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Will gold break under 900?
Are we headed to 850 or below? Any takers. I'm getting an itchy trigger finger and I'd like to hear some ideas on the subject.
Cheers,
"The Feds print enough $100 Dollar bills to reach the Moon when stacked flat" Ha ha. Good one fish777. Uh wait,it's funny because it's true. Deflation? Uh I don't think so nice try. If the Fed can print money to get to the moon what do we need NASA for? Oh wait, is'nt that going to put all those astronauts out of work? Oh no where are we going to put all this money. No worries, those astronauts can find work because Obama has the worlds biggest shovel ready project for them. It's called giant money pit project. Everyone in America will find work in digging the worlds biggest money pit. Way to go team we solved the crisis!
Next stop Dow 5000?
I thought gspg was somewhat sheltered from the madness out there. Guess I was wrong.he he. Keep selling suckers ( : Funny thing is happening with the dollar. Out of all the piles of crap out there it appears to be the less stinky pile of crap. People are flocking to it like fly's to shit. Temporary phenomenon. I'll be buying back some gold maybe in some weeks time. I'll wait and see how long it takes for this thing to shake out. For now cash appears to be king? Looking further down the road I would not want to be in USD and I think the smart money will start to move into gold if it appears to be cheap. Might break down below 900 if the Dow can get a dead cat bounce. This long road will have many twists, turns and pot holes but the destination remains the same.
Best of Luck to all!
GO GSPG!!!
Ya Bernanke is drinking the Koolaid. No politician has the balls to do the right thing. Only Ron Paul could have made a difference. It's funny I think some people actually believe this sucker might start turning in the second half of 2009. How is that possible? It's this attitude that hopefully will let me buy back gold even cheaper. I think this summer when this "recovery" appears not to be the case and people clue in to the big picture gold will start tracking up and beyond. The Chinese own 1 out of every ten dollars in every American's pocket and soon they will own it all.
Ya I agree about POG and GSPG. That's why I only sold off all my producers. Guess I did not make myself clear. Anyway, I'm still holding and will be adding if anyone is dumb enough to sell me some more gspg cheap. I'm actually contemplating doing a flip. I would like to buy some Canadian banks as they are still strong. Then flip the profits back into gold if the Dow reaches around 9000 and gold around or under 900. I'm sensing a head fake rally here. Risky I guess. I'll try to keep some power dry in case things get nasty. Alrighty then.
Best of luck,
Cheers,
Sold off the other half of my gold stocks today in the morning. Glad I did. They could not hold on to the gains by close. This is a normal healthy correction in gold and will give us an opportunity to reload at 900 or maybe 850 and below. I'll be loading up on all my miners and explorers including gspg. We should be comfortably over this 1000 barrier nonsense by the end of the year.
Cheers,
Darwind
Nice drill results. Easy as .123. Holding real nice today considering Barrick and the like are down roughly 10to12%. Glad I held on. I might be adding more. Looks gold might consolidate again down to 850ish then have another go at 1000 by years end? Or this could be a head fake. Guess we will see tomorrow. Like I suspected gold might be getting a little bit ahead of itself. Long term gold is looking sweet! Go GSPG!!!
Looks like we ran outta gas. I just sold half of all my gold stocks. Dammit. I thought we might jump to at least 1100. I'll be selling off the rest tomorrow if we continue to slide. Too bad I missed the top. I'm still long gold but I'll hopefully be buying back in at a cheaper price. What that price is who knows? Still holding my gspg and some of my other explorers since they don't care as much about price for now. Doh! Yes Darby you are correct the Chinese are going to buy more bonds. How much,who knows? They are not happy and once the Chinese get burned I doubt they will be buying more. I think this latest announcement is only to protect there existing investments. Hilary made it public so she could force there hand. Basically if we go down we are taking you down with us threat. I get the sense that the Chinese are losing patience with this tactic. Only a matter of time now.
Clinton goes begging for more money from the Chinese.
http://www.bloomberg.com/apps/news?pid=20601103&sid=apSqGtcNsqSY&refer=news
The Chinese will not buy more bonds.This is gonna get ugly.
You are all nuts!!!
Who cares if citi goes up or down when the US dollar
is headed down the crapper. http://www.iousathemovie.com/
Citi is Bankrupt because America is Bankrupt. Get with the big
picutre guys. Get out now while you still can. Don't say I did not warn you. sheesh
Choo choo,
Looks like the engineers think there might be enough passengers and finally let this train start to move. Finally a decent close. 1000 gold is waking up the sleepy heads. Get on board the train before she leaves station folks. Slow and steady climb to the top of Mount Davidson. ALL ABOARD THE MIGHTY COMSTOCK!!!
