It’s Jiffy Pop Time! Gold and Stock Markets Weekly Wrap Up

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ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, bonds, Brian Tang, bull market, CDE, CEF, central banks, China, cobalt, Comex, Copper, crash, Currencies, currency, Currency and Currencies, Dennis Gartman, DGP, dollar denominated, dollar denominated investments, Doug Casey, EGO, Federal Deficit, Forex, FRG, gata, GDX, geothermal, GG, GLD, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, Green Energy, GTU, HL, hyper-inflation, IAU, India, investments, Jeffrey Nichols, Jim Rogers, John Embry, Jschulmansr, Keith Fitz-Gerald, majors, Marc Faber, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, NXG, PAL, Peter Grandich, Peter Schiff, platinum miners, power, prices, producers, production, Sean Rakhimov, silver miners, SLW, small caps, stagflation, SWC, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

It’s Jiffy Pop Time and the Gold market is just starting to pop, pop, pop. The heat is being generated by the whirring printing presses at the U.S. Treasury; which are running full steam ahead, unabated, and with no prospect of turning them off. This forms the stove with Inflation, (soon to be Hyper-Inflation) are the burners, blazing red hot. Extra energy is coming from the falling dollar and rising prices/Inflation regardless of what the manipulated Government reports may say. True Inflation right now is approximately 18%+. The tin foil on the Jiffy Pop is starting to rise and Gold has closed today at an 18 month high. We are moving out of the deflation stage and into the inflation stage, if Bernanke is truly dedicated to saving the U.S. economy the he need to tell Geitner to turn off the presses now. We have already doubled, no almost tripled the amount of dollars in circulation now; just in the last 8 months.

The popping is growing louder and mmm- the smell of fresh popped Jiffy Pop Popcorn. The heat is high and I hope you are on the right side of the markets- especially Gold and Precious Metals and in Stocks. For Gold in the coming week I fully expect we will take out the $1033 high. I would not be upset if we built a base down here around $1000 –  $1015 during the next few days and closing out next week at $1025 – $1040. This thrust will take us up to $1075- $1100 Then a retracement to back to $1025-$1033 before taking out $1100; and then getting to $1250 – $1300 by the end of the year. We will see a futile attempt to prop up the U.S. Dollar but there is nothing they can do short of raising Interest rates which will sink the fledgling recovery. Oil wil come back and take out first $75 a barrel and then $100 a barrel by the end of the year.

On stocks, I made a mistake on the wave/formation pattern, I still feel we are in the process of creating a head and shoulders top, the exception is that we are still forming the head. I think we will top out the head at DJI 9750- 9800. From there it will be a vicious drop off the cliff preceded by a short right shoulder buildup. I think the big crash is going to occur very soon in the next few weeks. Keep your stops very tight and get ready to play the downside.

I initiated two positions Thurs late afternoon, I bought (DGP) at 2245 and I sold (DGZ) at $22.60. I am getting ready to buy Dec call options for (GLD) and (RGLD) on Monday. You can follow my trades on twitter right after I initiate them.

Have a Great Investing Day! –

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Claim a gram of FREE GOLD today, plus a special 18-page PDF report;

Exposed! Five Myths of the Gold Market and find out:

• · Who’s been driving this record bull-run in gold?
• · What Happens When Inflation Kicks In?
• · Why most investors are WRONG about gold…
• · When and How to buy gold — at low cost with no hassle!

Get this in-depth report now, plus a gram of free gold, at BullionVault

===================================================

Four Keys To Gold’s Next Move – Seeking Alpha

By Jeffrey Nichols of Nichols On Gold

Gold may have moved too high too soon . . . but whether or not the metal manages to recoup and hold onto recent gains near or above the $1000 an ounce level in the days immediately ahead . . . we are nevertheless looking for new highs (above $1032) in the closing months of the year with gold possibly at $1200 or $1300 before the New Year.

Key One: India

I’ve just returned from India, one of the most crucial markets for gold with a long history and big appetite for the yellow metal. What happens next for gold may depend most on the strength — or weakness — of Indian buying. And, Indian buying is both price sensitive and in sync with various holidays, festivals, and the wedding seasons.

With current rupee-denominated prices near historic highs, many are waiting either for a correction or evidence of staying power before returning to the market for new purchases. And while festival and wedding-related buying is expected later this month, the two-week period up to September 19th is considered inauspicious for gold purchases and many potential buyers will wait until later in the month.

If gold can remain near $1000 for the next week or two, giving Indians a sense of confidence that the price is not about to retreat, we can imagine stronger buying interest sufficient to get the price moving toward its previous historic peak and beyond into uncharted territory.

Key Two: China

Official — but unreported — buying on behalf of the central bank and possibly the country’s sovereign wealth fund, the China Investment Corporation, is being joined by growing private-sector demand for both investment bars and jewelry.

Press reports suggest that the Chinese government has adopted a new — more positive — attitude toward private-sector buying of both gold and silver. With China now the number one gold-mining country, it is in their interest to see a higher gold price as long as demand can be satisfied by domestic mine production and scrap reflows. Additionally, it has been suggested that the new pro-gold policy is intended to channel speculative funds away from real estate and equity investments.

The recently announced agreement for the People’s Bank of China to purchase from the International Monetary Fund about $50 billion in SDR-denominated, IMF-issued interest-bearing securities has also contributed to the latest round of dollar selling . . . and, to the extent that dollar weakness is a plus for gold, this has also supported the early September gold rally.

Key Three: Barrick

Barrick Gold’s (ABX) smart move to buy back its gold hedge position provided a temporary booster shot that helped propel the yellow metal through the $1000 an ounce barrier.

If I remember correctly, as of midyear, Barrick — the world’s largest gold-mine producer — had about 168 tons of gold outstanding on its hedge book . . . and would have to buy back this quantity to regain full exposure to future gold-price moves.

