Gold Chart Update & Louise Yamada on KWN

[gamimenaki]

Silver will hit 20 dollar per ounce

[cpswyl2]

Thanks for the louise yamada reference john. I'd never heard of her. Listened to the Kingsnews interview. Very interesting.

cheers

[Brainman94]

Is it just me or has YouTube gone and fucked up again with this stupid friggen default setting of hidden comments that you need to deactivate every single time you view a new video - jesus they give me the shits with this constant meddling. Do they comprehend "Leave well enough alone?"

[GuildF40]

We also think gold could still make some quick repairs here, especially if the news that Russia is scrapping its planned gold sales for 2009 due to the very news being leaked, is seen as another opportunity to pump up the metal by momentum funds. Guess Russia will just have to surprise the markets when that 'magic' level is once again reached - in its calculations.

[joshrain1]

when does this option expiry end? and when is the treasury auction and when does this month end. ( is it 30 year or short term?, i heard they are planning to raise around $123b

[abdighazi]

dont believe the dirt bag brokers, "A strong rebound in the dollar is spooking sentiment for gold and other commodities, said Kim Jae Jun, a trader with Eugene Investment & Futures Co. in Seoul. A correction in the gold market has been overdue anyway and may deepen should the dollar bounce strongly."

[RSCII]

i know i know.. off topic.. but the i love the accent... dreamy Aussie + great info...

[1TheTruthChannel1]

Thanks for the info.

[SamuraiCommando]

Whoa silver just bounced off 17.00

[maybecominsoon]

What's up with a new "Silver update"? Silver got CRUSHED today... whats up with that?

[formulaprimer]

things don't always go up. Things go up and down. All that matters is what the price is at the beginning of the year and what it ends at end of the year. Silver is up almost 80% since march so think it is doing very well. I'm waiting for a big pull back in prices.

[kbdory]

Do anyone know when the options expire?

[StevenM818]

10/27/09 I believe?

[stellaconcepts]

at the close of the comex session - tues.

[medini2]

has anyone heard of a so-called 29 year cycle for gold.. and it being at the end of the cycle? a newbie here, but i was warned not to invest in gold.

[stellaconcepts]

nope.

[BeenInACaveWayToLong]

1:30 EST.

Silver bounced off of 17 USD

Gold almost hit 1040 USD

[formulaprimer]

We are already at the China Put level today at

around 1043 already. See if goes back down to original put level around 985 or just gap fill around the 1017 level.

[formulaprimer]

It is basically a financial revolution which is done in the economic level. The modern revolution is the battle between fiat money and sound money and US is fiat money and China and other creditor nations are backing themselves with gold which has been real only for thousands of years.

[nathanblogs]

I really need to do more research on buying some silver (I live in perth, close to the mint aswell ), however I doubt I will be in a position to get it by Tuesday :(.

[charlesfuchs]

Great Tip

[CASTILLOM1]

Hey Vinny youre right, the stock market is rigged thats why its acting so irrational. Who in the world could have predicted a 50% rise in the dow jones over the last year?? Damn bankers, lets hang them all!!

[vinny1010]

I don't know why you're doing Technical Analysis on a market that is rigged and suppressed DAILY. It's pointless but that's just my opinion

[skybirdbird]

On its way up this am.......but we know how that can change.........tkx for the post....

[Michael7893]

Also it may correct big time if Bernake finally raises interest rates.  So will the stock market. The bull rally will definately go bear when the fed starts raising interest rates. Just my opinion.

[CoinsFreedom]

We will see how the "Beijing Put" handles this week.

[GuildF40]

Just being clever ✔

comment✔

Rated✔

Comedy✔

Coffee✔

After pull back Gold➚

After pull back Silver➚

Coffee folks ☺

[CosmicDramaQueen]

I agree with you...Gold will have to ultimately move higher as the Dollar declines, primarily because the SPOT price of Gold is shown in US dollars, therefore the relationship is indirect, as the dollar declines, Gold will increase proportionally...even with various manipulations from the IMF.

[CASTILLOM1]

I wish I could agree with you sir, im hearing whispers of a massive gold "sell-off" by both the evil organizations of IMF and World Bank of close to 1000 tons. Would make gold/silver plummet, a great buying opportunity but the metals are getting harder and harder to find.

