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To: Canuck Dave who wrote (129708)9/2/2008 12:11:48 AM
From: koan  Respond to of 312407
 
I have lost all knowledge of what is going on. Got caught up in Obamaania-lol.

I read today the dutch Intellignce is saying we are going to bomb Iran within weeks! Scary, but sure will make gold go up.

shootfirst posted this:


On the inflation-deflation debate, found an interesting post by cruisie on the agoracom kodiak board:

"...we are entering a world of deflation and not likely hyperinflation like everybody claims. Credit is being destroyed everywhere, while we speak. The Fed is trying to slow the process by bailing out banks with huge amounts of newly printed money. Banks that are left with worthless mortgages and real estate that has lost it's value. Helicopter Ben is not crazy as he sometimes seems, if he wouldn't do this we would see a catastrophy at a much larger scale and definitely sooner.

Real estate prices are the key to the whole situation. The US consumer is shopped out, which should've happpend at least a decade ago already. As real estate falls further in price, people have less money to spend, that means less money to buy products. Demand will be lower, prices will eventually be lower.

But don't think that gold only or always does well during inflationary times. If that was the case gold would've been a great investment during the 80's and 90's. Was there no inflation then? Gold does well during double digit inflationary times and most likely also during deflation.

Sounds strange? During deflationary times you will see many banks go bust. This is when the fear factor sets in and people will start to hoard old safe havens like gold and silver. It is hard to understand or grasp this because we never really were around in a deflationary time period ourselves.

Next to that I do want to note though that things are different now than during the last deflationary period in the 30's (when gold also moved up higher in value):

- Gold is no longer linked to paper money as it was back then

- People used gold and silver daily and thus were familiar with it(coins)

- Banks were allowed to go bankrupt before 1933, that is not the case now, the FDIC insures deposits up to $100.000,-

- People weren't alllowed to own gold after the 1932/1933 ban (so who knows what would've happened to demand after the ban if it was still allowed, this ofcourse strengthens my case that gold will go up during deflation)

So it is not completely certain to say what will happen now that this deflationary period is about to set in. All i know is that we are about to witness the most bankrupties for businesses and banks and the most geo-politically challenging environment in the years ahead of us.

Then next to that we can add that gold and silver mining production have past their peak. Diminishing supply is always good for price appreciation ofcourse . Then add that it will be more and more difficult for the manipulative powers (and believe me they are planning something new) to keep power structures the way they are now and my guess is that gold, silver and related shares will still do well in the future. Other commodities will do less well i think.

My guess is that physical bullion is best now, mining will become more and more interesting year after year because of diminishing production and increased demand...."

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To: Canuck Dave who wrote (129708)9/2/2008 8:01:32 AM
From: ogi9 Recommendations  Read Replies (2) | Respond to of 312407
 
I think you miss the point Dave. If any of us posted the name of every fast moving stock some would have validity and many would not. TW does not "PICK" stocks. He uses some form of daily momentum filter, screams loudly when something starts up and pretends he knows something about that particular stock, by making incorrect or simply woefully inadequate fast summations of their fundamentals based on 2 seconds of DD. Meanwhile as I have documented numerous times he is then spamming that "Pick" across every hot board on Stockhouse AS Winner1.

EG:

: Traderworld1 7/24/2008 1:28:06 PM
Read Replies (1) of 129715

"""DVQ volume alert (profitable co trading at 0.03)."""

This a lighting company under listing review by the TSE.
Traderworld promotes it as profitable because it had a grand total of 34 thousand dollars in EBITDA for one quarter, while heavily in debt and posting a LOSS AGAIN.

It is not about OTCBB, VSE or even momentum plays, all of which have their place. It is about one particular poster and the constant crap he produces. I think your thread suffers for it and I think there are significant contributors that are not here or have lessened their postings because of it.

Cheers,
Ogi