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agentbluescreen
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« Reply #600 on: April 08, 2011, 10:16:37 AM » |
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Silver heading to $40.50, interesting all this is happening for no apparent reason, right before "Bretton Woods II", coincidence?
There are now many, many very apparent very good reasons: (in fact too many to itemize in detail) -- US Monster Colossal Debt Ceiling Meltdown -- Illegal Expensive War-Criminal Armed Robbery in Libya -- "TBTF" J P Morgan Chase about to go bankrupt over criminal Naked Silver Short Selling fraud -- Illegal private Federal Reserve Company Counterfeiting money to pay off gambling debts -- Washingwhoreland Squandering 8X more than it takes in mass murdering brown people for Likudniks -- Courts criminally stealing savers gold and silver savings for corrupt, thieving politicians -- 6 US military industrial nuclear monsters eating Tokyo -- Wall Street Banksters wildly pillaging the nation and planet like Barberry Pirates -- Colossal private-mercenary InsurerCare™ corporate-welfare fraud scam about to bankrupt American business and workers -- US State and Local governments all about to go bankrupt -- All crops and food being contaminated by military-industrial Tokyo-attack monsters -- Oil prices due to Likudnik middle east robberies inflating the cost of everything that moves need I go on? |
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charrington
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« Reply #601 on: April 08, 2011, 10:48:07 AM » |
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What are you talkin about?
4 April Gold was rattling at the gate of $1,440 o/z
8 April Golds' at $1,474.40 that's a $34.40 difference.
If you think $34 is notin give me $34 in Gold please.
What I was talking about was breaking CLEARLY through a line it's been bouncing off of for months now - and two days in a row the market didn't move but a hair... and it's BEEN "rattling" at the gate since NOVEMBER of last year -- that's what I'm talking about. It's it's not about the price change it's about the movement --- up is always good as I pointed out. Also if you are looking at the charts today .. look a the HUGE divergence right now... eh? My point was it wasn't talking off as some put it till TODAY .... |
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Paranoid Puppet Master
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« Reply #603 on: April 08, 2011, 11:10:08 AM » |
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You're right, another day - another record high... There are now many, many very apparent very good reasons: (in fact too many to itemize in detail)
-- US Monster Colossal Debt Ceiling Meltdown
-- Illegal Expensive War-Criminal Armed Robbery in Libya
-- "TBTF" J P Morgan Chase about to go bankrupt over criminal Naked Silver Short Selling fraud
-- Illegal private Federal Reserve Company Counterfeiting money to pay off gambling debts
-- Washingwhoreland Squandering 8X more than it takes in mass murdering brown people for Likudniks
-- Courts criminally stealing savers gold and silver savings for corrupt, thieving politicians
-- 6 US military industrial nuclear monsters eating Tokyo
-- Wall Street Banksters wildly pillaging the nation and planet like Barberry Pirates
-- Colossal private-mercenary InsurerCare™ corporate-welfare fraud scam about to bankrupt American business and workers
-- US State and Local governments all about to go bankrupt
-- All crops and food being contaminated by military-industrial Tokyo-attack monsters
-- Oil prices due to Likudnik middle east robberies inflating the cost of everything that moves
need I go on?
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charrington
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« Reply #604 on: April 08, 2011, 11:59:12 AM » |
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You're right, another day - another record high...
There is NO doubt it's going higher .. none.. never was. |
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Letsbereal
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« Reply #605 on: April 08, 2011, 12:45:04 PM » |
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charrington
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« Reply #607 on: April 08, 2011, 01:02:01 PM » |
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Chris is a smart person -- I really like that series on how money is debt. |
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Letsbereal
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« Reply #611 on: April 08, 2011, 05:15:24 PM » |
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For the balance: re: Gold & Silver-When To Sell? Real Estate-When To Buy? Mike Maloney http://youtu.be/1C0hYdynjXc
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« Reply #612 on: April 08, 2011, 06:31:28 PM » |
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Silver Shortage This Decade, Silver Will Be Worth More Than Gold http://www.youtube.com/watch?v=-IiarVvZguYJust as gold went from $35 to $850 per ounce in a decade(1969-1980) and palladium went from $200 to nearly $1,000 in just 3 years(1997-2000), we believe over the next decade silver investors will be rewarded greatly.
