This is still a good time to take positions for a bounce in the gold market
Gary is sticking by his call for a short term bounce in the gold market right around the corner. Even with the drop today he feels as though the market will move up shortly. As for the conventional markets he sees a drop coming but nothing to the extent of 40 or 50%.
Click download link to listen on this device: Download Show
Another example of downward manipulation – like clockwork – options expiration.
Guys; (especially Cory) it is considered sophisticated not to talk about manipulation as being the cause behind an ever-sliding POG. When it does come up, as it must, because it is a real phenomenon, it is then considered sophisticated to point out (with only minor validity) that gold is “also manipulated to the upside and gold bugs (being just a little bit little stupid) should realize, that in the end, when all comes out in the wash, gold is behaving as if it weren’t manipulated, as apparently, the manipulations somehow cancel each other out.
Tell us (Cory) when is the last time you saw the equivalent 30% of global gold production bought as futures on a Sunday night in two minutes? Hint: never. What equivalents to the upside can you recall that even come close to the massive midnight raids on gold? Hint: none
To somehow equate the down smashes with the minimal up-manipulation is like trying to hide a cable behind a hair.
Many mom and pop investors have fled the pm markets. Fundamentals don’t matter anymore. Most trading is done by the parasitic financial institutions – algorithms at that! Their preferred way of making money is either (naked) shorting or running stops. The simple reason is that shorting is more effective at moving prices than going long. When you short you also don’t have to put up your own cash, while at the same time, if you are THEM and big enough, you move the price in the direction that will profit you most. The perversity is that it is possible to make a lot more money by driving prices DOWN.
The daylights have been shorted out of mining stocks. It is often said that shorting is a perfectly valid way of trading, because it provides liquidity and because any price drops caused by shorting are reversed when the shorts cover. In a system that works and which hasn’t been co-opted, this might be true. As it is, our system is very much co-opted and operated for the benefit of THEM. We are the sheep and the muppets.
How many people have puked up their shares at a loss because they got panicked? Who is going to be the great beneficiary from this?
Consistent and counter-intuitive shorting, or running sell stops with astronomical sell market orders (naked, as far as we can tell) has a negative impact on market psychology. We have seen this with Research in Motion. When you drive the price down long enough and hard enough, and repeatedly, market sentiment turns so negative that even in the presence of positive news and short-covering, the share prices will never return to where they were. Simply put, the shorting, as it’s practiced by THEM, has an entropic and corrosive effect on prices and confidence.
Cory, if you have paid attention, you will have noticed that the price of gold has not been allowed to rise, even when setups were very bullish. It is our human “normalcy bias” which prevents us from recognizing what is happening.
What is happening?
The message has consistently been “stay the hell out of gold” and people are herded into the “safety” of paper, as gold should be recognized as a “risky” investment and never constitute more than 5% of your portfolio.
The bottom line: anyone who says gold, in the final analysis, is moving down because of ultimately natural causes, needs to do some serious homework.
You are 100 % correct…as an ex commodities broker from the 70’s I saw the same thing although not as severe as now and not as unregulated as now…investors in gold and silver will continue to be taken to the cleaners if they invest assuming there are fundamentals that matter…fundamentals don’t play a role any more…and probably won’t for a long time….
gator is the man……….on the brokerage of commodities………..just do not go out on the pontoon boat with him……………………………………………ootb………ccf
Good comparison. Is there difference between monetary policies now and then?
Fundamentals won’t matter unless a rupture occurs in the system, or THEY want them to matter.
I averaged down on NUGT yesterday. Picked up some $3.85s to average down my $10.50s!!! I’m averaged down to $6.03 now. I should have split my buy between yesterday and today so I could have picked up yesterday’s and today’s 52 week lows getting my average below $6.
Ouch! I’ve done it myself, so I’m not preaching. But that 10.50 buy should have been accompanied by a tight stop. NUGT and other 3x ETFs are for short-term flings, not committed relationships.
Gary–watching the gold miners this morning and although down at the moment, gold miners’ action this morning is indicative of big money flowing in now.
My chart over at Scott has been green on the daily as well as green on the volume.
