Posts by lonehawk5

The stock isn't going to stay at these levels forever. And for the record, I'm not buying a single thing.

The current price says it all...

They aren't far off. I just have my doubts... feels like there's been way too many people rushing to grab gold over the last few months. Fear and euphoria... they always seem to be walking hand in hand

LOL

"Some days around here, you seriously start wondering if the phone lines even work,"🤣😂

nimblepanther18 said:I agree that another major buying window is approaching, though I have a few lingering concerns...

If you take the current state of the economy into account, precious metals prices really ought to be at least double what they are right now.
Based on recent indicators, I am bracing for a stock market correction reminiscent of 2008. If we factor in current valuations and anticipate a 30% drop, that should represent the absolute bottom—assuming one believes prices will eventually rally again.
It defies standard logic, yet the pattern seems to be that when equities tumble, precious metals often dip alongside them instead of acting as a hedge. Is that not strange?

Good luck to everyone!

There's no such thing as "real." You either adapt to the situation fast enough, or you get wiped out.

That’s nowhere even close to the truth...

1994?
How high would the unemployment rate be in America if we actually started counting everyone since then?
Sure, the U-6 looks fine, but this... looking back 20 years... if we do it that way, we can just keep digging forever...

Anthony Evans78 said:Yeah, unemployment would be north of 22% if they measured it the way they did twenty years ago instead of using the current BLS methods. Did you know their model ignores "discouraged workers"—the people who just gave up looking for work and get wiped from the stats entirely? Check out shadowstats.com if you want a real look at how disastrous the US economy actually is.
The NYSE is losing its mind because the Federal Reserve keeps printing dollars relentlessly, pumping all that newly minted cash into stocks and inflating a massive bubble. No real capital is fleeing into precious metals yet. Real money hasn't even entered the fray, but once it does, we’re going to see prices skyrocket and a massive shortage of physical metals.
For the billionth time, gold can only go up in an environment like this—zero interest rates, a shrinking economy, absurd amounts of dollar and fiat printing, rising unemployment, a dead housing market, bank insolvencies, and a world drowning in debt, from the average citizen to local governments and sovereign nations. But since we aren't living in a free market, but rather one of constant intervention, we get nonsense like Alice in Wonderland, where the Federal Reserve announces a $500 billion injection and gold somehow drops by $70.
It’s hilarious that you’re labeling me as having a certain "mindset" just because I believe gold can only move higher. You clearly don't see the largest bubble in history—US government bonds—on the verge of bursting. When that bubble pops, the value of all those papers will plummet to zero. Unlike physical gold. Even if gold's price dips temporarily, its purchasing power will still dwarf everything else.

The seasonally-adjusted GDP Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for GDP-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of the U-6 unemployment, which includes short-term discouraged workers.
The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.

Anthony Evans78 said:What kind of capital flight from precious metals are you talking about? You honestly think someone just dumped their gold and silver and caused this crash? What universe are you living in? 🙂
It’s mind-blowing to me that precious metal prices are dropping while Bernanke claims interest rates will stay at zero through the end of 2014. Everything else he said was either a lie or pure nonsense.
The stock market rally, the frantic movement... it's just sheep running from one side of the field to the other. This hasn't made any sense for a long time. Stocks are only climbing because of the endless free money being pumped in by the Federal Reserve.
Since when does a market where Apple makes up 75% of the NASDAQ and outweighs the entire retail sector even make sense? They talk about a recovery, yet food stamp usage is at an all-time high, real unemployment is north of 22%, and the housing market is dead.

What are you even on about?
Unemployment over 22%?

Gold prices are absolutely skyrocketing☕

Anthony Evans78 said:Are you actually serious right now? 🙂
I'll assume you aren't joking...
What do you think happens if India and Iran start trading gold for oil? You really believe that won't cause some major chaos?
First off, gold prices would skyrocket. Second, it speeds up the death of the dollar. Third, what happens to the countries that don't have access to either dollars or gold? And fourth, do you honestly think the USA is just going to sit there and watch this unfold?
Don't you realize that Saddam and Gaddafi paid with their lives because they dared to suggest moving away from the dollar and establishing a gold standard in the Middle East?
I guess you can figure the rest out for yourself...

You totally caught me off guard🙂

Anthony Evans78 said:If this turns out to be true, all bets are off...
http://www.debka.com/article/21673/

Why?

