drbubb

Not at all. I have encouraged people to take the blinders off, and not just assume that "gold is a one way bet." The reality we have seen since 2008 is volatility - big swings. If you are sure that "gold will only go up", you can stay long. But I do not take that as a certainty, maybe just a strong likelihood. And I would not want to ride gold or gold shares through another 30%+ drop, if wee see it. But I cannot speak for everyone This made me laugh. I think it is very foolish and dangerous to try to characterise those that have a different market view as "evil" in some way. This is not the way of a smart trader or investor, who should stay open to contrary points of view.

"Noise only": "This is a cubby bear market" Does anyone detect some complacency in these remarks? GF, I think you need to be a bit careful. There are no guarantees, not even in the Gold market. A nice chart here from VT It looks to me like a deeper correction than 10% may be in the cards. I dont think a 20% drop, if we see it, can still be described as a cubby bear. I am still expecting a (minimum) drop of 15% It will be interesting to see how may Steps Down are taken

Hey, what happened to Pixel? has he gone into hibernation, waiting for the Bears to lose their grip on Gold?

WATCH SOMETHING That the whole world isnt watching... Try telling me something that the whole market doesnt know! As I have said many times: The US dollar merely needs to outrun other currencies, like the Euro, to strengthen. And a strengthening of the dollar will bring waves of deleveraging, as we are seeing now, as the carry trade is unwound. What the market WASNT PAYING ATTENTION TO (and I was monitoring), was that the Euro was vulnerable to a correction, thanks to debt problems of sovereign countries, like Dubai, Greece, Spain, and the Balkan and Baltic countries. If you want to make money, you better know something that the whole market doesnt know!

Those who thought that the Hedgies were going to be long term holders of gold, should think again GOLD fell sharply today as hedge funds sold to exit positions and capture profits before year-end, perhaps prodded by the US dollar showing some stability lately. February gold fell $US22.50 to $US1120.90 an ounce on the Comex division of the New York Mercantile Exchange. It closed lower for the fourth straight day, near a one-month low. March silver fell US62.7 cents to $US17.18. "We're entering that time where you have end-of-year position squaring by hedge funds," said Michael Gross, broker and futures analyst with OptionSellers.com. "They have been heavily long in the gold and silver markets. But the recent strength in the dollar -- even though it's not up today -- has been enough to trigger end-of-year profit-taking." A weaker US dollar for much of 2009 enabled gold to hit a record high last week, since investors often buy the metal as a hedge against a falling US dollar. However, the December dollar index is up roughly two points since Friday. It was down 0.105 point at 76.225 shortly before the Comex gold pit closed, but was up from a low for the day of 75.875. Tom Pawlicki, analyst with MF Global, also cited the sharp fall in crude oil after weekly energy-inventory data, as another factor undercutting gold. January crude was more than $US2 a barrel weaker around gold's close. Equities were also modestly lower. Funds generally have substantial profits in gold, Mr Gross said. At last week's record high, February gold was up 38 per cent for the year. . . . "Normally, December is not when the risk-taking takes place but the book-squaring takes place," said George Gero, vice-president with RBC Capital Markets Global Futures. Furthermore, Mr Gross said, the decline in gold is "feeding on itself" as funds sell in order to capture as much of their profits as possible before prices fall any further. A decline in gold holdings of exchange-traded funds on Tuesday hints at funds exiting positions, Mr Pawlicki said. The amount of gold held by SPDR Gold Shares, the world's largest gold ETF, declined by 13.72 tonnes due to redemptions. "There is potential the market could trade lower over the next two or three weeks," he said.\ UNQUOTE ===

Well said. I havent said anything inflammatory about Sinclair. He provides a useful service, but as AJC has said, he tends to be very one-sided. He might be slightly better than Dines, but is made from the same cloth IMHO. Let's see if he can get his people out near the top. He failed on this latest top. Let's see how important it proves to be. My message - also see my signature: "The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible." I don't say, as JS, seems to: "Gold is in a long term bull market. Stay long, buy every dip."

