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Monthly Archives: June 2009

The $997 Stock Tip! Weekend Update…

27 Saturday Jun 2009

Posted by jschulmansr in banking crisis banks bear market bull central deflation depression economic trends economy financial futures gold inflation crash Markets precious metals price protection recession safety silver plati, bear market, Bear Trap, cancer, Chemotherapy, China, Credit Default, Crude Oil, Currencies, currency, Currency and Currencies, CyberKnife, depression, dollar denominated, dollar denominated investments, Dow Industrials, economic, Economic Recovery, economic trends, economy, federal reserve, Finance, financial, follow the money, follow the news, Fundamental Analysis, gold, Gold Bullion, Gold Investments, gold miners, How To Invest, How To Make Money, hyper-inflation, IMF, inflation, Investing, investments, Jschulmansr, Junior Gold Miners, Latest News, Make Money Investing, manipulation, market crash, Markets, oil, Paladium, physical gold, platinum, platinum miners, precious metals, price, prices, producers, production, Proton Beam Therapy, silver, silver miners, stagflation, Stimulus, stock market, Stocks, The Fed, TIPS

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ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, bonds, Brian Tang, bull market, CDE, CEF, central banks, China, cobalt, Comex, commodities, Copper, crash, Currencies, currency, Currency and Currencies, deflation, Dennis Gartman, depression, DGP, dollar denominated, dollar denominated investments, Doug Casey, economic, economic trends, economy, EGO, Federal Deficit, financial, Forex, FRG, futures, futures markets, gata, GDX, geothermal, GG, GLD, gold, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, Green Energy, GTU, hard assets, HL, hyper-inflation, IAU, India, inflation, investments, Jeffrey Nichols, Jim Rogers, John Embry, Keith Fitz-Gerald, majors, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, NXG, PAL, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, power, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, SLW, small caps, sovereign, spot, spot price, stagflation, SWC, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

Well we made it to the weekend. as I said in my last post things are just too interesting to go away! I hope you took my last post to heart and didn’t jump in the next day when stocks went up. This is a sucker’s rally! We have some support levels as follows for the (DJI) 1st is at 8400, then 8250, 8000, 7500, then nothing until 6450 area. I think that this is what we will see, a second test of the 6450 level for the (DJI) over the next 6 months. Remember the fear factor is growing again, and the “green shoots” are starting to dry up.

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One thing that few people have been talking about is how many people are now in negative equity in their homes and just can’t afford the mortgage payments and are starting to walk away from these homes and letting them (mortgages) default. Especially their 2nd homes and investment properties bought at the end of the real estate boom. Also, these are considered high grade loans, and default is growing along with the people (high risk) who couldn’t afford to buy the home in the first place!

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Next, credit card debt, how many unemployed workers are living off their credit cards now and can’t afford to make the payments. Plus even those employed but thought they could continue to use their homes as ATM’s now find they just can’t make the payments. Credit Card Debt defaults are starting to grow exponentially! Yes, the other shoe is starting to drop!

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Next, the Dollar is getting ready to swan dive again and if the amount of money that has been created by the treasury, has actually doubled the amount of dollars out there; then isn’t our dollars already really worth 50% less than at the beginning of the year. Yes, that is how much money they have printed just since the beginning of the year! On a side note; Russia is even in worse shape than we are in the U.S., so for the Forex traders out there here are 3 currency pairs I think will perform quite well. First for the russian situation, (USD/RUB), (EUR/RUB). This is the only Forex trade that you will see me recommend with  the Dollar as long. For the Dollar, since I think it is going down, down, down; (EUR/USD). However a better trade would be to look at in my book the 2 best “resource countries” as opposed to the U.S.A. These would be (AUD/USD) and (CAD/USD).

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Precious Metals, my outlook is still the same; for Gold and Silver stay long buy more any form. Experts state you should have 10%-15% in Precious Metals. For optimium financial health in my opinion you should have 50%-60% or more in Precious metals just to protect yourself from either Inflation or Deflation and what is going to happen to the dollar.  The new base range for Gold and the strong support is $890 – $920. On the upside $950 the 1st battle, then $980, then $1000. However, confirmation of the bull breakout will occur in my book after a few successful closes over $955. I am calling for Gold to be at $1250 – $1500 by the end of the year. Don’t forget China and Russia are buying Gold to hedge their currency and US Debt holdings. The IMF sale … forget that China alone will santch that up in a heartbeat, it’s a drop in the bucket!

My Gold stock tip is this Apollo Gold (AGT). I have been buying this since the 10cent level and it is currently trading in the 45 cent level. The company just produced it’s first gold (3000 oz.) less than a month ago. The comapny also just announced another “high grade” hit 13oz gold/ton find on an adjacent property close to it’s producing mine and mill. Wesites to check out on Apollo Gold.

http://www.google.com/finance?q=AMEX:AGT

http://apollogold.com/en/investors.htm

For actual bullion investments TAKE DELIVERY! Get on board the Rocketship now, countdown has commenced…

===================================================

Claim a gram of FREE GOLD today, plus a special 18-page PDF report;

Exposed! Five Myths of the Gold Market and find out:

  • · Who’s been driving this record bull-run in gold?
  • · What Happens When Inflation Kicks In?
  • · Why most investors are WRONG about gold…
  • · When and How to buy gold — at low cost with no hassle!

Get this in-depth report now, plus a gram of free gold, at BullionVault

====================================================

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Now for the $997 “Hot Stock Tip” There is a newsletter right now offering a special report on this hot stock if you join them as a subscriber for only $997. You get it here on Dare Something Worthy Today Too! for Free!

It is for a new treatment of cancer especially Prostate Cancer. It is a non invasive procedure, no chemo, no side effects, very effective. Remember, when we used to watch Star Trek and Dr. McCoy used to have an instrument the operated with a beam and performed the surgery with success? That is what they are using right now. It is the Cyber-Knife. It works by Proton Beam therapy. It focuses a beam of protons that directly hit the Cancer tumor without affecting the surrounding body. The company who makes the machine almost has more orders than it can handle, with more starting to pour in. Clinical trials were held and the results just came back as extremely favorable! I could go on and on but I would rather you check it out for yourself. So I will provide some links for you. The name of the company is Accuray Inc. and it produces the Cyberknife. Stock Symbol (ARAY) and is trading in the $6.80 range currently. It IPO’d at $35 then the Markets got trashed and so did this stock and saw a low of $3.80. It has been slowly climbing back from that, recently hitting a high of $9.00 and now experiencing a normal retracement getting ready in my opinion to go over the next year back into the $20-$30 range. This treatment really works and the clinical trials results were what the company had been waiting for. This is the next step cutting edge technology to remove cancer tumors. The company website and a few other sites so you can research this for your self…

http://www.google.com/finance?q=NASDAQ:ARAY

http://www.accuray.com/

http://www.proton-therapy.org/

I am going to continue to accumulate shares up to $9-$10 share put away and forget about for a couple of years, I think this one will pay my Grandaughter’s College education.-jschulmansr

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==============================================

Subject: Two trending markets revisited and analyzed for you

Here is a video analysis of the S&P and Gold markets. The technical analysis was right on at the time, but those markets have changed quite a bit in the last few days. The S&P had a huge rally and Gold is climbing at a steady rate, so what’s the new analysis? Glad you asked!

