This is what we use here.
Simply draw a line representing the support line back in time. The best start point would be the bottom at the end of/beginning of 2008/2009, which currently has been broken to the downside. Extend that to the last lowest price bottom.
Since support has been broken, then extend a horizontal from the highpoint in early 2008. That’s approx 17.
It is no more complicated than that. Sharpie is a day trader. These people probably do it for fun or to occupy their time, but most lose money day trading, unless they have the hardware/software to do High Frequency Trading (HFT). Certainly People like John Paulson have that available to them. However, consider the fact that Paulson is LOSING money in the PM market.
The best way to predict where things are headed is to consider the fact that we are dealing with fiat money. Markets are being manipulated by the Fed. That will continue, just like every previous time in history, until hyper inflation arrives. The exact point is unknown, BY ANYBODY. But it should be obvious to those that have dealt in these markets over, say 10 years, that the banking elitists, political scientists, politicians and their media lackeys are using fiat money to depress the price of PMs. So when seeming double bottoms occur, which could very well be by “chart painting”, that’s when their virtual PM mining operations take place by breaking to the downside what normally would be expected to be a bottom (or top if the trend line is overhead).
This Fibonacci stuff is pure voodoo.
By “virtual PM mining operations” is meant manipulation of the PM markets to draw from the small fry into the hands of the elitists in the financial sector. This knowledge is what is required to expose the limitations of technical analysis, including Fibonacci voodoo which mostly is applied by day traders.
Based on the responses seen here in the past, none of your arguments against the validity of poll numbers to move political decision making would be acceptable to others. Yours is a minority opinion.
But since you are asking questions about only those issues you wish to respond to, where is it in the constitution that the government can mandate universal health care after promising that those of us that do not wish to be part of the government's plan can keep our private policies? In fact we were assured by Obama on a number of occasions that we could. Is lying about our ability to keep our private policies and then mandating ACA acceptable? It certainly isn't in private industry under most circumstances.
We could go back to a birth many of us will be celebrating on December 25th to see that a crowd or mob, take you pick, decided the fate in adulthood of the birth we will be celebrating. The only difference here is that the unmotivated in the political arena will become motivated from public pressure dissatisfied by the additional burdens place upon them by the Federal Government via the ACA, among others. Perhaps it is you that needs to re-read both the US Constitution and the Declaration of Independence that caused the break away from English tyranny. We are a representative democracy, not the fascist sort of regime you envision. Clearly most understand what "representative" means, which clearly you'd rather that concept would not exist.
Charts are useless when the Fed has the power to move markets any direction they wish. For example, it looked as if a double bottom had formed in PMs a couple days ago. Obviously that can now be discounted as a bottom. About the best clue on where things are headed is to look at the economy. When the elitists arrive at the conclusion that they are cornered they will manipulate market direction any way that benefits them. The public interest be damned.
So what does this mean? The US Government is $17 trillion in deficit. There are so many dim bulbs as elected officials whose only talent is to horns waggle potential voters into voting for them, with the backing of the Fed's and mega-corporation's blessing, that they will keep spending till the cows come home. There is absolutely no way out of the debts they have created.
Just remember that if you want to buy at true lows you have to remember the agenda of the financial elite, politicians and the mega-corporations, which is to steal money from everyone else to cover their bad financial decisions.
As an example of the corner they've put themselves in, the Germans, French and others as yet to be disclosed, have requested that the PMs they have place in US vaults for safekeeping be returned. You know the story there. So if PM prices are driven low enough and the fearful small PM investors in enough numbers sell a certain percentage of those requests can be fulfilled, but by no means completely. We are facing bail-ins and all manner of plunder, which is what the current market direction is really about. This means lower PM prices that the smart money, like John Paulson & Co will begin to start buying into. Only significant money flowing into the PM market will change the current direction.
Yahoo message boards are NOT the place to ask for advice. John Paulson and others like him do not create screen names to post here. Credible news leaks of significant PM sector acquisitions are a better indicator of bottoms.
You're in for the shock of your life when you wake up. You must be listening to those who are attempting to get everyone to plunge into PMs before time, meaning every well known PM guru in existence. That is NOT an anti-PM (pro-fiat) statement. We are in the fight of our lives as central bank criminals ply their virtual PM mining objectives (from your hands into theirs). The spending of western governments is not sustainable. Derivatives, if marked to market, will sink the fiat money crowd and they know it. That's why they want YOUR PMs.
