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Dollar Debt Inferno: The Forecast From Hell

“I understand people hate the dollar and cannot imagine a rally. That is the VERY reason the dollar will rally. Everyone and their adopted twice removed brother is short the dollar. Who is left to sell more? It is the biggest short position in history!!!! EVER!!!!! A dollar rally will turn the world upside down and cause the greatest amount of confusion and PAIN!!!!!!”

http://armstrongeconomics.com/2013/05/08/dollar-trade-reserves/

Exactly what is happening as we speak..

- [...]

David Stockman: ‘Fed Is A Serial Bubble Machine For The Top 1%. We’ve Been Robbed By The Fed’

CHART – Inflation Adjusted Gold Price (1970-2011)

 

Ron Paul On Drones, Kill Lists, Bernanke And Gold

Gold Bull Market `Still Intact’ Says HSBC’s Respected Steel

by GoldCore

Today’s AM fix was USD 1,602.00, EUR 1,195.34 and GBP 1,045.76per ounce.
Yesterday’s AM fix was USD 1,613.50, EUR 1,208.80 and GBP 1,041.57 per ounce.

Silver is trading at $29.07/oz, €21.83/oz and £19.9/oz. Platinum is trading at $1,664.50/oz, palladium at $753.00/oz and rhodium at $1,225/oz.

Gold fell $4.00 or 0.25% yesterday in New York and closed at $1,604.90/oz. Silver slipped to a low of $29.22 before it also rebounded, but it still [...]

Gold Falls Despite Fed’s QE4 and Reckless Policies – ZIRP Now Tied To Unemployme?nt

by GoldCore Gold Bullion

Today’s AM fix was USD 1,694.75, EUR 1,299.16 and GBP 1,051.46 per ounce.  Yesterday’s AM fix was USD 1,712.50, EUR 1,315.59 and GBP 1,061.69 per ounce.

Silver is trading at $32.81/oz, €25.22/oz and £20.42/oz. Platinum is trading at $1,619.00/oz, palladium at $678.00/oz and rhodium at $1,060/oz.

Platinum is trading at $1,619.00/oz, palladium at $678.00/oz and rhodium at $1,060/oz.Gold was up $1.30 or 0.08% in New York yesterday and closed [...]

Tom Fitzpatrick, a top technical analyst at Citi, continues to be bullish on gold and oil.

Gold, Silver & Crude Oil Set For Remarkable Advances

 

KWN

 

Today Tom Fitzpatrick told King World News that silver will quickly advance 23%, or $7 higher than current levels.  Fitzpatrick also expects massive moves in gold and crude oil that will stun market participants.

Here is what top Citi analyst Fitzpatrick had to say, along with some powerful charts: “We remain bullish on the gold price.  Most importantly, this is a bullish gold view, [...]

Three coming events could create a “perfect storm” for gold stocks

From 321gold:

Gold bulls have endured a long and frustrating year. Gold continues to move sideways. I believe the breakout will be to the upside, for a number of not-so-thrilling reasons.

First, the growing tensions between Iran and Israel seem to be close to a boiling point. “Prime Minister Benjamin Netanyahu and Defense Minister Ehud Barak have ‘almost finally’ decided on an Israeli strike at Iran’s nuclear facilities this fall, and a [...]

The Perfect Storm

The US dollar is caught in fundamentally perfect economic storm of quantitative easing, military tension, & fiscal cliff. The “gold coil” on the price chart reflects the horrific perfection of that storm!

Graceland Updates

By Stewart Thomson

 

1.         Gold bulls have endured a long and frustrating year.  Gold continues to move sideways.  I believe the breakout will be to the upside, for a number of not-so-thrilling reasons.

2.         First, the growing tensions between Iran and Israel seem to [...]

Gold Market Update – Clive Maund

Most would be investors and speculators in the Precious Metals sector at this time look and behave like the raw recruits at the start of the film An Officer and a Gentlemen - listless and muttering pathetically “This might not be the bottom – it could go down again” – so listen up you ‘orrible lot and pull yourselves together – by the time you are done reading this you are expected [...]

Gold Tripple Bottom & Stocks Oversold (Short Term) – Now What?

Since the original article was very long, I hereby provide an excerpt of the article “Gold Tripple Bottom & Stocks Oversold (Short Term) – Now What?” (Subscribers, click HERE to read the entire article).

