carnage prob not over, gold went up 21 early, now down 7; silver down almost a buck, was up decent too ... the experts said SEPT would be epic etc; i love how no one has a crystal ball to predict the elite scum that steal money from suckers like the sheep
the Unit is hilarious, he pumps his cloud deity and vehemently defends the myth of God, yet he comes in here gleefully and gives moment by moment blows to the metals and relishes in the suffering of others, gloating.
So, WU, is your fictional God proud of such puerile flock cock?
@WU - Why do you spam this blog with worthless information? We dont give a fuck about the price if it goes down, we dont give a fuck if it goes up. We stack physical silver and fuck our wives and girlfriends when the price goes up and down. We win either way moron. Now fuck off and go diddle your twat.
Gosh...ain't this a hoot. Silver is now down nearly 30% in three trading days. This is certainly Deflationary.
Lolollolhahahaaaaaaaa
I just had to say that to entertain some of the bloggers. Let's take a look at some real deflationary silver prices compared to present inflationary ones.
Here we can see that at the depths of the depression in 1932 silver fell nearly 50% from 1929. Today, we have a much different picture. Silver's yearly average is up 2.5 times from the beginning of the crisis in 2007.
Again...you can't have deflation in a disintegrating Fiat Monetary System. Just enjoy the wild ride.
srs I dissent that we are not in a depression, yet. lets look at the avg silver prices for the 5 years before 1929 also, and compare to the prices for the 5 years before 2011
opposite trade garry, the banking system is so fragile, and the banks arent lending day to day cash to each other at all, and the fed and euro central bank isn't. the algos will sell to raise cash cause its still a 1 year winning trade as of tonight, but maybe not tomorrow morning
You know the funny part is with all the world banks interconnected and all of them are essentially bankrupt and insolvent, when Greece defaults in the next week or two and once all the earning 3Q earnings reports are out, man what a shit storm we will be in for. I'm glad I hold PM's, at whatever price, only cash in the credit union, a few PM stocks and a couple of option contracts, 6 months of freeze dried food,gallons of bottled water and filters and several hundred rounds! I think our bases are covered!
Good luck, I truly think were going to need it! We are getting very close!
malcolm, i think silver and gold have 20% more from here to go down, but if there is a major currency manipulation announcement right as greek defaults, at that point, we could recover some of the gold losses at least very quickly
September 16, 2011 John Williams Shadowstats.com Filed under: Dollar Crisis, Hyperinflationary Depression, Inflation, John Williams shadowstats, Social Security and Medicare — totallygroovygirlfriday @ 1:05 am
John Williams has released a new commentary. You pay for the good stuff, but here is the punch line (and it ain’t funny):
- Consumer Inflation at Three-Year High - August’s Annual Inflation: 3.8% (CPI-U), 4.3% (CPI-W), 11.4% (SGS) - “Core” Inflation Jumped Again with Some Acceleration - Real Retail Sales Fell 0.3% in August - August’s 0.2% Production Gain Was a 0.1% Loss Against Initial September Reporting
Real inflation rate is scary! Savers in retirement are totally screwed. Earning, if they are lucky, a 3-4% return, but expenses are up 11.4%. Healthcare is probably higher. That’s an 8% gap.
How in the world is a consumer-based economy going to grow long-term, when the main consumers (boomer and retiree) are losing money on their savings, living expenses are rising monthly, and they are not working again in their life time?
Global printing of fiat currencies can not be contained to the country that started it, so it will be hard to drain. The Fed’s goal of printing money to raise asset prices will backfire into higher consumer prices. And, voila….real inflation is at 11.4%.
This is not going to end well.
On the bright side, as long as you can work for your current living expenses, your savings stored in physical precious metals will eventually met the true inflation rate. Groovygirl and others use John Williams inflation-adjusted prices of gold and silver to determine if gold and silver is cheap or expensive. We do this because the last time gold and silver hit highs in the late 70′s and early 80′s, they were actually meeting the inflation-adjusted cost of the dollar at that time.
