Where Is Gold Going In This Market

[Jayman]

Last post.

a true relief.

regarding the currency wars, I have a question to ask that's of totally secondary importance: "where is gold going in this market"?

Was this not clear?

or, to answer the question another way... Where is gold going in this market? It's going into the pockets of those with the foresight to buy it.

Edited October 20, 2012 by Jayman

[yoshiwara]

Except that nobody would have sat on currency notes all that time.

So totally f******* useless really.

[binjalin]

anyway ladies... let's cut through the 'noise' time to buy back? or more tanking to come in next few weeks?

[midas]

anyway ladies... let's cut through the 'noise' time to buy back? or more tanking to come in next few weeks?

This guy uses lots of graphs and charts to explain why he thinks gold is in a bubble except he believes the bubble is only starting now

If you don't want to watch the whole thing is worth skipping along to the end at about 28 min to see to see where the price of gold is now on the bubble graph

!

Edited October 21, 2012 by midas

[cloudhopper]

Excellent Midas thanks. I don't think that a hyper-inflationary currency crisis phase is inevitable but that is not the only scenario favorable to gold.

NB The author fails to mention that even those clever traders selling their gold at the 'peak' i.e. for maximum fiat value, could still lose everything rapidly in the following currency destruction.

It may not be that long before wealth is once again measured in things of intrinsic value, of which gold is far from the only example.

[metisdead]

A trolling nonsense session has been removed.

[midas]

Excellent Midas thanks. I don't think that a hyper-inflationary currency crisis phase is inevitable but that is not the only scenario favorable to gold.

NB The author fails to mention that even those clever traders selling their gold at the 'peak' i.e. for maximum fiat value, could still lose everything rapidly in the following currency destruction.

It may not be that long before wealth is once again measured in things of intrinsic value, of which gold is far from the only example.

fair comment cloudhopper

talking about currency destruction I was quite surprised to learn this phenomenon about bank destruction

is still happening

this used to be flying’s area of expertise and he used to monitor this on a weekly basis

The Federal Deposit Insurance Corp. or FDIC, announced Friday the shuttering of three banks, two in Florida, and one in Missouri, taking the count of total U.S. bank closures in 2012 to 46,

http://www.rttnews.c...hree-banks.aspx

Edited October 21, 2012 by midas

[yoshiwara]

Excellent Midas thanks. I don't think that a hyper-inflationary currency crisis phase is inevitable but that is not the only scenario favorable to gold.

NB The author fails to mention that even those clever traders selling their gold at the 'peak' i.e. for maximum fiat value, could still lose everything rapidly in the following currency destruction.

It may not be that long before wealth is once again measured in things of intrinsic value, of which gold is far from the only example.

Loose translation: If you didn't sell and instead are kicking yourself, then don't worry, the cavalry is on its way!

[mccw]

Excellent Midas thanks. I don't think that a hyper-inflationary currency crisis phase is inevitable but that is not the only scenario favorable to gold.

NB The author fails to mention that even those clever traders selling their gold at the 'peak' i.e. for maximum fiat value, could still lose everything rapidly in the following currency destruction.

It may not be that long before wealth is once again measured in things of intrinsic value, of which gold is far from the only example.

I think he's saying the mania period which is about to come will be concurrent with the debt / bond bubble bursting; the decline would only start after the "solution" (however that might arise eg, gold standard, new currency, massive inflationary period or whatever) had presented itself and the gold began the sell off phase only after it was deemed safe to convert back in to the newly stabilised system.

[edgarfriendly]

A trolling nonsense session has been removed.

So you say, yet i still see a load of absolute shit posts by absolute idiots...

surely causing a moderator to delete posts warrants a ban...?

proof that 2400+ posts does not mean someone is worth reading / listening to

[JSixpack]

Entertaining article on the old days of free banking in the USA:

http://www.bloomberg.com/news/2012-10-19/when-banks-were-able-to-print-their-own-money-literally.html

[Naam]

anyway ladies... let's cut through the 'noise' time to buy back? or more tanking to come in next few weeks?

tanking? how many times do globally renowned experts cum successful investors/fund managers and resident learned TV-members have to tell you that Gold can only go up? are you forgetting that Gold was for thousands of years the only protection of wealth? if Gold goes down vs. some worthless fiat money it's because of criminal actions and conspiracies by various dark forces.

[Jayman]

anyway ladies... let's cut through the 'noise' time to buy back? or more tanking to come in next few weeks?

tanking? how many times do globally renowned experts cum successful investors/fund managers and resident learned TV-members have to tell you that Gold can only go up? are you forgetting that Gold was for thousands of years the only protection of wealth? if Gold goes down vs. some worthless fiat money it's because of criminal actions and conspiracies by various dark forces.

You do realize how foolish you look repeating that over and over like an old fool. Only you and tweedle dumber keep saying that.

[yoshiwara]

tweedle dumber

Is that me?

[Jayman]

tweedle dumber

Is that me?

Yes

But seems you already know that.

Edited October 22, 2012 by Jayman

[yoshiwara]

tweedle dumber

Is that me?

Yes

But seems you already know that.

