Our focus on the housing market is no longer!

[peterb]

All this talk about gold is very interesting and compelling. And I have a position in it myself.
But, my main concern is it’s fundementals. And isnt that kind of what this whole correction that’s happening in the markets is really all about?
Gold’s biggest attraction is it’s store of value. Protection against abuse of FIAT currency, if you will. But, you cant consume it or really use it for anything very useful in life.

Fundementally, it costs about $500 to $600 US$ to produce an ounce of gold right now, in todays US$. So, at $900/ounce, it’s selling for roughly twice it’s prodcution costs. That sounds about like a wholesale price when you consider that most items sold in a store are sold for about 3 times there production costs. IMO, if gold breaks $1000, it is reacting to a panic as it is not that great a deal at that cost…i.e…the market will be betting that the US$ is really heading for big devaluation.

It seems like it’s really a hedge against panic and/or FIAT abuse.

[socrattt]

Thanks CF and Peterb for bringing this discussion back on track. Our friend urbanrealtor seems to always try to rebuttal every topic even if it means taking it completely off the subject.

As I continue to watch commodities closely I am still convinced that regardless of the fear of the average investor we will continue to see manipulations of both silver and gold. I believe this will be volatile market on both sides of the coin (no pun intended), until this bill or bills get passed or denied by congress.

I don’t believe that this $700 billion bill will pass. There are just way too many unanswered questions in this bill that will keep both sides from passing it. I think Ron Paul had some very interesting points this morning when questioning Bernanke. If this bill doesn’t pass the fear will be very eminent and investors will cont. This would also add some fuel to the commodity fire. I have my hand on the mouse at all times ready to put in a huge commodity buy order if this bill is mauled.

[socrattt]

Thanks CF and Peterb for bringing this discussion back on track. Our friend urbanrealtor seems to always try to rebuttal every topic even if it means taking it completely off the subject.

As I continue to watch commodities closely I am still convinced that regardless of the fear of the average investor we will continue to see manipulations of both silver and gold. I believe this will be volatile market on both sides of the coin (no pun intended), until this bill or bills get passed or denied by congress.

I don’t believe that this $700 billion bill will pass. There are just way too many unanswered questions in this bill that will keep both sides from passing it. I think Ron Paul had some very interesting points this morning when questioning Bernanke. If this bill doesn’t pass the fear will be very eminent and investors will cont. This would also add some fuel to the commodity fire. I have my hand on the mouse at all times ready to put in a huge commodity buy order if this bill is mauled.

[socrattt]

Thanks CF and Peterb for bringing this discussion back on track. Our friend urbanrealtor seems to always try to rebuttal every topic even if it means taking it completely off the subject.

As I continue to watch commodities closely I am still convinced that regardless of the fear of the average investor we will continue to see manipulations of both silver and gold. I believe this will be volatile market on both sides of the coin (no pun intended), until this bill or bills get passed or denied by congress.

I don’t believe that this $700 billion bill will pass. There are just way too many unanswered questions in this bill that will keep both sides from passing it. I think Ron Paul had some very interesting points this morning when questioning Bernanke. If this bill doesn’t pass the fear will be very eminent and investors will cont. This would also add some fuel to the commodity fire. I have my hand on the mouse at all times ready to put in a huge commodity buy order if this bill is mauled.

[socrattt]

Thanks CF and Peterb for bringing this discussion back on track. Our friend urbanrealtor seems to always try to rebuttal every topic even if it means taking it completely off the subject.

As I continue to watch commodities closely I am still convinced that regardless of the fear of the average investor we will continue to see manipulations of both silver and gold. I believe this will be volatile market on both sides of the coin (no pun intended), until this bill or bills get passed or denied by congress.

I don’t believe that this $700 billion bill will pass. There are just way too many unanswered questions in this bill that will keep both sides from passing it. I think Ron Paul had some very interesting points this morning when questioning Bernanke. If this bill doesn’t pass the fear will be very eminent and investors will cont. This would also add some fuel to the commodity fire. I have my hand on the mouse at all times ready to put in a huge commodity buy order if this bill is mauled.

[socrattt]

Thanks CF and Peterb for bringing this discussion back on track. Our friend urbanrealtor seems to always try to rebuttal every topic even if it means taking it completely off the subject.

As I continue to watch commodities closely I am still convinced that regardless of the fear of the average investor we will continue to see manipulations of both silver and gold. I believe this will be volatile market on both sides of the coin (no pun intended), until this bill or bills get passed or denied by congress.

I don’t believe that this $700 billion bill will pass. There are just way too many unanswered questions in this bill that will keep both sides from passing it. I think Ron Paul had some very interesting points this morning when questioning Bernanke. If this bill doesn’t pass the fear will be very eminent and investors will cont. This would also add some fuel to the commodity fire. I have my hand on the mouse at all times ready to put in a huge commodity buy order if this bill is mauled.

[peterb]

I think this $700B Failout, will not change anything about the economic condition the US is now looking at. But I think it will add fuel to the devaluation of the US$.

The latest gold charts look pretty bullish from both an Elliott wave perspective as well as candle stick charting. Add panic and possible further US$ devaluation and it’s looking like a good play at this time.

I would be a little careful with commodities in general at this time as unemployment and a world recession will cause a lot of demand destruction for most everything.

Just my 2 cents.

[peterb]

I think this $700B Failout, will not change anything about the economic condition the US is now looking at. But I think it will add fuel to the devaluation of the US$.

The latest gold charts look pretty bullish from both an Elliott wave perspective as well as candle stick charting. Add panic and possible further US$ devaluation and it’s looking like a good play at this time.

I would be a little careful with commodities in general at this time as unemployment and a world recession will cause a lot of demand destruction for most everything.

Just my 2 cents.

[peterb]

I think this $700B Failout, will not change anything about the economic condition the US is now looking at. But I think it will add fuel to the devaluation of the US$.

The latest gold charts look pretty bullish from both an Elliott wave perspective as well as candle stick charting. Add panic and possible further US$ devaluation and it’s looking like a good play at this time.

I would be a little careful with commodities in general at this time as unemployment and a world recession will cause a lot of demand destruction for most everything.

Just my 2 cents.

[peterb]

I think this $700B Failout, will not change anything about the economic condition the US is now looking at. But I think it will add fuel to the devaluation of the US$.

The latest gold charts look pretty bullish from both an Elliott wave perspective as well as candle stick charting. Add panic and possible further US$ devaluation and it’s looking like a good play at this time.

I would be a little careful with commodities in general at this time as unemployment and a world recession will cause a lot of demand destruction for most everything.

Just my 2 cents.

[peterb]

I think this $700B Failout, will not change anything about the economic condition the US is now looking at. But I think it will add fuel to the devaluation of the US$.

The latest gold charts look pretty bullish from both an Elliott wave perspective as well as candle stick charting. Add panic and possible further US$ devaluation and it’s looking like a good play at this time.

I would be a little careful with commodities in general at this time as unemployment and a world recession will cause a lot of demand destruction for most everything.

Just my 2 cents.

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