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Twice in the same day? Coincidence?
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$1,900 & $50.. here we come!
Good luck with that. Don't you know BTFD only applies to stock indices.
I can't hear you with these pencils jammed in my ears
Here is Obama's chance to show everyone he isn't really a race baiter. Just look into the telepromptor and read...
Bernanke and Yellen's pagers are going off at this very moment... silver reclaiming $20? NONSENSE. They cannot, they MUST not let the metals start the week on a positive note.
Either way, metal is on SALE.
Word cloud
HOPE MORE hope ummmm ah
Bushs Fault loyal Democratic Process
uh bipartisanship immigration uh
hmmm we ah will mmmm uh and ah er
UH humph HUMPH
Republican Intransigence Traitors Inclusiveness
Diversity prison camps FEMA
war Peace Prize Nobel
Commander in Chief war drones uh
Ah mmmm umph er er er
I me I me I me I me I me I me I me
not you
I me
Fixed
And if you don't believe me stuff it up your ass
Something is telling me, the banksters shouldn't let him talk again on public. Whenever he talks on public their efforts of hammering down the PM's price further are erased.
Double post, damn it.
Knucks on a rolll lately +100
I understand that the Obamatron is also quite the gun salesman...
Obama heckled immigration meeting. How many things are staged or phony about this?
http://freebeacon.com/obama-heckled-in-san-francisco/
1.) Obama pauses just before the heckler starts to speak. He knew it was coming.
2.) Heckler's face is never shown. Why not? To recognizable as a plant?
3.) Heckler is a relatively well spoken white person. A hispanic speaking broken English would not be as appealing.
4.) The crowd starts to chant and then stops just when Obama needs them to for the proper dramatic effect. Makes Choomboy seem effective.
5.) Heckler makes the SAME hand gesture that Obama frequently uses.
6.) He was setting relatively close to the lightbringer. You can bet he was carefully vetted before hand.
7.) The heckler just happened to be setting behind and to the left of Choomboy so they could both appear in the same camera frame. What's the odds?
8.) If it were a real spontaneous heckling the Secret Service would have taken him down (with a good beating in the process) before he got the second word out.
More staged false flag nonsense. Move On nothing to see here.
Not necessarily saying that you are wrong but I don't see anything conclusive either way in this clip.
I do agree that if it weren't staged, the Secret Service would have probably dragged the guy by his balls out of the auditorium but it did appear that Choomboy gestured to someone to let it go so it is possible they were making their move and he told them to stand down.
Ten seconds in I said, "this is a staged event". No way it would go down like that. Zero chance.
Barry wrapped it up right after that saying how great it was to "listen to other views" as long as you don't "shout down the President who is trying to get shit done". LOL, it was such obvious propaganda and utter phony bullshit.
Still waiting to see some shoes flying... :>D
Uhhh, Dont think the President gets to decide about his own security!
Paging Dr. Goebbels. Paging Dr. Goebbels. Dr. Goebbels, please pickup the white phone. Dr. Goebbels, please pickup the white phone.
You need some serious lessons in remedial grammar and spelling.
You need to learn how to pull that stick out of your ass.
they have done all they can, now they will let it ride up to 1400 again
How long will that be? I've been waiting years already, it will happen but not until the Comex breaks down and the whole jig is up. In the meantime, rather than sitting around waiting we can help by undermining confidence in our national currencies.
Maybe buy a few ounces of silver to help the cause? It's only $20 compared to $800 for BTC.
Sounds like you have plenty of BTC and very little in the way of PM's. And btw, holding copper will do you no good at all.
I have lots of copper, nickel, silver and some gold. I don't know which is the better buy right now, silver or BTC? Silver is probably the safer bet at least. You don't have to buy one whole Bitcoin just like you don't have to buy a full roll of ASE.
Silver is probably the safer bet at least.
Silver a safe bet? Wth
See, he actually understands why silver is so low. You, on the other hand, are still in deep outer space when it comes to value vs price in regard to silver (safer).
What other boards do you troll anyway? I know fonz and others have asked you this before but you never answer. Why is that James? Ah, never mind, I know the answer already.
