Gold Price - Where is it heading?

[Joules MM1]

http://uk.reuters.com/article/2012/0...88908Z20120910

Lonmin strikers march as South Africa mine unrest spreads

Ed Cropley

MARIKANA, South Africa | Mon Sep 10, 2012 4:32pm BST

excerpt

Around 10,000 striking South African platinum miners marched from one Lonmin (LMI.L) mine shaft to another on Monday, threatening to kill strike breakers, as another illegal stoppage hit Gold Fields (GFIJ.J), the world's fourth biggest gold miner.

[explod]

http://www.gotgoldreport.com/2012/09...close-to-all-t...

A good technical report on gold at this juncture in my view.

I particularly like his following line :-

"Triangular consolidations are often continuation patterns that resolve in the direction of the prevailing trend sooner or later."

And this is exactly how the gold price trend has behaved over the last 12 years.

But you never ever really know

[Joules MM1]

http://www.gotgoldreport.com/2012/09...close-to-all-t...

A good technical report on gold at this juncture in my view.

I particularly like his following line :-



And this is exactly how the gold price trend has behaved over the last 12 years.

But you never ever really know

explod, poss to re-post that (full) link?.....thanks

[Joules MM1]

explod, poss to re-post that (full) link?.....thanks

http://www.gotgoldreport.com/2012/09...gold.html#more

there it is

[explod]

http://www.gotgoldreport.com/2012/09...gold.html#more

there it is

Apologies and thanks for correcting Joules

[Uncle Festivus]

QE Infinity = QEX

Giddy up - again......

gold.jpg

Things must be worse than I thought...... has the global recession already started?

[Joules MM1]

http://www.usfunds.com/investor-reso...p-buying-gold/

When You Should Stop Buying Gold

September 13, 2012

http://blogs.cfainstitute.org/invest...TOKEN=63184928

interesting reading even if youre not a bullion bob

[Joules MM1]

from the do-a-double-take file comes this:

China Recasts Gold Bars
Saturday - Sep 08, 2012, 04:25pm (GMT+5.5)
Today : Friday - Sep 14, 2012, 08:59am (GMT+5.5)

Read more: http://www.indiavision.com/news/arti...#ixzz26PpRm5po

IndiaVisionExclusive - China is busy recasting all of their gold reserves into smaller one kilo bars in order to issue a new ‘gold backed’ global currency. This is no doubt the reason for the recent trade agreements with Russia, Japan, Chile, Brazil, India, and Iran. Expect to see more nations sign new trade agreements with China in the near future.

GATA now estimates that 80% of the gold (40.000 metric tons) supposedly stored in the vaults/allocated accounts of the bullion brokerages is long gone. Clients retrieving their allocated gold have had much trouble in doing so, and when they do manage to take possession, their gold does not bear the registered serial numbers they are supposed to. One can only wonder how much of the allocated gold is now 1 kilo bars. Additionally we now read that China is interested in purchasing Gold mines.

China is well along an ambitious plan to recast large gold bars into smaller 1-kg bars on a massive scale. A major event is brewing that will disrupt global trade and assuredly the global banking system. The big gold recast project points to the Chinese preparing for a new system of trade settlement. In the process they must be constructing a foundation for a possible new monetary system based in gold that supports the trade payments. Initally used for trade, it will later be used in banking.

The USTBond will be shucked aside. Regard the Chinese project as preliminary to a collapse in the debt-based USDollar system. The Chinese are removing thousands of metric tons of gold bars from London, New York, and Switzerland. They are recasting the bars, no longer to bear weights in ounces, but rather kilograms. The larger Good Delivery bars are being reduced into 1-kg bars and stored in China. It is not clear whether the recast project is being done entirely in China, as some indication has come that Swiss foundries might be involved, since they have so much experience and capacity.

The story of recasting in London is confirmed by my best source. It seems patently clear that the Chinese are preparing for a new system for trade settlement system, to coincide with a new banking reserve system. They might make a sizeable portion of the new 1-kg bars available for retail investors and wealthy individuals in China.

(.....and.....gets better, ed)

They will discard the toxic USTreasury Bond basis for banking. Two messages are unmistakable. A grand flipped bird (aka FU) is being given to the Western and British system of pounds and ounces and other queer ton measures. But perhaps something bigger is involved. Maybe a formal investigation of tungsten laced bars is being conducted in hidden manner. In early 2010, the issue of tungsten salted bars became a big story, obviously kept hush hush. The trails emanated from Fort Knox, as in pilferage of its inventory. The pathways extended through Panama in other routes known to the contraband crowd, that perverse trade of white powder known on the street as Horse & Blow, or Boy & Girl.

