Marketsurfer's bold gold proclamation

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i dont follow tech charts...because diffrent players jump on the scene on diffrent days. The spike last night indicates more sense to what to hold because of once again lousy data from the USA. and inflation in UK,Gold should go up with the news of China to double its consumption last year to 500 tons and the Saudi now diverting from $....its pivital right now as who knows maybe some good news will come out from the USA next week to offset it all once again.....look for gold hitting $1000 by june.
where i am i can only buy silver futures but i want to have the physical stuff...i only ever buy hard currency and not a piece of paper.
 
Silver has a supply/demand problem, but on the other side of the coin, its expensive to own because storage costs are high as result of its bulkiness as compare to gold.

$600 gold looks like a pipe dream to me. Adjust the chart for M3 or M2 growth and see what it looks like. Printing money and granting credit doesn't create any real wealth. It might seem like it for a while, but eventually it gets to where you can't consume more than you produce, no matter how much paper you print.

Listen to words from the wise:
http://www.youtube.com/watch?v=TBpKEdDQaaU
 
this thread should be closed and deleted... surf fess up and tell us the $600 is a joke. even you said you were bullish on silver and i really hope you aren't naive enough to believe gold and silver don't move in tandem...
 
Quote from PaulRon:

this thread should be closed and deleted... surf fess up and tell us the $600 is a joke. even you said you were bullish on silver and i really hope you aren't naive enough to believe gold and silver don't move in tandem...
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I think it was Adolf Hitler that had some theory that if you told a big enough lie, people could be made to believe.

IMO, they are proving that theory with the dollar. I just wonder how much longer we can fool everyone.
 
Quote from thriftybob:

I think it was Adolf Hitler that had some theory that if you told a big enough lie, people could be made to believe.

IMO, they are proving that theory with the dollar. I just wonder how much longer we can fool everyone.
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yes too funny Gold up almost $40 in 3 days..... you have to keep the oil in view and it only makes sense where gold is going plus other factors...

like what Ron Paul said delete this page...
 
No, I think it should be left here till next April.... Let him be right or wrong. He picked the number and the date.

from a GATA post....

FreeMarket Gold & Money Report's James Turk noted: "Crude oil closed Friday at 4.429 grams of gold per barrel. Since the end of the Second World War, crude oil has been this expensive on only 33 days, or about 0.002% of the time. So clearly we are in the extreme tail-end of the bell-shaped curve, meaning that gold is extraordinarily cheap compared to crude.

"But here's the interesting point. All of these 33 previous days when crude oil cost more than 4.429 grams per barrel occurred in 2005. What's more, they occurred in a short period from the end of July to mid-September, which was another period of extreme price manipulation by the gold cartel. ..."

Turk is emphatically in the camp of those who feel that the present credit crisis has brought on more official attempts to manipulate gold.

Oil was 4.37 grams of gold per barrel on Friday. Quite possibly this extreme has caught the eye of important trading pools.
 
Quote from thriftybob:

No, I think it should be left here till next April.... Let him be right or wrong. He picked the number and the date.

Oil was 4.37 grams of gold per barrel on Friday. Quite possibly this extreme has caught the eye of important trading pools.
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I talked to a few traders. Gold and Oil should be in tandem and since it hasnot expect a correction. This is what they forcast. Correction starting from what we saw late last week with gold recovering from losses and will continue to go....i hope a lot....:D
 
Quote from PaulRon:

surf, you're bullish on silver but not gold? what is going on here?

"...Fundamentally, silver looks like a good long term investment, in the short term, it's a tough call..."
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hi,

yes, in the long term--10 plus years--- should have clarified. fundmentally is the operative word.

Fundamentally, silver looks like a good long term investment, in the short term, it's a tough call.

"In my opinion, silver is definitely worth watching over the next several months for opportunities that may develop both on the long and short side. An interesting trading tactic would be to chart the gold and silver minis as a pair, watch for divergence then enter a trade in the hope that they will come back to the mean price within the time frame you set for the trade."


surf
 
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