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camarodan64 (96.33)

MAD MONEY's JIM CRAMER FOOL INDICATOR

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January 30, 2009 – Comments (4) | RELATED TICKERS: AUY , GG , KGC

Jim told his viewers 2 days ago to sell gold,  he stated the rally was overbought and overdone at $900,  the next day gold fell to $880 but it exploded today to $904, it is now $920.30 http://www.kitco.com/as we speak up another $12.0 in Chinese markets..The fact is gold has much further to go up in terms of price.  The NEW Amero will phase out the exhausted US currency in less then 3 years.   Another Fact is known by some and that is "Do the opposite of whats coming out of Cramers mouth",  All the gold mine projects around the world are worth 200 Billion US right now thats twice GOOGLES market cap,  watch the upcoming gold rush,  Gold stocks will be the hottest since early 1980,  they will mimic Dot-com mania,  http://caps.fool.com/Blogs/ViewPost.aspx?bpid=136808&t=01008124766967875841

4 Comments – Post Your Own

#1) On January 30, 2009 at 6:26 AM, TDRH (99.49) wrote:

Cramer is not worth commenting on.  

The New Amero will be necessary.  We need to inflate our way out of the current financial crisis.  When treasuries start to reflect this risk there will be a lemming flight to gold. 

This is what I thought early on, but the deflationary spiral of dollar based commodities has been a puzzle for me.   When I took Econ in college they had like one page in my textbook concerning deflation.   (This was pre-Japan)

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#2) On January 30, 2009 at 2:50 PM, camarodan64 (96.33) wrote:

Deflation has already happened,  copper was at $3.90 a pound it is now $1.40,  Oil was at $147 now its $40, houses that cost $1,000,000 now $350,000,  the list goes on and this is deflation.  It is actually depressing and so it should be called a depression quantitatively or mentally.  In the true nature of things the recent price collapse will establish a base in which global growth can incubate without putting unsustainable pressure on economic resources,  this will lead to global prosperity..

 

Nature vs Money,  Nature always wins in the end. 

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#3) On July 14, 2013 at 11:59 PM, camarodan64 (96.33) wrote:

gold went on to rise to $1900, and the Federal reserve introduced a policy call "quantitative easing" now in phase 3 but looking at being reduced or "tapered" at the end of 2013.

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#4) On July 01, 2014 at 6:18 PM, camarodan64 (96.33) wrote:

we will now see price inflation in copper. $3.20 now

155k  TN  in LME 

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