APMEX online ordering shut down due to overwhelming orders for Bullion
Correction underway, Time to BUY.
From Jim Sinclair:
http://www.jsmineset.com/
Dear CIGAs,
The reason for today's drop in gold, among other reasons given by media, was the Federal Reserve’s mentioning of inflationary warnings. This is outrageous as the Federal Reserve opens the flood gates of monetary expansion by offering to make loans to investment banks, two of which took up the offer today.
Apparently the equity market has not taken the bait that was entirely set for the best interest equity market. This makes today a total flop for the stabilizers (manipulators). This makes me think that the giants of finance have run out of aces. This is certain when the famous names run to the Federal Reserve to shore up failing balance sheets and depleted liquidity.
Being in gold it is hard to see the forest through the trees. All you feel is a headache as the gold price takes on the volatility of a shooting star.
Sit back and look at the media blitz operation in the gold and energy market followed by a major flop in the equity markets. It appears that the old manipulation of perception has fallen flat on its ass for the first time in 27 years. The big name investment banks today ran to the Fed for money, exposing the lamest of excuses to show that it is not a stigma to scream to mommy the moment you are in trouble.
Gold is a small market and energy is even more so. The equity markets are huge and the dollar market is a giant. Energy and gold were down, the dollar was up against the euro but down against most other currencies in a mixed market, yet the stock market bombed out completely. That was clearly not the PPT and Fed's plan.
I have no doubt whatsoever that gold will trade to at least $1650.
Inflation is out of control because the growth of monetary stimulation has no sane limits.
Soon the US Federal Budget will also balloon out of control.
If you must trade gold, you have to travel light, using no margin and buying gold on days like this, but be willing to sell 1/3 on Rhino Horn days or US nights.
I bought today and have thrown bids in over the US night.
If you are scared to death of the gold price, do not have margin and are losing faith believe in me. I am here for you.
If you use margin you are on your own.
Regards,
Jim
International Forcaster Bob
International Forcaster Bob Chapman
US MARKETS
As spot gold went screaming past 1000 on Friday, to close in the aftermarket at an all-time closing high of 1002.50, the yen went ripping through 100, to as low as 99.2560 as of 3 pm EDT just as the COMEX closed, which is a 12-year high against the dollar. If you wanted proof in spades that the yen is being used to hit precious metals by causing the carry trade to unwind and create a giant margin-call inducing liquidity drain, here it is "in yo' face!"
Full article here:
http://news.goldseek.com/InternationalForecaster/1205689845.php
I believe that banking institutions are more dangerous to our liberties than standing armies.The issuing power should be taken from the banks and restored to the people to whom it properly belongs.
Thomas Jefferson
“It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds”
-Sam Adams
I realize there is a slight
I realize there is a slight case of gold fever going around however, if you are using gold as purely an investment vehicle you should also, in conjunction with your purchase of coin or bullion, open an options account and place a few Put Options on gold if it dips below $950 per ounce...just as a hedge against the potential of a reverse in the trend. Now, on the other hand, if you view gold as I do, not as an investment but as a potential vehicle of protection in case of economic collapse and realize that the value of gold is not based purely in terms of the Fiat Federal Reserve Notes you pay for it, then don't worry about a hedge.
I started buying gold when Nixon legalized its sale again back in the 70s and purchased 100 onces at that time, since then I have accumulated a substantial amount of the metal, along with silver, palladium and platinum, but I don't see it in terms of a Fiat Dollar Amount, nor would I sell my hoard even if it went to $2500 an ounce, because that is not my purpose in owning the various types of precious metals.
Be sure of your reasons for owning gold or silver, be sure that you don't have gold fever just because you see the Fiat Price of gold or silver rising. Use wisdom in your purchases and if you can't afford to lose Fiat Money then proceed with caution in such investments.
http://militantjeffersonian.com
"Men do not willingly read unpalatable truths of themselves. The People like those best who fool them most, by pandering to their vices and flattering their foibles" Raphael Semmes
apmex
apmex is where I got my silver and gold. The prices were decent and the delivery was very quick. It looks like a lot of people have jumped on the recent dip and bought tons of it.
"Endless money forms the sinews of war." - Cicero, www.freedomshift.blogspot.com
What good is a gold "paper stock"
It's still paper, it's still electronic. Most is in vaults overseas. If you take possession of gold you can't trade back and forth to make money but at least you would have it..
Deb
Where can I buy now?
THey limited to $5000 orders. I buy in smaller amounts. Any other places reliable?
Try Swiss America
________________
Good luck to us all,
Lisa C.
www.women4ronpaul.com
Ron Paul "Sign Wave Across the USA" -- November 5th!
kitco
they have a rather good reputation from what i've gathered. although i personally have only bought from APMEX
No matter who you vote for, the government always gets in - Bill Hicks
Ordered by phone yesterday
Apmex said they couldn't keep up with demand. While they had upgraded the system several times it wasn't enough to keep pace with traffic.