PM's going into a deep dive...

[EE_]

now that all is well in the world again. Greece is fixed for the next 10 years, Iran deal is done, Puerto Rico is a non-event, China is rolling again, stock market breaking records and the US economy is booming.

Wish I had sold all PM's two years ago and bought Netflix.


https://www.youtube.com/watch?v=1R2GS6ztyP4

[Silver Rocket Bitches!]

Platinum is sub $1k. Everywhere you look there are huge delays in ordering silver due to such high demand. Premiums are through the roof. Dealers want $5 over spot for Silver Eagles. Junk silver has a 30% premium. The paper game is the only thing keeping the metals down. What is keeping Comex from default? Paper settlements. China just picked up 50% more gold in a month. I visited my LCS and they said they can't hold on to any silver even with the increase in premiums.

[Ares]

Platinum is sub $1k. Everywhere you look there are huge delays in ordering silver due to such high demand. Premiums are through the roof. Dealers want $5 over spot for Silver Eagles. Junk silver has a 30% premium. The paper game is the only thing keeping the metals down. What is keeping Comex from default? Paper settlements. China just picked up 50% more gold in a month. I visited my LCS and they said they can't hold on to any silver even with the increase in premiums.

Yep, Ebay is a good indicator of where the metal prices are really at. My dealer back home would cut me deals, still trying to find a good precious metals dealer here in the Carolina's.

[Shami-Amourae]

We live in a virtual economy now. Supply and Demand don't matter anymore until there's no more Supply.


I don't think the economy has been this controlled more than any other time in known history.

[EE_]

Yep, Ebay is a good indicator of where the metal prices are really at. My dealer back home would cut me deals, still trying to find a good precious metals dealer here in the Carolina's.

I haven't found one here that I want to do business with yet.
Might as well just call CNI https://www.golddealer.com/product-category/products-2/bullion/silver-bullion-coins-and-bars/
Eagles $3.50 over spot
Maples $2.50 over
J&M's $2.25 over
Generic $1.00 over

[EE_]

We live in a virtual economy now. Supply and Demand don't matter anymore until there's no more Supply.


I don't think the economy has been this controlled more than any other time in known history.

Yep, and there's probably a 10 year supply still

[Horn]

Every Netflix passes over a series of gold plated connections, of which the industry std. thickness was reduced from .05 microns to .02 microns in the early 90's when offshoring to China and Mexico occurred.

Its only a matter of time before those thinner plate connections fail from use and corrosion. lol

Santa is way better at this entropy stuff than me.

[ximmy]

Britannias were 17.50 when spot was 14.98 I think)

right now they are at 18.13 and spot is 14.87 so premiums are rising.

[milehi]

I bought yesterday. Generic buffalo rounds from monarch precious metals. They were a buck over spot. I'm gonna get some more after I post this.

[gunDriller]

http://www.images-apmex.com/images/Catalog%20Images/Products/35629_Rev.jpg?v=20150713115108&width=900&height=900

i think these are beautiful examples of Silver.

the 100 ounce cast Johnson Matthey.

speaking of Deep Dives, in the event of a boating accident, the heavier bars fall faster.

[madfranks]

i think these are beautiful examples of Silver.

the 100 ounce cast Johnson Matthey.

speaking of Deep Dives, in the event of a boating accident, the heavier bars fall faster.

I can't get myself to buy any 100 oz bars. The risk of them being drilled and filled is too high.

http://about.ag/pics/lead/Phoney100ozSilverBarCloseup.jpg

For me, 10 oz bars are as large a weight as I'll get.

[expat4ever]

will the specific gravity test pick this up?
I can't get myself to buy any 100 oz bars. The risk of them being drilled and filled is too high.

http://about.ag/pics/lead/Phoney100ozSilverBarCloseup.jpg

For me, 10 oz bars are as large a weight as I'll get.

[BrewTech]

I can't get myself to buy any 100 oz bars. The risk of them being drilled and filled is too high.

http://about.ag/pics/lead/Phoney100ozSilverBarCloseup.jpg

For me, 10 oz bars are as large a weight as I'll get.

First two 100's I bought from Apmex were so fucked up I couldn't believe it. Sent them back. They did send me two new ones in the factory packaging, and I traded them. No more 100's for me.

Oh who am I kidding... I'm lucky to pull a generic round these days... LOL.

[skid]

My 16 year old son picked up 20 oz's of Maples today. Smart kid. I told him to buy some every paycheck (he works at a grocery store in town). His girlfriend bought some too...

[Serpo]

now that all is well in the world again. Greece is fixed for the next 10 years, Iran deal is done, Puerto Rico is a non-event, China is rolling again, stock market breaking records and the US economy is booming.

