sid
-
Posts
478 -
Joined
-
Last visited
Content Type
Profiles
Forums
Events
Posts posted by sid
-
-
gold in msm
sound advice but who's listening some of the comments are unbelievable
looks like majority still have their heads buried deep in sands
You're insane if you don't own gold, investors toldRobin Griffiths, a technical strategist at Cazenove Capital, told CNBC: "I think not owning gold is a form of insanity. It may even show unhealthy masochistic tendencies, which might need medical attention."
He added that the dollar was heading for "oblivion".
Mr Griffiths predicted that gold's 10-year bull run would continue and even intensify. "Although it's been a top performer for each of the last 10 years, it's still in a linear trend," he said. "Eventually it will go exponential and make more in the last little bit than the whole of the 10-year trend."
He said investors should regard any short-term falls in the gold price as a buying opportunity, adding that gold was still not an "over-owned trade".
His comments come against the background of the US Federal Reserve's huge monetary stimulus from quantitative easing, which many believe will result in inflation and a fall in the value of the dollar.
"The downward trend in the dollar is awesomely powerful," Mr Griffiths said. "It's vital to get yourself out of the dollar long-term on any significant rally. Continuing to own a currency that is going to be printed virtually into oblivion – that's the official policy – is crazy."
He added: "Real assets hedge paper money being printed into oblivion, so you've got to own gold and you've got to own other commodity-related investments still."
Gold hit an all-time high of $1,432 last month and is currently trading around $1,375.
Meanwhile, the gold price would have to exceed $2,000 for the metal to be considered in a bubble, according to an analyst at Deutsche Bank. "We believe gold will continue to compete aggressively for investment capital," said Michael Lewis in a report.
http://www.telegraph.co.uk/finance/persona...stors-told.html
-
Super Force Signals - A Leading Market Timing Service
We Take Every Trade Ourselves
Gold: The $1260 to $1500 RoadMap
Morris Hubbartt
Weekly Market Update Excerpt
posted Jan 7, 2011
Gold and Precious Metals
UUP Dollar Chart
US Dollar Analysis:
I told you week ago, “A stronger dollar into the first few weeks of the New Year will allow a correction in GOLD.”
The US Dollar showed declining volume as price dropped, so I knew a “pop” to the upside was near. This week the opposite has occurred. Up volume is already fading down again as price goes higher.
This is a clear sign for further gains in Gold, over the intermediate to longer term. Volume patterns can’t be encouraging to the Dollar Bulls. They are going to get a beating.
Wait till you look at my charts this week; you will see the theme for Gold is, “first a little pain, and then a giant gain!”.
The Dollar rally is volume-anaemic, and I expect my predicted move higher in the short-intermediate term to play out almost exactly as I projected to you. Look at my projected move down for the dollar as the rally dies!
Of serious concern for the dollar is the 8 plus trillion dollar market cap in outstanding US treasuries. That massive market cap is accompanied by a never-ending supply of new Government issued debt. If you take inventory of the outstanding liabilities, the numbers are staggering. The US National debt just hit $14 trillion.
I believe the biggest statistical nightmare, from a fundamental perspective, is the $112 trillion in unfunded liabilities. Think about that term, “unfunded”. That is double-speak for debt. That debt is real and it is owed.
Thomas Jefferson, remember him? Well, he warned of the immense damage that would occur if the people assigned control of the money supply to the banking sector. "I believe that banking institutions are more dangerous to our liberties than standing armies”.
Where are your liberties? Ask the banks. Your liberties are in their deepest vaults. What do you have in return? Paper money that might be going to zero. Was the trade worth it?
The glut of overspending by government officials could have never taken place if it were not for the Fiat Currency system adopted in 1971. Government social policies are creating the very thing Jefferson warned you about.
SGOL 6 Month Price Chart
Gold Bullion Analysis:
My predictions of a week ago are playing out exactly. I have focused you on the floor support for Gold at 1260. I am an incremental buyer all the way down to that 1260 point.
I have to wonder how well investors will handle a decline to 1260. It has been a year or so since we have seen a nasty Gold decline. Bull Markets convince people they can never go down, and then… look out below! Can you handle it, are you buying?
The fundamental Story for higher Gold couldn’t be any better than it is. Yet, corrections need to come to supply the Bull Markets. Policy Elites with no business experience initiate Stupid Math Economics, which supposes that Consumption equals prosperity. In reality, this action creates inflation and a weaker dollar, producing nothing but a higher cost of living and a lower standard of living! At the same time, the price of Gold and all other commodities increases dramatically.
