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Precious Metals Liquidated To Make Room For Alibaba, Silver At Four-Year Lows
Precious metals are under pressure once again this morning led by Silver which just hit its lowest since August 2010. It appears investors are liquidating precious metals to make room in their 'safe haven' portfolio for precious Ma's Alibaba IPO... because what could go wrong there... (Russell 2000 is also seeing notable liquidation)
What makes us think this is BABA liquidation (obviously tongue-in-cheek but the timing is odd...)
As Silver gets relatively slammed...
- *GOLD FALLS 0.8% TO $1,215.82/OZ IN LONDON, LOWEST SINCE JAN. 2
- *SILVER FUTURES FALL TO $18.125/OZ, LOWEST SINCE AUG. 2010
It seems Russell and Nasdaq positions are also being liquidated for the "can't lose" BABA...
The Russell 2000 is now below pre-FOMC levels...
Charts: Bloomberg
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Real money is the enemy of the fractional reserve ponzi. Of course, it makes total sense to sell, all at once, my silver holdings at 4 year lows for BABA. lmao.
Totally fake paper market.
Precisely. And the ponzi has won. Markets are marching to one tune only now, doing the bidding of the establishment. Ever since they went all in there has been no other bet. The only way to win is to play along. Of course it ensures unproductive waste and decline and ultimate collapse, but then everybody loses, including the stackers. Sadly the rational thing to do, short of prepping and dropping off the grid is to join the dark side. In the long run we're all dead anyway.
Let me see if I can clear any more room in my safe, or maybe dig a bigger hole.
No kidding, I'm shopping today.
Buying fake eagles from Baba?
Holy shit! Silver now $17.98! They have gone all in.
Wouldn't it be funny if BABA never actually technically IPO'd? They can just accept limit orders from now on and the exchanges can hire some old ladies to decide on "today's closing price"? Now THAT would be an awesome free market ala Soviet Gangnam Style.
no...people aren't dumping paper silver to buy ali-fucking-baba stock.
more like they're dumping paper due to the new Shanghai Exchange.
regardless of whatever the fuck it is it's fucking great! Let's put a nice low 17 handle on the paper Ag today, bitchez, cuz I want to go shopping for more cheap phyzz!!!
Isn't Shanghai Exchange just a gold exchange? Now, i could understand people seeing the handwriting on the wall but not sure its directly related to the SGE.
First off money talks and bullshit walks. Silver is down 67% from its top and so it's taking it on the heel. Deservedly so.
Secondly Alibaba is going to own the retail space. For those of you who missed WalMart, Amazon or EBay, here it is again. Only Alibaba is the final iteration.
PAPER, GET YER PAPER HERE!
"And the ponzi has won."
I'm seeing more and more capitulating comments like this. Perhaps the end of this insanity is closer than we all think.
If I’d bought an ounce of silver for every mention of 'bottom in silver' on here over the past few years my losses would be exponential...so those talking about buying this latest 'bottom' - take note. Or not whatever.
what "losses" do you have from buying silver???
wait....you weren't stupid enough to sell it, were you? hahaha
only chumps are selling phyzz because they get scared about what the "paper" price is doing.
Buy and hold...it's for the long haul...it's insurance against the inevitable decline and destruction of the dollar and all fiat paper currencies.
You people who cry about "losses" when paper prices go down or who gloat about it becuase you think you're smarter than phyzz stackers because you have some kind of perceived winnings when GOOG or APPL goes up sound totally pathetic. Really...you obviously haven't been paying much attention and clearly ZH has not helped you one bit over the last 5 years.
Do you think any stackers are going to gloat or celebrate if silver hits 50 or 100 or 200 or whatever? Do you know what that actually means??? Do you think it means anything in reality about the fiat value of our phyzz???? Will our amounts of ounces have changed any???? An ounce of silver or gold will still be an ounce. It won't have changed one gram.
No, we won't be gloating when those days come....and believe me....those days are a lot closer than you might think.
What that means is that the dollar and all other fiat will have totally collapsed. Do you think when that happens we would actually sell our phyzz for paper fiat shit currencies of any kind???? If we did would you call us rich????
