Gold price dives through support to new low. Gold Bubble continues to deflate.; Gold price to drop another 15% this year say strategists at Societe Generale
Tweet Topic Started: 3 Apr 2013, 10:29 AM (37,659 Views)
I guess I got pretty close to the mark for you go all timid on us timmy. Never mind, you will have good company. Half of this nation will be in poverty soon.
you are as far off the mark as anyone has ever been. i can not fathom how the fuck you arrived at me having an io loan, but maybe this kind of logic gap is why you keep insisting we are still in a gold bull when gold has been plummeting for 2 years.
I am the love child of Tony Abbott and Pauline Hanson
i can not fathom how the fuck you arrived at me having an io loan
Well someone else pointed it out in the earlier post and you didn't deny it. You are not denying it now either, which equates to it being the truth, which anyone with a basic knowledge of psychology understands. People who are doing well financially don't go around barking at everyone pigiron, they are too busy spending money and having fun.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
Frank frank frank. First you put your foot in your mouth several times about the property market up in Brisbane and now you are making yourself look like a fool by assuming you know anything at all about the gold market. When will you learn frank? Never probably.
The current spot gold price is $1361.5 per oz
Gold now rose above its 100-day moving average at $1,350,
You really are just a country bumkin
You are sounding increasingly shrill and desperate FrankRider.
Gold is still down 25% since you first came on here telling us to load up on gold.
People who are doing well financially don't go around barking at everyone Goldbug/Frankrider, they are too busy spending money and having fun.
Face it... gold has crashed and house prices are booming. Your incessant barking won't change this fact.
You are sounding increasingly shrill and desperate FrankRider.
Gold is still down 25% since you first came on here telling us to load up on gold.
shrill? Hardly Shadow, but you are becoming increasingly, SHILL, on all those threads where you are touting a constuction boom in sydney and a soon to be (always in the future) boom in prices too. The sydney booms resemble the fed tapers, all talk and no action. But keep talking the market up, your predictions may well come true if not even in your lifetime.
Is gold down 25% from it's last high you say? I guess that's against the US price, a price that does not effect me btw. Your dramatics just make you appear dishonest shadow.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
shrill? Hardly Shadow, but you are becoming increasingly, SHILL, on all those threads where you are touting a constuction boom in sydney and a soon to be (always in the future) boom in prices too. The sydney booms resemble the fed tapers, all talk and no action. But keep talking the market up, your predictions may well come true if not even in your lifetime.
Is gold down 25% from it's last high you say? I guess that's against the US price, a price that does not effect me btw. Your dramatics just make you appear dishonest shadow.
Gold is down almost 25% in nominal AUD terms, and about 30% down in real terms.
Sydney house prices are up 12% since the gold bubble popped (and forecast to rise another 15-20% in 2014).
People who are doing well financially don't go around barking at everyone Goldbug/Frankrider, they are too busy spending money and having fun.
The impression that APF give me is that people who are "doing well financially" spend massive amounts of their personal time on internet forums. They seem to prefer endless debates about property to "spending their money and having fun". Here I am thinking particularly of Mike, BP, a few others.
Although in fairness, they could be drinking expensive champagne while they post on here. Or they could be in their parents basement - no way to know.
Australian goldminers may be cheering the US Federal Reserve's decision not to begin tapering, but the party is likely to be short lived.
Local gold stocks surged as much as 9 per cent on Thursday after the Fed stunned investors by holding firm to its huge bond-buying program.
Spot gold surged 4.1 per cent to $US1363.77 an ounce on the news, it's biggest one-day gain since January last year.
In the short term, gold has won a reprieve, but traders are taking a downbeat view on the long-term outlook.
The question of tapering is not if, but when. Eventually, once the Fed pulls back its bond purchasing, goldminers are likely to come under pressure.
During the Fed's various quantitative easing programs, investors have turned to gold as a haven, but now volatility has return to the precious metal market.
''There's nothing fundamental in gold, you can't really trade gold or gold stocks on fundamentals, gold itself is just store of value,'' said RBS Morgans senior trader Luke McElwaine. 'The reality is a lot of these producers have very high costs of production. It gets to the point where some of them will struggle to be profitable given a lower than expected gold price.''
Spot gold has fallen 18.7 per cent this year, which has been matched by a torrid run for goldminers.
shrill? Hardly Shadow, but you are becoming increasingly, SHILL, on all those threads where you are touting a constuction boom in sydney and a soon to be (always in the future) boom in prices too. The sydney booms resemble the fed tapers, all talk and no action. But keep talking the market up, your predictions may well come true if not even in your lifetime.
Is gold down 25% from it's last high you say? I guess that's against the US price, a price that does not effect me btw. Your dramatics just make you appear dishonest shadow.
Gold is down almost 25% in nominal AUD terms, and about 30% down in real terms.
Sydney house prices are up 12% since the gold bubble popped (and forecast to rise another 15-20% in 2014).
Well about.tme sydney showed a little growth, it has been lagging for more years than hairs on a jade gate. Let all gods concentrate and push it some higher so I can sell my house and move the family to a better place. Eeeee but sydney is a lice ridden dog now and no cash to be made anywhere.
