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Posted: 11/3/2009 6:07:02 AM EST
Whats with the Dow and the huge point swings ?I can understand the drops but why the gains,Would it not be better if the Gov just let the market find it's bottom ? Well after the election anyway
Link Posted: 11/3/2009 6:20:05 AM EST
Originally Posted By hotbiggun42:
Whats with the Dow and the huge point swings ?I can understand the drops but why the gains,Would it not be better if the Gov just let the market find it's bottom ? Well after the election anyway


The market does seem rather volatile, doesn't it? I'm anxious to hear the answers...
Link Posted: 11/3/2009 6:21:21 AM EST
Gold took a nice little jump around 10:30 this morning. Was some bad economic data released?
Link Posted: 11/3/2009 6:23:59 AM EST
Because there's a lot of speculation right now, the government spending can't be sustained so you have a lot of back and forth deliberation. Shit's gonna hit rock bottom either way, but those who are used to living lives in comfort will take a softer fall by delaying it.
Link Posted: 11/3/2009 6:25:28 AM EST

Originally Posted By Bubbles:
Gold took a nice little jump around 10:30 this morning. Was some bad economic data released?


Link Posted: 11/3/2009 6:26:01 AM EST
[Last Edit: 11/3/2009 6:27:30 AM EST by RRA_223]
Originally Posted By Bubbles:
Gold took a nice little jump around 10:30 this morning. Was some bad economic data released?


You know... I am no expert - but I wonder how much has to do with simply the dissemination of information. We all see GDP numbers released and talk about the effects of government "stimulus," we see Ford's profit margins and know it's job cuts and CFC. We see shipping down/up and back again depending on the data used.

Perhaps there are big moves going on, but different managers (meaning the bigger funds, etc) are trying different plays based on differing opinions on what's next. THat's why one guy on Bloomberg says the recession is over, the next guy on Breitbart says "watch out for the double-dip" and then we have other guys arguing over V or U shapes, etc.

Then again, maybe Goldmann Sach's is just trying to make some money and contributing to the volatility with HFTrades?

I doubt these swings are from the "little guys" on E-trade buying 10 stocks at a time over lunch.

ETA: if I had to wager, I'd say the DJIA swings are mostly goldmann sachs conning the markets. I'd say gold probably has a lot to do with China and large banking institutions moving into and out of dollars versus PM's.
Link Posted: 11/3/2009 6:27:18 AM EST
We are teetering on some important technical levels right now...if they break through on the downside watch out (atleast short term)

Link Posted: 11/3/2009 6:34:31 AM EST
I need to figure out when to jump back in. Of course I could just wait until the end of the year then play the historical averages game.
Than again this could be the big dive and I should stay out for a long long time.
Whatever is gonna happen playing the markets now is not for the faint of heart.
It sure gives me the willies....
Link Posted: 11/3/2009 6:35:22 AM EST

Originally Posted By M4Real:

Originally Posted By Bubbles:
Gold took a nice little jump around 10:30 this morning. Was some bad economic data released?


India's Central Bank purchases 200 metric tons of Gold
Link Posted: 11/3/2009 6:37:45 AM EST
dow isn't tanking today.... only down 30 pts................
Link Posted: 11/3/2009 6:40:28 AM EST
Originally Posted By GaryM:
I need to figure out when to jump back in. Of course I could just wait until the end of the year then play the historical averages game.
Than again this could be the big dive and I should stay out for a long long time.
Whatever is gonna happen playing the markets now is not for the faint of heart.
It sure gives me the willies....


I don't invest in the market so i am not and expert but if a person doesnt know how are why it works as it does why invest in it?

Also Gold Why is it so high is there really that much of a need for it in manufacturing ?where does it's value come from? Now food,Guns and ammo I can understand the value in that
Link Posted: 11/3/2009 6:41:41 AM EST
Originally Posted By nissanfan84:
dow isn't tanking today.... only down 30 pts................


Just refering to recent swings in the market .
Link Posted: 11/3/2009 6:46:05 AM EST
Originally Posted By hotbiggun42:

I don't invest in the market so i am not and expert but if a person doesnt know how are why it works as it does why invest in it?

Also Gold Why is it so high is there really that much of a need for it in manufacturing ?where does it's value come from? Now food,Guns and ammo I can understand the value in that


Excellent question.
Best I can come up with is simply an item is only worth what you can get for it and since so many people want gold (for whatever reason) its value will hold up. The value of gold is quite historical and as such should be considered a very safe bet to hold value.
In a nutshell, you ain't buying gold, you are buying the belief that gold will still be treasured by many people and they will be willing to pay a high price for it when everything else falls apart.
Funny ain't it?
Just my 2 cents.

Link Posted: 11/3/2009 7:13:43 AM EST
Originally Posted By GaryM:
Originally Posted By hotbiggun42:

I don't invest in the market so i am not and expert but if a person doesnt know how are why it works as it does why invest in it?

