Gold: Past, Present, and Future

Robert Vaughn10 said:Regarding...The hyperinflation of the dollar.We'll have to see if there's actually any potential here, but for now, Governor Vujčić seems to have everything under control.

The truth is, our economy isn't going to truly bounce back as long as we're dealing with such an incredibly strong dollar, so in my opinion, he's actually doing a perfectly fine job handling his responsibilities....

Dennis Fisher5 said:The truth is, our economy isn't going to truly bounce back as long as we're dealing with such an incredibly strong dollar, so in my opinion, he's actually doing a perfectly fine job handling his responsibilities....

http://www.youtube.com/watch?v=pURJDToKA0k

Ashley Thompson10 said:I honestly think anyone trying technical analysis on precious metals is just fighting a losing battle against massive market manipulation. Some interesting news to chew on: yesterday, an entity like the Silver Institute scooped up over 500 tons of physical silver. Meanwhile, in Japan, the Prime Minister is moving to strip the central bank of its independence, while Russia is essentially printing Yen to fund their growth and national debt—exactly what our friend Nostradamus has been warning us about for ages. The Federal Reserve is ramping up primary issuance, too. Over here in the States, we’re seeing economic data being massaged to fit a "wishful thinking" narrative of positivity. In Spain, they're dipping into pension funds to cover state debt. And the Chinese? They’ve always printed whatever they needed, and they’ll double down now to maintain control during this period of cooling demand.

Once the Federal Reserve starts devaluing the Dollar, the Japanese Yen and the Chinese currency will inevitably be crushed under the weight of it all. Eventually, the Spanish will bleed their pension funds dry and have no choice but to beg the Federal Reserve to print enough to cover their deficits. When that happens, the Dollar will follow the path of the other major currencies. Even the Swiss Franc, which is tied to the Dollar, will go down with the ship.

If this isn't a fantastic medium-term setup for precious metals, then I don't know anything about football.

Right now, that’s true. But if gold manages to break free, the rally is going to be way more aggressive than if things had just played out normally. If the market were acting sane, prices wouldn't have dipped below the November 5th level ($1,673). Now, the narrative is shifting: 1. once—or if—(we see a breakout above the downtrend line from late Nov to early Jan, a release from the 75-week moving average, and most importantly, a move past that weekly high of $1,696 from the end of October), gold will launch harder than it would have if it had just climbed steadily after November 5th. 2. Any spring correction should be much shallower since everything is being front-loaded right now.

The fact that yesterday's solid jobs report didn't push the price below the 10-day moving average is a huge win for gold. As soon as traders saw there wasn't an immediate crash, they jumped back in, and we got that upward nudge.

The Federal Reserve's balance sheet has officially surged past $3 trillion—expect more significant momentum in metallurgy ahead...

http://soberlook.com/2013/01/feds-ba...s-above-3.html

dustyheron5 said:The Federal Reserve's balance sheet has officially surged past $3 trillion—expect more significant momentum in metallurgy ahead...

http://soberlook.com/2013/01/feds-ba...s-above-3.html

Article's wrong... Let me remind you what I said Thursday:

Patrick Moore3 said:The Federal Reserve just printed 35 billion in a single week... they're still way too far from hitting 3000.

Since they announced Quantitative Easing 4.5 months ago, they've pumped out 141 billion—and a quarter of that happened in just one week!

Don't see them hitting that ceiling this month... if they do, probably February. But how long does the rally last?
If they pump the balance sheet, all commodities will rip, especially precious metals. On the flip side, if the Federal Reserve really wanted to print, they'd print way more—like what they actually announced. But they aren't doing it... so maybe nothing happens and the balance sheet settles back near 2900 billion. Nothing moves gold quite like this... and trying to predict the dollar? Forget it. Even when a top Federal Reserve official talks about devaluing it, who knows if they'll actually follow through?

Anyway, the Federal Reserve report drops every Thursday after 4:30 PM EST... that's where you see the facts, not just the talk.

We’re still waiting. Gold needs to clear $1,700 before we can officially call this an uptrend. On the flip side, if it slips below $1,660—last week's floor—we've got a problem.

http://www.bloomberg.com/news/2013-0...rontation.html

It seems gold prices aren't just reacting to the Fed's balance sheet...

quiettrucker12 said:We’re still waiting. Gold needs to clear $1,700 before we can officially call this an uptrend. On the flip side, if it slips below $1,660—last week's floor—we've got a problem.

