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Another Day, Another All Time High: Gold At $1,544.9
Hopefully at this point nobody is surprised why at this rate gold will pass $1,600 within a month, silver may be $100 by the end of the year, and the dollar will be worthless, in order, to paraphrase Bernanke, reincarnate it in a fresh start version of itself, following the refinancing of all US private and public debt at 0% interest. For everyone still confused, and the naysayers, we urge you to read the following - link.
Gold:
DXY:
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Ps.....
Fuck you Dangertime....
Well at least you have good taste in avatars.
When Equities crash, and it will, do you think Gold and Silver will sky rocket because they are perceived as safe havens?
No, rather, Gold and Silver will crash because these are very much like equities in behavior and not safe havens. Case in point, PMs did not soar when Japanese tragedy happenned.
The USD will soar because whether you like it or not, it still is the world reserve currency and global debt is dollar denominated.
When social mood completes its temporary reflation and turns down, everything will crash except the bastion of safety, the USD.
Careful, you will summon mosleytron who will avoid any rational discussion on the price of silver and then proceed to lie and defame you while proclaiming that you've suffered massive losses.
Have you built in 60$ silver into you put-put?
You have lost credibility even though as Avar says this is a temporary situation. He saw it topping at 50...
Sitting tight and will buy more puts if it hits $60.
We will see who has the credibility by midsummer. Assuming of course we are measure the green of our accounts.
Moseley is already here.
No one is going to miss the battle of the century.
Words Mr Wordsworth, Futile words. I look at the DXY and i see my life going down the crapper. Im Obsolete.
"global debt is dollar denominated?" no country creates debt out of it's own currency beside the US? I thought Europe denominated its debt in Euros for example?
oops
PMs did not soar when Japanese tragedy happenned.
Checking my data, I see this:
March 9 Gold 1432. Silver 36.19
March 13 Gold 1430.2 Silver 36.43
March 22 Gold 1423.6 Silver 35.39
March 28 Gold 1421 Silver 37.16
April 1 Gold 1428.5 Silver 37.74
April 6 Gold 1461.8 Silver 39.71
April 14 Gold 1472.5 Silver 41.63
In the one month after the Japan catastrophe, Gold increased approx 2.7%, Silver increased 13%.
From March 9 to April 29
Gold $1549.86 + 7.5%
Silver $48.44 +25%
It was a typo, the 'Last Year's Man' meant 'sore' or 'sour'.
Mentioned in another thread that Silver Bubble articles will dominate the weekend. These guys are getting a head start.
http://finance.yahoo.com/banking-budgeting/article/112635/silver-fever-break-badly-marketwatch?mod=bb-budgeting&sec=topStories&pos=9&asset=&ccode=
I smell panic.
Nothing like fighing an enemy that has unlimited access to thousands of communication channels. You get to pick the best freakout shows.
That fast money show was HILARIOUS. Those guys were just FREAKING OUT.
Anyone have a link to the percentages a word is used on the TV, by channel or in all news? If silver is said more, you know someone is paying. If the % is negative/against and CNBS airhead anchors mention it, JPimpMorganna is talking through their empty cavern using radio from the booth.
http://www.google.com/trends?q=silver
"""Next: Imminent correction?
That's why one long-time commodity bull, Eric Roseman, thinks a big correction in silver — and other commodities — is imminent.
"We're long overdue for one," he told me. "Something is going to derail this." """
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0% interest, how fantastic for all those poor people on retirement. He should be raising rates, but he is backed into a corner. QE to infinity is assured. They have no choice now.
http://silverliberationarmy.blogspot.com/
How everyone hates the dollar....how everyone is calling for the death of USD...97% bearish sentiment, not a bull to be found.
The herd of USD bears are extreme, bullish sentiment for equities is extreme, the bullish sentiment for Gold and Silver is extreme, the bullish sentiment for oil is extreme.
Sentiment for everything is on the same side of the ledger....
What percentage would be bearish if 30km meteor was demonstrated to be heading straight at the earth? Would contrarian sentiment assumptions obviate physics?
Could it be fallacious to assume sentiment always rules? Might there be a supply/demand function that determines price?
Words Mr Wordsworth, Futile words. I look at the DXY and i see my life going down the crapper. Im Obsolete.
I always liked; "would you do that just because everyone else is?" when sometimes the answer is, "well, I'd be a fool not to."
nobody hates the USD per se. But people do not trust an instrument of hegemony which is now like the Emperor's clothes. You are seeing things on the Emperor that others say do not exist and will never come back.
I was just thinking about it and its pretty interesting. The Bond Vigilantes should be Hammering the treasury market because of all the deficit spending but since they can't (because of the Fed's support) so they are hammering the dollar.
And what's up with those scumbags suppressing silver?
I can't take it anymore, my GLL goes down everyday. Can someone please explain to me why people are still buying Gold at these prices?
oops posted that 2x
Can someone please explain to me why people are still buying Gold at these prices?
Gold 4/29/2011 1:16 PM EST Spot $ 1553.60
Read and learn.
REITs are on fire today, CPT on a non-stop vertical meltup.
