Sold another 5 Oz today

[shortstack]

Originally Posted by Gordon Gekko

I am not trying to be rude, although it would probably be merited, but I believe you are the confused one. If you have been following the markets at all the past year or so, you would know that the dollar has weakened when positive economic data is released. The logic behind this, since you don't seem to understand, is that if the U.S. economy is on the mend, investors are going to take their $ out of treasuries and cash and invest in riskier assets. This will in turn further weaken the dollar.

You think the economy and the USD are going to "strengthen" simultaneously. I am trying to figure out if you can back-up this theory.

OK, ill bite. An alternative would be that as the US economy get stronger, the Treasury will enjoy increased tax revenues, thus they will borrow less and perhaps even pay down some debt. Also, the Fed would be in a better position to increase interest rates as the economy can take the stress of higher rates. This is what Kudlow, little miss, "KING DOLLAR" says. But so do alot of other economists. And a higher Fed rate supports the dollar, as a lower rate weakens the dollar.

All that said, the strength of the USD has less and less to do with the price of PM's. I think my "paradigm shift" in investor attitudes twords PM's is starting to take hold. My paradigm shift works like this:

All the "rich old guys" with millions sitting on the sidelines (their cash is invested in MM funds) start to redeem their MM funds. They then invest some of the redemption proceeds in metals, as that is what Paulson, Tudor Jones, Eihorn, pension funds, and the world central banks (including india's recent purchase of 200 tons from the IMF) are doing. The metals are now on the radar for these rich old guys as well. And they own a fair amount of the 4 trillion currently invested in MM funds. Except many still want to be in cash. At the same time, they see MM funds yielding close to zero. So they think, eureka, metals are the same as "cash". Why not shift some MM cash into the PM space, seeing as how MM funds AND metals = cash...

[Wilhelm]

Originally Posted by Wilhelm

thanks for the fade

Again, mucho thanks GB123.

I was going to take a bit off the table myself, but after reading your initial completely incoherent post, I decided to stay long.

I'm going to add you to my permanent fade list, joining the likes of Got Goldies, The Decider, and Jim Nadler......talk about a Dream Team

[Apocalypto]

1084.65, and rising.

[rodzm]

Guys guys I found a bit of news on what we are seeing right now with Goldbuyer123 selling. It really does bring to light what he is doing. Check it out

Stocks pare losses as commodity prices rise; Gold hits new highs!
Islamabad (Who knows)- Investors such as Goldbuyer123 sidestepped some of their doubts about the strength of precious metals recovery and pushed into energy, industrial and materials stocks as commodity prices rose.
As gold traded sideways within record highs, investor Goldbuyer123 decided to partake in profits of new highs seen on gold. The reason? “We are not on the Titanic” and “Jobs are coming to real estate, manufacturing, service, education, healthcare, etc.”
In other news…Health care products maker Johnson & Johnson said it would cut up to 7 percent of its global work force and streamline its business structure to save up to $900 million next year.

[GoldBuyer123]

Originally Posted by rodzm

Guys guys I found a bit of news on what we are seeing right now with Goldbuyer123 selling. It really does bring to light what he is doing. Check it out

Whoaaaa. I'm famous.

I saw that JnJ news announcement. Good for them.

[VTEEZER]

Originally Posted by GoldBuyer123

Realestate, manufacturing, service, education, healthcare, etc.

You're joking I hope! The commercial RE Market in my state is getting crushed right now and the bubble has just started to burst. The residential market had a little temporary spike due to an unsustainable first time buyer program that will just put more bad paper on the books. If they bring it back it will only temporarily re-inflate the housing bubble. The country is financially broke. The smoke and mirrors aren't working. Most Americans know this now, at least the ones with any smarts. This is reflected in the consumer confidence polls. Here read it yourself..

"Just 10 Percent of Americans Rate the Economy Positively"

"News/Washington Post poll last week, a resounding 82 percent reported – based on their experience and despite what economists have said – the recession is not over. "

http://abcnews.go.com/PollingUnit/ab...ory?id=8925847

Even the store bought media can't hide the facts!


Buffett is trying the only thing he can to save his wealth, which is to try to convince fools that everything is hunky-dory. Meanwhile you can bet your sweet bippy that he's also hedged to the max. Don't worry about poor old Warren he'll be just fine no matter what. It's the middle class that going to take it in the shorts!

[GoldBuyer123]

CNI pays $10 over spot for Krugs. I think it helps if everybody piles on me. I want to sell another 5 tomorrow am, so keep it coming. I want $1100/Oz.

[Gordon Gekko]

I don't know why you have such a bad attitude about everything. It's like you have a chip on your shoulder for some reason.

