179 replies to this topic

[senorBS]

the dollar will rally quite a bit norte over the next 3-6 months NO BS Senor

[uh'sgirl]

the dollar will rally quite a bit norte over the next 3-6 months

NO BS

Senor

Do you see signs that the Euro will collapse?

uh

[dharma]

its possible the dollar rallies that long , but i doubt it. how will it affect gold ? i have said a few times that this movefeels like 06(gold and the dollar both rose) to me. look how much more condensed this move is compared to 06 . time horizons are shortening. things are happening much quicker. as the crowd is fixated on the end of qe2-may it rest in peace. make no mistake, the forces of deflation are in control . w/o qe we go down the rabbit hole. the fed's existence is an engine of inflation. sure if you listen to them, they have a strong dollar policy as they continue to debase away. qe2 will end , i dont know what they will call it, but they have no choice but to debase and monetize and print they will. watch what they do, dont listen to them.
i dont know how long i have been saying few will ride the bull. the temptation to trade is too strong for most. and you see @bottoms they stop themselves out. this is a tough game. yes, gold will have corrections, yes the dollar will have rallies. gold corrections will lead to new forever highs and the dollars rallies will lead to new forever lows. trends in currencies last for decades.
here is a story of the debasement of the mexican peso. think the same thing cant happen here. well in 33 roosevelt called in all the gold. paid them a fair and square 20oz and then when all the gold was in . he raised the price to 35oz. effectively cutting pp in almost 1/2 . in that zell piece i posted , he says there will be a 25%cut in standard of living, i think that it is modest. go ahead keep your stash in fiat. here is a story of the devaluing the peso in 76
http://silverdoctors.com/.

chinas demand for gold keeps on growing. they have been through everykind of currency upheaval in their long history. so now they are buying miners in s.africa. http://beta.miningre....com/node/19456 and australia. http://au.news.yahoo...pens-new-front/
that is eye opening. when do the majors enter the feeding miner frenzy? wave 5 coming up after the summer.
and the western economists keep calling for chinas demise. i am a novice on china. but every year they keep posting double digit gains in growth. and they are financing our deficits. how long will that continue.
it is very difficult for all of us to think in terms other than dollars. but dollar=debt gold =money. and @some point in the history of all fiats they are no longer viable, meaning they are no longer accepted as legal tender. we get closer every day. even forbes is talking about a gold standard in 5years. and then the banksters will be good. honest they will.
i have a core that i ride w/. and a trading position . which i satisfy my desires to do something-participate. the bulk of which rides. i move fairly quick break 1460 on a closing basis and the trade goes.
if and until the market shows me otherwise, i am looking for highs the end of june.
silver has daily divergences on the bottom as does gdxj. i have a tight leash on the silver i bought on the crash.
dharma

[senorBS]

its possible the dollar rallies that long , but i doubt it. how will it affect gold ? i have said a few times that this movefeels like 06(gold and the dollar both rose) to me. look how much more condensed this move is compared to 06 . time horizons are shortening. things are happening much quicker. as the crowd is fixated on the end of qe2-may it rest in peace. make no mistake, the forces of deflation are in control . w/o qe we go down the rabbit hole. the fed's existence is an engine of inflation. sure if you listen to them, they have a strong dollar policy as they continue to debase away. qe2 will end , i dont know what they will call it, but they have no choice but to debase and monetize and print they will. watch what they do, dont listen to them.
i dont know how long i have been saying few will ride the bull. the temptation to trade is too strong for most. and you see @bottoms they stop themselves out. this is a tough game. yes, gold will have corrections, yes the dollar will have rallies. gold corrections will lead to new forever highs and the dollars rallies will lead to new forever lows. trends in currencies last for decades.
here is a story of the debasement of the mexican peso. think the same thing cant happen here. well in 33 roosevelt called in all the gold. paid them a fair and square 20oz and then when all the gold was in . he raised the price to 35oz. effectively cutting pp in almost 1/2 . in that zell piece i posted , he says there will be a 25%cut in standard of living, i think that it is modest. go ahead keep your stash in fiat. here is a story of the devaluing the peso in 76
http://silverdoctors.com/.

