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And So Gold Is Under $10 From All Time Highs
Remember when all "experts", pundits, and all other idiot verietals couldn't shut up how gold was going to triple digits imminently? Yes, neither do we.
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gold and silver bitches
Byron Wien on Bloomberg today said every portfolio should have gold and he expects it ot hit 1600 -
For a guy who has been wrong in perpetuity is this a sell signal?
Either that or he is today's Blind Pig
Bitches, Bitchez!
+1,
Tomorrow gold will break from its upper support level of $1440 to $1650 in the span of the next month. It will happen by the Spring Solstice. There are too many problems with the dollar, with oil production, and with entitlements to stop it from happening. That and the charts say so.
This is resistence of my upper support level of $1440. This is gold. Gold may be a little over rated in my book, I am much longer silver than gold, but it is monie. Gold has silver at its back, and oil is surging on turmoil. Also with gold is platinum, who broke out long ago. This is the first step of the climb up, which ends by 2012....
Gold at $10k easy.
Oil at $500/b easily.
Silver at $500 easy.
Platinum at $13k.
The dollar will be made not the reserve currencie.
This is inevitable, unless people take matters into their own hands and buy silver.
From my blog:
http://lhmarketwatch.blogspot.com/
Cheerio, and beetleguise, beetleguise, beetleguise
Gold £10k easy, Oil $500/b easy etc etc....
...unless deflation (Credit Crunch II) hits first you mean.... then those figures are pie in the sky
I'm in Gold so don't think i haven't skin in the game... the target from here is Jim Sinclairs next milestone at $1,444, then his $1,650.... save the mega digits for now
"Paging Johnny Bravo, Mr. Johnny Bravo..."
He's dead meat. His calls were so off that it wasn't even funny.
Leave the dead to their rest.
Sorry kid, there is no such thing as pervasive dollar deflation. Only gold deflation. Every time we have experienced deflation, we have had gold backed currency. Every time we have had hyperinflation, we have had paper currency. There has never been a paper currency that experienced a significant amount of deflation in the history of the Earth.
Or are you saying "this time is different"?
Gold = 2,000 SDRs
Bingo, bingo, BINGO.
I never cease to be infuriated by all the deflationary flat-earthers who deny these simple and fundamental historical and monetary facts. I was outraged when I heard the first pro-Establishment shill prattling on about the so-called "threat of deflation" a couple of years ago, and I remain convinced that anyone peddling that specious "threat" today is either clueless or is an active and willing participant in spreading pro-fiat, pro-bankster disinformation.
A lot of that Fiat is located in cyberspace, what makes you think meatspace rules apply?
The wealthy elite of the world are double crossing the Arab oil producers and Chinese investments. They are destroying the US currency and are establishing a one world currency. Lindsy Williams is 100% correct on the elitist plans. Inflation is going to the stratosphere. The big fight Americans must undertake is stopping our government from accepting a world currency. We must insist the US print it's own treasury money without interest and kill the Federal Reserve.
The turmoil in the Middle east is a logical progression of events unrest precipitated by the globalists using unwitting participants such as the Egyptian Google executive. This will backfire on them. The police state oppression and food inflation are the oppressive conditions that have outraged the people into action. These are logical conditions that precipitate events the globalists know they can use this to their advantage to bring about their world monetary government.This too will backfire on them. The oil companies and global elitists want to stop oil flow to the US so we are forced to open a huge quantity of crude oil and natural gas that exists under Gull Island, located in the waters of Prudhoe Bay in Alaska, in ANWR, The Oil and Gas Resource Potential of the Arctic National Wildlife Refuge, and the Rocky Mountain reserves that have been kept off the market till the elitists could get filthy rich off these assets.The US must demand large royalties from these reserves.
Listening to Lindsy Williams on Infowars radio today seems so eerily close to things I read 25 years ago in a book called, "The United States and Great Britain in Prophecy" by Herbert W Armstrong. I'm dusting this book off now and am going to re read it.
You should listen to the rebroadcast of the Alex Jones program that will stream for the next 21 hours. Williams is on in the 3rd hour of each rebroadcast recurring every 3 hours.
This movie clip from Rollover (1981) is not so far from what will really happen.
Wall Street Silver Gold Theft and World Economic Collapse
http://www.youtube.com/watch?v=WI8dfFN7H1w
We both agree on the end game. That being said, Lindsey Williams hasn't been right about much thus far.
His track record is a documented 85% correct.
Michael, I heard the Alex Jones broadcast too, and I found it very provocative. I am not sure that I believe everything that was said. There are so many things that seem to be coming to a head simultaneously that I too am starting to believe in a OWG conspiracy.
