Godlike Productions - Discussion Forum
Users Online Now: 2,267 (Who's On?)Visitors Today: 420,441
Pageviews Today: 701,605Threads Today: 267Posts Today: 4,422
09:20 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!

 
Anonymous Coward
User ID: 1298034
United States
01/02/2014 09:24 AM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
All YOU can do is BUY.

If you can afford it BUY at these low levels they will not keep gold here forever
 Quoting: Philligan


what is a good reputable source to buy physical gold and silver at good rates.
Anonymous Coward
User ID: 13841161
United States
01/02/2014 09:39 AM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!

What does this mean? I can think of two explanations:

1: Conventional technical analysis says that the rubber band has been stretched too far to the downside and is due to reverse direction and snap back violently to the upside. According to the article, this means that by comparison to the previous (now broken) record following the Hunt Brothers crash in 1982, silver should now snap back to a price of $65 within 8 months.

I don't buy this explanation. I generally discount any predictions based upon technical analysis in the gold & silver markets, because technical analysis only works if you have free markets. Anybody who has followed these "markets" lately should know by now that we no longer have "free markets", we only have manipulations. The "price" of paper gold & silver is manipulated downward on a daily basis by the Feds.

2: If gold & silver have not been driven to these extreme lows by the "free market", then by whom? By the Fed's manipulations of course. What does this tell us about the Feds motives? It tells us that the Feds have resorted to extreme measures to try to drive the price of gold & silver down. Why? Because the are scared out of their minds of what is coming next and are desperately trying to hold off the inevitable as long as possible. They are scared shitless and are resorting to extremely desperate actions to continue to suppress the price of gold & silver.

Why are they so desperate? Because they know that the game is coming to an end. They know that the Comex and LBMA are almost out of physical gold. They know that "Force Majeure" or default lies directly ahead. They are driving down the "paper price" as fast as they can, because when Comex defaults, the solution is that you will be cash settled at the artificially low "paper price". You will not get anything close to the price of physical gold or silver, which will be going through the roof, when this happens.

Conclusion: The extreme oversold lows in gold & silver is not the result of market forces. Instead, it is the result of the Fed's extreme desperation to suppress the paper price of gold & silver in preparation for a Comex and/or LBMA default.

If you can't hold it in your hand, you don't own it.

See charts and article at: [link to kingworldnews.com]

P.S. I had to use my limited Karma to pin this thread for you. If you appreciate this thread, please help to reload my Karma. Thanks.
 Quoting: Sky Pilot


I think there is a 3rd explanation. The globalist Fed has done this knowingly to set up a situation that will compound the problems for the US dollar when it is time to destroy the current financial system and reset with a global currency.
Anonymous Coward
User ID: 13841161
United States
01/02/2014 09:43 AM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
All YOU can do is BUY.

If you can afford it BUY at these low levels they will not keep gold here forever
 Quoting: Philligan


what is a good reputable source to buy physical gold and silver at good rates.
 Quoting: Anonymous Coward 1298034


APMEX - [link to www.apmex.com]

Gainesville Coins - [link to www.gainesvillecoins.com]
Anonymous Coward
User ID: 40761893
United States
01/02/2014 09:46 AM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
My 5 year old can design a better website...

What is up with GLPers linking to these websites that look like my great grandpa designed it. It breeds distrust...
CatRWall
Deplorable CatRWall

User ID: 6493463
United States
01/02/2014 10:18 AM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
Oh, come on folks. Does nobody realize the significances of this? The Feds are driving the paper price down in order to cash settle you at the fictional paper price. Paper holders will be screwed.

If you don't hold it, you don't own it.
 Quoting: Sky Pilot



It's not that we don't recognize the significance, it's that we're tired of being yanked around by "gold and silver to skyrocket" threads, and kingworldnews articles, and Jim Sinclair newsletters.

Sinclair and KWN and the goldtards of GLP predicted gold would go to $3000 for the two years leading up to its fall back to $1200. They explain that now as manipulation. Ok fine. But what makes you think manipulation won't continue into the future? TPTB have their ways of screwing us little guys, right? I'm sure we're all in agreement there.

Personally, I've got my own little physical gold stash and I'm banking on the fact that China is buying it, just like they're buying U.S. land. When they take over this country I hope to hold onto my own small share of both.