Below are two free videos, one on Gold and one on the S&P, that gives us an in depth technical look into these markets. Again the videos are free and very informative. Just Click on the Links Below…

S&P Video Analysis:                                                    Gold Projections:

Also- Here’s your chance to analyze that stock you have been thinking about adding to your portfolio. Just enter the ticker of any company, name of a commodity, or forex pair and get your complimentary technical analysis. It cost you nothing and no payment info will ever be requested.

Click Here To Enter Your Symbol/s

===================================================

A new site that is in pre-launch state that will become a virtual world – chat, shop, play, videos, etc. Anyways they are giving free shares (that should become actual company shares) to anyone who signs up and more shares if you refer people.

===================================================

That’s it for now, sorry about the delay but if you saw and meet my Granddaughter Sophia you’d understand why the delay for my post. Have a Great Weekend! – Good Investing! – jschulmansr

Jeff Schulman Sr aka jschulmansr

twitter: http://twitter.com/jschulman

twitter: http://twitter.com/daresomething

Facebook http://facebook.com/jschulmansr

===================================================

Nothing in today’s post should be considered as an offer to buy or sell any securities or any other investments; it is presented for informational purposes only. As a good investor, consult your Investment Advisor/s, Do Your Due Diligence, Read All Prospectus/s and related information carefully before you make any investing decisions and/or investments.     – jschulmansr

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Sell in May and Go Away? I almost Did!

25 Thursday Jun 2009

Posted by jschulmansr in 10 year Treasuries, 20 yr Treasuries, alternate energy, Alternate Fuel Sources, alternative Energy, banking crisis banks bear market bull central deflation depression economic trends economy financial futures gold inflation crash Markets precious metals price protection recession safety silver plati, bear market, Bear Trap, best twitter apps, central banks, Comex, Currencies, currency, Currency and Currencies, dollar denominated, dollar denominated investments, Dow Industrials, economic, Economic Recovery, economic trends, economy, Fed Fund Rate, Federal Deficit, federal reserve, Finance, financial, follow the money, follow the news, Forex, Geothermal Energy, GeoThermal Power, gold, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, Green Energy, how to change, How To Invest, How To Make Money, IMF, inflation, Investing, investments, Jschulmansr, Junior Gold Miners, Latest News, Make Money Investing, manipulation, market crash, Markets, mining companies, mining stocks, oil, Paladium, palladium, physical gold, platinum, platinum miners, precious, precious metals, price, price manipulation, prices, producers, production, silver, silver miners, Silver Price Manipulation, Stimulus, stock market, Stocks, The Fed, Twitter, U.S. Dollar

≈ Comments Off on Sell in May and Go Away? I almost Did!

Tags

ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, bonds, Brian Tang, bull market, CDE, CEF, central banks, China, cobalt, Comex, commodities, Copper, crash, Currencies, currency, Currency and Currencies, deflation, Dennis Gartman, depression, DGP, dollar denominated, dollar denominated investments, Doug Casey, economic, economic trends, economy, EGO, Federal Deficit, financial, Forex, FRG, futures, futures markets, gata, GDX, geothermal, GG, GLD, gold, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, Green Energy, GTU, hard assets, HL, hyper-inflation, IAU, India, inflation, investments, Jeffrey Nichols, Jim Rogers, John Embry, Keith Fitz-Gerald, majors, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, NXG, PAL, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, power, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, SLW, small caps, sovereign, spot, spot price, stagflation, SWC, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

Yes, I almost did! However things are just getting too interesting. Unemployment up again and the market (DJI) is trying to rally, currently up 52 points! Unbelievable, when will reality sink in. We are stuck in a recession and the other “shoe” hasn’t even dropped yet. Don’t be fooled by this “suckers” rally! I hope you took out most of your profits on your non-resource related stocks, especially financials. I still stand by my claim we will see the (DJI) test 6500 again before we ever get to even 9000!

If you are into Forex here is a “gimme” Buy USD/RUB. My reason is simple, traders are starting to panic as Russia’s situation is growing worse. The world bank and the IMF have both stated the Russian economy is and will be stuck in recession for many years to come. As the traders unwind out of the Ruble they will go into US dollars. Don’t get me wrong I think the Dollar will continue to fall as the Fed and Bernanke are running out of ways to keep propping it up. I just think the Ruble will drop faster. Disclosure Long

For Gold and Precious metals. We have a perfect head and shoulders formation in place. If we break back thru $955 I think we have confirmation that Gold is going to mount it’s next attack at $1000 despite continued manipulation to artificially hold it down. Take deliver is the new Rally cry! Let’s catch them with their shorts down! Sorry, no pun intended!. Disclosure Long (Bullion and Stocks) Precious Metals.

Next as promised, here is my hot stock tip! (NGLPF) Nevada Geothermal Power. I like this stock for several reasons, first it is still “undiscovered by the street. Second, it is in the Alternate (Green) Energy Industry; so an Obama “darling”. Plus, their first power generation plant is ahead of schedule and due to come online in October of this year. It is currently tading in the 60-70cent range. I am buying all the way up to a $1 dollar level. This is another “buy and forget. I think it has the potential to be a 10 “bagger”. As always due your due diligence and read  the prospectus before you ever invest. Disclosure Long

Finally, I receive no compensation for any stock I mention here, these are my own personal trades that I share from time to time. If I ever do start receiving compensation for reccomendations, I will disclose that immediately. Good Trading!- jschulmansr

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Claim a gram of FREE GOLD today, plus a special 18-page PDF report;

Exposed! Five Myths of the Gold Market and find out:

  • ·        Who’s been driving this record bull-run in gold?
  • ·        What Happens When Inflation Kicks In?
  • ·        Why most investors are WRONG about gold…
  • ·        When and How to buy gold — at low cost with no hassle!

Get this in-depth report now, plus a gram of free gold, at BullionVault

====================================================

                                        – Trend Analysis Revealed –

Substantial moves like the ones that we have recently witnessed present opportunities to succeed or fail in the markets. Traders who stayed on the correct side of the trend were rewarded substantially.

Serious questions effecting your portfolio still remain:

– Have we seen the Indexes bottom or top?
– Is a reversal in the near future?
– Is it too late to go short?

Stay on the correct side of the market. Let our Trade Triangle technology work for you. It’s free, It’s informative, It’s on the money.

Free Instant Analysis delivered to your email inbox. Analyze ANY Stock, Futures, or Forex symbol.

Click Here For Your Free Analysis

=====================================================

Nothing in today’s post should be considered as an offer to buy or sell any securities or other investments; it is presented for informational purposes only. As a good investor, consult your Investment Advisor/s, Do Your Due Diligence, Read All Prospectus/s and related information carefully before you make any investing decisions and/or investments. –  jschulmansr

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Time to Take Delivery! Do it Fast…

11 Thursday Jun 2009

Posted by jschulmansr in 10 year Treasuries, 20 yr Treasuries, banks, bear market, Bear Trap, bonds, Comex, commodities, Contrarian, Copper, Crude Oil, Currencies, currency, Currency and Currencies, dollar denominated, dollar denominated investments, Dow Industrials, economic, Economic Recovery, economic trends, economy, Fed Fund Rate, Federal Deficit, federal reserve, Finance, financial, follow the money, follow the news, Forex, Fundamental Analysis, futures, futures markets, gata, gold, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, how to change, How To Invest, How To Make Money, hyper-inflation, inflation, Investing, Jim Sinclair, Jschulmansr, Junior Gold Miners, Latest News, Make Money Investing, manipulation, market crash, Markets, mining companies, mining stocks, monetization, NASDQ, natural gas, oil, Paladium, palladium, physical gold, platinum, platinum miners, precious metals, price manipulation, prices, producers, production, silver, silver miners, Silver Price Manipulation, small caps, spot, spot price, stagflation, Stimulus, stock market, Strategic Metals, Strategic Minerals, TARP, Technical Analysis, The Fed, Tier 1, Tier 2, Tier 3, TIPS, Today, U.S. Dollar, U.S. Government unfunded Debt

