This page has been archived and commenting is disabled.
Gold Soars After 200 DMA Breach, As ETFs Finally Resume Buying
Recall what we said first thing this week when we remarked the latest surge in Chinese physical gold buying: "As we have said before: keep an eye on the "gold holdings" of the GLD and other US paper gold ETFs, whose drop in holdings for now has offset Chinese accumulation on the margin. Once GLD gold holdings solidly resume their climb higher, that will be the key upward gold price inflection point." Perhaps it is a testament to the power of paper of physical gold (if only for now), that while yes, we were correct, and gold is now indeed soaring, having finally broken above its 200 DMA as we reported yesterday, all it took was the predicted rebound in gold ETP holdings which have finally ended their liquidation cycle.
As Bloomberg reports "Assets in the SPDR Gold Trust expanded 1.2 percent to 806.35 metric tons, the highest since Dec. 20. The biggest ETP backed by gold, which shrank 41 percent last year, is up 1.2 percent this week, headed for a third weekly advance."
Sure enough, gold is now surging, and is back to levels last seen in November of 2013.
Of course, should the paper accumulation accelerate from here, with physical inventory vastly depleted thanks to relentless Chinese buying, the reflexive cycle may result in a dramatically rapid move higher from current levels as gold finally returns on its path ever higher.
As Silver also breaks above the crucial $21 level...
»
- 18961 reads
- Printer-friendly version
- Send to friend
- advertisements -
Barbarians at the gate!
I thought they were relics.
You must be thinking of Chuck Munger.
Nobody saw this coming.
Typical day - not a single article on Yahoo Finance about Gold, not one.
They're really making it too easy - just fade the MSM, traditional financial gurus, and anyone in the .gov with a microphone.
But wait! We'd better wait to see what Dennis Gartman says about this!
CNBC is probably all over this.....those cats love their gold.
Miners are kicking rectum
Rectum? Damn near killed him!
G..G..G.. GOLD B1tchez...
And to all you idiots who actually buy paper gold etfs instead of gold, buy gold.
Don't totally agree. One route could be using leveraged products(NUGT, JNUG) to take advantage of the big pop already underway and convert back into phyzz or phyzz related ETF's(PHYS, PSLV).
True, you could do that and make good money. But given the increasing shortage of physical I'd be worried that it wouldn't be readily available when I cashed out and went to buy physical. At least not in the quantity and form that I wanted.
For clarification, i already own phyzz. What i was referencing above was using these products in my self directed 401K to get max benefit. Not poo-pooing owning phyzz whatsoever.
ya but your feeding the beast. knock it off! don't be a paper monkey, you will get deservadlty burned eventualy.
Ask the Mt. Goxers how much the leverage their exchange provided is worth now.
It will be the same in the paper PM market.
It is important not to be discouraged when gold (paper gold) gets beaten down as it was in 2013. Buy it if you don't already have "enough" (based on your income, circumstances and comfort level in how much gold you own).
Gold is wealth. There is no better protection, and the upside is huge.
Gold looks like yet another one of those things that moves very slowly..., then it happens all at once (sort-of quoting Hemingway). Don't miss out when gold blasts off, buy it and be patient.
CNBC is probably all over this.....
They will blame the weather
I'd say that was an accurate statement
U.S. manufacturing output unexpectedly fell in January and recorded its biggest drop since 2009 as cold weather disrupted production, the latest indication the economy got off to weak start this year.
http://www.cnbc.com/id/101417530
It's sad when TPTB at ABC Media, LTD decide to nuke what was an clearly an outline of suspicious inconsistencies coupled with and what was also clearly identified as speculation as to one possible reason. Too much truthiness, too many lawyers, and too many dumb-ass sheeples, coupled with too many bought and paid for legislators, regulators, and State enforcers... makes for a dull world, but ZH is still worlds above CNBS and offers the best subscription price relative to content quality in the industry.
Do you own due diligence, the prospectus is only the starting point, and a document drafted by a lawyer is generally drafted to give his client the maximum flexibility to achieve his stated ends, hence the origin of loophole, the utilization of which must be inferred from the legalese construction of the facade.
STREETTRACKS(R) GOLD TRUST - AMENDMENT NO. 5 TO Form S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
http://www.sec.gov/Archives/edgar/data/1222333/000095013604004007/file00...
