Generational Dynamics Forum - New Site

aeden wrote: Sun Aug 16, 2020 11:41 am Stagflation hit has already announced itself.

Higgenbotham wrote: Mon Aug 17, 2020 1:19 am https://youtu.be/QRRwBqwKWz4?t=3142

https://youtu.be/QRRwBqwKWz4?t=3670

aeden wrote: Mon Aug 17, 2020 4:14 pm Where was it?
Fett buys dead relic.
Fett bashes gold says the magical metal was no match. Feb, 23, 2019
Fett tell the 1000 yard stare cult in 2012 annual meeting that he would bet his life against the precious.
Fett can't imagine a worse crowd to deal with than the precious.
Dunning Kruger never fails.

Richard Russell on the Markets
November 26, 2002
Richard Russell

The most interesting area, for me, is gold. I don't know exactly what the Fed's real attitude towards gold is, but I would guess that they'd like to see gold hold around 320. They wouldn't want the price of gold to decline substantially, since that would be an indication of the dreaded deflation. And they probably don't want gold to head skyward, because in that event even the Wall Street Journal would understand that surging gold would be a tell-tale sign of inflation. So my guess is that the Fed would like gold to sit right here in the $320 area.

This is why I have labeled the present period the initial phase or "the accumulation phase" of the gold bull market. It's the phase where knowledgeable investors are accumulating gold and gold shares and where the public and the majority of funds continue to ignore gold and gold shares.

The little-noticed, little-understood bull market
Richard Russell
Dow Theory Letters
Nov 8, 2005

Extracted from the November 7, 2005 edition of Richard's Remarks

Gold -- What's that they say? Oh, I remember -- "a picture is worth a thousand words." Well, a chart is just a picture. But unfortunately, most people deal with what I call micro-charts, charts that only cover a few months usually on a daily basis. Sometime a BIG chart on a monthly basis brings out the real story. I think the chart below is this kind of chart.

Here we see a profile of one of the big stories of this century. It's the little-noticed, little-understood bull market in gold. Yet, as I see it, gold is in the early part of the second phase of its bull market. This is the phase where the institutions and the more sophisticated public begin to nibble at the item. But as usual, most of the attention is centered on the daily action of gold, the little wiggles, the position of the Commercials, the 50-day moving average, the current sentiment, the talk, the rumors, the endless BS about gold.

Below we see the big picture, the month by month massive advance in the metal, the accumulation on each decline. My advice all along has been to accumulate gold, continue to buy the dips and the corrections. When you buy gold you are "collecting" an item that has been accepted as wealth for 5,000 years. The danger in holding gold -- it may go down in terms of paper, for a while. The plus in holding gold -- it will be wealth in the face of any and all emergencies and disasters.

Higgenbotham wrote: Sat Aug 15, 2020 10:19 pm I haven't traded silver since the March low but I took a crack at it Friday for the first time in 5 months. Here's a snip from my daily statement. I would never go short and hold based on the above expectation of a 1/3 drop but when there's a lot of bullishness followed by turbulence in a market it can often result in profitable trading.