Do NOT plunge in before time. Do NOT be overly optimistic.
What happens to bitcoins if there is an EMP (electro-magnetic pulse) by some rogue nation? Nobody has ever dared mention this.
…even in the Orient prior to the Christmas holiday. Do they celebrate Christmas in the Orient, too? ; )
It sure looks like the manipulators are out on their yachts on all continents from here. Maybe they are all congregating on the French Riviera celebrating the returns on their virtual PM mining operations.
Times like this would be great for the deep pocket anti-fiat crowd to coordinate an upside attack while the banksters are lolling away their time in the sun. Yeah, sure, all are waiting with baited breath for Bernanke’s latest statement. Hail to the Chief, the elitists’ man in charge.
“…Didn't realize the ACA was his demand. …”
If you’d have been listening you would have heard him say we can keep our private insurance. That was the year’s biggest lie. You need to pay attention before you post things that most others are fully aware of. Since you seem to be an ACA supporter you may remember when Nancy Pelosi was asked what the ACA consisted of. She said: “We have to pass the bill so that you can find out what is in it, away from the fog of the controversy. …” Most of us know that Californians are clueless when tending to their civic responsibilities, so they keep re-electing these numb skulls.
It is clear by the POTUS actions that he does not hold the US Constitution as the major component of his oath of office. He has a lot of company with past presidents. Our money is clearly defined in the US Constitution. The Fed essentially runs the country. Everyone in finance is holding onto every word out of the mouth of the Chairmen of the Federal Reserve Banks, currently Bernanke.
The Fed’s charter is up for renewal on December 24th after 100 years. Isn’t that interesting timing? The last POTUS that had the spine to stand up to the 2nd bank of the United States was Andrew Jackson, who succeeded in having it closed down, resulting in the prosperity that ensued thereafter. It seems by your attitude that you would side with the central banking cartel.
It was recently reported that the woman in Hawaii that headed Hawaii’s birth certificate division and presented an electronic copy of Obama’s birth certificate to the public was killed in a plane crash that all other passengers survived. There is also the fact that Obama was mentored during his youth by Frank Marshall Davis, whom the FBI listed as a card carrying Communist. Obama’s features resemble those of FMD, but not those of Barack Obama, Sr.
As far as polling numbers go, they come into play when all the relevant issues that otherwise would not succeed in IMPEACHMENT have a chance of success.
Of course. bullion, AU, AG, SLW and junk silver are all related. As previously stated, unless you have the resources of a John Paulson you are outclassed when it comes to analyzing PM markets. What you might do is watch technical charts to see if there is confirmation of a double bottom by, for example, current news that John Paulson dove into them again. Paulson has lost a lot of money in this sector recently, but continues to believe it will recover and trend upwards. That makes sense unless untold millions remain brain-dead and continue to think paper based fiat money and wealth has any lasting value.
Just don’t get over enthused and expend precious resources before time. The more those who do that the more the likelihood that the fiat money crowd will back themselves into a corner they cannot exit from. That will be more entertaining watching them squirm than the actual positive returns to those who have somewhat accurately picked a price point they won’t have to watch continued price erosion from.
Every time there is an advance in PM prices as they arrive in the UK and USA markets they are whacked down. This is not the characteristic of a free market. It is the coordinated attack by western central banks, including those in Asia, to suppress them in favor of fiat currencies, except in the case of Asian markets, they are in acquisition mode, while western markets objective is the protection of the fiat money producing cartel.
So the recommendation here is to discount those with reasonable but optimistic views to what the real price should be, and also to make statements concerning their arrival in the near term. Rather follow the lead of John Paulson’s investments in PM mining companies and ETFs. When they, with their team of analysts, see an opening they are willing to take risks on to make significant investments in what they perceive to be the likelihood of advancing PM prices that will be the straw that breaks the back of the fiat bankster manipulators. You will then have a reasonable chance of success as a longer term investor. Those who visit this message board and continually day trade are never going to see the “forest for the trees” and are more likely to lose money, despite what they might claim to the contrary.
The object here is to find a true low point where manipulation is no longer viable, which can to some extent be correlated with good chart interpretation of true double bottoms. An increasing pool of successful investors opposed to central bank fiat money makes more likely that a turn-a-round will arrive sooner rather than later. That’s why all should look with more than suspicion at those who try to promote the idea that next week or next month will see the re-arrival of the bull market in PMs.
