This page constitutes commentary on a thought-provoking and insightful ideas of others.
Commentary Markup uses only i) emphasis (red, bold, underline, or font size) and ii) bracketed pink commentary.
May 2, 2011
1. "Gold's volatility will be a bigger theme than even the rise in gold's price, and that will accelerate throughout 2011." -st, repeatedly, late 2010 & early 2011.
2. Last night the gold bullion punisher surged to $1577 against the dollar, knifed to $1540, then surged to $1560.
3. Silver? Silver fell $7 an ounce, then rallied $3 an ounce.
4. Top callers, bottom callers, side callers... Calling all callers: You don't know what you are doing. Stop calling tops and bottoms, before volatility removes the remains of your sanity, if it ever was really there in the first place.
5. As the top/bottom callers work HARDER to call tops and bottoms when they should QUIT, the staggering increases in volatility will make them look literally insane, as we go forwards.
6. The PGEN thrives on volatility, which is created in part by that growing insanity of the top/bottom callers. Most markets other than futures were closed for trading last night. For the few non-futures mkts that were open, the banksters refused to match buyers with sellers, so everyone but futures traders got to view the volatility grows show, from the AUDIENCE section only. My message to YOU:
7. Don't worry. Soon the DAYTIME, and I mean EVERY DAY, will be as volatile as last night. Top and bottom callers will look like a revolving door of bozo the clown applicants at Ringling Brothers.
8. There are those ready to respond to silver's 14% sale price, and those plop [as opposed to numerous sells on strength and buys on weakness] buying, bottom calling, plop selling and top calling.... just as has been the case as every other high volume HSR point in this market since it existed.
9. I said to my partner last night, "maybe by the morning we'll be back at new highs. Who knows, who cares".
10. Click here now to view the first of two silver charts: Silver Realty Chart #1. This is a one month chart. The bars are one hour time periods. This is not a double top, because the two highs are too close together in time, but it certainly APPEARS to be a double top. The break of the HSR line zone around $45 last night served to terrorize leveraged price chasers. Price halted at another HSR zone at about 42.20. Note the position of the MACD, now the lowest in a month. Price could blast back thru the $45 top callers' line in the sand, stunning all players. Price could even blast to new highs. All is possible, all is real, all is in play now.
11. Click here now to view the Silver Reality Chart #2. This is a one year chart, and now the MACD indicator looks extremely HIGH. That is true, but the OTC derivatives crisis AND the new geopolitical action (read on to watch the heat on that stove cranked to high) mean that the MACD, which has NO TOP LIMIT, could go well beyond the current "3" number. It could go to 5, 6 or even higher in an out of control geo-political or OTC derivatives situation.
12. Now, before some top caller makes you sell all your gold and silver because their 12,26,9 MACD series might show a sell crossover signal at the 3 level on the chart, note that my statements of 2010 that Bin Laden was not dead, but alive and waiting, and maybe a pawn in a twisted and larger bankster warmongering game, suddenly is on the geopolitical stage, NOW.
13. A week ago, some media was abuzz with rumours that Bin Laden was near capture/death. Yesterday, it appears he was finally killed by US/Pakistani forces. "The Americans will find him, and kill him" -st, speaking to a pro-Bin Laden student, 2004. The rage in that student's eyes as I spoke then, is the rage in millions of pro-Bin Laden people...TODAY.
14. What does the possible death of Bin Laden mean for gold? Well, as the media rumours grew that US/Pakistani forces were about to take him out, some Al Queda terrorists began making statements that if he was taken out, they had a nuclear bomb in Europe that would be detonated, and perhaps various other "mass murder goodies".
15. Who knows whether they have any such goodies or can execute on their murderous ideas, but there is no question that if Al Queda even THINKS Bin Laden is dead, they would love to engage in some sort of mass-murder retaliation. If you look at the recent events in the Mid-East, all of what is going on seems highly "coincidental". First, there is a mass "we want Western democracy now!" series of mini revolutions. Next, Bin Laden is suddenly found and killed. He certainly was hiding in a place that made it easy to finish him off at any chosen point in time. Another coincidence?
16. Now, Saudi Arabia could easily go out of control. What would THAT mean for the oil price, and hence the gold price? Nobody really knows who "team democracy" really is. Are they students hungry for freedom, or terrorists hungry for war? Perhaps the truth is in the middle, as it usually is.
17. Then the gold/silver mkt just happens to get a big sell-off. Maybe that is technical selling, maybe it is "sell the Bin Laden news, after buying the rumour" action. All I know is that a lot of weak hands are hitting the road. That's an extreme positive for the market.
18. My suggestion: The risk of reprisal from Al Queda is REAL, whether Bin Laden was killed a long time ago, killed yesterday, or is still alive. The fact is that the story of his death yesterday is now "in play". IF there is a major terror attack, gold could go totally BALLISTIC. Could there be a rush into dollars, and a general mkt panic if there is a major terror attack? Yes, and that is why you own substantial amts of cash as well as gold. In a market whose hallmark is volatility, you need high levels of declining-value cash, ironically, just to manage yourself emotionally. Remember: Gold can rise in value much more than your cash can fall.
19. Just a day before the apparent death of Bin Laden, a smart bomb took out the son of the leader of Libya, and killed 3 children in the house.
20. ANYTHING is possible here, and the geo-political situation is turning RED HOT. Only a MORON sells all their GOLD and buys marked to model toilet paper with the proceeds, in this situation. "The nukes might start, so my plan is to sell all my gold, for MACD & toilet paper safety!" -Elmer Top Caller Fudd and Elmer Fudd Public investor, May 2, 2011.
21. Click here now to view the gold HSR chart #1. Note the touch of HSR(horizontal support/resistance) at 1570. If you had no buy orders there overnight, you missed the "night time gold sale for you!" held by the banksters, and PAID FOR by the leveraged funds and futures mkt speculators busting out of their long positions and adding shorts last night.
22. The next sale price down is $1520. Who knows if you'll see that, or even if the fundsters and "speckies" will offer you gold again at $1540. All you can do is put your buy orders in there and WAIT. Picture a lake full of fundster fish.
23. Now picture a bankster putting a high voltage electrical wire in there. All the dead fish (and their GOLD) floats to the top, and you scoop them up with your net. That's HSR. Note that the lowest green HSR line is at 1480, on this one month chart.
24. Click here now and view gold HSR chart #2. Here you are looking at a one year chart. Take a good look at the 1450 area. Who knows if you are lucky enough to collect a good amt of gold there, from the electrified fundsters and "speckies". We can't know the next move for gold, but we can be 100% ready to respond to what does happen.
Gridtime. I told you this week would be even MORE exciting than even last week but who would have guessed that Bin Laden's death would kick-start it all. The excitement/volatility in the gold market will only grow. Those of you who bought put options on silver rather than top calling yourself into toilet paper, are in laugh mode this morning. The put options might not have gained much, but IF we do go lower, you remain in laugh mode. If we blast higher, on any one of a plethora of fundamental factors, you are IN for what could be an ACCELERATION of the upside, while your top calling competitors are left in your dust, as financial roadkill. Stay focused on operating your pgens around the HSR zones!
Thankyou
Cheers
S "who says Mondays are boring?!" t...out!