Gold in a bubble and/or going to $3,000

[nero3]

Re: Gold in a bubble and/or going to $3,000

i'm all for alternate points of view but i'm with jk on rehashing old arguments & neglecting long established facts. when i go to a site i don't start blabbing without first reading the articles there. that's plain rude. it says 'i don't give a shit what you people think... i'm smart & you're all stupid.' guaranteed to get a neg response.

The view that it's a secular bear-market and you only put your money at gold while you watch soap opera is to easy I think. I suspect what's going on in China is giving cracks to that whole idea. But let's see. it seems the professionals are dumping gold now, while individual investors are loading up.

[flintlock]

Re: Gold in a bubble and/or going to $3,000

It bothers me not what Nero says or does not say. I am free to ignore his posts, and he(?) usually keeps things civil and polite. Perhaps there is more going on here that meets the eye, but I can't see why people get so bent out of shape over this poster. Do any of you really expect an internet forum to have none of these types? Posters should be allowed to be wrong/lazy/arrogant. Ban those characteristics and the forum shrinks in half overnight.

I can see Fred's viewpoint though if he believes Nero to be a competitor's plant or troll. I think putting that opinion out there for the public to read is the correct way to handle it.

[flintlock]

Re: Gold in a bubble and/or going to $3,000

But let's see. it seems the professionals are dumping gold now, while individual investors are loading up.

What do you base this on? Others say banks are buying gold.

[nero3]

Re: Gold in a bubble and/or going to $3,000

t

frankly, i was also bothered by his unwillingness to discuss his own investments [if any]. we have no way of knowing whether people are misrepresenting themselves and their investments, but nonetheless i have more respect for those who discuss - in a realistic and consistent way- what they themselves are doing financially.

Look at what happened to the oil guru Simmons. Following the whole BP disaster he died. I think had he not went on TV with a series of wrong statements, he would not had that kind of stress following the end to the leak. I think the reason most managers don't like to disclose their positions is that they don't like the stress involved with it.

[metalman]

Re: Gold in a bubble and/or going to $3,000

The view that it's a secular bear-market and you only put your money at gold while you watch soap opera is to easy I think.

see... there you go again.

itulip didn't get into gold last week & watch a soap opera. read articles here you'll find out ej sold stock in early 2000 & bought gold in 2001 & 100s of other folks here did likewise.

we did just fine, thx.

read this...

& this...

I suspect what's going on in China is giving cracks to that whole idea.

do you read any articles on this site? china or fed to whack gold to $1100 in 2011 per ej's latest... right here...

But let's see. it seems the professionals are dumping gold now, while individual investors are loading up.

if you aren't trolling look here at demand/supply stats...

[nero3]

Re: Gold in a bubble and/or going to $3,000

see... there you go again.

if you aren't trolling look here at demand/supply stats...

I think the net long positions in the futures market's among different classes of investors are the most interesting one to watch.

[nero3]

Re: Gold in a bubble and/or going to $3,000

http://goldnews.bullionvault.com/gold_futures_011120112

There is an article about it in case you don't want to dig into the numbers. It's of course a worrying trend, gold have seen weakness for a long time now.

[c1ue]

Re: Gold in a bubble and/or going to $3,000

do you read any articles on this site? china or fed to whack gold to $1100 in 2011 per ej's latest... right here...

I've read the article 3 times and still don't see what you're saying.

[nero3]

Re: Gold in a bubble and/or going to $3,000

There was one sentence in the article "
"When the head of the World Bank starts talking about gold as part of a new global reserve currency, the era of the Treasury dollar standard is nearing an end."

What i'm thinking to myself: Or that gold is close to popping.

I see those kind of statements, and that you have so many Chinese common people hoarding commodities like copper in their back yard as a contrarian indicator. I see the arguments for a 1975-1980 like boom. I see the excellent trend in mining employment. That 75-80 outcome was in fact my main scenario in 2009, but now I'm no longer sure about that outcome. Look at Ford. Did ford rally like that in the seventies? It's just anecdotal, but it's many pieces that's not fitting the picture. In the seventies, gold pulled back in the 74-75 recovery. Not this time.

