Happy Saturday to all in Da Bear World Order land. Last night it rained like crazy, this morning it kept on going. When it rains it pours, except for the several minutes that it hailed. Yes, all hail broke loose. But then the sun decided to get out and stay for awhile. Then it went away, I think it is taking a morning nap. The clouds are here, the sun is not but it is close by, but I can see clearly now the rain is gone.
If gold were a big round shiny ball in the universe, it would probably be the sun. It shines brightly, it is always there, sometimes it burns you, and if you look at it too closely for too long you'll lose your vision and go mad, but there ain't nothing like the sun...
Gold also rises.
There is nothing new with gold.
Gold is resting today, yeah it gets a couple of days off. Good for it. It could take off more if it wanted. Gold is gold and gold does what gold wants. But gold shows up in the morning just for fun. It doesn't wanna lose its edge. It's not even about the money for gold; for gold, money is merely a way of keeping store.
Gold is currently priced around $1,150 an ounce. The recent past has been stormy for gold, gold has been beaten down, suppressed. Tremendous amounts of liquidity has been infused and withdrawn thus confusing gold and driving the gold bugs crazy. Gold went to bed for a fitful night sleep, biding its time. Then, when you thought that the stormy times had passed, all hell broke loose. But you knew that gold was still there. Somewhere. Then gold woke up and made an appearance. If only for a moment in the morning. Then the clouds rolled back in. But gold will be back later, stronger than ever, spring is here and summer is approaching. Gold's time in the sun is drawing near. Sunny days are on their way.
da bear
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I prefer Silver over Gold. I physically hold both.
ReplyDeleteI expect they will provide wealth after the Dollar crisis which I am guessing will be in 2013 after the 2012 elections.
One of my jeffolie predicts made in 2008 for 2010 was a food crisis. Back in 2008 I predicted that there would be no physical shortage of food in America but rather that the result would be high food prices. Currently, India and China are having high food inflation.
ReplyDeleteNow that is coming true.
Because of my expectation of much higher food prices, I posted that I would buy a large freezer last year and I did. I use opportunities to buy large quantities on sale. The increased electrical load is not a problem because of my new home solar electric system which currently generates a paid surplus.
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U.S. Food Inflation Spiraling Out of Control
FORT LEE, N.J., April 22 /PRNewswire/ -- The National Inflation Association today issued the following food inflation alert to its http://inflation.us members:
The Bureau of Labor Statistics (BLS) today released their Producer Price Index (PPI) report for March 2010 and the latest numbers are shocking. Food prices for the month rose by 2.4%, its sixth consecutive monthly increase and the largest jump in over 26 years. NIA believes that a major breakout in food inflation could be imminent, similar to what is currently being experienced in India.
Some of the startling food price increases on a year-over-year basis include, fresh and dry vegetables up 56.1%, fresh fruits and melons up 28.8%, eggs for fresh use up 33.6%, pork up 19.1%, beef and veal up 10.7% and dairy products up 9.7%. On October 30th, 2009, NIA predicted that inflation would appear next in food and agriculture, but we never anticipated that it would spiral so far out of control this quickly.
http://www.prnewswire.com/news-releases/....l-91848684.html
Food will be the new fear play after gold, the current fear play, will be found out as not being too tasty.
ReplyDeletethat long term CRB index is showing that commodities could decline sharply here. Then after that will be a HUGE run-up (the largest in a long, long, long time).
I scanned a copy of the CRB chart with my own wave count plus some trend lines but I have not been able to get it sent anywhere or copied into a file so I can post it somewhere. When I do then I will get you a copy.
The upcoming K-cycle spring will be sharp and quick and could envelop in a K-cycle Summer very, very quickly...
da bear
Be the bank.