1500

[Neuro]

Yes! ;D

[Silver Rocket Bitches!]

Sorry, what was that?

I was busy watching silver bust through $43.50.

[Neuro]

Just a Gold prediction for today! Just a few measly worthless Dollars away!

[Antonio]

Yes! ;D

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

[JJ.G0ldD0t]

dammit..

I give up - I was gonna do 44.

hard to believe though...1500 - wow

[Neuro]

dammit..

I give up - I was gonna do 44.

hard to believe though...1500 - wow
SWING DAY! Silver is dropping like a rock! More than a dollar in 20 minutes!

[osoab]

Yes! ;D


Jinx :taunt:

[gunDriller]

it's like going to Mount Rainier and not getting out of your car to look at the view.

so close but so far !

somehow i think the threshold of $1500 will be crossed.

incidentally, let's say silver $44 ... GSR = 32.

[Ponce]

Don't worry guys, soon a big event will happen which will make silver go over $50.00 in nothing flat....and when you look into the future you can see that $50.00 is nothing but loose change.

[MAGNES]

dammit..

I give up - I was gonna do 44.

hard to believe though...1500 - wow
SWING DAY! Silver is dropping like a rock! More than a dollar in 20 minutes!


Now we are talking, GC broke key resistance at 1430 at the end of which was a wedge,
I believe a painted chart, consolidation at 1460, a small pop, a one day test of 1460
to the downside, came off of it strong back to 1475, SI looking very very strong, strong
moves, GC sideways, SI up , now the short term target of 1490 was reached, determined
just by basic tech analysis, and here we are early in the week knocking at 1500 .
This is a big deal. On SI that buck move is more like 3/8 of past, washing out longs
is going to be easier to do and trading this is going to be very hard, hitting stops is
going to be much easier for the riggers. The percentages the same of past, the absolute
amounts are greater, easier for them to control the market and make bigger money.
Peak seasonal is here, maybe another month, we see.

[Serpo]

Is today the day GOLD blasts 1500 into the history books

[Serpo]

Yes gold has gone no where for months ...

At that ratio gold would of gone up another 25% in value while silver,well it has to triple in price...........

[Trinity]

Peak seasonal is here, maybe another month, we see.
Yes I agree with you on this MAGNES. I expect masive movements also. Heart attack stuff.

[Ponce]

Sure........but........heart attack stuff only if you don't hold PM.......me? I'll be dancing around the block with flowers on my hair while playing a violin and singing sotte voce.

[Trinity]

But what about the unfortunate children of parents who did not buy PM's Ponce? Will that not temper your joy? :(

[Ponce]

Hahahahahaha Trinity, and why do you think I never had kids?....... to me they are like a case of hemo that the doctor cannot fix.......................I only had two rules with wives or girlfriends..........DON'T GET FAT and NO KIDS.........anything else and will fight about it, but break one of those two rules and I will simply walk away.

[MAGNES]

Peak seasonal is here, maybe another month, we see.
Yes I agree with you on this MAGNES. I expect masive movements also. Heart attack stuff.


I don't know what is going to happen, $1500 is big psychological .

I just gave an overview of how the charts played out, and my call, ;D

Right now they are not knocking it down overnight, we watch London,
GC if it bases sideways 1590-1560 and comes off lows fast this thing
looks to go much higher. At peaks they keep it away. Consolidation
sideways and I think you will see a good pop past 1500, SI could easily
do 48 if we get a pop like we did past 1430. Expirey is next week, they
don't seem to care, May contracts.

Sub 1430 is huge support and major wall.

[Ponce]

Magnes? don't pay attention to the numbers but at the people, they are the ones doing the buying and what was yesterday is not today.......and that's what past numbers are to me.

[MAGNES]

Magnes? don't pay attention to the numbers but at the people, they are the ones doing the buying and what was yesterday is not today.......and that's what past numbers are to me.


