This page has been archived and commenting is disabled.
Silver And Gold Jump To Post-Shutdown Highs
Having been dismissed on the first day of the shutdown, precious metals have surged back in the last few days and this morning, as no deal was achieved (surprising equity market 'investors' who seemed so sure Friday afternoon), are pressing up to post-shutdown highs. With the S&P near post-shutdown lows, and Treasuries only marginally bid, it seems precious metals are benefitting from the anxiety seen in USA CDS and short-term bills (+3bps more at 14bps today) at the resilience of the status quo.
»
- 11855 reads
- Printer-friendly version
- Send to friend
- advertisements -
Houston Eccles Building we have a problem
problem or not... I have to admit that we are witnessing interesting times!
(and ZeroHedge provides us first-row seats)
and you doubt there is a problem?
they killed the little guy with their "raids" ... most probably was easy given the limited resources involved.
now they got to deal with the worried millionares ... not so good i would guess, these guys got plenty of fiat to break the whole damn .... word is spreading
Apparently the PM crash team is nonessential.
Lol! Seems like silver is well bid here and if we close above $22 I expect good things to come. If you're looking to stack physical, premiums are looking to have bottomed here based on a 30 day chart from http://comparesilverprices.com
China holiday over!
exactly
check news (use google translate)
http://finance.stockstar.com/FB2013100700000648.shtml
gold shops in HK are crowd of Chinese, another round of stockpiling pyisical cargo
Chinese don't believe Goldman sucks or JP mafia saying, they have their own judgement
From your mouth to Space Jesus's ears.
:)
what a comment....really? and a smily face...?
Ignore the bot who posts pics of her nasty snatch.
maybe the prelude to a better week for PM's....
http://zysites.com/silververitas/
What's the buy to sell ratio at physical dealers?
dont expect any truth in any numbers if is PM related ... it is a rather opaque market so to speak.
One example, few years back Jeffrey Christian admitted at CFTC hearings the ratio of paper promises to real metal was 100:1, now after all that selling the published rates are 50 smt to 1. This is after several years of incredible selling (only recently there have been days with more than 400tons paper sold in a day).
One day all of a sudden as Druckenmiller (and he knows given his Soros association) on NO VOLUME we will be awaken up to a new universe.
then we will have the finger pointing and all the suprised faces ... yeah right...
Trick question right? Whether someone comes in to buy or sell, the dealer is always on the other end of the transaction, ergo 1:1 buy/sell always. Should we not be more concerned with the volume, negotiated price and premiums associated with the transactions? Cheers.
U mean if majority of orders are from people/dealers buying for their clients? yes, the most part is buying from us, no many people liquidating estates if that is what u mean...
Report from someone who attended one of the private Jim Sinclair meetings that he is conducting around the world
A few interesting points additional to what is found on Sinclair's MineSet website
Sinclair thinks that gold under $3500 is a buy, but there may be a point over $4500 when it is time to sell, a gold 'top' like Sinclair called in 1980 ... Sinclair doesn't like silver over US $50
Also, Sinclair says that when the US government is forced to significantly pause QE, is when the US regime will move toward confiscating the $ 19 trillion in IRAs, pensions and other retirement savings
http://www.worldofwallstreet.us/2013/03/jim-sinclair-meeting-report.html
Confiscating my retirement is a declaration of war.
it depends on how old you are. If you're below 50... I'd say don't count on it anyway.
The only once who will still get it are those who'll retire in the next 5 years MAX!
For how long ?
>> those who'll retire in the next 5 years MAX!
Sounds fair to me. I'll take the libertarian approach, I've got mine, fuck you.
War was declared upon you and I many years ago. It is only now that we are reaching the point where we are willing to fight back.
An ounce of prevention...
CD - with all due respect, i woundnt go as far as claiming to fight back, but at least to know enough and be aware of what is going on, so i can stay on my little corner and wait for the storm tog o over my humble little head.... thanks to ZH
Understood. I said "reaching the point".
