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Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000
Tice says precious metals to soar as a result of Fed’s ceaseless devaluation of dollar
Paul Joseph Watson
Prison Planet
Wednesday, October 1, 2008
Billion dollar fund manager David Tice says that the Federal Reserve’s ceaseless printing of dollars could cause gold to surge past $2,000 an ounce, while the Dow could fall below 5,000.
Tice, who manages the $1.1 billion Prudent Bear Mutual Funds from the Virgin Islands, told Bloomberg TV anchor Carol Massar yesterday that the time scale of his forecast will be determined by how quickly foreigners lose confidence in the dollar.
“Bernanke has essentially been known as, you know, possessing the printing press, etc. and, you know, it depends a lot on foreigners as far as how quickly they lose confidence in the dollar and what happens throughout the world as well,” Tice said.
(ARTICLE CONTINUES BELOW)
“Our currency’s going to be diminished even though gold has been very, very volatile – down $250 just over a few months,” he added. “I think it’s going to head to $2,000 eventually and it will protect you. And I do think less equity investments make sense,” said Tice, advising that owning precious metals was a way of reducing equity exposure.
Warning that the pain was far from over, Tice said, “We think that we’re going to have to pay for the excesses of really the last five to 10 years of this excessive credit growth with a dramatic slowdown in the economy, dramatically lower markets. We’re still above 10,000. We think we’re going to, you know, fall below 5- or- 6,000 on the Dow and we think we’re going to have to readjust the U.S. economy towards less consumption – where we pay for goods with goods.”
Despite a recent SEC ban on the short selling of nearly 800 financial stocks, Tice advised that traders should still short the market, arguing that it’s a legitimate trading practice.
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39 Responses to “Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000”
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October 1st, 2008 at 4:05 am
Whats the chances they will steal the gold from everyone again?
October 1st, 2008 at 4:16 am
Whats the chances they will steal the gold from the people again?
October 1st, 2008 at 4:36 am
harrr…. they gots to find it first….. ‘x’ marks the spot… and dead men tell no tales…
October 1st, 2008 at 4:41 am
Bullets, Beans, Bullion.
The American Way.
October 1st, 2008 at 5:26 am
Amazing we still have not learned the lessons of the criminal government we have!
http://mobiusinformer.wordpres.....nderstand/
October 1st, 2008 at 5:30 am
Best to sell your gold now before your government takes it away from you and sells it off to the European money makers again.
October 1st, 2008 at 6:10 am
new video
http://ca.youtube.com/watch?v=3rrWRNJ2lOs
October 1st, 2008 at 6:23 am
“Whats the chances they will steal the gold from everyone again?”
I just love non-chalant wise guys…you ever heard of the NAZI’s and all teh gold they found lying around….what do you think the chances are? Don’t be a dumb wiseguy…figure it out. You got money on the chances?
October 1st, 2008 at 6:38 am
The word GOLD pops up because the FED controls the supply! They want YOU to dump your money into GOLD instead of say, exchanging your currency for foreign currencies. They are conditioning you like a drooling dog. They have dollars in one hand, gold in the other. Why not Coffee? Why not Grain? Why not other currencies? Because they are using manufactured FEAR to play you like a sucker and move you to the commodity that pays them. Stop being played and think of places to park your cash that tear their power structure down.
October 1st, 2008 at 7:40 am
They want a fascist planet with the superwealthy ruling it all
Since we’re too independent, America must be led to fall
When our credit’s been exhausted to subdue the Middle East,
They’ll install our debtor nation in the body of The Beast
Traitor…Dare call it treason
http://www.youtube.com/watch?v=uw5dP5gy2Vs
October 1st, 2008 at 7:54 am
http://www.youtube.com/watch?v=uw5dP5gy2Vs
“They want a fascist planet with the superwealthy ruling it all
Since we’re too independent, America must be led to fall
When our credit’s been exhausted to subdue the Middle East,
They’ll install our debtor nation in the body of The Beast
Traitor…Dare call it treason”
–Cornbread Mafia
October 1st, 2008 at 8:01 am
Hey charlie… not being a dumb wiseguy… so keep your hollow comments to yourself thank you.
So what will people use to barter with when we are under an electronic cashless control grid… use your brain…
I think we need to move this revolution to the streets, once our families are on road kicking up a fuss, others will join then we can re-establish temporary democracy whilst we build a new moneyless society, where people simply barter with their time/skill, finally giving mankind the freedom to find his own destiny. its simple, its logical, its right… but who has the balls to take freedom for their self these days?? all i see is weak shadows of men, afraid of the boogeyman… pathetic really…
October 1st, 2008 at 8:04 am
Dow Jones Final Closing Reading
1. Well indeed the “Truth should set us free” and here it is, at the close of business yesterday and just in time for the Jewish New Year the Dow Jones closed with a final reading of 777.7 point reading (See here. http://www.guardian.co.uk/busi…..etturmoil1
) Let me enlighten those who don’t understand the meaning of 7777. The Jewish New Year is 5769 and the Christian calendar is 2008 now add both dates together and you have the magic number 7777. Our governments even wanted to put us in debt for this amount only it would have been 7777 billions dollars. Will Alex Jones be giving any light to this fact, or will he allow silence to protect the very true story.
