GOLD, HOUSING, AND THE INVERTED YIELD CURVE | |
Shadow
User ID: 167681 Canada 02/17/2007 01:05 PM Report Abusive Post Report Copyright Violation | According to recently updated IMF reserves statistics, some central banks have begun purchasing significant quantities of gold over the past few months, in stark contrast to the most recent figures available to the market, says Donald W. Doyle, Chairman and CEO of Blanchard and Co. Inc. [link to www.gata.org] Good call Inanna. Over the side and damn the barracuda |
Inanna of Sumeria
(OP) User ID: 196798 United States 02/17/2007 01:11 PM Report Abusive Post Report Copyright Violation | According to recently updated IMF reserves statistics, some central banks have begun purchasing significant quantities of gold over the past few months, in stark contrast to the most recent figures available to the market, says Donald W. Doyle, Chairman and CEO of Blanchard and Co. Inc. Quoting: Shadow[link to www.gata.org] Good call Inanna. Yours too. IMF is fudging at the moment. They want to sell at highest profit to clear red ink, if at all. I work with a former IMF geek. |
Juanwhoknows
User ID: 197128 United States 02/17/2007 01:49 PM Report Abusive Post Report Copyright Violation | "It simply tells us that something wicked this way comes." Wicked indeed. Would the moron that gave this thread one star get a head start by getting in line at the soup kitchen now! "One can evade reality, but one cannot evade the consequences of evading reality." --- Ayn Rand |
Inanna of Sumeria
(OP) User ID: 196798 United States 02/17/2007 02:01 PM Report Abusive Post Report Copyright Violation | "It simply tells us that something wicked this way comes." Quoting: JuanwhoknowsWicked indeed. Would the moron that gave this thread one star get a head start by getting in line at the soup kitchen now! Hi Juan (nice avatar by the way), I also noticed that 'One Star Bandit' must be roaming the boards today. |
F.B. Nyte User ID: 197108 United States 02/17/2007 02:15 PM Report Abusive Post Report Copyright Violation | According to recently updated IMF reserves statistics, some central banks have begun purchasing significant quantities of gold over the past few months, in stark contrast to the most recent figures available to the market, says Donald W. Doyle, Chairman and CEO of Blanchard and Co. Inc. Quoting: Shadow[link to www.gata.org] Good call Inanna. hello Inanna and Shadow, Consider this from the IMF also just in: Gold sales hit record $65.3bn ByChris Flood Published: February 15 2007 13:30 | Last updated: February 15 2007 21:58 Gold sales jumped 22.4 per cent to a record $65.3bn last year in spite of a 10 per cent fall in demand in tonnage terms, according to the World Gold Council, which released its fourth-quarter report on the market on Thursday. Ask the expert: Gold James Burton, World Gold Council CEO, answers your questions Last year, price volatility affected the jewellery market, particularly in the first half, but the volume of both investment and industrial demand rose in 2006. Rapid growth in the popularity of gold exchange traded funds means that ETFs have become the main driver of investment demand growth. The launch of several new gold exchange traded funds helped inflows into ETFs rise by 27 per cent, to 265 tonnes, last year. At the end of last year, total gold stocks held by ETFs and other similar funds amounted to 652.5 tonnes, worth around $13.3bn. The rest here: [link to www.ft.com] Looks like next week it will be interesting to see if gold can make it above $670. |
Shadow
User ID: 167681 Canada 02/17/2007 02:23 PM Report Abusive Post Report Copyright Violation | |
F.B. Nyte User ID: 197108 United States 02/17/2007 02:39 PM Report Abusive Post Report Copyright Violation | |
Inanna of Sumeria
(OP) User ID: 196798 United States 02/17/2007 02:50 PM Report Abusive Post Report Copyright Violation | |
Shadow
User ID: 167681 Canada 02/17/2007 02:54 PM Report Abusive Post Report Copyright Violation | |
Shadow
User ID: 167681 Canada 02/17/2007 02:58 PM Report Abusive Post Report Copyright Violation | [link to www.kitco.com] March 2003 gold dropped, didn't plunge though. Over the side and damn the barracuda |
Inanna of Sumeria
(OP) User ID: 196798 United States 02/17/2007 03:17 PM Report Abusive Post Report Copyright Violation | Quoting: Shadow Oil, on the otherhand, also dropped in April 2003, but has trended upward since mid-2003. [link to www.ioga.com] Iraq and geopolitcs were very different at that time. The thinking was, Iraq submission would calm Oil prices. Beknownst to most, the North Korean and Iranian nuke card came into play. Iran is second to Saudi's in oil production/resources, but both are falling quickly behind Russia. This time, Oil will blow past $100 a barrel, quickly. But only a few bucks (maybe 10-20) just before. |
Juanwhoknows
User ID: 197128 United States 02/17/2007 04:51 PM Report Abusive Post Report Copyright Violation | "It simply tells us that something wicked this way comes." Quoting: Inanna of SumeriaWicked indeed. Would the moron that gave this thread one star get a head start by getting in line at the soup kitchen now! Hi Juan (nice avatar by the way), I also noticed that 'One Star Bandit' must be roaming the boards today. Thanks. I hope this doesn't come out wrong but are you long on PMs? "One can evade reality, but one cannot evade the consequences of evading reality." --- Ayn Rand |