[bluecat1122]

awsome, let China buy it up :)

[CosmicDramaQueen]

There will be massive sell offs and "In" selling that will surely effect pricing in the short term and PMs could drop drastically, but ultimately they will out survive US dollars, Euros, Yen and others!

[CASTILLOM1]

Very true, well said sir. Im interested in the short term as well as long. Was hoping my metals would provide immediate results and they have just not to the levels I had hoped. Goddamn IMF and World Bank. Why dont terrorists target those organizations I wonder??

[CosmicDramaQueen]

Nope! Because THEY are the terrorists:( We are Winning this Game:):):)

[TheLiddlekiddle]

the IMF is always claiming they are going to sell off massive amounts, but they never do.

[CASTILLOM1]

I know they never actually sell their gold but it serves their purpose by dropping spot price and then secretly buying it all up.

[hnsbro]

The IMF regularly comes out and says it will sell gold - and then doesnt do it. Also keep in mind that China announced recently it would buy much of the IMF gold if they choose to sell.

[GuildF40]

I read the gold sell off by Russia is not a done and dusted deal...........

Buckle up :o)

[formulaprimer]

I trade like Yamada. I use secular analysis and pure technical because it is simple math A=B A = Fundamental B=Price

Fundamental = Price basically Fundamentals dictates price then by math Price = Fundamental and all technical analysis is a simple math equation and which direction you look at it. I'm waiting to buy gold and silver a big pull back on a gap fill around 1017US gold composite chart.

[bluecat1122]

Another bullish thing about the chart is it's moved into it's fast line and is now sitting directly on it (the moving average). In day trading, that's one of the indicators we look at to go long a stock (of course, this isn't an intraday chart, it's still bullish imo).

[psbyowner]

great job thanks

[formulaprimer]

if it goes down to 16 area then it is going to around 15 for sure.

[THESHADOWATCHER]

Hey John same question do you think silver will pull back and at what price . Should i wait to place a silver order

[stellaconcepts]

i wouldnt wait too long - maybe till after the options expire - like tues /wed - jump in

[Swifive]

I jumped in a decent amount on saturday. (physical of course)

I just worry that one morning when I have a few bucks, there will be "none available". I just buy when I scrape up a few ounces worth of green paper. I remember when things took off 30 years ago. It was like lightning striking!!

Great graph and illustration of the manipulation.

[cpgone]

Agree, we will pull back to 1025-ish.

But where do you see silver.? 16.50?

Great vids. thanks

[stellaconcepts]

silver has strong support at 16 - 16.20 - but i dont think it will get that low to be honest....

[cpgone]

YOu were/are right my Aussie friend.

Glad I bought more.

:)

Thank you for the Videos

[fal2grace]

thanks john!

[armindee]

Dollar going down against swedish kronor and gold staying at same 1040-1060dollar/oz range? Shouldent gold go up? Oil does. Gas has gone up 8 cents since 20oktober.

[stellaconcepts]

gold is the most manipulated market in the world.

[slobomotion]

Unparalleled dearth? It IS hard to spell, isn't it? :) A dearth is a lack of something, however. Good luck with the coins. Gold has been a good long-term investment for me since the early 1980s.

[ShaneChiswick]

I am rating 5 stars for your unrivalled comedic talent as instructed.

[scutter4christ]

Thanks John. As always, you are very much appreciated and we thank you for taking the time to make these videos!

[Decebal825]

what do you use to trade? it's some software or what site?

[BackBurnerNews]

Thanks dude it would be great if you did more vids for us newbies in the trading world on topics like when you are going long on gold and when your out of the trade as you will be for this week. Just a thought.

Thanks for the update mate!

[stellaconcepts]

i can be in and out of trades many times a day - so its hard to update you every time things change - just try to give the overall picture... i should do more... but its not really a traders channel...

[AfterTheFox75]

If you're into daytrading, Don Harrold seems to be the man to go to on YT. I've pretty much heard nothing but positive reviews of his services and he seems to be a very honest person.

Good luck!

[bjmccullough]

hi john,

i listened to it saturday morning...it was a great interview. she might be one of the best chartists alive. i also feel she is a person of great integrity. thanks john and thanks Ms yamada.

bruce, tokyo