August 18, 2018 
 Saturday 
 
 

Forum
Topic:
Gold Enters Major Bull Market

       

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 By bluejay

02/13/2011  10:29AM

Gold $1356.80 OFF $6.70
Silver $29.91 OFF $0.30

It was back in October of 2008 when gold hit a low point of about $670 an ounce. Prior to this event, gold had been struggling for a number of months to better the 1000 mark.

Today, following almost a 100% advance from that $670 low to a high of about $1430 in early December of last year, signs are coming into view that the metal over-did itself this run and may need some more continuing convalescence. This, more than likely, will be accomplished by price retracement.

For almost six weeks now, gold's price has been below the 50 day moving average line at $1372.74. For the past 11 trading days, from about a $1310 low, the metal has rallied but in the past four sessions refuses to attack the $1372.24 area. This could be one sign that the internal health in this market is more suspect than most followers would be willing to admit.

Martin Armstrong a few months back mentioned that gold's normal interpreted cycle was expected to make a high in 2011. Well, it looks like it did but, a bit earlier in December. In checking further for Armstrong's current analysis on gold, I located one of his recent articles where gold was mentioned with a supplied chart showing long term monthly price channels. Here it is:

http://www.martinarmstrong.org/files/An%20Islamic%20Revolution%20Is%20It%20on%20Time%2001-30-2011.pdf

Everyone should, especially, read Armstrong's section on gold. Mr. Armstrong is a pretty smart guy and apparently is giving us another sign that gold could be entering a period of rest accompanied by weakness.

The bottom line here is, we should be mentally preparing ourselves for price erosion, not to be frightened by it but to use it to our advantage. Remember, no one really knows for sure what will happen to gold's price over the immediate months ahead. It just might be best to go with the probabilities based upon the thoughts of experienced followers.

Gold remains in a long term bull market where methodical scale-down buying continues to be the "real winner."

Armstrong did indicate that the best days for gold are ahead of us, going into 2015. After we're finished with this current price detour, we're on our way to $5,000 gold, according to earlier price projections by Armstrong.
 By bluejay

02/08/2011  12:52PM

Gold $1363.80 UP $11.70
Silver $30.30 UP $ 0.86

The fireworks in the metals began when silver crosed its 50 day moving average at about $28.80. The manipulators tried to hold it there but were unsuccessful as the metal bolted free. In the process, gold traded higher.

Gold is currently acting lethargic following contact with its 100 day average in the 1362 to 1364 area. Gold has its work cut for itself as just higher is another minor trouble area at 1374, this time presenting expected resistance from its 50 day moving average line.

In time, both of these areas will be surmounted allowing the bull market to resume its upward march.
 By bluejay

02/06/2011  1:50PM

Are you ready?

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/2/5_James_Turk.html
 By bluejay

02/03/2011  11:32AM

Gold $1350.60 UP $15.60
Silver $28.75 UP $ 0.40

Gold has moved above a chart neckline formation at $1340 which attracted buyers. Gold still has to better its 50 day average at $1375.15 to continue higher. Silver at $28.75 is right at its 50 day average which is obviously being defended by the bear element, mainly the two big shorts in the market, J.P. Morgan and HSBC.

In the meantime, Bob Chapman on his website is bringing up the issue of the gold plated tungsten bars that had changed hands between a London depository and China. The real question is, who authorized the creation of these fake 500 ounce bars? For more of a background on the counterfeit gold bars go to the link below:

http://bobchapman.blogspot.com/2011/02/bob-chapman-gold-plated-tungsten-bars.html
 By bluejay

02/03/2011  9:13AM

Gold $1351.30 UP $16.30
Silver $28.69 UP $0.34

The following gold predictions make the price of gold today seem extremely under-priced:

These 6 Analysts See Gold Price Going Parabolic to +$10,000
1. Mike Maloney: $15,000;
2. Ben Davies: $10,000 $15,000;
3. Howard Katz: $14,000;
4. Dr. Jeffrey Lewis: $7,000 $14,000;
5. Jim Rickards: $4,000 $11,000;
6. Roland Watson: $10,800
 By bluejay

01/29/2011  5:46PM

The experts comment on gold and silver plus a growing market shortage of silver.

