Gold Price - Where is it heading?

[Bintang]

Joe, thanks for that info. I did some googling but couldn't find anything. I'm wondering what the gold 'conspiratorialists' will make of this. Is it a good or bad omen?

 

[explod]

Harv I have followed for a number of years and in great detail he has reported the exact trading figures of gold and silver in full every day.

It became clear from my observation that paper trading of bullion was used to control the price. ie. Up to a hundred paper contracts exist to one ounce of physical gold. But that is my take.

Also clear of late, the main street media have been downramping gold across the globe. Locally just a week ago The Age newspaper ran an article by David Potts on just that theme.

However back on topic, gold rose strongly this morning to mark the first rise for gold at the start of a week for 12 months.


It is clear to me that the banking and financial industry do not like products on which they cannot control or profit from, and physical gold in your hand is one of them.

In the current market turmoil I feel a run to physical gold is on now and is why we have been exposed to recent negativity.

 

[Trembling Hand]

Up to a hundred paper contracts exist to one ounce of physical gold. But that is my take.

:bs:

 

[explod]

:bs:

And because H/O kept the figures up under the noses is why he probably is gone.

Was a bit hard on Pott's, though, his particular article was in fact pro seeking some gold

 

[Trembling Hand]

And because H/O kept the figures up under the noses is why he probably is gone.

Doesn't it ever worry you that the figures and facts you base your investments on is total and utter BS, is easily checked with 5 minutes of data searching and has been shown to you that your beliefs are completely wrong? How can you not want to investigate that?

 

[explod]

Doesn't it ever worry you that the figures and facts you base your investments on is total and utter BS, is easily checked with 5 minutes of data searching and has been shown to you that your beliefs are completely wrong? How can you not want to investigate that?

Give me a lead.

I have not traded for some years, just stack silver coins, hence an interest in bullion movements and supply.

 

[Bintang]

Harvey organ made some very bold predictions in an interview with USAWatchdog in September.
See here:
https://www.youtube.com/watch?v=aZwSiHBxm0c
The interview is about 30 minutes long and you have to wait close to the end to hear the punchlines.

According to Harvey there will be a COMEX default before the end of the year and by 1 Jan 2015 the price of gold will be USD10,000 per oz and silver will be USD200 per oz.

Yes, I know these kind of numbers have been floating around for a long time and covered in scorn. However, the point about this interview with Harvey is that he is adamant that 'the game ends' this year.

 

[Trembling Hand]

Harvey organ made some very bold predictions in an interview with USAWatchdog in September.
See here:
https://www.youtube.com/watch?v=aZwSiHBxm0c
The interview is about 30 minutes long and you have to wait close to the end to hear the punchlines.

According to Harvey there will be a COMEX default before the end of the year and by 1 Jan 2015 the price of gold will be USD10,000 per oz and silver will be USD200 per oz.

Yes, I know these kind of numbers have been floating around for a long time and covered in scorn. However, the point about this interview with Harvey is that he is adamant that 'the game ends' this year.

Hey Bintang ever checked any of the data he quotes against other sources?

 

[Bintang]

Hey Bintang ever checked any of the data he quotes against other sources?

TH you are a broken record with that statement.

My last few posts about HO are provided for general interest.

You are free to form your own opinions about what H/O says, same as everyone else.

(And by the way all H/O's data has been removed from the web so it's a bit hard for anyone to check it against other sources).

 

[Trembling Hand]

TH you are a broken record with that statement.

My last few posts about HO are provided for general interest.

You are free to form your own opinions about what H/O says, same as everyone else.

God forbid anyone calls out these crazies with data. Stay in lalaland my friend. But I'll keep on calling out utter Bullsh!t whenever it is stated just in case someone wants to base a discussion on facts rather :screwy: conspiracy theorist.

 

[Trembling Hand]

(And by the way all H/O's data has been removed from the web so it's a bit hard for anyone to check it against other sources).

I'm talking about the crap in the vid you posted. It only takes a google search to see how full of it he is. Pick a figure he talks about and check it. They are all wrong. Shouldn't that pretty much discredit him?

 

[Bintang]

God forbid anyone calls out these crazies with data. Stay in lalaland my friend. But I'll keep on calling out utter Bullsh!t whenever it is stated just in case someone wants to base a discussion on facts rather :screwy: conspiracy theorist.

