DoctorSolar

From the June Gold thread when gold was at 1256:

 

http://www.cnbc.com/id/15840232?video=1525161532&play=1

 

are "these markets perverse" yet?

I think its fair to say big Tommy O failed in his "we'll see 200 down before 50 up" price projection. I look forward to hearing him saying "listen folks these markets are perverse" I wonder if that will be any consolation to his subscribers who he "piped" out of their positions. At least big bobby hoye has the good grace to say yep I've made a whole lot of trading errors in my career (see last howestreet interview). I have a lot more respect for him because of that

From the June Gold thread when gold was at 1256:

http://www.cnbc.com/id/15840232?video=1525161532&play=1

Could we go higher? Yeah 10 bucks. But 200 down is gonna hit before 50 up

So $1056 will happen before we see $1306? Lets see how this one works out...

1289.... tick-tock... only 17 dollars to go

are "these markets perverse" yet?

1287 in the blinking of an eye

Bug Tommy O still holding with his 1075 prediction:

From:

I wonder if we will see a video of him saying "these markets are perverse" in a few weeks/months time

Big Tommy O'Brien still holding out for 1075 USD gold

http://www.cnbc.com/id/15840232?video=1588378975&play=1

3mins 20

Gold getting competition from dollar and real estate. Buy a place for 100k, mortgage of 500 dollars per month rent it out for 600.

- Good luck finding solvent and reliable tennants Tommy! Also make sure you don't incur 1000k in fees and repairs or you are at zero!

4mins 20

Host: "so people should beware and understand that this [gold] is a commodity"

Tom: "absolutely"... "gold is not a safe haven its correlated with the market"

Jeezus - the WORLDS number one gold timer doesn't understand that gold is money

Gold Speculation During the Great Correction

And if we’re right about how this period of Great Correction ends, the price of gold in dollar terms should go up much, much more.

 

But here’s the important thing. Gold is money. You can use it to buy things. In terms of what gold will buy, it does not seem undervalued to us. Much has been written on the subject. But as near as we can tell, gold is now fairly priced.

 

Go ahead; buy all you want. It is a good way to maintain your wealth and protect it against the monetary and economic calamities that are doubtless coming. And if you expect to make a lot of money on it, you’ll probably succeed. When the Bernanke Fed loses its grip – which it will – and when the public gets on board the gold bull market – which it will – gold speculators will probably make a lot of money.

And this from Adrian Ash of Bullionvault:

Speculating in Gold

Bill Bonner's bang on the money, in short. Gold from here is a speculation, but a speculation only on academics getting their inside man (whether Mervyn King in London or Ben Bernanke in Washington) to apply their latest hare-brained scheme – massive new money inflation.

So gold is now fairly priced but fiat money should continue to erode so gold will continue on up. Getting on now won't make you more wealthy but it will maintain your existing wealth. I'm not so sure... technical and historical superemo Bob Hoye and Ross Clarke both show the potential for gold to easily hit 2000USD in 2011.

I wonder what Bill would make of G0ldfingers MZM equilibrium chart?

I presume Tom does not sell his core physical holding? If he does, he is clearly insane.

In the video interview and other audio interviews I have heard he says he sold ALL his gold at around 1236 USD. He expected a 200+ USD drop and decided to step aside and get back in later. Well later has arrived and we are back at the price he sold at! I reiterate this is the "WORLDS BEST" gold market timer. If the "best" can get it so horrifically wrong what chance does the average joe have of getting all the wriggles right. One in a million? Well personally I would rather average in every month and buy a lotto ticket too

Following on from the June thread: "The WORLDS No1 gold trading timer" Tom O'Brien sold ALL his gold at 1236 USD and went short saying we would be visiting 1056USD. This guy is apparently the WORLDS best and he seems to have gone a little stray on this one. Those who followed him may have made a bit money going short ASSUMING they have now closed their positions BUT will still hold NO gold! If they want their position back they will have to give up a good chunk of their profits if they want actual physical back.

That's why I keep pounding the table about averaging in. The WORLDS best can't seem to get the exact timing right!

8 more trading days left till the end of the month.... lets see where we are then.

The latest King World News interview with James Turk is a good listen. Are they referring to O'Brien by any chance?

http://www.kingworldnews.com/kingworldnews...James_Turk.html

Case for this (743GBP being the low) strengthening as GBP continues to weaken vs USD

Yep still looking good. USD and gold rising together. Taking the advice of: no one knows where the bottom is so you need to be mentally and financially prepared to buy all the way down has worked well so far.

Add to that a double top... which is bearish [for palladium].

Charting is an odd art isn't it. I remember a similar pattern in gold being called a double top and then look what happened

Caution is to be advised here but I wouldn't be in a rush to dump any physical. But then I have a longer term perspective in mind.

You'd have to be a brave soul hanging on to Palladium here. Nor does Platinum look a lot better. Gold looks solid.... might have to do with it being considered a currency in "unusually uncertain" times..

 

 

I am no technician but is that a gigantic inverse head and shoulders pattern I see before me in Pd?

I think there is a good chance that 743GBP was the low.

Case for this strengthening as GBP continues to weaken vs USD

Is another ideal buying oppurtunity approaching ?

 

When the fed starts printing again will that bring USD Gold down in terms of GBP

 

Do we jump in before the UK starts Quantative easing 2 ?

I think there is a good chance that 743GBP was the low. But absolutely no one knows whats going to happen for sure. Not even Tom O'Brien whos call for 1037 before hitting 1287 is looking increasingly unlikely. Which is a pity for those who took his sell ALL your gold and go short because my big golden balls tell me this is definitely going to happen approach. That is why if you think gold is a good thing to have in your portfolio you need to be buying a correction all the way down in increasing size.

