I think it’s critical we get strong follow through on Thursday.

[…] […]

[…] […]

Very possible…..we are dealing with gold.

With another possiblity gold catapults
upwards leaving behind those who could
not make up their minds to buy.

STILL….IF YOUR NOT IN….YOU CAN’T WIN.

Timing the exact entry is impossible IMVHO

No one needs to get left behind. Simply put a buy stop right above 1268 as that would be a higher high.

Mining stocks are cutting dividends and doing write downs. Most have (even the big boys) negative earnings. No value.

YEAR END CLOSE…………AND GLAD TO PUT THE BOOT TO ’13

At 12:15 EST, the drops from the morning highs are systematically being driven lower and lower. Maybe Gary’s warning may rear its ugly head today.

Thanks for your thoughts Gary and Happy New Year to everyone!

http://www.jibjab.com/originals/2013_what_a_year

Heavyhitter knows what he is talking about. I have extensive experience with commodity trading and can attest to the folly of using buy stops as well as stop losses as a strategy. They work on paper only and not so hot with real trading. Those stops orders become targets for the the thieves to exploit and they will do so every time it is profitable them do so.

TO : ANY GOLD BULLS THAT ARE LEFT

DO NOT BE SPOOKED OUT OF YOUR POSITIONS

There is a lot of posters here that do not know what
their talking about and spreading disinformation
Including most who claim to be professionals.

The bottomline is….IF YOUR NOT IN….YOU CAN’T WIN !

PERIOD !

A difference of opinion, that’s what makes horse racing.
Apparently gold and stock trading too!

HEAVYHITTER – I have to disagree because I have made my sizable fortune from parimutuel horse race wagering.

First off any good speculator knows the higher the risk the higher the reward.

Second you cannot compare horse racing to lotto.

In horse racing you betting against two things – the house take which needs to be overcome, and the crowd.

By only betting horses that offer value, meaning the horses true odds are percentage wise lower than what the public is making the horse, you can overcome both.

You can have a positive expected value.

By only betting horses that are overlays and only betting when you have an edge you can turn the percentages in your favor.

Lotto is mindless gambling where you have no edge and no value.

Only someone who is not an expert in successful speculation would compare the two.

You also talk about not owning anything. So?

You don’t need to own anything in order to make profit.

You simply always have to have the best of it in any investment.
The choice of investment is strictly a matter of personal preference and knowledge.

It is all the same because human nature and the laws of mathematics are always the same regardless if it is horse racing, poker, gold,stocks…

The sad truth is most people are woefully deficient at successful speculation because they simply have never been taught the right way and don’t possess the required temperament.

There isn’t one in ten thousand that can do what I do because it goes against everything you think you know.

You need to be reconditioned.

My fear is the prestidigitation is not soon revealed.
A wise three-card Monte pays the beat cop a cut.
It is not a question of if but it is a question of when.
When the sleight of hand is revealed for what it is who will be left.
It is no fun being a bag holder.
Clutching what is real because you know what is a feint is not.
Can you/we remain solvent until the falsehood of illusion fails?
It is a good question.
http://www.bing.com/videos/search?q=sleight+of+hand&FORM=VIRE7#view=detail&mid=8ED742ECC55AB443B9868ED742ECC55AB443B986
Until then I would rather hold a heavy bag as compared to a light one.

I am not here to take you in. And quite frankly I have no idea who I am talking to. Other than the fact you got by the alias “HEAVY HITTER” which is curious and I think telling.

You know people who lost everything betting at the track ah?

I supped you could say I know people who lost everything betting on ENRON and BERNIE MADOFF and the real estate bubble, and the TECH BUBBLE, need I go on?

You’re arguement makes no sense.

Happy New Year Big Al! Thanks for all that you do.

Horse race betting and winning consistently are conflicting terms. I have never know anyone who could come out ahead over the long term. I will continue to believe that it is nothing more than a gambler’s bet that cannot overcome the house take no matter what ‘system’ is employed. Now, having knowledge of the expected outcome of a ‘rigged’ race is a whole different matter but that never happens in that business. Right?

EXACTLY EAGLEEYE…..misery loves company. Most recently had a friend not talked
To him for 15 years bragging about his casino wins. Later after getting to know him
His life wss in turmoil he lost all of his years working in the casinos but he was trying
to sell me on it. ANYWAY…I KNEW BETTER….knew he was lying from the start.

