Goldbears

[tr8dervic]

True to my word, I have been buying physical silver and gold the last few months. I hope all of you have too. Fiat money printing has always resulted in the same inevitable outcome...hyperinflation.

Protect yourself...even if only as an insurance policy.

My humble opinion,

Vic

[tr8dervic]

Looks like Gold/Silver prices are at critical multi year trendline support levels. If any more weakness there could be a brutal drop to 1000 or less for gold and 14 or less silver.

I hope so and I would welcome the buying opportunity.

I would be BIG buyer if that were to occur. With deficit money printing going on it's a no brainer that inflation is going to be revived no matter what.

All imho and gl to all.

Vic

BTW, all my future purchases are going to be physical gold and silver, not miners or paper or etf's. Do your own DD.

[profitconfidential1]

Financial experts are of the view that gold bullion prices will continue to decline in 2014, and may reach to the levels of $1,000 an ounce by the end of the year. All major banks and financial institutions are of the opinion that the recovery in the US economy and the exceptional performance of the stock market will dampen the investment in gold in 2014. However, this analysis forgets to take into account important factors such as the demand for gold bullion in China and India, and the incredible trust and reliability people have on gold. And most importantly, most of the times we have experienced that markets work opposite to the popular perception; in the current bearish perception about gold, there is a strong case to be bullish about gold.

http://www.profitconfidential.com/gold-investments/supply-shortage-gold-pits-one-talking/

[NYBob]

Global de-Americanization is Global de-dollarization -
De-crowning the dollar, and the ‘collapse’ ahead
By Michael Pento | CNBC





Caledonia Mining Journey to a new beginning -



http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93109270

http://www.caledoniamining.com/pdfs/CALPres-09042013.pdf

http://www.caledoniamining.com/CALPres09082013.php

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92756235



http://www.caledoniamining.com
God Bless

Ps.
http://investorshub.advfn.com/Caledonia-Mining-Corporation-CALVF-5294/

Why $50,000 Gold?

http://www.jsmineset.com/2013/04/19/why-50000-gold/

Outlook 2013-The_Irreversible_Trends_Driving_Gold_to_$10000 - 3

Outlook 2013-The_Irreversible_Trends_Driving_Gold_to_$10000 - PART 2

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92761354

Nick Barisheff, president and CEO of Bullion Management Group Inc,
discusses the irreversible trends that will drive gold to $10,000.

In a world where financial and geopolitical certainty is
evaporating, no one knows what Black Swan event could cause an
explosion in the gold price.
Some have suggested it will be the failure of a major bank through
derivative exposure, a Middle East war, or a major downgrade of
U.S. bonds might also be the catalyst.
In 2013, as has been the case since 2001, the best policy for
wealth protection remains to simply buy and hold uncompromised
bullion until we are once again on solid economic footing.

Hear Nick Barisheff's Outlook 2013 Part 1 Now!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86981008

[umiak]

Schiff is pumping gold and silver. Says dollar will fall further.

[tr8dervic]

Technical sell signal in gold generated this week imho. Vic

[tr8dervic]

That sounds bullish.

http://www.marketwatch.com/story/golds-sentiment-foundation-bullish-2012-04-10?link=home_carousel

[Rawnoc]

"Fifteen of 29 analysts surveyed by Bloomberg expect prices to decline next week and five were neutral, the highest proportion since Dec. 30. Imports by India may have plunged as much as 81 percent in March and could drop 40 percent in the second quarter, the Bombay Bullion Association said April 2. Indian jewelers, who sell more gold than Australian and U.S. mines produce in a year, were closed today for a 20th day."

[Rawnoc]

Gold Traders Bearish for First Time in 2012: Commodities

http://www.bloomberg.com/news/2012-04-04/gold-traders-bearish-for-first-time-in-2012-commodities.html

[Rawnoc]

Gold at 12-week low as Fed dampens risk appetite

U.S. dollar rallies against rivals; silver at lowest since Jan. 19

By Claudia Assis and Polya Lesova, MarketWatch

Last Update: 4/4/2012 02:42:44 PM

SAN FRANCISCO (MarketWatch) -- Gold futures on Wednesday sank to their lowest in
12 weeks, joining the selloff in stocks and other commodities after minutes from
the U.S. Federal Reserve's latest policy meeting undercut expectations for
further monetary stimulus.

Gold for June delivery (GCM2) declined $57.90, or 3.5%, to end at $1,614.10 an
ounce on the Comex division of the New York Mercantile Exchange. That was gold's
lowest settlement since Jan. 9.