This thing is just getting started looks like .
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p42106480801&r=8828

[SilverMagnet]

All this price watching is a hefty lot of Bullshit. It doesn't matter what the digital numbers on your screen tell you. Gold & Silver are the true currency, not the worthless paper that dictates it's value.

You can either watch the price fluctuate up and down and count the paper value of your holdings or take stock in the true intrinsic value of the metal and increase your physical holdings regardless of paper cost.

f**k the charts, they are for the fiat slaves.

[Ponce]

Well, right now silver is way down.......but still higher than the $5.16 per oz that I paid for them LOLLLLL.

[Serpo]

Well, right now silver is way down.......but still higher than the $5.16 per oz that I paid for them LOLLLLL.

Thats quite a buffer ya got there Ponce............

[Neuro]

I was waiting for this thread. Silver has been (rightfully) getting all of the recent recognition, but $1500 gold will be a major milestone.

To those that think we will eventually get back to the 16:1 ratio, I ask what do you think the prices will be for both metals at that ratio?

2000 Gold?
125 Silver?

I think 2000 Gold will see 50 Silver for a G/S ratio of 40, probably in Jan-March next year. Before that we will see G/S go back to 55 in the summer...

[Ponce]

Yes Serpo, and I deserve it.......after all.....I have been holding to it for the past twenty eight years.

[silver solution]

Well, right now silver is way down.......but still higher than the $5.16 per oz that I paid for them LOLLLLL.


You better sell that stuff now before everyone knows its radioactive:-)

[Neuro]

Yes Serpo, and I deserve it.......after all.....I have been holding to it for the past twenty eight years.
Yes you do, the price now, represents an interest of 7%/year. Good but not brilliant...

[bellevuebully]

Yes Serpo, and I deserve it.......after all.....I have been holding to it for the past twenty eight years.
Yes you do, the price now, represents an interest of 7%/year. Good but not brilliant...


Although, 7% every year for the next 28 years might be considered brilliant. It really is difficult to say what to expect if/when this derivitive-based global fiat fiasco runs it's course.

[osoab]

So close.

.60 or .20 away depending on who's numbers you are watching.

[osoab]

A breach!

[Large Sarge]

we went through $1500 very easily

big round number like that

good sign IMO

a few closes over 1500, and onwards and upwards

[ximmy]

we went through $1500 very easily

big round number like that

good sign IMO

a few closes over 1500, and onwards and upwards




cheers... ;D

[Eyebone]

I went to the coin store early today.

I traded 19 ASE and 1/2 oz GAE for one one oz AGE and nineteen dollars.

Silver was at 44.02 I think,

[MAGNES]

KNOCK KNOCK !

I given you cheerleaders a hard time, now I'm one, I have mixed feelings.
Less opportunities to buy cheap and trade.

This thing is knocking on 1500 for 3 days, looks like it is going to blow
to the upside, 1590 , interday 1625, wholly smolly sinclair man.

[Sparky]

I went to the coin store early today.

I traded 19 ASE and 1/2 oz GAE for one one oz AGE and ninteen dollars.

Silver was at 44.02 I think,


Using Apmex pricing, you traded $1796 in retail value for $1602 in retail value, which is a little more than 10% loss. Is the silver-gold trade typically that costly? I realize you hope to make it back if/when the ratio goes back up.

[FunnyMoney]

Gold is not to be ignored. The way to invest in gold is on a average in plan and count your wealth in ounces. The game of pure global fiat currency is a very risky game. China knows this, which is why they are a big net importer of gold, despite being the biggest miner of it.

