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--- THE --- GOLD --- AND --- SILVER --- BUBBLE ---

 
Anonymous Coward
User ID: 1212835
Canada
01/10/2011 06:55 AM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
SUBSTANTIAL GOLD AND SILVER CORRECTION IS COMING DUE TO PARABOLIC BLOW OFF TOP.

WHEN THE DOW TANKS, GUESS WHAT ELSE WILL COLLAPSE ?

GOLD CHART IS PARABOLIC WHICH MEANS A CRASH IS COMING.

DON'T SAY YOU WEREN'T WARNED.
 Quoting: Parabolic. 1185981


I am long silver and gold, and have been since 2002

However, in the past few weeks I have been pointing out the 2 year chart of silver to my options trading group, because it is worrisome

Now, that doesn't mean it will crash...this market is so manipulated I can't make a statement like that with certainty. I'm happier to go week by week.

There seem to be too many large traders willing to put a floor below any large dips on silver/gold/copper

However, here is the 3 year chart, and you can see what OP is talking about

[link to stockcharts.com]

The 6 month chart is currently ugly, with a huge red candle, and it has broken the strong trend it had in recent months to bounce off the 20 day moving average (the pink line) which has been support for this recent leg up:

[link to stockcharts.com]

The slow stochastics and MACD are negative, stochastics approaching oversold. I'd say we're in for a technical bounce, if nothing else, around $28 (the bottom range of the bollinger band)
Anonymous Coward
User ID: 1224488
Australia
01/10/2011 08:03 AM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
Prepare for a big fall.
Anonymous Coward
User ID: 1226038
Australia
01/11/2011 10:23 AM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
Prepare for a big fall.
 Quoting: Anonymous Coward 1224488


When ?
IT'S COMING !
User ID: 1227103
Australia
01/12/2011 08:06 AM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
1,377 now.

goldies, i'm not kidding around !

you have been WARNED.
Anonymous Coward
User ID: 1166690
United States
01/12/2011 06:39 PM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
1,377 now.

goldies, i'm not kidding around !

you have been WARNED.
 Quoting: IT'S COMING ! 1227103


Shouldn't you be worried about the flood over there?
DEFLATION !
User ID: 1227103
Australia
01/12/2011 10:05 PM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
Shouldn't you be worried about the flood over there?
 Quoting: Anonymous Coward 1166690



No worries mate, it's hot and dry where I am.






rant
goldies, i'm not kidding around !
you have been WARNED.

goldies, i'm not kidding around !
you have been WARNED.

goldies, i'm not kidding around !
you have been WARNED.
rant
Epic Beard Guy
Constitutional Crusader

User ID: 1161728
United States
01/12/2011 10:49 PM

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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
laugh
Yeah, everyone run out an swap you gold and silver for federal reserve notes, 'cause that's the secure investment. Benny's butt money is the hot investment today. Hay, just because I'm a nice guy, I will swap my butt money for your gold and silver. I will take one for the team here, out of the goodness of my heart!
1rof1 lmao lol
Have another one on the house! koolaid
Hope for the best, but prepare for the worst.
"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." -- Claire Wolfe
Punk-A$$ets

User ID: 1107017
United States
01/12/2011 11:08 PM

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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
SUBSTANTIAL GOLD AND SILVER CORRECTION IS COMING DUE TO PARABOLIC BLOW OFF TOP.

WHEN THE DOW TANKS, GUESS WHAT ELSE WILL COLLAPSE ?

GOLD CHART IS PARABOLIC WHICH MEANS A CRASH IS COMING.

DON'T SAY YOU WEREN'T WARNED.


I am long silver and gold, and have been since 2002

However, in the past few weeks I have been pointing out the 2 year chart of silver to my options trading group, because it is worrisome

Now, that doesn't mean it will crash...this market is so manipulated I can't make a statement like that with certainty. I'm happier to go week by week.

There seem to be too many large traders willing to put a floor below any large dips on silver/gold/copper

However, here is the 3 year chart, and you can see what OP is talking about

[link to stockcharts.com]

The 6 month chart is currently ugly, with a huge red candle, and it has broken the strong trend it had in recent months to bounce off the 20 day moving average (the pink line) which has been support for this recent leg up:

[link to stockcharts.com]

The slow stochastics and MACD are negative, stochastics approaching oversold. I'd say we're in for a technical bounce, if nothing else, around $28 (the bottom range of the bollinger band)
 Quoting: Anonymous Coward 1212835

I wish PMs would correct by at least 20%. I'm a true goldbug. All BS set aside, the debt and fear is real and it aint going away. Gold and silver coins aren't in short supply because of speculation.

