Have you forgotten that this is a forum for sharing opinions and discussing thoughts??? I simply stated my opinion, you obviously disagree... note taken
Well we dont' want to spoil your secret but assertions if made need to be backed up by some evidence. If you cant' back it up dont post it, simple.
I think gold is going to go through the roof, if I could not back it up with reasoning (and I can and do) I would be stopped in my tracks by the moderators.
And probability, a little less certain than earlier in the day, going a bit weak at the knees perhaps ?
Have you forgotten that this is a forum for sharing opinions and discussing thoughts??? I simply stated my opinion, you obviously disagree... note takenas for evidence, only time will tell.... weak in the knees??? NEVER!
Opinions without some substance to fill the holes will sink. Problem is they can sink others.
Time does not produce evidence but hindsight, and we can all be wise with that.
Well, a trader should always do their own research before jumping in on someone elses opinion... oh, as for gold, my opinion is that it has more to drop short term.
Well it is going up as we speak so thats where it is going short term, which is a reason, the current trend. What is your reason for it going down?
Another reason why it is going up is that many descerning investors realise that the market is bearish so they want to hedge against it.
How about some rough ideas like that to back up your assertions which are no more than crap at this stage of the discussion.
We do have other skills in the areas of banking and house price speculation.OZ foreign debt + a major global correction + our lack of any skill (other than digging holes) = ......... well it's too scary to contemplate actually!
because that would be giving away my trade secret.... but time will tell, nothing is ever 100%.... but through my analysis, there is a strong probability of another bull run soon (July - Aug about)...
US Consumer confidence at 25 year low, house prices crashing, unemployment on the rise, inflation up and you have "evidence" for a bull run? No bottom in sight but you're predicting recovery?
If you mean commodities and energy then could be, but if you mean financials or consumer, look for really bad news later this year. The real buying opportunities for those who still have capital will be next year.
We are never going to get out of Debt while our money is based on Debt.There will me a major correction, every one agrees that market mechanisms such as securitisation are "broken" whilst there are trillions and trillions of dollars tied up in securitised debt in the world. All the US Fed has done is apply a bandaid and allowed the problem to become bigger rather than let Bears Stern start the process of unravelling the mess.
What I want to know is when OZ will acknowledge our out of control foreign debt:
Fraser/Howard left AUD$20B
Hawke/Keating left AUD$160B
Howard/Costell left AUD $600B and they had a "debt truck" driving around the country side saying that Keating was a fool!
Debt is currently increasing at about $60-$80B per year and accelerating!
Make no mistake, Australia is in serious trouble. Digging holes in the ground (and destroying our environment) will not keep the wolves from the door forever.
OZ foreign debt + a major global correction + our lack of any skill (other than digging holes) = ......... well it's too scary to contemplate actually!
"Moody's is simply telling the truth slowly, and there's more truth to be told," said Janet Tavakoli, a consultant and president of Tavakoli Structured Finance in Chicago.
"Up until now I thought the rating agencies were incompetent rookies in structured products," Tavakoli said. "Now I'm suspicious that they may be crooked."
Agencies like Moody's Corp (NYSE:MCO - News), McGraw-Hill Cos. Inc.'s (NYSE:MHP - News) Standard & Poor's and Fimalac's (Paris:LBCP.PA - News) Fitch Ratings have been under pressure by investors, regulators and critics for the past year for incorrectly rating subprime mortgage debt.
http://biz.yahoo.com/rb/080521/moodys_shares_glitch.html
"When the collapse comes, they can depend on the government? I don't think so, gold is our only Refuge." Yevhen, The Italian Job.
Can you eat gold? (I suppose you could sprinkle gold dust on corn grits to add flavour?).
LOL...... Yes its a common garnish on chocolate cakes. But it has no flavour :brille:
did anyone see george soros talking about global markets on Dateline last night? Couldnt argue with a billionaire philantropist
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