November 24, 2017 
 Friday 
 
 

Forum
Topic:
Gold Enters Major Bull Market

       

Page 1 | Page 2 | Page 3 | Page 4 | Page 5 | Page 6 | Page 7 | Page 8 | Page 9 | Page 10 | Page 11 | Page 12 | Page 13 | Page 14 | Page 15 | Page 16 | Page 17 | Page 18 | Page 19 | Page 20 | Page 21 | Page 22 | Page 23 | Page 24 | Page 25 | Page 26 | Page 27 | Page 28 | Page 29 | Page 30 | Page 31 | Page 32 | Page 33 | Page 34 | Page 35 | Page 36 | Page 37 | Page 38 | Page 39 | Page 40 | Page 41 | Page 42 | Page 43 | Page 44 | Page 45 | Page 46 | Page 47 | Page 48 | Page 49 | Page 50 | Page 51 | Page 52 | Page 53 | Page 54 | Page 55 | Page 56 | Page 57 | Page 58 | Page 59 | Page 60 | Page 61 | Page 62 ]

 By bluejay

11/11/2007  9:33PM

Gold $816.80
Silver $15.10
Gold/Silver Ratio 54.09
Gold/XAU Ratio 4.35(Ahead of the shares opening in 9 1/2 hours)

How ironic!

Just finished speaking of the difference in the current price of gold and its
anticipated advance ahead to its inflation adjusted real price and the following was just picked up as a preview of tomorrow's Wall Street Journal's article, "Gold Record Is A Distant Prospect."

Monday November 12. 2007

by Melanie Burton

"Gold made headlines last week by flirting with its 1980 peak price, but the precious metal remains far short of its inflation-adjusted record--and probably won't see it soon."

Ok, this is the start of evidently a massive concerted effort by the anti-gold establishment to beat back the price of gold. They have never before used this type of justification to support the idea to the public that gold is so bad off it cant't even keep up with inflation like the stock market has over past years.

Expect all their forces, probably the bullion banks have started already selling tonight in the Asian markets with more coming tomorrow, to be directed fiercely against gold with a blast from their controlled media and their hired gun mouth pieces.

My wife just asked me the other day, "why haven't we heard anything on the major news networks about all the strength in gold that I have been listening to from you lately?"

Guess what? They were instructed not to mention it. That tells me one thing, someone is really worried that gold is up so much.

It should be an interesting week for gold, probably lower.

I remember quoting the Boston Globe a few years back or so saying, gold is poised to sell off and is a bad investment. Since their brilliant comment gold has more than doubled.

DON"T LISTEN TO THE MEDIA FOR INVESTMENT ADVICE!!!!!
 By bluejay

11/11/2007  8:12PM

Gold $823.40
Silver $15.18
Gold/Silver Ratio 54.24
Gold/XAU Ratio 4.41

Gold is taking a little break tonight selling off $8.70 to $823.40.

On the last advancing streak gold went into the general area of $838.00 or abouts. The current weakness is just the start of another buying opportunity.

Jim Sinclair buys gold during reactions each $10 lower and hasn't been wrong since 2002 when gold bottomed at the $250 area. What does that tell you?

The only timing mistake you can make following the plan is not buying gold on the extreme low of this breathing period of weakness.

Today, I listened to an interview at Agoracom.com with Jean-Francois Tardif of Sprott Management in Toronto. He says that $200 oil is coming and higher later to $300 and $400 are possibilities.

It is, simply, just a matter of increasing demand and shrinking supply. Casey Research has an informative article at kitco.com concerning this matter.

With expected continuing higher prices for energy, it's just another excuse for gold to continue to advance.

Combining higher oil prices with the simmering pot of toxic OTC derivatives and the case for making gold the currency of choice is well on its way.