F.B. Nyte User ID: 197108 United States 02/17/2007 05:05 PM Report Abusive Post Report Copyright Violation | Shadow, the vidio at the following link is rather long (1.75 hours) but I just finised watching it. It gives insight to who TPTB are, their agenda, and why there are wars. With all the other factors pointed out on this vidio, could be that we could see a war with Iran. If so, the economy will surely tank and gold would be a good thing to have, IMHO. [link to video.google.com] |
F.B.Nyte User ID: 197108 United States 02/17/2007 05:12 PM Report Abusive Post Report Copyright Violation | Inanna, you said, "Oil, on the otherhand, also dropped in April 2003, but has trended upward since mid-2003." This could be more indicative of war than the price of PMs. Iraq was producing oil and if the price goes down, Iraq has less income to finance a war. Right now, oil is well off its highs, and since Iran derives 70% of it's GDP from oil. In other words, they too are being deprived of finances. Maybe only to deprive the masses of that country a piece of the pie to cause an uprising. So is the price of oil being manipulated too?? Got to go for now, Be back later. |
Inanna of Sumeria
(OP) User ID: 196798 United States 02/17/2007 05:17 PM Report Abusive Post Report Copyright Violation | |
Inanna of Sumeria
(OP) User ID: 196798 United States 02/17/2007 05:30 PM Report Abusive Post Report Copyright Violation | Inanna, you said, "Oil, on the otherhand, also dropped in April 2003, but has trended upward since mid-2003." Quoting: F.B.Nyte 197108This could be more indicative of war than the price of PMs. Iraq was producing oil and if the price goes down, Iraq has less income to finance a war. Right now, oil is well off its highs, and since Iran derives 70% of it's GDP from oil. In other words, they too are being deprived of finances. Maybe only to deprive the masses of that country a piece of the pie to cause an uprising. So is the price of oil being manipulated too?? Got to go for now, Be back later. Hi FB. Lot of intertwined questions there... From Jan 03 to March 03, Oil was up by 30+% relative to its PPB at that time, a nice return (Fear Premium). Then it dropped a little after the invasion. And now, despite that oil is off it's 'high', it is still, as of today, %100 return from the Feb 03 PPB [link to www.ioga.com] . The Oil price did drop prior to the elections and during the warmer that average late Nov 06 thru early Jan 07 weather. But not that much of a dent to Iran at all (despite their huge economic issues - welfare state induced trance). Now, get down to $30 PPB is another story. Although Russia is now playing a roll in supply they never played before to offset, but they both lack refining capacity. Not totally convinced that Oil is being manipulated to 'precisely' match desired effects as would be required in a global market. Price Manipulation info.. [link to www.theoildrum.com] On PM's, you know the story. Particularly Gold, is now running on a life of its own, not always reacting lock and stef to its usual friends or foes. |
Juanwhoknows
User ID: 197292 United States 02/17/2007 08:52 PM Report Abusive Post Report Copyright Violation | Although Russia is now playing a roll in supply they never played before to offset, but they both lack refining capacity. Quoting: Inanna of SumeriaOn PM's, you know the story. Particularly Gold, is now running on a life of its own, not always reacting lock and stef to its usual friends or foes. Quoting: Inanna of SumeriaRussia's development of its oil production capabilities increases supply. During times that the price of gold appears to be "coupled" to the price of crude one would think that with higher production, the price of crude would fall and gold would follow. However, when countries like Russia take their currency reserves generated by energy sales (oil and gas) and purchase gold reserves, as they have done in the past and are currently doing, there is a temporary decoupling of the price of gold from crude. They do tend to recouple on the upside in any event. "One can evade reality, but one cannot evade the consequences of evading reality." --- Ayn Rand |
paladin
User ID: 197522 United States 02/18/2007 10:58 AM Report Abusive Post Report Copyright Violation | hey all... BONDS ARE FORECASTING A 2007 RECESSION by Robert McHugh, Ph.D. February 17, 2007 [link to www.financialsense.com] (snip) Mortgage applications rose 1.5 percent in the latest reporting week. But those are apps. Let’s see how many loans close given the sub-prime lender problems and declining prices (appraisal values). There’s only one way out of this mess: sacrificing the dollar. A planned hyperinflation of the money supply and devaluation of the dollar will assure that markets rise in nominal prices, a necessity given the debt crisis that is looming. There is simply an imbalance between income and debt service, and if asset valuations are permitted to decline, the result will be economic chaos. There is no choice here for the Fed. They must print and get that money into as many consumer hands as possible. They must lift market prices higher — buy bonds (and ergo stimulate housing) and stocks; and raise cash for increased entitlement payments — put cash directly into the hands of consumers. The Fed must pretend to be inflation vigilant, while doubling the money supply. This is a magician’s act, a house of cards. Precious metals should benefit. <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< it looks like gold/silver is about to go to the moon... :smirking p: |
