Steve Netwriter Posted February 20, 2009 Report Share Posted February 20, 2009 GEAB N°32 - Contents - Published February 16, 2009 - 4th quarter 2009 – Beginning of Phase 5 of the global systemic crisis: phase of global geopolitical dislocation Back in February 2006, LEAP/E2020 estimated that the global systemic crisis would unfold in 4 main structural phases..... with pretty charts: http://www.leap2020.eu/GEAB-N-32-is-availa...ical_a2805.html Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 20, 2009 Author Report Share Posted February 20, 2009 Where are the people who predicted $300 and $200? Are they checking back with their bosses on what to post next? Link to comment Share on other sites More sharing options...
FWIW Posted February 20, 2009 Report Share Posted February 20, 2009 Where are the people who predicted $300 and $200? Are they checking back with their bosses on what to post next? And don't forget 6.60 for Silver!!! :P :P :P Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 20, 2009 Author Report Share Posted February 20, 2009 This is not 1980. Anyone claiming that should have a look at these charts. http://gold.approximity.com/since1968/ Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 20, 2009 Author Report Share Posted February 20, 2009 The 10:1 level is now major long-term resistance for the DJIA-gold ratio. http://gold.approximity.com/since1968/DJIA...-Ratio_LOG.html Link to comment Share on other sites More sharing options...
Pixel8r Posted February 20, 2009 Report Share Posted February 20, 2009 Where are the people who predicted $300 and $200? Are they checking back with their bosses on what to post next? Here's what Ker (Mr $200 gold) posted today. Is hiding away in another forum; http://www.greenenergyinvestors.com/index....ost&p=97290 just want to point out that professionals took profits yesterday (they didn't drove it higher), so i am on the side that we are close to a final top, but to be sure, we have to see if professionals selloff on tuesday, that would be our confirmation Link to comment Share on other sites More sharing options...
azazel Posted February 20, 2009 Report Share Posted February 20, 2009 This is not 1980. Anyone claiming that should have a look at these charts. Yes, its definatly 2009. Seriously, why do you say that? I looked at the charts and I dont see your point. The 1980s are all there is to compare with but this crisis is much more serious and unsolvable without inflating the debts away. I think gold will continue upwards until about May and will get to $1224. I hope so anyway. Link to comment Share on other sites More sharing options...
azazel Posted February 20, 2009 Report Share Posted February 20, 2009 Here's what Ker (Mr $200 gold) posted today. Is hiding away in another forum; http://www.greenenergyinvestors.com/index....ost&p=97290 Like I said Ker's charts are great. They just need to be turned upside down and then they are spot on. Nice and colourfull too. Link to comment Share on other sites More sharing options...
ziknik Posted February 20, 2009 Report Share Posted February 20, 2009 I can't get this stupid song out of my head http://rathergood.com/bullion Bullion! That's the stuff for me! We've done a song about how great it is! Hooray for Bullion! Link to comment Share on other sites More sharing options...
Errol Posted February 20, 2009 Report Share Posted February 20, 2009 true but quite a few idiots own etf's - that problem needs to be solved also Hardly a problem. Well, only a problem for those in the ETF. They will lose everything. Link to comment Share on other sites More sharing options...
Pluto Posted February 20, 2009 Report Share Posted February 20, 2009 I take it this is in relation to GLD buying more gold in January than was mined. Why is there an assumption that they didn't get it from some other source? Have they announced that it was all newly mined stock? Maybe the ETFs should publish the source of the gold so it can be verified. The real issue here is ALL THE MINED gold in the world is not enough to keep up with demand from one EFT. That is huge demand and if it keeps up will drain all the gold ever mined into ETFs. Link to comment Share on other sites More sharing options...
warpig Posted February 20, 2009 Report Share Posted February 20, 2009 I can't get this stupid song out of my head http://rathergood.com/bullion Bullion! That's the stuff for me! We've done a song about how great it is! Hooray for Bullion! Link to comment Share on other sites More sharing options...
Steve Netwriter Posted February 20, 2009 Report Share Posted February 20, 2009 Here's an overview for you. Rather than a double top, I think it's more a confirmation of the next leg up :D Link to comment Share on other sites More sharing options...