Bring on the correction already. Its been months of warnings now.
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Anonymous Coward
User ID: 1220210
United States
01/12/2011 11:14 PM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
Was told by a friend of mine who made a tidy sum that Gold and Silver will suffer decent-sized drop and then when everyone 'casual' about buying bails in a panic, it will bottom out and then climb back up again.

I plan to hold on and wait for the bottom and buy some. He didn't give me a timeframe, though per context I think he meant it would happen in the next few months.
Punk-A$$ets

User ID: 1107017
United States
01/12/2011 11:18 PM

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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
Was told by a friend of mine who made a tidy sum that Gold and Silver will suffer decent-sized drop and then when everyone 'casual' about buying bails in a panic, it will bottom out and then climb back up again.

I plan to hold on and wait for the bottom and buy some. He didn't give me a timeframe, though per context I think he meant it would happen in the next few months.
 Quoting: Anonymous Coward 1220210

THIS is what needs to happen to get this thing wound up IMO. Those who have buckets of cash will scoop it up at a great discount. Not ashamed to say I'll be right there buying with the rest of the idiots.

Same shit happened in the 70s. Price dropped in 1/2 as I remember reading. Then the price went on to record highs.
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Anonymous Coward
User ID: 1228244
Australia
01/13/2011 04:03 AM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
Bring on the correction already. Its been months of warnings now.
 Quoting: Punk-A$$ets



You were so bullish gold and told everyone it would keep going up. Punk has woken up now has he ?

You realise you're wrong but can't admit it.

HA HA HA !

s226
Anonymous Coward
User ID: 1228244
Australia
01/13/2011 05:18 AM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
1,379 goldtards !
PUNK ARSE TOSSER.
User ID: 1228244
Australia
01/13/2011 06:02 AM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
1,378

Prepare for the drop !
Punk-A$$ets

User ID: 1107017
United States
01/13/2011 07:22 AM

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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
Bring on the correction already. Its been months of warnings now.



You were so bullish gold and told everyone it would keep going up. Punk has woken up now has he ?

You realise you're wrong but can't admit it.

HA HA HA !

s226
 Quoting: Anonymous Coward 1228244

I havent changed. i am still bullish on gold. Just looking for a buying op. Your the bear.
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Anonymous Coward
User ID: 892057
Netherlands
01/13/2011 10:02 AM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
Hi Punk,

I am very curious to understand with all news about shortages in silver and such why the price is going down now anyway. Is this still manipulation? Cause demand seems higher tha ever. Hard to see why prices are not going up when demand is all time high. Curious for your persepective. Small timers like me are getting a bit nervous although I will hang on to my small stash of physical pm.
Punk-A$$ets

User ID: 1107017
United States
01/13/2011 02:33 PM

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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
Hi Punk,

I am very curious to understand with all news about shortages in silver and such why the price is going down now anyway. Is this still manipulation? Cause demand seems higher tha ever. Hard to see why prices are not going up when demand is all time high. Curious for your persepective. Small timers like me are getting a bit nervous although I will hang on to my small stash of physical pm.
 Quoting: Anonymous Coward 892057

I dont know. Both gold and silver went berserk for 2010. We have yet to see any meaningful correction. I suspect people are just waiting to see whats going to happen with the economy. Those who have a secure job are spending more but unemployment is still really troublesome. There is, IMO, progress being made on that front but worldwide debt is building up faster than jobs are being created. Reality will hit yet again either before or after any correction, then metals will go on reach new multi decade to new record highs. Gold at $1550 and silver at $40 very likely later this year, IMO.

I gave up trying to figure it out long ago. I just continue to buy and trade into gold (and silver) when it suits me. I use every correction as a buying op.

But dont get me wrong. I have a huge cash position because when gold and silver correct (and they will), I will have the means to buy up deals. Cant do that without cash.
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Pffftards

User ID: 1032222
United States
01/13/2011 02:35 PM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
SUBSTANTIAL GOLD AND SILVER CORRECTION IS COMING DUE TO PARABOLIC BLOW OFF TOP.

WHEN THE DOW TANKS, GUESS WHAT ELSE WILL COLLAPSE ?

GOLD CHART IS PARABOLIC WHICH MEANS A CRASH IS COMING.

DON'T SAY YOU WEREN'T WARNED.
 Quoting: Parabolic. 1185981



No bubble if you have it in your hand.

No bubble as long as our government prints TRILLIONS of dollars out of thin air.
Punk-A$$ets

User ID: 1107017
United States
01/13/2011 02:41 PM

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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
Hi Punk,

I am very curious to understand with all news about shortages in silver and such why the price is going down now anyway. Is this still manipulation? Cause demand seems higher tha ever. Hard to see why prices are not going up when demand is all time high. Curious for your persepective. Small timers like me are getting a bit nervous although I will hang on to my small stash of physical pm.
 Quoting: Anonymous Coward 892057

I dont even think about it anymore. While I dont offer any advise to buy or sell, my mindset is that PMs are a monetary insurance. I dont know that I will EVER sell what we have. The ONLY reason I ever would is IF i needed the money. Any other mindset is a type of speculation, right?

