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Goldman Goes Goo-Goo For Gold: "Gold Market Poised For A Rally As US Real Rates Head Lower"
Goldman dedicates 9 pages to a regime change in which it goes openly bullish on gold. The report is attached, which we present without commentary but as always, if there is one flashing red light saying the peak price for any asset has been hit, it is a Strong Buy signal by Goldman. The report will likely result in a brief pop in spot over the next 24 hours as the idiot money rushes into the latest Goldman trap. Alas, it also means that GS is now offloading. Be very wary of market dynamics over the next month.
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I agree... quite a quandary!
No quandary. I don't care what GS is pushing.
Read tmosley's post again. Long term gold is where it's at. It's the best financial insurance you can own.
24hrgold.com has the E-Bay metal exchange
http://www.24hgold.com/english/home.aspx
http://www.24hgold.com/english/buy_sell_gold_coins.aspx?co_id=0
They currently show the 1 oz gold eagle price at $1170.81 (-2.4% premium), but a quick look, and plenty of experience, shows that you can't actually buy one for that. Where do they get their numbers? Even better, half dollars are over $700, at over 11,000% premium. Hmm...
Gold will go a lot higher,we are just seeing the market makers seeing how much Physical there is available to purchase and people who sell now at these rates will regret this in the future.The game is to lull Gold holders into believing the market is too high and pondering that a huge drop will occur in the forseeable future therefore they will decide to protect current profits and sell for fiat.Gold is the end game,the true wealth and power of the financial markets.The double con is destroy the value of fiat assets and then buy Gold on the cheap before its massive rise.Don,t believe that the full truth about the worlds financial system is out yet,just wait for the defaults and problems that lie ahead,the very people who created these problems are the people who hope to buy Gold on the the cheap for their own security.Buy Physical to secure your wealth whilst you still can.
Yeah, I think you're on to it. The big boys know they have to have physical parked in the garage before the moonshot. It must really chap their asses to see the Chinese loading up on gold.
the sheep are now selling gold under spot
this is a first
paladin
Well, I sold the miners yesterday but will not part with physical. If we get a serious correction of more than a couple of days then the miners may get hit also. Will be looking to load back up if that occurs. I must admit am a little nervouls with the squid telling me to buy gold. Why would they go against the govt. benny and timmy. They wouldn't.
Good gravy...am I reading this correctly?
Paraphrasing...Our economics team has lowered expectations of an econmic recovery but one should go long platinum as the global economy takes off?
Mmmkay.
The world...dear squid...is drowning in debt. This is a rope-a-dope, plain and simple.
Agree with Tyler, short term pop, followed by an air pocket that will bring out numerous airline stewards (like Johnny Bravo) screaching like a Yeti on PMS about baggage as he steals all the beer and deploys the escape chute...LOL.
I will stay thirsty my friends ;-)
Looks like Goldman is trying top off the gold bandwagon before they drive it off a cliff and steal everyone's money.
Paper gold hides the scarcity of real metal. I think they'd like some real gold show up so they can get theirs while they can. So if we get a run up we better put stops behind our miners. If they can manipulate down, they can manipulate up. Sure, they want our cash, but to buy real metal with it. I can't see holders of real metal falling for it. The paper scam creates the illusion of gold and silver being on the market, but there is already a desperate scramble for the real thing, with new stories every day. GS and crew may get burned severely by being a little too clever. If they kick start the next leg up, the accelerator might just get stuck and leave them in the dust.
Just pet GS on the head and tell them you already watched this movie.
Goldman Sachs increases Gold Price forecast - 4th December 2009
http://goldnews.bullionvault.com/Goldbug/gold_price/goldman_sachs_increases_gold_price_forecast_19494814
on Wed, 08/11/2010 - 19:11
#516858
Well, I sold the miners yesterday.....end
well I am again moving back into gold/silver shares...I rode the mining shares up to the S&P moving sideways
when this bad boy breaks it will move faster than you can type .....crap....then enter
paladin
squid mother f';ing maggots. After 10 years of rediculous returns I finally have to dig up my yard.
fucking SOB's
Silence is golden
Silence is when the music stops.
do you have your chair?