Anticipating an announcement effect, Barrick most likely accelerated its gold repurchase program in the days leading up to the September 7th announcement and probably paused to let the market recover from the news and prices to back off a bit before it resumes its repurchase program. With another tranche still to be repurchased in the months ahead, I expect Barrick to buy into price weakness, helping to underpin the price at moments of weakness.

Key Four: Monetary Factors

Of course, clients and readers of NicholsOnGold know that we think U.S. monetary policy and money supply growth are the primary determinants of U.S. price inflation, U.S. dollar performance, and the future price of gold. Last weekend’s communique from the G20 Finance Ministers and Central Bank Governors was a reminder that monetary stimulus is likely to stay for some time. This — along with last week’s report from the United Nations critical of the U.S. dollar’s roll as a global reserve asset — has pushed the dollar lower in foreign-exchange markets to the benefit of gold.

If you haven’t already read the full text of my speech to the 6th Annual India International Gold Convention in Goa, India last week, I suggest you take a look for more about gold’s supply/demand situation, important changes in central bank gold policies, and implications of U.S. monetary policy.

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How to Trade Natural Gas, Crude Oil and Gold ETF Funds – Seeking Alpha

By: Chris Vermeulen of The Gold and Oil Guy

How to trade hot commodities like natural gas, oil and gold? We should see big moves in the coming weeks as gas bottoms, and oil and gold breakout or breakdown. A lot of money is going to be exchanging hands quickly and the key is to be on the receiving end of things. Below are some charts showing where these commodities are trading.

How to Trade Gold – Weekly Chart

How I trade gold is relatively straight forward. I use a simple trading model which allows me to identify the down side risk for a potential gold trade. I also use the same model for trading oil, gas and silver.

Beyond finding good entry points, it is crucial to know when to take some profits off the table. The weekly gold chart clearly shows gold trading at a resistance level which means there are going to be more sellers than buyers, hence the reason it is called resistance.

To trade gold I enter with my low risk entry points and sell half my position once I reach a resistance level. Thursday for example gold moved up into this long term resistance level and then started to head south. We took some profits off the table before gold dipped in the late afternoon for a healthy gain. Taking profits is a must or you’ll simply hold onto winning positions until they eventually turn into a loser.

How to Trade Crude Oil – Weekly Chart

Trading crude oil is exciting because it moves much faster than gold. How to trade crude oil with low risk can be done by using my simple trading model which is a combination of indicators like momentum, support & resistance, volume, price patterns and media coverage. All these things combined allow for highly accurate trades with minimal down side risk.

Crude oil looks ready to make a big move. The odds are pointing to higher prices because oil has a multi month bullish price action and the falling US dollar helps increase the price of oil. I can see oil breakout and rally into the $95 per barrel level if things go that way in the coming weeks.

How to Trade Oil (USO Fund) – Weekly Chart

USO tracks similarly to the price of crude oil and it provides some great trades for both swing traders and day traders. I focus on trades that bounce off support with low downside risks, which occur on both the daily and weekly charts.

How to Trade Natural Gas – Weekly Chart

Natural gas is looking ready to bottom here. If you go back to the early 90’s the $2-3 range is a major support level. While I don’t generally try to pick bottoms, there are some signature price patterns and volume patterns that have proven to be very profitable for catching sharp bounces.

How to Trade Natural Gas – Daily Chart

The daily chart shows a perfect waterfall sell off with the price of natural gas dropping to a long term support level. This pattern combination shows panic selling which indicates a short term bottom is close.

The extreme panic selling and sharp decline in price, removes much of the down side risk. Scaling into a position over a few days, if the price continues to move lower, is important for this strategy to work its magic.

The black horizontal lines show my resistance levels for taking profits. If the price were to drop below $10 then I would exit the second half of the position to lock in the rest of the profit.

How to Trade Commodities Conclusion:

Trading commodities is very simple with all the ETFs and funds available. The energy funds like oil and gas have some issues with following the prices of their underlying commodity but I do not find it a problem with my style of trading.

I would really like to know the entire story about what is going on with the oil and nat gas funds which have crazy contango issues. Why do other commodity funds like GLD (gold bullion) and SLV (silver bullion) not have these issues? Why can’t they make a fund which follows oil and gas properly? All I know is that there are a lot of dishonest people in the financial industry taking honest hard working peoples’ money.

Visit The Gold and Oil Guy

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(9-11 Postscript): I salute the fallen hero’s of 9-11 – we will not forget you! Our prayers are still with the families of the fallen and the survivors. We will never forget…

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I will be starting regular daily posts next week especially since the markets are heating up- Like I said it’s “Jiffy Pop” time! – Have a great weekend-jschulmansr

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Nothing in today’s post should be considered as an offer to buy or sell any securities or other investments; it is presented for informational purposes only. As a good investor, consult your Investment Advisor/s, Do Your Due Diligence, Read All Prospectus/s and related information carefully before you make any investing decisions and/or investments. –  jschulmansr

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A Sucker’s 2 day rally – New $725 Stock Tip!

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ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, bonds, Brian Tang, bull market, CDE, CEF, central banks, China, cobalt, Comex, commodities, Copper, crash, Currencies, currency, Currency and Currencies, deflation, Dennis Gartman, depression, DGP, dollar denominated, dollar denominated investments, Doug Casey, economic, economic trends, economy, EGO, Federal Deficit, financial, Forex, FRG, futures, futures markets, gata, GDX, geothermal, GG, GLD, gold, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, Green Energy, GTU, hard assets, HL, hyper-inflation, IAU, India, inflation, investments, Jeffrey Nichols, Jim Rogers, John Embry, Jschulmansr, Keith Fitz-Gerald, majors, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, Nouriel Roubini, NXG, Osisko Mining, PAL, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, power, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, SLW, small caps, sovereign, spot, spot price, stagflation, SWC, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

I really hope you haven’t been fooled by this latest little upswing over the last couple of days in the Stock Markets. Please take your profits now and do it tomorrow! Turn that money over into resource based stocks especially Gold and Silver, Oil and Energy, and your basic foodstuff and base metal commodities. Wed. rally was to get rid of the weak shorts snatch their cash and today fool them to turn their positions and catch them with a whipsaw. Thurs. rally basically caused by Roubini semi positive remarks on the economy. How interesting, I wonder what tomorrow Fri. result will be when the markets hear about Roubini’s rebuttal (of course after market close!).

