USA Economy is strong ?

studyandtrade · Dec 3, 2005

Quote from skepticaltrader:

You're right about Gold. Investors will usually start to buy Gold when the economy is getting bad since they think this is a safe-haven when things turn south.

In May 2001 GOLD started a Bull Market. Since May 2001 Smartmoney doesn't buy the daily crap from the Government&CNBC. Let that be a warning to everybody who is still fully invested in the stock market!

dougcs · Dec 3, 2005

Quote from studyandtrade:

To everyone who doesn't know it yet: the U.S. economy is weak regardless of what the media & government is telling you. Best indicator to underpin this statement: GOOOOOOOLD!!!!! (AU that is!)

What is the methadology behind your statement? And, why is gold better than the various economic stats from the govt?

DS

ps-I thought that gold is up due in part to the Russian CB buying heavily.

MacroEvent · Dec 3, 2005

Gold is "finally" breaking out for two reasons --- inflation play {the small reason} and liquidity injections {the big reason} from "petro wealth" --- the middle eastern petro players have put huge amounts of money into Gold from their biggest paycheck year ever. you have to realize the transfer of wealth that has taken place in the last year to the middle east -- it was substantial.

the U.S. economy is doing fine but not for the right reasons unfortunately, and yes at some point a large group of U.S. consumers will run out of credit at quite the wrong time.

bushwacked · Dec 3, 2005

with a nursing degree, your wife should have no problem finding jobs anywhere/anytime. huge huge shortage of nurses .

Vinny1 · Dec 3, 2005

Perhaps unprofitable traders should all become nurses.

EdgeHunter · Dec 3, 2005

Quote from Cheese:

Well, sure, the USA is horsesh*t deep, right up to its neck, in debt ..govt debt, trade deficit debt and aggregate personal/consumer debt.

But you know what .. bottom line? Its the biggest economy, its the strongest and its the engine of the world economy.
Enjoy.

Agree, The US will be just fine until the govt debt gets called then 1907 panic will look like a picnic...

...

studyandtrade · Dec 3, 2005

Quote from dougcs:

What is the methadology behind your statement? And, why is gold better than the various economic stats from the govt?

DS

ps-I thought that gold is up due in part to the Russian CB buying heavily.

Hi dougcs,

The answer is simple: The price of gold is the market and the stats are the government. Lesson nr. 1 of the professional trader/investor: THE MARKET DOESN'T LIE; NEVER!

DTraderNic · Dec 5, 2005

Quote from studyandtrade:

Hi dougcs,

The answer is simple: The price of gold is the market and the stats are the government. Lesson nr. 1 of the professional trader/investor: THE MARKET DOESN'T LIE; NEVER!

Excellent. I couldn't have said it better!

Ivanovich · Dec 5, 2005

I love these cataclysmic prediction threads!

Riskmanager · Dec 5, 2005

Quote from MacroEvent:

Gold is "finally" breaking out for two reasons --- inflation play {the small reason} and liquidity injections {the big reason} from "petro wealth" --- the middle eastern petro players have put huge amounts of money into Gold from their biggest paycheck year ever. you have to realize the transfer of wealth that has taken place in the last year to the middle east -- it was substantial.

the U.S. economy is doing fine but not for the right reasons unfortunately, and yes at some point a large group of U.S. consumers will run out of credit at quite the wrong time.

Brilliant post!

Time to watch the TED-Spread I guess...