Cheers,
Darwind
1000 GOLD!!!
Let's go GSPG! Let's get a deal going and start picking those low lying fruits pay off the debt and then go for the BIG stuff!!! Good things come to those who wait. I'll be first in line to buy my gspg official Comstock commemorative gold coins and bars. Come on Jimmy don't let us down. All the little guys are pulling for you.
Cheers,
Darwind
Once Cramer is on board you know the end is near ha ha. I actually agree with some of the other analysts and I'm hoping gold is a little bit too far ahead of the curve and we should expect some healthy profit taking at 1000. The 1000 mark should get the dumb ass media talking heads going and we might get the sell the news effect. At least this is what I am hoping so I can beef up some of my positions at a lower entry point. It may have the opposite effect and blast through. I'm expecting 2010 and beyond to be huge for gold so I'm just adding where I can. I'm probably not alone in my thinking so a pull back might not happen. Oh well fingers crossed. Down gold down, bad gold. ha ha
Cheers,
Darwind
P.S lovin those results! Keep'em coming!
Next time with a mine plan and a 43-101 ( :
BOOM!!! The mighty Comstock has spoken
What the heck? What moron deleted my post? It is a film
by David Walker former head accountant for the white house. I'd say that this new film has alot to do with gold and silver prices
in the future. Anyway here is the link again for those who want it.
What really does not matter is that if you do some digging you will find that the Rothschilds and there bankster buddies own the Fed, the IMF, De Beers Mining, Reuters and the Associated Press, etc etc, the list goes on and on. IMF owns 1/3 of the worlds gold supply. The golden rule: He who owns the gold makes the rules.
Cheers,
Darwind
Is Fort Knox Empty?
Looks like the US might be going to the IMF
for a loan. Not clear but it does say it needs to go through congress. I guess the Chinese and the Saudi's bailed on lending
more cash. The IMF needs to sell 403 tons of gold to meet the demand for loans. We need to start mining fast. If anything, we need to move before the gov starts confiscating gold. ha ha. Uh wait I guess thats not really funny is since it's happened before. Doh!!! Damn you Rothschild!!!
http://money.ninemsn.com.au/article.aspx?id=750248
http://en.wikipedia.org/wiki/Gold_Reserve_Act
Cheers,
Darwind
Wow! Gold is up huge today! Broke through 930 like a freight train. Silver, is following close behind. I think the people have spoken as to how they feel about the stimulus package. If you can hold through all the turbulence and add on the dips gold should be over 2000 by 2012. Inflation might not kick in until 2010. Just my gut feeling on where we might be headed and if you can hold on until 2017 etc etc.
Cheer,
Darwind
Ed Balls makes ballsy prediction
Cheers,
Darwind
http://www.dailymail.co.uk/debate/article-1141410/I-pray-Ed-Balls-wrong-fear-hes-right-This-worse-Great-Depression.html
HR 833 Federal Reserve Board Abolition Act Introduced
Good Ole' Ron Paul introduced this bill before the house on Feb 3rd. It contains some form of a gold standard within the bill.
http://www.govtrack.us/congress/bill.xpd?bill=h111-833
Also here is a clip of Kucinich speaking before the house stating tha "Federal Reserve No More "Federal" Than Federal Express!"
Gotta love GATA!
Interesting interview with Bill Murphy.
Cheers,
Hey gang.
Long time no post. This is not exactly gspg related but it is related to the dollar and thus gold. I found it very interesting. Anyway it appears the BBC probably had it spot on back in 2006. Saddam signed his own death warrant by threatening to sell oil in Euro’s. What sounded like crazy conspiracy theory back then makes a whole lotta sense today. Crazy. Too bad GSPG does not trade in Euro's.
Sorry that ticker I got wrong. It's PC gold on the TSE. PKL.
Cheers,
D
Thanks stkjunky,
I'll take a look see. I'm more interested in silver right now as it still looks very over sold and I'm loaded up on gold. The only two I'm liking right now are paan.to and slw.to Thanks, tips are always appreciated. I have a wild one for you. Pickle Crow mine. ticker PLK. Merry merry.
Cheers,
Darwind
Goldcorp down 12.35% Silver Wheaton down 11.74% Goldspring only down 10.79%
I know gspg is on another planet compared to these stocks but it looks like there is a broad sell off across the board today. So everybody keep your pants on. This is nothing for gspger's. This is the pull back I have been waiting for. Today is a good day to take a nibble at some gold and silver stocks, if it goes down some more tommorow take another nibble. Merry merry to one and all.
Cheers,
Darwind
There is NO silver at spot.
