SGE raises Silver and Gold margin "to prevent excessive volitility"
Most likely because after this weeks historical equities crash, these will go the moon? Something big this way cometh. Asia CDS's now ballooning. Good thing I picked up those AIG puts at 3:59 on Friday;)
The Relative Strength Index (RSI), looks terrible for gold & silver right now. Caution should be taken. If you're in stocks, take it on a case by case basis. GCZ11 currently $1887 and SIZ11 currently at $42.295.
Have a read of this main stream media BS. This article just goes to show that most people have no idea about how the monetary system actually works.
This is shallow journalism and D grade financial advice at its best. The powers at be are trying everything to discourage gold investment in order to keep the ponzi scheme afloat that little bit longer so they can rape a few more sheeple.
I just bought some more at 1865. Margin hikes just wont work this time. Everybody is ready for them. There were no insiders selling prior to information came public. The correction was overbought massive.
Please lets pass the hat around for Warren, he's loosing on his BAC investment. He's got to be sweating bullets and on the red phone to the plunge protection team. Easy come easy go bitchez! I'm glad he sold his soul, oops I mean gold! Time for warren to shed some skin.
Bank of America: Buffett Premium All Gone, and Then Some http://blogs.wsj.com/marketbeat/2011/09/06/bank-of-america-buffett-premium-all-gone-and-then-some/?mod=yahoo_hs
It appears that the SGE is just as aggressive (or more so) as the CME to raise limits. What ever happened to all the hype a month ago about the China connection and price discovery - LOL. Think about it, China is on a gold and silver buying binge, why would they want to pay a higher price for gold. Nothing's changed, just keep the price high enough to keep the small man out so the Chinese Gov can load up. Panacea - Not! Conclusion - keep stacking!
gold bounces about $50 in 10 mins in wee hours, back then back up ... silver getting no love
ReplyDeleteThe Relative Strength Index (RSI), looks terrible for gold & silver right now. Caution should be taken. If you're in stocks, take it on a case by case basis. GCZ11 currently $1887 and SIZ11 currently at $42.295.
ReplyDeleteHave a read of this main stream media BS. This article just goes to show that most people have no idea about how the monetary system actually works.
ReplyDeleteThis is shallow journalism and D grade financial advice at its best. The powers at be are trying everything to discourage gold investment in order to keep the ponzi scheme afloat that little bit longer so they can rape a few more sheeple.
http://www.watoday.com.au/business/dump-your-gold-in-favour-of-shares-20110906-1jvl5.html
I am now in possession of the 1oz Perth Mint Dragons.
ReplyDeleteThese coins are astoundingly beautiful.
I'm going to try my best to secure another batch of 1oz.
I have the same feeling I had when I received my first tube of silver coins (2010 American Silver Eagles).
Fellow silver bugs, I have two words for you: "Get Them".
I just bought some more at 1865. Margin hikes just wont work this time. Everybody is ready for them. There were no insiders selling prior to information came public. The correction was overbought massive.
ReplyDeleteHUI to close the gap today, and I believe even rise above the new high of Friday.
ReplyDeleteI would be looking for equities to break those lows and make quick money on that before going long gold/silver short term.
ReplyDeletePlease lets pass the hat around for Warren, he's loosing on his BAC investment. He's got to be sweating bullets and on the red phone to the plunge protection team. Easy come easy go bitchez! I'm glad he sold his soul, oops I mean gold! Time for warren to shed some skin.
ReplyDeleteBank of America: Buffett Premium All Gone, and Then Some
http://blogs.wsj.com/marketbeat/2011/09/06/bank-of-america-buffett-premium-all-gone-and-then-some/?mod=yahoo_hs
Why the fuck is tuesday always a red day for phyzz? I hate tuesdays...developing...
ReplyDeleteIt appears that the SGE is just as aggressive (or more so) as the CME to raise limits. What ever happened to all the hype a month ago about the China connection and price discovery - LOL. Think about it, China is on a gold and silver buying binge, why would they want to pay a higher price for gold. Nothing's changed, just keep the price high enough to keep the small man out so the Chinese Gov can load up. Panacea - Not! Conclusion - keep stacking!
ReplyDelete