drbubb

NOW that the moment has come, look for the Chinese to start buying gold / Selling dollars. They want to celebrate the arrival of their Gr-8 Nation Temporary (?) bid drop in the Euro (FXE) ... update : to support at FXE-150 It has also come to the 252d.MA / Next support: 300d., then 377d. MA

NOW that the moment has come, look for the Chinese to start buying gold / Selling dollars. They want to celebrate the arrival of their Gr-8 Nation

Makes alot of sense that this could be the right level. Several lows have been called by me (and others) previously, so we shall see Lit NOW!!! Does anyone recall the exact level of the mid-March high?? Remember this?: High Closing Gold was $1,022 (??) x SQRT (Fibo.6812): 0.8257 = Adj.Number .......:

KEY LEVEL : GLD-$84.00 / Gold $852 as Olympic Torch is lit ! Have a look at this chart: update GLD is right on the 252d.MA ! at GLD-$84.00 Remember this?: High Closing Gold was (??) x SQRT (Fibo.6812): 0.8257 = Adj.Number .......: Sure, how's this : =============== $1,032 TOP x SQRT (Fibo.6812): x 0.8257 (that's a meaningful number, SQRT of 68.18% TARGET ======== $ 852 RETRACEMENT LOW Howzat ??

KEY LEVEL : GLD-$84.00 as Olympic Torch is lit ! Have a look at this chart: update GLD is right on the 252d.MA ! at GLD-$84.00

Looking Back ... and Now in August 2008, as the Olympics are about to start

TIMING QUESTION: If you were China, and you wanted to strengthen your currency - by switching some reserves OUT OF DOLLARS and INTO GOLD. When would you do it?: + Before the Beijing Olympics? + After the Beijing Olympics? No prizes for the right answer Benefit: you can lower commodity price inflation Cost: less exports to the US- but they are fading anyway

I repeat my earlier forecast- made when Oil was on its way to $146: + Crude oil will fall to about $100 (target: $80-$110), and then + Crude will soar to $400 by 2010-12 The first part may come within August (and could be retested) - which is sooner than I had thought

Nice chart! I note that: + GLD broke the 200d.MA (near $87.5. $xxx for Gold) yesterday with decent (but not awesome) volume + The 233d.MA ($85.30) is a smidge below yesterday's low at $85.94 (vol. 20.2 million) + The 252d.MA is still lower at about $84.00

GLD Daily chart 200d MA to get tested today. And maybe 252d.MA soon also

There;s never a perfect time to make the switch. I try to do it outside NY trading hours

PLEASE USE the new thread for AUGUST. Thanks Link: http://www.greenenergyinvestors.com/index.php?showtopic=3910

Picked up from the July thread: Personally, I think yesterday's weak opening could have marked a possible of low in Gold

Gold Investment & Trading - #6 : Aug. 2008, Is the summer selloff in CDNX ending? Last month, I subtitled the thread: Are Juniors (CDNX) ready to soar with Gold? I couldnt have been more wrong ! (Note: Alexa ranking was 297,000) END of the July thread: http://www.greenenergyinvestors.com/index....&start=1100

Nice work. Let's shrink it a bit so it's the same height as the top banner (484 x 76 pixels) And place it in the upper right corner of this page for a few weeks. Maybe I can persuade to put a button or banner on CW Radio?

S&P: Home prices drop by record 15.8 pct. in May (YoY) By J.W. ELPHINSTONE, AP Business Writer NEW YORK - Home prices tumbled by the steepest rate ever in May, according to a closely watched housing index released Tuesday, as the housing slump deepened nationwide. The Standard & Poor's/Case-Shiller 20-city index dropped by 15.8 percent in May compared with a year ago, a record decline since its inception in 2000. The 10-city index plunged 16.9 percent, its biggest decline in its 21-year history. No city in the Case-Shiller 20-city index saw price gains in May, the second straight month that's happened. The monthly indices have not recorded an overall home price increase in any month since August 2006. Home values have fallen 18.4 percent since the 20-city index's peak in July 2006. Nine metropolitan cities — Las Vegas, Miami, Phoenix, Los Angeles, San Diego, San Francisco, Seattle, Wash., Portland, Ore., and Washington, D.C. — posted record declines in May. And the value of housing in Detroit is now lower than it was in 2000. But a possible bright spot in an otherwise dismal report, seven metros — Tampa, Fla., Boston, Detroit, Minneapolis, New York, Dallas and Atlanta — showed smaller annual declines. Las Vegas recorded the worst drop, with prices plunging 28.4 percent in the month. Miami came in a close second, with prices down 28.3 percent. /see: http://news.yahoo.com/s/ap/20080729/ap_on_bi_ge/home_prices

Plenty of good links here: http://www.freebuck.com/links.shtml

JPM's find is obviouslt getting redemptions too. And in selling, they may be reacting to rumors that the open HF underlying RSS is getting hit with huge redemptions I am very tempted, and may buy some this week Sure. I think we heard some of this from the same source

