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Sunday Night Gold and Silver
Submitted by takeaction on Sun, 09/07/2008 - 19:34
Wow...what a jump...I bet this is due to the bailout of Fannie and Freddie...I wonder if the US markets will respond in the same way? Gold up $16 and Silver up .45 as of this typing.... Very interesting... » |
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Worldwide Deflation
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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I thought this was an interesting article.
Worldwide Deflation
http://www.gold-eagle.com/editorials_08/orlandini090708.html
government of the people, by the people, for the people
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fizzled...
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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government of the people, by the people, for the people
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Whoops. There goes the
Whoops. There goes the dollar index. Look out below.
I WAS GOING TO BUY A GOLD COIN THIS WEEK, BUT!
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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I get paid this week, so I thought I was going to buy a gold coin this week, but it turned out that I got a huge credit card bill for buying a generator and other survival items, so I have to wait for one or two more pay checks. This bill is HUGE!
government of the people, by the people, for the people
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nothing wrong with that
nothing wrong with that greed.. there are some things you need before gold and silver coins!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Franklin Sanders
Franklin Sanders.....
Either this is the greatest silver and gold buying opportunity of all time, or the end of a bull market.
But it is NOT the end of a bull market. Time alone argues that. A bull market runs 10 - 20 years, and this one has run only 7, since 2001. Those who think silver & gold have fallen into the "bursting of the commodity bubble" completely misunderstand what drives them in the first place. Silver & gold are not commodities; they are money. When investors pile into silver & gold, it's not any commodity bubble forcing them there, but monetary demand. They aren't buying metals because they think all the Indian ladies are going to be wearing two nose rings instead of one this season, or that the American bourgeoisie will suddenly begin stockpiling sterling silver forks again.
They are buying metals because -- listen to this, get it straight once & forever -- they distrust fiat central bank currencies (or if you prefer, national currencies). The dollar is trash, the yen is trash, the euro is trash; all are equally insolvent, equally unbacked by anything expect a politician's or central banker's promise, which is not nearly as good as that of any madame at any bordello anywhere.
The dollar is rising? So, why? Did it become better, acquire more gold backing, solve its chronic balance of payments deficit last night? Come on. Did the euro get worse overnight? The yen? How much worse could it get? You are seeing competitive devaluations, all very much worked out collegially in advance by central bankers. Fundamentally meaningless.
What is NOT meaningless is that the Great Alternative Currencies, silver & gold, have long been advancing against ALL national currencies. All markets swing like pendulums, too far one way, then too far the other. Silver & gold prices became overbought -- a lot of people short dollars were long silver & gold. The dollar rallied, oil & commodities fell, sucking down silver & gold money. Look at the numbers. Even with gold down to $787.50 today, that's only a 21.5% correction, while always more volatile silver is down 37.4%. Friends, these are normal, not outlandish, corrections. Sober up.
Julian D. W. Phillips, Gold Forecaster
The huge gap between the value of gold and the value of money must narrow. Whether it is through the rise in the value of gold and silver or through the fall of the value of money dictates the future of the financial system. Either way, gold and silver will prove to be the safe-haven it has been since money was part of man’s world. And the second half of this year is likely to be as dramatic as the first half but with a golden or silver sheen to it.
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Waiting for the Euro rate cut(s)
Stage two of the gold bull market
So have we reached the moment when gold bugs must start questioning their deepest assumptions. Have they bought too deeply into the "dollar-collapse/M3 monetary bubble" tale, ignoring all the other moving parts in the complex global system? Nobody wants to be left holding the bag all the way down to the bottom of the slide, long after the hedge funds have sold out. Well, my own view is that gold bugs should start looking very closely at something else: the implosion of Europe. (Japan is in recession too)
http://tinyurl.com/4SIERR...
The Maastricht Treaty created the European System of Central Banks and the European Central Bank to head this system. The Treaty entrusted the European Central Bank with the responsibility for monetary policy, but it did not give this institution supervisory powers or an explicit mandate for providing emergency liquidity support to individual banks.
This explains why, at least temporarily, the dollar is rallying against the Euro. Once investors can see that neither of the two reserve currency titans (euro and dollar) is on a sound foundation, we will see a race to the bottom by the world's major currencies as each tries to devalue against other to protect exports.
This will signal the next gold bull rally. Once the ECB signals several rate cuts, gold will bounce like a rubber ball. In the mean time gold will continue to fall along with everything else (except the Yen and the Swissie) until market correction is complete and painful enough for the ECB to start cutting rates.
