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IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???

 
Anonymous Coward
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09/28/2014 10:03 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
The cost of producing gold is around $1200. If it goes below that, physical buying greatly accelerates while the mines shut down. Eventually the papr price and the physical price take off in different directions. Right now they are letting the dollar rise to steal money through inflation.

Keep stacking and BTFD
Anonymous Coward
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09/28/2014 10:13 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
The strong dollar is, to a great degree, a function of the US sanctions.
Europe is going to suffer a lot more which makes the dollar a safer bet.
Agree?
 Quoting: Anonymous Coward 56865887


100%. Our brilliant leaders are destroying the world economies. The last thing the USA (and the world) needs is a strong dollar yet these boneheads are causing it. Actually, there seems to be a perfect storm of events causing it. Sanctions, neg interest rates in Europe, a fairly stable USA economy with the FED planning to start raising rates, etc.
 Quoting: Punk-A$$ets


Random observations and possibilities.

Chinese leverage increases with the increase in value of dollar holdings.
Any international trade can still have the funds to be cleared in dollars without SWIFT. ? I would guess.

The M1 and M2 velocity of money continues to plunge according to St Louis Fed. That seems like an odd result if the economy was robust.
Record people not looking for work and other contradictory data.

Dollar has soared and oil plunged since ISIS showed results.

Coincident metals like copper signaled decline in silver.
So many variables. How does it all tie in?
Punk-A$$ets  (OP)

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09/28/2014 10:25 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
The strong dollar is, to a great degree, a function of the US sanctions.
Europe is going to suffer a lot more which makes the dollar a safer bet.
Agree?
 Quoting: Anonymous Coward 56865887


100%. Our brilliant leaders are destroying the world economies. The last thing the USA (and the world) needs is a strong dollar yet these boneheads are causing it. Actually, there seems to be a perfect storm of events causing it. Sanctions, neg interest rates in Europe, a fairly stable USA economy with the FED planning to start raising rates, etc.
 Quoting: Punk-A$$ets


Random observations and possibilities.

Chinese leverage increases with the increase in value of dollar holdings.
Any international trade can still have the funds to be cleared in dollars without SWIFT. ? I would guess.

The M1 and M2 velocity of money continues to plunge according to St Louis Fed. That seems like an odd result if the economy was robust.
Record people not looking for work and other contradictory data.

Dollar has soared and oil plunged since ISIS showed results.

Coincident metals like copper signaled decline in silver.
So many variables. How does it all tie in?
 Quoting: Anonymous Coward 56865887


Most excellent observations. Your first point really snuffs out any chance the dollar dies anytime soon (I myself am not a dollar doomer - not yet). Because the settlement is still denominated in dollars. This speaks volumes. Cant have an ocean wave without water.

To me everything else just points to even more capital pouring into the USA & dollar. Lower energy costs help consumers too.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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09/28/2014 10:28 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Punk...its me aVian

I bought more silver on Friday

we gonna have our day

Silvertards we ride!!
Punk-A$$ets  (OP)

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09/28/2014 10:32 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Punk...its me aVian

I bought more silver on Friday

we gonna have our day

Silvertards we ride!!
 Quoting: Anonymous Coward 63095126


Hey man! Good to hear from ya! Oh hell yeah. Im still looking for $6200 gold and $150 silver but we just gotta get through this dollar spike 1st. I think some of these folks dont know how to take me. Im bullish as hell AFTER we get this dollar spike over and done with.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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09/28/2014 10:37 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Yeah, been considering buying more silver myself. Punk, do you see it going any lower than where it is now? Thanks.
Punk-A$$ets  (OP)

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09/28/2014 10:43 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Yeah, been considering buying more silver myself. Punk, do you see it going any lower than where it is now? Thanks.
 Quoting: Anonymous Coward 36892348


Yes, I do. As low as $900ish for gold and $14ish for silver. But a stacker keeps on stacking on down days IMO. Forget about the prices. Im only here to open peoples eyes and maybe prevent newbies from feeling devastated if another fall comes. God knows the metal pumping sites dont give a shit. They were bullish all the way down even when we broke down through $1550 - which was the kiss of death.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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United States
09/28/2014 10:49 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
ebola may take Western African mines off production. Imagine how ebola would spread with a dozen guys underground together.

