Gold Cartel Licking Wounds

[mallamoozoo]

Well october is over and nothing major happened as it was supposed to. When are we gonna get rich from silver? Im tired of waiting!

[KhmerD0g]

be patient. economic collapse is a process. it's coming. there is no way to stop it especially here in the U.S.

CIT filed for bankruptcy. it was the 4th largest company to file for bankruptcy.

[omarm1984]

Gotta like gold today. It only ended -0.6% in a day where the s&p had -3% day. With silver down almost 3% today you get an idea of where some of those gold buyers are coming from

[a8865686]

John, you might be wrong on this one. Roubini is warning of an imminent short covering rally in the dollar which may lead to a global market crash. Not saying he's always right, but the chart patterns/trading volume in silver, gold, the dollar and the stock market seem to point in one direction. I feel like a traitor, but I've just converted to being a dollar bull. The aftermath of this crash will be some wonderful buying opportunities in silver. Perhaps finally the last chance for cheap silver.

[stellaconcepts]

we'll see.. i dont agree with that theory - its a popular one - hes not the only one calling it.

time will tell... besides - another pullback - another chance to pick up cheap metals.

long term fundamentals of silver and gold only get better and better.

part of me wants him to be right. but I can't agree - any rally in the dollar will be small I think

[formulaprimer]

marc faber in less than a decade US dollar will be wall paper. I don't get caught up in all this short term nonsense. The long term we all know what is coming, Just keep buying all the gold and silver for the next decade. It will be the best retirement plan ever !!!

[formulaprimer]

Your analysis is only right if China doesn't come in to prop up the gold price. Even though gold and silver prices is the paper contracts it still has some support from the China's buying power.

[nomad74777]

Thanks for all your work on youtube. Love your videos. Check out my latest and please subscribe. Keep up the great work and keep stacking that silver.

[formulaprimer]

This is a temporary up tick in the dow. Down trend in the market is still in tacked. Gold is still headed down to 1017 or lower with the down in side in the dow.

[slobomotion]

I agree with you.

[SamuraiCommando]

According to National Geographic all the gold in the world that has ever been mined 161,000 tons would be barely enough to fill 2 olympic size swimming pools

[lizadfuel]

It's hard to tell where Gold & Silver will end up in the short term, although, I believe Gold & Silver will hold their own because the US Gov will do everything to keep Wall Street artificially inflated so the American ppl will think they still have some wealth & not all was lost in last yrs crash. If the stock market crashes again so does the ruling power of US leaders & they will do everything to stay in power. From this point of view I think Gold & Silver will continue to trend upward.

[ahmedvienna]

Hey John,

I remembered you the other day when I was in Poland. Mostly because we were travelling in a group and we went into a restaurant. It was a buffet dinner. And the stupid restaurant didn't make enough food for everyone. The reaction of the people was just astonishing. As soon as the restaurant made more food. Everyone started taking in the food in their plate more than what they needed. So my thought was, if there is a panic of silver.  The Demand will increase exponentially.

[slobomotion]

Heh heh, my French spouse and I have had to deal with German tourists in shared food situations. They always take it all for themselves and their families, leaving NOTHING for anyone else! Amazing, but we've seen this time and again.

[formulaprimer]

Agreed but there the bearish pattern in the US stock market is going to last anywhere from 6 to 8 weeks if it last longer we could retest the low of 6500 that would collapse gold and silver prices. Lets hope inflation and money printing form the fed continues to push commodity prices such as gold up higher.

[slobomotion]

I'm even looking for the Dow to approach 5000 at some point in 2010. I'm always off when I do this, though. It will surely go near.

Metals are a good long-term investment -- up to ten per cent. of almost any portfolio should include precious metals.

[a8865686]

The powers that be want to demoralize gold and silver bugs, and it looks like we are going to take one of our occasional trips around the 200 day moving average. So, I think $950 gold $14.25 silver isn't out of the realm of possibility, creating the greatest buying opportunity of all opportunities. As much as these hucksters want to maniuplate the market, the long term trend will continue to be up, thanks to fundamentals.

[slobomotion]

Yes, of course, the China situation makes it interesting.  The government there won't tolerate it going much below 600 max, and they are now forbidden to export it.

[formulaprimer]

Not feeling worried anymore when I liquidated my entire heavy silver holding at 18 US and bought some zsl. Starting buying back today and will keep buying until all my funds are in. Hope it gets down to lower channel around 15.50 or lower.

[formulaprimer]

Quick thing to watch. Gold and silver gets pushed higher overnight and then sells off in the US market open till close. Manipulation??? HMMMM

[formulaprimer]

Just picked up a big box of silver.... Will buy more as prices goes down but if it goes higher glad I picked some more up.

