November 21, 2017 
 Tuesday 
 
 

Forum
Topic:
Gold Enters Major Bull Market

       

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 By bluejay

01/01/2011  9:18PM

Gold and Silver to advance during the first half of the new year. James Turk forecasts $1800 gold and $50 silver. Check out the full interview of James Turk by Eric King.

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/12/30_James_Turk.html
 By bluejay

12/31/2010  5:26PM

Gold $1421.60 UP $17.60
Silver $30.91 UP $ 0.45
Copper $4.42 UP $ 0.08

Copper was added as it has been very strong in December and is expected by Bob Chapman to hit $6 a pound in 2011.

Gold in the last trading day of the year put in an impressive close, as did silver. If a close on gold occurs in the excess of $1480, it is expected to go ballistic according Martin Armstrong. Silver, with a close over $30, is very near to going ballistic according to Eric from http://www.jsmineset.com.

Below is a link to a story entitled Hyperinflation Will Drive Gold To Heights Unthinkable. It is written by Egon von Greyerz from Gold Switzerland.

http://goldswitzerland.com/index.php/hyperinflation-will-drive-gold-to-unthinkable-heights/
 By bluejay

12/16/2010  3:55PM

Gold $1371.70
Silver $28.85

A little concerned with the weakness in gold today? You might not be after reading the few exerpts below from the December 15th article, "Chinese Take-Out(of US economy) by Jim Willie:

The global monetary system is collapsing, led by sovereign debt ruin and amplified monetary expansion that brings no viable solutions anywhere. The major banks are collapsing in insolvency and futile defense of their broken fortresses. Government deficits are spiraling out of control, whose solution in fiscal austerity only makes the economies weaker. The metals exchanges are being systematically drained, even as revealed for the leveraged high risk in fractional methods. They buy and sell paper gold and paper silver without too much benefit of physical, permitting naked short sales by the biggest US and London banks. Their game is being called. The Swiss banks are under critical eye for foot dragging on gold & silver withdrawals from Allocated accounts.

The Chinese have done something remarkable, only to be done if they know the game is over and the victory over fiat paper money is complete. The Chinese have laid out their game plan, their modus operandi, their tactics if not strategy, through an anonymous London broker. Hats off to the King World News for sharing the invaluable information that should encourage even the most timid and reticent investor. The Anglo bankers are stuck!! They are running out of physical metal to sell in a fractional scheme. They cannot afford to pounce too hard on the price, with either naked shorts or higher margin requirements. Doing so only plays into the Chinese hands, which are grabbing all the bullion available. So the challenge is for the Anglo bankers to control the pace of the demise of the Gold & Silver metal market. This is game over. In these times of monetary hyper-inflation, called euphemistically Quantitative Easing among gentlemen, the prospects for a double and triple in the Gold & Silver price is utterly obvious.
 By bluejay

12/15/2010  11:01PM

Sorry for the entra entries but tonight for some reason, the keyboard is somewhat sensitive and appears to have a mind of its own.

The feeling is apparent that bear forces are attempting to take gold lower, led by aggressive pressuring each time silver nears and breaks the 30 level. Aside from this, gold remains firmly entrenched in its bull market.

It's no secret from viewing the gold chart that an effort has been in the works since early October from preventing the metal from establishing itself above 1400. What's happening now is the bears are hoping to destroy a short term ascending trendline at 1376. Also, they have their eyes on invalidating another support area, this one from an established ascending 50 day moving average line at 1368.12.

This is just how the bear mind works, always looking for opportunities to erode confidence in the gold market by hacking away at perceived areas of support to create their little panic sell-offs.

In this case, their trick plan is to crush these two levels and hold prices below with more selling if gold tries to push back through them. Will their plan work?

Lower down there is support at the 1346 to 1350 area from a line extended through two recent bottoms(1320 and 1330).

Jim Sinclair states 1650 is coming in January. With a last of 1381.70 the big push, for him to be right, will have to start soon. If Mr. Sinclair is right, Mr Martin Armstrong's prediction of $5000 comes into play. Mr. Armstrong stated, once the top of the ascending monthly channel line is bettered just below 1500 then its up, up, up and away.

