Gold & Silver Surge On Heavy Volume
Overnight weakness in global stock markets has prompted safety bids in Treasuries and precious metals but the last few minutes has seen a heavy volume spike in both gold and silver (above $1075 and $14 respectively)...
$1088 is perhaps the next target (50DMA) for gold and $14.46 (50DMA) for Silver.
(5 votes)
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The fear gene expressing........well, fear.
<The boogieman cometh. And the herd shifts to protect the elite in the center.>
You're here to bail-in my gold?
What gold?
I don't measure the value of my gold in dollars or cents, euros or yen.
I measure the value of my gold in kilograms.
Bless you for using SI units.
I think they mean,
"Paper Gold & Silver Surge On Heavy Volume".
2 hours later - they plunge right back, just because. (Digital Units)
This will continue until "they" run out of Digital Paper.
For now, I'm neasuring silver in troy ounces, but who knows, maybe eventually measure in high quality Lake Superior Agates, or farmland, or various crops.
From what I learned by reading Adam Smith's "The Wealth of Nations" (still haven't finished it, it's dense), if silver and wheat/corn are both falling, but sivler is outperforming, it's not only deflationary, but good for silver holders. More wheat for the same amount of silver, or same amount of wheat for less silver. Makes sense.
I measure the value of my bitcoins in gold. Been getting heavier now for the last 6 years.
I'm not in agreement with gold and silver expressing a "fear trade", though. most gold and most silver aren't bought "because things look scary". nor are they sold because that
in fact, imho the real trade with real metal is more an expression of some people getting in good times and wondering how to park something out and other people getting in bad times
and then... there is the paper trade of the "same". but does "fear trade" in any way reflect what happens there? I'm not convinced of any such implications
Yawn...back to pre-yearend smackdown levels.
Wake me at $2500/$40
Yep. History does not repeat but it does rhyme. First Monday of 2015 -- AU +1.2%, AG +2.7%.
That's a pessimistic target.
Wake me at $10,000/$400.
If Au ETFs, currently leveraged at 300:1, are going for $1000 then a full oz of physical is worth somewhere between $3,000 and $300,000.
2500/40 would be a rock bottom if gold/silver would follow basic valuation mechanisms. How can Gold be at or below production costs in this highly unstable world we live in?!?!?!
Let's see.
Ink, paper, server, warm place to poop...................
Because the producers are forced to sell their commodity into a highly manipulated market. If the fuckers would all take 2016 off- shit would get interesting.
Still wondering when they are going to get smart and form an OPEC all their own.
Wake me up when 1 BTC = 1 Kg / Au
People are already paying $2500 per oz and even moe when you consider what they pay for a piece of jewellery.
Keep yawning.
Rule of thumb for jewelry is spot price times 3.
That $3,000 gold necklace has approximately $1,000 of gold in it.
Go back to your basement dope...
Ghordius, I am going to upvote you only because you dare to question the status quo bullshit- not because I agree with that position.
Is it fear or prudence?
'Herd' and 'prudence' are an oxymoron. ;-)
Beatles: "Dear Prudence": https://www.youtube.com/watch?v=RzoaCzCFSAI
I bought 100 oz of silver again last night, so...expect the price to fall. That is usually how it goes...Sorry guys...I keep crashing the market. I swear the PPT just watches me. LOL
Thanks Take14theTeam, thought they were only wired into my computer
Well, I didn' buy 100 oz of Ag last night, and the damn price went up. As always of course lol.
What is up with Platinum Eagles? $400 or more over spot...Yikes. Double spot price on EBay? Talk about premium...
could it be that this is the begining now?
or another false start...
yes
Denimpants says!
https://www.youtube.com/watch?v=FN53M5jC8uI
You are probably sarcing... but, I used to observe the price action of gold during times of saber rattling, or outright armed conflict. If gold generally rose, the assumption was that the PM cycle was up. If gold generally didn't budge, or dropped, the assumption was that the PM cycle was down and that it was not wise to be long.
None of that logic seems to apply these days.
+1. as a side remark, the logic of that would have to include Indians, Chinese, and so on. that's gold markets with a different perspective
I don't think so, not yet, buttttt we are definitely getting close...
Trying to get the suckers in to the last relm before pulling the rug. If you're buying the paper stuff, might as well light your money on fire.
Sure, the brief amount of heat is all the benefit you'll get.
I will believe when the "surge" in silver is more than a silver dime,
Yawn. Wake me up when it's a buck.
They do this every year. They give it a hard on and then short the fuck outta it.
Exactly IR: the game plan the last 4 years running has been to sell off PM's at the end of the year, and then they get a strong bid in Jan.
Janet Yellen and William Dudley going to aanouce QE4 soon enough to stop stocks from falling.
It's endless QE until a currency crisis. Probably a helicopter money drop soon as well.
Ruin the currency for the sake of the Warren Buffet/Charlie Mungers.
The Buffet/Mungers have to have Hillary win.
Where is Yen Cross? Reading his posts from early this am he is going to wake up this afternoon under water on his gold shorts and hungover.
Why I always buy at Christmas. Always the lowest price, if you compare ounces to paper with numbers printed on it.
Gold and Silver Claim Checks Surge...
Be still my beating heart.
only 50% premium currently
Nope. Not gonna happen... already getting hammered back down. We've got China imploding, the EU coming apart at the seams, and at current count three middle eastern states more than ready to start ho-ho-hoing it down old-school crusade style and gold still can't catch a decent bid.
Wake me when the markets are smart enough to start panicking.
Wake me when the markets are not rigged fucking casinos that evil cocksuckers donkey punch to plebe money loss and outright theft.
FIFY
They are going to keep the metals down until the reset occurs. Then you won't be able to get it.
It's why I bought another 2 tubes yesterday.
(and I will keep buying until the end)
"Hey Dan, what if silver goes to $5 an oz?"
(yeah - heh)
(I'll buy more)
With what?
Bitcoin?