Billy

Midas on the current action The dollar weakened on the news, and gold popped to go up $6, 25 minutes after the Comex open. What a night! Platinum was down $130, palladium down over $50, and silver was 30 cents lower. Not for long re silver and more evidence of just how dramatic the silver market is today versus the last 9 years. Normally, after a pounding like gold and silver took yesterday, there is an enormous amount of follow through selling due to margin calls etc. This selling almost ALWAYS occurred regardless of outside market conditions… ALWAYS! However, those markets were driven by specs and funds loading the boat on the long side, only to be knocked out of the game by The Gold Cartel and silver price managers. As mentioned in this column for some time, the gold and silver game at the moment is in good part about Commercials running for the exits. They are desperate to cover short positions in both gold and silver. Gold and silver made their recent runs due in good part to this shortcovering, not spec buying. Thus, there are not the specs to wipe out as in past years … at least that is not asignificant factor now. Those same Commercials are also competing against this enormous, new institutional investment demand for both gold and silver. This is my kind of situation. Gold and silver are flying now. My friend Tony Wilson at Man Global had it nailed before the Comex opening (He was the only one around I could call at that time this morning). He said, "Bill they can only get down a few bucks after yesterday’s drubbing. In days gone by, gold would be down another $8 to $10. Gold will probably rally $15+ if it can go positive." Wonderful insight Tony. In addition to major league shortcovering, gold and silver caught some heavy tailwinds with the dollar falling into new low ground and oil shooting up more than $3 on surprise bullish inventory stats. YOU ARE WATCHING HOW A PRICE SUPPRESSION SCHEME FALLS APART…

as i said earlier it was the most popular thread, nearly 10k posts and way more views, way more, so they have lost all that click through revenue all because oldfart and his nazi-moderating pals got their panties in a twist :lol:

welcome one and all, this place is taking off :lol:

welcome!!! excellent stuff being done at hpc, LOL LOL LOL, v v clever some of you folks, u shd be in cryptography(wren) LOL

we are nowhere near it, nowhere near obviously when the mania is in full swing, get out!

me too, LOL :lol:

it's quite disgusting we have a snot-gobbling rocking horse riding nappy wearing paedophile protecting bisexual who is afraid to come out with a beard for a 'wife' allegedly running our country http://images.google.com/imgres?imgurl=htt...s%3Den%26sa%3DN all is reveled at the guido fawkes blog

aha, cheers!

barclays and cit, what a joke, they are both zombies walking hey, what is MEW? never figured that out BTL buy to let, STR, sell to rent (what i did), MEW?

yup also silver showing great strength, up 5 per cent it flashed on cnbc, gold nearly 3? its all good

count on it they are monitoring this thread big time lmao :lol:

we gotta get crafty

welcome! anecdotal sentiment is always useful! yes cgnao errol etc i/put wd be cool, i'm sure there are 100s pf lurkers at hpc who wd come here if they knew the url...

brown envelope?

i been banned twice by olfart ya gotta be crafty there are good folks at hpc that we need to help or at least give them the info so they can make an informed decision pm folks one by one?

could go either way but my gut sez it will try to run i listen closely to what sinclair sez, the battle will be for 1050

989 to > 992 in 5 mins

1000 - maybe maybe?

Superb. Guy's got CLASS! :D :D HPC is a microcosm of the powers that be, the central banksters, crooked politicians and the bent FED and BOE. :lol: :lol:

For a big'ish smackdown there's almost always a reason, and that is obviously that if they didn't smack it down we could easily be in 1000 bux territory right now. It's interesting to follow all this on a daily basis but it's all noise. The last 18 months I have lumped in on silver and gold whenever I've had the readies - I'm not concerned with timing anything to save a few bux, I'm concerned with getting on the train before it leaves the station. I think I bought about 200,000 bux worth of silver and gold in the 55 / 45 ratio, with silver at 13 bux and gold at 630 - just recently I sold 77 gold eagles at the peak and on the same trade (physical) bought silver bars at 20. I am now up to 9,000 oz of silver and 18 Au coins left - probably convert those to silver. The gold silver ratio has dropped/is dropping, hence my move. It went from 54, to 52 for a long while, then 50 49 48 quickly, so I decided to act. It's a gamble. As we approcah 35:1, if I am correct, I'll maybe go back 50 50. We'll see - ultimately cgnao and Sinclair are right, if things get as bad as they predict then gold is the thing to be in, physical gold, so that's my aim, try and leverage silver for as long as possible then jump ship!

Great strategy. There's a v informative book, was on the bestseller lists a year ago in the UK, something like 'How to profit from the coming commodities boom' - well worth buying, British author.

Bernanke was speaking. See my MIDAS post that I put up yesterday that explains what happened and why. They like to pint the ticker tape on a Friday too ~ suggest you sign up for a free trial at GATA.org and you'll soon be completely on top of what is going on. Cheers!

from my buddy CIGA Jim Gold has never made it thorough a round number without a battle. You may recall every 100 points since $248 gold battled at each $100 mark. To assume we are going through $1000 with ease can only occur if my $1650 magnet is so low it is silly. I don’t assume that. The real number is not $1000 nor $1050 but rather $1024 with a maximum over run of $26. You may recall I suggested the run to $1000 was going to be as straight up as markets can perform. I would expect a break above and then some rotation around $1000 until the third day above $1000. Following that it is off to $1650. I will give you more minor angels as we move past $1024. The ratios long the majors and short the juniors sold as an OTC derivative by the same geeks that have brought you the end of the financial world as we knew it, also produced the gold share ratio spread. This spread is starting to contract now as the majors decelerated their climb and the juniors in the main have decelerated or ended their decline. The US dollar has been for a long time and is now totally hopeless. The price objective on the downside of the dollar is .5200. It will get there. Gold is going to $1650. Remember this. It will get there. No commodity share is going down when the underlying asset of the company is going to establish at least an appreciation of 665% from the low. The geeks only look at the momentum of a spread once again forgetting a thing called a market. When the recent OTC derivatives skewing a market explodes, as it will, the juniors will fire out of their silo like an ICBM, doing nuclear damage once again to those criminals and their overloaded laptops.

Yes, great idea! I gotta say though at hpc the ads were so annoying and intrusive within each thread I made a point of skipping past them as fast as possible and never clicking them.

A while back I was having lunch in a restaurant off 42nd street and Charlie "the gossip" Gasperino comes in with a couple of his buddies. It was freekin hilarious you would have thought Elvis had been sighted. Everyone was drooling over this buffoon. I love the way on CNBC he starts a conversation by saying, "I just got off the phone with Joe Bloggs from Massive Company, and he gave me the inside scoop". Yeah, Charlie, keep taking the meds and reading the teleprompter. He thinks he's a made man, a wise guy, Tony freaking Soprano, LMAO!