tag:blogger.com,1999:blog-4490468598422095060.post1132141457169404547..comments2024-03-17T07:55:12.096-07:00Comments on FOFOA: Once Upon a TimeFOFOAhttp://www.blogger.com/profile/17152544684132776239noreply@blogger.comBlogger287125tag:blogger.com,1999:blog-4490468598422095060.post-76925154617151913722011-09-27T23:14:07.340-07:002011-09-27T23:14:07.340-07:00Unless this has already been posted, this may be o...Unless this has already been posted, this may be of interest to some here:<br /><br />http://ftalphaville.ft.com/blog/2011/09/14/677021/why-gold-forward-rate-inversion-is-important/<br /><br />:)Petehttps://www.blogger.com/profile/13424744710145557605noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-35179014715402127852011-09-25T00:19:37.804-07:002011-09-25T00:19:37.804-07:00Victor,
Thanks for your thoughtful response.
re:...Victor,<br /><br />Thanks for your thoughtful response.<br /><br />re: <i>"reminiscent of GLD"</i>, I was referring to contractual gold obligations which have an "out" in the conditions whereby cash can settle rather than physical, and inferring that CB lease agreements with BBs may do similar, particularly in light of the Portuguese experience you referenced.<br /><br />You Piripihttps://www.blogger.com/profile/03271512349186616514noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-11157599742386152692011-09-24T13:38:08.940-07:002011-09-24T13:38:08.940-07:00Hi Robert,
Great suggestion. Let's all celebr...Hi Robert,<br /><br />Great suggestion. Let's all celebrate here at FOFOA's every time paper price goes down $100, and we are one step closer to real price discovery on physical gold :-)<br /><br />/Burningburningfiathttps://www.blogger.com/profile/15830817879033179597noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-13394212090949924302011-09-24T00:14:49.717-07:002011-09-24T00:14:49.717-07:00Hi costata
I'm glad to remind you of somethin...Hi costata<br /><br />I'm glad to remind you of something you already know. That is indeed the correct way to look at it.<br /><br />The recent price action gave me another set of interesting thoughts.<br /><br />USA says : Gold is worth_less<br /><br />ROW says : We don't agree.<br /><br />Previously, most of the time ( almost always and everyone) when USA said gold is now worth less, Motley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-52283784091640072062011-09-23T18:17:01.288-07:002011-09-23T18:17:01.288-07:00MF,
A great big thank you for the reminder about ...MF,<br /><br />A great big thank you for the reminder about exchange rates. Now my <b>Price = Supply</b> interpretation of the gold managers' targets will be expressed as:<br /><br /><b>Price = Supply x Weighted Avg Currency Exchange Rate</b><br /><br />The weightings determined by gold demand in each regional currency and the change in the exchange rate of each of the major currencies costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-81430327898742211902011-09-23T17:10:42.365-07:002011-09-23T17:10:42.365-07:00burning fiat
you don't kumbaya $100 paper pric...burning fiat<br />you don't kumbaya $100 paper price gains. In fact you wait for paper price to reach ~zero.<br /><br />I know that is what FOFOA has said, but I have also noticed that he opens a new discussion thread every time the paper price rises $100. Perhaps it should be the other way around, and there should be a new thread every time the paper price drops $100 -- like a countdown allRoberthttps://www.blogger.com/profile/06440125454817518056noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-24462265115309701992011-09-23T16:41:50.128-07:002011-09-23T16:41:50.128-07:00Gideon
and I KNEW that a major correction was comi...Gideon<br /><i>and I KNEW that a major correction was coming</i><br /><br />I'm not saying you didn't, but its a pity this wasn't documented before the correction. Or was it? You have been on blogger only since August 2011. Just sayin.<br /><br />Anyway as like you, everyone here would be strong hands through this and looking on with amusement.<br /><br />So are will you be buying in Wintershttps://www.blogger.com/profile/08008868360645012995noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-67904908311540147042011-09-23T14:30:28.000-07:002011-09-23T14:30:28.000-07:00Gideon,
Thx, good reply...
