News Focus
News Focus
icon url

Hardwood

06/02/13 2:47 PM

#1384 RE: Talc Moan #1382

Sunday, fun day to ponder some Mid East game theory.

Most of the attention is on the Israel/Iran situation..

http://blogs.telegraph.co.uk/news/concoughlin/100215349/iran-is-stepping-up-its-preparations-for-war-with-israel/

Israel+American relations

http://www.thedailybeast.com/newsweek/2013/04/22/fania-oz-salzberger-what-america-means-to-israel.html

http://www.ifamericansknew.org/us_ints/history.html

http://www.foreignaffairs.com/articles/33321/george-w-ball/the-coming-crisis-in-israeli-american-relations

Iran Oil for gold

http://www.csmonitor.com/USA/Latest-News-Wires/2012/1130/Iran-Oil-for-gold-deals-bypass-sanctions-US-unveils-new-penalties

Iran+Russia relations

http://www.nypost.com/p/news/opinion/opedcolumnists/why_iran_is_falling_into_russia_ynb2NrixZYgiTmeaYu88KN

What matters and what doesn't matter?

History has proven that a country that declares war first tends to win the war. Those that declare and lose are all famous. So what is the mind set of the state when a declaration of war is made? They are looking out for their own self interest which means..!? They are acting Rational. As a state grows in wealth, power and influence the more rational decisions they are able to make. In this case an intriguing event has emerged, the oil for gold trade.

Where do we go from here?

What is the biggest bull headline for gold? Most likely something to do with a "gold standard."

What intriguing trends are we starting to see world wide? Accumulation outside of the West.

Why? Because gold is pure confidence to do business.

The cost of production and the diminishing supply of gold in the world are two tail winds that are only picking up momentum.. It is only a matter of time before the West cracks and old $ flows back into the precious metals.

http://www.zerohedge.com/news/2013-06-01/peak-gold

So with quite possibly the biggest storm precious metals has ever seen brewing, as fiat wealth only increases later "panic" tailwind, Iran becomes more rational by the day as their long term REAL wealth grows. Maybe the US can afford to play the game out a little longer, maybe big $ cracks and flows start up again. Only time will tell.

JMHO

icon url

DownWithPumpers

06/02/13 3:58 PM

#1385 RE: Talc Moan #1382

I don't think you realize what 800 gold would mean. It's like me saying the Dow is going to 8,000 again.

I don't agree.

In 2000 the Dow was at 11,750. It's up 29% to 15,116 now.

In 2000 Gold was at 280 an ounce. If it was up 29% it would be up to 361 now.

Instead Gold is up 395%.

When the Dow was at 8000 in 1997 Gold was at 320 an ounce.
icon url

mr green1

06/02/13 9:09 PM

#1391 RE: Talc Moan #1382

Theres a big difference between GLD and actuall goLd.