Gold could be forming a stealth daily cycle bottom
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glen fantastic work!
Id like to add that im looking for 192 on the hui index to fill tha gap before we move up. The more I look at it the more the possibility of gold 1180 becomes reality.
Glen you nailed it!
Glen – you are cracking me up here. How do you think the rest of October pans out.
Doc,
I believe we are in the process of bottoming and then possibly sideways..The key level is around 1180.. I expect the bulls at that point to defend with with air assault..
If the infantry does not come out to defend 1180 then I believe they will be released around 1050..
The infantry will show up at some point, when is the 1 million dollar question.
Easy to agree with Gary…
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=0&dy=0&id=p83819038736&a=367587700
They appear to have a lot of problems pushing the price under $1200. It takes too long this time around. They used to do it like hot knife through butter. Something is different.
$1280 and I for one will start clapping!
Andrew, you need to be a guest on USAWATCHDOG.
Contact Greg. …can hear it now…
G.H. Welcoming Andrew de Berry or should I say reverend. He claims with
the Swiss referendums could cause an explosion in precious metals. With
St. Andrews day coming this could really set things off. Andrew is an author
and publisher of many books and has extensively researched gold and
silver markets over many years. Although not quite as bullish as Harvey
Organ Andrew claims precious metals will see much higher prices.
G.H. Please welcome Reverend Andrew de Berry to the show. Isn’t that what
you said off air Reverend you believe gold and silver will take off soon.
Reverend : Hell yaaaaaaaaaaaa !!!!!!!!!
HH _ Thanks for the accolade which, truth to tell, I can’t recognise – must as I’d like to (ha ha!). Truth is I’m only a modest author (3 books on Amazon) plus another for which my reservoir of writing (writer’s block) has dried up on me right now. Pondering a house move right now. So please Lord get me going if it be your will!
As for Greg Hunter, remember he booted me off his show – quite wrongly accusing me of being pro Hamas, when all I was doing was challenging Israeli iniquities over Gaza. So, no I’m debarred from even submitting posts on his show right now, and have gone off GH as a result.
Nonetheless I love it HH when you get into your stride, tossing to one side the countless idiocies uttered by BM and others.
Yes, let’s see what the Swiss vote does. The longer this suppression of gold/silver grinds on the greater the upward explosion!
Thanks also for making me laugh – there’s a lot over here in the UK which makes for depression – millions of zombies brainwashed by Cameron and all the rest.
So stay cool my friend and thank you for being a brother in Christ!
ANDY………what are the titles to the books……….and what do they cover…..thanks.j
OOTB – Thanks for asking. My two main books are thrillers (the third called Diabolical was supposedly written for a friend who ended up turning on me, but that’s another story). The others are A Candle for Lucifer and Chasing the Serpent, both under my name. CFL is about a psycho vicar (not so far-fetched as I knew one such vicar whilst at theological college who then turned up as an inmate at the prison where I was a chaplain). CTS is about freemasonry, and revolves around another psycho, this time a police officer.
Both books are meant to be page turners while leaving the reader questioning his own sanity, not to mention spirituality!
Best A
Andrew, I was quite serious but Greg wouldn’t care about the blog.
With your credentials I thought it could be possible.
If nothing else, I thought it was entertaining to speculate.
Really, you could put on a good show with all your intelligent
structural ways with words that are highly impressive.
Certainly capable of it and would draw a nice crowd. Thanks
for the reply and hope St Andrews day brings us good luck.
Your friend and brother in Christ always,
HH
Btw..Andrew …May The Lord guide you, bless you and richly lead you into
a new place or the best decision as to what to do.
And many blessings to you Andrew.
Moving is a big step. You have my blessings and best wishes.
HH Thanks – looking at a house tomorrow, which I sense could be the right one. But my Celia is forever the cautious one.
On-going blessings. I’m looking forward to laughing our enemies to scorn. Sanctified laughter you understand…..HAHAHAHAHAHAHA!!!!!!!!!
Hi Andrew…..GREETINGS….From a non zombie………………Are you moving south ?
Hi Irish – probably to Chesterfield (Midlands) I fear. Am looking forward to having a really serious laugh with your good self and other select friends on this site!
Hi, I bought silver for the first time – ever. A nice chunk. Could have got it cheaper from the bank but they would then have a complete record of my purchase. This way it’s almost anonymous. Interestingly the coin dealer was broken into the night before. The thieves got in through the wall, as the neighboring premise has no tenant. They say, there is no insurance for a business like theirs and they will have to absorb the loss. They also say that demand for silver and silver bar is very strong at current levels.
Hi Peter…You bought silver !!!!!…Well done sir , a very wise move…IMO.
There is no problem with your bank or anyone else having a record that you bought silver.
Thanks Gary, I am in almost full agreement of your analysis. Long term might be different as the US$ may be less than half way through a 17 year bull move IMHO.
http://talkdigitalnetwork.com/2014/09/this-week-in-money-155/
Last 15 minutes or so is Ross Clark.
Martin Armstrong is on for the first 30 minutes.
The more I listen to the experts these days the more they sound like everyone else, time and again the economists and forecasters make their predictions only to find that they were right for only a fleeting moment. The market is a mess and all the predictions out there mean very little. These times are not normal and with the way the economy is being handled your guess is as good as mine. Get physical insurance you will need it.
Market values should have a sound basis in the general prosperity of the country but that is not what we are seeing.
FWIW I covered 1/2 my short positions held in silver bullion and gold miners held since July…80 and 70% gains using 3X ETF
Gary,many of the long term charts, monthly and weekly are at key levels off the 2002-03 lows IF a turn is going to happen now is the time….a close above $1225 gold is the first test…where I’ll cover and go flat
Sorry guys I don’t follow the cheerleaders here that post the same crap over and over again which has nothing to do with making money!
Birdman you’ll see a much higher US$ along with much higher US equities as Europe and Japan implode just as Armstrong has called correctly.
Matthew gold as an inflation hedge, really?…gold in 1980 was $850 the Dow 750 at their highs the % returns were 125% for gold…Dow 2200%
HH, what a complete waste of good air, pump, pump pump and you make NO money just slam everyone who dares to short gold and make great gains….typical goldbug loser I really feel for you pathetic lot….so sad!
Its all about making money not cheerleading…..
