July 6, 2022 

Gold Enters Major Bull Market


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 By bluejay

01/13/2011  4:13PM

What's behind this anomaly?

Gold $1373.30 DOWN $14.70
Silver $28.72 DOWN $ 0.93
USD 79.24 DOWN 0.74

Broken down even further:
(figures supplied by kitco.com)

Gold price change due to a weakening USD(U.S. dollar.)
UP $15.10

Gold price change due to predominant sellers.
DOWN $29.80.

Behind this classical take-down are the tracks of your favorite keeper spreading its decadence through its puppets, the bullion banks.

Remember, this current raid is taking place at the same time that the dollar is getting thrashed. Remember, 2008? That year the bankers raided the gold and silver markets unmercifully, broke all the rules selling contracts that had no physicsl behind them, naked short selling. This time, all the unethical tools are being employed again to hurt the folks who understand that they must hold gold and silver to protect their wealth.
All thoughout history fiat currencies have financially ruined millions of families around the world.

When you understand that our keepers hate gold, along with silver, these attacks don't surprise anyone that thoroughly comprehends their intent. Unfortunately for the government and the money changers, gold is an international currency. In time, over and over again, gold will be the consistent winner aside from these blantant sideshows.

When is the last time you have heard on television or read in the papers that gold has increased in value nearly 20% every year during the past 10 years?

How California Has Failed, Again.

If Calpers had invested in gold over this time their stock market returns would have been significantly different than the embarrassing 1.2% return that they have shown for the California public employees retirement fund.

If the State-run fund had any brains it wouldn't be in the fix that is in today, underfunded by 50%. One has to wonder, how many "know it all" State employees it takes to screw-up thousands of retirees future?

I'll match my 10 years return, anytime, with any of the over-paid California State employees with their big pensions who were in charge of making financial decisions for Calpers for the same time.

The real sad thing is, that the wealth contributed to Calpers for future pension payments, most probably, has lost nearly 50% of its real purchasing power during period, or so. As our currency continues to be debased by the Fed, expect this percentage to consistently grow. Calpers is a complete failure acting on the behalf of hard working State service employees.

Another relevant question is, how much money was wasted in running this organization into an almost zero performance return operation?
 By bluejay

01/08/2011  6:02PM

The Way It Is

 By bluejay

01/08/2011  1:10PM

Gold $1369.80
Silver $28.69

The following excerpt is from today's International Forecaster:

As the destruction continues in an insolvent banking system banks continue to speculate in world markets again increasing leverage at the cost to the economy of not lending to most small and medium sized businesses. The Treasury carry trade is far more profitable. All this in an environment of flash trading, which is front running and is illegal, as is naked shorting, which the SEC refuses to do anything about. In addition, of course, is a rigged manipulated stock market whose license to steal was granted under Executive Order. These mechanisms are used to take markets in whatever direction government and the people who control government want them to go. Is it any wonder the public investor is leaving the markets in droves?
 By bluejay

01/06/2011  3:10PM

Gold $1371.10
Silver $ 29.07

In the past few days gold is down from the $1425 area while silver is down from above the $31 level. Adding to the downside pressure, gold sold beneath its 50 day moving average at about $1378 which should influence, as well, the silver prices to drift lower for the time being.

Most disturbing during this weakness is the dumping of excessive amounts of conterfeit gold and silver related shares known as naked short selling. This occurs when sell orders are accepted by the brokerage firms with no intention by some sellers of ever delivering the physical shares to them for submission to the clearing corp.

When it comes time within three days for some sellers to produce shares, only legally issued by the transfer agent, NOTHING HAPPENS. No one can know how many shares sold represent nothing but "hot air" but the clearing corp.

Either the clearing corp. is not reporting undeliverable shares to members of the exchanges or the OTC or they don't care. It's quite obvious connected people are the only ones that get away with this this type of fraud. If you and I tried it, the brokerage firms would come down hard on us and close our accounts.

For all intent and purposes, the folks behind this blatant sham are most likely the investment banks and the regulators that have been told by higher-ups to look the other way. It's plain and simple, it just couldn't be anything else.

