A Must, Must Read

[Mega]

http://www.telegraph.co.uk/finance/c...ed-regime.html
Mike

[audrey_girl]

Re: A Must, Must Read

hmmm - i thought the real purpose of the meeting was to provide cover for the Americans and Chinese to settle on a price for all that IMF gold?

http://dailyreckoning.com/the-real-a...ld-g-20-story/

[Mega]

Re: A Must, Must Read

"Lets rock"
Mike

[icm63]

Re: A Must, Must Read

I can smell a BULL shake out in gold coming.

This last rally looks like a looser.

I expect gold to sink, so the real wealthy can get in at cheaper prices.

I guess thats you mega !

[Starving Steve]

Re: A Must, Must Read

What would be a good buy price to increase my core holding of gold be? Or to put this another way: What price is the Bank of China going to take the 400tonnes of IMF gold at, and when will the market (meaning Starving Steve) know the price?

This is complicated stuff, even for a lifetime gold bug like me.

Could we get a shot at $700 gold again? Or would we have to settle for $880 or even worse: $950 gold?

Gold just looks HIGH in price, so my instinct is to stay-away. "When in doubt, stay OUT."

[jtabeb]

Re: A Must, Must Read

Gold just looks HIGH in price, so my instinct is to stay-away. "When in doubt, stay OUT."

When facing the risk of radical currency devaluation, Seeing the "forest" vs. the "trees" might be a tad useful.

Gold high? What about at $4,000? Is that cheap or expensive?

JMHO.

You are swimming naked without gold right now. CONTINUING to do so, is well, not the best option in the present situation. But, we all make our own choices, don't we.

Gold, oops, I mean Good luck.

[icm63]

Re: A Must, Must Read

Thats TRUE, only an EVENT will get GOLD to that level, just after the US FED sold off gold.

The only EVENT that would be is Aisa stops buy usa bonds..so watch TLT !

[audrey_girl]

Re: A Must, Must Read

yup - we are just one event away from 2k gold

an Israeli airstrike on Iranian nuclear facilities would just about do it:



what passes for world leadership today is pretty pathetic

these three stooges above remind me of these three:



I mean all this talk about airstrikes, and uranium and nuclear terrorism is soooo 2003

-sigh-

[Starving Steve]

Re: A Must, Must Read

Hi Audrey:

Love your dog picture.

Yes, an event like hitting Iran's nukes would be very gold-friendly. But after a successful removal of Iran's threat, gold would likely sell-off sharply.

As far as the wisdom of hitting Iran, WONDERFUL. I am all for it. Love it.

I guess that makes me the fourth stooge, but toying-around and trying to appease or compromise with Arminishod is even more foolish. Arminishod is very serious: he plans to use atomic weapons against Isreal.

When one has a cancer, it is best to take dramatic steps and cut it out..... Best to remove Iran's nukes from the world as soon as possible. Maybe proceed to remove Arminishod and his radical clerics from the scene, too.

[ricket]

Re: A Must, Must Read

Yes, an event like hitting Iran's nukes would be very gold-friendly. But after a successful removal of Iran's threat, gold would likely sell-off sharply.

Not until *after* oil goes back under $300...

[santafe2]

Re: A Must, Must Read

The world's leading nations have agreed "tough new regulations" to prevent another global financial crisis, declared Barack Obama, as the two-day meeting drew to a close. The G20 has "taken bold and concerted action to forge a new framework for strong, sustainable and balanced growth".

I was surprised after the site in this opening paragraph how quickly this article devolved into a simplistic anti-government rant. It's not that the author is wrong, he's just restating the obvious while ignoring the rather sad statement by our current President. Obama expects that a framework can be built that will allow the current economic structure to allow for growth. And not just mundane growth but "strong, sustainable and balanced growth".

I'm not sure which is more dumb. A president who declares the possibility or a writer who flails at the current structure as if there is a better path toward continued growth. I'm sure the earth can support 10B people but at what economic level? From an American point of view, there will not likely ever again be growth in any traditional sense.

I had hoped the author was going to reframe the argument and ask why we think we need growth. That's a more interesting question and one we'll start answering in the next 20 years. Earlier would be better.

[Adeptus]

Re: A Must, Must Read

2009 G20 Summary...



'Nuff said.
Adeptus

[cobben]

Re: A Must, Must Read

"so watch TLT "

Gold hasn't even broken down out of its uptrend againts TLT yet, and looks to have bottomed out and is turning up against equities.

GLD:TLT
http://stockcharts.com/h-sc/ui?s=GLD...d=p25965598990

GLD:SPY
http://stockcharts.com/h-sc/ui?s=GLD...d=p25965598990

[Chris Coles]

Re: A Must, Must Read

Thats TRUE, only an EVENT will get GOLD to that level, just after the US FED sold off gold.

The only EVENT that would be is Aisa stops buy usa bonds..so watch TLT !

Personally, my instincts remind me of the theme of the movie Goldfinger.

[Diarmuid]

Re: A Must, Must Read

Hi Audrey:

Love your dog picture.

Yes, an event like hitting Iran's nukes would be very gold-friendly. But after a successful removal of Iran's threat, gold would likely sell-off sharply.

As far as the wisdom of hitting Iran, WONDERFUL. I am all for it. Love it.

I guess that makes me the fourth stooge, but toying-around and trying to appease or compromise with Arminishod is even more foolish. Arminishod is very serious: he plans to use atomic weapons against Isreal.

When one has a cancer, it is best to take dramatic steps and cut it out..... Best to remove Iran's nukes from the world as soon as possible. Maybe proceed to remove Arminishod and his radical clerics from the scene, too.

I find the following a much more coherent argument