Also Gold Why is it so high is there really that much of a need for it in manufacturing ?where does it's value come from? Now food,Guns and ammo I can understand the value in that


Excellent question.
Best I can come up with is simply an item is only worth what you can get for it and since so many people want gold (for whatever reason) its value will hold up. The value of gold is quite historical and as such should be considered a very safe bet to hold value.
In a nutshell, you ain't buying gold, you are buying the belief that gold will still be treasured by many people and they will be willing to pay a high price for it when everything else falls apart.
Funny ain't it?
Just my 2 cents.




So if the Economy crashes even further a OZ of gold could be traded for a loaf of bread?
Link Posted: 11/3/2009 7:48:47 AM EST

Originally Posted By hotbiggun42:
Originally Posted By GaryM:
Originally Posted By hotbiggun42:

I don't invest in the market so i am not and expert but if a person doesnt know how are why it works as it does why invest in it?

Also Gold Why is it so high is there really that much of a need for it in manufacturing ?where does it's value come from? Now food,Guns and ammo I can understand the value in that


Excellent question.
Best I can come up with is simply an item is only worth what you can get for it and since so many people want gold (for whatever reason) its value will hold up. The value of gold is quite historical and as such should be considered a very safe bet to hold value.
In a nutshell, you ain't buying gold, you are buying the belief that gold will still be treasured by many people and they will be willing to pay a high price for it when everything else falls apart.
Funny ain't it?
Just my 2 cents.




So if the Economy crashes even further a OZ of gold could be traded for a loaf of bread?

Gold is pretty. People have always and will always like pretty.

When we were on the gold standard back in the 30s.....an ounce of gold sold for $32 and you could buy a really good suit with it.

When gold hit $300 an ounce........you could buy a really good suit with an ounce of it.

Now that gold has reached $1100 an ounce.........you can buy a really good suit with an ounce of it.

If back in the 30s you kept that $32 dollars in your pocket until today......you could use it to buy a couple of loaves of bread.
Link Posted: 11/3/2009 7:54:10 AM EST
Originally Posted By 1Bigdog:

Originally Posted By hotbiggun42:
Originally Posted By GaryM:
Originally Posted By hotbiggun42:

I don't invest in the market so i am not and expert but if a person doesnt know how are why it works as it does why invest in it?

Also Gold Why is it so high is there really that much of a need for it in manufacturing ?where does it's value come from? Now food,Guns and ammo I can understand the value in that


Excellent question.
Best I can come up with is simply an item is only worth what you can get for it and since so many people want gold (for whatever reason) its value will hold up. The value of gold is quite historical and as such should be considered a very safe bet to hold value.
In a nutshell, you ain't buying gold, you are buying the belief that gold will still be treasured by many people and they will be willing to pay a high price for it when everything else falls apart.
Funny ain't it?
Just my 2 cents.




So if the Economy crashes even further a OZ of gold could be traded for a loaf of bread?

Gold is pretty. People have always and will always like pretty.

When we were on the gold standard back in the 30s.....an ounce of gold sold for $32 and you could buy a really good suit with it.

When gold hit $300 an ounce........you could buy a really good suit with an ounce of it.

Now that gold has reached $1100 an ounce.........you can buy a really good suit with an ounce of it.

If back in the 30s you kept that $32 dollars in your pocket until today......you could use it to buy a couple of loaves of bread.


Good point ! Isn't the true value of gold the cost of mining it + profit? BTW I almost never wear good suits.but I almost always eat bread for dinner .
Link Posted: 11/3/2009 7:56:29 AM EST
Is this the same DOW tanking thread that I see everyday?? Dupe.......... Dupe....... Dupe...... Dupe......




I think it is almost time to start shorting Gold.
Link Posted: 11/3/2009 8:01:55 AM EST
Originally Posted By Dragracer:
Is this the same DOW tanking thread that I see everyday?? Dupe.......... Dupe....... Dupe...... Dupe......




I think it is almost time to start shorting Gold.


No this is a different one!
Link Posted: 11/3/2009 8:02:59 AM EST
[Last Edit: 11/3/2009 8:06:40 AM EST by WildApple]
Originally Posted By Dragracer:
Is this the same DOW tanking thread that I see everyday?? Dupe.......... Dupe....... Dupe...... Dupe......




I think it is almost time to start shorting Gold.


Post proof when you actually get the balls to do it.....
Link Posted: 11/3/2009 8:05:32 AM EST
Originally Posted By 1Bigdog:

Originally Posted By hotbiggun42:
Originally Posted By GaryM:
Originally Posted By hotbiggun42:

I don't invest in the market so i am not and expert but if a person doesnt know how are why it works as it does why invest in it?

Also Gold Why is it so high is there really that much of a need for it in manufacturing ?where does it's value come from? Now food,Guns and ammo I can understand the value in that


Excellent question.
Best I can come up with is simply an item is only worth what you can get for it and since so many people want gold (for whatever reason) its value will hold up. The value of gold is quite historical and as such should be considered a very safe bet to hold value.
In a nutshell, you ain't buying gold, you are buying the belief that gold will still be treasured by many people and they will be willing to pay a high price for it when everything else falls apart.
Funny ain't it?
Just my 2 cents.





