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Gold is now a bad investment.

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  • Gold is now a bad investment.

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

    Carry on.

  • #2
    Originally posted by Garcia Bronco View Post
    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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    • #3
      When I first read this I thought it said "Golf is now a bad investment."

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      • #4
        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
          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
            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
              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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              • #8
                this is a false rally in stocks.

                The market will test 6000 again.
                Last edited by watermock; 09-30-2009, 01:53 PM.

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                • #9
                  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, 02:42 PM.

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                  • #10
                    Alot of ARMs reset next month in commercial paper,AND resdential.

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                    • #11
                      Originally posted by Garcia Bronco View Post
                      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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                      • #12
                        I think the dow had a six month rally that topped at 9830.

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                        • #13
                          the gold bubble?

                          You must be an idiot.

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                          • #14
                            Originally posted by Garcia Bronco View Post
                            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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                            • #15
                              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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