sell! sell! sell!

[BASEHEAD]

I believe the gold bug hit this forum (Woof was a charter proponent) about a year and a half ago. I followed suit and bought in at 480. Now after taking some profit, I'm wishing I was still holding it all, as my profit is obviously deflating.

According to precious metals pundits, gold should top 1000, at least within the next year. As the peso sinks, gold rises.

Careful calling Woof a gold bug....lol. He didnt like it when I called him one.

Serious question to woof tho:

I have some standard gold eagles but I also have invested in some Buffalos (first date of issues) coins.Is the collectibility factor worth the extra cost? I think I got a deal @ 1100.00 each and Im not looking to flip them but was wondering whether you ever dealt with the collectible side of gold.

 

[VaultedTreehouse]

Come along....lol.

I cheer results-positive results (aka $$$ in the bank) and weigh the ramifications of negative ones and maneuver appropriately.

Cmon now...who was deriding the constant updating of the daily data points (when they are positive)? Not a word from you when theyre negative.You ranted about how retarded it was to keep following along with each development-but it seems headlines of the daily lender who gets cracked doesnt seem to bother you as much as the GDP,job #,the yeild curve,corporate profits,etc.....

You cant say for certain whats going to happen in the coming years,so for you to speak of being 'realistic' is nothing more guesswork and really leaves you no room to criticize anyone elses opinion,but the fact you only criticize folks looking at the glass half full is telling.

I believe I questioned debating every piece of data back in July before this thread actually offered something to the general public. Since a recession is simply not going to happen with our worthless currency which is the number one important thing right now and you know it Base. Yet I rarely hear you comment on how negative it is. I'm simply going to put forth my views at this point. You are Willie have made your feelings clear. You are both plain wrong that everything is hunky dory. I get it. That's fine. We can grow at 30% if we devalue our currency. Look at Zimbabwe please...Enough already, if you don't understand what the dollar, and gold is telling you its hopeless. So I'll stick to my points with an econ background and you can disregard everry last thing I say.

 

[Willie99]

VT. you are "plain wrong" about most any position you've ever taken.

Who ever said everything is hunky dory? not me, not Base

Things are not perfect, never will be. Might be time for you to study history.

You bring nothing to the table, except something about the bad news of the day. Kinda pathetic.

Try to actually grasp a fucking issue just one time.

We do laugh at all the conclusions you arrive at despite the fact that results and evidence and many trends directly contradict you child like positions.

 

[VaultedTreehouse]

What a typical nasty response Willie. Meanwhile I would say better than 80% of the board agrees more with a position held by myself, Woof, Tiznow, Carbone...etc.but that's fine...and what's your background again. Golf pro? Study history. Its all I freaking do.

 

[Willie99]

I'm sorry you think my response was nasty. I'm just climbing in the gutter with the rest of y'all.

So what does the history of economics tell you?

What happened after the last credit crunch?

What happened after the last housing crises?

What happened after past energy crisis?

What happened after the market lost 20% value in one day?

Continued, sustained long-term growth.

and can you tell me the last time every economic variable was "hunky dory"?

and 80% of the pundits around here think Ron Paul has a chance to win the Republican nomination, wtf should that mean to me?

I'm used to being in the minority. Works well for me

 

[VaultedTreehouse]

I still look forward to dinner at Mohegan Sun Mr. Will.

 

[Willie99]

I still look forward to dinner at Mohegan Sun Mr. Will.

Well, Ok then.

But you better not be a "don't pass player" at the craps table.:thumbsup:

 

[FrankieCarbone]

Many things have changed since these things happened:

-China was not competing for oil like they are now

-The Euro was not around to challenge the Dollar as the world's reserve currency

-Credit cards for everyone and sub prime lending was not in existence, people actually had to put 20% down on a house and have excellent credit to get a loan.

-There was not a negative savings rate in this country.

-Manufacturing jobs had not been farmed overseas

-Oil had not even been close to peak production, which we are currently at or very near. Oil is becoming harder and harder to pull out of the ground.


All these things will put a huge strain on our attempt to recover from the current housing and credit mess. I think the American consumer is pretty close to tapped out, or will be heading there with the new inflation Mr. Bernanke has created.

I'm sorry you think my response was nasty. I'm just climbing in the gutter with the rest of y'all.

So what does the history of economics tell you?

What happened after the last credit crunch?

What happened after the last housing crises?

What happened after past energy crisis?

What happened after the market lost 20% value in one day?

Continued, sustained long-term growth.

and can you tell me the last time every economic variable was "hunky dory"?

and 80% of the pundits around here think Ron Paul has a chance to win the Republican nomination, wtf should that mean to me?

I'm used to being in the minority. Works well for me

 

[BASEHEAD]

I believe I questioned debating every piece of data back in July before this thread actually offered something to the general public. Since a recession is simply not going to happen with our worthless currency which is the number one important thing right now and you know it Base. Yet I rarely hear you comment on how negative it is. I'm simply going to put forth my views at this point. You are Willie have made your feelings clear. You are both plain wrong that everything is hunky dory. I get it. That's fine. We can grow at 30% if we devalue our currency. Look at Zimbabwe please...Enough already, if you don't understand what the dollar, and gold is telling you its hopeless. So I'll stick to my points with an econ background and you can disregard everry last thing I say.

