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Why is the Dollar up big & Gold at same time!!!!1
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Confused
User ID: 648
11/3/2009 11:47 AM
Report abusive post | Why is the Dollar up big & Gold at same time!!!!1
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Somebody please explain!!!!!!
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Anonymous Coward
User ID: 648 (OP)
11/3/2009 11:48 AM | |
Anonymous Coward
User ID: 65489
11/3/2009 11:50 AM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
looking at a long term dollar chart shows that the dollar is down big not up. |
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Anonymous Coward
User ID: 648 (OP)
11/3/2009 11:51 AM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
looking at a long term dollar chart shows that the dollar is down big not up. Quoting: Anonymous Coward 65489
duh...i am talking about the relationship.
Like today!!!!
Not the past.
Usually gold is up when the dollar is down. |
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Anonymous Coward
User ID: 751857
11/3/2009 11:52 AM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
Look at the exchange rates at the bottom. . . .
[link to www.kitco.com]
All the other fiats are crashing faster than the dollar |
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Anonymous Coward
User ID: 770865
11/3/2009 11:52 AM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
Flight to "safety" last night from Europe?? RBS got bailed out last night. |
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all2human
User ID: 787809
11/3/2009 11:55 AM
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Somebody please explain!!!!!!
signaling trend shift. |
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Anonymous Coward
User ID: 743646
11/3/2009 11:55 AM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
Decoupling, it had to happen.
It is a good thing. We need it to clean out the crap. |
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Anonymous Coward
User ID: 770865
11/3/2009 11:57 AM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
Decoupling, it had to happen.
It is a good thing. We need it to clean out the crap. Quoting: Anonymous Coward 743646
+1 |
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Anonymous Coward
User ID: 809471
11/3/2009 11:58 AM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
Somebody please explain!!!!!!
today there is some event going on in gold and silver that is unique to those markets and they are moving independently of everything else. |
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Anonymous Coward
User ID: 809493
11/3/2009 12:01 PM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
IMF just sold 200tn of gold to to India. That's why both $ and gold are up |
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Anonymous Coward
User ID: 802743
11/3/2009 12:01 PM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
AC 770865 .... Is THAT your HAT SIZE, OR, your IQ ? |
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Anonymous Coward
User ID: 809493
11/3/2009 12:03 PM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
Something's going on, here. The sharp rise in gold to a record high today in the face of a higher Dollar is indicative that things are going on behind the scenes. Earlier today, Bloomberg published an article that Jim Sinclair considers to be very bullish (favorable) for the yellow metal.
IMF Sells Gold to India, First Sale in Nine Years (Update2)
[link to Do_not_use_this.com] |
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Anonymous Coward
User ID: 744028
11/3/2009 12:04 PM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
Somebody please explain!!!!!!
Somebody knows something.....something big about to blow
flight to safety>>>>> dollar and gold, ususally these 2 are inverse, but both going up says something is about to go down |
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Anonymous Coward
User ID: 770865
11/3/2009 12:05 PM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
AC 770865 .... Is THAT your HAT SIZE, OR, your IQ ? Quoting: Anonymous Coward 802743
Thats how many bullets it would take to take you down... |
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..
User ID: 399496
11/3/2009 12:06 PM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
The Dollar is up compared ..
Too Other Paper currencies..
Gold is up because..
The Dollar is still Crap ..
.. |
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Anonymous Coward
User ID: 809493
11/3/2009 12:08 PM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
Mumbai: The Reserve Bank of India, or RBI, is buying 200 tonnes of gold from the International Monetary Fund (IMF), nearly half of what the fund plans to sell.
In 1991, when India faced its worst ever balance of payment crisis, the country had to pledge 67 tonnes of gold to Union Bank of Switzerland and Bank of England to raise $605 million (Rs2,843.5 crore today) to shore up its dwindling foreign exchange reserves, which were then barely enough to buy two weeks of imports. India’s foreign exchange reserves were at $1.2 billion in January 1991 and by June, they were depleted by half. Currently, the Indian central bank’s foreign exchange reserves stand at $285.5 billion.
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RBI’s foreign exchange reserves consist of foreign currency assets, gold, special drawing rights (SDR)—an international reserve currency floated by IMF—and RBI funds kept with IMF.
Out of RBI’s $285.5 billion foreign exchange reserves, foreign currency assets account for the most—$268.3 billion—followed by gold ($10.3 billion), SDR ($5,267 million) and reserve position in the IMF ($1,589 million).
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At the current market value of $1,054 an ounce, or per 28.5g, RBI would need to spend about $7.4 billion to buy 200 tonnes of gold. With this, its gold reserve will rise to $17.716 billion, or roughly 6.20% of the total reserves.