I asked my neighbor who is a banker if we were at the top of the real instate market in Canada, he said not yet, you will have to see one of two things first either high unemployment or interest rate increases. At some point we will see both but for now the backhoes and the condo drillers are running at full steam ahead. DT
FWIIW, this guy appears to have the same view as Gary with a with around now of $1050 to $1100 and then up to the $1300 to $1350 by the Autumn.
Gary,
I know we are about to get a nice spike on metals and miners. But, did I hear you correctly? Are you saying this is the end of the bear market??
No not the end of the bear yet.
Gary,
I’m interested in taking a position in Barrick as it’s really been slaughtered. Just wondering what your thoughts are on Barrick, as I know it’s one of the main stocks you’ve been watching.
I think Gary is correct on the market of 20% sell off…………….
I think Faber is a salesman……..and pitch man , something like Jim Willie… EXTREMIST
40% down? That’s down around 1200 on SP500? Let’s at least get to 2000 first. That type of thinking can really get one into trouble.
I agree………40% is way to much, especially with the PRINTING PRESS FED…..
Faber is NO jim willie… Faber is honest and as an ausrtian he might be early but he is rarely wrong!!
Willie might be early too……………….
Never questioned Faber’s honesty………..
This is NOT the bloodbath phase.
Nor is it panic selling.
You need to stick to amateur prognostication and not pyscho babble.
There is absolutely NO CATALYST for higher gold prices.
People scratch their heads why stocks refuse to go down in spite of earnings.
It is because stocks are the safe haven play, as perverse as that sounds.
But that is the truth.
What is the money saying?
Stocks will benefit in either a deflationary death spiral or a hyper inflationary blowoff
When gold failed to take out 1800 for the third time we entered a bear market.
I have been saying that all along.
Nothing has changed.
I took a shot at 1212 as the bottom
IT WAS MORE A CASE OF ROOTING IT SO THAN ANYTHING ELSE
I was wrong
It more about hope than sense
no – we have more to go
THE TREND IS CLEAR AS DAY
bounce around in a range for a while, then get wacked down, then bounce around in a new lower range.
THIS CAN GO ON FOR ANOTHER TWO YEARS AS WE SLIDE DOWN TO YOU PICK THE LEVEL
800
500
250
Matthew says were are on the verge of a new era in gold, not just a new bull market, but a new
Era
based on what?
miners never cheaper?
These stocks are cheap for a reason
THEY SUCK
I repeat there is no catalyst for higher gold prices.
Stop believing the gold gurus and shills whose cash cows are fear and pumping a storyline
Gold went up because people feared a $ collapse.
It didn’t happen. Just the opposite.
The storyline is over
Stop trying to be contrarians YOU ARE NOT
No one has a clue
I’ve watched this market for 16 years and get more puzzled everyday
Stay out of its way!
Goldman called for 1000
THEY WILL GET IT
THEY WILL SWEEP THE TABLE!
I haven’t sold an ounce. BULLY FOR FN ME
DONT TRY TO TRADE THIS MARKET
BUY THE REAL STUFF
every ounce of gold (and silver) I ever bought I had a healthy nervousness about it
When I called up my gold dealer and bought large sums of psychical I had a healthy nervousness
That is the right sign
When we get there then we will know the bottom is in
WE ARE NOT THERE YET
Why the hell you own gold then. Sell it. You look desperate.
“Gold went up because people feared a $ collapse.”
There was no fear of a dollar collapse from 2002 to 2008.
Gold has become very unsexy in the West. If reports are to be believed, however, demand for physical continues to run at unabated levels in Asia, with demand outstripping supply. The China numbers of last week should be dismissed as they are totally unreliable.
It’s all quite Orwellian to me. I wish I had never heard of gold. But maybe one day I will be glad I have. I got a fair amount of physical and once you have it, you don’t worry about it.
Agreed OOTP:
Here is an article reinforcing the idea that “Gold has become very unsexy in the West.” I actually like all the negative news on Gold coming out now, as it is putting the ole’ relic back on the table for discussion, and is showing how unloved it is at present.
Opinion: Gold’s slump is here to stay
Published: July 20, 2015
“There is absolutely NO CATALYST for higher gold prices.”
