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Silver Has Longest Winning Streak Since 1968: Spikes To 3-Month High
Silver and gold were slammed early in the European day but have now recovered those modest losses to extend their winning streak. Gold is holding above $1,320 but Silver is outperforming +1.4% today and is now up 13 days in a row... this is the longest winning streak since at least 1968. Both gold and silver have broken through their 200-day moving averages (and the often-watched 150-day).
Charts: Bloomberg
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Long Dong Silver, bitchez!
It's fake paper silver. Meaningless.
Gold & silver are both good here (as is BTC, IMO, to be fair).
Let's break it down:
Gold: Best wealth preserver in town. Insurance. Quantum jump coming.
Silver: Even more volatile (paper price) than gold. Great speculation.
BTC: Even more volatile! May win big. Maybe not. For the risk tolerant only.
Fishez!
Whether they get behind BTC or not is not what fonestar is talking about. He is talking about ZH'ers legitimizing their (supposed) enemies position by continuing to refer to these markets as "gold" and "silver", when clearly they are not.
when I drop my silver bar on my foot it tells me its "silver".....BTC will be detroyed with the swipe of a banker's keystroke
More or less meaningless than Bitcoins on MtGox ????????
MtGox is dead. Nobody in the Bitcoin community cares, so why would you care?
Got a lot of downvotes the other day for mentioning a profitable position I had taken in AGQ, small-cap primary silver miner. Maybe people thought I was pumping and dumping? Either way, its now had a 104% run in the last month. THAT, I did not predict. If there's a pullback to below $.70, buy. Below $.55? Buy with both hands.
Fonestar...you need tio contact BTC and remind them they need to hitch their wagon to gold...else someday might go poof. Like pie in the sky.
And what does that have to do with the above post? Why are you continuing to refer to these markets as gold and silver?
they ARE NOT markets....agree...all rigged OF COURSE......why buy BTC when its just another scam to suck you into their clutches...YOU DONT GET IT .....THEY own it......its a black hole for your money......that's all BTC is....its NOT money.....its a JOKE
No, "they" definitely do not own it. That much is apparent to people who are involved in the Bitcoin community.
Dude, forget it. They will never understand. In 5 years, when the majority of all transactions are made using cryptocurrencies, they will still think it's a scam. What you are doing is like trying to explain the value of gold to an MSM watching sheep -- it's a lost cause.
PMs for storing wealth. Cryptocurrencies for transactions.
Exactly!
Do you even know what peer to peer networking is?
fonestar
That is a good insight. The PM markets are really only markets betting on price movements only. The only PM markets that matter are those who buy and sell physical only. I do not understand the four reds on your uncontroversial comment here.
Actually I think that many here at ZH do understand that the "paper gold" and "paper silver" markets ARE different than the buying and selling fo the metals themselves.
I agree. Local coin shop will buy silver for one dollar UNDER spot, but sell it at four dollars OVER spot.
...but even in these cases the primary price is set by the cartel and then the dealers attempt to work with that.
'Tis true. That is why I continue to just be the Drunk Little Irish Boy - https://itunes.apple.com/us/album/drunk-little-irish-boy-single/id811586176
.
That is the problem with paper prices.
The paper prices as you call them, are influencing the physical prices, if only through not having a physical price of their own.
That was why I was interested in what I had heard about the Singapore exchange.
Also all papers are not created equal.
Some papers like CEF have audited amounts (in that case held in Canada). I don't think GLD is the same way.
There needs to be some separation in the spectrum of paper to physical.
Seems to me that if you believe that, at some point in the visible future, the paper prices of gold and silver will no longer dictate trading, you would rather be an owner of silver. The supply and demand fundamentals are much better world-wide though the COMEX failure looks to be closer for gold than silver.
I don't know why you are getting junked. You are right. With unlimited fiat they can manipulate the price in any manner they want. The only real meaning is that it just got a little more expensive to add to the insurance policy.
He gets junked automatically by people who presume his comment is bitcoin related.
fonestar's comments are not Bitcoin related. If you're not going to understand Bitcoin at least understand silver.
Fonestar talks like Jimmy.
http://www.youtube.com/watch?v=Apa0nG1OfUc
I don't have a horse in this race, but your points about paper are accurate.
