January 21, 2021 

Gold Enters Major Bull Market


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 By bluejay

09/07/2012  3:24PM

Gold $1735.30 UP $34.00
Silver $33.68 UP $ 0.97

"Gold is truly going to and through $3500. The gold business is the best business to be in." Jim Sinclair

It pays, sooner or later, to have an active program in place for buying gold and silver coins on scary reactions.
 By bluejay

09/05/2012  11:01AM

Gold $1691.30 DOWN $4.90
Silver $32.21 DOWN $0.15

There are always rumors flying around the marketplace concerning where all the physical gold is coming from, especially over the past weeks as gold has moved higher and traded above $1700 for an instant yesterday.

Most likely western nations have been leasing out their gold in increasing numbers as soverign debt problems continue to swell. The only question that might remain is, will they be able to get it back? With paper products representing physical that is certainty not behind these instruments, it seems like a collapse of the paper market and the leasing market could take gold much higher, well beyond most people's imaginations.

The following countries, more than likely, have been buying the leased gold(does the U.S. really have any physical gold left?):

China - Russia – Bangladesh – Philippines – Saudi Arabia – Thailand – Belarus – Venezuela – India – Sri Lanka – Mauritius – Mexico – Bolivia – Colombia – South Korea – Turkey – Kazakhstan – Tajikistan – Serbia – Ukraine – Mongolia – Malta – Greece - Argentina.
 By bluejay

08/30/2012  12:06PM

From Jim Willie:

"Expect a price move toward $1800 very soon. Expect a Silver price move also, as it more clearly has broken out from the year-long consolidation, back over $30/oz. Moves in the two metals could come fast and furious. The Eastern world has consistently been big buyers, but now the Western world is seeking safe haven from the ruin in banks and bonds."
 By bluejay

08/27/2012  11:44AM

The Federal Reserve Is An Impotent Rodent - Gold Prevails

 By bluejay

08/26/2012  12:50PM

Weekly closes

Gold $1670.70 UP $52.70
Silver $30.82 UP $ 2.72

In the later part of the linked Max Keiser's interview below a guest from London states that for the U.S. to pay off its $16 trillion debt with its supposed gold holdings that a price of $60,000 would have to be used.

In 1980 the equilibrium price of $850 would have done it for the same thing with a much lesser amount of debt.

The price of $1670 in the realm of the big picture is by no means expensive.

Gold is your best friend during these troubled times.

Select the "Debt Bomb."
 By bluejay

08/22/2012  8:54PM

Evening metal prices

Gold $1663.20 UP $24.60
Silver $30.17 UP $ 0.84

Pushing through the $1658 area on gold, if it holds, is significant. It is technically significant as well as politically significant. When one considers how many paper obligations were entered into in holding gold down by the bullion banks as many big banks wobbled, it is a wonder gold was able to shake off the paper selling pressure. This action bodes well for more pent up energy being released in higher prices with the bettering of the important $1658 level.

The day is coming when the paper gold market totally implodes for its inability to caugh up physical gold which frankly, does not exist as a basis for those contracts. Paper gold contracts should have never been allowed to affect physical prices. Are there possible suits coming from gold producers who obviously have been robbed?

The bottom line is the bankers are selling paper contracts as they take delivery on the physical metal from physical sellers. In the end, it is speculated, the public will pay the cost of the losses in shorting paper gold while the bankers keep the gains and the physical on the expected appreciation . Why would anyone think it would be any different?
 By bluejay

08/22/2012  11:55AM

Gold $1651.60 UP $13.00
Silver $29.83 UP $ 0.50

Gold for the past few months has been etching out a bottom formation and now appears has gathered enough strength to attack the important $1651 and $1658 resistance areas as it flexes its muscle today. If the metal blasts through these levels it could indicate that expanded financial troubles are upon us. From purely a chart perspective, it is expected than gold and silver may be due for a little resting in here.

