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We were 24 hours off with our estimate for $1,400 gold by EOD Friday. Nonetheless, the level has just been breached. It won't stop there.
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Right, any way you slice it gold will at least be a BASIS element is some sort of new world currency that everyone is now clamoring daily for, and to fill that role it would have to be at LEAST $5,000 an ounce!
The central banksters PM puts must be strong indeed!
Honestly I'm amazed that it's only $1400.
Just wait until the masses realize what's going on. It's going to take a while, still.
It's like a damn breaking slowly....the leaks have sprung and are widening.
I have been fighting since 1968. You are seeing and living in good days for PMs. Please be patient, the worm is turning but it's a very big worm and turns very slowly.
Enjoy today! Good luck!
g o t COIN
i am going to purchase a Katana japanese sword, maybe get a gold handle, but probably only comes in
silver, bitchez
Weapons and PMs. You rock girl!
Samurai believe the sword to be an extension of soul. They would refuse to die without it.
Look to Cold Steel, they make very nice reasonably priced very functional katanas.
haha, nice!
You don't have to reload cold steel...
Equities down accross the board but gold at new highs. Is pomo money going to gold now?
Is pomo money going to gold now?
Wouldn't that be sweet?
I didn't know just sitting and hitting refresh on kitco from time-to-time could be such fun.
+1400 (plus)
...what a beautiful chart...reminds me of my sierra mountains of california after a crispy winter snow..."jingle bells, jingle bells...jingle all they way"...but that's the sound of silver in my pocket as i run from the fiat warlock.
But, but gold was supposed to drop, I said so, ...so how is it going up then? It's not fair, it's manipulated! Do you know who I am? Am the biggest imbecile in the universe at this point....no no, let me pull myself together here... well gold is in a bubble and going to 200
Robot, JW are you at the office you couple of lazy bufoons!
Go talk to your new employee, Obama2012 up thread. What kind of host are you (or, er, I mean parasite)?
Beat me to it MsCreant!
VPs Obama and JonNadler are back!
Well, being I couldn't use my other screen names Robot, JW and Jon... og forgot that worm... I made up a new one. How do you like him? What do I get for creativity A, B?
MsCreant, by the way the invitation is still open about going to Jamie's house in the Hamptons. However being that Jamie will soon be Hugo Chavez' butler, the invitation stands for three more days only
I figured by now RoboT would have posted at least several hand picked stock boner charts. Kinda lonely without him around much lately.
JonNadler and Sheepdog bringing in the laughs, and gold up. What's not to like? Even have a newbie over there at JPM, going to have to work him pretty hard JonNadler.
Quite agree you have a limited amount of time to convince beloved MsC to come over there to Jamie's place.
damn you nadler..lower not higher..yopu should whip your staff, clearly they aren't doing there job...and quit hangin' out with jamie. he's a bad influence on you!
A paradigmatic shift is occuring in the precious metals arena. Understanding and awareness will be required for those wishing to enjoy the parabolic price moves higher in the coming months
http://rosenthalcapital.com/blog/2010/11/stock-market-strategy-precious-metals-outlook-reprint-of-rcm-october-letter-to-limited-partners/
Gold, it just keeps going up!
FRN, it just keeps going down!
USDX is up .34 today.
Gold and silver are rapidly becoming currencies again.
come on TD. tighten it up please. We expect a 24 hr miss from GS, not TD... =()
So when does the government declare this a "flash crash" and cancel all the trades?
Are the shorts are starting to stampede out of the juniors,
ECU Silver up 40% in the last week? Any thoughts on how
far it could fly?
soccer dad, how high could it go.... well it costs roughly 5-600usd to mine and refine and coin gold. Silver mining costs ought to be more or less in that range.
But then you see 5 times more gold than silver, so silver is more rare. Also gets used up and is much needed in industry. It will have to be much higher in price for reclamation purposes
Then add in the selling of silver certificates/stocks at a 100 to one oz available and the huge shorts effect. Now consider it has been suppressed along time (20+years)
I have given away 300+ ozs to unexpecting strangers in my town in my attempts to wake folks up. There are moments i have regretted that as now i am down to less than 200. I hope i dont give anymore away but always obey my heart and dont need money of any kind. I can live a long time without money.
Well, that's the biggest number of oz of silver I have ever heard given away. A record. Bravo to you merehuman.
I hope some of those strangers there in town realized the precious gift you gave them.
I would hold what you have left, but I am kind of a greedy & hoarding bastard myself... I WILL donate some FOFOA, though. Already have. Maybe I'll send him $20 every time Au crosses each $100 milestone.
Dumshit and fool i call myself. But at 59 i am gratefull as can be that i am still able to walk. Wheelchair bound twice a year each time, bad disks and bum knees and kept on hanging and taping sheetrock for many years. My utube channel is named 1mealperday because thats all thats needed unless one is working. I was a runaway when young, a hobo later on and only in the last 20 years did i get my material trip together. All i ever really wanted was a place to belong, a family i could call mine or one place i could call home. It never happened, just my fate. But it made me very strong in other ways and so i am thankful for all i have and am, especially the bad things that taught me the most. All that americans are about to be exposed to i am prepared for. Thats worth having.
