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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (37284)	7/18/1999 1:12:00 AM
From: Zardoz	Read Replies (4) \| Respond to of 116766

Since I have no training to understand market indicators and the such, I will as I have always done and give an analogy that Ron Reese and Hutch can rightly call as a buffoon type analysis. I mention Hutch because the article below mentions derivatives as an evil force, and most, if not all, enjoy and respect Hutch's posts. Based on this article, Hutch would do or be engaged in evil, but we know he is not evil and just might not understand the big picture. Congratulations: Plato said: Reason does not consider [its] hypotheses as first principles but as stepping stones to take off from, enabling it to reach the unhypothetical first principle of everything. Having grasped this principle, it reverses itself and, keeping hold of what follows from it, comes down to a conclusion. But your point is moot as you've missed this: Knowledge is Power; Educate Yourself. If X affects Y which affects Z, does it follow that Z affects Y affects X? or Even X affects Z? Criticisms of Forwards selling, acting upon Gold, acting upon currencies is not proven though the fact that currencies DO effect GOLD which Does effect Forwards is. Once the Asian economies had begun to "deregulate" and were standing in the world marketplace more or less naked, the "hedge funds" were let loose on them. These funds are actually huge concentrations of capital owned by very wealthy Western white men, who manipulate bewilderingly complex financial instruments called derivatives. Under your comment, any PEG of currency is open to attack by any means. But until the hard assets are gone, a country can successfully defend it's self. That saying, the best defense is always one of walking away. This undermines the affect of the hedge funds and clearly places the risk back into there hands. As such Thailand, Indonesia and South Korea had set themselves up into a situation where pressure on one, would multiple it's effect on the others. Thus you had the proverbial butterfly on Wall Street, Bonn, London or China creating a storm that would gather and spread. But look where it ended. Some would say that the countries that sold it's holdings of gold since 1988 have survived; what would have placed them into a recession. Canada and Australia have both taken a server hit on their currencies, but as such in a few years, will come out on the top again. Already the growth rate in Canada is above USA, and their 30 yr yields are significantly lower then USA. As always it those that look to deflect the blame from themselves that always seem to repeat the same mistakes. Understanding X, Y, and Z allows you to search out T, U, V, and W... but those that say they know it all are only deceiving themselves. That said. I understand T->Z that's why I can state why the POG didn't climb under the period I owned PDG call options. {Japanese currency intervention. Further more I could also gather that the BOE affect would be more then what many here suspected. That's why I shorted PDG the day earlier.} This is why many elsewhere and here could predict a $250-$260 POG for june-july time frame, a YEAR ago+. But if for one minute any of the same thought their was this conspiracy to manipulate, we'd be the first to short the crap out of gold. Understanding T->Z doesn't mean that the risk/rewards justify the investment. Now USA Dollar is near an end I heard this in Aug 98, and again loudly in Jan99. First when the correction caused a loud exodus of capital back to Japan, and when the Euro hit the markets. Both times I spoke out how wrong the people here are. {I even termed the phrase baby bear market, long before Ralphy Alcompora woke up to smell the oxygen} So forgive me when I say: YOUR 100% wrong. You think it's over for the US Dollar, then I bet you think GOLD has bottom? Message 10089551 So what happened to gold from JULY 5? And the DXY0? decisionpoint.com decisionpoint.com decisionpoint.com {not to mention the XAU?} Fun stuff when you know what you are talking about, aint it? But just for you... Gold will move after NOV... Won't tell you where it will be then, cause I feel you're insulted me enough in the last 2 weeks. But it will move. You'll have no idea as to what this post refers to, nor are you likely too in the next 50 years. #reply-10385073 but it does show when the RISK of currencies are against or for GOLD. You might want to equate the two GIF images. and look carefully into the future. last date of the GIF's was July 5... Since then the charts are clearer. But I aint sharing. [8?p But, you'll never know. Cause you are the chicken with out the head. Dancing aimlessly around, looking but never to find. Yet at your feet lies the solution. Blame someone else for your losses! Hutch PS: Have you ever bought gold, gold stocks in the last 5 years? And did you sell them also? Now I shall disappear from this thread for another week. As none have said anything different from the first 10,000+ posts.