G0ldfinger Posted November 3, 2010 Author Report Share Posted November 3, 2010 This correction is pathetic. What do the top callers say? Do they have good news for me? Cheaper gold, please! Link to comment Share on other sites More sharing options...
DoctorSolar Posted November 3, 2010 Report Share Posted November 3, 2010 What do the top callers say? Do they have good news for me? Does this missive from a former GEI regular help? Medium term gold is going to 1050, and long term (by the end year) it is going to 700 because such rising wedge on the monthly is very bearish. If strong bounce of the channel is confirmed I expect it to do an A-B-C move to 1050 rather quickly. http://seekingalpha.com/instablog/481054-k...o-short-to-1050 Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 3, 2010 Author Report Share Posted November 3, 2010 Beautiful!! I'll buy at the end of the year then at $700. After all, what's a printed $100 Billion a month anyway? Peanuts! Does this missive from a former GEI regular help? Link to comment Share on other sites More sharing options...
Schaublin Posted November 3, 2010 Report Share Posted November 3, 2010 Does this missive from a former GEI regular help? http://seekingalpha.com/instablog/481054-k...o-short-to-1050 Ker up to his old tricks. I wonder how many people are sucked-in to the mumbo-jumbo of extrapolating the future from looking at charts. It reminds me of the old con of subscribing to a service which sends you the name of a winning horse with the proviso that you will pay them a fee only if their prediction is correct. The names of different horses are sent to different people on the list ensuring that there are always some happy punters convinced that the service has 'inside information'! Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 3, 2010 Author Report Share Posted November 3, 2010 Ker up to his old tricks. He's lost 10% (or more) since August!! Shorting gold & silver!! It's like building a sandcastle when you see already the tsunami out there. Simply delusional. Link to comment Share on other sites More sharing options...
Perishabull Posted November 3, 2010 Report Share Posted November 3, 2010 Ker up to his old tricks. I wonder how many people are sucked-in to the mumbo-jumbo of extrapolating the future from looking at charts. It reminds me of the old con of subscribing to a service which sends you the name of a winning horse with the proviso that you will pay them a fee only if their prediction is correct. The names of different horses are sent to different people on the list ensuring that there are always some happy punters convinced that the service has 'inside information'! Heyyyyyyyyy....wait a minute, when I logged into his instablog he had a chart posted saying gold's going to $1500! Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 3, 2010 Author Report Share Posted November 3, 2010 Heyyyyyyyyy....wait a minute, when I logged into his instablog he had a chart posted saying gold's going to $1500! He says short silver, on August 31. Silver at $19. On Oct 31, two months later, silver is at $25. A loss of 32% in 2 months, and silver is only getting started now that JPMoron and HBSC can't manipulate so easily anymore. Link to comment Share on other sites More sharing options...
warpig Posted November 3, 2010 Report Share Posted November 3, 2010 Yes. Do you still stick by your prediction of sterling gold rising to about £2000 t.oz in 12-18 months? Link to comment Share on other sites More sharing options...
warpig Posted November 3, 2010 Report Share Posted November 3, 2010 The crazy thing is he won't admit he's wrong, only that he isn't right yet... Having the courage to admit you were wrong is an admirable quality in my book. He says short silver, on August 31. Silver at $19. On Oct 31, two months later, silver is at $25. A loss of 32% in 2 months, and silver is only getting started now that JPMoron and HBSC can't manipulate so easily anymore. Link to comment Share on other sites More sharing options...
warpig Posted November 4, 2010 Report Share Posted November 4, 2010 Gold has bounced back nicely. Link to comment Share on other sites More sharing options...
romans holiday Posted November 4, 2010 Report Share Posted November 4, 2010 A bird's eye view: Link to comment Share on other sites More sharing options...
romans holiday Posted November 4, 2010 Report Share Posted November 4, 2010 More Stealth Gold Buying, This Time it’s Iran to the Tune of $15B http://dailyreckoning.com/more-stealth-gol...aily+Reckoning) 11/02/10 Stockholm, Sweden – Perhaps the only thing more common these days than central banks increasing their gold holdings, is their ability to do it on the sly. Much like Saudi Arabia came out of nowhere to announce it more than doubled its gold reserves to 323 tonnes, Iran recently came out of the blue to announce it’s added about $15 billion worth of gold to its foreign exchange reserves. According to Mehr News Agency: “[Central Bank governor Mahmoud Bahmani] said that the country’s foreign currency reserve has gained several billion of dollars as a result of the rise in global gold prices. Bahmani said on October 23 that according to World Bank statistics Iran has $100 billion in foreign exchange reserves. “Provided that the World Bank statistics are true any country with this amount of reserves would never hit a dead end, ISNA news agency quoted Bahmani as saying. “It may be possible to exert pressure on a small country with $4-5 billion reserves, but the situation in regard to Iran is different, he said in a reference to efforts by Western countries pressure Iran financially. “He pointed to Iran’s gold reserves and said it had multiplied several times in the past two years. Bahmani went on to say that currently gold consumption in the country is 30 tons per year and if the Central Bank doesn’t add to its gold reserves there will remain ample supplies for the next 10 years.” Now, along with Saudi Arabia, Russia, and China, Iran is joining the club of surreptitious gold-hoarding nations. There appears to be ample evidence this club won’t stay too exclusive for very long. You can read more details on the story in Mehr News Agency’s coverage of how Iran now has no need to import gold for about a decade Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 4, 2010 Author Report Share Posted November 4, 2010 Gold has bounced back nicely. The top callers and bubble sayers have been destroyed and totally embarrassed. 100% guaranteed. This "correction" was still-born right from the start. Shorters like Ker have made a 10%-32% loss since the end of August alone. Where is my cheap(er) gold!?? I am so annoyed. EDIT: What I need is a really good top caller, the likes of Jim Sinclair, who called the +$800 top in gold in January 1980. All others are just smoke, fog, noise, or worse. Link to comment Share on other sites More sharing options...
