Good buying opportunity!

[Awoke]

Gold dipped below 1199, silver diving down towards 18, and Platinum dipping towards 1600...

If I had cash poised....

[mamboni]

I have a ton of cash but I'm waiting a bit.

I am extremely agitated this AM over this recent price action. I can't decide whether this is blatant naked shorting by the crooks at GS or genuine market-driven deflation (asset selling). I would greatly appreciate any input from members here - my stomach acid is burning a hole in my diodenum!!! >:(

[Book]

I would greatly appreciate any input from members here - my stomach acid is burning a hole in my diodenum!!! >:(



http://quaisoncarter.files.wordpress.com/2009/04/pepto-ad1.jpg

Get a grip Mamboni. Gold is still at $1196...lol.

[Fudup]

Made a small silver buy when I saw the dip this morning. It's not much, but it adds up in the long run.

Doing my best to cost average and buy on the dips, it's tough, but the economy bugs me with all the debt out there. I would rather strap myself and have some silver, than have worthless fiat and no silver. ;)

Now to go get the boat ready. ;D

[mamboni]

Well, I don't think the short-term bottom is in. But if Palladium keeps taking a dump like this for a few more days I'm piling in big time.

[Fudup]

If it goes down further, say to $17.50 or so, I might just buy a little bit more! :D

[Awoke]

If it goes down further, say to $17.50 or so, I might just buy a little bit more! :D



Hmmm...

http://gold-silver.us/forum/general-discussion/uhh-you-see-this/msg45569/

[Neuro]

Seems like the summer doldrums came this year as well... Pd looks like it's broken through it's parabolic curve... I have some cash, but I think I will wait until gold is in it's low 1100's before a purchase, may sell some gold for silver if the ratio goes above 70, and some more above 75, if it gets there.

[MAGNES]

I have a ton of cash but I'm waiting a bit.

I am extremely agitated this AM over this recent price action. I can't decide whether this is blatant naked shorting by the crooks at GS or genuine market-driven deflation (asset selling). I would greatly appreciate any input from members here - my stomach acid is burning a hole in my diodenum!!! >:(


Well I have a thread and I have predicted correctly many
setups to drops and major drops. Did it again last night. ;D

Nacca ate his hat twice and now he is going to eat his shoes. lol

And I have been all cash minus some losses on puts
for a long time waiting for that bottom everyone says
won't come. LOL

[ximmy]

I plan on buying regularly until gold hits $1500.00... not concerned about dips... eventually it will go over $3000.00 and continue on... at $3000 I will gather some of the little goldies and pay off my house.

[JohnQPublic]

My gut feel is that it will recover to over 1200 by the end of the day tommorrow, and next week keep moving up, perhaps more slowly. But is is only a gut feel.

[JohnQPublic]

Well, I don't think the short-term bottom is in. But if Palladium keeps taking a dump like this for a few more days I'm piling in big time.


I suspect Pd will be weak as long as people are expecting a weak euro economy. It was the ETF and the expectation of a recovery that helped drive Pd higher. Gold may increase due to safe haven concerns, but not necessarily Pd. Eventually as gold gets too expensive, Pd may start being seen as a safe haven play, too.

[gunDriller]

I have a ton of cash but I'm waiting a bit.

I am extremely agitated this AM over this recent price action. I can't decide whether this is blatant naked shorting by the crooks at GS or genuine market-driven deflation (asset selling). I would greatly appreciate any input from members here - my stomach acid is burning a hole in my diodenum!!! >:(


Europe is still in a shortage condition on gold and silver.

i would say this qualifies as a genuine buying opportunity.

i'm still learning how to interpret the "Commitments of Traders" list -
http://www.cftc.gov/MarketReports/files/dea/history/hist_other_lof.htm

that the CFTC puts out. if i could understand that, or wanted to pay $799 for Ted Butlers explanation of the list - i think he answers your question.

but my guess is, both.

there is shorting activity & people are selling to meet other financial commitments.

i was so used to the volatility of the last few weeks that it's wierd to see the price stay under $1200 for a few hours. i'm half expecting it to spring back up to $1300 or something.

