14 replies to this topic

[NAV]

http://rereport.com/scc/

For the last 1 year, i have been reading and hearing about rising inventory, weakening sales, rising "number of days on market", etc. The median and the average prices keeps rising in the middle of this so called "Housing disaster", "Subprime crises", "Mortgage securities debacle", "Credit crunch" etc. Is price the king or what ? Or is the Silicon valley sub-prime free ? I am just asking questions....

Also, could someone please explain to me as to why GOLD is going nuts, if there was a credit crunch. Sometimes it pays to ask these questions, instead of doing post-mortem on dead journalistic trash.

Edited by NAV, 10 September 2007 - 12:32 PM.

[SemiBizz]

http://rereport.com/scc/

For the last 1 year, i have been reading and hearing about rising inventory, weakening sales, rising "number of days on market", etc. The median and the average prices keeps rising in the middle of this so called "Housing disaster", "Subprime crises", "Mortgage securities debacle", "Credit crunch" etc. Is price the king or what ? Or is the Silicon valley sub-prime free ? I am just asking questions....

Also, could someone please explain to me as to why GOLD is going nuts, if there was a credit crunch. Sometimes it pays to ask these questions, instead of doing post-mortem on dead journalistic trash.

Stock bears or housing bears? This sounds like what happened in Japan in the 90s. Sales of R.E. dropped off but prices held while interest rates dropped to zero.

[relax]

and why are so many short there's got to be some liquidity outthere

[DraggdOut]

There's plenty of liquidity. Take a look at the reconstituted M3. The only liquidity crisis is in ABCP and instruments that were illiquid to begin with, or if you've got something you're desperate to sell and can't get what you think it's worth for it.

Edited by DraggdOut, 10 September 2007 - 12:45 PM.

[humble1]

gold is doing well because not everyone trusts paper, especially in times of a financial crisis. much of the new wealth in asia is kept in precious metals. the mideast oil money finds its way into gold because the increasing trend to try to punish countries or movements we disagree with by freezing their assets frightens even those who probably will not be the target. once, long ago in a galaxy far, far away gold was the reserve currency ! and, during the Great Depression gold did relatively well.

[SemiBizz]

gold is doing well because not everyone trusts paper, especially in times of a financial crisis. much of the new wealth in asia is kept in precious metals. the mideast oil money finds its way into gold because the increasing trend to try to punish countries or movements we disagree with by freezing their assets frightens even those who probably will not be the target.

once, long ago in a galaxy far, far away gold was the reserve currency ! and, during the Great Depression gold did relatively well.

Brokers Believe Worst Is Over and Recommend Buying of Real Bargains

Wall Street in looking over the wreckage of the week, has come generally to the opinion that high grade investment issues can be bought now, without fear of a drastic decline. There is some difference of opinion as to whether not the correction must go further, but everyone realizes that the worst is over, and that there are bargains for those who are willing to buy conservatively and live through the immediate irregularity.

-- New York Herald Tribune, October 27, 1929

[Data]

http://rereport.com/scc/

For the last 1 year, i have been reading and hearing about rising inventory, weakening sales, rising "number of days on market", etc. The median and the average prices keeps rising in the middle of this so called "Housing disaster", "Subprime crises", "Mortgage securities debacle", "Credit crunch" etc. Is price the king or what ? Or is the Silicon valley sub-prime free ? I am just asking questions....

Also, could someone please explain to me as to why GOLD is going nuts, if there was a credit crunch. Sometimes it pays to ask these questions, instead of doing post-mortem on dead journalistic trash.

The median/average sales price only accounts for what homes sold this month. It means nothing unless the composition of homes being sold is comparable between the two periods. Arlington County, VA had a 23 percent decline in sales this month and a nearly 20 percent increase in the median sales price. Earlier this year, the reverse happened during the Spring selling season.

[denleo]

gold is doing well because not everyone trusts paper, especially in times of a financial crisis. much of the new wealth in asia is kept in precious metals. the mideast oil money finds its way into gold because the increasing trend to try to punish countries or movements we disagree with by freezing their assets frightens even those who probably will not be the target.

once, long ago in a galaxy far, far away gold was the reserve currency ! and, during the Great Depression gold did relatively well.

Brokers Believe Worst Is Over and Recommend Buying of Real Bargains

Wall Street in looking over the wreckage of the week, has come generally to the opinion that high grade investment issues can be bought now, without fear of a drastic decline. There is some difference of opinion as to whether not the correction must go further, but everyone realizes that the worst is over, and that there are bargains for those who are willing to buy conservatively and live through the immediate irregularity.

-- New York Herald Tribune, October 27, 1929

Semi,

Somebody posts it at least twice a year on this board (during every correction). You can find 1929 reference on other boards every day sinse the beginning of on-line board posting.

Denleo

[greenie]

Also, could someone please explain to me as to why GOLD is going nuts, if there was a credit crunch. Sometimes it pays to ask these questions, instead of doing post-mortem on dead journalistic trash.

Don't know why you keep going on like broken record. One year back, you asked whether I expect gold to go up in deflationary scenario and why. I explained to you that time, and the market is behaving exactly like I described. Now, you are back with the same question.

As I explained to you last year, gold will going up, when the market anticipates fall in dollar. Why should that be too complicated to understand?

[NAV]

Also, could someone please explain to me as to why GOLD is going nuts, if there was a credit crunch. Sometimes it pays to ask these questions, instead of doing post-mortem on dead journalistic trash.

Don't know why you keep going on like broken record. One year back, you asked whether I expect gold to go up in deflationary scenario and why. I explained to you that time, and the market is behaving exactly like I described. Now, you are back with the same question.

As I explained to you last year, gold will going up, when the market anticipates fall in dollar. Why should that be too complicated to understand?

Deflation ? - Are you from Mars ??

Edited by NAV, 10 September 2007 - 03:47 PM.