July 5, 2022 

Gold Enters Major Bull Market


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 By bluejay

04/02/2010  6:14PM

If You Are Not Committed To Gold and Silver, You Are In More Trouble Than You Think.

Select GATA March 31, 2010 for all the information if the link below doesn't come up from King World News.

The imbalance between physical gold and silver and what paper contracts say is there, ????, is the greatest in the history of the world and is presumed to worsen until the bubble from all the years of perpetuated fraud explodes.

According to Bill Murphy, there is a slow fuse burning.

 By bluejay

03/24/2010  2:03PM

Gold is off $16.90 at $1085.90. The dollar is benefiting from weakness spilling over into the Euro and the Pound which are both breaking below short term support levels today.

The volatility in the currency markets as a result of growing sovereign debt is expected to increase. Today it's all about putting funds into the dollar while withdrawing them out of western European currencies for safety. Safety?

Most currencies will eventually be unable to escape the coming contagion of debt default and all are expected to go south against gold in due course. It's just a matter of time.

In the meantime, gold suffers a little as the dollar is the prettiest girl at the dance in the eyes of currency traders and institutions as it remains, for the most part, the world's reserve currency.

I've been going over a 10 year chart of gold. What I see is that smart money is entering the precious metal each time it approaches its 40 week average, or the 200 day moving average line. With the exception of the banker's raid on gold and silver in 2008, all have been perfectly timed. The 40 week average currently stands at 1045.72.

If I were operating China's unannounced gold buying program, I would have been buying all day and looking forward to lower prices for the rest of the week and beyond. Whether they get their wish at these levels down to about $1046 is anyone's guess.

Martin Armstrong has stated beginning next month through October of this year gold will be strong. Mr. Armstrong has a track record that surpasses the great majority of market followers. I guess we'll find out soon enough if he can do it again.
 By bluejay

03/15/2010  10:39PM

Last on gold is $1111.90.

Idaho Bill Permits State Taxes Be Paid With Silver

By The Associated Press 03/15/10 - 02:48 PM EDT

BOISE, Idaho (AP) ¬ó Idaho lawmakers are backing a plan that would allow state tax bills to be paid down with silver medallions instead of cash.

The bill approved Monday is intended to encourage the use of silver as a form of currency and reinvigorate Idaho's silver mining industry, which has been in decline for decades.

Athol Republican Rep. Phil Hart told the House State Affairs Committee that consumers should rely less on money printed by the federal government because inflation will diminish its value. His bill reignites a long-standing debate about the value of paper money not backed by commodities.

Hart's measure also includes tax breaks for any company that agrees to process silver ore for the medallions.

Lawmakers in Georgia considered allowing citizens to pay taxes with gold and silver last year.
 By bluejay

03/15/2010  2:57PM

Last on gold is $1108.80. Is the recent price activity in the general 1100 area etching out enough support as a base in preparation for a new intermediate move higher or do we have to wait a little longer? Remember, playing the waiting game in any major bull market is the same as watching its battery getting recharged for its next expected energy burst forward.

Years ago when gold traded higher above its very long term declining 5000 day moving average line in 2002 or so at around $350, it was acknowledged here that the tide had turned. Nothing is yet seen on the horizon that would even slightly indicate that this bull has terminally exhausted itself, contrary to what George Soros said about gold being in a bubble. What is quite clear is that this monster of a bull market has many more charges left in it that will span years ahead of us.

Got your gold? In addition, it may be added that holding pre-1965 silver coins is an excellent idea as well. If our fiat currency is no longer accepted for one reason or the other and since no other world reserve currency exists currently, silver coins will regain their past status as the people's currency.

China is collecting "in ground" precious metals along with copper hoping the markets remain tame while they methodically exchange their reserve currency dollar holdings. The Chinese are sly liquidators of dollars while at the same time they publicly support the currency and demean gold from some official circles.

The major problem for dollar holders is that the current exit point is very small and any pushing at this portal would cause a dam collape of historical proportions resulting in painful losses.