For those who read my "Perhaps a Crumble Rather Than a Collapse" series I postulate that this will be a long drawn out process rather than an event. Nearly all hope of government reformation must be lost before people begin the think the unthinkable.
yes, i make a point of reading everything you write. great contribution to ZH btw. i recall a post you wrote years ago about "muppets" (my funny word of the day for ZHers) get together like in the town square, coffee shop concept and exchange views, i think this is what brings people back .... discussions with smart people who think alike ...
a side comment, on people's reaction now that we seem to be "reaching the point", i recall a comment from a really smart man to summarize: few people will understand how the system works and those will have an incentive not to go against it ... i might add or be smart enough to understand. thanks!
1 troy ounce of prevention is worth a pound of bail-in cure!
Funny, I thought I could hear Blankfein's voice emanating from the great red eye that having a retirement was a declaration of war (to the banksters)
''but there may be a point over $4500 when it is time to sell''..............sell for what? paper????
yeah right...............
No swap for other tangible assets like land and even stocks.
Sell....trade....barter....exchange......whatever!
One must never lose sight of the fact that some of your PMs are to be used as a transition vehicle from one fiat regime to the next. Or as Mrs. Cog likes to say, from one banana to the next.
They're coconuts baby, coconuts. Bananas lol.
Baby......please.......some things should best be left for the privacy of the bedroom. :)
"one banana to the next" CLASSIC
Hat tip to the Mrs...
Mrs Cog has me in stitches all day every day. The best part is her body language combined with her amazing capacity to make up words on the fly that are instantly understandable.
She's a gem.
70-1 silver/gold?
Dude silver will be $100 before you see $2500 gold
Jim is a great guy, but I doubt that he knows what the banksters have in store for us.
>> Sinclair
Thank you very much for that link.
>> doesn't like silver over US $50
Well I sure as fuck ain't likin' it under $22. I got my ass kicked good and proper by the shiney. I'll be free of the shit long before $50, don't you worry Mr. Sinclair.
If Mr. Bowtie jangles don't like poor mans gold at $50 then he will surely loathe it at $100
ONLY 17% Of FEDS Shutdown, Blink And You Won't Even Notice...
The government is broke, it needs revenues. Yet they are shutting down businesses that can provide those revenues;
http://www.usatoday.com/story/news/nation/2013/10/04/blue-ridge-parkway-...
It is now clear that (like King George) the U.S. government will bully it's own people if it can't bully the rest of the world.
Nothing changes until these people (all of them) are forcibly removed from power and put to death.
This! Complete eradication of the bloodlines of the 13 families. Not just the primary lines either. No branch left unfollowed.
I hope the Inn is open soon I'm supposed to be taken to dinner there for my BD.
...
Want to read some great fun?? Jump over to the official Obamacare Facebook page and start reading the comments....HAHAHAHAHAHA...Yikes. Guess the Moderators can't keep up wit this...
https://www.facebook.com/Healthcare.gov
I did. It was well worth the trip. Great stuff like:
"October is also 'Lost your freedom to choose' awareness month"
" I am so disappointed. These prices are outrageous and there are huge deductibles. No one can afford this!"
"So after 5 days of trying to set up an account and log in to healthcare.gov to look at plans, rates and a subsidy calculator, I broke down and called their tollfree number 1-800-F1UCKYO (not kidding, that is the number). The "Navigator" would not proceed until I gave her all my contact information. Once I gave it to her, and asked for information, she said she would mail me an application. That was my only option. I asked her to send me information on plans, rates and subsidies, and she said she could not. So get this, you have to actually apply for coverage, giving them your SSN, bank information--everything confidential, before you can even see what's in the plans, what it costs, and whether you will qualify for a subsidy. On what planet would this make any sense? What product would you buy--what service would you purchase, under these circumstances? I can only guess what they are going to do with all my personal info if I decide not to go through with buying a plan. "
Obamacare Facebook....aka....happyland!
Keep holding out Barry......we need to keep this crap.
Navigator: Lives in a swamp until he's turned into a suitcase, navigator.
So get this, you have to actually apply for coverage, giving them your SSN, bank information--everything confidential, before you can even see what's in the plans, what it costs, and whether you will qualify for a subsidy.
"we have to pass the bill to see what's in it."
At least they're consistent! /sar
Gold should be well in the mid 2000's and silver in the 100's if not for all this orchestrated manipulation. Nothing in the last two years justifies its decline, in fact the complete opposite.
