November 24, 2017 
 Friday 
 
 

Forum
Topic:
Gold Enters Major Bull Market

       

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 By martin newkom

08/15/2010  3:50PM

I think that the Obama admin. if
they haven't completely broke us
should begin buying gold for the
Ft. Knox depositary.
 By bluejay

08/15/2010  1:50PM

Gold closed out the week at $1215.40.

It appears the metal will continue to be strong above $1210. Jim Sinclair remains confident that $1650 is just around the corner.
 By bluejay

08/05/2010  9:14AM

Last on gold is $1193.70.

Barron's had one of their hired guns, Alan Abelson, doing a hacket job on gold this week. Howard Katz did a far better believable hatchet job on Al and his Barron's relating to the metal that's available from kitco.com under commentaries titled, "Requiem For Barrons."

My hat is off to Mr. Katz for having the guts to publicly put the anti-gold rag in its place.
 By bluejay

07/29/2010  9:14PM

Last on gold is $1168.60.

The case for sound money with commentary from Jim Rickards being interviewed by Eric King from King World News. Jim compares current Washington to the final days of Rome (two parts)

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/7/26_Jim_Rickards_.html

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/7/28_Jim_Rickards__Part_II.html
 By bluejay

07/28/2010  9:31PM

Last on gold is $1166.00.

The following are comments submitted to jsmineset.com today:

Dear CIGAs,

Hyperinflation will come overnight as Jim predicts. Forget gradual.

How do you protect assets and food? Hide stuff. Avoid medium profile. The following article describes how bad it got in German hyperinflation and how dangerous it was to even own a painting. Read it all, then plan appropriately.

Harry Schultz

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7909432/The-Death-of-Paper-Money.html
 By bluejay

07/27/2010  8:22PM

Last on gold is $1162.60.

The following comments by Jim Sinclair from jsmineset.com describe what is happening during this engineered weakness in gold:

Dear Comrades In Golden Arms,


I have said to you many times that the entities that will make the most profit on the gold price will not be the gold community, but rather just those that the community identifies as the enemy, the gold banks.

What is happening now is the set up to that event.

Recently Armstrong questioned publicly if the Goldmans of the world were using his cyclical analysis. Judging from what we have seen the answer is yes by intention or coincidence.

Those wishing to offset their pain on me today have to be defined as the public. The only bulls today are the stone professionals who can see what is taking place in the published numbers.

The gold banks are engineering their short cover and will shift to the long side of gold. It is in fact happening right now as the public panics. The currency market and media will be called into service in order to take gold to and through $1650.

Respectfully,
Jim
 By bluejay

07/13/2010  8:08PM

Last on gold is $1211.50.

In The News Today
Posted: Jul 13 2010 By: Jim Sinclair Post Edited: July 13, 2010 at 9:26 pm

Filed under: In The News

Thought For The Evening

You pulled the rock over your hole in the ground when the BS was flying in gold and all the top callers were out of their cages. What you saw there was and will remain pleasing.

Gold is going to $1650 on this move with all the outrageous drama common to this market.

To our men out there, man up if you want to be in gold on pay day. The ladies seem never to whine.
 By bluejay

07/11/2010  4:13PM

Weekly closes:

Gold $1211.40
Silver $18.15
DOW 10,198.03

The stock market is finally showing signs of its traditional summer rally. In the past four days it has advanced nearly 600 points from close to the 9600 level. According to Martin Armstrong armed with his historic cycles studies research, August the 2nd will be turning point for the market in continuing its intermediate fall.

Ted Butler in his weekly metal's wrap-up with Eric King at King World News states, that both gold and silver gained in relative strength last week. Gold is now at the 70-75% probable point of going higher, while silver remains better placed with a 90% ranking. Gold has now improved by 20% from last week's mark in resuming its upward trend and is at its best probability mark for strength in many months.

Ted Butler is an expert on silver and gold and follows closely the commitment of trader's changing positions in gold and silver on the Comex Exchange.

All Commitment of Trade categories internally improved except for the shorting by J.P. Morgan and their other few banking buddies. These are the same miscreants that brought us the metal's collapse in 2008. Morgan, by far, is the greediest money monger around. These people are so obsessed concerning money making schemes that they may know "no boundries."

They even try their hand at spinning the pending possible worst ecological event in earth's history as being good for the economy with their ongoing half-ass clean-up efforts. Never mind that they(the puppet of the Rothchild's)are the largest shareholders in British Petroleum along with the Queen, their arrogance and lack of REAL concern demonstrates that the English are back with their treacherous ways in disrespecting the well being of inhabitants of this land, all in the name of Satan.

