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| card2u |
 Posted: Fri Dec 28, 2007 5:11 am Post subject: Do you really think Gold is about to drop 500?, 600? |
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Investing Sr. Associate
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| Gold seems like a good play for now? |
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| Apathetik |
| Posted: Fri Dec 28, 2007 12:58 pm Post subject: |
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I don't think that gold will be going down for a few years. I didn't think it would break $800, and then it did. I suspect that it will possibly hit $1k before it turns down, that's my take. As I understand it, gold increases in value with inflation and it doesn't seem like inflation is going to decrease anytime soon.
That's is just my 2 cents. |
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| l0ck |
| Posted: Sat Jan 05, 2008 3:12 pm Post subject: |
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I always assumed the major reason someone would buy gold is to save their money, for lack of a better term. As currency can be in flux, while gold is usually very solid.
Thats a question by the way, just though I'd ask it in this thread since gold is such a hot topic these days. |
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| frusnak |
| Posted: Sun Jan 06, 2008 7:52 am Post subject: |
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CFO
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gold is a hedge against political and economic uncertainties. IMHO  |
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| prs1065 |
| Posted: Mon Jan 07, 2008 4:57 am Post subject: |
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| Grimreaper |
| Posted: Mon Jan 07, 2008 6:45 am Post subject: |
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CFO
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Both GLD and the HUI goldpig index will take out last week's highs. But they will both gapdown before the week is out. Gold will move to at least $450 sometime this year. And of course the goldpig stocks of Cramer's choice ABX n AUY will get cut in half before he says sell...just like CROX...just like SBUX...just like basically everything else Cramer sets longterm tops in.  |
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| Apathetik |
| Posted: Mon Jan 07, 2008 7:43 pm Post subject: |
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| Grimreaper wrote: | | Both GLD and the HUI goldpig index will take out last week's highs. But they will both gapdown before the week is out. Gold will move to at least $450 sometime this year. And of course the goldpig stocks of Cramer's choice ABX n AUY will get cut in half before he says sell...just like CROX...just like SBUX...just like basically everything else Cramer sets longterm tops in. |
I would like to know your reasoning for your, pardon me for saying, assumptions about gold. |
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| Grimreaper |
| Posted: Tue Jan 08, 2008 2:40 am Post subject: |
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CFO
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| Apathetik wrote: | | Grimreaper wrote: | | Both GLD and the HUI goldpig index will take out last week's highs. But they will both gapdown before the week is out. Gold will move to at least $450 sometime this year. And of course the goldpig stocks of Cramer's choice ABX n AUY will get cut in half before he says sell...just like CROX...just like SBUX...just like basically everything else Cramer sets longterm tops in. |
I would like to know your reasoning for your, pardon me for saying, assumptions about gold. |
Becuz gold is up $15 dallahs in PM trading this moanin...dat be why i said it.  Oh sure...I know I said it bafo it ackchooly happened and it makes it look like I knowd it wassa gonna happen....which means I coulda, shoulda, woulda made muny ifn I lissened ta meself. But what if da resto what I said comes true now dat gold be retesting da high?....like I said it wud.  There be no methud ta my madness so I can't really sssplain it. And even ifn I sssplained it and ya ackchooly unnerstood what me said....it might jist make ya commit Harry Carey.  ...so I better not.   |
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| vetelmo |
| Posted: Tue Jan 08, 2008 4:08 am Post subject: |
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Moderator
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| Apathetik wrote: | | Grimreaper wrote: | | Both GLD and the HUI goldpig index will take out last week's highs. But they will both gapdown before the week is out. Gold will move to at least $450 sometime this year. And of course the goldpig stocks of Cramer's choice ABX n AUY will get cut in half before he says sell...just like CROX...just like SBUX...just like basically everything else Cramer sets longterm tops in. |
I would like to know your reasoning for your, pardon me for saying, assumptions about gold. |
