1666 gold

[Serpo]

It just arrived

[ximmy]

"Game over man"
http://s2.hubimg.com/u/2667913_f520.jpg

[Nomoss]

Do we say helo 1700?

[Large Sarge]

$1674

[Glass]

did anyone grab a screen shot? I was logging in and it was $1666.60 and I thought that would be right. Paint the numbers at the close of the market. I logged in and it was $1667.10.

[Glass]

536

kapow!

[1970 silver art]

Do we say helo 1700?

Looks like we will be saying hello to $1700 gold much sooner than I thought. I honestly was not expecting a gold and silver to make an up move during this Summer. Maybe the down turn in gold and silver will be on hold until early Fall. We will see.

[Large Sarge]

James Turk made the predistion last month, that if silver closed at $40 or so, on option expiry (which it did), that we would likely see $50 silver next month (august, as in this month)

[1970 silver art]

James Turk made the predistion last month, that if silver closed at $40 or so, on option expiry (which it did), that we would likely see $50 silver next month (august, as in this month)

I do not think we will see $50 silver this month (or this year). Even if silver got close to $50 like it did in late April, then it will get smacked down like it did in early May. $50 is too strong of a resistence point and silver is not quite strong enough to overcome the JPM shorts to pierce through that $50 level this year. I do not think that silver will even get back to $45. Silver seems to have a hard time finishing above $41. It is possible that it might finish above $41 today but I do not think that this will happen. There seems to be some resistence at $41 at this point in time. I think that silver will get smacked down very soon IMO.

I also want to point out that silver will eventually hit (and easily surpass) $50 but you will not see $50 silver this year. $50 silver will happen sometime AFTER 2011.

[Dogman]

I do not think we will see $50 silver this month (or this year). Even if silver got close to $50 like it did in late April, then it will get smacked down like it did in early May. $50 is too strong of a resistence point and silver is not quite strong enough to overcome the JPM shorts to pierce through that $50 level this year. I do not think that silver will even get back to $45. Silver seems to have a hard time finishing above $41. It is possible that it might finish above $41 today but I do not think that this will happen. There seems to be some resistence at $41 at this point in time. I think that silver will get smacked down very soon IMO.

I also want to point out that silver will eventually hit (and easily surpass) $50 but you will not see $50 silver this year. $50 silver will happen sometime after 2011.

Ah, little grasshopper, the wisdom of the ages, is where gold goes, silver will follow! ;D

[Large Sarge]

Richard Russel, the godfather, predicts $1880 for gold on this upleg, by Christmas

now the current GSR is 40 to 1 ($1674 - $41.00)

$1880/ 40 = $47

Have to see, traditionally the GSR tightens up, and also traditionally gold leads any move up, and silver follows...

[1970 silver art]

Ah, little grasshopper, the wisdom of the ages, is where gold goes, silver will follow! ;D

Gold could head down very soon and silver will follow gold on the way down OR gold could continue to go up but it might be possible that silver might lag gold's move and will be kept down to below $50 by the JPM shorts. :) $49.85 is the silver high that you will see for silver this year. :)

EDIT: Either way, No $50 silver this year. :)

[Dogman]

Gold could head down very soon and silver will follow gold on the way down OR gold could continue to go up but silver might lag gold's move and will be kept down to below $50 by the JPM shorts. :) $49.85 is the silver high that you will see for silver this year. :)

Well, your gut is saying that silver may hit $49.85 only .15 cents off from $50.00 but at that level it would take a gentile breeze or one good fart to push the price of silver over 50. ;D

[1970 silver art]

Well, your gut is saying that silver may hit $49.85 only .15 cents off from $50.00 but at that level it would take a gentile breeze or one good fart to push the price of silver over 50. ;D

My gut feeling says no $50 silver this year. I probably should have said it better but I do not think that silver will get anywhere near the $49.85 high that we saw in April IMO. I seriously doubt that silver will even make it back to $45. Just my opinion.

[Dogman]

Nope. I probably should have said it better but I do not think that silver will get anywhere near the $49.85 high that we saw in April IMO. I seriously doubt that silver will even make it back to $45. Just my opinion. Time will tell, and then we will see what can be seen. Right now things are like playing drums with a Thermal nuclear warhead set for impact detonation and the fuse is on a hair trigger. Things are now on a razors edge, one side - safe, and the other = full shtf.