Gold and silver bulls should be cheering on this stock market rally, because as stocks rally, gold and silver are also dragged higher kicking and screaming reluctantly.
Looking more and more like we are in a "crack up boom" stock market and commodity market meltup.
"Looks like" this, "looks like" that. Worthless spam, lobotomized-faker.
Robo's great for calling attention to something after it happens.
How about hazarding a guess as to where SPY will be by the end of June, hmm?
Robo, you're a waste of space...
rumor has it one of his favorite "after calls" is "you're dead."
so now you're in the diversification is for chumps camp. another day, another flip flop.
btw: after ten straight years of gains by gold i find it interesting to hear you say stocks are pulling up gold. but coming from the usa's worst trader - the only man in the usa that's lost money - according to your own words - trading in gold and silver it's not surprising.
This caught my eye:
“the refinancing of all US private and public debt at 0% interest”
This is what I found in the article:
“There are only three basic requirements for bringing any inflation to a halt. They are, first, that prices must
rise; second, that money must stop rising; and third, that the money wealth must be devalued to tolerable
levels.” p104
Specifically of interest:
“The third requirement of stopping an inflation is a more subtle one. Prices must rise enough to devalue the
nation's money wealth to a level of real burden that its debtors can bear.”
“…Bankruptcies are wasteful and inefficient and do not really help
the creditors, when compared with the ease and efficiency of writing down the entire debt structure by a
single stroke of the government on a single day…” p105
How can the proles and scrotes be fascinated by weddings and professional sports?
Watching this massive decades old resistance line is the greatest sport of all!!!!!
Gentlemen the betting window is open.
Bye bye 50 catch you next time. Extreme volatility on the spot paper market in the last week with what looks like a lot of people getting a nice short extablished around 48.
The volatility has exploded compared to the move higher from 30 which was very orderly.
Gold at least $5000, Silver to $500, lets do it!
http://silverliberationarmy.blogspot.com/
Is the sole reason for suppressing the gold and silver price (in tandem more or less) for the sake of giving the impression that inflation is subdued?
This seems such a nonsensical reason and a loosing battle sooner or later at increasingly higher costs. The free market argument is appearantly not relevant.
Still making new lows as we speak.
Dan Norcini must be staring bug-eyed at his computer monitor aghast.
His much maligned "ratio traders" are killing it once again.
Heh, wonder when these guys are going to finally take profits???
you sure spend a lot of time talking about silver for somebody who thinks silver holders are misguided perma gloomers, even as we are the happiest people in the usa given our investments gains, not to mention right about the direction of silver and gold.
can't help but live vicariously through us i guess.
Posting the same chart twice in one thread? LOL you must be puking up blood. General Jim and Eric King are having a good laugh at you, and so are we.
hamy, texas, z123, meth, and dangertime...
Good to see you hard at work. I really have no qualms about what you're doing to make a living, as I have a certain cousin of mine who is in the same line of work as you. She takes her knowledge she's gained from 'such dialogues', and have invested it in PM's.
You really do have a great opportunity, not only can you be paid in fiat for assisting 'those in need' to tentatively suppress PM prices, you can also utilize your efforts in driving the price down to buy in lower yourself. Big hugs from me to you.
The truth is... you are also doing many of us a favor here at ZH as well! Diabolical to say, but true. We get the migrant ZH unregistered viewer coming through (you better not be reading this post damn you!), and you are getting their weak hands to drop the nugget. Thanks! I swear I owe you a beer or seven.
The issue to me is 'how does someone in your position become more effective at their occupation?' and 'how can you be certain yor employer does not find out you're playing them while you collect your stipends from them?'
I'm going to put some thought into your situation, and surely will come up with some exceptional suggestions to help you achieve your objectives. In addition, I strongly suggest those fellow ZH'rs who have been distracted and bent on refuting your propaganda and cointelpro rantings get their head on straight, having a change of heart, and becoming your loving, caring, assistants.
Smart man.
You have figured out that a real trader has no allegiance.
Exactly, traders only answer to themselves.
Although, I have to ask. Does really beleive that anybody who thinks silver will correct is somehow affliated with some price suppression conspiracy theory?
I mean really, do you have any idea how crazy that sounds?
You really don't understand the markets or can't comprehend anything you have read or seen.
Keep writing with your trading knowledge, as crazy as that sounds.
TIme for you to troll roll.
$1546.58
Watch silver. Gold is boring.
A historic battle in progress.
What are you talking about? When all the eyes are on silver gold shoots up. When all the haters pile back onto gold and ignore silver, silver shoots up.
Can't watch one without the other. Follow gold to see the trend and follow silver because it's like fireworks.
If you are hanging on to ZSL it is kinda distracting.
Still alone and very scared.
Damnit $1548 I can't keep up.
Getting there TF getting there!
Anyone else notice the premium now at CEF (physical gold and silver) is MINUS 2%+. Its like buying real money for 2% discount! Wow!
Not unless you can take delivery.
