What Do You Think Is Going To Happen Next?

Thanks, Thunder. What I want is one of those TVs that George Burns had that allowed him to "tune in" to everyone around him. Imagine what we'd see and hear if we tuned into the "private" conversations at the Congress, Fed, and White House!

Thanks, Hawk. I don't know a lot about ebay but I can well imagine that train jumping the tracks in an O-S situation. At times like that, it might be MUCH better to sell PMs locally... and bring a few armed friends for backup.



There have been enough times when the economy was doing one thing and PMs were doing something completely different that I tend to think of them as being completely different markets. Each to their own, I suppose.

I don't know that is why I don't bet the entire farm on PM's.

I bet it would sound something like, "Gotta get re-elected. Gotta get re-elected. Gotta get re-elected."

Gold is getting the expected correction. What is the level that you would add multiple ounces to your holdings? I am thinking at $1550 I would pick up about three ounces. Speculators are bailing out.

With all the mechanical trading going on these days, I don't see how anyone can keep track of the ups and downs. Not to mention all the 'experts' and their various opinions of what's going on. "It's a correction, it's a crash, it will go down to $1500, it will go up to $2000". It's dizzying!

A wise decision in any case. Diversification is one of the few ways to protect our assets from sudden market corrections. In most cases, there will be some ups and some downs that help moderate what is happening. Only in some very rare cases, such as in 2008, do we see everything go up or down at the same time.



No doubt... but the interesting part would be the conniving, bribery, and outright back-stabbery that would be going on at the same time!



That's just it, Jack... we can't. The best analogy I've heard on this lately is that "the small investor is like a boxer who has been punched in the head too many times". We're still on our feet but are dizzy and sick. We've been hit so many times and from so many different directions that we do not know where the next blow is coming from. Many of us have left the market in the hope that it will settle down at some point and become at least semi-understandable. No luck so far, though.

A lot will hinge on the Jackson Hole commentary this week. Much is expected from Bernanke and the recent stock rally shows that many of the traders and speculators are thinking that QE3, in one form or another, is coming and will be announced on Friday. If it is, there will be a big rally in the soon-to-be-inflated paper products markets and PMs will take a big hit. If not, then the reverse will occur. I have no idea which way it will go. Pessimists see QE3 coming and optimists see an improving economy that does not need any additional boost from the Fed. I must be somewhere in between those but am perhaps leaning slightly towards pessimism.

The economy is much like a game of chess or painting yourself into a corner. A series of bad moves mean severe cutbacks like haven't been seen by at least two generations (losing the queen and a rook), or finding yourself in a series of checks and eventual mate.

Yes, they did... and so did a lot of stocks. The problem with this is that the paper assets responded to an artificial stimulus by rising to absorb the huge amount of money injected into the economy. Once that stimulus ended, so did the market gains. In fact, the market could not sustain the level to which it had risen and fell back nearly 2000 points.



Yes, it is. But it also has elements of roulette and poker.