Naam Posted May 17, 2012 Share Posted May 17, 2012 Sure Naam the Euro Crisis will not effect the price of Gold... you mean the crisis in Europe did not cause the price of Gold to drop and will also not affect Gold in future? Link to comment Share on other sites More sharing options...
Jayman Posted May 17, 2012 Share Posted May 17, 2012 we are looking at the "now" and the "now" tells us clearly that the crisis in Europe has until "now" not affected the gold price in a positive manner. it even looks as if the opposite has happened. as for "crisis will effect" the jury is still out. by the way, is it possible to avoid non-valeur expressions like "Euro crisis" and replace them with more specific words like "EUR crisis" when referring to the currency or "EU crisis" when referring to the European Union or "PIGS crisis" when referring to certain countries? Think you forgot a very important I there Lt. PIIGS is more like it. Don't want to offend anyone. Link to comment Share on other sites More sharing options...
Jayman Posted May 17, 2012 Share Posted May 17, 2012 http://www.fxstreet.com/news/forex-news/article.aspx?storyid=07ae7f10-b5b9-4eed-8f88-7d2fe1dad6a9 Gold jumps above 1,570 FXstreet.com (San Francisco) - The yellow metal has exploited in the last hour with the XAU/USD rising around 40 cents from 1,549 to break up 1,557.80 resistance and reach intra-day high at 1,575.50. Seems commodity players are coming back to table. Currently the XAU/USD is pricing at 1,572.85, 1.97% above today opening price action. "The Gold buyers have entered today after not being able to extend below the most recent lows From September and December 2011," says Greg Michalowski, ForexLive.com analyst. "The rally hast taken the price up to the broken underside of the the channel trend line at the $1575 area." Link to comment Share on other sites More sharing options...
flying Posted May 17, 2012 Share Posted May 17, 2012 (edited) you mean the crisis in Europe did not cause the price of Gold to drop and will also not affect Gold in future? IMHO as "the crisis" continues & by that I mean all of them...US financial...EU...EUR...PIIGS....etc. we will in fact see the price of Gold drop....initially This is why I have said many times as it (the crisis) really gets going & yes it has in fact taken longer than I thought & may take even longer still depending on the slight of hand tactics...aka:printing/digitizing/selling of what does not exists via the great casino.... of paper IOU's I fully expected swings of well over $100USD/oz in the future. Because of the paper counterpart which is allowed to play with/determine the price of physical. This in itself will confuse & scare many out of holding physical. Of course depending on when/price folks got into it will also help/determine their bravery But in the end? I still look with my own eyes to try & determine for myself what repairs are being made if any at all to the system which still looks beautifully broken to me. Standard Disclaimer: This is not a recommendation to buy or sell DYODD Edited May 17, 2012 by flying Link to comment Share on other sites More sharing options...
flying Posted May 17, 2012 Share Posted May 17, 2012 (edited) The cyclist that I always mention had this to say yesterday.... USdollar resistance 81.80 ,gold 1500,Dow 12650.Turn date tomorrow. Like I said I only read his comments but I am more often than not amazed by his accuracy regarding turn dates. Of course his absolutes of gold & Dow are not exact but very close Edited May 17, 2012 by flying Link to comment Share on other sites More sharing options...
Naam Posted May 17, 2012 Share Posted May 17, 2012 we are looking at the "now" and the "now" tells us clearly that the crisis in Europe has until "now" not affected the gold price in a positive manner. it even looks as if the opposite has happened. as for "crisis will effect" the jury is still out. by the way, is it possible to avoid non-valeur expressions like "Euro crisis" and replace them with more specific words like "EUR crisis" when referring to the currency or "EU crisis" when referring to the European Union or "PIGS crisis" when referring to certain countries? Think you forgot a very important I there Lt. PIIGS is more like it. Don't want to offend anyone. the general consensus is that one of the PIIGS has "made it" and the market clearly supports that assumption. i'm going a step further and support the spelling as "PGS" by dropping the second "I" too. but whatever today's assumptions and expectations are, they will be wiped from the table if we are confronted with "grexit". Link to comment Share on other sites More sharing options...
cdmtdm Posted May 17, 2012 Share Posted May 17, 2012 and while the diversion is on Europe at the moment , lets not forget about the basket case in the US , hiding in the wardrobe ready to jump out at any moment .... Link to comment Share on other sites More sharing options...
flying Posted May 18, 2012 Share Posted May 18, 2012 and while the diversion is on Europe at the moment , lets not forget about the basket case in the US , hiding in the wardrobe ready to jump out at any moment .... True but at the same time funny that the dollar like in 08 is climbing as folks run to their perceived safe haven Link to comment Share on other sites More sharing options...
