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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (80207)9/24/2011 1:36:51 AM
From: Hawkmoon1 Recommendation  Read Replies (1) | Respond to of 217749
 
Remember the big surge in retail buying of gold back in the year leading up to Y2K?

Remember Joe Kennedy's "shoeshine" boy anecdote?

For every retail "dumb money" buyer, there's a commercial "smart money" seller.

Works the same way with gold and silver, IMO..

Hawk



To: TobagoJack who wrote (80207)9/25/2011 9:42:30 PM
From: TobagoJack  Respond to of 217749
 
am on koh samui for the working week

re the photo

From: J
To: W; P
Sent: 2011 09 26 9:23 AM
Subject: RE: Huge line to buy gold and silver today!!


i detect a lacking of not only strong metallic solid faith, but also sense a complete absence of true macro conviction.

this is time to sell puts on metal of of faith and psychology, and is not a moment to sell political metal.

this is no time to question a strategy that was laid out a decade ago and is no way-point to doubt a script that has tracked so rewardingly true.

we of true conviction have already chosen the way we might perish in battle, and in what positions. there is nothing more to do except to draw weapons.

the empire is driving the plebs towards the usd and towards the long bond.

let the plebs go where they wish, for they shall not return.

as and when gold turns on any of predictable announcements, it can do an easy double digits or a hard triple numerals.

can gold fall further? of course, as wastrel nations and delinquent states offer up their gold with weak and trembling hands.

decision, with the many and against the few, or in alignment with the few and against the many.

i say the risk is to the upside.

no regret, no tears, no excuses, and no give.

most must fall and only a few shall rise.

let us pray before we prey.

From: W
To: P
CC: J
Sent: 2011 09 25 4:05 AM
Subject: Re: Huge line to buy gold and silver today!!


Ok. Better buyers

On Sep 24, 2011, at 11:11 AM, P wrote:

Lol!! Everyone was there to buy gold and silver and platinum. The ones of little means bought silver bullion, the crafty ones bought Mexican 1.2 ounces since the spread was least for the gold content, the newbies like me bought platinum eagles because my friend told me about South African electricity subsidies and I wanted to have a coin stamped from the realm with a face value (making it potentially cap gains tax free if new laws get passed federally such as the new state law in Utah)

How do I Know?

1) we were in the line ! We all chatted. We had time, lots of time.

2) since in America there is a wide bid-ask on all coin bullion, everyone including the mexican cook two in front of us, the Persian bond trader one in front, the Korean silver day trader one behind, and the Russian immigrant two behind

Was ready and willing to buy their coins from anyone in the 65 person line for 90 minutes at somewhere between the known bid-ask.

No one had anything to sell

Over 50 cars drove in and drove away during the 90 minutes when they saw the line. When we finished, more had come and the line was still an additional 65-75 people long. All trying to buy that day.

The day that the markets had given us all a chance to get some bullion significantly cheaper

People from all walks of life and educational backgrounds were in that line. They all had their theories on price but this new information world made all of them completely up to date on all the different competing theories of hedge fund stop losses, cannibalization of profits to pay for equity losses, central bank coordination, JP Morgan conspiracy to help US Govt.

An interesting group and I thoroughly enjoyed meeting them.

Sent from my iPhone

On Sep 24, 2011, at 7:48 AM, W wrote:

A clear exAmple of bias from the reader. every piece of data is buy gold

On Sep 24, 2011, at 6:53 AM, J wrote:

Do they look like they have gold?
They look like they were seeking to engage with salvation.

------Original Message------
From: W
To: P
Cc: J
Subject: Re: Huge line to buy gold and silver today!!
Sent: Sep 24, 2011 9:33 PM


How can we tell if they re not there to sell gold?

On Sep 23, 2011, at 12:45 PM, P wrote:

The support for gold is clear! A huge line around the building to buy gold and silver bullion today. Guard said he had never seen this before! Look carefully at the people and you see quite a cross section of America.


Sent from my iPhone
"Sent via Mobile"