Trader Rog and Big Al are looking for excitement in the gold markets after Labor Day
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Morning Ben,
Here in Washington state we are a bit over $4 assuming that you cannot burn regular.
Big Al
The charts are signalling a pullback in the PMs in the near future. The impetus may be the Bernank’s muted response in Jackson Hole tomorrow. However, by mid September we should see a move forward in the PMs and stocks due to a number of confluent events. Overall, the momentum indicators are still pointing to a positive move; however, gold (in all likelihood) will still need to test support at $1620.00 and silver $29.00.
In Montreal, we are paying $5.45 a gallon and we also need oil to heat our homes after we have paid our property taxes after we have paid our income taxes.
Good interview, feeling by most is that we will be in labor till September when we can finally drop this burden all PM followers are having to stomach this past year. With you posting participation in the Premium debenture last week is there any news on its completion so we can all enjoy the upward movement?
Thanks….
I believe that it is closing any time now.
Big Al
I don’t mean to burst your bubble but what will be the excuse when precious metals, Gold and Silver, don’t move in Sept and trend down again. Until the elections are over the metals and especially the mining shares are being held WAY DOWN. After that who knows, the markets are extremely manipulated.
I see gold & silver just took a nose dive….at the same time…whose playing games ?
Some guy in the U.K. who drank too much Guiness yesterday!
Big Al
AL ..Do you mean Mervin King at the Bank of England ?…Gosh didn’t know he was a Guinness man………haha
MERVIN THE BLACK KNIGHT……
Morning Reo,
Not bursting my bubble. Remember, my time horizon is mid to long term.
By the way, I think you could be correct.
Big Al
Interesting Op-Ed by Seth Lipsky in WSJ page A15 today.
Titled “The Gold Standard Goes Mainstream”
http://online.wsj.com/article/SB10000872396390444914904577619383218788846.html
Thanks Dennis M,
As soon as we get back home from this mini vacation, I will read it.
Big Al
Jackson Hole….is just the side show….wasting time…killing time, just trying to get closer to the election day….Every week that they can stall off making a decision, the possiblity they(fed,IMF,World Bank) can blame the next person on all this mess they(fed) have created….If Uncle Ben , can get to Nov….he might get his job back…otherwise, he is gone…and he will, along with Barry O. ,,get blamed for everything….
HI JERRY………Read somewhere today that Mitt’s the Pits, wants Uncle Ben out, if he gets elected,.
IRISH….HOW ARE YOU DOING….I think you are correct….but, it will not make any difference….we are toast….or crumpets, as you might say….
I hope you all took a look at Galway Resources after I mentioned it…its starting to take off. Things are looking good. Look at Newstrike Capital as well. I hope you make a lot of money investing in these gold explorers.
So do I, Tom, so do I!
Big Al
My dark horse is PPI….this will be the largest potash mine in the USA…We should be at the bottom here…you have about a month to get in before it moves.
Good luck all.
HI Tom,
As you know PPI is a sponsor of this site and I have visited the property on two occasions. I have a lot of respect for the management of PPI and my understanding is that the property is sound.
This is not investment advice just my opinion.
Big Al
Yesterday….I posted that Louise Yamada…indicated $5200…if you run the numbers…would be 20% return annually…and put that at 2017…which is not that hard to believe…..
As I have said in the past, Louise Yamada is a very bright person, in my opinion.
Big Al
thank you Al, it wasn’t a full projection but that bit helped.
At the same time, I’m also confused…TR is saying gold breakout some time soon yet perfect storm crash potential roughly 3rd week of Sept.? Will gold now go up as equities crash?
Support for gold at $1540.00 or so. Support for silver at $27.00 or so.
Could this be one of the first of many?
It was a small scale Polish Gold Ponzi Scheme.
It would seem the powers that be would want Gold Ponzi schemes to take demand pressure off the real deal. What is it that they say “One in the hand is worth two in the bush?” The operation was closely watched but allowed to operate until it collapsed on its own lack of merit.
On a larger scale it makes you wonder where all the paper gold will come from.
Gold with counter party risk is like a juice bar. What is the point?
http://www.wbj.pl/article-60174-amber-gold-fallout-pm-wants-stronger-supervision-of-prosecutors.html?typ=wbj
HI DENNIS…….As i have said before, if you dont hold it yourself….its not yours
Just passed 4.00 a gallon for gas in the lowly state of Illinois. High gas prices have arrived…