I bought a small amount at 800 and a larger amount at 748. But im prepared mentally and financially for lower prices if they happen.

Gold is on a 100 GBP discount. Surely that is a buy. Trying to get the exact bottom could see folks price chasing as it moves away from them.

Thanks to those for pointing in the direction of the Gold Scents blog. From the most recent posting last weekend:

http://goldscents.blogspot.com/

The failure to follow through to the downside is a sign that someone was in the market buying all that the technical and emotional retail traders were selling.

 

Now we need two more things to happen before we can be reasonably sure the intermediate cycle has indeed bottomed. First, we need to complete a weekly swing low. That will happen this week if gold can hold above $1155.90 and move above $1194.50.

Done

We also need to break the pattern of lower lows and lower highs. Gold will do that if it can trade above $1204 next week.

Also done.

I think there is a very good chance gold put in the intermediate low this past Wednesday and we are now headed higher into the strong demand fall season. (Gold sentiment has since dropped below the level we saw at the February intermediate low. A definite sign we are nearing or at a bottom.)

Maybe time to buy EUR-Gold. After all, gold has seen one of the biggest sell-offs in over 10 years.

 

http://gold.approximity.com/since1999/Gold_EUR_LOG.html

You know all of the following GF but just to get it off my chest....

Could well be. But maybe we go a little lower. No one knows. That's why I have been banging on that your average retail investor should not be attempting to call turns and go in at a single price point plop. Folks need to be buying weakness at fixed points all the way down or simply buy once a month in a disciplined fashion.

I remember being told quite forcefully that now was not the time to average in. Well time will tell but buying in to weakness with increasing size has done well for me so far. I have the same feeling now I had at gold 565GBP and gold 680GBP. Heck even our own silver sammy has turned up predicting a crash in gold sometime this year.

I should have known better than to think that the $2.00 mark would stick. Thought the latest PR was different, more significant. Wish the market thought so! Hopefully AMEX will be next. Yes, I follow IHUB and Allan too...certainly lots of cheerleaders there. The skeptic in me still is looking for what's wrong with this thing

Wild price movements lately. 15% down then 15% up all in the same day! Fortunately I am now riding a healthy position for free having got on at .56 and stake back + profit at 2.10 so these wild movements dont scare me too much.

Huge volume yesterday in to the close taking us back to 1.80 and flat for the day.

Lots going on with NNVC, eh? Doc Solar, good job getting in at $.56! My average is around $1.50, having bought more last week at $2.04. Given your professional experience, how do you feel about the risk now? Dr. Harris with her UC Berkeley lab seems to be a huge endorsement.

Yes its been a great run and the latest results look very promising. The main risk with these things is that it works in the animal model but then fails in human trials because the drug/cell interaction is wildly different in humans. But a nanoviricide doesnt interact with the body's cells at all. It goes straight for the virus so the chances of this working in humans as well is WAY higher. Toxicity should be low to nil too as the carrier is just a simple polymer that will get flushed straight out of the body after it has swept up any free virus. All extremely exciting. Take a look at the ihub board and you will see a full copy of Patrick Cox's latest report on the company that explains it all in more depth.

There are some true believers on AllAllan and the ihub board but mostly folks seem extremely skeptical. Which is fair enough I suppose as even I have described this as my lottery ticket stock. But the risk reward levels to me demands participation.

Stock is holding up pretty well given current general market conditions.

Hoping we get that uplisting to AMEX/NASDAQ this year together with a host of other results that are due too.

Tom's shorts are underwater but he's sticking with it:

http://www.cnbc.com/id/15840232?video=1525161532&play=1

Could we go higher? Yeah 10 bucks. But 200 down is gonna hit before 50 up

So $1056 will happen before we see $1306? Lets see how this one works out...

See you up thereeeee!

Poor Tom has risked being turned into charcoal under the gold rocket.

According to what I heard he sold ALL his gold and then on top of that went short.

This by definition is not a "anything can happen" approach.

This is a "all in because my big golden balls say this is THE/intermediate top".

Definitely not a liferaft.

Friday nite fireworks.

These are the only gold shorts those seeking a "liferaft" should be taking

Scotland goalkeeper shorts as NOT featured at this years world cup

Tom's gold shorts were beginning to smolder for a while there.

Is he really advising his subscribers to sell all their gold and go short?

Tom's shorts are really in danger of catching fire now.... surge up to 1256 USD

WANT! Where does such a T-shirt come from?

I got it from:

http://www.hiphopwardrobe.co.uk/urban-clot...etail&p=596

but if you google for LRG currency of kings there should be a few more options available. Enjoy!

I think RB on HPC recommends backing up the truck at 300 USD FFS :lol:

I thought RB was going to start manufacturing gold out of other more common atoms using a large hadron collider?

Or was he more set on mining gold from of the lead casings from spent nuclear reactors?

That's $1250 taken out. Let's celebrate with a few images.......

Got my old man the following for fathers day

Tom's gold shorts were beginning to smolder for a while there.

Is he really advising his subscribers to sell all their gold and go short?

I see the aggressive gold bears (AGGOBEAS) are back running amok. There is a kind of macabre black comedy when these folk mentally disintegrate in a public forum. Sad too and reminds me why I spend much more time enjoying family life these days....

Remember folks these self same morons were telling you to dump your gold way back at 500 euros and earlier. 500 euros of complete and utter abject FAILURE.

the party of destruction ( forgive me gaelic lad) garda

 

 

yes going short, gold can phuk it self................cash is God...............deflation a period

 

 

clive

sorry for crossposting but i think this information is important:

 

Gold Bugs , the "New Iclanders"

 

http://seekingalpha.com/instablog/481054-k...-new-icelanders