Could be to do with the US election talk. See these two articles:
(They advocate a very strong rise after the election.)
http://www.dillongage.com/PR-Goldand...s/default.aspx
http://beforeitsnews.com/gold-and-pr...n-2453012.html
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Could be to do with the US election talk. See these two articles:
(They advocate a very strong rise after the election.)
http://www.dillongage.com/PR-Goldand...s/default.aspx
http://beforeitsnews.com/gold-and-pr...n-2453012.html
Also the Google debacle has rattled the markets--could see a further drop next week if your a trader--still an uptrend though in general.
Those dips are a time to buy if your looking to get in
Thats a good general guide ,but all bets could be off if Romney gets in -his ''go to'' economic advisor is Hubbard who was a big fan of derivatives and sub prime mortgage idea[and made a fortune off them]
http://www.truthdig.com/report/item/..._man_20121018/
These guys will line their pockets at the expense of all the rest of us
If Romney gets in, it might be a commentary on middle America.
Gold could be in a bubble according to Brian Gaynor.
http://www.nzherald.co.nz/business/n...ectid=10841675
Excellent background in this article. Who knew that Michael Wilson was an NBR reporter before the 87 crash. All I know about that, it was not long after someone was bending my ear about why on earth didn't I have some shares. Luckily I had no money or assets to speak of.
The MoneyChanger thinks it's unlikely Romney will get in. And he lives in middle America. Today's comments are in line with his distrust of the central financial system.
Quote:
Once again European Union leaders have firmly decided to re-decide everything decided shortly before without taking any action, even the sort of goofy action you expect from statists and Keynesians and socialists. They can only make up their minds to consider and re-consider.
This equates to pure strychnine for markets, for all markets hate uncertainty. Thus even US stocks were kneecapped, the euro made no headway for the week, and the dollar begins to look not so bad after all. After all, it's late, and the bar is closing.
Let us stand back and take a long term view -- really long term, about 350 years or since 1650 when the centralizing trend really took hold in creating national states. Yes, there is a "primary trend" in society as well as markets.
That trend has been rolling over since about 1980. Conventional war's cost has made armies like those of the 1940s impossible -- witness the 4th generation guerilla warfare of the last 45 years. Viet Nam, Iraq, Kosovo, Afghanistan -- armor and paratroops won't work. Now the national state's economic system has begun irretrievably faltering. Worse yet, the ultimate centralization -- the empires into which the national states have been fondued -- are stumbling. Soviet Union's gone, USA is overstretched in 130 countries around the world and dead broke, European Union is flying apart of its own volition.
National states and empires have passed their prime. The process of decentralization in human affairs, including the economic, began with the Viet Nam era and is proceeding rapidly. Even if growing popular opinion weren't (was?) on its side, centralization can no longer keeps its promises and will alienate even more. Ask anybody under 30 whether he believes centralized power is better than decentralized. They young have already decided. The future will be decentralized. Power will flow away from centers to the periphery, and not a moment too soon.
We are now in the worst turmoil, that change where the old is fighting not to give way to the new, and the new is not yet strong enough to take control. The future belongs not to empires, but to secession, to affinity tribes, to small nations. The giant national state is dead for another 300 years.
Looks like the XGD's gonna be in for a smacking tomorrow, gold and silver as well.
One thing you can definitely bet on EZ, I won't be buying on any pullbacks, I think that this market has a very long way to fall, I converted a large sum of money to cash a few weeks back just in case.
I'll be watching the open tomorrow, punters will be very nervous, the DJIA down over 200, and it's October.
Are you talking the folding stuff? How much is alot? Ive often wondered what they would say at the bank if i rocked up and told them i wanted $100000 out in cash--=Im sure they would say it would take a day to arrange and by then everyone at the bank would most likely be talking about it[and maybe to their friends]
It would be a nervous ride home
I suppose you could take out $10-20000 out without to much fuss but what about $3-4oo,ooo?
Things are a bit titchy ATM
Here is one for Skol... maybe...
Billionaire investor Frank Giustra calls gold a bubble!
"Gold is the bubble of all bubbles. It's the mother of all bubbles".