Silver is actually very high. No one I've come across has been able to reasonably explain why silver is supposedly so undervalued (as compared to any other industrial metal) but you're welcome to have a go.
What boards do I 'troll'? None. I'm not on many financial sites, I like stocktwits, don't see why that'd be of such high interest.
Silver is not an industrial metal, it is a monetary metal. Please define "undervalued"? You're talking about how much fake money does it take to buy real money? I don't know the answer to that riddle.
I'm saying relative to production and demand + comparable metals, we can leave fiats out.
Also considering both, you can come to your own conclusion about what fundamental is behind it:
https://www.silverinstitute.org/site/supply-demand/
Why do we think the price of silver is suppressed? You mean... besides the 5 margin hikes over the space of a few days back in 2011? Besides the regular dumping of thousands of future contracts when the market is trading at its thinest? The bizarre tracking between gold and silver even though the fundamentals of the two metals are wildly different?
Disingenuous troll.
You guys ought to learn what disingenuous means.
Why do we think the price of silver is suppressed? You mean... besides the 5 margin hikes over the space of a few days back in 2011?
Right, silver is being suppressed right now by margin hikes in 2011.
Every stock, commodity, fund - whatever has a story about unfair manipulation the people invested in it like to tell. That story is of course always inline with the storytellers position, regardless of where the price has been moving. Whether it's AAPL or corn, always the same thing.
If the manipulation is so blatant, obvious and predictable why haven't you all been short the slv? I remember when I was talking about that everyone here told me I was out of my tree / lying etc...
Anyway, lots of commodities move together for obvious reasons.
http://www.futuresbuzz.com/long_term_charts.html
How many examples do you need? Five, twenty, a hundred? The huge dumps of contracts are well documented here and elsewhere. How have you missed them? And recently, Tyler has shown Nanex charts showing this price action in spades. Clear manipulation.
Many PM holders have no use for the fraud ridden ETF's SLV and GLD. They don't want to own them or trade them. Question is, why can't you get that through your thick fucking skull James?
Many PM holders have no use for the fraud ridden ETF's SLV and GLD.
Most of you don't like london or the comex either, but buy gold at prices set by them.
And recently, Tyler has shown Nanex charts showing this price action in spades. Clear manipulation.
http://www.nanex.net/aqck2/3412.html
omg aapl is being supressed!!! ahhhh
Aside from being a lousy PM troll, you're a fucking idiot too James. You seem to lack basic critical thinking skills, but more importantly, you have no integrity either. I assume it's hard for anyone here to respect your point of view when all you do is try to confuse, distort, deflect, and obfuscate on gold and silver. It's very pathetic.
but... Obama!
http://www.funnyordie.com/videos/3cbfe82cce/obama-s-kickstarter-campaign-to-solve-the-debt
and you failed to refute the primary and repeated challenge: why are large contracts sold underpriced, in illiquid markets with apparently no regard for getting the best bang for buck
explain what motivation such sellers would have - and make sure its a persuasive enough motivation to make me consider that it is strong enough that a breach of their fiduciary duty is of secondary concern
So you are going to tell us tht the productions costs have not been going up as the amount recovered from each mine is gradually declining....
The fundamentals are clear, the silver is running out.
the silver is running out.
There isn't evidence of that (definitely not in the near term), as much as people here repeat the claim ad nauseum.
The issue is that the finding's disagree with you, so it's not you having to be proven wrong but the other way around.
You need to prove the work of GATA and the major players wrong before you can walk around with a chip on your shoulder, lest you be taken for a loud mouthed jackass or something equally foul..
It´s both (how can you not know this) . Industry is totally reliant on silver, and consumes hundreds of millions of oz. of it every year.
A monster box in each and every Tomahawk from what I understand.
Unless the ordinance or jet fuel has Ag in it, there's no way that much Ag would be necessary for the flight electronics.
Silver used to be a monetary metal... but governments gradually demonetised it from the mid 19th C onwards, Fekete wrote an interesting piece fingering the bankers of the time.
