Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
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Loading ...gold bug 2200 in six months … noted.. …as you climb on a limb ….
so looking at a feb 2015 price .. might as well .. predictions and charts are all over .. there a dime a dozen and work mostly because they do not work.. but the memory hole on wrong predictions is legion but the one out of the many that is right is touted as the end all and do all of the gurus happy talk .
2 quarters in Vietnam would get you a fine time .. and then some not so fine times lol
but no football
After the Earthquake this morning.
Armstrong 2032 top gold/ stocks
Given the cycle work that you do, it appears that Gold had a 12 year Bull Market Cycle from 1968 to 1980 followed by a 19 year (one metonic cycle) bear market, followed by a 12 year Bull Market from 1999 to 2011. Does that mean we have entered another 19 year Bear Market Cycle?
Thanks,
A
ANSWER: Under normal conditions that would be true. However, our problem is that we are now in a Private Wave and that means confidence will decline in government and shift to the private sector. That inverts this outcome and the eventual high in gold and private assets is more-likely-than-not going to form off in 2032. The private sector will then collapse and thereafter people will turn back to the state.
The Govs world wide but esp here and Europe are pushing everyone in the market and still are buying tangibles too.
heres something Armstrong wrote while back believing gold will go up at different levels the next when interest rates move. Just got back from down south from Disney. Met a Aussie where I was staying, she learned what a gold bug was and a few other things. Disney so crowded now fast passes a must and if you go on a major Holiday get in early and don’t leave cuz they close entry after so many and don’t leave you might not get back in.
Armstrong gold for June 2014
Gold is moving into the June seasonal low on schedule. A closing for the month on a Nearest Futures basis tomorrow below 1251 should result in the sharp decline. A monthly closing BELOW 1192 will warn serious of a sharp decline that will more than likely break the $1000 level. C A U T I […]
That said; I received emails about others saying that number in gold of $50,000 – not Jim Dines.Perhaps they plagiarized him – I do not know who was first. As I have said, $50,000 is not a real gold target for me because it is not about opinion. To see gold above even $10,000 requires the assumption that the dollar decline placing such a move in the realm of currency inflation. For that to take place you must see a like advance in everything else, real estate, wages etc.. The maximum price projection for 2032 seems to be the $22,000 to $24,000 dollar level. That is derived purely technically – not my opinion or what I think. That is not even a forecast saying that is where it will rise to reach by 2032. That is just what it is – answering a question as to how high is it possible FROM A TECHNICAL perspective for gold to reach. If that was reached and there was a collapse, you will not hear me say see I am better or some other stupid childish remarks. I am concerned with timing and price that are two separate and distinct model designs.
Gold is down every Sunday night, I can’t even remember the last time it opened higher on a Sunday, can you?
I can understand why Sinclair no longer makes predictions, how can he? This is no longer the 70’s or early 80’s, the corruption and market manipulation is far greater than anything he faced back then. He may end up being right in the long term, but only IF and after the USD collapses. That may be the only thing that propels gold higher. We could be years or decades away from that point.
Until then, stocks go into the stratosphere and goldbugs continue to suffer. Probably why Jim no longer makes predictions.
…….PLEASE!!!
they have lost focus … I believe it is called nearsightedness ??? …The Bull will throw as many off as possible, yes He (The Bull) hates to be ridden for the full length of time to win!
“8 Seconds is a 1994 American biographical drama film directed by John G. Avildsen. Its title refers to the length of time a bull rider is required to stay on for a ride ..”
Bull riding
Bull riding refers to rodeo sports that involve a rider getting on a large bull and attempting to stay mounted while the animal attempts to buck off the rider.
In the American tradition the rider must stay atop the bucking bull for eight seconds. The rider tightly fastens one hand to the bull with a long braided rope. It is a risky sport and has been called “the most dangerous eight seconds in sports.”[1]
Long term Focus .. that’s what it will take …keep your eye on the bouncing ball!
what the heck, I’ll go out on a limb & make a prediction …$2200 $gold in 6 months from today’s date….
who the Heck is Dan Norcini anyhow??? ..SOUR LEMON’S!!…..$250 …PLEASE!!!!! …
Recently some guru said (I cant remember who) that when gold falls below $1295. the buying will be fierce and $1300 will quickly be breached on the upside. I put that in the same category of “we will never see $1600 again”. I notice that even Sinclair doesn’t make predictions anymore!
Female companionship?
Well, I kinda agree with him. Comparing apples to apples we have literally millions of people who are living off of us all through one or the other unearned giveaway programs created by the government to keep them happy so they just watch their sitcom and spend their food stamps while the US is taken to destruction by the criminals in charge.
