Sean K
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A solid break of that and all hell will break loose imo.
Gold Price - Where is it heading?
- Thread starter guycharles
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Not shure what the catalyst will be for that; better money to be made elsewhere I'm afraid; the money shufflers con job is working; just not sure who's going to pay for it? Gold dissapoints again.
explod
explod
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Pop over to to the silver thread Uncle and listen to Cramer on regulators moving in on the bullion bank mnipulation.
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Gold showing some strength again so far tonight.
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Nyden
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A pop to 4 digits? Perhaps $1000aud 
: Really, does the strength in the AUD not concern gold bugs? I had a gander of the AUD gold chart, and it's basically a straight trend down for the past few months. A 20% loss over 6 months, I hope not many of you still have the stuff buried in the yard
: Really, does the strength in the AUD not concern gold bugs? I had a gander of the AUD gold chart, and it's basically a straight trend down for the past few months. A 20% loss over 6 months, I hope not many of you still have the stuff buried in the yard A pop to 4 digits? Perhaps $1000aud
Nyden answer me this question if you may:
* $1000 what will it buy you today and then in 20 yrs?
* 1 ounce of gold what will it buy you today and then in 20yrs?
After some thinking........................
I rest my case
Nyden
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Yes, but unlike the gold; which lays buried in the yard, money can be placed into a bank account to earn interest, and compound. Or, better yet - money can be used for other investments, almost all of which will probably outperform gold over the next 20 years, sorry.
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short = fail. (circa 11:10 aest 7th aug 09).
Not if your living in Zimbabwe.
The Yanks are following the same path & will find out pretty soon how worthless their dollars are...and that's when gold will break free of the USD.
Cheers
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short + kahuna's = success. (circa 12:17 aest 8th aug 09).
>Apocalypto<
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Cramer!!! LOL what a douche
explod you live in a wonderful world..... I really hope that gold goes to 1 000 000 000, and paper currency burns.
you have put so much into this u deserve it....
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Explod, may suggest you sell your gold?
I would say now is a great time to do so because risk appetite has returned (more so every day), and the only thing in my mind that is holding gold up is the fear of hyper-inflation. Its only a matter of time before BB calms the market again about the issue of hyper-inflation and seeks more power to avoid it.
I would say now is a great time to do so because risk appetite has returned (more so every day), and the only thing in my mind that is holding gold up is the fear of hyper-inflation. Its only a matter of time before BB calms the market again about the issue of hyper-inflation and seeks more power to avoid it.
>Apocalypto<
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here's something for u explod..........
presented by FOREX Signals Guide
http://www.forexsignalsguide.com/business-articles/why-dollar-will-get-stronger/
Why The Dollar Will Get Stronger
by Mark Carlson
The whole market is currently short the dollar right now but I think that could be a big mistake. I know this is a completely contrarian view and that the outlook for the dollar is not good. However, I have 5 good questions and 5 good answers why I think the dollar is headed for a reversal and that this is the perfect time to go long.
1. What good is a strong Euro? I believe a strong Euro will do more damage to Europe than a weak dollar will hurt the U.S. Recently, our weak greenback has been beneficial in two different ways. First by boosting exports and discouraging imports which provides a shot in the arm for our weak economy; not good for the Euro. Second, it helps shrink our trade deposit in goods and services which in turn slows the endless flow of dollars abroad; not good for the Euro.
2. Is there a currency that can replace the dollar as the world’s reserve currency? To this I have to say… into what? Recently China suggested it would diversify away from the dollar to a likely candidate the Euro. However, the Euro doesn’t have enough liquidity to handle the demand. It is still an experimental currency that not one government can invest in with total faith. Also, with more than two-thirds of foreign reserves in dollars, it would most likely take a decade to replace the dollar as the world’s reserve currency.
3. Is there anyone a weak dollar helps in the long run? Even though many countries somewhat dislike Americans, they dislike a really weak dollar even more. Why? A weak dollar makes U.S. exports attractive and forces foreigners to patronize that which they despise. Their manufacturing industries suffer and their unemployment rises. So don’t expect foreign governments to fight a modestly stronger dollar or even encourage it when the reversal begins.
4. What about the stock market? The stock market loves a strong dollar because a weak dollar is NOT beneficial to the stock market. Historically, the average return of the S&P 500 – during times when the dollar was strong – was a gain of 86.6% which is over five times the average return of 16.4% when the dollar was weak.
