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Final gold and silver plunge coming up soon?

 
Punk-A$$ets  (OP)

User ID: 30559668
United States
11/29/2013 11:05 AM
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Re: Final gold and silver plunge coming up soon?
...


What an incredible phenomenon this bitcoin. I have no history to gauge its performance. Therefore I'll stand aside.
 Quoting: Punk-A$$ets


FIAT Money

this to shall pass (fail)
 Quoting: Anonymous Coward 24824817


I def think this will either be shut down or heavily regulated to chase people away.
 Quoting: Punk-A$$ets


The bankers will always have a new ponzi scheme in the works!

Hope you nice day yesterday!
 Quoting: Once4All


I did. You? Leftovers this morning.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 43698054
Germany
11/29/2013 12:15 PM
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Re: Final gold and silver plunge coming up soon?
those neg rates are going to be tough on the fed as well. when it gets to the point that the natural rate should turn negative the fed may find they must tighten instead. if they can't tighten their only ammo against inflation will be to stop printing which will crash the system. if they do tighten the debt payments explode in excess of 1.2 trillion PER YEAR again crashing the economy. the fed is walking a razors edge.
Punk-A$$ets  (OP)

User ID: 30559668
United States
11/29/2013 12:28 PM
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Re: Final gold and silver plunge coming up soon?
those neg rates are going to be tough on the fed as well. when it gets to the point that the natural rate should turn negative the fed may find they must tighten instead. if they can't tighten their only ammo against inflation will be to stop printing which will crash the system. if they do tighten the debt payments explode in excess of 1.2 trillion PER YEAR again crashing the economy. the fed is walking a razors edge.
 Quoting: Anonymous Coward 43698054


It seems we believe many of the same things. Those that believe higher rates will be bad for gold will get a rude awakening when the debts go exponential which I believe they will. IMO rates will rise no matter what they try. Its just time. And the precarious state of affairs will be the fuel to send gold up exponentially as well.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 43698054
Germany
11/29/2013 12:39 PM
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Re: Final gold and silver plunge coming up soon?
i totally agree. higher rates are not necessarily bad for gold. money will come pouring out of bonds as the bubble pops. some of that money is sure to find its way into gold. asian demand coupled with renewed western money flows will be rocket fuel under the price of gold.
Punk-A$$ets  (OP)

User ID: 30559668
United States
11/29/2013 12:50 PM
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Re: Final gold and silver plunge coming up soon?
i totally agree. higher rates are not necessarily bad for gold. money will come pouring out of bonds as the bubble pops. some of that money is sure to find its way into gold. asian demand coupled with renewed western money flows will be rocket fuel under the price of gold.
 Quoting: Anonymous Coward 43698054


Imagine if gold goes below $1000, $900 etc. All these shorts will be put on - these people absolutely convinced we're headed even lower $700, $600...sounds crazy to me. Its going to be an amazing blast off higher when we finally get there. These shorts will cover so fast it'll make their heads spin when this thing takes off.

How do you see silver playing out during this? Do you see it connected at the hip when gold blasts higher?
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 50649883
United States
11/29/2013 01:18 PM
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Re: Final gold and silver plunge coming up soon?
you can't eat gold or silver

5a
 Quoting: Anonymous Coward 1065356


you can eat shit though!
 Quoting: teslafire


only if you're a shithead
Punk-A$$ets  (OP)

User ID: 30559668
United States
12/03/2013 09:04 AM
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Re: Final gold and silver plunge coming up soon?
If these metals dont rally soon that next washout down leg could happen sooner rather than later. Maybe the stock market will roll over and we'll get the PM sector downdraft over with a lot sooner (if its coming). Boy I hope so.

Last Edited by Punk-A$$ets on 12/03/2013 09:05 AM
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
12/09/2013 08:02 AM
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Re: Final gold and silver plunge coming up soon?
The latest few sentences from Larry Edelson:

"As for gold and other precious metals, their time to shine again will soon be here.

