Fortune

http://gata.org/node/8387 Can someone translate this latest rule change into English? I really can't get my head around this... Just goes to show unfortunately that 'busting' the Comex is nothing but a pipe-dream when they change the rules mid-stream. And they use this so-called exchange when quoting the price of gold and silver. What a scam the Comex is. Still, I'm neither shocked nor surprised.

Wow, you're such a charmer. Tell me your secret with the ladies.

Does any knowledgable folks out there know when the option expiry date is? I believe it's sometime this week. Lots of options at $1100 so the 'dark side' are going to go all out to smack it down below this number. EDIT: Whoops just goes to show how much I'm behind the curve....GIM board gives the low-down:

When oh when is silver going to step up to the plate? Still holding my physical I bought circua 8 quid, by the way. My next pile of cash is going into gold not silver.

Slightly off-topic. I wonder if anyone picked this up at the end of last year.... Read the rest on Bloomberg http://www.bloomberg.com/apps/news?pid=206....8yo&pos=12 The comments on Zero Hedge are very interesting to say the least: A response from his daughter can be found here: http://www.zerohedge.com/article/mark-pitt...#comment-144919

I think the bottom has gone and past. DOW just broken out of the falling wedge. 'Risk' is back in vogue, so expect gold to retest the previous highs. I think resistance is at 1100, 1160, 1180, 1200, and 1224. With support at 1040 and 1055. In sterling, resistance is at 700 and 724. Major support at 680 and 666 (!).

Its a credit to GEI that, these days, we seem to intuitively feel what the markets are going to do next. The online forum education was definately worth it, even if we could be wrong. I couldn't have said this about myself a year ago.....

Maybe its not so much an 'either/or'.... It is undoubtedly true that many regular folk are cash poor and are attempting to pay back as much of their debt as much as possible. On the other hand the PTB are flooding the world with credit (cash) in order to counteract the deflationary beast. If they get the timing just right then they just might be able to pull a rabbit from a hat. Knowing human nature, the chances of this is perhaps less than 2%. However what seems to make this situation really different this time is that this is a war of exponential losses (derivatives) versus exponential credit (money printing) growth. I don't think there are any historical parallels to the elemental forces currently in battle. So who knows how this is going to end - just prepare for the fact that both deflationists and inflationists could be right. Well that's the way I'm playing it. Crazy times we live in.

Nah no relation, just call me unlucky Of course if this does occur I'm going to load up my boat as well. The only problem is will there be any physical to buy at that price? These comex shenanigans will ensure that the dealer and refineries will be cleaned out should this transpire.

I'm going to stick my neck out here: 1. $1033 gold will hold for now and we will see another test of the all-time high. Armstrong's key turning point - April 16 - will see the start of the PM decline; possibly visiting Roman's three figures in dollars and 500's in pounds along the way. Silver the dog will follow in sympathy. Wouldn't surprise me to see the 12's again. Silver bugs you have been warned. 2. Possible testing of the crash lows in the DOW in May (around the 11th). Gold bug newbies will jump over the cliff and Jim Sinclair will be swamped (no pun intended) with hate mail. 3. Miserable gold and silver consolidation all spring and summer until the epic rally begins in the fall (Oct). You can nail that to a mast.

Now you've gone and done it

Most of the Fort Knox hoard is in the secret underground vaults of the Rothschilds and Rockerfellers. The same goes for most of the other central banks gold supplies 'swapped' into the market over the years. At least, that what I heard.

She goes up, she goes down, she goes where the wind blows. Where she stops, noboby knows. Did I get that right? I've forgotten the exact lines.

The fact that silver held on to $17 pretty well says to me that there is more of this leg yet to come. Silver is usually the whipping boy for any perceived deflation/deleveraging and it stood up to those forces quite bravely. Looks like Pixel8r's on the money with $1300+ by March/April - concurs with Armstrong turn date for gold (April 16). The ugly correction will follow after that.

Gold and silver are holding up surprisingly well. This is a fakedown if they can't beat silver below 17. The real financial apocalypse begins on April 16 (Armstrong's turn date) - gold and silver will test the major lows from that point on. I think. But what do I know?

