Ira Epstien's Jan 12 Gold Report

[Eat Beef]

http://www.iraepstein.com/uploads/Go...12,%202012.pdf


It's PDF, so no copy/paste, but the bottom line is that Gold is currently oversold, NOT imbedded. He's looking for a technical rally in the Euro, which would mean weakness in the USD and strength in Gold. Overall, he's nuetral, looking for a pullback to around 1605 for entry. His only hope for continued strength in Gold from here is something out of Iran.

It's short, and worth the click. I might add Gold is $20 off it's highs today.

[Joseph]

http://www.iraepstein.com/uploads/Go...12,%202012.pdf


It's PDF, so no copy/paste, but the bottom line is that Gold is currently oversold, NOT imbedded. He's looking for a technical rally in the Euro, which would mean weakness in the USD and strength in Gold. Overall, he's nuetral, looking for a pullback to around 1605 for entry. His only hope for continued strength in Gold from here is something out of Iran.

It's short, and worth the click. I might add Gold is $20 off it's highs today.

I just read the following from Jim Sinclair

http://www.jsmineset.com/

Are Sinclair and Epstein agreeing ?

[Eat Beef]

No, Ira is saying wait for a pullback and get a high probability entry. Sieligman is saying "buy now, before it's too late, too the moon", just like he was saying at $1900.

[Gcubed]

No, Ira is saying wait for a pullback and get a high probability entry. Sieligman is saying "buy now, before it's too late, too the moon", just like he was saying at $1900.

Please Beef! Quit pickin' on Seiligman. He didn't crown that accidental spawn with his name. Traders an' pumpers be two different animals.

[hoarder]

Epstein...Seligman...are we getting our PM investing advise from members of the banking tribe?

[Gcubed]

Epstein...Seligman...are we getting our PM investing advise from members of the banking tribe?

Buy aluminum!

[Eat Beef]

Epstein...Seligman...are we getting our PM investing advise from members of the banking tribe?

Where else would we get it? Did you not buy PMs when the Ratshields themselves set the fix?

[Joseph]

Please Beef! Quit pickin' on Seiligman. He didn't crown that accidental spawn with his name. Traders an' pumpers be two different animals.

Am I missing another GIM inside joke ( like everybody here has had an ungodly number of boating accidents) I posted a Jim Sinclair http://www.jsmineset.com/ article and Beef came back with Seiligman ?

[Gcubed]

Am I missing another GIM inside joke ( like everybody here has had an ungodly number of boating accidents) I posted a Jim Sinclair http://www.jsmineset.com/ article and Beef came back with Seiligman ?

Pedigree Sir, pedigree.

[Eat Beef]

Am I missing another GIM inside joke ( like everybody here has had an ungodly number of boating accidents) I posted a Jim Sinclair http://www.jsmineset.com/ article and Beef came back with Seiligman ?

"Jim Sinclair" is really a Seiligman. Seriously, you follow this "guru" and you don't know this?

[Strawboss]

Alf Fields just released a new missive that says the correction in gold is over (barring an oddball event) and that the next macro target is $4500

[Silver]

No, Ira is saying wait for a pullback and get a high probability entry. Sieligman is saying "buy now, before it's too late, too the moon", just like he was saying at $1900.

Sinclair started Mineset in 2003 - the year I went all in. The returns have been beyond all expectations. I can see no case for dismissing him as a flake. Did you follow his advice - no leverage, take delivery of gold, hold certificates if you buy mining companies. Pretty simple and many got rich from it.

Secondly, Sinclair was way out front about the derivative time bomb. He gave a very sound explanation of how the over the counter derivative market worked and what the consequences would be - all in evidence during the 07- 08 collapse and subsequent taxpayer bailout.

[Goldhedge]

Dear Jim,

This was posted at LeMetropole Cafe today. Is this the start of the storm?

“I just noticed today that two days ago Blackrock filed a 13G with the SEC, reporting a 10.4% ownership position in Agnico Eagle (AEM) stock. We won’t know for sure if this is part of a larger wave of big institutional money flowing into the extraordinarily cheap mining stock sector, but just like hedge funds are "monkey see, monkey do," big institutions tend to run in herds…”

CIGA Ed

[EO 11110]

true but stupid that euro and gold trend together - while being polar opposites

fubarcracy

[Eat Beef]

Sinclair started Mineset in 2003 - the year I went all in. The returns have been beyond all expectations. I can see no case for dismissing him as a flake.

Big deal. If he was prescient like most of his followers believe, he should have started it in 00 or 01. I've never dismissed him as a flake, I've pointed out that he is a fraud, albeit a smoother operator than Hommel.

Did you follow his advice - no leverage, take delivery of gold, hold certificates if you buy mining companies. Pretty simple and many got rich from it.

I went all in before I even heard of Jim Sinclair. I have never "taken his advice", though I have made moves similar to what he advises. The "hold certificates thing is complete rubbish, but I guess it makes you look good with shortsighted people who need a guru.

Secondly, Sinclair was way out front about the derivative time bomb. He gave a very sound explanation of how the over the counter derivative market worked and what the consequences would be - all in evidence during the 07- 08 collapse and subsequent taxpayer bailout.

I was also "way out front" about derivatives. Perhaps folks should worship me?

Sincliar has been making an untold fortune shorting his own company while telling his readers "buy, buy, buy". That causes me to view anything he says and especially his ardent supporters with scrutiny.

[Nero]

I was also "way out front" about derivatives. Perhaps folks should worship me?

Sincliar has been making an untold fortune shorting his own company while telling his readers "buy, buy, buy". That causes me to view anything he says and especially his ardent supporters with scrutiny.

Got Any Proof?

[Lugnutzpop]

http://www.iraepstein.com/uploads/Go...12,%202012.pdf


It's PDF, so no copy/paste, but the bottom line is that Gold is currently oversold, NOT imbedded. He's looking for a technical rally in the Euro, which would mean weakness in the USD and strength in Gold. Overall, he's nuetral, looking for a pullback to around 1605 for entry. His only hope for continued strength in Gold from here is something out of Iran.

It's short, and worth the click. I might add Gold is $20 off it's highs today.

I started subscribing to Ira's emails about 1 1/2 years ago, just to try to learn something about technicals.... I always wondered what people thought about him, and his accuracy.

This is the first time I have seen ANYONE mention his name.....The local moneybags that I work for trade rediculously, they never talk of him, two have said they'd never heard of him.

-L

[Eat Beef]

I started subscribing to Ira's emails about 1 1/2 years ago, just to try to learn something about technicals.... I always wondered what people thought about him, and his accuracy.

This is the first time I have seen ANYONE mention his name.....The local moneybags that I work for trade rediculously, they never talk of him, two have said they'd never heard of him.

-L

Ira's like everyone else, he wins some and he loses some. He's good at picking supply and resistance points, and AFAIK he's the father of imbedded stochastics. I don't follow anyone blindly (including myself, I hope), but I check his freebies out. I'm not sending ANYONE a check...