I am honoured.

[Naam]

Gold surges $5.30/ounce today. wide spread buying by central banks? Hindu mating season ante portas?

[edgarfriendly]

tweedle dumber

Is that me?

Ha!!

I thought he was on about cloudhopper for some reason, maybe just the double barrelled name..

It speaks volumes that you're aware of how you come across.

Have you really nothing better you could be doing?

[Jayman]

http://www.telegraph.co.uk/finance/financialcrisis/9626542/Japan-to-join-currency-wars-as-exports-slump.html

Japan to join currency wars as exports slump

Japan is poised to join the world's "currency wars" as it battles a triple crisis of crashing exports, recession and a suffocatingly-strong yen.

[midas]

http://www.telegraph...orts-slump.html

Japan to join currency wars as exports slump

Japan is poised to join the world's "currency wars" as it battles a triple crisis of crashing exports, recession and a suffocatingly-strong yen.

This is not going to be good for Japans economy either ……… Fukushima Unit 4 Is Sinking (Unevenly)

Hiroaki Koide, Kyoto University Reactor Research Institute: There are a lot of problems and Tepco and Japanese government state they are going to pick the melted fuel up someday, somehow. I personally think it’s impossible. Because there is no solution, we will have to give it up. We will have to build stone coffin like Chernobyl for reactor 1, 2 and 3. However, at least they must remove the fuel assemblies on the bottom of spent fuel pools somehow before building stone coffin.

http://enenews.com/j...get-melted-fuel

The Greatest Single Threat to Humanity: Fuel Pool Number 4

http://www.washingtonsblog.com/2012/04/the-largest-short-term-threat-to-humanity-the-fuel-pools-of-fukushima.html

Edited October 23, 2012 by midas

[cloudhopper]

Heh old GWs blog is a bit too tin foil hat even for me but it's always a fun read. Here's another one about Japan - should probably be on the FC thread though -

http://www.zerohedge.com/news/2012-10-22/japanese-government-demands-boj-do-qe-9-one-month-after-failed-qe-8

[midas]

Heh old GWs blog is a bit too tin foil hat even for me but it's always a fun read. Here's another one about Japan - should probably be on the FC thread though -

http://www.zerohedge...ter-failed-qe-8

Even if you think that about GW , if it is sinking unevenly they will have to close it down and the effect on the world's third biggest economy will not be good......

The Japan Institute for Energy Economics has warned that keeping nuclear reactors mothballed could limit GDP growth to just 0.1 per cent this year, as manufacturers cut back production while paying higher prices for crude.

http://www.thehindu....icle3391100.ece

Edited October 23, 2012 by midas

[Naam]

The Greatest Single Threat to Humanity: Fuel Pool Number 4

that will drive the gold price to unseen heights.

[Naam]

Japan is poised to join the world's "currency wars" as it battles a triple crisis of crashing exports, recession and a suffocatingly-strong yen.

another reason why gold will be soon a godzillion dollars per metric ton.

[Naam]

one really doesn't have to think hard who real tweedle dumbers are in this gold thread.

[churchill]

'The court of auditors has now demanded regular audits of Germany’s foreign gold reserves. The last audits from New York were from 1979/1980. The Bundesbank has since been let into the vault, but not allowed to open the boxes in which the bars are stored, something that has obviously stokes suspicions.'

http://ftalphaville.ft.com/2012/10/23/1224511/counting-das-gold-at-fort-knox/?utm_source=dlvr.it&utm_medium=twitter

[Naam]

'The court of auditors has now demanded regular audits of Germany’s foreign gold reserves. The last audits from New York were from 1979/1980. The Bundesbank has since been let into the vault, but not allowed to open the boxes in which the bars are stored, something that has obviously stokes suspicions.'

http://ftalphaville...._medium=twitter

except for the Omegaville journàsslistic inventions "Germany wants to audit its gold held abroad" and "the Bundesbank was not allowed..." the report, whatever little is left, is correct. not "Germany" wants to audit but two German MPs demanded to "see and verify" Germany's physical gold stored abroad. they were told by Bundesbank officials that it is impossible for two lo(o)ne MPs, playing Holmes and Watson, to shuffle around and check approximately 270,000 bars of gold each weighing 12.5 kilograms.

moreover, the translation "court of auditors" is correct albeit misleading. the "Bundesrechnungshof" audits government expenses, criticises, suggests and advises but has (unfortunately) no power whatsoever to enforce any of its suggestions.

by the way, reading its annual report causes the blood boil of any German taxpayer!

[ppam888]

Gold is taking a beating. But didnt US companies miss earnings? surely - companies make less money >> hire less workers >> unemployment >> stimulus??

Also havent most investors already come out of Euro to US?

[mania]

Gold is taking a beating.

Historically 2nd half of Octobers

[yoshiwara]

tweedle dumber

Is that me?

Ha!!

I thought he was on about cloudhopper for some reason, maybe just the double barrelled name..

It speaks volumes that you're aware of how you come across.

Have you really nothing better you could be doing?

Pricking the presumptiousness of gold bugs who think they own a thread about gold is useful enough.