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re Ackerman “wash out the last of the die-hard bulls”

Posted by Mr.Copper @ 22:31 on July 30, 2015  

I think the main problem is the Dollar is too high. All commodities are priced in dollars. They mover the dollar net lower after 2001, to stop the last 20 year deflation 1980 to 2001. The lower dollar inverted prices higher, created a half ass US economic recovery, but the higher prices inhibit consumption, and promote production, until there is “too much” stuff.

The two plus years of falling prices promoted more use and less production lately. Sooner or later TPTB had better drop that dopey dollar or a lot of producers are going to go out of business.


Gold bear Rick Ackerman reconsiders his $817 target-most interesting.

Posted by Richard640 @ 22:08 on July 30, 2015  

Rick’s Pick for Friday

$ GCQ15 – August Gold (Last:1096.30)

Posted July 30. 9:09 p.m..EDT

I’ve been bearish on gold for so long that my successively lower targets have become almost perfunctory. Lately, I’ve focused on a ‘Hidden Pivot’ target at $817, the attainment of which would presumably wash out the last of the die-hard bulls, clearing the way for a resumption of the long-term bull market. Now, however, I am obliged to consider an alternative possibility — i.e., an explosive move without the washout. Although I lack the imagination to envision such world-shaking news as might cause this to happen, I credit a relatively recent Rick’s Picks subscriber, Michael Gibbons, with jarring me awake.

Gibbons is a market-timer of legend himself, with a high-end service that offers precise, timely trading guidance for 30 vehicles, including commodities, index futures, ETFs, stocks and options. His take on gold, based on the latest Commitment of Traders (COT) report, is that a potentially major move may be close. It turns out that commercial traders have been drastically reducing their short-gold positions, presumably in anticipation of a trend change. Although the commercials are never net-long gold contracts, they are significantly less short than they’ve been in quite a while. And that is good news for gold investors, since, as Michael points out, these guys are seldom wrong at important turning points. The last time they had it exactly right was in May, when they were loaded for bear, so to speak, a day ahead of gold’s steep plunge from a rally spike to 1232 on May 18. The August Comex contract has fallen $160 since, or about 13%.

Over that time, commercial traders have covered a substantial portion of the short positions they held in mid-May. That could explain why gold has remained relatively buoyant during the last two weeks, hovering above a correction target of mine at 1059 without quite being able to reach it. According to Michael, the dramatic lightening of short positions by commercial traders has made a plunge in gold unlikely for now, if not impossible. He further notes that gold could still take another leg down, regardless of how the commercials are positioned.

For my part, no longer lulled to sleep by gold’s tiresome dirge, I will be more intently focused on the intraday charts; for they cannot but divulge the subtle beginnings of an important turn, assuming it comes. Stay tuned if you care! Click here for a free two-week trial subscription to Rick’s Picks that will give you access not only to daily trading ‘touts’, bulletins, updates and impromptu trading sessions, as well as to a 24/7 chat room that draws veteran traders from around the world.

This might be important if we want to be around when gold finally breaks out!!

Posted by silverngold @ 21:46 on July 30, 2015  

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FMR Congressman James Traficant RIP

Posted by commish @ 20:21 on July 30, 2015  

Blue Moon today

Posted by Maya @ 19:25 on July 30, 2015  

Full Moon… second one of the month.  This only happens… (wait for it)…

“Once in a Blue Moon!”        :mrgreen:


Richard640 @ 18:52

Posted by ipso facto @ 19:23 on July 30, 2015  

it looks like they’re saying 43 tons and maybe 80 later …

Still who knows what’s there? How much drilling have they done? What’s the grade? Is it in Bum#uck nowhere?

Armstrong sure is anti-gold these days. Mr. Disinfo

Yep, Armstrong has his own Gold Train…

Posted by Maya @ 19:10 on July 30, 2015  



Armstrong disinformation

Posted by Richard640 @ 18:52 on July 30, 2015  

*Sudan “46’000 Tonnes Gold discovery”

Armstrong once again just lost all his credibility and came out either as a Presstitute, or perhaps a blackmailed parole prisoner, take your pick.

“Well, when it rains it pours. A new discovery of gold has occurred and the quantity expected is up to 46,000 tons, equivalent to a market value estimate of 298 billion U.S. dollars if the market stays the same. The entire U.S. gold reserve is 8,000 tons. So, we are talking about a sizable discovery in the Sudan.”END


I don’t think this reported new Gold find would pass 43-101, or even for that matter a Kindergarten supervisor. If it were anywhere approaching the truth, the media would be full of it, and a huge gold rush would have started.

In his haste to knock down the Gold price for his new mentors Armstrong has once again destroyed his reputation as a “great Guru”.

Sadly Bix picks up on crazy propaganda like this, and ruins his own credibility as well.

Not even Bob Moriarty would fall for the Sudan story, and also, he probably wouldn’t even like the management.

