Comments on: Panicky Gold Sellers Find Safety Aboard Titanic http://www.rickackerman.com/2009/09/panicky-gold-sellers-find-safety-aboard-titanic/ Gold, Silver, Stock and Mini Index Trading Newsletter Thu, 09 Sep 2010 05:28:13 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: richard dudley http://www.rickackerman.com/2009/09/panicky-gold-sellers-find-safety-aboard-titanic/comment-page-1/#comment-2344 richard dudley Fri, 25 Sep 2009 15:37:30 +0000 http://www.rickackerman.com/?p=10173#comment-2344 Gold is a seasonal sale here. Selling 993.00 with a 1003 stop.. reversing 913.00 -OCO-November 17. Seasonal low. 8:1 risk reward Gold is a seasonal sale here. Selling 993.00 with a 1003 stop.. reversing 913.00 -OCO-November 17. Seasonal low. 8:1 risk reward

]]> By: joseph http://www.rickackerman.com/2009/09/panicky-gold-sellers-find-safety-aboard-titanic/comment-page-1/#comment-2343 joseph Fri, 25 Sep 2009 15:35:40 +0000 http://www.rickackerman.com/?p=10173#comment-2343 What, skittish traders? Are you totally blind? PPT dumps gold for support of fiat currency and T-bonds. Please read the statement of European Central Bank next week - they dumped 7 tonnes of physical gold (multiplied by leverage 1:100 for paper gold. That's the only way they can make these takedowns.) What, skittish traders?

Are you totally blind?

PPT dumps gold for support of fiat currency and T-bonds.

Please read the statement of European Central Bank next week – they dumped 7 tonnes of physical gold (multiplied by leverage 1:100 for paper gold. That’s the only way they can make these takedowns.)

]]> By: Mike http://www.rickackerman.com/2009/09/panicky-gold-sellers-find-safety-aboard-titanic/comment-page-1/#comment-2342 Mike Fri, 25 Sep 2009 15:00:37 +0000 http://www.rickackerman.com/?p=10173#comment-2342 Seems to me that the recent sell-off in gold and silver is a message from the PowersThat Be to the wonderful folks at the G-20 summit not to worry, because they (the PTB) can still manipulate any market they wish to, whenever they wish to........for the time being. It's sure going to be fun....and profitable....when that time is over. Seems to me that the recent sell-off in gold and silver is a message from the PowersThat Be to the wonderful folks at the G-20 summit not to worry, because they (the PTB) can still manipulate any market they wish to, whenever they wish to……..for the time being. It’s sure going to be fun….and profitable….when that time is over.

]]> By: Rich I http://www.rickackerman.com/2009/09/panicky-gold-sellers-find-safety-aboard-titanic/comment-page-1/#comment-2341 Rich I Fri, 25 Sep 2009 14:58:08 +0000 http://www.rickackerman.com/?p=10173#comment-2341 Brilliant headline may prove prophetic over time. Reading the article precipitated this thought: There is a disconnect with floods of bank dollars going nowhere except to try to shore up Big Bad Bank Balance sheets with Treasury, Corp, Muni Bond and Big Stock purchases like Daddy Warbucks. (Recall BAC which bought the 1930s GG Bridge Bonds when no one else could.) The disconnect is with the People's money: Shadowbank M-3 (shadowstats alt), slowed from 17% growth in 2008 to 4% growth now. Wall Street is flush with bonus Fed and taxpayer money, but hoarding credit, and Main Street is flat broke, trying to find work, save and survive. There may be one helluva hangover when the DC Boyz try to wean Wall Street off life support. (Today's Ron Paul hearings may trigger this\: Auditing the Fed may prove the Emperor has no real cash or clothes.) NeoKeynesian solutions to keep the economy going when the consumer cannot, the spending wars on Afghanistan, Pakistan, Iraq and Illegals Infrastructure are falling and failing , evidenced by $BDI and DRYS down -51% and -58%. Who can afford CapTrade, Chinese tyres, or 0Care if they ever could? No wonder there's a current flight to liquidity, if not safety, in dollars and Treasuries. This reflex defensive action may sink the SS USA, certainly if the Fed is audited with the House of Cards exposed for all to see. Can we survive another collapse of liquidity in panicked markets like 2008 with DC boyz in full denial in their Denali's? Suddenly the 2 Million Man March in DC becomes a Bonus March pitchfork Exodus? No wonder DC is reluctant to bring our armed Farm and Ghetto Boys and Girls home from foreign occupations. To what? Homeland Security FBI ammo sales and prices doubled. Falling revenues, delayed budgets and higher taxes further contract Mrs Economy. They eventually close bonus bank proprietary trading desks, so far ignoring fundamentals and reality, trading so many deck chairs on the Titanic... http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3251493 Brilliant headline may prove prophetic over time.
Reading the article precipitated this thought:
There is a disconnect with floods of bank dollars going nowhere except to try to shore up Big Bad Bank Balance sheets with Treasury, Corp, Muni Bond and Big Stock purchases like Daddy Warbucks. (Recall BAC which bought the 1930s GG Bridge Bonds when no one else could.)
The disconnect is with the People’s money: Shadowbank M-3 (shadowstats alt), slowed from 17% growth in 2008 to 4% growth now.
Wall Street is flush with bonus Fed and taxpayer money, but hoarding credit, and Main Street is flat broke, trying to find work, save and survive.
There may be one helluva hangover when the DC Boyz try to wean Wall Street off life support. (Today’s Ron Paul hearings may trigger this\: Auditing the Fed may prove the Emperor has no real cash or clothes.)
NeoKeynesian solutions to keep the economy going when the consumer cannot, the spending wars on Afghanistan, Pakistan, Iraq and Illegals Infrastructure are falling and failing , evidenced by $BDI and DRYS down -51% and -58%.
Who can afford CapTrade, Chinese tyres, or 0Care if they ever could?
No wonder there’s a current flight to liquidity, if not safety, in dollars and Treasuries. This reflex defensive action may sink the SS USA, certainly if the Fed is audited with the House of Cards exposed for all to see. Can we survive another collapse of liquidity in panicked markets like 2008 with DC boyz in full denial in their Denali’s? Suddenly the 2 Million Man March in DC becomes a Bonus March pitchfork Exodus? No wonder DC is reluctant to bring our armed Farm and Ghetto Boys and Girls home from foreign occupations. To what? Homeland Security FBI ammo sales and prices doubled.
Falling revenues, delayed budgets and higher taxes further contract Mrs Economy. They eventually close bonus bank proprietary trading desks, so far ignoring fundamentals and reality, trading so many deck chairs on the Titanic…

