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Gold & Silver Surge As Dollar Dumps
Just 3 weeks after the world could not purge itself fast enough of 'pet rocks', Gold is pushing to one-month highs this morning (at $1120) and Silver just broke a key technical level at its 50-day moving average as USD weakness and global turmoil have seen Precious metals gain for the last few days...
Good timing?
July 17: China increases official gold holdings by 57%
August 11: China devalues Yuan
— zerohedge (@zerohedge) August 11, 2015
Been a while since tens of millions of Chinese rushed into gold and bitcoin
— zerohedge (@zerohedge) August 11, 2015
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And liftoff for STS-51-L ...
You would think with what is going on, $50 or $100 moves in gold may happen...Nope. $9 bucks. They have this shit so locked down. You have hundreds of "Dirt Bikers" causing chaos on stolen bikes in Baltimore.
NOTE:THese are not dirt bikers...LOL. Nice try.
http://baltimore.cbslocal.com/2015/08/09/police-in-riot-gear-attempt-to-...
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Then we have Fergusen erupting again.
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The political nightmare. The bottom starting to fall out on stocks. Gas is still over $3.00 a gallon here in Portland. The Bizarro World enters another day. I am starting to think that maybe the September date people are starting to call as the "Collpase" date may be real. Have a great day.
Don't worry, the magical market fairies will short sell another 2.7 billion dollars of paper gold, when the market is most iliquid, to break trendlines and sucker in retail and non insider commercial shorts.
Of course if we really had a free market, the price of gold would be well north of 2000, silver north of 50, but this is your criminal banksters using your tax dollars to fuck you.
These are the days of miracles and wonders.
The gyrations are going to get PAINFUL to be a part of.....
All those attached to price as opposed to intrinsic value are going to be crrryyyyin.....
Are they driving this train over the A September cliff?
@Takeaction 2. Agreed. On a typical BLSBS, Fed Minutes, etc. Bad News + Good News, except for PM's day, moves to the downside would be $30 Dollars. We SHOULD now be getting upward moves of $50-100, especially if the Managed Money crowd start to cover Shorts? But no, $9 up. It looks like the Commercials are going to continue collaberation with the Fed (And CFTC).
When the bond market falls apart something will have to take its place as the preferred safe haven asset. Any guesses what asset class might fit that bill.
yes , but more paper smackdown for now - the comex isnt quite depleted. 1 million oz in silver taken out yesterday alone, but even at that pace it would take 115 days to empty the comex.
rocco
theres only 2 games in town, and they aint games:
1) the comex depletes
2) china cant wait for the comex to deplete and the shanghai price disconnects from it
The banks are net long now and have suckered hedge-funds into short positions. As such, hedge-funds are about to be sacrificed! Gap up days will be here shortly.
Not necessarily. The Commercials could again let the Hedge Funds off easily by going Short again. They can't piss off the Fed for the sake of a few Billion because they get free unlimited money to play in the Fx markets etc. PM's are so important to the system and such small markets in relative terms it is, I'm afraid, quite possible that they will remain manipulated until the very end.
@ORI
gonna need some tryin'
cuz it's gonna be hard.
You are correct LL...as we speak the criminal banksters are capping the surge in pm and propping up the falling stocks. Death to the Banksters!
Everything else sucks.
For bonds and gold, it's Priceless.
About time to pay down your debts to 0 as in Zero, nada, zilch, folks.
If this deflation has wheels, it's gonna be one long brutal ride. A lot of plain everyday ordinary folks are going to get hurt.
yer, maybe the manipulators will let gold off the leash to the $1400-$1600 level, to see if they can shake out some semi-weak hands, then resume the rodeoclown-smackdowns
How will ordinary folks hurt? Thanks
Over the past 8 years of stacking...(And many raft capsizes in the lake...you would think I had learned) I wonder if this is perpetual. How old will I be when the SHTF....?? Sometimes I hope for Silver over $100, but then what would the world look like with $100 silver. All who are stacking, do you think about this?
there will be a time when using fiat is pointless and silver will get you a looong way. But that is likely to only be a few months in duration. Paper will resurface - but it will resurface a shitload more respectful of phyz
my mantra: i measure my wealth in ounces not federal reserve notes. i measure my wealth in ounces not federal reserve notes.
sometimes i stop and think to myself: is it possible im being too cynical? is it possible that everything the fed is doing wil actually lead to growth and isn't intended to rob all of us blind? is it possible that the government will get its act together, reduce regulation, end the welfare and warfare states, get rid of our ridiculously complex tax code, abolish the NSA, and pay down the debt?
after asking myself a couple of these questions, i realize how fucking laughably insane all that is, take a deep breath, and then i go buy more PMs with the shiteating grin of a conspiracy theory obsessed, gold bug, constitutional extremist.
