Welcome to the one man economy

Another smashing in gold and silver, gosh when will it stop.  Maybe never.  My bet is now on a bottom in September with gold < $1000.  Silver, not so sure, maybe $18.  Probably no new highs this year, but what do I know, these markets are mad and impossible to read.  Made a 2k bet the last few days and that didn't work out.  Thankfully I still have my *physical* gold and silver, the only things of value that will stand when the whole financial system blows up.  I still haven't closed my options spreads for Dec this year and next.  Frankly the whole system is already dead when one man's words can control the entire world's markets.  I'm just waiting for the whole shebang to blow already.  Paper with dead men's faces be damned and all digital numbers on the computer.  We need to get back on a moral ground with gold and silver backing.

The ultimate Gold bottom/top indicator

I discovered a MAJOR indicator today which I'm using, it has indicated *every* single low as well as high points in gold for the last 8 years!  What a gem!!  It recently triggered in April which strongly indicates Gold has bottomed, this indicator has never been wrong.  It was only triggered 4 times before April.

May 2006 - sell gold
March 2008 - sell gold
October 2008 - buy gold
August 2011 - sell gold

And in April, it said to buy gold.  I am sure in June gold will be higher if not, it will never ever go lower from here, ever again.

If I get a sell signal for gold I'll post a comment, this indicator is a lagging indicator, you might miss the top off by a month or so, but I'm going to check every month for the next sell once the uptrend resumes.

This indicator is not even a chart indicator, or what you would consider "technical analysis". :)  It'll be my own little trading gem!

Wow wow wow

Silver is currently $21.73, Gold at $1360.30.  But I'd like to focus on Silver in particular.

Gold, time to "sell" according to mainstream sources

Silver, time to "sell" according to mainstream sources

I've never read so much negative sentiment, and angry comments right about all the experts who were "wrong".  Sure they're wrong right now, and sure you've lost money if you bought in the last 2 plus years, but that's not the point.  The point is, this paper era is over.  It doesn't matter how much paper in $ terms you hold, what matters is ounces held.

I don't know who reads this blog, and frankly, it doesn't matter.  The bull market in both metals has never been stronger.  Fundamentally at least.  The charts, let's take that with a grain of salt.  They've been manipulated so many times it's a joke.  Sooner than later, it will be manipulated to the upside.

I've bought 24/25 Call and 30/35 Call Silver Dec Spreads for this December's contract and 35/40 Call for Silver 2014 Dec Spreads.

Let's make a wild guess at how Silver will end up this year.  I'm guessing, at this point in time, Silver will end up around $25 at Dec 2013.

However, longer term, I expect a rise to $34-35, a fall to $27, and then a stupendous rise to the over $40 level again.  This is me "painting" a reverse head and shoulders based on the current graph for what it may look like in the future.  It could take 2 years to play out, or less, but either way, Silver will resume its march uptrend.

Oh, this is how a bull market "dies"?  Yeah right :)

Frankly I can't wait till pay day and go exchange my worthless paper for Silver.  Silver is now the same price as it was even before QE2!  Astonishing.

Another historic day "end of the bull market"

Gold, silver, smashed!

Gold down over $100!  The downside target is now $1000.  Will gold make it there?  Probably, fear will cause gold to crash even more.

Silver, wow, a 12.3% fall!  We've seen this all before.

Meanwhile I am seeing headlines like this :)  Amazing!  Whoever got rich reading mainstream news?

Stack like hell!  These few months possibly down to the end of the year will see gold and silver at these never to be seen prices again.  In a few years you'll come back to this post and laugh!

The rise and fall, whoop dee do

So Silver did what I expect it to do, rise more than $1!  But now it's fallen, and so has gold, both smacked to oblivion.  What a sight, what an opportunity.

Gold smack down!  Ka-ching!!

Silver smack down!  Ka-ching!!

Well I don't know if it's the bottom but probably it's not.  I'm underwater with Silver with my purchases for the last 2 years, but who cares?  4 years later I know I'm at the right place to be.  Gold could fall below $1000, Silver maybe $22?  $21?  Who cares?  Buy the heck out of it!  My father was literally screaming his head off cos his boss lost millions upon millions because he plays the futures market.  That's absolutely stupid, if you want you should have a core position of metals that you hold, and whatever paper you can afford to lose, sure play it.  Having no physical is absolutely suicidal.

In time, when Silver rise, profits for their options will be immense, and I'm just biding my time.

Graphs as follow:

Look at that red candlestick!

Look at that red candlestick!!

Never thought I'll see this...

US states promoting bullion, on bloomberg, which is mainstream media (MSM) how is this possible?

http://www.bloomberg.com/news/2013-04-08/trust-in-gold-not-bernanke-as-u-s-states-promote-bullion.html

Gold and Silver are currently comatose, sentiment is awful, which means a low is coming or already has passed.

I'm expecting Silver to rise $1 within the next 2 weeks from current price of $27.30 USD, let's see what happens.

However, the real fireworks will happen when Silver breaks $31.30.

BTFD! Thanks Feds!

Alright!  Silver in AUD terms has now reached very close to the same low reached in August 2012.  It's time to buy buy buy!  Spot is currently 27.35 USD, or 26.12 AUD.  BARGAIN!

I'm anticipating a rally within a month or so.  Loaded up with Dec 13 40 Calls as well.

You know the paper price is completely off, you can't really buy physical at spot price, for example American Silver Eagles are $3.25 on top of spot (about a 11% premium) and Maple leafs are $2.49 (9%  premium) on top of spot.  Both in US dollars.  Personally I trust nothing but physical, anything that's numbers on a computer isn't my cup of tea.  Look up the prices on ebay and you'll see the same, nothing is quoted at spot.  People are already paying premiums to be safe, don't be fooled by the paper price.

Which makes me wonder, what happens when Silver really starts to move?  Spot prices are going to go through the roof.  I won't be surprised with a 20% or higher premium.

Happy New Year!

Currently I've closed out all positions in gold and silver.

Looks like Silver is stuck in a range, and so is Gold.  Take time to stack is the name of the game for now.

Rangebound 27.5 to 35.

Rangebound 1550 to 1800.

The key is this, take time to buy.  There's nothing that's showing in the graphs that's showing any change anytime soon.  Trend for Silver is currently down.