carbon junkie

I am liking this correction in Gold at this time I always favoured the Martin Armstrong June low as it would set us up for a big rally in to 2012.

My take is that the miners will start to find support soon and may even start to lead the next leg up for Gold.

Inflation is very high, going to rise. Growth in China and Germany bigger than expected. QUICK, SELL ALL COMMODITIES!!

 

You couldn't make this stuff up.

 

http://www.bloomberg.com/news/2011-05-11/asian-stocks-gain-on-economic-outlook.html

 

:lol:

Central bankers raising rates to curb inflation is like locking the stable door after the horse has bolted continuously month after month.

Some posters here I notice seem to think that this will be bad for Gold, But of course we know this is not true and gold will shine.

BTFD.

Napoleon Complex?

I thought Ker was either vertically or fiscally challenged!

I reckon its just a cry for help either way!

I am short

My Mum phoned me up this morning because she had heard the business reporter on the BBC suggest the gold bubble was over.

I asked her if she had heard all these people question the housing bubble or the credit bubble or the internet bubble. She said she hadn't.

I told her to start worrying when everyone was on the telly telling you precious metals are the place to be and her broker was telling her to buy.

After all since when have any of the people been any good at spotting a bubble.

Final margin increase doesn't come till monday May 9th.

Was looking at some Gold Gold miner ratios today.

Barrick stood out for me as its cheapened quite a bit in relation to gold. I don't expect the miners to repeat the sale prices of 08 so I'm thinking they won't get much cheaper with respect to gold.

stockcharts gold:abx

Earnings coming up for miners, they might start looking like the winners they should be.

I am pondering here too. But if you want really cheap, look at uranium mines.

Looking at Uranium, Gold and Silver miners at these prices. Already have some but would like to add more.

Looking at Hecla seems cheap its had environmental problems that should be well priced in by now.

Hang on a sec. Isn't Eric Sprott, an uber silver bug/bull in the media? And if the above is true, wouldn't that leave him open to charges of "ramping" in order to profit form it?

If that were true.

He is swapping silver for silver miners its a no-brainer ratio trade.

The CoNmex must be cr@pping their pants for such a huge margin increase. Some hedgies must smell the bl00d now, I would think.

Yes, this is getting ugly now

Silver margin raised again today - doesn't seem to work anymore!

Asia could be interesting Sunday night.

Another larger than 1% move in Gold so far $1556 and larger than silvers move makes a change.

Golds move is double that of GDXJ so far today!!

Second spike of the week second time Bernanke has got up to speak!

It's probably BS but I spoke to a fund manager yesterday who has contacts in the London futures markets. He says there is a deliberate tactic by Chinese entities to buy silver and try to break JP Morgan, because they are so furious at what the US is doing to the dollar.

Someone deliberatley ran it up as Bernanke spoke.

Its Americas Dollar but its eveyone elses problem.

China can be as bothered as they like but Ben won't stop to allow the mercantilist dollar peggers to get even close to the real value for their labours.

Its checkmate and silver and gold are screaming as the true vigilante of the paper printers as the bond vigilante have been taken out by the mercantilist central banks.

China can winge all she likes about currency manipulation but when you are sitting on $2-3 trillion in USD reserves I am afraid that is the smoking gun of currency manipulation right there.

 

WHAT A BLEEDING JOKE I MEAN PPPPLLLLEEEEAAAASSSSSEEEEE.!!!!!!!!!!!!!!!!!!!!

 

Cant they find some real original/decent reason to MANIPULATE the price it really is getting BORING now.

 

ERROLS SWINGS WILL BE IN FULL EFFECT AGAIN TODAY.

Labor Force Participation rate continues to be at a 25 year low of 64.2%

Yeah - what a recovery!!

That is one of my favourite charts

I like it when I am not in a crowd.

Miners getting a good spanking today!

Looks like if you want to halt gold and silvers rise these days you've got to take down the whole market.

I expect to hear the sound of QE3 begging soon.

Halifax down 0.9% MOM and 2.8% YOY

Thats more like it.

The thing with all these internet naysayers and goaders is they are never around when reality bites them on the bum.

Either that or mysteriously the deflationistas seem to have had a collective loss of internet service

We are not group thinkers, quite the opposite, we are `critical thinking` contrarian investors. Gold-[bugs|bulls] have been ridiculed for years, but it doesn't matter we won't be persuaded by nonsensical arguments, whether it's for or against gold. Does anyone here believe everything Jim Willie says, not a chance...

Well put.

You said it. A sovereign was a pound. A GOLD sovereign. They were issued virtually every year from 1817 until 1917.

I am putting you back on ignore now. I find you very troll-like.

Yes and yes

So you actually think gold has magic powers!??

 

Come on dont be so daft

Nope I dont think it has magic powers.

But I do believe you come here to wind people up.

Go get a life and post on a thread you actually believe in.

Gold is just stuff. It has no magic powers. There is plenty of desirable stuff.

If you think like that why come on a gold thread if it isn't to wind people up?

149 posts on a gold thread

Indeed! Where is the green icon? Never mind, it's only paper.

Sniff, sniff.

Its still not too late!

I'd be buying gold miners now if I were still buying but I bought a while back like Pixel so am sitting tight now for the duration.

Another great day for all those still in Great Panther Silver (GPR) with another 11.5% gain today.

 

Who says buy and hold doesn't work, now up 1150% in just over two years.

 

Well done Pixel8r!

Buy and hold is best at these times.

I think you are right though. He did not expect the Fed to go as far as it has. But it has.

All he had to do was read helicopter Bens various diatribes over the years and he would not have made such a fundamental mistake.

Epic fail right there IMO but he compounds it by not taking into account the supply of units he measures in.

BTW in real terms as we all know the Dow never did much of a dead cat bounce.

Sorry for not being PC, but IMO this is borderline retarded.

I think you are being too kind to the bloke.

The units he is measuring his gold price in are simply not comparable to the units in 1932 only the name is the same.

I really wish these fools would stop looking at nominal charts and start looking at things in real terms.

I have made the above point time and time again to defationists and get ignored every time simply because they do not have an answer.