Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
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LOL its smelling like something else to me...........:flush:
And of course we have good old greed; Everyone can smell a bargain.
LOL its smelling like something else to me...........:flush:
Please do enlighten us further.
My point is that here we are standing on the edge of a complete and utter mess. I mean this is exactly what the Gold Bugs have been banging on about for years BUT...................
What is gold doing. Certainly not rewarding the gold bugs. its a dog.
Yeah, up 5% after down 30% good one. What's it gunna take to get to the $2000-$3000 target if it hasn't sparked interest with the current :fan . I mean really this is what the bugs have been waiting for is it not? They would have to be feeling a little disappointed that golds not tickling $1500 by now?
Oh god!!
Gold bugs are always making money aren't they??
When will one say what Cuttlefish freely does. That the obvious truth, Golds/silver has been a dog for some time and as the **** hits the fan, as per the bugs prediction, golds gone backwards.
And yes dude I know a bit about the movements in the gold market. Just because I disagree with your emotional commitment or point out the painful to you that don't mean I don't know where gold has been and where its currently sitting. And that is at a disappointing level considering its was going to be the one "safe" trade in all this mess.
My point is that here we are standing on the edge of a complete and utter mess. I mean this is exactly what the Gold Bugs have been banging on about for years BUT...................
What is gold doing. Certainly not rewarding the gold bugs. its a dog.
Why do you think gold will hold around these levels.
The US dollar has been rising against weakeness elsewhere, particularly caused by the Euro. The Euro has a problem in that it is made up of many economies that are all very differrent. It is more of a controlled instrument than a currency with a value that can be properly measured.
The recent US dollar strength has not changed any of the underlying financial problems which are being more clearly realised. Late last week Wall Street were starting to talk about "flights to safety" (wow) they were referring to the US dollar but they recognise what's on. The only flight to safety in the shorter term will be gold, the fact that it is going up when Lehman is going down will not be lost on a lot of the sheeple. And of course we have good old greed; Everyone can smell a bargain.
a bit high for a fractaling 4th of a 5th butt who nose...
Cheers
........Kauri
If it holds above the 2006 high of 730, I think there is gonna be some really good profits to be had longer term in selected gold stocks at current prices.
Another point that nobody has been talking about lately is central bank activity.
Sep 16 2008 10:57AM
Why Wall Street Hates Gold and Silver??
(Excerpted from Chapter 12 of How to Prosper During the Coming Bad Years in the 21st Century.)
Wall Street ignored gold and silver during most of the 1970’s hyper-profitable bull market. They were either outright hostile, or acted as though the metals didn’t even exist. I got no respect, even though the first edition of my book sold 2.6-million copies and was near or at the top of The New York Times best-seller list in both hard and soft cover for two years, and I was all over the media; Wall street Week, Oprah twice, Regis and Kathy Lee three times, etc, etc. They were usually hostile also. Wall Street paid little attention to gold until it reached about $650, far too late for them to have much of a chance for their clients to make money.
Why the hostility? Partly because they believed their own rhetoric! Historically, because rising gold always means falling stocks or a troubled world, and they made most of their commissions in the stock market, they had to remain bullish on stocks, and bearish on gold. Their bullish stock-market recommendation was necessary because investors wouldn’t buy stocks if their advisors were dubious about the market’s future. They sneered at the inflation fears of us gold and silver fans, and derisively called gold investors “gold bugs.” Most of the young whippersnappers who now control Wall Street were in diapers 25 to 30 years ago during the last gold bull market so they haven’t experienced rising gold and inflation. Consequently, another gold bull market is inconceivable to them.
Studying Psycho-ceramics
One of the funniest things that ever happened to me illustrates the skepticism of mainstream media types regarding gold and silver. In 1978 I was on a national promotion tour for the first edition of my book when I found myself in Detroit, rushing to a TV station for a scheduled interview on a big morning show. I barely got there in time when the host turned to the camera and said, “Today we’re going to study psycho-ceramics, and with us today is a crackpot from California.” And the interview went downhill from there; with his biggest argument being that silver was an impractical investment for most people, unless you were very rich.
One year later I found myself in the same studio, same host, promoting the mass paperback of my book. But this time, when the light went on, he said, “Today we have with us one of America’s most brilliant financial advisors,” and the interview was terrific from then.
After the show, I reminded him of what he had said before, and asked him what had changed his mind. He very sheepishly said, “I read your book and bought silver from a local coin dealer, and tripled my money since you were here last.” So the media is not always infallible, even though they are usually wrong.
Treasury International Capital (TIC) Data for July
Treasury International Capital (TIC) data for July 2008 are released today and posted on the U.S. Treasury website (www.treas.gov/tic). The next release, which will report on data for August, is scheduled for October 16, 2008.
Net foreign purchases of long-term securities were $6.1 billion.
Net foreign purchases of long-term U.S. securities were negative $25.6 billion. Of this, net purchases by private foreign investors were negative $20.7 billion, and net purchases by foreign official institutions were negative $4.9 billion.
U.S. residents sold a net $31.7 billion of long-term foreign securities.
Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been negative $8.2 billion.
Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities decreased $8.4 billion. Foreign holdings of Treasury bills decreased $4.4 billion.
Banks’ own net dollar-denominated liabilities to foreign residents declined $58.1 billion.
Monthly net TIC flows were negative $74.8 billion. Of this, net foreign private flows were negative $92.9 billion, and net foreign official flows were $18.2 billion.
Gold... or high country oysters.. who cares... if it trends... and sets up... trade it... after all... does a chart of gold look any different to a chart of high country oysters???
Cheers
............Kauri
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