tag:blogger.com,1999:blog-8958500Sat, 10 May 2008 01:27:14 +0000http://goldprice.org/bob/noreply@blogger.com (goldprice)Blogger248125tag:blogger.com,1999:blog-8958500.post-8188898865216295311Thu, 08 May 2008 12:10:00 +00002008-05-08T07:11:28.575-05:00Veteran gold and silver trader Jones comments on the need to own gold and silver coins in lieu of paper money: ... "The average American doesn't know what money is, the average Brit, average Aussie, anybody in the west." ... "... the thing about this money is that it holds its value." ... "... only about 5% is paper money. The rest are computer entries." ... "... most Americans have never http://goldprice.org/bob/2008/05/trader-jones-on-gold-and-silver.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-939238002064317291Wed, 07 May 2008 18:19:00 +00002008-05-07T16:40:47.333-05:00Silver is generating some good price signals: Besides making what is probably a double bottom to this reaction, the right hand bottom is lower than the left hand bottom. Good, a stronger last shake out of the weak longs hopefully. On top of this, the right hand bottom made a 2b end of downward trend signal. This would apply to the short about 3 week down trend that just happened. The silver http://goldprice.org/bob/2008/05/good-silver-price-signal.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-7629074379082094491Tue, 29 Apr 2008 23:33:00 +00002008-04-30T11:08:19.851-05:00Right now the Amex's HUI index of 30 gold/silver stocks is looking good for buying. By the end of this week, things can be looking a lot brighter with the HUI and gold and silver. The final shake out of the **week** longs (the traders / speculators, those that do not get fundamentally what is happening) should be finished. Only some tiny percent of people can go against the crowd. That is one http://goldprice.org/bob/2008/04/hui-is-looking-good.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-2629637516307181689Mon, 28 Apr 2008 12:53:00 +00002008-04-28T09:27:54.895-05:00Gold and silver prices could be putting in double bottoms for this temporary reaction / correction. Ideally, the second bottom on a double bottom should be slightly lower than the first, for an extra strong shake out of the weak longs. We should know whether gold and silver prices are finalizing their bottoms in short order.http://goldprice.org/bob/2008/04/gold-double-bottom.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-1580261791163636898Sun, 27 Apr 2008 20:04:00 +00002008-04-27T21:03:56.272-05:00The world's financial system is in the process of breaking because there was too much fraud built into it, particularly since 1913 (start of the Fed) and even more since 1971 (Bretton Woods US government renunciation of its promise to redeem dollars for gold) and big time fraud can not last for ever. Maybe we will see silver certificates again. Definitely private ones if currency competition is http://goldprice.org/bob/2008/04/silver-certificate.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-8225762003643875840Wed, 23 Apr 2008 06:18:00 +00002008-04-23T08:18:05.253-05:00Reminder on silver price timing: The beginning of May, about 7 - 9 days from now, has good odds of being a significant point in time for the silver price.http://goldprice.org/bob/2008/04/silver-price-timing.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-5876712922172289161Mon, 21 Apr 2008 05:12:00 +00002008-04-21T06:54:49.085-05:00This is one heck of a golden bull market in gold and silver. Since there is a down side to higher gold and silver prices, the increasing steepness of the slope of gold and silver prices is on the unnerving side. Unnerving as in Great Depression unnerving. It's definately feasable to have a Great Depression with hyper inflation happening at the same time. In some countries, particularly http://goldprice.org/bob/2008/04/golden-bull-market.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-7480105172177324725Wed, 16 Apr 2008 14:57:00 +00002008-04-16T10:18:09.144-05:00Some miscellaneous gold related tidbits while we are waiting for gold to punch up through USD 1,000. Maybe "they" are worried about bank runs Tidbit from The Privateer: "What Are "They" So Worried About?: Here "they" are again! The Privateer has reported on this one before, and now the issue has revived. In Australia's splendid capital city of Canberra, the proposal that the http://goldprice.org/bob/2008/04/gold-tidbits.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-2091162321464396197Tue, 15 Apr 2008 13:58:00 +00002008-04-15T11:10:58.468-05:00In Spanish, and by extension Mexico, plata means both money and silver. Mexico may value silver more than people in other locations in the Western hemisphere. www.plata.com.mx Hugo Salinas Price has been trying for years to "monetize" the Libertad silver ounce. It seems the movement is not going away anytime soon. Makes sense considering the state of the world's financial system http://goldprice.org/bob/2008/04/plata-and-mexico.