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I wanted to take a minute and share with you some excellent links to INO.com Market Club. I am personally a member and I love their charting tools and their patented “Triangle Technology”. This is a “must have” for any serious trader. I’ve arranged for my readers a couple of special videos on the Dow Jones Industrial’s, the Dollar Index, the Aussie Dollar.

Watch them, look around Ino, Market Club, and sign up for the “free” stuff to check them out…

Important Dow Update, July 14th

In today’s short video I am going to be revisiting the Dow Jones Industrial index (DJI).

Dow Update

I think it’s very interesting to see what our “Trade Triangles” are doing as well as what our Talking Charts are saying about this market.

I’ll also be using MarketClub’s Fibonacci tool. If you have not seen this tool in action, I strongly recommend that you watch today’s video.

You can watch this video with my compliments and there is no registration requirements.

Exploring the Dollar Index

While the US dollar was supposed to lose ground against its counter parties, the market has remained surprisingly stubborn and trapped in a sideways trading range.

In today’s video I will explore what’s going on, and where I think this market is headed in the future.

You can watch this video with my compliments and there is no registration requirements.

Dollar Index

What’s up with the currency from down-under?

We are taking a trip down under today.

It has been sometime since we last looked at the relationship between the US dollar and the Australian dollar (USD/AUD). Today seemed like an opportune time to look at this cross and to figure out where it is headed using our “Trade Triangle” technology.

We’re also using MarketClub’s Fibonacci tool. If you have not seen this tool in action, I strongly recommend that you watch today’s video.

Aussie Dollar

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

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Roubini refutes better outlook – MarketWatch

By Kate Gibson

NEW YORK (MarketWatch) — Economist Nouriel Roubini on Thursday refuted reports that he had improved his economic outlook, saying his comments at an investors conference earlier in the day were taken out of context. “I have said on numerous occasions that the recession would last roughly 24 months. Therefore, we are 19 months into that recession. If as I predicted the recession is over by year end, it will have lasted 24 months with a recovery only beginning in 2010,” Roubini said in a statement.

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Roubini: I Was Taken Out of Context – The Street.Com

The following is a statement from Dr. Nouriel Roubini, chairman of RGE Monitor, and professor, New York University, Stern School of Business:

It has been widely reported today that I have stated that the recession will be over “this year” and that I have “improved” my economic outlook. Despite those reports — however — my views expressed today are no different than the views I have expressed previously. If anything, my views were taken out of context.

I have said on numerous occasions that the recession would last roughly 24 months. Therefore, we are 19 months into that recession. If as I predicted the recession is over by year-end, it will have lasted 24 months, with a recovery only beginning in 2010. Simply put, I am not forecasting economic growth before year’s end.

Indeed, last year I argued that this will be a long and deep and protracted U-shaped recession that would last 24 months. Meanwhile, the consensus argued that this would be a short and shallow V-shaped 8 months long recession (like those in 1990-91 and 2001). That debate is over today as we are in the 19th month of a severe recession; so the V is out of the window and we are in a deep U-shaped recession. If that recession were to be over by year-end — as I have consistently predicted — it would have lasted 24 months and thus been three times longer than the previous two and five times deeper — in terms of cumulative GDP contraction — than the previous two. So, there is nothing new in my remarks today about the recession being over at the end of this year.

I have also consistently argued — including in my remarks today — that while the consensus predicts that the U.S. economy will go back close to potential growth by next year, I see instead a shallow, below-par and below-trend recovery where growth will average about 1% in the next couple of years when potential is probably closer to 2.75%.

I have also consistently argued that there is a risk of a double-dip W-shaped recession toward the end of 2010, as a tough policy dilemma will emerge next year: on one side, early exit from monetary and fiscal easing would tip the economy into a new recession, as the recovery is anemic and deflationary pressures are dominant. On the other side, maintaining large budget deficits and continued monetization of such deficits would eventually increase long-term interest rates (because of concerns about medium term fiscal sustainability and because of an increase in expected inflation) and thus would lead to a crowding out of private demand.

While the recession will be over by the end of the year, the recovery will be weak, given the debt overhang in the household sector, the financial system and the corporate sector; and now there is also a massive releveraging of the public sector with unsustainable fiscal deficits and public debt accumulation.

Also, as I fleshed out in detail in recent remarks, the labor market is still very weak: I predict a peak unemployment rate of close to 11% in 2010. Such [a] large unemployment rate will have negative effects on labor income and consumption growth; will postpone the bottoming out of the housing sector; will lead to larger defaults and losses on bank loans (residential and commercial mortgages, credit cards, auto loans, leveraged loans); will increase the size of the budget deficit (even before any additional stimulus is implemented); and will increase protectionist pressures.

So, yes there is light at the end of the tunnel for the U.S. and the global economy; but as I have consistently argued. the recession will continue through the end of the year, and the recovery will be weak and at risk of a double dip, as the challenge of getting right the timing and size of the exit strategy for monetary and fiscal policy easing will be daunting.

