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Thread: 20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead

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    Default 20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead

    http://www.blacklistednews.com/20_Si...0/0/0/Y/M.html

    20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead
    February 21, 2013
    Print Version

    Source: Michael Snyder, BLN Contributing Writer

    Is the U.S. economy about to experience a major downturn? Unfortunately, there are a whole bunch of signs that economic activity in the United States is really slowing down right now. Freight volumes and freight expenditures are way down, consumer confidence has declined sharply, major retail chains all over America are closing hundreds of stores, and the "sequester" threatens to give the American people their first significant opportunity to experience what "austerity" tastes like. Gas prices are going up rapidly, corporate insiders are dumping massive amounts of stock and there are high profile corporate bankruptcies in the news almost every single day now. In many ways, what we are going through right now feels very similar to 2008 before the crash happened. Back then the warning signs of economic trouble were very obvious, but our politicians and the mainstream media insisted that everything was just fine, and the stock market was very much detached from reality. When the stock market did finally catch up with reality, it happened very, very rapidly. Sadly, most people do not appear to have learned any lessons from the crisis of 2008. Americans continue to rack up staggering amounts of debt, and Wall Street is more reckless than ever. As a society, we seem to have concluded that 2008 was just a temporary malfunction rather than an indication that our entire system was fundamentally flawed. In the end, we will pay a great price for our overconfidence and our recklessness.

    So what will the rest of 2013 bring?

    Hopefully the economy will remain stable for as long as possible, but right now things do not look particularly promising.

    The following are 20 signs that the U.S. economy is heading for big trouble in the months ahead...

    #1 Freight shipment volumes have hit their lowest level in two years, and freight expenditures have gone negative for the first time since the last recession.

    #2 The average price of a gallon of gasoline has risen by more than 50 cents over the past two months. This is making things tougher on our economy, because nearly every form of economic activity involves moving people or goods around.

    #3 Reader's Digest, once one of the most popular magazines in the world, has filed for bankruptcy.

    #4 Atlantic City's newest casino, Revel, has just filed for bankruptcy. It had been hoped that Revel would help lead a turnaround for Atlantic City.

    #5 A state-appointed review board has determined that there is "no satisfactory plan" to solve Detroit's financial emergency, and many believe that bankruptcy is imminent. If Detroit does declare bankruptcy, it will be the largest municipal bankruptcy in U.S. history.

    #6 David Gallagher, the CEO of Town Sports International, recently said that his company is struggling right now because consumers simply do not have as much disposable income anymore...

    "As we moved into January membership trends were tracking to expectations in the first half of the month, but fell off track and did not meet our expectations in the second half of the month. We believe the driver of this was the rapid decline in consumer sentiment that has been reported and is connected to the reduction in net pay consumers earn given the changes in tax rates that went into effect in January."

    #7 According to the Conference Board, consumer confidence in the U.S. has hit its lowest level in more than a year.

    #8 Sales of the Apple iPhone have been slower than projected, and as a result Chinese manufacturing giant FoxConn has instituted a hiring freeze. The following is from a CNET report that was posted on Wednesday...

    The Financial Times noted that it was the first time since a 2009 downturn that the company opted to halt hiring in all of its facilities across the country. The publication talked to multiple recruiters.

    The actions taken by Foxconn fuel the concern over the perceived weakened demand for the iPhone 5 and slumping sentiment around Apple in general, with production activity a leading indicator of interest in the product.

    #9 In 2012, global cell phone sales posted their first decline since the end of the last recession.

    #10 We appear to be in the midst of a "retail apocalypse". It is being projected that Sears, J.C. Penney, Best Buy and RadioShack will also close hundreds of stores by the end of 2013.

    #11 An internal memo authored by a Wal-Mart executive that was recently leaked to the press said that February sales were a "total disaster" and that the beginning of February was the "worst start to a month I have seen in my ~7 years with the company."

    #12 If Congress does not do anything and "sequestration" goes into effect on March 1st, the Pentagon says that approximately 800,000 civilian employees will be facing mandatory furloughs.

