We've heard enthusiastic reports of sales being up for this holiday season. Personally I think they will be a little better than last year, but then that wouldn't take much, so we'll still be down drastically from where we should be.
So here's where my prediction comes in. Gold starting dropping when these "positive" reports started coming, closing today at 1115. Hong Kong and Sydney are still going but we'll settle for New York here.
Now we have Congress raising the debt ceiling another 1.8 trillion, which if they spend it all, will take our deficit to 14 trillion. The spending bill currently up for vote.... oh you didn't hear about that? Yeah Congress is about to run out of money so there is a 2500 page $400billion+ bill up for grabs ..... so anyway, when that goes through along with the increased debt ceiling, you'll see gold jump back up again on Monday. Don't know if it'll be at the 1215 again but I'll say 1150 by weeks end.
We'll talk again.
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31 comments:
there's gold in them thar halls.....
the debt ceiling doesn't mean much in the day to day world of you and me butt will have an effect down the road.........
when fuel prices rise do to a weak dollar expect a $4 head of lettuce....
butt his fourth acceptenance speech will make things clear as mud.......4th what????
osamabama gets elected.....it was a landslide.....caused by all the shifting dirt moving back into the dead voters graves......can't happen?....yea right......
Gold,guna get me sum,soon as I figger out how to smoke it!
$4 head of lettuce,now your talkin,got me 20+heads in the ground right now,ifin the weather stays hot,maybe I'll be able to get me sum of that gold.
Obama gettin reelected,say it ain't so. Now ya done it Butt,pissed me off before I go to work,Sunday night.
I'll be hell to get along wif,tonight.
soooo.....COOP......you ain't the boss???......do you carry a gun????
Audio Engineer,Butt.Not the train type, the music type. The Boss??? Sumtimes I is,Sumtimes I ain't,depenz on who I be werkin wif.
Rock stars and SCUMSUCKIN POLITICIANS don't like the sound guy mixin the show to be packin!!
On the bus,travelin,home or at the bunker? You bet!!
EM,wheres my GOLD,I thought we were gonna talk,bout this!!!
Rock stars!!! ACK yep they are as bad. Rockers, basketball players, Hollywood types, all bad.
Can ya get me any autographs....
JUST KIDDING!
Debt ceiling going up could result in our credit rating to go down causing the current and future loans to the USA to cause massive inflation. That will get you your $4 lettuce and gas.
Oh btw, gold closed today at 1126.
COOP.......I think the secser....got 'er......you kno' how she is.....always pickin' at stuff......
or the dea....you kno' she went on a "road trip"........
pbbssst @ bn
Hey I didn't promise any gold, wadda ya think I am a scum sucking polytision????
But the price is going back up...
AUTOGRAPHS???WE DON'T WANT NO STINKIN AUTOGRAPHS,BEST WISHES MY A$$. Whats my name???
$4 lettuce and gas.Never affected me that way. OH,OH,I get it.Hell lettuce closed at $2, today.
Yea,Butt,I've noticed that sense the road trip. Last time I went through her neck of the woods,(Thanksgivin),thought I saw her in a VW micro bus,ridin shotgun.Stuck my head out the window,started clickin my heels yellin Auntie EM,AUNTIE EM.Almost got shot,learned my lesson!!!
What the hell are you guys talking about!??? Since the road trip???
I'm lost, but then that is normal...
she's stoned........
okay....let me break it down fo' ya.......you went on an infamous road trip.....
bought some "herbs" from a long haired berkenstock wearin' tyedyed tshirt bearded hippie type in a vw microbus....since then you type things like we do and I got an 'xcuse.....glockoma.....show me your note from your doctor.....
you can call my dr. his name is tshirt and his numbers is BR-549....
That per't much sums it up,EM? you OK? You remember the Thanksgiving road trip at all?
1126.60
Thanksgiving????
all this talking about gold, got me to remembering Acapulco Gold! i guess that's how old i am in pot usage!!!
hey where you iz???
are you jist ignoggin us or are you not feelin' well??
well durn 1112.40
maybe it's next week
mmmmm...mmmmm...mmmmm
Acapulco Gold,Them were the good old days!!!
Big old four finger sack,20 bucks an OZ.
Hell no I don't member dat. Whata think, were old or sumthin???
Hell,John, you got to be hoverin around 60. Go lay down and take a nap!!!
oooo closed yesterday at 1091.30, ok make me out a liar!!!
Oh well!!! I see SOMEONE has been having fun in here.
Hey folks.
You can get in to buying gold without going by the ounce. You can go as low as 0.1 ounce at 99.9% pure buying Austrian Philharmonics:
http://www.bulliondirect.com/catalog/lp/Austrian_Philharmonic_Gold_Coin_%280.10_oz%29.html
or Canadian Maple at 0.05 ounce:
http://www.bulliondirect.com/catalog/lp/Canadian_Maple_Gold_Coin_%280.05_oz%29.html
I have been averaging by buying one of the philharmonics every couple of weeks, usually. I stopped over the past couple of months since values have gotten crazy.
