358 votes

>Gold $1,231 Silver $17.21 Platinum $1,245 Palladium $776 Dollar 85.71

............♘ 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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Silver, Gold & Currencies Revalued Overnight - Mike Maloney
provided by mauip3
http://youtu.be/GxKvTepymxs
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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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A Gold Hit Piece, IMHO.

Any article that says Gold pays no interest or dividends is a hit piece on Gold, because;

Anyone in the world in every currency that bought Gold in early 2000 or before and still holds it has enjoyed a huge gain in all the paper currencies in the world on the Gold!

What other investment can claim that honor?

beesting

SteveMT's picture

DOW is down 330 points.

The extreme fluctuations are amazing. Glad that I've been out of this market since the last crash. Be careful for those still riding this roller coaster.

lmao... silver and gold

lmao... silver and gold starts to run so they pull this out of their asses.... Kitco can always be counted on to run interference.
http://www.kitco.com/news/2014-10-08/September-Federal-Open-...

SteveMT's picture

Panic-Buying Ensues After FOMC Minutes Unleash Weaker Dollar

10-8-14
If you liked King Dollar, you'll love Dumping Dollar... Gold, Treasuries, and Stocks are surging after the release of the FOMC minutes suggested The Fed will keep rates lower longer. The USDollar is dumping - just as The Fed suggested it was worried about a strong dollar. Stocks remain negative on the week and below the levels of the last FOMC...
http://www.zerohedge.com/news/2014-10-08/dollar-dumps-post-f...

DJP333's picture

Some strange activity today with gold...

dump and pump in action

"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." ~CW

DJP333's picture

Some info on the Friday gold takedown

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/...

This whole episode looks like an attempt by the central planners to try shaking out any remaining weak hands who are left in the market. Consider the psychology the central planners employed here: They smash the price late Friday when London is closed and the weekend has already begun for most of the world -- meaning that the market is at its most illiquid time of the day and requires little ammo to paint the tape.

Then the remaining weak hands owning gold spend the weekend worrying about whether the price will be smashed again on Monday. They let emotion rule rather than logic, and they have the whole weekend to stew about it, which is exactly what the central planners wanted. That is the psychological tool they employed.

So the remaining weak hands dump on the Monday open, which opens lower as a consequence. But then the market turns around, and by the time London opens and the major physical market gets going for the day, a strong uptrend is underway.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/...

"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." ~CW

SteveMT's picture

Silver Soars As The Dollar Dumps Most In A Year

Soaring is an overstatement. Metal is still a good buy.
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"Following Friday's post-payrolls exuberance, the US Dollar crashed by the most in over a year today and stocks retraced most of their gains with only European data (weak) to base any momentum ignition on."

http://www.zerohedge.com/news/2014-10-06/silver-soars-dollar...

Jim Willie: Earth shattering World War madness

Jim Willie: Satanic insanity of banker cabal is now catastropic.


http://youtu.be/Ro6JUChxtF4

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

nice reversal this morning

I think we may finally have made the temporary low in metals that I've been looking for. I thought maybe we had a couple of weeks ago but changed my mind after a week of sideways action (before the drop to new lows). I am more confident of this one and, although I am still flat and wasn't even planning to trade this rally anyway, I may enter long on the next pull back because I justdon't see much downside risk over the NEAR term.

update

I opened long positions in gold and silver near current levels for short-to-intermediate term trade. Gold is currently trading around $1207 and silver is around $17.10. Not currently expecting anything major, but we will see what happens. As noted by Steve Hochberg of EWI, the small speculators have their largest net short position in gold in 16 years.

I'm out...

I'm out of both metals for small gain in silver and about $40/oz profit in gold. They could still go higher from here but the rally has been very weak so far and I don't want to let a winner turn into a loser, which silver trade was in danger of doing, and might as well dump the gold too while it still had some nice gains. I might try another long in a bit but I'll probably just wait until it's time to short again.

Wind the frog!

Will the spring break or will inflation run-away.

Free includes debt-free!

DJP333's picture

"Rome fell when they debased the currency"

Derivative and gold expert Rob Kirby:

http://youtu.be/kid0ZIAngCs

http://usawatchdog.com/dollar-going-supernova-then-black-rob...

"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." ~CW

DJP333's picture

More commodity drama goings on...

World on brink of an oil price war

All eyes are now firmly focused on the next move by Opec, which controls 60 per cent of the world's oil reserves and about a third of daily physical supply. The group has been branded an unaccountable "cartel" by free-market critics in North America who claim its system of limiting production by setting an output ceiling and quotas is tantamount to price rigging.

Although this is an accusation that the group's secretariat, which is based in Vienna, strongly denies, its mostly unelected group of policymaking oil ministers undeniably pull the strings of the global energy industry in the same way that central bankers can control currencies.

Opec states have largely managed to maintain cohesion over the past decade as prices over US$100 a barrel have enriched their economies and encouraged adherence to quotas. This consensus is now starting to break down.

"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." ~CW

SteveMT's picture

Gold Slides Near 4-Year-Low In Early Asia Trading

Same old, same old. Treasury yields are lower (futures prices higher); USDJPY (and thus S&P futures) are higher (though 110.00 is once again offering notable resistance); and gold is getting 'handled' lower. The divergence between stocks and bonds from Friday's jobs number is holding for now but it is gold that has been smacked to $1183 - near a four-year low: $1180.50 6/28/13, then back to Aug 2010). Silver is down 1% to March 2010 lows. Despite US equity exuberance, Asia-Pac stocks (ex-Japan) are down 0.3%.
http://www.zerohedge.com/news/2014-10-05/gold-slides-near-4-...

