24-Sep 1-Oct Change % change
Silver, cents/oz. 2138.3 2203.7 65.40 3.1%
Gold, dollars/oz. 1,296.00 1,316.10 20.10 1.6%
Gold/silver ratio 60.61 59.72 -0.89 -1.5%
Silver/gold ratio 0.01650 0.01674 0.00024 1.5%
Dow in Gold Dollars (DiG$) $173.23 $170.10 $(3.13) -1.8%
Dow in gold ounces 8.380 8.229 -0.15 -1.8%
Dow in Silver Oz 507.89 491.43 -16.46 -3.2%
Dow Industrials 10,860.26 10,829.68 -30.58 -0.3%
S&P500 1,148.67 1,146.24 -2.43 -0.2%
US dollar index 79.282 78.034 -1.25 -1.6%
Platinum 1,641.50 1,676.30 34.80 2.1%
Palladium 559.70 570.70 11.00 2.0%
You might want to pay especial attention to the dollar index in bold. The dollar is tanking.
One projection ( actually several ) have gold and silver making some small corrections ahead, but going nuts in the next few months.
BTW, this is not my work, but the work of a gentleman I trust and read often.
It takes no real expert to see what is on the horizon unless this administration does an about face on it's spending and policies. We know that is not going to happen anytime soon.
Quote from: Seawolf on October 02, 2010, 06:25:47 AM
It takes no real expert to see what is on the horizon unless this administration does an about face on it's spending and policies. We know that is not going to happen anytime soon.
I'm not convinced we're not already past the point of no return, CC.
Quote from: Shooterman on October 02, 2010, 06:44:27 AM
I'm not convinced we're not already past the point of no return, CC.
And good morning to you. You're such a little ray of sunshine. ;D
Quote from: Dan on October 02, 2010, 07:23:01 AM
And good morning to you. You're such a little ray of sunshine. ;D
And a hearty har to you, as well, Daniel. Show me the error of my ways. 13 to 14 Trillion in nominal debt. Trillion dollar deficits as far as we can see. 100 Trillion in unfunded liabilities. The FED buying our own debt with printed dollars.
Shooterman if we stay on our current course then we will surely fail. So the conversation would be about positive changes we could make going forward. But since you usually don't like to allow for the possibility of positive future outcomes, then what's the point of an involved conversation on the subject?
Quote from: Dan on October 02, 2010, 07:38:49 AM
Shooterman if we stay on our current course then we will surely fail. So the conversation would be about positive changes we could make going forward. But since you usually don't like to allow for the possibility of positive future outcomes, then what's the point of an involved conversation on the subject?
Translation; you have no better concept than I do.
BTW, Daniel, do you have any positive/nonpositive comments about the information I posted.
Quote from: Shooterman on October 02, 2010, 07:44:46 AM
Translation; you have no better concept than I do.
Not at all. What I am saying is that I can predict your response and anticipate your dismissing anything that doesn't support your preconceptions. So what's the point?
Quote from: Dan on October 02, 2010, 07:48:21 AM
Not at all. What I am saying is that I can predict your response and anticipate your dismissing anything that doesn't support your preconceptions. So what's the point?
By, Dan. Thanks for the hijack.
Quote from: Dan on October 02, 2010, 07:38:49 AM
Shooterman if we stay on our current course then we will surely fail. So the conversation would be about positive changes we could make going forward. But since you usually don't like to allow for the possibility of positive future outcomes, then what's the point of an involved conversation on the subject?
That's the thing, the World economy is still based on the dollar, if we suffer, they suffer, as is the case World wide.
We are not going to hell in a basket, our economy and those that are invested in the dollar know we always run deficits, we've just never ran it up this quickly in the past, and the interest rate scares the Hell out of people.
thing is, the World still has vested interest in the Dollar working, or they all collapse.
Once the midterm passes, the World will breathe a collective sigh and settle down.
The "Point of No Return" was passed sometime ago.
Or perhaps better stated (written) is that you cannot return to a sane self sustaining economic Nation/Empire without extreme pain for the masses of sheeple.
