Godlike Productions - Discussion Forum
Users Online Now: 1,117 (Who's On?)Visitors Today: 105,725
Pageviews Today: 278,625Threads Today: 159Posts Today: 2,829
06:23 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???

 
Anonymous Coward
User ID: 62137145
United States
09/30/2014 07:03 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
The money masters are smacking gold hard again this morning!

BASTARDS!
Punk-A$$ets  (OP)

User ID: 30559668
United States
09/30/2014 07:07 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
I highly suggest people read this so they can see just how far the dollar can rise here. Im just a student to this guy but it appears from my back tracking of his forecast that he's no less than genius...

[link to armstrongeconomics.com]
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Antipodean

User ID: 15876149
Australia
09/30/2014 07:45 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Hey.

I just found this thread but geez I wish I stumbled upon it months ago!
I just read all your posts, and you've been pretty bang on.

I've been buying PM for the past few years and have a decent average but I've also been playing etfs and have been burnt hard.

Do you run a subscription newsletter or anything?

Do you still have your hedge shorts in place? Still picking $15-16 low for silver?
Punk-A$$ets  (OP)

User ID: 30559668
United States
09/30/2014 07:56 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Hey.

I just found this thread but geez I wish I stumbled upon it months ago!
I just read all your posts, and you've been pretty bang on.

I've been buying PM for the past few years and have a decent average but I've also been playing etfs and have been burnt hard.

Do you run a subscription newsletter or anything?

Do you still have your hedge shorts in place? Still picking $15-16 low for silver?
 Quoting: Antipodean


No, I dont run any newsletter. I dont have that kind of knowledge. Id recommend staying away from the top 10 leading metals sites and that will get you started. Read some Martin Armstrong. What he says makes sense and there are no made up boogymen.

I closed all positions some time ago and had a nice net profit. The only position I have running currently is a small long position in the juniors but I could get stopped out for a small loss today. Ike Iossif said it wasnt quite time to go long on a bounce and I should have listed to him. lol

As far as the silver price, I think 14ish should contain the drop but if the dollar index more than doubles from here its probably not even worth guessing targets. What kind of world will we have with a USDX above 160??? That seems like great depression territory to me. ?????

Last Edited by Punk-A$$ets on 09/30/2014 08:04 AM
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Antipodean

User ID: 15876149
Australia
09/30/2014 08:01 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Hey.

I just found this thread but geez I wish I stumbled upon it months ago!
I just read all your posts, and you've been pretty bang on.

I've been buying PM for the past few years and have a decent average but I've also been playing etfs and have been burnt hard.

Do you run a subscription newsletter or anything?

Do you still have your hedge shorts in place? Still picking $15-16 low for silver?
 Quoting: Antipodean


No, I dont run any newsletter. I dont have that kind of knowledge. Id recommend staying away from the top 10 leading metals sites and that will get you started. Read some Martin Armstrong. What he says makes sense and there are no made up boogymen.

I closed all positions some time ago and had a nice net profit. The only position I have running currently is a small long position in the juniors but I could get stopped out for a small loss today. Ike Iossif said it wasnt quite time to go long on a bounce and I should have listed to him. lol
 Quoting: Punk-A$$ets


Awesome thanks.

I'll get reading right away!

I've added this post to my favourites so I'll be watching it closely.

If gold breaks $1180 then do you expect the flood gates to open down to $1100 or beyond. I'm sure a break of $1180 would scare the shit out of a lot of gold bugs!
Punk-A$$ets  (OP)

User ID: 30559668
United States
09/30/2014 08:06 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Hey.

I just found this thread but geez I wish I stumbled upon it months ago!
I just read all your posts, and you've been pretty bang on.

I've been buying PM for the past few years and have a decent average but I've also been playing etfs and have been burnt hard.

Do you run a subscription newsletter or anything?

