[quote]Headhunter wrote:
tribunaldude wrote:
The EUR/USD has bottomed.
The top economic power suffers the least in a Great Depression.
[/quote]
The sample size is pretty small on that one.
I have a feeling that over the next few years that statement will be proved wrong.
I’m always high.
[quote]Neuromancer wrote:
tribunaldude wrote:
One look at the futures will answer your question.
Lets look at the prophecies that DID come true so far:
Lets look at the ones that WILL come true.
rainjack wrote:
tribunaldude wrote:
Prepare for Black Friday.
Tomorrow? Or any Friday?
Why don’t you wait until just one of your stoned college kid prophecies come true before you start predicting another one?
I am really growing sick of your bullshit.
You’re high again,aren’t you?[/quote]
[quote]tribunaldude wrote:
One look at the futures will answer your question. [/quote]
You never predicted a Black Monday - at least not before before the fact, in which case, it wasn’t much of a prediction.
There was no Bank Holiday in the US. My checks and debit cards have yet to stop working, as you warned they would.
The dollar’s slide lasted for 2-3 days. You predicted a huge crash of the dollar on day 2, and the euro is falling as I type this out.
A rate cut is hardly a sign of the apocalypse.
You promised a Black Friday tomorrow, and Friday S&P Futures real value is actually up 4 points.
How can one idiot be so wrong, yet still claim victory?
Perhaps the crack pipe does not provide the enlightenment you think it does.
Many of these predictions are somewhat ambiguous. Meaning you can make a claim, and during the current insanity (read mass ignorance) something happens, and you can take credit.
Stocks will tank. Oops, there was a drop, gee I was right.
Even in a bull market stocks will have days they drop. Predicting they will drop right now is like predicting a coin toss, and because you were right 50% of the time, you must be psychic.
I have seen “psychics” make prediction after prediction, and then when they hit one, that becomes the proof of their “talent”.
Anyway, when did the dollar tank?
Edit: Gee that chart really doesn’t show up so great here does it?
[quote]rainjack wrote:
You never predicted a Black Monday - at least not before before the fact, in which case, it wasn’t much of a prediction. [/quote]
I did. Check out my thread on “black monday warning”
Well, it happened in some banks in europe.
Give it 25 more days, bub.
really? rate cut upon rate cut upon rate cut.as we stretch the bear market down another 16 years…not a sign of the apocalypse?
Not this friday obviously. The election rally is still in full swing.
no crack thank you. I stick with the one herb of enlightenment.
You need to change herbs.That one isn’t enlightening you at all.
[quote]tribunaldude wrote:
I did. Check out my thread on “black monday warning”[/quote]
No - you didn’t.
[quote]There was no Bank Holiday in the US. My checks and debit cards have yet to stop working, as you warned they would.
Well, it happened in some banks in europe.[/quote]
You said it was going to happen here in the US. You also said that checks and debit cards would stop working. You were wrong. Not that that comes to any surprise to me.
[quote]The dollar’s slide lasted for 2-3 days. You predicted a huge crash of the dollar on day 2, and the euro is falling as I type this out.
Give it 25 more days, bub.[/quote]
You said it was happening right now. It’s not. How can you be correct about something that hasn’t even happened yet? I thought you were listing things you were correct about.
[quote]A rate cut is hardly a sign of the apocalypse.
really? rate cut upon rate cut upon rate cut.as we stretch the bear market down another 16 years…not a sign of the apocalypse? [/quote]
We had interest rates cut to 1% back in 2003. Getting to that level again is not the end of the world.
[quote]You promised a Black Friday tomorrow, and Friday S&P Futures real value is actually up 4 points.
Not this friday obviously. The election rally is still in full swing. [/quote]
So you are once again claiming victory over something that hasn’t happened yet?
By my count, and most every one else with a brain, you haven’t been right about anything you have been yapping about.
And you keep dodging the question - how does a stoned, ignorant college kid get his hands on a “ton” of euros?
Any recommendations?
[quote]Neuromancer wrote:
You need to change herbs.That one isn’t enlightening you at all.[/quote]
GAME OVER, gullible brethren.
Its officially confirmed…paper markets are OVER. COMEX PAPER GOLD MARKETS OFFICIALLY DEFAULTED and the news will be released to the general public soon enough.
If you don’t hold your certificiates, you WILL lose your assets.
But… where’s the crash?
You promised us a crash today. The markets are not open too much longer, so it would need to happen soon.
No I didn’t. I called for a black friday soon…very soon. Obviously with the elections it was not going to be today.
Meanwhile visit the website of legatus here and familiarize yourselves with the basic workings of the soon-to-be most powerful organization.
[quote]The Mage wrote:
But… where’s the crash?
You promised us a crash today. The markets are not open too much longer, so it would need to happen soon.[/quote]
[quote]tribunaldude wrote:
GAME OVER, gullible brethren.
