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It appears the China-related margin calls are spreading... just as we warned.
These are hevay volume forced trades...
Charts: Bloomberg
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Not enough.
How low can you go?
Ruh Roh!
Posted a few days ago:
I’ll close this brief with the four downside price targets beginning with the nearest. All four downside price targets are contingent upon the 18.50 level holding as a pivot high. The nearest target rests at 14.27 followed by 13.30, 13.00, and finally $12.00 per ounce.
I'm still hoping for $.01. I've always wanted to swim in silver.
Damn that chart reminds me of an old arcade video game called "Super missile attack". It always ended in total destruction. ...hmm.....
BTFD
fuck no. this is just the beginning. the USD is about to go crazy higher. if you hold commodities, get the f out.
Its all air you dollar bull moron. Think of how many dollars are out there ? How much selling and buying of other things will it take to bring it down to earth ? Not much. Not much at all.
But keep chowing that Yellen dollar muff.
Just got in on some silver at SD Bullion (Silver doctor). 15.97 an oz with thier markup and shipping.
That sounds exactly like what the Hymie Banksters want you to do. Good luck with that.
get the f out of paper.
I was at a Swiss bank a while back. The teller told me (hush hush in a buddy kinda way) that he was told that Dollar will go to 1.20 CHF (it was at 0.98 at the time). I said it would need to drop to 0.80 before that happens. A week later the SNB took off the peg - BOOM 0.74 in an instant..... now back to 0.95 so I would tend to agree with "fuck no" here comes 1.20 scenario :p
Some folks got dipped.
Silver is down ..... and hey, physical premiums are up 2%.
https://comparesilverprices.com
WOW, Silver at 14.97.
That is an impressive spanking!! A billion ounces cried out in terror, and were suddenly silent.
http://www.kitco.com/market/
the 'Disconnect' is now showing
As stated repeatedly.... Silver to fair value @ $5 and Gold to $500 (or possiblly $350).
For those still holding... Don't worry, in another 15 to 20 years you will be back to break even.
That would be the 'new' dollar you are referring to? The one where you have to trade in 50 of the old dollars for 1 of the new.
All hail the Amero
Oops
Same shit as 2008. Commods slip due to margin calls on other asset classes going South. You'll eat your words in a year or two.
Just like it was going to 400 when everyone was chasing it at 50. It is just a paper trade in the paper markets. Short or long. Excitement is not your friend.
Gold never makes new cycle lows or gets even close to them you moron.
The 80's bull run started at $35. The peak was $800. The new super bear market low was $250. Hell of a long way from $35 eh ? There was morons like you saying the same thing in 1975. "ohhh its going back to $45 an oz. How did that work out for you dumb fukka >?
Just like how the jackwagons said that gold would go to its intrisic value of $6 in the 30s?
How did they determine $6? How did you determine $350? It's all nonsense. Gold is money. The only realistic dollar valuation of gold would be to divide USD in existence by gold holdings in the US. Attaching any dollar value to gold is bull shit though.
What options do you have today? My "wealth" is in my property and gold. I have enough fiat paper in savings and a retirement account to cover me in the event that the US (dollar) doesn't implode in my lifetime... but I know that it's a losing battle. I'm not a gambler, so I'm not willing to put all my eggs into the market. That's a f***ing joke today. Volatility, knee jerk reactions to beauracrats' hollow words, manipulation, intervention... who the f*** wants to participate in that?
your gonna need a wad of fiat to bite on, Flaco ! fiat is going to zero and your gonna take it dry in the pooper.
Fair value of the FRN is zero. Full faith and Credit may ass...
BTW profiting in FRNs isn't why you should hold PMs.
My cat's breath smells like cat food.
Lick that pussy.
Oil going down the toilet again today
Oh fuck. The dream is over.
Better crank that printer up to ludicrous speed there Janet.
I looked at silver yesterday and you can't buy that stuff without paying the middle man 15%.
If you can't stand in front of it and guard it, You don't own it.
Digital zeros and Paper ain't worth shit and that is what that $14.66 price is.
Stack to the moon.
There is also a purchase tax of 8% on silver where I live.
None on gold and none on GP90 5.6x45 ammo btw.
You gotta love the Swiss :)
so if its real, it gets ass fucked.
Go pro magic camera? RISE
Flaco making $10/hour working as a government disinformation shill. I think lower silver and gold is awesome for the wise who know issuing IOU's has never worked in the long run. May your mother not slap you as hard as last time.
When commodities start moving like that, after a steady period of prior protracted declines, it's change in the change that matters.
My markets, My nice always rising markets - oh where, oh where are you going.
DOWN TO THE PITS OF HELL WHERE YOU BELONG!
Gold completely collapsing, all the hate for oil is misplaced on this site. Gold is dependent on oil, too bad, so sad. Gold headed to $800 then maybe lower.
Gold never makes new cycle lows or gets even close to them you moron.
The 80's bull run started at $35. The peak was $800. The new super bear market low was $250. Hell of a long way from $35 eh ? There was morons like you saying the same thing in 1975. "ohhh its going back to $45 an oz. How did that work out for you dumb fukka
Must hurt buying at $1900 expecting $5000 and seeing this kind of carnage huh? It was the 70s bull run anyway, in the 80s gold crashed.
Funny how people always get bearish at the bottom.
Did you read anything I wrote moron ?
Gold was $35 in the late 60's. Thats when interest rates were around 1%. Gold went from $35 to $800. The new bear market bottom was in year 2000 and the price was $250. (Browns bottom) $250 is a hell of a long ways from $35.
And here you are telling everypone at the worst time in history to sell at $45, I mean $1000.
Gold to $10,000
Just observing the argument here.
Why would anybody sell gold if it goes to 10,000? That only means that money is worthless, so why would anybody want to exchange a valuable commodity for a useless alternative?
Well that depends on what one exchanges the gold for. Good land may be much better than the 10k. Just saying.
Thats wrong man. 10k gold does not mean money is worthless. The value of gold to anything is always ellastic.
Gold to 10k or 30k just means that liquidity was soaked up with gold. Gold will save fiat currency from itself. The more money is soaked up by gold means the less liquidity is flooding into useful commodities like oil and food and devaluing fiat in real terms.
Got my bids in for gold and silver, at $650 and $6.50. Should easily get there if China's house of cards collapses finally. But I think it's going to take a bit more time.
My SDS calls are just barely in the green though, damn the US stock market hangs tough.
Long tradables and Elk meat.
Silver at $14.66 has entered uncharted waters. I'll say it's time to stack cash and buy AG way down lower:
http://finviz.com/futures_charts.ashx?t=SI&p=d1
Just stacked another 25 Silver Maples Hi Ho Silver, AWAY!
I'll check eBay later today. Paper is bulls**t and should be outlawed.
FUBAR... People bid up coins on ebay. You have to know at what time to go shopping on ebay to get coins at spot (or very near to spot).
CME corn is stable.. got to keep the farms ruinning for all the fat F^(ks.
Hi Ho Silver! Away!!!!
Y'know it's just, um, y'know, that the PMs get hit at the same time that Greece and the Euro go south.
Dang, where's that picture from Banzai, firecracker and meteor?
Spell check dudes! ZH is getting embarrassing to read!
Silver down over 5% ... wow.
Of note-- BTC jumped to $265-270/ea and has been hovering in that range since just before the Greek vote. Have they not figured out how to manipulate the price of a digital currency yet? Well, you're right... why bother when they, or some Chinese hacker, can simply wipe out an entire exchange? Here today, gone tomorrow. Just like the money in my IRA.