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I'm laying under. First ten only, plus for a bit of craic reasons why. My own reasons are mine.
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Jeez, suppose I should put an amount. Honour plus a gentlemans bet.
Honour you say?
No wonder Melly didn't fall on this thread like a tramp on a bag of chips.
Stick me down for below two grand.
No wonder Melly didn't fall on this thread like a tramp on a bag of chips.
Stick me down for below two grand.
under. think it will finish not much different from where it is today.
Banwana 07 Jul 12 19:20
I'm laying under. First ten only, plus for a bit of craic reasons why. My own reasons are mine.
Banwana 07 Jul 12 19:23
Evens punt.
Banwana 07 Jul 12 19:25
Jeez, suppose I should put an amount. Honour plus a gentlemans bet.
Where did u get evens from.
Never seen This type of Market before
I'm laying under. First ten only, plus for a bit of craic reasons why. My own reasons are mine.
Banwana 07 Jul 12 19:23
Evens punt.
Banwana 07 Jul 12 19:25
Jeez, suppose I should put an amount. Honour plus a gentlemans bet.
Where did u get evens from.
Never seen This type of Market before
I'd definitely take 100/1 by year's end, probably even 100/1 at year's end.
I'd be tempted by anything over 20/1 by year's end, maybe 60 at years end.
I'd be tempted by anything over 20/1 by year's end, maybe 60 at years end.
As long as CBs don't lose control of the situation, there are signs that they are losing control but they haven't yet, gold will NEVER go over $2,000. Bernanke sent that message out loud and clear late last year, and he has managed gold in a heavy handed way ever since then. He is not about to make the same mistake as Volcker. These people are criminals, but they are certainly not stupid.
On June 21, 20,000 contracts (2,000,000 ounces) were dumped on Comex in the span of five minutes resulting in a sharp drop in the price of gold breaching critical technical support levels. The exercise was repeated on June 28 with 10,000 contracts. At the same time, lease rates were unaffected despite a $50 drop !!!!
What sane investor, who wants to liquidate a large position in gold dumps it all on the market at once, precipitating a sharp price drop, instead of liquidating the position over a longer period of time and getting a higher price? Who has enough gold to lease to the market in such a massive way, so lease rates remain unaffected?
I may not be able to see his hand, but the trail of his actions always lead me to his door.
There's those who really understand this stuff on here, and those who have turned this forum into a circus. Commenting on gold when they don't know or understand how the gold market works, commenting on inflation when they can't even tell you how inflation is calculated, commenting on quantitative easing when they really don't understand what the CBs are doing, commenting on just about anything and everything finance/economics related when their knowledge of the subject is anecdotal.
Leave your battered egos at the door and ask questions, it's the only way I'm going to help you learn.
On June 21, 20,000 contracts (2,000,000 ounces) were dumped on Comex in the span of five minutes resulting in a sharp drop in the price of gold breaching critical technical support levels. The exercise was repeated on June 28 with 10,000 contracts. At the same time, lease rates were unaffected despite a $50 drop !!!!
What sane investor, who wants to liquidate a large position in gold dumps it all on the market at once, precipitating a sharp price drop, instead of liquidating the position over a longer period of time and getting a higher price? Who has enough gold to lease to the market in such a massive way, so lease rates remain unaffected?
I may not be able to see his hand, but the trail of his actions always lead me to his door.
There's those who really understand this stuff on here, and those who have turned this forum into a circus. Commenting on gold when they don't know or understand how the gold market works, commenting on inflation when they can't even tell you how inflation is calculated, commenting on quantitative easing when they really don't understand what the CBs are doing, commenting on just about anything and everything finance/economics related when their knowledge of the subject is anecdotal.
Leave your battered egos at the door and ask questions, it's the only way I'm going to help you learn.
I'll just bet you wish you were a chocolate bar so you could eat yourself.
But you do raise a point which requires clarification. You often paint a bleak picture of the way things are going to go and do so in apocalyptic terms of absolute certainty. Are we beginning to see the first signs of cracks in the facade?
As long as CBs don't lose control of the situation, there are signs that they are losing control but they haven't yet, gold will NEVER go over $2,000. Bernanke sent that message out loud and clear late last year, and he has managed gold in a heavy handed way ever since then. He is not about to make the same mistake as Volcker. These people are criminals, but they are certainly not stupid.
What say you soothsayer?