Naam Posted May 18, 2012 Share Posted May 18, 2012 and while the diversion is on Europe at the moment , lets not forget about the basket case in the US , hiding in the wardrobe ready to jump out at any moment .... what exactly are these basket cases and what happens when they jump out of their wardrobes? Link to comment Share on other sites More sharing options...
yoshiwara Posted May 18, 2012 Share Posted May 18, 2012 Sure Naam the Euro Crisis will not effect the price of Gold... you mean the crisis in Europe did not cause the price of Gold to drop and will also not affect Gold in future? Like it or not the gold price was going down with the Euro and other commodities. Yesterday there was a bounce. Whether or not this was as the result of an anticipated QE response to the current crisis, gold has behaving as a volatile asset, not at all what many are wanting. The $US is currently having a very nice run as the place of safety. Link to comment Share on other sites More sharing options...
edgarfriendly Posted May 18, 2012 Share Posted May 18, 2012 and while the diversion is on Europe at the moment , lets not forget about the basket case in the US , hiding in the wardrobe ready to jump out at any moment .... while this kind of vague statement can be quite jarring, at least its not been cut n pasted. but what the fudge are u waffling on about? 'gold n sold' as well....<deleted>?? you seem quite determined to prove your greatness and awesome foresight...but by making vague statements. what for? Link to comment Share on other sites More sharing options...
cdmtdm Posted May 18, 2012 Share Posted May 18, 2012 read the thread edgar then u may get an idea of the context its been written .... and the name of the topic is where is gold going in this market ..... i guess you still hold and perhaps just purchased some Link to comment Share on other sites More sharing options...
cdmtdm Posted May 18, 2012 Share Posted May 18, 2012 and while the diversion is on Europe at the moment , lets not forget about the basket case in the US , hiding in the wardrobe ready to jump out at any moment .... what exactly are these basket cases and what happens when they jump out of their wardrobes? have u forgotten already? ..read back a few pages ..perhaps u are a yank and dont want to face up to the Basket case of an economy the USA is at the moment .... Link to comment Share on other sites More sharing options...
cdmtdm Posted May 18, 2012 Share Posted May 18, 2012 According to the major polls, at least 2/3 of Americans think, “things will get better”. Yes, they are that stupid. Let’s look at some plain facts: 48% of Americans are considered either “low income” or living in poverty by the government. 20% of households are on Food Stamps. 1 in every 7 adults is on Food Stamps. 1 in 4 children are on Food Stamps. Almost 3 out of 5 children are considered to be living in “low income” or impoverished homes. The inflation rate is 10% not 3%. The real unemployment rate is 22%, not “9%”. During the Great Depression it was “only” 25%. Only 100 million Americans actually work for a living! They support the other 213 million. Many of these jobs are minimum wage and very low paying. Household income has been seriously falling for over 10 years now. Your Social Insecurity check will only buy half of what it used to. Less and less people are self employed. More and more people work for the government and are overpaid and underworked. Only half of black youths under 25 have a job. Only two thirds of Latino youth under 25 have a job. The average household debt is 50% more than their annual income. Only half of Americans over 18 are married; in 1960 72% were married. In 2005 the average home price was $225,00. It is now $150,000, and will be $100,000 by 2016. 