GOLD NOW - It blew through $800

[freelance]

This is significant, not only for the fact that it blew through resistance, but this is Friday. Often on a Friday, between 12:00 and 12:30 p.m. it tanks.

WOW! Blew right past the cartel. GO GATA

 

[Shooterman]

This is significant, not only for the fact that it blew through resistance, but this is Friday. Often on a Friday, between 12:00 and 12:30 p.m. it tanks.

WOW! Blew right past the cartel. GO GATA

Someone else that follows the Gold. There was little choice considering the shenanigans of the FED lately. Oil is almost cracking $100 per barrel. Silver, after a rocky day yesterday, is bouncing back today.

The government brags about inflation being at 2 to 2 1/2%. Everything I see points to it being about 10%, especially considering the supply of money is growing world wide at about 14%. Who is trying to snooker who?

 

[saku39]

Dollar index = 76.25 (lowest it's ever been)

Crude Oil = $95 per barrel

Gold = $806 per ounce up from $680 a few months ago

Silver = $14.50 per ounce up from $12.50 a few months ago

Things aren't looking happy out there.

 

[freelance]

How much longer until America catches on?

And where did today's job numbers come from? I'm sure we'll be treated to the usual "adjustment" in a few weeks, but I think they told a WHOPPER this a.m.

 

[Dustancostine]

Silver finished today at $14.53

 

[saku39]

The government brags about inflation being at 2 to 2 1/2%. Everything I see points to it being about 10%, especially considering the supply of money is growing world wide at about 14%. Who is trying to snooker who?

The offical figure is 3.6%, but I consider that number nothing but trash. I've been saying that inflation is at least over 6% (that's just a guess, no hard data to back this up) to some people and they think I'm crazy.

 

[freelance]

The offical figure is 3.6%, but I consider that number nothing but trash. I've been saying that inflation is at least over 6% (that's just a guess, no hard data to back this up) to some people and they think I'm crazy.

Just ask those people who think that you're crazy how much their grocery bills, gas bills, energy bills have risen and then explain the little white lie that is the CPI.

 

[Bradley in DC]

The offical figure is 3.6%, but I consider that number nothing but trash. I've been saying that inflation is at least over 6% (that's just a guess, no hard data to back this up) to some people and they think I'm crazy.

Inflation is not the same as consumer prices.

 

[saku39]

Inflation is not the same as consumer prices.

I know, that's why I say the 3.6% number is trash.

 

[Shooterman]

Inflation is not the same as consumer prices.

Consumer prices, however are indicators of inflation. Inflation, if I understand it correctly is the influx of too many dollars into the system. Too many dollars chasing too few items or services. The more liquidity, the higher the inflation.

 

[Elwar]

I bought $20,000 worth of gold when it was at $400.

I sold it all when it was at $425

 

[freelance]

Inflation is not the same as consumer prices.

The man on the street doesn't know that. LOL!