romans holiday

Good stuff to speculate with.

I started to nibble on Friday. I will watch the dollar index carefully before continuing to buy. Who knows we might see a good bounce next week... but I half suspect we are going lower.

Big call. Spending all your reserves here?

Got gold?

The next couple of months will be very interesting. I think the confusion lay in two very different charts, with different messages, with the same label. It seems GF was misrepresenting your position [no doubt unintentionally] with the old "Pixel8r's lines" chart. Good to see you are still very bullish... wouldn't expect anything else. GF, I think it might be better to put together your own chart showing support at 1000 odd. Pixel8r has moved on with "Pixel8r lines" and most are familiar to this term representing something quite different now....as Pixel8r has explained for us here.

My point is P, and one I'm sure you'd agree with is that last week when you superimposed "Pixel8r's lines" over my chart the message was very bullish... as in short term bullish... and in contradiction to my short term bearish/ consolidating chart. This is obvious by the date line [April gives a price of 1300/1400] and the bullish comments you were making before the break in bullion prices. So do you agree now that gold is in a consolidation pattern to 1000 odd? [before it renews its upwards path of course... I've always though 3 digit prices are possible again... a view which has been rubbished]. This is what I've been saying all along.... and your new "Pixel8r" chart is also saying. I think we should be big enough also to recognise other's good calls... and admit our own bad calls. Kind of like good sportsmanship

This is my last post on the matter. I find it exasperating that you don't see that Pixel8'r projections just last week were more or less straight up. This projection here is what I've been projecting since gold was going parabolic above 1200... that is what charting [and macro-economics]should be all about... the aatempt/ ability to predict before the event. Anyway, I give up.. you seem to have a mental block in this area.

OK. But do you see my point? There is a confusion about what is referred to as "Pixel8r's lines". In a technical sense you may be right... but the previous "Pixel8r's lines" that have been posted for some time now pointed to higher prices in the near term. Suddenly, this set of "Pixel8r's lines" [different to what the forum became familiar with] is presented with a completely different message... that gold will decline and consolidate around 1000. This is a message that the "Pixel8r's lines" we all became familair with was diametrically opposed to. Do you see my point? I ca't believe I'm having this conversation. The issue is that two very different conflicting messages/ charts are both labelled "Pixel8r's lines". Some might think this new presentation of "Pixel8r's lines", as if they were always "Pixel8r's lines" [people do have short memories] as quite ingenuous... but I couldn't possibly comment on that. If somebody as influential as Pixel8r is changes there view [and especially if they have been pushing it so hard] then they would no doubt give some recognition or explanation for that. But of course Pixel8r did not post the new "Pixel8r's lines", you did. And to be frank I'm surprised you didn't think about the kind of issues I have been raising here.

Oh right... so they were up-dated once before... then up-dated again now... we just should forget about the previous update right. This is ridiculous.

We are discussing "Pixel8r's lines" here [isn't it obvious?]... the ones drawn atop of the chart to draw inferences about where the price is going. It is obvious we are not discussing the blue price line of gold... I have posted them for you side by side on the previous page to help refresh your memory... I thought you said you were younger than your avatar suggests...

Updated price data?? C'mon gf... you're better than this. Dude... you posted them above.

The lines are unchanged?

Actually, it just cheeses me off a little that "Pixel8r's lines" posted here this week are what I have been posting for a while now... and what he has been continually contradicting. Up to now, "Pixel8r's lines" have been completely opposite.... gold could only go one way. Charts should attempt to have predictive power... and should neither reflect one's own prejudices or be made ad hoc to reflect present changes. It would be nice to see people big enough to admit their error... poor sportsmanship kind of thing.

A very good listen here. http://kingworldnews.com/kingworldnews/Bro...m_Rickards.html

Is that a recent update/ revision? I thought his lines were straight up from here. http://www.greenenergyinvestors.com/index....st&p=154235

Money [our cash] is essentially an institution of government. Gold will be re-instituted [a new gold backed currency] by governments in order to stabilize national currencies, guarantee the greater part of international debt, and preserve the global economy. When you look at it from an international governmental perspective, you can think of gold as money in that it will price/ stabilize/ fix national currencies. imo gold is now in the process of being informally monetized in the minds of investors/ CBs, and will eventually be formally remonetized to salvage and restore global trade.

In deflation, cash rises against value. Consider the inverted triangle. Cash can rise in value against assets and goods. This does not mean that gold can not also rise in value against cash. You could think of gold as super-cash. As the strongest symbol of money it will continue to benefit, in the aggregate, from concerns weighing on national currencies.

Nice in theory. But the market isn't fazed in the least by the idea at the moment... quite the contrary.

On the other hand, and looking at the longer term, here is a very scary chart for silver. If gold consolidates to its long term trendline [to 1000] then silver could go a few dollars lower. It depends on how quickly it consolidates..... It depends on the dollar here, and whether the market can find a floor. If the dollar corrects, silver should turn up. If the dollar continues to strengthen and the market breaks again.... silver could take another beating. That said, silver looks to be the best thing in town to pick up on dollar weakness and market mood swings. I believe this chart shows gold strengthening against the dollar, whereas silver might just remain volatile. In this scenario, gold is the one to accumulate, and silver is the one for trading against the dollar. This doesn't bode too well for the ratio. It looks to be swinging back to 80... perhaps the trading channel will stay within 60 and 80..or even go to 90.

Started to buy here at 15.28. I've decided to buy in in three tiers; so now have a third in silver [not a lot of money as am still in the process of funding BV... and more just to get a feel for the BV system]. Maybe a bit early, and maybe reflecting a past habit of being overly bullish on silver. Needless to say, will be looking for bottom dollar prices for further purchases.... and a turn in the dollar index. Wouldn't be surprised to see the dollar start to consolidate at 80/81 if the past pattern is anything to go by.

Took a bite in my trading account at 15.28

Silver could bounce here. But what is stopping these two from crossing?

That's the long term trend broken... I don't think such niceties will be observed in this market. The only certainty is volatility.

Dollar on steroids.