Gold And Silver Are Spiking

Tyler Durden's picture

Following this morning's smackdown, it appears low prices encouraged demand and in the last few minutes, gold and silver turned green for the day and surged on heavy futures volume back above $1250 and $20.25 respectively.

 

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XAU XAG's picture

2014

 

will be a great year for volatility!

 


nope-1004's picture

<-- Gold to test 1280

<-- Gold will continue to be capped at 1250

Ignatius's picture

Got to hold the close above $1250.  Then we'll see.

AllThatGlitters's picture

Gold is already over $1250:

Live Gold Chart: http://www.pmbull.com/gold-price/

Live Silver Chart: http://www.pmbull.com/silver-price/

Whether it stays there or not, I don't know.

It's fun when it is up for a change though.  Will it stay capped? Today, I don't know. Long term, it will not.

fonestar's picture

So I'm confused.... is it the "dollar" you are excited about or the metals?  

Also, supposing you are a real anarchist or libertarian, why is it important to have "dollars"?  If you are honestly interested in metals (I don't think you guys are because you're a bunch of fakes) why not circulate a silver coin not issued by government, free from any government markings, made of silver and call it "silver coin"?

markovchainey's picture

You mean like the Liberty Dollar guy who was arrested and all his coins confiscated?  Maybe that's why not...

fonestar's picture

Perfect example.  Von Nothaus was a "stacker" who had some balls.  The rest of you on the other hand....

ncdirtdigger's picture

Maybe you can be like the TV anchorman and show us your bitcraps to prove you have some?

fonestar's picture

Belive me, it's not just Bitcoin you guys don't understand.  It's gold, silver and the theory of sound money that you don't understand.  Either that, or else you're a bunch of pussies.

AllThatGlitters's picture

You stated:

If you are honestly interested in metals (I don't think you guys are because you're a bunch of fakes) why not circulate a silver coin not issued by government, free from any government markings, made of silver and call it "silver coin"?

Um, ever heard of a little something called a private mint?  They make things called Rounds and Bars, which are not issued by government, free from any government markings, made of silver. They just so happen to not be called a "silver coin." They can be denominated in any currency you like.

Your statement above proves you to be the ignorant charlatan that you are.

AllThatGlitters's picture

Furthermore, I think you are pissed because BTC is still under $900, after you relentlessly pumped it at over $1200. And yes, that is priced in dollars, which is exactly what the junk at Overstock is priced in first, before you try to exchange your declining BTC for it.

fonestar's picture

Bitcoin is declining?  Wow, you must be a real idiot to believe that... in five years it's gone from $0 to over $1000.  Yeah, that's a pretty big "decline" fool.

 

nope-1004's picture

I believe Bitcoin is a government initiative.  A digital currency gaining widespread acceptance, as opposed to anything else that can't be easily tracked and traced (like cash and PM's), is the give away.

 

AllThatGlitters's picture

Excuse, my post below fonestar.

That should have been $1200 - $800 = ($400).  It's declining so fast that I can't keep up.

But you keep pretending it has grown since you turned on the pumping afterburners at $1200.

I might start a fonestar pump index and check the correlation between BTC tops vs. fonestar pumps. I bet it is quite high.

fonestar's picture

Bitcoin is a real market.  The charts above are not real and have nothing to do with gold and silver.

Bitcoin will go to six and seven figures.  The idiots on this site will still be idiots without a clue as to why.

Jack Napier's picture

Making generalizations of an entire demographic merely showcases your own ignorance. We're a "group of folks", not an individual. I don't disagree that BTC could go to the moon in dollar terms, but dollars are the worst thing you could be holding. When SHTF do you think farmer Bill is going to want digital currency or some silver? You can be rich and be a slave to the beast system with BTC, or you can be rich and free with metals. It's not that complicated.

kodachrome's picture

Durrrrhrhhhhrrrrr.

Bitcoin crash from 1200 to 800... Durrrhrhrhrhrhrhrh.

Call me when it hits 12 dollars if you want to say that it's crashing.

867-5309

Thanks.

fonestar's picture

"I believe Bitcoin is a government initiative.  A digital currency gaining widespread acceptance, as opposed to anything else that can't be easily tracked and traced (like cash and PM's), is the give away."

 

Wow you must believe a lot of crap then hey?  Because I run in much more technical circles than most of you and nobody I know owns any Bitcoin.

AllThatGlitters's picture

You said:

Because I run in much more technical circles than most of you

LOL. Can I get you to cite your source for this?

For somebody that keeps presenting themselves as an intelligent, logical and technical kind of guy, I see an awful lot of assumptions and twisted observations regarding "non-believers" or agnostics being used to support what appears to be a religious belief in some computer bits. Not sure I want to follow the advice of a highly emotion-driven creature wearing blinders.

fonestar's picture

You accuse me of ad-hominem attacks and yet none of you have ever bothered to reply to question of why you are excited about fake markets that have nothing to do with gold and silver?  Or why if gold and silver are already money it requires government stamps to make it usable money?

So I guess what I'm asking in a nutshell, is why braindead mind control experiments can't see they're braindead mind control experiments?

CitizenPete's picture

I can understand why someone to entrenched in the Statist paradigmn would give the answers you do.  Try this -- read a book. 