[solid]

$2000 gold $50 silver by Christmas. The gov pulls a 'soup nazi', and says no more gold for you. NY Times reports a rash of boating accidents sweeping the nation resulting in unprecidented financial loss. Massive manhunts ensue targeting owners of silver art bars. Pepperoni pizzas outlawed, and anyone who buys orange juice subjected to a 200% value added tax. RFID chips embedded in netflix videos.

You can not escape. Artie, I pray for you!

[Awoke]

1666: The metal of the beast!

[1970 silver art]

$2000 gold $50 silver by Christmas. The gov pulls a 'soup nazi', and says no more gold for you. NY Times reports a rash of boating accidents sweeping the nation resulting in unprecidented financial loss. Massive manhunts ensue targeting owners of silver art bars. Pepperoni pizzas outlawed, and anyone who buys orange juice subjected to a 200% value added tax. RFID chips embedded in netflix videos.

You can not escape. Artie, I pray for you!

Hey solid, of course I can escape the gov't. I have accumulated enough '70's silver art bars to build a silver art bar island. As a matter of fact, I plan to build my silver art bar island right next to Ponces's silver island. All silver art bar collectors will be welcome to live on my silver art bar island. As for the pepperoni pizza and OJ, I will have to just buy that from the black market and sneak it back to my silver art bar island. I am not worried about the RFID chips embedded in the Netflix movies because I have a special internet connection that will zap the RFID chips.

The only thing that I have left to do is to collect 3 rolls of tp from Ponce since I am going to win my bet with Ponce since it is a forgone conclusion that silver will NOT hit $50 this year.

You can also come to my silver art bar island but on one condition. That condition is that you have to find me a date.

[mick silver]

the reason your seeing the price of gold an silver moving up is because the people around the world will no longer trust the buck . hell raise the debt some more . there adding up what there seeing in there own country and there seeing that we have cause this with all are high debt . silver and gold will go higher ... they can beat the dog all they want ,,, but the train has left the station

[Twisted Titan]

So jim sinclair was right just off by several months

good on him

[Large Sarge]

I am seeing $41.99

[Awoke]

As a matter of fact, I plan to build my silver art bar island right next to Ponces's silver island.

Don't you mean "Ponces's Toilet Paper Island"?

[gunDriller]

http://oi53.tinypic.com/21d517n.jpg

archived for posterity.

[Dogman]

Don't you mean "Ponces's Toilet Paper Island"? Tp + water = Deteriorating Assets!

[solid]

You can also come to my silver art bar island but on one condition. That condition is that you have to find me a date.

;D You got it, Art. I'll sail on over to Silver Art Bar Island and will bring you pepperoni pizza, OJ, and some nice bikini clad ladies.

I think WTSHTF, I'll start up a business delivering goodies to all these silver islands that may pop up. ;D

[Dogman]

;D You got it, Art. I'll sail on over to Silver Art Bar Island and will bring you pepperoni pizza, OJ, and some nice bikini clad ladies.

I think WTSHTF, I'll start up a business delivering goodies to all these silver islands that may pop up. ;D

Solid and Outlaw. Here are the coordinates for a good place for you both can start.

18°20'18.05"N 78°20'27.48"W

Solid in Google earth just copy the coordinates here and past into the search bar in Google earth. Or you can use Google maps. ;D


540

[1970 silver art]

;D You got it, Art. I'll sail on over to Silver Art Bar Island and will bring you pepperoni pizza, OJ, and some nice bikini clad ladies.

I think WTSHTF, I'll start up a business delivering goodies to all these silver islands that may pop up. ;D

Hey solid, make sure that you bring enough bikini clad ladies because I might get bored with just one. :) If you bring me enough bikini clad ladies, pepperoni pizzas, and OJ to keep me happy (and fat), then I MIGHT reward you with a couple of silver art bars. :)

If I am in a good mood, then I might also share a part of my tp winnings with you after I successfully collect 3 rolls of tp from Ponce after I win my bet with him. :)

[Joe King]

If you bring me enough bikini clad ladies......

Huh? I thought I'd read awhile back where you had sworn off of those. Had a change of heart? lol

[Dogman]

Joe one nice thing about life is everyone has the option to change their minds, now and then.

Outlaw you really need to google those coordinates in my post, and hit the search button twice and look for the green arrow.

Perfect place to find women, bikinis optional.

544

[solid]

Hey solid, make sure that you bring enough bikini clad ladies because I might get bored with just one. :) If you bring me enough bikini clad ladies, pepperoni pizzas, and OJ to keep me happy (and fat), then I MIGHT reward you with a couple of silver art bars.

You MIGHT reward me, oh really?;D

Pizza's, OJ, and bikini gals is a tall order, but I'll do my best because I do believe in customer service...however, if a customer takes advantage of that, I've got an idea.