[mamboni]

I have a ton of cash but I'm waiting a bit.

I am extremely agitated this AM over this recent price action. I can't decide whether this is blatant naked shorting by the crooks at GS or genuine market-driven deflation (asset selling). I would greatly appreciate any input from members here - my stomach acid is burning a hole in my diodenum!!! >:(


Well I have a thread and I have predicted correctly many
setups to drops and major drops. Did it again last night. ;D

Nacca ate his hat twice and now he is going to eat his shoes. lol

And I have been all cash minus some losses on puts
for a long time waiting for that bottom everyone says
won't come. LOL


So my big-fat-Greek friend ::)

I like a man who likes a man who likes a man who likes to talk about gold!

Would you posit a short term gold bottom price here and now?

[Book]

http://onlinepersonaltrainingvideobootcamp.com/blog/uploaded/Blog%20Post%20Images/waiting.gif

Wait forever for $800 gold and meanwhile watch this $1190 gold eventually become $1600 gold...lol.

:D

[DMac]

In January I wrote to friends that I thought in 2010 we would see highs of 1350 in Gold, 21 in Silver. I predicted lows of 980 in Gold and 13 in Silver.

Lately I am not so sure of the lows part.

Regarding this current dip, we have until options expiry which comes May 25th (iirc). I think we will probably bleed red until that passes. I think, like last year, our normal sell in May and go away period will occur around the end of June, and barring any geopolitical blow ups, the up trend will continue with a vengance at the end of August.

[1970 Silver Art]

Unfortunately, I am "FRN-Challenged" at the moment to buy any silver. Bummer. :'( Maybe The PTB might continue to beat down silver until my next payday.

[k-os]

I have a very basic question . . . why do the metals go down during the day and up at night, lately? Is it all European and Asian trades?

[JohnQPublic]

k-os:

I think it is Europe. I also wonder if people are losing confidence in COMEX's ability to deliver, and thus go to spot markets where possible.

There have been a few good up days in NY the last few weeks.

[Trinity]

I have a ton of cash but I'm waiting a bit.

I am extremely agitated this AM over this recent price action. I can't decide whether this is blatant naked shorting by the crooks at GS or genuine market-driven deflation (asset selling). I would greatly appreciate any input from members here - my stomach acid is burning a hole in my diodenum!!! >:(


Well I have a thread and I have predicted correctly many
setups to drops and major drops. Did it again last night. ;D

Nacca ate his hat twice and now he is going to eat his shoes. lol

And I have been all cash minus some losses on puts
for a long time waiting for that bottom everyone says
won't come. LOL


MAGNES, first off those hats were made from hemp. ;D
Second I don't suggest trading metals just buying and hiding.
Third those shoes are made from hemp also and I do hope you avoid shorting the metals here and am glad to see you are in cash instead.

[MAGNES]

Would you posit a short term gold bottom price here and now?


I am looking at the COT chart, seasonals, technicals, etc,
they have all lined up in the summer a few times for going
long. I did it 3 times and was never perfect in buying positions
or selling them, and still did well, buying SI calls going out to
May or July 2011 from here. But we watch gold, you really need
the COT chart to bottom and you need a full gold correction
which would be about 30% according to Adam Hamilton at
Zeal and that is who I followed successfully. I was also a student
of LeMetro Cot analysis, gold analysis, etc, in 2006, so what
I speak to is nothing that is not known by gold bug leaders.
The entire rigging operation is in the charts. Where will SI
land ? Don't know, where will gold land, 30% correction,
don't know, but I will wait like other years and do another
multiple, whole account. I had a thread that showed this
on agora, if you missed it, don't know what to say.
GIM sucked balls and nobody came close to my COT analysis.
You can see them fighting at times, in the charts, like now, and
I don't say this, many bugs following this say this.
Now book has a nice pic above, Shorts have to close
out, so I will not change my reasoning, Butler is right,
Comex, is CRIMEX, etc, and I go by history as well,
look at what happened not that long ago, I predicted
that too, I have lost some money on puts, percentage
of account and last summer I lost my gains which were
3 X, and I operate on budgets, so now I just wait.
Maybe if there is a setup for puts going short I
will spend some money, like Sept1700P @ 0.35.
But the conservative play is waiting and going long
at bottom, why don't you ask me questions in my
thread to what I say. Sorry for bragging, but I will
say unequivocally that those that do not understand
the rigging operation is in the COT chart really do
not understand the gold and silver market and what
people like Butler talk about. And it really is simple
to understand, and I know on here from peoples
comments they do not read key gold bug analysts
and leaders, yet yap, if you believe in a rigged market,
I do. Prices of SI are same as 2008 and this looks
like dejavu. It could go higher but there will be a fight
and shorts need to close out otherwise they cannot
prepare for next cycle of buying pressure.
The thread I just opened was key battle line,
let's see what happens, and ask Trinity about
how good his hats taste.

