Billy

Hi Dr B, I don't get your general analysis at all. I think it is VERY dangerous, especially for newbies. Let's look at this logically. 1. Do you believe we are in new territory, with an ongoing systemic banking collapse? My proof is here - (varying according to whim - say from 1 -10 on any scale you might imagine? 1 being Northern Rock, from a UK perspective, add up the scale for Carlyle and Bear Stearns - add in all the (IMO confirmed) rumours of other dead banks ... GS and many many other banks worldwide, all trying to hide their bankruptcies until aboslutely FORCED too - you will notice for example with BS (how appropriate) that they LIED at circa 170 until their stock went to ZERO- they lied, all the corporate banks lie, take it as given. If you DO believe in 1 (above), then your analysis is wrong. Gold cannot and will not correct back during any time this year to any prior seasonal norm. The only way it can correct back to an artificial number is through fraud and illegal manipulation of the markets. 2. If you DON'T believe we are in new territory, then your rather lazy prognostications of 850 or 930 as per seasonal 'norms' make sense.

Thank you wren! Most moving.

http://www.kitco.com/charts/livegold.html Still 30 dollars +++ off, yes, I said THIRTY +++ ....... still showing 1002 when it is almost 30 more +++ ... It ALWAYS cracks me up that arch gold-basher Kitco (No-gonads Nadler) is ALWAYS a dollar short and a day late when gold is on a tear. :blink:

Whoa!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Billy checking in Had a major operation on my right foot courtesy of the wonderful UK national health service, out of commish for 2 weeks or so, cannot say enough how brilliant the nurses and doctors/surgeons were... ) Week or 2 away from the puter and all the madness sure puts into perspective what is important and what is not... Last time I looked it was 'bout 970, after day 6 in the hospital I hobbled down to the newsagents and The Times had a major headline 'Gold hits $1,000 as investors seek safety' blag blag blag ... I thought it was VERY important, a sign for sure, as it is the first time in maybe 30-40 years we have seen such a headline in the establishment press, even the Sun had a gold at + 1000 bux snip on page 4 or 6, so this is important in that it signals (to me, at any rate) that we are in new territory and the establishment simply cannot cover up what us happening. Now gold is 1020 and silver is almost 21 - happy daze! Greetings to all! Billy

I can quite easily see $5,000. We are in uncharted waters with the possibility of systemic financial collapse - frankly I think anything can happen over the next 3-4 years. Surely if you buy bullion from various dealers in tranches of less that £10,000, you can then sell whenever you like - why in hell should you pay any taxes at all? It's your fiat money, you take the rsik, why give your profit to that fat slob Cyclops Brown? With physical bullion there is no CGT. If it is stored in quasi ETFs then that's a different matter. With stocks you pay taxes too, so if you are going to trade gold or silver, spread betting is the way to go.

well said!

my feeling is that they longer the ppt suppress the price gold is building a head of steam like a geyser and once through 1000 (or as jim says, 1024) i think it will steamroller through - for all those taking profits there will be new buyers alerted by media articles and wanting to get on the locomotive express...

quite a battle going on! I like silver's strength...

i wondered that, hope it is the bad guys

I just got an important msg from Axtone's mailing list... Axstone's Gold Price Commentary $1,000 Gold Price is No Reason to Take Profits Posted: 05 Mar 2008 09:02 AM CST There is talk that a $1,000 gold price should be an area of resistance and time of profit taking. You have to ask yourself when you read that (which is everywhere today) what kind of analysis is this? What does a round number in US dollars have to do with a sound reason for taking profits in gold? Absolutely zero! The US dollar is the common stock of the US whose balance sheet has gone wild. Gold sailed through the $500 level a few years ago rightly so, any resistance at $1,000 at this stage of the game is total nonsense and manipulation on several levels. I have looked at over a dozen metrics and ratios that value Gold well north of $1,000 dollars today with a minimum of a $1,350 gold price today but we get stuck on the analysis of round numbers? This world is insane and is going where it deserves to go in my opinion. I use technical analysis with GATA’s fundamentals so I feel very comfortable ignoring over bought areas in gold 90% of the time, I always have and always will until the evidence is overwhelming the Cartel has thrown in the towel.