You made my day...thanks. OR...maybe all of us who think like this actually belong in the NUT HOUSE....HAHAHAHAHAHAHAHAHA......ooops did I just type that...??
Only started stacking this year but already have a respectable amount to be lost by a boat misadventure...
I personally think that PM's will turn into a "Hail-Mary" for the markets once paper collapses and we'll get some pretty wild fluctuations, even to $100+ Silver.
For a Mad Max Scenario I go to $1,000 silver....$100 seems actually kinda doable in this climate...
The big question tho is of course....how much IS enough?....100 oz silver?..200?...500?...1,000?....whats a good "solid" number in your guys minds?
You're already ahead of the crowd, so keep buying slowly and accumulate what you can. Don't forget water purifiers, food, brass, lead etc.
I have no idea what a good amount is. So I am just getting all that my finances will allow. Along with other items that seem prudent to have on hand in the event of some sort of economic event or other natural disaster.
My personal goal was to eventually have 1 monster box (500 ozs) of silver. I am not even half way right now.
My goal is 1 x Ton of Argent.
That's the real question, isn't it? The other question is, do I really want to live in a world of $1,000 silver? Trust me, it won't be pretty. On the other hand $100-$150 silver as you say is quite plausible and allow you to live quite well with a couple thousand oz's of the stuff. And don't forget a few hundred oz's of lead/brass/copper in various sizes (cal.). By the way, Lake Mead would be a wonderful place for an unfortunate boating mishap. The place will be dry in a couple of years and you could easily salvage your lost valuables.
Clever idea, as you can check the internet for the water level, and know when your brown-painted monster box is just becoming visible in the depths. You can stagger them for retrieval at different times. Hope you are available as each comes up. If you are worried about being bugged out or in jail, consider a cinder block with one of its two cells cemented up (with your stash inside), plus a bit of frayed rope attached. People wandering the rocks will think it's a lost anchor.
Do consider problems with sediment. A spot close to a canyon bottom is likely to be weak sediment instead of solid rock. Plus, as the lake recedes, sedimentation will begin again in that spot, burying your stash. Get an ancient topo map and drop the stuff over a bench. Do some depth tests and sediment-retrieval tests first. All you need is a strong fishing line and a DIY sampler doohickey.
"All who are stacking, do you think about this? "
I can only hope for a better world for our kids. That would mean the fair value of gold, not one manipulated by printing of more fiat and an economy that is healthy. I'd like it if we had an economy that created real jobs, making real things not ad space on a Facebook web page. For me that would mean jobs in a private/public partnership manufacturing clean energy solutions, high speed rail, fixing crumbling infrastructure and cleaning lakes, rivers and oceans, restoring top soils. This translates into jobs. Also an economy that is smaller and decentralized-the support of family farms and small business. A healthy economy based on reality and less consumption and less military spending by half would put gold @ around 1500 oz. Whatever the outcome, for the well-being of our kids praying for a no SHTF scenario. We just need to agree on what our priorities are as a nation.
The lower the gold and silver price the better until it all crashes... be happy it's on sale.
Perhaps. But don't forget than in the real world everything has limits, even the amount of worthless paper. Theoretically you could build a house of cards a thousand feet high, but those annoying breezes....
Looks like a crowd of Dindus to me.
pods
YOU WIN THE PRIZE.
Shemitah
Shemitah (jubilee) is a time tested way to keep those prolific in assigning debt to others in check...everybody understood it and operated their finances accordingly. One can see why it fell out of favor with the ones assigning debt that make the rules...
Did not see any Chinese buying bitcoin yet.
Sale's over, bitches.
that's not very nice lol...
OK, so I may add a few coins to the stack, but I sure as hell ain't going to back the truck up until I see the "whites of Yellen's eyes".
Today seems like a better day to buy more ammo and reloading supplies.