Last Edited by Deplorable CatRWall on 01/02/2014 10:18 AM
CatRWall
Deplorable CatRWall

User ID: 6493463
United States
01/02/2014 10:20 AM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
All YOU can do is BUY.

If you can afford it BUY at these low levels they will not keep gold here forever
 Quoting: Philligan


what is a good reputable source to buy physical gold and silver at good rates.
 Quoting: Anonymous Coward 1298034


Apmex
Philligan
in rainbows

User ID: 2530194
United States
01/02/2014 10:20 AM

Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
All YOU can do is BUY.

If you can afford it BUY at these low levels they will not keep gold here forever
 Quoting: Philligan


what is a good reputable source to buy physical gold and silver at good rates.
 Quoting: Anonymous Coward 1298034


[link to www.apmex.com]

Even better if you have a local coin shop that sells this way you can walk right outwith your goods
Pray for Us Sinners Now and at the Hour of our Death
Philligan
in rainbows

User ID: 2530194
United States
01/02/2014 10:22 AM

Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
My 5 year old can design a better website...

What is up with GLPers linking to these websites that look like my great grandpa designed it. It breeds distrust...
 Quoting: Anonymous Coward 40761893


have you seen the DrudgeReport? Im sure she can design that too and that gets billions of page views a year
Pray for Us Sinners Now and at the Hour of our Death
Lady Jane SmithModerator
Forum Administrator

User ID: 21553989
United States
01/02/2014 11:03 AM

Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
All YOU can do is BUY.

If you can afford it BUY at these low levels they will not keep gold here forever
 Quoting: Philligan


what is a good reputable source to buy physical gold and silver at good rates.
 Quoting: Anonymous Coward 1298034


I have been happy with Gainesville Coins. Do a search for a link.
Fate whispers to the warrior

"You cannot withstand the storm"

the warrior whispers back

"I am the storm"

INTJ-A

Killer Bunny
Lady Jane SmithModerator
Forum Administrator

User ID: 21553989
United States
01/02/2014 11:05 AM

Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
My 5 year old can design a better website...

What is up with GLPers linking to these websites that look like my great grandpa designed it. It breeds distrust...
 Quoting: Anonymous Coward 40761893


It is amazing your 5 year old is so talented. You should encourage his coding abilities at all costs. Who knows? He could be the future for cyber advancements.

Last Edited by LJS on 01/02/2014 11:05 AM
Fate whispers to the warrior

"You cannot withstand the storm"

the warrior whispers back

"I am the storm"

INTJ-A

Killer Bunny
Anonymous Coward
User ID: 47276267
United States
01/02/2014 11:14 AM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
Silver has to be the most manipulated ever. JP Morgan takes most of the blame for that.
Anonymous Coward
User ID: 52343109
Germany
01/02/2014 11:15 AM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
LOL @ those pushers at KWN. You hear the same headlines from them every single day and yet price keeps going down, down and down again.


Gold and silver will go much, much higher but not before gold has re-tested its previous (2008) high.

Think $1200 is oversold? LOL. How do you like $1000?

We're going to $1000 or even below first before we are going back to $1900. That's the only way to get a roaring bull market going (no smart money will sell at $1000). So I really hope we go there, because the current price is no good momentum base for a moonshot.
Anonymous Coward
User ID: 21666897
United States
01/02/2014 11:27 AM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
What's the true goal and motivation of the FED?

There's your answer
Anonymous Coward
User ID: 50473212
United States
01/02/2014 11:36 AM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
All YOU can do is BUY.

If you can afford it BUY at these low levels they will not keep gold here forever
 Quoting: Philligan


what is a good reputable source to buy physical gold and silver at good rates.
 Quoting: Anonymous Coward 1298034


I'd pay cash for gold at a coin store, leaving no paper trail. A lot of NE Ohioans drive to Erie PA to avoid sales tax.

Silver, APMEX is good....
stacker
User ID: 15483798
United States
01/02/2014 11:42 AM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
My only question is to buy with one hand or both hands....
Anonymous Coward
User ID: 40271145
Brazil
01/02/2014 11:59 AM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
I'll bet them stackers are backing the trucks up to loading docks of reputable physical metals sellers at these prices. And exchanging FRNs for the phyz.
Anonymous Coward
User ID: 52310549
Japan
01/02/2014 12:09 PM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
Oh, come on folks. Does nobody realize the significances of this? The Feds are driving the paper price down in order to cash settle you at the fictional paper price. Paper holders will be screwed.