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-104859982246093938Mon, 14 Apr 2008 15:21:00 +00002008-04-14T10:34:33.366-05:00The combination of the US Treasury and the Fed are going to cause outrageously high US dollar silver and gold prices if human nature, power lust and history is any guide. Alex Wallenwein has written on the Fed's new desires from the US federal government since it has been selling assets on its balance sheet and is getting low on assets, or close to broke/bankrupt. "Who will bail out the FED? http://goldprice.org/bob/2008/04/fed-will-cause-outrageously-high-silver.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-7678338087086925317Fri, 11 Apr 2008 11:23:00 +00002008-04-14T10:37:09.999-05:00German Mark prices of Silver and Gold went from: Silver 12 / Gold 170 in January 1919 to Silver 543,750,000,000 / Gold 87,000,000,000,000 in Nov. 30, 1923. (The numbers were taken from an article at Le Metropole Cafe a number of years ago.) The biggest gains were in the last year of that period. The complete set of numbers can be seen at an older post in this column at Wiemar, Germany Gold http://goldprice.org/bob/2008/04/wiemer-germany-gold-and-silver-prices.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-6309168373905867995Wed, 09 Apr 2008 19:22:00 +00002008-04-10T22:34:37.439-05:00Wednesday produced a bullish outside day in gold and an almost one in silver. IMF puts cost of credit crisis at $945bn http://www.ft.com/cms/s/0/ea2e6568-0594-11dd-a9e0-0000779fd2ac.html [If the IMF is putting the cost at just below 1 trillion dollars, it will probably be more like in the tens and tens of trillions. They could not see the problem untill recently http://goldprice.org/bob/2008/04/bullish-outside-days-in-gold-and-silver.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-6731247425214022868Mon, 07 Apr 2008 12:12:00 +00002008-04-08T09:16:35.249-05:00Shadowstats.com updated their reconstructed M3 supply of US dollars on April 5th. It is growing at an annualized rate of just under 18%: http://www.shadowstats.com/alternate_data Nowandfutures.com's latest reconstructed M3 growth rate of supply of US dollars is about 19 1/2%: The Fed stopped publishing the numbers early 2006. They must have known how bad they would be making the growth rate. http://goldprice.org/bob/2008/04/m3-and-mzm-and-gold-price.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-2980791746039195216Fri, 04 Apr 2008 13:24:00 +00002008-04-05T08:17:15.544-05:00Gold and silver are at odds with the Federal Reserve. The Ludwig von Mises Institute explains the nature of banking in the video: Money, Banking and the Federal Reserve It is not a short down load, but if you get through it, you will understand just ** how ** the Fed and US Treasury will steal huge amounts, trillions of dollars worth, of value stored in USD and many USD denominated http://goldprice.org/bob/2008/04/gold-and-federal-reserve.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-8989324786597901505Wed, 02 Apr 2008 12:26:00 +00002008-04-02T08:44:05.502-05:00The silver price is trying real hard to bottom here: It gapped down. That gap down will be closed/filled. Plus it made a hammer: intraday, in NY, it opened high, went low, and then made a comeback. The hammer is not perfect but basically, the open, the intraday high, and the close were all up there right around each other. Jim Sinclair http://jsmineset.com/ yesterday due to the huge http://goldprice.org/bob/2008/04/good-silver-price-action-part-2.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-5778604412154062574Mon, 31 Mar 2008 21:39:00 +00002008-03-31T17:50:36.097-05:00There was good silver price action today in the futures market. Last Tuesday, silver gapped up in price from Monday. Usually this gap would be closed (prices would come back down to the bottom of the gap). That gap got closed today on this futures chart. Much, much, much higher USD silver and gold prices will be brought to you courtesy of the Federal Reserve's banana republic rate of http://goldprice.org/bob/2008/03/good-silver-price-action.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-8672823012955996917Fri, 28 Mar 2008 12:00:00 +00002008-03-28T07:32:59.107-05:00Alan Greenspan's essay, "Gold and Economic Freedom," was published in Ayn Rand's "Objectivist" newsletter in 1966, and reprinted in her book, Capitalism: The Unknown Ideal, in 1967. Gold and Economic Freedom An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense - perhaps more clearly and subtly than many http://goldprice.org/bob/2008/03/greenspan-knows-gold.