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The more correct analogy might be, what did they say about the wheel on the buggy.
I have to agree with sagan. A gold currency standard isn't coming. It's sets up an impossible relationship between countries with gold and those without.
I don't think gold is reacting to MidEast upheaval. That's what they like to say in the media. Gold is reacting to trading forces that took it up end of year portfolio painting, then the shorted dump, then covering and this weeks futures exp.....and maybe China's efforts to buy US banking.
The media likes to paint a simple, understandable picture.
'pick up the phone and dial, it's easy.'
Actually, it's probably pretty difficult, if you don't have a rotary phone.
'in the land of make believe everything goes off without a hitch and everyone is happy. but this is real life! '
Even in real life, candid, honest information is expected and not out of line.
People who have funded this companies operations and survival, deserve that. If you don't think so, you are the one living in the land of make believe.
'Jim Sinclair never called a date,'
Jim Sinclair was willing to bet one million dollars that the POG would be 1650 by Jan 14, 2011.
I've read Sinclair for years, I've talked to Sinclair, I live not far from Sinclair and I can understand why there are so many people out there that are very angry at him. His timing has been terrible.
A friend of mine lost over a quarter of a million bucks on Sinclair's timing.
The problem is that Sinclair is always wrong. And I mean, always. You know how many times Sinclair has said, "It's now!"
Also, targets are no more likely to be even numbers than any number.
The daily gold target is 1529.04 and the weekly is 1772.05. (Silver weekly target is 34.48)
And if you think I'm just shooting my mouth off, I called the last profound gold target of 1387 over a year ahead of time. 1387 was a profound target and pivot point that began the present sideways correction channel and has been the number around which gold has coiled ever since.
After gold finishes above 1405.97 for 4 days, it will be free to run to 1452.97 resistance, then onto 1529.04
Anybody here not believing me?
Write it down.
'The Chinese know where gold is going'
Ahhhhh, they must have somehow hacked my chart. Holding 1355.27 and the target is 1772.05.
Actually, even if it doesn't hold 1355.27. It just has to hold over 1226.53.
Here's hoping Doug starts holding some gold.
'bought more shares of stock.'
Huh??? Could you please repeat that. Maybe I did hear correctly.
eye,
Why don't you cool it for a while. I've had my doubts and disappointments with SGCP, but for me this is simply about money. For you, it appears to be all about a bruised ego. And the more you say, the less impact you have.
Something uncharacteristically positive from me. Holding over .0023, the macd/adx is in a nice pre momo position.
Finally, looking poised. It needs to hold .0023 for 4 days. I don't think we actually need released news to run to .0041 now.
just my truly humble opinion.
Thanks for the answers. A few weeks ago I added a few hundred k shares to what I've been holding.
I haven't been trading any of it, even though I consider myself a trader.
I've put it pretty much out of sight and mind. Like a lotto ticket stuck in my wallet for good luck.
Good Luck to all here.
I have a question, does anybody have any idea as to how close we actually are to the fully diluted 2 bil authorized? As of now, not Sept. 30th.
I'm trying to get a handle on wether we make it to a revenue stream without getting an ugly surprise.
Or is that impossible to ascertain?
Does John answer those kind of questions?
I've been posting 1460 as my daily POG target, but I reworked the fibs this morning using the newer highs and lows. 1406 is now support, 1452 next real resistance and 1529 is now the target. What is cool is, the last time the adx was this low, the pog ran up 200 bucks fast. 1607 is now my monthly target.
If SGCP can just find a little. Would be nice.
'What happens if they continue not paying?'
Nothing.
marty,
I'm all in gold stocks. Only intraday pincher's there. But the thing is, if you believe in a gold bull market. You have one sided decisions to make. Everything pulled back from Tues. Today was the buy in these, in my opinion.
No, but obviously, you will find more when the market plummets.
I think the problem is you need corroborating indicators. Like double bottoms or the bottom being a fibonacci target filling. Making sure the ppo and adx are both turning. The adx ought to be 50 or higher, the green adx line should bottom out below 10. etc, etc. Then you have to realize the pincher is simply a reversal formation. It doesn't say how much reversal you get.
You also have to buy early or you have to wait for Mr. gamechangers rules of buying after the ppo breaks through zero. Selling as the ppo fastline crosses down the slow.
The best of your list is LIOX, in my opinion. But it already did the bounce. Now, so much else comes into play.
"Long investors will always have an edge since the chart will not reflect a problem until after the fact."
I don't believe that for a second. The chart most often shows there is a problem long before there is public awareness and long investors don't sell because they have so much time and loyalty invested.
Hope your correct. 2 billion shares is 4x what I bought into years ago.
small time investor,
Did John talk about how this additional equipment would be paid for?
viperade, which one or ones of those stocks are pincher plays......since you didn't include the appropriate indicator?
'Been HiHo w Silver for awhile, copper, and some gold plays...'
Yep, but gold and silver will leave oil in the dust, IMO
Why I post a blog of PM charts.
http://wolfgangrene.blogspot.com/
'how low will we go tomorrow?'
