Marketsurfer's bold gold proclamation

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well it's good to see we actually have a gold bear on the board so we can bounce ideas. what is your rationale behind $600 gold?
 
Gold is only a world is coming to an end trade. That is over now since the Federal reserve cronies basically gave their balance sheet to bail out all the rich bankers. If gold was an inflation hedge it would be much higher than 890 an ounce. If you believe the true inflation numbers out there the dollar has lost much more value than gold has appreciated over the very long term. It's just another trading vehicle now, nothing more.
 
Quote from Emilio_Lizardo:

Thanks for the tip, big guy!

I hope it works as well as your infamous CROX short.

I will start my long scale in now, trying to buy GLD at 86.95.
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welcome to the jungle, mr. lizardo.


surf:D
 
Quote from PaulRon:

well it's good to see we actually have a gold bear on the board so we can bounce ideas. what is your rationale behind $600 gold?
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its a combination of factors. i don't want to go into the details, suffice to say, i am very confident in this happening.

surf
 
I've held gold for a multi year trade , started selling when it hit 1k , and sold the rest of it today. I felt sort of sad but you need to know when to say good bye!
 
in longer picture gold always retain value. with inflation @ 4 % u will be losing dollar money.

gold is hedge agnst inflation. so in longer term
 
Quote from gobar:

in longer picture gold always retain value. with inflation @ 4 % u will be losing dollar money.

gold is hedge agnst inflation. so in longer term
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inflation is 3 times the gov. stats
 

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