October 14, 2019 
 Monday 
 
 

Forum
Topic:
Gold Enters Major Bull Market

       

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 By bluejay

08/16/2011  10:44AM

Gold $1780.60 UP $14.40
Silver $40.01 UP $ 0.09
Gold/XAU Ratio 8.43
Gold/Silver Ratio 44.50

Gold may have hit another all-time high earlier in the day at $1787.80. Silver continues to be in a state of malaise as it catches its breathe following the doubling of its price over a short period while almost hitting $50 about four months back.

It appears the table is set for the miscreants to apply their evil crafts in further depressing the precious metal shares in addition to the big U.S. banks cranking down silver's price to improve their big short position losses.

Both the HUI and the XAU gold and silver indexes are at crucial short term resistsnce areas: the XAU with a last of 211.37 faces trouble at 212.50 while the last sale on the HUI at 577.46 is also near an equally troublesome short term level at 580. Behind these two resistance areas the XAU has long term chart problems in the 220 to 230 area while HUI's health has been strained many times at its 600 level.

The gold price is preparing to push out of its third flag formation on this strong move that started at 1475 in early July and it remains to be seen if it will be successful.

Martin Armstrong has added to the mix in his latest missive of August 15 entitled "The 40 Year Anniversary Of The Floating Exchange Rate System And The Week From Hell" http://www.martinarmstrong.org/files/Euro%20Dow%2008-15-2011.pdf that the Central European Bank may engage in gold sales.

For the short term, the investment banks along with the hedge funds could seize this as an opportunity to force everything lower in the sector but as Mr. Armstrong states, this will be bullish for the long term.

Martin Armstrong's article is quite informative discussing exchanges rates, the Dow Jones Averages and why a gold standard just will not work. On page three he uses a 18895 figure which is a type-error in mentioning key chart areas on the Dow which may be 11895.

We are in the midst of historical times concerning debt and declining confidence in governments around the world which has resulted in the continuing push to higher levels on the price of gold. Be prepared for increased volatility as we approach the high volatility month of September.
 By bluejay

08/13/2011  12:02PM

From today's International Forecaster:

If you can believe this, the CME-Comex raised margin rates(on gold) just 2-days after the first rise. We just went from $4,500 to $6,000 to $7,500 and this is not the end of it. The CME has their marching orders from the Illuminists and they will most likely take margin to $21,600, just like they did to try to destroy the silver market. It shows you how evil these people are.
 By bluejay

08/11/2011  11:58AM

Gold $1746.60 OFF $48.80
Silver $38.41 OFF $ 0.88
Gold/XAU Ratio 8.44

It appears that gold may have run its course on this recent spike. Gold has been put in front of the public eye and this in itself over the short term has invited the investment banks and hedge funds to do their dirty deeds in positioning the other side against recent buyers which should be followed by their price suppression schemes.

The most obvious sector being targeted relating to gold's advance is the precious metal shares. They have been naked shorted for weeks while gold advanced much higher than the manipulators anticipated. This has been a bold move on their part but then again, if they're wrong, it has been the custom for the public, at the hands of the government, to bail them out.

The investment banks in particular have been granted a license to steal. Their unbridled printing of securities, which never get delivered, have in some instances destroyed many small companies who depend on the credit markets to stay alive.

Some believe that the 1929 stock crash was caused by the commerical banks involvement in stock underwritings which may be true to some extent but the real cause of the depression was sovereign debt troubles which never seemed to make it into our history books.

The banks have always been greedy and have never had enough profits for themselves regardless of the future that they have caused the public to suffer from. In 1933 Ferdinand Pecora made it his personal mission to restrict the banks from ever being involved in the brokerage busines side again when he gathered up enough support to insure passage of the proposed Glass-Steagall Act which became law that year.

The Fed composed of bankers began to dismandle Glass Steagall in 1987. It was a long effort by the major banks to get back into the brokerage side of the business and cause troubles again with Alan Greenspan and Robert Rubin along with their millions in bribe money doing their bidding for them.

The act of years of destroying Glass Steagall can be followed closely at the following link: http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/demise.html

Gold hit $1800 yesterday but the precious mretal shares can't get through the over-head supply of counterfeit shares. This is all being brought to us by these miscreants who rig markets for massive short trerm gains at the public's expense.

Bob Chapman has stated many times that our representatives in the House and Senate our bought and paid for by the bankers. You strike back at the bankers by not giving them your money thus keeping it away from their greedy little fingers and in gold for the long term aside from expected temporary weakness starting in September for an unknown period of time.

The ultimate hedge against currency debasement will always be to hold gold.