What good would it do to sell an ounce of silver for 200 bucks if a loaf of bread is nearly that much. Silver and gold at that point will be virtually priceless in terms of dollars because NOBODY will be selling their phyzz for that shit.
No...we will want to trade our phyzz for other valuable assets instead. This will be the interim system of barter (in my opinion) before the new monetary system of whatever kind is spun up and working. In my opinion there will be a metals backed currency of some kind that will actually have some value or store of wealth to it like our Constitutional coinage prior to 1965.
And we all know how valuable silver coins are today compared to the bullshit in circulation now, right? But at least a copper penny is still worth the metal it's made of....and at least a nickel is still worth the nickel it's made of. We know a nickel is worth about 6 cents in nickel value right now. It will only go up in value as the dollar continues to decline. Nickels will become what pre-1965 silver coins have become today. Start saving them now.
So drop the bullshit about losses or profits when it comes to phyzz PM's. To true stackers that bullshit is entirely irrelevant. When all trust and faith has been lost in the dollar and all other fiat then you'll understand what wealth really is if you have a healthy stack of phyzz to rely on as your insurance policy.
Everything else is just paper dreams and digital bullshit. That's the only thing you can bank on these days.
Never sell. Just stack. You can get a full monster box under $10,000 now....
yes! how awesome is that??? fuck yeah...if I had that much fiat layin' around I might do it. But I'd rather cost average in a little at a time. Buy a little wait for the next criminal paper dip...buy a little more...wait...wash, rinse, repeat. I've been doing that for the last 2 months and have added nicely and cheaply to the stack.
Everything else is just paper dreams and digital bullshit. That's the only thing you can bank on these days.
You've written an impressive piece, highly persuasive.
But there's one nagging thing I can't quite get my head around, hopefully you can explain. You see, people keep admonishing me not to miss the boat and do buy phyz at any price. As it has dropped in (paper price) there have been ever increasing calls to buy. Yet I struggle with the numbers... So, if you were to buy silver $45 (paper price) or later $18 (paper price) at your LCS, at which (paper) price point would you be able to buy more phyz at?
My head tells me I could buy more @18, but my heart tells me to believe everything I read on zh. What say you?
Think of how much silver you'll get @ $12. DO the math, if you have to.
sure...do the math when at "12" as you say, the premium is 50% or more. Don't think it hasn't happened because it has. And who the hell says any dealer is going to sell at 12 and just give it a away when they most like bought at a higher price. They would have to crank the premiums in order to make a profit.
If you can't do that math then you sure as hell won't be in business for very long, champ.
Nobody can tell you to buy or not that's your own gut feeling. Right now spot (paper price) is around $18...you can go to your LCS and exchange your fiat for probably $5 over the spot or $23. That's if they have your preference mint available. If you don't care about mint so buy whatever is available. BTW, spot price is always in troy ounce weight.
well..I say, when there is none available at ANY price, people will wish they could get it for 45, ..and those that DID buy at 45, will be glad that they did.
JMO tho.
it's called dollar cost averaging. Have I purchased silver for 35 per ounce in the past? You bet I have. At that time I didn't care what the dollar cost was. I started stacking phyzz kinda late to the game back in 2010 for just about what it's at today over 4 years later. I bought all the way up into the low 40's when it was going parabolic. I got what I could afford as a portion of my budget during those times while I was also stacking other essential supply items, food storage, water purification items, guns, ammo, etc.
Then paper price started coming down and I continued to buy on average when I could during the "dips", hence the popular initialism you see so much of: BTFD
Did anyone know price was going to come down or how far it was going to come down? No. But if you buy at regular times or during dips, etc. you dollar cost average as you go along.
Now I've been able to buy more and more on average during the dips over the last 2.5 years or so. My dollar cost average is somewhere around the 25 dollar range over all this time.
