Exactly. One is thereby keying in 2 sets of measurements, both of which maybe, or as some say are, Manipulated.
Once upon a time, citizens across the World recognized the value of Gold as a static measurement, ie., $20.00 per ounce. Today, with no universal gold standard, it’s anyone’s guess.
The current price of gold is not the true price? Should be two or three times higher.
I think most of you enjoy this.
…..So Simple to see if you are a Goldbug…so imposible if you are a Sheeple
“However it came out the size of a stamp, I need more instructions.”
I am not sure what you are saying. At what stage did it “come out the size of a stamp?” If it was “thumb nail size” after you uploaded to the tent, it is because on that tent page you have marked “thumbnail” to post the chart. When the post is up that thumbnail can be “clicked on” to expand it out to the normal size.
Those Carts show how well gold is doing against everything…But if you want the “Value” Chart of the Dow…for example…just reverse the $Gold:$Indu…..to $Indu:$Gold
stockcharts.com/h-sc/ui?s=:&p=D&id=p86128796312
As The Brilliant Goldrunner has said
The Dow has already dropped this decade from 45 to 10 vs an ounce of Gold
….
It has therefore lost 70% of its value…..as GR says…that is comparable to the Loss in the 30s already….it was down to 7 at the worst before this little bounce
Lots of people here expect it to be 1 (One) soon
Garic…
Almost all stock sentiment indicators from insider selling to investors intelligence are at bullish extremes. Insiders are selling at record percentage levels and investment letter writers etc. are bullish consistent with peaks. Hulbert’s Gold sentiment is at very low levels. The Gold stock charts are tight and explosive across the board. The currency charts are tight and explosive across the board. Yesterday, the Gold market bottomed first, the crude market bottomed second, the euro bottomed third and S&P’s last. For months the stock market has been leading other markets. Art Cashin and another CNBC analyst mentioned this fact this morning saying we are all going to have to be currency traders now. That is twice in two weeks the $ reversed down while stocks were still selling off. Once again this morning as Gold and the Euro made new high’s the stock market mysteriously sold off. So far Gold and the Euro have barely budged.
The financial markets have discounted a V recovery. My recent research verifies reversals in disposable personal income and year over year changes in jobless claims have been coincident indicators consistently at the very end of recessions. This morning Personal income was reported flat with June and equal to the lowest level of the recession. Jobless claims have come off their highs but the last few weeks have been disappointing at best. The ? is does the end of the recession cause them to reverse or does their reversal mark the end of the recession. My point is employment is going to be very critical here and now for the financial markets any disappointment in a recovery in unemployment and thus personal income could be the trigger for stocks and Gold. Since the beginning of quant easing/monetization in March Gold is virtually unchanged and the S&P’s are up 50%. I do not buy that if stocks reverse down, here Gold will necessarily follow it especially since twice in the past 2 weeks the opposite has occurred, with Gold rallying with stocks down and stocks reversing to catch up with the $ reversal. Is this foreign $ diversification, I think so. The game may be changing.
Meanwhile, the Fed bought an additional $30.1B in Treasuries, Mortgages and Agencies last week for a 2 week total of $100.7B. At a time when the street and the Fed are discussing exit strategies, the Fed has accelerated the monetization of the debt. I would expect that I am not the only one watching what they are doing and not what they are saying. The re-appointment of Ben Bernanke may have sent a clear message to the world that O’Bama is only interested in saving Wall Street, regardless of what he may tell saying publicly. The ROW may have lost its patience with Washington & Wall Street and the markets may be showing the emerging signs of a change that we can believe in.
***
by CalculatedRisk on 8/28/2009 09:19:00 PM
From the FDIC: Pacific Western Bank, San Diego, California, Assumes All of the Deposits of Affinity Bank, Ventura, California
Affinity Bank, Ventura, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. …
As of July 10, 2009, Affinity Bank had total assets of $1 billion and total deposits of approximately $922 million. …
The FDIC and Pacific Western Bank entered into a loss-share transaction on approximately $934 million of Affinity Bank’s assets. …
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $254 million. … Affinity Bank is the 84th FDIC-insured institution to fail in the nation this year, and the ninth in California. The last FDIC-insured institution closed in the state was Vineyard Bank, National Association, Rancho Cucamonga, on July 17, 2009.