[GuildF40]

Anyone thinking Hmmmmm USA redoing its complete electric grid(needing tones of silver) and the remarkable (although forecast dip)

IMOP it will hit $16.00 and Bounce :o)

Me like China, "Me no sell, me no sell, me no sell!"

BUY BUY BUY Folks.

[SamuraiCommando]

Its at 1027 and counting...I sold 30% of my silver holding Monday night. I am going to take 80% of the proceeds and buy back in tonight and then buy in the rest at a lower price maybe Thursday afternoon. I expect a pullback at 1019. I think stock prices are going to dictate gold prices for a while. Still alot of half believers in gold and it doesnt take much for them to see a price drop and sell off with little faith or understanding.

[kensho3]

Sunglasses on head? Very Hasselhoffian. ;-)

[whippoorwillss]

how do you postulate or articulate the moves in gold, the dollar amounts, being so close to the spot price?

[Brainman94]

I hear property is cheap in Japan. IS that a good pplace to park some savings at the moment. (as well as gold and silver of course)

[DebtIsMoney]

Yeah, if you want to see your investment depreciate. The Japanese buy real estate with the expectation that they will loose money.

[Brainman94]

if you applied that in 84 you would have missed a 100% boom spike.

But yeah true it may go down - but everywhere may go down more - its all relative - if EVERYTHING goes down, you want assets where they lose the least.

As you seem to know - the japanese have some different characteristics - they dont subscribe so much to debt-financing of unaffordable lifestyle.

That said, they are aging population so GDP will shrink - but they have trillions in savings still.

[DebtIsMoney]

I, unlike the Japanese, have much debt. My monies have to go to my debt. As soon as I am debt free I will see that my debt has become my assets. Time is against me.

Unless you are super rich, not many in America have a large amount of assets without huge debt. If you are debt free and wealthy, then WOW, good for you!

I personally can't imagine owning any property in Japan unless I had family or other business there.

Best of luck to you and your journey.

[nathanblogs]

I was just wondering do you get Unallocated (unsegregated) Bullions or Allocated (segregated) Bullions. Unallocated doesn't cost any money, allocated does. My opinion is to get unallocated for the time being, but if I see the price start to push up quiet abit turn it into allocated ?

[akiraguy]

i dont know your true name stellaconcept; but i think you deserve to put 'Silver' as your middle name.

Stella "de Silva" Concept :P

[longltran]

thanks

[AustralianinfoWars]

What about Silver John Silver brother???

[stellaconcepts]

silver is all about gold at the moment.

[formulaprimer]

I now have a big position in gold silver and ready to buy a lot more but so many things are now working against it. Dollar chart is turning up and dow is diverging to the down side and earnings season is over which means no news is bad news for stocks and means gold and silver goes in sympathy with the stocks because explained before gold and silver is really paper. My analysis and many pros and gold and silver traders know there is a very minor bearish correction in gold coming.

[joeymackaroni]

"they'll have to fill the bars with tungsten to make delivery"

haa...

hey John'

don't give these leeches any ideas...

there is no telling how dirty they're willing to play

[Eraser7622]

Stella on the Scene! This roller coaster is definitely at the top of the first big drop. The decline of Sep '07 you ask? Nah.. that was just the bumps coming out of the gate. I don't think we've seen nothin' yet. My only hope at this point is that the crash will happen in such a way where we can at least temporarily enjoy the fruits of our silver labor (of love) and have some crazy purchase power for a little while. Wouldn't that be somethin'?

Cheers!

Cheers!

[BackBurnerNews]

Gotta love the metals baby!

[watcher0777]

woke up with a picture of fiat money. it is the money they pay you in when you work for them, and you can only spend it at the company store. you have become a slave and will obey because you are trapped. side bar from here is san joaquin valley, that was the destination of the okies during the dust bowl. one of the most fertile regions on earth in california. this last season you look off i-5 and see dried up land, and orchards= dying trees. because of a small fish and water cut off.

[nmreich]

You called it - right on the money. Good job.

[demensha23]

I would try to figure out who the winners will be when the FED ups the interest rate and scorches the heavy players in the carry trade. MSM in the US has been pretty silent on the Dow and Gold market since late last week.Party hats were on for Dow 10,000...Watch the auctions close.If the FED don't buy...Do you think PM's are an asset bubble? Oil will take a big hit..

[drutter]

Awesome vid John, thanks!!

[frankabler]

I loaded the boat last week at 17.50/oz. 620 American Eagles, 500 Canadian Maples, and 1,350 Generic 1 oz rounds. I could care less if spot is at 16.75 now. Spot will blow past 17.50/oz soon. If youre not in gold and silver related assets youre going to lose 60% to 95% of your wealth. Later...

[stellaconcepts]

me too mate... and will keep buying.

[doc7474]

Bob Chapman is calling for another stimulus, by next summer if I remember correctly. Obama has said himself he wants to pass a stimulus for small businesses. It will only delay the inevitable.

