Posted on 03/16/2011 10:38:26 AM PDT by SeekAndFind
There is no fundamental reason for gold to be so high, so it should be no surprise for a no reason fall.
I don’t cringe like I used to..
In five or ten years, we're going to look back and see that Fukushima Daiichi was the turning point for nuclear power. When it becomes obvious that a multiple LOCA in one of the most populated nations on Earth was just another industrial accident, and as gasoline goes past $15/gallon, people are going to start to demand nuclear energy.
The market makes fools of most so a few can make a fortune...
Yep. Agree completely.
Speculators can take prices up. And they can take them down.
Uranium stocks went through the floor....
“In five or ten years, we’re going to look back and see that Fukushima Daiichi was the turning point for nuclear power. When it becomes obvious that a multiple LOCA in one of the most populated nations on Earth was just another industrial accident, and as gasoline goes past $15/gallon, people are going to start to demand nuclear energy”
And by then, it will take *15* years (instead of only 10) to build them with the hundreds of new regs and tightened specs that the libs will demand. And there will still be 42% of the population that will resist nukes under any conditions.
Except, perhaps, the Obama administration printing money in order to fund the massive debt, even before one of the leading holders of American debt had a disaster that will cause them to stop buying U.S. debt and start re-patriating it's money.
“The market makes fools of most so a few can make a fortune...”
How kind of the market to do that for them.
It is called Deflation and it has been what the Fed fears most...because they can’t control it...
The dollar still has safe haven status, and strengthened when the scale of the disaster became clear.
So everything priced in dollars went down (Uranium and Japanese stocks of course being a special case).
This not so hard.
if the silver:gold ratio gets over 50:1 again, i’ll be swapping gold for silver.
then when it comes back under 30:1, i’ll be trading my silver for gold.
as of right now, gold ($1391.90), silver ($33.94) and the silver:gold ratio is 41:1
Sounds like a buying opportunity, buy into weakness, sell into strength. (buy low, sell high)
gold isn’t high. Money is just cheap.
I heard an “expert” on TV (Fox Business) mention that the Japanese might be selling gold to free up cash to pay for the tsunami/nuke plant disaster . . .
Gold was overpriced before Obama ever became President.
Insurance companies selling to get liquidity for pay outs.
Everything else fell, too. Why should gold, a commodity, be any different?
Does anyone know if the Bank of Japan is selling gold to pay for their disaster?
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