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Gold Storms Above 200 DMA
Remember when various economics professors and self-anointed Ph.D'ed market timers said to sell everything because the gold 200 DMA had been breached to the downside, never to be crossed back again, to which our simple retort was, "Many are doing their damnedest Ph.D.-best to somehow fuse economic theory and technical charting, and state that a breach of the 200 DMA in gold is indicative of imminent price collapse. And then there are facts. Such as this nugget from Stone McCarthy which looks at previous episodes of the 200 DMA breach and concludes based on severity of trendline penetration compared to average, that "this is just one reason we see strong potential for a rebound as participants reduce short exposure." So much for technicals." Sure enough: less than a month later, and $100 higher, gold is right back above the 200 DMA. Oh, and we expect to hear nothing from said academics for a long time.
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Tyler 12: Roubini 1
Physical Gold purchasers: 8 Trillion
Jon Nadler: 0
Well, I said I wasn't selling, and I didn't...
I fully realize that I am powerless to save the majority of wide eyed lemmings on this board, but in the hope that I might save a few innocent souls, PLEASE research false breakouts and bull traps:
http://www.investopedia.com/terms/b/bulltrap.asp#axzz1j42ENFjR
It just breaks my heart to see so many trusting and naive amateurs chase these bubble pumpers of the edge of a cliff in a fit of bind hope. Please, just stop the hysteria and THINK for a second - I'm trying to HELP you.
Done. Thank you... for the laugh.
I am actually beginning to enjoy Million's posts. There is no hope for me.
Roubini has been more wrong than 85% of the common people on this blog.
That's a pretty bad record for someone so highly edumacated, with the ego to match.
Rumor has it Roubini got a new TiVo for xmas. He can watch re-runs of his interviews and remain in his own bubble. Between that and the pocket mirror he got for his birthday, he'll be just fine.
I think that Count Chocula ought to stick with what he's best at: modeling for children's breakfast cereal boxes.
Y = C + I - G + lNXl
Roubini. Douchebags Anonymous.
"Hi, I'm a recovering douchebag. It started when I got my PhD in......."
Lots of FAKE GOLD & SILVER on the secondary market being flogged off. If you don't check, it aint real.
I´d rather buy a fake Krug than a "real" stock anyway...
Just check, learn whats real, and don't get ripped off by anyone. I've seen identical coins, with a slight difference in weights, you have to file to check, and silver with 9999 stamped instead of 999.
Gold does not abide by banal technical analysis and the arm-waving "experts" know this know this. Yet, they continue to play sock puppet for the string-pullers of the NWO. They better make sure they get their 30 pieces of silver in physical...
Well if you're buying Maple Leafs they're all stamped .9999.
the guy is buying shit in a back alley in chinatown.
All I'm saying is check. Some of these fakes will make it to the dealers.
Or are all the junks from net seller of fake silver?
http://www.marketoracle.co.uk/Article32516.html
Not all PhDs are douchebags. Some of us have been trained in the Austrian school and have been screaming from the rooftops to get out of that bubble in fiat and get into real stuff. I prefer gold, but arable farmland, torches, pitchforks, chickens...it will all work just fine.
See _The Dying of Money_ by Jens Parsson. Obscure little book with some good insight.
Didi you think this was a netlix post? It may be in a bubble territory.
"THINK for a second - I'm trying to HELP you."
Um, nooooo. We are trying to help you. Although I have a suspicion you are unhelpable.
Gold is the unstoppable force about to meet you...the immovable object.
Here are the odds Lords of London are giving you-
(for those who are unfortunately a product of the failed mass public education sort and dont get it...the joke is there is nothing there)
MDB... Gold has kicked the shit out of equities for the last 11 years...
and, now I rest my case.
With all due respect Snidley, gold does not pay an income and is a niche investment that traditionally appeals to conspiracy theorists and right-wing extremists. Furthermore, this investment runs contrary to the views of top fund managers and economic experts at some of the world's top financial institutions.
