358 votes

>Gold $1,220 Silver $17.75 Platinum $1,325 Palladium $810 Dollar 84.70

............♘ Daily Paul Metals Thread ♘ ............
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Hidden Secrets Of Money
Part 1 - Currency vs Money
http://youtu.be/DyV0OfU3-FU
Part 2 - Seven Stages Of Empire
http://youtu.be/EdSq5H7awi8
Part 3 - Dollar Crisis To Golden Opportunity
http://youtu.be/y-IemeM-Ado
Part 4 - The Biggest Scam In The History Of Mankind
http://youtu.be/iFDe5kUUyT0
Part 5 - TRUE History Of Money
http://youtu.be/OQWMd_NPSBA
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A Visual History Of Gold link provided by DJP333
http://www.zerohedge.com/news/2014-02-26/visual-history-gold...
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Gold Manipulation: The Logical Outcome Of Mainstream Economics
http://www.zerohedge.com/news/2013-02-21/guest-post-gold-man...
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Gold Manipulation: How They Do It (And How To Hedge It)
http://www.zerohedge.com/news/2013-02-26/guest-post-gold-man...
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Visualizing Platinum & Palladium's Place In The World
http://www.zerohedge.com/news/2013-01-24/visualizing-platinu...
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Gold & Silver, Ron Paul: THE TRUTH
http://www.youtube.com/watch?v=E-ShSGz89mA&feature=related
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Visualizing All The Silver In The World
http://www.zerohedge.com/news/2013-03-01/visualizing-all-sil...
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Bitcoin: Rate Charts and Commodity Exchanges
http://bitcoincharts.com/markets/
https://ounce.me/
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Welcome to the Daily Paul Metals thread. This thread was designed to keep all metals questions and comments in one place. At over 19,500 posts, we try to keep the price of Metals in the headline as up to date as possible...but sometimes it can get away from us. Feel free to ask questions about (all) investing here...you will get an array of answers that will help you in your decisions. Remember...any investment can have loses or gains...If we knew exactly where the markets will be tomorrow or a year from now we would all be wealthy.......The people here have strong opinions one way or another, so... Do your own research and then decide if metals are good for you. Ron Paul is a firm believer in holding physical Gold and Silver. Many of us share that same view! Welcome!
NOTE: Thread is now monitored for posting violations.

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How Governments will confiscate your GOLD!!!
http://www.sovereignman.com/expat/gold-confiscation/
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4 Must watch videos...NOTE:These videos give you a heads up of what is coming!
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Madness of a Lost Society (in 4 parts)
http://www.youtube.com/watch?v=HyjAHfnu0qc
http://www.youtube.com/watch?v=WRvjufH29vE
http://youtu.be/p_Ic_OvIPtU
http://youtu.be/2FZmHBcrk5Q
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The Day the Dollar died...
http://www.youtube.com/watch?v=2N8gJSMoOJc
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Gold $5000 and Silver $200 an ounce...

Rob McEwen: Your readers need to appreciate: Gold is money. It is currency. I think the number of people familiar with gold will grow as people see gold as a currency. China, India, Russia are buying gold to diversify their foreign reserves. To restore the confidence in currencies, I think some central banks, such as the Chinese and possibly the Russian, will increase their gold holdings to the level that the percentage of their total currency will be greater than that of any other currency in the world. At that point, they will assert that their currency should become the reserve currency of the world.
Full Read....
http://news.goldseek.com/GoldSeek/1313942400.php
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Inflation or Deflation....Metals win...
http://news.goldseek.com/ClifDroke/1310933400.php
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Why Deflation is good for Precious Metals:
http://seekingalpha.com/article/183323-why-deflation-is-good...
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Live Charts Here...
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES...
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LIVE DOLLAR CHART HERE
http://www.goldseek.com/quotes/charts/usdollar/usdollarindex...
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This thread was started 9/16/10 - here were the prices.

Submitted by SteveMT on Thu, 09/16/2010 - 11:51.

