romans holiday Posted October 28, 2012 Report Share Posted October 28, 2012 Dr Bubb, What do you make of this chart ? - http://stockcharts.c...id=p94301476933 Shades of 2006-7 ? Or the end of the bull market? If it were to be done on a log chart it would look more bullish. The use of the linear chart distorts the volatility in the second half making it look extreme to the upside, and then to look more like a break-down. Link to comment Share on other sites More sharing options...
callmejoe Posted October 30, 2012 Report Share Posted October 30, 2012 http://au.news.yahoo...-sold-in-china/ An Australian mint has called in the Federal Police after being shown evidence by Seven News that its gold bars are being counterfeited....... On the front is stamped "Perth Mint Australia", on the back are kangaroos - a close copy of the actual design used by the mint. Link to comment Share on other sites More sharing options...
callmejoe Posted October 30, 2012 Report Share Posted October 30, 2012 http://www.sovereignman.com/expat/gold-in-hong-kong-ridiculously-cheap-spreads-9374/ Gold in Hong Kong: ridiculously cheap spreads Link to comment Share on other sites More sharing options...
drbubb Posted October 30, 2012 Report Share Posted October 30, 2012 http://www.sovereign...p-spreads-9374/ Gold in Hong Kong: ridiculously cheap spreads True Tael spreads are about US$5 (and that's on about 1.2 oz) Link to comment Share on other sites More sharing options...
callmejoe Posted October 31, 2012 Report Share Posted October 31, 2012 So you want a gold backed currency? http://cafr1.com/SoYouWant.html Link to comment Share on other sites More sharing options...
electroweak Posted October 31, 2012 Report Share Posted October 31, 2012 So you want a gold backed currency? http://cafr1.com/SoYouWant.html Stopped reading here... twaddle. Those commercial banks; large international families; and a few countries with gold hovering in the $1600 to $1800 per oz pricing are standing on a potential profit of over 1000%. They can not sell tens of thousands of tons of gold, the gold they own, that 90% of what is held by them on the open market or gold would plummet down to $10 per oz over-night, possibly to $5 p er oz. Link to comment Share on other sites More sharing options...
aardvark Posted October 31, 2012 Report Share Posted October 31, 2012 So you want a gold backed currency? http://cafr1.com/SoYouWant.html lol - nonsense as chris says. Link to comment Share on other sites More sharing options...
callmejoe Posted November 2, 2012 Report Share Posted November 2, 2012 Jim Willie had this to say about Gordon Brown's sale of the British gold http://www.silverdoctors.com/jim-willie-central-bank-gold-rehypothecation-scandal-to-take-gold-to-5000oz/ ... The Bank of England was directed to sell a huge lot of its national gold treasure between 1999 and 2002 to mark the Gold market bottom. It was not sold, but rather handed to D-Bank in order to satisfy a big margin call. They aided both D-Bank and Goldman Sachs, each heavily short and at risk. The Gordon Brown action was done with two unusual signpost markings. The sale was announced in advance, thus permitting front running by London and New York bank buddies. It was done in auction, to assure the lowest possible price. The actions set the low. But the actions bailed out D-Bank secretly..... Link to comment Share on other sites More sharing options...
romans holiday Posted November 2, 2012 Report Share Posted November 2, 2012 Looking at the cup pattern that is forming, the initial corrections and recoveries are deep and steep. The last correction and recovery was shallower with a building equilibrium between selling and buying, and therefore is predictably the base of the cup. The bottom is in. This current correction should slowly grind down to meet the trend line coming off the base, so will in probability only go as low as around 1650. From there, steady buying pressure will form the upwards side of the cup leading to new highs. Gold down to 1670, back to the base of the cup. Link to comment Share on other sites More sharing options...
romans holiday Posted November 2, 2012 Report Share Posted November 2, 2012 double post Link to comment Share on other sites More sharing options...
romans holiday Posted November 2, 2012 Report Share Posted November 2, 2012 Looking at the cup pattern that is forming, the initial corrections and recoveries are deep and steep. The last correction and recovery was shallower with a building equilibrium between selling and buying, and therefore is predictably the base of the cup. The bottom is in. This current correction should slowly grind down to meet the trend line coming off the base, so will in probability only go as low as around 1650. From there, steady buying pressure will form the upwards side of the cup leading to new highs. Gold down to 1670, back to the base of the cup. Link to comment Share on other sites More sharing options...
callmejoe Posted November 3, 2012 Report Share Posted November 3, 2012 http://www.zerohedge.com/news/2012-10-26/vietnamese-banks-who-paid-dividend-stored-gold-were-quietly-selling-it-appear-solven Vietnamese Banks Who Paid Dividend On Stored Gold, Were Quietly Selling It To Appear Solvent Link to comment Share on other sites More sharing options...
drbubb Posted November 3, 2012 Report Share Posted November 3, 2012 Gold down to 1670, back to the base of the cup. Yes, could be set for a nice Rally soonish / After the election maybe? GLD / Gold ...update Link to comment Share on other sites More sharing options...
Perishabull Posted November 3, 2012 Report Share Posted November 3, 2012 Gold sentiment courtesy of www.sentimentrader.com Chart is only up to date as of 30th October, so it's probably down at 50 or lower now, what with the recent drops. Link to comment Share on other sites More sharing options...
