one fine day we do not want to have to face the terrible prospect of a particular question from our little ones little ones, "grandpa, why are we goldless?"
:0)
the highest level to be aimed for, for a true 9th-level believer of the faith, is to be able to keep taunting the paper worms even as while gold is experiencing an optics correction
one cannot say taunting on the way down is any less fun than provoking on the way up :0)
From: J
Sent: Wednesday, April 17, 2013 11:51 AM
Subject: Re: Comments - Week of a April 15 - gold sell off/h/silly thot
do not believe the issue is euro-specific or institution-particular
the same story (i.e. law of gravity) we use for gold price-action must simultaneously account for the motions in silver, platinum, and palladium space - the law of gravity is working the same for all planets and stars
whatever the story is or supposed to be, as anticipated by gold market first and now all markets except the dumb markets, we must fear the possible truth
and hold to our faith in gold with more strength than ever
i.e. suppose what is actually feared is the onset of 2008 version 2.0
in such anticipation of such event i would hold gold and add gold, but also must standby to add platinum and silver, even as i am unwilling to step out of gold space, as i am unwilling to step into dollar arena
in the mean time we have lost a lot of comrade names on this thread - time for reset
From: d
Sent: Wednesday, April 17, 2013 11:40 AM
Subject: Re: Comments - Week of a April 15 - gold sell off/h/silly thot
Just a thot: ... It was not cyprus or even fear of italy that led to sell off -- but the whole European project.
It is a realization by eurocracrats (why now?) that firmament underlying Euro is. a figment...that europe is so screwed ...
There must have been something inside some institutions that led to this. ...could there have been a secret sale? Or something done semi on purpose to paint gold worse than euro?
From: b
Date: Tue, 16 Apr 2013 21:15:37 -0600
Subject: RE: Comments - Week of a April 15 - beijing stores out of gold
No matter what, take time out for 4 hands moments (and as we used to say in the '60s ' smell the flowers'), while we're all being fucked.
From: J
Sent: Tuesday, April 16, 2013 8:11 PM
Subject: Re: Comments - Week of a April 15 - beijing stores out of gold
we are f*&^%ucked whatever we do and try to do
would we prefer to be f*^%$ucked and left w/ nothing
or f(&^%ucked and holding a bunch of bars and coins?
that is the fundamental question, because the technical details are a given.
From: T
Sent: Wednesday, April 17, 2013 10:07 AM
Subject: Re: Comments - Week of a April 15 - beijing stores out of gold
Couldn't agree more. If anything, his statement is a reason to go long.
Still, I'm concerned a bit about gold.
On 4/16/2013 9:49 PM, K wrote:
the same o'neill in 2008, after Gold fell from 1000 to 750 said Gold below 500 ... his note ended with the words "anyone to take up my bet?"
to quote the line from Dr.Walker "those who did not see it coming now say its all over" !
On Wed, Apr 17, 2013 at 3:58 AM, T wrote:
Goldman's Jim O'Neil out calling that the peak in gold has passed.
In ten years I've never doubted gold.
On 4/16/2013 10:34 AM, S wrote:
Re: buying the dirts vs. bullion, this ticker note FWIW --
Globe says Barrick faces day of reckoning on gold price
2013-04-16 08:37 ET - In the News
The Globe and Mail reports in its Tuesday edition the freefall in gold prices spells more bad news for an industry already fighting cost overruns, asset writedowns and project cancellations. The Globe's Pav Jordan writes gold dropped to its lowest price in two years on Monday, reaching $1,361 an ounce, driving the Toronto Stock Exchange gold index down nearly 10 per cent. "Costs are rising faster than gold and if gold isn't rising, then producers are in trouble," said Pawel Rajszel, an analyst with Veritas Investment Research Corp. in Toronto. He calculates the all-in, sustaining costs of producing gold at around $1,100 an ounce on average. "It's the story of the decade and nobody noticed because gold prices were going up," Mr. Rajszel said. "Now that gold prices are going down, you see who's swimming naked as the tide falls." Prices for equipment, materials, labour and energy soared as mining and energy firms competed for the same resources and supplies amid an industry frenzy of mine construction. Barrick projects all-in costs of $1,000 to $1,100 per ounce for 2013. The all-in cost, or sustaining cost, reflects a company's cash operating costs plus the estimated spending to replace reserves.
On Tue, Apr 16, 2013 at 6:51 AM, J wrote:
another reason given for gold dropping. we are fortunate for the sooooo very many reasons
bloomberg.com
Gold Slump Sparked by European Sale Concern, Goldman Says |