Do you still have your hedge shorts in place? Still picking $15-16 low for silver?
 Quoting: Antipodean


No, I dont run any newsletter. I dont have that kind of knowledge. Id recommend staying away from the top 10 leading metals sites and that will get you started. Read some Martin Armstrong. What he says makes sense and there are no made up boogymen.

I closed all positions some time ago and had a nice net profit. The only position I have running currently is a small long position in the juniors but I could get stopped out for a small loss today. Ike Iossif said it wasnt quite time to go long on a bounce and I should have listed to him. lol
 Quoting: Punk-A$$ets


Awesome thanks.

I'll get reading right away!

I've added this post to my favourites so I'll be watching it closely.

If gold breaks $1180 then do you expect the flood gates to open down to $1100 or beyond. I'm sure a break of $1180 would scare the shit out of a lot of gold bugs!
 Quoting: Antipodean

Well, I thought we'd be there already but gold is still hanging tough. I really dont know. I still think we can bounce soon.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Antipodean

User ID: 15876149
Australia
09/30/2014 08:15 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Hey.

I just found this thread but geez I wish I stumbled upon it months ago!
I just read all your posts, and you've been pretty bang on.

I've been buying PM for the past few years and have a decent average but I've also been playing etfs and have been burnt hard.

Do you run a subscription newsletter or anything?

Do you still have your hedge shorts in place? Still picking $15-16 low for silver?
 Quoting: Antipodean


No, I dont run any newsletter. I dont have that kind of knowledge. Id recommend staying away from the top 10 leading metals sites and that will get you started. Read some Martin Armstrong. What he says makes sense and there are no made up boogymen.

I closed all positions some time ago and had a nice net profit. The only position I have running currently is a small long position in the juniors but I could get stopped out for a small loss today. Ike Iossif said it wasnt quite time to go long on a bounce and I should have listed to him. lol
 Quoting: Punk-A$$ets


Awesome thanks.

I'll get reading right away!

I've added this post to my favourites so I'll be watching it closely.

If gold breaks $1180 then do you expect the flood gates to open down to $1100 or beyond. I'm sure a break of $1180 would scare the shit out of a lot of gold bugs!
 Quoting: Antipodean

Well, I thought we'd be there already but gold is still hanging tough. I really dont know. I still think we can bounce soon.
 Quoting: Punk-A$$ets



Interesting.

But if the dollar keeps rising as it has been that's going to create more downward pressure on metals. I have a feeling we'll see one final shake out
Anonymous Coward
User ID: 15286624
United States
09/30/2014 08:21 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
...


No, I dont run any newsletter. I dont have that kind of knowledge. Id recommend staying away from the top 10 leading metals sites and that will get you started. Read some Martin Armstrong. What he says makes sense and there are no made up boogymen.

I closed all positions some time ago and had a nice net profit. The only position I have running currently is a small long position in the juniors but I could get stopped out for a small loss today. Ike Iossif said it wasnt quite time to go long on a bounce and I should have listed to him. lol
 Quoting: Punk-A$$ets


Awesome thanks.

I'll get reading right away!

I've added this post to my favourites so I'll be watching it closely.

If gold breaks $1180 then do you expect the flood gates to open down to $1100 or beyond. I'm sure a break of $1180 would scare the shit out of a lot of gold bugs!
 Quoting: Antipodean

Well, I thought we'd be there already but gold is still hanging tough. I really dont know. I still think we can bounce soon.
 Quoting: Punk-A$$ets



Interesting.

But if the dollar keeps rising as it has been that's going to create more downward pressure on metals. I have a feeling we'll see one final shake out
 Quoting: Antipodean

the problem is the dollar looses more purchasing everyday even though the fake charts say its strong ?
Anonymous Coward
User ID: 60626174
United States
09/30/2014 10:50 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Hey.

I just found this thread but geez I wish I stumbled upon it months ago!
I just read all your posts, and you've been pretty bang on.

I've been buying PM for the past few years and have a decent average but I've also been playing etfs and have been burnt hard.

Do you run a subscription newsletter or anything?

