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#776 |
Ring of Famer
Join Date: Nov 2006
Posts: 5,805
Adopt-a-Bronco: None |
![]() Gold going down (3% as of this post) today is pretty much the last thing I expected...
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#777 | |
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Join Date: Sep 2002
Posts: 17,400
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Or they don't raise the debt ceiling and chaos starts to set in on our BS economy, stocks tank, and big investors move to gold and gold spikes. OR ak1971 is right and gold goes to 1,000 because congress fixes our economy I guess is his theory. |
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#778 | |
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Join Date: Sep 2002
Posts: 17,400
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![]() Fedyakin....Gold also reacted to the reduction in spending from the shut down. Now reality is setting in and the stock market is getting beat down, gold up. I don't worry about the short term reactions. It's the long term trends that matter and of course the bigger dips and valleys if you can see them to take profits or buy more.
Quote:
Now in a desperate attempt to stabilize the fiat market the fed leaks this out. Market might bounce a couple hundred points then they will start yapping taper talks again. It's all ****ing BS. TODAY The Federal Reserve should reduce the pace of its bond-buying only very slowly “over the next several years” to make sure that the economy is on track of solid growth and moderate inflation, a Fed official said on Wednesday. .http://www.marketwatch.com/story/tap...ren-2013-10-02 Last edited by Meck77; 10-02-2013 at 11:16 AM.. |
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#779 | |
uhhhh
Join Date: Oct 2003
Posts: 6,017
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#780 |
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Join Date: Sep 2002
Posts: 17,400
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![]() Gold is a hedge AK. Your prediction of gold 1k or 2k doesn't mean all that much. Your chart assumes someone who invested in March 2013 and the price today lost money. Sure if they bought in march and sold now.
From what I know of you and what you admit is that you like to get in and out of markets. That's all good. One could have done that with this chart also! Back to gold being a hedge or diversification tool. Today everything is getting pounded down almost 1% and gold is the only thing up 1%. One can play the paper market quickly and you can even buy/sell buillion if you want. I've purchased under priced physical and held/flipped. I welcome 1k gold or 2k gold. Really doesn't matter to my plan.... |
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#781 |
uhhhh
Join Date: Oct 2003
Posts: 6,017
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![]() Last edited by ak1971; 11-27-2013 at 08:33 PM.. |
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#782 |
Ring of Famer
Join Date: Oct 2003
Posts: 13,022
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![]() Finally, gold will finish the year lower than it started. It's the first time in 13 years. This thread was bound to be right one of these years.
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#783 | |
Ring of Famer
Join Date: Apr 2006
Posts: 17,532
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Of course, by the time you wake up to this -- it'll be too late (for you). MHG |
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#784 |
uhhhh
Join Date: Oct 2003
Posts: 6,017
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#785 | |
Hokie since 1993
Join Date: Apr 2001
Location: Denver, CO
Posts: 52,211
Adopt-a-Bronco: Tom Jackson |
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At 1800 an ounce...how much can the average person buy? About none...and certainly not enough to make it worth "investing" in gold. |
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#786 |
Hokie since 1993
Join Date: Apr 2001
Location: Denver, CO
Posts: 52,211
Adopt-a-Bronco: Tom Jackson |
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#787 |
Famer of Rings
Join Date: Oct 2004
Location: SoCal
Posts: 32,070
Adopt-a-Bronco: Simon Fletcher |
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#788 |
Just hanging out.
Join Date: Aug 2005
Location: Denver
Posts: 15,125
Adopt-a-Bronco: The Team |
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#789 |
Ring of Famer
Join Date: Nov 2006
Posts: 5,805
Adopt-a-Bronco: None |
![]() Almost 4 months in to Arkie's "challenge" and here are the results:
DOW: Up 9% NDQ: Up 14% S&P: Up 11% Gold: Down 10% Could easily have been the reverse, no doubt. Which is why what I said before I'll say again: Investment is NOT picking something (ESPECIALLY ONE THING) and hoping it goes up. Investment is a process of constantly evaluating all opportunities and working to maximize return and minimize risk. |
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#790 |
Ring of Famer
Join Date: Apr 2006
Posts: 17,532
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![]() The heavy hitter prophets of the OM have spoken.
Fortunately, I don't rely on the OM to understand the gold/silver market. Check out this latest interview with futurist Gerald Celente -- who is now making predictions about 2014... He makes a lot of sense to me. http://www.kingworldnews.com/kingwor...d_Celente.html |
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#791 | |
The OM's #1 Draft Pick
Join Date: Feb 2006
Posts: 36,515
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#792 | |
Just hanging out.
Join Date: Aug 2005
Location: Denver
Posts: 15,125
Adopt-a-Bronco: The Team |
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#793 |
The OM's #1 Draft Pick
Join Date: Feb 2006
Posts: 36,515
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#794 |
Just hanging out.
Join Date: Aug 2005
Location: Denver
Posts: 15,125
Adopt-a-Bronco: The Team |
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#795 |
Just hanging out.
Join Date: Aug 2005
Location: Denver
Posts: 15,125
Adopt-a-Bronco: The Team |
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#796 | |
uhhhh
Join Date: Oct 2003
Posts: 6,017
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![]() Quote:
Here's my picks for that challenge. FNMA up 150.82% (8/30) DZZ up 16.95% (9/20) not too shaby |
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#797 |
Ring of Famer
Join Date: Oct 2003
Posts: 13,022
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#798 |
uhhhh
Join Date: Oct 2003
Posts: 6,017
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![]() ![]() Just stopping into say hello. keep hedging gold , bit-coins or whatever else btw..did you see me front running the not too shabby comment? Last edited by ak1971; 03-08-2014 at 10:43 PM.. |
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#799 |
Just hanging out.
Join Date: Aug 2005
Location: Denver
Posts: 15,125
Adopt-a-Bronco: The Team |
![]() Time to buy, hold or sell?
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#800 |
Ring of Famer
Join Date: Apr 2006
Posts: 17,532
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![]() Time to hold your position. If you have extra cash -- buy buy buy.
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