SISSY PANIC ! AAA YOU CHILDREN ! http://www.huffingtonpost.com/waymon-hudson/karate-kick-the-sissy-out_b_681269.html

Al,
The number is 1179. Gold has to hold above that. As of right now this is just a normal move down into a daily cycle low. Like I said these cycles have an advancing phase and a declining phase. Gold is entering the declining phase of the cycle. What I don’t like is that gold is entering the declining phase from a position of weakness below 1268.

IMO as long as gold holds above 1220 during this declining phase then we are going to be OK. What I’m worried about is further premarket attacks during the declining phase that could take gold below 1220 or 1217 which is Ricks number.

Like Rick I’m going to take this one day at a time, and today I didn’t like that $30 premarket hit at all. We’ll see how tomorrow goes and next week.

All the PRO’S……REAL PRO’S……all lined up in sync.

Matthew, Doc, Chris T. and Rick

All this is ….is normal house cleaning…….flushing weak longs

Interesting commentary from Nigel Farage concerning northern Europe economy.

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2014/1/30_MEP_Nigel_Farage.html

Agree with Doc completely. Next stop, one of Jim Sinclair’s old “angels” at $1296 –currently the 30 week moving average.

If the UK with its sapping immigration problem is doing better than Germany, after the UK cutting spending (well, holding it steady), that is a surprise.

YOU are EITHER IN OR OUT….no chance after the reset!

Sorry guys. The dollar is going to strengthen due to tapering and EM capital fows. Euro is heading back down. Gold will feel the pressure and in fact it must continue to decline at this critical juncture or sentiments will shift decidedly bearish on both the economy and stock markets. There is no doubt in my mind that this recent brief rally period since the start of the year is ending. Nobody is suggesting the economy is all roses or anything but the wind is still to the back where equity markets are concerned and most of us pretty much prefer it stays that way for the time being. If gold is going to properly function as a fear/risk trade then it is destined to fall under the current circumstances. I continue to hold to my predictions for a decline below 1000 this current year.

I am DEAD SERIOUS…if you are in…good. If not, the ANTE will MUCH, MUCH HIGHER to protect your purchasing power..well…sorry…

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/30_Gold_To_See_A_Rapid_$280_Super-Surge_From_Current_Levels_files/KWN%20Wides%20III%201%3A28%3A2014.jpg

Probably suggest ultimately $1550 this year.

wheres the rabbit?

DOWn the hole.

And speaking of Down ? Dow

STOP…..STOP…..STOP…..all the bear talk and nonsense

DO WHAT FRANKY SAY……..BUY…BUY…..BUY…

stop like Franky say…sissy… chicken…balk…balk……

YOU BE MAN….buy…buy…..like real man

The house always wins.

Many casino gamblers play the crap tables, or the roulette tables, or the slot machines.

They are all betting against the house, and the odds are always against them.

In the short run they might hold their own, but in the long run due to the mathematical advantage that the house has, they can never overcome that.

In the long run they must lose.

It is the same here.

Gold held its own for January, the same thing happened last year.

After January the rest of the year was a disaster for gold and I said earlier in the month we could have a repeat.

Like the casino player, gold was hanging in there, pulling rabbits out of its hat, beating the odds.

Until the day when the odds finally catch up.

I said yesterday the price action yesterday in gold was terrible.

When something has every reason to go up, or win a race, and it cant, something is not right. You can keep making excuses, but excuse dont feed the horse.

Many people have this dream of hyperinflation, currency collapse, strong hands, weak hands – its all BS

Markets dont work that way.

It is a zero sum game, only value and edge win out

This is a dead market, a dead asset and a dead cat bounce that now is over once again.

Too many folks here still with their to the moon calls, and kwn propaganda.

I think we need $1000 gold to get to the place where everyone finally throws in the towel, gets to the puke point and then maybe, just maybe we can build from the ashes.

right now we are going nowhere fast

How can gold possibly go down to $1000 when almost all of the physical gold produced in the world is being snapped up by China and they can’t even come up with a few hundred tons for Germany?

http://katchum.blogspot.com/2014/01/2013-magnificent-year-for-china-gold.html

I noticed today that Jim Sinclair at http://www.jsmineset.com is showing the physical price for gold and silver via his new exchange in Singapore. It is a higher price than shown for spot on the Kitco site. I think this is probably appropriate since the real price of precious metals will ultimately be driven by the Asian markets.

In this outstanding interview, Billionaire silver advocate Hugh Salinas Price was asked if the gold & silver markets are manipulated:

Of course the gold and silver markets are manipulated. You have to be either blind or a Harvard Graduate with doctorate in Economics to ignore the fact.
The purpose of the manipulation is the same as the purpose of the French Revolutionaries in attacking gold when they were printing their “Assignats” paper money like crazy; to try to suppress the indicator which showed the destruction they were carrying out with unlimited printing of fiat money. Gold tells the Truth and so it is an enemy of those who wish to deceive their populations. Paul Adolph Volcker, famous former head of the Federal Reserve of the US, once stated: “Gold is my enemy”.

Gold will triumph over paper. It always has, ever since the Chinese invented paper money many centuries ago. But in the meantime, paper money is twisting the economic facts to such a degree, that enormous distortions are taking place in the markets. Enormous investment mistakes are being made. All this will become evident in due course; a gigantic collapse is going to take place and many who think they are very wealthy will find they have next to nothing. Click here for Salinas Price’s full MUST READ interview on why Gold is The Fed’s enemy:

Read more at http://www.maxkeiser.com/#CK3oAzoIGWTQA0B5.99

His answer “of course its manipulated” makes me laugh as the discussion here for so long was questioning whether it was or not.

