.................Worldwide Massive Deflation
The fact that most if not all major world stock markets have plummeted, the fact that many financial stocks have been annihilated, residential real estate is in a depression in the US due to the credit crisis, money market rates have plummeted, mortgage/retail (credit cards, auto loans, furniture, electronics, etc) credit is tight due to the credit crisis/sharply rising default rates, etc, all these factors are obviously highly deflationary, which is a huge negative for commodities/gold.
The central banks will try to inflate the world out of the huge deflationary tsunami, but, it'll take time, and, it won't be as effective as it was in the past, due to much tighter lending practices.
The rapid growth in the money supply in much of the world is in response to/to deal with the deflationary tsunami. It'll take time to inflate the world out of this massive wave of deflation, which is why a commodities Cyclical Bear Market is upon us.
.......http://www.JoeFROCKS.com/ .
HUI NEM XAU
The central banks will try to inflate the world out of the huge deflationary tsunami, but, it'll take time, and, it won't be as effective as it was in the past, due to much tighter lending practices.
The rapid growth in the money supply in much of the world is in response to/to deal with the deflationary tsunami. It'll take time to inflate the world out of this massive wave of deflation, which is why a commodities Cyclical Bear Market is upon us.
.......http://www.JoeFROCKS.com/ .
HUI NEM XAU
Labels: Gold, Gold Stocks, HUI, NEM, Silver, Silver Stocks, XAU
posted by Joe Ferrazzano at
7:46 AM
3 Comments:
Gold is outperforming every other asset class and cannot decline significantly in the face of the monetary inflation you mention. M3 is increasing at more than 15% per year. M2 is increasing at more than 20% per year. The IMF will sell 12.5% of its gold reserves if approved by Congress. They are doing everything they can to keep gold at bay, including you. But these efforts are failing. You must think if you repeat this disinformation enough times that you will affect the gold price. Its not working other than your ineffective showboating on days when there are small to moderate corrections like today. More gold for the wise, but coal for your stocking. Why inflict this pain on yourself?
Clearly you are insane. Get help!
By
Anonymous, at 11:54 AM
"Gold is outperforming every other asset class and cannot decline significantly in the face of the monetary inflation you mention."
It can and is declining since it peaked at $1033. As I said: "The rapid growth in the money supply in much of the world is in response to/to deal with the deflationary tsunami. It'll take time to inflate the world out of this massive wave of deflation, which is why a commodities Cyclical Bear Market is upon us."
I doubt that gold has outperformed Wheat or silver for example. I doubt the accuracy of your statement.
Gold experienced a major technical breakdown three weeks ago when it's multi month trendline broke down. Do you understand basic technical analysis? Beware the sucker chump gold writers!
By
Joe Ferrazzano, at 12:13 PM
"Clearly you are insane. Get help!"
Right, clearly you are a dingbat with an agenda GOOFBALL.
By
Joe Ferrazzano, at 12:16 PM
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