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Gold Hits $1300, Silver Surges To 3-Month Highs As China Rehypothecation Ponzi Unwinds
But, but, but... Janet Yellen didn't say precious metal valuations were within historical norms? Gold and Silver are surging today (and have done since the FOMC press conference all-clear) with the latter having its best day in months and back at 3-month highs... Intriguingly, just as we warned, gold and silver have been on a significant tear since the Qingdao CCFD probe began (as synthetic hedges are unwound - which dominate pricing in PMs) while copper and iron ore and so on have all fallen (as the reality of no real demand leaks into these commodities).
Is the CCFD unwind having its impact?
As we commented previously:
When we previously contemplated what the end of funding deals (which the PBOC and the China Politburo seems rather set on) may mean for the price of other commodities, we agreed with Goldman that it would be certainly negative. And yet in the case of gold, it just may be that even if China were to dump its physical to some willing 3rd party buyer, its inevitable cover of futures "hedges", i.e. buying gold in the paper market, may not only offset the physical selling, but send the price of gold back to levels seen at the end of 2012 when gold CCFDs really took off in earnest.
In other words, from a purely mechanistical standpoint, the unwind of China's shadow banking system, while negative for all non-precious metals-based commodities, may be just the gift that all those patient gold (and silver) investors have been waiting for. This of course, excludes the impact of what the bursting of the Chinese credit bubble would do to faith in the globalized, debt-driven status quo. Add that into the picture, and into the future demand for gold, and suddenly things get really exciting.
Here's our previous epxlanation of gold's move... if we are right that somehow China managed to push gold lower via gold CFDs, then the unwind pushes gold higher:
Here's how that might work:
In the gold markets, the paper or synthetic 'demand/supply' dominates pricing as opposed to the non-precious metals which have at least a grain of fundamental sense to them still
Throughout 2012/2013 - as the gold CFDs were booming, Chinese demand for physical gold was soaring as the price plunged (due to the forward hedging required in the CFD transactions which pressured gold swaps/futures lower and thus dominated pricing)
As CFD unwinds hit en masse, these flows must unwind (cover hedges and ensure the underlying physical is there... and if not buy it)
This will pressure gold futures prices higher and because unlike in non-precious commodities where spot markets wag the tail of the futures markets - spot gold will likely be dragged higher also (as we know the demand for the physical has been high).
So unlike in the industrial commodities - where the CCFD unwind drives prices down as the image above shows, thanks to synthetic manipulation and domination of the paper gold (and silver) market, the opposite occurs in PMs.
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BTFD
USD you mean?
You weren't here for the silver bull, were you... They were glorious times, my friend
Let me see silver at $25 and rising and then I will get excited.
These are still manipulated paper markets. When I have to pay a $5 / OZ premium for physical then I will know the game has changed.
"When I have to pay a $5 / OZ premium for physical then I will know the game has changed."
When people aren't taking dollars for silver, then the game has changed.
Go ahead and wait for that premium......I want you to wait ....meanwhile I'll take all I can store at these levels.....thanks BTW THE reason you buy physical metal is not to trade it.....and I predict RIGHT HERE AND NOW that you will NEVER own one ounce of PMs
Physical silver sustaining a 5% to 6% premium at the Shanghai Gold Exchange vs paper silver on the LBMA.
It was the daily Silver Fixing in London that was recently axed after 117 years - which appears to tell us that the immediate problem with price containment is in the silver market.
The paper price containment game only works while the market respects the dropping paper price.
(next - watch the problems with platinum and palladium on the LPPM in London. Building to be a shocker.)
Edit: see also
http://www.thetimes.co.uk/tto/business/industries/banking/article4123416.ece
Banks caught in fix seek new way to price gold
Iellen Is Shittin' Herself Right Now ???
GOLD !!!!!!!!!!! $4500..... Oooops, I Mean GOLD $45000...!
Bread $500!
Yep, and navy beans @$750/LB
Can't eat gold and silver. You'll be using it to bribe for your life when the civil collapse comes.
In case you do not f’n know, the pirates at JPM are stacking millions of ounces of Ag whilst spewing billions of short Fed paper.
What do they know that you do not?
with the auditors coming it must be time to actually get some.
@lordylord "When people aren't taking dollars for silver, then the game has changed."
Ain't that the truth!!!
My 2 copper cents-worth suspicion though is that this is way to steady and deliberate of a climb from the open today to not be manipulated. I still think there's another major smack-down (or 2) still in store for us either by the end of this month or sometime in July. Maybe after that we'll see something really significant happen.