A quarter of billion here, a quarter of a billion there …
GATA love this one from yesterday’s MIDAS…
*A veteran world-wide bullion trader, who sees the physical gold flows daily, has NEVER BEEN MORE BULLISH than RIGHT NOW.
***
Right on!
After all these years of watching The Gold Cartel in action, it’s hard to believe they can be even more obvious than in the past. But, they ARE. We made mention late last week and early this week that gold will have trouble while the US Treasury auctions are in play. Gold then trades exactly the same way FOUR DAYS in a row. Not more than a couple of hours after the final auction is over, the dollar takes a big tumble for no apparent reason and gold rallies $5 in the Access Market, which is a rarity, and then POPS this morning to challenge $960.
Now that the auction is over, gold began to build steam going into the Comex opening and then exploded, briefly taking out massive resistance at $960 in the process. However, we knew it wouldn’t be long before The Gold Cartel received its marching orders from cabal headquarters and were instructed to take the price back down. (I was on the phone with a colleague this morning when gold was flying and we both said at the same time that we might as well shut off our screens … that what we saw at that moment would be as good as it would get.) Gold then dropped $10 before making a decent recovery.
In addition, there is James Mc’s 2% Rule, which means gold would not be allowed to close higher than $965 today. $963.40 was the high EARLY offer. And, of course, a cabal mantra is to never let early excitement over a surging gold price be enhanced as the day wears on. Gold must not be allowed to make a new high after a monster early surge and, if possible, must be forced to drift down.
Why the POP this morning? In addition to the fundamentals and technicals being almost perfectly in line, there was this beauty circulated by Dave from Denver…
Barney Frank: Yes, We Will Pass Ron Paul’s “Audit The Fed” Bill
Joe Weisenthal|Aug. 28, 2009, 8:13 AM
www.businessinsider.com/barney-frank-yes-we-will-p
ass-ron-pauls-audit-the-fed-bill-2009-8
-END-
Note the time: 8:13. Gold took off within the next half hour. IF the Fed is really audited, there will most likely be some stunning revelations regarding their activity in the gold market and might reflect on the status of US gold reserves. ANY activity, or lessening of official gold reserves, will be a bombshell of epic financial proportions. Yes, this morning’s sharp move up could easily be a coincidence vis-à-vis this public announcement, but then again … maybe it has some of the in the know shorts a bit freaked. At least there is a shot for the Fed to be audited … perhaps a very good one.
Dave from Denver…
I believe this when I actually see the end result but apparently Barney Frank is working with Ron Paul on HR 1207 to audit the Fed:
www.businessinsider.com/barney-frank-yes-we-will-pass-ron-pauls-audit-the-fed-bill-2009-8
My bet would be that Frank is having some problems in re-election polls, as this is the first Town Hall meeting in which a Congressman has been asked about HR 1207 and everyone who knows about this Bill knows that Frank is the Chairman of the House Financial Services Committee, where he’s been sitting on the Bill. The question I have is why is it taking so long, given that the Bill has enough co-sponsers (282) to overwhelmingly pass a House vote?
***
There was another SUPER positive this morning. Silver lead the way, advancing three times more than gold. The past few weeks I have commented on the change in the way silver has been trading … that the new longs have been much more steadfast than in the past … suggesting they were in there for fundamental reasons and were not the same funds trading off of technical systems, thereby getting stopped out on price corrections. This could be the reason the silver open interest has not contracted as much as gold’s.
We know from the silver COT reports, the silver price managers have been digging in. We also know the concentrated short position (as in JP Morgan Chase) is greater in silver than gold. If the Fed is to be audited this fall and there are gold/silver revelations which are damaging to the Fed’s credibility, much less their honesty over the years, we could get some kind of shortcovering panic. In that case exiting from silver short positions will be much more difficult than covering gold shorts. Who will JP Morgan Chase and HSBC buy from?
The gold open interest went UP 1277 contracts to 375,221, not the liquidation I thought we might get. The silver open interest fell 191 contracts to 100,357.
