Comments on: Gold Fever is About to Hit http://www.dailyreckoning.com.au/gold-fever-2/2008/05/21/ An independent perspective on the Australian and global investment markets Sun, 21 Mar 2010 13:47:20 +0000 http://wordpress.org/?v=2.8 hourly 1 By: warren http://www.dailyreckoning.com.au/gold-fever-2/2008/05/21/comment-page-1/#comment-30805 warren Wed, 16 Jul 2008 20:08:28 +0000 http://www.dailyreckoning.com.au/?p=2715#comment-30805 Does anyone remember how just prior to the crash of 29 that three big bankers came out to the public and made a grand statement that there was plenty of money in the banks, the economy was strong, and everything was going to be just fine. If I remember history correctly that was a day or two before the markets blew off the top 25% and proceeded to end the three bankers careers. Anytime I hear anything from the government how it is going to solve a massive problem. I get afraid, very afraid. It has manage to wreck everything it touches. The bigger the problem the greater the wreckage. We are looking into an economic abyss from which there is no coming back. Does anyone remember how just prior to the crash of 29 that three big bankers came out to the public and made a grand statement that there was plenty of money in the banks, the economy was strong, and everything was going to be just fine. If I remember history correctly that was a day or two before the markets blew off the top 25% and proceeded to end the three bankers careers. Anytime I hear anything from the government how it is going to solve a massive problem. I get afraid, very afraid. It has manage to wreck everything it touches. The bigger the problem the greater the wreckage. We are looking into an economic abyss from which there is no coming back.

]]> By: failed student http://www.dailyreckoning.com.au/gold-fever-2/2008/05/21/comment-page-1/#comment-30771 failed student Wed, 16 Jul 2008 11:39:40 +0000 http://www.dailyreckoning.com.au/?p=2715#comment-30771 I am just a poor novice but I studied my MBA (Master of Bugger-all) and an old professor who who I respect said University and most research was middle class welfare, I guess I agree, Tainter in the Collapse of complex societies suggests most of the significant work has been done in most fields, and the law of diminishing returns rules, much more cost and research for little gain, we even go backwards he suggests because life is so much more complex than it needs to be. Sounds like leveraged derivatives maybe :) I am just a poor novice but I studied my MBA (Master of Bugger-all) and an old professor who who I respect said University and most research was middle class welfare, I guess I agree, Tainter in the Collapse of complex societies suggests most of the significant work has been done in most fields, and the law of diminishing returns rules, much more cost and research for little gain, we even go backwards he suggests because life is so much more complex than it needs to be. Sounds like leveraged derivatives maybe :)

]]> By: darrus http://www.dailyreckoning.com.au/gold-fever-2/2008/05/21/comment-page-1/#comment-30557 darrus Mon, 14 Jul 2008 13:32:59 +0000 http://www.dailyreckoning.com.au/?p=2715#comment-30557 "Universities impoverish society; the scholars inevitably reduce the net knowledge of the population with foolish ideas and preposterous plans." Oh God, kiss me Bill! Your words have set me on fire! A girl waits for eeeeons to hear such words of truth! "Universities impoverish society; the scholars inevitably reduce the net knowledge of the population with foolish ideas and preposterous plans." Oh God, kiss me Bill! Your words have set me on fire! A girl waits for eeeeons to hear such words of truth!

]]> By: liz zaleski http://www.dailyreckoning.com.au/gold-fever-2/2008/05/21/comment-page-1/#comment-25433 liz zaleski Tue, 03 Jun 2008 11:58:10 +0000 http://www.dailyreckoning.com.au/?p=2715#comment-25433 Just a word to support universities - they often teach utter drivel, but they force every student to seek out articles, information and others opinions about that particular piece of irrelevancy. A university trained person, when faced with a dilemma, seeks out whatever information they can find on that problem. They do have better chance of making an informed decision because of that strategy! Just a word to support universities - they often teach utter drivel, but they force every student to seek out articles, information and others opinions about that particular piece of irrelevancy. A university trained person, when faced with a dilemma, seeks out whatever information they can find on that problem. They do have better chance of making an informed decision because of that strategy!

