|
|
Post by Clinton SPX on Apr 6, 2012 13:18:34 GMT -5
new quarter, time for a new OGS thread Attachments:
|
|
|
|
Post by maxi on Apr 7, 2012 10:32:03 GMT -5
|
|
|
|
Post by maxi on Apr 7, 2012 11:17:12 GMT -5
|
|
|
|
Post by Clinton SPX on Apr 7, 2012 12:06:18 GMT -5
LOL love it “I think perhaps the most bullish thing I saw yesterday was that Dennis Gartman has pronounced the end of the gold bull market as a result of the Fed’s actions. Nothing could be further from the truth. Given Dennis’s unbelievably inept record at calling the gold price, in both directions, I regard this event as wildly bullish.” |
|
|
|
Post by Clinton SPX on Apr 7, 2012 17:39:02 GMT -5
NEW YORK (MarketWatch) — Gold jewelers in India returned to work Saturday, a day after the nation’s finance minister promised to consider getting rid of newly imposed taxes on the multi-billion-dollar industry, media reports said.
|
|
|
|
Post by maxi on Apr 8, 2012 10:46:25 GMT -5
There are 5-6 podcasts on this web address. All of course talking about silver gold and the miners. All of these guys have been around for a long time. Worth listening to. wallstreetwindow.com/node/5596 |
|
|
|
Post by tendermyshares on Apr 8, 2012 15:57:50 GMT -5
April 24 is a Hindu holiday, one aspect of which is to buy gold on that day. Not leading up to that day, but on the day itself. It's also a day to "unlose" money, so we should all celebrate: www.astroved.com/festival/akshaya-tritiya/Non Declining and Recovery of Wealth Akshaya Tritiyai 2012: April 24th IST April 24th IST Your Ancestors Want to Bless You Ancestor Ritual - Tarpanam in Rameshwaram : USD 54 April 24th IST April 24th of this year is an astrologically significant and important festival for wealth called Akshaya Tritiyai. It is the 3rd moon in the house of Aries. Akshaya means ”not decreasing”. This is a time when you nurture and cultivate the concept of non-declining or non-decreasing wealth. This is a fantastic concept, because people don't usually think about it in terms of not decreasing wealth. On this day, we are undergoing a massive undertaking here in India to bring you the opportunity to participate in the majestic Elephant “Gaja” Pooja and Grand Lakshmi Kubera homa. If you are able to actively engage in this moment and capture it in your own body mind and soul, it will be very useful to help you gather wealth and keep wealth. Taking the right action at the right time gives you maximum positive results. Get Your Due The amazing planetary combination on April 24th forms a wheel, which translates to “what was lost will come back to you”. Think of what was lost, 1) loans given and never returned, 2) poor investments, 3) wastage, 4) Money cheated from you, etc. Make sure you get the money back that you are due – the banker in heaven, Kubera has excellent records. As we celebrate and honor Kubera the Banker in Heaven, ask him to review your lost accounts and have them returned. Lakshmi will be giving you the blessings of never decreasing wealth. Lakshmi and Kubera are working together in a wealth supporting combination. Our enhanced Homa with five priests for Lakshmi and Kubera will bring extra power to your intentions. |
|
|
|
Post by Clinton SPX on Apr 8, 2012 17:01:45 GMT -5
FUTURES LIVE
Wow did gold and silver gap up
|
|
|
|
Post by Clinton SPX on Apr 8, 2012 17:18:41 GMT -5
Gold Surges As Indian Jeweler Strike Ends, Equity Futures Slide
Submitted by Tyler Durden on 04/08/2012 - 18:12
As reported earlier, the Indian gold buying strike is now over, and just as we predicted, gold futures are off to the races right out of the gate, with the yellow metal surging $10 just as the electronic market broke for trading, touching $1647. Unfortunately, while Indian purchases of gold are sure to provide a bid under the metal, their appetite for stocks appears to not have risen, and as a result, ES is continuing Friday's downdraft lower, with the E-Mini touching on 1372 in the first minutes of trading. Finally, with Brian Sack no longer there to facilitate the overnight ramp higher, this just may be one of those overnight futures sessions where we do not see a miraculous melt up on absolutely nothing.
