Feb 7 Gold Price Five Day Chart must not Breach Support Around $1,715 F. Sanders
The GOLD PRICE fell $15.10 to $1,722.80, which after Friday was to be expected. The SILVER PRICE, on the other hand, after making a low at 3305c when New York was just opening, traded up like a basketball released underwater, hit a high of 3378.2c, then closed -- get this -- three-tenths (3/10) of a cent lower than Friday. That's a thorny non-confirmation.

Feb 7 Daily Report Harvey Organ
The banking cartel continued to launch their assault on the precious metals with gold falling by $13.00 to $1722.80 and silver slipping 1 cent to $33.72. The bankers are in no mood to see the rise in the precious metals. The lease rates lowered considerably Thursday night. Could the following have been a harbinger of things to come i.e. the raid on Friday?...

Feb 7 All Eyes On The Pig TF Metals Report
Lots of thisses and thats today regarding the precious metals. I suppose that some commentary has merit but, really, it's all about The Pig. First, though, I'm confident that there is a concerted effort being taken to "correct" the price of gold. Last week's CoT was lousy and I'm sure that the brief rally through 1750 late last week was allowed by The Cartel as an attempt to suck in a few more spec longs before putting the hammer down...and the hammer is falling as I type....

Feb 7 Bubbles Come, Bubbles Go Willem Weytjens
Most money is made during the latest phases of any bubble, as price goes nearly vertical.
When something goes straight up, I tend to get worried. All good things come to an end, eventually. When something goes straight down, I am looking for ways to enter the market, as bad things come to an end as well… Eventually....

Feb 7 Rick Rule - Critical Differences Between Gold Bull Today vs 70s KingWorldNews
It is my belief today that we have a chance to go substantially higher in the gold market. In the 70s the world economies were in better condition to deal with the stresses they experienced in the late 1970s than they are today. And as a consequence of heading into serious difficulties, with weakened national balance sheets, the potential for an upside blowout in the metals price is stronger now than it was in the 1970s....

Feb 7 What If We're Beyond Mere Policy Tweaks? Charles Hugh Smith
The painful truth is that we are far beyond the point where policy/legalist regulatory tweaks will actually fix what's wrong with America. The rot isn't just financial or political; those are real enough, but they are mere reflections of a profound social, cultural, yes, spiritual rot. This is the great illusion: that our financial and political crises can be resolved with top-down, centralized financial reforms of one ideological flavor or another....

Feb 7 'Confiscation' page added to GATA's Internet site Chris Powell
Because of recent inquiries to GATA about the possibility of an attempt by the U.S. Government to confiscate privately held gold and silver bullion and coins and shares in companies mining the precious metals, we're republishing here the correspondence between GATA and the U.S. Treasury Department on the subject in 2005....

Feb 6 Video Newsletter Report Chris Vermeulen

Feb 6 Dangerous Times Ahead Toby Conner
At the moment precious metal investors have the guillotine of the stock market hanging over them just like everyone else. Historically the selling pressure from an intermediate degree decline in the stock market will force an average decline of about 19% from peak to trough in mining stocks. Right now the mining sector is in a weakened state with the HUI holding below a declining 200 day moving average....

Feb 6 Was Friday’s Price Action in Gold Signaling Top in S&P 500? Vermeulen/Jones
I follow a variety of indicators to help me decipher more accurately when the market is getting overbought or oversold. For nearly two weeks the market has been extremely overbought, but now we are reaching truly astonishing levels. The following charts represent just a few signals that the market is due for a pullback and a top is likely approaching....

Feb 6 Gold and silver price shakeout Alasdair Macleod
The consolidation of gold’s bull phase from October 2008 to the peak last September was a classic three-leg correction: an initial slide, rally, and final sell-off. Silver followed a similar but more violent pattern. The psychology was there too, with the final sell-off convincing many investors the game was finally over. Those who sold will most probably be kicking themselves. Consolidations that break established trends, such as 200-day moving averages, shake out weak holders who will buy again higher up when they are more confident....

Feb 6 The Bernanke Effect Jeff Nielson
There is nothing deeper in this analysis than simple cause-and-effect. All Ponzi-schemes are doomed to fail from their inception; all frauds destined to be exposed. The (serial) economic rape perpetrated by the banksters down through history fortunately has a limited "shelf life". We now see the end of this era of bankster paper-fraud approaching, just as all previous incarnations have self-destructed before this....

Feb 6 Your Trepidatious Turd TF Metals Report
There is a lot going on today and this promises to be a very volatile week. Greece, Syria and Iran all combine to create a noxious stew of cross-currents. All will impact the PMs this week. While it is nearly impossible to precisely forecast how the week will play out, there are a number of items that have me nervous and cautious as the week begins...

Feb 6 John Williams - Unemployment Rate at a Staggering 22.5% KingWorldNews
The Economy Still Is Not Recovering. As discussed in the Opening Comments and Executive Summary, irrespective of the nature of the factors that helped to boost (recent) labor data, the general outlook has not changed. Even after the 2011 upside benchmark revisions, the January 2012 payroll employment level remains below the level that preceded the 2001 recession, more than a decade ago....

Feb 6 Pento - Bond Bubble to Destroy US Dollar & Restore Gold KingWorldNews
Manias can last a very long time and become so extended it leaves market participants in shock. But wise investors should prepare now for the upcoming interest rate shock and continue to accumulate anti-dollar investments. Once the bond bubble explodes here, as it did in Southern Europe, it will destroy the dollar along with it....

Feb 6 Sleeper Creeper Rally Warren Bevan
It was really another amazing week in a so far, great year. We had strong markets all around with many of the leading stocks that we trade in our swing trading portfolio up nicely and still looking for more and that has done wonder for our swing trading portfolio where we focus on leading stocks and use options generally to trade breakouts of solid chart patterns....