I am not pushing this site in particular, just dropping the hint that for about $75 or $130 right now you could start buying into gold.
Here in Texas anything over $1,000 is considered an investment. Once I have accumulated more the $1,000 in "street" valued gold, I take physical possession and avoid paying state sales tax. Otherwise, I leave it there until I have accumulated.
This is not meant to be an advertisement. By the way, I keep a few signs on my fence that say: "Nothing on this property is worth your life" along with a few posted targets. My next door neighbor has signs on his property "Trespassers shot, survivors executed." I love this state!
Thanks I'll check those out! There are a few places out there that let you pay so much every month till you have accumulated for the real gold, but your suggestion might work better. Also, Daily Reckoning is recommending silver as the "poor man's gold" investment.
I love Texas too! 'Cept Austin...
There is a little "berg" just south of Austin called Wimberley. Avoid that as well. Liberals that are too liberal for the Austin liberals migrate there. They refer to themselves: "we are all all here because we are not all there."
Thank you for the earlier URL on the debt clock. I keep it up in a window on my desktop.
By the way, there is a tab for "Nucleo Exchange" on the Bullion Direct Site. I watch the gold and silver there as well. It has bids/asks spreads for the various items. Sometimes there is a favorable price there or I can sell there. I believe they have a trade fee. When I buy a coin, round, bar, I try to make sure there is a trade forum on the Nucleo Exchange. Have not traded there in a while. Been accumulating.
Where is the Chief????
I'm RAT CHEER!
I travel to Thailand and buy real gold in the form of jewelery. sure it ain't legal tender here.....yet.
as you may kno' wealth is worn in asia.....and my wife is a wealthy lady.......I like it when she wears her money...and nuthin' else.....
oh I did NOT need that visual
OH Shit,that visual rings home to me!!
Butt,Thailand much,been there several times,got to fess up,wernt lookin for gold.
Bangkok and Pat-e-ot Beach,very nice,really good times.
We ant there yet.
Chief! Ain't nuttin rong wit dat!!
I cannot STAND those young women. Air-headed bunch of idiots. I enjoy my old woman. She does not care that my yard-long black hair is mostly white now. Besides, I got someone to go plinking with. And, she looks great with that Glock strapped on the hip! Just the Glock. Oops, I think that I opened myself to a joke there somewhere...
Chief, you just keep on restricting that formal wear to gold!
By the way, when I was 25 there was probably one thing on my mind so it all works out.
When I got older, I wanted something mysterious and interesting, someone engaging to talk to. Older women are just a lot of fun. Thankfully, I found that out later in life.
I know, I am not digging myself out of the hole I just dug....
Old women rock!
OTR,
WTF,are you kidin me????
When I was 7 ma-be 8 ,I set off fire-crackers in my Grand-Ma's barn.
She beat,beat,beat my a$$.
No dout in my mind, old women rock!!
perverts.....perverts.....I'm surrounded by perverts.....reminds me of my time in prison.....ah boys skool...
my reason for livin' is drop dead gorgeous....and she makes me laff...which I think is more important than anything...
the important things in life are the things that make you happy....don't give a damn what that may be just as long as you are not doin' harm to anybuddy.....
of course that doesn't apply to scumsuckin'.....oh you kno'....need to use sum-o-dem for targets.....sharpen the ol'mkI mod0 eyeball.....
COOP....you was a airdale rite....helos??
Yes Butt,that would be me.CH-46 BIG dual rotor job. I never got to see the enemy eye to eye.SOP was about 30 feet off the water to avoid radar,then pop up to about 300 to 500. Tracers comin up tracers goin down.Got my a$$hole puckered up several times(sorry EM),It's something you never forget and something I very rarely talk about,unless I'm at the VFW.Hell that was almost 40 years ago,I had to get on with my life.I've tried hard to forget,but you just can't. I've been layin low on Boortz because this new round of trolls using the military names,Sargent this,Captain that,Ranger who,really piss me off.I take it personally,don't want to say something that will get me in trouble.But you can bet your a$$, if I could reach through this screen they would be DRT.Very Very disrespectful.At any rate,I'm talkin to much,lets drink some more beer,open some gifts,and be thankful were still alive.I think this country is going to need our service again. And I'll answer that call anytime!! Butt,EM,Ivan and OTR,I hope this evening finds us all warm,with friends and family.Merry Christmas to us all,we have a new year comin and a hell of alot of work to do!!
Amen to that Coop.
And thanks to you guys for serving our country. I hope to serve by helping to get the word out, hopefully there are enough of us to do that.
And as we say here in the south Merry Christmas ya'll!!!
beside servin' in the jungle of se asia most of my time was on AE's in the pacific......kno' those 46's..... noisy sumbitches....as a bosnmate....hated vertreps....
gotta go.....cookies in the oven....no Joyce not 'special one's...you took the last of the stash....or was it RAAAAANNNNNNNDDDDDDDY!!!!!
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