[Serpo]

15 Hundred GOLD

[Serpo]

..Gold Breaches Nominal High Of $1,500/oz; Inflation Adjusted High Of $2,400/oz Remains Long Term Target
Submitted by Tyler Durden on 04/20/2011 07:44 -0400



Gold has breached the $1500 level and reached new record nominal highs at $1,505.65/oz. Since yesterday it has gradually risen in all currencies and is approaching record nominal highs in all major currencies. $2,400/oz is the inflation adjusted (CPI) high of 1980 and given the very uncertain macroeconomic climate of today and concerns about the dollar and all major currencies, arguably even more uncertain than the 1970’s, the real high remains a very viable target. It is important to remember that while gold has risen some 6 times in 11 years ($250 to $1500) it rose by 24 times in 9 years in the 1970’s – from 1971 to January 1980 ($35 to $850). This puts the recent reasonably gradual increase in gold prices in perspective and should give gold bears and top callers pause for thought. ;D
http://www.zerohedge.com/

[madfranks]

Wow - $1500 gold and $45 silver. Congratulations are in order for those who've been buying and holding the past decade. Awesome!

[Neuro]

Wow - $1500 gold and $45 silver. Congratulations are in order for those who've been buying and holding the past decade. Awesome!
Thank you, and congratulations to you to Madfranks!

[platinumdude]

We under 1500 now. But silver still hot.

[Sparky]

We under 1500 now. But silver still hot.


Key testing ground here for an intermediate term reversal. What do we hit next, $1600 or $1400?

[bellevuebully]

We under 1500 now. But silver still hot.


Key testing ground here for an intermediate term reversal. What do we hit next, $1600 or $1400?


Summer doldrums this year?? What say thee Sparkitus?

[Sparky]

We under 1500 now. But silver still hot.


Key testing ground here for an intermediate term reversal. What do we hit next, $1600 or $1400?


Summer doldrums this year?? What say thee Sparkitus?


Yes, I've already weighed in that the April high (whenever it is finally established!) won't be approached for several months.

[MAGNES]

Same thing is happening, hugely positive,

$1500 is big psychological

they are not knocking it down at all

Consolidation sideways

SI very strong as GC goes sideways at 1500 in $10 range SI blasts $ 1.50

Using 50 % points high 1500's are very likely.

[bellevuebully]

I dipped into some Rubicon and GPR over the last 2 days. I'm 80% cash, and now 20% in on my paper. I've already taken 30% profit off the table in my paper acct, and was 100% cash, but I think I wanna have a foot in the water here. These miners seem like coiled springs. Stocks still sitting at values they were when silver was 20 and gold 1000. I'd love to see an obvious pullback, but I have a feeling the lids going to come off on the miners out of the blue. Don't want to be sitting on the beach when that happens. I can handle downside.

[TheNocturnalEgyptian]

GSUS - "I WAS RIGHT."

[osoab]

I dipped into some Rubicon and GPR over the last 2 days. I'm 80% cash, and now 20% in on my paper. I've already taken 30% profit off the table in my paper acct, and was 100% cash, but I think I wanna have a foot in the water here. These miners seem like coiled springs. Stocks still sitting at values they were when silver was 20 and gold 1000. I'd love to see an obvious pullback, but I have a feeling the lids going to come off on the miners out of the blue. Don't want to be sitting on the beach when that happens. I can handle downside.



I am on the opposite side of that view. Even with 45 & 1500 being broken today, only a few of the miners showed any spectacular gains. SLW is down in the afterhours. Seems more of a portend of things to me.

[osoab]

GSUS - "I WAS RIGHT."


What do you mean was right?


We are always right. :D

[madfranks]

Wow - closing above $1500. Incredible to think about it - that's one thousand five hundred dollars for one ounce of yellow metal. This is the validation that many of us have been waiting for; nobody can tell us that gold is a bad investment/hedge/protection because the proof is now looking you in the face.

[chad]

YOU SHOULD ONLY BUY GOOD, GROWTH STOCK, MUTUTAL FUNDS WITH A LEAST A 10 YEAR PROVEN TRACK RECORD. THE ONLY GOLD I OWN IS A PAIR OF CUFFLINKS.

- dave ramsey, everyday

[Ponce]

The mistakes that most people are making it to predict the future according to what happened in the past, this is no longer possible because it is a new world with new rules........when you come to understand this you will then be better prepared for what is to come.