Yep over the past 30yrs the song remains the same and the end game never changes but keep beating that drum.
85% accurate ROTFLMAO is that 4 1/2 times in the last 5?
i heard that entire broadcast / believe it. ........ the Middle East goes back into the desert from whence it came ........ DELIBERATELY ! ...... just like everything that his happening to this country is DELIBERATE POLICY & PREPLANNED ........ unless, that ROAD to ROOTA guy is correct, we are all toast ......... anyone else here believe in BIX WEIR & his ROAD to ROOTA theory ?
"We must insist the US print it's own treasury money without interest and kill the Federal Reserve."
Just out of curiosity, why should we trust those idiots running the Treasury? And what difference would it make. They are one in the same. Bernanke & Geithner jack each other off every night.
Or read the Creature from Jekyll Island.
+1. My grandparents retired to Jekyll. I keep hoping there's a buried treasure by their graves ... no such luck.
Rip the Rockies apart just to drive around in circles?
Bakken is shale and shale has a low EROEI.
Alaska is beautiful, and like the Rockies, destroy it to drive in circles?
As long as money printing is seen by TPTB as the only solution to prop up this dead ponzi system, *THERE IS* no sell signal.
+ $1410
Anyone.
I have a friend who is a technical trader. He once told me there "ain't no such thing as a quadruple bottom (top)".
When I checked stockcharts.com and put in ticker GLD, that looked a lot like the 4th top coming fast.
I would enjoy traders' comments on whether or not the fourth one is the charm...
there used to be traders on here - and intelligent comments. Nowadays this board is filled with one-liners and mispellings from people who should just read and learn instead of type their bullshit - then everone has to filter through it.
I am not a trader - I just read and try to make sense of it all.
I kan spel just fin thank yu.
Mnay popleo hvae ncotcid thta seppilng inst taht ipmroatn, rtahre, sa lngo as teh gsit fo teh msseag gtse acsrsso. I tned ot argeer.
except today
Robert, I see you posts often at Fofoa. I have pretty much stopped posting there because of the freegolders paranoia in regards to silver. Do you agree with Fofoa on this?
I go with FOFOA on the eventual rise of gold as the wealth preserver of choice. Along with his idea of freegold to 55k.
...
But, I do not KNOW anything! Especially the future. Because of that, I hold a decent amount of silver too, but lots more gold ($ value).
My guess? Silver will do just fine, and certainly is a great speculation! Silver has a different dynamic (obviously), so silver for me is further diversification. Mr Lennon Hendrix seems to be perhaps the "Silver Guru" here, and his opinions would be better than mine.
Who is Robert?
Three words: "Flag and Pennant". The technical setup is identical to the bounce at the end of July. Don't get me wrong, there's resistance at ~140 and it may very well go check out the 20MA to fill the small gap between 134 and 136 but as long as we get a bounce we could see gold run another 12% by my conservative estimate.
Disclosure: Went Long GLD @ 130.80
Thanks ThreeTrees!
Ka Dafy is ruining everything. He was supposed to roll over just like the the rest of the Kings in North Africa and the Middle East. That was the agreement. The Global Bankster oligarchs don't have all their controls in place yet for the final phase of the collapse. They are losing control of the situation. The Internet is still too free and they can't stop it yet.
That or maybe they were dissapointed by Mubarek's weak showing at the uprising. They prob expected much more violence (like they would do)
+100
Missing in action --- the FastMoney perennial gold haters:
Dougie "gold is in for a major correction" Kass
Dennis "I sold my smallish position yesterday" Gartman
or Dennis "I am short of brains" Gartman
I thought they canceled that show and came out with Fast Monkey's Fucking a Football.
all the good shows get cancelled.
No, in a strong wind even a turkey can fly.
must hijack thread for a moment.....
as someone who enjoys the challenge of hunting these wiley birds, the wild turkey flies just as well in a gale as in a calm
a pig can fly. (a big fat pig can fly)
that means he's shorting.
Odd but the silver rise is much smaller than gold today.
That's because a war is going on in silver right now.
for sure! and its a huge war. any new informations on how the OI is and will they take delivery or what will happen?
It was at 30K this morning, saw it at 47K earlier, now it's at 40k.
Die Blythe die you douchebag whore! Keep piling on the naked shorts... you're just throwing more fuel on your own fire!! Roast in hell biotch!
it's Silver BitcheZ. got to put that "Z" on the end to be official
Where is Doug k"ASS"" these days.....
