Hawk's Gold ~ The Legend Continues!

**lunar** · 10-12-2010 04:02 PM

Goldman Tells Clients To Buy COMEX Gold At $1,364.2, Raises 12 Month Gold Forecast From $1,365 To $1,650, Silver To $27.60

Submitted by Tyler Durden on 10/12/2010 08:39 -0500

Alarm bells are ringing everywhere as Goldman (which joins UniCredit in boosting its gold price target) may have just picked the short-term top in gold, after it revised its 12 month target from $1,365 to $1,650. And while David Greely's track record is nowhere near as atrocious as that of Goldman's FX team which manages to top tick the EURUSD every single time, the fact that Goldman is now opening Long Gold recommendations (to go with its current trading recommendations of long Corn, Copper, Platinum and WTI) is reason for big worry. Recall which bank was getting its clients to go all in in crude 2008 when oil was $140+. We would be very cautious when Goldman is on "your" side of the trade. Nonetheless, the firm is pretty much spot on "We believe that a return to quantitative easing will act as a strong catalyst to carry gold prices to even higher levels."

GS

......come to the rainbow

**Zed** · 10-12-2010 05:15 PM

Originally Posted by lunar

Goldman Tells Clients To Buy COMEX Gold At $1,364.2, Raises 12 Month Gold Forecast From $1,365 To $1,650, Silver To $27.60

Submitted by Tyler Durden on 10/12/2010 08:39 -0500

Alarm bells are ringing everywhere as Goldman (which joins UniCredit in boosting its gold price target) may have just picked the short-term top in gold, after it revised its 12 month target from $1,365 to $1,650. And while David Greely's track record is nowhere near as atrocious as that of Goldman's FX team which manages to top tick the EURUSD every single time, the fact that Goldman is now opening Long Gold recommendations (to go with its current trading recommendations of long Corn, Copper, Platinum and WTI) is reason for big worry. Recall which bank was getting its clients to go all in in crude 2008 when oil was $140+. We would be very cautious when Goldman is on "your" side of the trade. Nonetheless, the firm is pretty much spot on "We believe that a return to quantitative easing will act as a strong catalyst to carry gold prices to even higher levels."

GS

......come to the rainbow

Goldman starts a little early... they where bullish oil into $100... then called, hmmmm

, summin silly like $200 as we broke $100. They like to get some runs on the board before the top, makes them look OK and sucks more weak longs into play for the final short party late this year or early next year.

Soooooooo accordingly, if we see them lift the target to POG 2K... be afraid, very afraid and tighten those stops up to tighty whitey tight!

**Hawkeye** · 10-13-2010 07:34 AM

This move up in Gold has yet to have any meaningful retrace the natural 50% fibbo is 1262 all is well if we can hold sideways then up sto has stayed above 80 and surge will come ...fwiw

**mike88** · 10-13-2010 01:22 PM

we will probably see a correction when interest rates rise and DC returns to sane monetary policy. covering leveraged short positions must be a major pain in the ass today. thanks for the chartwork hawk. long EXK silver stock, long physical metal in possession.

**lunar** · 10-13-2010 04:36 PM

Pre-Released - Jean-Marie Eveillard: Senior Adviser, Portfolio Management for First Eagle Funds - Jean-Marie has 40 years of experience in the financial industry and oversees $35 billion. He is one of the most respected value investors in the world. His track record and staying power haas been extraordinary. Jean-Marie has won many prestigious awards in his career including a Lifetime Achievement Award from Morningstar for building one of the most successful long-term records in the investment business.

Wednesday, October 13, 2010

Jean-Marie Eveillard

(....I think it's worth listening )
....gold is money, if gold doubles - may be silver triples, mining shares look relatively cheap.....they keep printing money until the $ collapses....
http://www.kingworldnews.com/kingwor...Eveillard.html

**Goldhedge** · 10-13-2010 10:05 PM

Hey does anyone know if title companies are publicly traded?

If so, got any tickers? I've been looking for them, but haven't
located any.

The reason I ask is it might become a 'golden' opportunity to
short the heck out of them when the mortgage mess gets going
and they have to cover their losses.

Thinking out the box....

Great! Thx Hawk.

