At first thought we were over there to keep cheap oil flowing to US. Now I think we went over there to restrict the flow to promote artificial scarcity. All that oil that they “discovered” bakken, gull island, Brazilian, etc. were known for decades. The claim that it takes $80 barrel oil for be profitable is bunk. Anything related to energy that is controlled by the biggies is a scam IMO. We are over there to promote debt by any method.
Comex silver
Silver futures has dropped $1.80 and cash is still the same. Some dealers are buying only. Where are all the sellers?
i was really hoping a little arbitrage in China would help the game. Maybe it will take a few days.
rno
exactly about Armstrong
he’s just another shill that wants to make money off of people. yes he’s been lucky sometimes. I’d be far more inclined to listen to someone like the Aden sisters any day before I listen to Martin. I don’t believe in his BS number system either. it might be novel, and he might have nailed it in the past, if this doesn’t guarantee Jack Schmitt into the future
Re: pgr 2.45 posting at 16:54 making it convenient to listen to Armstrong’s
interview yesterday with Michael Campbell. May I suggest you not take time out of a pleasant, relaxing Sunday afternoon for such a listen. Enjoy life instead. I did listen to the Armstrong interview when it was broadcast live on Saturday morning, and as a result of listening to it my portfolio and investment approach will not be changed when the markets open on Monday morning.
I think the postings by ment17 at 18:19 and by Auandag at 17:57 have it right. Have faith in whatever form of PM vehicles you have accumulated in your portfolio over the past months and years. Stay with it. My idea is to read Armstrong for a diversion but stick with your conviction in favor of the PM stocks and the gold and silver physical you have chosen.
Now I am going to enjoy what remains of this peaceful Sunday afternoon in the Puget Sound – Georgia Strait Basin. Happy PM investing, all. Equiz.
nations and buyers
in Russia , India , China are not buying gold because they are waiting on Armstrong lol
capitol flows from 201 AD will be the real reason LOL
I have it on pretty good information ( a little bird) that the Hong Kong bourse will not trade in physical until Armstrong give’s the go ahead…As Armstrong said only the real traders are looking at his computer models to buy gold .. He has a lock on the gold price .. and waits to unleash the hoard of physical buyers when it is time ..and for $400 please…
he has no gold to sell just his computer models ,,
he blasts the gold people because they give projections….. to sell gold .. Armstrong gives projections to sell paper reports …..
Armstrong may well be right .. but he has something to sell .. and it is big dough ..to buy his reports
R.E. Armstrong
So how often has he changed his tune? Oh yeah his computer told him. What about Sinclair? Who has more experience in the PM,s than him. And what about the huge debt and the unlimited paper smash downs. I live my life like my portfolio is zero! I will wait to see how it all pans out! Meanwhile life goes on.
Pgr
http://www.safehaven.com/article/20014/martin-armstrong-vs-his-model-vs-fractal-gold
Googled and found this. Goldrunner was right and I agreed with him at the time. Short term Armstrong not always accurate but long term he’s better esp with the Market he called that right on and has through history. Goldrunner used to post here. Hi Goldrunner if your out there.
armstrong
is he the only voice in town about gold .that can be correct ..his computers are for the real investors
long cold winter ahead ..if that be the case ..
ment
Pgr
He said something of a low in 2011 followed by high in 2015 follower by 4.3 about correction but since it wasn’t the low it was high that takes us from the high if think it was Aug 2011 plus his 4.3 correction number will take us to end of 2015 to early 2016. Memory helps too lol that just going by what I read.
goldielocks @ 17:06
Fersure I don’t know what to make of it all.
I’ve just started keeping notes of things I hear so that I can look back two years from now and laugh at them.
Treefrog
lol don’t drink and do that you could pass out, faint of heart or not. I live in Calif the mountains high and winding everywhere no big deal as long as no light come on anyways.
Pgr
Years ago Martin was looking for a low in gold around May June 2011 but instead went to a high which inverted everything I’m sure. Since he said something of a high them correction would then lead to a low 4.3 I think years later. If inverted from that high and assuming that time frame ( Aug high I think) that would lead is to a low end of 15 or early 2016.
goldi,
gila campsites. (camping, not rv-ing)
gila hotsprings campground is hard to beat. five bucks a nite (per camper) includes soaking priveleges in three gravel-bottom pools
temps around 105 farenheit. wide, flat flagstone steps, chainsaw-hewn seating for cooling off. riverside campsites with picnic tables. #4 is hard to beat.from silver city, nm, take nm state road 15 north. after you pass the gila river bridge, the turnoff to the campground is a couple miles on the right. route 15 is mountainous and twisty. not for the faint of heart. an hour and a half or so. shoot me an email. you’ll find it in the banana post.
ipso facto @ 16:27
Yes, I got good edumication today and some homework to do tonight:)
After listening to Armstrong though, I better just keep on like I have been – little buys here and there, keeping lots of dry powder in case of further down down down.
