Word on the street

Discussion in 'Markets & Economies' started by spannermonkey, Feb 3, 2013.

  1. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Touched base with a contact today & was told
    Next year
    Expect another big downturn in prices of everything next year ( that generally to me means , gold & silver should go up )
    It was advice from a top notch lawyer (top 20 law firms in the USA )
    To his uncle here in OZ

    BUY NOW CRY LATER ;)
    That's as much as a prediction as you will get out of me
     
  2. doomsday surprise

    doomsday surprise Well-Known Member Silver Stacker

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    Really? I was just watching inside business on the ABC where everything is rosy, house prices are going up, the world economy, especially the USA is growing( apparently the last GDP figures of -0.1 % was just a glitch), the stock market is going on a bull run and gold bugs look like idiots. You mean I can't believe the MSM?
     
  3. badhammy

    badhammy Member Silver Stacker

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    Mainstream news reporting on the economy is akin to Nicky Minaj evaluating singers on American Idol.
     
  4. doomsday surprise

    doomsday surprise Well-Known Member Silver Stacker

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    I'm taking it that whoever Nicky Minaj is - he/she can't sing?
     
  5. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    You can choose to believe who ever you wish ;)

    BUT I don't believe anything that is reported on the idiot box :D
     
  6. badhammy

    badhammy Member Silver Stacker

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    [imgz=http://forums.silverstackers.com/uploads/1487_uefpfen.jpg][​IMG][/imgz]

    Looks a lot like David Koch et al. too
     
  7. ermat

    ermat Member

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    Exactly. but where in this MSM can we find honest unbiased views.?
     
  8. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Wow, I just looked up Niky Minaj on youtube - She should rename herself Melodyne Autotune.
     
  9. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    There's more to the story that I'm not willing to reveal on a public forum ;)
     
  10. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    If there is a big downturn pms will drop, not go up. They will go up after tptb crank up printing again to boost world economy.
    Saw a chart showing China growth when new government is installed, so this year we should see growth as the new Chinese gov bring in a plan to get things going again in China. This should have a knock on affect through the globe.
     
  11. doomsday surprise

    doomsday surprise Well-Known Member Silver Stacker

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    Damn, next your going to tell me not to follow Kochie. :p
     
  12. Silverthorn

    Silverthorn Well-Known Member

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    yeah, I bet the guy doesn't even have a youtube channel. :D
     
  13. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    And does having a pooptube channel makes one an authority on any subject does it ?
     
  14. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Yes it does.

    [youtube]http://www.youtube.com/watch?v=N7XMCWHn4Mg[/youtube]



    :)
     
  15. Silverthorn

    Silverthorn Well-Known Member

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    yeppers, all the heavy weights hang out on da tube.

    Stellaconcepts Interviews Rawdog :p

    [youtube]http://www.youtube.com/watch?v=J8EfzSAOpDc[/youtube]
     
  16. Gold Kiwi

    Gold Kiwi New Member Silver Stacker

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    Next year meaning 2014 or next year meaning over the course of the next 12 months?
     
  17. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    2014
     
  18. AngloSaxon

    AngloSaxon Active Member

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    Depends on who owns the most wigs.
     
  19. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Maybe he read this: http://www.tfmetalsreport.com/blog/4470/two-opposing-viewpoints

     
  20. SilverSanchez

    SilverSanchez Active Member

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    One of the possible issues in the future could be energy prices.

    The production of everything (including energy) takes energy.
    Energy prices rising and the world monetary base expanding at an amazing rate can only equal one thing = high real rate of inflation

    Couple this with low interest rates, and you get a stock market boom in blue chip and div stocks. But the one thing that can crush the expansion is oil.

    Everything you can think of uses petrolium products
    From high desity plastics (used in electronics) to the fuel for harvesting machines and transport trucks (the Dow Transport index is confirming the Dow breakout - so more energy is going to be required)

    Oil at $150 and increasing cost of commodities will put massive pressure on the consumer prices index - eating away at the bottom lines of industry and production who increase end-user prices, and the spending habbits of the general population change. (people wont have as much money for discretionary spending)

    American taxes rising will hit the general knowledge this financial year. Its a slow juggernaught, extremely hard to stop.

    Own real things, diversify and protect your liquidity...
     

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