We were at $1,620 once too, and nobody blinked. A move lower would be tough; the pressure is heavy, but it's holding steady enough.

Robert Vaughn10 said:We were at $1,620 once too, and nobody blinked. A move lower would be tough; the pressure is heavy, but it's holding steady enough.

True, but the big hurdle right now is breaking past $1,700. Anything can happen, but if we don't clear $1,700 (maybe this week?), things could get messy... honestly, slipping below $1,660 would be 🙂 🙂.

A decent read

The real story behind US Gold reserves

Goldman just flipped their script on gold for 2013!😂

analogharbor44 said:Goldman just flipped their script on gold for 2013!😂

After they finished exploiting and misleading their own clients...😉

Goldman Sachs flips its stance—now bullish on gold hitting $1,825 this year—proving Jim Sinclair right once more

By: Peter Cooper, Money Journal
-- Posted Tuesday, 22 January 2013 | Share this article | Source: GoldSeek.com

Readers of this website may recall The wise Word of Gold market veteran Jim Sinclair late last year warning that the bullion banks were pulling the gold price down but only to reposition their own holdings ready for the next spike up (click here).

Back then, Goldman Sachs was busy telling its clients that the gold bull market "might be over." Fast forward to this week—that same bank is now aggressively pushing clients to buy gold again, forecasting a jump to at least $1,825 later this year before any further pullbacks occur.

http://www.hardassetsinvestor.com/ma...week-high.html

http://www.bloomberg.com/news/2013-0...s-to-gold.html

“Gold, the way we look at it, is anywhere from being undervalued to being seriously undervalued,” Kaye said. “We’re in the early stages, in our judgment, of what would likely be the world’s largest short squeeze in any instrument.”

I don't even need to elaborate here—though I will note that silver is positioned for an even more massive short squeeze.😍

Word on the street is the Chinese are gearing up for some kind of Dollar/gold backup plan.

http://kingworldnews.com/kingworldne...cked_Yuan.html

Either gold prices are about to go absolutely parabolic, or the Chinese have managed to find a whole bunch of guys just like Alija Izetbegović

For the younger crowd who hasn't a clue who

http://en.wikipedia.org/wiki/Alija_Izetbegović

quiettrucker12 said:True, but the big hurdle right now is breaking past $1,700. Anything can happen, but if we don't clear $1,700 (maybe this week?), things could get messy... honestly, slipping below $1,660 would be 🙂 🙂.

Looking at the current setup, with all due respect, it could easily slide past $1,660 on its way down. 😢

Sean Carter said:Looking at the current setup, with all due respect, it could easily slide past $1,660 on its way down. 😢

In my view, dipping below 1600 USD would be a stretch. Honestly, I'm convinced it's nearly impossible. As for the long term... well, we'll just have to wait and see.😉

Patrick Moore3 said:Article's wrong... Let me remind you what I said Thursday:

Don't see them hitting that ceiling this month... if they do, probably February. But how long does the rally last?
If they pump the balance sheet, all commodities will rip, especially precious metals. On the flip side, if the Federal Reserve really wanted to print, they'd print way more—like what they actually announced. But they aren't doing it... so maybe nothing happens and the balance sheet settles back near 2900 billion. Nothing moves gold quite like this... and trying to predict the dollar? Forget it. Even when a top Federal Reserve official talks about devaluing it, who knows if they'll actually follow through?

Anyway, the Federal Reserve report drops every Thursday after 4:30 PM EST... that's where you see the facts, not just the talk.

Don't go thinking you're right here🤣.........you're simply reading the Federal Reserve's doctored data (to each their own regarding who they trust), but let's be honest—they are the greatest masters of data manipulation in human history.😉

zerohedge @zerohedge

The Fed balance sheet topped $3 trillion 6 weeks ago, but the MBS settlements took 2 months to clear

http://blogs.wsj.com/economics/2013/...or-first-time/

Now you can get back to your prayers and whatever else you believe in.😂

Ever wonder if you should actually trust official government numbers or just stick with the anonymous leaks on ZeroHedge... 😂

Bottom line? The balance sheet just blew past the $3 trillion mark this week...
total assets: 3,013,333

Maybe the truth is somewhere in the middle 🤷

And just so you know, the US GDP took a hit last quarter too. Man, I wish the Olympics lasted all year long!

HUI at 400. That's it. Now get ready for the bounce back.