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 That men do not learn very much from the lessons of history is the most important of all the lessons of history. ~Aldous Huxley |
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« Reply #613 on: April 09, 2011, 03:53:36 PM » |
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When silver hits $55 per oz JPM will default to the tune of $140 Billion. Max Keiser: "The Silver Liberation Army!" - Alex Jones Tv 1/2http://www.youtube.com/watch?v=f8MzXVRAe5U   30 Day gold silver ratio 10 year gold silver ratio 20 year gold silver ratio    Bob Chapman - JPM & HSBC Silver Contract DEFAULT - 04-08-2011http://www.youtube.com/watch?v=v2vQBij7JJY&NR=1JPM and HSBC to default on Silver contracts @ AG $55 - $60 equaling a 140 Billion dollar loss for JPM Full MP3 Download: http://www.proderivat.com/ |
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That men do not learn very much from the lessons of history is the most important of all the lessons of history. ~Aldous Huxley |
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Amos
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« Reply #614 on: April 09, 2011, 04:06:24 PM » |
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here we go, the gig is up, Monday could be a real tell, up $1.29 Friday, climbing the chart and nearly busted $40 right over to $41 the beginning of the end.
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DAVIDE MTL
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« Reply #616 on: April 09, 2011, 05:28:05 PM » |
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might be time to switch your gold for silver, thoughts?
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« Reply #617 on: April 09, 2011, 07:02:04 PM » |
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might be time to switch your gold for silver, thoughts?
Well if you are playing the gold/silver ratio then you should trade gold for silver when the ration is high. Eg. around 1995 you could get 100 oz of silver for 1 oz of gold. Then when the ratio is low like now you get 36 oz of silver for 1 oz of gold, you trade your silver for gold because silver is strong. However the gold and silver markets are about to go bonkers so I'm not exactly sure where the ratio will go. It depends on where you think gold and silver are going to go. It is doubtful that the ratio will get as low as 15 so if silver is going to continue to rise up to $50 per oz then at the present ratio of 36 gold would go to $1800 an oz. At some point they will start frantically trying to manipulate gold or silver back down but I don't think they could manipulate both together. They will have to make a choice, gold or silver. That is when the ratio will start to rise. I think the ratio will drop to around 20 before it starts to rise again. I would buy silver now, watch the ratio drop and trade the silver for gold just before the ratio starts to rise.  The Historic Gold Silver Ratio http://goldbasics.blogspot.com/2010/08/historic-gold-silver-ratio.htmlThe Historical Gold / Silver Ratio and Why It's Time to Buy Silver http://seekingalpha.com/article/206897-the-historical-gold-silver-ratio-and-why-it-s-time-to-buy-silverhttp://news.silverseek.com/SilverSeek/1293692520.php |
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That men do not learn very much from the lessons of history is the most important of all the lessons of history. ~Aldous Huxley |
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feeditup
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« Reply #618 on: April 10, 2011, 04:34:53 PM » |
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Silvers on the move ..
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Facebook is the Barn of the sheep, time to break in, Tare some f**king wool up
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Letsbereal
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« Reply #619 on: April 10, 2011, 10:23:58 PM » |
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« Reply #620 on: April 11, 2011, 11:06:22 PM » |
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*Breaking* Chinese Dumping US Dollars for Scrap Gold Port of Long Beach http://youtu.be/GmAgdx6_GHg
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WakeUpAmerica
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« Reply #621 on: April 11, 2011, 11:17:04 PM » |
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That would be interesting if he had any proof other than random shots of the long beach harbor |
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« Reply #622 on: April 14, 2011, 04:03:12 PM » |
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« Reply #623 on: April 14, 2011, 04:41:58 PM » |
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agentbluescreen
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« Reply #624 on: April 14, 2011, 04:52:38 PM » |
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That would be interesting if he had any proof other than random shots of the long beach harbor
Well these Cash4gold rackets and pawn shops barely pay 20% of spot for anything, so it'd be child's play for Chinese or anyone else to make a killing at buying up scrap. All those empty container ships have a long and expensive trip back home. |
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« Reply #627 on: April 14, 2011, 06:51:43 PM » |
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Gold hits Fresh High as Dollar Falls
14 April 2011, by Virginia M. Harrison - Sydney (MarketWatch) http://www.marketwatch.com/story/gold-hits-fresh-high-as-dollar-falls-2011-04-14Gold futures hit a fresh record in Asian electronic trading on Friday, with futures for June delivery up $7.30, or 0.5%, at $1,479.70 an ounce. Gold surged 1.2% in regular trading in New York on Thursday as the dollar index traded near lows not seen since 2009, while a return of European debt-fears as Greek sovereign credit-default swaps soared also encouraged gold-buyers.