≈ Comments Off on Time to Take Delivery! Do it Fast…

Tags

ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, bonds, Brian Tang, bull market, CDE, CEF, central banks, China, cobalt, Comex, commodities, Copper, crash, Currencies, currency, Currency and Currencies, deflation, Dennis Gartman, depression, DGP, dollar denominated, dollar denominated investments, Doug Casey, economic, economic trends, economy, EGO, Federal Deficit, financial, Forex, FRG, futures, futures markets, gata, GDX, GG, GLD, gold, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, GTU, hard assets, HL, hyper-inflation, IAU, India, inflation, investments, Jeffrey Nichols, Jim Rogers, John Embry, Keith Fitz-Gerald, majors, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, NXG, PAL, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, SLW, small caps, sovereign, spot, spot price, stagflation, SWC, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

My fellow Investors, lately I have been hearing rumors going round about how many so called “safe warehouse’s bullion depositories” are about to be or are in process of being audited. Exactly, to find out if they have all the Gold and Silver they are supposed to be holding for investors. I just received confirmation from a very reliable source today – Jim Sinclair himself! If there is anything even slightly amiss, a panic will ensue for sure. So in order to protect myself and you my readers, I am recommending that you take delivery now and immediately. Yes, even from “Comex approved” warehouses.  I will include below the missive I received from Jim Sinclair today.  Ps- One other thing this will help accomplish aside from the most important fact of self/wealth preservation, it will definitely cause a “short squeeze” in the Gold and Silver markets and catch the big 3 banks with their shorts down! (okay pun intended! LOL!).

Now for the markets, the (DJI) is right back where we were a few days ago. 8750 (DJI) is still the key with upward resistance the big 9000 and support at 8500. I hope you followed my advice and took out most of your profits. You will never get hurt taking profits and remember you can always jump back in if you pulled the profit trigger a little early. Ps- today’s action looked awfully like a key reversal and the start of the next down leg. Remember, Treasury yields are going higher, Russia, China, and Brazil have all announced they are selling US Treasuries for IMF Bonds. The Fed can only keep buying Treasuries with the help of the printing press. How inflationary will that be? Otherwise, they have to let the US Dollar crash, in fact I think they are going to do both until it is too late…

Gold and Silver have been both inching slowly upward after the correction caused by the big 3 banks and their huge short positions. Everyone please write the CFTC and every other regulatory agency to investigate and stop the blatant price manipulation occuring in the Gold and Silver Markets. For More Info of Gold Manipulation go to www.gata.org.

Keep accumulating –  especially in Silver and Gold producers. I’ll have another sweet pick for you in a few days. Speaking of sweet picks did you see what happened with West Timmins Mining (WTMNF)? Hope you took advantage of my pick when I mentioned it here. Until the next time- Good Investing! – Jschulmansr

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==============================================

Subject: Two trending markets revisited and analyzed for you

Here is a video analysis of the S&P and Gold markets. The technical analysis was right on at the time, but those markets have changed quite a bit in the last few days. The S&P had a huge rally and Gold is climbing at a  steady rate, so what’s the new analysis? Glad you asked!

Below are two free videos, one on Gold and one on the S&P, that gives us an in depth technical look into these markets. Again the videos are free and very informative. Just Click on the Links Below…

          S&P Video Analysis:                                                    Gold Projections:

Also- Here’s your chance to analyze that stock you have been thinking about adding to your portfolio. Just enter the ticker of any company, name of a commodity, or forex pair and get your complimentary technical analysis. It cost you nothing and no payment info will ever be requested.

Click Here To Enter Your Symbol/s

===================================================

Claim a gram of FREE GOLD today, plus a special 18-page PDF report;

Exposed! Five Myths of the Gold Market and find out: 

  • ·        Who’s been driving this record bull-run in gold?
  • ·        What Happens When Inflation Kicks In?
  • ·        Why most investors are WRONG about gold…
  • ·        When and How to buy gold — at low cost with no hassle!

Get this in-depth report now, plus a gram of free gold, at BullionVault

====================================================

Here is what I received from Jim Sinclaire of JSMineset.com today…

“Nothing will unnerve the paper gold shorts more quickly and do more to undercut their confidence than to strip them of the real metal and force them to come up with more hard gold bullion to make good on deliveries. “Stand and Deliver or Go Home” should be the rallying cry of the gold longs to the paper gold shorts.” –Trader Dan Norcini
 
Dear Comrades In Golden Arms,

You know that information that comes to me has been reliable. You also know that the entire purpose of all of working here at JSMineset has been to get you through this safely. You also know that if we had not been here hundreds of thousands of people now holding gold would not be.
 
So please pay attention to the following.
 
I have heard rumors for some time, but today it was confirmed to me, that the Canadian mint’s present problems are not unique and that other depositories (vaults) have had an army of auditors descend on them in the last two weeks. Some of these depositories have names so famous that it would scare the hell out of you. The repercussions would be drastic if they turn out to be troubled.
 
Why take the risk?
 
I suggest to you now that you take delivery of all gold held in vaults and depositories on your behalf, but this time even from the most prestigious.
 
You can get delivery via armoured car service to your bank and utilize safe depository, spread over a few banks. You can insure your safe depository if you do not mind making your holdings public.
 
I believe that this recommendation is warranted, but also it will be the financial saviour of many.
 
Respectfully yours,
Jim

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The Gold, Silver, Oil & Natural Gas Report- Gold and Oil Guy

By: Chris Vermeulen of The Gold and Oil Guy.Com

The Gold, Silver, Oil & Nat Gas

Report

With so much happening in the market, emotions flying high and from being blinded by fear and greed many investors are wondering What do I do now?

I have put together some of my trading charts to help keep the overall picture clear for us commodity traders. My approach is very simple and effective when proper trading/money management is applied. FEAR and GREED are the two most powerful forces in trading and if you cannot stomach your trades when they go south, you most likely are trading to large of a position for your account size. Ok, I will try to stay on topic and not get into the education side of things J

The US dollar has had a massive rally considering the United States is in serious trouble. My thoughts are investors bought the USD as the entire planet started to crack thinking it was a smart investment. Which is could be a great play for the long term but I plan on covering that next week with monthly chart analysis for all these commodities.

I have heard a few analysts on CNBC say the US Dollar has broken its down trend. The question I am wondering is: What time frame are they looking at? The daily chart looks strong but if you zoom out and look at the weekly or monthly chart, we have not even made a higher high yet. Everyone sees the market differently that’s for sure.

The US Dollar – Head & Shoulders, Knees then ToesThis chart shows a perfect head and shoulders pattern which made a text book breakout. To keep this report short and to the point, the USD is at support and I expect we will see a rally higher to the 84 – 88 levels which would complete a larger head and shoulders pattern on the monthly chart. A breakdown from the monthly head and shoulders would most likely start the next major leg lower. The USD could rise here, thus pull the price of gold and silver down temporarily and that is why I have locked in some profits on these commodities.

 

 

The Price of Gold – Daily GLD Fund


Gold is currently pulling back from resistance and in my opinion forming the right shoulder which will complete this reverse head and shoulder pattern. Last week I took some profit on my gold position and currently hold a core position hoping prices will hold at my next support trend line. If prices breach that level ($91) then I will exit the balance of my position and wait for the next low risk setup.

