October 16, 2018 
 Tuesday 
 
 

Forum
Topic:
Gold Enters Major Bull Market

       

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 By bluejay

12/10/2011  3:06PM

REAP, good work.

Friday's close.
Gold $1711.30 UP $5.50
Silver $32.23 UP $ 0.57

From today's International Forecaster:

"Something very unusual happened today(12-08-11). We have been saying the same thing since 1988, but we are called conspiracy theorists. Deutsche Bourse owned Market News reported that the BIS, Bank for International Settlements, the Bank of England and the Federal Reserve were selling gold in unison in order to manipulate the price of gold lower. There you have it subscribers – the gold and silver markets are being manipulated."

The above is in stark contrast to the fairy tale reporting that the media constantly serves up to us.

In early Thursday world trading gold was selling at about $10 higher at $1757 when the Comex opened for business. Shortly afterwards, the rug was pulled out from under the metal and within an hour it was taken down to $1718. On the day gold lost about $36, closing at $1705.80.

The inside reporting by the Deutsche Bourse is just part of the story that routinely takes place in markets these days. Bloomberg recently did a story depicting all the phone calls that acting Treasury Secretary, Hank Paulson, made to his banking buddies disclosing, most likely, inside information of the governments intentions before the fact.

And then there's the free pass for our representatives to trade on inside information for profit, no crime here. It was reported that Dianne Feinstein made one stock trade this year using inside information that resulted in a million dollar profit for her.

Makes you wonder, why we don't get our piece of the pie? The obvious answer is, we're the patsy and the gouging is intensifying.
 By REAP

12/09/2011  12:39PM

Howdy BlueJay! The Bull Market is everywhere! I saw this report and it gave me the answer to my trading question from a while back.


“With these gold rings I thee wed… bullion hits record high in rupee
MINING.com Editor | December 8, 2011
Gold today (Dec 8) rallied to an all-time high of Rs 29,540 per 10 grams in the bullion market here by adding Rs 240 on the back of marriage season demand amid a firming global trend. In the world’s second-most populous country, the Indian wedding season runs from October to November. At its height, there can be up to 15,000 weddings each night in the City of Dehli alone.”


My Trading question was: Is the gold commodity vs foreign exchange market Efficient?

Today, Dec 9 Gold in Dehli is 29,560.00 Rupees for 10 grams. Gold is also at $1,716.45 per ounce which means that 10 grams gold = $605.46. At today’s rates $605.46 = 31,432.46 Rupees. So, if I take $605.46 and convert into Rupees I will get 31,432 RS. I can then use these Rupees to buy 10 ounces of gold and have 1872 RS left over. Finally, I convert RS back to $ and find that 1872 RS = $36.06 - a 6% arbitrage profit!

Now of course there are transaction fees to pay on all this dealing so it isn’t likely to make much net profit. But on a typical day when the gold price spikes somewhere in the world the currency markets do not respond instantly. This seems to answer my question. There is a time delay INEFFICIENCY in the commodities and foreign exchange markets. How ‘bout dem apples? (I am in TN)
 By bluejay

12/08/2011  6:53PM

Gold $1713.50 OFF $29.20
Silver $31.77 OFF $ 0.76

Gold continues to be in a defensive posture within its daily trading transitional phase following highs above $1900 twice in mid-August and again in early September. The current parameters during this period are contained by rising bottoms and declining tops. Today's support from rising bottoms comes in at $1675 with resistance expected at $1765. Both these numbers are converging while squeezing and and compressing the formation which creates energy build-up for gold's next escaping move which is expected, one way or the other within a period of weeks.

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

Gold one ounce coin sales at the U.S. Mint have taken a dive last month compared to the previous month. Does the public have enough for the moment? Does everyone believe that the Fed's dollar injection to the ECB solves their problem? This may invigorate and return confidence back to the Euro but for how long with most Euroland banks lacking solid unimpeachable short term reserves?

