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Silver & Gold Slammed (Again)
Deja vu all over again...
Note the extreme selling pressure overnight as Chinese stocks crashed... then another dump at Europe opened... and now again as US opens.
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It's called deflation.
Thank you. Rakhmet. Merci. Spasibo. Xie-xie.
Keep powder ready. USD will rise during Grexit and douchebank failure.
It's called deflation.
I wish someone would tell my local Walmart about that.
It's called options expiration
I thought options expiration was yesterday, and still the price drops..
So glad i said no to the 10 ounces of silver for $10 deal
Time to back the truck..., oh, wait.
It's called deflation.
I wish someone would tell my local Walmart about that.
And my healthcare provider, car dealership, gas station, tire store, repair shop, cable company, electric company and the companies I buy my supplies from. Did I leave anything out?
If anyone is calling deflation then you are a totall zombified dumbed down moron
Grocer, especially meat. Glad beer holding steady - whew!
Deflation,
inflation,
manipulation
Maninfladeftion
I hope you're right about DB failure but i'm afraid these last 5 yrs of crisis have given them enough time to off-load all their greek trash on ECB (read european tax donkeys).
Trillions in derivatives can't be unloaded at notional, period. The system is in absolute lock down because once one bank goes, they all do.
Don't worry, it will happen. The last 8 years have been one of the biggest financial lies we have ever seen.
To put another way, why would Draghi and his banker buddies care so much about Greece, a small economy and country that produces very little? Because he knows once Greece leaves, Spain and Italy are next and that chain of events GUARANTEES western bank failures - instantly.
And it will happen.
Don't be so sure nope. This all goes to the root of the problem surrounding the elite and the proletariat. The powers in control have the legal system, the fiat printing presses, the police and the military and propaganda machine and the markets. ( what am I leaving out?)
When push comes to shove, the only thing that will really change the status quo is a full on down and dirty ( and bloody ) revolution, and even that won't change anything unless the military and police start to defect and join the people's cause.
So in my opinion, the Euro experiment was a way to consolidate power, is all, and even if there is a Grexit, the ax is just chopping off a limb, way up on the tree, and nowhere near the root.
Valid points. My question would be then: Why not amputate already and get this over with? I mean, it's been 6 years of this shit. If they can cut limbs off, as you say, without an adverse effects, it would have been done long ago. Greed and patience don't go hand in hand. Bankers are greedy.
Also, why are Draghi and Merkel always throwing tantrums over Greece? Small country, relatively small economy, little to loose.... right?
I think the EURO experiment was not an experiment but had every intention of creating a monetary system to control Russia, China, India, ME and South America. Looks like it failed, but they won't accept that fact.
Behind the curtain sits some real problems Yes, I agree the money men own the military, legal system, etc.. But everything is priced in USD and that is what is at risk as other nations band together to explore other means of trade.
Who knows what all the permutations of the elite's thinking are, nope? I presume they want it their way, regardless. I disagree with you that greed is necessarily impatient. The banksters have been extremely patient over the centuries in consolidating power and amassing wealth. No doubt though in my mind that this is a fight to the death between parasite and hostif the host resists . Of course it would help if the host knew that it had a parasite.
@nope 1004 funny, Iwas wondering the same thing about USD rise during EU crisis, but I still don't believe this is "it" as far as greece default/grexit goes. I don't really know what exactly is going on, is because as of a day or two ago, I swore off clicking on any more of those articles, and i meant it. Ive been trying to always have a little dry powder andtime silver dips below 16, but I think we may have a little lower to go. It drops on uncertainty, so when they manage to kick the can and everything is saved(until next time in a couple months) they will surely take another pounding. I think we may test sub 15 sliver and sub 1100 gold again before all this is over.
its like they think this bullshit is gonna stop me from converting their worthless script into real money.....
ha, ha........
Central bank pre emptive strike against gold should the greek situation unravel over the weekend.
Can't allow the cattle to believe that gold will protect them.
Mooooo moooo...thanks for the discounted phyzzz.
Baaaa baaaa baa...stack them bars.
"Praps", you know very little about Deflation and Gold. http://www.usagold.com/cpmforum/2014/01/16/gold-as-a-deflation-hedge/
Reminds me of a joke.
When a young salesman met his untimely end, he was informed that he had a choice about where he would spend his eternity: Heaven or Hell. He was allowed to visit both places, and then make his decision afterwards.
