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| 07:21 PM | ||
| Users Online Now: 2,684 (Who's On?) | Visitors Today: 1,283,797 | |
| Pageviews Today: 2,166,820 | Threads Today: 907 | Posts Today: 13,118 |
| 07:21 PM | ||
--- THE --- GOLD --- AND --- SILVER --- BUBBLE --- | |
| Anonymous Coward User ID: 1212835  Canada01/10/2011 06:55 AM Report Abusive Post Report Copyright Violation | SUBSTANTIAL GOLD AND SILVER CORRECTION IS COMING DUE TO PARABOLIC BLOW OFF TOP. Quoting: Parabolic. 1185981WHEN 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) |
| Anonymous Coward User ID: 1224488  Australia01/10/2011 08:03 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1226038 Australia01/11/2011 10:23 AM Report Abusive Post Report Copyright Violation | |
| IT'S COMING ! User ID: 1227103 Australia01/12/2011 08:06 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1166690  United States01/12/2011 06:39 PM Report Abusive Post Report Copyright Violation | |
| DEFLATION ! User ID: 1227103 Australia01/12/2011 10:05 PM Report Abusive Post Report Copyright Violation | Shouldn't you be worried about the flood over there? Quoting: Anonymous Coward 1166690No worries mate, it's hot and dry where I am.  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. |
| Epic Beard Guy Constitutional Crusader  User ID: 1161728 United States01/12/2011 10:49 PM  Report Abusive Post Report Copyright Violation |  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!    Have another one on the house!  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 States01/12/2011 11:08 PM  Report Abusive Post Report Copyright Violation | SUBSTANTIAL GOLD AND SILVER CORRECTION IS COMING DUE TO PARABOLIC BLOW OFF TOP. Quoting: Anonymous Coward 1212835WHEN 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) 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 - lower than last year??? I find it ironic how posters keep telling us how gold and silver will be confiscated, a minuscule market mind you, at the very same time the bankers are changing laws to simply confiscate savings and market accounts directly. In fact, we've already had confiscations; MF Global and Cyprus. Sorry, you'll lose your savings first. |
| Anonymous Coward User ID: 1220210 United States01/12/2011 11:14 PM Report Abusive Post Report Copyright Violation | 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 States01/12/2011 11:18 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 1220210I 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. 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 - lower than last year??? I find it ironic how posters keep telling us how gold and silver will be confiscated, a minuscule market mind you, at the very same time the bankers are changing laws to simply confiscate savings and market accounts directly. In fact, we've already had confiscations; MF Global and Cyprus. Sorry, you'll lose your savings first. |
| Anonymous Coward User ID: 1228244 Australia01/13/2011 04:03 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1228244 Australia01/13/2011 05:18 AM Report Abusive Post Report Copyright Violation | |
| PUNK ARSE TOSSER. User ID: 1228244 Australia01/13/2011 06:02 AM Report Abusive Post Report Copyright Violation | |
| Punk-A$$ets User ID: 1107017 United States01/13/2011 07:22 AM Report Abusive Post Report Copyright Violation | Bring on the correction already. Its been months of warnings now. Quoting: Anonymous Coward 1228244You were so bullish gold and told everyone it would keep going up. Punk has woken up now has he ? You realise you're wrong but can't admit it. HA HA HA !  I havent changed. i am still bullish on gold. Just looking for a buying op. Your the bear. Gold Prices: 12/31/2000 - $273 12/31/2005 – $516 12/31/2010 - $1,421 12/31/2011 - $1,566 12/31/2012 - $1,676 12/31/2013 - lower than last year??? I find it ironic how posters keep telling us how gold and silver will be confiscated, a minuscule market mind you, at the very same time the bankers are changing laws to simply confiscate savings and market accounts directly. In fact, we've already had confiscations; MF Global and Cyprus. Sorry, you'll lose your savings first. |
| Anonymous Coward User ID: 892057  Netherlands01/13/2011 10:02 AM Report Abusive Post Report Copyright Violation | Hi Punk, I am very curious to understand with all news about shortages in silver and such why the price is going down now anyway. Is this still manipulation? Cause demand seems higher tha ever. Hard to see why prices are not going up when demand is all time high. Curious for your persepective. Small timers like me are getting a bit nervous although I will hang on to my small stash of physical pm. |
