Though I’d suggest a slightly different path, now you see why for the last couple of years I had suggested that we would see a “range trade” at a high level in Gold for some months before we finally busted out to run through 1450 and 1500 for the  final time in mid to late 2010.  The fractal to the late 70’s is very nice.  We will likely see something similar in the PM stocks, though there will be those explorers that are very very oversold that will fight the trend as investors start to understand that Gold will not be falling below a band of rock solid support that lies from around 945 to maybe 1020……….again………..though I repeat myself.

……That is just terrific !

…..looks like SOEE is disregarding Rambus and going with his gut….

…..personally I cant see that another SM Crash can hurt Gold nearly as much as last time…

……Because Smart Investers…..

www.youtube.com/watch?v=Rp6-wG5LLqE&feature=related

xiphostrading

GOLD/SILVER

London calling…

FT Trading Room / Regulation - Proposed trading caps anger bankers

Good morning Bill and Chris,
If this FT article is correct then the CFTC are proposing to move much more firmly than is generally understood to limit the activities of the big banks in the US energy markets.

Here is a quote from the article:-

“Bankers are privately steaming. “We are confused as to why the CFTC would create a hedge exemption process that no bank would be able to use and continue to serve their customers,” says a commodity executive at a swap dealer.”

Do you think that the above plus the proposals to return to a Glass-Steagall type banking environment may just indicate that Obama has woken up to some of the real problems he faces? Do you think this makes it impossible for Lawrence Summers to carry on in this administration since he was one of the key architects of the system that created the modern monster banker/traders?

Surely all of this is very positive for gold and silver, provided of course that the changes happen.

Have a great weekend,

Bobhttp://www.ft.com/cms/s/0/8ccaa85a-06c8-11df-b058-00144feabdc0.html

“Godspeed”

www.youtube.com/watch?v=jaN5LLNhCYU

Ron Hynes

I’m also sending you best wishes for a return to good health . As noted in PMF’s post about doing things yourself, I can totally understand that thinking but I’d also like to say that I would have no qualms about accepting advice/help from Israeli and ferret if they offered it especially since you are leaning  towards  alternative healing  … I think there are reasons why we all came to be in this place.  Hope you  keep us updated on your progress, and stay gold. all the best..

…any doubt who has been keeping it afloat ?

…the banksters are throwing a hissy fit…

….talk of reducing their power and they will show you who’s the boss

…dont mess with Us.we are Omnipotent..we will destroy all your bubbles and unleash our terrorists to boot

Thank you for info. Very much appreciated

I’ll be da–ed the cable just went out in the middle of Glenn Beck…just when he was getting into the Mao stuff….

yep,I agree!

posted dec 21,

goldtent.net/wp_gold/2009/12/21/hui-gold/

http://tinyurl.com/ykxzefq

Using the cycle function line up the low in 1993 and the 2001  low and the 2008 low.  This is the time frame for an intermediate low.  The rsi is below 30 another signiture for a low.  There could be a final capitulation low next week.

If and when the longterm downtrend is broken it will be sweet for those longtime holders of gold stocks.

Here Comes Today’s Fire And Brimstone Speech To Facilitate The Bernanke Vote, Courtesy Of Political Corpse Chris Dodd

Ok, Mr. Dodd, the American people have had enough of the constant threats of an imminent apocalypse if the money printer is shut down. Instead of focusing on the dire situation his (and his predecessor’s) ludicrous monetary policies have saddled a bankrupt America with, you continue to threaten with untold destruction should your lobby interests not get their desired outcome. Please leave already: it is your, and Barney Frank’s, lack of actions at the proper time that is among the primary reasons for the current Great Depression V2: instead of endorsing ways to continue the wealth transfer from America’s working class into the Wall Street “Financial Service Providers”, we suggest you really focus on your family and leave politics to those, uncorrupted ones, who have not been tainted with scandal after ever-greater scandal.

From Dow Jones:

A top Senate Democrat said Friday that failing to confirm Federal Reserve Chairman Ben Bernanke for a second term could have “huge economic implications,” but a Republican aide said his confirmation is likely not in jeopardy.
Senate Banking Chairman Christopher Dodd (D., Conn.) cited the impact that rejecting Bernanke would have on financial markets.
“I think if you wanted to send the worst signal to the markets right now in the country and send us in a tailspin, it would be to reject this nomination,” Dodd told a group of reporters. “This is not naming someone to be an assistant secretary to something. This is the most important central banker in the world.”
Dodd warned that rejecting the president’s choice for the Fed chairman would have “huge economic implications, and people need to think about that.” Speaking of Democrats who plan to vote against Bernanke, Dodd said he appreciated their frustration but argued that “they’re missing the larger point. “That’s a short-term answer,” Dodd said. “And the short-term is going to create far many problems than it’s going to solve.”

We, for one, and the entire United States of America for another, now call bullshit on your empty threats, which will only impair the billionaires who should be in jail and not in corner offices south of Canal Street.

This video in 15 parts is a good accompaniment to the vaccine series about the way things are and how we got here:

  *GB

www.rutilusallec.com/?p=5316

considers himself an intellectual elitist not a monetary one. There is a huge difference, IMO.

I think he is pissed that he somehow missed the outrage over Wall St. He corrected that immediately and MA is a very distant memory isn’t it.

This is not over. It is just starting. I’m just surprised the dollar remained higher in this chaos.

re. “Makes perfect sense bankers are elitist, Obama talks about equality. The two were bound to clash. Looks like bankers are losing from my perch.”

Its wierd. I think of O’bammer as an elitist.  To me he is thekind of slime that preaches equality but means ‘lets reduce 99.9% of the population to slaves dependant on the government and doing the bidding of me and my co-elite cadre’.

Funny how perceptions differ.  I’d put the bammer on the same barge as big bankers and sink it!

didn’t vote for Obama,but neither did I vote for Bush…I don’t endorse Fascists or Communists but as the Italians do, play one off against the other .While they are killing each other ,they are leaving me alone ! Until we can get back to Constitutional Government let them kill each other !

The article can be found at:

www.renewamerica.com/columns/rose/100115

How are you doing buddy?  I couldn’t look at the carnage to the metals anymore so I took the better 1/3 out for some retail therapy.  Sorry I didn’t get back to you sooner.

analysis saying Volcker’s proximity to Obama at his speech relative to Geithner is a vote of no confidence. The bankers have lost if Bernanke fails.

Makes perfect sense bankers are elitist, Obama talks about equality. The two were bound to clash. Looks like bankers are losing from my perch.

Eagerly awaiting Rakoff taking it to Bank of America.