Steve Netwriter Posted February 20, 2009 Report Share Posted February 20, 2009 I can't get this stupid song out of my head http://rathergood.com/bullion Bullion! That's the stuff for me! We've done a song about how great it is! Hooray for Bullion! Link to comment Share on other sites More sharing options...
romans holiday Posted February 20, 2009 Report Share Posted February 20, 2009 Here's an overview for you. Rather than a double top, I think it's more a confirmation of the next leg up :D Marvellously and bullishly painted Steve. I see the shift from the late plunge below the blue line to the latest break out above it as marking a shift in the markets perception of gold; from a commodity to a currency [store of value]. Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 20, 2009 Author Report Share Posted February 20, 2009 ... Seriously, why do you say that? I looked at the charts and I dont see your point. ... The moves of the past few years look much more sustainable than the spike in 1980. Link to comment Share on other sites More sharing options...
gwizzie Posted February 20, 2009 Report Share Posted February 20, 2009 Maybe the ETFs should publish the source of the gold so it can be verified. The real issue here is ALL THE MINED gold in the world is not enough to keep up with demand from one EFT. That is huge demand and if it keeps up will drain all the gold ever mined into ETFs. GLD do ----> Barlist. Theres about 88 bars in a tonne. They go to great lengths to try and dispel the myth that they dont hold the gold they say they do. Goldcorp alone produced about 20T of gold in 4thQ 2008 ( Thats just under the amount in the closest stack in the second picture) Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 20, 2009 Author Report Share Posted February 20, 2009 GLD do ----> Barlist. Theres about 88 bars in a tonne. They go to great lengths to try and dispel the myth that they dont hold the gold they say they do. ... Can they lease it out? Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 21, 2009 Author Report Share Posted February 21, 2009 Gotta be in it to win it. http://gold.approximity.com/since1999/Gold_GBP.html Link to comment Share on other sites More sharing options...
Catflap Posted February 21, 2009 Report Share Posted February 21, 2009 I can't get this stupid song out of my head http://rathergood.com/bullion Bullion! That's the stuff for me! We've done a song about how great it is! Hooray for Bullion! That's another warning indicator of a coming top - too mainstream now, the general public are well informed of golds rise and are buying this peak. Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 21, 2009 Author Report Share Posted February 21, 2009 That's another warning indicator of a coming top - too mainstream now, the general public are well informed of golds rise and are buying this peak. I forgot to include you below, Catflap. Link to comment Share on other sites More sharing options...
colonelmustard Posted February 21, 2009 Report Share Posted February 21, 2009 nice bubble Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 21, 2009 Author Report Share Posted February 21, 2009 nice bubble Link to comment Share on other sites More sharing options...
Catflap Posted February 21, 2009 Report Share Posted February 21, 2009 The 10:1 level is now major long-term resistance for the DJIA-gold ratio. http://gold.approximity.com/since1968/DJIA...-Ratio_LOG.html Great chart - now I'm a little confused. Perhaps we are a not at the same point as in late 1974 yet but maybe at a similar point to 1973 - second thoughts, I think that it should spike down fairly quickly over the next few weeks as gold goes even higher and the Dow goes even lower. Worth checking that graph if it's updated regularly as it would be a great indicator for the mid-cycle gold correction and that stocks were going to rise again in a 12/18 month cyclical bull run. Link to comment Share on other sites More sharing options...
FWIW Posted February 21, 2009 Report Share Posted February 21, 2009 That's another warning indicator of a coming top - too mainstream now, the general public are well informed of golds rise and are buying this peak. With the greatest respect, I would say that you just don't get it... I refer you to Nixon 1971: http://en.wikipedia.org/wiki/Nixon_Shock It has taken 38 years to get this far. Charts are great at telling you where you have been, not where you are going. The thing about money is that it has infinite demand from people - who doesn't want to be rich? The FED and the BoE thought that they could control the supply side. Not too much printing to give the illusion of the fiat holding some value. With the trillions in bank bailouts this illusion has been shattered. Now we are on our way to Harare... By buying and holding gold, you can hedge against two possible outcomes. 1) Gold becomes money (due to hyperinflation e.g. Zimbabwe) via restatment of Bretton Woods or Bancor system - gold holders win. 2) Fiat lives and does not fully die - this will lead to either inflation or deflation - either way gold holders win. So there you have it - trading gold is like Goldfinger already said "for people that like steamrollers" or "catching falling knives". Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now