haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Actually, not sure if trading has stopped everywhere. It should have, but the website I looked at shows a continued fall to -85 or more. Bloomberg shows New York trading ending down around $78.
To me, very interesting. Supposedly the value of gold should up as more money is being printed, and more money is being printed everywhere in the world today, and this is not at all likely to stop. So what does gold do? It goes down.
Read a jeff Gundlach presentation where he was asked if the bond market might be about to break. His opinion was -no way. He said Bernanke is more likely to buy every bond in existence than to sell one bond, though he might do some headfakes.
Benny can suppress interest rates since he is de facto the market. But I don't see how he can prevent inflation of assets and/or commodities, and eventually wages and consumer prices.
There is undoubtedly a limit somewhere, and he will very likely find it. Next question, can we have inflation without gold responding? I would say yes, there is no automatic of inflexible link between various forms of inflation, and the price of gold. As a pure commodity gold is likely overpriced today, no matter that it is very pretty, in fact very beautiful.
But there are also reasons to think that though there is no automatic link between gold and inflation, there is a likelihood of response. Even nation states have not quit on gold; Germany recently brought back all of its gold stored in France, and part of what was stored in the Federal Reserve.
I plan to make some more investments in gold miners. I bought some today, and I already have a loss but I think in time it will prove to be a not half bad idea.
Ha
To me, very interesting. Supposedly the value of gold should up as more money is being printed, and more money is being printed everywhere in the world today, and this is not at all likely to stop. So what does gold do? It goes down.
Read a jeff Gundlach presentation where he was asked if the bond market might be about to break. His opinion was -no way. He said Bernanke is more likely to buy every bond in existence than to sell one bond, though he might do some headfakes.
Benny can suppress interest rates since he is de facto the market. But I don't see how he can prevent inflation of assets and/or commodities, and eventually wages and consumer prices.
There is undoubtedly a limit somewhere, and he will very likely find it. Next question, can we have inflation without gold responding? I would say yes, there is no automatic of inflexible link between various forms of inflation, and the price of gold. As a pure commodity gold is likely overpriced today, no matter that it is very pretty, in fact very beautiful.
But there are also reasons to think that though there is no automatic link between gold and inflation, there is a likelihood of response. Even nation states have not quit on gold; Germany recently brought back all of its gold stored in France, and part of what was stored in the Federal Reserve.
I plan to make some more investments in gold miners. I bought some today, and I already have a loss but I think in time it will prove to be a not half bad idea.
Ha