an educated man is unfit to be a slave
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6-month chart, I'd say one last dip here into the end of the year or to start out 2013 to reset the slow stochastics and put the RSI under 30 as well as tighten up the bollinger bands, shake the tree a bit, maybe even test that support that bottomed out a few weeks ago on, then take a look at gaps to the upside, a lot may be tied to the price of gold though as well:
balls deep at 8.22... let's go, $11+ by mother's day... let's rock n' roll!
Told Peter Schiff to buy just now... like he reads emails from peons like me though, haha...
you are a smart man
Yup Fed 'privately' shifting money to bail out Europe, rumors of QE3 flying, and dollar sinking...
Intraday: gold +1.07%, RIC +3.60%, this trend will continue, stock is very light and not much trading in the float at this point.
Will soon shoot back up above $10, and a potential buyout target at this point, operating profitably, low P/E, and cash on hand in a safe environment of Canada/New Foundland.
RIC @ 9.04 - volatile, thinly-traded, and on institutions and hedge funds radar. Once the float is absorbed, then $GOLD inevitably moves towards and through $1800, $2000, what do you think will happen to RIC which sports a P/E under 12 with no debt?
Here's the 1-year chart below which shows RIC is very oversold, counting in fundamentals, this could be the most oversold this company has ever been:
I like this company a lot, you can add me as a co-mod if interested, I think with the current outlook and market conditions as well as price of $GOLD, this stock is worth $14. Once and if $GOLD breaks through $1800 resistance and shoots past $2000, this stock could easily be manipulated to heights unimaginable by just a few hedge-funds!
Mark my words.
RIC 9.33 - opportunities like this do not last long!
Hey, not on here much, an active single father and staying busy persuing life's dreams.
I've got RIC here at 9.33, what ya' think?
PM me... those few things (3 months late)... haha!
if you got facebook, we could connect.
Dr Ron Paul 2012 ! Was today a bottom-reversal in silver & gold?
Could be a nice spec. buy at this price.
Hi Bob, how sure are you this company is 100% legit, unlike FMNJ... remember that one?
***Totally sick move in SILVER***
Hyperinflation, check all commodities and how they've done since July. It's called HYPERINFLATION, not just INFLATION, but HYPERINFLATION!
Don't believe me? Go to http://www.futuresource.com and pull up various commodities charts and see how they've done since July. Cotton tripling in price? That is HYPERINFLATION folks!
The U.S. Dollar is collapsing, R.I.P. Federal Reserve Note, R.I.P. Federal Reserve Act of 1913, what will the Rockefellers and Rothschilds of the world do? Surely they've got a plan?
Rick Rule - Upside Blowout in Gold, Destabilization in Silver
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/3/1_Rick_Rule_-_Upside_Blowout_in_Gold,_Destabilization_in_Silver.html
Talks about how there's a scarcity in the silver to deliver in the March contracts...
James Turk - Short Squeeze in Silver Could Be the Big One
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/2/17_James_Turk_-_Silver_Squeeze_in_Silver_Could_Be_the_Big_One.html
*MUST SEE* Ron Paul Wins CPAC, Yet Media Deception continues!
http://www.zerohedge.com/article/fox-news-creates-fraudulent-video-discredit-ron-paul
Not so fast $SILVER - Double-top?
Pullback likely, saw front-page silver article yesterday on yahoo finance (very rare occurence!) - "technical traders" saying it "brokeout" - and I was trying to figure out what they based it off of and all I could see was because it traded above $30 for 4 straight sessions, wow what a joke?
Either way, it's at mighty resistance here, and if I wanted a healthy breakout to occur, I'd say give it AT LEAST another week or two before you make any plans!
Just my opinion, and if it breaks out, so be it, but I'd like nothing more then to the cup meet its cousin, the handle, at pennant station... if y'know what I mean...
Target ("fibonacci are you listening") dates Fri Feb 25th -(through)- Thurs Mar 3:
Also of note, there's some options expiring this Friday, $30 continues to be psychological and I wonder if it will be "allowed" to close above it? I guess we'll know within 40 hours.
