Gold Up $23.60 Today

You need to be tested for dementia. I predict that gold will continue to rise untill the Fed stops printing dollars without regard to relationship to the real, now unreal, economy.

Some on the Fed have stated that the fed probably would not raise rates till 2012. Gold will climb a long way between now and 2012...eh, fatso? Or turn the table and say the dollar can fall a long way in the same span of time.

BTW, how come gold has gone on a big run since Obama returned from his visit to the middle kingdom? Perhaps the Chinese did not like the answers to their questions?

...and, why is China encouraging it's citizens to buy gold/silver and opening new outlets all over the country to make it easy to buy? The Chinese do nothing without long study, unlike American pols that sign tomes that none of them have even glanced at or know the title of. Whats up with that, eh WHOGAS?

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You need to be tested for dementia. I predict that gold will continue to rise

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Someone needs to be tested for dementia, and it isYOU!

Here is what you wrote on February 28 of this year:

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re: The next group probably looking for a bailout? (Posted on 2/28/09 at 9:34 p.m. by Rivers to coolpapaboze) Probably people holding physical gold. They are screwed. When the dollar strengthens, they will run like scared rats...Gold will probably be selling for about $35 oz this time next year

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You lose.....again.

Post the entire thread and not a sentence out of context. Otherwise you make yourself out the lying WHOGAS that you are.

Post the tread...Or, shut up.

11-24-09 GOLD $73.30 UP $5.10

You claim to be a hot shot stock picker. Here is a proposition for you. Pick a dozen NYSE stocks tomorrow and we will note the closing price. I will pick oil, gold, silver, wheat, rice, soy beans for a basket of commodities.

In one year we will compare the closing prices for your stocks, including dividends, to my basket of commodities and see who is ahead, percentage wise, in inflation adjusted prices. Sound fair?

So pick your stocks and list them on the board so that we can all see what a great stock picker you are.

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Put the cursor (that is the little arrow looking symbol that moves around your computer screen when you move the mouse) on the word "LINK" and left click the mouse. A new window will open with the entire thread where you predicted gold would drop to $35/oz by February, 2010 or 2011. You can scroll up or down the entire thread after the new window opens.

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I almost fell out of my chair laughing + kfizz's response in the other thread which boiled down to :"click the link, dope."

I said commodities, not commodity ETFs. I will not touch commodity ETFs with a ten foot pole, now, in the past, ever.

What is difficult to comprehend about that?

I buy commodity contracts, not ETFs

What is difficult to comprehend about that?

...and, about the gold issue. While you are oozing your fat carcass around in past posts see if you can locate my post explaining why my family has been purchasing gold since prior to the US civil war.

My ancestors went long the confederacy, lost nearly everything when confederate fiat money collapsed, and have been accumulating and bequeathing gold to genreations since that time.

You know perfectly well where I stand on the gold issue. Do you think I would actually sell gold? Only a fool would trade gold for any fiat currency...but that doesn't eliminate you.

Gold current spot $1190.30 up 22.10

The current spot indicates that GS and JPM have lost close to $1 Billion on their gold shorts today...that is a billion of gold bullion, not fiat dollars. How long can GS and JPM continue to hold their shorts and lose gold bullion at that rate? Do you think congress knows how much gold Wall St is losing while gold is on the uptrend?

You don't think these frickers are shorting gold?

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My ancestors went long the confederacy

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So you come from several generations of losers??? It's in your genes.....

'You don't think these frickers are shorting gold?'

Kfizz is from the same school as WHOGAS, aka LSUrussian; ie, la la land.

Of course all the Keynesians are believers in the 'bail out Wall St, screw America'.

The problem the gold shorters are running into is aquiring physical commodities to cover their losses. Now at settlement the shorts are offering a premium to the longs to take dollars instead of commodities. Increasingly the longs are insisting on settlement in the commodity. Of course the Fed cannot print a commodity so their lies the problem.

It's interesting that when Asian commodity mkts open the price of gold jumps. This has been especially true since Obama returned from his recent trip to the far east. I have a hunch that the Chinese are putting pressure on the big US gold shorts and are not taking dollars at settlement. I enjoy watching this game...almost as good as SEC fb.

Can you provide even the smallest evidence who is shorting gold? And by 'evidence' I don't mean one of your man-crush bloggers.