massive crash in a few days

pacquiao

i have been looking at gold charts since 2008 and i think i spotted something over the last few days which would suggest to me we are in for a huge crash just like in 2008.


here's gold in oct of 08th



here's gold today the 17th november





If you look at the chart of 08 i put in an up arrow showing the little rally up in price. Then the down arrow showing where it it a top and fell violently.
I think the same is happening today in the 11 chart above.
Oil is up over 25 dollars and is up today so perhaps there is a war just around the corner. We have heard this for the past few years, but maybe this time it is going to happen.

Time for the ecb to print print print !

MrStuffins

Where's the conspiracy?

Paulyh

Dude, you need to get out more

cgarrad

Better off here:

Investments & Markets

Not a bad chart but its not conspiracy, just a double top forming ;-)

nyarlothothep

One word: Iran

Di0genes

nyarlothothep wrote: »

One word: Iran

What about Iran?

Daithi 1

It's one word.

nyarlothothep

Two words: Nuclear War

partyatmygaff

How is somewhat sensible market predictions a conspiracy theory?

Di0genes

nyarlothothep wrote: »

Two words: Nuclear War

Why?

chin nuts

lay off the weed OP !!!

nyarlothothep

Di0genes wrote: »

Why?

To fulfill the prophecy of Gog and Magog.

Jeboa Safari

nyarlothothep wrote: »

To fulfill the prophecy of Gog and Magog.

So how will it play out? And whats so special about the next few days?

Daithi 1

Yeah ! like we're gonna tell you Jeb. Is it ok if I call you Jeb ?

weisses

What i would like to see is the behavior in stocks/gold/silver ... before big events and use that as an comparison

Jonny7

pacquiao wrote: »

i have been looking at gold charts since 2008 and i think i spotted something over the last few days which would suggest to me we are in for a huge crash just like in 2008.


here's gold in oct of 08th



here's gold today the 17th november





If you look at the chart of 08 i put in an up arrow showing the little rally up in price. Then the down arrow showing where it it a top and fell violently.
I think the same is happening today in the 11 chart above.
Oil is up over 25 dollars and is up today so perhaps there is a war just around the corner. We have heard this for the past few years, but maybe this time it is going to happen.

Time for the ecb to print print print !

Why are you looking at old graph "patterns"?

The price of gold it determined by a multitude of factors and variables, inc. random current and future events, etc - not because it has the same shape as an old graph

cgarrad

Price action repeats and repeats again. Low volumes at the moment, it will move....

Jonny7

cgarrad wrote: »

Price action repeats and repeats again. Low volumes at the moment, it will move....

You mean when the price is low people buy more of it?

shedweller

Been thinking the same myself OP. Ok, it's not necessarily a conspiracy but it is not being talked about too much. Well, the crash bit is getting a little airtime but the correlation with gold is not. It's not something i'm going to rant over either. I'll just watch it unfold and see how it matches what i thought it would do.
I wish i had the money to play that game i can tell you!!

Brown Bomber

weisses wrote: »

What i would like to see is the behavior in stocks/gold/silver ... before big events and use that as an comparison

French bank Société Générale supposedly makes “a fortune” through trading, in response to the 9/11 attacks. This is according to rogue trader Jérôme Kerviel, who is employed by the bank between 2000 and 2008. In a 2009 interview with the French newspaper Le Parisien, Kerviel will say: “The best trading day in the history of Société Générale was September 11, 2001. At least, that’s what one of my managers told me.” He will add, “I don’t know how much they made, but apparently the gains were colossal.” Kerviel will not state how the bank makes these gains, but indicates it is through the short-selling of stock. He will continue the interview by saying, “I had a similar experience during the London attacks in July 2005” (see July 7, 2005), and then describe how he’d bet on a fall in the share price of German insurance company Allianz a few days before those attacks. The London bombings will cause the price of Allianz stock to crash, thereby earning Kerviel ”€500,000 in a few minutes.” [Evening Standard, 1/22/2009; London Times, 1/23/2009] Société Générale is France’s second largest bank, and one of the largest banks in Europe. URL="http://www.guardian.co.uk/business/2008/jan/24/creditcrunch.banking"]Guardian, 1/24/2008[/URL]; [URL="http://www.iht.com/articles/2008/01/24/business/socgen.php"]International Herald Tribune, 1/24/2008[/URL
========================================================

