http://blogs.reuters.com/commodity-corner/2008/09/26/commodities-roundup-gold-bugs-party-alone/ Views on commodities and energy Thu, 20 Jun 2013 03:11:15 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/commodity-corner/2008/09/26/commodities-roundup-gold-bugs-party-alone/comment-page-1/#comment-335170 OilyGasMiner Fri, 26 Sep 2008 20:29:03 +0000 http://blogs.reuters.com/commodity-corner/2008/09/26/commodities-roundup-gold-bugs-party-alone/#comment-335170 Emily May Mr. Lam Sai Wing rest in peace. Though I wish I knew what he based is predictions in the gold surge, I’m sure his guess was just as good as ours. I believe the reason that gold is not as high as expected by Mr. Murphy has to do with the current confusion and delay in the official passing of the bailout bill. However, I do agree with the Gold Anti-Trust Action Committee that inflation will ensue. As with the influx of over a trillion dollars. What don’t believe me? Troubled Asset Relief Program: $700 billion Fannie Mae and Freddie Mac: $200 billion (est.) AIG: $85 billion Bear Stearns: $29 billion Current running total: $1,014 billion This is essentially what is needed to create inflation. I know one group that’s in favour of that, and that would be the FX traders who are consistently shorting our dollar, because it’s just too easy to resist. Let’s keep in mind that our current trading deficit is nearing the $7TRILLION dollar mark (it’s actually $6.9T), <a href="http://www.stockresearchportalblog.com/2008/09/update-desperate-people-do-desperate-things/" rel="nofollow">Source</a>that’s an increase in our deficit of approximately 15%. My question is how much more deeper in debt can our government handle. I’d also like us to remember that if we can’t get out, there is an increasing possibility of the d word. That’s right default. Have a great weekend everyone! Emily
May Mr. Lam Sai Wing rest in peace. Though I wish I knew what he based is predictions in the gold surge, I’m sure his guess was just as good as ours. I believe the reason that gold is not as high as expected by Mr. Murphy has to do with the current confusion and delay in the official passing of the bailout bill. However, I do agree with the Gold Anti-Trust Action Committee that inflation will ensue. As with the influx of over a trillion dollars. What don’t believe me?
Troubled Asset Relief Program: $700 billion
Fannie Mae and Freddie Mac: $200 billion (est.)
AIG: $85 billion
Bear Stearns: $29 billion
Current running total: $1,014 billion
This is essentially what is needed to create inflation. I know one group that’s in favour of that, and that would be the FX traders who are consistently shorting our dollar, because it’s just too easy to resist. Let’s keep in mind that our current trading deficit is nearing the $7TRILLION dollar mark (it’s actually $6.9T), Sourcethat’s an increase in our deficit of approximately 15%. My question is how much more deeper in debt can our government handle. I’d also like us to remember that if we can’t get out, there is an increasing possibility of the d word. That’s right default. Have a great weekend everyone!

]]>