Or we can believe gold and silver will rocket
and shorts will be left holding the bag. NOT !

If it does not come it does not come.
I ain't buying nada at highs.

Physicals metal is whole other story.

Aslo, why not set aside some money,
if the opportunity I speak of materializes
why not go long on May2011C close to the
money, when COT bottoms, major setup,
etc, I call will cost you ~ 6K @ a strike price
about 10 -15 % above SI price.

Go look at option prices and opportunities.

[mamboni]

Thanks Magnes. I'll take a look at your thread.

[Fudup]

Silver $17.57 as of 10:18 ET! Stock up!

Who has a submarine pic? ;D

[1970 Silver Art]

Silver $17.57 as of 10:18 ET! Stock up!

Who has a submarine pic? ;D


I have a submarine pic but the submarine is used for shooting down any rockets that jinx any PM rally. Since the DOG is taking a massive crap this week, then I will not have to worry about shooting down any rockets with my sub. ;D

[Fudup]

If it goes down further, say to $17.50 or so, I might just buy a little bit more! :D


Ok, I did make another small silver purchase. So, if silver goes down to $16.50 or so, I may make another purchase.... ;D :D

[Fudup]

Wow, platinum and palladium are getting killed today, I wonder what gives? :-\

[Book]

Wow, platinum and palladium are getting killed today, I wonder what gives? :-\


http://static.guim.co.uk/Guardian/business/gallery/2009/jan/16/automotive/xnewark-829.jpg

Unsold new automobiles so the factories don't need to buy any for catalytic converter manufacturing.

:)

[gunDriller]

Unsold new automobiles so the factories don't need to buy any for catalytic converter manufacturing.

:)


exactly !

so the manufacturers AND the speculators back out of Pd & Pt.

i wonder if this is why the spread on palladium is higher.

[MAGNES]

MAGNES, first off those hats were made from hemp. ;D
Second I don't suggest trading metals just buying and hiding.
Third those shoes are made from hemp also and I do hope you avoid shorting the metals here and am glad to see you are in cash instead.


Okay buddy, just to be clear for everyone here,
Trinity and I are very good friends, he even made
me some money, was in SKF before TSHTF August
2008 and cause of him I put it on my watch list
and bought puts with play money when it spiked
like a dog, twice ;D , I then graduated to FAZ
and lost some money, lol, I made lots of trades
and lost money, lol, got careless again, bought
lots of puts, far out of money for hits, made only
money once recently. Right now I am not positioned.
I don't want to encourage anyone to gamble,
been doing lots of that with play money, but
the bottom if and when it comes will present
a real good conservative play and huge money
making opportunity to do a multiple. I listen
to Trinity too.

Now having said all that, how is $18.00 doing there
buddy. Silver is getting killed and gold didn't even
hit the previous R at about 1150, we will see what
happens if and when it hits, lots of resistance on the
way down must admit, 1150, 1100, 1000. What is SI
going to look like, hopefully sh*t. ;D

Tomorrow is Friday too, and we will see what happens
in Asia and London too, this gives us lots of info,
chart patterns on take downs look similar, they really
like to use Friday to destroy, and Asia and London
major take downs occur to set the charts right,
sometimes Asia gives great strength too, and NY
keeps taking it down, this is sign of a fight, early
monday morning will be real telling too.

