tag:blogger.com,1999:blog-8958500Thu, 11 Mar 2010 11:48:47 +0000Observations on the market action and the implications of the gold and silver markets.http://goldprice.org/bob/noreply@blogger.com (goldprice)Blogger365125tag:blogger.com,1999:blog-8958500.post-8318077498310360280Thu, 11 Mar 2010 11:05:00 +00002010-03-11T06:48:47.445-05:00It looks like what is developing with the gold chart is an upside down head and shoulders pattern.But, a smaller one within a larger one. All bullish!* * * * * The powers that be are worried that a big chunk of bond market participants/players are starting to worry if government debt (US Treasuries for an example) are not really a "safe haven" any more.". . . Moreover, the global economy has http://goldprice.org/bob/2010/03/gold-head-and-shoulders-pattern.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-5436289659092612609Tue, 09 Mar 2010 21:10:00 +00002010-03-09T16:12:07.427-05:0011/9/09 Peter Schiff on Fox Business: $5000 for Gold, or Even Much Higher!OK!!! That Schiff video got removed from YouTube real fast like. I guess the powers that be do not want people getting turned onto gold and silver. It's hard for governments to steal stored value when the value is stored in gold and silver in people's own hands. It's easy for governments to steal people's value when it's http://goldprice.org/bob/2010/03/peter-schiff-can-see-5000-gold-or_09.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-2304741279204232460Wed, 03 Mar 2010 16:39:00 +00002010-03-04T11:13:12.350-05:00The gold chart is looking quite bullish right now:Gold broke up out of a bullish downward sloping triangle. Bull markets make higher highs and higher lows. Then it gapped up in price and then prices came back down till the gap got closed. A finished job which happened to end in a bullish outside reversal day. Then it was up from there.Additionally, a bullish upside down head and shoulders patternhttp://goldprice.org/bob/2010/03/bullish-gold-chart.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-5508895362959243644Fri, 26 Feb 2010 15:25:00 +00002010-02-27T07:41:24.114-05:00On Thursday, the gold price finished going down to close the gap up it made last Tuesday, and made an outside reversal day.This is very positive for the gold price.A Tango 2 Learn From...Argentine Currency Crisis 2001 – Review and Reflection...http://goldprice.org/bob/2010/02/good-technicals-for-gold.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-198499398972534477Tue, 16 Feb 2010 17:40:00 +00002010-02-17T06:29:34.809-05:00Tidbits to show the insanity of the US government's debt and dollar creation madness. This should be scaring the bejeesus out of people, pushing them into gold and silver. Still, too many remain clueless.On January 28, the US Senate approved by a 60-39 vote a bill to increase the debt "limit" of the US Treasury by $US 1.9 TRILLION to $US 14.294 TRILLION.In 1985, the whole debt was $1.9 trillion. http://goldprice.org/bob/2010/02/staggering-debt-and-dollar-creation.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-310151517803926681Wed, 03 Feb 2010 09:51:00 +00002010-02-03T04:52:41.696-05:00Saudis drop WTI oil contractBy Javier Blas in LondonPublished: October 28 2009Saudi Arabia on Wednesday decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange.The decision by the world’s biggest oil exporter could encourage other producers to abandon the benchmark and threatens the http://goldprice.org/bob/2010/02/misc-dollar-and-gold-news-from-past.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-3301232385912257490Tue, 02 Feb 2010 20:52:00 +00002010-02-04T05:59:54.386-05:00It looks like a double bottom for this correction in gold (the right hand bottom being a final shake out of the weak longs).Yes, it went a tad/hair below it's initial correction hesitation but people are now, after 5-10 years, starting to get reality. The US government is going to go crazy spending (creating out of thin air via the combination of the US Treasury and the Fed) huge amounts of http://goldprice.org/bob/2010/02/double-bottom-for-gold.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-7072544742467523050Thu, 24 Dec 2009 10:10:00 +00002009-12-24T12:49:18.698-05:00John Embry of Spott Asset Management writes as to why there is no bubble in gold: "Today, the western central banks are discovering . . . that the manipulation of the free market process ultimately fails"Gold bull has many years, thousands of dollars to go"...For at least the past 15 years,Western central banks havebeen flooding the market withmassive quantities of gold, pri-marily by leasinghttp://goldprice.org/bob/2009/12/there-is-no-gold-bubble.