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Traditionally, India has been the largest importer of gold, with imports ranging between 400 and 800 tonnes a year between 2000 and 2008. In the first half of 2009, gold imports have fallen drastically to 51 tonnes, according to the country’s apex bullion body the Bombay Bullion Association. |
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Anonymous Coward
User ID: 809369
11/3/2009 12:10 PM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
Its called systemic crash. Another indicator of DOOM for the US Dollar. |
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Anonymous Coward
User ID: 809493
11/3/2009 12:11 PM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
From the Wall Street Journal on Tuesday (our emphasis):
THE International Monetary Fund has sold 200 tonnes of gold to the Reserve Bank of India, nearly half the total approved by the IMF executive board in September. Proceeds from the off-market sale amounted to .7 billion ($7.4bn), or 4.2 billion of special drawing rights, or SDR, a combination of currencies, the IMF said. Payment is expected to be in major currencies that make up the SDR. IMF managing director Dominique Strauss-Kahn welcomed the transaction as an important step toward achieving the objectives of the gold sales program, namely “to help put the fund’s finances on a sound long-term footing and enable us to step up much-needed concessional lending to the poorest countries”.
Which appears to explain gold’s recent unusual and simultaneous moves against the four main currencies that comprise the SDR basket: the dollar, the yen, sterling and the euro.
We speculate India might indeed be the first country to use its SDRs for currencies to buy IMF gold, although that’s not to say other reserves haven’t had the same idea with gold generally. |
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Anonymous Coward
User ID: 802743
11/3/2009 12:13 PM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
AC 770865 ... On the other hand, one can tell from how 'brave' you are, that your MOUTH is a LOT bigger than your BRAIN ! |
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Stone McBrick
User ID: 782311
11/3/2009 12:16 PM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
The Dollar is up compared ..
Too Other Paper currencies..
Gold is up because..
The Dollar is still Crap ..
.. Quoting: .. 399496
Yes. Yes and Yes. |
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Anonymous Coward
User ID: 770865
11/3/2009 12:18 PM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
AC 770865 ... On the other hand, one can tell from how 'brave' you are, that your MOUTH is a LOT bigger than your BRAIN ! Quoting: Anonymous Coward 802743
Look who's talking... |
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mothra
User ID: 803305
11/3/2009 12:21 PM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
The big banks have been selling precious metals they don't have. Now they are raising cash trying to buy PMs on the open market which strengthens the dollars temporarily. The end result is the doom oft written about herein. |
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f.b.nyte
User ID: 518744
11/3/2009 12:34 PM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
I posted this on another thread so sorry if some of you have already seen it.
[link to www.prweb.com]
(Vocus/PRWEB ) November 3, 2009 -- Best-selling author Daniel Estulin states that the key issue to be discussed this week at the G20 Finance Ministers and Central Bank Governors Meeting, being held in St. Andrews, Scotland, is how to bring down the present world financial system through dumping the US dollar. Estulin first reported on this initiative as being deliberated at the most recent Bilderberg meeting held in Greece in May 2009. Estulin says that the success or failure of this callous plan hinges on the ability of the US and UK representatives to convince the Russian, the Chinese and other national governments to go along with their scheme.
Estulin maintains that if the co-conspirators succeed, such sudden devaluation of the US dollar would result in the sinking of the world economy through a chain-reaction collapse of the entire world’s financial system. As discussed during the Bilderberg Group’s super-secret conclave back in May, this breakdown would then be used as an excuse to launch a new world monetary system. G20 leaders are aware that those who run the monetary markets, the monetary system, control the world. That is why today, the world is run through a dominant one-currency monetary system and not by national credit systems.
A severe breakdown crisis would affect every corner of the world and be a prelude to instability, wars and general hostility along financial, geographical and geopolitical lines, affecting not only particular countries but also societies, cultures and whole continents. Such a breakdown could result in a consolidation of the world’s monetary system.
More at liink. |
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GlassPearls 
GlassPearls
User ID: 613866
11/3/2009 12:38 PM
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Western PTB are losing what control remains of the metals markets. They are no match when push comes to shove. JPM can try all they want, but even they will be overwhelmed.
For those that may not know, JPM is massively short metals. |
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Anonymous Coward
User ID: 802743
11/3/2009 12:54 PM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
JPM = JEW banksters, keeping YOU working for them through USURY and paper FIAT money ! |
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Anonymous Coward
User ID: 802743
11/3/2009 12:55 PM | | Re: Why is the Dollar up big & Gold at same time!!!!1 | Quote |
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