GOLD/SILVER WAY UP-THEN WAY DOWN ?

[30 at 50]

Hey gang,I'm a seasoned silver bug.was buying all I could get at 4.50 -6.00 an ounce while my friends were laughing at me.Also was selling my real estate in '04 (again they were laughing at me )....

Ok here is my thoughts at this point.I'm watching the USDX every closely right now,it's showing a topping before it's next leg down,What this means is that Metals are about to take a new dramatic move upward,I'm thinking we may see gold approach 1,600 and silver between 35-40.00 an ounce.Then the dollar manipulators will have their way and boost the dollar for another rally,the metals will get creamed again for about six months or eight.Gold being shoved back down to 1,000 and silver in the 18.00-21.00 range.

Personally I'm starting to sell all of mine when the USDX approaches the .71 area and watching closely to see if the dollar breaks below this level ,which could send the metals to some dizzying highs(silver over 50.00,,wow)..

Then the dollar will rally while I wait to buy all my silver back and then some... at much lower prices.

BUT HERE'S A POSSIBLE SCENARIO WE ALL SHOULD SERIOUSLY CONSIDER:

My feeling is that when they RV the dinar THE METALS WILL DROP 50% OVERNIGHT !

There will be the biggest rush into the dollar that the known world has ever seen as people race to the US banks ...cashing in!!!!...This is what we are planning ,,yea?...,this will cause the USDX to sky rocket....

Thus decimating the gold bull...overnight !

So now,,, this is what I'm wondering...Is there a plan in place to.... by the powers that be to allow gold to make a huge move to the upside (which they will make plenty of money on ) then turn the tables (at the very top of this next move ) as the RV surprises the whole unsuspecting gold world,(you know almost no one is talking about the dinar) as they do the RV and short gold while they make another fortune as it plummets and the average gold Joe is blown out the door..You know this is possible because this market has been going up for 10 years now! And of course it's just like the big money to do something like this..(they've done it before,ya know !!

So all us metal investors need to act prudently no matter what..remember the adage " Sell into euphoria and buy in despair "...

Let's all keep our heads up...BUT LOOK OUT BELOW!! HAHA...

Blessing all !!

[GIDad]

Thank you for shareing your experience. Most people go about life with no awareness of how desperate the world economy is, now more than ever. Socialism always fails because it runs out of money and Europe is going down. The impending Dinar RV is a temporary fix at best. The wise one's are aware and will weave and bob through this taking advantage of opportunity.

[doc9574]

thanks will tell a friend that is into metals

[30 at 50]

Ok,the USD should be heading down now or with in two weeks max..gold/silver should start to make their assent too dizzying heights ,i'm looking at 36.00-45.00 silver by feb.29th.gold at 1,600 -1,700.

UNLESS the RV happens ..then all bets are off..it will be "look out below"..as the USD shy rockets over night to our glory..

Mark my words;when we RV this gold bull run is over ...at least for now..maybe in two years it will bottom again and we can jump back in..

As a note the US dollar is staying somewhat strong still,I'm wondering if the big money knows waht going on..like the RV just around the corner..humm...just thinking out load here..

you can google USDX and see that the USD should be heading down by now..humm.

Blessing

[Deathmonkey]

What you are not factoring into the data is the human factor. In the last few days we have seen gold go from 1420's to 1380's. Some of it is due to financial data, lightly stregthening the dollar. However, much of it is due to investors cashing out and taking profits for their clients. All we need is a major country (India scares me) to announce they are selling gold onto the market, and spot will drop 100's in minutes. And realistically, even the rumor of such an action will start to lower spot. And now the IMF is helping more European countries, and may need to sell gold to do so. If that goes through, watch out.

[30 at 50]

Yes very good point death monkey,,thanks !! ur are very correct..that damn human thing!! hahha

[rjboots1]

I just sold out last Wednesday, but I tend to disagree with you guys to an extent. I too expect metals to drop with the RV, but not drastically, just a healthy correction after such a wild bull run this 2nd half of 2010.

I do agree that notice from India's or even more China's central banks about a sell-off would be very significant, but there's really no reason for them to sell off, no matter what the RV does. Their economies are still growing like crazy, and they're both grossly under-stocked in gold relative to the currency that they have in circulation, and also relative to several other nations with substantially smaller economies.

I think we'll have more than a "pull-back", but just a good solid correction that allows us to back up the truck and load up some time next year, after the effects of the RV wear off. JMO. Good luck and God bless!!!

[Captjohn]

i'm looking at 36.00-45.00 silver by feb.29th.gold at 1,600 -1,700.

Nice try. wrong year. How about Feb 28th. Hmmm.