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Wake up Goldbugs, Gold Skyrocketed overnight; Who would have thought...
Topic Started: 20 Jun 2014, 06:49 AM (21,998 Views)
goldbug
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It's really quite pathetic what they attribute gold's fluctuations to. A war in the middle east, fair enough, I can see how that would divert funds, but a plane crash? A few missiles fired in the Ukraine. It's why the mass media is not worth reading. There is no depth to their stories no analysis, no investigation, and more often is the case, just plain misdirection.

The media is controlled by corporate interests and the last thing they want is to see goldbug empowered with the truth. Truth, or put in another way, inside knowledge leads to power, and of course wealth. To have been forewarned of big events beforehand allows you to take the right side of the trade. Often this is called criminal activity if the people working for a company discover a truth and act on it. But if the owners of a large company plan a takeover and buy big blocks of stock beforehand then it is just business as usual.

Gold though just coasts along mostly outside of the machinations of corporate greed. It's physical market is too decentralized to control and the paper market can only control it within certain bounds as we have seen. It simply cannot go back to $700 or $600 because the physical demand prevents it.

It definitely seems to be finding a base around $1400, adjusting back from the "peter" dips that occur regularly. It's behavior is a bit like Perth property, just on a shorter timespan.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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peter fraser
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goldbug
18 Jul 2014, 08:36 AM
It's really quite pathetic what they attribute gold's fluctuations to. A war in the middle east, fair enough, I can see how that would divert funds, but a plane crash? A few missiles fired in the Ukraine. It's why the mass media is not worth reading. There is no depth to their stories no analysis, no investigation, and more often is the case, just plain misdirection.

The media is controlled by corporate interests and the last thing they want is to see goldbug empowered with the truth. Truth, or put in another way, inside knowledge leads to power, and of course wealth. To have been forewarned of big events beforehand allows you to take the right side of the trade. Often this is called criminal activity if the people working for a company discover a truth and act on it. But if the owners of a large company plan a takeover and buy big blocks of stock beforehand then it is just business as usual.

Gold though just coasts along mostly outside of the machinations of corporate greed. It's physical market is too decentralized to control and the paper market can only control it within certain bounds as we have seen. It simply cannot go back to $700 or $600 because the physical demand prevents it.

It definitely seems to be finding a base around $1400, adjusting back from the "peter" dips that occur regularly. It's behavior is a bit like Perth property, just on a shorter timespan.
Sorry but we both know that the price spiked due to a civilian plane being shot down and the fear that this could escalate the war in the Ukraine.

Lets not pussy around with the truth. The only fundamental that gold has is fear and ignorance. Without that it has a low value, probably around $500 per ounce.

Any expressed market opinion is my own and is not to be taken as financial advice
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Frank Castle
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Business As Usual

peter fraser
18 Jul 2014, 08:48 AM
The only fundamental that gold has is fear and ignorance.
Fear and ignorance - thats goldbug to a tee :lol
Buys useless yellow turds with ZERO yield and the dullard calls that an investment :lol
Forever the loser.
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MMM
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peter fraser
18 Jul 2014, 08:48 AM
Sorry but we both know that the price spiked due to a civilian plane being shot down and the fear that this could escalate the war in the Ukraine.

Lets not pussy around with the truth. The only fundamental that gold has is fear and ignorance. Without that it has a low value, probably around $500 per ounce.

I was going to address goodys post then saw peters post too so will kill two birds with one stome

Firstly goldy ,,tere is no floor at $1400 Aussie dollars. And you do ever want to look for a floor , it ALWAYS need to be looked at in us dollars.

Is there a floor ?

Where is the floor ?

Last time the stock market collapsed , gold took a big hit intitially, before funds starting flowing into it.

Will gold surge up a fair way before the next stock market collapse, don't knowbut. It will probably take another hit initially before funds be start flowing there again.

But if you want to speak of a floor, I would think say there appears to be a reasonable floor at $1200 us dollars. But where prices are now, if there was another stock market collapse it will drop below this initially but start moving hard and fast not too long after. Another collapse could have people flocking back in earlier than last time or even less reluctant to intially dump there gold like last time.

