Monday, August 11, 2008
10:20AMPDST THE EYE OF THE STORM IS NOW!
Dollar goosed up to .7640
Euro dropped to 1.4883 but rallying a bit to 1.4894
Dow up at 11800s
Bonds in the 115s
Oil in the slipping back into the 112s from the 113s
This is the eye of the hurricane where everything is still,
but the violence of the down side is now going to be
replaced by the violence of the UPSIDE!
Subscribe to:
Post Comments (Atom)
6 comments:
I think the banks have enough money from the fed to manipulate the market for months...
They need a bubble somewhere and it looks like the Stock market is going to be it....
Read the latest article from Culture of Life web site.
I think she nailed it !
You didn't think you where going to beat the government at there own game?? Did you??
They make ... And change the rules as they please.
I don't know about you guys ....
But I'm feeling like I just got taken at a poker game by a bunch of thugs...
I'm not cashing out ... That's for sure.... But I'm getting the feeling gold isn't hitting 1200 for quite a while..
geist...
Don't be too sure about that...
I agree that the Guv'mint is nothing but thugs with an army to enforce their thuggery...
But the Laws of Economics have always defeated counterfeiters and
the idiots that resort to it to
control populations to maintain their dictatorships...
Remember, they have to pay their "enforcers" with something worth something!
I see gold at even new highs than before early this year...
Because it's happened the last three years right after similar wipeouts like this...
I hope you are right GT.
geist...
So do I...
Even Sinclair says that the rise
to $1200 might be delayed by 3 months...
I have been through this for at least the last three years now, and when you think gold
will take years to repair itself...
It takes off like a rocket, and if
you're not onboard from the takeoff, you lose a fortune, and are thrown into that horrible state of indecision about buying in too high versus waiting for the pullback, which, if it comes, you never believe is the whole pullback, so you wait too long and gold takes off again, making the indecision factor even worse...
As a CASH BUYER...you shouldn't have any trouble...
It's traders that have the worst problem.
GT.... Gold will go higher ... Just a matter of when ..
Just makes me nervious when I see the crimanals gaining ground ... It will be short lived....they can't win this one ... There are too many things stacked against them ... If they do pull of creating a new bubble ... I guess they will deserve the extra time ... But you and I both know ... Gold will be currency .. Even if it is short lived .. People will rush to gold when the currency collapses... and hold it till the new deal is offered..
Time will tell...
Thanks for the pep talk ... I needed it
Geist...
Post a Comment