December 11, 2018 
 Tuesday 
 
 

Forum
Topic:
Gold Enters Major Bull Market

       

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 By Rick

09/02/2010  7:45PM

Thanks for scooping the letter and posting! Before anyone reads my words, please scroll down and read what I am responding to.


Two major things come to mind:

1) Diversification, if we can, putting our money/assets or hearts in the best places we KNOW are solid. Gold, and the Original Sixteen to One Mine, is a grand choice. I remember 1ozt gold-bars offered and wish I had purchased many form the Mine (I still hope to, and there is positive potential for this.)

2) RECOGNIZE, in the latter part of the article posted below...how the manipulation of things in Washington is an attempt to buy votes.

So, I implore everyone to read the entry below.

My personal feeling is that our GRAND USA is one made of strong self-determination and optimism of outcome! recognition of
 By Michael Miller

09/01/2010  12:54PM

I rarely copy a newsletter to our FORUM. Marc Cuniberti is a local host of a weekly radio show on KVMR FM 89.5. It’s a quick read. MMM

Money Matters Newsletter: Market Rally reflects investor hope! We are not done says Wall St! Update Sept 1, 2010
Marc’s Notes:
The market shot up on today’s open because of hopeful news from China that counter acted the recent onslaught of dire news pieces that have pummeled the US markets. You have to admit this market is dying for good news and any hint of it sends the indexes soaring. Keeping that in mind we must realize investors are still very positive on the “recovery” and believe the spin coming from the Wall Street Cheerleaders, amazing as that may seem. I find it incredible that also out today was a bad hiring report showing more job losses yet the market ignores that and focuses on China. What this tells me is that we are nowhere near a bottom as contrarian economics says when most investors give up, a bottom is near. With all this “hope” and investors buying ANY good news, they are nowhere near capitulation. This means the markets still have buyers waiting so we are not done going down, but these rallies can be violent. Wow, up 230 as I write this.

Gold is looking great still and we are looking to close out our UNWPX when it doubles, but we are still a long way out from there. Meanwhile our dividend payers are holding up, those that didn’t get stopped out that is.

This thought made me mad yesterday. I was thinking about that Flash Crash a few months back and how many listeners, clients and investors got stopped out of their positions way below their stop prices. The markets rebounded immediately and good people lost positions and profits to Wall Street. This was a blatant fleecing of the American public. The SEC could have negated the whole day, or at least paid people what their stops said, but know, you got railed and Wall Street Brokers got great deals on shares sold to them way under market, then these shares immediately went to real value and the brokers got all these shares in the end. Is it possible these houses needed money and engineered this thing? Maybe. Or maybe they just saw a good thing come their way and said too bad. Do you think if the brokers and banks were on the burnt end, they would have had the trades reversed?
Of course.
This whole market, this whole bail out thing, this whole bank rescue, its all a disgraceful sham, sanctioned by Washington in exchange for campaign money. The system is rotten from stem to stern.

We as investors are stuck with it however. So we do the best we can. Realize this market is now one big casino, where you pay your money and take your chances. When even legitimate stops and protections are by-passed thru flash crashes, you have to wonder where can we go for protection, to keep what we earned.
The answer is TRUE DIVERSIFICATION.
That means:

Gold and Silver in possession. Overseas money. (Offshore).
FDIC SAVINGS ACCOUNTS where they have to guarantee your money. (Not money market funds by the way).
Dividend Paying stocks, not NON PAYING mutual fund or stocks.
Gold and Silver funds and stocks. Overseas stocks.
Your primary residence. Foreign Currencies. Energy.

A bit in gamblers plays if you are a sophisticated investor and can tolerate loss possibilities.
Gun, Garden, Dog, Jeep, Gas, Cash, Friends, Family, Local contacts, debt free, healthy and mobile.

Stay tuned for FALL market activity. Tis’ the season. Its about to get volatile.

Upcoming Show Tomorrow: THURSDAY Sept 2, 2010. Noon PST.

“You Print, I Print”.

I describe the relationships between countries and currencies when one entity prints massive amounts of money (debt) and how it affects other economies and currencies. Important topic to comprehend so listen in.
All for now,
MarcMoney Matters Newsletter: Market Rally reflects investor hope! We are not done says Wall St! Update Sept 1, 2010
 By bluejay

08/31/2010  8:57AM

Gold $1248.80 UP $12.40
Silver $19.31 UP $ 0.27

Ron Paul questions whether there's gold at Fort Knox, NY Fed

By Michael O'Brien - 08/30/10 10:21 AM ET

Rep. Ron Paul (R-Texas) said he plans to introduce legislation next year to force an audit of U.S. holdings of gold.

Paul, a longtime critic of the Federal Reserve and U.S. monetary policy, said he believes it's "a possibility" that there might not actually be any gold in the vaults of Fort Knox or the New York Federal Reserve bank.

The libertarian lawmaker told Kitco News, a website tracking news about precious metals, that an audit was necessary to determine how much the U.S. maintains in gold reserves in case the government were to use gold to back the dollar.

“If there was no question about the gold being there, you think they would be anxious to prove gold is there,” he said.

“Our Federal Reserve admits to nothing, and they should prove all the gold is there. There is a reason to be suspicious and even if you are not suspicious why wouldn’t you have an audit?

“I think it is a possibility," Paul said when asked if there was truth to rumors that there was actually no gold at Ft. Knox or the New York Fed.

Paul had been one of the Republicans to spearhead a broader audit of the Fed as part of the Wall Street reform bill passed through Congress this year. The provision, which was weakened somewhat in the final version, found Paul joining with a number of Democrats to require the Fed to open its books and outline its assets and liabilities.

The gold reserves, which Paul's new bill would audit, are generally seen as a guarantee on a nation's currency, but the U.S. moved the dollar away from being tied to the price of gold in 1972.

Paul stopped short of calling for the reinstitution of the gold standard and instead called for the government to allow the use of hard currency — gold and silver tender — alongside the use of the dollar.

"If people get tired of using the paper standard they can deal in gold or silver,” he said.
 By bluejay

08/27/2010  8:38AM

Gold $1241.40 UP $5.10
Silver $19.28 UP $0.35

It certainly is apparent from the continuing positive action of these two metals that the message is quite clear: the probabilities are increasing that a price surge in gold and silver are forth-coming.

Check out Jim Willie's recent words of wisdom from kitco's commentary section.

http://www.kitco.com/ind/willie/aug272010.html
 By martin newkom

08/20/2010  7:06PM

Those young fellows who come in
the summer to work are pretty
hard to come by. If they catch the "bug" they will return and
make good workers.
 By martin newkom

08/20/2010  7:06PM

Those young fellows who come in
the summer to work are pretty
hard to come by. If they catch the "bug" they will return and
make good workers.
 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

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