Gold is moving toward a major January low. Silver to a major February low.

Once the lows are in, the precious metals will really shine, for in the end, they are not hedges against inflation, but hedges against governments run amok."

He's just one of the cyclical analysts I follow. Whether he's right or not, who knows, just passing it on.

[link to www.moneyandmarkets.com]
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
12/10/2013 08:52 AM
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Re: Final gold and silver plunge coming up soon?
Lets see if gold can break the 50 at $1290 and silver at about 21.20.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
01/28/2014 03:14 PM
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Re: Final gold and silver plunge coming up soon?
looks like the gold and silver tards are all gone but just in case any of them still give a shit I'll post another follow up:

Gold and silver cant seem to break their down trends. They've both rallied back to or just above the top of their trend lines. Unless they break out soon we're going to roll back over and retest $1200/ $18.30 again. I believe $1200 gold will be just as important as $1550 gold was and thats not good news. I still believe we'll see $1000 gold/ $15 silver give or take 10%.

Of course, if youre a regular stacker (likely the best option) this might not matter to you.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 1191185
United States
01/31/2014 05:27 PM
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Re: Final gold and silver plunge coming up soon?
If it goes down to $16, it is time to buy.
Anonymous Coward
User ID: 33796911
Australia
02/03/2014 06:13 AM
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Re: Final gold and silver plunge coming up soon?
Gold has really turned to shit punk assets..
plushtek

User ID: 53029374
Australia
02/03/2014 06:18 AM
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Re: Final gold and silver plunge coming up soon?
[link to www.bloomberg.com]
Anonymous Coward
User ID: 53827025
United States
02/03/2014 07:03 AM
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Re: Final gold and silver plunge coming up soon?
If silver goes too 1000 and gas goes too 70 a gallon do we really win anything ?

Silver and gold both imply there will be a supply chain running too purchase things from with PM's.

Not that it matters , I think long term , my descendants will use the paltry stash of pms I have. Too buy their way into the aristocracy of the future and buy the kool aid peoples descendants on the auction block )
Anonymous Coward
User ID: 51604995
Sweden
02/03/2014 08:35 AM
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Re: Final gold and silver plunge coming up soon?
If silver goes too 1000 and gas goes too 70 a gallon do we really win anything ?

Silver and gold both imply there will be a supply chain running too purchase things from with PM's.

Not that it matters , I think long term , my descendants will use the paltry stash of pms I have. Too buy their way into the aristocracy of the future and buy the kool aid peoples descendants on the auction block )
 Quoting: Anonymous Coward 53827025


That's exactly my thinking too...

Sooner or later, gold and silver will be back. If I'm not still around to gain from my own foresight, then my children will.
Punk-A$$ets  (OP)

User ID: 30559668
United States
02/03/2014 12:35 PM
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Re: Final gold and silver plunge coming up soon?
Gold has really turned to shit punk assets..
 Quoting: Anonymous Coward 33796911


Few people can stand to weather the PM downturn. They forget the DOW was near 6500 just 5 years ago. Gold had its run and needed to rest. It'll be back for another run just like it always does. Gold would have to rise to $2500 based on the 1980 high just to match the GOVT inflation stats. Once gold carves out its bottom it'll rise again. $2500 wont contain the price. I'll bet money it happens (new highs) within the next 5 years. But inflation wont be the real reason gold rises again. It'll be FEAR just like it always is. Then specs will force it to bubble territory again.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
02/10/2014 08:35 PM
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Re: Final gold and silver plunge coming up soon?
Ladies and gentlemen we've decisively broken the downtrend in gold IMO. This in no way changes my view that we'll see lower prices in the future but it does mean we could see a substantial PM rally for the short term. I'll likely put some small money on GDXJ and AGQ for shits and giggles.

Last Edited by Punk-A$$ets on 02/10/2014 08:35 PM
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893





GLP