Been down so long


 Ray Manzarek, RIP






12 comments:

Bron Suchecki said...

And we could do a 2005 and trade along the bottom of that line for a year.

Louis Cypher said...

GM,
I took the liberty of throwing in a video.

duggo said...

"The Approximate Present Does Not Approximately Determine The Future"

Just read this over at Zero Hedge.

It so encapsulates my feelings about charts.

GM Jenkins said...

And we could do a 2005 and trade along the bottom of that line for a year.

I think that's as likely a scenario as any - that the 15% trading range that used to be 1560-1800 has now been moved to 1325-1525

GM Jenkins said...

Love that clip, Louis, but I found it a little too bearish for my tastes and saw fit to supplement it with a more bullish offering.

That's a good one, duggo. Here's the link

Jeanne d'Arc said...

GM: I also added a video. I'm not sure it will appease your bullish tastes, however...

Looking forward to finally buying my gold at sub $1300. I'm still doing work on the range, but somewhere between $1100 and $1300 is looking about right to me at the moment.

JdA

Tony said...

Ahhhh....there it is. Been pining to know when that little lemur purse would work its way open. Thanks JdA! Now if only we could get a peek at your secret rationale recipe...

Louis Cypher said...

One more added not because it's bullish or bearish. It's just a great song.

On the metals ... sentiment is so bearish as to be tempting to buy just on that alone. I might go looking for some cheap long Leaps tomorrow.

duggo said...

A question to my learned friends.

On this blog there are great discussions regarding the Gold inventories. With this in mind I'm curious to know if anyone knows how much Gold is being stored in private vaults like Mat Via?
With all the talk of wealthy individuals demanding their Gold they need to store it somewhere. So if all of this is true the increase in Gold storage at private vaults must be significantly higher each week.

Slow Loris Larry said...

@ Duggo

Perhaps, but being private, they don't have to let on, do they?

Warren James said...

@ Duggo, it's true - information about privately held inventory is generally inaccessible - generally a good thing for the owners of said inventory; generally annoying for market analysts like you and us.

I've been processing some dark bullion figures so you might be generally interested to know that of all the gold added to GLD in the last 3 years, 30% of that has been from previously held inventory. i.e. somewhere there is an answer for you - gold tends not to travel very far from the vault of origin. Got some raw data to prove that (for Mr Quinvarius) but still working on packaging it all.

If I were to add a song here about the gold price, it would have to be a Powderfinger song: 'up and down' from their 'Odyssey Number Five' album.

CrackWhoreGold said...

The Doors/Jim Morrison are an apt metaphor for what is going on in the PM markets, since Morrison and his cabal were all products of the CIA manipulations like mockingbird and mkultra.

For a great read, check out McGowan's exposé on The Laurel Canyon scene and other elite military offspring like Crosby, Stills, Zappa, Phillips, Manson and many more.