 

The Price of Silver – Daily SLV Fund
Silver is in the same position as gold. I am expecting a pullback for a re-entry.

 

The Price of Oil – Daily USO Fund
Oil has been on the run since May. Oil had a near perfect breakout/buy signal (Risk was over my 3% risk setup) but many traders took advantage of this signal and are now experiencing massive gains. Tighten stops to lock in some profits and let the rest ride until the next support trend line is breached which will provide more wiggle room for oil to take a breather before moving higher again.

 

The Price of Natural Gas – Daily UNG Fund
Last week I provided the weekly charts with analysis of all these funds. UNG was the one that really looked exciting. On the weekly charts its very similar if not identical looking to the price action that oil had before it sky rocketing. This chart looks like a spring coiling tightly and getting ready to explode. Only time will tell but keep it on your trading platform!

 Trading Conclusion for Gold, Silver, Oil & Nat Gas

In short, the US Dollar is trading at support and could be starting a nice rally to form the second shoulder which can be seen on the monthly chart. If this happens I expect gold and silver will have some selling pressure.

Oil continues to rally and short term traders should be thinking about tightening their stops to lock in some gains on the first sign of a reversal.

Natural Gas looks locked and loaded for a big bang. I’m waiting for my signature setup before jumping onboard as it helps improve the odds of the trade going in my direction after I enter a position.

If you would like to receive these free trading reports or my trading signals please visit this link: Free Weekly Trading Reports – Click Here

If you have any questions please feel free to send me an email. My passion is to help others and for us all to make money together with little down side risk.

To Your Financial Success,
Chris Vermeulen
The Gold and Oil Guy

===================================================

Claim a gram of FREE GOLD today, plus a special 18-page PDF report;

Exposed! Five Myths of the Gold Market and find out:

  • ·        Who’s been driving this record bull-run in gold?
  • ·        What Happens When Inflation Kicks In?
  • ·        Why most investors are WRONG about gold…
  • ·        When and How to buy gold — at low cost with no hassle!

Get this in-depth report now, plus a gram of free gold, at BullionVault

====================================================

Nothing in today’s post should be considered as an offer to buy or sell any securities or other investments; it is presented for informational purposes only. As a good investor, consult your Investment Advisor/s, Do Your Due Diligence, Read All Prospectus/s and related information carefully before you make any investing decisions and/or investments. –  jschulmansr

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An Open Letter To Congress – STOP!

08 Monday Jun 2009

Posted by jschulmansr in 10 year Treasuries, 20 yr Treasuries, Austrian school, Bailout News, banking crisis, banking crisis banks bear market bull central deflation depression economic trends economy financial futures gold inflation crash Markets precious metals price protection recession safety silver plati, banks, bear market, bonds, bull market, capitalism, central banks, Comex, commodities, crash, Credit Default, Currencies, currency, Currency and Currencies, dollar denominated, dollar denominated investments, Dow Industrials, economic, Economic Recovery, economic trends, Fed Fund Rate, Federal Deficit, federal reserve, Finance, financial, follow the money, follow the news, Forex, Fundamental Analysis, futures, futures markets, gold, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, Government Spending, hard assets, How To Invest, How To Make Money, hyper-inflation, inflation, Investing, investments, Jschulmansr, Junior Gold Miners, Latest News, Liability, Make Money Investing, manipulation, market crash, mid-tier, mining companies, mining stocks, natural gas, precious metals, price, price manipulation, prices, producers, production, recession, S&P 500, silver, silver miners, Silver Price Manipulation, small caps, spot price, stagflation, Stimilus, Technical Analysis, The Fed, Tier 1, Tier 2, Tier 3, TIPS, Today, Twitter, U.S. Dollar, U.S. Government unfunded Debt

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 Today, the big 3 shorts tried to push and manipulate Gold beneath $950, however once again, they failed. Gold hit a low of $946 before bouncing back up and closing at $953. $950 is the new base of support for Gold. The Stock Market did manage to claw it’s way back to basically even/ unchanged for the day.-Good Investing! – Jschulmansr

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Subject: Two trending markets revisited and analyzed for you

Here is a video analysis of the S&P and Gold markets. The technical analysis was right on at the time, but those markets have changed quite a bit in the last few days. The S&P had a huge rally and Gold is climbing at a  steady rate, so what’s the new analysis? Glad you asked!

 Below are two free videos, one on Gold and one on the S&P, that gives us an in depth technical look into these markets. Again the videos are free and very informative. Just

Click on the Links Below…

 

          S&P Video Analysis:                                                    Gold Projections:

Also- Here’s your chance to analyze that stock you have been thinking about adding to your portfolio. Just enter the ticker of any company, name of a commodity, or forex pair and get your complimentary technical analysis. It cost you nothing and no payment info will ever be requested.

Click Here To Enter Your Symbol/s

I Decided to Make my voice heard today.

Today I decided to become involved and take action, here is the letter…  

Sent to my elected officials in congress; John McCain, Harry Mitchell,

and Jon Kyle.

 
An Open Letter To Congress – Stop!
 
By: Jeffrey S. Schulman Sr.
 
 
Dear Hon. Represenatives’s John, Harry and Jon;
 
     I have written to you many times before on various issues. Since my last communication, I am in process of becoming a District Committeeman for AZ. 5, 21. In addition I will be posting this letter and the results (actions you take), on my Blog, Dare Something Worthy Today Too! (https://jschulmansr.wordpress.com).
 
     Why I am writing to you this time is the question, “what are we doing to the financial futures of our present country, our children, grandchildren, and even great-grandchildren?” I am gravely concerned in light of the following…
 
     In May of last year the U.S. money supply stood at roughly $834 billion. Now, 1 year later, the Federal Reserve has created an additional $941 billion out of thin air. Pay close attention to those numbers…
 
·         The amount of new money (FRN’s) the Fed has created is roughly $107 billion     more than all the money that was in circulation just a year ago.
 
·         In other words, the U.S. money supply has more than doubled!
       Think about what this does to the value of your dollars, to your savings, to your paycheck, to your retirement income? A doubling of the money supply means your money is worth half what it was.
 
     Of course, your money’s loss of value won’t manifest itself overnight. It will take time for the Fed’s counterfeiting to drive up prices. But those who get the new money first will be able to spend it while prices are still low, increasing their wealth at your expense. 
 
     In addition, The Fed regulates banks, influences interest rates, and determines the size of our money supply through a complex process, called Open Market Operations, that involves buying and selling securities (mostly government debt). The Fed’s policies determine the value of your money, the health of the economy, and the
rates you pay to borrow.
 
     The Fed’s decision-making process is secret, using confidential information.
 
     Minutes of these secret meetings aren’t due until three weeks after decisions are announced.
 
     Transcripts of meetings don’t become available until five years later.
  
     Aside from the Chair, Fed board members serve the longest terms of any federal bureaucrat (14 years), and they can’t be fired for political reasons.

     The Comptroller General, head of the Government Accountability Office, is legally prohibited from auditing the Fed’s Open Market operations, and several other important Fed activities.
 
      The Fed is part of the Federal Government, but acts without any of the regular checks and balances.
 
     Next, The Fed and the federal government has made a lot of promises in our names. It has committed us to pay most of the health care expenses of the elderly (Medicare) and to provide them with a small stipend (Social Security). It has also borrowed trillions of dollars, to pay current expenses, which your children and
grandchildren will have to repay.
 
