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Silver Spikes Most In A Month As Gold Tops $1350
Silver is spiking this morning (up over 2.3%) by its most in almost a month as the losses suffered post-Putin's press-conference are now largely retraced. Gold has broken back above pre-Putin levels and is trading back above $1,350 (holding above its 1-year average). Bonds, stocks, and the USD are all relatively flat this morning leaving one wondering whether the catalyst for this move is related to the Ukraine-gold rumors although we noted Swiss 2Y rates dropping once again as safe-havens are bid.
Charts: Bloomberg
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SILVER BITCHEZ !
Wake me up when the GSR is back under 50:1...
Well the Silver-Bitcoin ration is 29:1...
Premature ejaculation on the Gold price, huh?
William Kaye claims that all of Ukraine's $33B in gold was airlifted to New York. During the middle of the night, of course.
That originates from a Russian Ukrainian news service Iskra.
http://news.goldseek.com/GATA/1394546580.php
GATA has asked the State Dept. about this and they said they will "look into it". GATA is waiting (forever) for an answer.
LOL, Putin gave the shipment his blessing ?
I'm sure we'll hear back soon, along with an ounce-by-ounce cataloging of what happened to Libya's hoard.
It seems that gold is easy to move when it actually exists. Sorry Germany.
Poor Germany, see what happens when you act as a sovereign state rather than a patsy beholden to the financial powers?
A stock I used to own was up over 40% yesterday...so up 2% is OK..but I am still a little sad...
Don't be sad for him, you'll be the one who can't look in the mirror when the day comes.
Why are you sad? Never look back at a trade for any other reason than to learn. Anything else, especially emotional involvement, is just wasted energy.
Sad is selling ups at 90, then buying gold miners, watching ups head up another 15 a share, and your miner stocks lose another 15%. I still think by the end of the year I will be glad I did it.
When everyone has given up, that's when we really move. We're close.
Silver For The People
Silver
Silver and gold
Silver and gold
Silver and gold
Ev'ryone wishes
For silver and gold
How do you measure
It's worth?
Just by the pleasure it
Gives here on Earth
http://youtu.be/rY-XDQN6ipE
Shiny happy people holding hands.
G, thanks......now I have R.E.M. stuck in my head all day
This will fix it. 3:50 seconds of kick ass rock and roll.
https://www.youtube.com/watch?v=XdHnGyU1yJQ
Sounds like someone got advanced notice of the silver spike;
Silver analyst Ted Butler: 08 March 2014- I don’t know who is buying all these Silver Eagles, as reports from the retail front do not suggest broad demand. As such, if it is one big buyer, perhaps that buying could end. On the other hand, it could continue, particularly if the buyer is well-informed. What I do know is that Silver Eagles are outselling Gold Eagles by an amount never witnessed in the 27 years of the Mint’s bullion coin program. One would think that this demonstrable and heavy relative demand for silver over gold would be reflected somewhat in price, instead of the pronounced relative weakness seen in silver. But one would think that only if he was unaware of the COMEX and JPMorgan. Yes, I know – this is only one slice of the supply/demand equation; but then again more silver is, effectively, consumed in Silver Eagles than in any other single demand component.
A local coin dealer in my area had 30 rolls Monday and by Wednesday morning he was out! He's in a very small town. population roughly 5500. Just sayin:-)
another useless fakeout which will be slammed lower tomorrow
I don't mind the slams so much as the fact I miss the higher lows.
BAM! Didn't take long for the smackdown.......
TPTB really are trying to hold the line
USA to China: "Here's your God Damn Gold! Open wide!"
Nothing an unlimited amount of naked short contracts can't take care of when the CRIMEX opens.
Stored at the Mt Gox warehouse. I should be good...
Mandatory physical purchases every payday will continue, regardless of spikes or slam downs.
US Dollar Slides To The New Low 79.51 As Ukraine Situation Moves To Economic Warfare
US Military Complex can not be challenged by anyone in the open conflict, but once things are moving into the field of asymmetric economic warfare tactics of Financial Wars U.S. has a problem. Economy can not really handle any external shocks now, Bubble in the equity markets is not translating into the healthy growth so far. Any serious correction in the market can bring very weak economic data further in the proximity of potential recession. And this is where Ukraine situation is coming so handily to the FED's rescue out of Taper. Do you really think that the banks want the tigthening of the money supply now? FED wants Weak US Dollar, FED wants Inflation and FED is ready to pause Taper at any excuse now. Further escalation around Ukraine situation will provide this excuse right in time when the economic data will be turning even weaker than now. http://sufiy.blogspot.co.uk/2014/03/us-dollar-slides-to-new-low-7951-as....
Yawn. Wake me up when it's over $40 again. One wonders whether the Rothschilds/aliens will ever lose control of the PM market manipulation scheme. The US debt instrument likely won't die until they decide its time, and it's not time yet.
I tend to agree. Sprott said gold was going to 2100 this year and gold to 50. So much bullshit...so little time.
"So much bullshit....so little time." Brilliant. LOL.
The right thing to do is to reduce your debt and to keep stacking. The sad thing is that we may die before this thing is finished. As to how the welfare-empire-matrix that is funded by the central banks can maintain its illusion of reality another ten years is beyond me.
