In times of total desperation it is so easy to miss the bottom and sometimes it is difficult to recognise the song by its first accords.
Only when you turn up the volume you can enjoy the crowd joining you...
Metallica knows thing or two about accounting and we will Fade To Black with our positions as well now...
After Double Bottom Gold has a Breakout on Daily to the Upside above MA100.
We have the very strong candles on Gold weekly chart and Buy signal is confirmed by MACD now. The line in the sand is 1400. Short Squeeze will define the magnitude of the next move here into The Labor Day. Gold price above 1500 is needed to sustain the gold production on average now.
@Sufiy let's Call in All Angels for a massive gold and silver short squeeze through mid-Sept! http://www.youtube.com/watch?v=nmIOqlNGp54 … #prediction
Hedgehog Trader was all over this explosive move in Gold Stocks this summer, with his precise Calls based on proprietary alpha signals and close following Insiders activity - his work is highly recommended by us.
Silver has a Breakout on Daily above 100MA ahead of Gold breakout. Above 24 dollars silver juniors will get back in shape with their projects.
We have the very strong move on Silver Weekly with Three White Soldiers bullish candles and Buy signal is confirmed by MACD now.
Now we have the full A Team calling for the New Bull Leg in Gold. Summer doll drums time out is officially over. Gold was over 1400 intraday and Silver is over 24 now. Junior miners are exploding to the upside with McEwen Mining pushing 3 dollar mark. Survived Juniors will show this Fall what is called the ten baggers again.
"If the history is of any guidance, today's BOE statement and Pound Slaughtering is the sign of things to come in the US Former Reserve Currency Of Choice Land. We will remind everybody that QE was first started by BOE and it was called as it is: Money Printing."
James Dines talks about new Super-Major Bull Markets in the making, which are still invisible for the crowds. He praises Tesla Motors with its disruption of auto-market and 3D printing technology. We think that our ideas about Lithium will fit nicely in this trend.
Original Gold Bug has recently reinstated his Buy Call on Gold. His observations are correlating nicely with the technical picture provided by Adam Hamilton in his latest piece:
"Adam Hamilton provides now a very compelling case for the General Equity Markets and GLD relationships and correlations and if you do not think that trees can grow straight up to the sky we are at the historical point in the markets development in the age of FED central planning now."
Jim Sinclair: Banksters Now Manipulating the Metals to the Upside!
The manipulation of the price of gold now favors the bullish side of the gold price structure.
1. After an excruciating wait we have entered the first of two bull price bull phases, this the first of which will that will take gold to $1650, the old high and beyond.
2. In this gold price bull phase the good gold shares will participate and in percentage terms the best will lead.
3. Certain gold producing juniors are going to become majors.
4. Assuming the major gold companies take huge write downs due to their lax in management, they will get meaner (if that could be) and perform in that business the way they should have from the day gold broke above $529.40, moving its price into a run away. Their recoveries will be spectacular.
5. The gold phase we are now in, which I call the first move towards full valuation, is long term and not to be counted in daily, weekly, or monthly increments.
6. This gold bull price phase is the one long predicted here that will return the most money to the fewest in the shortest period of time.
7. Silver has gained back it’s mojo, and therefore $50 is a given for it.
8. The reason that major Bankster’s physical precious metals storage facilities are for sale is one of the strongest reasons that the old high in the gold price will be beaten. They are not for sale because business is bad. The reason to have a depository was to manufacture a synthetic short in gold legally by taking funds for physical but trading the COMEX and OTC derivative gold market to fulfill the appearance of covering their obligations.
This game was not high risk as long as paper gold had full control of the gold price determination. They could have $1000 losses on the short and turn it into a profit via spread trading using the warehouse as plausible denial from manipulation. The banksters, now the major longs, do not select to play this game anymore. The manipulation now favors the bullish side of the gold price.
9. Now the banksters are on your side as you can easily see in the press session trading internationally.
10. JSMineset is named as it is because it represents a mindset that gold is for savings and fiat currency for transactions.
11. The three entities that called the $1900 in gold are back long. Bo Polny was first and is full out bullish. Nenner went long about $100 points higher, but you could see his lack of confidence in his position through his cautionary verbiage. Rambus1 toyed with being long but until recently was not firmly in a gold price bull market mindframe of trading. Therefore it is a simple fact that Bo Polny won this round among the gold market technicians as he fully committed his reputation and capital.
12.The gold price will make a new high on this phase and much higher highs on the one to follow.