appreciate your input but clearly we went to different MBA
schools. your view is quite different than that is accepted
and understood by the educated economic community
What is the definition of Deflation.....A persistent decrease in
the level of consumer prices or a persistent increase in the
purchasing power of money because of a reduction in available
currency and credit. Is there a shortage of money or credit
now....? Who is there community that you speak of....The Fed
An intellectual debate! How exciting. There is also a problem of
perspective that may be affecting all of us. There is a point of
view (ironic) that holds those within a financial bubble are unable
to see it for what it is, due to their frame of reference being
distorted by the bubble. In other words, if everything is
distorted, then
nothingwill appear
distorted to some one inside the twisted universe. This is where
purchasing power parity, currency exchange rates, and the Big Mac
index come into the discussion. Google them. Still interested? Then
update us all here at BPT and let's figure out together where gold
is going next!
The Fed keeps selling the idea that there is none....but
everything including the Big Mac keep going up in price or smaller
in size (good for the waistline)....Matt said it tonight...it has
been sitting here and is going to break one way or the other....the
long term trend line still has not been hit and although I am long
here this could still be bottoming and lower price could easily
happen. There is no shortage of gold. But there does
seem to be a shortage of buying of it....alot of hedgies sold,
India is clamping down on purchasing of it due to there Ruppie
problem. China may slow down there buying because there real
estate problems could start to pop that bubble. The only
thing that is going to get gold really going is INFLATION.....
appreciate your input but clearly
GDX and miners unable to rally of late even when Gold was up Friday. Gold must hold 1320. Thoughts would be appreciated.
Posted by muslhead on 1st of Oct 2013 at 12:15 am
appreciate your input but clearly we went to different MBA schools. your view is quite different than that is accepted and understood by the educated economic community
Really....
Posted by ronjuan on 1st of Oct 2013 at 12:27 am
What is the definition of Deflation.....A persistent decrease in the level of consumer prices or a persistent increase in the purchasing power of money because of a reduction in available currency and credit. Is there a shortage of money or credit now....? Who is there community that you speak of....The Fed
An intellectual debate! How exciting.
Posted by cubby on 1st of Oct 2013 at 01:12 am
An intellectual debate! How exciting. There is also a problem of perspective that may be affecting all of us. There is a point of view (ironic) that holds those within a financial bubble are unable to see it for what it is, due to their frame of reference being distorted by the bubble. In other words, if everything is distorted, then nothingwill appear distorted to some one inside the twisted universe. This is where purchasing power parity, currency exchange rates, and the Big Mac index come into the discussion. Google them. Still interested? Then update us all here at BPT and let's figure out together where gold is going next!
We need some inflation for gold to really go....
Posted by ronjuan on 1st of Oct 2013 at 01:26 am
The Fed keeps selling the idea that there is none....but everything including the Big Mac keep going up in price or smaller in size (good for the waistline)....Matt said it tonight...it has been sitting here and is going to break one way or the other....the long term trend line still has not been hit and although I am long here this could still be bottoming and lower price could easily happen. There is no shortage of gold. But there does seem to be a shortage of buying of it....alot of hedgies sold, India is clamping down on purchasing of it due to there Ruppie problem. China may slow down there buying because there real estate problems could start to pop that bubble. The only thing that is going to get gold really going is INFLATION.....
spot the tail wagging the dog
Posted by cubby on 1st of Oct 2013 at 02:12 am
(Yes, for those with good memories, this phrase has an ironic & salacious meaning)
This is an economic riddle. Where is the deflation coming from today, recently?
As always, for full credit you must explain your answer. Link to chart