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Good point. Its a great deal for us. China sends us cheap products. We send them dollars(Treasuries) that they can't spend or get rid of.

I guess what I am saying is that when you use weekly charts that are not log scale it distorts the the view. That move up in 2006 was a huge move but look how small it looks on your chart. Pan out a little further and use a log chart and the view becomes clearer. We are overbought a little...

I would agree that gold is overbought but it appears that the speculative phase hasn't even begun.

In your opinion, what fundamental reason or impetus will drive the US economy in the years ahead? Interest rates are already at zero so they can only go up from here. The real estate bubble has already been inflated and burst. The technology bubble as already inflated and burst...

Buckle your seatbelts. However, gold is going much higher.

Yes, but every time there is a successful short term auction longs seem to rally too. I have been long TBT for quite a while and watch it very closely. What is your view?

You would think so but this market is heavily manipulated. The Fed is still buying mortgage backed securities and the sellers of those securities just switch the money into treasuries so really the Fed is still propping the treasuries up. Also, now countries around the world are buying dollars...

Ok, your great grandfather put at $20 in a mattress for safekeeping and you pull it out today for spending. That $20 bill was quite a sum back then. That $20 has practically no value now. Of course your $20 has lost most of its value.

I happen to agree with you. When the Fed attempts to take that liquidity back it might get really bad in a hurry. The other scenario might be that they never try to take it back. They will always look at some economic statistic that prevents them from doing so. We most likely will end up...

I believe that things will get much much worse but for now things are definitely getting much better....in housing anyway. In my neighborhood, new construction has been close to nonexistent for 2 years. In the last 3 months, houses have been popping up everywhere. I have notice traffic up and...

:D

Quote from fullblotter: people say that gold has been money for "thousands of years". so what ? sticks used to be money too. they are no longer. deal with it kooks. My oh my. Some people here are dense. Gold has been used as money for thousands of years. THE WHOLE TIME. It still is...

What central banks are selling part of their inventory? It doesn't take a gold bug to realize that gold has been used as money for thousands of years. Also, the "oil bubble" hasn't ended yet. Central banks are trying to diversify out of dollars. They are buying Yen, Euros, Gold, and Oil.

There will be intense pressure from China's trading partners to let their currency rise.

I would have paid $450 and made him sue me for the rest. The real problem with health care is that there is no real competition. Insurance pays the bill. If there was no insurance the price would be much lower. Patients would shop for the best price(like everything else) and read reviews...

That clip is more than 6 months old.

Michael Moore is a communist and Americans should be very leery of guys like him. You don't want to promote central planners like him on television too much. Hopefully our young people understand this.

There must have been a ton of people waiting to sell and when the selling started everbody piled on, including me. It has been my experience that selloffs like this extend to the next day. I sold my only long position and bought some double short S&P 500. If the market rallies tomorrow I will...

Along with stocks and the US economy.

Gartman is always trying to get "a little less long" when something is going up and "a little less short" when something is going down. Nothing he has ever said has made one bit of sense.