Scott Pluschau: THE MOST DIFFICULT ASPECT OF TRADING TO MASTER IS....

ScottPluschau

Why do I not consider price?  A cognitive bias that can be a psychological disaster for a trader is known as "Anchoring".   "Chart Analysis" as difficult as it is, doesn't compare to "Self Analysis".  I spend as much time working on myself as I do on the charts.

The Fundamental View: "I do think that silver breaks lower this week"

The Fundamental View
I do think that silver breaks lower this week. The contra trend rally has in my view ended and we should see silver break to the downside again this week… that is, unless the 200 day is breached with conviction and if spot can get past $37.58 taking the H&S out of play. The neck line is $32.50 and if it is breached, we will see sub $30.00 silver in no time at all. If we take a look at the 2 year chart in silver you can see that silver still remains in a downtrend.

A Perfect Storm for Precious Metals by August 2012?

Very Interesting Not At All Illogical argument in the Following Article at Silver Doctors about the various elements of a perfect storm for Silver and other PM's by August 2012.
SilverDoctors.com: Precious Metal News and Docs Trading Post
Inflation of 10% will become 15-20% and the US and Euro consumers will scream for a shield against this inflation. Where do they go? Where anyone trying to safeguard themselves goes: Physical precious metals

Is Physical and Paper Coming Unglued? "Unexpected deviations have a nasty habit of leading headline news, so this one has my attention" : De Groot

Eric De Groot

Unexpected deviations have a nasty habit of leading headline news, so this one has my attention.

Gold and What Moves it. | Scoop.it

“Well, I think the gold market was looking fine from yesterday. Then we had reasonable payroll numbers here in the US and that took the gold price down. But then we had a sudden reversal which is quite interesting. My understanding is the PM fix in London saw some physical buying and was fixed a few dollars higher than gold was trading on a spot basis.”  
Gabelli Gold Fund manager, Caesar Bryan

Faber: Gold Confiscation Likely in US, China Could Crash therefore avoid holding other commodities

Marc Faber: US 'Financial Mess' Will Force Government to Take Your Gold

“I prefer to play the commodity space by owning physical gold,” Faber tells Chiefsworld. “If I were an American, I would store it outside the U.S., because in the U.S., it is not completely unlikely that they will eventually take it away.” “Like in 1933, gold will be purchased back by the government” because eventually the financial mess will be so bad that gold prices “will go ballistic, and the government will take away something from a minority, and not many people own gold.
“When gold prices shoot up, it will be quite a popular measure to take it away from these rich people,” Faber says. “It’s happened before.” From May 1, 1933, until 1974, U.S. citizens could no longer hold gold as a protection against paper money, which also lost its gold backing at the same time. Foreign central banks could continue to exchange the U.S. dollars that came into their possession – known as eurodollars for decades — for gold and did so particularly when the U.S. dollar was devalued and then floated against the gold price in 1971.
Faber notes that the Chinese economy is slowing, and says it will slow further and perhaps crash at some point, which is why he is staying out of commodities other than gold.

Stockman: When the real margin call in the great beyond arrives, the carnage will be unimaginable.

Why David Stockman isn't buying it - CBS News

Condon: You sound as if we're facing a financial crisis like the one that followed the collapse of Lehman Brothers in 2008.
Stockman: Oh, far worse than Lehman. When the real margin call in the great beyond arrives, the carnage will be unimaginable.

Stockman: "The (Bernanke) Fed is a patsy. If Paul Volcker was running the Fed today you wouldn't have half, you wouldn't have 95 percent, of the speculative positions today."

Why David Stockman isn't buying it - CBS News

Here's the heart of the matter. The Fed is a patsy. It is a pathetic dependent of the big Wall Street banks, traders and hedge funds. Everything (it does) is designed to keep this rickety structure from unwinding. If you had a (former Fed Chairman) Paul Volcker running the Fed today 7/8- utterly fearless and independent and willing to scare the hell out of the market any day of the week - you wouldn't have half, you wouldn't have 95 percent, of the speculative positions today.

The David Stockman Investment Strategy: Cash and a Few Bars of Gold (and the Golden Debt/GDP Constant)

Why David Stockman isn't buying it - CBS News

But spend time with him and you discover this former wunderkind of the Reagan revolution is many other things now - an advocate for higher taxes, a critic of the work that made him rich and a scared investor who doesn't own a single stock for fear of another financial crisis. Stockman suggests you'd be a fool to hold anything but cash now, and maybe a few bars of gold. He thinks the Federal Reserve's efforts to ease the pain from the collapse of our "national leveraged buyout" - his term for decades of reckless, debt-fueled spending by government, families and companies - is pumping stock and bond markets to dangerous heights.

David Stockman - the Golden Contant (of debt to GDP)

Typically the private and public sectors would borrow $1.50 or $1.60 each year for every $1 of GDP growth. That was the golden constant. It had been at that ratio for 100 years save for some minor squiggles during the bottom of the Depression. By the time we got to the mid-'90s, we were borrowing $3 for every $1 of GDP growth. And by the time we got to the peak in 2006 or 2007, we were actually taking on $6 of new debt to grind out $1 of new GDP.

Look Out Hong Kong! Singapore Scrapping Taxes on Gold

Gold hub: Singapore to scrap tax - Indian Express

Singapore is seeking to lure bullion refiners by scrapping taxes on gold, an action that could also attract trading houses to open storage facilities and transform the country into a key Asian pricing hub, industry sources said on Monday. Singapore will exempt investment-grade gold and other precious metals from a 7% goods and services tax to spur the development of gold trading, Finance Minister Tharman Shanmugaratnam said on Friday. The change takes effect in October and may lift demand for gold bars and coins in the fourth quarter and into 2012. Singapore's investment gold demand nearly tripled to 3.5 tonnes in 2011, according to consultancy firm GFMS.
This news is going to draw attention to Singapore as a safe place to park funds. Asset managers will also very excited. The trend in the last three years is that people are moving to physical hard assets from paper.
SINGAPORE PRICING CONTRACT Singapore imports gold bars from Australia, Switzerland, Hong Kong and Japan, which are then sold to buyers in Southeast Asia and India, the world's largest gold consumer. Gold scraps from the across the region are also traded in Singapore, and this helps determine the premiums for gold bars against prices in London.
Singapore is already considered a safe destination for cash from investors in the region... and even as far out as the Middle East, an industry source said. Having the option of becoming a physical safe haven for assets like gold will only boost overall flows here. The tax changes could be the first step towards a Singapore gold contract to complement the daily fixing in London, which is widely used as the benchmark spot transaction, analyst Trevethan said.

Urban Dictionary on Jim Cramer


RT's Financial Markets Sex Kitten Lauren Lister talks MFers

Comment Section Porn

Jesse Livermore: Always buy silver whenever you see a black cat popping out of a uterus - Max Keiser

Hahahaha, all the clownass manipulators naked shorting gold, platinum and silver are accomplishing is educating the more timid of the masses about “buy” signals…..

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