Paul Craig Roberts: Dollar will be around for a while

Paul Craig Roberts: Dollar is not dying a catastrophic rapid death. But China will help engineer a slow, bleeding death of dollar. Shanghai physical exchange will make naked shorting of gold impossible.


http://youtu.be/1oKjcliCkz0

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

This guy was right on back in 2012.

https://www.youtube.com/watch?feature=player_detailpage&v=Xi...

I love liberty like fresh cool air in my lungs.I love freedom like fresh cool water on my tongue.I love peace like the smooth skin of my sweet lady.And Dr.Ron Paul is the hero I believe will change the world.

DJP333's picture

Why buy gold and silver to retain wealth?

Because paper money looses value everyday...
cost of living

http://www.mybudget360.com/cost-of-living-1938-to-2013-infla...

"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." ~CW

Many items on that are about the same today

in proportion to income. Some are cheaper now. SOME may be due to better methods of production and importation, but never-the-less they are cheaper. A car was 6 months of income. You can still buy one for that, or less. A house in a little over two years--same today. Not difficult to find a fairly nice home for $100,000 in many parts of America--probably larger and nicer than back then, too.

Yes! please go lower. I am a

Yes! please go lower. I am a few weeks away from backing the truck up

Southern Agrarian

DJP333's picture

Do you really think it can go much lower?

Are you really waiting longer to buy? This doesn't make any sense, supposedly the dip today was due to the stronger-than-expected jobs report. But then you have conflicting information that Labor Participation Rate Drops To 36 Year Low.

But then again, Indian gold demand is strong, and at these prices I would imagine China and Russia will be doing a little shopping this weekend. Harvey Organ shows us that gold and silver are leaving the comex,the GLD, SLV and moving to Shanghai.

What the hell is going on?

"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." ~CW

I see the bottom: $800.00

I see the bottom: $800.00 gold and $7.00 silver.
don't get too anxious.

Care to put a year and quarter on that?

Care to put a year and quarter on that? :) ;)

Naw, more like within six

Naw, more like within six months. These drops are going to really encourage the shorts.

Ding! Ding!

Gold under 1200 and silver under 17.00

DJP333's picture

And the Dollar Spikes

Is at 86.50 right now.

"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." ~CW

Silver set for October Halloween Horror show?

Something VERY SINISTER is going on with silver!

Is the trouble erupting in Hong Kong (with 17 year old kids claiming to be in charge of protests as a bizarre claim) related to new Shanghai physical exchange AND China's massive open intetest in silver @ COMEX?


http://youtu.be/Yw5Oi3FLqzk

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

DJP333's picture

Great Mike Maloney video

http://www.dailypaul.com/326755/video-the-big-picture-of-gold

"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." ~CW

SteveMT's picture

DOW is at -220

Where is the PPT?

Plunge Protection Team at your service. - In their own words

Secrets Of The Plunge Protection Team
The Four Derivative US Dictators. By Michael Edward, May, 2004

There are just four people who control all of the U.S. markets through their use of dangerous and explosive DERIVATIVES. They are risking the assets and retirement funds of all Americans. Because of their manipulations, especially since 2001, U.S. financial markets are now based on the gambling whims of a special fraternity of Federal Government DERIVATIVE dealers.
Take a plunge. Plunge on the Protection Team Railroad.

This group is known among Wall Street as the Plunge Protection Team (PPT). Their "official" role was to prevent another 1987 "Black Monday". They have the entire U.S. Treasury at their disposal to manipulate the markets through DERIVATIVES (futures options). In other words, they are using the assets behind the U.S. Treasury to rig the prices of commodities (gold, currencies, etc.) and stocks.

This fraternity comprises of Fed Chairman Alan Greenspan [Editor Note: Janet Yellen, 2014], the Secretary of the Treasury, and the heads of the SEC and the Commodity Futures Trading Association. It works closely with all the U.S. exchanges and Wall Street banks, including the largest DERIVATIVE risk holders Citibank and JP Morgan Chase.

Few people are aware of Executive Order 12631 signed by Ronald Reagan on March 18, 1988. In a nut shell, this is the "authority" behind the four dictators and the [sic] "laws" and "regulations" that have backed their casino-style DERIVATIVE gambling spree since 2001. Here are some highlights of this Executive Order to ponder:

    Executive Order 12631 - Working Group on Financial Markets - Mar. 18, 1988; 53 FR 9421, 3 CFR, 1988 Comp., p. 559.

    "By virtue of the authority vested in me as President by the Constitution and laws of the United States of America, and in order to establish a Working Group on Financial Markets, it is hereby ordered as follows:

    Section 1. Establishment. (a) There is hereby established a Working Group on Financial Markets (Working Group). The Working Group shall be composed of:

    (1) the Secretary of the Treasury, or his designee; (2) the Chairman of the Board of Governors of the Federal Reserve System, or his designee; (3) the Chairman of the Securities and Exchange Commission, or his designee; and (4) the Chairman of the Commodity Futures Trading Commission, or her designee...

Caution: Monopoly Money at play. Reduce your speed.

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