Ags are looking very good.  AGU, IPI and MOS have already broken out and target much higher.

Last couple of weeks, Cramer on Randgold Resources..BUY<BUY<BUY...Today, stock is onkly gold stock down and down over 4%..what does Cramer say..."this mine in the Ivory Coast is a disaster numbers have to come down" Thanks Jim!!

In September, China's monthly purchases were almost half of what they were for ALL of 2010.   Will only continue!!

http://www.zerohedge.com/news/china-takes-advantage-september-gold-price-drop-imports-record-amount-gold

I think to be accurate, bull/bear flags should form with no kore than 20 trading periods.  So on the daily, once you get by 20 days it is no longer a "valid" pattern whether it be a bull or bear flag.

Wouldn't neccesarily right something like this off too quickly.  The author doesn't mention the word "hyperinflation"  but that is what we are going to have.  It is already set in motion.  Take a look at a chart of stock prices in Germany from 1920-1923 during the Weimar Republic.  In 1919 if someone had saind the German stock market would go to 100,000 he would have been a nut!  Stock prices eventually rose to close to 50,000,000,000! Thats 50 billion with a B.  So in that environment 100,000 may be conservative.

The cost was equivalent to $1 in eps.  Hence if it should sell at 11 times earnings you take $11 off the share price.   Also, the mine that they shut had 1.6 million ounces and a 10 year life  so approximately 160,000 ounces a year. AEM was expected to produce 958,000 ounces this year.  The loss of the mine was 16.7%  of their 2011 mine production.  Still with gold at $1650 still AEMand ALL the gold/silver shares seem VERY undervalued!

Have been buying from Tulving since '01.  They are great.  Best prices, but higher minimums.  Have bought from APMEX as well.  Higher premiums, but able to buy in smaller quantities if you want.

Take a look at you tube under tom o'brien cnbc and take a look at his previous calls.  He has been wrong EVERY time he has been on cnbc.  Has been looking for a correction since $1200.  Very funny stuff.

Has to be today.  CNBC talking heads have had a "Day long series looking at Hard Assets, specifiacally Gold and Silver"  The mouth pieces have had nothing but negative speakers on all day.    Also, Gold and Silver have been making new lows, but the stocks are mixed and have been acting very well especially given that the overall market is weak.  Just put a lot of $ into indivual issues.

Here are the links to the 40 year Gold seasonal and the 37 year silver seasonal. Wouldn't look at anything less as these two include the 70's price action.

http://www.seasonalcharts.com/classics_gold.html

http://www.seasonalcharts.com/classics_silber.html

Wouldn't bet the ranch on gold and silver seasonals.  April is a "flat" month from a seasonal standpoint.  Gold was up 8% in April.  And actually, Gold is pretty much seasonally strong into early June then weakens.  Silver is only strong to mid-may then very weak  into the end of june.

Expanded their resource estimates in nevada.  news is out.

Before beginning, Adrian Douglas of GATA and Market Force Analysis has just commented that the options exercised in gold for the month of May totalled an astronomical 18,366 or 1.8366 million oz of gold. In silver he announced that 21,721 contracts or 108 million oz of silver were exercised.
If this is true, either Blythe asks the Fed to start printing massive dollars or the Comex goes belly-up.
I am in the process of verifying this and I will inform you.  If true this is a major development.

here is Adrian's comments:


In a stunning development yesterday 18,366 MAY GOLD CALL options were EXERCISED for futures contracts and 21,721 MAY SILVER CALL options were EXERCISED for futures. If these are not settled in a backroom cash deal for large premiums a default is looming!
Cheers
Adrian

Anyone want the silver back that they sold the last couple of days?  Sorry, can't have it!

This would be his 2nd attempt at calling the top.  The first on on 3/25 worked out well as silver has gone up 25% plus since then. 

For those who are calling for a top in Silver and a bottom in ZSL you may want to take a look at the UNG chart from May 2008 to today.  Going on 3 years now!  You know when people started calling for a bottom in UNG?  Summer of 2008.  There were massive positive divergences then, and there have continued to be for close to 2 1/2 years.  Unfortunately, for Nat Gas, the fundamentals sucked, and fundamentals will always trump technicals.  Also look at how in March of 2009 the volume in UNG exploded.  THAT was going to be a major bottom too!  Didn't happen.  Volume has been huge ever since.  Overlying the charts it looks as if we will have another 6-7 months of  "top callers" in Silver and "bottom" callers in ZSL. 

A funny one  from Zero Hedge....An Ounce of Silver now is more expensive than a share of JP Morgan.

No such thing as support in a bear market.

For those short silver, whether it be SLV or AGQ or whatever etf it is should realize that our stock market is closed for good friday and certain entities LOVE to stick it to people over 3-day weekends when peopl can't do anything about it.  Also you can not trade these etf's until Monday morning.  The Spot Silver market is open tomorrow and opens again Sunday at 6 pm.  By the time you wake up Monday Morning Silver could be at $50  for whatever reason.  Just a thought.

Where are you going to get the borrow?