October 14, 2019 
 Monday 
 
 

Forum
Topic:
Gold Enters Major Bull Market

       

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 By bluejay

07/12/2011  2:00PM

Gold $1568.50 UP $14.10
Silver $36.11 UP $ 0.36

Gold is getting a great lift in the midst of debt problems.
 By bluejay

07/09/2011  9:40PM

Gold $1544.20 UP $11.50
Silver $36.71 UP $ 0.27

Gold has found support at the $1500 level after briefly tradng below it and has been very strong lately as it closes in on its all-time high around $1560. Silver is well off its high from nearly the $50 level and struggles to advance with gold.

Aside from Jim Sinclair saying gold is on the verge of new highs, Martin Armstrong stresses caution as he expects a shake-down in both metals by about Labor Day.

Adding to the mix below is a kitco.com link to the article, The Silver Platter Opportunity by one of my favorite writers, Mr. Jim Willie. Within the article is an impressive thesis supported by charts from soneone else's research that points to a big upcoming move in both metals.

Today from King World News, I learned that Jim Dines is looking for an ounce price on silver from $300 to $500.

Although it's difficult to call the ups and downs correctly, both the metals remain firmly entrenched in their respective bull markets.

http://www.kitco.com/ind/willie/jul082011.html
 By bluejay

07/01/2011  12:14PM

Gold $1485.50 DOWN $14.80
Silver $33.81 Down $ 0.91

It appears that gold is positioning itself for lower levels. The fact that the $1500 level appears not as supportive as earlier suspected supports this view.

Even in Martin Armstrong's lastest article http://www.10sigma.com/files/Borrowing%20from%20the%20Rich%2006-30-2011.pdf he is drawing attention to the metal, possibly, being weak into the early part of 2012. Although he still maintains from earlier publications that gold will eventually attain the $5000 level.

Also in his latest article Mr. Armstrong speaks of the safety of capital which will be headed into the private sector and away from government debt obligations for the next 4.3 years. Since the recent strength of gold and silver, a much larger focus may, indeed, be comong for the stock market even though unemployment will continue to rise accompanied by faltering economic news. It's just a matter of current safety as folks become more and more concerned in the government's ability to handle their ever-increasing debt load.

As the assets of the private sector become more attractive, with Armstrong's suspected rising prices, it will present another opportunity to acquire more gold and silver lower down as the public's mindset shifts away from this area with selling aided by the manipulating hedge funds and the government supporters who hate the stuff.

In early September the Perth Mint in Australia will release their new line of 2012 Lunar Dragon silver and gold proof sets. I'll be anxiously awaiting to place my orders when they become available on the Net. These coins have proven to be excellent investments over the years for one reason, they are minted in limited quantities and sell out quickly.
 By bluejay

06/29/2011  9:31PM

From today's http://www.jsmineset.com:

Jim Sinclair’s Commentary

Taking on more debt is the solution to the Debt Problem? Don’t sell your gold with this type of reasoning running the show.

IMF urges US lawmakers to raise $14.3B debt limit
By CHRISTOPHER S. RUGABER – AP Economics Writer | AP – 3 hrs ago

WASHINGTON (AP) — The International Monetary Fund urged U.S. lawmakers Wednesday to raise America’s borrowing limit. It warned that inaction could lead to a spike in interest rates that would harm the U.S. economy and world financial markets.

bluejay comment:

It is quite apparent that we being instructed to take on more debt to save the world's elite. Ron Paul says it's time for the country to declare bankruptcy(bite the bullet) inferring that there has to be some pain to right the mess that we have allowed our masters to put us in and this would include cutting the banker's intravenous feeding lines that have been stealing our children's future since TARP was invented.
 By bluejay

06/29/2011  3:40PM

Thanks Martin for your kind words. I, also, appreciate your added insight in the 16-1 Forum pages.

Gold $1511.80 UP $9.70
Silver $34.88 UP $0.94

Gold has been in consolidation, recharging its battery, for two months. The past highs from a low of $700 to $1000, to $1200 and to $1400 just needed a few months or so to recoup.

