PM's are getting dick stabbed

[General of Darkness]

I was gone all day and when I got back to the hotel I was surprised to see what I saw.

Gold under $1600 and Silver under $30. They really seemed to have stabilized over the past few weeks.

Everyone is talking financial doom in the Euro, the KWA, literally everywhere. So to see this is very surprising. The only thing I can see is that there's more discussions of going back to the gold standard, so they have to push the price down to reduce the pain in the initial buy in.

Any thoughts?

[Neuro]

There ain't gonna be no gold standard. They are reinforcing their Strong Dollar illusion, pushing down paper gold price is their smoke and mirrors. It is a good time to buy PM's. 2500 gold and 100 Silver in May 2012!

[Twisted Titan]

love me a fire sale.......absolutely love it like manna from heaven

[mamboni]

Us government-FED is bluffing the entire world trying to create dollar strength. The COMEX paper suppresses the prices of silver and gold, especially silver. As long COMEX has just one 1000 oz bar of registered silver the suppression will continue. The economy of the developed world is in deleveraging mode driven by demographics and debt saturation. This trend is reinforcing FED policy vis-a-vis dollar strength. And I think the depressed US economy and labor surplus has damped any inflation. So the FED continues to monetize and buy $1 trillion governent deficits yet there is little to no inflation. The dollar appears strong. The EURO situation only makes the dollar look that much better. But there is a problem. The PTB cannot allow the US economy to persist in this depressed state with record structural unemployment forever. The demonstrations on Wall Street are a harbinger of rising domestic anger and seething resentment towards the monied interests. At some point the FED will capitulate to political pressure and announce a massive QE3. When that happens, the dollar rally will end abruptly, inflation will roar and silver and gold will awaken out their coma and resume their bull rallies to higher prices.

[undgrd]

No real change until 25% of the currently employed are unemployed with no savings. Notice I said change. Could be good or bad...just ask Obummer.

[gunDriller]

as far as the Collapse of 2011/12 - i don't think we've seen the most terror-stricken financial panic yet.

they keep duct-taping things back together.


i think they're preparing their New Improved Financial Duct Tape, and will unveil it when when even Bridget Brown (Ms. "Gold isn't backed by the US government") is shitting bricks.

sort of the same way they had the Patriot Act shelf-ready on 9-11.

[mamboni]

Considering how tight governments and central banks have been of late vis-a-vis monetary policy, gold has held remarkably well. Silver has been bludgeoned to be sure; but from a 10 year chart perspective it has still done quite well. The thing is, the US FED and the ECB cannot extend and pretend much longer. The economies are deteriorating and the unemployment lines are getting longer and longer. Street protests here in the USA and in Europe are becoming a fixture, a permanent phenomenon. The situation is smoldering and threatening to erupt into the flames of revolution. TPTB have two options:

1. Reinflate the system with massive new monies from monetization, which will devalue currencies, cause inflation, drive up the cost of living and simultaneously buy some time for the banks and governments. The sugar high will wear off after a few months at which point there will be even more unemployed folk and they will be much more pissed off as their costs of food, fuel and laife's essentials will have them living desperate lives.

2. Face the music and accept that reinflation is futile and instead begin massive reform of the finanacial system and government:

a. nationalize the banks and break them up - liquidate select debt
b. massive debt forgiveness of the public
c. repeg to dollar to a stable basket centered on gold - disband the FED and write off the debt

Choice 2 will not happen by choice. Choice 1 will be selected and when it ultimately fails, choice 2 will be forced upon us by the ensuing crisis/collapse. Time frame: 2-3 years???

[Neuro]

Choice 2 will not happen by choice. Choice 1 will be selected and when it ultimately fails, choice 2 will be forced upon us by the ensuing crisis/collapse. Time frame: 2-3 years???
Yes, I believe you are spot on in your analyzis Mamboni. 2-3 years seems like a reasonable time frame too, but the financial systems start to become so destabilized it can happen any time, or they could be very successful in their financial engineering and manage to keep the leaking ship from kealing over in 5 years. But it all depends on the weather...

[mick silver]

the more they dick stab the more i buy . sooner then later they will find this out the more they try and fuck everyone the more guys like me buy this stuff an at that time this stuff will not be cheap as it is today