How low do you normally go?
'You don't find too many JM's stocks making this type of profit trading at single digit pennies.'
What profit are you referring to, grawsha?
Hi Cork,
The chart is starting to show a little life for me. It's twitching, anyway.
hope this works, I'm not used to posting on ihub.....also check my other gold charts: http://wolfgangrene.blogspot.com/
game/changer....where are you?
Next major fibonacci projection target, on the daily chart, is 1460.60.
Should the present rising wedge not be breached, it would occur around the 1st of the year. A breach would likely be to the upside, making it sooner. But anybody predicting timelines is just leaving themselves open to huge error and discredit.
Price points are very accurate and are major retrace pivots.
My weekly target is 1572. The 38, 62, and 23 % have already hit accurately.
well, not really a pennant, more like a descending triangle. But, not wanting to be the grinch all the time, if .0015 holds and some true buying returns, the projection target is .0035 on the 60 min.
Share price needs to get into the pennies for the chart to really work in a predictable way. Tweezer top at .0025 killed it.
Doug gives us some real extraction in the next 2 months and maybe we join the real PM crowd. We're a long way off yet.
skidzzz, I'm a communist........well, like a Chinese street vendor, the most capitalist communist you'll ever see.
Ooooops, wasted my last post gone.
gamechanger, I think you're name is right. Obama wanted to keep the river flowing because running water doesn't freeze. The republicans want to stop the flow.......I'm gonna freeze to death.
My teeth are chattering already.
ok, I'm given it a try.
Hey, you know who put on a new disguise? lolol
gold charts here
http://wolfgangrene.blogspot.com/
iggz,
In layman's terms it's similar to when sgcp dilutes by selling shares into the market place to raise cash so they can keep going and not go bankrupt. The fed does it for the US Treasury. Strangely, the fed is even less accountable to the general puplic than sgcp is to shareholders.
Let's hope sgcp finds gold and diamonds and no longer needs to sell additional shares.........it's going to take more than hope for the fed to stop. Ironically, during the 1800s, gold extraction was a federal tactic to dig us out of depression. Read Nathaniel Philbricks 'Last Stand'. Custer's last stand occurred as a direct consequence of presidential policy to dig us out of recession.
By the way, I fall on the side of the present administration....to the left side. There is no choice in this matter, no matter how much historically uneducated tea party'ers scream and yell. This is the only tool left the Federal government has to keep millions of US citizen's from starving. Unfortunatly, as is our tradition, starting during the Revolutionary War, everyone who has the capability to do so, sticks their hand in the til and takes as much as possible before the benefit reaches you and me.
Read Patriot Pirates by Robert Patton....yes the general's grandson, an historian.
cork, how many millions did you sell today?
They're all free shares now, right?
This needed to hold .002, now that the chart has some meaning again.
gold targets are daily, 1411 and 1460
weekly 1572
Hi Skidzz!!
Do you remember the formula for posting StockCharts charts on ihub? I can't remember.
i had to start a blog to post them on yahoo. It seemed to be the only way to post there. But there is a fundamental problem. On the blog they are static ping files, needing updating each day (tedious). On ihub, it's essentially a link with the annotations only seen by people with SC accts, as I recall. Maybe I'm wrong. I can't remember that either.
By the way I called the' to date', high in gold to within 10 cents, sometime last fall.
Not sure I can do it again, but the intermediate next high is 1411 with a daily target of 1460.
And a weekly chart I haven't posted publicly yet, has a target of 1572.
Our guy on vacation? Fishing? Playing poker? Still incognito?
http://wolfgangrene.blogspot.com/
Hi Obama!!! Long time no see. I'm out of the can til they don't like my next post. They even banned me from the jail board. I wondered the wilderness for a year. My feet are so sore.
If your trading .001 to .0014 and it works for you great. But you hardly need a chart for that.
The weekly is flatlining, even though yours is shortened to the point that it shows some elevation change. My problem with the sgcp chart is all you can do is use some vague positive or negative indicators. On charts of PM stocks trading in dollars instead of sub pennies, you have a multitude of formations telling you direction and actual price price targets. Trading channels. Fibonacci targets, candlestick formations like H/Ss inverse H/Ss DTs DBs, lines of support and resistance.v ABC ups and downs. Real moving averages. A whole host of information that you really don't have on a sgcp chart at this level and this lack of volatility. I agree that gold is where to be, because you can trade knowing there is one direction of constant pressure. But SGCP is not really in that category.
I have to agree with Pussim. The SGCP chart means little or nothing at this juncture. Look at a weekly. The chart will mean something when there is significant news and will tell you where a top is coming, where a retrace may take you. It will tell you if the low off the high is a stage for a 2nd run or a fatal plunge. It will show increasing or diminishing volumes that lend support to the targets.
But right now the chart means very little other than to indicate when the company is selling more shares.
I'm somewhat familiar with charts as I run them all day long. Was on occasion pasting them up in the 1970s for several major financial periodicals.
I'm not a basher, just a realist and am patiently waiting for the roulette wheel to stop. Somebody really greased the bearings!!