Bernanke pledged QE until 2014, if Obama goes so does Bernanke, and Romney will only spend on military, no stimulus.
Romney has no choice but stimulus... none of theses clowns has a choice about printing, they have to print! It is just a mathematical artifact of a Usury based monetary system. The only problem they have is what to waste the printed money on, a war in Iran will solve that problem for them.
Bernanke is there until 2014 when his term expires. Romney as president will only change the fed chairman in 2014. 2013 is going to be a disaster whoever is in the White House.
^^^I have heard Obama will not do war in Iran but Romney will. Is this true or will Obama invade Iran after the election.^^^ Invade, it sounds so much like what the bad guys did in WWII. Sometimes I can't believe this is happening.
I don't think anyone will invade or go to war with Iran personally. If they do, it's WWIII. The rest of the world does not feel the same way as the USA or Israel, and are no doubt quite sick of this war mongering.
I'm not saying it's impossible, just improbable... WWIII would not benefit the US so greatly. If the US initiates war, or is perceived to have initiated war, they run the risk of the rest of the world turning on them. And that doesn't necessarily mean in 'warfare', it can just be in trade. The US is in such a position that it needs the rest of the world to keep providing it with cheap imports, oil and some other minor resources. Plus they need the will of their own people. The US lost the Vietnam war (contentious point) because the US population turned on the Govt. Therefore any democratic* Govt policy/action cannot stray too far from what at least one significant part of the population wants - or else they lose their mandate to govern. Whilst we may think that is happening now, it is not happening to the extreme that it did in Vietnam. Plus the mainstream media is nicely onboard at the moment. (* Let's not argue about how democratic they are...)
Wonder how long after the election results we will see major changes either way to pm's and other stuff over there.... I can't wait till the 6th..... Might even borrow some cash and stock up a little more while we're in 'another' dip.
I'm in the same quandary. I've a feeling they're not done with us yet and 1500's is possible if Obama gets in. Looking at the 1970's those sort of jumps were par for the course. We've already seen the inflation adjusted high in gold (1900 or thereabouts) so to get a run up and over that needs a good lead in. My thought is on the side of waiting. Of course after the US election is when the plug could be pulled and 2008 happens again which would be good for buying a dip - and shortly after that .... I don't want to think about.
Don't know whether anyone has linked this article before, but it nails the situation as I was vaguely feeling it. This commentator doesn't post all the time and always takes a simple approach that is usually vindicated. Notice that, going by the precedent of past golden crosses, there is room for exactly what happened on Friday. In fact the pms could even drop a little further and still conform. The price dropped below the 200 day moving average after the 'golden crosses' in 2007 and 2009 for gold and in 2009 for silver, but this was only fleeting, and was within a bull upleg. Currently the price is $8 above the 200 dma for Gold, and right on the 200 dma for Silver, and both metals have of course had golden crosses. http://www.kitco.com/ind/Degraaf/20121031.html
lol Jim Clair Speaks.. gold at $3500 immediatley or in 9 months, or 2015 or 2017.... or.... I'm sick of these guys getting my hopes up, gold will increase about 30% on average every 18 months. Lets just leave it at that,
AUD$1585 by next Thursday lunchtime - if not sooner - but I'd be surprised if we went any lower than $1550 before Xmas...
IIRC the US debt ceiling is due to be breached in December. Historically that has been bullish for the PoG. Best to go by technical indicators for a low before that time.