Silver futures also posted sharp losses, with the May contract (SIK2) falling
$2.22, or 6.7%, to $31.04 an ounce. That was silver's lowest finish since Jan.
19.

"Dramatic selling in gold as good news for the economy became bad news (Tuesday)
as the FOMC dashed hopes of more easing," said in a note George Gero, a vice
president with RBC Wealth Management in New York.

After the steep losses and ahead of the long weekend, gold's next level of
support is $1,600 an ounce, said Charles Nedoss, a senior market strategist with
Olympus Futures in Chicago. Commodities and other markets will be closed Friday
in observance of Good Friday.

Minutes released from the Federal Reserve Tuesday signaled that central-bank
officials were less interested in another round of large-scale purchases of
bonds. Read more about the Fed minutes.
Click for Detail

Positive private-sector jobs data added to feelings more monetary easing is not
forthcoming.

Earlier Wednesday, Automatic Data Processing Inc. data showed the labor market
improving at a moderate pace, with private payrolls rising 209,000 in March.

The ADP report comes ahead of the Labor Department's report due Friday on
private- and public-sector positions

Meanwhile, the losses for metals came as U.S. equities traded sharply lower and
oil also sank. The Dow Jones Industrial Average (DJIA) recently dropped 148
points to 13,050. Read more on action in U.S. stocks.
Click for Detail

Oil futures declined 2.4%. Read Futures Movers.
Click for Detail

[tr8dervic]

yeah if the feds ever stop printing paper money.

[Rawnoc]

Gold And Silver Bullion Coin Sales Plunge In February

http://goldandsilverblog.com/gold-and-silver-bullion-coin-sales-plunge-in-february-0357

[Rawnoc]

The end of the gold bull is on the horizon

http://articles.marketwatch.com/2012-03-16/commentary/31197662_1_gold-prices-gold-bulls-gold-bugs

[Rawnoc]

Debunking the China, India metals myth

http://www.marketwatch.com/story/debunking-the-china-india-metals-myth-2012-03-07?siteid=yhoof2

[Rawnoc]

Beyond the staggering valuation given the existing stock of gold, current prices make today’s annual
production of gold command about $160 billion. Buyers – whether jewelry and industrial users,
frightened individuals, or speculators – must continually absorb this additional supply to merely
maintain an equilibrium at present prices.

[Rawnoc]

Buffet rips gold a new asshole in his annual letter out this weekend:

http://www.berkshirehathaway.com/letters/2011ltr.pdf

The second major category of investments involves assets that will never produce anything, but that are
purchased in the buyer’s hope that someone else – who also knows that the assets will be forever
unproductive – will pay more for them in the future. Tulips, of all things, briefly became a favorite of
such buyers in the 17th century.

This type of investment requires an expanding pool of buyers, who, in turn, are enticed because they
believe the buying pool will expand still further. Owners are not inspired by what the asset itself can
produce – it will remain lifeless forever – but rather by the belief that others will desire it even more
avidly in the future.

The major asset in this category is gold, currently a huge favorite of investors who fear almost all other
assets, especially paper money (of whose value, as noted, they are right to be fearful). Gold, however,
has two significant shortcomings, being neither of much use nor procreative. True, gold has some
industrial and decorative utility, but the demand for these purposes is both limited and incapable of
soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still
own one ounce at its end.

What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the
past decade that belief has proved correct. Beyond that, the rising price has on its own generated
additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis.
As “bandwagon” investors join any party, they create their own truth – for a while.

Over the past 15 years, both Internet stocks and houses have demonstrated the extraordinary excesses
that can be created by combining an initially sensible thesis with well-publicized rising prices. In these
bubbles, an army of originally skeptical investors succumbed to the “proof” delivered by the market,
and the pool of buyers – for a time – expanded sufficiently to keep the bandwagon rolling. But bubbles
blown large enough inevitably pop. And then the old proverb is confirmed once again: “What the wise
man does in the beginning, the fool does in the end.”

Today the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it
would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At
$1,750 per ounce – gold’s price as I write this – its value would be $9.6 trillion. Call this cube pile A.

Let’s now create a pile B costing an equal amount. For that, we could buy all U.S. cropland (400
million acres with output of about $200 billion annually), plus 16 Exxon Mobils (the world’s most
profitable company, one earning more than $40 billion annually). After these purchases, we would
have about $1 trillion left over for walking-around money (no sense feeling strapped after this buying
binge). Can you imagine an investor with $9.6 trillion selecting pile A over pile B?