I found some more using that one

FNF
CLGX
ORI
STC

**Hawkeye** · 10-13-2010 10:17 PM

Fidelity National Financial, Inc. (NYSE:FNF), Sorry don't know much about it ...fwiw

is a leading provider of title insurance, specialty insurance, claims management services and information services. FNF is one of the nation's largest title insurance companies through its title insurance underwriters - Fidelity National Title, Chicago Title, Ticor Title, Security Union Title and Alamo Title - that issue approximately 28 percent of all title insurance policies in the United States. FNF also provides flood insurance, personal lines insurance and home warranty insurance through its specialty insurance business. FNF also is a leading provider of outsourced claims management services to large corporate and public sector entities through its minority-owned subsidiary, Sedgwick CMS. FNF is also a leading information services company in the human resource, retail and transportation markets through another minority-owned subsidiary, Ceridian Corporation. More information about FNF can be found at www.fnf.com.

Surge is alive and well ...stone cold sober as a matter of fact ...lmao..

**Hawkeye** · 10-13-2010 10:38 PM

It really would be nice for things to get out of hand here ...just for chitz and giggles take Gold to a higher level of Zen or Zed

**Hawkeye** · 10-13-2010 10:44 PM

It's a gusher ................................

THIS DESERVES A LONG TERM CHART ..FWIW

**DrStrangelove** · 10-13-2010 10:59 PM

Things happening very quickly now...

**Zed** · 10-13-2010 11:55 PM

Originally Posted by Hawkeye

It really would be nice for things to get out of hand here ...just for chitz and giggles take Gold to a higher level of Zen or Zed

Its looking so sick... I'd have thought this dog could scratch itself but? POG $1400???!

**Hawkeye** · 10-14-2010 12:02 AM

Originally Posted by Zed

Its looking so sick... I'd have thought this dog could scratch itself but? POG $1400???!

You wanna know what's really scary?

If you look at the two long term charts for Gold and Swingin, what we are looking at.... now get this .....is just the base being built for to carry the bulk of the run ....can yo see it? or do I HAVE TA MAKE A CHART FOR YAH? ...lmao

**Zed** · 10-14-2010 12:10 AM

Do the chart, do the chart, do the chart, do the chart, do the chart, do the chart, do the chart, do the chart, do the chart, do the chart, do the chart, do the chart, do the chart!

**DrStrangelove** · 10-14-2010 12:13 AM

What Zed said...!

**Zed** · 10-14-2010 12:18 AM

Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet?

BTW: Gooday' Bruce!

It will make sense to you some time later.

**the wave** · 10-14-2010 12:29 AM

According to Armstrong, $1440 to $1480 is the primary trend line. If we break that, we have explosive move up in gold price. For anyone who has not read Mr. A, then he had also mentioned that agriculture is getting interesting.

**Zed** · 10-14-2010 12:39 AM

That is novel, approaching a trendline from BELOW! I'd be calling it a channel top or summin like that, typically a trend is considered a baseline.

**Goldhedge** · 10-14-2010 12:41 AM

Originally Posted by Hawkeye

You wanna know what's really scary?

or do I HAVE TA MAKE A CHART FOR YAH? ...lmao

I'm into visuals...voyeristically speaking....

**the wave** · 10-14-2010 11:03 AM

Originally Posted by Zed

That is novel, approaching a trendline from BELOW! I'd be calling it a channel top or summin like that, typically a trend is considered a baseline.

Lets just call it the primary trend channel . There you happy ?

**scofield** · 10-14-2010 12:31 PM

Still waiting for da "basing" chart..... zzzzzzzz...................

**lunar** · 10-14-2010 03:53 PM

...and gold keeps shining

Attachment 4348

**Zed** · 10-14-2010 05:58 PM

Originally Posted by the wave

Lets just call it the primary trend channel . There you happy ?

Yes...

Otherwise you be talking chit.

**Hawkeye** · 10-14-2010 10:10 PM

Originally Posted by Zed

Yes...

Otherwise you be talking chit.

Absolutely no talkin chit on this thread please

**Zed** · 10-15-2010 12:18 AM

Originally Posted by Hawkeye

Absolutely no talkin chit on this thread please

but please Mr Hawkeye, please can I still post..... I will be good

**Master_Ho** · 10-15-2010 01:28 AM

Originally Posted by lunar

...and gold keeps shining

Attachment 4348

THIS WAS THE BEST CHART YET!!!!