Do you still have your hedge shorts in place? Still picking $15-16 low for silver?
 Quoting: Antipodean


No, I dont run any newsletter. I dont have that kind of knowledge. Id recommend staying away from the top 10 leading metals sites and that will get you started. Read some Martin Armstrong. What he says makes sense and there are no made up boogymen.

I closed all positions some time ago and had a nice net profit. The only position I have running currently is a small long position in the juniors but I could get stopped out for a small loss today. Ike Iossif said it wasnt quite time to go long on a bounce and I should have listed to him. lol

As far as the silver price, I think 14ish should contain the drop but if the dollar index more than doubles from here its probably not even worth guessing targets. What kind of world will we have with a USDX above 160??? That seems like great depression territory to me. ?????
 Quoting: Punk-A$$ets


To me...the trading this morning at the witching hour (early morning before our markets open up) CLEARLY proves there is a boogeyman! It was down almost $14.00 in a matter of minutes. Then rebounded back up to almost no loss in a matter of a few more minutes!

This is manipulation. With the purpose of dumping paper and acquiring physical.

This all being done while we sleep! Wake up everyone. Just look at what they are doing while you're asleep! Literally

Someone is shorting paper in the after market. Now think how many contracts have to be dumped in that short amount of time to cause spot to drop $14 in minutes. Then for it to rebound as they gobble up the physical and deep discount.

That is boogeyman!

I love your posts OP and you have been dead on with so much. But I have to cordially disagree on this one point. And if you recognize the existence of the boogeyman then I'll bet you do even better trading.

Although I'm pretty sure you already do..which is why you're up and posting at the time when they always crush metals in the after market. ;-)
Punk-A$$ets  (OP)

User ID: 30559668
United States
09/30/2014 02:41 PM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Hey.

I just found this thread but geez I wish I stumbled upon it months ago!
I just read all your posts, and you've been pretty bang on.

I've been buying PM for the past few years and have a decent average but I've also been playing etfs and have been burnt hard.

Do you run a subscription newsletter or anything?

Do you still have your hedge shorts in place? Still picking $15-16 low for silver?
 Quoting: Antipodean


No, I dont run any newsletter. I dont have that kind of knowledge. Id recommend staying away from the top 10 leading metals sites and that will get you started. Read some Martin Armstrong. What he says makes sense and there are no made up boogymen.

I closed all positions some time ago and had a nice net profit. The only position I have running currently is a small long position in the juniors but I could get stopped out for a small loss today. Ike Iossif said it wasnt quite time to go long on a bounce and I should have listed to him. lol

As far as the silver price, I think 14ish should contain the drop but if the dollar index more than doubles from here its probably not even worth guessing targets. What kind of world will we have with a USDX above 160??? That seems like great depression territory to me. ?????
 Quoting: Punk-A$$ets


To me...the trading this morning at the witching hour (early morning before our markets open up) CLEARLY proves there is a boogeyman! It was down almost $14.00 in a matter of minutes. Then rebounded back up to almost no loss in a matter of a few more minutes!

This is manipulation. With the purpose of dumping paper and acquiring physical.

This all being done while we sleep! Wake up everyone. Just look at what they are doing while you're asleep! Literally

Someone is shorting paper in the after market. Now think how many contracts have to be dumped in that short amount of time to cause spot to drop $14 in minutes. Then for it to rebound as they gobble up the physical and deep discount.

That is boogeyman!

I love your posts OP and you have been dead on with so much. But I have to cordially disagree on this one point. And if you recognize the existence of the boogeyman then I'll bet you do even better trading.

Although I'm pretty sure you already do..which is why you're up and posting at the time when they always crush metals in the after market. ;-)
 Quoting: Anonymous Coward 60626174


My point is to just let it happen and dont react to it. It wont make any difference to buy and try to 'break the backs of the banks'. May as well just stick a stake in ur own heart. Thats all i am saying. Reading all the babble on the metals sites puts one in the wrong mindset. Ive been there.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
09/30/2014 02:45 PM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
According to many of these pumper dumper metal sites we'd never see silver with a $16 handle again. We'll...it just happened. Sure seems to me that if and when gold breaks lower silver could easily see the $14s at least.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
09/30/2014 02:54 PM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
...