"I'll see Heaven first," said the salesman, and an angel led through the gates on a private tour. Inside it was very peaceful and serene, and all the people there were playing harps and eating grapes. It looked very nice, but the salesman was not about to make a decision that could very well condemn him to a life of musical produce.
"Can I see Hell now?" he asked. The angel pointed him to the elevator, and he went down to the Basement where he was greeted by one of Satan's loyal followers. For the next half hour, the salesman was led through a tour of what appeared to be the best night clubs he'd ever seen. People were partying loudly, and having a, if you'll pardon the expression, Hell of a time.
When the tour ended, he was sent back up where the angel asked him if he had reached a final decision.
"Yes, I have," he replied. "As great as Heaven looks and all, I have to admit that Hell was more of my kind of place. I've decided to spend my eternity down there."
The salesman was sent to hell, where he was immediately thrown into a cave and was chained to a wall, and he was subjected to various tortures. "When I came down here for the tour," he yelled with anger and pain, "I was shown a whole bunch of bars and parties and other great stuff! What happened?!"
The devil replied, "Oh, that! That was just the Sales Demo."
Yes SELECTIVE deflation lol.
Your taxpayer funded banksters at work..... Slavery in all but name.
Just a coincidence, nothing to see here, move along.
Is exactly correct. The last 3 trading days have had an $11 range in the paper price of gold. http://www.kitco.com/charts/popup/au24hr3day.html
Hey Tylers: Your hysterics about price moves when they represent LESS than a 1% move, suggest your ANALytical Obession is overtaking your ability to generate quality content.
It's called "a firesale". Thank You very much!!
The US paper dollar that everyone is dumping is up! hahahaha This shit is hard to make up!
I buy and stack these metals and sell your fucked up "full faith and credit" green paper shits.
you need to talk to me Fukushima... I can show you another way on how to get your hands on the bullion... If you understand gold -- you'll love this ...
www.teamramgold.com
contact me from there.. you wont regret it
I can't help but think of Super Troopers when I see your tag name and website. Nice one team Ramrod. - Farva
why do I get the impression there's the same left-hanging hi-5
get into the bullion guys...
Seriously guys, how much more of this shit can we take.... rinse and repeat... poor greeks getting the shit kicked out of them,,, them today .. us tomorrow...... its all fiat currency/central bank wet dream spawn,.
Get into the physical Bullion... and the stress levels drop significantly
check out www.teamramgold.com and I'll teach you how to make a system work for you to get bullion at the cheapest price... I can show you how to get the bullion home and in your hand for little over spot price ...
My stress level isn't being helped at all by this shit.
Fuck, it's Amway for PMs!
What's not to like? ;-)
Spamming again?
Shove your bullion, ramgold2206 you PM huckster shill. I got into the bullion in 2012 and half of my wealth is gone - gone - gone. Wake up America - Gold/Silver is a looser, better to buy prunes or hula hoops.
The real question in my mind is how long can demand for physical be supplied by the various stocks of metals around the world. Is demand that weak? Are the supplies that massive? It's all good and well to talk about how it's just paper gold and silver being manipulated, but the fact is that if the demand for physical were really that strong price would have to rise. Can't argue with facts. It seems like TPTB have citizens grubbing after the fiat, and the PM's really are ancient relics.
They're doing it through naked short selling of paper contracts. Illegal as hell, but hey, when uncle sam has your back who the fuck cares.
I understand about naked short selling, and I'm sure it goes on all the time, but still, the fundamentals are there. If there was strong physical demand the price would rise. Naked short or not.
Oh really eddiebe - Maybe your great great grandson can sell your metal and make ten bucks.
So why do the Gold miners put up with it? The Comex delivered a whopping 85 tonnes to the market last year, in a 5000 tonne market. Why do the miners allow this small Gold conduit to set the price of their product? I have to think that all the major Gold company CEOs are nothing but Peter Munk "wannabees", and have zero interest in the mining industry, and are absolutely in the employ of the banksters.
Looks that way, and paper covers rock!
in the West, yes
in the East, not quite
> in the East, not quite
Yes, this is the standard meme isn't it. Chinese colleagues I've spoken to tell a somewhat different story, e.g. gold at the retail level is not all that highly sought after.
I've often wondered the same thing. There never seems to be any shortage of PMs at the retail level.
