Nov. 12 - Gold $394.20 - Platinum $763.00 - Silver $5.32
Gold/Silver And The Shares Rise Sharply
LONDON FIX
Music Changing With The Price Of Gold
New York composer Tom Hamilton turns Gold
into music in his latest CD titled
"London Fix."
The recent bull market in Gold has rekindled investor
interest in the metal, and this first-of-its-kind
recording traces these dramatic price moves through
flowing synthesizer lines.
To create the rippling patterns featured throughout this
CD, Hamilton used his unique compositional system to
convert fluctuations in spot Gold price charts into
streams of electronic sound.
Much more poetic than literal, the musical result
mirrors the ebb and flow of the market - sonic
price charts intersecting and evolving in harmony.
Played softly, this continuous stream of electronic
music provides a curiously restful sound environment.
GO GATA!!!!
Been waiting a long time for today.
Gold finally closed above the high it made early last
February before the Iraq War started and higher than
its $393 spike made 7 weeks ago.
Going back to February, Gold tanked going into
the Iraq War all the way down to $319 and now has
gradually worked its way back up and then some.
Today’s close is significant in that it took out
substantial resistance in the high $380’s area,
blowing right through it.
At one point today, Gold was up $9, but you know
that The Gold Cartel won’t allow that sort of move
to stand, even though they are getting their butt
handed to them.
The $6 rule was invoked for the umpteenth time to
hold Gold’s managed gain to an acceptable cabal level.
Sarge caught the action mid-morning:
"I know you see it too.
Spot was up $8.60 when the Cabal marched in.
They started a new rally in the equity futures at the
same time they started bashing gold into submission.
The SPY, DIA and QQQs all doubled their gains for
the day in a matter of minutes.
While the excitement of the equity rally had
everyone’s attention, POW!! ZAP!! BLAMMO!!
FatMan and Blobbin come in for the cabal and provide
the smack-down to their arch-villain . . . GOLD"
Early on, sources reported to me that funds were
big buyers along with PRODUCERS covering hedges.
The cabal and other bullion dealers were massive
sellers all day long.
Volume was heavy - around 70,000 contracts.
The Gold Cartel needed all the firepower they could
muster to keep gold from blowing through $400.
Three important factors in today’s healthy rally:
*The continued strength in the physical market.
*The specs are piling in again.
As per last night’s MIDAS, I opined if they did so
The Gold Cartel would be in big trouble.
Yesterday, the open interest rose 7881 contracts to 270,895.
It probably rose that much again today.
There is no reason the gold open interest cannot
exceed 300,000 on this latest move into 7 ½ year high ground.
*The dollar was clobbered falling to 93.40, down .82.
The euro rose 1.49 to 116.30.
However, for those who keep pointing to the falling
dollar as the main reason gold is rising, the evidence
reveals they are WRONG!
The dollar index last made a closing low on June 16
at 92.16.
The gold price on that day: $356.30.
The dollar has fallen back to almost where it was then,
but gold has rallied nearly $40.
Gold is moving higher because of the incredible demand
for physical around the world, not because the dollar
has suddenly weakened.
Why do we not hear this from the Gold establishment crowd?
Because they are aligned with the crooks, plain and simple!
Month after month MIDAS brings this to your attention.
Why isn’t this being trumpeted by the World Gold Council
and GFMS?
What a useless bunch!
Both organizations should be disbanded as detrimental
to the free Gold world.
Gold’s close has to have technicians everywhere doing
the Gold rah-rah bit today.
(where were they the past few days?)
As mentioned yesterday, Gold is now set up to rally
another $20 to $30 from here on the basis of this
strong close and breaking of significant resistance.
Gold
http://futures.tradi...com/chart/GD/C3
As MIDAS has been saying for some time, The Gold Cartel
is in big trouble.
They are running out of physical Gold needed to continue
their fraudulent price suppression scheme.
The Stalker and friends are eating their lunch.
Two issues to keep on the front burner:
*The massive December option positions go off the
board on the 24th of November.
This might cause enormous problems for the cabal,
other shorts and the option writers.
The following are the open December call positions
as of this morning.
This is December only and represents only the Comex.
The Over-the-Counter market is MUCH BIGGER!!!!
DEC 390 – 5200 contracts
DEC 395 – 2550
DEC 400 – 14,000
DEC 405 – 1,000
DEC 410 – 7800
DEC 415 – 1200
DEC 420 – 11,000
DEC 440 – 11,000
DEC 450 – 15,000
You might recall The Café’s man in the Gold options
pit told us months ago that the option writers almost
all believed there was no chance for Gold to take
out $420.
They had little cover for their positions above $400.
This is just the Comex option book.
Multiply that many times for the off-exchange options.
Get the picture?
Gold could easily melt-up in the weeks ahead.
Last trading day for the Comex DEC options is November 24
on the bell.
This is why there is a good deal of talk that if Gold
takes out $400, Gold could explode and the long
awaited Gold derivatives neutron bomb could go off.
We shall see.
For sure however, it is why The Gold Cartel is desperately
trying to cap the price here.
They might have one other problem.
A source tells me it is very possible (based on his past
experience) the National Commercial Bank of Jeddah
(Saudi Arabia) was a featured buyer today.
If so, the cabal is in even deeper trouble.
Historically, when this bank has jumped in on the long
side of Gold, bullion has REALLY moved higher.
*One more thing.
