Ok. The "rich" are in.

Sucka's. Let them be left holding the bag. They all now want to own GOLD bars of all things. I'll sell em mine once this thing pops bakc over a g and half.

Gold must be nearing a top.

By Ambrose Evans-Pritchard
Last Updated: 10:32AM GMT 09 Jan 2009

Gary Dugan, the chief investment officer for the US bank, said there has been a remarkable change in sentiment. "People are genuinely worried about what the world is going to look like in 2009. It is amazing how many clients want physical gold, not ETFs," he said, referring to exchange trade funds listed in London, New York, and other bourses.

"They are so worried they want a portable asset in their house. I never thought I would be getting calls from clients saying they want a box of krugerrands," he said.

Merrill predicted that gold would soon blast through its all time-high of $1,030 an ounce, and would hit $1,150 by June.

The metal should do well whatever happens. If deflation sets in and rocks the economic system it will serve as a safe-haven, but if massive monetary stimulus gains traction and sets off inflation once again it will also come into its own as a store of value. "It’s win-win either way," said Mr Dugan.

He added that deflation may prove the greater risk in coming months. "It’s very difficult to get the deflation psychology out of the human brain once prices start falling. People stop buying things because they think it will be cheaper if they wait."

Now is the stage where it goes from the strong hands to the weak hands. So while I bought back when it was around $300 and a little below, I'm sitting on a nearly 3 fold increase,while had my money been in the Dow or stocks during that same period of time, it would be flat to even down by now, unless I somehow magically timed the rise from 2003 to 2007 and got out before the big slam. So now, this stage takes my pot o gold to a five fold increase as I begin to dump my gold holdings to these weaklings. It could easily double from here, whcih would be great for me, but see I don't really need it to in order to make good money. So if it only gets to $1500, i have a for sure 5 bagger increase, and they are buying near the top from here. Meanwhile prices of the things that have been overvalued for years, are nearing the time (not yet), where they will be dirt dirt cheap and I can start accumulating them just like I did with gold when most shunned it. Once you are in the groove and the cycle of things there is no real need for "timing." it only takes patience, and to ignore all that static, and you can rest easily at night while everyone else panics. got Gold ?

And so lastly, now and possibly for a few years, its actually a good time to be sitting or even accumulating cash. Cash will be king for a period of time, and as deflation does its damage while people keep "waiting" as they see prices of things dropping, cash becomes a more powerful thing. But this in betwene period, will not last forever, so then you want to be accumulating the dirt cheap stuff that will re-grow again to become a store of value, only to be released to the weak hands once again. I disagree with Schiff and see the dollar continuing its course either sideways to possibly up, while deflation works its evil, and as the money continues to be heavily printed to prevent it, and so there will be a time, when finally dollar does drop and then drops rapidly because the supply hits a major point of inflection where, the dollar then deflates under the weight of its own supply, and inflation kicks back into gear. Big time. To hyperinflation.

nb.....i don't believe gold did well during great depression. Actually gold does better during inflation.

Now is the stage where it goes from the strong hands to the weak hands. So while I bought back when it was around $300 and a little below, I'm sitting on a nearly 3 fold increase,while had my money been in the Dow or stocks during that same period of time, it would be flat to even down by now, unless I somehow magically timed the rise from 2003 to 2007 and got out before the big slam.

So now, this stage takes my pot o gold to a five fold increase as I begin to dump my gold holdings to these weaklings. It could easily double from here, whcih would be great for me, but see I don't really need it to in order to make good money. So if it only gets to $1500, i have a for sure 5 bagger increase, and they are buying near the top from here. Meanwhile prices of the things that have been overvalued for years, are nearing the time (not yet), where they will be dirt dirt cheap and I can start accumulating them just like I did with gold when most shunned it.
Once you are in the groove and the cycle of things there is no real need for "timing." it only takes patience, and to ignore all that static, and you can rest easily at night while everyone else panics.

got Gold ?

You are just amazing. Your calls, your foresight, your predictions and anticipation of the future belong in some sort of mystical circle or prophetic group. It is remarkable. Your call you buy right at the lows, then to ride it all the way up and now begin to think about taking money out as the stupid suckers go in, is amazing. To think about dumping the gold hoard you have amassed now to the eaklings, shows you have both a) the skill and abilities and expertise, and will have probably have accumulated immpnse financial wealth, which you deserve every penny. Your skill with cycles is confounding, so keep it up!!!

When do you see $1500, and alos any idea when your cycle work says stocks hit dirt cheap levels, for when you may start accumulating again???

Thanks for sharing your views!! Great calls nimble!

And so lastly, now and possibly for a few years, its actually a good time to be sitting or even accumulating cash. Cash will be king for a period of time, and as deflation does its damage while people keep "waiting" as they see prices of things dropping, cash becomes a more powerful thing. But this in betwene period, will not last forever, so then you want to be accumulating the dirt cheap stuff that will re-grow again to become a store of value, only to be released to the weak hands once again.

I disagree with Schiff and see the dollar continuing its course either sideways to possibly up, while deflation works its evil, and as the money continues to be heavily printed to prevent it, and so there will be a time, when finally dollar does drop and then drops rapidly because the supply hits a major point of inflection where, the dollar then deflates under the weight of its own supply, and inflation kicks back into gear. Big time. To hyperinflation.

Hi Nimble. Can I ask an obvious question, as I think it is good to ask obvious questions.

Why is deflation "evil". I didnt understand that. I do understand good and bad, good and evil, but what is deflation evil? Surely if prices are falling and deflating, then this is good for everyone as things become more affordable, rather than if they are sky high and people cant afford to pay for them?

Keep up the awesome calls!