But still...how can any positive gains that may occur, even if all the way back up to 49+, be considered "real" until and only until the Crimex has defaulted and gone tits up???
We can't ever have a real market even if "prices" are 500 per ounce if the Crimex is still in business and the paper market persists.
I sure hope that day comes soon. I'd love to keep on seeing these sub-30 prices for a long time further so that I and others can keep stacking relatively cheaply. But the day the Crimex goes bust will be when the real celebrating can finally start.
""Bread $500!""
Ya' Thinks So?
Well Buy & Store Bread Then...
PM's don't mold
Copper sharply up again
thought the last China copper articles were bearish...
Up $43/oz. TODAY.
Forty Three. Flirting with $1320.
Holy cow.
But but, Goldman said that unwinding unbacked paper claims on limited commodity supplies would drive prices LOWER.. What gives??
"Up $43/oz. TODAY"
..when you see $100-200 swings daily, you will know that the market is enforcing itself.
It has taken a long time, much longer than I expected, but Freegold will arrive with its shockingly high price ("$55,000"). My guess would be that silver rides along, but I am moar confident that gold will take the prize.
It still could be well off in the future. Or it could happen tomorrow.
"If you don't hold it, you don't own it."
Peeples are beginning to understand that. Some learn from history. Many learn the painful way thru loss and tears.
Been expecting MDB to show up with his usual anti-gold theatrics. Alas, he is a no show to the party.
MDB trolls for fun, not profit. Keeps his own schedule.
For the 10 billionth time...
MDB is SATIRE
Quite a few cash buyers in LA today. Never seen it like that. $$$$ on the counters. People know the dollar is losing it's value rapidly now, this will catch fire soon.
Or pay the local doc for the emergency appendectomy performed in your living room...
Beats not having one, or not having anesthetic.
During the soviet era, you had to pay the dentist in dollars for the novocaine.
Gold to buy your life, silver to buy rice and beans.
@ 762X54 and paying for novacaine Same will happen here with Ocare and worse ! and a good reason to have some storage.
We have not seen anything yet ? As it all melts down into ever more chaos it will make the last runup look like a blip on the radar screen and all because of fear, but rational fear !
Ponder this just for shits and grins, is the meltdown of the current regime having any affect on PMs ? I say absolutely but it won't happen all at once just as most events don't. It will be at a direct relationship to the unwinding of the current illusions. Which are imploding as we speak and the rest of the world has zero confidence in USSA .
But for all who think PMs will actually save you , think again. there is much more to the equation. Fat guys hoarding PMs , beans and bullets will still get it all taken way from them and be victims. Just like those with zip.
There is a much better way and it only involves a bit of knowledge and some effort but not much. The best of all worlds or ideas is always the best solution.
I remember reading a WWII story about how prisoners, bribed a German guard for 2 ounces of gold to turn the other way when the order was given during the imminent liberation of prison camps on the Polish border, to kill all of the prisoners and retreat leaving nothing standing.
In times like that, Gold price has a completely different value.
Yes.
Begs the question why the guard didn't just take the gold and shoot the prisoner. As a non-gun-owner I'm bothered by the reality that after Katrina-like events it's the lead that matters, not the gold/silver.
Because as a rule ~95% of people have some shred of honor....
It is the other 5% that fuck it up for everyone...
Knowing what you know, why on earth would you not be a gun owner?
A gun is a first strike weapon, you can't draw second. Predators alway have the advantage, they choose the time to strike. A strong community is your best defense.
Oceanx on a gun ? Good luck with that . you will need it. Whats your address ?
"In a gunfight...you need to take your time in a hurry." -Wyatt Earp
You can not eat FRN either!!!! I never understood why the paperbugs say that?
What will YOU use for bribes when the civil collapse comes?
Why pay bribes? Stand up and be a man or just go around. Never pay bribes.
If you are outnumbered 5 to 1 by by heavily armed assholes, you may want to re-think that.
I'm pretty sure everybody here is advocating having both. We should throw in guns and ammo too.
The real question is, are navy beans all you have?
Speaking of beans, I paid a $1.29 for a can of Bush's Baked Beans last night. I know that same can sold for a $1.09 within the last two years... 10% YOY inflation on fucking beans!
I think you may be shocked to find out that can contains less beans and more unsavory fillers with the increased price. I haven't bought a can of beans in years realizing we were paying a premium in convenience. It really is cheaper and healthier to buy dried and in bulk.