Are you sure? Maybe you should have said “in the current Orwellian psychological environment, no real catalyst can exist, as the world is the most stable and safe place it has ever been, and the fact that trillions and trillions of dollars and other currencies have been printed into existence could not possibly be a catalyst for gold.” 😉
It’s interesting how we can no longer even see the real catalysts that are there, but in the Orwellian world they fizzle like fireworks in a downpour.
Be well…
James, does the debt situation/insolvency of the West mean anything to you? India? China?
I like your posts Jtl.
Sound like Rick agrees with you with his $817.
That Goldman will have their $1000.
I guess that is why NASDAQ rolled over from 5000 to 1/2 that amount in 2000….
“that is why stock are safe haven play”…………your quote.
…..Florida is littered with horse race ranches around Gainsville , that went Bankrupt. Their timing was OFF. OR they did not pay enough for stud service fees., and picked a loser night mare…………………………………….CCF.(Contrarian’s contrarian Frank)
There’s never an obvious catalyst to buy at major bottoms – for any asset. Bull markets evolve in three stages, and the first stage occurs when selling becomes exhausted and the asset is so cheap that nobody sees a reason to buy it other than it’s in the bargain basement. Since selling is exhausted, the value buyers represent marginal demand over the sellers and price stabilizes and the trend starts to reverse. Not saying pm’s are there yet (although they’re close), but markets don’t need an obvious reason to reverse at major bottoms. It’s all about marginal supply and demand.
LIKE
James is right – Al calls him “the greater”.
Yaaaaaaaayyyyyyy my hero!
There, feel better now?
THEY WERENT THEN
THEY ARE NOW
why are you comparing a dot com bubble to a 2015 sovereign debt bubble?
Let’s compare apples to apples
Hope everyone is well.
As indicated to Al & Cory separately, I deployed some capital at the open today on weakness. I did it on a case by case (name by name) basis.
NO IDEA where the bottom is/will be for stocks and the metals, but prices were good enough (low enough) to warrant pulling the trigger on the orders I had prepared beforehand.
Following the plan. Plenty of capital left to deploy at (hopefully) lower levels.
GL to all investing/trading.
LPG
James,
Matthew is correct, we are in a new era of gold. It’s no longer listed as a commodity, it’s listed as money. That is a new era. But, gold will plummet before it goes up considerably.
And ps the Nasdaq is at all time highs
Silver is a disaster, worst investment of the decade and gold sucks
not by mush…………..
mush……..much………..
Every investment runs in cycles……………..
If INFLATION WAS ADDED………nasdaq would be a loser………I think………CCF
correction …..not a loser,,,,,but, would not be considered at an all time high…….
BTW…………I ALWAYS enjoy your comments……………………..ccf
STOP….James !!!!!!!!!!
You too Andrew…EVERYONE….KNOCK IT OFF. !!!
James 5King James Version (KJV)
5 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
4 Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth.
They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
YOU WERE ALL WARNED BY ME. This is only the beginning
because you ignore the lawlessness and massive corruption.
THE METALS ARE NOW SCREWED and its been this way for
over 7 months. You have ignored oil take down and the criminals.
SHAME..SHAME. .ON YOU…
ARE YOU PEOPLE EVER GOING TO GET THE MESSAGE.
Seek eternal wisdom before its too late. KWN, Sprott,
and all these other goons are listening to the world
and the unfortunate stupid wisdom of the world.
Looking at the past.
ITS A NEW PARADIGM….MAN !!!!! Its over !!!
Don’t message me because you will be made
a fool over and over again.
DO NOT MESSAGE ME…or else
The lawlessness and major corruption should
have let you know this game is rigged and its
only the beginning as gold plummets to 700.
Silver to 8.
Then much lower again as the criminals have
plans to literally demoralize it further.
YOU HAVE BEEN WARNED OVER AND OVER AGAIN !!!
BTW…stop listening to these posters here
that have not a clue.
I bet they have trouble wiping their own arse.
I know they do. They spend too much time
posting B.S.
So much for foolish wisdom from the world.
On the path to total destruction. Hopeless !!!!
Ha Ha Ha!!!
No message.
You best not. You made the right decision.
I don’t need anymore hot air from this foolish
world.
The wise will now be made foolish as this world
goes into a major death spiral destroying 98 %
of wealth.
