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

thats true

i dont look to gold and silver for investment generally
just as insurance against inflation.

the recent highs pretty much put an end to my buying

beans,bullets and bandaids dont ya know

the important stuff

Gold looks to be in a falling wedge pattern which to me seems extremely bullish. Sure doesnt look like its going to break down to me. Wouldnt in be something if that Polny guy is correct and gold breaks up out of that wedge like a bat out of hell?

Gold price is near tipping point for mine.

If price keeps going lower there will be closures in gold mines throughout the world.

Any gold bugs left? I've been waiting in the wings for what seems like forever - waiting for this bear market in gold to get over and done with. With todays sell off we might be close to seeing new lows in gold.

Dont get me wrong, Im still looking for very high gold prices in the years to come but I still think we're going to see $1000 gold give or take 10%. $15 silver give or take 10%. I repeat, we have NEVER back tested the $1000 level in gold - yet.

There is an uncanny resemblance to the recent trade range in gold to the previous one. Broken link below.



finviz.com/futures_charts.ashx?t=GC&p=w1


Notice the $200 trade range between $1600 and $1800 lasted for more than a year before we got the washout. The current range of $1200 to $1400 is almost an exact copy for time and price range and with the breakdown today we should plunge once we break $1200 again. It would seem $1180 is as important now as $1530 was in the last flush.

If the current pattern holds, the final lows in gold wont come until later this year or very early next year.

Incidentally, Martin Armstrong has said Jan 2015 is an important turning point for gold and that gold would rally strongly after his next ECM change Oct 1st, 2015. In another writing he also said a low in gold in 2015/2016 would be perfect for a blistering rally in gold thereafter that takes it to new highs in 2017/2018.

Just touching base with any gold bugs that might be left. Hang in there. Our time is coming but patience is still required. Probably better to hold GLL or DUST for the time being. A monster trade in NUGT and JNUG is probably not too far off.

Scenario: T-Bill Rates go over 4 no takers, Dollar falls down the well the oil well where trades in $ are no longer excepted. Gold Paper holders freak and try to cash their paper in for physical gold. Brokers try to obtain physical gold but the price sores vertically and instead of honoring the paper they run for the hills, or jump out the window! Hold ur physical gold for that day and buy low cause this currency is going down the tubes!

I suspect this is why "They" have been manipulating the market for so long. Wreck the PM mining industry, then swoop in and buy the choice assets for pennies on the dollah!

Keep a-stackin' bro!

Being honest in this psychopathic world is tough duty.



Didn't Goldman Sachs, the chief counterfeiters, say 1050 by the end of the year? With the criminals in Wash DC and the Media running cover for them the Money Manglers can do whatever they want until they get their Black Swan.



Just have to ride it out

Seriously ?

I am thinking that the 1 % of the brics floating the price of precious metals to the point of allowing millions of their slaves to the do the happy dance.

As in eat a dick eat a dick eat a motherfucking dick I am a milllionaire in a country where an upscale middle class lifestyle costs about 10 grand a year.

Somehow I don't see that happening

FFS, do any of you REALLY think the PTB have any intent that anyone in the general public should be allowed to escape their clutches by riding the gold price up up and away?

They have no intent on letting any of you get away.

They believe in their cold little hearts that your gold that you bought from them is still theirs and they have no intent to leave you to profit from it.

By any estimate in real life in times of massive stress and turmoil, not to mention real significant inflation gold should be sky high, but that would allow you potential financial independence which they cannot and will not ever allow for any length of time, and as time gets short they have to create a condition where they profit and the public falls further and further into unpayable debt to them.

computers!

Computers are a depreciating asset, and becoming cheaper to product over time as technology and manufacturing improve (like the auto industry used to do until unions started driving up labor and pensions ;) ).

The strong dollar is, to a great degree, a function of the US sanctions.
Europe is going to suffer a lot more which makes the dollar a safer bet.
Agree?

Watch for the dollar to get to 86 cents. There is going to be a global currency reset. When the dollar gets high enough, the reset will happen....then PMs will soar.

They want the dollar high so that we can exchange our fiat currency at a rate of 1 to 1 for the new gold and asset backed currency

Classic gold bug logic: KEEP HOLDING ON ITLL GO UP...EVENTUALLY. Thats what they said from the 1980s onwards...where they lost everything for believing in that crap.