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Margin hike, bitchez!
I for one, welcome margin hikes.
Adios 1000's, Bienvenuto 2000's ...
I can hear Bernank starting to blubber..."Traddiitttionn *sniifff* traddiitttionnn *bawling* it's only traaadditttioonnn. Timmay get me a tissue"
"Sorry boss I used it all stuffing Greek bank deposits last month!" Timmah yelled from the gimp closet.
That didn't last long. I suspect the next time we say goodbye to $1700 we'll be saying hello $1600.
yeah, right on cue, welcome back $1700s
The smackdown is retracing as we speak, but if you were trolling for neg votes, then.... success!!
It's a dance - 3 steps forwards 1 step back - 2 steps forward 1 step back repeat.
But being a proud member of Stormfront, Trav of course does not have even a smidgen of rhythm, and therefore cannot dance.
that was a pretty damn good sales event. gold at $1,600, silver at $30...ahh...those were the days.
didn't get the real deal! When silver went down to $26.60 APMEX shut itself down for maintanence.
if there are no coin dealers in your area, go with gainesvillecoins.com, providentmetals.com, tulving.com or ANYONE OTHER THAN AP-fucking-MEX! APMEX is a RIP OFF! shop around. there are much better deals than APMEX all around you.
I would typically agree, but occasionally, Apmex has deals that bring their prices in line with others, like recently with fractional maples. And at times, they are competitive on items like Palladium.
Yeah you're right Troll... I've been buying physical Au/Ag for a few years now and I've yet to find a dealer, and supply to buyers outside the USA, who are cheaper and more tightly margined than Gainsville. I've yet to find one and would be keen to hear if there's any out there who are worth chwcking out.
Par for their course,higher prems than almost anyone, and their bank is JPM.
Blue light special was last month.
Gold is above most/all the moving averages and by a good percentage.
You can check the MAs here: http://www.kitco.com/charts/techcharts_gold.html.
I don’t think it’ll keep doing this for long.
Don’t buy now, wait for a dip to at least the 30 SMA.
Noone. I repeat: NOONE should wait a second to buy physical. Ignore tech charts and think FUNDAMENTALS. Applying tech charts to Gold is like estimating the size of the lifeboats of Titanic (instead of jumping into them)
How about this for a FUNDAMENTAL:
When dumb buyers have wasted their money on a spike, savvy buyers buy the dip that come after.
I am in no way ashamed to admit that I have myself learned that lesson not too long ago. Waiting patiently.
must've been a sales guy from APMEX.
Physical gold? That old relic? Give me more of that good time fiat paper along with NFLX, CMG, TZOO and shares of Grope-on.
I suspect Toof' Picker's point is that you may not be able to find physical gold easily. At some point gold's 'status quo' is very likely to shift at some point, and global demand simply will continue to move the price higher; and with a limited amount of the metal that's a pretty good assumption once people catch on that it may be the only sought-after money left.
Would not be at all surprised if the spikes don't do the same thing Silver did last April. Hedgies are looking for a quick boost and have started to take positions; could well squeeze the shorts; the price will shoot up, everyone will bail, and 'plop' the price back to the $1600-ish level where other buyers become interested.
Or when we have the inevitable market crash that is coming, contracts will be dumped and PMs may make their final big dip down - which may be the buying opportunity of a lifetime.
Frankly a pattern of nice rise and consolidation is much more to my liking than spikes and smack-downs, as the latter scares people out of the market.
Exactly. Hike this you punks.
My first thought too.
No money down any more..
Cash and carry.
Creates the right type of buyer, one that is making the mental decision that all FAIT is crap in hand with the determination to force the hand of the crooks attempting to cover up their mistakes.
It is a waste of time to argue this again. You are both right because you are all comparing apples and oranges. Stacking physical has nothing to do with trading paper.
At this late stage in the train wreck, you should have a physical position, there's no arguing that fact. The real question is how big a position.
If you are trading paper gold, and I won't say you should not, you must accept that you can lose everything in the market with no warning and no hope of you exiting your position.
If your physical position is too small to accept these potential loses in paper, then you need to shift some money over and do some stacking. I am not against trading paper, but stops and other types of paper hedges won't work against a global seize up in markets, and that seize up can come anytime.
'I'm Sold On Gold.'
'I'm Aquiver With Silver.'
Ok, that's about all the PM Big Ching-aso-ism's for today.
Do the next series of margin hikes take it to 100%? What do they do after it's 100%?
110%? Why not?
My guitar goes to 11, so let's push margin up to 111%
how about 9-9-9%? stupid sheeple seem to love that shit.
nah he's black like on TV, so he's a good vehicle to expunge that YT guilt
The CME hiked the rates 26% after market close Friday,by rights WE should be seeing lower prices,appears thistime, NO DICE.
Silver busting 35.30
Call me when we are back at 50.
It will get there.
Probably not on the COMEX.