| Punk-A$$ets User ID: 1107017 United States01/13/2011 02:33 PM Report Abusive Post Report Copyright Violation | Hi Punk, Quoting: Anonymous Coward 892057I 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. 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 - lower than last year??? I find it ironic how posters keep telling us how gold and silver will be confiscated, a minuscule market mind you, at the very same time the bankers are changing laws to simply confiscate savings and market accounts directly. In fact, we've already had confiscations; MF Global and Cyprus. Sorry, you'll lose your savings first. |
| Pffftards User ID: 1032222 United States01/13/2011 02:35 PM Report Abusive Post Report Copyright Violation | SUBSTANTIAL GOLD AND SILVER CORRECTION IS COMING DUE TO PARABOLIC BLOW OFF TOP. Quoting: Parabolic. 1185981WHEN 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. |
| Punk-A$$ets User ID: 1107017 United States01/13/2011 02:41 PM Report Abusive Post Report Copyright Violation | Hi Punk, Quoting: Anonymous Coward 892057I am very curious to understand with all news about shortages in silver and such why the price is going down now anyway. Is this still manipulation? Cause demand seems higher tha ever. Hard to see why prices are not going up when demand is all time high. Curious for your persepective. Small timers like me are getting a bit nervous although I will hang on to my small stash of physical pm. I dont even think about it anymore. While I dont offer any advise to buy or sell, my mindset is that PMs are a monetary insurance. I dont know that I will EVER sell what we have. The ONLY reason I ever would is IF i needed the money. Any other mindset is a type of speculation, right? You have to ask yourself how the world can possibly get out of debt. ECB is going to have to bail out several euro countries. This can only weaken the euro. The FED is going to have to bail out many states either directly or indirectly which will weaken the dollar. What other choice is there? Gold Prices: 12/31/2000 - $273 12/31/2005 – $516 12/31/2010 - $1,421 12/31/2011 - $1,566 12/31/2012 - $1,676 12/31/2013 - lower than last year??? I find it ironic how posters keep telling us how gold and silver will be confiscated, a minuscule market mind you, at the very same time the bankers are changing laws to simply confiscate savings and market accounts directly. In fact, we've already had confiscations; MF Global and Cyprus. Sorry, you'll lose your savings first. |
| Punk-A$$ets User ID: 1107017 United States01/13/2011 03:12 PM Report Abusive Post Report Copyright Violation | SUBSTANTIAL GOLD AND SILVER CORRECTION IS COMING DUE TO PARABOLIC BLOW OFF TOP. Quoting: PffftardsWHEN 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. 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 - lower than last year??? I find it ironic how posters keep telling us how gold and silver will be confiscated, a minuscule market mind you, at the very same time the bankers are changing laws to simply confiscate savings and market accounts directly. In fact, we've already had confiscations; MF Global and Cyprus. Sorry, you'll lose your savings first. |
| Anonymous Coward User ID: 892057 Netherlands01/13/2011 06:34 PM Report Abusive Post Report Copyright Violation | |
| PUNK ARSE is a TOSSER. User ID: 1229679 Australia01/14/2011 09:09 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1207066 United States01/14/2011 09:16 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1207066 United States01/14/2011 09:20 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 457415 United States01/14/2011 09:24 AM Report Abusive Post Report Copyright Violation | |
| Punk Arse Licker. User ID: 1229679 Australia01/14/2011 10:14 AM Report Abusive Post Report Copyright Violation | |
| Punk-A$$ets User ID: 1107017 United States01/14/2011 10:51 AM Report Abusive Post Report Copyright Violation | Please take gold down to $1260 USD. I want to buy GDXJ at $30 a share for the ride up to $120 by year-end. Quoting: Anonymous Coward 457415Thanks in advance, Blythe and Co. I read that in the 70s gold dropped almost in HALF. We could only hope for such a sale! Imagine silver at $15 again!  I found these charts for the daily price. Spend a few minutes and the drop should show up. [link to www.usagold.com] Looks like some large corrections in both 74 and 75. Last Edited by Punk-A$$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 - lower than last year??? I find it ironic how posters keep telling us how gold and silver will be confiscated, a minuscule market mind you, at the very same time the bankers are changing laws to simply confiscate savings and market accounts directly. In fact, we've already had confiscations; MF Global and Cyprus. Sorry, you'll lose your savings first. |
| Anonymous Coward User ID: 1229725 United States01/14/2011 10:59 AM Report Abusive Post Report Copyright Violation | |
| Punk Arse Licker. User ID: 1229679 Australia01/14/2011 08:15 PM Report Abusive Post Report Copyright Violation | |
| PUNKARSE_BULLTARD User ID: 1229679 Australia01/17/2011 12:33 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1238003  Vietnam01/21/2011 05:35 AM Report Abusive Post Report Copyright Violation | 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. |
