Gold will go $1,500/ounce this year

[Nancy007]

Yeah, I got crap for essentially saying the same thing about a month ago in another thread...Not because I said it, but I guess because I'm stupid for believing it? Or at least that's how I was addressed.

Good to hear they have proof now. It was pretty obvious to stupid ol' me.

[oldhaole]

Goldman Sachs knew Gulf oil leak in advance.

Yea right. Can you say bullshit? And Nancy, I was the one that gave you that crap. :thumbsup:

I will tell you this. Anybody with half a brain was shorting BP the second they saw that platform on fire.

IB is actualy right (first time in recent history) about holding 10% physical gold. You never know when you must bribe the border guards. Everything past that point was your usual tripe. People that brag about how much money they have, seldom have any.

Steve like usual is the smartest of the bunch. Fuel prices are crushing everyone. But oil is a fungible commidity. The days of cheap energy are over.
Thats just a fact. Short of the govt siezing BP and selling America fuel at cost it ain't going to happen.

Clean energy is the wave of the future. Follow the money. The govt and the private sector are spending huge amounts of money on lowering electricity production costs. They will find that silver bullet. Then the game will change.
Money will be made.

The past 20 years have been off the backs of the baby boom. Allowing our manufacturing base to offshore was stupid. Removing govt checks on banks was suicidal. It took a long time to drive us into this ditch. When we emerge,and we will emerge, from this mess, the landscape will have changed.

Now to gold. Simple. Price of gold had disconnected from traditional pegs. Gold price is motivated by fear. If we fall into a double dip, and I think we will, gold would continue to rise. Would I buy here? No. Limited upside. Sell?
Not yet.

[Nancy007]

Yea right. Can you say bullshit? And Nancy, I was the one that gave you that crap. :thumbsup:

I knew it was you. Just didn't think you were worthy of any credit.:thumbsup:

Now there's some proof. Call me retarded, or whatever makes it all feel justified.

[oldhaole]

I knew it was you. Just didn't think you were worthy of any credit.:thumbsup:

Now there's some proof. Call me retarded, or whatever makes it all feel justified.

If I called you retarded I am deeply sorry. My bad.

[Nancy007]

No, you didn't. I just figured that was next.

[kathaksung]

Halliburton knew it too.

Disaster capitalists: Halliburton to make money off oil spill
By Daniel Tencer
Friday, June 18th, 2010 -- 3:10 pm

Does a company that both builds oil rigs and cleans up oil spills have any motivation to prevent oil rig disasters?
That's the question some people in business and politics are asking themselves after Halliburton's purchase of an oil clean-up company 10 days before the Deepwater Horizon explosion that killed 11 workers and launched the worst oil spill in US history.
Some observers see a conspiracy in the actions of the company once headed by Dick Cheney. Halliburton, which built the cement casing for the Deepwater Horizon's drill, announced its purchase of Houston-based oilfield services company Boots and Coots for $240 million on April 9, just 11 days before the Deepwater Horizon explosion.

Disaster capitalists: Halliburton to make money off oil spill | Raw Story

Halliburton bought Boots & Coots one week before oil spill. (Apr. 20)

1.

Halliburton Snaps Up Boots & Coots - DailyFinance
Apr 12, 2010

Halliburton Snaps Up Boots & Coots - DailyFinance

[t3rmites]

I knew it was you. Just didn't think you were worthy of any credit.:thumbsup:

Now there's some proof. Call me retarded, or whatever makes it all feel justified.

It's Huffington Post, that's hardly "proof"...

[kathaksung]

It's Huffington Post, that's hardly "proof"...

Who is easily "proof"? "New York Times? President Bush?" You want us to believe WMD in Iraq by media?

Goldman Sachs sold $250 million of BP stock before spill
By John Byrne
Wednesday, June 2nd, 2010

- Firm's stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investment
The brokerage firm that's faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something else: the stock of British oil giant BP.
According to regulatory filings, RawStory.com has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010. Goldman's sales were the largest of any firm during that time. Goldman would have pocketed slightly more than $266 million if their holdings were sold at the average price of BP's stock during the quarter.

If Goldman had sold these shares today, their investment would have lost 36 percent its value, or $96 million. The share sales represented 44 percent of Goldman's holdings -- meaning that Goldman's remaining holdings have still lost tens of millions in value.

- Goldman Sachs sold $250 million of BP stock before spill | Raw Story

[kathaksung]

It was sabotage

Somebody knew in advance. It was meant to happen. Thatâ??s why Goldman Sachs, Halliburton and BPâ??s Chief, all could make money on it.

'And The Sea Shall Turn To Blood'...
By David Icke
The David Icke Newsletter
6-27-10

Mother Jones magazine reported:

'Tony Buzbee, a lawyer representing 15 rig workers and dozens of shrimpers, seafood restaurants, and dock workers, says he has obtained a three-page signed statement from a crew member on the boat that rescued the burning rig's workers.

The sailor, who Buzbee refuses to name for fear of costing him his job, was on the ship's bridge when Deepwater Horizon installation manager Jimmy Harrell, a top employee of rig owner Transocean, was speaking with someone in Houston via satellite phone.

Buzbee told Mother Jones that, according to this witness account, Harrell was screaming, "Are you fucking happy? Are you fucking happy? The rig's on fire! I told you this was gonna happen.'

Yes, and nothing was done because it was meant to happen.

'And The Sea Shall Turn To Blood'...

[kathaksung]

The purpose is to push Great Britain to support US in coming war on Iran.

BP originates from Iran. It was â??The National Iranian Oil Companyâ?� in 1953, and was ousted from Iran in 1979. When US wants to start a war in Iran, they need again the ally of the Great Britain like what they had when Bush started Iraq invasion. But the puddle Tony Blair is not at the seat. To extort Britain to join the coming Iran war, the Gulf oil spill was created to shake the foundation of the BP. To save BP from the financial trouble â?? joining the Iran war.

Quote, â??

Iran Accountable for BP Oil Spill
Posted on 03. Aug, 2010 by Raja Mujtaba in Enviornment
By Mehreen Saee

In order to pay for the damages it caused to U.S. businesses and to itself, BP will likely resort to its historic strategy of how it became an oil giant in the first place. And the U.S. will once again help the corporation as we did in 1953 when a covert CIA plot overthrew Iranâ??s democratically elected Prime Minister Mohammed Mossadegh and instated an authoritarian regime in order to acquire that countryâ??s oil.
The coup proved to be a successful covert experiment for the U.S. when The National Iranian Oil Company was transformed into British Petroleum in 1954â?¦..

In 1979, Iranâ??s Islamic Revolution ousted BP from the country and attained back its resources; but for the past few years U.S. officials have again been looking toward Iran, which still has the worldâ??s third largest oil reserves.

Iran Accountable for BP Oil Spill | Opinion Maker