Words from Doug Casey concerning fiat currencies and the building debt behind them:

"A guy stuck with a dead manís IOU has nothing."

Fiat currecies come and go on a regular basis without one ever induring the test of time. On the other side of the coin, gold is eternal.

Think it can't happen here, think again.
 By bluejay

03/12/2010  10:04AM

Gold is below $1100.00 at $1099.30. What does today's weakness mean? According to John Williams at shadowstats.com in Oakland and close believers of him around the world, it means nothing.

John in February of this year said, it doesn't make any difference - in where gold is headed - if you are paying $700 or $2000 an ounce for it today.

The following is from Mike Maloney's Gold and Silver Report on March 9, 2010:

This money(speaking of extremely high inflation rates in Argentina, Bolivia and Brazil during the 80's) creation is unprecedented in the United States and shows no sign of slowing down. It may be new to us, but people from other countries can tell you from first-hand experience how it will turn out.

How many times do governments have to reprove that the formula of:

Slowing economy + increased currency creation does not equal long term prosperity for the country?

When this has happened in other countries there have been many losers, but the positive part of this equation is that there are also some individuals and families that win big with life changing wealth. Those who understand what is happening and take action, not only protect themselves but massively prosper in the final equation.

Mike Maloney - Rich Dad's Guide to Investing in Gold and Silver:

Gold and silver have revalued themselves throughout the centuries and called on fiat paper to account for itself. In doing so, gold and silver bring fraudulent money to justice. They've always done this, and they always will.

Once again, the accounting has begun, and it will not stop until the full accounting is completed.

The resounding answer we have come up with for ourselves and our families is holding physical precious metals either directly or in storage.

Examples in these other countries show that when this debasement of the currency happens there is a massive wealth transfer from those that hold the depreciating paper assets to those holding items of intrinsic value.

Are you ready?
 By bluejay

03/03/2010  3:44PM

Last on gold is $1139.60.

One very good reason for holding gold is the mistrust of the hired-hands, supposedly, who are safeguarding our welfare.

For a real eye-opener on what has been done to us and what continues, check out the attached article.

 By bluejay

03/02/2010  2:19PM

Last on gold is $1134.50. From a chart interpretation, gold has completed its recent weak spell that began soon after it passed $1200 in the beginning of December.

The $1300 to $1350 area seems reasonable to expect for an upcoming intermediate high point. If this range is bettered in the next three months or so, gold could well enter a ran-away phase like it did in 1979.

Don't forget silver, it will join in with gold's strength, possibly, to a much greater degree. Although gold continues to outperform it, this can all abruptly change if the precious metal's market gets hot.

Pre-1965 US coinage of dimes, quarters and halves is a sector of investment that continues to look quite attractive. Accomplished folks that I know who began their purchase program of these coins when silver was above $6, still continue to add to their hoard.

eBay continues to be the most competitive market for prospective buyers with an interest in these items. If payment is made through Pay-Pal your purchase is guaranteed.
 By bluejay

02/19/2010  1:05PM

Gold rallied today to a last of $1115.50 from just below $1100 following the increase in the discount rate that intially took it lower. Demand for gold in the $1080 to $1100 area appears preparing the metal for another thrust higher in the weeks ahead.

Dr. Jeffrey Lewis reported in kitco.com, http://www.kitco.com/ind/Lewis/feb172010.html that "COMEX has systematically created an even bigger problem for investors. The exchange allows investors to make good on their future positions with gold and silver ETF's rather than real assets, thus opening up the door for hugely distorted market prices."

First, the COMEX isn't referring to investors, they are referring to the likes of the big bullion banks like J.P. Morgan and Golden Sachs. When have you ever heard of an investor defined as someone who naked shorts gold and silver contracts? What a joke!

Physical gold and silver are disappearing from the market place, clear and simple. Basically the COMEX is saying, you can still bet on silver and gold prices but you can't take delivery and walk away with the specie.

