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hisah
#11 Posted : Tuesday, August 30, 2011 5:59:52 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Back in May 2010. CNBC talking heads vs P. Schiff. I like this classic exchanges esp on how gold is a bubble as the global economy 'recovers' in an endless recession as per the mainstream biz media houses & most govt central planners.

http://www.youtube.com/watch?v=XW3jFfVtYSs

And in July 2011 Bernanke vs R. Paul. Bernanke says gold is a safe haven during panic central. Asked if it's money, no is the answer. Asked why central banks hold it as reserves instead of diamonds, he says it's tradition. This bankster is so cornered smile

My query to him would why are China, India, S.Korea central banks & others buying gold instead of swapping more dollar reserves? Why is Venezuela recalling its gold stash from european bank vaults?

http:// www.youtube.com/watch?v=2NJnL10vZ1Y
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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futurestrader
#12 Posted : Tuesday, August 30, 2011 9:05:13 AM
Rank: New-farer

Joined: 8/26/2011
Posts: 16
@hisah so true . There has to be a reason why central banks are buying gold. I remember when India was buying several tonnes of gold at the $1200 area...many pundits thought they were crazy...right now who is having the last laugh

Gold is heading for $3000 and oil is heading for $200 without the barrel :) ....Bull or Bubble...there is money to be made...hedge funds have been waiting for gold to burst...for 10 years they are still waiting lol..

have a fab day trading yall..see you in the evening
Quote:
Audaces Fortuna Iuvat
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hisah
#13 Posted : Tuesday, August 30, 2011 9:53:11 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
futurestrader wrote:
@hisah so true . There has to be a reason why central banks are buying gold. I remember when India was buying several tonnes of gold at the $1200 area...many pundits thought they were crazy...right now who is having the last laugh

Gold is heading for $3000 and oil is heading for $200 without the barrel :) ....Bull or Bubble...there is money to be made...hedge funds have been waiting for gold to burst...for 10 years they are still waiting lol..

have a fab day trading yall..see you in the evening

S. Korea CB (Central Bank) bought @ $1400. I'm waiting to see the WGC (World Gold Council) end year report. Last year's report showed a lot of CBs increased gold holdings than being net sellers a trend that has been in place more than 2 decades...

As usual hedgefunds are 'good' with money moves. A number of them will go bust again after the sudden global market selloff. Someone called J. Paulson & his fund has seen blue-black this year. The smaller hedgefunds must be about to get margin calls...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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futurestrader
#14 Posted : Tuesday, August 30, 2011 9:59:44 AM
Rank: New-farer

Joined: 8/26/2011
Posts: 16
@hisah..btw..i scalp xau alot...that swing trade..i came out 50% less...i panicked after 2 days of sell off...too bad i cannot get that price again of 1515..
Quote:
Audaces Fortuna Iuvat
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futurestrader
#15 Posted : Wednesday, August 31, 2011 9:53:07 AM
Rank: New-farer

Joined: 8/26/2011
Posts: 16
quiet morning...made some losses...not bad...the day is still young...Gold packs in some pleasant surprises
Quote:
Audaces Fortuna Iuvat
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hisah
#16 Posted : Sunday, September 04, 2011 10:38:08 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Keep this in mind goldbugs...

1869 September 24
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#17 Posted : Sunday, September 04, 2011 2:43:20 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Hey guys. What are the chances of seeing $2,500/ounce soon.
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hisah
#18 Posted : Sunday, September 04, 2011 3:51:03 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
As soon as tomorrow if the Greek bailout drama continues with IMF & EU throwing tomatoes at each other or Bungestag deciced on Sept 7th that it is not Germany's taxpayers biz to bailout a fiscally indisciplined greek political fat-cats or as soon as Greece says it can't find cash to pay for the maturing greek bonds on Sept 22nd... Then Italy/Spain/Portugal CDS will go crackers with their interest rates going on a parabolic just like greek's 1yr note is now at 70%... At that moment, I'd expect a lot of euro banks to see liquidity drought esp for USD funds and that panic will see another upleg on gold & silver...

As it is, I expect by Nov 2011 when the rubber in Euroland and US meets the road, gold could be above $2500 and silver at $60...

Let us wait and see what the tape will read like by Dec 2011...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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futurestrader
#19 Posted : Sunday, September 04, 2011 3:55:41 PM
Rank: New-farer

Joined: 8/26/2011
Posts: 16
yes - all that hisah has clearly mentioned :)

Quote:
Audaces Fortuna Iuvat
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Cde Monomotapa
#20 Posted : Sunday, September 04, 2011 4:19:59 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Great smile Thanks.
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