Don't let yourself see the forest because of the trees.
Posted on 01/04/2006 1:57:01 AM PST by BlackVeil
Newcrest Mining is rising very fast. But the gold stocks could go much higher, with prices moving up.
Be nice to be on Newcrest. Are you winning?
Yes, I did buy into Newcrest, now wish of course that I got more. Also, got some CSR, because of the ethanol thing. Bio-fuels are promising.
Keep going! I might hit you for a loan :)
That's a damn good joke, yet I don't feel like laughing when I read it. Of course, they exclude food and fuel from the "inflation" figures. That's fine - just don't eat or leave home.
What is Bernanke's inherited dilemma ?
The U.S. can either:
1) Repudiate their massive debt
2) Work with other central banks for a controlled devaluation of the $US
3) Simply print their way out of it.
Any/all are good for Gold!
Only 3 is possible. Therefore, that's what we are doing.
And bad for the liberal establishment which can no longer expand the welfare state with their funny money.
This is very understandable with the systematic devaluation of the dollar by the Fed perpetuated by the verbage in yesterday's minutes that the interest rate rise was nearing its end. By the end of March they'll be able to devalue it as much as they want without anyone knowing since M3 will no longer be reported.
Bad for the empire in general, cause we can't make war everywhere either.
,,, I'm way out of touch with gold. Like the saying goes, "one day my ship will come in, but with my luck I'll be at the airport." I'm about to pick up some NZ Refining shares though.
Gold news was markedly silent when the price backed off somewhat the past month. Interesting that we hear of gold when it has risen in price today, but hardly ever otherwise, and hardly ever the day before it rises, which would be when the news might do some actual good.
"Gold ready to crash?"
http://www.freerepublic.com/focus/f-news/1641771/posts?q=1&&page=251
Liberal, Conservative? That's a debate, but the fact is the funny money will catch up with us.
Don't let yourself see the forest because of the trees.
bump
Thanks for the bump.
With gold now at $765, the gold miners continue to climb, although the rest of the market is tending down.
Nobody is getting suddenly rich on that. It’s moving too small and too slow for that big one.
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