According to Mr. Williams the inflation-adjusted dollar price of gold should be $8,639 and silver should be $503 per oz. They are super cheap. The ups and downs in the prices are just noise and an opportunity to buy to hold long-term.
Retail sales look like they are heading for another downturn.
The M3 (money supply stat that the gov stopped issuing) is still contracting, signally what most economists are now acknowledging: we are in a downturn, not a recovery.
Mr. Williams is just waiting for the dollar dumping to start, which will signal a hyperinflation. A hyperinflation is an extreme increase in consumer expenses and a severe depression in debt. We are already heading down this road, we just have not come to the cliff yet.
gold has great resistance at 1200, but silver has weaker 20, 14, and 9. I know I will be an immediate buyer of silver at 14 or below. so lets hope we have the time to make money to exploit it Worst case scenario:: with all the people buying nowadays, it can't last below 14 longer than the period between delivery months plus one month , because every dealer in america would simply take delivery and wait 30 days to get physical 400 ounce bars, and then mint coins. That i think, is the last ditch battleground that the morgue cannot beat.
Think of the Lion Theme Song.. the Lion Sleeps tonight. Replace the words with Trolls..lol I won't wake my dear old folks up tonight... Hear the song..lol But the Old Lions will be buying in the morning..lolol Wiping these Ass Fucks Out ! Gotta Love It! Can you hear the song, you dumb fucking trolls..lol While your eating your Fourth child, feeling a little bad over your meal, think about your Punishment in Hell!
thanks doc its interesting that the avergae paper futures price may be 13$ and four months at 13$ would certainly be enough time to unload all their shorts. after that the dealers would have taken delivery and the shortage realized, and the exact thing that is happening the past 5 days, will happen to the upside
bflowers1 I very rarely post links on the site, I am presenting an argument based on game theory and technicals not garbage. I am a phyzz holder and believer, and I have been for 5 years.
Commodity World News Your so Fucked in the Head !, I don't even know what to say ! You get my Punctuations all Mixed Up ! Acting all Concerned !!! If the Market goes down on these metals, they just get Wiped out Faster! And your without Lights and drinking water as well.. Fucking Troll!~ Your A Fucking Stupid, Fucking Troll! Working against yourself! Just because these people pay you to write this Stupid Shit, do you really think they Care about you..! Wake the Fuck Up ! Your in the Very same Slave state we Are ! Wake up! And Grow some Fucking Balls ! If you came Clean, this crowd would help you ! Don't you see we Give a Shit! We Care about Each Other ! The people you work for, don't give a Shit about YOU! Wake the Fuck UP! It takes Balls to do that, but this is a pretty damn good bunch of people! Your real name doesn't have to come out.. Just be Bold , and Save YOURSELF ! BTW, YOUR a BAD TROLL..
malcolm I was Very Drunk last night..lol But I do agree with you.. If you didn't understand my other post.. Your missing some very important parts.. I miss typed ! lol But the Same damn Group ! I like your thinking process.. I don't know why I picked on you, but I thought from a lot of your post, you would know where I was..
@bflowers... hahaha... I just got of the phone with my pops just now as well! We might see $20 by morning. This is a complete paper sell off. Some big fish are getting ready to plunder the worlds physical market like never before. We could see $100 silver by years end still.
bflowers my real name doesn't have to come out? I'm the only person who I've seen has posted on this site with an actual picture of himself next to my name, I've also linked to my facebook before, also the only person to do that. I have a homemade business page on facebook so you can see what I do for work too. Everyone else is paranoid or something, Regardless, this is a precious metals website where people are buying and storing.
@justin that chart is absolutely the living copy of the 2008 chart. i was able to take the blinders off too and I don't think ill sell puts just yet here your chart has 14 as a bottom... BTW I'll be buying some equipment for my business soon
Really don't want to alarm anyone but.............. Every attack such as the Twin Towers and the London Underground coincided with an "exercise" of exactly what happened.
Obama is in Denver attending a DEFCOM 1 "exercise"
Another false-flag action because of the imminent financial collapse?
Just when you thought the LBMA had run-out of Silver.
