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Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:

 
Anonymous Coward (OP)
User ID: 488191
United States
12/18/2008 12:31 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
US Dollar Index Futures Spot Pr(NYBOT: DX-Y.NYB)
Index Value: 78.21
Trade Time: 12:29AM ET
Change: 0.70 (0.88%)
Prev Close: 80.683
Open: 79.719
Day's Range: 78.21 - 78.46
52wk Range: N/A
Anonymous Coward (OP)
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United States
12/18/2008 12:35 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Like a brick...

I hear coins clanging when I see this thread pop up...


[link to www.youtube.com]

like this :)


Im all right Jack
keep your hands off of my stack

Grab that cash with both hands
and make a stash

money

so they say...

is the

root of

all evil

today
 Quoting: floydian slip 549045

............lol
Anonymous Coward (OP)
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12/18/2008 12:39 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
How deflation creates Hyperinflation
by Eric deCarbonnel

I keep reading about the dollar being a "new multi-year bull market" and that the US is headed for "Japan style deflation". Frankly, it is a little tiring. The people making these arguments should know better.

Deflation VS Hyperinflation

Yes, there is debt deflation, and the overall money supply is shrinking as a result. However, those calling for "multi-year bull market" for the US dollar are insane. These individuals need to review basic monetary theory. The money supply is only one of three factors that determine whether prices rise or fall. The other two are the changes in the velocity of money and the real output of the economy. The danger of hyperinflation lies in a dramatic increase in the velocity of money due to a loss of confidence, not in changes in the money supply.

Confidence and the velocity of money

When confidence in an issuing authority crumbles, money starts flowing through the economy at a feverish pace. For example, in normal, noninflationary times the money supply might be equivalent to three months of output, but in a period of hyperinflation it might drop to two weeks worth of output. Since increases in the velocity of money have the same impact on prices as increases in the money supply, a 1000% increase in the velocity of money (typical in any period of hyperinflation) is equivalent to a 1000% increase in the money supply. Due to its effects on the velocity of money, the ebb and flow of confidence have a much greater impact on the short-term trend of prices then changes in the money supply.

Deflation can create Hyperinflation

It is no accident that many of the worst periods of hyperinflation are preceded by deflation. In fiat currencies with high levels of government debt, severe cases of deflation cause a loss of confidence in the nation's currency by shrinking the economy and making the government's debt appear increasingly unsustainable. The loss of confidence then causes the flow of money to speed up as individuals become desperate to exchange cash for real goods as fast as possible, producing hyperinflation.

As an example of deflation leading to hyperinflation, consider the case of the Weimar Republic. In 1920, Germany experienced a deflationary collapse, with the average citizen finding it harder and harder to get enough money for necessities. Banks, short of money, could not honor checks, and businesses were strapped for cash to buy materials and meet payroll. Fearing a collapse that would throw millions of workers out on the street, the German government desperately printed money in an attempt to re-inflate the economy. During this period, despite the government's money printing, the mark actually gained in value against foreign currencies, so that prices of imported goods fell by some 50%.

Eventually, as a result of the money supply's rapid expansion, the nation's massive foreign debt, and the shrinking economy, German citizens lost all confidence in their currency, and the Weimar Republic experienced one of the worst cases of hyperinflation in modern economic history. Billions of hoarded marks came out of hiding and entered the marketplace. The chart below tells the rest of
the story

more...
[link to www.marketskeptics.com]
click on the link for a neato graph as to where we are compared to the Weimar Germs

Im thinking that it will be a small window to cash in gold, you gotta time it right. Dont get to greedy ;) Look how fast it happened in Germany... How fast can it happen with todays technology... ???
 Quoting: floyd 549045

Great Post Floyd
Anonymous Coward (OP)
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12/18/2008 12:46 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Dollar has been averaging 2% loss or better for the last 5 trading session
Anonymous Coward (OP)
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12/18/2008 12:47 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Silver $11.30
Anonymous Coward (OP)
User ID: 488191
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12/18/2008 12:48 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Gold $866
Anonymous Coward (OP)
User ID: 488191
United States
12/18/2008 12:51 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Peter Shiff 12/17/2008 Parts 1-5 Radio show: Good listen

[link to www.youtube.com]
Anonymous Coward
User ID: 573424
United States
12/18/2008 12:52 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Like a brick...

I hear coins clanging when I see this thread pop up...