chinas demand for gold keeps on growing. they have been through everykind of currency upheaval in their long history. so now they are buying miners in s.africa. http://beta.miningre....com/node/19456 and australia. http://au.news.yahoo...pens-new-front/
that is eye opening. when do the majors enter the feeding miner frenzy? wave 5 coming up after the summer.
and the western economists keep calling for chinas demise. i am a novice on china. but every year they keep posting double digit gains in growth. and they are financing our deficits. how long will that continue.
it is very difficult for all of us to think in terms other than dollars. but dollar=debt gold =money. and @some point in the history of all fiats they are no longer viable, meaning they are no longer accepted as legal tender. we get closer every day. even forbes is talking about a gold standard in 5years. and then the banksters will be good. honest they will.
i have a core that i ride w/. and a trading position . which i satisfy my desires to do something-participate. the bulk of which rides. i move fairly quick break 1460 on a closing basis and the trade goes.
if and until the market shows me otherwise, i am looking for highs the end of june.
silver has daily divergences on the bottom as does gdxj. i have a tight leash on the silver i bought on the crash.
dharma

I'll keep it short, IMO gold will likely correct at least $200-300 over next 3-6 months IMO, that will not at all affect my long term core position. I expect the HUI to fall to low 400's.

BSing away

Senor

[dharma]

I'll keep it short, IMO gold will likely correct at least $200-300 over next 3-6 months IMO, that will not at all affect my long term core position. I expect the HUI to fall to low 400's.

BSing away

Senor

we are on the same page, although i am not as bearish on the hui.

round table discussion on silver, the panelists are all bias, but the discussion is lively
http://www.youtube.c...feature=related

dharma

[inamosa]

I think we will see gold below $1300 later this summer. The question is, is the current rally off the Jan. low at $1309 over yet? Until price accepts below $1462, I would suggest no - especially with bullish sentiment already falling as much as it has. That leads me to believe gold will at least re-test if not break above $1575 to conclude this rally (perhaps at $1600-1625, for example) as long as price does not accept below $1462. Senor, if you are bearish on gold right here (I'm not talking about several weeks from here, but right at this moment), then you should know that there many on your side - which should make you uncomfortable.

[dharma]

alysomji- we may not always agree , but right now, we are in lockstep/ month after month options expire worthless. keep the price pegged. its a free market!? take out 1513 on a closing basis and its game on approx 1520 =.5fib 1531 is my next point. watching. waiting. doing nothing.positioned dharma

[stubaby]

Added new starter position today in XRA - as Dharma said a while back "if not now when":

http://stockcharts.c...18840&r=158.png

http://stockcharts.c...18347&r=532.png

http://stockcharts.c...79849&r=292.png

Do your own DD: Exeter Resources

stubaby

[dharma]

xra spun off xg , which had most of the gold. xra is mostly a copper producer

john williams on king wn
http://kingworldnews...r_Collapse.html
sorry i really didnt want to ruin anyones weekend.
1st though it looks like the euro is about to take a hit all of the piigs will need money to fix their drunken spending habits. the thing of interest for me is how they handle the situation. do they throw these guys out of the eu? do they keep them on life support?
of course the dollar will have its turn

cots
http://www.321gold.com/cot_gold.html
http://www.321gold.com/cot_silver.html
looking bullish .
dharma
i went on margin last week and this week. my next move will be giving stuff back to those who dumped. thank you

[senorBS]

I think we will see gold below $1300 later this summer.

The question is, is the current rally off the Jan. low at $1309 over yet? Until price accepts below $1462, I would suggest no - especially with bullish sentiment already falling as much as it has. That leads me to believe gold will at least re-test if not break above $1575 to conclude this rally (perhaps at $1600-1625, for example) as long as price does not accept below $1462.

Senor, if you are bearish on gold right here (I'm not talking about several weeks from here, but right at this moment), then you should know that there many on your side - which should make you uncomfortable.

IMO whether gold rallies to one more new high or not it immaterial to me, as I have said before stock market will take a big hit as deflationary wave begins from now thru summer into Fall, mining stocks will get taken down with market, HUI to low 430's is a minimum IMO.

NO BS

Senor