I think we see the picture here.
You’re preaching in the wrong church dude.
I think it is prudent to invest in anything that is "contrary to the views of top fund managers and economic experts as some the world's top financial institutions" given their track record of the last few years.
That 'niche' investment helped my grandparents through the depression... you aren't using the right glasses...
yep, fucking conspiracy theorists and right-wing extremists used gold as money for 5,000 years. If only they knew how prosperity is unlimited and can be distributed via electrons.
People are poor because there isn't enough money. So with unlimited electrons, everyone can be rich. Like Zimbabwe, everyone there was a trillionaire, I've never seen a country as prosperous as Zimbabwe in all of human history.
Furthermore, this investment runs contrary to the views of top fund managers and economic experts at some of the world's top financial institutions.
---
well, when you put it that way...
Furthermore, this investment runs contrary to the views of top fund managers and economic experts at some of the world's top financial institutions.
MDB - sometimes a majority means that all the idiots are on one side of the fence.
Why would a fund manager recommend to buy physical gold/silver rather than invest with him?
dollar bill don't pays an income either, unless you give it away on the promise of an income. We just not stupid enough to do that with gold.
I’ve been buying below $1610 but I’m not convinced by this move.
It feels like a rebound after a harsh selloff. But since the FED and ECB and not printing yet (or are they ?) I don’t buy this move.
Only time will tell.
BTFD, aye. But it'll be dippin quite a bit more. BTW nice calls on silver.
I dont make lots of money. Intently trying to save enough to buy half an once in the next month. Whether market price is 1400 or 1700 is not a factor to me, priority is getting it in my hands. I'll see how I can do, semi-formal gold dealers seem rare here (in Ecuador I'd just buy it by the gram in 24k sheets off goldsmithing supplies shops). Anybody's got a good contact in Panama?
If you aren't buying ounces you are losing a lot to premium. You may be better off stacking silver right now especially with the ratio at 1:50. Trade up for gold when the ratio drops.
Once I unload my physical at these "bubble" prices, which virtual paper products do you reccomend I plow the proceeds into?
Huggies brand Diaper's
Gold could very easily double this year. Silver as well.
Pandora Style Beads
Perhaps an education in financial and monetary history would be a good start.
It's probably too early to tell, either way, whether this is a 'bull trap' as you say - but the complement of the bull trap is the bear trap, of course.
My personal view is that the sheer weight (no pun intended..) of sentiment is pushing gold higher, despite the desperate attempts of the manipulators (or more kindlily, the influential & powerful market makers) to keep fiat in the frame. I regard every purchase of gold I make as taking my money 'off the table' & beyond use of deposit takers, equities & the financial instrument makers/sellers (inc. fiat printers) . I've backed my hunch & bought this dip mightily (well, as mightily as the average Joe can..)
It just breaks my heart to see . . . I'm trying to HELP you.
breaks your heart --but our backs. banks. and balls, to see so much altruism and philanthropy from those of you in the charity circuit who are here showing just so much more love, of all mankind, than we otherwise poor, raped and robbed can ever get used to. beautiful
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toe-the-line, boyo |
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breaking your heart. word. faith, along with
every law and social contract ever known
perhaps there'll too come a time when we can also show you broken. nose. teeth. bones. rope
Cryptic and confused once again, as always.
Speaking of which - havn't seen velobabe in a while....
I must admit that after a while, I just automatically skipped over her garbled, seemingly nonsensical posts. I simply could not squeeze a coherent thought out of almost any of them. The fondness of many other posters for her muddled sentence fragments was a complete mystery to me.
If Roubini banged Gartman and they spawned a healthy 8lb golden nugget, would they put it up for adoption?
They would bury it in the yard and never, ever tell.
They would circumcise it. TRADITION!
Gold breaks the 200DMA almost every year. It means nothing except for a buying opportunity.
However, there is one thing that is different than in past years. Not different for gold, that remains the same, but for the dollar.
