Gold: Past, Present, and Future

Look who finally decided to show up—Ben is back!

http://www.zerohedge.com/news/future...d-hints-new-qe

http://www.seebiz.eu/dolar-je-od-190...njiv/ar-30676/

Super read on the dollar being the world's reserve currency. This thing is just loaded with oxymorons! 😍

It’s honestly just one big walking oxymoron—I mean, how can you even follow this when every single paragraph feels like it was ripped out of a completely different book? You've got Iran, gold, inflation, the money printer, and then just screaming "USA! USA!" at the top of your lungs! 😵

The old guard of gold price predictors (Sinclair and Armstrong) are officially on everyone's bad side. 😁

Armstrong:
Honestly, the amount of hate mail I get from certain gold bugs makes me wonder if people have lost their minds. Some of these fanatics absolutely despise anyone brave enough to suggest a market correction might actually happen. Seriously, GET A LIFE! All markets ebb and flow. If you’re looking for a cheerleader who only shouts "buy," go find someone else. You don't realize that treating the market like a cult won't just bankrupt you—it also scares away serious investors who don't want to be lumped in with the crazies.

Sinclair:
Now we've got a guy that the gold crowd practically rescued with thousands of letters, and he's back to trashing the commitment of gold investors.
In my book, he's dead wrong and basically shooting himself in the foot. I've known him since the 70s, and it looks like some things never change.
Loyalty and respect aren't exactly common traits for a lot of people. Don't sweat it, though—we aren't going anywhere.

Gold is just catching its breath right now—it’s in a correction that could easily drag on for another month or two if the market stays moody. But honestly? Once this dip is out of the way, we’re looking at a massive breakout. Brace yourselves for a serious moon mission and the continuation of this whole bull market run.

Anthony Evans78 said:First off, it all depends on how much gold the USA actually holds. That 8,000-ton figure is probably just a myth; the last real audit was back in the 50s. 🙂
Then there's the question of whether the dollar will be fully backed by gold, or just partially.
And third, what exactly are we backing? Physical cash in circulation? Every single dollar out there, both physical and digital? Bonds?
http://www.shadowstats.com/charts/mo...e-money-supply
Either way, the numbers are much higher than what they're telling us right now.

Does anyone actually know how much gold is out there?
http://joannenova.com.au/2012/03/thi...is-everywhere/

If you want to back all money—physical or electronic—with gold, the price of gold would have to skyrocket to an astronomical level.

Alexander Lewis said:Does anyone actually know how much gold is out there?
http://joannenova.com.au/2012/03/thi...is-everywhere/

If you want to back all money—physical or electronic—with gold, the price of gold would have to skyrocket to an astronomical level.

And? 🙂
Maybe then they'd FINALLY stop all this insane money printing.🙂

Melissa Sanchez17 said:Gold is just catching its breath right now—it’s in a correction that could easily drag on for another month or two if the market stays moody. But honestly? Once this dip is out of the way, we’re looking at a massive breakout. Brace yourselves for a serious moon mission and the continuation of this whole bull market run.

Gold is going to absolutely crater...

US Treasury 10-Year Yield, Quantitative Easing Forecasts

Firm January March QE3?

Bank of America 2.4 2.4 Yes
Barclays 2.0 2 no
BMO Financial 2.4 3 Yes
BNP Paribas 3 2.7 Yes
Cantor Fitzgerald 2.5 2.63 Yes
Citigroup 2.45 2.45 Yes
Credit Suisse 2.25 2.5 Yes
Daiwa 2.4 2.6
Deutsche Bank 3 3 No
Goldman Sachs 2.5 2.5 Yes HSBC 2.3 2.3 na Jefferies 3 3 Yes JPMorgan Chase 2.5 2.5 no Mizuho 2 2.5 Yes Morgan Stanley 2 2.25 Yes Nomura 2.48
HSBC 2.3 2.3 na
Jefferies 3 3 Yes
JPMorgan Chase 2.5 2.5 no
Mizuho 2 2.5 Yes
Morgan Stanley 2 2.25 Yes
Nomura 2.48 NA NA
Royal Bank of Canada 2.25 2.25 Yes
RBS 2 2 Yes
Scotia Capital 3 2 Yes
societe generale 2.25 2.25 Yes
UBS 2.4 2.7 no
mean 2.43 2.48

* A ‘Yes’ regarding QE means they see the odds at 50 percent or better.

