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Gold Monkey-Hammered, Crude Clubbed As Nasdaq Surges
Amid the 'glorious' earnings last night, Nasdaq is on its own today, surging to higher highs as The Dow and S&P are unch to down. As this exuberance exudes, gold and silver are being smashed lower... which is odd given The ECB's threat to pull Greek financing. Crude prices are also tumbling post-Durable Goods.
Stocks are mixed...
Crude crushed after Durable Goods...
Gold is getting clubbed... on major volume...
And silver...
Which is odd given hardly any move in The Dollar Index (though note the craziness at 830ET when durable goods hit)..
Charts: Bloomberg
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Had enough of this group on Wall Street and DC. Daily manipulation by the banks and the Federal Reserve is becoming a dangerous way to live.
Early rate increase was leaked??
Options expiry on Monday - same as it ever was.
Every other month, settle with a gut punch!
Good, more for me.
It's like EBTs for people that want real money.
$1620 for 100 oz Sunshine bars delivered free?
That's what I am waiting for again.
Anti-Speculation measures are in place, take that for what you will... (That's not for you Vince, but for everyone)
Everything is AWESOME !
https://www.youtube.com/watch?v=w5Fgp-KihIA
this is looking real good for phyzz stackers. I've been waiting for these levels for quite a while now hoping the Cartel would eventually push price levels down to this area.
If they will push it lower...1100 gld and 15 slv then there really is no theoretical resistance levels to fall back to for a very long time.
I'll still stack small amounts right now in hopes they hammer the price down further in the coming days or weeks. But on the flip side of this at some point they're going to cause another panic which will dry up the supply and cause premiums to jump substantially, especially if they keep the prices pushed down for an extended amount of time.
We may see 10 buck silver again like in '09, but remember back then premiums jumped nearly 100% IF you could find anyone selling anything in large quantities, which was a very big IF.
So stacking now at 15-16 while premiums are still low and supply is available would still be cheaper than if silver goes a lot lower and premiums take off. In Summer 2013 there were up to 8 weeks or longer back orders and premiums doubled. That could easily happen again as soon as next week if they crush the PM's Sunday night into Monday morning.
I like what I see though so far. Just keep stackin' on these dips, folks! Take advantage to lower your average cost per ounce while adding significant phyzz to your stack.
And for those who are worrying about the price because of the phyzz they already stacked at higher prices before??? Let it go. Quit worrying over how much fiat you gave before...fiat "value" of your phyzz is not the point here. It's about how many ounces total you have accumulated BEFORE the SHTF, plain and simple. It's insurance for when the fiat monetary system finally collapses.
Just use the supressed fiat prices now and on all dips to add more phyzz to your stack and forget about it.
People who think they've "lost" money as phyzz prices drop either aren't understanding the dynamics or were buying phyzz short-term as an "investment" to flip at some time in the near future so that they could get more fiat by selling their phyzz.
That's just wrong-headed all the way around. We're stacking for wealth protection not wealth creation in terms of fiat values. I'm more interested in how many acres my stack will get me one day then how many worthless, useles pieces of fiat paper I can get for it. Ya know what I mean?
Fact is, we won't really know what we've got until this all ends and the scumbag powers that be come up with whatever the next monetary system might be. Who knows what insane rules, taxes, regulations, and other laws will be enacted after the reset.
While having some cash on hand outside the bankster system is definitely recommended, you will not want to leave large amounts in the bankster system and you also don't want to be all cash with no phyzz stacked away or you will be majorly screwed.
And don't forget to stack all the other essentials now while you can: food, water, ammo, guns, medicines, nutritional supplies, hunting/fishing/camping gear, etc.
And good luck out there...
EXACTLY!
Thanks Kaiser, much appreciated.