Jim Willie has repeatedly warned that there is a growing physical gold delivery problem in London with some large Chinese interests boiling mad enough to employ an army of lawyers and auditors to retrieve their gold.

The fiat currency managers by the actions of COMEX are saying, we'll control the metal prices and prevent you from taking physical delivery but you can still play the game in our unbacked fiats.

The handwriting is on the wall for those willing to see it, the physical supply of gold and silver is running out. You better get your share before the supply channels start drying up.

COMEX's message is quite clear, the big gold and silver shorts are close to default. The bending of the delivery rules is just another bail out for these sociopaths. The CFTC should close this crooked exchange.
 By Dave I.

02/18/2010  6:00PM

The derivative market was the high lighted on "Front Line" of P.B.S. and the high flying free market. This is still a mysterious market, that was using the housing bubble to back their debt. the whole house of cards imploded just like the fall of the stock market in 1929, except bigger.
It was a time bomb that could have happened 10 to 20 years ago. The federal reserve was basically responsible for it. The Commodities market director was aware of it, but ham strung by the banking industry and the federal Reserve to stop the regulating of it.
Do not fear, time will heal all. Yes we will all have to pay for it. Life will go on. We will all figure out how to make a living or die trying.
Our nation is the bread basket of the world, so food should get cheaper. Housing will get cheaper. Retirement may become a lost cause, because the investment of that security went broke. We are a strong people,we will survive.
With out regulation of this derivative market, fraud and corruption ran out of control. We pay for it now.
 By bluejay

02/18/2010  1:55PM

Last on gold is $1121.50(now $1110.40) after trading under $1100 twice last night. Weakness developed soon after the close of the market in NY yesterday when the IMF, in an e-mail announcement, said that it would be selling the last of the 403.3 tons of gold, 191.3 tons, on the open market. This will never happen in the open market as it is against the IMF charter, conducting auctions would be more like it.

Releasing this information after NY hours would indicate an attempt to use black magic in order to get gold as low as possible in an illiquid market.

Unfortunately for the cabal, it was a dud. Just like when George Soros stated that gold was in a bubble in January. It turns out that since the Soros' statement he actually has been buying gold for his own hedge fund.


We are in the age of manipulation and extreme greed. Getting the Federal Reserve Act of 1913 passed bordered on another form of manipulation, this time by the bankers and not a hedge fund.

The Act was approved during the Christmas Holiday. The crucial vote came in the Senate on December 23, 1913, 68 members were in attendance while 27 were no-shows. The final vote for passage was 43 yeas to 25 nays. One wonders, how many of the yeas were bought and paid for by the big New York bankers?

The bankers had long planned for this privately owned central bank to subsidize them beginning with their infamous secret Jeckyll Island meeting that begun in November of 1910.


A quote from Robert Kiyosaki would seem appropriate here:

"This(Jeckyll Island get-together) is a murder mystery about the financial murder of the middle class."

Anyone who has ever read Ferdinand Lips' book, Gold Wars, is not surprised at what length the masters of fiat run currencies will do to support the continuing acceptance of those unbacked paper promises assisting the bankers in keeping us indebted to them as they both debase our wealth.

Gold is our only ally now as the real estate market has topped out for the long term, according to Martin Armstrong.

Armstrong also states, "the bottom comes in 13 years." This continuing real estate collapse is far more serious than we are being told. Las Vegas and Reno continue to be hard hit with little hope in sight. My son predicts that in the future a person will be able to purchase an average sized home in Nevada or Florida for one ounce of gold.

The only home values that I am aware of that have bottomed out are in Detroit. About 1/10th of a ounce will buy you a handful of homes. Check it out, go to realtor.com.
 By bluejay

02/16/2010  12:43PM

Gold is higher today at $1119.40.

The following linked interview between Eric King and Jim Sinclair is about 45 minutes of the most priceless listening time you may ever spend.


