17 replies to this topic

[goldswinger]

Senor, With all that said, here is a couple of potential targets based on a variety of trend lines. 30.60 for GDX or 24. I lean more towards 30.49.... but time will tell.....

Chart below..

http://stockcharts.c...p...6&listNum=1


GS.

Edited by goldswinger, 08 June 2009 - 11:42 PM.

[dougie]

fascinating discussion a dollar bounce of that magnitude would certainly catch many offguard as consensus death of the dollar is high still and yet it portends a world of deflationary hurt i think we have one more swoon however before any sustained rally

[cgnx]

I'm waving bye bye myself. I wouldnt buy the dollar. I'd rather own gold. Your a risky guy.

[dharma]

oooops! not yet, but soon! in any event sooner or later the dollar is toast. hyperinflation is a currency event. and w/all this debt it puts my mind back to germany after ww1. they had to pay for the war. deflation occurred. then voila , they printed , and they printed like there was no tomorrow, and there wasnt for that version of the d-mark. now we have this mountain of debt, and its growing. will it be paid? or will it be paid via worth less dollars? any takers? all ideas/thoughts welcome dharma

Edited by dharma, 10 June 2009 - 11:28 AM.

[rooster]

oooops! not yet, but soon! in any event sooner or later the dollar is toast. hyperinflation is a currency event. and w/all this debt it puts my mind back to germany after ww1. they had to pay for the war. deflation occurred. then voila , they printed , and they printed like there was no tomorrow, and there wasnt for that version of the d-mark. now we have this mountain of debt, and its growing. will it be paid? or will it be paid via worth less dollars? any takers? all ideas/thoughts welcome
dharma

Dharma, you should check out the link to Bob Hoye on the previous page. Hoye explains what the difference is between Germany and the US.

[dharma]

oooops! not yet, but soon! in any event sooner or later the dollar is toast. hyperinflation is a currency event. and w/all this debt it puts my mind back to germany after ww1. they had to pay for the war. deflation occurred. then voila , they printed , and they printed like there was no tomorrow, and there wasnt for that version of the d-mark. now we have this mountain of debt, and its growing. will it be paid? or will it be paid via worth less dollars? any takers? all ideas/thoughts welcome
dharma

Dharma, you should check out the link to Bob Hoye on the previous page. Hoye explains what the difference is between Germany and the US.

rooster i have listened to b.hoye and we disagree.
dharma

[rooster]

oooops! not yet, but soon! in any event sooner or later the dollar is toast. hyperinflation is a currency event. and w/all this debt it puts my mind back to germany after ww1. they had to pay for the war. deflation occurred. then voila , they printed , and they printed like there was no tomorrow, and there wasnt for that version of the d-mark. now we have this mountain of debt, and its growing. will it be paid? or will it be paid via worth less dollars? any takers? all ideas/thoughts welcome
dharma

Dharma, you should check out the link to Bob Hoye on the previous page. Hoye explains what the difference is between Germany and the US.

rooster i have listened to b.hoye and we disagree.
dharma

At least being in gold we should be protected regardless if we have hyper inflation or deflation.

[dharma]

oooops! not yet, but soon! in any event sooner or later the dollar is toast. hyperinflation is a currency event. and w/all this debt it puts my mind back to germany after ww1. they had to pay for the war. deflation occurred. then voila , they printed , and they printed like there was no tomorrow, and there wasnt for that version of the d-mark. now we have this mountain of debt, and its growing. will it be paid? or will it be paid via worth less dollars? any takers? all ideas/thoughts welcome
dharma

Dharma, you should check out the link to Bob Hoye on the previous page. Hoye explains what the difference is between Germany and the US.

rooster i have listened to b.hoye and we disagree.
dharma

At least being in gold we should be protected regardless if we have hyper inflation or deflation.

exactly! its why i dont concern myself w/the macro picture.
the dollar is toast. no fiat currency has ever survived
dharma