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Random Quote: Everyone should believe in something...I believe I'll go fishing!
... Frankly, there is no model that will work in the current environment, because fundamentals and their outliers are not what is moving this market. It is pure confidence, or lack of, period.
Only partially true. It is a loss of confidence in the entire fiscal system, systematically destabilized through deregulation contrary to the support necessary with a confidence based currency. We are literally witnessing a meltdown of the 'dollar'. Globally, everyone holding instruments linked to the USD are posturing to reduce their losses by injecting the minimum support, and the thus the minimum exposure to further losses, hoping to rebuild that confidence.
The problem is systemic. Confidence can't cure it. As soon as it appears stability has been realized all countries will start dumping dollars, t-bills, all fiscal instruments tied to the USD because what is coming next.
the financial system sucked into a black hole? how can someone protect themselves from this?
didn't that just happen in Iceland last week?
Thomas Jefferson, the author of America’s Declaration of Independence, understood the threat posed by central banks:
"The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution… Bankers are more dangerous than standing armies… [and] If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered."
you now that gold will drop, the oil has drop considerable. gold is next...
most of the hedge funds that were betting on oil/gold futures to continue to rise will go belly up. http://www.bloggingstocks.com/2008/0...wrong-oil-bet/
In Iceland,if you had gold in a deposit box, you would not have been wiped out in 1 day..............like many many people were
the currency crashed, the financial market was down 70 % in one day and all the banks collapsed
but that could never happen here? right?
get real, Iceland is a nation of around 300k, The USA has 300 million people and most of the
multinacionals that actually run the world.
MACDONALS
FEDERAL EXPRESS
BOEING
STARBUCKS
GARMIN
MSFT
WALMART
EXXON
INTERNATIONAL PAPER and many more
those companies are all over the world, Iceland was a Financial Hub for Oil barrons
to wash the money from the North Atlantic Oil bussiness. OIL crash and so did they're currency,
there was not as much money to wash on Icelands banks...
they also were vested like most of Europe in derivatives from the morgage crisis,
even I will not buy those, however they found a way to sell them to "Europeans"
thru their retirement funds, if people only knew that they were getting into...
is ok, these people that have to much money and dont know the difference between
a nail and a screw, they deserve some of this.
I mean comparing Iceland to the USA is like comparing a ANT to a ELEPHANT.
the dollar has been rising and will rise even more,
there's a big amount of people in EU and the world investing in gold because they are scared,
they will loose their shirts, that I can promise you.
Yeah if you are in a country that has 0.1 percent of the USA population or in Africa that they're currency is not worth the ink that is printed on, it makes sense to "own gold".
Here in the States there's much better investments out there.
the Amero is junk, look at snopes...
I didn't give any advise, I pointed out the train wreck that was coming to folks that coudn't see it
Is the Plunge Protection Team aka: The Working Group On Financial Markets .......trading the S&P Futures ?
When a person rails ad nauseum against any view counter to their own; it is certainly within the realm of group license to consider that, at a minimum, that person is establishing their pattern of behavior; that is to say, that person is vehemently advising the group of what his/her personal locus and belief (read that to mean behavior). So I ask again, are you following your own advice?
The PT buying shares of the S&P?? I don't know. It's certainly illegal if they are. You tell me, or better yet, show me definitively. The U.S. government most certainly is with the bailout plan. Phrase it how you want, but they will end up owning shares of private companies via money they provided to those companies. In any language, that is called a purchase.
Big Al
__________________ "Pedophiles must die" - Ted Nugent
Gotta give credit (sorry) where credit is due. Nat, you had predicted this stuff, or something very similar, almost two years ago. Many on this site responded by trying to give you a hard time. You were right, they were wrong.
Gotta give credit (sorry) where credit is due. Nat, you had predicted this stuff, or something very similar, almost two years ago. Many on this site responded by trying to give you a hard time. You were right, they were wrong.
