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Gold & Silver Are Spiking As 2015 Rate-Hike Odds Plunge
With the majority of European sovereign bond yields now trading well below zero, US rate-hike odds collapsing (4% October, 32% December), and 'boots on the ground' in Syria, it appears precious metals - having broken key technical support - are safe-haven of choiuce (as the dollar drops against the majors)...
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And....it's hammer time!!!
Bitcoin broke the $300 on Bitstamp
Fuck shitcoin.
I've been hearing that since before Bitcoin was worth a $1.
I don't know why people are so angry with Bitcoin. There is still time for you to get on the Bitcoin train.
It begins.
http://www.bizjournals.com/atlanta/morning_call/2015/10/ups-retirees-bra...
This needs more attention. This would be a good piece for the Tylers to highlight.
just like there is still time for people to get on the PM train...don't delay
Because they are stupid, and stupid people hate what they don't understand.
When I can hold a bitcoin and bury it for later, I'll buy one - - untiil then - no thanks
Write the block chain thingy on a piece of paper, and bury that.
Government created and control shitcoin . Shitcoin is fiat you just don't know it yet. Your scabbie sister can go down to the prison and pull a "train"
+1000 - I've been saying this for years! Wake up shitcoin retards.
.... likely been saying it since it was 2 cents ? You do know it's the armies of ignorant retards like yourself that keep it so cheap ? Please keep up the good work so the smart ones can continue to fill their boots - thanks and thanks again.. By the time you dumbfucks wake up you won't be able to afford 0.1 BTC.
BTC is a fiat currency.
The fact that the US Government has NOT shut it down is the EMPIRICAL EVIDENCE that it is a Government Run Operation. (They were quite successful in shutting down the American Liberty Currency...backed by Silver.)
They could have shut down the BTC exchanges as easily as they seized von Nothaus' warehoused Silver.
If the US Government had declared that BTC is a counterfeit currency and that it use and trade is domestic terrorism, and followed through with PROSECUTIONS of the participants, then I probably would have wanted to participate and have supported the use of BTC..
But you expose yourself as an agent or willing dupe of the Government or Central Banks. Thank you for doing that.
I am anti corruption. The US Government is corrupt...to the core.
BitCON is just a prime example behind the corruption of a Cashless Society.
In my humble opinion government is what you make it.....
After all , it is what you vote for ...
Who do you vote for ?
But back to the point.. Bitcon is fiat currency ?
Consider the primary attributes of "fiat"
-Legal Tender
-Forced acceptibility by traders
-Mandated by government for trade
Does bitcoin fit into any of one or more of these attributes of "fiat" currency ?
Looks to me more like a private global currency ...
But but but, Reggie said blockchain is good.
"Reggie said blockchain is good."
That, and the "reacharound" train...
Bitcoin broke the $300 on Bitstamp
At 100 to 1 LTC/BTC, LTC is going to go ballistic as soon as it wakes up. 25/1 is more realistic when looking at past performance.
D I S C L A I M E R - I am not an professional, use this information for shits and giggles. This is not investment advise. Be prepared to lose every penny you might have invested in digital coins. Just touching a bitcoin can be dangerous. I am wrong more times than right. Gamble at your own risk. Your fiat investment coult deflate in a matter of minutes. Don't step in dog poo. Stick with proven investments like Apple, Amazon, Catapillar, etc.
Last Friday's COT Report showed the Commercials with a net-short position of ONE HALF of annual global production (approximately 350,000,000 ounces SHORT). Hell, there is no CONCENTRATION there.
Hedging makes a certain amount of sense. But it's absolutely true that the gold industry has shot itself in the foot with excessive hedging positions. I think they would have seen better gold prices, if they didn't suppress the price of their own product.
it appears precious metals -having broken key technical support
Am I on "King World News" ?
When the 50 DMA is above the 200 and the price is above the 50...............that might be a ...............................Broken key technical support.
The statement you pulled from the article is completely wrong. Rising prices break through resistance...not support.
Not sure what the rest of your dribble means. 200 SMA is above the 50 in both gold and silver.
@Depression is Comming
For them to be in a bull mode you want the price above the 50 DMA and the 50 DMA above the 200 DMA
When the 50 DMA is below the 200 DMA it is still in bear mode.
Haha bull mode and bear mode! You are funny. Not sure if that signal alone is enough to call it "bull mode" but it's definitely constructive...50 day above 200 day tells you that more money has been flowing in recently.
Correct and the price increasing Bull mode.
So 50 DMA below 200 tells you what?
@DIC
Just checked you profile.....................you should know this stuff.
For a better metric use the 21EMA and 55 EMA
There is more to declaring "bull mode" (as you call it) than having moving averages line up. Using EMAs show momentum. 8 and 21 EMA will show you short term strength and momentum (if they line up). once the 8 day EMA falls below the 21..momentum leaves.
Don't worry I know FA and TA...I just had no idea what you were trying to say in first comment.