Indian holiday season along with low prices and their shift to silver due to tariffs could increase silver demand. SD bullion reports high sales in US. Seems demand at these levels has greatly increased.

Demand increase versus supply decrease. Big short positions. Will copper firm? Grains firm? If so, the shorts could begin facing headwinds.

Negative interest rates finally take away the argument that gold doesn't pay interest, because now the retort is, "gold doesn't lose interest."
Punk-A$$ets  (OP)

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09/28/2014 11:00 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
ebola may take Western African mines off production. Imagine how ebola would spread with a dozen guys underground together.

Indian holiday season along with low prices and their shift to silver due to tariffs could increase silver demand. SD bullion reports high sales in US. Seems demand at these levels has greatly increased.

Demand increase versus supply decrease. Big short positions. Will copper firm? Grains firm? If so, the shorts could begin facing headwinds.

Negative interest rates finally take away the argument that gold doesn't pay interest, because now the retort is, "gold doesn't lose interest."
 Quoting: Anonymous Coward 56865887


Its all over with if we all get ebola so kiss ur ass goodbye.

Indian holiday/ wedding season and us bullion demand are meaningless nonsense at this point IMO. Not a reason to buy metals. Its fluff from metals pumping, leg humping bulls - or worse, shills. Sorry, thats the way I view it.

I think there is a glut of supply yet but short positions are building and thats good for now. I say we are getting close to a bottom for grains. Maybe 10% lower??? Lots of upside ahead there IMO.

We better see if rates rise in the USA over the next year. If they do, look out below TEMPORARILY. If not, could be THE bottom for metals. A strong dollar is NOT good for economies so it would ultimately kill the USA economy which IS good for gold.

So, it seems we need the strong dollar 1st to get things in motion.

Last Edited by Punk-A$$ets on 09/28/2014 11:06 AM
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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United States
09/28/2014 11:14 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
To any who still believe that silver is NOT manipulated I say this.

Silver being both an industrial and investment metal with all in mining/refining costs in the $22 range should tell you something.

That something is the financial powers that be do not want true price discovery.

Basic deductive reasoning says such a duality of uses would (should) enable the price of silver to float relatively consistently in a range near to or above its all in extraction costs.

In other words, if the economy is "growing" at plus 4% as claimed then industrial applications for the metal should be a force driving up the price.

If fears of inflation a fiat devaluation or outright collapse of currency are a concern then its investment demand should drive the price.

Oddly /sarc neither appears to be the case.

So yeah, there's no manipulation. It's just us tinfoil hat wearing conspiracy theorists imagining smoke where there is none.
Anonymous Coward
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09/28/2014 11:17 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
You're so full of shit OP

Fucking goldtards...
Anonymous Coward
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09/28/2014 11:19 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
aVian

dollar spike should be over soon...

keep stacking...you numismatic business will run again once this is over

aVian
Punk-A$$ets  (OP)

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09/28/2014 11:22 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
To any who still believe that silver is NOT manipulated I say this.

Silver being both an industrial and investment metal with all in mining/refining costs in the $22 range should tell you something.

That something is the financial powers that be do not want true price discovery.

Basic deductive reasoning says such a duality of uses would (should) enable the price of silver to float relatively consistently in a range near to or above its all in extraction costs.

In other words, if the economy is "growing" at plus 4% as claimed then industrial applications for the metal should be a force driving up the price.

If fears of inflation a fiat devaluation or outright collapse of currency are a concern then its investment demand should drive the price.

Oddly /sarc neither appears to be the case.