TRUST INDENTURE OF streetTRACKS(R) GOLD TRUST AGREEMENT
http://www.sec.gov/Archives/edgar/data/1222333/000095013604003776/file00...
STREETTRACKS(R) GOLD TRUST PARTICIPANT AGREEMENT
http://www.sec.gov/Archives/edgar/data/1222333/000095013604003776/file00...
SPONSSTREETTRACKS(R) GOLD TRUST SPONSOR PAYMENT AND REIMBURSEMENT AGREEMENT
http://www.sec.gov/Archives/edgar/data/1222333/000095013604003776/file00...
STREETTRACKS(R) GOLD TRUST ALLOCATED BULLION ACCOUNT AGREEMENT
http://www.sec.gov/Archives/edgar/data/1222333/000095013604003776/file00...
STREETTRACKS(R) GOLD TRUST UNALLOCATED BULLION ACCOUNT AGREEMENT
http://www.sec.gov/Archives/edgar/data/1222333/000095013604003776/file00...
STREETTRACKS(R) GOLD TRUST DEPOSITORY AGREEMENT
http://www.sec.gov/Archives/edgar/data/1222333/000095013604003776/file00...
http://www.sec.gov/Archives/edgar/data/1222333/000095013604003776/000095...
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001222333...
TPTB @ ABC media = NEW TYLER DURDEN.
Very shitty.
Gartman said this yesterday ... trying to back-peddle his idiotic timing strategy
Dennis Gartman: "I'm Quietly Bullish on Gold"
http://goldnews.bullionvault.com/gartman-gold-021320143
Well, best be hiring me some illegals @ $5/hr to dig up some nuggets...
Short term: You're correct.
Long term: I saw this coming years ago.
TPTB will do their best to knock it back down... today, tomorrow, who knows.
filed under hoocouldanode
Relics at 1320 a ounce. FOR ALL I CARE THEY CAN CALL IT CRAP! But it's still 1320 a ounce and rising and I love it :)
We wants the precious a thousand per ounce,
To fill up our boatses before any bounce.
Au is very cheap at $1320
Ag is very cheap at $21
Both will still be cheap at $2000 (gold) and $30 (silver). Just be patient. The huge price increases will happen in good time.
Reflecting on how significant up-days scare me more, here's a (slightly modified) post of mine from a down day in metals...
If at this stage you are not COMPLETELY convinced that PM's are highly manipulated to maintain control of a colapsing fiat monetary system then you probably have no business owning any precious metals besides personal jewelry - I would recommend that at this point you stop reading here, close out Zero Hedge and turn on MSNBC.
If on the other hand you are awake and can see that not only are we waist-deep in manipulation but ever-nearer to a Global Monetary Colapse, then you should be COMPLETELY convinced that it's only a question of time before TPTB lose the ability to continue said manipulation. If this is the case you should like me be rooting for the price of PM's to go down so you can acquire more. Rather than complaining about the manipulation, be thankful for it and continue to increase your holdings. After all, the day TPTB finally lose control, the world will become a much sadder place and comforts which we now enjoy will go away for the majority of the people of this world - in fact I suspect there will be significant loss of life... Widespread wars could affect even those of us that have prepared for the worst.
Heres something to think about (coming from someone who is well over 60%-In PM´s, with physical holdings as large as 99% of ZH´ers) ... The best part of all this is that even if we´re wrong about the current economic situation (which all evidence proves we are not) your life will be no worse for having a large horde of Gold and Silver, on top of that you'll sleep much better... Note: I hope its my paranoid instinct, but this current move up scares me more than any recent one, I´ve got a bad feeling that this could be ¨THE ONE¨...
let's get Physical
http://www.youtube.com/watch?v=vWz9VN40nCA
Silver is rocking even harder.
I want "soaring" to mean 10+%. But I'm greedy that way.
When does rock (gold) finally beat paper?
2% A DAY KEEPS THE DOCTOR AWAY!!
nice saying...
to bad i... I NEED MY PRESCRIPTIONS!! WHOEHAHAHAHAHAHAHA!!
fonestar to change his BTC rhetoric to Ag in 5...4...3...2... [he'll have to pay for BAND CAMP this summer from his Ag stack instead of BTC's]...
BTC is sick.....pretty soon it will be $0.25 per whatever can't even call em coins.
TPTB can't contol BTC.
TPTB can control GLD. and gold.
They've capitulated and realised it is far better to allow the sheepp to hold rocks than unicorn farts that kill with one whif.
