Gold target $2061.61

[Jonflyfish]

Perhaps the Buy On Dip will target $2061.61
Cheer$

[Oakair]

Whats that formula?

[68Camaro]

It's just the formula for a line.

Jim Sinclair has been calling for a similar number for Gold this spring for many months.

[Jonflyfish]

Yeh just a line from where we are to where we're going. Formula is with the help of Leonardo Fibonacci.
Jim Sinclair has been calling for gold to go to $2000 on the heels of Jim Rogers even just before it tanked.
Cheers

[68Camaro]

Gold in the $1600s is "tanked"? Dude, in my book it's still at a near-record high, just consolidating. A few ups and downs on the way don't bother me much. I don't hero worship, but Sinclair made a ballsy call many years ago that gold would break 1600 in 2011, and he was right. And that was just an intermediate stop on the way up the sequence. The trick to using the sequence for predictive trading is calling which blip is meaningful. It all makes sense after the fact, but in the moment, there is some guesswork (or art), and all the best of them will agree with that. If you're buying and holding, however, it does tell you the trend is up, which is what I care about most. (At least until you get near the end.)

[Jonflyfish]

Gold in the $1600s is "tanked"? Dude, in my book it's still at a near-record high, just consolidating. A few ups and downs on the way don't bother me much. I don't hero worship, but Sinclair made a ballsy call many years ago that gold would break 1600 in 2011, and he was right. And that was just an intermediate stop on the way up the sequence. The trick to using the sequence for predictive trading is calling which blip is meaningful. It all makes sense after the fact, but in the moment, there is some guesswork (or art), and all the best of them will agree with that. If you're buying and holding, however, it does tell you the trend is up, which is what I care about most. (At least until you get near the end.)

I'm not arguing. Nothing wrong wth Sinclair, just the same for Jimmy Rogers, aka the "Investment Biker". "Tanked" is a relative word yes. Some people care if gold drops (or rallies) in the near term. If all you need to know is that Jim Sinclair said to buy gold so many years ago then there is no need to check in with any forums or dealer quotes. It's all slurping pina coladas and mai tais on a tropical beach. I'm sure whatever assesment you make is the correct one. You seem to have it all figured out. Good for you mate.
Cheers

[68Camaro]

I'm all supportative of the analysis. I don't think anyone understands the physics or rather, psychology, behind it, which scares me a bit. But it is what it is, and it's been doing it's thing now for years, following that pattern. It WILL hit a mid-2000s point, and it will do it soon - unless interrupted by something cataclysmic. Whether this spring, or later this year. Then there will be the next retracement down, and then the next even higher up pattern. Etc.

The reason I like it that you can make money off of this is that (and I'm taking you at your word) you are also investing substantially in physical. So, - go get 'em JFF. Make a ton, and use it to buy physical in support of your family. You've got a bit more guts - and skill - than I've got. It doesn't take skill to buy and hold - just the conviction to do it in the first place. I want you to be successful at this.

[Cu Penny Hoarder]

Gold in the $1600s is "tanked"? Dude, in my book it's still at a near-record high, just consolidating. A few ups and downs on the way don't bother me much. I don't hero worship, but Sinclair made a ballsy call many years ago that gold would break 1600 in 2011, and he was right. And that was just an intermediate stop on the way up the sequence. The trick to using the sequence for predictive trading is calling which blip is meaningful. It all makes sense after the fact, but in the moment, there is some guesswork (or art), and all the best of them will agree with that. If you're buying and holding, however, it does tell you the trend is up, which is what I care about most. (At least until you get near the end.)

I'm not arguing. Nothing wrong wth Sinclair, just the same for Jimmy Rogers, aka the "Investment Biker". "Tanked" is a relative word yes. Some people care if gold drops (or rallies) in the near term. If all you need to know is that Jim Sinclair said to buy gold so many years ago then there is no need to check in with any forums or dealer quotes. It's all slurping pina coladas and mai tais on a tropical beach. I'm sure whatever assesment you make is the correct one. You seem to have it all figured out. Good for you mate.Cheers

Is this sarcasm? Seems very condescending to me.

What happens in the short term is meaningless. Accumulating on the dips is really all that matters.