The main key to the continuing Bull Market in Gold is the enormous debt. The debt of the US will propel Gold higher. A lot of the debt is hidden, so the ultimate high price for gold may also be hidden.
SGOL 14 Month Price Chart
Analysis: A long term BULLISH picture with short term warning remains the theme.
The most notable action of the week was somewhat higher volume on lower prices indicating further weakness is likely. That is the story in the short term, yet the longer term volume has declined since the corrective action started in November.
Short term: Mild Pain. Long term: Giant Gain!
I used the heavy volume picture in early November to predict a gold market correction while most were talking an acceleration of the price. Now I’m telling you that the overall down volume in the current decline will bring you higher prices over the intermediate term. Note my specific targets on the charts.
Corrections in Bull Markets can be violent and downright frightening. Peter Lynch was possibly the greatest mutual fund manger of our lifetimes. He managed the Fidelity Magellan Fund with a return of approximately 29% annually. Yet only 30% of his shareholders ever made money! How can that be? It was because…
They sold out when price came down!
Gold Juniors GDXJ Chart
Gold Juniors Analysis:
I issued a Buy Signal on Jan 4th.
My Superforce Analysis was extremely accurate over the last week. I believe in the short term prices will continue to decline. In the very shortest term, I expect a pause in the decline, but it is not over.
My short term GDXJ target since the November time line has been $34. As some of you get to know me, you’ll see I don’t waffle on my stated predictions or “re-evaluate” very often.
Once the correction ends, my one year target is: $75. There is a high danger to investors that the correction ends suddenly and leaves them behind as price rockets higher with tremendous volatility.
GDX 6 Month Chart
Note the commentary on the above GDX chart. The 57-54 price target on GDX is one of the best all around buying opportunities in any market for 2011, and I stand by that prediction.
GDX Massive Breakout On 3 Year Chart
The most undervalued story on all of Wall Street is GDX, in my opinion, and for the most part, the crowd is totally missing it. Stocks got whacked hard in 2008 including GDX; since then Gold has made one new high after another. I believe gold stocks are assuming the leadership position. Many times leadership rotates in corrections. GDX is a fantastic long term buy and will be up dramatically from here.
Silver 5 month Chart
I don’t cover silver every week because the story right now is very much the same as the other sectors. Volume longer term is a Bullish picture.
I mention it today because my technicals tell me that we are likely about another down day or so away from a fresh Buy Signal, but I think that any rally will then see even lower prices. Like with gold and gold stocks, I don’t think the correction is over.
Work continues on my unique ARB TRADER program to mimic what the banks do with the triple leveraged ETFs to milk investors, and a January 14th hoped-for launch is on schedule. The inefficiencies in the structure of the ETFs can be exploited and Peter Lynch style profits booked while acting more as a bookie than a gambler in the market!
Jan 7, 2011 Super Force Signals special offer for 321Gold Readers: Since mid October I have booked you almost 70 wins and zero losses. Send an email to trading@superforcesignals.com and I'll email you 3 of my Super Force Surge Signals, as I send them to paid subscribers, to you for free! I'll also include my new video "History and Outcome of Fiat Currency since 1971". Thank-you!
The SuperForce Proprietary SURGE index SIGNALS:
25 Surge Index Buy or 25 Surge Index Sell: Solid Power.
50 Surge Index Buy or 50 Surge Index Sell: Stronger Power.
75 Surge Index Buy or 75 Surge Index Sell: Maximum Power.
100 Surge Index Buy or 100 Surge Index Sell: "Over The Top" Power.
Stay alert for our surge signals, sent by email to subscribers, for both the daily charts on Super Force Signals at www.superforcesignals.com and for the 60 minute charts at www.superforce60.com
About Super Force Signals:
Our Surge Index Signals are created thru our proprietary blend of the highest quality technical analysis and many years of successful business building. We are two business owners with excellent synergy. We understand risk and reward. Our subscribers are generally successfully business owners, people like yourself with speculative funds, looking for serious management of your risk and reward in the market.
Frank Johnson: Executive Editor, Macro Risk Manager.
Morris Hubbartt: Chief Market Analyst, Trading Risk Specialist.
website: www.superforcesignals.com
email: trading@superforcesignals.com
email: trading@superforce60.com
###
Jan 7, 2011
Morris Hubbartt
-
In last 30 days it failed to break its peak of $1426,
lets see how long this "game" will continue
-
gold & silver made some gains but as cg puts it correction seems to be winning.
its bankster at it again, one day, it will be game over for them.