And how about $GOLD? How sweet would another retest of the 150 day MA be, pullback into Friday February 25th, price of about 1333 giving the bulls one last GOLDEN OPPORTUNITY!
Surprising "bearish" post from me here, huh? Let's see what happens, ANYTHING is possible in a hyper-bull market, so predicting a pullback that will last longer then a week is pretty bold especially in the face of escalating global tensions and currency wars!
I will say, if my prediction remotely comes true, the chart will be just what I want for the month of March, I just hope my overconfidence at that point doesn't do me in! But get ready, March is going to be a wild month with the way the charts are setting up!
P.S. - Are today's doji's bearish and a sign of a short-term pullback as I'm predicting???
P.S.S. - How many silver traders are lined up and salivating at this point if $ILVER does close at a new high? That's probably one long line...
COPPER's pullback from record highs past 2 days, follow it. It's followed closely to the S&P 500 for instance in recent times, but today was definitely a notable divergence. Have to wonder, although early, if this is a sign the stock market is about to have a "pullback?" Even a pullback in "everything" over the next week, possibly two...?
Big-time bearish engulfing two-days ago, and today's close which erased all of the month's gains for a new closing low...
This with WFC are two indications of a strong BEAR argument for the market right now heading into the end of the month...
Coming to America? The internet off-switch?
Egypt Leaders Found ‘Off’ Switch for Internet
http://www.nytimes.com/2011/02/16/technology/16internet.html?src=busln
Wisconsin, not quite Egypt, but it's something:
Thousands protest anti-union bill in Wisconsin
http://www.kansascity.com/2011/02/15/2657714_wis-gop-poised-to-cut-worker-rights.html?storylink=omni_popular
CPM Group: Reports Of Physical Silver Shortages ‘Limited’
16 February 2011, 5:26 p.m.
By Kitco News
http://www.kitco.com/
There are some spot shortages in the physical silver market, but they are limited to higher purity metal in specific forms and locations at most, said commodities research and consulting firm CPM Group Wednesday.
There have been reports of shortages of physical silver circulating in the market, CPM Group said in a research note, but information about the market tightness has been “blown out of proportion by the silver conspiracy theorists who are trying to portray this as a much more cataclysmic event for the silver market.”
CPM Group explained that the tightness comes from the fact that refiners do not make 1,000 ounce bars, rather they make something called “silver shot” – also known as grain, powder, flake and/or sponge – because of demand from manufacturers.
“They do not waste time, money, and energy casting bars as their user clients do not want bars, and demand for sponge is very high due to increased demand in electronics and solar panels,” CPM Group said.
One-thousand ounce bars in silver purity of 0.999, the good delivery grade, are plentiful, but they said there is tightness in the higher purity 0.9999 and 0.99999 for two reasons. One, investors are buying more metal and two, refiners would rather sell higher purity silver in sponge, not bars.
Demand for photovoltaic cells used in the solar panels has surged, with growth accelerating in the second half of 2010, they said. The silver flake or powder used in this manufacturing must be of a high grade, which explains why there is tightness for silver of high purity. While producers of this specialized silver are increasing supply, there are only a few producers that source silver to the photovoltaic industry currently.
CPM Group said it has heard of only a specialized instance of actual supply tightness in the physical market. The firm added that there is talk in the market of shortages of 100-ounce investment-sized bars and coins, but its investigations dispute this. CPM Group said it surveyed Fidelitrade, Kitco, and Northwest Territorial Mint in the first week of February about the supply of these metals. “There were hundreds of thousands of ounces in 100-ounce bars available for immediate delivery, and NWTM said it was steadily producing more each day,” CPM Group said.
Regarding the rise in silver lease rates and the slight backwardation in March Comex futures prices, it said that lease rates are higher, at 0.8% versus 0.3% previously. Still, it said 0.8% lease rate is still very low, considering in the past 30 years lease rates have ranged between 3% to 6%. They also attributed the backwardation in futures to market congestion.
“In conclusion, there are short-term market developments along the lines of what CPM has repeatedly said to expect in February and March 2011, and there is spot tightness in high purity silver cast into bars as opposed to sponge. The rest is noise,” they said.