That is what I was thinking...have you seen this site...pretty cool. Best price...Real time...all calibers. Kind of like the ticker of bullets...
http://ammoseek.com/ammo/223-remington
Better.
www.wikiarms.com
You can sort by brass vs. steel cased and also remans.
Thanks...Bookmarked.
Great site, thanx.
Good for price comparison, but I wouldn't buy it online. Leaves a trace. Go to local sporting goods store when they have a sale, stock up and pay cash. Just saying, never know when big brother is watching.
Concur. Don't reload, but I have close friends who do.
That's hardly a surge. The Fed can drop gold by twice that in a nanosecond on a Sunday night at 3 am by dumping $3 billion in gold futures.
Wake me up when gold rises $50 in an hour. And silver a dollar.
Dead cat bounce
untill many need to sell to raise money for margin calls in other assetts
Wake me up when silver is back at 8. I'll back the truck up and fleece the muppets at 15. Rinse & Repeat , BITCHEZ ......
Wake me up when the comes goes limit up.... Or down!
If I was a chinese with some excess cash...I would buy gold and silver right now....
So no home in Vancouver for you ????
The Chinese have that market locked up!
still in the band its been in for months, move on folks
It's still a long way to go to $50,000USD ...
The "official" price of many things will be set very low, taking delivery will be something else altogether. Apparently the world did not learn a damn thing from the Soviet experience.
Like a Venezuelan supermarket. Looted and left for dead.
What you say may well be true. I wish you had more space to elaborate.
Damn, haven't finished stacking yet.
"Surge"? Not exactly. Oil will follow as it still remains the most valuable store of consumable calories and reduced hydrocarbons. Forget about growth, China can use plenty of it just to simply maintain the status quo.
Then the proverbial Monday Dump of any manulated gains. Another day, another Ponzi.
Stocks surging, too. SSDD. Just BTFD, K?
S.A.R. - SELL ALL RALLIES
All this attention to the yuan, gold and silver. What's the other hand up to? What's happening in the South China Sea? Or with the AIIB?
Gold up $40 would be a surge. Up $10 is noise. C'mon Tyler, leave the hyperbole to the gold hucksters.
See previous ZH articles on circuit breakers. Upside would have been well north of $40 otherwise.
I don't disagree. North of $40 was more relevant when gold was $1200-$1300. A$40 move starts to become more relevant as the price of gold drops. I think we would both agree though that a $10 move is noise
The point is that with circuit breakers there's no way to know if it's noise or not. It's Manipulated and suppressed.
By definition, there are no gold "Hucksters" anymore... Just sayin'.
where are the manipulators when you need them? I want it cheaper not more expensive.. Can we naked short 10 years production in 10 mins... lets get this done
Time to turn off the tele and computer and see to actually securing the house as the forecasted storm begins its approach and to make sure the insurance policy has enough PM to see us through. QE 4 is just around the corner but will fail just as interventions in China are not having the desired results as we might say. With the two economies inextricably interlinked I see a bad moon rising unless they about face and work together. https://www.youtube.com/watch?v=UYnySGM9dQA
Has the carry trade finally unwound with the USD? or is the criminal gov. smacking it down in response to China's devaluation?
I wouldn't be surprised if gold gets up to $1250 or $1300 over the next month or two. Just to come crashing down again late in the year.
The difference with be when it comes down again, it's going to go even lower than the past few weeks.
Gold prices are manipulated by small amounts, over short periods of time. Large swings are caused by general sentiment and FEAR.
That fear is in part because some people don't know what else to do with their money when they think things a going bad. Soon as their fears become "normalized", and something they live with everyday, they realize the world isn't coming to an end, they don't fear and don't "need" gold. Price drops again.
Nice try, but wrong on all counts, except that some sort of extended rally is years overdue.
Keep telling that to yourself, if it helps you sleep at night.
Pass the sandpaper, its time to rub one out in the comments section.
GS and HSBC just bought 7 tons of the shiny for themselves, not clients.
speaking of gold, here's evidence people really do lose their gold in boating accidents;
http://www.huffingtonpost.com/entry/girl-finds-gold-bar-german-lake_55cb...
If it goes day by day $10 higher, then I call it a surge.
This up-down-up-down is a game of the big animals in the arena.
I'm glad we've all got our PET ROCKS to look at. The PET PAPER lovers will be getting jealous. JOHNLGALT.
doubled up