Comments on: DEEP THOUGHTS FROM RICHARD RUSSELL http://pragcap.com/deep-thoughts-from-richard-russell Fri, 25 May 2012 01:59:53 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: haljett http://pragcap.com/deep-thoughts-from-richard-russell/comment-page-1#comment-1319 haljett Thu, 14 May 2009 18:25:27 +0000 http://pragcap.com/?p=3970#comment-1319 I wonder too, if the price of gold hasn't been kept down because hedge fund managers found it necessary to sell some of their gold in order to pay back all those cashing out of their funds. Something I've been thinking about lately anyway.<br><br>China of course continues to have a psychological affect upon the market too, I think. Building up their reserves through their mines and now looking to buy gold from the IMF. That is holding the price fairly steady I think. You know they are banking on a dollar failing at this point. And I don't know if that's because they want it to fail, though I used to be sure they didn't, or because they just know it's inevitable with all the money we are printing out of thin air.<br><br>Looking at <a href="http://www.learcapital.com/exactprice" rel="nofollow">ExactPrice</a> right now I see gold managed to get up to $929 this morning. Fact that it remains at these levels tells me that a fair number of people are hedging some of their bets there. I wonder too, if the price of gold hasn't been kept down because hedge fund managers found it necessary to sell some of their gold in order to pay back all those cashing out of their funds. Something I've been thinking about lately anyway.

China of course continues to have a psychological affect upon the market too, I think. Building up their reserves through their mines and now looking to buy gold from the IMF. That is holding the price fairly steady I think. You know they are banking on a dollar failing at this point. And I don't know if that's because they want it to fail, though I used to be sure they didn't, or because they just know it's inevitable with all the money we are printing out of thin air.

Looking at ExactPrice right now I see gold managed to get up to $929 this morning. Fact that it remains at these levels tells me that a fair number of people are hedging some of their bets there.

]]> By: vfsv http://pragcap.com/deep-thoughts-from-richard-russell/comment-page-1#comment-1315 vfsv Thu, 14 May 2009 15:01:03 +0000 http://pragcap.com/?p=3970#comment-1315 I notice he ended with "from the recovering – R man."<br>---Has Russell been ill? I notice he ended with “from the recovering – R man.”
—Has Russell been ill?

]]> By: TPC http://pragcap.com/deep-thoughts-from-richard-russell/comment-page-1#comment-1310 TPC Thu, 14 May 2009 13:52:02 +0000 http://pragcap.com/?p=3970#comment-1310 China has already expressed concerns. They're trying to diversify out of dollars, but the U.S. is such an enormous part of their export driven economy that they can't control the flow of dollars into China. <br><br>I imagine over the year that China will continue to diversify out of dollars, but for now we kind of have them by the short and curlies..... China has already expressed concerns. They're trying to diversify out of dollars, but the U.S. is such an enormous part of their export driven economy that they can't control the flow of dollars into China.

I imagine over the year that China will continue to diversify out of dollars, but for now we kind of have them by the short and curlies…..

]]> By: ejack http://pragcap.com/deep-thoughts-from-richard-russell/comment-page-1#comment-1306 ejack Thu, 14 May 2009 12:09:19 +0000 http://pragcap.com/?p=3970#comment-1306 As you mentioned yesterday, China is inevitably linked to the US due to it's huge investment in treasuries. At some point, won't China get so worried that its investments are threatened by a devaluing dollar, that it may jump the gun and start liquidating their treasuries? Won't this make it harder for Bernanke to inflate our way out of this debt situation? As you mentioned yesterday, China is inevitably linked to the US due to it's huge investment in treasuries. At some point, won't China get so worried that its investments are threatened by a devaluing dollar, that it may jump the gun and start liquidating their treasuries? Won't this make it harder for Bernanke to inflate our way out of this debt situation?

]]>