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SPDR Gold Shares Message Board

  • boiler_room_bermuda boiler_room_bermuda Sep 23, 2009 12:21 PM Flag

    for those about to die, Big Ben salutes you

    Bernacke can body slam gold by over $50 per ounce DOWN this afternoon. Any mention of FED tightening or higher rates or drawing back = US dollar HIgher and gold lower. Gold is at bubble price level now.

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    • He can say whatever he wants. He does not have the option of raising rates in any meaningful way and he will not be able to for years.

      • 1 Reply to wiscphil
      • He can say whatever he wants. He does not have the option of raising rates in any meaningful way and he will not be able to for years.>>>>

        Too bad most don't understand that. They think the economy is about government manipulation and silly gestures. It's mostly basic math.

        Nothing Bernanke says at this point makes much difference. We are broke, can't pay our debts, forced to print money, and you can't slogan or speech your way out of it. The naive will learn hard.

    • The extremely wealthy elites have a ton of treasuries. THe Chinese have a ton of treasuries.

      Are the masters of the universe going to tell mouthpiece/butler/slave/disposable Bernanke to raise interest rates.

      And any recovery in the real estate market will be stymied by an interest rate rise.

      Will an interest rate rise help the economy ? Who can afford to pay more for loans. And who is even borrowing now or lending for that matter.

      An interest rate rise signal will also bring the DOW lower. Or am I wrong ?

      The fed can't lower rates (unless they want to go negative) and the fed can't raise rates.

      Of course the masters of the universe are luciferians, so at some level anything is possible. That is why we desperately need to have an audit of the fed, so they can no longer use financial WMD on us.

      JMO

      • 2 Replies to charlie.54321
      • “That is why we desperately need to have an audit of the fed, so they can no longer use financial WMD on us.”

        Careful what you wish for. Mark Levin was just on his radio program today slamming Ron Paul, among like minded others, as another “nut job” politician. Apparently Levin is in the pockets of the banksters as well. However Levin also cannot resist accepting the advertising revenues from those in the precious metals business. But Levin’s comments also reveal that he opposes an audit of the Fed, given the timing of his statements.

        All of this needs to be kept in context. We are probably on the cusp of a short term downturn in the PM markets. No one should be discouraged by the likes of Levin, and their ilk, to take advantage of adding to their holdings at lower prices.

      • When they audit Ft. Knox and the American people realize we have 12,000 tons of gold, the price of gold will be crushed by over 60%.

    • To play devils advocate Big Ben could also say that the easy money policy will continue until the jobs numbers improve in which case the dollar will dive even further driving up the price of gold.

      i agree that Au is in a bubble. To say that gold is in a bubble is a gross understatement. Any downward movement that appears to be a reversal (like the dollar going higher) will cause a stampede of historic proportions towards the door. Gold is a very double edged sword to be playing with right now.

      • 2 Replies to dmj3430
      • The whole economy is a Bubble right now with the massive flooding of paper currencies into the various countries.

        Even China dumped over $700 Billion into their economy....which the Bank of China said 80% of which went into the stock market.

        This is why the Vice Pres of BOC said last week the China market is a Bubble right now.

        GL!

      • How much stimulus is created by GLD? At a $1000 POG does this ETF have any stimulus to the US economy? It really makes me think about what would happen if the 32B plus was in the economy in an actual innovative investment. I mean, buying gold does help those third world countries that mostly produce it, but how does it help the average American? We know that the Jewelry Business is being destroyed by hoarding, so what do the jewelers do, buy your scarp and flood the market with more gold. Well at some point the bubble will break!

 
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