ZH too often degenerates into dogma fights.
You ignore the fact that there are practical limits beyond which the illusion of fiat value would be shattered.
You're pretty funny sometimes. Look up bullionvault.com and monitor the trading in tonnes of Silver bullion over the last 24 hours. If the world was as simple as you think it is, people with an IQ of 90 would actually understand it, but they don't.
And they get those prices from where?
If you're buying, who cares if the price is manipulated downward? Buy physical for the price of suppressed paper.
The bet is that long-term the paper suppresson schemes will be untenable.
Sure, not saying don't buy. Just saying don't get too excited.
http://en.wikipedia.org/wiki/Bland%E2%80%93Allison_Act
So, what is your definition of long term?
"It's fake paper silver. Meaningless."
For now you need a fake paper price to know how many fake papers to trade in for the real metal.
Keep printing idiots!!! Keep printing!!!
This is either a sucker raleigh
or
The start of a new bull
it's still 50/50 at this stage
Is that like a Sir Walter Raleigh?
Shit is getting real in the Ukraine
...decapitations
http://www.interpretermag.com/wp-content/uploads/2014/02/3982986.png
http://www.interpretermag.com/ukraine-liveblog-intense-violence-in-kiev/
you think they will sell it on Ebay?
I dunno but the protests in Ukraine are not like the ones in Greece
How about selling Putin and Obama on eBay? Special deal! The two of them for the price of one!
You can keep it!
Somebody needs to tell Blythe to get to work.
Todays Globe And Mail headline:
"How Far Will Gold Prices Fall?"
True story.
this is not the anomaly your are looking for...
My kitco page is showing gold and silver down on the day. Silver not by much, but still down.
Please tell fonestar which site on the internet lists the non-cartel price for silver? Looked for six years, never found one.
.
You need glasses greatbeard.
Was watching the short attack on PM's overnight.
They knocked $17 off an oz of gold.
Somebody vacuumed up the bargains.
The paper game is nearly over.
Yeah, been a regular occurrence in the overnight. Although the action is promising, it will be slammed again and for as long as the banking complex controls futures exchanges.
Winston Churchill wrote:
"Was watching the short attack on PM's overnight.
They knocked $17 off an oz of gold.
Somebody vacuumed up the bargains.
The paper game is nearly over."
Yeah, they didn't waste any time, did they? I mean they jumped right on it with both combat boots just as soon as they could.
I really hope you're right that their paper game is nearly over. I really do. I needed it to be over years ago.
Sold all my PM's to buy Yelp and Netflix, so I laugh at your 1-2% gains... /sarc
I remember the heady days of 2010.
Someone is expecting to be attacked by a horde of warewolves.
$ Is king. Silver is nonsense. Greetings from the megalomane fag Keynes.
@Obama_4_Dictator
You still on this thread?
yes
A little off topic here, but seems like a good place to ask....
I went and saw "The Monuments Men" yesterday and there was a scene reflecting when the allies found the German reserve bank gold in an underground mine.
When people on here talk about German gold currently being repartriated, what gold exactly are they talking about? Did that WWII government gold end up in the US? Or is the gold Germany has been storing in the US from more recent times? What happen to the gold stolen from the Jews?
I'd appreciate any insight people have as to the various categories of gold being discussed.
Thanks.
Fodder. It's Gold that Germany had after WW2. It was sent to the US for 'safekeeping' (stop laughing everyone) during the cold war in case the commie reds sent their tanks marauding across Western Europe.
+1 for educating someone instead of being a patronizing dick
I assume they accumulated some additional gold in the decades followng, so did they send that to the US as well? (at least until the Cold War stopped?)
I gave you a down arrow for falling for obvious Jew propoganda and spending 20 bucks to keep 3rd rate actors imployed.
Actually I went to the early showing, so I only spent $7.50.... and took my own snacks...
I spelled employed,"imployed". I'm losing it. Sorry I was just trying to explain your 3 down arrows but now I see it has evened out.
The tribe has been stealing from the world for thousands of years. You might want to study that too.
Why you ungrateful Yid
which 'Jews' are you talking about?
the ones that precipitated the Weimar Republic's hyperinflation?