Nevertheless, the higher metal prices of the past few weeks should feel great, especially, for those who have a methodical bullion coin purchasing program in effect.
 By bluejay

08/15/2012  6:13PM

More insight into the price suppression of gold and silver by Mike Maloney:

 By bluejay

08/13/2012  8:47AM

World's 10 biggest gold mines:

 By bluejay

08/12/2012  3:04PM

The time is getting short to totally grasp what's ahead.

From Martin Armstrong:

I have never been one to yell fire in a crowded movie. But this is getting absolutely ridiculous. The global economy is in such a tailspin and there is nobody with a solution no less even a hint of what is developing so rapidly before everyone’s eyes, it appears just hopeless to save society.

The HYPERINFLATIONISTS, presume that government will continue to just print, for they cannot see that government is turning aggressive against the people for the bondholders will not tolerate such a policy and demand austerity with higher taxes. This is a Monmouth battle that is being waged and then they fail to grasp that state and local governments cannot print money and are becoming very Draconian raising taxes and prosecuting anything they can to raise money.

The federal governments are not coming to the rescue of state and local because they know they cannot. There are always counter-forces at work that must be balanced. There is a substantial difference in trend between national governments worldwide and state as well as local municipalities. This can only end in real profound collapse.

This is the reason to buy gold – to survive the future.
 By bluejay

08/12/2012  9:04AM

Comments by Bob Rinear as they appeared in Satueday's International Forecaster:

Gold and silver aren't priced by physical supply and demand. Their prices are set totally and wholly by paper trading. Futures. Derivatives. Forward leases. Swaps, Government interventions, etc.

While many roll their eyes and snicker at anyone that suggests that these markets are controlled and manipulated, the fact is that they are and they have been for decades. In Gold there was the "London Gold Pool" of the 60's that set the price at 35 dollars the ounce and bought and leased gold daily to keep that price locked. You can't exhibit a stronger case of "manipulation" than that. In Silver it really began being manipulated by the coinage act in 1965 and President Johnson himself stated that investors shouldn't try and look for gains in silver because the US would "dis-hoard" their stockpile to keep the price down. In other words, our Government via the President of the United States declared flat out that they would manipulate the silver market. It doesn't get much clearer than that.

After the London pool went under, and Central banks and Governments got more technology via communications equipment, the manipulations went from outright "open outcry" to underground. But it was and still is there. Yet not many understand how it works, and thus their attention is diverted in the wrong area. For instance JPM is usually the target of the silver manipulation crowd because on any given day they might be short a third of the entire silver production for a full year. In fact one silver trader Andrew McGuire went to the CFTC and forecasted that a manipulation would occur on a specific day, and "bingo" just like he said, the price moved to the levels he suggested and at the exact time. Obviously it was manipulation. Lawsuits flew. At one time I believe there were more than 4 separate suits about manipulation.

That is why there's so much outrage over a recent Financial Times article that says they are close to shutting down the CFTC investigation into silver manipulation because after 4 years they've not found enough evidence of it. So who's right? Are all the silver traders just nuts and there's really no manipulation? Or...is the CFTC just covering for JPM? Is this an example of the foxes guarding the hen house? Yes and no. They see the manipulation, but they are not allowed to prosecute the perpetrators. Why? Because the perp is the Government.

08/08/2012  9:54AM

Analysts at Goldman Sachs, whose views on commodities are regarded as highly influential, today reiterated their 12-month gold price target of $1,860 an ounce: 'As we expect gold prices will continue to be driven in large measure by the evolution of U.S. real interest rates and with our U.S. economic outlook pointing for continued low levels of U.S. real rates in 2012, we continue to recommend long trading positions.'

Also, broker Credit Suisse raised its 2012 gold price forecast to $1,850 an ounce, saying the metal, as a clear beneficiary of the uncertainty and dislocations in financial markets, has further upside with the crises set to continue.
 By bluejay

07/31/2012  3:00PM

Gold $1614.70 DOWN $7.20
Silver $27.98 DOWN $0.20

The current daily gold chart is linked below:


Gold continues to be within a resting phase. During this period the reaction bottoms have been rising while the 1640 area appeats to be its present resistance level. This pattern has etched out a right ascending triangle. In all probabilities prices should break out through resistance and head higher.

