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2011 GOLD high $1,500.00, SILVER high $24.00
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<p>[QUOTE="Cloudsweeper99, post: 1120004, member: 3011"]I wrote the following in response to another post regarding the same link you provided:</p><p><br /></p><p><i>"I guess it boils down to whether or not you want to accept market/economic advice froma self-proclaimed film-maker. The chart he displays doesn't even support his conclusion. And everyone should keep in mind that the purpose of technical analysis is NOT to predict the future, and no real technician will ever tell you that it does. "</i></p><p><br /></p><p>I have read many of Matt T.'s articles and enjoy them very much. They are very entertaining and he is an excellent writer But keep in mind that he, too, has no formal training in economics and has never held any job related to investing or economics other than as a reporter. I know there are a lot of people who seem to have a burning desire to predict and live through a hyperinflation, and seem to sincerely believe it is inevitable. I'm not sure why. But nothing is inevitable, and the problems today might be different from the past, but are no more difficult to overcome.</p><p><br /></p><p><br /></p><p>I will agree with you that Wall St has no interest, and has never had any interest in the common good. It is very "Disney" to believe everyone pulled together after World War II or that the Marshall Plan remade the world. It's a nice fairy tale. But consider this -- France accepted Marshall Plan money after the war, but Germany did not. Who rebuilt the more powerful economy? It's something to think about.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1120004, member: 3011"]I wrote the following in response to another post regarding the same link you provided: [I]"I guess it boils down to whether or not you want to accept market/economic advice froma self-proclaimed film-maker. The chart he displays doesn't even support his conclusion. And everyone should keep in mind that the purpose of technical analysis is NOT to predict the future, and no real technician will ever tell you that it does. "[/I] I have read many of Matt T.'s articles and enjoy them very much. They are very entertaining and he is an excellent writer But keep in mind that he, too, has no formal training in economics and has never held any job related to investing or economics other than as a reporter. I know there are a lot of people who seem to have a burning desire to predict and live through a hyperinflation, and seem to sincerely believe it is inevitable. I'm not sure why. But nothing is inevitable, and the problems today might be different from the past, but are no more difficult to overcome. I will agree with you that Wall St has no interest, and has never had any interest in the common good. It is very "Disney" to believe everyone pulled together after World War II or that the Marshall Plan remade the world. It's a nice fairy tale. But consider this -- France accepted Marshall Plan money after the war, but Germany did not. Who rebuilt the more powerful economy? It's something to think about.[/QUOTE]
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