StychoKiller's picture

WHY would I hand someone a Toz of Ag (for petrol, for example), when most of the Ignorati are fat, dumb and happy to accept a piece of paper with A. Jackson's picture on it?

"Being fat, drunk and stupid is no way to go through life, son."

silvermail's picture

Bitcoin is a new project.
Nothing else can discredit any new project so efficiently, as its discredits the unconditional support of the idiots side.

AllThatGlitters's picture

$1200 - $900 = ($300).  Simple math. Idiot indeed.

I must have missed your 100 posts per day at $0.

I'll be sure to pay more attention next time.

 

fonestar's picture

Oh no!  A pullback fool!  And go back and check my posts, I was saying all the same things at < $50 BTC.  

We've never seen a product like Bitcoin that has so many advantages over its competition in history.  Your "dollars" are over man, and your fake libertarians are not going to have jack-shit left to rescue.

AllThatGlitters's picture

33% is a pullback and my dollars are over man?

Now you pretend that people invested in precious metals are somehow dollar lovers?

LOL. Your despearation is showing.

The utter lack of logic in your responses and your ability to twist A into Z proves that you have gone off the deep end.

You are just a wounded animal, lashing out.

Your volume of posts at $1200 was likely 10X your posts at <50, as was your speculative investment in BTC.

 

fonestar's picture

My volume of posts has been consistent the whole time from $50 - $1000 BTC.  You don't like precious metals, you're fake!  I like precious metals because I have told my employer I would rather be paid in physical silver and Bitcoin.  You're pathetic scam artists that will become emotionally invested in some "leader" (claiming to be a libertarian) who can start the paper rectangle-gold scam over again.  I heard there's going to be a Bush 3.0, sounds like the perfect ticket for dunces like you!!

AllThatGlitters's picture

LOL. Yeah, I don't like precious metals because I don't buy BTC. That is some twisted logic.

And more assumptions.  Find one post where I even talk about Libertarianism, or any Libertarian leader. You won't.

Your assumptions and backwards logic are embarrassing for you, but I'm sure that you believe it will do a great job getting people to put their wealth into BTC. Keep it up.

fonestar, you are true study in how not to promote something, LOL. You better read up on the art of persuasion real quick or your masters are going to cut off the paycheck for your posts.

fonestar's picture

I don't want to "promote" Bitcoin to fucking idiots.  I don't want the likes of you on my team and Bitcoin does not need wide-scale adoption to make five, six and seven figures.  If you haven't grasped Bitcoin by now, you are not going to ever grasp it.  Tough shit, volunteer as historical roadkill and get killed.

AllThatGlitters's picture

LOL. Did I hurt your feelings?  You are a real treat.  A little too thin skinned, but that's what makes you so funny.

fonestar's picture

I bought BTC at $16.  I was on here proclaiming the supremacy of BTC at $50.  I am still on here predicting a BTC victory at $900 BTC.  The ultimate outcome of this is very simple and straight-forward for those that truly understand sound money and technology.

akak's picture

Bitcoin is the Debil!

quasimodo's picture

"I don't want to "promote" Bitcoin to fucking idiots"

Perfect! Surely you think we all fall under that umbrella. Before you leave, for good, please go and fetch the rubber ball I am about to throw into heavy traffic.


MeelionDollerBogus's picture

these are the 7 figures bitcoin will make:
$USD 0.0000001

MeelionDollerBogus's picture

your posts for btc < $100/ea pretty much are near zero.

MeelionDollerBogus's picture

no, you weren't. I've been watching all the comments for years & that comment from you never happened.

MeelionDollerBogus's picture

math iz fer shillz! th3 bitcoinz haz the invulnerablez!

becuz of the mathz...

...oh wait

MeelionDollerBogus's picture

You're on LSD: Low-esteem Sourced Delusion.
Bitcoin's never getting up to 1200 again, it's slamming down to 900, then 500, then 200, then $2 then it's done.

Dropped to 868 today... you're gonna be real butt-hurt at 86.8 usd/btc!

MeelionDollerBogus's picture

just imagine how he'll react when it hits $90!

poor little shillionaire...

Abitdodgie's picture

fonestar , you speak the truth , be carefull people do not like that around hear.

superflex's picture

He speaks what his handlers at the NSA tell him to speak.

 

fonestar's picture

It's you that is a fake shill for the establishment.  Not that your conspiracy addled brain could even comprehend that though.

Jonas Parker's picture

"Believe me, it's not just Bitcoin you guys don't understand.  It's gold, silver and the theory of sound money that you don't understand.  Either that, or else you're a bunch of pussies."

 

I sure am glad you were here to tell me how stupid I am. Meow!

Now let me invest in some of those digital "0s" and "1s" again. I feel so much more secure now...

fonestar's picture

If Bitcoin only becomes a currency for the technically sophisticated minority I am perfectly fine with that.

MeelionDollerBogus's picture

by definition a currency must be for everyone, not just for a minority.

MeelionDollerBogus's picture

you don't even know what intrinsic value is - you're unqualified to critique others.

Papasmurf's picture

You mean like the Liberty Dollar guy who was arrested and all his coins confiscated? 

That idiot stamped "Dollar" on his coins.  If he has stamped them 1oz  .999 Silver he would have been okay.

markovchainey's picture

I definitely think he screwed himself by doing that Papasmurf...no argument here!