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After a quiet sideways session, just as European markets closed, gold and silver prices have surged on heavy volume...
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Must be some mistake. Sell the spike! Buy stocks!
It's...it's...it's HAMMER TIME!!
Holy uptik on a PM related buy late this a.m. Usually I get slammed on my personal account.
There must be a paper shortage developing for gold and silver to rise.
Paper shuffle: Buy on Friday sell on Monday...rinse and repeat.
Funy, gold price just spikes lower and lower.
Wake me when paper gold hits 1238.
Jesus Tyler, that's nothing.
Will you do ANYTHING for clicks these days?
The PPT for stocks, the PAT for PMs.
A = 'Assurance" I assume...
Spike? Where? Gold is up a few Bucks, and silver roughly 10 cents.
Call me when it really spikes, a jump of $40-50 or so.
p.s. my amateur prediction: Gold and Silver will be smashed down once a Greek 'deal' has been agreed upon, and the can kicked a few more meters down the potholed road.
yes, like oil, who the fuck knows what the real price is anymore. moving forward the issue will increasingly become one of availability.
look at delivery times for physical PMs already...
It is whatever they say it is, value is merely an outdated concept.....
.10 - .15 fiat dollar rise is not worth the electrons destroyed to print this article. Call me when it dumps a dollar or rises a LOT! I'll buy low and sit on it high. How high is a sell? When I have to use it to buy food probably. No one really knows where the crash will take us. It will not be much fun is all I can foretell based on other 3rd World countries adventures.
Irrelevant, as there is no real price discovery anymore.
Only one rule applies to real assets now;
"when fraud is the status quo, possession is the law, period.
exactly....and this is why i dump debt coupon dollars for physical Silver religiously...the dollar is a dead man walking...
until Silver is even close to being appropiatley valued (triple digits ya'll) it will be bought....
death to the MoneyChangers.
"Happy is the man who finds wisdom, And the man understanding; For her proceeds are better than the profits of Silver, And her gain than fine Gold.”
Proverbs 3:13-17
There is a price discovery, no doubt. The big manipulator-banks discover it every now and then as it seems fit. This morning the price was discovered to be a rising one, so as to lead some small fry idiots (who thought it was a smart idea to play in the casino alongside the big manipulators) to the woodshed. Soon it will be time to discover the price to the downside.
There are still enough suckers to leave their money at the comex bucket shop.
nice quote, gonna spread that one like warm butter on a melting delusion
Yellen will be so displeased.
Perhaps, some of the Chinese are buying gold with the $6.5 trillion that the Chinese stock market has added to its value in the last 12 months.
The Indians keep buying record amounts of silver. Perhaps, they know that silver mining requires lots of water and water is getting expensive.
Pleae note that all the silver mined this year is worth only $13.8 billion. Chinese investors can buy that easily with a few minutes gain in Chinese stock markets (about 20 minutes worth of gains).
Indian Silver Demand Explodes to US Silver Owners’ Delight
http://news.goldseek.com/GoldSeek/1434028008.php
That's Comex "pricing", correct?
been waiting for the comex to blow up since it's inception...
Pumped then dumped is next headline I am sure.
how can every fucking stawk on the Dow be in the red but it reverses a 200 point opening loss????
http://www.marketwatch.com/investing/index/DJIA
simple, no true price discovery, period.
expect those who are desparate for real assets (especially real assets necessary for maintaining a decent standard of living) to try an use force to acquire such things...
same as it ever was...
no doublt LOP...
the bad days r already upon us...one need only to look around...
Fomc will take care of any rally.
Someone has been making a killing on this Greek drama that has lasted nearly a half decade now. "Someone", with inside information.
All you need to know is this - there is no escape from the European Union, ever. Nobody will ever be allowed to leave without nuclear war.
Greece cannot leave the Eurozone because it will set a precedent that "weaker" countries have to use their own currency, and there go huge economies like Italy and Spain out the back door.
Greece is just a show, a very profitable bit of theater.
Yep, Greece has about as much chance of leaving the EU as Texas does the U.S.
Don't despair, the monky has his hammer in the shop, it'll be fixed soon y'all and then back to pounding the price and flinging poo.
Wash, rinse, repeat - this is just the beginning of the next mini leg up, before we go down again. When they are ready for prices to rise with conviction they will almost certainly precede the move with an epic move down. Until then, it's the usual yawn inducing pattern.
Gold still has some upside potential as this analysis shows...
http://www.globaldeflationnews.com/gold-elliott-wave-update-for-week-end...
XAU @ $1188
What a glorious spike. /s
Don't worry, the algos will bring the silver and gold back down to "Stable" prices. The commissions at the warehouses won't even be affected so buy now at these good prices before it all goes to hell.
Besides, when the system collapses, it will be fun to watch the EFT's fold up leaving all the pseudo investors holding worthless EFT notes instead of real silver and gold. Just be sure that yours is at the bottom of a lake as the result of a boating accident.