The current resting period from the $1550 plus high should be no different. One of the key ingredients to Jesse Livermore's continued success was patience.

http://stockcharts.com/h-sc/ui?s=%24GOLD
 By martin newkom

06/24/2011  10:43AM

Bluejay's comments are well valued
The light sweet crude, I'm told
makes good gasoline. I'm also told
that type is available in Nigeria.
Our "fearless" leader wants our
nation and the world to continually be in "crises" that's
how his agenda can successfully
develop. That's the only goal
as he sees it.
 By bluejay

06/24/2011  10:33AM

Gold $1502.70 Off $18.00
Silver $34.63 Off $ 0.68

The cut-off of light sweet oil from Libya due to the country's civil war has prompted the International Energy Agency to coordinate between the U.S and Europe a release of 60 million barrels of oil from their strategic reserves.

This move has weakened world oil prices and in turn, caused selling in gold and silver. The oil release will, for the short term, cause products made from crude to be s bit cheaper which will only be a temporary crutch for a sputtering economic recovery.

These are a few thought from Jim Sinclair today:

"If you think that the banking system of the western world is strong enough to guarantee the debt of the western world, you’re totally out of your mind. That’s the reason they’ll do everything possible to paper over the Euro crisis to prevent the defaults in order to prevent another crisis in banking that definitively would occur, that absolutely would occur from a default. This fact is ravingly positive for gold. You would have a complete collapse of the western banking system if Greece goes down.”
 By bluejay

06/14/2011  8:14PM

Today from James Turk:

Thus, there is only one logical conclusion. Much of the debt overhanging the globe will never be repaid. Because a large portion of this debt is the principal asset backing national currencies today, these currencies have been debased.

It is debasement just like that by corrupt and autocratic kings and emperors of yore that we read about in monetary history, who cheated the citizenry by mixing lead or other base metals into coins to replace their gold and silver content. But today the debasement of fiat currency arises from the unrepayable loans of over-leveraged sovereigns run by corrupt and autocratic bureaucrats and politicians and of course their hand-maiden, central bankers, which succinctly highlights a theme I have made repeatedly.

Central banks are a barbarous relic.

From http://www.goldmoney.com
 By bluejay

06/14/2011  11:17AM

Gold $1522.50 UP $7.20
Silver $35.45 UP $0.69

The metals continue to be under pressure since silver was stopped dead in its tracks nearing $50 with excessive increases in margin requirements ordered by the CME. Although silver was getting frothy, doubling in price in two months, the CME made sure that the plug got pulled just to protect its members that were heavily short from going belly-up.

The quick drop on the metal scared participants along with the effect spilling over into the gold market. The NY boys who play silver are obviously looking for lower prices. The key here for silver and gold to get moving again is gold's ability to hold the $1500 level.

The gold producers are now selling for 10 times their cash, the norm is 20 times cash.

Gold and silver are now in consolidation patterns. It would be expected for them both to continue basing with a lower bias until such time that their batteries become fully charged again and the resumption of their bull trends is followed by all-time highs.
 By bluejay

06/01/2011  2:06PM

An outstanding video with Mike Maloney spelling out what's in store for fiat currencies:

http://www.youtube.com/watch?v=QMwDynuruN4&annotation_id=annotation_331086&feature=iv
 By bluejay

06/01/2011  11:50AM

Gold $1543.30 UP $9.00
Silver $37.71 OFF $0.76

The following is from the Bob Chapman International Forecaster today:

Three years ago we saw what was going to happen to municipal bonds and we recommended their sale. Since then they have taken massive losses. Many municipalities will go bankrupt and many workers will be fired. Most will never be able to get a job again. We believe the states and municipalities will not receive further funding from the federal government and they jointly will fall deeper into debt.

