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Old 09-30-2009, 12:03 PM   #1
Garcia Bronco
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Default Gold is now a bad investment.

It's over bought and over priced and the bubble will burst.

Carry on.
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Old 09-30-2009, 12:10 PM   #2
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Quote:
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It's over bought and over priced and the bubble will burst.

Carry on.
Where are we today anyway? I dont doubt we will pull back a few times, as it goes upward but the trend will be up until we get spending under control. Do we have spending under control? Nope.
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Old 09-30-2009, 12:21 PM   #3
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When I first read this I thought it said "Golf is now a bad investment."
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Old 09-30-2009, 01:07 PM   #4
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Golf is a bad investment? Yep that pretty much sums it up for my game. and yet I play anyway? Hmm an analogy of today's US
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Old 09-30-2009, 01:58 PM   #5
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I was thinking the same thing, Garcia.

Gold fluctuates with the dollar. Ie, the dollar goes down, gold goes up.

I read that 90+ percent of investors expect the dollar to go down... usually when everyone lines up on side of the issue, it goes the other way.

Now, I dont think Gold is done for good. I think its just overpriced for right now. With the govt cranking out fiat currency by the tons, I think the long term for gold is good.
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Old 09-30-2009, 02:15 PM   #6
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The gold standard...on of these days someone in this nation within the Treasury dept will realize what it means
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Old 09-30-2009, 02:36 PM   #7
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Quote:
Originally Posted by loborugger View Post
I was thinking the same thing, Garcia.

Gold fluctuates with the dollar. Ie, the dollar goes down, gold goes up.

I read that 90+ percent of investors expect the dollar to go down... usually when everyone lines up on side of the issue, it goes the other way.

Now, I dont think Gold is done for good. I think its just overpriced for right now. With the govt cranking out fiat currency by the tons, I think the long term for gold is good.
I think Gold will go back down.
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Old 09-30-2009, 02:47 PM   #8
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this is a false rally in stocks.

The market will test 6000 again.

Last edited by watermock; 09-30-2009 at 02:53 PM..
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Old 09-30-2009, 03:32 PM   #9
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Quote:
Originally Posted by watermock View Post
this is a false rally in stocks.

The market will test 6000 again.
A rally is something that happens over a short period of time which I woudl call a month. We've had over a quarter. It can go down at any time. But I think we are past the point of a "rally"

Last edited by Garcia Bronco; 09-30-2009 at 03:42 PM..
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Old 09-30-2009, 04:30 PM   #10
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Alot of ARMs reset next month in commercial paper,AND resdential.
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Old 09-30-2009, 05:52 PM   #11
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I think Gold will go back down.
What do you think it will get down to?

And what do you base that on?
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Old 10-03-2009, 10:50 PM   #12
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I think the dow had a six month rally that topped at 9830.
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Old 10-05-2009, 09:19 PM   #13
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the gold bubble?

You must be an idiot.
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Old 10-05-2009, 11:05 PM   #14
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Quote:
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It's over bought and over priced and the bubble will burst.

Carry on.
Boy are you in for a surprise in the near future.
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Old 10-06-2009, 08:38 AM   #15
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Read about all the nations that are ready to dump the dollar and switch to gold. I'm guessing gold goes through the roof. Wish I had some money to buy some.
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Old 10-07-2009, 03:32 PM   #16
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Gold's been over $1,040 for 27 hours now.
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Old 10-07-2009, 03:37 PM   #17
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It's going to burst and it's over inflated just like any object. Now if you got in 5 years ago...great, but it's not going to 2000's an ounce. It's no different than oil speculation. Just watch.
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Old 10-07-2009, 04:03 PM   #18
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Quote:
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What do you think it will get down to?

And what do you base that on?
I think you'll see it go down to 750. It's at an all time high and unless something is fixing the market....it has to go back down.
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Old 10-07-2009, 04:05 PM   #19
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We're not even halfway to gold's peak in real terms if you look at the cycle. Think about selling when it's over $2,000.
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Old 10-07-2009, 09:54 PM   #20
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Great site to find physical gold in any city USA...

http://www.coininfo.com/coin_dealers/
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Old 10-07-2009, 10:34 PM   #21
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We're not even halfway to gold's peak in real terms if you look at the cycle. Think about selling when it's over $2,000.
When will that be 2030? Certainly you don't expect a 100% increase do you? I mean anytime soon?

Gold won't go much higher and will stay around 1000.
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Old 10-07-2009, 11:05 PM   #22
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Ian Gold? I agree. Bad value.
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Old 10-08-2009, 01:18 AM   #23
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I think you'll see it go down to 750. It's at an all time high and unless something is fixing the market....it has to go back down.
I like you Garcia but I gotta tell ya you are mistaken so very often on this forum.
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Old 10-08-2009, 03:43 AM   #24
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It wont sink to 750.00 I think it will continue to go above 1000, then down to say 900, then back up.

IMO predicting 2000 is a huge reach.
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Old 10-08-2009, 06:06 AM   #25
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Quote:
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I like you Garcia but I gotta tell ya you are mistaken so very often on this forum.
Not often at all. It's a commodity just like oil. And it'll burst just like oil. So if you are getting now you'll lose money.
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