Also, you people forget the public has no feelings
for the criminality taking place destroying honest
free metals markets.
GET IT…NO ONE CARES…this game is over.
Correction : The wise in the world will now be made foolish.
Answer : Seek eternal wisdom from above
The banks were fined too. You people ignore that
fact. Banks doing all the front running for The Fed.
Its only just begun. No one is doing anything about
it and Sprott keeps pimpin the metals.
THIS IS A LOSER FOOLS GAME NOW !!!!
Well, the place was peaceful.
Now we get back to enjoyable with sermons again.
oh boy.
Okay..bb..heathen.
Always being a pest
to the truth.
Don’t worry..bb..you are
only fooling yourself .
Why did you change your name anyway..bb
Another cover up and just more deceit.
Obviously !!! Hey..look at .bb..go…more fraud.
Very pathetic !!! Your foot is back in your mouth.
Nearly all citizens now are Somdomites
of The Western World who are now either
supporting the abominations and lawlessness
because being silent is as guilty as supposting
these atrocities.
Don’t worry, you people being silent are guilty
as the perpetrators.
When this world burns those that thought they
were innocent out of convenience not speaking
out are as guilty as the criminals.
The world is going to hell because of this and
you have yourselves to blame.
And I mean, the world is literally on
its way to hell.
When you see America/ The World/ Great
whore Babylon ..collapsing soon you better
understand its not going to let up anytime
soon.
Even the grass is going to burn.
This site is amazing some days bb. Within a 24 hour window we can go from listening to Rick Rule to reading fringe lunatic material from Heavy Hitter. The highs and the lows combined together in such a tight space.
It’s like getting a big double dollop of premium Hagen Daz ice cream and then having a street beggar throw up all over your cone before you enjoy a single bite.
Over and over and over again. Totally freaky.
But the crazy guy has Jesus and the Rapture so its somehow OK.
A Listner….The truth hurts and enrages you.
Remember, you poking God will be used against
you unless you repent of these evil deeds.
BTW…I warned this metals game was in trouble
over 7 months ago.
Anyway, you will be eating your words in hell
unless you repent and give your life to Jesus.
This world is not going to save you. Its only
out to destroy you.
Enjoy the Ice Cream while I enjoy eating my words! 🙂
Suit yourself, its your pain and future suffering.
Only a fool in his heart believes there is no God.
The evidence is all around you and you refuse to
open your eyes.
That’s exactly it Listener.
Use the words jesus or god an spew whatever jibberish you want.
The site was recovering from him, oh well.
bb…heathen ..you too will eat those words in hell.
Unless you repent and give your life to Jesus.
God and Jesus are spelled with capital G and J.
HH, have you ever tried eggs with extra vinegar?
Enjoy all your red ink…bb..heathen.
Mocking God the whole way dollar
cost averaging investing last 2 years
in gold.
Yes Gator…good point. Maybe because I
don’t purchase any.
I salute you anyway and thanks for the good
humor and kind remarks. 🙂
Heavy…did you run out of scotch ? what brought on this latest rant????? by the way..regards and hope you are well…..
See my post above I missed the mark there.
SALUTE !!!!!!! 🙂
You both are good guys……………appreciate the both of you……………ooth, ccf j thelong…..the boot……….. :)…………. CHEERS…….
Who’s a good guy.
Not one is good.
Everyone is blood
thirsty. The most
righteous man who
ever walked the earth
was a sharp thorn.
Thats why we need to seek The Kingdom Of God.
Its all going to burn per my commentaries on this
blog.
AND BURN IT WILL !!!! This world is now all
Sodomites. The end is near.
Gold is still thought of as a commodity and it is tanking with all the other commodities
When the sh*t hits the fan the public still runs to the $
Yes I agree with you………..the public will run for what they know…….
How can you seriously factor in inflation and then call the Nasdaq a loser?
What does thatvsaycabotu gold then?
It is the one asset everyone trumps as keeping up with inflation, and it is like the only asset that hasn’t. Not even close!
see my added comment…….and correction
your comments were ALL TIME HIGH……..
BTW….did you win at Saratoga………..
Gold is listed as an asset with foreign currency reserves.