October 1st, 2008 at 8:16 am
To “does it matter”
I have the balls… and if you are with me… and anyone else for that matter… Write me at Usbmp06@yahoo.com
I don’t care what it takes… even if it is my life… I will not allow MY country to go down like this…
October 1st, 2008 at 8:17 am
You know what, Turton? That is a very keen observation, my friend. I noticed the oddity of the DOW losing 777.7 points, as well. I am usually able to spend more time analyzing those things in a more thorough manner, but I’ve been preoccupied with some other matters. I’m certainly glad that you mentioned that. Very keen observation.
October 1st, 2008 at 8:26 am
so why is there no link to the actual story or video? I can’t count how many of these stories by watson don’t pan out to anything.
October 1st, 2008 at 8:27 am
dipshittery.
October 1st, 2008 at 8:27 am
this is a bunch of smurfing bull smurf.
October 1st, 2008 at 8:28 am
Andrew Jackson
“You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”
http://www.youtube.com/watch?v=ErFOsoKzpD0
October 1st, 2008 at 8:34 am
What I expect is that the Paulson/Party leader bastard legislation will pass the Congress and be signed into law. There will be enough arm twisting and blackmail of those holding out to get them to change their vote.
Barring that, our dictator in chief will simply declare an economic emergency and force the bailout by executive fiat. The Consititution is dead. The US as a world leader cannot be far behind. The system is going down either way.
A financial system, fractional reserve banking and fiat currency predicated on perpetual growth is doomed in a era of net energy depletion.
October 1st, 2008 at 9:06 am
Yeah. We do have a grave situation on our hands and I am one who has seen enough to believe that it has been well engineered. If things get bad and I mean really bad, we’re going to have to depend upon one another to get through this. I am certain that everybody who frequents this site is already well aware of that. Start making contingency plans. Food, water, arms (pray for the best, but prepare for the worst), all of that stuff. If you don’t have much, think about how you will be able to contribute. If things get bad, there will be people who will have excess material things but they won’t have a clue. They’ll need those with a good head on their shoulders to show them the ropes. If you don’t have many material things, you’ll still be an asset. I have some advice for anyone who is in the process of, or may be in the position of, losing your home to this mess. Possession is 9/10’s of the law. Force them to remove you. If enough people do just that, they will either be forced to abandon their attempts to possess your house, or they will spread themselves so thin in the process that we will be able to better organize and establish something decent for the masses. I love this country. I love most of the people in this country. I don not have a great love for this government and I certainly have not much love for financiers…especially the international type. We have to return to a gold and silver based currency and we have to start manufacturing and exporting, again. If things get bad, I would recommend that everyone who can plant feral hemp wherever they can. It has over 40,000 known uses and it will be an important aspect in establishing a new economy. Good luck, everyone. United we stand.
October 1st, 2008 at 9:07 am
Yeah. We do have a grave situation on our hands and I am one who has seen enough to believe that it has been well engineered. If things get bad and I mean really bad, we’re going to have to depend upon one another to get through this. I am certain that everybody who frequents this site is already well aware of that. Start making contingency plans. Food, water, arms (pray for the best, but prepare for the worst), all of that stuff. If you don’t have much, think about how you will be able to contribute. If things get bad, there will be people who will have excess material things but they won’t have a clue. They’ll need those with a good head on their shoulders to show them the ropes. If you don’t have many material things, you’ll still be an asset. I have some advice for anyone who is in the process of, or may be in the position of, losing your home to this mess. Possession is 9/10’s of the law. Force them to remove you. If enough people do just that, they will either be forced to abandon their attempts to possess your house, or they will spread themselves so thin in the process that we will be able to better organize and establish something decent for the masses. I love this country. I love most of the people in this country. I do not have a great love for this government and I certainly have not much love for financiers…especially the international type. Although most recorded history is bullshit, including our own, the people, themselves, are pretty decent. We have to return to a gold and silver based currency and we have to start manufacturing and exporting, again. If things get bad, I would recommend that everyone who can plant feral hemp wherever they can. It has over 40,000 known uses and it will be an important aspect in establishing a new economy. Good luck, everyone. United we stand.
October 1st, 2008 at 9:29 am
1pm go to http://www.larouchepac.com and listen to the live international webcast in regards to the state of the world financial system, and the proposed steps to take, and even check out the Home Owners & Bank Protection Act to lobby to your elected officials!
October 1st, 2008 at 9:45 am
http://www.youtube.com/watch?v=uw5dP5gy2Vs
“They want a fascist planet with the superwealthy ruling it all
Since we’re too independent, America must be led to fall
When our credit’s been exhausted to subdue the Middle East,
They’ll install our debtor nation in the body of The Beast
Traitor…Dare call it treason”
–Cornbread Mafia
October 1st, 2008 at 11:20 am
HAHAHAH> there was all this chat on the radio months ago.. Repeating that Gold wont go up again Gold wont go up again Gold wont go up again Gold wont go up again. Its stable..
