bowman711

http://seekingalpha.com/user/91381/c...

Sun Nov 16th 11:40 AM | Rating: 0 0
Commented on:
Credit Markets and the Price of Gold
If the government wanted all those 'zillions' of dollars to benefit the economy, they should have put it into massive public works system infrastructure projects. Instead, it was mainly used to bail out Paulson's and Bernake's friends on Wall Street. This should give some idea where the Government's priorities lie.

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Gold Bugs Beware
For a decidedly contrasting viewpoint on gold, read: www.moneyandmarkets.co...

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U.S. Mint Makes Drastic Cuts to Its Collector Gold & Platinum Coin Offerings
For a contrasting opinion on gold and a possible new monetary system, see: www.moneyandmarkets.co...

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U.S. Mint Makes Drastic Cuts to Its Collector Gold & Platinum Coin Offerings
Is the pricing method different for silver? If not, why aren't they discontinuing the sale of silver coins? This looks to me like one other clue that the Government is getting ready to outlaw the private ownership of gold.

Consider: I submit that the new 'Bretton Woods' summit starting this weekend is planning to start the process to back a new world currency with gold. Now, more and more articles are saying much the same thing. If so, where is that gold going to come from?


Then, Joe Biden came out with his statement that early in the Obama administration there would be a huge crisis, and the actions they take would be unpopular with the people, but that they should bear with the administration. I contended that what this crisis would be a default of the American dollar and the switch to a new, gold-backed world 'dollar.'


Now we learn that the U.S. Mint is starting to discontinue producing gold coins popular with private collectors. Why continue to produce gold coins that soon may (will) be outlawed for private citizens?


The longer gold behaves contrary to all laws of economics, due to heavy manipulation by the mega-bullion bankers backed by the government, the more I believe it precedes the outlawing of privately held gold. Governments know that they would have an instant revolution if the just confiscated privately held gold, so they are artificially reducing the spot price of gold to be able to 'buy' yours, mine, and everyone else's gold for $500 (or whatever) instead of its true worth of $1,200, $1,500, $2,000 or whatever it really would be within the laws of economics.

Keep watching . . .

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Gold: Protect Yourself from Future Inflation
There might be slight, temporary variations between gold and consumer products or investments as they go up or down, but gold should eventually settle at the approximate same relationship. To 'paultaut' - if gold's drop is less than the drop in oil, there will be some time for it to find its relative value. However, in the case of oil, I would say that it has dropped more than its economics in relation to gold should be; therefore, I would expect oil to increase in price to find its relative level with gold.

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Does Obama Have What it Takes to Turn the Economy Around?
I suggest taking out inflation and then compare the Republican and Democrat administrations. 2% growth with no inflation is better than 10% with 12% inflation. The linked article, since it doesn't quantify inflation during the different administrations is, therefore, useless.

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Oil Bubble Continues Its Burst
A barrel of oil produces the same number of miles traveled no matter what its price is at the moment. It powers the same number of machines. As the economy goes down, and fewer miles are traveled or fewer machines are producing products, the price of oil will go down as well. But, when the economy turns around, and more people are driving to work, to work on more machines producing products, oil should be one of the first commodities to go up.

Many people will come out of this economic mine field holding stock in companies that no longer exist, or holding dollars that will then be worth much less than when they were received as governments try to inflate their way out of the situation. But, the person holding any interest in oil still in the ground, will still own the same number of miles travel or power for the same number machines.

Which would you say is the safer preserver of wealth for the average person not extremely skilled in trading - stocks, dollars or commodities such as oil?

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A $40 Bottom in Oil?
How low does oil have to go to bring about a 1973 type oil embargo by OPEC?

Let me tell you from experience it is no fun to sit several hours in line to get a few gallons to last you until you have another several hours to spend waiting in line.

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What's Happening to Gold?
A couple of weeks ago I surmised (in previous SeekingAlpha posts) that this new 'Bretton Woods' summit starting next weekend was going to start the process to back a new world currency with gold. Now, more and more articles are saying much the same thing. If so, where is that gold going to come from?