And also, SDBullion.com is still having their sale on silver Buffalos. Any quantity at just .75 cents over spot. Can't beat that as far as I know. Shipping is flat rate $7.77 too.
https://sdbullion.com/silver/generic-rounds/1-oz-silver-ntr-buffalo-round
I just picked up 20 more ;-)
Monarch has some really nice Morgan replica's at 69 cent over spot...
gonna hit them up over the weekend if they dont sell out...
check them out...
http://www.monarchpreciousmetals.com/index.php?option=com_virtuemart&pag...
cheers...
not bad. but keep in mind that .69 is for orders in quantity of 500 ounces or more. But Monarch is still selling for .79 over spot for orders between 1 and 19 ounces. For 20 ounces it drops to .75 over spot which is the same as SDBullion.
So compared to SDBullion and the order of 20 I just placed I saved about 8 bucks. Monarch says they charge 10.95 shipping on orders between $200 and $399, which would be the range for 20 ounces. SDBullion is charging $7.77 flat rate.
And Monarch shows that they charge a 4% card fee. SDBullion charges 3%.
So 20 Buffs or Morgan replicas from Monarch would come to 355.30 right now with shipping and the 4% fee added on. The same order from SDBullion for me earlier came to 347.47 which is cheaper by 7.83.
Not bad either way really...just doing a little quick cost comparison.
got cha...
how was your experince with Silver Doctors?
if good maybe i'll give them a try...
SDB has always been great. They ship immediately outta Michigan and i frequently get my gear within 5 days. One time I oredered on a Friday and my gear showed up on the next Monday. Im in Florida.
Shipping is always 7.77 but after 5 orders they give you a Platinum member shipping rate of 6.95 for all new orders no matter price or weight. Not bad.
Would LOVE $10 silver... :)
Stack stack stack.
Tech Bubble 2.0!
Just stack.
Keep on stackin while it's still available...
Perfect time to try my program:
http://debtcrash.report/entry/debtcrash-metal-purchase-program
It'll help buy these dips.
that site gave me a virus
It's unfortunate that you still buy the Gold/Silver fairytale that the piped pipers of Bullion have been preaching for years. You will be dead before their BS comes true. So, keep on stackin you idiot.
So all of the silver I bought at $11 an ounce was a waste of money. I guess the bars I just got for$16 an ounce were a bad move too.
Thanks for you "insight"
Fiat Cash will soon become trash (There is ZERO Doubt about that), what will you sell your gold for then? (Just asking...)
He said it in the post: He will buy acres with it. In the German hyperinflation a bellboy actually bought the hotel he worked at for one ounce of gold.
"Just stack", and pay the ever-increasing Spread to the PM Traders.
today in DC is meeting for vip
topic gold yuan and multicurrency reserve sistem
What makes a price?
Once upon a time it was buyers and seller. Now it's just the FED.
Bingo. We have a winner!...
A little QE money over here. A little QE money over there...
Don't worry folks, it's only papergold. #Ounces-will-be-ounces.
It's digi-gold actually.....paper is in the process of being banned apparently.
They are desperate now. JPM buying silver hand over fist. Derivatives meltdown has begun.
Is that you Harvey?
In other news today, JPM announced it's almost finished casting a one billion ounce, solid silver statue of Jamie Dimon...
Wonderful news he is such an honest banker!
Are they paying cash for that?
http://www.bizjournals.com/houston/morning_call/2015/04/weatherford-incr...
Hi I am Eric King and welcome to King World News..... Joiniinng us nowww is Team Depends, and what a tremendous interview he gave
Thanks, Eric. We'd now like to draw your attention to these tremendous charts....
This is the MOST IMPORTANT INTERVIEW I'VE EVER READ IN 15,000 YEARS OF HUMAN CIVILIZATION
No worries. Sarao is trying to buy gold and silver.
Who the fuck cares anymore, if you are still looking at the paper price and ignoring that this price is below the cost of production you really are a lemming
Interesting. Many houses are selling for less than the cost of production as well but prices are falling again. I'm not sure that production costs regulate the price of existing supply when demand isn't outpacing supply. Or is supply not keeping up with demand?