It's just a matter of time before the public figures out how to save their bacon by owning gold. During an anticipated public buying rush expect gold to close its gap between the real adjusted price for inflation, over $2,000, and the current Fed and Treasury suppressed price.
 By bluejay

11/07/2007  5:53PM

emf

Congratulations, as Sinclair would say, you are spot on!
 By emf

11/07/2007  6:45AM

I'm with Bluejay, Jim Sinclair is a must read. If you are interested in purchasing gold or silver coins there are many sites to do so and and Kitco is one. I however, recommend www.golddealer.com. Check out the SELL and the BUY BACK offers. Kitco has a $50 difference while golddealer is $15.
 By bluejay

11/06/2007  6:54PM

Gold $835.40 last
Silver $15.74
Gold/Silver Index 52.87
Gold/XAU Ratio 4.31

Well folks, the gold bull market is roaring as I type.

The inflation talk has taken a back seat to more serious troubles, namely Pakistan and the continuing melt down of the very under-reported OTC derivatives market.

As I mentioned this advance has all the earmarks of the advance that took place in 1979.

Silver pushed out of a massive consolidation formation earlier today and is now trading at $15.83. This move is significant and opens the gates to the $20.00 to $24.00 area.

The gold stock Indexes continue to to push higher along with gold. The Gold/XAU Ratio is at about 4.30 and is not overextended. You don't have to be concerned until the Index starts moving towards the 3 area.

I again stress that you read Jim Sinclair daily. You need to hear what he is saying! The reason for this is that his http://www.jsmineset.com these days, is one of the few real sources of the truth.

Gold is moving in a perpendicular fashing now and is possibly exposed to any kind of a sell off from here on out which should be temporary when it arrives.

Again, beware of the western central bankers with all their possible propaganda that they could at anytime unleash onto the gold market.

If they create a phony sell off be prepared to stand your ground with your longs and get into position, if possble, to buy right into shakeout.

Do what Jim Sinclair does: Buy gold down every $10 on the chart.
 By Michael Miller

11/06/2007  4:58PM

I did not check the price of gold today and was about to leave the mine office for home. Oh, well, I’ll check to see if it held $800. David keeps a daily record and he entered $822.50. All the participants to this FORUM are probably less surprised than I. Gold’s strength is more than just a currency adjustment. For every transaction (buy/sell price adjustment) someone bets on an increasing price and the other side bets on a decrease. Some paper pushers are caught in a squeeze. Too bad for them and I’ll tell you why later.

Is all this drama taking place on paper or is someone actually buying gold to hold? Are the sellers selling a paper pledge or are they really selling their gold? As a gold producer, the Company is not trading promises on paper. When we sell gold, we take dollars, which we immediately spend. There is an active gold buying market in northern California.

Are all the big forward sales that financed the yet-to-be-mined gold in the ground covered? How are forward sales accounted on a company’s balance sheet? Are they liabilities? Or can a Company write them off as a loss and avoid disclosure? Forward sales just like shorting the market may be influencing this bullion market. How about covering an old forward sale with another at this price? A company could theoretically cover the loss (spread between the old sale and the new sale) and merely move the liability and day of reckoning ahead. If a company (or group of speculators) actually have access to physical gold, it may still hold a catbird position and flood the market with sales. Just how strong is the buying (upside) pressure?

A year ago I posted a thought about the new Dubai gold exchange. Its method of play was unknown; a new face entered the action. I still hold thoughts that gold is the world’s most private and safest storage of wealth. Personally, I’ll stay away from these players but it sure is fun to be involved in the game. Who knows, maybe it really is all about oil.

I recently signed up for a two-week trial for a gold based web site at the suggestion of a shareholder and active gold buyer. I am disappointed in the depth of the participants’ knowledge or behavior. They are still yapping about the things that moved gold and gold stocks twenty plus years ago. Each writer seems to think that the market will react the same today as it did then. It won’t. The fundamentals of mine production are very different as is the technical side of the market. The world’s finances have never been in the current environment.

