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Forum
Topic:
Gold Enters Major Bull Market

       

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 By bluejay

10/22/2011  9:35AM

Mike

The following comments from Bob Chapman today may address some of your curiosities:

The system is not working and no one wants to admit to it. The players do not know any other system, so they do not want to abandon the one that they have. You cannot maintain the system by creating more unpayable debt. The system that is currently functioning can’t continue to do so indefinitely.

As a result of these conditions and volatility many investors have left the markets and their assets have disappeared in a cloud of smoke. The big investment firms front running the market, naked shorting and government manipulation have driven many to cover.

Just this week we had two professional commodities traders close their accounts after having been successful for more than 20 years. They were simply tired of the manipulation and losses at the hands of their government. Over the past five years hundreds that we know of have quit. Before long there simply won’t be enough players left in the paper commodities.
 By bluejay

10/21/2011  7:57PM

REAP

I have never made a trade in the Forex market or purchased or sold any commodity on a commodities exchange.

I would suggest either contacting Bob Chapman or Martin Armstrong for some experienced background comments.
 By REAP

10/21/2011  10:51AM

Dear Bluejay, I have a Trading question for you. The relative values of international currencies fluctuate constantly, often moment to moment. Currency Traders working on the FOREX Market get very rich on split second arbitrage trades. The value of an ounce of gold in each currency also fluctuates. In contrast though, gold is traded in many different Markets. Do the FOREX currency-currency fluctuations and currency-spot.gold fluctuations occur simultaneously and in exact proportion? From a bystanders view, it seems that because currencies and gold are traded in such different markets they need not be synchronized. If they are not, even if there is only a very short time delay in the fluctuations, then there is another arbitrage opportunity: “currency A”-spot.gold-“currency B”-“currency A”. I’m interested in hearing your thoughts on this. Thanks! Ron
 By Michael Miller

10/21/2011  8:34AM

Bluejay,
Appreciate your thoughts on margin requirements for gold. By increasing the amount of dollars to buy 100 ounces of gold, the approach of those market players will significantly change. Do you think the market would become more speculative or less speculative? Volume will likely be less but how about volatility in pricing?

Many understand that gold is the "real " value or basis in the interchange of transactions and that paper currencies are the floating value. Does it make sense for people speculating in the paper world of gold pay the piper the same percentage of money as those who purchase physical gold?

Finally do you have an opinion on whether margins should be raised or lowered according to some other policy factors manipulated by bankers or US government regulations?
 By bluejay

10/12/2011  7:14PM

Gold $1679.20 UP $4.70
Silver $32.49 DOWN $0.09
Gold/Silver Ratio 51.68
Xau/Gold Ratio 0.116

Some strong remarks today from the International Forecaster's Bob Chapman:

As far as we can determine the bottom in gold and silver began to be set two weeks ago, they have moved upward, but not as quickly as we had anticipated. The Working Group on Financial Markets has been attacking gold and silver still, but not with the firepower that they are capable of.

It looks like a delaying action in anticipation of further EU problems and forming an opportunity to accumulate long positions. We, via the COT commercial net short position reduction, see the big banks anticipating a strong upward move in both metals. We see such moves in spite of higher margin requirements by the criminal CME, owner of the Comex.

Government participation in manipulation of the dollar as well as gold and silver as usual emanate from the Exchange Stabilization Fund a subsidiary of the Treasury. Such antics killed off a move in gold to $2,200 and silver to test $50.00 again temporarily. We should see the major move in both metals shortly and by the end of February could see $3,000 gold and $65 to $75.00 (on silver). It depends in part on events and the government participation in the market.

Again, due to the speed of the downward move all small and medium players were again wiped out, as the banks earned large profits having rigged the results along with the government. Gold and silver will prevail and achieve much higher prices in spite of government and banking interference.
 By bluejay

09/30/2011  7:30PM

Gold $1624.80 UP $8.90
Silver $29.97 DOWN $0.70
Gold/Silver Ratio 54.21
XAU/Gold Ratio 0.114

Ron Hera from Hera Research LLC has an excellent appraisal of what's happening in the country and what Utah is doing to protect its citizens. Mr. Hera's whole commentary along with Utah's recent Monetary Declaration is the first piece tonight at http://www.jsmineset.com and it's a whopper. Don't miss this one.