Perishabull Posted November 3, 2012 Report Share Posted November 3, 2012 COT chart courtesy of www.sentimentrader.com The small specs have been more overexposed in the last 2/3 months than at any other time in the last 8 years. Could that suggest a larger correction coming? Link to comment Share on other sites More sharing options...
Van Posted November 6, 2012 Report Share Posted November 6, 2012 Hold onto your hats. It's going to go ballistic in Obama gets back in. http://dailyreckonin...election-thing/ Link to comment Share on other sites More sharing options...
klogger Posted November 6, 2012 Report Share Posted November 6, 2012 Hold onto your hats. It's going to go ballistic in Obama gets back in. And apparently even quicker if Romney gets in, or so says Jim Sinclair: Sinclair states that if Romney is elected and follows through on his threats to fire Bernanke, it would ”be the single greatest error made in US financial management ever”, and would result in gold trading above $3,500/oz and a complete US dollar collapse within 6-9 months! The srticle was posted on the 4th November by which time I think the media were proclaiming that Romney was too far behind to catch up, so his call will probably never be tested. Still a nice chance to declare that 'by this time next year, we will all be rich!' Link to comment Share on other sites More sharing options...
halight Posted November 6, 2012 Report Share Posted November 6, 2012 Hold onto your hats. It's going to go ballistic in Obama gets back in. http://dailyreckonin...election-thing/ And apparently even quicker if Romney gets in, or so says Jim Sinclair: The srticle was posted on the 4th November by which time I think the media were proclaiming that Romney was too far behind to catch up, so his call will probably never be tested. Still a nice chance to declare that 'by this time next year, we will all be rich!' Well we wont have long to wait now to hear who win's Link to comment Share on other sites More sharing options...
klogger Posted November 6, 2012 Report Share Posted November 6, 2012 Well we wont have long to wait now to hear who win's A small chance of up to 10 days according to Zero Hedge, but it does seem unlikley that Ohio will be the final decider of who wins so we will probably know much sooner: This year Ohio sent absentee-ballot applications to about 95% of its citizens rather than require people to request one. Anyone who returned the application was then sent an absentee ballot, which then requires them to vote by the absentee ballot and not at a polling station. If they do try to vote at a polling station they'll cast a provisional ballot which must then be held under lock and key for 10 days while the state waits to see if an absentee ballot had been received. At the moment some are guessing that there could be 250K or more provisional ballots as a result of this. That large of a number could easily cause Ohio to not be able to project a winner if the voting is too close to call. Link to comment Share on other sites More sharing options...
drbubb Posted November 6, 2012 Report Share Posted November 6, 2012 The Election... and Gold - from DrB';s Diary Romney himself remains confident: US election: Mitt Romney says he is expecting a 'very solid win The Independent-by Guy Adams-1 hour ago Mitt Romney said that he expected a “very solid win” tonight, extending his campaign into the final hours of voting in order to make an ... and here are some thoughts on how markets might react: Romney Win Could End Wall Street's Easy-Money Party Fox Business-3 hours ago Some stock market prognosticators are envisioning a Romney Rally should the former Massachusetts governor pull off a win Tuesday night. What a Romney Win May Mean for Stocks Wall Street Journal (blog)-7 hours ago Election 2012: Romney Win May Hurt Gold Prices iStockAnalyst-4 hours ago Paradoxically, a "Tie" - where there is NO CLEAR WINNER, may be the most bullish outcome for Gold prices... Since the US would move towards the "Cliff's Edge" with no clear leadership Here's the USD: --------------------- : and Gold: : Link to comment Share on other sites More sharing options...
callmejoe Posted November 7, 2012 Report Share Posted November 7, 2012 http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/6_Massive_Short_Covering_%26_Buy_Stops_Triggered_In_Gold_%26_Silver.html Massive Short Covering & Buy Stops Triggered in Gold & Silver .......... this is massive computer buying at this point. There are just huge sums of money sloshing around the entire commodity complex. The trading is literally a case of hedge funds gorging themselves after selling last Friday. .......... We are no longer dealing with human beings ..... We’re dealing with computers and the volatility they are creating in these markets is tremendous because there is no thought process to it. This is ‘Skynet’ out of control. Silver dropped 4% on Friday and today it’s already up 3.5%. The extent of the price moves are being grossly magnified by the way the computers overwhelm and swamp all of the human traders in front of them. Link to comment Share on other sites More sharing options...
callmejoe Posted November 7, 2012 Report Share Posted November 7, 2012 LOL! I sent that link to a friend and he said that gold will crash. He also said Obama's a shoo-in. Link to comment Share on other sites More sharing options...
drbubb Posted November 7, 2012 Report Share Posted November 7, 2012 LOL! I sent that link to a friend and he said that gold will crash. He also said Obama's a shoo-in. Let's see what he knows. No much, I reckon Link to comment Share on other sites More sharing options...
halight Posted November 7, 2012 Report Share Posted November 7, 2012 The Economics of Disaster by Ron Paul - Daily Paul Published : November 06th, 2012 464 words - Reading time : 1 - 1 minutes http://www.24hgold.com/english/news-gold-silver-the-economics-of-disaster.aspx?article=4117175380G10020&redirect=false&contributor=Ron+Paul Link to comment Share on other sites More sharing options...
callmejoe Posted November 7, 2012 Report Share Posted November 7, 2012 Let's see what he knows. No much, I reckon He's one of the founding members of GATA but doesn't agree with Bill Murphy. Link to comment Share on other sites More sharing options...
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