You are currently browsing the Fintelligence weblog archives for the day 10/09/2010.
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Aug | Oct » | |||||
| 1 | 2 | 3 | 4 | 5 | ||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | |||
- Dollar Collapse (17)
- General (24)
- Gold (186)
- 06/06/2011: The recovery failed
- 26/05/2011: Silver again
- 13/05/2011: $450 silver and $12,000 gold
- 11/05/2011: Oh well
- 09/05/2011: Some explanations
- 06/05/2011: NFP surprises
- 05/05/2011: Hi ho silver!
- 04/05/2011: Gold hits support and can still hit new high
- 04/05/2011: Is the top in? Maybe not
- 02/05/2011: Margin requirements take down silver
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- August 2008
- May 2008
- April 2008
Archive for 10/09/2010
Interesting rant
10/09/2010 by Philinje.
Gold and silver are holding up at their highs. Silver peeked above $20. Gold stocks were pushing near all-time highs, but just took a dip.
This could be interpreted as either: a decline could set in if current levels are not breached and equities crash, OR prices are ready for a breakout above these levels and then a major jump up.
Ireland is sounding pretty bad as a possible black swan. Someone was saying Britain could be the next shock to the system. The Euro is still bumping along the bottom and the Yen remains strong despite verbal intervention and some flooding of money in Japan. So all in all, I lean toward the former scenario.
Remember my theory about silver manipulation getting much harder because of scrutiny by the DOJ and SEC? Here is a rant in the Huffington Post that mentions this:
http://www.huffingtonpost.com/tom-pappalardo/gold-silver-trading-bigge_b_706594.html
Maybe the manipulation of previous metals is moving more and more into the mainstream. The clock is ticking on the enactment of position limits by the CFTC, and so far the big banks have not succeeded in taking down prices in any significant way.
September is here and so far there’s not much action. If you believe the Plunge Protection Team pumped up equities last week to get ready for September, then they’ve succeeded, so far.
Posted in Gold | Print | No Comments »