RGE Monitor will soon release our updated U.S. and Global Economic Outlook. A preview of the U.S. Outlook is available on our website: www.rgemonitor.com

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Now for the $725 "HOT" Stock Tip. Another leading newsletter is
offering to give the name of this new Gold Find the 7th largest
Gold deposit in North America. Surrounded by some very compelling
and excellent copywriting that I have seen, you are drawn into the 
story about renegade geologist and his team have uncovered one of 
the largest gold reserves in North America – over $10 billion dollars
worth.

All is now in place to begin mining the earth and getting the gold out 
of the ground and the mine into production. Equipment is already bought 
and being delivered. What’s even better is that this is an  opportunity 
that where this small company has so much gold that it’s about become a
mid-size gold producer in record time.

One thing I can tell you is this... The best time to "buy" gold is
before a single ounce comes out of the ground... while the shares
are still very cheap. Currently trading for around $6-$6.50, while
the gold alone is worth roughly $35 per share). 

Drum Roll Please... The name of the company Osisko Mining Corp. (OSKFF).

Enjoy and Good Investing! - jschulmansr

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Claim a gram of FREE GOLD today, plus a special 18-page PDF report; 
Exposed! Five Myths of the Gold Market and find out:

• ·        Who’s been driving this record bull-run in gold?
• ·        What Happens When Inflation Kicks In?
• ·        Why most investors are WRONG about gold…
• ·        When and How to buy gold — at low cost with no hassle!

Get this in-depth report now, plus a gram of free gold, at BullionVault 
===============================================
Nothing in today's post should be considered as an offer to buy or sell
any securities or other investments; it is presented for informational
purposes only. As a good investor, consult your Investment Advisor/s,
Do Your Due Diligence, Read All Prospectus/s and related information
carefully before you make any investing decisions and/or investments.
–  jschulmansr

Time to Take Delivery! Do it Fast…

Tags

ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, bonds, Brian Tang, bull market, CDE, CEF, central banks, China, cobalt, Comex, commodities, Copper, crash, Currencies, currency, Currency and Currencies, deflation, Dennis Gartman, depression, DGP, dollar denominated, dollar denominated investments, Doug Casey, economic, economic trends, economy, EGO, Federal Deficit, financial, Forex, FRG, futures, futures markets, gata, GDX, GG, GLD, gold, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, GTU, hard assets, HL, hyper-inflation, IAU, India, inflation, investments, Jeffrey Nichols, Jim Rogers, John Embry, Keith Fitz-Gerald, majors, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, NXG, PAL, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, SLW, small caps, sovereign, spot, spot price, stagflation, SWC, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

My fellow Investors, lately I have been hearing rumors going round about how many so called “safe warehouse’s bullion depositories” are about to be or are in process of being audited. Exactly, to find out if they have all the Gold and Silver they are supposed to be holding for investors. I just received confirmation from a very reliable source today – Jim Sinclair himself! If there is anything even slightly amiss, a panic will ensue for sure. So in order to protect myself and you my readers, I am recommending that you take delivery now and immediately. Yes, even from “Comex approved” warehouses.  I will include below the missive I received from Jim Sinclair today.  Ps- One other thing this will help accomplish aside from the most important fact of self/wealth preservation, it will definitely cause a “short squeeze” in the Gold and Silver markets and catch the big 3 banks with their shorts down! (okay pun intended! LOL!).

Now for the markets, the (DJI) is right back where we were a few days ago. 8750 (DJI) is still the key with upward resistance the big 9000 and support at 8500. I hope you followed my advice and took out most of your profits. You will never get hurt taking profits and remember you can always jump back in if you pulled the profit trigger a little early. Ps- today’s action looked awfully like a key reversal and the start of the next down leg. Remember, Treasury yields are going higher, Russia, China, and Brazil have all announced they are selling US Treasuries for IMF Bonds. The Fed can only keep buying Treasuries with the help of the printing press. How inflationary will that be? Otherwise, they have to let the US Dollar crash, in fact I think they are going to do both until it is too late…

Gold and Silver have been both inching slowly upward after the correction caused by the big 3 banks and their huge short positions. Everyone please write the CFTC and every other regulatory agency to investigate and stop the blatant price manipulation occuring in the Gold and Silver Markets. For More Info of Gold Manipulation go to www.gata.org.

Keep accumulating –  especially in Silver and Gold producers. I’ll have another sweet pick for you in a few days. Speaking of sweet picks did you see what happened with West Timmins Mining (WTMNF)? Hope you took advantage of my pick when I mentioned it here. Until the next time- Good Investing! – Jschulmansr

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Subject: Two trending markets revisited and analyzed for you

Here is a video analysis of the S&P and Gold markets. The technical analysis was right on at the time, but those markets have changed quite a bit in the last few days. The S&P had a huge rally and Gold is climbing at a  steady rate, so what’s the new analysis? Glad you asked!

Below are two free videos, one on Gold and one on the S&P, that gives us an in depth technical look into these markets. Again the videos are free and very informative. Just Click on the Links Below…

          S&P Video Analysis:                                                    Gold Projections:

Also- Here’s your chance to analyze that stock you have been thinking about adding to your portfolio. Just enter the ticker of any company, name of a commodity, or forex pair and get your complimentary technical analysis. It cost you nothing and no payment info will ever be requested.

Click Here To Enter Your Symbol/s

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Claim a gram of FREE GOLD today, plus a special 18-page PDF report;

Exposed! Five Myths of the Gold Market and find out: 

• ·        Who’s been driving this record bull-run in gold?
• ·        What Happens When Inflation Kicks In?
• ·        Why most investors are WRONG about gold…
• ·        When and How to buy gold — at low cost with no hassle!

