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Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?

 
Philippines
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User ID: 1003925
Philippines
10/29/2010 01:44 PM
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Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
Interesting to see the US dollar losing ground yet again as the dollar index goes back towards a downward trend:

[link to quotes.ino.com]

(77.191 at the time of posting)

Meanwhile, gold is rising due to "predominant buying" (icrease of usd 11.80 as of now) on Kitco, with the dollar value weakening (increasing +1.40 usd as of now)

[link to www.kitco.com]

-- What will next Monday/Tuesday bring?

damned
Separate science and government.
Stu

User ID: 1134640
United States
10/29/2010 01:46 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
higher gas prices
_____________________________________
Even the structure of the atom has been found by the mind. Therefore the mind is subtler than the atom. That which is behind the mind, namely the individual soul, is subtler than the mind.

-Ramana
Philippines  (OP)

User ID: 1003925
Philippines
10/29/2010 02:02 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
higher gas prices
 Quoting: Stu


Yeah, probably, as that should increase as the us dollar drops.
Separate science and government.
Dolomite
User ID: 1146007
Canada
10/29/2010 02:21 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
So What??? The Dollar has been dropping and gold has been rising for the last 10 years!!!!
Stu

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United States
10/29/2010 02:22 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
run to gold and silver is a fear indicator and a frontrun to more printing of Benny Bucks
_____________________________________
Even the structure of the atom has been found by the mind. Therefore the mind is subtler than the atom. That which is behind the mind, namely the individual soul, is subtler than the mind.

-Ramana
Anonymous Coward
User ID: 1144116
United States
10/29/2010 02:24 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
With the cost of food up 40% and clothing up 20% and gas way up, education cost up by 40% buying gold is a joke anyways.
Anonymous Coward
User ID: 961432
United States
10/29/2010 02:27 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
With the cost of food up 40% and clothing up 20% and gas way up, education cost up by 40% buying gold is a joke anyways.
 Quoting: Anonymous Coward 1144116


Yeah why buy anything that keeps up with inflation.

crazy
Anonymous Coward
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United States
10/29/2010 02:27 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
This is just the warmup for what's to come after the election on Tuesday. They don't want us to know the banks need another bailout. QE2 is what they are calling it.
Got popcorn? We might be living on it before winter is over.
Anonymous Coward
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United States
10/29/2010 02:28 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
With the cost of food up 40% and clothing up 20% and gas way up, education cost up by 40% buying gold is a joke anyways.


Yeah why buy anything that keeps up with inflation.

crazy
 Quoting: Anonymous Coward 961432


Inflation is only up 1 % this year. Look it up. The above mentioned is different.
Stu

User ID: 1134640
United States
10/29/2010 02:28 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
if we get any seriuos inflation soon....it will be the final dagger in the heart of the economy because people are hanging on at the margin
_____________________________________
Even the structure of the atom has been found by the mind. Therefore the mind is subtler than the atom. That which is behind the mind, namely the individual soul, is subtler than the mind.

-Ramana
Anonymous Coward
User ID: 961432
United States
10/29/2010 02:32 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
With the cost of food up 40% and clothing up 20% and gas way up, education cost up by 40% buying gold is a joke anyways.


Yeah why buy anything that keeps up with inflation.

crazy


Inflation is only up 1 % this year. Look it up. The above mentioned is different.
 Quoting: Anonymous Coward 1144116


You are a moran. Inflation is defined (at least sanely defined) by expansion of the monetary base. If you include some useless basket of items in the inflation number it is easily manipulated and gamed by those who want you to remain clueless.

For instance energy is increasing in cost, grains have gone up over 60% in the past 4 months that means food items will increase by at least that much, but housing prices are still declining due to low wages and a housing glut not to mention outright fraud for title transfers by the banks. So when you include certain items in the CPI it is easy to manipulate the numbers as you want.

Expansion of the monetary base however always causes inflation in the cost of commodities and items people need to survive. This is stagflation going into hyperstagflation that means deflation in housing and non essential durable goods and hyperinflation in energy and food, things people need to survive.

Precious metals will continue to appreciate against the dollar since it is being debased.
Anonymous Coward
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United States
10/29/2010 02:34 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
With the cost of food up 40% and clothing up 20% and gas way up, education cost up by 40% buying gold is a joke anyways.