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« Reply #628 on: April 14, 2011, 09:50:11 PM » |
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Gold prices to strike records above $1,600 this year: GFMS
13 April 2011, (AFP) http://uk.finance.yahoo.com/news/Gold-prices-strike-records-1-afp-4107842719.htmlExcerpt:Record breaking gold will likely surge past $1,600 per ounce for the first time later this year, driven by fears over high inflation and low global interest rates, consultancy GFMS forecast Wednesday."We would not be surprised ... to see gold break through $1,600 before the end of the year," said GFMS chairman Philip Klapwijk in the group's latest report. ---- The glamorous precious metal, whose two main drivers are jewellery and investment buyers, is widely regarded as a safe haven in times of economic and political uncertainty, and a good store of value amid soaring inflation. Klapwijk told reporters that in real terms, today's prices were still below historical peaks. Gold trading at $850 an ounce in 1980 was the equivalent of $2,248 in 2010, he said.
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« Reply #629 on: April 15, 2011, 04:42:14 PM » |
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« Reply #631 on: April 16, 2011, 09:03:36 PM » |
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Texas University Endowment Storing About $1 Billion in Gold Bars
15 April 2011, by David Mildenberg and Pham-Duy Nguyen (Bloomberg) http://www.bloomberg.com/news/2011-04-15/texas-university-endowment-holds-almost-1-billion-in-gold-bars.htmlExcerpt:The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board.The fund, whose $19.9 billion in assets ranked it behind Harvard University’s endowment as of August, according to the National Association of College and University Business Officers, added about $500 million in gold investments to an existing stake last year, said Bruce Zimmerman, the endowment’s chief executive officer. The holdings are worth about $987 million, based on yesterday’s closing price of $1,486 an ounce for Comex futures. The decision to turn the fund’s investment into gold bars was influenced by Kyle Bass, a Dallas hedge fund manager and member of the endowment’s board, Zimmerman said at its annual meeting on April 14. ---- “ Central banks are printing more money than they ever have, so what’s the value of money in terms of purchases of goods and services,” Bass said yesterday in a telephone interview. “ I look at gold as just another currency that they can’t print any more of.” ---- The endowment, which oversees funds held by the University of Texas System and Texas A&M University, has 6,643 bars of bullion, or 664,300 ounces, in a Comex-registered vault in New York owned by HSBC Holdings Plc, the London-based bank, according to a report distributed at the meeting in Austin.
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« Reply #632 on: April 16, 2011, 11:34:43 PM » |
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Texas University Endowment Storing About $1 Billion in Gold Bars
15 April 2011, by David Mildenberg and Pham-Duy Nguyen (Bloomberg) http://www.bloomberg.com/news/2011-04-15/texas-university-endowment-holds-almost-1-billion-in-gold-bars.htmlExcerpt:The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board.The fund, whose $19.9 billion in assets ranked it behind Harvard University’s endowment as of August, according to the National Association of College and University Business Officers, added about $500 million in gold investments to an existing stake last year, said Bruce Zimmerman, the endowment’s chief executive officer. The holdings are worth about $987 million, based on yesterday’s closing price of $1,486 an ounce for Comex futures. The decision to turn the fund’s investment into gold bars was influenced by Kyle Bass, a Dallas hedge fund manager and member of the endowment’s board, Zimmerman said at its annual meeting on April 14. ---- “ Central banks are printing more money than they ever have, so what’s the value of money in terms of purchases of goods and services,” Bass said yesterday in a telephone interview. “ I look at gold as just another currency that they can’t print any more of.” ---- The endowment, which oversees funds held by the University of Texas System and Texas A&M University, has 6,643 bars of bullion, or 664,300 ounces, in a Comex-registered vault in New York owned by HSBC Holdings Plc, the London-based bank, according to a report distributed at the meeting in Austin. 664,300 ounces = 18,832.58 kg So 19,000 of these bars equal 1 Billion Dollars  |