Get this in-depth report now, plus a gram of free gold, at BullionVault

====================================================

Here is what I received from Jim Sinclaire of JSMineset.com today…

“Nothing will unnerve the paper gold shorts more quickly and do more to undercut their confidence than to strip them of the real metal and force them to come up with more hard gold bullion to make good on deliveries. “Stand and Deliver or Go Home” should be the rallying cry of the gold longs to the paper gold shorts.” –Trader Dan Norcini

Dear Comrades In Golden Arms, You know that information that comes to me has been reliable. You also know that the entire purpose of all of working here at JSMineset has been to get you through this safely. You also know that if we had not been here hundreds of thousands of people now holding gold would not be.   So please pay attention to the following.   I have heard rumors for some time, but today it was confirmed to me, that the Canadian mint’s present problems are not unique and that other depositories (vaults) have had an army of auditors descend on them in the last two weeks. Some of these depositories have names so famous that it would scare the hell out of you. The repercussions would be drastic if they turn out to be troubled.   Why take the risk?   I suggest to you now that you take delivery of all gold held in vaults and depositories on your behalf, but this time even from the most prestigious.   You can get delivery via armoured car service to your bank and utilize safe depository, spread over a few banks. You can insure your safe depository if you do not mind making your holdings public.   I believe that this recommendation is warranted, but also it will be the financial saviour of many.   Respectfully yours, Jim

 

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The Gold, Silver, Oil & Natural Gas Report- Gold and Oil Guy

By: Chris Vermeulen of The Gold and Oil Guy.Com

The Gold, Silver, Oil & Nat Gas

Report

With so much happening in the market, emotions flying high and from being blinded by fear and greed many investors are wondering What do I do now?

I have put together some of my trading charts to help keep the overall picture clear for us commodity traders. My approach is very simple and effective when proper trading/money management is applied. FEAR and GREED are the two most powerful forces in trading and if you cannot stomach your trades when they go south, you most likely are trading to large of a position for your account size. Ok, I will try to stay on topic and not get into the education side of things J

The US dollar has had a massive rally considering the United States is in serious trouble. My thoughts are investors bought the USD as the entire planet started to crack thinking it was a smart investment. Which is could be a great play for the long term but I plan on covering that next week with monthly chart analysis for all these commodities.

I have heard a few analysts on CNBC say the US Dollar has broken its down trend. The question I am wondering is: What time frame are they looking at? The daily chart looks strong but if you zoom out and look at the weekly or monthly chart, we have not even made a higher high yet. Everyone sees the market differently that’s for sure.

The US Dollar – Head & Shoulders, Knees then ToesThis chart shows a perfect head and shoulders pattern which made a text book breakout. To keep this report short and to the point, the USD is at support and I expect we will see a rally higher to the 84 – 88 levels which would complete a larger head and shoulders pattern on the monthly chart. A breakdown from the monthly head and shoulders would most likely start the next major leg lower. The USD could rise here, thus pull the price of gold and silver down temporarily and that is why I have locked in some profits on these commodities.

 

 

The Price of Gold – Daily GLD Fund

Gold is currently pulling back from resistance and in my opinion forming the right shoulder which will complete this reverse head and shoulder pattern. Last week I took some profit on my gold position and currently hold a core position hoping prices will hold at my next support trend line. If prices breach that level ($91) then I will exit the balance of my position and wait for the next low risk setup.

 

The Price of Silver – Daily SLV Fund
Silver is in the same position as gold. I am expecting a pullback for a re-entry.

 

The Price of Oil – Daily USO Fund
Oil has been on the run since May. Oil had a near perfect breakout/buy signal (Risk was over my 3% risk setup) but many traders took advantage of this signal and are now experiencing massive gains. Tighten stops to lock in some profits and let the rest ride until the next support trend line is breached which will provide more wiggle room for oil to take a breather before moving higher again.

 

The Price of Natural Gas – Daily UNG Fund
Last week I provided the weekly charts with analysis of all these funds. UNG was the one that really looked exciting. On the weekly charts its very similar if not identical looking to the price action that oil had before it sky rocketing. This chart looks like a spring coiling tightly and getting ready to explode. Only time will tell but keep it on your trading platform!

 Trading Conclusion for Gold, Silver, Oil & Nat Gas

In short, the US Dollar is trading at support and could be starting a nice rally to form the second shoulder which can be seen on the monthly chart. If this happens I expect gold and silver will have some selling pressure.

Oil continues to rally and short term traders should be thinking about tightening their stops to lock in some gains on the first sign of a reversal.

Natural Gas looks locked and loaded for a big bang. I’m waiting for my signature setup before jumping onboard as it helps improve the odds of the trade going in my direction after I enter a position.

If you would like to receive these free trading reports or my trading signals please visit this link: Free Weekly Trading Reports – Click Here

If you have any questions please feel free to send me an email. My passion is to help others and for us all to make money together with little down side risk.

To Your Financial Success,
Chris Vermeulen
The Gold and Oil Guy

===================================================

Claim a gram of FREE GOLD today, plus a special 18-page PDF report;

Exposed! Five Myths of the Gold Market and find out:

• ·        Who’s been driving this record bull-run in gold?
• ·        What Happens When Inflation Kicks In?
• ·        Why most investors are WRONG about gold…
• ·        When and How to buy gold — at low cost with no hassle!

Get this in-depth report now, plus a gram of free gold, at BullionVault

====================================================

Nothing in today’s post should be considered as an offer to buy or sell any securities or other investments; it is presented for informational purposes only. As a good investor, consult your Investment Advisor/s, Do Your Due Diligence, Read All Prospectus/s and related information carefully before you make any investing decisions and/or investments. –  jschulmansr

Here We Go Again!

