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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (12408)	10/10/2008 11:08:56 AM
From: microhoogle!	Read Replies (1) \| Respond to of 50758

Charts courtesy Elroy Jetson Message 25047838 Message 25047968

To: SliderOnTheBlack who wrote (12408)	10/10/2008 11:19:07 AM
From: ItsAllCyclical	1 Recommendation Read Replies (1) \| Respond to of 50758

The physical market is exploding as you can't find any or if you do there's a premium over spot. The paper market is about 30x larger and is easier to manipulate. Right now USD is benefitting from flight to quality. When that ends and people realize the USD is not safe then the real fun begins. Right now ST almost nothing is safe.

To: SliderOnTheBlack who wrote (12408)	10/10/2008 11:37:05 AM
From: Kpain	Respond to of 50758

I think the air is leaking out of the tire faster than they can fill it up. People are hoarding dollars, dropping velocity. The dollars are getting sucked up here and around the world. Also, maybe the fed is dumping some gold to give the appearance of a stronger dollar and prevent an all out flight from it. Or, maybe the other central bankers are inflating faster than we are, making our dollar look a little better then theirs, and thereby giving the appearance of a strong dollar. Or maybe this unwind is so bad that people have to liquidate their gold. Oh, heck, I don't know, maybe we will see gold rise against all currencies soon. I also wonder, does Bernanke actually listen to Ron Paul and is working to deflate quickly and get this over with rather than drag it out for a few decades.

To: SliderOnTheBlack who wrote (12408)	10/10/2008 1:20:57 PM
From: Zincman	1 Recommendation Respond to of 50758

When I saw the first reports of physical shortage, I knew the public was getting the big fleece.. What better way to suck in the retailer than create a fake shortage and start run.. Funny how physical was getting a nice premium over past few weeks, and now POG is dumping 50 bucks. Gold is no longer my cup of tea. Simply too much manip. Dollar runs, banks bailed out w/ big cash, gold dumps.. for a trade. ZM

To: SliderOnTheBlack who wrote (12408)	10/10/2008 2:19:27 PM
From: bull_dozer	2 Recommendations Read Replies (1) \| Respond to of 50758

E. Charters: "The banks have stopped lending gold. If you don't lend gold it cannot be sold. The difference between bullion price and comex is $100 an ounce or more. There is currently no run on banks, but there will be for those with over $250,000 in accounts. Where are they going to put it? you guessed it. Ounces. I don't think Obama will like that. First act as prexy will be to call in all the gold out there, and fix the dollar at 1/1000 of an ounce of gold. The US dollar is up because they are buying it furiously on all the currency markets while they print bonds and sell them to Central banks." Message 25051664

To: SliderOnTheBlack who wrote (12408)	10/10/2008 6:27:16 PM
From: onedrill	6 Recommendations Read Replies (2) \| Respond to of 50758

If gold is allowed to raise in price it represents a haven of safety. More folks might flock to it. If that happened the banks (fed) would have less money in money market and fed fund accounts that are paying less then 1% interest. If money chases the security of gold how will the fed (banks) fund themselves. It is easier to steal it from us then to print the stuff. We are dumb enough to trust the system.

To: SliderOnTheBlack who wrote (12408)	10/11/2008 4:14:31 AM
From: lifeisgood	Read Replies (1) \| Respond to of 50758

So given those charts above, why isn't gold exploding to new highs? Gold is smelling deflation. If it's correct, gold will plummet. Just my opinion.