Ultraviolet

316
Fri, Jul 22, 2011 - 10:21pm

Just two simple charts for you to chew on over the weekend. I'll be unavailable for a couple of days as I'm headed to where the streets have no name. It'll be a sort of homecoming for me in the city of blinding lights, out there in God's country, where the land is often as white as snow. This time of year, however, it should be a couple of beautiful days.

First up, here's a weekly silver. As you can see, the uptrend from 2010 appears to be firmly intact. This chart confirms for me, however, that silver, above 40, will encounter some resistance around 42 to 42.50. It won't be the end of the world but there may be a period of a few weeks where gold will outperform. Ah...silver and gold. What a pair! Two hearts that beat as one!

Gold, on the other hand, looks magnificent...almost like staring at the sun. Gold may often seem to move in mysterious ways but, in fact, it moves with grace. Once you realize that the goal of The Cartel is to manage its ascent, you can begin to see, and rely upon, repeating patterns. The most grand of patterns is evident on the chart below:

The pattern above is not just the real thing, it's even better than the real thing. Note how, since 2009, gold has followed a six-month pattern of, roughly, 20 weeks UP followed by 6 weeks down. It may appear out of control but it is, in fact, the sweetest thing. Gold is now clearly into its next 20 week UP cycle. Following pattern, we should expect a mid-November high, somewhere in the neighborhood of $1800. Not bad.

That's it for now. I must walk on with or without you. I hope you have a great weekend though of course, some days are better than others. This is my exit but I'll be back in three sunrises. TF

About the Author

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  316 Comments

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Eric Original
Jul 24, 2011 - 9:05pm

Skydiving Update

The weather never cooperated. Didn't quite get the jumps off. Rescheduled for a couple weeks down the line.

Eric Original
Jul 24, 2011 - 9:04pm

We can't ban people here.

We can't ban people here. But we can ignore them.

Shill
Jul 24, 2011 - 8:53pm

All this

Debt ceiling talk and bla bla reminds me of Y2K. No electricity or water, no money in the bank, planes crashing, financial meltdown around the world.

Not sure about anyone else but I plan on making to the office in the morning.

Ferd TorgersonI Wazere
Jul 24, 2011 - 8:52pm

@I Wazere New Card from Hallmark

Good one. Sent it on to my peeps with this message:

"I appreciate the thought but am feeling much better now - thank you very much!!"

Vypuero
Jul 24, 2011 - 8:41pm
mrgneiss
Jul 24, 2011 - 8:36pm

SGS post link

on financial bully Hank Paulson:

https://silvergoldsilver.blogspot.com/

Jul 24, 2011 - 8:36pm

Link to Paulson article

Thanks Maravich

The Paulson article is worth reading. It is short and indicates that we ought to keep an eye on this fellow.

teaser...

"T

o be sure, there is a list of about 50 pivotal players in all who had a significant hand in the creation of these fraudulent and deceptive trading schemes ... in my analysis, the one person who has the most smoke around him is Hank Paulson."
I Wazere
Jul 24, 2011 - 8:19pm

Hallmark ...

... new card with Boomers in mind:

"Your friends and I wanted to do something special for your BIRTHDAY.

So we're having you put to sleep."

¤
Jul 24, 2011 - 8:17pm

George Soro's Believes the U.S. Should...

George Soros: The United States Must Stop Resisting The Orderly Decline Of The Dollar, The Coming Global Currency And The New World Order

In the video you are about to see, George Soros talks about "the creation of a New World Order", he discusses the need for a "managed decline" of the U.S. dollar and he talks at length of the global need for a true world currency. So just who is George Soros? Well, he is a billionaire "philanthropist" who came to be known as "the Man Who Broke the Bank of England" when he raked in a staggering one billion dollars during the 1992 "Black Wednesday" currency crisis. These days Soros is most famous for being perhaps the most "politically active" (at least openly) billionaire in the world. His Open Society Institute is in more than 60 countries and it spends approximately 0 million a year promoting the ideals that Soros wants promoted. Soros and his pet organizations have played a key role in quite a few "revolutions" around the globe over the last several decades, but these days the main goal of George Soros is to bring political change to the United States.

https://theeconomiccollapseblog.com/archives/george-soros-the-united-sta...

maravich44¤
Jul 24, 2011 - 8:10pm

Hank Paulson

@DPH. Check out the recent post on SGS with the backstory and history on Paulson. Sorry not sure how to link it.

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