100 bux? look at all other metals since 2000 say silver is waaaayyy undervalued on any scale so yes defo 100 bux once the real cascading collapse begins faber said the cdo structured products debacle had not even kicked in yet

bloomturd also clobbered him at the end when he was talking about goldilocks

:lol:

well said - as for 1650 i think it is way too low, and i'm sure Jim will set new Angels as we approach 1650 - for mine, i'm expecting at least 2000/2500, but exponentially higher too would not surprise me...

it's pretty sad the quality of responses he is getting http://www.housepricecrash.co.uk/forum/ind...showtopic=70049 the place is a ghost town with all the numpties left talking merde to each other

welcom sbn! i have NOOOOO sympathy for those facist rude blinkered 'moderators' they will need to get new jobs flipping burgers at mickey Ds....

I think this one is pretty important - I greatly respect the person writing this Sinclair analysis ... I was wrong about Coporation X, it is Goldman Sachs, NOT Barrick... This gets quite scary when you think that Blait is now on board with Sachs (he always was) and GS - didn't they advise on the Northern Wreck debacle??? Anyhoos... My interpretations are as follows: Jim stated that the dollar will fall to .52 and possibly to .50 where an immediate implimentaion of a new gold standard will occur. He only defined it as a new gold standard that will have partial gold backing. Company X is Goldman Sachs. Jim told everyone to again study the Ashanti case. Ashanti's shares did not go to the bank overseeing the resolution, they went to Goldman Sachs. GS is indirectly positioning to control a large portion of the world's future gold production. A major player in gold derivatives is the Carlyle group. Jim hinted that in his opinion both Goldman Sachs and the Carlyle group are at the top of the pyramid. Instead of mentioning names, he told everyone to use the internet to extensively search both corporations to learn who is running the show. Nothing can prevent golds run to $1650. He said there are higher angels above that but, would not comment on them now. He stated that silver will outperform gold until gold hits $1650. then , he expects silver to have a significant fallback while gold will not. Billy - my view/hunch too, I am leveraging silver right now and do not intend to get greedy. I will jump ship back to all gold circa 1500-1600+++ ish or whane the ratio drops to 35 or less... He stated that the junior shares will take off when multiple new discoveries are made. New discoveries will attract the volume needed to overwhelm all the short positions. This implies that the junior shares are not a short term play for most investors. Those who can stay put over the next three years will be greatly rewarded. Billy - I don't trust the system in 2011-2012 to pay up - for that and other reasons I am totally out of paper gold/silver in any form

absolutely disgraceful

Letter sent to Midas, this fits in with Jim Sinclair's gold standar coming soon... If you believe Dow Jones is a Bilderberger Publication as I do, one would expect trial balloons from the powers to be to be published here first. Today’s op-ed in the Journal is the second time a Dow Jones Publication has mentioned a new Gold Standard in 2 weeks. The first was Barron’s Gene Epstein the past two weeks. "Another McCain adviser, Jack Kemp, champions tax cuts and pro-growth policies over budgetary rigidity. A hero of the supply-side movement whose tireless efforts helped to bring about the Reagan boom of the 1980s, Mr. Kemp has never shied away from bold proposals." "Mr. Kemp's favored economic scholar is Robert Mundell, who received his Nobel for historical research on the operation of the gold standard and his theory of optimal currency areas. Considered the intellectual father of the euro, Mr. Mundell believes gold could be used as a reserve asset in a reformed international monetary system for the 21st century."

