WOW!

251
104
Wed, Jul 13, 2011 - 11:41am

 Well, the doldrums look like they've wrapped up about a month earlier than expected.

Gold is just fantastic. It needs to hold these gains until the Comex close. As stated yesterday, a close above the previous intraday high of 1577.80 would be extremely bullish...as if the chart wasn't already bullish enough!

Silver is scaring the living daylights out of the shorts today. They should be scared at this point. Silver has finally broken through the down-sloping trendline from May and appears poised to go tackle the all-important 39.50 level. It, too, needs to hang onto these gains into the close. I'd like to see it print a Comex close above 37.88, which is the intraday high of 6/10/11.

Crude, copper, the grains...it's all good as The Bernank has apparently decided that there was no point in further lies/deception regarding the eventual continuance of QE to infinity.

More later. TF

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  251 Comments

Nick Elway · Jul 13, 2011 - 2:02pm

Those still in the running for the $40 print

Dani 7/3/2011 2:37:00
Michiel 8/2/2011 22:00:00
CF 8/8/2011 8:08:00
Patrick 8/18/2011 11:55:00
Daniel 8/25/2011 14:09:00
Scisco 9/6/2011 12:00:00
Kevin 10/6/2011 10:11:00

Economical Disaster · Jul 13, 2011 - 2:13pm

<----THIS SITE MAY BE GONE SOON-->

(snip)

Conferees discussed new, legal measures being undertaken to regulate, control and eliminate internet websites and emailing messages. In other words, new laws and regulations are being developed to legally censor internet content and make opposition to global government a criminal offense. Look for censorship efforts to step up and take hold in the next six to twelve months.

The third most important topic for discussion involved efforts to restructure the world's economy by crashing the system in a new crisis that will end with a collapse of the current system, to be replaced by a new global system, with an electronic currency and an all-powerful central banking system. Plans will include a new electronic currency utilizing micro-chip implants to be placed in the hands or wrists of citizens of the world. Such plans are already in place in the USA, thanks to the new Obama Health Care law which mandates micro-chip implants for all Americans by March of 2013. The Obama plan argues that the micro-chip must hold all medical records and personal identification of the person being implanted. Similar measures are reportedly underway in Europe.

In bringing down the world's economy, the globalists publicly wring their hands and engage in futile steps to shore up the Euro currency and stave off national bankruptcies in Greece, Spain, Portugal and Ireland, but behind the scenes, this is exactly what the Illuminists desire because everything must collapse to make way for a New World Order and a global dictator. This aspect is little understood among the Bilderberg critics and reporters covering Bilderberg.

https://www.aoreport.com/ao/news-articles/1546-bilderberg-conference-mee...

Tesla · Jul 13, 2011 - 2:15pm

LIESman is such a

Two faced lying douche sack, bag of hot air shill - I can't help but get mad every time I hear his voice!!!

"Gold is not money... the problem is that they ALWAYS end up debasing it by mixing in copper and base metals..." -Steve Lieseman of CNBS-

Yeah thats right LIESman - who wants debased Gold when they can have worthless paper promises and hyperinflation - right?

bullwhip29 · Jul 13, 2011 - 2:26pm
Throwing Sliver Hammers · Jul 13, 2011 - 2:26pm
Economical Disaster · Jul 13, 2011 - 2:27pm

On the old site:

Ben Bernanke said...

Pay very close attention to my public commentary today. I'm going to sneak something in there, just for you guys, that most people will miss. You'll know it when you hear it - and you're going to LOVE it!!

Boomerang Johnson · Jul 13, 2011 - 2:35pm

Gold in euros

Gold in euros has recently broken through its resistance at around 1,050 (give or take a few euros). It'll be interesting to see if this move takes it up to 1,200, the same way gold moved in dollars when it broke that one thousand barrier. Right now euro gold sits around 1,115 euros. If it should run to 1,200/euro, that would take us right up around $1,700/oz in the U.S. in a couple of months. I totally think this is possible by Aug./Sept.

Anyway, my 1st post here. Love the site & the forum & glad to be a part of it.

bullwhip29 · Jul 13, 2011 - 2:53pm

It's game on...

Star Wars music video: Imperial March
agauinvest · Jul 13, 2011 - 2:59pm

Careful here

IMO, everyone in both stocks and metals is getting too cocky today. As of this moment, Au's gain does not even equal, on a percentage basis, the dollar hit. Ditto the Dow and SP500. Real buying strength would be reflected in gains exceeding the dollar loss. Right now, we're all barely treading water for today on a value basis. 

brokeboater · Jul 13, 2011 - 3:02pm

Pictures

Count me in as one who thinks to posting of photos is bordering on getting out of hand.