"The largest consignment of precious metal found in the sea – 200 tonnes of silver worth £148m – has been discovered in the wreck of a British cargo ship sunk by a German U-boat during the Second World War ." Independent Newspaper article.
" SINGAPORE, Sept 26 (Reuters) - Spot gold fell by more than 4 percent and silver suffered its sharpest one-day loss in three years, extending Friday's rout as invstors bolted for the ultimate safe havens of cash and the dollar.
A debt crisis in the euro zone that could infect the global economy is causing a widespread flight to safety that has hammered commodity markets across the board.
Spot gold dropped to $1,582.69 an ounce, bringing losses so far this month to 13 percent, the biggest decline since the financial crisis in October 2008.
Cash silver lost 14 percent to an eight-month low of $26.65, on course for the biggest daily drop in almost three years.
"Many have highlighted the risks of gold being in overbought territory, having gone up in a straight line in the past four years," said Song Seng Wun, a regional economist at CIMB Research in Singapore.
"With recessionary pressure piling up, flight to safety means flight to really safe investments, and those are the U.S. dollar and U.S. Treasuries."
this whole thing is just laughable, silver now rebounding about $3 in less than an hour, gold fighting back a decently too ... I tried to buy 50 maples at 27 with $2 premiums from gold dealer, see if they honor it.
this is colin/gregg/karma ... I am using a diff google sign in bc colin is my pal's name who signed into my account long ago and I never changed it ... I am down in LA for a while, gonna see what the eagles/maples are going for ... was gonna hook up with paidInGold but he had to go back to sf ... let me know what's up price wise in the Emerald
"After stopping in the Seattle area, the president raised money in San Jose, California and has events set for San Diego, Los Angeles and Denver. Obama spent time promoting his $447 billion jobs proposal, which has drawn opposition from Congressional Republicans and a mixed reaction from Democrats."
END THE FED AND ALL ITS FUCKING BANKSTERS...ROT IN HELL BEN..YOU DISGRACE YOUR SOUTHERN ROOTS...FUCK YOU..
ReplyDeleteThey must be totally out of ideas to listen to us frindge dwellers.
ReplyDelete"Federal" "Reserve" "Bank" "System" = 666 The Mark Of The BEAST SYSTEM. You can not buy or sell without it.
ReplyDelete@SGS did you get any 1oz Dragons yet?
ReplyDeleteOk fellow prepers.
ReplyDeletePlease read Turds take on the take down @ http://www.tfmetalsreport.com/blog/2506/whats-really-going
Then read Dan D. take on the correction @ http://thefundamentalview.blogspot.com/2011/09/silvers-worst-one-day-plunge-since-1984.html
and http://thefundamentalview.blogspot.com/2011/09/looking-back-at-last-month-in-gold.html
Get back to me on which one is more likely/valid!
carnage prob not over, gold went up 21 early, now down 7; silver down almost a buck, was up decent too ... the experts said SEPT would be epic etc; i love how no one has a crystal ball to predict the elite scum that steal money from suckers like the sheep
ReplyDeleteThe free song of the day on amazon is: "tragedy's'a'comin" by primus
ReplyDeleteColin said...,
ReplyDeleteWe can predict that the shit will get "WAY FUCKING WORSE" before it get better!
They will not go quietly into the night!
The will crash systems, impoverish countries and destroy governments!
Just got back to my laptop .. $29.13 silver wowsers!
ReplyDeleteIt might be time to sell your gold and buy silver 'stead. Da!!!! ya think?!
This shit's gotta snafu soon, and like a freakin' monster spring bounce!
"Those motherfuckers." SGT BARNES..
ReplyDelete@Paid and felix - getting ready my friends... 4.5 oz AU on standby.
ReplyDeleteIs it strange to masturbate to a live silver chart?
ReplyDeleteHypothetically...
$28.94 and dropping quite rapidly. The raid is on! More rising margin requirements this week.
ReplyDeleteClosing in on the TEENS soon!
...developing...
The News UNIT
$28.65 sorry
ReplyDelete$28.56 sorry.
ReplyDeleteI keep having typo errors here.
