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Silver Approaches $38
While the DXY continues to languish in the depths of Ben Bernanke's sado-maso dungeon, money allocated to new reserve currencies: gold and silver continues unabated. Earlier, gold was on the verge of breaking out to fresh all time highs, while silver at last check just hit a fresh 31 year high, pennies away from $38. And just $10 dollars from its all time Hunt Brothers nominal highs.
And while it is more than obvious to all what is precipitating this flight to a self-imposed gold (and silver) standard, here is Reuters attempted take on explaining things:
Gold and silver prices rose on Thursday as jitters over the euro zone sovereign debt crisis, violence in the Middle East and worries over radiation leaks in Japan conspired to blunt risk appetite.
Gold prices climbed back towards record highs above $1,440 an ounce and silver touched a fresh 31-year high at $37.72 as investors turned to precious metals as a haven from risk.
"Given the geopolitical environment, concerns about Portugal and other peripheral countries, euro zone debt concerns and the still extremely low interest rate environment, it is not surprising the trend is your friend," said Commerzbank analyst Eugen Weinberg.
Concern over the indebtedness of some smaller euro zone members returned to the spotlight on Thursday after Portuguese prime minister Jose Socrates resigned, a move set to dominate a summit of EU leaders starting Thursday.
Among other commodities, U.S. oil prices extended gains on Thursday, rising back above $106 a barrel as concerns over ongoing violence in the Middle East and North Africa outweighed worries over the financial health of the euro zone.
Gold tends to benefit from higher oil prices, both because it is sometimes seen as a hedge against oil-led inflation, and because it is often traded as part of a commodity basket dominated by crude oil.
Western warplanes hit Libya for a fifth night on Thursday, but so far have failed to stop Muammar Gaddafi's tanks shelling rebel-held towns or dislodge his armour from a strategic junction in the east.
Other clashes have been reported in Yemen and Syria in recent days.
"Risk appetite remains hobbled by geopolitical tensions," Credit Agricole analyst Robin Bhar said in a weekly note. "The Libyan crisis has, if anything, intensified over the last week with the advent of Western bombing."
Elsewhere, concerns persisted in Tokyo over radiation leaking from a nuclear plant crippled in the earthquake and tsunami that hit northeast Japan earlier this month.
As usual, any "strength" in stocks will be merely a reflection of the ongoing decimation in the dollar, with the real value of the stock market unchanging, and only superficial cable propaganda channels extolling the virtues of nominal price changes.
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where's the JPM bankruptcy filing? I thought $36 was supposed to bring them down.
Unlimited access to the Fed window can carry you a long way.
@ BrianO
dewd, do you have any idea. jp morgan has 2 trillion in assets. they have about 176 billion in stockholder equity (according to their gaap certified financials). there are rumors that they are short about 1 billion ounces of silver. if that's even true then silver needs to go to a few hundred an ounce before they loose any sleep and ask for a bailout.
@ Careless Whisper
Exactly! JPM/Blythe aren't losing any sleep on the rise in silver (they may in fact be net long, but that's another story). Silver could go to $50 and JPM will still likely be reporting perfect trading records.
But the silver bugs need a boogeyman, for some reason.
I hear paper numbers
Please don't buy any silver.
Neither of you.
You don't deserve it. I would hate to see people like you get rewarded.
Anyone bearish scares the hell out of you dont it? hehehe
lol, whatever you say, Willy the Coward who had to change his name due to his cowardice.
I am so glad that bastard changed his name. I used to just cringe when I saw his drive-by trolling posts. I hope he gets fired from his trolling job.
I seriously doubt he's paid to do that. If I were to sponsor shills, I would want someone who could argue intellectually. WTB's posts basically just amounted to the intellectual equivalent of "I'm rubber, you're glue", with a lot of curse words thrown in for good measure.
thank u for that...
now all chumps move along....
This. Blythe prolly hasn't even heard about Max Keiser, the climate change-banging Israel-bashing moron.
(you may junk me now)
first, i'm long silver and gold. but not because of max keiser. you are correct, he promotes the cap & trade fraud scheme that will benefit the criminal bankers, yet he hates goldman and jp. pfffftt. right. and while france leads the war on libya, max keiser remains silent, while he dines on millefeuille at restaurant du palais-royal.
Anyone making investment decisions on basis of a showman deserves to lose everything.
