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Bernanke Starts Talking, Gold Surges Past $1,558
Remember when every appearance of Obama and Geithner would send the market plunging before the institution of central planning? Well, we now have a new phenomenon: every time the Chairsatan opens his mouth gold surges. Pretty simple. The second Bernanke started delivering his prepared propaganda at the Community Affairs Research Conference, whose parallel chat session appears to have been overtaken by conscientious objectors, gold surged from the mid $1540s to $1,558. A few dollars here, a few dollars there, and pretty soon we are talking real money...
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Trolls don't make the rules around here. You've been exposed as a liar and a dumbshit time and time again.
Your most vocal silver bull is TOO AFRAID to answer this simple question....
Why will silver go up in value relative to the dollar? Will it ever stop going up vs the dollar?
I bet that inspires confidence. How many of you people are buying on this douche's word? I hope nobody has bought too high following his advice. He can't even answer simple questions about silver.
Clarice, are you afraid? Afraid that you are being lead to the slaughter, just like the lambs that scream in your dreams?
You'll never overcome your fear unless you answer that one simple question. What country do you currently reside in?
I'm trying to have a rational discussion on the real topic. SILVER. Who knows, maybe you will change my mind.
But you are so afraid that you have to change the subject???
Why will silver go up in value relative to the dollar? Will it ever stop going up vs the dollar?
akak was kind enough to answer your questions for you, and I agree.
Now, Clarice, let's see what is it going to be. Will it be cheap shoes and a barely covered over West Virginia accent, or will you make it big by answering the simple factual question: IN WHAT NATION DO YOU CURRENTLY RESIDE?
That is off-topic and has no value relative to the silver discussion.
It speaks to your credibility.
Objection overruled.
Silver will go to $50 soon. Then $60, probably with a swoon or two. Then $75, with swoons along the way.
Maybe then MUCH higher (but, silver is not my metal of expertise), with swoons along the way. Scary ones sometimes.
...
OK Dangertime, you have my prediction.
Now man-up and tell us you are indeed from the Gaza Strip! Or else tell us where!
That is off-topic and has no value relative to the silver discussion.
Yes, answer the question Dangerclown, or shut the fuck up.
What are YOU so afraid of?
Don't you want to learn about silver??? Teach me the relevant topic......
Why will silver go up in value relative to the dollar? Will it ever stop going up vs the dollar?
You've had those egregiously simplistic and idiotically obvious questions answered already, you MANIACAL and RABIDLY DISINGENUOUS troll.
Because the dollar, like every fiat currency without exception, is constantly depreciating in value due to the machinations of the kleptocratic elite who parade under the name of "central bankers".
In the long term, no, of course not, because the dollar will never stop going down; see #1.
I asked another question based on this answer you gave a few responses up. Looking forward to your thoughts.
Why are you so desparately needy? Is it an attention thing or some kind of wierd, masochistic need to be rejected? Why don't you have the guts or the manners to answer his question?
Is it so hard to have a simple and civil discussion about just silver? Why the fear?
You would think silver longs would LOVE to talk about why it's going to go up. But there is still a general fear of my questions.
Case in point: You respond by attacking me, instead of discussing the message. You so richly deserve what you are about to get.
This MY second time answering, and I am no expert on silver. $50 real soon. $60 the $75 with price swoons in between. Then, maybe, much higher, all with swoons in between.
...
OK, Dangertime. Tell us, Mr. Gaza, where you are from...
lolololol, must open season on trolls,,,, ooops dangertime
Woohoo!
Where's Robotrader, Hamy and the gang?
dangertime = epic silver fail
dangertime!
Fortunately, the conspiritors are all as dumb as a box of rocks!
Startling to me as well. I expect we'll start to see more of these kind of days. Still, whistling past the graveyard...
Exactly tmosley. Two margin hikes in Silver this week made sure that April Silver wouldn't be the month to take out the Hunt high before exploding to triple digits shortly after. Not with the rally it's had thus far. Those bastards!
Blythe is picking which one she wants to fight as each new dawn arrives... Or, she gets her marching orders... Amounts to the same thing.
Blythe doesn't have enough fingers for the dyke that is breaking...
TM,
Every talking head, and SO called investment guru's are saying PARABOLIC.
And gotta come down.
Scaring the weak hands, if it sits much longer under $50.00 a lot of longs are going to tire, and close positions.
Exactly what they want.
Dunno. I'd rather it held around this level, or lower through the end of summer while I accumulate more, but I think dollar weakness is going to pop it over $50, and the buy stops will send it soaring from there. Eventually, the COMEX will crack, and everything will go nuts.
Saw a piece of CNBS's options show. ALL of them silver going DOWN, one of them then said maybe he should change his mind... With a nervous giggle...
