G0ldfinger

Gold $8,500, silver $180 by 2017/18? IMHO: No problem at all.

Yes, and my wedding band is gold with palladium (no kidding). As for DJIA:gold - sure, it's there and relevant and notanewmember is spot on with telling us that all of this has been there in 1974-76 and was actually more dramatic then. Given the size of the crisis and of the related delusion, it should be more dramatic now. IMO, these are golden times in terms of loading up on bullion and quality shares. Given where silver is - call me Silverfinger!! P.S.: For every seller since $1,900, there has been a buyer. This crisis has years to go. This is not an end-of-crisis gold plunge, this is a mid-term-the-bozos-are-selling kind of plunge.

If Hugh Hendry gets to buy at $660 in the end, I will have to hand it to him. To much stress for me to gamble like this though. Could have gone wrong in a major way, and we are not there yet and maybe never will get there.

Institutional liquidation - I think that this is an important point. You are a "weak hand" if you need to justify to others irrational things happening in the markets. That's how you become irrational yourself. So, the funds sell into the selling. Fundamentally, the outlook for gold is better than ever. Bernanke's mumblings do not really matter long term. QE is here to stay and it will end in an inflationary catastrophe. But the markets are irrational to the max for now. If gold's behaviour is not enough to prove this, just look at the bond or general stock markets which are all in mega-bubble territory. The damage of the current crisis, which started in 2007, is twofold: (1) Economic damage that we see and feel in the streets. This is like a flood or an earthquake- you see it and feel it, so you react to it. Because it is easy to see and react to, it won't kill Joe Sixpack. This damage feels deflationary right now. This damage is what markets are reacting to right now. (2) Monetary damage in the balance sheets of the central banks and banks. This is like a nuclear meltdown - you don't see it, neither do you smell or feel it. Because it is difficult to comprehend, you do not react to it (or way too slowly even if you have the intellectual means to comprehend it). But it is massive, and it will not go away. This is why Joe Sixpack will get killed by it in the end. This is the damage markets are ignoring right now. Damage (2) is like gravity: it is there and it will win out in the end. Bernanke, Draghi and friends have proven that humanity can defy gravity for a while. No question that they are right on that. But any airplane needs to land in the end. Bernanke and friends have not built the landing strip yet - in fact, they don't even have a proper plan for a landing strip that will not damage the plane fatally. So, that's why I am all in, and I will stick with it. Time is on my side. Oh, and I am not a short term trader.

Here, you can evene choose the exact day: http://www.likeforex...2000&m=01&page=

Do not fear! At $0.01/oz, I will put a floor under this baby, buying the entire world supply! Mwahahahah.

To confiscate bullion, people would first have to own some. Most don't (maybe they did not listen enough to the Pied Piper...). Also, so much easier to give a haircut to electronic bank accounts. Much easier as well to heavily tax property (can't be moved, you recently explained, that's also why it's called an "Immobilie" in German). Gold is possibly too elusive nowadays. And silver will stay under the radar anyway. Call me Silverfinger.

It looks pretty darn crashy to me. In terms of confetti, of course, we can't properly assess the valuation question. http://gold.approximity.com/since2006/UK_House_Prices_RPI-adj.html

I have recently bought at these sub-$30-levels. I will buy all they way down. At $0.00/oz, I will be happy to buy the entire world stock of silver.

Sweet & tragic at the same time. I just wanted to point out that in terms of the U.S. MZM money supply, gold is momentarily as cheap as in the early to mid nineties. In terms of external debt, it is even cheaper (late nineties / close to Brown Brottom). To sum it up: gold is insanely cheap given the state of the financial world. http://gold.approxim...m_Price_LOG.png http://gold.approxim...m_Price_LOG.png

http://gold.approximity.com/gold_charts.html

Now that even Bubb has finally turned into a devout follower of his "Pied Piper", Bubb's disciples (="us"?) should submit themselves as well. You'll then know what to do.

This might be the last time we have sub-$30 silver this millenium (and the next). Call me Silverfinger!

To chip in on an earlier discussion - I stumbled over this bizzare silver medaillon (from someone's link on the silver thread): http://sdbullion.com...ueen-medallion/

When you look at the long-term charts, it could be a very long time indeed that you would have to hold your platinum. I had similar thoughts in the past, but like chris_ct said: too much industrial interference in this market. What if the global auto industry slumps big time after this paper money flood induced bull trap (if it is one)? However, very long term, platinum below gold seems to always have been a fairly good deal. Now that we're back above the price of gold, maybe there will be a breakout? Personally, I hold none, but I do hold some palladium (see corresponding thread), which quite a while ago seemed even cheaper than platinum. Thread: http://www.greenenergyinvestors.com/index.php?showtopic=3169&st=120

http://www.bloomberg...-inflation.html

No infl.adj. for Yen, sorry. Here is the rest: http://gold.approximity.com/since1930/UK_House_Prices_in_Silver_LOG.html http://gold.approximity.com/since1971/Gold_JPY_LOG.html http://gold.approximity.com/gold-silver_watch.html

Exclusive for GEI readers: The silver price forecast which stems from a regression analysis based on the gold forecasts in http://www.greenenergyinvestors.com/index.php?showtopic=2874&st=29760#entry265717 is 2013-06-24 at $70.69 and 2015-01-29 at $175.38.

http://gold.approxim...old_charts.html Chart of the month (January 2013) They say history does not repeat, but it rhymes sometimes. If, for the purpose of this little column, we assumed that gold price history rhymes from time to time, we would possibly first note, that ever since gold assumed its multi-decade low in 1999 (the infamous Brown Bottom) and then, a year or two later, started its rise in a now more than a decade long bull market, there have been five prominent price spikes: on 2001-05-21 with $288.35, on 2003-02-05 with $385.00, on 2006-05-12 with $725.75, on 2008-03-17 with $1,023.50, and on 2011-09-05 with $1,896.50 (prices are LBM AM Fixings). If we number these price spikes from 1 to 5, we can see that 1 and 2, respectively 3 and 4, are closer to each other. Expressed differently, they seem to come in pairs. Further more, the rise within the pairs (1 to 2 and 3 to 4) was 34% and 41%, while from one pair to the next (2 to 3 and 4 to 5), if we assume that the most recent fifth spike belongs to a pair as well, it was 89% and 85%. If we take the middle of these respective moves, and also extrapolate the times between them into the future, we could try and guess what a sixth (second spike in a third pair) and a seventh price spike (first spike in a fourth pair) could look like (see also chart below). Our guess would be 2013-06-24 with $2,603.37 (spike 6) and 2015-01-29 with $4,865.73 (spike 7). So, should you be surprised if you would see a $1,000 move in gold in the first half of 2013? We think you shouldn't. Best wishes for 2013 from the Approximity Gold Team!

http://gold.approximity.com/since1999/LBM_Silver_Turnover.html

Who's right? http://gold.approximity.com/gold-silver_watch.html

Still on target... http://gold.approxim...lver_watch.html http://gold.approximity.com/since1968/UK_House_Prices_RPI-adj.html

I can't see how this won't go to 30:1 or below over the next 4 years. http://gold.approxim...lver_watch.html

Back down to 150oz the average UK home. Still ways to go to the 50oz target. http://gold.approximity.com/gold-silver_watch.html