Beyond the staggering valuation given the existing stock of gold, current prices make today’s annual
production of gold command about $160 billion. Buyers – whether jewelry and industrial users,
frightened individuals, or speculators – must continually absorb this additional supply to merely
maintain an equilibrium at present prices.

A century from now the 400 million acres of farmland will have produced staggering amounts of corn,
wheat, cotton, and other crops – and will continue to produce that valuable bounty, whatever the
currency may be. Exxon Mobil will probably have delivered trillions of dollars in dividends to its
owners and will also hold assets worth many more trillions (and, remember, you get 16 Exxons). The
170,000 tons of gold will be unchanged in size and still incapable of producing anything. You can
fondle the cube, but it will not respond.

Admittedly, when people a century from now are fearful, it’s likely many will still rush to gold. I’m
confident, however, that the $9.6 trillion current valuation of pile A will compound over the century at
a rate far inferior to that achieved by pile B.

[Rawnoc]

AEM is printing fresh 3 year lows as I type, WEEEEEEEEEEEEEEEEEEEEEEE!!!!

[Rawnoc]

Why Gold May Be Losing Its Glitter

Last Update: 1/13/2012 5:07:48 AM



By Claudia Assis
Of MARKETWATCH


SAN FRANCISCO (MarketWatch)--The bloom is off the golden rose.

Investors who have recently jumped on the gold bandwagon will need plenty of
patience this year, as the anemic global economy and better prospects for the
U.S. dollar combine to dim gold's allure.

While buyers are likely to see their gold holdings rise in value for a 12th
consecutive year, any advance is expected to be more modest than in recent years.

Muted returns from gold would test short-term traders. Yet those who own gold as
a long-term answer to currency concerns and for portfolio diversification could
find their patience is rewarded. Investing in gold-related companies is also a
reemerging trend.

"I don't think (gold) will be the slam dunk that it has been," said Jay
Feuerstein, chief investment officer at 2100 Xenon Group, a Chicago-based managed
futures fund. Short-term gold speculators are likely to have a tougher time with
the metal this year, he added.

The absence of catalysts to drive buyers to gold is affecting both demand and
price.

Gold ended at a record $1,891.90 an ounce last Aug. 22 as talk of additional
quantitative easing from the Federal Reserve reached a fever pitch. But gold is
down about 15% since then, closing Thursday at $1,647.70 an ounce. Prices fell
10% in December alone.

Still, gold managed a 10% gain for 2011, much better than the Standard & Poor's
500-stock index, which finished the year flat on a price basis.

Large and small investors alike have cut gold positions over the past year.
Holdings in SPDR Gold Trust (GLD), the largest exchange-traded fund backed by
gold, offer a good picture of the fund liquidation that has taken place in recent
months.

The ETF's gold holdings have remained around 1,250 metric tons for most of
December and so far this year, but that's still a 2.4% decrease from December
2010, when the fund had 1,281 metric tons. Holdings jumped 13% in 2010.

Gold investors have seen no signs that the Fed will ease anytime soon, while the
euro zone debt crisis has taken the euro down several notches.

European headlines still impact gold futures, to be sure, but increasingly the
metal has traded on U.S. dollar moves.

The dollar is seen as firming this year as the U.S. economy shows strength
relative to other developed nations.

If significant short-term gains are not in the cards, gold still has a supporting
role in a balanced portfolio, Feuerstein said. Gold is a hedge against inflation
and currency fluctuations, he added, though he recommended having no more than 5%
of one's portfolio tied to gold.

Feuerstein sees gold ending 2012 not much beyond $1,700 an ounce, with some peaks
and valleys along the way but mostly staying under the dollar's thumb.

That said, support for higher gold prices is rooted in Europe's unresolved debt
situation and ongoing concerns about the heath of European banks, Feuerstein
said.

One of the most optimistic forecasts for gold comes from Michael Widmer, a metals
analyst with Bank of America Merrill Lynch in London, who sees gold approaching
$2,000 an ounce by year-end.

The same forces that pushed gold close to $1,900 last year are still evident,
some analysts say, offering support for the metal. Moreover, gold serves other
purposes including being a way to offset currency risk, to insulate a portfolio
from global economic uncertainty, and as protection against "black swan"-type
geopolitical upheaval.

"We still have low growth in a lot of countries, and we still have high debt in a
lot of countries," Widmer said. He added that gold could trade in a wide range in
2012, possibly testing lows of around $1,450 an ounce, and he noted that he'd be
a buyer at that level.

