For ASH, (and everyone else trying to figure out gold recent rapid rise)

[charliebrown]

Re: For ASH, (and everyone else trying to figure out gold recent rapid rise)

yes it was and this happened just recently. Our local school got a matching grant from the state to put an addition on, IF property taxes were raised. Well the tax increase passed, but then the state
ran into problems they renegued (i know this is some fancy word that I don't know how spell. I am an engenear you know) anyhow the same thing may happen to our underpass if some of the money promised by various angencies is held up.

[D-Mack]

Re: For ASH, (and everyone else trying to figure out gold recent rapid rise)

Doesn't look like it will reach 1200 today, but still not bad.

[D-Mack]

Re: For ASH, (and everyone else trying to figure out gold recent rapid rise)

Doesn't look like it will reach 1200 today, but still not bad.

we're back in the Rocket ship

[due_indigence]

Re: For ASH, (and everyone else trying to figure out gold recent rapid rise)

Did you expect a declarative event? God sticking his finger down from the sky? Mad Max roaring by on the highway? The Sheep Look Up.

Bingo. Perhaps this is some sort of Judeo-Christian cognitive artifact, but so many minds seemed trained for the Declarative Event. Mega's posts are often titled 'this is it' or 'here it comes'. Economics is an ongoing chain of events. There is not 'it' per se.

Things will get progressively and decidedly crappier, a nadir will be reached, and then they will gradually improve. Unless the crappiness gets so bad that the socio-economic apparatus that can lift us up becomes irreparably harmed. Even here, the New Dark Ages won't arrive on a Tuesday. It'll be protracted and spasmodic. Hey, it took 500 years for the current western ponzi banking model to get us where it did.

In no case will the sky part. A Judgment Day will not arrive...or is my irreligiosity shading my economics too much?

[due_indigence]

Re: For ASH, (and everyone else trying to figure out gold recent rapid rise)

we're back in the Rocket ship

When the barbarous relic becomes the rocket ship of the future, the verdict is in on our thoroughly modern markets. A relic is a harking-back. Gold zooms at the expense of shattered notions. We are in the death throes of a 500-year-old worldview.

I'm also of the belief gold does not rise or fall. It is the immutable Gold Standard against which all previaling notions must compete. In an intellectually and morally bankrupt era, gold emulates the appearance of 'zooming'. When really, it was 'just there' all along.

A currency that seperates from the Gold Standard is like a parasite that settles on a go-it-alone strategy. What happens to hubristic ticks? They die. It is simply the nature of a tick to require a host. All the wishing in the world can't change this. The troubling barometer is the level of delusion a tick must 'host' to even entertain the notion that a go-it-alone strategy is possible. Know thyself or die.

I've been wed to a sort of existential analysis of markets the last couple of years. It's as though the markets aren't really talking amongst themselves with any great functionality. They are sputtering and throwing up numbers. But the numbers are highly suspect, certainly more suspect than market valuations traditionally are.

[Tybee Island]

Re: For ASH, (and everyone else trying to figure out gold recent rapid rise)

Can you hear me Major Tom?.................."yippee!"

[due_indigence]

Re: For ASH, (and everyone else trying to figure out gold recent rapid rise)

Yes yippee. Everything's going up today. Gold, oil, stocks. That makes everything more valuable than yesterday.

Planet earth is blue and my net worth's come unglued.

[fallout]

Re: For ASH, (and everyone else trying to figure out gold recent rapid rise)

Allow me to direct your attention to Mr. Dmitry Orlov, an engineer and Russian emigrant to the US who has written quite a bit on the collapse of the Soviet Union, and the parallels with the US (he's also well known in peak oil circles, ala ASPO).

Here is a good piece from him regarding the "Five Stages of Collapse", republished by the Energy Bulletin.
http://www.energybulletin.net/node/47157
Read it and keep gold in your mind as you do so. We're very clearly into stage 2 now.

[WDCRob]

Re: For ASH, (and everyone else trying to figure out gold recent rapid rise)

so many minds seemed trained for the Declarative Event.

I read someone smart once say that it's a process, not an event. Wish I could remember where.

Maybe Metalman can help.

[thriftyandboringinohio]

Re: For ASH, (and everyone else trying to figure out gold recent rapid rise)

Allow me to direct your attention to Mr. Dmitry Orlov, an engineer and Russian emigrant to the US who has written quite a bit on the collapse of the Soviet Union, and the parallels with the US (he's also well known in peak oil circles, ala ASPO).

Here is a good piece from him regarding the "Five Stages of Collapse", republished by the Energy Bulletin.
http://www.energybulletin.net/node/47157
Read it and keep gold in your mind as you do so. We're very clearly into stage 2 now.

Just read the article, find it a little disappointing. More arm-chair philosophy than comparative analysis.

But I do ALWAYS keep my gold in mind -touched $1,200 today!

[metalman]

Re: For ASH, (and everyone else trying to figure out gold recent rapid rise)

I read someone smart once say that it's a process, not an event. Wish I could remember where.

Maybe Metalman can help.

i'd dig up one of the 9000 references on itulip to political/economic change as a process not an event but i'm sure everyone is tired of it by now.

oh, ok. here's one from aug 2007... A Financial Market Crash is a Process, Not an Event

[sunskyfan]

Re: For ASH, (and everyone else trying to figure out gold recent rapid rise)

Well, yes there is Financial Crash and then there is Collapse. I guess I was referring to a more cultural collapse thus the reference to risk mitigation by the military. Not everything is obviously a nail to be struck with EJ's hammer .

It reminds me of when a twenty-something get's their PHD. Every conversation comes around to the fact that what ever the conversational point it is covered in Their thesis.