In the following editorial by Jon Nadler(the perennial gold bear)from kitco.com he starts talking against gold as usual. Many gold-bugs view this writer as a hired gun of the cartel.

http://www.kitco.com/ind/Nadler/dec082011.html
 By bluejay

12/05/2011  12:02PM

Gold $1721.50 OFF $23.80
Silver $32.12 OFF $ 0.52
(Silver sells below 50 day average at $32.50)

Gold being lower is no surprise, just cosmetic tinkering with price probably with the selling of Gaddafi's stolen gold. The urgently needed $1 trillion realistic Fed bailout for Europe has to look like "mission completed," so gold gets beaten down. In fact, $100 trillion is needed to clean up EU's real financial mess. Where's that wealth coming from? Portugal has already mirrored that answer for all to see with the taking from their citizen's pension fund accounts.

From http://www.jsmineset.com:

"Alf Fields is right when he says “Once this correction has been completed, Intermediate Wave III of Major Three will be underway. This should be the largest and strongest wave in the entire gold bull market. The target for this wave should be around $4,500 with only two 13% corrections on the way.”

Concerning future declines in this market, when gold trades at $3000, a 13% retreat would be about $400. So, prepare your nervous systems.
 By bluejay

12/02/2011  12:26AM

Asian prices
Gold $1744.90 Down $0.40 from NY close
Silver $33.07 UP $0.34 from NY close

Silver has pushed above its 50 day average at $32.56. Gold is having trouble higher up at $1750.

Coordinated efforts by world central banks dump large amounts of money into the system to save the world economy.

http://www.martinarmstrong.org/files/Intervention%2011-30-2011.pdf
 By bluejay

11/29/2011  2:55PM

Gold $1715.40 UP $5.50
Silver $31.92 OFF $0.14

The educational interview with Dr. Edwin Vieira concerning Confiscation and the Constitution linked below is quite interesting.

http://goldsilver.com/video/goldsilver-radio-dr-edwin-vieira-confiscation-and-the-constitution/?utm_medium=email&utm_campaign=GoldSilver+-+11292011&utm_content=GoldSilver+-+11292011+CID_a2dbcb19e87d68afbfb7c2836887039b&utm_source=GoldSilver+Email+Marketing&utm_term=Listen+to+this+interview
 By bluejay

11/28/2011  11:41PM

Gold - The Final Frontier

This July 13, 2011 article by Martin Armstrong beckons to be reviewed.

http://search.yahoo.com/search;_ylt=Agi9_ZC0uXqNpUIZUKoqmCWbvZx4?p=martin+armstrong+ECM&toggle=1&cop=mss&ei=UTF-8&fr=yfp-t-701
 By bluejay

11/24/2011  10:08AM

Gold $1693.60 UP $1.30
Silver $31.87 UP $0.11

The following linked article by Howard Buffett, the father of Warren, clearly makes the case for owning physical gold. The article was written the 6th of May 1948 entitled Human Freedom Rests on Gold Redeeeable Money.

http://www.fame.org/pdf/buffet3.pdf
 By bluejay

11/22/2011  10:32AM

The Bottom Line:

There should not be anyone between you and your liquid assets. The MF Global shock is a perfect example of how fast your assets can be gobbled up and taken away from you. Gerald Celente of Trends Research has, for the moment, lost his entire gold position at the Comex and the money involved goes into the six figures.

Martin Armstrong discusses possible gold confiscation with some other thoughts.

http://www.martinarmstrong.org/files/Will%20Gold%20be%20Confiscated%2011-22-2011.pdf
 By bluejay

11/21/2011  9:30AM

Gold $1687.40 OFF $37.40
Silver $31.21 OFF $ 1.20

The enemy has attacked the support line on gold at $1715.10 and have temporarily won a battle. It looks to me that Momar Kadaif's stolen gold is being sold in here by the folks who always have an interest in beating it down.

It looks like Armstrong was 100% correct when he stated weakness would develop from the highs around Labor Day and possibly continue for a few months, atleast.
 By bluejay

11/18/2011  11:04PM

Gold $1724.80 UP $4.90
Silver $32.41 UP $0.70

Silver's own weakness in the past few days has apparently cast its spell on gold with its lower prices. In order for some price stabilization in both, look for gold to hold above its nearby 50 day average currently residing at about the 1716 area.