So yeah, there's no manipulation. It's just us tinfoil hat wearing conspiracy theorists imagining smoke where there is none.
 Quoting: Anonymous Coward 45874141


Why fight it though? I mean if the charts are are showing the support levels and every trader in the world sees those charts like a language, why not just let it happen? I agree there is manipulation but because this is like a language the prices are going there anyhow. Inflation and scarcity will eventually spark a new rally to new highs. Its the nature of our monetary system.
Gold Prices:

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

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United States
09/28/2014 11:22 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
You're so full of shit OP

Fucking goldtards...
 Quoting: Anonymous Coward 41752945




Last Edited by Punk-A$$ets on 09/28/2014 01:38 PM
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
09/28/2014 11:25 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
aVian

dollar spike should be over soon...

keep stacking...you numismatic business will run again once this is over

aVian
 Quoting: Anonymous Coward 63095126


I shut it down. Doing better trading at the moment. No shit. lol
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 63095126
United States
09/28/2014 11:27 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
good on you brother...see ya around...maybe I will re-register here
Anonymous Coward
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09/28/2014 11:37 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
I switched my whole portfolio a few days ago into gold shares in south african mining companies ... hoping to make 15%+ before christmas as their shares are super low due to the recent mining strikes

gold is at a 9 month low .... mines are struggling, Indians will be buying gold in bulk soon (Diwali and weddings etc etc)....

those who control the gold price will let it 'spike' up .... like they always do, as they have to

I have been trading gold for more than 20 years (make 12-15% per switch, twice a year)

am yet to be proved wrong, but anything can happen hiding
Anonymous Coward
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09/28/2014 11:46 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
To any who still believe that silver is NOT manipulated I say this.

Silver being both an industrial and investment metal with all in mining/refining costs in the $22 range should tell you something.

That something is the financial powers that be do not want true price discovery.

Basic deductive reasoning says such a duality of uses would (should) enable the price of silver to float relatively consistently in a range near to or above its all in extraction costs.

In other words, if the economy is "growing" at plus 4% as claimed then industrial applications for the metal should be a force driving up the price.

If fears of inflation a fiat devaluation or outright collapse of currency are a concern then its investment demand should drive the price.

Oddly /sarc neither appears to be the case.

So yeah, there's no manipulation. It's just us tinfoil hat wearing conspiracy theorists imagining smoke where there is none.
 Quoting: Anonymous Coward 45874141


Why fight it though? I mean if the charts are are showing the support levels and every trader in the world sees those charts like a language, why not just let it happen? I agree there is manipulation but because this is like a language the prices are going there anyhow. Inflation and scarcity will eventually spark a new rally to new highs. Its the nature of our monetary system.
 Quoting: Punk-A$$ets


I don't think you can fight it. So long as the dollar maintains its preeminence as reserve currency we are powerless to fight it.

More fiat can be thrown at any and all "problems" such as alternative currencies until they are pummeled into capitulation.

Everything changes eventually however, history has shown this.

True price discovery will come to pass in the future. Likely, discovery will come about when the BRICS scrap using the dollar and switch to straight currency swaps in mutually agreed alternative currency(ies).

IF, however OPEC dumps the petro dollar as its exchange medium all bets are off much sooner.

PM'S might well come to shine again as the US/EU attempt to block conversion to a competitor currency/basket of currencies. This may well force an switch to "backed" currency which historically favors gold/silver.
Anonymous Coward
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09/28/2014 11:48 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
To any who still believe that silver is NOT manipulated I say this.

Silver being both an industrial and investment metal with all in mining/refining costs in the $22 range should tell you something.

That something is the financial powers that be do not want true price discovery.

Basic deductive reasoning says such a duality of uses would (should) enable the price of silver to float relatively consistently in a range near to or above its all in extraction costs.

In other words, if the economy is "growing" at plus 4% as claimed then industrial applications for the metal should be a force driving up the price.

If fears of inflation a fiat devaluation or outright collapse of currency are a concern then its investment demand should drive the price.

Oddly /sarc neither appears to be the case.

So yeah, there's no manipulation. It's just us tinfoil hat wearing conspiracy theorists imagining smoke where there is none.
 Quoting: Anonymous Coward 45874141


Why fight it though? I mean if the charts are are showing the support levels and every trader in the world sees those charts like a language, why not just let it happen? I agree there is manipulation but because this is like a language the prices are going there anyhow. Inflation and scarcity will eventually spark a new rally to new highs. Its the nature of our monetary system.
 Quoting: Punk-A$$ets


I completely agree - why fight it? The system will fail under its own weight at some point. This is as near to a mathematical certainty as one can get.

