CIGA

We haven't broken resistance yet and there is still a chance we could break to the downside out of this triangle. Gold still hasnt hit the 200dma Whatever happens we will know quite soon, we are soon to be out of this pattern one way or another. Jim Sinclair is adamant 848 (late april/may) was the low, I guess we will know soon. Dollar looking weaker/Euro looking stronger, oil still relentless, Soybeans/corn hitting new highs, wheat making a comeback, natural gas looking good - my guess is we break to the upside.

GREAT Charts DCA Thanks! looking forward to see how this plays out over the coming weeks/months, your charts are definitely food for thought.

Are they making profits? I thought they were explorers with multi million ounce proven resources?

A junior which adheres to your rule and could be screaming buy, touching its 200dma: http://uk.finance.yahoo.com/q/ta?s=CEY.L&a...0&a=&c=

I keep reading gold and silver need to touch their 200dma before a convincing next move up. Any TA experts have a comment on this? The good thing i suppose is the longer we consolidate above the 200dma, the higher the 200dma.

The index went over 73.65 for a few moments . . looks like there was no need to worry, bounced off the upper trendline and headed back down.

Breakout! Has the dollar just broken the upper trend channel?

His speech is turd, as long as the dollar index does not rise above 73.65 the dollar is still in downtrend mode and long term bullish for gold - Lets see if James Turk is right and we see a dollar index crisis this summer. A lot, if not almost all commentators are expecting a seasonal dull summer for gold with the possibility of falls below 850. There are a couple saying gold is no longer going to behave seasonally in the near/medium term, the fundamentals underpinning the price of gold will take over the seasons. My position is to hold my position, i have just added some more silver, I cannot see silver dropping below $16 or gold below 845, but I have some dry powder just in case. Good Luck ALL!

By far the one and truly true proven recipe for success, especially for newbies on a buy and hold strategy is to DOLLAR COST AVERAGE. Buy the same amount every month or twice a month and buy more on any sign of a pullback. Do not try to second guess gold.

I WISH I made that move, it would have been very very profitable for me - there is NO doubt using 20/20 hindsight PURU made exactly the right move leaving the market at 1000. Caveat Emptor - PURU is an experienced trading professional, i am NOT and neither are most others. buy and hold until the fundamentals tell us to sell is all i can say - however the power moves in gold... Autumn 2005-6, Autumn 2007-8, "???Autumn 2009 -10????" making me think i may be forewarned for the next one - "??unless it is THE parabolic one??". God I love a gold rush! No one man can give you the answer.

Peru is an Asia based trader, he is NOT a long term 'buy and hold' investor he looks 6 - 12 months ahead of him but always has the long term fundamentals in the back of his mind. I promise you Puru will come back and say he is back in gold before gold's story is over, PURU is heavy into emerging markets and a regular on fsn with Jim Puplava. Puru has been talking about emerging markets a LOT. He is interested mostly in indices's where there is still growth in the economy invested in and emerging markets and asian markets look great at this moment in time especially during the creamy filling JP has been talking about. Let's see shall we.

I have been thinking exactly the same thing, however some of the fundamental influences that affect the price of gold are getting stronger and more pronounced. The price of oil is relentless, food inflation is not going away soon, money supply (especially in the US) is at unprecedented levels globally .. the pattern in gold price over the past few years may be about to accelerate or alter to reflect the now stronger and more influential fundamentals. Jim Sinclair has mentioned something recently when using technical analysis to try and describe the change in pattern. He mentioned the French Curve recently on Goldseek Radio and even posted a picture of his french curves on his website. He has hardly mentioned this form of technical analysis in the past. Axestone has picked up on this and has been adding French Curve Technical analysis to gold in his world famous thread at GIM. The parabolic move in gold may be close. http://goldismoney.info/forums/showthread....66&page=274 post 10932 is Jims explanation of the French Curve. Post 10934 Axestone has added the curve to the current gold bull. Post 10950 shows how the past bull market in gold (1980) was ruled by the french curve.

Thankyou narco for clarifying to the weak hands. Hey be strong!! and stick to your position, the fundamentals have not changed. But most importantly, if you are buying precious metals this MUST be your mantra!! : : : Dusk_becool.wav

Has anyone been out and kicked a football, turned off their screen, thought about something else other than gold/silver?? i went in heavy silver just under $17, got to admit been buying little chunks all the way down, since my latest purchases been kicking footballs and relaxing completely as Jim Puplava has suggested time and time again, there is nothing new under the sun. Hope it drops further, I has some (little amount) spare cash, no point timing this market short term unles you are trading it and you got to be very very very smart or very stupid to play that game right???? anyway.. going out to all PM long term holders, stay strong, sit tight, hold tight, accumulate, accumulate, accumulate. We are Comrades In Golden Arms.

