With every central bank on the planet running their printing presses 24/7?
I think NOT.
Gold up $16 a few min ago.
Come back when its below $700.
I think NOT.
Gold up $16 a few min ago.
Come back when its below $700.
Marketsurfer's bold gold proclamation
- Thread starter marketsurfer
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Gold should drop below 700 soon. That $100 drop on Friday just shows how no one wants this crap.
ok.
think what you will.
check back on 4.1.2009.
enjoy!
surf
earnings and traditional metrics will be out the window. this has nothing to do with gold pricing or any other old fashion correlations
what is it that you don't understand?
<i>Bernanke is of the view that a major reason for the Great Depression of 1930s was the failure of the US central bank to act swiftly to revive the paralyzed credit market. By "swift action," Bernanke means massive monetary pumping.
The Fed chairman continuously reminds us that at least he has learned the lesson of the Great Depression and will make sure that the error that the Fed made then will not be repeated again.
At the conference to honor Milton Friedman's ninetieth birthday, Bernanke apologized to Friedman on behalf of the Fed for not pumping enough money to prevent the Great Depression:
Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again.
(Milton Friedman and Anna Schwartz wrote that the key factor behind the Great Depression was the failure by the Fed to pump large doses of money.)
Central-bank policy makers have said that the key for economic growth is a smooth flow of credit. For them (in particular, for Bernanke) it is credit that provides the foundation for economic growth and raises individuals' living standards. From this perspective, it makes a lot of sense for the central bank to make sure that credit flows again.
Following the teachings of Friedman and Keynes, it is an almost-unanimous view among experts that if lenders are unwilling to lend, then it is the duty of the government and the central bank to keep the flow of lending going.</i>
http://mises.org/story/3151
The current answer to this problem is purely hypothetical, there has never been a model of this magnitude to draw concrete conclusions to the probability of success by the Fedâs actions. The key here is confidence, not only between lenders/banks but more importantly the consumer. Without him/her out there buying the whole thing collapses.
When the mechanism for that buying is diminished, or even perceived as faltering, the fuel source contracts. The current answer is to pump more money, but in essence thatâs what started the snowball in the first place.
This continued practice can not end in anything but inflation, or a bigger pile to make a bigger crash at a later date.
The Market has a value, whatever the Market will pay. Anything forcing another price is manipulation, and will fail over time.
When that happens Gold will be Bedrock once again.
When the mechanism for that buying is diminished, or even perceived as faltering, the fuel source contracts. The current answer is to pump more money, but in essence thatâs what started the snowball in the first place.
This continued practice can not end in anything but inflation, or a bigger pile to make a bigger crash at a later date.
The Market has a value, whatever the Market will pay. Anything forcing another price is manipulation, and will fail over time.
When that happens Gold will be Bedrock once again.
Gold 774.90 -15.10 -1.91
Expecting the 740 low to be taking out very soon. then the drop to proceed in a series of sharp rallies combined slow long prolonged selling with some sharp dips. the liquidation has begun....
surf
Expecting the 740 low to be taking out very soon. then the drop to proceed in a series of sharp rallies combined slow long prolonged selling with some sharp dips. the liquidation has begun....
surf
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