[link to www.youtube.com]

like this :)


Im all right Jack
keep your hands off of my stack

Grab that cash with both hands
and make a stash

money

so they say...

is the

root of

all evil

today
 Quoting: floydian slip 549045


Just talking about the wall on another thread... The devil on a floydian ship...

we all suffer from bannitis. I remember your av though...
Anonymous Coward
User ID: 573424
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12/18/2008 12:53 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Silver $11.30
 Quoting: Anonymous Coward 488191



I'm not selling until we add two zeros there.
Anonymous Coward (OP)
User ID: 488191
United States
12/18/2008 12:57 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Silver $11.30



I'm not selling until we add two zeros there.
 Quoting: Anonymous Coward 573424

...lol.....Thats What I'm Talking about! ;-)
Anonymous Coward
User ID: 573424
United States
12/18/2008 12:59 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Silver $11.30



I'm not selling until we add two zeros there.

...lol.....Thats What I'm Talking about! ;-)
 Quoting: Anonymous Coward 488191


lol, I know! That is why I come here to listen....
Anonymous Coward (OP)
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12/18/2008 01:04 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
This time last week the Dolla was upside down at 87 now it 78. This time next week we'll be 68

US Dollar Index Futures Spot Pr(NYBOT: DX-Y.NYB)
Index Value: 78.38
Trade Time: 1:01AM ET
Change: 0.52 (0.67%)
Prev Close: 80.683
Open: 79.719
Day's Range: 78.21 - 78.50
52wk Range: N/A
Anonymous Coward
User ID: 573424
United States
12/18/2008 01:07 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
like a brick...
Anonymous Coward (OP)
User ID: 488191
United States
12/18/2008 01:09 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Peter Shiff today said to even grab all of the copper & Nickle you can, its on those parts 1-5 radio show today posted above.

I have one copper investor on this thread that I know of.............................Smart fucking Move!

I have Gold & Silver, I think this depression will be more like the depression of 1873 as opposed to the depression of 1933

Wifey and I are preparing for 20 years of total depression.

With my Military training, I am basically a Surgeon & a Commando, with Silver & Gold, Cabin home, Garden, fish pond, sustainable life support systems, even got NBC suits, gas mask, and CIPRO & Tamiflu

I wish is that everyone here be well prepapred.
Anonymous Coward
User ID: 573424
United States
12/18/2008 01:14 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
We share that wish, but some people... the more you tell them to get ready the more they push you away. Probably teenager right?

This is a country full of spoiled brats that is going to be blindsided, even with all the warnings...

I'm going to listen to the Schiffster.

Nickel should be easy enough, just save nickels, right?
Anonymous Coward (OP)
User ID: 488191
United States
12/18/2008 01:16 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Funny, Peter Shiff and many analyst say get your money out of America. I own Publicly traded shell companies and everyone of them are: Russian Oil, African Diamonds, African Gold & Silver, South American Gold & Diamonds, or Canadian Oil.

It just worked out that way when I buy shell companies foreigners always want to do business with me. I have one company that will start tomorrow on the Pinksheets and frankfurt stock exchange (Listed same rotation with Dr. Peppers Snapple)
Anonymous Coward (OP)
User ID: 488191
United States
12/18/2008 01:18 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
We share that wish, but some people... the more you tell them to get ready the more they push you away. Probably teenager right?

This is a country full of spoiled brats that is going to be blindsided, even with all the warnings...

I'm going to listen to the Schiffster.

Nickel should be easy enough, just save nickels, right?
 Quoting: Anonymous Coward 573424

.........lol nickles can buy silver
Anonymous Coward
User ID: 573424
United States
12/18/2008 01:20 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Smart... America is toxic. Long term, most of the world looks toxic too though... Sounds like you were smart with hard assets so you in a position to play around a little.

I like the fish pond, nice touch..

Crappie? Catfish? Bass? Perch?

Whatchagot?

Schiff is a smart bastard, although if I was a sheeple he would sound like a total maniac. This is probably what I sound like to my family and friends I talk to.
Anonymous Coward
User ID: 573424
United States
12/18/2008 01:21 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
We share that wish, but some people... the more you tell them to get ready the more they push you away. Probably teenager right?

This is a country full of spoiled brats that is going to be blindsided, even with all the warnings...

I'm going to listen to the Schiffster.

Nickel should be easy enough, just save nickels, right?