Stay calm and be happy TH.
All the crazy data has been deleted and expunged.

 

[Bintang]

I'm talking about the crap in the vid you posted. It only takes a google search to see how full of it he is. Pick a figure he talks about and check it. They are all wrong. Shouldn't that pretty much discredit him?

I am not responsible for the content of the video and I did not advocate HO's position in any way.
Like I said everyone is free to have their own opinion about it.

 

[Trembling Hand]

I am not responsible for the content of the video and I did not advocate HO's position in any way.
Like I said everyone is free to have their own opinion about it.

That is why I asked,

Hey Bintang ever checked any of the data he quotes against other sources?

Since you posted something that is factually wrong I wanted to know your opinion of it. So what is your viewpoint?

 

[Bintang]

That is why I asked,

Since you posted something that is factually wrong I wanted to know your opinion of it. So what is your viewpoint?

Apart from the whole thing what specific facts (as distinct from opinions) are factually wrong?

As to my opinion, I think that HO's prediction of a COMEX default, a gold price of $10,000/oz and a silver price of $200/oz this year has set himself up to be hugely discredited if the prediction proves wrong.

So we do not need to argue about whose facts are right or wrong. Lets' just wait and see - there is less than 3 months to go.

 

[Trembling Hand]

Apart from the whole thing what specific facts (as distinct from opinions) are factually wrong?

Well in the first 3 min of that vid

The 1;100 paper to real stuff is BS as per here,



that is only 1000 tonne. And that is if you take the incorrect view that they are all directional bets (they are not)

How much China imports, BS and its been falling all year since the government has cracked down on corruption. Which is a fair bet that it was coming straight back out of china in the back of a truck to be cashed in for $.

 

[Smurf1976]

As to my opinion, I think that HO's prediction of a COMEX default, a gold price of $10,000/oz and a silver price of $200/oz this year has set himself up to be hugely discredited if the prediction proves wrong.

Predictions and forecasts. If there's one thing I've learned about them it's this. Getting the "what" right is the easy bit and many do manage to do it. It's the "when" aspect that usually goes wrong, since there's always something unforeseen that wrecks the timing.

It's not rocket science to extrapolate a trend, if you've got accurate data, and conclude the "what" aspect if nothing changes. But I was reading this stuff 12 year ago, and back then few foresaw that within a few years practically nobody would still be using a film camera and Kodak would end up bankrupt. Film was, of course, one of the main uses of silver and thus far there has been no default there.

Time will tell, we've only got to wait 11 weeks, but a default this year seems unlikely to me.

 

[zac]

I think that HO's prediction of a COMEX default, a gold price of $10,000/oz and a silver price of $200/oz this year has set himself up to be hugely discredited if the prediction proves wrong.

I love how people can make calls like this without backing it up.
ie what do they believe is going to happen in the market to make the price drive up that high.

The thing about sensational calls like that, is that it gives people notoriety. Im sure lots of UFOlogists make some sensational claims because people are now listening to them.

If you consider what it would take to get precious metals to those levels in such a short time horizon, I guess id better build my bunker real fast.

 

[qldfrog]

I love how people can make calls like this without backing it up.
ie what do they believe is going to happen in the market to make the price drive up that high.

The thing about sensational calls like that, is that it gives people notoriety. Im sure lots of UFOlogists make some sensational claims because people are now listening to them.

If you consider what it would take to get precious metals to those levels in such a short time horizon, I guess id better build my bunker real fast.

maybe not that price but today may see the start of the rise as panic seems to be in: wait and see, aussies being ever optimists, I might have a chance to off load some of my last few shares

 

[Bintang]

Predictions and forecasts. If there's one thing I've learned about them it's this. Getting the "what" right is the easy bit and many do manage to do it. It's the "when" aspect that usually goes wrong, since there's always something unforeseen that wrecks the timing.

Time will tell, we've only got to wait 11 weeks, but a default this year seems unlikely to me.

Smurf, this is precisely the reason why I posted the HO interview. The numbers he talks about, the suggestion of a COMEX default etc have all been bandied around for a long time. The extraordinary thing about the interview is that HO goes out on a limb and in response to the "when" question says categorically it will be "this year".

What I like about predictions and forecasts is the fun of watching what really happens. There could be a very big egg heading in the direction of HO's face.