CL is 40 cents away from 100
Brent rises concomittantly
This chart reduces my blood pressure, which was very high after reading Timmy's comments in "Bloomberg" (It was really from The Onion, right? Right???).
Gold is more geopolitically sensitive of the PMs.
It's also geared to dollar weakness and the related issue of global reserve currency status
It's where big money goes to hide.
Silver will do well but remember it's value is also tied to perceived industrial demand which may be a bit clouded now if the economies slow
The fact that Gold has taken over the front running spot from Silver today tells me sanity is alive and well in the PM pit.
It tells me that Blythe is working overtime.
Gold is golden but silver will continue to outperform until the gold to silver ratio is reduced to the historical mean. Global unrest will cause gold to outperform periodically.
Silver is a coiled spring under suppression pressure for 40 (or more) years. Screw industrial demand; the price should already be over $200 due to diminishing worldwide supply. If the average GDP worldwide should actually attain 5%, the total supply of silver would disappear. At that point, name your own price.
Good analogy I agree. Some pretty well known iddiots are again calling for a correction in the Silver price because of its recent run up. I don't buy it. Silver had close to a FOUR DECADE 'correction'. Now it's time for Silver to shine.
More like about 25-28 years according to Ted Butler. There was an interview with him at, I think, King World News where he traced the manipulation of the price of silver on the Comex that far back.
I just found this article, where according to analysis by Chandni Burman in Daily News and Analysis, silver will have to reach $50 before recycling it is economically feasible. The article doesn't give much detail about the analysis behind the $50 number though, but rather talks about supply and demand imbalances. In absence of this detail, I would assume, like most everything else these days is that the main factor is energy cost.
http://www.scrapmonster.com/news/silver-recycling-can-happen-only-at-pri...
Ummm...Mission Control????? this is Apollo 13.....we have a slight problem......
YOU CAN'T EAT GOLD!
but you can eat shit.
+1420 per ounce
Then buy rice.
is there a 2X melamine ETF?
Rice: The other white plastic
When I see comments like this, I can't help but wonder just how insane we all look to someone that just showed up today at Zerohedge and doesn't have any idea that they're looking at the most truthful sarcasm ever!
Silver is out the top of any identifiable long term channel. I suspect gold is going to follow it into the begining of a parabolic repricing.
And $50 silver by sometime in April..
http://thehardrightedge.com/50-physical-silver-by-april-2011/
Gold looks really good right now in the scenario we're in. Unlike 2008 I don't see that much running to the USD if stocks crater hard; and when (not if) the next round of bailouts starts, that will just weaken the USD more.
Our magisters have really made a mess of things but one thing they will not do is deflate. That's my story anyway, and the way I'm betting.
Unlike 2008 I don't see that much running to the USD
Exactly. The trend began yesterday. Key divergence
the PM decoupling has been prevalent for a long time... we're just getting confirmation now there is an objective "risk off" event...
Nice. Waiting until the trend is established and then predict it.
But Moodys said it was Japan that had a negative outlook!
I'd take risk evaluation from the Moody Blues before I'd listen to Moody's. Go Now, ratings agency. Go Now.
They're just some singers in a rock'nroll band! :>D
WTI OVER $100!!!
HOLD ON BOYS!!!
CHINA IS ABOUT TO SPILL THE BEANS ON THE EU/UK/US bond holdings..
For those investing in Gold, you need the precious metals insurance policy. This is now a good time for diversification. Make sure to have PLENTY of copper-jacketed lead.
And like any insurance policy - let's hope you don't have to use it, but it certainly feels like the shit is getting deep.
I share the feeling of impending doom.
Of course I have felt the same way since Jimmy Carter. Perhaps the Bearing will be right one day...
You sound like a permabearing
Now THAT was witty!
Very nice.
Paging Bob Prechter...Angry subscribers in lobby
Hey, now. He said he was sorry (to his subscribers who missed out on the most recent bull run in stocks these past 6 months).
Surely that should make up for everything?
/sarcarsm
Gold is the perfect hedge right now.
The dollar is no longer flight to safety. Bonds? The 5 year auction just came in very weak. Bonds selling.
Suddenly the world of flight to safety is narrowed .
There's the potential now for big geopolitical events and gold is the perfect place to be
wheres doug kass - time for a fast $ appearance
Under the bridge I found...I could not get enough!
oh, i remember the varietals quite vividly. a few of the sperm whales were spouting off within the last week, one yesterday, about an imminent collapse in gold and silver which would wipe the smile from my face.
Fall apart is a bitch
Can someone tell me if you cannot eat gold, then why are the ag's getting their asses handed to them in this geopolitical mess?