Both gold and silver managed to uptick going into their closes as local traders covered when both precious metals didn’t do their usual late fade. For a Friday close, and with the Gold Cartel so omnipresent, this was impressive and sets up the potential for a BREAKOUT on Monday. Silver was particularly impressive, closing pennies off its early high. Time and time again we have seen silver sell off dramatically after an early explosive run. Not this time. Dave from Denver noted early on…
This is huge, especially since we still have 2 days (today and Monday) left in the “roll” from September silver to December silver. Usually silver gets hammered during the roll period. There were over 12k contract in September still open as of yesterday. It will be interesting to see how many remain after Monday for delivery. This is HUGELY bullish for silver
Re: Declan McCullagh… Thanks I’ll keep that in mind.
Beating Cancer
www.beating-cancer-gently.com/index.html
Canabis treats cancer
arch09.goldtent.net/2009/08/19/cannabis-treats-prostate-cancer-study-finds/
Doctor Yourself
www.doctoryourself.com/
IMDB Health and wellbeing
goldtent.net/phpbb_admin/login.php?redirect=viewforum.php&f=6&start=0&sid=eb6d84cfbadfabd63d4360c6c0d6bb95
Healthy Protocols
healthyprotocols.com/
Hemp Oil Cancer Cures
www.youtube.com/chrychek
Mass Murder By Vaccination
arch09.goldtent.net/2009/07/28/filed-criminal-charges-concerning-bioterrorism-and-attempts-to-commit-mass-murder/
MMS Info….Maya
arch09.goldtent.net/2009/07/12/goldpanner-338-am-mms/
Emu Oil amd RA
www.jointpainremedy.com/
Rheumatoid Arthritis
arch0708.goldtent.net/2008/03/27/rheumatoid-arthritis-treatment-and-cure/
Swine Flu fact or Fiction.//.Mercola
Tinnitus
www.ata.org/news-publications/news-publications-news
…We are Consolidating much of the links on the side bar…They are all still there within the Consolidated Links…
…..Less Clutter….
….In doing these new Compendiums…I am Impressed at the Caliber of the Charts just posted….each one a Gem with a story to tell….thanks to all who contributed these and all the links….Great Stuff here at this Oasis in the Desert !
Barrons LT Gold Index (Miners)
arch09.goldtent.net/2009/04/05/pm-fever-4/
CCI///Floridagold
tinyurl.com/2lomav
CDNX LT
stockcharts.com/h-sc/ui?s=&p=D&st=1998-01-01&en=1979-01-01&id=p86128796312
Dollar Vert LT
arch0708.goldtent.net/2008/09/08/buygoldjust-this-little-stupid-chart/
Dow Inflation Adjusted
www.geocities.com/cyclepro2/Charts/SP500/Dji176y0710.gif
Dow Jones World
goldtent.net/wp_gold/wp-content/uploads/2008/02/dow-jones.png
HUI the Big Picturw…Y2K Don
stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1842373&cmd=shows106805284&disp=P
Gold 1970 to 1980 PM fever
goldtent.net/wp_gold/wp-content/uploads/2009/04/gc1976btm.gif
Gold Around the World….Floridagold
arch0708.goldtent.net/2008/02/23/gold-around-the-world-8/
Gold COT
snalaska.net/cot/current/charts/GC.png
Gold Very LT
goldtent.net/wp_gold/wp-content/uploads/2008/11/big.gif
Gold vs Everything
arch0708.goldtent.net/2008/11/16/gold-vs-everythingstill-in-a-strong-bull-market-since-the-begining-of-the-new-milenium/
HUI and HUIGOLD
stockcharts.com/h-sc/ui?s=&p=60&yr=0&mn=3&dy=0&id=p28010830380&a=70416675&listNum=34
Juniors Metak Indices….Smart Investor
www.smartinvestment.ca/junior_indexes.html
Metals and Currencies…Perf Chart !
