Peak Theories' Short-Term Views On Gold

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Thu, 01/20/2011 - 12:34 | 890136 Bastiat
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"Caution is advised around gold in the near- to intermediate-term due to this potential near- to intermediate-term reversal."

Ya think?


Thu, 01/20/2011 - 12:40 | 890161 JonNadler
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gold is collapsing! Sell it before it goes down to 200 an ounce!

Thu, 01/20/2011 - 13:05 | 890259 downrodeo
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200 an ounce gold would be a wet dream yo!

Thu, 01/20/2011 - 13:28 | 890345 philgramm
philgramm's picture

I'd be able to buy 6 times as much.  24 ounces instead of 4 ounces?  definitely a wet dream.  Nadler can pick up his NFLX and AAPL.  

Thu, 01/20/2011 - 13:36 | 890366 Turd Ferguson
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I really don't care what this broad says in the video. Please read this update. I have a high level of confidence in it:

Thu, 01/20/2011 - 13:43 | 890388 goldmiddelfinger
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You fcking troll. Telling me to buy at $1430 !!

Thu, 01/20/2011 - 13:45 | 890399 tmosley
tmosley's picture

Talk about the pot calling the porcelain black.

Thu, 01/20/2011 - 14:07 | 890467 greenbear
greenbear's picture

Thanks for the chuckle!

Thu, 01/20/2011 - 15:51 | 890799 DosZap
DosZap's picture


You just do not get it do you?.

$1430, $2000.00, the price in Fiat is irrelevant.

When the Show starts,you will be kicking yourself in the ass for selling, and wishing you could get it at $5k.

Thu, 01/20/2011 - 16:53 | 891127 TheJudge2012
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If you want to buy high again then wait until next month.

Thu, 01/20/2011 - 14:03 | 890463 Watauga
Watauga's picture

Turd:  Love your posts, generally, but on this one, I don't think "the broad" is that far off from where you are.  She is talking only short term and intermediate term, at most.  And she is talking about a $1258 bottom on this pullback, with a slight chance of dipping to $1150 or so.  None of that is a surprise.  It is a standard sort of pullback necessary to consolidate the long term run up to levels you foresee.  Gold will reach your levels, and possibly within your timeframe, but this pullback will take gold closer to $1250 in the short term.  When it hits $1250, it is time to buy.

NOW, to my single, fundamental question: do we buy ONLY physical PMs or is it safe to dip into paper PMs (e.g., AGQ, UGL, GLD, SLV) when we buy this dip?

Thu, 01/20/2011 - 15:53 | 890692 Misstrial
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I would say so. That's what I do anyways. The paper goes down with the physical, so when I want to buy more CEF, then I wait for a downdraft. 


PS: I didn't junk you, btw. 

Thu, 01/20/2011 - 15:58 | 890840 DosZap
DosZap's picture


Even if she's correct or close, also the Turdmeister(IS), your still basically looking at $1,300.00+ gold w/prems.

So how HUGE a drop is it really?,granted if you want to add to your holdings, a $100.00 pick up is great, and I will snag some.

IF it can be found,whoever wants to add, start holding the real deal, better be CASH rich, and a fast SOB.

Thu, 01/20/2011 - 20:31 | 891858 txapela
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when shit starts hitting the fan, and i mean seriously hitting the fan, sell all paper and buy into closed funds of PMs or PMs proper.


GLD and SLV have custodians for their stuff, HSBC and JPM respectively. And most of their stuff is lent to them either ways. I mean, most of the GLD gold belongs to the Bank of England, who in turn get equivalent market value in terms of pounds or euros or $$$ for loaning their physical to GLD, who in turn gives it to HSBC to store. lol.

Thu, 01/20/2011 - 15:30 | 890713 Misstrial
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I like your blog, TF. Only thing is, when I see "TF" I think of well, Ticker Forum...

In any event, if the U.S. Mint halts production of gold or silver eagles, buffaloes, AS THEY HAVE IN THE RECENT PAST, then whether or not prices have lowered won't make any difference if you're not able to get these coins.

