Gold: Past, Present, and Future

So, the Dollar keeps climbing. That’s what... 11 days straight now? Let's see how Gold opens, but this rally might have another day or two in it before it tires out.

quiettrucker12 said:Donald Trump just cut mandatory bank reserves... gold shorting is at its lowest level since the start of 2009... there's a massive chance we hit the bottom this past Friday at $1574.

Personally, I'm calling it now—the floor is going to be way lower than $1550. We'll see how it plays out.

That would mean USD EUR dropping below 1.2865. A long shot, but hey, anything can happen. We'll see...

quiettrucker12 said:That would mean USD EUR dropping below 1.2865. A long shot, but hey, anything can happen. We'll see...

Just keeping an eye on how things are playing out today. Everything over here feels totally dead 😍
with the IBEX down 3%, Spanish 10-year yields hitting 6.35%, and Greece sitting at a massive 27.5%. It’s looking pretty rough for the Euro. Let's see how the US market opening shakes things up.

Melissa Sanchez17 said:Personally, I'm calling it now—the floor is going to be way lower than $1550. We'll see how it plays out.

Sinclair claimed the floor was at 1632. He missed. It’s pretty damn rare for Sinclair to be off his mark—the guy basically lives on "inside" intel—so when he misses, you know things are getting ugly. It looks like the cartel is going all out, using every bit of artillery they have (both seen and unseen) just to take down the PMs. I’m with the idea that we could see a dip below $1550, but honestly? I think some version of QE3 is hitting the fan very soon. Which means we’re looking at gold hitting 2111 by the end of the year. That's both Sinclair's take and mine.

It’ll be interesting to see what happens with mining stocks—specifically whether they can stay north of Hui 393 after Wednesday. If 393 doesn't break, we might see a sudden pivot in the sector.

placidlynx43 said:Sinclair claimed the floor was at 1632. He missed. It’s pretty damn rare for Sinclair to be off his mark—the guy basically lives on "inside" intel—so when he misses, you know things are getting ugly. It looks like the cartel is going all out, using every bit of artillery they have (both seen and unseen) just to take down the PMs. I’m with the idea that we could see a dip below $1550, but honestly? I think some version of QE3 is hitting the fan very soon. Which means we’re looking at gold hitting 2111 by the end of the year. That's both Sinclair's take and mine.

Look, I'm not sweating the bull market one bit. As long as the Federal Reserve keeps interest rates pinned down, as long as debt keeps climbing (even if it's slowing, it's still growing), and as long as they keep printing money...
The Euro is basically held together by duct tape at this point—we'll see how it plays out.
QE3 is a mathematical certainty; the only real question is how much it’s going to mess with the upcoming U.S. presidential election.

quiettrucker12 said:It’ll be interesting to see what happens with mining stocks—specifically whether they can stay north of Hui 393 after Wednesday. If 393 doesn't break, we might see a sudden pivot in the sector.

Personally, I’ve become incredibly pessimistic regarding miners. The cartel has an endless supply of naked shorting at their disposal, and they aren't going to stop until the entire sector is absolutely gutted. Sinclair has pointed out multiple times that only the miners with actual "minable ounces in the ground" are going to survive and grow. I don't know how many of you guys follow Ranting Andy? I started following him just over a year ago, and honestly, I consider him the top authority when it comes to dissecting cartel manipulation. http://blog.milesfranklin.com/catego...andrew-hoffman
Andy breaks down the exact algorithms the cartel uses to rig the game. He was actually the first one to pinpoint those specific windows when the cartel launches its DAILY (Mon-Fri) attacks: 09:00, 14:20, and 18:00. I'm talking Eastern Time, obviously.

Yields tanking below 1.8%

http://www.bloomberg.com/quote/USGG10YR:IND

Some people were out here warning us—saying if things dipped under 1.8%, we’d be looking at absolute chaos. "🤷total meltdown,">>
they called it.

placidlynx43 said:Personally, I’ve become incredibly pessimistic regarding miners. The cartel has an endless supply of naked shorting at their disposal, and they aren't going to stop until the entire sector is absolutely gutted. Sinclair has pointed out multiple times that only the miners with actual "minable ounces in the ground" are going to survive and grow. I don't know how many of you guys follow Ranting Andy? I started following him just over a year ago, and honestly, I consider him the top authority when it comes to dissecting cartel manipulation. http://blog.milesfranklin.com/catego...andrew-hoffman
Andy breaks down the exact algorithms the cartel uses to rig the game. He was actually the first one to pinpoint those specific windows when the cartel launches its DAILY (Mon-Fri) attacks: 09:00, 14:20, and 18:00. I'm talking Eastern Time, obviously.