If you trust that the government can turn things around without causing any more problems and fixing the ones that exist, that is your opinion and I respect it. I wholeheartedly disagree that they can accomplish that, but I respect your opinion. You just don't need to be a jerk delivering your seemingly weekly updates about your purchases, sales, and your misguided opinion about the direction of the U.S. economy.

[ccjoe]

Originally Posted by GoldBuyer123

Yes, don't be rude. The dollars strength is relative. It's weak because the FEDs want it that way. They can turn that around in seconds. Yes, at this point that would cause other more dire problems. BUT as some point (economic recovery, which is happening), this action will be taken, the $ will strengthen, adn PMs will fall in value.

This is all I'm saying.

Hey, boss (i.e. White Rabbit) can you overnight my paycheck?

123--You are fun and probably are worth more money than 99% of the people here. BUT---This thread is right out of Steve Liesman on MSNBC and the morons who used to and are still laughing at Peter Shiff. PM's are and are going to continue to skyrocket. The fundamentals are getting worse by the second.
The real unemployment rate is 20%! There is NO recovery and won't be for maybe decades. I just don't get this thinking at GIM where people have thought patterns that discern beyond the media BS.
FYI---I don't like this piling on herd mentality either.

[rodzm]

Originally Posted by GoldBuyer123

CNI pays $10 over spot for Krugs. I think it helps if everybody piles on me. I want to sell another 5 tomorrow am, so keep it coming. I want $1100/Oz.

Youre either a troll or just a fool who knows no better.

Wow Inida is buying 200 metric tons of gold and youre selling. Whoever your financial advisor is should get fired. Hell for all we know you may just be someone pretending to have any sort of PMs. I m starting to believe its the latter.

Take some economic classes, or better yet why not listen to some common sense

Originally Posted by Gordon Gekko

I don't know why you have such a bad attitude about everything. It's like you have a chip on your shoulder for some reason.

If you trust that the government can turn things around without causing any more problems and fixing the ones that exist, that is your opinion and I respect it. I wholeheartedly disagree that they can accomplish that, but I respect your opinion. You just don't need to be a jerk delivering your seemingly weekly updates about your purchases, sales, and your misguided opinion about the direction of the U.S. economy.

Hey GG have you thought that maybe he doesnt own one bit of PMs. Most people are discreet about what they own. Its usually the case for showoffs to not have anything they say they have.

[War Pig]

Originally Posted by GoldBuyer123

Did you read the article? Keys words for you to look for are
*** Expansion ***
*** encouraging signs ***
*** economic activity rose ***
*** rose, rises, etc etc ***

I said jobs "ARE" coming.

This is the problem with this forum. Very very negative, never fully reading and with no comprehension.

That's funny...I don't care who you are. YOU are the one with the dubious distinction of being crowned GIM's "Anus Extremus en Perpetuum".

I'm tellin' ya the Corps still needs bullet bitches and you are a prime candidate. I'll get my gunny on the phone for ya cupcake. Put us out of your misery.

[ccjoe]

Originally Posted by rodzm

Guys guys I found a bit of news on what we are seeing right now with Goldbuyer123 selling. It really does bring to light what he is doing. Check it out

ROD---I just fell out of my chair laughing!
At least 123 is taking his let's say errant thinking to be euphemistic as a good sport.
Man--Maybe he is spoofing us as a late halloween prank as he has usually been rational?

[shortstack]

Originally Posted by War Pig

That's funny...I don't care who you are. YOU are the one with the dubious distinction of being crowned GIM's "Anus Extremus en Perpetuum".

I'm tellin' ya the Corps still needs bullet bitches and you are a prime candidate. I'll get my gunny on the phone for ya cupcake. Put us out of your misery.

the OP is calling for an optimistic future. And that just sticks in your craw. I know! You must be one of those anti-american, tofu eating, baby killing, liberals from the east coast.

[chad]

i don't see what's so wrong about selling in to a rally. nobody knows if it's going higher or not. it could fall $80 for all anybody here knows tomorrow. nobody saw today coming either.

[ccjoe]

Originally Posted by chad

i don't see what's so wrong about selling in to a rally. nobody knows if it's going higher or not. it could fall $80 for all anybody here knows tomorrow. nobody saw today coming either.

Chad--I think it was 123 telling everyone that PM's are going down or whatever negative he said. Him selling was not what pissed everyone off. It was like going to a toyota dealership and saying chevys are better.
WE live and die for our PM's and have researched this stuff ad infinitum so it doesn't go over big here when we hear the MSBC party line crap in our home of reality based thinking.

[GoldBuyer123]

Originally Posted by War Pig

That's funny...I don't care who you are. YOU are the one with the dubious distinction of being crowned GIM's "Anus Extremus en Perpetuum".

I'm tellin' ya the Corps still needs bullet bitches and you are a prime candidate. I'll get my gunny on the phone for ya cupcake. Put us out of your misery.