Max Keiser is an entertaining doofus. So is Jeremy Clarkson when it comes to cars. That doesn't stop me from watching either, because as previously stated - they're entertaining.
jeremy clarkson has the best job in the world.
There is no way they are long, you are on crack if you think you can continue the worlds greatest ponzi long PM's, that the most absurd thing I've heard in this rally.
www.silvergoldsilver.blogspot.com
They probably just printed a fresh batch.
You know paper SLV and metal is the same thing these days.
What a stupid argument. Yeah, they might have $2tn in assets, but you "forgot" to mention they have $1.95tn in liabilities.
Right up there with Spalding counting CDS notionals as "debt".
+++
If the accouting rules were changed to discourage fractional reserve banking (which would be simple: you're not allowed to count the liability of others to you as an asset) then their assets would fall probably 95-98%. That's why the morgue needed a bailout when Bear Stearns went down, because the spiralling debt deflation would have taken down JPM, Goldman, and all the others
Yes. JPM is not going bankrupt. Buying PM is a good means for catching the money that the FED is firing out of its "bazooka", however.
Every single person here has pom poms a shaking
Whatever you say, William the Dumbass.
Read this, dumbfuck, and tell me how you feel.
Roger Weigand, usually on the money.
http://www.kitco.com/ind/Wieg_cor/roger_mar232011.html
They have bought time by becoming a COMEX registered vault. It took them two days to get permission to do this, a process that takes 45 days for everyone else.
In the immortal words of Jay Sherman "It stinks!"
don't piss JPM off, or they'll dump their EXK shares and naked short HL.
does anyone know for sure if jpm are still net short? there's so much speculation about it that for all we know, they could actually be net long and enjoying the price rises fuelled by everybody intending on 'killing' them.
just a thought, rarely entertained in here despite the fact that probably no-one can prove whether jpm are net short ot long silver
french, HOrgan reports on silver contracts that are being settled for CASH. not silver. is it JPM many think so.
Bless Wynter Benton, still investing buying PM's and PM stocks, with them and seems they are for real..buy the contracts then sell for big premium each month is working..Silver is out performing gold each month ..so something is pushing it, JPM caught in a short squeeze could be one factor.
Either short or long they lose metal, damn sure do if short,and cause a DIP.
They went to Copper to make up the difference.
Mr. Rockeller, just how much money is enough?, Mr. R,
Just a LITTLE more.
Looks like JPM is hurting bad, they had to register as a comex vault!!?? Hmmmm It took two days to register, normal time is said to be 45 days. Looks like someone was in a rush to deliver silver to themselves.
Will JPMorgan Now Make and Take 'Delivery' of Its Own Silver Shorts?
http://seekingalpha.com/article/259549-will-jpmorgan-now-make-and-take-delivery-of-its-own-silver-shorts
Yeah. Their "vault" is probably about the size of my post office box.
Just had a phone solicitation for a U. S. Bank credit card. The guy asked me if I still lived at P.O. Box whatever. I said yes, but it was starting to get a big cramped and I might move up to a nice, roomy dumpster. He cruised right thru the humor and continued to read from his script. Sad bunch o' bastards.
Not to worry! JPM is on the way!
MATH MAN, I MISS YOUUUUUUUUUUUUUUUUUUUUUU!!!!!!!!!!!!
Reuters: "jitters over the euro zone sovereign debt crisis, violence in the Middle East and worries over radiation leaks in Japan conspired to blunt risk appetite."
Those are the same jitters that are making DAX +1.8% today, correctamundo?
+1 Jittery fat finger
++++1 jjjjjittery ffffat ffffinger iiiindeed!
ORI
Short Squeezes coming if SPX above 1320
Watch them
...worries over radiation leaks in Japan conspired to blunt risk appetite
C'mon. Really? They're not even trying anymore. Are humans auctually writing this stuff anymore, or is it just auto generated?
is this real or a game?
WOPR HTF: what is the difference?
Actually, they just have a half-dozen hot keys, that spit out the tropes in various easily digestible combinations...
No, when your a dumbass journalist, and a sheeple,you print what makes you ticky.
Having no clue as to the real reasons.
Some vault operators are more equal than others. JPM appears immune from processes that everyone else must suffer through. On March 15, 2011, the Commodity Exchange (COMEX) and the New York Mercantile Exchange (NYMEX) advised the CFTC that they had approved J.P. Morgan's application to become a licensed vault facility, using a "self-certification" process. The newly licensed vault,...read more:
http://seekingalpha.com/article/259549-will-jpmorgan-now-make-and-take-d...
