Buy Today (11/1) or wait?

Okay, then!

Mea Culpa ... Mea Culpa ...

 

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Very well said.

 

Now that 11/1, and 11/2 are past, big election, change perhaps in the course of government directions, announcement of buying billions of bonds and maintenance of low interest rates, but, raising interest rates in Australia, marijuana proposition losing in California, you can look back and answer with true hindsight, should you have bought yesterday? All of these could have strongly altered the price of PM, but they didn't. But if Cramer said buy gold, or sell gold.... it could jump or crash. This is the way the world is at the moment. Things that should have an effect often don't and things that should not often do.

Jim

 

As it has worked out, gold has jumped $30/ounce overnight, after the Fed's announcement to begin buying Treasuries starting with $600Bn and then $75Bn per month until mid-2011.

I did my homework and bought some gold at the low, pre-increase rice. I don't feel bad about it at all. In hindsight, I am not disappointed and feel I made the right move.

 

Gold just closed at $1398. I think as the S**t Hits The Fan over QE2 (not the ship), gold is going to continue to climb because of the perceived future weakening of the US Buck.

 

QE2 has a lot of enemies around the world. Obama, geithner and bernanke may not be allowed to fully implement it.
The argument might be why should the rest of the developed world continue to feel the pain of our wrecking the world economy.
QE2 will push up the price of a lot of commodities eg PM, Oil, increase value of stable foreign currencies
I'd like to see a more refined flavor of QE2 w;/ cooperation for other developed countries.

(I hope it works long enough for me to refinance my mortgage with the even lower rates on the horizon)

 

The One-world economy Geo Soros wants to create depends on the USA becoming weaker financially while the rest of the world becomes stronger. That's why I think Bernanke will be allowed to make this move, and not ony that, but to do more than the 600 Bn plus 75Bn/year until mid 2011.

I believed Soros when he said: "We must have a managed decline of the dollar."

My avatar is a little extreme, but only a little.

 

I was referring primarily to the countries that hold our treasuries or more bluntly mainly China.
Soros I need to learn about. I only know he and Warren Buffet and some other smart people made billions in profit by shorting the dollar several years
ago. I suspect he's shorting it now which is a play I might make with some of my recent profits.

all of this bodes well for gold we just need to adjust other investments as the economy goes crazier than a March Hare to quote a boss I had years ago.

I think you have a cool avatar that may very well be prophetic.