I think silver will tell us what will happen next: If it drops through the trendline at 17, I think might be about to experience 'deleveraging part 2'. The DOW is already starting to say PANIC! And I thought the stocks would crash in April....

Interestingly enough, Armstrong points to 2015 being the terminal peak year for the DOW: price target is 30,000. Could we see Gold at $30,000 as well?

Combining Alf Field's EW counts with Martin Armstrong's timing: Armstrong sees consolidation beginning from March / April, lasting until October 2010. The monster rally we have all been salivating for could begin from October 2010 all the way through to June 2011. That price target is $3500 or 2200 GBP. The bull will end in 2016, a year after the implementation of a new global monetary system (NWO?) in 2015. The real action begins now. Better hold on.

Thanks Tsubo is the equivalent of pyeong which is the same measurement (3.3m square). Land prices vary wildly in Korea: if you want anything near a big city (especially Seoul, Busan, Daegu) then expect to pay around the same price (5000 yen = 62000 won). However where I am is dirt cheap which is about 10000 won per pyeong (less than 1000 yen) mainly because its location (almost in the centre of the country) and demographics (huge retired population, one of the highest in the country) - so basically its no fun for young people. Just like Japan, Korea is facing its own demographics time bomb especially in the countryside. From my perspective its great: there is no 'hoodie' problem, people are generally polite and civilised. Its the kind of life where you don't want to be bothered by anyone. I'm not sure how renting land works in Korea, but I'm sure its a fairly straightforward process. The one thing I would say is if you are not married to a local or possess a Korean passport it is an almighty amount of hassle to own or do anything in Korea. In fact I would say don't even bother. I have a feeling its probably the same in Japan. Homogenous culture and all that. In terms of rice yield, I haven't reached the stage where I can say how much yield you could get from a single patch. I grew some last year and the yield was less that 60% - which is pretty crap. I'm still learning though... Well anyways good luck with your efforts!

No euphemism - its the real deal. I'm living out in a province about 3.5 hours from Seoul (in the middle of Korea) with the missus. Even though I already live on a small patch of land (about 2 acres) I wanted to buy some more to be completely off grid. Not quite reached that goal yet but I'm getting there... Since the climate and the environment supports rice farming, that was where I wanted to focus on. Just having a patch of field is not enough to grow a varierty of crops (for instance, rice paddies need an area with a constant supply of water) nor is it enough to be energy independent. I'm still looking for forestry to accumulate wood burning trees because firewood can be sustainable (if you cut them the right way); plus other energy alternatives still seen too pricey to me. As I keep repeating over and over again, shiney lumps of metal is not enough: you also need a Plan B and this is my Plan B. Not that I would recommend living in Korea because the cultural difference can be overwhelming at the best of times (and I have lived here for years). Just as long as most folks have their own idea of independence from the 'system' then that is good for me. After all, isn't buying gold and silver sticking two finger up to the governments and powers-that-be of this world? I'd like to think so.

Well I have gone and done it - I've sold some silver. I just couldn't face selling some gold so I went for the other option. Sure, its probably too early to sell but this offer is just perfect for my circumstances. Actually most of this silver came from a ratio swap I did in december 08 so was very profitable and all good. C'est la vie.

I've just had a great offer proposed to me. It involves some agricultural land (including rice paddies). However I'm in a bind as to whether I sell some Gold or Silver. I have a 75% position in gold with the rest in silver. So any useful advice? Which one should I sell?

I wonder what deal they have cut behind the scenes now? Only newbies are likely to get motion sickness, though.

It really does boggle the mind why you lot are so interested (or should I say obsessed) with RH. All these childish, ganging-up, playground attacks are really something. I'm sure most GEI readers are mature enough to read and come to their own conclusions, so trying to show the truth and convert those to your side is frankly lame This is not war, its just an internet forum. Life is too short for all this 'he said she said' bunk.

1080 looks like the floor before christmas. We should rally next week to test the 1100s again. Finishing the year with a close about 1033 will be the major bull signal for the new year. And by the way, merry xmas to you all at GEI.