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« Reply #633 on: April 16, 2011, 11:42:15 PM » |
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Gold & Silver-When To Sell? Real Estate-When To Buy? Mike Maloney http://youtu.be/UE7QcVN5tC8
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« Reply #634 on: April 17, 2011, 06:05:33 AM » |
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Chinese gold buying relentless
15 April 2011, From the Dealing Desk (GoldMoney) http://www.goldmoney.com/gold-research/chinese-gold-buying-relentless.html?gmrefcode=dollarcExcerpt:The gold price bounced back yesterday, moving up to nearly $1,480 per ounce following a day of consolidation on Wednesday. Silver set yet-another 31-year high, breaching the $42 per ounce level. Investors around the world are again looking for inflation hedges – a beneficial situation for gold. The Chinese in particular are suffering from inflation. Prices in the People’s Republic are rising at an annualised rate of 5.4%. Both the Chinese government and its citizens are looking to diversify out of paper money and into gold. As analysts at JP Morgan have noted, the Chinese government’s efforts to dampen property speculation through raising property taxes and mortgage down-payment requirements has led to more gold buying from China’s citizens. This Chinese demand – both official and non-official – is providing very good price support for gold. Gold received a substantial boost on Wednesday, when GFMS Ltd – a leading international metals consultancy – forecast that the yellow metal’s price will surpass $1,600 per ounce before the end of the year. GFMS claims to be the only genuinely independent researcher of the gold market, as it’s wholly-owned by its company directors. In the past it has tended towards cautious price predictions, which makes this latest estimate all the more notable, and confirms the strength of fundamentals propelling the gold price higher. ---- The greenback didn’t even receive a boost from renewed focus on European sovereign debt issues, following comments from the German finance minister Wolfgang Schaeuble that Greece may have to renegotiate its debt. Yields on Greek debt rose following the remarks. Greece is aiming to cut 23 billion euros-worth of spending in the next four years, in order to cut its budget deficit from 10% of GDP to 1%.
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« Reply #635 on: April 17, 2011, 06:32:31 PM » |
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« Reply #636 on: April 17, 2011, 07:09:53 PM » |
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Man, it's going to break $1500 before fall! |
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« Reply #637 on: April 17, 2011, 11:45:25 PM » |
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Gold Climbs to Record on Concern Global Inflation Accelerating
18 April 2011, by Kim Kyoungwha (Bloomberg) http://www.bloomberg.com/news/2011-04-18/snickers-to-noodles-surge-drives-cooking-oil-supplies-to-three-decade-low.htmlExcerpt:Gold advanced to a record for a third day as mounting inflation around the globe and Europe’s sovereign-debt crisis prompted investors to seek a store of value. Silver climbed to the highest price in 31 years.Immediate-delivery bullion gained 0.1 percent to $1,488.68 an ounce and traded little changed at $1,485.35 at 10 a.m. in Singapore. Gold for June delivery in New York also climbed to an all-time high of $1,489.70 an ounce. The “ uncertainty in the euro zone and inflation concerns in Asia appear to be the main drivers” of the price, said David Thurtell, Singapore-based head of metals research at Citigroup Inc. “ The latter was confirmed by the overnight move by the People’s Bank of China to tighten monetary policy.” China raised banks’ reserve requirements yesterday to cool inflation and central bank governor Zhou Xiaochuan said that the tightening will continue for “some time.” Consumer prices in China rose at their quickest pace since 2008 in March, exceeding the government’s 2011 target for a third month. Inflation in the 17-nation euro region quickened to 2.7% from 2.4% in February, the European Union’s statistics office said last week.