Pixel8r Posted November 4, 2010 Report Share Posted November 4, 2010 A bird's eye view: Here's a closer in view which shows the current trend; Link to comment Share on other sites More sharing options...
romans holiday Posted November 4, 2010 Report Share Posted November 4, 2010 Here's a closer in view which shows the current trend; Looking at the long term chart, US/ gold has not held that sort of trend line for long. If gold doesn't retrace a little here, it could well track side-ways for a bit.... consolidating until it hits the longer term trend line. Link to comment Share on other sites More sharing options...
Pixel8r Posted November 4, 2010 Report Share Posted November 4, 2010 Sure signs of cartel manipulation in the gold market yesterday. How much more blatant can they make it? Link to comment Share on other sites More sharing options...
warpig Posted November 4, 2010 Report Share Posted November 4, 2010 Agreed, gold is finding it's way in to strong hands. There must be armies of people buying the dips now... Good! The top callers and bubble sayers have been destroyed and totally embarrassed. 100% guaranteed. This "correction" was still-born right from the start. Shorters like Ker have made a 10%-32% loss since the end of August alone. Where is my cheap(er) gold!?? I am so annoyed. EDIT: What I need is a really good top caller, the likes of Jim Sinclair, who called the +$800 top in gold in January 1980. All others are just smoke, fog, noise, or worse. Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 4, 2010 Author Report Share Posted November 4, 2010 Jim Sinclair on KWN. http://kingworldnews.com/kingworldnews/KWN...aded_to_56.html ... I don’t think QE is good, and I wouldn’t defend the economics of it but I don’t think there was any alternative. The need for the QE basically to infinity and that’s I think what you can call today as a watershed event, the need basically is because the balance sheets of the financial community are all a product of FASB’s permission to value assets that don’t exist, that aren’t there, that are entirely fabricated. The Fed has a better picture of the financial condition of US entities than any central bank anywhere. The Fed has the entire picture of what it’s holding on its balance sheet, the Fed knows the extent and difficulty of the problem. The Fed has kicked the can down the road one more time because there is no other choice. If the Fed hadn’t acted to bail out the international investment banks when the over the counter derivative meltdown first came, you would have had a roll over you wouldn’t believe. So you are stuck between a rock and a hard place, it isn’t right what they are doing but there is no other alternative.” ... Are we in a depression? “We are in unchartered waters with business folding over. We don’t know what the name will be for this. One thing we do know is it’s not dollar positive and that the only insurance out there that would react positively to things we can’t control such as Fed decisions is gold.” Is it ok to let gold run in a day or two? “I don’t think you can really control it. I think that gold will run but as of today, whenever the boss speaks, we’ll call him the financial boss, there is always intervention to make the boss look good. It’s never failed, it will always be so, and it is so today.” Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 4, 2010 Author Report Share Posted November 4, 2010 FOR CR@P'S SAKE! Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 4, 2010 Author Report Share Posted November 4, 2010 OK, I'm FED up watching this. I think I will check back tonight, and it better be at $950 to make me really happy. Top caller, where are thou? Link to comment Share on other sites More sharing options...
DoctorSolar Posted November 4, 2010 Report Share Posted November 4, 2010 Top caller, where are thou? Well apparently we had the triple top on September 10th but sadly we ran immediately straight up! http://www.neuralnetwriter.cylo42.com/node/3475 "that's telling me we have a triple top, what it's really saying is the Dollar, the Dollar Index wants to run higher" Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 4, 2010 Author Report Share Posted November 4, 2010 A gold short and a gold swing trader that have been spotted recently: Link to comment Share on other sites More sharing options...
warpig Posted November 4, 2010 Report Share Posted November 4, 2010 Link to comment Share on other sites More sharing options...
warpig Posted November 4, 2010 Report Share Posted November 4, 2010 I've just watched the video in that link and I feel completely confident in saying, Tom O'Brien is a fuckwit. Well apparently we had the triple top on September 10th but sadly we ran immediately straight up! http://www.neuralnetwriter.cylo42.com/node/3475 Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 4, 2010 Author Report Share Posted November 4, 2010 OK, I'm FED up watching this. I think I will check back tonight, and it better be at $950 to make me really happy. Top caller, where are thou? Well, it's pretty dark outside in my neck of the woods. Do my sore eyes see gold at $950? Nope! And silver seems to want to break $26 tonight. Bless it! Link to comment Share on other sites More sharing options...
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