Beiträge von GOLD_Baron

    Posted On: Tuesday, February 27, 2007, 3:03:00 PM EST


    Today\'s Gold and Equity Market


    Author: Jim Sinclair


    Dear CIGAs,


    Everything happening today is contained in the Formula and is extremely gold positive. When I was asked yesterday in Toronto during the informal question and answer session what would happen to gold when and if the equity market broke I answered, "At first the equity market breaks would bring in temporary sellers of gold. However, quite quickly thereafter and most certainly when the US dollar also gets hit gold will steady and start its move to all the Angels.”


    Please read the Formula which debunks any idea that the slowing of US business and significant drop in tax revenues is bad for gold. As in the 70s this is the beginning of the major move, nothing else.


    If you have no margin position, you have no problem. 8) If you do have a margin position you have not followed my pleas for your safety.


    Those of you who are fully paid and are throwing your gold and gold shares out the window have learned absolutely nothing I have been trying to teach you!


    KEY POINTS TO REVIEW TODAY:


    These are all the same items that occurred in the 70\'s. I have been telling you this every time I publish the Formula.


    Key Points of the FORMULA in action right now:


    1. We have witnessed the Dow rise on economic news indicating deceleration of activity. This continues until major corporations announced poor earnings, making the Dow fall faster than it rose, moving it deeply into the red.


    2. I heard all this "slow business" as negative to gold talk in the 70\'s. It was totally wrong then. It will be exactly the same now


    Those of you who panicked by today\'s action in gold and gold shares are simply doing the WRONG thing. If you had reviewed the Formula published at least 50 times since written you would know that what is taking place in general equities and the general economy is so completely gold positive, yet out you go in a state of total abandon.


    http://www.jsmineset.com


    Hackennasen ;) plattschlagen!


    China wird jetzt genuesslich seine USD_Reserven einsetzen.


    ???

    Eldo, zum Allerletzten Mal für heute: Wir haben glaube noch nicht Ende März!


    Zu heute habe ich nichts mehr zu sagen. Außer vielleicht, dass Dein Bauchgefühl wirklich exzellent war und Deine Handlungen großes Lob ernten sollten.


    Heute war einfach nur sehr heftig. Es war aber eine Korrektur, nicht mehr.


    Die US-Rezession wird eingepreist. Schlechte Wirtschaftsjahre sind gute Börsenjahre. Greenspan wurde vorgeschickt, China brach ein, Europa brach ein, USA brach ein und alle anderen Assets auch - außer Öl. Warum auch immer!?


    Bei Vollmond gehts Reifen aufpumpen und ab zum "Händler" ;)


    Und Eldo: du hattest mir heute viel zu viele wischiwaschi Aussagen gepostet. Aber meine Stimme zählt hier viel weniger...somit, was solls...


    Schönen Abend.

    Home-Price Index Slides, With 'No Sign of Bottom'


    The prices of existing U.S. single-family houses extended their slide in most regions in December, trimming annual price gains, according to an index of major metropolitan areas released on Tuesday.


    The composite month-over-month Standard & Poor's/Case-Shiller Home Price Index of 10 metropolitan areas declined 0.8% to 222.01, unchanged year-over-year, S&P said on its Web site. The composite month-over-month Standard & Poor's/Case-Shiller Home Price Index of 20 metro areas showed a 0.7% drop in December, a 203.07 reading, and a 0.5% year-over-year gain.


    "The slide at this point is a good deal steeper then we saw at the beginning of the decade and we don't see any sign of a bottom," David Blitzer, S&P Index committee chairman, told CNBC. "These are the worst numbers in at least ten years."


    Blitzer also told CNBC that the impact of the subprime mortgage market could further depress home prices: "The damage from the subprime mortgage market probably hasn't shown up in home prices yet," Blitzer said. "That will take a lot of buyers out of the market, and fewer buyers probably means weaker prices and less hope of a turnaround."


