October 21, 2019 
 Monday 
 
 

Forum
Topic:
Gold Enters Major Bull Market

       

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 By Rick

09/25/2007  9:34PM

Bluejay, specifics on the referred web-sites you cite are major help, as well as your insight.

You've added another missing link to my old-time notion that "weak dollar = stronger gold"....of course it's not that simple, as current trends point out when analyzed with a bit of scutiny. Perhaps such was the case at one point, but with a broader perspective a more complex picture emerges.

Bluejay, the references are extremely valuable, as is your tenacity to refer. Thanks
 By bluejay

09/25/2007  6:10PM

Gold $730.70
Silver $13.43
Gold/Silver Ratio 54.41
Gold/XAU Ratio 4.35

Rick

Didn't mean to confuse anyone.

The bottom line is the Fed has to create continuing large sums of currency to prevent financial institutions in this country from going bankrupt and thus upsetting commerce.

The reason for this is that financial instruments called OTC derivatives are melting down with the lack of performance by the seller causing a strain on the system. You can follow all this along with getting a high caliber top notch education by reading jsmineset.com daily.

Since being educated some more at jsmineset I have been taught that it is important to assess a mining company's financials before you recommend it or buy it yourself. In particular, do they have any non-recourse loans on any of their projects or properties. If the borrower for the project doesn't meet obligations of the loan requirements the lender can take the project or property from the company and only the specified project or property and nothing else.

Each gold stock will be a case by case study. This is the reason I don't mention so many individual mining stocks or gold stocks as a group much anymore. Many people who buy gold stocks don't care about non-recouse loans or, probably, don't even know that they exist. Many gold companies with project loans don't even know if they have them or not, believe it or not.

If a company is borrowing from a bank or another financial institution the lender will require you to sell part of the future production. In this case, gold.

The risk is as gold goes higher the project borrower is getting closer to turning over the project or property to the lender. The safest way to secure needed funds is to exchange them for treasury stock or give the lender a royalty on the project.

Royal Gold as a lender did this kind of deal on a particular transaction with High River Gold on one of their projects in west Africa. I believe, when the loan is paid off in specific ounces of gold, Royal Gold will still maintain a small royalty for the mine's life. As a royalty company, Royal Gold benefits the most when gold rises. To my knowledge, Royal Gold does not have any non-recourse paper.

Global trends are such that world holders of the U.S. dollar are reducing their positions plus companys and foreign governments are preferring to take payment in Euros.

Some people feel that gold is not in a bull market. They say that gold in the benefactor of the U.S. dollar's bear market.

Gold's trend will definitely be bullish, aside from the dollar's weakness, with more OTC derivative failures.

The newspapers don't even call them derivatives so much anymore, they call them structured financial products.
 By Rick

09/22/2007  8:37PM

Bluejay, a bit confusing, but perhaps because it all is so inter-twined.

Can you help me distinguish the last year's entries touting investing into the coming gold advance with you last warning?

I have no clue. Alhough, I am going to the web-site you suggest for clarification.

Personally, I find it better to try to locate gold myself. That's why I'm tiny-small potatoes.

to wit: all gold value, no matter where found or held, is currently exploding in terms of dollars, yet the dollar is becoming a weak beak.

I guess I need a local-type-home-grown-perspective : how to put into perspective global trends while we here at home maintain a position of optimism.
 By bluejay

09/20/2007  8:43PM

Gold $735.40
Silver $13.47
Gold/Silver Ratio 54.60
Gold/XAU Ratio 4.27

The news is all bad.

The Fed is burning our money and will continue to burn it to protect the big money interests in this country with no end in sight. The Fed is bad news for the common man.

There will be no financial future for the common man as long as the Fed exists. You can take that to the bank if in the future some are still open.

The next big move on stocks will be in the companies that install safes in people's homes. All valuables and stock certificates should now be in personal safes and not in safety deposit boxes of financial institutions.

The financial instruments called derivatives are going to bring financial choas upon us. It is all starting to happen now which is not really being reported in the general media.

The excessive printing of money by the Fed to bail out Wall Street interests will make gold skyrocket in the many many months ahead and cause unbelievable inflation.

Gold may be vulnerable to fast sell offs engineered by our representatives but these declines will only be temporary as they have been before.