Wish I had sold all PM's two years ago and bought Netflix.


https://www.youtube.com/watch?v=1R2GS6ztyP4

Things are not quite so rosy.........


The Bankruptcy Of The Planet Accelerates - 24 Nations Are Currently Facing A Debt Crisis

http://www.zerohedge.com/news/2015-07-17/bankruptcy-planet-accelerates-%E2%80%93-24-nations-are-currently-facing-debt-crisis

[aeondaze]

Things are not quite so rosy.........

The Bankruptcy Of The Planet Accelerates - 24 Nations Are Currently Facing A Debt Crisis

http://www.zerohedge.com/news/2015-07-17/bankruptcy-planet-accelerates-%E2%80%93-24-nations-are-currently-facing-debt-crisis

I can't believe people can't see whats coming down the pike. I asked then "why do you think they run our nations like bad credit cards" and they stare at me blankly.

The answer is they WANT it ALL. EVERYTHING.

Its not enough for them the way things are now, while there is still this perception among the lowliest that freedom and liberty are corner stones of our civilization. They're going to ram rod each and every western nation into subjugation through debts owed, Greece is the example. This was the whole point of indebtedness in the first place.

Its just a matter of time....they'll see soon enough.:(

[Serpo]

Yes greed is no good in half measures they want EVERYTHING,mainly because they have nothing .......nothing inside themselves with any meaning that is...............

[gunDriller]

I can't get myself to buy any 100 oz bars. The risk of them being drilled and filled is too high.

http://about.ag/pics/lead/Phoney100ozSilverBarCloseup.jpg

For me, 10 oz bars are as large a weight as I'll get.

obviously a valid concern and one of the reasons I prefer 1 & 10 ounce sizes.

the extruded bar is much easier to counterfeit. in order for it to be convincing, surface finish has to be matched convincingly - as does weight (specific gravity).

the extruded bar is very rectangular. much easier to put in a machinist vise and start drilling.

restoring the cast bar surface finish after a machining/ counterfeit operation is very difficult.


what else PM holders are up against - just do a search for "1/4 inch diameter tungsten rod".

you can buy it on eBay. more a concern for holders of Gold, e.g. the 100 gram "Tare" bar (popular in Asia). one of the counterfeit photos out there for gold is of a Tare bar cut in half with tungsten rods showing.


since the PM etailers are getting thoroughly cleaned out ... i went to sleep last night thinking about moving funds around to buy 1 ounce Pd + 1 ounce Pt + a 100 ounce Silver bar.

got up this morning. Pamp Suisse Pd & Pt CLEANED out.

what's left - a 100 ounce bar from Ohio Precious Metals - that's recycled metal (which is OK). anyway, a recycler is the "last man standing", as the miners get (sort of) cleaned out.

Perth Mint still has lots of Gold bars, and that's mine-sourced.

[Shami-Amourae]

Interesting thread on recently drop in PM prices on 8chan:
https://8ch.net/pol/res/2662530.html#2662530

[1970 silver art]

Britannias were 17.50 when spot was 14.98 I think)

right now they are at 18.13 and spot is 14.87 so premiums are rising.

As long as spot silver continues to go down, then premiums will continue to rise on a lot of the silver products with rising demand for it. SAE premiums have risen (now to over $5 over spot for common dates) at some of the LCS in my area. Premiums on 90% is also high (and rising) from what I have been hearing and reading on various gold and silver forums. With it being the Summertime, then silver (and gold) will remain week and continue to go down from current levels. Premiums for .999 generic silver are also rising based on my visits to some of the LCS in my area.

[Shami-Amourae]

Any comments on Platinum?

I don't remember prices being this low in the entire time I've been into Precious Metals.

Also Palladium has been the most stable metal to be in.

[milehi]

Several years ago, when silver dropped from 15 to nine an oz, I couldn't find anything for sale. So I bought a handgun, which hasn't depreciated.

[Shami-Amourae]

I'm thinking of building an AR-15. Dunno where to start though.

[milehi]

Me too. But in .308. I'm still in CA so I was thinking about a 80% lower.

Edit- My 67 year old mom built a AR last winter. She never even said anything until it was finished. She bought most of the components on line after getting treated like shit at the local SoCal chain gun shop,Turners. Off the top of my head, she went with a Stag lower, PSA upper, Vortex scope ect

[Shami-Amourae]

Me too. But in .308. I'm still in CA so I was thinking about a 80% lower.

Wish you'd leave California.

You deserve better.

[gunDriller]

I'm thinking of building an AR-15. Dunno where to start though.

Larry Potterfield (CEO of Midway USA) has a video where he builds an AR-15 lower from scratch.

http://www.midwayusa.com/general.mvc/index/videolibrary

An ambitious project ... but perhaps an informative video.