Will PacMan eat the shorts in the coming days or not? Stay tuned.
 By bluejay

12/15/2010  10:09PM

 By bluejay

12/15/2010  9:39PM

Gold $1380.80
Silver $29.01
 By bluejay

12/13/2010  5:42PM

Gold $1400.30 UP $5.80
Silver $29.73 UP $0.18

If you like silver, this an opportunity.

Currently you can purchase pre-1964 silver coins for under silver content value, not to mention the 10% copper in each coin. Lately, copper has been hot and is over $4 a pound.

At the following website they are offering half dollars, quarters and dimes at about $27.50 for their silver content with silver's last of $29.73.

http://prostores4.megawebservers.com/madeyourday16_com/-strse-Special-Offers/Categories.bok

I have dealt with these folks before with no hitches. All purchases are shipped free of charge with no sales tax from the State of Washington.

I'm going for more tonight.
 By bluejay

12/09/2010  5:13PM

Gold $1387.60
Silver $ 28.76

Below is a linked chart from stockcharts.com depicting the recent weakness of gold against silver, basically saying, silver had been the place to be for folks seeking maximum protection against the general meltdown of public confidence in their governments.

http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24SILVER
 By bluejay

12/09/2010  5:12PM

Gold $1387.60
Silver $ 28.76

Below is a linked chart from stockcharts.com depicting the recent weakness of gold against silver, basically saying, silver had been the place to be for folks seeking maximum protection against the general meltdown of public confidence in their governments.
 By bluejay

12/07/2010  3:16PM

From Jim Sinclair at http://www.jsmineset.com:


In the News
Posted: Dec 06 2010 By: Jim Sinclair Post Edited: December 6, 2010 at 10:43 pm

Filed under: In The News

My Dear Friends,

Gold is clearly on its way to $1,650 and beyond. I have told you for many years that there was no PRACTICAL solution to the problems created by OTC derivative manufacturers and distributors namely our beloved “banksters.”

By practical I meant a solution that itself would not cause more dislocations than the problem to which it was applied already has. Now you see political realities both in taxation and quantitative easing.

Friends, there is no practical way out of this problem – none. We are going to inflate and spend as the entire Western world financial/political managers again try to kick the can further down the road.

No further proof is required.

Regards,

Jim
 By bluejay

12/07/2010  1:40PM

Gold $1398.10 OFF $26.50
Silver $28.51 OGG $ 1.57

Government carpet bombing of gold and silver today has sent both metals lower. This is no less than a scare tactic. It wouldn't surprise close followers of these markets if the disinformation dial gets abruptly turned up to support these shenanigans.

Can you imagine, selling crate loads of paper contracts(??) trying to make people believe they are just as good as the real thing? What a joke! Just try and take delivery and the Comex boys do everything to dissaude you. Just ask Mike. He had an associate that went through the Comex meat grinder when he wanted his gold. The Comex boys, basically, told him to go stick-it. What a joke!

What we're probably witnessing today is a scared and freightened Fed and Treasury shooting the messenger that is telling us, these guys don't know what they're doing.
 By bluejay

12/05/2010  5:37PM

Gold $1410.90 OFF $3.60

Ben Bernanke has just finished speaking on 60 Minutes back East. For us on the West Coast the buffoon will be coming on TV in a few hours.

Ben has, probably, by himself destroyed more of our wealth with all of his free hand-outs to his Lords, the international bankers, than any other person in the World's history. If anyone believes anything that comes out of his forked tongued mouth, you are in dire need of some serious education.
 By bluejay

12/04/2010  2:09PM

The following are comments by James Turk who has been correct in his gold and silver predictions, many times. His comments were aired on kingworldnews.com with Eric King hosting last week.


“The market in silver is very tight, it hasn’t loosened up at all. The takedown we discussed in a previous interview that was an attempt to shake out strong hands in the silver market did not work. We actually had an increase in demand into that decline.