It's still pretty early in the year. It's also unwise to pick specific dates though recent events such as the Ukraine smack of Western desperation. Things are looking as though they will unwind sooner rather than later.
When....? How far will a seventeen year old make it driving on a freeway after drinking a quart of whiskey? He or she might get lucky but it is only a matter of time before they either get caught or pile up.
HFI is totally correct about reducing debt and stacking. I would also plan for a protracted disruption in food and utility delivery through out North America.
Well we know the teenager won't get caught because his dad owns the police... even after a pileup I imagine
the coppers would spirit the little squirt out of there and frame a homeless guy.
Best strategy is to stay off the road.
+1 for the correct analogy
jaxville - I'd say 9/11 smacked of desperation, too; or was it boldness? Who knows. I trust almost nothing now.
Prepping for food and electricity disruption is a weak point for me. Thank you for reminding me. I should have 6 months of food and water on hand, minimum; I can't say that I have that, yet. Am working towards it, though.
I suspect that the can kicking will go on for lopnger than we can imagine. I actually hope it lasts for a while - that way the 529 for my kid's college may still be able to pay for something.
You REALLY DON'T want things to hit the fan - it WILL get nasty.
I've been buying 10 or 20 ounces every month or so. This month I am gonna buy junk silver because we need denominations less than an oz. At some point after the dollar collapses-people may want silver in exchange for goods and services. This could continue until the new world order comes up with the next fiat currency or finally accepts the obvious truth that PM is money- everything else is just worthless paper- easily counterfeited by the world's most crooked bankers.
"until the new world order .... easily counterfeited by the world's most crooked bankers."
The world order is the worlds most crooked bankers
both getting swiftly dealt with now
I suspect a PM smack down is coming very soon.
OK---I read this article, and go on my trading platform, and there is a minor gold smackdown in effect. Is ZH some kind of curse??
It absolutely is.
PMs will remain very "unexciting" as prices increment higher
http://bullandbearmash.com/chart/spot-gold-daily-continues-sideways-push...
One more push higher as forecast before we roll over.
Friday, July 8th, 2011 @ 15:30
"Plan your food supplies now. Grow and buy seeds that will keep you alive. Buy silver coins or gold, so that you can buy what is necessary."
http://www.thewarningsecondcoming.com/eternal-father-will-prevent-new-wo...
Brother Hutchings is that you? BTW, WOT (web of trust on google crome), states your site has "misleading claims or unethical" and "Hate, discrimination"
Please don't bring that hate to ZH
Anybody else notice the huge short everytime New York Exchange opens? How does this make any sense. If you were dumping gold why would you do it all at once and lose money doing it. Why not let it go slowly to a rising market? Why tank the market? Looks to me as if someone is manipulating the price. This of course is a good thing as they can do it for ever and will cause a spike in price eventually.
Lionhearted the Bankster Cartel is very interested in managing the price action and large dumps are the regular agenda for shock and awe in the PM's. The early morning dump is standard operating procedure as in the very typical downward action right before the stock markets open. Patterns of price manipulation are regularly noted at all times of the day and night and lately more pronunced in the thinner markets of the globex.
The banksters have been shorting like crazy in the last few weeks trying to stem the upward MO in the PM's today is the deadline for the COT (commit of traders) and they will most likely buy to lower their shorts heading into the end of the reporting period today. To cover their tracks a bit. So chances are price goes up today at least until the globex opens.
Not all my wisdom have to give Turd some of the cred. I think he is offering some comp looks at his service which is only $10 a month anyway. I'm a cheap ass and even I think its worth it. Sure he's human and therefore fallible but overall he is worth the $$ and more importantly the TIME.
Fed Trading Desk: "Hello, Blythe speaking."
Yellin: "Why is gold spiking? What do we print money and pay you for - look at your screen!"
Fed Trading Desk (Miss Masters): "Oh that! It's just an algo-driven muppet slaughter, Janet."
Yellin: "Oh. I know the gold loving sheeple need some affirmation that they're not crazy but I'm getting my hair done today."
Fed Trading Desk (Miss Masters):"Platinum blonde?"
Yellin: "And with gold highlights. No one dares to outshine me! Now listen, as soon as I've finished pressing Ctrl-P scalp the sheeple please, or the journalists might feel inspired to write about 'gold is money' or some other logical crusade"
Fed Trading Desk (Miss Masters): "Yes Jane! I'll put a fat finer on it right away."
Silver has been pretty frustrating, support appears to be down around $19.
I'd rather wait it out and see if that level holds.
Sorry everybody, I came into a little bit of money and was looking to buy some gold, so it looks like the price will march steadily up for a while until I piss all my money away and cant afford it anymore. Then I think we can expect another smackdown to sub $1300 levels. I'll let you guys know when something breaks on my car so you'll know to get ready to buy.
All over now. PMs resuming their normal Comex-driven trajectory. Nothing to see here folks, move along.
Short copper, long silver.
add it's gone
and it's back spiking again
Now gold has dropped with a big dip due to that 4000 tons (40 tons rehypothecated 100X) of Ukranian gold
I get tired of these "gold/silver SPIKES" articles. The damn silver price is +/- 50 cents from all of the other SPIKES articles! I want to see a gold/siver SPIKES article after a 10% move, not this penny ante BS (sorry everyone, in a bad mood today)
1350 is a very strong channel - this is a short squeeze right now