Miffed;-)
exacly. And those without any will pay with thiers.
So whats your saying Joe, is that it (AU-AG) will save my life when the time comes. Well thanks thats good enough for me, too bad about you though..
BaBaBouy: Gold will go to infinity when the dollar collapses. Along with everything else.
kliguy38 - Maybe you didn't get understand my comment. I was stating that I am not that excited by the relative price movement of the rigged paper market that has no relation to the true value of physical. Despite boating accidents there is a good amount at the bottom of my lake and I am not interested in diving for it to trade for worthless fiat from ogre Yellen. As a matter of fact I will be having more boating accidents in the future regardless of what the rigged paper market does.
That reminds me, I need to take all my physical along with all my buddies' guns and ammo on my next fishing trip....
Now's the time to get your guns and ammo off the bottom of the lake, slick.
Actually, it does have some relationship. When the time comes that the two have no relationship, the paper markets will have defaulted.
yup... I took it wrong....they've got so many peeps baffled by bullshit that i just get unhinged when they put them all to sleep with the grind
Unfortunately I lost all mine in a tragic boating accident while on a cruise to Cancun. I'm here to tell you gentlemen, alcohol and precious belongings and open seas do not mix. Well it does mix, but when the solution is allowed to settle, the heavier particulates sink down to the hopelessly unreachable bottom; where all my silver and copper now sits gleaming brightly, making the local fish feel just a little bit richer. So now I'm destitute and helplessly at the mercy of the Federal Reserve and its Notes. But I applaud all of y'all who are fortunate enough to have substantial (or any) PM holdings. You will soon be vindicated, while the rest of the morons of the Western world in general and America in particular will of course never have seen it coming. Now if you'll excuse me, I've got to go pay some taxes.
Well said Cro. Miles to go before we rest. We've seen false rallies for a very long time now.
It'll be back down again. Has to be, because the fed isn't done yet. They'll desperately sell it down because they have no choice. Wait til it hits 1250 again, then buy more. If it drops lower....buy more...
One good day means nothing, that much we've all learned. Just seems that there's more upside at these prices than downside.
So, if I understand you, your ambition is to become "excited". How interesting.
What the hell are you talking about? Are you okay?
rehypothication in reverse is a bitch....WHERE's MY FUCKIN GOLD!
Big money moving into mining shares, SRS rocco:
http://srsroccoreport.com/big-money-moving-into-mining-shares/big-money-...
i was only kidding
Yea because paper that can be printed at will out of NOTHING has value. The dollar says right on it "Federal Reserve Note" they used to say "United States Note". Redeamable in one dollar silver coins. Try that with a "Federal Reserve Note". It costs $25 in "Federal Reserve Notes" to buy ONE silver dollar.
Wish it still said this:
http://en.wikipedia.org/wiki/United_States_one_hundred-dollar_bill#mediaviewer/File:US-$100-SC-1878-Fr.337b.jpg
People. Change whatever Fiat you have into something tangible. Sooner rather than later. PM's in all terms are too cheap... not to.
I'd say there is more than the ponzi unwind at play here but the point is well made. I'm glad to see some metals rallies either way more for my own juvenile peace of mind.
I nuked some of my RRSP and am sitting on the money until the shit hits the fan. We can't not see another wash out because at some point the crash induced forced selling will push prices down and then I'll add the final piece to my position.
Call me crazy..but I am of the belief they will increase withholding taxes on both sides of the border on IRA/RSP accounts in the not too distant future. Smart move.
I'm cashing all out here soon. The holding company I'm part of has moved into heavy equipment which we lease to our company and based on looming future withholding taxes of 100% and the fact that the system and those who run it can eat shit and bark and the moon, I feel the need to fully walk the walk.
I had a hard time pulling the trigger on my retirement account. I started chipping away slowly....then the Cyprus thing happened...and the chipping turned intto a full scale exit. Who knows...maybe I panicked for nothing....but I feel better knowing that I have exited that part of the game. Bought real assets...PMs...some RE...shit that I can see.
I CAN'T pull the plug on mine. I've tried 4 years in a row now, and they won't let me. Despite it rising over those 4 years, I have no faith in it being there in 10 years from now
It's sometimes true -- if it's one of those employer-based 401Ks you have to leave your job to roll it over to an IRA. However, I'm thinking if you have one account that you paid into and another that the employer paid into you should be able to move your own account out. Might be dependent on the employer and the plan.