We may test support one more time, but there is enough of a base that has been built, it is strong enough to launch it. So you don’t need one more dip. The next upleg will begin with a break above $30 on silver and that should take place in short order.

The gold/silver ratio is once again below 50, that is a bullish indicator. When we take out the low of 48.70, silver should be trading above the previous high of roughly $29.30. Silver would then be leading which I really like to see.”

Gold also appears ready to launch, despite pulling back to even on the day. What are your thoughts on gold?

“Gold is taking a little longer to develop because it had several days of trading above $1,400, so some short-term resistance built up there. But I like what the gold chart is doing, it is creating enough of a base to power through that minor resistance level.

The bottom line is that I expect silver to take out its high, to be followed by gold hitting new highs a day or two later. It is important that gold confirms the new high in silver so that both metals are trading in synch with each other in new high territory.

By the way Eric, I like very much what the gold stocks are doing here today. We are seeing some real strength which suggests higher prices in not only the mining stocks, but also in the precious metals as well.

What we should see is the XAU which has already confirmed, followed by a confirmation of new highs on the HUI as well. You know my view has been that the new bull market in the mining stocks began when the XAU made a new high above 206 back in October.

Just to be clear, going forward we should expect extremely bullish activity in the mining shares.”

The comments at the end by Turk remind me of Jim Sinclair’s statement that people should hold on to their book (positions) right now. In secular bull markets, it is a huge mistake to lose your position. At the same time it is very difficult for individuals to hold on all the way to the mania. As Richard Russell often says, “Very few human beings are able to hold for the duration of a bull market.”
 By bluejay

12/03/2010  11:43PM

Gold $1414.50
Silver $29.38

Something is seriously wrong in the world with derivatives and debt and gold is yelling loudly to be prepared.

From http://www.jsmineset.com:

Jim Sinclair’s Commentary

You know what respect I have for Martin Armstrong as a broad market trend timer.

He is simply the best in modern times. Yes, he is a tad self-destructive but that does not detract from his genius. I have known MartinArmstrong since the late 60s and have yet to see him seriously wrong.

In Martin Armstrong’s last writing he said the following about gold. His history of accuracy demands that we all listen carefully to him, myself included.

“I have given a number for gold $5,000 that is very conservative. If we take U.S. gold reserves at 252 million ounces and we divide that amount into the national debt of 14 trillion that yields a staggering amount of $53,639 per ounce. Even taking the world official gold reserves divided into the US debt of 14 trillion we still get $15,873 per ounce.”

This makes my eight year price objective of $1,650 in January of 2011 look pitifully on the low side. Assuming Armstrong is right (as he has been for 40 years), the shorts of gold and gold shares are going to be destroyed.
 By bluejay

12/02/2010  11:15PM

Gold $1391.40
Silver $28.78

As Nobel Prize-winning economist Robert Mundell, 'the father of the Euro,' recently warned, 'We are living in the worst monetary instability in the last 3,000 years.' The prospect for precious metals has seldom been more promising."
 By bluejay

11/30/2010  6:52PM

Gold $1388.30
Silver $28.12

The following are comments on gold and silver from Dan Norcini at http://www.jsmineset.com :

Considering the fact that today is the end of the month and that during such times, many markets that have been in uptrends see some price weakness as traders book profits, gold, and silver for that matter, displayed impressive strength as buyers went to work. One can only suspect that December should start off very well for the fans of both metals based on what we saw today as overhead resistance levels were shattered and both markets appear to have broken out of recent consolidation patterns and look poised to move higher.

If that wasn’t enough, Gold priced in terms of the Japanese Yen made a 27 year high at today. When priced in terms of the British Pound and the Euro, it set new lifetime highs respectively. It also is within a few francs of setting a lifetime high in terms of the Swiss Franc.