Also, read http://www.martinarmstrong.org as Martin Armstrong seems to be at the top of his game with his past August commentaries concerning gold. Mr. Armstrong has been the spigot of enlightenment for those willing to relearn what they were never taught in school. The more of Mr. Armstrong you read at his site, the more intelligent perspective you will gain.
 By bluejay

09/29/2011  11:17AM

September 29, 2011, at 10:31 am
by Jim Sinclair at jsmineset.com


Is There Blood In The Streets?
CIGA Eric

Fear is the key element to control. Panic, induced by fear, generates selling. Bouts of intense selling keeps buyers disorganized just enough to prevent physical demand from overwhelming paper supply and maintain confidence in the old paradigm a little longer. Investors that recognize extreme through rare TA and money flows setups, or what traders often refer to as recognizing and buying "Blood In The Streets" survive and prosper despite ruthless, organized takedowns.
 By bluejay

09/28/2011  2:03PM

Gold $1609.20 DOWN $40.50
Silver $29.85 DOWN $ 2.03

Below are a few selected comments from Bob Chapman in this morning's International Forecaster:

The takedown of gold and silver markets over the past two weeks signified a new milestone in corruption, brazenness, arrogance and it reveals the level of evil control behind our government. This past week, in just one week, saw gold fall almost $200 and silver about $10.00. We have been involved in gold and silver for 53 years and the only event that comes close to this was October 19, 1987, when we witnessed the Bank of England sell down gold $100.00 under the orders of the Fed and the US Treasury, which borrowed the gold from the IMF. That was illegal, but that means little to the Illuminists who do as they please. Today thanks to Ronald Reagan we have the “President’s Working Group on Financial Markets,” which has legitimatized corruption to conform to the Keynesian model of corporatist fascism.

After the close on Friday we were informed, that the CME, which controls the Comex, had raised margin requirements on gold by 21%, silver 16% and in copper by 18%. In retrospect it is obvious that many banking insiders and traders knew early in the week that this momentous psychological warfare was going to be unleashed on these markets.

Your government definitely rigged these markets. Today in America and many other places as well, crime pays. What has been done to investors over this past week is not only a crime, but also a disgrace to all Americans.
 By bluejay

09/28/2011  2:02PM

Gold $1609.20 DOWN $40.50
Silver $29.85 DOWN $ 2.03

Below are a few selected comments from Bob Chapman in this morning's International Forecaster:

The takedown of gold and silver markets over the past two weeks signified a new milestone in corruption, brazenness, arrogance and it reveals the level of evil control behind our government. This past week, in just one week, saw gold fall almost $200 and silver about $10.00. We have been involved in gold and silver for 53 years and the only event that comes close to this was October 19, 1987, when we witnessed the Bank of England sell down gold $100.00 under the orders of the Fed and the US Treasury, which borrowed the gold from the IMF. That was illegal, but that means little to the Illuminists who do as they please. Today thanks to Ronald Reagan we have the “President’s Working Group on Financial Markets,” which has legitimatized corruption to conform to the Keynesian model of corporatist fascism.

After the close on Friday we were informed, that the CME, which controls the Comex, had raised margin requirements on gold by 21%, silver 16% and in copper by 18%. In retrospect it is obvious that many banking insiders and traders knew early in the week that this momentous psychological warfare was going to be unleashed on these markets.

Your government definitely rigged these markets. Today in America and many other places as well, crime pays. What has been done to investors over this past week is not only a crime, but also a disgrace to all Americans.
 By bluejay

09/25/2011  5:13PM

Gold $1642.70 DOWN $14.50
Silver $30.41 DOWN $ 0.52

It sure would have been nice if someone had whispered into our ears that the announcement below concerning margin increases was coming out after the markets closed this past Friday. We all could have sold short gold and silver and made a tidy sum. Unfortunately for the shareholders in this group, the heavy-handed hedge funds and banks went berserk with their naked shorting slaughtering everything precious in sight.

