What's up with Gold?

[rockandrollsouls]

I am personally very happy gold and silver are going down. I wanted to buy some more silver.

Hugo

Again, you're full of shit. I advise people to go back and look at your posts. You have NO idea what you are talking about.

And Icon124, you're spot on with that statement.

 

[theoakman]

Oakman, you're a joke. You didn't take a sizeable profit on gold and you're sitting through a correction. The smart investor takes the profit and buys on the dip. You and hugo have been giving people shit about everything and you both have been dead wrong. You're both jokers.

rofl, yeah right. I'm sure you saw the bear market in commodities coming. Tell us oh great one, when did you sell gold and commodities?

 

[krazy kaju]

"I told you so." It's called a correction.

 

[MrNick]

I heard someone say its partly because of "Margin Calls".

 

[Paulitician]

When the price was 750 a few months ago, I refuse to call this a correction. It's a blip. The real correction was from March to October. This is nothing.

We don't even know if this correction is over yet. It may be a "blip" to you now, but it could be much worse later. That's fine if you don't want to call it a correction. You're free to deny reality all you want.

 

[theoakman]

We don't even know if this correction is over yet. It may be a "blip" to you now, but it could be much worse later. That's fine if you don't want to call it a correction. You're free to deny reality all you want.

rofl, deny reality? Gold is undervalued. I could care less where it goes in the next month or two. I'll buy it if it goes down and I'll buy it if it goes up.

 

[theoakman]

Another bump for hindsight. I find it hilarious people were calling a move down from $990 to $950 a correction. A month after the so called "correction", we never saw these prices again. Gold waived bye bye and never looked back in a matter of weeks.

 

[xd9fan]

Dollar rally, pullback to $850, before takeoff.

there is no way gold will go down to 850. To much support at higher levels. If gold goes to 1200 many many people will buy at that dip....to make the dip not last very long.

 

[devil21]

^^^^
Thread is nearly two years old.

 

[cbc58]

Deflationists, where are thou?

Right here. Show me real inflation based actual increased demand and not speculative buying/investments... or shortages due to weather/accidents. Where is it?

 

[tmosley]

Right here. Show me real inflation based actual increased demand and not speculative buying/investments... or shortages due to weather/accidents. Where is it?

Hyperinflation never comes from demand, but always from "speculation" as people lose faith in the currency and buy anything physical.

 

[pmbug]

... or shortages due to weather/accidents. Where is it?

Russian wheat.
Chinese rare earth metals. (market demand)
Canadian potash? (market demand)

Commodity inflation is conveniently not measured by our CPI stick. It could, however, be the catalyst for hyperinflation during a currency crisis.

Hypothesis presented: http://www.zerohedge.com/article/guest-post-how-hyperinflation-will-happen

Hypothesis defended: http://www.zerohedge.com/article/guest-post-hyperinflation-part-ii-what-it-will-look

Troubling signs: http://www.zerohedge.com/article/gonzalo-liras-redux-signs-upcoming-hyperinflation

Confirmation?: http://www.zerohedge.com/article/guest-post-bad-worse-economy-today-and-tomorrow

 

[Stary Hickory]

Right here. Show me real inflation based actual increased demand and not speculative buying/investments... or shortages due to weather/accidents. Where is it?

Lord learn the definition of inflation properly first. There is a very good reason Austrians define inflation as a increase in the money supply. If you increase the money supply by 40% prices go up overall by 40%. No matter what you may or may not think about that. As soon as it hits the market this is what happens. It is IMPOSSIBLE for it not to.

The newly created money must go somewhere. It usually bubbles up in certain sectors and then bleeds off in a more generalized manner to the whole market, but it never really fully gushes into the entire market. In this way the total of everything roughly mirrors the increase in the money supply. You can have a 39% increase in the price of wheat but only a 2% increase in everything else but you would still get a 40% overall. Speculation as you call it is simply people trading dollars for goods and services. Excess monetary creation will create more speculation because of the new source of dollars for trade. Again this is impossible to deny.

 

[cbc58]

i'm not going to win this argument with people so ingrained in their thinking. you can massage words and meanings all you want - but the reality is that, right now, there is investor speculation causing the price of many things to rise - not actual consumer demand. when i say investor speculation i mean big boys on wall st and hedge funds. you can call that demand - i call it speculative demand.

also, from what i understand, money has been created but has not yet entered the system because banks don't want to lend and consumers don't want to borrow. if anything, consumers are contracting not spending. sure there are other countries buying commodities and what-not, but alot of that is also speculative. prices for food have risen not because people are eating more green beans, but because of market manipulation of oil and other commodities used to grow and transport them.

i am not saying that true inflation and hyperinflation isn't coming - it is and probably very soon- but i beleive that most of what is occuring at this time is pure speculation in anticipation of a fall... not real demand based purchasing. and i won't even get into the govt. paying people not to grow food or that there are really no free markets and this is a controlled system... or that the euro crisis plays a big part to the gold/silver appreciation as it is today - not the dollar.

 

[teacherone]

here's some inflation for you

crude:

Market Access Jim Rogers Commodity Index Fund
ETF, ISIN LU0249326488, WKN A0JK68, M9SA

 

[cbc58]

see post above about derivatives - exactly what i'm talking about.

if you put up a chart of oil going further back - it has actually deflated in price at it's current levels - not inflated.

 

[teacherone]

see post above about derivatives - exactly what i'm talking about.

uhh... i just showed you a bunch of price inflation. we already know there's been monetary inflation as well.

the only commodity that has deflated are housing prices, this may be enough to put downward pressure on inflation overall.

but with the trillions of new money waiting to get back in the game.

and with the billions that already is in it.

i can't see how we're not going to get some serious inflation in the near future.

just look at oil--the biggest housing crisis ever. the highest number of foreclosures. huge unemployment.

and oil at 90??!!

sure it's speculators---they're the ones the government keeps handing new money to!

 

[xd9fan]

What's up with Gold?

the price..

 

[TomtheTinker]

Right here. Show me real inflation based actual increased demand and not speculative buying/investments... or shortages due to weather/accidents. Where is it?

Housing-Education-Health care

 

[theoakman]

Right here. Show me real inflation based actual increased demand and not speculative buying/investments... or shortages due to weather/accidents. Where is it?

I take it you don't pay any bills.