|
|
|
|
Post by Clinton SPX on Apr 8, 2012 17:20:21 GMT -5
Im watching dxy
under 80 Im thinking bullish
|
|
|
|
Post by maxi on Apr 8, 2012 17:51:58 GMT -5
GOLD and Silver gap up ... Will miners gap up or down? EVERYTHING else gap DOWN! Oil too down. Are we having fun yet.  |
|
|
|
Post by maxi on Apr 8, 2012 20:19:04 GMT -5
I hope zerohedge trades futures, becauseat this rate by the morning open gold will be below where it left off on Thursday. Gold Surges As Indian Jeweler Strike Ends, Equity Futures Slide Submitted by Tyler Durden on 04/08/2012 - 18:12 As reported earlier, the Indian gold buying strike is now over, and just as we predicted, gold futures are off to the races right out of the gate, with the yellow metal surging $10 just as the electronic market broke for trading, touching $1647. Unfortunately, while Indian purchases of gold are sure to provide a bid under the metal, their appetite for stocks appears to not have risen, and as a result, ES is continuing Friday's downdraft lower, with the E-Mini touching on 1372 in the first minutes of trading. Finally, with Brian Sack no longer there to facilitate the overnight ramp higher, this just may be one of those overnight futures sessions where we do not see a miraculous melt up on absolutely nothing. Phooey! It was fun while it lasted tho! |
|
|
|
Post by tendermyshares on Apr 8, 2012 20:46:09 GMT -5
|
|
|
|
Post by maxi on Apr 8, 2012 20:48:11 GMT -5
|
|
|
|
Post by maxi on Apr 8, 2012 20:51:15 GMT -5
|
|
|
|
Post by tendermyshares on Apr 8, 2012 20:56:45 GMT -5
Look before you leap. Here's a 5 year chart of a 1x miners ETF (shaded area) versus GLD gold ETF, simple line chart above it. It looks pretty much the same whatever time period you choose. You know they've been saying since day 1 miners weren't rallying along with gold. Now, the day's burning questions is, Hmmm, why would that be.  |
|
|
|
Post by jack on Apr 8, 2012 21:12:10 GMT -5
Look before you leap. Here's a 5 year chart of a 1x miners ETF (shaded area) versus GLD gold ETF, simple line chart above it. It looks pretty much the same whatever time period you choose. You know they've been saying since day 1 miners weren't rallying along with gold. Now, the day's burning questions is, Hmmm, why would that be. And THAT my friend is why A2L doesn't do miners. |
|
|
|
Post by Clinton SPX on Apr 8, 2012 21:13:50 GMT -5
many miners dont even show profits....ever.
|
|
|
|
Post by jack on Apr 8, 2012 21:18:30 GMT -5
many miners dont even show profits....ever. Many miners don't have sh_t in their mines...or rather that's ALL they have in them. That's why. |
|
|
|
Post by novice08 on Apr 8, 2012 21:18:44 GMT -5
They ran after the big physical runup in the 70s. That's my story & I'm sticking to it. Some of them will have (more) record profits, right Jack?
|
|
|
|
Post by jack on Apr 8, 2012 21:20:07 GMT -5
They ran after the big physical runup in the 70s. That's my story & I'm sticking to it. Some of them will have (more) record profits, right Jack? You know it Novi! ;D |
|
|
|
Post by maxi on Apr 8, 2012 21:54:38 GMT -5
many miners dont even show profits....ever. SVM has a p/e and a dividend...... |
|
|
|
Post by maxi on Apr 8, 2012 22:03:14 GMT -5
messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=te&bn=86655&tid=32930&mid=32930&tof=3&frt=2#32930Under U.S. commodity law, the names of individual traders are kept confidential. However, it is no secret that the commercial traders are the big shorts. It is also no secret that these big commercial shorts are mostly money center banks and financial institutions. Based upon government data and correspondence, the largest such short almost certainly is JPMorgan Chase & Co. who inherited their big silver short position from Bear Stearns when JPM took over that firm in 2008. Together, the eight largest commercial silver shorts on the COMEX generally account for 50% to 60% of the entire net COMEX silver market, with JPMorgan alone holding around 25% or more of the entire market. I would hold that those percentages of concentration and control constitute manipulation, in and of themselves. By the way, there is no comparable concentration on the long side; only the short side of silver. The current exact mechanism they use to suddenly rig the price lower is High Frequency Trading (HFT). This is the placing of sell orders in great quantities by computer programs that suddenly appear as legitimate orders, but are really mostly "spoofs," or orders entered and canceled immediately (in the fractions of a second). When the sell orders first appear, they spook others into selling as they give the appearance of great selling about to hit the market. Instead, it is all a bluff, intended only to scare others into selling, as the vast majority of these original sell orders are never executed, nor were they ever intended to be executed. They were designed for one purpose only - to scare others into selling. Through HFT, the commercials are able to push prices suddenly lower on very little actual volume. But once prices are put lower, the outside selling (from those who are frightened by the drop in prices) hits the market. It is that outside