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No bounce this time. all bets must be on Friday. Gold wil hit 2k on Monday if Uncle Ben announces QE3. If he does not and stocks tank again as a result, fear will drive it to 2k a week later instead. All the short term gold holders have been shaken out via margin calls, so the brakes are off. MS computers say gold at $...more
The defense budget creates a LOT of trickle down jobs. Ask any business owner anywhere near a military base or major defense contractors plant. You would THINK there just might be a clue there huh. Housing used to do the same but it is gone for good as trickle down job stimulus thanks to greed is good Capitalism
What is needed is stimulus very similar to the defense budget elsewhere such as bridge construcrtion and National parks projects. The money given to construction contractors will trickle down through the communities EXACTLY the same as it does when a military or defense contractor is nearby or when there was a housing...more
When someone says business wil not hire because of tax and regulation unknowns, and completely leaves out the lack of consumer demand in the equation, I stop listening. Figure out why there is no consumer demand - and it ain't because of taxes and regulations- and you will be on the road to recovery
When you tell so...more
Silver has risen because China encourages its peasnts to invest in it. If there is a slowdown they will cash it in and that along with less commercial and industrial demand could cause prices to crash. gold is an entirly different story. The upper Class invests in it as a hedge for exactly what is going down. When gol...more
What is so fascinating is that the gold bug scenario of the Eurpean banks falling like dominoes AND the rush into US T bills is on the verge of coming true. The PROBLEM as they put it with the rush into t bills is that all the eggs are now in one basket so if there is suddenly a mass need for cash liquidity. it has to ...more
I would love to see some well known gold bug get a segment on CNBC and go over in detail the scenario they have been expecting to play out that wil cause the global financial house of cards to collapse. i distinctly remember reading when Dubai got downgraded and needed a bailout that the gold bugs were saying the same ...more
When I assume something, I make an **** out of u and me. Why do people assume the patterns of past recoveries will follow the same graphs of the past today, when the data input is not the same?. There was no housing bubble and pop in past recessions, China was not emerging and Europe did not have the banking problems...more
What will Uncle ben promulgate at Jackson Hole later this month? He SAYS he will keep interest rates low for at least two years, which is disconcerting in itself because he is , in effect, saying the economy needs a crutch for that long a time. But what happens if inflation accelerates?
Speaking of Jackson Hole, I...more
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