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/1/29_KWN_Weekly_Metals_Wrap.html
 By bluejay

01/27/2011  11:16AM

Gold $1319.20 DOWN $26.90
Silver $27.04 DOWN $ 0.57

Everyone must have fun, so you little miscreant devils enjoy your day. Gold had a little rally yesterday but was stopped cold as it approached its 100 day average line at 1350. It appears the current move has another 35 or 40 dollars left in it to the downside. A wonderful opportunity to buy more gold and silver on a scale-down basis versus tomorrow's reality prices.

The following linked story is a great article that spells everything out, again.

http://www.kitco.com/ind/Hamlin/jan242011.html
 By bluejay

01/26/2011  10:55PM

Surprising comments from Jim Willie concerning gold and China from kitco.com today:

Whether Americans and Westerners in general like it or not, the Chinese have become and will remain the key drivers to many economic and financial market developments, progress, and averted wreckage. The intrepid lapdog US press, loyal to the syndicate, is a critical element to maintain distractions. Of course, China must adapt and react to their own stumbles and accidents, assured since for years they have maintained a tight link in monetary policy. Doing so has linked their asset bubble expansion and bust cycle to the deadly one in the United States, and filled their coffers with US$-denominated toxic debt securities. However, China has three advantages over the US that stand out. They have $2.65 trillion in savings, rainy day money in a war chest. They have a vast industrial base, courtesy of the US, the West, and Japan, which donated the technology for the fabled disastrous low-cost solution. They have an expanding middle class. Neither the US, the UK, nor Western Europe has anything remotely similar to these three benefit allowances. It is slowly becoming clear that the US granted the Most Favored Nation status to China in return for massive gold & silver swaps to the USGovt. The Wall Street fraud kings illicitly sold the leased bullion into the market, to sustain the American fiat paper congame, and thus a betrayal to the Chinese.

The Beijing leaders are highly motivated to unseat the Anglo bankers from their perched throne, emboldened by vengeance. The betrayal was to the American people also, since waves of jobs went to China from US shores, since the US sold not only its own Fort Knox gold inventory, but Western Europe's also, then China's to boot. Those who believe the USGovt has any gold reserves at all should donate their cerebrums to science while still alive, a euthanized suicide. The USGovt in all likelihood is in possession of less than zero gold, owing both Europe and China massive amounts. It is the American ticket to the Third World, paved by lost industry, locked by vast debt, assured by broken economic principles blessed by high priest heresy. The US banking leaders still believe the US can revive itself by the flood of more debt and stronger consumer spending, without a clue of what legitimate income means or where it comes from.
 By bluejay

01/25/2011  10:11PM

I just received this section of an email from Mike Maloney's company tonight:

http://goldsilver.com/article/is-now-a-good-time-to-buy/?utm_medium=email&utm_campaign=1-25-11+-+GS+-+Weekly+Newsletter&utm_content=1-25-11+-+GS+-+Weekly+Newsletter+CID_b90a3b7934dd33dfa9224ec45c51da3d&utm_source=Webmail+Marketing
 By bluejay

01/25/2011  9:36PM

Rick

Your friend along with other folks will be greatly enlightened by listening to or reading the works of Mike Maloney regarding gold and silver available on the Internet(YouTube).

Some of Mike's well thought out forecasts and researched facts concerning these two metals could shock you.
 By bluejay

01/25/2011  9:18PM

Rick

The most reputable dealer of gold and silver that I am aware of is:

http://www.golddealer.com
 By Rick

01/25/2011  7:12PM

Bluejay...please write me back immediately with the vehicle web address for purchasing legitimate gold. I've a friend standing with me who needs to make his move NOW and I've miss-placed the link
 By martin newkom

01/25/2011  9:41AM

I'm told of a fellow who knows the value of precious metals. He himself has a whole safe full of
silver in various shapes inclu-
ding ingots.
 By Rick

01/24/2011  5:42PM

Yes, I've been $-averaging in each month as well, but with m-funds, not the real stuff. This is where I'll start.
 By bluejay

01/24/2011  5:39PM

Rick

I buy some gold and silver each month and have been doing so for some time, with silver receiving most of the allotment in the last two years.

