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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
Topic Started: 3 Apr 2013, 10:29 AM (37,649 Views)
mel
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goldbug
17 Oct 2013, 11:00 PM
Hey mel, have you figured out yet why the world's reserve banks have been filling their vaults with gold over the last few years?
yes i told you the last time you asked me
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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goldbug
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Shadow
17 Oct 2013, 10:57 PM
Sydney is booming right now. Even the Macrobusiness bears acknowledge it.
Some elevated levels of home sales and a 15% rise in prices over a year or so and you claim it's a boom. A boom has many elements shadow and one of them is always JOBS. The mining boom generated jobs, the last property boom generated jobs. Where are the jobs shadow? Where are all the new suburbs being built? There are none. And don't point to a couple of residential multi-stories, that's nothing now in the face of what syd needs to catch up with a decade of losses against the rest of Australia.

As for gold, did you hear me say Boom? No. You are getting desperate now shadow. I simply said gold was on the move up. Which if you look at the charts tonight is true.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Pig Iron
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Bogan scum

MMM
17 Oct 2013, 10:57 PM
Since early 2012, prices in your area, clontarf in particular went down over 20% last year, but you simply ignore the facts that dont suit you.

I wont define the question, you know what I mean, so can you answer it, or just play the mindless fool becuase you cannot think for yourself, rely on graphs and bs from others, so can you answer the simple question or not, did'nt think so, just play the mindless ignoranus as usual.
getting a little testy are we?

i guess even one as thick as you gets there in the end
goldbug
17 Oct 2013, 10:52 PM
Ha. Idiot. 15%, in what, 10 years.
Your syd boom predictions are so far behind schedule and yet you dare point the finger at someone else. Well gold is on the upward move again shadow so you know what that means. It means it's time for you to crawl back into your hole, as you usually do :lol
gold is down 24% this year. all the smart money got out a long time ago, leaving well, you.
Edited by Pig Iron, 17 Oct 2013, 11:12 PM.
I am the love child of Tony Abbott and Pauline Hanson
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Shadow
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Evil Mouzealot Specufestor

goldbug
17 Oct 2013, 11:08 PM
Some elevated levels of home sales and a 15% rise in prices over a year or so and you claim it's a boom. A boom has many elements shadow and one of them is always JOBS. The mining boom generated jobs, the last property boom generated jobs. Where are the jobs shadow? Where are all the new suburbs being built? There are none. And don't point to a couple of residential multi-stories, that's nothing now in the face of what syd needs to catch up with a decade of losses against the rest of Australia.

As for gold, did you hear me say Boom? No. You are getting desperate now shadow. I simply said gold was on the move up. Which if you look at the charts tonight is true.
LOL, you're a funny guy....

Sydney house prices jump 15% in just over a year, auction clearance rates are consistently over 80%, and NSW has almost the lowest unemployment rate in the country, yet you refuse to acknowledge it's a boom.

Gold drops by 30%, yet you refuse to acknowledge it's a crash.

And you call me desperate! :lol
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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goldbug
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mel
17 Oct 2013, 11:07 PM
goldbug
17 Oct 2013, 11:00 PM
Hey mel, have you figured out yet why the world's reserve banks have been filling their vaults with gold over the last few years?
yes i told you the last time you asked me
You sound like my wife mel, always answering a question without answering it. It must be a woman thing. Fact is posts here move off the board so fast and there are so many I never read your reply. But don't bother re-iterating it, your nswer is not the important, to either of us.
Shadow
17 Oct 2013, 11:13 PM
Sydney house prices jump 15% in just over a year, auction clearance rates are consistently over 80%, and NSW has almost the lowest unemployment rate in the country, yet you refuse to acknowledge it's a boom.

Gold drops by 30%, yet you refuse to acknowledge it's a crash.

And you call me desperate! :lol
30% is a correction shadow. Shall I pull up the chart from 1976 and show you?
As for clearance rates of 80%, that's just people offloading their overpriced syd properties after a decade of pain.

Like I said, where are the new estates shadow, where are the cranes all over sydney's skyline? They only exist in shadow's imagination :lol

You called a boom and it never came so your ego is grasping at straws. Pretty pathetic shadow.
Edited by goldbug, 17 Oct 2013, 11:21 PM.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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MMM
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Shadow
17 Oct 2013, 11:04 PM
MMM
17 Oct 2013, 10:57 PM
Since early 2012, prices in your area, clontarf in particular went down over 20% last year
Clontarf? LOL, Clontarf is nearly an hours drive away from me, 90 minutes in rush hour.
You might be interested in this Ted... Buyers rush to the beaches: Palm Beach median house price jumps 152% in six months

Property in Sydney's beach suburbs is hot, with prices rising from Cronulla all the way up to Palm Beach.

"We're working towards a boom,’’ Ray White Maroubra/South Coogee director Phillip Elmowy said. ‘‘It’s heading that way, but there’ve been times before where it looks like it’s going to happen, then interest rates have changed.’’

Australian Property Monitors says total listings in all beach suburbs are down this September compared with last, but only because property is selling quickly.

"We've got higher auction numbers but we are seeing lower listing numbers overall, because private sales are actually happening and they weren't a year ago."

The only suburb not to have had a jump in the median house price in the past year is Coogee.
Funny thing that article, I was actually thinking today what good value coogee is, its like evrybody has deemed it too expensive and has not even looked at it, was even tempted at buying something.

I am off to bed now, I expect that you might be able to answer our simple question by tomorrow, come on mate, think for yourself for once, just for once eh.
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Pig Iron
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Bogan scum

goldbug
17 Oct 2013, 11:00 PM
Hey mel, have you figured out yet why the world's reserve banks have been filling their vaults with gold over the last few years?
banks buying gold is a sure sign it will continue to fall. gold has fallen in value for 3 years now.
hell even bullion baron understands this and he is a goldbug.

just how clueless are you frank-cockrider?
I am the love child of Tony Abbott and Pauline Hanson
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mel
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goldbug
17 Oct 2013, 11:14 PM
You sound like my wife mel, always answering a question without answering it. It must be a woman thing. Fact is posts here move off the board so fast and there are so many I never read your reply. But don't bother re-iterating it, your nswer is not the important, to either of us.

30% is a correction shadow. Shall I pull up the chart from 1976 and show you?
As for clearance rates of 80%, that's just people offloading their overpriced syd properties after a decade of pain.

Like I said, where are the new estates shadow, where are the cranes all over sydney's skyline? They only exist in shadow's imagination :lol

You called a boom and it never came so your ego is grasping at straws. Pretty pathetic shadow.
were you born this stupid or has it taken years of practice and hard work? All this time here and you still haven't worked out how to follow up on your own posts.

EDIT: Ted once said something very similar. Funny about that.
Edited by mel, 17 Oct 2013, 11:27 PM.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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goldbug
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mel
17 Oct 2013, 11:24 PM
were you born this stupid or has it taken years of practice and hard work? All this time here and you still haven't worked out how to follow up on your own posts.
Yep. Sounding more and more like my wife all the time.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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mel
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goldbug
17 Oct 2013, 11:27 PM
Yep. Sounding more and more like my wife all the time.
what the fuck is your signature about? :lol

how did Shadow get the gold market wrong?
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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