Errol Posted May 1, 2011 Report Share Posted May 1, 2011 http://jsmineset.com/ Link to comment Share on other sites More sharing options...
Errol Posted May 3, 2011 Report Share Posted May 3, 2011 Relax, It Has Always Been This Way Silver helps and silver hurts. Silver did its normal silver thing. As poor man’s gold, silver always gets over speculated on minimal financing among the believers. Then, as today, believers get sold out by the short play to follow. There is no top in gold at this time, nor in all probability in silver. In truth, the action is beneficial to the ability of gold to scale the heights 2011-2015 defined by Alf Fields and Martin Armstrong. http://jsmineset.com/ Link to comment Share on other sites More sharing options...
stobar Posted May 5, 2011 Report Share Posted May 5, 2011 Relax, It Has Always Been This Way Silver helps and silver hurts. Silver did its normal silver thing. As poor mans gold, silver always gets over speculated on minimal financing among the believers. Then, as today, believers get sold out by the short play to follow. There is no top in gold at this time, nor in all probability in silver. In truth, the action is beneficial to the ability of gold to scale the heights 2011-2015 defined by Alf Fields and Martin Armstrong. http://jsmineset.com/ "Put a french curve on silver and you will see the bottom change in trend event." Has anyone tried this yet? Link to comment Share on other sites More sharing options...
G0ldfinger Posted May 5, 2011 Author Report Share Posted May 5, 2011 "Put a french curve on silver and you will see the bottom change in trend event." Has anyone tried this yet? In the old days Axstone would always do it. Link to comment Share on other sites More sharing options...
stobar Posted May 5, 2011 Report Share Posted May 5, 2011 In the old days Axstone would always do it. Where are you Pix? Link to comment Share on other sites More sharing options...
Pixel8r Posted May 5, 2011 Report Share Posted May 5, 2011 Where are you Pix? We left the french curve ages ago. Link to comment Share on other sites More sharing options...
drbubb Posted May 5, 2011 Report Share Posted May 5, 2011 URGENT UPDATE needed from Piper... Looks like fiat has gone on a rampage ! Guidance needed. Are buy-and-holders panicking ? Link to comment Share on other sites More sharing options...
drbubb Posted May 5, 2011 Report Share Posted May 5, 2011 We left the french curve ages ago. maybe you should use a "reverse smile" curve ? Link to comment Share on other sites More sharing options...
G0ldfinger Posted May 5, 2011 Author Report Share Posted May 5, 2011 :lol: URGENT UPDATE needed from Piper... Looks like fiat has gone on a rampage ! Guidance needed. Are buy-and-holders panicking ? Link to comment Share on other sites More sharing options...
Errol Posted May 5, 2011 Report Share Posted May 5, 2011 URGENT UPDATE needed from Piper... Looks like fiat has gone on a rampage ! Guidance needed. Are buy-and-holders panicking ? lol? Physical holders? Why would anyone panic? Link to comment Share on other sites More sharing options...
Errol Posted May 5, 2011 Report Share Posted May 5, 2011 Simply stated, the drop at this time will in retrospect be seen as the foundation for gold trading not at $1650 but rather at $5000. Armstrong was right and wrong. He looked for a reaction in gold at a time it would not happen, to a price that simply did not and will not occur. He is absolutely right that as June approaches this type of action is the foundational proof of a major move in gold coming out of June and continuing with the normal drama into 2015. Relax! http://jsmineset.com/ Link to comment Share on other sites More sharing options...
Perishabull Posted May 5, 2011 Report Share Posted May 5, 2011 URGENT UPDATE needed from Piper... Looks like fiat has gone on a rampage ! Guidance needed. I AM BILLIE PIPER. THE PIPER'S EVIL SISTER. FIAT IS CHEAP. BUY ALL THE ******* DIPS IN THE DOLLAR. YOU WILL NOT BE SORRY. MUHAHAHAHAHAHAHAHA. PS. MUHAHAHAHAHAHAHAHAHAHA. Link to comment Share on other sites More sharing options...
drbubb Posted May 6, 2011 Report Share Posted May 6, 2011 "Are buy-and-holders panicking ?" lol? Physical holders? Why would anyone panic? Somebody is selling! Did you see that MASSIVE VOLUME yesterday? ... GLD chart I don't think the shorts are adding here, they are mostly covering now (I would have thought.) Piper says, "Relax. $5000 is coming." But I say: Don't miss those mouth-watering opportunities. Some strict Buy&Holders are too weighed down by their ideology. I noticed that many here were flexible enough to switch from Silver to Gold near the $50 peak. Well done. And even better done, if you switched to Platinum, or hedged with some puts. Link to comment Share on other sites More sharing options...
Errol Posted May 6, 2011 Report Share Posted May 6, 2011 He speaks of physical only (held youself - which is inherently harder to 'switch'). He has always cautioned against trading and is totally against any kind of leverage. There is no issue here. People seem to be confusing holding physical with trading or saying that those who hold should be trading in and out. Not sure why people can't just be left to do their own thing. Gold is going to $5000+. The fact that it may not get there today, tomorrow or in 5 years time is irrelevant. Link to comment Share on other sites More sharing options...