The idea that gold would not go up or keep going up was expressed strongly on more than one radio session and more than on one day.
The only thing I could think of was dam lier what a lier.
For a start …I am sure I read that NASA use gold and so too do other space project organisations.
Knowing this I do not think for a second and never did think for a second that gold would not keep going up.. The only problem is that I had and have no money to buy it.. LOL
October 1st, 2008 at 11:25 am
cashforgold.com is a genius idea. i thought it was dumb with all the tv commercials…but their were some smart people heading that up.
October 1st, 2008 at 12:52 pm
McCain urges Bush to bypass Congress
http://www.presstv.ir/detail.a.....id=3510203
October 1st, 2008 at 1:12 pm
@26 Cash for Gold offers those in financial trouble the ability to sell Gold for money. Is that not the same thing done during the depression, only this time you get to choose to sell it instead of being forced to sell it. Gold is skyrocketing and my advice is to hang on to it.
“What good fortune for governments that the people do not think.” Adolf Hitler
October 1st, 2008 at 1:36 pm
http://www.youtube.com/watch?v=uw5dP5gy2Vs
“They want a fascist planet with the superwealthy ruling it all
Since we’re too independent, America must be led to fall
When our credit’s been exhausted to subdue the Middle East,
They’ll install our debtor nation in the body of The Beast
Traitor…Dare call it treason”
–Cornbread Mafia
October 1st, 2008 at 1:39 pm
I generally don’t care about such things but I found it very interesting that the federal reserve has a 400 million dollar private art collection, 47 private jets, six figure salaries and fleets of bullet proof limosines.
October 1st, 2008 at 6:10 pm
I’ve predicted the Dow to hit the lower 7000 mark to bottom out. 5000 is really scary !!!!!!!!!
http://www.youtube.com/watch?v=uCF0FBdcicE
October 1st, 2008 at 6:47 pm
Imagine this was your business:
You could print money and then lend it at interest to the people, businesses and government of the most affluent nation on Earth.
The Federal Reserve is a criminal operation.
It is time to put them out of business:
http://www.youtube.com/watch?v=73×8uOXQjag
October 1st, 2008 at 7:06 pm
Why did gold fall at all?
What else is good to buy?
Gun prices always go up, but they don’t sell as fast or as reliable as gold.
We need more self sustained microfarms they need nothing from the outside and produce more food than you can give away.
One person teaches another, let it spread like terrorist cells some open to the puplic some hidden like criminals. Then into the citys as gurrila gardens. Small towns back and front yards. The colonias and appilacha.
Food water elecricity, moonshine powered cars. Do it like illegal aliens a problem thr NWO cannot and will not fix
Attack where they must defend, attack where they cannot defend, attack where they will not defend. An agricultural revelotion, the food industry will no longer be an industry. All organic no poison.
It is the first step, but if we settle for food and water we become cattle. There is more to the plan but on site production is the start
October 1st, 2008 at 8:16 pm
They are right about the advertisements moving (that’s one way to mess with a persons focus, it’s not cool) and what ever happened to David Ray Griffins interview on 9/24 ????? I am a member of Prison Planet, I am an activist and I give out videos and talk to whoever will listen. I support Alex’s quest for truth, however in good conscious I cannot recommend to people to come to a website with moving billboards that mess with your mind. Sorry Alex, the adds can stay, but the movement has got to stop!!!
October 3rd, 2008 at 1:58 pm
I’ve been studying markets for over 20 years and the price of gold fell because of the 8 year cycle due to bottom at least as far as gold stocks are concerned late this year NOV +/-. Fundamentally, we have the dollar rising against the euro and that is bearish for gold short term within a longer term bull due to top out the first half of 2010. $2000 is feasible with $1450 a slam dunk me thinks. I like silver over gold and $50 the oz by 2010 looks feasible.
October 3rd, 2008 at 4:39 pm
@rainmaker,
Maybe it should be some news to you that you should have also studied HOW THE MARKETS ARE ARTIFICIALLY MANIPULATED – to include Bear-Stearns’ manipulation of the Gold market. A few “peaks and valleys” don’t equate to a trend!
Gold and Silver have served mankind for over 6,000 years as the most stable trading media. 95 years of Federal Reserve chicanery isn’t going to disprove that one bit! Besides, you DON’T INVEST IN GOLD TO GET RICH. YOU INVEST AND HOLD, TO SAVE YOUR ASSETS!!!
Oh how I wished to be a FOREX investor!
-JSSmith
October 4th, 2008 at 6:51 am
“They want a fascist planet with the superwealthy ruling it all
Since we’re too independent, America must be led to fall
When our credit’s been exhausted to subdue the Middle East,
They’ll install our debtor nation in the body of The Beast
Traitor…Dare call it treason”
http://www.youtube.com/watch?v=uw5dP5gy2Vs
–CORNBREAD MAFIA
October 4th, 2008 at 12:10 pm
Fuck you Lorenzo Thomas, why don’t you post on all the archived topics, you fucking Dickwad.
October 5th, 2008 at 5:36 pm
Can anyone tell me how I can take a silver dollar worth $12.oo to Wall Mart and spend it for $12.00 worth of groceries?