I wish each and everyone of you the best, we are all family after all, thank the Source.
Most had not a clue. I hoped some of those folks would research what the 999 meant, or what silver is or money. If i saved just one life, if at least one person did the research and stocked their house with food my actions were justified. It actually was a thankless task as i left immediately after giving it and advising them to buy food and left a website.
As i read this i see my ego is bigger than i would like it to be per this evidence of my wanting to be noticed. I would like to think i am better than that. Evidently i have more growing up to do.
+++ and +++ your two posts. Thankless task, bummer. Giving away something precious and little gratitude, well I guess that's America now.
I have managed to read bits and pieces of your life, man, you are one mofo who's gotten banged up but good. At 54, I guess I now am lucky in that I just have 1 bad disc.
After my disk operation (over 7 years ago), I took up Tai Chi. It's worth a look, I love it.
Re growing up, you are so far ahead of me that I would not let it bother you at all. Don't let that go to your ego though! LOL.
Thank you. I agree on the Tai Chi. Working to have a better picture of the future in my head than what prevailing winds foretell.
You sound a lot like my dad, made me tear up a little. You never know what the future will hold, you may end up with a very extended family of people you save. You are definitely on this world and survived those trials for a reason.
ECU will at least revisit 2007/08 ... $3+/ share.
Up over 20% today. Naked shorts being covered.
ECU finished the day up 25 cents to $1.13 Cdn.
......................................................................
ECU Silver Uncovers New Mineralization at Santa Juana Mine
TORONTO, ONTARIO – November 8, 2010 – ECU Silver Mining Inc. (TSX: ECU) is pleased to announce that it has uncovered additional new mineralization in the upper levels of the Santa Juana mine located in the main Velardeña Property.
The A-2 vein was recently opened on level 15.5 over a strike length of 127 meters grading 4.90 grams per tonne (g/t) gold (Au), 386 g/t silver (Ag), 2.55% lead (Pb) and 1.72% zinc (Zn) over an average width of 0.86 meters, including a section that graded 10.47 g/t Au, 354 g/t Ag, 4.93% Pb and 6.39% Zn over 1.10 meters…
GOLDBUGS (AMEX:HUI): ECU Silver Uncovers New Mineralization at Santa Juana Mine
.....................................................................................
A BONUS!
Capital controls!
One can only wonder what will go on behind the closed doors of the upcoming G-20 meeting. One thing is for sure, the rest of the world is really pissed at the United States for the fiscal and monetary train wrecks they have caused. From a fiscal standpoint the U.S. has "out-Greeced, out-Irelanded and out-Spained" the rest of the world.
From a monetary standpoint the U.S. has become a complete joke and seems to be following Zimbabwean policy. It is clear that current policy can only end in complete ruin. The double whammy of foreigners no longer accepting Dollars and refusing to participate in Treasury debt auctions is where this will end up.
China will have lots to say at this meeting as they have become very uncharacteristically and publicly boisterous regarding both U.S. fiscal and monetary policy. The press is so bad that a duel to the death will occur yet it will be reported as a "love in"... anything but. In reality the USSA has only one policy tool left, only a war at this point could reverse capital flows as historically it moves toward the more mighty. Barring a war (even this might not do the trick) the Dollar has precious little time left as the world's reserve currency.
Foreigners surely know that the game of Dollar musical chairs is on and it is only a matter of time before some sovereign somewhere "chickens out".
Many point to Gold as being in a bubble which is ridiculous because less than 1% of Americans have ever held a Gold coin of any kind in their hands. They do know PAPER however. It is paper that is in the greatest bubble ever imagined. Dollars, Treasuries, CMO's, CD's, name it, it is all paper with no value yet bid up to the moon. Someone wrote a very apropos piece a couple of years ago titled "Turtles all the way down" where they described the financial system as a stack of turtles piled one upon the other. The problem being that the turtle at the bottom was hanging in thin air with no base whatsoever.
THIS is the entire financial system because everything is based or backstopped by Dollars which have no backing whatsoever and as you know now can, must and most certainly will be printed to oblivion.
While today the markets are worried about Ireland and Portugal, they are not the problem, The U.S. is. For how long foreigners will continue to accept worthless chits of paper in exchange for real goods is any body's guess. The USSA's trade deficit, and thus standard of living, will collapse like a house of cards once foreigners refuse Dollars and boycott debt auctions. The old saying that the only things certain are "death and taxes", ... add to this "all fiat currencies collapse" as another certainty.
Smell capital controls!
A Canadian airline pilot reported this weekend US CUSTOMS AGENTS asking people leaving the USSA whether they had more than $10,000 on them! THIS smacks of a "fence" being erected to prevent capital flight. The next step is to electronically outlaw capital flows.
This is exactly what is coming soon. Sure! you can leave anytime you want but good luck living without money because it's staying here. "Have a nice day!".
Now all that is needed is a couple more denials of a devaluation and it's a lock. Devalued currency that cannot exit and won't be honored even if it does. Scary stuff indeed!
Got Gold?
Viva LeMetropoleCafe!
