What Day is Today for Gold? Homestake Mining Chart, 1930â€™s This is Not the price of Gold itself, but how 1 gold mining company did. For those who missed it, this is a small way of offeringÂ a positive note to my previous piece on the stock market during the 1930â€™s, compared to today on a parallel timeline.Â The 1930â€™s piece follows if you want to review the chart and compare it to the mining chart.Â I must add my opinion note that
â€œ If we, as a nation continue to spend, as this administration has this past year (tripling the already scandalous total debt Pres. Bush left of 400 Billion), life as we know it is at riskâ€¦â€¦as a nation, and worldwide.â€Â
Â Â ORIGINAL POSTÂ
1930â€™S STOCK CHART
....the latest stock market rise says, ! 1930 ! BUT WHAT DAY IS IT, REALLY??Â
Whatâ€™s the date tomorrow?Â I say about another TRILLION spent, less than one year, and the calendar will say 1932.Â What do you think??
As the market crashed in 1929, many thought it couldn't get worse. Those who thought they had lost everything moaned, and some even committed suicide. And yet, many were uncaring; after all, they didn't have any money to put in the market. "The greedy ones got what they deserved", or so they thought.Â This is largely how I passed through the last couple of recessions.Â Unemployment in my household was 0%.Â I could not figure out what all these people were crying about, what recession? So it was with them, too.
As the chart here shows, however, the failure of the investment machine that comprises the "Stock Market" forever changed every person who lived through it. Then it was the Dow represented here, but now it is a global machine. Though I wasn't there, I saw the scars and the wisdom in the generation of "The Great Depression". It appeared to be over, and then it got worse.
My thinking point is this: When you look at this chart, what year do you think it is in the global economy? I think we are on a rally to eventually touch the peak that sends us into 1932 again. Even the naysayers, and those getting rich on the climb, had better "stay short" with firm downside "triggers".
If we as a nation can stop spending money we don't have, and using what we spend wisely, perhaps we can stretch time, or will history repeat itself?
The recent rally suggests 1932 is almost here. What date do you think it is??