LOL, CNBS...
im thinkin the comex and benny boy are doing everthing they can to keep silver down for the end of the physical delivery. does the comex ever state how many oz of silver were delivered at the end of the month?
$1560 taken out, keep talking you fucking scumbag
Somebody commented thst 2 million shares of UUP were purchase before yesterdays close. Is that for real? Is somebody gaming the dollar and frontrunning a correction?
or as zh's resident genius the robotard would say: the spy's .30% gain is pulling up gold screaming and kicking by 1.50%.
The monetary revolution has begun...viva la PM's...paper is dead!!!
I foolishly lightened up in gold before Wednesday's presser thinking he would pull some stunt - and it's been all pain since!
But it's just so fucking nice outside right now...
Don't worry, we will all be spending LOTS of time outside soon enough. For now, focus on the Gold so that you can be ready for extended "outside" time.
nothing wrong with selling a little from time to time.. you can splurge on some things... it's a long way up this mountain.. plenty of time to get back in over and over
The cesium in the air just makes it look clearer.
HA! No more beer goggles...just cesium.
Just keep buying on a scheduled weekly basis in smaller qty's and then larger qty's when there is a dip.... btfd, and in the end the winners (if you can call it that) can start new and be safe.
edit: If it doesn't dip, but consolidates (such as gold has been doing) buy that too and be in for the pops up.
B
RanSquak talk in the pits is allegedly of ANOTHER margin hike to come on monday......anyone hearing confirmation?
Also, Dollar plunged to 72.5 a moment ago WITHOUT a similiar uptick in Silver, which has been the case in general. Efforts to cool the rise of Silver beginning to pay dividends??
Ok, chased GPL to 3.67. HiHo Silver, away!
By time I leave office, gold at $1,558 will be cheap.
By time I leave office, gold at $1,558 will be cheap.
Somebody needs to slap that flacid silver price, and get it to join the party
Never underestimate the replacement value of paper within a Zimbabwe-esque debt-monetization spiral. Nine stocks hitting 52-week highs today and Art Cashin agrees that as long as the DXY keeps tanking, "risk on" dominates. BUY BUY BUY!!!
Is this it? Is this the end- did the Bernank lose control of e dollar and he can't reel it back in. Where are the reverse repos? Is this guy a complete dunce?
And what choice does he have if the dollar loses control? Raise short rates? Hahahahahaha.
Are the bond vigilantes finally shaving his tight beard hairs too close?
Read the link ZH posted earlier - Bernanke lost the battle sometime last year, he just doesn't know it yet (or maybe he does)
http://www.zerohedge.com/sites/default/files/Jens%20Parsson%20-%20Dying%...
I like. +1
i loved the cat called thunder dome yesterday who said gold and silver's gains were illusory, as if we few, we happy few, we band of silver holders had not seen any gains in our net worth.
but you can bet that if he held lulu or baidu stock the gains would be rock solid.
platinum just took a bullit. flashed down to at least 1840 then right back to 1880 and continuing up.
I can raise rates in 15 minutes.
BSB
He can but he won't, a repeat of the Great Depression is not going to happen on his watch.
No, this Depression is going to be much, much worse in terms of the toll on human lives.
Raise rates..?? Really..?
The gov't already struggling with huge debt..
Raise rates..? Not sure about that...
I sat through a portfolio manager's presentation yesterday where he opined that because of inflation GDP will grow average 5% per year, and that means in ten years there will be do deficit. Really?
don't worry Ben, keep talking
Obama, Geithner, and Bernanke are scumbags.
Ben Midas-tongue Bernank..
I gave him this website and asked him to confirm his math. Oy vey....
Standing Liberty Quarter is one of the most beautiful forms of
pre 64 American currency to date.
I'm a Merc man myself, but I do kick myself for not grabbing a few of those in the 60s when they were a little more reasonable. It is a great design tho.
Agreed, Mercs, and Walking Libs.
Wake up silver, please wake up, say something, anything.....
Silver's just gone to the washroom to freshen up, she'll be back, relaxed, refreshed, and a ready to go soon enough.
the jens parsson inflation book / article from the other gold thread is a good read.
I thought it was overly long-winded and, while insightful, inconclusive.
there is no gold price only zuul
+25 Ghostbusters Reference!
Well, someone's buying platinum today...it's gone vertical to 1873.
Preventative strike to preclude cornering / massive upsurge? Given the usage rates [industrial / Russian minor] and rarity, you're seeing some real time hedging?
Anyhow.. everyone knows 10 GP = 1 PP.
Why?............I do not get it.
Unless one of the biggies,has stopped export sales.
