16 votes

Gold Warning! (don't take my word for it)...

Clive Maund is a respected analyst, known for his no-nonsense look at technicals. He has no axe to grind. His latest report gives pause to any notion we are at a bottom in gold.
For the record, I am still a long term gold bull, but I agree with Mr. Maund that we have much more down side before we see a bottom. I just don't wan't fellow freedom lovers to get caught up in the hype of going "all in" at the wrong time, and hope you give due consideration to this report.

http://www.clivemaund.com/gmu.php?art_id=68&date=2013-04-22




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Sorry Fireant just saw this.

Sorry Fireant just saw this. I will take that bet. Just don't know how we can define it? mint sales? it's going to be hard to say either way. What reference point? See this is the problem. With price in paper spot going down you would think that people were lined up for a mile to SELL their silver and gold. What is happening is that this backfired on the banks who were trying to scare the public into selling and actually people were lined up a mile to come BUY. This demand has been going on for almost a year. It just didn't start on this manipulated paper sell off. As ol "I'm gonna buy all the silver I can stand at 2.00 an ounce" TX said, There was supposedly people selling not buying for the last year. All this paper price suppression did was ignite people to buy. Not sell as the powers that be had hoped. People are paying 500.00 an ounce premiums in Japan to get Gold Eagles. This thing is not going to be straightened out in 90 days. There is NO new supply coming to market. Mines CAN NOT ramp up production. There are some HUGE mines who have been shut down. so I really don't know where you think all this new metal is going to come from.

Cyprus was a game changer.

Cyprus was a game changer. The blueprint to raid bank accounts has been telegraphed. You will never again see production be able to keep up with demand. Those days are done. Physical prices are and will continue to diverge from the paper fraud.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul