Is GOLD telling us something about the DOW?
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Fast forward to today. If the metals and oil keep dropping for a while, from the peaks last Friday, then we have until mid/late February until another Dow crash if this trend continues and the pattern holds.
Now do I think this will play out exactly as it did before? Certainly no, but it could be similar in some respects. Best to wait and see.
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Very informative.
Also, I've noticed something else. July 15th 2008 was a pivotal day for the Dow, gold, silver, and oil last year. Namely, it was a multi-month peak (all-time in the case of oil) for the commodities and the Dow and the beginning of the US dollar rally.
What's interesting is that it was approx. 2.5 months between the peaking of the commodities until the Down crashed in early October.
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@BeenInACaveWayToLong good question. i think that in part is the reason for sending 30-40thousand extra troops to afganistan : just positioning to halt iraq & iran's oil production! esp since usa & canada now have more oil than ALL of the middle east up and in production, or didn't you know? convenient, too that copenhagen (or at least PART of it) is derailed just now.
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Time to buy up big again on this dip :)
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Usa made arabs rich,, arabs will make usa poor by selling in other currencies.
Usa is going to bankrupt the arabs. Ghost town in Dubai is first.
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Is the Chinese Bank guy saying gold is in a bubble just trying to hose down impressions that China has gold fever, so as to not drive up price?
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If the rumours are true about the TRUE wealth of the Rothschilds (Ive heard its $500 trillion or half the worlds' total wealth - but i dunno how they measured it - might have counted their banks calculated derivative "value")
But anyway - point is - when someone is that rich - they are playing power games - they aren't looking for "a good stock pick" - they are rigging the entire market!
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yeah. today i prayed that china finds out what the trade is by Goldman Saks, JPM, BAC, C, etc and they go the oppoiste way, creating MaJOR losses for the banks. we know the banks will start shorting when the AP and MSM start pumping gold.
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Thaks bud, appreciate it very much!
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certainly the fact that it is the only(?) asset to have made new highs since the first collapse indicates that if there isn't another collapse its going to go to great heights, but if it does drop again, it will probably only recover those losses again to go to newer heights anyway, so looks like a pretty safe buy long term regardless, and even when it does fall it falls less than everything else anyway so relative to most other(non cash)assets it's purchasing power actually increases anyway?
No such thing, temps have been dropping not increasing.
NASA got it wrong re; icesheets, increasing not decreasing..
Co2 levels have been a lot higher in previous years..
Global warming = hoax..
hypobusa 2 years ago 6
Thanks for the chart! I'd also like to add that the volume on the DOW has been decreasing with increasing nominal value. Typically this could send a signal that any downturn could be quite severe given historical trends.
networkingman 2 years ago 3