Gold is going to shoot up.

Quote from Texas:

duh

anyone calculated latest US debt



Given one trillion seconds takes us back 32,000 years, and we've got eh......about $64 trillion in government elapsed debt + unfunded liabilities, it's basicially mathematically impossible to repay principal. Hence the focus is compound interest and continuing to entice Oriental buyers of T-Bonds. Ahh so and wun hung lo.

That's my point. What's your point? Duh? Captivated by shiny things? I have a cat like that.

I also prefer Doy, toward foregone conclusions. There's NO free lunch and ALWAYS someone on the other side of the trade.


Post script, there's unknown trillions of derivatives in the private sector with generally unknown counter-parties. Can you say renege?
 
Quote from efficiency:

there's unknown trillions of derivatives in the private sector with generally unknown counter-parties.

estimated above 700T :eek:
 
From a trading perspective, best be cautious very short term.

Ditties no-one has yet mentioned...

CME Lowers Trading Margins On Comex Gold
(effective close of business today, 6/20/11)
http://online.wsj.com/article/BT-CO-20110617-712285.html

Concerns regarding Dodd-Frank. A July 16th effective date.
http://www.zerohedge.com/article/trading-over-counter-gold-and-silver-be-illegal-beginning-july-15

http://www.zerohedge.com/article/another-broker-halts-trading-gold-and-silver-products

http://www.zerohedge.com/article/do...tion-could-make-hedge-fund-fx-trading-illegal
 
Quote from klurby:

What do you guys think about buying the GLD Aug 20' 11 - 150 Calls?

I would wait for a while and see if it catches some strength. It looks weak right now...we might be in side action for some time in summer.
 
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