Alex Jones :Total Emergency Alert: Elite Now Evacuating

[astr0144]

It seems that there was a lot of uncertainty and attempts to suggest other solutions to solve things last week after that large 300 point decline on the Dow Jones..It fell to just  under 17600.

I did think we may see a reversal for a rally at this level  if the market holds up after Sunday/Monday. at least temporary back up to at least the 17880 level.

The Greek People are said vote on a referendum and  whether to stay in the Euro on Sunday July 5th.


As for the Gold &  Silver Markets.

I had not realised that Silver had fallen so much.

Its last 25 yr low low was $4.10 per ounce made on 27th Nov 2001 and its all time High was made around 28th April 2011 about $50 an ounce.

Silver has fallen with a huge decline of about 70% to $15 an ounce since its 2011 high within just over 3 years..

Gold has fallen about 40%...to just under $1200 an ounce.

Gold Made its 25 yr low around 21st June 1999 at about $252 an Ounce... and Made its all time high 23rd August 2011 or Sept 6th 2011 at price level or value of  about  $1913 an ounce although charts may suggest a high of $1880.

Another date in August may be Aug 15th that 44 years prior..

President Richard M. Nixon announced  on August 15, 1971, that the U.S. would no longer officially trade dollars for gold, we have been enjoying a new era of human history.

Doing some of my other time analysis based on certain past main high and low dates in Gold and Silver... I have August 6th  Aug 15th or August 25th or  early Sept 3rd to 7th  as Dates of possible main turning points that Also are dates that I have for the Dow Jones.

So if Gold / Silver makes  Lows on one or more of these dates I think it could reverse and rally sometime in that months period.

[ArMaP]

The Greek People are said vote on a referendum and  whether to stay in the Euro on Sunday July 5th.

No, the referendum is to say "yes" or "no" to the plan proposed by the "troika" on June 26, not to stay or not in the Euro.

[astr0144]

As I thought that I understood in trying to simplify it if that's possible....

The Vote is seem as a referendum to see if they accept the IMFs offer (Troika) with funds to help them pay their debts and to stay in the euro zone. but that may keep them with future longer term financial and tax issues.

If they reject it, then initially they may be in severe Turmoil.. but longer term they may allow them more control over their own destiny...with no other euro countries dictating what they can do.

I think that may also suggest that they will come out of the Euro Currency. Would that suggest that they revert to their old currency ? the Drachma !

If that happens, I wonder how this will effect the Currency and World Stock Markets ? and if that will have worse effects than if the Greeks vote to remain in the Eurozone / Euro Currency !

"the vote is widely seen as a referendum on whether Greece should continue being part of the Eurozone"

                  ------------------------

On Sunday, the people of Greece will cast a historic vote on their place in Europe. If they vote "yes," it will mean more spending cuts, more tax hikes, and more rounds of tense negotiations with European creditors. But in the long run, it could lead to a more united Europe.

If the Greeks vote "no," it will likely trigger Greek exit from the Eurozone. That would cause turmoil for the Greek economy in the short run, but could ultimately give Greece more control over its destiny.

Officially, the people of Greece are voting on whether to accept a June 25 offer from the International Monetary Fund, European Union and the European Central Bank (collectively known as "the Troika") to provide Greece with desperately needed bailout money. In exchange, the Troika demanded that Greece implement a list of tax increases, spending cuts, and economic reforms.

In practice, the vote is widely seen as a referendum on whether Greece should continue being part of the Eurozone — even if it means submitting to what many Greeks see as onerous financial conditions. Euro membership isn't officially on the ballot, but if the Greek people vote no it makes Greek exit from the common currency a lot more likely.


http://www.vox.com/2015/7/2/8883393/greece-crisis-referendum-explained

No, the referendum is to say "yes" or "no" to the plan proposed by the "troika" on June 26, not to stay or not in the Euro.

The Greek People are said vote on a referendum and  whether to stay in the Euro on Sunday July 5th.

With regards to Gold...some analysts are still suggesting further declines in the price of maybe another 40%.

Before the rally in Gold and Silver.. it had been at a very low price since the decline after the last main high in the 1980s...
and went in a low range for about 20 years...