Seize weakness in the gold market as a golden opportunity to exchange your fiat money for more gold coins and some silver ones, too.

We are at the very beginning of historical times that will financially destroy the lives of many. Holding gold is a way to protect your family and its wealth.

You can be updated to events as they unfold on a daily basis at http://www.jsmineset.com.
 By martin newkom

08/29/2007  8:37AM

Yes, we must remember our lower
division economics subject which we can look back on now
with things "boiling". The
most vital elements could be
monetary policy used by the
Federal Reserve and Fiscal
policy which can be exercised
by the Federal Gov't. We feel
the effects more from the latter than from the former
the Gov't raises and lowers
taxes which hits our wallets
most directly. The former method requires some explaining
which is too involved for this discussion.
 By Michael Miller

08/28/2007  5:27PM

I truly appreciate the recent discussion about banks, dollars and related areas. My father had an attorney friend, Bob Thurn of Auburn, who thought the Fed Reserve acted in a surreptitious manner. This was in the 1950ís. I enjoyed listening to their conversations as a boy of 12 to 15 years old. Bob was definitely in the minority. Even then most people did not care about such a cerebral topic. The mystery remains today.

A lot of the old fashioned gold bugs of the 1970ís wrote about dollars, money, gold, Fort Knox, central banks and the Fed Reserve. There is quite a bit of history available on the subject, but who really knows. Has Fort Knox or the Fed banks undergone financial audits? If so, is the information public? Do many care today to understand US and international currency evaluations?

I cannot offer much without some research. My library has numerous books on gold currency and banking. My great grandfather and great-great grandfather, Henry and Frank Miller, were bankers with the D.O. Mills bank in Sacramento in the 1800ís. They both signed the bankís notes or money. Banking was much simpler then than now.

As far as conspiratorial theories, they may not apply to the banks. As far as manipulation or concealed consensus in the banking field, the word oligopoly pops into my mind. We studied it in Economics 1A, and the definition may apply to the banks: a form of monopoly in which the effective control of a market is exercised by a limited number of competitive sellers. I do know that it takes more dollars (Federal Reserve notes) to buy an ounce of gold today than it did fifty years ago.
 By bluejay

08/27/2007  7:48PM

Gold $666.40
Silver $11.76
Gold/Silver Ratio 56.67
Gold/XAU Ratio 4.88

Dick,

Thanks for the tips.

The banks just probably changed their names with the backers remaining the same. This happens all the time in the furniture busines following the big close out sales. I'm sure they just didn't sell their shares and get into something else.

Banking is a great business to make money in. When you make mistakes in lending or in becoming a party to a drivatives contract the central bank(Fed) will always bail you out at the expense to the public practically every time.

"The Fed makes people poor" -Ferdinand Lips
 By Dick Davis

08/22/2007  11:30AM

Dear Bluejay,

I do appreciate your checking this out.

Yes, this is the heart of conspiratorial thinking.
But how can the list of banks be close if they don't exist? I would check the original source and date.

Try to look them up one-by-one on Google.

It does sound similar to Henry Ford's regrettable Protocols of Zion, a fiction that Mr. Ford belatedly apologized for.

I believe you'll find that the U.S. Post Office also has no "owner." But someone with better legal/government knowledge might set me straight.

Best regards and I hope to hear about striking gold at the 16:1.

Dick Davis
 By bluejay

08/22/2007  10:09AM

Dick

On Augtust 17, 2007 Tyler wrote Jim Sinclair the following at http://www.jsmineset.com which Mr. Sinclair responded to:

Dear Jim,

I did not know this....

Furthermore, the privately owned Federal Reserve Bank(the Fed) is not a government agency and is owned by a group of primarily foreign bankers. These controlling shareholders are: Rothschild Banks of London and Berlin; Lazard Brothers Bank of Paris; Israel Moses Sieff Bank of Italy; Warburg Bank of Hamburg and Amsterdam; Lehman Brothers; Kuhn Loeb Bank of New York; J.P. Morgan Bank and Goldman Sachs.

Mr. Sinclair's response:

Dear Tyler,

This is the foundation for all the conspiratorial views. No one really knows who owns the majority of the Fed, but the list is close. One thing you can say referring to axiomatic truth that "you can take to the bank" is that when the big boys are starting to roll over, the Fed will burn the dollar to ashes if required in order to prevent its major owners, whoever they are, from folding.

