October 17, 2021 

Gold Enters Major Bull Market


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 By bluejay

07/19/2011  11:01PM

By Silver Shield,on July 18th,2011

"This is the news that I have been waiting for and is probably the reason why silver has been so strong the past couple of days. The HKME(HONG Kong Metal Exchange) is starting its silver contract this Friday July 22nd! This officially breaks the Anglo American monopoly on silver. This will be the first time that Asians can buy and take future delivery of silver in Asia. No longer can the CME(Chicago Mercantile Exchange) raise margins close to 100% in 8 days. (Then refuses to lower them despite a 30%+ drop in 5 days.) The extended hours should also stop the 10 am smack down since traders can now access the HKME.

The silver shorts should be fearing the hundreds of millions of Asians that will be entering this small market. China alone has Trillions of dollars and they could drop .01% of that money into silver and explode silver beyond the control of the Anglo American Elite. The HKME contracts are also a lot smaller,only 1,000 ounces versus 5,000 ounce contracts."
 By bluejay

07/19/2011  2:46PM

Gold $1587.30 OFF $17.80
Silver $38.94 OFF $1.61

Concerning a technical perspective on gold, the probabilities are increasing that we may have already made or are going to reach a temporary high point soon enough barring a big negative financial development.

Some years ago the market analyst, Joseph Granville, did a study of short term buying and selling pressures. Granville determined from consecutive daily highs and lows there always seemed to be clusters of strength and weakness pushing prices.

Granville ascribed to these clusters the terms of "up fields" and "down fields." He found that these rhythm clusters travel a certain extent and then they reverse from exhaustion.

Gold's daily short term price pushes to the upside usually cluster at around 10 positive days, basically, in its up fields before a reaction sets in. This year in March, gold hit 1440 on 9 positive days as a tail wind, on June 1st a 10 day positive up field took gold to 1575 and yesterday gold hit about 1610 being pushed higher combined with the aid of an 8 day up field performance.

The up and down fields are basically strings of buying and selling sprees. Most of the time, excluding fundamentals, some traders just trade the technical picture while the media hasn't a clue and tries to explain price movements with their jibberish which is non sense. Traders take a contrary position as up and down fields appear to reach extremes.

So, is an 8 day up field enough on this ride to stop prices or will we have a few more positive days? There can be two down days(today is one) which will keep the up field intact but three will end it with the possible cluster of down days to follow. We'll just have to wait and see.

Silver continues to be volatile as compared to gold. Gold was off 1% today while the naked silver shorting community(four domestic bank) pounded it lower by 4%.
 By bluejay

07/18/2011  5:33PM

Silver, what a pretty chart:

 By bluejay

07/18/2011  5:26PM

Gold $1603.60 UP $9.50
Silver $40.53 UP $1.20

http://www.kingworldnews.com is the place to go to get all the information that you require in understanding why gold and silver, eventually, must go higher.

James Dines said just last week at the site, being interviewed by Eric King, that silver is headed to $300 to $500 an ounce. It's quite an interesting interview, as Jim is a colorful guy.
 By bluejay

07/17/2011  1:22PM

Bob Chapman : Gold and Silver to go up 150% by the end of the year

 By bluejay

07/15/2011  11:27PM

Some July 14, 2011 comments by Jim Willie.

Take a short break from all the hubbub in the United States over the faltering USEconomy, the reckless politicians pretending to come to a USGovt budget agreement (small or large), and the tacit admission by USFed Chairman Bernanke that indeed QE3 is very likely.

The June Jobs Report confirmed my forecast of a moribund economy in deterioration. The Republicans will not budge on their refusal to approve tax increases. The Democrats will not budge on their refusal to approve entitlement cuts. The Pentagon through hidden pressures has managed to keep the sacred war off the table for discussion, even though it stands as the largest factor in the federal deficits.

But the queer item is that President Obama spent most of his time in the last six weeks raising $86 million for his re-election campaign. His taking the high road in the budget discussion reeks of hypocrisy. The absence of leadership in the executive branch is matched by an equal absence in the Congress. The leadership at the US Federal Reserve is clear, but the incompetence and lost credibility has rendered the bumbling professor chairman a mere Wall Street tool whose ample tools dole out capital destruction.

Bernanke must react to the USTreasury Bond market pressures as much as his own long string of steadily wrong forecasts. My forecast was for QE3 to come by summer. The blueprints are on the table. The head fake and diversion drivel spouted by Helicopter Ben were ignored by the Jackass, just like the Green Shoots and Exit Strategy and No QE2 distractions in the last two years.

Quantitative Easing will go viral next, enough to call it Global QE. Gold & Silver will react, gold first with solid gains, then silver with massive gains to follow.

The common theme is the ruin of money.