If our paper monies collapse, will silver become money again? Probably not... the stock:flow is all wrong. I have quite a bit of silver, but I must admit it's more a play on the actually diminishing stock:flow as an industrial commodity. I know it's suppressed for the same reason gold is - TPTB associate it with money - but that doesn't mean it will eventually be remonetised.
I've never seen an analysis of how much silver's demand arises from its excellent conductivity, but if they work out how to mass-produce graphene, silver demand could take a major dump.
I started to buy silver when I read that the USGS claimed that silver would be the first element that goes extinct, some time around 2029. There is good reason for silver to go higher, excellent electrical conductor, excellent light reflector, excellent germicide, etc.
I read that here: http://www.scientificamerican.com/article.cfm?id=interactive-how-much-is...
And I bought more today.
Stack On
Oops maybe not Ag first to go, Ag might be 2nd place to In.
Stack On
Holy shit the idiocy in the comments section...
I hate to steal a line from a fellow ZH'er but I can't remember his handle...
"We few, we happy few, we band of silver holders..."
people are already using a fair market value of silver dimes & quarters to pay for services or food. It's happening now.
You know, James Cole get shot at the end of 12 Monkeys.
silver's a precious metal, not an industrial metal. That explains your serious misunderstanding.
It's going to the MOON, man! Any day now! Here's why:
http://www.kingworldnews.com/kingworldnews/King_World_News.html
They've been telling me that for years, so it's bound to happen any day now.
And BTW copper could be a great play as well. Copper historically should be around 1/60th the price of silver but the mantra of the modern markets have said that copper and silver are both only industrial metals and so they are treated that way. In the case of a fiat break-down and silver shortages, physical copper could explode in value. The problem with physical copper is getting it anywhere even close to spot prices.
History would tell you a different story.
You know , that age before BTC.
Look at copper prices 1920 thru' 1938.
Ive got a big jar of copper pennies I keep purely to enforce greshams law. I am not a weak man and Ill admit it weighs a ton, but cant be worth more than $50-100. Its purely to not feel like a sucker spending .03 as .01.
How the hell are you going to make any worthwhile amount of money speculating on physical copper? Are you storing it in a swimming pool or two?
Well just think, if copper reclaims it's historical value in relation to silver it doesn't take tons of it to have worthwhile value.
The historical value had more to do with effecting purity.
http://www.pennybullion.com/invest.html
You can find pennybullion even cheaper on ebay.
historical USD prices of copper vs silver are meaningless.
Future & current uses of copper vs silver around the world are far, far out of pattern for the past 100 to 200 years.
Inventions, buyers, recycling patterns, mining advances, all of it's different.
looks to be around 8 months from now.
Got locked in @ 19.89/Ounce + 3.50 at the coin shop this morning. :)
the trend shifted since then, http://flic.kr/p/f5bHkJ , and on this trend line http://flic.kr/p/f17z1s we're looking more like 42/oz with 1900 gold. For the last 30 days I've adjusted one constant to 4.86 instead of 4.604 and it's been very consistent, within 20 cents of the price of silver in USD. So that math is:
42.275 = 4.86 x e(1.1385 x 1900 /1000)
Anyone else's battered wife syndrome kicking in here yet? I know mine is.
I can't watch prices any more. Every time I think we're out of the woods the price gets hammered. We won't see price decouple until comex defaults or price goes to 0.
Well we know China now owns a great big vault in NY that will hold more than Comex has . . .
I don't give one shit regarding the dollar price of an ounce. As long as I can trade worthless paper for real, tangible, beautiful metal, I'm happy.
Uhhh, not that I but PMs. People who buy PMs are stupid!
I don't watch them either.
It isn't a price. Its an intervened currency.
Finance Minister Jun Azumi said Tokyo would continue to step into the market until it was satisfied with the results.(2011)
Jannet Yellin said the Fed would continue to step into the market until it was satisfied with the results.
can't imagine why you'd even care on a price move under 400. If it dips a lot you buy a lot. If it rises a lot you sell any options you had that went in the money from the move. If it barely moves you do nothing. What's the problem?
i dont know but he still loves me, he stopped beating me for a day.
based on the charts, for once I can put up w/ his blathering bullshit
It would be the ONLY reason I'd even care to hear Obama speak. Problem is you never know which one of his lies are going to cause what reaction.