Early September 2001: Almost Irrefutable Proof of Insider Trading in Germany




Ernst Welteke. [Source: Publicity photo]German central bank president Ernst Welteke later reports that a study by his bank indicates, “There are ever clearer signs that there were activities on international financial markets that must have been carried out with the necessary expert knowledge,” not only in shares of heavily affected industries such as airlines and insurance companies, but also in gold and oil. URL="http://news.telegraph.co.uk/news/main.jhtml?xml=/news/2001/09/23/woil23.xml"]Daily Telegraph, 9/23/2001[/URL His researchers have found “almost irrefutable proof of insider trading.” URL="http://web.archive.org/web/20011030000143/www.miami.com/herald/special/news/worldtrade/digdocs/021340.htm"]Miami Herald, 9/24/2001[/URL “If you look at movements in markets before and after the attack, it makes your brow furrow. But it is extremely difficult to really verify it.” Nevertheless, he believes that “in one or the other case it will be possible to pinpoint the source.” URL="http://www.foxnews.com/story/0,2933,34910,00.html"]Fox News, 9/22/2001[/URL Welteke reports “a fundamentally inexplicable rise” in oil prices before the attacks URL="http://web.archive.org/web/20011030000143/www.miami.com/herald/special/news/worldtrade/digdocs/021340.htm"]Miami Herald, 9/24/2001[/URL and then a further rise of 13 percent the day after the attacks. Gold rises nonstop for days after the attacks. URL="http://news.telegraph.co.uk/news/main.jhtml?xml=/news/2001/09/23/woil23.xml"]Daily Telegraph, 9/23/2001[/URL

pacquiao

pacquiao wrote: »

i have been looking at gold charts since 2008 and i think i spotted something over the last few days which would suggest to me we are in for a huge crash just like in 2008.


here's gold in oct of 08th



here's gold today the 17th november





If you look at the chart of 08 i put in an up arrow showing the little rally up in price. Then the down arrow showing where it it a top and fell violently.
I think the same is happening today in the 11 chart above.
Oil is up over 25 dollars and is up today so perhaps there is a war just around the corner. We have heard this for the past few years, but maybe this time it is going to happen.

Time for the ecb to print print print !

It might not be over yet but here is that crash so far.

clever_name

nyarlothothep wrote: »

To fulfill the prophecy of Gog and Magog.

I think your in the wrong place, try here.

http://www.boards.ie/vbulletin/forumdisplay.php?f=526

pacquiao

pacquiao wrote: »

It might not be over yet but here is that crash so far.

Looks like gold and other commodities will crash for the first half of this year. Euro dollar to hit 1.20 looks very likely in the coming 2 or 3 months.

The Outside Agency

pacquiao wrote:

Looks like gold and other commodities will crash for the first half of this year. Euro dollar to hit 1.20 looks very likely in the coming 2 or 3 months.

So cash is king then?

Kashkari of PIMCO believes we need deleveraging process and cut to public expenditure through tax cuts.... (in the US this would be medicare/social security)

Predictable line from investor.

https://www.youtube.com/watch?v=KO5Q8q9XR2U

Roubini said the best place to invest right now is in cash.

https://www.youtube.com/watch?v=S56g53CaZBo

Gold / Silver are heading down.

pacquiao

Th EURO/USD is dropping but gold has started it's move up along with oil and other commodities.
I didn't expect gold to move inversely of the usd. This is very very bullish.




This chart is the gold price overlay on the euro/usd .
The black line is the gold and the green and red is the euro/usd.

Having 100% in cash is not very smart. But he will protect his wealth in the short term and also make a good return.The usd is getting stronger on purpose.When they're done they will thrash the dollar and the euro will get stronger. The Chinese are going to become massive consumers just like in the us. They have to, as we can't afford to consume the way we we're, so china has no other choice but to turn it's population into massive consumers. I'm not sure on the exact number, but Americas consumers are something like over 60% of their GDP. China on the other hand is about 15%? Even the Chinese mentioned lately they want to build on that at a rate of 15% a year.

For anyone know doesn't realize how massive that is,just look at how exponential function works.
If you have 1% growth per year you divide that into 70 to get how long it takes for it to double.
If Ireland had 1 million people at a growth rate of 1%, our population would be 2 million or double in 70 years. For a rate of 2% growth it would only take 35 years to double.
So every 4.6 years the Chinese will double their consumption of goods.

stuar

Not much of an economist, but I believe markets are manipulated by those that control them.
Gold was deliberately taken down in price so the elite can buy as much as possible cheap before it quadruples in value when money is soon worthless paper????

pacquiao

I'm not either.
Usually since the commodities are priced in dollars, when the dollar gets stronger,commodities in us dollars get weaker. Since europe is devaluing the currency,everyone rushes into the dollar. Think Supply and demand.
If you sit down and think about the situation and use your common sense,you will see things a lot clearer.

Jonny7

stuar wrote: »

Not much of an economist, but I believe markets are manipulated by those that control them.
Gold was deliberately taken down in price so the elite can buy as much as possible cheap before it quadruples in value when money is soon worthless paper????

Hmmmmmm..

