2011 is here
#31
Posted 07 January 2011 - 02:21 PM
I was thinking it bottomed last week when Au took out 1409, but that was a fakeout.
We are completing week 23. Within timing band for bottom over next 2 weeks.
#32
Posted 07 January 2011 - 03:04 PM
Bollinger band trade here on GDXJ...scaling in.
#33
Posted 07 January 2011 - 04:56 PM
Update on weekly Gold cycle that typically runs 20 to 25 wks trough to trough.
I was thinking it bottomed last week when Au took out 1409, but that was a fakeout.
We are completing week 23. Within timing band for bottom over next 2 weeks.
Very interesting work, JGS. Are you looking for a low of 1160 in your 2-week timeframe ?
#34
Posted 07 January 2011 - 07:41 PM
Update on weekly Gold cycle that typically runs 20 to 25 wks trough to trough.
I was thinking it bottomed last week when Au took out 1409, but that was a fakeout.
We are completing week 23. Within timing band for bottom over next 2 weeks.
Very interesting work, JGS. Are you looking for a low of 1160 in your 2-week timeframe ?
No price targets indicated in chart, only meant to show timeframe.
#35
Posted 08 January 2011 - 09:42 PM
#36
Posted 09 January 2011 - 10:36 PM
#37
Posted 09 January 2011 - 11:48 PM
#38
Posted 10 January 2011 - 08:47 AM
the same bankster parties will be happy to yell fire in a crowded theater Dharma and steal everyone's gold
I suspect that Mr. Sprott is speaking his own book when he suggests he cant find any silver, that being the case he isnt offering a high enough price for it.
A "shortage" or something, in this case silver, implies a break from a plentiful relationship that once existed. What has happened in the past few months that suddenly people are unable to purchase silver? What has changed is that the price has risen, though currently it has stalled on a ST basis.
What qualifies as a "shortage"? My coin dealer has no shortage of silver coins and bars, as do the Bank of Nova Scotia and their famous silver certificates. There's no shortage of stock to buy any number of silver miners, or SLV contracts.
Being a canadian commodity investor I supposed I should be enamored of Mr. Sprott, but looking at his own firms stock price I think differently. He has suggested he's having trouble finding silver, he offers no proof, these stories of draw-downs against the COMEX have been raging for years, nothing ever comes of them, and each time they are trumpeted with calls that "this time its for real, a failure is just around the corner". my own belief is this is charlatanry, plain and simple. these stories come out when the price is going sideways or down. Long Term of course I agree its up but currently no, these stories getting passed around are my bear flag ST.
good luck.
#39
Posted 10 January 2011 - 11:00 AM
the same bankster parties will be happy to yell fire in a crowded theater Dharma and steal everyone's gold
I suspect that Mr. Sprott is speaking his own book when he suggests he cant find any silver, that being the case he isnt offering a high enough price for it.
A "shortage" or something, in this case silver, implies a break from a plentiful relationship that once existed. What has happened in the past few months that suddenly people are unable to purchase silver? What has changed is that the price has risen, though currently it has stalled on a ST basis.
What qualifies as a "shortage"? My coin dealer has no shortage of silver coins and bars, as do the Bank of Nova Scotia and their famous silver certificates. There's no shortage of stock to buy any number of silver miners, or SLV contracts.
Being a canadian commodity investor I supposed I should be enamored of Mr. Sprott, but looking at his own firms stock price I think differently. He has suggested he's having trouble finding silver, he offers no proof, these stories of draw-downs against the COMEX have been raging for years, nothing ever comes of them, and each time they are trumpeted with calls that "this time its for real, a failure is just around the corner". my own belief is this is charlatanry, plain and simple. these stories come out when the price is going sideways or down. Long Term of course I agree its up but currently no, these stories getting passed around are my bear flag ST.
good luck.
Jeff
From the US Mint
American Eagle Silver Uncirculated Coin
"Production of United States Mint American Eagle Silver Uncirculated Coins continues to be temporarily suspended because of unprecedented demand for American Eagle Silver Bullion Coins. Until recently, all available silver bullion blanks were being allocated to the American Eagle Silver Bullion Coin Program, as the United States Mint is required by Public Law 99-61 to produce these coins “in quantities sufficient to meet public demand . . . .”
Although the demand for precious metal coins remains high, the increase in supply of planchets—coupled with a lower demand for bullion orders in August and September—allowed the United States Mint to meet public demand and shift some capacity to produce numismatic versions of the American Eagle One Ounce Silver Proof Coin.
However, because of the continued demand for American Eagle Silver Bullion Coins, 2010-dated American Eagle Silver Uncirculated Coins will not be produced.
The United States Mint will resume production of American Eagle Silver Uncirculated Coins once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products."
johngeorge
#40
Posted 10 January 2011 - 11:32 AM