Obviously you can buy Krugerrands or Philharmonics etc instead, however you won't get the tax benefits of Eagles.


Thu, 01/20/2011 - 13:38 | 890373 tmosley
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Unlikely.  The premium for physical would probably be $2000 a toz at that point, and even then, it will be hard to source.

Thu, 01/20/2011 - 13:45 | 890401 goldmiddelfinger
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when you finish jerking off return the magazine to Dad

Thu, 01/20/2011 - 14:45 | 890578 tmosley
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UR so kewl.  You don't use punctuation and doesn't afraid of anything.

Thu, 01/20/2011 - 15:34 | 890726 oddjob
oddjob's picture

Cashed my ZSL options and sold puts on SLW today.Play it right and you can ring the register on up and down days.

Thu, 01/20/2011 - 16:00 | 890846 DosZap
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Sorry, but your really getting to be a PITA.

Do they have an FRN Board you can join?.

Thu, 01/20/2011 - 13:44 | 890395 unwashedmass
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highly reco for those looking to get into the physical during this sale by JPM......

Thu, 01/20/2011 - 12:43 | 890171 SheepDog-One
SheepDog-One's picture

Same as anything else out there, look at any of the totaly manipulated markets and try to find the 'safe haven', good luck. Its all manipulated BS and who knows when the wheels will come flying off but I'll take a safe full of silver and gold over anything else right now.

Thu, 01/20/2011 - 13:07 | 890270 Double down
Double down's picture

When is a statement like that not true?

Thu, 01/20/2011 - 15:35 | 890732 Gigliola Cinquetti
Gigliola Cinquetti's picture

Never , it's called a tautology . always true , alas totally meaningless

Thu, 01/20/2011 - 13:07 | 890273 IBelieveInMagic
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OT, I had sold a PUT (it appears in my Orders tab) but it has not been updated in my transaction history -- it has never been delayed this way in the past. The PUT price has not increased since my trade -- I am wondering if my brokerage firm is front running me to the extent of buying my PUT with hope of flipping it higher and so has kept my transaction pending and hence not updated my transaction history.

Would appreciate any thoughts on this situation from the trading community.. 

Thu, 01/20/2011 - 15:37 | 890740 Amish Hacker
Amish Hacker's picture

I'm no expert, but this doesn't sound right to me. Unless you sold with limit/stop conditions, or you were trying to sell enormous volume, your order should have been executed nearly instantly. The market maker in those options (who is not necessarily your broker) has many ways to screw you, but holding up your order more than a few seconds isn't likely.

Thu, 01/20/2011 - 15:39 | 890748 Misstrial
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Thu, 01/20/2011 - 15:37 | 890742 Misstrial
Misstrial's picture

Could be, could be....who's your broker? (Hope its not OptionMonster or TradeMonster).

My RIA told me this goes on all the time with Options trading.Traders can see what your trade is and up the price or take an opposing position to your disadvantage.

Its the Najarian brothers.


Thu, 01/20/2011 - 13:07 | 890277 High Plains Drifter
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Who is this babe with the business suit on? 

Thu, 01/20/2011 - 12:34 | 890138 almost_have_a_name
almost_have_a_name's picture

"Watch out for the near-term, the mid-term, middle-far-term, far-out-middle-term, and don't forget to cover your a$$ in the meantime."

Pretty scarry gibberish, if you think of it. Back to the riot chanel.


Thu, 01/20/2011 - 12:37 | 890147 Cash_is_Trash
Cash_is_Trash's picture

So many to choose from: Tunisia, Bangladesh...

Oooh, how about Mexico's relentless rise in narco-related murders and civilian deaths.

Or the unwinnable wars in Iraq and Afghanistan.

Thu, 01/20/2011 - 12:42 | 890168 Ray1968
Ray1968's picture

Reminds me of the old Steve Martin bit about smoking:

"I would only smoke it in the late evening. Oh, occasionally the early evening, but usually the late evening - or the mid-evening. Just the early evening, midevening and late evening. Occasionally, early afternoon, early mid-afternoon, or perhaps the late-midafternoon. Oh, sometimes the early-mid-late-early morning. . . But never at dusk! Never at dusk, I would never do that"

Thu, 01/20/2011 - 12:37 | 890144 drswhaley
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Who is this Doolittle, and does she have a doctorate degree, and if so, in what?

