Gold

[Skol]

There's a rumour the current gold stagnation is because John Paulson is selling.
If the rumour becomes a fact, look out below.

[skid]

http://www.guardian.co.uk/world/fisc...l-cliff-latest

The average American will wake up tomorrow having to pay an additional $3500 in taxes.
Its predicted that by March 2013 the USA will no longer be able to pay its bills
all bets are off till this is sorted,one way or another-for now..

[skid]

Rumors of a deal--Gold likes the news

[skid]

Now its looking like the deals off-.. gold doesnt like the news- this is more fun than a barrel of monkeys..

[skid]

http://www.guardian.co.uk/commentisf...lican-nihilism

A bit off topic,but it shows the state of things in the US today[the worlds largest economy]

[Skol]

Fiscal Cliff's been solved, every stock on my watchlist is in the green today, with one exception WDR, which is the same.

A selection, TOL +7.5, CSR +4.5, DOW +7, PDN +6.5, ABC +2, SGP +5.5.

Gold is flatlining.

[tricha]

Fiscal Cliff's been solved, every stock on my watchlist is in the green today, with one exception WDR, which is the same.

A selection, TOL +7.5, CSR +4.5, DOW +7, PDN +6.5, ABC +2, SGP +5.5.

Gold is flatlining.

Dream on.

“This is related to the action you are seeing in the gold market. How many times can you watch the gold market go down $25 in a minute or two when there is no volume? People around the world are starting to figure out that the dollar is toast going forward, so who in their right mind sells gold the way they did yesterday? No one could accumulate that much money and be that stupid. So that manipulation is being done deliberately. There is a ritual we see in overnight trading. Gold is usually up $4 or $5 at around midnight or 1 AM east coast time. I’ll be watching gold trade at this time and I can’t count the number of times that in just a minute or two, instead of gold being up $4 or $5, it’s now down $20. No one is trading at 12 or 1 or 2 in the morning. Somebody is doing this and it always happens when there is no liquidity. So you have a game of desperation going on here and the Chinese are aware of this. I was just speaking to a Chinese diplomat and I said to their diplomat, ‘Your two most important commodities are water and gold.’ And this diplomat said to me, ‘Yes, we need gold to back up the yuan.’ Well this diplomat realized very quickly they had made a terrible mistake in admitting that and began to back off and stated, ‘No, it’s not to back the yuan. It’s because of jewelry.’ But it was too late, the horse had left the barn so-to-speak. So the Chinese get this in spades. The only way for them to become the world’s powerhouse and continue accumulating materials in the resource war is if they have a currency that’s backed up by gold or they have the actual physical gold itself. The bottom line here is that when I see gold engaged in one of these drops I know it doesn’t make any sense. The Chinese let the price of gold dip because they are smart buyers and we are playing into their hands with this ridiculous manipulation. This game of manipulation we are engaged in with the gold market is going to stop sooner rather than later. Time is running out on these schemes and when it does stop and when they lose control, you had better be positioned in gold because this will be a bull market to end all bull markets.”

[tricha]

Fiscal Cliff's been solved, every stock on my watchlist is in the green today, with one exception WDR, which is the same.

A selection, TOL +7.5, CSR +4.5, DOW +7, PDN +6.5, ABC +2, SGP +5.5.

Gold is flatlining.

In your dreams. We all know China need at least another 2,000 tons of the stuff to be a world currency,( Russia will be in on their game as well)
They are actively buying gold mines across the globe.

The US$ as a reserve currency is just about finished. Its the biggest Ponzi scheme the world has ever known, unfortunately when the music stops...........................................

Today acclaimed money manager Stephen Leeb stunned King World News when he said he was recently speaking with a Chinese diplomat and the diplomat accidently admitted to him that China was accumulating gold specifically to back the yuan. This was a shocking admission and the diplomat then attempted to backtrack but it was too late.


http://kingworldnews.com/kingworldne..._The_Yuan.html

[skid]

Equities and Gold have both increased this last year,but yes,equities have increased more this time around--I wouldnt be getting to cocky about that though.
Whew! Fiscal Cliff is out of the way--but in a mere 2 months the Republicans will have another chance to hold the country[USA] to ransom with the debt ceiling talks.
They have indicated they are willing to let America default on its debts to get their way--theres more uncertainty coming up folks

[skid]

Fiscal Cliff's been solved, every stock on my watchlist is in the green today, with one exception WDR, which is the same.

A selection, TOL +7.5, CSR +4.5, DOW +7, PDN +6.5, ABC +2, SGP +5.5.

Gold is flatlining.

Flatlining? Beg Parden??