Zimbabwe? This comparison is so ridiculous I cant beleive you even trotted it out. The pressure on the dollar comes from a variety of sources.The simple printing of money isnt the only factor nor is it the only factor for inflation.Euro,most foriegn currencies for that matter,are riding a great wave,eventually they will come down,then the the dollar goes up.The more thats peg to the Euro the more it will hurt others when the Euro crumbles.All this talk of gold matching 28 year highs,fantastic I own gold, but its far away from the inflation adjusted value of 800 dollar gold circa 1979.This goldbug surge is brought on by two things consumerism exceeding supply and speculation from folks like us who hope that gold hits 1200+ and are overbuying but this too will end like everything else.Timing is everything.I just think there are always going to be offsets that absorb the most serious backlashes and Ive been right most of the time.Thats the main reason you wont see me jumping on the GD II bandwagon (thats Great Depression 2).When things get sticky Ill be right there buddy cashing out with you but until then I wont look a gift horse in the mouth and Ill get what I can get out this present moment.This is my job,Im pretty good at it.I routinely get free tickets from my boss for my dedication and eye for detail,or maybe because hes a family freind (lol).

We just have different views of the resilience of the American economy.The worlds a funny place,things can happen in the blink of an eye.I tend to play things short term-thats just the way I am.

I just look at the threads original directive-Sell Sell Sell.....now would that have really been the time to sell? I believe eek is on 'your side'.I believe a few of you were in agreement with him but here we are months later and the market still taking the bad news beatings like a champ.Ive never said we wouldnt get a slowdown but a honest to god recession (-GDP) is just not in the cards.These days a variety of sectors carry the markets day to day across the rough waters we are treading now.Its like the Patriots,someone always steps up and makes the play.You know what betting against the Pats will get you.

I dont why youre so serious,relax,we dont have to agree,its OK.

 

[FrankieCarbone]

This is the type of typical response I have found Willie to give. Here are a few more of his classics:

1.)You brought nothing to the table, nothing but hyperbole
2.)You're using "historic fact" silliness
3.)Your argument has no substance
4.)You're not coherent
5.)You're using "child-like" positions
6.)You are "plain wrong"

This is about as good as you can expect from an academic such as Willie. It does provide for some good comedy though to hear his new material. He'll drop a new line like the ones above then never respond back to your post.

What a typical nasty response Willie. Meanwhile I would say better than 80% of the board agrees more with a position held by myself, Woof, Tiznow, Carbone...etc.but that's fine...and what's your background again. Golf pro? Study history. Its all I freaking do.

 

[Willie99]

This is the type of typical response I have found Willie to give. Here are a few more of his classics:

1.)You brought nothing to the table, nothing but hyperbole
2.)You're using "historic fact" silliness
3.)Your argument has no substance
4.)You're not coherent
5.)You're using "child-like" positions
6.)You are "plain wrong"

This is about as good as you can expect from an academic such as Willie. It does provide for some good comedy though to hear his new material. He'll drop a new line like the ones above then never respond back to your post.

yeah, you follow the substance of these threads real well

that's all I say :missingte:missingte:missingte

when I turn negative, it's almost always a reaction to somebody else going negative first

here's one for you

:happyass:

 

[Willie99]

The dynamics of the worldwide economy are constantly changing Frankie.

China's increasing demand for oil will cause prices to rise, at least you're not blaming W for that one like so many people do.

I would expect Europe and the rest of the world to close the economic gap, it had to happen. Bad short term, good long term.

Nothing else you mentioned is new.

 

[VaultedTreehouse]

Well, Ok then.

But you better not be a "don't pass player" at the craps table.:thumbsup:

LOL!!!!!. That's something I would do, though. But I won't do it when you are there....Good man, liking craps, however.

 

[Brooklynbomber]

:money8:

 

[cussin'it]

These days a variety of sectors carry the markets day to day across the rough waters we are treading now.Its like the Patriots,someone always steps up and makes the play.You know what betting against the Pats will get you.

I dont why youre so serious,relax,we dont have to agree,its OK.

Today all the sectors were in alignment, all up. Quite interesting.

Base, I hear ya bro. Nice summary.

 

[SteamDaddy]

ope:arty:

 

[SteamDaddy]

Hope many of you are enjoying the pm ride:toast:

Looks like more good news for gold/silver

Looks like the Fed may lower rates again:missingte

http://www.bloomberg.com/apps/news?pid=20601103&sid=aPFQUKQpPtiM&refer=us
Bye, Bye USD...Oh but wait I forgot...This is good for America:nohead:

 

[FrankieCarbone]

Gold currently $836/oz.
​

:monsters-:monsters-:monsters-:monsters-:monsters-:monsters-:monsters-

When's it going to level off, or is this the end for the USD?
​

 

[SteamDaddy]

Gold currently $836/oz.​

:monsters-:monsters-:monsters-:monsters-:monsters-:monsters-:monsters-

When's it going to level off, or is this the end for the USD?​

IMO, it will fall to at least 40-55 range on USD index. We are at 76 now.

As I have said many times the people behind your private Federal Reserve have conspired to distroy America and the USD. This is all by design. Nothing happens by accident. Think Dr Greenspan didn't know what he was doing keeping prime at 1% for a few years and fallowing that with 16 consecutive rate increaseshola Its called sucking the sheeple in, creating the mother of all bubbles, and then popping that sucker.

 

[eek.]

All the gold bugs have to do now is guess at what point the big boys are going to pull the rug out from under them.


...and a new generation of sharps and sukkahs sweat their way through the next few months.

I, on the other hand will be sitting in my garden drinking warm ale.

Different decade, same old chit.