Watch Italy for an extremely robust toxic powerful addition to the entire dangerous mix. Its nation is very large, whose debts are huge.
 By bluejay

07/15/2011  7:26PM

Gold $1594.10 UP $7.10
Silver $39.27 UP $1.08

Is Europe on the verge of a complete financial meltdown?

The following comments are from Mike's school buddy from UCSB, Monty Guild. Monty is an
accomplished investment advisor with offices in west Los Angeles.

"Although I understand that gold may have short term technical resistance at some higher levels, the fundamental background for gold and the argument for much increased demand for gold from Europe is stronger than it has been in decades.

We believe that a new wave of demand for gold is developing in Europe and will create substantial rises in price. Things look increasingly difficult for the European bond markets and European banks after the recent stress tests of European banks."
 By bluejay

07/15/2011  12:45PM


Thanks for the education along your thoughts, very much appreciated.

Gold $1591.10 UP $4.10
Silver $39.03 UP $0.84

Below is a link to the article written by Ambrose Evans-Pritchard entitled "Return Of The Gold Standard As World Order Unravels."

Mr. Pritchard is the business editor of the Daily Telegraph. For some years he was a Washington correspondent and eventually became a thorn in the side for the Clinton Administation with his reporting. When their nemesis permanently returned to Europe they openly admitted that they were quite pleased.

Gold is zeroing in on the $1600 level. Most expect this level to slow gold down a bit for a while. This could happen but for the next 6 weeks or so, I wouldn't be surprised to see the metal continue to flex its bullish muscles. Remember, Martin Armstrong expects weakness to begin about the time of Labor Day.

Considering that the silver shorts have been dumping more paper silver into the market over at the Comex, one has to be impressed with silver's ability to fight back. Pushing through the $38 level was no easy task.

 By David I

07/15/2011  3:54AM


At our present state of politics, with the enviro-socialists so prolific in our society, I do not think a constitutional convention would be advantageous for protection of our rights and liberties.
Amendments to the constitution, would better serve the purpose of changing the constitution, one change at time.
The one good thing about California that during earlier times when freedom was revered by the people, the democratic process of the public vote was made into law so that we could vote in laws that were not at the disposal of a corrupt representative government.
Not all the states have this public capability, which they should have.
A U.S.Constitutional amendment should specifically require all the states as a constitutional responsibility to establish the democratic direct public vote of creating law, changes to the state constitution, as well as referendums for Constitutional changes to the U.S. constitution.
 By bluejay

07/15/2011  1:12AM


Hugo Salinas Price has been calling for Mexico to go on a silver standard for years with your same exchange idea.

As Gerald Celente has said, current events form future trends. Below may be just the beginning of change.

Governors of 35 states have already filed suit against the Federal Government for imposing unlawful burdens upon them. It only takes 38 (of the 50) States to convene a Constitutional Convention.
 By David I

07/14/2011  1:07PM

Unconstitutional for the states to print money. Is constitutional and required by the constitution that states pay their debts in gold or silver. I would think that states could and should be able to hold gold and silver and issue silver or gold certificates based on physical weight of gold or silver in troy ounces and redeemable as gold or silver species. This is then traded for dollars at the exchange rate determined by the market.

Read more: http://www.foxnews.com/us/2011/07/14/taking-liberties-legislator-proposes-alternative-currency-in-response-to/#ixzz1S6yINaNd
 By martin newkom

07/14/2011  8:43AM

Mr. Bernake doesn't know that in
certain areas like Sierra and
Trinity Counties in Calif. Gold
is legal tender, ie accepted as
currency, and there are areas
elsewhere, in the US, I'm sure.
 By bluejay

07/13/2011  11:53PM

Representative Ron Paul gets disrespected by a smug Bernanke saying, "gold isn't money."

 By bluejay

07/13/2011  11:23PM

From Jin Sinclair today:

The New York Sun tonight takes Federal Reserve Chairman Ben Bernanke apart for his doddering performance before the House Financial Services Committee and his dissembling response to U.S. Ron Paul’s question as to whether gold is money. The Sun’s editorial is headlined "Bernanke: Gold Isn’t Money" and you can find it here:

 By bluejay

07/13/2011  3:01PM

The following link below is to the July 13, 2011 article by Martin Armstrong titled, "The Outlook For Gold."

In the article Mr. Armstrong points out that the expected drop in the metal will follow a late August into Labor Day.

I've attended many lectures and classes in college relating to business and economics with Mr. Armstrong's current presentation being the most informative of all by a long shot. Mr. Armstrong's creative imagination plus his inqusitive thought process coupled with his analytical abilities are most impressive and present a rare opportunity to get the real facts as opposed to receiving bogus information from all the wound-up talking heads that we are generally exposed to.