.........lol nickles can buy silver
 Quoting: Anonymous Coward 488191


Yeah screw nickel. I'm all into silver. Copper is a thing to consider though.
Anonymous Coward (OP)
User ID: 488191
United States
12/18/2008 01:21 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
OK guys, I got Press Releases to verify in about 4 hours, I am doing a World wide promotion for one of my Gold Companies tomorrow.

Frankfurt, Germany get's first crack.

You guys would trip if yall knew who I was...lol

Take care c'ya in a bit

BUY SILVER

Got KMLD?
Anonymous Coward (OP)
User ID: 488191
United States
12/18/2008 01:22 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Smart... America is toxic. Long term, most of the world looks toxic too though... Sounds like you were smart with hard assets so you in a position to play around a little.

I like the fish pond, nice touch..

Crappie? Catfish? Bass? Perch?

Whatchagot?

Schiff is a smart bastard, although if I was a sheeple he would sound like a total maniac. This is probably what I sound like to my family and friends I talk to.
 Quoting: Anonymous Coward 573424
Anonymous Coward
User ID: 573424
United States
12/18/2008 01:25 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Appreciate it... I'll keep up with my copper and silver... I am your small fish.

Funny, cause I had an aquarium service business I sold before I got into school...

Cool, catfish and bass.

Good luck.
Anonymous Coward
User ID: 322321
Mexico
12/18/2008 01:28 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
OP, this guy is not too optimist about Comex Dec. default ??
any comment at all ??

Status of Run on December COMEX Gold/Silver Inventories


-- Posted Tuesday, 16 December 2008 | Digg This Article | Source: GoldSeek.com

By: Bix Weir

I think it's a good time to put things in perspective when it comes to the "Run on the COMEX Gold/Silver". As I have stated before, the “Authorized Warehouse” reported inventory as well as the CFTC reported "delivery notices" are most likely a complete fraud and a true default will never appear in this data until after the gold/silver rocket has taken off.

Having said that, if someone really wanted to beat the cabal by soaking up all the physical metal at the COMEX it looks like this months notices could have taken down the entire fraudulent COMEX MARKET RIGGING SCAM. The only problem was where they focused their attack.

Let me explain:

As of 12/16 the following notices have been given for delivery:

Gold 13,018 contracts or 1,301,800 oz against a TOTAL COMEX gold inventory of 8,553,831oz in both registered and eligible categories. This is interesting but doesn't seem to be back breaking for the COMEX naked shorts. At today's gold price the delivery notices equate to physical gold bullion worth $1,093,512,000.

Silver 5,943 contracts or 29,715,000 oz against a TOTAL COMEX silver inventory of 126,824,117 oz in both registered and eligible categories. Again interesting but doesn't seem to be back breaking. At today's silver price the delivery notices equate to physical silver bullion worth $317,356,200.

Let's assume, for the sake of argument, that all the gold/silver delivery notices were called by the "good guys" who were trying to orchestrate the run and the suppliers of metal were the "bad guys" trying to prolong the COMEX manipulation. It has been shown by many in the GATA camp that the Cabal suppressing the price of gold are the same players suppressing the price of silver. This can be easily seen by comparing the "Authorized Participants" in both SLV and GLD. It's an almost identical gang of white collar mobsters we like to call the "Banking Cabal".

Now let's add up the cash required to take delivery of both gold and silver bullion so far this month:

$1,093,512,000 + 317,356,200 = $1,410,868,200

If the goal of the "good guys" was to destroy the market manipulation on the COMEX clearly throwing $1.4B at the physical gold COMEX holdings would not blow the gold shorts out of the water....BUT WHAT ABOUT SILVER?

$1,410,868,200 / $10.60 per oz = 133,100,774 ounces or 105% of the entire COMEX Warehouse silver stock including those who are just storing their silver there!

Given we know that all the players in gold and silver manipulation are the same....

THE LONG TERM MANIPULATION OF GOLD AND SILVER WOULD BE OVER HAD THE "GOOD GUYS" THROWN ALL THEIR MONEY AT PHYSICAL SILVER INSTEAD OF GOLD!

A few months back I tried to outline the incredible difference in the gold and silver opportunities (Swap All Your Gold For Silver)

It makes you wonder if the "good guys" are simply not ready for the scam to end. Either they are delaying the final blow to load up on as much physical as possible OR they are waiting for a the "moment" when the entire house of cards comes down.