As long as CBs don't lose control of the situation, there are signs that they are losing control but they haven't yet, gold will NEVER go over $2,000. Bernanke sent that message out loud and clear late last year, and he has managed gold in a heavy handed way ever since then. He is not about to make the same mistake as Volcker. These people are criminals, but they are certainly not stupid.
What say you soothsayer?
The discussion was about gold in which obviously you have zero to contribute but I will address your "hey, look over there" diversion nonetheless.
You often paint a bleak picture of the way things are going
I'll assume you are referring to the my quote "the system has already failed, it's just that most people haven't clued in yet"
History is littered with examples of an outcome already predetermined while people carry on believing that a different outcome is possible. The great depression had reached the "point of no return" despite the false optimism of the 1929-1932 market rallies. The outcome was already predetermined. The South lost the American Civil war at the decisive battle of Nashville in late 1864 despite the fact that the war carried on for a several more months into 1865. Their fate was sealed despite their optimism and their citizens carrying on believing in victory. The Germans lost WWII in the Russian winter. The outcome of the war already predetermined, despite their ill founded conviction that one final counter offensive (Battle of the Bulge) would turn things around. The outcome was predetermined but Albert Speer's efficient war support machine carried on as if there could be a different outcome. There are countless more examples like these throughout time.
You can believe what you want to believe, because by the end of the day we are all responsible for our own actions. That's the easy part. The tough part is gaining a solid understanding of current events to be able to allow you to reach the right conclusion. Mona Lisa wasn't painted with a roller brush.
You often paint a bleak picture of the way things are going
I'll assume you are referring to the my quote "the system has already failed, it's just that most people haven't clued in yet"
History is littered with examples of an outcome already predetermined while people carry on believing that a different outcome is possible. The great depression had reached the "point of no return" despite the false optimism of the 1929-1932 market rallies. The outcome was already predetermined. The South lost the American Civil war at the decisive battle of Nashville in late 1864 despite the fact that the war carried on for a several more months into 1865. Their fate was sealed despite their optimism and their citizens carrying on believing in victory. The Germans lost WWII in the Russian winter. The outcome of the war already predetermined, despite their ill founded conviction that one final counter offensive (Battle of the Bulge) would turn things around. The outcome was predetermined but Albert Speer's efficient war support machine carried on as if there could be a different outcome. There are countless more examples like these throughout time.
You can believe what you want to believe, because by the end of the day we are all responsible for our own actions. That's the easy part. The tough part is gaining a solid understanding of current events to be able to allow you to reach the right conclusion. Mona Lisa wasn't painted with a roller brush.
You will learn because I will teach you by drumming it into your think skull that there is nothing predetermined you fool. You are indulging yourself in post event rationalisation.
Let me explain by reference to one of your examples:
The Germans lost WWII in the Russian winter. The outcome of the war already predetermined, despite their ill founded conviction that one final counter offensive (Battle of the Bulge) would turn things around. The outcome was predetermined but Albert Speer's efficient war support machine carried on as if there could be a different outcome. There are countless more examples like these throughout time.
Poppycocck. This is seen by many as the turning point but there was nothing predetermined about it. I keep drawing you back into reality and that reality has to allow for human action. If the event was predetermined then nothing else could have happened to alter the course of the war. This is of course errant nonsense. For example, the Germans were actively pursuing the nuclear bomb. Had they succeeded in developing it then at any time the course of the war and indeed in all likelihood mankind would have been changed.
When will you learn?
Let me explain by reference to one of your examples:
The Germans lost WWII in the Russian winter. The outcome of the war already predetermined, despite their ill founded conviction that one final counter offensive (Battle of the Bulge) would turn things around. The outcome was predetermined but Albert Speer's efficient war support machine carried on as if there could be a different outcome. There are countless more examples like these throughout time.
Poppycocck. This is seen by many as the turning point but there was nothing predetermined about it. I keep drawing you back into reality and that reality has to allow for human action. If the event was predetermined then nothing else could have happened to alter the course of the war. This is of course errant nonsense. For example, the Germans were actively pursuing the nuclear bomb. Had they succeeded in developing it then at any time the course of the war and indeed in all likelihood mankind would have been changed.
When will you learn?
Same with the civil war. What if the British decided at a late juncture to intervene on the side of the south? That could well have changed the course of history. Again nothing predetermined. And on and on.
Human actions will determine now as they always do and then some idiot who doesn't know his arse from his elbow will be along pontificating and shouting out like a buffoon that of course it was predetermined.
Human actions will determine now as they always do and then some idiot who doesn't know his arse from his elbow will be along pontificating and shouting out like a buffoon that of course it was predetermined.