As these entities and private ones as well go broke pensions will fall into default. This is part of the decimation of the under structure of society, so that almost everyone has nothing. The elitists in NYC and Washington want all the power in order to totally enslave mankind, but particularly the populations of the US, UK and Europe. At the same time, as they have over the past 3-1/2 years, they will hold the market up to continue the façade of prosperity.

The market will be ready to fall when they want it to, in order to drive funds into the bond market to keep it solvent, because it is far more important than the stock market. We do not know when this will happen, but it will. Can you imagine what will happen to pension funds and insurance companies with the Dow at 6550 or lower?

That is why we believe investors should be out of the stock market except for gold and silver shares. They should also be out of cash value life policies and annuities and certificates of deposit, and only own gold and silver coins, bullion and shares.
 By bluejay

05/12/2011  1:46PM

Gold $1503.80 UP 2.10
Silver $34.30 Down $0.767

Both metals were shelled, again, but have come back from early morning lows: gold traded down to $1479 with silver hitting about $32.15.

Buying into silver weakness works for me. Another 20 one-ouncers bought earlier in the day with the metal trading in the 32 to 33 range. With scale down buying, you keep buying lower and lower until prices start up again in this continuing bull market.

Here's a great summary by Ted Butler of what's happening in the silver market:

http://www.investmentrarities.com/ted_butler_comentary05-09-11.shtml
 By bluejay

05/11/2011  11:19PM

From Wednesday's International Forecaster:

We wonder who again told the CFTC and the SEC to look the other way? Who instigated the attack on silver and gold and on the shares? Is there no justice left in America? Are we to continually be robbed by these crooks without any hope of lawful recourse? It looks like that is going to be our fate. That is unless in 2 or 3 sentences you demand that every representative and senator stop this thievery. E-mail the CFTC, SEC, NYSE, ASE and Nasdaq and let them know you know what is going on and you want it stopped, now. If you are not successful you will continue to be robbed by these crooks. Even if you are unsuccessful these criminals will know you know exactly what they are doing.
 By bluejay

05/06/2011  1:17PM

Fraud at the Fed

http://www.kitco.com/ind/schoon/may052011.html
 By bluejay

05/06/2011  8:42AM

Gold $1495.70 UP $22.60
Silver $36.25 UP $ 1.59

Bob Chapman reports that sources are telling him that Treasury employees are contacting commodity trading firms with suggestions that they instruct their accounts holding silver contracts to sell them. What is this? You know what it is: more government control of markets. This may work over the short term but these types of price containment efforts ALWAYS end in failure over the long term, always.

Hugo Salinas Prices' firm, Electra, upped the silver coin buying premium yesterday to $5 over spot, it had been much lower over previous weeks. Senor Price knows that the instigated paper charade with silver over the past days won't hold and he is not selling his inventory at these rediculously low prices. This all means that there is support increasing for a widening price differential between the paper COMEX market and the real physical market.

Numismatically speaking, the Mexican one ounce Libertads should continue to increase in premium. The silver US one ounce Eagles that I anticipate the Mint to coin in the number of 60 million overshadows the Libertad production which is significantly less. The 2006 and 2007 Libertads mintages were well below 400,000 for each year.

Included below is a link to a silver chart depicting the beating and whipping that was handed out by the powers to be.

http://stockcharts.com/h-sc/ui?s=%24SILVER
 By bluejay

05/04/2011  6:41PM

Here's the new increased silver margin requirements press release:

http://www.kitco.com/reports/KitcoNews20110504AS_silvermargins.html
 By bluejay

05/04/2011  6:36PM

Gold $1516.50 DOWN $20.60
Silver $38.93 DOWN $ 2.73

The suspected meeting that took place over last weekend in an attempt to beat down the gold and silver prices has temporarily succeeded.

The COMEX continues to increase the margin requirements for their 5000 ounce contracts with an another increase after the close today to be followed by another for the following Monday. It's quite apparent that the Exchange is saving itself from implosion as the amount of blood letting from the two prominent shorts was very near to their expiring with silver approaching $50 an ounce last Friday.