And that is Europe. The Euro is in serious trouble, and that is dollar bullish. Whatever is dollar bullish in generally gold bearish.
Thus I'm going to remain cautious. I'm not selling my gold, but I'm going to be cautious about buying more. I'm satisfied for now to sit on lots of CEF and cash.
Good thinking... and besides: A rise of 9 US$ above MA200 does not make a "storm" at least not in my "waterglas" - not at all.... ;-)
Keep on Tiptoeing and wading around that goldpuddle with a US$ that looks as if it was going to explode (to the upside).... Let the others probe that puddle's depth (and lose their shoes in this swamp)...
"I can't keep my hands inside my pockets, while i'm looking at those rockets"
That is why Uncle Ben will print, because he can.
Also a wild card, what if China is so fucked up they are forced to sell T-Bills?
Turn off the TV. The idea that a falling Euro is fundamentally bad for gold or good for the dollar is pure nonsense. If you believe that, you are brainwashed. All paper is shit. One piece of paper losing purchasing power faster than another does not add value to any other paper currency.
It's all a game called, "Hide the Golden Pickle".
USD: The leper with the most fingers.
The last fiat down the toilet bowl.
Please add more...
Absolutely correct Quinvarius - what the failed euro/strong dollar/weak gold preachers are missing is the practical and emotional impact of a failed Euro on tens of millions of people in Europe who would see their financial future ruined. What would they do with what little they had left? What have they always done in the past? They would buy gold and silver, and hide it as best they could, knowing that in the coming storm it would be the only refuge, however fragile. Here in the US we don't have the history of war, famine, revolution, invasion, tyranny, torture and failed states to instruct us so most of us will be lost when things fall apart, as they appear to be in the process of doing. Those who are now prudently converting at least some of their assets to gold and silver are showing that they understand history and cycles and human behavior under stress. And the biggest difference between the US and Europe is that we are armed. The impact of that difference will be obvious as the coming economic and social collapse plays itself out. Gold, silver, long guns and ammunition will provide a buffer against chaos for at least some of us - God help the rest, because nothing else will.
All paper is indeed shit...in the long run. I'm looking at the medium term right now.
I learned from 2008. I see no reason why there won't be a panicked flight to gold when the Euro crumbles. A spike higher in the dollar will knock the gold price down...and thus make a golden (pardon the pun) buying opportunity for gold.
This is all a bull market, and thus makes everyone look smart that gets on board. I'm just saying that I want to look a little smarter than average is all.
Well, technically it has to break the average regularly. Otherwise, you would have exponential growth (or decline).
what?
no GOLD BITCHEZ! ?
Those bitchez appear to be sans gold.
Is Roubini a billionaire. Self-made by shrewd investing? If not, his advice is crap.
Roubini took out a mortgage for his new bachelor pad. Enuff said.
By my estimate a mortgage is a good way to short the dollar, no? Why not have a mortgage - it gives you more cash to buy PM's.
Don't forget another yet another (in)famous prognostication by Roubeany, here speaking about gold:
I think we all know where the nonsense truly lies, Count Chocula, and it's not with gold.
Me thinks the lady doth protest too much...
Don't believe anything the banks, equity brokers, Phd egg heads, CNBC types, Soros, or their like are telling you. Develop your own strategy and stick to it.
Personally I believe that certain institutions, that once had trust and standing, are now so desperate for survival, that they must pump and dump whatever asset class might be moveable. Today may be gold, Wednesday may be bonds. The angle is to entice you to bet with the heard and get sheared.
My grandmother lived through the great depression. Her garage was full of canned food and freezers full of meat. Whenever I would visit her she would make me clean out the garage. She never told me to live like that, but I think she wanted me to see her stores.
Then after she had worked my butt off she would show me two things. First she would show me a bank book with a small savings account she started for me. Then she would show me what she called "real money" - my silver coins.
I wonder what she would be saying right now?
She'd be saying that a society that doesn't learn from its mistakes are doomed to repeat them.
