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 Replies: 37 / Views: 6,556 |
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Pillar of the Community
United States
586 Posts |
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Pillar of the Community
 United States
586 Posts |
This is a weekly chart on GLD (most popular gold ETF). We are probably reaching another top around 1,200 within next week. I am pretty sure CNBC and all other MSM will broadcast the news; "Gold tops 1,200!"
Truth is, Banksters have been quietly piling up gold short contracts in the past weeks; gold futures report shows their short/long ratio is 1.6 now. Another smackdown is expected.
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Pillar of the Community
Canada
3692 Posts |
Are you going to mention a strong US dollar? Here in Canada the price has fluctuated quite a bit day to day, generally down but there are days that I go whoa it's shooting up today! In any case, you don't lose gold if the price goes up OR down. Only sellers lose because they play a numerological game using paper money. That said, people should rethink why they own physical gold at all.
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Pillar of the Community
United States
586 Posts |
This chart is for US buyers only.
According to my projected path, the best time to buy gold is March or April of 2016.
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Pillar of the Community
United States
586 Posts |
Gold 1177 now, it's getting there. My guess is Au1200/Ag17 will be the top.  |
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Pillar of the Community
United States
586 Posts |
Weekly Commitment of Traders Report on Gold: Commercial Traders/Banksters reduced long contracts by 4,182 and increased short contracts by 25,843 massively. This gives a total position short/long ratio of over 1.8; which is a red alert level. Silver is even worse; Commercial Traders/Banksters have a total position short/long ratio of over 2.3. That is a massive short buildup. Smackdown scheduled. |
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Pillar of the Community
United States
7390 Posts |
Unless Putin thow's a monkey wrench into the works Edited by Cascade
10/16/2015 4:45 pm
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Pillar of the Community
United States
931 Posts |
I'm planning on selling around 2020. All of mine is physical, and the shortsters don't make me lose any sleep. I bought my gold at $280 though.
If I were sitting on paper gold, I would have bailed long ago considering the crooks and naked shorts. My gold (and I have quite a bit, will probably end up going into a trust for my Brother's girls with a locked in price stipulation, so that they can't sell until it reaches a price that I determine when I set up the trust. Otherwise they would be likely to listen to the bears and sell out at a price well below the likely level that it will reach when the dollar does its inevitable death dance, dollar action that chart readers don't believe will ever occur, but rational people who have seen what happened to the value of theh dollar since Nixon signed its death warrant.
Edited by junior e
10/17/2015 12:34 am
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Pillar of the Community
United States
931 Posts |
It will be interesting to see how correct and accurate your prediction will turn out to be. I would think that anyone who can predict what's going to happen by looking at a chart should be a billionaire. If You are correct, and accurate in Your prediction, I may start playing with some of that worthless paper gold and silver. The thing that bothers me is that the Comex is such a farce, people should already be in jail for filing artificial and false claims of how much gold they are holding. They should never be allowed to control the price unless they actually have some skin in the game. The reason that they aren't pursued by the law is because artificially killing the price of metal aids The Fed in their crooked endeavors. As long as The Fed comes out better, the crooks who play with the market through naked shorts will not be made to account for their illegal market plays.
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Pillar of the Community
Canada
2019 Posts |
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Pillar of the Community
United States
931 Posts |
That's funny! One good thing that may come out of Nixon's trip to China is China's ability and intent to open a totally new Gold Market with Russia. For some reason I think that there are a lot more crooks in London and New York, because if You're a crook in China, they KILL you. I think that in five years, or however long it's going to take Russia and China to set up the new marker, there will actually be a market that doesn't have crooks working behind the scenes. I'm sure that sooner or later someone will figure out a way to artificially control that one too though. Human nature always raises its ugly head sooner or later.
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Pillar of the Community
United States
586 Posts |
What a powerful smackdown, gold @1165 now No head fake? I am surprised. |
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Pillar of the Community
United States
586 Posts |
Today's weekly futures report showed, Commercial Traders increased their short position by a whopping 35,530 contracts.
In summary, Banksters are mad; I believe another smackdown is scheduled.
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Valued Member
China
171 Posts |
"if You're a crook in China, they KILL you."
Everyone in business or politics here is a crook. If you're a crook and on the wrong political faction, then they'll kill you. Other than that, cheat away.
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Pillar of the Community
United States
931 Posts |
I heard this week that if You SHORT precious metals in China they will HANG YOU! That is the first smart thing that I've heard come out of China in a long time!
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Pillar of the Community
United States
586 Posts |
@junior e, That would be another 100% reliable indicator for precious metal prices; and the direction is DOWN. Thanksgiving might be a good time to look for some silver coin specials. Edited by leon1998
10/24/2015 09:02 am
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Replies: 37 / Views: 6,556 |
Posted 10/12/2015 10:03 am
