Thoughts from Doctor Postma
Click download link to listen on this device: Download Show
Gabriel,
I believe that just about the time you think that you don’t need it you will.
Great point, Al.
We are going to take out the lows, Al. Absolutely no question about it. Long terms support at 1200 will fade fast once these declines have completed and we are then looking at 1100 as the next major round number support.
As I have mentioned a few time already, the length of time it has taken and the number of times we have struck the 1200 line means that breaking above that later will be a real challenge once it becomes resistance.
So we can mark this one in our notebooks. Gold will need something big to make it move up later down the road.
Meanwhile, keep a wary eye open for marginal producers that have no hedge on their books. A few have made mistakes thinking we were at the bottom. We are NOT at the bottom. Its nuts how some of those guys run their companies.
Of course it is nuts!
Gold bulls dropping like flies.
http://www.youtube.com/watch?v=dXBUdCvqpNg
The last of the Mohican’s. Extinction of the Gold Bug.
The tree has been shaken.
The tree stump is gone too.
RIP…
So I guess some are saying that if we don’t hold above crucial support levels Rick Rule and his technicians will be proven wrong? We will see…
What are the technicians saying?
I guess, Confused.
Trust me I am also to a certain extent.
I am a gold bear/bull bug and both of my positions are getting squeezed by this tight range trading.
The only way to take advange of sideways markets
as they are difficult is …to sell and call and a put.
Collect the premiums. This is what the banksters
are doing. Last 5 months making billions selling
derivatives in the metals in both directions.
SPY products too. They area cleaning house in
all markets. Collecting premiums and the suckers
keep taking the bait.
Ricks…..ruler is way off. The salesmanship continues.
He sounds like a pretty level headed guy to me. That’s why I was wondering what his technicians are saying since Rick sounds very realistic about the future of metals. Not a pie in the sky perpetual optimist like some of the gold folks.
Rick has been sincere in some ways. He’s still wrong. Listened to
his interviews and was proof positive gold was going to make big
moves over a year ago. Never happened along with his smart money
spin was entering the market only to fad off and disappear. Wrong again.
Smart money was going to make a big difference. All dead end roads.
There was a time in early 2014 that I also believed we had seen the bottom in gold based on the chart and how metals flew higher for a couple months. Rick was not alone in expressing optimism then.
All demand was met with available supply then, as it is now.
Price could continue to drop until we reach equilibrium.
If all demand is met should gold hit $800, lower numbers would come into play.
Still think the Chinese increase buying at about $1000 tho, I think they’ll use a lot of those American dollars they have in reserve, but if supply is no problem at that point, Harry Dent could be lookin kinda genius like. lol.
So called experts missed by a long shot.
All now in the hall of shame. Tons of them.
KWN….the list is a mile long.
There were some misses there, Heavy!
Yes Big AL and can’t mention the names as the list is much too long.
Like you encourage try and be humble and polite.
I’m tryin !!! : ) J…would be proud.
🙂
STOP WORRY AL ! YOU CAN HAVE a Stroke ! https://www.youtube.com/watch?gl=BE&v=Gkgw5GAl3og
For the last year and a half the “Ruler” has been right with his “saucer-shaped recovery” theory. Yes, he is a salesman; just as the people at Gold-Sack paper seller are saying sub $900 gold is just around the corner…for 18 months now! Time will tell who’s call is right but so far the uber-bears are losing. We will see.
Confused, sorry have to disagree. There has been no recovery and
if it has been selectively few in regards to gold mining companies.
Has not been broad based and gold is lower today and silver than
in Dec. 2013 lows.
Thats not a recovery. Ricks….ruler needs recondiioning. The new
paradIgm seems to be the future. The war on cash and the metals
is quite obvious. Operation Choke Hold etc.etc. is not positive by
no means. IMHO….that how I see it.
I believe we will see requirements for new I.D. for
all transactions buying, selling, commerce, employment,
travel and eveything. Its already in the pipeline here in
the US and probably the entire world will be on a I.D.
system that does not allow anything outside the system.
Coming very soon. Also, you will suffer heavy criminal
penalties for trading outside the system if apprehended
and caught. New employment opportunities in under cover
agents is going to be lucrative. $ Hey, you got a job.
I hope and pray that you are wrong, Heavy!
I agree Big AL. The trend though is going
in that direction. Unfortunately !!! 🙁
The good news is, the washout is finally here. Soon the bottom will be in and the shakey miners can go belly up. It’s good for the goldbugs. Not buying the dips, buying the bottom.
Been a long time coming!
Hope your right. Don’t want to end up like
this guy.
Well okay!
HEAVYHITTER !!!!!! https://www.youtube.com/watch?v=rdVAgYS9enE
BOB ! STILL LOVE GOLD ! JESUS LOVE BOB ! https://www.youtube.com/watch?v=FgCMZ6gdX0U
YOU THINK YOUR SAVE AL ! GOD CAN COM ! https://www.youtube.com/watch?v=CE0Q904gtMI
Poppin like a needle in a new balloon. OK
Cool is the way…franky. 🙂
Golden reflections in a beautiful princess… franky…
ok…better than gold 🙂
Agreed Chartster
Commercials on the COT report show a decrease in short positions in the PMs. We’ll move lower next week and it’ll be interesting if the shorts on next week’s report are decreased more and if long positions are put on. We have to have a bounce in May. If we get that, the summer months are going to be interesting—-we have to get through them to keep the lows in .
I would say they are betting now on gold moving higher in the fall.
It is truly amazing what can be done with endless printing of money. It appears you can fix a broken economy with no jobs and 50 million on food stamps with endless printing of money.
It is getting harder to keep the Gold faith. How do you fight a printing press and a U.S. Military Insurgance Army and Media Propaganda machine like this? I think they can do almost anything and get away with it by printing more money. Nobody seems to care that they are borrowing Trillions each year with no hope or idea of repayment!