Many had been saying Silver had become less in demand back in the late 1990s early 2000.... but it surprised many an analyst with its huge rally into 2011.

Its since had a huge decline and the movements in the ups and downs of the precious metal markets seem to be bigger and quicker than that of Gold.

Those who Trade Silver in whats known as the Futures Markets were able to profit on those moves as the market rallied and as it  has fallen..With Futures you can make profits on declining markets..known as short selling...

Maybe with Silver now having declined much further than Gold so far since 2011s high... it may be a better option to consider and a cheaper deal if it should re rally again.

Silver Coins may be a good option to consider..if one wants to hold Silver in an actual Physical form other than bullion.
and  generally better for a longer term  hold investment...

If one has a futures trading account.. it may be worth considering buying, but it is a HIGH risk investment as the moves can be very volitile....but it can be very rewarding for those who get it right.

and very good quick profits can be made that are highly  leveraged and have the potential to be severely compounded...
where you can purchase further contracts on profits made from an initial contract...so you may do a type of 2 , 4, 8, 16, 32 pyramid type of trading that you initially start on using just a small deposit of what the true Silver futures contract is really worth.

Much easier described than done.. but some of the financial gurus do this to make quick huge profits...say for eg turning $2000 into $4K then $8 k then $16 k..but each build up on contacts add up in a larger total..

it does require extreme accuracy in both price analysis and timing.and if it went wrong and extremely against you, it could also result in extremely potentially huge losses.

often to avoid this they use Other financial derivatives to hedge their positions.

http://www.forbes.com/sites/trangho/2015/07/04/the-loathsome-truth-about-gold-and-why-it-should-crash-40-2/?utm_campaign=yahootix&partner=yahootix

[zorgon]

So if Gold / Silver makes  Lows on one or more of these dates I think it could reverse and rally sometime in that months period.

I can only hope 

I will send all my scrap to the refinery now though so I will have it in good metal. Easier to see that way (or use) I will get it back as jewelry metal. either wire or sheet

There is no premium on that like there is on bullion or coins. The refinery takes their fee out of the metal so won't cost me anything. I have one refinery that pays out 95% of actual value on the day of processing.

I don't have a lot of gold. mostly years of electronic scrap collecting and jewelry bench scrap.. but it adds up at that price

I do have several pounds of silver  from finding old damages silverware and old jewelry


And if I get it returned as wire and sheet, I can always use it to make jewelry

Casting grain is another form that is useful

[ArMaP]

In practice, the vote is widely seen as a referendum on whether Greece should continue being part of the Eurozone — even if it means submitting to what many Greeks see as onerous financial conditions. Euro membership isn't officially on the ballot, but if the Greek people vote no it makes Greek exit from the common currency a lot more likely.

Yes, that's what the media has been saying, but not what I have seen most people from Greece saying when interviewed by the media.

As for the situation with silver, could it be that the almost end of chemical, silver based, photography has resulted in less demand?

[astr0144]

What would you basically describe the Greek peoples views or what they are  saying ?

Yes, that's what the media has been saying, but not what I have seen most people from Greece saying when interviewed by the media.

Yes I think back in the late 1990s early 2000 with the new at the time digital technology for Photography....there was much less demand for Silver in the Photographic film or development industry..

But they used to often Say Silver would follow Gold..and since at least the 1970s... the chart image movements have been quite similar.

There was no doubt about it.. seeing something like Gold and Silver stay low in price for so long would have been very frustrating to investors who looked to purchase it..

but when it finally did take off.. it was a huge move that took 10 tears and was VERY profitable for those who managed to hold onto it and sell at a reasonable high level.

I think those large moves would have really surprised most..

when you looked at the stock market (Dow and S&P 500 for eg) since its low in 1932..

it took 75 years to reach its highs in Oct 2007...

Those markets fell about 60% within 18 months..

All that long term 75 year gain wiped out in 1 1/2 years..

That was quite unbelievable...

But to then see it re rally to new highs in just over 6 years...is also amazing....and I think was very unexpected by most investors... as often huge MAJOR crashes of 50 % or more often result in further sell offs.

