66 replies to this topic

[johngeorge]

stubaby Thanks for the great charts! "Good bet on management!" That's exactly why I bought it.........a bet on Rob McEwen. Best to you.

[dharma]

this is really getting interesting from my perspective. here is what i see. we have resistance 1392-1409 w/the round #also included in there. we have the fed determined to keep interest rates low. and their policy is designed for that effect. buying 75 billion a month in bonds. and yet rates are rising. are rising rates suggesting improving economic conditions? or/and are they suggesting that we are going to have inflation. i lean towards the later. on every level of society folks are taped out. too much debt. but, all that money sloshing around will lead to higher commodity prices. which may be rogers thinking. we are in the seasonally strong part of the year. does mean that we cant correct? absolutely not. my stuff shows the strength in january, how we finish december is the wild card. if that were not enough irons in the fire, you have a former vampire squid employee in charge of the cftc , and he is talking about limiting position size in the metals. not exactly what jpm and hsbc want to hear. in 80, the hunts had a corner on the silver market. and they were squeezing the shorts, who were the exchange members themselves. so the exchange met and decided to make buying silver contracts illegal, one could only sell. silver was lld for days on end. end of party. now, you have that possibility in reverse. which , very well could be the parabolic i see taking place shortly. any weakness is a gift. and in an act of desperation, the shorts might just have their sway. the end result of all this will be send joe to the bread line. squeezed on all sides, not a pretty picture. our only hope of maintaining pace is the commodities markets and in particular the precious metals. this is an ugly state of affairs brought about by greed and dishonesty. i didnt make this bed and i am not about to sleep in it. protect yourself, these bozos are in for the quick fix , not a lasting solution. clean the system out and start over. hey its just my 2c dharma

[dharma]

one last thought for the day! jsmineset.com The municipal bond market is today in a second freefall as such entities now are failing in paying their obligations to suppliers and services. In many instances the overdue payments are 6 to 9 months in arrears. Simple common sense tells you that if suppliers and servicers cannot be paid, you cannot meet your interest due obligation to the bond funding upon which these constituents of the state depend. Fancy financial manoeuvres have been utilized at year-end to camouflage this growing and now transparent risk of bankruptcy. There is no difference between the use of OTC derivatives to camouflage Greece's financial weakness and the present procedures of fancy bookkeeping on behalf of the 40 now identified states of the United States. dharma

[dougie]

watchinikg 1379 on the lower side if that goes, down into the 21st... would be a real xmas gift imo

[stubaby]

Up from here or a quick trip to 1,350? The move towards 1,350 would fit the pattern and set-up Wave 3 very well!

http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=0&mn=6&dy=0&i=p57812820606&a=205148199&r=3593.png

stubaby

[dougie]

like your charts: ALOT

[dharma]

saturday night i had sushi, it was tainted and i have been ill ever since. last night was the 1st night i was able to hold down food. i am feeling somewhat better today i have been pointing your attention to a generational shift taking place in the bond market. the 30 year bond bull has either ended or is ending. this is quite significant. the feds announcement on bonds was/is a fade. remember however, that the largest debtor the world has ever seen is the usa. sovereigns, historically never ever pay their debt. in this case , as has happened throughout history, the debt will be brought to worthlessness. i expect that @some point in the future great fear will come into this market. and @some point it will be an almost impossible buy. but , that is way down the rode. i tried to buy munis @the right shoulder in 84. every dealer i called had 0inventory of munis. it wont be easy on all fronts. so, the push from debtors and the pull from creditors will be epic. w/gold serving as the paper punisher. i am not going to address if the usa has the gold they say they do. gorodn brown for example sold englands gold @the lows to his bankster friends. fargin the people. and as a reward he was elected prime minister. if you are looking to the public to wake up. think again. the fact is that as investors it is up to us to make important decisions affecting our finances. every time you sell gold, you put the money in fiat. and vice versa. @best the dollar is a flawed fiat currency. so, now what? gold has been spinning its wheels. and has now started the correction. which, will serve to refresh the bull. i see the possiblity of the low being 1325. i dont think it goes that low, but i like to have the possibilities in front of me. 1341 breaks into the previous price cycle and is support. 1358 marks the beginning of this price cycle. so these are the #s that i am watching. using weakness to continue accumulating . if you are looking to cbs for guidance. look again. @the lows they were selling. now they are holding and accumulating. they are no smarter than the public. china tried to buy imf gold. they were turned down. so , they hold fiat. quietly the far east has been selling fiat and buying gold. @some point it will be possible to buy all the paper gold you want, but finding physical will be difficult /impossible. this present correction is setting up for the parabolic that i see taking place very soon. one other note. gensler was a former vampire squid employee. now in charge of the cftc. which just propsed limits on size of commodities contracts. well on the other side is hsbc and jpm. short silver for years worth of production. as the hunts had a corner on silver and got squeezed by the exchange, now jpm et al are going to get squeezed on the other side. banksters are cannibalistic. putting them in charge only serves their self interests. and to hell w/the public 21st is the full moon. the 25 is the bradley. i have nothing of significance this month dharma