This could be the start of the markets continued fall
Click download link to listen on this device: Download Show
The stock market is all washed up. FINITO
If you guys guess why I will reveal the answer.
One main ingredient that technicals can’t
reveal.
I’ve been nice with a hint. Sometimes we must
be motivated to think for ourselves.
If I make it easy like with gold giveaways its
not appreciated.
Its not nice. Thanks to posters that make
life difficult. One and just few but it ruins
it for everyone else. This is a public forum.
NO, THE GOLD BULL LIVES ON.
Thats for sure. You have a few
of the reasons from me that
are valid.
A shot in the foot and not even
a thank you.
NO, ITS NOT NICE BEING MISTREATED.
And I don’t appreciate it.
Too bad everyone was not like Glenfedish.
Of coarse Andrew, Jerry, Matthew and others few to
mention.
These are wonderful guys.
thanks for the mention………and thanks for all your contribution….
Thanks Jerry.
Thanks a million for your contribution.
Now time to go watch a western.
The good, bad and the ugly.
Kinda like in here…lol
I am going out with my son for Mexican Food, I think a good western would round out the night……………………lol…………………stay well……………ootb
Enjoy Jerry. Wish you and your son a blessed time
:◆}
appreciate…………….thanks………
Likewise J…OOTB. HH makes sense in a world hanging off its hinges. And many folk on these sites don’t seem to see it. Put not your trust in the princes of this world, simply the Prince of Peace.
just popped in before leaving……….AND DITTO A………100% CORRECT……best ootb
You sure have a wonderful way with words ☆Andrew☆.
BTW…Greg Hunters guests are pathetic. Its desperate.
The gold bull is barely hangin on by finger nails but that’s
what creates the best opportunities.
No rally in August. Or did we miss it. lol
Problem with gold it can make huge moves in
a short period of time. So the gains will come.
All at once sometimes. With xmas buying should
come in and my indicators have never looked better.
Wait, see and be patient.
PEACE AND GOOD BLESSINGS ;◆}
Bird, my closing technicals tell me the odds of Monday’s close being lower for the conventional markets is much better then 50%.
You could well be right Doc. I missed the close today because I was under the weather and am just looking at it now. Solid finish in the red for metals and stock markets. That makes perfect sense on a lot of levels. One of my suspicions has been that any serious equity declines would see the first real margin calls appearing and that gold would get pounded down as a result. So I am in your camp with a simultaneous Dow- Gold decline.
Yep……any serious decline in the conventional markets will be a further nail in the coffin for the current Gold price.
I reckon we’d blow straight through any support at 1180 like it wasn’t even there.
Yes, that is one situation we might see gold keep dropping all the way back to the lows.
I agree with Doc and am short. I disagree with Skeeta; a market decline will be good for gold AND gold stocks.
Yes, longer term I agree Matthew,
But if we get a SERIOUS decline in the conventional markets then short term I believe gold AND gold stocks will drop significantly at the same time.
Guess we’ll have to wait & see if there is a small/large or if any correction at all.
Cheers.
Yes, if you mean a crash, you are probably right. I wouldn’t be absolutely sure though, since we currently have a setup that is very much unlike 2008 in that both gold and the markets were coming off of new all-time highs at the time.
From 2000 to 2002, the S&P fell 40% while the miners quadrupled…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&st=2000-11-12&en=2002-06-21&id=p99179736403
Matthew,
Yes I meant if a huge crash of conventional markets occurred. But I don’t think this will happen. I believe money will see any correction of conventional markets as yet another buying opportunity. There is no parabolic top in sight yet (again imo). Conventional markets can go much, much further forward yet. I believe they will too.
Once again, I don’t see this as a negative since the lower we go in some of these stocks, the greater the opportunity. Of course, the other side of that coin is that you may have to hold your position for a lengthy time before you really benefit from it. We continue to live in an environment of deleveraging.
Depends on the companies you hold.
Sustained low gold prices will bust some of my speculative miners no doubt (already lost one).
Even some larger companies have debt issues going forward into the next year or two that may require capital raising if the gold price stagnates/goes lower.
Look no further than someone like Newcrest (approx the worlds 5th or 6th largest producer iirc)
Caveat Emptor…look closely at company financials.
cheers.