Gold's massive run has left a cloud on gold-related stocks. Shares of gold miners
have greatly underperformed the metal itself, as the companies were weighed down
by rising production costs. But investors might want to give the miners another
chance.

Newmont Mining Corp. (NEM) has started a trend likely to be followed by more
companies this year. Newmont was the first to offer gold-linked dividends, a move
widely viewed as a response to criticism that miners have been hoarding cash at
the expense of their investors.

"You will see others do it," said Rick de los Reyes, a portfolio manager with T.
Rowe Price Group in Baltimore. Even if a company's dividend is not directly
linked to prices, dividend payouts will increase, he added.

De los Reyes manages a fund with about $800 million in equities related to base-
and precious metals mining. He's looking to buy more shares of smaller companies
rather than the safer, but less compelling, major gold miners, he said. Smaller
companies are likely acquisition targets and offer the best upside potential, he
noted.

De los Reyes cited three companies that share the virtues of having good
management and strong production growth prospects.

Eldorado Gold Corp. (EGO) is a "premier" mid-tier gold company, he said. "It is a
very well managed company with a pristine balance sheet," Unlike many of its
competitors, Eldorado has a long history of "underpromising and overdelivering,"
he added.

The others are smaller Agnico-Eagle Mines Ltd. (AEM) and Osisko Mining Corp.
(OSKFF).

Agnico-Eagle made a series of missteps recently, and it is expected to offer
lower earnings guidance next month, but de los Reyes said the market has already
priced in this event and is likely to reward Agnico going forward - not least
because most of the company's assets are in lower-risk countries such as Canada,
Mexico and Finland.

Osisko also had its share of operational issues and the stock has suffered
accordingly, but it is expected to ramp up production, de los Reyes added.

Claudia Assis is a San Francisco-based reporter for MarketWatch.

http://www.marketwatch.com/story/why-gold-may-be-losing-its-glitter-2012-01-13?pagenumber=1

(END) Dow Jones Newswires

January 13, 2012 05:07 ET (10:07 GMT)

[umiak]

I'm thinking, at some point they have to print some euros. Even a hint would cause gold/silver to rally. What else can they do? I think they(EU) stimulate this year.

[Rawnoc]

Gold & Silver falling on their unwiped assholes.

[Rawnoc]

rofl....dollar near a 52 week high....say good night to Gold and Silver.

[True Blue]

Rumor of a Sunday night take down in commodities tied to the MF Global fiasco. Short /YI to cover my ass over the weekend.

[umiak]

fyi, one of the clearer thinkers on cnbc went short(small) some gold. theory being no Q3 which gold price is expecting.

[Rawnoc]

There is a God...

http://blogs.barrons.com/focusonfunds/2011/10/14/new-etns-to-debut-monday-go-300-long-short-gold-silver/?mod=yahoobarrons

[Rawnoc]

Hunt Brothers had 1/3rd of silver.....

"During an CFTC hearing in January of 2010, it was reported that one trader held 23% of all open silver futures positions.  Presumably, this high concentration of silver exposure will not be possible if position limits are put into place."

http://www.gainesvillecoins.com/news/443/Gold-and-Silver-Market-Along-with-Other-Commodities-Await-October-18th-CFTC-Ruling-on-Position-Limits.aspx

History loves to repeat itself.

Silver Thursday part two coming?

[Rawnoc]

Silver Thursday repeat coming?

"the exchange rules regarding leverage were changed, when COMEX adopted "Silver Rule 7" placing heavy restrictions on the purchase of commodities on margin"
"the price began to fall again, dropping over 50% in just four days"

http://en.wikipedia.org/wiki/Silver_Thursday

Deja Vu?

CFTC has votes to pass position limits

http://www.reuters.com/article/2011/10/11/us-financial-regulation-limits-cftc-idUSTRE79A6GV20111011

[Rawnoc]

Me and Warren Buffett are clueless like that.

Even most precious metal investors are smart enough to know that speculation is driving the price rise -- they just think their speculation is correct.

If you find me an actuary on the planet that doesn't understand that, let me know. I would love to meet an actuary that fucking stupid.

[True Blue]

What dont you understand about the term Finite?? Afterall, youre suppose to be an ex-actuary.

[Rawnoc]

You may be a genius with RRC -- I have no idea nor care.

But if you can't even at least recognize the overwhelming evidence that speculation is driving precious metals, even if that speculation proves to be right, then you are living in La-La Land.

[True Blue]

I own 25000 shares of RRC that I bought at .52 and I havent sold that. Im must be some clueless f'en moron, huh.

