How's that gold buy at $1,200 going?

[jprad]

Quote from the1:

It's "wreaks."

Nothing worse than a spelling nazi who's a dictionary dunce...

 

[jprad]

Quote from endsongs:

Obama just said he will "spend" to create jobs. THis is code word for "increase the deficit". At this rate, there won't be any liquid money left when the next recession hits in a year to a few years. Non-liquid $ = Fed printing = POG up long term.

Not yet, anyway.

They're going to pay for this by repurposing 200BN of TARP funds.

 

[1flyfisher]

Because it's petty and childish?

Quote from AyeYo:

Both. I got flamed by everyone and their mother, and some of their mother's friends, for saying it was overcrowed; so what's the big deal if I subtlely flame back while getting the lay of the land?

 

[cleveland45]

Quote from AyeYo:

As gold continued to fall further today, I'd like to get some foot-meet-mouth statements from all the gold bulls I was arguing with a couple weeks ago.

I attempted to re-up some of the old threads, but the mods on this board arbitrarily move and delete threads with the quickness - so I couldn't find any.

I'm just curious what the gold bulls have to say now. Two weeks ago there was myself and a couple other people here laughing about a bubble and calling for at least a short term pull-back. Gold bulls said no way, we were no where near bubble status. They said $1,200 was a great buy. Zerohedge sung of worthless dollars and inifinitely valuable gold. Buy it at $1,200, buy it at $2,000, it's never going down. So I'd like to see if they're still holding those positions and maybe even get some of them to start making bottom calls for extra lolz.

First of all, if you cannot withstand 100+ point moves, then you should go nowhere near gold. I pointed this out when the metal had cleared 1,000. Until 1,000 is broken to the downside, the trend is your friend.

 

[Algo_Design_Kid]

Quote from cleveland45:

First of all, if you cannot withstand 100+ point moves, then you should go nowhere near gold. I pointed this out when the metal had cleared 1,000. Until 1,000 is broken to the downside, the trend is your friend.

withstand a 100 pt move in gold futures?

'check please'

 

[pspr]

If you're buying gold for safety you probably need to be adding some guns and ammo to that investment.

 

[tmarket]

Quote from Algo_Design_Kid:

'check please'

Gold speculators saw MC Hammer coming and said exactly the same thing.

 

[endsongs]

Quote from jprad:

Not yet, anyway.

They're going to pay for this by repurposing 200BN of TARP funds.

THe math people are using is that it takes ~ 100K per year to create and maintain a 50K per year job. So 200B will only create ~ 2M jobs for one year. So, the 200B will hold Congress over until after the election with a maximum of 2M jobs created. Long term, it wil take ~ 1T per year to maintain the 10M jobs our country needs to add.

 

[Algo_Design_Kid]

Quote from tmarket:

Gold speculators saw MC Hammer coming and said exactly the same thing.

Funny thing is my family and I used to live down the hill from him in Freemont area in CA.

When is the hammer going to catch a break here?

 

[peilthetraveler]

Wow..really? Gold goes down less that 8% and you are starting an "i told you so" thread?

You know what else MUST be a crowded trade? PFE! Thats right, it hit its 52 week high last week of 18.99 and today its at 17.76! It dropped almost the same amount in percentage points as gold did! Quick...start a thread for all those Pharmaceutical bugs out there that they should get out too!

Tell you what...when Gold goes down into the 800s, then you can say I told you so, but come on...gold was hitting a new high every single day for weeks. Its way to early in the game to say i told you so.