@DIC
Sorry re Bull / Bear mode = Sell / buy LOL
You have a far greater uderstanding of the many metrics for buy sell.
I am very basic and look for medium to long strength stocks using 21/55
Thanks for the 8 and 21
XAU XAG
The price one pays for safety and security, is cheap financially in comparison to the cost of freedom and liberty, when one loses them.
Stay free, stay stacked.
Cartel won't like this, somebody fell asleep. if they don't hit it at 12 noon EST(likely), pull up a chair at 2:15 a.m. EST and i will bet a months money the price of gold falls (with help).
Cartel boys on the prowl, look for a naked sell of 20,000 contracts in 2 or 3 milliseconds.
Bitcoin too
You might as well say Prepaid Visa to the moon. Bitcoin is payment transfer method nothing more. And if you was to call it currency it is a fiat just like FRNs.
So with all the fun we have been having with fiat currency lately, why would you champion another fiat. Do you not think the government with the patriot act and the new CISA won't be able to shut bitcoin down?
MAde with nothing backed by nothing is an idea that needs to die. Bitcoin would be as the Who said it "Meet the new boss, same as the old boss."
To the moon!
More like QE4 odds going way up.
They will do the unexpected........hike.
You are saying that the FED will commit SUICIDE...A rate hike will VAPORIZE its Balance Sheet.
They print from vapor, it goes to vapor. A perfect circle (jerk).
The Fed is holding all assets to maturity. Raising rates will do nothing to its unaudited balance sheet. It has potential, however, throw the market into a death spiral.
Exactly. The FED can't, CANNOT, raise rates. Why is this so difficult for people to grasp?
-Argenta
It would be a great way to spice things up. Personally I thought they'd go for the unexpected hike this time b.c it was their last chance. Any moves now are just window dressing for WW3.
Probably shows the entry of new major buyers who are fleeing problems in the global economy. it shows there are people who do believe the system is in real trouble. It also confirms that gold will not follow the path of 2008 with a major plunge. this will put a major squeeze on investors who hoped to profit from a plunging gold price.
the implication is that the world is heading towards a serious economic probem - different from 2008. OR that the world is headed towards a big war.
No. It probably means that the central bank manipulators went to get a cup of coffee.
Or it could be the same old players manipulating paper gold to the upside to maximize the muppet fleecing. The ups spike at the market open looks just like the hammer down spike they have done in the past.
Remember, if it ain't in your hand, safe or at the bottom of your pond then it is likely as real as ponzi FRNs.
Here is my new gold backed checking account: https://upma.org/
And here is an interesting read from Forbes where they point out a great tax arbitrage with gold backed accounts / transactions: http://www.forbes.com/sites/briandomitrovic/2014/09/08/transacting-in-gold-can-shaft-the-irs/
Time for our regularly scheduled smash down.
I hope it goes down to $10 or $5 or even $1. I would love to load up the truck at $1 an ounce!!! Wouldn't that be sweet?
To the powers that used to be:
Please, pretty please, smash the price of silver!!!
They can smash it down to any price they'd like. Even $0, but that doesn't mean you'll be able to get physical for anywhere near the price stated on the paper market. Hope and hold off as much as you'd like, but I would be buying.
The disconnect between paper price and phys is complete. After this latest movew the price of ASE is now less than when Silver was @ $14.50. The vig is now closer 15% and the buy/sell spread is ~10%. Still a rigged game but getting closer to crunch time.
Reality check. Gold and silver 'prices' are up a bit because the Masters of the Universe have allowed (perhaps caused) them to rise. These numbers remain under control, for now, within a manipulated market.
I'll be very surprised if they don't take it down within 2 weeks.
And Nouriel Roubini is mum about the 200DMA when it's not going down...
I checked all my OZ's... they still weight 1 OZ... Whew...
Exactly. It's like comparing fresh donkey turd to an ice cream sundae covered with chocolate.
And there is this:
Putin wants to ax dollar from Russian tradehttps://www.rt.com/business/319938-putin-dollar-oil-trade/
(sorry not trying to post the whole tweet it just happens)
When does the domino effect kick in, and countries like Afghanistan start not only asking for military help, but to be part of the new economic block?
For the last 7 years whenever it gets this slow at work there’s only one thing that’s guaranteed to happen. Another QE is on its way…
Granny is almost done knitting up her QE4 quilt.
So, gold priced in fed note debt by a criminal cartel goes from 1900 to under 1100 on the mere threat of a rate hike. How much have these fed notes been debased just since 2011? Like a rate hike is supposed to lend any credibility to a fraud.
But this time they REALLY really mean it! Quadruple secret probation!
We all need to triple dog dare then to do it. 100 base points you cowards.
Granny better order another bulk package of Depends because what’s about to transpire will make anyone in her position piss their pants. QE4 will cause a rush for the exits and NIRP will completely close the pocket books of tens of millions of prudent Americans. Great Depression 2 is back on...