LIKE
Everything but everything manipulated…to speak of conspiracy theories is so twentieth century.
It’s 1:30 pm EST (NY), and 2:30 am here in Japan, and DUST is looking like it’s ready to pop UP to me. One final thrust? Not predicting, just saying the price action looks like it might make one more high. Probably divergent.
I’m still 100% in cash, and waiting for NUGT to bottom.
FYI I don’t trade NUGT – just GDX.
FYI I’m watching energy, too (OIH, XLE).
Hey Heavy! I bought more paper today! 🙂
Actually, you just typed some numbers on your computer, and a magnetic disk is storing them as 0’s and 1’s. No paper involved. You magnetized a disk with an array of 0’s and 1’s, is all. 😉
nerd
Jason, trade it. Thats what you do in this
criminal world now.
The suckers hold on for hope. Listen to
Sprott and wanka willie..KWN types.
Ignoring the new paradigm to hell.
I own physical silver and gold as well Heavy. I trade the paper for fun and spending cash.
Thats fine just don’t make it an idol.
Thats what people do in here and so
far its been a curse. That will continue.
Best trading the garbage. Its on its
way down but if it acts as insurance
which I doubt, then a little is probably
fine.
Did you lose money? You were once quite bullish on gold. Not that long ago either.
A Listener….I was bullish trading it only
at times. I have been saying with oil
sitting at these lows the metals are in
trouble. For over 7 months.
I have been screaming from roof tops
in here last 7 months we entered a new
paradigm.
Its the same commentary as today.
GET THAT IN YOUR HEADS…nothing has changed.
Read my posts
Bullish trading it at times. lol
Long way from buy, buy, buy, god is on our side.
lol..Heathen..bb..
How about all your red ink your
now suffering average cost
investing last few years.
Enjoy your rewards. Eating crow.
BTW…bb..heathen.
How does that foot taste still
stuck in your mouth.
All that red ink your swimming in
must taste like dog duty.
ENJOY !!!!!!
BTW, I’m really glad that we’re not melting up on GDX. This bottom is constructive in my view. Gives more credence to the next move, be it up or down.
Power corrupts, no the
repower corrupts, no there needs to be some catalyst to get prices reversed.
In 2000 there were positive catalysts for gold that most people were not aware of.
Gold is t going to reverse just because sellers are exhausted.
There is still a lot of money to suck out of this market.
Gold has had so many chances to turn and it hasn’t
Cyprus, Greece, German repatriation, QE
NOTHING made a dent
As I’ve said for years now GOLD IS DEAD ON THE BOARD
NOW IT IS JUST DEAD
WHEN THERE IS VALUE AGAIN THE SMART MONEY WILL SPECULATE ON IT
Some good points there.
Very nice move in Theralase Technologies today.
Gold is still in a downtrend. GDX down 20% this month. Down 9% this week. And in a downtrend in the daily charts as well. Am signing off – maybe in a few days we get that bounce, maybe not.
Folks to repeat: McAlvany is brilliant this week. 40 mins in and we’re told to ignore the faint-hearts and run through the pain of our own race; i.e. to pace ourselves through the lactic acid of gold’s pain, but which long-term we’ve all trained for.
McAlvany is a loser. Along with all the other flawed worldly wisdom
coming from this dumbed down world.
Don’t fool yourself because you can’t fool God.
Keep rejecting the truth which is in Gods Holy Word
people will swallow their own vomit.
They refuse to repent and reject our Great and Holy
Savior Christ Jesus who washes away all our sin.
Those that do, their road is paved to hell for eternity.
Andrew,
David McAlvany and his side kick were superb this weekend. They always have a great show there!
He really brings a well rounded rational commonsense approach to the markets and PM related topics.
I still find it amazing that Don M lives in the Philippines and works with the poorest children of the poor to better their lives. What a noble and humanitarian endeavor to commit ones life to in a world filled with complete madness, filth, greed and selfishness.
What a great family.
100% with you Vortex. total sanity mixed with compassion – no greater attributes in the sight of God. Blessings, Andrew
He will continue to be wrong because he doesn’t recognize
the new paradigm. That applies to everyone.
You have all been wrong. REALITY CHECK !!!!