Paper gold is worthless, moreso if GS is bullish on it. After the trap is set, the prey can only wiggle in agony as it dies.
Buy the real stuff and sit tight. Eat some popcorn and watch the morons in the light show squabble over paper. Worthless scraps of paper.
Gold is headed lower until September 7th anf the rally into equinox of 22 September. Sell gold now to Goldman. And buy wheat. Also liquidation suckout market crsash will take gold lower. Bullets and wheat.
Are you getting those early harvest projection estimates in? Gloomy.
are you seeing this...pladin
Can you link to a completed auction where a gold coin went for less than spot price? I have yet to see it.
Note that their actual trading recommendation, however, is to buy platinum, which is something of a non sequitur.
maybe we need to talk about the E-Bay Meatle Exchange.
do you feel safe in buying silver/gold on E-Bay with a private person?
there is a fix on this...paladin
I won't believe it until I hear Lloyd the Squid on local talk radio saying he's going to be out at the airport Ramada Inn this Sunday buying old jewelry, coins and silverware.
Hmm...I have no doubt that GS is corrupt. No doubt at all.
However if their corruption is so simple that they only make an announcement for one play only to coax the sheep in that direction while they play the opposite, well, I think a lot of very smart people would be on to that by now. Not that Tyler and the rest of us aren't "smart." But seriously, that would be a HUGE story if there an easily traceable pattern of bait and switch. It cant' be so simple. Does GS "sometimes" lie about their true predictions? Probably. So does our government and every other company under the sun. But I don't believe that every GS prediction is a shell game.
Oh yeah, I can see the headlines now:
GOVERNMENT ADMITS FED GOT IT WRONG SINCE 1913.
REGULATORS ADMIT TO TURNING BLIND EYE TO GOLDMAN MBS FRAUD.
TREASURY ADMITS TO PRINTING PRESS OVER-RUNS.
TREASURY ADMITS TO GOLD SWAPS.
TREASURY ADMITS TO BARE VAULTS AT FT. KNOX.
TREASURY ADMITS TO ENCUMBERING NATIONS GOLD.
BUSH ADMITS TO LACK OF EVIDENCE OF WMD'S BEFORE ATTACKING IRAQ.
TREASURY ADMITS THE CONSTITUTION WAS RIGHT AND THAT GOLD AND SILVER ARE MONEY.
UFO SEEN IN SKY OVER WASHINGTON. PINK PIG WITH LIPSTICK SEEN SOARING ABOVE CAPITAL HILL.
A lot of smart people HAVE been on/over/under it for quite some time. Getting the propaganda arm of the fascists to print the obvious is somewhat daunting. Ask anyone who has ever contacted a mainstream journalist to investigate and publish their findings, how they went with that. Ask GATA how they have been going on that front? It's why the only guy with any balls in investigating these issues, has to get published in Rolling Stone mag or on an internet blog.
GS doesn't have to create demand for gold with a false call. Individuals and CB's all over the world are ready buyers on the dips.
Why in the hell did they put this out?
They knew there would be several pages of interesting speculation here at zero. They are on this site whenever they take breaks from impoverishing widows and orphans.
Are there derivatives on double-think?
Is it opposite day. I'm VERY afraid.
http://www.youtube.com/watch?v=ZuYbDP2kDfg
The goldprice will only go up,why? Because they simply will be printing more currency.
Debt free money will be priceless at the high of this K-winter.
Hold on to your phys gold and silver and let them play their stupid games,use the pricedrops to add
to ones position.Nice jewellery is also a good way to go I think,makes the wife happy as well!
Protect yourself and family from the madman,buy real stuff.Let GS stuff the papercontracts up their ...
Happy life
on Wed, 08/11/2010 - 20:15
#516962
Can you link to a completed auction where a gold coin went for less than spot price? I have yet to see it. ....end
you asked to something as to a live bid...