And the dinosaurs here at ZH cheer for their masters.
You guys are sick.
I've been in phyzz since 2009 when I was 25 or 26. Fuck this GLD shit. It's just another aspect of the casino.
"The price of gold may be affected by the sale of gold by ETFs or ... and recovery may be limited, even in the event of fraud, to the market value of the gold at the time." GLD Prospectus
http://www.bbc.co.uk/news/technology-26187725
No one can control BTC except...
Bwahahahahahaha
"TPTB can't contol BTC."
Your 100% sure you want to stand by that statement?
"TPTB can't contol BTC..."
TPTB can control GLD. and gold.
~~~
I'll illustrate 2 ways in which BTC can be controlled wherever & whenever...
#1 ~ See Above ^^^ [bitcoin hacks]... While BTC geeks like to think they live under an invincibility cloak... There are 2 things that are compelling:
a) Since NOBODY really knows who conjured up bitcoin, there is really no way of knowing if it isn't an NSA/TPTB operation to begin with... Argue all you want that it's not possible, but you're only fooling yourselves & being disingenuous in the process if you do so... There have already been several 'hacks' which have been performed [which is a HUGE chink in the 'invincibility' armor/argument]... As for 'TRUSTING THE SOURCE'... Bwaahahaahaah!... Schiff, Warburg, Kuhn & Loeb, Rothschild's & all the others who 'CREATED' the FED, did so under the guise that it would 'STABILIZE' the markets & the eCONomy... What's incredible TO ME is that all the BTC 'dinosaurs' have fallen for the same old gag...
b) Notwithstanding (a)... All TBTB really needs to do is 'DISCREDIT'... Which means, before it ever takes off & goes mainstream [which it has NOT ~ despite all the publicity ~ & which is represented by the fact that 12.5 million bitcoins mined X the wildly fluctuating value can, at BEST, = only $10 billion notional dollars versus the 1 quadrillion notional value of world 'assets' [derivative based or not]]...
#2 I've already presented a method [here on ZH], where it would EASILY be possible for any central bank [or even a simple high market cap entity like Google or Apple], to hijack the entire BTC market... When you're talking about something as small as $10 billion [whereby ~ by resident 'experts' here like fonestar have POSITED & ADMITTED that 80+% of it is 'inert']... ANYONE with cash [printed or not], could set up millions of small 'dummy account' wallets & thereby have the ability to use these in a HFT manner to flood the exchanges & manipulate the price [up or down]... This idea is NO DIFFERENT [in practice] than 'naked paper contracts' which are used as leveraged to CONTROL commodity markets... NO DIFFERENT AT ALL... Call the idea 'microspopic options' [if you will]... The ruse is that instead of using LEVERAGE to overwhelm [by establishing 100x times accounts & printing all the money needed to execute them]... You go the other way... Because the # of BTC's is, apparently FINITE... You systematically establish millions upon millions of individual SMALL wallets... Hell ~ You even PRINT your own counterfeit currency to fund those 'little' accounts, [it would cost only 3 days of QE to buy the ENTIRE BTC market]... When you have effectively 'cornered' the market, you can make the PRICE sing and dance any way you want [because you start TRADING with yourself]...
Upon examination ~ the ABOVE ^^^ hypothesis would be an 'exquisite' hypothetical explanation of the strange BTC price SURGE [last winter], then, collapse, THEN, surge... & now ~ selloff... It ABSOLUTELY fits with a concentrated 'periodocity' of EXACTLY what I described...
"TPTB can't contol BTC."
Your 100% sure you want to stand by that statement?
fonestar is willing to stand by that statement.
stop snorting bat guano fonestar, I know that shit's cheap and the buzz is epic, but there will come a day when you will need to get a real job panhandling or something.
When money is free, the cost of buying anything is also free.
That applies to BTC as well.
>>>>> Then selling becomes free as well.
>>>>> Things like selling huge amounts of GLD at market make no difference.
I cannot be any clearer than that...
wrong: they do control it and just DID show you that control by stopping bank accounts connected to BTC and by smashing the price selling bitcoin THEY HELD, AND by setting regulations & punishments to stop adaoption of BTC.
That's 100% control.
BTC = bow & worship your slavemasters = dollar
no difference. ONLY TANGIBLE HARD ATOMIC GOODS like silver, gold, etc., can break it. Bitcoin is never that.
I've got a fever, and the only prescription... is MOAR COWBELL!
