Loading ...man o man this is lousy. I know I should have gone into Enron bonds instead of gold….ugh and pooo ba\hh a second time….oh the pain and suffering…..
ok ok I had to do it since there is so much good and happy campers today including our good buddy buygold the downtrodden! well somebody had to take up the slack didn’t they? bwahahahahahahahaha
really great action today…now multiple closes above the 200dma and its off to the races. another thing is today is wed too. 
wj
ahhhh what a crappy day….pooo bahhh
Bill Holter
Dear CIGAs,
It has been a while since I have written anything close to being considered a “rant”. Instead, using cool and common sense logic of connecting dots for readers has been my method of choice. Over just the last several weeks, the “obviousness” of what is coming has been astounding. I can only wonder why the “inevitable” has not yet been seen by the masses? Though Mark Dice giving the choice of a candy bar or a 10 ounce silver bar …only to run out of candy may be the answer?
The tone has definitely changed in the markets, nearly ALL markets. Maybe it is because of the things I wrote about recently, central bank’s loss of credibility or U.S. power and strength being questioned not only in the Middle East and elsewhere? Mainstream media who barraged the gold market with hit pieces and laughed at anyone not in equities only two months back have had to change their tone dramatically … because they had some explaining to do.
For brevity let’s just look at the gold and silver markets. While recently talking to Jim Sinclair, he said the price of gold is like someone walking up to you in a clown suit and wondering why you thought something might be wrong? I ask you this, what do you suppose will happen with silver and gold after UBS http://www.zerohedge.com/news/2015-09-28/ubs-about-blow-cover-massive-gold-price-rigging-scandal becomes the state’s witness in Switzerland’s gold rigging investigation? Before going any further, doesn’t this just confirm that us “conspiracy whackos” or “GIAMATTs” (gold is manipulated all the time) according to the Norcini’s/Gartman’s/Christian’s and Casey’s of the world …were correct? Are we to believe gold and silver are THE only markets in the world that are not manipulated? Only an idiot or the disingenuous could believe this!
It is most obviously clear the world needs to REFLATE. Not just part of the world, the entire world …which includes China as their bubble has burst. Zerohedge remarked yesterday http://www.zerohedge.com/news/2015-10-12/why-gold-surging-bofa-says-expect-massive-policy-shift-2016 “if China is indeed set to reflate at all costs, watch as a few hundred million Chinese drop their infatuation with the housing and stock bubbles, and go back to the one asset class that throughout history has been the best defense for currency devaluation and runaway inflation.” I ask, what do you suppose will happen to gold and silver?
As for the crazy “gold bugs”, what the heck has happened to them? They were on the right track and now become scared and petrified …just at the very moment they will need their insurance! The brain washing has worked, even the once sane are questioning their sanity! As Jim has said, “this is most probably the bull market in gold you never sell” …yet hard money people are in a panic?
Let me explain the above and also answer the question in the title. Simply put, gold and silver will ultimately go “no offer”. The laughable inventories at COMEX and LBMA will be gobbled up and erased within mere minutes. Gold will go into hiding and not be offered at any dollar price…for “a time” but I’ll get to this shortly. What “price” will gold reach in dollars? This is a question no one can answer because we have no idea how many new dollars will be created by the Fed to battle the financial monster of their own making. We also have no idea if even one ounce remains in Ft. Knox. Is the number $5,000? $10,000? $50,000? When literally $100’s of trillion in debt and over $1 quadrillion in derivatives come down (and they mathematically will), they will seek the safe haven of “cash”. “Cash” without liability that is! The above ground gold stock is only about $5 trillion, what do you suppose will happen when several $100 trillion sets their sight on the safety of real money? The number of $50,000 may be off by a zero or two!
As for Jim’s comment about this rally being the one you never sell, I’d like to clean this up a bit. “Never” is a very long time and one should “never say never”. What he meant to say is this, this coming rally will be the one you NEVER sell for dollars, euros, yen, pounds or maybe even yuan. It will be foolish to “sell” your gold for a fiat currency …ANY fiat currency. I believe when the system breaks and gold does go into hiding, it will not reappear for sale until new and credible currencies are issued. The mindset will change and holders of gold will only be coaxed to sell for something they can have confidence in. It is this thought process which will be at the center of asset repricings as we reset.
Let me finish with this, I and many others have been called “fearmongers” for writing about the coming collapse. “We”, those who said these same things in 2007 and 2008 were branded fearmongers then also. The thing is this, nothing has changed, nothing has been fixed and in fact the world is more in debt and further leveraged than it was back then. This is 2008 all over again only worse and this time …the global central banks and sovereign treasuries cannot ride in and fix anything because they have already blown their credibility!