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Here We Go Again! (DJI) Key make or break point 8750. The rah rah is working partially and so stocks continue to creep up. However after looking at Gold, Oil, and Treasuries we have to ask what is really about to happen. Here’s my take in one word… Inflation. Now let’s make that word a little bit more truer… Hyper-Inflation! Yes, my readers that is what is about to come up. You may now just be starting to hear the mainstream press talking about inflation fears, but still they have their heads in the sands and are going on ad nauseum about the glimmers of recover and how were are in a new Bull market for stocks. The only real Bull Market for Stocks are in the hard assests sectors i.e. Gold, Silver, Oil, and the like. Oh, don’t get me wrong, I think the (DJI) will make another stab at 9000 if it can successfully break thru the (DJI) 8750, (S&P 500) 975. Failure here means the beginning of the downward spiral all the way down to (DJI) 6500 again. The Dollar is doomed and is already on the way down. Just think what happens to your purchasing power with the Dollar going down and inflation kicking in? Definitely not a pretty picture!

Now for Gold and Silver is there any doubt? To the moon Alice! Do yourself a favor take your profits out now in Stocks and put them into hard assets.  The reason is simple, they tried to manipulate the prices yesterday by taking huge short and driving Gold down to $960 level. Then look what happened today Gold came screaming back. Gold will take out the $1007 barrier! There will be resistance and more huge short positions taken around $990 in a last vain attempt/manipulation to hold Gold back, but it will fail. Remember to preserve the purchasing power of your dollar is to buy Gold and Silver, especially Silver NOW! Get aboard the Precious Metals train now, it is leaving the station… Good Investing! – jschulmansr

ps- I promised a HOT Stock go to last section of today’s post.

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Claim a gram of FREE GOLD today, plus a special 18-page PDF report;

Exposed! Five Myths of the Gold Market and find out: 

• ·        Who’s been driving this record bull-run in gold?
• ·        What Happens When Inflation Kicks In?
• ·        Why most investors are WRONG about gold…
• ·        When and How to buy gold — at low cost with no hassle!

Get this in-depth report now, plus a gram of free gold, at BullionVault

====================================================

Today only One Article – I know you just can’t wait for the Hot Tip, so if in a hurry scroll down to bottom/end of post. But then COME back and read this article and click on the links within the article to learn what is really going on with Precious Metals price manipulation. -jschulmansr

Will a ‘Silver Bullet’ Finally Kill the Metal Manipulators?- Seeking Alpha 

By: Jeff Nielson of Bullion Bulls Canada

In my previous commentary, “Silver market fundamentals DISTORTED by bullion-ETFs”, I pointed out how (so-called) “bullion-ETFs” were (with rare exceptions) merely a tool of the manipulators – with two primary purposes.

First of all, bullion-ETFs soak-up billions of investor-dollars each year, which would otherwise be invested in real bullion, or in the shares of precious metals miners. Naturally, this has helped to depress the price of silver, and severely depress the price of silver miners – since almost all of the diverted investor-dollars were diverted from the miners, and not bullion, itself. I also showed how these fraudulent investment vehicles have been used to artificially inflate the supposed inventory-levels of silver stockpiles.

Specifically, at a time when actual silver inventories are at their lowest level in centuries, the (supposed) amount of “bullion” these funds claim to hold has singlehandedly resulted in “official” inventory levels tripling in just three years – after plunging by 90%.

Today’s market price is based upon these phony “inventories” despite the fact that the bullion-banks who claim to hold all this silver are never subjected to audits, to determine that they are not only holding enough silver to cover their custodial agreements with the “bullion-ETFs” – but are also holding sufficient silver to cover the MUCH larger “short” positions of these Manipulators (see “Silver Manipulation the worst in history – Ted Butler”).

Unless and until there is such a full and complete audit, the only rational assumption for investors is this supposed “tripling”of inventories is totally illusory, which also means that the “bullion” that is claimed to be held by these bullion-ETFs is also illusory.

As I have also mentioned before, it is elementary economics than any “good” which is undervalued will be over-consumed (relative to its current price). Thus, we have TWO extremely important dynamics which are setting up this sector for a final “implosion” of the criminal conspiracy by the anti-precious metals cabal.

First, price-suppression means the (actual) tiny inventories of silver are still declining not increasing. It is simply absurd to claim that with record, investment demand and declining mine production (due to the dramatic cuts in base metals production) that inventories are increasing. The under-pricing of silver simply confirms this trend.

Secondly, with real inventories only 1/3^rd of what is claimed by the Manipulators, continuing to under-price silver (through continued manipulation) must result in a supply “squeeze” which inevitably causes the price to “spike” (and begin to correct toward some sort of medium-term equilibrium). Given that there has been no similar depletion of gold stockpiles (merely the transfer of ownership), it is far more likely that the final defeat of the anti-gold cabal will be accomplished via a default in silver markets.

The BIG question in the minds of all precious metals “bulls” is when and how will this final victory occur?

Many commentators have pointed to the rigged Comex markets in New York as the place where the final destruction of the Manipulators will occur. However, with the short positions of the bullion-banks, and their (supposed) “custodial agreements” with the bullion-ETFs being “two sides of the same coin”, then implosion could originate in either component of this fraudulent manipulation.

A bullion-default at the Comex (or “Crimex”, as some like to call it) is a very simple scenario. The Comex is essentially selling its phony, “paper” futures for less than any other bullion market. Thus, at some point, large buyers will simply step into this market and continue relentless, heavy buying until default occurs.

Specifically, there would be a “failure to deliver” of bullion to a buyer (or buyers) – who chose to hold their futures contract until expiry, and thus take “physical” delivery of real bullion. As has been reported by several commentators, apparently such a default nearly occurred just weeks ago (see “Did ECB save Deutsche Bank from Comex gold-default?”).

There has been a great deal of frustration among the “gold bugs” (in particular) that such a final “show-down” has not already taken place. However, perhaps we would all be more patient in this respect if we were to try to put ourselves in the position of such big “players”.

