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Gold And Silver "Paulson'd" Again?
Another day, another precious metals' dumpfest. Many have argued that this could not be a sophisticated hedge fund as they would surely 'trade' their position down, as opposed to hit the street with it all at once? Well, it appears whoever keeps doing this 'dumping' does not have the greatest price-sensitivity...
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All we can do is stand by and watch. (and stack phys)
No metal was actually harmed in the paper pump job.
i have noticed over the last couple years pricing on ebay lags paper pricing, with that being said eagles are still bringing 39 + same with 1 oz bars...with lots of bids...
They should totally outlaw premiums.
BEWARE E-BAY unless you have dealt with the dealer and know they are legit.
I've had a few bad silver eagles off E-Bay and that's all it takes. Alot of sellers are not frauds on purpose, they are uneduated and will generally take it back. The sellers with NO RETURNS are the ones you DON'T want to buy from.
Stay away from E-Bay unless you know the seller!!
Would you mind defining "bad silver eagle" for a neophyte?
One that looks legit but upon closer inspection is not produced by the US Mint.
The first one leapt out becasue of the weight, the second because the rays of sunshine weren't right and the LIBERTY lettering was close, but not right either.
In both cases I was able to return and the sellers were not a dealer in either case. I didn't report to E-Bay becasue the sellers took them back, and they were both selling misc. stuff, not lots of coins, so I didn't think they were trying to defraud, just people not knowing what they were doing.
So you bought two fake ASEs on ebay? How many total ASEs have you purchased on ebay?
At the time, I had purchased maybe 10-15 total.
I was listing the open auctions by time ending, to bid on auctions that were about to end so that I could have a better chance of getting the item without lots of bidding. I wasn't paying much attention to the seller's other auctions (I did look at their rating, but unless it's a dealer with lots of completed auctions, ratings don't mean much).
In any event, I stopped on E-Bay after the second and moved onto legit dealers such as Gainsville Coins, APMEX and others.
You might know that APMEX has an EBay 'storefront'.They have a nice selection of coins and bars,
and a reasonable shipping charge - ($4.95 first item, $1.50 each after, in same order).
I too use EBay to monitor prices vs the 'market'.
Everyone's dumping gold to load up on AR-15s.
silverbug lemming and his money are soon parted
Don't move.....or the Sheriff gets it.
"trav777: silverbug lemming and his money are soon parted"
Dumb and ass will never be parted in your case, eternal loser.
LMFAO!! Wake me when it's back down around $8 an ounce. That's where my dollar cost average is. Until then I will sleep fine. And after that, I will still actually have plenty of physical purchasing power. The monkey hammering is a prerequisite for the printing. Who you gonna believe Trav? The MSM pushing paper promises that everything is okay or your own lying eyes? You crack me up.
Its all good!
Rock, scissors... PAPER WINS!
Dollar down. Euro up. NYSE now sold to ICE to be known as NICE?
As in "naughty or nice"? Yup. Its all good now.
Sell your physical gold and silver - buy govt bonds - buy APPL - just buy paper...
Sarcasm - the ability to insult idiots without them realizing it!
I suppose Tulving being SOLD OUT on 10 of their 23 gold items means nothing either? And five of their silver products are SOLD OUT and four others are delayed for several weeks to deliver.
Watch supplies disappear quickly from the LCS's and bigger retailers as the prices are pushed down.
Says the long platinum short gold guy.
lol
i think what maybe going on with the smash downs are some bigger players started to enter the building betting on black ,if the cb's allow this, others would certainly enter, than control is lost.......... so they will make sure these deep pocket players "end of years" land on red...also making damn sure they and their friends understand that a bottomless pit beats deep pockets .....
"Gold And Silver "Paulson'd" Again?"
More like Gold And Silver "JPMorgan'd" Again!
Jesse: Gold and Silver Smackdown: Same Time Last Year
http://jessescrossroadscafe.blogspot.com/2012/12/gold-and-silver-smackdown-same-time.html
Fake Silver Eagle made in China! How to identify...http://www.youtube.com/watch?v=5obdQClOrb0
This smells like Bulshit to me. "Bad Silver Eagles". Well ya don't buy from the person with a (0) rating. Thanks Sherlock !
You're welcome. I was a noob 2 years ago and got burned twice. That's why I'm trying to help others avoid E-Bay if they don't know the seller.