    #13 Barack Obama is admitting that the "sequester" could have a crippling impact on the U.S. economy. The following is from a recent CNBC article...

    Obama cautioned that if the $85 billion in immediate cuts -- known as the sequester -- occur, the full range of government would feel the effects. Among those he listed: furloughed FBI agents, reductions in spending for communities to pay police and fire personnel and teachers, and decreased ability to respond to threats around the world.

    He said the consequences would be felt across the economy.

    "People will lose their jobs," he said. "The unemployment rate might tick up again."

    #14 If the "sequester" is allowed to go into effect, the CBO is projecting that it will cause U.S. GDP growth to go down by at least 0.6 percent and that it will "reduce job growth by 750,000 jobs".

    #15 According to a recent Gallup survey, 65 percent of all Americans believe that 2013 will be a year of "economic difficulty", and 50 percent of all Americans believe that the "best days" of America are now in the past.

    #16 U.S. GDP actually contracted at an annual rate of 0.1 percent during the fourth quarter of 2012. This was the first GDP contraction that the official numbers have shown in more than three years.

    #17 For the entire year of 2012, U.S. GDP growth was only about 1.5 percent. According to Art Cashin, every time GDP growth has fallen this low for an entire year, the U.S. economy has always ended up going into a recession.

    #18 The global economy overall is really starting to slow down...

    The world's richest countries saw their economies contract for the first time in almost four years during the final three months of 2012, the Organisation for Economic Co-operation and Development said.

    The Paris-based thinktank said gross domestic product across its 34 member states fell by 0.2% – breaking a period of rising activity stretching back to a 2.3% slump in output in the first quarter of 2009.

    All the major economies of the OECD – the US, Japan, Germany, France, Italy and the UK – have already reported falls in output at the end of 2012, with the thinktank noting that the steepest declines had been seen in the European Union, where GDP fell by 0.5%. Canada is the only member of the G7 currently on course to register an increase in national output.

    #19 Corporate insiders are dumping enormous amounts of stock right now. Do they know something that we don't?

    #20 Even some of the biggest names on Wall Street are warning that we are heading for an economic collapse. For example, Seth Klarman, one of the most respected investors on Wall Street, said in his year-end letter that the collapse of the U.S. financial system could happen at any time...

    "Investing today may well be harder than it has been at any time in our three decades of existence," writes Seth Klarman in his year-end letter. The Fed's "relentless interventions and manipulations" have left few purchase targets for Baupost, he laments. "(The) underpinnings of our economy and financial system are so precarious that the un-abating risks of collapse dwarf all other factors."
    ATTAINING FREEDOM
    Man must get rid of illusions that enslave and paralyze him; he must become aware of the reality inside and outside of him in order to create a world which needs no illusions. Freedom and independence can be achieved only when the chains of illusion are broken.
    --ERICH FROMM

    “In a land of freedom we are held hostage by the tyranny of political correctness” Robert Griffin III



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    #3 Reader's Digest, once one of the most popular magazines in the world, has filed for bankruptcy.
    Well that clinches it. (not the first time they have declared bankruptcy). Like the last- it is reorganization, not liquidation. http://www.usatoday.com/story/money/...again/1927799/

    corporate insiders are dumping massive amounts of stock
    Which corporate insiders? If massive amounts of stock are being dumped, the market should be dropping sharply. It isn't.
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    Quote Originally Posted by Zippyjuan View Post
    Well that clinches it. (not the first time they have declared bankruptcy). Like the last- it is reorganization, not liquidation. http://www.usatoday.com/story/money/...again/1927799/


    Which corporate insiders? If massive amounts of stock are being dumped, the market should be dropping sharply. It isn't.
    I consider #1 to be a very bad sign.

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    Freight volume is usually at its lowest in January.
    http://www.cassinfo.com/Transportati...ght-Index.aspx

    It is not significantly below what it was last year. Year over year shipping expenses are only down 1.6% from last year and volume down by 2.5%.

