found out $1,800.00 for overnight margin for mini gold...cool
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Gold "Gone Wild" Where does it end? $2,000.00?
- Thread starter increasenow
- Start date
Quote from Anaconda:
You said that the Cash4Gold guys are sellers now instead of buyers. You're wrong, they have always been buyers & re-sellers. As for the recent lack of advertising, you are very mistaken. More of these shops are opening up by the week. The "gold parties" are being advertised in local papers as well as Cash4Gold copycats. My guess is that these new shops are middlemen for Cash4Gold as they need the use of the refinery. The public are sellers not buyers of gold. What do you think that means, hmm?
It means that you've totally missed my point. Yes, they're always buying and selling. The point was that they are now buying less than they were before relative to their selling. You claim your anecdotal experience vis a vis the Cash 4 Gold shops is different than mine. Fine. But I stand by my observations.
What ton of indicators? Name one. Silver lagging gold? You do realize that silver has lagged gold for years. It took a much bigger dive during the selloff but also made a much better move up allowing greater gains. (wish i bought up more bullion when it was sub $10)
Do you even realize that gold is moving up in small increments with pullbacks in a steady appreciation? It's not like it's flying $100/ounce a day. What is so unsustainable about the move? Gold goes through significant sideways periods before making any moves.
I don't know what you're looking at, but you're obviously not seeing the rapid money supply growth of USD, as well as significant growth of other fiat currencies.
Read the thread again. No need for me to repeat myself. If you choose to dismiss the indicators and divergences that I've already discussed, that's your prerogative. My assessment stands.
As to your assertion of rapid money supply growth, you are plain wrong. Yes, a ton of new money has been injected into banks, but as long as it does not make its way into the economy via lending, it is not truly inflationary. Banks have been hoarding all the money to shore up their balance sheets because of all the losses and writedowns they've been taking on bad loans and portfolios blowing up. If and when they start lending it out and it makes its way into the hands of consumers, then you'll see a true inflationary explosion. Simply looking at just the money supply measure isn't enough. Look at the velocity of money. It's slowing down.
Given all the deflationary headwinds still at work, all this hand wringing over the death of the dollar is premature to say the least. It will collapse in due time, but this is just the warmup act, and I do believe the indicators are telling me the ol' greenback's got at least one more surprise rally before it gives up the ghost.