Gold? Silver? The Miners?....All Three?

379
Tue, Feb 26, 2013 - 9:06am

While kicking around YouTube last night, I found this interesting video.

This video is an interview of Jay Taylor, who is an analyst and a radio host. He discusses the metals, the miners, the economy and even the gold standard and he does so from the point of view of a "Turdite" so I thought you'd find it informative and compelling. It might even be a good one to send along to family and friends who are "on the fence".

Video unavailable

TF

12:40 p.m. EST UPDATE:

I'm extraordinarily busy today so there is no time for a full, new post. However, as you've noticed, The Bernank has thrown us a few bones today in an attempt to talk up the stock market and increase his beloved "wealth effect".

I've noticed several requests for updated charts so I've posted them below. As we discussed yesterday, there are stages and hurdles in every recovery and the action today has boosted us through several. This is good as it greatly increases the pressure on the existing shorts, particularly those that were late to the game and were only sucked in last week. And that is where we will find our "critical levels".

First of all, we need to put today in the books without giving too much back. As I type, I've got gold near $1613 and it simply need to close above $1600 for our recovery purposes. IF we get something above $1615...even better! In silver, I really want to see us close above $29.20 and I've got a last of $29.34. Keep your fingers crossed.

As mentioned above, each metal now has a "critical level" and those can be found by looking at the price action since the beginning of the year. Recall that back on Jan 3 and 4, the metals were shoved lower and gold found a bottom near $1626. As price swooned two weeks ago, it became clear to nearly everyone that the $1626 level was going to be important support and, below there, the shorts would find plenty of sell-stops to harvest. Taking advantage of thin, overnight trading, The Bad Guys were able to swamp $1625 in U.S. wee hours of Friday, the 15th. Once below there, all sorts of tech-trading HFTs and momos were drawn into the short trade and the result was last week's cascade down to a low of $1555.

Almost all of those trades are now under water. If I were a fresh short, I'd be almost panicky here with a very itchy trigger finger. My only hope is that we stay below $1625 and then move back lower. In desperation, I may even double-down in the hopes of rescuing myself.

So there you have it. The "critical level" in this recovery is $1625. In silver, the commensurate point on the chart is near $30.20 so that is the other critical level. Watch them closely the rest of this week. WHEN price finally recovers through those levels, I expect a rapid return toward the levels sustained before the Chinese New Year, when The Forces of Darkness felt compelled to begin this current event...roughly $1670 in gold and $31.50 in silver.

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ClinkinKY
Feb 27, 2013 - 11:14pm

25 Hours And Ticking:)

New Ma(Ken)yan Doomsday---3-1-2013

------------------------------------------------

Dear Leader


Dear Misleader

------------------------------------------------------

It's the 'Obama sequester'

February 26, 2013

I guess many of The Sun's readers are of the "low information" type who are not exposed to counter-points that would rebut the mantra of the left ("The GOP sequester," Feb. 22). Let me explain.

https://articles.baltimoresun.com/2013-02-26/news/bs-ed-sequester-letter-20130226_1_obama-sequester-president-obama-white-house

Lies, lies, lies! This is what President Barack Obama and the Democrats tell the American public. The sky is not falling if we sequester $85 billion out of a $3.563 trillion budget. That's just about 2 percent!

- See more at: https://www.baltimoresun.com/news/opinion/readersrespond/bs-ed-obama-seq... Obama is lying about the sequester
KerbouchardBagOfGold
Feb 27, 2013 - 9:34pm

Thanks, Bag! :-)

Thanks, Bag!

:-)

Prize Fighter
Feb 27, 2013 - 4:40pm

As much as I love a video of

As much as I love a video of a bad guy getting what they deserve, that video is a complete fabrication. The bad guy presents his arm to the dog sideways and well over the counter while pointing the gun at the wall, same way a dog trainer would. A gun is to keep your distance, no need to lunge over the counter with a sideways pistol.

SilverSurfers
Feb 27, 2013 - 4:00pm

maybe just a little

The one time (that I know of) when I received direct government trolling was during the "occupy" days and we were talking about revolution and revolutionaries.

No sense adding undo observation and attention right now.

The Watchman
Feb 27, 2013 - 3:54pm
SilverSurfers
Feb 27, 2013 - 3:47pm

Turd

If ya want me to tone it down, say the word, otherwise I rant.

Give me hat tips, to keep it up.

The Watchman
Feb 27, 2013 - 3:44pm
SilverSurfers
Feb 27, 2013 - 3:30pm

Jobs not hand outs,

and encourage dignity, self-respect, and self-reliance, so we all can sing it loud.

Say it Loud, Im black and Im proud

Marshal Law???? Shooting Americans. I predicted long ago, tanks on Wilshire Blvd.

By the By, Leeb on KWNs said gold is going to 20,000$/oz.

My first prediction was 35,000/oz, when the fiat complases, by 2035.

Later, with QE I said it could happen this decades. Leeb is behind the curve, but trust me, that raving silver bull will catch up soon enough.

I think it was 2010, the army conduct war games on domestic control under marshal law.

always remember, THEY KNOW WHAT WE KNOW.

Just before the Winter war of 1939, Stalin purged the military of officers who did not completely tow the party line. And during the war, penal battalions were organized for those uninspired. Welcome to Soviet Style Americana. ;)

https://www.tfmetalsreport.com/comment/133779#comment-133779

My friends, always remember, they know what we know, that riots and anarchy are a very real possibility, if FED policy fails, which I think it will, and BHO wants officers who WILL shoot to kill. So ah, how that 2nd amendment working out for ya all?

Civil war, its possible, one may claim inevitable. I say, lets rock, BRING IT ON!!!!

We are effectively ruled by a totalitarian socialistic fascist racist government, where the political options are nill, as Rep/Dem are but a pewb hair apart, effectively the elections offer no real choice. Only human nature, of devil and angle, from the ashes of a collapse society will we ever regain our constitutional freedom back from government. And suspect, that riots and anarchy will be pervasive as the fiat system implodes.

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ancientmoney¤
Feb 27, 2013 - 2:44pm

@DPH re: Bernanke comment . . .

"It appears to me that they've (Fed) already usurped some of Congress' authority and ability to craft domestic and certainly international policy . . ."

-------------------------------------------------------------------------------------------

Yup. Here's an infamous quote I am sure you've heard before:

"Give me control of a nation's money
and I care not who makes the laws."

--Mayer Amschel Rothschild

The bankers now own the governments. That is what fiat, unbacked, debt-based currencies will get you. Mr. Rothschild warned us centuries ago . . .

debtless
Feb 27, 2013 - 2:34pm

These markets are completely

These markets are completely and utterly under central bankster control. All of them. It is simply the new reality of wealth transfer.

Count me in when the shooting starts.

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