We live in a world which is financially foundationed by the currency of a bankrupt issuer who prints this money to purchase their own bonds. Several $100 trillion of debt and over $1 quadrillion in derivatives rely on this currency for their “value and pricing”. It amazes me how so many people who once knew “what” exactly they owned, now don’t even have a clue because of the psy ops so well orchestrated. This is for ALL THE MARBLES and THE MOST IMPORTANT CROSSROADS IN MODERN DAY HISTORY! Please dig deep for your own common sense and logic …your financial life depends on it !
Standing watch,
Bill Holter
Holter-Sinclair collaboration
Comments welcome! bholter@hotmail.com
Here’s Larry, pissing in our Cheerios’s and raining on our parade.
| Gold and Silver: When Will They Bottom? | |
| by Larry Edelson | |
Dear Randy,
I hope you’ve been following my forecasts for the precious metals. If not, then here’s a brief summary of all the opportunities you missed …
Eleven days after gold’s record high, I give my Real Wealth subscribers specific recommendations to exit or hedge their gold holdings. Gold plunges almost $200 an ounce.
Goldman turns bullish again after the mid-April 2013 devastating gold rout. I say no: Gold is set to fall more.
You can see all the dates and twists and turns in gold and my forecasts in this chart here. Since I initially forecast gold’s interim bear market way back on Sept. 18, 2011, by April 2013 gold had plunged more than 28% while the average mining share had lost more than twice that, a whopping 59.8%.
Gold and silver begin their next leg down. Gold plummets from roughly $1,350 to its July 2015 low of $1,073. Silver from its July 2014 high of near $22 to its August 2015 low of just under $14. So how much longer will the precious metals bear market last? And how about their latest rallies — are they the real thing? No one knows for sure, and anyone who says they do is full of it. But I do have models and tools that I believe can get us close to the bottom. Just like they did in September 2000, or the wicked decline in 2008, or very near the top in 2011. I can’t give you my detailed forecast in this column. It’s not fair to paying subscribers. But I can tell you this … A. The bear market in precious metals is not yet over. B. The final lows though, may not be that far off in time. And … C. When they do come, gold is likely to be well below $1,000 and silver near $13, or lower. Moreover, when those lows do come, almost everyone will be proclaiming the death of precious metals. Another question … Why are precious metals collapsing when all is not well with the world? There are several reasons and I’ve written about them numerous times. But there are three chief reasons … First, from a cyclical and technical perspective, it’s just not time yet for their interim bear markets to come to a close. Nor is it time yet for the next phase of their long-term bull markets to reemerge. Second, deflation still has the upper hand right now. It’s everywhere, from sliding prices in Europe, to Asia, to Japan and the U.S. Most recently, it’s Germany that’s now feeling the pain of deflation, with its economy rolling over, industrial production sliding. Economic growth stalling and little or no inflation. Third, there are still too may bulls in the market. They jump all over every rally, like the current one, proclaiming a new bull market is at hand. But that’s not how markets work. Important lasting bottoms occur when the majority of investors want nothing at all to do with that market. Conclusion: The precious metals bear market is not yet over. But the potential for it to end soon is now within sight. 80 to 85 percent of the price declines are over. It’s time to start paying very close attention to the precious metals, which I am of course doing. Best wishes, Larry The investment strategy and opinions expressed in this article are those of the author’s and do not necessarily reflect those of any other editor at Weiss Research or the company as a whole. |
September 2000: Gold was trading at the $255 to $265 level. That’s when I turned bullish on gold as the Co-Editor of Safe Money Report. Gold began an 11-year bull market.
Whoo Hoo What a Day!
We’re on our way to Squillionaire Acres! 🙂
Buygold
Agreed …..somebody must be seeing huge up percentage moves in the PM shares, while the rest of the mkt looks weak…
Maddog- you called it
It took them 35 million shares in the last five minutes but they were able to knock GDX down $.10
I guess we’ll know that things have changed if we get upside follow thru tomorrow.
NFLX (Netflix) laid an egg on earnings – down 13% AH
Standard kamikaze selling of PM shares on the close
no way was GDX gonna get a 17 handle.
Pissing billions of paper dollars away, to achieve what ???????
Here’s a movement I know you’ll want to support!! LOL!!!
Help Obama Kickstart World War 111!!
Maddog
I dunno, definitely lots of offers but bids seem to be overwhelming them.
We’ll see what the last few trades look like. I expect they’ll be monsters.
