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Old 11-16-2009, 09:09 AM
 
Location: Raleigh, NC
20,000 posts, read 16,024,390 times
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At least some things are being stimulated.

PRECIOUS METALS:Risk Trade, Weak Dollar Propel Gold To Record - WSJ.com (http://online.wsj.com/article/BT-CO-20091116-707624.html?mod=rss_Commodities - broken link)
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Old 11-16-2009, 09:17 AM
 
Location: Fort Worth Texas
12,481 posts, read 9,021,152 times
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Quote:
Originally Posted by summers73 View Post
At least some things are being stimulated.

PRECIOUS METALS:Risk Trade, Weak Dollar Propel Gold To Record - WSJ.com (http://online.wsj.com/article/BT-CO-20091116-707624.html?mod=rss_Commodities - broken link)
Did you not hear the recession is over
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Old 11-16-2009, 09:24 AM
 
Location: Raleigh, NC
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Originally Posted by wjtwet View Post
Did you not hear the recession is over
Shoot, I forgot. Thanks for remind me.
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Old 11-16-2009, 09:40 AM
 
19,183 posts, read 28,736,011 times
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Buy Gold!!! Buy Gold!!! Buy Gold!!! Who will be the lucky one to buy in at the market top...
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Old 11-16-2009, 09:43 AM
 
Location: Raleigh, NC
20,000 posts, read 16,024,390 times
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Quote:
Originally Posted by saganista View Post
Buy Gold!!! Buy Gold!!! Buy Gold!!! Who will be the lucky one to buy in at the market top...
Those morons in Zimbabwe, Argentina and Iceland who bought gold are sure kicking themselves in the butt right now.
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Old 11-16-2009, 09:45 AM
 
Location: SE Arizona - FINALLY! :D
20,315 posts, read 23,260,132 times
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Quote:
Originally Posted by saganista View Post
Buy Gold!!! Buy Gold!!! Buy Gold!!! Who will be the lucky one to buy in at the market top...
Yup.

Speculators are driving gold prices up - rather than a real demand.
At some point the bubble will collapse and prices will plummit just like they did back around 1980 (a very quick plummit that took 30 years recover).

Ken
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Old 11-16-2009, 09:46 AM
 
Location: SE Arizona - FINALLY! :D
20,315 posts, read 23,260,132 times
Reputation: 7442
Quote:
Originally Posted by summers73 View Post
Those morons in Zimbabwe, Argentina and Iceland who bought gold are sure kicking themselves in the butt right now.
As will people who still hold gold when it collapses.
That's the nature of a bubble.

"Investors never learn. Merely a year after the collapse in the financial system and the next speculative bubble is taking shape, this time in the form of gold."

http://www.marketoracle.co.uk/Article14061.html

Ken
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Old 11-16-2009, 09:50 AM
 
Location: Raleigh, NC
20,000 posts, read 16,024,390 times
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Originally Posted by LordBalfor View Post
As will people who still hold gold when it collapses.
That's the nature of a bubble.

"Investors never learn. Merely a year after the collapse in the financial system and the next speculative bubble is taking shape, this time in the form of gold."

http://www.marketoracle.co.uk/Article14061.html

Ken
Let me know when gold in any of these three countries falls precipitously in price.
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Old 11-16-2009, 09:51 AM
 
Location: Raleigh, NC
20,000 posts, read 16,024,390 times
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Quote:
Originally Posted by LordBalfor View Post
Yup.

Speculators are driving gold prices up - rather than a real demand.
At some point the bubble will collapse and prices will plummit just like they did back around 1980 (a very quick plummit that took 30 years recover).

Ken
I don't see Fed rates going to 20%, but maybe you see something I don't?
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Old 11-16-2009, 09:52 AM
 
Location: Raleigh, NC
20,000 posts, read 16,024,390 times
Reputation: 3768
Yep, India buying 100 metric tonnes means nothing. These aren't the droids you're looking for, move along.
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