[Josey Wales] Good morning to all ..........Lets pray that Okie is out of fuel....and landing to make his post...........I am ready to graduate D-University
[Jeff] hey guys good morning and then I have to go read this link eye popping....
[Jeff] in that link Japan is preparing to declare that for the first time in 16 years they will be announcing the end to their deflationary trends and that they will see an uptick in inflationary trends...lol absurd growth wowee
[misskitty05] Jeff they are now announcing a positive consumer spending trend??? whoo hooo....takes money for consumer spending
mbillions] Jeff After that nuclear disaster, that is pretty impressive...
[Jeff] misskitty05 I was startled by that very startled amazing
[misskitty05] Jeff they continue to set the stage for the great change which is about to occur
Read More Link on Right
[Jeff] misskitty05 LOL no the great cover story about to unfold for the great change .
[captaincaveman ] jeff
[Jeff] This article talks about how purchasing of gold by China and India has contracted LOL very important news
[Jeff] This article talks about how the Central Banks of the world have more than doubled their gold investments lol you all see the trend here?
[moonchild] just checking on the reset. Keep thinking that the jugglers cannot keep the balls in the air much longer. Traditionally the markets have much less liquidity in August due to traders being on vacation. This would be the best time.
[misskitty05] moonchild good morning ... Jeff posted an intereesting article...Japan is predicting a major increase in consumer spending ...hummmm
[rustyc] cruiser looks like gold is up how are other trends looking today?
[cruiser] rustyc only a little. Did you see the video on bloomberg of gold going to 2000 again.
[rustyc] cruiser no but I did see they were saying it would go over 1800 soon on cnbc where is the link if you have it
[cruiser] rustyc www.bloomberg.com on the right side of the screen. first link.
[rustyc] cruiser thank you
[cruiser] rustyc with Soros going into gold (BTW, he has stated numerous times he would never) and Paulson you would think gold would be a little higher.
[rustyc] cruiser I also saw that china was moving to gold based is that true?
[cruiser] rustyc I do not know about that. Really wish we had a better source or sources.
[pappyy] cruiser maybe this explains why gold isn't sky rocketing yet, not sure, your thoughts? .
[cruiser] pappyy !st paragraph said it all. India and China are the one's buying. Why? Because they do not have any at all and need it to back their currency. Notice QE from either the U.S or Europe will bring that price up.
[pappyy] cruiser I caught the QE part, more info coming out, hoping it is all a good sign of things to come!
[justaguy] cruiser Soros has been playing games with gold about 6 months ago he said he was selling gold. Only a small position hoping people would follow and dump their positions thus dropping the price so he could wedge in with large purchases.
[cruiser] justaguy I have never heard him say anything positive on gold. He was heavy on the Banks. Wonder why he got out of them?
misskitty05] redhead1 2-4 a.m. has come and gone and we're still waiting but I do believe we are in the zone
[cruiser] pappyy to me the important part was India and China. They have NO source of gold but to purchase it. They have Zero in ground assets of gold. For that matter China has Zero in ground Assets period.
[justaguy] cruiser A complex plan, well thought out he doesn't make a move on a whim. He has inside info all designed to increase his own wealth.
[moonchild] cruiser I thought that I had read a few months ago that India was buying oil from Iran and paying in gold.
[cruiser] justaguy That is a very true. And for him, as well as others moving yesterday, kind of makes you wonder.
[misskitty05] moonchild wasn't that China?
justaguy] cruiser Chances are his first moves are a head fake to drive prices down so he can swoop in.
[moonchild] misskitty05 I have dealing with India, which is why I took note of that non-USD action going on. Fairly sure it was India. I think that China is dealing with Russia for oil and paying in something other than USD, but not gold that I am aware of.
[cruiser] moonchild Cannot confirm that. So i chalk that up to rumor. I thought it was China?
[misskitty05] moonchild ok I could be mistaken
[blessedandhighlyfavored] misskitty05 Don't forget 2pm-5pm window of opportunity. :bliss: :bliss:
[cruiser] justaguy like you said, months ago he planted the seed. Now time to grow.
[Stitch] BigB everything seeming to align in the news!
[moonchild] cruiser there are quite a few countries now trading with each other and paying with things other than USD. India, China and Russia are among that group.
[BigB] Stitch It just seems to keep getting better and better...
[cruiser] moonchild the BRICS
[Stitch] BigB yes, it does!! grin
[cruiser] moonchild BTW that is only 5. Not a whole lot , is it?
[BigB] Stitch Good - I'm really getting tired of reading all this "stuff"!
[moonchild] cruiser yes, but not sure that it is all of them. The BRICs may be only 5 but they are some of the least sick economies around. I know that that is not saying much, but it puts them several steps above most others.
[cruiser] moonchild I understand and they are kind of responsible for most of these changes we are going to see. They are a powerful group. But remember, last Summer Brazil bought up an enourmous amount of the USD ( when it was at 65/66).
BigB] Can this be the day?????
[Josey Wales] the sun is shining, and we sit in a great window of opportunity with our IQD investment..........Buckle up, and get your things in order.