This one is akin to the ads recently run by GEICO concerning the educated, up style modern caveman. The caveman is being interviewed and is asked what he thinks about the group dynamic and the individual ego. He replies, Huh? Then the interviewer says, "Sounds like somebody got up on the wrong side of the rock today."

My reaction to this sentence is "Huh?"

The Federal Reserve System is not "owned" by anyone and is not a private, profit making institution. Instead, it is an independent entity within the government, having both public and private aspects.

1. It is owned by many entities and therefore "not anyone."

2. If it is not a profit making institution could it be a private, loss making institution or a private break even institution? There are many ways to make money from the Federal Reserve outside of the Federal Reserve.

3. It is an independent entity within the government. That is another "Huh?"

4. "Has both public and private aspects." That sounds like ownership to me.

Jim

In the movie "Conspiracy Theory" I found it thought provoking. Since monetary history has never been taught in any learning institutions that I am aware of, my original quoted source was intended to be thought provoking concerning our money.

Thoughts concerning the Fed can range from believing what they tell you on their website to a hard right turn towards curiousity and education.

Personally, I find that when any organization is not transparent to the public there must be a reason for it. The lack of transparency provides fertile ground for illicit power and greed to flourish.
 By Dick Davis

08/21/2007  7:17PM

Dear Bluejay,

Your information sadly appears to be pre-WWII propaganda. The list of banks hardly own the Federal Reserve, and most don't exit.

I would suggest: Google: Federal Reserve and you'll find all the current information.

If you wish you can go directly to:

www.federalreserve.gov/generalinfo/faq/faqfrs.htm#5


Who owns the Federal Reserve?

The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects.

Best regards,

Dick Davis
 By bluejay

08/21/2007  11:03AM

Gold $657.00
Silver $11.62
Gold/Silver Ratio 56.54
Gold/XAU Ratio 4.94

In the past few weeks OTC derivatives based on the subprime mortgage sector and other interlocking financials have sent a chill to the vibrant stock market. The market dropped over a 1000 points before the Fed injected billions and billions of dollars to stabilize confidence. It was an all out effort bringing into play all members of the Exchange Stabilization Fund.

It just seems that there will never be anymore financial problems that can't be solved just as long as the Fed is the lender of last resort.

Who is the Fed? The Fed is a private company and not a government body. Presented below is a list of the owners of the 12 Federal Reserve Banks making up the Fed in this country:

Rothschild Bank of London

Rothschild Bank of Berlin

Lazard Brothers of Paris

Israel Moses Seif Banks of Italy.

Warburg Bank of Amsterdam

Warburg Bank of Hamburg

Lehman Brothers of New York

Kuhn Loeb Bank of New York

Goldman Sachs of New York

Chase Manhattan Bank of New York

The following comments were made by William Cooper and were presented on the internet at http://www.proutnewsnetwork.orgsometime in 2003.

1- Although the Fed is required to give back most of its profits back to the Treasury Dept., there is no organization that has the power to audit the Fed(not even the Congress or the IRS).

2- Every year, a few Congressman introduce legislation to audit the Fed, and every year, the legislation is defeated. The owners of the Fed are the most powerful, invisible lobbying power there is.

HISTORY OF THE FED

After several attempts to push the Federal Reserve Banking Act through Congress, a group of bankers funded and staffed Woodrow Wilson's campaign for president. In 1913, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas, when most Congressmen were on vacation. Naturally, President Wilson passed the Act when he was elected as a pay back to the bankers.

HOW THE OWNERS OF THE FED PROFIT AT OUR EXPENSE

The U.S. government runs a $400 billion dificit annually. To cover this, the U.S. government issues bonds which are bought by the Fed.

Since the Fed has the power to print money, it can buy any amount of the U.S. bonds at almost no cost, save for the expense of printing money. It costs the Fed 3 cents to print a $100 bill (Remember there is nothing pledged behind this money as there was once when the U.S. had a gold standard).

At this point, the owners of the Fed already profit $99.97 for every 3 cents they invested to print the money. Basically, they exchange something that cost almost nothing to them with the U.S. government bonds.

Since the Fed can not be audited by the IRS(or even Congress), most of this profit can go anywhere the Fed owners want to. BTW, did I mention that the profit is tax free.

