David Morgan weighs in on the events of last Friday and the future of gold.
Click download link to listen on this device: Download Show
If you had bought $1480 gold puts you would have made a 1000%
Have a look at this because similar opportunity may existfor the general stock market
http://www.zerohedge.com/news/2013-04-18/when-gold-and-stocks-de-correlate
My point exactly cfs, gs gave good advice. Alot of people are going to continue listening and following what they say.
It was NEVER the intention of GS to give good advice, They are a shill. They needed as many as possible to sell gold or go short, because it was their intention, in conjunction with Merrill, to drive down the market, whether they give good or bad advice is irrelevent to these banksters…..only their objectives matter. This time advice just happened to be good, but look at their track record, which had been sell gold all the while it was increasing.
Meanwhile back in Cyprus there is a vote:
I too believe gs has ulterior motives, but they and others have alot of clients, and those clients are going to be noticing a correct call by gs.
Thats all I am saying, and anyone listening to them would have made a quick profit
making people like them all the more.
THE BIG BOYS are buying TIME…..that is pretty easy to figure out. When “THEY” are ready the PM’s WILL SKYROCKET…this is not ROCKET science :)…. PUN INTENDED! Don’t think for a second that these guys dont know what is going on in MACRO global economic war is going on…common man…to quote BIG AL!
This SUMMER might be really big for us…who would have thunk it? Sell in May and go away…..maybe not!
Geez marc, I think I have heard that around here the last couple of summers. I like docs thinking, slow down, also, europian countries just might be selling gold to pay off debt, there are hundreds even thousands of tons up for grabs, if cyprus sells maybe other countries too. Some people have said prying gold from countries is a goal of the “bad guys” and the crisis is intended for just that reason. If thats the case, the buying time could be late summer of even fall.
Benb,
You could very well be right, you never know. I guess my point was this market has turned terribly non-sensical.
All the best,
Marc
Yes, I understand, its “thru the looking glass” maybe your right, I am just playing devils advocate.
Non sensical is an understatement I think, unless in 20 years or so it looks all logical.
A reminder to people. “doc zone” is airing on cbc tonight. Whats going to be interesting is what will be said on msm. Eric Sprott is interviewed I think, to me, its what are they telling the public? People from this site will obviously know if its truth or not.
Yes, they certainly will benb!
Big Al
By the way, David Franklin from Sprott will be on the Weekend Show discussing the topic of tonight’s Tv show.
Big Al
Just read it. Makes sense.
Big Al
The gold taske-down did exactly what it was intended to do.
http://www.jsmineset.com/2013/04/18/in-the-news-today-1512/
It shook out the holders of June contracts which were too large for the Comex to be able to deliver.
If you have GSM, it’s most likely APN isuses. Well, if you can’t get it to work, there’s still a ton of other great ROMs you can try.
Now, that is interesting!
Big Al
It was a brilliant execution of Comex kicking the can down the road. However, when the fog clears and we can see the pich clearly, it may be seen that they actually scored an own goal; by driving the price down so far that physical disappears into private or inaccessible vaults. 2 cents.
Finally, David Morgan. He has been away too long! Over the years, I have found his insights to be invaluable, especially one several years ago where he talked about the role of “sentiment.”
Morgan is good for general analysis. He cant call bottoms and tops…that is for sure…but, who can…really.?
Hi Jed and Marc,
David is a good and valuable friend of ours.
Big Al
marc……the BOTTOM IS $1……the TOP …..is anything higher than $1.01…so,there you have it………I AM STARTING MY NEWSLETTE please send all check to…
TOPPY
CONFUSED AS HELL DR.
DEVILS CANYON, N.M…
zip….00000001 ….or what you get in money mkt….
Jerry ..are you in the market for a partner…as you know we could make more money from a newsletter , than we could make from buying the metals , as you know there are millions of fools out there , buying these newsletters , only about 10% are worth buying, they could just come to this side & get better advice for FREE…..But dont tell them that , otherwise they wont buy our newsletter………
Signed your partner in crime …..tony.