Not that it was hard to predict, but hey, $45 in three days was pretty damn good timing I have to say!
by redpillon Tue, 04/26/2011 - 12:24
#1208130
Anyone who is long silver should be fine with this correction. We desperately needed consolidation after a 100% gain over 6 months. If I recall correctly we haven't had a chance to take a breath on silver since the mid $30s.
You can certainly hedge the correction if you like. However when one metal takes a breather, it can also be a good time to look at a different one. I like a speculative long position in gold as attention is about to turn back to fiscal matters and it has consolidated around $1500 nicely. Gold should see some pops once once Bernank gives his liquidous press conference tomorrow and after Congress inevitably raises the debt ceiling.
Did I say $45? I meant $60. lol, go gold.
Does anyone know how much has the total MZM in the US has increased since March 2009?
Anyone trying to pick tops in silver and gold for sport, go ahead, and try, but I'd be careful.
I don't really short anything unless it has broken below support and is in a bear trend.
And as long as stocks are making new highs day in, day out, I'm really not interested in shorting anything for that matter.
And the NYSE summation index is still grinding up.
One day the trend will break, but it is not broken now.
You dont' pick tops? LOL
Key Outside Day Reversal confirmed on silver
RobotTrader - Mon, Apr 25, 2011 - 09:53 AM
Yep, here come the sellers.
Well he picks them, he just doesn't have the balls to put his money behind his picks.
He's the biggest loser on serveral boards. A rich vein of stupidity to be mined!
looks like your widows and orphans portfolio of hd, vz and mo is bouncing off the top band of its $1 range. but like you said these stocks are furiously pulling gold up. sigh. what would gold and silver do without leadership from these parabolic movers.
Try ZSL if you are a reformed leverage addict or a girlyman. I need a little spice, just not too much.
silver is behaving in a drunk way today....i have to say it is making me nervous
Have another shot, put some more songs in the juke, you'll be fine.
Silver is responding to the dollar index, but gold has broken free. The dollar started trending up at 8am, and silver started trending down.
Europe is shitting its pants I think
Silver is like a tsunami pushing against the holes in Blythe's dike.
It only seems to be moving very slowly, which is of course different. Think TF/HO said today is the last day they can try to suppress the price for a while? Am I missing something else?
Pre-Comex close beatdown starting in 3, 2, 1
BTFD !
Silver should struggle. The government has ordered it.
1550.68
1552.33
1553.64
I could do this all day... lol
$ 1555.50
You gonna keep letting me beat you to the punch?!
$ 1557.30
ha ha, had to go out for a smoke...
" because as stocks rally, gold and silver are also dragged higher kicking and screaming reluctantly."
If that wasn't so retarded I would be LMAO. Then again LMAO
I think June 7th will be the low point for the year at $1500, then back up to $1,750 by Christmas.
I guess there is no BTFD today instead BWEYC
Buy what ever you can.
This is turning into the physical discovery phase.
They will soon discover there is none !
$1558.51
$1555.36
Whoops $1557.42
Blythe has her minions driving silver back today.
Actually I think silver just needs a breather. People don't want to fight over $50 yet. Let all the excitement die down for a weekend (people's attention spans in this micromedia soundbyte environment is about that of a goldfish) and then fight club is back on.
Of course, Armstrong certainly impacts my views.
Why is silver being lazy today, I am so used to a buck up every day...
There seems to be a strong correlation between silver and the dollar index, while gold appears to be ignoring the dollar. At 8am the dollar started going up and silver started trending down.
Can I infer that silver has gone silicon/algol, while gold has not? Dunno...
Boy are you spoiled. !?
Don't worry it will continue very soon.
All I keep running over and over in my big fat head is this.
http://www.youtube.com/watch?v=BfCn8NlLHko
That says it all.
gold chart erection, straight up
Gold going to 6,000 baby!
But if you price gold in groceries, only up a tad
But that's the whole point, duh. Gold and silver protect your purchasing power in times of monetary debauchery, and unlike hamburg and milk, gold and silver are VERY durable....
I wanted to share this Jim Grant interview again it was pretty good about the Fed, gold standard, Depression era monetary policy, and his calculation on the value of gold re:fiat:
Grant Expects Another Round of Fed Quantitative Easinghttp://www.youtube.com/watch?v=pm9N1DPmjD8
Oh and $1559.97
When hookers start taking silver for payment I'm cashing out.
Well if you planned correctly that is an assboat of hookers.
$1562.13
$1566.02
Turd Ferguson looks to be right on his $1650 gold call from January. Pretty damn good Turd. But Jim Sinclair called $1650 gold for 2011 way back in 2001, ten years ago. wow..
I'll make a prediction... gold has gone up 500% over the last ten years. Things have deteriorated and it's accelerating. Won't be long before people rush the exits, but the lid will be (semi) kept on for the 2012 elections. Correction this summer in gold after an early June high, then...
$2150. gold December 2011
$3550. gold December 2012 (Obama is out, MSM causes public panic blaming new government, new president)
$7550. gold December 2013 -- in the old USD -- which is being replaced by the new NWO IMF "Bancor" currency for international settlements
Haha...you're silly. Everyone knows the world ends in 2012.
$1569.16