     Unfortunately, future revenues will be insufficient to fulfill these promises.
 
The Government Accountability Office estimates the future shortfall in funding at $53.3 trillion. Other experts say the number is almost certainly higher. This means that every full-time worker owes a staggering $440,000+, courtesy of government excess. Eventually, that debt must be paid, either in higher taxes, or in reduced benefits. These numbers represent a looming crisis of staggering proportions.
 
     Fortunately, there is still time to fix and reverse this crisis…
 
     The first thing I am asking you to do is co-sponsor and support Congressman Ron Paul of Texas bill that he introduced H.R. 1207, the Federal Reserve Transparency Act.
 
     This bill requires an audit of the Fed by 2010. Senator Bernie Sanders of Vermont has introduced the similar S.604 in the Senate. Please support and vote for these bills.
 
     Next I am aware that the federal government has future unfunded liabilities estimated at $53 trillion. Please stop ignoring this problem. Please start reducing spending now. Balance the budget now. And start retiring the debt now so you can stop spending so much of my tax money on interest charges.
 
     Finally and of critical importance (actually all three requests are of critical importance), In the 110th Congress, Rep. Ron Paul introduced three bills that would have brought the above benefits. He will re-introduce them this year, and they should be combined into ONE simple bill. The benefits in addition to stopping or at least
curbing inflation are these:

     Ending inflation would cause your money to buy more and more as the economy grows, instead of less and less, as it does today. Stopping inflation would also end bubbles and booms, and the recessions they cause.

       The three bills which should be combined into one simple bill are
these:
 
    The 15-word “Honest Money Act” would repeal the 41-word legal
tender law, which gives the Federal Reserve a monopoly over the money supply.
 
     The 104-word “Free Competition in Currency Act” would repeal the
69 words of Title 18 Section 489 of the U.S. Code, which gives the
United States government a monopoly over the creation of coins for use as currency.
 
     The 193-word “Tax-Free Gold Act” would prohibit federal and state
taxes on precious metal coins and bullion.
 
     The explanation on why we should repeal the Fed’s legal tender
and coinage monopoly is this:
 
     Every paper dollar you own carries the words “Federal Reserve Note” (FRN). This means they were issued by the Federal Reserve System (the Fed), a national bank created by Congress. The legal tender law gives the Fed monopoly control over what you use for money.
 
     When a currency is legal tender you are legally compelled to accept
it in payment for debts, even if you’ve made a contract to be paid in
some other currency or commodity, such as gold. Abolishing taxes on precious metal coins and bullion, and repealing both the legal tender law and the federal coin monopoly, would free you to use other currencies, gold, silver, or all of them at the same time,
including FRNs.
 
      If this seems like a strange new world to you, please realize that
you already live in this world to a certain extent.
 
     When you check-out at a store you can already pay using cash, check, debit card, or credit card, and you probably also have different accounts you use for various purposes. Repealing the legal tender monopoly would simply give you more choices.
 
     Choice is good because it allows competition. Monopoly is bad because it leads to price-fixing. And monopoly control over what you may use as money provides the greatest price-fixing power of all. It impacts ALL of your economic transactions. The Fed can manipulate the price of everything by increasing the number of circulating
dollars (inflation), or by decreasing that number (deflation).
 
     You already know what it means when counterfeiters inflate the money supply. They use their fake money to get something for nothing, taking wealth from others without creating any wealth of their own. It’s a form of stealing. But the long-term consequences of counterfeiting are even worse than the initial theft.
 
     If the counterfeit dollars were allowed to stay in the economy, instead of gradually being removed from circulation, the result would be an ever-growing inflation of the money supply. This inflation would trick businesses into making a disastrous mistake.
 

     Thus, if you were a widget maker you would see an increased demand for your widgets because of the extra dollars pumped into the economy by the counterfeiters. A sense of increased demand and increased wealth would be the “bubble,” or “boom,” that always follows an inflation of the money supply.
 
     Your widgets would start to fly off the shelves faster than you could make them. You would have to increase prices to maintain inventories and invest in new production to meet the increased demand. But this increased demand would be an illusion,
because . . .
 
     Everyone else would raise their prices too. And they’d increase them for the same reasons you did. Rising prices would remove the perception of increased wealth and soak up the extra spending power created by the counterfeit dollars. This would cause the demand for your widgets to shrink back to its old level, but with a wicked twist . . .
 
     The increased inventories and expanded production capacity you created in response to the inflationary boom would turn out not to be needed. Your widgets would start to gather dust on the shelf and you would have trouble paying your bills.


The result?
 
     You would lay-off recently hired employees and close your recently expanded production facilities.
 
      First came the inflationary boom, or bubble, and then the bust, or recession.
 
     Extra FRNs created by the Fed work exactly the same as extra FRNs created by counterfeiters. They allow those who get the dollars first to get something for nothing, followed by a boom, and then a bust.
 
     The Fed has numerous ways to create new FRNs out of thin air. Economists cloud these methods in complicated jargon, and the talking heads on TV make it all sound perfectly normal and even necessary, but the result is exactly the same as with illegal
counterfeiting.
 
     Given the above explanation it should come as no surprise that the greatest boom and bust in American history happened immediately following the Fed’s birth in 1913. Fed inflation put the inflationary “roar” in the “Roaring Twenties” followed by the biggest bust ever, the Great Depression.
 
     Past inflations, booms, and busts were created through essentially the same process, including the recent stock market and housing bubbles. The Fed is simply the government’s latest-and-greatest tool for legalized counterfeiting.
 
     Imagine what would happen if FRNs had to compete with gold, a form of money that can’t be significantly inflated or deflated because of its scarcity and durability. . .
 

     People would begin to have gold accounts that they would use to buy and sell. The ownership of the gold would be transferred back and forth using checks, debit cards, paper certificates (currency), and a few coins, just like with FRNs.
 
     When you went shopping you might start to see two prices, one in FRNs and one in a certain weight of gold. If the Fed inflated the number of FRNs you would see the FRN prices rise while the gold price would stay roughly the same.
 
     You would begin to prefer to pay the gold price, so you would want to be paid in gold too.
 
     How could the Fed stop the flight to gold? Only one way, Stop inflating the number of FRNs (printing more new U.S. Dollars).
 
     Congressman Paul has hit upon the easiest way to end inflation, and the booms and busts that follow in its wake. Simply repeal the legal tender monopoly enjoyed by FRNs, and the coinage monopoly held by the United States government. Stop taxing exchanges in commodity metals. Allow monetary competition. This would help end inflation.


But that’s not all . . .
 
     Forcing FRNs ( the U.S. Dollar) to compete with gold would also confer one other benefit. Over time the prices you pay will tend to fall as increases in economic efficiency (for example, technological improvements) lower the cost of production and increase the supply of goods and services. A stable money supply tends to become more
valuable over time, unlike an inflationary currency that constantly loses value.
 
     Once again I am asking you to Audit the Fed and support HR 1207, S.604. Next, reduce spending now! Balance the budget and start retiring U.S. Debt. Stop the manipulation of Gold and Silver Prices. Finally, Please sponsor and support “The Honest Money Act”, “The Free Competition in Currency Act”, and the “Tax-Free Gold Act”.
 
     We will remember your choices and actions, and your votes with our votes in the next elections.
 
Sincerely,
 
Jeffrey S. Schulman Sr.