A month or two ago there was an article on 24hgold that China had mentioned an intention to start building up reserves of silver and platinum.
I noticed it in passing but didn't file it b/c had other things to attend to at the time. So I'm sorry, I can't put the link here for you and Google isn't my friend in a 30-second lookup.
China did recently buy $3B worth of Zimbabwe platinum. I remember there was a bit of an uproar at the time.
http://www.ibtimes.com/articles/109068/20110204/china-offers-zimbabwe-3-bln-for-platinum-report.htm
Again, priced in groceries gold is only up a tad
Yeah but you can't eat groceries.
Cesium 137. It's what makes groceries survive. You can't eat me nanananana.
What about potatos I hear they only cost 5 bucks to dig out of the ground!!
Legal Eagle... member for 1 week and 2 days... Yet another troll flocks to ZH... get lost LE...
because the price of Gold is a constant measure of value. Priced in Gold, the cost of a new pair of shoes has not changed since the time of Julius Ceasar....But you can't pay for groceries with gold and you sure as hell don't get paid in gold.
Maybe I am missing something, but the dollar is down only a few bits in the last three days, not exactly losing control......
Look at the 1 month it looks like a cliff and it did break 73.
the problem is that you are only looking at the last 3 days...look at the last 3 months. That tells the story.
The Fascist of Omaha Warren Buffet has been in Asia telling investors not to invest in US dollar assets . I wonder if he is giving his fellow Fascist at the annual meeting the same message. More USD holders are waking up and smelling the Fascism.
I will cheer when his ChiCom "friends" give him his commupance. Karma's a bitch....
Anyone with a good link on refining scrap Silver in quantities of 50-100 oz? I am being asked 30 % of the Silver content which is absolutely unacceptable. Thanks.
Heck at that amount, just buy a small melter and cast your OWN bars. 30% is armed robbery.
It is crazy they are charging in percentage at all, rather than a fixed price. 30% is robbery, like you said.
edit: actually, they are not crazy at all, but it would be crazy to part with 30% for that service.
Check w/Quality Silver Metals..............maybe better.
I was thinking more about trying to do it myself, as I reckon I could save some Silver that way. Still thanks very much.
How about selling it on ebay? I imagine you will find people who are paying closer to spot than that.
i think the bernank gets his jollies by saying things that kick the dollar in the throat.
Bwahahaha! As Peter Schiff commented on benocide: Fed chair economic policies as successful as the Titanic crossing; a few survived.
Maybe comex can't settle the promised silver and the clients don't want paper and so they rolled them over from silver paper to gold paper promising delivery with x days, to buy some time.
Shit smoking the bong again. Ok, now I'm hungry.
Looks like a market is being created for new silversmiths
Well at least something is starting to brew.
http://www.bloomberg.com/news/2011-04-29/goldman-sachs-jpmorgan-face-eu-antitrust-probe-of-cds-market.html
as always...nothing will come of that.
A tale told by an idiot, full of sound and fury, signifying nothing.
They punished those evil panel price fixers too. By taking half of their booty.
The FRN is just asking to be cremated!
It's all so bizarre and twisted that I am beginning to think that I wound up in some parallel universe where up is down and bad is good.
Ahhhhh..... You are now entering the 'Bernanke Zone'!
shhhhh QUIET!
Please let the Bernank speak!
lol, getting wealthier with every syllable!
Copper could be v-bottoming today, JJC has been weak most of the day but BVN, FCX, SCCO are coming out of the hole early.
Could it be? Maybe? Maybe not? STFU.
What's Ron Pauls official site where I can donate to his campaign?
If Huckabee or Trump is President I'm gona' lose it.
Think Hucabee is dumping his bid.
Anytime you get beat by Trump...........you know to not waste your time.
Think Huckabee is dumping his bid.
Anytime you get beat by Trump...........you know to not waste your time.
Silver moved a NICKEL.!!!!!!!!!!!!!!!!
I don't think Ron Paul is accepting campaign donations for president 2012 yet... because he only formed an exploratory committee...
But you can sign the petition urging him to run:
Ron Paul 2012
If you are progressive, conservative, libertarian or middle of the roader... it does not matter. Ron Paul's positions benefit all citizens:
Oligarchy or The People
It is us or them... Incumbents = Bribed, corrupt Wall St TBTF/ Corporate Shills, Stooges and useful idiots. Congress needs to be clean slated.
Vote Out ALL Incumbents At ALL Levels
And keep voting them out until you affect change. We have seen the work of "Professional" politicians. They are worthless, clueless, pocket lining, bribed, corrupt, self serving douche bags (Did a picture of Obummer, Dodd or Bone-er just appear in your head??).
