Posts by dustyheron5

Unbelievable... even the party (which didn't believe in anything) 🤣... finally put their faith in gold...

And here I was—thinking they were actually going to try and protect the old US dollars... back then. 😂

It seems to me that my colleague Francis is quite uninformed—which explains most of his misconceptions.😉

Let’s look at what has actually generated the highest returns for investors during this crisis (over the last five years):

Top 10 gainers (in USD)

Corn, up 146 percent

Quincy, up 144 percent

Silverado, up 122 percent

ExxonMobil, up 63 percent

U.S. investment grade debt (excluding financials), up 55 percent

U.S. corporate debt, up 44 percent

U.S. high yield bonds, up 40 percent

U.S. Treasury bonds, up 38 percent

U.S. financial senior debt, up 37 percent

Wheat, up 36 percent
http://www.theglobeandmail.com/globe...rticle4472983/

...and these figures are from before this recent 3.89% jump—meaning Quincy could very well be sitting at number one right now.

Frank Walker7 said:Professor Marshall in The New York Times;

"Property taxes serve a primary developmental purpose by discouraging—or rather, making more expensive—the traditional habit our citizens have of hoarding wealth in "bricks and mortar," rather than investing in banks, bonds, stocks, gold, education, and other avenues."

And there you have it, tossing banks, government bonds, stocks, and gold all into the same bucket.

So, at this point, I can't tell if this guy is just talking nonsense or if he's actually giving us some solid advice on how to diversify a portfolio. 😁

Let me make sure I actually understood that idiot correctly. 🤣

So, property tax incentivizes investing in gold, which then somehow drives development...
That is a fascinating way to think—bravo to our friend Marshall. 🥳

I especially love the idea of dumping money into government bonds issued by a state run by morons... charming thought. I can't wait for him to get the chance to try that himself. 😂

Investing in stocks remains a fine idea—though, much like my colleague Baker, I'll stick strictly to the stocks I personally own and ignore any others. Plain and simple. 🙂

Patrick Moore3 said:Hey, quiettrucker12, you still living in dreamland? Looks like that 3.89% growth over the last month totally blinded you after we spent an entire year sliding downhill. You really think one good month fixes everything? 😁

Honestly, when I see people blaming the Chinese for every price hike on NYMEX... then turning around and pointing the finger at greedy bankers every time things dip... makes you wonder if we’re all just looking at clouds. 😉

Francis, good to see you're doing well and checking in.😉........
I am just as convinced as you are that gold is being manipulated—both to the upside and the downside—just like everything else out there.😂

Right now, there is a push toward the upside designed to shake out the reckless short-sellers (people like you and big Karl)......and once they're gone, we'll likely see another round of deflation followed by inflation, and so on. For those of us riding these waves of volatility, it is perfectly fine.😍

The general trend remains Stagflation and everything that entails—gold, silver, oil, food prices, energy, equities, currencies, and so forth.

By the way, regarding my returns—they have been solid. As I mentioned, I picked up some IBM a couple of months ago at $24-$25 per share, and it is currently sitting at $34. Since you are an experienced trader, I am sure you can do the math on that percentage increase.

Anthony Evans78 said:Nenenen, you’ve got it wrong—or maybe you just haven't heard the full story yet. They’re looking to pick up that entire amount by 2015. 🙂

It’s easy to say... I didn't catch the rumor firsthand, but rather heard it through the grapevine😍—specifically from Sean Broderick...😉

But even if that's the case—if they really plan to scoop up that much by 2015—it isn't just bullish for gold prices... it's incredibly bullish. So bullish, in fact, that Karl and Francisko might actually lose their teeth from grinding them so hard.😂

Watching gold climb like this makes me wonder if that rumor😍 about China snatching up 5,000–6,000 tons of gold by year-end is actually legitimate—especially considering total global production sits at just 2,600 tons.😉

http://www.uncommonwisdomdaily.com/3...mmon+Wisdom%29

mistyhawk17 said:I am truly at a loss... when a major national publication like the New York Post publishes something along these lines, it’s enough to set off every alarm bell in my head...

🙂

Did you catch the distinction here? It wasn't journalists at the Post making these purchases—it was Paulson and Soros. 😂

That is a significant difference. 😍

lonehawk5 said:And they didn't even earn it...

Don't be so harsh, friend—just imagine if you had entrusted your life savings to Knight Capital, or Peregrine, or MF Global... or even Charles Schwab... only to have people tell you that you didn't deserve better when you weren't even at fault. You simply trusted your money to thieves—without realizing they were thieves in the first place.😉

The real question that always needs asking is: what on earth were the regulators doing?🤷

He already told you—you just aren't paying attention...

http://www.businessinsider.com/chart...#ixzz20Z9jWEUq

Worth a look—even for Charles.😍

lonehawk5 said:Ha! Honestly, I don't even care about all that noise. I just look at the charts, and all I see is one long, ugly downward slide.

But seriously... when is silver finally hitting $50?😂 We’re staring down the end of the year here...☕

But Charles, the year isn't over yet... those manipulators will flip the market right when you least expect it. I have zero doubt they can move prices whenever it suits their interests.😍

Is there even such a thing as a non-trending period?

A little something for my colleague Charles—though, frankly, what he needs to understand has been staring him in the face for years now.

