dharma Posted August 4, 2010 Report Share Posted August 4, 2010 some thoughts the perpetrators of this financial calamity will go unscathed and make billions while joe is homeless , jobless, and hungry! justice!? we dont need no stinkin justice! the banksters will make fortunes the most undervalued asset class is the miners. they can mine gold for 4-500 an ounce and sell it for 1200 . finding good management teams is key. they need to be able to execute , and not just on their stock options. oil @82+ wheat up over 50% in a month grains starting to bust moves yup , brings back memories and yet nero fiddles 1198,1213 are resistance and 1229 busts into the next price cycle. dont know if we are starting the next leg up here. i look @the 15 week cycle due to bottom the last week in august, week 12 here and now. its only a matter of time. the banksters have reduced their gigantic short positions in the metals and are now net long. their arrival portends violent swings. the banksters dont have patience. i think phase 3 starts soon. i expect volatility to go off the charts in the gold market. not one limit up day , yet. 2008 was the death of financial assets 2010 will start the death of fiat. worthless , pointless , fake promises! dharma Link to comment Share on other sites More sharing options...
DrStool Posted August 4, 2010 Report Share Posted August 4, 2010 The commodities rallies are once again based on erroneous premises. The value of fiat is hard to establish, but it isn't worthless. Much of it has already been destroyed, jut not reported. There's not as much of it around as people think. There will be another dollar short squeeze as the next round of debt backed by fictitious capital comes due. Gold is going higher and I'm bullish on the miners, but the idea that gold will go to 3-5k an ounce as pronounced by some goldbugs is a wet dream. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted August 4, 2010 Report Share Posted August 4, 2010 Doc, when BIS changed its accounting to pretend and extend when do you think they will change back to reality based numbers? Tomorrow? Never? The gold bull is lengthening everyday as there is no answer for the debt involved except pay the interest interim. And this is hard to do with no growth on a worldwide basis. Even years from now when the US$ does crash (it doesn't have to be tomorrow) it will happen overnight in one fell swoop and be unmerciful. Link to comment Share on other sites More sharing options...
dharma Posted August 6, 2010 Author Report Share Posted August 6, 2010 The commodities rallies are once again based on erroneous premises. The value of fiat is hard to establish, but it isn't worthless. Much of it has already been destroyed, jut not reported. There's not as much of it around as people think. There will be another dollar short squeeze as the next round of debt backed by fictitious capital comes due. Gold is going higher and I'm bullish on the miners, but the idea that gold will go to 3-5k an ounce as pronounced by some goldbugs is a wet dream. russia stops wheat exports http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7929133/Agflation-fears-as-Russia-halts-all-grain-exports.html dharma Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.