Let us vote in citizens not career whores... There are very, very few in Congress that deserve a return in 2012. Ron Paul being the best example regardless of a presidential run.
Worthless US Elite Political Class Got Us Here
This derivatives driven financial collapse was a failure of the worthless US elite political class as much as the criminality of the Wall Street TBTF zombie banks... Barry Soetoro, the long time CIA asset (bitch) and Wall Street TBTF puppet has got to go...
<RANT><OFF>
you have already lost it. So don't bother losing anymore.
Huckabee for president - friend of poor and enforcer for wallstreet.
Gold leads now.
By the way, I presume "Bathtub" Becky will be in Omaha this weekend? I wonder if she is named as a benefactor in the old man's will......
Heh, that old man is infatuated with those pouty lips, oversized butt, and that pasty white, splotched chest that looks like the bottom of the bathtub in my crummy 600 sq. ft. Hollywood freeway apartment.
LOL.....
actually it's a dark, dingy 600 square feet apartment overlooking a crammed, congested los angles freeway.
have a nice day.
lol.
Actually, noho is kind of a garden spot in LA if you dont mind tweakers and strip clubs
Tyler: You mean: "The second The Bernank opened his mouth at the Community Research Affairs Presentations or CRAP...."
Ben "Hannibal" Bernanke : “I Love It When A Plan Comes Together”
looks like spy's .22% gain continues to pull gold up screaming and kicking by 1.65% (gld) as zh's resident genius rt would have us believe.
This keeps up TURD is going to be way early, and Mr.Sinclair, will have it bagged also.
Ben has similar effect as Hillary. When Ben talks, gold goes up.
When Hillary visits a foreign ally, natural disasters strike. So far, New Zealand, Australia, Japan, Indonesia got the Hillary mojo...
It won't be long and the masses will be wanting in on physical silver/gold(Speaking of America mind you, other nations already have started as many know here on ZH). I've been getting calls from folks that would have never thought about it until recently. But by the time this happens, we will all be lead down another chute to another pen of lies, deception and seduction. Nothing stops the coming storm that has been brewing since before I was born. It's all a means to an end, pieces of this jig-saw puzzle we call life. In pieces it's hard to see but once all of them fall into place the picture is there staring us right in front of the face. I suspect end of dollar soon, along with everything else we are used to. People will be begging for another hope and change when this happens and get the same result because we(generally speaking) always want the slogans,phony saviours and easy ways(not studying ourselves, half butt study or from slant view, hand-outs, easy money, ect.). All we can really do is prepare our families and prepare for our familes/loved ones the best we can for what is coming. Whether thats silver/gold, food, ammo, water(filtration, ect.), w/e. One thing I've learned is, history is always repeating itself. Nothing new under the sun. Just like everytime Ben speaks things get worse. I know what your thinking. "Worse? How are things worse? I own physical gold/silver. He talks, I gain." Because when it is all said and done this does not end well for anyone. That being said. Keep stacking!
I am not expert on PM. I just noticed that Palladium
lagging behind other PM and several days ago I bought several shares of
Palladium ETF in SwissStock exchange (symbol ZPAL).
Do you, guys, think it is a good idea?
Thanks.
We need Uncle Ben on prime time...every night...day in and day out...he is our friend...the more he talks, the more $$$ we think we are making.
Weird how silver diverged south against gold's surge today.
Any thoughts?
Two reasons.
#1: The rise is gold has been fairly linear and measured, and therefore doesn't scream "fiat currency is collapsing"... while the rise in silver has started to look exponential lately, which screams "fiat currency is collapsing". Therefore, the predators-that-be who rely on the suckers of the world playing their fiat, fake, fraud, fiction, fantasy, fractional-reserve ponzi game... realize they need to focus their efforts on silver.
#2: The silver market is vastly smaller, so the predators-that-be can manipulate it much easier with a limited "investment".
I see the PPT had to do the big stick save on silver,to stop it from hitting $50. Fuck you PPT. We all know it should/will be there.
Ya silver diverged south because of the "Goverments financial working group
AKA....PPT....
The Fucking Pig-Dog Manipulators at your service,paid for with YOUR tax dollars.
Stop feeding the dragon you guys/gals.
I stopped buying Gold at $260/oz. I am a bit concerned about bits of information I get alleging just who is buying Gold now. The tin foil hat theory is that the planned one-world currency is supposed to be backed by Gold. I am a bit conflicted about that. I don't want to aid and abet the banksters. I'm going to hold what Gold I have for my estate and focus on Argent. I am puzzled as to why Gold investors are satisfied with the second rate price performance from Gold as compared to Silver. It may not be just a coincidence that the price of Gold went up as Bernanke addressed the public. The banksters have had hundreds of years to practice their deceit.