My Note: Please Join me!, write your elected represenatives and ask them to support all of the measures listed in my letter.- jschulmansr

===================================================

Claim a gram of FREE GOLD today, plus a special 18-page PDF report;

Exposed! Five Myths of the Gold Market and find out:

  • ·        Who’s been driving this record bull-run in gold?
  • ·        What Happens When Inflation Kicks In?
  • ·        Why most investors are WRONG about gold…
  • ·        When and How to buy gold — at low cost with no hassle!

Get this in-depth report now, plus a gram of free gold, at BullionVault

====================================================

 

Nothing in today’s post should be considered as an offer to buy or sell any securities

or other investments; it is presented for informational purposes only. As a good investor,

consult your Investment Advisor/s, Do Your Due Diligence, Read All Prospectus/s and

related information carefully before you make any investing decisions and/or investments.

–  jschulmansr

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Here We Go Again!

04 Thursday Jun 2009

Posted by jschulmansr in 10 year Treasuries, 20 yr Treasuries, Austrian school, banking crisis, banks, bear market, bonds, bull market, capitalism, central banks, commodities, deflation, depression, dollar denominated, dollar denominated investments, Dow Industrials, economic, economic trends, economy, Fed Fund Rate, Federal Deficit, federal reserve, Finance, financial, follow the money, follow the news, Forex, fraud, Fundamental Analysis, futures, futures markets, gata, GLD, gold, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, hard assets, How To Make Money, hyper-inflation, inflation, Investing, investments, Jschulmansr, Make Money Investing, manipulation, market crash, Markets, mid-tier, mining companies, mining stocks, oil, Paladium, palladium, physical gold, platinum, platinum miners, precious metals, price, price manipulation, prices, producers, production, protection, rare earth metals, recession, risk, run on banks, S&P 500, safety, silver, silver miners, Silver Price Manipulation, sovereign, spot, spot price, stagflation, Stimulus, stock market, Stocks, Strategic Metals, Strategic Minerals, Strategic Resources, TARP, Technical Analysis, Ted Bultler, The Fed, Tier 1, Tier 2, Tier 3, TIPS, Today, U.S., U.S. Dollar, volatility

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Tags

ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, bonds, Brian Tang, bull market, CDE, CEF, central banks, China, cobalt, Comex, commodities, Copper, crash, Currencies, currency, Currency and Currencies, deflation, Dennis Gartman, depression, DGP, dollar denominated, dollar denominated investments, Doug Casey, economic, economic trends, economy, EGO, Federal Deficit, financial, Forex, FRG, futures, futures markets, gata, GDX, GG, GLD, gold, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, GTU, hard assets, HL, hyper-inflation, IAU, India, inflation, investments, Jeffrey Nichols, Jim Rogers, John Embry, Keith Fitz-Gerald, majors, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, NXG, PAL, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, SLW, small caps, sovereign, spot, spot price, stagflation, SWC, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

Here We Go Again! (DJI) Key make or break point 8750. The rah rah is working partially and so stocks continue to creep up. However after looking at Gold, Oil, and Treasuries we have to ask what is really about to happen. Here’s my take in one word… Inflation. Now let’s make that word a little bit more truer… Hyper-Inflation! Yes, my readers that is what is about to come up. You may now just be starting to hear the mainstream press talking about inflation fears, but still they have their heads in the sands and are going on ad nauseum about the glimmers of recover and how were are in a new Bull market for stocks. The only real Bull Market for Stocks are in the hard assests sectors i.e. Gold, Silver, Oil, and the like. Oh, don’t get me wrong, I think the (DJI) will make another stab at 9000 if it can successfully break thru the (DJI) 8750, (S&P 500) 975. Failure here means the beginning of the downward spiral all the way down to (DJI) 6500 again. The Dollar is doomed and is already on the way down. Just think what happens to your purchasing power with the Dollar going down and inflation kicking in? Definitely not a pretty picture!

Now for Gold and Silver is there any doubt? To the moon Alice! Do yourself a favor take your profits out now in Stocks and put them into hard assets.  The reason is simple, they tried to manipulate the prices yesterday by taking huge short and driving Gold down to $960 level. Then look what happened today Gold came screaming back. Gold will take out the $1007 barrier! There will be resistance and more huge short positions taken around $990 in a last vain attempt/manipulation to hold Gold back, but it will fail. Remember to preserve the purchasing power of your dollar is to buy Gold and Silver, especially Silver NOW! Get aboard the Precious Metals train now, it is leaving the station… Good Investing! – jschulmansr

ps- I promised a HOT Stock go to last section of today’s post.

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Claim a gram of FREE GOLD today, plus a special 18-page PDF report;

Exposed! Five Myths of the Gold Market and find out: 

  • ·        Who’s been driving this record bull-run in gold?
  • ·        What Happens When Inflation Kicks In?
  • ·        Why most investors are WRONG about gold…
  • ·        When and How to buy gold — at low cost with no hassle!

Get this in-depth report now, plus a gram of free gold, at BullionVault

====================================================

Today only One Article – I know you just can’t wait for the Hot Tip, so if in a hurry scroll down to bottom/end of post. But then COME back and read this article and click on the links within the article to learn what is really going on with Precious Metals price manipulation. -jschulmansr

Will a ‘Silver Bullet’ Finally Kill the Metal Manipulators?- Seeking Alpha 

By: Jeff Nielson of Bullion Bulls Canada

In my previous commentary, “Silver market fundamentals DISTORTED by bullion-ETFs”, I pointed out how (so-called) “bullion-ETFs” were (with rare exceptions) merely a tool of the manipulators – with two primary purposes.

First of all, bullion-ETFs soak-up billions of investor-dollars each year, which would otherwise be invested in real bullion, or in the shares of precious metals miners. Naturally, this has helped to depress the price of silver, and severely depress the price of silver miners – since almost all of the diverted investor-dollars were diverted from the miners, and not bullion, itself. I also showed how these fraudulent investment vehicles have been used to artificially inflate the supposed inventory-levels of silver stockpiles.

Specifically, at a time when actual silver inventories are at their lowest level in centuries, the (supposed) amount of “bullion” these funds claim to hold has singlehandedly resulted in “official” inventory levels tripling in just three years – after plunging by 90%.

Today’s market price is based upon these phony “inventories” despite the fact that the bullion-banks who claim to hold all this silver are never subjected to audits, to determine that they are not only holding enough silver to cover their custodial agreements with the “bullion-ETFs” – but are also holding sufficient silver to cover the MUCH larger “short” positions of these Manipulators (see “Silver Manipulation the worst in history – Ted Butler”).

Unless and until there is such a full and complete audit, the only rational assumption for investors is this supposed “tripling”of inventories is totally illusory, which also means that the “bullion” that is claimed to be held by these bullion-ETFs is also illusory.

As I have also mentioned before, it is elementary economics than any “good” which is undervalued will be over-consumed (relative to its current price). Thus, we have TWO extremely important dynamics which are setting up this sector for a final “implosion” of the criminal conspiracy by the anti-precious metals cabal.

First, price-suppression means the (actual) tiny inventories of silver are still declining not increasing. It is simply absurd to claim that with record, investment demand and declining mine production (due to the dramatic cuts in base metals production) that inventories are increasing. The under-pricing of silver simply confirms this trend.

Secondly, with real inventories only 1/3rd of what is claimed by the Manipulators, continuing to under-price silver (through continued manipulation) must result in a supply “squeeze” which inevitably causes the price to “spike” (and begin to correct toward some sort of medium-term equilibrium). Given that there has been no similar depletion of gold stockpiles (merely the transfer of ownership), it is far more likely that the final defeat of the anti-gold cabal will be accomplished via a default in silver markets.

