ZitatOriginal von Osterhase
Gold ist in 3 Wochen um 9%
und Silber um 10% gestiegen
reicht doch
Wer noch Gold und Silber hat, dem reicht das erstmal. 
Gnight 
GO GATA!
Love, love, love. A futures trader loves to see sudden, unexpected strength going into an opening, which usually reveals a zestful impatience to get a position on, resulting from expectations of much higher prices in the near future. That is just what we got this morning in the Comex gold pits, as the price went from up $1.30 to up $3 right before the bell.
Gold, despite a weak dollar, then struggled every time it stared at $706, the point where The Gold Cartel rebuffed its price advance the past two trading sessions. Then, the unthinkable happened. The Fed’s Bernanke spoke the truth about part of the US economy … no spin for a rare change. His comments were stunning in their candor and had to leave many on Planet Wall Street semi-speechless because the news was not good for stocks, bonds, and the dollar. Regard:
BERNANKE DOESN'T MENTION OUTLOOK FOR US ECONOMY, INTEREST RATES IN BERLIN SPEECH ON GLOBAL IMBALANCES
BERNANKE-IF CURRENT ACCOUNT GAP PERSISTS AT CURRENT LEVEL, FOREIGNERS ULTIMATELY SATED WITH DOLLARS
BERNANKE SAYS CURRENT PATTERN OF EXTERNAL IMBALANCES MAY PROVE COUNTERPRODUCTIVE OVER LONGER TERM
BERNANKE - U.S. TRADE GAP UNSUSTAINABLE, BUT DEBT NOT PUTTING EXCEPTIONALLY LARGE BURDEN ON ECONOMY
BERNANKE -GREATER THE ADJUSTMENTS NEEDED TO ACHIEVE BALANCE, MORE DISRUPTIVE AND COSTLY THEY WILL BE
BERNANKE -U.S. ABILITY TO SERVICE DEBT, WILLINGNESS OF FOREIGNERS TO HOLD U.S. ASSETS LIMITED
BERNANKE SAYS AS SAVINGS GLUT DISSIPATES, REAL INTEREST RATES COULD RISE
BERNANKE - STRONGER GROWTH ABROAD, CHANGES IN REAL EXCHANGE RATES AIDING CURRENT ACCOUNT ADJUSTMENT
Bernanke - U.S. current account gap cannot persist
BERLIN, Sept 11 (Reuters) - Federal Reserve Chairman Ben Bernanke on Tuesday told a European audience that huge external debts were not unduly burdening the U.S. economy now, but that over time the U.S. current account gap is unsustainable.
"The large U.S. current account deficit cannot persist indefinitely because the ability of the United States to make debt service payments and the willingness of foreigners to hold U.S. assets in their portfolios are both limited," he said in a speech at the Brandenburgische Akademie der Wissenschaften.
Bernanke did not discuss the outlook for the U.S. economy or interest rates in his speech.
The central bank head said that if U.S. current account deficits were to persist at current levels, foreign investors would eventually have enough of dollar assets. It would be difficult for the United States to finance its debt at a reasonable cost at that point, he said.
The global savings glut -- flows of capital from emerging economies into established economies, particularly the United States -- remains in place, Bernanke said.
As that glut dissipates, reducing the supply of financial capital from emerging economies, real interest rates should rise, he said.
In the meantime, economic growth in developed economies in recent years has raised demand for saving and contributed to rising real interest rates, he said. Term premiums have increased from low levels recently in part because of recent market volatility, he added.
-END-
Well, this is as good as it gets for gold and the price responded accordingly, exploding up to $713+ in a very short period of time. The Gold Cartel was reeling. What was especially nice to see is that gold rallied $9 and the dollar barely budged. Gold made its move on its own again. The euro went up 5 ticks net and the yen remained lower.
As night follows day, The Gold Cartel put out a distress call to the cabal crowd and to others in the Working Group on Financial Markets. The gold surge was stopped cold and the dollar was held steady. Nevertheless, the momentum for our team continues to build and build.
The gold open interest fell 742 contracts to 364,361 and the silver open interest dropped 504 contracts to 107,142.
Our STALKER source called. He says Kruggerands and Sovereign coins are nearly impossible to purchase without paying outrageous premiums. "Fractional golds" are available, but their premiums are even higher.
The action in silver remains HORRENDOUS. Have no idea why. Just have to think silver will rocket out of here just when most give up on it. Those long gold and short silver are cleaning up right now.
Adrian brought the following to our attention yesterday:
"It should be noted that $700 gold is a very crucial level; we have only closed above $700 six times in 26 years. Four were in May 2006 and now 2 are in 2007. We are only $18 away from a 26 year high and judging by the HUI nobody cares too much. These are very, very significant developments and it is bullish that no one is paying attention."
To elaborate and give a further idea of just how crucial his points are, we only need go to the gold weekly and monthly price charts:
Weekly gold
http://futures.tradingcharts.com/chart/ZG/W
On the weekly we can see how last week's rally and Friday close took out massive resistance and broke out of a huge base, unlike gold’s spike last year. It also represents the second highest weekly close since 1980.
Monthly gold
http://futures.tradingcharts.com/chart/ZG/M
Should gold close above $700 by the end of September, it will be the highest monthly close since 1980. In May 2006, as veteran Café members know, the US Government ORDERED the price down when gold spiked above $720 (this info came our way via a US Senator from Washington). By the end of May 2006 gold had been bludgeoned off its high and was on its way to tanksville. It has taken a year and one half to make its comeback.
It seems it is always this way, but if there ever was a time for The Gold Cartel to punish gold, or at least prevent it from rallying sharply, this is it, with the sort of growing financial mess the Fed is facing, and with the decisions they are going to have to make.
As always, it all comes down to what kind of ammunition (available central bank gold) does The Gold Cartel have to throw at the market? How much did they use up the past 18 months to keep gold where it is? This is the key month. For if gold is able to close above $700 a few more weeks and we get a monthly close above $700, it will set off a whole bunch of technical bells and whistles, and likely to bring on another slew of big picture physical market buying.
It won’t be dull.
The Gold Cartel is facing THE PERFECT STORM, which will make their ever present effort to prevent gold from soaring nearly impossible in the months to come.
Among the myriad of reasons why…
*The dollar is toast, fundamentally and technically:
September dollar (down .15 to 79.67, yet another low for the move)
http://futures.tradingcharts.com/chart/US/97
*Crude oil could do anything to the upside, as closed at an all-time high today):
October crude oil ($78.23 up 74 cents per barrel)
http://futures.tradingcharts.com/chart/CO/A7
![:]](https://goldseiten-forum.com/wcf/images/smilies/pleased.gif "Freude"){kind=small}