In the article Mr. Armstrong refers to a ECM. The ECM is short for the Economic Confidence Model which he created. The major cycle engulfs 51.6 years and is broken down into six sub waves of 8.6 years each. Within each 8.6 year intermediate wave there are four 2.15 year minor waves. Mr. Armstrong has already stated that the ECM has turned higher again on June 13, 2011 within the major cycle beginning with the termination of the preceding 8.6 year down wave.

The Chinese and the CIA wanted Mr. Armstrong's software models because they were so successful, he refused. Shortly following, he was incarcerated in the early 2000's and was just released some months back.

 By bluejay

07/13/2011  12:40PM

Gold $1581.50 UP $14.20
Silver $38.09 UP $ 1.94

Gold trded higher today to nearly $1590 before it tired. Silver pushed above its 50 day average at 36.47 which is positive. The general $38.00 level still appears to present some resistance for the days ahead.

Below are some important thoughts of Peter Degraaf:

Governments have two ways of robbing the people of the fruits of their labor: taxes and the systematic destruction of the purchasing power of their currency.

In 1953, during the last audit of the U.S. gold reserves, the gold was referred to as ‘Gold Bullion Reserves’. Then in 2001 the description was changed to: ‘Custodial Gold Bullion.’ Six months later the description changed to: ‘Deep Storage Gold’. Could this mean that the above ground gold is gone and replaced by gold that is yet to be mined?
 By bluejay

07/12/2011  2:00PM

Gold $1568.50 UP $14.10
Silver $36.11 UP $ 0.36

Gold is getting a great lift in the midst of debt problems.
 By bluejay

07/09/2011  9:40PM

Gold $1544.20 UP $11.50
Silver $36.71 UP $ 0.27

Gold has found support at the $1500 level after briefly tradng below it and has been very strong lately as it closes in on its all-time high around $1560. Silver is well off its high from nearly the $50 level and struggles to advance with gold.

Aside from Jim Sinclair saying gold is on the verge of new highs, Martin Armstrong stresses caution as he expects a shake-down in both metals by about Labor Day.

Adding to the mix below is a kitco.com link to the article, The Silver Platter Opportunity by one of my favorite writers, Mr. Jim Willie. Within the article is an impressive thesis supported by charts from soneone else's research that points to a big upcoming move in both metals.

Today from King World News, I learned that Jim Dines is looking for an ounce price on silver from $300 to $500.

Although it's difficult to call the ups and downs correctly, both the metals remain firmly entrenched in their respective bull markets.

 By bluejay

07/01/2011  12:14PM

Gold $1485.50 DOWN $14.80
Silver $33.81 Down $ 0.91

It appears that gold is positioning itself for lower levels. The fact that the $1500 level appears not as supportive as earlier suspected supports this view.

Even in Martin Armstrong's lastest article http://www.10sigma.com/files/Borrowing%20from%20the%20Rich%2006-30-2011.pdf he is drawing attention to the metal, possibly, being weak into the early part of 2012. Although he still maintains from earlier publications that gold will eventually attain the $5000 level.

Also in his latest article Mr. Armstrong speaks of the safety of capital which will be headed into the private sector and away from government debt obligations for the next 4.3 years. Since the recent strength of gold and silver, a much larger focus may, indeed, be comong for the stock market even though unemployment will continue to rise accompanied by faltering economic news. It's just a matter of current safety as folks become more and more concerned in the government's ability to handle their ever-increasing debt load.

As the assets of the private sector become more attractive, with Armstrong's suspected rising prices, it will present another opportunity to acquire more gold and silver lower down as the public's mindset shifts away from this area with selling aided by the manipulating hedge funds and the government supporters who hate the stuff.

In early September the Perth Mint in Australia will release their new line of 2012 Lunar Dragon silver and gold proof sets. I'll be anxiously awaiting to place my orders when they become available on the Net. These coins have proven to be excellent investments over the years for one reason, they are minted in limited quantities and sell out quickly.
 By bluejay

06/29/2011  9:31PM

From today's http://www.jsmineset.com:

Jim Sinclair’s Commentary

Taking on more debt is the solution to the Debt Problem? Don’t sell your gold with this type of reasoning running the show.

IMF urges US lawmakers to raise $14.3B debt limit
By CHRISTOPHER S. RUGABER – AP Economics Writer | AP – 3 hrs ago

WASHINGTON (AP) — The International Monetary Fund urged U.S. lawmakers Wednesday to raise America’s borrowing limit. It warned that inaction could lead to a spike in interest rates that would harm the U.S. economy and world financial markets.

bluejay comment:

It is quite apparent that we being instructed to take on more debt to save the world's elite. Ron Paul says it's time for the country to declare bankruptcy(bite the bullet) inferring that there has to be some pain to right the mess that we have allowed our masters to put us in and this would include cutting the banker's intravenous feeding lines that have been stealing our children's future since TARP was invented.

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