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 Replies: 22 / Views: 3,626 |
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Pillar of the Community
United States
1454 Posts |
http://finance.yahoo.com/news/goldm...1239829.htmlI don't know how many of you saw this but Goldman Sachs is telling their clients to short the S&P 500. My guess is that the banks are fanning the flames and beating the drums for yet another big stock market crash. Some of you will think that's great for a silver spike but it's just the opposite of what happened in 2008. Gold and silver plummeted in lockstep with the market and rose, at a slightly slower pace, when the market began it's great recovery in early 2009. Oil is also rapidly falling, and some (rather bearish) analysts think it will drop precipitously in the near future to less than half its current price, all due to a huge lack in world demand. As you know, when oil travels up or down, the dollar's movement will almost always be inversely proportional. If oil is truly barreling toward the butterfly-producing part of the roller-coaster ride... Couple a massive oil correction in the near future with the drama in Europe and you have all the ingredients for a major US currency explosion. As we've seen throughout history, silver also falls as the dollar rises. Everything points to a major silver drop on the edge of the event horizon. We have only witnessed its precursor, today, IMO. I'd hold off on any big PM purchases until the market sorts itself out.
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Bedrock of the Community
United States
36782 Posts |
I just avoid the stock market totally.
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Pillar of the Community
United States
3670 Posts |
Oil is droppin, gas is 3.05 a gallon here in early summer, freakin bizzaro world....
Craziness today. Go to work and leave the online connection, and silver and gold fall through the roof.....
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Pillar of the Community
 United States
1454 Posts |
Lucky man, Hawk. Gas just fell under $4, here. It's $3.96.
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Pillar of the Community
United States
3670 Posts |
One thing about living in the valley of south east T.N., one of the best economies and low cost of living in the country, do the research. No state tax, and many sell homes up north and get a home down here of equal value and have the other half to retire on, lol. We get people moving here from Florida, Cali, Michigan big time and mid west. Really a under the radar retirement area. Very short mild spring like winters last 20 years, minus last year. lakes, mountains for tsunami protection, etc.....
I can sell T.N.! Maybe I should get a job with the T.N., tourism commission, lol....
Edited by Silverhawk74
06/22/2012 12:00 am
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Pillar of the Community
Japan
666 Posts |
Hear what GS tells its clients and do the opposite.
works almost all the time
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Pillar of the Community
United States
4008 Posts |
Isn't G-S one of the banks that was telling its clients to invest heavily in real estate back in 2006-7 at the same time as they were buying derivatives that would only profit from a significant market decline? Seems to me that they were. Somehow I would have a VERY difficult time taking their word for much of anything after that.
As to the market itself, it is vastly different today than it was even a few years ago. It is much more difficult to use any kind of a buy and hold strategy now. This is a traders market and not an investors market. This means that money can be made but mostly via buying downtrodden stocks that have a reasonable chance of rising in the short term. Buy, hold for 2 months or less and then sell to realize your profit. Minimize your costs, choose your stocks wisely, and be nimble. Otherwise, it is like swimming with sharks... an endeavor that is likely to end badly.
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Valued Member
United States
272 Posts |
Gas is still over $4.30 a gallon up here, can't wait to get back to the lower 48!!
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Pillar of the Community
United States
863 Posts |
yea do opposite of what they say. by the time they get their message out to the public a new trend has already taken place and they have already jumped on it.
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Valued Member
Australia
216 Posts |
3 - 4 dollars a gallon.... And here in Oz we are paying $1.50 a liter. That is about $6 a gallon. Just more proof that Australia gets ripped off on prices on a regular basis.
Sorry, Rant over.
Edited by Peter S Thomas
06/24/2012 02:45 am
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Pillar of the Community
United States
3670 Posts |
Justified PST, as you fellows down under are paying twice what I am paying at now around 3.02 a gallon....
I scream that point all the time, bout how we got it so good here in the states, compared to areas from the UK, all the way across most of Europe and Asia, to China and Australia, where the average is anywhere from 5 to 7 bucks per gallon....
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Pillar of the Community
United States
4008 Posts |
Since most of the major oil and gas producers sell into the world markets, pricing differences among the various markets are usually do to taxes and to a smaller extent transportation costs. Gasoline and diesel fuel are very expensive in the UK now, for example, in spite of the fact that the UK is an oil producing country via its North Sea oil rigs. I would imagine that Australia is similar in this regard with both countries consuming more than they produce. Same for the US, where more oil is consumed than produced but gas production seems to be rising well beyond domestic consumption. I really like T. Boone Pickens idea of converting a substantial part of US transportation fuel to nat gas. LNG should make an abundant, reliable, and lower cost transportation fuel compared to oil.
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Pillar of the Community
United States
3294 Posts |
Gas might not be bad vehicle fuel except if you want it liquid, you need cryo temps so range will be more limited.
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Pillar of the Community
United States
808 Posts |
Natural gas looks really promising as a transportation fuel, especially now that home fueling is an option. The total price (nat gas consumed + electricity to run the compressor/pump) per gallon-equivalent is under $1.50USD.
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Valued Member
United States
362 Posts |
On a side note, I have been expecting cleaner energy sources to take off. Actually bought some stock in a nuclear company and its doing meh.... but I'm still expecting it to go up at some point lol.
But for all of y'all using the price of gas as some kind of comparison point, I would take that with a grain of salt. Gas and oil has to be one of the highest manually fluctuated things out there. So many people and organizations control the price of gas, more so then simply supply and demand. I would even say much more so then gold and silver!
Edited by ICanSeeYou7687
06/24/2012 11:35 pm
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Pillar of the Community
United States
863 Posts |
Nat gas is not as promising as many think. It takes a lot of water to make it and in water will one day be in short supply
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Replies: 22 / Views: 3,626 |
Posted 06/21/2012 7:58 pm
