Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 681.76

-1.1%

Dec 12 4:00 PM EST

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To: Vendit™ who wrote (43176)	1/5/2013 8:39:12 PM
From: GROUND ZERO™	1 Recommendation Read Replies (1) of 220094

Gold's bullish wedge... while everyone is calling gold a dead market, I think it's getting ready to return to life with a rally that might surprise everyone... as they say, be fearful when others are greedy, and be greedy when others are fearful... so, now that everyone is fearful that gold will sink into oblivion, I think it's clearly a buying opportunity... but first things first, Feb. gold MUST close above 1632.60 on Thursday January 10th... better yet, above 1663.70 on that same date... From TF Metals Report: Let me make this perfectly clear: THIS IS AN EXTRAORDINARILY BAD IDEA. It's one thing for The Fed to monetize the debt by printing money and buying treasuries. At least this method of funding the U.S. government has a tiny modicum of reality in that bonds are purchased which come with the future promise of repayment. The platinum coin idea is the outright creation of money from thin air. It is a true, immediate and real devaluation of the currency. Of course, some would say that devaluation and debt remediation are the only options for dealing with the current situation and, frankly, they're right. It's really the only way. The Fed must inflate in order to pay off yesterday's debts with the less valuable currency of tomorrow. However, to do it all in one swoop...to simply create $2T out of thin air...would be catastrophically inflationary. It would set off a full-blown flight from the dollar and from treasuries. The much-discussed hyperinflation and financial collapse would finally be upon us. tfmetalsreport.com GZ

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