Loading ...23:11 LP
Hopefully we will meet in a few months and swap a few stories?
No doubt ferret has told you I’ve been in contact with him etc.
cheers
Ment
I used to think that you were Jim Sinclair than I thought you were JS shill. I know I was wrong you’re really Jack Nicholson ????
ment, and a fine twister you are too.
I said “It is Now”, not “This is it”.
“It Is Now” was all about the gold price.
PMF
1) Who knows, in this topsy turvy world? But gold has to be a better bet than almost anything else to retain value.
2) HM had its big 150% gain in 1933, when gold was revalued. It seems to have lost ground in 1935 (but only from its new high) and stayed level for three years after that.
3) Probably, but before my time! Trying to gauge why something happened at a distance is much more difficult than looking at charts. But this time round, the asset deflation is much stronger. Especially in housing. In the seventies, you really did want to be mortgaged to the max. the way house prices went.
Deris? They probably are - like peak oil, you’ll never be able to point at a date and say “that was it”.
islander @ 23:42 pm
what ever a person does just don’t mention hui 60 or gold 300.. that is verboten .. in any discussion of timing.. /// even then the charts were useless .. serpentine ..
Gold Mid-Year 2008 Review- An update by John Hathaway
Gold and gold shares continue to be in a consolidation phase since the dramatic rescue of Bear Stearns by JP Morgan Chase at the end of the first quarter. Credit and capital market stress continue at a high level as evidenced by the weak performance by financial sector shares during the first half of 2008. Such concerns tend to drive capital market flows into safe haven areas including gold. Following the current pause, we expect gold to achieve new highs later this year. We believe that gold shares are awaiting leadership from the metal itself. Once gold attains new highs, we believe the shares will break out of their consolidation mode. The $1000 per ounce threshold for gold is at present a psychological barrier for investors. Once that level is viewed as a floor rather than as a ceiling, we expect a significant rerating of gold shares.
We suggest that gold’s underperformance relative to other commodities will change based on one simple notion that has become wildly popular in the financial media: demand destruction. There is no doubt that high commodity prices, regardless of whether they are labeled a bubble or not, are economically destabilizing. They have the potential to cripple normal economic functioning. High inflation, perceived or anticipated, will probably alter economic behavior as it did in the 1970’s. The efficacy of a “hard asset strategy” would ultimately be undermined by the associated economic disruption. This, in our opinion, would leave gold and other precious metals standing alone in the world of commodities as true safe havens.
Portfolio Manager of the Tocqueville Fund, will appear on CNBC’s “Squawk on the Street” on, Thursday, July 24th at 10:40am to discuss The Tocqueville Fund and its investment strategy with Erin Burnett, in a segment called “5-Star Strategy”. Nice timing ehhh???
Equisetum @ 23:39 pm
could well be .. sinclair mentions the gold cover clause at usa 50 or so.. .. and 2011.. so we have a couple plus 1/2 years to go..
PMFEVER catch it if you can @ 17:08
GR at least I can admit I’m clueless, you just pass the buck………..to tomorrow………next week………..whoops I ment………..next month
OhGirl!
Good going, I remember you said you were going to grind up Grouse again. All the power to you! Enjoy the liquid muscle relaxer, you earned it 
ment17 (23:30) …because he (J.S.) has known for some time now that
the U.S. dollar is fading into oblivion as the world’s reserve currency. But his focus on the Euro as the next marker for gold’s moves is, in my opinion, going to be short-lived because the U.S. will fight back tooth and nail to keep a “strong dollar” and will , I think, be overshadowed by some gold-backed Dinar/Yen/ ?/? currency that will leave both the US dollar and the Euro in the dustbins of history.
Just another thought on a Wednesday evening. Equiz.
PMFEVER catch it if you can @ 23:08 pm
Gold rose in the 30s when it was revalued to $35 for crying out loud! Think Argentina, the image Dr V liked to throw at us of some south American stock market with the caption “I should have bought gold”
The only thing I know about gold shares in the depression was Homestake did very well but I believe it was self funded.
Ferret, but if so…………..
1) what would a Dollar fall to .62 to .63 do in terms of Gold increase in price?…..since it is not a straight inverse operation.
2) The PM stocks were rising the whole time if the chart of HM can be believed, except for normal corrections.
3) We are in a falling Dollar Value environment at present, very similar to the 70’s. The Dollar had already bottomed by the time Gold took off in the 70’s, but I think it was the inflation filtering through pricing that catapulted the most parabolic run for Gold.
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Per your other post- I thought the derivatives numbers were still increasing, but possibly deccelerating. But one never knows when they might accelerate, again.
Equisetum @ 23:28 pm
sinclairs been talking about the euro for some time now .. not just today.
GoldenMaples (22:56) and ment. So now in the article titled
“The normalcy of violence in gold” we get Mr. Sinclair levelling with us, in a diversion from his “Its all in the dollar” mantra, by his saying that “I look at the Euro to know what the gold price is doing”. Right on, Mr. S., and I think that in the future he’ll be looking at the Euro much more to figure out what the gold price is doing, as more Middle East countries and Russia, and maybe Nigeria and Venezuala too, move towards collecting payment for their exported oil in Euros instead of accepting payment in the form of the fading world reserve currency.
Just my thoughts on a Wednesday evening. Equiz.
next high in gold
do not wish to discuss that price as it would have the same effect as yelling “fire” in a theater. So many readers use margin that it terrifies me. Say this and they would margin themselves to the neck, being ruined in a single reaction like now only to see the gold price rocket out from here.
Regards,
Jim
then blame sinclair for their problems …
this is it,, the most misnderstood it.. in the history of blog. .. and the creation of much blatther on the part of many … it it … what the meaning of is is .. it. it.. inmvvvvho