I posted what was the average as to buy and sell
as a bid..to sell
from time to time you will see someone sell at a time as they want the cash now.
as this will change the metal exchange price
do you see this...paladin
Maybe I missed something, but the link you gave was an ebay search for "gold eagle". I'd love to buy some gold eagles under spot, and would appreciate any advice on how to do it. Evidently, APMEX will buy a random year gold eagle for $1225 (http://www.apmex.com/Product/1/1_oz_Gold_American_Eagle___Random_Year.aspx). I don't know details because I have yet to sell any physical.
Irwin, Irwin, Irwin... you ask the impossible. Most of us would love to buy for under spot. It doesn't work that way. The sooner you learn that the sooner you'll be a physical gold/silver owner.
Yeah, that was actually my point, that the ebay prices listed on the link for 24hourgold.com were below spot, and that you can never actually buy a gold coin on ebay for that price. Just suggesting that I'd be more than happy to be proven wrong. The reply was disconnected from a few earlier posts on this thread.
if you look at the e-bay model.....they want you to look at all their post.
go through all 100100 post....LOL
that is who they are....live with it...paldin
I guess Cramer endorsed gold today. Nothing makes sense anymore! http://www.cnbc.com/id/38667230
This report is a joke - long platinum for a year, crude and copper since spring? comon....
I don't care what GS says about anything. Why is anyone paying attention to those slime balls?
again I am moving into gold/silver shares
paladin
ZH is weird. Sometimes it comes up with some very informative and/or insightful stuff. But most of time it's full of idiotic dribble like "do opposite of what GS says". It makes ok cynicism. But doesn't even the cynicism get old after the 1834th time?
I guess ZH is like Cramer, entertainment. I just like ZH much better than Cramer because it's more entertaining and more informative, if you know how to filter the noise.
Like.........Really..........
Get Bent! How's that for cynicism!
Talk gold or go back to MW and troll....
So there is no confusion, yes, I junked you.
Schooling the captcha
Forgot to mention, there're a few commenters who are obviously well experienced market players, but then most are conspiracy junkies and idiot groupies who think they're cool by joining a group.
Hey, I'm not here to change anyone. Just an observation.
Then perhaps you ought to keep your moronic "observations" to yourself? All you are doing is pissing people off, and for no reason. There is no gain to be had, nor any lessons to be learned from broad based insults against any group of people.
There are a lot more professionals here than you seem to think.
I've counted about 5 so far. I think a lot of the rational, sane posters have given up and left zh to the paranoid, tin foil hat, anti-social, anti-semitic bomb shelter dwellers
How much physical gold does Goldman Sachs own? Any? If they are selling it, they are not thinking ahead very much.
However, if they are selling paper gold, bully for them. Maybe they know something's about to happen.
Buy, strong buy Bitchez!
I am not a Chupacabra.
Gracias a Dios!
i know what a phony $100 bill looks like, do you know what a phony gold bar looks like?
Really? It is my understanding that the US dollar is one of the most frequent counterfeited currencies on the planet. Some of them are very good. See further here and here.
No, having only seen a few small bars. The pros know. When in doubt they do an electronic test for that, since tungsten weighs the same. Somebody tell him where to find the precise answer. If you stick to bars from reputable dealers, you shouldn't have a problem. They live by their reputation. National coins get some of their premium because they are trusted. That's why few coins will ever be sold under or even near spot price. I suspect you already know all this are messing with us.
this was a great post.....
as to the junk.....stupid is what what stupid does
I could not understand why CNBS was pushing GLD. Now I know. Thanks ZH Now what was that double short gold etf symbol again... Feels like WS is begging for any cash they can get. Must be pretty bad if they are playing the "buy our paper gold eft" if you already own too many of our high P/E stocks. wow what a racket. Frontman KrackerCramer got right on it pumping it right on que tonight on his OPM Madness Money Show. thru the eyes of Cramer you see Fed Bail Outs for FAILURES. spoiled rotten
Cramer may be a fool. But I don't think he's a connected fool. CNBC's cheerleaders are sincerely stupid. The brass tolerates the contrarians like Santelli because they know people would otherwise change the channel for good.