So what do we do as shareholders in this environment? You do nothing as we are the hostages. You just watch as the money is temorarily ripped from our pockets in the short term or you get really scared when prices dive and you throw in the towel letting the criminals win thus enabling them to cover for a profit.

The same thing happens at the Comex. Naked short sellers force down gold and silver prices with no physical metal behind their executions. If all the holders of gold or silver contracts demanded physical delivery the Comex would have to close their doors, for it is certain the gold and silver are not there.

What we have in markets today is a bucket shop operation being co-mingled with real fully paid investors and sellers with physical shares to deliver. With the two classes of participants in markets these days, it is painfully clear we are not the favored ones.

Below is a link to a video with an educational message concerning silver that might surprise you.

 By bluejay

01/01/2011  9:18PM

Gold and Silver to advance during the first half of the new year. James Turk forecasts $1800 gold and $50 silver. Check out the full interview of James Turk by Eric King.

 By bluejay

12/31/2010  5:26PM

Gold $1421.60 UP $17.60
Silver $30.91 UP $ 0.45
Copper $4.42 UP $ 0.08

Copper was added as it has been very strong in December and is expected by Bob Chapman to hit $6 a pound in 2011.

Gold in the last trading day of the year put in an impressive close, as did silver. If a close on gold occurs in the excess of $1480, it is expected to go ballistic according Martin Armstrong. Silver, with a close over $30, is very near to going ballistic according to Eric from http://www.jsmineset.com.

Below is a link to a story entitled Hyperinflation Will Drive Gold To Heights Unthinkable. It is written by Egon von Greyerz from Gold Switzerland.

 By bluejay

12/16/2010  3:55PM

Gold $1371.70
Silver $28.85

A little concerned with the weakness in gold today? You might not be after reading the few exerpts below from the December 15th article, "Chinese Take-Out(of US economy) by Jim Willie:

The global monetary system is collapsing, led by sovereign debt ruin and amplified monetary expansion that brings no viable solutions anywhere. The major banks are collapsing in insolvency and futile defense of their broken fortresses. Government deficits are spiraling out of control, whose solution in fiscal austerity only makes the economies weaker. The metals exchanges are being systematically drained, even as revealed for the leveraged high risk in fractional methods. They buy and sell paper gold and paper silver without too much benefit of physical, permitting naked short sales by the biggest US and London banks. Their game is being called. The Swiss banks are under critical eye for foot dragging on gold & silver withdrawals from Allocated accounts.

The Chinese have done something remarkable, only to be done if they know the game is over and the victory over fiat paper money is complete. The Chinese have laid out their game plan, their modus operandi, their tactics if not strategy, through an anonymous London broker. Hats off to the King World News for sharing the invaluable information that should encourage even the most timid and reticent investor. The Anglo bankers are stuck!! They are running out of physical metal to sell in a fractional scheme. They cannot afford to pounce too hard on the price, with either naked shorts or higher margin requirements. Doing so only plays into the Chinese hands, which are grabbing all the bullion available. So the challenge is for the Anglo bankers to control the pace of the demise of the Gold & Silver metal market. This is game over. In these times of monetary hyper-inflation, called euphemistically Quantitative Easing among gentlemen, the prospects for a double and triple in the Gold & Silver price is utterly obvious.
 By bluejay

12/15/2010  11:01PM

Sorry for the entra entries but tonight for some reason, the keyboard is somewhat sensitive and appears to have a mind of its own.

The feeling is apparent that bear forces are attempting to take gold lower, led by aggressive pressuring each time silver nears and breaks the 30 level. Aside from this, gold remains firmly entrenched in its bull market.

It's no secret from viewing the gold chart that an effort has been in the works since early October from preventing the metal from establishing itself above 1400. What's happening now is the bears are hoping to destroy a short term ascending trendline at 1376. Also, they have their eyes on invalidating another support area, this one from an established ascending 50 day moving average line at 1368.12.

This is just how the bear mind works, always looking for opportunities to erode confidence in the gold market by hacking away at perceived areas of support to create their little panic sell-offs.

