Posted by Richard640
@ 23:27 on February 20, 2016
Firstly, I want to get straight to the COT report which came out at 3:30 Friday afternoon while I was out of the office so I was unable to get a note out until this morning. Before I explain the significance of this report, in my analysis (which isn’t always correct, of course), I place very little emphasis on chart lines or formations like “Gravestone Doji’s” or “head-and- shoulders” tops or bottoms in the decision-making process for reasons I have documented in this publication countless times in the past. However, early in 2015, I decided to stop being a VICTIM in this mass-manipulation of (everything) gold and silver because a) it was getting depressing, b) it was costing me too much financial and emotional capital, and c) animals and humans were unsafe in my presence.
Accordingly, I had to find a way to align my trading with that of the bullion bank criminals so my trades could mirror the SEC/CFTC- sanctioned “capping jobs” and glide along undetected by the diligent eyes of the regulators. The only way I have found to accomplish such a feat was to watch the COT report and while I acknowledge that even the COT can be compromised with phony data, it has in recent months proved to be reliable, as evidenced by the enormous theft perpetrated upon the Large Specs back in October after EVERY technical analyst in the world declared that gold and silver had “broken out” as the Commercial Criminals shorted imaginary synthetic PHONY “gold” into the massive demand that propelled it to $1,192 to the order of around 16,600,000 illusory “ounces” that the regulators deem “acceptable”. What a joke. No. Not a joke. How about “What a crime!”?
Posted by goldielocks
@ 22:46 on February 20, 2016
Despite his statement about Apple Im glad he won. Just hope he is for real and if so stays safe. Even if he is the years to come and global meltdown will be tough.
The numbers are a line in the sand to each there own approximate. Heres one by thirdeye last week. It kinda goes along withArmstrongs numbers that says it could reach 1300s before next fall to 1000 or below before take off.. According to Armstrong.
Posted by Buygold
@ 22:12 on February 20, 2016
Goldie – Go figure. Trump steamrolls. I guess the game is on.
Newtogold – as much as I’d hate to think so, looking at the latest COT Report Turd might be right. The boyz just never stop and if the COT Report ever works it’s only on the downside.
Posted by goldielocks
@ 22:00 on February 20, 2016
Trump wins SC.
Jeb drops out. 🙂
Posted by North
@ 21:50 on February 20, 2016
Posted by Moggy
@ 20:07 on February 20, 2016
Same here, Wanka, as to experimenting on the COPD front. Keep on truckin’ and my best to you.
Posted by ipso facto
@ 19:31 on February 20, 2016
History a distillation of rumor.
Thomas Carlyle
Posted by goldielocks
@ 17:51 on February 20, 2016
TA is giving that round about possibility.
Posted by newtogold
@ 16:37 on February 20, 2016
Turd predicting a drop down to 14 bucks on silver and around 1150 on gold. Wash rinse repeat. Gonna happen till it doesn’t. Is this time different? Time to get some insurance? FWIW, I am throwing it out there.
Posted by WANKA
@ 16:10 on February 20, 2016
although a bit high in premium but don’t worry as the price increases so will the premium on your bid side. now the spread is bid $1.25 and offer is $2.85 as per texmetal who are generally a little soft on the bid. as we see silver move up in price and down in ratio both will expand and it would not surprise me at all that in the end you will be also showing a profit on your bid side too. win on price and win on premium when your ready to sell for portfolio adjustments. i’ll convert to gold unless the dow is 1:1 ratio with gold then it may be time to buy the ‘means of production’ again but I think that is a few many years down the road to wonderland. 
btw nothing to report and still experimenting on the copd front. best of cheers dear lady. wj
Posted by Mr.Copper
@ 15:56 on February 20, 2016
For any of this to make sense, put yourself in the central planner’s shoes. The biggest responsibility is make sure the people get food and fuel. The best way to do that, is run the dollar DOWN which will run prices UP.
Higher prices encourages conservation, and high prices promotes over production. I was very disappointed when Gold hit $1,900. I remember telling friends when Dollar was 72 food and fuel were high.
“Fred, be happy the food prices are high” Fred says…”Why do I have to be happy?” Me…”Because you will be able to GET food”.
When producers get high prices, its always temporary. The PTB throwing them a bone. Producers and savers always got screwed in the long run in the past.
Manipulated price effects supply and demand. Market forces take hold at the extreme ends of the trends. I think TPTB ran dollar down and gold higher on purpose. To throw the prior up-trend off stride.
The $1900 brought in scrap gold and encourage over production, that leads to prices dropping. My observations. Gold bottomed on December third due to lower production and higher consumption.
Posted by Moggy
@ 15:38 on February 20, 2016
I do love your car parts, lol. I’ve been collecting tubes of ASEs every chance I get. Our time has finally arrived!