The Atlas Shrugged Moment.
Anonymous Coward
User ID: 322321
Mexico
12/18/2008 01:31 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
OK guys, I got Press Releases to verify in about 4 hours, I am doing a World wide promotion for one of my Gold Companies tomorrow.

Frankfurt, Germany gets first crack.

You guys would trip if you knew who I was...lol

Take care c'ya in a bit

BUY SILVER

Got KMLD?
 Quoting: Anonymous Coward 488191


Great news !! so, its time for you to tell us which/what company is and if we should invest on it lol
Lapis

User ID: 539211
United States
12/18/2008 01:36 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Take care c'ya in a bit

BUY SILVER

Got KMLD?
 Quoting: Anonymous Coward 488191


what can you tell me about KMLD? scottrade has next to no info. seems last trade on that stock was Nov 10? is that right?

hasn't traded above $1.50 all year.

why do you think this will be going up?
Anonymous Coward
User ID: 573424
United States
12/18/2008 02:08 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Take care c'ya in a bit

BUY SILVER

Got KMLD?


what can you tell me about KMLD? scottrade has next to no info. seems last trade on that stock was Nov 10? is that right?

hasn't traded above $1.50 all year.

why do you think this will be going up?
 Quoting: Lapis



This is a mining company.

Well, if metals go up, the demand for mining will go up.


Silver is going to go through the roof. Copper too. I'm all over it, I just wish I had more money.

I am glad I stocked up on food years ago. I would only be worried about that right now if I hadn't.
Lapis

User ID: 539211
United States
12/18/2008 02:35 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Take care c'ya in a bit

BUY SILVER

Got KMLD?


what can you tell me about KMLD? scottrade has next to no info. seems last trade on that stock was Nov 10? is that right?

hasn't traded above $1.50 all year.

why do you think this will be going up?



This is a mining company.

Well, if metals go up, the demand for mining will go up.


Silver is going to go through the roof. Copper too. I'm all over it, I just wish I had more money.

I am glad I stocked up on food years ago. I would only be worried about that right now if I hadn't.
 Quoting: Anonymous Coward 573424


yes, i realize its a mining company. i went to their homepage and looked around.

my question is, why hasn't this stock been traded since november 10th? that seems weird.

also, silver has been going through the roof for about two weeks now and that stock hasn't moved an inch.

just wondering if there is some reason why i should invest in that stock right now? anything special happening?
Anonymous Coward
User ID: 573424
United States
12/18/2008 03:36 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Take care c'ya in a bit

BUY SILVER

Got KMLD?


what can you tell me about KMLD? scottrade has next to no info. seems last trade on that stock was Nov 10? is that right?

hasn't traded above $1.50 all year.

why do you think this will be going up?



This is a mining company.

Well, if metals go up, the demand for mining will go up.


Silver is going to go through the roof. Copper too. I'm all over it, I just wish I had more money.

I am glad I stocked up on food years ago. I would only be worried about that right now if I hadn't.


yes, i realize its a mining company. i went to their homepage and looked around.

my question is, why hasn't this stock been traded since november 10th? that seems weird.

also, silver has been going through the roof for about two weeks now and that stock hasn't moved an inch.

just wondering if there is some reason why i should invest in that stock right now? anything special happening?
 Quoting: Lapis


Silver is not going through the roof at all.

It has barely reached back to what it was in September.

Over the summer it hit $20...

In my opinion, through the roof is over $100.

Invest in physical silver if you have money to invest.
Anonymous Coward (OP)
User ID: 488191
United States
12/18/2008 08:16 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Dollar hit 77 range today and will continue to fall.

US Dollar Index Futures Spot Pr(NYBOT: DX-Y.NYB)
Index Value: 77.98
Trade Time: 8:12AM ET
Change: 0.93 (1.17%)
Prev Close: 78.908
Open: 78.485
Day's Range: 77.69 - 78.96
Anonymous Coward
User ID: 548625
United States
12/18/2008 08:22 AM
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Re: Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:
Dollar hit 77 range today and will continue to fall.

US Dollar Index Futures Spot Pr(NYBOT: DX-Y.NYB)
Index Value: 77.98
Trade Time: 8:12AM ET
Change: 0.93 (1.17%)
Prev Close: 78.908
Open: 78.485
Day's Range: 77.69 - 78.96
 Quoting: Anonymous Coward 488191

OP, went to comex website and am still seeing the 12/12/2008 report. Where did you get the 12/15 numbers and is your web site updated with the graphics?





GLP