His reasoning for most things dealing with the markets is what happened in 2003. So if it happened in 2003, it will happen. He has done the same thing for two years now. |
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| Grimreaper |
| Posted: Tue Jan 08, 2008 4:28 am Post subject: |
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CFO
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| vetelmo wrote: | | Apathetik wrote: | | Grimreaper wrote: | | Both GLD and the HUI goldpig index will take out last week's highs. But they will both gapdown before the week is out. Gold will move to at least $450 sometime this year. And of course the goldpig stocks of Cramer's choice ABX n AUY will get cut in half before he says sell...just like CROX...just like SBUX...just like basically everything else Cramer sets longterm tops in. |
I would like to know your reasoning for your, pardon me for saying, assumptions about gold. |
His reasoning for most things dealing with the markets is what happened in 2003. So if it happened in 2003, it will happen. He has done the same thing for two years now. |
Actually, I said "most stocks" began long term uptrends afta da pullback from jan ta March 2003. "Ifn" da govmint had left thangs alone thangs would have correckted back to retest Oct 2002 lows...dat estree correckshun was needed ta do it correcktly  Insted....muny was handed out to da muny runners anna nobudy in da govmint wassa watchin da store...so toofer one sales became a "buy one...get 3 free...and then ya kin use da whole shebangie ta borrow even mo muny off ovit" Hank Paulson is on CNBC this moanin jist ta letya know  "Yeah...I was at GS so I dunn did it...and I had fun doin it too!....now I gotsta figure out how ta unwind this mess" Paulson said dat...da Reaper didn't. Now...to EVERY problum there be a saloooshun. "If" ALL stocks are eventually goin back ta March 2003 levels....wudn it make sense ta stawt lookin fer chit dat ALREADY be at march 2003 levels?....jist ta git a head start.  The windup?....you capitulated on FNSR and banked a 70% loss on yer trade right at the EXACT time ya shoulda, coulda, woulda bin lookin ta establush a long term pasition! Looks like I gotsta teach you everythang...and I hope ya doesn't wait until EVERY stock you own (VLO) is back at March 2003 levels before yer dunn lernin! |
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| Apathetik |
| Posted: Tue Jan 08, 2008 8:30 am Post subject: |
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| Okay...using the past to predict the future in a psuedo clairvoiant hodge-podge of confusion. Cool. |
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| Grimreaper |
| Posted: Tue Jan 08, 2008 8:52 am Post subject: |
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CFO
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| Apathetik wrote: | | Okay...using the past to predict the future in a psuedo clairvoiant hodge-podge of confusion. Cool. |
Well...da past IS kinda tough. I guess it tall depends on how fer ya wanna go back. 1930?...yeah...purty similar to taday I would say....cept dat in modurn times mosta da industries dat made America great were already deeeestroyed by da Bush regime. Back in da 1930's da "good stuff' rallied along wit da fantasy crap. Of course there was no AAPL n GOOG back then. And surely nobody but the stockholders will be BOOHOOIN when AAPL is trading at $20 5 years from now. Lookin at a shorter timeframe....say back ta Aug 2006....da Fed wasn't around to bail da muny runners out in the year 1930 like they is right now. I doubt we will EVER duplicate this past....when it becomes da future of course. |
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| esquire415 |
| Posted: Tue Jan 08, 2008 9:03 am Post subject: |
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| Which one is a better GLD or IAU? |
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| Grimreaper |
| Posted: Tue Jan 08, 2008 9:25 am Post subject: |
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CFO
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| esquire415 wrote: | | Which one is a better GLD or IAU? |
You can chort either right now and make 50% ifn yer patient....but why not just chort a stock and git mo bang fo da buck? Cramer's AUY is a goodun....you know they will take out the 15.88 high first though. Why not go fer a duble shebangie by chortin a silver too?!! May I sugest PAAS?....just wait fer da high ta go bye bye. PAAS is eventually a sub $5 dallah dawg. |
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| frusnak |
| Posted: Tue Jan 08, 2008 9:44 am Post subject: |
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CFO
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| Gold is at $881.00 Will it break $1,000.00 I think so. The turmoil in the world and economic uncertainties will drive the price higher as investors and regular people go for the gusto! |
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