In the meantime, expect continuing attempts by the paper miscreants to effect the market lower with more and more promises based on nothing more than the blind faith by ignorant people for them to deliver physical gold. Once this gig concerning paper versus physical gold is up, the prices that you have been following in past months will in the future be at the lower end of an historical chart that will be displaying its future prices at numbers that will amaze you.

In the futuue, your wealth will be commonly denominated in ounces of gold you physically control with the paper promises only being mentioned in history books as the financial devices that were created by bankers to suppress gold values for their own selfish ends.
 By bluejay

07/26/2012  12:41PM

Gold $1617.00 UP $12.20
Silver $27.55 UP $ 0.21

Jim Willie, again, spells out what's happening today with commercial gold storage and the big banks and it's not pretty.

 By bluejay

07/26/2012  10:54AM

The desire of gold is not for gold. It is for the means of freedom and benefit.
–Ralph Waldo Emerson
 By bluejay

07/20/2012  9:59PM

The following link to an interview on King World News may shock you concerning gold:

 By bluejay

07/19/2012  6:27PM

"One of the best ways to stagnate in the mining industry is to stop exploration"

Rob McEwen
 By bluejay

07/19/2012  6:04PM

Check out the current editorial by Jim Sinclair at jsmineset.com concerning his fired up attitude relating to the out of control crooks in our industry depressing share prices and what he is doing about it and his challenge to us.

Below is a response to the article from a poster at the Canadian Agoracom.com website's forum section:

posted on Jul 19, 12 07:22PM

Gold Industry CEO's should and need to fight back and soon. Another view of the shenanigans!

"Chris Powell, Secretary and Treasurer of the Gold Anti-Trust Action Committee (GATA) told Bernie Lo on CNBC Asia that central banks are continuing to manipulate the gold market as they are interested in supporting government bonds and the dollar and keeping interest rates low While buying as much Gold as they can on any weakness.

Further evidence of rising interest in gold is seen in the fact that due to the increased flow of gold bullion into Switzerland, the most respected depository, Via Mat International, is currently adding capacity to their storage facility. Powell also warns about "paper gold" and says that we "try to persuade investors that if they are purchasing gold, they had better get real gold - the metal. They should not get "paper gold" nor keep it or real gold within the confides of banking system."

He further asserts that "there are huge naked short positions in gold" and estimates that perhaps "75% to 80% of the gold that the world thinks it owns does not exist and is just a claim on a bullion bank that is underwritten basically by the British and American FED's."

Cheers, Mark
 By bluejay

07/17/2012  8:39AM

(Kitco News) - The amount of new gold discovered has not kept up with the current pace of mine output, as the easy-to-reach gold deposits are being depleted, said a mining consultancy group on Tuesday.

From 1997-2011, there have been 99 discoveries of gold deposits containing at least 2 million ounces of the metal, totaling 743 million ounces of gold in reserves, resources and past production as of the end of 2011, said the Metals Economics Group in a research report.

“Assuming a 75% resource-conversion rate and a 90% recovery rate during production, these 99 discoveries could potentially replace only 56% of the estimated gold mined during the same period, if they are economical to mine,” they said in their report,

“Strategies for Gold Reserves Replacement: The Costs of Finding and Acquiring Gold.”
The challenge for producers is “not that there is no gold left, but that all the ‘easy’ gold has been found,” they said.

The total amount of gold in reserves and resources at development-stage projects on a global scale roughly matches current mine production. “However, with increasing risk of political, regulatory, and tax instability in many resource-rich nations, declining grades, rising costs, and dramatically longer development times, the amount of gold available for production in the near term is likely far less than has been found,” they said.
 By bluejay

07/03/2012  9:42AM

Gold $1621.90 UP $25.00
Silver $28.30 UP $ 0.78

For the past few months gold has been etching out a possible short term bottom in the $1530 to $1540 zone. With a last of $1621.90 the metal has vaulted past its 50 day moving average line on the chart at $1601.66, this is all positive. The best case scenario for a possible short term directional change higher would be for gold to stay above the $1600 mark.


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