16-10-2009, 10:40 AM
(This post was last modified: 16-10-2009, 11:28 AM by Peter Presland.)
David
I'm really just a spectator too. My trading activity focuses on intra-day price movements and, like I said before, they are becoming ever more unpredictable (on the measures I've become used too anyway) and I'm close to quitting.
I still have trouble factoring in the vast quantities of the black stuff. Were it not for its existence, I too would be a 'Gold Bug'. As it is I know that to invest in gold is to bet against the entire Central Banking Cartel which is arguably foolhardy, even discounting the possibility that it just may have the mother of all wild-cards up its sleeve. They may be crooks, but they're not fools and from where I'm sitting they still appear determined to stay in control of the PM's market. That's not to say that many of their functionaries (ie the bullion banks that may or may not enjoy certain stop-loss-type guarantees and other privileged arrangement) are not under severe pressure though - and certainly all those who have made a merry living riding their coat tails this past 25 years or so.
Anyway, the price could still near double and not beat the 1980's inflation adjusted record, so my best guess is that something like that is probably what will happen, before a dramatic collapse back to somewhere near where we are now. A dislocation event in other words, that will serve the purpose of all such events, namely to screw the unwary and put the object of the speculation back where it belongs - in the pockets of the cartel and its friends.
I'm really just a spectator too. My trading activity focuses on intra-day price movements and, like I said before, they are becoming ever more unpredictable (on the measures I've become used too anyway) and I'm close to quitting.
I still have trouble factoring in the vast quantities of the black stuff. Were it not for its existence, I too would be a 'Gold Bug'. As it is I know that to invest in gold is to bet against the entire Central Banking Cartel which is arguably foolhardy, even discounting the possibility that it just may have the mother of all wild-cards up its sleeve. They may be crooks, but they're not fools and from where I'm sitting they still appear determined to stay in control of the PM's market. That's not to say that many of their functionaries (ie the bullion banks that may or may not enjoy certain stop-loss-type guarantees and other privileged arrangement) are not under severe pressure though - and certainly all those who have made a merry living riding their coat tails this past 25 years or so.
Anyway, the price could still near double and not beat the 1980's inflation adjusted record, so my best guess is that something like that is probably what will happen, before a dramatic collapse back to somewhere near where we are now. A dislocation event in other words, that will serve the purpose of all such events, namely to screw the unwary and put the object of the speculation back where it belongs - in the pockets of the cartel and its friends.
Peter Presland
".....there is something far worse than Nazism, and that is the hubris of the Anglo-American fraternities, whose routine is to incite indigenous monsters to war, and steer the pandemonium to further their imperial aims"
Guido Preparata. Preface to 'Conjuring Hitler'[size=12][size=12]
"Never believe anything until it has been officially denied"
Claud Cockburn
[/SIZE][/SIZE]
".....there is something far worse than Nazism, and that is the hubris of the Anglo-American fraternities, whose routine is to incite indigenous monsters to war, and steer the pandemonium to further their imperial aims"
Guido Preparata. Preface to 'Conjuring Hitler'[size=12][size=12]
"Never believe anything until it has been officially denied"
Claud Cockburn
[/SIZE][/SIZE]