This is a fun and ultimately very profitable time for Sixteen to One owners. Once I secure working capital, watch or participate and enjoy the ride. My questions are real questions and the answers with any source backup are appreciated. Thank you.
 By bluejay

11/02/2007  9:59PM

The world cash price is available at kitco.com.
 By cw3343

11/02/2007  4:10PM

Where do you get your spot prices? What is the best/easiest/fastest place on the Internet to find the price?

As of 11/2 after close:
I have $807.10 (NY Merc.)
and/or
$808.50 (Gold GC/1 Future Delayed)

I agree with your "whole numbers" observation...
 By bluejay

11/02/2007  9:34AM

Gold closed out the week at $806.00.
 By bluejay

11/02/2007  8:46AM

Gold has just surpassed the $800 mark. Last is $803.10.

Don't be surprised to hear from the western central bankers soon.

Usually whole numbers find it difficult, most of the time, to be passed on their first attempt.

Gold's ultimate destination appears to be over $1,650 in the months ahead.
 By bluejay

10/31/2007  1:02PM

Gold's last sale is $796.30 as we approach $800.
 By bluejay

10/29/2007  11:49PM

Gold $783.30
Silver $14.32
Gold/Silver Ratio 54.70
Gold/XAU Ratio 4.22

Gold is down $10 from last night's high and is unusually weak in Asian markets tonight.

This looks like a slam dunk for the gold bashers on the COMEX in New York tomorrow.

When these episodes appear smart money is buying into weakness. Jim Sinclair buys physical gold every 10 points down during gold selloffs.

Hopefully, we'll have a quick turnaround after the bashers have their day in the sun.
 By cw3343

10/29/2007  3:41PM

This is interesting. This came out a couple years ago. One can buy bullion through an exchange traded fund (ETF) on the NYSE, and don't have to take delivery or pay storage fees. The shares supposedly track the price of the metal, more or less, and are backed by actual bars:

http://www.streettracksgoldshares.com/us/index.php?noMsg=true

They do have internal management fees, so they will have to liquidate gold from time to time to cover this.

(This item is FYI ONLY. Please know that I am in no way affiliated with these guys, and do not advise or recommend anyone buying this unless they have researched it thoroughly and know what they are getting in to)

The picture of the vault is pretty impressive.
 By bluejay

10/28/2007  7:41PM

Gold $791.70
Silver $14.29
Gold/Silver Ratio 55.33
Gold/XAU Ratio 4.33

Gold is strong tonight and it may not all be in the U.S. dollar's weakness.

On Jim Sinclair's website at http://www.jsmineset.com he has been saying for a few weeks now that, "This Is It!"

What he's referring to is a meltdown in OTC derivatives. Everyone needs to bring themselves up to date by reading this site for an unparalleled education of the danger we're currently exposed to.

It appears that Merrill Lynch could have some very serious continuing exposure to OTC derivative failures. Merrill could be the catalyst that wakes people up!

One only has to recall what the Oracle of Omaha said in the spring of 2003 to understand what has been happening since the sub-prime problems started, "Derivatives are time bombs and financial weapons of mass destruction."

This push higher on the metal looks a lot like 1979. We could see an extreme push higher on this current move.

The folks that have been selling gold mining shares short during past months on Friday gave away their fears as they knocked down most big gold shares in after hours trading. If these people are that worried we could see one heck of a squeeze on the shares in the period ahead.

In early 1980 gold hit a high of about $875.

I suspect somewhere along in time the western central bankers will have their say with a concerted effort to depress gold with some tough talk about more gold sales.