5. When is the best time to reverse positions in a market? The best time to take a contrarian position in a market is when the most unlikely and unsophisticated are speculating. Give me a break… when corner store owners and housewives start trying to earn extra income by speculating in the Forex, something they know nothing about, we’re near a bottom. The smart money knows that and now you do to.
Yes, the dollar will get strong again; at least moderately. In the near term there will probably be more pressure to the downside. However, a turn is coming and when it does the change will come swiftly!
LOL LOL
presented by FOREX Signals Guide
http://www.forexsignalsguide.com/business-articles/why-dollar-will-get-stronger/
Why The Dollar Will Get Stronger
by Mark Carlson
The whole market is currently short the dollar right now but I think that could be a big mistake. I know this is a completely contrarian view and that the outlook for the dollar is not good. However, I have 5 good questions and 5 good answers why I think the dollar is headed for a reversal and that this is the perfect time to go long.
1. What good is a strong Euro? I believe a strong Euro will do more damage to Europe than a weak dollar will hurt the U.S. Recently, our weak greenback has been beneficial in two different ways. First by boosting exports and discouraging imports which provides a shot in the arm for our weak economy; not good for the Euro. Second, it helps shrink our trade deposit in goods and services which in turn slows the endless flow of dollars abroad; not good for the Euro.
2. Is there a currency that can replace the dollar as the world’s reserve currency? To this I have to say… into what? Recently China suggested it would diversify away from the dollar to a likely candidate the Euro. However, the Euro doesn’t have enough liquidity to handle the demand. It is still an experimental currency that not one government can invest in with total faith. Also, with more than two-thirds of foreign reserves in dollars, it would most likely take a decade to replace the dollar as the world’s reserve currency.
3. Is there anyone a weak dollar helps in the long run? Even though many countries somewhat dislike Americans, they dislike a really weak dollar even more. Why? A weak dollar makes U.S. exports attractive and forces foreigners to patronize that which they despise. Their manufacturing industries suffer and their unemployment rises. So don’t expect foreign governments to fight a modestly stronger dollar or even encourage it when the reversal begins.
4. What about the stock market? The stock market loves a strong dollar because a weak dollar is NOT beneficial to the stock market. Historically, the average return of the S&P 500 – during times when the dollar was strong – was a gain of 86.6% which is over five times the average return of 16.4% when the dollar was weak.
5. When is the best time to reverse positions in a market? The best time to take a contrarian position in a market is when the most unlikely and unsophisticated are speculating. Give me a break… when corner store owners and housewives start trying to earn extra income by speculating in the Forex, something they know nothing about, we’re near a bottom. The smart money knows that and now you do to.
Yes, the dollar will get strong again; at least moderately. In the near term there will probably be more pressure to the downside. However, a turn is coming and when it does the change will come swiftly!
LOL LOL
I think we saw the turn last night and our dollar has just retraced 61.8% of the down move so we should soon wstart going down again US Dollar bullish consensus down to 3% suggests if that was not a b ottom it shouldn't go much lower
Dent is currently saying the same thing and has moved out of commodities, as he believes the US dollar will get stronger. I got the impression he seemed to think US dollar strength won't last that long though.
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Looking over the last few months, a few unusual occurrences have been happening, namely....
$US dollar index down
30 year bonds down
S&P500 up
Gold up
oil up
If gold was to go down now with $US going up then expect the S&P to fall as well, unless there is a serious change in the links between the above.
brty
$US dollar index down
30 year bonds down
S&P500 up
Gold up
oil up
If gold was to go down now with $US going up then expect the S&P to fall as well, unless there is a serious change in the links between the above.
brty
>Apocalypto<
20.03.2012
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so much hope in this thread it's amazing.
same old same old.
usd down USA to implode.
gold up blah blah blah
NFPs showing a different picture on the USA right now.
I just spent the morning on kitco... what a hard sell that is a sick idea of a site. One of the most one sided hard sells I have ever seen.
you can see they have a vested interest in keeping the masses buying gold.
same old same old.
usd down USA to implode.
gold up blah blah blah
NFPs showing a different picture on the USA right now.
I just spent the morning on kitco... what a hard sell that is a sick idea of a site. One of the most one sided hard sells I have ever seen.
you can see they have a vested interest in keeping the masses buying gold.
Sean K
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