This buys just some more time.
Ha, transfer from one hand to the other, then tell everybody what the price was. Brilliant!
using a "self-certification" process.
yeah that sounds groovy
Using the same self-certification process, I have determined I am worth $1.5 quadrillion.
Now, who want to buy 1% of my net worth? I will sell it at a bargain price of $1bn, but you have to act fast, because there's only 100% to be sold.
$1.5 quadrillion, eh? Would you like to buy a derivatives bubble?
Hey, I'm already trying to sell one!
hehe
JPM moved operations offshore, and now this. Desperation.
More proof they're all crooks and the COMEX is owned.
Allows JPM to be in charge of good delivery standards of the Tungsten.
I read the fact it happened in 3 days instead of 45 as total desperation. They are indeed, out of silver in the warehouse, at SLV, and at the LBMA.
Just imagine when the SHEEPLE wake up, and the RUN starts...............
The only Silver to be had will be found at a supermarket as loose change,spent by mistake.
This is like playing Monopoly with someone who gets to rewrite the rules everytime he gets in a bind.
They must have redefined the words "free" and "fair" when used in the context of today's market.
I think I'm going to kick the board over and go home.
I've been watching it go up the ladder.
Sweet. New normal.
How do ya BTFD when there's no D??
when silver hits 40, 38 will look like a big dip. when silver hits $50, $40 will seem like a fantasy. keep buying. it's still a bargain.
it dipped to 33.50 or so a week back
dips just arent as big as they once were
except the human kind
the last real dip was $26 a month or so ago...bought with both hands
there will be one more then the dollar will disolve
Methinks it's higher lows and higher highs from here on out.
And I'm still curious and would love an answer from any PM genius here.
It was stated that a couple of thousand Kilos of silver were blown to smithereens over the Libya Sands last week, Saturday. The process continues un-abated.
War, ugly war, consumes massive amounts of silver to extinction every day. And they need more of it, there is no current (sic!) substitute for it in electronics yet on a cost effective basis.
So, is war Silver bullish? It's not the most abumdant material on earth.
ORI
http://aadivaahan.wordpress.com/2011/03/24/lets-start-from-the-very-beginning-a-very-good/
All 100 plus of those missles that got SENT, had a good amount of Silver in them.W/out it, they could not fly.
Slvr will be declared a Strategic Metal in the near future, Solar panels need a ton of it.
Agreed. The fact that war is silver bullish is a bit of a bummer for an essential pacifist (me).
ORI
You wont see a 10+% pullback like that for a very long time.
After moving from $36.11 to $37.25 or so yesterday, Ag spiked to $37.85 this morning near 7:40 EDT and then dropped about 30 points in the space of 30 minutes.
Looks like that's the kind of D one has to work with these days. Stop runs seem to predominate the rapid rises and falls, especially during the hectic pre-opening minutes. A look at the 5-minute chart often will show gap action highlighting an attempted running of the stops. Manipulation does leave tracks, IMHO.
Disclaimer - long phys, fiat. BFTD!
The Dip was yesterday, as always. You must buy today so you can tell everyone you bought the dip yesterday.
They will just settle in cash with 100 % premiums or more.
And there will be a rule change: cash-settlements depending on JPMs will.
That will in an instant make the LBMA/Comex worthless for entites which require actual physical, and it will all move to Shanghai, Mumbai, or some other exchange ready to setup PHYSICAL ONLY trading.
Already IS a cash settlement clause.
SSSSSSHHHHHHHHH. You know Blythe the Bitch reads ZH. If you cheer to loudly she will sell more of that SLV shit to dumbasses and drop the price. Cheer, but cheer softly.
Up a $1 a day keeps Jamie Dimon away
Something strange is going on. If silver reaches 45 USD in few weeks, what would it mean for stocks? There must be a spike as well, i guess, and then a correction, as in this silver graph. But why?