Looking at silver, based on fundamentals, it is totally obvious that silver is headed for a spectacular explosion in its price. At a time of record demand for gold and silver, there are lower inventories of silver (relative to gold and in absolute terms) than at any time in centuries. Simultaneously, the gold/silver price ratio is more unfavorable for silver than at nearly any time in history, currently over 60:1. The long-term price ratio (over thousands of years) is 15:1. Additionally, as “elements” in the Earth’s crust, silver is only 17 times as plentiful as gold. Thus, a 60:1 ratio is not remotely sustainable, even over the medium term.

Therefore, armed with the knowledge that investing in silver will yield a huge windfall for all long-term investors, do you (as a large “player” in the silver market) force the inevitable implosion now (and “kill” the proverbial “goose that lays the silver eggs”) – or, do you patiently use the Manipulators game against them: buying as much grossly undervalued silver as you can from these criminals, before their inevitable self-destruction?

From this perspective, it is suddenly much less automatic that the demise of the Manipulators will occur at the Crimex.

I would remind people about an event which went practically unreported last year in North America: at the time of AIG‘s near-bankruptcy, the European bullion-ETFs “guaranteed” by AIG briefly plunged in value – to a price MUCH lower than the nominal price of the bullion they (supposedly) held. The reason? Investors were “betting” in a clearly visible manner that if AIG was forced into bankruptcy it would not be able to honour its “custodian agreements” with these bullion-ETFs – leaving the investors in these funds holding paper and not bullion.

Thus, the outrageously expensive bail-out of AIG (over $180 BILLION, and counting) was not undertaken solely in order to secretly funnel roughly $10 billion into the vaults of Goldman Sachs. It was also bailed-out to prevent a domino-like chain of events. All it will take is for one “bullion-ETF” to default, and then the entire scheme/scam of the Manipulators would inevitably collapse.

The sequence of events is obvious: after seeing one group of bullion-ETF investors wiped-out (or nearly so) by fraud, then obviously the unit-holders for all (so-called) bullion-ETFs would demand thorough and honest audits of the bullion-banks who are essentially running these scams.

Even if the bullion-banks could scrounge-up enough bullion to cover their “custodial agreements”, there would be little if anything left over to “cover” their much larger “short” positions. With “blood in the water”, futures-buyers would obviously immediately start lining up for “delivery” at the Crimex – hoping to be the last buyer to grab some real bullion before the Manipulators were completely wiped out.

Thus, there appear to be three very plausible scenarios leading to the destruction of the Manipulators, and the explosion of the price of gold and silver.

1. The frequently-predicted default at the Comex;
2. The bankruptcy of one (or more) of the bullion-banks; or
3. A default of one or more bullion-ETFs through a thorough audit being performed.

Given what the U.S. government has already shown it was willing to spend to “defend” AIG’s custodial agreements with bullion-ETFs, the second scenario would appear to have the least probability of occurring. However, there is still somewhere close to a quadrillion dollars of derivatives floating around in Wall Street’s private “casino”. Any surprise-implosion of a position in this market could create such unimaginable losses (hundreds of times higher than those of AIG) that a bail-out would simply be impossible to ram-through the corrupt, U.S. government – without literally setting off a second “American Revolution”.

Personally, I see the default of the bullion-ETFs to be slightly more likely than any other scenario for destroying the Manipulators. As with any scam, the larger it grows, the greater the likelihood of exposure. When bullion-ETFs were first created, their claim that they could buy infinite amounts of bullion, with zero “premiums” and store all this bullion for zero storage costs attracted little attention.

With the holdings of these bullion-ETFs rapidly approaching the total annual production of precious metals miners, and already being larger than the national stockpiles of almost every nation on Earth, this obviously-suspect “business model” will attract increasing doubt and skepticism among informed investors – until even blind/deaf/dumb “regulators” are forced to conduct a reputable audit of this sector.

For those hoping to read precisely when and where the Manipulators will meet their final defeat, I suppose you will be disappointed. Sorry, but I’m an “economist” – not a “psychic”. However, hopefully readers will derive some use out of this commentary.

First, because of depleted inventories, it is much more likely that it will be a silver default which “kills” the Manipulators, instead of a gold default. Secondly, as precious metals investors wait for this inevitable occurrence, you are reminded that there are three potential developments to watch for – and not just a “failure to deliver” at the Comex.

In the meantime, any/every investor who continues to add to his (or her) precious metals positions (preferably during short-term dips) is guaranteed to be richly rewarded. Given the extremely uncertain times in which we live, the reward of financial security is “precious”, indeed.

Disclosure: I hold no position in bullion-ETFs.

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One last note- I didn’t forget my promise, here is another HOT stock to buy and forget (hold). (WTMNF) a junior explorer West Timmins Mining. Currently trading in the .70 to .80 cent level.  I have mentioned before load up on the junior and mid-tier Precious Metals Producers, but to throw in some good exploration companies. West Timmins fits in the latercategory. They have the financing in place and are currently drilling. Here is a copy of one of their press releases from May 12th, 2009. I think it speaks for itself. -Good Investing! -jschulmansr 

WTM Intersects 13.64 g/t (0.40 oz/t) over 8.20 metres (26.90 feet) on North Zone Target, 100% owned Thorne Property, Timmins, Ontario

Bonanza grades confirmed including  41.30 g/t (1.20 oz/t) gold over 2.40 metres (7.87 feet) 

West Timmins Project drill program to be expanded

(Vancouver, May 12, 2009) – West Timmins Mining Inc. (WTM:TSX) (“WTM” or the “Company”) today announced that bonanza grade gold mineralization has been intersected from the North Zone on its 100% owned Thorne Property, part of the Company’s West Timmins Gold Project, in Timmins, Ontario. All three holes testing the North Zone returned high-grade gold mineralization, highlighted by hole GS09-31 which returned 8.20 metres (26.90 feet) grading 13.64 g/t (0.40 oz/ton) gold, including 2.40 metres (7.87 feet) grading 41.30 g/t (1.20 oz/t) gold.