Assuming you’ve provided the correct numbers, the following conclusions result.
A cut of $2 billion compared with the under estimated ACA decade cost of $1.7 trillion represents 0.1%. That is laughable. These numbers need, first and foremost, to be posted as percentages if they are to have any meaning at all to the average person. Otherwise they are just meant to mask how out of whack and deceitful they are. Most look at these numbers, their eyes glaze over, and if they have anything to say it is; “Whatever”.
If we spread that $1.7 T a decade, or $170 B annually among 300 M people it means this low-ball cost estimate spread among that many people is $567 per person per annum. For a family of 4 that is $2,267 and THAT is not affordable compared to private insurance. Most under ACA would not be able to afford that amount. Add to that another 47 M non-elderly uninsured people and the cost to those who can pay will skyrocket as will future premiums when fiat money is used to cover the gap. But only 253 M people will be covering the $170 B annual estimate, meaning their premiums will actually be $ 672 per person, or $2,688 per family, making the monthly payments $224. The 47 M is therefore going to balloon to an indeterminate and much higher number increasing the costs to those who actually are forced to pay the additional amount.
Are there going to be any medical doctors left? Or, being the intelligent persons most of them are, will they find other ways to earn a living. That will REALLY make death panels likely from ACA’s backers. It will also demonstrate the savant type nature of most legislators whose only talent is to get elected, suck people into their schemes and guide them like lemmings to the sea.
The economy of this country is based on deceit emanating primarily from the Federal Reserve System, set up by the elite and the mega corporations for the sole purpose of lining elitist pockets. They are the last word on how everyone else lives or dies.
You’d think that in 2013 on a message board it would be possible to post stats in tabular form to make them understandable. What good are they if not?
Other websites were discovered, one of which actually had a header defining the stats on its columns. The website for the stats posted by YDM, however, does not show a header and requires registration along with an “education” program, presumably to make understandable their stats. That’s marketing slight of hand to pull in “pay for play” although they didn’t succeed in pulling this screen name down into their rabbit hole.
It has been noticed that you copy and past these stats from another website. Here we do not understand the format, in particular the way the percentages are displayed because there is no header column. Lack of a header column is understandable because Yahoo message boards can’t display in tabulated form.
Could you please provide, in particular, what the heading would be for each of the percentage/job # claims?
While the website was discovered for what you’ve provided, it does require registration which is always declined.
As an addendum, today’s upward PM related pricing is suspicious based on past activity. It is down in Asia and up in London and US markets. From here that looks like manipulation. While we are at what looks like a double bottom, or nearly so, when markets are manipulated to the extent that they are by the bankster gang a better course of action would be to wait for confirmation. This could be just another bankster virtual PM mining operation previously defined as one that requires; no mining overhead, no expansion expenditures and no bribes to foreign politicians. Tomorrow could be déjà vu all over again for the umpteenth time. Or…
Note that the major indices are ending in a somewhat negative note. If non-PM share prices drop tomorrow there could be a sympathetic reaction in the PM markets as things like margin calls come into play forcing the sale of anything PM related.
Are you aware of the details of what the Rothschild’s are doing in China? The last that was seen was information on the Internet that they had pulled out of the Hong Kong Metal Exchange. It is believed, more likely, that they remain “silent partners”.
It seems that Rothschild-like manipulation is taking place in Asia, just by the way PM markets react in gradual downward manipulation mode and in sync with American and European markets. The Chinese drive a hard bargain to obtain PMs at the lowest possible prices, which fits perfectly with the bankster crowd's objectives.
Please post a title to any Internet information you have stating their current presence in China. Buying too soon is a BAD idea, and a number on this message board seem to remain too positive in terms of an expected near term turn-around. What appears logical is destroyed by manipulation, and draws precious resources from those opposed to bankster created fiat counterfeit funny Monopoly “money”.
What is at work here is a number of countries that have sworn among themselves to disassociate themselves from the US Dollar. How much effort they put into this and what hurdles this implies for those who do what has to come from the thinking of expert economists with a clear understanding of where fiat monetary systems will lead into the future will provide an approximate day when central banksters will meet their Waterloo. There is a tremendous amount of momentum involved to try and effect change that appears to be beyond the capability of most to make an assessment of even an approximate time to bring about change.