F.B. Nyte User ID: 197108 United States 02/18/2007 04:12 PM Report Abusive Post Report Copyright Violation | |
paladin
User ID: 198095 United States 02/19/2007 07:00 PM Report Abusive Post Report Copyright Violation | from the above post.. (snip) no choice here for the Fed. They must print and get that money into as many consumer hands as possible. They must lift market prices higher — buy bonds (and ergo stimulate housing) and stocks <<<<<<<<<<<<<<<<<<<<<<<< is this saying the FED will buy bonds and stocks?????? |
paladin User ID: 198095 United States 02/19/2007 08:04 PM Report Abusive Post Report Copyright Violation | |
paladin
User ID: 199061 United States 02/21/2007 07:31 PM Report Abusive Post Report Copyright Violation | this is what got me thinking.. Quoting: paladinfrom the above post.. (snip) no choice here for the Fed. They must print and get that money into as many consumer hands as possible. They must lift market prices higher — buy bonds (and ergo stimulate housing) and stocks <<<<<<<<<<<<<<<<<<<<<<<< is this saying the FED will buy bonds and stocks?????? gold is in a break out.. [link to www.rallymonkey.com] |
paladin
User ID: 199940 United States 02/23/2007 03:11 PM Report Abusive Post Report Copyright Violation | FIRST INFLATION THEN DEFLATION? - FINANCIAL CRASH by Christopher Laird PrudentSquirrel.com February 22, 2007 With gold up over $20 on Wed, it looks like $700 is around the corner. So then, if a big gold surge is around the corner, one may ask, what is a longer term prognosis for not only gold but financial markets? Answer: first inflation and then deflation. Right now, the world is inflating like mad. Money growth in most of the major world economies is near or exceeding 10% a year, and China is the biggie at 18% plus. That, combined with historically low interest rates is causing huge finance and asset bubbles. Central banks are way behind the inflation/interest rate curve right now, and are basically stuck in that rut because if any of them combat inflation by raising interest rates, they find their currencies strengthen, and lose market share. [link to www.financialsense.com] |
paladin
User ID: 207055 United States 03/10/2007 12:28 PM Report Abusive Post Report Copyright Violation | hey Inanna.. hey...all.. consider markets at 50 to 1 leverage .... this is a great read...by Mike Whitney [link to dissidentvoice.org] |
paladin
User ID: 207117 United States 03/10/2007 04:28 PM Report Abusive Post Report Copyright Violation | what stands out here is this,, For 2007 to date, yen carry trade loans invested in U.S. equities have had a negative return. GOLD THOUGHTS by Ned W. Schmidt, CFA, CEBS Schmidt Management Company THE VALUE VIEW GOLD REPORT Disciplined Analysis of Gold March 9, 2007 GOLD THOUGHTS: On Tuesday equity markets began a demonstration of long known fact, even a dead cat bounces when thrown into the air. Market corrections can certainly include days of temporary relief. A possible end to the correction is being called by some. More likely it is a bear market trap. Such commentators, having failed to anticipate end of liquidity driven rally, now have ability to identify bottoms. Real ability or expectational biases? Even Mark Hulbert, with his dubious analysis of newsletters, has suddenly been able to find statistics suggesting end of equity correction may be near. Common characteristic of these gurus is that they have something to sell you, something that failed to suggest extracting your money from paper equity markets before the slide. With economic momentum model now in negative territory, U.S. economy is entering a recession. Collapsing factory orders are simply further confirmation of inherent weakness in U.S. economy. And, the implosion of mortgage mountain is only in early stages. For some time the fantasy forecasters have contended that no one will be hurt by housing slide. Well folks, someone owns the $23+ billion debt of New Century Financial(NEW), and someone is going to pay a price for that ownership. NEW rose by more than 25% at one point on Tuesday. Is that a rational response or a dead cast bounce? With Japan in economic recovery and U.S. sliding into recession, a small bounce in the yen must be viewed as a transitory event. That giant elephant, the yen carry trade loans, has not suddenly disappeared one Tuesday morning never to be seen again. For 2007 to date, yen carry trade loans invested in U.S. equities have had a negative return. That kind of return does not pay the partners' salaries. Given the size of this elephant, the yen is going a lot higher over time. The real investment stories for the year will be the massive losses of hedge funds in mortgage debt and yen-to-equity trades. A good office pool might be on how many hedge funds disappear before year end as return attrition takes hold. Perhaps a good investment idea out of all this is to short or buy puts on WB. Market volatility always provides investment opportunities for those looking forward. In the past week, short-term buy signals have been triggered for US$Gold, CN$Gold, ЄGold, £Gold and the GDM. Latter is the index used to create the GDX, a Gold stock ETF trading on the Amex. If Hillary Clinton, not a practicing economist as far as we know, can understand the risk facing the U.S. dollar, the rest of us should be able to do so. Gold's sympathetic slide is an opportunity to invest in Gold before the super cycle pushes it to ultimately more than US$1,400. [link to www.financialsense.com] |