Thu, 01/20/2011 - 12:40 | 890149 Pladizow
Pladizow's picture

She was the singer from American Idol a couple of years ago that looked like Shrek's donkey.

Thu, 01/20/2011 - 13:33 | 890362 Bastiat
Bastiat's picture

Still chuckling over that comment!

Thu, 01/20/2011 - 14:32 | 890543 Arius
Arius's picture

i thought you guys were serious...thought perhaps, some former "star" talking about monetary issues...who knows what the next tactic will be...i mean really when is about gold nothing would suprise me - anything could happen

so I went to watch the video (of course did watch all the talk of the "expert") - then i too chuckled at the American idol comment...she could make a good potential Idol candidate assuming the show is still on by the time she is broke and looking for smt else...americans getting bored to voting their own pop star

Thu, 01/20/2011 - 16:06 | 890871 DosZap
DosZap's picture

Way OT, but pladiozow,your Avatar is killing me!!!!

Between RT, and you, my concentration, and reading skills decline precipitously.

(PS;Where did you find it?, LOL).

Thu, 01/20/2011 - 17:32 | 891346 Strider52
Strider52's picture

meh, his is OK, I guess...

Thu, 01/20/2011 - 12:44 | 890173 Gene Parmesan
Gene Parmesan's picture

If she does it's not in acoustics or focusing a camera.

Thu, 01/20/2011 - 12:44 | 890176 Thomas
Thomas's picture

Who cares? A hot chick who can talk about gold: Does it get any better than that?

Thu, 01/20/2011 - 13:02 | 890247 metastar
metastar's picture

If she diggs gold, she must be a gold digger.

Thu, 01/20/2011 - 13:09 | 890283 High Plains Drifter
High Plains Drifter's picture

Hot chicks like gold. They like diamonds better.

Thu, 01/20/2011 - 14:36 | 890554 Horatio Beanblower
Horatio Beanblower's picture

Those chicks need to learn about divisibility.

Thu, 01/20/2011 - 15:06 | 890635 High Plains Drifter
High Plains Drifter's picture

Oh they know about divisibility real well.  When the smoke clears and the dividing has been done, there you are sitting on the curb with nothing while she is taking a bubble bath in what used to be your house.

Thu, 01/20/2011 - 15:09 | 890650 1223pm
1223pm's picture

There is nothing like Physical once you have your hands on it. no turning back.


Thu, 01/20/2011 - 16:08 | 890879 DosZap
DosZap's picture

Its because they do not know any better.

A 6-8 Carat CZ can get you a long way.LOL

Thu, 01/20/2011 - 12:45 | 890181 SheepDog-One
SheepDog-One's picture

If she had a doctorate degree, then I'd immediately ignore her.

Thu, 01/20/2011 - 13:11 | 890291 High Plains Drifter
High Plains Drifter's picture

I bet if she took her top off you wouldn't ignore her....

Thu, 01/20/2011 - 13:32 | 890360 Bastiat
Bastiat's picture

It would likely get me to watch longer than 15 seconds--but maybe not.

Thu, 01/20/2011 - 12:54 | 890221 ThePermabear
ThePermabear's picture

I pulled her Bio from her website, Peak Theories Research . . .

Abigail Doolittle started Peak Theories Research in May 2009. She has 12 years of experience in the financial services industry. Abigail decided to devote herself fully to PTR and her passion for technical analysis by leaving Hugh Johnson Advisors at the end of 2010. While at HJA, Abigail was the firm's Director of Business Development while also having been a Portfolio Manager at the firm. Prior to HJA, she spent 6 years at the former First Albany Capital as an institutional sales person and a research product manager. She started her career on Wall Street with Morgan Stanley’s real estate investment banking department. Abigail graduated from Colgate University with a degree in philosophy

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