DO NOT BELIEVE WHAT PEOPLE SAY…SEE IT IN THEIR ACTIONS.

DO NOT TAKE THEIR BAIT !

rapture, king of kings … oops, sorry, thought this was a site for amassing material wealth .. guess I’m in the wrong place

well HH, agree on money is not evil in itself

not sure I believe in the so-called Gospel though .. talk about disinfo, misinfo, designed to enslave humans under bondage to 2nd hand belief or assumption rather than using ones own hard-won/earned knowledge, wisdom born of learned practical experience & logic to ascertain what the truth is for oneself, by oneself

I do not trust the socalled religious texts of this world .. imo, they have been altered by humans who were interested in power, money, and not for the good

The $CDNX has settled the year above the 55 day moving average and, by a hair, the 34 week ma. Gold recaptured $1200. It’s a start… maybe.

When you are proficient at finding the pea under the walnut-shell-half you are part of the problem.

Happy New Year to everyone!

wishing one and all a happy and healthy new year. And thanks to Al and the gang for providing us with some great interviews, article links, and food for thought

Happy NEW YEAR …..AROUND THE WORLD….

Gotta Run………..have to go get ready to pop the cork………happy is happy…….gold is gold……..and gold does not buy all happiness…………UNCLE WALLY….1988

Happy New Year, and to everyone be good and god bless! DT

I am not going to disparage anyone but I find Gary Savage interesting, he speaks his mind and I believe he brings a different viewpoint, I like to think of it as technical fundamentals and I am glad Al has included him.

You need to be diversified in your holdings and that includes listening to people who are not like minded.DT

You need to ask Gary if he ever has a long core position or if he is just trading 100% of his position. Even folks like David Morgan hold a core position and only trade a part of that.

I will tell you what I sure see and hear mountains of BS out there, and I am not painting anyone particular but almost everyone. What this tells me is that the Federal Reserve people for what ever they are worth DON’T know what they are doing and that includes world Governments.

Regardless, it boils down to trust no-one and trust only that which you can feel, eat, drink and be comfortable with.

Happy New Year everyone!
~from Irwin, Myrtle & Annie
http://www.youtube.com/watch?v=OmvxuSwgDIY

Hi, I listen everyday but seldom post. Any opinions on the 10yr treasury? It seems to me that if it keeps going up, it will really hurt any interest rate sensitive market like real estate, automotive loans or business loans. In the last year, the ten year has almost doubled. As an example, if you were buying a house, it has really become 50% more expensive in one year when you take the cost to carry and the average home appreciation (approx 15% ?) in to account. It is hard to see if the 10 yr and interest rates keep going up how it won’t soon effect the broader markets.

http://stockcharts.com/h-sc/ui?s=%24UST10Y

This should cause risk off and should put a floor (as if we didn’t have on already) in the gold price.

Happy New Year everyone!

Where’s the Birdman gone? One moment he seems to be chirping away merrily and then he goes silent and leaves me feeling concerned! Of course he slagged me off something terrible earlier in 2013 but I find the guy strangely loveable even as, from time to time, he appears to find me half decent!!

Anyway here we are in 2014 at least over here. Bruised, battered and bewildered following 2013….licking our wounds in the hope that we can lick our chops for what lies ahead, at least in terms of gold. But will I look more of a fool than my PM portfolio already makes obvious? Much as I admire the technical analysis that others display I’m reminded of the old adage that ‘ he who knows that he does not is never a fool’.

What we’d probably all agree on is that 2014 stands to be a whole lot hairier than last year. Quite apart from 50 million US citizens being on food stamps here we have 4.5 million Brits (1 in 6) with £10 or less to show at the end of each month, and where as of today 50,000 Romanians and Bulgarians (bless them) intend coming to these shores to get wages ten times what they get back home. Or will France help breakup the EU, which seems to be the prevailing wish of many Europeans now? Then there’s Janet Yellen doing something at the Fed, which in former PM Gordon Brown’s view will precipitate a global stock market crash. Or what of Saudi Arabia and the U.S who are no longer buddies – remotely? If the petro-dollar tanks, or China sells her bonds what then is to happen to Bob Moriarty’s toilet paper currency? As for Syria, she stands to become more of a hell-hole even as the West assists the terrorists there. The ironies are unconscionable considering the recent drone attack in Yemen which took out a party of fifteen going to a wedding, mistaking them for al Qaeda. As for Israel she assisted by Saudi Arabia has vowed to take out Iran’s centrifuges, just as the West now gives Iran the nod to proceed enriching 60% of its uranium. Or what of those Japanese F 35s flying wingtip to wingtip with Chinese warplanes over those mineral rich rocks in the Chinese sea?Any single act of folly could like the assassination of the heir to the Austrian throne a hundred years back trigger off WW 3.

