Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
i think they are milestones for the POG. although not infallible steps that are not broken to fall lower.
we are seeing a big sell-off from his latest angel (1681) which is often common. less common, IMHO was the quick move through a few from 1600.
he felt that ~2300 was the highest that the POG was going which is roughly an inflation adjusted level of the POG in 1980. he now feels that this is actually not as high as gold will go. he has in the past few years been hinting at what Martin Armstrong and Alf Fields are preaching which is a much higher POG.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Still off less than 1% from yesterday's close. Doing a lot better than a lot of other investments.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Sinclair has tagged the $1764 angel with special significance. That's the point that all confidence in fiat currencies is lost....and another bout of acceleration begins. Basically above $1764 the sky is the limit.
$1650 has never been an "angel," just Sinclair's 6-10 yr target number. That was a number he conceived back as far as 2002 in order to balance our sovereign debt. Unfortunately our Sov. debt has increased a lot since then. Now that number is >$7,000/oz. JS says he adapted the angel's system from a sequence that early 20th century trader Jesse Livermore used on new stock issues. He calls it some type of "squares" system but once the $1024 angel was hit, it has just been a sequence of sequential and additive odd integers commencing with +65....hence $1089, etc. We're now up to using +$83 as the next integer.
Shades of January 1980? I would bail but I feel we are just beginning, albeit a long one. Once you get your head around the trillions and trillions of debt and the virtual vacuum of 'common sense' in DC I don't see any light at the end of the tunnel. My sentiment was confirm by Jim Rogers who said today there is still a 20-25 year uptick on commodities. Keep stackin'.
Comments
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<< <i>Another Sinclair "angel" taken out at $1681. They are dropping like flies since the $1600 angel was retired. Next angel..... $1764.
roadrunner >>
he did remind us of volatility between 1600? and 1764? i think that was yesterday.
nothing surpries me. yet the channel is seeming to steepen and more QE seems to be a neccesity
<< <i>I find it interesting that PM's are going up and the equities are going down.
Very different than the Fall and Winter of 2008 where stocks and PM's both fell together. >>
And now they are both in a nose dive. Must be the global warming effect.
<< <i>Tell us more about these "angels."
. >>
angels are here somewhere
i think they are milestones for the POG. although not infallible steps that are not broken to fall lower.
we are seeing a big sell-off from his latest angel (1681) which is often common. less common, IMHO was the quick move through a few from 1600.
he felt that ~2300 was the highest that the POG was going which is roughly an inflation adjusted level of the POG in 1980. he now feels that this is actually not as high as gold will go. he has in the past few years been hinting at what Martin Armstrong and Alf Fields are preaching which is a much higher POG.
hope that helps a wee bit
<< <i>The only green in my protfolio today is CLCT. >>
Same here
<< <i>$1700 is in range..... Friday could be the day. Cheers, RickO >>
Wishful thinking, if anything it may drop below $1600.
Thus increasing the downward pressure.
<< <i>Were the margin requirements increased? >>
Just strong rumors right now.
Down $30 from the top.
How low will it go?
<< <i>Down $30 from the top.
How low will it go? >>
This should be about it. This retracement was very much needed to recharge the short term charts to continue upward movement.
roadrunner
In God We Trust.... all others pay in Gold and Silver!
<< <i>Sacred Feces, Batman!!!!!!!!!!
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
Sinclair has tagged the $1764 angel with special significance. That's the point that all confidence in fiat currencies is lost....and another bout of acceleration begins.
Basically above $1764 the sky is the limit.
$1650 has never been an "angel," just Sinclair's 6-10 yr target number. That was a number he conceived back as far as 2002 in order to balance our sovereign debt.
Unfortunately our Sov. debt has increased a lot since then. Now that number is >$7,000/oz. JS says he adapted the angel's system from a sequence that early 20th
century trader Jesse Livermore used on new stock issues. He calls it some type of "squares" system but once the $1024 angel was hit, it has just been a sequence of
sequential and additive odd integers commencing with +65....hence $1089, etc. We're now up to using +$83 as the next integer.
roadrunner
and silver... down from the globex close.
<< <i>New highs today! 1787+ >>
ProofCollection, how could you always report new highs almost instantly all the time??
<< <i>The big ~1800!! >>
The big 1800 will seem very little down the road.
<< <i>
<< <i>The big ~1800!! >>
The big 1800 will seem very little down the road. >>
Fred, Las Vegas, NV
We are moving at super speed towards the unbelievable.
Miles
RIP the good old days.
$200 jump in 2 weeks, it's stunning
Many stocks do that and nobody gasps. Keep it in perspective. Besides, would you rather have paper right now?
I knew it would happen.
//////////////////////////////////////////////////////
My record here is full of "1980 warnings."
What is happening right now - and what is going to happen during the
next 60-days - is NOT "1980."
..........
bad things
Top Down
Botton Up
Inside Out
NO shades of 1980.
<< <i>ProofCollection, how could you always report new highs almost instantly all the time??
I trade futures so I always know - I have to know - the current POG...
<< <i>
<< <i>New highs today! 1787+ >>
ProofCollection, how could you always report new highs almost instantly all the time??
The man never sleeps....just watches net dania 24 hrs a day.
roadrunner
<< <i>The man never sleeps....just watches net dania 24 hrs a day. >>
Don't know what that is, I use my trading platform, ThinkorSwim.
$1201 down to $1,190 and back to $1,207 in about 30 minutes. Quite a day!
That was May 6, 2010.
15 months and $600+ later...