    "Annual changes in home prices are either in decline, flat or yielding negative returns across all markets," added Robert J. Shiller, chief economist at MacroMarkets LLC, in a release. "All metro areas are showing smaller annual returns than those reported for November."


    The newly published U.S. National Index, which has historically portrayed less volatile increases and declines, joins the other two composites in the steep decline that began in 2005, falling 0.7% over the quarter and ending the year at just 0.4% annual growth, Shiller added.


    The S&P/Case-Shiller U.S. National Home Price Index tracks the value of single-family homes across the country.


    Standard & Poor's last week announced an expansion of its S&P/Case-Shiller U.S. Home Price Indexes to add a quarterly gauge of national home prices.


    U.S. home prices rose 0.4% in the fourth quarter of 2006 compared with the same quarter a year earlier, according to Standard & Poor's/Case-Shiller National Index.


    U.S. home prices were down 0.7% in the fourth quarter from the previous quarter, according to Standard & Poor's/Case-Shiller National Index.

    Freddie Mac Toughens Standards For Buying Subprime Mortgages


    Freddie Mac, one of the nation's biggest buyers of subprime mortgages, is announcing dramatically tougher standards for purchasing these loans in the secondary market, according to CNBC's Steve Liesman.


    The standards appear to go beyond existing guidance from federal bank regulators, Liesman said.


    Under the new standards, Freddie Mac will only buy subprime mortgages where the borrower has been qualified at the higher interest rates to which these loans eventually adjust.


    In other words: if the initial rate is 5%, but the loan eventually adjusts to 10%, borrowers must now show the ability to pay the loan at the higher 10% rate for Freddie Mac to buy the loan.


    In an exclusive appearance on CNBC, Richard Syron, Chairman and CEO of Freddie Mac, said he was taking the action now because borrowers have been squeezed by higher interest rates and falling housing prices.


    "At a time when housing prices were going up 5% a year, and it went up 10% in two years, if someone paid 5% to get a mortgage, they were still ahead," said Syron. "But in the last few months, housing prices have softened."


    Iin addition, Freddie Mac will limit the use of low-documentation loans where borrowers cannot verify their income.


    The new standards won't take effect until Sept. 1, 2007 because Freddie Mac wanted a transition period.


    "We don't want people that have things in the pipeline now or may be in a position that they have to refinance in the very short run to be squeezed out of the market," said Syron.


    Freddie Mac has financed about 50 million homes. Syron says the company is developing new, more consumer-friendly subprime products.

    Zitat

    Da drehen jetzt beim Zentralkommitee alle durch. Jetzt haben Millionen Chinesen schön ihre Aktien gekauft und der Laden bricht zusammen.


    Kann es sein, dass das ein politischer Schlag der Vereinigten Staaten gegen China war? 8o 8o 8o

    Zitat

    Original von Saccard
    Die echten Goldbugs können sowieso nicht verkaufen, so schnell kommt man mit dem physischen gar nicht zum Schalter.


    Aber nochmal zum US$. Immobilienpreise Deutschland 2005 im Schnitt 173700. In den USA jetzt im Schnitt 210000 US$, macht ca. 159000 Euro. Also immer noch weit billiger als in Deutschland, trotz jahrelanger Blase und trotz jahrelangem kleinen Preisverfall hier.


    Gruß
    S.


    Diesen Vergleich kann ich beim allerbesten Willen nicht nachvollziehen!


    WO eine Immobilie steht ist doch auch entscheidend oder?


    Ich werde die nächsten Wochen meine Meinung an dieser Stelle nicht mehr kund tun. Der Grund ist nicht Deine Kritik, sondern die Tatsache, dass sich heute alle bei - 12 Indexpunkten beim POG die Hosen vollscheissen, als wäre es der Weltuntergang. Das ist absurd und lächerlich. Da sind ganz normale Schwankungen und wer im März in Cash ist (das habe ich geschrieben!) tut mir Leid! Eine Meinung abgeben darf man hier - wenn man nicht ins Gesamtbild passt - anscheinend nur noch begrenzt.

