Gold is going to shoot up.

Discussion in 'Commodity Futures' started by jokepie, Jun 20, 2011.



  1. Given one trillion seconds takes us back 32,000 years, and we've got eh......about $64 trillion in government elapsed debt + unfunded liabilities, it's basicially mathematically impossible to repay principal. Hence the focus is compound interest and continuing to entice Oriental buyers of T-Bonds. Ahh so and wun hung lo.

    That's my point. What's your point? Duh? Captivated by shiny things? I have a cat like that.

    I also prefer Doy, toward foregone conclusions. There's NO free lunch and ALWAYS someone on the other side of the trade.


    Post script, there's unknown trillions of derivatives in the private sector with generally unknown counter-parties. Can you say renege?
     
    #11     Jun 20, 2011
  2. jokepie

    jokepie

    it was @ 654.20 low for today
    :D
     
    #12     Jun 20, 2011
  3. jokepie

    jokepie

    estimated above 700T :eek:
     
    #13     Jun 20, 2011
  4. tiddlywinks

    tiddlywinks

    From a trading perspective, best be cautious very short term.

    Ditties no-one has yet mentioned...

    CME Lowers Trading Margins On Comex Gold
    (effective close of business today, 6/20/11)
    http://online.wsj.com/article/BT-CO-20110617-712285.html

    Concerns regarding Dodd-Frank. A July 16th effective date.
    http://www.zerohedge.com/article/trading-over-counter-gold-and-silver-be-illegal-beginning-july-15

    http://www.zerohedge.com/article/another-broker-halts-trading-gold-and-silver-products

    http://www.zerohedge.com/article/do...tion-could-make-hedge-fund-fx-trading-illegal
     
    #14     Jun 20, 2011
  5. jokepie

    jokepie

    Adding some more here...
    :cool:
     
    #15     Jun 22, 2011
  6. ==============
    Others did also;
    GLD, gold . Citibank made the news also, some more sold it, silver....
    :D
     
    #16     Jun 29, 2011
  7. There is a reason why we invented 64 bit computers, lol.
     
    #17     Jun 29, 2011
  8. klurby

    klurby

    What do you guys think about buying the GLD Aug 20' 11 - 150 Calls?
     
    #18     Jul 3, 2011
  9. jokepie

    jokepie

    I would wait for a while and see if it catches some strength. It looks weak right now...we might be in side action for some time in summer.
     
    #19     Jul 3, 2011
  10. jokepie

    jokepie

    Same freaking behaviour at theselevels, come on... push through...i need to add my final line.

    :cool:
     
    #20     Jul 11, 2011