tag:blogger.com,1999:blog-8305505968390768234.post4430420765071138394..comments2023-08-10T11:39:24.714-04:00Comments on fdralloveragain: PM Updatefdralloveragainhttp://www.blogger.com/profile/03488923148019117760noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8305505968390768234.post-76583040313016128452010-06-09T11:18:45.553-04:002010-06-09T11:18:45.553-04:00Oh yeah, I left out one important part in the begi...Oh yeah, I left out one important part in the beginning of the titanic analogy.<br /><br />The mass of people were in a craze to get on the titanic.<br /><br />How silly of me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8305505968390768234.post-42763317027048657522010-06-09T10:43:25.018-04:002010-06-09T10:43:25.018-04:00When the titanic sank....
First, the mass of peop...When the titanic sank....<br /><br />First, the mass of people were in a craze to get out their beds.<br /><br />Then, the mass of people were in a craze to get out of their rooms.<br /><br />Then, the mass of people were in a craze to get on deck.<br /><br />Then, the mass of people were in a craze to get in lifeboats.<br /><br />Let us say that people think gold is their financial lifeboat. There was only a brief period time when the lifeboat's value skyrocketed. <br /><br />I wonder what someone would have paid to to get on one of those lifeboats?<br /><br />What was that lifeboat boat worth 24hrs after the titanic sank?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8305505968390768234.post-19123427998788459232010-06-09T10:33:07.423-04:002010-06-09T10:33:07.423-04:00FDR I wonder if gold is not where oil was in the p...FDR I wonder if gold is not where oil was in the popular consciousness, two years ago next month? From my read, the attachment to precious metals has become religion. Oil never reached this level of adulation so I would have to agree that from an emotionally detached and objective "investment" perspective it presents a remarkable shorting opportunity. Hell, even some of its great and seemingly more rational admirers are now cautioning of the possibility of a deep "correction." <br /><br />How long can the commercial traders of this world be wrong? I think we will know the answer to that question soon enough.hettygreenhttps://www.blogger.com/profile/02942359318618747424noreply@blogger.comtag:blogger.com,1999:blog-8305505968390768234.post-43471651542974771762010-06-09T10:30:28.554-04:002010-06-09T10:30:28.554-04:00FDR
Thank you for this post. Events are unfolding...FDR<br /><br />Thank you for this post. Events are unfolding just like you predicted.<br /><br />You really nailed the move on the dollar!RussWraithnoreply@blogger.comtag:blogger.com,1999:blog-8305505968390768234.post-10096143401862321552010-06-09T08:12:45.302-04:002010-06-09T08:12:45.302-04:00I often try to think what would of happened to gol...I often try to think what would of happened to gold in the 1930-40's depression if the govt had not controlled the price.<br /><br />My guess, in the panic of the early part, gold would skyrocketed to some crazy number, then in mid to later stages it would have dropped dramatically. <br /><br />Like the free market moves of the 80's.<br /><br />If we are still in the infancy stage of this depression, gold can go much higher in my view.<br /><br />Perhaps take a short position, but be careful. Always leave room to add to your position.Anonymousnoreply@blogger.com