Yes, i can completely agree with the brilliance of the outlook on Gold that it will either go way up or way down!!!
Most astute...
Ain't no fade like a GS fade, ha huh...huh huh...uh uh....oh yeah
From Bix:
Well the battle has officially heated up as Goldman Sachs released a MASSIVELY bullish report on Gold. Of course we all know what that means...GET READY FOR THE MONSTER SLAM!!!! http://www.zerohedge.com/article/goldman-goes-goo-goo-gold-gold-market-poised-rally-us-real-rates-head-lower This all makes sense based on my "TIME LINE" article as the battle lines have been drawn and it is the banking cabal's LAST CHANCE to shed their short positions before they are taken out for good. All is going according to plan. For those who aren't on the Private Road here's a sneak peek at what the "TIME LINE" says about the first part of August... *****AUGUST 2010
"Early - We should start to see the break down of the economic system starting as early as the second week in August. Keep an eye on the unemployment figures and yet unforeseen "problems" arising. The Obama market riggers who decided last year to implement the sustained market manipulation scam (http://news.goldseek.com/GoldSeek/1238779140.php) have been instructed by the Good Guys to "release" their official controls. Once Summers, Goolsbee and Geithner stop their official involvement it will be in the hands of the Primary Dealer Banksters and they have to try to skirt around the new regulations. Not an easy thing to do but they will try. Gold and Silver will start to trade erratically as the Good Guys and Bad Guys unleash dueling computer rigging programs...." *the full TIME LINE article carries on a month-to-month scenario through to the end game for the Bad Guys. *****A Cabal slam also makes sense because they are at a low point on a Commitment of Traders basis which is followed by most gold and silver bugs who try to trade the tops and bottoms. I believe the Bad Guys are constructing a false bottom to get one final flush out using a massive amount of paper gold and silver derivatives...just like the take down two years ago. Just the way the Ice Queen of Derivatives, Blythe Masters, and JP Morgan took silver down from $21 to under $9. Or the way they took Natural Gas down from $15 to under $4 only 1 month after getting the green light to trade in Natural Gas from the Federal Reserve (making a few $Billion in the process.) It's always the same for the BIG SLAMS. Make the sheeple BELIEVE we've bottomed out...let the market lemmings jump in and leverage up long positions...then pull the trap door releasing a mountain of derivatives all the while colluding with your bankster buddies to pull phony computer bids then cover shorts.
Does this matter to you? IT SHOULDN'T if you have been following the Road to Roota Letters as you should ONLY have physical gold and silver in your possession. No paper metal, no metal in storage accounts, no safe deposit boxes, no mining shares...NOTHING OUTSIDE OF YOUR OWN GRASP. It's the only way to survive the coming calamity. You should NOT care if gold spikes to $5,000/oz or falls to $50/oz...these prices are not real. At $50/oz gold you won't be able to buy 1 physical oz anyway. It is the paper games played by the banking cabal and you should be ready to RIDE IT OUT for a few months. So sit back. Enjoy the show. Follow the TIME LINE if you get scared. For the end game points to a GLORIOUS FUTURE for our side! Bix
Nobel prize-winning chemist Frederick Soddy knew what was up; listen.
How could you read into the Goldman report? Simple. That bad banks are holding much, much more than just mortgage-related derivatives.
Or maybe it is as simple as they being long, exposed on the short end of the curve, need to liquidate, and because deflationary fears have gripped the market causing a run into anything with both coupons and seniority, GS isn't finding the price support to do so quietly. What better way to flush out a flock of investors and get them to buy some risk?