1 in 5 Florida homes sits vacant. New home construction approaches zero. 1 in 5 American men aged 25 to 34 lives with their parents. Health care costs are totally out of control, as is Medicaid and Medicare. ObamaCare will just make all this infinitely worse. We have 25% of the world prison inmates, but 5% of the population. We now have a police state far worse than China, North Korea, or Cuba. There are far more derivatives that the GNP of the entire planet. When these collapse the world economy goes down with them. 1 in 7 Americans has 10 or more credit cards. Credit card debt and default are at never-before-seen rates. Every man, women, child and infant in America owes a half million dollars in unfunded National Debt. The real National Debt is about $170 trillion, not $17 trillion (the entire GNP is only $14 trillion). Half of all Americans have less than $10,000 saved for retirement. Social Insecurity was broke decades ago. One in six of the elderly live below the poverty line. Half of all homes get some kind of gummint check. During Obama’s three years in office he accumulated more government debt that in the entire history of this country from George Washington. to when Bill Clinton took office. In a mere three years he accumulated more debt than in 216 years. This is incomprehensible. Only 1% of us farm for a living. During the Great Depression 25% of Americans were farmers. How and where are we going to get our food? Americans hog down more prescription drugs that anyone on earth. America spends HALF the entire worldwide war budget (with 5% of the world population) to attack other countries for no good reason at all. The entire War on Terror is a hoax. Al Qaeda is a media invention. The Taliban poses no threat to us at all. The Constitution and Bill of Rights have been flushed down the toilet. Every week more Marxist, totalitarian police state bills get quietly passed by Congress with no media coverage. Now explain how anything will get better. Quote MultiQuote Report Ads by Google Link to comment Share on other sites More sharing options...
Jayman Posted May 18, 2012 Share Posted May 18, 2012 cdmtdm If you are going to c&p text from other sites (which is fine by me) then please at least post the source. Link to comment Share on other sites More sharing options...
cdmtdm Posted May 18, 2012 Share Posted May 18, 2012 sure will do ... Link to comment Share on other sites More sharing options...
cdmtdm Posted May 18, 2012 Share Posted May 18, 2012 Source: http://www.economicrant.com/current-article.php Link to comment Share on other sites More sharing options...
cdmtdm Posted May 18, 2012 Share Posted May 18, 2012 http://www.hangthebankers.com/california-deficit-soars-to-16-billion/ a little more light reading on california Link to comment Share on other sites More sharing options...
farang000999 Posted May 18, 2012 Share Posted May 18, 2012 i guess all we need to do is refer back to bernanke's 2002 speech since he has definitely been following that game plan. Unless the Fed abandon's it's mandate on how much of the UST it can own, I suppose it will be time for more creative measures? perhaps municipal or student debt? helicopter drop? http://www.kingdomcalling.com/2012/02/03/is-ben-bernanke-planning-to-devalue-the-us-dollar-by-40/ Link to comment Share on other sites More sharing options...
cdmtdm Posted May 18, 2012 Share Posted May 18, 2012 nice read thanks Link to comment Share on other sites More sharing options...
Naam Posted May 18, 2012 Share Posted May 18, 2012 Now explain how anything will get better. a bunch of TV-members will get together, pool some of their resources and buy The Greatest Nation on Earth™. as simple as that. Link to comment Share on other sites More sharing options...
Naam Posted May 18, 2012 Share Posted May 18, 2012 and while the diversion is on Europe at the moment , lets not forget about the basket case in the US , hiding in the wardrobe ready to jump out at any moment .... what exactly are these basket cases and what happens when they jump out of their wardrobes? have u forgotten already? ..read back a few pages ..perhaps u are a yank and dont want to face up to the Basket case of an economy the USA is at the moment .... ziss àssumtchion of yewrs is not varranted. i am not a yank butt a Tchermann hoo has spent vizz his vife kvite a number of years (1989 till 2004) living as a retiree in ze souzvest of ze U.S. of A. vhere i never saw any ekonomikal basket kases butt met lotsa nice peeple. espeshully nice vere my amerikan naybours. Link to comment Share on other sites More sharing options...
Jayman Posted May 18, 2012 Share Posted May 18, 2012 Source: http://www.economicr...ent-article.php Wow.. from that same article at the bottom... sounds like these guys are serious investigative report types... Thanks for the info. "BARACK OBAMA IS A PROVEN HOMOSEXUAL COKEHEAD" Link to comment Share on other sites More sharing options...