They took their profits out of the edible commodities and decided to trade their fiat profits for real money. A no-brainer.
The EW crew will be correct with their Gold $200 call....
The trouble is it will be priced in "New dollars" ;-)
Everyone quick looking at WTI and start watching spot Brent. The storage issues is Cushing are keeping WTI $12 under brent. In fact WTI is $10 under Gulf Coast LLS (Light Lousiana Sweet) whic is a comparable crude to WTI and Brent.
Fundamentals for crude not good, but it is tough to be short if Libya shuts down. 800K is already turned off.
Saudi Day of protest is scheduled for March 20th. Don't be short on the 19th.
Silver bitchez
Holy Moses! Just as I predicted on the 14th- "Silver to $40-$45 in 3-4 weeks"
My next prediction is the EU will disintegrate very soon as Brent passes the $125 threshold. So much for the EURO being as safe as the USD!
Axel Weber now seen fleeing in his minisubmarine to the coast of Norway.
Get out of stocks NOW before you can't sell. The stand comes in a few days boys. Supernova.
Even miners? All green for me today.
The worry is not so much about Saudi Arabia and its king. No. The worry is about the fate of Saudi Aramco. It's the heart of darkness to the Saudi people because it not only saps their oil wealth and diverts it to the West, it put the royal family in power and supported the modern state of Saudi Arabia from its British roots. It was the love child of Rockefeller, Texaco, and other extreme right wing concerns. It supported Hitler
If Aramco is nationalized or taken down in any way, the built in oil discount that the US has enjoyed over the rest of the world evaporates. Then you'll see gasoline jump by a factor of 4 to equal prices paid in Western Europe
Caviar, I think Aramco was nationalized, the Saudis paid Exxon, Chevron, Texaco, etc. That should be easy to check on wiki or Google.
EDIT:
I could not get it pasted in here, but wikipedia says it is state owned.
I think by 'state owned' he means pwned by a state that is not ruled by oligarchs loyal to their US based contemporaries.
when gold pass the all time high, silver will reach $40 oz., then by June, or before, gold will go to $1700 (22% up increase), silver will cross $55...wow, enough to say..oil right now at $100..and still more than 90% population dont get it...prepare accordingly...I can talk from my own experience....lived Chile of the 70's and Argentina of 2000, I know what recession/depresion is, good lucks guys.
Ferfal? Is that you?
Wow you lived in Chile in the 70s and Argentina in the 2000s. Hyperinflation is following you around isn't it. Did you ever live in Zimbabwe? Were you born in Germany during the Weimar?
Chile and Argentina is enough experince...how much experince do you have american boy?, none for sure...and that's part of the problem here, not only the goverment but their citizens, which in this case people have become lazy and ignorant...A mexican (or any other hard life inmigrant) guy can easily survive here, I wonder how many days will you last in those countries....
quit ........... issues in Cushing ........ which is typo corrections.
Dollar
Ol' Buck catches a bid.
http://99ercharts.blogspot.com/2011/02/dollar_987.html
http://www.zerohedge.com/forum/99er-charts-0
Not a sophisticated 'waver' -- but couldn't this be a series of 'one-two'?
Doug Kass: Gold Turnaround Only Temporary
CNBC: Friday, 28 January 2011 5:51 PM ET
Considering the unrest in Egypt dramatically increases the safe haven appeal of precious metals, why is Doug Kass still so bearish on gold...
Thing Ive noticed the last few weeks is how perfectly backwards the analysts have had it. "Commodities are going up because of ME tensions." Of course it's the exact opposite, ME tensions are rising with commodities.
If you believe the former, it makes sense that gold will crash as soon as things simmer down a little.
Stunning the USD is not going up as a flight to safety.
Beginning of the end. Obama needs to drop the moratorium (he won't).
Glad I bought gold and silver.
It was even on a front page of yahoo the other day, "Why gold is a bad investment" ...how do they get it so wrong so consistently? Relentless, 10+ years. I'm not one for MSM conspiracy theories, but this takes the piss.
this is because if gold is a good investment it means the EOWAWKI is coming. Everyone knows that. A gold stampede means unhinging of everything that all these pundits and analysts revolve around, the paper markets. I mean look at Douchinger.
The entire paper economy functions on confidence, and such a thing is fleeting.
Denninger once claimed that the better hedge for a TEOTWAWKI scenario was a bunch of dollar puts or calls or some other paper nonsense. I noticed that the post in which he made this claim - http://market-ticker.denninger.net/cgi-mt/akcs-www?archived-post=2361-Listen-To-The-Hucksters,-Lose-Your-Ass.html - is no longer "present."
