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peterb
ParticipantThe senior currency usually is the strongest in times of global stress. For a host of reasons. I would not look for the US$ to be weak in the future. All currencies are now fiat. The US$ should rise in relative strength to all other fiats in the next leg down. It’s an ugly contest. Gold may test its Oct lows, but then return to its high soon thereafter.
peterb
ParticipantThe senior currency usually is the strongest in times of global stress. For a host of reasons. I would not look for the US$ to be weak in the future. All currencies are now fiat. The US$ should rise in relative strength to all other fiats in the next leg down. It’s an ugly contest. Gold may test its Oct lows, but then return to its high soon thereafter.
peterb
ParticipantThe senior currency usually is the strongest in times of global stress. For a host of reasons. I would not look for the US$ to be weak in the future. All currencies are now fiat. The US$ should rise in relative strength to all other fiats in the next leg down. It’s an ugly contest. Gold may test its Oct lows, but then return to its high soon thereafter.
peterb
ParticipantJust remember, the term “buying” a house has been twisted. Almost no one buys a house, they take out a huge debt to get the title. That aint buying. You pay cash and own it outright, that’s buying. The rest is a strange fantasy people have. So if the payment’s lower, great, but that’s about sustaining debt. Not owning.
peterb
ParticipantJust remember, the term “buying” a house has been twisted. Almost no one buys a house, they take out a huge debt to get the title. That aint buying. You pay cash and own it outright, that’s buying. The rest is a strange fantasy people have. So if the payment’s lower, great, but that’s about sustaining debt. Not owning.
peterb
ParticipantJust remember, the term “buying” a house has been twisted. Almost no one buys a house, they take out a huge debt to get the title. That aint buying. You pay cash and own it outright, that’s buying. The rest is a strange fantasy people have. So if the payment’s lower, great, but that’s about sustaining debt. Not owning.
peterb
ParticipantJust remember, the term “buying” a house has been twisted. Almost no one buys a house, they take out a huge debt to get the title. That aint buying. You pay cash and own it outright, that’s buying. The rest is a strange fantasy people have. So if the payment’s lower, great, but that’s about sustaining debt. Not owning.
peterb
ParticipantJust remember, the term “buying” a house has been twisted. Almost no one buys a house, they take out a huge debt to get the title. That aint buying. You pay cash and own it outright, that’s buying. The rest is a strange fantasy people have. So if the payment’s lower, great, but that’s about sustaining debt. Not owning.
peterb
ParticipantIt is interesting to note that gold sold-off with the Oct crash, but then came back to test it’s 1000 high and has held within 15% since then. What else has done this? Gold does well when systems and money are under stress. Gold tends to go down in boom times and up when the systems are shaken or stressed. If we experience another liquidity crisis, look for similar action from the Oct crash.
The important thing to keep in mind is the relative strength of gold…i.e..what other assets are doing in relation to it. It’s gaining in relative strength since about 3 weeks ago. This portents trouble in the markets. And will keep producing gold miners very profitable for some time to come.peterb
ParticipantIt is interesting to note that gold sold-off with the Oct crash, but then came back to test it’s 1000 high and has held within 15% since then. What else has done this? Gold does well when systems and money are under stress. Gold tends to go down in boom times and up when the systems are shaken or stressed. If we experience another liquidity crisis, look for similar action from the Oct crash.
The important thing to keep in mind is the relative strength of gold…i.e..what other assets are doing in relation to it. It’s gaining in relative strength since about 3 weeks ago. This portents trouble in the markets. And will keep producing gold miners very profitable for some time to come.peterb
ParticipantIt is interesting to note that gold sold-off with the Oct crash, but then came back to test it’s 1000 high and has held within 15% since then. What else has done this? Gold does well when systems and money are under stress. Gold tends to go down in boom times and up when the systems are shaken or stressed. If we experience another liquidity crisis, look for similar action from the Oct crash.
The important thing to keep in mind is the relative strength of gold…i.e..what other assets are doing in relation to it. It’s gaining in relative strength since about 3 weeks ago. This portents trouble in the markets. And will keep producing gold miners very profitable for some time to come.peterb
ParticipantIt is interesting to note that gold sold-off with the Oct crash, but then came back to test it’s 1000 high and has held within 15% since then. What else has done this? Gold does well when systems and money are under stress. Gold tends to go down in boom times and up when the systems are shaken or stressed. If we experience another liquidity crisis, look for similar action from the Oct crash.
The important thing to keep in mind is the relative strength of gold…i.e..what other assets are doing in relation to it. It’s gaining in relative strength since about 3 weeks ago. This portents trouble in the markets. And will keep producing gold miners very profitable for some time to come.peterb
ParticipantIt is interesting to note that gold sold-off with the Oct crash, but then came back to test it’s 1000 high and has held within 15% since then. What else has done this? Gold does well when systems and money are under stress. Gold tends to go down in boom times and up when the systems are shaken or stressed. If we experience another liquidity crisis, look for similar action from the Oct crash.
The important thing to keep in mind is the relative strength of gold…i.e..what other assets are doing in relation to it. It’s gaining in relative strength since about 3 weeks ago. This portents trouble in the markets. And will keep producing gold miners very profitable for some time to come.April 30, 2009 at 4:56 PM in reply to: Foreclosures coming soon to a neighborhood near you…? #391093peterb
ParticipantSure looks like the govt is trying to make the train wreck a slow and somewhat managed crash. Instead of one huge and devistating drop to the floor. Hence the low interest, low down payment loans and stalling the foreclosure process.
Give away funding and dribble out the inventory. Fired-up demand and supressed supply. I guess it’s one way to attmept to control a market. But one must consider how long this can be continued? Sounds like a methodology to keep the market in kind of limbo for a long time.
Strange days, indeed. -
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