$28.47 sorry
ReplyDeleteHoly shit Blythe keep those legs open just a little longer gonna fuck the shit out of these prices!
ReplyDeleteYou guys were right I'm a real dumb ass for selling out. I'm such a loser and I admit it now. Thanks for pointing all that out.
ReplyDelete$28.23 oops
ReplyDelete$28.17
ReplyDeleteThat just looks like it's going down to me but I only have half the picture here. I should be buying with both hands.
$28.13
ReplyDeleteI meant to say $28.10
$28.06
Enough now Highrise is loading up here.
This comment has been removed by the author.
ReplyDeleteshit just became extreme again. europe is going to open to this
ReplyDeleteWill it hit $27.00 ?
ReplyDeleteJust give it about 20 minutes here. Maybe less.
Highrise you are one tough dude I don't want to mess with. I just shudder every time I see my address.
ReplyDeleteBut how do you feel when you see:
$28.02 ?
Keep stackin' boyz! No wait!...Not just yet:
ReplyDeleteAnother dip coming here soon...
....developing...developing...developing...
Poor guy... he only has 49 friends on facebook... https://www.facebook.com/wxunit
ReplyDeleteJust GOOGLE "stormchaser David Casper" also and see my CNN interviews too. You could learn some more about me there.
ReplyDeleteAs for my videos. You have seen them but didn't know it. They go into hiding after their appearances.
the Unit is hilarious, he pumps his cloud deity and vehemently defends the myth of God, yet he comes in here gleefully and gives moment by moment blows to the metals and relishes in the suffering of others, gloating.
ReplyDeleteSo, WU, is your fictional God proud of such puerile flock cock?
@WU - Why do you spam this blog with worthless information? We dont give a fuck about the price if it goes down, we dont give a fuck if it goes up. We stack physical silver and fuck our wives and girlfriends when the price goes up and down. We win either way moron. Now fuck off and go diddle your twat.
ReplyDeletePutting it all in perspective
ReplyDeleteGosh...ain't this a hoot. Silver is now down nearly 30% in three trading days. This is certainly Deflationary.
Lolollolhahahaaaaaaaa
I just had to say that to entertain some of the bloggers. Let's take a look at some real deflationary silver prices compared to present inflationary ones.
Average Yearly Silver Prices
1929 = $0.488
1930 = $0.330
1931 = $0.304
1932 = $0.254
1933 = $0.437
1934 = $0.544
------------
2007 = $13.38
2008 = $14.99
2009 = $14.67
2010 = $20.18
2011 = $36.36
------------
Here we can see that at the depths of the depression in 1932 silver fell nearly 50% from 1929. Today, we have a much different picture. Silver's yearly average is up 2.5 times from the beginning of the crisis in 2007.
Again...you can't have deflation in a disintegrating Fiat Monetary System. Just enjoy the wild ride.
Any other data you can find?
ReplyDeleteYou are about to be a loser but haven't realized that yet. You will soon enough...
ReplyDeleteI must be a serial PM purchaser! I bought Friday, Saturday and if this keeps up, Ill be buying on Monday, Cheers!
ReplyDeleteThis comment has been removed by the author.
ReplyDeletesrs I dissent that we are not in a depression, yet. lets look at the avg silver prices for the 5 years before 1929 also, and compare to the prices for the 5 years before 2011
ReplyDeleteEven the algos by now must thinking about buying soon.
ReplyDeleteopposite trade garry, the banking system is so fragile, and the banks arent lending day to day cash to each other at all, and the fed and euro central bank isn't. the algos will sell to raise cash cause its still a 1 year winning trade as of tonight, but maybe not tomorrow morning
ReplyDeleteThis comment has been removed by the author.
ReplyDeletethe technical analysis of the chart says it is going through the fastest and strongest liquidation event ever in chart history. algos won't buy that
ReplyDeleteYou know the funny part is with all the world banks interconnected and all of them are essentially bankrupt and insolvent, when Greece defaults in the next week or two and once all the earning 3Q earnings reports are out, man what a shit storm we will be in for. I'm glad I hold PM's, at whatever price, only cash in the credit union, a few PM stocks and a couple of option contracts, 6 months of freeze dried food,gallons of bottled water and filters and several hundred rounds! I think our bases are covered!
