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Martin,
I RESPONDED to this article that you are REPOSTING. Please see my response if you are searching for the truth. If not, then I wish you all the best.
Marc
BTW,
Here is a counter argument to Abigail….FYI all…http://www.silverseek.com/commentary/why-do-so-few-investors-seem-understand-silver-story
Marc
PS….Silver WILL BE the best investment of this decade!
if silver went to $17 buying would go ballistic I would think. But what do I know.
Martin: The key word in Doolittles dribble is, “Traded”. Just like Interest rates, LIBOR, Dow, S@P and nearly all markets in general, there is very “Little” trading going on. All these markets originating in Europe, Japan and North America are manipulated with hundreds of trillions of dollars created from and out of nothing as fiat.
Keynesian Economics are in their end days, and the catastrophe yet to come will be like nothing mankind has ever witnessed before. I tell you honestly without reservation that in a few years people will not measure their wealth in dollars, pounds, euros or yen, but in how many ounces of Au, Ag, Pt and anything real including Salt.
Abigail of the Forex report can have her opinion, but I ‘ll continue to buy silver.
Larry,
You will be HANDSOMELY rewarded. The question is when? I think David Morgan and others have greatly hindered their expertise in this market by “guessing” future figures. Although, they are highly, highly knowledgeable and tops in the field. I consider myself a well-versed amateur, IMO. What we can expect is future price escalations as the months go on….with violent upswings and downswings periodically. Silver is gold on steroids. ALL LONG TERM HOLDERS will reserve their purchasing power and them some. Guessing future prices with time parameters is a FOOL’S GAME! This is With the utmost respect to people who make a living giving out opinions.
Marc
Larry,
BTW, that was NOT investment advice, just my humble opinion. Good luck.
Marc
Marc…..who is this Abigail….she needs to stick to her silverware collection….
no way for $17….. Her and Jimmy Rogers needs to get together on their calls….
Hey Jerry,
How are ya! You know, I have never heard of her. She just came out of the wood work, dusted herself off and then spewed a bunch of garbage right in the face of powerful macro economic forces as if she has been in a coma for 30 years. Is she entitled to her opinion? Absolutely. But, she is the antithesis of Moolman who uses Elliott wave to say silver is exploding to $250 an ounce. I wouldnt bet the house on that either. But, lets just say the trend is your friend and the TREND IS UP!!!!
All the best,
Marc
Yep it is and how about the action today!
Big Al
I could not agree with you more, Marc.
Picking by specific dates, etc. is a fool’s game!
Big Al
Abigail covered all the bases so wherever silver goes, she can be right. Worthless analysis. If silver does go to 17 it means deflation has the upper hand. Expect the Dow Jones several thousand points lower in that scenario. Expect money printing to infinity before that happens in an election year.
QE to infinity…bingo, Ken….bingoooo!
Amen Talarana,
That is unless they are breaking the law and doing you damage. Other than those situations I agree with you!
Big Al
We enjoy you Both Roger and Big Al. We need to share this with you! Listen to BBC Radio. Type in BBC Eurogeddon 2 Gold Standard. com ( By Simon Jacks). This sums a lot of things up what you both have been telling us. Very educational for any new folks who have joined your talk show!
Let us know what you both think?
We love ya all…. Keep it going you are making a difference
God Bless!!
RL & ML
I have to say that I certainly value the input from all of the listeners within this great forum!
Thanks for the kind words,
Big Al
Statoil, BP,COP are all down as strike in Norway shuts in 2 million barrels a day of oil exports. dont worry tho as Norway gov. has a law , intervention and forced arbitration in 2 or 4 days. I bought a little COP today at low. expect a 3% pop up. all my closed end bond funds are slowly drifting up. sell bonds in fall for other ideas. best to all S
Scott.
Great call on selling all bond funds by the fall!!
Evening Scott,
Please elaborate on your reasoning.
Want to do it in an interview?
Big Al
I just pulled up the multi-decade chart of Gold spot, but this chart looks crystal clear 5 wave rally for the past 12 years, which suggests this gold correction since the highs last year is just getting started. I honestly see no other way to interpret it given the magnitude of the 12 year rally and the relative shallowness of the correction. An ABC correction here should take us SIGNIFICANTLY lower, quite possibly even below 1000. Yea I know. Impossible, right?
