Archive for January, 2013

Apakah Suatu Ledakan Harga Emas Akan Segera Terjadi?

January 21st, 2013 No comments

They say this is not massive money printing, but first they are wrong; and second, monetary authorities in the United States did not see the crash coming and the unsoundness of the financial system. In fact, right up until the crash they were saying that nothing like what happened could ever happen.  So money printing and zero-percent interest rates, which have distorted the economic recovery and the landscape in the United States and Europe, have become a substitute for sound, pro-growth, fiscal regulatory tax policy.  As a result, they say they are not concerned about inflation.  This monetary policy, $3 trillion of bond buying in the United States, $3 trillion in Europe and another $2.5 trillion to $3 trillion in Japan, is unprecedented. It is not the case that they know the ultimate inflationary potential when this low-velocity money gets back into the system and acquires some velocity. If and when people lose confidence in paper money because of repeated bouts of quantitative easing and zero-percent interest rates – it could happen suddenly and in a ferocious manner in the commodity markets, in gold, possibly in real estate – interest rates could go up at the long end by hundreds of basis points in a very short time.”

-Paul Elliott Singer, founder and CEO of hedge fund Elliott Management Corporation

Seperti telah dijanjikan, kali ini kita akan melihat beberapa grafik yang memperlihatkan target harga emas yang mungkin dicapai.  Namun sebelum itu, saya menginginkan perhatian Anda untuk laporan yang sangat mendalam yang berjudul What’s the “Big Money” Doing?, yang dipublikasi pada 4 Januari 2013.

Berikut adalah sebuah kutipan dari Dow Theory Letters-nya Richard Russell.  Jika Anda tertarik memperoleh seluruh tulisan-tulisannya dalam basis harian, silahkan klik link pada akhir laporan ini, yang sungguh HARUS DIBACA.

“If you don’t know history, then you don’t know anything. You are a leaf that doesn’t know that it is a part of a tree.” Michael Crichton

Question — Central banks the world over are spewing out their respective currencies over the world. If this continues, won’t there be an eventual panic out of fiat currencies?

Answer — The answer is yes, but before that, interest rates will be rising, and that will halt the machinations of the various central banks. Political pressure will force the central banks to curb their currency creation.

But I want to talk about something else. The action of the big money, the sophisticated money, tends to lead the markets. In view of that, let’s ask ourselves what the “big money” is doing now. We hear that classic art pieces like the Klimpt painting and Munch’s “The Scream” are going for well over $100 million. We hear of wealthy individuals buying wildly-priced apartments in New York and London and Hong Kong. All of this adds up to the “big money” placing their paper money in rare one-of-a-kind tangible items. These are items that will be