The gold stocks are starting to get weak following the breaking below of the slower MACD(12,26,9) Indicator moving average line by the faster one. This indicates that the short term upward momentum has been broken with some gifted time ahead for some to ponder taking new positions or adding to old ones on the usual scale down buy basis. It is expected that the naked shorters again will have no mercy on our markets.
 By bluejay

11/18/2011  11:03PM

Gold $1724.80 UP $4.90
Silver $32.41 UP $0.70

Silver's own weakness in the past few days has apparently cast its spell on gold with its lower prices. In order for some price stabilization in both, look for gold to hold above its nearby 50 day average currently residing at about the 1716 area.

The gold stocks are starting to get weak following the breaking below of the slower MACD(12,26,9) Indicator moving average line by the faster one. This indicates that the short term upward momentum has been broken with some gifted time ahead for some to ponder taking new positions or adding to old ones on the usual scale down buy basis. It is expected that the naked shorters again will have no mercy on our markets.
 By bluejay

11/16/2011  9:57AM

Gold $1169.80 Down $11.30
Silver $33.88 Down $ 0.69

From a recent interview of Martin Armstrong by King World News:

When asked about gold, Armstrong responded, “Basically what you are doing is you are building a sideways type of base. Eventually gold is going to take off to the upside, but largely when people begin to see the Emperor has no clothes and we’re getting close to that. I would only give it a few more months.”
 By bluejay

11/15/2011  8:57AM

Gold $1778.10 OFF $2.20
Silver $34.39 UP $0.15

The metals are basically flat today although technical internals on the both of them are as interesting as always:

Here is a quote from Alf Field:

"Once this correction(on gold) has been completed, Intermediate Wave III of Major THREE will be underway. This should be the largest and strongest wave in the entire gold bull market. The target for this wave should be around $4,500 with only two 13% corrections on the way."

Mr. Field's keynote speech at the Sydney Gold Symposium taking place yesterday and today can be viewed under the title, "The Moses Principle" at http://www.jsmineset.com.

Silver on the other hand is still passing time following its price run-up to near the $50 level earlier in the year. Currently, the shorting factor in this market continues to apply selling pressure using the chart's 50 day moving average line, today at $34.57, as its main staging point. As weakness develops from this area the shorts increase their intensity. It remains to be seen when silver will be finished with its corrective phase. The first step would be to surmount the 50 day moving average and chase away some of the shorts in preparation to attack its 200 day average 36.67.

During this period continuing to acquire small amounts of the silver bullion coins on a weekly basis looks good to me which I am doing.

Just went outside and saw another chemtrail being put into the atmosphere from a passing jet. I was told that Alex Jones has done a story on chemtrails on Prison Planet on the Internet where he discussed the mixing of Barium Salt into the jet fuel and how dangerous it is to our health. Something to check into.
 By bluejay

11/09/2011  9:27PM

Some of Jim Willie's comments from his 10-12-11 article entitled, Euroland and The Gold Recovery:

This article would be remiss not to point out that history is being made. The COMEX has decided to raise margin requirements when a falling price is occurring, for both gold & silver. Normally, the opposite is the case. Notice no USTBond margin hikes, even though an asset bubble. Policy is to tarnish the precious metals as the global monetary system continues to crumble, as the USGovt deficits head toward $2 trillion annually, and the USEconomy enters a recognized recession along with Western Europe, before renewed stimulus is attempted.

With all the destinations staring the bankers and politicians in the face, they wanted the Gold & Silver prices to be pushed down. The next upsurge will be one for the history books. With new money heading to fill holes in the bank bond bailouts, the recapitalization of numerous banks, the economic stimulus, and the government debt monetization (led by the US), the debasement of major currencies will be astounding. The Gold & Silver prices will make strong new highs repeatedly.
 By bluejay

11/09/2011  12:29PM

Gold $1773.20 DOWN $11.90
Silver $34.07 DOWN $ 0.83

It didn't take the paper thrashers long to attack gold in the last two days when our markets closed earlier.

