GOLD

[chazza]

I'm err-ing on the side of we get a small leg up here. Copper and oil breaking out, G:S ratio declining and a bullish correction in stocks.

 

Also, I think the USD may be a due a larger consolidation here. Possibly a wave 2 back to 79.5 area.

 

I expect a test of the upper expanding triangle resistance in the S&P, possibly even the 61.8% fib. Risk trades on.

 

The one doubt in my mind is that the markets have done their job in decreasing the amount of bearishness out there. So a perfect time for the markets to crap out!

[Jake]

Yes, and we both thought it would go down then, no? Instead it rocketed off. With the lower highs recently I'm waiting to see if this time it won't go down.

I'm going to wait till after Easter now. I see the tea leaves as saying one more down in that triangle to under 1100 before knowing if we break out or break down. I get the feeling from the moving averages that we'll go down a bit. Just my feeling though.

[dietcolaaddict]

I'm going to wait till after Easter now. I see the tea leaves as saying one more down in that triangle to under 1100 before knowing if we break out or break down. I get the feeling from the moving averages that we'll go down a bit. Just my feeling though.

 

Silver is leading gold up here. Through that 1115-20 sticky area

[Concrete Jungle]

$1120 taken out

will she hold out?

[electroweak]

apparently there has been a DDOS attack on Eric King's KingWorldNews website, though all appears normal now (don't check it all at once; it may cause a false alarm!). This interview is clearly worrying someone.

http://kingworldnews.com/kingworldnews/Bro...n_Douglass.html

 

[attack] happened soon after the posting of Eric King's half-hour interview with GATA Chairman Bill Murphy, board member Adrian Douglas, and your secretary/treasurer about last week's hearing of the U.S. Commodity Futures Trading Commission.

 

The major Internet hosting company that maintains the King World News site reported to King World News: "Your hosting account is the target of a distributed denial of service attack. To protect the network resources, we have temporarily placed your Web site behind a network filter. Once the attack has ended, service will be restored to normal. [some] Computers were attacking your account."

[Compounded]

I don't think they will confiscate this time around: they will tax the living daylights out of your 'profits'. Look for a 50% capital gains tax on the proceeds of PM's. Gold holders will be as popular as bankers in the mainstream media. Whether you physically own it or not, they will 'confiscate' it from you at the point of sale.

 

Confiscation means they make you sell at an official cheap price, which is not very different to giving you the real price with some special tax on the "windfall"

 

Virtually all my gold is in my goldmoney SIPP pension; I wonder what they will do with gold in pensions?

[jerpy]

After a year-long delay caused by C$15 million in missing gold, the Royal Canadian Mint's 2008 annual report has finally been made public revealed a 266% increase in bullion and refinery revenues to C$1.04 billion.

 

Reason for the delay..

 

A precious metal count conducted by the mint in October 2008 revealed an unreconciled difference of 17,500 ounces, representing 0.3% of the mint's refinery throughput for that physical year.

 

The Royal Canadian Mounted Police conducted its own independent investigation, determining there was no need to continue a criminal investigation into the matter.

 

http://www.proactiveinvestors.com/companie...-2008-5076.html

 

17,500 divide by

[njpurser]

Your next move, Mr. Gold?

 

 

A tiny rise may be signalling a major breakout has started.

 

We are at a similar moment to when India bought gold back on Nov. 4th

Is this money coming out of Greece-there is a full blown run-going into gold?

 

Next week's default will push it up again.

 

Nick

[Kent]

Is this money coming out of Greece-there is a full blown run-going into gold?

 

Next week's default will push it up again.

 

Nick

 

South African Government calls for calm after the murder of Terre'Blanche

 

From: http://www.youtube.com/watch?v=0S_dcmKk3qk

[Jake]

Terreblanche lived by the sword and died by... being hacked to death. I won't shed any tears for him.