ReplyDeleteGood luck, I truly think were going to need it! We are getting very close!
malcolm, i think silver and gold have 20% more from here to go down, but if there is a major currency manipulation announcement right as greek defaults, at that point, we could recover some of the gold losses at least very quickly
ReplyDeletehttp://totallygroovygirlfriday.wordpress.com/2011/09/16/john-williams-shadowstats-com/
ReplyDeleteSeptember 16, 2011
John Williams Shadowstats.com
Filed under: Dollar Crisis, Hyperinflationary Depression, Inflation, John Williams shadowstats, Social Security and Medicare — totallygroovygirlfriday @ 1:05 am
John Williams has released a new commentary. You pay for the good stuff, but here is the punch line (and it ain’t funny):
- Consumer Inflation at Three-Year High
- August’s Annual Inflation: 3.8% (CPI-U), 4.3% (CPI-W), 11.4% (SGS)
- “Core” Inflation Jumped Again with Some Acceleration
- Real Retail Sales Fell 0.3% in August
- August’s 0.2% Production Gain Was a 0.1% Loss Against Initial September Reporting
Real inflation rate is scary! Savers in retirement are totally screwed. Earning, if they are lucky, a 3-4% return, but expenses are up 11.4%. Healthcare is probably higher. That’s an 8% gap.
How in the world is a consumer-based economy going to grow long-term, when the main consumers (boomer and retiree) are losing money on their savings, living expenses are rising monthly, and they are not working again in their life time?
Global printing of fiat currencies can not be contained to the country that started it, so it will be hard to drain. The Fed’s goal of printing money to raise asset prices will backfire into higher consumer prices. And, voila….real inflation is at 11.4%.
This is not going to end well.
On the bright side, as long as you can work for your current living expenses, your savings stored in physical precious metals will eventually met the true inflation rate. Groovygirl and others use John Williams inflation-adjusted prices of gold and silver to determine if gold and silver is cheap or expensive. We do this because the last time gold and silver hit highs in the late 70′s and early 80′s, they were actually meeting the inflation-adjusted cost of the dollar at that time.
According to Mr. Williams the inflation-adjusted dollar price of gold should be $8,639 and silver should be $503 per oz. They are super cheap. The ups and downs in the prices are just noise and an opportunity to buy to hold long-term.
Retail sales look like they are heading for another downturn.
The M3 (money supply stat that the gov stopped issuing) is still contracting, signally what most economists are now acknowledging: we are in a downturn, not a recovery.
Mr. Williams is just waiting for the dollar dumping to start, which will signal a hyperinflation. A hyperinflation is an extreme increase in consumer expenses and a severe depression in debt. We are already heading down this road, we just have not come to the cliff yet.
gold has great resistance at 1200, but silver has weaker 20, 14, and 9. I know I will be an immediate buyer of silver at 14 or below. so lets hope we have the time to make money to exploit it
ReplyDeleteWorst case scenario:: with all the people buying nowadays, it can't last below 14 longer than the period between delivery months plus one month , because every dealer in america would simply take delivery and wait 30 days to get physical 400 ounce bars, and then mint coins. That i think, is the last ditch battleground that the morgue cannot beat.
Is JP Morgan Attempting to Extricate Themselves from 120M oz Naked Short Silver Position Prior to Oct 4th CFTC Announcement on Position Limits?
ReplyDeleteIf so, can they take the paper futures price to $13, their average short position?
Think of the Lion Theme Song.. the Lion Sleeps tonight. Replace the words with Trolls..lol I won't wake my dear old folks up tonight... Hear the song..lol But the Old Lions will be buying in the morning..lolol Wiping these Ass Fucks Out ! Gotta Love It! Can you hear the song, you dumb fucking trolls..lol While your eating your Fourth child, feeling a little bad over your meal, think about your Punishment in Hell!