On Gold:

Gold has now made a bullish reversal on a weekly basis, as price rallied sharply on Thursday and Friday.
Support held, which means Gold could be on the verge of setting a double/tripple bottom around $1,550:

Chart courtesy [...]

Goldman Sachs Gold ETF in India Sees 11 Fold Surge in Volume

From GoldCore:

Gold’s London AM fix this morning was USD 1,641.25, EUR 1,241.49, and GBP 1,019.54 per ounce. Yesterday’s AM fix was USD 1,638.75, EUR 1,244.68and GBP 1,014.83 per ounce.

Silver is trading at $30.94/oz, €23.41/oz and £19.21/oz. Platinum is trading at $1,551.00/oz, palladium at $669.30/oz and rhodium at $1,350/oz.

Gold rose $3.00 or 0.18% in New York yesterday and closed at $1,641.20/oz. Gold traded sideways in Asia and then ticked higher in European [...]

Gold/Platinum Ratio Suggests Much Higher Gold Prices are Coming Soon

There is an interesting pattern developing on the Gold/Platinum Ratio. This pattern is similar to a previous pattern on the silver chart. Below, is a graphic which features the Gold/Platinum Ratio chart (top) as well as the silver chart (bottom) (charts courtesy of stockcharts.com):

http://www.marketoracle.co.uk/Article34197.html

 

 

USD will go up and until USA default will remain world reserve currency ( about 2016).

USA partial default prediction

Only after that, the favor will switch to Euro zone. While USD is going up, there will be inflation in Eurozone, after 2016, in the USA etc.

EUR/USD prediction chart

After partial USD defaults or in imminent anticipation of such USD will start to go down, inflation moves to the USA (after/during 2016)

In this scenario, there will never be a time when gold will cost much less in USD [...]

Trader alert: Gold could soon be headed to new all-time highs

From Peter L. Brandt:

The daily gold market chart has been forming a possible continuation inverted head and shoulders pattern. If this interpretation is correct, the only question is if the right shoulder low has been established or if further right shoulder construction is needed.

The decline on Thursday appeared to wash out weak longs. An advance and close above…

Read full article…

These charts show the sell-off in gold could be very bullish

From Peter L. Brandt:

… [A] line in the technical sand has now been drawn. It is important for Gold to hold the lows made in recent months in order to remain in a bullish mode.

The weekly Gold chart shows that the dominant trend remains up, even though the market has formed a broad trading range from 1525 to 1805. This trading range has formed a possible continuation H&S pattern.

Under this interpretation [...]

Jeff Clark: This Could Spark a Massive Move in Gold

By Jeff Clark 
Tuesday, March 13, 2012 

 

Get ready for a golden summer.

Precious metals have been selling off lately. Gold is down 10% from its peak last August, including a violent $100 drop last Tuesday. Silver is down almost 30% since its peak last April. It dropped 6% in just one day last week.

But if gold and silver sell off hard today – perhaps in response to the Federal Open Market Committee [...]

COFFEE, GAS, COLLEGE TUITION: Here’s What Everything Costs When Priced In Gold

You’d be hard-pressed to find a merchant that will sell you something in exchange for gold.

 

But what if you could?

Charles Vollum is the editor of a fun website called pricedingold.com.  As you may have guessed, Vollum offers looks at varieties of goods and services priced in gold.

He also provides informative and entertaining extended commentary on his website.

For your viewing pleasure, we pulled a few select charts for goods (priced in gold) that [...]

A Closer Look at Bubbles: Natural Gas & Gold

Bubbles Come, Bubbles Go.

The chart below shows us the “classic bubble pattern”.

Most money is made during the latest phases of any bubble, as price goes nearly vertical.
When something goes straight up, I tend to get worried. All good things come to an end, eventually.
When something goes straight down, I am looking for ways to enter the market, as bad things come to an end as well… Eventually.

Imagine you invest in [...]

Greyerz – Alf Field Calls for $158 Silver & Swiss Look to Gold

kingworldnews.com

Today Egon von Greyerz told King World News he received an email from his good friend Alf Field predicting silver would move quickly to the $158 level.  Von Greyerz also discussed the initiative in Switzerland to get the Swiss franc backed by 20% gold.  Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland.  Here is what von Greyerz had to say about Alf Field’s [...]

Charting The Price Of Gold… All The Way Back To 1265

We have often seen requests to show the price of gold going back as long as possible. Tonight we can oblige, with a gold price chart, indexed in 2010 British Pounds, going all the way back to 1265. To the surprise of many, the early 1980s gold price surge is not the only time in history when gold exploded as America’s game with inflation was almost lost. It appears that [...]