Stay strong.
 By bluejay

08/10/2011  11:56AM

Gold $1767.50 UP $23.40
Silver $39.05 UP $ 1.34
Gold/XAU Ratio 8.50

Gold continues higher following the Standard & Poors downgrade of U.S. debt last week. The gold and silver shares have improved somewhat against gold in relative strength from above 9 top 8.50.

Mike, I forwarded your question to Dan Norcini who is more qualified to give you an appropriate response.

With gold continuing to flare higher, hitting about $1800 earlier, it is a good time to hang on to some perspective: Martin Armstrong has stated that it is quite possible that weakness will develope in this market in early September.

For those requiring more elaboration on his stance, visit http://www.martinarmstrong.org and review his recent comments in the article "The Outlook For Gold" dated July 13th.
 By Rick

08/09/2011  8:18PM

Mike, et al....

It would be a curious obstacle if State water-crook-thug lawsuits at this point outweigh the ever-proven potential of this grand mine.

It has been a weight-of-the-world obstacle. The difference now is the return on development vs. getting the a-holes off of the mine's back.

The tide is changing. Regulation has had it's warning. And yet, despite their CRAP, potential to outweigh their assault is at hand.

Spurious regulation will have nothing to gain when there is no longer a target, especially with the new awareness introduced by the few in Congress who have the balls to speak the truth.

Even if the thugs are pursuing their target $$$$ ammount, the potential production far outweighs their crook-figure.

Investors are watching....for when/if the risk is averted....

It's time to out-fox the hen-house.
 By Michael Miller

08/09/2011  6:00PM

The gold future spread sheet for trade date 8/9/2011 this morning has an anomaly that begs for an explanation regarding a key in understanding the spot price movements. The spreadsheet identifies the contract month, last price, change, open, high, low and volume. The anomaly is in volume: August = 1,405; September = 4,329; October = 16,147; December = 261,030; February = 1,540; April = 239.

When I saw this early morning, short selling was my answer. The current spreadsheet at 5:45 pm trade date 8/10/2011 for volume is: August = 21; September = 139; October = 673; December = 9,661; February = 18; April = 0. Strange behavior, isn’t it?


The spot price is a curiosity only for me. Today I spoke with two different gentlemen of age and proven wisdom. Both told me that gold has much more increases ahead, by significant amounts. As a gold producer, I am amazed! As the president of the oldest US gold mining company with an ongoing operation (very modest for reasons you all know), I am pissed off that a specious lawsuit and a series of attacks on this operation for over a decade have reduced our operation to a stand still. Without any serious investors calling to conduct a serious due diligence review about the reality of this company, I am disturbed. Also a plan is at-the-ready (flexible to adjust to all needs) should a serious investor approach us.
 By bluejay

08/09/2011  12:34PM

Gold $1773.00 UP $55.80
Silver $37.83 DOWN $1.20
Gold/XAU Ratio 9.11

Gold continues to be aggressively sought with the confidence in governments briskly sliding away. The hedge funds keep pecking away at the gold and silver shares with the explorers being especially hard hit.

The cold hard fact is fiat currency managers have lost manipulative suppressive control of gold. Jim Sinclair says from his studies that we are ever so close to explosive higher metal prices.

Concerning the shares and silver, the want-to-be controllers are very active in plotting and supporting a full frontal press to what is still available to them in hopefully turning people off to hard assets. Using paper products to depress hard assets is fraud and with a sensible government coming on the scene someday, hopefully, will find these criminals being committed to the penal system stockades for many years.
 By bluejay

08/05/2011  11:34AM

Gold $1651.70 UP $2.90
Silver $37.93 OFF $0.95
Gold/XAU Ratio 8.41
Gold/Silver Ratio 43.39

The news today is not the gold price but the criminal hedge funds stomping all over the gold and silver shares. For all we know, the investment bank are involved as well. These are the same people that collapsed the metals and shares in 2008 during the financial criis.

Martin Armstrong has mentioned that a turn to the downside in the metals is likely by Labor Day. It seems the time table has been moved closer with all the recent action to the upside in gold.

The continuing weakness in the PM shares is to some extent being effected by the serious weakness in the general average but the main pressure is being supplied from the slimy characters already mentioned.

Looking ahead with $5000 gold in the cards, holders of the shares must prepare themselves for temporary rough sledding ahead. The important thing is, don't let the crooks shake you out and take your future from you.

Eventually, these miscreants will go long, hopefully without your shares, and have super spectacular profits when the gold bull really aserts itself beginning in the early part of 2012.

Stay strong.
 By bluejay

08/04/2011  9:07AM

XAU Index 202.94 DOWN 6.86
HUI ndex 552.44 DOWN 10.93

The two gold and silver indexes are being battered today as gold trades at another all-time high. What gives here?