Posted by WANKA
@ 15:29 on February 20, 2016
and imho a screaming buy……in fact I did some more car parts yesterday with a little begger bucks I came into. wj
Posted by silverngold
@ 14:48 on February 20, 2016
It seems to me “they” are working very hard lately to try to discourage investors who are interested in Precious Metals. I think it’s a now or never situation. Either you own it, or you buy it now, or you miss out on the greatest run up in history. Once it begins to move it won’t look back IMO!!
Posted by Moggy
@ 13:38 on February 20, 2016
Posted by redneckokie1
@ 13:20 on February 20, 2016
The big banks, trading houses and oil companies own the storage at Cushing, Oklahoma. If you don’t own storage, you can’t deliver crude on the futures market. It’s the same with farmers. The elevators won’t issue a delivery certificate for grain. Until those strangle holds are broken, the pricing extremes will become more intense. An old friend of mine was getting $70./bbl in western Oklahoma and the futures were $100. A semi truck holds 100 bbls. That’s $3000. to haul a load of oil 150 miles. Not too difficult to see where the money is going .
rno
Posted by silverngold
@ 13:06 on February 20, 2016
Stick with the presentation for the first 14 minutes and I guarantee you’ll stick with it until the end. If you decide to walk on by it’s your own loss.
clifs wujo ‘my fellow americans’ = discussing method, gold, silver, bitcoin, gardening when it counts, weather, geoengineering, political scum.
Posted by WANKA
@ 12:39 on February 20, 2016
‘in the end wealth will be counted by the ounce’ ….I do agree.. [click] ohyeah wj
Posted by ipso facto
@ 12:18 on February 20, 2016
Pentagon discreetly provided Russia with US special forces’ location in Syria
https://www.rt.com/news/333099-russia-pentagon-data-exchange/
Posted by silverngold
@ 11:16 on February 20, 2016
Submitted by IWB, on February 18th, 2016
by Edmondo Burr
A Chinese museum is offering a reward to anyone who can decode the inscriptions written on six gold coins found in China’s Hunan province.
The coins which are hundreds of years old were first unearthed on a farm in the 1960s, where they had been kept inside a small glazed pot.
The BBC reports:
They arrived at Jinshi City’s museum in the 1980s, and archaeologists have been puzzling over their markings ever since,the Xinhua news agency reports. Now the museum says it’ll hand out 10,000 yuan ($1,500; £1,100) to anyone who can help to shed light on the meaning of the coins’ etchings.
The director of the city’s Cultural Relics Bureau says they were manufactured in the Delhi Sultanate, the main Muslim sultanate in northern India, around the late 13th Century during China’s Yuan dynasty. The front of the coins bears the name of a king, written in a rare form of Arabic, Peng Jia tells the China News Service. “But the information on the back is difficult to decode. I have consulted Chinese and foreign experts, but to no avail.”
The coins have been designated as “first-grade national cultural relics”, meaning they are officially considered national treasures in China.
Posted by ipso facto
@ 11:00 on February 20, 2016
NATO warns Turkey it can’t count on support in a conflict with Russia as tensions escalate
European diplomats warned that Ankara cannot invoke Article 5
Germany says that NATO cannot ‘pay the price for a war started by Turks’
Turkey has called for international ground operation in Syria
Russia called Security Council meeting to halt Turkey’s shelling of Kurds
more http://www.dailymail.co.uk/news/article-3455934/Nato-warns-Turkey-t-count-support-conflict-Russia-tensions-escalate.html
Posted by overton
@ 10:56 on February 20, 2016
is coming back anytime soon.
best visual picture of the Chinese economy you will see………….even in the wealthy part of China consumption is dropping
http://www.youtube.com/watch?v=QQNurSUNNs0
Posted by eeos
@ 8:22 on February 20, 2016
that was an awesome Bill Gates video by Colbert you posted.
Posted by Farmboy
@ 7:35 on February 20, 2016
If you are wondering what in the world is going on in world politic don’t feel alone. Seems even those well entrenched in all things of power and politics are scratching their heads trying to figure it out. Seems there are enough frustrated Americans on both sides expressing their displeasure at the way things are currently done it has the political ‘experts’ baffled. I can see the ‘privileged’ Ones in their Ivory Towers trying to figure out why the new slaves ( economic slavery) are not grateful to their Masters.
Like him or hate him, you have to admit Trump has shook American Politics to the very core. Perhaps more than anyone else, he has captured, and even better, expressed some of our frustrations at the status qou.
http://fortune.com/2016/02/19/trump-sanders-cruz-political-establishment/
Posted by Farmboy
@ 7:04 on February 20, 2016
This first chart sez gold prices caught up with the growth of M2 money supply. (as of Oct 1012) Don’t quite agree since the chart only reflects the printing press in the United States and not the global gushing of new printed currencies. ( We are not the only country trying to print their way to prosperity.)
None the less, the above chart ends in Oct 2012 so one might ask what has happened to the M2 money supply since then and what that might mean for the direction of gold. ( we have some serious catching up to do imho )
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