Metal Bid Ask
Gold $1,273.60
Silver $20.73
Platinum $1,602.50
Palladium $546.00

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"Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves."
–Norm Franz, Money and Wealth in the New Millenium

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Top Gold Goodies:
From Mark Twain: It links to one page for Options Expiration & another page for Futures Expiration. It is easy to save or print out for reference all year long. It is a handy reference identifying when US contracts expire for 2014.
http://www.apexfutures.com/trading-tools/expiration-dates/
http://www.heritagewestfutures.com/docs/default-source/defau...
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This is where I watch it happen: http://www.goldseek.com
This is where I buy from: www.apmex.com:
A great read. Think and Stop Investing!
http://www.silverstrategies.com/publications/ThinkandSTOP.pdf
This is an incredible site for watching metals:
http://www.24hgold.com/english/home.aspx
This site monitors all ebay metals prices.Check it out:
http://www.24hgold.com/english/buy_sell_gold_coins.aspx?co_id=0
Jim Sinclair - a Great read everyday: http://jsmineset.com
Hard Core Gold site. Great reads: http://321gold.com

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SteveMT's picture

China Moves To Dominate Gold Market With Physical Exchange

China is slowly moving to dominate the global gold market and it is important to join the dots regarding a few key recent developments in China relating to gold.

When the International Board of the Shanghai Gold Exchange (SGE) was launched last Thursday September 18 during an evening trading session, it was notable that the first transactions were put through by a diverse group comprising HSBC, MKS (Switzerland), and the Chinese banks, ICBC, Bank of China and Bank of Communications.

MKS is the Geneva headquartered precious metals trading group that also owns the large PAMP refinery company in Switzerland.

More at:
http://www.zerohedge.com/news/2014-09-23/china-moves-dominat...

DJP333's picture

Keeping America Alive Requires a World in Flames

For money managers, the USD is an FX safe haven--especially since the capital flowing out of the riskier periphery pushes the USD higher. This makes for a secondary yield--as the USD rises, any asset denominated in USD will gain in relative value. So there's a self-reinforcing feedback loop: As the USD value rises, it attracts more of the money fleeing risk.

http://www.dailypaul.com/326589/why-the-american-dream-requi...

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different."

DJP333's picture

David Morgan of silver-investor.com

On the recent strength of the U.S. dollar, Morgan says, “John Exter’s upside down pyramid explains it very well. The derivative markets blow up, and you go down the pyramid of liquidity. The step above the run to gold is the U.S. dollar. Most people who are under educated about money think if you have physical dollars under your mattress, you are in the safest position you could possibly be in. If you have all of your savings in physical greenback, you don’t have to worry about a bank failure. That is the most important step until that doesn’t work. When that doesn’t work, faith in the dollar is lost or being lost, then where do you go? The answer is you go to money that has lasted for 5,000 years. So, to see the dollar have all this strength and look good, that’s just the step before you go to the last step, which is a run to gold. So, it (the strength of the dollar) doesn’t surprise me. It’s part of the process . . . and the run to the dollar is a precursor that is absolutely necessary before the next step down the pyramid. . . . This is the big picture, and I see how things narrow down and why precious metals are so important in today’s financial system.”

http://usawatchdog.com/a-run-to-silver-and-gold-unlike-anyth...

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different."

SteveMT's picture

The upside down pyramid has more applications than financial.

I'd say nearly everything else is in the same situation. Nice video. Thanks for posting. No doubt that patience is a virtue.

Silver Price

On Oct 26, 2008 Silver price hit a 6 month bear market bottom of ~$8.40, it then rallied over the next 2 1/2 years to an April 11th, 2011 high ~$49.80. From there the current bear market began.

This morning Silver price hit within ~$0.08 of a secondary Fibonacci retracement, 78.6% of that previous bull market move, at $17.26, and currently it has bounced from that level.

If silver should reverse from this bounce, and violate the $17.26 area, the odds are VERY high, almost certain, that Silver price will continue to retrace down to a minimum of the $8.40 low of Oct 2008. It is Very rare that the final Fibonacci level of 78.6% is exceeded and price does not continue on to the 100% retracement.

