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Started By
Message
Gold Up $23.60 Today
Posted on 11/23/09 at 10:05 am
Posted on 11/23/09 at 10:05 am
'GOLD $1171.40 UP $23.60 %CHANGE 2.15
Bloomberg link... LINK
For every $25 up move in gold the shorts lose $1 Billion. Of course GS and JPM are covered by printing by the Fed but the rub comes when the shorts have to settle with REAL GOLD...not bs fiat currency.
Posted on 11/23/09 at 10:06 am to Rivers
Are you still predicting the price of gold will fall to $35/oz by February of next year?
Posted on 11/23/09 at 10:19 am to LSURussian
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?
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?
Posted on 11/23/09 at 10:40 am to Rivers
Hey WHOGAS...Here is a thought for you to ponder.
Suppose that China has decided to do the same thing to the US that Degaulle did in 1968?
...But, there is a difference between now and 1968 you say? Yes...the US Treasury gold window is now closed but it was open in '68.
If China wanted to pry real wealth;ie, gold, out of the US instead of unreal wealth;ie, fiat dollars, how would China proceed? Through the process of jacking gold prices and forcing the commercial shorts to cover with real gold, you say? Ah...you are cathcing on grasshopper.
Suppose that China has decided to do the same thing to the US that Degaulle did in 1968?
...But, there is a difference between now and 1968 you say? Yes...the US Treasury gold window is now closed but it was open in '68.
If China wanted to pry real wealth;ie, gold, out of the US instead of unreal wealth;ie, fiat dollars, how would China proceed? Through the process of jacking gold prices and forcing the commercial shorts to cover with real gold, you say? Ah...you are cathcing on grasshopper.
Posted on 11/23/09 at 11:42 am to Rivers
quote:Someone needs to be tested for dementia, and it isYOU!
You need to be tested for dementia. I predict that gold will continue to rise
Here is what you wrote on February 28 of this year:
quote:
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
You lose.....again.
Posted on 11/24/09 at 9:12 pm to LSURussian
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.
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.
Posted on 11/24/09 at 10:22 pm to Rivers
quote:Click on the link in my post. THE ENTIRE THREAD IS THERE. What part of that don't you understand?
Post the entire thread and not a sentence out of context.
One more time, here is a link to the entire thread: LINK
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.
quote:
I will pick oil, gold, silver, wheat, rice, soy beans for a basket of commodities.
quote:When did you change your mind about commodities? You thought commodities were a lousy investment and now you think they are a great investment? Do I understand that correctly?
"I have spent some time checking out commodity ETFs recently. I wouldn't touch any of them with a ten foot pole." posted by Rivers
Posted on 11/25/09 at 12:38 pm to LSURussian
quote:
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.
I almost fell out of my chair laughing + kfizz's response in the other thread which boiled down to :"click the link, dope."
Posted on 11/25/09 at 1:02 pm to tirebiter
quote:
I almost fell out of my chair laughing + kfizz's response in the other thread which boiled down to :"click the link, dope."
This all would be hysterical if it didn't require a new thread every day discussing where gold closed. Can those all be merged into one?
Posted on 11/25/09 at 1:47 pm to Reauxhan
A man can only hope. Someday...someday.
Posted on 11/25/09 at 3:11 pm to LSURussian
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?
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?
Posted on 11/25/09 at 3:14 pm to Rivers
quote:
The current spot indicates that GS and JPM have lost close to $1 Billion on their gold shorts today
Seriously? Are you just making shite up for the hell of it?
Posted on 11/25/09 at 3:34 pm to kfizzle85
You don't think these frickers are shorting gold?
Posted on 11/25/09 at 4:43 pm to Rivers
quote:So you come from several generations of losers??? It's in your genes.....
My ancestors went long the confederacy
Posted on 11/25/09 at 4:48 pm to Rivers
quote:Since you first wrote that on March 2, here is what a sampling of commodity ETFs have done:
I will not touch commodity ETFs with a ten foot pole,
(The ETF trading symbol is in parenthesis.)
1. 21.75% - gold (UBG)
2. 26.56% - food (FUD)
3. 31.78% - energy (UBN)
4. 36.45% - general commodities (DPU)
5. 72.74% - industrial metals (UBM)
6. 76.62% - nickel (JJN)
7. 80.52% - double (leveraged) long general commodities (DYY)
8. 102.92% - copper (JJC)
Now that the Colonel is no longer with us, I may have to start using you as my investment contra-indicator. Your investment opinion is.....well......MONEY! (As long as I do the opposite of what you say to do.)
Posted on 11/25/09 at 5:16 pm to TuDog
'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.
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.
Posted on 11/25/09 at 5:21 pm to LSURussian
Blah, blah, blah, blee, blee, blee...
One bad day that paper is going into the shitter and you will be left holding a lot of toilet paper. Then you will begin finger pointing in ernest...searching for a scapegoat cause you could not possibly have been wrong about your long term bullishness on everything paper.
The day is getting closer fatso. Are you ready for it?
BTW, I am still waiting for you to post your 12 NYSE stock picks for the next 12 months...Let's here them...or, are you to chicken shite to pick 12?
One bad day that paper is going into the shitter and you will be left holding a lot of toilet paper. Then you will begin finger pointing in ernest...searching for a scapegoat cause you could not possibly have been wrong about your long term bullishness on everything paper.
The day is getting closer fatso. Are you ready for it?
BTW, I am still waiting for you to post your 12 NYSE stock picks for the next 12 months...Let's here them...or, are you to chicken shite to pick 12?
Posted on 11/25/09 at 5:25 pm to Rivers
Can you provide even the smallest evidence who is shorting gold? And by 'evidence' I don't mean one of your man-crush bloggers.
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