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-8078109535284766014Wed, 23 Dec 2009 11:56:00 +00002009-12-23T08:40:07.577-05:00The US dollar generally acts inversely To gold and silver, and it sure as heck is not going up other than the occasional bear market rally like right now. There is a lot more to go on the down side.This generally holds true for any other governments that are devaluing their fiat tokens; thus the price of gold and silver is going up on most other government fiat tokens also, since the ten year oldhttp://goldprice.org/bob/2009/12/us-dollar-generally-acts-inversely-to.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-3836758147675516592Thu, 17 Dec 2009 10:50:00 +00002009-12-17T09:13:54.207-05:00Governments are going bankrupt. Bets and debt are being called, probably US dollar denominated. Thus a demand for dollars. The US dollar is going up BUT gold goes up, too. Gold, silver, atoms, stuff are being more highly valued than paper or digital financial instruments, particularly more than government fiat (order) tokens. More and more people are realizing that real safety, insurance lie in http://goldprice.org/bob/2009/12/us-dollar-goes-up-and-gold-goes-up-too.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-1975050690899953771Wed, 16 Dec 2009 20:48:00 +00002009-12-16T15:57:32.999-05:00Nothing says that gold can not go lower here but it sure is looking bullish. The shares (equities) are suggesting the same thing.Jim Rogers in a December 10 interview:He says he likes silver better than gold, that central banks have turned from sellers to buyers, and, that there is no bubble here in gold.Gold is trading nothing like it has in all the years since the bull market in gold began. http://goldprice.org/bob/2009/12/gold-is-looking-bullish.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-328873759584151419Thu, 10 Dec 2009 22:19:00 +00002009-12-10T18:23:17.168-05:00The AMEX's HUI (gold bug index) is suggesting that gold is near its low for this pull back.First, here's the big picture:About 2 years ago, people were buying gold/silver shares as the HUI approached 500-525. Then the HUI took a big plunge down to around 150. What percent of people involved in this huge plunge were not vowing to get the heck out when the HUI made it back to break even? Not many. http://goldprice.org/bob/2009/12/hui-and-gold.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-3747262773195843336Wed, 09 Dec 2009 08:25:00 +00002009-12-09T04:50:07.775-05:00Gold is correcting/reacting to the small rise in the US dollar. Also, gold got up near the top of the two parallel lines that form a channel. Big deal. To be expected. Bull markets in gold and silver do not go straight up. Bull markets make higher highs and higher lows. The head and shoulders formation of gold's over one year long deep correction say that gold is going to $1,300 at least, http://goldprice.org/bob/2009/12/gold-us-dollar-celente.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-8757329709741693693Fri, 04 Dec 2009 11:41:00 +00002009-12-04T20:13:14.699-05:00There are inflation adjusted gold prices and nominal gold prices.If nothing changes in a residential neighborhood in the US over 10 years and the price of a house doubles in 10 years, it is not because the value of the house increased. The value of the house stayed the same. The doubling of the price (in the US) is due to the US dollar decreasing by 50%. So, the inflation adjusted price of the http://goldprice.org/bob/2009/12/what-is-reality-two-gold-prices_04.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-6317841272132806777Wed, 02 Dec 2009 21:11:00 +00002009-12-02T16:13:48.931-05:00The only point for any government to have a central bank is for looting the ignorant, the clueless. Now a days in the US at least, that includes the middle class, which will virtually disappear as well as a significant percent of the wealthy. President Andrew Jackson knew this and accomplished the closing of the second central bank that the US had. It had a much shorter life than the current [Thehttp://goldprice.org/bob/2009/12/gold-silver-and-fed.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-7033696399353370596Sat, 28 Nov 2009 11:51:00 +00002009-11-28T07:30:54.848-05:00Gold, over a good number of decades, has beat US Treasuries of any maturity handily. No contest. US Treasuries are something "safe" that people run to when they feel threatened. I guess they do not do facts. One of these days, that is all going to change.Actually the real negative rate is a lot lower since the CPI (consumer price index) is rigged to be unrealistically low. "With the exception http://goldprice.org/bob/2009/11/gold-vs-us-treausry-bills.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-6362273026102083338Thu, 26 Nov 2009 19:52:00 +00002009-11-26T15:06:43.645-05:00Gold is going up. The US dollar is going down. Gee, wonder why. Not that gold can not move to the upside on its own.Amazingly, the air head Muppets on CNBC are taking Ron Paul seriously all of a sudden. Could it have been the relentless rise of gold over the last month that has forced them to make an about face, 180 degree turn from ignoring gold so that they won't be consider stupid or out of http://goldprice.org/bob/2009/11/gold-and-us-dollar.