Paper takedown in Gold/Silver being attempted right now ! | |
Liquidator (OP) User ID: 1315838 United States 08/23/2011 03:15 AM Report Abusive Post Report Copyright Violation | |
piper877 User ID: 1393246 United States 08/23/2011 03:18 AM Report Abusive Post Report Copyright Violation | Yeah, I just refreshed Kitco and gold went from even to down $17.50. Wow. I'm guessing it'll find a bid, though and resume, but who knows. Edit--Damn it's really taking a hit now...down $23+ with Silver down almost a dollar. Yikes. :( Last Edited by piper877 on 08/23/2011 03:22 AM |
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Liquidator (OP) User ID: 1315838 United States 08/23/2011 03:31 AM Report Abusive Post Report Copyright Violation | Looks like Gold's coming back a bit now. I'm trying to figure out what's causing this, but it must be as you said...a paper takedown. They need to shake some of the options contract holders by next Monday. If they don't sell and just roll into the October contract it will put more upward pressure on the price. Also if some of those contract holders don't sell and opt for delivery of the physical metal that will put pressure on physical stocks, thus putting upward pressure on the price. This will be the most important week for these metals "ever" ! |
utopia User ID: 1496584 United States 08/23/2011 03:40 AM Report Abusive Post Report Copyright Violation | Money As A Religion The above-detailed process has become so ridiculous that William Grieder, former assistant managing editor of the Washington Post, wrote a book in 1987 entitled, "Secrets of the Temple: How the Federal Reserve Runs the Country" that details how the Controllers have conditioned us to accept this absurd situation. To modern minds," he writes, "it seemed bizarre to think of the Federal Reserve as a religious institution. Yet the conspiracy theorists, in their own demented way, were on to something real and significant. The Fed did also function in the realm of religion. Its mysterious powers of money creation, inherited from priestly forebears, shielded a complex bundle of social and psychological meanings. With its own form of secret incantation, the Federal Reserve presided over awesome social ritual, transactions so powerful and frightening they seemed to lie beyond common understanding. " Mr. Grieder continues, "Above all, money was a function of faith. It required implicit and universal social consent that was indeed mysterious. To create money and use it, each one must believe, and everyone must believe. Only then did worthless pieces of paper take on value. " Do you get it? MONEY is an ILLUSION! Why? Because the gold standard upon which our money is supposed to be based has been eliminated. There's no more gold in Fort Knox. It's all GONE! Now, money really IS only paper!!! In the past, money was supposed to represent something of tangible value. Now it's simply paper i love you:) |
Anonymous Coward User ID: 1512409 United Kingdom 08/23/2011 03:45 AM Report Abusive Post Report Copyright Violation | Yeah, I just refreshed Kitco and gold went from even to down $17.50. Wow. I'm guessing it'll find a bid, though and resume, but who knows. Quoting: piper877 Edit--Damn it's really taking a hit now...down $23+ with Silver down almost a dollar. Yikes. :( Don't give yourself a cardiac arrest watching the paper game. Just buy the physical and hold. Keep buying, dollar-cost-average. |
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dan User ID: 1514621 United States 08/23/2011 04:15 AM Report Abusive Post Report Copyright Violation | Also if some of those contract holders don't sell and opt for delivery of the physical metal that will put pressure on physical stocks, thus putting upward pressure on the price. This will be the most important week for these metals "ever" !" Thank you for what seems to be a bit of insightful information OP and others. I felt some kind of downward trend or change of momentum coming on. This has happened many times, but your explanation seems to make sense in this instance. Take what I say with a grain of salt. As it is only one many possible outcomes. They might try to keep everything stable monetarily, but there will be a physical disaster in the upcoming months that will shake things up a bit(as there have been). This will be the perfect time to implement their "solution" to this mess. The question is, will it be a problem, reaction, solution and everyone is happy. Or, will it be a heartbreaking disaster with a little bit of hope dangled in front of them. Overall though, incremental change is always best or stability and the status quo though. |
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Anonymous Coward User ID: 1512409 United Kingdom 08/23/2011 05:08 AM Report Abusive Post Report Copyright Violation | "They need to shake some of the options contract holders by next Monday. If they don't sell and just roll into the October contract it will put more upward pressure on the price. Quoting: dan 1514621 Also if some of those contract holders don't sell and opt for delivery of the physical metal that will put pressure on physical stocks, thus putting upward pressure on the price. This will be the most important week for these metals "ever" !" Thank you for what seems to be a bit of insightful information OP and others. I felt some kind of downward trend or change of momentum coming on. This has happened many times, but your explanation seems to make sense in this instance. Take what I say with a grain of salt. As it is only one many possible outcomes. They might try to keep everything stable monetarily, but there will be a physical disaster in the upcoming months that will shake things up a bit(as there have been). This will be the perfect time to implement their "solution" to this mess. The question is, will it be a problem, reaction, solution and everyone is happy. Or, will it be a heartbreaking disaster with a little bit of hope dangled in front of them. Overall though, incremental change is always best or stability and the status quo though. People that really need the physical do not go to these markets. These markets are just simply a paper game. |
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Anonymous Coward User ID: 941732 Norway 08/23/2011 07:34 AM Report Abusive Post Report Copyright Violation | WARNING:::: this Gold and Silver rush is a BIG scam There are some ways of investing in gold that do not give you physical possession of the metal itself, but rather a "paper promise" to deliver it to you if you need it. An example of is a certificate program, a pool, or an exchange traded fund. These may be good ways of investing in the precious metal for gains as part of a portfolio, but you must keep in mind that there will be no bullion allocated to you. While you are investing in a physical metal that is supposedly set aside for your money, in reality there is a lot of evidence that there is not enough physical stock to cover all of the money that is invested through these avenues. Article Source: [link to EzineArticles.com] |
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Anonymous Coward User ID: 1506159 United States 08/23/2011 07:59 AM Report Abusive Post Report Copyright Violation | Can't buy 100k worth of food. Gold and Silver can buy just about anything for the last 400 years+ - even food. During the great depression gold tanked, it was NOT used as a means of exchange, food and booze and everyday commodities were far more popular and practical as a means of exchange... |
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Anonymous Coward User ID: 1512845 Greece 08/23/2011 08:22 AM Report Abusive Post Report Copyright Violation | the dna imprinted desire for the metal compounded by the apparent collapse of the toilet roll currency used to purchase the metal suggests only an increase of the price in the immediate medium and long term all other reasons add to this effect the primary reason for me to start purchasing PHYSICAL Au was provided to me in March 2006 "The Federal Reserve stopped publishing M3 statistics in March 2006, saying that the data cost a lot to collect but did not provide significantly useful information" [link to en.wikipedia.org] ONCE THEY STOP TELLING YOU HOW MUCH THEY PRINT, THEY HAVE GONE OVERBOARD GAME OVER KIDS |