The other problem is if you've put money into those "traditional annuity" funds some 401K's offer. You are guaranteed a low level of interest payment in return for long-term storage of your money. I had a little in those and can only take 10% per year out. Totally messed up.
Anyway, try some more investigation and insure you can't pull it out even with a penalty.
Slow down PMs! I haven't jailbreaked my IRA fully just yet!
In the same boat, though because of age restrictions on the 401k.... Pondering taking a loan out against it, but I'm guessing that's really not that good of an idea as I would be paying the broker to have my own money and would probably still have to pay back the full amount, even if I were to never see it in my account again. I guess that money is just lost...
You have to decide whether the 10% penalty for early withdrawal is worth it or not. It may be worth taking some out if you are looking to grab some bullion.
I pulled everything I had out 7 years ago and just ate the fines. Made the penalty back and then some within a year or two.
I sure do sleep much better now.
You have to pay a market rate of interest but you aren't paying the broker, that money goes back in the 401k to you. The loan payments are in after tax money which is the sucky part but it makes sense when you think about it.
Me too, and now the Mrs. is putting money in hers again. Granted, it's a paltry sum but I can't bear the thought of a penny going there.
"But it's like free money with the match!" she says.
So naive. I try to convince her otherwise, but it's a lost cause and I am happy to just shut up; I get my way most of the time so it's a trade off.
Like you Syrin I know mine will probably have gone into some worthless notes or nothing at all by the time I want to cash out.
Tham is correct - plans vary on their rules. I am considering what many folks regard as a "nuclear option" on mine... take a loan to buy PM just to get something out of it and out of FRN.
Have you checked to see if you are allowed to take a loan? Most 401k plans allow you to borrow up to 50% of the balance to be repaid within up to five years. If the SHTF / economy craters / plan craters / job loss occurs before you can pay it back, and assuming the other 50% craters, I think the most they can do is a forced conversion of the unpaid balance into taxable income. You then take the tax hit, but hopefully at that point it won't matter. That also assumes the tax collectors have remained at their posts.
keep in mind, if you're 55 or over & separate from employment for whatever reason, you can cash out that 401k w/o the extra 10% penalty. you'll get any after tax $ unemcumbered, any pretax at the prevailing rate including capital gains.
if you roll it over, you're screwed, they'll whack you for the extra 10% if you're under 59.5.
they'll try like hell to get you to leave it in their plan or roll it. I literally had to scream at them "you give me my fucking money" sounding like Rhoda on "The Bad Seed" before they abliged.
good luck.
I rolled mine over with no penalty. Not really sure what you are talking about. As long as you roll it over into an IRA. Cashing out doesn't qualify as a "rollover".
The convo was about getting your hands on it.
My post was how the law reads at this time on how to get your hands on it without getting whacked the extra 10%.
If you rolled it over & are under 59.5, you just screwed yourself if you want your paws on it.
re:read 4874672
Then go back & read my post.
Leave the job, and leave the country for a year or two.... on that basis, everything can be cashed.
If you have a SEP/IRA you can do a "self-directed IRA" where you can buy metals, invest in real estate, hard money loans, etc.
Some 401k plans are self-directed as well or close to it.
Please don't use the N word that way.
You've probably been saying that since gold crossed back below $1900
You can thank me for the sudden rise. I decided to gamble away $1200 at the Indian casino last week instead of picking up another 60oz.
Its called a technical breakout you tards.
Outside of the night I lost my virginity...I have never wanted to see something go up this bad.
Speaking of which, perhaps blessedly so, at 40, there are time I wish to see something go down.
Here's the best indicator that determines if this PM move is real;
Watch US equity markets drop more than 10% in one trading session.
This tells you that the Fed had lost its magic wand, which would allow all other manipulated assets to streak to their natural levels.
Long Dong Silver, bitches. Almost sold some back to Gainesville, but I never got around to it
I have no idea what I just read.
I'm glad the PMs are going up though.
I wonder what Kim Kardashian thinks about this.
What's a Gold???
Sold all my bitcoins. It's silver all the way to the moon.
Not so sure about that. Bitcoin gone from 450 to 600+ recently. Damn thing just won't die. I'll keep mine, just in case.
I sold mine on the news from the FBI sale, and the 51% mining pool. I'm out for a bit.
well I guess you will be on clound nine when PMs can't be coverted into FRNs any longer.
So long as I can still convert PMs to 7.62x39 ammo, yes.