The following link shows what the miscreants do just after the Comex session ends, throw paper (gold?) market orders into an arena where most folks have gone home for the day and trading is thin. Watch what happens when the Asians wake up.

http://www.kitco.com/charts/livegold.html

It is clear what is currently taking place: with the financial situation in Italy worsening, following on the footsteps of Greece's troubles, our leaders are tarnishing the idea of owning and buying gold and silver by manipulating it lower.

In the current market their chances of temporarily succeeding seem in their favor. Gold is coming down off the round number of 1900 and silver has struggled in the past two days with its 50 day average at 35.05, a favorite spot for sellers to attack the metal when it approaches from below on a rally.
 By bluejay

11/07/2011  12:42PM

"Gold Miners Bump Up Their Dividends" Will the senior gold mining shares be the blue-chips of tomorrow?

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/gold-miners-bump-up-their-dividends/article2215165/
 By bluejay

11/07/2011  12:08PM

Gold $1793.80 UP $39.80
Silver $34.94 UP $ 0.81

The previous entry seemed to paint gold's picture a little too negative. Mr. Armstrong was just commenting on a subjective technical look, taking into consideration how things could change with following technical chart damage.

Here are some of his recent comments:

Our long-term view in NY GOLD maintains that only a temporary high maybe in place at this time. In the event of new intraday highs developing beyond this year, then the final high could extend into2013 if we see a yearly closing above the 2011 high. On the other hand, continuing to make new highs beyond 2013 would warn of a broader rally extending into as late as 2017. However, if new intraday highs are not sustained next year, then 2011 may produce the temporary high on a closing basis as well as on a cyclical basis with a retest of support into 2012 on a year-end closing below 131050. To remain in a bullish position for 2012, gold needs to close above 143600 at year-end.
 By bluejay

11/06/2011  8:23AM

The broader price picture on gold from Martin Armstrong:

Gold on the Quarterly Level has not broken through the primary channels technically constricted from the Breakout Lines of 1985 and 1999. Our oscillators are showing that we are starting to turn down and the Entropy Model shows that this too is starting to turn down. These indications warn that a retest of support and consolidation may be necessary to rebuild a strong base of support from which to advance further in the years ahead. A Quarterly closing below 148000 will indicate that the trend will turn back down to retest support. A closing below 130900 will not indicate that a bear market could be developing into 2013 or at least a near-term consolidation. The major support begins at 111300 and a quarterly closing beneath this level will signal a sharp decline becomes possible down as far as 850000
 By bluejay

11/03/2011  4:26PM

Greece is a financial time-bomb ticking away. If Greece decides to go it alone and leaves the Euro there will be massive financial consequences around the world for all connected banks and their customers. If they remain with the Euro, it will just take longer.

Will the Fed throw Greece a lifeperserver in preventing a fall-out from rippling over here? Quite possibly but at whose expense? Certainly not any of the big US banks whose crooked accounting ledgers would be laughed at out loudly by anyone who really knew what their condition was in.

People are in the streets today because they have been hosed at the expense of keeping the casino playing banks from going bust. A gigantic mistake made during the days of TARP legislation was not taking the burden off some from the strained mortgage payers in reducing their balances and payments due by 25%. Martin Armstrong has stated that this act would have prevented all the misery that families have suffered and would have stabilzed the housing market some while its downward cycle was generally in force for many years ahead. But for the banks to take a haircut to keep the economy going was too much to ask for.

Fortunately, starting in mid-2012 Martin Armstrong expects home prices to trend higher for the following three years then more of the same later.

By 2015 it would be not a surprise to see gold near or past $5000 an ounce. In ResourceWorld Magazine's current issue Nick Barisheff the president and CEO of Bullion Management Group Inc says that gold is on its way to $10,000.

Buy gold and silver and invest in your future.

http://news.yahoo.com/analysis-leaving-euro-carries-massive-costs-181337877.html

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