Godlike Productions - Conspiracy Forum
Users Online Now: 2,121 (Who's On?)Visitors Today: 1,087,495
Pageviews Today: 1,529,375Threads Today: 349Posts Today: 8,417
02:37 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

GOLD CARSHING - currently under 1300 - target sub 1000

 
Anonymous Coward
User ID: 31403648
United Kingdom
06/20/2013 06:05 AM
Report Abusive Post
Report Copyright Violation
GOLD CARSHING - currently under 1300 - target sub 1000
Gold getting smashed together with larger market.

Prospect of taper and interest rate rises is the catalyst.

It seems that gold bugs never understood that we were in a deflationary environment not inflationary.

The battle against deflation was a battle was trying to fight with QE - and he has lost.
Anonymous Coward
User ID: 1073423
United Kingdom
06/20/2013 06:07 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
It'll go back up again. Rapidly and to never before seen highs.

BTD.
Anonymous Coward
User ID: 41415798
United Kingdom
06/20/2013 06:08 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
Silver is under 20. Ahahahahaha.

CANT EAT GOLD AND SILVER!

cruise
Anonymous Coward (OP)
User ID: 31403648
United Kingdom
06/20/2013 06:10 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
It wont - it cannot really.

It will see sub 1000 before it sees anything else.

Deflation is rampant in our economy and any money the fed prints is only drop in the ocean compared to the credit that is being deleveraged from the economy.

It is a shame because anyone holding physical has been wiped out - shame because their view was far too simplistic.
Anonymous Coward
User ID: 32908345
United States
06/20/2013 06:10 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
[link to www.monex.com]

Bullshit. Its @ 1342.
Anonymous Coward (OP)
User ID: 31403648
United Kingdom
06/20/2013 06:12 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
Not anymore

[link to www.marketwatch.com]
Anonymous Coward
User ID: 1073423
United Kingdom
06/20/2013 06:15 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
Can't dig it outa the fucking ground for that price, which means that all hell is about to break loose.

Everything is GONNA Car$H ...
Anonymous Coward (OP)
User ID: 31403648
United Kingdom
06/20/2013 06:16 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
Silver currently under $20.

Ugly stuff.
Anonymous Coward (OP)
User ID: 31403648
United Kingdom
06/20/2013 06:17 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
Share prices for gold miners in Australia are getting hammered and have been at their lows for a long time.

Some producers will survive even with gold sub 1000 but many will not. All depends what there cost of production is.
Anonymous Coward (OP)
User ID: 31403648
United Kingdom
06/20/2013 06:20 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
If you look at the attached graph.

[link to www.google.co.uk (secure)]

All those people lining up to but gold recently were caught in the classic bull trap. We are now in the fear area.

This is to be followed by capitulation.
Anonymous Coward
User ID: 39726675
United States
06/20/2013 06:21 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
If deflation is going on have you been to the gas pump? Have you been to the grocery store? Have you seen college tuition costs?
Anonymous Coward
User ID: 42019493
United States
06/20/2013 06:23 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
Glad I sold when it was over 1600. Not to mention that Fuku. Rads can attach to it.
Anonymous Coward (OP)
User ID: 31403648
United Kingdom
06/20/2013 06:26 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
Food is as cheap as it ever was. If you live in the US - I have seen your food prices they are as cheap as anywhere in the western world.

Food prices have not really risen here in the UK for the past 5 years. Trust me I keep a close watch on this.

Australia has seen a massive increase - but only because their resilient mining based economy has protected them somewhat from the GFC.

Fuel - linked to oil is different matter. Prices rise due peak oil and the prospect of a global recovery.

I am talking about consumer spending - credit etc etc. People cannot spend if they do not have income - if they dont spend prices drop to a point where people will buy goods again .

We are not yet at that point.
Anonymous Coward (OP)
User ID: 31403648
United Kingdom
06/20/2013 06:30 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
Silver futures currently down 7.4%

Insane!!
Anonymous Coward
User ID: 32909022
United States
06/20/2013 06:33 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
Silver futures currently down 7.4%

Insane!!
 Quoting: Anonymous Coward 31403648


Printing was the hedge against deflation. But deflation must happen and it will. Will see many rich people jumping out of windows in the near future since we can't print their assets values up.
Anonymous Coward
User ID: 31614390
United States
06/20/2013 06:39 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
So you think Bernanke won't print anymore and this cycle is over? He wants to see the stock market drop 200+ points a day until it is at 0?
Anonymous Coward (OP)
User ID: 31403648
United Kingdom
06/20/2013 06:39 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
We are in for a pretty large correction on the markets this summer - whether it turns out to be the beginning o the next bear market is still to be seen.

But either way precious metals are finished.

It is almost like the powers that be having the last laugh at all the prepers.
Anonymous Coward (OP)
User ID: 31403648
United Kingdom
06/20/2013 06:42 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
Bernanke will be leaving the fed in a few months.

He will be replaced by Yellen. Her agenda may well be the same as Bernankes.

But e point is that Japan have pumped multiple amounts more than the US has into their economy to fight inflation - and it has not worked to beat it.

Whether QE continues or not does not matter - the markets will correct this summer and bring precious metals down with it.

Gold and silver fall when the market falls. Not the other way around.
Anonymous Coward
User ID: 41228153
United States
06/20/2013 06:43 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
Food is as cheap as it ever was. If you live in the US - I have seen your food prices they are as cheap as anywhere in the western world.

