Posted on 01/17/2013 10:52:41 AM PST by blam
Suuuure I believe this..! Oh man, what a laugh.
You know what the pattern was in the Japanese collapse?
They screamed LOUDER and LOUDER that the retrenchment was OVER as things sank down into Davey Jones’ Locker —more and more shrill, all the time.
I see the same thing happening in the USA, now.
Goldman owned the best information about the bad shape of securitized mortgages EVEN AS THEY SOLD THEM TO OTHERS. And it made sense, since they also SHORTED them, on the other side.
Why would they not do THE SAME to others now, hmmm...?
They’re just acting the same, here —no surprise.
maybe having to come up with 25% of Germany’s gold reserves for repatriation to Frankfurt?
Gee, who didnt see some major gold price manipulation coming?
Heck, GS often takes the opposite sides of trades that they recommend to their clients; imagine how much of a crap they give about feeding the general public misinformation?!?!?
During the last two administrations, the only consistent relationship I've seen with gold is the value of the dollar: the less the dollar is worth, the higher the price of gold.
It may not be very scientific and no doubt there are sound economic reasons (fear being one) for this apparent inversely proportional relationship, but as an informal guide it has been a helpful tool.
They’re going to keep luring in the suckers, and then pull out the rug....Bet the rent.
Absolutely!
I wouldn't buy a used car from those SOBs.
Getting ready to start buying gold again!
Can’t see it happening though. There is no recovery, nor is any recovery possible; the now 47 trillion total sovereign debt (and climbing) makes recovery impossible.
The overall regression of that line is definitely concave upward.
It's also timely for the Fed as well now they have to stop hypothecating all that gold they have to send back to Frankfurt. Line up all you muppets and get rid of that barbaric relic.
Sounds like you’ve been suckered by Porter Stansberry.
He’s the quintessential weather vane of investment advisors. One year ago he was preaching mega-doom, and advising moving to 3rd world countries to weather the storm.
The cynic in me says Treasury needs lower gold for German repatriation and toadies are paving the way.
The realist in me agrees, it’s pricey, people are tapped and unable to pay the freight to move fuether into PM, they’re having to spend reserves for living expenses. That leaves institutional and sovereign investment. They can move the needle and they’re telegraphing that intent for some odd reason.
And so, back to the cynical, lol.
They didn’t bother mentioning which currency they were referring to with the $1200 prediction. I know it wasn’t the US Dollar (of course), maybe Australia, or New Zealand?
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