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General Motors Company Message Board

  • personality_less personality_less Jun 25, 2013 1:57 PM Flag

    spiny mouse - hold on to golden rear end...

    Dennis Gartman’s three reasons why gold is going lower:

    1.No more easy monetary policy:
    Gartman says: “Gold needs ‘fuel’ – and lots of it – to move higher. That fuel is easy monetary policies. The Fed has signaled that its era of easier policies is ending and hence the ‘fuel’ is being reduced.”
    2.Other commodities are falling:
    Gartman says: “Gold also needs help from other commodities to ‘fuel’ inflation and that is simply not coming from the commodities markets. The grain markets are at best moribund and the energy markets are stable, with crude rising while natural gas is falling.”
    3.Margin calls:
    Gartman says: “Gold has problems with ‘margin calls’ in the immediate future. Stock prices have weakened and margin clerks look to gold as a mean to raise liquidity.”

    Sentiment: Buy

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    • Greenweenie been in hiding on the down days.

      Duhtroit!

    • Persie,

      The govt is making noises like they're gonna stop printing money, but if you believe that, you're a fool. I do agree that we could use higher interest rates if we want to encourage saving, but that won't happen soon either....not to any great extent. Our debt would explode if the interest on Uncle Sam's debt went up.

      So I don't care WHAT they say -- in the long term, all that matters is what they DO. And I already know what they are gonna do: Print lots more money and keep rates low. Maybe even devalue the currency overnight.

      In any case, the dollar is in trouble like all unbacked fiat currencies, so I'll keep my gold shares, thanks.

      /mm

      Sentiment: Strong Sell

    • ((((Dennis Gartman’s three reasons why gold is going lower:
      1.No more easy monetary policy:
      Gartman says: “Gold needs ‘fuel’ – and lots of it – to move higher. That fuel is easy monetary policies. The Fed has signaled that its era of easier policies is ending and hence the ‘fuel’ is being reduced.”
      ANS: I DISAGREE....THAT HAS BEEN THE FUEL....BUT IN THE FUTURE WILL SIMPLY BE THAT THE US DOLLAR IS A FIAT CURRENCY THAT IS NOT WORTH SQUAT. IF WE LOSE OUR STATUS AS THE WORLD'S RESERVE CURRENCY YOU WILL RUE THE DAY YOU LISTENED TO GARTMAN.

      2.Other commodities are falling:
      Gartman says: “Gold also needs help from other commodities to ‘fuel’ inflation and that is simply not coming from the commodities markets. The grain markets are at best moribund and the energy markets are stable, with crude rising while natural gas is falling.”
      ANS: BALONEY -- GOLD IS GOLD, AND GOLD DOESN'T NEED ANY SUCH THING. THAT IS HIS OPINION, AND THAT'S ALL IT IS. WHEN THERE IS A RUMOR OF WAR OR TURMOIL, GOLD GOES STRAIGHT UP, AND DOES NOT CONSULT TO SEE WHAT WHEAT IS DOING.

      3.Margin calls:
      Gartman says: “Gold has problems with ‘margin calls’ in the immediate future. Stock prices have weakened and margin clerks look to gold as a mean to raise liquidity.”)))))
      ANS: ESSENTIALLY, THE ARGUMENT IS THAT THERE ARE MORONS WHO MIGHT SELL THEIR GOLD. WHATEVER. I WOULD NOT WORRY TOO MUCH ABOUT OWNERS OF GOLD DOING SOMETHING STUPID. THEY ARE ALREADY SMARTER THAN MOST IF THEY OWN IT NOW.

      SO EFF ALL OF THAT, PERSIE, Don't be stupid. Buy gold NOW, while you can, or be sorry later.

      /mm

      Sentiment: Strong Sell

 
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