Good luck everyone.
 By bluejay

10/28/2007  5:47PM

Gold is selling at $788.50, up $5.00 in Sydney and Hong Kong.
 By bluejay

10/26/2007  10:47AM

$783.50 last on gold in NY.
 By bluejay

10/25/2007  8:57PM

Gold trading at $775.00 in Asian markets.
 By bluejay

10/18/2007  4:30PM

Gold $768.00
Silver $13.78
Gold/Silver Ratio 55.73
Gold/XAU Ratio 4.32

There's a great self explanatory picture tonight at jsmineset.com's website of what is in store for the gold shorts.
 By Michael Miller

10/17/2007  9:55AM

Answer to Greenhorn's Question - (see the question below)

Performa Statement: ORIGINAL SIXTEEN TO ONE MINE, INC.

Factual production:
Historical production from Plumbago veins is four (4) ounces of gold per foot.
Historical production from Sixteen to One veins is eleven (11) ounces of gold per foot.
Historical production (Recent) from Sixteen to One mine between 1992 and 1997:
Total production is 32,924 ounces of gold, which average 5,487 ounces per year.

Assumptions:
Spot price of bullion gold: $650.00 per ounce.
Footage mined: Four hundred (400) feet per month.
Development mining = Two hundred (200) feet per month.
Production mining = Two hundred (200) feet per month.
Ounces of gold from development are zero (0).
Ounces of gold from production are eleven (11) per foot.

Conclusions:

Production and revenue based on actual mining between 1992 and 1997:
Annual production: 5,487 @ $650 per ounce = $3,566,550.00
Production and revenue based on actual early historic figures:
Total production: 26,400@ $650 per ounce= $17,160,000

Performa statement for Special target #1

Production and revenue based on similar actual work and results between 1992 and 1997.
The production phase is eighteen (18) weeks long or thirty-five percent (35%) of a year.
Total production: 1,920 @ $650 per ounce = $1,248,000


Performa statement for Special target #2

Production and revenue based on similar actual work and results between 1992 and 1997.
The production phase is twenty (20) weeks long or thirty-eight percent (38%) of a year.
Total production: 2,085 @ $650 per ounce = $1,355,250

Total first year production and revenue for Special Targets:

Recent Assumptions:
Total Production 9,492 @ $650 per ounce = $6,169,800
Historical and Actual recent Assumptions:
Total production 30,405 @ $650 per ounce - $19,763,250

Notes: The company sells gemstone quartz/gold that exceeds the spot price.
The use of proceeds includes a long term mining plan without projections of gold production and is classified as “development”; however a study of the history of the Sixteen to One suggests that it is highly unlikely to develop the vein to the extent planned without encountering an ore shoot.
 By greenhorn

10/16/2007  5:20PM

Here's a question. If you look backwards at what the last $5 million in effort bought in terms of gold production, what do you see? Obviously this has to be approximate, etc., but might give some idea of what $5 million more could deliver.

Just a thought.

Page 1 | Page 2 | Page 3 | Page 4 | Page 5 | Page 6 | Page 7 | Page 8 | Page 9 | Page 10 | Page 11 | Page 12 | Page 13 | Page 14 | Page 15 | Page 16 | Page 17 | Page 18 | Page 19 | Page 20 | Page 21 | Page 22 | Page 23 | Page 24 | Page 25 | Page 26 | Page 27 | Page 28 | Page 29 | Page 30 | Page 31 | Page 32 | Page 33 | Page 34 | Page 35 | Page 36 | Page 37 | Page 38 | Page 39 | Page 40 | Page 41 | Page 42 | Page 43 | Page 44 | Page 45 | Page 46 | Page 47 | Page 48 | Page 49 | Page 50 | Page 51 | Page 52 | Page 53 | Page 54 | Page 55 | Page 56 | Page 57 | Page 58 | Page 59 | Page 60 | Page 61 | Page 62 ]

 

  
 
© 2017 Original Sixteen to One Mine, Inc.
PO Box 909
Alleghany, California 95910
 

Phone:   
Fax:
E-mail:
 
(530) 287-3223      
(530) 287-3455
corp@origsix.com
 

      Gold Sales:  


(530) 287-3540

goldsales@origsix.com
 



Design & development by
L. Kenez