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-1183849033068270565Tue, 24 Nov 2009 16:59:00 +00002009-11-24T12:19:01.862-05:00Peter Schiff on his end of the week wrap up last Friday comments on gold, Geithner, Roubini, the Fed, the federal government continuing the conditions that enabled bad housing loans to be made. To do this, the financially broke federal government has to borrow more dollars where ever it can get them from. Right now it is mostly from the Fed which created them out of thin air. To do this, though, http://goldprice.org/bob/2009/11/peter-schiff-on-gold-geithner-roubini.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-6213004990801228223Sat, 21 Nov 2009 16:08:00 +00002009-11-24T11:58:16.212-05:00Bill Murphy, Chairman of GATA, clues people into some of the fundamentals of the gold bull market that is underway.Amazingly, this interview is on Bloomberg (the mass media)! The boyz/cartel must be properly positioned to make it on the upside now. Bernie Lo in Hongkong interviews Bill Murphy in Dallas, Texas.The sound is low. If you plug ear phones into your machine, you can hear it better. The http://goldprice.org/bob/2009/11/murphy-explains-some-fundamentals-of.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-8523083132142528577Sat, 21 Nov 2009 11:48:00 +00002009-11-21T13:47:55.023-05:00Here is organized crime at work:Here is more organized crime at work:Greenspan knew better. He used to hang out with Ayn Rand's crowd and was in business for himself although that one went down the tubes. He got the El Hefe job at the Fed just in time. Just another guy that went over to the "dark side". All Ben, the current puppet, knows is the world of academia. He has no business, banking, or http://goldprice.org/bob/2009/11/gold-and-silver-protection-from-racket.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-6258310620848464921Sat, 21 Nov 2009 01:33:00 +00002009-11-20T21:12:33.791-05:00The gold price and the silver price are going gang busters to the upside surprising most people, and still people are having a hard time believing there is anything sustainable about these moves to the upside in gold and silver. So be it. You can lead a horse to water but you can not make the horse drink the water.Gold made an all time New York daily closing USD high.Gold also made an all time http://goldprice.org/bob/2009/11/new-all-time-gold-high.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-2490496120067895479Sun, 08 Nov 2009 13:40:00 +00002009-11-08T08:44:36.680-05:00US bonds have been going up at a good rate since the early 1980s. This can not last much longer considering the number of USD being created out of thin air, which means an equal amount of debt is being created for each USD. This, when the problem is too much debt in the system to begin with. Nutty, crazy, incredibly irresponsible action! Why would the price of bonds keep going up as the US http://goldprice.org/bob/2009/11/gold-silver-and-us-treasuries.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-7278597207956605372Fri, 06 Nov 2009 11:15:00 +00002009-11-07T23:12:30.987-05:00The economic/financial "shake, rattle and roll" is about 2 years old and is continuing. There are no green shoots. Those with decent stashes of gold and silver will feel less of it than those who are not prepared, which if current investor sentiment is any guide, most are not.In 2007 global investments were about 200 trillion dollars worth. Now that may be down to 150 or even 100 trillion dollarshttp://goldprice.org/bob/2009/11/gold-celente-whats-happening.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-1455945087817357704Wed, 04 Nov 2009 16:11:00 +00002009-11-04T11:12:40.254-05:00The HUI gold bugs index of gold and silver related shares could very well be around 640 in 6 months:There is no real telling how high gold can run up, but it has huge room to run. Expect really big volatility as gold runs up. Big moves both ways, up and down. This applies to silver, too. "Be right. Sit tight."- The great Jesse Livermorehttp://goldprice.org/bob/2009/11/hui-index-and-gold-possibilities.htmlnoreply@blogger.com (Bob)0tag:blogger.com,1999:blog-8958500.post-1161368904317985973Tue, 03 Nov 2009 14:17:00 +00002009-11-03T09:18:52.304-05:00Mike Maloney - Gold should reach $15,000/oz!Here is the youtube.com link to see and hear Maloney explaining why.At the moment, gold has a USD price over $1,000. Silver has a USD price under $20.Here's the thing. It could be that the US Treasury has been leasing gold to other parties that in turn sell it for USD to invest in something else. If true, this could help explain part of the reason that http://goldprice.org/bob/2009/11/silver-could-end-up-being-priced-as.htmlnoreply@blogger.com (Bob)0