If you look at a long term chart… start looking at March 2008 (St Patrick’s Day high)when AU first piercing over $1000…then overlay that chart with the 2011 August high of $1920….from those high positions on the long term up trend we see very similar patterns….. the 2008 chart evidences the patterns that finally burst AU through $1000 to where it is today….fundamentally you an say we are better here then we were then….. IF THE PATTERN REPEATS it looks to me like we are now bottoming near the top(bottom in price terms) of the head of a reverse head and shoulders…..if you are dollar cost averaging then pay no attention…..if you
are timing the market then tell me what you think…. am I wrong.. Just my take.
Play your own hands wisely! Maybe I am wrong and this is AU beginning a 1980esque retreat?

Good afternoon Big Al and all,
There continues to be a multitude of “signposts” emerging that gold is fast becoming an asset of the ultimate sign of reliability and credibility is terms of a securing one’s store of value. http://www.jsmineset.com/ discusses the “THE NEXT BIG THING IN GOLD”. In short, THE banking supervising committee is considering two things:
1. Making gold a tier 1 asset with 100% weighting as opposed to a tier 3 asset with only a 50% risk weighting assigned to it.
2. Increasing capital requirements banks must set aside to operate. (i.e.more gold!)
The big thing here is that the supervision committee used to concentrate solely on “paper asset” security instruments as the BANKS ANCHOR of solvency and dependability.
IT LOOKS LIKE THAT COULD BE CHANGING!
BE YOUR OWN CENTRAL BANK – GOT GOLD (SILVER).
All the best,
Marc
P.S. The last paragraph in italics really nails down gold’s escalation in financial markets and economic equations when determining solvency AND FINANCIAL VIABILITY – becoming equal to ” quality sovereign debt”. This is the START of the gold/silver paradigm shift.
SOURCE: Ross Norman, Sharps Pixley – London

BTW, think about that for a moment! It took 11 years into this bull market and roughly 4 to 5 years of obvious financial upheavals to convince these knuckleheads to AT LEAST equate the ‘ultimate store of value…5000 years and running” GOLD to a paper asset! C’mon these people need to get real and pull their heads out of their you know whats – c’mon man!

Good points, all.

To add: A German goldbug website reports that sales of PM coins at the dealers are through the roof again, after a significant lull in Q1. Allegedly, people have lined up to buy silver coins and cleared out the inventory in some stores by afternoon. Another report from the US says people are again returning to by silver eagles. In any case, there seems to be good anecdotal evidence of renewed interest at the retail level for physical.

Here is something interesting. I had wondered with suspicion for a long time how GLD gets its gold, it’s many many tons, which it apparently and effortlessly “adds” or sells at will of. Sprott, on the other hand, needs months to get his silver order filled, but GLD just kind of does it as it pleases?

I think the claims made below are true:

In this explosive interview, Harvey discusses the cartel’s re-hypothecation of physical gold bullion, and documents how the bullion banks are running a shell game by re-hypothecating/ swapping/ leasing Arab investors’ gold bullion deposited at the Bank of England to the GLD and other ‘gold depositories’.

‘Essentially the GLD vaults hold physical gold metal, but it’s not owned by the GLD. It has to be re-swapped back to the Bank of England. The Bank of England has basically swapped the gold to the GLD, and it’s not even the Bank of England’s gold, it’s Arab investors’ gold! It’s an obligation on the part of the Bank of England to get it back! This goes along with the whole hypothecation/ rehypothecation story of MF Global. The same ounces of gold are going from one place to another to another.

The COMEX, the LBMA, the Bank of England- it’s ONE INVENTORY!! It serves three masters, and the fun begins when they all want it back!‘

We are playing precious metals musical chairs and their are many more bottoms than chairs.

I believe James Turk is a good man with some good advice. Unfortunate very few listen. This teir 1 asset proposal is a big game changer. Might be what goldbugs bin lookin for fer awhile. Personally, I think gold will be revalued, just as Mr. Maloney has been saying it will for some time. How?,When?, I can answer that when rothchild or a builderberg calls and tells me. Its gonna happen tho, all debts are paid once they do it. And the way these psycos think to heck with the pensioners on fixed incomes that have to pay $10 for a loaf of bread. Only thing a person can do is protect themselves and their families, own some gold, more than you can carry, own diamonds. Unless yur a prepper of course.

You boys see this?

http://www.321gold.com/editorials/russell/russell053012.html

Anyone aware the minions of the international financiers having their yearly meeting in Virginia this year?

Global business titans, government officials and political figures rounded out the guest list of more than 100, though skeptics suspect dozens of names, especially of high-profile individuals, are kept off of it.

http://www.washingtontimes.com/news/2012/may/30/security-tighter-than-ever-for-power-players/

Ho well. Usually they`re not that obvious…

Rockefeller and Rothschild Merge Financial Operations in America

RIT Capital Partners is to buy a 37 per cent stake in the Rockefeller’s wealth advisory and asset management group for an undisclosed sum, giving Lord Rothschild’s London-listed trust a much sought-after foothold in the US.

http://www.ft.com/intl/cms/s/0/efe93494-a9a3-11e1-a6a7-00144feabdc0.html#axzz1wO83PFvt