I made this prediction graph on March 13 where silver tops at around 45 USD at around week 1 of April. What could happen? A strong quake aftershock in Japan that destroys Fukushiima? Why would that affect silver negatively? Or gold? because of imminent recession and temporary deflation?
http://www.saposjoint.net/Forum/download/file.php?id=2673
Ivars gold is money and the price of gold is a reflection of rapidly decaying confidence in fiat. Worse problems in Japan will result in more money printing by the Japanese and the Bernanke and further erosion of confidence in fiat. Silver is acting more like money too though demand for it as a industrial consumable will decrease with decreasing economic activity. On the other hand silver has begun to enter a price discovery phase after years of artifical suppression. No one knows where that ends but you might get a hint by looking at the gold/silver ratio. 16 is considered the historical norm.
Worse problems in Japan will result in more money printing by the Japanese
Not only will they print they will/are calling in currency from all over the world now(Yen),to keep from havng to print.
http://trendybull777.blog.com/2011/02/21/hello-world/
make fed flush down
Time to sell grandma's dinner service.
Thats funny, I bought 9 old Morgan Dollars from a guy yesterday for 25 bucks each. I know they are not solid silver but figured they were worth that. I did not really want them as I have a fair amount of gold but what the hey I guess every one needs some silver lying around just in case.
good buy - one Morgan silver dollar contains 0.77oz of silver. The melt value of a Morgan right now is $28.94
Thanks for the information. I was not sure if I bought them right or not. Maybe I can solder some CCs (Carson City Mint)on em. LOL
Yes! 90% silver 10% copper
Total coin weight: 26.73grams = .8594oz X 90% = .7735oz silver
Same guy has 20 some Peace Dollars for the same price. I know nothing about coins and just bought the Morgans because I think they are a Purrrty coin.They look so old Wild West. Are these the same silver content as Morgans? If they are I may be going back to the flea market today.
Absolutely, go get 'em! Just make sure they're not chinese fakes. They should weigh roughly 26.7 grams each. If they weigh a few grams less, they're fake.
Nice buy! See if he has any more!
edit dp
OT - Is your avatar a pic of Jesse Preston?
If so, good for you sir!
Rocket ship.Got Silver?
Bby surging 4% after missing eps, revs and guiding lower. Comp store sales down a lot.
Pcln at all time high with oil surging
Nflx up because eh who cares.
Blythe is soooooooooo phukked. The vigilantes have their algos buying every dip in real time.
Durables down.. markets don't care...
No why would it?
Businesses need to stop hiring and producing. Just have the fed mail them checks directly. Much easier.
Major Leauge OT, but this scummy bstd needs a good hanging, he is so far up the ass of tearing this country down he needs to be contracted.
http://www.mrc.org/bmi/commentary/2011/Unreported_Soros_Event_Aims_to_Remake_Entire_Global_Economy.html
Gold is down.
As ZH reported: Silver broke it´s golden shackles
http://www.zerohedge.com/article/guest-post-silver-breaks-its-golden-shackles
NO, Au is not down; rather trading within an $8 range which is nothing more than everyday noise in the timeline. Anything over 1442.50 spot will be a 'rise' and below 1434 could be considered as a 'drop' - the trades in between are nothing more than static noise. Again, IMHO.
BTFD
http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=123382&sn=Detail&pid=102055
I would wager if you could get the stats for TOTAL tonnage held, by Indians Banks and individuals, they would be #1 in the world.
I have a Indian Jewelry Store close to me, the jewelry there is all 22k, and is Beautiful and the necklace are intricate and most are HUGE, and not light.
Haven't been ion but once since the jewelry is Indian specific for the most part.
I wish we could get gold and slvr here at the prems most non american vendors pay, a $1.00-$4.00 over spot is a mouth drooler.
I work at a large hospital & interact with hundreds of people a week. There are only a small handful of doctors that are buying PM's or PM stocks (several just because I recommended it), and I've not heard of any non-MD's buying PM's. This PM run has a very long way to go.
People and probably central banks in the orient and middle east are buying.
I'am a RN and I dabble in both metal and miners. Lots of folks have food and goods stashed away, but, this is Utah!
. . . and nurses have more sense than doctors!
No need for bankruptcy. JPM is working on a plan with the COMEX and CFTC. For starters, they’re going to blame it all on the Hunt Brothers again, throw them in jail and seize their assets. Next, they’re going to deliver 162 ounces of copper for every 100 ounces of silver they’re short based on the argument that copper atoms have 29 protons and silver atoms have 47 protons. Hey why not? When you’re a central banker, you can rationalize anything as fair and reasonable as long as it makes you a profit.