BUT I believe it was down to Government manipulation.." .."Quantitative easing". that may be relatively new and I don't think ever done on such a scale before..

Quantitative easing (QE) is an unconventional form of monetary policy where a Central Bank creates new money electronically to buy financial assets, like government bonds. This process aims to directly increase private sector spending in the economy and return inflation to target.

Now we have had a similar thing with Silver so far.

A Huge move to new all time highs. at least since the 1970s...and I think even since the Silver market was created..some 100s of years ago .and now we have seen a similar  70% decline...

this is a 200 yr chart.. but I think there may be charts since 1000s of yrs ago as gold/silver  has been in supply and demand since when ever .    

seems maybe about the 1930s (Guess July 1932 low of stock market ) was the low in last 200 yrs..

infact that may even be 83 years ago this week coming..

iff it was then that could be interesting !!!..and may even see a reversal from here as July 4th Holiday weekend was another important date I had in mind..

or maybe some date around April 1933... I need to try and find out that date for its Low...

On April 19, 1933, the U.S. Government abandoned the exist-ing Gold Standard and began to purchase foreign silver under the Silver Purchase Act of June 19, 1934

http://www.enterpriseintegrators.com/palmer/history/3-tulane&jub/historyofgold&silver.htm


In fact I just found this and added it in..

silver fell to an all-time low of 24¢ in December 1932, during the world-wide Depression of the 1930s

I think an 83 year cycle from this date in Dec 2015 may also prove important in Both the Precious metals and Stock Market.





http://goldsilverworlds.com/gold-and-silver-prices-over-200-years-long-term-gold-and-silver-charts/

That top in Silver came about 4 years after the Stock Market 2007 high... and has fallen now in about 4 years.

again an amazing Huge move...

One wonders what may be coming next !

if we face financial uncertainty they often say to buy precious metals.. as a safe haven.

I believe that the Chinese and other countries are looking to heavily buy again..


At one time it was said that if the stock market fell precious metals would rise..

but Both the stock and Gold / Silver markets did rally at least into 2007..and as the stock market crashed Gold . Silver continued to make new all time highs...upto 2011...

but now we have NEW recent stock market highs again.. since May 2015.. we are seeing Gold and Silver at Lows. doing the opposite. as is usually expected..

As for the situation with silver, could it be that the almost end of chemical, silver based, photography has resulted in less demand?

[ArMaP]

What would you basically describe the Greek peoples views or what they are  saying ?

They mostly see this referendum as a way to tell other countries (specially Germany) that the Greeks are a proud people that is tired of being treated more as a commodity than a people.

Even those that talk about a possible exit from the EU and the Drachma say that they don't see how they could bring it back, as it would cost a lot of money, but most people do not even talk about exiting the EU or the Euro.

[astr0144]

Thanks for your description.

I think that I can understand that is how they may view it.

I seems hard to understand how this has occurred...

I was watching a Politics Program the other day with someone suggesting that the Greeks had been carelessly spending in its past..and the person suggested that they have brought it on themselves...

I don't know if there is truth in what he says, but for the average Greek person I am sure that they don't see it that way.

They mostly see this referendum as a way to tell other countries (specially Germany) that the Greeks are a proud people that is tired of being treated more as a commodity than a people.

Even those that talk about a possible exit from the EU and the Drachma say that they don't see how they could bring it back, as it would cost a lot of money, but most people do not even talk about exiting the EU or the Euro.

[ArMaP]

I was watching a Politics Program the other day with someone suggesting that the Greeks had been carelessly spending in its past..and the person suggested that they have brought it on themselves...

It's partly true, but then we have cases like this.

[astr0144]

I now see what your referring to.

As is often the case..so many things go on that may make it hard to fully determine what may have been going on.

but it would not surprise me that the other countries who may have profited from the Defence transactions from Greece.

I think in the past other countries have been in debt and they just had them wrote of...

Sometimes certain  countries just seem to print money to solve issues a bit like the US Gov may have done with their Quantitative easing that offers more time ! 

Do they get in more debt or can it be continually avoided ? sometimes it seems to be so ....

