Gold Fever

[4plexowner]

Concho, if you had studied the precious metals markets in depth you would know that the IMF has been threatening to sell this same 400 tons of gold for at least 20 years now and it has yet to be sold

so, yes, you are very correct to think that IMF gold sales are meant to manipulate the market

if you really studied in depth you would find that these threats to sell the IMF gold, coincidentally, seem to occur when gold is threatening to break above some level that the central banks / TPTB have decided to defend

as you can see by observing your own behavior, the IMF threat has done exactly what it was intended to do, which is to steer you away from going long in the precious metals market

some analysts think the IMF sale may actually occur this time – who knows, history says otherwise

China would love to buy this gold – they’d get a single price for 400 tons without driving the gold market price up – will China be allowed to purchase this gold? that’s another question since the US has final say-so over selling any IMF gold and the US and China are currently in a pissing war

[CricketOnTheHearth]

I just have to say, I got huge deja vu earlier this year when all the “buy gold, it’s such a good investment” ads hit CNN. It took me right back to the early ’80’s, which was the last time I saw a media-led gold buying frenzy. This was about the time that gold had hit $1000/ounce. Shortly thereafter, when Volcker had wrung the larger portion of price inflation out of the economy, the price of gold plummeted.

Wish I had been a bit more diligent in the Clinton years, when it was sub-$300 during the .com boom. Yow! That was the time to buy gold!

So when I saw these kinds of ads pop up again this year, I thought to myself, “hmmm, ‘they’ (the big players) must be thinking gold’s at a top and want to offload it onto as many suckers as they can.”

FWIW, when I crunch the gov’s CPI data on that $1000/oz over the intervening years, I come up with a figure of $2369/oz equivalent to today’s buying dollars.

[CricketOnTheHearth]

I just have to say, I got huge deja vu earlier this year when all the “buy gold, it’s such a good investment” ads hit CNN. It took me right back to the early ’80’s, which was the last time I saw a media-led gold buying frenzy. This was about the time that gold had hit $1000/ounce. Shortly thereafter, when Volcker had wrung the larger portion of price inflation out of the economy, the price of gold plummeted.

Wish I had been a bit more diligent in the Clinton years, when it was sub-$300 during the .com boom. Yow! That was the time to buy gold!

So when I saw these kinds of ads pop up again this year, I thought to myself, “hmmm, ‘they’ (the big players) must be thinking gold’s at a top and want to offload it onto as many suckers as they can.”

FWIW, when I crunch the gov’s CPI data on that $1000/oz over the intervening years, I come up with a figure of $2369/oz equivalent to today’s buying dollars.

[CricketOnTheHearth]

I just have to say, I got huge deja vu earlier this year when all the “buy gold, it’s such a good investment” ads hit CNN. It took me right back to the early ’80’s, which was the last time I saw a media-led gold buying frenzy. This was about the time that gold had hit $1000/ounce. Shortly thereafter, when Volcker had wrung the larger portion of price inflation out of the economy, the price of gold plummeted.

Wish I had been a bit more diligent in the Clinton years, when it was sub-$300 during the .com boom. Yow! That was the time to buy gold!

So when I saw these kinds of ads pop up again this year, I thought to myself, “hmmm, ‘they’ (the big players) must be thinking gold’s at a top and want to offload it onto as many suckers as they can.”

FWIW, when I crunch the gov’s CPI data on that $1000/oz over the intervening years, I come up with a figure of $2369/oz equivalent to today’s buying dollars.

[CricketOnTheHearth]

I just have to say, I got huge deja vu earlier this year when all the “buy gold, it’s such a good investment” ads hit CNN. It took me right back to the early ’80’s, which was the last time I saw a media-led gold buying frenzy. This was about the time that gold had hit $1000/ounce. Shortly thereafter, when Volcker had wrung the larger portion of price inflation out of the economy, the price of gold plummeted.

Wish I had been a bit more diligent in the Clinton years, when it was sub-$300 during the .com boom. Yow! That was the time to buy gold!

So when I saw these kinds of ads pop up again this year, I thought to myself, “hmmm, ‘they’ (the big players) must be thinking gold’s at a top and want to offload it onto as many suckers as they can.”

FWIW, when I crunch the gov’s CPI data on that $1000/oz over the intervening years, I come up with a figure of $2369/oz equivalent to today’s buying dollars.