I read one of his pieces on manipulation a few months back. To be fair, seeing those mathematical formulas the cartel uses felt a little "freaky." But hey, who knows? Maybe he’s onto something.

Melissa Sanchez17 said:Look, I'm not sweating the bull market one bit. As long as the Federal Reserve keeps interest rates pinned down, as long as debt keeps climbing (even if it's slowing, it's still growing), and as long as they keep printing money...
The Euro is basically held together by duct tape at this point—we'll see how it plays out.
QE3 is a mathematical certainty; the only real question is how much it’s going to mess with the upcoming U.S. presidential election.

I'm right there with you on this. It really comes down to what happens in the short and medium term. This one guy, Latvijac—who's a total amateur, by the way—has actually been a killer forecaster (at least up to this point). For instance, he's calling for gold to trade between $1575 and $1765 leading up to the U.S. elections. Then, once the dust settles from the election, he’s predicting a massive surge toward $3000 by January 2013. On top of that, he thinks silver is going to start its big expansion run in the second half of May and hit $70 by year-end. I'm dropping a link to his charts here http://www.tfmetalsreport.com/forum/2814/ivars-charts. The guy's name is Ivars, and honestly, you should definitely check out his charts and dig into his logic/analysis.

Melissa Sanchez17 said:Yields tanking below 1.8%

http://www.bloomberg.com/quote/USGG10YR:IND

Some people were out here warning us—saying if things dipped under 1.8%, we’d be looking at absolute chaos. "🤷total meltdown,">>
they called it.

And yeah, dan Norcini was calling this exact thing last week. So, what's the play? Is QE3 about to hit the fan, or are we watching the entire system just... unravel? We're gonna find out real soon.

Melissa Sanchez17 said:I read one of his pieces on manipulation a few months back. To be fair, seeing those mathematical formulas the cartel uses felt a little "freaky." But hey, who knows? Maybe he’s onto something.

Honestly, I wouldn't be surprised if Andy is spot on here. Take his take on how the cartel basically "allows" price surges between 10 AM and noon EST about 95% of the time. Just watch gold for ten days and you'll see those predictable "waterfalls" hitting right around 9:00 and 2:20 PM EST. The algorithms are practically identical. Then again, "some people" have already cracked those codes and are busy flipping their paper gains into actual physical bullion.

placidlynx43 said:I'm right there with you on this. It really comes down to what happens in the short and medium term. This one guy, Latvijac—who's a total amateur, by the way—has actually been a killer forecaster (at least up to this point). For instance, he's calling for gold to trade between $1575 and $1765 leading up to the U.S. elections. Then, once the dust settles from the election, he’s predicting a massive surge toward $3000 by January 2013. On top of that, he thinks silver is going to start its big expansion run in the second half of May and hit $70 by year-end. I'm dropping a link to his charts here http://www.tfmetalsreport.com/forum/2814/ivars-charts. The guy's name is Ivars, and honestly, you should definitely check out his charts and dig into his logic/analysis.

Ivars. I’ve got his charts right here.

Keep an eye on the DJIA today. I’m betting my bottom dollar that PPT won't let things slide more than 1%—they just can't afford it. My guess? We'll see the Dow hit rock bottom within the first 45 minutes, and then, in the final half hour, we're going to see some kind of "Hail Mary" rally orchestrated by PPT to claw those losses back down to a measly 0.5%.

German gold...

http://gata.org/node/11362

Just some German article I translated into English

Melissa Sanchez17 said:You sure about that? The Dollar is only going to get stronger. There's massive uncertainty over in Europe right now, putting all this pressure on the Euro. And don't even get me started on Greece—that's a whole different disaster waiting to happen. New elections there seem almost inevitable... I mean, their 10-year yields just spiked to 23%.😍

Sorry, I'm a bit out of the loop here—what kind of trading volume are we talking about, or how many Greek bond issuances have actually hit that 23% yield mark?

Elizabeth Harris11 said:Sorry, I'm a bit out of the loop here—what kind of trading volume are we talking about, or how many Greek bond issuances have actually hit that 23% yield mark?

Who on earth is actually buying this stuff?

analogharbor44 said:Who on earth is actually buying this stuff?

Besides, this doesn't even belong in this thread.🙂

I just picked up some Vanguard gold since we’re sitting at the bottom third of this triangle. Honestly, I think hitting $2,000 is going to be a breeze ☕