The BIG question in the minds of all precious metals “bulls” is when and how will this final victory occur?

Many commentators have pointed to the rigged Comex markets in New York as the place where the final destruction of the Manipulators will occur. However, with the short positions of the bullion-banks, and their (supposed) “custodial agreements” with the bullion-ETFs being “two sides of the same coin”, then implosion could originate in either component of this fraudulent manipulation.

A bullion-default at the Comex (or “Crimex”, as some like to call it) is a very simple scenario. The Comex is essentially selling its phony, “paper” futures for less than any other bullion market. Thus, at some point, large buyers will simply step into this market and continue relentless, heavy buying until default occurs.

Specifically, there would be a “failure to deliver” of bullion to a buyer (or buyers) – who chose to hold their futures contract until expiry, and thus take “physical” delivery of real bullion. As has been reported by several commentators, apparently such a default nearly occurred just weeks ago (see “Did ECB save Deutsche Bank from Comex gold-default?”).

There has been a great deal of frustration among the “gold bugs” (in particular) that such a final “show-down” has not already taken place. However, perhaps we would all be more patient in this respect if we were to try to put ourselves in the position of such big “players”.

Looking at silver, based on fundamentals, it is totally obvious that silver is headed for a spectacular explosion in its price. At a time of record demand for gold and silver, there are lower inventories of silver (relative to gold and in absolute terms) than at any time in centuries. Simultaneously, the gold/silver price ratio is more unfavorable for silver than at nearly any time in history, currently over 60:1. The long-term price ratio (over thousands of years) is 15:1. Additionally, as “elements” in the Earth’s crust, silver is only 17 times as plentiful as gold. Thus, a 60:1 ratio is not remotely sustainable, even over the medium term.

Therefore, armed with the knowledge that investing in silver will yield a huge windfall for all long-term investors, do you (as a large “player” in the silver market) force the inevitable implosion now (and “kill” the proverbial “goose that lays the silver eggs”) – or, do you patiently use the Manipulators game against them: buying as much grossly undervalued silver as you can from these criminals, before their inevitable self-destruction?

From this perspective, it is suddenly much less automatic that the demise of the Manipulators will occur at the Crimex.

I would remind people about an event which went practically unreported last year in North America: at the time of AIG‘s near-bankruptcy, the European bullion-ETFs “guaranteed” by AIG briefly plunged in value – to a price MUCH lower than the nominal price of the bullion they (supposedly) held. The reason? Investors were “betting” in a clearly visible manner that if AIG was forced into bankruptcy it would not be able to honour its “custodian agreements” with these bullion-ETFs – leaving the investors in these funds holding paper and not bullion.

Thus, the outrageously expensive bail-out of AIG (over $180 BILLION, and counting) was not undertaken solely in order to secretly funnel roughly $10 billion into the vaults of Goldman Sachs. It was also bailed-out to prevent a domino-like chain of events. All it will take is for one “bullion-ETF” to default, and then the entire scheme/scam of the Manipulators would inevitably collapse.

The sequence of events is obvious: after seeing one group of bullion-ETF investors wiped-out (or nearly so) by fraud, then obviously the unit-holders for all (so-called) bullion-ETFs would demand thorough and honest audits of the bullion-banks who are essentially running these scams.

Even if the bullion-banks could scrounge-up enough bullion to cover their “custodial agreements”, there would be little if anything left over to “cover” their much larger “short” positions. With “blood in the water”, futures-buyers would obviously immediately start lining up for “delivery” at the Crimex – hoping to be the last buyer to grab some real bullion before the Manipulators were completely wiped out.

Thus, there appear to be three very plausible scenarios leading to the destruction of the Manipulators, and the explosion of the price of gold and silver.

  1. The frequently-predicted default at the Comex;
  2. The bankruptcy of one (or more) of the bullion-banks; or
  3. A default of one or more bullion-ETFs through a thorough audit being performed.

Given what the U.S. government has already shown it was willing to spend to “defend” AIG’s custodial agreements with bullion-ETFs, the second scenario would appear to have the least probability of occurring. However, there is still somewhere close to a quadrillion dollars of derivatives floating around in Wall Street’s private “casino”. Any surprise-implosion of a position in this market could create such unimaginable losses (hundreds of times higher than those of AIG) that a bail-out would simply be impossible to ram-through the corrupt, U.S. government – without literally setting off a second “American Revolution”.

Personally, I see the default of the bullion-ETFs to be slightly more likely than any other scenario for destroying the Manipulators. As with any scam, the larger it grows, the greater the likelihood of exposure. When bullion-ETFs were first created, their claim that they could buy infinite amounts of bullion, with zero “premiums” and store all this bullion for zero storage costs attracted little attention.

With the holdings of these bullion-ETFs rapidly approaching the total annual production of precious metals miners, and already being larger than the national stockpiles of almost every nation on Earth, this obviously-suspect “business model” will attract increasing doubt and skepticism among informed investors – until even blind/deaf/dumb “regulators” are forced to conduct a reputable audit of this sector.

For those hoping to read precisely when and where the Manipulators will meet their final defeat, I suppose you will be disappointed. Sorry, but I’m an “economist” – not a “psychic”. However, hopefully readers will derive some use out of this commentary.

First, because of depleted inventories, it is much more likely that it will be a silver default which “kills” the Manipulators, instead of a gold default. Secondly, as precious metals investors wait for this inevitable occurrence, you are reminded that there are three potential developments to watch for – and not just a “failure to deliver” at the Comex.

In the meantime, any/every investor who continues to add to his (or her) precious metals positions (preferably during short-term dips) is guaranteed to be richly rewarded. Given the extremely uncertain times in which we live, the reward of financial security is “precious”, indeed.

Disclosure: I hold no position in bullion-ETFs.

===================================================

One last note- I didn’t forget my promise, here is another HOT stock to buy and forget (hold). (WTMNF) a junior explorer West Timmins Mining. Currently trading in the .70 to .80 cent level.  I have mentioned before load up on the junior and mid-tier Precious Metals Producers, but to throw in some good exploration companies. West Timmins fits in the latercategory. They have the financing in place and are currently drilling. Here is a copy of one of their press releases from May 12th, 2009. I think it speaks for itself. -Good Investing! -jschulmansr 

WTM Intersects 13.64 g/t (0.40 oz/t) over 8.20 metres (26.90 feet) on North Zone Target, 100% owned Thorne Property, Timmins, Ontario

Bonanza grades confirmed including  41.30 g/t (1.20 oz/t) gold over 2.40 metres (7.87 feet) 

West Timmins Project drill program to be expanded

(Vancouver, May 12, 2009) – West Timmins Mining Inc. (WTM:TSX) (“WTM” or the “Company”) today announced that bonanza grade gold mineralization has been intersected from the North Zone on its 100% owned Thorne Property, part of the Company’s West Timmins Gold Project, in Timmins, Ontario. All three holes testing the North Zone returned high-grade gold mineralization, highlighted by hole GS09-31 which returned 8.20 metres (26.90 feet) grading 13.64 g/t (0.40 oz/ton) gold, including 2.40 metres (7.87 feet) grading 41.30 g/t (1.20 oz/t) gold.
 
“The North Zone adds another zone of high grade gold mineralization over significant widths on our 100% owned property package in Timmins. These results continue to confirm the presence of multiple high grade gold zones located in close proximity to each other in the West Timmins District. This clustering of high-grade gold zones is perhaps the single most significant characteristic of the Timmins Camp. History does appear to be repeating itself in the west end of the Camp” said Darin Wagner, President and CEO of West Timmins Mining. “WTM will immediately expand the scale and scope of our drill program on our 100% owned properties in Timmins and welcomes the recently announced expansion of the drill program on the adjacent Thunder Creek Joint Venture.”
 