BUT PLEASE MAKE THE CHART - cause as someone who rode this in the 70's-80's...I can feel it - I wanna see it!!!!!

**Zed** · 10-15-2010 01:56 AM

You could say I was inspired by the moon...

or its just horny...

or I am sick...

take your pick.

**Master_Ho** · 10-15-2010 02:06 AM

My apologies in droves..............

I could only hit the thanks button once!

**Zed** · 10-15-2010 07:29 AM

Originally Posted by Zed

You could say I was inspired by the moon...

or its just horny...

or I am sick...

take your pick.

BTW Hawkeye... dats what I call a basing chart!

well... plus a little extra!

**KGMe** · 10-15-2010 07:37 AM

Gotta love how the lines follow the curves.

**DrStrangelove** · 10-15-2010 08:36 AM

Originally Posted by KGMe

Gotta love how the lines follow the curves.

Bull market in the bare necessities...

**lunar** · 10-17-2010 07:32 AM

Originally Posted by Hawkeye

....or do I HAVE TA MAKE A CHART FOR YAH? ...lmao

http://www.kingworldnews.com/kingwor..._Rickards.html

**Hawkeye** · 10-19-2010 11:02 PM

**Zed** · 10-20-2010 12:23 AM

Cool charts Hawk!

**Zed** · 10-20-2010 08:13 AM

So...

How much more has the USD got in the tank...? Do you reckon we get 80...? I think we have a chance of stalling out sooner. There looks to me to be some mid channel static. Going to be an interesting session.

**Hawkeye** · 10-20-2010 11:28 PM

Originally Posted by Zed

So...

How much more has the USD got in the tank...? Do you reckon we get 80...? I think we have a chance of stalling out sooner. There looks to me to be some mid channel static. Going to be an interesting session.

**Hawkeye** · 10-20-2010 11:40 PM

Now "gang" we've just got to work this thing down to an over sold condition and ...well you know what's gonna happen ...fwiw...

**Zed** · 10-20-2010 11:58 PM

I reckon we should pull up around RSI/STO 50 if things don't get to ugly to fast with this whole mortgage gate thing... or anything else you crazy yanks might have in store! Its a bull trend after all... you normally tend to cycle in the top half of the momentum indicators ranges in that case.

**lunar** · 10-21-2010 03:37 AM

Originally Posted by Hawkeye

Now "gang" we've just got to work this thing down to an over sold condition and ...well you know what's gonna happen ...fwiw...

Hawkeye - and until it happens some more waves

**the wave** · 10-21-2010 07:50 AM

**the wave** · 10-21-2010 04:35 PM

**the wave** · 10-22-2010 07:05 AM

Time to watch some waves. Suns(soleil) up and keeping the thyme of French beauties going. P.S If you do get a riser out of this there is no riser in you !!!!

**lunar** · 10-23-2010 05:18 AM

<hr style="color: rgb(204, 204, 204);" size="1"> Where can we find 20,000 tonnes of gold?

Having broken out convincingly into new high ground, gold and silver have now paused for breath. Despite the sharpness of this weekâ€™s reaction, their performance indicates good underlying strength.

This is not to say there is no speculative froth â€“ of course there is. Rather, speculators play a distant second fiddle in this market. Bullion is still doing what it has been doing for the last year: when the commercials on Comex hit the price it backs off rapidly on little volume, until someone very big takes the opportunity to clean the market out. It becomes another ratchet on the torturerâ€™s rack for the commercial shorts, who find that every time this happens they end up being stretched further.

On last weekâ€™s rise there were early signs of panic, as the commercials attempted to reduce their exposure. However, the commercialsâ€™ net short position on Comex is still a very high 933 tonnes. Convention suggests that the commercials know best, and even if they have an extreme position, they will still crush you. And indeed, the big commercials, being too big to fail and with the comfort of the Fedâ€™s antipathy to gold, could increase their short positions even further. This is now developing into the biggest game of chicken the markets will probably ever see.......

...But what must have really got under the skin of the BIS is that it knows the real value of bullion is considerably in excess of the market price. It knows gold is underpriced, because the BIS and its senior members have been suppressing the price for the last forty years, which has resulted in an acute shortage of stock. But when they embarked on this course in the 1970s they would not have foreseen how gold would be made available to the masses through yet-to-be-invented ETFs; nor could they have foreseen the emergence of Russia and China from deep communism into aggressive capitalist-style development, generating hundreds of millions of new gold-loving savers. Consequently the old-guard BIS members have lost embarrassing quantities of bullion and cannot confess this to the markets. Presumably they had hoped that by withholding this information they could bluff it out; and they might have succeeded had it not been for the very serious financial and economic deterioration in the global economy, which raises the possibility of a Fed-induced dollar crisis, triggering new demand for physical bullion......