Under the law, the Fed is required to return its profit back to the U.S. Treasury. However, neither the Congress nor the IRS has the power to audit the Fed. The Fed has used this obvious loophole to profit via 'creative accounting.'

3- The owners of the Fed own the controlling interests in all major media in the U.S. Rockefeller, through Chase Manhattan bank, controls CBS and ABC and 28 other broadcasting firms. Each of the others owners of the Fed also has controlling interest in the U.S. media. This explains why the media have been silent about the Fed scam. The Fed fraud is the biggest and longest cover-up in the U.S. today.

4- According to Article 1, Section 8 of the Constitution, the U.S. Congress has the power to print money(The Congress shall have the power......to coin money, regulate the value thereof, and of foreign coin...). According to the Supreme Court, the Congress can not transfer its power to another organization like the Fed.

On August 8, 2005 Mr J.P. Schumacher at the Gold Rush Summit in Dawson City read a prepared speech by his partner, Mr. Ferdinand Lips who was unable to attend. In parts of that presented speech Mr. Lips stated:

There will be no more Federal Reserve. The central bank is the fourth in the country's history. The former three ended in financial disaster. The organization has tragically failed. It has run the 1913 dollar to below 5 cents. I suspect that a revolution will take place against the Fed. It has made people poor.
--------------

As human beings, there is an overwhelming desire to steal if they are not faced with audits in financial dealings.

Why hasn't there been an audit of the U.S.'s gold reserves???

"Secrets destroy organizations"
 By bluejay

08/21/2007  10:40AM

Gold $657.00
Silver $11.62
Gold/Silver Ratio 56.54
Gold/XAU Ratio 4.94

In the past few weeks OTC derivatives based on the subprime mortgage sector and other interlocking financials have sent a chill to the vibrant stock market. The market dropped over a 1000 points before the Fed injected billions and billions of dollars to stabilize confidence. It was an all out effort bringing into play all members of the Exchange Stabilization Fund.

It just seems that there will never be anymore financial problems that can't be solved as long as the Fed is the lender of last resort.

Who is the Fed? The Fed is a private company and not a government body. Presented below is a list of the owners of the 12 Federal Reserve Banks making up the Fed in this country:

Rothschild Bank of London

Rothschild Bank of Berlin

Lazard Brothers of Paris

Israel Moses Seif Banks of Italy.

Warburg Bank of Amsterdam

Warburg Bank of Hamburg

Lehman Brothers of New York

Kuhn Loeb Bank of New York

Goldman Sachs of New York

Chase Manhattan Bank of New York

The following comments were made by William Cooper and were presented on the internet at http://www.proutnewsnetwork.orgsometime in 2003.

1- Although the Fed is required to give back most of its profits back to the Treasury Dept., there is no organization that has the power to audit the Fed(not even the Congress or the IRS).

2- Every year, a few Congressman introduce legislation to audit the Fed, and every year, the legislation is defeated. The owners of the Fed are the most powerful, invisible lobbying power there is.

HISTORY OF THE FED

After several attempts to push the Federal Reserve Banking Act through Congress, a group of bankers funded and staffed Woodrow Wilson's campaign for president. Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federak Reserve Act through Congress just before Christmas, when most Congressmen were on vacation. Naturally, President Wilson passed the Act when he was elected as a pay back to the bankers.

HOW THE OWNERS OF THE FED PROFIT AT OUR EXPENSE

The U.S. government runs a $400 billion dificit annually. To cover this, the U.S. government issues bonds which are bought by the Fed.

Since the Fed has the power to print money, it can buy any amount of the U.S. bonds at almost no cost, save for the expenseof printing money. It costs the Fed 3 cents to print a $100 bill (Remember there is nothing pledged behind this money as there was when the U.S. had a gold standard).

At this point, the owners of the Fed already profit $99.97 for every 3 cents they invested to print the money. Basically, they exchange something that cost almost nothing to them with the U.S. government bonds.

Since the Fed can not be audited by the IRS(or even Congress), most of this profit can go anywhere the Fed owners want to. BTW, did I mention that the profit is tax free.

Under the law, the fed is required to return its profit back to the U.S. treasury. However, neither the nCongress nor the IRS has the power to audit the Fed. The fed has used this obvious loophole to profit via 'creative accounting.'