Awesome thanks.

I'll get reading right away!

I've added this post to my favourites so I'll be watching it closely.

If gold breaks $1180 then do you expect the flood gates to open down to $1100 or beyond. I'm sure a break of $1180 would scare the shit out of a lot of gold bugs!
 Quoting: Antipodean

Well, I thought we'd be there already but gold is still hanging tough. I really dont know. I still think we can bounce soon.
 Quoting: Punk-A$$ets



Interesting.

But if the dollar keeps rising as it has been that's going to create more downward pressure on metals. I have a feeling we'll see one final shake out
 Quoting: Antipodean

the problem is the dollar looses more purchasing everyday even though the fake charts say its strong ?
 Quoting: Anonymous Coward 15286624


To a large extent the dollar loses more buying power because more of it is being sucked up by taxation and ever expanding health care costs etc. All of these costs are absorbed by the end users - in the costs that we all pay for goods and services.

But what I am talking about is the dollar index which is the dollars value weighed against other currencies.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
09/30/2014 03:37 PM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
...


No, I dont run any newsletter. I dont have that kind of knowledge. Id recommend staying away from the top 10 leading metals sites and that will get you started. Read some Martin Armstrong. What he says makes sense and there are no made up boogymen.

I closed all positions some time ago and had a nice net profit. The only position I have running currently is a small long position in the juniors but I could get stopped out for a small loss today. Ike Iossif said it wasnt quite time to go long on a bounce and I should have listed to him. lol
 Quoting: Punk-A$$ets


Awesome thanks.

I'll get reading right away!

I've added this post to my favourites so I'll be watching it closely.

If gold breaks $1180 then do you expect the flood gates to open down to $1100 or beyond. I'm sure a break of $1180 would scare the shit out of a lot of gold bugs!
 Quoting: Antipodean

Well, I thought we'd be there already but gold is still hanging tough. I really dont know. I still think we can bounce soon.
 Quoting: Punk-A$$ets



Interesting.

But if the dollar keeps rising as it has been that's going to create more downward pressure on metals. I have a feeling we'll see one final shake out
 Quoting: Antipodean


Indeed I think that. Heck, silver cant find a bottom already. It just keeps shedding big time.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
10/01/2014 08:05 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Just a quick note - the spread between platinum and gold has shrunk to $62 at the time of this post.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 50647445
United States
10/01/2014 11:03 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
tried to register...still bopped out

yesterday was really depressing

aVian
Punk-A$$ets  (OP)

User ID: 30559668
United States
10/01/2014 12:36 PM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
tried to register...still bopped out

yesterday was really depressing

aVian
 Quoting: Anonymous Coward 50647445


Hey Avian. Damn that sucks. Yes, that was one major slam down in silver. I think we're getting close to a short term bottom in metals and short term top in the dollar. If not, then shit must be getting real over in Europe. But that dollar really does seem like it wants to skyrocket. Look at the length of the rise in green.

[link to finviz.com]
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Antipodean

User ID: 60752652
Australia
10/01/2014 09:58 PM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Nice little bounce in the metals here.
Good opportunity to set up some more shorts do you think?
Punk-A$$ets  (OP)

User ID: 30559668
United States
10/02/2014 06:57 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Nice little bounce in the metals here.
Good opportunity to set up some more shorts do you think?
 Quoting: Antipodean


I think its too early to place new shorts but wtf do i know. The reason is the dollar ought to be making a short term top any fricken day. Its been up and up for nearly 3 solid months. And gold has been down down down so I wouldnt bet on more down right now.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Antipodean

User ID: 60752652
Australia
10/02/2014 07:29 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Nice little bounce in the metals here.
Good opportunity to set up some more shorts do you think?
 Quoting: Antipodean


I think its too early to place new shorts but wtf do i know. The reason is the dollar ought to be making a short term top any fricken day. Its been up and up for nearly 3 solid months. And gold has been down down down so I wouldnt bet on more down right now.
 Quoting: Punk-A$$ets


Fair enough.

