If what this article says comes to pass it will be the beginning of the end to the PM bull. We are still several years from there now but it is worth thinking about an end game. Folks that held too long in 1980 went from $400 to $400 missing the $850 spike real easily. Mind you I am very bullish on the PM's and in particular GG and SLW as well as NEM. I still believe we are just barely into this thing. I even told someone recently that I believed we are not entering phase II instead this is phase I of the PM bull and what we had from 2000 up till the end of 2004 was a US DOLLAR BEAR MARKET driving gold higher. I say this because gold went sideways and down in those 4 years in every currency but the USD. Now gold is rising in ALL CURRENCIES therefore the real gold bull is on now. If I am right then this will be huge as phase II sees investors buying like crazy before we even reach the "fear' phase of the bull. I do not know but I sometimes wonder if $3000 gold will happen before 2012 - 2016. Of course the timing is hard to place and a lot can happen in the world to affect the USD before the gold bull does. I will tell you one thing. I sleep soundly at night knowing that no matter what the next weeks. months bring the long term is going to drive gold through the roof. As goes gold so shall silver. Silver may and probably will continue to outperform gold all through the bull up until the fear phase when everyone will want physical gold.
Here is the link to the story about the end game and what will bring it on IMHO.
Thanks for listening to my incoherent diatribes spoken with forked tongue , etc, etc.
I want to expose you. You have no right to do what you're doing and i will not stop if i see wrong.
Trying to keep the board from knowing the truth?
The rest of the board should know what you did.
You cant just turn people on and off and expect them to be friendly with you. Why dont you go back and find your post to see how much you really believe what you say. I have been constuctive in telling this board what i own and some idea of how i play the game but when you tell people they should tell you the exact time of day they make their trades and the amts then its time for me to tell you flake off.
You do remember that time of your boring life dont you?
I dont need your telling me when you expect slw to go down either. You're like a Cramer.
Petrodollars heighten risk from global imbalances: IMF report
It's called trying to create a dialogue and encourage explanations of positions. It is how we learn from each other. Everyone should be able to learn something form someone.
I must ask though why is it you constantly try to fan the flames on here? Why do you never try to be constructive? Why do you always throw yourself in the middle of conversations between others and never in a positive way?
rgrowden - thanks for the update. My numbers are a couple of months old. That just shows us that it are getting worse, not better.
EBAY may have a good year next year throught the huge volume of distressed sales. But now that I am thinking about it. Nobody will be able to buy those plasma TV's on Ebay because everyone will be selling. Maybe the China consumer will buy back their TV's at pennies to the dollar through ebay.
Actually, it costs us 3 billion a month - over 85 billion per year. Also, the average us citizen had a negative savings rate of 5%. That means we not only spent every dollar we earned, we also borrowed and spent another 5% - usually by refinancing our homes. Those plasma tv's are going to be selling pretty cheap on ebay next year.
I am being a little sarcastic here, but the USA could be in worse shape then China. The U.S. must borrow 2 billion dollars a day from foriegn investors to keep our economy running. Jeeze, if that dry's up, we do not have any manufacturing products to export. All we will be able to is provide each other with financial consulting, granite counter tops, and health care.
China has a account export surplus and its consumers save 25% of their income. They export products to not only the U.S. but the whole world. The U.S. consumer spends more then he makes and must pay his debt eventually.