Source:
http://www.bloomberg.com/news/2012-0...reasuries.html

QE never actually stopped; it just started going by different names... or maybe it didn't have a name at all 🙂

hollowmoose21 said:The old guard of gold price predictors (Sinclair and Armstrong) are officially on everyone's bad side. 😁

Armstrong:
Honestly, the amount of hate mail I get from certain gold bugs makes me wonder if people have lost their minds. Some of these fanatics absolutely despise anyone brave enough to suggest a market correction might actually happen. Seriously, GET A LIFE! All markets ebb and flow. If you’re looking for a cheerleader who only shouts "buy," go find someone else. You don't realize that treating the market like a cult won't just bankrupt you—it also scares away serious investors who don't want to be lumped in with the crazies.

Sinclair:
Now we've got a guy that the gold crowd practically rescued with thousands of letters, and he's back to trashing the commitment of gold investors.
In my book, he's dead wrong and basically shooting himself in the foot. I've known him since the 70s, and it looks like some things never change.
Loyalty and respect aren't exactly common traits for a lot of people. Don't sweat it, though—we aren't going anywhere.

Pure nonsense... you might as well add Ben and deception to the equation. 😉

If you want to know why we’re still riding this bull market wave—and why I honestly think prices have plenty of room left to run—you just have to look at one specific signal: negative real interest rates. That's the smoking gun right there.

Back when rates were actually sitting in positive territory, gold spent two decades just bouncing around that $300 to $500 range. It’s a sobering reality check—even the most legendary bull runs eventually hit a wall, and even with gold, you can't just hold forever. At some point, you've got to pull the trigger and sell to actually bank those gains.

http://www.caseyresearch.com/cdd/critical-number-gold

P.S. first sentence of the text 😍

Alright, let's talk interest rates—inflation is basically sitting at <0 and it’ll likely hang around there for a while. Regardless, if we see a real rally in the stock market, there's a high probability that the lion's share of investment capital will flood into equities rather than precious metals. That’s actually the whole point behind keeping rates low: making sure people find it more enticing to throw money into the market instead of letting it rot in a savings account at a bank.
So, here is the scenario I'm eyeing: indices climb, while precious metals either stagnate or dip, only seeing any real upward momentum once the next bubble finally bursts.

Roughly translated: you're an idiot if you're just saving money; you have to take risks on the stock market.

Alexander Lewis said:Alright, let's talk interest rates—inflation is basically sitting at <0 and it’ll likely hang around there for a while. Regardless, if we see a real rally in the stock market, there's a high probability that the lion's share of investment capital will flood into equities rather than precious metals. That’s actually the whole point behind keeping rates low: making sure people find it more enticing to throw money into the market instead of letting it rot in a savings account at a bank.
So, here is the scenario I'm eyeing: indices climb, while precious metals either stagnate or dip, only seeing any real upward momentum once the next bubble finally bursts.

The bottom line is that the stock market is pumping, while GDP, unemployment, consumer spending—everything else in the US—is either tanking or just stalling out. The Federal Reserve's main goal right now is to get regular folks back into the market and rebuild that trust. They're basically shouting, "Everything's fine! Just keep investing! Stocks are only going up!" 😍 In my book, they're just setting the stage for one last massive shakeout. Who cares about the Laffer Curve or whatever math they're using to justify it?

We’re staring down a massive opportunity to load up on gold, especially silver toward the end of April or early May. All eyes are on that $1,610 mark near the 300-day moving average. That 300 DMA is a massive psychological barrier; if we break through it, things are going south fast—potentially dipping even below $1,520.

quiettrucker12 said:We’re staring down a massive opportunity to load up on gold, especially silver toward the end of April or early May. All eyes are on that $1,610 mark near the 300-day moving average. That 300 DMA is a massive psychological barrier; if we break through it, things are going south fast—potentially dipping even below $1,520.

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!

Coal production hits its lowest point since mid-April 2010

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.

Seriously though, what else is actually growing besides Dow Chemical? 😍