Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: yoremopnhoj who wrote (24892)	11/25/2009 5:52:37 PM
From: zamboz	Respond to of 71456

Yes, something has changed. Maybe they are trying to get some attention through action. They wasted their time using words.

To: yoremopnhoj who wrote (24892)	11/25/2009 8:38:01 PM
From: Secret_Agent_Man	1 Recommendation Read Replies (1) \| Respond to of 71456

"Gold -- There's still loads of scepticism about the rising price of gold and the bull market in gold. It's been so long since the US public (since 1971) realized the gold was real, Constitutional money, that they don't know what to make of the gold action. They think gold near $1200 an ounce is expensive and they'd rather have dollar bills. I've coined the phrase, "dollar-bugs" for these ignorant Americans. I guess they'll have to get educated the hard way, which means holding on to their fading Federal Reserve Notes, no matter what. As far as I'm concerned, it's an amazing example of mass brain washing. "Hey, I'd rather have junk paper turned out by the Fed than the real thing -- gold." Pathetic. And the happy thought is that you can (legally) still swap your junk fiat paper for gold." Richard Russell 11/25/2009

To: yoremopnhoj who wrote (24892)	11/26/2009 1:16:16 AM
From: Skeeter Bug	4 Recommendations Read Replies (1) \| Respond to of 71456

yore, keep this scenario in mind - it probably won't play out, but it is my current view (long term gold is a big winner in this scenario). 1. markets are about flat or up by the end of the year - gold probably up more. 2. in Q1, the PPT pulls support for the market and it crashes and the dollar strengthens. i think gold sells off, but not near as much as the market. why up through EOY? 1. the government wants people happy at xmas. 2. goldman sachs wants the ink to dry on their billions in bonuses before the markets collapse. why down in Q1? 1. the banksters need 2010 bailout bonus money and funds to keep their zombies walking and a financial crisis will grease the public to for bailout part deux. 2. the government needs an excuse to keep printing. 3. the ~140 PE is difficult to support in the context of a lousy xmas shopping season. 4. it is easy to manipulate the market down and back up compared to continue trying to expand the ~140 PE. goldman sachs can make money down as well as up. the bull is showing weakness. the dollar dropped 1.18% against the euro and the markets rose 1/3% to 1/2%. in short, if another crisis hits and gold shows weakness, be sure to jump in with hedges. i think there is a reasonable chance the markets collapse and gold goes up. in any case, this next collapse will be the beginning of the true end - the money printing will not only not stop, it will escalate from current levels. ps - if the chinese don't start screaming bloody murder, i'm of a mind that obama told them that the US would take the dollar down through the end of the year and then strengthen it in Q1. without a promise to strength the dollar in Q1, the chinese should be livid right now.