[romans holiday]

 

 

http://www.marketoracle.co.uk/Article18278.html

Everyone is aware of the problems in Europe with Greece, Portugal and a host of yet to be named countries. We all know that the huge amount of money being printed, coupled with the bank failures abroad contribute to the dollars declining value. These events, in conjunction with the American governments actions, also contribute to the devaluation of the dollar. The government claims that this is beneficial to exports, but the bottom line is that the purchasing power of the American dollar continues to erode in world markets.

 

Based on the declining value of world currency against gold you might ask- why isnt gold trading at $2,000 or even $3,000 an ounce? What is wrong with this market? This is because a great deal of what goes into the gold market is psychological and reacts to cyclic trends driven by both psychological and economic factors.

 

So what does all this have to do with the price of gold now? It has everything to do with gold and nothing to do with gold.

 

Here is what I've been able to observe in the last several years in gold and seems to be holding true. It is something that you should pay attention to if you're interested in the next big move in the gold market.

...

Before gold can move higher it needs to create what I call an "energy field". The most recent energy fields in gold were between May 12, 2006 and September 20, 2007. This 17 month energy field saw gold prices oscillate between a broad trading range bound by $730.08 (upside) and $541.80 (downside). That energy field produced enough power to propel gold to the new high of $1,012.40 on March 17, 2008. This marked the first time gold exceeded, in dollar terms, the highs set in the early 80s mentioned earlier.

 

The energy fields I have observed for gold are taking somewhere between 17 and 18 months to complete. If the energy field holds, then the December 3rd 2009 high of $1,226.37 should remain in place for quite some time. If the same cycle remains true then the recent lows that we witnessed, at $1,050, should also remain intact as they represent the 15 to 16 month cycle low.

 

With the lows in place the next question becomes when is the next cyclical high in gold? Based on the existing cycle, we can expect the next major gold high in 2011.

 

To summarize: I expect gold to be locked in a broad trading range for the next 12 months bounded by the December 09 highs of 1,226.37 and the lows of $1,050.00. If the gold cycle holds true, we expect that gold tops the $1,226.37 marker by April or May of 2011.

 

On the on the upside we will also be looking for gold to make a nature cyclic high in October or November of 2011. It's impossible to predict the future with any degree of accuracy; however when we look at the cycles in gold this reads as a pretty good bet.

 

 

[Pixel8r]

I expect gold to continue on it's breakout of the inverse head and shoulders to a target of $1350-$1400 over the next few months.

 

[Nigel Watson]

apparently there has been a DDOS attack on Eric King's KingWorldNews website, though all appears normal now (don't check it all at once; it may cause a false alarm!). This interview is clearly worrying someone.

http://kingworldnews.com/kingworldnews/Bro...n_Douglass.html

 

 

Who has listened to this?

 

It's explosive.

 

Would it be wise to add to your gold holdings on the basis of this information?

[Kent]

Terreblanche lived by the sword and died by... being hacked to death. I won't shed any tears for him.

 

 

I don't care for Terre'Blanche (White Earth) either, but there are concerns for what has happened could have reprocusions in South Africa.

[Catflap]

The mania phase is a long way off

 

From: http://www.youtube.com/watch?v=Gk5aRIz17fk

 

[warpig]

I hope everyone with an interest in gold/silver.

 

Isn't it just! I fail to see how anyone can disbute that the gold/silver markets are manuipulated after AM's statement was recited to the CFTC, it is now a fact!

 

Of course it would... why on earth wouldn't it?

 

BTW - Mods, can you split April's posts off in to an April Gold thread please?

 

Who has listened to this?

 

It's explosive.

 

Would it be wise to add to your gold holdings on the basis of this information?

[Steve Netwriter]

Who has listened to this?

 

It's explosive.

 

Would it be wise to add to your gold holdings on the basis of this information?

 

I have and all the other interviews by Eric recently. He's doing a fantastic job. I thought the GATA interview was the best one.

 

 

[Jake]

Who has listened to this?

 

It's explosive.