Pixel8r Posted May 6, 2011 Report Share Posted May 6, 2011 Another reason for not attempting to trade or swap too much physical on this dip for me was the capital gains tax allowance. If you have to pay 18% tax + the commission to re-buy physical metal it makes the trade less attractive, especially when you know the metal is going to increase a lot in the future before you need the cash. I like to keep my swaps within cgt allowance if possible to save on tax payable and keep ounces. Link to comment Share on other sites More sharing options...
drbubb Posted May 6, 2011 Report Share Posted May 6, 2011 He speaks of physical only (held youself - which is inherently harder to 'switch'). He has always cautioned against trading and is totally against any kind of leverage. There is no issue here. People seem to be confusing holding physical with trading or saying that those who hold should be trading in and out. Not sure why people can't just be left to do their own thing. Gold is going to $5000+. The fact that it may not get there today, tomorrow or in 5 years time is irrelevant. I don't make any distinction. (It won't matter until there is a genuine shortage - & we haven't seen one yet.) And paper Gold & Silver have the added advantage of being more flexible from a leverage and options point of view; plus being somewhat "safer" from a storage point of view. (That is, if a burglar breaks in, and steals my brokerage account statements, I have lost nothing important.) It is dangerous to pick a number that you "know" gold will move up to - Remember the Piper's $1650 miss? Listen to old pro Bob Hoye talk about the prospects for Gold and Silver about 60 minutes into this podcast: http://radio.goldseek.com/shows/2011/04.22.2011//GSR-04.22.11-cc.mp3 (He is giving Chris Walzek an important lesson, but Chris seems not to hear it. Steven Leeb then sensibly talks about a $48-50 high on Silver. Good on him !) Link to comment Share on other sites More sharing options...
G0ldfinger Posted May 6, 2011 Author Report Share Posted May 6, 2011 Bubb, don't you think you take this little correction during a mulit-year (if ot decades) bull market in precious metals too seriously? I mean, come one, no one will be talking much about this in 2 years time. Link to comment Share on other sites More sharing options...
Pixel8r Posted May 6, 2011 Report Share Posted May 6, 2011 Oversold on silver now, it looks like a good buying opportunity to me. We don't appear to be oversold very often or for very long. Link to comment Share on other sites More sharing options...
Errol Posted May 6, 2011 Report Share Posted May 6, 2011 Today’s action totally eliminates all and any concern for the price of gold. Today’s action lights up the $1764 Angel in gold. Technical damage always requires technical repair. That type of price action is a perfect set up for a major launch of the gold price in June. Relax and enjoy your protection and insurance positions. Regards, Jim http://jsmineset.com/ Link to comment Share on other sites More sharing options...
drbubb Posted May 7, 2011 Report Share Posted May 7, 2011 Bubb, don't you think you take this little correction during a mulit-year (if ot decades) bull market in precious metals too seriously? I mean, come one, no one will be talking much about this in 2 years time. I will let the market show me how serious it is, and not decide how big the correction is before it is done. I have no preconceived price in mind for Gold, and have seen that this sort of notion of "manifest destiny" in commodity markets leads to bad trades and missed opportunities. I see DANGER in this type of thinking: $1764 Angel Starts To Shine Posted: May 06 2011 By: Jim Sinclair Dear Friends, Today’s action totally eliminates all and any concern for the price of gold. Today’s action lights up the $1764 Angel in gold. What happened to his "$1650 Angel"? It seems to have died of abandonment and starvation back in January. Link to comment Share on other sites More sharing options...
G0ldfinger Posted August 2, 2011 Author Report Share Posted August 2, 2011 I am getting this thread ready -- just in case it happens today. Link to comment Share on other sites More sharing options...
aliveandkicking Posted August 2, 2011 Report Share Posted August 2, 2011 I am getting this thread ready -- just in case it happens today. Jim Sinclair ought to be feeling pretty good either way. To my way of thinking the 1650 call for a few months ago was still a great call Link to comment Share on other sites More sharing options...
stobar Posted August 2, 2011 Report Share Posted August 2, 2011 I recall a writing from Jim a while ago stating he would be leaving us at $1650. I wonder if he has changed his mind? We shouldn't have to wait too much longer to find out... Link to comment Share on other sites More sharing options...
G0ldfinger Posted August 2, 2011 Author Report Share Posted August 2, 2011 $1,650! Congratulations to Mr. Gold: Jim Sinclair! ... for the investment call of the century! No manic-depressive trading is needed, no fearful paper shuffling with liabilities not worth the paper they have been written on. Good old gold has done what it has done for thousands of years, and will continue to do. Don't sell your gold now, don't be stupid. The Sinclair gold price model hints at a price of $16,000 an ounce today if gold was to go back to ratios it has gone to before in the 1970s and 1980s. Don't listen to the "gold pays no dividend" morons, they don't understand what they are dealing with. Link to comment Share on other sites More sharing options...
electroweak Posted August 2, 2011 Report Share Posted August 2, 2011 Hat-tip to one of the greats. What's 7 months between friends? Link to comment Share on other sites More sharing options...
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