]]> By: Edward http://www.dailyreckoning.com.au/gold-fever-2/2008/05/21/comment-page-1/#comment-24172 Edward Sun, 25 May 2008 02:39:51 +0000 http://www.dailyreckoning.com.au/?p=2715#comment-24172 The Fed Reserve statements of April 5 2006 compared with same for May 21 2008, show a massive swing to short term maturities. This may result in another credit squeeze in next 15 days? The gold price charts indicate an recent upward breakout. The Gold to Oil ratio is now under 7 times compared to historical 11 or 15 depending on when it is measured. Apart from costs of mining, there are many reasons why gold should see $1100 in the next 12 months. Even then it won't be expensive! The Fed Reserve statements of April 5 2006 compared with same for May 21 2008, show a massive swing to short term maturities. This may result in another credit squeeze in next 15 days? The gold price charts indicate an recent upward breakout. The Gold to Oil ratio is now under 7 times compared to historical 11 or 15 depending on when it is measured. Apart from costs of mining, there are many reasons why gold should see $1100 in the next 12 months. Even then it won't be expensive!

]]> By: kage http://www.dailyreckoning.com.au/gold-fever-2/2008/05/21/comment-page-1/#comment-23883 kage Thu, 22 May 2008 23:39:39 +0000 http://www.dailyreckoning.com.au/?p=2715#comment-23883 Robert, Thanks to the massive inertia in public perception, there are no alternatives in the public consciousness. This is deliberate to ensure wealth remains in the fiat regime, where it can be deflated in a relatively low impact manner. Unfortunately this time, the fiat regime has extended into the real economy too much, and the unwind can't simply proceed in the equity markets as usual. The regular gold takedowns are a deliberate strategy of blocking the fire escape when everything else is burning. Wealth destruction awaits those who simply accept the blocking tactics. Robert,
Thanks to the massive inertia in public perception, there are no alternatives in the public consciousness. This is deliberate to ensure wealth remains in the fiat regime, where it can be deflated in a relatively low impact manner. Unfortunately this time, the fiat regime has extended into the real economy too much, and the unwind can't simply proceed in the equity markets as usual. The regular gold takedowns are a deliberate strategy of blocking the fire escape when everything else is burning. Wealth destruction awaits those who simply accept the blocking tactics.

]]> By: jack Bonner http://www.dailyreckoning.com.au/gold-fever-2/2008/05/21/comment-page-1/#comment-23850 jack Bonner Thu, 22 May 2008 17:38:42 +0000 http://www.dailyreckoning.com.au/?p=2715#comment-23850 As usual a deep preoccupation with the US. And also as usual the commentary is cast in dark tones, and rightfully so; things are looking bad for the US. But we, of a certain age, recall that all great societies have had lean years, bad leaders and noisy critics. I will not belabor the decline, fall and rise of Great Britan, France (still in progress), Germany, Japan, and so it goes. But I will point out that Bonner's and Bloomberg's assessment notwithstanding, the US has more of a chance of making a mid-path correction than any nation visible at this point in time. Is is probable? 70/30 NO. But not quite done yet, at least the rest you better hope it is so. "Too bright to fail" may be too good to be true but it sells, does it not Mr Bonner? As usual a deep preoccupation with the US. And also as usual the commentary is cast in dark tones, and rightfully so; things are looking bad for the US. But we, of a certain age, recall that all great societies have had lean years, bad leaders and noisy critics. I will not belabor the decline, fall and rise of Great Britan, France (still in progress), Germany, Japan, and so it goes. But I will point out that Bonner's and Bloomberg's assessment notwithstanding, the US has more of a chance of making a mid-path correction than any nation visible at this point in time. Is is probable? 70/30 NO. But not quite done yet, at least the rest you better hope it is so. "Too bright to fail" may be too good to be true but it sells, does it not Mr Bonner?

]]> By: Robert http://www.dailyreckoning.com.au/gold-fever-2/2008/05/21/comment-page-1/#comment-23729 Robert Wed, 21 May 2008 22:46:26 +0000 http://www.dailyreckoning.com.au/?p=2715#comment-23729 Bill Re gold growth what is the result against accumulation indexes ie share growth plus dividends paid for the period. I agree that currency is corrupted but what are the alternatives. Bill

Re gold growth what is the result against accumulation indexes ie share growth plus dividends paid for the period. I agree that currency is corrupted but what are the alternatives.

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