If you believe there will be investigations taking place on the front-running of insider information, you had better think again. The regulators are paid to look the other way when it comes to the big boys. All this naked shorting causing wild swings in investor shares got started when the banks were allowed to get into the stock brokerage business.

The big banks have cleaned the clocks of our children with their house purchases in the past years, they have mismanaged depositors money, they have influenced their cronies in Washington to make us pay for their gambling losses and they are playing with our securities held in street name. Maybe, aside from naked short sales, our very own held seurities in account were used to flush everyones nerves on Friday.

Don't buy into the Bank's philosophy of having a paperless society. They are using our certificates as collateral for their insider trading follies. The way to get back at them is to take delivery of the shares and don't leave more than enough money for three months check writing expenses with them. Aside, from their unnerving folks by crushing gold, silver and the shares, withdraw your excess bank funds for disposition into gold, silver and some into the senior gold shares.

23 September 2011, 4:55 p.m.
By Debbie Carlson
Of Kitco News
http://www.kitco.com/


(Kitco News) - The CME Group is raising the margins needed to trade Comex gold and silver futures are being increased by 21.5% and 15.6%, respectively, and the change will take effect after the close of business on Monday, the exchange said late Friday in a press release.

The exchange is also raising copper futures margins by 17.6%.

The move by the CME Group to raise the margin needed – also known as performance bonds – to trade gold, silver and copper futures on the Comex division of the New York Mercantile Exchange comes as prices for the metals plunged during the past two days as part of a sell off in financial markets in general. The CME Group is the parent company for the Comex and Nymex.
 By bluejay

09/25/2011  12:59PM

Gold $1657.20 DOWN $79.00
Silver $30.93 DOWN $ 4.91
Gold/Silver Ratio 53.58
XAU/Gold Ratio 0.114

The CME members attacked gold, silver and copper with increased margin requirements.
Gold is now a minus 5 in a Granville down-field. The hunt is on for a low in gold. Just as a plus 19 in the preceding Granville up-field took gold to a higher high, the current down-field will lead us to a higher low within its current bull market trend.

The following are comments from Kenny and Jim Sinclair at http://www.jsmineset.com:

Market Violence Will Create Large Bear Trap

September 23, 2011, at 1:49 pm
by Jim Sinclair


Dear Extended Family,

A quote from CIGA Eric today completely encapsulates what we are experiencing in the gold market:


This is a repeat of 2009 – actually even more extreme readings than 2009. We are severely oversold today. Anyone not buying here does not believe in the fundamental story. In my opinion, this will be a huge entry point by 2012.

In conversations with Kenny we examined the worst case scenario in terms of the correctness of Eric’s comment with which we both totally agree.

Our conclusion is:

Market situations like this will be found to have held and created bear traps in several instances of similar pattern action over the past 30 years WITHOUT having continued further down to first major support. The current corrective pattern over the past 23 trading days strongly implies that the move below $1690 would continue on down to the core at $1665 at minimum as first bottom, and in the extreme to $1615, but not below $1584. This will happen prior to exhaustion and a return to the full bull trend.

So far the remaining successive levels of $2450/$2510; $2850/$2900, and $3280/$3330 are not affected.

Gold shares are being impacted by a field of problems as a result of the large short positions held in almost all. They are being taken advantage of today by pressuring the entities in hopes of causing long term holders to collapse in their commitments.

Respectfully,
Jim
 By bluejay

09/22/2011  5:46PM

Gold $1742.10 DOWN $38.40
Silver $36.16 DOWN $3.46
Gold/Silver Ratio 48.44
XAU/Gold Ratio 0.113 DOWN 0.007

The precious metals along with the shares got zapped today once the Dow Jones Averages started to considerably get attacked with selling. The DOW closed off 391.01 today at 10,733.83.

Looking at the DOW chart, it is supected that the "powers to be" will use everything in their bag of tricks to hold it at the 10,750 level where the 1,000 day moving average line resides.

