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Charmin

Monthly Digger - May 2011

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Armstrong has written a lot, this from 2/19/11...

 

post-1024-13046570738684.jpg

 

Sinclair seem to be more of a fundamentalist than a chart guy, that hurts more than helps lately. Missed his own target in January, never really mentions silver as an investment or play just buy and hold gold and shares no matter what.

 

Just silver just did a year's worth of strange things besides its action the last couple weeks. More strange things to come in all areas when big money decides to play.

 

Should have an round of deflation right now and when it ends that will be the last of cheap product prices for awhile, cheap compared to what they are going to be.

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here is the armstrong piece whadda is referring to

http://www.martinarmstrong.org/files/how%20and%20when%2003-01-2011.pdf

it sure smelled of forced liquidation today, someone/hedgie bit the bullet.

there was capitulation today. is it over? i dont know but 1460 was good support. @the least we get a good retracement, @best the upside is not finished yet. there is lots of time between now and june. and marty is not always correct. sinclair had a good piece about that today.

me, i am assuming the top is not in, this was another shakeout. w/some fund biting the dust

dharma

 

 

Hmm Strange but I am thinking exactly the same thing and when I am wrong it is going to hurt because I am 100% in now.

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The Doomed House TA

gold to 1290 :ninja:

So we seem to have two camps gold low in june and gold high in june

Maybe we have both ? One after the other , but even then it is not clear wheather the high or low comes first ?

 

http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=126506&sn=Detail&pid=110649

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A lot of talk about spots but little talk about mining shares and shares only seem to react to the downside and not the upside lately. Most shares never checked their highs. RGLD and other dividend payers should weather the storm a bit better for the next couple of months, not that there is any real money to be made holding them at this time.

 

Only about a month and a half to go to find out about that low or not.

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SilverDoctors

While it appears that the COMEX will be able to survive May delivery in silver, Blythe and friends may not be able to kick the can down the road much longer.

In 2009, total COMEX registered silver supplies were 87.4 million ounces. Fast forward to May 2011, and registered silver supplies are now 33.2 million ounces.

This is a drop of 54.2 million ounces in registered silver supplies in 2 years, or an average drop of 27 million ounces/ year!

Translation: the end game in the silver manipulation may well arrive in the next year.

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james dines

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/5/7_James_Dines.html

 

well , if you ever felt the exchanges in ny were not honest.

US commodities gold market in trouble as Hong Kong competitor to open

http://www.examiner.com/finance-examiner-i...petitor-to-open

an angry ted butler

http://news.silverseek.com/SilverSeek/1304873055.php

dharma

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Short term, the charts on most of my miners looks Dover Sole. As usual, long term still looks good, don't know what to expect next two months, Nervous like some of the good traders have said, that the miners are not really going up with gold. Still in about 103%. Any break down this week, I will then lighten up to about 75%.

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Well that was quick, bailed out of some stuff, down to 75%, got some core stuff in case there is a double bottom in Gold at 1470. 30% miner smack down this summer? L8

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So, is 34 a retested bottom in silver?

 

Since $35 was already violated $30 would be a firm bottoming, need some base building somewhere in here. About 30 more days to find out.

 

I'm at 25% cash and have an urge to go to 50% cash just can't do it.

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