Gold and the Market

tsptalk said:
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All these signals SCREAMING that we're about to take a huge tumble in the markets, and I go and do a stupid thing like move everything into stocks yesterday.

Dumb, dumb, dumb, dumb, dumb me.

I only have one move left for the month. and I KNOW I am about to get clobbered.......
 
Tybee Island!!:D I think? NO it's JEKYLL Island!!
That's it,
The Creature from Jekyll Island
How It REALLY Happened
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by G. Edward Griffin​
Excerpts from Chapter One specifically addressing
the creation of the Federal Reserve System.​
http://www.pushhamburger.com/jeckel.htm​
​
 
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teknobucks was a great believer in the conspiracy that went on when The Bankers had their organizational meeting out on Devil's Island - (I know that's not the name of the island, but it fits... & I can't think of the name.) Anyway, the film that 350Z posted from YouTube this afternoon addresses this along with multitudes of other information.... the meeting, the bankers, the illicit Federal Reserve, and I imagine by the time I get thru the rest of the 90 minutes I have left on it, the different contributers will have given more information on who owns not only us, but us through being the owner of the gold. The book documenting the island meeting is one that never goes off the market.... ? ? Island.
whatever went with teknobucks?
 
During the 1970s a wealthy businessman named Edward Durell alleged that most of the gold in Fort Knox had been secretly moved out of Fort Knox by President Johnson in the late 1960s in an attempt to keep the gold price suppressed at $35 per troy ounce (the price at which it was fixed under the gold standard). His evidence was mostly circumstantial and anecdotal, so it's far from definite, but it goes without saying that his claims were suppressed and that reporters covering his allegations were soon out of a job.

In 1982 President Reagan set up a gold commission to investigate the possibility of returning to a gold-backed currency. His commission's investigation concluded that the US Treasury now owns no gold, that it is now owned by the Federal Reserve - a private bank and non-government entity.
 
You would have known by now. Besides, nobody knows how much Gold the US has. For all we know, Fort Knox could be empty.
 
... as a taxpayer I would be pissed off if the Fed didn't unload a lot of gold to India at the last high. That was a prime opportunity to reallocate Fed resources and get cash back into the US markets. You know they did, they invented that play. :)
 
Simondale88,

The stock market is actually fairly stable at the moment - view a chart of the VIX and watch the trend lines. Bullitt is right about gold. I bought 15 ounces back in 1980 at that peak - but I never plan to sell my coins. I like to handle them too much and boy are they beauties.
 
The gold bandwagon got washed away in bullishness, but the strong hands will step up in the gold market as soon as a few more stops get blown. Don't be surprised when additional nations announce gold purchases in the near future.

Buying at 1200 and watching a market go to 1000 is how 'Long Term Investors' are born.
 
Looks like the world is slowly becoming more and more bullish towards gold. The Gold Bugs really can't complain because they've been waiting for this day their entire lives. Here's my question- Will they get caught up in the euphoria or will they cash in their profits?

I think they're going to get washed away in the bullishness.

No way, absolutely no way I'd be a buyer of gold at these levels, especially physical gold. And to those who own physical gold- I always thought I'd sell my baseball cards for a profit, but when you have something you can look at and hold, it makes it much more difficult to unload. Don't fall in love.

Gold isn't going to $5,000 either, not in this lifetime. Alleged Pied Pipers of Armageddon have an agenda, meaning, they probably bought starting at the 300-400 level and want you to buy it at these levels.
 
Gold Hits Record $900 an Ounce
NEW YORK - Gold futures briefly rose above $900 an ounce Friday for the first time as high oil prices, a weak dollar and fears of a U.S. recession led uneasy investors to keep buying the precious metal. An ounce of gold for February delivery on the New York Mercantile Exchange jumped $6.50 to $900.10 in morning trading, an all-time high and a psychologically important milestone. Gold later slipped to $898.70 an ounce on profit-taking but remained in record territory.
http://www.newsday.com/business/nationworld/wire/sns-ap-gold-at-900,0,1270731.story
 
Eh, gold.

A look at the ETF fund in commodities -- i shares -- show the weighting of gold to be fairly low. Oil, one the other hand, has a very large weighting, about 75%.

Recently another analyst on msn.com --Junak is his name, I believe -- has changed his investment strategy by with a very bullish stand on gold. It is a big shift for him. Along with his recommendations is a record of his past performance, and supposedly he has greatly outperformed the indices.

There is another analyst on msn.com who is also bearish, but his name escapes me.


The analyst I respect most is Bob Brinker, and as of now he is not bearish.

For those worried about investment returns, even now one of the better choices is simply to make extra payments on the mortgage. The interest paid on the loan is front-loaded to the extreme. And figuring the interest due compared to the principle is a real eye opener -- you won't get that kind of return anywhere ... anywhere within the law that is.
 
GLD opened at $58 on 6/29/06.
GLD closed at $63.81 yesterday.

+10% in less than two weeks.
 
tsptalk said:
Gold's up another $27 so far today. Now you're just showing off Mike :)
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I think it'll run up close to its old high again. The fundamentals are there. We have a pervasive fear of conflict with Iran over their nuclear program, and just for kicks, the North Koreans threatened nuclear retaliation if we attack them pre-emptively. Then there's the Israeli-Palestinian situation spiraling out of control. If these weren't enough, I believe that inflation data going forward will continue to be at least as bad as what we've seen thus far (note: I don't think that it's really "bad", but the Fed does, and that's all that matters in this discussion, since investors care about the Fed policy).

Why will inflation continue to be a problem? Simple. The government's own calculations all but guarantee it. Excluding home prices while including rent? That should tell you what you need to know - we saw none of the inflationary run-up that should've run parallel to the overheating real estate market of the past five years. We are going to see it now - with mortgage interest rates climbing back toward historical norms, fewer people will buy houses and more will opt to rent instead. That will drive rental prices up which will show up in the inflation data. There's also continued high commodity and energy prices. Yes, commodities sold off awhile ago, but they're climbing back up. These things will work their way into the overall price level.

Since the market looks ahead about 6 months, I figure gold's run will end right around the last Fed rate hike, since inflation seems to lag the Fed by a few months (so when they're done hiking, inflation will also be "done" a few months later - and gold's usefulness as a hedge will be at an end - unless we go to war with Iran, but that's another issue).

This could all be just a bunch of hooey and mindless speculation, but I don't think that it is. FWIW, a high jobs number Friday sends gold into the stratosphere.
 
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