I'll be back again later to use your face as a dish cloth.
I'll add History to the long list of subjects you know nothing about.
Come to think of it though, you may be on to something, Aliens could arrive from outer space, buy all the toxic paper on bank balance sheets, buy all sovereign debt everywhere, while at the same time they hand over a new form of cheap energy which will replace oil. It sounds about as possible as bankrupt and powerless England intervening "just in time" to support the South in the American civil war, and the Germans developing the nuclear bomb "just in time".
Let's keep this simple from now on: YOU.ARE.AN.IDIOT.
Got it?
P.S. The Germans were about as close to developing a nuclear bomb as Saddam Hussein. Read Joachim Fest's "Speer: The Final Verdict" instead of losing your mind chasing shadows on here.
Come to think of it though, you may be on to something, Aliens could arrive from outer space, buy all the toxic paper on bank balance sheets, buy all sovereign debt everywhere, while at the same time they hand over a new form of cheap energy which will replace oil. It sounds about as possible as bankrupt and powerless England intervening "just in time" to support the South in the American civil war, and the Germans developing the nuclear bomb "just in time".
Let's keep this simple from now on: YOU.ARE.AN.IDIOT.
Got it?
P.S. The Germans were about as close to developing a nuclear bomb as Saddam Hussein. Read Joachim Fest's "Speer: The Final Verdict" instead of losing your mind chasing shadows on here.
I'll be back later to check on your progress. So far you are oscillating violently between denial and anger. Fun to watch and you'll eventually need to get over it.
P.S. You know that part about not being *that* mean, well, I lied.
P.S. You know that part about not being *that* mean, well, I lied.
I think I may have made a serious error. I've overestimated you. I won't do so in future. Did you say something about oscillating violently? How would you characterise calling someone bright and then an idiot so closely afterwards? I'm not sure your ego will allow you to get over it but you are still going to have to bend over.
I don't think you really get this predetermination thing do you? Or are you wanting to use a different definition than the one in common usage? Obviously the Nazis didn't produce the bomb but that is about as relevant as there being little chance of Britain entering the civil war. It was one of a series of potential events which makes your assertion as ridiculous as most of your others.
Shall we add it to the list?
I don't think you really get this predetermination thing do you? Or are you wanting to use a different definition than the one in common usage? Obviously the Nazis didn't produce the bomb but that is about as relevant as there being little chance of Britain entering the civil war. It was one of a series of potential events which makes your assertion as ridiculous as most of your others.
Shall we add it to the list?
One of your problems, besides playing with matches and having your clothes catch fire, is that you don't seem to know when you've been had.
The game is over. The damage is done. Underestimate me, overestimate me, insult me, or put me on pedestal and worship me, it doesn't matter anymore, it's too late.
A man's most prized possession is his mind, and you were stupid enough to let me in.
Get over it, before it totally destroys you.
The game is over. The damage is done. Underestimate me, overestimate me, insult me, or put me on pedestal and worship me, it doesn't matter anymore, it's too late.
A man's most prized possession is his mind, and you were stupid enough to let me in.
Get over it, before it totally destroys you.
So you keep saying but you don't seem to be saying much else. Don't you want to talk about predetermination? If there is such a thing it smacked you in the face the day I decided to drop in and smack your cheeks. It seems to be eating you up that I've metaphorically walked into your bedsit, sat on what passes for your couch and that your pet rats are happily eating cheese off my hand. I can see why that is hurting you.
If there is such a thing it smacked you in the face the day I decided to drop in and smack your cheeks. It seems to be eating you up that I've metaphorically walked into your bedsit, sat on what passes for your couch and that your pet rats are happily eating cheese off my hand. I can see why that is hurting you.
Do you ever wonder why I kept telling you "you write well"?
Go back and read your last post.
Clued in yet?
You are still solidly in the anger phase. You should be angry. But not at me, but rather yourself. Only a stupid man allows a complete stranger inside his mind to arouse this kind of anger by just "ringing bells".
Go back and read your last post.
Clued in yet?
You are still solidly in the anger phase. You should be angry. But not at me, but rather yourself. Only a stupid man allows a complete stranger inside his mind to arouse this kind of anger by just "ringing bells".
Of course you have convinced yourself that I am angry. It acts as a comfort blanket for you. I understand your predicament. I wonder if the mouse being toyed with by the cat prior to consumption ever has a moment where he asks himself if the cat is angry, hungry or enjoying himself and ultimately does it really matter when he is going to be eaten alive?