Hey gang,
I have been trying to get my hands on some silver bullion bars this past two weeks. Bloody good luck with that. You can order gold bars through Scotia bank no problem but silver is another story. Scotia has now even stopped selling the silver certificates because they don't know what the hell is going on. I think someone is trying to corner the market again. Anyway, I think the real story on GSPG might be the bloody silver. Everywhere I've called no silver anywhere to be had except for coins with massive mark up. People are selling Silver bullion on Craigs list and Ebay for 4 to 5 times spot. Does anyone know of any good quality silver mining stocks out there? I can still get a 100 OZ certificate from Royal bank but there is a big mark up and no guarantee on physical delivery.BS. Anyone know anything about Silver Weaton? There is such a huge disconnect between the street price and the market price. Something is definitely up. The whole thing stinks to high heaven. Bloody joke.
Cheers,
Darwind
Analysts Are Bullish on Gold: Should You Be Worried?
http://seekingalpha.com/article/108983-analysts-are-bullish-on-gold-should-you-be-worried?source=yahoo
I'm not worried. JP Morgan is trying to suck up all the silver out there and I'm trying to buy up as much as I can before they get it all. Gold and silver run together. Hmmmmm, so glad we have both in one investment.he he. Now we just need to hit some geo thermal energy to make it 3 for 3. Goldspring's properties run through some serious hotspots, with ground above 200 deg. C. http://www.ormat.com/businesses.php?did=29. Geo thermal is better than solar and wind because it is a constant supply of energy and it has better power output. You never know 3M started out as a Mining company too. 3M's stand for Minnesota Mining and Manufacturing Company. Now they make post it notes? Gold Silver Geothermal Spring. GSGS? ha ha. Long and strong.
Cheers,
Darwind ( :
Man sells house to buy gold!
http://news.bbc.co.uk/2/hi/uk_news/magazine/7657178.stm
This guy just might be on to something. I'll be buying some Royal Canadian mint 1 oz bars soon as well. Scotia Bank has pretty good rates. Happy turkey day to to our American friends from another Canuck up north.
Cheers ( ;
Darwind
Interesting read for anyone interested in the Bloomberg lawsuit
against the Fed.
Bloomberg pulling one stone from the dam could lead to this.
A Change to the Statute. I wonder if this is what Obama means when he says the government is going to dramatically reduce the cost the government has to do business.
According to the Fed’s website, the control Congress has over the Federal Reserve is limited to this:
"[T]he Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute."
As we know from watching the business news, "oversight" basically means that Congress gets to see the results when it’s over. The Fed periodically reports to Congress, but the Fed doesn’t ask; it tells. The only real leverage Congress has over the Fed is that it "can alter its responsibilities by statute." It is time for Congress to exercise that leverage and make the Federal Reserve a truly federal agency, acting by and for the people through their elected representatives. If the Fed can demand AIG’s stock in return for an $85 billion loan to the mega-insurer, we the people can demand the Fed’s stock in return for the trillion-or-so dollars we’ll be advancing to bail out the private banking system from its follies.
If the Fed were actually a federal agency, the government could issue U.S. legal tender directly, avoiding an unnecessary interest-bearing debt to private middlemen who create the money out of thin air themselves. Among other benefits to the taxpayers. a truly "federal" Federal Reserve could lend the full faith and credit of the United States to state and local governments interest-free, cutting the cost of infrastructure in half, restoring the thriving local economies of earlier decades.
Cheers,
Darwind
P.S I know this sounds like nutty conspiracy theories. Unfortunately it is all fact and the information is available to anyone who seeks it. Cheers to Bloomberg for beeing the first to officially make the move. The child who screamed at the top of his lungs "the emporer has no clothes on". Gold ^ USD v
Bloomberg Picks a Fight With the Fed!
http://seekingalpha.com/article/105282-bloomberg-picks-a-fight-with-the-fed-on-disclosure
Because the Fed is a private business run by crooks they are accountable to the law. Trials of this nature take alot of money and time and alot depends on how much Obama will be willing to expose the Fed system at the expense of the dollar. How deep down the rabbit hole will Bloomberg be aloud to go? Finally someone who has the balls to stick up for the little guy. GO BLOOMBERG!
Cheers,
Darwind
Jump on the gold train
http://finance.yahoo.com/tech-ticker/article/133689/Peter-Schiff%3A-Opportunity-of-a-Lifetime-in-Gold%2C-Intl.-Assets----Not-U.S.-Stocks
Cheers,
Darwind ( :
Hey gang,
Remember what I posted in a previous messages about Canadian gold producers on the TSX. Convert your greenbacks over to Canadian now and recieve over a 20% exchange rate. Plus Canadian gold producers are up 20% today. Hey thats a 40% profit, ne bad. GSPG will do what it wants for a while until gold is in the news again. So...In the words of GNR
A little patience, mm yeah, ooh yeah,
Need a little patience, yeah
Just a little patience, yeah
Some more pati... (ence, yeah)need a little patience...