People called the bottom at 16.00 in August 2008 on a
Friday and I told them that looks like a setup day,
and it was. Since then I have been more aggressive
with some trades but with no real luck to the downside.
Even the upside was not great but considering everything
it was still good, maybe I was lucky, most mistakes I ever
made was in 2006 summer, had to re capitalize my account
twice. But since then did well for 3 cycles. I have posted
all my mistakes in more than one place and given references
to strategies. I don't want to encourage people to gamble.

Physical again is another matter.

It is also very possible the weakness you see in SI now
will turn to strength as the weight of the shorts compresses
un naturally a huge titanium spring the size of a building.

Low prices are un natural, this is why if positioned it
presents a great long term opportunity to do a multiple.

[oldmansmith]

If you had sold physical at the absolute top you might be able to buy it back now at the same price you sold it for when you include premium plus shipping. No selling here, I bought another ounce myself.

[MAGNES]

If you had sold physical at the absolute top you might be able to buy it back now at the same price you sold it for when you include premium plus shipping. No selling here, I bought another ounce myself.


Or if it drops some more like 2008 you might not
be able to buy anything back, LOL

[oldmansmith]

Exactly. I don't play the paper game any more, but it does make sense to try and trade if you are good. I like buy and hold.

Palladium has come crashing down- I only own two ounces but maybe will look at buying a little more at these prices.

[DMac]

If you had sold physical at the absolute top you might be able to buy it back now at the same price you sold it for when you include premium plus shipping. No selling here, I bought another ounce myself.


Or if it drops some more like 2008 you might not
be able to buy anything back, LOL


That's the biggest issue for most IMO - if we see huge depressions in PM prices it will be damn near impossible to get a hold of the physical on the cheap.

Regarding purchasing physical, I established my base some years ago and continually add to it each week or month as the price swings. Big up weeks I buy a little once per month. Big down weeks I buy a little every week.

I know some folks have issue with incremental buying, but I think it is a good plan over the long haul - especially for those with a base or core position established in the long ago days of sub 800 gold.

[oldmansmith]

You hardly feel the incremental buying. What else are you gonna buy, a plasma screen tee-wee?

[JohnQPublic]

I don't expect this to be as bad as 2008. First we have the Chinese actively buying. Second we have Europeans, especially Germans buying. (I noticed that Apmex sold 2000+ ounces of Eagles/Maps/and Phils yesterday). These two factors could help moderate any drop due to panic selling/liquidation. On the other hand if the Euro disintegration is much bigger than Lehman, it may not be enough. In any case, hang on tight.

[k-os]

I know some folks have issue with incremental buying, but I think it is a good plan over the long haul - especially for those with a base or core position established in the long ago days of sub 800 gold.


I am not sure why anyone would have an issue with this approach. It's what I do. I'm not as steady as the way you do it. I just buy some metals when I have more cash than I need for my home to function. It's like putting money into a savings account.

[1970 Silver Art]

I know some folks have issue with incremental buying, but I think it is a good plan over the long haul - especially for those with a base or core position established in the long ago days of sub 800 gold.


I am not sure why anyone would have an issue with this approach. It's what I do. I'm not as steady as the way you do it. I just buy some metals when I have more cash than I need for my home to function. It's like putting money into a savings account.


A lot of people use the gold and silver as a saving account. I think when people start buying gold and silver and put it away, that seems to change their spending habits. They end up not spending as much money on other things.

[JohnQPublic]

I know some folks have issue with incremental buying, but I think it is a good plan over the long haul - especially for those with a base or core position established in the long ago days of sub 800 gold.


I am not sure why anyone would have an issue with this approach. It's what I do. I'm not as steady as the way you do it. I just buy some metals when I have more cash than I need for my home to function. It's like putting money into a savings account.


A lot of people use the gold and silver as a saving account. I think when people start buying gold and silver and put it away, that seems to change their spending habits. They end up not spending as much money on other things.


Sometimes when I want to buy something or someone elase does I think, 'is that worth X ounces of silver?'. Often I say no way! It just puts things into perspective.

[Trinity]

MAGNES I am going to watch for your bottom call. At this point in time you seem to have a handle what is going on. I thought 18 would hold.