So if the Economy crashes even further a OZ of gold could be traded for a loaf of bread?

Gold is pretty. People have always and will always like pretty.

When we were on the gold standard back in the 30s.....an ounce of gold sold for $32 and you could buy a really good suit with it.

When gold hit $300 an ounce........you could buy a really good suit with an ounce of it.

Now that gold has reached $1100 an ounce.........you can buy a really good suit with an ounce of it.

If back in the 30s you kept that $32 dollars in your pocket until today......you could use it to buy a couple of loaves of bread.



Wow, bread must be expensive in your neck of the woods. I can find it for less than $2 a loaf here.





Link Posted: 11/3/2009 8:09:35 AM EST
Gold is at another all-time high. Yet the dollar is going up today. That's... interesting.
Link Posted: 11/3/2009 8:13:34 AM EST
Originally Posted By EndgameSTG:
Gold is at another all-time high. Yet the dollar is going up today. That's... interesting.


So what does it mean to you?
Link Posted: 11/3/2009 8:16:30 AM EST
[Last Edit: 11/3/2009 8:16:48 AM EST by EndgameSTG]
Originally Posted By hotbiggun42:
Originally Posted By EndgameSTG:
Gold is at another all-time high. Yet the dollar is going up today. That's... interesting.


So what does it mean to you?


I'm not really sure. Its just one day, but that's very strange. Gold is usually inverse to the dollar. There's incredible demand for it if its still going up in spite of the dollar going up.
Link Posted: 11/3/2009 8:17:27 AM EST
My BFF Sherrick says everything is great!
Link Posted: 11/3/2009 8:24:55 AM EST
Originally Posted By GaryM:
I need to figure out when to jump back in. Of course I could just wait until the end of the year then play the historical averages game.
Than again this could be the big dive and I should stay out for a long long time.
Whatever is gonna happen playing the markets now is not for the faint of heart.
It sure gives me the willies....


Real assets like precious metals and agriculture are far safer bets than anything else. Everything else is poised to crash, silver is still relatively cheap for now. If you wanted to buy into some company cheap and double-triple up in fairly short term I think your time has passed, but that's just my take.
Link Posted: 11/3/2009 8:28:47 AM EST

Originally Posted By hotbiggun42:
Originally Posted By 1Bigdog:

Originally Posted By hotbiggun42:
Originally Posted By GaryM:
Originally Posted By hotbiggun42:

I don't invest in the market so i am not and expert but if a person doesnt know how are why it works as it does why invest in it?

Also Gold Why is it so high is there really that much of a need for it in manufacturing ?where does it's value come from? Now food,Guns and ammo I can understand the value in that


Excellent question.
Best I can come up with is simply an item is only worth what you can get for it and since so many people want gold (for whatever reason) its value will hold up. The value of gold is quite historical and as such should be considered a very safe bet to hold value.
In a nutshell, you ain't buying gold, you are buying the belief that gold will still be treasured by many people and they will be willing to pay a high price for it when everything else falls apart.
Funny ain't it?
Just my 2 cents.




So if the Economy crashes even further a OZ of gold could be traded for a loaf of bread?

Gold is pretty. People have always and will always like pretty.

When we were on the gold standard back in the 30s.....an ounce of gold sold for $32 and you could buy a really good suit with it.

When gold hit $300 an ounce........you could buy a really good suit with an ounce of it.

Now that gold has reached $1100 an ounce.........you can buy a really good suit with an ounce of it.

If back in the 30s you kept that $32 dollars in your pocket until today......you could use it to buy a couple of loaves of bread.


Good point ! Isn't the true value of gold the cost of mining it + profit? BTW I almost never wear good suits.but I almost always eat bread for dinner .

I guess my point is........gold does not gain or lose value over the long term and if you don't wear suits....don't buy it. Especially if you like bread.
Link Posted: 11/3/2009 9:04:11 AM EST

Originally Posted By mattfoley:

Originally Posted By M4Real:

Originally Posted By Bubbles:
Gold took a nice little jump around 10:30 this morning. Was some bad economic data released?
http://www.kitco.com/images/live/t24_au_en_usoz_home.gif

India's Central Bank purchases 200 metric tons of Gold


<a style="CURSOR: hand; COLOR: #333333" onclick="javascript:window.open('charts/24hoursspot.html','DailySilverChart','location=1,status=1,scrollbars=1,width=700,height=570')"> </a>
Link Posted: 11/3/2009 9:23:23 AM EST
[Last Edit: 11/3/2009 9:24:52 AM EST by chrism101]
And in other News the price of gasoline continues to rise, although demand is decreased....

Im running off now to call for my "gold kit" from Cash for Gold!
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