Yeah why buy anything that keeps up with inflation.

crazy


Inflation is only up 1 % this year. Look it up. The above mentioned is different.


You are a moran. .
 Quoting: Anonymous Coward 961432



Another mindless baboon! think what you want sport. Buying gold is for chumps
Stu

User ID: 1134640
United States
10/29/2010 02:35 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
dont forget awful Xmas sales will be wiping out more reatilers and jobs.....many get their nut this time of year
_____________________________________
Even the structure of the atom has been found by the mind. Therefore the mind is subtler than the atom. That which is behind the mind, namely the individual soul, is subtler than the mind.

-Ramana
Anonymous Coward
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United States
10/29/2010 02:35 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
Dollar still not dropping that much. Pretty normal for Oct.
Victory66
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United States
10/29/2010 02:38 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
I guess I'm a baboon! WHOOOOOAH,WHOOOOOAH !
GlassPearls

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10/29/2010 02:45 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
Another mindless baboon! think what you want sport. Buying gold is for chumps
 Quoting: Anonymous Coward 1144116

I've read that same crap at $500, then $700, again at $900, $1100, and now at $1300. See a pattern? ;-)
Anonymous Coward
User ID: 1144116
United States
10/29/2010 02:51 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
Another mindless baboon! think what you want sport. Buying gold is for chumps

I've read that same crap at $500, then $700, again at $900, $1100, and now at $1300. See a pattern? ;-)
 Quoting: GlassPearls



How much was the pants you wearing right now compared to when gold was at 500.00. Or the Gas your buying,or the food your eating? Those prices are up. Way up. By like 40 %. Now look at the posted inflation rates for those years posted in the link below. Now you tell me how gold had kept up with inflation. Somebody is lying about the TRUE INFLATION NUMBERS. [link to www.usinflationcalculator.com]
GlassPearls

User ID: 613866
United States
10/29/2010 02:55 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
Another mindless baboon! think what you want sport. Buying gold is for chumps

I've read that same crap at $500, then $700, again at $900, $1100, and now at $1300. See a pattern? ;-)



How much was the pants you wearing right now compared to when gold was at 500.00. Or the Gas your buying,or the food your eating? Those prices are up. Way up. By like 40 %. Now look at the posted inflation rates for those years posted in the link below. Now you tell me how gold had kept up with inflation. Somebody is lying about the TRUE INFLATION NUMBERS. [link to www.usinflationcalculator.com]
 Quoting: Anonymous Coward 1144116

You must be responding to the same person I was. Certainly not me, as we are on the same page. The CPI is bullshit as are all government numbers. John Williams at Shadowstats knows the score quite well.

Our reality: DEFLATION in what you own, INFLATION in what you need. ;-)
Anonymous Coward
User ID: 1144116
United States
10/29/2010 02:56 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
Another mindless baboon! think what you want sport. Buying gold is for chumps

I've read that same crap at $500, then $700, again at $900, $1100, and now at $1300. See a pattern? ;-)



How much was the pants you wearing right now compared to when gold was at 500.00. Or the Gas your buying,or the food your eating? Those prices are up. Way up. By like 40 %. Now look at the posted inflation rates for those years posted in the link below. Now you tell me how gold had kept up with inflation. Somebody is lying about the TRUE INFLATION NUMBERS. [link to www.usinflationcalculator.com]

You must be responding to the same person I was. Certainly not me, as we are on the same page. The CPI is bullshit as are all government numbers. John Williams at Shadowstats knows the score quite well.

Our reality: DEFLATION in what you own, INFLATION in what you need. ;-)
 Quoting: GlassPearls


Oh sorry about that. I've been fighting this gold myth for years and nobody gets it. Again sorry for any confusion.
GlassPearls

User ID: 613866
United States
10/29/2010 03:03 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
Oh sorry about that. I've been fighting this gold myth for years and nobody gets it. Again sorry for any confusion.
 Quoting: Anonymous Coward 1144116

No worries. :-)

It's too important a topic to not to take the effort in setting the record straight, for those that truly wish to learn the how and why the banksters are raping us.
Anonymous Coward
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United States
10/29/2010 05:09 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
usa dollar will burn! i've been saying that for years.

it is being destroyed by tptb.

some of us have been buying gold for 10 years now.

i plan on selling some day.... just not yet.
Anonymous Coward
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United Kingdom
10/29/2010 05:10 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
"THEY" must go for the full-court press, JPMorgan-style, on Monday and Tuesday!