In that case I'll settle in Platinum-190, Tritium or Iridium. :)
Won't be satisfied until the Silver - Gold ratio is 15:1 -- (i.e. Gold $1400, Silver $93.33 repeating of course) Leeeeeeeeeeeeeeeeeroy Jennnnnnnnnnnnnnkins!!!!
At least I have chicken . . .
The Gold/Siver Ratio has broken past the low last seen in 1998, and is now the lowest it's been since 1983!
Manipulation has caused tremendous imbalances that must be corrected. According to Israel Friedman, Ted Butler's mentor, the true ratio will one day equal the price of Gold then go lower still (an ounce of silver worth more than an ounce of Gold)
The attempted excuses of many, as to why PMs go up, are such bullshit, it's unbelievable. Show me a US annual deficit <$1T. Doesnt have to be <$500B [SHOULD be] ... just ... let's see you do <$1T tough-guy! :P
Can someone explain why APMEX and Kitco have divergent spot prices now? Also is anyone seeing further signs of price divergence locally or on other internet pages?
Apmex has been buying Silver Eagles for $2 over spot and selling them for $5-10 over spot. This started when Silver took a dip in January. Physical price didn't go down nearly as much as paper. It's getting harder and harder to find cheap, generic 1 OZT rounds. 6 months ago you could find 'em for $1 or less over spot. If you can find 'em online for less that $2.50 over spot, buy!
another question: why do gainesville coins and provident metals ALWAYS have better prices than apmex? why do people still buy from apmex when they can just buy cheaper from GC and PM?
blythe just showed up to perform her lap dance and take her turn at the pole for the addience. ben's been tipping her with hid fat finger cash. next!
THIRTY EIGHT M'FERS!!! EAT MY SHORTS BLYTH!
looks bubblicious to me,
The US Dollar is the bubble. Exit paper-Enter metal
Serious question, how much of this rise in PMs is related to currency destruction and rejection of central bank policy vs. POMO money being poured into commodities for speculative purposes?
In dollars, euros, yen or percentages?
More of an open-ended question...fundamental rise vs. POMO-infused rise.
Must Read
Congress vs Big Banks....Which is to Blame?....3/Revolution/Starve the Government ...
http://seenoevilspeaknoevilhearnoevil.blogspot.com/2011/03/congress-vs-big-bankswhich-is-to.html
Wrong Side Up...OT Comedy 2 min short...
http://goodthoughtsgoodwordsgooddeeds.blogspot.com/2011/03/wrong-side-upfilm-short.html
probable strong resistance in may comex silver in the 38.555 to 38.840 range.
by the way, this one worked out:
http://www.zerohedge.com/article/catching-technical-analyst-stars-charle...
There has been recently very strange behaviour of stocks despite bad news all around, and USD despite instability and wars all around. That leads me to think that we might see a short spike in stocks, silver, ( up to 45 USD in first weak of April) gold, and USD ( USD value drops ) within few next weeks.
However, I think that this spike will be corrected, i.e. stocks will turn down, USD up, silver will have almost 40% correction and so will gold. May be the first profit reports for Q1 will be disappointing on top of growing oil prices and global instability.
Why , I do not know, but things are getting too strange for them to continue ( of course, we may be unleashing USD inflation in big numbers, but something tells me that is not going to happen).
What event would cause a sharp correction in silver and gold prices? Demand drop, or heavy increase in instability leading to expectations that USD will remain safe heaven, and inflation will not happen? Increase in FED interest rates before ECB?
What do You think- for Gold and silver to undergo major correction, what has to happen?
For silver to drop the US congress would need to develop
a plan for balancing the budget by 2015 without raising taxes...
i.e., buy silver and keep buying it!!!
You need to buy more AAPL and NFLX, asshat!
Silver will be $256 before we see a 40% correction and even then, it's unlikely. Silver is money, moron. Go back to your couch, play with yourself while watching CNBC.
Fucking douche-bag.
STFD bitchez...
Just kiddin!
Here we go, http://www.mrc.org/bmi/commentary/2011/Unreported_Soros_Event_Aims_to_Re... Thank god for GS ! With out elite leaders like George with our best interests at heart, where would we be? Thank you George!
man, those New World Order mother fuckers never waste a orchestraited crises do they...
fuck Soros's Bilderberg ass...bomb the conference...
WTF is going on with GPL? I almost swollowed my fish.
http://www.benzinga.com/pressreleases/11/03/m949111/great-panther-silver...
Is this a BTFD in GPL?
