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Wednesday, August 27, 2008

Gold and Silver Outside Days



Yesterday, Tuesday, gold and silver made outside reversal days. These are bullish.

Thursday, August 21, 2008

Gold and US Dollar Outside Days

On Tuesday (the second price bar from the right side of the graph), gold made a very bullish outside reversal day (to the upside):














Also, on Tuesday (the second price bar from the right side of the graph), the US dollar made a very bearish outside reversal day (to the downside):
















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Three interviews of Jim Rogers:

"Rogers first made a name for himself with The Quantum Fund, a hedge fund that’s often described as the first real global investment fund, which he and partner George Soros founded in 1970. Over the next decade, Quantum gained 4,200%, while the Standard & Poor’s 500 Index climbed about 50%."

March 17th, 2008
Snapshot From Singapore:

April 8th, 2008
More Pain for the Greenback, and the Failure of the Federal Reserve

August 19th, 2008
Jim Rogers Predicts Bigger Financial Shocks Loom, Fueling a Malaise That May Last for Years

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Good 'ol Aubie Baltin includes some good history from the last gold bull market:
21st Century Gold Rush Re-Examined

" ...
Some examples were: Lion Mines – 1975 price $0.07 / 1980 price $380. YES, that’s right it’s not a misprint - you could have bought 10,000 shares of Lion Mines in 1975 for around $700 dollars and if you held on for the whole 5 years until January 1980, you could have netted a total profit of around $3,799,300. Not bad ay!!!!! A few others were Bankeno – 1975 price $1.25 / 1980 price $430; Steep Rock – 1975 price $0.93 / 1980 price $440; Mineral Resources – 1975 price $.60 / 1980 price $415; Azure Resources – 1975 price $0.05 / 1980 price $109. The Majors also performed superbly well, but nothing compared to the Juniors. WARNING: The Juniors, although offering great potential, also contain much greater risk as most of them ended up falling back to zero. So be careful. ... "

Human nature has not changed in 5,000 years or so, so why should it change in the next 5-10? Thus the value of studying history. Gold and the US dollar outside reversal days are important sign posts, gold and silver bullish sign posts

Saturday, August 09, 2008

Screaming Gold And Silver Buy Points

Gold and silver are at outrageously good buying points / levels.

Gold is down 6 days in a row, plus it gapped down on the 6th day, plus it is down to it's previous low in this base building action. It's probably forming a big strong "W" (double bottom) base.







Silver is also down 6 days in a row, plus it gapped down on the 6th day, plus it is down to the bottom of a rectangular downward sloping flag.









Buy!!, Buy!!, Buy!!










Gold and silver are at screamingly great buy points / levels.

Sunday, August 03, 2008

Zimbabwe Knocks Off 10 Zeroes From Z Dollar

Zimbabwe knocks 10 zeros off currency, the Zimbabwe dollar. Their dollar now has a single 1 on it.

http://news.bbc.co.uk/2/hi/africa/7532702.stm
...
Only last week, the government introduced the Z$100bn note.
...

... good video of an industrial center that is now a ghost town, of the reporter buying food in a supermarket with many empty shelves in Zimbabwe.

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Meanwhile in the US:

The government raised it's debt **limit**. It increased by $US 1,650 Billion since September 27, 2007. That's in just 10 months. How long did it take the US government to make in increase like this one? Try just under two CENTURIES (1787 - 1984). Don't think straight trend lines. Think compound curves.

Remember, a USD cannot be created without a USD's worth of debt being created at the same time. The thing is with the nature of the USD system and just about the rest of the world is that the dollars to pay the interest on the new debt/dollars created, have yet to be created, thus the compound curve, pressure to create more debt/dollars so interest in the future can be paid, and the ultimate destruction of the system.

The US, Zimbabwe, where ever debt/fiat tokens get out of hand, gold and silver are savings protection.