Can't have the dollar down, and the PMs rising, on those two days!

Unless "THEY" want Obarkyfraud and his criminal accomplices to fail, but big time!

cruise
Anonymous Coward
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United States
10/29/2010 05:20 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
Hyperiflation is right around the corner, I plan to pay off my house and all other bills very soon.

I don't think anyone wins in hyperinflation, many will be debt free quickly but what does it matter if you can't afford to eat and keep warm.
Anonymous Coward
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United States
10/29/2010 05:22 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
"Silver to $30 in 18 trading days" James Turk
Me114

User ID: 596184
United States
10/29/2010 06:03 PM

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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
With the cost of food up 40% and clothing up 20% and gas way up, education cost up by 40% buying gold is a joke anyways.


Yeah why buy anything that keeps up with inflation.

crazy


Inflation is only up 1 % this year. Look it up. The above mentioned is different.
 Quoting: Anonymous Coward 1144116

You are a moran. Inflation is defined (at least sanely defined) by expansion of the monetary base. If you include some useless basket of items in the inflation number it is easily manipulated and gamed by those who want you to remain clueless.

For instance energy is increasing in cost, grains have gone up over 60% in the past 4 months that means food items will increase by at least that much, but housing prices are still declining due to low wages and a housing glut not to mention outright fraud for title transfers by the banks. So when you include certain items in the CPI it is easy to manipulate the numbers as you want.

Expansion of the monetary base however always causes inflation in the cost of commodities and items people need to survive. This is stagflation going into hyperstagflation that means deflation in housing and non essential durable goods and hyperinflation in energy and food, things people need to survive.

Precious metals will continue to appreciate against the dollar since it is being debased.
 Quoting: Anonymous Coward 961432



this sounds correct...
Anonymous Coward
User ID: 1145947
United Kingdom
10/29/2010 06:09 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
With the cost of food up 40% and clothing up 20% and gas way up, education cost up by 40% buying gold is a joke anyways.


Yeah why buy anything that keeps up with inflation.

crazy


Inflation is only up 1 % this year. Look it up. The above mentioned is different.
 Quoting: Anonymous Coward 1144116


1rof1

1rof1

1rof1

1rof1

1rof1

pennywise
Anonymous Coward
User ID: 1144116
United States
10/29/2010 06:14 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
With the cost of food up 40% and clothing up 20% and gas way up, education cost up by 40% buying gold is a joke anyways.


Yeah why buy anything that keeps up with inflation.

crazy


Inflation is only up 1 % this year. Look it up. The above mentioned is different.


1rof1

1rof1

1rof1

1rof1

1rof1

pennywise
 Quoting: Anonymous Coward 1145947


How much was the pants you wearing right now compared to when gold was at 500.00. Or the Gas your buying,or the food your eating? Those prices are up. Way up. By like 40 %. Now look at the posted inflation rates for those years posted in the link below. Now you tell me how gold had kept up with inflation. Somebody is lying about the TRUE INFLATION NUMBERS. [link to www.usinflationcalculator.com]

Yep. Only sheeple think that gold is a smart buy. The above information couldn't be more true.
Anonymous Coward
User ID: 1145947
United Kingdom
10/29/2010 06:45 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
With the cost of food up 40% and clothing up 20% and gas way up, education cost up by 40% buying gold is a joke anyways.


Yeah why buy anything that keeps up with inflation.

crazy


Inflation is only up 1 % this year. Look it up. The above mentioned is different.


1rof1

1rof1

1rof1

1rof1

1rof1

pennywise


How much was the pants you wearing right now compared to when gold was at 500.00. Or the Gas your buying,or the food your eating? Those prices are up. Way up. By like 40 %. Now look at the posted inflation rates for those years posted in the link below. Now you tell me how gold had kept up with inflation. Somebody is lying about the TRUE INFLATION NUMBERS. [link to www.usinflationcalculator.com]

Yep. Only sheeple think that gold is a smart buy. The above information couldn't be more true.
 Quoting: Anonymous Coward 1144116


All the luxuries I don't need are about the same price as they were this time last year.