(say no to drugs, ed)

[Joules MM1]

http://seekingalpha.com/article/8703...medium=twitter

Correlations Gold - Seeking Alpha

(or lack of......)

[Joules MM1]

Gold Standard? Don't Hold Your Breath09/06/12 - 08:36 AM EDT

excerpt

......at what price in gold would the U.S. peg its currency. Great Britain returned to the gold standard in 1925, after going off it in 1914, at the 1914 peg price. This was a mistake made by Winston Churchill (he called it the biggest he ever made) since it basically ignored the vast inflation in the British pound in those intervening years. The result was a vast overvaluation of the pound and deflation and high unemployment soon followed.

What price would a new Gold Commission set as the "correct" price of the U.S. dollar vs. gold? $1,000? $2,000? $5,000? The answer is that there is no "correct" price. Whatever price is set will eventually be tested by the financial markets and fail much as the pegged currencies system failed.

[Joules MM1]

ruh roh.....another one:

Here Comes $10,000 Gold...



Sam Ro|Sep. 16, 2012, 5:56 PM


Read more: http://www.businessinsider.com/gold-...#ixzz26jdXgxSF

excerpt

Be prepared to hear more calls like this.

"It has never been easy to have a rational conversation about the value of gold," wrote Ken Rogoff in a 2010 piece titled $10,000 Gold?.

[Mr Z]

If you can forecast what a US$ will buy, or indeed if a UD$ as we know it still exists then maybe you can have a stab at golds price at the end of this bull market. Until then numbers are meaningless, they could get responsible next year and kill this thing, they could go Zimbabwe and well then who can guess?

One notion I have in my head is that it is the holder of the new reserve currency that puts an end to this gold bull market. The final price of gold will be quoted in Yuan maybe... or ???? New USD! or????

[young-gun]

If you can forecast what a US$ will buy, or indeed if a UD$ as we know it still exists then maybe you can have a stab at golds price at the end of this bull market. Until then numbers are meaningless, they could get responsible next year and kill this thing, they could go Zimbabwe and well then who can guess?

One notion I have in my head is that it is the holder of the new reserve currency that puts an end to this gold bull market. The final price of gold will be quoted in Yuan maybe... or ???? New USD! or????

If they went the way of zimbabwe we would surely see unthinkable highs for gold(and silver) it would only take a small portion of US citizens to start buying when they never had before to send prices soaring. Not to mention investors jumping into the amrket to capitalise off of the huge opportunity. I imagine news would travel fast. Hyper inflation itself can move at an extra-ordinary pace.

[Mr Z]

As per Martin Armstrong's argument I'm not sure it is possible to hyperinflate the reserve currency without first causing some major dislocation that would end the attempt. He believes we'd end up in a war first, I think he is right. So the questions revolve around the US keeping reserve status and if not how do things change, is it peacefully relinquished or is it part and parcel of conflict? Maybe we quietly slink away from the USD, but I doubt it.

Whatever happens sticking a number on it now presupposes that things stay predictable yet gold is rising because things are less so... as such it seems a little futile to be saying now that any given number is possible or an outrageous target for gold permabulls only.

You didn't want the report?

[Mr Z]

As I am sure many have noticed the BRIC's and Co are slowly creeping away from the USD...

http://www.taiwantoday.tw/ct.asp?xIt...382&ctNode=445

I wonder how long this goes on before it provokes some action from the US, breaking the petrodollar would create some unwelcome issues for them.

[Joules MM1]

http://www.usfunds.com/investor-reso...nting-to-gold/

All Signs Pointing to Gold

September 17, 2012

COMM-Gold_v_USMonetaryBase-091412.gifDollarDeclineSince1971_2012.jpg

good read

IA_COMM_AnnualBudgetDeficit.gif

IA_COMM_GoldSendingSignal_09132012.gif

[Joules MM1]

oh, you everything-conspiracy nuts are gunna love this:

http://www.businessinsider.com/tungs...aign=moneygame

( the eye in the sky chopper is standing by for response posts ...... )

[Joules MM1]

dstm, ok.....

-------------
http://www.businessinsider.com/these...er-made-2012-7

part i

These Charts Destroy Nearly Every Argument 'Goldbug' Investors Have Ever Made
Rob Wile | Jul. 13, 2012, 12:59 PM

Read more: http://www.businessinsider.com/these...#ixzz26yPaLKOF

part ii

These Charts Destroy Nearly Every Argument 'Goldbug' Investors Have Ever Made



Myth 1:

http://www.businessinsider.com/these...lation-hedge-1

[Mr Z]

[Joules MM1]

say, is that one of those heavy, err, tungsten bats.........