Fed announces 40$ billion extra a month in Exotic Monetary Policy known as Quantative Easing.
Silver & Gold go down for 7 consecutive days after.
..
Yep.
though really
""" Fed announces 40$ billion ( X 20 ) extra a month in Exotic Monetary Policy """
First off their are much cheaper places to buy with less premium then ebay. But if you trust eBay they have these rating systems. Buy from someone who is reputable seller which a rating over 100 with a 100% positive success ratio. Don't buy from someone who has under 20 rating.
It's not rocket sciene. But I would rather buy from Kitco or Apmex, Or Gainsville Coins etc. much better premiums.
If you didn't catch the NOOB part, I started on E-Bay becasue I didn't know any better.
As I state above, APMEX & Gainsville for all my buys the last 2 years.
Thanks for helping NOOBS avoid my mistake.
I prefer Provident Metals to APMEX. Much better website and prices are usually better.
Your local coin shop!!! See it feel it smell it buy it!!
Don't discount the advantage of supporting a local small business, and the conversation that can be had! Sure the premium is a bit higher than online dealers, but my coin guy will let me know the supply and demand changes he's seeing. Whether he's getting a lot of pre-64 silver moving, or bullion. Are the major suppliers flush or tight? Helps me understand the ground level market better than any online price quote! In about three monthly DCA trips you too can become a regular as long as you're willing to pay in cash and listen at least as much as you talk.
I actually bought an older "fake" American Gold Eagle that was actually made out of solid gold. I brought it in to a coin dealer I trust, and he said there were a lot of fakes made when gold was especially cheap.
It seemed really odd to make a counterfeit coin out of real gold, but they're out there.
The pawn shop I bought it from took it back with a full refund, it was still worth an ounce of gold, I just wasn't sure of the exact purity so i didn't want to risk it.
My advice is buy from a real local coin dealer that's established. Most aren't going to throw away their reputation and livelihood trying to move fake coins. My experience with Ebay is the premiums are usually too high because of all the fees involved.
GetZeeGold: ''They should totally outlaw premiums."
Until you want to sell, eh? Horrid logic. You should be a banker.
In fact, why don't you take your logic to its final conclusion. Let's ban profits and tax every company and person at 100%, until of course it is time when you might benefit from such a premium. By the way, that premium is called profit - A nasty capitalistic idea.
This is a perfect example of someone abandoning free market principles because one is tied, married to a specific investment. No principle - no values - just like our politicians. Yea, I know I might get some PM bugs that will dispute my post. But then I would say, "why on earth are you investing in PM's unless you hope to profit (with premiums)?"
And by the way, I remind you that I do hold some PM's as a small portion of my portfolio for emergencies. I actually like premiums and profit. That is the reason I bought them for potential profit and safety.
Interesting. Two down arrows but they are too cowardly to post. What's the matter? Can't you make a logical argument to debate my comment?
Come on you whimps, I am am calling you out. If you have an opposing position, STATE IT, instead of being a COWARD.
Quite frankly, I am sick of people that desire our politicians be moral and make ethical decisions but then then those people are THEMSELVES UNMORAL AND UNETHICAL. GetZeeGold illustrates that. We have the unethical, unprincipled government because the voters themselves are such. In other words, the failing government is only a reflection of the failing voters and its culture. And the best evidence I have given to ZH is when I present a logical argument and no one presents a logical argument to refute it. And at the displeasure of others, I will continue to do that.
Yeah, I don't understand people on eBay anymore. I know there's always going to be premiums, shipping, handling, fees, etc.. but bidding up common date junk silver coins and bars 25% over spot? Name me one place in the world where it is that expensive for APMEX or others to ship to?
Those ebay prices are like weekly option plays where niggas got caught over bidding when suddenly spot prices fall.. you can't really lower your offer once your the high bidder... you have to eat it... but any way looks like GLD wants 135ish.. not to say that phyz has to get there.. not sure but all in a longer term bull market. Those of you that are over levered or can't see past the next week good luck...
http://fiatflaws.blogspot.com/
If you use Bid Robot you can put your high bid on and if you change your mind you can take it off or reduce it and nobody ever knows.
$25 - $35 silver; $1500 - $1700 gold; who cares. its like FB fluctuating between $24 and $29, or, WTIC between $85 and $100. those that can buy more , will. its an opportunity for many, but, should not be a surprise to most. its a currency hedge for me. and if the price of either goes to zero, well then its a world you really don't want to be around in anyhow. By the way, i think Ebay, rather than spot is what you want to watch. cheers
The common folk trusts Ebay. They don't know how to find a reputable bullion seller so they buy where they know and trust.
