To: Whitmore G. who wrote (48077) | 10/10/2014 2:19:52 AM | From: NOW | | | i have to say, you don't seem to make many predictions but this one was clearly one of the finest ever called on SI
Dow may touch lower 7k in next few weeks. Also, I think the US dollar will finally start to trade down when the US moves with it's even more aggressive rate cut later this month, if not before then. Gold will strengthen from here. Currencythoughts.com says dollar move up is based on forced liquidations of hedge funds who are closing their books for their year end and not on capital flows which are negative for the US dollar and getting more so. Also deflation ,the likely future now, is bullish for gold just as the recent inflation was. The strength in the US dollar is also not justified by European manufacturing growth being lower then the US. The opposite in fact is the case. Gold would continue to suffer if price stability is maintained but that would entail disinflation and continued slow price growth which is highly unlikely given the down force coming from the current house price cavitation. The price of gold performed well in the thirties deflationary market. It will again in the coming and current deflationary environment. The instability likely to come from failure of Lehman swap payments to settle, due in coming week,Tuesday, from those under writers on the hook for it and the auctioning of us dollars in Europe as a part of their bank rescue package will also weigh heavily on the US dollar the principle of which, let us not forget, is the source of all this mess. |
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To: EACarl who wrote (48079) | 10/31/2014 4:26:46 PM | From: EACarl | | | Interesting. NEM last hit this price in Jan 2002. Gold at that point was around $277~. That's a QUADRUPLE in the price of GOLD and a go NOWHERE in the price of NEM over the same time period. |
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To: EACarl who wrote (48080) | 11/1/2014 10:37:33 AM | From: Follies | | | Sorry about the size, but look at this 18 year chart of the price of gold divided by the XAU. The miners have been going down realtiv to gold for 18 years. |
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To: gold$10k who wrote (48083) | 1/21/2015 12:15:20 PM | From: dara | | | Thx! They look rather nice. Now is this the bottom or a bear market rally? Where is that crystal ball?!? |
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From: dara | 3/8/2015 12:18:06 PM | | | | Jim Puplava interviews Greg Weldon on the markets covering oil, currencies and gold. Interview starts 17 minutes into the program and ends at 39 minutes.
financialsense.com |
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