I posted information on this website that this was coming starting 2001......with references to the sources, when I posted information that GM would go busted ...over 5 years ago
you should have seen the outrage by other forum members....
early in 2007 we posted information that the financial system was broken and a financial disaster was at hand.
Big Gal and Tireless went into an all out assault with every criticism imaginable, along with others.........(ate up with it)
Now Fid has taken up a stance against GOLD..........(more entertainment is forthcoming)
Fid...........why don't you sell Gold short and make a killing?
All the metals have colapsed, gold so far only drop so much.
I was watching a show the other day where the make the connection
of Gold and OIL, and OIL was the single biggest expense in Gold Mining and refining.
Gold will Go down as silver and other metals already suffer.
I dont short. When I buy Stocks and decide to sell them Im always long on my positions.
I think shorting should be outlawed.
I could short OIL and be millionaire, I've been saying for 8 months that oil will reach
50 within a year...
this was the time they had the peak oil theorist's and the experts against myself. so I banned the forum for a couple month's. I just start posting (returned) again 2 weeks ago.
everbody said I has crazy.
Silver went from 22 to 8, the other metals the same, and you think GOLD will not
see a 40 percent correction since the high of 1013?
the problem is Gold is refine in big chunks, wait till the chunks what were refined based on 40/50
doll barrel hit the market and then we will talk.
If OIL will not reverse, and I dont see it reserving soon, GOLD will continue to drop...
NAT you somewhat savy, however you commiting the same mistake the people
that were convinced OIL will continue to go up to the 200 and 300 doll barrel level...
I told several people over 2 years ago GOLD will reach 1000 and then will start to slide, even when the "experts" were calling for 1600doll for a ounce of gold.
We will see 500/600 doll for ounce of GOLD in the next year.
All the metals have colapsed, gold so far only drop so much.
I was watching a show the other day where the make the connection
of Gold and OIL, and OIL was the single biggest expense in Gold Mining and refining.
Gold will Go down as silver and other metals already suffer.
I dont short. When I buy Stocks and decide to sell them Im always long on my positions.
I think shorting should be outlawed.
I could short OIL and be millionaire, I've been saying for 8 months that oil will reach
50 within a year...
this was the time they had the peak oil theorist's and the experts against myself. so I banned the forum for a couple month's. I just start posting (returned) again 2 weeks ago.
everbody said I has crazy.
Silver went from 22 to 8, the other metals the same, and you think GOLD will not
see a 40 percent correction since the high of 1013?
the problem is Gold is refine in big chunks, wait till the chunks what were refined based on 40/50
doll barrel hit the market and then we will talk.
If OIL will not reverse, and I dont see it reserving soon, GOLD will continue to drop...
NAT you somewhat savy, however you commiting the same mistake the people
that were convinced OIL will continue to go up to the 200 and 300 doll barrel level...
I told several people over 2 years ago GOLD will reach 1000 and then will start to slide, even when the "experts" were calling for 1600doll for a ounce of gold.
We will see 500/600 doll for ounce of GOLD in the next year.
the more powerful factor in gold is monetary policy, Paulson announced a shift to, quatitative easing......(dropping money from airplanes and helicopters)
welcome to a hyperinflationary depression.
gold is your insurance policy
Gotta give credit (sorry) where credit is due. Nat, you had predicted this stuff, or something very similar, almost two years ago. Many on this site responded by trying to give you a hard time. You were right, they were wrong.
I posted information on this website that this was coming starting 2001......with references to the sources, when I posted information that GM would go busted ...over 5 years ago
you should have seen the outrage by other forum members....
early in 2007 we posted information that the financial system was broken and a financial disaster was at hand.
Big Gal and Tireless went into an all out assault with every criticism imaginable, along with others.........(ate up with it)
Now Fid has taken up a stance against GOLD..........(more entertainment is forthcoming)
Fid...........why don't you sell Gold short and make a killing?
Re: I'm Calling The Bottom 