Silver...like bandgap said. Smile inducing but not whoop inducing yet.
ori
150 calls on 20$ okt. 2014 help... :)
hypothetical, but serious question for silverbugs:
at what per oz price would you be willing to value 2 1964 Kennedy Half Dollars for an hour's of one's time for helping with another's garden/farm/homestead (friendly favors not included)?
best answer is one that considers both from the giving side and the receiving side.
Melt is about 8 bucks per.
But it already in a nice sized coin, I wouldnt take less than 15 for any of my Kennedy Half(s). And realistically I don't trade metal for anything, but I trade other shit for metal all the time.
so you see silver primarily as a store of value then?
Currently....
When paper money fails it'll be used to acquire things and services I need which if I've done my due diligence won't be much.
This is assuming I'll be kissing my gas, cable, power bills good-bye. Property taxes will be collected by force or not at all, and mortgages will be forgotten. Pretty scary shit for most people, but thats when silver stops being a store of value for me but a means for survival.
thanks for the honest answer. always smart to have a SHTF stash, just wondering if there is a place for "junk" as a practical means of exchange in more of a slow burn scenario. and at what USD price?
maybe, when it's valued more like 1 KHD = 1 hour of 1's time, i'll ask the question again.
Junk Ag?? What a concept!
That's 5.72 oz for an 8 hour shift. A fair wage at current prices, discounting the premium normally associated with small quantities of 90% and considering the tax man gets cut out of the deal.
yes, sorry i meant per hour, my bad
2 KHD's at 90% silver content = 22.5 g = ~.8 oz / per hr., so about let's say 13 KHD's for a good day's work with liberal breaks + a nutritious lunch provided.
p.s. there is no need necessarily to define labor in the most commonly accepted sense of the word.
At current prices? There is no silver bug alive letting it go for the paper price.
No but, its the retard babyboomer kids walking into the local coinshop unloading their parents whole collection after their funeral so they can pay off their Audi.
FOR THE LOVE OF GOD(i'n a Chris Farley voice), if your going to stack phyzz, and pass it on to your kids, please teach them the values and principals of who you stacked and saved. Otherwise they will piss it away at whatever stupid price. That is not a gameplan or how you build a legacy!
the question is AT WHAT PRICE is one willing to use it as a means of exchange.
purely hypothetical of course.
LOL. Bartering silver for time? No tax will be reported for that.
Trick question. None of the items mentioned requires a paper price.
2x 1964 half-dollars seems a fair trade for say, sowing 40 feet of garden properly, or maybe collecting a couple of baskets of tomatoes, perhaps similar for blackberries, blueberries, maybe onion.
This is invariant to the paper price of silver, land, etc.
Stock chart breakout also using the chart the algos are going off
http://imgs.steps.dragoart.com/how-to-draw-the-solar-system-step-4_1_000...
Bring it!
The ETFs should burn. Keep those motherfuckers out.
Yeah....don't introduce those guys to your mother......for obvious reasons.
Time for some kareoke http://www.youtube.com/watch?v=ntG50eXbBtc
Bankers realized that devaluing global collateral and savings by 30%, by temporarily lowering gold prices, in a depression would cause an economic downturn--The hard way. This economic downleg was brought to you by the idiots of central planning. Idiots who think worthless MBS derivatives dropping 2% will bring the system crashing down, but it is okay if they fk with gold for a little while. I hope they learned their finance 101 lesson. Gold is the center. The global economy will never recover until gold is priced correctly vs paper. Same as the depression and WW2. Same as the 80's. Same as every other paper credit bubble vs gold.
Are you telling me bitcoins are no longer the center of the financial universe?!?!?!
Why use this type of rheotoric??
Repeat after me "I am human and its ok to make mistakes. I missed the trade of my lifetime by ignoring fonestar and "the yungins""
After all, you are the one talking about BTC in a GLD article.
I know.... they'er fascinating even on a down swing!
LOL
After Thursday Gartmania I wasn't sure we'd HAVE Friday humour. You did it.
They have learned nothing. This is WS we are talking about. They view themselves as the center.
The faster the far east completes their physical exchange, the better.
I wish WS would burn in Hell
It is us who have not learned. WS makes the rules. We would all be better to not try to run with them. Physical/ long term or at some point we will be eaten.
"We would all be better to not try to run with them. "
I think the same. I view PMs as the anti WS vote with yout money....