Have I "lost" anything? Not unless I sell it I guess, but that's not the stacker's plan...ever. Yes, the idea is to get as many ounces as cheaply as possible, of course. But nobody can time a bottom, middle or top...ever. You might get lucky here or there, but if you had 50,000 bucks today would you use it all at once to buy silver today? Or would you use just some of it so that you could wait and see what happens next week or next month? Then if it goes down again would you use all you had left to buy again or would you just use a portion of it and wait and see?
Same thing if it goes up to 20 next week...you wouldn't use all your fiat at once to buy thinking it might jump to 50 and you would miss out on as many ounces now as you could afford. You would just buy some and sit back and wait to see where it goes next.
This is all any of us can do. Especially if we're on small budgets like I am and I only buy in chunks of 10 or 20 at a time anyway and then wait and see what the criminal Cartel will do next.
But when it's all said and done, really the last damn thing I'm thinking about in hindsight is how much I spent on a certain day compared to another certain day whether it was less or more. I really don't care.
Just keep adding to your stack, put it away and forget about. But you can also have some fun with it and take it out once in a while on a Friday night and party with it, roll around in it...spread it all over the bed and bang a hot chick on it! They love that and your silver will love it too! hahaha
Then put it away again and get back to business of adding to your stack on a regular basis and take advantage whenever you can BTFD!
Have a good weekend.
it's called dollar cost averaging
That's just another way of saying you're losing money slower, because every time you buy you are increasing your losses, even if you are 'averaging down.'
People in silver don't tend to look as much at their losses as their potential gains because of the religiosity over the whole thing. i.e. you buy at 35+25, currently 40% out, but avg it's 30$ / ounce. Only gotta get back to 30!! (if we say premiums are a wash). Meanwhile, don't pay attention to your 24$ loss..money is no object!
There is a big difference between suggesting there is a bottom in the silver market, and throwing in the towel and saying the other side has won, Mr. Cole.
The Status Quo has made it clear. PMs are a threat and they are going down. As long as they are around, that's it. The Status Quo has also made it clear that they are willing to "go to the mats" to protect their thing. If the Status Quo disappears, it's Sampson Option time, and paper and PMs and your life are worth nothing.
You won't win with PMs.
"First off money talks and bullshit walks."
Dat's whut she said?
Actually it does make sense for them to short silver, because they can use the proceeds from the short sale to go long BABA.
Does it have anything to do with reality? No. But it does make sense if they are chasing the market bubble.
If this is the case then the opposite should happen when the stock market goes down, because the stock buyers will be forced to cover their silver shorts.
It will make sense until no silver is available. When PMs run out i'm not sure there is any stock i'd want to be holding.
Where's that TMosley guy?
-- Silver will be $60 by next Tuesday!
-- Industrial panic is imminent - silver to the moon!
-- The implosion of the COMEX is imminent!
-- I buy silver with every paycheck!
-- We (stackers) need to prepare to be the next oligarchs of society!
-- During the "Industrial Panic," silver will reach parity with gold!
-- Buy silver, crash JPMorgan!
-- The "paper" price is only important on the way up!
-- I haven't lost anything if I haven't sold! (Tell that to Lehman Brothers)
etc. etc. etc......
I have to poop.
Paper sucks, you Wall Street fucks!
I'll see you vampires in the sun,
With my loaded silver gun.
Yer paper's gonna go down in flames,
From Lower Manhattan to the Thames.
Your paper is I know not where,
I'd rather shit my underwear!
For, be there bull,
Or be there bear,
Silver is the suit I wear!
(With gratitude, and apologies to Dr. Seuss.)
The only paper I own is the stuff I wipe my ass with.
Market paper is worthless, because I cannot do a good job of wiping my ass with it.
Gold was worth $28.00 an ounce when I was a kid.
Silver was worth whatever was printed on the coin you spent.
Any one think those days are coming back?
All of the lying bum fucking aristocracy of the Age Of Paper Power can burn in their paper suits soonest.
I won't even bother pissing on them to put out the flames.
I collect gold, silver, lead, copper, real dry powder, food, tools, diesel fuel, and other useful commodities.