-
I feel we are reaching that tipping point!
next stop $1500!
-
China & Russia buying more.
A Reuters poll of analysts last week found most felt gold’s run to record highs is likely to continue for the rest of 2010, with two out of three seeing prices above $1,350 by year-end.
A senior official at the World Gold Council told Reuters that central banks in Russia, China and the Philippines are expected to continue raising their gold holdings to balance their reserves, a potentially significant demand driver.
http://thefinancialdaily.com/news/commodit...ries-10613.aspx
-
Marc Faber see a correction of 20% to 30%
also warns about holding physical in US/ Switzerland (could apply to europe, as warned by cgnao)
“Given all the unfunded liabilities and the money printing in the world and the size of the financial assets in the world, I don’t think we are in a bubble"Dr. Marc Faber, CLSA Investors Forum 2010 in Hong Kong
Faber advised investors to build exposure to bullion via monthly purchases and avoid sinking too large a share of their total wealth into the metal, as violent pullbacks can be expected. “We can have one day a correction of 20 to 30%,” Faber said.
He noted the 1970s bull market in gold saw prices plunge 50 percent, from 195 USD to 105 USD an ounce, before then rising to more than 800 USD an ounce.
Dr. Faber also cautioned physical gold holding in the United States and Switzerland were subject to the possibility — considered remote by mainstream observers — of forced sales to the government. Precious metals investments held in the Hong Kong or Singapore banks were safer, as these jurisdictions, influenced by China, were likely to resist US political pressure on individual investors.
Source: CBS MarketWatch
http://marcfaberblog.blogspot.com/2010/09/...n-of-20-to.html
-
IMHO Wemier is a strong likelyhood in near future
I will be posting some proof to back it up in near future, as I've read the whole thread yet.
-
Good article on 321 gold by Darryl Robert Schoon outlining the massive spending on war by the US and the debt that they have accrued. A concise well-written account about why the US will fall hard - and soon.
http://www.321gold.com/editorials/schoon/schoon080510.html
The US borrows 45 % of all moneys borrowed by all governments and spends virtually that same percentage of global military spending. Beginning in 1980, President Reagan started the US on the road to financial collapse, borrowing heavily in order to fund the US military buildup, an act of fiscal irresponsibility that would later prove fatal. In his two terms, Reagan increased the US national debt by 258 %, the cost of which would be the loss of America’s economic power-base.
Edit: It is amusing that it is called 'defense' when, in reality, it is all spent on waging offensive wars on weak countries and bullying other nations with its threats.
I was going to post that but you beat me to it.
Agree 100% with your point, ironic, isn't it, its always been offensive yet its defense budget, it how you wrap it nowadays.
-
some alarming news for gold investors not covered by others, wonder why!
Largest Private Refinery Discovers Gold-Plated Tungsten BarBy Patrick A. Heller on March 2nd, 2010
Recently, the German television station ProSieben ran a news story covering W. C. Heraeus in Hanau, Germany, the world’s largest privately owned refinery. In the story, Wilfried Hörner, the head of the gold foundry, shows a 500 gram bar (16.0755 troy ounces) received from an unidentified bank. The bar had the right physical dimensions to be an authentic gold bar, but one of the Heraeus employees suspected something funny. After the bar was cut in half, you can see that the inside is tungsten, with only a coating of gold on the outside.
You can watch this news story on You Tube, where it was posted February 28, at
.Last fall, Rob Kirby of Kirby Analytics in Toronto reported that China’s central bank had discovered some 400-ounce gold-plated tungsten bars among those it had recently received from bonded warehouses. It was later learned that at least four counterfeit bars were found and that all had come from sources in the United States. As suspicions grow about counterfeit bars among those held in bonded warehouses for delivery against either COMEX or London Bullion Market Association contracts or shares of exchange traded funds, investors could panic. So, you can understand that there has been almost a total blackout on news coverage on this story.
Tungsten is the only lower value metal that has a specific density close enough to gold to fabricate passable counterfeit pieces of the same size and weight as genuine coins and ingots. Over the years, there have been a few isolated reports of smaller coins and bars found to have been drilled to remove some of the gold which was replaced with tungsten. However, it is far more profitable to fabricate larger original bars of tungsten that are then gold-plated.
Thus far, the commodity exchanges have disclaimed of any responsibility for the purity of the gold bars they are delivering against contracts. As stories of gold-plated tungsten bars in bonded warehouses continue to appear, I expect the commodity exchanges are going to be forced to modify their business practices to provide a guaranty of purity for any bars they deliver.