Thats why I really appreciated Gary S. He may or may not be right on calls but at least he attempts to take the manipulation into account.

Gotta admit the issue before it can be changed.

Today is a typical day where we see the smack down of PMs around the close of the NY GLOBEX and opening of the NY NYMEX. All too predictable….

HEAVY HITTER

With all due respect I believe you are very misguided.

First, to respond to some of your words.

You use the word “investing”

Speculating on the direction of the gold price, or a stock, or a house, is not investing.

It is speculating.

You try to then make a case for the difference between owning an asset and other forms of speculating, like casino games or horse racing.

First I need to say you read my posts but you don’t understand what I am saying.

It is a good thing to “own” something as you argue – provided the thing you own is increasing in value.

Many people thought they “owned” their home, and used them as ATM machines, until the bubble burst in the housing market. Now many people are still underwater in their homes, and if not for the FED pumping up the housing market they would be in dire straits.

Many people thought they owned a good stock in ENRON or MF GLOBAL, until they woke up one morning and found out they had lost their life savings.

So be careful what you own.

Let’s turn to gold. It is a good thing to own gold. And yes it may never be worthless, but it indeed can be worth less and less; as is the case now.

Many people who bought gold high are now trying to get rid of what they “own” before they lose even more money.

So owning something is not the criteria or prerequisite for success.

Be careful what you own.

You also used the word “madness”

Watching gold go up and down on a daily basis is madness.

Read the posts. See the disparity of opinions – this is madness.

Now let’s turn our attention to casino games, i.e. Craps, Slots, Roulette.

Again before you respond to my posts you need to make sure you understand them.

I never advocated speculating in these forms of gambling – I made that perfectly clear when I layed out the insurmountable mathematical probabilities that are against you.

So please stop categorizing me into something I am not due to your inability to understand.

I am simply making a comparison into human behavior and it’s relationship to money and speculating.

What you fail to realize, where you fail to connect the dots; is that whenever you risk your money you have entered into a proposition that is the same across all forms of risk; be that speculating on the price of gold, Nevada real estate, Facebook, the #5 horse in the 8th race, the Broncos minus 5 (that is not a prediction.)

The goal is always and everywhere the same – extract profit. Owning the entity or asset may or may not be part of the equation.

What you also don’t get is the fact that if you wager on a race horse you do in essence “own” a stake in the outcome, albeit very briefly.

The word pair mutual comes from the French meaning “amongst ourselves”

When you wager on a horse you own a percentage of the total money that was bet on that race. Likewise we who are in the gold market, however large, are playing amongst ourselves.

It is a zero sum game.

Own an ounce, own a share, own the tail; it’s all the same.

The problem is too many people have never really thought out the matter.

We have all been conditioned from youth to go along with the way it has always been done.

Get some money, buy some item.

There isn’t one in a thousand who can think out of the box.

I’ve tried to drum into your head over and over again fundamentals mean nothing.
It is all about value and edge.

But you refuse to understand.

Take Birdman and Matthew – who are both very bright and very knowledgeable.
But at this point in time they are both on opposite sides on the fence when it comes to gold.

How can two very intelligent people be on the opposite side of the trade?

Wasn’t it Lincoln who said regarding the civil war and the north and the south regarding God being on their side…

Both sides could be wrong, but one side must be wrong.

It is only when you think you are the smartest guy in the room and have a monopoly on the fundamentals when you will lose.

Remember a trade involves two parties, and both parties may be equally intelligent or equally foolish.

So what does this prove? In the long run both will have their share of wins and losses.

Throw in commissions, fees and taxes and both may come up losers.

THE ONLY WAY TO BE SUCCESSFUL IS WHEN YOU HAVE A % ADVANTAGE AND AN EDGE THE CROWD DOESNT HAVE. END OF STORY.

Do you really think you have information that no one else possesses?

All the information, or misinformation is more like it, has already been baked into the cake.

All the variables are all summed up nicely in the price.

Your job is to find out if the price is efficient.

Not to make predictions, not to rant about to the moon and back up the truck, not to impress people with your wealth of knowledge and charts and statistics.

This is all wonderful, but save it. It doesn’t get you anywhere.

If you want to win you have to through everything out you thought you knew.

Tune out these “experts” who are not experts.
Do your own homework.
Find the value and edge
And then send it in.

What I’ve said before I say again –

COPPER THE PUBLIC PLAY AT ALL TIMES

Pittsburgh Phil my friend, Pittsburgh Phil

Exactly right guys it is a game and it is being played by those that want to defend currencies and to get something for nothing and I am not talking about gold and silver investors. If gold and silver investors want to win they must not play the same game as those that run the markets. Investors that want buying power or profits must assert control over their assets and determined what they want for their assets and insist on getting exactly what they want no matter what and defend themselves and assets against all enemies foriegn and domestic. This is not only an economic and political game, it is also a war.

I just looked up the definitions of “invest” and “speculate” and no kidding, invest used stocks as an example and speculate used commodities as an example. This is splitting hairs and ridiculous. Did I speculate when I sold silver and set up my sole proprietor snow removal business or invest in myself. I invest. To speculate is to chance loosing everything if you are wrong (gambling, lotto, options, and I lost almost all my capital in options last year); investing gives you a chance to get out before all is lost IMHO.

Thanks Matthew, that is a better clarification than mine. I tried to make the point that a speculation is; if this doesn’t happen then this will; investing is; this should continue if effort is put in. IMHO