You have to ask yourself how the world can possibly get out of debt. ECB is going to have to bail out several euro countries. This can only weaken the euro. The FED is going to have to bail out many states either directly or indirectly which will weaken the dollar.

What other choice is there?
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Punk-A$$ets

User ID: 1107017
United States
01/13/2011 03:12 PM

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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
SUBSTANTIAL GOLD AND SILVER CORRECTION IS COMING DUE TO PARABOLIC BLOW OFF TOP.

WHEN THE DOW TANKS, GUESS WHAT ELSE WILL COLLAPSE ?

GOLD CHART IS PARABOLIC WHICH MEANS A CRASH IS COMING.

DON'T SAY YOU WEREN'T WARNED.



No bubble if you have it in your hand.

No bubble as long as our government prints TRILLIONS of dollars out of thin air.

 Quoting: Pffftards

that is the best avatar I have ever seen
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Anonymous Coward
User ID: 892057
Netherlands
01/13/2011 06:34 PM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
Thanks for your input Punk, much appreciated. Lots to ponder...having cash makes sense...
PUNK ARSE is a TOSSER.
User ID: 1229679
Australia
01/14/2011 09:09 AM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
1,364

Prepare for the drop !
Anonymous Coward
User ID: 1207066
United States
01/14/2011 09:16 AM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
1,364

Prepare for the drop !
 Quoting: PUNK ARSE is a TOSSER. 1229679

is it going to go back up?
Anonymous Coward
User ID: 1207066
United States
01/14/2011 09:20 AM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
wait...just looking at the charts....in the past two years silver went from nearly twenty to a steady drop to 10...i've been in metals since 04

these big corrections are par
Anonymous Coward
User ID: 457415
United States
01/14/2011 09:24 AM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
Please take gold down to $1260 USD. I want to buy GDXJ at $30 a share for the ride up to $120 by year-end.

Thanks in advance, Blythe and Co.
Punk Arse Licker.
User ID: 1229679
Australia
01/14/2011 10:14 AM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
is it going to go back up?
 Quoting: Anonymous Coward 1207066


Who knows,but a big fucking precious and base metals correction is coming.
Punk-A$$ets

User ID: 1107017
United States
01/14/2011 10:51 AM

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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
Please take gold down to $1260 USD. I want to buy GDXJ at $30 a share for the ride up to $120 by year-end.

Thanks in advance, Blythe and Co.
 Quoting: Anonymous Coward 457415

I read that in the 70s gold dropped almost in HALF. We could only hope for such a sale!

Imagine silver at $15 again!



rockon


I found these charts for the daily price. Spend a few minutes and the drop should show up.

[link to www.usagold.com]

Looks like some large corrections in both 74 and 75.

Last Edited by Punk-A$$ets on 01/14/2011 10:58 AM
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Anonymous Coward
User ID: 1229725
United States
01/14/2011 10:59 AM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
Prepare for a big fall.
 Quoting: Anonymous Coward 1224488


Hey coward, since your so sure of the big drop where is your money going, don't tell me fiat currencies, if so you should be banned.
Punk Arse Licker.
User ID: 1229679
Australia
01/14/2011 08:15 PM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
Hey coward, since your so sure of the big drop where is your money going, don't tell me fiat currencies, if so you should be banned.
 Quoting: Anonymous Coward 1229725



Hey LOSER, feel free to buy now.

Go ahead troll.

s226
PUNKARSE_BULLTARD
User ID: 1229679
Australia
01/17/2011 12:33 AM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
1362

sHE'S gOING dOWN.
Anonymous Coward
User ID: 1238003
Vietnam
01/21/2011 05:35 AM
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Re: --- THE --- GOLD --- AND --- SILVER --- BUBBLE ---
I've gotta agree with OP, just from a technical (Elliott Wave specifically) perspective, (paper) gold is likely to drop into the $700-1000/oz. range.

But 2 things must be kept in mind about that:

1) The long-term trend for gold after the 30-50% drop is still * up *, so it's not necessarily a bad investment now.

2) The big correction in gold may well come at a time when physical gold is difficult or impossible to obtain. Therefore, now might still be a good time to buy the real thing even though the paper gold prices are likely to fall quite a lot in the coming months.

Having trouble buying physical gold? Just move to Southeast Asia. We've got the real stuff on just about every street. The standard gold chip is around one-tenth of an ounce. Going for $170 on the streets of Hanoi right now.

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