Góld PLUNGES!!!! "I" TOLD YA SO!!!!!!

[Aman A.K.A. Ahamburger]

is Obama not moving to the right-centra.. more like Nixon then FDR??? WAR, Military and alike???

Too a degree but he needs to drop the TAXING ideas and get WAYY more pro growth.. Open up the avenue to let these rich people that want their taxes raised to put money DIRECTLY in the usa economy.

Think about all the $1 buildings in Detroit, think about the open land the homeless people that could be put up in fixes up old buildings and taught to garden and given a real neighborhood. It;s been done by the government, but if we can make it and more of an investment structrue as well, the people that "donate" will help grow it too.


IDK about more oil sands Bruce, but you guys will let us take ours for quite a while first.... Just think, by the time they start there. CO2 capture is up fully and cost effective producing bio fuels, while the tar is being heated out of the ground or some other crazy environmentally friendly hybrid fracking is going on. #flag#

[usaone]

Gold and Silver didnt like that unemployment report this morning.

[Aman A.K.A. Ahamburger]

No, it's stuck right at the point that rovo was talking about. It really looks like it is about to go somewhere anyway...

[Aman A.K.A. Ahamburger]

Someone had something to pass on..

Mar 13, 2012 22:20:38 GMT -5 @theimpaler said:

Some people refer to the last ten years in regards to commodities as the "Super-Cycle"

When you see a mass collective movement of money be afraid....you have heard of the herd mentality?...and there’s a reason for everything.


Cycles are never super...but they are cycles...and knowing where you are in a particular cycle is particularly important if your choice is to be the diner and not the dinner.

All major commodity prices hit the basement around 1998-1999 just when the markets (think dot-com) were at their zenith. Is it no wonder that in the last 10 years while equity markets were at their depths that commodity prices went to all time highs?...do you think that this is a fucking coincidence?

So add the “Malthusian” fear that the world is exhausting its supply of raw materials… think peak oil”

China has increased its oil consumption 40% in the last ten years…and copper 123%.

Hedge funds are borrowing again in order to anticipating and realizing higher prices.

Chinas latest trade deficit numbers are a clear indication of weakness in developed economies including Europe.

Beijing just cut its GDP growth target.

Infrastructure investment is down 25%

Their housing bubble is already beginning to burst.

Case in point China used 71 million metric tons of steel for every percentage point of GDP!!!

That’s the equivalent of 1400 Empire State Buildings…per point!!!

Chinas per capita copper consumption is above the level for the Free Trade Agreement countries

The United States has had abnormally low interest rates for the last few years and that will change in 2014. As equity markets rise…as interest rates rise…you are seeing the beginning of the end of this tug of war.

Commodity futures look forward to the supply and the demand dynamics and their financing costs of tomorrow.

So my friends long before you see the full implications of changing policies…in Beijing or Washington…commodity prices will have already turned down in anticipation.

[usaone]

Gold and Silver took another this morning. A lot of people scratching thier heads.

[Aman A.K.A. Ahamburger]

It's under the cross now.. How much longer can these bugs hold onto the USA falling apart?

[Aman A.K.A. Ahamburger]

I have something to pass on...

Apr 23, 2012 20:35:33 GMT -5 @theimpaler said:

In the 12th!!!!!!!year of an exciting gold rally ...one wonders when things will finally back off...with gold down a cool 7%....all the while calls for $2000...$3000...$4000...and of course $5000...have all but decayed or very much quieted down.#tongue_smile#

"I" HUCKING TOLD YA SO!!!!

Many are wondering with the US ascending once again....are there better returns to be had?...of course there are!

Put the last year with the market up 116% against the last year of gold...and you can see why many here are not gold bugs...but investors

Since last February hedge funds, pensions and MANY money managers "I" know have slashed their holdings by 39%...and at the same time increased their bets that prices will fall by 87%...that a lot of percent!!!

Since gold prices have doubled since 2008 (think financial crisis)...it is a very safe assumption that prices at the very least can go back to that level price

Just think like..."ANY GOOD NEWS...IS BAD NEWS FOR GOLD"

While 2011 was an all time high for gold production...many buyers have topped out on purchases and will not purchase as much as in the past....and India who purchases a cool 25% of the worlds production....face many new hurdles...including the new government measures to "curtail imports"...Chinese gold sales/purchases also slow...and it is improbable that they will increase volume....short term down side risks are significant

[Aman A.K.A. Ahamburger]

Something to pass on...

May 9, 2012 21:06:05 GMT -5 @theimpaler said:

As an aside Silver can Bite

Silver dulls over time and that's what's happening now with the chances of a comeback....tarnished! (like that one???..."I" got a bazillion of 'em)

Silver has been in a depression all year...4/29/11 silver hit its high of $48.599 a troy oz...then made a nice move 27%.....LOWER ....and once the CME raised the margin to tame volatility....it was a dead horse at the line

With silver at $31...don't think you'll get a comeback too soon...no silver has broken hearts in the past...and it will again

With prices up 33% in Feb of this year and then slide again 16%...things can only get worse....you say Frank The Impaler how do you state this so unequivocally?...easily....

Measure the number of silver contracts in play...around 120,000....compared to silvers rally at 140,000 last April...then 160,000 in 2010...