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-3126393824937033963Tue, 25 Mar 2008 12:39:00 +00002008-03-27T07:51:10.957-05:00It looks like the silver price has bottomed right around here: Silver put in a double top. The first top in the first week of March. The second top in the second week of March. Then, silver went down 4 days in a row, gapping down on the last day. It is now into a good support level around 17. The odds are really good that silver's move to the down side is basically over. http://http://goldprice.org/bob/2008/03/silver-price-bottom.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-3298312899496218150Mon, 24 Mar 2008 13:10:00 +00002008-03-27T09:16:36.615-05:00Another reason for higher gold and silver prices is that The Fed and Bernanke are "just throwing the dollar out the window". Jim Rogers started the Quantum Fund with George Soros. It is famous for average annual returns of 30+% over 25/30 years. Jim is outraged over what The Fed is doing: "I think the Fed should be abolished ... this one [the States have had two others] will go out of businesshttp://goldprice.org/bob/2008/03/another-reason-for-higher-gold-and_24.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-508559925415517882Sun, 16 Mar 2008 13:36:00 +00002008-03-17T04:58:25.204-05:00The Fed's Z-1- or "flow of funds" - report (plus stupid government rigged stats) are another reason for higher gold and silver prices, much much much higher. Total US credit: up a record $US 3.998 trillion (8.9%) from a year ago to $US 48.808 trillion. US GDP: about $US 13.2 trillion. US economy debt load: 370% of annual GDP. $3.998 trillion of $US 13.2 trillion GDP was new credit, not the http://goldprice.org/bob/2008/03/another-reason-for-higher-gold-and_16.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-25045614328888188Sun, 09 Mar 2008 11:15:00 +00002008-03-11T11:52:52.042-05:00If a bank is having a problem, they can go to the "Discount Window" at The Fed, (The NY Fed) a central bank, and get a high priced loan. Other central banks can work similarly. People can see the bank do that. It's not all that private or mostly secret. Not good for the bank's reputation. So, a little while ago, The Fed set up a TAF (Term Auction Facility) which is largely secret, and low http://goldprice.org/bob/2008/03/central-banks.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-8009035598830523612Fri, 07 Mar 2008 12:29:00 +00002008-03-07T08:10:57.385-05:00Below is a major reason for higher gold, silver and precious metal share prices to go a lot higher. The parties on Wall Street, High Street and other Streets in the English speaking/western world are over. The usual/regular shares, notes and bonds are heading down as selling of them increases. There has simply been too much build up of fraud and debt in the financial system. The Piper is http://goldprice.org/bob/2008/03/another-reason-for-higher-gold-and.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-1502363425793544818Thu, 06 Mar 2008 13:50:00 +00002008-03-06T11:15:39.479-05:00The first business day of March, silver puts in a ** 10th ** up day in a row. Then the next day both gold and silver had good down days. Then the next day, **BAM **, outside reversal days to the upside for both gold and silver. Screamingly bullish, in your face to the anti-gold cartel, price action. Here is how they look on futures charts: A fun http://goldprice.org/bob/2008/03/gold-and-silver-outside-reversals-days.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-1669620828608523373Wed, 05 Mar 2008 15:18:00 +00002008-03-05T11:55:09.968-05:00Below are 3 silver price charts as of the end of February. (Click on charts to enlarge) A 9 year chart: Silver made it up and out of the bull market's overall channel. Silver is soooooooooooo cheap, even now, expect surprises on the upside. A 2 year chart: This chart just shows silver breaking out of its 2nd triangular flag pattern. You should be able to visualize the flag in this chart,http://goldprice.org/bob/2008/03/silver-price-charts.htmlnoreply@blogger.com (Bob)tag:blogger.com,1999:blog-8958500.post-4089633157959282015Wed, 27 Feb 2008 11:43:00 +00002008-02-27T10:21:13.715-05:00The US dollar index broke below 75: A one year chart of the US dollar A 5 day chart of the US dollar Some are in despair but should have seen it coming. "Gold is probably one of the most misunderstood investments of our time and I think that is by design. You see the popular misconception about gold is that it is a commodity and it is extremely risky. ... No country can remain great, http://goldprice.org/bob/2008/02/us-dollar-index.htmlnoreply@blogger.com (Bob)