Precious Metals 2012: Bullish & Bearish Arguments

After the sharp drop in precious metals recently, many people (including me) wonder what will happen next with Gold & Silver (& other PM’s).
To be honest, I don’t know where gold will be in 1 week or a 1 month from now. However, there are some facts that are compelling, which can help us in our decision-taking process.
In this article, I will describe both the Bullish & Bearish arguments for [...]

Silver Is Ready, Are You?

In my previous Silver Update, I presented the following chart, which indicated that silver was at a major crossroads:

I wrote the following: “The current pattern on the silver chart is in fact a highly bullish pattern. It is consistent with that which forms right before price goes parabolic. However, this type of pattern is also similar to that which forms just before we have a severe decline. That, I believe, is [...]

Bull & Bear Cases for Gold, Silver and Stocks

After gold and silver got hit hard last week, some of you probably wonder if that was the end of the 10 year+ bull market for precious metals.
In this article, we will describe both the Bull & Bear Cases for Gold, Silver and Stocks and we will also make some interesting comparisons.
Let’s start off with the Bull case for gold.

Gold hit the red resistance line, which [...]

2008 or 1979 all over again?

Let’s start with an update of an article I wrote on July 20th 2011.

If the pattern isn’t broken soon, this could mean we are about to see 2008 all over again, and silver could drop another 50% from here:

Chart courtesy Prorealtime.com

The following chart is an updated version of one I also posted a while ago. It shows that when the dollar drops, commodities rally (green zones), and [...]

Trader Dan Norcini: Gold chart and comments

Gold continues moving in a broad sideways pattern, unable to breach overhead resistance centered just below the $1840 but remaining above longer term support just above the $1760 level. The current short-term bias is negative until it can at least climb back above $1820.

Thus far forays down below the $1800 level have been met with quality buying in the physical market so this will need [...]

Richard Russell – Silver Shorts Liable to Get Trampled

“GOLD — The chart below shows daily gold over the last two years. During that period gold has respected its 150-day moving average, which is the blue line that you see on the chart. Over the last two years gold has tested its 150-day MA six times, and each time gold has held above the 150-day MA — and then rallied to new highs.”

“The latest [...]

A Must Read: Yesterday in Gold and Silver: Ed Steer

Yesterday in Gold and Silver

The gold price jumped about fifteen dollars to around $1,490 spot in early Far East trading. The price then spent the rest of the Friday trading day wandering around without much conviction within ten bucks of that price…and closed the day up about twenty three dollars from Thursday’s close. Nothing much to see here folks, although the volume was pretty [...]

Gold on Track to Reach $1860 – $1920 by Mid-year

The Golden Parabola is continuing to follow the cycle of the 70’s Gold Bull as the U.S. Dollar is further devalued against Gold to balance the budget of the United States at this point in the “paper currency cycle” where Global Competitive Currency Devaluations rule. As discussed in a recent editorial this point in the cycle suggests that Gold will soon enter into a more aggressive [...]

GOLD VS ARMSTRONG’S MODEL

MY ORIGINAL EDITORIAL

Back in the middle of February I wrote an editorial showing Gold’s performance in relation to the last two bottom dates of Mr. Armstrong’s Economic Confidence Model. At the time Mr. Armstrong had released two articles where he stated his expectations for Gold to correct sideways to down into the next bottom of his Model into June 13, 2011. At the time my [...]

What is gold telling us? Gold’s gains may have meaning beyond the market

By Peter Brimelow, Market Watch

NEW YORK (Market Watch) — Gold reaches a record high. Is it telling us something?

Gold closed $1437.70 on Wednesday, using the CME April contract as the measure, up $28.40 so far this week and breaking through significant technical barriers.

Over the weekend, Australia’s The Privateer had growled: “Just as it has since early November 2010, the area between $1,400 and $1,425 is proving [...]

Gold, Dollar, Euro & China: Four To Tango in 2011

By Dian L. Chu, EconForecast

For the most part of 2010, the typical image of Europe—one of cultural sophistication—has been replaced by widespread riots, burning cars, large scale strikes over labor reform and unemployment resulting from austerity measures amid a sovereign debt crisis in the region.

Gold Chart’s European Tale

Fear about defaults and more bailouts throughout the European Union (UN) has formed a dark storm [...]