    From the shipping report:
    http://www.cassinfo.com/~/media/File...an%202013.ashx
    Amid signs that some sectors of the economy are trending positively, many factors are holding down freight
    shipments. Inventory levels ‐ which have climbed higher than pre‐recession levels ‐ accompanied by lagging
    sales, pushed up the inventory to sales ratio in the second half of 2012. In January, the inventory to sales
    ratio was unchanged from December at 1.28.This level indicates that the inventory buildup may be cause for
    some concern and is impacting future orders for goods. Mounting unsold inventory could result in inventory
    rationalization and increased obsolescence. Retailers and their suppliers are placing smaller orders to bring
    the inventory sales to inventory ratio back in line.
    High inventories without corresponding high sales reduce
    the number of loads being shipped throughout the system. The Institute for Supply Management’s PMI
    Manufacturing Indexes show that while production was up 1 percent in January, supplier deliveries fell for
    the third straight month, inventories grew 8 percent, and the backlog of orders contracted for the tenth
    straight month. On the positive side for coming months, new orders were up 3.6 percent.
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  6. #5

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    Zippy, given your complete knowledge of economics I'd think you'd be putting that to use at a day job, not here on rpf.

    Anyway, rip Readers Digest. Nothing but a tiny magazine full of bad jokes, feel good stories and ads for big pharma.

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    Their primary readership is elderly people and probably doctors waiting rooms. Hence the pharmacy ads.

    I would not say that my knowledge of economics is complete but thanks for the compliment anyways.
    I am Zippy and I approve of this message. But you don't have to.

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    Quote Originally Posted by libertyjam View Post
    http://www.blacklistednews.com/20_Si...0/0/0/Y/M.html

    20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead
    February 21, 2013
    Print Version

    Source: Michael Snyder, BLN Contributing Writer

    Is the U.S. economy about to experience a major downturn? Unfortunately, there are a whole bunch of signs that economic activity in the United States is really slowing down right now. Freight volumes and freight expenditures are way down, consumer confidence has declined sharply, major retail chains all over America are closing hundreds of stores, and the "sequester" threatens to give the American people their first significant opportunity to experience what "austerity" tastes like. Gas prices are going up rapidly, corporate insiders are dumping massive amounts of stock and there are high profile corporate bankruptcies in the news almost every single day now. In many ways, what we are going through right now feels very similar to 2008 before the crash happened. Back then the warning signs of economic trouble were very obvious, but our politicians and the mainstream media insisted that everything was just fine, and the stock market was very much detached from reality. When the stock market did finally catch up with reality, it happened very, very rapidly. Sadly, most people do not appear to have learned any lessons from the crisis of 2008. Americans continue to rack up staggering amounts of debt, and Wall Street is more reckless than ever. As a society, we seem to have concluded that 2008 was just a temporary malfunction rather than an indication that our entire system was fundamentally flawed. In the end, we will pay a great price for our overconfidence and our recklessness.

    So what will the rest of 2013 bring?

    Hopefully the economy will remain stable for as long as possible, but right now things do not look particularly promising.

    The following are 20 signs that the U.S. economy is heading for big trouble in the months ahead...

    #1 Freight shipment volumes have hit their lowest level in two years, and freight expenditures have gone negative for the first time since the last recession.

    #2 The average price of a gallon of gasoline has risen by more than 50 cents over the past two months. This is making things tougher on our economy, because nearly every form of economic activity involves moving people or goods around.

    #3 Reader's Digest, once one of the most popular magazines in the world, has filed for bankruptcy.

    #4 Atlantic City's newest casino, Revel, has just filed for bankruptcy. It had been hoped that Revel would help lead a turnaround for Atlantic City.

    #5 A state-appointed review board has determined that there is "no satisfactory plan" to solve Detroit's financial emergency, and many believe that bankruptcy is imminent. If Detroit does declare bankruptcy, it will be the largest municipal bankruptcy in U.S. history.

