Thé Góld -Death March Thread-·

[lifewasgood]

Those investors would be mistaken as a strong dollar would mean the end to globalization and continue to feed the currency war. Every one has an opinion, and mine is the world is going into "One" with regards to currency and governance. Any intellectual person sitting back and looking at the big picture can see this happening right before I eyes.

[z]

FTI, in answer to your question, I'm not trying to convince anyone. I know very little about investing and the markets compared to most people here.

Having said that...gold continues it's death march today.

[usaone]

Jan 26, 2011 7:29:41 GMT -5 @lifewasgood said:

Those investors would be mistaken as a strong dollar would mean the end to globalization and continue to feed the currency war. Every one has an opinion, and mine is the world is going into "One" with regards to currency and governance. Any intellectual person sitting back and looking at the big picture can see this happening right before I eyes.

Suppose the dollar becomes the world currency?

[usaone]

Lets see what happens to Gold tomoorow if the unemployment number comes in under 400k. ;D ;D

[z]

Thursday comes and gold resumes it's plunge into the abyss. Gold bugs don't know what to make of it and don't want to believe it.

[midwesterner (banned)]

Thursday comes and gold resumes it's plunge into the abyss. Gold bugs don't know what to make of it and don't want to believe it.

You must unlearn what you have learned

[lifewasgood]

The gold death march continues just as it has for 6000 years or more. It is a long march going through many high and low ground, but the march continues nonetheless.

[Deleted]

Ever since Rumpelstiltskin was spotted recently, gold has been trending down. Don't pretend to not see the connection.

[jarhead1976]

Gold in 2000 was 272.00 dollars oz. Its hovering at 1300.00 dollars 10 years later. I guess I am missing something. Loving the stock market too. You can have both ! The nasdaq was around where? , in 2000 not to mention in 2002. Where is it today compared to where it was?

[flow5]

Only a fool would hold gold in the month of JANUARY. And I'm not talking iron pyrite.

[jarhead1976]

I'LL hold my Gold ! Stocks too! Please address both questions? Where was the nasdaq then and now?

[frankq]

"Gold in 2000 was 272.00 dollars oz. Its hovering at 1300.00 dollars 10 years later. I guess I am missing something."

Go back a little farther. In 1978 it was $750.

[z]

Well, as you can see, the gold death-bubble continues it's plummet into the bowels of hell...

[jarhead1976]

wxyz,The Crash of 2000

From 1992-2000, the markets and the economy experienced a period of record expansion. On September 1, 2000, the NASDAQ traded at 4234.33. From September 2000 to January 2, 2001, the NASDAQ dropped 45.9%. In October 2002, the NASDAQ dropped to as low as 1,108.49 - a 78.4% decline from its all-time high of 5,132.52, the level it had established in March 2000.

Causes of the Crash:

1. Corporate Corruption. Many companies fraudulently inflated their profits and used accounting loopholes to hide debt. Corporate officers enjoyed outrageous stock options that diluted company stock;
2. Overvalued Stocks. There were numerous examples of companies making significant operating losses with no hope of turning a profit for years to come, yet sporting a market capitalization of over a billion dollars;
3. Daytraders and Momentum Investors. The advent of the Internet enabled online trading –a new, quick, and inexpensive way to trade the markets. This revolution led to millions of new investors and traders entering the markets with little or no experience;
4. Conflict of Interest between Research Firm Analysts and Investment Bankers. It was common practice for the research arms of investment banks to issue favorable ratings on stocks for which their client companies sought to raise capital. In some cases, companies received highly favorable ratings, even though they were actually in serious financial trouble.

A total of 8 trillion dollars of wealth was lost in the crash of 2000. Bail out the paper people!

[midwesterner (banned)]

The simple cause of the crash was the fact that it was a BUBBLE of massive proportions. People piled into stocks just like they are now piling into gold. The current gold situation will not end any better.

You had a bunch of amateur investors that for the most part had never owned stocks thinking they were stock traders. Just like you have a bunch of amateurs buying gold based on fear mongering now.