So how do you really feel?;-)
OK…JJ
You want to claim winning trades on here, start posting them.
Don’t come here and make yourself a guru when others do the
same here and its all fraud. False claims JJ. Anyone can post
trades after the fact.
POST YOUR TRADES JJ. or don’t bother coming here with any
possible false claims.
THERE IS PLENTY OF DISINFORMATION AND DECEIT ALREADY HERE
If anyone believes you then obviously they are a real sucker.
Until you post your trades I will never believe it. NEVER !!!
JJ…welcome back and be a man…POST YOUR TRADES.
Thats all you gotta do. Not going to believe BS. Too much in the
world now.
OTHERWISE, ITS ALL LIES…JJ. no guru status without proof.
START POSTING !!!!!!
ROTFLMFAO….such a typical goldbug loser response
Lets play your little game, I’m a complete loser I sit in my mothers basement in my pj’s drinking beer and I’ve never ever traded anything not even baseball cards…I’m a complete flake-fake-loser as I can’t post my trades cause I’m only 12 and too stupid to attend school….got the picture!
REGARDLESS!! if one sold all their pm’s positions back in mid July today you would have saved yourself a lot of money and pain based on all your garbage you spew to da moon, islands of gold, god this god that WHO CARES!!
REGARDLESS if I never ever put on a trade look at all the 2X etfs shorts and 3X etf shorts since mid July they are all up far more that YOU ever made as a long since Sept 2011 and that regardless of me being a complete nut job in your mind is all the matters
TRADING BOTH SIDES MAKES MONEY….AND THATS ALL THAT MATTERS MAKING MONEY! so that I can toss a $100 bill into the cup at church this Sunday
Never ever claimed to be a guru just following Armstrongs lead and making % gains trading….sorry you don’t have the balls to short a bear market
Well good JJ
But anyway you want to spin it (thats what your doing) or
slice it, we don’t know.
POSTING AFTER THE FACT DOES NOT CUT IT !!!!
You still have missed the mark by a long shot.
POST THE TRADES OR DON’T COME IN HERE. …
CLAIMING JACK ! !!!! prove it otherwise take the
smell you bring in……OUT !!!!!!!!!
Heavy: We probably have a low here today/yesterday and most likely we rally until FOMC end of October…after that we shall see
So where are the Gold Guru’s trades?….I don’t see Matthew posting his positions, his buys of what at what?..his sales….how about Doc? what is he buying when he says he’s been nibbling these past few months while being short has been the trade….not adding to underwater long positions…..Doc talks about the chart this and that the chart yet never posts a chart, why?
Your so thick you completely miss the whole point and your a poster child for a goldbug poster….ANYONE can make money in a bull market….but your clueless how to trade a bear market as you only buy the pops within the bear trend, yes its produced some great gains which I’ve enjoyed as well but the trend is down and you just keep spewing rah, rah, rah….how old are you?
Rick A can suggest an $8 silver price and a much, much lower gold price yet you don’t attack him, why?
The point which you and every other gold pumper refuse to admit is who cares if nobody ever takes the short trade…..the chart and values clearly show BIG money is being made since mid July shorting the religious goldbug sector THAT IS FACT…which I take to the bank…how about you?
Oh bull JJ.
Matthew has posted plenty of trades before and after.
Doc has stated his positions.
YOU THINK YOU’RE GOING TO COME BACK HERE
POSTING YOUR BS
YOUR VERY MISTAKEN !!!!!
I agree NYC.
I noticed you called the last low. Maybe in June.
Ha! Loved that last line JJ. Anyway, just ignore HH. He does the emotional stuff just to get people wound up and send them crazy. I still think he is posting from the library but I could be wrong. It might be prison given his bizarre hostility to gold bears (and he just HATES it if anyone makes money going against him).
Bird, looks like a bottom here….ultimate bottom? doubtful but we could get a nice rally here for the next few weeks
Ya…I’m in prison. More hallucinations. You really are out
of your mind. Drunk and have nothin better to do.
Whats with libraries. Purdy lame !!!
WHAT ELSE DO YOU HAVE. . BEARMAN
You live in a Kenya because you escaped
as a convict or from asylums .
No other reason. Uh ha ha ha ha
From 71 (when gold was decoupled from the dollar and allowed to trade freely) till today gold is up 3300 %.
From 71 till today the Dow is up 1700%
Brilliant. A guy named Dr. Lockwood talking about Alberta burning coal on BNN Commodities Report. Talks about pollution and not a word about C02 causing global warming. Bravo!!!!;-) Lots of energy needed to get rid of the CO2 and injection can cause earth quakes.
good to see you posting jj.
Well bb as I stated when I shorted the pm’s market at Gary’s blog and no I didn’t max out % gains off the $1240 gold low but managed gains regardless as looking from the short side creates a slow to move when a bull pop takes place I might as well toss my pomp-pomp’s around as a short as we know the perma goldbugs to da moon bulls here make sure we all know about gold when it pops during this 4 year bear market.
You could well be right jj. The dollar has a lot of wind at its back given what is taking place everywhere else. The big picture is still up, up and away. In the back of my mind though I have this creeping sense that when corn hits 300, when wheat gets near 450 and as crude finally finds support (possibly as low as 80) that the dollar will see a reversal.
I just don’t know what to make of it all just yet. Are we seeing bottoms forming in the softs and energy for example as the dollar hits and interim peak? Is that telling us a stock market correction might go deeper than I thought possible? It just seems to me there are quite a few stars aligning right now that might come to bear simultaneously on stocks, gold and commodities. Call it a hunch. Lets just say I am watching it closely since I am not quite sure what is going to happen next but I think SOMETHING is about to happen!
Oh trust me Birdman its not me that’s right its Armstrong and his call to sell gold 2011 and buy US equities has been bang on….if he’s correct with his par Euro$ call gold will trade sub $1000 and perhaps down to his $675 call depending on capital flows out of Euro into the US
Your correct Birdman just another BS call from the goldbugs as the US equities correct massive amounts of money will flow into gold, silver and the miners REALLY!!! OPEN YOUR EYES!!
So how come the $ is sinking today?
JJ, since when does the dow have ANYTHING to do with living expenses? The fact that Armstong’s little example doesn’t insult your intelligence says it all.
