Gary is not worried about the downward move in gold and silver today
Click download link to listen on this device: Download Show
Of course he needed a two day vacation! One day to dump his $1.37B worth of gold and a second day to get out of the country with the proceeds. Beautifully planned, Big Al. 😉
Joking aside, we needed a correction. Nothing goes up straight. Let’s see how gold reacts these upcoming days.
“YEAH” !!!…THE BIG FELLA DID IT ……I DID TELL JERRY , THE OTHER DAY THAT THE BIG ONE WENT TO , MARTHA’S VINYARD.
Right Mr Irish and I am currently playing golf with my favorite president of all time there!
We will host one later today in your honor!
AL/ KATHY…….You two love birds have a great time.
Absolutely nothing wrong with humor Mr Pace!
I think it was Big Al is behind this ‘Gold Manipulation’…
http://silverunderground.com/wp-content/uploads/2010/11/bankers.jpg
Joseph…thanks for that…I allways wondered what AL would look like wearing a bowler…haha
irishtony…If you don’t have a little fun in life…your dead !
Joseph…..While the cats away the mice will play……now where is Jerry & Marc ?
well, Irish……….I looked at the gold report this morning and decided to take the day off……went out in the country for a drive……….
btw………A bowler and pair of horny rim glasses , qualifies for a position on the queens court. Have you ever been to BEN SILVERS IN LONDON.
All the guys here have called for a pull back. Nice going gents. Keep up the good work and thenk you for alk that you have dine. Al……enjoy the vacation.
Yes they have John. Thank you for bringing that up.
Al….I had better proof read before I send a comment…hahaha
Ok. On our way to one last visit to $1224. And sub-$20 for silver. Don’t worry, it’ll only hurt for a moment or two, and then it’s TIME FOR $2000.
That’s very similar to what Dec is saying will happen. Seems like Gary and Rick think gold will find its bottom higher than $1224.
How long do you think it will take gold to reach the $1224.
Not long; middle of next week, perhaps sooner. If I’m reading the wave structure correctly, it’ll be another “pull the flush handle” drop, just as today has been; enough to take out that recent $1240 low and get EVERYONE going “Oh no! Here we go again!”. Maximum fear, in other words.
Gold has to bottom well above $1240. If it goes below 1240 then it would indicate a failed intermediate cycle with many weeks to go before a final bottom.
If GS can push gold artificially below $1240 then get the hell out of the way because they are going to try for $1050 again.
I don’t think they can do it though. I think the manipulation has pretty much run it’s course.
That’s just it, Gary. If GS is trying to push it below $1240, with the intent of pushing it even lower, they’re walking into the perfect trap being laid by the “Backstop Boyz”, and when that trap is sprung, THAT’S when all hell will break loose to the upside because it’ll mean the CrimNakes have been beaten for good. This is going to be better than the “Rumble In The Jungle” or the “Thrilla’ in Manila” or Mike taking a bite out of Evander’s ear.
What is a swing low? Is it the same as a one day reversal?
Bonzo….Is it something to do with Obamas putter ?
Maybe gary can tell us…
Is Gary Savage the son of Michael?
Thanks for keeping us informed Gary!
“What is a swing low?” It’s what a sweet chariot does, right before it carries you home.
Funny!
Go away Al………go jump in a lake or drink an iced tea or sumthin’….
When did Gary go to cash? Last Tuesday, he said he had his subscribers back in the market. Next day I think, he said he was looking for high at 1360.
How about using this week to smack down gold and silver before the next COTs comes out on Friday? Could the Commercials be making money being short Mon to Thurs whilst also going long?
would be interested in Gary’s current take on COT. Last Tuesday, he said on Korelin that everybody should get out of gold, due to large commercial short position. But then a short while later that same day he posted on Korelin that he had his subscribers back in. So what happened to his concern about the commercial short position, from one hour to the next?
We have been trading very short term the last several days trying to catch the top of the cycle. We bought on the open of June 5th. We sold June 26. Then bought back on July 8th and sold two days later on the 10th.
Now we are sitting in cash waiting for the daily cycle low to form before buying back. It’s due at any time, but I’m not really expecting it until the end of the week or next Monday.
This is a replica post of my own on that very same day. In short and to answer your question, things can change on a dime when trading. If you want to have the latest updates on a minute basis the sign up to gary’s subscription. I personally don’t have any ties with his subscription but would recommend him due to his track record.
Gary you got out at the same time as me. I got in on june 3rd but didn’t get out on june 26. I road her all the way till july 8th when I publicly said on here that I sold my positions that morning. I think me and you think alike lol.. Regardless im on the sideline in cash as to my trading positions. I will re-enter when we get the Rsi, macd, slow stochs on a oversold area.
Again as I got out on feeling/gut instincts and indicators, i will re-enter the same way. Im looking for another push down into 1277/1280 region like doc. At the pivot point im going to see how hui/xau react. If there strong and refuse to drop further, then that will be my green light. Just sharing my own method and techniques that I have used.
gut instinct is what gamblers use.
Big Al takes a two-day vacation…gold moves down by $32/ounce according to Kitco, and silver moves down by $0.55/ounce. Someone dumped $1.37B onto gold this morning…and Al Korelin goes on vacation! 😉 My “holiday theory” in action! What does Al Korelin know, and when did he know it? 😉 (A joke at Big Al’s expense.)