358 votes

>Gold $1,215 Silver $17.55 Platinum $1,300 Palladium $785 Dollar 85.60

............♘ Daily Paul Metals Thread ♘ ............
Hidden Secrets Of Money
Part 1 - Currency vs Money
Part 2 - Seven Stages Of Empire
Part 3 - Dollar Crisis To Golden Opportunity
Part 4 - The Biggest Scam In The History Of Mankind
Part 5 - TRUE History Of Money
Silver, Gold & Currencies Revalued Overnight - Mike Maloney
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A Visual History Of Gold link provided by DJP333
Gold Manipulation: The Logical Outcome Of Mainstream Economics
Gold Manipulation: How They Do It (And How To Hedge It)
Visualizing Platinum & Palladium's Place In The World
Gold & Silver, Ron Paul: THE TRUTH
Visualizing All The Silver In The World
Bitcoin: Rate Charts and Commodity Exchanges
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!
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How Governments will confiscate your GOLD!!!
4 Must watch videos...NOTE:These videos give you a heads up of what is coming!
Madness of a Lost Society (in 4 parts)
The Day the Dollar died...
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....
Inflation or Deflation....Metals win...
Why Deflation is good for Precious Metals:

Live Charts Here...
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

"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

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.
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!
This is an incredible site for watching metals:
This site monitors all ebay metals prices.Check it out:
Jim Sinclair - a Great read everyday: http://jsmineset.com
Hard Core Gold site. Great reads: http://321gold.com

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rally stalling...may mean we see new lows first

As previously posted, I had been anticipating a low to form in metals and a rally to correct the decline of recent months to begin, and last week it appeared that such a rally might be underway, but prices are not really rallying the way they ought to if a low is really in.

It's still possible that we have already made a temporary low, but if prices don't get moving upward soon the odds are increasing that we will see new lows before we get the relief rally I have been waiting for.

Trader sentiment is still exceedingly pessimistic, so a rally is definitely nearby, it's just a question of whether it's now or after one more drop.

Maguire - Final Stages Of Historic Capitulation In Gold & Silver

Today London metals trader Andrew Maguire told King World News that what we are seeing in the gold and silver markets is the final stages of a historic capitulation. Maguire also said there was a large buyer in the silver market. Below is what Maguire had to say in Part II of a series of interviews that has now been released on KWN.

Maguire: “Eric, we are really at the final stages of what is a historic capitulation point. Of course we are going to see options and news event gaming continue, but it will be inconsequential in the big picture because the true supply/demand fundamentals will actually be determining a real price that is far less influenced by the synthetic dilution that we are seeing in today’s markets....


Man silver is cheap now, but

Man silver is cheap now, but will it keep going down?

If silver brokers don't follow the market down

it really doesn't matter much.

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

Comex Gold Future Price Going To Zero! A Broken Promise.

Reader Comment: The price for Gold on the COMEX Futures Exchange may will decline to ZERO as that is what an unenforceable contract is worth...NOTHING.

... China Russia & China Are Now "The Enemy."
Zero Hedge, Tyler Durden, 09/21/2014.

The suppression of gold prices is essential at all costs to the Anglo-American banking interests. The saber rattling and attempts to lure Russia and China into military conflict are about who controls the financial world.

Russia and China keep accumulating the eternal currency – gold.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

SteveMT's picture

Onward and upward, for the Dollar index.

Are there any good reasons for the recent dollar value increase?

Are the bankers:

1. trying to bankrupt Russia?
2. getting prices down for the November elections?
3. getting everyone to stop buying metals?
4. pumping-up the dollar in preparation for a massive devaluation?

Any other ideas?


Not sure if this was posted. 2 sides of the coin.


Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!

All Paper-Money Is Going Down; Some Faster Than Others.

What would one do, if not for years of being paid in paper to push paper? Have we lost your way? 2 minute lesson.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul


Ah ha ha :)

You gotta know when to hold 'em and know when to fold 'em....

SteveMT's picture

DOW is down 250.

Metals have been punched down so far that they are holding at this level despite the stock market plunge.

DJP333's picture

Again, price of gold doesn't match demand....

With 50 Tonnes Of Gold Smuggled In 10 Days, India's Physical Gold Premiums Set To Double


"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

Sudden US Dollar Surge Sparks Silver & Stocks Smackdown

EURUSD is back under 1.28 (for the first time since July 2013) as sustained USD demand since around 845ET has driven the USD Index up to fresh 4-year highs. Bonds are not reacting much to this significant move (for now) but stocks are pushing to the lows of the day as carry-induced euphoria is failing fast. Precious metals are sliding led by Silver.

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:

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.


"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.”


"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."

A lot of credit

for this thinking about Exter should go to Trace Meyer that Morgan mentions. I recommend reading Meyer's book, "The Great Credit Contraction." Don't let the 1 star fool you. http://www.amazon.com/Great-Credit-Contraction-Trace-Mayer-e...

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!

DJP333's picture

Thanks Doug

the book looks interesting.

"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."

DJP, I quoted Trace a bit in my first book and

am using his inverse pyramid to explain some of what I see things unfolding in my second book. I've corresponded with Trace and although the Lew Rockwell crowd disagrees with this "contraction" aspect of things, although I quoted many Austrians that do agree with it. It's not as black and white, but what is with investments and economics?

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!

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...

"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)

Addendum 1 week later: The above was posted Mon, 09/22/2014 - 14:22 and I have left my remarks unchanged, but after a week, the sideways price action has me doubting that a low is really in. See my new post at the top of this thread for more http://www.dailypaul.com/comment/3497244

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

Stop thinking silver as only having a $ value.

Silver is not an investment like stocks, it's true savings. One day in the near future silver will take its rightful place as money again. The dollar value of silver may be a trillion dollars per ounce, but no one will be selling for dollars.

I bought silver at over $40 but I don't care, anything under $100 is a bargain. If I buy silver now at under $20 it all averages out.

Be happy you can still buy silver with fiat dollars, it may not always be the case.

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

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

which is 12.

even Teddy Roosevelt disdained pandas

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.

Thank God I can still buy silver, a real physical asset, with

toilet paper money.

It will not always be the case and that is why I buy silver.

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

That would explain it.

Ĵīɣȩ Ɖåđşŏń

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