[CricketOnTheHearth]

I just have to say, I got huge deja vu earlier this year when all the “buy gold, it’s such a good investment” ads hit CNN. It took me right back to the early ’80’s, which was the last time I saw a media-led gold buying frenzy. This was about the time that gold had hit $1000/ounce. Shortly thereafter, when Volcker had wrung the larger portion of price inflation out of the economy, the price of gold plummeted.

Wish I had been a bit more diligent in the Clinton years, when it was sub-$300 during the .com boom. Yow! That was the time to buy gold!

So when I saw these kinds of ads pop up again this year, I thought to myself, “hmmm, ‘they’ (the big players) must be thinking gold’s at a top and want to offload it onto as many suckers as they can.”

FWIW, when I crunch the gov’s CPI data on that $1000/oz over the intervening years, I come up with a figure of $2369/oz equivalent to today’s buying dollars.

[4plexowner]

Tepid Media Make Gold an Enticing Buy
http://news.goldseek.com/RickAckerman/1253599260.php

“What am I getting at? Just this: Here we are on September 20, 2009, the price of gold is $1000, the world economies have just rammed trillions of dollars more of worthless paper into a failing world economy, and yet the system is more rotten and corrupt than ever. This is the scenario that most true gold people have anticipated for a very long time, and now it is upon us. The odds that this drama is going to end or reverse are so remote that the Las Vegas oddsmakers would probably not book a bet on it happening. We are lifting off in a historic parabolic pattern (look again at the charts) Questions concerning where it will end, and how high it will go, are pure speculation. But it won’t be soon, and it won’t be anywhere near the current price.

Just be sure you understand the value and the future of gold. We know we’re in a lonely minority, but we don’t need a validation by a mainstream who have never or will never understand gold or the company of supposedly renowned people. As I always point out, it is like faith in Jesus — you either see him or you don’t.

You don’t need Bob Prechter, Warren Buffett, Alan Greenspan, Jon Nadler, Leonard Kaplan, Jim Cramer, Larry King, Abbe Joseph Cohen, Larry Kudlow, Oprah, Barack, Paula Abdul, Jimmy Carter, Bono, Tom Cruise, or, finally, a front-page feature in the New York Times to assure you that they are in the gold camp. When that happens it will be time to sell and retire to a safe and hidden location.

Please relax. The $1000 level is just another weigh station on a very long journey. There are going to be many dramatic episodes on the way, but the ultimate destination is still far, far away. “

[4plexowner]

Tepid Media Make Gold an Enticing Buy
http://news.goldseek.com/RickAckerman/1253599260.php

“What am I getting at? Just this: Here we are on September 20, 2009, the price of gold is $1000, the world economies have just rammed trillions of dollars more of worthless paper into a failing world economy, and yet the system is more rotten and corrupt than ever. This is the scenario that most true gold people have anticipated for a very long time, and now it is upon us. The odds that this drama is going to end or reverse are so remote that the Las Vegas oddsmakers would probably not book a bet on it happening. We are lifting off in a historic parabolic pattern (look again at the charts) Questions concerning where it will end, and how high it will go, are pure speculation. But it won’t be soon, and it won’t be anywhere near the current price.

Just be sure you understand the value and the future of gold. We know we’re in a lonely minority, but we don’t need a validation by a mainstream who have never or will never understand gold or the company of supposedly renowned people. As I always point out, it is like faith in Jesus — you either see him or you don’t.

You don’t need Bob Prechter, Warren Buffett, Alan Greenspan, Jon Nadler, Leonard Kaplan, Jim Cramer, Larry King, Abbe Joseph Cohen, Larry Kudlow, Oprah, Barack, Paula Abdul, Jimmy Carter, Bono, Tom Cruise, or, finally, a front-page feature in the New York Times to assure you that they are in the gold camp. When that happens it will be time to sell and retire to a safe and hidden location.

Please relax. The $1000 level is just another weigh station on a very long journey. There are going to be many dramatic episodes on the way, but the ultimate destination is still far, far away. “

[4plexowner]

Tepid Media Make Gold an Enticing Buy
http://news.goldseek.com/RickAckerman/1253599260.php

“What am I getting at? Just this: Here we are on September 20, 2009, the price of gold is $1000, the world economies have just rammed trillions of dollars more of worthless paper into a failing world economy, and yet the system is more rotten and corrupt than ever. This is the scenario that most true gold people have anticipated for a very long time, and now it is upon us. The odds that this drama is going to end or reverse are so remote that the Las Vegas oddsmakers would probably not book a bet on it happening. We are lifting off in a historic parabolic pattern (look again at the charts) Questions concerning where it will end, and how high it will go, are pure speculation. But it won’t be soon, and it won’t be anywhere near the current price.

