CIGA

Yes, I was thinking we may be in for quite a time horizon here... but then again, the macro situation seems so much more dire than the seventies. I could see things coming to a head next year.

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

I share your pain.

But remember its an insurance policy, you hope you never need it.

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'm certainly of a mind to give the trading thing a whirl.

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.

I've got this - highly recommended!

 

love the fireworks when folds up big and storm clouds for the opposite - lol

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

Yes that's my opinion. The rate at which this is accelerating is now ferocious, bordering exponential. Of course there will be turbulence on the way up, that was always going to be the case, but I do believe we have seen the last of the big corrections.

In my experience, never underestimate the volatility of gold.

Just a quick thank you for your excellent chartwork & endless good calls as far as I can see - power to you!

Yes - GREAT work Ker!

I have this page up all day : http://www.igindex.co.uk/

 

all major prices live - no charts though, unless you have an account.

Superb!

Thanks

Check out the DOW! Now 10098

 

 

Could go into three figures shortly. Three figures should have some pyschological impact.

 

Edit: four figures.

I take it this is pre-market.

Do you have a link to where you are getting this?

sorry guys, 850 lows had expired.

GREAT chart Ker.

I think its about the usd rally we are seeing... europe and the uk are not immune... usd ok then...gold down..

ahh yes.. didn't look at that.

well, Au sure getting dumped on now;

USD867

 

Unbelievable, if you ask me!

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...

A Dangerous and Deceptive Gold Market

 

http://www.marketoracle.co.uk/Article6416.html

 

 

Is this current gold rally the last before a 40%-50% recession induced commodity mid-cycle pullback?

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.

I've vowed to myself not to respond to "gold is currency" stuff again, but read it back and I'm sure that you'll agree that there is no logic in this post.

 

Since no one rose to the challenge last time, I offer the same challenge to anyone that believes that gold is currency and not a commodity, to define the terms "currency" and "commodity".

 

I really shouldn't be concerned with this, but I don't like to see mis-representation, even if I agree with the motive.

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.

Try and buy some and it says that delivery is not possible to GB. Looks like the end of reasonable priced silver until next year. I will be buying only gold from now on.

 

I hear BullionVault are considering doing VAT free vaulted silver, so maybe I will get some there.

goldmoney.com

Some dejected people asking questions on FSN this week - one lost 80-90% on his gold juniors,and questioning if the commodity bull run is over. Another invested since 2003 and dollar cost averaging has been "wiped out", he believes something has dramatically changed.

 

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?

Absolutely! Its the point I made at the very start of this thread. Many GEI members from the UK bought gold as protection against Sterling losing value, which we all expected would happen at some point(including HPC's anti-goldbug RB) This strategy had paid off as an investment even though the dollar price of gold has fallen in the past 6 weeks, can you imagine how high the Sterling price of gold will be when gold jumps back up to the $1000 range.

 

The fundamental problems are still there in the US/UK economies and these currencies will continue to lose value over the long term regardless of any short term bounce.

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

I'm looking forward to Saturday's FSN. There's been a tension in Jim's voice of late that I've not heard before. I just hope it goes lower so I can buy more.

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??

broken.......

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.

I see a conspiricy here.

 

China and the US have been highly corodinated in recent weeks:

http://www.greenenergyinvestors.com/index.php?showtopic=4178

 

The end-game may have China buying Gold, energy, and mining shares (soon?)

- while the endgame for the US is launching the bailout of Fannie & Freddie while the dollar is strong

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.. ?

Gold back down again today. $15 at time of writing.

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).

Ha ! Interesting language. To think we were being fed the "demand out strips supply" message.... How things quickly invert.

 

If Hp/Gp = 360 now, then, if my sums are correct, a 50% drop in house prices and a 50% increase in the gold price would put the ratio at 120. Throw in an overshoot and we could see 100 or sub 100.

Bang on target . . .100

.

LOL

Excellent!