Today's weakness in gold and silver and the precious metal shares smells of extreme market rigging. It is suspected that all the fiat cherleaders were involved: The plunge protection team, major banks and some of the major in-the-fold hedge funds.

Today's slaughtering of our group brings back memories of the 2008 attack when major U.S. banks took the aggressive posture of selling short gold and silver while they all feared bank runs during the financial crisis. These miscreants discredit gold and silver and their companies by the use of paper products and the phony selling of shares that they do not hold.

My son compares these types of attacks as a hamster running of his wheel, a lot of noise and motion that go nowhere in long term time. The power mongers are raddling your cage in hopes of frightening you from either buying gold and silver and the shares or scaring you into selling them. Don't fall for it!

Remember, paper products and naked shorting are forcing real assets lower. How much longer do you really think they can keep this up with banks around the world begging for more monopoly money from the U.S.? If it weren't for the recent $2.3 trillion cash-swaps from Uncle Same, many European banks would have had to close their doors affecting in the process major U.S. banks. Who's fooling who?
 By bluejay

09/21/2011  9:38AM

Gold $1798.20 DOWN $6.60
Silver $40.32 UP $0.58

Gold completed its last Granville up-field of progressive advances at 19 about three weeks ago by advancing past the $1900 level for the first time. Eleven days ago it made another attempt at this level but retreated.

Currently, we are in a down-field of about 4 as gold pursues a resting period. Previously, these time-outs since early July have only lasted but a day or two with three cumulative down days needed to register a minus one in a down-field.

The relative strength of the gold and silver shares compared by the XAU Index to gold's price continues to improve. The last on the $XAU:$GOLD chart from stockcharts.com is 0.123. Nine days ago the Index pushed above the 0.12 level which was considered positive. Breaching the 0.124 area where the 50 day average is located would be even better.

Overall, it appears the naked short sellers are slowly accepting the message that the gold price is for real. The greed factor is like an Arkansas tick once it gets ahold of you and these stock counterfeiters have always had a good dose of it.

http://stockcharts.com/h-sc/ui?s=%24XAU%3A%24GOLD
 By martin newkom

09/13/2011  12:42PM

well, I just viewed an article on
"fair and balanced" Fox tv news
on mines in Calif. and all the
enironmental "red tape". I guess
the rest of the country just doesn't understand the plight of
the mining in Calif. (or do they?)
 By bluejay

09/13/2011  12:27PM

Gold $1839.70 UP $25.30
Silver $41.15 UP $ 0.86
XAU Index 218.52 UP 1.57

Gold continues to bounce around, generally, between the $1800 to $1900 area.

Affecting gold today is, what will be the outcome if Greece falls?

Included below is a link to an excellent article written by Ambrose Evans-Prichard concerning the possible fate of Greece along with potential problems for Germany.

http://www.telegraph.co.uk/finance/financialcrisis/8755881/Germany-and-Greece-flirt-with-mutual-assured-destruction.html
 By Michael Miller

09/11/2011  1:57PM

Mathematical based risk/reward summaries specifically created for the benefit of persons or companies interested in gold investment will help a beat up industry sector that remains a mystery to most financial professionals and investor/speculator folks. The old standby of reserves is mostly used; however it has become convoluted beyond value as an inclusive tool. I’ll pass today from going into the real and phony representations about “reserves” due to time constraints.

REAP, you are pondering why Gold mining died in California. The missing ingredient at the Sixteen to One and other locations is working capital, MONEY. To go forward in this discussion, the Sixteen will be the site. The analysis may be applied to other locations but not without tweaking for the most sensitive factors: geology, mineralogy history and location. What should capital look for in assessing the Sixteen or any gold mining venture?

It’s easy: return on capital; duration of time; break even , acceptable and whopping possibilities. Return will be from a cash dividend, a gold dividend or an increase in the price per share of stock. The Sixteen has 13,399,505 shares of common stock outstanding. Gold production measured in ounces or dollars must be divided by this number to gain a perspective for reward. The 2500-ounce day a few years back was valued at $1 million. Today that same day would be about $5 million or $0.35 a share.