I tend to agree that they will only realize their mistakes while sitting inside of cardboard boxes on the side of the street, only coming out to beg for some of the new gold backed currency. I think bankers run their operations as if they are the dumbest MFers on the planet. The are just there to steal what they can for themeselves personally. So nothing they do regarding the economy or actual banking makes any sense.
What nonsense is this?
Next you'll be expecting rule of law, trials & even consent! Well! I nevahhhhh
The Fed will allow gold to rally to around $1350. Then they will hammer it relentlessly.
How much more of a corner on the market will China have by that time?
Probably gonna have to dip into our great grandkids future earnings to pull that off. I would expect some resistance some John Boehner....then again....maybe not.
Only after Fed shareholders go net short...
You make some freaky calls...that I've learned not to ignore.
The constant drain of dealer stock is shrinking the size of the hammer they've got. Folks will figure out pretty quickley when the COMEX has to settle every delivery contract in cash that the floors are bare.
Gold Breaks 1,320: The Mother Of Short Squeeze Has Arrived
Gold is sending its Happy Valentines to all Gold Bugs today and breaks $1320 on the massive short squeeze. Gold shorts will have their Blood Friday now. The real reason for this move is the realisation of the groundbreaking shift in the structure of the Gold market with the unprecedented demand of 2,181 tons of Gold from China in 2013. Janet Yellen testimony has opened the possibility To Taper The Taper andJames Rickards is calling for the Taper Pause in June. US dollar is going down very close to 80.00 level again. This level will be protected, but should the US Dollar break down below 80.00 Gold and Silver will go vertical towards $1,500 and $25 respectively.http://sufiy.blogspot.co.uk/2014/02/gold-breaks-1320-mother-of-short.htm...
This bitch be spamming.
I too wonder who pays this spammer to pump gold and silver in every article.
pump and dump .... same movie so many times ...
Possibly, but $1180 support held very nicely. Could we see a 2008 again?... sure, but I truly believe it is different this time.
WE JUST did see another 2008: it's over now, 2011-2013 = 2008-2009. It's done.
The wait is over.
It wasn't different this time: though a re-scaling is usually in order & in this case it's log-compressing the date-axis to overlap 2011 to 2008.
WOOHOO Now we just need the market to drop appropriately and i'll be smiling all the way to the fiat bank so i can get more physical.
Why didnt I buy more???
There is always time to buy more when you can purchase physical at discounts to spot pricing. I've been doing it every month for the last 7 months. I'll show you how. Greg@logigold.com
It's inevitable that PM prices will keep going up... it MUST happen.
All USD's and USD/fiat denominated investements will turn to ashes. Gold and silver are the best of the best. It's amazing to me how some people cannot see this.
Patience is a virtue and will be well rewarded.
When equities take a dump so will GLD.
GLD <----It's just paper gold.
I wouldn't reco that.
haters hate!
http://chamillionaire.com/uploads/64c9f5f66706d3d15809a22173126cb1.png
But I'm a lover
The biggest question of the day of course is what Gartman thinks about the move in Gold.
Yeah his ETF must have 100 tons of gold by now /s
You mean the paper paper paper gold ETF.
Good luck with that Dennis.
Its all going to Asia..never to come back...London has to be close to empty....and nothing is being deposited into the dealers accounts at the Comex for deliveries...that is strange...but expected when there is no metal to be found..paper yes...paper all over the place....
And when the good people of the USA learn that Ft. Knox is empty? That will be the force multiplier that could cause the bankers to start swinging - although I would not rule out a reason to begin that process early.
And Mt. Gox bitcoin crashes to $348! Wow.
But phonestar says BTFD! lol
What an idiot.
Well......that IS a dip.
Don't worry. He is cost averaging all the way down to zero. Soon he will own all 21,000,000 bitcoins and then he will set his own prices.
what difference does the price make on something you cannot redeem?
"what difference does the price make on something you cannot redeem?"
That is probably one of the best most succint statements I've ever read on ZH. That one is a keeper and I'm going to use it!
It's like Farmville. Makes some people think they have a farm.
Good point. Hackers probably have an easier time stealing bitcoins than trading them in for fiat. But I beleive the end goal is to have no need to convert to dollars, Euro, Yen, etc. Though it is easy to send and revieve bitcoin from wallet to wallet, the confirmations take too long for practical use. Also, good luck buying bread with your bitcoin when the only baker accepting it lives in Russia.