There is a community of folks all doing the same, so skill sets and extra eyes and hands can guard each others sixes, and "break on through to the other side, break on through to the other side, YEAH. "
Thanks to Jim Morrison for the tunes.
HFT ain't good for me.
Credit defaults far as the eye can see.
CDS's gonna make some messes.Boo hoo hoo as thieves confesses.
TBTF gonna fall off a cliff - REAL NEAT.
Wall Street is a bunch of fucking dead meat.
Banks used to be so overleveraged bold.Now, they're layin' bankrupt,dead and cold.
Gonna be nothing left but wide awake prepper people,
All the rest gonna be surprised fucked up Sheeple.
God bless this mess.
I must confess. I'm a fucking poet,
And, didn't even know it.
RISK ON, RISK OFF.DROP YOUR COCKS, AND GRAB YOUR SOCKS, BECAUSE THIS DISNEYLAND RIDE IS JUST BEGINNING !!!!!!!!!
only for a few minutes.
Now $18.04; and delays on the phone lines.
And what does "all in: mean ? hmm. let's think about this; what does it mean? It means THE BOTTOM. BUY !!
I´m buying. Take this bitch to $10. I´ll buy more. At $5 I sell the house and go ape shit.
The fockewulf 190; a dangerous bird of prey, deserving of respect; as is your plan.
WTF is this?? http://www.telegraph.co.uk/finance/commodities/11104055/Super-rich-rush-...
Who is bullshitting who?
Not me.
Their utility curve is way different than yours. After acquiring your 10th vacation home and 11th congresscritter, it makes sense to buy gold bars.
How many vacation homes and congrsscritters do you own?
At $5 I would too...that's because that is how much it takes to dig it out of the ground....
According to some 'sources'....
The premium for physical silver is like 25% on one ounce rounds and about 15% on 10oz bars. Gold is getting a 6.2% premium on 1 oz bars. This is off of the APMEX store on Ebay. Anyone got a better spot?
bought yesterday
20 per oz total cost deliverd
Where did you buy it from?
he bought it from sd bullion (silver doctors).
SDBullion...
used a no interset for a year credit card
would have been 3% cheaper
if using check or wire transfer
there are zero 1000 oz good delivery bars
for sale at APMex
waiting to drop the hammer on a 100 oz bar ..
17.80 or so will order..
mised 17.85
was out in the shop dorking around
gainsville coins has 1 ounce liberty for $18.72 a coin. Just got 30, which is a weeks paycheck, which for me is pretty good.
This is correct reaction. As the market makers in New York are also buying right now.
I can't believe you sheep think this is all fake.....CNBS says its the greatest opportunity of a lifetime in BABA!!!.......
baaabaaaa
Wow. Too perfect.
Gonna need a deeper lake.
As Jack MA's hero would say, "stupid is as stupid does"
Short miners, buy physical. The returns on shorting the miners are higher than even the high-beta, overvalued mainstream stocks, and you have the advantage of being onside with TPTB, who've marked the sector for death, either as collateral damage from PM supression, or intentionally for the short-side profits to be had. And if the indexes ever do collapse, you can be sure that the miners will follow reflexively, at least initially.
>> as collateral damage from PM supression,
I decided some time back that the ongoing, three year now, smash in gold, and silver, was long planned, hence the massive shorting of the miners. For years the bugs have been raving about the miners being such undervalued stocks. Turns out the joke was on them. Those in the know, in the club, knew long before it happened the metals would be taken down and held down. It's a shame, for me, I didn't act on my suspicions. I see no recovery in the metals, or the miners, for as long as The Fed has control, which will probably be longer than any suppose. I just have to face the music, I picked the right horse for the right reasons, at the right time, but against the wrong opponent. House wins.
House wins as long as the perception of solvency remains, and the illusion manipulated and kept alive. I agree about the miners. They are the enemy, which is why stacking physical at whatever price is going to be the only way out of this mess long term.
A mine is a corporation run by a capitalist; and it's stock is toxic waste. I'm sorry, but that's the way of it. Sell the stock and buy the metal; and confound your enemies.
