Precious Metals

[sunseeker]

Six of one-----------------
Gold Market Positioned for Massive Upside Move
http://goldswitzerland.com/index.php/vongreyerz-gold-market-positioned-for-massive-upside-move/

….central bank balance sheets are expanding at a dangerous rate and this is a recipe for an explosion in gold and silver prices.

-------------and Half a dozen of the other.

Paul Volcker supports gold suppression........

http://news.goldseek.com/GATA/1327609056.php

BUT
The energy you put into suppressing only serves to store up energy for an opposite reaction (violent if you suddenly loose control).
 
               


You cannae change the laws of physics
If you try it'll only turn around and bite you on the A$$.

ATB 

[sunseeker]

Link courtesy of  Bix Weir http://www.roadtoroota.com

January American Silver Eagles.......

http://www.usmint.gov/mint_programs/american_eagles/?action=sales&year=2012

+6 million ounces purchased. 







ATB 

[MetalMeister]

http://www.goldmoney.com/gold-research/alasdair-macleod/gold-and-silver-price-shakeout.html?gmrefcode=dollarc

[Beginner]

 

This is the year of the Obama.  Everything is rigged.  Everything is being done to have him re-elected.  Obama is the golden boy.  The stock market is being manipulated upward, the price of gold is being manipulated downward, Romney is doing his best to lose so Obama can win, even Ron Paul and Santorum are indirectly assisting the Democrats by dividing the vote.

Then, once Obama is re-elected, then the true economics will emerge and gold will rise again.  Maybe Jeffe Macke is right and it is a good time to sell gold.  Who knows?  Without my crystal ball I'm lost!

=========================
 

Your Last Chance to Sell Gold: Suttmeier

By Jeff Macke

Unless you owned defensive stocks, 2012 has been an equal opportunity rally. Tech stocks, financials, cyclical names... just about any asset class that isn't defensive has seen a sharp move higher this year. Both supporting and belying this observation is the price action in gold, typically a safe-haven asset that's risen 10% so far in 2012.

"We did have a bubble in gold, the bubble popped and we're now trying to reflate," says Richard Suttmeir of valuengine.com in the attached clip. He says that the recent upward trend isn't as much a return to gold's past glories but rather a bounce to be sold. For Suttmeier the end of gold's rally is neigh. He puts the monthly resistance level at $1,836, a relatively minor 6% above current levels, and says a return to levels over $1,900 are a thing of the past.

Naturally gold bugs would disagree, pointing to seemingly endless dollar printing by our government and troubles in Europe as reasons gold will never go out of style as a safe haven. In addition, despite gold's extended pause, the barbaric metal long-term uptrend support held beautifully towards the end of last year.

None of which is enough to convince Suttmeier to rethink his position. As he sees it, the dollar is going to continue to move higher, almost despite the best efforts of the Fed as there's simply no where else for global investors to go.

It's the "best house in a lousy neighborhood" theory of currency investing. If Suttmeier is right, a strong dollar will buy investors more gold, holding down the price of the precious metal and other commodities.

We want to know what you think. Is gold even worth thinking about as an investment or just a curiosity left over on your quote screen from a year ago? Tell us in the space below or Tweet me @Jeffmacke

[sidewinder]

Sounds like you got one Beginner!

[sunseeker]

Bix Weir.......

Bank Participation Report from the CFTC. As of February 7, 2012 there are now 4 US Banks that hold the silver short hot potato!

http://www.cftc.gov/dea/bank/deaFeb12f.htm

That's right. The number 4 now sits in front of the US Bank silver position. Previously there was no number as Ted Butler's brilliant research forced JP Morgan to demand that the CFTC change the reporting rules and remove the number if it was less than four banks. For for the past 3 years the number of banks on the Participation Report has been left blank until the latest report.
 
The net short is now down to 20,840 contracts or 104M ounces but JP Morgan and friends have now spread out the manipulation between friends. Interestingly, if you divide this number by four you arrive in the vicinity of where the new position limits rule kicks in!
 
Does this mean that we are on the threshold of the CFTC finally announcing that they have defined the word "SWAP" and we can start the 60 day window for the Implementation of Position Limits?
 
I think so. Watch for an announcement coming from the CFTC after the March contract is closed out at the end of the month...
 
and March is a silver delivery month :-)
 
Exciting stuff these days in the silver world!
 

ATB 

[MetalMeister]

I called Bix Weir out for that article, on another website, as misleading investors.

no real response or defense yet.

[Beginner]

http://us.mg4.mail.yahoo.com/neo/launch?.rand=d2cl2atqu68ek
 

NIA is very pleased that its latest gold stock suggestion Mega Precious Metals (TSX Venture: MGP) has been one of the world's best performing gold stocks so far in 2012. MGP finished 2011 at $0.44 per share and reached a high this past Tuesday of $0.75 for a gain of 70% so far in 2012. MGP closed Friday at $0.69 for a gain of 86% since NIA announced MGP as its latest gold stock suggestion on May 18th at $0.37. Shockingly, the average small-cap gold stock based on the ETF "GDXJ" is down 21% since May 18th. For NIA's latest gold stock suggestion to by up 86% while the average small-cap gold stock is down 21% in the same time period is simply amazing and unbelievable!