[stellaconcepts]

they are digusing the second one - if you look closely - i.e. record treasury auctions - you will see that they are pumping in billions and just not calling it "stimulus 2"

[scutter4christ]

Thanks so much!!

And yes, Bob Chapman is really great. I upload some of his interviews on my channel so if you you guys like him, check out my channel.

I've been learning so much from watching your channel John. It's kinda like going back to school and it's great!

[Quespacho]

Just collect the old 1 cent coins if you want copper.

[ShillBasher]

lol, EXACTLY!!!, except why would anyone WANT copper? you'd need half a ton of the damned stuff just to match 1 Oz of Gold!. I think he also sells snake oil if anyones interested ; ).

[Quespacho]

Although a few decades ago everyone was probably laughing at the crazy people collecting all the old dimes and quarters too.

[creten69]

no just go to home depot and buy tubes of it. Fill your house up with it. and mark it with a 420 stamp

I cant believe how small gold coins are.I feel kinda weird buying shot, but if were trading in silver i could get a burger for a bb. Its kinda gay ,but it was only a grand

[ShillBasher]

Nice analysis, J.

As ever.. time will tell what's next. You just can't escape these Gold4U type Ad's that are on every TV and Radio station at the mo'. I see this as a double plus because it's raising general awareness of Gold etc' and also suggests that these companies are expecting bigger things from PM's. I'm heavily in metals right now so let's hope they're right.

P.S. does anyone think Don Harrold (the guy trying to sell those COPPER ROUNDS) is a bogus SELLOUT, or is that just me?

[stellaconcepts]

copper wont be half the investment gold and silver will be in my opinion - but hey - its better than paper.

i dont have a problem with don making a buck from his youtube channel... there is a differerence between selling out and enterprising.

i have recently accepted sponsorship for my channel in the form of silver payment. if I am going to keep these vids going - why not earn silver at the same time.

[ShillBasher]

I knew you'd take that stance, John, and I agree there's nothing wrong with capitalism but if someone Is doing videos in the name of helping people and giving SURVIVAL advice and THEN gives his viewers very bad advice which he proffits from then I wouldn't want to defend that person.. would you?. I'd be more inclined to warn people, many of whome might be getting taken advantage of just BECAUSE they're poor. Don Harrolds Copper investment IS a BAD DEAL.. and he bloody knows it!.

(rant over).

[helpendthefed]

I agree Bob Chapman is phenomenal.

[ONErighteousNESS]

hey john, i jumped in last week with a big purchase couple thousand oz's. maples & JM bars. hurts this week cause if i waited i would have saved a couple thousand bucks but....i'm in it 4 the dollar collapse. watching the numbers everyday although smart, can drive you batty. other than land i thought silver was my best bet so i bought a chunk. would've loved to get in earlier in the year but still think the ratio between gold & silver will shrink with the latter going up. thoughts?

[Quespacho]

What about silver, John? I feel like I should run out and buy another 100 oz after these past couple of days.

[bjmccullough]

hey Davinci...how is Hawaii? you said it Davinci right on john! spot on call. Bob Chapman made a similar call. thanks Bruce, Tokyo

[stellaconcepts]

a lot of my fundamental info comes from chapman - hes da man... he doesnt give any technicals tho - which doesnt help too much as a day trader... but in terms of broad picture stuff - chapman rocks

[Motoicon]

Him and Max Keiser r the shit 4 sho bro. My favorites to listen to....of course Daniel over at vision victory can blow ur doors off too with the chronic info

[tradergee1]

Technically I think the metals will pull back further for a day or two and if they do, load the boat! Thanks mate.

[tradergee1]

I have my eye on GSS ascending wedge and up 250% this year.

[stellaconcepts]

whats GSS?

[tradergee1]

Sorry I keep forgetting where you are. Its a stock symbol for Golden Star Resources.

[afterniatis]

do you think its time to buy up all the silver I can or do you foresee it going any lower here soon?

thanks for all your help

[odin422]

dollar rally=cheaper silver

[stellaconcepts]

ask yourself how far could it go down versus how far it could go you - and if you're like me - any time is a good time to buy silver.

[jailarson]

It's just common sense. Metals are real value, paper is just debt. It doesn't matter what the markets say that gold and silver is worth in paper money because the paper isn't real.

[tradergee1]

well said

[REDEMPTIONthreadz]

Gold and Silver ratio is SO out of whack, ...it's disgusting. Tired of watching gold hit new highs, while silver does nothing... then watching precious metals get hammered (and silver gets the worst of the hammering) I really would like to see the ratio come back in line sometime this November. What are your thoughts on the ratio, John? It is typical, it seems to me, that silver gets crushed the worst ever since I've been paying attention to the market, but usually it outperforms gold, as well.