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3251493

]]> By: richard dudley http://www.rickackerman.com/2009/09/panicky-gold-sellers-find-safety-aboard-titanic/comment-page-1/#comment-2339 richard dudley Fri, 25 Sep 2009 12:36:05 +0000 http://www.rickackerman.com/?p=10173#comment-2339 Friday Sept. 25 8:34 EST Divergence in Shanghai Index versus Nazz will cause Nazz,S&P500,to CRASH starting TODAY!! Look back to Febeuary-March 2007 to see divergence. Same thing now. Rick Dudley Red Barron Trading Friday Sept. 25 8:34 EST
Divergence in Shanghai Index versus Nazz will cause Nazz,S&P500,to CRASH starting TODAY!! Look back to Febeuary-March 2007 to see divergence. Same thing now.
Rick Dudley
Red Barron Trading

]]> By: mario cavolo http://www.rickackerman.com/2009/09/panicky-gold-sellers-find-safety-aboard-titanic/comment-page-1/#comment-2336 mario cavolo Fri, 25 Sep 2009 05:35:49 +0000 http://www.rickackerman.com/?p=10173#comment-2336 as you state "we have trouble understanding why traders would panic to exchange bullion for Treasury debt and dollar..." I'm completely confused Rick, as I am waiting for a pullback to buy some gold...here in China, I can buy bullion directly from my bank any day any time...and will do so on dips toward the 950's.....but I thought gold was a hedge against instability...? the only answer that might be an oversimplication is that an "event" simply creates an excuse for a round of profit-taking....simply as always that smart money buys into weakness and sells into strength again and again...glad I noticed to do the affiliate program with you on my site, Cheers, Mario as you state “we have trouble understanding why traders would panic to exchange bullion for Treasury debt and dollar…”

I’m completely confused Rick, as I am waiting for a pullback to buy some gold…here in China, I can buy bullion directly from my bank any day any time…and will do so on dips toward the 950’s…..but I thought gold was a hedge against instability…? the only answer that might be an oversimplication is that an “event” simply creates an excuse for a round of profit-taking….simply as always that smart money buys into weakness and sells into strength again and again…glad I noticed to do the affiliate program with you on my site, Cheers, Mario

]]> By: Rich http://www.rickackerman.com/2009/09/panicky-gold-sellers-find-safety-aboard-titanic/comment-page-1/#comment-2334 Rich Fri, 25 Sep 2009 03:47:36 +0000 http://www.rickackerman.com/?p=10173#comment-2334 Right before the G20 meeting we get the NY 15 dollar dump at 10 am . The 10:00-10:30 NY dump seems to be a favorite time. Must be just before latte break. Is this really longs escaping or just more of the same manipulation games by the bullion banks. Seriously ? Right before the G20 meeting we get the NY 15 dollar dump at 10 am .
The 10:00-10:30 NY dump seems to be a favorite time. Must be just before latte break.

Is this really longs escaping or just more of the same manipulation games by the bullion banks. Seriously ?

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