Breaking News ! Gold down to $840 !

Keep calm, don't buy yet, they are manipulating big time for insiders advantage, so hitch on while you can. Gold will go down at least another 15-20% before it is time to buy.

"PunJab! Bring me my checkbook!"

Let it go to $750....woohoooooo please

market.....this is a dream deal on metals.....and nothing has changed in the economic situation. Gold and Silver is a long term buy.

Plan on a couple years out....

Wooohooooooo

Be patient, take a breath. Don't buy, but don't sell right now either. The price will probably take another 20% dive before time to buy. There are many people out there jumping ship just as the manipulators want.

"PunJab! Bring me my checkbook!"

www.bulliondirect.com has Silver Maple Leafs super cheap at this second. I just bought another 600

It is probably true that gold will go up, but not before the insiders rake up some protection. First I see that the Fed will pull in the dollar with help from central bankers around the world. This will drive up the dollar in those countries to support their exports as commodity prices fall as they are fixed to the dollar. Falling commodity prices gives insiders an oportunity to buy cheap gold etc...Many countries have suffered from the higher dollar and only been able to survive because of the rising commodity prices, if they allow the dollar to fall while commodities are falling they will be smashed. Some countries are beginning to prepare by diversifying transactions away from the dollar, but the dollar still remains the standard as commodity prices are still based in dollar.
Unlike the States many countries haven't seen rising gold prices relative to their currency, the rise in gold has mainly been in USD. For example in Brazil eventhough the price of gold in dollar has doubled it's value over the past few years, the dollar at the same time has lost half of it's value going from at one point of 3.20 to 1 to the current exchange of 1.60 to 1.

It is probably true that gold will go up, but not before the insiders rake up some protection. First I see that the Fed will pull in the dollar with help from central bankers around the world. This will drive up the dollar in those countries to support their exports as commodity prices fall as they are fixed to the dollar. Falling commodity prices gives insiders an oportunity to buy cheap gold etc...Many countries have suffered from the higher dollar and only been able to survive because of the rising commodity prices, if they allow the dollar to fall while commodities are falling they will be smashed. Some countries are beginning to prepare by diversifying transactions away from the dollar, but the dollar still remains the standard as commodity prices are still based in dollar.
Unlike the States many countries haven't seen rising gold prices relative to their currency, the rise in gold has mainly been in USD. For example in Brazil eventhough the price of gold in dollar has doubled it's value over the past few years, the dollar at the same time has lost 100% of it's value going from at one point 3.20 to 1 to the current exchange of 1.60 to 1.

I'm kicking myself in the tail for purchasing on Friday. Today would have been a much better day and would have a gotten a little more bang for my buck

It is probably true that gold will go up, but not before the insiders rake up some protection. First I see that the Fed will pull in the dollar with help from central bankers around the world. This will drive up the dollar in those countries to support their exports as commodity prices fall as they are fixed to the dollar. Falling commodity prices gives insiders an oportunity to buy cheap gold etc...Many countries have suffered from the higher dollar and only been able to survive because of the rising commodity prices, if they allow the dollar to fall while commodities are falling they will be smashed. Some countries are beginning to prepare by diversifying transactions away from the dollar, but the dollar still remains the standard as commodity prices are still based in dollar.
Unlike the States many countries haven't seen rising gold prices relative to their currency, the rise in gold has mainly been in USD. For example in Brazil eventhough the price of gold in dollar has doubled over the past few years, the dollar at the same time has lost half of it's value going from at one point 3.20 to 1 to the current exchange of 1.60 to 1.

buying opportunity of a lifetime

AND it will go a little lower! Ive seen it before.. nothing goes straight up or down!

How Do You Explain Last Week's Gold and Euro Action?

Author: Jim Sinclair

Dear Friends:

What definitions and explanations can be derived from the gold and Euro action last week? Here they are:

1. The intervention without any doubt has established that gold is a currency. Because the Euro will trade at $2 or more before this drama has finally ended, gold is guaranteed to follow - probably in multiples of the Euro’s action.

2. In hindsight, intervention started when the Euro was at $1.5975. This reveals the point above which no intervention can have any appreciable impact. That level is $1.6025 three times for 24 hours in a row.

3. Paulson’s desire not to remain Secretary of the Treasury says that any plan currently in place will play out in 161 days at the most. That does not say that current markets have a 161 life but rather that everything between now and day 161 is short term, camouflage, spin and inherently weak from a market perspective. Paulson's decision not to remain in this most prestigious financial position speaks to the degree of danger that the psychologist-packed Plunge Protection Team (PPT) has worked so diligently to keep mass perception from being focused upon.

Summary:

Everything remains the same but the fear factor has increased. What's happening in the stock market at the moment is no more than another bear market rally in which the purchase of index puts on the Rhino (when the market appreciation resembles a Rhino horn) makes sense.

Gold will rise to $1,200 possibly 90 days later than anticipated. Gold will trade at $1,650 or more before the second week of January 2011. The US dollar will trade at .62 USDX and after great efforts to stop the decline trade at .52 USDX. Black Boxes are primarily momentum driven so keep an eye on that fact in terms of the US dollar versus the Euro.

Respectfully,

Jim

"PunJab! Bring me my checkbook!"