FEEDING ON ITSELF One of the reason that Junior miners are under-pressure: RAB's funds are experiencing some heavy redemptions, and RAB Special situations fund (RSS.L) has sold off with that ... update We are seeing this in the pressure on the stock RAB SPECIAL SITUATIONS COMPANY LIMITED (the "Company") The Directors today announce that the estimated Net Asset Value per Ordinary Share based on the estimated value of the RAB Special Situations Master Fund provided by the Investment Adviser as at 10 July 2008 including income was 111.68 pence. It closed Friday at 62.0p - that's a big discount to NAV Date=== Open High= Low= Close Volume Adj Close* 18-Jul-08 63.00 63.60 62.00 63.60 27,300 63.60 17-Jul-08 62.75 64.00 62.00 63.60 35,000 63.60 16-Jul-08 64.00 64.19 60.00 61.59 158,500 61.59 15-Jul-08 72.00 72.00 63.00 63.00 571,100 63.00 14-Jul-08 74.50 75.20 70.00 72.00 469,000 72.00 11-Jul-08 74.00 73.00 72.00 72.02 529,800 72.02 10-Jul-08 74.00 76.00 72.00 76.00 63,700 76.00 9-Jul-08 77.50 78.25 73.00 75.00 586,100 75.00 8-Jul-08 80.50 81.00 76.00 78.40 41,700 78.40 7-Jul-08 86.00 85.00 79.00 80.15 210,800 80.15 4-Jul-08 86.00 86.50 85.00 85.00 14,000 85.00 3-Jul-08 88.25 87.40 85.00 86.60 28,900 86.60 2-Jul-08 95.75 96.00 88.01 89.25 84,200 89.25 1-Jul-08 98.00 96.75 94.00 95.50 39,000 95.50 30-Jun-08 99.25 97.75 96.50 97.01 67,000 97.01 Pressure from: JP Morgan Asset Management (UK) Limited - sold 1 million shares (down to 3mn shs) recently /see: http://www.digitallook.com/news/rns/220391...in_Company.html JPM account for a big percentage of the recent sales: Date of the transaction (and date on which the threshold is crossed or reached if different) (v): 03/07/07 6. Date on which issuer notified: 08/07/07 - It looks like JPM may have continued to sell for a few days Here's RAB Capital (RAB.L /parent co. of RSS's manager) ... update The blue line above is CDNX. The highs and lows of RAB and RSS correlate well with that.

WORTH a look: especially for Beginners MarketClub's animated Gold technical lecture http://broadcast.ino.com/education/gold_cl..._pattern/?we711 "The market really wants to move higher... $1,020, possibly higher" - Adam Hewson

WORTH a look: especially for Beginners MarketClub's animated Gold technical lecture http://broadcast.ino.com/education/gold_cl..._pattern/?we711 "The market really wants to move higher... $1,020, possibly higher" - Adam Hewson

Still no breakout for Juniors / CDNX I don't think the minor breakdown is a big worry - yet As mentioned in Rubino's note... EXCERPT: Louis James is seinor metals analyst with Casey Research, publisher of several highly-regarded precious metals newsletters and generally one of the best sources of junior miner research. He likes the following: Silvercorp (SVM.TO). “Great company with a huge profit margin and fantastic blue sky, hammered hard now for no reason. Buying now could force the shorts to eat their shorts, driving the share price even higher. Company has tracked silver for years, and we expect it to do so again for years to come.” AuEx (XAU.V). “Great project generator, following the JV model with exemplary success. Has substantial stake in several projects with potential for large gold resources (over 1M oz), with work being paid for with Other People's Money. Top management.” Andina Minerals (ADM.V). “Not cheap, but has a genuine monster gold deposit in hand, and it's getting bigger. Excellent infrastructure advantages, new resource calculation due out soon.” Claude Cormier, publisher of the OrMetal Report, has almost made me rich once already. Back in 1998 I wrote a column on gold stocks for TheStreet.com that featured his favorite juniors. One of them was Glamis Gold, which looked promising at $1.50. I bought 10,000 shares and when it doubled I sold, feeling pretty smart. Then I watched from the sidelines as it kept on rising, eventually being bought out for around $40. In other words I could have had a seven-year all-expenses-paid vacation by just holding onto that one stock. So Claude has massive cred here at DollarCollapse. His current take: It is not an easy task to give you my favorite gold stocks in this market because there are so many to choose from. The junior market is truly at bargain levels. At the top of my list is Canplats Resources (CPQ.V), an explorer with a new discovery in Mexico not far from Goldcorp's Penasquito mine. I am guessing that they may have found as much as 3 millions ounces of gold plus good quantities of silver, zinc and lead. The deposits are open in most directions and are growing steadily. My second choice, which could really be in first place as well, is Chesapeake Gold (CKG.V), which has a huge open pit deposit in Mexico containing 20 million ounces of gold, 380 millions ounces of silver plus some zinc. They want to maximize the use of conveyers instead of feeding a truck fleet with expensive oil. This could have a major positive implication for costs. In third position is Detour Gold (DGC.TO) which is developing the Detour Lake deposit in Ontario. It just released an update showing 11 millions ounces of gold. The exploration program is proceeding and more gold will be found. We came in late on this one, so it is no longer a huge bargain. But it should eventually be taken over by a senior company. == == BE CAREFUL of Silvercorp

FORECAST /see: http://www.realestatedecline.com/housingbubblecharts.htm

ORDER hit / I bought some GDX. Sep.$45calls at $5.20 GDXIS GDX SEP 2008 45.0000 CALL Last [Tick] 5.10[ - ] Change -1.30 % Change -20.31% Open 6.30 / Volume 20 Day High 6.30 / Day Low 5.10 == Some will recall, that I traded out of July calls when GDX was between $49.20-50.20

Gawd-deemed Blimpberg ! Once again, they have cutaway in the middle of Ron Paul's question- the highlight of the morning's testimony Doing their best, to keep sheeple dumbed-down