Then, Joe Biden came out with his statement that early in the Obama administration there would be a huge crisis, and the actions they take would be unpopular with the people, but that they should bear with the administration. I contended that what this crisis would be a default of the American dollar and the switch to a new, gold-backed world 'dollar.'

The longer gold behaves contrary to all laws of economics, due to heavy manipulation by the mega-bullion bankers backed by the government, the more I believe it precedes the outlawing of privately held gold. Governments know that they would have an instant revolution if the just confiscated privately held gold, so they are artificially reducing the spot price of gold to be able to 'buy' yours, mine, and everyone else's gold for $500 (or whatever) instead of its true worth of $1,200, $1,500, $2,000 or whatever it really would be within the laws of economics.

What GATA, gold dealers, and anyone with an interest is gold need to be doing now is demanding to know every holder of GLD, IAU, and other large holdings of gold - their name, address, phone number and any other information needed to organize a massive protest against such action; enough to bring down any government that goes along with such an action as a government theft (by paying lower than its economic price) of gold.

Keep watching . . .

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Why Isn't Jason Zweig Bashing Gold?
Doesn't CLH stand for 'crazy lunatic here?'

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It's a Great Time to Be an Inflationista
I would remind Gilbert of Terrebonne, Québec that it was during the Canadian Liberal Party's tenure that the Canadian dollar dropped to a low of 62-cents when compared to the U.S. dollar. What the Liberals were saying, in essence, was that Canadian business couldn't compete with American business in productivity and efficiency so they had to bring the Canadian dollar down to make it SEEM Canda's products were cheaper.

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Gold Coins Are in Short Supply, So Why Doesn't Their Price Rise?
Want 10,000 barrels of oil in the ground? Spend less than $17,500 for 10,000 shares of Oilsands Quest (BQI) and wait! I figured that if BQI could recover only 1/4 of their proven reserves, at $100/barrel the stock should be worth over $25. That would make our 10,000 shares worth more than $250,000!

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The Worst Is Likely Behind Us
. . . oops, I mistyped 52% when I meant 62% above . . .

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The Worst Is Likely Behind Us
It would seem to me that when businesses start to see the end of a downturn they would decide to order new materials with which to manufacture their products. Therefore, it would seem at raw materials, known as 'commodities' would have to be mined and then shipped to those who produce steel, aluminum, and other products used in various manufacturing material processes. I haven't seen an upturn in either commodities or in ocean shipping of raw materials.

Therefore, the rally at the end of October to 38% of the October drop (in the DOW) looks more like a bear market rally than a turnaround. [Those of you who know or use fibonacci know that 38% is the first critical level to be met. (After that comes 50% and then 52% retracement.)] We'll probably see this week if 38% holds, which would give a bit more, but not complete, hope that the bottom is in. I believe we will test the bottom again before finding a final bottom. If the mid October bottom doesn't hold, forming a double bottom, then it is almost certainly probable the DOW will have to find another low in the mid to low 7,000s.

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Gold's Fundamentals: 'Extremely Appealing'
Don't forget the 'new Bretton Woods' meetings starting in two weeks. The 1944 Bretton Woods agreement established a gold basis for currencies, including the dollar. Several heads of state are openly calling for a new currency that is based on gold.

Many authors have made an excellent case that gold is being heavily manipulated by the Government through a handful of bullion banks. While most seem to think that the purpose of this manipulation is to disguise the fall in the dollar (until recently). However, government manipulation of gold (and silver) does not seem to have abated much with the rise in the dollar. You can't say that government manipulation was to disguise the value of gold when the dollar was going down if manipulation continues when the dollar is going up.

Could it be that this 'new Bretton Woods' agreement will put the dollar back on the gold standard? If so, where is that gold going to come from - enough for world trade? Maybe the Government manipulation of gold, keeping it low in spite of all fundamentals otherwise, is preparation for a declaration that private ownership of gold is outlawed, after which the governments will want to 'buy' it from gold holders at the lowest possible price to support their currencies?

Time will tell.