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 Replies: 52 / Views: 4,482 |
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Pillar of the Community
United States
3670 Posts |
They just said gold and silver tells the story with a 5% silver gain and gold is up over 20 bucks. Post repoters also noted the energy markets where not effected much at all.... What does vague mean, how about this and this may not be exact but close enough..."We will address the economy with policy's we have put in place." I don't know about you guys, but after hearing that quote above, I will sleep like a baby tonight, rof  .... Edited by Silverhawk74
04/27/2011 3:24 pm
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Pillar of the Community
Canada
1733 Posts |
47.37 already... not at all unexpected.
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Valued Member
United States
310 Posts |
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Pillar of the Community
United States
4897 Posts |
Yeah...I don't get it. Now I'm not much of a conspiracy nut...but why does it seem like they are trying to devalue the dollar?
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Valued Member
United States
314 Posts |
I knew we had just seen consolidation. Been calling that for a few days.
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New Member
United States
23 Posts |
WTG if you bought the dip Monday or Tuesday. I was only able to secure around 20 oz. of silver but every little bit helps.
Mr. Bernanke is very desperate to be finally giving his first press conference, essentially to reassure the public. Stocks are up because the Fed has basically reassured the banks and big traders that the good times will continue, at least until June. So I expect the markets to climb for another month. If you think the economy has recovered and unemployment is 9% and falling and inflation is 2%, then the end of QE2 is a good thing. If however you'll agree that real unemployment is in the upper teens and inflation is around 9% then no QE3 means the end of the illusion for markets. The former view controls the stock market. The latter view controls the PMs. Hence both are up on the expectation of no QE3. Notice the dollar was about the only thing that was down after the conference.
I also noticed how he looked down at the podium a lot, when saying the most reassuring things. Especially at the very end of the conference, when he said that the "U.S. will continue to be a leading world economy as the recovery continues."
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Pillar of the Community
United States
3670 Posts |
He was watching a live feed of oil, gold, and silver price, hence all that looking down....
Edited by Silverhawk74
04/27/2011 4:10 pm
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Pillar of the Community
United States
3670 Posts |
One of the experts debating post here said...."The reason for silver and gold going through the roof could be world hoarding", esp in third world country's and China, instead of the dollar. I say come on, the hoarding must be a factor, but the dollar going down is the number one factor IMO. Just look at the line chart from 2008, via a crossing of the lines....
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Pillar of the Community
Australia
2830 Posts |
quote: "why does it seem like they are trying to devalue the dollar?"
- maybe because they beleive that by exerting some influence over the process, they can ameliorate the outcome.
A bit like the difference between being pushed off a cliff with a parachute; or without: you end up in the same place; but one journey is a lot less traumatic than the other.
Continuous deficit financing; funded by printing too many greenbacks; are the real culprits.
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Pillar of the Community
United States
4897 Posts |
@Peter..yeah but how can forced devaluation help the situation if the outcome is the same? Continuation of QE2 only increases defecit spending and printing of more worthless currency. I, for the first time in my life, am honestly worried about the threat of hyperinflation. What they are calling slow growth over the last quarter more resemlbes stagflation...IMO
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Pillar of the Community
United States
1064 Posts |
Agreed, we need less talk of inflation, deflation, hyperinflation - we need some plain old flation. My favorite is when they say infaltion has not gone up, if you discount energy & food. DUH...
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Pillar of the Community
United States
3670 Posts |
Great, hyperinflation which means a 50 trillion dollar loaf of bread, and a guy selling 300 dollar a gallon gas from a plastic jug on the side of the road....
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Pillar of the Community
United States
1450 Posts |
Gold at $1528 and silver at $48.50,I hope Benny does a news conference every week. Two reasons they want to devalue the dollar,1-increases exports because our goods are cheaper so more are sold, that is why you really have to look at all of these earnings reports with a bit of cynicism,yes,profits are up but they are up as a result of folks in other countries buying our cheap goods,not because our economy is improving and more Americans are buying those goods. 2-You can pay debt off with dollars that are worth less(and just about worthless)so it costs you substantially less. Problem with reason 2 is the people holding the debt get ticked off and declare war on you for your resources.
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Pillar of the Community
United States
4008 Posts |
Quote:
When they ask him a question, his endless circles of gibberish responses puts me in a catatonic state, in which case I feel sleepy and don't absorb anything he says. Could having this ability be the key to acquiring this guys job, if one should so want that mess to deal with - Silverhawk Actually, I find Bernanke a paragon of clarity compared to his predecessor.  |
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Pillar of the Community
United States
4008 Posts |
Quote:
It is still my opinion that this is a bubble. The bubble is propped up by near zero Fed rate. Since they will continue this through the summer, watch the bubble to increase through the same.
But it WILL pop. There are only two options, PM's pop dramatically, or US Dollar crashes completely. One or the other WILL happen. The Dollar is a lot harder to allow to crash, so PM prices will fall dramatically eventually. - Rjkingston I can see where some might think this but let's consider what makes a bubble. A bubble is when prices become disconnected from a true and reasonable value for something. Think Internet stocks in the late 1990s and early 2000s... or housing in 2004-2007. In both cases, the fundamentals could not support the ultra high prices that were then in effect. With silver, on the other hand, we do not see prices that are disconnected from the fundamentals of production or demand. Silver prices are high because the dollar is in free-fall and because world demand for silver is close to if not exceeding world production. Conditions like this always cause prices to rise. I agree that all bubbles go POP! at some point but do not agree that silver is in that condition. The dollar, however, IS in a bubble. It has dropped a lot but nowhere near where it belongs thanks to over-printing of our currency and massive debt loading. If we lose the US AAA credit rating or the world reserve currency status, look out below for the dollar and for PM prices to rocket upwards! |
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Replies: 52 / Views: 4,482 |
First Page
Posted 04/27/2011 3:23 pm