[madfranks]

The mistakes that most people are making it to predict the future according to what happened in the past, this is no longer possible because it is a new world with new rules.


Thank you - every time someone tells me that this or that stock did better than gold from '75 to today, I tell them that during the last decade we've entered a new paradigm, defined by the fall of the dollar and the rise of precious metals.

[bellevuebully]

I dipped into some Rubicon and GPR over the last 2 days. I'm 80% cash, and now 20% in on my paper. I've already taken 30% profit off the table in my paper acct, and was 100% cash, but I think I wanna have a foot in the water here. These miners seem like coiled springs. Stocks still sitting at values they were when silver was 20 and gold 1000. I'd love to see an obvious pullback, but I have a feeling the lids going to come off on the miners out of the blue. Don't want to be sitting on the beach when that happens. I can handle downside.



I am on the opposite side of that view. Even with 45 & 1500 being broken today, only a few of the miners showed any spectacular gains. SLW is down in the afterhours. Seems more of a portend of things to me.


That 20% is my hedge against chomping at the bit too hard if miners start to come to life, lol. I've held through virtually every correction in the last 10 years, so it would stand to reason that now that I am out 80%, it'll skyrocket. ;D You've been forwarned, hahaha.

[Sparky]

I dipped into some Rubicon and GPR over the last 2 days. I'm 80% cash, and now 20% in on my paper. I've already taken 30% profit off the table in my paper acct, and was 100% cash, but I think I wanna have a foot in the water here. These miners seem like coiled springs. Stocks still sitting at values they were when silver was 20 and gold 1000. I'd love to see an obvious pullback, but I have a feeling the lids going to come off on the miners out of the blue. Don't want to be sitting on the beach when that happens. I can handle downside.



I am on the opposite side of that view. Even with 45 & 1500 being broken today, only a few of the miners showed any spectacular gains. SLW is down in the afterhours. Seems more of a portend of things to me.


LOL, a trader on each side! That's what makes a market!

[MAGNES]

http://i56.tinypic.com/szc3u9.gif

Tops don't look like this, this thing is going much higher.

[MAGNES]

some calls I made with charts, we are here, for many of same reasons looks like we going higher

1590 coming, charts and seasonal forces say so, inter day charts too.

Watch gold.

http://gold-silver.us/forum/general-discussion/ok-silver-seers-show-us-the-future-biatchez!!-)/



Gave it already in others threads.

GC looks like it is going to pop on interday charts, short term 1490,
1460 is 3 day 50% consolidation that was a pop from key R at 1430.
There was a clear nice black candle breaking resistance and wedge formed.

SI is going to land somewhere, watching gold is key to calls.

Looks like new highs will be made this peak seasonal period, april, may.



Gaillo, you are going out on a limb, a high in SI for April or May. 8)

Watch gold, it is basing at key resistance, no clear breakout and keeps
coming back to that range even after getting hit, 1425, where SI lands will
be interesting. $40 is only 10 % away roughly, percentage wise easy to reach, and psychological.
Seasonal forces have not even played out, another war,
nuclear meltdown, AIPAC is meeting in May too,
rachet up the war mongering in the media, etc, very interesting times.




Gaillo had a dream, SI is much stronger than GC. WOW !

We just had a breakout on GC clearly breaking 1425,
and SI is sitting cents away from $40 .

GC 1460 SI 39.60

GC is just getting started on it's run, SI is stronger.

What's the next dream ?

I had a dream too, nice black candle, the la la land of technicals.
http://gold-silver.us/forum/general-discussion/38-24257/msg208889/#msg208889




Self updating chart first posted at 1425, day before pop.
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p42106480801&r=6799

[bellevuebully]

I dipped into some Rubicon and GPR over the last 2 days. I'm 80% cash, and now 20% in on my paper. I've already taken 30% profit off the table in my paper acct, and was 100% cash, but I think I wanna have a foot in the water here. These miners seem like coiled springs. Stocks still sitting at values they were when silver was 20 and gold 1000. I'd love to see an obvious pullback, but I have a feeling the lids going to come off on the miners out of the blue. Don't want to be sitting on the beach when that happens. I can handle downside.