[Sock Puppy]

Mamboni:

For what it is worth, I sold gold early today, but it was in the form of GLD and I plan to average back in with buys of physical. (I also sold some SLV.)

Personally, I think it is a general increase in the dollar, since everything is going down. But I'm no expert.

--SP

[Awoke]

You hardly feel the incremental buying. What else are you gonna buy, a plasma screen tee-wee?




or....


http://us.123rf.com/400wm/400/400/Roadbully/Roadbully0606/Roadbully060600142/451171.jpg

[Fudup]

Silver holding at $17.50 or so, keep buying! ;D

[Answer2me]

wait for it to dip below the $1000 level and then pick your poison, $700, maybe $500. As paper investors move from the Euro they will seek the dollar giving it a temporary boost. IMHO, when this plays out, gold will be hard to get at these levels, so act accordingly.

[JohnQPublic]

wait for it to dip below the $1000 level and then pick your poison, $700, maybe $500. As paper investors move from the Euro they will seek the dollar giving it a temporary boost. IMHO, when this plays out, gold will be hard to get at these levels, so act accordingly.


When is that going to happen? February 30th? :D

[Answer2me]

just my personal opinion. :D

[Fudup]

Back to $17.53! Keep buying out there, its still affordable! :)

[JohnQPublic]

Back to $17.53! Keep buying out there, its still affordable! :)


Silver is a bargain this weekend. The Long Beach Coin Show is happening. Should be interesting to see what the premiums are on silver!

[bellevuebully]

Back to $17.53! Keep buying out there, its still affordable! :)


Silver is a bargain this weekend. The Long Beach Coin Show is happening. Should be interesting to see what the premiums are on silver!


Please report. tia

[MAGNES]

MAGNES I am going to watch for your bottom call. At this point in time you seem to have a handle what is going on. I thought 18 would hold.


Silver is very weak, gold is 2 % from highs and
SI can't even break $18.00, like it was R up,
resistance, then it pops in one day, lol, compare
the daily charts recently, gold is up and silver is
down, there are many players in the market that
can feel the hammer coming. COT , Seasonals ,
Technicals all lining up right at the top again.
Looking for a safe entry here, already had my
clock cleaned on the risky ones. Small at the money
puts position if SI pops past 19.00 . Bet is no new
highs this summer and they need to cover shorts
on COT. $20 is psychological, they will fight it.
Gold looks strong though, and USD is up too.

[gunDriller]

MAGNES I am going to watch for your bottom call. At this point in time you seem to have a handle what is going on. I thought 18 would hold.


Silver is very weak, gold is 2 % from highs and
SI can't even break $18.00, like it was R up,
resistance, then it pops in one day, lol, compare
the daily charts recently, gold is up and silver is
down, there are many players in the market that
can feel the hammer coming. COT , Seasonals ,
Technicals all lining up right at the top again.
Looking for a safe entry here, already had my
clock cleaned on the risky ones. Small at the money
puts position if SI pops past 19.00 . Bet is no new
highs this summer and they need to cover shorts
on COT. $20 is psychological, they will fight it.
Gold looks strong though, and USD is up too.


Silver is a much smaller market.

Until the CFTC gets serious about stopping JPMorgan's manipulation - or until an investor with very deep pockets and maybe $200 Billion to risk, steps in to call JPMorgan's bluff - well, it looks like someone is running the market up and down at will.

down 80 cents one day, up 80 cents the next.

Harvey Organ said silver's price rise on Monday was "shorts covering."

"Silver exploded up by 86 cents to 18.15 as the banker-cartel covered as many shorts as possible."

does that mean speculators & manipulators, e.g. JPMorgan, that created the short contracts that knocked silver down on Friday to the weekend low of $17.40, spent Monday June 7 buying silver to cover their contract obligations left over from their short spree last week ?

they sure as hell created a buying opportunity at $17.40 ! 8)

[Trinity]

I obtained some Silver today. 19 bucks an ounce was the best I could do. That was the low bid at the coin show I go to.

[Awoke]

That's dirt-cheap compared to the prices here, for physical.