It has been done already, the derogatory comments, quite a number of times. The bear cub comes from Sinclair's website. It is not my invention. And he is LOSING money on his gold longs, I never went short gold, I merely missed out some gains. Sure, I said that "Gold may be done here" back in June, before it showed a mild correction into August, when I expected a seasonal low (which I bought, but only for a very small number of ounces, since I expected an even bigger dip.) But I never told people to go short, and that phrase was from June 2009, ... so: that would be a frigging lie, I might get pissed off (by you repeating an old lie), and suspend you for 24 hours. And you would deserve it. So go ahead, if you like

QUOTE (Traktion @ Dec 9 2009, 12:47 AM) Why have a national reserve currency at all? Why not have denationalised currencies? Indeed, why not just trade in gold/silver weight - it doesn't need a number attached to it (pound, dollar etc) to measure its worth. The argument for dealing with notes, rather than coins can now be side lined. With mobile phone technology edging ever closer to giving us all a digital wallet (even if most don't realise it yet), why do we need notes or coins at all? All we need to know is that whatever "thing" is backing that digital representation is really there. GoldMoney already have an iPhone applet and I noticed an RBS advert for their new iPhone applet too. How long will it be before people start cutting out the ATMs and EPOS and just swap money via their Internet connected phones? There is no reason for governments to be involved in money and I can imagine a world far less manipulated without them involved. A gram of gold cannot be manipulated and has international value. The same can be said for many other PMs too. All the governments need be involved in is the regulation of the companies holding the PMs, if they are needed at all (private audits are likely enough). I can envisage a future where we can simple swap our e-gold/silver as money. Vaults could be distributed around the world, with PMs delivered on demand. Open, clear and simple. People could even choose to let the "bank" lend out some of their money to others. Fractional reserve lending could work fine too, as long as people are aware of the risk of losing their money (no lending is risk free). Hayek discusses such options here: http://www.iea.org.uk/record.jsp?type=book&ID=431. He takes the idea further of having competing currencies of all sorts of types, all operating outside of government control. Whether "hard" currencies would push out the others would only be known from trying it out, but I think a multi-polar, denationalised money world could work very well.

GOLD Thread #22: December 2009 Daily news, comment and analysis on the gold market ===================================== Last page, of Nov. thread: http://www.greenenergyinvestors.com/index....&start=1540 Gold (GLD) versus Gold stocks (GDX) ... update It looks like Gold may fall at least $180-200 from the top, that's about 15%. The last 15% up was heralded as a gia-normous prooof of the bull case, and now they want to brush off a drop of the same size "Stay in step. He's just a small cubby bear. He cannot hurt you!"

Gold shares (HUI) ... update HUI made a nice clear "double top" last week. I missed it, because I was following another Gold stock index : GDX-chart ...which did not quite make it to a Double top, falling short by $1-2.

(there's a striking inconsistency with this): "Chancellor Alistair Darling’s £40bn cut in public spending Alistair Darling will this week tell government departments that the money has run out and they face a three-year cash freeze on spending." I posted this on the 5-Predictions article: QUOTE I think it would be better to listen to some experts that called the 2007 top, and also the rally earlier this year. Podcast: http://tinyurl.com/harri2009 UNQUOTE

I would recommend you NOT forget GLD, since it may give you the clearest indication of buying or selling volumes, which can be a clear & useful metric

Tell me: Why is the Euro better? The Yen? If these two currencies lose altitude, then the trade-weighted US Dollar will firm, perhaps to 80-something, or even USD-92. During that time, which may last for months, Gold might weaken, perhaps by 10%-20%, or even more.

That is a clear probability signaled by the heavy selling volume - the way that I read the charts

Wow! What a clear statement of complacency! (Nothing personal in this, but I think this is very dangerous thinking.) There may be a huge, huge volume of hedgie selling in the days to come. The ocean may be pushing through the straw in the opposite direction.

