Like I said below on HAMMER BUY SOON
 

gold or silver if you are in the market to catch the recent low.

COMEX expiry is 5-25 - that should be around the low - AROUND!

I expect it to bounce around $650 - give or take 10 bucks - and then resume its upward mobility until around $810 - and then have a minor correction.

We might get lucky and hit the first $1,000 by Christmas and then next year
a multible of that (2X, 3X, 4X....?)

If you study the Kitco histories you'll see that things go haywire with real fast growth until the governments/banks step in to really kill gold/silver:

They offer 24% interest on fiat
They kill trading by stopping selling
They default on contracts like platinum in the past and settle in fiat

I write this to gel my Junior Senior SLOW mind FOR trading GLD & SLV.

Re: Like I said below on HAMMER BUY SOON
 

DANG ME I got something right!

$661 as I post.

Wow, it sure pays to chart - it does - mixed with usual suspects hammering -
I now wonder if they are really going to scare us next week. :love:

I'll buy next Thursday - Friday.

5 - 24 & 5 - 25 EXPIRY DAY ON COMEX :love:

Re: Like I said below on HAMMER BUY SOON
 

$654 this a.m.

Might have to drop my estimate for next week.

$630 low?

Re: Like I said below on HAMMER BUY SOON
 

Re: Like I said below on HAMMER BUY SOON
 

Well, come next Thursday or Friday (which I expect to be the LOW) I will jump in and buy all kinds of things:

GLD
SLV
Gold Bullion
Silver Bullion
PM Stocks
PM Mutual Funds


not to mention

PM futures contracts

And according to the GOLD-Eagle site gold usually starts off in JUNE to the new high around December!

Buy LOW sell HIGHER

Re: Like I said below on HAMMER BUY SOON
 

I'm just getting into PM's and I was hoping someone could answer what is probably a stupid question. What does the talk about COMEX expiry mean?

Re: Like I said below on HAMMER BUY SOON
 

Big players are shorting options. They are betting that the POS (price of silver) will go down to a certain level on or before the expiry date. They have the pull to manipulate the market by flooding the market with silver (real or imagined/paper) driving prices down to put their calls (bets) into the money.

Do a search on Options or COMEX.
~Prag

Re: Like I said below on HAMMER BUY SOON
 

The low for the week so far has been $654 yesterday. I expect the traders/central bankers/& Powers that Be to really put effort on gold to go down next week.

Okay, now take a look at the US$ it's going up a tad making more gold pressure down, too.

Like when we were 10 year old kids we need a good spring going down on the diving board for a tremendous record breaking high dive.

The diving board spring going down is gold right now; when it releases a week (about) from Monday I expect it might take a run UP like it historically does from June to December. :yes: But, even after that new high it will swan dive again. We are in a BULL market for gold and commodities - there is a WAVE of INFLATION coming that will scare the poop out of the Americans. No BODY will be expecting it! It will be from a flood of liquidity coming from some geopolitical event. Think LOST wars of VIETNAM/War on Poverty inflations (1973-1978) that the wise government "lost" by-the-way; only times 10!

So we can do this again, too. Study the last biggie 1970 to 1980. We are like when gold was around $100-$150 back then. It went to $855 before the POWERS ran interest up to 25%. Now we have 4 to 5 times more US$s than in 1980! So do the math! It will not exactly repeat - but the damn thing will rhyme! :yes:

Do your own research. See KITCO.COM for charts and such.

Remember the paper market has actually has MILLIONS of times more paper representing the physical gold than the real stuff: so take delivery, hold it close and dear (no stinkin' safe deposit invasion box), keep it darn quiet, and sit tight. :yes:

Re: Like I said below on HAMMER BUY SOON
 

The COMEX is like the DOW for commodity folks - and the powers that be love to channel (not absolutely control but close) and manage markets that are followed.

That's why the DOW companies have a government assisted buyer always in the wings. It's called the PLUNGE PROTECTION TEAM!

If the Chinese dump their US$ a wave of inflation is coming that NOBODY will believe. They are being threatened by US Congress on a tariff bill that might do what Smoot-Hawley did in 1930. Do a GOOGLE search.

Re: Like I said below on HAMMER BUY SOON
 

The COMEX is like the DOW for commodity folks - and the powers that be love to channel (not absolutely control but close) and manage markets that are followed.

That's why the DOW companies have a government assisted buyer always in the wings. It's called the PLUNGE PROTECTION TEAM!

If the Chinese dump their US$ a wave of inflation is coming that NOBODY will believe. They are being threatened by US Congress on a tariff bill that might do what Smoot-Hawley did in 1930. Do a GOOGLE search.

When you have the absolute power to print and be accepted at will: you absolutely screw it up.