whoops_apocalypse

OK, fair enough... However, if you take a look at the longer term charts, you may note that the ultimate lows do not have to be put in until some time next year i.e. several months from now, if at all. A truly free market will not tell you this in advance of course...

Why? An explanation would be useful at this stage...

Oh my, it's all getting rather out of hand, isn't it? Or could it be that their brokers wouldn't recognise a gold bar if it hit them smack in the face these days, as it's been such a long time since they last saw any real precious metals...

Kinda reminds me of a poster who went by the moniker of 'Twowave' (anyone remember him/her?), who for months was amazinngly accurate with his TA over on the Kitco forum and would post all sorts of wonderful charts for the week ahead, etc. Then when the big move came i.e. up to +$20/oz, he got all his little followers to go short by posting downbeat charts every week until everyone cottoned on to the fact that they had been had by the time the price breached $15/oz. Needless to say, I enjoyed selling all the silver back them to them at +$20/oz... Now, I'm not accusing Ker of the same tricks or of being wrong, but just reminding everyone why they shouldn't cling on to every word posted by anonymous entities over the net, especially not mine, else you'll only have yourself to blame should things turn against you.

Bob Chapman has an interesting take on silver... If they're planning to launch in December, then one would have to assume that they've been buying a lot in the past few months or are they waiting for Ker's $6.60/oz? Due diligence as always and don't take anything as gospel when it comes from Bob C. as the guy does have a screw loose when it comes to predictions e.g. all out thermonuclear WWIII coming soon and all that cobblers... PS. Sorry Bob if you're watching, but you're sounding like a complete loon as far as geopolitics is concerned...

That's funny, there's a guy (who also goes by the moniker of 'Ker') over on the Kitco forum warning of the same impending doom in the price of silver and convincing others to sell out and to buy back at $6.60/oz in 2 weeks time... See post no. 727 Can't just be coincidence, so I hope you're right Ker as I'm willing and able to fill up the truck should prices fall below $7/oz. There again, if it sounds too good to be true, then it usually is...

A sharp retest of the $9.20 level firmly repelled? Scary stuff indeed...

No I'm not, I was just pulling GF's leg, we were all HPC.co.uk terrorists before it turned into singingpig2.co.uk...

SSC?

You don't mean - quantative easing has begun? PS. Stop putting 3 fullstops after your sentences. They'll think we're the same person and for your sake, I hope that doesn't happen...

All I know is an ounce of gold is fast turning into a monkey for Cockney traders... Trade a little folks, going long and staying long in this environment is soul destroying no matter what you're into, though this weekend's meeting may be an exception to the rule, but who knows... VOLATILITY = OPPORTUNITY

I noticed this too and the fact that the negative rate materialised on a Saturday of all days and was only available for a brief length of time, suggests that someone important sees a low in the gold price around May next year. Could be wrong of course, though I doubt it, as it looks somewhat underhanded to say the least...

Surely this is a mistake? $737.10!!! Ladies and gentlemen, the gsr has gone 1:1.

Yep, should be a great sell signal like the last time... Might be a long wait though if many of the top pundits are to be believed. Well, may be within the next 6 to 12 months as it'll take that long for the deflationary fantasy to subside and the hyperinflationary reality to dawn on most of the plebs. Still, you never know, the COMEX might default before then though I'm sure TPTB will think of something else to keep us all amused in the interim...

An interesting warning from Schiff's sidekick John Browne - not sure what to think anymore tbh... PS. Use Adblock Plus (Download) to prevent Rusky sluts from spreading themselves all over your screen by creating the following filter: http://plagron99.popunder.ru*.

Trade of the century... NOT!!!

Just announced by some bod on Sky News: SEC to ban naked shorting of all equities not just financials...

Perhaps this suggests that the Asian markets will take us to four figures by the morning?

I read this with great interest last week...

Hi GF, Been very busy of late what with work and finding a new rental to park ourselves in for the next couple of years... You guys won't believe the things the missus and I have witnessed in the UK property market lately, should start a thread about it really as some of the anecdotes we have would send shivers down the backs of all but the most doom mongerish amongst you. Perhaps after we've moved next week and broadband has been re-established over at the new place which should be in mid June just before the real fireworks start hopefully... Stay invested you all, as I dread to think what's really lurking around the next economic corner...

An ominous day for the masses it appears... Stocks tanking, unemployment rising at the fastest pace in 22 years, commodities going to the moon and the US$ resumes its date with destiny. Could the dollar collapse (this summer) brigade be correct e.g. James Turk, John Rubino, Jim Puplava, et al.? Well, a hot steamy few months has been forecasted, so make sure you get yourselves some of them gold and silver air-con units just in case...

Has anyone seen this thread on Kitco regarding Paulson's speech? Bush Administration to do away with Commodity Futures Trade Commission

And to recall the flaming we used to get off the HPC mods for even daring to suggest that currency debasement was the most likely outcome... Under the agreement CBs are permitted to sell upto 500 tonnes per year which works out at roughly 10 tonnes per week, so the answer to your question is most likely no. In fact they're helping to support the price as their dumping in recent years filled the shortfall in global gold production and now it doesn't...

Silver up 1.5% today and then there is this brewing up...

That's incredible as I paid around 2% commission when I last bought silver off GM back in the summer of 2006. Just goes to show that you can no longer buy physical silver anywhere near official prices, only paper silver. Note they're quite happy to take your physical at the spot price though...