By Debbie Carlson of Kitco News dcarlson@kitco.com
LINK: http://www.kitco.com/reports/KitcoNews20110216DeC_CPM.html
Bernie Madoff points fingers at banks... gee, no, really? Captain Obvious... obviously the banks saw all the money being shifted around by this guy in his minions, surely he didn't keep millions upon millions under his mattress... but I guess when you can just type some zeroes and add a few comma's in a computer, stuff like this doesn't even make you blink. It's all just some digits on a computer... that's all it is, just a "wealthy" jewish guy, don't pay him any mind, welcome to the family Bernie (unfortunately someone had to be the fall guy so our alphabet organizations can look like they accomplished something!).
http://www.huffingtonpost.com/2011/02/15/bernie-madoff-banks-fraud_n_823832.html?ir=New%20York
South Carolina lawmaker asks if state should print its own money
More and more of this is happening across the states, this is what NEEDS to happen since many federal-level officials are SELL-OUTS.
We NEED to take our country back at the LOCAL and STATE levels to make the FEDERAL level obsolete.
Money TALKS and bullsh*t walks... this is powerful stuff taking place, Ron Paul 2012.
Link > http://www.boston.com/news/source/2011/02/_reuters_lee_ja.html
G20 TALKING ABOUT REPLACING THE "WORLD'S RESERVE CURRENCY!"
Yes, REPLACING.
Let's burn the forest down and plant some new seeds, who cares about the birds and the squirrels, they'll come back... right... riiight... riiiiiight?
Man, globalist bankers are sickos...
http://online.wsj.com/article/BT-CO-20110216-712685.html
How long before the U.S. NICKEL is outlawed? How long before the penny no longer exists?
My prediction, don't expect the 2012 NICKEL to be made of 25% nickel/75% copper, this is the last year to get your hands on something trading at over a 25% discount!
As far as the penny, even though it's made of zinc now, more and more not only is coming out on zinc as a viable metal in health and nutrition, but as inflation continues to escalate, I wouldn't expect the zinc penny to last, my prediction is it'll be gone by 2015. In fact, wouldn't be at all surprised if the penny is outlawed since inflation will get so bad, I can't imagine anything of such size being made of metal and the mint not having to spend more then a penny to make it.
Keep an eye on it. A good site to follow: http://www.coinflation.com
Grab nickels while you still can from the bank. They may not give you a loan, but you can still get nickels from them!!!
Nickels circa 2011 are like silver dimes circa 1963, MARK MY WORDS!
When this level of commodity inflation occurs, it's a strong sign that the currency is COLLAPSING, yes I said COLLAPSING. First sign of end game was $GOLD at $1,000 the ounce... we are now witnessing impoverished nations' people waking up (that's what happens when the water isn't fluoridated folks!)- People get pissed when more then half of their income is spent on survival day in and day out!
Ok, so if you were a "banker" who could print money out of thin air, what would you buy with it?
Look at soybeans, oats, wheat, these are food staples folks, RED SIRENS should be going off in your head when these are increasing over 30% y/y and social security benefits increased by guess what? ZERO F'N PERCENT! I suppose as long as this nation continues to subsidize manufactured inflation with welfare, food stamps, unemployment checks, etc. etc. the people will stay in their houses and wait for their check in the mail, what's going to get people in our streets like we've seen around the globe recently? Well, if this keeps up, it won't take much more of it...
Keep in mind, MOST of this move happened in the FINAL 3 MONTHS of 2010!
The U.S. debt (or should I say the debt of the PRIVATELY-OWNED FEDERAL RESERVE BANK ie. the "FEDERAL RESERVE BANK NOTE") is more then the combined GDP of the WORLD !!!
Ron Paul is the only republican candidate who not only will educate and wake up the masses, but has a chance to handily defeat Barack Obama. How can the media deny this guy with what has happened the past, 2, 4, and 6 years! It's time, people are awakening to this BS.
Even the "controlled" WASHINGTON POST had to recognize-
Ron Paul wins CPAC straw poll again
http://www.washingtonpost.com/wp-dyn/content/article/2011/02/12/AR2011021204403.html
That sounds extremely simplistic, if the oil standard ends, the dollar standard goes with it, and what happens when the dollar standard ends? ....