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Tomorrow is going to be a great day!
You are a gold guy. Do you have any ideas why gold and silver didn't catch a haven bid today?
Nothing moves in a straight line. There will always be corrections as gold and silver climb the wall of worry.
Don't let the dunces and delivery drivers get you down. This is nothing but healthy consolidation.
Holler, King Dollar!
Can't buy the dip until you end the slip
I don't know what that means.
Why am I not surprised?
You have to be able to think to be surprised.
holla for da dolla
US dollar and 10 year treasury have bottomed, everything else has topped, copper called this inflection point early but everyone said "this time it's different"
silver paper (SLV) bugs man the lifeboats
Remember, the paper "crimex" prices are for paper. Not metal. Real Gold / Silver costs more. Not only costs you more paper fiat to acquire, it does not change much day to day.
Turd Ferguson would be the guy to ask. I too would have thought gold would have gone up.
But, it is important to understand that I do not trade gold. I buy and hold it. I am in FOFOA's camp:
I wanted to test support this week, thought that since last weekend, and I have support at $1407. This is just the way it goes, gotta wind it up to let it go, technical stuff. SLW isand has been on the 30 week moving average since June/July of '09. When SLW breaks out then it also pulls back sharply because playing both sides of the elasticity generates the largest amount of gain.
JPM shorts, they hit, then China buys. Then JPM shorts, China buys. On and on. All the while Bernanke gets to run the world, or, Obama, whoever.
"On and on.."
Yeah, until it ends.
Picked up a couple hundred 1oz Ag rounds today -- cheap. Under $35. Never thought I'd see that price again.
SLW: increased my position on the 7% off sale
AG (First Majestic): 12% off; had to buy more
I'll be grinning about my winnings in a couple innings. Think of how cheap 35 will seem when its sitting at 50.
Hmmm.... and i thought it was cheap when i bought it at $13/oz. Wish i had more fiat dollars to play around with; When's bernanke going to rain money out of the helicopters?
Gold and silver are usually the last ones off the dance floor when the music is readu to stop. One reason for this is that when faced with margin calls traders sell the metals last. The trading today in gold and silver suggests that margin liquidation is taking place. When that happens, everything goes out the window.
This is great for accumulators, so BTFD in gold and silver when you get a nice setup.
Physical metal will not sell off much if at all. The paper markets will fluctuate in response to the COMEX/JPM games being played but physical prices and global physical demand will hold steady or just ignore the paper market and continue to rise unabated. At some point soon physical delivery demand will overwhelm COMEX.
Because the Fed inflate-a-bubble has failed again and rates will be rising as global economic growth collpases.
Rising rates have killed every gold rally since the rule of Valentinian III
Rates can't rise the interest on the debt would crush income. Right now 1/3 US debt pays for the "right" to use the dollar as a domestic currencie. Raise the rate marginaly and that goes to half. The US would be forced to cut its military budget. Ain't no way that is happening.
Not only are you betting on it you're getting lousy odds!
Half of PM move the down is the result of relative strenthening in the USD (kitco)
People sold stock(s) and bought FRNs. When the $ goes up, Gold & Silver go down (usually!)
Who needs POMO when you got the ninja's of the PPT?
Ben Bernanke will make sure the Dow Jones closes today over 12,000.
He's real big on psychological barriers. Anti-christs are funny like that.
Exactly!....and they will be out in force tomorrow.
Dow closed at 11,984.61, on your planet perhaps it's still above 12,000. :>D
not sure bud, looks like a set up for commodity sell off tomorrow
Keep in mind: Ag & Au are money, not "commodities".
Even Halliburton is down today. What is this world coming to?
To the end of fiat, my friend.
"In other words, the current price of gold means that you are buying a slice of the world’s gold supply with a proportionately smaller slice of the world’s money. You can currently buy x% of the world’s gold with y% of the world’s money, where x is much bigger than y. When gold will become the unit of account of the world’s wealth, you will find yourself able to claim a much bigger slice of that wealth than you would have been able to do with fiat money before the collapse."
As they used to say in the '80's...
It's on like Donkey Kong...
And the struggle into the close to stay above 12k and the 50-day on the S&P
You don't think they'll toss 7 billion down the POMO-hole just cuz its not on some schedule?
sexual prey in the saudi jungle.........a look into saudi society
What has me befuddled today is the rush to Treasuries..."security"...but gold and silver are down...to me a better security...WTF
It's called the "zombie effect"
The people that buy stocks and bonds don't know there's gold and silver out there.
Silver, my homies.
I'm going to create a robotic army of protesters and they will look like this:
When they are not protesting in my chosen locations they will be trading in the pits of the CBOT.
"emotional affordances in human robot interaction". It's coming to a town near you.
[Skin on / Skin off]
JUST closed below 12000. Only 50% more to go!
"Hey Abdul, what are you going to do? What do you say after prayers tomorrow we loot,riot and grab ass blonde bimbo reporters?" " Sounds good to me."
"What about me?", shouts Mohammed Bruce. "Anbody seen Anderson Cooper?"
Arabs are fierce people but not easily fooled. If a bernank showed up with a chart that said 32/47 virgins was enough, we can give you a ukrainian nurse and an F-14.
Anderson Cooper (a Vanderbilt I understand) is a little biatch who got biatch slapped in Tahrir square and went home crying to mommy.
yucky stuff to hitch your wagon to post modern perfume. I got "honey badger" and the american counter part on my shoes and arabian carpet right now. But the chickens are safe from kadaffie.
- PePe le France me something.
Sell the fucking shit
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