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Rank: Member Joined: 6/21/2007 Posts: 20
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If at the height of the global financial crisis( late last year and early this year) gold did not rally significantly when everyone was looking for safe havens,how is it going to rally into the next decade ? All the gold ever mined is still around. In India they estimate that there is 25,000 tonnes (yes tonnes!) of the yellow metal under mattresses. When and not if India begins to monetise this gold expect prices to come down. The commodity to watch for is oil . We are nearing Peak oil,saudi arabia,the largest oil producer is already there. All the new finds are harder and harder to mine. Oil has also become a financial commodity .
Invest with alpha not leveraged beta
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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@ Dudette,unless your name is @Carygoh or such,I do not see a problem with my man Kinuthia's. Secondly,you are a neophyte and Senor Kinuthia is a neophyte also in which regard,hold your advice until you are atleast a month old. Also Dudette,Cheri,http://www.lyricsdownload.com/les-crane-desiderata-lyrics.html Speak your truth quietly and clearly,and listen to others - Even the dull and ignorant,they too have their story. Mr. Kinuthia,welcome to www.stockskenya.comLive hard,die hard.
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Rank: Member Joined: 7/29/2008 Posts: 170
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@ Kinuthia,,,
Karibu bwana kinuthia,tusaidie kupunguza ujinga.... u may want to put some of those research items in ur own words though to avoid pretty,sollo and ecstasy's wrath......
just a thought.........
Its just me whatever choice you make in life make sure that you can live with it.
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Rank: Member Joined: 10/1/2009 Posts: 139
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@Aemathenge ©I might be older than you here. Ask Leona. Actually,find out who Mlefu actually is and you will shangaa. ©Leona is not fat,she is beautiful and we were together at Sagana. ©Ati you are from Kerugoya? How are the Mungiki guys there? ©Ati if you have to date,you pay Kuonwo pamoja levy. ©Wewe wacha porojo. ©Simply because I changed my name I become a neophyte? ©Let me get you at aemathenge@gmail.com© The signature of a woman of substance is evident in her work,many years after she is gone.
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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@ Dudette darling. You want a war? Bring it on,sweetheart. Let us fight like true Skerians. Log on to: http://www.stockskenya.c...site/stkfantasyNSE.aspx Oh and by the way,the mungiki came to Kerugoya and we sent them to the Hague. If you have been here long enough,you will have seen my posts about that war. Lets party. Live hard,die hard.
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Rank: Member Joined: 10/2/2009 Posts: 71
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@solloh
Thank you for your observations. You are correct,during the financial crisis (2007 - 2009),gold did fall as did all other asset classes with the exception of U.S. Treasuries and the Japanese Yen.
In the 1929 stock market crash in the U.S.,the Dollar too strengthened. This time was no different. History rhymes.
A preview of the technical levels for gold given by Alf Field indicates that a major correction was due for gold and thus a major rally for the dollar,thereby completing Phase 1 of the Gold Bull Market. It was in the cards,the crisis acted as a catalyst.
Inspite of this,the gold quickly retraced its fall and is sitting at levels last seen in March 2008 thereby confirming its role as a store of wealth unlike crude oil which is trading at 50% from its peak. Nevertheless,crude oil exhibited the higher percentage appreciation of the two between 2001 and 2008.
In addition to its monetary qualities,gold is a hedge against lack of confidence in the financial management of an economy. Lack of confidence is exhibited through the collapse of the common stock of a nation which is its currency. The result thereof is hyperinflation.
We are threatened with a U.S. Dollar crisis largely due lack of confidence in the Obama Administration. $12.8 trillion of bailouts and guarantees have not turned around the U.S. economy. This massive overhang of dollars in the international financial system will act as a lead weight to its value versus other major currencies and commodities.
Please note: it is not gold or oil or copper or coffee that are appreciating,it is the U.S. Dollar that is depreciating. The period from 1980 - 2001 which saw a strong dollar resulted in declines in the value of commodites with the exception of platinum.
Please note: the Indian woman is the bank of the family,in most cases adorning the savings account on herself as jewellery. Monetising bling at a time of increasing national wealth and rising gold values will not be favoured.
Thanks for listening.
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Rank: Member Joined: 10/2/2009 Posts: 71
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Prelude to a mushroom cloud? 'WASHINGTON,Sept. 29 (UPI) A nuclear-armed Taliban? It may not be as far-fetched as it might first appear. The Taliban already control or have a significant presence in northwest Pakistan along a critical stretch of the Afghan border. Taliban units operate with relative impunity in the region surrounding Peshawar,Pakistan's major population,commercial and transportation center less than 100 miles from Pakistan's capital,Islamabad. Dominance of Taliban and al-Qaida forces in the pivotal northwest region of Pakistan provides not only a sanctuary and training centers for attacks on Afghanistan,but it has become a base of operations to weaken any pro-Western sentiments among the Pakistani people and the government in Islamabad....' Read more: http://www.upi.com/Emerg...iban/UPI-25021254238824/
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Rank: Member Joined: 10/2/2009 Posts: 71
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Witness the dollar death spiral. It is an open secret that the dollar is on life support with occassional bursts of energy. The dollar is dead,long live the dollar! 'In the most profound financial change in recent Middle East history,Gulf Arabs are planning – along with China,Russia,Japan and France – to end dollar dealings for oil,moving instead to a basket of currencies including the Japanese yen and Chinese yuan,the euro,gold and a new,unified currency planned for nations in the Gulf Co-operation Council,including Saudi Arabia,Abu Dhabi,Kuwait and Qatar. Secret meetings have already been held by finance ministers and central bank governors in Russia,China,Japan and Brazil to work on the scheme,which will mean that oil will no longer be priced in dollars....' Read more: http://www.independent.c...-the-dollar-1798175.html
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Rank: Member Joined: 10/2/2009 Posts: 71
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Forget Me Not. Print this article and paste it on your wall. 'We believe that a key underlying driver for the recent strength in the gold price has been the fundamental weakness in the U.S. dollar rather than strong fundamental demand for gold...' Read more: http://ftalphaville.ft.c...-golddollar-correlation/
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Rank: Member Joined: 9/27/2006 Posts: 506
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