Getting exited about silver or gold jumping a few percentage points is like thanking your captor for not beating you today. Wake me up when its at new highs.
The Fed is fighting a losing battle . They may have some small victories in paper shorting of PM's , but gold and silver have a 3000 year track record of universal faith , trust and recognition as the only true store of value. That over produced fiat currency called the dollar has no such qualities and ultimately it will lose the war.
Who's laughing now, paperbugs?
Fuck You Bernanke....and Steve Liesman....prick...
"Jumped"? It's hardly up at all.
I agree.
BUT it is moving higher precisely when global equities are dropping. Not exactly the Golden danger signal the PTB want broadcast to the plebs.
I listen to the general discussion at last nites Sunday dinner, none of them have any idea what's actually going on beyond 'red/blue team' nonsense to placate sheeple herd.
You're not alone, er wait, maybe you are.
but silver positively surged an entire 160 ... yen!
:-)
is it me or does it seems as if there is a deliberate trading channel bewtween 1310 and 1330 USD?
deliberate? Next you'll be telling me markets are manipulated!
bitchez
Let's get this straight...the new killing it in political America is...defending a "clean CR"...which is the failure to produce, contemplate, enact any sort of budget at all. Way to go BlowHorn [CNBC] for perverting the entire discussion of taking even the first step to halting the spending madness in DC. I would assert that the default has already occurred.
Exactly what I was asking various family last nite at dinner....'what's meant by a 'clean bill?' ... no one had any idea, they just know it's something for red/blue teamers to choose sides and bicker over. 'Can you believe, Boner is against a 'clean bill'? The BASTARD! What is he....some sort of RAYCIS or something?'
Ah....the free range sheeple of america, so tender for the slaughter.
Let them keep up their song and dance show while we reap the benefits. Au and Ag are on a runner today. It's all just theater anyway. Make sure to tip you waitresses and bartenders, they have to eat too.
It's a manipulation kabuki dance, the PM's dropped like a rock the day the gov't shutdown and now we are presumably going to see the same thing when the gov't shutdown ends? Just how is it that everything causes the PM's to drop? Answer: PM's are suppressed and the agency involved in making sure that happens doesn't take any chances on any large news event and defaults to a flurry of paper PM selling, thus ensuring that they stay uninteresting and misunderstood. I'm wondering how they intend to cover the impending default on the comex and whether they can still maintain control of the pricing mechanism?
How? Cash settlements. Where's the cash going to come from you say? Easy, your 401k and bank accounts...
The Fed and their henchmen have set an allowable range for paper PMs. They are in control until such time as they lose control.
Back up pay plus catch up on all those gubmint contracts to get things started again...gonna be a flood of new printing when this ends. Even Yahoo articles (usually the biggest housing pumper and gold basher) had an article the other day indicating PMs and oil may rise sharply when this ends.
Of ocurse, realtors are panicking with the zero down (and almost zero down) loans slowing down.
I myself bought an interesting numismatic gold coin at the bottom, but I traded it for a shiny O-Phone.
You bought the wickedly expensive healthcare plan?
I'm going to holdout until next week.....should come with a new car by then.
Heads or tails - time for a Gold smash down again?
I am hoping they have run out of bullets to keep beating gold and silver down.
I wonder how many "strong hands" would gtfo at 1900? Or was that the idea last time maybe.
Based on the long-term Elliot Wave for gold, if it hits 1900, I'm out. The Wave is calling for a 1425 - 1450 waveform top, followed by a retrace to between 700 - 900.
back-testing shows Elliot waves fail more than 80% of the time to predict such outcomes. You should expect 1500 to 1900 followed by 1700 then 2500 and higher. The next big drop should be from around 3500 to 2500 some time in late 2016.
How many ounces is that?
obviously 1 troy ounce or 31.10347 grams.
Don't fool youselves. The FED is still firmly in control.
Ben Shalom.......is that you?
Sure, the FED is only down around $600 billion....merely a flesh wound no biggie.