The US Dollar is “toast” in the long run as are all other fiat currencies. All must reach their true value, zero, before there will be substantial change in the value of companies in the PM sector, like SLW. Many know what happened in the case of Rome when their money became worthless. That took 100s of years long before the advent of the Internet. Now, with each mounting level of risk by central banks to protect a system of fiat money, the probability of a catastrophic quickly unfolding catastrophic event that will bring down their criminal enterprises makes more likely that fiat money systems will implode sooner rather than later. The success of replacing the current system of central bank criminality depends on ridding populations of all those who have participated in it since they are committed to its continuance.
But we are not there yet. For individuals to place their finite resources at risk too soon just forestalls the day when fiat money systems collapse. Alternatively if more adopt a prudent approach and attempt to place their resources at as near the bottom of the current manipulative efforts of the bankster gang to drive PMs lower, the sooner will fiat money systems implode and the better will be the success of the opponents to fiat money.
...by backing needed domestic change, as follows:
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
The POTUS has refused to back down from his unconstitutional demands to go forward and implement the ACA. His poll numbers are becoming less with each assessment. At some point they will become so low that even the most timid or extreme leftist of our legislators will become isolated as also-rans with the preponderance of those remaining having the clear power to IMPEACH Obama. And if Biden does not toe the line on the US Constitution, he will also become an easy candidate for impeachment.
What all of this means is that We the People have more important domestic problems emanating from the public sector than all Middle East interventions as well as others internationally. Of course this is a “money” problem and our money is not as defined in the US Constitution.
The Coinage Act of 1792 makes clear what should happen should our money be counterfeited. That is the current state of our medium of exchange, the US dollar. The Federal Reserve Act is up for renewal on December 24, 2013. There are no broadcasts from the mass media for a movement to put an end to this private bank.
Are there a few remaining on this message board that understand the rightfulness of the above, which implies dramatically positive results for USAGX and other companies in the PM sector?
You are certainly right about the throwing money away buying at this time. Years ago we used to watch a TV program called “Charting the Market” with Gene Morgan. His recommendations ALWAYS were to wait for a double bottom to occur. Today that is quite an art to try and spot one because the stock market, in the opinion here, is highly manipulated from Federal Reserve influence. Just enough non-bankster people broadcasting their intentions appears to be a flag for those in manipulation mode to violate that correlation as a turning point. We shouldn’t want to give these blisturds (that’s called censor avoidance) a dime more than we can possibly avoid.
A better indication is long term support, which has not as yet been reached, but we’re getting close. For that to be violated means the banksters and their allies are going to start bleeding counterfeit fiat funny monopoly money to prevent a run-a-way market to the downside. This could kill any perception of a "recovery" and support for the socialist agenda by the ruling elite. If enough non-bankster types correctly get a good price, over time that will damage the bankster agenda. Besides, it’s always very entertaining to watch them squirm, kind of like watching the country’s enemy leaderships’ arms and legs flying apart in mortar explosions (admittedly an extremely rare event).
Unlike many who inhabit this message board, these are sincere opinions not meant to steer people in the wrong direction for our benefit, which doesn’t necessarily mean correct conclusions.
See “Gold-Stock Panic Levels” by Adam Hamilton of April 26, 2013, where he was implying that those who read his market predictions should jump into the PM market with both feet. Having seen others post messages here and on other message boards regarding their admiration for his charting abilities, isn’t it time you reassessed what his charts imply but ultimately fail to predict as the future arrives?
The current downturn isn’t the first time he has been out of sync with market direction. It also happened before the crash in 2008. Interestingly there is a gap that wasn’t there before during that time period.
Save your money. Zeal and Hamilton don’t have as good a crystal ball as do many of you. This goes for many of these other online gurus whose real main focus is to say the sorts of things that will gain them subscribers with total disregard for any consideration of accuracy. In the interests of full disclosure we have never been a subscriber as early doubters. Some are more honest than others about their capability to predict the future with their wiz-bang charts. It’s left up to you to discover them. The simplicity of trend lines that anyone can apply are far more accurate and don’t require a PHD in advanced mathematics.
Hamilton for years has been touting the unfailing predictability of the seasonality of PM price levels. It certainly hasn’t arrived this year. Of course there is perhaps a more predictable view into the future, and that is when statements like “seasonality” imply a sure statement of price levels annually that those with the ability to manipulate PM markets will drive them the opposite direction for their benefit. It’s left up to you to decide whether the gurus and the manipulators have conspired together.