...So, before any pundit makes a price forecast, and before anyone lucky enough to own gold thinks about selling, they should dwell on this important question: in this extraordinary market where the central banks are at war, where the devil and at what price are we going to find 20,000 tonnes of gold?

http://www.financeandeconomics.org/A...nallocated.htm

Hoka

**Zed** · 10-23-2010 06:46 AM

Just down the back paddock mate, buried under the third blue gum to the right of the milking shed. You might have to dig a little, Old Mad Dog Miller put it down there, that lad could dig like a wombat on speed.

**Hawkeye** · 10-24-2010 10:45 AM

**lunar** · 10-26-2010 11:28 AM

<hr style="color: rgb(204, 204, 204);" size="1"> 26 October 2010

CFTC Commissioner Raises Alarm Over Silver Market Manipulation

The manipulation in the silver market with two or three banks holding enormous undeliverable short positions was obvious, for years.

The CFTC was complicit in turning a blind eye to this, stonewalling and whitewashing the corruption, as were many market commentators and participants. Ted Butler and GATA did a wonderful job of highlighting this enormous fraud but were ignored and even vilified for the past twelve years in the same vein as whistle blower Harry Markopolos was in raising concerns about Madoff's investment scheme.

Bart Chilton is speaking out as he said a few weeks ago he would if the CFTC was not making progress in correct this travesty. This is the sort of reform that the people were seeking when they swept the Democrats into office, a reform which they never received....

full story Posted by Jesse at <a class="timestamp-link" href="http://jessescrossroadscafe.blogspot.com/2010/10/cftc-commissioner-raises-alarm-over.html" rel="bookmark" title="permanent link"><abbr class="published" title="2010-10-26T09:51:00-04:00">9:51 AM</abbr>

**DonShimoda** · 10-26-2010 11:44 AM

Is it just me ...or is this HUGE news?

**lowcommotion** · 10-26-2010 12:24 PM

Originally Posted by DonShimoda

Is it just me ...or is this HUGE news?

It may be. Sure lit the fuse under silver for today
anyway.Be down tomorrow for OE. If I were Bart
I'd be looking to hire some body guards yesterday.
Da big boyz are not liking this unless they went
long which I suspect they did some time ago as
this market just seems to be behaving alot
different since August or is it just me?

**lunar** · 10-28-2010 12:31 PM

27 October 2010

JPM and HSBC Sued for Silver Market Manipulation

As I recall when Blanchard sued Barrick and JPM for manipulating the gold market one of the first motions to dismiss came from Barrick who claimed that they were acting at the behest of the government and the central banks.

I believe the law firm representing this was the one who was successful in the Sumitomo copper litigation.

Reuters
JPM and HSBC Sued for Alleged Silver Market Manipulation
By Jonathan Stempel

NEW YORK, Oct 27 (Reuters) - JPMorgan Chase & Co (JPM.N) and HSBC Holdings Plc (HSBA.L) were hit with two lawsuits on Wednesday by investors who accused them of conspiring to drive down silver prices, and reaping an estimated hundreds of millions of dollars of illegal profits.

The banks, among the world's largest, were accused of manipulating the market for COMEX silver futures and options contracts from the first half of 2008 by amassing huge short positions in silver futures contracts that are designed to profit when prices fall........

Posted by Jesse at <a class="timestamp-link" href="http://jessescrossroadscafe.blogspot.com/2010/10/jpm-and-hsbc-sued-for-silver-market.html" rel="bookmark" title="permanent link"><abbr class="published" title="2010-10-27T19:44:00-04:00">7:44 PM</abbr>

**Hawkeye** · 10-29-2010 11:43 AM

Originally Posted by Hawkeye

I think we might visit that red line support at least one more time......but then again we could launch here and now depending on the dollar ...fwiw

**the wave** · 10-29-2010 12:35 PM

Monthly gold chart should be lookin sweet !!! Whitecaps baby they be callin for wind .

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