    #6 David Gallagher, the CEO of Town Sports International, recently said that his company is struggling right now because consumers simply do not have as much disposable income anymore...

    "As we moved into January membership trends were tracking to expectations in the first half of the month, but fell off track and did not meet our expectations in the second half of the month. We believe the driver of this was the rapid decline in consumer sentiment that has been reported and is connected to the reduction in net pay consumers earn given the changes in tax rates that went into effect in January."

    #7 According to the Conference Board, consumer confidence in the U.S. has hit its lowest level in more than a year.

    #8 Sales of the Apple iPhone have been slower than projected, and as a result Chinese manufacturing giant FoxConn has instituted a hiring freeze. The following is from a CNET report that was posted on Wednesday...

    The Financial Times noted that it was the first time since a 2009 downturn that the company opted to halt hiring in all of its facilities across the country. The publication talked to multiple recruiters.

    The actions taken by Foxconn fuel the concern over the perceived weakened demand for the iPhone 5 and slumping sentiment around Apple in general, with production activity a leading indicator of interest in the product.

    #9 In 2012, global cell phone sales posted their first decline since the end of the last recession.

    #10 We appear to be in the midst of a "retail apocalypse". It is being projected that Sears, J.C. Penney, Best Buy and RadioShack will also close hundreds of stores by the end of 2013.

    #11 An internal memo authored by a Wal-Mart executive that was recently leaked to the press said that February sales were a "total disaster" and that the beginning of February was the "worst start to a month I have seen in my ~7 years with the company."

    #12 If Congress does not do anything and "sequestration" goes into effect on March 1st, the Pentagon says that approximately 800,000 civilian employees will be facing mandatory furloughs.

    #13 Barack Obama is admitting that the "sequester" could have a crippling impact on the U.S. economy. The following is from a recent CNBC article...

    Obama cautioned that if the $85 billion in immediate cuts -- known as the sequester -- occur, the full range of government would feel the effects. Among those he listed: furloughed FBI agents, reductions in spending for communities to pay police and fire personnel and teachers, and decreased ability to respond to threats around the world.

    He said the consequences would be felt across the economy.

    "People will lose their jobs," he said. "The unemployment rate might tick up again."

    #14 If the "sequester" is allowed to go into effect, the CBO is projecting that it will cause U.S. GDP growth to go down by at least 0.6 percent and that it will "reduce job growth by 750,000 jobs".

    #15 According to a recent Gallup survey, 65 percent of all Americans believe that 2013 will be a year of "economic difficulty", and 50 percent of all Americans believe that the "best days" of America are now in the past.

    #16 U.S. GDP actually contracted at an annual rate of 0.1 percent during the fourth quarter of 2012. This was the first GDP contraction that the official numbers have shown in more than three years.

    #17 For the entire year of 2012, U.S. GDP growth was only about 1.5 percent. According to Art Cashin, every time GDP growth has fallen this low for an entire year, the U.S. economy has always ended up going into a recession.

    #18 The global economy overall is really starting to slow down...

    The world's richest countries saw their economies contract for the first time in almost four years during the final three months of 2012, the Organisation for Economic Co-operation and Development said.

    The Paris-based thinktank said gross domestic product across its 34 member states fell by 0.2% – breaking a period of rising activity stretching back to a 2.3% slump in output in the first quarter of 2009.

    All the major economies of the OECD – the US, Japan, Germany, France, Italy and the UK – have already reported falls in output at the end of 2012, with the thinktank noting that the steepest declines had been seen in the European Union, where GDP fell by 0.5%. Canada is the only member of the G7 currently on course to register an increase in national output.

    #19 Corporate insiders are dumping enormous amounts of stock right now. Do they know something that we don't?

    #20 Even some of the biggest names on Wall Street are warning that we are heading for an economic collapse. For example, Seth Klarman, one of the most respected investors on Wall Street, said in his year-end letter that the collapse of the U.S. financial system could happen at any time...