I am on the opposite side of that view. Even with 45 & 1500 being broken today, only a few of the miners showed any spectacular gains. SLW is down in the afterhours. Seems more of a portend of things to me.


LOL, a trader on each side! That's what makes a market!


Hahaha. Good catch.

After 10 years playing silver, I can say with absolute certainty and a straight face......it's either going up or down....bet on it! ;D

Like I said earlier, I have been pretty much 100% in since this thing started, with a few exceptions and I do agree with what the Puplavas and Morgans were touting a decade ago......be in, buy the dips and accumulate and you will win. Exiting on tops and buying lows is a brutal game. Once I'm back into this market fully committed, I'm not sure I will attempt exiting in any large %age again. 40 max. I have a feeling once this thing gets going, you'll need a neckbrace on.

Best wishes all.

[PatColo]

friend emailed me a couple days ago,


Subject: $1500 gold ranks mention on CBS evening news

(Fukushima doesn't, of course)

But anyway it was a two or three minute piece about how people are selling their jewelry now to pay bills, because the price of gold has risen so much--above $1500

The announcer cautioned at the end of the story: "Remember that a high gold price means a weak American economy, so when gold declines in price again, it will benefit just about everybody, and that's no bullion."

I kid you not. Those were almost his exact words.
:oo-->


ETA: vid inside: http://www.cbsnews.com/video/watch/?id=7363577n&tag=related;photovideo

[Trinity]

Peak seasonal is here, maybe another month, we see.
Yes I agree with you on this MAGNES. I expect masive movements also. Heart attack stuff.


The "heart attack" or wild swings part of the secular bull market in metals has commenced. Over a 4 dollar swing in Silver today.

[MAGNES]

Peak seasonal is here, maybe another month, we see.
Yes I agree with you on this MAGNES. I expect masive movements also. Heart attack stuff.


The "heart attack" or wild swings part of the secular bull market in metals has commenced. Over a 4 dollar swing in Silver today.


Bumping good thread.

1500 Gold is more significant than what SI is doing, SI is following GC.

SI is much more volatile, reminds me of the past, last nights SI move was incredible pop.

Big volume numbers traded, 33 K vs 45 K OI front month, next month 16 K vs 40 K OI.
That was just late last night. NY Globex.

GC barely moved, vs 1500 price, if 1500 holds short term that is key, SI is gonna blow past 50.

They ain't sitting on it at all, no overnight drops, GC moves sideways, SI moves $2, we saw
that a few times recently.

High 1500's coming. If 1500 breaks convincingly down, 1400 wall is much harder. May is here.
They will wait for drop if they want to attack down, right now they are not doing that.

1 SI is riding high, somehow they are long and it ain't showing up in COT. Huge SLV volume.

2 They own/control mines, they can sell short other ways, even pass on losses, I am just guessing
here but we know they are very corrupt and the truth if it comes out will come out much later.

Edit , add, my point above, 1, 2, they can play this through various means without trading in the pits.
The trading controls the price, they write other contracts based on their rigging.

We got an AIPAC meeting 3rd week of May, war drums, beating, oil will peak then IMO.
We have seen this many times. It's going to drive GC. Bad news on the treasury front
too. China announcement, Pimco, big money is waiting for a shoe to drop.

Watch GC for signals, pull the trigger on SI. Old strategy.

