We have an epic battle going on says Peter Gandich
Click download link to listen on this device: Download Show
Spot on!!…..SEB…Spot on!!
I sure hope you are right Seb. I think $1,000 gold is a long shot but if there is a major collapse in the conventional markets I worry that gold could be pulled down with it. That is why I am hopping for a steady rise in gold and a steady decline in the conventional markets.
I Happen to completely agree with you SEB
Yep….you guys should listen to Peter.
Its gonna unfold just like he says.
Disclaimer…..don’t fight with the messenger. I didn’t sign up for it. OK
HH,
Neither did I…Neither did I, HH!!
SD Marc…….
GOT GOLD………TO DA…….MOOOOON….ALICE !
Haven’t done that in a while. Just to get the bears growling.
HH, A little caution. Peter didn’t say it was going up, he said we were ready for a big move. Don’t underestimate the paperhangers. Regards!!
How about that RED FLAG ..Jerry
Golds going to burn a HOLE RIGHT THROUGH IT.
The move will not be that explosive so don’t bank on it. What policy levels want to see is a gradual appreciation that is contained, not a price burst that blows their boats out of the damned water. Peter believes in price suppression. Why would he doubt that the rise would not also be contained?
And they are Marc!
Pete is a great guy and we love having him on the show. Pete actually contacted up this morning because he wanted to share his thoughts on this market with all of you.
Thanks again Pete!
I appreciate Mr. Grandich’s commitment to your show and he makes no bones about his uncanny predictions. But I have to agree with Cory’s warning that if there is a major drop in the markets that gold could be brought down as they sell gold to cover their positions. The question is if the dollar can keep standing on that house of cards?
A $50 to $100 move is no longer considered a major move…it is a blip.
$1280 is not the key. It is one resistance level
$1240 is the key resistance level that must be taken out and held for 3 consecutive days.
Many nations (empires) throughout history have held the gold.
The Egyptians held the gold.
The Israelites had the gold
The British had the gold
The Germans had the gold
The United States had the gold
The Chinese have the gold
And why is gold in the hands of the Chinese so different?
Every nation was able to suppress the price of gold throughout all of history, why should the Chinese be any different.
Show me where I am mistaken, I welcome it.
If we get above $1280 2 closes in a row we are off to the races??
I LIKE THAT
I THINK I AM GOING BACK TO THE RACES
WHERE THINGS ARE MORE RATIONAL
AND IF YOU THINK IT ISNT YOU ARE SADLY MISTAKEN
VERY SAD INDICTMENT
You forgot the Indians, James. Why does everyone always forget the Indians? You do realize that on the existing trajectory and by compound annual 5% growth in domestic purchases it is theoretically possible for India to control ALL the worlds gold before the next hundred years is finished (just having a little fun here). Getting serious though it is estimated Indians have between eighteen and twenty thousand tonnes of the stuff. That’s more than double US reserves of record. Nobody else even comes close. In an article linked below from Mineweb the total value of all that gold represented 50% of their GDP when calculated in 2011 and amounted to a staggering 950 billion dollars. We only need wonder how wealthy that country might look if prices trebled as some suggest. Even China would blush as India’s domestic metals reserves suddenly dwarfed their own foreign exchange holdings of three trillion. Leaves you wondering what is coming next, does it not?
Mineweb.com “Indian homes hold gold worth $950 billion”
http://www.mineweb.com/mineweb/content/en/mineweb-gold-analysis?oid=141012&sn=Detail
S/B $1340 is the key resistance level that must be taken out…typo
Al, gold went up more than 110% in 2013 —against the juniors. $GOLD:GDXJ started 2013 at around 20 and hit 43 in December.
Thank you Mr. Korelin et al.
Why could not the “manipulators” uses naked shorts to keep the price of Au down? It seems to me it is in their best interests to do so. I am very wary of the jobs number coming on Friday, and see that as a potential that Au could really get smacked down. Regardless, I think the advice to wait for 2 closes above 1,280 is very sage, for a fearful one like me. Thank you.
The jobs number will definitely be big news. Who knows how it will move the market.
Let’s hope for some higher closes to turn us all bullish!
Us Treasury to sell $70billion in debt next week. It’ll be interesting to see how that comports with the Fed’s tapering.
I agree with Mr Grandich and that each successive take down over the last few months has become more anemic. Even so, it’s been a long hard ride.
Hi : I am still looking at the price of paladium and silver to move up stong this year at some point. best of health and wealth to you all S
JP Morgan will decide if the price will rise .
I like this guy. Short squeeze coming like i said. Boom!
You can forget about $1000 gold. You will never see it in your life!