In this case, their trick plan is to crush these two levels and hold prices below with more selling if gold tries to push back through them. Will their plan work?

Lower down there is support at the 1346 to 1350 area from a line extended through two recent bottoms(1320 and 1330).

Jim Sinclair states 1650 is coming in January. With a last of 1381.70 the big push, for him to be right, will have to start soon. If Mr. Sinclair is right, Mr Martin Armstrong's prediction of $5000 comes into play. Mr. Armstrong stated, once the top of the ascending monthly channel line is bettered just below 1500 then its up, up, up and away.

Will PacMan eat the shorts in the coming days or not? Stay tuned.
 By bluejay

12/15/2010  10:09PM

 By bluejay

12/15/2010  9:39PM

Gold $1380.80
Silver $29.01
 By bluejay

12/13/2010  5:42PM

Gold $1400.30 UP $5.80
Silver $29.73 UP $0.18

If you like silver, this an opportunity.

Currently you can purchase pre-1964 silver coins for under silver content value, not to mention the 10% copper in each coin. Lately, copper has been hot and is over $4 a pound.

At the following website they are offering half dollars, quarters and dimes at about $27.50 for their silver content with silver's last of $29.73.


I have dealt with these folks before with no hitches. All purchases are shipped free of charge with no sales tax from the State of Washington.

I'm going for more tonight.
 By bluejay

12/09/2010  5:13PM

Gold $1387.60
Silver $ 28.76

Below is a linked chart from stockcharts.com depicting the recent weakness of gold against silver, basically saying, silver had been the place to be for folks seeking maximum protection against the general meltdown of public confidence in their governments.

 By bluejay

12/09/2010  5:12PM

Gold $1387.60
Silver $ 28.76

Below is a linked chart from stockcharts.com depicting the recent weakness of gold against silver, basically saying, silver had been the place to be for folks seeking maximum protection against the general meltdown of public confidence in their governments.
 By bluejay

12/07/2010  3:16PM

From Jim Sinclair at http://www.jsmineset.com:

In the News
Posted: Dec 06 2010 By: Jim Sinclair Post Edited: December 6, 2010 at 10:43 pm

Filed under: In The News

My Dear Friends,

Gold is clearly on its way to $1,650 and beyond. I have told you for many years that there was no PRACTICAL solution to the problems created by OTC derivative manufacturers and distributors namely our beloved “banksters.”

By practical I meant a solution that itself would not cause more dislocations than the problem to which it was applied already has. Now you see political realities both in taxation and quantitative easing.

Friends, there is no practical way out of this problem – none. We are going to inflate and spend as the entire Western world financial/political managers again try to kick the can further down the road.

No further proof is required.


 By bluejay

12/07/2010  1:40PM

Gold $1398.10 OFF $26.50
Silver $28.51 OGG $ 1.57

Government carpet bombing of gold and silver today has sent both metals lower. This is no less than a scare tactic. It wouldn't surprise close followers of these markets if the disinformation dial gets abruptly turned up to support these shenanigans.

Can you imagine, selling crate loads of paper contracts(??) trying to make people believe they are just as good as the real thing? What a joke! Just try and take delivery and the Comex boys do everything to dissaude you. Just ask Mike. He had an associate that went through the Comex meat grinder when he wanted his gold. The Comex boys, basically, told him to go stick-it. What a joke!

What we're probably witnessing today is a scared and freightened Fed and Treasury shooting the messenger that is telling us, these guys don't know what they're doing.
 By bluejay

12/05/2010  5:37PM

Gold $1410.90 OFF $3.60

Ben Bernanke has just finished speaking on 60 Minutes back East. For us on the West Coast the buffoon will be coming on TV in a few hours.

Ben has, probably, by himself destroyed more of our wealth with all of his free hand-outs to his Lords, the international bankers, than any other person in the World's history. If anyone believes anything that comes out of his forked tongued mouth, you are in dire need of some serious education.
 By bluejay

12/04/2010  2:09PM

The following are comments by James Turk who has been correct in his gold and silver predictions, many times. His comments were aired on kingworldnews.com with Eric King hosting last week.

