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jimbo320

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Posts posted by jimbo320


  1. I think there was one example of banks renegade on the previous contract to deliver the physical. Ie ABN amro, which was cash settled.

     

    I think the scam is that paper sellers can manipulate the price even though they don't have the physical, and if there is no obligation to even deliver it, it's a scam, and a Ponzi scheme.

     

    Currently there is an obligation to deliver the gold at comex at the end of June when the futures expire, which hasn't been broken as yet.

     

    I also suspect that the gold sellers that liquidated their ETFs are now moving into the Dow jones, another bubble.

     

    Why does it take the US 7 years to deliver the gold back to Germany, because they don't have it, and the want it buy it over the bear market at a bargain price.

     

    I also suggest you use another name, Lets say Fred, as its nothing to do with me ... PLEASE!


  2. Bob, I agree it is a scam to prop up the dollar and the equity market, which appears to be working.

    I wouldn't use paper gold, I'd use these guys. http://Www.bullionvault.com

    Perhaps gold is in a bubble to and we are reverting to value, and we've seen the top, but while I've got $ ill keep adding when we start to turn up again, personally I think gold has a place in everyone's portfolio. All bubbles pop, what'll be next, now gold has popped?

    I guess I'll find out when I retire in n years whether I made a good choice?


  3. If the pms_fiat.jpg (1st attachment below) means nothing to you, then the pms_fiat.jpg below means nothing to you :roll eyes:

     

     

     

    The Chinese have figured out what to do with all their depreciating dollars (see 2nd attachment below)

     

     

     

    ...

     

     

     

    Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam? - BlackListedNews.com

     

    Im am largely getting around this by simply exchanging gold for silver at this point but the other day I also bought some bags of junk silver with USD and paid a cognitive dissonance level of premium story maker was mumbling all the way home are you fkn crazy?

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    We now return you to your regularly scheduled Vliinberg newsfeeds and the trend is updn posting

     

     

    :spam:

    Lower the Day Trading Margins for Your Account

     

    Haha, I like that currency wars, are we winning. Funny.


  4. Commodities experts (pundits) are of the opinion of the end of the gold bull market. They are expecting gold to go down in future.

     

    Whose the expert? Goldman Sachs? :D

    Gold can only go up, once money velocity increases, and inflation hits.

    Let the bankers create another credit bubble, gold is still a long term buy IMO. It often has multi year consolidations. If you don't trust the money printers and the governments gold is where to be.


  5. If all the world's central banks continue with their policy to inflate away debt and devalue currency (under the guise of stimulus), ALL tangible assets will ultimately go up in value. True, if there's some dodgy goings on in gold and silver etc. then there could be a crisis in supply and prices could rocket. But then ultimately there are bubbles like anything. There is a limited supply, but look what happened in Oil. $150 down to something like $35 (can't remember exactly but you get the picture I'm sure). My feeling is that gold could potentially be worth much much more but then I want to see the stock indices start to march their way to much higher levels too. The S&P 500 needs to start making new all-time highs and keep going. At this point, it's likely that gold will also move considerably higher. But for now, it could be that the market is quite long already all things considered.

     

    Agreed. Inflation due to printing will affect all asset classes.

    Oil is not the same as gold tho. That is manipulated at least as much as fiat currency. You only have to look at the Saudis and the OPEC cartel.

    Gold can be manipulated short term by futures markets and liquidation to raise capital. But can't be manipulated long term, as there is limited supply and is getting more and more expensive to produce.


  6. Be careful with the "Gold will always go up" idea, Jimbo.

     

    When I hear that, I think of selling.

     

    Interesting times.

     

    Indeed. We've seen it so many times now.

    Crisis? What Crisis? If my banks debts are 5 bill, so what, central bank buys them with printed $. It's the only way out of the mess. It will continue till the debts are clear.

     

    Until the debts are cleared, inflation rules and gold goes up.


  7.  

    Trading. Investing. You can get doing either one, or both... if you know how. Now that's the real secret. Not the asset class or type of business, but how well it is executed, will ultimately determine what makes great money, and what doesn;t.

     

    FTX

     

    Isn't the point that investing is investing ones alternate income stream.

    Trading is trading using ones capital to make a living.

    Any idiot can make a good return investing.. buy dips ... it works for me on all asset classes.


  8. Hi Jimbo

    BBC.........born before computers.

    Just take a market, mark the full moon and the new moon , and draw some threndlines

    Rules apply.

    regards

    bobc

    Yikes, sounds labour intensive to me. Does anyone do a package to do lunar/solar stuff? I always found it quite interesting. It could be coincidence though. Be good too see it going back 10 years or so.

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