But how about comparing apples to watermelons, or more probably apples to giant 1000 lb milk fed pumpkins. I don’t think the amount the US government takes from us and gives to the “needy” on the various welfare programs comes anywhere near the amount the FED prints and lends to the government who then spends it trying to keep the Titanic from going down through creating wars around the globe, propping up the banks and major corporations, paying off the politicians, etc, etc.
I don’t think I’m saying this very well but when the psychopaths are running the asylum and nobody cares because they’ve been bought off with a free cellphone and other welfare programs there is something very very wrong with the system that allows this. God help us all. Silverngold
You should have seen what two silver quarters would get you in Vietnam in 1968!
rno
San Francisco seahawks seats for two
Want Milk or Toilet Paper? The Venezuelan Government Wants Your Fingerprints
send um a piece of just used toilet paper
market ticker ..lol
from the lips of the ticker guy who says you can’t have sex with gold or eat it .. ..now he is the conscience of America .hermits unite….
thanks for the up date for market ticker
back in my younger days .. I fired off a response on his gold views and the oracle of Florida banned me ,, pronto
nothing different in that, as the banned flags rose all over … even the old gold tent ..
He did not like to be questioned about his rigid views on gold of course nobody likes to be confronted .. ..
but in a sense he was right .. nobody has had sex with gold .. in the traditional manner ..
Unfortunately, as this is rather akin to a newspaper, I have no way to know if you did read the reference first. Many of you will not, and will read the rest of this article instead.
But if you do that, you’re doing it wrong, so I’m going to leave you a nice long break here so you can do it right.
Ok, now we’ll continue — and if you decided to cheat, it’s on you.
The referenced article speaks of a hermit, I suppose. A man who decided, shortly after becoming an adult, that he didn’t want to be with the rest of society any more. There are those who argue that this is a per-se demonstration of some mental disorder, such as Aspergers. I disagree — there are plenty of objective reasons to decide that what mankind has become, especially today in the United States, just plain sucks and it isn’t worth it.
But for whatever reason, this man made that decision.
Then he spent nearly 30 years practicing what he decided. And let’s be clear: He did it via, according to the law and custom along with his own admission, theft.
That is, he stole the necessities of life. Food, clothing, the rudiments of shelter and heat.
But we’re talking about rudiments here, for real — a tent, literally. No hard walls. Some clothes, but not really anything extra — just something to wear. He had no running water, no indoor plumbing, nothing of the sort. And he nearly died most of the winters from exposure, as one would expect.
Now contemplate Ferguson, or for that matter, virtually any other city — big or not — in America. Contemplate Section 8, AFDC, EITC, Food Stamps, Heating Assistance and much more. Indeed, contemplate the following from last Fiscal Year’s Treasury Statement:
I count the following:
$265 billion for Medicaid (all gift, no taxes paid.)
$9.3 billion more for SCHIP (same thing, for kids)
$17 billion for TANF
$108 billion in food handouts
$3.5 billion for heat welfare
$5 billion to babysit someone else’s kid
$18 billion for rent
$9 billion more for “project based” rent
$6.1 billion to buy housing that is then given away
$10 billion more for various “opportunity” and “development” funds (for housing)
$5 billion to “train” people to work
$57 billion for EITC (paying people not to work as hard as they could, beyond tax liability)
$21 billion more for child tax credits (refundable, that is, beyond tax liability as well)
$140 billion (net of tax) in handouts (including admin costs) for disabled people (not based on their FICA payments previously)
I’m sure I missed some too — but that’s $674 billion a year, approximately.
And every penny of it was stolen.
It was stolen from those who have a net federal tax liability other than Medicare and Social Security.
I’m willing to wager that essentially all of the people who stole those funds (yes, every one of the recipients stole them — that they employed a proxy to do it doesn’t change the character of what happened) are and were in far better shape than our hermit.
In other words, our hermit may have broken the law, but in terms of the character of what he did it was vastly less egregious than the acts and relative comfort (due to the theft they enjoy) of any of the recipients of these programs.
Contemplate that for a while, then figure out what, if anything, you intend to do about it.
My guess: You will do exactly nothing about it but you sure will bitch that this “hermit” stole some food and a few propane tanks.
Well MM, he did mention AK-47 Jihadi’s going into malls and spraying the place. Course that wouldn’t seem to be spectacular, that would actually be somewhat realistic.
I guess you’re right Joe6 would need something that could be shown on TV everyday for months.
We were flappin fingers about Syria being the new Iran vector 3 years ago. The only way TPTB can get J6P on board with their adjenda is something more spectacular than 911.
Well if Aug 25 is the new 7/20, we have 24 hours of living and for Maya’s benefit, it’ll be on a toy train…