Y’know.. you were absolutely correct in the assertion that a 7.62 x 39 round (even a bunch) would not be effective against the underbelly of an MI-24.
Might you care to opine about how a bunch of these might work at a hundred meters or so.. maybe even the ones with pretty colored tips.. (I kind of like Ag ).
..all in good fun. :-D
http://imgur.com/haUxDNJ
I retract - some - of the bad things I've said about you.
ok.. I kind of like you too.
maybe I should get a Facefart page.
..anybody who spends that much time in in Jane's or Aviation Week is someone I would enjoy conversation with.
(I am one of the few left who has hundreds of hours in an EC-121M
-- my Navy version had a lot more Intel stuff inside)
and.. I was one of the first in an EP-3E (>2k hours).
crud.. that is not entirely correct,, my last 600/800 or so hours or so were spent in a P-3A as a radio operator with the best view seat behind the flight deck.
If you want to do a gut check, try being in a MAD trap at <1000 feet above the water at a couple of G's in the soup knowing that the left seat guy only has the radar altimiter to keep you from becoming a statistic.
and oh..oh.. try typing on a TT-264 to send the position report out on HF when you can barely lift your arm. :-)
Annapolis, class of '98.
In the early 2000s, I was an MH-53E driver, doing it in weather as shitty as that which you described, flying mail and cargo to the big deck because that was the only time the jet kids were not conducting their air ops. Risked my life - and those of my crew - for fucking mail.
Gut check? Yeah, I was the left seat guy. Yeah, the RadAlt is life.
I resigned my commission in 2007, with some bitterness.
Recommend against the social media sites. I confess I have a LinkedIn page, however. Look me up. I'm probably the only guy in Arkansas with the kind of resume bullets you'd guess.
I almost drew duty in the back of an All Three Dead -- (also known as the whale on deck).. flying to the airport that would not stay near sea level. Best thing that ever happened to me was getting EW in a big bird that went to wonderful places and put my butt in nice hotels.
..near 10 years in the Navy ( 4 years active.. 6 reserve) .. outside of a guided tour never spent time on a ship.
I bailed when the Soviets were in Afghanistan, Carter was the CIC and I realized that if the SHTF I could not pay my mortgage on military pay.
In one way it way it was a good thing, on the other I would have another grand or so a month riight now,
Annapolis.. ’98.. I am genuinely impressed and respectful.
And oh..oh. oh.. my wife love's the movie Officer and A Gentleman..
I told her all about the parachute drag, the dilbert dunker and the altitude chamber, but I do not think she understands. :-)
and gee.. I don't think anyone could understand what it was like to miss a mid-air with an IL-38 at a couple hundred feet or so.
and.. and.. I recorded the X-Band paintings as the MiGs lit us up with FC all the time. It really was SOP back in the day.. Likely it is that way now, too.
and.. seems like radar alt and a some beeps was your regular duty.. to me it was the exception, but we both likely have trophy undergarments with skidmarks of accomplishment.
TTCF….
You have the prize.. my hours ain’t squat compared to the danger you have experienced.
..and I will look you up because I really want to be more southern.
gosh, I have a hard time envisioning putting a heavy rotary on a reeling deck.
Silver "Surge?"
To me a silver surge is a dollar-a-day for more than a week. This is like a Viagra spurt.
A true surge is not a temporary Re-surgance. More than a bunch of unemployed "USIS" trained, Toyota-driving, bank-robbing and mass-executing You-Tubing, Twitting crackheads
Umm... we're about to hit the dollar-a-day mark right now. But I agree, let's see moves like this for a week or more.
<-- when it's down it's just poo poo paper
<-- when it's up it's WOOT WOOT WOOT!
The morgue & sucks white shoe boys must have today off & there is a power failure at the fed.
Wait till they wake up tomorrow will suck
We have seen $1300 in our lifetimes again !!!!
Someone is dining on some serious hat right now.
Oh shit! Silver is out of control.
The question is how long to hold onto the worthless paper (AGQ) before I exchange it for more worthless paper (USD) to convert to less worthless paper (GBP).
Dude, that seems like a major bummer. Best of luck though.
It it moves up $100 in a day, I'm all in.
Otherwise I'm staying 50% cash.
Your methodology is all wrong. I don't care a bit what the price is beyond the fact that I like to get as much for my fiat as I can. Gold is an insurance policy against distastor, not an investment.