We gotta get Fonestar aka Fonuel L Jackstar aka BitKONAmon on the case!
Do ETFs even have to have a minimum of physical to sell paper? Why can't they keep selling but continue to lose physical?
They do. As long as fish line up to take the hook.
Every ETF has its own rules in its prospectus. I read GLD's, it's not pretty if you want something other than paper or electrons.
When a bullion bank has excess gold they stick it in GLD and get shares. Saves them storage costs and makes some money on a dead asset. When they need gold they redeem (or buy and redeem) shares. Not much more complicated than that.
Over the past year apparently they have had 550 tons of gold requested...no problem...just take it out of GLD....and ship it to China...
Got wonder just how much this is having an effect on the commodities markets in general including gold.
http://en.tengrinews.kz/finance/Mining-companies-applaud-tenge-devaluati...
Kazakhstan mining companies that have been struggling with the depressed foreign markets have finally had a breath of air. They are among the very few groups in Kazakhstan that are welcoming the nearly 20% devaluation of tenge declared a few days ago. Mining and metallurgical companies are supportive of the tenge 'adjustment', as they call it, because it rhymes with profits for them, Tengrinews reports.
...
http://prosites-kazakhembus.homestead.com/mineralwealth.html
In terms of the reserves of uranium, chromium, lead, and zinc the Republic is ranked second in the world;
-in terms of manganese - third;
-copper fifth;-in terms of it's reserves of coal, iron, and gold Kazakhstan is one of the leading ten countries of the world;
-in terms of the reserves of gas, oils, and aluminum the country ranks, correspondingly, twelfth, thirteenth, and seventeenth. A 20% currency devaluation has to be having some effect on the markets.
gotta arb those labor costs.
betya the bribes aren't d(en)ominated in tenge tho.
I do love NUGT etf. Up allmost 100%... Thanks Obama!
I'd take some off the table and get some physical gold.....but that's just me.
Happy Valentine's Day!
Someone familiar with introducing their parents into this?
I'm glad I bought coins at the $1180 bottom (twice)
It made me nerveous, as I didn't want to lose credibility
I'm sure you understand.
I wish I had the knowledge when I bought my own stash ($1550, I think it was)
For me price volatility doesn't matter.
I'm in for the long run.
Some people refer to it as 'strong hands'
Grtz
Silver hit $21.12 - Time for some Rush - http://www.youtube.com/watch?v=WpENyx-qty4
Yes, the meek shall inheret the Earth.
I can't seem to find a chart for the 5,000 year moving average. How the hell am I supposed to know if it's range-bound or not?
The moving average was flat at 1 cow for 4000 years.
Coffee, meet keyboard. Hilarious.
Barrick just released its Q4 2013 results showing “All-in costs” for mining gold at $1,317 an ounce.
Get it while it's still a bargain.
Gold is backed by gold...everything else is backed by bullshit
And bullshit is backed by Obama.
Other way around.
Keep your eye on the ball and don't play their game. All politics are the same and they don't work for you.
C'mon guys, we spent the last few months talking about JPM etc. fraudulently robbing the ETF's..... this is going to happen again.
The prices will be higher, the ETF's will fill up with physical and then the criminals will take deliver while manipulating the prices down...
Keep stackin', stay away from GLD
Can someone please explain to me where GLD got the 7 tons and why ETFs INCREASING gold supplies, stopping the decline is bullish? Just trying to understand the mechanics. Still underwater but holding out for the moonshot.
Wait, we can put investigative journalist BOB PASANI on it!
1325 and now 1360 resistance - this upside was showing in December
http://bullandbearmash.com/chart/spot-gold-daily-continues-close-nearer-...
By what measure, you know the actual shorts stops, or the pending buy orders?
That's what really sets resistance... all of us want to buy on lower prices, I would expect the same of others.
Spend the cash, Hoard the gold, and silver!
Hold 10 Morgan silver dollars ... feel the power!
Power is trying to pick up a couple of boxes of fifty 10-oz Silvertowne bars.
Lift with your legs, not with your back.
as, paper. ain't none of those fucking funds actually have gold.
It's a beautiful day in the neighborhood, isn't it?
I love to smell the stench of burning shorts, see the banksters fly from windows and hear the lamentations of the widows in the morning, boys and girls.
<Channeling Mr. Rogers>
oops..GLD lost 5.1 tons today...this outlook lasted one day...