3- The owners of the Fed own the controlling interests in all major media in the U.S. Rockefeller, through Chase Manhattan bank, controls CBS and ABC and 28 other broadcasting firms. Each of the others owners of the Fed also has controlling interest in the U.S. media. This explains why the media have been silent about the fed scam. The Fed fraud is the biggest and longest cover-up in the U.S. today.

4- According to Article 1, Section 8 of the Constitution, the U.S. Congress has the power to print money(The Congress shall have the power......to coin money, regulate the value thereof, and of foreign coin...). According to the Supreme Court, the Congress can not transfer its power to another organization like the Fed.
 By bluejay

08/08/2007  10:12AM

Gold $674.10
Silver $13.06
Gold/Silver Ratio
Gold/XAU Ratio

There is a crack appearing in the illegal shorting scheme of the gold stocks. This may be a sign of changing times.

For many months expert gold stock watchers have been complaining of all the phantom selling of gold shares without delivery being made.

US gold stocks have been effected but the most damage by the anti gold miscreants have been done on the Canadian gold related stocks.

In the past week a massive amount of buying pressure has been exerted on the most undervalued stock in the US. The company is Royal Gold and the shorts are in big time pain as the stock hit 32 this morning, up from about 24 in a matter of days.

If a total squeeze is in the makes for all the illegal shorting in the group combined with a continuing higher gold price all gold stocks will rocket higher and be the talk of the town.
 By bluejay

08/03/2007  3:05PM

Gold $672.70
Silver $13.09
Gold/Silver Ratio 51.39
Gold/XAU Ratio 4.62

Rick

The term 'short sale" is a type of order that is entered in the market place as opposed to a regular sell order or a buy order.

The short sale is a bet that the security or anthing else that is shorted will fall in price. To sell short means you sell something that is not yours. To facilitate the trade you have to make delivery so arragements have to be made with the broker to borrow the security or whatever is be replaced at a later date of your choosing.

For example: You think gold might have a bull market sell off. Gold is currently at $672. You sell short a 100 ounce contract at $672. The following week gold trades lower to $666 when you buy the 100 ounce contract back at that price.

The difference is $6 on 100 ounces which the contract represents which equals $600 profit to you minus commissions.

This is what you have done: By selling short(you borrowed a contract representing a 100 ounces of gold on the COMEX in NY)your account was credited $67,200. When you purchased the contract back at a lower price to replace the original borrowed contact your account was debited $66,600.

When your accountant does your taxes for the year he will see a buy at $666 and a sell at $672.

In today's market this procedure of delivering borrowed stock or a gold contract, in this case, does not apply to everyone. Hedge funds get away with murder because no one saw fit to regulate them. In addition, OTC derivatives aren't regulated either. It sounds like a license to steal, doesn't it? It is!

Currently there is a law suit going to discovery with the plaintiff Overstock. com against some prime brokers. The crux of the matter is that certain prime brokers allowed naked short selling. Naked short selling is when someone sells something that they don't own and do not make arrangements for delivery to the buyer.

Overstock.com has issued just over 19 million shares to the public and company employees but past buyers seem to own from 35 to 40 million shares of the Company that were purchased in the OTC market.

If our founding fathers were still alive people would be in jail for this criminal act. If you sell something on eBay and don't deliver it to the buyer while taking their money, what do you think happens to you? I'll tell you what happens, you are no longer permitted to use eBay and the police will be soon knocking at your door. This is called fraud.

Anyone willing to understand what's been going on in the OTC trading in the Royal Gold stock over past months would only conclude massive amounts of naked short selling being permitted by prime brokers.

Royal Gold has one of the best business plans in the industry with the least amount of risk. Why has it been selected to have its price suppressed? One of its outspoken advocates and an advocate for gold ownership is being indirectly censured by the anti gold camp, plain and simple

Jim Sinclair calls this naked short selling criminal. It's all being condoned by the new evolving Authoritarian Free Enterprise system which is all about power and profits with little to do with people like you and me.

Rick, the best time to sell short is on a fast rally in a bear market. Selling short to depress prices in a bull market, in time, will be catastrophic.
 By Rick

08/02/2007  9:45PM

Simply put, "SHORT."

I'll leave it to Bluejay to explain.

