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Morning Gold Fix: September 13
Submitted by fmxconnect.com
Bollinger Band Clamor is Like No Other
Daily Bollinger Bands: Are at their tightest in 5 months.
Weekly Bollinger Bands: Are at their tightest in a year. Furthermore the top band is moving wider AS THE MARKET IS DROPPING.
These
are signs that if you are a buyer of dips be careful. But also that no
real downside momentum break out will come until we pierce the midline
on a daily settlement.
Finally, the 6 Week Reversal trade is on
my radar as well. If Gold pierces last week’s low we will short the
market with a stop out at last week’s settlement. All in all, powerful
combination of indicators if a sell off starts. That said, chop-city is
possible so stick with your stop out numbers wherever they are. Not a
good time to “wing it”. For Market Prices Click Here
(Elizabeth Thawne is on Vacation)
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Silver putas!
Palladium, pendejo!
Sheesh! Even with Lizzy on vacation this shit does not improve.
Whack, bitchez! $-1.85
lol
Ha, flagged MYSELF, as junk, bitchez. Uh. Good god ahmighty.
http://www.youtube.com/watch?v=CKyJaLZb3AE
another anvil on the head at the comex open coming? we'll soon see.
hope not but that's been the pattern..
god, i hope so. i screwed up two weeks ago...meant to have several K in cash and available to buy silver bullion. missed the moment. hoping and praying for one more JPM inspired attack.....when it happens, jumping in the car and driving to local coin shop......
please god...do it. i don't want my kid's college money in the stock market for another day...or in any kind of account Ben can get his little hands on...
You better jump in the car and get it done. They might be able to keep gold in the coral through October but they aren't going to be able to pin down silver.
Heads and nuts in a vice. It's going to either break out up or break out down. Haggling time.
Short term noise, sound and fury signifying nothing. And yes, funny that they didn't miss a beat w/o sunny Liz.
If you're not strictly a trader, just keep accumulating physical. Unless you're in a rush, the next bear raid is only just another great buying opportunity. Dorks like Lanci have been saying the bottom will drop out of gold all the way from $400 to $1,250. And just what would they have you buy instead of the Real Thing?
Keep buying physical gold and silver and buy quality Explorers to increase diversity and grow positions in the Hard Asset portion of your investment portfolio. I'm very happy to be doing so while underlying metal prices continue to be supressed by naked shorting in the paper markets. In this rigged trading environment"Daily gold fixes" are nearly meaningless to the individual long term PM investor.
In the past 6,000 years Gold and Silver have outlasted untold legions of mammonite cretins and this time will be no different. Don't lose the forest for the trees
Likely to break out down, as all stops are pulled to support the market bubble.
I think it's more likely to take a couple jumps to 1280 and get yanked back down to 1250.
interesting. cnbc just pro-mo'd "is silver the new gold?" coming up next segment.
cnbc, who still watches that? i think JPM, GE, etc., are wasting their time there now trying to use it as a propaganda tool. last stats i saw -- media buyer here -- was at any given moment in the 9-5 time slots, they have 175k-200K viewers....
not too impressive. and you have to wonder how many people watching now, watch for laughs.
Captive audiences...waiting rooms at doctor, mechanic, and dentist...at the gym...etc ad nauseam
Actually none of the above - football season is underway.
CNBC, such as it is, is still a specialized and esoteric viewing experience for Joe Sixpack on the couch. All them numbers and fancy talk. It may be garbage to the rareified posters here but it's rocket science to the grunts.
always was and always will be....funny how they cover it like it's 'fashion'. twits.
Likely to break out down, as all stops are pulled to support the market bubble.
oops, i may have missed my moment. AGAIN. dammit.
wow, we got the shoot out at the OK Corral going on......
will we beat JPM today? will the good guys finally win?
Price of gold on Sep. 10th, 2001, the day before the horrible terrible Osama bin Subcontractor attacked us because he hates our Freedom Fries: $271.50. Current price of gold: $1,249 - up 360%.