    Zitat

    Original von mesodor39
    Der heutige Kurseinbruch beim Gold ist in causalem Zusammenhang zu sehen mit dem Börsencrash in China:


    Gold wird verkauft, um noch stärker gefallene kreditfinanzierte Aktien nicht verkaufen zu müssen.


    Alles klar?


    Wieso sind -2,5% ein Kurseinbruch?


    Kommt mal wieder klar... :rolleyes: :rolleyes: :rolleyes:


    Mittel- und langfristig ist das absolut und relativ unwichtig²

    Housing Slump May Force Fed to Pare Annual U.S. Growth Estimate


    26/02/2007
    The U.S. may be saddled with more sluggish growth than the Federal Reserve expects as the economy struggles to shake off a lingering hangover from the housing bubble.


    ``We're in the midst of a classic boom-bust credit cycle in housing,'' says Andy Laperriere, managing director at International Strategy & Investment Group in Washington. ``And the bust is just beginning.''


    The worst case: Distress already evident in the riskiest part of the mortgage-lending industry turns into a full-scale credit crunch that cripples the housing market and the economy.


    More likely, say forecasters at ISI, UBS AG and Deutsche Bank AG, is an economy stuck at about a 2 percent growth rate in coming quarters, down from 3.4 percent in 2006, as housing demand remains in the doldrums.


    Read
    Bloomberg

    Out of Control


    25/02/2007


    The Fed is only in control (using the word loosely as we shall see in a moment) of base money supply, reserve requirements, and short term interest rates. Even then the fed can not target money supply and interest rates at the same time. The Fed can target reserve requirements and either money supply or interest rates (but not both). Yet the myth persists that "the Fed is Pumping M3", that Fed has the power to "drop money out of helicopters" and as one person actually proposed "add zeros to everyone's account" to prevent deflation.


    In practice, the Fed would not add money to people's accounts or drop money out of helicopters even IF the Fed could do it. The Fed would not do such things because it would destroy banks and creditors (their own cartel) to bail out consumers. Thus his infamous speech Deflation: Making Sure "It" Doesn't Happen Here can best be described as "Bernanke's Bluff". If deflation was so easy to prevent in practice, Japan would not have endured it for decades.


    Read
    Mish


    Bald eine Horror-Deflation?



    Das Geld ist nicht weg, es wechselt nur den Besitzer! ;)

    Zitat

    Original von Milly
    Sieht mir im Moment eher so aus, als ob der steigende Yen die Liqui absaugt - die Carrytrader müssen anderweitige Positionen verkaufen, weil sie Kohle brauchen; deshalb fiel heut' früh alles gemeinsam, sogar das Gold gemeinsam mit dem Dollar 8)
    Gleich beim Aufstehen hatte ich -5% in der sonst eher trägen Goldfields, obwohl der Goldpreis da noch intakt war.


    Irgendwas stimmt da nicht, kann sich aber auch schnell ins Gegenteil verkehren.


    Wichtiger Tag heute, muß nebenbei auch noch einen Brotjob-Artikel schreiben, kann mich auf gar nix konzentrieren :rolleyes:


    Irgendwas stimmt da nicht, kann sich aber auch schnell ins Gegenteil verkehren.


    Genau das wird sehr sehr bald passieren. Die Psychologie wird Gold im März Richtung 800 $ gehen lassen.  8)

    Zitat

    Original von klvlichtenfels
    Nicht nur die Stimme.
    Hundeeigentümern sagt man nach,dass sie sich im Aussehen ihren Schößlingen angleichen.Ähnliches sagt man auch über prägende Wesenszüge,die sich bildhaft in Mimik und Gestik niederschlagen.Nun die Preisfrage: Welches Tier kann man denn bei S. überdeutlich erkennen? :D


    Der Teufel ist kein Tier, oder? :D 8)