    "Investing today may well be harder than it has been at any time in our three decades of existence," writes Seth Klarman in his year-end letter. The Fed's "relentless interventions and manipulations" have left few purchase targets for Baupost, he laments. "(The) underpinnings of our economy and financial system are so precarious that the un-abating risks of collapse dwarf all other factors."
    FORWARD!!!

  9. #8

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    https://www.kitcomm.com/showthread.php?t=114901

    If you haven't started to stack right now might be the best opportunity in years.

    QEinfinity is in full effect, we still haven't been hit with real inflation, the commercial banks are dumping their short positions in gold and silver, and long positions in silver are higher than they have been since May 2011 and have been increasing despite these recent price slams.

    These banks are trying to unwind their short positions so they can go long, before shit really hits the fan again.

    All this currency is going to corrupt the system beyond repair and send ALL commodities through the roof.

    http://harveyorgan.blogspot.com/
    Last edited by NoOneButPaul; 02-24-2013 at 02:29 PM.
    It's just an opinion... man...

  10. #9

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    I know nothing about investing in gold or silver. Should I invest in either of the 2? Which ones is better? I have about $35k to invest. Thanks.

  11. #10

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    #12 If Congress does not do anything and "sequestration" goes into effect on March 1st, the Pentagon says that approximately 800,000 civilian employees will be facing mandatory furloughs.

    #13 Barack Obama is admitting that the "sequester" could have a crippling impact on the U.S. economy. The following is from a recent CNBC article...


    Stopped reading at 13.
    "We do have some differences and our approaches will be different, but that makes him his own person. I mean why should he [Rand] be a clone and do everything and think just exactly as I have. I think it's an opportunity to be independent minded. We are about 99% [the same on issues]." Ron Paul

  12. #11

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    #3 - Agree with Zippyjuan: As goes Reader's Digest - so goes the engines of capitalism!
    #10 - Retail storefront closures may be due to the strength of online shopping. i.e. a productivity increase.
    #13 - This one is simply propaganda from Barry Soetoro per his handlers' agenda.

    But, yes. I think the shit will likely hit the fan. A PhD free market economist I spoke with recently thinks the currency crisis is still about 10 years out.
    Last edited by anaconda; 02-25-2013 at 02:58 AM.

  13. #12

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    Quote Originally Posted by RonPaulRules View Post
    I know nothing about investing in gold or silver. Should I invest in either of the 2? Which ones is better? I have about $35k to invest. Thanks.
    If you have no gold or silver then yes, buy *some*. There's no *right* answer but I'd say buy 75% gold, 25% silver.

    I wouldn't put all 35k into it at this point, just buy a little at a time.

    IMO people should have at least 15-20% of their investments in precious metals.

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    Quote Originally Posted by VoluntaryAmerican View Post
    #12 If Congress does not do anything and "sequestration" goes into effect on March 1st, the Pentagon says that approximately 800,000 civilian employees will be facing mandatory furloughs.

    #13 Barack Obama is admitting that the "sequester" could have a crippling impact on the U.S. economy. The following is from a recent CNBC article...


    Stopped reading at 13.
    The "sequester" is possibly taking out $81 billion dollars in a $14 trillion economy- and is spread over the year (assuming they don't pass any legislation stopping it by the end of the fiscal year). Might slow it a bit, but "cripple" is an exaggeration. Real cuts won't occur until the end of March anyways.
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  15. #14

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    Quote Originally Posted by RonPaulRules View Post
    I know nothing about investing in gold or silver. Should I invest in either of the 2? Which ones is better? I have about $35k to invest. Thanks.
    Gold- comes with much less risk and is much more stable. All but guaranteed to slowly go up every year (12 years in a row of positive gains) it's price has correlated almost perfectly with national debt (IE: 3trillion debt = 300$ gold, 16trillion = 1600$ gold, and everything in between). It's also the metal central banks have been hoarding, while they have largely ignored silver. Gold is secure as hell and will keep pace with inflation.

