Gold and Silver about to explode higher - all aboard!

[mamboni]

I think gold and silver are about to launch much higher, with gold to $1600+ and silver to $32+. I think the bottom is in now.

Some observations:

1. Insider selling to buying ratio massively outsized at >2000:1. Where are these people putting all these $billions of cash? Into Treasuries, Munis, under their mattresses, in the bank at 1% interest? I don’t think so.

2. Read FOFOA’s latest – it’s very interesting. The gist of it is, GLD is showing large drops in gold bullion inventory while the price is flat or only down slightly. He says this is gold bullish because the MSM who are to trying to paint it as bearish investors dumping gold are missing the obvious question: where is the gold going – who is buying up GLDs inventory. He posits that the bullion banks are redeeming GLD paper shares to get baskets of bullion to satisfy physical demand. This is a lest act of desperation as GLD may be the last place they can go for physical gold. It implies that their inventories are massively depleted. This is very very gold bullish. http://fofoa.blogspot.com/2011/01/who-is-draining-gld.html

3. Egypt – just one more jarring reminder of how things can change drastically literally overnight. During times like these, the security of gold shines like no other asset.

4. Ebay – gold for sale has been slim pickings. Silver price has not responded to recent paper spot correction. SAEs selling for $32-33 firm.

5. MSM have had several stories talking down gold, loaded with propaganda and misinformation. It smells of desperation.


Well, there you have it. Soon we will see.

[Gaillo]

I think you are absolutely correct, Mamboni... today's metal prices takeoff is making your point as well! ;D

I'm expecting $32-$33 Silver to be EASILY reached by the end of this week.

In fact, I'm so happy about all of this that I might just unban the General a few hours early! 8)

[Libertarian_Guard]

Shall I launch a satelite into orbit, as a matter of insurance?

[mamboni]

I think you are absolutely correct, Mamboni... today's metal prices takeoff is making your point as well! ;D

I'm expecting $32-$33 Silver to be EASILY reached by the end of this week.

In fact, I'm so happy about all of this that I might just unban the General a few hours early! 8)


From your lips to GOD's ears (and I don't mean the dick stabbing one). ;D

[Dogman]

I think you are absolutely correct, Mamboni... today's metal prices takeoff is making your point as well! ;D

I'm expecting $32-$33 Silver to be EASILY reached by the end of this week.

In fact, I'm so happy about all of this that I might just unban the General a few hours early! 8)



Ditto on metals climbing.

And Gaillo!


:ROFL: :ROFL: :ROFL: :ROFL:

[Ponce]

Hey Doc? don't use the words "I think".

Ponce <-----sitting in first class for the past 29 years (getting a sore ass by now) uffffffffffffffffffffffff.

[mamboni]

Hey Doc? don't use the words "I think".

Ponce <-----sitting in first class for the past 29 years (getting a sore ass by now) uffffffffffffffffffffffff.


Just because a roll of triple ply TP is going for $5 on the streets of Cairo doesn't give you the right to get all uppity! ;D

[Libertarian_Guard]

http://i56.tinypic.com/n63xup.jpg

[Horn]

Good luck to all you's dudes lookin to exchange for SDR's.. :o

[osoab]

Gold sub 1300 and silver in the 26ish range for the end of week.

TPTB can't let a revolution get them down. :D

[mamboni]

Gold sub 1300 and silver in the 26ish range for the end of week.

TPTB can't let a revolution get them down. :D


I'll bet that you won't bet your antlers on that. :taunt:

[osoab]

Gold sub 1300 and silver in the 26ish range for the end of week.

TPTB can't let a revolution get them down. :D


I'll bet that you won't bet your antlers on that. :taunt:


wouldn't even bet my dick. ;D

[Antonio]

Do you guys mean there are GSUS members who ain`t aboard yet?

Another guess, GSUS members stuck for a few hrs on GSUS are still able to earn enough extra FRNs to warrant buying PMs at any price if they are still available (that`s what I would do if I had lots of cash now ).

I`m starting to wonder what GSUS members really do for a living and I`m not the one who ever fishes for personal info here.

I could afford PMs and did my buying in the past, now I cannot afford any meaningful quantities.

[Ponce]

Ponce <--------all that he needs or wants and now living the lazy life of a retiree ;D

Two vultures sitting at the top of a telephone pole are looking down and waiting for a road kill, one vulture looking down says to the other one "Either something better gets killed soon or I'll go down there and kill myself something".........I feel the same way.

[Book]

3. Egypt – just one more jarring reminder of how things can change drastically literally overnight. During times like these, the security of gold shines like no other asset.



Impending pogroms are great for raising the price of physical gold!

:D

[Antonio]

Ponce <--------all that he needs or wants and now living the lazy life of a retiree ;D

Two vultures sitting at the top of a telephone pole are looking down and waiting for a road kill, one vulture looking down says to the other one "Either something better gets killed soon or I'll go down there and kill myself something".........I feel the same way.

Ponce is Ponce. Thanks again,bro. You can cheer me up even thru my methadone withdrawal ;D

[Low_five]

nah... silver and gold gonna suck a fat one ASAP.

[FunnyMoney]

The short term is really tough to call. The technicals point to at least another few weeks of consolidation if not an outright retrace to the 1250 and 25.50 support points.

Technicals can change though, and they are often changed by the fundamentals on the ground level. If the supply of physical gold starts to rock the boat in international wealth circles then we could see hundreds of dollars upside before any future consolidation.

Gold is currently in a supply deficit. The last time something so important went into a supply deficit was when the supply of oil sat at 86 mbpd and the demand went to 87 mbpd. That caused oil to double, going to 147 in short order. But gold's supply deficit is much worse, estimates are now that this year the demand will be nearly 3.7 tons and the supply (from all sources) will be roughly 3 tons as mine production is mostly static currently at 2.5 tons and western CB selling is expected to drop to a small fraction of its past yearly allotment (another .5 ton comes from jewelry going to the refiners).

A one-half of one ton or more deficit must come from somewhere. Price must move up until demand is turned away and supply meets demand. How this plays out in the short term is going to be a hard call. Luckily, most physical holders of PMs are more interested in the long term.

[Ponce]

Funny Money?......when you can actually see what is going on then the real answer to all that "technical" talk is right infront of you ........."The truth takes less words than the lies"... Ponce