I can go on toying with you forever but the same chaps who taught how to get into your mind also taught me to move on when the job is done.
You do realize that the name "Menelaus" will stay in your mind until the day you die, yes?
Rant now sucker, rant. Show me how that colorful language can mask ignorance and anger. Rant.
You do realize that the name "Menelaus" will stay in your mind until the day you die, yes?
Rant now sucker, rant. Show me how that colorful language can mask ignorance and anger. Rant.
as if you would have any idea melly.Your an embarrassment to the northern hemisphere.
You are good guys both of you, but I thought "Melenius" sounded funny. Is that a relative to Sibelius?
gold out to 125/1 to make 2k by chrissie.
silver 5000/1 to make 100$ by the same time
silver 5000/1 to make 100$ by the same time
This was only to be a fun post but I do have to stand by my original post. I think Gold and oil have raped for the past few months. No offence meant but economists have the word strength of astrologists at present (if they were ever better is worth a debate in my head). I do think the FED will have a huge SuperBen injection of QE3 before the end of this year. If Mel believes they are already hiddenly printing then does it not give this additional (fake) injection an even stronger pretend burst? I have said for a long time that I don't think this ends well. But, I still think there is money to be made before the harder decisions come.
the interesting thing for our inflation crusader is that IF the fed is still printing, and IF the BOE kept printing, as melly claims, then why why why are the economies so inflation free?
Kinda blows the whole argument out of the water.
Point 2. What will make gold rise to 2000$??? An event or simply an inflation hedge??
If money printing causes inflation and, according to melly, printing has never stopped behind closed doors, why is'nt inflation and hence gold already much higher?
Kinda blows the whole argument out of the water.
Point 2. What will make gold rise to 2000$??? An event or simply an inflation hedge??
If money printing causes inflation and, according to melly, printing has never stopped behind closed doors, why is'nt inflation and hence gold already much higher?
Inflation free ?!?!?
Tell me how you know that.
P.S. and you still haven't a clue what gold is all about, but I'll take you to school on that another time. Inflation "free" first.
Tell me how you know that.
P.S. and you still haven't a clue what gold is all about, but I'll take you to school on that another time. Inflation "free" first.
We aren't inflation free but there wasn't a tsunami of inflation within 3-6 months and there still hasn't been one nearly two years later:
So if you were wrong about that what else might you be wrong about?
So if you were wrong about that what else might you be wrong about?
Impressive how that strawman was lanced to death mercilessly
your problem melly,one of dozens, is that you believe that inflation will cause gold to rise.That is not the case in reality.
you also believe that printing money causes inflation- a case your have an epic fail in making.
others here know better.
ps. we are having fun playing with you
you also believe that printing money causes inflation- a case your have an epic fail in making.
others here know better.
ps. we are having fun playing with you
It all seems to point that way and then he makes this statement:
gold will NEVER go over $2,000.
Clearly he is madder than Mad Jock McMad and he was seriously mad.
gold will NEVER go over $2,000.
Clearly he is madder than Mad Jock McMad and he was seriously mad.
It's your style to omit, lie, set up strawmen, distort, obfuscate, divert, misquote and misrepresent what I post on here. Calling you pathetic is starting to compliment you.
This is what I posted. Read it carefully, that first part you omitted will become very important some day.
As long as CBs don't lose control of the situation, there are signs that they are losing control but they haven't yet, gold will NEVER go over $2,000
This is what I posted. Read it carefully, that first part you omitted will become very important some day.
As long as CBs don't lose control of the situation, there are signs that they are losing control but they haven't yet, gold will NEVER go over $2,000
And those first three words my friend are crucial as they explode your certainty into a million tiny pieces because they perfectly illustrate that your mathematical certainties are fatally flawed because they cannot account for the actions of people and the consequences which flow from those actions.
Game, set and match. Pick your ball up, take it home, go into the garden, walk to the shed, bring out the fuel, pour it onto said ball, light it and then wait to bury the ashes because you have been done up like a kipper.
You mat be good but as long as I keep popping around you aill always be second best because your intellectual ceiling will only ever be my floor.
Remember thos three words kid:
AS LONG AS.
Because as long as you have a hole in your arse you will never get the better of me.
Oooooooorrrrraaaahhhhhhhhhhhhhhhhhhh.
Game, set and match. Pick your ball up, take it home, go into the garden, walk to the shed, bring out the fuel, pour it onto said ball, light it and then wait to bury the ashes because you have been done up like a kipper.
