Are Gold and Silver gonna keep going down?

[sixoclockhold]

The Globe had a case of fiscal irresponsibility. As we wait for the ECB to print close to a trillion, this is just the effects of we want it all and we will spend your money to get it.

The poor have no choice, yes, bring on more QE, we need our daily bread

The middle class is hanging on by their finger nails with no hope of bettering themselves while drunk on the garbage fed to them, yes bring on more QE if you say it will help.

The rich gingerly applaud as their wealth/control grows over the masses of slaves.

Silver and Gold are breaking the chains that bind each and everyone of us. It may not bring the status of the elite but it sure feels good to not be under their spell.

Update: $70 BILLION A MONTH ECB....Free Fiat for the Rich, come and get it.

[the86d]

Does one pay an "over-spot" price per coin, or bar, or per OZT, or per transaction?

[sixoclockhold]

Does one pay an "over-spot" price per coin, or bar, or per OZT, or per transaction?

Per item, I would imagine you get quantity discount on a huge order but I can't confirm that as I'm only small potatoes.

[sixoclockhold]

So now that it is perfectly clear to everyone other than the blue pill takers, the globe elite will print fiat till the cows come home in ever increasing amounts until that day that there is only two classes of humans.

Super slaves and the global masters.

So what is next in this little control room? I foresee a time in the next 10 years where the slaves revolt, not physically as the firepower of countries far outweighs a mosin or glock. People will begin to use PM's as their daily exchange currency bi-passing all taxes, control in a black market type economy. The world will revert to street vendors or word of mouth to acquire something. In essence everyone goes off grid in an attempt to survive the suppression dealt by the elite.

As we see their agenda now, this off grid currency will indeed deal them the crushing blow that insights global annihilation of the slave inhabitants.

Gold $1,301
Silver $18.43

[Ripon83]

You realize why right?

I was really glad to see a bounce in PMs. I thought about you and the other metal pushers and realized after 3 years of steady declines you needed a dead cat bounce.

Now about that Euro QE you realize why don't you? It's due to a depression like deflationary state that no nation in debt can afford. They must increase money supply to stop the deflation and bring pun stable growth. It worked here as much as our (ready to repeat the depression libertarians) can't understand it.

The Globe had a case of fiscal irresponsibility. As we wait for the ECB to print close to a trillion, this is just the effects of we want it all and we will spend your money to get it.

The poor have no choice, yes, bring on more QE, we need our daily bread

The middle class is hanging on by their finger nails with no hope of bettering themselves while drunk on the garbage fed to them, yes bring on more QE if you say it will help.

The rich gingerly applaud as their wealth/control grows over the masses of slaves.

Silver and Gold are breaking the chains that bind each and everyone of us. It may not bring the status of the elite but it sure feels good to not be under their spell.

Update: $70 BILLION A MONTH ECB....Free Fiat for the Rich, come and get it.

[sixoclockhold]

Rip I think you missed the whole "everyone is poorer" over the last two decades episode. (unless you are the top 10%)

The economic interpretation of it all are irrelevant. The facts are they have spent more on themselves than the slaves can produce. It's now time to print which automatically lowers ones standard of living when you are not the recipient of said printing, which you aren't by any stretch of the imagination. Daily bread while it sustains you doesn't give one status other than slavery.

[Sunday]

As put so perfectly by J. Grueber the voters are stupid. . That is the problem and will always be the problem the main stream media and the Holly wood movies only add to the stupidity.

[sixoclockhold]

Lets Recap:

In the 1st 18 days of January Gold is up 8.2%

Red Headed Step Child Silver is up a whopping 13.95%

With the EU ready to stimulate the rich again with some major QE and followed by the US, more Japan and China....

Fuky Guru sees Gold over $1,320 next Friday and $1,400 in 2 count em, TWO weeks !

Silver lead us to the promised land, please and TY

The same people that think this statement was crazy and without merit are the same people that drink of the kool-aid. They say silly things like the price of Gold works opposite to that of the Dollar or with the price of Oil. The dollar is up more than 1% today and Gold? up .87%

These people don't understand the elite or economics.

Love Fuky Guru

[ohsmily]

While PMs have jumped substantially over the last couple of weeks, everyone's excitement seems to be premature when prices are viewed in the context of the last give years. PMs have jumped EXACTLY like this several times in the same short time frame, then plateaued, and then dropped precipitously. This could simply be another one of those jumps followed by another big fall.

(the most recent big jump is not reflected well in the following chart, but if it were on there, it would look just like some of the other spikes that occurred in the preceding years. In fact, some of the bigger spikes (July-Aug '12 and July- Aug '13 are bigger than the current one [though the current one is still occurring and could catch up with those previous jumps.)...



The current jump is more obvious on this chart and it looks almost identical to what happened March-June '14.



And here is the 2 year. A review of past data shows that the current move is not unprecedented and could easily be followed by another huge drop/correction.

[sixoclockhold]

While PMs have jumped substantially over the last couple of weeks, everyone's excitement seems to be premature when prices are viewed in the context of the last give years. PMs have jumped EXACTLY like this several times in the same short time frame, then plateaued, and then dropped precipitously. This could simply be another one of those jumps followed by another big fall.

(the most recent big jump is not reflected well in the following chart, but if it were on there, it would look just like some of the other spikes that occurred in the preceding years. In fact, some of the bigger spikes (July-Aug '12 and July- Aug '13 are bigger than the current one [though the current one is still occurring and could catch up with those previous jumps)...



The current jump is more obvious on this chart and it looks almost identical to what happened March-June '14.



And here is the 2 year. A review of past data shows that the current move is not unprecedented and could easily be followed by another huge drop/correction.

Silver is mostly an industrial metal. IMO what you see here is in direct correlation to China's economy (the only real economy besides Germany) and Silver being a by-product of increased production of all metals around the world. Throw in a little manipulation and whaala..

[ohsmily]

Silver is mostly an industrial metal. IMO what you see here is in direct correlation to China's economy (the only real economy besides Germany) and Silver being a by-product of increased production of all metals around the world. Throw in a little manipulation and whaala..

You mean "voila?" Anyway, the data for silver is almost an exact copy of the gold charts (just on a different scale) so I am not sure if you are trying to distinguish silver from gold, but they largely follow the same trend. Thus, my comments stand that the spike we are seeing now has happened several times over the last few years...we'll see. My uneducated prediction: We see a plateau of the current prices (or maybe a dollar higher than now) for about 1 month and then sharp drops down to $12-$13 or so.

Here is gold:



Here is silver:

[sixoclockhold]

The East has been at the forefront of the purchase of Gold, inasmuch as the production of Gold like silver has increased, you got a temporary influx of great quantities of Gold coupled with ETF selling, scrap sales and manipulation. We thank our Eastern and Indian partners for swallowing up the monthly supply. As stated before there is an article you can google, peak Gold where as the supply will never be greater than 2015. Fact

Even though demand has equaled supply, the supply was tremendous in both metals, causing some trepidation as to whether it could be integrated in the populous, it was but prices fell.

We have now absorbed this additional supply and demand is only increasing.

TPTB better hope demand doesn't stay high.....

To Da Moon I tells ya.

[sixoclockhold]

Cash is king, dollar atm, but I believe the Yuan will un-peg shortly and explode. We see Chinese banking systems popping up globally to trade the Yuan.

Be ready to buy buy buy

https://www.youtube.com/watch?v=ARXcGRbtI74

[GW]

I'll bet a thousand Iraqi dinars it won't

[kygen]

$1.85 over spot for silver bullion. Decent price?

Local dealer