[peterb]

The big fluctuations in gold are panic driven and dont last very long. But in the long haul, gold is the honest value of FIAT currencies. So from a store of value point of view, it’s a good investment foundation.

It has done exceptionally well lately when you compare it to other commodities. If it holds up in price, the mining companies can make good incomes again. Especially if oil trends down. Mines are energy intensive ventures. But there are some strong arquements that gold is in a rising bubble formation. But from a historical analysis, gold rises in real terms after a huge credit bubble bursts and we get strong liquidation pressure. This may occur as early as late October through to December. And right now the technicians are saying it’s very “over bought”. So I would not be surprised to see it drop for a few weeks or longer. At which time I will probably buy more as the world currencies look unstable going forward.

[peterb]

The big fluctuations in gold are panic driven and dont last very long. But in the long haul, gold is the honest value of FIAT currencies. So from a store of value point of view, it’s a good investment foundation.

It has done exceptionally well lately when you compare it to other commodities. If it holds up in price, the mining companies can make good incomes again. Especially if oil trends down. Mines are energy intensive ventures. But there are some strong arquements that gold is in a rising bubble formation. But from a historical analysis, gold rises in real terms after a huge credit bubble bursts and we get strong liquidation pressure. This may occur as early as late October through to December. And right now the technicians are saying it’s very “over bought”. So I would not be surprised to see it drop for a few weeks or longer. At which time I will probably buy more as the world currencies look unstable going forward.

[peterb]

The big fluctuations in gold are panic driven and dont last very long. But in the long haul, gold is the honest value of FIAT currencies. So from a store of value point of view, it’s a good investment foundation.

It has done exceptionally well lately when you compare it to other commodities. If it holds up in price, the mining companies can make good incomes again. Especially if oil trends down. Mines are energy intensive ventures. But there are some strong arquements that gold is in a rising bubble formation. But from a historical analysis, gold rises in real terms after a huge credit bubble bursts and we get strong liquidation pressure. This may occur as early as late October through to December. And right now the technicians are saying it’s very “over bought”. So I would not be surprised to see it drop for a few weeks or longer. At which time I will probably buy more as the world currencies look unstable going forward.

[peterb]

The big fluctuations in gold are panic driven and dont last very long. But in the long haul, gold is the honest value of FIAT currencies. So from a store of value point of view, it’s a good investment foundation.

It has done exceptionally well lately when you compare it to other commodities. If it holds up in price, the mining companies can make good incomes again. Especially if oil trends down. Mines are energy intensive ventures. But there are some strong arquements that gold is in a rising bubble formation. But from a historical analysis, gold rises in real terms after a huge credit bubble bursts and we get strong liquidation pressure. This may occur as early as late October through to December. And right now the technicians are saying it’s very “over bought”. So I would not be surprised to see it drop for a few weeks or longer. At which time I will probably buy more as the world currencies look unstable going forward.

[peterb]

All currencies are about to start creating more money. Watching gold in a short time frame is not too meaningful. Especially in this market of extreme volitility. The fundementals all point to gold going higher in the next few years. So then it’s a matter of timing. If it gets support at $800 or there abouts, it should be ok for the next leg up. If not, then it go to the next support level of around $650. Keep in mind that it costs about $500 or $600 to produce and ounce. And finding new gold is not getting easier.

I’m 30% right now and keeping a close eye on support levels. I’ll buy more at $800. And if it breaks down, I’ll get more at $700. So I guess I’m getting more no matter what. Kinda funny.

[peterb]

All currencies are about to start creating more money. Watching gold in a short time frame is not too meaningful. Especially in this market of extreme volitility. The fundementals all point to gold going higher in the next few years. So then it’s a matter of timing. If it gets support at $800 or there abouts, it should be ok for the next leg up. If not, then it go to the next support level of around $650. Keep in mind that it costs about $500 or $600 to produce and ounce. And finding new gold is not getting easier.

I’m 30% right now and keeping a close eye on support levels. I’ll buy more at $800. And if it breaks down, I’ll get more at $700. So I guess I’m getting more no matter what. Kinda funny.