Since GS has already been exposed for betting against their clients publicly, the obvious move would be to short AU on their buy recommendation. That means BUY GOLD! Reverse psychology ^2. This is part of GS new PR ploy, and kinder, gentler hedge fund that cares for us little guys. They even reported a trading loss this week, see they don’t manipulate markets… hahaha ya right! I’m buying more physical, going for the Mr. T look… I pity the fools who short gold…
The Banksters may be pulling the nuclear option: Starve the fiat system of credit, and prevent a run on physical gold from the banks. (Look at M3 on shadowstats.com--very ominous). Lots of smoke coming out of the LBMA on gold deliveries. The BIS gold swap was really, really unusual and announced on the sly. Something is rotten in the state of England. Since the FED just announced they will NOT be expanding their balance sheet, and since the EU is forcing all EU sovereigns to load their toxic $h!t on their own balance sheets, we may be in for a bumpy ride. I think the Banksters just pushed the nuclear strike button. Everyone who is 100% in gold and has no FRNs is gonna be pissed. But you can ride this disaster out. In Mar 08, gold touched $1000. 200 days later, in Oct 08 gold dropped to about $700. That's a 30% decline in 200 days. 1 year later, in Oct 09, gold pierced $1000 and never looked back. So, ask yourself: Can you handle another 30% drop to $840 or so in the next 8 months? Can you wait until gold recovers $1200 in 1.6 years? If so, then you will be sitting pretty when the FED decides to QE to infinity once gold and equities get hit. Of course, history never repeats, but every investor needs to prepare for the possibilities.
Everything is topsy turvey now because people are scrambling to get the real thing. If they have to play within the market system, then at some point the cartel has to cover their shorts and get a big stash of physical they actually own. But if the world economy collapses they can forget paying their shorts and celebrate their stash of real metal keeps them around to play in the next game. I suspect they want to come out sweet in either scenario. They have to move fast because once the word gets out beyond the gold bug sphere about how scarce real metal is, they lose all power to manipulate. I don't think we'll be waiting very long to see the last act in this play.
Gold seems like a no brainer to some, to me it's an enigma...
The market begins to fall, it stays strong.. The market rallies, it loses all strenght and goes down.
IMHO it has an edge over other assets, in the sense that IF the market goes way UP, it might follow, after lagging the initial movement.
So it could be a win-win situation, but it won't be easy and it doesn't seem that obvious.
PS: after Goldman's weekend call on equities, I didn't even read this article.
I see it one of two ways...
1. GS is full of $#!^.
2. Who run Bartertown?
Tyler is 100% right on this one. Gold bubble to pop. If you dont believe it is a bubble? look at the darn chart.
Peak Oil, peak Gold, peak Stocks, peak Bonds, peak Wheat all the same....wake up Boys n' Girls you are being fkd.
What if things get worse?
Aren't there unemployed people enough already?
What will be left of big cities, big business, small businesses?
My guess is that the forces at power won't let that happen...
Here in Brazil the situation is supposed to be better and it is still damn bad! Really few people in my age range (25-35) are making considerable money, many unemployed. I can only say it may be worse in the US and Europe... So tell me, what will be the scenario if things get really worse?
Ok, remember when the IMF announced in February that it was going to be selling 191.3 tons of gold?
http://www.imf.org/external/np/sec/pr/2010/pr1044.htm
191.3 seemed awful coincidental with the year 1913, and there were lots of folks speculating on someone's sense of humor (or irony) in choosing that amount. Now, we have this GS announcement of being bullish on gold a day before the 71st anniversary of the release of the movie version of the Wizard of Oz on August 12, 1939. Hmmm...
http://en.wikipedia.org/wiki/The_Wizard_of_Oz_(1939_film)
Dang, this tinfoil hat is snug. Cutting...off...circulation...
Thanks for keeping it real. I get nervous if there aren't some obvious sinister implications attached. No fun unless it's Scary.
If gold goes up then the economy goes down. OH OH!!!
I dont think there is an economic recovery coming. have a look at the guy who predicted the 2008 crash. He has been spot on with all this and it is very scary!!!! video => http://www.youtube.com/watch?v=gn6kS4l2yFM
Just take off the "Goldman Sachs" off this report, and read it critically.
If it did make sense, believe it.
If it didn't debunk it for us.
There were sell side analysis by Goldman that did make sense in the past, although it is not the majority.
"Goldman Sachs" is only a warning sign to read the report extra carefully.
Not a sign to disbelieve it.
By the way, gold bugs(especially the ones that goes physical) are the number 1 creature on the face of the earth that uses Goldman as a contrarian indicator.