Now that's just negative thinking. Haven't you been doing your common core math, self esteem and diversity assignments? Perhaps a reminder before retraining is necesarry. We are entering a period of enhanced austerity, with hope for all those disenfranchised by selfish workers who insist on wanting to keep the product of their labor rather than sharing. Think of this as an opportunity to get closer to the rest of the real world in terms of standard of living. Isn't today take an economic migrant to luch day?
+10
Work in some White Privilege and the Newspeak Nobel is yours for the taking.
Granny will shit her pants every two hours.
Rate hike odds plunged? You mean the odds were not already zero? People must be a bit, e.g., 7 years, slow.
The market is going to eventually break the central banks and they will lose control...then, and only then, will rates rise. Moreover, rates will rise rapidly and rise quite a lot. When will that happen? No idea...the experiences of Japan suggest it could take a generation but if people refuse the policy en masse, the policy will change and the markets will show it.
Now, where did I put that monkey hammer?
Gold market just reversed from the most recent high. It would be interesting to see what happens if it retests that top around $1184. If it simply pulls back further, I'm expecting it to consolidate and chop sideways into this afternoon's Fed announcement.
The Fed painted themselves into a corner with molten lava. They can jump in the fire and burn to death quickly and honorably or they can sacrifice themselves for the common good and starve to death. Instead the greedy spineless banker bastards will keep cannibalizing the young to survive another day.
When I bought my house, bank mortgage interest rates were 12.25%. Now, I'm retired and bank savings accounts are 0%. The banksters are hurting ordinary people everywhere, not just the young and not just recently.
The Fed painted themselves into a corner with molten lava. They can jump in the fire and burn to death quickly and honorably or they can sacrifice themselves for the common good and starve to death. Instead the greedy spineless banker bastards will keep cannibalizing the young to survive another day.
Gold seems to be pretty consistently counter-correlated to the dollar, of late. I think currencies are driving gold now and that is bullish if the dollar turns more bearish, something I consider highly likely, especially if stocks get hit.
that odd humming you hear is the Feds printing presses warming up again ....
If this is what happens to the price of gold on simply speculation that interest rates are going to remain almost zero, what will happen in the future when interest rates actually rise?
There's going to be carnage. And all the stacking bugs will wonder what happened, because gold is supposed to be MONEY.
NOT.
HIgher rates would put pressure on markets short term, but longer term, say, after about a year, rising rates would be highly inflationary because the Fed would be forced to print vast sums of money to service the existing debt. Take a look at places like Brazil...high rates, weak economy and high inflation.
In the new normal...anything is possible. Sounds so like "new age" thinking. So Greenyspan and Burrrankee lowered the interest rate to nearly zero.
Janet...it's your time to shine...let's just get on it...tell the world the truth...that the US economy is not that great...and to add a little spice to the new economic thinking...well you are going to lower the interest rate 1% every 6 months..even below 0% until this economy is humming....if Paul Volcker can raise rates to high levels to nip inflation...why you can lower rates to eliminate deflation...JANET WE ARE ALL PULLING FOR YOU...
Peter Schiff says gold will rise much higher while Harry Dent says gold will fall to $350. Whome to trust and what would be the reasoning to trust anyone of them? Here is a video Peter Schiff opposing Harry Dent in the end portion of the video.
https://youtu.be/_JZqdi6oKkY
Forget about $350...seriously. If you see gold trading that low, the only kind of gold you will be able to buy is the paper variety.
I think the real problem with Harry Dent's argument is that he assumes that a descent will occur orderly, I personally think if we descend the way Harry thinks it will be any thing but orderly, I think it will be a bit chaotic. So I dont see his prediction coming true, things are already getting chaotic in my opinion. Chaos will cause the gold price to at least hold or rise in my opinion, even with deflation. Schiff makes a very good argument that the FED cant raise rates and when everyone figures out they have been lying its going to cause problems, I tend to agree more with Schiff. I think they will only be able to raise rates .25 or .5 at the absolute most, but dont think they will do it, unless things get so bad they need to attract people to the currency. For the most part I think Schiff gets it right, except he like everyone else has no idea of knowing what counter measure the FED will pull out of its hat next? So WHO the F really knows?
Putin destroys the petrodollar soon.
The US politicians are very concerned.
A $14 rise in gold prices is not anything really unusualy especially in the light of the FOMC meeting. Kneejerk reaction--jerk.
"having broken technical support"
huh? A sustanied break of $1195 or so is technical support... not $1182, the article is a joke.
I think it is significant because we are in the midst of options expiry, the Comex and the LBMA at the end of the week.
This is a little unusual for 'that time of the month'.
I'll take it as a positive.
We get very little of the positive the last few years.
It seems our little anomaly has been corrected. It only took about 330,000 contracts vollied back and forth over 20 minutes to rid ourselves of this annoyance.