As for those end-timers – be they Christian, Jewish or Muslim, they’re are all having a field-day, treating the imminent future or our world’s demise as a slam-dunk. The precursor to all this – the False Prophet or Twelfth Mahdi might well appear in Iran. Until recently deposed President Ahmadininjad had assumed the role. Anyway after whoever anoints himself with the tile, the antichrist will follow and set himself up in Jerusalem. And only then will the Jewish messiah understood by Christians as our Lord himself make His return. AT LEAST THOSE ARE SOME OF THE THOUGHTS PROCESSES BEHIND HOW THE FUNDAMENTALISTS SEE IT!

I’m not a fundamentalist, even if there seems to be so much to support the belief that we live in the end times. But what I am in these heart-rendingly tragic times is a man who puts his faith in Christ. Others have their own faith/philosophy, or feel so overwhelmed by cynicism that they can’t believe in any sort of God.

If it’s any help I feel as cynical as so many others. My own Church of England seems to waft along on a sea of platitudes and word-games, sleepwalking while never consciously walking the walk. People who are lukewarm never cut the mustard for me. That’s why there are many on this site who help me, simply because you’re not brain-dead!.

So, even if 2014 turns out to be a roller-coaster ride, Peace to Al and his team and to one and all on this site, Andrew

He who knows that he does not is never a fool.
I like that.
Things look pretty scary alright, to those that watch whats going on. Ignorance is bliss of course. I envy that really.
Anyway, we have had many scary times in the past that must have looked like the end was near, here comes the rapture etc etc.
Never happened.
My opinion, not that it means anything, is life will go on from here too. People will blunder thru until things get readjusted and we creat more issues for ourselves to deal with.

Andrew, you neglected a little forward looking news, the # of people requesting to go and colonise Mars has been narrowed from 200,000 to 1058 I believe.
We are going into space, we will continue to expand, creation, everlasting expanding conciousness.
Where have I heard that before? lol.
Merry Christmas Happy New Year,
Your posts as well as many other have been a pleasure this past 2013. I look forward to 2014.

Thankyou b. I think I agree with you. Sadly people will always die prematurely in droves and nature has its own sure-fire ways of initiating culls of its own. But silly me for leaving out the Mars tourists, or should one say the C21st equivalent of those Tower of Babel merchants?!

And every good wish to you too for 2014. A

One thing that is certain, we are living in a distinct era of American history and indeed that of the world. The times we are living through now are much like the 1920’s which saw unprecedented prosperity followed by a great crash that culminated in the 1930’s depression.

The big question for us all is have we got better at handling our economic problems through micro management aka “The Fed”, or is all this leveling just forestalling the inevitable, a much bigger correction then if the economy had been left to fix itself.

We will almost certainly carve a new stream but much of what the future holds is written in the past. DT

Getting some early upward fireworks on Jan 1 in the Gold price.

Sounds good to me.

$1220 – 9.19 GMT

-unrelated to anything above .. I just came across this today.

I’ve often wondered why it is that some Christians I know are such sour-pusses; if what they believe is true, shouldn’t they be the happiest people on earth? This short sentence explains a lot;

“I believe the holier a man becomes, the more he mourns over the unholiness which remains in him”.
~Charles Spurgeon

I agree Irwin – there’s a paradox between those gloomoid sour-pusses and the need to go on working out one’s salvation with fear and trembling. But nor do I fully agree with Spurgeon since we’re saved by grace (Hallelujah) rather than on any endless navel gazing over how much better we ought to be!

Have a joy-filled 2014! A

Did Gold bottom this week, or will Gold longs continue to take it in the bottom?