cgnao

I am from Wonderland and I am here to show how deep the rabbit hole goes.

Looks like cgnao got it right again. Gold goes to £908 after cgnao predicts it in september 2009 and he then warns of a correction. The following day gold drops....

Actually it was 907.33

Getting there. Bull market is still young. But beware the correction.

Updated:

 

Ice has been broken : $1.4988 / 90 ! (see FBB podcast thread)

 

And this could be a very important reversal.

Yesterday's rally in Euro, drop in the Dollar may have been a "false break", as I suspected.

 

FTSE is down big: -5203.16 Change: -161.65 / Percent Change: -3.01%

A big move

They are desperately trying to save the international monetary system, but they can't.

This is 100% correct and is all you need to know. All else is spin and noise.

Thrust is Go, all engines. It's looking good.

Update:

Thrust is Go, all engines. It's looking good.

Updated:

You keep saying that. What's your basis?

From: http://www.youtube.com/watch?v=2rXtG3vfAlA

After ignition and a few seconds before liftoff thousands of tonnes of water are injected into the huge chamber below the launch pad. The ensuing vacuum sucks the fire below the launch pad.

We have ignition. Prepare for lift off.

This is Houston. You are GO for lift-off.

This is Houston. All systems are GO for ignition.

We have ignition. Prepare for lift off.

This is Houston. All systems are GO for ignition.

THIS BREAKOUT in stocks,

will pull down Gold and gold shares IMHO.

 

I see it going on for MANY more days, and may take SPX up to 1,000 potentiallly.

We nailed the timing on the recent GEI conference call. Pity more here were not involved.

DOW=7,323 is a brick wall.

Trade accordingly.

nah, the fun's just getting started, witness yesterday's gilt auction.

It's not even started yet and it's not going to be fun at all, you fool.

To the more learned among us- I need advise/views

 

What's the consensus with regards to this leg down?

 

Am already holding pm's but would like to load up.

 

From what I can gather au should correct down to $850 ,some say to low $800's by mid year.However with qe beginning now might the low be restricted to just above the rising ma's ie. between here and $870's?

 

Any views appreciated

As I said, the bottom is in.

This is fact, not a view, and is all you need to know.

All else is spin and market manipulation.

PS: TA in gold is the best way to the poorhouse.

Just talked to my usual source who informed me that the gold bottom is in.

Let me disagree here with anyone who thinks GOLD MUST KEEP GOING UP.

If you failed to lighten up in that rally to the $1,000 Double Top, you may soon regret it.

This is co-ordinated intervention in all markets and is a desperate, futile attempt to delay the inevitable.

The onrushing monetary holocaust is global, can't be halted and will result in the annihilation of the purchasing power of ALL national currencies, unprecedented contraction of economic activity, dramatic reduction of standards of living worldwide, mass revolts, breakdown of law and order, possibly war and certainly a return to the gold standard by popular demand.

This is all you need to know and is 100% correct, guaranteed, relentless and unavoidable.

My source informed me that a co-ordinated intervention is being organized in the gold market.

Don't sell. Buy later.

Today's price rise was impressive, and IT HELD its top!

 

A very good sign!!!

Don't rejoice, you fool.

The international monetary and banking system is blowing up.

Any gold you hold will only be useful if you manage to hold on to it and survive until the dust settles.

I can guarantee the world will look a very different and hostile place then.

From: http://www.youtube.com/watch?v=yXL9AkXzlt8

Hmm, silver trending down in the midst of a great day for Gold. Mysterious. Not yet a 'safe haven' in the same way it would seem.

No mystery. It's just one of the dirty tricks by the Gnomes of Zurich.

Beware the dirty tricks of the Gnomes of Zurich who are hell bent on trying to push the yellow metal back below 1,000 CHF.

The real price of gold - National Geographic article.

MUHAHAHAHHAHAHAHAHAHAHAHAHAHA

Powerful people hate it and desperately try to destroy it but they can't.

No single element has tantalized and tormented the human imagination more than the shimmering metal known by the chemical symbol Au. For thousands of years the desire to possess gold has driven people to extremes, fueling wars and conquests, girding empires and currencies, leveling mountains and forests.

 

....

 

Humankind's feverish attachment to gold shouldn't have survived the modern world. Few cultures still believe that gold can give eternal life, and every country in the world—the United States was last, in 1971—has done away with the gold standard, which John Maynard Keynes famously derided as "a barbarous relic." But gold's luster not only endures; fueled by global uncertainty, it grows stronger.