$25 per generic round, $27 for maples or eagles. (Canadian)

[Trinity]

That was for Ten ounce bars(Engelhard) Awoke. SAE's, Maples, Prospectors were going for 21 dollars or 22 dollars each. I skipped on the prospectors because the guy wanted 21.50 each for them and I offered 21. They were nice too. Now I am thinking I should have picked them up.

[Awoke]

Yeah, it's better to buy from an online PM dealer in those cases, because even though the street value is much higher, the online dealers typically stay within the paper price plus their mark up.

Only problem with that is that it is trackable.

...so buy a boat with holes in it.

;)

[SLV^GLD]

I've been scooping up $5 rolls of mercury dimes on a weekly basis from the local guy.
I get them for $65 a roll regardless of what spot is doing so long as spot is over $18. If it goes under $18 then I get them for $60 a roll. I don't much see the point in buying anything else with such a steady below spot buys in easily afforded increments. I'll be moving back home soon and I will sorely miss this particular local guy.

[Awoke]

I'm not sure how much mercury dimes are worth, but it sounds like you have a good thing going with him. It's nice to have a dealer that doesn't fluctuate wildly on small market moves.

[SLV^GLD]

I'm not sure how much mercury dimes are worth...
At the current spot of 18.45, 50X Mercs (assumed in perfect condition) would weigh in at 3.617ozt and be "worth" $66.73. Purchasing this lot at $65 means buying silver at 2.5% under spot. While that's not a significant percentage under spot it is still under spot which is significant in and of itself. I'll take the 2.5% difference to make up for wear on the coins. The guy is nice enough to let me take my time sorting out the least worn coins, though.

[DMac]

For any 90% silver, right now a great price is 10x the face of the coin, an expected price is 13x face.

14-15x face value is over paying.

[Fudup]

Silver is back below $18 again. $17.78 as I type this. Buy, buy, buy!



Then go boating. ;D

[Silver Rocket Bitches!]

I'm making tiny purchases here and there, mostly because I can't help it, but I'm holding out for some sort of equity crash that will cause some forced selling of commodities. THEN I'll be backing up the truck.

[platinumdude]

I'm making tiny purchases here and there, mostly because I can't help it, but I'm holding out for some sort of equity crash that will cause some forced selling of commodities. THEN I'll be backing up the truck.


For those that don't know how to back up truck:
http://www.ehow.com/how_2086202_back-up-semi-truck.html

[Awoke]

Massive hammer-down today!

As of 10:52am EST:

[Steal]

Massive hammer-down today!

As of 10:52am EST:



haha, as of 10:54 am est, was just going to post exact same chart. had to save to photo bucket to do so took 2 extra minutes. Might be buying a handful of 1/10 fracs.

edit: oh, wait, mine is the gold chart. looked exact same.
http://i45.photobucket.com/albums/f60/Froggydogg/goldsmackdown.gif

[mamboni]

This is blatant manipulation before options expiration. The only way to fight the bastards is to buy their shorts. I just bought 6,000 of SLV at 17.26. If it drops more I'll buy more! Screw the crooked bastards!!!

[Skirnir]

The blood-letting in the silver pits appears to have abated. I'm converting fiat as it looks like 17,6 has held.

[Awoke]

edit: oh, wait, mine is the gold chart. looked exact same.
http://i45.photobucket.com/albums/f60/Froggydogg/goldsmackdown.gif


I see that. I was kind of surprised that Platinum took the same beating. Almost a mirror image of Ag and Au.

[gunDriller]

is today "it", or is it just warming up for Wednesday ?

i thought the Big Pile of Options Expiry Day this month was July 28.

i admit to sometimes being calendar impaired ;D ... but i have figured out that July 28 is Wednesday.