The amount of supply at the CME warehouse ...this "supply" is reaching a 10 year high at 140.6 million troy oz's...

Sales of silver bullion by the US mint are 29.7% below the 299,500 sold in 2011

Prices should hit $28...before they rally up to about $40 bucks....and then....as prices remain til 2012 it should flash a warning signal to those who know of silvers worrisome volatility.....Royal Bank of Scotland has silver touching $34 in third quarter before trending considerably lower

[Aman A.K.A. Ahamburger]

Again, it's really not looking good...

Taking stock of bullion: Rogers says monster correction for gold possible
Commodities expert sees India and Europe as the catalysts for possible 50% drop in price of metal
www.investmentnews.com/article/20120515/BLOG03/120519957/-1/INDaily01&dailycount=2&issuedate=20120515

[usaone]

I feel bad for the suckers that bought Silver at $50.

Gold and Silver going DOWN!!

Jim Rogers was a SUPER BULL on the metals up until this article.

Ut OH!!!!!!!!!!!!!!!!!

[Aman A.K.A. Ahamburger]

No doubt USAwon!!

Big spike on Thursday.. Why?? Possible EU collapse, and USA isn't going to take off like a rocket.. So basically if your holding gold, you're cheering for destruction at this point. Gold has only gone DOWN since things have been looking better with the USA housing market.. Next up would be intrest rates going up a bit... Then look out.. Gold was suppose to plunge 50%, or something like that... UT OH!!!!!

[dothedd]

I LOVE GOLD ... IT SPARKLES!

[Aman A.K.A. Ahamburger]

MMXII says GLD 1100 on the way! Lot of fear could be coming out of the markets, very soon... Vunderbond!!!!

[Aman A.K.A. Ahamburger]

Your numbers above are spot on Mr. Z! It's been a toot, toot train wreck since last Aug. Just think, that is when the USA's credit rating was "lowered"... Since then, by the fear mongering logic anyway, gold and silver should have gone no where but up, not down!

May 22, 2012 9:07:33 GMT -5 @wxyz said:

Yes Mr A.

Not a good future for the gold and silver BULLS. Of course most of the FEW so called bulls that post on here trying to convince others to buy gold and silver NEVER post their own actual "buys" or actual "sells". I have even seen some on these boards cheer-leading gold and silver while they deal in it on Ebay and/or in the pawn business.

EXACTLY Mr. Z! And lets not forget that the reason the remaining gold bulls FIRST said to invest in gold was FEMA camps, Nubru, ect, ect...

I have done a bit of digging in my free time over the last couple days, I have some shit that I found from around my graduation in 2000 that PROVES just what I have been saying about socialist/communist propaganda, your going to love this. ;D

More headlines later...

[Aman A.K.A. Ahamburger]

Coffee time!

How right you are kman. Plunges from $1900 to $1600 over the last year and has been range bound.. How much longer will the gold traders hold up this paper ponzi is the only question now...

Later all..

Gold prices languishing much like global economy, investors remain cautious
economictimes.indiatimes.com/markets/commodities/gold-prices-languishing-much-like-global-economy-investors-remain-cautious/articleshow/15484071.cms

Gold prices have held in a trading range in the last three months due to uncertainty that central banks will take further monetary stimulus to reinvigorate economic growth.

[Aman A.K.A. Ahamburger]

Every once and a while it's nice to share what's going on over at SuperFedwatch fedwatch.proboards.com/ Especially when there is some interesting news to share, the author of the quote is other one who made it stand out.

Nov 16, 2012 22:40:43 GMT -5 @franktheimpaler said:

Gold prices are dropping around the world as demand...like in supply which they have ...and demand which they don't is seriously lacking ....no matter how hard the hedgeies beg borrow and steal literally

Global demand is down more than 11%...like "I" said it would be compared to the third quarter of this time last year

Lets reiterate..slow down in China...global slow down in every country....


BUT THE US...CAN YOU HEAR THAT MANUFACTURING HUMMING?...NOT YET?....IT WILL BE THE BIGGEST GLOBAL BUSINESS STORY OF 2013

....along with our energy story...but you didn't hear the energy executives who don't want to export cheaper natural gas to the rest of the world to keep our low cost edge....which will keep our inflation down....and the cost of our products that we export down...which will then allows us to export more inexpensively??? and enjoy a distinct advantage over the rest of the manufacturing world?

Sorry "I" just carried away with all this good news that will propel these markets to much higher levels even with this fucking asshole of a president and his do nothing cabinet...a national security advisor who does not have any national security policies...a SEC who see's nor prosecutes any financial crimes...an attorney general who see's no crimes...other than the ones he himself either creates or participates in ...for the love of God can anyone here even fucking name the commerce secretary???...don't look it up asshole...you can't

Don't get me started...also we have no inflation...so gold aint going anywhere...but down and soon!

So far the front month contract for delivery for November has lost $16.20 or about 1% to settle at $1,713.30

Also Germany and the Swiss cut their purchases in half...when it became apparent their strategy was going....BACKWARDS

China the worlds largest producer and buyer............ cut its gold consumption by 8% this year and will cut more next

And to add misery to the entire decay of the gold market...the five day HINDI DIWALI festival that touches off strong Indian demand...has been "disappointing" Prithviraj Kothari the director of RidhiSidhi Bullion LTD....