Sat, Sep 20, 2014, 10:58 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Tanzanian Royalty Exploration Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • bullionairo bullionairo Mar 14, 2012 4:35 PM Flag

    McHugh trumps Sinclair again

    March 14, 2012, at 10:53 am
    by Greg Hunter in the category USAWatchdog.com | Print This Post Print This Post | Email This Post Email This Post

    My Dear Friends

    If you were to talk to the intelligencia of the street you would be treated to the following. I do and I know.

    1. The US economy is reaching escape velocity.
    2. The equity market is now rising on #1 and liquidity is no longer the key ingredient.
    3. The fact that gold did not go to $2000 on the Greek default means gold is tired.
    4. The dollar is strong on all of the above.

    The fact is there is not one ounce of truth in the above.

    1. No account is taken for the savings of $40 billion not spent on utilities on the East coast for the winter that was not. Seasonality will soon factor into statistics, bringing them more toward a mean.
    2. Without liquidity as a primary factor, the general equities market will go into severe reaction also due to weak internals that only stimulation can overcome.
    3. The figures concerning the Greek debt and CDS activation are total fabrications invited by US management due to an election year tolerance for whatever might help.
    4. The dollar this year will cave for reasons few understand. That is sundering of its use as an international settlement mechanism on a weekly basis.

    Look for the long term cash buyers of gold to defeat the lower estimates of price that you will hear blasting out of the top callers, bears and seekers of your subscription money.

    Pull the rock over your hole or go for a long walk. As always avoid margin like a disease.

    Regards,
    Jim

    Low heating bills. That's why the economy is growing. Hey, Magoo gas prices are almost double, that cancels out your theory.

    Amazing how he gets away with this. USD CRASH!!!!! AAAANY DAY NOW!!!!!!!!!!!! FOR THE 3RD TIME IN 3 YEARS!!!!! Mine some gold, Magoo!!!!! And STFU!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • What Sinclair doesn't understand is that for the dollar to collapse some other currency with a large base has to take its place. So I ask what currency is going to rally against the dollar. This is the trade to make not long gold. So CIGAs what is it? Make the currency call.

      The reality is no one is going to transact in any size in gold. When the US was on the gold standard in the 1840s, economic activity was stagnant because there wasn't enough gold to facilitate transactions. That all changed with the California gold rush, think QE, free money in the ground, debasing the currency.

      • 4 Replies to relbochat
      • "What Sinclair doesn't understand is that for the dollar to collapse some other currency with a large base has to take its place. So I ask what currency is going to rally against the dollar. This is the trade to make not long gold."

        Ok. Ill come down to your level. The dollar is being replaced by all other currencies. Since decades ago. The effects of which you are just starting to notice.

        Someday somewhere some country is going to be stupid enough to do what Roosevelt did. But not immediately.

      • "When the US was on the gold standard in the 1840s, economic activity was stagnant because there wasn't enough gold to facilitate transactions. That all changed with the California gold rush, think QE, free money in the ground, debasing the currency."

        I am all for debasing Relbo.

        "What Sinclair doesn't understand is that for the dollar to collapse some other currency with a large base has to take its place."

        No true perse. Multiple currencies can do the job much better.

        "The reality is no one is going to transact in any size in gold."

        Off course not. Thats also not what Sinclair sais. Has nothing to do with the Gold Certificate Ratio Clause he proposes. Which would constitute a fair and competitive and somewhat more balanced system by the way.

      • You appearently dont know the dual use of money. Ill pay in dollars and safe gold. Usd is no store of value its a bottomless pit. Try to fool somoene else.

      • What Sinclair doesn't understand is that for the dollar to collapse some other currency with a large base has to take its place.
        ---------------------------------------------------------------
        like bullion said, you do not need the dollar to crash for gold to go up. gold can rise relative to all currencies even during a rising dollar index. this has happened many times, including late 2008. in my opinion, this gold bull run is just a trade. gold and gold stocks were hot in the 30's and 70's and today. seems like every 30 to 40 years it has its cycle. i think we have a good 2-4 years left before this bubble pops. still expecting a move in GLD similar to what we are seeing in apple right now.

    • What does this have to do with the topic I started? Nothing. The low is close and wave 5 up will be strong. This was an option proposed by McHugh for weeks. I was not surprised at all and will soon enter my long positions. I'm not promoting McHugh just stating the accuracy of his PM forecasts and that this move down is not to be feared but regarded as an opportunity to buy PM's at their nadir.

 
TRX
2.22-0.18(-7.50%)Sep 19 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.