From the Feb 26, 2012 high to today, Silver price has made a clear 5 wave decline. Within that 5 decline, from the Aug 26, 2014 high to today, price has made a crystal clear 5 wave ending triangle, which is terminal pattern.

I'm in long here 100% for a significant rally, even possibly the end of the bear market. As RIFR has noted, sentiment is ripe for a rally. I do not however think sentiment is ripe for the end of the bear market. However, if price does rally, and this rally is widely viewed as another bear market rally, then my view on sentiment could change. Most major reversals from a bear market are viewed as "traps" by most, or as RIFR notes in post below, Bull Markets climb a wall of worry. If it were to be the beginning of a new bull market, sentiment would go negative with any pull backs, likely more negative than current levels (levels found at a major bottom), but price would not go to new lows.

Holding a VERY firm, steel reinforced concrete, price stop at $17.20. Any breach of that area will likely lead to a future decline of at least another $9 in Silver price.

RIFR Note: I don't know what Prechter/Hochberg are charting, but I've seen them miss patterns that were so bloody obvious it hurt.
View on a weekly chart: Apr 2011 high to Sept 2011 low is a CLEAR abc decline. Sept 2011 to Feb 2012 is another CLEAR abc decline. And Feb 2012 to current is a CLEAR 5 wave decline. From Apr 2011 to current is a CLEAR 3-3-5 pattern. Could be the end of the bear market, or it could be "A" in a much larger multi decade bear market. Either way I think a MAJOR bounce is at hand. I'm looking at retracement levels for the entire bear market to date: $25 (78.6%), $29.74 (38.1%), $33.57 (50%), ect...

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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

yes, rally now likely underway

It looks like silver made a low this morning and the rally that I have been anticipating for a couple of weeks or so is now underway. No guarantees of course but should rally for at least a few weeks, and maybe months. Right now I'm not expecting more than a few dollars of upside (silver) but I may change my mind if price action warrants. I'm gonna stay flat metals for now but mainly to focus on stocks. I think major top is likely in and I am short (stock indexes)

It's pretty useless to talk

It's pretty useless to talk technical analysis in a market that is 100% manipulated. I can see the cartel using paper to push that paper price down to $5. Only problem, I don't see any physical available at that price. The last time silver was $5, oil was under $20. How exactly does anyone think silver could trade at $5 again when costs to produce are massively higher now?

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

Why am I such an idiot?

Silver just printed at 17.40, which is what I paid for the last batch I bought six years ago. I knew I should have sold it all at 40. I knew I should have sold it all at 34, and I tried to get my mom to sell hers. (My brother talked her out of it.)

So why do I have any silver and gold left? Why am I such an idiot?

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

Because you are thinking in terms of the # of years old you are

which is 12.

Why pandas? Why now?

the slippery slope of hope

They say bull markets climb a "wall of worry" and Robert Prechter has decribed bear markets as descending down a "slippery slope of hope". With each rally comes renewed hope that the worst is over and that the bull has resumed. A temporary low will likely form monday or tuesday (or maybe even tonight) of this week and another rally will begin. It will end the same way all rallies of the past 3 years have ended, but hope will keep many from selling, until finally there comes a day when there is no more hope. When that day comes for the majority of investors, it will be time to buy again.

That would explain it.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

I been thinking of buying some numistic silver coins

I've been looking at the kookaburra coin from the Perth Mint. http://www.providentmetals.com/2015-1-oz-silver-kookaburra-a...

The cost is $22.75, does anyone know of a better buy on numistic coins?

I usually don't buy numistics, but I thought it would be nice for a change.

Gold standard: because man can not be trusted to control his greed

I like the kookaburra

but the other old bird on the other side is a real turn off.

I'm you like the 2014, you can get it for a buck more at jmbullion.com and get free shipping.

SteveMT's picture

Paper metals: Silver EFTs remain strong while gold ETFs tumble.

The price of both continues downward as the dollar index rises.
--------------------------
The silver paradox
Demand remains high for silver ETF exposure as 'someone' is aggressively unwinding gold ETF positions.. and yet the prices for both are falling rapidly.