Every trading method has its pros and cons, including EW. Some work at times, and fail at other times. We’ve been in a 12 year bull market in gold. But right now, this is one of these times where EW is SCREAMING multi-year top and a severe correction to follow. I think it’s foolish to ignore that.
HI Bart,
I wish I understood technicals better!
From a fundamental standpoint, I can’t agree. We’ll see, my friend.
Best,
Big Al
Hi Bart.
Rogers states that a major leg up in Gold & Silver is imminent, he is always on about an ABC correction, wave up wave down etc. This is completely opposite how you see it.
Its all rubbish as far as I am concerned. How can Elliot wave theory work with Banks & government manipulation.
A comment from ROGER regarding Barts posting would be welcome.
I appreciate your opinion, Al. I hope you’re right! I thought this, too. If one measures from the start of the last C-wave ($865), the move down to $1523 was a 38% retrace. If that eventually breaks then gold will probably go to the 50% level around $1400.
Personally I still think this is a B-wave bottom but it’s starting to get to crunch time where gold either needs to start resisting the rising dollar or the dollar needs to roll over for good. And if the dollar resumes its rally, and breaks the June high this week, I’m afraid I’ll be selling all of my PM sector-related investments, and sit on the sidelines in cash, to wait and watch.
The last few trading days showed that the silver lease rates were down to negative .5%. Now they are a straight line like the last few days trading were changed. This market is weak now and is going to be manipulated down in tandem with the spate of negative news out. PMs are likely on their way down for the next few weeks until the balance of news can change the direction back to up IMHO. Gone short for now. Who knows where this is heading for now other than the powers that be.
Dan
Bank of Canada also re-repurchases. Who knew?
Wow. A mainstream article actually postulating that gold was manipulated? And it even quoted Chris Powell of GATA??
Here’s a video of the above story, closer to the original source:
http://www.cnbc.com/id/48119741/Gold_May_Have_Been_Manipulated_Like_Libor_Expert
John W.
That is a big WOW. Thanks for the link!
You bet Marc. Was ‘sort of’ near your neck of the woods this weekend…in LA looking around. Call me crazy, but there’s a couple of contract opps in the area. I went from 115 F high in Phoenix to 60 F high in Ventura. I think I’m missing something in life. (my floormats also have the tell-tale sign that I visited the beach…sand everywhere).
San Diego may be next!
John W.
Contact Al to get my cell phone number and CALL ME if you make down to San Diego. Would love to meet up with you. Additionally, did you catch that “yay-hoo” on the video telling the interviewee that gold would be a “sickly” trade WHEN the financial markets settle down! These guys just DON’T get it. Please, tell me John, I will indeed listen to you! Am I missing something here?…or is that just plain STUPIDITY and ignorance continually pervading the MSM.
Thanks,
Marc
Hi Marc,
Yep, I’ll get the number. Not certain yet when/if going, but certainly want to.
And I agree about the stupidity/ignorance. Hey, all I promised was a link to an MSM article about gold manipulation…I never said they’d actually like gold as a trade! Though in truth, Marc, the markets might settle for a period after the election, because as you can see, there are people who just feel the clouds of China and Europe will clear, and everything will be fine. So if Romney wins, for example, we might sail around for a while longer. If Obama wins, look out. I think the market will take an immediate pounding.
Many of the mainstream pundits seem to share your opinion.
Big Al
Myself and a few or my top analyst friends (I compare my work with seven others) signal a new base is in for PM’s and the shares. Can they meander sideways until the end of July per our last forecast? Yes they can- We have seen some huge multi-million dollar trades go down on August gold futures. I think they buy back the positions to move them out further. Yes, manipulation makes our work harder but my techie work produced 18 futures winning trades in a row three years ago. The problem is systems cannot work indefinitely or we would all be rich. We have come through death valley for PM cash, futures and shares but the cycle is nearly over. The greatest trader ever Jesse Livermore was out of all markets 80% of the time. He focused on the big moves and they do not come that often. In our work we have pressures to produce ideas every work and it is not easy – Traderrog
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As much as I would like to see silver start to move up its worth looking at this.
If you want to be pissed off .
http://www.forexpros.com/analysis/silver-is-set-to-slide-to-$17-128906