April 24, 2014 
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Topic:
Gold Enters Major Bull Market

       

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 By bluejay

09/15/2012  7:02PM

Weekly closes

Gold $1770.50
Silver $ 34.68

Gold may be on the verge of an extended run based on the following imformation that was just received:

Battleships, aircraft carriers, minesweepers and submarines from 25 nations are converging on the strategically important Strait of Hormuz in an unprecedented show of force as Israel and Iran move towards the brink of war.

Western leaders are convinced that Iran will retaliate to any attack by attempting to mine or blockade the shipping lane through which passes around 18 million barrels of oil every day, approximately 35 per cent of the world’s petroleum traded by sea.

A blockade would have a catastrophic effect on the fragile economies of Britain, Europe the United States and Japan, all of which rely heavily on oil and gas supplies from the Gulf.

The Strait of Hormuz is one of the world’s most congested international waterways. It is only 21 miles wide at its narrowest point and is bordered by the Iranian coast to the north and the United Arab Emirates to the south.

In preparation for any pre-emptive or retaliatory action by Iran, warships from more than 25 countries, including the United States, Britain, France, Saudi Arabia and the UAE, will today begin an annual 12-day exercise.

They will practise tactics in how to breach an Iranian blockade of the strait and the force will also undertake counter-mining drills.

The multi-national naval force in the Gulf includes three US Nimitz class carrier groups, each of which has more aircraft than the entire complement of the Iranian air force.

The carriers are supported by at least 12 battleships, including ballistic missile cruisers, frigates, destroyers and assault ships carrying thousand of US Marines and special forces.

The British component consists of four British minesweepers and the Royal Fleet Auxiliary Cardigan Bay, a logistics vessel. HMS Diamond, a brand-new £1billion Type 45 destroyer, one of the most powerful ships in the British fleet, will also be operating in the region.

In addition, commanders will also simulate destroying Iranian combat jets, ships and coastal missile batteries.


By Sean Rayment, Defence Correspondent

10:00PM BST 15 Sep 2012
 By bluejay

09/13/2012  12:06PM

Bernanke Unleashes The Path To New All Time Highs In Precious Metals

Submitted by Tyler Durden on 09/13/2012 13:17 -0400

There was one thing, ONE THING only that Bernanke could do, to become a gold bug's best friend today, than merely announcing QE 3/4. It was to announce open-ended QE. This means this is the Fed's final shot and there is no way to frontrun the Fed any more by definition. It means the terminal start of currency debasement is now here. It also means that the path to all time nominal (and inflation adjusted) highs in gold, which is now just $160 away, silver, platinum, and all other metals, as well as all other hard assets is now clear.

$1764.30 UP $32.90
Silver $34.51 UP $ 1.20

The madman at the Fed continues to destroy our curreny's purchasing power. If you don't have gold and silver and their stocks as a hedge against your wealth it strongly appears you headed towards financial hardship.
 By martin newkom

09/08/2012  5:07PM

One could mint and sell "proofs" like the people on the "tube"
 By zef

09/07/2012  8:18PM

how hard would it be for this company to start minting its own tokens perhaps suitable for coinage though perhaps not to be called coins. so as to not get in trouble with the US government. Anyone heard of decas? http://www.coinbooks.org/esylum_v12n27a24.html

i used to have some but they got stolen.
 By bluejay

09/07/2012  3:24PM

Gold $1735.30 UP $34.00
Silver $33.68 UP $ 0.97

"Gold is truly going to and through $3500. The gold business is the best business to be in." Jim Sinclair

It pays, sooner or later, to have an active program in place for buying gold and silver coins on scary reactions.
 By bluejay

09/05/2012  11:01AM

Gold $1691.30 DOWN $4.90
Silver $32.21 DOWN $0.15

There are always rumors flying around the marketplace concerning where all the physical gold is coming from, especially over the past weeks as gold has moved higher and traded above $1700 for an instant yesterday.

Most likely western nations have been leasing out their gold in increasing numbers as soverign debt problems continue to swell. The only question that might remain is, will they be able to get it back? With paper products representing physical that is certainty not behind these instruments, it seems like a collapse of the paper market and the leasing market could take gold much higher, well beyond most people's imaginations.