[1970 silver art]

Several years ago, when silver dropped from 15 to nine an oz, I couldn't find anything for sale. So I bought a handgun, which hasn't depreciated.

That was a similar situation in my local area in 2008 when spot was in the $9 - $10 range when I was searching for '70's silver art bars to collect. A lot of the time there was nothing to be found. If there was any '70's silver art bars or any .999 generic silver, it was selling for $5-$6 over spot. If there were any SAE's available, then it was selling for around $6-$7 over spot. Even at those premiums in 2008, they were getting cleaned out of silver.

When spot silver continues its decline to $13, $12, $11 and to eventually $8, I see premiums continuing to increase as well as more delays and increased delivery times for silver to be shipped as well as the major online dealers such as APMEX having server "issues" when their website is overwhelmed with buyers snatching up everything.

[milehi]

Wish you'd leave California.

You deserve better.

I'm about to eject. I closed my business and sold my house. And a couple cars. I'm helping my mom wrap shit up and then I'm off like a prom dress. I have tons of ten round mags for sale. Lol.

[EE_]

I'm about to eject. I closed my business and sold my house. And a couple cars. I'm helping my mom wrap shit up and then I'm off like a prom dress. I have tons of ten round mags for sale. Lol.

Sounds serious.
Let us know where you land. Hope you get a great home and property.
Best of luck!

lol @ the 10 rnd mags

[Cebu_4_2]

Anyone play pre and aftermarket? Usually whatever is going on Premarket is opposite after the open.

[1970 silver art]

The PM dive continues..............Gold at $1109 and silver at $14.63. New lows have been reached in an intra-day basis.

[ximmy]

The PM dive continues..............Gold at $1109 and silver at $14.63. New lows have been reached in an intra-day basis.

I don't care if it goes down to a dollar. I will still have a dollar and others will have a federal reserve note.

[expat4ever]

I'd be shocked if the trend reversed itself in the summer. Lower prices in the summer? How could anyone possibly think anything different unless you just got into the game.
There's probably a few dollars to be made by shorting in may and covering in the fall every year. If you play the paper game.

[EE_]

I'd be shocked if the trend reversed itself in the summer. Lower prices in the summer? How could anyone possibly think anything different unless you just got into the game.
There's probably a few dollars to be made by shorting in may and covering in the fall every year. If you play the paper game.

Even if the trend reversed, it will be met with heavy selling. It will take a major currency event to light a fire under gold. I don't see that happening anytime soon.

[Sparky]

Martin Armstrong this morning:

"Gold opened the week in Asia with a bang – down nearly $44 at the low of $1083. This is right on target for our Panic Cycle this week. Gold is sharply declining, it will break the $1,000 level, and then everyone will start to look for $600–$700 area.

We can see our Energy Models negative turn, so a washout to the downside was in order. Everything remains on target as we move closer to the Benchmark targets. Keep in mind that many will begin to refuse to sell, while others will use this to claim prices should rally, as they are doing with the U.S. Mint after stopping the production of silver Eagles. This is by no means BULLISH – it will have no impact upon price."

At the 2011 peak, he predicted a 3-5 year down cycle for gold. At this point, he's pointing to the upcoming Oct 1 "Big Bang" date as a potential bottoming area. So one possible scenario is a brief rebound, then a horrifying plunge to $600-$700 as the final washout. I do notice that he says "everyone will start to look at $600-$700", without actually predicting it himself. He can be purposefully vague.

[madfranks]

All of us who have been stacking since 2011 would have been better off just holding fiat cash under the mattress instead of precious metals. I have to ignore this fact, otherwise I would get very depressed. I remember when silver was approaching $50 and I was convinced that $50 was going to be the new normal for silver.

I think this is one reason Mamboni left the forum. He stacked higher and deeper than anyone else, buying up monster boxes when silver was twice what it is now. Imagine losses of 50% on your investments over the last couple years. For those of us who believe in metals over counterfeit fiat money, that's where we are.

[Shami-Amourae]

All of us who have been stacking since 2011 would have been better off just holding fiat cash under the mattress instead of precious metals. I have to ignore this fact, otherwise I would get very depressed. I remember when silver was approaching $50 and I was convinced that $50 was going to be the new normal for silver.

I think this is one reason Mamboni left the forum. He stacked higher and deeper than anyone else, buying up monster boxes when silver was twice what it is now. Imagine losses of 50% on your investments over the last couple years. For those of us who believe in metals over counterfeit fiat money, that's where we are.

I actually think Gold will go down to $600-700 like Armstrong says.