Price of S&P 500 on Sep. 10th, 2001: 1,093. Current S&P 500: 1,110 - Up 2%
This does not take into account the dividends that one would have gotten from owning the stocks but I doubt that it would make much difference. (“Current” price as of 4:30 PM September 10, 2010)
Gold up 360% stocks up 1%
Comrade peasants, we have been at war with the horrible terrible Islamo-fascists for nine years. Show me one war in all history without an increase in commodity prices or without an increase in the desire for gold, just one.
I'm seeing up 460%
Check your math
Up 100% =$532
Up 200% =$813
Up 300%=$1,084
Up 400%=$1,355
checked...not sure what I was thinking...well, yea I do and I was wrong.
I did the old 271 x 4.6
No biggie. The important thing is to get silver/gold and canned food (and guns/ammo if that's your perspective). I got 400 cans of food and a small stash of gold/silver. Me, I was a merc in (the former) Yugoslavia and I think we'll head down that road if the goobermint doesn't feed the peasants. If real hunger sets in I'll get a gat/ammo and head to a small town in the hills.
http://www.survivalistboards.com/showthread.php?t=89544&highlight=CHITTUM
Above is my basic combat shooting course for all you AR15 range shooters who've never been in the meat grinder. Enjoy.
My canned food from 2007 is expired...didn't have as much as you, but may need to go get some more.
Been buying a little ammo here and there...mostly for hunting, though. Live on the saltwater so have fish/shellfish pretty much covered year-round.
Veggies and whatnot are another story.
This is getting interesting
Silver is the 800 LB Gorilla right now
Nice !
I reckon it'll bounce eratically to 21.5 and then it gets interesting. It'll end the year more like 28. and gold will be 1350. end 2011 my target for silver is 48. Based on moderately increasing gold price and a drastic reduction in the long term gold/silver ratio. As silver starts to come into play both as an industrial product and a more strategic investment. The silver market is relatively small and it won't take much of a push to go there.
Gold charts are like bras. The longer you stare at them the more you want what they support.
I'd say more like Viagra: You get headaches and blurred vision, but the results are outstanding.
yeah but even the blurred vision can be a blessing at closing time, rocky.
Yup. She was a 2 at 10, and a 10 at 2.
lol, and on all 4 at 4?
oops, probably crossed a line there somewhere...
Not in my book. Been there done dat.
and upstanding :-)
What's going on with Silver? Jamie personally assured me he would not let silver go this high. Lying weasel that he is!
at 1250 pay close attention, at 1252/3 it's off to the moon for a while.
To the mooooooooon!
For the first time in over 2 years I hope the price of gold goes DOWN. I'm tired of sitting idly by while waititng for hyperinflation so I'm going to work for a year(or until we go hyper) to accumulate more of the yellow stuff.
Johnyyyyyyyyyyyy!!!!!!!
Updated DOW weekly chart:
http://stockmarket618.wordpress.com
Events affecting the miners this week:
Shareholder vote on Kinross buying Red Back:
http://watch.bnn.ca/the-street/september-2010/the-street-september-13-20...
(Red Back trading at ~60p/e - keep that in mind when people discuss this deal and how they gainsay their argument)
Also, Taseko mining will receive the decision about their Prosperity mining prospect Tuesday. The environmental concerns here will affect mining throughout Canada. A tailings impoundment area license is invaluable in this context, as is the support of First Nations:
http://www.theglobeandmail.com/news/national/british-columbia/major-find...
(as would the copper price, since Taseko is a COPPER miner)
I voted in favour because everyone thinks they over-paid. That's a sure sign that they didn't.
It would be interesting if Tye Burt actually knew his stuff, and anticipates that the deal will be rejected. With the onset of an equity decline, then Kinross would be in a much better position to acquire.
If you are a Red Back shareholder, might be better to divest, then watch the result.