The Exchange is basically saying that they are attemting to save the smart buyers or the public from themselves. Hogwash! They are saving the banks from their arrogant stupidity!

It is amazing how these disdainful people consider only their own skins and those of their connected comrades.

What the course of these events will establish is a widening price market for the COMEX paper silver market with the physical market. I purchased a couple of rolls of the silver one ounce Canadian Maple Leafs at the spot price of $39.50 plus the $3.50 premium and tomorrow I'll be in Cabo buying the Libertad one ounce silver coins again.

Keep it coming boys, I'm buying for my future and in the proces trading in fiat bills. As Jim Sinclair has stated, become your own central banker.
 By bluejay

05/03/2011  6:36PM

In current after hours trading:

Gold $1534.50 DOWN $11.10
Silver $41.00 DOWN $3.38

There is no question to my mind that this continuing weakness is an extremely organized effort to break people's confidence in these metals. Also adding insult to injury, the hedge funds are flooding the marketplace with sell orders of gold and silver related companies in an attempt to flush them down the drain with their increased naked shorting. It's fairly obvious that regulators and their bosses like this attempt to hose the American public and others, separating them from a portion of their wealth while both remain lost for intelligent ideas to fix the mess they have created for all of us.

This paper party selling event started as the Comex was on the verge of financial implosion as the result of the billions and billions of dollar losses by two members, J.P. Morgan and HSBC, who were very near to default on their millions and millions of short silver ounces that they could not deliver.

Their overall plan began in the past few weeks when the hedge funds started leaning on the precious metal shares. Their game, which has been profitable for them so far, has been buying gold bullion and selling the related stocks.

The ratio to these two is currently 7.31 which is the XAU Index divided in gold's price. Some few years back the normal trading range for this ratio was 3.0 to 6.0. In other words, the 6.0 level was a buy level and the 3.0 level was a sell area. In mid-summer to October of 2008 all this changed.

This was the period when three major US banks massively poured large amounts of naked short contracts into the gold and silver commodity markets collapsing prices and scaring everyone that had an interest into a state of shock. During this period gold and silver related stocks were also naked sold short in massive amounts tanking them and pushing the ratio into an all-time high area of just over 11.00 which, again, which was arrived at by dividing the XAU Index into gold which equaled a little over 11.00.

Recent resistence on the ratio chart has been in the 7.50 area. It remains to be seen how serious the dark side is interested in or capable of further damage in pushing both the metals and shares farther down but one thing is for sure, the successful and well known gold analyst, Mr. Jim Sinclair, has recently stated that the hedge funds are on the verge of being roasted alive with their massive amounts of precious metal related stock naked short positions.

Bob Chapman has said, you buy and you hold both the metals and the shares and disregard these swings. He further states, gold and silver and the shares are the best home for your funds today.

These quick downturns are normal events during bull markets. Envision looking past current events to a time when the bull markets in both resume with the establishing of all-time highs again.

Past and current actions by the Fed makes investing and standing tall during this period with your positions a no-brainer.

Check out the Gold/XAU ratio chart:

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

05/03/2011  9:37AM

Here's an hourly chart on silver for about the past two days.

It just shows what these arrogant trickers are capable of on a daily basis.

Did you know when gold exploded in price in 1979 there were, overall, more down days that up days? Think about it.

I'm heading down to Baja Thursday from Pescadero to buy some more silver Libertads from Hugo Salinas Price's Electra store.

http://www.kitco.com/charts/livesilver.html
 By Rick

05/02/2011  6:52PM

We actually dicussing gold "down" to $1561.60/ozt"

Ten years ago, the chalk-board in the Original Sixteen to One Mine corp office had daily tracking gold-price figures 300++% below the current value...

I remember, with miners underground, when $gold/ozt crossed $300 the smiles around and the optimism abounding.

Gold is still inside.

Will, PLEASE, the Regulatory Crappers release the backs of the free enterprise rist-takers, the miners of the most valuable rising natural asset in this State?

I have a huge smile inside.

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