The main differences from the 1920s depression Peter are that this time they owe a shitload more than they did then and that they were not printing 85 billion per month to try and stop it from collapsing . the other main difference is the US thrived after the 1920s deppression through motor cars and electrical goods and plenty of other goods which were then sent all around the world and were not produced in other countries back then. So a bigger concern is what on earth will EVER pull them out of this recession even after it completely collapses ,which is now the ONLY possible outcome.
It is no surprise to me that the debt bulls never comment on the true fundamentals of gold/silver, the fact that all the world's central banks, especially the BRIC's, have been purchasing gold hand over fist in a mad scramble to own money outside the $US paper system, and the people of the planet are doing likewise. They can't seem to see outside of the patented "market view" of the world, to the fact that price action on a short horizon actually has little to do with what an item may be worth in the long term.
This is nowhere more obvious than in the values assigned to home types. There is a natural price for houses, a price, that when averaged out over time and busts and booms shows you what they are worth. But within this group called houses not all dogs are the same breed. We have Brick houses, timber houses, and fibro houses. We also now have hardyboard rendered houses, made very cheaply with pine frames and roof trusses and particle board floors and built-ins.
You would think it obvious that, suburb for suburb, the quality solid brick houses would be worth a lot more. Aside from their longevity, low maintenance, thermal properties and noise absorption characteristics, to build a double clay brick 2 story, with ceramic tiled roof and hardwood upper floor etc, would cost an absolute fortune today. But prices do not reflect this, and it is because,
1/ The average young homebuyer is not wise enough, does not understand the difference. 2/ Propaganda from the housing industry never mentions this difference, avoids it in fact so as to not made certain houses unpopular, and to not draw attention to the hundreds of thousands of new dogboxes built that in all likelyhood not last 2 generations before the pine frames pop apart.
These fundamentals are just as important as location etc yet I doubt 1 in 10,000 buyers even consider them. They have a limited view of housing investment and see things tomorrow or in 30 years time through the microscope of today's industry and media propaganda. If confronted they will dismiss the quality home fundamental by saying that it is the land that appreciates, and houses can be demolished and replaced with better ones in the future. But the simple fact is we don't build better houses now, and we certainly wont be in the future unless fusion power gives us free energy.
This market "price action" mentality is what hinders them from undertanding the value of gold just as much as their media induced discust for it as a barbarous relic of the past. They are also hindered buying it by the banking propaganda of decades that has convinced them that it is not safe to have large amounts of cash on them. Use a keycard, or a CC, don't use cash, cash can be stolen. Well yes it can be stolen if you're silly enough to allow it to be stolen, and this is where the whole don't trust yourself idiom feeds on itself by creating a generation of cowards who don't trust themselves with a $1000 cash on hand. If they do withraw it, for a holiday or such, they have no experience on handling it and are just as likely to leave it in a coat pocket in the wardrobe and carry it in their back pocket when on the street.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
It is no surprise to me that the debt bulls never comment on the true fundamentals of gold/silver, the fact that all the world's central banks, especially the BRIC's, have been purchasing gold hand over fist in a mad scramble to own money outside the $US paper system, and the people of the planet are doing likewise. They can't seem to see outside of the patented "market view" of the world, to the fact that price action on a short horizon actually has little to do with what an item may be worth in the long term.
This is nowhere more obvious than in the values assigned to home types. There is a natural price for houses, a price, that when averaged out over time and busts and booms shows you what they are worth. But within this group called houses not all dogs are the same breed. We have Brick houses, timber houses, and fibro houses. We also now have hardyboard rendered houses, made very cheaply with pine frames and roof trusses and particle board floors and built-ins.
You would think it obvious that, suburb for suburb, the quality solid brick houses would be worth a lot more. Aside from their longevity, low maintenance, thermal properties and noise absorption characteristics, to build a double clay brick 2 story, with ceramic tiled roof and hardwood upper floor etc, would cost an absolute fortune today. But prices do not reflect this, and it is because,
1/ The average young homebuyer is not wise enough, does not understand the difference. 2/ Propaganda from the housing industry never mentions this difference, avoids it in fact so as to not made certain houses unpopular, and to not draw attention to the hundreds of thousands of new dogboxes built that in all likelyhood not last 2 generations before the pine frames pop apart.
These fundamentals are just as important as location etc yet I doubt 1 in 10,000 buyers even consider them. They have a limited view of housing investment and see things tomorrow or in 30 years time through the microscope of today's industry and media propaganda. If confronted they will dismiss the quality home fundamental by saying that it is the land that appreciates, and houses can be demolished and replaced with better ones in the future. But the simple fact is we don't build better houses now, and we certainly wont be in the future unless fusion power gives us free energy.
This market "price action" mentality is what hinders them from undertanding the value of gold just as much as their media induced discust for it as a barbarous relic of the past. They are also hindered buying it by the banking propaganda of decades that has convinced them that it is not safe to have large amounts of cash on them. Use a keycard, or a CC, don't use cash, cash can be stolen. Well yes it can be stolen if you're silly enough to allow it to be stolen, and this is where the whole don't trust yourself idiom feeds on itself by creating a generation of cowards who don't trust themselves with a $1000 cash on hand. If they do withraw it, for a holiday or such, they have no experience on handling it and are just as likely to leave it in a coat pocket in the wardrobe and carry it in their back pocket when on the street.
so if you are such a genius why didnt you sell at 1800/oz??? 1325/oz now, i'd say you missed the boat..
I am the love child of Tony Abbott and Pauline Hanson
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