It is suspected that the all powerful hedge funds are overwhelming this sector by illegally feeding into the market a monstrous supply of sell orders representing nothing but "supposed" good intentions to deliver securities. This is the most outrageous fraud to manipulate prices for big profits ever seen in the history of Wall Street. The amount of money generally being stolen from shareholders is, probably, in the bllions.

You must know that the system is fixed against you while regulators fail to take action against these criminals.

The naked shorting scheme basically got started sometime after the banks took over the brokerage firms. The hedge funds became involved when they discovered that the regulators were being influenced to look the other way and went along for the free ride and more downward price gouging at our expense all while gold continued to make new highs.
 By bluejay

08/04/2011  8:01AM

Gold $1681.20 UP $20.10
Silver $42.17 UP $ 0.44
Gold/XAU Ratio 8.09

The increasing fear factor of governments continues to attract new money into the gold market with the $1680 level falling today. It seems not only that gold and silver stocks are being shunned but platinum as well, being off $30.00 to $1749.

Platinum at a 1 to 1 ratio with gold has usually meant one of two things: either platinum is ready to advance in price or gold is ready for a fall. Usually, there are traders who closely follow the ratio, current at 0.96, and when it goes one against one, they put on a ratio spread by selling gold and buying platinum.

The price of gold is quite extended for the short term, registering a plus 14 in the current Granville up-field cluster. Holders of gold should be quite pleased with its short term performance but "gold parties" do come at some expense: they ALWAY seem to run out of gas.

Silver has surpassed chart resistance at the $41 level. We'll see how well it holds with gold reaching over-bought status.

If gold continues making new highs on its current run, it would be suspected some major negative development is approaching.
 By bluejay

08/02/2011  11:33PM

Yesterday from Martin Armstrong:

This debt crisis put a lot of people on notice US politicians are clueless. They kicked the can down the road but after the next election, look for this debt crisis to start to come apart at the seams. Then capital will start to shift as we get closer to 2016. That will be the biggest reservoir of capital to propel the stock market and gold to the outer stratosphere when it begins to pour out of the bond markets into assets.
 By bluejay

08/02/2011  1:32PM

Gold $1658.30 UP $38.00
Silver $40.83 UP $ 1.59

Gold continues pushing higher aided by the President, Congress and the Senate. These politicians are totally unwilling to seriously and intelligently address the problem of our run-away National debt.


The President Surrenders
By PAUL KRUGMAN
Published: July 31, 2011

A deal to raise the federal debt ceiling is in the works. If it goes through, many commentators will declare that disaster was avoided. But they will be wrong.

For the deal itself, given the available information, is a disaster, and not just for President Obama and his party. It will damage an already depressed economy; it will probably make America’s long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana-republic status.
-------------------------------------

The hedge funds continue to sell precious metal stocks short as the Gold/XAU Index continues to move higher, meaning better relative strength for gold against the shares, with a current new reaction high of 7.96.

Today is an important milestone for the gold analyst, James Sinclair. In the first quarter of 2005 he made a DVD explaining why gold would hit $1650 in 2011. It doesn't get any better, it was a perfect prediction. Congratulations Mr. Sinclair! You can follow him at his free website: http://www.jsmineset.com
 By Michael Miller

07/29/2011  3:44PM

To answer Bluejay’s question below: “Why do we get over regulated and harassed while these guys get a free pass to steal?”

The squeaky wheel gets the grease. Misinformed or intellectually lazy or arrogant or self centered or guilty or thieves, pirates and criminals or ego-centric men and women find it easier to pursue attacking the environment than the economic/political/social illnesses affecting our country and quality of live.
 By bluejay

07/29/2011  9:57AM

Below is a link to the Gold/XAU ratio chart:

http://stockcharts.com/h-sc/ui?s=%24gold%3A%24XAU
 By bluejay

07/29/2011  9:26AM

Gold $1626.50 UP $9.30
Silver $40.02 UP $0.29
XAU 207.54 DOWN 2.60
HUI 545.71 DOWN 9.09
GOLD/XAU Ratio 7.83

Continuing bickering in DC with no concensus concerning the debt limit discussions has pushed gold up today. In the background is continuing naked shorting of the gold and silver stocks by the powerful hedge funds. Remember when gold rises and the precious metal stocks are lower, they make money both ways.

Adding to troubles for the holders of the gold and silver shares is the fact that the Gold/XAU ratio pushed above its 50 day average at 7.59 and is currently at 7.83. A higher continuing ratio equates to lower share sector prices.