Shill · Jul 13, 2011 - 3:02pm

Bernanke

Bernanke: Gold is not Money.

Words that will haunt that man till his last breath.

Shill · Jul 13, 2011 - 3:05pm

I like

The pics, some crack me up...Keep them coming.

C_Mälzer · Jul 13, 2011 - 3:10pm

Bernanke Gold

Somebody should really do a "Ben Bernanke: Gold is not money" remix video which goes viral on youtube! How much more can you shoot yourself in the foot...

magis00 · Jul 13, 2011 - 3:12pm

Today's Blog comments have the feel of the old site -- I likes!

Circumstantial evidence that the doldrums are behind us, maybe?

Dr G C_Mälzer · Jul 13, 2011 - 3:19pm

How about the dumb-ass member

How about the dumb-ass member of Congress that said Bernanke had broken Paul's heart when he said gold is not money? What a complete douche that is utterly clueless. That rep obviously has no idea what gold is either. All fun and games if you are one of our elected officials, that's for sure.

silver foil hat brokeboater · Jul 13, 2011 - 3:22pm

it's a picture or 1,000 words...

sometimes 'splainin (to the ignorant) why the sheeple need to get into PMs is best laid out in a picture.

tpbeta · Jul 13, 2011 - 3:25pm

I suck

Wish I'd bought at $33-50 now. Oh well.

Prize Fighter · Jul 13, 2011 - 3:32pm

3rd Guy is my new favorite. 

3rd Guy is my new favorite. Love it! What a great study of people spontaneously joining together. Looked like fun too!

Speaking of three's.....

THREE KINGS - Trailer ( 1999 )
SilverTree · Jul 13, 2011 - 3:34pm

ha

zilverreiger SilverTree · Jul 13, 2011 - 3:45pm

Leave ghadaffi alone!

Leave ghadaffi alone!

Tesla · Jul 13, 2011 - 3:47pm

@BrokeBoater

C'mon man, Lighten up ! (G-Rated moon)

snoochieboochies · Jul 13, 2011 - 3:55pm

I don't want to get overly

@ tpbeta

I don't want to get overly optimistic yet, but we're getting close to the $40 mark on silver that Turd mentioned recently, so there will be more buying opportunities once we get out of the summer dolldrums.. I'm also a bit disappointed that i didn't buy in a week or two ago, but i don't have enough capital to take too many risks right now so i'm just waiting patiently.

MIDDIE · Jul 13, 2011 - 4:02pm

@ SilverTree

Roger That!

bullwhip29 · Jul 13, 2011 - 4:05pm

Looking like an ugly close at NYSE

Stocks hanging on by a thread after being up over 160 pts. Maybe the equity bulls have already blown their wads over the last two weeks and have nothing left? (the S&P touched 1258 on the last ride down). Imagine that...a QE3 green light = bad news = sell off in equities...uhh, whoops.

Also, not convinced the PM bulls knocked the cover off the ball today. I expect to see gold flash well below $1577 in the next 24 hrs. What happens after that will tell us a lot.

stoneeh · Jul 13, 2011 - 4:17pm

From last thread

"My hat is off for the technician I follow. He was bullish as of July 1st and said that the traditional summer doledrums would not play. Ben Davies and David Morgan were both wrong THIS time around."

Ben Davies and David Morgan are pretty much always wrong. I can remember Ben Davies in December calling for a short covering rallye in gold that would take it to 1800$ by the end of the year. Also in an interview he admitted that he missed out on last year's gains in silver completely.

David Morgan is just very conservative/close minded and can't imagine silver ever overtaking gold or gold going to 5 digit figures.

The brilliant minds are James Dines, Adrian Douglas, and to a lesser extent, Turk and Sprott. And of course a few others, you can never remember all of them. J.S. Kim also completely gets it, for example.

- Markus

LaMachinna · Jul 13, 2011 - 4:20pm

So very glad...

to be out of

'ishhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh! woot!

Was starting to wonder whether they would bury me at that price. geez! I was sooooo sick of that number I could puke! (Just don't look brokeboater) cool Carry on comrades
SilverWealth stoneeh · Jul 13, 2011 - 4:21pm

Davies

Ben Davies is quite brilliant. He called the last top in Silver and sold into it and hedged it as well, then he bought the 35 area. Not too bad. Morgan got out in the Silver mania of April somewhere near the high. Not bad.

They all win and lose on calls without exception imo.

Eric Original · Jul 13, 2011 - 4:24pm

Davies

Davies nailed the silver top at the end of April. Nailed it.

Eric Original · Jul 13, 2011 - 4:31pm

Markus

Silver will never be priced above gold. Stop being silly.

If you are taking day to day advice from people who push that fairly tale then you are bound for misery.

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