Just be sure you understand the value and the future of gold. We know we’re in a lonely minority, but we don’t need a validation by a mainstream who have never or will never understand gold or the company of supposedly renowned people. As I always point out, it is like faith in Jesus — you either see him or you don’t.

You don’t need Bob Prechter, Warren Buffett, Alan Greenspan, Jon Nadler, Leonard Kaplan, Jim Cramer, Larry King, Abbe Joseph Cohen, Larry Kudlow, Oprah, Barack, Paula Abdul, Jimmy Carter, Bono, Tom Cruise, or, finally, a front-page feature in the New York Times to assure you that they are in the gold camp. When that happens it will be time to sell and retire to a safe and hidden location.

Please relax. The $1000 level is just another weigh station on a very long journey. There are going to be many dramatic episodes on the way, but the ultimate destination is still far, far away. “

[4plexowner]

Tepid Media Make Gold an Enticing Buy
http://news.goldseek.com/RickAckerman/1253599260.php

“What am I getting at? Just this: Here we are on September 20, 2009, the price of gold is $1000, the world economies have just rammed trillions of dollars more of worthless paper into a failing world economy, and yet the system is more rotten and corrupt than ever. This is the scenario that most true gold people have anticipated for a very long time, and now it is upon us. The odds that this drama is going to end or reverse are so remote that the Las Vegas oddsmakers would probably not book a bet on it happening. We are lifting off in a historic parabolic pattern (look again at the charts) Questions concerning where it will end, and how high it will go, are pure speculation. But it won’t be soon, and it won’t be anywhere near the current price.

Just be sure you understand the value and the future of gold. We know we’re in a lonely minority, but we don’t need a validation by a mainstream who have never or will never understand gold or the company of supposedly renowned people. As I always point out, it is like faith in Jesus — you either see him or you don’t.

You don’t need Bob Prechter, Warren Buffett, Alan Greenspan, Jon Nadler, Leonard Kaplan, Jim Cramer, Larry King, Abbe Joseph Cohen, Larry Kudlow, Oprah, Barack, Paula Abdul, Jimmy Carter, Bono, Tom Cruise, or, finally, a front-page feature in the New York Times to assure you that they are in the gold camp. When that happens it will be time to sell and retire to a safe and hidden location.

Please relax. The $1000 level is just another weigh station on a very long journey. There are going to be many dramatic episodes on the way, but the ultimate destination is still far, far away. “

[4plexowner]

Tepid Media Make Gold an Enticing Buy
http://news.goldseek.com/RickAckerman/1253599260.php

“What am I getting at? Just this: Here we are on September 20, 2009, the price of gold is $1000, the world economies have just rammed trillions of dollars more of worthless paper into a failing world economy, and yet the system is more rotten and corrupt than ever. This is the scenario that most true gold people have anticipated for a very long time, and now it is upon us. The odds that this drama is going to end or reverse are so remote that the Las Vegas oddsmakers would probably not book a bet on it happening. We are lifting off in a historic parabolic pattern (look again at the charts) Questions concerning where it will end, and how high it will go, are pure speculation. But it won’t be soon, and it won’t be anywhere near the current price.

Just be sure you understand the value and the future of gold. We know we’re in a lonely minority, but we don’t need a validation by a mainstream who have never or will never understand gold or the company of supposedly renowned people. As I always point out, it is like faith in Jesus — you either see him or you don’t.

You don’t need Bob Prechter, Warren Buffett, Alan Greenspan, Jon Nadler, Leonard Kaplan, Jim Cramer, Larry King, Abbe Joseph Cohen, Larry Kudlow, Oprah, Barack, Paula Abdul, Jimmy Carter, Bono, Tom Cruise, or, finally, a front-page feature in the New York Times to assure you that they are in the gold camp. When that happens it will be time to sell and retire to a safe and hidden location.

Please relax. The $1000 level is just another weigh station on a very long journey. There are going to be many dramatic episodes on the way, but the ultimate destination is still far, far away. “

[NotCranky]

Understanding the upside in gold is like believeing in Jesus? I see. Please relax.

[NotCranky]

Understanding the upside in gold is like believeing in Jesus? I see. Please relax.

[NotCranky]

Understanding the upside in gold is like believeing in Jesus? I see. Please relax.

[NotCranky]

Understanding the upside in gold is like believeing in Jesus? I see. Please relax.

[Author]

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