How about starting with 1971 when Nixon removed the dollar’s peg to gold? Dow 900; Gold 42 (or less). The Dow is now up 18.5; Gold is up 29 times. Gold has absolutely smoked the dow by just sitting there with no counter party risk of any kind.
Still, though my example makes a lot more sense than Marty’s, it is not the right comparison!!! How FOOLISH can people be? Gold should be compared to currencies NOT investments! Here’s an example of the right kind of comparison. I have a relative in southern California that bought a house for $25,000 in 1963. $25,000 was equal to about 700 ounces of gold back then. Today, that house would go for about $500,000 to $600,000 —as much as a 24 fold increase! Is this something to celebrate? No. It just proves that the dollar is worth one-twentyfourth as much as it used to be (roughly a 96% decline). But guess what, the 700+ ounces of gold is currently worth, not $25,000 or even $600,000 but $852,000. So gold held its value while the dollar got SMOKED. The house itself didn’t even keep up, and it shouldn’t have! There is this thing called depreciation that happens to things after 50 years. Most people just don’t know about it because of inflation and various other government programs that hide it from them. Sheeple love to pay taxes on phantom gains!
I don’t care if you apply this approach to oil, education, copper or healthcare; it holds up. Marty’s foolish little followers should try thinking and understanding for themselves for a change.
Here’s another easy to understand example. The first generation Chevy Bel Air had an MSRP of $1741. Will that amount get you the new best/most popular Chevy? Obviously not. However, $1741 was equal to about 50 ounces of gold back then. What do you think you could buy with that? 50 ounces is currently worth about $60,000.
Matthew I feel for you as your not an idiot, your a smart guy YET you’ve drank the Kool-Aid….do the same example using the Dow and you’d be far, far greater ahead $ wise…lets not even go back to 1980 lets use Sept 2011 gold bought at $1900 then is worth today 36% less, it buys YOU 36% less purchasing power….the Dow was 10,400 now its 16,600 your purchasing power has increased 60%…..yet in the background from those pounding the table regarding fundamentals, backwardation, Cot, blah, blah ,blah…gold has lost everyone purchasing power vs US equities….not to mention Armstrong called that trade, lol
I was bullish on stocks when no one here was and said so in late 2011. No kool aid, I sell strength and buy weakness constantly whether you choose to believe it or not. From the speculative side, sure, a bull market makes things easier, but huge gains can be had in any market if you have a company go from “nothing” to “something” (in terms of assets in the ground). Look at CEM.v for example. It is STILL up 178% ytd despite declining sharply in the last few days. Compared to last year’s low, it is still up 385% (and was up 600%). Most of the juniors I own offered 100% gains twice last year. They go up, then give it all back, then go up again. They act like options.
I’ll use a little HH approach to you Matthew and see how you like it…….
You fancy yourself a good chartist and good trader, really!!! if you could actually trade, read a chart then you would have made fantastic gains short the sector, many times since 2011…..your a bull market trader that’s all, anyone can trade a bullish pop…
I won’t bother tossing in all the childish HH remarks as well………
Nothing childish about posting trades.
Its the other way aroung JJ
YOU JUST CAN’T HANDLE IT…grow up..
Take bearman with you…ALL FRAUD !!!!!
Been going on for 9 months.
POST YOUR TRADES JJ…
I am a complete fraud HH you da man you called me on it brother!
Ask God to give your eye sight back so that you can see the fantastic % gains those that have shorted the sector mid July have made while you quote the bible and pump to da moon bs, lol
POST YOUR TRADES JJ
Or its most likely a big fraud.
Do you comprende…..uh ha ha ha
You don’t. ..do you
I gave you a response that you don’t know what to do with, that’s all. What HH has to do with me, I don’t know.
As for my trading and gains, I would like to know what you are basing your ignorant and arrogant assumptions on. At a little over $1800, I started selling gold for the first time ever based purely on extremely overbought readings. I was trading silver for gold months earlier based on the same simple measures. I have had good trading gains and a couple of huge speculative gains during this bear market (100% is not huge, btw). I do have speculative core positions in illiquid juniors that are down anywhere from a little to very substantially. It goes with the territory and I have always made it clear here that I am a speculator first.
To get an idea of my risk tolerance in some situations, I bought GORO in ’06 for a little over $2. It then went to $6+ and I sold none. Then 2008 hit and it quickly went right back to $2 and even lower —and I sold none. In July, 2010, I took my initial capital back when it went above $10. I sold the rest between $23 and $31. I have had plenty more similar experiences.
Matthew: I just bought my 1st block of shares for Kirkland Lake Gold (KGILF)- they are actually making a profit ! I have been bought a small, core block of shares for each of my favorite miners the past couple weeks: CLGRF, USGIF, PVG, KGILF. Contemplating SA and ANV. Sold shares of AXU (@ 0.85) to get back to my original, core block of shares; may not add right now, as it is in free-fall. ~ Brian
Hi brian, that’s great about KGILF. As you might have guessed, I have not sold my AXU. In fact, the last significant selling I’ve done was back in Feb./March. I will continue to buy it. AXU is extremely oversold and has plenty of cash and some cashflow (that has nothing to do with silver). CLGRF is still up 40-50% from its May/June low.
OK….so you don’t know anything about cars either.
A clean 1957 Chevy Bel Air convertible might exceed 85,000 today. These are amongst the most sought after US built collectibles. That is not even the point though. You picked a time period of the 50’s and 60’s which were nearly a bottom in golds price in real terms so it isn’t a valid comparison.
What Armstrong wrote was that at golds peak in 1980 (it’s high point) it traded for 840 dollars when the DOW was less than a 1000. So what happened to gold that it peaked at a mere 1900 bucks this last time around but the Dow now stands close to 17,000?….hmmm?
Lets see, the Dow went up 17 times but gold barely doubled in 35 years. Don’t you think that is a fairer comparison? Can you see how the world changed? Especially as you were probably not even alive in 1957 or were too young to be a gold buyer at the real price lows. The judgement that gets rendered is based on when we were all around to do trading, not facts from a prior generation that has no bearing on anyone here.
Presumably you live in today’s times and not the historical past.
Chevrolet Bel-Air 1957 price guide
http://www.hagerty.com/price-guide/1957-Chevrolet-Bel_Air
And here is the chart that proves you picked a price near the very bottom in golds prices in the last 100 years, Matthew.