Love seeing the pig SM and USD get hammered.
Just print them a trillion – problem solved
Illinois To Delay Pension Payments Amid Budget Woes: “For All Intents And Purposes, We Are Out Of Money Now”
Submitted by Tyler Durden on 10/14/2015 – 14:47 
ILLINOIS WILL DELAY PENSION PAYMENT BECAUSE OF CASH SHORTAGE
Ipso, samb
Giddy up!
samb – good call
We have such a long way to go, I’m just hoping we’re starting the 3rd upleg/manic phase we’ve heard so much about since the bull started. It sure seems as though the fundamentals are lining up and the USD rally of the last few years might finally be coming to an end.
Right? RIGHT???
From Richard Russell
Breach Of $1,250 Confirms New Bull Market In Gold
I use $1,250 as the point of no return for gold. If gold betters $1,250 and stays there, I think we will have confirmation of a new bull market in gold.
silver tick chart looks like a wall at 16.19
the scum are digging in their heels (for a while)
Ipso and All
Armstrongs take on gold.
Getting to the point by passing fundamentals sometimes people don’t get through anyways of why money will move from public to private on speciation interest rates will rise and bonds will tank.
Gold is rallying to test the first key Bullish Reversal at 1187. This is what these number do. That showed how far gold must rally to even get bullish on a sustainable basis. This is the Panic Cycle Target. We have a Directional Change Next week. We need a weekly closing above 1210 and a monthly closing above 1225 to show any sustainability here and now.
Samb @ 14:35
Roger that. Go Baby Go!
We’ve got a lot of healing to do.
goldielocks @ 14:35
LOL I think that’s it! 🙂
IPSO @ 13:58
Horse wants to run, good…let him run. No danger yet..imho.
Ipso 13:58
Yep, it’s called post traumatic stress disorder.
Ipso
Yep poor guy would go out of business paying those wages and having to raise the prices and nobody shops there. Poor guys got the right idea but going about it in the wrong way. Rise in wages is never going to keep up with prices AND taxes due to the greed factor. They sacrifice nothing but the future and presently the present. 🙁 lol
Gold is going up so easily
Makes me suspicious!
goldielocks
I’d like to see Bernie run a small business. Maybe a shoe store or haberdashery.
re-test
support @ $16.05 ~ silver looks like it passed the test.
gold claws its way over $1180.
i do like an upward grind better than a downward drip.
Portugeezer, Buygold, Ipso
Yep. Most shootings revolve around drugs, drug gangs, or prescription drugs but you as don’t hear them calling to ban or recall certain drugs or making others legal to help stop the gangs or cartels. They make it the gun seller or manufacturers fault that’s not going to solve the core problem. It’s like taking your car away because your neighbor ran into a crowd of people.
The Pharma’s get a free pass a lot. I look at these troll vaccine promoters who deny they do any harm and want to push them in kids without informed consent or a right to choose as well as how much they vaccinate at once no different than these punks who shoot a cars or in houses killing a kid sleeping in their bed.
They do the same to hyperactive or add injury to Autistic kids by giving them drugs that wind up with neurological side effects if given for any length of time. They used to misdiagnose Autism as schizophrenic.
I saw this back when they were having so many kids after increasing vaccines there was a epidemic of Attention deficit, hyperactivity, and autism. I thought these so called psych doctors were crazy for labeling this young kids schizophrenic then giving them harmful drugs. Then they blamed the mothers for it. They accused them of being refrigerator mothers quackery. Psych doctors who bought in were making money off drugging all these kids until they started seeing the side effects. Besides Neuro some also caused suicidal ideations. No one did a environmental comparison on its cause or sudden dramatic spike and if they did were tin foil labeled. These kids wound up a medical and social experiment and that’s where the real tin foil hats where. Guess it was keep quiet money after the realization set in. Now the gov compensation is so strict that many of these kids who died or became damaged don’t fall into their category and they refuse to update it.
Yet none of these politicians are concerned reinstate manufacturer responsibility and fall in the denial camp or follow what ever voting numbers are highest and change accordingly.
Buygold, don’t know if it has anything to do with it but saw that there are commercials out of Walmart employee disputes.
Ipso, Bernie was also for letting Snowden come home but Hilary was not claiming security breaches. Miss email accusing a whistle blower of security breaches as well as for violating the forth amendment on NSA. That worked out real well for the victims of the Oregon shooting that went as far as post his attentions on Facebook.a None however talked about lowering taxes but buy into let the wealthy pay for it which winds up middle class paying for it. Also no mention of the veterans.