Gold: Past, Present, and Future

I think the direction gold prices were headed was obvious to everyone once Goldman Sachs completely gutted their own price forecasts for 2013/2014. Here is the link:

http://www.reuters.com/article/2013/...0BQ79D20130226

dustyheron5 said:Of course it’s dipping—no sane investor expects everything to be wrapped in gold or silver... what's your take? 😂

btw gold is at $1,614😍.......it completely wiped those hedge funds out—just like I said they would 😉

Yeah, sure, this 'crazy' growth totally kicked them out of their shoes😁

lonehawk5 said:Yeah, sure, this 'crazy' growth totally kicked them out of their shoes😁

Don't sweat it—prices will climb just enough to shake them out of their positions...🙂

Which means we still have plenty of room to run...

I didn't even realize I was in agreement with Mike Shedlock regarding the price action in gold and silver...😍😍

Gold Action

With Gold Action with Soros and others selling—and given that Goldman Sachs and JPMorgan Chase are likely front-running the move by shorting futures during low-liquidity windows—we may have already hit the bottom at $1554.

Unlike others Who believe Gold is constantly manipulated lower, I believe manipulation works equally in both directions. Think about it this way: contrary to the GATA perspective, Goldman Sachs and JPMorgan Chase don't actually care which way gold (or silver) moves—they just want to ensure they profit by front-running the massive surge in volume.
Read more at http://globaleconomicanalysis.blogsp...wBQrWHjwCOx.99

http://goldsilver.com/hidden-secrets...00874053373473

It’s incredibly difficult for manipulators to maintain this kind of pressure indefinitely. Eventually, they have to crack. In fact, I’d prefer if this drag continues a bit longer; it gives me more time to get my ducks in a row. If we play this right, the ultimate "penalty" for these players will be so massive they won't even think about manipulation again. The timeline? Five to ten years would be ideal to ensure that once things finally align, they move aggressively. The price target? Mike Maloney has mentioned $20,000. It’s a bold claim—one I barely dare to contemplate—but the longer the crowd stays sidelined, the harder the eventual breakout could be.

Robert Vaughn10 said:It’s incredibly difficult for manipulators to maintain this kind of pressure indefinitely. Eventually, they have to crack. In fact, I’d prefer if this drag continues a bit longer; it gives me more time to get my ducks in a row. If we play this right, the ultimate "penalty" for these players will be so massive they won't even think about manipulation again. The timeline? Five to ten years would be ideal to ensure that once things finally align, they move aggressively. The price target? Mike Maloney has mentioned $20,000. It’s a bold claim—one I barely dare to contemplate—but the longer the crowd stays sidelined, the harder the eventual breakout could be.

You make a great point—the actual price of gold isn't their primary concern. For the commercial players, the priority is simply profiting from short-term price manipulations by siphoning capital away from hedge funds and retail traders... and as you can see, they are doing quite well for themselves...😉

If the price sits at $2,400 in two years, it won't bother them one bit; they'll be able to manipulate the market just as effectively there as they do at $1,600...

Naturally, they prefer price levels where interest is highest—whether that's through shorts or longs—because high interest inevitably means higher volume...😁

At what level is the big money actually playing right now?

I have no idea—it doesn't interest me as a trading vehicle... I just know that those currently executing trades are dead wrong.

Draughtin Lesar:

If owning two houses makes you rich, what does that make the people stacking gold?

http://www.foxnews.com/news/economy/if-owning-two-homes-makes-you-rich-what-about-gold

😂

Patrick Moore3 said:Draughtin Lesar:

If owning two houses makes you rich, what does that make the people stacking gold?

http://www.foxnews.com/news/economy/if-owning-two-homes-makes-you-rich-what-about-gold

😂

Honestly, looking at gold over the last year and a half, it feels just like negative interest rates! 🤣

They're actually trying to push something similar to negative interest rates over in the UK too!
http://www.wsj.com/articles/uk-negative-interest-rates-news-1087715

Patrick Moore3 said:Draughtin Lesar:

If owning two houses makes you rich, what does that make the people stacking gold?

http://www.foxnews.com/news/economy/if-owning-two-homes-makes-you-rich-what-about-gold

😂

And what's left for the people holding two houses, gold, ammunition, AND stocks? ...just a bunch of corrupt opportunists...😂

Patrick Moore3 said:Draughtin Lesar:

If owning two houses makes you rich, what does that make the people stacking gold?

http://www.foxnews.com/news/economy/if-owning-two-homes-makes-you-rich-what-about-gold