Bird,
An alert if interest today,
Larry Edelson has just put out an alert saying the we are now officially back into a PM bear market.
This is after his huge bullish call just a month or two ago. The short of it is the world is under a tremendous deflationary strain and that the resulting devastation could possibly take gold to as low 960-980 and silver as low as 12-13 an ounce.
Of course hes still bullish long-term but who the hell knows what long-term really is when your talking about gold and silver. What a giant cluster**** of a sector to have money exposed to.
In my opinion you’d have to be a sadist and want to lose money to put funds at risk in this sector at this time.
I now think gold at $1100 and silver at $15 is almost a dead synch done deal. We are now on the cusp of John Kaisers long awaited washout and bankruptcy of thousands of these crap companies and being delisted and gone from the history books.
Personally I can’t wait for this to unfold, and much needed for the sector to cleanse itself of the overhang and worthless rubbish along with worthless management teams.
If Larry’s targets are reached, I think, if we’re all still alive that it could be the buy of a lifetime at those levels.
ditto on the giant cluster……………
I can’t wait either
But where can we find silver industry needs?
Get outa town, Vortex. Larry called a bear is back? Unreal! Because that was major call he made and I really winced when he wrote the “to the moon” comment in that article. He has come to his senses then and I can respect that he reversed that position. So good for him. He is a pretty smart guy in my books.
Recall though it was Robert Prechter who warned us gold and silver would fall hard in the event of a deflationary bust. Harry Dent too I think. If we did experience a cyclical credit bust of intra-generational duration then gold would not be our saving grace.
What saves you then are self reliance and productive enterprises that remain in demand no matter how the economy turns. Most people want to put their financial security in a can and save it for a rainy day. That is basically what gold is about. It is an emergency life raft in case all else fails. Like oxygen on a space module or canned Tuna for after a nuclear war.
You need to think bigger though. I know a lady who makes her own soap from scratch. And that seems pretty dumb to most people since soap is already so cheap. But when she sells it the stuff turns a 20% profit and most times she can sell it below the cost of store bought products.
That is the kind of thing I call a real fail safe in case we have a major economic downturn. It is a hobby today but it can be a life saver later. Especially if you lose your job or your small town anchor industry goes bust.
Bird,
I listen to Robert Prechter and Harry Dent for entertainment only. They have good theories on paper but they have not panned out.
If they managed money, which they don’t, thankfully, you would have been completely broke years ago if either one of them were actually putting it to work in the market.
Everything else you wrote is spot on!
IF Larry was wrong before, he will be wrong again……………….imho.
picking tops on 5 year bull market like the stock market and bottoms on a 3 year bear market like the gold market has been a common theme on this show for the past several years.
I think that’s a great medicine to prescribe if you want to lose money. I am fine with shorting gold when it blips up and going long on the stock market when it dips down. Let the trend be your friend.
You’re correct, keylime—–that’s why 2 days ago l mentioned this correction we’re going to see might be a short term thing and not the real thing. We should see this continue on Monday and posssibly next week. Then let’s look at the technicals again.
Is QE from the Federal Reserve even announced anymore? Or is this “past QE” now being used to prop up the DJIA and suppress non-USD miners and commodities?
Right now the DJIA is the “tide” that “lifts or lowers all boats”, thanks to the manipulators behind the scenes shorting or buying stocks.
Didn’t Bo say 18.50? silver.
Deflation, who was saying that?
I still think I see both inflation/deflation.
Deflation would be great for pensioners/fixed income people.
HH – You are a very deluded individual.
HH says:
The stock market is all washed up. FINITO
If you guys guess why I will reveal the answer.
Anyone who talks that way has a very grand opinion of themselves
and is usually an empty suit
I’m more than willing James to compare financial
statements with you.
LETS SEE WHO HAS THE EMPTY SUIT.
You claim experience in the markets
and claiming gold purchases of 252
an ounce.
How many at the exact dollar lows.
I notice you picked the exact number.
Its just a bunch of BS. If you couldn’t
sell near the top what makes me think
you paid the exact low 252 an oz.
I’ll tell you why..its all fraud.
You complain to much to do
anything right.
252 an oz…..hallerious. ..lol
You are an upset amateur.
Probably sending hate mail to
everyone is the gold business.