So i've been reading Martin Armstrongs site as you suggested, and I need to thank for the recommendation! I'm ditching Zerohedge as my homepage and using armstrongeconomics.

I have a question though (more questions - sorry!), did you purchase his International Metals Outlook? I'm tempted to buy a copy, but at $400 I want to make sure its worth it. What are your thoughts?

Cheers
Punk-A$$ets  (OP)

User ID: 30559668
United States
10/02/2014 07:54 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Nice little bounce in the metals here.
Good opportunity to set up some more shorts do you think?
 Quoting: Antipodean


I think its too early to place new shorts but wtf do i know. The reason is the dollar ought to be making a short term top any fricken day. Its been up and up for nearly 3 solid months. And gold has been down down down so I wouldnt bet on more down right now.
 Quoting: Punk-A$$ets


Fair enough.

So i've been reading Martin Armstrongs site as you suggested, and I need to thank for the recommendation! I'm ditching Zerohedge as my homepage and using armstrongeconomics.

I have a question though (more questions - sorry!), did you purchase his International Metals Outlook? I'm tempted to buy a copy, but at $400 I want to make sure its worth it. What are your thoughts?

Cheers
 Quoting: Antipodean


IMO Zerohedge is almost all over the top hype. They pick up on some good stuff but its way too much for me to weed through.

I did buy the metals report but at least 90% of it is tech babble that Im sure is right but yet is meaningless to the average person. This is mostly because its the same stuff in a half dozen currencies. He gives the weeks for the real probable turn around in metals but I cant mention them here.

You can pretty much get the gist of what he says in his regular daily commentary if you go backward through his writings.

Basically gold has been following his economic model and hes calling for a MAJOR downturn in the economies after sept 30th 2015.

Armstrong warned goldbugs here:

[link to armstrongeconomics.com]

But just a few weeks back makes it clear for gold future:

[link to armstrongeconomics.com]
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
10/02/2014 07:57 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Just a few months after his warning on gold it dropped to his target range intraday at the $1150 area. ALMOST EVERY GOLD BUG SITE OUT THERE AT THE TIME WAS YELLING ''TO DA MOON''.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 54125841
United Kingdom
10/02/2014 07:59 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
I Think Martin Armstrong is a genius, but bear in mind he is also a convicted felon.
Punk-A$$ets  (OP)

User ID: 30559668
United States
10/02/2014 08:00 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Take a look at armstrongs economic model. Silver and gold both topped out just months from his bottom. He's basically saying they will bottom within months the top/ the turn in sept/oct 2015.

[link to armstrongeconomics.files.wordpress.com]
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
10/02/2014 08:03 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
I Think Martin Armstrong is a genius, but bear in mind he is also a convicted felon.
 Quoting: Anonymous Coward 54125841


Well, thats not entirely true. He did time because he wouldnt give up his models. Wasnt he held in contempt? I'm not entirely up on ecactly why he did time because it doesnt matter to me. The whole system is corrupt to the core. im only interested in his cyclical knowledge.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
10/02/2014 08:07 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Check out this article from Barrons. Like they say, regardless of who he is or what he may have done...

[link to online.barrons.com]
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 45874141
United States
10/02/2014 08:16 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Hey.

I just found this thread but geez I wish I stumbled upon it months ago!
I just read all your posts, and you've been pretty bang on.

I've been buying PM for the past few years and have a decent average but I've also been playing etfs and have been burnt hard.

Do you run a subscription newsletter or anything?

Do you still have your hedge shorts in place? Still picking $15-16 low for silver?
 Quoting: Antipodean


No, I dont run any newsletter. I dont have that kind of knowledge. Id recommend staying away from the top 10 leading metals sites and that will get you started. Read some Martin Armstrong. What he says makes sense and there are no made up boogymen.

