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Title: Wow, did you see gold?!
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URL Source: http://www.moneyandmarkets.com/wow- ... =61251&em=j.betker%40yahoo.com
Published: Oct 12, 2016
Author: Larry Edelson
Post Date: 2016-10-12 08:22:37 by BTP Holdings
Keywords: None
Views: 859
Comments: 7
Wow, did you see gold?! Larry Edelson | Wednesday, October 12, 2016 at 7:30 am Gold has crashed. So has silver. So have senior and junior miners. All just as I had forecast. Gold getting down — so far — to as low as $1,243. Silver to as low as $17.11 (both basis December futures contracts). The typical senior miner has shed more than 30% since early August, as measured by the AMEX Gold Bugs Index. And all this despite … ➔ Just about every analyst on the planet calling for a new bull market. ➔ The possible failure of Deutsche Bank, one of the largest, riskiest banks in the world, leveraged 40-to-1 with derivatives. ➔ The craziest, most destructive and rebellious elections in the U.S., probably ever. ➔ Russia’s Putin making new aggressive moves in Eastern Europe and new threats against the U.S. So the two main questions on most investors’ minds are … 1. “Why is gold falling?” and 2. “How low can it fall?” A. Gold is falling because investors are hoarding cash, not gold. As I’ve said all along, gold is not portable, it’s illiquid and it’s not going to help any large institutions survive what’s coming. So instead, the opposite is happening … large hedge funds, pension funds and others are liquidating gold and silver and hoarding cash instead. B. How low can it fall? Well, there’s a very good chance $1,243 was that secondary bottom I’ve been telling you about. My target — and I showed you the forecast charts — was $1,250 by October 5 to 7 — and we got a near perfect bull’s-eye on that forecast. But it’s really a tad too soon to say. The selling torrent in the precious metals and miners that was unleashed last week may need some more time to probe and form a bottom. There may even be one more stab at a new low. Ditto for silver and miners. My Personal Guide to Buying and Storing Gold Bullion Gold has become the “must have” asset so far in 2016. But with the demand for gold rising, scammers are on the rise and the market for gold has become treacherous for those who choose to go it alone. My new Special Report is packed with strategies and secrets that I have amassed in nearly four decades of trading gold and silver including… • How to avoid paying too much for gold bullion — or being scammed • Where to buy your gold bullion. I lists five reliable dealers that I trust including my own personal favorite, with contact info • Where and how to store your gold bullion overseas … plus the two rules you must follow if you want to hide your gold at home • How to add bullion to your IRA or 401(k) • The two most common scams to look out for when buying gold bars or coins. • And much, much more Click here now to download your copy. Internal Sponsorship Plus, the crisis with Deutsche Bank is not yet over. If Deutsche Bank goes under — and it may indeed totally collapse, as I noted last week — it will be a weapon of mass destruction many times larger than the failure of Lehman Brothers in 2008. If Deutsche Bank goes down, you can expect more liquidation of precious metals. And if Deutsche Bank goes down, you can certainly expect more liquidation of precious metals. So what should you be doing now? For now, I’d stick with the same suggestions I had last week … For one thing, you should mostly be in cash, as I have stated all along. For another, if you acted on any suggestions I made to hedge gold and silver holdings with inverse ETFs, you should exit those now — if you haven’t already. Yes, the metals can move lower. But a bird in the hand is worth two in the bush. Meanwhile, also as forecast, the dollar is soaring … the euro weakening. And in other markets, crude oil should be reaching a top soon, with another leg down coming, despite the recent OPEC production cut. And the Dow Industrials? Biding its time. Still at risk of a correction, but also very bullish longer-term. Stay safe, and best wishes, as always … Larry P.S. Economic tidal waves act just like tsunamis. According to the National Geographic, the enormous energy of a tsunami can lift giant boulders, flip vehicles and demolish houses. But from a financial standpoint, the K Wave will be even worse: Millions could lose their homes. Millions more could see their lifesavings wiped out in an instant. Businesses, large and small, could close their doors. Even the bare necessities of life — food, water, clothing — might become scarce. That’s why it’s so important that you get your free copy of my new report “STOCK MARKET TSUNAMI” right away, click here to download now! www.gliq.com/cgi-bin/click?weiss_martin+RWR-tsunami-ntffct-ext4+++p446+7167135 Poster Comment: So much for $10,000/oz gold.
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#1. To: BTP Holdings (#0)
"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡ "Resistance to tyrants is obedience to God." -- Thomas Jefferson
No doubt. I am sure that I am on the "no fly list". I just feel it. I've been too much a rabble rouser for too many years not to be on it. ;) "When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
I think all of us here are probably in line for the latter two, not sure which one will come sooner, but no need for the former if the latter occurs first. That's if Clitler wins of course. With Trump, at least there is hope. Trump is no Perot, nor Paul; they'll have to kill him to stop him. Pray for DJT's safety and well-being. “The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
I bought at $385/oz . I'll worry about my initial investment when it drops past that. I bought Silver at $6/oz. So it's the same worry --- none!
"If we don’t adhere to the Constitution on matters as significant as presidential eligibility, then the Constitution ceases to be a meaningful document for guiding our nation."
This is what the Globalists have planned for us all.
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
Wherever we bought; if we hold it, we own it. End of story.
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
#2. To: ghostdogtxn (#1)
Hitlery's gestapo dragging me off to the camps.
#3. To: ghostdogtxn (#1)
This is barring a zombie apocalypse or a nuclear holocaust, of course. Or possibly Hitlery's gestapo dragging me off to the camps
"After tomorrow those SOB's will never embarrass me again. That’s not a threat. That’s a promise.” – LBJ to his mistress Madeleine Brown on the eve of JFK assassination 
#4. To: FormerLurker, 4 (#3)
With Trump, at least there is hope.
#5. To: BTP Holdings (#0)
#6. To: Lod (#4)
#7. To: ndcorup (#5)
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