Why are you or anyone else complaining about premiums on Ebay? WHO CARES. No one is forcing you or anyone else to buy PMs on Ebay.
Rationalize it all you want, the price is still down. This will continue 'til perpetuity until the miners grow a set of balls and refuse to sell at these paper bullied prices. Shareholders need to throttle the necks of management at the miners and demand they sell only what they need to cover costs and stockpile the rest, refusing to sell less than '00s above these manipulated spot prices.
Rationalize it all you want
To the tune of about 20 trillion.....and counting.
Some people might consider such "hoarding" "unfair" and respond inappropriately.
Stuart,
You are 100% right. These blatant gold price manipulations could not take place without gold-mining companies full and actively participation. They are playing this game and deliberately destroying regular shareholders values and their investments.
These gold-mining companies will end up by their assets being nationalized in many socialist-controlled countries.
Have you considered that the owners of the mining firms are also the owners of the banks and the exchanges? I don't think that's the case with the juniors, but Rio Tinto, I believe, is controlled by the Rothschilds....
so that's who fucked over David99, the Rothchilds....no wonder he went into repetitve posting the other day.
Oh, right, I get it, it's OK if the miners manipulate the market by withholding supplies. But it's not OK if the CBs manipulate the market by selling to force the price down. Right, I get it. We're not talking any sort of morality here, just naked self-interest.
BTW all prices fluctuate for all commodities all the time. Don't like it? Stop participating. Anyway, I agree with the other comments, I call this end of year tape painting.
Tape painting? That's what you call this? Seriously?
Naked self interest? LOL. What happens when the mines go down (bankrupt) and there are massive shortages?
You know the cost for silver producers is close to $30 an ounce now? Gold is around $1200-1300.
Bay of Pigs - I have read your posts for nearly 5 years, first on Mish, then here. I rate you as a genuine honest commenter. So I am actually on your side. Perhaps "tape painting" is the wrong way to express my thoughts. What I mean is that I think the POG is being suppressed with the objective that the price of gold is either down or unch over the calendar year 2012. I don't agree with it, but that is what I think is happening. I hate hypocrosy and the poster I was criticising seemed to be advocating manipulation of the POG (upwards) by the miners. I do not think that manipulation upwards is moral, and manipulation downwards is immoral. I vote for free markets and true price discovery. To answer your questipon, if the mines go down (bankrupt) because the POG has been manipulated downwards then the POG will tend to rise, unless it is suppressed by the CBs. But that answer doesn't invalidate my hypothesis. I think the tape is being painted. I think the POG is being artificially suppressed. I think that is a bad thing, not because I think the POG should be higher or lower than it actually is, but because I hate manipulation of supposedly free markets. I hate this because I believe in the dicta of Adam Smith. I think that the proper function of a marketplace is price discovery, so that correct signals are sent to producers and consumers. What I absolutely hate and detest about the world I am living in is that marketplaces are no longer capable of fulfilling their proper function and the reason for this is that they are being manipulated. We will all suffer from the consequences. In a way, this is Tyler's original thesis, and it is right. My post referred to the hypocrisy of favouring manipulation in one direction (POG manipulated upwards) in response to the evident manipulation downwards. What I say is that all manipulation is wrong. It's immoral and it destroys the proper function of marketplaces.
For me, the situation looks quite transparent and logical and it has a lot to do with psychological perception of PMs. The Fed et al have noticed the longer-term increasing interest in the metals supported by 11 years of profitability in a row. Gold and silver are gradually gaining back their almost lost status of sound money/safe haven among bigger number of investors and even ordinary people. Since the inflation prospects remain unchanged and, in fact, are boosted it is necessary to smash the sentiment towards the metals and beat down the growing monetary status perception as much as possible. This will certainly scare many investors to such an extent they'll be not able to reasonably comprise positive fundamentals into their analyses, at least for a while. I find it logical; if the Fed did nothing the popularity of PMs would frighteningly continue growing among even more people and, by constant delivery of (pro gold & silver) positive fundamentals, the prices would soon soar to the Moon. However, once smashed, it gives the Fed additional room for its lousy policy for certain period until the PMs recover again. I see it a pure psychological gimmick.
