Rick Ackerman and Technicals
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there have been others mentioning the change from the shorts……….going now long..
That is a good one! Bears having bull cubs.
I believe that when the US needs to own Gold The EPA will be silenced and there are a number of big deposits of precious metals in North America that are being stymied by The EPA, now is the time to invest, the World’s biggest undeveloped gold and copper deposit is in Alaska, and The Duluth belt in Minnesota has some real opportunity.
Beware of foreign jurisdictions when you are investing they will increasingly be under their own governments decisions like Indonesia which is increasingly taking control of all mining. DT
I’ve been waiting ever since Tech -Cominco chartered their first ERA Helicopter in Western Alaska.
I forget the name, but if you guys are talking about the deposit next to the salmon spawning river, I hope they never develop it. That would be the end of the pacific salmon, which would end alot of the envirnment that depends on them. (bears spread the fish for example)
On the other hand the salmon could be dead anyway due to fukashima.
b, would you like to eat those salmon when the level of mercury occurring naturally without mining is very elevated; I don’t think so and if you listen to mainstream media you are endangering your health. DT
I dont think elevated murcury is enough reason to eliminate the pacific salmon.
But, many people feel profit is worth the cost of the envirnment.
More than think the envirnment is more valuable than profit.
Harper just closed all scientific reaserch stations and is “chucking” decades of reaserch on our envirnment, and nobody has shot him, so, I am in a minority I suppose.
You make a good point b. Environmental issues that contain common sense are issues that I have always agreed with.
Good point. Not sure that I completely agree re: Indonesia though.
I didn’t think you would but Indonesia just passed a law where mining companies must smelt their metal in Indonesia, The Majors have been treated differently but the juniors are in real trouble. Indonesia is lacking money to process deposits or it would have happened before and governments are not wise in understanding this problem. DT
I could be wrong but it always takes verification but I know what I read. DT
DT,
I NEED to pick your brain more…DT….:)!!
there is a big buyer buying gold. there is also a big seller selling gold – it is a market
it is a zero sum game
ive been saying this for years on this sight.
its all about value. when someone perceives the price is too high they sell, on the opposite size of the trade is someone else equally intelligent (or not) who feels the price is too low.
dont complicate it
I am not complicating in, at least in my own mind.
I really believe what I said. It just makes sense! (To me, and remember that I am definitely the prettiest baby in the nursery.)
There is always someone placing a bet to win and someone else taking the opposite side of the bet on a roulette table, but that does not mean the table is not rigged.
Deutsche Bank to Quit PM Price Setting Due to Manipulation Investigation
Posted on January 17, 2014 by The Doc
Deutsche Bank, one of the 5 banks involved in setting the daily AM and PM London fix gold prices has announced today it will quit participating in precious metals price setting due to the ongoing investigation by German authorities into alleged precious metals manipulation.
It appears that the daily price fixes may be in Jeopardy particularly in silver, as the bank’s exit would leave only HSBC and the Bank of Nova Scotia as the remaining banks involved in the daily silver fix, and reports indicate others may follow Deutsche’s lead.
The handwriting is on the wall………
Hand writing on the wall? You mean like, “For a good time call xxxxxxx!)
Yep, Doc and I talked a bit about this off mike earlier today.
anybody watching Platinum…………………..
The Chinese are stating to realize that platinum and possibly palladium can do wonders for their pollution in Beijing and Shanghai to name just a few. It won’t be long when they get terrible diseases that prompt a higher price. DT
After I graduated from college with a bs in computer science and mathematics I went to the book store and perused through a copy of “What color is your parachute?”
The author said something I never forgot.
He said…
You can get hired for all the right reasons.
You can can hired for all the wrong reasons.
You can get fired for all the rights reasons.
You can get fired for all the wrong reasons.
Welcome to the world of work.
After reading that I decided then and there what I would do.
I decided to blaze my own trail and combine my two passions – horse racing and databases.
Right then and there I decided to do my own thing, go down my own road and let the chips fall where they will.
This is how I made my fortune.
Fast forward to today.
This same philosophy can be applied to the markets as well.
Speculators can make money for all the right reasons.
Speculators can make money for all the wrong reasons.
Speculators can lose money for all the right reasons.
Speculators can lose money for all the wrong reasons.
Welcome to the world of investing.
Many people today think the gold bulls are losing money for all the wrong reasons, due to manipulation. And they may be right. The evidence is mounting more and more with each day.
Other people think the stock speculators are making money for all the wrong reasons, they have the FED at their back blowing the sails across a sea of bubbles.
This is the reality of markets.
Many of you May sense I’ve been particularly hard and gold, and I have.
Why?
Because it failed. That’s just the bottom line. It failed to do what it was cracked up to do.
You can blame manipulation. You can blame central planners. You can blame bullion banks. You can blame sun spots.
But this is the reality of markets.
Why do I say it failed?
Because a good asset, like a good horse, can overcome adversity.
Many times in a race the unforeseen happens. A horse is bumped, or blocked, or squeezed.
A great horse can overcome those obstacles and find the winners circle.
A great asset should be able to do the same.
Manipulated or not, the global market should have been able to overcome the manipulators.
If the price was that inefficient the physical market would have overrun the paper market.
India and China would have found a way.
But it didn’t.
Perhaps now is – but it is too little too late.
So what do we do?
Investing is a zero sum game. For every winner there must be a loser.
Only by seeking value and having an edge can you consistently win.
The question now is “is there value in gold?” And “Do you have an edge?”
Everything else is distraction
interesting post, James
a couple of observations… the race is run on various time frames, depending on the investor/speculator in question.
in my particular case, the ‘race’ regarding physical metals vs. fiat currencies is a marathon, and that race is not over (though my bias is that we are on the bell lap).
That said, I believe gold has outperformed stocks since Nixon closed the gold window in ’71. It’s also out-performed on the shorter-term time frame since the turn of the century.
And there are any number of foreign currencies that have been decimated vs. gold, on both short and long-term time frames.
Time will tell, but I think the gold crowd is on the right horse.
Have a good weekend.
Excellent post and follow up Eric!
A great weekend to you as well!
It may just be short covering making it stronger as the price rises.
Historical stores of value are discussed here.
Timeless,proven stores of value are worth considering as they have preserved wealth on a global scale.
The Fed and Comex are short term blights on humanity that highlight support of metals as the alternatives to US Fed notes and policy.
http://www.sovereignman.com/expat/four-alternative-stores-of-value-8966/
Keeping it simple …
Why Do Ridiculous Portfolios Outperform?
http://www.youtube.com/watch?v=38oFHoZRgJw
Fort McMurray oilsands …
Wasnt Ted Butler saying somthing about big money changeing from short to long?
A month or so ago. Maybe its happening.
Think I heard some mention of bears having bull cubs too.