I wonder if that may happen in one way or the other with Greece.


There was some suggestion I read somewhere that they may even cancel the vote on Sunday....We will see what happens soon.

"One could argue that with 1,300 tanks, more than twice the number in the UK, Greece has many more than it needs. But no one forced it to spend so much. It happened because of the threat perception from Turkey and the need to balance Turkey militarily," he said.

He said there was an element of hypocrisy in the criticism being levelled at Greece in France and Germany.

"Knowing the economic situation of the country, and all the talk about Greece's overspending for the last 20 years, one feels like saying 'hold off, gentlemen, with the criticism'," he said. "It's hypocritical to ignore the fact that a not insignificant amount was spent on buying weapons systems from EU members Germany and France."

It's partly true, but then we have cases like this.

[ArMaP]

I think in the past other countries have been in debt and they just had them wrote of...

Yes, it has happened in other cases.

The case for Greece: when it forgave Germany's debt

[astr0144]

Greece debt crisis: Greek voters reject bailout offer.


Similar to last weeks open.... The Dow Jones just declined a further 250 points to a low of 17453...

Have to see what happens the rest of this week into August..

With two-thirds of ballots counted, results from the Greek referendum show voters decisively rejecting the terms of an international bailout.
Figures published by the interior ministry showed 61% of those whose ballots had been counted voting "No", against 39% voting "Yes".
Greece's governing Syriza party campaigned for a "No", saying the bailout terms were humiliating.
The "Yes" campaign warned this could see Greece ejected from the eurozone.
Some European officials had also said that a "No" would be seen as an outright rejection of talks with creditors.
But Greek government officials have insisted that a "No" vote would strengthen their hand and that they could rapidly strike a deal for fresh funding in resumed negotiations.
Greek banks will reopen by Tuesday, they say.
Follow our live updates
Reacting to the result, Greek Finance Minister Yanis Varoufakis called it "a big yes to a democratic Europe".
He said Greece would be "positive" in negotiations with its creditors.
null
Euclid Tsakalotos, Greece's deputy foreign minister, told Star TV that two developments would allow Greece to pursue "a solution that is financially viable".
"Firstly, the government now has a new popular mandate and the second is the latest [International Monetary Fund] report which says that the Greek debt is unsustainable."
Greece had been locked in negotiations with its creditors for months when the Greek government unexpectedly called a referendum on the terms it was being offered.
Banks have been shut and capital controls in place since last Monday, after the European Central Bank declined to give Greece more emergency funding.
Withdrawals at cash machines have been limited to €60 per day.
null
Analysis: Mark Lowen, BBC News, Athens
null
The partying by the "No" camp will go well into the night here and the government will be popping open the ouzo. Alexis Tsipras has called the eurozone's bluff - and it appears to have gone his way.
But the triumphalism won't last. There is still a sizeable chunk of the Greek nation deeply unhappy with what has happened. And the government will have to unite a divided country.
More than that, a deal with the eurozone has to be struck fast.
Greek banks are running critically low and will need another injection of emergency funds from the European Central Bank.
Given the bad blood of the past two weeks - Greece's Finance Minister, Yanis Varoufakis, calling the eurozone's strategy "terrorism" - it will be hard to get back around the negotiating table. And with the banking crisis and tax revenues plummeting amidst the instability, Greece's economy has weakened again, making a deal even harder to reach.
The eurozone's tough rhetoric will continue. But Greece's government will have its answer prepared: we put your demands to a democratic test - and they were rejected.
Peston: Banks running out of cash
null
Mr Varoufakis is due to meet senior Greek bankers later on Sunday. State Minister Nikos Pappas, a close ally of Prime Minister Alexis Tsipras, said it was "absolutely necessary" to restore liquidity to the banks now the referendum was over.
Italian Foreign Minister Paolo Gentiloni tweeted: "Now it is right to start trying for an agreement again. But there is no escape from the Greek labyrinth with a Europe that's weak and isn't growing."
Belgium's finance minister said the door remained open to restart talks with Greece "literally, within hours".
Eurozone finance ministers could again discuss measures "that can put the Greek economy back on track and give the Greeks a perspective for the future," he told the VRT network.
Leaders meet
French President Francois Hollande and German Chancellor Angela Merkel are scheduled to meet in Paris on Monday to discuss the situation, Mr Hollande's office said.
Greece's latest bailout expired on Tuesday and Greece missed a €1.6bn (£1.1bn) payment to the IMF.
The European Commission - one of the "troika" of creditors along with the IMF and the European Central Bank - wanted Athens to raise taxes and slash welfare spending to meet its debt obligations.
Greece's Syriza-led government, which was elected in January on an anti-austerity platform, said it had been presented with an "ultimatum".
The Greek government's opponents and some Greek voters had complained that the question on the ballot paper was unclear. EU officials said it applied to the terms of an offer that was no longer on the table.
The projected turnout in Sunday's referendum was about 60%.