Gold has no hopes. Lawlessness has prevailed
and will continue. But you ignore it anyway.
Shame on those that do !!!!
Whatever happens, I am already thankful to have listened to Gary 2 Months ago.
I sold my goldstock positions. Even realized a really small gain. Now I “could” buy them all back at a compound 40 % off. I understand that the free advice also serves as advertisment. However, I have to say “Thanks Gary, I should have listened much earlier”.
Greetings to all You who give free advice. Keep up the good work!
Well, today it would be only around 30 % off
Probly depends Nic, some PM stocks I follow have just hit 52 week lows.
bb..heathen..dollar cost averaging investing.
Last few years….SWIMMING IN RED INK.
Mocking God the whole way.
Im not mocking any god HH.
If there is any mocking it would be directed at you.
Don’t understand why Al? Cory let you destroy the place tho.
Maybe doesn’t matter whats said as long as they get hits to the site.
You already disrepected him with
no capital.. G.
Who’s going to believe your fraud
changing your name to heathen. .bb.
ALL YOU DO IS LIE. Caught you in so
many lies its now compulsive.
Good luck with all your red ink.
Here’s what you said. .bb..heathen
the big deceiver and totally agreeing
with A listener..mocking God.
On July 22, 2015 at 12:04 pm,
heathen says:
That’s exactly it Listener.
Use the words jesus or god an spew whatever jibberish you want.
The site was recovering from him, oh well.
ALL YOU DO IS LIE..BB..HEATHEN.
ENJOY YOUR RED INK as you mock God.
Hi there, what are PM stocks?
Regards
Precious Metals.
Gold, Silver, Palladium and Platinum
Maybe Rodium too, not sure tho, havnt followed it. Funny I don’t know tho. lol
Thanks!
Well, as far as I know there are no pure rhodium stocks. Usually the element is associated with PGMs, gold and sometimes others. I think that Endeavour Silver finally got pretty low but I still don’t know… Good Luck!
Off message: Tonight on Channel 4 news we had a clip of a U.S. cop brutalising a female motorist for not signalling while change lanes. Dragged from her car and arrested three days later she is found hanged in her cell. Sorry can’t find the clip on any blog, but the one below only emphasises the point that the U.S. population have grounds for fearing their police more than Isis.
Every U.S. citizen should be shouting their outrage from the root-tops.
http://news.sky.com/story/1523470/cop-fatally-shoots-unarmed-motorist-in-head
Last I read the U.S. police kill about 1100 americans a year.
Im sure there are times the police might have little choice but those attitudes make a person wonder.
At 1100 a year tho, the police are most definitely more dangerous than isis.
I saw that video, her comment about being treated that way for a missed turn signal was called for, notice she didn’t say it with disbelief? Like she saw the treatment for it as standard practice.
Maybe this treatment is ment to get cops shot, that way they have an excuse for martial law.
I have seen many similar videos, your colour doesn’t matter, or should I say? being white doesn’t protect you.
heavy titter do you have an idea of how boring you are??You ruin this site with your blather.
Agatha…how about you making me
sick with your Godlessness forever
you seem to support.
That’s bringing the world to a complete
disaster thanks to a God rejecting world.
So, yes. People like you sicken me.
Its the very root of our problems.
Judgment is here so you better repent.
Tried that egg with vinegar yet HH?
It would go great with your demeanor.
You mocking God, ..bb..Heathen.
Its your words that will be used
against you.
You are already suffering with
your dollar cost averaging in gold
last few years.
ENJOY…and the whole time
mocking God.
Yes HH, there are lots of sinners on this site but I don’t want to finger point because the moment you are born sin begins it is part of our species DNA.
We are all sinners DT. Anyway, its rejecting everything that
is good and God that’s bringing mankind to a very bitter end.
The root of the problem is making up all our own standards.
Now we have perversion, abominations, lawlessness and
following comes great destruction.
He gave me a good laugh today!! But I only skimmed, ha ha ha. Don’t tell me HH, I know this puts my soul in jeopardy.
GH..just tread carefully.
The judgments that are coming
will be great pain and suffering.
Let’s not mock God. bb..heathen
is already suffering the consequences.
Tried the egg yet HH?
