The Doctor Is In and LPG is Visiting
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Jim SInclair says gold may go to 50,000. That should get NEM to 50.
Peter; I apologize. I mispoke. I feel the odds are in the current run, we could get to $1380 before we have hardcore resistance. Once again, I apologize for The $13800 reference.
Considering the deflationary pressure that gold is facing you are way too optimistic regarding pms.I respect your opinion but if I were you I would show some technical proof(ewa)that the bottom is in so the people could judge.
Gold is acting as a hedge against government.
http://armstrongeconomics.com/2015/01/15/gold-the-january-pop-on-schedule/
Doc
No need to apologize looks like a freudien slip no 🙂
lolol
Peter
I have never heard him say $13,800.
Doc said 13,800 gold at 56 seconds into the program. It was a slip of the tongue, but he could be right.
Thanks Bonzo.
Of course it was a slip of the tongue! My hearing aid is not working properly!
One can hope, BB, one can hope
Al go back and listen to Doc at the begining of the audio
Peter
DOC ? ( 13.000 $ ) You need a holiday ! Diss is coming to EUROPE ! ONLY GOLD ! https://www.youtube.com/watch?v=pA-4JBiSxPg
Okay xing, another funny!
Parody goes to the winner (;-)
Sideline Big Al
If you guys have been saying that 2015 was going to be defined by a black swan event then it is completely illogical to advocate being on the sidelines.
Think about it.
Peter
At this moment in time, of course you are correct!
I misspoke on the thread. The current move by gold has a chance to take us up to $1380, not $13,800. However, I’ve said in the past that I’ve felt this gold bull market (before it’s over) has the possibility of taking us minimally to $8000.00.
WWAAAA WELCOM RICHARD ! https://www.youtube.com/watch?v=sr0gNJ090JA
How much time do you spend ferreting this stuff out!
AL HOW MUCH TIME IN DISS WORLD WE LIVE ?
NICE SWAN DAN !
RICHARD………WHAT IS YOUR TIME FRAME FOR $8000? Thanks…………….j……..
Doc:
I appreciate that you call it like it is instead of hedging so much like some of the experts. I agree with the ‘bottom’ statement and looking at the miners today, ABX up almost 9% on 20,000,000 shares. Even NEM is up almost 10% on decent volume.
GG is up almost 12%. That’s some serious money in my book. I’d like to see HUI hold 90% of its gains at the close and at a minimum, not fall tomorrow. Follow through is everything!
Very interesting comments LPG. It wouldn’t surprise me if the SNB does just what you said it could.
Oh, almost forgot, +1 😉
Hello Matthew,
We’ll see if my suspicion proves correct. Time will tell.
So I guess this specific +1 can wait a bit 😉
Best to you,
LPG
Hi Doc,
yesterday you said that you saw the gold stocks probably moving sideways to a little down because of the stock market pressure. do you still see that being the case?
Glenn and Matt,
good call yesterday from both of you. Glenn you have been calling for a move for minors up into mid January and then down into the end of January do you still see that? and is possible that it could line up with Docs assumption that the miners could experience pressure due to the stock market. Matt -would like to hear your comments on this as well, based on what you are seeing. Thanks in advance to all
DF, some of the PM stocks I hold look like they’re ready to go into hibernation for awhile—-they’re up against some pretty good resistance. Some others still have momentum in their favor.
Doc,,
Well said! I very much agree. Some still need to play catch up while others need to soak in there big moves like iamgold.
Doc Fan,
Always nice to hear from you! Currently im tracking 2013 close into january and see much similiarity’s in price action for gold/miners. So far on target with what I have said and currently im still in with both long term and short term trading portfolios.
Recap of what I think “May happen”.
1. Miners move up tomorrow and into 20th possibly 21st confirming the gains are for real and confirming HUI breakout of 200. At that point im expecting a correction into ecb. Maybe gold at or around 1285/1320.. Leaning towards 1285 as there is a big consolidation zone there that I believe will give us that 5-7 day back and forth volatility that gold/miners will need for next push. So basically that one week would put us into fomc date. I believe at that point with gold 1285 and hui around 198/200 will commence there moves higher which will be 1350 gold and hui 250 by first or second week of march.
That’s my game plane and im here to share with others?
LPG,
Nice to put a picture to your writings and voice 🙂
Handsome man HeHeHe lol…
No but on a more serious note I agree the fix is in and im quite confident we get the stimulus we have been waiting for on or after 22nd.
OMG LPG,
That photo of yours absolutely floored me !
I showed it to my 3 youngest kids who were home at the time.
They all thought it was a photo of me before my hair started to get the salt & pepper look it has now.
When I told my wife of the similarities & showed her your pic she was speechless (which is a first !)
Who is it she asked?
I told her your name.
she then laughed & said…..”you even both share the same middle name”.
lol Skeeta ! That’s funny.
But please note I don’t have a middle name – so we can’t be sharing the same one 😉
Best to you,
LPG
Is Patrick part of your first name then ?
It is Indeed Skeeta.
Best to you,
LPG
Well at least if we ever get the chance to meet up….we will both know who to look out for !
Cheers.
Read your last comment. Funny again.
Imagine if there are mirrors around. Could become really confusing… 🙂
Now the really spooky thing would be if our wives also looked alike !!!