The process of non-destructive testing of bars to check for counterfeits involves very expensive equipment and is time consuming. It is beyond the means of almost all investors and coin dealers. For maximize safety, I recommend purchasing only smaller size coins and ingots, say two ounces of gold content or less, and only deal with a company that has a lengthy track record and in-house staff expertise (unlike the bank that took in this counterfeit 500 gram bar). If you have purchased coins and ingots from unknown sources, you may want have them checked out by an experienced independent third party.
In contrast, the last things I would want to invest in are large gold bars stored in bonded warehouses in unallocated storage. If it turns out that the warehouse holding your bars has too many counterfeit bars in their inventory, it could go bankrupt. That would leave holders of unallocated inventory as unsecured creditors of the bankrupt company, and not as owners of gold.
Because the existence of counterfeit gold-plated tungsten bars could have such a huge impact on the financial markets, there is a huge potential for deception and misinformation to be passed around. Be very careful about automatically believing any story you may hear. For your own protection, it would be better to take physical possession of the smaller sizes of gold coins and bars now, and know that what you own genuine solid gold.
Patrick A. Heller owns Liberty Coin Service in Lansing, Michigan and writes "Liberty's Outlook," a monthly newsletter covering rare coins and precious metals. Past issues can be found online at http://www.libertycoinservice.com/ Pat Heller is also the gold market commentator for Numismatic News. Past columns online at http://numismaster.com/
http://news.coinupdate.com/largest-private...gsten-bar-0171/
-
Enrieb published an excerpt.
Gold owners did brilliantly. Land owners did okay.
Apartment house owners did badly.
Read why here: Post#97:
It has been proven from history that owning PM has done well, though there is little evidence of the same about land ownership or properties etc. My main concern is the best way & best country to hold it. I am starting a new thread on this topic to see others opinion.
-
As some predicted in the last thread, Jim Rogers seems to second that, last checked it was down to $887. I will hold on to buy anymore for the time being as whenever I have bought its at its peak
& then its fallen quiet a bit!!! 
Why are Glod Prices Falling ??? Gold may go down to $700 !Friday, May 1, 2009
Wall Street King and Commodity Legend Jim Rogers Jim Rogers, chairman of Rogers Holdings, said he is concerned some institutional gold reserves may be sold , namely the IMF gold stocks...
“I own some gold, but I am not buying at the moment because the IMF, which is one of the largest owners of gold in the world, is desperate to sell its gold,” Rogers said in an interview with Bloomberg radio this morning “I’m not selling my gold.”
The IMF “is trying to get permission from everybody,” Rogers said. “If and when they sell their gold, they may set a bottom. Who knows? It may go down to $700. They got a lot of gold to sell. If it does, I hope I’m brave enough and smart enough to buy more.”
-
What annoys me is that just when I'm emotionally primed to make another PM investment, the pound dives to help negate the fall in the PoG. It's a conspiracy I tell you! :-)
Andrew McP
+1opened a GM account few days back when it was nearing $1000!!!
-
Gold coins found, hope none of our member lost their gold!
Huge Iron Age haul of coins found
Page last updated at 15:24 GMT, Saturday, 17 January 2009
One of the UK's largest hauls of Iron Age gold coins, which would have been worth in today's money up to £1m, has been found in Suffolk.
The 824 so-called staters were found in a broken pottery jar buried in a field near Wickham Market by a local man using a metal detector.
Jude Plouviez, of the Suffolk County Council Archaeological Service, said the coins dated from 40BC to AD15.
They are thought to have been minted by predecessors of Iceni Queen Boudicca.
Ms Plouviez said their value when in circulation had been estimated at a modern equivalent of between £500,000 and £1m, but they were likely to be worth less than that now.
-
I hope we do see a break through of $865, as I am being forced to raise some short term capital over the next 8 weeks and need to sell a little bullion. I missed the £600 fix last week so hope we reach that level again soon.
Why is when you want to buy the price keeps going up and when you need to sell it goes the other way :-)
sod's law
-
Russia to grow gold reserves 513 tonnes, coal 58 mln tonnes in 2008
11:22 GMT, Dec 25, 2008
MOSCOW. Dec 25 (Interfax) - Russia will grow its geological gold,
silver and coal reserves by respectively 513 tonnes, 2,080 tonnes and 58
million tonnes in 2008, Natural Resources Minister Yury Trutnev told
reporters.
http://www.interfax.com/3/458272/news.aspx
Russians knows whats coming!
