Gold is set to make a spectacular move to the upside, We can all use our logic to work out no increase in the debt ceiling is bad for gold and other substitutes to the dollar, for being fiscally responsible like Schiff and Paul have proposed would actually risk a recovery and a lesser need for an inflation proof investment vessel. Anyway given we know that this is just lip service and that the keynesian way is to inflate away all problems we can be sure once Janet Yellin steps in and announces more stimulus (being a Keynesian to the bone) we WILL see a spike to $1500. Heard it here first.. my brain is on ice.. no need to use it with this play. 1for1
I thought it was going to begin last night... but the chart was just tracing out 'the Qld coastline' again :/
Same here mate, i got gold yesterday during the dip and thought id timed it perfectly.. was suprised to see it was back down slightly this morning.. something will give soon i am sure.. no way they wont increase the debt ceiling.. all the politicans, all the fed, all the intellicuals that are "in favour" are all keynesians.. we are living in a world controlled by forces that print money and create debt to keep the economies afloat.. For these reasons i have no doubt we are just around the corner from a big correction to the upside.. LOL.. a rumor of a deal.. its a certainty they will keep the economy alive by kicking the can down the road.. another round of QE? lol.. of course.. your Keynesian aren't you? you'll only stop once the paper is worthless wont you?
Sorry dudes....stop looking at the U.S. all the time..... You are waiting for the right cross so you have prepared for your defense too bad you are not watching the left upper cut and very soon you will be down for the count.... Keep your eyes to Europe....that is where the the biggest trouble lies.....this could be very negative for gold at the moment....
But the Europe Central bank is owned by the bis and fed.. It's all Keynesians I don't buy your Keynesian take on what inflation is so we couldn't possibly converse further given I reject your initial premise.. I am not us centric but think they show symptoms that all the bankers and policy makers all agree on... I think Germany will stay strong and maybe rise from the ashes that are the fall of the euro.
That must be why you are one the wittiest quick thinking people I know.. The world needs more acid tipped types by the sounds..
Its a good point though...haven't been hearing much out of Europe for a while...even from the non-mainstream sources.
Maybe Greece, Italy, Cyprus, Spain, Ireland and Portugal all got better, no one likes to report good news.
Janet Yellin has already said she plans to keep the current 85B bond buying spree for ever and it did nothing for the Gold price. She has immense pressure from her soon to be colleagues to curtail spending not increase. Forget Inflation as the main driver for an increase in the Gold price.
bad for gold blah blah blah ... The central bankers are Gods and they know exactly what they're doing so never bet against the central bankers f..king things up by buying gold! :lol:
I am not so sure, as a return to the strong Deutschmark will probably make much of Germanic manufacturing and produce unaffordable to the rest of Europe whom will end up much poorer.
Hi, didn't think of that.. I would say to you that there was life before government sanctioned globalisation and internal demand is fine providing Germany can produce all of there demands internally it's not as bigger problem as you think.. They can make inferior produce to export as a business model.. The have the smarts and the financial intellect Man golds getting clobbered
Gold could go down below 1,200 $. The bears are getting stronger. And as a domino-effect, people will buy even less now (again), that they're seeing the downward ride...
We were $50 down at one stage overnight.. nice comeback there. What was the news (that they used as the main causation>) 1for1
The debt ceiling deal that was almost done ran into a snag Just shows the psych of this market No panic even though the govt is days away from default but on every sign that the ceiling will be raised stocks rally and commodities get slammed