Keep it cool P.Metal bulls, the BIS trader (sell 10,000 at market at 3am) hasn't as far as I know jumped out his 30th floor window, yet.
He's got more power (in the short term) than any of us can imagine. I reckon it's just a metter of time before he shows up again but that's what the bulls WANT because it will be interesting to see what happens after he's dumped the price. That will be a real tell...
To ansewr your question about the 427 part of my handle, in high school we all had beepers, and we all had a code we would use so people knew who was beeping them from unknown phone numbers. We also had several codes for various types of drugs and quantities needed. But a ford 427 is way cooler.
LOL nice
CANNONFODDER... I recomend these 2 books.
http://www.amazon.com/Gold-Warriors-Americas-Recovery-Yamashitas/dp/1844...
http://www.amazon.com/Nazi-Gold-Sensational-Greatest-Criminal/dp/1840187...
Thanks, I'll take a look.
Silver up big? The economy IS improving.
To save you time, I'm going to summarize all comments soon to be posted on this thread:
1. "Silver Bitchez!"
2. "Silver is now poised to rocket skywards!"
3. Silver will get monkey-hammered any minute, as long as the banksters are still in charge!"
4. "Bitcoin sucks! Keep stacking!"
5. "Bitcoin is for realz...!"
6. "Buy ammo!"
7. "Fuck you, Blythe!"
There... now you can go back to whatever else you were doing.
Add...
Fuck you JPMorgan!
Death, by law, to Banksters.
Now your list is better.....
@cannonfodder
I gave you an up arrow for asking a question that some will ridicule you for. I asked alot very simplistic questions when I started reading here and got negative feedback from most, but there are those who will help. So keep asking.
Thanks :)
EDIT; actually I think I've learned more reading this site than I did in Econ 101. Seems like a lot more real world application.
I already own plenty of silver so keeping with the other portion of my mantra
Mahavishnu Orchestra - You Know You Know - Live France 72 http://youtu.be/kEoBEtrwvWAGermany has the most gold at the moment (in Sochi).
Anyone know what is happening with the Singapore Physical exchange?
My understanding was that that exchange would give us a physical price that might deviate from the paper one.
I've been predicting $1100 oz gold since the $1900 top. Check my history. That's where gold is headed.
I'm predicting you are a Typical Jackass with no hair on top. Check my history...that's where your prediction is headed.
http://www.youtube.com/watch?v=zgkLhfiGIqY&feature=kp
Silver has always tracked food prices. We have a rally since Dec 2013 on CRB Food INdex. When it is sustained Silver pressure is too high and it blows off upwards. As long as CRB Food index stays uptrend keep your silver, if CRB stays flat, stay idle, if CRB Food falls, sell 1 month calls with 10-15 out of the money.
anyone else have a hunch that this may be du to bernanke no longer in powere and yellen does not want or knows nothing to do with a gold/silver suppression scheme?
That's cool but I bought a bunch of it at $30...
limp dick paper silver still "pushes on" the REAL SHIT son...
FUCK YOU Bitchcoin...how bout sell some LEADCOIN? [just shaped in a little dif geometry]
here's the line to withdraw some shit coin...
line up & get sum:
http://www.youtube.com/watch?v=yHAywlBxFFQ
Regardless of the price fluctions of PMs, neither gold nor silver have ever gone to zero against any currency AND THEY NEVER WILL! If you hold physical metal it will always be worth something. As for Bitcoin et.al, in 5000 years we'll see how it "stacks" up to PMs. What makes me chuckle about Bitcoin is that it is trying to become a subsitute for money. When, and I do believe it is when and not if, people finally awaken from their coma, gold/silver phyz will once more take their rightful place at the top of the monetary food chain. You don't need a computer or even electricity to count your stack, candles work just fine BiteCoin.
For some reason when they sprayed ground up bitcoins onto surgical scrubs as an anti-microbial it had no effect.
And totally baffled why no success using Bitcoins in photovoltaic applications either.
Colloidal Bitcoins anyone?
Prius didn't even make it ten feet on new Bitcoin/LiON/NiMH batteries.
Almost forgot: Bitcoin bullets for werewolves and vampires.. OH SHIT! Doesn't work!