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Gold & Silver Are Jumping On Heavy Volume
Modest USD weakness combined with significant risk-off across global equity markets (and a strange un-bid to bonds as China unwinds continue to weigh) has sparked heavy volume flows into precious metals this morning.
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GDX up pre-market as well. Not bad considering Dow futures are down 400+
Meh just paper.
Don't look now....most paper is turning to crap.
Silver up $0.03. C'mon ZH. You're better than this.
paper home run :)
they can't make more $ unless they can get the suckers to take the long sides of their inevitable shorts.
Long a shit load of AUD/USD
QE is coming, don't care which CB. Doesn't matter
with all the manipulation going on Gold is still above 1100...
But amanda drury tweeted that the correction is over ?
Rule 48! Never envoked when the fuc£er is going up!
If gold and silver were moving up 3% to 5% then it would be a jump. These are baby footsteps that the Fed will fix at 3 am tomorrow morning
Check again. They have almost fixed it already.
Check on their fixes. Their last few attempts to attack the metals have failed. Time will tell but the false breakdown in silver a few days ago was the buy signal I've been waiting for. They attacked but it didn't turn, now we get to see how their counterattacks fare. It is my opinion that we have reached the inflection point. Waiting for confirmation.
Nice to see a gold boner once in a while. But the printing press is still warm.
Let's see if Bill Holter's "Something changed" call is any good.
It's about fucking time people realize where they need to be.
GOLD.
Don't know what happened since 2011 And why people lost sight of that, but hopefully that stupidity is coming to an end !!!!!
Silver will outperform big brother in a spectacular fashion. GSR will overshoot the traditional 12:1 to maybe 8:1 or less, depending on AG demand for industry.
ooooooo....stop it! I'm getting goose pimples all over....pant...pant...
And other fantasies...
At 8:1 I'll unload some silver for either gold or a house. Or both. LOL.
Yet everyone wants to point fingers at China as the sole problem with our markets here in the U.S. Too fucking funny!
The talking heads are hysterical....
Indeed they are!
Bonus time!
Just wait when the time comes when people start demanding physical instead of paper contracts. That's really what we are waiting for. I know, it's impossible to know when this will happen but we sure are closing in.
almost the same but not quite: also when the paper contracts demand physical instead of their microchips newly configured by electrons.
what a difference a day will make then.
I've been through this shit far too many times to get excited over being up a few cents on silver and a few dollars on Gold.
I'll take notice when Gold trades on hundreds of dollars an ounce and silver in $5 increments per oz.
In the meantime, still stacking every month...
Exactly. If you can't touch it, you don't own it. And don't discount the historical gold:silver ratio. It's been 16:1, now it's 80:1 Why is that? That will come more in line, as well.
-Argenta
Just sayin'.............when the REAL liquidation begins, they will be selling gold and silver to raise CASH to COVER their failing positions.
So while people still have some cash, they will bid up these lovely little metals...but that should be relatively short-lived.
But it they rev up the presses again, the nominal value will fly.
So be nimble.....and have a mind that follows what the eyes see....and not the other way around.
If they're riding the fed coattails it's more likely they will be buying gold to meet margin calls.. as it appears is happening morning.
oh boy...
not the "Gold and Silver are Surging" headline curse.....
The Crimex is a fucking joke...
http://www.kitco.com/charts/livesilver.html
It's not really a curse. ZH just puts these headlines up when silver goes up a nickel. Then people look at spot price and see its down a nickel and say, "OMG SILVER SMACKDOWN RIGHT ON TIME!!!!"
repeat after me: paper is just paper & physical pm is not an investment, it's bail-in/currency insurance...
Good mornin' murika how are you?
Putin says dump dollarhttps://www.rt.com/business/313967-putin-says-dump-dollar/
We are due a $100 day move....I think
Personally I would like to see a $100 move in a minute at some stage.
In any case the barbarous relic is at the gate for quite a while.
You have all been warned.
... in silver
Paper money is witchcraft! Burn the witches!
BS, up one 1% is not jumping, it's just the day-in-day-out paper games the crooks play over at the CONeX. Short squeeze, long squeeze, short squeeze... The metals will jump once the market realizes how little fizzical silver and gold there is, followed by a default of the CONeX/LBMA system. Till then, good luck trading these "markets".