Now for your floor, some gold miners running costs can go close too $1200 an ounce if things are not goingso well. A constant pprice sustaining around $1200 would put some out of business. Some it costs $1100, some $1000, some $800 an ounce to mine. When too many gold miners go out of buisiness, it restricts supply and that is where the floor is as demand exceeds supply.

One gold stock I'm holding right now was mining gold at $400 an ounce not long ago. If priced were to drop to $800, many would be out of business, not the stock I am holding.

I would say while there appears to be a floor at $1200 US dollars , a stock market crash would take it to perhaps $1000 an ounce before funds started flowing back in. So I would be mor inclined to say there is a floor at $1000 US an ounce, and this is because of mining costs combined with demand, where a lower price would restrict supply.


Now Peter. There was only a spike of around 1%, we saw it drop 2% or more when you posted about it only a couple of days ago . So if we had of got up this morning and seen this rise, we would not have thought much of its, but its more than possible the crash helped it move up. The way to tell that, it to see what time the plane crash was and what time the price spiked, for which I have not looked. But that will answer that particular question. I should add here Goldy that things like this have a tendency to push prices up because of conflict in this area and what could result because of this, so you need to be realistic also.

And back to Peter and your uneducated comments regarding gold and not only its funademantals and your ignorance comment. If that's your explanation then you don't have any idea of the fundamentals of gold.

It was the moving away from the gold standard that has caused all this economic uncertainty as it allowed mindless people to go on this mindless artificial debt spree you love spriuking.

If the gold standard was still in place, the fundamentals would still be sound. It made things safe and secure as your paper money was backed by something that was safe and secure. Backed by a rare commodity from which all currencies around the world where backed.

The forefathers of early societies, may clear rules and regulations that coins were to only ever be made in gold and silver and that paper money only ever be backed by gold or silver.
These rules were there for a very very good reason. And the reason was that they knew if they were to move away from this standard, we would end up in the very situation we are today.

When paper money was backed by gold as it used to be. There was never ever any chance of a rush on the banks because EVERYBODY KNEW that there money was backed by something real, somethimg rare and valuable. Now it is backed by nothing at all, nothing but debt in fact. It says so on the US currency. In the early twenties both there and here is said on our currency, words to the effect of, ' this currency is redeemable for gold coins at any time by the government. It was safe, it was backed directly by something rare and valuable, not something the government promise to keep rare and value yet back it with nothing at all now. Sorry I'm getting bored. Peter , you have no idea at all when it comes to the fundamentals of gold.

The FACT is, the moving off the gold standard and allowing idiots to go on a mindless money printing debt spree, the exact thing you spriuk constantly, is the very reason we are so screwed now and the very reason the forefathers forbid the moving away from this standard. The knew it would destroy the fundamentals and made thinhs unsafe and unsecure. A standard of currency world wide for over 6,000 years, was just wiped out by a bunch of clowns wishing to live way behind theirs means without thinking of those that will pay dearly for it further down the line. The perpetrators starting doing this after the great depression so are long gone and would be here to see what they started. They knew by the the it ended, they would be long gone but lived the life of luxury in the meantime. Like passing an extremely over leveraged multimillion dollar property to your children when you die for their inheritance.
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MMM
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Frank Castle
18 Jul 2014, 09:30 AM
Fear and ignorance - thats goldbug to a tee :lol
Buys useless yellow turds with ZERO yield and the dullard calls that an investment :lol
Forever the loser.
Ignorance alright frank.

Since you bought those IPS at depot hill they have been going backwards in price ever since , ten years or so now. Theres a fact for you. Here's another one, I'm that time , gold is up around 500-600% percent and has been a lot higher at times. Talk about ignorance.

You domt have any exposure at all to gold.

I explained it years ago and the once in a lifetime oppotunaty people will have in gold stocks.

Some aussie gold stocks are up 500% im the last six months.

Gold may get hammered in a bit in the stock market collapse but will surge up not long after. I think some gold stocks have already hit a bottom , others have not.

Go and have a look at the prices of many aussie golds stocks and just how cheap they are over the last five years compared to gold prices.

For some that pay attention, there are once in a lifetime oppotuanties here and around this period of time.

In a the like this everybody should have some exposure to gold. If not the metal directly, then in the form of stocks. For example, at the moment I am currently holding around nine stocks, four of them gold.