Can’t deceive me..Mr. James
Heavy, why don’t you just ignore this guy.
Thanks Lawrence.
James and me go back a ways 9 months I guess.
Its kinda of a habit. We trash each other and make up.
Plus gold is a tough nut to crack.
Just have to beat the pavement sometimes.
I have my false and forgiveness is the key to happiness.
A person that is in despair is not easy to help.
Keep up all your posts Lawrence. Love all your comments.
Excellent information. :◆}
OCTOBER IS RIGHT AROUND THE CORNER
Many of the best crashes in history have taken place in October so maybe another one is in the cards. Who knows? Could happen.
If the stocks crash gold crashes with them.
SILVER is the worst investment of the decade.
No safe haven
james……..WRONG, WRONG, WRONG….Re silver.
There is no to the moon shot for gold.
it will get sucked into the abyss like everything else
silver will end up back at $4
ive been saying that for months.
Sure James, and oil will be $15. Aren’t you embarrassed by some of the thoughts you choose to share with the public?
I see no evidence that you do any analysis at all before coming to your conclusions.
james……$4 silver !!!!!….You have lost your marbles.
BULLISH /BEARISH SURVEY…….kitco………..20.8% bulls……..75 % bears…..
Not bearish enough
we need something like 5% bulls, 95% bears
too many people are still holding on
its commendable, but they will ultimately give up
ANV.TO up today….shorts covering?
Matthew – I am really really surprised at you. How quickly you forget the past.
You really need a history lesson.
Wasn’t oil once hovering around $140 a barrel.
Didn’t it go down to about $35 a barrel in a few months time.
Did you forget that already?
You don’t think it cant happen again?
You’re smarter than that.
James…just called the bottom boyz.
Its very near. Time to even load up
on call options.
I would never say that but we have a big
bottom. Close by anyway.
Bet on the gold horse.
THANK YOU JAMES
James, $35 isn’t $15 and $9 isn’t $4. In addition, those brief lows happened before the Fed quadrupled its balance sheet AND changed all the rules that restricted their behavior. There will not be another 2008 any time soon. The rest of the wealth transfer will happen on in a sea of liquidity while fools clutch their cash and shake with fear as they wait for the “next 2008.”
You got your last sentence right.
HH – I layed out my history with gold on this board many times.
if you dont know it it is because you werent around to read it.
go dig up some of my old posts, i dont have time to waste satisying an empty suit
I saw all you pissy posts all choked up with
2 year old attitude that lost their silly putty.
YOUR CLASSIC…a novice that blames the world.
I see we have a S/N approaching zero today on Kereport.
OK CFS, I will bite….what is an S/N?
Oh…you mean sound to noise?
S/N = Signal to Noise ratio. S/N = 0 would mean there is only noise and no signal (No information). Not agreeing, just defining terminology
Oh Yeah, signal to noise. Ha Ha. Well I guess you can tell I am not an engineer. But thanks Brian, that helped. Hey, you know what I would like? It would be like a phone number block on our telephones where you dial star+number and the target is never seen or heard from again. We need a software version for blogs sites though. Like type in Control-9 for example plus the target name and they disappear for the whole session. You a programmer? Please write one of those for me.
HH – Silly Putty? Do you still play with Silly Putty? Maybe you should put that down.
I asked you to produce one post where I blamed anyone, seems to still havent produced it. More talk. Nothing to back it up.
Complaining, moaning and destroying any
peace around you.
THATS TAKING IT OUT ON EVERYONE THAT COMES
NEAR YOU….MR. JAMES.
You also harass everyone.
No regard only for my yourself.
AND 252 AN OZ. thats a joke and another lie.
James says he purchases gold at
The exact lows 252 an Oz.
HA..HAAAAAAAAAA.
Is their a sucker on this board
that believes this horse manure.
252…..exactly…the low set 17 years
ago or so.
Fraudster !!!
HH – Once again your words give you away.
You can’t believe i started accumilating gold at $252 because it seems impossible to you. And it is FOR YOU.
That’s why you think it is inconceivable. Because FOR YOU IT IS
James
Because 252 in futures was the exact low.
How much did you buy ?
Couldn’t be much.
What did you buy.
Its all fraud with you.
Physical gold was not that cheap.