Therefore, I think there is enough incentives for Goldman to tell the truth especially when it has something to do with gold.
Although, that will not change the way I read their report.
Stop playing Princess Bride everyone. Stay cool.
A Visualization of China’s Bubble Economy
Now this really makes me confused since it is GS we are talking about.
What are the options:
1. GS doesn't see any other market that is populated by someone other than Bots and so wants to ride the rally wave and be the first to short it once it reach some modelled peak.
2. GS is sending some evil message to FED/Treasury.
3. GS is acting on FED mandate to short gold on a massive scale (QE Lite for that purpose?).
4. GS doesn't know what the fuck to do anymore since the market is a barren wasteland with bot-vultures circling high above.
5. Something else entirely.
I agree very much with Oracle of Kypseli analisys, but I have e few questions about:
1) At this moment is very dangerous to be positioned in gold etfs and futures (with the possible exception of a well played straddle), but do you think it's the same kind of danger to be invested in a gold Etc?
2) What to you think about european gold etc investors? Could the falling Euro be a safety net placed under this kind of investments?
thank you
If you have $10Million of safe cupon bonds paying 9% and GS called and said 'we think you're going to win the $30 Million Lotto two weeks from now'...would you dump your bonds?
If GS told me the sun is coming up tomorrow I would discount that prediction!
GS makes lots of money. Their customers and others listening to GS predictions sometimes do not.
Physical Gold is money and a bridge across troubled waters...
Those who manipulate and broke the markets are divesting themselves of worthless paper certificates,as the price comes down they will buy physical just before Gold goes through the stratosphere,nice game. Paper Cert Bitchez .........................................
Guys, I'm a gold bug too! I'm just a little bit nervous.
Everyone says that something Big is coming (I don't know in which direction). It's august and bullion dealers are shut down. I've thinked of gold etc as a bridge to september. In 2007 too gold took off soon and with my etc gains I compensated the huge raise in bullion dealers ask.
Another thing to talk about is the "gold in the stratosphere" concept. I'm starting to no more buy it. A big phase transition wave in the gold market would put and end to the game.
Instead the show must go on. We will see in the future bigger raises in gold prices but in a step by step fashion. Investor must be freezed like a deer in light, scared to death with the bubble argument.
And finally...
Being physical gold bug is good but... what about taxmen?
What if are we working for them?
In this regard do you think bullionvault et al. are paper gold investments?
...Or they are to consider for taxing reasons?
tnx
People need to realise Gold Paper Certs and Physical are 2 different things.The Spot Gold price is based on paper,has to be at a ratio of 100 - 1 on paper / physical ozs.Sell the paper at a high price wait for the Gold price to come down and invest the profits in physical knowing full well when Gold goes ballistic its the physical that will count.One of the biggest cons perpetrated by the establishment in history.
And then there's this Princely POS...Krugman;
"The lights are going out all over America — literally. Colorado Springs has made headlines with its desperate attempt to save money by turning off a third of its streetlights, but similar things are either happening or being contemplated across the nation, from Philadelphia to Fresno."
http://www.nytimes.com/2010/08/09/opinion/09krugman.html?_r=2&ref=opinion
Advocating 800 billion in theft from unborn generations and whining when it doesn't work. Push on that string you f-ing moron.
They will cut spending, cut taxes & fees and allow the people to prosper at some point whether they want to or not. It is inevitable.
I got a similar customer report from UBS about a month ago saying the same thing about getting into gold. They stressed allocated gold too in a way that would point to them having read and properly digested some FOFOA goodness!!
Debt and Deficit are endemic and current politicians make out especially in Europe that all will be repaid,however once massive job losses,tax hikes and crippling interest repayments come into the real world they will realise that the debts cannot be repaid.Defaults will happen as governments come under pressure to keep social infrastructure going,stuff the deficits this will become revolution and social unrest time,more money will be printed to keep things going reducing the value of money already in existance = inflation,and when worse - hyperinflation.Physical Gold will reflect a collapsing confidence in Money,Government and Social Cohesion and Institutions.Think Deficit,Default = Physical.D+D = P.