    Silver- much more risk, much volatility and uncertainty, but potential for much, much, greater gains than gold. Silver isn't for weak hands, it's all over the place. I still love silver and primarily stack it vs gold (I'm currently at about 100-1 ratio in Silver OZs to Gold OZs) but it's not hoarded by central banks, not nearly as secure as gold, and fluctuates wildly. Still I think it will outpace gold's growth (just as it did last decade). Especially as more and more people become aware of hard money and realize too late that gold is priced out of their wallets, I think that will drive the masses to silver eventually.

    The best answer is to hold both. Gold for it's absolute certainty and stability, and silver because there's greater gains to be made (and it's the achilles heal to the entire economic system <id also point out that ever since Ron flashed that Silver OZ to Bernanke the metals have been kept in absolute check but I strongly suspect this will come to an end this spring)

    If you have 35k to invest I wouldn't spend all of it on PMs. I actually agree with Peter Schiff when he says the best investment one might make is actually food. Buying lots of food now and storing it away for the future may actually be the best investment you can make from a savings perspective.

    If I had 35k to invest in metals I would buy a Monster Box of Silver Eagles (which go on Ebay for about 16-17k, or can be bought on goldsilver.com for 16,100) and then i'd put the rest in 17 American Gold Buffalos or an assortment of different gold coins (Maples, Eagles, Krugs, Philharmonics).

    Like I said though, putting all of it in metals might not be the best idea.

    I personally believe the metals markets to be highly manipulated and because of that it can be very frustrating owning any of them (platinum and palladium are worth a look too btw) but getting into the metals market is very, very, exhausting... you're up against the greatest forces in the world- banking cartels.
    Last edited by NoOneButPaul; 02-25-2013 at 09:16 PM.
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    Gold for it's absolute certainty and stability,
    Nothing is absolutely certain.
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    Quote Originally Posted by amonasro View Post
    Zippy, given your complete knowledge of economics I'd think you'd be putting that to use at a day job, not here on rpf.

    Anyway, rip Readers Digest. Nothing but a tiny magazine full of bad jokes, feel good stories and ads for big pharma.

    Readers Digest is just one of many businesses that stood the test of time that just can't keep up with fake money presses. Name any that can? They've killed them all. And people think the market is up?????????????????????????????????????//////

    I'm getting really worried. I'm hearing people talking about the stock market hitting an all time high (Low if you ask me.). I'm seeing commodities on the rise.

    I saw what I thought was the same thing happening a while back and the prices reached a point that it put honest employment over the line of profitability. We had layoffs. We had hours cut. The system crashed.

    After the crash I'm thinking all of the defaulting on loans pulled a lot of the counterfeit out of the system and stocks and commodities fell.

    After they fell it once again became barely profitable for employers and employees to once again make living. Barely a living but maybe enough profit for a biscuit at the end of the day. Traffic on the roads increased as did our hours.

    Now here we are again with taxes rising the value of the dollar falling.

    It was about a year and a half ago when we hit the ceiling before. Silver was at $40.00 and ounce.

    I'll bet with very little trouble we could look back to the ceiling in stocks and commodities before the housing bubble burst. Before that the crash to the NASDAQ and Silicon Valley wasn't it?

    It seems so senseless.

    AND CONTRIVED.


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    Last edited by Carson; 02-25-2013 at 09:37 PM.

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    Copper and Lumber taking a bath...

    http://futures.tradingcharts.com/chart/HG_/

    http://futures.tradingcharts.com/chart/LU/

    the home builders index funds are also selling off.

    Looks like blow off topping already in this nascent housing recovery. I expect home starts to follow. I smell recession.

  19. #18

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    Quote Originally Posted by Zippyjuan View Post
    Nothing is absolutely certain.
    Gold's close, especially in these times.
    It's just an opinion... man...

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    "these times" are certainly not typical. The sharp rise in price over the last few years is not usual for the price of gold.

    Last 30 years:


    And it may have already peaked- Last two years:


    http://goldprice.org/gold-price-history.html
    Last edited by Zippyjuan; 02-25-2013 at 11:09 PM.
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  21. #20

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    Keep in mind though that the gold is a flat line of gold being gold. That charts shows the dollar being the dollar in my estimation.