What if NIA were no longer pump and dump, as suggested by a Peter Schiff video (cerca 2009) when he mentioned that Jonathan Lebed was involved with NIA.  The NIA page is quite informative about inflation.  And the stocks they recommend seem to go up (pump) but so far have not seen any dump. Peter Schiff said the NIA page was so interesting because they were stealing all his economic and inflation ideas.

Which leaves us with a gold stock recommendation.  It all depends how many followers NIA has whether they can pump a stock like this small cap gold stock, Mega Precious Metals.  It has already risen 86%.

Myself, I'm not ready to take the plunge just yet.  Will just keep watching.

[MetalMeister]

My current rule of thumb in mining stocks is:

1.  Are they significantly undervalued?

2.  Do they have the goods?

3.  Are they a near term producer?

All the questions must have yes as the answer, otherwise, I do not buy.

[sunseeker]

If Gold Could Talk...
http://www.caseyresearch.com/articles/if-gold-could-talk

Ben Graham’s Curse on Gold (and probably why his disciple Warren Buffett believes gold has no place).
http://www.caseyresearch.com/articles/ben-graham-s-curse-gold?

But this missing asset class is entirely understandable: for most of Graham's adult life and the most important years of his career, ownership of more than a small amount of gold was outlawed. Banned for private ownership by FDR in 1933, it wasn't re-legalized until late 1974. Graham passed away in 1976; he thus never lived through a period in which gold was unmistakably a better investment than either stocks or bonds.

All of which makes us wonder: if Graham had lived to witness the two great bull markets in precious metals during the last 40 years, would he have updated his allocation models to include gold?

ATB 

[sidewinder]

Ben Graham’s Curse on Gold (and probably why his disciple Warren Buffett believes gold has no place).
http://www.caseyresearch.com/articles/ben-graham-s-curse-gold?

When I first started reading the above I went ... WTF . the guy died in the 50's of course he didn't think about gold it was illegal to own it most of his life.  That's a great example eh.  "Ben Graham said golds no good"!!!!   Yeah, nice  err ... pass me another beer will ya.

Gold just makes you feel better .. more you got the better you feel......  When the time comes and you need it there is no substitute.  Until then it really is just another commodity and will fluctuate just as all the others.  Everybody should have some but putting everything in it is well .. just nutty.

[sunseeker]

Ben Graham’s Curse on Gold (and probably why his disciple Warren Buffett believes gold has no place).
http://www.caseyresearch.com/articles/ben-graham-s-curse-gold?

When I first started reading the above I went ... WTF . the guy died in the 50's of course he didn't think about gold it was illegal to own it most of his life.  That's a great example eh.  "Ben Graham said golds no good"!!!!   Yeah, nice  err ... pass me another beer will ya.

Gold just makes you feel better .. more you got the better you feel......  When the time comes and you need it there is no substitute.  Until then it really is just another commodity and will fluctuate just as all the others.  Everybody should have some but putting everything in it is well .. just nutty.

The point being is that Warren Buffett is just (blindly) following his mentor and gold is an asset class which is now available and should no longer be dismissed.

I will agree that you only need so much insurance. How much varies from one individual to another.
 
I keep getting phone calls and mail about claiming back mis-sold insurance provided on the whole by the banks.
 Quite frankly I'm sick of receiving it.

I've never had it and I've never needed it.
Listening to some peoples experiences......
 If I'd have had it and I'd have needed it I doubt that I'd have benefited from it anyway.
Even those who's claims are successful loose much of their gain to those companies who wish to represent you.
Gold is insurance everyone should have, and it's the one insurance that you won't be mis-sold.
E.g. Better than relying on a dodgy financial product backed by a dodgy financial system. 

ATB 

[MetalMeister]

I know lots of people who are 100% (almost) in PMs.

They are sitting on 250% gains since 2008.

Some of them even sold this past year and then got in again at much lower prices...

Nuts!

 

[sidewinder]

I know lots of people who are 100% (almost) in PMs.

They are sitting on 250% gains since 2008.

Some of them even sold this past year and then got in again at much lower prices...

Nuts!

 

You know me M, nothing wrong with trading.....   Going "all in" on anything has never been a good idea.  Yea you can make a pile O dough.  But one day you're a Hero then suddenly you can be a Zero.    Like I said Nuts.

[MetalMeister]

Yes, I think foolish.

The biggest problem with that scenario is if the PM prices are able to be manipulated down to 2008 lowest prices again.

I contend that is the Commercials are able to manipulate then they can take the price wherever they want it until the COMEX is no longer the definer of PM price and the physical product is.

I like diversifying into farmland, a few miners, ETFs, and oil, myself.  But I am mostly PMs.