Best again,
LPG
LOL
Ok Glen, which one is you?
http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2009/7/30/1248967479524/Glenfiddich-whisky-001.jpg
lol, million dollar picture..
How about we make it the new and revived three muskateers in that picture?
lol I hear them whispering we outsmarted those other four hehehe..You know the sideline people.. Just a little fun guys:)
Matt
Glen
Peter?stewie?LPG? “Only room for one more lmao”
lol Matthew !
Nice one !
The odds are very good that we have a pullback in gold tomorrow or soon thereafter. Right now the technicals are showing it shouldn’t be more then $12-15 dollars at the current level.
MA….
Gold – The January Pop – On Schedule?
Back in December, we warned that gold would produce a pop and that the main resistance was in the 1250-1275 level. We now need a closing ABOVE 1250.50 tomorrow to confirm a further advance is possible. This is part of the interconnections. This forecast for a pop in gold into January was not “opinion” and it most definitely was not based upon any fundamental. Gold was basing even when the dollar was rising because the capital flows were sensing major problems in Euroland. I have warned that gold is NOT A HEDGE against inflation, it is a HEDGE AGAINST GOVERNMENT and that is what we are watching – the European hedge at the moment against the collapse of the Euro. In this context, gold and the dollar can rise together. Gold is not only a dollar influenced commodity.Hopefully, people will start to notice that it is futile to argue against me when this is not my personal opinion. It is irrelevant as to what anything “thinks” v another or to pound one’s chest that they are right and everyone else is wrong. This is about reaching a new understanding that weALL NEED EACH OTHER and the free movement of capital is essential to world economic growth and sustainability.Raising taxes reduces disposable income and that canONLY reduce economic growth. France with its insane 75% tax rate sent hoards of French to move to London abandoning their homes in Paris renting them out really cheap because they could not sell them. This is PRECISELYthe deflationary aspect created by taxes and this is how Rome collapsed.Theories about money supply have misled countless people and most of the manner in which analysis is conducted on a domestic level, prevents us from advancing economically from here. Politicians run promising to change whatever domestically, which may not even be possible given the global trend.
Biggus,
My understanding is that the 75% tax you are referring to will cease to exist on Feb 1st.
Best to you,
LPG
Where is the Birdman these days? I sure do miss his comments.
JJ also disappeared
Maybe Bird is hiding for now because of predictions like this:
Jan. 11
Birdman says:
“…I think Monday will be a strong day seeing stock markets advance and it will be the beginning of a round of declines for gold and silver.”
I said “…the charts say that we should be in, not out!” (Referring to gold/silver and the miners.)
You ALWAYS say we should be in. What a joke. That is not an opinion worth peanuts to anybody because it is 100% a one side trade. It is also frequently wrong. More than half the time wrong actually because gold has until now been in a bear. I may not always be correct in my estimations but at least I put in an effort. Your calls on the other hand are worse than flipping coins so don’t get too fancy with the quotes poster boy or I will make the effort to return the favour.
Hi Biggus, I appreciate the vote. As often happens over here I have again lost all internet service. I think its been 6 or 7 days running with a total blackout. To make things worse, the local satellite owned by the Egyptians dropped Bloomberg Business from its lineup of shows so I am really in the dark. Instead they are pumping out extra Arabic channels which are like Greek speak to me. I think they maybe didn’t appreciate some of the news coverage they were getting. It has got to be politics. They stopped broadcasting MTV too…..just too racy for the locals I suppose. You know, all those bare arms, gyrations and half naked torsos were probably breaking religious laws.
The GDX reversed up strong today on the 13-day Fibonacci step out from 1/2, but it may be just a B-Wave rally of an EW a-b-c decline that started on 1/12. A Wave C pullback to the 1/19-1/20 turn window would be ideal and set the stage for a big reversal up to our target of GDX 28. Trader Jack
I liked this photo on Gold tent paradise ‘Gold bears RIP-with the dates 2011-2014’ on a tombstone.
Already signs of a liquidity crisis in Europe with some Greek banks seeking cash. This could escalate quickly.
Thanks for bringing this up Bob UK.
Just read about this as well… which lead me to think that maybe gold is also starting to reflect this…
Best to you, and thanks again.
LPG
I expected the miners to perform stronger today. Maybe a correction for a couple of days before resuming the upward trend.?
Hey Doc! The DOW/gold ratio is now at 13.72 (daily basis) and just above the 200 day moving avg. (13.57). What a drop!?!
Right Mike! It’s a chart I watch every day. According to the weekly chart, the 200 day MA is going to be taken out in the near future—-the weekly chart doesn’t look healthy and is signalling that things don’t bode well for the conventional market. Also, it’s indicating that gold will be supported for some time. However, it’s not going to take out the previous low anytime soon. We have some work to do for a few months before that happens. But it will happen within the next 5 years when we start our new march toward a 1:1 or 1:2 dow/gold ratio.
I think the “big” bankers in this world know exactly what to expect and are prepared for it.
The world reserve currency is changing, for most people, we get to guess what is best to do. But these guys, they have gone thru this before. They will know the timing for example, heck, they probably know the exact date it gets announced, unless they have decided not even to mention it. We get to guess how they intend to do it.
My guess is the reserve status goes to china, gold should have something to do with it as so many people in the east like gold. That will make it more acceptable and the transition easier.
Doc 13,800 gold?
Peter