    I remember we had some hard times in the 80's finding work wise. Selling silver wise on the other hand I remember it being up in the stratosphere with what has been thought the Hunt Brother manipulation. Could be there was more to it than just the brothers.

    I don't really see the economic crash back around 2001 or so in those charts (tiny). Maybe others would tell another tale.


    I have a lot of respect for long term charts. Specially if they can reach way past the start of the 71's style counterfeiting.
    Last edited by Carson; 02-25-2013 at 11:40 PM.

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    Quote Originally Posted by newbitech View Post
    Copper and Lumber taking a bath...

    http://futures.tradingcharts.com/chart/HG_/

    http://futures.tradingcharts.com/chart/LU/

    the home builders index funds are also selling off.
    Looks like blow off topping already in this nascent housing recovery. I expect home starts to follow. I smell recession.
    I have been smelling it for a few months.

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    Quote Originally Posted by oyarde View Post
    I have been smelling it for a few months.
    This recent euphoria is but a faint echo of the last run outs. We've seen what the top of this looks like a few times now....

  24. #23

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    Stocks low/gold high seems to be the way it goes and when the market peaks,I can't see it descending like a leaky balloon,can you?
    The LAND Of Israel Forever

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  25. #24

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    Quote Originally Posted by Zippyjuan View Post
    "these times" are certainly not typical. The sharp rise in price over the last few years is not usual for the price of gold.

    Last 30 years:


    And it may have already peaked- Last two years:


    http://goldprice.org/gold-price-history.html

    The world is a totally different place now. You didnt have the entire planet racing to the bottoms in their currency just to keep pace. Right now the entire planet, Japan and the US leading the charge, are destroying their currencies in an attempt to jump start their economies.

    The national debt to gold ratio has held quite well and so long as they keep spending uncontrollably gold is destined to rise. If its already peaked why are the Germans asking for theirs back? Why are Russia and China still importing massive amounts? Why is it going to take 7 years to get the Germans their gold, which supposedly represents only 4.6% of US gold holdings?

    Our gold is gone thats why and the other nations know it. As the currencies become even weaker the central banks with gold will carry more influence. This is all setting up for an even greater transfer of wealth for them.

    Go back up and look at the 2nd graph I posted from Kitco. All youve got to see is where our projected monetary base will be in 2015 to see how safe gold will be.

    This isnt the 1980s anymore. Our entire fiat system is crumbling before our eyes and slowly but surely gold will go up with it.

    If you havent put at least 5% of your net worth into gold youre going to get slaughtered as the ongoing currency wars heat up. The consolidation of the last two years has been largely a product of people thinking things are getting better and flat out manipulation.

    Gold is at a 6 month low right now so im telling everyone I know to get into both silver and gold now as everything is coming together for a big time recession this spring. The price is being brought down so commercial banks can unwind their short positions and go long. The writing is on the wall as the propped up economy is close to tanking.
    It's just an opinion... man...

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    Quote Originally Posted by Zippyjuan View Post
    Nothing is absolutely certain.
    That's a contradictory statement. Saying "nothing is absolutely certain" is an absolute.

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    Quote Originally Posted by Carson View Post
    Keep in mind though that the gold is a flat line of gold being gold. That charts shows the dollar being the dollar in my estimation.

    I remember we had some hard times in the 80's finding work wise. Selling silver wise on the other hand I remember it being up in the stratosphere with what has been thought the Hunt Brother manipulation. Could be there was more to it than just the brothers.

    I don't really see the economic crash back around 2001 or so in those charts (tiny). Maybe others would tell another tale.


    I have a lot of respect for long term charts. Specially if they can reach way past the start of the 71's style counterfeiting.
    Would this be suggesting that an inflation adjusted price for gold would be a flat line? Let us look at that and see. 2009 is the most recent chart I can find so it does not show the recent declines in the price of gold.

    http://www.rapidtrends.com/2009/09/2...tion-adjusted/
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