Comments on: A Serious Dose of Reality for the Week Ending 11/22

By: The Prophetic View News! – November 24, 2006 « The Prophetic View News!

Tue, 24 Nov 2009 09:08:35 +0000

[...] A Serious Dose of Reality for the Week Ending [...]

By: alexsword

alexsword — Mon, 23 Nov 2009 16:44:03 +0000

Hi, John, this is alex sword.

Just in case, if you are interested – “The Day 1″ translation has been read so far by more than 20 thousands of readers in my LiveJournal blog per LJ counters.

And, I believe, the real number was even better because the translation was copied by some of our popular resources.

By: Jim ODonnell

Jim ODonnell — Mon, 23 Nov 2009 16:20:37 +0000

John, I agree with CIGA Glen, don’t get out at some predetermined price unless you are satisfied and want out. This is a once-in-liftime move in gold. It is their punishment for messing with the price over the years, violating the consitution and a general pay-back for being so stupid.

Traders have an old saying, “You don’t feed the ducks until they start quacking.” There is no quacking yet, far from it as the media is trying desperately to get everyone to ignor gold.

I leave everyone on a positive note which conveys more then I can in the images and lyrics of a song:

http://www.youtube.com/watch?v=ow1gS3m1ckM

By: glenfidd

glenfidd — Mon, 23 Nov 2009 05:48:08 +0000

Hi John,
You wrote,
“we shall see a pullback towards that support area only to be reversed to new highs in one final parabolic move above the $1800 level sometime next year.”

Don’t sell this gold bull short on one parabolic move to come. This is a concert with many different interludes to play out. Yes, it’s fair to expect an aggressive move in 2010 that takes us toward $1800… but, until any meaningful US policy, which has been proven to turn deficits towards surplus, is put in place, we are unlikely to see a stop in the US dollars decline.
In such a scenario, why would gold stop at a mere $1800… The ride will see many ups and downs. But, at some point, the US powers that be must instill confidence in the currency. With no real strong dollar policy, “The day the dollar died,” scenario is a possibility.
PS, looking forward to reading parts 4-15, or however long you can keep the DTDD story going. Very well done. A real pleasure to read.
All the best
CIGA Glen

By: Jim ODonnell

Jim ODonnell — Mon, 23 Nov 2009 05:44:41 +0000

Good analysis John. It is obvious that John is not an “analist” like most others that you hear.
I’ll just but-in with some oza stuff that you can consider. Zero [or minus] T-Bill rates can also signal other things, like a revaluation of the Yuan. This also explains gold which currently has a “Chinese Put Protection” and is currently trading at a new all-time record price above 1,160. I have no idea how high gold will go but the trend is UP and much higher. I’ve been in since 2002 so now I don’t care how high but I like the trend.
Beware gold ETF’s like GLD as they are “not gold” but are paper gold and may soon be worth as much as paper dollars. You can’t hardly buy actual gold [in-hand] in size anywhere now. I won’t go into the reasons but I don’t think there is any gold for sale at even these current prices. Central bank gold has [mostly] all been sold over the past 15 years. Ft Knox is empty, sorry Goldfinger.

By: Storm

Storm — Mon, 23 Nov 2009 04:32:14 +0000

John,

Thanks to you always for posting these comments here and elsewhere. I wish I could convey this information to family and friends it’s just not meant to be. So I study for myself, learn and prepare.

Your efforts are appreciated.

Stay safe.