As the debt limit controversy continues to boil expect it to be resolved at the last second with the participants all taking their bows accompanied by weakening metal prices and more naked shorting for shareholders, compliments of the fraudsters.

It is hoped this assessment is wrong with the precious metal stocks but greed is a powerful thing and their thirst for illegal profits is insatiable.

An appropriate question is: Why do we get over regulated and harassed while these guys get a free pass to steal?
 By bluejay

07/28/2011  11:16AM

The Chinese are buying gold.

http://www.youtube.com/watch?v=dwWso5m2f5c
 By bluejay

07/27/2011  5:57PM

Bob Chapman from the International Forecaster has these positive words for the metals today:

Comex silver inventories could realistically be only 33% of what they say they have. There is no question the exchange traded fund, SLV, has been lending the shorts silver for delivery illegally.

As you know there are no rules for these elitists. They do as they please. We also have believed for a long time SLV inventories are probably about 1/3rd of stated levels, or less. The positions of JPM, HSBC, SLV and others are staked against the reality of falling physical inventory and a deficit of production versus usage, plus investment off take.

That means to us that over the next seven months silver could be priced at $70 to $100 an ounce and gold between $2,200 and $3,000.
 By bluejay

07/27/2011  4:02PM

Educational video on gold.

http://www.youtube.com/watch?v=RvL_Dm2d99A
 By bluejay

07/27/2011  10:27AM

Gold $1619.40 OFF $0.50
Silver $40.89 OFF $0.02
XAU Index 214.00 OFF 4.84
HUI Index 564.86 OFF 9.83

The gold and silver shares have been beaten down this morning while gold faded from earlier strength while making an all-time high at $1629.40. It is suspected that some hedge funds sense a temporary high in gold and have let the naked shorting beast out of its cage.

Also, gold was higher yesterday logging in its 10th recent high in the Granville up-field cluster. If gold closes at or near its low today, it is suspected that weakness could develop over the very near term. The signing of a debt ceiling limit could put the icing on the cake for a short term high, possibly being established today.

If anyone is curious as to why holding gold bullion in some form is better than the shares right now go to http://www.stockcharts.com and select for a chart $GOLD:$XAU and for the time period choose weekly and then hit the update button.

THe chart is representative of the ratio of gold to the XAU Index of gold and silver stocks. The old norm use to be from 3 to 6 until the bankers started effecting metal prices lower in incouraging depositors to keep their money with them during the financial upheaval a few years back.

Although they were only able to shock and awe the gold and silver markets temporarily the shares continue to be held hostage with a new higher norm on the chart which means continuing inferior value prices for the shares against the metals. As you can see from the graph, the recent norm is quite different than the old 3 to 6 range. In the past buying gold and silver stocks at 6 and selling them at 3 was the profitable way to go.

All this was helped along when some very big hedge funds and probably some investment banks starting using the naked shorting scheme while being long the metals. Profits have been piling up for them while most shares just stumble around like they were wearing cement shoes. Although there has been an exception with of the some stocks. This is especially harmful to the explorers who must depend upon refinancing. When the share prices get too low the companies in some cases have to do reverse splits to keep their share price at a decent level to attract refinancing. When new offering are made the naked shorts buy into them thus covering their short positions at a lucrative profit. Is this fair to shareholders of these companies? Of course not! But the bleeding goes on anyway. In the old days these types of crafty price manipulations were known as "bear raids."

When one views the chart it becomes clear, holding gold and silver has outperformed gains in the shares, overall. The blue line is the 50 week average, while the red one represents the 200 week average. In order for relative strength to return to the shares versus gold the 200 week average needs to be pentrated to the downside. Although some analysts are calling for an explosion to the upside in this sector, it just won't happen until the red line gives way to falling prices.

A side note here is: in the next few months expect to see increased offerings to absorb some good properties that explorers hold and whose share prices are not representative of their true values.

It will be "bargain day" shopping at Macy's for all of senior gold companies. A key for shareholders of these companies will be, don't fall for the old trick of accepting a 40% or so premium for your shares when they have been overly depressed by the fraudsters.
 By bluejay

07/26/2011  10:23AM

Ted Butler tells you why silver is so special:


http://goldsilver.com/news/a-nervous-new-world-by-theodore-butler/?utm_medium=email&utm_campaign=7+-+19+-+2011+-+GS+-+Weekly+Newsletter&utm_content=7+-+19+-+2011+-+GS+-+Weekly+Newsletter+CID_228b74c36a30ecc78b3345a13fd6ba4c&utm_source=Webmail+Marketing&utm_term=A+Nervous+New+World+By+Theodore+Butler

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