Irish…..ALL I can say….quote the famous RINGLING BROTHERS….”there is a sucker born every day”…………..or was that W.C.FIELDS……………..
oh,,,,btw……it would be an honor to have you as second in command…..BUT, you can be first in command in our European adventure……….
The Great Barnum and Bailey had a famous saying, when they wanted to move people out of their shows because the line ups to get in were so long he would say “This way to the Egress”, most people thought they were going to see a tigress instead what they got was an exit. DT
Make it a threesome….I’m a big enough fool!
over-spending until there is under-spending…..?
Whatever happened to just right? (I know Gold i locks died)
http://www.zerohedge.com/news/2013-04-18/euro-legacy-greece-children-pick-through-trash-cans-food
People in Greece have been leaving their kids with churches for a few months now (maybe longer) because they havnt been able to feed or care for them. Lets hope it doesnt get so bad they start selling them as they do in other parts of the world.
I have read awhile back that slave ownership is cheaper now that at any other time in history. These “bad guys” really are bad imo. Max Keiser tried the buy silver stop jpm,idea didnt work, maybe May 1 will.
I think there is a couple ways to go about it, get grocery stores to accept silver, people would find out it has value, or get the churches to buy silver. 1.2 billion catholics could take down jpm in a week. If it were true that takeing the phys of the market stops them.
Unfortunately,Catholics have some affiliation or loyalty to the Catholic Church,which is no better than JPM.
That thought occured after I posted, I honustly dont think the churches will ever actually do anything about “things”.
I am afraid it will be up to the 1% of that know whats going on.
If I was young enough tho, I would start a business again and accept silver, I tried talking a few into it but no way. oh well.
benb….glad you seen sense, pretty quick….regards the church.
Matt..I agree…Your my type of guy…you & i both know !!!
Okay guys,
Now you know as well as I do that there are good and bad members of any club that a person can belong to!
Big Al
IT, you would make a great carpet salesman, sweep, sweep, and sweep some more. DT
I will say it again…
A guy goes to the fruit stand and asks how much the bananas are, the owner replies “A nickel, but we have no bananas now.” So the guy goes across the street to another fruit stand and asks ” how much are bananas?” to which the owner replies “A dime.” So the guy asks him “How come your bananas are a dime when the guy across the street is selling them for a nickel?” The owner replies “I sell them for a nickel too when I don’t have any”
Think about…
Didn’t Morgan call the bottom last month?
Who is responsible? Most people with valid arguments are pointing at FED, Banks, JP Morgan, but how about some Gurus. Analysts, News writers, Experts, Radio and Podcast hosts who came with unrealistic predictions!
Are they accountable for their predictions?
Please forgive me, I am not picking on anybody, I would share with you an example;
On December 19th, 2011 – DAVID MORGAN- SILVER TO REACH $60, GOLD $2,500 IN 2012
Sept 18, 2012 – Morgan believes silver’s nominal high near $50 will be broken to the upside in 2013, with silver likely reaching $60-$75/oz over the next 12-15 months.
The key issue is how we can trust them on their new predictions?
THINK ABOUT ALL THOSE GUYS WHO PAY FOR HIS NEWSLETTER……is he saying one thing to them…..and saying another to the public……..INSIDER TRADING?,,,not saying,but,……………who does all the shorting?…………never know…….
Kevin – question- how much did you pay for their advice?
Kevin – I urge you to read my missive on this blog from Tuesday under Marshall Berol. If you read it with an open mind it might change how you view things.
james…..read your post…………..maybe,,that is why JESSIE LIVERMORE said,,,
“I made more money ,,by,,not doing anything”…………,btw…..I enjoyed the post….
I should have listened to gs, even just bought hgd, what? 20-25% profit in a week. looks like gs gave good advice. lol