I don't think the public will ever flood into Precious Metals. Digital currencies will replace cash and people will just think of PMs as relics of the past. Rich people will probably still horde them though.



I actually have more hope in Bitcoins than I do in Precious Metals.


Also ammo and firearms are always a solid investment. I don't think anyone on this forum will dispute me on that.

[expat4ever]

Buying PM's as an investment is different than buying to preserve wealth. If buying as an investment than buying on a pullback from the high is fine as long as the downward trend is broken. It hasnt been broken yet. The other excepting to that rule would be if you are DCA.
Once the downward trend is broken than buying as it goes up at any price is fine as long as you decide where you want to take profits. Again this is if you are using them as an investment.
If your using them as insurance than allocating 10-15 and maybe even 20% is is about what you want. Make your money playiin paper and sleep well at night in case things go crazy overnight.

All of that being said, even talking to mainstream people that I know they feel like something isnt right and something is going to give soon. Of course they have no idea what nor do they understand the economy or the lies being spewed but they definitely have a sense that the lies on TV just dont make sense anymore.

Right now I am in a holding pattern. Not really trying to find the bottom but I dont feel like I will miss anything by waiting a little longer. In the next couple weeks i may start nibbling though. At this point I think the downside risk is less than the upside potential. Even a 50% haircut from here is a small loss and since I will be buying on the way down from here anyway then that risk is even smaller. If I buy 200 at 14 and 400 at 8 my DCA is only 10 on these purchases. Its just the strategy I am using. My highest purchase was at 34. It was a smaller purchase though and I ended up selling it at 28. Small loss but no biggie. Even factoring that in my average is still very low.

[Hitch]

I actually think Gold will go down to $600-700 like Armstrong says.

I actually hope it does. I'd love to add a St. Gaudens double eagle to my meager stack. I haven't added much to that stack recently, a good buying opportunity would be nice.

[madfranks]

I don't think the public will ever flood into Precious Metals. Digital currencies will replace cash and people will just think of PMs as relics of the past. Rich people will probably still horde them though.

I actually have more hope in Bitcoins than I do in Precious Metals.

I'm trying to cover my bases in this regard as well. I can only imagine how wealthy I'd be now if I put a couple grand into bitcoins back in 2011 instead of some rolls of silver eagles. I now have cold wallets storing BTC and LTC offline which I don't plan on doing anything with until at least 2020. We'll see where we are at that time.

[Cebu_4_2]

I sold everything but a small stash that was my kids when we had to move, low to mid $40s at the time. My avg was around $13 so that was one of the best trades I did.

The market gave me a 90% haircut so that game is done until some serious restructuring of that rigged game happens. Prior to that my company was just a hobby as trading was a good life and I could do that anywhere on this planet. Now I am rebuilding the business, I would have never have guessed this outcome.

[Serpo]

"The deliberate intervention in the gold market, which happened early today with the selling massive amounts of paper gold when physical gold began trading in Shanghai, was meant to embarrass China because it dared to announce an increase in its gold reserves.
The Intervention Also Had Two Other Objectives
The intervention also had two other objectives. It was meant to scare any remaining weak hands into thinking that the United States still holds all the monetary cards and can bend the price of gold to its will. It also provided an opportunity for the bullion banks to cover short positions with massive profits by creating a selling climax with huge volumes being traded as the gold price fell.

http://kingworldnews.com/u-s-and-western-central-banks-have-now-declared-war-against-china-russia-the-rest-of-the-brics/

[Serpo]

I actually think Gold will go down to $600-700 like Armstrong says.


I don't think the public will ever flood into Precious Metals. Digital currencies will replace cash and people will just think of PMs as relics of the past. Rich people will probably still horde them though.



I actually have more hope in Bitcoins than I do in Precious Metals.


Also ammo and firearms are always a solid investment. I don't think anyone on this forum will dispute me on that.


That should be interesting when the cost of mining gold is around $1100 an oz.............



still the miners wont mind mining this stuff and giving it away at a massive loss............

[Hitch]

That should be interesting when the cost of mining gold is around $1100 an oz.............



still the miners wont mind mining this stuff and giving it away at a massive loss............

Good point, and silver, isn't silver something like $25 an ounce to mine? Most of it, I've heard is a bonus from gold mining.

[Serpo]

Good point, and silver, isn't silver something like $25 an ounce to mine? Most of it, I've heard is a bonus from gold mining.

Correct , between 20 to 25$ for silver miners.......would of mentioned that also except because 70% of silver is a by product , means a lot of it gets mined and sold whatever the price.

[Jewboo]

All of us who have been stacking since 2011 would have been better off just holding fiat cash under the mattress instead of precious metals. I have to ignore this fact, otherwise I would get very depressed. I remember when silver was approaching $50 and I was convinced that $50 was going to be the new normal for silver.