WTM now has six expanding zones of high-grade gold mineralization located within 3 kilometres of each other in the West Timmins District: the Rusk and Porphyry Gold Zones on the Thunder Creek Joint Venture, the High-grade and Central sub-zones within the Golden River West Zone, the Hwy 144 Zone where high-grade intercepts have recently been reported and now confirmation of continuity and bonanza grades from the North Zone.

The North Zone is located along the northern flank of the Golden River Trend on WTM’s 100% owned Thorne Property. Historic work in the North Zone area has been re-interpreted based in large part on the recent discoveries of high-grade gold mineralization on the Company’s adjacent Thunder Creek Property and within the Golden River West Zone. This work has lead to the identification of a steeply plunging zone of high-grade gold mineralization. The North Zone mineralization is characterized by silica veining and flooding associated with significant visible gold mineralization and is very similar to many of the vein-style gold deposits in the Timmins Camp. Drilling has also intersected additional gold bearing structures beneath the North Zone, the NL1 and NL2 structures, which remain open for additional testing – again characteristic of gold systems in the Camp.

On-going exploration activities are focussing on the area between the Timmins West (now Timmins) gold deposit and the Destor-Porcupine Fault, located 5.0 kilometres to the south, where multiple gold-bearing systems have been confirmed within WTM’s extensive West Timmins Project land holdings. The Destor-Porcupine Fault is a deep-seat fault system which can be traced throughout the entire Timmins Camp.

Quality Control and Assurance

Geochemical results reported are from halved drill core samples collected from WTM’s 100% owned Thorne Property, part of the Company’s West Timmins Gold Project. Core samples were collected by employees and consultants in the employ of the Company and are subject to the Company’s quality control program. Sampling was conducted on site at the Company’s exploration office in Timmins, Ontario and sealed samples were transported to Swastika Labs preparation facilities in Swastika, Ontario. Samples were assayed for gold by standard fire assay- ICP finish with a 30 gram charge. Gold values in excess of 3.0 g/t were re-analyzed by fire assay with gravimetric finish and intercepts returning in excess of 8.0 g/t, or displaying visible gold mineralization, were re-analyzed by pulp screen metallic assaying for greater accuracy. The remaining half of the drill core is stored on-site at the Company’s Timmins exploration office. 

For quality control purposes blank, duplicate and analytical control standards were inserted into the sample sequence at irregular intervals. Mr. Darin Wagner (M.Sc., P.Geo), the Company’s President, has acted as non-independent qualified person for this news release. The qualified person has visited the project site, examined the intervals reported and, has verified that any significant analytical discrepancies have been resolved and that the reported results meet the Company’s quality control standards.

About West Timmins Mining Inc. (www.westtimminsmining.com):
 
WTM is focussed on the exploration and development of district-scale gold projects in the major gold camps of North America. The Company is advancing the high-grade Rusk and Porphyry Gold discoveries on its Thunder Creek joint venture in Timmins, Ontario and continues to test the nearby 5.0 kilometre long Golden River Trend. WTM also has active gold exploration projects in Mexico, highlighted by the high-grade Lluvia de Oro gold-silver Project in Chihuahua State. West Timmins Mining is based in Vancouver, British Columbia, Canada and trades on the Toronto Stock Exchange under the symbol WTM.
 
On behalf of the Board of
West Timmins Mining Inc.
 
“Darin W. Wagner”
 
Darin W. Wagner
President and Chief Executive Officer
For further information contact:
John Toporowski, Manager, Investor Relations
West Timmins Mining Inc., Vancouver
Tel: (604) 685-8311 / Toll Free: (866) 685-8311
E-mail: jtoporowski@westtimminsmining.com
 
The TSX has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.
 
For further details on West Timmins Mining Inc. please refer to prior disclosure at www.sedar.com. The securities described in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended, or under any U.S. state securities laws, and such securities may not be offered or sold in the United States absent an exemption from such registration requirements.
 
This press release contains forward looking statements within the meaning of applicable Canadian and U.S. securities regulation, including statements regarding the future activities of the Company. Forward looking statements reflect the current beliefs and expectations of management and are identified by the use of words including “will”, “expected to”, “plans”, “planned” and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward looking statements is subject to a number of risks, including those described in the Company’s annual information form as filed with the Canadian securities regulators which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward looking statements.  
>READ PDF – Complete With Maps and the Entire Press release

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Nothing in today’s post should be considered as an offer to buy or sell any securities or other investments; it is presented for informational purposes only. As a good investor, consult your Investment Advisor/s, Do Your Due Diligence, Read All Prospectus/s and related information carefully before you make any investing decisions and/or investments. –  jschulmansr

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What Happened to Reality?

01 Monday Jun 2009

Posted by jschulmansr in ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, Brian Tang, bull market, CDE, CEF, central banks, China, Comex, commodities, Copper, Currencies, currency, deflation, Dennis Gartman, depression, DGP, dollar denominated, dollar denominated investments, Doug Casey, economic, economic trends, economy, EGO, Federal Deficit, financial, Forex, FRG, futures, futures markets, gata, GDX, GG, GLD, gold, gold miners, GTU, hard assets, HL, hyper-inflation, IAU, India, inflation, investments, Jeffrey Nichols, Jim Rogers, John Embry, Keith Fitz-Gerald, majors, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, NXG, PAL, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, SLW, small caps, sovereign, spot, spot price, stagflation, SWC, Technical Analysis, TIPS, Today, U.S., U.S. Dollar, volatility, warrants, XAU

≈ Comments Off on What Happened to Reality?

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ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, Brian Tang, bull market, CDE, CEF, central banks, China, Comex, commodities, Copper, Currencies, currency, deflation, Dennis Gartman, depression, DGP, dollar denominated, dollar denominated investments, Doug Casey, economic, economic trends, economy, EGO, Federal Deficit, financial, Forex, FRG, futures, futures markets, gata, GDX, GG, GLD, gold, gold miners, GTU, hard assets, HL, hyper-inflation, IAU, India, inflation, investments, Jeffrey Nichols, Jim Rogers, John Embry, Keith Fitz-Gerald, majors, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, NXG, PAL, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, SLW, small caps, sovereign, spot, spot price, stagflation, SWC, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

Wow! Stocks continue to hang tough with perhaps some manipulation late Friday at the close to help kickstart todays big spike upward. So here we are again, $8750 (DJI) is big key test, failure here and we will then start the much needed retracement in stocks. There still is a bit of more room upwards to get to the 68% retracement band. I would definitely recommend pulling your stops up tight and maybe consider locking some more of your profits. This market movement has the feeling of a head and shoulders pattern and at the tip of the middle of the “W”. The wave extended itself from a 3 wave intermediate wave to a 5 waver. Be careful, very careful here as gold, oil, and the bond markets are all telling us the “other shoe is about to drop.

For Gold, hanging tough at this level and think we’ll see a push up into the $1000 level again as early as this week. Hi- Ho Silver! Love it! Hope you all bought (CDE) when I told you to. Even now with the 10-1 reverse definitely a long term profit machine! Keep accumulating, especially among junior and mid-tier producers. Many still selling for book or slighly above. Make sure have current or are about to begin production.  I would also throw in a few explorer’s for good measure. Same thing for Oil producers, find those with decent production as they will have some very tempting takeover plays.

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