You mat be good but as long as I keep popping around you aill always be second best because your intellectual ceiling will only ever be my floor.
Remember thos three words kid:
AS LONG AS.
Because as long as you have a hole in your arse you will never get the better of me.
Oooooooorrrrraaaahhhhhhhhhhhhhhhhhhh.
I bet it was tough to restrain yourself from running at the bull for entire 30 minutes after seeing the red flag you were so eagerly waiting.
As for the rest of your post, worthless.
Just about the same as all the other autoerotic asphyxiation sh1t you and your alter ego keep putting up here under thundering applause from the halfwit cartel.
There's *reason* neither you, or your alter ego, posted on here before, and it's becoming more obvious, and more pathetic, by the day.
As for the rest of your post, worthless.
Just about the same as all the other autoerotic asphyxiation sh1t you and your alter ego keep putting up here under thundering applause from the halfwit cartel.
There's *reason* neither you, or your alter ego, posted on here before, and it's becoming more obvious, and more pathetic, by the day.
That's what he always does EO. He won't ever move off the fence because that would actually require some critical thinking, and would almost certainly expose him as the complete fraud he is.
"Gold will go up, unless of course it goes down"
"Gold will go up, unless of course it goes down"
Melly
I don't think it was worthless. In fact I think it goes to the heart of your problem. Your intellectual problem. I'll leave the rest to an army of psychiatrists.
I don't think it was worthless. In fact I think it goes to the heart of your problem. Your intellectual problem. I'll leave the rest to an army of psychiatrists.
"gold out to 125/1 to make 2k by chrissie."
MrBen, where can i get those odds? I have some highly reliable info* indicating it's a dead cert
*Menelaus 15 Jul 12 11:05 gold will NEVER go over $2,000
MrBen, where can i get those odds? I have some highly reliable info* indicating it's a dead cert
*Menelaus 15 Jul 12 11:05 gold will NEVER go over $2,000
Mrben 15 Jul 12 03:53
your problem melly,one of dozens, is that you believe that inflation will cause gold to rise.That is not the case in reality.
you also believe that printing money causes inflation- a case your have an epic fail in making.
others here know better.
ps. we are having fun playing with you
Inflation equals gold rise.
Well surly in the long term it does
your problem melly,one of dozens, is that you believe that inflation will cause gold to rise.That is not the case in reality.
you also believe that printing money causes inflation- a case your have an epic fail in making.
others here know better.
ps. we are having fun playing with you
Inflation equals gold rise.
Well surly in the long term it does
carlos- all the evidence suggests otherwise.That's just what THEY keep telling you.
melly believes it, we all know what a pitiful record he has.
case closed.
polybot- yeh I get it, if melly says it will never happen, it makes it a CERTAINTY!!!!
melly believes it, we all know what a pitiful record he has.
case closed.polybot-
yeh I get it, if melly says it will never happen, it makes it a CERTAINTY!!!!
carlos
Inflation doesn't cause a rise in the gold price. Fear does.
Inflation doesn't cause a rise in the gold price. Fear does.
r looked at another way. Gold remains pretty much at a constant price when measured against other tangibles. An ounce of gold will buy you a fine suit today. It would have bought you a fine suit in Roman times. It isn't a hedge against inflation. It is a hedge against things going pop.
For those who like such things. For others it is shiny and looks nice hanging around their neck when driving the pimp mobile.
I'm not an expert in in this field lads. Studied it like 10 years ago and tbh knew f00k all then so can't know too much.
1 thing iv noticed is about 5 years ago I started checking gold prices and house prices yeh.
Now this is wat I found, wen gold is low houses sell about 35-35% more
1 thing iv noticed is about 5 years ago I started checking gold prices and house prices yeh.
Now this is wat I found, wen gold is low houses sell about 35-35% more
Continued. IPhone is playin up. 25-35% not 35-35.
So wat I found iS in 2010 July-august-September gold was selling at 23-24k a kilo just prior to that say last 2 years gold was a consistant price say abt 27k but in 2010 july-September people started to buy with renewed confidence. And then bang, gold exceeded 30k a kilo for the first time in history and the sale of houses came to an halt.
We r now still in the halt period. Would love to know wen we r gona come out
So wat I found iS in 2010 July-august-September gold was selling at 23-24k a kilo just prior to that say last 2 years gold was a consistant price say abt 27k but in 2010 july-September people started to buy with renewed confidence. And then bang, gold exceeded 30k a kilo for the first time in history and the sale of houses came to an halt.
We r now still in the halt period. Would love to know wen we r gona come out
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