Bill, Yesterday I wrote QUOTE While having total disdain for the Cartels motives I have never underestimated the enemy; they have always shown themselves to be shrewd and powerful at manipulating markets. That was my opinion up until 3 hours ago...what they pulled today was the dumbest stunt imaginable...in the midst of a commercial signal failure and with cartel groupies covering of late they are trying to quench the fire with gasoline. END The card the Cartel played yesterday was stunningly stupid and amateurish, so much so that I rushed to the bank to wire funds to my broker because this was a gift I could not refuse. The overnight news item of March 3 that the BOJ was going to support the dollar and ECB urging action from the US Authorities on the dollar was designed to be a Viagra injection for the dollar. It turned out to be a good opportunity to dump dollars and the dollar fell out of bed on March 4. With no Hail Mary rise in the USD to act as a cover for the gold raid the Cartel should have called off the raid. But they didn’t! They raided gold and most commodities anyway. I can only conclude that the typically shrewd and savvy traders of the Cartel were INSTRUCTED to take gold down (and the whole commodities complex) by someone in the establishment who knows nothing about markets. They probably did as instructed against their better judgment, but they must have known with the market structure as it was (is) the raid was doomed to fail. All I needed to see this morning on the COMEX open was that there was almost no margin call selling. Zip! Nada! Gold opened steady and went up; a sign of very well capitalized and determined longs. This was the confirmation I needed to substantiate my suspicions that this was an ill-advised raid that was going to fail and fail quickly. This was my signal to scoop up the bargains! Which I did gleefully! This episode has exposed an Achilles Heel. The manipulation of markets has undoubtedly been a "policy" directive of the establishment but they have left the operations to the expertise of the traders for the execution of the policy. This clumsy maneuver of March 4 suggests that the establishment is in such a panic that they are now calling the shots, thinking they know better than the traders. The Gold War has entered a new phase. The Cartel just charged at us with swords drawn and they met a barrage of canon and rifle fire. If I am reading the tea-leaves correctly the Gold War is now being run by politicians, and we know how good they are at running wars! Cheers Adrian Dag gone, having to leave so early today. So much to get into. Guess I’ll just have to enjoy the fun and let the market action speak for itself. We have been waiting a VERY long time for this kind of excitement … the kind that has the clueless ones almost speechless at what they are watching. NO SURPRISE TO ANY OF US IN THE GATA CAMP … And there is a lot more to come. As I go to press, the HUI is trading around 500 again and is staring at new high ground. The XAU is flying too. Those out there who are playing the short side of many of the smaller gold/silver companies (AND THEY ARE THERE, even if arbed against the senior stocks) are about to be blown out of the water in the weeks ahead. The move coming in ridiculously undervalued smaller gold/silver stocks, (like my largest holding, ECU Silver) is going to be breathtaking. FORTUNES will be made very quickly for those onboard. Gold, silver and the shares remain THE historic investment opportunity of a lifetime! GATA BE IN IT TO WIN IT! MIDAS

I'd really like to know the real reason - I suspect he was ordered to do it by the central bankers ... who wanted gold crushed at the time...?

SssssshhhhhGF!!!

Ref Rocking Horse Gordon aka Cyclops Bill, http://www.guardian.co.uk/business/2008/ma.../mining.economy The decision of Gordon Brown to sell 50% of Britain’s gold is again in the spot light. On Thursday there will be questions raised in the House of Commons: QUOTE Alistair Darling, the chancellor, will be questioned in the Commons tomorrow about the decision of his predecessor, which the Conservatives said last night had cost the exchequer £4bn - double the losses suffered by the Bank of England on Black Wednesday. END This is a real gem. According to the BOE no one has calculated what the investment of the funds received from gold sales has returned compared to what the gold would have returned!!! Considering they are so sure that gold is a non-performing asset I guess no one really wants to see the real numbers in case the truth gets in the way of the spin! Cheers Adrian

more frpm Midas at GATA.org Sabre makes a very good point… There's something else too. All of the commercials coffers, without exception, are running bare. The same cannot be said for pension funds, other governments, etc. They may be late to the party but they can take these commodities anywhere they want if enough get on board. Ain't it grand! The gold open interest only fell 6367 contracts to 486,992, not much for such a huge drop in the price. This suggests The Gold Cartel was selling, in addition to some spec liquidation. The silver open interest went UP 970 contracts to 166,625 … again, so much for liquidation as the reason for yesterday’s precious metals fall. Today’s incredible comeback tells us that yesterday was a failed raid by The Gold Cartel and silver price managers. They were looking to flush out specs and cover their increasingly desperate short positions. THEY GOT STUFFED!

:lol: it's pathetic i almost feel sorry for them ***almost*** but not quite :lol: