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Originally Posted by Big Ben
(Post 17781821)
You have to factor into the equation other indexes in order to get the more accurate picture of where the things are going to move.
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Please explain what you mean. What other indexes?
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Only the people that have the inside knowledge, research institutes, etc. have the ability to predicts where the trend is going to move. I know of one guy, his name is Port Stanberry, hes a director of a financial research firm. When the price of gold was $500 he said it would reach $2000. Everyone ridiculed and laughed at him saying what a crack pot. Now the price is $1400 and 2k doesn't seem too far fetched now. Isn't it?
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Like you? Do you have any thoughts of your own or do you always appeal to other "authorities"? I've never heard of Port Cranberry, not that that means anything.
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Gold price is easy to estimate and it's based on how much money the fed is going to print. Now this guy says that the price of gold is going to have to reach 10k to only balance itself for the money the fed already printed.
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Thanks for the sell signal.
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Now it's without taking into account what the fed is going to do next. Now they plan QE2 (quantitative easing 2), what simply means that they going to print another round of money from the air.
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QE2 already happened, moron. The FED bought 600b T-bonds. And it doesn't mean what you think it means. What's that you say about financial education?
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Now if the fed is going to continue with the same politics of money supply increase. What we can actually see is the gold jumping to 20k, 40, 50k it's a real possibility in that situation. This only depends on how much times they are going to press the 0 number after the 1 when they decide on the sum of liquidity to add to the economy.
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Gold going to $20-50k an ounce? Now I've heard some crazy shit, but this takes the cake.
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You can watch Port Stanberry's latest presentation about what is going to happen here:
http://www.endofamerica3.com
he mainly talks about the fact of US dollar being a reserve currency of the world and what will it mean when US loose that status. Only this one thing will cause a total shake up in the financial affairs in the United States.
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If I wanted to be bukkakeed with idiocy, I'd click the link. Thanks, but no thanks.
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Not directed against you personally but I hate when people assume a lazy pose with their head in the sand:moon and start to shoot accusations:karaoke from their butt in every direction without even a simple basis for their argument's. This indicates of a massive ignorance.
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Were you looking in the mirror when you said this? :1orglaugh
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