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Goldman Hikes Its 12 Month Gold Price Target From $1,735 To $1,830
Zero Hedge ^ | 8/711 | Tyler Durden

Posted on 08/07/2011 8:59:35 PM PDT by Nachum

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To: Terry Mross

I think Im 25%


41 posted on 08/07/2011 9:42:54 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mlocher
Look at the price tag the German people will pay; it will top 100% of their GDP if they sign onto another bail out. If I lived over there, I wouldn't want to assune that debt, either!

Italy, not surprisingly, is going the way the TEA Party wanted to go here, a BBA and all. I would prefer a GAAP amendment instead for the US, no more hiding expenses "off ledger."

Greece is in the tank (with their long history of tax evasion and lax living, who would have thought it?), Spain blew their money on that financial sink hole of "green jobs," Ireland's banks played too fast and loose so it came back to bite them.

What a mess!

I just wish S&P had downgraded us last year, when it was all in the Dimwits hands. There would be no deflecting blame on the one group that was trying to AVOID this problem. As a fellow FReeper so eloquently put it, "It's like blaming the fire on the one who sounded the alarm."

42 posted on 08/07/2011 9:43:51 PM PDT by TheWriterTX (Buy Ammo Often,)
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To: Terry Mross

I have a 22 long and a bolt 22 mag, I love the 22 mag. I need to buy more ammo for it.


43 posted on 08/07/2011 9:45:04 PM PDT by jpsb
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To: mlocher
Oil is dropping like a rock right now and that should keep inflation in check for a few months

Funny thing, Oil was $102 last time I filled up and gas was $3.57

Last Friday Oil was $86 and Gas was still $3.57

44 posted on 08/07/2011 9:46:10 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: TheWriterTX

Looks like panic selling starting to happen in Asia, seeing 5% down now in a couple of markets.


45 posted on 08/07/2011 9:48:19 PM PDT by jpsb
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To: All
Nekkei


46 posted on 08/07/2011 9:48:39 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mylife

Oil dropping is not good news, cuz it means that those that normally use the oil don’t see so much use on the horizon.


47 posted on 08/07/2011 9:49:57 PM PDT by editor-surveyor (Going 'EGYPT' - 2012!)
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Hang Seng


48 posted on 08/07/2011 9:50:21 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: editor-surveyor

I think consumer spending is going to dry up even more if possible. No one in their right mind would spend money they could save right now.


49 posted on 08/07/2011 9:51:44 PM PDT by jpsb
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To: editor-surveyor

Its the odd commodity that isnt going up isnt it?


50 posted on 08/07/2011 9:51:49 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: mylife
Sitting on 3K rounds, but don't think that's enough.

Got to wait until my husband gets through with his surgery and off disability (thankfully, it's only a short recovery time - a few weeks). But with all the house repairs this year, it's really killed our "discretionary" income account. I would have rather dropped that 20K on gold. I'd be sitting pretty right now.

Hopefully our 401K and retirement accounts won't take too bad a hit this go round. We lost $20K in the last because it's controlled through the job. The other account is still chugging along, but the returns are down. Went from a high of 14% annual to 7% annual - still a LOT better than the bank!

51 posted on 08/07/2011 9:52:04 PM PDT by TheWriterTX (Buy Ammo Often,)
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To: jpsb

Credit card debt went up last month. I’m sure most were just paying bills and hoping things get better. But I have to wonder if some weren’t getting cash advances to stuff in a sock or buy metals.


52 posted on 08/07/2011 9:53:12 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: mylife

Where in Texas are you?


53 posted on 08/07/2011 9:54:02 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: Attention Surplus Disorder

54 posted on 08/07/2011 9:55:09 PM PDT by Razzz42
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To: All

Gold and silver dropping a little. Large holders taking profits?


55 posted on 08/07/2011 9:55:40 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: mylife

The one that fuels industry and transportation.


56 posted on 08/07/2011 9:56:49 PM PDT by editor-surveyor (Going 'EGYPT' - 2012!)
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To: TheWriterTX

I am sorry to hear of your troubles. I hope Health and wealth are restored and I am pleased that the you have an account that is producing.


57 posted on 08/07/2011 9:57:11 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: jpsb
Ugh!

It was already at 3% down earlier this evening. I had to take a break from it all to celebrate my anniversary and remind myself what I'm fighting for.

5%. Worse than I thought, but what my husband predicted.

Tomorrow morning is fixin to be another bloodbath. Hope I'm wrong....

58 posted on 08/07/2011 9:57:46 PM PDT by TheWriterTX (Buy Ammo Often,)
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To: mylife

http://www.youtube.com/user/walstreetpro2#p/u/0/KWu-efNN8PM


59 posted on 08/07/2011 9:57:49 PM PDT by Orange1998
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To: jpsb
I think consumer spending is going to dry up even more if possible. No one in their right mind would spend money they could save right now.

Unless you're spending money on goods that will be far more expensive next month. Gonna stock up on some bulk purchases this week. After all, my money is losing value sitting in the bank.

60 posted on 08/07/2011 9:58:37 PM PDT by roadcat
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