I think this is one reason Mamboni left the forum. He stacked higher and deeper than anyone else, buying up monster boxes when silver was twice what it is now. Imagine losses of 50% on your investments over the last couple years. For those of us who believe in metals over counterfeit fiat money, that's where we are.

https://gs1.wac.edgecastcdn.net/8019B6/data.tumblr.com/aafde83a26c919d9a0ae805e6b6af482/tumblr_mstzxte69Q1sgv3ado1_500.gif

He was also frantically posting multiple BUY SILVER to da moon threads left and right just before he bailed from GSUS. Ranting. I might have diplomatically (:rolleyes:) disagreed with him in a thread or two.

I got off lucky joining the emotional gold GAE rollercoaster at $560 via GIM1. Just dumb luck at a much better (earlier) time. Never bought any silver. I would not recommend PMs to anybody now. Beans, bullets, and band-aids is more sane. No hoarding. No stockpiling extra shit for "barter" with the zombies. After decent Preps my advice to the young is get off the internet and go out and enjoy a real Life including plenty of sunshine and exercise.


https://www.youtube.com/watch?v=TWfph3iNC-k
HEY XIMMY...PUT DOWN THOSE PRETTY COINS AND GO BUY A WINGSUIT

:)

[Shami-Amourae]

I'm starting to think that way too Jewboo. I'm almost 100% complete with the preps I want, and basically just trying to save up to get some real estate so I can finally garden and have chickens.

http://www.gardeningknowhow.com/wp-content/uploads/2013/09/chickens-400x259.jpg

:D

[Jewboo]

I'm starting to think that way too Jewboo. I'm almost 100% complete with the preps I want, and basically just trying to save up to get some real estate so I can finally garden and have chickens.

:D


http://www.motto.net.ua/large/201209/3675.jpg

If you really agreed with my thinking you would be saving up for one of these.


:)

[ximmy]

I've been thinking of buying a new car, but they are such a rip off. I usually buy one 1 or 2 years old for a better deal. I sure like those new mustangs.

My friend bought a Camaro ZL1 SS with recaro seats. I think the mustang gt could beat it.

can you see ximmy in this?
http://my.carid.com/sites/default/files/u2279/f_35_lightning_ii_edition_mustang_gt_7.jpg

[Hitch]

If you really agreed with my thinking you would be saving up for one of these.


:)

Book, I agree with your line of thinking. I'm done buying gold and silver (for now). I'm not saving up for a motorcycle, I'm saving up to buy a boat and start my own charter business. I want to be free and work for myself. If I get this off the ground, I will offer a free charter to go have some fun for anyone on this forum, should they find themselves passing through my neck of the woods.

[Jewboo]

can you see ximmy in this?



http://image.trucktrend.com/f/8321203+w660+h495+cr1/0508_03z%2Bcustom_pink_hummer_h2_sut%2Bfront_right _view.jpg

Something more like this. Not driving a car around smoggy Pasadena...lol.

I want Ximmy up in the mountains or better yet moving to the Pacific Whitey West like Idaho or Montana or Eastern Oregon. Outdoorsy stuff in the fresh air. Maybe some water stuff too:

http://www.visitstanleyidaho.com/wp-content/uploads/2011/01/river-company.jpg

:) Oh. You Cali girls don't remember what water is...lol

[Hitch]

http://www.visitstanleyidaho.com/wp-content/uploads/2011/01/river-company.jpg

Where did you get this photo? The guy on the far left looks just like me, and I ain't been rafting in Idaho, that's for sure.

[Shami-Amourae]

http://www.visitstanleyidaho.com/wp-content/uploads/2011/01/river-company.jpg

:)

You can kayak up and down the Snake River and go right under Shoshone Falls.


http://cdn.c.photoshelter.com/img-get/I0000VQ0uW7nBU3Y/s/900/900/D-592-197.jpg

http://mountainsmith.com/blog/wp-content/uploads/D-925990.jpg

Or just jump off the Perrine Bridge. We get 125 jumpers a day typically from around the world. It's legal, free, and you don't need to ask any permission from the government.

https://www.youtube.com/watch?v=W7XyB9RxT0g

[Shami-Amourae]

Where did you get this photo? The guy on the far left looks just like me, and I ain't been rafting in Idaho, that's for sure.


http://www.visitstanleyidaho.com/snorty-whitewater

[Jewboo]

http://www.boisethegreat.com/images/articleimages/riverfloat_floatmap.jpg

Boise River runs right through the middle of town and a couple of blocks from City Hall and the University:

https://1.bp.blogspot.com/-GOanSSSlsdA/U7mbvh_EbMI/AAAAAAAAUc8/vMXT4ajhDcM/s1600/Boise+River+portage.jpg

https://upload.wikimedia.org/wikipedia/commons/6/60/Tubers_Float_the_Boise_River.JPG

http://media.idahostatesman.com/smedia/2015/06/12/07/43/1gQhx4.AuSt.36.jpeg

:)

[Hitch]

Or just jump off the Perrine Bridge. We get 125 jumpers a day typically from around the world. It's legal, free, and you don't need to ask any permission from the government.