Instead of bikini dancing girls, I'll drop off Ximmy on your Art Bar Island. Ximmy likes to spank men, so a month or so with Ximmy...and I think any customer would appreciate my service after that. ;D Ha ha!!

[Joe King]

I was hopin' he did change his opinion.

[1970 silver art]

I was hopin' he did change his opinion.

Nope. I am standing my ground when I say that silver will NOT hit $50 this year. I am not backing down from that. :)

[1970 silver art]

You MIGHT reward me, oh really?;D

Pizza's, OJ, and bikini gals is a tall order, but I'll do my best because I do believe in customer service...however, if a customer takes advantage of that, I've got an idea.

Instead of bikini dancing girls, I'll drop off Ximmy on your Art Bar Island. Ximmy likes to spank men, so a month or so with Ximmy...and I think any customer would appreciate my service after that. ;D Ha ha!!


NOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!

Are you crazy? Bringing Ximmy to my silver art bar island will create chaos and bring down my happiness level. Just bring the "normal" bikini clad ladies. :)

[Hatha Sunahara]

Here's a pretty good explanation of why PMs will rocket upwards. The idea that the Debt ceiling increase was just a stalling maneuver for an inevitable collapse. People are running to safety.


Hatha

http://usawatchdog.com/debt-deal-passing-deficit-will-grow-while-economy-shrinks/
Deficit Will Grow While Economy Shrinks

3 August 2011

Greg Hunter’s USAWatchdog.com I appreciate what the Tea Party and folks like Congressman Paul Ryan are trying to do. Mr. Ryan, who is the House Budget Committee Chairman, said when the debt deal passed, “This is a down payment on the problem and it’s a good step in the right direction.” Ryan went on to make what is probably the most important point, “And it is a huge cultural change to this institution.” Amen to that Mr. Congressman, but this debt reduction bill is like trying to bail water out of a battleship with a thimble.
This “step” should have been taken a long time ago. The new legislation will add $2.4 trillion to the $14.3 trillion national debt in a little over a year. And we don’t even start saving money until after the debt reaches $16.7 trillion! This bill doesn’t even cut the deficit. It just slows the growth of government spending to around 8% a year! So, even if Congress cuts $2.1 trillion out of the budget over the next 10 years, we will still be running annual deficits of more than $1 trillion. That rosy scenario is only possible if the economy does not get any worse. Recent economic data is signaling American business activity is about to take another cliff dive. Housing is bottom bouncing with a shadow inventory that is now 3.35 million homes and growing. The true unemployment rate is now 22.7% (if computed the way BLS did it in 1994). The recent year over year 1.6% growth reported by the Bureau of Labor Statistics in the Gross Domestic Product (GDP) is a statistical crock, according to economist John Williams of Shadowstats.com. (http://www.shadowstats.com/index.php) In his most recent report, Williams said, “The SGS Alternate-GDP estimate for second-quarter 2011 is an approximate annual contraction of 2.8% versus the official estimate of a 1.6% gain. Such is more negative than the alternate 2.6% annual contraction (2.2% official gain) in the first-quarter.” Double-dip here we come.
So, in reality, the economy is contracting at an increasing rate compared to last year–not expanding. Things have turned so negative recently; there is increasing chatter on mainstream media about a third round of quantitative easing, or money printing (QE3.) You might remember a post I wrote this past January where I said, “In summary, all the experts I polled think QE Will Not End. That will surely mean an imploding U.S. dollar and exploding inflation. This is scheduled to happen by the end of June, making this the most predictable financial calamity in history.” (Click here for the complete post from January 2011.) (http://usawatchdog.com/economic-stimulus-quantitative-easing-qe3/) What is happening today? The dollar is tanking, gold is on a tear, and the economy is headed for another fall.
Bill Gross, head of the world’s biggest bond fund (PIMCO), thinks QE3 is probably on its way too from the Fed, but in a different form than QE2. Gross said yesterday he was not impressed with the recent deficit reduction deal. Gross called it a “sound and fury significantly nothing type of event,” or, in other words, just a lot of noise. On CNBC, he went on to say, “I mean there’s been $1 trillion of cuts, but they’re basically back loaded. Nothing takes place in 2012. It all begins in 2013. And actually, it’s slower economic growth if it comes as we suggest. It probably will increase the deficit more than these packages will decrease it.”
What do you think will happen to tax receipts coming into the federal government if the economy tanks? If you guessed the government will collect less money in taxes, you are correct. Not only will the deficit grow, but the $2.4 trillion that is supposed to last through the 2012 election is going to be used up at a much faster pace. Peter Schiff, President of Euro Pacific Capital, said this week on FOX, “The one bit of irony here is the President thinks they’ve raised the debt ceiling enough to get through the next election. I think he’s probably wrong. I think the economy is going to be so weak between now and then that the deficit is going to be so much worse than they think, it’s going to be that we might run into the debt ceiling long before the November election.”
I hate to break this to Congress, but America does not have 10 years to get its house in order. There have been recent predictions by financial experts of another economic meltdown by the end of 2012 or beginning of 2013. (Click here for more on the coming economic collapse prediction.) (http://www.theburningplatform.com/?tag=ray-dalio) Something has to be done now, and we just lost an opportunity to truly turn the ship of state around. Like her or not, that is exactly the same point Congresswoman Michele Bachmann made this week in a FOX News interview when she talked about thousands of recently announced layoffs. She said, “. . . Cisco is laying off 6,500 employees. Boeing who would love to add thousands of jobs in South Carolina and now it’s that they’re laying off 1,100 jobs in California. . . . these companies . . . can’t make cuts over 10 years. They have to make them immediately. Government doesn’t act like that.” (Click here for the complete Bachmann interview.) (http://www.foxnews.com/on-air/hannity/2011/08/02/how-will-debt-debate-affect-2012)
I don’t know if I would vote for Ms. Bachmann for President, but I find it difficult to disagree with her logic on this subject. By the end of next year, America will be in debt to the tune of $16.7 trillion. That staggering amount is way more than all the goods and services the country produces in a year.