100 year gold chart in today dollars.
http://www.gcasset.com/chart-perspective-gold-100-year-historical-prices/
And here is the Dow Jone Industrial Average chart since 1980 for your edification. See the big differences yet? This should be easy for even you to understand.
Dow Jone Industrial Average chart since 1980
http://stockcharts.com/freecharts/historical/djia19802000.html
BIRD………….in order to get that price. on a 57′ Chevy Bel Air Convert………you might have had to put $40k into restoration……………
Jerry, Bird completely misses the point, as usual. For reasons that are obvious to normal people, collector value absolutely does not count —even if we could assume that everything will become collectible, which we can’t.
Does anyone besides Bird think that it makes no sense to use Nixon’s actions as the starting point for a comparison? Does anyone besides bird, jj, and Marty think that the Dow makes for a better comparison than the dollar when assessing gold’s performance?
I have collected, traded, and sold antique cars……….so, I know what you are talking about.
All markets fluctuate from undervalued to overvalued (secular bull and bear). Anyone can cherry pick a period when gold underperformed and stocks outperformed and point to that as a sign that stocks are better. That’s nonsense. One needs to combine both a secular cycle down and a secular cycle up to see which asset outperforms in both environments.
If you start from 71 one Nixon closed the gold window and gold was allowed to trade freely you account for both bull and bear cycles in both gold and stocks.
Gold is currently up 3300%.
The Dow is up 1700%.
It’s not even a contest as to which holds its value better during both bull and bear cycles.
Gary,
I disagree with your comparison between the return for gold and the Dow. The Dow is up more like 1950% and gold up 3200% since Aug. 15, 1971. The Dow was at 856.02 on that date. Gold was around $38.
Also I do not think you included dividends for the Dow in your return. Also why not use a more broader stock index like the SP500 which had a slightly higher return than the Dow since 1971. May be even include small-cap stocks which had about a 2% higher annual return than the Dow.
Overall I think the return of gold compared to the stock market is fairly close depending on what time frames you honestly look at especially if you include the reinvesting of dividends. Something you can’t do with gold.
Here’s one more interesting example. The median sales price of a new home in the U.S. in 1994 was about $130,000. The average price of gold that year was about $385/oz. So the median price of a new house was about 338 ounces of gold. Now, let’s compare that to the highest median price I could find, which happened to be in February, 2007 —the peak of the “housing bubble.” That was also the month in which the bank index ($BKX) made a top that will remain the top for a long time to come. But I digress. Anyway, the median price of a new home at that “bubbly” top was $250,800. Gold closed that month at $672, so the median home price in gold was 373 ounces —just 10% above 1994 levels even though the dollar price had risen by a whopping 93%. Considering that housing was in a bubble, gold did a hell of a job keeping up (while the dollar was essentially halved in purchasing power!).
The median new home price in August, 2011 was 217,600 —just 119 ounces of gold based on the closing price that month. In other words, gold tripled in just 4.5 years when measured by the median new home price. Stated another way, that’s three times more house for your gold in just 4.5 years.
Sorry Matthew I too busy making money no time to waste ……
Oh, don’t forget to say hello to Marty for us.
You got posters of Marty too. Fondling them I’m
sure late at night.
UH HA HA HA…give him a big kiss too. lol
JJ THE WHAT…come on say it
UH HA HA HA HA
That’s what I expected, jj. Real intelligent…
Matthew as a trader talking with you is a waste of my time, if you truly could read a chart you would be up 70+% trading DUST…how many times you been short since 2011…that’s trading not just bull side pop buying…..big deal!
You sound like a big kid, jj. You sure weren’t “too busy making money” to post the nonsense that I have responded to. Maybe after the market is closed you can find time to read it and learn something. Or do you have a date with your xbox that just can’t wait?
For the record, I didn’t buy any “pop” —that’s what guys like you do AFTER guys like me turn the market for you by buying when no one else will. My gains for the last rally were huge and YOU missed the whole thing. I’d bet that you missed buying in December too.
You and HH are just spooky!…your right matt I missed Dec, June, 2000 all the way to 2011 highs in fact I bought at $2000 (I know it never traded there but I’m that stupid)
Matt you are the greatest trader I’ve ever seen…..how do you get your head in the front door of your house?………..You have the biggest EGO I’ve ever seen on the web….wow!now back to my xbox
You’re, jj, you’re. “Your right matt…” doesn’t make any sense.
HH your friend and brother in Christ….are you kidding me!?!?!?
What is this place?…a cult?….of goldbugs or a place to make money!
Just think how much you could have given to all your brothers HH if you knew how to trade…..HALLELUJAH Brother!! pass the cup, lol
Its a place JJ gold investors get together to
protect their fruits of their labor.
We have other things in common too.
Doesn’t suit you…then leave. Take your undocumented
trades with you…until you post them its all BS.
ALL BS….JJ….Every bit of it. Only a fool would believe you.
UH HA HA HA HA HA….
ANY FOOLS IN HERE….UH HA HA HA
Nows your chance to be a fool. Believe this bull crap.
Now your talking!…..HH….you got a Big mirror in your house?….have a look into it and ask yourself how you doing protecting all that wealth of yours these past 3 years?
See all those faces in the background….they are fools like you pumping bs and losing money…..sad, very sad….and you attack those (not me I’m a fake) who do make money…sad
POST YOUR TRADES JJ.
jj Birdman reminds us that the love of money is the root of all evil. You’ve got to be consistent. Besides BM is truly God-fearing – NOT!
WRONG!! it doesn’t have to be evil, you win the lottery of $100mill…you going to share that with the less fortunate….I would…so when I have a great year TRADING the pm’s sector I give back every Dec…mostly to the dog shelters….dog spelt backwards is god, lol
Sure you are JJ…share it all. BS
FIrst off telling people what good you will or
won’t do is only making you look like a fraud.
People will know you by who you are not by
braggin or this case puffin yourself up.
You give, because you want to give. Not by announcing
it making one self look good.
So its all by bad intentions any giving or talking
about it.
ITS ALL TO MAKE YOU LOOK LIKE SOMEONE YOUR NOT.
Guess what. …no one is good !!!