Had to go to the admin office at a national cemetery last week to ask about the incorrect inscription on my recently deceased father's grave marker; they had Obozo's pic hanging in the lobby. It was then I realized it's not just his voice that makes me want to puke and/or make a politician into a lamppost decoration.
Keep him talking......its all lies any way, gold and silver must have it figured out.
Gold is intervened in , just like the Japanese Yen. http://freegoldobserver.blogspot.ca/ Who knows what the price of gold is ?
There are no good models. It is not allowed.
There are but they expire. I had a great one lasting from 2011 to 2013 april.
Currently what I'm looking at is re-scaling the time-scale on the 10-year chart to a log-scale then applying rate of change to find trend-lines. Replicate the price into the future since the dips line up. Then re-scale back on the date-scale to get the actual date instead of the log value of the relative date to whatever 1st day you pick in the data.
http://www.fxhistoricaldata.com/
http://www.fxhistoricaldata.com/XAUUSD/
http://www.fxhistoricaldata.com/download/XAUUSD?t=day
CSV importable to Libreoffice, openoffice, excel
http://www.fxhistoricaldata.com/download/XAGUSD?t=day
That's where I got data to make this http://flic.kr/p/f5bHkJ
Speculators bought paper. Yawn.
the gold Collapse of 2013 ? http://hedge.ly/12hI7OD
Help a brother out here:
During the last stockmarket, er... "correction" the gold market sold off significantly at the same time and I heard two explanations. 1) people selling their big winners to make margin calls on their big losers. 2) gold is the only asset that always has a bid.
What Im wondering is when the current non-bubble pops what will happen to gold and why? Does it sell off again because it always has a bid (why would that be the case with paper), or will it substantially rise as the hedge funds close out their very profitable short positions to make margin calls?
at this point, the banks aka the Cartel is long. So they are going to scald the shorts on the way up.
they know that there's not much left to steal at these levels. they have to let it go up to put a few "storefront" ounces in the Comex little itty bitty safe.....
so Queen Elizabeth can walk around and coo again......of course, everything she saw last time was owned by at least 69 folks per counce....
this time, they are going to take her down to a very tiny cubby at the end of a long aisle of Chinese gold.....
and show her the three ounces that the UK and the US own jointly.
oooooooo
Does it sell off again
As sure as the sun will rise under this scenario gold will fall. If the market takes a sudden dive people need liquid assets.
will it substantially rise as the hedge funds close out their very profitable short positions to make margin calls?
No, that doesn't make sense.
"No, that doesn't make sense."
Why? Because the idea of "selling your winners to finance your losers" just doesn't happen in reality? When I said, "to make margin calls" I meant the hedge funds have to pay margin calls on non-gold stock market assets which are falling.
Makes perfect sense. Nobody stays short forever, unless they really are actually selling something - but half these clowns never laid hands on a bar of gold in their lives.
I get what you were saying, doesn't make sense that that would shoot gold up (whatever etf or futures you may be referring to).
what's that? Looks like opposite directions to me http://scharts.co/IrvOJ6 2011 July. Same story 2009/Jan.
Mayhap the plunge protection team dislikes politicians and only care about their own -- note they smash gold and silver when the fed speaks and make it spike when the prez speaks. Seems to me they did this in years past -- shows the pols and plebes who has the power. The manipulation lasts until they run out of gold from the central banks. Maybe Armstrong right that gold stays low until the latter part of 2015.
$4 on gold and $0.30 on silver is a "spike"? Come on...
I agree. I'm not accusing anyone here of cheerleading but when these gains(soon to be given an ass raping anyway) are enought to make a story here it kind of feels like grasping at straws.
As some previous posters mentioned, I don't even bother checking the price anymore with the realization that it is what it is and there is not a damn thing this peon can do to change it. My mood has been much better this past week since coming to that conclusion.