Doc,
If we see a $100 up move in gold(outside WWIII openly starting between US and Russia).
it will mean the FedRes has lost control completely, in which case I don't want to be holding
anybodies fiat ,or paper promises..The disaster would have already happened.
Whether I can actually get delivery is another question.
That's my point. If you don't own some before a disaster, it will be too late to get your hands on any after it happens. Because if and when disaster strikes, it will be fast and furious.
I had 50% of my capital in it before an unfortunate gardening accident.
The Swiss way of saving,as taught to me by my father ,and grandfather.
+1
Whether I can actually get delivery is another question.
= calling to buy the insurance after your house has caught fire.
A financial disaster is a foregone conclusion when you allow some vermin to operate a fractional reserve/credit based money scheme. The only question is a matter of "when". To not hold a decent percentage of your investable assets in physical in such an environment is the height of irresponsibility.
His methodology is wrong for you...but it maybe right for him...you do not know his situation. Most people should not go all in for PM's...but Zero Hedge is full of people who are not 'most people'...thank goodness.
I don't know Win but looks like they have little to say about this rally. I could be wrong and they used mini-pukes today to knock it down but certainly with little effect.
Uhmmmm......... Where did I say anything about him going all in? My point is that if he waits for the disaster to own gold it will be too late.
You said gold is not an investment. It is for some. And provided you know the risks and plan for them, it can be a great investment.
It's all BULLSHIT debt paper. A US dollar is a DEBT note. It is proof of money owed to "The Federal Reserve" and all currencies are pegged to it. So it's all a major Ponzi scheme. I am creating my own gold standard. In a sense stackers are bringing the gold and silver standard back. But my stack keeps sinking to the bottom of the lake.
I may be premature, but its about time for some good news.
As big as they are up today, there have been worse times to buy some GDX/GDXJ. The past three years have been a bloodbath for miners. Maybe it's just a short squeeze, but it's nice to be above water for a change. If the gap fills and holds, it might be off to the races. Worth watching, anyway.
ya thats what im wondering, if this is just another short squeeze. i look at them and see they are up, as is my account, but its still been a painful couple of years. im still 50% cash in my IRA right now, just cant make myself buy more into the miners
After all, stock is just paper.
Buy the rehypothocated paper gold...
Looks like all the ruminating on ZH,last year, about the PBOC being behind the paper shorting was
right after all.I'm sure the FedRes was only too happy to assist them, looking short term only.
Lets hope this is a start of a bull run back up to $1900 on its way to $10k.
Not to worry. I'm sure 'Belgium' will suddenly find that it has a pressing reason to sell a bazillion ounces short for some wholly legitimate and not in any way suspicious reason.
As long as the price is set in the paper market, there will be no PM price reset. That said, it certainly does feel like the dominance of the Comex on PM pricing is looking shakier than every before.
"gaining traction" after a total collapse last year. the collapse in Silver has been even more spectacular...until now.
We shall see. The energy inflation from last year was devastating to the American "recovery" thesis. As with all raw commodities "turning it into the refined product" is the problem. If Australia starts importing the refineries and stops exporting the raw materials you could really get a price spike in all metals here...not just gold.
To call the contradiction between such a truly massive move in equities, a huge rally in treasuries and "war everywhere" while commodities tank "contradictory" is an understatement.
The (dark) heart of the matter remains massive debt creation funded by a total collapse in employment and wages.
While Great Depression 2.0 has been prevented this more than just the worst post World War II recovery in history but in fact is a "non recovery" as everyone "slides backwards" save for very few.
Melt-up phase in gold and silver! Squeeze the little fuckers!
Go Silver!
It only needs to go up $5/oz. more and I will break even! Yeah!!!
"It only needs to go up $5/oz. more and I will break even! Yeah!!!"
It only needs to go down $10 and I will break even. "Stacking since 1981"
"It only needs to go down $10 and I will break even. "Stacking since 1981"
Show off!
>> $5/oz. more and I will break even!
Bunch of Turdites looking at $25 to do that.
LOL
Sold mine at 300%+ TRADING since 1978!
My friend, any time you can trade worthless scraps of paper for physical precious metals........you have already won. I wish they would stomp on gold and silver some more..........and they likely will. I love those discount prices!!!
>> I wish they would stomp on gold and silver some more.....
For the life of me, I'll never figure you guys out.
So they can back up the truck
Pay 'tench! : )
"Gold will never see $1,300 again".
~ Morgan Stanley.
Goldman Sachs will never utter the truth again.
They were right; just early,... and from the wrong side...
Again?