All Forum Posts by: Account Closed

The precious metals space is getting interesting. Gold and silver had big gains this week. Gold is flirting with 1000.00 again. Silver back over 16.00

Scary times. According to a couple buried stories in reuters and marketwatch, China is recalling all of the gold it stored in London, back to China, to be stored on it's own soil, at a location to be used as a trading hub. That appears to coincide with the price jump. Rumor amongst the gold bugs is that this move will stop price suppression/manipulation. That is going off the rumor amongst the same gold bugs that London was leasing out china's gold to suppress the price. Apparently this may help gold
reflect it's true value against paper federal reserve notes and other fiat currencies. Who knows...

It could just be that Sept is historically a good month for gold because of Holidays in the east...

Tony - I feel the same way. There is a trading thread in this section as well. Jump in!

Concerned yes. It is also where I am speculating in the markets.Especially soft commodities like agriculture. The fundamentals are sound for investment growth. Unfortunately the fundamentals are in place because of an outlook of food shortages combined with too much freshly printed money circulating around the world chasing the shortages. Low current production capacity, lack of loans for farmer upgrades and growth, droughts, emerging market populations with middle classes on the way and an appetite for better and more food.

Exposure to the commodities market is easy with ETFs these days. You don't have to be a big futures player. If anything it will be a hedge against your 12 dollar loaf of bread. Central bankers would be the cause of the 12 dollar loaf of bread. They of course are trying to blame the speculators.

"The farmers will be driving the Lamborghinis in the future, for the next 20 years, not the wall st. investment bankers"

-Jim Rogers 2009

I can't think of any trades. Right now I am just going long to hold a couple Jim Rogers Agriculture and Commodity index funds. RJA and RJI. He makes a lot of sense to me.

Shorting doesn't seem right until the printing of money is halted. Perhaps then the stock market and U.S economy will match. I will buy some stocks long when the real value is there. Historically during these times, that is when the dow/gold per ounce ratio is much closer to one. Right now it's all reflation. Don't trust it one bit. Yet shorting feels like betting against the printing press as well.

It is what it is. That is one thing we cannot change. I enjoyed reading his speech from 2002. It provides insight into more of what is to come. Now we're in the exact situation he mentioned very unlikely back then. So far he is doing what he said he would. Next stop, dollar index = 50?

http://www.federalreserve.gov/BOARDDOCS/SPEECHES/2002/20021121/default.htm

It's interesting seeing the Guru so negative sounding towards central banking, 401s etc.... This was on the front page of yahoo finance.

http://finance.yahoo.com/expert/article/richricher/184720

The Democrats may pass Health Care Reform without Bipartisan support.

http://finance.yahoo.com/news/White-House-may-push-cnnm-1440777894.html?x=0&sec=topStories&pos=4&asset=&ccode=

I have trouble believing they have the guts to do that.

Fasten your safety belts. Our decent may have rough turbulence due to the hot air stream coming out of the east.

I am with Glenn Beck on this one. Beck January 2008 that is :)

http://www.thedailyshow.com/watch/thu-august-13-2009/glenn-beck-s-operation