[Jonflyfish]

I'm all supportative of the analysis. I don't think anyone understands the physics or rather, psychology, behind it, which scares me a bit. But it is what it is, and it's been doing it's thing now for years, following that pattern. It WILL hit a mid-2000s point, and it will do it soon - unless interrupted by something cataclysmic. Whether this spring, or later this year. Then there will be the next retracement down, and then the next even higher up pattern. Etc.

The reason I like it that you can make money off of this is that (and I'm taking you at your word) you are also investing substantially in physical. So, - go get 'em JFF. Make a ton, and use it to buy physical in support of your family. You've got a bit more guts - and skill - than I've got. It doesn't take skill to buy and hold - just the conviction to do it in the first place. I want you to be successful at this.

I only hope for the best of the members here as well. I have no agenda other than to share and share alike. Useful or worthless, I'm willing to stick the neck out and offer some ideas and comments.
May all of your dreams come true.
Cheers

[Jonflyfish]

Gold in the $1600s is "tanked"? Dude, in my book it's still at a near-record high, just consolidating. A few ups and downs on the way don't bother me much. I don't hero worship, but Sinclair made a ballsy call many years ago that gold would break 1600 in 2011, and he was right. And that was just an intermediate stop on the way up the sequence. The trick to using the sequence for predictive trading is calling which blip is meaningful. It all makes sense after the fact, but in the moment, there is some guesswork (or art), and all the best of them will agree with that. If you're buying and holding, however, it does tell you the trend is up, which is what I care about most. (At least until you get near the end.)

I'm not arguing. Nothing wrong wth Sinclair, just the same for Jimmy Rogers, aka the "Investment Biker". "Tanked" is a relative word yes. Some people care if gold drops (or rallies) in the near term. If all you need to know is that Jim Sinclair said to buy gold so many years ago then there is no need to check in with any forums or dealer quotes. It's all slurping pina coladas and mai tais on a tropical beach. I'm sure whatever assesment you make is the correct one. You seem to have it all figured out. Good for you mate.Cheers

Is this sarcasm? Seems very condescending to me.

What happens in the short term is meaningless. Accumulating on the dips is really all that matters.

Are you judging others? Seems very acute and quick on the trigger to me.
At least you know what's meaningless and meaningful to you.
Best of luck
Cheers

[highroller4321]

And whats your thoughts on silver?

[Country]

Jonfly - Thanks for the insight...

Let's all enjoy the ride up to higher levels....

Everybody ready....

[Oakair]

And whats your thoughts on silver?

~26.50 at some point within the next 4 months for a very short amount of time...hopefully

[madman326]

This just looks like a jackson pollock painting to me. im broke after buying silver, so it doesnt matter if gold dips or rises.

[Corsair]

If my economics professor could lecture for 75 minutes twice a week on gold and not, well, economics, I think I'd be able to pay better attention.

Always great to see you around, Jon.

[tractorman]

Nice to see ya back around JFF! Always entertaining.

I'm from the 68Camaro school of thought on this one.

[fb101]

Yes thanks for the insight JFF......
Same for 68..........

So we're hoping for the reverse H&S............

[Ireland_925]

Thanks JFF for posting again. You made some great calls in the past. I'm not scared about what physicists and psychologists think about the commodities markets. I'd rather hear it from a market analyzer. What are your thoughts on silver, if gold does make a run at (and above) 2k? Does the GSR narrow or widen in this situation? Thanks again.

[theo]

Gold in the $1600s is "tanked"? Dude, in my book it's still at a near-record high, just consolidating. A few ups and downs on the way don't bother me much. I don't hero worship, but Sinclair made a ballsy call many years ago that gold would break 1600 in 2011, and he was right. And that was just an intermediate stop on the way up the sequence. The trick to using the sequence for predictive trading is calling which blip is meaningful. It all makes sense after the fact, but in the moment, there is some guesswork (or art), and all the best of them will agree with that. If you're buying and holding, however, it does tell you the trend is up, which is what I care about most. (At least until you get near the end.)