Hey, lonehawk5...

The whole point of this is to make sure that imported inflation doesn't bleed into our pockets... we can't let the cost of goods coming in from overseas drive up prices here in dollars. It just shouldn't happen...

Are you seriously asking if foreign prices are an exogenous or endogenous factor? Man, what kind of question is that... It's obviously both, depending on how deep you want to go down the rabbit hole! Everything is connected... You've got global supply chains being hit by stuff happening halfway across the world, which is totally exogenous, but then you've got domestic demand and local market shifts pulling the strings from the inside too... It’s all just one big, messy loop... Honestly, why even bother splitting them apart when the whole system is such a chaotic wreck?
How exactly are we supposed to have any say in what things cost over in France? Like, seriously... how does an average person living here in the States influence prices on the other side of the Atlantic? It feels totally pointless...
Look, prices change everywhere... from one state to the next, it’s all over the map. And this whole idea that everyone is suddenly going to have some massive "epiphany" and change their entire attitude? Please. It's nothing but a total pipe dream...
Look, you’re stuck with one cold, hard fact: if the price of something goes up and you insist on keeping it at the old rate here in the States, you’re basically just throwing money away... You'll be operating at a loss, plain and simple. It’s basic math!
Another thing... every single "intervention" just opens the door for more gray areas. Keeping prices artificially high? That’s nothing more than ignoring what the market is actually telling us. And you know exactly who ends up footing the bill for that delusion... everyone else...
Thirdly... trying to just push greed aside? That’s ridiculous. It's literally hardwired into us. Greed is part of the human instinct—it's inside every single one of us. Expecting people to just suddenly stop being greedy is pure insanity... so yeah, I'll say it: greed is perfectly normal.
And one last thing... seriously... who actually gets to decide what a fair price is for everything? Who’s the authority here that can just point a finger and say, "Yeah, that's the right amount"? Where does the line even get drawn?...

One more thing... why on earth do you think devaluing the dollar would actually keep prices climbing? Seriously...

@Maria Thomas48

Quincy:

Once the reform hits, the dollar needs to be locked down tight... we're talking total stability while every other currency just goes up in smoke from inflation.

So, how exactly would you pull that off?

northernmarlin2 said:They’ve got at least 4 times more staff on the water management teams than they actually need; about 75% of them are just extra dead weight. Honestly, they’re even worse managed than a massive conglomerate in Washington, D.C.

We're talking about roughly 1,200 employees... and here's how they're laid out:

Is this "optimum"?

I don't know... doesn't look to me like they're actually overstaffed... the whole mess with their investments and how they move money around is a completely different disaster altogether...

So, what about the last few years?

If you select GDP from the dropdown, the data covers 1947 through 2010.
As for the unemployment rate, it runs from 1971 to 2010.

@Matthew Patel12

Look, crimsonfalcon10, what on earth are you talking about when it comes to zeros and inflation? The US has sat at a 3% growth rate for years! The US hasn't even seen development higher than 3% back when things were actually running smoothly...

http://www.tradingeconomics.com/Econ...spx?Symbol=USD GDP

http://www.tradingeconomics.com/Econ...spx?Symbol=USD growth rate

http://www.tradingeconomics.com/Econ...spx?Symbol=USD inflation

@Matthew Patel12

I couldn't care less about consumer psychology

Psychology is everything here... the whole drive to sell, produce, and buy... that's what actually dictates the economy.

@Ashley Barnes9

I finally caught on to how these repo auctions work. Seriously, why on earth is the discount window rate sitting at a massive 9% when even commercial banks aren't charging that much? I don't get it...

It's basically designed to scare banks away from using that option (basically:http://www.centralbanksguide.com/lender+of+last+resort/)

Maybe they shouldn't be handing it out to anyone who asks???

It goes right back into the federal budget... which is actually a decent chunk of change.

I'm not so sure about that. Matthew Patel12 wasn't exactly working with "real" numbers here. Plus, 5% of 4.4 billion—which is what the entrepreneurs are making—is definitely not going to hit 16.5 billion.

330*5/100= ?

I was talking about this:

based on Stoletov’s math, if you try to cover a 5% profit margin using non-credit moneythat means the government would have to print roughly $2.5 billion a year just to make up for the deficit lost to savings...