We get jumpers off the Golden Gate Bridge, here. They don't ask permission from .gov either. They don't seem to be as happy and enjoy life, like your jumpers.

[Hitch]

http://www.boisethegreat.com/images/articleimages/riverfloat_floatmap.jpg

Boise River runs right through the middle of town and a couple of blocks from City Hall and the University:

https://1.bp.blogspot.com/-GOanSSSlsdA/U7mbvh_EbMI/AAAAAAAAUc8/vMXT4ajhDcM/s1600/Boise+River+portage.jpg

https://upload.wikimedia.org/wikipedia/commons/6/60/Tubers_Float_the_Boise_River.JPG


http://media.idahostatesman.com/smedia/2015/06/12/07/43/1gQhx4.AuSt.36.jpeg

:)






I will hopefully be passing through your area early Oct. I have to say, looks real nice.

[osoab]

Where did you get this photo? The guy on the far left looks just like me, and I ain't been rafting in Idaho, that's for sure.

Did you forget about your family? :D

[osoab]

I've been thinking of buying a new car, but they are such a rip off. I usually buy one 1 or 2 years old for a better deal. I sure like those new mustangs.

My friend bought a Camaro ZL1 SS with recaro seats. I think the mustang gt could beat it.

can you see ximmy in this?
http://my.carid.com/sites/default/files/u2279/f_35_lightning_ii_edition_mustang_gt_7.jpg

Does ximmy look like this?

http://getdangoodman.com/wp-content/uploads/2010/07/leave-hollow-tips-in-yo-fucken-belly.jpg

[Jewboo]

I will hopefully be passing through your area early Oct.



https://carleton.ca/npsia/wp-content/uploads/calendar1-400x300.jpg

Darn. I'm going to be out of town in October. Maybe Shami can host.

:)

[ximmy]

I've never kayaked or river rafted. I think redneck yacht clubbing would be fun.

http://i.ytimg.com/vi/cz6eoi88ZyY/maxresdefault.jpg

https://www.youtube.com/watch?v=-mHu_Z44tsU

[Shami-Amourae]

https://carleton.ca/npsia/wp-content/uploads/calendar1-400x300.jpg

Darn. I'm going to be out of town in October. Maybe Shami can host.

:)

I'm cool with that. I'm always around and available.

[Hitch]

Darn. I'm going to be out of town in October. Maybe Shami can host.

:)

I won't have much time for any visit, but if you have any recommendations on what see, that would be nice.

[Hitch]

I'm cool with that. I'm always around and available.

I'll send you a pm about when I may be passing through. Even if it's just meeting up for a cup a coffee, that would be really cool with me. I won't have much time unfortunately.

[ximmy]

Does ximmy look like this?

http://getdangoodman.com/wp-content/uploads/2010/07/leave-hollow-tips-in-yo-fucken-belly.jpg

ximmy used to look like this... but not any more.

http://gold-silver.us/forum/attachment.php?attachmentid=7730&d=1437443846
7730

[1970 silver art]

I actually think Gold will go down to $600-700 like Armstrong says.


I don't think the public will ever flood into Precious Metals. Digital currencies will replace cash and people will just think of PMs as relics of the past. Rich people will probably still horde them though.



I actually have more hope in Bitcoins than I do in Precious Metals.


Also ammo and firearms are always a solid investment. I don't think anyone on this forum will dispute me on that.

It would not surprise me when gold gets down to $600-$700 range mentioned. Afterall, I am see silver going down to $8 within 2 years from now (by March 31,2017). A cashless society is where things are going in the future. Gold and silver are going.........well down. Case in point, when a YT video shows people choosing a candy bar over a 10-oz silver bar, then that just means (to me anyway) that no one is going to jump on getting gold and silver anytime soon IMO.

[1970 silver art]

I don't care if it goes down to a dollar. I will still have a dollar and others will have a federal reserve note.

If silver went to $1 (not likely IMO), then that means that you will have a "real" dollar (i.e. a Silver Eagle). :)

[Shami-Amourae]

Perrine Bridge and Shoshone Falls are a definite like I have been pointing out. There's a couple others, but I'd prefer to mention them in PMs.

I've never been to Boise or any city since I left California.