If you understand FOF...Gideon,<br /><br />Thx, good reply...<br /><br />If you understand FOFOA, you don't kumbaya $100 paper price gains. In fact you wait for paper price to reach ~zero.<br />FOFOA followers therefore don't mind $100 paper price drops. Also, my guess is most FOFOA readers doesn't care about wave 5.<br /><br />/Burningburningfiathttps://www.blogger.com/profile/15830817879033179597noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-26112752385858252902011-09-23T14:23:23.842-07:002011-09-23T14:23:23.842-07:00Alright gideon
A last bit of advice then. Technic...Alright gideon<br /><br />A last bit of advice then. Technical analysis will work until it doesn't anymore.<br /><br />Be careful of being to stuck to your paradigms. (and I say this full well knowing you can point out my FG'ness. I can accept that :P )<br /><br />TFMotley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-86289642628150465792011-09-23T14:15:33.324-07:002011-09-23T14:15:33.324-07:00thank you for the replies. As i stated above, NO ...thank you for the replies. As i stated above, NO i have not sold any physical and do not intend to. I just think it is more prudent to be patient and let the price come to you than chase the bus. I have only accumulated several times this whole bull market, but all near ideal entry points, and all veyr large amounts. Since I think it is going much higher and do not intend to miss it I do not gideonhttps://www.blogger.com/profile/14593141088416020935noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-14564149145784432572011-09-23T13:55:15.504-07:002011-09-23T13:55:15.504-07:00Dear Gideon,
The guys commenting on this blog hav...Dear Gideon,<br /><br />The guys commenting on this blog have all bought gold at max. price of $1920 (probably at a lot lower average price like myself). If they believe FOFOA's writings, they probably haven't sold this correction.<br /><br />If the technicals point to a minimum of $10000 (that's your assumption), aren't these guys going to be rich moronic zealots?<br /><br />Is burningfiathttps://www.blogger.com/profile/15830817879033179597noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-40605878559888363132011-09-23T11:58:17.963-07:002011-09-23T11:58:17.963-07:00Hey gideon
Ideally price and value should have a ...Hey gideon<br /><br />Ideally price and value should have a very small divergence. Unfortunately our economic system is so manipulated that there aren't much markets left, only manipulations.<br /><br />The premise of FG is that one can only deny reality so long.<br /><br />You are considering reasons for buying gold. Well and fine. I agree those who are chasing the run for a paper profit areMotley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-89576778562322537122011-09-23T11:54:04.712-07:002011-09-23T11:54:04.712-07:00Neverfox,
Barsky-Summers say: The real price of g...Neverfox,<br /><br />Barsky-Summers say: The real price of gold today anti-correlates with the actual future real rate of return on long bonds.<br /><br />Eddy Elfenbein says: The nominal price of gold today anti-correlates with the anticipated real rate of return on short bonds.<br /><br />I am inclined to claim that Barsky-Summers are right and Eddy Elfenbein is wrong.<br /><br />First, when heAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-65359095198011682782011-09-23T11:47:01.948-07:002011-09-23T11:47:01.948-07:00why do price and value have to be mutually exclusi...why do price and value have to be mutually exclusive? That is why I call it zealotry, b/c most people here seem to believe with religious zeal that someday soon the gold messiah will come, and it will all be magical and easy. If freegold is coming, then there will be people like the giants and bankers etc who are aware of it, and it will be reflected in the charts. I highly doubt freegold is gideonhttps://www.blogger.com/profile/14593141088416020935noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-52165676743720603332011-09-23T11:38:30.191-07:002011-09-23T11:38:30.191-07:00Hi gideon
I'm one of these self-confessed mor...Hi gideon<br /><br />I'm one of these self-confessed morons you speak of.<br /><br />That must be why I missed the raging discussion about gold price. <br /><br />I thought we addressed the topic value here. Silly me.<br /><br />If you do wish to talk about price it may be a good idea to remember that "American fuck yeah!" isn't the only country in the world.<br /><br />Sadly Motley Foolhttps://www.blogger.com/profile/06902761012772262091noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-69630009926734786812011-09-23T10:40:09.479-07:002011-09-23T10:40:09.479-07:00Sorry, I posted that before seeing that there were...Sorry, I posted that before seeing that there were already comments discussing it.Neverfoxhttps://www.blogger.com/profile/01066366321468459399noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-31482415371622871932011-09-23T10:39:13.947-07:002011-09-23T10:39:13.947-07:00Anybody want to comment on this?
