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A new 'Bull Flag'...



Although we need to bear in mind this scenario still...



S.

Sahara - I hope that wrath is ...selective
- as we share the habitat with TPTB who follow the ...other path/guy
- caught in their crossfire sounds unpleasant.

Re the above comment from Willie & Keiser

- is "this badge" above the article.....a coincidence

A clip from the article is below - and uncannily is - about
- loss/breakdown of ...trust



Hong Kong hedge fund manager... William Kaye

We are reaching an important pivot. As I’m talking to you gold is actually under pressure again, but what’s going on now is the typical gaming that you see which is related to the options expiry. Options expire tomorrow. This weakness is all by design. These guys are extremely devious and very coordinated in the way they manage the price of gold.

The trading action now in gold is meant to discourage people who have re-entered the gold market because of the improved technicals. But despite the ongoing manipulation we have incredibly strong fundamentals, one example being the fact that the lease rates for gold have gone negative and stayed negative for two weeks.

What this means is people are paying a premium
- for physical gold today
- vs - taking a paper promise from the COMEX or a bullion bank for delivery in a week, two weeks, or a month in the future.
- So the fact that people will pay a premium... for delivery of gold today
tells you everything you need to know.

Negative lease rates simply mean that the strains are so great in the system, as it relates to delivery of physical bullion, that banks will pay a premium. This is a bizarre situation.
- What this strongly suggests
- is that the system is breaking down.

It suggests that entities which are in the know, sovereigns and central banks that want to accumulate gold,

- They....... don’t trust.... the system anymore.
- They ...don’t trust..... the paper contracts.

So the paper contracts for future delivery trade at a discount to current delivery.


What the market is saying is,
- ‘We want gold today, we don’t want your paper.
- We don’t want to hear from you JP Morgan and
- we .....don’t trust you.... COMEX.
We want gold and we want it delivered physically today, and if you can’t do that we don’t want to do business with you.’

And this is why...... gold for spot delivery today trades at a premium to the paper for future delivery in a week, a month, two months and three months.

The gold delivery system....... is all based on trust,
- and trust..... is breaking down.

What this means is that the setup for gold is as good as if not better than Nasdaq tech stocks in the early 1990s.”

Gaz - For it will come on all those who live on the face of the whole earth. Be always on the watch, and pray that you may be able to escape all that is about to happen, and that you may be able to stand before the Son of Man.” Luke 21:35-36

Unfortunately most of us are too busy 'watching' ...sports, tv , movies, markets etc.. we have unwittingly become a world of spectators. When Luke tells us to keep 'Watch' with full attention and vigilance, just as a soldier is to keep watch and be alert for any sign of enemy movement.

This may help those who are looking to escape...

http://www.youtube.com/watch?v=UF5XL0md42I

S.

Sahara
- faith and to live by the positive teachings of the bible is a wonderful thing;
&, certainly beats hands down - those that follow the..left..path, and the daily visible evidence of what they get up to,
- and how they view & treat , us, their biblical "neighbour"
- never mind ..what they get up to ..in private.

In tonights boxing bout, the judges combined scorecard
- in the "red corner" out of, central bank, we have fighting at "paper weight"
....Paper Fiat
- marked as heavily losing ..8 rounds.. & only marginally sraping minor positive in just 2 judges opinions - The Australian & New Zealand

In the "green corner" out of, real money, we have fighting at "heavy weight"
....Real Metal

And the clear winner, scoring a 10yr record busting judges score of 177.25 is.....
- Real Metal





I think in the present, upcoming bout, then maybe, based on it's recent undefeated record
- Real Metal

may be - a heavy odds on favourite

Gold/Silver ratio

Over the last decade this chart indicates
- Gold has outperformed Silver when...... precious metals are being... sold off.
But
- Silver is actually ......the better performer.... when the metals ...are rallying.

So Silver ,going forward
(should the precious metals... in fact be turning higher).
- looks as tho' tradionally, based on the the last 10yrs
- Silver should be......the better performer

Gold in Yen terms also seems to be indicating a desire
- to return higher
- within its upward channel





Sahara that one's..... much easier for me to see :o)

It's been a while since I came accross one of these,
- the last time I found it amazing
- as to the... near perfect ....correlation

- between... the US Debt, Limit....and price of gold.

