Most large institutions, banks, hedge funds, mutual funds, etc… don’t have the same insider knowledge as the gangsters at Goldman Sachs, JP Morgan, Bank of America and CitiGroup. Once the selling starts they will be forced to sell their gold to meet margins calls… which is why I do think gold will drop to the FP level of 935 or so. After that, it’s a buying opportunity of a lifetime.
Atilla is right on thinking that “the powers that be” will be out super policing the internet, so I can’t blame him for shutting down. Just wait until the week of October 23rd when all the wave 3’s come together. One could simply get rich off of that one wave.
If individuals like Lindsey Williams are correct and in a couple years we will have a gold backed currency, what I don’t get that is still bugging me are the couple FP’s out there for Gold at ~945??? I can’t see a scenerio where we have gold backed currencies and gold at 945 after the “dollar is dead”. Heck, gold at $3000 seems cheap if that happens…
One other scenerio I see is QE2 ends, we get a HUGE deflation scare over a couple months, say till late July/early August taking gold to 945 and SPX down a couple hundred. Heck, they’ve taken silver down 40% already? So why couldn’t gold happen like that??? Then poof, Bennie announces QE3 (by another name…)! That takes SPX up to your 138.86 SPY FP around late Oct during the Legatus meeting??? At point, they pull the plug!
Of course, we won’t know how it all happens till after. But you can bet if gold gets to that level, I will be buying as much as I can!
xTrends will be shut down in a few weeks, you should find a way to use twitter.
I will only use twitter and xsetups to keep in touch with faithful xtrenders
The reason for this is the fact that the impending financial apocalypse will create tremendous, unseen, unprecedented depression in society and eventually in some governments and administrations across the globe, particularly in US.
As a result, some criminals and crooks in high places, especially those who created this mess in the first place, will act and speak like financial cops, to secure and protect their own positions. They will launch man hunt to find blames and sacrifices on daily basis, encourage other enforcement methods to silence the remaining truth-speakers.
We will no longer have the freedom of speech that is already diminished to nothing. That time, I certainly would not want to be around waving the bear flag in front of millions.
Explain? What date is that? You have a link?
coal prices are down 25% from their highs. coal stocks took another tumble today
2015.75!!!!!martin armstrong’s date…clocks ticking
Most large institutions, banks, hedge funds, mutual funds, etc… don’t have the same insider knowledge as the gangsters at Goldman Sachs, JP Morgan, Bank of America and CitiGroup. Once the selling starts they will be forced to sell their gold to meet margins calls… which is why I do think gold will drop to the FP level of 935 or so. After that, it’s a buying opportunity of a lifetime.
Atilla is right on thinking that “the powers that be” will be out super policing the internet, so I can’t blame him for shutting down. Just wait until the week of October 23rd when all the wave 3’s come together. One could simply get rich off of that one wave.
SPY Triangle pattern: http://niftychartsandpatterns.blogspot.com/2011/06/spy-triangle-pattern.html
Red,
If individuals like Lindsey Williams are correct and in a couple years we will have a gold backed currency, what I don’t get that is still bugging me are the couple FP’s out there for Gold at ~945??? I can’t see a scenerio where we have gold backed currencies and gold at 945 after the “dollar is dead”. Heck, gold at $3000 seems cheap if that happens…
One other scenerio I see is QE2 ends, we get a HUGE deflation scare over a couple months, say till late July/early August taking gold to 945 and SPX down a couple hundred. Heck, they’ve taken silver down 40% already? So why couldn’t gold happen like that??? Then poof, Bennie announces QE3 (by another name…)! That takes SPX up to your 138.86 SPY FP around late Oct during the Legatus meeting??? At point, they pull the plug!
Of course, we won’t know how it all happens till after. But you can bet if gold gets to that level, I will be buying as much as I can!
Red,
Did you catch this comment from Atilla over at XTrends? I thought it was interesting…
http://www.xtrenders.com/2011/05/summer-of-traders.html#disqus_thread
xTrends will be shut down in a few weeks, you should find a way to use twitter.
I will only use twitter and xsetups to keep in touch with faithful xtrenders
The reason for this is the fact that the impending financial apocalypse will create tremendous, unseen, unprecedented depression in society and eventually in some governments and administrations across the globe, particularly in US.
As a result, some criminals and crooks in high places, especially those who created this mess in the first place, will act and speak like financial cops, to secure and protect their own positions. They will launch man hunt to find blames and sacrifices on daily basis, encourage other enforcement methods to silence the remaining truth-speakers.
We will no longer have the freedom of speech that is already diminished to nothing. That time, I certainly would not want to be around waving the bear flag in front of millions.
ES hour chart: http://niftychartsandpatterns.blogspot.com/2011/06/es-analysis-before-opening-bell.html
The THRICE eliminated!!!!!!!!!!
RITUAL ON!!!!!!!
Time for the hate to begin.