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06:41 AM
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GOLD WILL NEVER REACH $1900!
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 1501235:MV8xNTkxMDgxXzI2MzAyMzg1X0I2RUJGNzg0] [quote:Punk-A$$ets] [quote:Anonymous Coward 1501235] [quote:Punk-A$$ets] [quote:Anonymous Coward 1494370] [quote:Punk-A$$ets] I think we are close to a bubble in gold, yes. Bet youre all surprised. Gold will likely still double and triple or "whatever" from here. The rise is nowhere near done IMO. Margin hikes will kill this rally short term I think. Then gold might trade sideways for a long time. There isnt anything to make gold go down that i can see, short of some serious deflation that gold cant even thwart. But that means oil at $30 and much cheaper living and thats a good thing for my customers. So, I win anyway. In the end, I have made enough money already so that if the whole "gold" thing comes down its fine with me. I took profit the whole way up. Most didnt. [/quote] I don't think you have a clue, by your posts through this thread. You bounce around idea to idea that best fits the time you are..... [/quote] I dont have a clue. You're right about that. And neither does anyone else. Why else would I be 50% gold and 50% cash as I have so often said here and every other forum I belong to? I think it would be insanity to be all in cash. I think it would be insanity to be all gold. In my opinion I am playing things as safely as one can. Damned if you do and damned if you dont. Wo knows the future? No one. [/quote] But the problem with that paper is that the trend is devaluation. Not just here but globally. I no longer have faith in any paper anything. It's a tough situation we're in. I'd probably figure out some other asset to be in besides cash. Like maybe put in a solar system or windmill... Anything but paper. [/quote] Yes, but remember what I do with that paper. Its the dry powder I buy the dips in gold with. I have no doubt that the FED will succeed in creating runaway inflation. Thankfully our biz is once again going gang busters. On the next correction (gawd, i hope soon) I'll have a serious new stash. Most people chase the highs. I buy the very lows and if my initial low isnt right, I buy again on the further low. This method has served me well so far. [/quote] Dang. You might be right... LOS ANGELES (MarketWatch) -- U.S. exchange operator CME Group CME said late Wednesday it is raising the margin requirements for trade in a wide range of gold products, effective Thursday. http://silvergoldsilver.blogspot.com/ [/quote]
Original Message
Never, you fucking hear that! NEVER!
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