Sparky (24th August 2012)
the Cartel worked very hard to push silver into the $27's and gold below $1600.
looks like they've been resting recently.
next week is options expiry.
i think they'll make another push, and try to get gold down to $1620 and silver back to the $28's.
Retired Director Morris Waxler says the FDA did not do their job for 15 years - and is not now.
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Sparky (1st September 2012)
It seems to me that gold is like a loaded spring. As it ascends, a cascade of stops get triggered, automatically closing out shorts and driving the price even higher. If I were an institutional investor, sitting on bonds yielding nothing and stocks looking toppy, and 20-30% underfunded, I'd be looking at gold real hard right about now and asking myself "do I really want to risk missing this gold bull run? And what if my competitors jump on board and I don't." Obviously, being a gold bug I am prejudicial for gold. But, if gold continues to climb next week and breachs 1700, then I think the institutional managers are going to start buying gold. If that happens, gold will move to $2000 and beyond within weeks.
Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon
gold will absolutely be $2,000 by year's end. wish i had some
Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon
Looking at the Chart, above it looks like we will encounter some resistance at around $1760, and then later around $ 1800, on the move up to $1920 and beyond... But so far almost a perfect parabolic rise since May this year!