"The Decade of EPIC Begins"
That's gold, Jerry! Gold!
Awesome, SGS, thanks for the post. I can't watch this right now, but I will after some morning errands.. Further comments coming shortly ;)
I love Mike Maloney! Soft spoken and comes across as having high credibility. I am enjoying my purchase of AGQ yesterday. If silver goes up to $50 again AGQ will go up by 50%. Then I can sell a bit and buy more physical silver.
Very compelling !
Still sticking with these numbers:Ledbedder said... With today's current price of 39.72 in SIU11, it broke out of a small wedge. If it manages to hold gains through the night sessions, then that move should take us to 40.40 then up to challenge 42.295. Then up to 44-45. Time frame is currently unknown. August 15, 2011 4:08 PM Currently 40.58--first target easily hit.
I love Maloney and his approach.I don't like having gold and silver either, love riding the trend though...
the attacks on G @ S begin....will be an ugly rest of week...
So Led, don't you see a retrace from 40.40ish before moving-on-up?
Money, my dear friends, is STRICTLY arbitrary. Never forget, that "the thing that separates man from animal is money" (Gertrude Stein). No matter what type of money you take into account, "it has no inherent value outside of a cultural context." (The History of Money, Jack Weatherford - page 20) I highly recommend that everyone read this. It doesn't matter who you are. It's a fresh perspective, unlike any other book out there (to my knowledge). Just watch this presentation. Gold and silver will end in a bubble. It will disastrous for anyone who does not sell while they're ahead, and/or at the peak (if you can time that properly - which will require luck more than skill). Start getting rid of your PHYYZZZ when everyone you speak to tells you they just made "the best purchase of their life with silver/gold, because it will never go down".Be happy you bought now, silver is going to explode to the upside in the very short term. It could be manipulated down to $35/oz, but it's going above $60/oz. Cheers!
almost got top ticked and slammed. what will friday close bring us? slv @ 39.01 i'll bet
Wow, there really is something about that $40.00 mark that somebody does not like! Look at all the times silver tried and broke that level but then got smashed down into the $39 range.
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Ha scratch that comment... although not sure if that was a retracement as much as an assfucking. Or possibly the first in a, erm, "train" - is the word? Not up with the lingo....
A friend of mine wants to purchase a few .9999 (yes that's 4 nines) Royal Canadian Minted 100 oz bars. The broker said four nines (.9999) are perceived as "better" than the three nines (.999) of the Johnson Matheys.Is there any truth to this. I only buy ASEs and junk silver. I don't know anything about bars. Thanks in advance for your replies.
@Anthemius: anything can happen. Though I'm sticking with the price targets to the upside, looking for retracements now has to be a daily battle.
50% retrace on that gay ass red candle from $41-$37...great, nothing like painting charts.
"You wired me awakeAnd hit me with a hand of broken nailsYou tied my lead and pulled my chainTo watch my blood begin to boilBut I'm gonna breakI'm gonna break myI'm gonna break my rusty cage and run"
This is a really great video. Thanks for posting!
Video freezes at 1:17
The video is interesting but he's massaging it a bit. @ 20min he mentions that there is only 1/14th an ounce of silver per person. This is bullshit. He's either talking about investment grade silver being held or world production. World production of silver last year was around 700x10^6 ounces, about 1/10oz per person per year. I think there's about 1x10^9 oz of investment grade.I'm fully sold on fiat being a ponzi scheme, but by saying that it undermines the message.
I just finished watching it. I have to say that I think he did a fantastic job. Remember that he is speaking to financial novices. Most people in the room did not know what Price to Earnings ratio is - and that is his target audience - the common man who has been conned. I think Mike Maloney has a tremendous mission and he is doing a fantastic job!
@Adam Chalmers .9999 is preferred by solar industry etc... But if the economy goes tank, then it wont matter. Best to own rarer proof mints you can get at almost spot, as this probably be not counterfeited and therefore when you go to sell, people will believe its real and pay more for it!So its technically numismatic, but make sure you never pay more than 10% over spot!