"Get off the fuckin computer and clean that garage, Melvin."
Great story, cool Grandma. I like the way she taught.
But.. but.. but, Roubini said that it was a bubble?
Correction: He said it was in a BAUBLE...
A "BAUBLE", in economic terms, I suppose, is the area within the candlesticks below the 200MA...
Not too fast. It's a risk on day and the dollar is going down. Gold trading higher on a day like this is not enough to prove whether true strength has returned to the asset.
Soooo . . . .
What would you be saying if gold had DROPPED by $50. today?
Kinda of a stupid question since it isn't.
When did "true strength" leave the asset?
LOL
If gold drops by $50 literally TODAY, I would say "oh well"... such a drop today would suggest to me that the recent run up to pierce 200 DMA has failed spectacularly and the correction in precious metals is not over yet.
OH I see, 1 day of trading data will confirm whether or not gold is an 'asset'? Thats just silly.
physical gold and silver is an asset
physical real estate is an asset
everything else is just an IOU.
Roubini got luckly with his doomsday prognosticating. Why waste time on him and leprechauns?
Gold is tricky.
Your mother's smelly asshole.
We're going into more deflation.
You have to time the bubble.
And good luck with that.
Deflation of what, the dollar?
Dammit, who brought Robert Reich into the conversation?
Golllllllllllllllddddddd ahhhhhhh always believe in you baby XXX
Preaching to the choir Tyler. Short all "academics" and paper pushing fucknuts, long all things physical.
Lets TWEET BOMB this
Nouriel Roubinichump..LOser Loser
Roubini is a DICK!
I will say Gold has been very quiet this last two weeks....not a mention on CNBC or anywhere....Holidays yes...but Greece and Italy live on....and Iran...and..........
I thought they were suppose to have all that stuff fixed by now.
count me in as wrong on this lastest gold move.....ouch.... just love this market.. gold oil stocks all up ha ha at least I am long NFLX for about 34 more mins...lol
Stocks sailing along just fine, headed back to ALL-TIME bubble top highs, hell now we're only around 1,500 DOW points away from the world record high....QE left behind on the pier.
Those 'can't-find-their-ass-with-both-hands' economics professors are good for something at least: scaring the weak-spined idiots out of their gold-silver thereby allowing us "stupid people" to accumulate more on-the-cheap!
that's because most econ profs don't look at things from the inside out...
Most economics professors believe in fairy tales.
Those who can... DO
Those who can't... TEACH
Those who can't teach... TEACH GYM
Those who can't teach gym... become ECONOMICS PROFESSORS
Those who can't teach economics... become JOURNALISM PROFESSORS.
We never said this was easy money. Our thesis has been and will be "gold is real money".
An eat shit to Gartman too!
Charting is a fool's game. Always has been, always will.
Right. Especially what is so f***ing special about a 200 day moving average. Why not 138 day, 213.228 day, 183 1/2 day ? And on what time scale chart ? Weekly, daily, every minute? I have never seen a convincing explanation for any moving average other than "they are regarded as significant by some technical traders".It's amazing that they are such frigging lemmings.
Dont think for a second that these Royal Houses don't like Gold... they do... they have for ages. Sun-worshippers love they're gold...
That's why they try to scare us slaves into not owning any. "Here, take these pretty pieces of paper with our likenesses on them instead. It's sophisticated, trust us." Fucking pagans.
We are dealing with pagans alright. Luciferian fucks. Illuminated ones - who think it is they're divine right to control us massess...
They think that the Sun is at the centre of the universe...Sun-worshippers. Nothing new under the Sun.
The only reason, in my opinion, why those who stack will do well - is because these pagan fucks do like it as well. the end.
If they didnt - they would take care of it, dont worry about. We are doing fine for those that stack because we are riding on theyre PM train - i dont need a chart to tell me that - 5,000 years of OCCULT history is all laid out for those that can 'see.'