How many stories and insolvencies have yet to unfold,Gold and Silver are telling us a tale that is not yet finished.
Parabolic rise!
Seriously though folks, think again. Gold, it's too juicy a target for them NOT to have some answers.
WHAT IF KNOX HAS GOLD?
what it? Worth asking, since no one has proven one way or the other-wise!
ORI
http://aadivaahan.wordpress.com
ZH predicted gold would gain $6 from $1394 to $1400 this week? Wow, they were spot on, really went on a limb on that prediction!!!
your ass was junked...first of many i'm sure...enjoy
I'll second that junk!
Mine will No. 13 if someone doesn't beat me to it!
I was going to be 14 but it became 17 already.
LMAO - godfader has a good point! ZH has made some great predictions, but this was not one of them. What will they predict next? Sunrise/sunset?
Sadly, ZH is pandering more to the crowd lately. Anything that's "doom and gloom" gets posted. ATMs running out of cash? I was sad to see that crap posted on this site. Oh well, I suppose even ZH has to follow a business model.
I was junking godfader's career, more than the individual performance.
I'm sorry, godfader, I must have missed your prediction.
Would you mind posting it again?
You might make a note that I post a comment post-junking.
SO who's the better troll, me or Obama2012? I know we're the same person but I try to give character to these screen names you know. I wanted to be a novelist at one point
Definitely Obama2012. SO who's the bigger troll, me or Johnny Bravo?
I would vote the real thing: Johnny Bravo! Although having REAL BEARS around does stimulate lots of replies.
Did Tyler create Obama2012 aswell?
Johnny definitely holds the spotlight. Especially since "he" could post more replies than physically possible within a specific time frame. There were more than one of him doing tag-team trolling.
I got to tell you, it is tough being Johnny! Posting on ZH as Johnny (first time , not this time) was like staggering into a killer bee nest!
From KWN...
"James Turk - Gold to Rise Over $100 In a Matter of Days" - http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/11/8_James_Turk_-_Gold_to_Rise_Over_$100_In_a_Matter_of_Days.html
I saw that on GATA so just to share:
http://www.gata.org/
I was thrown off 'TigerDroppings.com/moneytalk' for predicting that gold would be at $1500 by Jan 1, 2011....also for telling them that 'gold has kicked the crap out of the stock market for the past 10 years!'...they really hated that. lol
The biggest azzhat on the site predicted that gold would be at $35 by year's end....and, advised posters to buy into ETFs if they wanted exposure to PMs. lol
Their concept of investing is take a second and use it for a down payment on an exotic sports car.
Who is laughing now! LOLOLOLOL
My recommendation to ZH'ers in the U.S. is to go to their banks and order as many boxes of nickels as they can. Fill your basement or garage.
The current metal value of an american nickel is 6.3 cents. So that $100 box is worth $125 right off the bat. In a hyperinflationary event, who knows what it'll be worth.
But the beauty in this investment is that there is no downside - you have a play on both nickel and copper, an inflation hedge, and perhaps a long term numismatical play.
Your window of opportunity is now - with inflation about to explode, the current cupro-nickel compostion of the 5cent piece will almost certainly be replaced by something cheaper, maybe as early as next year.
Second that, although I have not gotten around to stripping the banks of their nickels, I just toss each day's nickels into 1 liter Aquafina bottles, almost 3 full liters of nickels.
Also agree that the mint will have to reformulate the nickel soon.
nice. I just got junked for giving away valuable advice for free.
Good advice, Romanko.
'Bad money always drives out good'
Meaning nickles will disappear to be replaced by base metal nickles....or, maybe not be replaced at all.
I got a real sleazy penny the other day. About half the copper had eroded off, revealing the ugly zinc slug inside. Going to have to dig that one up and show it around...
A metaphor to America?
In iowa they hold 5 cents on a can. When I turn the cans in I take the check to the bank and get nickles. Way to heavy to carry or count already.
They smacked it right before close at 1:30. And now it's bouncing right back up.
Damn they are desperate! Margin calls are a beotch.
1,007,341 ozs of Silver withdrawn out of Comex vaults on Friday.People withdrawing physical because they don,t trust to leave it in there any more.
You have a link for that? Wow. But then I don't have a baseline to evaluate it against.
See Harveys Organ
http://harveyorgan.blogspot.com.
What's more interesting: gold rose together with the dollar, as opposed to contrary movements.
I nominate November 5, 2010 as officially "Blyth Masters Day"
At what level do zh people think that we will have the decoupling of paper gold from hard gold? 5000? 10000?
Investing in physical is safe but not fast to cash in.
Investing in paper gold is very dangerous but easy to cash in (both gains and losses).
Anyone have a good bullion dealer in NYC that doesn't require ID? Someone recommended Manfra, Tordella & Brooks, but they require not only ID but that you complete a Patriot Act Disclosure Form. I'll pass.
I suppose I can keep dealing with the 47th Street jewelers but any help is appreciated. Thanks.
With gold now at 1400+, does anyone know how and at what rate gold transactions will be taxed post 2010 per the health kill bill passed recently? (the $600 dollar dongle thingy)
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