Until they start producing or have some positive news we will just have to sit tight. Viva la Gold! Viva La GSPG! Up and down from here. Fasten your seat belts for a bumpy ride up. ( :
My top TSX gold stock picks are as follows.
GoldCorp and Barrick for reserves
Yamana for track record and performance
Iamgold for good debt to profit ratio
Cheers,
Darwind
Hey Sakomoney,
I agree. Sorry for drifting off topic. I do not want this board to turn into a political debate but in the absence of gspg drill updates as of late I thought it might be interesting to think about the bigger picture for a bit. GSPG is a long hold as far as I'm concerned. I'm actually less worried about it than some of my other big name stocks. The G20 is going to be a series of meetings stretched out over a period of time. just as GSPG is going to be a series of events over maybe 3, 4, 5 years. It takes time to consolidate the comstock and it will take time for the US dollar to be debased and for silver and gold to rise. Fortunately for us these two events are working perfectly in sync. I agree the Obama magic wand effect may give some hope and confidence back to the markets. We hopefully will see a rise in the stock market. I'm hoping for this so I can dump the rest of my investments and by more precious metals. ( : Reality will eventually rear it's ugly head for Obama. An economic turn around of the US from a consumer based economy to a producer based economy will take a lot of time and money. Let's put it this way I like Obama but unfortunately I have more faith in a penny stock than i do in Obama's turn around plans.
Cheers,
Darwind ( ;
Bretton Woods II ?
Interesting article
http://blogs.reuters.com/great-debate/2008/11/14/no-new-bretton-woods/
I think the US is using there apparent unwillingness to regulate as a bargaining chip. It's all they have to bargain with right now other than maybe selling Alaska. Why hold a meeting just to say that your not going to change, ha ha. They may be able to buy more time or perhaps use it as a concession for more foreign loans from China. In the long run these shenanigans are just going to tick the 19 countries off even more. Who in there right mind would loan the US money right now? US will hold out on these meetings until someone throws them a bone.
End of an Empire
The only thing all empires have in common is eventually they are replaced by new ones. The Romans, the British, the Ottoman, the list goes on and on. It's amazing to me how fast the American Empire is crumbling and how one man has swung the final blow of the axe. The G20 talks in Washington this weekend signal a passing of the torch from one empire to the next. It is obvious to all that the US has abused its position of power and is no longer a suitable stable currency for the world to depend on. I'm certain that talks will be focused around dethroning US dollar as the default world currency and how foreign banks can dump US dollar in an orderly fashion. This transition of power will not happen over night. Most of public are unaware of the impending change. Only one thing is for certain. In times of uncertainty precious metals will be the only place left to turn. Oil "black gold" is also being questioned as a safe place to invest.. Patience is key as transitions of power like this sometimes take years to unfold. History may tell that the G20 meetings held Nov.15th 2008 signaled the beginning of the end of US dominance in the world. Hold on to your gold and gspg ( ; . It's going to be a wild ride.
Cheers,
Darwind
Have fun but be diverse
At this stage in the game it would be prudent to treat GSPG as a lottery ticket with very favorable odds. From the research I have done I am confident enough to role the dice with this company and go along for the ride. That being said it is only a small portion of my portfolio and one should also consider buying actual physical gold and have precious metal stocks in non USD funds. Currently the Canadian gold producers are very attractive and as long as you buy them on the TSX you will get a near 20% exchange rate when you convert over to Canuck bucks from USD. You get the added bonus that when commodity prices rise so too does the Canadian dollar. Not to mention that many pay some nice dividends. Just some food for thought. By the way the G20 meeting is Nov.15th. Probably discussing an orderly exit strategy out of the USD. The house of cards is burning and everyone wants out. But how? An interesting dilemma to be sure. The only thing I wonder now is what rogue country is going to break ranks and start dumping USD on the sly, thus creating a rush of panic selling. I wonder if they can keep it together. Should be interesting. We may not hear of anything until from this meeting until 2009 when new administration takes office. Poor Obama. I would hate to be that guy right now. Just my two bits. Prepare for a wild ride.
Cheers,
Darwind
Looks like Peter won the bet
Interview from 2006
Gold Rush 21
http://video.google.ca/videosearch?q=gold+rush+21&hl=en&emb=0&aq=f&aq=f#
Cheers,
Darwin ( ;
Gold! Sales Soar Amid Volatility
http://www.cnbc.com/id/27439963
Hi,
I have been reading this board for quite some time now. It is by far the most level headed and polite board out there. Anyway I just thought I should sign up and contribute a litte since I have been taking so much from this board. I found an interesting link. Looks like the paper price might actually catch up to the street value soon. 2009 is going to be interesting.
Cheers,
Darwind ( ;