Don't get me wrong. I'd like gold/silver to skyrocket. I simply haven't figured out how the price is set with incredible swings like this.
Simple,The price is fixed to paper contracts not physical sales. All markets are manipulated are rigged including housing so there is no real price discovery until the whole thing collapses. Have you seen any mining companies posting profit these days?
Miners supply only 2% of the world's current stock of gold. If every miner stopped today it wouldn't make a difference.
Big difference between available supply and stock. Most of the 98% you refer to as stock, is NOT supply. If all the majors stopped today, no one would sell their PM's - at least not at current prices.
As long as those accumulating gold can get their physical orders filled at the current price this sort of thing will continue. Fortunately for those manipulating the price, most gold bought and sold in the West is in the form of proxies rather than specie.
The paper is fake...
The digital can be hacked...
The physical you have to come and take it from me...
New normal. Everything goes up except gold.
The CB's are breaking the spedometer with the intention to slow down
5 years from now, a single out-of-work trader using a cell phone trading algorithm in Bacolod will be extradited to the u.s. for single-handedly manipulating DOWN the futures prices of Gold on April 24, 2015.
You heard it here first...
Conspiracy theorists? Call of Duty previews Black Ops 3 featuring bionic humans, robot warfare
On to the new lows. Three digits beckons this summer.
Aside from "gold has definitely bottomed", "three-digits" is the other BS I've been hearing for the last 3 years.
D-B
You don't want to see my ultimate target then. It has one less digit. BTW, we are only about 15% from 3 digits.
cpn, this guy has been blathering this crap for as long as I can remember.
He is probably a COMEX paper humper.
The Animal Farm mobsters' hatred for gold and silver is obvious. That's exactly why their prices will fly after some time.
Count it, feel it, lick it, stack it.
Do your best to ignore this day-to-day noise.
And once more for the cheap seats: if you bought it to make dollar returns, YOU'RE DOING IT WRONG!
History of Banking and Money
Key Excerpts From Carroll Quigley's Tragedy and Hope
http://www.wanttoknow.info/articles/quigley_carroll.tragedy_hope_banking...
Happy Aloha Friday...
Live well ZHers, don't let anything get you down. We are on the right side of this thing. Fuck those assholes.
Figuratively...
I guess literally for some.
ALOHA! Bay is right. Be prepped sure, mentally and physically, but after that have no worries.
As my old man always said, "Don't try to lead horses to water, they will just piss in your drinking hole."
+ 1000
Just bought some silver. Thanks for the subsidy Janet.
ya - tooob ase shipped @ 368, mmm
I want to see it go to ZERO.
Can I borrow that lady's rant and send it to Jamie and Lloyd ??? I hate these fuckers for what they have don't to Gold and Silver.
Wow, what a surprise! You'd think that with the commercials being on the hook for tons of gold they can't deliver, that the market they own, control and fix on a daily basis would finally get out of control on them, but no, somehow they manage, via their infinitely deep pockets and inside view of the market, to force the price their way yet again!
I just can't believe it, I REAALLLY thought this was going to be the big breakout, and that they wouldn't get the chance to clear out the last 735 tons from GLD!
Yes, I was wondering much the same thing. Is there a limit to how low the manipulation can go, or can the crooks keep this show on the road indefitnitely?
Could they take gold down to $500 or $100? Could they play this charade of taking PM's up a little and down a lot for years to come?
Absolutely. People diss me when I say gold can go to double digits but there is no end of the game in sight. All this doom porn distracts from the reality of falling gold and rising stock markets. Can it end? Of course. Can it continue? Indefinitely.
Apparently you weren't around when gold was $252 and silver was $4. That was dot.com bubble days.
Seriously, you're about as dumb on PM's as anyone who has ever graced the threads of ZH.
I was in the thick of it at that time. Selling equities and buying bonds. If you want to see dumb people, dig up some ZH articles from 2011 and laugh at all the idiots saying $5000 gold and $100 silver. Of course, people who cling on to the likes of Jim Sinclair and his calls for $50,000 gold are very clever.... right? TRX $0.41.... 'nuff said.