Sorry HH you’ve mistaken me for someone who gives a rat AS$ what YOU THINK ABOUT ANYTHING…….!!!!!!!!!!!!!……..I could careless…go read the bible goof ball! and leave trading to those who’s testicles have dropped….while you dance around with your cheerleader outfit on…buy.buy.buy…..good grief!!
I read the bible JJ because it tells me who is
a fraud.
You see JJ, I’m not a good person. No one is.
That’s why i repent my sins daily.
Reading the bible you can discover many things.
More importantly who we really are JJ.
JJ, I hope you take the conversation with HH as entertainment only, I find your input valuable as I am sure others that don’t bother to post find.
I gotta admit Birds comments can be better than yours, I sometimes get the “belly splitters” from him.
Anyway, I hope you don’t get too “ticked” off, your contributions are valuable.
I feel like Im in the middle of you guys, longs and shorts, I buy physical, guess Im loosing, oh well, maybe I will make it up in trades, not short right now, decided to attempt to catch a bounce.
bb I’m guessing your buying some physical on a monthly basis and its what 10-20% of your portfolio…that’s great
Yes that’s correct I did say that’s great as your not up to your eye-balls with 20 jr miners like your a fund manager or you’ve mortgaged the house and are well long pm’s
Depending on the devaluation of the Euro$ and then the Yen as Armstrong has stated which I should add is not his opinion but his zillion$ computer system that has correctly called the past 3 years that I’ve followed him we could very well see R. Ackerman’s $800 gold and $8+ silver targets
Armstrong still has a $4-5000 gold call when the world loses faith in global governments, not on the US$ going to zero or hyperinflation but a hedge against global governments
Where are the Europeans and Japanese going to go as their economies implode…US equities and the most liquid asset on the planet of which BIG money needs…the US$
I’m NOT a goldbug or a gold hater, I’m a trader
Good luck bb
Im actually about 5-10% physical of investable income, on a monthly basis.
Gold, got all the silver I wanted, more than I can carry I figured was enough.
Probly more than any other kid on m block. lol
I tend to agree with your thinking, we should drop a bit, maybe Docs right, Nov- april, then we should head up again. Just a guess of course, but from what I read it looks logical to me.
I find jj’s input to be worse than useless. Who needs such a twerp flitting around here just to make trouble?
JJ, I agree with bb’s comments that your input is valuable, and I hope you continue and don’t let others’ reactions “put you off”.
For HH, and other people asking JJ to post his trades, I will say that what has happened to PMs and PM equities, and also to conventional equities the last 3 years makes it clear which people have made lot of money – those short PM and long conventional. From many many months ago it was clear to me what JJ’s position was. Why should anyone post trades beforehand unless they are charging us money for the advice?
Who knows, maybe other people will be right in the future, but in the recent times JJ and Birdman have been right a lot. I only wish I had the mental fortitude to short more, but it makes me very nervous. So I mostly have just stood on the sideline with regards to PM and oil, even though I felt sure I knew what was coming.
Anyway, JJ, please continue to give your views, and thanks!
jj is not “making trouble” he is pointing out savvy investment opportunities.
Ever notice those that have issues with jj or bird are always the same people?
Seems Armstrong and Norcini have been much more correct in their thinking than kwn guys for example, sure, bounces can be profitable but a lot of people are not glued to their screens.
Gold will turn, at that point when they go long I doubt they create as much “trouble”.
You’ve got it wrong, bb. Bears don’t bother me at all. You’re obviously oblivious to how combative these guys are (especially Bird, of course).
Today, jj started with this: “Matthew gold as an inflation hedge, really?…gold in 1980 was $850 the Dow 750 at their highs the % returns were 125% for gold…Dow 2200%”
So jj asked a dumb question (rhetorical or not) and I took the time to enlighten him, if possible. What was his response? This: “Sorry Matthew I too busy making money no time to waste ……”
That, bb, is a trouble making twerp with no ability to defend his Marty’s claims. You see, this the great MARTIN ARMSTRONG we’re talking about here. How dare I contradict his opinions?!
JJ made no attempt to come up with a thoughtful or thought-provoking reply. He couldn’t refute my comments so he decided that I must be wrong due to my ego. Blind followers can’t be reasoned with.
Andrew, there are many ways to view the creator. Creatress?
Love is the fabric from which all realities are woven.
God is love? no? He in me, me in you, etc etc
No love, no god, no existence.
Well, we all here, Bird too
No matter how we se things, all are a part.
So much for blabbering.
my blabbering.
Testosterone is the root of all evil in the world. Unfortunately it’s also necessary for the propagation of the species…
I would have to say that ignorance is the root of evil. Testosterone is more of an amplifier.
Here’s a truce for you JJ
I tried this several times before without success.
Lets all be good friends and not push our views
on anyone else.
Start attacking posters comments constantly is
unacceptable.
KEEP POSTING JJ… without offending and attacking.
I’m not innocent but we can all do our share.
OK, you too Bird.
No that’s when the Bird goes quiet HH. Remember he’s never ever wrong!
Yes Andrew, but we need to try and invite good like you always do.
At the same time avoid abuse. We are all human, Christian or non Christian.
We got bears and bulls, doubt if we can ever unite.
I’m not going to capitulate. Ha ha its either them or me.
NOT ME, or you brother Andrew… they gonna have to pound sand ..lol
I know HH. But ever tried reasoning with an alcoholic? Occasionally he admits to being stupid. says he’ll go on a programme, etc. One hates to see a compulsive man/woman walk over a cliff. But when folk prefer the darkness to the light there ain’t much one can do. I know you’ve tried before just as I have with an alcoholic ‘friend’, who right now is on the mother of all benders. So sad.
a good for one right now would be 1 Timothy 6:6
Well revy why don’t you find a mirror and have a good look…occasionally admit to be stupid….walk over a cliff….darkness (oh my god a gold short…the devil no less)
You guys remind me of the frog sitting in a pot of water as it boils, he’ll never jump out until he is cooked!….you guys are the ones who are in denial with your long only positions that hasn’t worked in 4 years!!!
Best you start drinking,lol
Alcohol is as worse or bad as drugs.
Andrew, can’t agree more.
I will never touch another drop of alcohol.
Its totally against the spirit of God.
However, I will try my best to love them.
Almost impossible sometimes.