stockcharts.com/charts/performance/perf.html?,,,,,,,,,
Precious Metals Bullish Percent Index
www.technicalwatch.com/bpi/goldbpi.htm
Ticker Clout….Stockcharts Most Viewed Charts
stockcharts.com/charts/tickercloud.html
UK…House : Gold Ratio
goldtent.net/wp_gold/wp-content/uploads/2008/09/uk-housegold.gif
US Debt Chart
www.ritholtz.com/blog/wp-content/uploads/2009/03/debt-out-by-sector-white.jpg
WORLD MARKETS….all of them!
www.indexq.org/
MAJOR World Markets Perf Chart
stockcharts.com/charts/performance/perf.html?,,,,,,,,,
XAU : GOLD….Floridagold
stockcharts.com/h-sc/ui?s=:&p=D&yr=1&mn=2&dy=0&id=p01481707480&a=49013859&listNum=1&listNum=1
and it mutated thier dna to teddy drones. wj
“Bill would give president emergency control of Internet
by Declan McCullagh”
When I see Declan McCullagh’s name my BS detector goes full scale. He’s been caught with his hands in the cookie jar, so to speak. A disinformation artist… or just perhaps a useful idiot for TPTB. He’s not to be trusted as honest. I expect this piece is a ‘Trial Balloon’ feed to him.
by CalculatedRisk on 8/28/2009 07:10:00 PM
From the FDIC: Central Bank, Stillwater, Minnesota, Assumes All of the Deposits of Mainstreet Bank, Forest Lake, Minnesota
Mainstreet Bank, Forest Lake, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. …
As of June 30, 2009, Mainstreet Bank had total assets of $459 million and total deposits of approximately $434 million. …
The FDIC and Central Bank entered into a loss-share transaction on approximately $268 million of Mainstreet Bank’s assets. …
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $95 million. … Mainstreet Bank is the 83rd FDIC-insured institution to fail in the nation this year, and the second in Minnesota. The last FDIC-insured institution to be closed in the state was Horizon Bank, Pine City, on June 26, 2009.
Two down today.
with the FGC valuation formula??
FDIC: “We Aren’t Bankrupt and Everything is A-OK”
Snip:
“However, today the FDIC released it’s latest quarterly report and reports the DIF is not yet depleted and I was incorrect. To achieve this feat, the FDIC assessed “special assessment fees” of $9.1 billion and the bailout program, Temporary Liquidity Guarantee Program (TLGP), added $1.1 billion to the DIF. Special assessments in the past have been rarely used since the early 1990s – in 2008 Q2 just $0.6 billion was raised, and in 2006 Q2 the total assessments were just $0.007 billion.”
libertymaven.com/2009/08/28/fdic-we-arent-bankrupt-and-everything-is-a-ok/7029/
Comment: A good article. Good in that it demonstrates how the Gov can use numbers, change formulas, change the meaning of words…to create a world of delusion, and illusion. And good in that a few speak out and help us better ’see’.
SO …. how do you draw up a chart on StockCharts.com, is it something like this……$GOLD:$COPPER..?
buymore
this minute
(AP:WASHINGTON) Regulators have shut down Bradford Bank, a small bank in Maryland, marking the 82nd U.S. bank failure this year amid the soured economy and rising loan defaults.The Federal Deposit Insurance Corp. took over Baltimore-based Bradford Bank, with about $452 million in assets and $383 million in deposits as of June 30. Manufacturers and Traders Trust Co., based in Buffalo, N.Y., has agreed to assume the deposits and assets of the failed bank. The nine branches of Bradford Bank will reopen Saturday as offices of M&T.
In addition, the FDIC and M&T agreed to share losses on about $338 million of Bradford Bank's loans and other assets, the FDIC said Friday.
Wow …. I always wondered how to do that, thanks! However it came out the size of a stamp, I need more instructions.
buymore
…..But I dont think it should be difficult to grasp…
….Just divide any chart by the Price of Gold and you will see the real….Value Chart….
….Instead of valuing Dow or Oil or Copper or any stock in depreciating and misleading U S Dollars or Dollar Index….value them in Gold(Real Money )
….Simple N’estPas ?
your “flagpole” is only one day. most analyst prefer a least two days for the “pole” before the flag or pennant is formed.
rno