I estimate there is a 1% chance that I am wrong,

Nobody’s gettin rich

Posted by ipso facto @ 16:55 on July 30, 2015  

Sandstorm Gold Announces Record Production in Second Quarter


Barrick Announces Sale of 50 Percent of Zaldívar Mine, Formation of New Partnership with Antofagasta Plc


Yamana Gold Provides Brazilian Exploration Update


Yamana Gold Announces Second Quarter 2015 Results


Pinetree Capital Ltd. Announces Unaudited Financial Results for the Three and Six Months Ended June 30, 2015


Endeavour Mining Q2 2015 AISC/oz of $898, Profit of $33M And $20M Debt Payment in July


Sng ??? Did u try to post something.

Posted by goldielocks @ 15:21 on July 30, 2015  

Hey heat wave all over the place. Hope animals are being protected.

Oro and Goldie

Posted by silverngold @ 14:16 on July 30, 2015  

If thats the CASE

Posted by Ororeef @ 13:27 on July 30, 2015

Then the Guillotine is the Solution !”

I agree that is half of the solution. The other half is to take bribery money out of the decision making. IMO it is WAAAY past time to clean house from the top top the bottom, starting with impeachment at the top and reversing EVERY Executive Order he made so the Constitution is restored to its original state.

How does Hellary get away with it…..

Posted by Maddog @ 14:10 on July 30, 2015  

Hillary Clinton’s curious relationship with major Swiss bank draws attention


Corbett Report: What Is The Alternative Media??

Posted by silverngold @ 13:59 on July 30, 2015  

This is a very interesting few minutes that points out that we the people now have a power we never had before. Is this the reason for TPTB now making their big push to control the world, realizing if they don’t do it now they will never be able to do it?? I think so, and IMO this is not the time to buckle under and throw in the towel!! It’s time to fight back against this tyranny!!

@Maddog – Guess this sums it up.

Posted by commish @ 13:51 on July 30, 2015  


Sng 12:59

Posted by goldielocks @ 13:42 on July 30, 2015  

That’s what it seems to be about, and them ” who sign what they don’t even read, never had control in the first place. The multinationals and others behind the scene know their easy to bribe.

Scum half time update

Posted by Maddog @ 13:34 on July 30, 2015  

After a weak SM opening it’s back to Unch….PM’s tried to rally but have been pushed back to near recent lows especially the shares…Oil as well tried to rally but is now unch… rates are soft and the Dollar is bid.

All in all a very good day so far.

Anyone who still has family this might not get on news

Posted by goldielocks @ 13:33 on July 30, 2015  

Gang members plan to kill 100 people in 100 days in LA.


If thats the CASE

Posted by Ororeef @ 13:27 on July 30, 2015  

Then the Guillotine is the Solution !

Ororeef @ 12:22

Posted by silverngold @ 12:59 on July 30, 2015  

IMO these boom/bust cycles are all created, not accidental happenings by the idiots in charge. However, it appears they have gotten out of control now, but is it because they want to break us all so they can introduce the new monetary system and once again be in total control?? Probably, IMO!!!

Another short proof of weather modification over England

Posted by silverngold @ 12:52 on July 30, 2015  

If Kerry hasn’t read the DEAL

Posted by Ororeef @ 12:51 on July 30, 2015  

and Secretary RICE hasent read it why the F__K are they signing it ?

I got a bridge to sell ya ! its in Brooklyn NY…FOOL !



Ororeef @ 12:22 Money Supply

Posted by Mr.Copper @ 12:48 on July 30, 2015  

I think everybody forgets, the money needs a poor host (18 to 25 year old) to spend it. The non poor don’t really need or want anything more. Note min wage hoopla.

Listen Ketchup BOY !

Posted by Ororeef @ 12:45 on July 30, 2015  

You didnt make the Ketchup business  ..YOU married  it, and the woman you married  didnt make it either  !,She married it TOO  .

The Heinz family of  Republican Senator John Heinz did it.

Kerry sold it and now they are adding High Fructose Corn Syrup to it to increase profit because they paid too much for it…

Thats when I switched over to Hunts..and now they too are adding HIGH FRUCTOSE Corn to theirs   in order to compete with lower cost Heinz.   Everything goes to hell when democrats marry money ..


Kerry aka Ketchup Boy….the American people shud ask for their money back

Posted by Maddog @ 12:34 on July 30, 2015  

Kerry: We Don’t Have ‘Access’ to the ‘Actual Agreement’ on Iran Side Deals


ipso facto @ 9:26 re Armstrong

Posted by Mr.Copper @ 12:32 on July 30, 2015  

Wage and price controls are still here from the 1970s but more stealthily administered. The way I see it the gov’t and big business together control everything, especially labor and materials, for their greater good, until the distortion gets so out of whack, they lose control when the DISTORTION tries to right itself.

Like a Toyota getting 28 miles per gallon to the point of impact and ball of fire, the control freaks had control until Joe Sixpack stopped making mortgage payments.

This chart is a simple view of them having trouble with control.
Copper $1 plus minus .50 cents ’71-’04 control, after ’74 trouble.

Gold pretty much same thing until ’04.

Cattle, same:

Oil same:

They all look the same. Armstrong is a barbarous relic regarding the history of the economy and how it works.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.