We all know about those failed predictions. What about yours? For three or four years now you've been pumping the "new lows into three digits" mantra.
Get the fuck out you hypocrite.
F*ck this market, it is a f*cking joke!
Don't get mad, get even. BTFD
Buy physical like it's water.
Where are some good places to go to buy physical gold and silver? I haven't been doing so as of yet, because I don't believe the banksters are done playing their games. Frankly, I've been expecting the smash lower, and the folks here on ZH who say this is paper manipulation by banksters accumulating physical are, I believe, right on target.
I'm looking for the sort of thing that could be used as money itself in a true SHTF scenario (full-on Thunderdome), as well as provide a store of value in a non-total financial fuckup, which I think can't be discounted. So, smaller gold coins? 1/4, 1/8 oz, maybe? 1 oz and 1/2 oz silver? Any good recommendations for honest brokers would be appreciated. TIA.
APMEX.com
I've used APMEX, BGASC, SDBullion, local pawn shops and bullion dealers (and man are those dealers fun to shoot the shit with).
Frankly, I like APMEX's "Current Holdings" account feature to see what my current lot is worth.
I used to buy from a Chinese shop on Wall Street but they closed up shop and started buying USSA real estate LOL.
For online I like TMG http://www.silver50.com/ which is a small dealer out of FL that has 99 cent premiums for Buffalos.
Kitco is #1
(I'm sorry - I couldn't resist)
How are they still in business?
I called them once and I swear I talked to the dumbest person alive. I just laughed when he said it would take hundreds and hundreds of dollars for them to insure and deliver the silver. It was comical.
Yea,,, another asshole bunch that think customers need them vice the other way. All corporations/businesses are edging that way. They'll end up like Sears,Monkey Wards and the rest.
Gainsville coins. Price service selection, Hands down
Gainesville coins suck. Colorado gold is the best in the business.
Gainsville coin right now 1274
Colorado gold right now 1237
I just checked that and You must work for them because that is a bold lie. I have no skin in that game , you must.
Ebay is good, look for sales you can get stuff for basically spot prices. Although I buy from apmex, never had a problem with them and I also like the ability to tell how much less my PMs are worth than they were when I bought them right on their site.
Okay an honest answer this time.
If you happen to reside in canada, silvergoldbull.com is a very good dealer. Fantastic selection (best in canada as far as I know), premiums are modest, shipping is fairly quick and packaging is very secure and discreet. They offer a wide variety of payment methods as well.
I am not affiliated with them, I simply have tried a few dealers, as well as eBay many moons ago, and have found them to be my "go-to" source for PM's.
As a side note, 15 years ago you could purchase bullion from eBay sellers - both gold and silver - at BELOW spot prices including shipping! Boy... those were the days!
Whatever! I'm converting Federal Reserve Notes into gold every single month. Non-compliance. Its how we end the Fed. http://endthefed.org/
I took out a 0% for 16months credit card and loaded it up with gold and silver. I put in enough every month to have it paid off before the interest hits.
It's a great way to get a lot of PMs right now on a payment plan that doesn't cost you anything. Basically every month i'm buying gold and silver by paying off this card.
Only problem is if you're scared about the price of your PMs going down you probably should buy less. My holdings sucks right now but I don't care because these stacks ain't going anywhere for a long time.
Those plucky miners are really holding up well today though - that MUST be a good sign, if the mining share 'investors' won't let go of their shares, they must know something the rest of us don't, right? LOL..........
NEM solid beat exposes the b.s.
Al,
any miners you particularly like? thanks in advance.
Head & shoulders on /GC futures, neckline just below $1150.
A break through the neckline sends gold down to test $1000.
Technicals, like fundamentals, matter not in this market.
I go full retard @ $1,000 benny bux
I'll wait until it's closer to the $700 level.
Yes, Virginia, gold is pumped up like everything else.
