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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Zincman who wrote (65720)	6/15/2009 11:08:59 PM
From: loantech	Read Replies (1) \| Respond to of 78408

I have a feeling you did not capture the gold move from 250 to 1000. That out did the S&P and the DOW. XAU and HUI even more so. You have had a feeling about gold for a year or two now. Just because we did not make money does not mean many others did not or that we could make $$ in the future? BTW I have made a LOT of money but lost a lot by riding stocks down.Profits were there just not for bozo traders. Gold stocks had a frenzy-fever in 1979-1980 and 1996. Huge gains. It will happen again. Maybe. Fund gold fever? Allocation change gold market is very finite and small compared to most sectors. Foreign buyers that are going to buy all that oil may help the goldies run. <<Lot of deficits still, lot of trillions thrown around as billions are passe> American has been here b4 and, in fact, worse off than this... History shows this...>>>>>>>> I don't buy that load. People are not better off they are deeper in debt. Another day older and deeper in debt St. Peter don't call me I owe my soul to the company store. Debt and toys do not mean better off.But I get you zincer we do have a nice lifestyle of that there is no doubt. You are right but how many are losing that style as we write? <US still has 16 of the top 20 universities in the world... no other country comes even close... Sure some kids are dumb shits.. but many are not... > We agree. But please include top 35-50 to get Boston College in there. <VBG> I am not betting on the demise of the USA but we may flatline for a decade. People plain and simple owe too much and like after the depression will be afraid to borrow for some time after this mess is over.Wages are falling. Does not paint a strong picture in the near future. <The US is soo far ahead of anyone else in nano and bio tech, just those two sectors alone are worth a long bet..> Buy it then and forget the gold boards. LOL. I agee the USA is still good but we may flatline for sometime like I say. We boomed for 25 years or more since 1980. We boomed for 25 years after WWII and then went flat for 10 years. I ain't movin unless it is to some lake property I heard of!!!!! Tom

To: Zincman who wrote (65720)	6/16/2009 6:30:16 AM
From: TheSlowLane	6 Recommendations Read Replies (2) \| Respond to of 78408

I don't see it as a US phenomenon or a decision to invest in gold as being synonymous with a vote of no confidence in the ingenuity of the American people. The gold market is global and demand for gold is worldwide. The inclination of government to debase currency is likewise not exclusive to the US. Everyone has a printing press, these days. The size of all financial assets compared to the amount of wealth represented by gold is enormous. It would only take a small fraction of those assets moving to gold to have a disproportionate impact on price. We are not talking about Joe Six-Pack here. For example, Jeff Christian from CPM Group said recently that he has been speaking to sovereign wealth funds all over the world. He said that they were all interested in owning gold but of the ones that had started to buy, they had only bought 5-10% of what they want to own. tsl

To: Zincman who wrote (65720)	6/16/2009 10:32:46 AM
From: Land Shark	3 Recommendations Read Replies (1) \| Respond to of 78408

>Americans developed, designed, invented implemented much of the modern world we all love and enjoy today. So, Germans, French, Britons, Italians, Canadians etc.. had nothing to do with it????? What rot, LOL. You're an American Fanatic you are.

To: Zincman who wrote (65720)	6/16/2009 5:06:22 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 78408

Zincman, Maybe there is a reason we have not seen this could be.. but gold has been in uptrend.. me ? I've beaten gold since 2K but it's been a lot more work :O) The reason for owning gold is insurance IMO.. do you trust the combination of elected politicians and the electorate to make the right choices ? Rarely... Gold doesn't take much ooomph to move it.. so tapped out isn't really valid I think.. Just the lineups from the last frenzy moved it.. but it won't last long if it comes.. The US is not going to be gone anytime soon... just not preeminent... US was in the right place at the right time at WWII.. and still needed to be cajoled and prodded into action.. China, India, Brazil... are not flashes in the pan.. US has the only positive birth rate in the developed world. In fact, there were more kids born in the US in 2007 than any other year As long as US attitudes moderate towards immigrants from the south.. I bet the ethnic makeup of those births is interesting... US still has 16 of the top 20 universities in the world. Rome did not fall in a day :O) Again I do not think the US is 'falling' though.. Elmat on Booms Busts likes to say return to natural size... that's probably more accurate... and it has basically the same today... Hows that for progress. So you think China has topped out ? LOL.. talk about apples and oranges... But, I could be wrong... ;) Sure.. and contrary to the conventional thinking... It's always different.. other wise Black Swans would not be feared :o) Interesting to see you and Tom at this debate.. Tom is hardly a doom and gloomer either (as in end of USA) ... Seems to me the discussion is more about your respective attitudes than expectations of the future.. you have a sunnier outlook than Tom I think is the difference :O) It's always different.. TBS