[solid]

NOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!

Are you crazy? Bringing Ximmy to my silver art bar island will create chaos and bring down my happiness level. Just bring the "normal" bikini clad ladies. :)




OK, maybe I'll bring Ximmy to Ponce's silver island instead. He seems like he could use some Ximmy treatment. ;D

Remember, be nice to the boatman though! We bring you stuff!

I'll start wrangling up some bikini ladies. Should be a fun project. ;D

[Joe King]

Just don't be damagin' the goods en-route, ok?
ie no free samples. lol

[solid]

Just don't be damagin' the goods en-route, ok?
ie no free samples. lol

You have my word, the ladies will be well taken care of en-route. They will be happy and loving life upon arrival...that being said, I will do whatever it takes to keep them happy until they get there. What happens at sea...stays at sea. ;D

[1970 silver art]

OK, maybe I'll bring Ximmy to Ponce's silver island instead. He seems like he could use some Ximmy treatment. ;D

Remember, be nice to the boatman though! We bring you stuff!

I'll start wrangling up some bikini ladies. Should be a fun project. ;D

PHEW!!!!!!

That was close. You had me worried for a minute when you mentioned Ximmy. I feel better now. That's a good idea to bring Ximmy to Ponce's silver island because the "Ximmy viagra" might work some wonders on Ponce. :) :) :) I promise to be nice to the boatmen that enter my silver art bar island and I will pay them (in silver art bars).

[gunDriller]

OK, maybe I'll bring Ximmy to Ponce's silver island instead. He seems like he could use some Ximmy treatment. ;D

Remember, be nice to the boatman though! We bring you stuff!

I'll start wrangling up some bikini ladies. Should be a fun project. ;D

http://supersurf.abril.com.br/blogs/beach-girls/files/2010/11/018.jpg

can i have a ticket for the Raffle ?

which Raffle, you ask ?

the silver bar Raffle !

[platinumdude]

1666 just hit again. And pretty quickly too.

[mick silver]

gold 1680.00 silver 42.13

[MNeagle]

Dow diving too:

http://www.finviz.com/image.ashx?dow&rev=634480496780625000

[Libertytree]

I wish we had a Dow and a USD ticker on the main page for comparisons. There's a little space to the right of the metals ticker that would be perfect for'em.

[1970 silver art]

gold 1680.00 silver 42.13

Only to end down $2.85 at the close of business today (5:15 PM) to $38.88. :) More smack down action to come for silver. :)

[Joe King]

Hey Art, it's all the way back up to $38.93 now.....so there! lol


Don't be so tough on the dog, man.

[1970 silver art]

Hey Art, it's all the way back up to $38.93 now.....so there! lol


Don't be so tough on the dog, man.

Don't get too happy yet because it won't last IMO. More downside to come. Just wait until tomorrow morning and you will see. I do not mean to be hard on the DOG but I did not trust this rally from the $34 level at all to begin with.