SIRI Intraday Updates for the Week of 3/16/09

[airman]

Anyone care to speculate on closing price today. Just curiuos what others are thinking. .45 would be nice.

I will wait to make a prediction after 1:30 ... will be much clearer then

I know that is cheating

[relmor2003]

Come on, you would have to be an idiot not to know inflation was coming back. Who here didnt think that those stimulas bills paid for by the government with money they did not have was not going to result in inflation. Hell with Obamas deficit running at 12.3% of GDP. You are not only going to see it back it is going to be as bad as the Carter years. Then the fed will have no choice but to raise interest rates to try and stop it. which also lead to 11% interest rates.

John, I agree with you. But i can show you a forum full of idiots who thought deflation would last into 2010, min. Yes, there are a lot of idiots out there, and they read the WSJ and Barrons. Im heavy into gold john, so I am a firm believer that long deflation is impossible, and an outright enemy of our system. Cant pay back old debts without inflation. Mathematically impossible. Gold is giving a huge buy in opportunity today. I took advantage.

[JohnnyIrishXM]

My only prediction is it won't be the high for the day,probaably .38 if we don't break .40.or who knows then..

[airman]

John, I agree with you. But i can show you a forum full of idiots who thought deflation would last into 2010, min. Yes, there are a lot of idiots out there, and they read the WSJ and Barrons. Im heavy into gold john, so I am a firm believer that long deflation is impossible, and an outright enemy of our system. Cant pay back old debts without inflation. Mathematically impossible. Gold is giving a huge buy in opportunity today. I took advantage.

I agree with you on gold .... ok here is a crazy prediction gold 2011 will match the year it is in

[airman]

ok maybe that isnt my prediction ... but a possible outcome with the things that are coming

[JohnnyIrishXM]

Inflation has already been here,just go to the supermarket and compare the size of all food packages.EX:most ice cream use to be 2 quarts,now it is sold in 1 1/2 quart cartons at higher price.this is the way to keep it out of the news...check other products downsizing and price increases..
it's all a shell game...

[airman]

Inflation has already been here,just go to the supermarket and compare the size of all food packages.EX:most ice cream use to be 2 quarts,now it is sold in 1 1/2 quart cartons at higher price.this is the way to keep it out of the news...check other products downsizing and price increases..
it's all a shell game...

The inflation that is coming is another animal all together though.

[mogami]

Hi, I think people lose their a$$ on gold. it's another ponzi scheme. You get hyped into buying raising the price and the guy before you sells sending it back down. The last ones in get left with nothing. Lets check back in Mar 2010 and see how you did. Gold goes up when everything else goes down. It just barely broke 1,000 during one of the largest economic downturns in history. Where can it go when everything else starts improving?

[JohnnyIrishXM]

The inflation that is coming is another animal all together though.

I agree,Mortgages have to go to 8% or 9% next year.and Treasuries are in for a tough ride,with all that debt to sell...Fed is teetering on a major tight rope right now...

[relmor2003]

Hi, I think people lose their a$$ on gold. it's another ponzi scheme. You get hyped into buying raising the price and the guy before you sells sending it back down. The last ones in get left with nothing. Lets check back in Mar 2010 and see how you did. Gold goes up when everything else goes down. It just barely broke 1,000 during one of the largest economic downturns in history. Where can it go when everything else starts improving?

No. Check the gold chart with the DOW from 2003 to 2008. You will see when Gold goes up, and the effects of that wave on inflation. Gold will go up with the DOW no problem, as long as they keep printing money, and debasing their currency. The huge jumps on gold will happen when the dollar index goes sub 80 again. When the flight to bonds , and cash ends, more of the will go into gold than last round of inflation, etc... etc.... As failure of the fiat system continues, and we have ever increasin budget deficits, gold only has one direction to go, up. Dont even get me into the supply problems in gold right now. Dont own the GLD long term true, this is a ponzi scheme, as I feel their is no gold there.
Never trade in gold futures until your one of the best traders or dont hold a margin. Thats a rough ride. Gold stocks move nicely with gold jumps however, and my preferred vehicle in gold.