So...whether its right or wrong - it dont matter... just use it - Au/Ag for good in the end if possible.
Jesus. That's enough to make me wonder whether I should sell out now.
Today (main page Yahoo): A new book reports that the Obama White House hosted an extravagant "Alice in Wonderland" party in the fall of 2009, designed by director Tim Burton and featuring actor Johnny Depp.
=
Occultists... all of them.
Pagans. Druids. Illuminati. Luciferians. Bloodline of the Merovingian/Frankish Kings - with ALL 44 presidents decendants of that line. Welcome to the real world - we are being ruled by occultists.
And they love Gold.
Please tell me Dr. Paul is a third cousin twice-removed in that bloodline!
No - i dont think the good Dr RP is a part of that lineage... thats why he wont get in - he wasnt born into it. He is not meant to lead.
He would just disappoint us all anyway - indirectly - becuase he would need to follow orders no matter what he thinks or says.lol. What - he is going to go against and DEFY the Royal Houses of Europe? You nuts?
Its best to think and remember the good Dr in the good light.
Romney on the other hand - has some lineage. His Great-great grandaddy just happens to be Parley Pratt. Parley Pratt had 12 wives (paganism) and was an apostle of Joseph Smith - YES - the founder of the Mormon church...
How is that for a blood tie... my grandaddy is buddies with Mark or Luke or John - who walked with Jesus... same idea...
Mormon Church is massive - and Romneys grandfather (great) just happens to be a founding Father with the Jesus figure himself - Joseph Smith.
Now lets go out and vote!
Tyler , i recently came across this video and i think this is one of the best summaries i have seen in a very long time about the FED . Probably worth a front page one of these days :
http://www.youtube.com/watch?v=ZPWH5TlbloU&feature=player_embedded#!
NYMEX wholesale gasoline storming too...knock knock knockin' on $2.80/gallon, up over 10% in a couple of weeks. $3.00 is Bad News.
Gotta push the turd to squeeze out every last penny from retail before it drops.
Crazy at the pump gas is whipsawing like crazy here, $2.90 here down a good .30 cents in a week...and there goes stocks up again of course throwing buckets of water in the face of banksters pleas for QE3.
This is some pretty wild volatility here. Don't be surprised to see some in the opposite direction.
The paper price is irrelevent. All that matters are the ozs. Anyone who tells you different is trying to sterilize you.
Sterilize yourself.
The paper price is the physical price, you've agreed with me on this.
Just stfu already about this non-sense.
DIAF
I had to look that up.
You made my coffee come out through my nose.
Hopefully it was good coffee?
Before going through the nose-filter, yes.
I looked it up too.
DIAFDie in A Fire
DIAFDashanzi International Art Festival (Beijing, China)
DIAFDominant Introverted Abstract Feeler (Jung personality type indicator)
DIAFDeutsches Institut für Animationsfilm eV (German)
I am assuming it's "Die in a Fire". In which case, I concur.
Please point out where I have said that those are the same. If "I" actually posted that, then I need to change my account password as my account has been compromised.
That is 100% against my thesis. You might as well tell the Pope that he agreed that Satan was superior to God.
JFC I have to re-type the convo?
Me:
The best way to buy a commodity is by buying the future contract (paper) like gold and taking delivery. This is how you buy at spot and take delivery. If you go to a dealer you're paying 3-6% over spot
You:
You're right, the best way to buy a commodity @ spot is buying the futures contract.
....then you went on your "the COMEX is imminently defaulting" tip, which apparently has been on the verge of imminently defaulting for the last year in your mind.
And one day you'll be proven right, but one day aliens will invade too and take all our bases.
My God you are fucking retarded. Did you remember the rest of that comment? You know, the part where I said that the last set of people who did that had everything stolen from them? IT ISN'T A VIABLE OPTION ANYMORE, YOU DUMB FUCK.
And for those of you keeping score, that shit was a straight-up default by the COMEX, because the COMEX refused to deliver to people who stood for delivery.