There's also the Craters of the Moon and City of Rocks national parks. They both are a bit of a drive off the main roads though. Some people find those interesting. This area used to be where the Yellowstone Caldera once was and blew up millions of years ago so there's interesting lava formations, rocks, and caves all over the place.


https://www.youtube.com/watch?v=DBqZuDyFHIc


https://www.youtube.com/watch?v=96fM4Y9WF5o

[Hitch]

Thanks Shami. Do you think it's possible to rent equipment (base jumping) to jump off the Perrine Bridge? That really appeals to me....I've never base jumped, but I've sky dived before.

[Jewboo]

I've never kayaked or river rafted.



http://i.telegraph.co.uk/multimedia/archive/03304/No-diving_3304722b.jpg

http://www.gannett-cdn.com/-mm-/c5d6ba86bd6729bfb3055ac58ef590638d92d7ae/c=0-0-537-404&r=x404&c=534x401/local/-/media/KHOU/KHOU/2014/08/18/1408400767000-479762437.jpg

You live in California.

:)

[milehi]

http://i.telegraph.co.uk/multimedia/archive/03304/No-diving_3304722b.jpg

http://www.gannett-cdn.com/-mm-/c5d6ba86bd6729bfb3055ac58ef590638d92d7ae/c=0-0-537-404&r=x404&c=534x401/local/-/media/KHOU/KHOU/2014/08/18/1408400767000-479762437.jpg

You live in California.

:)

That's the Kern River. Well, river bed. You pretty much have to go above the dam at Lake Isabella, many many miles away to see water.

[Jewboo]

That's the Kern River. Well river bed. You pretty much have to go above the dam at Lake Isabella to see water.

https://a248.e.akamai.net/f/1202/1579/4m/i.dailymail.co.uk/i/pix/2014/02/26/article-2567911-1BD6C6C500000578-245_634x427.jpg

I understand Folsom Lake is now completely dry sand?

:(??

[Shami-Amourae]

Thanks Shami. Do you think it's possible to rent equipment (base jumping) to jump off the Perrine Bridge? That really appeals to me....I've never base jumped, but I've sky dived before.

It costs around $400 or something like that. There's multiple small businesses that do it in the area so prices may vary. I'm not an expert on it. You're best off just talking to people near the bridge, and asking them.

http://tandembase.com/make-your-reservation


I can't tell you much since I'm not doing it, LOL.

I'll do it when I get as old as Dorothy Custer:

https://www.youtube.com/watch?v=S5ACSZZGBe4

:)


https://www.youtube.com/watch?v=7kj7Sw_VFM4


Both of those are from the Tandem Base company I linked you to. They seem to be the most popular and lowest price.

[Hitch]

It costs around $400 or something like that. There's multiple small businesses that do it in the area so prices may vary. I'm not an expert on it. You're best off just talking to people near the bridge, and asking them.


Thanks Shami, isn't it crazy it costs $400 for a maybe 10 second jump? Plus, tandem, you are strapped to someone. I'll probably just go there to check it out to see. I've actually got a new, never used, container for a parachute in storage. That's the backpack, empty. I wonder what it would cost to rig it up for base jumping.

Thanks for all the info and the help.

[Neuro]

https://gs1.wac.edgecastcdn.net/8019B6/data.tumblr.com/aafde83a26c919d9a0ae805e6b6af482/tumblr_mstzxte69Q1sgv3ado1_500.gif

He was also frantically posting multiple BUY SILVER to da moon threads left and right just before he bailed from GSUS. Ranting. I might have diplomatically (:rolleyes:) disagreed with him in a thread or two.

I got off lucky joining the emotional gold GAE rollercoaster at $560 via GIM1. Just dumb luck at a much better (earlier) time. Never bought any silver. I would not recommend PMs to anybody now. Beans, bullets, and band-aids is more sane. No hoarding. No stockpiling extra shit for "barter" with the zombies. After decent Preps my advice to the young is get off the internet and go out and enjoy a real Life including plenty of sunshine and exercise.


https://www.youtube.com/watch?v=TWfph3iNC-k
HEY XIMMY...PUT DOWN THOSE PRETTY COINS AND GO BUY A WINGSUIT

:)

I agree with the bartering the Xombies, the only ones you'ld like to barter with is the ones who already have too much silver, so it is better not to have to barter at all. Having several years of supplies in a bunker will only make you a sitting Target.

Wingsuits though... Seems like a recipe for a painful death rather than an enjoyable life. Gravity is a bitch, whether you believe in it or not!

