Gold Coin Sales Skyrocket, Contrasting Sharply With Massive Selling In 'Paper Market' [View article]
I am not sure that sales of physical gold by coin and bullion dealers is of any great significance other than it demonstrates that the retail buyer is overly interested. That, by itself, is not going to ignite the gold market and may even be a bad sign. However, if the big ETF players were to become as interested in the physical as the retail investor then we would have a whole new ball game.
It is my understanding is that is not so easy to redeems one's paper gold for the real thing. So, the current selling frenzy by the big ETF holders would make sense if it was for the purpose liquidating paper gold assets in favor of obtaining the real gold and by driving the price down, get it at a lower price.
If such a supposition were true, a rush by the big boys to obtain physical gold would get the public's attention, and in a big way. The demand could be like nothing we have ever seen. So, is that scenario just a faint hope or a possibility that could be considered seriously?
James River Coal: Assessing The Risk Of Bankruptcy [View article]
Very nice article. I would love to take a chance on JRCC but have been burned in the past on these kinds of near death companies and it hasn't worked out well. For a coal play, ACI and ANR are far safer bets.
Stephen: I like your prognosis. The bigger picture here is that the stock market, after it's sell off, will likely shift it's focus to commodities. I suspect we may get a rebound in gold that may be quite intense but will it be lasting? I haven't got a clue concerning the longer term outlook for gold.
Thanks, Tom, it's getting so that we don't know who to believe. I mean, anyone can sit down at a keyboard and write anything they want and truth has become an elusive target. It's made worse by the fact that our own governments are being caught red-handed lying to us. (think Bush and his bare-faced lies concerning the reasons for invading Iraq)
Doug: I was asking a legitimate question and thanks for the answer but I am more interested in what Tom may know about the rumors concerning the so called naked shorting. I don't consider you to be as qualified as he is to answer my query.
Gold slides again with yesterday's bounce now near-erased, off 1% at $1,373/oz. Silver tumbles 2.2% to $23.12. GLD is actually a bit higher premarket thanks to gold being above the level it stood at the 4 PM close of stock trading. SLV -1.2% premarket. [View news story]
So, the retail investor is still dying to get their hands on gold and silver. I am not so sure that should be taken as a positive sign.
Interesting: Sorry, but the report on insider trading tells us that Mr Sprott himself, classed as an insider, sold nearly 4.5 million units of the Sprott Physical Silver Trust during the three weeks prior to the recent collapse. Those are the facts and there is no concrete evidence that he plowed any of that money into the miners. Give your head a shake a believe the facts, not conjecture about why he may have sold. Here is a link that you can study to your heart's content : (http://bit.ly/ZwEwXW) You will probably have to register...it's free.
Don't Get Caught Up In Panic Selling And Capitulation In Precious Metals [View article]
I am puzzled. If real shortages of physical gold and silver exist, why are the miners not stepping up to the plate and why are they not getting more money for their product? Isn't that how supply and demand works....Shortages = Higher prices?
The mining execs would have to be imbeciles not to exploiting any real "shortage".
The author has made a valid observation. The 92.3 and 96.2 percent success rates are impressive and should not be ignored. Most analysts would be hard pressed to get it right 50% of the time. I have noted that low AAII bullish percentages frequently precede pullbacks that are not of a lasting nature.
Gold And Silver - Not As Precious As Last Week [View article]
It should be quite obvious now that gold ran up to $1900 in anticipation of current rampant currency debasement. Now that it's happening in a big way, gold sells off. We should have seen this scam for what it was: a massive con job!
AVI: Well, today we blew through your long time target of 141-142 before the market even opened! Then we were through your buy stop (just below 136) before I had my first sip of coffee and was knocking on the 131 level before finally finding a bit of support. I don't know how you missed that number given that you had nailed all those those other 'support' numbers with that Fibonacci thing that you do.
Okay, now you have targeted the 127 level as the next level... of what? Support or turn around? You weren't clear on that. (hope it isn't another 'support' number cause they haven't worked out so hot) You were just talking about the 158 level a short while back, so I hope things turn out better with this new 127 number.
I see a number of commentators are quite impressed with your calls so they either have rocks in their heads or they are somehow making a ton of money following your sage advice and that neat Fibonacci system. I figure I must be missing something that your not saying in here on SA. Do you have a newsletter where you might be providing other readers with more elaborate calls so that they can make some winning trades? If so, how much does it cost and where is the website so I can sign up? Thanks in advance.
Gold Coin Sales Skyrocket, Contrasting Sharply With Massive Selling In 'Paper Market' [View article]
It is my understanding is that is not so easy to redeems one's paper gold for the real thing. So, the current selling frenzy by the big ETF holders would make sense if it was for the purpose liquidating paper gold assets in favor of obtaining the real gold and by driving the price down, get it at a lower price.
If such a supposition were true, a rush by the big boys to obtain physical gold would get the public's attention, and in a big way. The demand could be like nothing we have ever seen. So, is that scenario just a faint hope or a possibility that could be considered seriously?
James River Coal: Assessing The Risk Of Bankruptcy [View article]
Gold: Where Are We Now? [View article]
Gold: Where Are We Now? [View article]
Going Long On Arch Coal [View article]
Gold: Where Are We Now? [View article]
Gold: Where Are We Now? [View article]
Gold And Principles Of Investing 101 [View article]
Is Gold's 12-Year Bull Run Finally Over? [View article]
Gold slides again with yesterday's bounce now near-erased, off 1% at $1,373/oz. Silver tumbles 2.2% to $23.12. GLD is actually a bit higher premarket thanks to gold being above the level it stood at the 4 PM close of stock trading. SLV -1.2% premarket. [View news story]
Gold Nosedives Below $1,500 As ETF Holdings Free Fall, Fueling Panic Selling [View article]
Give your head a shake a believe the facts, not conjecture about why he may have sold. Here is a link that you can study to your heart's content : (http://bit.ly/ZwEwXW) You will probably have to register...it's free.
Don't Get Caught Up In Panic Selling And Capitulation In Precious Metals [View article]
The mining execs would have to be imbeciles not to exploiting any real "shortage".
Why You Should Ignore the Masses [View article]
Gold And Silver - Not As Precious As Last Week [View article]
Time To Sell Your Gold? [View article]
Well, today we blew through your long time target of 141-142 before the market even opened! Then we were through your buy stop (just below 136) before I had my first sip of coffee and was knocking on the 131 level before finally finding a bit of support. I don't know how you missed that number given that you had nailed all those those other 'support' numbers with that Fibonacci thing that you do.
Okay, now you have targeted the 127 level as the next level... of what? Support or turn around? You weren't clear on that. (hope it isn't another 'support' number cause they haven't worked out so hot) You were just talking about the 158 level a short while back, so I hope things turn out better with this new 127 number.
I see a number of commentators are quite impressed with your calls so they either have rocks in their heads or they are somehow making a ton of money following your sage advice and that neat Fibonacci system. I figure I must be missing something that your not saying in here on SA. Do you have a newsletter where you might be providing other readers with more elaborate calls so that they can make some winning trades? If so, how much does it cost and where is the website so I can sign up? Thanks in advance.