If you don't hold it, you don't own it.
 Quoting: Sky Pilot



It's not that we don't recognize the significance, it's that we're tired of being yanked around by "gold and silver to skyrocket" threads, and kingworldnews articles, and Jim Sinclair newsletters.

Sinclair and KWN and the goldtards of GLP predicted gold would go to $3000 for the two years leading up to its fall back to $1200. They explain that now as manipulation. Ok fine. But what makes you think manipulation won't continue into the future? TPTB have their ways of screwing us little guys, right? I'm sure we're all in agreement there.

Personally, I've got my own little physical gold stash and I'm banking on the fact that China is buying it, just like they're buying U.S. land. When they take over this country I hope to hold onto my own small share of both.
 Quoting: CatRWall


People in this country need to thank those few goldtards like KWN and Sinclair. On the other side the planet their government tells their people to buy gold. When China hoards enough (enough as in 'most US gold') so that they can dictate the price, guess who will be laughing.
EiKcAj

User ID: 24289757
United States
01/02/2014 12:22 PM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
You are talking about PAPER Gold not real gold... that is the issue.

Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!

What does this mean? I can think of two explanations:

1: Conventional technical analysis says that the rubber band has been stretched too far to the downside and is due to reverse direction and snap back violently to the upside. According to the article, this means that by comparison to the previous (now broken) record following the Hunt Brothers crash in 1982, silver should now snap back to a price of $65 within 8 months.

I don't buy this explanation. I generally discount any predictions based upon technical analysis in the gold & silver markets, because technical analysis only works if you have free markets. Anybody who has followed these "markets" lately should know by now that we no longer have "free markets", we only have manipulations. The "price" of paper gold & silver is manipulated downward on a daily basis by the Feds.

2: If gold & silver have not been driven to these extreme lows by the "free market", then by whom? By the Fed's manipulations of course. What does this tell us about the Feds motives? It tells us that the Feds have resorted to extreme measures to try to drive the price of gold & silver down. Why? Because the are scared out of their minds of what is coming next and are desperately trying to hold off the inevitable as long as possible. They are scared shitless and are resorting to extremely desperate actions to continue to suppress the price of gold & silver.

Why are they so desperate? Because they know that the game is coming to an end. They know that the Comex and LBMA are almost out of physical gold. They know that "Force Majeure" or default lies directly ahead. They are driving down the "paper price" as fast as they can, because when Comex defaults, the solution is that you will be cash settled at the artificially low "paper price". You will not get anything close to the price of physical gold or silver, which will be going through the roof, when this happens.

Conclusion: The extreme oversold lows in gold & silver is not the result of market forces. Instead, it is the result of the Fed's extreme desperation to suppress the paper price of gold & silver in preparation for a Comex and/or LBMA default.

If you can't hold it in your hand, you don't own it.

See charts and article at: [link to kingworldnews.com]

P.S. I had to use my limited Karma to pin this thread for you. If you appreciate this thread, please help to reload my Karma. Thanks.
 Quoting: Sky Pilot


When people have the choice to chose... they chose wrong...
Anonymous Coward
User ID: 770992
Canada
01/02/2014 01:36 PM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
Idiots they can counterfeit any amount that they wish. Its been going on for over 12,000 years. geez!

Moraniac

User ID: 49523243
United States
01/02/2014 02:29 PM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
IF it isn't confiscated, then they force you to SELL!!!!!!!

:nyse:
 Quoting: SW Fla Pirate


How? I lost mine in a boating accident...
 Quoting: Anonymous Coward 52189654


You too?!?

I tell ya, these rough waters. It's a goddam epidemic. You'd think us GLPers would be smart enough not to take our PMs out on the open water, but alas, we are not.
Winter is Coming.
Anonymous Coward
User ID: 36938205
United States
01/02/2014 02:40 PM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
NO ONE I know is selling physical gold, China and India are buying at record levels and we have this extreme sell off?

 Quoting: Philligan


Hate to break it to you, but my gold dealer told me about a month ago that he can't get rid of it, i.e. nobody is BUYING.

Yeah.

So, where does that leave things?