[peterb]

All currencies are about to start creating more money. Watching gold in a short time frame is not too meaningful. Especially in this market of extreme volitility. The fundementals all point to gold going higher in the next few years. So then it’s a matter of timing. If it gets support at $800 or there abouts, it should be ok for the next leg up. If not, then it go to the next support level of around $650. Keep in mind that it costs about $500 or $600 to produce and ounce. And finding new gold is not getting easier.

I’m 30% right now and keeping a close eye on support levels. I’ll buy more at $800. And if it breaks down, I’ll get more at $700. So I guess I’m getting more no matter what. Kinda funny.

[peterb]

All currencies are about to start creating more money. Watching gold in a short time frame is not too meaningful. Especially in this market of extreme volitility. The fundementals all point to gold going higher in the next few years. So then it’s a matter of timing. If it gets support at $800 or there abouts, it should be ok for the next leg up. If not, then it go to the next support level of around $650. Keep in mind that it costs about $500 or $600 to produce and ounce. And finding new gold is not getting easier.

I’m 30% right now and keeping a close eye on support levels. I’ll buy more at $800. And if it breaks down, I’ll get more at $700. So I guess I’m getting more no matter what. Kinda funny.

[peterb]

All currencies are about to start creating more money. Watching gold in a short time frame is not too meaningful. Especially in this market of extreme volitility. The fundementals all point to gold going higher in the next few years. So then it’s a matter of timing. If it gets support at $800 or there abouts, it should be ok for the next leg up. If not, then it go to the next support level of around $650. Keep in mind that it costs about $500 or $600 to produce and ounce. And finding new gold is not getting easier.

I’m 30% right now and keeping a close eye on support levels. I’ll buy more at $800. And if it breaks down, I’ll get more at $700. So I guess I’m getting more no matter what. Kinda funny.

[peterb]

Walk aways will be the real killer. Unemployed, have to relocate or just plain pissed-off that Wall street was bailed out by Washington and they werent. Who wouldnt walk away. If nothing more than a political statement…Let’s all get ours!! Wall Street bought Washington and got theirs!

Set the market free. Bring the pain!!
It’s the average persons revenge on a corrupt system.

[peterb]

Walk aways will be the real killer. Unemployed, have to relocate or just plain pissed-off that Wall street was bailed out by Washington and they werent. Who wouldnt walk away. If nothing more than a political statement…Let’s all get ours!! Wall Street bought Washington and got theirs!

Set the market free. Bring the pain!!
It’s the average persons revenge on a corrupt system.

[peterb]

Walk aways will be the real killer. Unemployed, have to relocate or just plain pissed-off that Wall street was bailed out by Washington and they werent. Who wouldnt walk away. If nothing more than a political statement…Let’s all get ours!! Wall Street bought Washington and got theirs!

Set the market free. Bring the pain!!
It’s the average persons revenge on a corrupt system.

[peterb]

Walk aways will be the real killer. Unemployed, have to relocate or just plain pissed-off that Wall street was bailed out by Washington and they werent. Who wouldnt walk away. If nothing more than a political statement…Let’s all get ours!! Wall Street bought Washington and got theirs!

Set the market free. Bring the pain!!
It’s the average persons revenge on a corrupt system.

[peterb]

Walk aways will be the real killer. Unemployed, have to relocate or just plain pissed-off that Wall street was bailed out by Washington and they werent. Who wouldnt walk away. If nothing more than a political statement…Let’s all get ours!! Wall Street bought Washington and got theirs!

Set the market free. Bring the pain!!
It’s the average persons revenge on a corrupt system.

[peterb]

In a free market, it matters very much what the buyers feel is appropriate or fair. As they are the people that make the part of the market that matters. They spend the money. If the govt screws with the loans or makes it so the lenders screw with the loans, they better keep the potential buyers in mind. Because if buyers feel it’s a lousy deal, there goes your market. It will hang in limbo. And will still eventually come down.

Lenders are avoiding any changes right now because it’s all bad for them to recognize any of it. So delaying tactics are the order of the day. Looking the other way until a bailout or something changes things for the better. Or perhaps until management can leave the positions.But nothing except a market correction will do this. They may somehow inflate out of it, but that’s still a correction in real money.

[Author]

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