Added above: Looks like Piedy (JS) is standing in front of a freight train - As the Hedgies exit Gold, locking in those pre-Xmas profits And the fact that JS has a wad of cash from previous trades on Gold doesnt mean gold's a good buy yet either

Added above: Looks like Piedy (JS) is standing in front of a freight train - As the Hedgies exit Gold, locking in those pre-Xmas profits

The Pied Piper speaks! Who is in his kitchen? The gas is full on, and the cook is lighting up a ciggy. PP sees the smoke and says, "Get ready to eat!" Looks like Piedy is standing in front of a freight train - As the Hedgies exit Gold, locking in those pre-Xmas profits

Energy and Stocks look set for a pullback... maybe U too USO/Oil may be ready to breakdown : USO-chart And U.t failed to punch thru resistance at C$7.00 : U.t-chart Other U-stocks were quiet, trading mostly sideways, apart from Pele Mountain/GEM.v, which jumped on big volume

Uranium: Ux U3O8 Price: (11/30/09) US$45.50 (+$2.50); Ux LT U3O8 Price: (11/30/09) US$62.00 The Market: * Ten transactions have been reported over the past week involving about 3.8 million pounds U3O8 equivalent. * Buying interest was widespread, with buyers including U.S. and non-U.S. utilities, traders, producers, and financial entities, which includes existing players as well as new entrants. * A total of 26 transaction involving 5.6 million pounds U3O8 equivalent were reported in November, bringing the annual volume to 49.3 million pounds U3O8e on 213 spot transactions. * Canaccord Adams Top Picks: Hathor Exploration (HAT), Paladin Energy (PDN), Ur-Energy (URE), Uranium One (UUU). Attractive Buys: Uranium Participation Corp. (U) == will consider the merger when I have more time

U.t is still in a downtrend just now ... update I don't think we should take it for granted that it will break on the upside, But I do think it wants watching right now, since it is falling on light volume and approaching an uptrend. I have noticed that several U stocks that I am following are behaving well, and so I have started to buy a few again, as I watch and wait for a clearer sign that an upmove is starting.

Canaccord likes this... I own it too, having traded in and out before HAT.v / Hathor Exploration Limited ... update xx /interview on FS :

Mickey Fulp likes Strathmore /listen: http://www.netcastdaily.com/broadcast/fsn2009-1126-3a.mp3 His website : http://www.netcastdaily.com/broadcast/fsn2009-1126-3a.mp3 FS interview: xxx (3rd interview of 3) STM.v / Strathmore Minerals Corp. ... update : back to 1990 : Weekly-5yrs xx

LAM.t / Laramide Resources Ltd. (TSX) ... charts coming

Exploration and Development U308 CORPORATION UWE : TSX-V : C$0.38 | C$8.80M Speculative Buy, C$1.30 ↑ Getting too big to ignore; target raised to C$1.30 from C$0.90, SPECULATIVE BUY rating maintained Eric Zaunscherb, 1.604.699.0829 Event Drilling by U3O8 Corp. is demonstrating that the Aricheng West zone and newly discovered Aricheng Epsilon target may be part of the same mineralized structure. The company has demonstrated a high level of success at using geophysical surveying and geological interpretation to discover new blind zones of mineralization. Impact - positive We had been valuing U3O8 Corp. on the basis of its compliant resource totalling 7.1 million pounds U3O8. The company's exploration success leads us to increase our basis to a conceptual resource of 15.4 million pounds U3O8 with positive implications for valuation. Valuation and action We apply a discounted mean peer EV/lb multiple of C$2.32 to our conceptual resource estimate of 15.4 million pounds U3O8, increased from the compliant 7.1 million pound Aricheng global resource to generate a C$35.8 million project NAV, increased from C$18.5 million. We attribute nil value to unconformity targets despite significant "blue- sky" potential. We apply a 0.7x target multiple to generate a C$1.30 share price target, increased from C$0.90, previously. We are maintaining a SPECULATIVE BUY rating given a 242% projected return. U3O8 Corp. is trading at 0.1x project NAV and 0.4x corporate NAV. The company is also trading at C$0.41 EV/lb compliant in situ versus C$3.09 For more research and our coverage universe online, visit Canaccord Adams' Research Portal: https://research.canaccordadams.com/