However, in my opinion, the Fed is walking on a very thin ice. Once investors don't get tricked by this cabaret, the effect may be gone sooner than expected.
+1 for the sensible, unemotional comment
meanwhile the other national banks are either on board with the FED, stay on the sidelines or are just taking those prices as a wonderful opportunity to stack some dozen tons more
it's a currency war, gentlefolk, choose your sides
Bill Cara thinks the CBs will announce co-ordinated QE after Christmas. I think all the CBs are backstopping each other at the moment, all rivalries forgotten in the common endeavour to survive. It's that bad and that dangerous now. Survival is the name of the game. So I don't think it's a currency war between different currencies (except perhaps the Yen v. the world); I think it's a currency war between paper and the PMs. Perhaps that is what Ghordius is saying.
The same time and the same memo. It appears that central Banksters are shaking the tree (or weak hands).
All these discussions about recovery and PUBLIC banking bailouts are BS since the goal is quite different: the goal is to destroy the middle class in the USA and EU and to consolidate the banksters’ mafia power.
If banks bailouts were the issue, FED and ECB could do it back in 2008 or 2009 just printing all necessary money then but they did not do it. No this was not an issue. The issue was to get public money, destroy the middle class, and to grab a totalitarian power.
Who are today these super rich? These super-rich are the Banking Mafia and their agents. The "poor" and criminal mob are the other beneficiaries of the FED and ECB. This is a typical Class War imposed 100 years ago by the World Banking Mafia and their Bolsheviks emissaries in Russia. Now, it is the America and EU turn.
BTFD, a.k.a. CTFK (Catch That Falling Knife)?
Lemme guess - you want us to invest in "solid" picks like APPL, FB, GM..
Nevermind.
buy silver?
not yet
The best time would be when the GSR > 57 but it is a good time to start dollar cost averaging cause we are now below the 200 DMA.
Gold is good too for the same reason.
These are good prices Bros.
You're on it. I'm buying everymonth regardless of price but under 200DMA is sweet action. looks like it could go furher if we get a good close under 50 WMA
Sweet it is.
Happy stacking everyone.
Still shiny. +1
Trade only if you enjoy being the odd man out watching Paulson and Soros play Pong.
Only have to read the comments now to realise we're near the bottom. All the investors who thought silver/gold would make them rich/millionaires are getting really mad, shouting about manipulation. Capitulation, they're thinking if I'd invested in the ES i'd be up x%. Time to back up the truck! I'm thinking we bottom just below 1650. I wouldn't be surprised if Paulson is trading off this information by selling heaps of gold futures. Look at paulson's Net worth on wiki, if he put 10% of that to work selling gold futures he could account for 1/2 this week's trading volume in gold futures.
http://www.youtube.com/watch?v=S8H2FIf1oH4
Once Speaker Boehner 'folds like a lawn chair' for the prez, these good deals on phys PM are gone.
Nah, you have not seen anything yet. Watch the market take a couple thousand point dives and then tell me what the POG is
Indeed. Alcoa earnings 1/8/13 will be the start of a pretty epic crush (or continuation). Bad stock market + continued, unsterilized easing = healthy conditions for gold priced in USD.
In other news, Paulson got as rich as he is by his savvy form of investing - an example of which is exiting massive positions in under 5 minutes.
LMAO. Either way, back up alarm engaged.
The bottom won't be in until the CME hikes PM margins "to protect investors" ;o)
All we can do is stand Buy and laugh. (and stack phys)
Better ?!
Bring it on. Every gold/silver sell is a godsend to pm bugs.
It's the fucking corrupt Federal Reserve and Treasury (goobermint) ... Just fucking SAY IT!!!!!
Every atom of gold and silver, and every other element heavier than iron, came from a supernova somewhere in our galaxy.
Apropos of nothing.
The Queen strikes again!~
She had to act......Gordon Brown is retired. She has the job for however long she lives.
How much money does it take to cause a drop like that?
It's more in terms of numbers of printers.
Exactly. When you are a PD and are directed to manipulate, you have access to unlimited fiat. Just a digital entry away.
So with drops like that...are we talking $200,000,000 pesos or....sorry....dollars?....Almost same thing.
Criminal manipulation is the norm in US free markets.
Welcome to the usual morning drone strike on silver and gold.
There is no longer any pretense of fair markets in the US - our corruption is complete.