Printing and digital expansion are only good for buying time. We are too far in the hole to avoid world wide defaults on both public and private debt. The derivatives game is doomed. Real assets will run the economy. The question is when does this big locomotive run out of fuel?
They will make it as difficult as possible for the general populace to buy hard assets. Huge volatility is the best technique. Why? Because your average Joe does not have very deep pockets and can be counted on to freak out everytime something declines 10%.
So - that drives the bulk of the sheeple into "safe crap" - Dollars and Treasuries. perfect. Mission accomplished.
The Players can then gradually buy up all the good hard assets (including corporate stock).
That gold should be trading around ~$1300/oz. seems a given, but if 10-year U.S. TIPS reaches zero, the question remains, what happens after that?
They are saying there is a possibility that gold will reach $1780/oz. U.S.
1080
Golden O_O,
I agree with you, paper gold could be leveraged 100:1,
but asides form gold, a society needs an efficient clearing system. If we can't have it in this new world coming, you are painting a mad max scenario and you and me are wasting time on ZH blog, and should instead tune on: www.survivalist.info
Some other people like Paco Algren (a smart guy but it's too early his call on TBT) says that etc (the true ones) could be the first nuclei of private issued money.
Another solution could be a P2P money system. In Europe central bankers are doing their best in order to throw a monkey wrench into the works.
Please don't take this the wrong way Hedginites - you all rock. But, after 10 years of hoarding my gold, watching ever so slowly how the MSM's have brought it into the dialectic, I am now believing that run is near end.
When blogos all talk like their is no downward possibilities (like your house discussions 3 years ago) one must very very carefully consider TD's assertion that the intermediate top is near after the Squid's to the moon assertions.
The long term top is still a 1000 away or so IMHO
But the bitch take down is certainly a possibility. I may sell my paper gold I think and start liquidating some physical and buy the big dip coming....... Remember it only profit when you take it and I bought the bus in 2001-2 after the towers went down. (god bless!)
When the squid calls you take it seriously. They are market makers and we are not.
Cheers
Gold bull still going strong, MACD crossed over and is plowing higher. Full steam ahead:
http://i298.photobucket.com/albums/mm246/johnlf/goldMACD-1.jpg
Do what you like, mogul. Any direction implies a risk of loss or a failure to take profits, which feels like a loss. I won't sell physical because I fear when I call my dealer later on to buy back in on the dip he won't have any metal at any price. Meanwhile, the miners have no shortage of shares they'd like to sell and they back it with the real stuff.
Maybe the Squid knows the paper gold market is about to tank - perhaps the long expected comex breakdown is imminent, or the ETF will be proven to hold much less physical than thought - whoever their customers are I suspect most will now pile into paper gold not physical, and we can guess the Squid is probably loading up on the real stuff!
This report is a kiss of death. I'm expecting 1080 re-test.
The gold worshippers are going to be crying like babies.
Plus ça change, plus c'est pareil.
GS are up to the same old tricks. Make believe, cheat & steal.
The difference now, I hope, is that most people have learned that the banksters are not doing God's work. If only they were doing devil's work, it would not be so bad.
They are destroying everything in their neighborhood; they are doing the giant vampire squid's work : sucking money from every living soul on Earth.
Gold, frankincense, and myrrh = Goldman, Rockefeller, and Lehman
Frankincense pointed to the boom in real estate. Frankincense improves the quality of stinkin' life. It comes from trees, which are often used for short term construction (as opposed to stone castles).
Myrrh was the boom in lies, off balance sheets, special purpose entities, etc.
Therefore, Gold, coming last, will be the greatest boom of them all.
The writing has been on the wall for thousands of years...
Isn't it suspicious that after this report gold is up 1.5% today?! Meanwhile silver isn't doing anything. How odd.
Silver? You mean that industrial metal? as opposed to the safe haven precious metal called gold?
mm no, no idea
what a load of crap of most of the post above....LOL
NO.....NO....NO
I will not tell you how to buy gold under spot...
is is sad....