Since I last saw it.....it's definitely gone... off song, as to correlation

If... we rejoined the trend....looks around $2,000 by the end of the year

But I like the look of the previous - off songs spells - as they seem followed by nice....overshoots....as it gets.... back with the band.

Sorry gaz/guys, have been a little busy.
Lots to catch up from having been away and year end to boot. Office is a furnace so not really the most productive grey matter as it's been fried.
Home now, with a cold one, so the world seem a lot better straight away :-)

Catch the Coming Gold Rally

By Nick Hodge | Friday, July 26th, 2013

Earlier this week, we showed you why silver was blatantly being manipulated.

Editor Adam English explained JPMorgan's massive short position, and how they covered almost all of it without the price of silver rising. The crooked bank unloaded the positions using high-frequency trading, flooding the market with thousands of low sell prices in a matter of seconds.

As the market followed those prices lower, the bank's algorithm switched to buy mode — and in an instant bought up contracts at prices it had intentionally manipulated lower... and walked away with a $3.6 billion.

Even today, JPMorgan holds 25% of the silver short market. And records indicate that paper positions outnumber the actual amount of physical silver traded by more than 140 times.

It's not hard, then, to understand why silver prices have headed lower, despite record physical demand...

So has buying precious metals become futile? Hardly.

Consequences

Actions have consequences. Sometimes not immediately, but always eventually.

At its peak, John Paulson's hedge fund owned 31.5 million shares of the SPDR Gold Trust (NYSE: GLD).

Though that position had been trimmed to 21.8 million shares by the end of the first quarter, Paulson — who made the so-called "Greatest Trade Ever" by shorting subprime mortgages in 2006 — has certainly still taken a beating on the yellow metal.

But he's still not deterred, telling investors at a conference this week that:

Although the Fed has printed a lot of money to date, there's very little inflation. People who bought gold in anticipation of inflation have lost their patience. I would say that the rationale for owning gold has not gone away. The consequence of printing money over time will be inflation, it's just difficult to predict when.

He added that the slip toward $1,200 gold is only "a pause period" in the bullish trend, and that, "If you're looking for a hedge against potential inflation in the future and have a longer-term view, gold is an important part of anyone's portfolio."

And while Paulson would not shed light on when he thinks metals will stage their breakout, 58-year market veteran Ron Rosen shed away this week...

$148 Silver, $4,300 Gold?

Speaking to King World News this week, Rosen said:

We are on the verge of the biggest move in the history of the precious metals market, and it's not far away from beginning. It's going to be a monster move....

What I don't understand is why everybody doesn't see it. There are so many analysts out there and if they just knew how to look at a monthly chart, and put it in a logarithmic form, they would see that gold and silver are going to explode.

This explosion higher in the price of gold and silver will just be Mother Nature at work, and there is nothing on the face of this Earth that can stop it — no individual, no central bank, no country, and no collection of countries.

And the timing?

We are looking at a massive move in front of us that will top sometime in 2014. At that point there will be a correction. Then, a massive blowoff will take us probably into early 2016. People who have been tortured by this long corrective phase, they will be thrilled if they have the ability to hang on. They just need patience here.

I expect the gold price to hit $4,300 in early 2016, but the really fascinating thing here is the silver chart because there have been three peaks. The first peak increased two times from the previous low. The low was $4.01 and silver went over $8 in that move. The second peak was $21.44. So silver increased four times the previous low, which was $5.45. The third peak was $49.82, and that was six times the previous low, which was $8.40.

You've got an old guy like me who has been at this business for almost six decades, and he sees 2, 4, 6. There's only one number that comes up next, 8. We then multiply 8 times the low of $18.17, and we have a silver price of over $148 sometime in early 2016. It's as clear to me as the sun rising and setting.

Of course, as go gold and silver prices, so go the miners.

And with so many companies right on the cusp of their break-even points, I expect will see more than a handful of bankruptcies in the junior mining space over the next few months.

Those that make it through will make it big.

Rosen thinks miners are going to be the best-performing stock group going forward, adding that the Gold Bugs Index (NYSE: HUI), which is currently trading around 252, "will be trading in the thousands before this bull market is finished."