I'm not arguing. Nothing wrong wth Sinclair, just the same for Jimmy Rogers, aka the "Investment Biker". "Tanked" is a relative word yes. Some people care if gold drops (or rallies) in the near term. If all you need to know is that Jim Sinclair said to buy gold so many years ago then there is no need to check in with any forums or dealer quotes. It's all slurping pina coladas and mai tais on a tropical beach. I'm sure whatever assesment you make is the correct one. You seem to have it all figured out. Good for you mate.Cheers

Good to have you back JFF. Having said that, I think you're last line was a bit unfair and might have come off as a little caustic. I don't believe that anybody here (least of all Camaro) thinks they have it all figured out.

As for my two cents, I tend believe that each individual's interpretation of the situation is influenced by their particular experiences and abilities. For example, my background is in education and behaviorial assessment. When I look at a economic data (commodity prices among them) I see behavior and very often emotions (fear, greed etc). Even the attempts at manipulation in gold/silver (where they exist) are behaviorial reactions by powerful interests to their environment. All of this (of course) is driven by self-interest. Others seem to rely on quantitative trends and patterns they see in charts; something of which I have a basic understanding at best (I always thought "Head and Shoulders" was a shampoo! ) What is interesting is that we can very often arrive at the same conclusion.

[Oakair]

Yes thanks for the insight JFF......
Same for 68..........

So we're hoping for the reverse H&S............

Same pattern in Platinum atm...from mid Sept to now? (Im new to this whole ta thing )

And possibly silver during the same span...although the sticks kinda throw me off...

[Ireland_925]

I'm from the 68Camaro school of thought on this one

What exactly is that school of thought? And why does it interfere with the original post? The original post was bullish on PMs. I don't know why there would be negativity towards that. Maybe I missed something though.

[everything]

I was hanging out at another site in the gold forum, and they were discussing abandoning gold for silver,kitco, thread titled Why I'm moving out of gold and keeping silver, others are not happy, suspecting gold has peaked.

[68Camaro]

I was hanging out at another site in the gold forum, and they were discussing abandoning gold for silver,kitco, thread titled Why I'm moving out of gold and keeping silver, others are not happy, suspecting gold has peaked.

Where is the logic in saying that gold has peaked? Doesn't even make sense. I guess stuff just needs to be said over and over, because there is no sticky for these things, but gold is not even really an investment unless one considers it undervalued in real terms. And I tend to think it is fairly valued. So I have no high expectation of "making a profit" at it. But what I do intend to do with gold is protect my capital. What will happen is that the price of gold as measured in USD will increase substantially. Why? Because the value of the USD is dropping, and will continue to drop, as USDs are "printed" by the trillions and as it continues to loose influence as the global reserve currency. The gold will be worth "more", but will not tend to be able to purchase more - rather it will tend to hold its own. If there is any small appreciation in value due to an imbalance that I am able to take advantage of, I'll take it, but am not counting on it.

To a related topic. Some say that war is an inevitable result of this direction. There are historical patterns that match this. I don't know what is cause or effect. Conspiracy theorists will say that war is created by TPTB as a means to divert attention from economic crisis to another. Others say that war is a result of the economic crisis. Regardless, I think we're in a period of elevated concern about a serious new war, perhaps a regional war, or even a third global war. Do your own due diligence. Protect yourselves accordingly.

[slickeast]

Simple explanation

Todays GOLD at $1680 / oz will buy x amount of goods.

GOLD in 5 years at ???? / oz will buy those same goods.

$1680 in 5 years might only buy a portion of those same goods.

So yes GOLD went up, but so did everything else. Instead of having $1680 in a coffee can that lost purchasing power, you have an ounce of gold that has the same purchasing power even though it has increased FRN value.

[Lemon Thrower]

i question anyone who values rogers' opinion over sinclair on gold.

rogers is a guy who got famous on soros' coattails. soros is politically connected now - do you think he just got lucky with his moves in the early 90s or was he politically connected then, too?

rogers for all his wealth seems to work pretty hard picking up pennies by writing books and appearing on any TV show that will have him. funny how soros doesn't do that. lately, all rogers does is come on tv after a big move and say something like, yeah, i invested in that but i wouldn't commit new money to it. sinclair, in contrast, predicted gold would go to 1600 in 10 years, did so when gold was only 300, and was only off by 6 months.

anyway, its all moot because there are no markets anymore, only interventions. the ptb know technical analysis as well as anyone and can paint any pretty picture they want in the charts.