This man is making a very good point of insolvency soon coming to reality based on production and consumption of silver and the availible stock piles of it. Its very good http://youtu.be/aZwSiHBxm0c
Harvey Organ at Harveyorgan.blogspot.com says the world is running out of physical gold and silver needed to suppress prices. Organ says when China and Russia disclose the true amount of gold they hold, there will be a price spike never before seen in the history of the world. Organ says, “You will see that you will go to sleep at night, and you will wake up the next morning and see gold bidding at $3,000 per ounce, and there will be no offer, and it will rise by $500 a day. It will come in 2014. They are running out, they don’t have it.”
The supplies for silver are even more strained and suppressed according to Organ. He says, “Silver is similar to what is going on in gold, but even better. In China, on September 22, they are going to have a futures market similar to Comex, but it will be in physical metal. You settle in physical metal. So, for the first time, you are going to see the pure price discovery mechanism work, and it’s going to be in total conflict to the crimes that are being committed on the Comex. Organ thinks silver will trade at “$200 per ounce” and says, “By December, this whole thing is going to collapse.”
Harvey Organ has nothing useful to add in the way of understanding the sector. He has not changed his message in at least 3 years, and it's always 'Comex is on the verge of delivery failure'. Worthless.
have not been able to find any
zero zip nada
good delivery 1000 oz silver bars this morning
bought 100 oz bar 17.85 spot
SDBullion
19.48 per oz deliverd
usually don't like 100 oz units
too bulky hard to sell
Russia and China will not disclose their true gold holdings till they've rid themselves of UST holding. Will be a while.
To play the devils advocate here, if and when the PM's do rise, it will be in %'s while the miners will be in multiples.
as the saying goes, a mine is a hole in the ground with a liar at the top.
why own a silver miner when you can buy the real thing already processed for less than the cost to extract?
The Fed is akin to putting Oprah Winfrey on the back of Secretariat at the Belmont.
good for you Ms. Tetons. Or as I used to say, when trying to get people to buy Silver Bullion at $4.35/oz.; "all the other horses in this race are cripples"; no, I didn't succeed; not once; not one adult American Male with money to invest ever bought one oz. they told me to go away and not bother them, that I was crazy. We are interested in the future, not the present. The future will have a different evaluation than the present.
I never advised anyone to own or buy any mining stock; because it's a STOCK !! With regards, the actual metals, be of good cheer, and brave heart; reality is on your side; you will succeed sooner than you imagine. Within 36 months; certainly; and that's not a long time, is it. I've been doing this ever since they had a New York Silver Market, and thus I say unto to you; hang in there. You can't win if you don't play.
greatbeard; the house will not win. do not surrender. All the other horses in this race are crippled and have big bandages on their fetlocks, and the gates are about to open. YOU WILL WIN.
>> do not surrender.
I might bitch and complain, and rightfully so, but I'm not surrendering. I've got a beautiful little hobby farm thing going on. Early retire, quiet country life, gardening, cooking, canning, hiking, hanging with my dogs. Getting ready to add a couple of cows and a horse to my collection. I've got it real good, all things considered. I bet big on the metals a long time ago. Silver has spanked me pretty good. Gold is now down to my last buy price years ago. All in all, I can't complain. I live cheap, very, very cheap, but it's all good. I'll never, ever, give in to the shit bags. I'll take it with me if I have to.
Your honesty and humilty are refreshing.
good on yer, Mate. I live in the deep rural setting also; I cannot live in the "modern city"; I can't do it. it isn't life at all; it's a dreadful perversion.
>> I live in the deep rural setting also;
Are you based in Hawaii?
Yes, I have a property on the Southern Point of the Big Island; a former cattle ranch that was split up. once in a while a truck goes by on the highway. Otherwise it's not too exciting.
Lot of wild pigs, and turkeys, and parakeets, and ring neck doves. If I want to see what people look like I go to the "town center"; pretty exciting. A post office and a gas station and a grocery store. And of course, there's the ocean; which doesn't seem to be overpopulated with people.
Yeah, being rational about things like value and fundamentals has really sucked since 2011.
