Iko Ward: OK, it’s after 5PM EST. Lots and lots and lots and lots and lots and lots of rumors about this evening. Rumors. But how did the S&P rally? Why didn’t Brent Crude move while WTI rose almost $2. Why has gold not moved?
GJHHonor : 1060.07 5.08 pm est gold
Iko Ward : Gold just may be the shot heard round the world.
drive shaft : IKO what do you think gold will drop to ??
Iko Ward : 450
Iko Ward: And gold just flatlined at 1060. And I do mean flat lined.
Ole sailor: Iko if gold is going down further why do you think it is FLATLINED?
Iko ward: ole…because it’s going to drop like a ton of bricks when we RV in asset backed currency.
olesailor : Obviously the gold just like the rest is manipulated so what is the game. Just hammer down and drop it!
Iko Ward : ole…yes. Intel I’m getting is straight out of the Twilight Zone
Gracella: Iko, do you still expect Gold to continue to dive lower before the RV hits?
Iko Ward: grace…yesterday I would have said yes. Today I am secure in the knowledge that we will be fine once this is over. It’s like watching Michael Jordan change direction in mid-air. How did he do that? No matter, we still won the game
Steadfast: Iko, did you say the price of gold is going to drop like a ton of bricks, after the RV?
Iko Ward: Steadfast…no, at the same time.
Iko Ward: Bbl guys, getting intel left and right.
Elmerf123456: Gold will drop only during a 6-12 month adjusting period and climb back up. Keep in mind some say due to the fiat system currently we operate in things are typically inflated value.
Understand pricing index in a system we’ve operated in since the early system, makes what we know as generational and a hard concept to grasp.
Fiat drives prices up to unrealistic values. Asset backed beings more realistic values into sight and adds more buying power to the dollar.
If the RV comes out initially as fiat still/ not a time to buy major purchase but a good time to pay off major debt IMO and wait for the dust to settle b4 major purchases do to hyperinflation period.
Things look like they may be coming out as asset backed at the moment. Time will tell
elmerf123456 : If the RV comes out initially as fiat still/ not a time to buy major purchase but a good time to pay off major debt IMO and wait for the dust to settle b4 major purchases do to hyperinflation period.
elmerf123456 : Fiat drives prices up to unrealistic values. Asset backed beings more realistic values into sight and adds more buying power to the dollar.
Doc : Elmer – do things look like they are progressing for tomorrow as some have speculated?
elmerf123456 : Doc. Sorry had a phone call. I think we are there and things are piping hot.
elmerf123456 : Right now it looks like it might be asset back I don’t care either way as long as it gets done a lot of interesting party lines going on in the federal government and with the market let’s see what plays out
elmerf123456 : We are seeing things that are very similar like 2008. There are many issues regarding the market with derivatives selloffs junk-bond you name it anything can happen and it should be very interesting this particular week especially with the Fed involvement
elmerf123456 :Things are coming from all angles this week in particular I’m excited to see how plays out
[elmerf123456 ;The only thing everybody needs his patience there is anything we can do to control this all we can do is filter through the information and most of it’s in Plainview if you know what to look for we are in very unusual circumstances and that looms large for all of us that hold currency
Cody611: I still want to know where the IRAN REAL is at and will it go with the DINAR?
elmerf123456 :The Rial is still a mystery however with the latest article coming out to expedite sanctions being lifted it moved up a notch or two
Elmerf123456 : If anyone follows china you should well know by now what their intentions are and that is certainly gold backed. Some said China would never get the inclusion to be a reserve currency where those people now that said that ? Kitty cat gets what kitty cat r Kitty cat gets what kitty cat wanted. And China does not punch fake anyone
Doc: Elmer, I don’t think that “they” could reinstate the Rial before the rate of the Dinar is adjusted. I doubt that would sit well in Iraq. Thoughts?
Elmerf123456: Doc. Lots of?’s but it won’t be held back lawn because you cannot suppress them with their currency on an international scale after lifting sanctions
GodBlessTony: elmer..do you think there’s anything to these “prosperity packages” and “historical bonds” talked about in Dinar land?
Elmerf123456: God Bless Tony. I know someone who’s been working with that for 25 years but it’s not my expertise they certainly believe in it so like everything else we shall see soon enough
Elmerf123456: One last thing with Iran sanctions being fully lifted soon that only bodes well for Iraq you can hold them down and let Iran do what they want to do being neighboring countries they have too much trade amongst themselves that will not work