Interesting, you say this so boldly. Funny how both stocks and gold have gone up, yet those that pump dare not explain rational reasons as to why they are going up so high right now, but slam gold as if it's a joke. I see a double standard in thinking among pumpers. They can rationalize stock bubbles, but then call gold a bubble. Yet they don't even realize that it would take gold to get to about 2,000-5000 an ounce on average, (at least 2000) to hit the 1980's high adjusted for inflation. Those that refuse to see inflation don't count into the mix about $800 in 1980's is not the same in todays money and purchasing power. You can buy a lot less with $800 bucks now then back then. I see no bubble yet.

Paper is paper. Gold is tangible, and you can hold it in your hands. Great thing about it is it's also rare metal, which makes it sought after.

I'm still standing by my claim gold will go much higher. Fear mongering is not what's happening. There are many problems, not based on fear, but on fundamentals.

You over farm your land, don't rotate crops, your going to have a poor harvest. These are just facts of life. Spend more money than you take in, your going to go broke unless you borrow, (kicking can down the road a bit longer).

[jarhead1976]

Do you think anyone will bail out the metal heads? Absolutely NOT ...... The Wall Street (Banks, AIG, ect.) bailout was nothing more than, welfare for the rich!

[midwesterner (banned)]

Do you see the gold commercials on TV every day? On the cable channels they run all day long. Every one of them is based on fear. Some are blatant, others soft with an English or other soft sounding voice or accent used by the spokesperson. Regardless the point of every one of them is fear.

Talk about pumping!!!!!!In the mean time stocks and funds have climbed a gigantic wall of worry and continue to do so. Stocks have a long way to go before the "regular" people start to think of investing in them. That is a great positive for the stock markets.

Where do you get your information from? Stock keep going up and hitting new highs, but aren't a bubble? Now that's not realistic. One must take a step back and think why has gold, and stocks hit record levels, what's going on here. Pumpers never have a reasonable answer, just say it's going up more.

I say they are right, it's going up into a hyper inflationary mess if it doesn't correct.

Sure, I see gold fever on TV, but doesn't mean it's not still going up still. It's money, always has been for most of history. 40 last years experiment in fiat has caused exponential inflation, after finally scraping Brenton woods, and off gold standard.

I say put your information out there, if your going to pump stock market, then give us reasons. I've seen few to any so far, and pumpers haven't had much to say about it.

[jarhead1976]

Our country can use all the positive it can get right now.

[z]

midwesterner, you keep saying that no one is giving you reasons why the markets keep going up but what you don't understand is that just because you disagree with the 'pumpers' reasons for why the markets are going up is not the same thing as not getting reasons. You have been given reasons by many of the successful investors on this board and there's a reason why they are successful. Food for thought.

[midwesterner (banned)]

Gold up +2.10% today so far. Silver even more +3.53%.

[midwesterner (banned)]

From opening bell to mid day the climb up was almost completely vertical according to the MT Kitco gold charts!!!

[usaone]

Pump and !! You fall for it everyday.

[kman]

Zman....you out there?

[rovo]

He got PO'd about something and I think he left the boards. I can't remember what the problem was.

[Deleted]

I think it was in the "yoga yoga yoga" thread

From last week....

[kman]

Z get your ass back

[verrip1]

Bad management practices drive away the good posters first. Right now, management is in a Queen Victoria phase, trying to protect the tender sensitivities of old ladies and the usual bunch of whiners. It'll come and it'll go. But people who quit boards seldom come back because they have lost faith in getting a fair shake. "Screw me once, shame on you; screw me twice, shame on me". Board managements never care about people who leave, so it never affects the management direction. The tide will come in and the tide will go out. But resentment will stay.

[kman]

yoga yoga yoga

[usaone]

Maybe we could start a

Weight-Watchers Weight-Watchers Weight-watchers

thread to keep the other half happy. ;D ;D ;D

[usaone]

Right back at you!