That's pretty funny, you actually said in your reverse phychological approval of the current system what the actual "rational thing to do" was!!!
Start "prepping and drop off the grid"! But you would rather "join them" in a self defeating spiral into helpless destruction, with a smirky "why not, we all die someday" line!!
Let me tell you friend, yes lots of people will die, when this shitshow unravels, but most won't die, they'll have to live in it for a multitude of reasons, mostly because human nature hard wires most of us to want to survive, regardless of how horrendous the conditions of that survival are!
So be careful with your whimsical approval of madness while the sun is shining, you may be wishing one day soon, you had "started prepping" and NOT joined them after all!
But I know, the Alibaba IPO is guaranteed money, enjoy the weather!
Well said, RL, I know it and I'm not playing along, I own gold and will not touch BABA or any of the bullshit narcisstic social networking bubble, I am just lamenting that TPTB are winning and when they finally lose we all lose, really. True prepping (secure compound, weapons, large food production) is sadly beyond me and far too radical for my family. So I sit stuck in purgatory waiting for my demise ...
Brother, unfortunately you sit where millions sit, many in my family included!!
They know it's going to be bad, know they should do something, but the reality of WHAT that is, is too terrifying or "radical" for most in there lives!!
I wish you luck, and a small piece of advice, regardless of what your family says, start making small purchases, prepping a small amount every week or month, and the longer this shitshow goes on, the better you may be, without freaking everyone out around you!
Good luck
"...but most won't die, they'll have to live in it for a multitude of reasons..."
The furture world is gonna need slaves, dude. Virtually unlimited opportunities.
Ah! The question that has occupied the religious teachings of nearly all faiths. Is there a consequence (good or not) for knowingly participating in a 'system' (where system refers to a behaviour system in relationship to everything else---esp. other humans) that could be perceived as 'Evil' or hurtful to others? Without resorting to dogma, what say you?
Selling silver to raise capital to buy AliBooBoo stock
There are some SERIOUSLY stupid motherfuckers in the investment world.
Its all about making money for the fuckin banks...if they can make 10% on BABA in one day and buy back silver even after it runs up 5% from where they sold it, they are up net 5%. However, these so called pros or institutions have the infrastructure to trade real fast and efficient so they can front run all the retail morons entering the markets.
Fuck BABA indications is even higher now...88-90...which means need to dump even MORE silver to raise MORE CAPITAL.
Dumping NFLX, AMZN, LNKD, TSLA or GPRO never came to mind.
Yeah because the silver and gold markets are so large that when you need serious capital you liquidate your PM holdings to raise it. Also when you want to buy equities you don't liquidate other equity positions, but instead you get your PM traders to liquidate theirs in bulk, so that you can shift the capital to your equity traders and screw up your diversification while you are at it.
Looks like things are going really bad for the system and need to hammer the metals down. Alibaba is probably unrelated or just an excuse.
You can liquidate your LEVERAGE. The actual "position" remains a secret of course.
Silver is a steal here and I look forward to seeing the "silver/Ali baba ratio" going forward.
It's not like the dollar doesn't have your back. It's only a matter of time before Chuck Schumer demands the dollar be annihilated "to make way for a new transatlantic thingermajigger."
You either serve or you don't folks. My unit was deployed all the time "because we were affordable"...not just expendable. That's the only thing these clowns dream of..."make way for the next bubble!" They're all a bunch of drug addled wacko's.
Your levered silver position is still with YOUR PM TRADER. Especially for the levered PM positions, there are specialized traders for that.
You just insulted drug addled wackos everywhere.
Exactly. The PM market is so small compared to other asset classes. This has nothing to do with BABA, but the timing is the excuse. Just like when they "found" Bin Laden on that Sunday May 1st.... silver was smashed under that cover story.
THIS IS ABOUT THE US DOLLAR AND HOW IT IS SERIOUSLY UNDER THREAT. Reserve status is at stake, as .gov tried to start a war in Ukraine to goat Russia into conflict to control the petrodollar. China and Russia will just wait it out until .gov implodes.