Probably not before it sees $20 again.
We've been listening to you fools for years now, they were able to keep the balloon underwater at 30$ for one night before it popped back up. It's ok though, you all change your names so we can't use your previous hack job predictions against you. You've only been making these calls for a few months so you have a few more to go before your credibility is gone and you have to change your name. Only Trav has the ballz to endure his mis calls, and it just makes him use that many more swear words in his posts.
Ah, okay. Sorry if my forecast differs from yours. I'm not emotionally involved with PMs, so I don't get pissed off when someone disagrees with my forecast. But, according to the PM bugs, we should be at gold $2500 and silver $100 by now. All I try do say is that gold and silver move up and down, period. I see a deflationary environment ahead where all asset classes depreciate. No one can predict the future, all we can do is seek out information, analyze it, and form conclusions to use for our strategy.
Don't get your panties in a wad just because we disagree on the path that metals will take. It ain't personal. I think eventually gold and silver will skyrocket, relative to other assets. I just don't think the time is now.
If you think you see a deflationary environment ahead, then you, like Denninger and Bernanke, have your head up your ass.
The only thing I see deflating in today's environment (of a collapsing fiat monetary system) is the credibility of those who keep vainly and ignorantly calling for monetary or price deflation.
Repeat after me: THERE IS NO SUCH THING AS DEFLATION UNDER A FIAT CURRENCY REGIME. There never has been, and all rational expectations, and examination of monetary history, points to there never being any in the future as well. Show me one example of a true deflation under a fiat currency regime (and no, Japan was NOT one), and I will shut up. Until then, it is you who should shut up and stop babbling about "threats" that have never been seen in the real (non-academic) world, and overwhelmingly likely never will.
But paper is different from physical. There is absolutely no reason that paper gold and silver wouldn't go straight to zero on a COMEX or CME collapse (MF Global style, even). But physical will benefit from the readjustment, so much so that those holding silver will move up two classes in society, whether from lower class to wealth, from middle class to ultra wealthy, or from upper class to oligarch. Assuming proportional investment, of course.
Well, tm, I think that is a given. Although I would not call it a sign of "deflation" so much as the unraveling of a giant and unsustainable fraud, just another collapse of a criminal Ponzi scheme.
Honestly, I wish these historically ignorant deflationary flat-earthers would finally just shut the fuck up already about the nonexistent "threat of deflation" --- it is intellectually insulting and demeaning to even have to address their fantasies, lies and disinformation.
PS: Dear WonderDawg, the owners and advocates of gold are probably not so much "emotionally attached" to holding gold as they are, oddly, emotionally attached to the idea of NOT being financially raped blind by a criminal and unsustainable Ponzi-esque, and collapsing, monetary system which was set up in the interests of central bankers and the financial elite and directly against the interests of the common man.
Funny how you kneejerk gold naysayers continually mock and disparage the rational self-interest of those in the gold camp as merely blind emotion and/or greed, a la Jon Nadler.
You can call me names all you want, akak, it only proves my point about being emotional. Time will tell who is right. Mathematics is what I'm using for my forecast, along with some common sense. You think that TPTB will choose to print their way out of this mess. I say they won't, and can't even if they wanted to. Again, you don't have a crystal ball, and neither do I. I do have a position in physical PMs, and plan to add to it when I think we're near the bottom. The fact that I disagree with you on this matter is no cause to get bent out of shape, yet you continue to do so, which tells me that, yes, you are emotionally attached to your PMs. Bully for you. I'm not.
The Fed has one product. FRNs. They will ultimately choose not to destroy it until they have a sufficient replacement, which they do not have at this time. Until that time, I expect fluctuations, but ultimately a depreciation prior to a shot to the moon. You disagree. Big deal. I'm not going to lose any sleep over it. And I really don't care what you're tired of hearing about. Plenty of people are probably tired of your incessant calls for PMs to the moon. I'm one of them. But, I respect your right to voice your opinion. If I disagree, I'll say so without really giving a shit what you don't want to hear.
You can call me names all you want, akak, it only proves my point about being emotional.
Time will tell who is right. Mathematics is what I'm using for my forecast, along with some common sense.
The Fed has one product. FRNs. They will ultimately choose not to destroy it until they have a sufficient replacement.
Plenty of people are probably tired of your incessant calls for PMs to the moon
Plenty of people are probably tired of your incessant calls for PMs to the moon
I have NEVER made any such calls, and in fact have mocked them myself --- primarily because such people tend to suffer from fiat tunnel vision, and foolishly continue to measure the value of all things against depreciating fiat currencies. I care not a whit what the price of gold is --- what really matters is its value, which is a very different concept than some nominal dollar figure. Gold at $10,000 an ounce will be no cause for celebration if the price of a gallon of milk reaches $30 at the same time.
so $60 is out for next week?
Repeat that lie a few more times. Maybe your idol, Hitler, was right, and one day it will come true.
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