 

Would it be wise to add to your gold holdings on the basis of this information?

The Bill Murphy total news BLACKOUT is kinda worrying. Is this really the way our society functions? I don't want to believe it but...

On grounds of National Security I suppose they can do anything. (Actually I didn't understand this point very well. Why is levergae of 100:1 and the possible run on COMEX a matter of national security and grounds to have a news blackout?)

[romans holiday]

Well, some were calling for a decline to 3 digits while others were looking for gold to go to new heights. Looks like the April fools was on most as gold has consolidated in the "no-mans land" of 1100.

 

Gold looks to be at a crossroads here..... will it rocket, consolidate, or track sideways this month.....

 

 

 

Link to last month's thread:

http://www.greenenergyinvestors.com/index....st&p=161426

[romans holiday]

Link to April's thread:

 

http://www.greenenergyinvestors.com/index....st&p=161454

[warpig]

It depends on your local currency. We're still very close to the all time highs in GBP, CHF + JPY and gold is at an all time high in the EUR. CAD and AUD are showing signs of a stronger currency, but nonetheless the trend is still up and I personally expect it to continue to climb. Seasonality is out of the window IMO, there are too many contrary factors that offset this movement for all currencies. likewise, I do not expect the dollar to rise significantly from here, it seems to have been range bound for the last 3 months.

 

Well, some were calling for a decline to 3 digits while others were looking for gold to go to new heights. Looks like the April fools was on everyone as gold has consolidated in the "no-mans land" of 1100. Gold looks to be at a crossroads here..... will it rocket, consolidate, or track sideways this month.....

[romans holiday]

It depends on your local currency. We're still very close to the all time highs in GBP, CHF + JPY and gold is at an all time high in the EUR. CAD and AUD are showing signs of a stronger currency, but nonetheless the trend is still up and I personally expect it to continue to climb. Seasonality is out of the window IMO, there are too many contrary factors that offset this movement for all currencies. likewise, I do not expect the dollar to rise significantly from here, it seems to have been range bound for the last 3 months.

All too true. I tend to focus on the US dollar price of gold because I see it as the centre piece of the global currency system we use. It didn't mean much to me when gold rocketed up to $2000 in the NZ dollar price [my native currency] a while back [now at 1600 or so] because it was only reflecting a weakened currency due to international capital flow.

 

Even though I still suspect 3 digit prices this year, I'm buying a little each month [with US dollars].... no certainties and all that... while also maintaining a reserve.

 

Looking at the dollar on a chart, the trend, on the face of it, looks up. I don't think this is necessarily gold negative as gold and the dollar could well both strengthen together for a period of time.

[tinecu]

James Turk on 'squeezing the naked shorts'...

 

http://www.fgmr.com/new-dynamic-in-the-gold-market.html

[50sQuiff]

Is it de rigueur on GEI to post pictures of rockets? I'll show some restraint for now, but this is looking like a mini-moonshot. Gold just can't help spiking whenever I'm about to make my monthly gold purchase. If anyone would like to know the date and time in advance, there's an opportunity for a nice arbitrage play on my misfortune.

 

Damn this bank holiday weekend for slowing down my bank transfer to GoldMoney..

[Kent]

Well, some were calling for a decline to 3 digits while others were looking for gold to go to new heights. Looks like the April fools was on most as gold has consolidated in the "no-mans land" of 1100.

 

Gold looks to be at a crossroads here..... will it rocket, consolidate, or track sideways this month.....

 

Link to last month's thread:

http://www.greenenergyinvestors.com/index....st&p=161426

 

 

I read this last week in a MoneyMorning by Dominic Frisby whch was the decider for me in which way the market will go.

 

But for now, my spring target of $1,400 looks like it was, well, a little optimistic.

http://www.moneyweek.com/investments/preci...rice-01306.aspx

 

We all know that Dominic is a long term gold bull, but given those remarks and from what I have read by him in the past and what has happended, $1,400 gold is now a goer.