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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atarangi
Sep 18, 2013 - 7:47pm

Duane's most recent - -

Gold and Silver Manipulation Will End With A BANG!
Mr. Fix
Sep 18, 2013 - 7:39pm

Dark purple haze, I was just speculating

I tend to do that a lot, but when it comes to gold and official government numbers, you know by now, I just don't give them much credibility. I do however look at a possible agenda.

I suppose only time will tell, and of course nothing was said about what it is going to cost to mine that gold,

as SRSrocco would assert, it starting to get pretty pricey to dig for anything these days.

My daughter used to ask me what would happen if a solid gold meteor of massive proportions crashed to earth.

How would that affect the price of gold?

I told her it would probably make the existing gold a lot less valuable.

It's a little bit like QE2 infinity, the more you create of anything, the less what's already there is worth.

Of course, I can't refute the Chinese claims, unfortunately, I don't think anybody can.

It's just like answering the question “how much gold is in Fort Knox?”.

We can only speculate.

You have got to admit, the timing does seem to be a little bit more than coincidental.

I don't believe in coincidence either.

¤
Sep 18, 2013 - 7:39pm

Random Spaghetti Western...

PROFESSIONALS FOR A MASSACRE (1967)

So It Goes
Sep 18, 2013 - 7:38pm

Wow - a great interview

Wow - a great interview posted on KWN:

https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/9/18_There_Is_Now_A_Danger_That_All_Hell_Is_Going_To_Break_Loose.html

There may not be a lot of Fleck fans here, but you need to read this review of where we are. Brilliant.

So it goes.

silverwhere¤
Sep 18, 2013 - 7:33pm

the question on my mind

the question on my mind is:

how can we as investors get in on that HUMUNGO find?

¤
Sep 18, 2013 - 7:24pm

What say I?

Everything can't be a hoax or psy-op's etc.

What if China (already purportedly having about 90% of thought to be known global gold reserves) has found their equivalent of their Mother Lode or Gold Rush like the US did?

This doesn't seem that far-fetched and as China gains new mining technology and mining experience their bound to systematically find these huge ore pockets within their large borders.

If no one can refute this with any inside knowledge then whose to say what's real or not? If China has this much gold and they pledge what they physically already have and all forward domestic production (in ground) then we're looking at a real game changer whenever (or if) they decide to go with a gold and/or silver backed currency.

With this much gold potentially in one geographic area it's safe to assume a steady flow of gold and silver mining news (propaganda to some) will start increasingly creep loudly out of China's media to those who'll listen.

Even if their estimations are off by 50-75% it's still a huge find.

But what if they've underestimated?

silver66
Sep 18, 2013 - 7:16pm

what a good day

Gold and silver rocking and I get an e-mail telling my that the Golden Jackass has a new article for subscribers...whoo hoo a night of fun reading awaits

Silver66

Green Lantern
Sep 18, 2013 - 7:10pm

Re: Fujian

Periodically throughout history the earth will push up and expose metal that was never available. One good earthquake could be a bonanza. Looking at the earth faults in that area of China which is right across Taiwan, it looks like a pretty active area.

We are still waiting to see what happens to that 3.5 billion barrels of oil that never existed under Australia.

The earth is alive

https://www.wunderground.com/news/indonesian-volcano-erupts-more-6200-fl...

ag1969
Sep 18, 2013 - 6:54pm

Achamat

I return you the skittles vodka you sent me for your great call of them defending 23.25. I read your comment, and then watched it get repelled 3 cents short and driven back under 23. Nice one!

silverwhere
Sep 18, 2013 - 6:41pm

Gold: 'Taper This'

I’m not sure if this will help or hinder the discussion but here’s a Sept 17 article (with interesting charts) I just finished reading.

They can slice & dice this bankster fiat slush fund any which way – NO MATTER - the precious awakening is upon us now!

Gold: 'Taper This'

https://seekingalpha.com/article/1698772-gold-taper-this?source=email_the_daily_dispatch&ifp=0

.

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