Lots of bad hair days…lol
JJ..enjoy the world.
My faith is in The Kingdom Of God.
What ever happens to me here doesn’t matter.
My life is eternal and soon i will escape this tent
i occupy.
THE WORLD IS YOURS JJ AND EVERYTHING IN IT.
if that’s your choice
“No that’s when the Bird goes quiet HH.”
—-
Absolutely not true, Reverend. I have been unable to access this thread since yesterday or I would have had plenty to add. My lack of contribution is related to technical problems that I have no control over.
PS: I still think you are a Turkey! 🙂
watch silver–someone has been using a lot of ammo driving silver down taking the ammo away from driving gold down. Or focus. Would like to know the reason silver headed down–lots of eagles were sold monday.
the only legit reason I can think of is industrial use down
original jj – what do you mean my investments haven’t worked for 4 years (3 actually)? IF they were investments I’d agree. But as Al repeatedly reminds us PMs are for some of us insurance, which in the event of a pay-out in the near future only comes a bonus.
Take care and the name’s Andrew not revy!
Here is a link to Bob Hoye’s latest article…..go ahead rip him apart too all you goldbugs…he’s a fraud as well…lol
I will buy the bounce when it comes………and every other bounce on the way down to Ackerman’s $813 gold $8.77 silver…but he’s a fake as well right!
http://www.safehaven.com/article/35318/exuberance-divergence-volatility
Just a tip, JJ……sarcasm does not work on this thread. Guys like Matthew are very manipulative. He will wait six months of so and then quote what you said out of context where you wrote “Ackerman is a fraud” (for example) to make some idiotic point and make you look bad. On this site you must say exactly what you mean, not the opposite of what you mean, because they use your words against you later.
Specially for you jj. Oh but I forgot you hate all things to do with KWN.
WHY do you continue to follow those that have been 110% WRONG regarding the US equity market, gold, silver, US$, inflation….WHY??
Revy don’t you want to make money and give it to your loyal brothers and sisters in need?
Definition of insanity Doing the same thing over and over again yet expecting a different results…that’s you revy
Andrew…ignore JJ
gold is going to explode. The article is correct.
We have the pefect storm and they need to crush
all longs in hard assets before the huge lift off.
Very serious times coming.
JJ, are you aware that KWN had a piece by Yamada in which she said that the bull market in gold is over?
Only a complete fool would lump together a bunch of completely different guests.
Yamada is full of crap too. Most likely.
btw..yamada has had a lot of bad gold market calls in the past.
Did research on her Miss Guru she’s” not”status.
No gold guru at all. Far from it. Maybe she will get lucky.
She was wrong at the December low too; just like most chartists.
We all know about that Yamada article. It is famous on KWN as being just about the ONLY bearish article ever offered. Stop trying to pull the wool over our eyes. Do you think we are all as foolish as you?
So you speak for everyone in your asylum? :\
We are all inmates in big Al’s crazy house. Even you.
Okay you guys have beat me up so badly today all leave all you egotistic bible thumping morons alone…
Matt you are a trading GOD why do you even bother to come here and post?…everything you do turns to $$$$$ my god you are amazing, amazzzing!
How big must be your ego be to diss Martin Armstrong…Holly Fck!!
You don’t rate to wipe his arse……..you must be a politician, lol
See you chumps keep buying you’ll be right eventually and oh every big move down when your holding your balls think of me cause I’ll be making money from the short side….and although Matt will nail the bottom to the penny and the top to the penny years from now, well I’ll ride the second wave as well.
What a complete waste of my time today was………..
Rick A may God shine his light on your golden chart highlighting $800 and may his light shine on your $8 silver target my brother in Christ….keep the faith in God going forward and all that stuff, lol……I need a drink!….no Kool-Aid please!
Enjoy your day. .JJ
One big happy family here :◆}
as long as we get a nice rally here all is good!!! I think they hesitated due to job day, so as long as the # isn’t over 250 we should rally perhaps after final smash..if not and we get sub-200, my bet…rally should start slow and we pick up steam and by end day it will be clear we don’t go to 1180 just yet
Very dangerous to worship Armstrong the way you do, jj. Martin, himself, has warned that HE is not so great; it’s Socrates. Armstrong’s opinion about gold and inflation is HIS, not that of Socrates.
Now put down YOUR Kool Aid.
Furthermore, is everyone’s honesty a foregone conclusion to you? How do you know he isn’t compromised in some way? His lame proof that gold is not an inflation hedge makes me wonder. You should be embarrassed that you bought it. I guess you’re just too busy makin’ money to educate yourself… 😉
Good grief JJ……who are you trying to convince that metals are going down……we get it…what will be will be………chill out man…..
Reading all the comments in this, it seems to me some of us need to accept all perspectives, and stop the attacking of others. In order to form my decisions, I like all points of view. But it is very hard when I have to wade through a lot of “garbage”. Perhaps I just need to learn whose posts to ignore, and whose to read.
Al and Cory, what do you think? I appreciate your efforts with this forum – it must be a big headache at times. I just do not want to see some people pushed away because of the attacks. Thanks!
Everyone,
I still maintain that big picture the big investors in the West are still not concerned much about price inflation. Look at Treasury yields, look at TIPS spreads. Look at how Europe is slowing down badly, and U.S. data is inconsistent, too. I still see at best a very slow growth environment. So I just cannot foresee much price inflation, and without that there will not be enough demand for gold. Look at corn, wheat, soybeans, crude oil. Heck, look at copper – almost went to a “2” handle.
Question is, what will change this, and when? I just do not know, but hope to be nimble enough.
The jobs will be ok and will trigger the 1200 break to the downside..
I believe this will be the catalyst to triple bottom.
Matt is maddallas still leading me with the closest call to the bottom?
He said 1224 and i said 1280.. So far its reached 1203.. I guess he has me by 2 points lol..
Maddallas are you around?
What is your latest predictions?
Sorry I think it’s Dallasmad.
Sorry matt i meant 1180 lol.
JJ/Birdman. Apreciate your excellent insight.
Thank you Biggus. I appreciate your comment and many others I read this morning.
Andrew De Berry author of A Candle for Lucifer: An evil vicar beyond redemption?
HH…..Yer heids mince man.
Thank you Biggus
We need to get together sometime. Just me and you.
uh ha ha ha…you have my blessings though.