How convenient.
Inconveniently...
http://market-ticker.org/cgi-mt/akcs-www?post=164846&page=2
Gold vs oil vs sliver...the investor's enigma...like choosing between three pretty girls...sigh sigh..sigh...what a shame I'm married.
Buy them all! I'm starting a company that will make gold suppositories so you can safely travel with your loot. How big of a chunk of gold do you think one could hold up thier A$$?
I once dropped a turd (not to confuse with resident metals guy turd ferguson) that was 11 inches long and diameter of 30mm. Admittedly, I almost disemboweled myself that day but it's a workable size for a suppository
Please tell me you didn't measure it...
Rather thin. I measured on at 50 mm. It was hard to do. Damn thing kept falling apart.
not just suppositories, but something that can go up a cunt, too†
We already have those.
Ben-wa ballz?
Kass would have to do the Bossa Nova on Fast Money to be taken seriously.
Gold had a lot of catching up to do with Silver. The ratio was trending down too fast.
Nice little re-tachment and off it'll go again.
We could see a little dip soon. options Expirey or geo-political or crazy announcement by some dick-tater.
ORI
http://aadivaahan.wordpress.com/2011/02/23/ihumor-for-un-funny-days/
The atmosphere is so much better at ZH when PM's rise and the trolls are hiding elsewhere.
Typical behavior of a reckless and speculative mob that wages everything on a simple one-way bet. All the more reason to expect a significant pullback when the dust settles and the US gets it's spending under control.
Doesn't your persona management software let you choose avatars? Come on guys that is so 2001!
https://www.fbo.gov/index?_cview=1&id=d88e9d660336be91552fe8c1a51bacb2&m...
"US gets its spending under control." HAHAHAHAHAHA!
What do you think the Wisconsin protests are about?
yes, I'm sure a couple of billion funbucks saved in cheese country will solve the 100 billion dollar POMO each month. "trolling ain't easy" ---HOVA
enough drops fill the bucket!
Not dividing the middle class, surely?
Too little, too late! What're those protesting Decepitcrat/Unionists gonna say when the Police and Fire(wo)men are leading the looters in their neighborhoods?
Mr. Dick Butthead,
Agree. HAHAHAHAHA!
Timmay, you rascal, that's you isn't it...
Oh shit timmy! You are becoming too obvious. Get a new ID!
@ Agent 9.
I dont usually find myself responding to the paid trolls, never mid agreeing with them, but in this instance you are correct, after the US gets it's spending under control, you could expect that.
however as that won't happen naturally any time before the sun freezes over, that leaves only the rug being pulled and a very nasty fall to follow your arrogant pride.
so wake me up when the "spending is under control", otherwise am sleeping very soundly at (originally) 78% / 22% gold / silver (but just over 50/50 in funny money denomination now) and very bored of your type of nonsense
((((((yawn)))))))
Well isn't that you cue to hide then ?
OPEC's BIG BLUFF:
The longer it takes for them to respond to the events, the less credible their threat becomes. The rumors that they have no real production buffer become more credible as time goes on.
Also the more domestic unrest they have in their countries, the more constrained they'll be to respond to US $100 oil as opposed to helping out their own.
Go my son!
Those guys must have been thinking of silver, which certainly WILL see triple digits, likely this year, and certainly before the end of next year.
I'm sure all the PM top-callers were massively short -- I mean they wouldn't have been just talking shit, would they?
No, no way. That would be so cheap.
I'm sure they'll all be expressing their regrets and telling us how much they lost any day now.
Dougie Kaaasssss, come out to playeeeyaaaa.
Also, over in Kitco room 800, John Nadler is giving a lesson on Cognitive Dissonance. He doesnt realize the class is mostly filled with smarmy spitballing throwing goldbugs. The burly nurses aids are waiting outside for an appropriate time to enter and restrain him.
Tyler...I was reading all of the headlines on ZH today and was feeling kind of depressed. So I thought I'd bring promising hope to Americans everywhere.
http://thecivillibertarian.blogspot.com/2011/02/we-have-promising-future...
all time high in gold is 1432.50 when we trade 22.5 this article will have relevance until then back to the salt mines nice try ZH.
OK tomorrow then.
Wow.
That kind of nitpicky obfuscating semantic reminds me of the university imbeciles. Or John Nadler
FACTS ARE FACTS...but maybe you subscribe to Bernank way of thinking and whats a few trillion among friends and don't mind the details...kinda sounds like CNBC reporting to me...and thats what zh should not be about.