The buy precious metals because the world is coming to an end trade seems preposterous to me. Let's say fiat currencies go worthless. When you are walking around this post apocolyptic world, do you really think the hungry masses are going to care that you have a big pile of shiny crap in a safe in your basement, or do you think you'd be better served buying a huge farm in iowa and building a fortification zone around it with mercanaries and heavy artillery? just food for thought
"If armies can overcome the obstacles of nature, mountain ranges and oceans, nothing man can build will stop them"... paraphrased from 'Patton'.
In other words, you are clueless.
You have no grasp of what defending a farm would entail and you have no grasp of what will be valuable in a crisis.
What would you pay the mercenaries with ? What do you think their leader will demand as payment?
Just a reminder - with grateful acknowledgement to Richard Russell Good money must have a number of unique characteristics. (1) It must be durable, which is why we don't use wheat or corn. (2) It must be divisible, which is why we don't use a Picasso painting or jade statues. (3) It must be convenient, which is why we don't use lead or copper or real estate. (4) It must have value in itself, which is why we don't use paper. (5) It must be transportable, which means that large values must be contained in a small area (a gold coin weighing only one ounce can be worth far more than fifteen hundred dollars). (6) It must have a long history of being accepted as a store of value. Gold was considered valuable as long as 5,000 years ago in the age of the Egyptians. (7) It cannot "disappear" or be used up in manufacturing as is copper and even silver. Thus, the gold coin that you have in your hand may have been part of Cleopatra's earrings centuries ago. Almost all the gold that has ever been discovered is still available in one form or another. (8) It must not be the liability of any sovereign nation, nor should it require governmental law to make it money. For instance Gold requires capital, talent, risk, sweat and courage to recover or to accumulate. Russell note -- It's possible that gem-quality diamonds can fit all the above characteristics but two. Diamonds are not divisible, nor do they have a long history of being stores of value.
Riddle me this, joker. Why is it that military survival kits - especially for pilots - contain GOLD COINS? Why would such coins be worth something in a war-torn country? Why does the government think that such coins would have VALUE and be BENEFICIAL to a downed pilot?
The gold/silver chart on right hand column hasnt been updating ..just saying
The fucking bayonets are out and hand to hand fighting has begun in the crimex gold pit. Not a huge range, but nasty. I hope I live to see the day they take Blythe out on a stretcher.
Folks, the following comments apply to paper silver only: I am doubting TPTB will let 38 silver calls get exercised a mere 2 days before expiration. I'm long ZSL here with a small AGQ position. I have seen this manipulated market eat my lunch too many times and most of those times have been on a Thursday or Friday and right before gold/silver expiration. I'm going chicken shit. I would welcome thoughts/feedback on how silver can continue this rally into the 38 range without a pullback here. After expiration on Monday I expect a dip (probably to high 35/low 36) and will look to load up long again there. Having said all of that, I would not cry over my losses if silver hit $40 before Monday and The Morge crashed....in fact I would dance on my desk. Just sharing my thoughts and looking for feedback. Cheers.
Well F*** me! Must be lunchtime again. Hey, where's my lunch? Looks like I'll be eating crow and humble pie today. That was fast...no sooner did I get done posting than silver broke through 38.
38 bitchez!!!
Bought just prior to the fucking spike. Locked in a new order just below $38. Just my monthly order. We'll see if I regret it on Monday/Tuesday options/futures expiry.
JP Morgan can only go bankrupt if the Fed will disappear. Probably they lose a lot of money on their gold and silver shorts. But they are fully supported by the Fed. And the Fed doesn't care about a few billion in losses if this can keep the multi trillion dollar con game alive.
However something has changed. 10-15 years ago it was a paper game only. And it was easy to keep gold and silver prices low. But now more and more people, funds and countries are joining the game. And they want the metal. The result: Higher highs and lows.
The need to suppress the metals has almost never been higher than today. All currencies are on the verge of collapse. And although the Fed and other CB's wish lower gold and silver prices. And have no problem with losing a few billion to achieve this. They can't prevent gold and silver from making new highs.
The game has changed and the train is leaving the station. Much higher gold and silver prices ahead!
looks like mag 7 earhtquake in burma or myanmar, middle of golden triangle
long opium
Broke through 38...
So GPL did to its shareholders what the Bernank does to the American people everyday. Slipped the canadian weasel up where the sun don't shine.