MKT VECT GOLD MNRS (GDX)

All Comments on GDX

  • commenter
    Alan
    Brochstein
    Oct 12 10:24 PM
    My Website
    Roger Wiegand: 'Severe Bull Market' Ahead for Gold [view article]
    I tend to agree that gold isn't what it used to be, as the world isn't either. Having been without power for a week and without internet in my home office for 12 days, I now appreciate better what the world's greatest needs are.

    If the world isn't coming to an end, gold will go down or at least not go up. There have been too many "hedgers" buying it. If the world is coming to an end, owners of gold, be they individuals or central banks, will liquidate it en masse.

    According to Wikipedia, the world's central banks and the IMF own a combined 30 tons roughly of gold (about $800 billion worth). That sounds like a lot until you realize it isn't. I think what people don't seem to get is that we don't have a situation where just the U.S. has problems, but the rest of the world, perhaps even worse. After Iceland, is anyone in the leading nations going to put their money or invest in smaller ones? No, inflation isn't a problem. All of the money that they print won't be chasing "too few goods" but rather replacing current banking capital. Yet, with now seemingly every price falling due to the high demand for currency (to repay debt), people would have you believe that gold should go up? Insane...     Reply
  • commenter
    Xyrus
    Oct 12 01:02 PM
    Global Stock Markets: In the Grip of Fear? [view article]
    There is fear driven selling and there is logic driven selling. In this case, thy happen to coincide.

    One of the reasons why all these announcements of bailout and such don't sem to have any impact is because there is no truth hat these measures will do anything. That is backed up by the fact that they haven't one anything. Almost as soon as one plan is approved it either needs to be immediately increased or another plan has to be created.

    That ends up painting a picture that even our "leaders" really don't have a clue to how large and deep the credit crisis really is. Until they're more certain, people in general are going to sit it out on the sidelines and cash out.

    This is as much a crisis in confidence and trust as it is a financial crisis. Face it, the general populace has been lied to many time over the past in regards to the crisis. Firms have reassured their investors only to have to back track weeks later. Banks have reassured their depositors only to have the FDIC come in and take them over.

    If people don't trust banks, companies, or their leaders then they aren't going to put their money anywhere near them.

    And did I mention that the bailout package was extremely unpopular but was rammed through congress anyway?

    Here's the truth. No one knows how bad this is going to get. The Lehman settlement showed us one thing, that things are worse than they seem. Institutions still are not being 100% forthcoming. They will be forced to over the next couple of years, but until that happens the market is going to be a roller coaster at best.

    ~X~     Reply
  • commenter
    gollwoods22
    Oct 12 08:53 AM
    Global Stock Markets: In the Grip of Fear? [view article]
    how would a unified currency worldwide be backed ? Reply
  • commenter
    venividivici
    Oct 12 08:26 AM
    Global Stock Markets: In the Grip of Fear? [view article]
    Good cartoon. Maybe it's time for a lot of the pigs to be sent off to the slaughterhouse. Reply
  • commenter
    Tao Man
    Oct 11 02:49 PM
    Roger Wiegand: 'Severe Bull Market' Ahead for Gold [view article]
    In chaos nobody is going to have any use for gold?

    History shows you are exactly wrong. Demand for gold goes up in times of crisis. Are you predicting a crisis? If so then having a store of wealth that is easily identifiable, durable, stable and free from intrinsic price fluctuations is a good idea.     Reply
  • commenter
    Dean
    Plassaras
    Oct 11 10:09 AM
    Roger Wiegand: 'Severe Bull Market' Ahead for Gold [view article]
    The future of precious metal prices is not clear at the moment. There are plenty of pro and con argument to reinforce one's bias. Question is who has the clear thinking at the moment amid the background noise of collapsing capital markets? Reply
  • commenter
    Keer-eh Khar
    Oct 11 03:44 AM
    RBC Analyst: Aggressive Fiscal Policies Will Push Gold Higher [view article]
    Deflation first, hyperinflation later.
    Think breathing when a patient is terminally ill.
    Don't confuse short term with long term.

    Gold elevator up and DJIA elevator donw will pass by each other at 3000...

    Reply
  • commenter
    DIEGOJAMES
    Oct 11 12:10 AM
    My Website
    RBC Analyst: Aggressive Fiscal Policies Will Push Gold Higher [view article]
    If we just LOST two TRILLION in market value plus home prices are falling ....think deflation... why is gold going up??? Or is the government really going to throw dollars around the world.