You clowns really are missing out, go and have a look for yourselves.
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Frank Castle
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Business As Usual

^^^ It is fun making these serial liars look even more idiotic - not that they really need any help - but it is fun none the less.

Data from "On The House" logging every FULL sale (Not partial or transfer) on houses over $100k in the last 12 mths
That will have weeded out the 2 or 3 low sets that have since been demolished and sold for badly flooded land value only.

REAL Data - not their made up shit.

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Edited by Frank Castle, 18 Jul 2014, 12:21 PM.
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Sydneyite
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MMM
18 Jul 2014, 09:52 AM
Firstly goldy ,,tere is no floor at $1400 Aussie dollars. And you do ever want to look for a floor , it ALWAYS need to be looked at in us dollars.
Blown me over with a feather!!! You actually wrote something sensible, and that I agree with! :oo: I was going to make the same point.

It is pointless looking at Gold price action / technicals in $AU - you need to analyse the $US proce action (as that's the market), and if you want to also take a view priced in $AU seperately take a view on what you think the AUD/USD exchange rate might do. The highly liquid Gold futures market doesn't give a crap what the value of AUDvs USD is - so this has zero impact on Gold price action. Any "apparent" floor price etc in $AU is merely a co-incidence of factors, that could breakdown at any point.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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goldbug
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Sorry but we both know that the price spiked due to a civilian plane being shot down and the fear that this could escalate the war in the Ukraine.

Lets not pussy around with the truth. The only fundamental that gold has is fear and ignorance. Without that it has a low value, probably around $500 per ounce.

[/quote]LOL spoken like a true debt seller. The whole of the BRICs block has been loading up on gold, thousands of tons for years now and it hardly effected the price. But a plane is shot down and suddeny thousands of wealthy players rush out and buy paper gold contracts. You need to make your disinformation a little more believable peter.

Banks hate gold, it's the only true threat to their credit bubble game where they print as much money as they like. Being a debt seller I can see why you hold the same belief. Without people borrowing their future away you are out of a job. Period.

So lets not pussy around with the truth. Gold backed monitary systems were employed by governments for thousands of years and while they were adheared to the economies prospered. It's only when nations go off them and begin printing paper backed by nothing that the boom and bust process begins. And in the end it always collapses, and they invariably go back to gold. Gold, the once and future money.

Find another job peter, because you're running out of time.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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peter fraser
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goldbug
18 Jul 2014, 09:55 PM
LOL spoken like a true debt seller. The whole of the BRICs block has been loading up on gold, thousands of tons for years now and it hardly effected the price. But a plane is shot down and suddeny thousands of wealthy players rush out and buy paper gold contracts. You need to make your disinformation a little more believable peter.

Banks hate gold, it's the only true threat to their credit bubble game where they print as much money as they like. Being a debt seller I can see why you hold the same belief. Without people borrowing their future away you are out of a job. Period.

So lets not pussy around with the truth. Gold backed monitary systems were employed by governments for thousands of years and while they were adheared to the economies prospered. It's only when nations go off them and begin printing paper backed by nothing that the boom and bust process begins. And in the end it always collapses, and they invariably go back to gold. Gold, the once and future money.

Find another job peter, because you're running out of time.
I don't hate gold and nor do banks hate gold, why would they.

Gold is moving back to it's pre-air disaster price.
Any expressed market opinion is my own and is not to be taken as financial advice
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Count du Monet
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peter fraser
18 Jul 2014, 10:06 PM
I don't hate gold and nor do banks hate gold, why would they.

Gold is moving back to it's pre-air disaster price.
Certain central banks do! On the international market the FED and the ECB can print dollars at almost no cost and sell them as if they were gold. And all central banks print money and sell them to their respective domestic markets as if they were gold.

This is a lucrative business.

The commercial banks borrow enormous sums via transaction accounts for which they pay no interest and then pay the depositor back in future future devalued money. Essentially they pay back less than they borrowed in real terms. A very lucrative business!

A gold standard would bring all this crashing down. They fear gold for sure!

Silver is a very attractive buy. If the central banks force up the price of gold as they have done on previous similar occasions we could see silver hit $200 momentarily. I'd target $120 to sell however because silver bulls are very short lived!
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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