Quote from: cypherdoc on October 04, 2011, 05:42:26 AM

http://www.zerohedge.com/news/gold-silver-speculative-longs-plunge-march-2009-levels

Thanks.

At the end of November, most December contracts are generally rolled into the next year. All of the big fraudulent games must take place before delivery cutoff in November - after that, it's mop-up. Year-end profit taking usually keeps the prices in check during December. The first quarter then follows with potentially large delivery months in which another round of stomping the grass to startle the snakes is embarked upon.

Banks are struggling for survival in an obsolete system while the decentralized tide of sentiment erodes the established power dynamic.

Quote from: cypherdoc on October 04, 2011, 05:42:26 AM

did you bother reading this post of mine:
http://www.hussmanfunds.com/wmc/wmc111003.htm

Yes. There wasn't anything to comment on, though I will point out this:

"Strategic Total Return has about 17% of assets in precious metals shares..."

Quote from: cypherdoc on October 04, 2011, 05:42:26 AM

you cannot evaluate gold in a vacuum. it very much is influenced by multiple sectors and their interactions. to ignore the widespread deflation going on worldwide is ludicrous.

Please read the following again, paying particular attention to the pricing notion which connects to and affects everything:

Quote from: miscreanity on October 04, 2011, 05:07:15 AM

Gold is reasserting a monetary role: it is being propelled to act as cash, especially in reserve capacity, and therefore [it] will provide a basis for pricing rather than having a price attached to it; relative pricing will be determined by the base of available gold the same way we currently use the USD base money supply.

The distinction is that the influence is reversed from your perspective. Other sectors are influencing gold less, while gold is gradually influencing them more. There are worldwide changes that go beyond deflation or inflation. The same applies to the cause of inflation - it is demanded and will occur because of the policy response to that demand. It's been said before and I'll say it again: these are processes; nothing goes in a straight line.

Quote from: cypherdoc on October 04, 2011, 05:42:26 AM

i really think gold doesn't get this far. with the ferociousness of the upward move in the USD along with worldwide and especially emerging mkt deflation its only a matter of time before gold gets dragged down just like silver and the stocks.

The impasse. At least hold onto your physical, as a hedge if you want to think of it that way.

Gold is reasserting its monetary role whether the dollar goes up or down. If the dollar goes up, it takes a longer time than if the dollar were to go down. Having been forced to use dollars for decades, the world is fed up with being subject to the whims of the US and its increasingly manic behavior. Without a return to responsible monetary management, the USD will face decreasing global significance no matter what is done to make the dollar more attractive for investment.

Did the ferocity of the attack on Pearl Harbor cause the US to curl up and die? The US has been bullying the world and the world has been taking it for decades because of the leverage provided by America having the reserve currency. Nothing lasts forever. Derivatives are the western attack on the world's Pearl Harbor, and the world is finally rising to fight back - by making the USD irrelevant.

One more time: the substance could've been anything - nose hair, tree bark, large chicken talons. Due to physical properties, it happens to be gold. Deal with reality, not just the derivatives that behave as you expect.

Quote from: cypherdoc on October 04, 2011, 01:30:44 PM

how much ~~pain~~ [patience] are you willing to sustain?

No leverage, dividend returns and long-term accumulation (i.e. profitable) - remember? The only way the course of events can change now would be for something like an alien invasion to begin or the sudden disappearance of centralized governments and banks.

Quote from: cypherdoc on October 04, 2011, 01:46:14 PM

are the charts still lying?

Misdirecting. But that's just semantics.

Quote from: cypherdoc on October 04, 2011, 06:11:12 PM

USD up, everything else down. yawn...

You weren't saying that yesterday when gold was up. Nice selective memory, USD fanboy.

Quote from: cypherdoc on October 04, 2011, 10:44:19 PM

http://www.ft.com/intl/cms/s/0/cb07c11c-edac-11e0-a9a9-00144feab49a.html#axzz1Zr6zi3bw

Another article that ignores supply and suggests that demand is the be-all and end-all.

Quote from: cypherdoc on October 05, 2011, 01:15:59 AM

i told you guys this would be the effect of derivatives of gold during a selloff...

It's easy enough to see that as the result. The fantasy realm is entered with expectation that the derivatives really are gold. You've made no distinction between paper and physical. Do you really expect physical gold to be obtainable at the prices quoted?

With debt being the real issue and fiat currencies being built up with debt, gold is the only realistic and universal alternative money (Bitcoin is not yet realistic because it isn't universal). That's why movement within the futures market is so vital to understand - it is the major gold derivative mechanism (few ETFs have similarly stringent requirements regarding physical metal).

Gold is money (it links physical reality and tangible wealth with the abstract monetary world) and remains constant with no counterparties while derivative debt collapses around it. The monetary masters of the established powers are simply adept at putting off the collapse and minimizing upside shocks from upward gold revaluation. It is folly to ignore reality.

Next year is shaping up to be a major battleground between the established money authorities and fiscal failure - greater than anything seen so far. Gold will probably experience a 50%+ decline sometime during 2012, if not a complete separation between paper and physical pricing. Psychology of the masses can be guided, but only within a given sphere of influence. The Chinese will not buy US propaganda, nor will South Americans. US futures markets and pricing can only be managed within the US.

If you are an American living in the US with your awareness governed by domestic media, the USD might appreciate indefinitely after a few more systemic shocks (at the Lehman or Greece scale). Reality will leave America behind if the nation continues to pursue this self-destructive course.