$450 (but it could go A LOT lower than that). Won't see 4 digits for another 10 years after that, at least.
I love you.
Also, I love you.
You're high. Remove the 24 hour propaganda drip and the 23 hour price suppression and boom, boom, boom, out go the lights on this farce of a global financial system.
Put a $20 bill in your left hand and a shiny Austrian Philharmonic in the other and tell me which one feels like money. Now switch the $20 with the $500 note from your monopoly set. See the difference? Naw, I didn't think so.
Someday soon, it will all become very clear to you what has been pumped up and what hasn't.
I've got Rothbard's "The Case for a 100% Gold Dollar" on my shelf, and he's right. Of course he's right.
But let's get some deflation going here and a serious breakdown in equities, and the hedgies will be throwing gold over the railing left and right to meet their margin calls.
You goldbugs still think we're facing some hyperinflationary spiral today.
No. Not just yet.
What do you call the move from $1900 to $1150 and silver from $49 to $15?
Many commodities and the PM's have already been smashed. I think you're wrong. Once gold and silver start to rise then comes the equity collapse.
Only the clods from Sprott were buying gold up at $1900.
It was way overpriced then and still is today.
Gold isn't getting monkey hammered, gold derivitaves are getting monkey hammered. Dollar up, gold down. Dollar down gold up. Profit taking on gold derivative trades supports tomorrow's stock market manipulation. Profits on stock market trades supports tomorrow's gold manipulation. It's a pump, goes round and round.
Buy physical gold and fiddle while the world burns.
And some storable food to, Alfred - but you already knew that. Watch what happens what one ~little~ break in the distribution chain for food does here. And make no mistake - it's coming.
Yep, when those trucks stop rolling the blood starts flowing... I'm too old to give a fuck.
it is clear....Gold is getting crushed as we are going into depression....all the money in the world can't hide that the purchased governments have allowed the mega banks to peverted capitalism into Cronyism. We have Central Banks and Cronyism and the only way Economic Law can reset it, is a good old fashion Depression! Think Tulip mania, South Sea Fraud....roaring 20's.
-----------> $COMPQ 10,000
-----------> $COMPQ 4,000
Look back at the last week of silver charts and you'll see a pretty easy daytradeable pattern. Slammed down every other morning 8am-9am. Buy the ZSL every other afternoon and sell in the AM. easy money.... until the pattern changes.
Could care less really what happens within the confines of U.S. markets from here out. If I'm concerned at all about anything related to gold or silver, I simply pay attention to what the Chinese are doing and what insane U.S. foreign policy portends for the future. And what do you think the track record and outcome is (and will be) for both of those...?
Oh awesome, I am going into town in a few hours and am going to pick up some silver bullion coins for the first time in a couple months! There is nothing like trading in my worthless fiat paper for some real monie!
Strawberry fields, forever...
Not buying this yet. Looking for a a new low for the 2011-2015 move. Have to clear the stops.
Absolutely. Triple digits by July. Then we get a relief rally to $1130 in the fall, then back down.
What the gold people don't understand: YES - any fiat system ends in Hyperinflation, and then Deflation. But what they're missing is that we've ALREADY HAD THE HYPERINFLATION - it happened from 1975-2008. 40+ years of rising prices. Homes that were 40K now 4MM.
So now, we're going to have 40+years of declining prices - until we get back to 1975 price levels.
Prepare for 40 years of deflation, default, contract abrogation, debt repudiation, etc. etc etc. Precious metals won't save you.
They won't save me per se, but they'll save the profits of my labor from being diminished by inflation. Name a time in history where gold and silver haven't kept their value. If you're buying gold because you think you will be able to sell it and be a millionaire one day you're just dumb. In 40 years i expect one of my ounces of gold to be worth one ounce of gold...that I can guarantee you it will.
Madcow seriously? Do your homework you aren't even in the ballpark for the definition of HyperInflation.....its not a 45 year event its usually less than 3 years and is multiples higher than what we have seen over the last 45 years.....
This is GREAT!!!