I closed all positions some time ago and had a nice net profit. The only position I have running currently is a small long position in the juniors but I could get stopped out for a small loss today. Ike Iossif said it wasnt quite time to go long on a bounce and I should have listed to him. lol
 Quoting: Punk-A$$ets


Awesome thanks.

I'll get reading right away!

I've added this post to my favourites so I'll be watching it closely.

If gold breaks $1180 then do you expect the flood gates to open down to $1100 or beyond. I'm sure a break of $1180 would scare the shit out of a lot of gold bugs!
 Quoting: Antipodean


Perhaps, perhaps. However a lot of paper stops have already been triggered in the recent downturn.

My concern is the dropping price of oil. The often mentioned "all in costs" of production per oz. takes higher fuel costs per oz of extraction into account.

Oil seems to be in a deflationary spiral, either because of a slowdown of the global economy or as a conspired smackdown of WTI and Brent in order to punish Russia (lower oil prices hurts oil dependent economy).

Either way, lower fuel costs may allow the price of PMs to drop. Though in the longer run the price of oil will inevitably rise again.

FWIW
Punk-A$$ets  (OP)

User ID: 30559668
United States
10/02/2014 08:21 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Hey.

I just found this thread but geez I wish I stumbled upon it months ago!
I just read all your posts, and you've been pretty bang on.

I've been buying PM for the past few years and have a decent average but I've also been playing etfs and have been burnt hard.

Do you run a subscription newsletter or anything?

Do you still have your hedge shorts in place? Still picking $15-16 low for silver?
 Quoting: Antipodean


No, I dont run any newsletter. I dont have that kind of knowledge. Id recommend staying away from the top 10 leading metals sites and that will get you started. Read some Martin Armstrong. What he says makes sense and there are no made up boogymen.

I closed all positions some time ago and had a nice net profit. The only position I have running currently is a small long position in the juniors but I could get stopped out for a small loss today. Ike Iossif said it wasnt quite time to go long on a bounce and I should have listed to him. lol
 Quoting: Punk-A$$ets


Awesome thanks.

I'll get reading right away!

I've added this post to my favourites so I'll be watching it closely.

If gold breaks $1180 then do you expect the flood gates to open down to $1100 or beyond. I'm sure a break of $1180 would scare the shit out of a lot of gold bugs!
 Quoting: Antipodean


Perhaps, perhaps. However a lot of paper stops have already been triggered in the recent downturn.

My concern is the dropping price of oil. The often mentioned "all in costs" of production per oz. takes higher fuel costs per oz of extraction into account.

Oil seems to be in a deflationary spiral, either because of a slowdown of the global economy or as a conspired smackdown of WTI and Brent in order to punish Russia (lower oil prices hurts oil dependent economy).

Either way, lower fuel costs may allow the price of PMs to drop. Though in the longer run the price of oil will inevitably rise again.

FWIW
 Quoting: Anonymous Coward 45874141


Just remember that lower fuel costs are fantastic for miners. Thats what I am really interested in here. This could be a ginormous plus for mining shares.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
10/02/2014 08:26 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
I forgot that Mario Draghi speaks today. This could be a real turning point for the euro and gold.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
10/02/2014 11:12 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Platinum/ gold spread down to $55 now. Something happening here? Gold is gaining on commodities big time. Very interesting.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Antipodean

User ID: 60752652
Australia
10/03/2014 02:01 AM
Report Abusive Post
Report Copyright Violation
Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Take a look at armstrongs economic model. Silver and gold both topped out just months from his bottom. He's basically saying they will bottom within months the top/ the turn in sept/oct 2015.

[link to armstrongeconomics.files.wordpress.com]
 Quoting: Punk-A$$ets


You mean hes saying gold will bottom in sept/oct 2015 based on this chart (where economic confidence is at its highest... then starts its bear cycle?)





GLP