Archive through May 24, 2006

Chart Forum » Forex » GOLD-Anyone for tea? » Archive through May 24, 2006

«« « Previous Next » »»

Author

Message

hilarius

Member

Post Number: 1783
Registered: 04-2004

Rating: N/A
Votes: 0


Sunday, April 30, 2006 - 04:08 pm:

Archer

It's good to know nothing like this can ever happen again

Just back from the service station ... where I placed a holding deposit on 10 millilitres of petrol :-)

Hilarius

I come in peace to share my thoughts and to shine my candle light on possible long term opportunities

archer

Member

Post Number: 1486
Registered: 11-2002

Rating: N/A
Votes: 0


Sunday, April 30, 2006 - 04:21 pm:

Hilarius
Of course the huge readership of this fine thread
know also that this event cannot ever happen again
Because the German mark does not exist anymore
As for other currencies---Stay tuned

archer

Member

Post Number: 1492
Registered: 11-2002

Rating: N/A
Votes: 0


Tuesday, May 02, 2006 - 07:20 pm:

Gold is money; it is not a commodity. Its value relative to fiat currencies is purely a function of the relative inflation rates of gold and other currencies. The gold price may fluctuate based on investor psychology, just like the price of any financial asset, but it will always revert back to its fundamental value, which is determined by relative inflation rates.

http://www.321gold.com/editorials/vaneeden/vaneeden050106.html

archer

Member

Post Number: 1496
Registered: 11-2002

Rating: N/A
Votes: 0


Wednesday, May 03, 2006 - 08:14 pm:

It struck me tonight that gold is ONLY 170 bucks from its
ATH
I would have thought by this stage this thread would be
humming
Just shows how far we still have to go in this
MIGHTY bull market(;->

captain_chaza

Member

Post Number: 1878
Registered: 02-2003

Rating: N/A
Votes: 0


Wednesday, May 03, 2006 - 08:36 pm:

Ahoy Sea-Cadet Archie

I don't think there is a rug under the price of any of the metals ATM
The Physical Prices! That is!

Are not the Chinese on a weeks holiday this week?
and Well deserved I may add!
Crikey! I hope they don't discover Golf ?

I hate sailing on the seat of my pants and on the blind!

capn

"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.

"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893

"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897

doctor_stock

Member

Post Number: 1
Registered: 05-2006

Rating: N/A
Votes: 0


Wednesday, May 10, 2006 - 02:59 am:

Ahoy Captain, any chance of joining your ship of fools for a voyage into uncharted seas?

"Gold was $19,000 an ounce in May 1781"
David Burton, www.schoolofgann.com

perler59

Member

Post Number: 818
Registered: 09-2003

Rating: N/A
Votes: 0


Wednesday, May 10, 2006 - 03:30 pm:

I found this very interesting:

http://www.tradethemarkets.com/video/gold05092006/gold05092006.html

http://sttc.net.au/~stever

archer

Member

Post Number: 1505
Registered: 11-2002

Rating: N/A
Votes: 0


Friday, May 12, 2006 - 08:55 pm:

No rug hey Caveman-Back to the LEMMINGS for you
Its not too late to change bad paper to real money
--------
There is little chance that the mountain of US debt will ever be repaid, or that the US trade deficit will be reversed. Without massive inflation, the US has no way to meet its $50 trillion Social Security and Medicare obligations. As global investors look to other currencies, they will realize they are not fundamentally any better. Most foreign central banks will attempt to debase their currencies to match the decline in the US dollar in order to stay competitive in exports, resulting in a round of competing currency devaluations where all paper currencies decline relative to gold, silver and platinum. Individual investors, institutions and central banks will turn to the historical safe haven of precious metals to protect their wealth. Since all three metals are already in a supply deficit and aboveground supplies are minute in comparison to financial assets, growing demand will push precious metals' prices dramatically higher.

The ultimate consequences of Richard Nixon's decision to close the gold window on August 15, 1971 will then be understood by everyone.

http://www.321gold.com/editorials/barisheff/barisheff051106.html
------------------
Bridgewater's savage summary: "...Now you've got a new, academic, waffling Fed chairman, a falling dollar, a falling bond market, rising gold and commodities prices, and an underperforming stock market all with a giant current account deficit ..."

Its caustic conclusion: "Bernanke is rapidly losing control."
http://custom.marketwatch.com/custom/earthlink-net/mw-news.asp?guid={DA520BF5-1170-4CF0-8381-8EEF45655B05}

archer

Member

Post Number: 1506
Registered: 11-2002

Rating: N/A
Votes: 0


Friday, May 12, 2006 - 09:00 pm:

What the Price of Gold is Telling Us

http://www.house.gov/paul/congrec/congrec2006/cr042506.htm

hilarius

Member

Post Number: 1798
Registered: 04-2004

Rating: N/A
Votes: 0


Friday, May 12, 2006 - 09:28 pm:

So Archer

I gather you are not a great fan of the central banks, especially the Fed?

Let us just imagine that you are appointed to that esteemed body as its Chairman

What would be your corrective actions?

Maybe you could find a practical purpose for all this useless gold that is sloshing around in speculators hands?

Perhaps the world's most plentiful raw material, bauxite, after being smelted, could be used to produce homes for the homeless and then we could apply gold leaf to each front door, or to the taps of the waterless hordes in Africa?

Would you be able to find a way to get water to the thirsty who have less to drink than the average Westerner flushes down his or her pure white ceramic toilet?

With Best Wishes

Hilarius

I come in peace to share my thoughts and to shine my candle light on possible long term opportunities

ingot54

Member

Post Number: 1471
Registered: 05-2004

Rating: N/A
Votes: 0


Saturday, May 13, 2006 - 09:03 am:

Archer -I'd like your opinion on where China will be positioned, if inflation runs rampant in the Western world.

Given that China steadfastly refuses to re-value/devalue the RMB, and given the trading debt owed to China by most of its trading partners, they stand to gain the most by inflation in the western nations.

Is this the case?

Keep Smiling

Trading style :CFD's predominantly long term.

peterloh

Member

Post Number: 1812
Registered: 03-2003

Rating: N/A
Votes: 0


Saturday, May 13, 2006 - 10:00 am:

Ingot,

China will not benefit if inflation is rampant in the Western world, China is part of the world scence.China is only starting to prosper from a very low base and is slowly learning this new game of capitalism.Currently they have benefited from the export of their cheap labour cost. Gradually they will have to adjust but not overnight.In the long run things will balance up, as they are now catching up after a hundred years in the wilderness. Give them time, they will come around.They have to organise themselves with new challenges from their start up of industrialisation. That's my opinion only, for what it is worth.

-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

archer

Member

Post Number: 1507
Registered: 11-2002

Rating: N/A
Votes: 0


Sunday, May 14, 2006 - 09:03 am:

Hilarius
I simply dont have the intellect to answer your questions
I am a very ordinary person
People buy gold when they lose faith in governments
You know why people are losing faith
---
Ingot
Inflation will run wild everywhere-not just the western world
As Pete says-thing will balance up
China wont re-value so currently the U.S is DE-valuing and soon
other countries will de-value to be competitive and a balance will be found somewhere in between
I prefer to hold PMs rather than paper money during the de-value process to maintain my purchasing power

archer

Member

Post Number: 1510
Registered: 11-2002

Rating: N/A
Votes: 0


Sunday, May 14, 2006 - 11:02 am:

Poor Mr. Bernanke
http://www.gold-eagle.com/editorials_05/faber051206.html