The financial sociopaths and serial bullies are just beginning to feel the wrath of the people they are attempting to destroy as the following news release suggests:


Tuesday, February 16, 2010

ATHENS, Greece (AP) - Police in the Greek capital say a bomb has exploded at the offices of American financial services firm JPMorgan Chase & Co., causing no injuries.
The blast occurred early evening Tuesday in an upscale area of central Athens, following a warning telephone call to an Athens newspaper.
The extent of the damage was not immediately clear. 161811 feb 10GMT
 By bluejay

02/13/2010  11:23PM

China's Pressing Need To Buy More Gold.

This is an excellent article from December 29, 2009.

 By bluejay

02/07/2010  1:41PM

In speaking of buying gold coins on reactions in the past it was thought that folks knew where to go and get them. This may or not not be the case.

In past dealings of mine, and friends and relatives I have become aware of some outstanding sources for gold and silver coins:




In regards to ebay.com purchases have always been made from the top rated sellers using paypal. When using paypal all purchases are insured.

Numismatic coins can be purchased either professionally graded or not. I prefer some part of my coin's position to be in these graded coins as there is never a doubt to the condition of them and in the future can be sold sight unseen. The coins are slabbed in hard plastic with the grader's identification on it as well as the grade. The highest grade is MS 70 which is basically a flawless coin and carries the highest value in the series of MS ratings.

If anyone has an interest concerning the process of grading coins at PCGS which is my favorite there is a five minute video available from http://www.golddealer.com. When you get to the site go to "U.S. gold and silver PCGS certified." Next select either high bandwidth(Cable/DSL) or low bandwidth(Dial Up).

For simplicity purposes within the current bull market in gold I prefer to scale down coin purchases from the lower half of the ascending up trendline channel. To make purchases easy and methodical in the days and weeks ahead for those with an interest, lets just take the current range in round numbers in the channel from 900 to 1200 as a starting point to arrive at the median level, 1050.

At $20 lower intervals or so from 1050 you would purchase your selected coin varieties from the above mentioned sources or your own sources. Of the people I speak to, they hold 70% in gold and silver bullion coins and the balance in certified coins of their allotted percentage in their portfolio for coins.

For folks who do not like to store the bullion coins an excellent alternative is in buying and having certificates delivered to you of Central Fund of Canada(CEF-ASE). Of all the Exchange traded funds, IMO, this is the most secure. CEF holds 50% gold and 50% silver bullion in secure Canadian vaults.

I am not at all convinced that the current short term move lower in both gold and silver is over quite yet. As the earlier supplied article from Jim Willie states the current market weakness is being driven by paper gold sellers who don't necessarily have the physical metal but who are, anyway, affecting the physical price.

Mr. Willie states that this current weakness is an opportunity for physical buyers with the total collapse of the world's paper gold markets pending as he convincingly made his case for.
 By bluejay

02/05/2010  3:04PM

Gold closed on a strong daily note at $1065.00 rallying from an earlier low at $1042.50.

The following linked article by Jim Willie goes into the structural breakdown of the gold market in detail which may shock you:

 By bluejay

02/05/2010  10:30AM

Gold has become weaker faster than expected as it is now off $14.10 for the day at $1049.10, breaking short term support at $1060.

There is no question that the cartel wants the metal under $1000. They have succeeded in freightening the market which is one of their onerous trademarks. Manipulating the dollar higher makes the weakness more justified in the minds of market followers but it's the gold they want lower, not the dollar higher. Just because Euroland has their troubles the dollar is now the currency of choice? The fact of the matter is that all fiat currencies will erode in value against gold and this present playing off one currency against the other is just child's play when weighing in some serious consideration for real wealth preservation with gold.

The following linked video clearly states the case why the dollar will fall in value against gold when some day over the next five years it will take 15,000 dollars to buy one ounce of gold.

Continue buying and holding gold, it is your family's insurance policy against planned government mistakes that are more than likely being orchestrated by the owner of half the world's wealth from across the Atlantic.