"July 27 Comex August gold options expiry
July 27 Comex August copper options expiry
July 28 Comex August miNY gold futures last trading day
July 28 Comex July silver futures last trading day
July 28 Comex July copper futures last trading day
July 28 Comex August E-mini copper futures last trading day
July 28 Nymex July platinum futures last trading day
July 28 Nymex August Asian gold futures last trading day
July 28 Nymex August Asian platinum futures last trading day
July 28 Nymex August Asian palladium futures last trading day"

/\ is from \/
http://gold-silver.us/forum/gold-silver-precious-metals/metals-calendar-futures-options-dates/msg80874/#msg80874

just taking out the gold stuff
July 27 Comex August gold options expiry
July 28 Comex August miNY gold futures last trading day
July 28 Nymex August Asian gold futures last trading day

what the heck is "Comex August miNY" ?

so will the market manipulators try to prop up the US $ again tomorrow (by depressing the price of gold) ?

i would expect them to try, but i don't entirely understand their methodology.

[Awoke]

i would expect them to try, but i don't entirely understand their methodology.


Pffft. Who does?

[gunDriller]

i would expect them to try, but i don't entirely understand their methodology.


Pffft. Who does?


Harvey Organ
Ted Butler
Adrian Douglas
Andrew Maguire
Mohammad Rafeeq
Jim Rickards

[Steal]

i would expect them to try, but i don't entirely understand their methodology.


Pffft. Who does?


Harvey Organ
Ted Butler
Adrian Douglas
Andrew Maguire
Mohammad Rafeeq
Jim Rickards


Jim Rickards is a strange cat and proposes a pretty damm good set up for the economy going into a deflationary time period, long term. Sure wish HT was around to put out the deflation/inflation debate threads, found those very interesting. Tried to get one going here few weeks back, seems no one is to interested in the topic anymore. Is one of the roots of what I fear most, the not knowing and sure is a bitch to prepare for both.

[gunDriller]

Jim Rickards is a strange cat and proposes a pretty damm good set up for the economy going into a deflationary time period, long term. Sure wish HT was around to put out the deflation/inflation debate threads, found those very interesting. Tried to get one going here few weeks back, seems no one is to interested in the topic anymore. Is one of the roots of what I fear most, the not knowing and sure is a bitch to prepare for both.


if you have gold and there is deflation, you can still walk into a coin store and sell it for $1000 to $1200, whatever the trading range is.

it's incredibly liquid. you can bet if gold ever gets back to $1000 (or $1100) there will be some amazing bargains on other fronts.

i must admit, the market manipulators tricked me back in May-June. because of the physical shortages, i thought a drop from $1240 to $1230 or $1220 was a buy signal. i had no concept that we'd be sitting at $1160 midsummer.

[Skirnir]

The blood-letting in the silver pits appears to have abated. I'm converting fiat as it looks like 17,6 has held.

...and it did not hold. I guess my lack of luck on eBay was itself lucky ;D

[DMac]

is today "it", or is it just warming up for Wednesday ?

i thought the Big Pile of Options Expiry Day this month was July 28.

i admit to sometimes being calendar impaired ;D ... but i have figured out that July 28 is Wednesday.

"July 27 Comex August gold options expiry
July 27 Comex August copper options expiry
July 28 Comex August miNY gold futures last trading day
July 28 Comex July silver futures last trading day
July 28 Comex July copper futures last trading day
July 28 Comex August E-mini copper futures last trading day
July 28 Nymex July platinum futures last trading day
July 28 Nymex August Asian gold futures last trading day
July 28 Nymex August Asian platinum futures last trading day
July 28 Nymex August Asian palladium futures last trading day"

/\ is from \/
http://gold-silver.us/forum/gold-silver-precious-metals/metals-calendar-futures-options-dates/msg80874/#msg80874

just taking out the gold stuff
July 27 Comex August gold options expiry
July 28 Comex August miNY gold futures last trading day
July 28 Nymex August Asian gold futures last trading day

what the heck is "Comex August miNY" ?

so will the market manipulators try to prop up the US $ again tomorrow (by depressing the price of gold) ?

i would expect them to try, but i don't entirely understand their methodology.


what the heck is "Comex August miNY" ?


http://seekingalpha.com/article/111852-will-comex-default-on-gold-and-silver



Middle class families, looking for safety in precious metals, but who don’t have enough money to buy 100 ounce contracts, can buy deliverable mini-gold and mini-silver contracts on the NYSE-Liffe futures exchange. The mini-contracts require delivery of as little as 33.2 ounces of gold and 1,000 ounces of silver. If you want delivery, however, make sure you do not buy COMEX based miNY gold and/or miNY silver contracts. These COMEX mini-contracts are cash settled. The standard contracts, however, on both the COMEX and the NYSE-Liffe (consisting of 100 ounces of gold and 5,000 ounces of silver) are all deliverable.