Clearly unrest regarding the sovereign debt crises of some of the Euro nations is bringing strong demand from the continent into gold and silver for that matter as silver made a new record high when priced in terms of the Euro.
 By bluejay

11/29/2010  8:34PM

Gold $1362.70
Silver $27.10

The fact of the matter is that the knot-heads in Washington along with the biggest knot-head of them all, Ben Bernanke, plus their bankster buddies know not what they do and in the end (as is now for some folks), we will pay a very high price for their abundance of STUPIDITY and GREED.

Got your gold?

The following linked article by a "real" brilliant man, Mr. Martin Armstrong, clearly and sadly spells out a factual and shaking account of HOW IT IS.

http://www.martinarmstrong.org/files/Indirect%20v%20Direct%20Stimulus%2011-21-2010.pdf
 By bluejay

11/23/2010  10:25AM

Gold $1373.70 UP $7.30
Silver $27.35 DOWN $0.58

Gold advanced on the reported shooting between the two Koreas. Silver got a one-two punch taking it down to $27.08 in early London trading. Silver is still weak but is trading higher being helped by its big brother.

It was quite apparent this morning that massive naked selling was once again at work in the gold shares. As gold advanced, you could have all the shares that you wanted which kept prices unusually checked. Silver being checked was also a bit unusual with gold advancing.

What are we to surmise today with the contrary action in the gold shares and silver?

Although the metals are in a general resting stage following their recent advances, any strength will be met with aggressive selling by the miscreants until new highs come again. Until that time arrives, when the bull starts lifting his horns again, it will make sense to remain on the defensive.

The HUI, the gold producer unhedged Index of stocks, made a long term breakout above the 515 trouble level on the chart about four weeks ago. The last on the HUI is 547.27. The naked shorters can dump all the paper they want into gold share market to surpress prices but they may be in for a shock when higher earnings expectedly hit the news wires.

The SEC is a criminal organization for permitting the conterfeiting of mining shares. Big money interests in Wall Street have bought and paid for this Commission many times over. These guys will never go to jail as they own the regulators who are paid to look the other way.

Frustrations are growing internationally at the influential control the big banksters have over our lives with their puppets in government orchestrating for them. Check out what the French soccer star, Eric Cantona, is advocating for December the 7th.
 By bluejay

11/21/2010  9:39PM

Check this out. Tired of banks controlling your life? This is an opportunity to show your dissatisfaction.


http://maxkeiser.com/2010/11/17/max-keiser-crash-jp-morgan-buy-silver/
 By bluejay

11/21/2010  4:54PM

Asian Markets Sunday

Gold $1359.20 UP $5.10
Silver $27.81 UP $0.46

Gold is up $1000 an ounce since this topic was created.

During the period the State has taken away management's focus towards mining and cost the shareholders dearly in checks going to it along with the expenses of defending ourselves over and over again from these tyrants. To say we have been damaged would be an vast understatement.

The last time I checked mining was still considered a major enterprise in our country but in California mining is practically non-existant. We as Californians, along with the mining industry itself, have been beaten down with regulations, all in the real name of stuffing those fat cat pockets in Sacramento with unjustified high salaries and as mentioned earlier, with puffed up pension plans.

Well, State salaries and employment are due to be greatly reduced along with the outrageous entitlement programs. They did it to us and themselves all in the name of GREED. California may never be the same again because of the cupidity of these so-called bureaucrats or as stated by a friend of the mine, by these liberals and socialists.

When these legislators and all their staff along with the useless and unproductive bodies in these so-called regulatory agencies come home someday crying that the State can't afford them anymore, you won't catch me feeling sorry for them. They all deserve what is surely coming their way as a result of the State's $25 billion deficit, growing each day, that they are all responsible for in one form or the other.

The new money in the world today is gold and we still have it in the ground just waiting to be daylighted. Gold and silver are going a lot higher in price as a result of the Fed printing all this new money because their little brains can't figure out what else to do because their bankster buddies keep telling it to continue sticking it to the people. New money will equal more inflation(hidden tax), sooner or later, with the banks and government being the great benefactors.

Aside from efforts to halt or stall the march to higher prices in the metals, everything will be done to attack them. So when these days occur followed by weakness in the precious metals:

Buy Gold

Buy silver

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