So you are a fraud.
Next week could be very interesting with a lot of volatility surrounding the FOMC meeting. The dow/gold ratio is at a multi-month high ~13.74. All the markets seem to be at an important inflection point right here.
Correct.
Agree with both of you. Something big is brewing.
BEING DOWN IN THE MOUTH ALL THE TIME…….is habit forming….and bad for your health…..mentally depressing. Depression is a killer, change your view, change your life……….
Matthew – first of all you mentioned $15, I didnt.
Famous last words – “There wil not be another 2008 anytime soon”
I guess it’s somehow different this time
That’s right, James, I said $15 oil is as likely as $4 silver. It makes no sense that you came at me with the ’08 example in which neither of those price were even close to being reached.
No, it probably won’t be different this time. That is why there will not be a repeat of 2008 in your lifetime. Funny what the facts reveal, isn’t it?
HH – So you called up the bottom boyz ha? I guess you had to call collect
Your right James.
They bought me my phone
and got perks to boot.
THE BOTTOM BOYZ…good guys
Given away gold.
ITS A BEAUTIFUL DAY JAMES.
You should be happy ..you called the bottom.
Thank you and please post again.
Mathew –
first of all i am not coming at you.
second why are you mentioning oil at all and comparing its price likelihood to silver at all. I never mentioned oil.
So you dont think silver can ever go down to $4
did you ever expect silver to go to $18 when it was $48 – doubt it
James, I obviously brought up oil to point out that $4 silver is about as likely as $15 oil. Do you really think that silver can go to $4 while oil (or the rest of the commodities) remain where they are now?
If your views were based on real analysis and not emotion, your comments would be just as negative on days when gold is near the top of its cycle, but they never are.
HH – you said please so I will post again.
HH – First of all I never said I called the bottom. Again words matter.
I bought at the bottom. There is a difference.
Didn’t I say yesterday timing is everything?
James
You did call the bottom.
Whether you know it or not.
Again, thank you and please post again.
HH – You’re welcome.
I’ve had enough posting for now.
Enjoy your weekend…
Thank you and wish you a great weekend James.
You did make some good discoveries I believe.
Lets see if the gold equities can hold.
Nothing more can be done.
Mr. Market will give us the answer soon.
Only then we can bag it 100 percent.
Okie dokie !!!! :◆}
DANG HH………..you wore him out……………..lol………
Well Jerry
Lets go watch a western. Buffalo Bill..with Jeff Bridges.
Hey…see ya at the saloon Jerry…
Over to you BirdMan….on second thoughts go BBQ a turtle, and give yourself a break. Night all!
Just happy I am not part of the days battle, Reverend. And that is a true blessing.
Its too…damn bad.
I was looking forward to it.
James needs help and Bird you leave me…
A BAG HOLDER.
Got me doing all the dirty work and then I get punished.
Won’t be a next time. All of them are now going
to be referred to your office. Well, its only fair.
Its your turn !!!!!!
Oil needs to turn up soon and that will turn the markets up too. I had a 3rd good on my stocks with a down market except for one stock – rig.
Crash, I have been talking a long time about deflationary forces similar to what happened in The Great Depression. I have also said that there would be a collapse in the price of silver, due partly to the efforts of several governments to put themselves on a gold basis, they are now in the west worried about the purchasing power of the Orient. They are driving the price of physical down because The US has leveraged their gold.
Don’t be fooled by The Sucker’s Punch!
James likes reality and he talks about how you need to decide what is real, one of my favorite characters is on “Leave It To Beaver”, it’s the beaves Uncle Billy, every time Billy speaks bubbles come out of his mouth, we are all drawn to bubbles in fact we want to get close to them and make them “POP”. But UB is what I call a BEE-SER, or bullsh*t in flannel. The point is you need to learn street smarts early on in life to be able to judge what is reality.
James is shorting… just that… u should know his intention.. yet we are not market movers
James = james dimon… kikiki
That was a good call for stocks for today Doc. We have seen this before though so I am cautious. We will get what looks like an enticing technical setup late on Friday that has traders feeling sure Monday will be a downer…or alternatively stocks will fall Friday and get the shorts warmed up to go to battle the following week. Then Monday morning comes and they all get squashed like bugs.
Will this Monday be different?