I think precious metal enthusiasts are just so frustrated with the ability of the powerful financial interests to "kick the can" that they are losing sight of the big picture. PM investment is long term. Sure, we all could not imagine back in 2010-2011 how they could save silver and gold from being released from their shackles. Over the last three years, it has just amazed me how they have held shit together.

They may be able to do it for even several more years.

But it is inevitable that those shackles will be released. You cannot buck fundamental laws forever, like the law of supply and demand.
Feistylorax

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United States
09/28/2014 11:49 AM

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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Im too poor to afford Gold but I have stacked quite a bit of silver thanks to the low price. I believe the "strong dollar" is just a sign of the impending crash. I am hoping that silver is near a bottom, but I am watching for the housing crash for the sign that it will be spiking.
There seems to be a direct negative correlation between the housing market and the price of precious metals. Since I plan on turning my silver into a home, I am eagerly anticipating. Yet I look at this as a learning experience. the more I learn about the market the more I learn to play it later for profit.
“Unless someone like you cares a whole awful lot, Nothing is going to get better. It's not.”
Dr. Seuss, The Lorax

ENTP
SAHM raising chickens and kids preparing for whatever happens
Anonymous Coward
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09/28/2014 11:50 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
To any who still believe that silver is NOT manipulated I say this.

Silver being both an industrial and investment metal with all in mining/refining costs in the $22 range should tell you something.

That something is the financial powers that be do not want true price discovery.

Basic deductive reasoning says such a duality of uses would (should) enable the price of silver to float relatively consistently in a range near to or above its all in extraction costs.

In other words, if the economy is "growing" at plus 4% as claimed then industrial applications for the metal should be a force driving up the price.

If fears of inflation a fiat devaluation or outright collapse of currency are a concern then its investment demand should drive the price.

Oddly /sarc neither appears to be the case.

So yeah, there's no manipulation. It's just us tinfoil hat wearing conspiracy theorists imagining smoke where there is none.
 Quoting: Anonymous Coward 45874141


Why fight it though? I mean if the charts are are showing the support levels and every trader in the world sees those charts like a language, why not just let it happen? I agree there is manipulation but because this is like a language the prices are going there anyhow. Inflation and scarcity will eventually spark a new rally to new highs. Its the nature of our monetary system.
 Quoting: Punk-A$$ets


I don't think you can fight it. So long as the dollar maintains its preeminence as reserve currency we are powerless to fight it.

More fiat can be thrown at any and all "problems" such as alternative currencies until they are pummeled into capitulation.

Everything changes eventually however, history has shown this.

True price discovery will come to pass in the future. Likely, discovery will come about when the BRICS scrap using the dollar and switch to straight currency swaps in mutually agreed alternative currency(ies).

IF, however OPEC dumps the petro dollar as its exchange medium all bets are off much sooner.

PM'S might well come to shine again as the US/EU attempt to block conversion to a competitor currency/basket of currencies. This may well force an switch to "backed" currency which historically favors gold/silver.
 Quoting: Anonymous Coward 45874141


As I was typing my previous reply, I see this excellent comment was added.

Once again, completely agree.

Look on the bright side - just gives us more time to stack, at fire sale type prices. Life is good.
Punk-A$$ets  (OP)

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09/28/2014 01:15 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
good on you brother...see ya around...maybe I will re-register here
 Quoting: Anonymous Coward 63095126


There is still money in it but its gotten to be too much work for the moment. I cashed up for 6 months and plan on metal detecting colonial plantations in my area. Yes, reregister. I cant seem to get logged on over on the other site.
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
09/28/2014 01:18 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
I switched my whole portfolio a few days ago into gold shares in south african mining companies ... hoping to make 15%+ before christmas as their shares are super low due to the recent mining strikes

gold is at a 9 month low .... mines are struggling, Indians will be buying gold in bulk soon (Diwali and weddings etc etc)....

those who control the gold price will let it 'spike' up .... like they always do, as they have to

I have been trading gold for more than 20 years (make 12-15% per switch, twice a year)

am yet to be proved wrong, but anything can happen hiding
 Quoting: Anonymous Coward 62946111


Yeah man. I'm doing my best just buying in near bottoms and using trailing stops. Really finicky right now with the miners. The juniors do show amazing strength and I hope its real but doubting it.
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
09/28/2014 01:22 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
To any who still believe that silver is NOT manipulated I say this.