Hmm, haven't actually weighed my Tozs, but I'm pretty sure they don't go up and down in mass with the FRN$/Toz.
that's 150$ more on a monsterbox because the pig squeeled...
Gold and silver is not going anywhere unless the banking cartel wants it too. This little mini-spike will be hammered down in after hours trading , and this will be a non-event. The only way we see gold or silver take off is if there's a default. Until then it's business as usual at the morgue.
Seems like even in a default event, gold holders might have to be very patient. Even Mr Jim Sinclair said (Ask The Expert interview) a comex default might be the "beginning of the end" of the paper markets.
After everything Ive seen since 2007, a few guys screaming, "Comex wont honour my contract" on KWN might not make the kind of difference we are expecting.
The default is the gold bugs' wet dream. I'm a goldbug, but seems I've had plenty of buggery and not much gold. The banksters are very greedy, but they are not stupid. I think the crimex price will rise again because it has to.
This is probably the one market with an actual regulator. His name is Mr Physical Delivery. He may be slow to rouse but he is never rebuked.
silver balls
silver balls
it's Christmas time in the City
:-)
Just paper crashing and has been for months.Just wait till after Xmas that when shit street becomes main street.
THAT MOTHERF€@ù&&@@!!!!!
I WANTED 17$ SILVER GODD%#}£$£¥!!!!!
Or maybe ¤¤¤¤¤¤¤
i know, i have about 10k bennybux to blow on some metal in the next month.
Who cares about this gold & silver stuff..
Did u see Miley last nite? OMG!
Surprised the King World News pumpers aren't going gaga over this Mickey Mouse "spike". Of course, if the spike were downwards, then it'd be attacked as "obvious manipulation".
KWN is a great source.
Just adjust your listening experience as follows:
#1 skip 45 to 65 seconds of each start of each audio clip
#2 for KWN metals wrap stop listening when it goes to Dan Norcini
#3 for Sprott skip this entirely.
Then the rest is quite listenable.
The speech has nothing to do with the way gold/silver traded. Let's stop kidding ourselves. The annointed one speaks every day.
What is this silver and gold thing? Is it like bitcoin? Where do I get this gold electronic wallet?
Don't worry about it, you can't eat it so it's not worth buying...
Backdoor Barry, what a Tool.
Gold Is In A Vertical Reversal After Overnight Smashdown
We have a very interesting print in the Gold market today. After the news about Iran Nuclear Deal over the weekend somebody was very much inclined to put a very negative Gold and positive US Dollar spin on it. After dumping 1500 contracts overnight the Gold was in a waterfall mode again and reached low of the day at $1225.80. US Dollar was levitating above 81.00 at some point with Dow and Nasdaq printing new Highs again. But by the beginning of the trading day in NY Gold has started its vertical reversal and is trading Up $8.30 now at $1252. US Dollar is Up for the day, but down from its intraday highs to 80.90 As we have mentioned before, US Dollar has printed a number of bearish candles on the daily chart last week and we will continue to monitor its action. What will happen next here will determine the direction for the Gold. Is it the bullish flag in the making or Double Top Reversal from the upper band of the recent downtrend line? Momentum indicators are pointing lower now on the USD chart below. Shellbomb announcement from China about its new policy towards reserves and Yuan appreciation are still making its rounds under the mainstream media radar. Once they sink into the market the inevitable QE Taper will be questioned again, particularly when people will remember that markets can Go Down As Well. No Bears are left in the Equity markets and No Bulls are left in the Gold market - everything is set up for the big surprise as usual. What will trigger that surprise? Maybe the chart below with the NYSE Margin Debt can give us some clues. Please note that Margin Debt Amount normally peaks before the Stock Market. Any move towards Taper will raise Interest Rates and we can have the Top in Margin Debt very soon if not already. http://sufiy.blogspot.co.uk/2013/11/gold-is-in-vertical-reversal-after.h...
Isn't it a four day weekend starting Thursday in the US? Good as time as any for a reset. I'm sure Shanghai is still open for business on Thursday and Friday.
Black swan Friday.
Stack On