😂

Just finished reading the news and he immediately jumps in here. 😁

Give the guy a break. He's in the business of chasing votes, not the business of actually fixing things. 🤷

Nobody’s ever gonna be quite as loaded as this guy can afford to eat.
😍

It looks like Ben Bernanke is losing the currency war, and the smart money is starting to smell a stock market top. We might see a weird window ahead where the US Dollar climbs against other currencies, but gold climbs even faster against the US Dollar. Even if Ben can't win this currency war, the mere fact that it’s happening should be enough for gold; currencies will just start collapsing against it one by one. Ben is likely going to try and soften the blow of what looks like a long, agonizing slide toward the end of this secular bear market—maybe another three or four years of pain. Right now, Ben has at least two massive reasons to keep printing: one to prevent (or at least cushion) a stock market crash, and another to maintain some semblance of a position in this currency war. The catch? It’ll be damn hard to pull all that off while trying to keep the US Dollar's current value intact.

Gold could stall out around 1570-75 tomorrow or the day after before heading higher.

Looking for specific dates? You got it!

The bet on the short side of gold is that the sequester takes place. Personally, I’ve always felt the gold market's maximum window for this reaction would wrap up right on my birthday, March 27th. That lines up perfectly with the timing of this wager.
Regardless of whether or not the sequester occurs, I'm sticking to my guns on this timeline—I've believed it since the very start of this slump.
Many who I know and asked me in private know this statement to be true. I'm sure only the people right in the thick of this downturn are even reading this.
The bottom could hit as early as February 28th, but the most intense pressure should last until March 27th. After that, gold is going to break free and rocket upward to at least $3500.

Jim Sinclair

What do you guys think about this manifesto?? 😛🙄

quiettrucker12 said:It looks like Ben Bernanke is losing the currency war, and the smart money is starting to smell a stock market top. We might see a weird window ahead where the US Dollar climbs against other currencies, but gold climbs even faster against the US Dollar. Even if Ben can't win this currency war, the mere fact that it’s happening should be enough for gold; currencies will just start collapsing against it one by one. Ben is likely going to try and soften the blow of what looks like a long, agonizing slide toward the end of this secular bear market—maybe another three or four years of pain. Right now, Ben has at least two massive reasons to keep printing: one to prevent (or at least cushion) a stock market crash, and another to maintain some semblance of a position in this currency war. The catch? It’ll be damn hard to pull all that off while trying to keep the US Dollar's current value intact.

Gold could stall out around 1570-75 tomorrow or the day after before heading higher.

Yeah, "might." That’s the magic word, isn't it? Used it a million times before, and look where it got us over the last year and a half. It hasn't happened. Personally, I don't see any massive rally coming that mimics that crazy run we saw from 2002 to 2011.

I know most Americans get burned financially by this because, as usual with any investment, they only jump into gold when it's already sitting right at the peak.

I can still remember the media hype from just two years ago, when every news outlet was screaming about gold and how everyone needed to buy in.

For most people, it was a total scam. They didn't enter gold as long-term investors—those folks were rare to begin with—but they were forced to become long-term holders simply because they got stuck holding the bag.

Is gold going up in the long run? Without a shadow of a doubt, yes. But we'll all be dead by the time that happens. We aren't seeing $3,000, $5,000, or tens of thousands of US Dollars per ounce anytime soon.

rustyseal5 said:Yeah, "might." That’s the magic word, isn't it? Used it a million times before, and look where it got us over the last year and a half. It hasn't happened. Personally, I don't see any massive rally coming that mimics that crazy run we saw from 2002 to 2011.

I know most Americans get burned financially by this because, as usual with any investment, they only jump into gold when it's already sitting right at the peak.

I can still remember the media hype from just two years ago, when every news outlet was screaming about gold and how everyone needed to buy in.

For most people, it was a total scam. They didn't enter gold as long-term investors—those folks were rare to begin with—but they were forced to become long-term holders simply because they got stuck holding the bag.

Is gold going up in the long run? Without a shadow of a doubt, yes. But we'll all be dead by the time that happens. We aren't seeing $3,000, $5,000, or tens of thousands of US Dollars per ounce anytime soon.

Oh, we will! Even Jim says it’s hitting $3,500 right after his birthday. 😂

@ Buyer 2011

So, when is the big day actually happening?
Lent wraps up on March 31st, if my memory isn't totally shot.
Then I guess it might just start drifting toward that number... but honestly, when is it actually gonna hit?🤷
😍

analogharbor44 said:Oh, we will! Even Jim says it’s hitting $3,500 right after his birthday. 😂

You're hilarious!