Not looking good.
Phoenix Rising
User ID: 52352123
United States
01/02/2014 02:56 PM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
Awesome its about time. I think this move is also pointing towards a CURRENCY RESET AND REVALUATION.


Gold and Silver needs to be higher if its going to back up a currency in a GOLD and SILVER (PM) STANDARD. I expect the PMs to continue to go higher because we are headed for a GLOBAL CURRENCY RESET in the next 60 Days.


5a
Anonymous Coward
User ID: 29232331
United States
01/02/2014 03:10 PM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
All YOU can do is BUY.

If you can afford it BUY at these low levels they will not keep gold here forever
 Quoting: Philligan


what is a good reputable source to buy physical gold and silver at good rates.
 Quoting: Anonymous Coward 1298034


Best on the planet: [link to www.texmetals.com (secure)]
They don't sell what they don't stock. This is a major problem with a lot of the other PM dealers. People pay and then wait forever to get their metals.
scottfree

User ID: 51682937
United States
01/02/2014 03:22 PM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
IF it isn't confiscated, then they force you to SELL!!!!!!!

:nyse:
 Quoting: SW Fla Pirate


How? I lost mine in a boating accident...
 Quoting: Anonymous Coward 52189654


You too?

Damn, I feel fer ya bro....
J 17:15: "I pray not that Thou shouldst take them out of the world, but that Thou shouldst keep them from the evil.

Truth, beauty and virtue ... all the things that THEY hate. All the things God loves.
Mukk1234

User ID: 40837657
United States
01/02/2014 03:48 PM

Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
The rubber band has been stretched too far to the upside, it's an over-inflated speculative bubble. Those in the know don't have an interest in stagnating, they bought low, sell high and maybe they'll re-buy low.
 Quoting: Anonymous Coward 41227452


Sorry shill. Physical holders buy and hold. They don't sell based upon fake paper prices.
 Quoting: Sky Pilot


Very true....Physical buyers are on the hold...waiting...

Last Edited by Mukk1234 on 01/02/2014 03:49 PM
Anonymous Coward
User ID: 50650716
United States
01/02/2014 03:53 PM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
Folks, this is important stuff. The only way to predict the gold & silver "markets", is to try to predict the Feds intentions based upon available evidence.
 Quoting: Sky Pilot


The simplest thing is to understand that your fed needs to make your holdings as low as possible.
Their game doesn't work if you are independent of them, so they must devalue every one of you not considered their own kind.
This means they plan on making you insolvent and making any or all of your independent stores of value worthless.
They have no power if you dont need them.
Anonymous Coward
User ID: 50650716
United States
01/02/2014 04:01 PM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
Once they make your personal holdings worthless, they then will demand you pay for the national debt, insuring you cannot and making you all their slaves.
They will confiscate every single possession you have, punish you for any deficit and then revalue everything they took to the moon and beyond.

It is simple, if it's yours it's no value to them.
They want it, but they don't mean to pay you for it, they mean to compare it against your assigned debts and make sure you owe more than you have.
Anonymous Coward
User ID: 51809444
Argentina
01/02/2014 04:16 PM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
All YOU can do is BUY.

If you can afford it BUY at these low levels they will not keep gold here forever
 Quoting: Philligan


what is a good reputable source to buy physical gold and silver at good rates.
 Quoting: Anonymous Coward 1298034

I use silvercoinsellers.blogspot.com to find deals every day
Anonymous Coward
User ID: 51809444
Argentina
01/02/2014 04:16 PM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
opinions are worthless.
"QE WIl crash the dolla"
and look now, gold is even worse than 2 years ago.
opinions are really worthless. follow the chart and the trend
StarF

User ID: 50995569
United States
01/02/2014 04:29 PM
Report Abusive Post
Report Copyright Violation
Re: The Fed Is Backed Into a Corner: Gold & Silver Have Reached The Most Extreme Oversold Levels In World History!
[snip]

If you can't hold it in your hand, you don't own it.

[snip]
 Quoting: Sky Pilot


That's the first part. The second part is being able to defend it.

Why do you think they want to disarm the people.

There is plenty of gold in the US. It's just privately owned. Not a problem for a Marxist ("you didn't build that").

If you own anything of tangible value and don't own a gun, you are a fool.


P.S. Even the guns have tangible value and are going up in fiat price.
Star





GLP