Speaks for itself
- the red line
- denotes - the ratio of silver eagle sales -vs- gold eagles

The 'Bear Flag' has played out as indicated, and this blue support line needs to hold so a bounce from here please otherwise a retest of the lows and maybe new lows?/...



S.

Gaz - Those charts are a serious threat to my chart posting dominance ;-/

But keep em coming they are GREAT!!

I was hoping for the GSR to have peaked and put in a 'Double Top'
just above the uppr line of the Bearish 'Wedge' although today it has pierced so the hope is for it to close on or below the line before the close...



S

SLV - Bounced right where it needed to...



Can it hold?/...And clear the orange and green averages?/

S.

We are moving into the best possible time zone on average for buying Silver...



Whether we have had the lowest opportunity to acquire Silver already or we get a better chance in August remains to be seen, Better to have bought already I believe.

http://investmentscore.com/editorials/buy-silver-now--ii.php

S.

Well Sahara / Snurkle
- all the info of the last few days - in a sane rational world - seems to suggests that
- after the usual post options expirey tree shaking
- it is a - back up the truck time

But in a world where
- the insolvent Euro nations - guarantee bailouts of the other insolvent Euro nations and they - can still borrow in single digit %
- where the US has zillions of unfunded liabilities - yet USDA figures show - over 100 million americans are already on some sort of gov't - nutritional food stamp support
(so not so much - being paid - into.... the kitty)
- yet they too can supposedly borrow at low single digit %
(In reality - The fed is picking up/mopping up the T-Bonds)

Then who knows what - the current topy turvy world will bring along.
(- f/flag black swan season perhaps approaches).

It does feel as if the elastic band has been stretched a little further.
When it will snap no one knows, but the propaganda bull crap seems more over the top than ever.

Max Keiser said in his show from last Tuesday that :
'JPM would follow Lehman within the next 5 years... and that's a certain.... I bet whatever people want on that...'

Max is usually fairly accurate with his predictions, so lets see how that plays out... if / when it does. However if JPM indeed bites the dust means we'll see an almighty crash as they are the US government and Federal reserve string pullers.

Better stock up on the popcorn as that will be some fireworks. In comparison, Enron was just a very poor warm up act.

Now then........

here's one for the books......

J.P. Morgan to sell commodities business

http://www.marketwatch.com/story/jp-morgan-to-sell-commodities-business-2013-07-26

Bix' take is as follows

This is great news for the timing of on the END of physical gold and silver manipulation. Given that the paper price and the physical price parted ways a few months ago (at least in large quantities) it is now time to end the con for good. As I said before, the Good Guys are trying to make it as painless a process as possible. By removing JP Morgan from the physical side and the fact that they have likely covered much of their COMEX short anyways, the Good Guys think that they can quietly back out of the manipulation game.

My take...NOT A CHANCE!

Keep an eye out for an unregulated, gov't sponsored hedge fund like BlackRock to try and take over take the manipulation reigns. You cannot have a freely traded gold and silver market while you are running an unbacked fiat monetary system.

Very soon the chaos will come and JP Morgan will be right in the middle of it. Remember, they still have $69T in derivatives with $93B in gold derivatives and $17B in silver derivatives!

WAIT...given their total expose to both gold and silver it seems JP Morgan thinks the Silver/Gold ratio is more like 5-1!!!!

Also out today is a settlement between JPM and MF Global. JPM has agreed to pay MFG $160M as payola. After all it was JPM that sent them into the tailspin in the first place!

http://www.fa-mag.com/news/mf-global-reaches-settlement-with-jpmorgan-unit-on-recovery-14994.html

Looks to me like the events I talk about in this week's Friday Road Trip are beginning to materialize already!

Sahara - lol ...the difference is significant
- I just pop on what charts I come accross on my travels
- yours - are from your own personal knowledge, insight & skill

Taken together tho' - they do seem to tell the same story.

Snurkle

Re the propaganda mainstream crap
- I think McBean over the other side
- could get a regular weekly spot on CNBC

MaxK - has a great mix of truth, info and delivers it with excellent showman style
- I think when as he suggests JPM goes down
- the ...Bill Holter - bunker/hibernate will definitely apply,
(if not before)

Strangely
(as often happens at such times :o)
- The FA-MAG link is presntly...down
(as is their home page)