Pot Of Gold For You – Charting Gold
pot of gold for you? Charting the pot of gold first! forecastfortomorrow.com twitter.com
charting gold, gold bullion, gold bullion coins, hyperinflation, inflation, pot of gold, price of gold, silver, technical analysis
myspacesecrets, please answer this question. Ok, I am on the same page as you in that the dollar is a worthless currency in the long run, gold is going to do very well etc. etc.
However, we are deleveraging a gigantic inflationary credit bubble that was inflated over more than a decade. Deflating this bubble, which is inevitable, is going to contract the money supply through the contraction of credit…which is very dollar bullish. So don’t you think that deflation (dollar bullish) comes first?
We should have bad pretty bad deflation but helicopter Ben stopped it with the printing press. This is key. The fact that RIGHT NOW we do not have deflation is a sign of inflation. Once the deflation period ends (6 months to 3 years) then major inflation will show. It’s just hiding right now.
very good comment, deflation now…will eventually lead to inflation then, hyper…..look out when that happens.
Fantastic analysis! I have a certification in technical analysis and I will vouch that all of the information provided herein is quite accurate and inline with the discipline.
Given that, myspacesecrets – please confirm this – once we punch through 1000, gold will have a very very solid foundation to go much much higher, having over 4 tops to provide a foundation for technical resistance.
But helicopter ben has only pumped in 3 trillion dollars into the economy. I know it’s a staggering amount, but the credit bubble that is deflating is 13 trillion. So it’s merely scratching the surface. I personally think that deflation is going to inflict massive damage, sort of like from July 08 to March 09 but only worse/longer. And once this deflation is complete within 2-3 years, we will have hyperinflation from all the excess liquidity that the Fed will refuse to remove.
If a home raises in value 100k and then drops 100k would you count that as deflation? Sure there is 100k less dollars but it was never in existence. The house wasn’t sold and no money was actually created. Its like a stock going up. If you stock doubles in price and you don’t sell and then it goes back to the price you bought it at you didn’t really make or loose that money and no money was created.
I would be very interested if you could share your opinion on the Australian property market and where you think it is headed please, or have you made a vid on it already?
Nice bit of infomation there:D
I believe:
Late October early November will be when the shitty worthless US dollar will collapse and then will be the time for gold.
In the short term I see gold coming down, ONLY IF the sharemarkets shit. If they plummet then past history says gold will fall. This will be short term though. If, and pray to God, this occurs, then its time to position yourself in LGL or NCM calls. That’s my strategy, anyway.
Thanks for info. 5*****
thanks for watching platinum.
I’d like to buy more soverigns or 1oz coins, but I can’t afford to just yet, so I’m buying more food instead.
Take it from someone who knows nothing.
The Aust makets are being propped up by the goverment grants. Bringing on new buyers.
We are also at the bottom of the interest rate cycle. Look at the 5yr interest rates.
They are rising.
As time elapses and unemployment grows, Interest rates rise
USA economy isnt fixed and wont consume so Aust will lose more jobs.
China has stock piled iron ore etc .
More job losses once this finishes.
Higher interest.
More sales, lower prices. 6yr cycle
the spychological 1 K per once ^^
I’ve been waiting for it now for so long
papergold is now oversigned by 7 to 1 I have been hearing just lately 4-8 months
can you imagine what will happen when paper sellers want to get hold of the real stuff ….. NYMEX is totally manipulated and I have more then a bad feeling that it will get worse by the day of the 1k breakthrough
thanks mate
interesting, thank you
but didnt gold reach over 1000 / oz only to drop back down below 900 / oz many months ago ? we know that the gold is being manipulated low so whats to say that it doesnt continue ?
It may have existed as paper money, but the economic ‘health’ of the country was predicated on this paper/fake wealth. There was inflation from 2001 to 2008, in which this bubble was inflated. Even though it was a fake bubble, there will be legitimate deflation imho.
we are already in deflation!
But remember what happen in Japan after they tried to save zombie banks that were already going belly up!
Gold went from 1000/ oz. to mid 700s. There is more pressure on the USD yet gold has yet to get back over 1000/ oz. People owning gold should be scratching their heads.
I am up and I bought gold last Year. A ten year chart of gold is up almost year to year and holds even otherwise. Buy gold. Buy silver.
Silver will out perform gold. Gold is the catalyst.
They have to remember that there are mucho technical analysts out there, so therese patterns become a self fulfilling phrophesy….which is a good thing.
You might do better with silver. It can be bought in smaller, cheaper increments, is underpriced relative to gold (which means it should move up more proportionately as both advance), and would make a more flexible crisis currency in the event of a collapse. That way, you don’t have to wait to protect yourself.
Also, Google: 100 Items to Disappear First
…For things to buy besides PMs and food. =^[.]^=
I’ve got about 12 1oz American dollars, and a few weeks ago took one to town-Warrington-to get it valused and the see what I’d get for it, it was worth £5, so I’ll stick to gold sovereigns, or 1oz gold coins.