I truly don't see how anyone can argue with that statement.
What I don't understand now is -- why are the current silver longs in the COMEX apparently so unshakeable? Do they have good reason to believe that the same thing cannot happen again? I would have thought that, after MFG, everybody would just leave that market, but they're not.
Ideas?
Honestly, I have no idea. I wouldn't be surprised if the longs had all bailed and the "new" longs were just the banks going both long and short to keep up appearances. OI in silver might support this hypothesis, but I honestly have no idea. Maybe some people are just ill-informed. i remain amazed at the sheer number of people I talk to who have no idea what MF Global was, much less what the impact of the actions before, during, and after their bankruptcy filing are.
Buying futures at one time may have been a good strategy. MFG and its games have shown possesion is 9/10ths of the law. If the commodity ain't in your possession, it ain't yours. I don't trust the CRIMEX and I don't trust paper gold.
Well, to be fair, the pope has agreed that Satan is superior to God, what with the doctrine that jesus' word is only true because the pope said it is so and that "the salvation of every man's soul rests in the pope"...
Please note, not in Christ, not in God, but in the pope, a fallible human...
Maybe tmosley just means 'the price' in this instance. As in, pursue the goal of accumulation without distraction.
ESAD
How come we never get these headlines when gold drops through the 200 SMA?
Eh? I'm pretty sure we did, actually.
Use the search function. Suggested seach phrase is "gold falls".
where is that tweeting idiot Roubini these days. mirror mirror on the wall.............
best part of these smashes has been the ability to acquire phyzz at lower prices.
Does somebody here have made a 2 securities comp and correlation analysis between gold & EURUSD Here?
In the short run the corelation is mostly positive and when it's negative, it's above -0.4 ...
Academia is so overrated... Wonder how many academics are required to plow a field, because that's the only job they're gonna get in the near future.
Economists and market gurus need to understand that gold should only be watched as a canary in a coal mine -- it will warn us when it's time to vacate the mines.
Robo pukin up blood in the corner.....no mas....no MAS!!
I was waiting to hear him cheer about LULU
Don't forget about Netflix!
Hey RobotShitforBrains, how's that blowtorching workin' for ya?
Ag was up >4% this AM.. now, it's only up 3.61% ... FUCK!!!!
My good friend Au! Nice to see you looking chipper on this fine winter day.
Oh, and we expect to hear nothing from said academics for a long time.
silence is all you will hear(if that is possible:)
IMO they are closet buyers as i trust VERY few humanoids...
MF Global news" But reclaiming the missing money may prove harder than locating it. That’s because much of it went overseas, where bankruptcy laws often conflict with those in the United States." NYT
Sounds more like a loophole
Follow the money
Gartman will be on CNBC this morning telling us he is now bullish (His fourth reversal in about as many months).
Or maybe not. He's a great contra-indicater. If he stays bearish then gold will keep going up!
only good mf glob did was wake up the non-believers.
no mater what! PHYS is better that paper.
for me, all else bullshit.
anything phys with usefullness for everyday activities.
get your house in order!
the other house a commin down...
"gold 200 DMA had been breached to the downside, never to be crossed back again" ?
Some fool economists actually said that, did they ?
Keep stacking.
Gold never crossed the 300 DMA line. Nobody ever got rich from TA!
It is better to be 1 year early than 1 day late - German proverb.
That's what I always said about my girlfriends' periods.
IMO the best thing to do is list your gold for sale on ebay at astronomical prices. Time to force decoupling.
Those who cant do, teach
Those who cant do, teach
That's garbage, by the way. The best teachers are those with field experience.
Oil and Silver (USO and SLV) look pretty cheap now too.
Somebody told me that a commentator can pay for airtime. It would explain a lot of lousy guests. And people wonder why the audience continues to shrink.
Dennis Gartman out of gold, proclaims ‘death of a bull’ (13-Dec)
Gartman admits he made a bad call on gold (5-Jan)