Market's closed. End result: the largest up move for gold in FIVE months and the largest up move for silver in FOUR months. The (two day) correction is over.

Well, gold and silver didn't immediately take off. In fact, it has kind of corrected here, giving back most of that large one day gain. Here's a PM I made to a VNN'er today re where things stand now, in my opinion.

This may be a good time to buy silver and gold paper -- or the real thing. We might get lower prices at some point in the next six months, but I sure wouldn't count on it. Gold and silver have begun a significant rebound. They have been jumping up and down a bit recently but still look strong. They're in a bit of a correction right now, although it may have ended today. There are probably one to three months left on this present move which may take both gold and silver to new highs. Then, per Saville (he's usually but not always right) there should be a significant correction, before the next BIG MOVE gets underway. So this present move is a short term very tradable move -- and, although it would have been better to have gotten on earlier, it probably is still not too late. Then, you can sell when you get a good profit and wait for the next correction -- or stay in and ride out the correction and sell late next year at much higher prices, if we get much higher prices (as seems probable).

BEWARE ! BEWARE !

With these new travel restrictions on leaving the US it appears that all the locks are being put in place for an economic clamp-down . If you have options or futures and they soar in value , don't be surprised if you find your account frozen by the government and the value reduced to a minimal amount . jewish methods are all being set in place , travel restrictions and wealth confiscation go hand in glove !

Itz_molecular, your point reminds me of the time when the government defaulted on its thirty-year bonds. Backed by the full faith and credit of the US government, indeed.

Bureau of the Public Debt Announcement
http://www.uncle-scam.com/Breaking/jan-04/bpd-1-15.pdf

Gold and silver have been consolidating -- going sideways -- for the past week and a half. Today they were both up strongly again. My reading of the charts is that they will now make a more sustained up move over the next two weeks or so. How high they get on this move will determine what I do next -- in terms of taking profits. Now, if you're on board, we sit back a watch. Should be quite interesting.

Hello Devere, I am ready to get on board but am having hesitations at this time. I am somewhat concerned that this could be just another bubble and June might have been the peak of it.

Now, if you're on board, we sit back a watch. Should be quite interesting.

Who the hell wants 'interesting' ???

Chinese curse : 'May you live in interesting times' .

Hello Devere, I am ready to get on board but am having hesitations at this time. I am somewhat concerned that this could be just another bubble and June might have been the peak of it.

No. I'm sure this is not a bubble. Gold and silver are still years from their top -- which will be MUCH higher than it is presently.

It would have been better had you gotten on sooner, but for a long term investment or one year trade, it's not too late. I'm doing a shorter term trade here, but if you're just getting on board now, you should aim for long term. I expect it to go up strongly, maybe to new highs, maybe not quite -- then down, then the big move will begin in earnest.

Gold and silver will not stop going up in their long term trend until the fed stops inflating the money supply. VERY unlikely they will be doing that anytime soon -- or the entire economy will collapse -- and the White revolution will begin. So they won't let that happen.

Who the hell wants 'interesting' ???

Chinese curse : 'May you live in interesting times' .

Interesting good -- at least as far as gold and silver are concerned. I guess we should allow ourselves to enjoy what we can -- as the world disintegrates around us.

This coming week could be interesting, but then again, every week is interesting in these times. It’s too bad I wasn't able to sell my house a month earlier than I did. Hopefully (for me anyway) the metals come down one more time before "the end of the world".

This coming week could be interesting, but then again, every week is interesting in these times. It’s too bad I wasn't able to sell my house a month earlier than I did. Hopefully (for me anyway) the metals come down one more time before "the end of the world".

This coming week could be interesting, but then again, every week is interesting in these times. It’s too bad I wasn't able to sell my house a month earlier than I did. Hopefully (for me anyway) the metals come down one more time before "the end of the world".

'interesting' , I hate that word , it is so over used and in the wrong context .

I want to see if the dollar slide continues in a massive fashion and what the US does or doesn't do , to stem the slide . I think that they are in a corner . Let it slide and no one will want the US debt , support it with higher interest rates and the economy will collapse . Damned to turn in any direction .

'interesting' , I hate that word , it is so over used and in the wrong context .

I want to see if the dollar slide continues in a massive fashion and what the US does or doesn't do , to stem the slide . I think that they are in a corner . Let it slide and no one will want the US debt , support it with higher interest rates and the economy will collapse . Damned to turn in any direction .

There will be lots of technical support at around 80.

I want to see if the dollar slide continues in a massive fashion and what the US does or doesn't do , to stem the slide . I think that they are in a corner . Let it slide and no one will want the US debt , support it with higher interest rates and the economy will collapse . Damned to turn in any direction .

I increasingly believe the fed will lean towards lowering rates. They'd rather a more orderly decline in housing prices but take the lower dollar and higher inflation as consequences.

There will be lots of technical support at around 80.

Everyone and his brother is looking for support at 80 on the dollar index . That just means that it will shoot right through 80 leaving mud on everyones face

I increasingly believe the fed will lean towards lowering rates. They'd rather a more orderly decline in housing prices but take the lower dollar and higher inflation as consequences.

Here's the problem with that scheme , as I see it . A falling dollar will make US assets undesirable , like T-bonds. A falling dollar could cause massive dumping of US gov debt, making financing of the debt impossible . That would be a total disaster .

I think they will pursue the path you indicate , then a massive avalanche in the dollar will occur and they will have to do a panic reversal , pushing rates high to help the dollar value , choking the economy to death .

With 2/3 of oil imported , a lower dollar means higher gas prices , that would also choke the economy .

A jewed situation