17 replies to this topic

[tradesurfer]

darn!  The 1980 high is a long ways from here $450 ???   The recent gold rally and the miners rally was just so powerfu off of the bottom.  Maybe it does not make a new low and just does a 100% retrace ?  If all hell is breaking loose in Europe and the Euro collapses, one would safe a safe haven bid would provide a solid bid under gold regardless of what the US Dollar is doing.

 

If the Fed sees the US dollar in too strong a position they will print like there is no tomorrow to slam it down again and pay off all US debt.

[tria]

Russ,

I have learned the 'expensive way' to be sceptical/scared of the obvious that may not be

so obvious to some. What seems to be may not be what it seems...

I'm not strongly biased but such a gift to the hard working people in Asia by the

US Fed should be 'the gift' of the 20th Century.....

 

Tradesurfer,

Yes, some Europeans and Arabs and Asians in general prefer some Gold rather than 'all in' in US dollars.

Edited by tria, 20 May 2016 - 06:01 AM.

[Russ]

They will never pay off the US debt, it is a compounding monster that will eventually consume everything and lead to a total collapse of the USA... Armstrong's 'crash and burn'.  Capital will be attracted to US blue chips stocks and other assets like real estate and that requires buying US dollars.

darn!  The 1980 high is a long ways from here $450 ???   The recent gold rally and the miners rally was just so powerfu off of the bottom.  Maybe it does not make a new low and just does a 100% retrace ?  If all hell is breaking loose in Europe and the Euro collapses, one would safe a safe haven bid would provide a solid bid under gold regardless of what the US Dollar is doing.

 

If the Fed sees the US dollar in too strong a position they will print like there is no tomorrow to slam it down again and pay off all US debt.

[Russ]

Tria,  Sorry I am not following you, what gift are you talking about? Rising interest rates?  If so they will rise because they have to as the pensions are going broke.

Russ,

I have learned the 'expensive way' to be sceptical/scared of the obvious that may not be

so obvious to some. What seems to be may not be what it seems...

I'm not strongly biased but such a gift to the hard working people in Asia by the

US Fed should be 'the gift' of the 20th Century.....

 

Tradesurfer,

Yes, some Europeans and Arabs and Asians in general prefer some Gold rather than 'all in' in US dollars.

[tria]

Russ, a gift to many people in Asia (and to me as well) would be an interest rate hike or a couple

of hikes possibly, resulting in a stronger USD that takes Gold and Silver sharply down.

This is, provided one has the US dollars to exchange them into PMs before the USD starts moving

later this year, as eminent gurus are suggesting it may/will do.

Under Republican Presidents the USD tends to be weak BTW.

[Russ]

Tria,  I have a very good signal for the US dollar to put in a big low in late 2020 but first it should go up. Russ

[tria]

Russ, coincidence or not but before his untimely death, the brilliant Terry Laundry, RIP Terry,

indicated that his bullish Gold Mega-T was due to expire on 2020 and hence this may imply

a big low for the USD at that time.

Just in time BTW  for Donald potentially to finish trumping King USD before he starts another escapade/venture.

Just my fast forward looking view/fantasy and have not smoked anything today, not today at least.

[Russ]

LOL, nothing smoked today.    Interesting that if Trump is elected (3 out of 4 of Armstrong's models predict  he will be)  he will not be able to stop the collapse according to MA because it is too late in the cycle, there is too much debt and corruption to turn it around now, pretty sad, all empires end eventually.

 

 

Russ, coincidence or not but before his untimely death, the brilliant Terry Laundry, RIP Terry,

indicated that his bullish Gold Mega-T was due to expire on 2020 and hence this may imply

a big low for the USD at that time.

Just in time BTW  for Donald potentially to finish trumping King USD before he starts another escapade/venture.

Just my fast forward looking view/fantasy and have not smoked anything today, not today at least.