You know that they are wrong for buying gold (now)
I know that they are freekin out of their minds in their analysis.
All I can say is:
http://www.youtube.com/watch?v=sO_QntXc-c4
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For the love of Khrysos, what happened to gold?
- Thread starter tmarket
- Start date
You know that they are wrong for buying gold (now)
I know that they are freekin out of their minds in their analysis.
All I can say is:
http://www.youtube.com/watch?v=sO_QntXc-c4
Quote from Ghost of Cutten:
In that case, the undesirable activity is the breaking into peoples homes, stealing, defrauding the welfare system etc i.e. genuine crime. Which is already illegal. A bit like people who like alcohol but drink and drive, or drink and beat their wives or start fights. People who take drugs and *do not* commit crime (other than taking the drug of course) should be treated the same as people who drink and don't beat their wives, people who drink but don't drink and drive.
Basically you are convicting people who can take drugs without stealing or harming other people, for the actions of those drug-takers who do resort to crime and harm. On the same logic, we should convict everyone who drinks of a crime, for the actions of those drinkers who do commit crime whilst intoxicated. And convict all smokers, for the actions of those who smoke in front of their young children and fill their growing lungs with tar and carcinogens.
I take it you want to ban alcohol and smoking too, for those identical reasons right? After all, that is the only logically consistent position. Either you do collective punishment equally across all goods and acts which have negative social consequences (so cars are banned because some people drive recklessly and kill people; booze and cigarettes are banned etc), or you convict only on an individual basis, punishing people for genuine moral crimes that *they themselves have committed*. You don't jail people who have done nothing wrong, just because other people doing similar things decided to turn criminal.
excellent post
and welcome back ghost
As Wyckoff and Livermore said well you want to be selling when everyone says buy and vice versa. Seriously how many people were pimpin gold on tv, retired washed up actors, commericals on the radio, just ridiculous. I still belive the long term is up but never buy at the high, buy on a pullback we all know that, or should.
Quote from ang_99:
RM, just thought I'd throw my .02 in. The reason I have trouble subscribing to the whole 'legalize drugs' school of though is this..
When idiots become addicted to drugs they break down and become a liability to society. They will break into your home for 5 dollars. They leech off the system and contribute nothing. They are no longer themselves and become a heavy burden to everyone around them.
Trust me, I've know many addicts.
You should take a look at Netherlands and then re-evaluate your view. Legalizing or Decriminalizing drugs is not about supporting & promoting drugs use and drug habits. It is the same concept as to why Prohibition had to be abolished.
Quote from ang_99:
RM, just thought I'd throw my .02 in. The reason I have trouble subscribing to the whole 'legalize drugs' school of though is this..
When idiots become addicted to drugs they break down and become a liability to society. They will break into your home for 5 dollars. They leech off the system and contribute nothing. They are no longer themselves and become a heavy burden to everyone around them.
Trust me, I've know many addicts.
You group all addicts together. Trust me I have personally known many as well. There are functional ones, alcholics, drug addicts and there are street bums and the like. Legalize marijuana sure, cocaine and heroin, not sure about that.
Many European countries do fine with a policy of decriminilization or legalization of marijuana including CZ, where I am on holiday. Go to the red light district of Amersterdam there is no more crime until you get to the street bum junkie areas.
Giving more time to weed dealer than sex criminals is a fucking joke! Reagan's War on Drugs is freakin' joke . The DEA admits the are losing the War on Drugs, and they never were winning. How did Prohibition work out? Made Capone a rich man it did.
RM has stately openly he has suffered from depression, many ppl self medicate because the effects from legal drugs are worse than illegal.
Hey, I know my credibility has been shattered because I've only been correct on my calls around 80% of the time, but right here, right now is another great entry point to get long gold. I just bought more.
Current spot price: $1111.70
Looking to exit some when it trades ~$1145 in a few days, and holding the rest for longer term.
Current spot price: $1111.70
Looking to exit some when it trades ~$1145 in a few days, and holding the rest for longer term.
Quote from Rearden Metal:
Hey, I know my credibility has been shattered because I've only been correct on my calls around 80% of the time, but right here, right now is another great entry point to get long gold. I just bought more.
Current spot price: $1111.70
Looking to exit some when it trades ~$1145 in a few days, and holding the rest for longer term.
Silver has taken an even bigger hit today, but is at support.
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Quote from Rearden Metal:
Hey, I know my credibility has been shattered because I've only been correct on my calls around 80% of the time, but right here, right now is another great entry point to get long gold. I just bought more.
Current spot price: $1111.70
Looking to exit some when it trades ~$1145 in a few days, and holding the rest for longer term.
This consolidation phase in gold is painful being long theta. Thats all I can say.