The following countries, more than likely, have been buying the leased gold(does the U.S. really have any physical gold left?):

China - Russia – Bangladesh – Philippines – Saudi Arabia – Thailand – Belarus – Venezuela – India – Sri Lanka – Mauritius – Mexico – Bolivia – Colombia – South Korea – Turkey – Kazakhstan – Tajikistan – Serbia – Ukraine – Mongolia – Malta – Greece - Argentina.
 By bluejay

08/30/2012  12:06PM

From Jim Willie:

"Expect a price move toward $1800 very soon. Expect a Silver price move also, as it more clearly has broken out from the year-long consolidation, back over $30/oz. Moves in the two metals could come fast and furious. The Eastern world has consistently been big buyers, but now the Western world is seeking safe haven from the ruin in banks and bonds."
 By bluejay

08/27/2012  11:44AM

The Federal Reserve Is An Impotent Rodent - Gold Prevails

http://www.kitco.com/ind/Wieg_cor/20120827.html
 By bluejay

08/26/2012  12:50PM

Weekly closes

Gold $1670.70 UP $52.70
Silver $30.82 UP $ 2.72

In the later part of the linked Max Keiser's interview below a guest from London states that for the U.S. to pay off its $16 trillion debt with its supposed gold holdings that a price of $60,000 would have to be used.

In 1980 the equilibrium price of $850 would have done it for the same thing with a much lesser amount of debt.

The price of $1670 in the realm of the big picture is by no means expensive.

Gold is your best friend during these troubled times.

http://maxkeiser.com/
Select the "Debt Bomb."
 By bluejay

08/22/2012  8:54PM

Evening metal prices

Gold $1663.20 UP $24.60
Silver $30.17 UP $ 0.84

Pushing through the $1658 area on gold, if it holds, is significant. It is technically significant as well as politically significant. When one considers how many paper obligations were entered into in holding gold down by the bullion banks as many big banks wobbled, it is a wonder gold was able to shake off the paper selling pressure. This action bodes well for more pent up energy being released in higher prices with the bettering of the important $1658 level.

The day is coming when the paper gold market totally implodes for its inability to caugh up physical gold which frankly, does not exist as a basis for those contracts. Paper gold contracts should have never been allowed to affect physical prices. Are there possible suits coming from gold producers who obviously have been robbed?

The bottom line is the bankers are selling paper contracts as they take delivery on the physical metal from physical sellers. In the end, it is speculated, the public will pay the cost of the losses in shorting paper gold while the bankers keep the gains and the physical on the expected appreciation . Why would anyone think it would be any different?
 By bluejay

08/22/2012  11:55AM

Gold $1651.60 UP $13.00
Silver $29.83 UP $ 0.50

Gold for the past few months has been etching out a bottom formation and now appears has gathered enough strength to attack the important $1651 and $1658 resistance areas as it flexes its muscle today. If the metal blasts through these levels it could indicate that expanded financial troubles are upon us. From purely a chart perspective, it is expected than gold and silver may be due for a little resting in here.

Nevertheless, the higher metal prices of the past few weeks should feel great, especially, for those who have a methodical bullion coin purchasing program in effect.
 By bluejay

08/15/2012  6:13PM

More insight into the price suppression of gold and silver by Mike Maloney:

http://goldsilver.com/news/gold-and-silver-manipulation-high-frequency-shearing/
 By bluejay

08/13/2012  8:47AM

World's 10 biggest gold mines:

http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=156837&sn=Detail&pid=102055
 By bluejay

08/12/2012  3:04PM

The time is getting short to totally grasp what's ahead.

From Martin Armstrong:

I have never been one to yell fire in a crowded movie. But this is getting absolutely ridiculous. The global economy is in such a tailspin and there is nobody with a solution no less even a hint of what is developing so rapidly before everyone’s eyes, it appears just hopeless to save society.

The HYPERINFLATIONISTS, presume that government will continue to just print, for they cannot see that government is turning aggressive against the people for the bondholders will not tolerate such a policy and demand austerity with higher taxes. This is a Monmouth battle that is being waged and then they fail to grasp that state and local governments cannot print money and are becoming very Draconian raising taxes and prosecuting anything they can to raise money.

The federal governments are not coming to the rescue of state and local because they know they cannot. There are always counter-forces at work that must be balanced. There is a substantial difference in trend between national governments worldwide and state as well as local municipalities. This can only end in real profound collapse.