Silver being both an industrial and investment metal with all in mining/refining costs in the $22 range should tell you something.

That something is the financial powers that be do not want true price discovery.

Basic deductive reasoning says such a duality of uses would (should) enable the price of silver to float relatively consistently in a range near to or above its all in extraction costs.

In other words, if the economy is "growing" at plus 4% as claimed then industrial applications for the metal should be a force driving up the price.

If fears of inflation a fiat devaluation or outright collapse of currency are a concern then its investment demand should drive the price.

Oddly /sarc neither appears to be the case.

So yeah, there's no manipulation. It's just us tinfoil hat wearing conspiracy theorists imagining smoke where there is none.
 Quoting: Anonymous Coward 45874141


Why fight it though? I mean if the charts are are showing the support levels and every trader in the world sees those charts like a language, why not just let it happen? I agree there is manipulation but because this is like a language the prices are going there anyhow. Inflation and scarcity will eventually spark a new rally to new highs. Its the nature of our monetary system.
 Quoting: Punk-A$$ets


I don't think you can fight it. So long as the dollar maintains its preeminence as reserve currency we are powerless to fight it.

More fiat can be thrown at any and all "problems" such as alternative currencies until they are pummeled into capitulation.

Everything changes eventually however, history has shown this.

True price discovery will come to pass in the future. Likely, discovery will come about when the BRICS scrap using the dollar and switch to straight currency swaps in mutually agreed alternative currency(ies).

IF, however OPEC dumps the petro dollar as its exchange medium all bets are off much sooner.

PM'S might well come to shine again as the US/EU attempt to block conversion to a competitor currency/basket of currencies. This may well force an switch to "backed" currency which historically favors gold/silver.
 Quoting: Anonymous Coward 45874141


I cant get my head around how the dollar gets toppled. Thats too much to comprehend. Martin Armstrong has shown how all these guys can stop dealing in the dollar but as a whole its just a fraction of international INVESTMENT which is based in dollars. Total international investment is ginormous and again, its all based in dollars - eventually.
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
09/28/2014 01:26 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
To any who still believe that silver is NOT manipulated I say this.

Silver being both an industrial and investment metal with all in mining/refining costs in the $22 range should tell you something.

That something is the financial powers that be do not want true price discovery.

Basic deductive reasoning says such a duality of uses would (should) enable the price of silver to float relatively consistently in a range near to or above its all in extraction costs.

In other words, if the economy is "growing" at plus 4% as claimed then industrial applications for the metal should be a force driving up the price.

If fears of inflation a fiat devaluation or outright collapse of currency are a concern then its investment demand should drive the price.

Oddly /sarc neither appears to be the case.

So yeah, there's no manipulation. It's just us tinfoil hat wearing conspiracy theorists imagining smoke where there is none.
 Quoting: Anonymous Coward 45874141


Why fight it though? I mean if the charts are are showing the support levels and every trader in the world sees those charts like a language, why not just let it happen? I agree there is manipulation but because this is like a language the prices are going there anyhow. Inflation and scarcity will eventually spark a new rally to new highs. Its the nature of our monetary system.
 Quoting: Punk-A$$ets


I completely agree - why fight it? The system will fail under its own weight at some point. This is as near to a mathematical certainty as one can get.

I think precious metal enthusiasts are just so frustrated with the ability of the powerful financial interests to "kick the can" that they are losing sight of the big picture. PM investment is long term. Sure, we all could not imagine back in 2010-2011 how they could save silver and gold from being released from their shackles. Over the last three years, it has just amazed me how they have held shit together.

They may be able to do it for even several more years.