BTW…you look good in the gold bear suit I bet.
You will look even better in it at gold 2000. Just
like all the perma bears who declare victory right
now. Of coarse their going to be right if gold goes
down. That’s all they know. They will never participate
in the fortunes to come.
NEITHER WILL YOU BIGGUS. you keep listening to BS
So, Biggus..you trust Bob Hoye ?
Think I’m just a gold bull without merit for higher prices.
Reconsider Biggus. Gold has a big future and Bob Hoye
is very bullish as of today.
goldseek.com ..hear what a guy that knows his business
more or less. I trust Hoye on this analysis. Not sure about
anyones exact timing but the future has never looked better
for gold. Otherwise, you can believe in all the gold bear lies.
They, all the lies are just waiting for you on this blog Biggus.
No gratitude needed. How about a shot in the foot. I’d expect
it from you. Hope you do well Biggus. I’ll accept your curses.
You know why ? That’s on you. I have always rise above evil.
The more bad you wish on me, the better i will succeed.
This won’t be the last time either. My best to you though Biggus.
Some great thoughts on here today,
Some great laughs also.
Obviously ‘Paddy Boy’ has once again forgotten his med’s though,
…..but that’s no surprise !
Cheers.
Ha Ha! I forgot all about Paddy Boy!
There goes $1200
lol @ gold bulls
Isnt Docs call a tradable bounce about 1180?
Gary might have said sumthin like that too.
I called 1179/1180
I’ve taken the lead so far lol
Gold may test 1000 today. Rates to go up sooner than expected too. Not looking good near term here guys. 650oz call I read about yesterday might be right.
I would be willing to put a shekel or two we don’t see $1000 today.
I would make that bet with you. But if it happened it would be a hell of a shock! Hey bb, looks like Jeffery Currie over at Goldman nailed this one almost perfectly. We are only 50 bucks off his year ending estimate. Nobody else even came close (except me of course!).
You watching the dollar by the way? Major move towards .87………And look Ma….silver is going bust again too with a crazy spike down to 16.64 that should be ripping the beating living hearts out of the longs. Ouch man! Love hurts.
Is anyone familiar with hgd?
I was wondering how it compared to options on the U.S. markets?
Sure thing bb. I used to trade that one often. It is a TSX listed ETF with 2X leverage to the S&P gold index on the bear side. I called it Horizon Gold Down although that is not really its correct name. HGU would be gold “up” in my little world. Since you are Canadian it is easier to trade without worrying about currency exchange differentials. What I mean by that is that you are constantly watching the CDN/USD exchange rate when trading the 3X ETF’s offered stateside. You can make a killer trade only to find you got screwed once the proceeds get converted back to Loonies depending on the days action. Just a thought for you.
Thats one reason I don’t use the American markets, a bigger reason for me is not wanting to deal with the American taxes, or their government in any way.
But thanks Bird, I thought maybe I could be missing something.
bounce at 1180 to make bulls think triple bottom holds, bounce it weak and pathetic as we only will backtest $1200-1220, rollover again and head towards $1100-130
$1196 now….you getting nervous?
Wheeee! Feeling good over here Superman. Still early though. The dollar is on another mighty tear this morning. With 1200 broken there is absolutely no doubt we are going to see 1180 and lower though and I don’t care if this is during the overnight session nor that it is not a closing number. Bulls are in flight again! Chase them!!!
Well, maybe I should have shorted with hgd yesterday, thought I would keep liquid for the bounce around 1180, wasn’t sure about % gains from 1220 to 1180 using it.
One thing about markets, miss one trade another comes along right after it.
Kinda like card games.
Man, that is so true bb! I really appreciate you wrote those sage words. We should never regret missing a trade others caught because there are so many fish in this ocean to fry. Chasing stuff late does not pay. Just sit and wait until you hit your comfort zone and do your own thing. Seems the hardest part is tuning out other guys throwing sand in your face for all the great trades they claim they made. During a gold bear no less! Afterwards though you sometimes find out they went bust with stupid gambles but never told anyone.
HGD was good for a one day gain of 7% bb.
James, how the h@ll did you see 1196 before I did? I have the live gold price on my pewter, or was that a prediction at the time?
Not really james buying opportunity of a lifetime
lol, i covered my shorts at 1198.i hope I can catch a bounce and short again
You taking an interest in Platinum and Palladium, Superman? I recall not so long ago listening in to interviews about how supply was down and prices had a stellar future. It was all over the internet. The brokers were pushing. New funds were started up.
I was not buying then because it is not my interest but I sure as hell am glad I paid no heed to the “experts” who kept encouraging now is time to buy. Look at their charts. It is a bloody red MURDER!
Demitri Speck interview on kitco, was saying platinum as well as gold silver is manipulated.
He says they use the future markets.
Sour Grapes. They only say that because they made mistakes in their analysis.
Maybe Bird, but how about lowering the price of oil, makes sense it has to do with hurting Russia, I guess it can be argued demand has dropped too tho.
That is a good point except it does seem weird oil demand would fall this fast and furious. We are below 89.50 today already after an 18 dollar fall in the past 90 days. That is just huge. Who could possibly have enough money to drive down the whole commodity sector? I mean, it was perhaps plausible if it were just gold….but this is almost everything and that is another kettle of fish.
Bird, I read an article the other day on 321 gold, why the Chinese think gold is the buy of the century.
If you get a chance take a look at those numbers. the Chinese alone have 4 trillion to work with, they could buy up all reserves on the planet without a scratch.
Its a lot of moola they have, and that’s just the Chinese, now, is it all the same bank?
If it is, the price of everything can be put exactly where they want it at any moment and they have lots and lots of change to go out to diner with.
Anyway, you will find the article at least interesting Im sure.
I won’t patronize that site. Not even with a single click. Bunch of anti-semites with Bob as their leader. Thanks anyway. They have nothing to offer me.
Good work James. Hey, you think Matthew’s fan club is still alive? Last I checked he seems to be down to just two followers. All going broke together I imagine. And it proves again an age old saying in the market war rooms that you MUST NOT read your charts upside down!
Just bought more GDXJ. Hope the bears can run stops at 1179 gold today. Will buy more miners if they do.
Going short now is like going long in August, 2011 —a Bird(man)-brained idea.