The Fed can legally print the short-fall in dollars. Therefore they never can be truly "short"
I won't be long and a years production of gold will be sold in the futures market. Not to mention, the fed minutes, post shutdown rally, debt cieling rally, next months job data, numerous fed blowhards daily monetary policy. So, get ready for the dive in price and yes I am jaded.
We will soon all be living outside the castle walls waiting for cake. Washington DC is American to politicans. If it is good, we are good. It will be supplied, fortified and protected at all cost. What happens elsewhere is incidental. Debt will ruin the country but there will always be enough revenue for D.C.
Don't forget Weimar Germany. Many people sold their phyzz thinking they were millionaires as hyperinflation began, only to find very quickly that a "millionaire" was dirt poor as the Mark continued to go parabolic.
Keep this in mind when gold and silver hit huge record highs in the near future...that still may be a head fake from TPTB, because pricing phyzz against the world-wide debt as a whole and all the paper fiat money supply actually will make silver and gold priceless.
It's going to be very hard to resist 4500 and ounce, but there's a good chance it could be 100,000 an ounce later on...who knows??? And why would we trust any price valuation in dollar terms at that point??? The dollar will be dead and so no price in dollars or any other fiat will be valid against physical silver and gold.
http://www.silverdoctors.com/chart-of-the-day-deutsche-mark-silver-during-weimar-hyperinflation/ <--- check the Weimar silver chart in this article.
And check the gold chart in this link: http://www.mining.com/wp-content/uploads/2012/10/deutschemarkgold1919-23.gif
The Evil Empire one day is going to let physical silver and gold skyrocket to a certain point in which they think it will shake out all us stackers who are holding on to all we've got. But that won't be the best value...it'll be a massive head fake. They may even take it a little higher then drop it down to scare us as if we've "missed the moment". Just like the Germans in the 1920's. They sold their phyzz in a panic at what seemed like incredible values. Then value went to the moon leaving all who sold merely dead broke worthless paper "millionaires" which they could hardly buy loaves of bread with.
They're going to try and do this to us in America to bring about what Hitler could not succeed at and hold on to...a New World Order. It will be their last chance to wipe out those of us who are fighting back and digging in. We'll be blamed as "hoarders", etc. and we'll be attacked by the Free-Shit Army Zombies who never prepared for the collapse.
It's going to be a helluva ride...keep stacking no matter what folks!
What is the first law of holes?
If you are in one, STOP DIGGING.
Sooo "let physical silver and gold skyrocket to a certain point in which they think it will shake out all us stackers" and then unleash EVIL EMPIRE-"Free-Shit Army Zombies" is the masterplan?
Bravo...
S&P already up 15 points off the futures low at 3:00 a.m..
Sooo predicatable, night after night. "At the sound of the tone, futures will magically levitate on no news ... BEEP"
Make that now 20 points off the futures low earlier this morning.
20 points on nothing. After a nice up day Friday. Not bad guys. And who said the PPT no longer had what it takes?!
The new Benjies debut tomorrow!
Anyone watch the interview on RT - Sophie and co with Karen Huges formerly of the World Bank? She made a claim that Bank of Hawaii had some pretty substantial gold holdings, but I'm not finding anything about that anywhere. Anything to do with the whole lost Japanese gold story bullshit?
Notice Bitcoin is back up to where it was pre-silk road bust. And the feds werent able to confiscate the guys money, just as ive been pointing out on here numerous times: http://www.theguardian.com/technology/2013/oct/07/fbi-bitcoin-silk-road-...
JIM SINCLAIR MAY WELL BE PROVEN RIGHT; WHAT DID HE SAY EARLIER IN THE YEAR; WE WILL NEVER SEE $1600 GOLD AGAIN? UP DOWN OR SIDEWAYS THAT IS THE QUESTION AS THE GAME OF BRINKSMANSHIP OR CHICKEN CONTINUES UNABATED....
Hmm, that's funny. Here is a link to an article by Jim Sinclair on his website in June of 2013 where he is calling for $50K an ounce gold. Whatchu talkin' bout Horace?
http://www.jsmineset.com/2013/06/28/ask-the-expert-jim-sinclair-50000-gold/
I say bring on the supression. Take us back to $18 silver. The longer they keep the price this low, the more we can buy.