Agreed totally.
Today was just the music playing on the deck of the titanic.
You're stupid if you actually believe that. It's a joke : "What makes us think this is BABA liquidation (obviously tongue-in-cheek but the timing is odd...)"
Correlation not causation.
The USD has been strengthening for weeks now and silver was about to crack the lows anyway. Just happened to coincide with the Alibaba IPO.
AND coincide with options expiry today.
Tell me there is no correlation there.
Actually, there is a correlation there; a very strong one.
dont worry, theyre only selling silver they dont have ;)
T his never took place; it's journalistic nonsense; pay no attention to it.
Great article over at silverdoctors about how PM manipulation went into hyper-drive immediately after the US credit rating was whacked three years ago.
Holy crap, silver eagles are .50 cheaper today than they were yesterday when I bought a few for my mom in law.
Tell her there was a boating accident....
In the immortal words of scott the engineer from the howard stern show fuck everyone..
http://www.youtube.com/watch?v=UC324GCYZvw
Fuck them fuck this and fuck it we'll do it live. BRing on the ashcray.
Look at the daily chart for Silver at Kitco.com; it's just the New York Whores playing "waterfall" after the grownups have left them alone; ie. London has closed for the day, and the weekend. It's usually a buying signal, as the locals run the stops like this so they can buy at $18; because they already know the price will be significantly higher in the next two weeks. I've made a huge amount of money off of these exact head fakes over the last twenty years.
Probably but on a bigger level, a significant low is remarkable. YEah it's bullshit, but they are in charge unti lthey aren't and a new low is one major kick in the pants for stackers, and admittedly an opportunity.
Just shows what a joke this world is.
A Silver quarter still buys a gallon of gas here in Texas....that is how I measure the price...
Exactly; exactly. that is exactly correct. We have a winner ladies and gentlemen. So, did those bad old Arabs push up the price of oil since 1965, when your silver quarter was made? NO. THE US GOVERNMENT STOLE YOUR MONEY. "If the whole country was Texas, we wouldn't have this problem". You go, dude.
Everyone should read your post, carefully, and then think about it. (I'm a little predjudiced, it's also the way I measure the price).
They are amazingly bold, you have to give them that.
I just wonder, at what point does this insanity and hatred toward PM's spook any so called "gold Bug" into selling the house and everything and buying allocated bars off shore and getting out of Dodge.
I call them the anti gold Keynesian Taliban. Its far more fitting than gold bug.
My metal dealer index's off the market so I'm try to figure out how much silver I can afford to order right now.
https://www.youtube.com/watch?v=fi5cuxo8dDQ
But what about inflation???
what inflation? Strong dollar bitches...
here take some of mine and deliver that physical asset to the following address...
No, no strong dollar. EU crumbling, run to false safety while the rest of the world is dedollarizing fast. Inflation will hit when the dollar is sufficiently displaced from global trade (don't know the threshold).
I am being optimistic...
The other guy is openly threatening to steam roll Eastern Europe within 15 days and everyone knows that it is well within their capability. Meanwhile the EU is poking him with a stick, enforcing meaningless sanctions that will backfire spectacularly, there are separatist movements in every other member state, people are getting more and more disappointed with their governments and EU overcentralization and more and so much moar.
Well apart from that the EU is in great shape and has a bright future. Like a supernova.
Fucking awsome!!! Many around here should appreciate this sale.
u kidding me...
what a fucking blessing...
thank u you mother fucking sociopathic banker pieces of shit...
Love your posts, Kaiser. Please avoid the temptation to back up the truck. I gave my wife the keys. I am getting smarter.
just hit up Apmex for another 100oz's...
nibbling all the way to the 5 digit mark..
my lady gave up on me a long time ago...
i beat here down (figuratively speaking of course)with the history of money, fractional reserve banking and the master plans of the MoneyChangers...
now she just shakes her head and hands me the debt coupon dollars...gotta be doing something right i guess...
My wife is pretty good about understanding the whole scam. She gets that our stack is for her and our kid...Little Tetons. However, I am grateful that she has been the voice of restraint at times. Something about the market being irrational.....