Egon von Greyerz continues :

“Almost every single major country in The World is bankrupt, and no one has the tools or a plan to get these countries out of this crisis. Consequently, nations will either collapse under their own weight or simply print endless amounts of money to stay afloat . This downward spiral is only going to intensify, eventually triggering a hyperinflationary depression.

brightviper48 said:Is gold currently undergoing Elliott corrective waves over these last few months? Perhaps it might be wise to ride that C wave once it actually kicks in...

Post the chart so we can see if it's actually worth it...

lonehawk5 said:Let people laugh if they want to. They can laugh all they want. But with yields moving like this? Those "golden youth" crowd can kiss any significant long-term rally goodbye.
And as for those scandals... it’s neither the first nor the last one we'll see.
Regarding QE... I'm convinced we aren't seeing any of that this year. Not just because of the election, but because the previous rounds didn't even help employment. Honestly, you could argue unemployment actually went up. Nobody wants to deal with that during an election year.
Anyway, everyone can do whatever they feel like.
I'm still waiting on that $50 silver call from you later this year...😍☕
The only little issue is that I'm not just sitting on a position waiting around... I'm doing things a bit differently. I trade. Most of the group avoids it, but that's just how it has to be... we're not all cut from the same cloth.

You aren't wrong... I'm heading to the pool. 😂

lonehawk5 said:Treasury yields are cratering. Demand is totally outstripping supply, which just proves once again that the dollar is still seen as the ultimate safety net compared to everything else (not even calling it a 'safe haven' at this point).
Futures are climbing too, and as long as that trend holds, gold is stuck under a bear boot. It’s been hovering in this tight little range for ages, but...

Look, honey, please—get real. It isn't funny to talk about Treasury demand when you consider the whole LIBOR scandal...😍.......until that manipulation of the century is fully exposed, all the MSM have just been droning on about massive demand for Treasuries and this supposed "flight to safety."😂

It seems like everyone has suddenly stopped reporting on how much Japan and China are buying US Treasuries lately. How does that work? 😂

By the way, in my view, the US Dollar Index could potentially slide toward 87-88 before we see a true bull run in gold and silver (and equities, naturally)—meaning the dollar goes down... we'll see if I'm right. If it actually hits 87, I am definitely swapping my holdings into the Euro.

placidlynx43 said:After trading a few hundred emails back and forth with Sinclair Broadcast Group, Ivory, Angry Andy, Embry-Riddle, and Turd Ferguson, I’ve come to one pretty simple conclusion: the price of Silver and Gold is going to be whatever the manipulators decide it's going to be. These guys can play this cat-and-mouse game for an eternity—way longer than any of us have the patience for. For instance, look at what happened today: right after the NPR Cartel dropped their announcement, they pumped gold up by $13 just to wipe out those spec short sellers, only to let it tank $20 later to crush the spec longs. You’ve got to wrap your head around the fact that gold jumping from $248 to $1,600 over the last 11 years didn't happen by accident—it happened because the Cartel pulled the strings. Period. Regardless of what the macro economic data says, prices will only move when and if the Cartel decides they're ready to move them.

I have maintained from the start that there is no such thing as an unmanipulated market—the recent LIBOR scandal and the mess at Barclays proved that beyond a shadow of a doubt. But I do have one question...

If the Cartel's intention has been to drive up gold prices over the last 11 years, why would you think they would suddenly stop such a lucrative practice now?😍

analogharbor44 said:So far, nobody has given me a single logical reason why the US, Germany, France, or Italy aren't buying up gold, but instead, they're looking toward places like Kazakhstan or China. Maybe China has its own special reasons for hoarding it. Personally, I don't see us returning to the gold standard anytime soon. Plus, half of the annual gold production just goes straight into rings and bracelets! 😍

It really strikes me as odd that you haven't received an answer to that question yet... so, I'll provide one for you.
Since the central banks of the USA, Germany, Italy, and France already hold substantial gold reserves within their total holdings, they simply have no urgent need to buy more. There is no serious movement toward reinstating the gold standard anyway—though perhaps gold might eventually serve a role in backing a new currency?
China, meanwhile, holds massive reserves—mostly in paper assets—and likely wants to diversify those holdings by increasing gold's share of their reserves from a mere 1-2% up to something closer to 10-12%.

In my opinion, anyone watching this crisis of epic proportions unfold cannot sleep soundly without owning tangible assets—whether that be gold, silver, real estate, water, or energy—held in a percentage that feels right to them.

It reminds me of that famous summit where everyone pledged to ramp up exports to bail themselves out of the crisis... only for a minister from Singapore to take the podium and ask the room one simple question: who's actually going to buy all this stuff? 😂😂😂

At current rates, gold could hit $1580—provided Ben doesn't pull the trigger on Quantitative Easing 3 or OT2. 🤣

Today, we're seeing metal manipulation based on the UP...😍

nimblepanther18 said:In about a week, Greece will head to the polls for an election that essentially decides their fate: will they accept the bailout conditions, or leave the monetary union entirely? Meanwhile, we’re getting fresh reports that Spanish banks are expected to formally request rescue packages in the coming days.

I'm curious—how much of an impact will a potential Greek exit and the Spanish bank bailouts have on precious metal prices? Everything seems poised to boil over within the next two or three weeks, if not sooner. How are you all preparing for this volatility?

I’ve already positioned myself—recently picked up some AGQ at $41.64 and SLW at $24.56... I might have caught a better entry point, but it isn't critical; the prices seem reasonable, especially if silver hits $50 by year-end.😉