Announcement

Collapse
No announcement yet.

Thesis change time? Gold approaching $760

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #76
    Re: Thesis change time? Gold approaching $760

    Originally posted by jtabeb View Post
    Unless there is a significant risk that the knife WON'T be there when you are ready to reach out and "catch it".;)
    US rate cut coming...?

    Comment


    • #77
      Re: Thesis change time? Gold approaching $760

      Regarding sentiment, there seems to be a good bit of nervousness here.
      Jim 69 y/o

      "...Texans...the lowest form of white man there is." Robert Duvall, as Al Sieber, in "Geronimo." (see "Location" for examples.)

      Dedicated to the idea that all people deserve a chance for a healthy productive life. B&M Gates Fdn.

      Good judgement comes from experience; experience comes from bad judgement. Unknown.

      Comment


      • #78
        Re: Thesis change time? Gold approaching $760

        Originally posted by phirang View Post
        US rate cut coming...?
        I SMELL DAT!!

        Comment


        • #79
          Re: Thesis change time? Gold approaching $760

          I don't know about gold, but check this OUT!!!!!!!!!!
          (Ha, John Nadler can KISS MY ASS!)

          from KITCO:
          In order to reflect the current strong demand for Silver Maples and Silver Eagles, Kitco is temporarily increasing its current bid (buyback) price for these particular products. Please visit our Selling to Kitco page for more details.

          Comment


          • #80
            Re: Thesis change time? Gold approaching $760

            Originally posted by FRED View Post
            We have a short and succinct word to describe our $780 dollar ratchet price of gold call: wrong.

            It calls into question whether in fact central banks are effectively cooperating to manage the dollar and US interest rates.

            The big news this morning in the FX markets is that New Zealand broke ranks and cut rates 50 basis points.

            We expected the breakdown of global central bank cooperation to begin at the periphery of the system with Australia breaking ranks first due to a change in political alignment toward China and away from the US. Our best guess is that Australia is next.
            wait a sec... you've been saying 780 but i have to point out an error...

            from the original article where you made the summer forecast you show a dealer's buy, sell, and spread not spot price. your 780 call is the sell price...



            so what's the sell price now?

            $798.11 (live)

            you have a ways to go before you're 'wrong'.

            give yourself a break. sheesh.

            Comment


            • #81
              Re: Thesis change time? Gold approaching $760

              Originally posted by jtabeb View Post
              I don't know about gold, but check this OUT!!!!!!!!!!
              (Ha, John Nadler can KISS MY ASS!)

              from KITCO:
              In order to reflect the current strong demand for Silver Maples and Silver Eagles, Kitco is temporarily increasing its current bid (buyback) price for these particular products. Please visit our Selling to Kitco page for more details.
              Unfortunately for me, there is also this note on top of the selling page (underline mine):

              IMPORTANT: Due to the volatility of the market, we are experiencing a significant increase in the volume of products that are being sold to Kitco. Although Kitco and HSBC Bank are working hard to stay on top of this, you may experience a delay in your package being processed. We apologize for any inconvenience this may cause, and appreciate your patience and understanding.

              Comment


              • #82
                Re: Thesis change time? Gold approaching $760

                Originally posted by metalman View Post
                wait a sec... you've been saying 780 but i have to point out an error...

                from the original article where you made the summer forecast you show a dealer's buy, sell, and spread not spot price. your 780 call is the sell price...



                so what's the sell price now?

                $798.11 (live)

                you have a ways to go before you're 'wrong'.

                give yourself a break. sheesh.
                Metal, check it out:

                http://www.itulip.com/forums/showthr...47135#poststop

                Comment


                • #83
                  Re: Thesis change time? Gold approaching $760

                  Originally posted by LargoWinch View Post
                  Unfortunately for me, there is also this note on top of the selling page (underline mine):

                  IMPORTANT: Due to the volatility of the market, we are experiencing a significant increase in the volume of products that are being sold to Kitco. Although Kitco and HSBC Bank are working hard to stay on top of this, you may experience a delay in your package being processed. We apologize for any inconvenience this may cause, and appreciate your patience and understanding.