*SPDR GOLD HOLDINGS TUMBLE 1% TO 776.44 TONS, LOWEST SINCE 2008
http://www.zerohedge.com/news/2014-09-19/silver-paradox-one-...

Darkest before dawn

It's darkest before dawn.

The open interest in silver market at these criminally low prices is extremely high. Back of the paper market will have to be broken very soon. And/or a hot physical war (like literally World War III) will break out, if more criminal suppressions are attempted to keep paper market alive.

If you bought metals @ higher dollar prices, but are holding them physically in your hands, STOP fretting. In such case, stop calculating your holdings in dollars. Count in ounces.

Unless you have urgent obligations in dollar terms (college tuition payment, medical emergency, whatever), DO NOT look back doing calculations in dollar terms and second-guess yourself asking "what if" questions. Unless you bought physical metal on margin, are underwater, and are under dollar payment obligations due to this, exact same statement applies. Spend your energies on protecting those physical ounces instead.

If there are urgent dollar based obligations, or you were speculating buying physical metal on margins & are left underwater: Simple question is, why did you buy physical under such circumstances? Holding physical metals is not supposed to be a risky speculation activity, it's supposed to be pure money/savings in the hand in ounces. The paper/physical price divorce & lack of true price discovery implies that doing speculation in this "lack of market" is a fool's game. The inherent risk in such activity is therefore implied & should be assumed by the speculators without fretting over it.

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71

Super-Rich Buy Gold

The super-rich are looking to protect their wealth through buying record numbers of "Italian job" style gold bars, according to bullion experts.

http://www.telegraph.co.uk/finance/commodities/11104055/Supe...

DJP333's picture

Elementary my dear Watson!

"The number of 12.5kg gold bars being bought by wealthy customers has increased 243% so far this year, when compared to the same period last year, said Rob Halliday-Stein founder of BullionByPost."

So that's why the price of gold sucks, because in this fairy tale, central banking controlled, manipulated economy when you buy more of something prices go down!!! Brilliant!

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different."

I must be the only

I must be the only gold/silver buyer who LOVES to see lower prices. If people buy a little at a time on a regular and consistent basis, price should never be a concern.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

DJP333's picture

Me too John C

I am surely going to visit the coin dealer this weekend! I don't really care what the price is or what people say about the possible "lows". I know that gold/silver is valuable, is real money, and has been treasured for many thousand years. If the big crash doesn't happen, and the bankers can keep manipulating everything, I care not in the end. I will enjoy my life, hold onto my coins and then, someday, my kids are going to get some really f-kin cool presents.

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different."

Right on. That's my plan as

Right on. That's my plan as well.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

SteveMT's picture

Gold/Silver ratio is now 68+.

1215/17.85 = 68.07

Whoa!!! GSR penetrates 68! 4 year high!

We are at sub 18/oz.
~17.87

Let the shopping spree begin!

SteveMT's picture

PMs Liquidated To Make Room For Alibaba, Silver At Four-Year Low

Precious Metals Liquidated To Make Room For Alibaba, Silver At Four-Year Lows
9-19-14


What makes us think this is BABA liquidation (obviously tongue-in-cheek but the timing is odd...)

http://www.zerohedge.com/news/2014-09-19/precious-metals-liq...

That was yesterday

Now it's at a six year low.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

Thanks for showing us that, Steve

man, I wish I had of seen that earlier.

Let it RIP!

Let it RIP!

Wowow: Right now (0953 PST)

Silver's spot is at $17.99. That's been the lowest since I started trading (2010).

http://www.jmbullion.com/charts/silver-prices/?gclid=CImb88L...

If you don't know your rights, you don't have any.

DJP333's picture

The bankers want YOU

out of gold and silver. They will surely persuade people by doing this. Me on the other hand, I may go visit my local coin shop for a chat.

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different."

You would think 3 years into

You would think 3 years into a metals bear market the gold bugs would have given up by now, but nope, they are still waiting.