Gold and Silver Crashes "FTI" Told us so!

[usaone]

We are starting to see a divergence between the Metals and stocks.

First time in 4 years.

Beginning of a trend?

[maui1]

poor frank- he would have loved to be here to make that statement.

[rovo]

Sept 15, 2011 10:28:26 GMT -5 usaone said:

We are starting to see a divergence between the Metals and stocks.

First time in 4 years.

Beginning of a trend?

Maybe. Maybe not. It is too early to tell.

GLD is still within the Bollinger Bands which implies a "normal" trading range.

SLV is at the lower Bollinger Band and this makes it a little more interesting. If SLV breaks below the lower band it could denote a problem with the price of silver. The most likely scenario is that SLV will bounce off of the lower band. Silver could be at a good point to buy-in at the current value. Other technical indicators I use imply a further decline in silver.

[maui1]

The most likely scenario is that SLV will bounce off of the lower band. Silver could be at a good point to buy-in at the current value.

not sure if frank- would have liked this statment........

[rovo]

Sept 15, 2011 10:59:47 GMT -5 @maui1 said:

The most likely scenario is that SLV will bounce off of the lower band. Silver could be at a good point to buy-in at the current value.

not sure if frank- would have liked this statment........

maui1, Why is it necessary for you to try and rile everyone. Frank has left the board and I see no reason to comment on what he may or may not have liked.

rovo -- Moderator

[maui1]

really? just a statement with no direction, gets you excited? really?

[usaone]

Sept 15, 2011 10:43:45 GMT -5 rovo said:

Sept 15, 2011 10:28:26 GMT -5 usaone said:

We are starting to see a divergence between the Metals and stocks.

First time in 4 years.

Beginning of a trend?

Maybe. Maybe not. It is too early to tell.

GLD is still within the Bollinger Bands which implies a "normal" trading range.

SLV is at the lower Bollinger Band and this makes it a little more interesting. If SLV breaks below the lower band it could denote a problem with the price of silver. The most likely scenario is that SLV will bounce off of the lower band. Silver could be at a good point to buy-in at the current value. Other technical indicators I use imply a further decline in silver.

I agree Rovo. But you have to crawl before you can walk.

This week is our first baby steps.

[rovo]

Sept 15, 2011 11:07:45 GMT -5 @maui1 said:

really? just a statement with no direction, gets you excited? really?

Nope. It doesn't get me excited in any way. I'm just trying to keep the board calm. You, on the other hand, only seem interested in starting arguments.

So I checked most of your posts for today and they all attempt to incite an argument. As such, I see nothing about the markets you are adding to this board.

rovo -- Moderator

[maui1]

rovo- you are like our gov't. consumed with the idea that if you don't get involved, everything will fall apart.

try doing what mods propose to do, and that is review for violations, and don't let your 'opinions' influence your behavior.

as for today, if you feel i don't add value to this board......ban me, but not for a day or two, do it forever, and lets be done with it, if that is what you want.

[maui1]

ok this is my opinion, of what is happening with stocks and the metals.........again, just my opinion, and not just 'doom and gloom'.

the markets are up today and the last few days, because the euro zone is getting more printed credit, that does nothing to fix the problem, but only moves it further into the future. greece is still going to fail, but it will not fail this week, so markets are up.

the metals are down, because some short minded traders, have taken the metals risk trade off, so the metals are going down with that movement of fiat cash from metals back into stocks.

but.............the overall picture hasn't changed.........debt still prevails, countries are drowning in debt, and world markets can't be sure of their economies, when all that can be seen on the horizon is a further move down.

[usaone]

Sept 15, 2011 14:44:55 GMT -5 @maui1 said:

ok this is my opinion, of what is happening with stocks and the metals.........again, just my opinion, and not just 'doom and gloom'.

the markets are up today and the last few days, because the euro zone is getting more printed credit, that does nothing to fix the problem, but only moves it further into the future. greece is still going to fail, but it will not fail this week, so markets are up.

the metals are down, because some short minded traders, have taken the metals risk trade off, so the metals are going down with that movement of fiat cash from metals back into stocks.

but.............the overall picture hasn't changed.........debt still prevails, countries are drowning in debt, and world markets can't be sure of their economies, when all that can be seen on the horizon is a further move down.

We created more debt in the last few days to push the Europe problem down the road.

So Gold is mostly a fear trade right now and not a debt trade.

[usaone]

Gold as low as $1765 this morning.

Quadruple Witching Today.

[maui1]

We created more debt in the last few days to push the Europe problem down the road.
So Gold is mostly a fear trade right now and not a debt trade.

yesterday was a reaction market move, and not a sound market move. overall things haven't changed, as debt prevails and that makes gold the place to be.

stocks and gold can go up together and have for sometime this year as both can be viewed as moves to safety, but the concern with stocks are, ...........they are measured in fiat currencies and thus, not sound money plays.

no one is really sure how greece plays out in the market, if it fails, but most are pretty sure how gold prices will play out if this happens.

[maui1]

Gold as low as $1765 this morning.

these prices are firming today, and when everyone sees that nothing has changed, they will start going back up.

i am really surprised that so many don't see this as being obvious.

gov'ts can play with metal prices to support their fiat currencies, but even that, is short term at best.

until there is an OVERALL change to the world debt growth, which will never happen as long as political people control our money supply, gold will be the fiat anti-manipulation play.

[maui1]

Gold 1,805.00 up 24.00 1,787.00 1,806.00 1,785.00
Silver 40.47 up 0.80 40.18 40.53 40.03

not talking very long.......is it?

[usaone]

S&P Year End Projections;

Credit Suisse 1100

Wells Fargo 1250

Barklays Capitol 1325 ;D

UBS 1350 ;D

Goldman Sachs 1400

[verrip1]

Irrational exuberance?

[maui1]

Gold 1,814.00 up 33.00 1,787.00 1,819.00 1,785.00
Silver 40.75 up 1.08 40.18 40.90 40.03

is it?

i would say the exuberance was displayed these last few days, when day traders were over reacting to more debt being created to delay the euro zone fallout.

[usaone]

Gold continues to make lower lows and lower highs. The World Central Banks flooded Europe with money this week and Gold has gone from $1920 to as low as $ 1765 this morning.

[maui1]

this took the immediate greece fallout concern off of 'todays' table' so gold fell..........nothing more and nothing less.

now that this is done.......everything is back to normal with gold going back up.

[maui1]

Gold continues to make lower lows and lower highs.

usa- why don't you use this same argument for stock prices? don't you think it applies, or don't you want to look at stock prices that way?

[usaone]

Stocks have have had a good run over the past week or so. And the dividends are still rolling in and increasing.

[usaone]

Gold looks shakey again today. Even with Europe!

[usaone]

$1788 and falling.

[maui1]

and the markets? did you forget to look at the markets?

usa- you seem obsessed with one goal, and that is to be right about 'gold plunging'

[Deleted]

Yeah... no divergence today.

[usaone]

$1780

[blackliver]

I wonder if Les Nessman still has his coveted silver sow award he won back in the 70's. Might be a good time to cash it in.

[domeasingold]

As Steve Miller says, "Take the money and run".

[Aman A.K.A. Ahamburger]

What do you say usa1?? You want me to start a gold plunges thread with the bat on it???