[prudentinvstr]

The move in the Dollar is a SHORT COVERING rally. No fundamentals what so ever. Foreigners will sell into strength. I dont even want the Dollar and will use this dead count bounce to finish getting out.

[skybirdbird]

5*'s for the cartels being on the loosing side ....WooooHooooo.....

TKX for the post......

[limitedplay]

any chance silver may hit 14 bucks?

[stellaconcepts]

unlikely.

[limitedplay]

crap

i would seriously think about a 500 ounce lot if I could get it at that price

[davincij15]

Spot on call John when is the next treasury auction?

[stellaconcepts]

they are pretty much every second week... dont worry so much about them from here on - just look for drops around options expiry.

[dojufitz]

Bought 3 oz Gold and 60oz Silver yesterday from the Perth Mint.....on a small pullback - that means it will go a lot lower! lol!

[fal2grace]

yea! the gold cartel lost money. thanks john! (you really called that drop in gold price...)

[Airave]

Let's see what happens....

Nice vid, thanks.

[Nuanceqwest]

The more people that laugh at me, the better.

We will not see the 75 handle for a few years to come.

[stellaconcepts]

ok there's the line in the sand... if it doesnt break 75 by the end of the year I'll admit I got it all wrong.

[Nuanceqwest]

Ok then.

I also think that by the end of the year the inflation/deflation debate will be resolved for at least a couple of years.

[stellaconcepts]

of course if it does break - ill be expecting you to do the same

[ONErighteousNESS]

love how a little positive spin on the us dollar yesterday drops silver down a buck or more today.....hopefully it drops a bit more this week and next to buy up somemore.  good vid bro

[DeeHong]

I just placed an order with NWTmint LOL with silver at 16.70. Still kinda high but it dropped

[stellaconcepts]

ask yourself if you did well in 6 months time ;)

[DeeHong]

I started a year ago, I've been doing well ever since :D I'm in for the long term. It's just "extra" money sitting around. Might as well spend it now on PM before i eye on something i totally dont need. :D

Ohh by the way, everytime when you said there was a dip, i jump in for more lol! I only get a tube or two depending how much money i have.

[ONErighteousNESS]

yeah when it dipped 80 cents the other week i jumped in....bought a big chunk....silver maples @ 19.50 us (ALL IN) and 100 oz. JM's @ 18.45....pretty good prices considering last week it was maples were @ 19.21 and bars spot was @ 17.45.....if your interested the guy i deal with here in toronto has SMALL mark up on spot.  I haven't found anyone in canada or the us that beats his price.

[DeeHong]

Where about is this guy? does he have a shop?

[ckekinit]

Dude, you are awesome. I pulled the trigger today. Got in at 1035. Thanks for the heads up. It may go down...but I am going long so who cares! :D

[psbyowner]

you were right ty 4 the heads up.

[Nuanceqwest]

Dollar doing well and will do so for some time.

Gold is going nowhere or down

[stellaconcepts]

the dollar is not doing well mate. its in a severe downtrend - FACT.

[Nuanceqwest]

Dollar has been forming a base for the last month or so.

Next stage: Stock market down, dollar up.

As the carry trade is recoiled.

[stellaconcepts]

a base?

it made new lows last week.

[Nuanceqwest]

Absolutely a base.

I am glad we made new lows but this move up is way overdue.

[stellaconcepts]

lets not call it a move up until it at least breaks 78 ok ? ;)

nothing goes straight down... this "bounce" so far has been unimpressive... just stick to the facts - dont see what you want to see... you'll trade better.

[Nuanceqwest]

By 78 i'll feel like i'm eating crust. I am waiting for the idea entry point which should be in the next couple of days.

[maybecominsoon]

I'm glad sheeple are still saying crap like this, it makes me feel even better about my PM investments!! 

lol@a base

[davincij15]

I know how you feel Maybecominsoon when the news talks about the dollar going down I get mad because it will reverse. When they talk about king dollar and how it will go up soon I'm happy.

The MSM is a to late indicator.

[Motoicon]

THe dollar will do well for quite some time? Really? Did Uncle Barrack find a super stash of a couple tril at the plantation? Dude, the economy is in a shambles with massive debt never seen before in terms of % of GDP. This economy is insanely levereged with derivitives in a black hole. The dollar blows big time and its going down to 60 before currencies capitulate at equelibrium. I wouldnt touch the dollar with a ten meter cattle prod

[Nuanceqwest]

Shut up!!!

Leveraged in what currency?

When the dollar recoils from the carry trade, as it already starting to do, the stock markets will fall and the dollar will rise. Just like it did last year.

[Motoicon]

Boo who...did I hurt your pussy? Get a grip

[Nuanceqwest]

You know, I used to be an inflation drone like you until I realised that I have a choice.

Just follow the crowd or think then decide if you want to follow the crowd.

[RainstormGB]

seams to bottom at 1035-1040

i thought it wasnt gonna stop earlier on