Bubb, you posted a chart of gold silver riding the rails, i think it was the upper bolinger, can you update please? It would be very welcome. I donlt care what anyone else says on any forum anywhere, errol. you are tight you also called a correction. I have bought, a lot! Now i'm gonna do what JPuplava suggest, go kick a football somewhere, relax, forget it. turn off the screen. the fundamentals are in tact, we know that, gold and silver are going higher we know that. the dollar is going lower we know that. fiat currencies depend on the dollar in one way or another and are using the same techniques as dollar manipulators - thus gold will rise in all currencies, we know that. if gold/silver drops more - fine. I am accumulating ready cash for a takedown in the summer - it may appear it may not, my recent purchase was an insurance policy. you all know the strategy, proven for long term investors time and again, buy and hold, buy on dips. relax.

If this correction is worrying you and you want to get out or think you should get out or are anxious or worried or in an emotional frenzy: From GIM, Hilarious. http://www.youtube.com/watch?v=Y_GJkKMPHxw...66&page=233

LOL spoke to my parents today. For those that don't know my parent were born in india, came here about 1960 something, about 60 years old (in those days no birth certifcate in indian viallges LOL). I'm a british asian, born here. The old man starts talking about bear sterns and uk injections of cash for banks as well as u.s injections recession depression what???. I talk to him about gold thinking i got a thing or 2 to tell him. My dad told me!! Dad: Hey that's 'paper' (I LOL'd) backed by nothing, gold is transferable to any country in the world and holds a store of value that will NEVER be zero. Me: Ok dad, anyway there is a pullback going on i might buy some more. Dad: I don't understand what you mean by 'pullback' if you got some spare cash i have no issue, in fact i recommend, you buy some gold. My dad does not watch CNBC or FOX, he wathces BBC news, he is unable to operate a computer and does not use the internet, his stories of gold are ingrainded in him, he understand the one true currency more than most. He has also witnessed boom and bust in the UK since the 60's and religously watches the news. Basically: buy gold, buy silver.

As do we all, we need the counters to reinforce our own beliefs/ideas, counter arguments however are discussed thorughtought the WWW, there is no need to engage with that rabble. I would Expect and hope GEI counters would have more decorum - if they existed.

That thread is unbeleivable, folks if you want to gage what the dumb people of today think of gold, just read that thread, everyone licking each others arses shouting defaltion, gold metdown, crash, yipee, we are right HAAAAA, blah blah blah. If they're not in why such excitement? These people actually believe a 2 day correction is the sign of an end to an 8 year boom, even thoguh the fundamentals are still in tact and no catalysts has been stated. I think I will bookmark that thread and refer to it several times on their site when gold continues to shine and eventually wins as the ultimtae store of value and the only true currency. In fact as I am buying at the moment i might post that I am buying and refer to that specific post also - then agaion maybe not, i don;t actually think I can be bottherd to even type the url into my browser or click on any links to it. The site has degenrated into a crazed frenzy of single minded neanderthals, the worst mistake they could possibly have made was to lose their gold posters at HPC as we were making a counter argument and discussion ro rheir deluded deflation/gold meltdown/slight recession/ sheeple thoughts, now they just pat each other on the back and tell each other how great they are for realising deflation is an axiom and gold was/is in a bubble. Crazy. I'm so glad the gold thread is dead there, that site doesn't deserve one, I say let them fail in their ignorance.

Is there blood on the streets yet? Maybe not, i'm holding now don't want to buy more until i know it''s bottomed. anyone know where next support level is gold/silver?

BV don't do silver, Goldmoney are unique wih this service so can charge more. also silver is cheaper so premium is higher , GM charge 3% for gold but i think their storage costs are cheaper.

a 5% premium is not actually that much when you thnk about it. what is the premium you pay on a silver ounce to take into posession?

Got some silver arond 18.60 holding back for another dip. I expect/hope to see a mojor dip around April/May but at $18.60 i couldn't say no. Still have money on the sidelines, waiting to strike.

Unfortunately, some people just will not listen. I tried explaining to my brother who keeps banging on about ISA allocations. when I tell him my returns over the last 18 months, he is not even interested. He prefers ISA in a banks because that;s what he reads and people talk about. Not gold. I have spent time, effort and evidence explaining and emailing charts to people. Maybe the problem is they do not understand gold, it took me over 6 months of reading again and again and more and more and more until i dipped my toe into precious metals, and this was in 2006 just after a I saw a parabolia and massive correction. I also recall Dr Bubb talking about it from 2004 on HPC, this was my first ever expreience (Thanks BUBB) and the start of my journey looking into precious metals. It took a mini parabolia, 2 years of tracking the price and lots of reading before I finally commited. Believe me I am very commited now. I did however have to convince myself competely, expecially as it is not chump change I am in for. I can understand if the first you hear about how gold is great and will insure/protect your wealth is from a friend, you may be sceptical. The journey in gold is a personal affair at the moment - until every man and his dog suddenly wakes up and realises they better put some money into it, of course by then they may be too late. I find all I can do is get pople at least thinking about it, provide some evidence for my beliefs and then let them make the decision on their own.

beware, especially the case with GM. You store in london and zurich you will pay double the storage fee monthly.