All the day-to-day shit that I DO need, like food, electricity, gas for my central-heating and hot water and fuel for my car, is up AT LEAST 7% over the same time period!
Anonymous Coward
User ID: 869975
United States
10/29/2010 06:50 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
With the cost of food up 40% and clothing up 20% and gas way up, education cost up by 40% buying gold is a joke anyways.


Yeah why buy anything that keeps up with inflation.

crazy


Inflation is only up 1 % this year. Look it up. The above mentioned is different.


1rof1

1rof1

1rof1

1rof1

1rof1

pennywise


How much was the pants you wearing right now compared to when gold was at 500.00. Or the Gas your buying,or the food your eating? Those prices are up. Way up. By like 40 %. Now look at the posted inflation rates for those years posted in the link below. Now you tell me how gold had kept up with inflation. Somebody is lying about the TRUE INFLATION NUMBERS. [link to www.usinflationcalculator.com]

Yep. Only sheeple think that gold is a smart buy. The above information couldn't be more true.


All the luxuries I don't need are about the same price as they were this time last year.

All the day-to-day shit that I DO need, like food, electricity, gas for my central-heating and hot water and fuel for my car, is up AT LEAST 7% over the same time period!
 Quoting: Anonymous Coward 1145947


The FED and the government lie about inflation, for obvious reasons. The officially stated inflation rate is always about 1-2 percent a year and the dollar has lost 95 percent of it's value since the FED took over in 1913.

The sad thing is some morons still believe the bogus government data.
Anonymous Coward
User ID: 1144116
United States
10/29/2010 06:52 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
With the cost of food up 40% and clothing up 20% and gas way up, education cost up by 40% buying gold is a joke anyways.


Yeah why buy anything that keeps up with inflation.

crazy


Inflation is only up 1 % this year. Look it up. The above mentioned is different.


1rof1

1rof1

1rof1

1rof1

1rof1

pennywise


How much was the pants you wearing right now compared to when gold was at 500.00. Or the Gas your buying,or the food your eating? Those prices are up. Way up. By like 40 %. Now look at the posted inflation rates for those years posted in the link below. Now you tell me how gold had kept up with inflation. Somebody is lying about the TRUE INFLATION NUMBERS. [link to www.usinflationcalculator.com]

Yep. Only sheeple think that gold is a smart buy. The above information couldn't be more true.


All the luxuries I don't need are about the same price as they were this time last year.

All the day-to-day shit that I DO need, like food, electricity, gas for my central-heating and hot water and fuel for my car, is up AT LEAST 7% over the same time period!
 Quoting: Anonymous Coward 1145947



Yep..Buying Gold is the biggest con game going. By high and get burned! What a deal....
Anonymous Coward
User ID: 1145947
United Kingdom
10/29/2010 06:52 PM
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Re: Breaking (Again): Dollar Index Dropping, Gold Rising. Precursor for the coming week?
With the cost of food up 40% and clothing up 20% and gas way up, education cost up by 40% buying gold is a joke anyways.


Yeah why buy anything that keeps up with inflation.

crazy


Inflation is only up 1 % this year. Look it up. The above mentioned is different.


1rof1

1rof1

1rof1

1rof1

1rof1

pennywise


How much was the pants you wearing right now compared to when gold was at 500.00. Or the Gas your buying,or the food your eating? Those prices are up. Way up. By like 40 %. Now look at the posted inflation rates for those years posted in the link below. Now you tell me how gold had kept up with inflation. Somebody is lying about the TRUE INFLATION NUMBERS. [link to www.usinflationcalculator.com]

Yep. Only sheeple think that gold is a smart buy. The above information couldn't be more true.


All the luxuries I don't need are about the same price as they were this time last year.

All the day-to-day shit that I DO need, like food, electricity, gas for my central-heating and hot water and fuel for my car, is up AT LEAST 7% over the same time period!


The FED and the government lie about inflation, for obvious reasons. The officially stated inflation rate is always about 1-2 percent a year and the dollar has lost 95 percent of it's value since the FED took over in 1913.

The sad thing is some morons still believe the bogus government data.
 Quoting: Anonymous Coward 869975


+1

The real skinny is at shadowstats.com!





GLP