But it is inevitable that those shackles will be released. You cannot buck fundamental laws forever, like the law of supply and demand.
 Quoting: Anonymous Coward 47482280


I could have written that word for word. I highlighted the things that stand out to me. Long term big time. I call it life time stacking. All of my permanent savings is in physical PMs. If somehow i need to dip into it, I'll sell some.
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
09/28/2014 01:29 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Im too poor to afford Gold but I have stacked quite a bit of silver thanks to the low price. I believe the "strong dollar" is just a sign of the impending crash. I am hoping that silver is near a bottom, but I am watching for the housing crash for the sign that it will be spiking.
There seems to be a direct negative correlation between the housing market and the price of precious metals. Since I plan on turning my silver into a home, I am eagerly anticipating. Yet I look at this as a learning experience. the more I learn about the market the more I learn to play it later for profit.
 Quoting: Feistylorax


Excellent post. Silver has a bright future. We're all just nutters to most until the next run up.

Last Edited by Punk-A$$ets on 09/28/2014 01:51 PM
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
RythymRing
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09/28/2014 06:49 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
I freaked out in 2004 and that is when I brought most of my Gold $420oz & Silver 7.20oz. I will be buying more on this downturn. Btw great thread, thanx
Feistylorax

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United States
09/30/2014 03:38 AM

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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Im too poor to afford Gold but I have stacked quite a bit of silver thanks to the low price. I believe the "strong dollar" is just a sign of the impending crash. I am hoping that silver is near a bottom, but I am watching for the housing crash for the sign that it will be spiking.
There seems to be a direct negative correlation between the housing market and the price of precious metals. Since I plan on turning my silver into a home, I am eagerly anticipating. Yet I look at this as a learning experience. the more I learn about the market the more I learn to play it later for profit.
 Quoting: Feistylorax


Excellent post. Silver has a bright future. We're all just nutters to most until the next run up.
 Quoting: Punk-A$$ets


Punk Assets~ what is your perspective with the new trade agreement with the euro~Chinese non dollar trade agreement? I am of the opinion that the market volatility is going up and that that one key event might be before the elections, though there are a lot patterns that show the manipulations continuing... the market the past 3 days it was open for example...
“Unless someone like you cares a whole awful lot, Nothing is going to get better. It's not.”
Dr. Seuss, The Lorax

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Anonymous Coward
User ID: 63426102
United States
09/30/2014 04:06 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
I am waiting for some impoverished shit hole that has been squealing like a pig for the banksets for decades. Comes out and says hey , we are going to stand for delivery on 100 million ounces, that should push the price of silver up and let us get out of debt for once and all. Would love it if about 10 countries or more did it , all at once )
Punk-A$$ets  (OP)

User ID: 30559668
United States
09/30/2014 06:57 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Im too poor to afford Gold but I have stacked quite a bit of silver thanks to the low price. I believe the "strong dollar" is just a sign of the impending crash. I am hoping that silver is near a bottom, but I am watching for the housing crash for the sign that it will be spiking.
There seems to be a direct negative correlation between the housing market and the price of precious metals. Since I plan on turning my silver into a home, I am eagerly anticipating. Yet I look at this as a learning experience. the more I learn about the market the more I learn to play it later for profit.
 Quoting: Feistylorax


Excellent post. Silver has a bright future. We're all just nutters to most until the next run up.
 Quoting: Punk-A$$ets


Punk Assets~ what is your perspective with the new trade agreement with the euro~Chinese non dollar trade agreement? I am of the opinion that the market volatility is going up and that that one key event might be before the elections, though there are a lot patterns that show the manipulations continuing... the market the past 3 days it was open for example...
 Quoting: Feistylorax


I think those trade agreements are but a small fraction of the total world transactions. Worldwide INVESTMENT is far far larger. So, I dont think it means much. I learned this from Martin Armstrong. He wrote an article about how everyone in the world has borrowed in dollars (because they were cheap to pay back at the time) and so everyone is short the dollar as a result. He calls it the largest short position in history. So now the domino has been toppled and the dollar has started its remarkable rise. He's saying it'll more than DOUBLE from here so I just dont think the metals have a chance while people sell off their losers to get dollars to unwind positions. I'll try to find the writing I speak of.

Last Edited by Punk-A$$ets on 09/30/2014 06:57 AM
Gold Prices:

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





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