[metalman]

Re: Gold in a bubble and/or going to $3,000

http://goldnews.bullionvault.com/gold_futures_011120112

There is an article about it in case you don't want to dig into the numbers. It's of course a worrying trend, gold have seen weakness for a long time now.

the gold market took off in late 2009 when central banks started buying... everyone knows that. do they buy on the open market? nope. they buy from the imf & each other... russia's cb buys from russian gold miners. futures market = waste of time.

gold was flat in 2006. so what? up all years since 2001. tell me why 2011 will not be like 2010, 2009, 2008, 2007, 2006, 2005, 2004, 2003, 2002, & 2001?

btw, in 2009 you said gold down in 2010... wups.

[nero3]

Re: Gold in a bubble and/or going to $3,000

the gold market took off in late 2009 when central banks started buying... everyone knows that. do they buy on the open market? nope. they buy from the imf & each other... russia's cb buys from russian gold miners. futures market = waste of time.
.

Really......

[Chomsky]

Re: Gold in a bubble and/or going to $3,000

I've read the article 3 times and still don't see what you're saying.

It says what metalman refers to in Part II of that article, which requires a subscription to read.

[jk]

Re: Gold in a bubble and/or going to $3,000

t

Look at what happened to the oil guru Simmons. Following the whole BP disaster he died. I think had he not went on TV with a series of wrong statements, he would not had that kind of stress following the end to the leak. I think the reason most managers don't like to disclose their positions is that they don't like the stress involved with it.

i'm not sure where the stress arises. i put out my allocations on several occasions, and have discussed my thinking in making them, and in a consistent enough way that i assume it is plausible to readers that i mean what i say. not to mention that you are here under the cloak of screen name. if i'm wrong i'll suffer far more from the financial losses than i will the loss of face on this board. why, nero3, [blush] i didn't know you cared.

[nero3]

Re: Gold in a bubble and/or going to $3,000

i'm not sure where the stress arises. i put out my allocations on several occasions, and have discussed my thinking in making them, and in a consistent enough way that i assume it is plausible to readers that i mean what i say. not to mention that you are here under the cloak of screen name. if i'm wrong i'll suffer far more from the financial losses than i will the loss of face on this board. why, nero3, [blush] i didn't know you cared.

I think that the more you post your positions, the more your ego get into your positions, bad for the ability to quickly change your positions or that humble attitude that's so important, like in changing your mind when you are burning cash. I think this is psychological effects. Like my discussion with metalman is bad, because maybe he represent his case in a way making me not buy gold even I should. Or that the discussion with clue is bad, since it might make me buy apple, even it's a stupid thing to do, just because the ego got all worked up. I'm not serious about that really happening because of clue or metalman, but think about it. It's more to psychology to this than what you can see yourself. If you are managing money, the best thing if to let as little as possible interfere with that.

[Chomsky]

Re: Gold in a bubble and/or going to $3,000

I think that the more you post your positions, the more your ego get into your positions, bad for the ability to quickly change your positions or that humble attitude that's so important, like in changing your mind when you are burning cash. I think this is psychological effects. Like my discussion with metalman is bad, because maybe he represent his case in a way making me not buy gold even I should. Or that the discussion with clue is bad, since it might make me buy apple, even it's a stupid thing to do, just because the ego got all worked up. I'm not serious about that really happening because of clue or metalman, but think about it. It's more to psychology to this than what you can see yourself. If you are managing money, the best thing if to let as little as possible interfere with that.

Ok, but let me ask: why are you here again? If you're not interested in the iTulip thesis, or not interested in specifically arguing against it (or parts of it), what are you looking for? The point here is constructive criticism and sharing of information surrounding the iTulip thesis. If you're not here to do that, why bother?