U.S. wholesale costs rose 5.8% in March compared with a year earlier, and the government said that the cost of living rose for a ninth month. Gold, which has surged 31% in the past year, has gained every year since 2001 on increased investment demand for commodities and on concern that currencies may be debased as central banks stimulate their economies. Unrest in the Middle East, sovereign-debt problems in Europe and Japan’s nuclear crisis have also bolstered sales this year. Declining DollarMoody’s Investors Service cut Ireland’s credit rating by two notches to the lowest investment grade last week, eroding the value of the euro. The dollar has declined 5.1% against a basket of currencies this year. Gold’s 10-year rally has attracted billionaire investors such as George Soros and John Paulson, who seek a store of value as record-low interest rates erode returns on currencies. “ Demand for gold and silver is strong and growing,” Lachlan Shaw, a commodities analyst at Commonwealth Bank of Australia, wrote in a note today. “ Negative real deposit rates and lack of investment alternatives could support investment demand for gold for some time yet.” Negative real deposit rates pay savers less on deposits than the rate of inflation. ---- Gold held in exchange-traded products rose 19.3 metric tons to 2,069.95 tons on April 15, the highest level since Jan. 24, data compiled by Bloomberg from 10 providers show. Cash silver gained as much as 0.7% to $43.28 an ounce, the highest level since 1980.
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« Reply #638 on: April 18, 2011, 06:33:06 AM » |
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$1 Billion of Gold Bars Taken Delivery Of By Pension Fund Due to Risk of COMEX Default and Shortages
18 April 2011, by Gold Core (Zero Hedge) http://www.zerohedge.com/article/1-billion-gold-bars-taken-delivery-pension-fund-due-risk-comex-default-and-shortagesExcerpt:Concerns that the sovereign debt crisis may be entering a new phase and the risk of contagion has seen peripheral eurozone bonds fall sharply and the euro fall against major currencies and gold today. Sovereign debt risk, global inflation concerns, geopolitical risk, disappointing European earnings and concerns about Japan's coming reporting season have seen equities weaken and new record nominal highs for gold and silver (all time and 31 year). ---- Greek bond yields have continued their relentless march higher and have risen above 14.07% (10 year) and Portuguese debt (10 year) has risen to a euro era record over 9.27%.Spanish and Irish debt are also under pressure this morning. ---- Euro gold has been in a range between €900 and €1,070 for nearly a year (since last May – see chart) and this period of consolidation looks set to come to an end as gold pushes higher. Once the technical resistance at the record high of €1,072/oz (12/28/10) is breached, gold will challenge €1,100/oz . In the current bull market, euro gold has seen many long periods of correction and consolidation prior to rapid gains and sharp moves upwards. The length of the recent correction (almost a year) suggests that the coming move could be very sharp and see gold rise to €1,200/oz in the coming weeks. ---- Gold is increasingly being seen as the superior currency in a world of trillion dollar and euro deficits and bailouts. Indeed, the printing and electronic creation of billion and trillions of the major paper currencies is increasingly making gold and silver the currencies of last resort. Governments and central banks are debasing currencies through bailouts, deficit spending and quantitative easing which is leading to a massive increase in the supply of fiat currencies. Precious metals are rare and finite and this is why major currencies are falling in value versus gold and silver. One of the largest pension funds in the world, the University of Texas Investment Management Co (which manages the endowment for the Texas teachers pension fund), has realized this and has put 5% of the pension fund into gold bullion (see news). Unusually, but likely to be seen more frequently in the coming weeks and months, the pension fund has opted to own physical bars worth nearly $1 billion dollars in allocated accounts. The fund has previously expressed concerns about the counter party risk in ETFs. However, the reason given for opting for taking delivery of 100 oz gold bars in a warehouse was that if the holders of just 5 percent of COMEX futures contracts opted to take delivery of the metal, there wouldn’t be enough to cover the demand leading to a COMEX default. The risk of a COMEX default increases by the day and appears to be moving from the realms of the “conspiracy theory” to that of “of course we knew it would happen, it stands to reason and was inevitable”. A COMEX default would have serious ramifications for the dollar and all fiat currencies as it would further erode trust in central banks, fiat currencies and today’s monetary system. NEWS(Financial Times) -- Euro slides on sovereign debt fears---- (Bloomberg) -- Gold Climbs to Record as Investors Fret Over Rising Inflation ---- (Bloomberg) -- Shortage Threat Drives Texas Schools Hoarding Bullion at HSBC ---- (Bloomberg) -- Texas University Endowment Storing About $1 Billion in Gold Bars
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Paranoid Puppet Master
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« Reply #639 on: April 18, 2011, 07:07:24 AM » |
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Man, it's going to break $1500 before fall!
If gold doesn't pass $1500 today, I'll eat a bug. |
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