I made a Bullet proof vest out of 100 oz Englehards. Its heavy as hell, and not really bullet proof, but at least I don't have to worry about the bullet wound getting infected !!!!
LOL. very good. I'm sure it will protect you against certain types of vampires, also, shall we say ?
Wait for $10/oz then you can get a real bargain!
I'm waitin for like buck fitty silver to load up.
was thinking $12. The MIC needs to buy here too, they need more silver for missle production.
You don't understand; this is impossible.
A little at a time, 19, 18, 17, 16, etc...
It seems that way; but it's really not possible. there is a value to things and too many people have some idea what it is. A dollar at 12 to the oz. is out of the question.
I meant buy a little at a time, at 19, 18.50, 18, etc... That way I don't have to catch the bottom or try to guess it.
Oh, sorry; I didn't understand. I thought you were saying how it would get to $12. My bad.
It's just a head fake on the part of the NYMEX; now that London has closed. A strong buy signal, as they are the ones buying up the stops.
I wish I was sitting on a pile of cash right now, what a deal for silver!
What, you don't have "money on the sidelines"? Last year, money on the sidelines was all the rage. EVERYONE had it, in large amounts. Nobody was putting it to work. Where'd that narrative go?
It shifted from one sideline to the other sideline and the folks on the other sideline don't want that talked about.
They spent it all on the twitter IPO....
LOL. "all the rage"; too funny. maybe it all went to Gucci ?
and still not one single person has sold a single ounce of real metal... just saying.
I am starting feel like I have been Betamaxed.
It'll all come out alright in the end, Ms. Grande Tetons. it's just a wee bit of fun the folks in New York are having with ye.
I feel used. Pass me a tissue.
You have a point there. If somebody opened a physical only PM exchange that was large enough to generate sufficient and meaningful daily volume, what do you think would happen?
if you go to bullionvault.com you can find out what would happen as it has already been done. it was an enormous success story; many Americans have milliions of dollars of 100% real, allocated, vaulted, Silver Bullion on deposit there; and they are the market makers; you can arrange your own buying and selling on your own terms; 24/7. Read the website carefully. I know the owner and have friends with money there; for what that's worth; not much, I supoose. but it's 100% real. I only mention this as a public service; I have no financial interest in the business. Except for some big metal blocks that are kind of dusty and have serial numbers on them, of course.
You would get offed. Taken out. silenced. In a bag of rocks under water. etc...
Correct. it's not about metal; it's a game played in New York.
Praise the God that Metal brings.
METAL!!!!!!!!!!!!!!!!!!!!!
Manilla Road ~ Metal https://www.youtube.com/watch?v=WwnAw01FSwE
Keep stackin' ZHers! If it was a buy at $1750, $1650, $1525, $1440 and $1350, you've got to LOVE it at $1215!
As long as the Fed, BIS and ECB are in charge, you can expect PMs to actually drop the worse things become for them. It is when the central banks lose control and lose the ability to manipulate with fictional metals at fictional markets that things will get interesting.
Any moment now silver is going to take off. I can feel it in my bones..... any minute now........ still waiting. LOL. Seriously though, I feel bad for the people who buy silver as an investment instead of as an insurance policy. They are in a world of hurts.
Silver is the ultimate buy and hold investment. Buy it, hold it for 20 years just in case.
seems hard to believe silver was $40 an ounce not that long ago...
Not hard to believe at all. I bought it $37. Does not affect me in the Slightest. This Ponzi house of cards is going to Collapse eventually.
Been buying down the slide myself.
Hard to believe gold was $1900/oz not that long ago. But there it is.
Or 4.35$' which it was for the best part of two years, 2000, and 2001; because people were distracted with the wunderful stawk market ? eh? Sound familiar? And what happened then, eh?
"Hard to believe the FEDs balance sheet is $4.5T... but there it is"
You have to face facts here, price discovery is broken across the board. The fact is that you can mock PM prices about as much as you can mock the S&P valuations.
Buy some each month with TLT dividends.