This is why constant so called "market "interventions do not work. At this price they are trying to say that the entire hard rock silver mining industry's product is only worth about 6 billion a year.
Mines will have to start consolidation or shuting down to survive. And they wonder why people in the western world do not have jobs.
Good luck, Caterpillar and the entire supply chain trying to sell new equipment to the hundreds of companies in this industry.
Its beyond absurd. Its broken and they will eventually reap what they have sown.
You could take a mere 4-5 million levered dollars and knock this industry completely out at this point.
The "supply" of gold has of course long been inflated to death via futures, options, ETFs, unbacked short contracts and such.
Ridiculous...the better the fundamentals are for holding (real) gold - and they're improving DAILY - the lower the manipulated "gold price" goes...
I hope the serious players are buying with both hands at these prices...
Please explain to me how that can work? It's been 4 years that the price has been dropping. If there really was such strong physical demand, the price would have to reflect that reality. The bears are in control paper and physical and all. Period.
eddiebe - Physical demand has (more or less) decoupled from paper spot price. When physical demand surges (due to a paper price meltdown) the premiums increase on every ounce purchased. So say the paper price falls to $1000. One could expect a lot of interest in buying physical around there, yes? You can bet your last dollar that at that price level, premiums would go through the roof, probably close to double what they are now.
Loss of faith in everything paper is showing its ugly face. Right is wrong, black is white, wealth is debt, democracy is tearany, default is not default and loosing is winning. All paper is someone elses promise. Paper will extinquish itself and a reset will happen. One needs to tide themself over into a new system.
Loss of faith in everything paper is showing its ugly face. Right is wrong, black is white, wealth is debt, democracy is tearany, default is not default and loosing is winning. All paper is someone elses promise. Paper will extinquish itself and a reset will happen. One needs to tide themself over into a new system.
"Note the extreme selling pressure overnight as Chinese stocks crashed... then another dump at Europe opened... and now again as US opens."
gee, who's been refererncing this "phenomenon" for the past 5 fucking years...?
"Slammed again". What about oil today? Nat Gas?
Oh, wait. Metals price is now recovering. I guess the Illuminatti 1% have released their grip.
The commerical postioning vs the spec positioning indicates a low probability of a decline. It is not the biggest set up for a short squeeze in paper I have seen. But it is probably worth watching for anything that looks like a failed stop run to the dowside or a capitulation reversal. Like maybe what happened last night. You can see the CME bucketshop action predictor lines at the bottom of this chart.
http://finviz.com/futures_charts.ashx?t=SI&p=w1
People are booking their vacations
No silver this month for me :)
Wow... I guess the fundamentals change very quickly in the gold and silver markets..however do not recall seeing these types of changes in other markets..don't worry.. I am betting on a "golden future"...
Weekly and monthly charts suggest PMs probably have one more sharp leg lower. But ultimately you will have your golden future, beyond question. Soon... likely later this year we will see the bottom of a lifetime. But with the gold silver ratio currently at 74:1, when over the last 5000 years it has averaged around 13:1, it's time to back the truck up to the silver loading dock, not the gold dock.
During margin calls, and stress on investor liquidity - PM's will be liquidated.
I'm guessing the fed thinks it could be a bad weekend ahead if greece goes tits up, and they need to bring the price down in advance.
The ghost of Mrs Mirus
In a world where unlimited dollars can be printed,
with PM ETFs able to be printed/shorted into oblivion,
with PM physical being loaned to alternate players without permission,
Is there ever going to be an end to the PM manipulation games?
Race, in my opinion, no.
Thanks for answering.
The question was not a joke to me. I have a lot invested in PMs, both Gold and Silver, physical and out of US trusted authenticated paper like CEF.
I am wondering whether PMs will be the last thing to be let loose by the FIATSTERS as once PMs become established as a viable alternative to FIATs agin, the game is over.
That means anything short of total currency collapse, FIATS win. Unless it is in their interest to let PMs run, and I am wondering what that would look like? % gold back fiats?, freegold?
I have finally become convinced by the flood of hype that PMs can be a GREAT investment, IF:
1. You don't need income from your savings
2. You don't care about losing your savings or having it rotfor decades
3. You believe that investing your savings in one of the categories, ie PMs, that the regimes, with all their power, are committed to crushing
4. You are quasi-immortal and can wait centuries for the corrupt regimes to crash and the serfs flock to PMs