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Originally Posted by Skol
Skol,
I have read so much about oil that I am going to stick with it. Tricha had a very jaggered
up and down graph that summed it up nicely. Tricha, can you post it again please.
This could be quite a good thread but I will just have to watch. I know so little about gold. Wouldn't touch it.
Skol,
I have enjoyed the jousts.( but you will never change my opinion ).
Happy New Year to you and all sharetraders.
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All the best for a happy New Year Drilly, and all the rest of the ST fraternity. Just come back from Southbank after the early fireworks (friend's young kids in tow), and it didn't even spit.
Piss that cloud off Drilly .
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Originally Posted by Skol
You're always making millions doctor but never telling us how, there's a few guys at work like that. You should be on the Riviera with your yacht.
Go read my thread and posts on Indophil (IRN). Read my first post and than go read the T/O announcement on IRN in the ASX. And yes I do live near the beach, but no I dont own a yacht cos I am not into sailing.
http://www.sharetrader.co.nz/showthr...&highlight=irn
Last edited by Dr_Who; 01-01-2010 at 09:07 AM.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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Originally Posted by JBmurc
Not long ago India brought 400ton of the IMF they traded their USD for GOLD
I believe the USD could well stay strong an in turn push the GOLD price lower which once it's below 1040 watch China,India,Arabs etc in turn come looking to exchange their USD for GOLD bullion
this will be yet another nail in the coffin of a strong USD
like I said to you SKOL gold will be higher come year end from now yet it may fall in the short term ,as long as the US FED prints free money an the US DEPT grows trillions per Qtr Gold the world's other world currency will be sort after....
I've given it some thought JB:
Bet you a $100 bottle of wine, (to be provided with receipt) gold will end lower at the end of 2010 than at the end of 2009.
End of 2009 price $1095.
Is it a deal?
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Originally Posted by Skol
I've given it some thought JB:
Bet you a $100 bottle of wine, (to be provided with receipt) gold will end lower at the end of 2010 than at the end of 2009.
End of 2009 price $1095.
Is it a deal?
yeah sweet
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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Originally Posted by JBmurc
yeah sweet
OK will note it in my diary. Good luck FT says gold will end 2010 lower.
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An interview with Timothy Geithner in today's Herald doesn't indicate any concern about US debt, or the dollar.
$175b in TARP payments to the Govt by the end of the year and when asked about the dollar said:
"When fear was most acute, people wanted to be in Treasuries and hold dollars. Even today, when you have moments of darkness, people want dollars."
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Skol, that is a typically American-centred view from Geithner. Although perhaps I should quote other Americans like Jim Rogers who actually runs his own business and makes money while avoiding the US$. Unlike Geithner who is on the taxpayers payroll, and his business is printing US$.
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