Love turns to hate as Gold and Silver implode

25 thoughts on “Love turns to hate as Gold and Silver implode”

1. Let's see, who might be selling huge positions of gold and silver? Could it possibly be more naked shorting from the big banks that have been doing this for the last 20-30 years? Maybe it is the managers of GLD and SLV, who can short their own shares and thereby set market prices? Oh, are these all the same players? I am shocked, shocked!

   Those of us (who learned the hard way!) that have chosen to avoid paper positions for precious metals, and have instead bought and held the real thing, we don't worry quite so much about these flagrant (and yes, illegal! if anyone chose to enforce the laws) attempts to manipulate and control the markets. We who hold coins and bullion have sat through the constant ambushes launched by the banksters, in their efforts to continually suppress gold and silver prices and thus prop up the value of the exponentially expanding US fiat currency) . . . well, we have tripled our initial investments. This latest "implosion" will go on until the real capitalists in China (you know, the county that we gave our industrial base to) take some more billions and take/demand delivery (if they can get it) of the real thing.

   I think this BS will continue for some time. But look around, the nations of the world are sick and tired of the US financing its debt through the electronic creation of trillions and trillions of new US dollars, which act to monetize the US debt. The result it that more and more deals are being made to settle international trade in non-dollar denominations, in the currencies of the nations making the trades. Guess what, this is what Iran has been doing with its oil, with Japan, India, China and Russia! Now you see the real "nuclear" threat, the destruction of the petro-dollar. When nations no longer have to keep huge dollar reserves to purchase oil, how much do you think the dollar will be worth? And gold and silver?

   1. I will repeat my reply to another's email:

      are you referring to this excerpt from Jim Sinclair’s missive of 2/22 by any chance?
      ‘ the central banks and especially the US Fed via the BIS and Exchange Stabilization Fund seek not to depress gold, but only to prevent it from running so hard on the upside as to expose the true condition of Western world finance.’

2. Hi Adam, your mid day updates are great - however don't understand why you change the equity stocks often, wouldn't it be easier to follow just a few chosen scripts so your viewers can decide on the efficiency of the trading triangles over time. A few days ago you talked about APL today about PULTE. There are so many scripts, you should choose a few and continue talking about them so that people who follow your program can decide for themselves if the triangle work.

3. How come they did include platnium and palladium too in the title? They imploded as well...

4. This could be the major S&P 500 top EW has been anticipating. If so, we may not see S&P at 1378 again for another 6 to 10 years. Go short and stay short. Same for the Dow and Gold and Silver.

5. what are cabal forces?

   1. The gold cartel. Investors know them one by one by name. Gold is a political monetary metal.

      1. are you referring to this excerpt from Jim Sinclair's missive of 2/22 by any chance?
         ' the central banks and especially the US Fed via the BIS and Exchange Stabilization Fund seek not to depress gold, but only to prevent it from running so hard on the upside as to expose the true condition of Western world finance.'

6. I would like to remind ALL that gold and silver did not simply implode but were pushed off the cliff by the usual and well known cabal forces. They were approaching blowout levels and caused panic at the top. Marketclub was not fully convinced of their bull this time.
   The triangles did work, are a useful indicator but not blindfolded, someone needs to understand them over time by simply monitoring them frequently, prudently and intelligently.
   Thank you.

7. Regarding UNG I sympathize with the comments below. I bought it at $5.16 and saw it rally to the 18 day moving average whereupon it did its usual after the reverse 4:1 split, so even though at support, I got out at break even as I do not trust it. Wait until it enters a 'fracking' uptrend. signed: frustrated bottom feeder.

8. Today's action was a little more like it buying SPY puts at the top, but I missed the bottom though it coincided with my #2 low pivot level as I was looking for it to go to the 3 day average of lows and/or SP500 of 1360. So it is an outside day down, but is it a trend reversal? I would not be surprised to see it reverse and go higher to SP500 1380-85 if it hits SP500 1355-60 first, consolidate and reverse. If it goes up tomorrow on the opening to the pivot level or #1 high pivot level first, I am thinking it has some unfinished business on the downside. Interesting market action across the board, copper is looking the best of all the metals, but I don't see significant technical damage to gold or silver at this time, but I do hope they go down substantially shaking longs out so I can get in at a good multi-month low price.

9. what is the long term status for the world cup portfolio?

   1. Erwin,

      We hope to have the WCP updated on Monday. We are currently working on some updates for it.

      Thank you for your patience.

      Cheers,
      Jeremy

10. Last few days the volume has been sooo lowwww. Can't hear.

11. I am looking at the 1 year chart of
    the HUI and i see 18 such attacks on the gold shares. Todays action is not unusual.

    As long as the fiat money interests can manipulate the shares they will continue to do
    so particularly in light of all of the unsolvable
    debt problems around the world including the US.

    I always have a position in the gold and silver shares no matter what the charts say just for peace of mind.

12. @Wayne - just read an interesting article about how countries such as Iran, India, Russia and China are trading oil in non-US Petro Dollars. For example, Iran is trading oil for gold from India. Wonder if this will affect the strong dollar / weak oil relationship you refer to. I also don't think that relationship always holds true, especially with political pressures on oil. Seems like old paradigms are breaking down and "rules" aren't so reliable anymore. Too much $ manipulation...

13. Jeremy / Adam, Can you suggest and cover some stocks that might benefit from a rise in inflation and commodity prices. I.e., if we want to play a rise in the CRB but via individual stocks. For example, WY... would that be a good play b/c it's timber? And, if we missed the monthly triangle, at what level would we look to get in?

    I have to say that I've been a bit disappointed in the trade triangles of late. Lots of green monthlies followed by drops, resulting in losses. Not just silver, but tons of individual stocks of late, too. Small losses can add up to a lot, even if using stop losses! My resolve is being tested.

    1. Christine,

       If you didn't watch we analyzed WY for you.

       As for the Monthly Trade Triangles, it's not uncommon to see a pullback after they get triggered. Remember that we are looking long-term and for the trend to resume.

       Best,
       Jeremy

14. Wanda - Natgas is showing bottoming action recently with higher volatility and bouncing off lows. However, charts are still weak. It has been 8 MONTHS since UNG took out a monthly high. If it closes as it today, Feb. will be the first month in 8 where it hasn't made a new low!
    IF you decide to go long, be very WARY of using GAZ to do so. GAZ has a very high premium because UNG did a 5:1 reverse split, so traders sold UNG , bought GAZ. Now that the split is complete, UNG is the better trade.

15. Yep - good call on going long silver - the day before it drops 9%!! Murhp - stops wouldn't help that one as it'd likely open below the stop.
    Dollar/Euro are key - if $ goes up, metals and oil will have a downward bias. Equities may like lower oil though.

16. There are many calling a low in natural gas. I wondered if maybe you could add it to your daily followings. Thank you for considering it.

    1. Wanda,

       Thank you for your suggestion. Tune in tonite and we'll see if we can take a look at it.

       Best,
       Jeremy

17. im out of any stock before any earnings report.

18. Today demonstrates how dangerous these commodities can be, especially when we try to suck the last pip out of a position! Good Luck. Hope you tightened your stop this morning.

19. Please continue monitoring the 3 major averages...DOW, S&P500 and the NASDAQ.
    Thank You

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