Liquidity seems to heading for gold and silver.

Big Al
August 23, 2013

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    Aug 23, 2013 23:20 AM

    sprott is buying i buying no sissy talk boys by man !

    Aug 23, 2013 23:40 AM

    Where is Silverfox? Pulling up his Shorts?

    Aug 23, 2013 23:50 AM

    […] Daily commentary Written by Gold Scents […]

    Aug 23, 2013 23:02 AM

    I own ith, if I didnt read wrong those 20 million onces are worth bringing out of the ground at $1500.00 hhmmm

    Looks to me that people that were saying the market is going to be more volitile are going to be shown to be right. Just seems that way to me. Wish I could trade better b ut plain old holding should overcome errors I think.

    The trend sure looks to be up, unless we get hammered yet again, thing is, the once I hold looks the same everyday, doesnt seem to matter what people say the price is, that once always looks the same. hhmmmmm.

    Aug 23, 2013 23:14 AM

    The eternally optimistic KWN has 2 new excellent articles today by Grant Williams and Eric Sprott.

    Aug 23, 2013 23:14 PM

    hmm where are all the precious metals bears and trolls that were so vocal a month ago. (crickets chirping)

    Aug 23, 2013 23:20 PM

    Ahhhh I wanted to see that!! Gary making fun of gold bears and full of himself. Well….this is it!!! Yeah!!! I remember the last time this happened -profits on the short side of PMs were huge!!! Buying more DUST Monday morning!!! Thank you Gary for being so arrogant and full of yourself!! This is the signal I was waiting for!!

    Gary is the best contrarian indicator ever!!!

      Aug 24, 2013 24:33 AM

      LOL you are going to regret that decision. The manipulation is done. The fundamentals are back driving the market.

        Aug 24, 2013 24:36 AM

        Not sure I would agree. Good topic for a discussion next week.

        Have a great weekend

    Aug 24, 2013 24:15 PM

    Pull up a three year chart of both DUST and NUGT. Include volume. You are on the wrong side of that trade.

    Aug 25, 2013 25:39 AM

    Dear Gary,

    As you know NUGT and DUST are short time instruments. Nobody in his right mind would hold them for three years.

    Yep. I have read your weekend report and you are definitely on the manic bullish side now. I will say it again; using you as a contrarian indicator, overbought short time indicators in PMs, semi bullish public opinion in silver, substantial increase in hedge funds and other speculators net long exposures in silver and silver approaching solid resistance at 26 it is a good time to start thinking about shorting PMs. Contrary to your un-substantiated narrow view of the precious metals market and taking into account short term overbought technical indicators and macroeconomic events (money coming into the US stock market from Europe and emerging markets) I believe that the final low in PMs is not yet in. Money will flow into the stock market first and we will see new lows in gold and silver.

    Big Al: please remember this day and remember Gary’s position now and his response later in the future when his “predictions” turn sour (again).

    Thank you.

      Aug 26, 2013 26:03 PM

      I certainly will Pibe!