Conservative estimates of Imperial Liabilities are in the neighborhood of 127 Trillion and climbing.
Using GAAP, Imperial Liabilities are north of 203 Trillion.
For FY 2010 which ended last Thursday without a Budget, the Empire's total revenue from all sources was 2.4 Trillion.
The Budget was 4 Trillion.
The Big Four, ie: Social Security, Medicare, Medicaid and Interest on the Debt soaked up 2.2 - 2.3 Trillion of the revenue.
Do the math.
Housing prices wll fall another 10% - 30% or more depending on location and the best conservative estimate for house appreciation to begin once more is 2020 and that is with adult leadership in DC today.
Banks didn't stop Foreclosing out of kindness...they stopped to to prevent themselves from going under due to losses for which they have no reserves.
Good to see you, Top. Glad you're here.
Quote from: Shooterman on October 02, 2010, 07:56:41 AM
By, Dan. Thanks for the hijack.
It's not all about you Shooterman. I promise.
Solar, the allowance for a positive future outcome would go like this. European and Sotho American countries are slashing their budgets. There is a popular movement to do the same here and it's about to win one or both o the houses of our national legislature too. At a minimum we can stop the bleeding and ride out 2 years of gridlock. At beat we can use the role of the House in initiating all new spending legislation to start rolling back some of the damage that has been done.
But I don't want to get into some highly predictable conversation where nothing good can ever possibly happen and we all have to spend pages wallowing in dooms day scenarios where we all have to buy shotgun shells and canned food.
Home prices aren't our road to salvation. The only way to grow our economy in a sustainable way is to improve our trade imbalance. Export more and import less. The rest is pissing in the wind.
I don't think America has passed the point of no return. But I do think the time for comfy, easy choices has passed. Social security and Medicare are past the point of no return. Cushy public sector benefits are past the point of no return. Cushy union benefits are past the point of no return. An expectation of a comfortable and secure retirement at age 65 is past the point of no return. But America is not past the point of no return.
Welcome to the forum Pepe, good to see ya again. :)
Quote from: Dan on October 02, 2010, 09:06:20 AM
Solar, the allowance for a positive future outcome would go like this. European and Sotho American countries are slashing their budgets. There is a popular movement to do the same here and it's about to win one or both o the houses of our national legislature too. At a minimum we can stop the bleeding and ride out 2 years of gridlock. At beat we can use the role of the House in initiating all new spending legislation to start rolling back some of the damage that has been done.
But I don't want to get into some highly predictable conversation where nothing good can ever possibly happen and we all have to spend pages wallowing in dooms day scenarios where we all have to buy shotgun shells and canned food.
Yep, that's the thing, America and it's Sollar is still the standard the rest of the World uses.
If we hick up, they throw up, they have every reason to see to our success, if we fail, the World will fall into ruin.
But we are no where near the cliffs edge.
I've been saying for months, once the leftists are out of power here, the World will take a collective deep breath.
There is a reason the rest of the free World is rejecting socialist policy, it simply doesn't work.
I see a reemergence of Conservative ideals, fiscal and social, the World wants freedom from oppressive governments.
We will' be just fine, I guarantee it!!! :)
Quote from: Dan on October 02, 2010, 09:06:20 AM
Solar, the allowance for a positive future outcome would go like this. European and Sotho American countries are slashing their budgets. There is a popular movement to do the same here and it's about to win one or both o the houses of our national legislature too. At a minimum we can stop the bleeding and ride out 2 years of gridlock. At beat we can use the role of the House in initiating all new spending legislation to start rolling back some of the damage that has been done.
But I don't want to get into some highly predictable conversation where nothing good can ever possibly happen and we all have to spend pages wallowing in dooms day scenarios where we all have to buy shotgun shells and canned food.
But I already started.... ;D ;D
I say go for silver, it will double, suprised it has stayed at the $20 mark for so long.
I have been noticing the slowdownward tick on the dollar since July since I am on some of the exchange rates overseas, I get less and less of the local 'funny money'.
Billy