TedWeir

Originally Posted by TedWeir

From Goldbggr:

Apologies to the Great Dennis Gartman

- Market trading technicals have been severely tested across all financial instruments

-Marauding trader groups (hedge funds, investment banks, deep pockets of the world's ruling-owner elite) are pushing for capitulation in every corner seeking to unhinge and unseat what remains of independent and weaker investors and traders.

-Short attacks are common place with the dark pools doing much of the 'painting' and Miss&Dis-information distribution masters manipulating the markets and media. IMO
BUT after all is said and done today what has actually changed fundamentally with the picture:

1. The world's finances are an utter disaster
2. Fiat currency valuations are purely fear driven
3. Banks have been adding gold at fast rate

So IMO Dennis wrong period. Unless you want to trade this market. This is big mistake IMO. What do you think?

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Originally Posted by TedWeir

"Gold is a safe haven and a hedge against political, financial & economic mismanagement and stupidity."
Duh.
Japan is looking forward and building strength in its bond investors and reducing risk for bond purchasers. USA and Europe should take heed IMO. The comong 'super-crash' will wipe out far to many for recovery to be anything but weak.

T



‘Gold For Bonds’ in Japan as Bond Buyers Get Gold Coins - May Enhance Returns 5.9 Times

Excerpt from Gold Core:

...
The likelihood of further downgrades of hitherto risk free government debt, including France and even Germany, is bullish for gold. Gold cannot be downgraded or debased by politicians or central banks.

Indeed, the sort of economic and political mismanagement we see today is what gold thrives on and should lead to further gains in 2012.
Gold is a safe haven and a hedge against political, financial & economic mismanagement

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Originally Posted by TedWeir

Ah the dance of truly amazing stupidity continues... BUT we all know they cannot fix this—THEY HAVE TO LET IT GO, otherwise it will not heal. The cancer (out-of-control American and European banking and the owners of those tumors) and the doctors (politicians making out large while keeping the comatose heart beating) keeping the patient alive (us all) must be pushed aside as they do not seem to be willing to think properly.

T

Excerpt repost from Zerohedge:


US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus


It appears that central bank intervention was not the only thing in full force today: The US version of the Chinese Ministry of Truth in economic reporting has now officially joined the fray. Anyone wondering just how much of a joke the US high frequency economic data updates have become should look no further than these three charts showing Wall Street

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Originally Posted by TedWeir

Bankers and Politicians running scared of the conditions which they created and the people—the 'brilliant idiots' swollen with greed who designed, benefited by and remain free of all charges of malfeasance—they protect as their true overlords...

excerpt from zerohedge:

As expected, the Fed has just bailed out the world once again:

• FED, ECB, BOJ, BOE, SNB, BANK OF CANADA LOWER SWAP RATES - BBG
• ECB, FED other major central bank to lower the pricing of existing USD liquidity swaps by 50BPS

And as we have been writing every single day, the worldwide dollar crunch is now confirmed:

• At present, there is no need to offer liquidity in non-domestic currencies other than the U.S. dollar

And finally, a promise to bailout Bank of America when it hits $4.00 again:

• U.S. financial institutions currently do not face difficulty obtaining liquidity in short-term funding markets. However, were conditions to deteriorate, the Federal Reserve

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[QUOTE=TedWeir;202591]Gold producers should also be saving a portion of their production... to sell in the next run up!

Excerpt from: King World News Blog

Billionaire Eric Sprott Asking Silver Producers to Save in Silver

...“It’s hard to define it, who knows? I mean if you had a printing scenario you have no idea where the price of gold goes because you have no idea how much they are going to print. If you had a total bust and people feared the banking system and started buying gold, I have no idea what they would take the price of gold to because, of course, by that time all of the currencies would almost be worthless as well.”

Originally Posted by TedWeir

Will the red circle be the same as the blue one? (see chart below)—never exactly but this looks like it will be close enough - all the world's decision makers are frozen with fear Europe has a useless 'Commission' and the US has a polarized and therefore useless government and the FED... well that's a private business and all they are really interested in is their owners—the top .0001%

So UH OH OH NO... (see chart at bottom):|

Aa
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phht





will we hit water, the real paydirt

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Bid ask rising - if there is more news soon it looks like this will continue its move up.

Originally Posted by TedWeir

This has the makings of a huge gold story over the coming year. The time to dd this is now—time to accumulate has already started IMO.

This is a long term play IMO

It was a gold mine. Historical workings took out less than 70k ounces, tailings has 28k ounces in it (see 43 101 news release last week: http://www.canadianminingjournal.com...?id=1000638255)

The shares in this company are extremely undervalued in my opinion — read the news releases — they are starting to put mine operational management in place to restart production as soon as possible. 30% of mine infrastructure is still there, the tunnels and adits are in excellent condition, the company owns the whole under-explored Coquihalla Gold Belt.

The mine's location is 2 hours from Vancouver, Canada. There is a lot more to this story

THIS

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Originally Posted by TedWeir

The fiat is in the process of total transformation... but it needs a place to land and Gold is the only unfettered option! So buy gold or a gold company.

G
Gartman: EU Debt Plan to Hurt Currencies - Buy Gold in USD, GBP and EUR as “Is a Currency”


Gold has edged higher in all major currencies again today as concerns about the European debt crisis and the risk of contagion is leading to demand for gold for wealth preservation purposes.
The likelihood of the Eurozone sorting out their intractable problems has come into question again as bankers in Europe’s largest banks have clashed with politicians about the size of losses they will have to take on their Greek debt.
Another bullish factor is more dovish sounds from the Federal Reserve regarding driving down mortgage rates to support the housing sector and another round of quantitative easing which was suggested by William Dudley, president of the New York Federal Reserve

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Signals are coming from the majors that they are starting to focus on accumulating assets—I'd love to see their shopping list!

=]

T

Originally Posted by TedWeir

Increasing mining costs and financial concerns to drive bullion, he says

Gold could "easily" rise to $2,200 an ounce in the next two years as costs increase and global financial concerns persist, said the chief executive officer of AngloGold Ashanti Ltd., the third-largest producer of the metal.

"It costs almost $1,200 to produce an ounce of gold," Mark Cutifani said at a conference in Perth. "The gold price probably reflects the fundamentals of the industry."

AngloGold is boosting capacity to benefit from record prices for the precious metal, which has risen for 10 straight years. Gold has climbed about 16 percent in a year amid concern economic growth in the U.S. and Europe will slow. ...

Read full article here

Originally Posted by TedWeir

AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters' worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.

The study's assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help to identify ways of making global capitalism more stable.

The idea that a few bankers control a large chunk of the global economy might not seem like news to New York's Occupy Wall Street movement and protesters

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