Its officially confirmed…paper markets are OVER. COMEX PAPER GOLD MARKETS OFFICIALLY DEFAULTED and the news will be released to the general public soon enough.
If you don’t hold your certificiates, you WILL lose your assets.
http://www.kitco.com/ind/willie/oct302008.html[/quote]
That was a good read.
It stands to reason that if it costs $700 to get an ounce of gold out of the ground and to market, that not much gold will be mined if the price is $700. If the price falls below that cost, no one will produce at all. This provides a floor under the price.
Governments love to drive down gold. When the action they take plays itself out, gold shoots upward. They can’t repress the price forever. Now throw in all the massive money creation — debt creates money — and you see the dollar becoming worth substantially less, simply because there are a lot more of them. The price should rise and the dollar should fall, relative to gold, at this price.
Conclusion: gold is an excellent buy now and should at minimum protect your wealth.
[quote]tribunaldude wrote:
No I didn’t. I called for a black friday soon…very soon. Obviously with the elections it was not going to be today.
[/quote]
Then why didn’t you clarify that before when RJ asked? You waited until it was obvious there was not going to be a drop.
And now any Friday will do, and guess what, eventually the market will go down on a Friday, and you will be there to take credit.
I predict the world will end!!!
One day.Eventually.Sometime.
On weekends,I also do personal readings,seances,exorcisms and voodoo rituals.
For my services,I accept cash,transfers,credit cards,empty beer bottles,hot cooked meals,cold pizza,and if you are a charity case,gold bullion.
Thank you for your future patronage.
When your prediction does come true no one will be able to use your services nor will you have any need for financial restitution. You need to set your sights a little lower…why not start with the AIDS related death of a randowmly chosen pornstar instead?
[quote]Neuromancer wrote:
I predict the world will end!!!
One day.Eventually.Sometime.
On weekends,I also do personal readings,seances,exorcisms and voodoo rituals.
For my services,I accept cash,transfers,credit cards,empty beer bottles,hot cooked meals,cold pizza,and if you are a charity case,gold bullion.
Thank you for your future patronage.[/quote]
Exactly. Convert ALL your assets to gold and silver or invest 95% of your portfolio in a gold junior.
On a side note, my team and I plan to take out the comstock lode this time next year. Anyone who wants to join us can register online.
[quote]Headhunter wrote:
Conclusion: gold is an excellent buy now and should at minimum protect your wealth.
[/quote]
Even if I believed gold was going to boom, I would never put 95% of my money into it. That is just a stupid investing strategy.
If gold is able to hold it’s value, then there is an economy. If there is an economy, then intelligent investment strategies are important, not this crap.
But if the economy is not going to come back, do not expect gold to hold it’s value. It might boom like crazy, then the dollar would go poof, and on that day the value of gold does the same.
If everything goes to hell, nobody will give a damn about gold. Food and water will become the most valuable substance.
You know, kind of the Max Max scenario. This is where you are headed with these predictions are you not?
If not, then your ideas of gold are even more highly flawed.
There are basic fundamentals in investing. You don’t need to go to all these conspiracy theory based ideas for investing. Even with your “astrological economists” you are not psychic.
The most intelligent way to invest is in response to the market, not attempting to predict it.
Right now is the fire sale on stocks, and you are here preaching about buying an overpriced commodity. (And yes it is overpriced.)
Gold bullion lost 17% this month. Should we have listened to you and bought it?
The shares I have in Wal-Mart (small portion of my portfolio) are up ~16% this year, after the crash. I think that is better then gold.
Here is a basic key to investing, buy low, and sell high.
Everyone knows this, and yet nobody does it. People keep doing the opposite.
Not this shit again.
[quote]The Mage wrote:
Even if I believed gold was going to boom, I would never put 95% of my money into it. That is just a stupid investing strategy.
If gold is able to hold it’s value, then there is an economy. If there is an economy, then intelligent investment strategies are important, not this crap.
But if the economy is not going to come back, do not expect gold to hold it’s value. It might boom like crazy, then the dollar would go poof, and on that day the value of gold does the same.
If everything goes to hell, nobody will give a damn about gold. Food and water will become the most valuable substance.
You know, kind of the Max Max scenario. This is where you are headed with these predictions are you not?
If not, then your ideas of gold are even more highly flawed.
There are basic fundamentals in investing. You don’t need to go to all these conspiracy theory based ideas for investing. Even with your “astrological economists” you are not psychic.
The most intelligent way to invest is in response to the market, not attempting to predict it.
Right now is the fire sale on stocks, and you are here preaching about buying an overpriced commodity. (And yes it is overpriced.)
Gold bullion lost 17% this month. Should we have listened to you and bought it?
The shares I have in Wal-Mart (small portion of my portfolio) are up ~16% this year, after the crash. I think that is better then gold.
Here is a basic key to investing, buy low, and sell high.
Everyone knows this, and yet nobody does it. People keep doing the opposite.[/quote]
Very well said. The Mage should be charging for his advice 