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Catflap Newbie

Catflap

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France again! Like in the 1960s under de Gaulle! :lol:

 

And we all know what the naughty French did in 1971 under de Gaulle.... yes they sent one of their battleships to New York to redeem their US treasury debt for gold - a few days later Nixon announced that the United States would no longer redeem dollars for gold.

 

France under Charles de Gaulle realized that this trend was unsustainable. The US was printing more dollars than its gold holding could support and dumping the dollars in world markets.

 

http://www.atimes.com/atimes/China_Business/JJ02Cb03.html

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fexx Newbie

fexx

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I just saw the chart of GBP/USD and i it broke 1.5200 , this was major support , this means GBP is going to 1.1000 on a long term (next 6 months could be?) , and on a short term it could stop at 1.3500 in 2-3 weeks. Then it should make a pull back to 1.4900 and then a final move to 1.1000 (but maybe it could not reach 1.49 and exhaust earlier). So, on a long term, in GBPs you will have price close to 1,000, the entry point right now is ok.

 

Well, you sure put your money where your mouth is! Will be watching with interest :rolleyes:

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grumpy-old-man Newbie

grumpy-old-man

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Big money is pouring into gold. Why hasn't the price jumped?

 

http://howestreet.com/audiovideo/index.php...ediaplayer/1030

 

just like the GDP stats & indeed all the stats, they surpress them for sooooooooooooo long that when they finally have to let the real figures out, we get those huge & unexpected ;) jumps. Just look at the Uk GDP actaul & forcast stats for the last 6 months.......I told Mrs GOM that GDP would drop like a stone shortly, then voila, we get the revised <_< forcast figures.

 

Remember the +0.1, +0.1 etc, when eurozone was showing minus figures, & that's exactly why the Uk ALWAYS gets hit the hardest, because we lie & fudge & fiddle the stats the most.

 

They did exactly the same wrt to hpi in 2006/2007, that's why the TA's keep getting a lot of there guestimations wrong. TA only works when the system is working properly, but the system is broken at the moment.

 

the UK socially & UK plc is totally fooked for about 20 years, apart from the things we are always top in, when compared to mailand eurozone:

 

fighting

drinking

teenage pregnancies

stupidity

 

we will always reign supreme at these.

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littledavesab Newbie

littledavesab

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what I have read so far, is that GBP is going to plunge, so, rather than base purchases on the gold chart, people who live in UK should analyze GBP/USD . I am in Mexico and I got out of my pesos long time ago.

I just saw the chart of GBP/USD and i it broke 1.5200 , this was major support , this means GBP is going to 1.1000 on a long term (next 6 months could be?) , and on a short term it could stop at 1.3500 in 2-3 weeks. Then it should make a pull back to 1.4900 and then a final move to 1.1000 (but maybe it could not reach 1.49 and exhaust earlier). So, on a long term, in GBPs you will have price close to 1,000, the entry point right now is ok.

Im going to add my thanks also

 

Ker if you do find the time to slip some GBP vs USD/Gold feedback in now and again it is very much appreciated

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littledavesab Newbie

littledavesab

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i think you are right, i shouldn't be telling everybody when to buy or sell, i take my words back, if someone wants to buy, buy it, or sell it. i could be wrong also, i am not the whole market.

 

Ker I understand the sentiment behind your disclaimer and making predictions is a responsibility etc

 

BUT a contary view if intelligently expressed is important. Say it as you see it. If you think someone is going astray tell them.

 

So keep going !

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lowrentyieldmakessense(honest!) Newbie

lowrentyieldmakessense(honest!)

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Only the PPT works harder today (on the Dow, of course). :)

 

it cant last much longer

 

reflation challenge and gold

 

GOLD WINS WITH EITHER OUTCOME

 

Scenario A: The USEconomy suffers a strong recession. Many distribution lines are interrupted. Job losses continue into the millions. Many retail chains close down. These are already in progress. So imagine for the scenario that they all worsen. Commodity and material prices stabilize, and maybe rise. A big myth is out there, that claims commodity prices are down since the basic demand is down from a recession. That is only partly true. Prices are down predominantly since the USDollar has artificially enjoyed a prop from the financial markets, on liquidity of speculation and redemption of credit derivatives. As those processes slow, the USDollar will seek its proper value. That is much less, like 30% lower to start. Prices will then rise for things like food and gasoline and utility bills. Under this scenario, where the USEconomy suffers mightily, even becomes something of a wasteland, the USDollar might be replaced. Under this destruction scenario, with or without that replacement (forced in shame), gold will be a refuge of stored value, as industry falters and debt collapses further.

 

Scenario B: The vast Reflation Initiative succeeds. Somewhere the maestros and wizards succeed in engineering a revival of price inflation, as is their newfound goal. The destruction of the USEconomy is averted, except that hidden is the detrimental effect of price inflation. Wages might rise a little, but not enough. Asset prices like in the stock market improve, but not enough to keep pace with inflation. Corporations avert bankruptcy, but their profit margins are still damaged. The ultimate hedge against the systemic price inflation will be gold. This trend will continue, even as credit derivative accidents occur from higher rates, discussed in the upcoming Hat Trick Letter report. Massive price inflation will be the plan, the goal, the intention. INFLATE OR DIE will become the mantra on a global scale. The rise in the gold price, the longstanding time-honored inflation hedge, will be tolerated, as a system ill.

 

My forecast is that the USDollar will be replaced anyway, especially given the current meetings by major USTBond creditors. The G20 Meeting last weekend was an orchestrated sideshow. It opened Pandora’s Box however, as Germans in attendance have made firm formal rational demands. The movement is afoot to force profound change. A difficult, if not impossible, task comes for foreign bankers. They must separate themselves from the USDollar and USTreasury, its tradable vehicle. If they do not, then their economic and financial systems will be dragged down with the United States. The USFed executed on a gambit in recent weeks. They distributed hundreds of billion$ to foreign central banks. The hidden objective is to force foreigners to engage the great Reflation Initiative when the trigger is pulled, when the corner is turned, when the signal is given. Foreigners so far have taken that bait, but they might have an exit plan, if they are working closely with those who seem in charge: the Germans, Russians, Chinese, and Arabs.

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