Also, any Freego...Anybody want to comment on <a href="http://www.crossingwallstreet.com/archives/2011/09/what-operation-twist-means-for-gold.html" rel="nofollow">this</a>?<br /><br />Also, any Freegold perspectives on this current crash in the paper price?Neverfoxhttps://www.blogger.com/profile/01066366321468459399noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-34441166073792046652011-09-23T10:25:18.138-07:002011-09-23T10:25:18.138-07:00To those of us technicians who were fully expectin...To those of us technicians who were fully expecting an over 20% price drop, this was fully expected, and is no big deal. In case anyone cares to know(though with the moronic zealotry I see here I am doubtful) I anticipate a low between 1380 and 1440 before the beginning of the next massive upswing, which should be quite impressive. I am agnostic about freegold, but the minimum target I see for gideonhttps://www.blogger.com/profile/14593141088416020935noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-15718110097793884462011-09-23T10:24:03.300-07:002011-09-23T10:24:03.300-07:00If someone is selling a lot of physical gold at th...If someone is selling a lot of physical gold at the moment, then I wonder who is buying it?Max De Nirohttps://www.blogger.com/profile/05680929281530200273noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-18886311391601013672011-09-23T09:43:52.482-07:002011-09-23T09:43:52.482-07:00Jeff,
I posed the question once before, what happ...Jeff,<br /><br /><i>I posed the question once before, what happens if Paulson starts liquidating GLD?</i><br /><br />In order to understand this, one could take a look at the idea of the GLD puke indicator.<br /><br />If the main selling pressure is in GLD, then GLD should lose inventory. If the selling pressure is in the market for physical gold (outside GLD), then GLD should gain inventory evenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-54235665548318359572011-09-23T09:29:37.573-07:002011-09-23T09:29:37.573-07:00I posed the question once before, what happens if ...I posed the question once before, what happens if Paulson starts liquidating GLD? Looks like we may find out; there are rumors swirling that someone big is liquidating metals postions.Jeffhttps://www.blogger.com/profile/08785185950964767294noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-13869548814922178762011-09-23T08:55:54.725-07:002011-09-23T08:55:54.725-07:00No worries.This fall in gold maybe due to the temp...No worries.This fall in gold maybe due to the temporary bull market ending, but....<br /><br />http://www.youtube.com/watch?v=FuftVzVu5Zc<br /><br />Regards<br />Ozzymr pinnionhttps://www.blogger.com/profile/02141885907635151093noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-75776658622281088812011-09-23T03:52:54.991-07:002011-09-23T03:52:54.991-07:00DP,
http://www.youtube.com/watch?v=wXGuJO_7A1wDP,<br /><br />http://www.youtube.com/watch?v=wXGuJO_7A1wCrackhttps://www.blogger.com/profile/01907057178754937392noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-35275124679232326882011-09-23T03:48:52.107-07:002011-09-23T03:48:52.107-07:00Daddy controls your breathing
Juliet Bravo? Enjoy...<a href="http://www.youtube.com/watch?v=THBe0DoHLUQ" rel="nofollow">Daddy controls your breathing</a><br /><br />Juliet Bravo? Enjoy the weekend.DPhttps://www.blogger.com/profile/01965423353442076871noreply@blogger.comtag:blogger.com,1999:blog-4490468598422095060.post-91605833880773052942011-09-23T03:35:16.655-07:002011-09-23T03:35:16.655-07:00JR,
I see. I lived in Argentina: I know exactly ...JR,<br /><br />I see. I lived in Argentina: I know exactly what HI is. What you describe for Iceland is not HI. In fact, Argentina today is probably running a 30% real inflation rate (the government will only admit to about 10% of it). Even at 30%, it's still not HI.<br /><br />In any case, the CBs are tightening. If you open your eyes you will see everything draining in value vs fiat, Texanhttps://www.blogger.com/profile/02676648339246724302noreply@blogger.com