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Dr Bubb,

What do you make of this chart ? - http://stockcharts.c...id=p94301476933

Shades of 2006-7 ? Or the end of the bull market?

 

If it were to be done on a log chart it would look more bullish.

 

The use of the linear chart distorts the volatility in the second half making it look extreme to the upside, and then to look more like a break-down.

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http://www.sovereign...p-spreads-9374/

Gold in Hong Kong: ridiculously cheap spreads

True

 

Tael spreads are about US$5 (and that's on about 1.2 oz)

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So you want a gold backed currency?

http://cafr1.com/SoYouWant.html

Stopped reading here... twaddle.

 

Those commercial banks; large international families; and a few countries with gold hovering in the $1600 to $1800 per oz pricing are standing on a potential profit of over 1000%. They can not sell tens of thousands of tons of gold, the gold they own, that 90% of what is held by them on the open market or gold would plummet down to $10 per oz over-night, possibly to $5 p

er oz.

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Jim Willie had this to say about Gordon Brown's sale of the British gold

http://www.silverdoctors.com/jim-willie-central-bank-gold-rehypothecation-scandal-to-take-gold-to-5000oz/

... The Bank of England was directed to sell a huge lot of its national gold treasure between 1999 and 2002 to mark the Gold market bottom. It was not sold, but rather handed to D-Bank in order to satisfy a big margin call. They aided both D-Bank and Goldman Sachs, each heavily short and at risk. The Gordon Brown action was done with two unusual signpost markings. The sale was announced in advance, thus permitting front running by London and New York bank buddies. It was done in auction, to assure the lowest possible price. The actions set the low. But the actions bailed out D-Bank secretly.....

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Looking at the cup pattern that is forming, the initial corrections and recoveries are deep and steep. The last correction and recovery was shallower with a building equilibrium between selling and buying, and therefore is predictably the base of the cup. The bottom is in. This current correction should slowly grind down to meet the trend line coming off the base, so will in probability only go as low as around 1650. From there, steady buying pressure will form the upwards side of the cup leading to new highs.

 

Gold down to 1670, back to the base of the cup.

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Looking at the cup pattern that is forming, the initial corrections and recoveries are deep and steep. The last correction and recovery was shallower with a building equilibrium between selling and buying, and therefore is predictably the base of the cup. The bottom is in. This current correction should slowly grind down to meet the trend line coming off the base, so will in probability only go as low as around 1650. From there, steady buying pressure will form the upwards side of the cup leading to new highs.

 

Gold down to 1670, back to the base of the cup.

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Gold down to 1670, back to the base of the cup.

 

Yes, could be set for a nice Rally soonish / After the election maybe?

 

GLD / Gold ...update

 

gld12mos.png

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Hold onto your hats. It's going to go ballistic in Obama gets back in.

 

And apparently even quicker if Romney gets in, or so says Jim Sinclair:

 

Sinclair states that if Romney is elected and follows through on his threats to fire Bernanke, it would be the single greatest error made in US financial management ever”, and would result in gold trading above $3,500/oz and a complete US dollar collapse within 6-9 months!

 

The srticle was posted on the 4th November by which time I think the media were proclaiming that Romney was too far behind to catch up, so his call will probably never be tested. Still a nice chance to declare that 'by this time next year, we will all be rich!'

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Hold onto your hats. It's going to go ballistic in Obama gets back in.

 

http://dailyreckonin...election-thing/

5min_110512chart3.png

And apparently even quicker if Romney gets in, or so says Jim Sinclair:

 

 

 

The srticle was posted on the 4th November by which time I think the media were proclaiming that Romney was too far behind to catch up, so his call will probably never be tested. Still a nice chance to declare that 'by this time next year, we will all be rich!'

 

 

Well we wont have long to wait now to hear who win's

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Well we wont have long to wait now to hear who win's

 

A small chance of up to 10 days according to Zero Hedge, but it does seem unlikley that Ohio will be the final decider of who wins so we will probably know much sooner:

 

This year Ohio sent absentee-ballot applications to about 95% of its citizens rather than require people to request one. Anyone who returned the application was then sent an absentee ballot, which then requires them to vote by the absentee ballot and not at a polling station.
If they do try to vote at a polling station they'll cast a provisional ballot which must then be held under lock and key for 10 days while the state waits to see if an absentee ballot had been received.
At the moment some are guessing that there could be 250K or more provisional ballots as a result of this. That large of a number could easily cause Ohio to not be able to project a winner if the voting is too close to call.

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The Election... and Gold - from DrB';s Diary

 

Romney himself remains confident:

 

 

US election: Mitt Romney says he is expecting a 'very solid win

 

The Independent-by Guy Adams-1 hour ago

Mitt Romney said that he expected a “very solid win” tonight, extending his campaign into the final hours of voting in order to make an

 

... and here are some thoughts on how markets might react:

 

Romney Win Could End Wall Street's Easy-Money Party

Fox Business-3 hours ago

Some stock market prognosticators are envisioning a Romney Rally should the former Massachusetts governor pull off a win Tuesday night.

 

 

What a Romney Win May Mean for Stocks

Wall Street Journal (blog)-7 hours ago

Election 2012: Romney Win May Hurt Gold Prices

iStockAnalyst-4 hours ago

 

Paradoxically, a "Tie" - where there is NO CLEAR WINNER,

may be the most bullish outcome for Gold prices...

Since the US would move towards the "Cliff's Edge" with no clear leadership

 

Here's the USD: --------------------- : and Gold:

idx24_usd_en_2.gif : t24_au_en_usoz_6.gif

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http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/6_Massive_Short_Covering_%26_Buy_Stops_Triggered_In_Gold_%26_Silver.html

Massive Short Covering & Buy Stops Triggered in Gold & Silver

 

.......... this is massive computer buying at this point. There are just huge sums of money sloshing around the entire commodity complex. The trading is literally a case of hedge funds gorging themselves after selling last Friday.

 

.......... We are no longer dealing with human beings .....

 

We’re dealing with computers and the volatility they are creating in these markets is tremendous because there is no thought process to it. This is ‘Skynet’ out of control. Silver dropped 4% on Friday and today it’s already up 3.5%. The extent of the price moves are being grossly magnified by the way the computers overwhelm and swamp all of the human traders in front of them.

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LOL!

I sent that link to a friend and he said that gold will crash.

He also said Obama's a shoo-in.

Let's see what he knows.

No much, I reckon

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