If there's a couple more drops of blood in that turnip.....they'll find it.
Repeat of last years December pm dumpfest
Wonderful timing!
For me ;-)
No shit, fourth time I'll be buying in the past two months....
No this is price suppression. Go do that to the S&P 500 and the FBI will raid you the same day.
Excellent timing Tyler, as usual (muttley snigger).
I detect a hint of sarcasm from Tyler on this subject lately. Which makes me suspect that he is on to something big on this issue and he is about to expose it. I wonder what Nanex will have to say about this week in the PM markets. Then again I could be wrong.
+1 for Muttley. And may I add, "I't's the woolf! It's the woolf!"
What?
https://www.youtube.com/watch?v=MFYomQylE6E
Why don’t these clowns sell gold and silver down $0 ?
I know what you mean.....even I'd go for that. No way China will let that happen though.
Are you kidding!?
China is probably the biggest winner of all in this: they're getting their physical Gold far cheaper than they would without this suppression. In fact, I wouldn't at all be surprised if they were the ones pushing the price down in the paper markets:
- With the amount of leverage allowed in the paper markets and with the vast majority of contracts settled in cash rather than through delivery, the paper gold markets are the proverbial tail that wags the dog and if you're out to get some cheap physical and have a bit of capital, you can short-sell a lot of paper gold with leverage and buy the physical from the suckers that sell physical at these artificially lowered paper prices.
- Even better, such an action would ultimatelly decouple the paper market from the physical market, which would mean the collapse of existing, US-based paper PM markets, just at a time when China is starting their own.
Hold on.....tell us more.
China is participating in the manipulation and taking delivery of metal.
It seems there is some kind of arrangement between the East and West in this great transfer of wealth.
after BIS talks, planned implosion ahead. World domination in 3..2...1..
I'd ride that train.. Right to the coinshop.
They will. Or rather, everyone will lose faith in the pricing mechanism of the market and withdraw from it, sending the price to zero.
This will happen when people are no longer able to secure physical delivery from the COMEX. It is then that the industrial panic begins. The only defense we have is to continue to accumulate for so long as physical is available.
Fortunately, nothing brings on more supply like margin hikes.
So far..
Right, because as we all know, the simple act of raising margins for Crimex contracts cause real elemental metal to mysteriously percolate from beneath the deep dark earth and emerge in front of us refined, pure, assayed, minted, and good for delivery.
I'm making a grimace like the Queen of England passing upon a dreadfully shabby collection of bullion bars.
The problem is there are still many people/commentators/etc. in the PM community, let's just call them PM bugs for simplicity, that trade futures. Even Turd Furgeson was trading until lately, some of his followers still trade given the comments on his front page. McGuire selling into the market if it suits, Dan Dontrose (sp?) from TFV continuously shorting silver if it looks like a good trade, Celente was in there heavy until he got Corzined... How many self-described fans of PM fundamentals and hard money are still actively part of the problem participating in this casino of fraud and manipulation?
Anyone who participates in the paper PM markets is part of the problem, it's that simple.
"Well, it appears whoever keeps doing this 'dumping' does not have the greatest price-sensitivity..."
I wonder who that might be?
Early this morning while i was attempting to attatch the ol' wig infront of the lobby mirror my own reflection slapped me and said:
"Listen wiseguy,don't be all sensitive and sentimental, jus' short gold and silver and go long the $Euro and Bank Of America ya dumbass"
Your reflection is backwards.
Yeah, and the dollar is falling, too. Makes no godamn sense. Very depressing.
Did you think the end of the world's reserve currency was going to go down without a fight? This is war baby!. The day you wake up and gold is up $400/oz and you are jumping up and down you may be surprised to see how depressing things get after that.
Word! It's a muthafugin war!
"Makes no godamn sense. Very depressing."
Then "it" is working. In a con game all that matters is the confidence of the mark(s). Since you oppose the confidence game your confidence must be shattered. This is why the phrase "Don't fight the Fed" has so much merit........until it doesn't.
possibly painting the tape for year end?
Silver was $27.80 odd on Jan 1st - helps preserve `confidence` if it underperforms the R2000 etc by a big fat margin.
Obviously the fundamentals for metals look as sound as ever, physical holders are unlikely to be ovrly worried. Leveraged players not so relaxed, but so what.