selling from technical traders that the commercials then buy. In a nutshell that's the HFT scam in silver. It is important to grasp the fact that the actual selling (and commercial buying) takes place AFTER the price drops. Most people think great selling is what causes the price to decline, but that's not true. The great selling only comes in after the price has been put lower, which is the purpose behind HFT in silver. The introduction of the big silver ETF in 2006 is probably the single biggest reason behind the climb in silver prices from the $7 area the year before. Investors have purchased close to 600 million ounces of silver in all the silver ETFs over the past six years. Without that buying, I doubt we would have made it over the $10 mark. While silver is still manipulated due to the concentrated short position on the COMEX, the introduction and success of the various silver ETFs has impacted the price tremendously. That should continue. There are two distinct forces exerting artificial control of the price of silver. One is the concentration on the short side of the COMEX. The other is the ascension of the mindless and destructive computer trading of HFT. This was behind the "flash crash" in the stock market on May 6, 2010. The difference in HFT is how the regulators react to it. When it occurred in the stock market, the regulators, the SEC and CFTC, rushed to make sure such meltdowns didn't recur in the stock market. Instead, the HFT practitioners were given free rein to disrupt the silver market. All the big sell-offs in silver are related to HFT to aid those holding large short positions. The simple and undeniable fact is that the commercials are always big buyers whenever gold and silver sell off sharply. These commercials trick others into selling after prices have been deliberately pushed lower, because the commercials are always the big buyers on every big sell-off, that proves they are rigging the price, as it is not possible for them to "always" be the buyers on these pre-arranged sell-offs.
|
|
|
|
Post by Clinton SPX on Apr 8, 2012 22:08:46 GMT -5
I think the gold trend has changed due to the higher high Attachments:
|
|
|
|
Post by novice08 on Apr 9, 2012 8:31:10 GMT -5
Here's what I'm talking about: Gold Resource Corporation First Quarter Production Sets Record With 53% Increase
1 hours 14 minutes ago - eTeligis via Comtex
COLORADO SPRINGS, Colo., April 9, 2012-- Gold Resource Corporation (NYSE Amex: GORO) announced its preliminary production results for the first quarter ended March 31, 2012 of approximately 30,500 ounces precious metal gold equivalent (AuEq). Production increased approximately 53% from the previous quarter, and 308% from first quarter of 2011, establishing new record production for the Company. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $43 million to shareholders in monthly dividends since declaring commercial production July 1, 2010 and now offers shareholders the option to convert their cash dividends into physical gold or silver.
Gold Resource Corporation's first quarter production is in line with its 2012 Outlook, which is targeting annual production of 120,000 to 140,000 ounces AuEq. First quarter production was achieved with an 825 tonnes per day average throughput. Contributing to these record production levels included increased long-hole stoping.
"We are pleased with the record production increase and will release the full financial results for the first quarter at the time we file our quarterly report on Form 10-Q with the Securities and Exchange Commission," stated Gold Resource Corporation's President, Mr. Jason Reid. "The El Aguila Project and the hard work of its team members continue to impress management each month. First quarter record production sets a firm base from which to continue our growth trajectory of producing more low cost ounces."
|
|
|
|
Post by novice08 on Apr 9, 2012 8:53:15 GMT -5
And only things green on my watchlist other than shorts are miners...let's see if they hold. The pms coming down already. The Morgue winning the silver battle.  |
|
|
|
Post by jack on Apr 9, 2012 9:40:30 GMT -5
And only things green on my watchlist other than shorts are miners...let's see if they hold. The pms coming down already. The Morgue winning the silver battle. ...just when I want the miners to go DOWN - they go up; guess I'll just have to start using reverse psychology and fake myself out.  |
|
|
|
Post by novice08 on Apr 9, 2012 9:57:24 GMT -5
Look at the massive ih&s forming on HL...
|
|
|
|
Post by tendermyshares on Apr 9, 2012 10:01:42 GMT -5
Optical illusion alert! The 2nd high is actually lower.  Uploaded with ImageShack.usOddly, Zerohedge has been harping on a US stock bubble since inception and missing the entire rally while the market has gone up, and up, and up, and have been touting gold while buying it, never seeing a thing wrong there. I had to lower the gold futures price target from 1550 to 1460 based on this channel. 10 month chart. Could be a week to a month from now.  |
|
|
|
Post by jack on Apr 9, 2012 10:04:11 GMT -5
Look at the massive ih&s forming on HL... Where on HL? What timeframe? |
|
