Time to Admit That Gold Peaked in 2011?

[Zippyjuan]

I was going to reply to all the other stuff but if you don't understand this, the rest is useless.

If the ration of A to B remains constant, that ratio is useless as a predictor. Don't you understand that?

Let me try to simplify it even more.

What number would come next in this series: 14, 21, 2, 7, 20, 5?

That is your series shortened by two digits. You said it would be 12 since that is the average of them. But since the numbers look random it could be anything. 12 is no more likely than any other number.

You can use the past to try to predict the future if there is a pattern. (Still doesn't mean the prediction will come true though). The numbers you posted of the gold/ monetary base ratio don't have any sort of pattern at all so the monetary base is not related to the price of gold.

 

[ctiger2]

Gold didn't do anything. 1oz of Gold is still 1oz of Gold. It was a dip in the value of the USD.

I suspect the USD will be double-dippin' fairly soon...

 

[Zippyjuan]

Gold didn't do anything. 1oz of Gold is still 1oz of Gold. It was a dip in the value of the USD.

I suspect the USD will be double-dippin' fairly soon...

If the price of gold only reflects the value of the USD, would you say that the value of the dollar was rising from 1980 to 2004 (as well as from 1934 to 1972- see chart of gold prices in an earlier post)?

Has it again been rising since 2011 (when gold peaked at $1900 an ounce- at this moment it is below $1290 an ounce)?

 

[acptulsa]

If Democrats gain control of the federal government in the next two election cycles, I bet it will peak yet again.

'Gain'? Don't you mean 'retain'?

So why do you think the next two election cycles under Democrats would make a difference between now under Democrats? Or did you forget we were under Democrats? Or were you merely scratching an itch to say something bad about Democrats without actually meaning anything at all?

Gold didn't do anything. 1oz of Gold is still 1oz of Gold. It was a dip in the value of the USD.

I suspect the USD will be double-dippin' fairly soon...

The value of gold has never been any more constant than the value of the FRN. The thing that makes it a far superior hedge against inflation is that gold's value goes up as well as down.

 

[NoOneButPaul]

lol... keep dreaming...

This shit is just getting started. The lack of movement has been caused by manipulation, plain and simple. GOFO has been negative more than 50% of the time for over a year now, the USDX was drowning towards sub-79 and gold's been frozen nearly the entire time.

Look at the physical sales worldwide! The paper markets are a joke.

The day is going to come where someone finally fails to deliver and that's when this entire PM Ponzi scheme will collapse and I strongly suspect it will end up being the greatest financial scandal of the 21st century. The politicians will line up to say the suppression by the PPT and ESF was all done in the name of "national security" and that will be the explanation as the USD finally collapses in value to the Yuan, Euro, and Gold.

 

[Ronin Truth]

“It's tough to make predictions, especially about the future.” ― Yogi Berra