I believe that's the best way to accumulate it. This is my insurance policy against the know-it-alls messing with our money.
 By Rick

01/24/2011  4:46PM

It wasn't that long ago when 'Gold Resting at $1345/otz' would have seemed like a headline from an outter-space movie.

No, I still haven't pulled the $$ from the market mutual-funds...but remember telling myself to do it if we bounced back to 10K on the Dow.

I guess the only thing keeping me from doing it is not doing it...because the title of this topic has survived for five years+ ....and there is nothing but impending inflation looming. (Okay, Bluejay, I am about 25% in gold..considering that move to 75%...so, why am I shy?)

Perhaps not shy of doing it...just not doing it. I know that when my $$ is sitting in the most valuable of hard assests this planet has ever known, I'll breath a sigh of relief.

Thanks Bluejay. Time to go.
 By bluejay

01/24/2011  9:37AM

It's quite probable that gold has entered a "transitional resting period" as Martin Armstrong pointed out in his most recent letter when his key identified 1372 level was on the verge of giving way.

Gold $1345.10 UP $2.70
Silver $27.32 DOWN $0.21

Mr. Armstrong's word "transitional" in this gold bull market is a euphemism for laying back and take a rest where declining days are predominant and emphasis is on greater daily percentage declines than advances.

Access to Mr. Armstrong's letter," Are You Ready To Rumble," can be accessed at http://www.martinarmstrong.org.

To add my own two cents in, it was not favorable when the gold price recently sold below its 50 day moving average level at just above 1380 and yesterday, when it cracked its 100 day average line in the neighborhood of 1353.

It is expected that the dark forces will heavily lean on the gold price it nears the 1350 area and just above. While the price remains under these two levels, it appears gold will experience Armstrong's traditional phase with lower prices.

It will be important to read Armstrong's analysis of gold in his recent letter. This, as he stated, is all totally normal within this bull market.

You should prepare yourselves with resolve in the weeks ahead and possibly for a few months, or so.

At the outside, bull markets can surprise followers with change of direction to the upside without notice and can be quite powerful within the primary trend.

Let's hope this new transitional period ends sooner, rather than later.
 By bluejay

01/21/2011  9:13AM

Gold $1341.30 DOWN $4.30
Silver $27.42 DOWN $0.05

The war is on.

The CME, again, raises margins on gold and silver contracts. If this isn't ludicrous with weakness in these two metals, I'd like to know what is.

This has nothing to do with the public's interest. It is all about protecting the losing positions of its shorting members who remain under water as a result of past months strength in these metals. The CME, not only is a house of cards with its phony paper products, it's a brazen manipulator with the continuing blessings from federal regulators. No wonder investors of all types are exiting markets of all kinds, it's a fixed game.

This is just another inflicted hiccup to mess with your mind in their attempt to scare you out of your position in gold and silver so their member buddies that don't know how to trade can get a free pass for their mistakes.


http://www.kitco.com/reports/KitcoNews20110121AS_CME.html
 By bluejay

01/20/2011  10:46PM

It's just a matter of time before the physical market in gold and silver crushes the comical paper market.

http://www.prlog.org/11238894-silver-dollar-values-silver-prices-rising-due-to-shortage-of-silver-coins-from-mint-and-collectors.html
 By bluejay

01/20/2011  8:59AM

Gold $1345.90 DOWN $24.60
Silver $27.54 DOWN $ 1.23

The miscreants continue their paper charades on the Comex today. Selling the paper products, sorry we don't have the physical, in the form of special drivatives, futures and options continues to suppress gold and silver prices. Isn't this a great game, watching the wagon pull the horse over our rose garden? What's next, will they be telling us that investing in municipal bonds is the safest bet in town?

Unfortunately, we must indure this semi-sophisticated attempt to currupt our minds. Don't let this sideshow of bogeymen running all over the precious metals markets fool you. Stand fast and increase your holdings as a dying fiat will NEVER replace gold and silver in this environment regardless of the music they are playing.

There has never been one instance of "striking up the band" that prevented a sinking ship from going under.

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