Jayman Posted May 18, 2012 Share Posted May 18, 2012 and while the diversion is on Europe at the moment , lets not forget about the basket case in the US , hiding in the wardrobe ready to jump out at any moment .... what exactly are these basket cases and what happens when they jump out of their wardrobes? have u forgotten already? ..read back a few pages ..perhaps u are a yank and dont want to face up to the Basket case of an economy the USA is at the moment .... ziss àssumtchion of yewrs is not varranted. i am not a yank butt a Tchermann hoo has spent vizz his vife kvite a number of years (1989 till 2004) living as a retiree in ze souzvest of ze U.S. of A. vhere i never saw any ekonomikal basket kases butt met lotsa nice peeple. espeshully nice vere my amerikan naybours. Was there really any question of where Lt is from? Just look at his picture and read his posts. His condescension and arrogance should have been a dead give away. Even I used the phase "German Hype" just to get a rise out of him... lol.. so predictable. Link to comment Share on other sites More sharing options...
cdmtdm Posted May 18, 2012 Share Posted May 18, 2012 Source: http://www.economicr...ent-article.php Wow.. from that same article at the bottom... sounds like these guys are serious investigative report types... Thanks for the info. "BARACK OBAMA IS A PROVEN HOMOSEXUAL COKEHEAD" why would that surprise you ? Link to comment Share on other sites More sharing options...
cdmtdm Posted May 18, 2012 Share Posted May 18, 2012 and while the diversion is on Europe at the moment , lets not forget about the basket case in the US , hiding in the wardrobe ready to jump out at any moment .... what exactly are these basket cases and what happens when they jump out of their wardrobes? have u forgotten already? ..read back a few pages ..perhaps u are a yank and dont want to face up to the Basket case of an economy the USA is at the moment .... ziss àssumtchion of yewrs is not varranted. i am not a yank butt a Tchermann hoo has spent vizz his vife kvite a number of years (1989 till 2004) living as a retiree in ze souzvest of ze U.S. of A. vhere i never saw any ekonomikal basket kases butt met lotsa nice peeple. espeshully nice vere my amerikan naybours. sorry i never meant to insult you schultz .... did they boot you out or what ? Link to comment Share on other sites More sharing options...
Naam Posted May 18, 2012 Share Posted May 18, 2012 Sure Naam the Euro Crisis will not effect the price of Gold... you mean the crisis in Europe did not cause the price of Gold to drop and will also not affect Gold in future? Like it or not the gold price was going down with the Euro and other commodities. Yesterday there was a bounce. Whether or not this was as the result of an anticipated QE response to the current crisis, gold has behaving as a volatile asset, not at all what many are wanting. The $US is currently having a very nice run as the place of safety. today dear children, our lesson deals with fiction and facts. we all know there's fiction and there are facts. let's try to verify the claim "the gold price was going down with the €URO" by looking at EUR/USD as well as AU/USD, period year-to-day and then compare: 01-jan-2012 EUR USD 1.2925 18-may-2012 EUR USD 1.2650 EUR down vs. USD..................... -2.13% 01-jan-2012 AU USD 1,570 18-may-2012 AU USD 1,590 GOLD up vs. USD....................... +1.27% result: claim could not be verified, fact "it's the other way round." Link to comment Share on other sites More sharing options...
Naam Posted May 18, 2012 Share Posted May 18, 2012 sorry i never meant to insult you schultz .... did they boot you out or what ? in ziss respekt too, zee ozzer vay round applies. vee booted zem, shtopped paying fansy tax munney to zee IRS as well as fanzy property taxes to ze kounty and live happily sins nearly eight years free of inkome tax and free of property tax in ze Land of Smiles. Link to comment Share on other sites More sharing options...
cdmtdm Posted May 18, 2012 Share Posted May 18, 2012 Link to comment Share on other sites More sharing options...
Naam Posted May 18, 2012 Share Posted May 18, 2012 Was there really any question of where Lt is from? Just look at his picture and read his posts. His condescension and arrogance should have been a dead give away. Even I used the phase "German Hype" just to get a rise out of him... lol.. so predictable. little people with little money, little knowledge but with a wealth of no idea and wet dreams can't get "a rise out of" somebody who is "established". Link to comment Share on other sites More sharing options...
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