I hear vinegar goes with any kinda egg, chicken egg, duck egg, goose egg, heck maybe try an Ostrich egg, open wide and just stuff that in there.
Enjoy your lies..bb..heathen
and your red ink.
Your a compulsive liar.
Great comment Agatha!… BFF.
Agatha…was caught on video.
Lawrence says “Why the hell you own gold then. Sell it. You look desperate.”
I am NOT desperate at all, there is no reason for me to be.
Gary is the one talking about a panic phase. This is Not A panic phase.
That hasn’t even started yet.
Why do I not sell gold?
I’ve made my position on that clear – I believe we are closer to the bottom than the top.
I don’t need to sell. I have plenty of action elsewhere.
Too many people miss the wedding and show up for the funeral.
I was at the wedding, now I’ve been sitting through the funeral.
I am not about to exit now that the wedding is next.
I don’t know when gold will turn. It could take years.
But one thing I can GARANTEE : PEOPLE GET STUPID
when people get stupid again about gold then it will turn.
When they swallow some new storyline de jour they will get anamored with gold again.
Right now they are stupid for stocks, real estate, diamonds, art, cars, wine
Everything but gold
When they get stupid again for gold that’s when I bolt.
Don’t know when, no one does, but that day will come.
Not because of some wave count, or fundamentals or new era bs
Soon enough there will be VALUE AND EDGE like I keep saying and then it is a bet.
Remember PEOPLE GET STUPID
I agree with you Jtl, I don’t see a “panic” or “bloodbath” yet.
Perspective maybe, we are at less than 10 cents on the dollar on some good shares (imo) from their highs, I can still see them going lower.
Who knows tho?
But it looks like it to me.
@ $817 some shares could get to less than 5 cents on the dollar from their highs.
Last “bloodbath” teck.b got to 3.25, went up to $60? (I forget) about 5 cents on the dollar, no?
I said YEARS AGO new comers will not be rewarded in this market.
There are still too many new comers hanging on.
When their carcasses are lying face down in the dirt then the deck can be swabbed and they will be tossed overboard.
Then a “new era” in gold can commence
Nearly end of day … GDX still going sideways on the 1 hr chart … makes me think there’s one more leg down before we bounce … probably/hopefully divergent … have to wait and see.
The net is, it’s still too early to go long yet for a swing trade, for me anyways.
•It’s my professional opinion that the price and volume action on Friday, Sunday, and Monday has produced a historic moment, with the commercial traders now holding a net long position in gold! If they are not net long, they are very close to being so.
•Mike Kahn is arguably the world’s greatest market technician. He is former director of the Market Technicians Association. He’s written three books on technical analysis, and he writes for Barron’s.
courtesy of Stewart Thompson
NOMI PRINS ………. at usawatchdog………….
This was fun and informative blog today. Cheers everyone!
DITTO……………..
and a special cheers for Contrarian’s Contrarian Frank……OOTB….BOOT.
……The Long……From moscow……
….and Mr. Indiana……the man, the myth, and the legend……
The Real estate broker….and potential presidential candidate….if we can change his birth certificate from Russia to the US in time…….
Hey Shad..you gold pumper !!!! J/K
Good thing you stayed out. The bounce
that’s coming…be careful.
Best to trade these pigs !!!
Gold has a date with death. New paradigm.
Do not look at the past B.S.
If this world can last another few years we
will see some horrible prices in the next 24
months.
Lots of gold firms, miners and gold brokerages
like Sprott will go insolvent.
Riches to rags is coming in this business.
No time to get cute. IMHO Stay very nimble.
Heaven where you been!?
I had another visit with a Headge fund manager I know well.
The message was stay away a 3 years ago a month ago and for years to come. He thinks we will see $500 in 10 years or so. Of course a very rough estimate but the direction is south over all. Also a collapse in the Chinese economy is a pretty sure thing but possibly a few yeas down the road. No one can predict the timing that’s always impossible. But one can steer clear of these land mines. When it gets closer and begins to show sighs then you can jump on that opportunity. There will be trouble everywhere then.
Lol Heavyhitter I meant the window on this phone is 1/4 in by 2.
Totally agree with A total global melt down.
My guy says Russia and China would dump their Gold EOS. I completely agree with him.
