Optimist, I am a "disagreeable priick" because I'm subjected to daily abuse from retards on here who couldn't tie their own shoe laces, and who post on a finacial forum without even knowing how money gets created.

It wasn't just logic you just followed, it was RAW NUMBERS coming from a 40 year trend. This time won't be different, unless the system totally breaks down in which case it will get a lot more worse.

Gold could go to ZERO tomorrow and wipe a $5,000,000 investment and it would mean nothing to me. In fact conceivably it could make me happier since I'd be passing my paper wealth and other hard assets over to my daughters in a hopefully post-crisis peaceful world. As you can see, since you seem to follow this forum, I do go through histrionics every time gold go up or down a few dollars, those who don't own it do.

Cue in more abuse from the down under halfwits 4....3....2.....

"Cue in more abuse from the down under halfwits 4....3....2.....'

...1. you're an idiot melly!

Eeternal
My point on Menelaus' gold price theory was a little bit more than just the influencing factor of Menelaus' personal position.
He presents the graph and the susequent deductions as if it is something that has not already been seen and considered by thousands of other sophisticated investors ( not just whether the few posters on here are fully aware of it - that is an irrelevancy).
He clearly is saying that he thinks there is really zero chance of the gold not performing as well in the future as in the past 10 years or so. Really ?. You don't think there is any chance at all that it might just drift sideways for many years now to compensate for the recent upsurges caused by the obvious recent abnormal crises ? Many serious analysts do and they may  be equally correct in forecasting that it has run out of steam. They are not all idiots from " down under " believe me.
If you timed everything perfectly and are sitting on gold at avg prices well below the 800 dollar mark then you are obviously sitting pretty and should be holding tightand/ or cautiously adding more. That is what Menelaus is claiming he has achieved, and who is to dispute that claim. A win win situation for him, and one which very much cause him to rationalise the purchase of even more gold at today's levels based on his USG debt correlation theory. Well done to him. But to enter at these current price points to build up new positions, just based on a straight line extrapolation of this graph, well I and many others are not supremely confident on that investment philosophy, not in the sense that it absolutely cannot fail to be worthwhile ?
Menelaus is as usual far too one eyed and too one way in his thinking. He allows no room for doubt or that other market forces greater than the ones he has identified may prevail.

Right on cue the clowns from down under are piling in....if only predicting market movements was so easy.

froggy- did you not see the thread where melly heavily recommended  buying gold @ 1680 and if it went to 1630 to double up?

you would be the ZERO in all those equations melly.

Menelaus

Giving and receiving stick is part of the game. I get that and we indulge in it regularly on the politics forum. What I don't understand is why you would seek confrontation with someone you have had few if any previous dealings with and who asked you a perfectly reasonable question.

I appreciate that sometimes if you feel attacked on all sides that can promote a siege mentality but not everybody is out to get you and steal your secret stash of baked beans.

If true it does beg the question why you  are being attacked on all sides.

Been happening for centuries I think.
Money makes money.
Power corrupts etc etc
All the usual cliches I'm afraid to say.

eOptimist, the last thing I need on here is another wise-guy telling me the meaning of life.

I found the question (after cut & pasting my older post) in your original post confusing. It seemed like you were asking for my analysis why the FED can't stop easing, although by that time the main exchanges on the thread focused around the price of gold.

I asked you to specifically state what you wanted to know.

As it turns out I was right because your question turned out to be "where is gold going and why", which is believe it or not, an entirely different discussion as to why the FED can't stop easing.

I have no idea what your background is but based on the contents of your recent posts on here, neither economics nor finance is one of them. So in the future, if you are interested in having me post my views on anything related to economics or finance, ASK A SPECIFIC QUESTION so I don't have to tip toe through the bullsh1t the down under clown crew carpet bomb the forum with daily to figure out what it is you are asking.

And last but not least, although the system is very complex with a lot of variables that doesn't preclude outcomes of being a certainty. As far as I know, here on planet earth an apple still falls to earth from a tree EACH AND EVERY TIME. It's called......gravity. In economics it's.....fractional reserve monetary system. When there's not enough organic growth to pay the coupon, the system collapses. Everything else is noise. Try and wrap your head around that.

....may be so.....but evidently NOTHING from you.

There's nothing I hate more on here than pseudo-intellectualism.

Go back to the politics forum, where most apples don't fall to earth form a tree, they get gathered by mugs like you. Here on this forum, WHICH WAS MY WHOLE POINT that went over your pseudo-intellectual head, a monetary system without organic growth to pay the coupon collapses. Here, on Mars, in lala land where you live......EVERYWHERE.

The Spanish call them cojones.

I'm not a pseudo anything. I'm just a simple apple picker who was struck by the wisdom of one of the most intelligent men who ever lived. If anybody is the pseudo intellectual it is yourself talking down to people, trying to baffle them and then turning purple when someone smacks you in the knackers with the simple bat of pure logic.

So tell me. How do you like those apples? I picked em myself. Gravity had little to do with it but it sure brought you down to earth with a bump didn't it?

At your next appointment I'd book a double session if I were you. You may be some time.

It looks like I've managed to hook another halfwit on here.  The irony is, I wasn't even aiming for this mug, he was collateral damage.

Getting hooked was easy, "unhooking" yourself will be the tough part.........

Okay let's cut the cr@p and keep this real.

"Unhooking" yourself is impossible at this point.

Good luck trying though.

Head back to the Politics forum while there's still time mate.

The deeper you allow the hook in, the harder it will be for you to take it out.

I took the time to read some of of your stuff over there and I was rather surprised.

Verbose yes, pretty main stream views yes, not enough original thinking yes, but overall you seem to be on the right track on some issues.

You certainly didn't come across as the complete idiot you come across on here.

Move on, leave this economics stuff for others, nothing for you to see here.

Can't post much today, have to head to Heathrow this morning.

I didn't quite had to look hard, your stuff is all over the place over there. Angry posts, mainly "let's hang they rich" stuff, perhaps that's why you took a dislike to me so much.

I found your posts quite a contradiction to be honest. You could structure a sentence quite skillfully but the message was either childish or hollow. I need not go on further that when you were padding yourself on the back for the "apple always falls to the ground" thing when clearly it was a failed attempt by you to hide your faux pas from the previous post. The English was correct, the logic was school playground level. Quite the contradiction.

Your posts on the other forum follow pretty much the same pattern. You come on top of other posts preaching like a high priest, but the message is hollow. Not a single original idea on how to deal with today's key issue, that of the symbiotic relationship between bankers and politicians. Hanging them seems to be your solution. Angry stuff.

At any rate, you can stay or go back to politics, it really doesn't matter much. If you decide to stay, accept gravity for what it is, stop quoting things from Einstein trying to impress, ask specific questions so you can learn, and stop wanting to hang people it makes you look very angry. Which by the way explains the "rage" comments when I didn't as much raise my voice at you. You see the world through your angry eyes so to you everyone else must be "enraged" as well.

You have a lot to learn..........but that's what I'm here for. See you in a little over a week.

Menelaus

Ssssshhhhhhhhhhhhh. When using the fishing line you should be aware that it is the fish which wriggles around. The fisherman stays in control.

thread started almost 2 months ago.

today gold is 1549, down 72$.

recent low 1527.

many pundits now declaring gold is 'no longer a safe have'- no shitt sherlock!

remind me again melly- why is gold such a great investment?

fkn idiot.

I've only made a few trades on gold lately for little result. But am dirty as last night I had a sell order in at 1569 when it was 1572. it went up to 1580 so pulled the order. About an hour after I went to bed it plummeted. would have been a 40k plus result

gold back down  today. You clueless clueless mug melly.