gold on its way to new forever highs
#1
Posted 06 May 2010 - 11:20 AM
#2
Posted 06 May 2010 - 11:24 AM
sorry leolec
its time for a new topic
this cycle has lots of time left. and i am firmly unequivocally in the camp that gold will make new forever highs before this cycle ends in june.
i am watching:
chavez-nationalization is part of the process, yes mines were nationalzed last time
which countries are cash strapped- they will extort higher taxes from mines( i have been harping on these 2 for years). know where your mines are located, dont fall asleep @the wheel. this game can be very rewarding, but one has to be alert. the world is changing. (last time gold topped in jan80- the miners topped in sept/oct for further 40% gains)
all fiats will be viewed w/distrust- inflate or die. and print they will. the herd will be coming this way. and our board will be infiltrated w/newies.
the debt from sovereign to state to corporation to individual is why i got into gold in the 1st place. the boat was/is way lopsided. and rather than let the culprits fold their tent. they have decided to print. bernake has admitted to monetizing the debt!
the hardest part for a trader in all of this is to miss the bull, many here have and will miss the move. its unfortunate , but it happens . the key is to study markets , their psychology and their nature. everyone wants whatever it is @the top-tulip bulbs, jdsu, cmgi, overpriced houses etc its human nature
buckle up and enjoy the ride, cause the next big correction is right around the bend! then after that , buckle up! we are leaving kansas
dharma
agree, was just looking at HUI and GDX ratio vs Dow chart comparisons, looks like the mining stocks are going to outperform quite a bit vs the Dow, unshackling is underway.
BSing away
Senor
#3
Posted 06 May 2010 - 11:38 AM
i sure hope it starts soon, but it may be a while longer. the miner are lagging the metalsorry leolec
its time for a new topic
this cycle has lots of time left. and i am firmly unequivocally in the camp that gold will make new forever highs before this cycle ends in june.
i am watching:
chavez-nationalization is part of the process, yes mines were nationalzed last time
which countries are cash strapped- they will extort higher taxes from mines( i have been harping on these 2 for years). know where your mines are located, dont fall asleep @the wheel. this game can be very rewarding, but one has to be alert. the world is changing. (last time gold topped in jan80- the miners topped in sept/oct for further 40% gains)
all fiats will be viewed w/distrust- inflate or die. and print they will. the herd will be coming this way. and our board will be infiltrated w/newies.
the debt from sovereign to state to corporation to individual is why i got into gold in the 1st place. the boat was/is way lopsided. and rather than let the culprits fold their tent. they have decided to print. bernake has admitted to monetizing the debt!
the hardest part for a trader in all of this is to miss the bull, many here have and will miss the move. its unfortunate , but it happens . the key is to study markets , their psychology and their nature. everyone wants whatever it is @the top-tulip bulbs, jdsu, cmgi, overpriced houses etc its human nature
buckle up and enjoy the ride, cause the next big correction is right around the bend! then after that , buckle up! we are leaving kansas
dharma
agree, was just looking at HUI and GDX ratio vs Dow chart comparisons, looks like the mining stocks are going to outperform quite a bit vs the Dow, unshackling is underway.
BSing away
Senor
dharma
#4
Posted 06 May 2010 - 12:18 PM
#5
Posted 06 May 2010 - 02:06 PM
#6
Posted 07 May 2010 - 09:18 AM
#7
Posted 07 May 2010 - 09:27 AM
#8
Posted 07 May 2010 - 09:37 AM
central banks hold gold , so should i .
yes, i agree gm , one more good pullback , after this high and then we are there-recognition. i mean bernake acknowledged that he printed money, monetized the debt, when asked by ron paul. dont sell your insurance for spinach. the unraveling has been spotted. and it is yet to begin. politicans try to keep everyone happy. it means lots of money for everyone. print . print and print some more. there. enough for everyone.
i love the idea of silver. and the story is amazing a dream come true. however the spread keeps widening. cbs hold gold, so should i. forget stories. do what they do. miners are still undervalued. i mean look what they valued cmgi, jdsu, etc. what do you value a miner w/a hole in the ground w/compelling drill results? wait it will blow your mind. just like 1100 for jdsu. gold has always been money. look @the euro ponzi scheme. take a good look @the chart i posted on the previous pages of the euro debt. madoff was a piker. look @the euro, they all owe each other a fortune. its the way to riches! traders in this sector are continually missing legs to this bull. be comfortable. and dont let the bull shake you off. we are in the early middle innings. rivera isnt coming out of the bull pen. the closer is the public. and they will come clamoring in here. this is an amazing story. gold has always been money. it has a 5k year history. and the polticians and bankers, will have those big puppy dog eyes and say this time we have it done right. and we start all over
dharma
just a reminder in 08 when the broads got killed , so did gold
yesterday the broads got killed and gold was up a bunch!
perception is changing!
1198 is my # for support that holds and we are in position for another run.
dharma
Completely agree...this bull will confuse even the finest.
Yesterday's action was very encouraging imo for the future.
Difference from 08 is now we have Govt. credit becoming tight (vs private credit),
They can no longer fund themselves....hyperinflation.
#9
Posted 07 May 2010 - 10:00 AM
#10
Posted 07 May 2010 - 10:16 AM