[Rawnoc]

Has nothing to do with me. Your mentality is like an 80 year old clueless widow.

"but you said it was a bubble in June 2010 and it's higher now"

lol

If I was as clueless as you, I would retort with "but you said it wasn't a bubble in April 2011 and it's fallen on its fucking asshole since"

But that would be stupid to claim it's evidence.

[True Blue]

Your measuring yourself against me?? - lol

Keep pumpin your penny crap Raw

[Rawnoc]

Your mentally on investing reminds me of my sweet but clueless mother.

"but it keeps going up....it must be a good investment!"

lol

[True Blue]

You and the dumbshit that told me that silver was in a bubble in June 2010.

[Rawnoc]

I fully understand the concept of buying hard assets. But I, like Buffett, believe price is more important than what you buy and everything is capable of being overpriced no matter how vital that hard asset is.

Speculation is the #1 driver by leaps and bounds for precious metals. Whether that speculation is correct or not remains to be seen, but IMO anybody who fails to recognize that it IS speculation for now driving it primarily is living on La-La Land.

[True Blue]

Industrial usgae has and will continue to grow as well as investor demand.

[True Blue]

I dont understand why you dont comprehend buying hard assets. You are always making reference to Buffett and he is the king of hard assets.

[Rawnoc]

And this is different from the 1970s and early 1980s how?

growing investor demand - wide range of people fleeing fiat currencies for hard assets worldwide.

[True Blue]

Different market dynamic in the 80's. You had the Hunt brother conspiring to corner the market. Now you have industrial usage and growing investor demand - wide range of people fleeing fiat currencies for hard assets worldwide.

I read that the U.s. Mint will issue more Silver Eagles this year than all the Silver mined in the U.S. and they will still have to go into the market to make up for the short fall.

The word Silver is the term for money in 50 launguages.

[Rawnoc]

Then how come in the past there were times the precious metals did implode if what you claim is true?

Wasn't the early 1980s a bubble that burst?

[True Blue]

The numerous margin hikes have essentially made the comex a physical market. There arent many "small" speculators in the futures markets. Maybe some guys tradin mini's but that isnt a very liquid market yet.

I know the short interest is greater than the speculators. It isnt speculating if you trade it with cash in hand and very little leverage. You either stand for delivery or roll over.

BTW - silver doesnt implode if you are a physical owner. One day some of these derivative plays may implode but not the real deal.

[Rawnoc]

What makes you think that position limits will rally instead of implode precious metals? You think the short interest is higher than the speculative interest long?

[umiak]

Nice! :)

[True Blue]

Ive already made more money in the OTC silver market than I have invested in physical silver. Unfortunetly, they closed down that market because the leverage was too high. You could control a position with only 10% equity.

So my buy in price is nothing and I own over 7000 ounces. I think Ill be just fine - lol

[umiak]

I was referring to the quote from WB. No one is smart all the time, however, smart people know that about themselves.

[Rawnoc]

LOL, when the smartest investor who ever lived sells a commodity "too soon" it just means he's early.

He also sold some real estate he owned in Beverly Hills "too soon" -- what an idiot, right? ROFL!!

[True Blue]

Buffett isnt so smart. He owned silver and admits he sold too soon. He also said he didnt know much about it but that when he bought he thought it was undervalued. He didnt make very much. I think more people made money off him moving the price so much while he was buying than he himself made.

[umiak]

How'd he get so smart? lol

[Rawnoc]

"Now, for $7 trillion, there are roughly a billion of farm- acres of farmland in the United States. They're valued at about $2 1/2 trillion. It's about half the continental United States, this farmland. You could have all the farmland in the United States, you could have about seven ExxonMobiles, and you could have $1 trillion of walking around money. And if you offered me the choice of looking at some 67-foot cube of gold and looking at it all day, you know, I mean touching it and fondling it occasionally, you know, and then saying, you know, 'Do something for me,' and it says, 'I don't do anything. I just stand here and look pretty.' And the alternative to that was to have all the farmland of the country, everything, cotton, corn, soybeans, seven ExxonMobiles. Just think of that. Add $1 trillion of walking around money. I, you know, maybe call me crazy but I'll take the farmland and the ExxonMobiles."

~~Warren Buffett

http://www.moneyweb.co.za/mw/view/mw/en/page292681?oid=532605&sn=2009+Detail&pid=287226

[umiak]

On a most basic level if I had the choice between a barrel of oil and a couple bars of silver, I would choose the oil. Now, it is true that we live in a world where some can include things beyond the basics, still, fact is, the basics are imployed by all and oil can supply most of them.