The December open interest is more than 175,000 contracts.
This is a larger number than the entire open interest
was for many years.
Should a significant number of longs ask for delivery,
well, forget about it!
As well as Gold performed, silver was the star of the day.
Been waiting for silver to pop like this for a long time.
The best news is there are no silver gaps to fill.
For some reason silver tends to fill downside gaps.
Silver was down 2 cents on the session in the early going.
Move over Mahendra!
This morning I received a phone call from Judith McGee
of Refco in Canada.
Judith told me her partner Tony Wilson had a dream last
night that silver would rally 28 cents.
Silver was UNCHANGED at the time.
December silver closed 26.3 cents higher and traded
up 28 cents near the end of the trading period.
This is the doggondest thing.
My brother Tim used to get the same premonitions
on a rare occasion and many came true just
like this one.
Never happened to me.
Congrats to Tony who also told me last Friday he
thought gold would have no problem taking out $390
on the next move up.
Right again!
The guy has been on some roll lately as has been his
partner Judith.
Silver (needs a couple of more cents on the upside
to close in new high ground on a futures basis,
but I believe spot has made a new multi-year high close)
http://futures.tradi...com/chart/SV/C3
$6 silver here we come.
Another big positive has been the all around confirming action.
Gold, silver and the shares all flew, while the commodity
markets continue their trek into new high ground.
The CRB closed in 7-year new high ground too at 253.13,
up 1.53.
Wheat closed above $4.
I could not help but repeat this MIDAS headliner of
last Friday.
One for the call and two to keep Winthorpe’s quote in
mind for when gold takes out $420 and goes berserk:
November 7 - Gold $382.50 up $2.60 - Silver $5.05 up 10 cents
Gold Looks EXPLOSIVE!!
Think big, think positive, never show any sign of weakness.
Buy low, sell high.
Fear? That's the other guy's problem.
Nothing you have ever experienced will prepare you
for the unlimited carnage you are about to witness.
Superbowl, World Series -- they don't know what pressure is.
In this building, it's either kill or be killed.
You make no friends in the pits and you take no prisoners.
One moment you're up half a mil in soybeans and the next,
boom, your kids don't go to college and they've repossessed
your Bentley. Are you with me?
--Louis Winthorpe III, Trading Places
GO GATA!!!
Aaron Russo for President (Producer of Trading Places)
The Gold futures speak for themselves (one always need be wary),
but some of the gold shares are going to go ballistic
and then get clobbered before they resume their
HISTORIC INVESTMENT MOVE OF A LIFETIME!
There will be a time to lighten up, but we aren’t close yet.
The public still is clueless about this gold/silver market.
So is most of the gold industry.
Good grief!
Still, it is time to be on alert over the next few weeks.
ANYTHING can happen in the weeks ahead.
With an options structure out there like there is in gold,
and with The Gold Cartel so massively short, we could get our long awaited Commercial Signal Failure.
Gold could go bananas when the bad guys least expect it.
A number of shorts could be forced out of their positions
by credit committees, etc.
We shall see. Please stand by.
GATA BE IN IT TO WIN IT!
GOLD Stocks will be the way to riches.
"hold for the long-term,"
"and you’ll be rich."
Gold will be seen as the answer
to economic freedom...
HUI
http://bigcharts.mar...i&freq=1&time=8
Got Emgold EMR Shares?
By Richard Russell
For..STREETWISE / THE GOLD REPORT...
http://www.theaureport.com/pub/co/42
THE historic investment opportunity of a lifetime
is still in play.
For investors looking to jump on board,
you have a gift.
GOT TO BE IN IT TO WIN IT! and WE ARE GOING TO WIN IT!
The Gold chart is very constructive:
http://www.tfc-chart.../charts/GDM.GIF
http://www.tfc-chart.../charts/GDW.GIF
Gold stocks will shine after bullion prices hit
a seven-year-high in London...
A GOLD SHARE BUYING PANIC IS COMING...
There is no way the little Gold share market
will be able to handle this buying without
the shares SOARING,
***To The Moon Alice, To The Moon!***
EMR has long way to hike Back UP...
http://cbs.marketwat...330&siteid=mktw
http://ichart.yahoo....off&z=m&a=v&p=s
http://chart.bigchar...6945&mocktick=1
EMR is oversold / undervalued...
Starting a Strong Come Back...
Emgold Mining Corporation at...
http://www.ivarkreuger.com
The Gold shares are only getting to the launch pad...
http://www.house.gov...03/pr073103.htm
Lift off and rocket ride still to come...
It’s a red flag that tells the world
that intrinsic wealth is preferable to
fantasy wealth, and fantasy wealth is
what the central banks are now offering
to the world in the form of
fiat currencies, or paper.
Dollar Index Cash (NYBOT:DXY0)...
http://quotes.ino.co...=15&a=50&v=dmax
...lower highs and lower lows...going down hill..
The US$ fiat falling off the cliff...
U.S. Dollar Index (CEC)
Weekly fiat $$ Price Chart...
http://www.tfc-chart.../charts/USW.GIF
...the fiat US$ & Can$ will be only be
worth the paper its printed on?..
http://www.house.gov/paul/
Imo. TIA!
Posted by Ivar Kruger
Nov. 12 - Gold $394.20 - Platinum $763.00 - Silver
Started by
goldsmith
, Nov 13 2003 03:30 AM
1 reply to this topic