All along, comsider the opposite in OAu...seeing the gold in hand is better than paper. Besides, it's much heavier and feels solid.
 By bluejay

08/02/2007  9:12AM

Gold $662.70
Silver $12.93
Gold/Silver Ratio 51.25
Gold/XAU Ratio 4.54

The 666 level on the gold chart continues to be the battle ground between forces of the righteous and devilish anti-gold villains on the COMEX.

The bullion banks unleashed their army of sellers just minutes ago and took gold down quickly from 666.50 to 662. Anyone with a brain doesn't sell a market down this fast as waiting could easily produce a much better price.

The miscreants at the COMEX in New York aren't interested in selling for profit as they are short sellers looking to create a panic sell off.

The COMEX market in gold is really just a paper market backed with some gold in a depository somewhere. Who audits them? Is the gold really there? Remember, the Commission that governs all Commodity and option trading in this country is a member of the Exchange Stabilization Fund. Remember what these guys are suspected of?

One wonders if the COMEX has gold in its depository as Dan Norcini reports today on jsmineset.com that there has been a 50,000 gold contact drop at the COMEX over the past 5 trading days and that gold holdings at streetTRACKS GOLD SHARES ETF (GLD-NYSE) are at a record high 506.69 tons.

One plausibale reason for so many contracts being closed out and possibly being put into a Gold ETF is that people might suspect that COMEX doesn't hold the gold they say they do.

In the end it all comes down to where the physical gold is as opposed to the miscreants pounding gold down regularly on the suspected COMEX paper market.

If the COMEX traded physical gold like they do in London the story on gold's last sale would be significantly higher without question.

Some years back Michael Miller mentioned to me that one of his friends wanted to take physical delivery of a maturing gold contract that he held at the COMEX and they were quite reluctant to deliver it to him. What does this sound like to you?
 By bluejay

07/30/2007  11:21AM

Gold $664.20
Silver $12.82
Gold/Silver Ratio 51.81
Gold/XAU Ratio 4.46

Rick

It looks to me that gold has put in some solid footing in today's US trading at the 660 level.

The gold stocks are moving ahead swiftly and look great. Last week's weakness, most probably, was just a weekly anomaly in the serious march to much higher prices for the group.

It is clear someone or some entity or group of entities does not want gold to advance and seek its free market price. "Gold will have its revenge."

The gold battles will continue each time the metal looks like it's about to rocket under the $1000 level.

Use their selling tactics to improve your buying tactics.

Good Luck.
 By bluejay

07/29/2007  5:37PM

Gold $660.50
Silver $12.67
Gols/Silver Index 52.13
Gold/XAU Index

If anyone is experiencing apprehension with gold continuing weak it is suggested that you read the following articles for an excellent education and some added comfort.

"The Evolution Of The Gold Market" posted at http://www.jsmineset.com and

"Gold and USDX" posted at http://www.kitco.com
 By bluejay

07/28/2007  10:22AM

Rick

The serious long term buyers of gold with significant increasing profits over the past years couldn't even give you a good answer to your perceived question.

I take a shot at predicting bottoms once in awhile when significant long term technicals are in place to increase the probability in my favor but for daily trading, I think Dan Norcini makes a masterful case of price analysis on a regular basis.

Dan is an acquaintance of mine and regularly makes contributions at the jsmineset. com website concerning support and resistance on a daily basis in the gold market.

The truth of the matter concerning cherry picking bottoms in gold or in any other market is that only a very tiny percentage of the daily and long term players actually do accomplish this.

I will give you some good advice: Scale down buying during sell offs in a bull market is the way to go. The lower the short term decline carries, the better the probabilities will favor you for an average price.

Never fear sell offs in a bull market. When it happens, go for a walk or go see a good movie. The manipulators can't get to your brain in those places.

The miscreants really greased the bull slope last week with an excessive amount of short sales. Go to jsmineset.com and read Norcini's Friday entry. I hope you enjoy the article.
 By Rick

07/27/2007  9:22PM

Bluejay,

As you know, I'm not an eccomomist, but I watch everything and learn, many perspectives from you.

It struck me that you cite gold's weakness trading where it is tonight, no doubt a relativity to all else, as you've so well pointed out.

Considering the Dow's current quasi-correction today (5% vs it's "support" at 13200), where does a weak gold market find it's bearing?

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