“The market in silver is very tight, it hasn’t loosened up at all. The takedown we discussed in a previous interview that was an attempt to shake out strong hands in the silver market did not work. We actually had an increase in demand into that decline.

We may test support one more time, but there is enough of a base that has been built, it is strong enough to launch it. So you don’t need one more dip. The next upleg will begin with a break above $30 on silver and that should take place in short order.

The gold/silver ratio is once again below 50, that is a bullish indicator. When we take out the low of 48.70, silver should be trading above the previous high of roughly $29.30. Silver would then be leading which I really like to see.”

Gold also appears ready to launch, despite pulling back to even on the day. What are your thoughts on gold?

“Gold is taking a little longer to develop because it had several days of trading above $1,400, so some short-term resistance built up there. But I like what the gold chart is doing, it is creating enough of a base to power through that minor resistance level.

The bottom line is that I expect silver to take out its high, to be followed by gold hitting new highs a day or two later. It is important that gold confirms the new high in silver so that both metals are trading in synch with each other in new high territory.

By the way Eric, I like very much what the gold stocks are doing here today. We are seeing some real strength which suggests higher prices in not only the mining stocks, but also in the precious metals as well.

What we should see is the XAU which has already confirmed, followed by a confirmation of new highs on the HUI as well. You know my view has been that the new bull market in the mining stocks began when the XAU made a new high above 206 back in October.

Just to be clear, going forward we should expect extremely bullish activity in the mining shares.”

The comments at the end by Turk remind me of Jim Sinclair’s statement that people should hold on to their book (positions) right now. In secular bull markets, it is a huge mistake to lose your position. At the same time it is very difficult for individuals to hold on all the way to the mania. As Richard Russell often says, “Very few human beings are able to hold for the duration of a bull market.”
 By bluejay

12/03/2010  11:43PM

Gold $1414.50
Silver $29.38

Something is seriously wrong in the world with derivatives and debt and gold is yelling loudly to be prepared.

From http://www.jsmineset.com:

Jim Sinclair’s Commentary

You know what respect I have for Martin Armstrong as a broad market trend timer.

He is simply the best in modern times. Yes, he is a tad self-destructive but that does not detract from his genius. I have known MartinArmstrong since the late 60s and have yet to see him seriously wrong.

In Martin Armstrong’s last writing he said the following about gold. His history of accuracy demands that we all listen carefully to him, myself included.

“I have given a number for gold $5,000 that is very conservative. If we take U.S. gold reserves at 252 million ounces and we divide that amount into the national debt of 14 trillion that yields a staggering amount of $53,639 per ounce. Even taking the world official gold reserves divided into the US debt of 14 trillion we still get $15,873 per ounce.”

This makes my eight year price objective of $1,650 in January of 2011 look pitifully on the low side. Assuming Armstrong is right (as he has been for 40 years), the shorts of gold and gold shares are going to be destroyed.
 By bluejay

12/02/2010  11:15PM

Gold $1391.40
Silver $28.78

As Nobel Prize-winning economist Robert Mundell, 'the father of the Euro,' recently warned, 'We are living in the worst monetary instability in the last 3,000 years.' The prospect for precious metals has seldom been more promising."
 By bluejay

11/30/2010  6:52PM

Gold $1388.30
Silver $28.12

The following are comments on gold and silver from Dan Norcini at http://www.jsmineset.com :

Considering the fact that today is the end of the month and that during such times, many markets that have been in uptrends see some price weakness as traders book profits, gold, and silver for that matter, displayed impressive strength as buyers went to work. One can only suspect that December should start off very well for the fans of both metals based on what we saw today as overhead resistance levels were shattered and both markets appear to have broken out of recent consolidation patterns and look poised to move higher.

If that wasn’t enough, Gold priced in terms of the Japanese Yen made a 27 year high at today. When priced in terms of the British Pound and the Euro, it set new lifetime highs respectively. It also is within a few francs of setting a lifetime high in terms of the Swiss Franc.

Clearly unrest regarding the sovereign debt crises of some of the Euro nations is bringing strong demand from the continent into gold and silver for that matter as silver made a new record high when priced in terms of the Euro.

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