Food prices have not really risen here in the UK for the past 5 years. Trust me I keep a close watch on this.

Australia has seen a massive increase - but only because their resilient mining based economy has protected them somewhat from the GFC.

Fuel - linked to oil is different matter. Prices rise due peak oil and the prospect of a global recovery.

I am talking about consumer spending - credit etc etc. People cannot spend if they do not have income - if they dont spend prices drop to a point where people will buy goods again .

We are not yet at that point.
 Quoting: Anonymous Coward 31403648


Food is cheap? The fuck food is cheap it's climbed over 30% in less than 6 months.
Anonymous Coward
User ID: 31614390
United States
06/20/2013 06:44 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
We are in for a pretty large correction on the markets this summer - whether it turns out to be the beginning o the next bear market is still to be seen.

But either way precious metals are finished.

It is almost like the powers that be having the last laugh at all the prepers.
 Quoting: Anonymous Coward 31403648


So then you are saying no to Bernanke printing anymore to prop up the market and he is now going to let it fall apart? He is going to triple if not quadruple the bond purchases.
Anonymous Coward (OP)
User ID: 31403648
United Kingdom
06/20/2013 06:44 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
It is still cheap - how much is a big mac where you live?
Anonymous Coward (OP)
User ID: 31403648
United Kingdom
06/20/2013 06:46 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
does not mtter if he keeps printing - it is such small amount compared to the amount of money that is leaving he market via credit deleveraging

Look at Japan - they have printed so so much more than the US and it is doing nothing and the bond markets know this.
Anonymous Coward
User ID: 31614390
United States
06/20/2013 06:49 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
does not mtter if he keeps printing - it is such small amount compared to the amount of money that is leaving he market via credit deleveraging

Look at Japan - they have printed so so much more than the US and it is doing nothing and the bond markets know this.
 Quoting: Anonymous Coward 31403648


No one is taking yen. When people stop taking dollars inflation will be like Japans. Why are Chinese people waiting for hours to try and buy gold?

Stop trying to down play what is going on. Paper gold is going down, Physical buying is going up that is a fact!
Anonymous Coward (OP)
User ID: 31403648
United Kingdom
06/20/2013 06:51 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
This is what frusrates me about gold bugs - they pile into physical and tell unsuspecting people to do the same - but have no real economic undertanding.

The powers that be are far more educated and intelligent that your average "i think the world is going to fall over - buy gold" bug.

THese people understand how the economy works better than anyone else - and if it all does fall over and unwind then it will be due to deflation NOT inflation. That is why QE exists - to fight deflation - and it is not working.
Anonymous Coward (OP)
User ID: 31403648
United Kingdom
06/20/2013 06:54 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
"People in Chine lining up" - lol

Is that your buy signal?!

As I said we are in the FEAR area of a classic bubble collapse.

The chinese people lining up were the sheeple being bull trapped as the sophisticates offloaded to them.
Anonymous Coward
User ID: 31614390
United States
06/20/2013 06:54 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
This is what frusrates me about gold bugs - they pile into physical and tell unsuspecting people to do the same - but have no real economic undertanding.

The powers that be are far more educated and intelligent that your average "i think the world is going to fall over - buy gold" bug.

THese people understand how the economy works better than anyone else - and if it all does fall over and unwind then it will be due to deflation NOT inflation. That is why QE exists - to fight deflation - and it is not working.
 Quoting: Anonymous Coward 31403648


Who do you think the next big power is going to be US or China?

This is what they are doing!

[link to www.zerohedge.com]

The government is telling them to buy gold! United States government said to buy houses at the top!

Come on man its not about being a gold bug or prepper it is about protecting against the rest of the world when they say no to the dollar!
Anonymous Coward (OP)
User ID: 31403648
United Kingdom
06/20/2013 06:59 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
We are no doubt in a massive geopolitical upheaval at the moment.

But that will not prevent gold from falling to fair value- which is around $800 give or take. IT will likely spike below for a period.

THis is going to take a very long time to play out - years and years not months and months.

If the dollar disappears it will unlikely be replaced by gold and in any case it will take a very very long time before we get to that point.

So gold will just sit in the safe and the opportunity cost faced buy its holders in not being able to take advantage of other opportunities will be redonkulous.
Anonymous Coward
User ID: 31614390
United States
06/20/2013 06:59 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
Don't be surprised if they start bombing Syria!
aqmah

User ID: 2944501
United Arab Emirates
06/20/2013 07:01 AM

Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
lets say DOOM?
Anonymous Coward (OP)
User ID: 31403648
United Kingdom
06/20/2013 07:01 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
Wont matter - gold will take a corrective bounce but its trend will be down for a while yet.

If I was holding I would sell the bounce.

You can always buy a lot lower later on and rid yourself of any anxiety in the meantime.
Anonymous Coward
User ID: 31614390
United States
06/20/2013 07:05 AM
Report Abusive Post
Report Copyright Violation
Re: GOLD CARSHING - currently under 1300 - target sub 1000
Wont matter - gold will take a corrective bounce but its trend will be down for a while yet.

If I was holding I would sell the bounce.

You can always buy a lot lower later on and rid yourself of any anxiety in the meantime.
 Quoting: Anonymous Coward 31403648


Agree to disagree aside, $800 was the high in the 70's now are we saying there is zero inflation from that point till now that the price at the high should be the same as fair value?

News








Proud Member Of The Angry Mob