CIGA

YES According to the every 2 year (odd) blow off theory we are due another major move up mid-late next year. happened in 2003/5/7 2009???

This whole scneario smells like 74-76

Oh it will be needed, there is no other direction to travel now, the path is paved... gold and silver are going to the moon.

I urge all to be very very very careful with this mentality, only 1 in 100 will ever make a positive in day trading and that is on a good day! Proceed with caution.

really, i juat use a kitco bookmark via safari.. what are the advantages to igold?

In my experience, never underestimate the volatility of gold.

Yes - GREAT work Ker!

Superb! Thanks

I take it this is pre-market. Do you have a link to where you are getting this?

GREAT chart Ker.

ahh yes.. didn't look at that.

Hmmm if the bailout is inflationary why the fall in price. Surely people cannot believe the crisis premium of gold is no longer relevant because the Fed and the Treasury have saved the world markets with just 700 billion...

It is very important to recognise where we are at this juncture, the 74-76 mid cycle low hit where debt levels and desperation were not at critical levels, the low was allowed to happen quite easily. We are entering a once in a lifetime, 1 in 100 year event which CANNOT be controlled as easily, this commodity cycle i feel will behave a lot differently than the last.

OK DP let's get this straight and now. In most large exchanges there are trading desks where entities are grouped together and traded, like commodities, financials, even down to just wheat or oil or orange juice etc, etc. Now Gold DOES NOT trade on the commodities desk, in any respectful organisation it trades on the currency desk. The reason for this is gold behaves like and is considered like for like a currency. Gold is money. Go Figure.

goldmoney.com

Listened to first hour and 3a, leaving the rest for when i'm in the car.. out of interest what did jim have to say to these people?

HmmMmmm a falling dollar will contribute to the trip back to 1000+

I found Jim was repeating the fundamental facts of the bull market again and again last week, i think he will again. He prides himself in the pursuit of knowledge and is surely bleeding himself now too. Thing is ... Jim and John are OLD, they have been around, they LOVE the markets with a passion,they have SEEN it all before as has jim sinclair.... there is nothing new under this sun. Eric King is an inspirational speaker, Jim calls him in now again to lift up the vibe, Jim for sure knows what is coming, he is unable to time it perfectly, noone is. This is why he ALWAYS says stick to the primary trend. BTW.. i don't you should depend on jim puplava as to when to get out, Peru Saxona called it this time DYODD is key as to when to get out of the parabolia.. this site will be key.

Let's keep a track of support lines painted by the master a couple of months ago at GIM but still valid. We can clearly see the primary trend is still in tact.. upwards. Is this what Jim Rogers saw when he quoted 750 a while back? And this talk of deflation.. christ someone please smack these guys around the choppers, US doubled national debt overnight to 10 trillion and have other liabilities over 55 trillion, they want to CUT rates not raise them, hence the orchestrated dollar rally and the commodities sell off, justification for lower rates. This has major inflationary consequences for the whole world. Jim Puplava has been doing one hell of a lot of reading and as far as he is concerned the move is textbook. This is a 1974 move - 'all is ok folks', people sell gold/commodities and trust fiat.... unfortunately a couple of years later inflation rips its ugly head and starts tearing new arseholes - gold and silver go parabolic. 750 the floor??

I feel broken battered and bruised. I am holding strong and can't wait for the US elections to be over. It is possible and likely next year we will look back and realise over the last 2 months and for the next 1 or 2 gold and silver had been in the sale of the century. I have SOME dry powder but am finding it very difficullt to buy emotionally - i am just holding for now. I have made a concious decsion to let go of some of the dry stuff next week.

What I can't believe is all stations are touting this nationlisation as Good News - the world is saved, credit markets are back and have taken the shape of the US government! LOL - Fannie and Freddie are in so much shit the taxpayer is having to bail them out and this is good news? Allegedly this is going to halt the slide in US property and maybe even allow it to turn positive again.. Errrrrr how? Government will buy and gurantee the debt.. Is this what is called 'monetizing debt'? Un-Believable. IMO this is the beginning of the end . . a couple of more months of intervention, all the way to November election then this could be late 1978 all over again for Gold.. ?

It hurts.. I don't even bother looking at my portfolio any more, only now and then to make sure one of my companies hasn't actually failed. I'm starting to think we could be waiting a while for a comeback.. like post US elections. It is unbeievable how sound fundamentals are reflected like this.. Definitely a tough time . . like Eric King andf Jim Puplava say, go kick a football, turn your screen off, don't look now look later, we are STILL in the primary trend (for now).

Bang on target . . .100

LOL Excellent!