Go gold!
 By bluejay

07/01/2010  8:28AM

Gold $1221.90 OFF $20.50
Silver $18.02 OFF $ 0.60

Dow Jones Industrial Averages OFF 131.12 at 9642.90

The widely followed DOW has smashed below support in the 9800 area and appears destined for some shaky months ahead. It appears that moving ahead into the infamous September/October time period, the market could well be considerably lower. What is bothersome is that chances of a summer rally developing are lessening with each passing day of weakness.

The dollar is also weak this morning as the shorts in the Euro are getting squeezed with higher prices. It seems the gold price wants to sell-off based solely on the Euro's strength as opposed to following a weak dollar with usually expected higher prices.

The dollar is off 1.32% at 84.92 while the Euro is up 1.70% at 124.53. Volatility in all markets seems to be the order of the day with the major banks being involved in trading as their main source of income these days.

Heaven help depositors and us all if the banks get on the wrong side of the market, again. Next time, there will be no bail-outs or as some call it, stealing from the public via their paid cronies in Washington.

Last on gold now is $2215.70. I wonder, where will the next great daily buying opportunity be? The key will not always be perfect as buying the metal at exact low points, but just keep buying it into weakness and you might get a low here and there.
 By bluejay

06/24/2010  8:08AM

Last on gold is $1242.70 UP $5.40
Last on silver is $18.57 UP $0.06

Gold continues backing and filling with an upward bias following a suspected attack by the cartel after breaching $1260 some days back. The current daily uptrend shows about $1220 as support with resistance coming in at around $1320.

China has been downplaying gold's strength from one of their many spokesmen as being in a bubble and having no interest in this volatile metal. Quite interesting as one of their gold producers just signed a deal to purchase about 50% of the gold production from Coeur d'Alene's new Kensington Mine in Alaska. http://www.chinamining.org/Investment/2010-06-24/1277342344d37223.html

Another one of their spokesmen indicated some months ago that their plan is to acquire, within 10 years, a total of 10,000 tons surpassing the stated 8,000 plus tons that the U.S. holds. Unfortunately, there's not many folks around that believe that we have nearly that much in hand lacking any recent audits. The Treasury reclassified their gold holdings sometime back as being in "Deep Storage," whatever that means.

One thing is for sure, China continues to downplay gold as it quietly works behind the scenes to tie up physical gold while the bullion banks representing the Treasury continue hurting it with paper sales on the Comex Exchsnge in N.Y.

This game between the two will continue playing out with gold making new continuous highs as the cry babies of a dying fiat monetary system continue throwing mud at it following each price surge with no lasting effect.
 By bluejay

06/20/2010  6:38PM

California Numismatic Investments (CNI) - Englewood, California

Go to golddealer.com. All the info you require is there. In order to avoid tax and insured shipping charges you'll have to spend 2M.

These folks have, overall, the best prices that I've seen. I've dealt with them for years. These people are very professional.
 By Rick

06/19/2010  9:18AM

BlueJay, refresh my memory please...what is the best way/place to buy physical gold (not paper) ?
 By bluejay

06/18/2010  2:05PM

Speaking of a all-time high of gold today, one needs to consider the following along with silver's current price:

From John Williams subscriber comments today.

"Gold and Silver Highs Adjusted for CPI-U/SGS Inflation. Despite another recent all-time high in the price of gold, in the current cycle, gold and silver prices have yet to approach their historic high prices, adjusted for inflation. Even with the June 8th historic high gold price of $1,246.00 per troy ounce, the earlier all-time high of $850.00 (London afternoon fix, per Kitco.com) of January 21, 1980 was not breached in terms of inflation-adjusted dollars. Based on inflation through May 2010, the 1980 gold price peak would be $2,384 per troy ounce, based on not-seasonally-adjusted-CPI-U-adjusted dollars, and would be $7,595 per troy ounce in terms of SGS-Alternate-CPI-adjusted dollars."

"In like manner, the all-time high price for silver in January 1980 of $49.45 per troy ounce (London afternoon fix, per silverinstitute.org) has not been hit since, including in terms of inflation-adjusted dollars. Based on inflation through May 2010, the 1980 silver price peak would be $139 per troy ounce, based on not-seasonally-adjusted-CPI-U-adjusted dollars, and would be $442 per troy ounce in terms of SGS-Alternate-CPI-adjusted dollars."