 By bluejay

02/03/2010  11:35AM

The following is an addendum to the previous comments:

It wouldn't be a surprise if the cartel has a plan to jerk our chains with further paper selling in gold and silver along with the related shares in the weeks ahead. Over the short term if the $1060 level on gold gives way they will be successful in stirring up our nerves again like they did back in the later part of 2008 when a few U.S. banks tore into the precious metal's prices with a flood of paper product sell orders.

Recent bullish chart patterns of the Gold/XAU and the Gold/Silver ratios indicate that not only will gold be weak in the short term ahead but that suspected down leverage will be extended more to the related shares along with silver. When these ratios are bullish they actually represent bearishness. It's almost like when a bond is advancing it actually relates to a bearish trend of a lower expected interest rate return for current buyers.

It's the opinion here that plans should be in place to take advantage of weakness in gold if the $1000 level gets cracked. Any forced sell-off in gold only goes to show how desperate the fumbling fools in Washington have become as is supported by the growing numbers of folks who have become anti-government.
 By bluejay

02/03/2010  10:39AM

Last on gold is $1110.50 after hitting a high of $1125.80 in Hong Kong last night as the metal continues to gyrate around its median price within its bull market channel formation at about $1112. Gold's last sale is neither over-bought nor over-sold within this major ascending trend.

Currently, the top of the channel is at $1250 and the bottom of it at $975 are well entrenched and continue to direct the metal higher into the future as it continues to recover from a recent speed bump at $1225 in December.
 By bluejay

02/01/2010  12:59PM

The last on gold is $1105.50.

The following link provides perspective from Rick Ackerman concerning gold's weakness encouraged by the fiat currency lovers:

 By bluejay

01/30/2010  1:46PM

Gold closed out the week at $1080.20.

The battle against gold by the cartel is starting to intensify. Since CNNMoney.com early last week put out an article that predicted $500 gold, Nouriel Roubini is stating that $1500 and $2000 gold projections by experts are non-sense.

One just has to look into Mr. Roubini's past to see who he's been rubbing elbows with to get an idea what side of the fence he is on.

The following is an excerpt from Wikipedia concerning Mr. Roubini:

After receiving BA in political economics at Bocconi University and doctorate in international economics at Harvard University, he began academic research and policy making by teaching at Yale while also spending time at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel. Much of his early studies focused on emerging markets. During the administration of President Bill Clinton, he was a senior economist for the Council of Economic Advisers, later moving to the United States Treasury Department as a senior adviser to Timothy Geithner, who is now Treasury Secretary.

We live in a cruel world of thievery, injustice and moral decay and now the ones with political connections tell us gold is not for us.

Is there any wonder why the government put one of the most brilliant minds in the world, Martin Armstrong, in jail? Believe what you must, I prefer to be educated by the prodigies and not the white shoed boys from Harvard and Yale.
 By bluejay

01/29/2010  1:43AM

Last on gold tonight is $1083.60 following a low of $1073 earlier in the day in NY.

It's quite apparent that pressure is being exerted on gold's price at and around the $1100 area. As this selling continues the media whores along with a big investor are talking this market lower by pointing out that gold's recent strength represents a bubble ready to pop.

Isn't it interesting that the press reports bad mouthing gold is never balanced with positive comments? Now George Soros says, in so many words, that gold is coming down. Soros trades the US dollar and one can easily speculate with these negative comments on gold that he is long the dollar. Soros has had a keen interest in holding gold shares in the past. Is Soros short gold and worried at current levels or is he looking to buy the bullion lower along with the related shares????

Since his comments were made today at Davos 2010, expect some follow through in gold selling from folks who find themselves in a state of confusion or not being dynamic in their understanding of monetary science.

Another linked article below from CNNMoney.com from the 25th of the month is a real laugher: Some non-gold-expert who writes for Fortune Magazine predicts that the price of gold is headed to $500 in two years. This forecast may turn out to be the worst of all-time, beating the Boston Globe's stated position that buying the metal back in the early 90's at just above $300 was, basically, risky and a bad idea.




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