ReplyDeletethanks doc its interesting that the avergae paper futures price may be 13$ and four months at 13$ would certainly be enough time to unload all their shorts. after that the dealers would have taken delivery and the shortage realized, and the exact thing that is happening the past 5 days, will happen to the upside
ReplyDeletebflowers1 I very rarely post links on the site, I am presenting an argument based on game theory and technicals not garbage. I am a phyzz holder and believer, and I have been for 5 years.
ReplyDeleteWill(iam) the Death Child, OK Malcolm your the Only one that will get this..lol Yes I drink..lol With what we know, who wouldn't Drink! lol
ReplyDelete(Will I,Am) Arthur !
ReplyDelete...on a long enough timeline, everything resets back to zero...
ReplyDeleteKeep goin baby!
bflowers,
ReplyDeletedid you ever check out The Ring Of Power?
This is incredible!
ReplyDeleteCommodity World News Your so Fucked in the Head !, I don't even know what to say ! You get my Punctuations all Mixed Up ! Acting all Concerned !!! If the Market goes down on these metals, they just get Wiped out Faster! And your without Lights and drinking water as well.. Fucking Troll!~ Your A Fucking Stupid, Fucking Troll! Working against yourself! Just because these people pay you to write this Stupid Shit, do you really think they Care about you..! Wake the Fuck Up ! Your in the Very same Slave state we Are ! Wake up! And Grow some Fucking Balls ! If you came Clean, this crowd would help you ! Don't you see we Give a Shit! We Care about Each Other ! The people you work for, don't give a Shit about YOU! Wake the Fuck UP! It takes Balls to do that, but this is a pretty damn good bunch of people! Your real name doesn't have to come out.. Just be Bold , and Save YOURSELF ! BTW, YOUR a BAD TROLL..
ReplyDelete@Malcolm. I would agree with the fundamental view if the world was not up creek without a paddle. Turks view makes wolf of sense.
ReplyDeletemalcolm I was Very Drunk last night..lol But I do agree with you.. If you didn't understand my other post.. Your missing some very important parts.. I miss typed ! lol But the Same damn Group ! I like your thinking process.. I don't know why I picked on you, but I thought from a lot of your post, you would know where I was..
ReplyDeletethis is fuckin fantastic...
ReplyDelete60:1 ratio... time to unload the gold!
ReplyDeletemalcolm You and I know where the rabbit hole goes... We have the same thought process.. I'm waiting on the new site to share information..
ReplyDeletehighrise408 I hate to wake my dad up in the middle of the night, but I just did..lolol Buying another moster box... !
ReplyDeletebflowers,
ReplyDeleteI cant wait!
@Malcolm. My Alcyone silver mine shares got hit big I am thinking of getting more to average it out.
ReplyDelete@bflowers... hahaha... I just got of the phone with my pops just now as well! We might see $20 by morning. This is a complete paper sell off. Some big fish are getting ready to plunder the worlds physical market like never before. We could see $100 silver by years end still.
ReplyDeletebflowers my real name doesn't have to come out? I'm the only person who I've seen has posted on this site with an actual picture of himself next to my name, I've also linked to my facebook before, also the only person to do that. I have a homemade business page on facebook so you can see what I do for work too. Everyone else is paranoid or something, Regardless, this is a precious metals website where people are buying and storing.
ReplyDeleteThis comment has been removed by the author.
ReplyDelete@Commodity World News,
ReplyDeleteVery admirable.
@paulo,
I would!
@ Bflowers,
Give CWN a break, hes on our side!
Was that it.... is it over?
ReplyDeleteJustin,
ReplyDeleteWelcome back! I must say, I didnt believe you! This shit is really impressive. I think I owe you a beer or something?
Are you making out like a bandit?
@justin that chart is absolutely the living copy of the 2008 chart. i was able to take the blinders off too and I don't think ill sell puts just yet here your chart has 14 as a bottom... BTW I'll be buying some equipment for my business soon
ReplyDelete@Justin - Nice charts. Seriously. Well done. I hope we see $15-$18 by the end of the week.