 

“The North Zone adds another zone of high grade gold mineralization over significant widths on our 100% owned property package in Timmins. These results continue to confirm the presence of multiple high grade gold zones located in close proximity to each other in the West Timmins District. This clustering of high-grade gold zones is perhaps the single most significant characteristic of the Timmins Camp. History does appear to be repeating itself in the west end of the Camp” said Darin Wagner, President and CEO of West Timmins Mining. “WTM will immediately expand the scale and scope of our drill program on our 100% owned properties in Timmins and welcomes the recently announced expansion of the drill program on the adjacent Thunder Creek Joint Venture.”

 

WTM now has six expanding zones of high-grade gold mineralization located within 3 kilometres of each other in the West Timmins District: the Rusk and Porphyry Gold Zones on the Thunder Creek Joint Venture, the High-grade and Central sub-zones within the Golden River West Zone, the Hwy 144 Zone where high-grade intercepts have recently been reported and now confirmation of continuity and bonanza grades from the North Zone.

The North Zone is located along the northern flank of the Golden River Trend on WTM’s 100% owned Thorne Property. Historic work in the North Zone area has been re-interpreted based in large part on the recent discoveries of high-grade gold mineralization on the Company’s adjacent Thunder Creek Property and within the Golden River West Zone. This work has lead to the identification of a steeply plunging zone of high-grade gold mineralization. The North Zone mineralization is characterized by silica veining and flooding associated with significant visible gold mineralization and is very similar to many of the vein-style gold deposits in the Timmins Camp. Drilling has also intersected additional gold bearing structures beneath the North Zone, the NL1 and NL2 structures, which remain open for additional testing – again characteristic of gold systems in the Camp.

On-going exploration activities are focussing on the area between the Timmins West (now Timmins) gold deposit and the Destor-Porcupine Fault, located 5.0 kilometres to the south, where multiple gold-bearing systems have been confirmed within WTM’s extensive West Timmins Project land holdings. The Destor-Porcupine Fault is a deep-seat fault system which can be traced throughout the entire Timmins Camp.

Quality Control and Assurance

Geochemical results reported are from halved drill core samples collected from WTM’s 100% owned Thorne Property, part of the Company’s West Timmins Gold Project. Core samples were collected by employees and consultants in the employ of the Company and are subject to the Company’s quality control program. Sampling was conducted on site at the Company’s exploration office in Timmins, Ontario and sealed samples were transported to Swastika Labs preparation facilities in Swastika, Ontario. Samples were assayed for gold by standard fire assay- ICP finish with a 30 gram charge. Gold values in excess of 3.0 g/t were re-analyzed by fire assay with gravimetric finish and intercepts returning in excess of 8.0 g/t, or displaying visible gold mineralization, were re-analyzed by pulp screen metallic assaying for greater accuracy. The remaining half of the drill core is stored on-site at the Company’s Timmins exploration office. 

For quality control purposes blank, duplicate and analytical control standards were inserted into the sample sequence at irregular intervals. Mr. Darin Wagner (M.Sc., P.Geo), the Company’s President, has acted as non-independent qualified person for this news release. The qualified person has visited the project site, examined the intervals reported and, has verified that any significant analytical discrepancies have been resolved and that the reported results meet the Company’s quality control standards.

About West Timmins Mining Inc. (www.westtimminsmining.com):

 

WTM is focussed on the exploration and development of district-scale gold projects in the major gold camps of North America. The Company is advancing the high-grade Rusk and Porphyry Gold discoveries on its Thunder Creek joint venture in Timmins, Ontario and continues to test the nearby 5.0 kilometre long Golden River Trend. WTM also has active gold exploration projects in Mexico, highlighted by the high-grade Lluvia de Oro gold-silver Project in Chihuahua State. West Timmins Mining is based in Vancouver, British Columbia, Canada and trades on the Toronto Stock Exchange under the symbol WTM.

 

On behalf of the Board of

West Timmins Mining Inc.

 

“Darin W. Wagner”

 

Darin W. Wagner

President and Chief Executive Officer

For further information contact:
John Toporowski, Manager, Investor Relations

West Timmins Mining Inc., Vancouver

Tel: (604) 685-8311 / Toll Free: (866) 685-8311

E-mail: jtoporowski@westtimminsmining.com

 

The TSX has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.

 

For further details on West Timmins Mining Inc. please refer to prior disclosure at www.sedar.com. The securities described in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended, or under any U.S. state securities laws, and such securities may not be offered or sold in the United States absent an exemption from such registration requirements.

 

This press release contains forward looking statements within the meaning of applicable Canadian and U.S. securities regulation, including statements regarding the future activities of the Company. Forward looking statements reflect the current beliefs and expectations of management and are identified by the use of words including “will”, “expected to”, “plans”, “planned” and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward looking statements is subject to a number of risks, including those described in the Company’s annual information form as filed with the Canadian securities regulators which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward looking statements.  

>READ PDF – Complete With Maps and the Entire Press release

===================================================

Claim a gram of FREE GOLD today, plus a special 18-page PDF report;

Exposed! Five Myths of the Gold Market and find out:

• ·        Who’s been driving this record bull-run in gold?
• ·        What Happens When Inflation Kicks In?
• ·        Why most investors are WRONG about gold…
• ·        When and How to buy gold — at low cost with no hassle!

Get this in-depth report now, plus a gram of free gold, at BullionVault

====================================================

Nothing in today’s post should be considered as an offer to buy or sell any securities or other investments; it is presented for informational purposes only. As a good investor, consult your Investment Advisor/s, Do Your Due Diligence, Read All Prospectus/s and related information carefully before you make any investing decisions and/or investments. –  jschulmansr