Gold blew through $1520, bye bye correction, eh?

[Large Sarge]

wow.

Gold is really moving

[ArgenteumTelum]

It passed another of Mr. Sinclair's angels, which was the 1521 mark.

[keehah]

http://1.bp.blogspot.com/_vcA5QunW1og/TOkggF6dFqI/AAAAAAAANjM/wnebKYQ2MKA/s1600/gold_angel.jpg

Only two bars are conspiring. Seems like getting to $1521 means an immediate rise to $1600!

[Plastic]

Silver up two bones as well, HOOWAH! the correction (up) continues.

Stand by to deliver that TP. :D

[Large Sarge]

$1527 as I type

if we get to $1535+ then $50 silver is here IMO

this is quite a move

[StreetsOfGold]

It's no longer; Bernake speaks = Gold rises

It's; Bernake is PLANNING to speak = Gold rises

[Uncle Salty]

The manipulation is so obvious. Options expiration smack down, then a day later they go back up.

[mick silver]

a great day to own both silver an gold . we are just starting to see better days for the ones holding gold an silver

[Ponce]

Like I said before........ "Once the people takes over the market the coat and ties will not ba able to control it anymore, I expect the people from India and Russia to do this because the American people are broke and will not be able to do it".

[gunDriller]

It passed another of Mr. Sinclair's angels, which was the 1521 mark.


1521 = 39 x 39.

so i guess his next stop is $1600, 40 x 40.

[Large Sarge]

I have been wanting to start a thread/poll for the final GSR ratio for this bull market

but I cannot find the "start a poll" (even under additional features)

Hmm....

so anyway 1981

$851 for gold
$50 for silver

GSR 17 to 1


I am going to say we get under 10 for the GSR this time

Gold $7000 - $10,000
Silver ?

My new targets have $1,000 silver as "doable"

GSR of 9 to 1 & Gold at $7000 = $777 for silver

I think we might even get near GSR 5 to 1

[Trinity]

You are so much more bullish than me Sarge. My top numbers are $3,200 Gold and $160 Silver. Ratio of 20.

[Large Sarge]

You are so much more bullish than me Sarge. My top numbers are $3,200 Gold and $160 Silver. Ratio of 20.


we are going single digits on silver this time

I have no idea how high gold goes

John Williams says $7,000 minimum

Sinclair is quoted here as saying $20,000 an ounce

http://www.gold-eagle.com/editorials_08/western102609.html

Jim Sinclair is on record predicting a price twice as lofty at $20,000 per ounce. Since Jim is on record as predicting the previous golden bull would reach $900 years before the actual $875 high, one may want to pay close attention to his current forecast. It's also said that Mr. Sinclair's firm was the seller at the last top.

for the record, Sinclair (seligman), called the top almost to the dollar last time around....

so even "20 to 1" at $20,000 an ounce for gold = $1,000 silver

I think single digits for silver are coming for the GSR