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#1 |
Hokie since 1993
Join Date: Apr 2001
Location: Denver, CO
Posts: 52,188
Adopt-a-Bronco: Tom Jackson |
![]() It's over bought and over priced and the bubble will burst.
Carry on. ![]() |
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#2 |
Ring of Famer
Join Date: May 2001
Posts: 5,361
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![]() 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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#3 |
Partisan
Join Date: Jan 2003
Location: Trumpville (like Potterville, but stupider)
Posts: 73,703
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![]() When I first read this I thought it said "Golf is now a bad investment."
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#4 |
Perennial Pro-bowler
Join Date: May 2006
Posts: 879
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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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#5 |
lost in the ether
Join Date: Jan 2003
Location: The 'cuse
Posts: 5,893
Adopt-a-Bronco: Your mom |
![]() 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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#6 |
Perennial Pro-bowler
Join Date: May 2006
Posts: 879
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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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#7 | |
Hokie since 1993
Join Date: Apr 2001
Location: Denver, CO
Posts: 52,188
Adopt-a-Bronco: Tom Jackson |
![]() Quote:
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#8 |
"Hoodie Jr"
Join Date: Jul 2001
Location: Hot Springs, Ouachitah
Posts: 76,807
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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 01:53 PM.. |
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#9 |
Hokie since 1993
Join Date: Apr 2001
Location: Denver, CO
Posts: 52,188
Adopt-a-Bronco: Tom Jackson |
![]() 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 02:42 PM.. |
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#10 |
"Hoodie Jr"
Join Date: Jul 2001
Location: Hot Springs, Ouachitah
Posts: 76,807
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![]() Alot of ARMs reset next month in commercial paper,AND resdential.
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#11 |
lost in the ether
Join Date: Jan 2003
Location: The 'cuse
Posts: 5,893
Adopt-a-Bronco: Your mom |
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#12 |
Ring of Famer
Join Date: Oct 2003
Posts: 12,990
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![]() I think the dow had a six month rally that topped at 9830.
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#13 |
Ring of Famer
Join Date: Apr 2006
Posts: 17,465
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![]() the gold bubble?
You must be an idiot. |
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#14 |
Headmaster
Join Date: Apr 2001
Location: in the present moment
Posts: 69,057
Adopt-a-Bronco: Leo-TailGateNut |
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#15 |
Partisan
Join Date: Jan 2003
Location: Trumpville (like Potterville, but stupider)
Posts: 73,703
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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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#16 |
Ring of Famer
Join Date: Oct 2003
Posts: 12,990
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![]() Gold's been over $1,040 for 27 hours now.
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#17 |
Hokie since 1993
Join Date: Apr 2001
Location: Denver, CO
Posts: 52,188
Adopt-a-Bronco: Tom Jackson |
![]() 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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#18 |
Hokie since 1993
Join Date: Apr 2001
Location: Denver, CO
Posts: 52,188
Adopt-a-Bronco: Tom Jackson |
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#19 |
Ring of Famer
Join Date: Oct 2003
Posts: 12,990
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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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#20 |
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Join Date: Sep 2002
Posts: 17,397
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#21 | |
A verbis ad verbera
Join Date: Mar 2006
Posts: 39,063
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![]() Quote:
Gold won't go much higher and will stay around 1000. |
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#22 |
Don't Argue With Me
Join Date: Jan 2004
Location: Austin, TX
Posts: 5,013
Adopt-a-Bronco: Darris Nash |
![]() Ian Gold? I agree. Bad value.
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#23 |
Headmaster
Join Date: Apr 2001
Location: in the present moment
Posts: 69,057
Adopt-a-Bronco: Leo-TailGateNut |
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#24 |
A verbis ad verbera
Join Date: Mar 2006
Posts: 39,063
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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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#25 |
Hokie since 1993
Join Date: Apr 2001
Location: Denver, CO
Posts: 52,188
Adopt-a-Bronco: Tom Jackson |
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