By how much was gold "deliberately" dropped? when will it "quadruple" in price? if you aren't an economist where did you read this, link the source please.

pacquiao

Gold couldn't get over 1640 today at all. I doubt this drop has hit it's bottom yet.

stuar

Jonny7 wrote: »

Hmmmmmm..

By how much was gold "deliberately" dropped? when will it "quadruple" in price? if you aren't an economist where did you read this, link the source please.

I'll give you two quotes and one link, the rest you can do yourself, how's that, have a good read!

Quote:1

This role is not, to our knowledge, in question. Gold is what you want when they seal the borders and you need to get across; it’s what’s accepted when there’s blood in the streets and nothing else flies.

Quote:2

... gold still represents the ultimate form of payment in the world. It's interesting that Germany could buy materials during the war only with gold. In extremis fiat money is accepted by nobody and gold is always accepted and is the ultimate means of payment…

Lord Greenspan, Tsar of All the Monies

Link:
http://www.goldensextant.com/


Added just for laughs.....





See what I'm getting at?

Jonny7

No I don't see what you are getting at.

1. By how much was gold deliberately dropped in price?
2. Over which period of time did this happen?
3. When will it quadruple in price?
4. How long will it take (roughly) to quadruple in price?

I've noticed that sometimes posters here get aggressive or whatever when asked for details so I've kept it as simple as possible.

stuar

Jonny7 wrote: »

No I don't see what you are getting at.

1. By how much was gold deliberately dropped in price?
2. Over which period of time did this happen?
3. When will it quadruple in price?
4. How long will it take (roughly) to quadruple in price?

I've noticed that sometimes posters here get aggressive or whatever when asked for details so I've kept it as simple as possible.

1. I don't know
2. Throughout history
3. When the monetary system collapes
4. Quadruple is an understatement, maybe overnight, maybe over a period of time.

I'm no economist as I stated, this is my interpretation of why the price of gold is falling, all that "we buy gold" thats going on is to take as much of this precious metal out of circulation, there is more gold on paper than physically exists.

Economists speculate, I'm speculating, there are no definate answers to your questions, if you knew that then you wouldn't be asking for me to prove instincts because thats what they are, so no more silly questions.

Have a good read of the link I provided, don't ask "when will the monetary system collapse?", I dont have the date in my diary, but ask the economists can the monetary system collapse, because simple maths will show it can and does.

Thats me done on this subject for now, I gave my view of it, now if you want you can prove me wrong with links of your own and facts of your own, but really read the link and you'll read quotes from the leading world economists that prove what I say is not at all "out there".

It's my opinion, same as 9/11 was an inside job, but can I give you solid proof, no, so save your time and dont ask, if you want to reply I'll repeat, reply with evidence that my opinion is wrong, no more tit for tat, and since you'll be reading this get back to some of the other threads you ran from.

When I'm vindicated we won't be using boards.

juan.kerr

OP, has this happened yet?

Jonny7

stuar wrote: »

1. I don't know
2. Throughout history
3. When the monetary system collapes
4. Quadruple is an understatement, maybe overnight, maybe over a period of time.

I'm no economist as I stated, this is my interpretation of why the price of gold is falling, all that "we buy gold" thats going on is to take as much of this precious metal out of circulation, there is more gold on paper than physically exists.

Economists speculate, I'm speculating, there are no definate answers to your questions, if you knew that then you wouldn't be asking for me to prove instincts because thats what they are, so no more silly questions.

Have a good read of the link I provided, don't ask "when will the monetary system collapse?", I dont have the date in my diary, but ask the economists can the monetary system collapse, because simple maths will show it can and does.

Thats me done on this subject for now, I gave my view of it, now if you want you can prove me wrong with links of your own and facts of your own, but really read the link and you'll read quotes from the leading world economists that prove what I say is not at all "out there".

It's my opinion, same as 9/11 was an inside job, but can I give you solid proof, no, so save your time and dont ask, if you want to reply I'll repeat, reply with evidence that my opinion is wrong, no more tit for tat, and since you'll be reading this get back to some of the other threads you ran from.

When I'm vindicated we won't be using boards.

A rather strange defensive post, relax I'm just asking questions.

Thanks for actually replying with your opinion rather than the opinion of others (via video, blogs, pictures, etc)

You originally said
"but I believe markets are manipulated by those that control them.
Gold was deliberately taken down in price so the elite can buy as much as possible cheap before it quadruples in value when money is soon worthless paper"

You haven't backed up that statement in any way yet.

If you have an opinion that isn't based on fact, what is it based on? suspicion?

Also, I am curious, can you show me the threads I have "run away from"? another bizarre statement.

stuar

Jonny7 wrote: »

A rather strange defensive post, relax I'm just asking questions.

Thanks for actually replying with your opinion rather than the opinion of others (via video, blogs, pictures, etc)

You originally said
"but I believe markets are manipulated by those that control them.
Gold was deliberately taken down in price so the elite can buy as much as possible cheap before it quadruples in value when money is soon worthless paper"

You haven't backed up that statement in any way yet.