Last week somebody tweeted: “when you think you’ve found a good bargain, try to get it for 30% less”. (paraphrased)
Martin Armstrong on Saturday
My notes from the interview – just the highlights; he gave lots of explanation and qualifications in the duration.
> gold and silver lower into 2015
> gold is a hedge against gov’t not inflation
> Sept 30, 2015 looking like start of a world wide recession
> gold: (now 1216) targets are 1150; 875-915; 650-675
> silver: (now 17.90) another 30% down = 12.50
> dow: (now 17,280) to mid 20k range then a correction in 2016
> commodities in general weak into early 2016
> usd: (now 84.90) will go higher
> interest rates: as stock market continues higher, US is going to have to raise rates. In Europe after 2016 rates are going to take off to the ceiling.
For the complete interview listen to mp3 titled “SEPT 20TH INTERVIEW OF THE WEEK”.
http://moneytalks.net/article-and-commentary/michael-campbell/mikes-interview-of-the-week.html
Ororeef
History repeats, they supported the rebels when Russia was fighting them and looked what happened, they the Taliban turned on us as well as the problems they caused there and apparently haven’t stopped. If they do get out they should at this point causing problems being in middle and shouldn’t get the Christians out of there.
pgr2.45 @ 13:09
Looks like Wanka has answered your questions very thoroughly. Good luck. 🙂
but but but WANKA @ 14:24
my slabbed coins are so beautiful. The plastic is pure too, so clear. The grading means everything to me, I love brilliant super duper shiny coins with cool labels. I always like getting my homework “graded” in school. what a joke. Numismatists are even better, because they’re collectibles and can’t be confiscated. Another bold face half truth
Yes yes yes Ororeef
Let people fight it out first. When it finally spreads and comes over here, then we kick azz. But don’t waste the time and energy attempting to eradicate something that’s not controllable. Know your limits USA
Why are we there at all ?
It seems to me if the US has an abundance of Nat Gas,plenty of Oil in the Dakotas and texas, Louisiana,and a friendly resource rich neighbour to the North,and Electric Cars taking increase %,Solar Power the same.
Why dont we simply leave the Mid East and let the Sunni and Shiite do their thing until the last man standing is alone.Europe and Russia can get together for Nat Gas &Oil and leave the Mid East too.Japan will always be our partner and a link to Asia.Why not let Russia and Assad deal with the Mid EAST crazies.
We should be friends with Russia Germany and all of Europe! Russia is better able to deal with the Muslim countries.They don’t have this crazy notion about democracy in the mid east.
What is this nonsense that the US must remove dictators from the Mid East when they are the only stabilizing force in the area ? As long as Theocracy is the rule over there ,what is this nonsense about democracy .? They will never have separation of church and state and that is totally incompatible with democracy.
It was a mistake to take out Saddam and Mubarak and its a mistake to take out the Assad regime..The muslins are still in the 12th Century !
Everybody wants freedom,but they forget the 1st freedom is the freedom of choice.The Pilgrims came here for religious freedom ..that’s where freedom starts.
I cant think of a single Muslim country that allows religious freedom !WE should supply ALL the GUNS that every mid east country wants give everybody an AK and let them sort it out without us.Surely somebody will emerge that will realize that their religion is the only obstacle to freedom they have.
I am not anti Religion,many people have a need for guidance and morality ,even in America .The problem is Theocracy means absolute power and absolute corruption !They all want to become GODS.
Power hungry politicians have always wanted to become GODS ,going back to the Pharaohs.Nothing has changed in 5000 years.
There was talk about Obama being the black messiah ,same bullshit from Power hungry Politicians.The Romans had Caesar who they tried to make a GOD of him. No Gods in Government .! Managers only need apply ! The Founding Fathers got it right the First time and they have been under assault ever since !
Samb’s PM roadmap
I have been bearish since the early June-mid July rally was capped at only six weeks up. That is not a natural cycle and I gave it 2 weeks to go back up…it didn’t and I hedged in SLW puts which were sold last Friday. Now, I am looking for a bottom to re-enter in calls. The calls in June gave me 120% and the puts thereafter even better.
That was then and this is now. The primary caution in Gold that I have left is the ever closing NEM gap. So, another smack down Mon and or Tues would not surprise me. Silver however, is already there and should be at or very near the bottom.
So, we may see a bit more near term weakness with a REVERSAL UP by the end of the week. Powder still dry but ready to pounce.
WANKA @ 14:14 re ETF,s
I like the idea of PSLV .. thanks for reminding me of this one. I know lots of sheops were bad-mouthing this one when the premium was bouncing around 30%.
Ann Landers Bancroft Barnhardt would blast me for trusting accounts represented by zeroes and ones, but glumpys in the potato patch aren’t worry-free either.
A Prairie Home – new season
At the End of a Long, Lonely Day – Lynn Peterson
Wanka
It’s amazing. The US Mint publicly announced that their is no such thing as First Strike, as their inventory is co mingled. Yet, the grading companies kept on grading First Strike designations.