How do the big mining companies look using a share outstanding analysis?
Below are shares outstanding from a Reuters Report.
Newmont……….…493,270,000
Barrick………….…999,330,000
Harmony Gold…..…429,810,000
Anglo American…..1,319,900,000
Goldcorp…………....736,300,000
Kinross…………….1,131,000,000

I don’t have a calculator handy so you do the math regarding what it will take in gold production to use a comparison analysis of reward based on gold production. Gotta go
 By bluejay

09/11/2011  11:35AM

Reap

Martin Armstrong is the man that might have some answers or direction for you. Check out his website at http://www.martinarmstrong.org and maybe, send him an e-mail.

Check out his latest paper on the history of direct taxation, "Bound by the Theories of the Past."

http://www.martinarmstrong.org/files/Bound%20to%20Past%2009-08-2011.pdf

Continue your education!
 By REAP

09/09/2011  1:05PM

By education I am a Physicist/Business Consultant. One of my “hobbies” is applying mathematics to business problems. So here is an interesting question….at least to me. How much of the short term changes in the spot price of gold is caused by the degree of instability in the Stock Market?
Gold is known best as a safe haven in times of increasing risk. These days there is a long term and ever increasing risk due to possible Sovereign Debt default, deficit spending and inflation, and a growing realization of how little we can trust in the national and international financial systems. I believe that these are long term problems and will increase, or at least plateau out the price of gold for the foreseeable future. This kind of long term trend is not new and is well understood.
However, in the shorter term, say month to month, or quarter to quarter, the price of gold does fluctuate. And so does the Stock Market, but by larger deviations. The best mathematical relationship of risk, due to stock price variance, compared to the safe “risk-free” Treasuries is the Capital Asset Pricing Model, or CAPM. According to the CAPM formula the more a stock price varies from its average, the greater the risk, and the higher the return on that stock needs to be to offset that risk. The CAPM also applies to the Stock Market as a whole versus Treasuries.
Therefore it seems reasonable to look for a similar relationship between the Market as a whole and spot prices for gold. The greater the variances in the overall Market, the greater the risk; the greater the risk the greater the flight into safe assets like Treasuries and gold; and up goes the spot gold price. If such a relationship does exist, it might be useful for mining companies with sizeable inventories of gold. Has anyone looked for a correlation between the shorter term fluctuations of gold prices and the fluctuations in the overall Stock Market, or various Stock Market Indices? Or better is anyone interested in looking for such kinds of correlations? I’d like to hear your thoughts and comments.
 By bluejay

09/08/2011  10:41PM

Gold $1862.30 UP $46.00
Silver $42.29 UP $ 0.69
Platinum $1843.00 UP $23.00
Gold/Platinum Ratio 1.01
XAU/GOLD Ratio 0.121
Gold/Silver Ratio 44.04

The following was stated by Jeff Clark at Casey Dispatch today:

Governments: The CME hiked margin requirements on gold twice recently and five times on silver earlier this year. At some point a hike could be one too many, prompting investors to slow down on gold and turn to the undervalued equities to capture bigger returns. Another catalyst could be a government announcing they're lowering tax rates on miners - a shock in the current rapacious environment that could see new money pour into the sector overnight.
 By bluejay

09/07/2011  2:08PM

Gold $1816.30 OFF $57.30
Silver $41.60 Off $ 0.36
Gold/Silver Ratio 43.66
XAU/Gold Ratio 0.124 UP 0.006

As gold sold off today, a positive development took place for shareholders of the senior and junior producers. The XAU/Gold ratio advanced from a positive right ascending triangle chart formation. That ratio was up 0.006 at 0.124, surpassing resistance at 0.12. This definately puts added pressure on the shorts with gold falling while being great news for the longs.

The trend of gold and silver over the shares continues to be positive, which is negative for the stocks, but the shares are saying, not so fast as we are ready, willing and able to make up for lost ground.

I was in there today trying to fill an order for a senior gold and it wasn't easy buying shares on the bid side just below prevailing prices with gold sliding.

I believe the gold shares are sending everyone an important message, the tide may be turning.

http://stockcharts.com/h-sc/ui?s=$xau:$gold

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