ReplyDeleteReally don't want to alarm anyone but..............
ReplyDeleteEvery attack such as the Twin Towers and the London Underground coincided with an "exercise" of exactly what happened.
Obama is in Denver attending a DEFCOM 1 "exercise"
Another false-flag action because of the imminent financial collapse?
DEFCON 1 (nuclear war imminent)
georgesilver said...
ReplyDeleteI gonna hit the sack after this, but...
According to Benajmin Fulford, the deep underground bases in Co and VA, were hit by nukes not earth quakes.
Just when you thought the LBMA had run-out of Silver.
ReplyDelete"The largest consignment of precious metal found in the sea – 200 tonnes of silver worth £148m – has been discovered in the wreck of a British cargo ship sunk by a German U-boat during the Second World War ." Independent Newspaper article.
@georgesilver - Uhhh... Obama was in California today. That report was from last week.
ReplyDeletehighrise408 said...
ReplyDeleteHe was here in Seattle, I watched Air force One land in Boeing Field. That thing is huge BTW.
Read the last part slowly. LOL!!!
ReplyDelete" SINGAPORE, Sept 26 (Reuters) - Spot gold fell by more than 4 percent and silver suffered its sharpest one-day loss in three years, extending Friday's rout as invstors bolted for the ultimate safe havens of cash and the dollar.
A debt crisis in the euro zone that could infect the global economy is causing a widespread flight to safety that has hammered commodity markets across the board.
Spot gold dropped to $1,582.69 an ounce, bringing
losses so far this month to 13 percent, the biggest decline since the financial crisis in October 2008.
Cash silver lost 14 percent to an eight-month low of $26.65, on course for the biggest daily drop in almost three years.
"Many have highlighted the risks of gold being in overbought territory, having gone up in a straight line in the past four years," said Song Seng Wun, a regional economist at CIMB Research in Singapore.
"With recessionary pressure piling up, flight to safety means flight to really safe investments, and those are the U.S. dollar and U.S. Treasuries."
http://www.reuters.com/article/2011/09/26/markets-precious-idUSL3E7KQ06W20110926
"With recessionary pressure piling up, flight to safety means flight to really safe investments, and those are the U.S. dollar and U.S. Treasuries."
ReplyDeleteMake me wanna cry!
this whole thing is just laughable, silver now rebounding about $3 in less than an hour, gold fighting back a decently too ... I tried to buy 50 maples at 27 with $2 premiums from gold dealer, see if they honor it.
ReplyDeleteMalcolm,
ReplyDeletethis is colin/gregg/karma ... I am using a diff google sign in bc colin is my pal's name who signed into my account long ago and I never changed it ... I am down in LA for a while, gonna see what the eagles/maples are going for ... was gonna hook up with paidInGold but he had to go back to sf ... let me know what's up price wise in the Emerald
thanks
gregg
@malcom - http://www.businessweek.com/news/2011-09-26/obama-tells-donors-partisanship-to-blame-for-holding-up-action.html
ReplyDelete5th Paragraph
"After stopping in the Seattle area, the president raised money in San Jose, California and has events set for San Diego, Los Angeles and Denver. Obama spent time promoting his $447 billion jobs proposal, which has drawn opposition from Congressional Republicans and a mixed reaction from Democrats."
damn he was on the move!
ReplyDeleteTyler Durden's picture
ReplyDeleteShanghai Gold Exchange Hikes Silver Margin By 20%
yep, same ol, same ol.
There are gaps at $19.802 and $14.825.
ReplyDeleteJust seen on national BBC News24 - live, this was a shocker and the BBC were completely unprepared for what this trader said:
ReplyDeletehttp://www.youtube.com/watch?v=aC19fEqR5bA
Led, My Pats lost to Buffalo. I am going to take out my anger by buying some silver today. Where is the bottom almighty ledbetter?
ReplyDelete@999SilverDog: LOL! Classic.
ReplyDelete"Governments don't rule the world, Goldman Sachs rules the world."
On mainstream tv news. Wow. Just a shame he said that USTs were the safe place to put your money when those are already worthless.