Pre Fedlines Open Thread

267
Wed, Sep 18, 2013 - 10:24am

Only about 3.5 hours to go before all the fun starts. Here's a thread to get you ready.

Just two charts so that we're all on the same page. Again, once we broke down last week and then closed below $1320, it became clear that a minimum downside was somewhere near $1270. Might we see that later today? I hope not but it's certainly NOT out of the question.

The main item of interest, though, is the obvious attempt to hammer price last evening. When this type of move is employed by The Forces of Darkness ahead of the news event, it's almost always a fakeout. Why? Because the bullion banks, as agents of the central banks, likely already know the outcome. By crashing price, they are attempting to draw in as many fresh Spec shorts as possible, into which they cover and BUY. We saw this identical pattern back on 9/5, the day before the latest BLSBS release. We'll see how it turns out this time but, I must tell you, last night's action makes me quite optimistic about the ultimate outcome of today's craziness.

One more thing...For subscribers, this weeks Access2Access event has been scheduled. It will be a webinar with Andy Hoffman of Miles Franklin. Just like last week, participants will be able to submit the questions and Andy will answer them live during the presentation. If you want to be a part of it, you can register by clicking here: https://attendee.gotowebinar.com/register/6634276493783303426

Have a fun day!

TF

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  267 Comments

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ag1969
Sep 19, 2013 - 8:04pm

I think DPH has a mini-me

Dump a combination of colloidal silver and gold on this little guy, and he comes to life and scours the interwebs like a storm trooper.

maravich44Gold Dog
Sep 19, 2013 - 7:24pm

a flashback....

i have heard the theory...perhaps a time machine is in order, my freezer used to have a fine inventory of perception altering material. hi Gold Dog., i'm ok with da bears but Cutler is soft and whines too much. https://www.youtube.com/watch?v=pSQ1akE2CcM

¤
Sep 19, 2013 - 5:03pm

Thanks...

...and you're very welcome.

Howard Roark
Sep 19, 2013 - 5:00pm

About DPH

Yeaahh guys, DPH gives us a lot of good stuff!

News, history, music and good old western movies!

Kudos, one/many DPH!

As to the present moment in the metals beware! There might be some traps ahead. Just saying to be smart at stacking!

Read the last interview of Gary Savage by Tekoa. GS was right on the decline before the taper/non taper in the PoG. Check it out.

Salut,

HR

argent rampant
Sep 19, 2013 - 12:12pm

@Gold Dog

I think you are right about DPH - there must be more than one of him....

Dyna mo hum
Sep 19, 2013 - 11:03am

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

Lamenting Laverne
Sep 19, 2013 - 9:39am

@ Urban

Thanks for your reply. That confirms that it is my computer ... agaaaain.... having hiccups. I cannot see the charts at all. They are not loading. I think it happened since a windows update install, which is likely because there is almost always something not working after an auto-update. Vewwy Iwwitating.

GalearisMUDbone
Sep 19, 2013 - 9:29am

@ Mudbone re high grade gold

That assay works out to 800 ounces per tonne when a good mine these days would grade average 2.5 ounces per tonne. What geologists and mineralogists know is that even low grade deposits can have high grade assay results over a few feet or so that can grade at 800 ounces and UP! - and we can see specimens of this material some times in museums. Companies often report this data to promote the shares, but it is not necessarily reflection of a good investment....But as we know grades are well down globally.

Primary silver mines are even more revealing of declining grades. The Polish mines, Cobalt and Silver Islet in Ontario reported grades that AVERAGED in the thousands of ounces per tonne and the modern equivilent will brag about 2 to 3 ounces per tonne....We really are running out of precious metals to be mined.

FWIW,

G.

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