The NOISE:
1. Debt-Ceiling Theatrics - who cares? They can only print more cash etc.
2. The "Gold is over" meme - great. Undo several thousands of years of history for a modern meme in a time of credit, credit... debt, debt, debt.
3. OMG SO many shares are doing better. Facebook can fall as fast it flew up. Same for Twitter. Same for Aus Shale, Solar etc. Look at uranium. Volatility is a constant. Same for Gold and Silver.
4. The 'Paper Gold price getting smashed' vs 'Price of Gold Support' Epic Struggle is in a stalemate. Yes, the paper gold price can be manipulated. Yes, there is demand for gold. If it's too hot in the kitchen, sell all your shares and sit on cash.
The SIGNAL:
1. The U.S. can not really taper. THE E.U. and Japan are in the same boat. More money = rising tide for gold (unless it is manipulated down again)
2. S&P500 1600. If the SP500 takes another dive then all the Ponzi schemes the sheep are into start to unravel; no rush, just a rush for the exits.
2. S&P500 1700. If the US 'recovers' and the share market rises, it is time for a new algo-driven high - and later will come a bigger fall. 6-9 months?
3. There is no political will to fix the system of credit creation, unless you have a proper hedge / insurance against paper money - gold.
For all the fellow Gold and Silver mine shareholders right now is the darkest hour before the dawn. So be it.
Jesse Livermore: ‘Men Who Can Both Be Right & Sit Tight Are Uncommon’
http://goldpricefuturepredictions.com/?q=content/october-2013-debt-ceiling-gold-price-prediction
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