I think we will be seeing green in the price by Friday and then into next week. August is coming up and remember that the PTB like to take a vacation in August. Those that don't vacation for the month are out there plotting their nefarious schemes while the rest of the world relaxes for the month. I am not overly concerned on price targets for August, just buying a little on the dips as I can. Other preps are higher priority to me right now. I think come the fall we will be back in the 1300 range.

[Ironfield]

Gold is sitting at 1165.50 as I post this. I am definitely going to pick up a few ounces to night; the price is just too good right now. Hopefully when the NY boys kick in at 9-10 am it will plunge lower.

-Ironfield

Edit: Anyone else seeing the kitco chart fluctuating +-$20 from actual value of ~$1165

[1970 silver art]

Gold is sitting at 1165.50 as I post this. I am definitely going to pick up a few ounces to night; the price is just too good right now. Hopefully when the NY boys kick in at 9-10 am it will plunge lower.

-Ironfield

Edit: Anyone else seeing the kitco chart fluctuating +-$20 from actual value of ~$1165


Yeah the 9-10 am period seems the be the time that the smackdown crew picks to bring down gold and silver. There seems to be a cliff-like drop in that 9-10 am period.

[Sparky]

Gold is sitting at 1165.50 as I post this. I am definitely going to pick up a few ounces to night; the price is just too good right now. Hopefully when the NY boys kick in at 9-10 am it will plunge lower.

-Ironfield

Edit: Anyone else seeing the kitco chart fluctuating +-$20 from actual value of ~$1165


Yeah the 9-10 am period seems the be the time that the smackdown crew picks to bring down gold and silver. There seems to be a cliff-like drop in that 9-10 am period.

If there is any truth to that, you should buy DGZ (2x short gold) at the close every day, and then sell it after 10 AM following the smackdown. You'd be rich.

Unfortunately, there's no truth to it. The gold market makes its' biggest moves from 830 to 11 AM every day because that's when the financial sector starts their work day.

[mamboni]

I just sold my 6000 SLV at 18.05. $4,500 profit in 5 days - not bad! Anyway, if these bastards are going to be so predictable in beating down silver, then I'm going to buy big into every precipitous dip and sell into the correction up. Two can play at this game!!!

[Book]

I just sold my 6000 SLV at 18.05. $4,500 profit in 5 days - not bad!



Um...sounds like your accountant will be calculating capital gains next April...lol.

:D

[mamboni]

I just sold my 6000 SLV at 18.05. $4,500 profit in 5 days - not bad!



Um...sounds like your accountant will be calculating capital gains next April...lol.

:D


Nope - it's a corporate Keough - no taxes!!!

I wouldn't trade any other way - taxes and fees make the individual investor/trader a guaranteed loser with today'r rigged markets.

[Book]

Nope - it's a corporate Keough - no taxes!!!

I wouldn't trade any other way - taxes and fees make the individual investor/trader a guaranteed loser with today'r rigged markets.



Wait until you haul all your Mint Monster Boxes down to the local PM dealer and he has you fill out all those 1099 forms.

|--0--|

[mamboni]

Nope - it's a corporate Keough - no taxes!!!

I wouldn't trade any other way - taxes and fees make the individual investor/trader a guaranteed loser with today'r rigged markets.



Wait until you haul all your Mint Monster Boxes down to the local PM dealer and he has you fill out all those 1099 forms.

|--0--|




What Monster boxes?

[1970 silver art]

Looks like the gov't goons will be doing a lot of scuba diving in the near future.

:ROFL:

[Awoke]

Aggressive rise in silver this morning.

[Trinity]

Reading through this old thread. Good going to those who bought or continue to hold on.

[bellevuebully]

Reading through this old thread. Good going to those who bought or continue to hold on.


Hold'n the line. Won't be pulling any trigger till I can see the whites of the eyes.