A short yesterday is paying off today. about 6% up right now.
This bear trend has paid extremely well, Matthew, You should be smarter than that. How can you even criticize these kinds of results? That is so ridiculous it boggles the imagination to attempt to understand how ill equipped at trading you really are.
James when do you expect to go long? or you only play the short game?
I don’t really follow the $ Bird, might look here and there but basically watch the stocks interested in buying.
Yes, goldman has been accurate, why shouldn’t they be? they are part owners of the fed no?
Currie was reading the charts and doing his own technical’s, bb. Look, I don’t put much stock in the conspiracy angle. Here is why…..I don’t work at Goldman yet I had also come to the same conclusions where gold was concerned. Basically this was all about the Dollar/Euro relationship and that was indeed predictable. And I am not bragging either because I don’t think I am special. It is just that I read the tea leaves differently. That’s all. Maybe I just got lucky. Now with a rate threat on the horizon there is even more pressure coming. And don’t forget that Mr Draghi has warned this past week that the new ECB buying program will take place across two years (which I had also predicted) so we can probably feel confident that there will be pressure on the Euro for a very long time. The biggest steepest drops have probably already taken place though and it could be many, many more months before parity is reached if that is the intention. We need to now seriously ask ourselves what this all means for commodities as a whole though.
I know you have yet to aquire your tin foil hat, but I totally love the conspiracy stuff.
So, I see goldman and the fed as connected, the banks started the fed for the profit of the banks, there fore, goldman is in an excellent position to predict which way prices are going.
I understand your excellent in your reasoning and you find your conclusions the way you do, I love it. But my thinking that goldman would be accurate was correct too. no?
I just think its all the same bank and there are people in control. George Carlin agreed with me and he had to be right because he was a comedian. More accurate I agree with George Carlin, maybe I ust respect comedians more than I do polititians etc.
I am not sure Goldman is willing to share the profit with the public. It hasn’t done but maybe this is the first time. We should stop calling it vampire squid.
Lawerence, its a funny thing alright, I wonder why myself, but follow their calls for awhile, youll see what I mean.
Viewing another way, goldman knows exactly what everyone buys and sells and where every stop is put.
They know how much silver (for example) is ordered by every manufacturer on the planet a year from now, they know exactly how much retail buyers will buy etc.
Why wouldn’t they be able to calculate the prices?
We gotta remember, these guys have been at this for more than 100 years now, that’s a lot of experience.
Assuming its all the same bank of course. I just think it is.
Yes, I agree. But what is their motivation to publish the real price projection? It will be beneficial to keep it private so they can maximize their gain. They used to sell what they recommended to their customers to buy. It is good to know GS has lower price projection though. It is why I keep some cash on the side. If their prediction is right to a certain degree I can buy cheap. If they mislead people, I don’t miss the opportunity.
There are some big players out there.
You and I might make a little, those guys can make literaly billions, there is nothing saying they are not just giving direction to other parts of the same bank.
Maybe easier than conference calls maybe?
But they could care less if you and I make money, they are in this game for decades and centuries.
Funny, a few days ago there was a big revelation in the news there might be collusion between goldman and the fed.
Senators just realising it, or congrassmen maybe, forget exactly.
I just thought it funny how uneducated some of these people are.
Not funny really, scary actually.
Lol, no thanks on platinum, unless I dig it up myself or given it as a gift. Same with palladium. If we break $1192, we will head to $1180
Lol, who is Matthew?
seriously
I ask that question all the time. I even asked him once!
James, that’s the right attitude. Why the Bird needs to bring me up all the time is beyond me. Seriously.
Good point Matthew. I am bored with you anyway. That’s enough unless you start to dig in and start constantly invoking my name like you were doing yesterday.
This started (AGAIN!) when YOU attacked me because of some charts that I put up the other day. I will “invoke” you miserable name each time you resort to your BS (if I feel like it). Your supporters are as sorry as you are for having no problem with your sorry ways.
good grief. Charlie brown.
You said it. This guy has been smoked out of the woods once and for all and proven to be a long-only gold/silver/miner pumper. He has got to be the WORST chart guy I have ever read. Nothing he wrote in the past month even came close to his suggestions of imminent bounces, final bottoms, upward turns, V-shaped reactions, technical supports or anything else along those lines. It was just blah, blah, blah with chart after chart day after day to lead everyone astray and try to suggest the lows were in and NOW was the time to buy. He even wrote “Now is the time to buy” for gosh sakes!…..want to bet he would like us all to forget those words?
You’re lying as usual. I never mentioned “V” shaped anything or “final” bottoms. Yes I am a buyer today. I buy AND sell in multiple tranches. Only the Fudd class of investor, including psychopaths like yourself, go all-in at one price point.
Notice that at the last low in June, not one commentator here, guest or blogger, ever said to BUY when it MATTERED, if at all.
Boy, you sure have worn that sad excuse out. Said it almost a dozen times already and it is still wrong. You must be living in the twilight zone. When will you admit the bears have been right for three long years buddy? You still waiting for that big bounce I suppose. You don’t believe in “V” bottoms but you bought anyway. HA HA HA HA!!! So is a “W” good for you or maybe an “L”…….. hey wait, how about a big fat “F” bottom.
F is for fail.
Reshorted at $1195, saw a bearish x over in progress on the daily gold futures
Regarding the EURO, France is bankrupt and part of the Sovereign Debt Crisis comes when a government has to roll its debt and there is no bid. Next year, France’s President Francois Hollande must face a budget deficit along with the country’s biggest-ever rollover of existing debt in history. If there is no bid, we are looking at a crash in the Euro to perhaps par to 103 by 2016.
Hello $100-$105 US Dollar by then
Europe is in economic trouble and they are unable to implement joint rescue measures either. Draghi can only talk. I can see very obvious economic hardship in Italy during my summer visit. French looks much better than Italy. I think it is up to Germany to submit to the pressure otherwise Europe union project will result in failure.
Gary,
Thanks for your comments as usual. You may be on to something. Im looking for a big take down towards the close and into the weekend.. We either go higher tomorrow with a slight possibility but im saying sometime next week. I had a reversal first two weeks of october. The only difference gary between are views is i don’t believe it rolls back over. I could be wrong. This is total capitulation this last few weeks.