This is the reason to buy gold – to survive the future.
 By bluejay

08/12/2012  9:04AM

Comments by Bob Rinear as they appeared in Satueday's International Forecaster:

Gold and silver aren't priced by physical supply and demand. Their prices are set totally and wholly by paper trading. Futures. Derivatives. Forward leases. Swaps, Government interventions, etc.

While many roll their eyes and snicker at anyone that suggests that these markets are controlled and manipulated, the fact is that they are and they have been for decades. In Gold there was the "London Gold Pool" of the 60's that set the price at 35 dollars the ounce and bought and leased gold daily to keep that price locked. You can't exhibit a stronger case of "manipulation" than that. In Silver it really began being manipulated by the coinage act in 1965 and President Johnson himself stated that investors shouldn't try and look for gains in silver because the US would "dis-hoard" their stockpile to keep the price down. In other words, our Government via the President of the United States declared flat out that they would manipulate the silver market. It doesn't get much clearer than that.

After the London pool went under, and Central banks and Governments got more technology via communications equipment, the manipulations went from outright "open outcry" to underground. But it was and still is there. Yet not many understand how it works, and thus their attention is diverted in the wrong area. For instance JPM is usually the target of the silver manipulation crowd because on any given day they might be short a third of the entire silver production for a full year. In fact one silver trader Andrew McGuire went to the CFTC and forecasted that a manipulation would occur on a specific day, and "bingo" just like he said, the price moved to the levels he suggested and at the exact time. Obviously it was manipulation. Lawsuits flew. At one time I believe there were more than 4 separate suits about manipulation.

That is why there's so much outrage over a recent Financial Times article that says they are close to shutting down the CFTC investigation into silver manipulation because after 4 years they've not found enough evidence of it. So who's right? Are all the silver traders just nuts and there's really no manipulation? Or...is the CFTC just covering for JPM? Is this an example of the foxes guarding the hen house? Yes and no. They see the manipulation, but they are not allowed to prosecute the perpetrators. Why? Because the perp is the Government.
 By REAP

08/08/2012  9:54AM

Analysts at Goldman Sachs, whose views on commodities are regarded as highly influential, today reiterated their 12-month gold price target of $1,860 an ounce: 'As we expect gold prices will continue to be driven in large measure by the evolution of U.S. real interest rates and with our U.S. economic outlook pointing for continued low levels of U.S. real rates in 2012, we continue to recommend long trading positions.'

Also, broker Credit Suisse raised its 2012 gold price forecast to $1,850 an ounce, saying the metal, as a clear beneficiary of the uncertainty and dislocations in financial markets, has further upside with the crises set to continue.
 By bluejay

07/31/2012  3:00PM

Gold $1614.70 DOWN $7.20
Silver $27.98 DOWN $0.20

The current daily gold chart is linked below:

http://stockcharts.com/h-sc/ui?s=%24gold

Gold continues to be within a resting phase. During this period the reaction bottoms have been rising while the 1640 area appeats to be its present resistance level. This pattern has etched out a right ascending triangle. In all probabilities prices should break out through resistance and head higher.

In the meantime, expect continuing attempts by the paper miscreants to effect the market lower with more and more promises based on nothing more than the blind faith by ignorant people for them to deliver physical gold. Once this gig concerning paper versus physical gold is up, the prices that you have been following in past months will in the future be at the lower end of an historical chart that will be displaying its future prices at numbers that will amaze you.

In the futuue, your wealth will be commonly denominated in ounces of gold you physically control with the paper promises only being mentioned in history books as the financial devices that were created by bankers to suppress gold values for their own selfish ends.
 By bluejay

07/26/2012  12:41PM

Gold $1617.00 UP $12.20
Silver $27.55 UP $ 0.21

Jim Willie, again, spells out what's happening today with commercial gold storage and the big banks and it's not pretty.

http://news.goldseek.com/GoldenJackass/1343246400.php
 By bluejay

07/26/2012  10:54AM

The desire of gold is not for gold. It is for the means of freedom and benefit.
–Ralph Waldo Emerson
 By bluejay

07/20/2012  9:59PM

The following link to an interview on King World News may shock you concerning gold:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/20_London_Trader_-_The_LBMA_Gold_Price_Fixing_Scheme_Is_Over.html

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