I've got a feeling we're going to 500 usd again, triggered by deflation and a stockmarket that continues to be depressed in a calm manner.
Wow a win either way. Heads I win, tails I win! Amazing. Why can't investing always be this easy, this is like free money!
Another fake bubble created by the brokerages. They take something that has a tiny bit of fundamentals(massive equity market fear) and encourage clients to leverage and buy the shit out of it. Look at a chart of GOLD vs PLATINUM, you tell me what metal to get long. Also I have zero position in metals or miners. And just for fun this is a 600 year price of gold. http://www.sharelynx.com/chartsfixed/600yeargold.gif
gold broke big support today....down $34 ...i see $650...COT data supports this platinum is breaking out. 30 year treasuries have retraced abit but will head lower. usd still the best....gold is deprecating....dollars are not...
Anybody notice a pattern? When GC is up, it's because the Fed is printing money 24/7. When it's down, it's all just manipulation on Comex and the "real" price is much higher.
From the chief investment officer to JEM worldwide daytrading. JEM noticed that many of his clients are seeking to purchase toner from previously replaced fax and color laser printers. Oddly JEM said he will not sell them unless they also purchase at least 2 rolls of thermal fax paper and at least one CRT monitor.
+1 Having the actual bullion is a pain becuae when you sell the spread between the bid ask can be as high s 20%. A survey of a couple local shops were around 700 sell to them 990 buy from them. WTF! Amajor move would have to occur to catch a break even point. One thing about having a 1oz. it that they make nice card holders for poker. Akuma