You are likely right about Sprott. He put a pile of silver ( the most volatile and dangerous asset if you can call it that) into the Hedge fund I dumped and DESTROYED HIS CLIENTS WEALTH. Commodities are toast for a long time.
Hey…hey..Bill. its lights out for the metals.
Good…your catching on. Total chaos is coming.
You were totally wise on the gold trade. Don’t waver.
The Western World is going broke and gold will be trashed.
Figure 700 on down n to 550. Could get worse than that.
Bounces along the way. This game is over.
Holding will be the poorhouse way to poverty.
Trade these pigs and don’t get caught up
in the cult or mantra.
Everything is going down bro. Stay nimble.
Ignore these posters. Its a ..no bueno.
FINITO !!!! NWO…lawlessness.
These people who post are blind.
I sit at home this evening with a full plate of humble pie and a side of fried crow. All washed down with a cup of STFU.
I really (REALLY) never believed that this downdraft in gold and the PM miners would EVER happen. I was a proud Novemberist, if you remember?
Anyway. I have a nice basket of quality PM miners that are still in the green or slightly pink (if I squint at my screen)
Brian biotech or just tech has been roaring for years. Easy money is in though.
A guy could have bought Ford for heaven sake. Listen to the best people that are unrelated to gold sales or their ads. Peter Schiff has one worst records on earth. Go look at his funds. -37% YTD. on his gold fund. He bought into Latin America China and any commodities country currency with a buy and hold. If you did the opposite you made a lot of money. DOW took off Dollar soared car sales took off and housing has picked up in the USA. Wow what a fool. Companies tighten their belt in the U.S. Through the crisis and laid off workers and improved the bottom line. That’s why many have done well. Not like Moriarty said a year or 2 ago. “The Dow will crash and money will go into GOLD” lol. He prints Schiff regularly. Broken clocks with a huge vested interest in pumping gold. If he had any integrity or knowledge he would have warns people and closed his site. Birds of a feather flock together.
JEFFREY CURRIE trashes gold again, calls for under $1000
Here is the story, Jerry.
Goldman’s Jeffrey Currie sees gold falling below $US1000 an ounce – Business Day July 22 2015
http://www.smh.com.au/business/mining-and-resources/goldmans-jeffrey-currie-sees-gold-falling-below-us1000-an-ounce-20150721-gihnl1.html
WE HAVE A NEW FRANK………A listener……….
I am going with Marty Armstrong….for awhile…………..
I am in the bear camp now……….CCF …contrarian’s contrarian frank
haven’t heard Schiff calling for 5000 gold and QE4 in awhile. Should be today or tomorrow we hear him.
Sure it was natural causes. It was just super rich people. 28 billion dollars a pool account.
Why talk about technical analysis in a rigged market?
Gary
It’s looking pretty weak even to take a pot shot on this market!?
Have to agree bill. Gold is fizzling right now. Even threatening to go lower next week. I did not expect that to happen just yet but it seems to have hit a pothole in the road and cannot get good traction right now.
Thats because you have a pile of sand for brains.
Now, the world is going off the tracks and you
still have cotton stuck in your ears.
Like most here. Just can’t get out of n their own
way.
WAKE UP PEOPLE. Remove your blinders.
HH
HH
LIGHTEN UP.
The crash is coming but not yet. Precursor’s are here. China is going to get worse in the coming years. Europe wont get it together ever.
The safest place on earth is the USD for now…Its in a bull market
USD is the safest. .correct.
However, we are going into
the death spiral soon.
The proof is when it
happens.
Coming soon. Get ready.
Yes I was so confident in the smash down in Gold I grabbed another $100K of USD 2 weeks ago. Its was a good play…basically shorting the Loonie cause I live in loonie land….Its become toilet paper.
I’m ready as one could be…
July 2015 Options Expiration Calendar
Precious metals options expiration is the 28th of July for the August contract.
http://www.cmegroup.com/trading/metals/precious/gold_product_calendar_options.html?optionProductId=192#optionProductId=192
Options on derivatives for precious metals close the week before, thus the Sunday night sell off in gold.
http://www.optionsclearing.com/about/publications/expiration-calendar.js
Prices should be held low for the close on Friday.