    Diegojames
    Northridge, California     Reply
  • commenter
    CLH
    Oct 10 11:03 PM
    Stocks, Gold, and the U.S. Dollar [view article]
    Gold always goes up during a panic but its a quick trade and then its all over. When the dollar is going up gold must go down and it will. Im shorting gold. Reply
  • commenter
    otbricki
    Oct 10 10:47 PM
    Roger Wiegand: 'Severe Bull Market' Ahead for Gold [view article]
    There is no reason to buy gold. Other materials with intrinsic utility (platinum, iridium, rare earths) make more sense. IF you think western civilization will collapse to the point where these assets will become useless, then buy ammo and long lived food products. In famines and chaos nobody is going to have any use for gold. Reply
  • commenter
    Keer-eh Khar
    Oct 10 04:11 PM
    RBC Analyst: Aggressive Fiscal Policies Will Push Gold Higher [view article]
    Gold eleavtor and DJIA elevator will pass by each other at 3000 each. Reply
  • commenter
    bowman711
    Oct 10 01:18 PM
    Stocks, Gold, and the U.S. Dollar [view article]
    It looks to me like 'the bullion bank boyz' are really at it again; gold, after drifting down in London subsequent to reaching a Hong Kong high of $933.60, then gold started dropping like a rock as soon as NYMEX opened. It doesn't make human nature or economic sense that investors are fleeing into dollars that are being inflated into oblivion. With gold going virtually nowhere during a 22% crash of the DOW this week, the only thing I can think of is that 'the Select,' those behind 'the boyz' at the bullion banks, are planning to default on U. S. dollar debts (or something of similar magnitude) which would result in a complete breakdown of the monetary system, leaving those holding dollars with virtually nothing. I would not be surprised to see that sometime between the election and the inauguration in January.

    I learned today that the major countries are talking about suspending all equity trading for however long it takes for them to develop new 'trading rules.' It would take just such an international meeting for the current monetary system to be replaced with something else. Something absolutely stunning will cause people to try to get out of their dollars, euros, pounds, yens, etc., leaving them worthless.

    It looks like 'the Select' are driving as many people out of gold (and silver) as possible, which they are buying at fire sale prices. No matter what form the new currencies take, they will sooner or later have a price in gold. Then, they can convert to the new money and buy up the stock market at salvage, fire sale prices.

    Right now, I'd say that it is absolutely essential for one to have their house (& cottage) completely paid off so they own it outright. In fact, later today, I am going to call my county to see if I can even pre-pay my property taxes for the next couple of years. [During the Great Depression, most people lost their homes to tax delinquencies.] Then, I'd get everything else you can into gold or silver. Best would be the actual gold coins or bullion, but that is virtually impossible to find now, so the next best is to get the gold and silver ETF.

    Any group evil enough to crash the monetary system, and steal the wealth of virtually everyone in society, is evil enough to outlaw gold for anyone except 'the Select,' but I can see no other option but to try to survive with the only store of monetary value that could be counted on for the last six thousand years.

    I see a situation that is unprecedented in its seriousness - and in its evil. I can't think of any other scenario to explain why gold would go down during a financial panic, can you?     Reply
  • commenter
    Hal.P.
    Oct 10 11:36 AM
    My Website
    Stocks, Gold, and the U.S. Dollar [view article]
    Your statement, "The inflationary pressures will be very strong on the other side of this credit crisis." is the one that really sticks in my mind and is what I've been expecting. Reply
  • commenter
    homer II
    Oct 10 03:24 AM
    Wednesday Outlook: Commodities, Emerging Markets [view article]
    Hey Ben Dinsmore...

    Why do you feel sorry for folks who are already in retirement? We don't have to sweat a paycheck like you do. Most of us have executed our plan with sufficient income and safely invested nesteggs so we don't take big risks in equities or commodities like folks your age do. I'm sleeping very well the last couple of weeks.

    However, I do agree with your feeling for those who are (were) getting close to retiring. Their schedule will probably be delayed some.     Reply
  • commenter
    Kunst
    Oct 09 11:45 PM
    Roger Wiegand: 'Severe Bull Market' Ahead for Gold [view article]
    Just do the opposite of whatever CLH says and you'll be fine. Reply
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