Oh'boy aren't you a mean one.

[The Argent Dragon]

Hey Goldbuyer123,

I just wanted to say, "THANK YOU" for your sale of 5-oz and taking a 'hit' for the team. I don't care what anyone says about your market analysis, the dramatic rise in SILVER was a huge success !!!

[GoldBuyer123]

Originally Posted by ccjoe

Chad--I think it was 123 telling everyone that PM's are going down or whatever negative he said. Him selling was not what pissed everyone off. It was like going to a toyota dealership and saying chevys are better.
WE live and die for our PM's and have researched this stuff ad infinitum so it doesn't go over big here when we hear the MSBC party line crap in our home of reality based thinking.

I thought this was about investing in PMs. You know, Buying and Selling.

I'm serious as a freakin heart attack, pile on me. I think it's positive for PMs. I so want so badly $1100 each for my Krugs.

I just did a calc and I'm about up 15% on the year (cash+PMs), after spending boat loads on home improvements and toys.

[GoldBuyer123]

Originally Posted by The Argent Dragon

Hey Goldbuyer123,

I just wanted to say, "THANK YOU" for your sale of 5-oz and taking a 'hit' for the team. I don't care what anyone says about your market analysis, the dramatic rise in SILVER was a huge success !!!

Thanks! Good Mojo for everybody.

[drewfu]

I can't understand why people care about this thread.

This guy is a nobody, who cares whether he sells or not?

If you have fundamental reasons for buying no tiddly-wink poster with half-assed claims based on fiat currency and government numbers will convince you.

It's not like he's offered any PROOF of claims after all...

[GoldBuyer123]

Originally Posted by drewfu

I can't understand why people care about this thread.

This guy is a nobody, who cares whether he sells or not?

If you have fundamental reasons for buying no tiddly-wink poster with half-assed claims based on fiat currency and government numbers will convince you.

It's not like he's offered any PROOF of claims after all...

It's the same with religious zealots. Their beliefs are shallow, and they cannot stand having to face their own doubts. Rather then engage in serious debate, it is far easier to shout/scream and hurl objects.

[drewfu]

Originally Posted by GoldBuyer123

It's the same with religious zealots. Their beliefs are shallow, and they cannot stand having to face their own doubts. Rather then engage in serious debate, it is far easier to shout/scream and hurl objects.

Eh, you're probably right. Thought I might wake a few members up but it seems they are sound asleep and the blinders are on.

[War Pig]

Originally Posted by shortstack

the OP is calling for an optimistic future. And that just sticks in your craw. I know! You must be one of those anti-american, tofu eating, baby killing, liberals from the east coast.

Sounds like a sock puppet to me.

[Turner-son]

I can understand wanting to sell at an all time high. The only thing I don't understand is selling and buying physical. Why not play with GLD or the other ETF?

MHO - Buy physical for the stash. Play the paper game with the paper.

[drewfu]

Originally Posted by Turner-son

I can understand wanting to sell at an all time high. The only thing I don't understand is selling and buying physical. Why not play with GLD or the other ETF?

MHO - Buy physical for the stash. Play the paper game with the paper.

Good to see you again, Turner, but I don't think you GET it.

[Turner-son]

Originally Posted by drewfu

Good to see you again, Turner, but I don't think you GET it.

... Nope, I guess not.

[GoldBuyer123]

Originally Posted by Turner-son

I can understand wanting to sell at an all time high. The only thing I don't understand is selling and buying physical. Why not play with GLD or the other ETF?

MHO - Buy physical for the stash. Play the paper game with the paper.

I've been burned bad with paper. Equities, such that I don't even remember my brokerage account password anymore. I like to hold something real rather then read numbers off the screen. Besides there is something so ultimately cool about handing over a few coins and getting a very large stack of 100s back.

[aybesee123]

Reading this reminds me of reading Yahoo message board for stocks. There is always 2 or 3 saying they "just bought 90,000 shares at 13.50", lots of make believe going on. Most likely from young kids who just opened up a scottrade account with 500 bucks. Oh well....it makes for something to read. The bright side is I finally found a quote after all these years...

[Stealinator]

Originally Posted by ccjoe

Like I said 18 hours ago NOT A GOOD TIME TO SELL PMS!!!!!!

Actually , if you need the money and bought in heavy, sub-$1,000, it is an excellent time to sell. I bought more gold and silver this year than I intended. With the idea that if I did need the cash, I could just liquidate a little bit of the stash. Have found out that it is alot easier in theory. I do not want to part, simply because....gold is expensive and going up even more.

[shortstack]

Originally Posted by War Pig

Sounds like a sock puppet to me.

Have you looked in the mirror lately, little miss October 2009 start date?