126 posts shown.
lonehawk5 said:Just finished buying up more..
gold..702.47$
silver..33.08$
Anthony Evans78 said:It just means you need to step back and actually think about things for a second.🙂
Anthony Evans78 said:The Germans had their noses broken twice back in '43 (Stalingrad and Kursk), but it wasn't until the spring of '45 that Berlin actually fell.
The Dollar is following the same pattern.
More and more countries are ditching the Dollar for their trade deals (China and Germany, China and Russia, China and Brazil, China and Australia, China and Japan, China and Chile, China and UAE, India and Japan, Iran and Russia...).
Notice how many times I wrote "China"? 🙂
Do you really think reserve currency status vanishes overnight?
I guess today is an educational day... here, have some reading material to chew on.🙂 :
http://theeconomiccollapseblog.com/a...he-dollar-dies
quiettrucker12 said:We’re right in the middle of a historic showdown for the Dollar (and Ben is hell-bent on breaking it). That’s the only thing that actually matters right now. Forget all the noise about gold, those automated trading machines, ZeroHedge, market manipulation, or those nonexistent options expirations...
Anthony Evans78 said:The Dollar lost its fight a long time ago; now we’re just watching the slow, inevitable decline to the finish line.
Andrew Barrett4 said:Well, there’s some other news floating around if you care: the Keiser Report
JP Morgan is headed for a crash, which means it might be time to go grab some silver
Jamie Diamond is even predicting silver could hit $500
Twitter really is something else, isn't it?
quiettrucker12 said:Right now, the only real headache comes from the tug-of-war between the S&P 500 and the US Dollar. They’re feeding off each other. Since the Euro is currently driving the strength of the Dollar, you could argue the real issue lies with stock prices and the Euro situation. Honestly, I’m not even sweating the Dollar much right now; I think Ben did exactly what he needed to do. As for gold, it all boils down to the S&P 500 and this supposed "crash" everyone is screaming about. Those crashes are incredibly rare, and if you ask me, the odds are slim. If the S&P 500 sees a correction over the next couple of days (or if it already happened last Friday), gold is going to rocket upward. That’s just how the math works, and frankly, it's the most likely scenario. A total stock market meltdown would probably drag gold up too, mainly because the Dollar would spike (>84). There's a decent chance the Dollar peaked on Friday, just like stocks hit their floor. Gold is basically just waiting for the bottom in equities to start its violent move up. It's hard to imagine a market crash happening right after they kicked off new Quantitative Easing—which, let's be real, is mostly useless anyway—specifically to prevent another 2008-style disaster. The doomsday prophets know this, so they play their trump card: praying Ben stops or delays this new QE. I find that hard to swallow. That would be a massive 180-degree policy pivot. Doing that would trigger deflation, bankruptcies, and naturally, a stock market crash. It seems unlikely the Federal Reserve would pull a stunt like that when they only need to give the market a tiny nudge downward to make it collapse. My take? Everything stays the course. Either the S&P finished its correction on Friday, or it wraps it up by Monday or Tuesday. After that, gold either hits $1800 (causing everyone to whine about a double top) before pausing and hitting $1900, or it blasts through $1800, stalls at $1820 for a breather, and then heads for $1900. If it were easy, everyone would be rich.
Dollar at 150 DMA, is a reversal coming?
We'll see on Monday. 150 might be enough to stall the rally.
Anthony Evans78 said:Not really.
First off, the yen isn't a global reserve currency and it’s not what settles the oil market, so it can't just trigger a collapse of the entire global financial system.
Second, comparing Japan to the USA is an apples-to-oranges comparison. Unlike the USA, Japan is an export-driven economy where they basically hold their own debt—over 90% of it is owned by Japanese citizens.
Between twenty years of zero growth, a shrinking population, dwindling savings to fund that debt, and last year's nuclear disaster... maybe go read up on what Kyle Bass thinks about Japan. 🙂
Sit down, kid. 😁
Anthony Evans78 said:It’ll be just as much help as the last nine attempts over the past two decades 😁
Anthony Evans78 said:Are you twisting the facts on purpose, or do you just struggle with basic reading comprehension? 🙂>
Melissa Sanchez17 said:Watch this. You might just find yourself coming to the same realization. 🤷
http://www.youtube.com/watch?feature...&v=VKRAY3t1L-o
Anthony Evans78 said:Most revolutions aren't actually about politics; they're driven by the economy. Isn't that always the case?
Better start studying history while you still have the chance. 😁
dustyheron5 said:
Jim Rickards' take on an Armageddon scenario—unlikely, perhaps, but certainly not impossible.
dustyheron5 said:Sure—assuming someone doesn't shoot you first just to grab your sidearm... simply because they want your ammo. 😂
So, who is actually the bigger doomsayer here? Is it us—people planning to buy groceries using gold or silver bullion—or is it you, thinking you're going to need a gun for every trip to the store? 😉