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Re: More Gold worries
Originally posted by Mega View Post
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Re: More Gold worries
In the past, when markets get hyped and the public gets interested in those markets, that marks the blow-off phase or exponential phase. In other words, that has marked the ninth inning of the ballgame.
On the American television, you now see commercials for "real government gold". Any gold bug, by nature, wants to get as far away from the government as possible, and that is why they buy gold. (The ultimate world money is gold, and one country's gold is just as good as another's.) So these commercials are for the morons and the hicks who know nothing about gold, and these commercials for "real govn't gold" may warn of the ninth inning of the ballgame.
The other possibility is that this is now the ninth inning for the U.S. dollar.... The end of the ballgame for the greenback would mark the beginning of a time of mass starvation in America and the world.:eek:Last edited by Starving Steve; March 06, 2009, 01:16 PM.
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Re: More Gold worries
"Mass starvation in America" - Ha Ha Ha Ha, that is funny, been listening to Rush Limbaugh in the car again?
Gold is being supressed by the Fed and Treasury as they view a gold spike as feeding a panic, so they keep manipulating it down.
Gold is a tough investment call, I own a little but am looking more for longer term dividends in recession proof firms with solid cash flow and no debt.
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Re: More Gold worries
Originally posted by Uno View Post"Mass starvation in America" - Ha Ha Ha Ha, that is funny, been listening to Rush Limbaugh in the car again?
Gold is being supressed by the Fed and Treasury as they view a gold spike as feeding a panic, so they keep manipulating it down.
Gold is a tough investment call, I own a little but am looking more for longer term dividends in recession proof firms with solid cash flow and no debt.
Hannity is a lightweight (featherweight?) Republican hack, and Rush is far more erudite and accurate than Hannity (so is my schnauzer) and entertaining to boot. What do you listen to since Air America went bankrupt? (Along with their hard-leftist ideology of hate.)
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Re: More Gold worries
Never forget that this horrible economic trainwreck was caused by the Republicans (the Repukes). And the Republicans have their political base in the South.
Aside from nationalism, xenophobia, racism, prejudice, resentment, back-lash, cowboy capitalism, winner-take-all, phonics, English-only, and all the rest, what do the Republicans have to offer America and the world?
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Re: More Gold worries
Originally posted by Starving Steve View PostNever forget that this horrible economic trainwreck was caused by the Republicans (the Repukes). And the Republicans have their political base in the South.
Aside from nationalism, xenophobia, racism, prejudice, resentment, back-lash, cowboy capitalism, winner-take-all, phonics, English-only, and all the rest, what do the Republicans have to offer America and the world?
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Re: More Gold worries
Mega, are you taking notes here? This is an "American Political Squabble". [ TM. ] We are world champion squabblers over here. You need to take notes my man, to make sure you are up to speed.And don't worry, by the time we get to the bottom of this matter, we'll find out all about what's up with the "more gold worries" thingy. Sit tight, we're digging down to the heart of the matter over here (just keep that Fred p'liceman off our backs).
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Re: More Gold worries
Miker has now spoken and delivered a verdict. It's final (make that terminal). We Americans are all fooked. Maybe if we're lucky the Limeys will accept us back as a colony and then we can look to Queen Elizabeth for some real leadership. I expect those ramrod southerners will be the first to leap at this opportunity for redemption.
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Re: More Gold worries
Originally posted by Mega View PostAmerica is a one party state, but because your American you have 2 of them!
Mike
There is only one major American Political Party - the RepubliCrats.
They are owned by the same bankers but have different special-interest bosses.;)
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Re: More Gold worries
My comment was very similar to the remarks made by, of all people, Larry Kudlow, the most conservative free market, anti-tax, pro-Reagan Republican that walks this planet to-day.
Larry Kudlow said this morning on CNBC, "Aside from xenophobia, the Republican Party of to-day has nothing to offer America." He also said that the Republicans were to blame for the current recession. His exact words were: "Even I blame the Republicans for the current recession."
And there were some other interesting remarks made on CNBC to-day, Friday, March 6th:
The CFO of GE said that unregulated short-selling in the amount of less than $100 million dollars per day was driving down GE stock and the driving down the entire stock market. He said that short-sellers were having a free-for-all using derivatives. He wondered why the government was still allowing this.
And this gets back to Bernanke: Why did Obama keep Bernanke at the Fed when another Fed chief might now be using government money to trap the short-sellers and force them into losses? (Those are my words, not those of the CFO of GE, but this is what he was inferring to me.)
Bernanke is Bush's man at the Fed, and he does not belong at the Fed now. The whole approach should now be to RE-regulate the markets and take no prisoners of the cowboys who are destroying the stock market.
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