As for timing, now that the FED has control of both Fannie and Freddie, look for an increased possibility of a slight discount rate hike before year's end to keep commodity prices in check. Now that the FED controls directly home mortgage rates, the commercial banks can dump their bad paper directly into FHA, and the discount window now has a drive thur using a third party; a 1/4 point rate increase will not hurt anyone. Any rate increase will be see by Wall Street as a continuation of the bear stock market and a good reason to hedge with gold. Ultimately, gold will surge, once it becomes clear that the euro lacks the staying power to serve as an alternative to the dollar.
also see:
http://www.dailypaul.com/node/60896#comment-634431
Sigh I just love Franklin
Sigh I just love Franklin Sanders
I remember exchanging a few emails with Franklin Sanders in
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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1999, I think.
government of the people, by the people, for the people
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I was expecting gold &
I was expecting gold & silver to make a jump not long after the official takeover of fannie/freddie was announced. The takeover will require so much money that the US simply does not have.
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Not to worry,
They'll just print more.
Why vote for the lesser of two evils when you can go all in?
Satan for President in 2008
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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Good thing for those of us
Good thing for those of us with gold and silver that they cannot print more of that too!!!
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bump because all the disinfo
bump because all the disinfo trolls are posting to push real topics down
Considering what is going down
Considering what is going down this weekend, Rhodium might be a better fit than Palladium.
http://www.kitco.com/charts/popup/rh1825lnb.html
Hardly an unexpected surprise
This move up in silver/gold futures started over a year ago...
more...
http://www.dailypaul.com/node/60771#comment-631564
"Committed To The Eradication Of Poverty Among Patriots"
"Those Who Strive For Excellence Refuse To Fear Mediocrity; They Eradicate It."
"GINO" = Government In Name Only
Daddywarbucks
I didnt know you were a ted head, or an investolator. This material is based on Ted Warrens great book. How to make the stock market make money for you
Daddy, your trading method
Daddy,
your trading method intrigues me! I am going to get intouch with you tomorrow! I think a person should buy physical and hold long term but for those who have a few extra bucks I do not see any reason not to dip a toe into some of the options you can figure out with your charts! in the long run metals will go up.. I think incredibly, but if you can take a few bucks and be able to play the ups and downs withing this bull market you can put some extra bank in your pocket and then buy more physical! interesting!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
It's all here Bro'. Good luck.
http://www.gbemembers.com/webintro.php?view=wmv
"Committed To The Eradication Of Poverty Among Patriots"
"Those Who Strive For Excellence Refuse To Fear Mediocrity; They Eradicate It."
"GINO" = Government In Name Only
The Nikkei is up
almost 400 points...but there is absolutely no such thing as Central Bank intervention.
Why vote for the lesser of two evils when you can go all in?
Write in Satan for President in 2008
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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>430 pts
Why vote for the lesser of two evils when you can go all in?
Satan for President in 2008
--------------------------------
"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
----------------------------
Why vote for the lesser of
Why vote for the lesser of two evils when you can go all in?
Write in Satan for President in 2008
lol that is funny!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
LOLLLLLLLLLL!!!!
That last line is CLASSIC, E_Goldstein! I MUST remember it and use it in the future!
Excpet one could modify it to say " ...... and write in Dubya for a third term".
Thanks Akak,
but I can't take full credit. It's a bastardization and hybridization of something the professor and trollkiller thomas said last night. Of course, you may use it to your heart's desire.
Why vote for the lesser of two evils when you can go all in?
Satan for President in 2008
--------------------------------
"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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OK if enough people do this -maybe both parties
could just leave the floor instead of sending electorates,both parties will lead us to hell in a handbasket anyway, why not make it official?
Libera me, let the truth break, what my fears make--Leslie Phillips
But that man should play the tyrant over God, and find Him a better man than himself, is astonishing drama indeed!~~D. Sayers
There is no difference between an authoritarian government from the right or the left...F. A.Schaeffer
There are so many things
There are so many things happening at the moment, most of which are unseen and yet looming under the surface ready to emerge with total debt in this country being 350% of GDP. Gold and Silver, no matter how much manipulation the "big boys" do, will not remain at low fiat levels for long.
“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”—Admiral Raphael Semmes.
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
yep your right! as for me
yep your right!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Sierra
Why no ETF's? In GLD the gold is held offshore in London. Safe?
the etf's are leasing your
the etf's are leasing your metal that they are supposed ton be holding for you! when they lease it, it helps depress the price and lets them manipiulate the price! you have to take the metal off the market so they can not use your investment against you! now i am not a financial guru by any means but you are best to buy physical and hold it! Ted butler proved that the silver ETF was doing just that.. leasing out the silver in the etf to keep the price down! basically in silver they are supplying the industial users so they don't panic and go ballistic and buy all silver to stockpile to keep the production lines open and then raising the price significantly! there just isn't much silver around I don't care what the dailytrolls say here on this site! go back and look at the price history of palladium! this will give you a clue as to what silver is in for!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Safe as paper.
___________
Lisa C.
If you love freedom, please consider joining: www.campaignforliberty.com
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Ron Paul "Sign Wave Across the USA" -- November 5th!
yep DARLING you are right!
yep DARLING you are right! if you can't touch it you DON'T own it!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