                  I'll put this plainly, BULLSHIT!

                  You are RAISING your offer price but there is "a significant increase in the volume of products that are being sold to Kitco". Um Hm, Yeah right.

                  Comment


                  • #84
                    Re: Thesis change time? Gold approaching $760

                    Originally posted by jtabeb View Post
                    what does it say if gold costs you $800 but you can only sell it for 762? usual spread is 2% not 5%.

                    Comment


                    • #85
                      Re: Thesis change time? Gold approaching $760

                      A few responses to some comments

                      1.I understand the function of Itulip but acting solely on the basis of explanations can mean being wrong

                      2.Price inflation can occur at the same time as asset deflation(the former being a function of money supply with the latter being a function of debt)

                      3.On the RBNZ rate cut Bollard(that serial inflationist)is quoted as saying that it was the conference at Jacksons Hole that did it for him..he got how potentially catastrophic the situation is and no way was he going to be standing when the music stopped

                      Comment


                      • #86
                        Re: Thesis change time? Gold approaching $760

                        Originally posted by waysouth View Post
                        2.Price inflation can occur at the same time as asset deflation(the former being a function of money supply with the latter being a function of debt)
                        bravo... not one in 1mil understand this.

                        Comment


                        • #87
                          Re: Thesis change time? Gold approaching $760

                          Originally posted by waysouth View Post
                          A few responses to some comments

                          1.I understand the function of Itulip but acting solely on the basis of explanations can mean being wrong
                          waysouth, welcome to iTulip. I don't remember any of your postings here. Please note that:

                          iTulip can be wrong (I am not saying they are), The Market can be irrational, investment geniuses have been proved wrong, hell even I can be wrong on occasions (insert sarcasm here).

                          As an investor, you and you alone is responsible for the outcome of your investments. Not because iTulip or someone else says "gold" is an attractive investment that I own some. I recognize however that some people have far more experience than me investing and can offer valuable tips. Whatever any advisor, genius or iTulip says, I review it carefully and make it my decision if I chose to do so, but I never blame anyone for a negative outcome (especially short-term). I will however send big thanks for any successes.

                          The basis of investing in Gold, PMs and Commodities still stands in my view due to real negative rates among other things, one of which is massive financial bailouts with fiat currency.

                          As for the current setback: remember Hindsight is always 20-20. I simply wish you could have warned us of this "obvious" correction back in March, April, May, June or July of this year.

                          So, you say 650 Gold. Ok. My question to you is this: what is your investment advice for the future? or if gold is your area of expertise; what is gold be worth in 2015? in 2010?

                          This site is to share investment ideas (some of which are pretty darn good) not to criticize valid, careful, unbiased and helpful research.

                          Comment


                          • #88
                            Re: Thesis change time? Gold approaching $760

                            Largo,

                            The investment idea I am trying to share is..always prepared to be wrong..I use TA for this..others will have other defences..but having no defence...

                            As for gold..who knows what the future holds...I will observe we are descending into a particularly chaotic situation..in a bear market the one who wins is the one who looses the least..and we are in an asset bear market whatever the cause

                            Comment


                            • #89
                              Re: Thesis change time? Gold approaching $760

                              Originally posted by FRED View Post
                              To be clear, not calling into question either Ka-Poom Theory or the Dollar Ratchet Theory but fall in the gold price below what the Dollar Ratchet Theory indicates raises the questions I mention above.
                              fred, no one has explained what 780 has to do with the ratchet theory. what's the connection? 780 was presented as ej's clairvoyant vision. it was never connected to the ratchet theory. if there is any such connection, can we be shown what it is?

                              Comment


                              • #90
                                Re: Thesis change time? Gold approaching $760

                                Originally posted by FRED View Post
                                Deflation is a political choice to cause wage earners to absorb the impact of debt deflation.
                                Doesn't deflation help wage earners (who keep a job and a gun at home) and hurt debtors?

                                Comment

                                Working...
                                X