http://www.bbc.co.uk/news/world-europe-33403665

[astr0144]

Update on this thread since it was initially posted on June 20th..

The Dow did find a high level around June 22nd..

and initially declined to around July 4th/9th (Making 3 low dates in this time frame.The weekend 4/5th July being the main low)

It then rallied into July 16th/20 and made another high (slightly lower high then June 22nd)..

It then declined to July 27th...then rallied back up 31st July...

and finally declined to a new 6 month low since early February..that hit 17360 today .


so far that has been a decline from a level of 18186 made around June 22nd...

to a low today August 6th of 17360...

A total of 826 points..



I want to see if it holds at that level and  starts rallying back up to Late August 30th / to either Sept 3rd or 21st/23rd  /Oct 4th or 10/11th where if it does I believe we could see a series of tops..with a decline to the end of the year.

Today was hard to say where it would bottom out..as new lows can sometimes see huge declines on the last day..we may see further decline overnight into early Tomorrow if that low gets taken out..

but I would hope we see the market start moving back up by the end of this week/early next week.


http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=djia&insttype=&freq=1&show=&time=5

Both Gold and Silver also declined into this week to make new lows..

Gold hit a low close to 1080

This is a Chart of the USA Gold Futures..

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=GOLD&insttype=Future

Silver hit a level of 14.40. on Aug 4th.

Comex Silver Futures chart.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=SILVER&insttype=Future&freq=1&show=&time=5


Both have hit levels of Interest and it may be a very good buying opportunity if they can hold..


Posted June 20th 2015..

With the Dow making recent highs last week.
I think its possible we may have another high made this week...and the start of a decline from between 22nd June this week to end of the Month...
maybe down to between July 4th to 9th.

(These Cycle Dates often will find turns in the Market...but also they can Inverse...ie find say a high instead of an expected low. Trying to determine the turn dates is hard.. but its even harder to say if the dates will be highs or lows... although for some time periods.. I can often pick them out or estimate them reasonably well.)

or if not. and the market holds up..maybe after the US July 4th Holiday.

14th and 27/28th July may see high or low pivots..

and  a decline to either August 6th (expected if Market still declines after July 9th) or August 30th.

[Gigas]

Well now, with Puerto Rico defaulting on 58 billion with no bail out options, they are thinking bankruptcy. Thing is, Puerto Rico is home 20 for the IRS. Then we have the astroid event coming in September and Gas prices falling to all time lows by December, Ya somethings up.

[astr0144]

It maybe that with the various countries collapsing economies that it could have a major impact on the World Financial markets this year.

Usually Stk Markets Start to crash between Late August to October...

I was expecting a reversal in the USA Index markets from Aug 6th...but it went lower on the 7th..

I just hope that its not going to continue down with at least a reversal into the Autumn...

(I also was expecting at least the start of a reversal before end of next week)

or that we see another similar  crash like we had in 2007/2009 this year.

This is Gerald Celenties comments.

http://www.examiner.com/article/gerald-celente-predicts-global-stock-market-collapse-before-end-of-the-year

Well now, with Puerto Rico defaulting on 58 billion with no bail out options, they are thinking bankruptcy. Thing is, Puerto Rico is home 20 for the IRS. Then we have the astroid event coming in September and Gas prices falling to all time lows by December, Ya somethings up.