Happy Christmas
-
I was about to conceded that you and Bimble had exhausted my argument, but you’ve gone and proved my point for me.
The Government don’t want me to have uranium in Switzerland and therefore I am unable to do so.
Sorry, the link to www.Bullion
uraniumvault.com seems to be down. I don't think it is legal for citizens to own golduranium. It ishighly toxicterrorist currency as well asweakly radioactiveimmoral .I thought thats what you meant
but some took it too literally
Anyway loved the way you proved your point.
-
Which is why I don't have any holdings in London. I bought a few grams there by mistake but have sold those again on this latest uptick.
However, if there is gold confiscation, will there also be restrictions on travel that would prevent me going to Switzerland to pick the stuff up?
My understanding is if anyone has traceable paper (electronic) gold they potentially have to give it up as our gov can/ will make it a criminal offense to hold/ trade regardless of the country its kept (if they put a gun on my head or through me in jail if I don't comply). The panic we see here is justfiable due to rapidly worsening situation. Unfortunately there is not much many of us can do (including me) to make it 100% secure for us. I know holding physical is porbably the best way but how practical it is for some of us.
-
Now then, now then. Caaaaam down, caaaam down!
Could we just have a bit of a reasoned debate about BV for a moment.
Is there something in this allocated, insured physical gold holding in Zurich that I'm not getting?
If BV go bankrupt, I still own my gold (although it might take a little while to get hold of it). My gold is not an asset of BV.
If Viamat go bankrupt, I still own my gold (although it also might take a while to get hold of it). The gold in its vaults is not an asset of Viamat.
I'm noticing an increasing number of comments about "electronic gold" or "paper gold". Can anyone convincingly explain that the service BV offers falls into either of these categories? Or am I going to have to fly to Zurich and see the contents of the Viamat vault for myself? In short, does anyone have any evidence that BV does not do exactly what they say they do i.e. hold physical gold securely on behalf of the rightful and legal owners?
As far as I can understand (have most of mine in BV, London) the main problem is confiscation by our gov. which to be honest there is very little anyone can do apart from comply, even those with traceable stroage in other countries could potentially have to give up.
If you check cgnao have warned about this in his earlier post, there is strong possibility that it could happen when things take turns to worse of SHTF.
-
Very good :lol: Brilliant.
-
I think cgnao's point is that short term thie moves are a lottery, and so charting is just a lot of lines
Longer term, the price direction is very much up, since all the CBs and govs are throwing unlimited amounts of new money at the global economic problems
I thought the same & it does make sense.
-
What I couldn't answer to a friend who recently came into some ££ & I suggested to look into gold/ silver, was how to secure or safe guard large quantity of metal and how safe BV, GM & storing in other country locker will be.
I personally have in BV, though worried that they are not as safe, same with GM. Any other suggestions/ recommendations & details will be greatly apperciated. (We have looked cgnao suggestion about locker but still could be risky & also like to see if any of you guys have done this & what others are doing).
-
Blatant Banker Manipulation Of Gold Prices
One ounce bullion still being sold $200-300 above spot value, proving official spot price is divorced from reality
Paul Joseph Watson
Prison Planet
Monday, October 13, 2008
Despite the dramatic fall in gold prices from Friday’s high of around $930 an ounce to today’s current low of $830, sales of actual physical gold continues to trade for anything up to $300 over spot price, proving again that official COMEX gold future numbers are completely divorced from reality and banker manipulation is rife.
Panic buying of physical gold has gripped Europe as consumers fear their savings accounts are no longer safe in light of numerous bank failures, prompting dealers to run dry on gold bullion which in turn is driving up premiums.
Since buyers are finding it near impossible to get gold bullion from recognized dealers, many are turning to Ebay where auctions for one ounce Krugerrands and Maple Leafs are fetching anything up to £150 ($260) over spot price.
Over the weekend, when gold was around £500 an ounce, a Krugerrand went for £645.75. A one ounce bullion bar, with nearly 3 days of the auction still to run, has already attracted a bid of £670 - a whopping $336 above current spot price, despite the fact that bars are usually subject to lower premiums than gold coins.
http://www.prisonplanet.com/blatant-banker...old-prices.html
& then its fallen quiet a bit!!! 
GOLD
in Gold, FX, Stocks / Diaries & Blogs
Posted
gold has been all over the place. two step forward & one back!
lets see how long this intervention work, its not been fun watching yoyoing for some.