[Trinity]

Yes I am in the camp where we peak around mid May MAGNES. Where I differ with other posters looking for a peak then is that I do not expect a big downturn in the metals over the summer. But more of a flatline to slightly down. By the way when metals were up big last night so was the Chinese Yuan. Then the Yuan reversed and ended weaker verses the dollar. A very big swing also. I say watch the Yuan for clues on the metals. JMHO

[MAGNES]

Yes I am in the camp where we peak around mid May MAGNES. Where I differ with other posters looking for a peak then is that I do not expect a big downturn in the metals over the summer. But more of a flatline to slightly down. By the way when metals were up big last night so was the Chinese Yuan. Then the Yuan reversed and ended weaker verses the dollar. A very big swing also. I say watch the Yuan for clues on the metals. JMHO


Tonight is key, watch gold overnight. Even if it busts down, $1400 is only 6 % away, lol .
SI will drop to $35. They ain't hitting it overnight though, like they did other years,
I thought strongly they would fight $50 SI for psychological reasons and the fact it is
old high not broken, then again not breaking it stands out like a sore thumb, GC double
it's old historical high. I am not playing this, if first week of June we will see where we are.

[Sparky]

... and the fact it is old high not broken, then again not breaking it stands out like a sore thumb...


This is why I think it will probably break through within a week. However...

If it does NOT break through $50, then a big correction would be a gift to gold and silver bugs. We approached the all-time high today with massive volume on the SLV. If the price breaks down from here, there will eventually be a return to smash through convincingly, though timing is very uncertain. Sub-$35 silver and sub-$1400 gold would be the next opportunity to move a big pile of chips onto the table, knowing that a re-test of $50 is inevitable, and a breakthrough is very likely.

[osoab]

... and the fact it is old high not broken, then again not breaking it stands out like a sore thumb...


This is why I think it will probably break through within a week. However...

If it does NOT break through $50, then a big correction would be a gift to gold and silver bugs. We approached the all-time high today with massive volume on the SLV. If the price breaks down from here, there will eventually be a return to smash through convincingly, though timing is very uncertain. Sub-$35 silver and sub-$1400 gold would be the next opportunity to move a big pile of chips onto the table, knowing that a re-test of $50 is inevitable, and a breakthrough is very likely.


Were they saying that in 1980? Just saying.

I thought we broke the high on the overnight. I know it was not NY or London close, but a new nominal high none the less.

[MAGNES]

I thought we broke the high on the overnight.


Sunday Night late looks like a blow off top, on it's own, GC didn't really move much.

Huge volumes and 49.85 top on a superspike parabolic, blowoff interday tops and bottoms.

Right now GC is being taken down overnight, watching early morning what they do in
London is key.

1500 is key to hold short term. 1495 drop of 15 overnight, not a big deal so far.

[osoab]

I thought we broke the high on the overnight.


Sunday Night late looks like a blow off top, on it's own, GC didn't really move much.

Huge volumes and 49.85 top on a superspike parabolic, blowoff interday tops and bottoms.

Right now GC is being taken down overnight, watching early morning what they do in
London is key.

1500 is key to hold short term. 1495 drop of 15 overnight, not a big deal so far.


I am in the camp that all action as of now is due to positioning on Bennie's speech tomorrow along with expirations.

This is an historic speech by the FED ya know. :oo-->

[osoab]

Dang it MANES, you deleted your last post with this link.

http://news.xinhuanet.com/english2010/china/2011-04/23/c_13842843.htm

I have been wondering about this story. Was this more of a way for China to talk their book and unload/profit on the movement this announcement would make?

The movement tonight seems odd. Every time I keep looking back to the top ticker Ag is up or down about 40 cents.

[MAGNES]

Dang it MANES, you deleted your last post with this link.

http://news.xinhuanet.com/english2010/china/2011-04/23/c_13842843.htm

I have been wondering about this story. Was this more of a way for China to talk their book and unload/profit on the movement this announcement would make?

The movement tonight seems odd. Every time I keep looking back to the top ticker Ag is up or down about 40 cents.


Sorry, I deleted it because I am just repeating what I already said for the most part,
removed 2 other ones too, it really is as simple as watching gold and key numbers.

I mentioned Pimco, China, Fed, so something is happening yes, GC 1500 told us
this, same thing all these years, you right about the Fed, gold rising after Fed
announcement is like slap in the face, lol, but you got to wonder why they let
it go to where we are. Options Ex, they let it ride up, a tick down won't help them.