Also from John Williams today:

"The general outlook on the economy and the markets is unchanged. For those with assets at risk, circumstances continue to suggest looking at actions for long-range wealth preservation. Despite any severe near-term volatility in the markets, physical gold and silver, assets outside the U.S. dollar (such as the Canadian dollar, the Australian dollar and Swiss franc) and assets outside the United States, offer long-term hedges against the severe loss ahead in U.S. dollar’s purchasing power."

Current gold and silver prices in "funny money" combined with skewed government reporting of our real inflation rate make these metals the most under-valued assets on the planet.
 By bluejay

06/18/2010  8:58AM

Gold hits all-time high of $1262.30

Last on gold is $1260.70 UP $15.50
Last on silver is $19.23 UP $0.50
 By bluejay

06/15/2010  9:48AM

Last on gold is $1234.00
Last on silver is $18.62

Remember May 6, 2010, the day the market crashed 1000 points within minutes? Remember the paper's reporting that some order entry person submitted the wrong dollar amount to liquidate?

Well, get ready for a real education.

http://www.youtube.com/watch?v=-6zN_P5n5K8
 By bluejay

06/09/2010  12:29AM

Words from Jim Sinclair:

I know for certainty that gold will trade at $1650 on or before Jan 14th, 2011, but Armstrong thinks higher and before the end of June 2011.
 By bluejay

06/08/2010  2:46PM

Gold closed off its high today at $1253.30 with a current last of $1234.80. This action could well be a very short term high point but never the less, an all-time high was established this Tuesday.

The following link is to a ratio of the DOW to gold, showing the great weakness it has experienced over past months. Richard Russell, when the Index was much higher predicted, the Index would continue lower until the DOW and gold were at the same level. The chart is courtesy of Dan Norcini at jsmineset.com who recentled moved from Houston to Idaho in getting away from big city life.

http://jsmineset.com/wp-content/uploads/2010/06/Dow-Gold_ratio.pdf
 By bluejay

06/07/2010  9:54PM

Egon von Greyerz from the below article appeared on CNBC today. When he started to make a forecast of much higher gold prices the CNBC crew attempted to discredit him.

The direct link to the video interview can be accessed from jsmineset.com
 By bluejay

06/07/2010  9:27PM

Last on gold is $1238.20.

The following linked article, "Sovereign Alchemy Will Fail" by Egon van Greyerz describes the world financial condition from February 11, 2010. At the end of the article is a John Williams' real CPI adjusted gold chart which will shock you.

Not surprising, we never saw this chart on financial TV, in newspapers or mentioned in other media outlets except on the Internet.

http://www.matterhornassetmanagement.com/2010/02/11/sovereign-alchemy-will-fail
 By bluejay

06/06/2010  12:33PM

Governments, whether they be federal, state or foreign, are financial imbeciles. It might take a little time, but they are all coming to their citizens through wealth confiscation to bail them out and keep their jobs.

We are at the cusp of a complete financial breakdown. Currently, all combined debt, government and personal included, in this country is runnung at 840% of national GDP according to Mr. Ron Arnott chairman of Research Affiliates. How will this be sustainable with increasing debt obligations as Obama and company keep borrowing more? This is complete insanity.

Marc Faber a follower of the Austrian school of economics states, "We are all doomed."

You and your neighbors will be bailing out these fools for a long time to come. Confiscation comes in many ways: States like California will dismandle the social support apparatus along with taxing property owners and taxing everyone for EVERY financial transaction. The barter system will make a major comeback. The federal ambitions are simple: Destroy our purchasing power by significantly expanding our money supply so they can repay the debt in cheaper dollars.

According to Martin Armstrong, when the people have had enough witnessing the continuing destruction of their purchaing power they will hoard by dumping their debased currencies as fast as possible. When this starts to appear we will be in hyperinflation. Hyperinflation will practically wipe-out everyone's wealth unless you are protected. This is why it is so essential to hold a good portion of your family's wealth in gold, some silver along with gold producers and explorers.

--------------------------------------------

Jim Sinclair’s Commentary

The predatory beast of the OTC weapon of mass financial destruction, the CDS, is now consuming its next meal.

One by one the fiat currency system is unraveling while others are making trillions in the process.

Gold is the ONLY answer. If you do not own it you perish. If you trade it odds suggest you will not be fully positioned on payday.

Sovereign Credit-Default Swaps Surge on Hungarian Debt Crisis
By Kate Haywood

June 4 (Bloomberg) — Credit-default swaps on sovereign bonds surged to a record on speculation Europe’s debt crisis is worsening after Hungary said it’s in a “very grave situation” because a previous government lied about the economy.

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