If you have an opinion that isn't based on fact, what is it based on? suspicion?

Also, I am curious, can you show me the threads I have "run away from"? another bizarre statement.

Jonny read this:
http://www.fgmr.com/new-dynamic-in-the-gold-market.html

The CFTC hearing confirmed what GATA has been saying all along, that the gold market is being manipulated. To achieve this manipulation, the gold cartel has accumulated a huge short position. Importantly, the hearing confirmed that the gold cartel’s huge short positions are ‘naked’, meaning that these positions are not hedged. More to the point, the CFTC hearing revealed that there is 100-times more paper-gold outstanding than physical gold.

Thats the manipulation part out of the way, Gold prices ARE manipulated!

The threads you were actively engaged in then dissappeared from are probably many, I'll highlight two recent ones I was expecting to see you return to.

http://www.boards.ie/vbulletin/showthread.php?t=2056357494&page=3

http://www.boards.ie/vbulletin/showthread.php?t=2056493862&page=2

You could have came back to them and apologised for being so wrong again, and after reading my link, admit your wrong yet again.

Jonny7

stuar wrote: »

Jonny read this:

Don't spam posters with "read this", "watch this". Ctrl-c, Ctrl-v. I'm not interested in debate that contains spam, because once I address the spam, there'll only be more of it.

Something I've learn through experience here

The threads you were actively engaged in then dissappeared from are probably many, I'll highlight two recent ones I was expecting to see you return to.

http://www.boards.ie/vbulletin/showthread.php?t=2056357494&page=3

I made my point. "The Real News" is nothing to do with news, its to do with maligning the US, Israel or the financial system.

Look at their youtube channel
http://www.youtube.com/user/TheRealNews?blend=1&ob=video-mustangbase

Its not "real news". End of story.

http://www.boards.ie/vbulletin/showthread.php?t=2056493862&page=2

You could have came back to them and apologised for being so wrong again, and after reading my link, admit your wrong yet again.

haha I didn't even check back on that one, I'll reply to it now.

stuar

Jonny7 wrote: »

Don't spam posters with "read this", "watch this". Ctrl-c, Ctrl-v. I'm not interested in debate that contains spam, because once I address the spam, there'll only be more of it.

Something I've learn through experience here .

Ok sorry for coming across so spammy, won't do it again.:)

Jonny7 wrote: »

I made my point. "The Real News" is nothing to do with news, its to do with maligning the US, Israel or the financial system..

I had a quick look at the 3 links you posted and can you please show something that is not real news, looks real to me.

Jonny7 wrote: »

Look at their youtube channel
http://www.youtube.com/user/TheRealNews?blend=1&ob=video-mustangbase

Its not "real news". End of story..

Dont spam me, read this, look at that.:)

Again point one piece that isnt real news from that link, because what I've seen there I've come across on other news sites.

Jonny7 wrote: »

haha I didn't even check back on that one, I'll reply to it now.

I thanked you, any more to add?

Jonny7

stuar wrote: »

Again point one piece that isnt real news from that link, because what I've seen there I've come across on other news sites.

This thread is about a massive crash in a few days, which hasn't happened. This has turned juvenile and tit-for-tat. No thanks.

CyberJuice

any news on this crash that was meant to happen? i guess it hasnt happened yet so how does the op feel now knowing that he was wrong all along

shedweller

CyberJuice wrote: »

any news on this crash that was meant to happen? i guess it hasnt happened yet so how does the op feel now knowing that he was wrong all along

Hang in there, it's on it's way!:)

MrStuffins

shedweller wrote: »

Hang in there, it's on it's way!:)

I'm pretty sure "a few days" has expired though.

Nice try!

AngryBollix

nyarlothothep wrote: »

To fulfill the prophecy of Gog and Magog Magoo.

Fyp

cgarrad

No crash thanks to this chart.



Mega crash when it a ends.

cgarrad

He could be right!



Not a good chart at all!!!

hooradiation

CyberJuice wrote: »

any news on this crash that was meant to happen? i guess it hasnt happened yet so how does the op feel now knowing that he was wrong all along

Though you could argue that if they keep making the same prediction they'll eventually be correct.

cgarrad

More weird/unsettling charts...



42 mbpd to 31 mbpd in 2 months????

Something big is going on.....

shedweller

cgarrad wrote: »

More weird/unsettling charts...



42 mbpd to 31 mbpd in 2 months????

Something big is going on.....

Not at all! There's nothing to see here!!:):rolleyes:

Jonny7

shedweller wrote: »

Not at all! There's nothing to see here!!:):rolleyes:

There isn't, demand is falling.

If there was, financial markets would be reflecting the concern right away.

ronsgonawin

I can see your point