Re: Welcome back Sinbob
in response to
by
posted on
Jun 22, 2010 11:54AM
(Edit this Message from the "Fast Facts" Section)
Thanks Leno:
Seems not much changes for periods of time...until, one day....it does. We all know what we have here and none of us can be swayed by those with hidden agendas. That's because most of us are informed and we understand what SFMI has in and above the ground, how it compares to other JPMs, how quickly it has developed into a producer, what the future holds for inflation, the macro on global supply and demand influences for the PMs, that gold is a currency (the only true currency), that the markets are fraudulent, that the usual way of doing business can not continue, that the "western" shorts are now backed into a corner, that both the bullions and the PM/JPM stocks are morbidly naked shorted, that the shorts are going to have their heads handed to them soon...and Lord knows we patient old longs have only been waiting 11 years for this...and so much more.
You all know the scoop. One of the things I find most amazing in this world of Balckberries and a seemingly growing addiction for instant feedback... where everyone has their nose into their tiny screens on elevators, sidewalks, in lineups, restaurants, hospitals, retail stores, cars, on the pooper...and probably even during childbirth...is that it appears very few take the time to peruse the FACTS for investments such as SFMI. All the info and reference material sites you could want is available on the website...and it negates all the fluff and lies. It appears that most traders, especally short term ones, haven't got a clue and many are most vulnerable to the prompts of disingenuine "prompters". Today is all that counts and this will come back to destroy many investors.
Here is just a sampling of yesterday's output, which many of yu have already digested no doubt:
Stewart Thompson, via GWR ad Midas:
The massive bull continuation pattern on silver bullion has a target of around $30-33, and gold could easily leap to $1700 while that occurs - Stewart Thomson, http://www.gracelandupdates.com/.
Excerpts:
I warned the gold bears, who are now NAKED SHORT both gold bullion and gold stock, and BURNING like the hindenburg, the gold bears who are also long the US dollar into the HIGHS, that they faced coming OBLITERATION. Jim Sinclair has joined the gold stocks “SuperBull” camp this weekend with what could become an EPIC call, that the past THIRTY years of price action on gold stock charts represents a CONSOLIDATION. A consolidation that we are breaking out upside from RIGHT NOW…
All gamblers should be reporting to the gold stocks gambling deck. Long term call options on stocks like Agnico Eagle, Barrick, Goldcorp, Newmont should be at the top of the gamblers’ shopping list. I’m talking about making 20-100 times your money in the next 6-12 months if the show goes astro, and I think it should. If “big jim” is correct, and the chart action now is not just a breakout from the HSR (horizontal support & resistance) extending back to the May 2006 highs, but if the correct big picture interpretation is that the entire price action from the 1980 high is a CONSOLIDATION then the maximum possible upside for the GDXJ is probably 1000 or MORE…
I believe many gold stocks are going to hit a HUNDRED DOLLARS a share. Sad Sack barely covered his MENTALLY RETARDED NAKED GOLD BULLION SHORT POSITIONS last week before gold took off upside. He was caught naked short in 1979 and he almost just gave a repeat performance. This time, if he’s caught short again, if the worst case scenario I outline below occurs, I’ll give you 99% odds that he KILLS HIMSELF…
IF there is REAL HYPERINFLATION, and YOU make ONE ERROR playing gold to dollars TRADER, you could find yourself TEN TIMES POORER in 24 hrs. If you sell gold because it went to $5000, and then real hyperinflation comes, it could go to $50,000 the next DAY. HOW WILL YOU EVER CATCHUP TO THAT?
30.YOU WERE JUST DEVALUED BY 90%.
Jim Sinclair:
“Gold hits record as investors seek alternate asset.” (Click here for the complete story.) The only conclusion you can draw is investors are seeking a stable store of wealth. According to world renowned gold expert Jim Sinclair(jsmineset.com), that spells trouble for the dollar. Sinclair said, “. . . that’s not a pleasant conclusion because it speaks of a currency system in the entire Western world that is being significantly challenged.”… Since 2001, Sinclair has been calling for gold to reach $1,650 a troy ounce by January 14, 2011. Some of Sinclair’s contemporaries are calling for gold to be much higher by next summer. $5,000 per ounce by June is one prediction. Sinclair says, “. . . that only occurs if the whole thing goes splat,” and that is also a real possibility
Gold at new record high after Saudi reserves double
By Javier Blas in London
Published: June 20 2010 21:06 | Last updated: June 21 2010 10:39
Gold prices hit on Monday a fresh record high of almost $1,265 a troy ounce following the revelation that Saudi Arabia, the world’s largest oil exporter, is sitting on more than twice as much gold as previously thought, according to new estimates.
The disclosure points to the revival of bullion as part of emerging economies’ official reserves and comes as investors pour money into the yellow metal.