WTF is rule 48 anyway... Some protection mechanism for the elite... I'm invoking rule 48 for all legal US citizens - there......
if your not stacking now.. its your own fault.
there is enough evidence and commentary to support at least holding some physical bullion
www.teamramgold.com/about-us if you want to join me in karatbars and use the affiliate system to acquire your own stack of AU
No thanks. I think I'll just buy mine cheaper at Provident or my local-ish coin shops. Spammers!
You sought saftey in paper.
You are doing it wrong.
And.....it's gone!
Nothing says "Buy gold" like rivals moving heavy weapons into a war zone.
Buying precious metals in a deflationary environment is not a good risk/reward proposition. Once the helicopter money starts to fall - THEN it will be time to buy PMs.
No. Once the helicopter money starts to fall, it's too late. Trying to buy the bottom isn't a smart play. Who cares about a few dollars difference anyway?
Amen brother. Bought a 25 oz tube of Canadian 2014 Bald Eagle Ag coins yesterday for 450. Supplier had 53 tubes, now nothing !!!!!
so if raoul is right why did gold miners go up five to seven times from 1929 to 1935?
http://www.gold-eagle.com/article/gold-stocks-were-financial-saviors-dur...
so if raoul is right why did gold miners go up five to seven times from 1929 to 1935? and there was precious little helicopter money then. as well, gold went only from 22 to 35. gold has gone from 200 to 1200 and the gold miners are about at the same level they were when gold was at 200.
http://www.gold-eagle.com/article/gold-stocks-were-financial-saviors-dur...
http://www.bgmi.us
While I can't rub my stack, I can assure you
Gold Bitchez.......I pick up pennies
I thought you said SACK.....cleans glasses
I thought you said SACK.....cleans glasses
First of all what is flowing into metals is paper not money. Secondly, the metals aren't metals but more paper leveraged at least 100:1 assuming there is any real metal backing the play at all. So what you really have is paper chasing more paper. Viewed from that perspective you will have to admit it is halarious.
You can call it hilarious or whatever you want. It STILL controls the price of physical.
Consider the other side. It's the paper that has made the physical more valuable. Laugh all you want, without that paper trade, your physical would be worth a whole lot less.
on the fear of sounding like im blowing my own trumpet (which im not) August was a record month for us in terms of bullion sales and interestingly the delivery requests are way up; so obviously some people are paying attention...
the 5gram units are flying out the door
www.teamramgold.com/about-us
Why do people spend $1500 - $1900 per ounce for Karat bars at ramgold ($50 - $70+) per gram when you can purchase a 50 gram combi bar for $39 per gram...or a 5 gram PAMP Suisse for $40 per gram?
fair question
simple answer. not everyone has 2000 odd bucks to drop at once for a 50gram combi bar. the are restricted to small weights which are obviously more expensive when compered to larger weights - due to costs of production.
the 5gram karatbar is around €41 which is as competitive as anything else out there. and if you ask nicely i can give 3% discount and if you buy a large amount delivery is free by fedex
I wont go into the additional security features of Karatbars - thats for another day
APMEX, Provident, Gainesville, ad infinitum. Cheaper, quick, well established businesses. And they don't spam ZH trying to drum up biz.
i dont spam, i comment and offer my opinion and have every right to, no one is twisting your arm to buy karatbars; not everyone considers the dollar price as the only reason to choose one product over another.... anyway while some people sit behind their keyboards and offer opinions on how to fix the world... others are out doing good business....
just wondering ... do you actually own any gold?
Gold rally? Where is that happening? Not here. Gold is down to 1138.850 from 1146.79.
Gold +$5 Silver -6.6 cents Bitcoin $227
ZH Headline : "Gold SOARS while Silver TUMBLES"
silver is spiking higher by one tenth of one percent.
YAWN
Shemitah
You say Shemitah, I say Shmegma
Shmegma is like that sediment at the bottom of a good beer. Yeasty goodness.
Rally ???
The current gold price is how far BELOW BELOW BELOW its high ????
When bullets fly, metal is better cover than paper.