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bitbigt

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Everything posted by bitbigt

  1. bitbigt

    GOLD

    Assuming you guys are invested in gold because you're open minded and cognisant of of the unpalatable realities of this world, you might like to spend some evening watching this video. http://www.loosechange911.com/finalcut/ ...be scared, be very scared! ...and buy more gold!
  2. bitbigt

    GOLD

    Plotting the last 5 years, and seeing what happened yesterday, it looks like we're going exponential...
  3. bitbigt

    GOLD

    This is exciting: ...its like watching a baloon getting more and more air pumped into it. The size doesn't grow (PoG hardly rises), whilst the pressure sure does. You know that any moment the thing will blow (i.e., the upward pressure on PoG will outstrip the PPT's ability to hold it down). The upward explosion in PoG will then be a beautiful thing to behold! Edit: I should be driving home now, but I can't tear myself away from the 'puta - this is so much fun to watch
  4. bitbigt

    GOLD

    900 before the day is out, IS again on the cards (898.65 just achieved). In either case, we're looking at almost a 3% jump in PoG today, despite whatever manipulations may have been going on to suppress the rise. If this sanity remains next week, the run up to 1500+ could just have started! With today's various market moves (big falls in employment and house prices, main indices and dollar tanking, oil up, PM up), one 'almost' starts to believe there is some common sense in the market for once: gawd knows its taken enough evidence and long enough for them to 'get it'. But where the hell, other than PM, can one put ones funds these days to retain value?? Can't wait to hear what Bush say's about all this in his speach later today - I almost feel sorry for the nerd!
  5. bitbigt

    GOLD

    "No subtlety" - that's because they're American, not because they're traders Seems I was right - USD weakening, and so gold going up. I think this will continue over next few weeks. I still expect CBs to try to fight this increasing PoG later in the week (Fridays are their favorite time), but buying momentum is growing, and so they may have a hard time keeping a lid on this. So whereas I debated earlier whether the big run up in PoG will start now or wait until the autumn - on balance I'm now leaning towards the view that what we're seeing now (i.e., the rise since 850) is actually the start of this big run up. Of course, 1000 will be a struggle this summer, but that will yield. ...IMHO
  6. bitbigt

    GOLD

    ...probably (see my posts from yesterday for why). But the balance of forces was only slightly downwards during the overall US session, so I'm hoping/guessing we'll NOT see another major pullback in the next week or two. ...and perhaps just the opposite if the dollar starts to weaken from here.
  7. bitbigt

    GOLD

    To clarify... I think CBs are bound to *try* to knock gold down over coming months, especially this week given recent price increase and increasingly positive sentiment towards gold. The question is how succesful they'll be. They've dived in to doing it today, and only time will tell how succesful they'll be in the long run (though they'll probably manage to suppress the price these next few days). Ultimately, I don't think they'll be able to keep gold below 1000 this year, because the increasing buying pressure will eventually just outstrip their capacity to fight back. And once it does break free of their constraints, the sky's the limit.
  8. bitbigt

    GOLD

    ...looks like its option '2': the battle begins, CBs vs the rest of us :-)
  9. bitbigt

    GOLD

    With current rising inflation and rising awareness of inflation, I see two scenarios of equal probability; 1) this is the start of the big run up to 1500+ by autumn (with perhaps a little hesitation/struggle to get convincingly through 1000) 2) this will get knocked back down this week, by blatant central bank manipulation, and they keep doing that until the upward pressure becomes to too great for them to keep a lid on, causing 1500+ to be achieved year end / early '09 ...so either way, just chill out and enjoy the ride (assuming you're invested by now) [and if I'm wrong, its just that the 1500 target is far too low] ...IMHO!
  10. bitbigt

    GOLD

    Just busted through 900, and now continuing up at a rate of 1 USD per minute!!! Above 900 many will feel the bottom is behind us for golds recent correction, and so they may well pile in NOW!!
  11. bitbigt

    GOLD

    I fully agree. ...at some point the MASSES of money sitting on the sidelines waiting to be 100% convinced that the correction is over, will feel its time to get back in or miss out. And as those investors/speculators watch the gold screen with one eye, the other eye will be watching the rising inflation figures making them even more nervous about delaying So the only question is whether a dramatic rush back in begins in the next few days, weeks, or months. My guess is that it won't be later than this autumn - as we'll then have inflation far higher, the global slowdown will be undeniable, 'stagflation' will be the hot topic at the drinks cooler, and the usual end of year upswing in golds price will be due. Overall, I suspect its 50:50 whether things range in the 850-950 window for 2-3 months before the jump, vs that jump starting (though perhaps not going all the way in one go) in the next few weeks. And if anyone needs further evidence that things have changed from the April knock-back, just re-read postings on this bb. During and just after the big drop to 850, even goldbugs here were uncertain, scared, and definitely not buying. Now I'm reading far more positive comments from pretty much everyone who is posting here. That positive sentiment and confidence will feed on itself, via buying that causes price rises (like today) causing more confidence, causing more buying etc... ...IMHO!
  12. bitbigt

    GOLD

    ...oops. Sorry folks. Keep my mouth shut next time!
  13. bitbigt

    GOLD

    ...I logged in to make exactly that comment - great minds think alike Now at 885 and still not obviously slowing! I guess this jump won't do any harm to the recovering market sentiment in gold, pushing the TRUTH value even higher ...and its only just the start. As the true mess things are in becomes increasing clear to the masses, this kind of jump will probably become routine
  14. bitbigt

    GOLD

    Gold did not drop today ! You're all imagining it :-) There was a temporary and irrelevant drop plus recovery due to margin covering. DOW's on its way down bigtime next week ...IMHO
  15. bitbigt

    GOLD

    Timing and scale suggests this drop in gold price is just our US buddies selling gold to cover their margin calls from this mornings 1% drop in the DOW on openning. Swiss franc and Yen strengthening for same reason (people repaying carry trade loans)
  16. bitbigt

    GOLD

    ...can you smell it now? If you can, so can everyone else, and that's why the TRUTH Value is moving on upwards. Yipee!
  17. bitbigt

    GOLD

    Don't listen to the gold bulls (some of them are obsessive) ...just listen to the sound logic of their arguments! ...an important distinction
  18. bitbigt

    GOLD

    Not now please. You've survived the hard part!!! We're now in a period of '2 steps forward and 1.5 steps back', before it transitions to '2 steps forward and another 3 steps forward' later this year (August/September and onwards). But this '2 steps forward and 1.5 steps back' is so much better than the '1 step forward and 3 steps back' we had while we were trending downwards.
  19. bitbigt

    GOLD

    Is it all about money supply in the long run? It certainly is for the price of oil... http://www.moneyweek.com/uploaded/images/0410.e.jpg
  20. bitbigt

    GOLD

    Yee of little faith! Its in the air... can't you smell it? Golds sentiment has changed. It has gone from being something that everyone felt (or even 'KNEW') was falling and ought to fall (while moving from 1000 to 850) to something that many people now feel may well have had its bottom. Its a self-fulfilling prophecy. The TRUTH Value has risen, and so will golds price 5 more days at this rate of ascent and we'll be back at 1000. Now of course that won't happen in just the next week, but the bottom is in so long as the economic signposts out there keep getting worse. And not so long from now (a month or so) the dollar's mini-rally against the Euro will run out of steam, so pushing the TRUTH Value back up to 1000 or more.
  21. bitbigt

    GOLD

    Indeed! ...and consequentially the 'TRUTH Value' is shooting up, pulling the gold price along for the ride :-)
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