Can't believe people believe in fundamentals when the banksters are in charge. I will repeat again what I've been saying for months - pm's are manipulated just like every other asset class and fundamentals will not prevail. Everyone here seems to believe in manipulated markets EXCEPT for pm's? Give me a break.
I suspect it is more along the lines that many believe PMs will best survive the manipulated markets, including the manipulated PM market.
The Chinese are loving Western stupidity! Dumb round eyes.
A few billion idiots don't scare us in Jersey.
I guess not. Snooki is scary enough to de-sensitize all of you.
inconceivable!
you keep using that word...
Either someone needs cash in a hurry or has to be concerted effort to discourage holding gold.
So what, just thank them for giving you a better price to get in for the long hold. Gold will never go out of fashion or be used as toilet paper
Darth
Monetary Cliff?
silver getting HAMMEREDDDD
Hi Blythe
My wife ordered me to buy MOAR this morning.
Thanks Ben.
They don't want people running to PM's when we go over the cliff.......so knock ém down now......
OR......Kleptocrats trying to create an entry for themselves(?)
exactly, they can print as much as they want to slam the price to pick up physical for less. China loves it also and is also a large client of JPM's Blythe. have we had one report of any central bank selling gold for fiat? i thought that they were all accumilating or trying to reclaim what they think is theirs from foreign hands. fuck, even the Queen herself felt the need to visually inspect the stash. fiat is dying, everyone knows this. gold will be the foundation of the next go around. that's why the IMF is the 2nd largest hoarder, they expect to be the maker of the new system but think that China will have a say.
It's year-end window dressing by the Fed/JPM. Can't let gold look to shiny in all the Y-Y return comparisons. This will continue into next week.
Gold bulls need to step to the plate here, otherwise $1520 is going to be a realistic target.
who gives a shit? 1600....1500...1400...if there is any point at which you would sell you might as well sell right here. Or just go for a walk or go to work. This may take a while...
So how much can we put you down for?
I am heading for some silver soon. That's for sure.
sub 30 is soon, but briefly- in a historical sense...
The move lower is disturbing nonetheless. Weak handed longs reacting to three handle GDP, well....So odd to see falling USD/Gold. Umm deflation? Umm growth? Bumfucked criminals??? That's it.
If there was a fundamental reason for the price of gold to be THIS high, then they would not be closing gold mines in South Africa. However, we will only know that the scam has run its course when the "Cash for Gold" stores start closing.
I still suspect that we have been completely lied to and gold is NOT a rare commodity. Just as diamonds are not rare at all.
Compared to paper and electronic tickets, Gold and Silver are practically extinct Mario.
Hey mario... You forgot the word stupid between REAL and mario,don't forget to use upper case.
Makes sense when you understand that 'someone' is no longer buying arsepaper, but is buying Gold, real stuff. If the value of that real suff is of lesser value, maybe 'someone' can be concinced to buy some arsepaper.
Dogfuckers at it again.
regards from Bangers.
I'm just pissed because there hasn't been a good setup on the way down since silver/gold at the beginning of the month.
Bastards.
It's 9AM do you know where your physical bars are ?
It had better be in the damn sock drawer where I left it......or no one in this room is leaving.
hope you keep the glock in the underwear drawer
would want to see you lose it all...
sorry; "wouldn't" want you to lose it all
"It's 9AM do you know where your physical bars are ?"
Yup. Thing is I went fishing and didn't want to leave it behind at the house...
This does not bode well for paper holdings. On the other hand, Santa is really coming through for those who like shiney lake bottom ornaments...
Can they do this forever? They want the world to see the manipulation as a warning don't touch gold and silver stick with our fiat papers.
The PM market can remain irrational longer than you can remain sane.
lol
until miners start withholding their gold from the exchanges, yes they can.
Perhaps the confiscation orders come on Monday and someone got advance notice?
They're trying to do to silver what they are successfully doing to the USD. Debase, hammer down, weaken.
Morons.
Lets print billions each month, and make a physical, valuable, and finite resource cheaper in the process.
Someone needs to cuff Ben upside the head with a gold bar.
No no no no, this is about confidence in governments around the world being restored. (eyes rolling)
Gold dumped after the upward revision to GDP. Stops were blown at the 200DMA leading to further losses. Doesn't help that trading is thin today.
Potential for a key day reversal today if we can get some upside momentum. Only a small trading range yesterday to take out.
at this rate, i'm gonna be rich, bitchez!!!!
.