[Serpo]

Banksters Unleash a Golden, Sunday-Evening, Drive-by Shooting http://thewealthwatchman.com/wp-content/themes/empireii/images/blog-date.pngJuly 20, 2015 • http://thewealthwatchman.com/wp-content/themes/empireii/images/blog-categories.pngCity of London (http://thewealthwatchman.com/category/city-of-london/), Economy (http://thewealthwatchman.com/category/news/economy/), Freedom (http://thewealthwatchman.com/category/news/freedom/), Manipulation (http://thewealthwatchman.com/category/manipulation/), Silver & Gold (http://thewealthwatchman.com/category/news/silver-gold/), US Dollar (http://thewealthwatchman.com/category/news/us-dollar/) • http://thewealthwatchman.com/wp-content/themes/empireii/images/blog-comments.png26 comments

http://thewealthwatchman.com/wp-content/uploads/2015/07/drive-by-51.jpg (http://thewealthwatchman.com/wp-content/uploads/2015/07/drive-by-51.jpg)

Bang Bang Well friends, I had intended to write on something different today, until I saw what happened last night on the gold scene. I’d had an eerie feeling all weekend that something was likely to occur there on par with the silver drive-by shooting over 4 years ago, and on this occasion the usual suspects didn’t disappoint. To quote a famous, New York Yankees catcher, it was “deja-vu all over again”.
In the late-evening hours, gold(along with silver, platinum, and copper) was taken to the cleaners. The powerful clotheslining began with “someone” machine-gunning the entire the metals complex, particularly gold. How powerful was it? Take a look at this chart:
http://thewealthwatchman.com/wp-content/uploads/2015/07/Drive-by-3.jpg (http://thewealthwatchman.com/wp-content/uploads/2015/07/Drive-by-3.jpg)

Here we see gold literally having $50 sliced off its asking price…..within fractions of a second.
Fractions of a second!
Now, it’s one thing for such a bankster shooting to occur in silver, after all, it’s a ridiculously small market, dominated by nothing but banks and hedge funds…we’ve all come to expect that of these criminals, sure…but gold is an entirely different animal to put down in this way.
Let’s put this in perspective, shall we?
After all, flash crashes aren’t unique, they happen quite often on various forms of capital, but let’s remember something, here: there are trillions of dollars worth of gold in our world(that we know of), and for $50 to be “gone”…in one tick, means untold, momentary dollar destruction.
There are roughly 7 billion oz of (known) above ground gold in our world, and for $50 to be taken off like that….means theoretically that all that capital was reduced by $350 billion…
In. One. Breath.
In one second, an amount of dollars equal to all the cash loaned to Greece over decades was “lost”.
“Good Lord, Watchman, how big of an ammo dump did it take to shave $50 off of gold in one clip?”
Glad you asked that one, apparently this is the type of firepower needed to make gold trade like a penny stock!

“Gold, Precious Metals Flash Crash Following $2.7 Billion Notional Dump” (http://www.zerohedge.com/news/2015-07-19/gold-precious-metals-flash-crash-following-27-billion-notional-dump)
Now, $3 billion is serious cash for a nano-second trade in anything, but why did the banksters do this? Why now?
Well, that one’s not too hard to figure out…

Gunning the Stops
Here’s the modus operandi which the cartel has used to crater price for the last 5 years, while cranking up its psychological war on stackers to the maximum level possible. I’ll try to boil it down to a shortlist.
1)The banks take down a metal to a specific price point(in this case, $1,130 in gold), covering their shorts in the process, and going as long as they can.
2) Once the price point has been achieved, they let the price bounce off that low, and start to aggressively short all the speculator and hedge fund money that starts to go long silver or gold.
3) When that new buying loses steam, the banksters “ring the register”, and “harvest” all those new longs, by initiating a downdraft in price that continues to snowball until it reaches either the same low as before, or a higher low than was previously set.
4)The banks repeat this attack method 2 or 3 times(in a process taking many months), until that “low” price point has been revisited(and bounced off) several times…sucking both traders and stackers into a false sense of security around that very particular price point.
5) Due to that false security and overconfidence, which that “strong price support” gives market participants, over time an enormous pocket of “trading stops” is set right at(or just below) that price target’.
6) This allows those same banks to harvest the maximum amount of “stops”(in this case, sell stops), and sop up as many longs as humanly possible…all the while, taking the metals below previous support, and making those levels new resistance.
This kills several birds with one stone, and so long as traders keep falling for it, they’ll keep using it, over and over, without fail.
The real question going through my head though, as I watched the price plunge down the elevator shaft, was this….
How many gold(and silver) shorts did CitiBank & JP Morgan cover at this very moment, and how many will they get to cover today?
Remember, this “stop-hunting” for gold around $1,130, was initiated to help the banksters cover as many shorts as possible while doing it.
The banks are still not the ones shorting here, they’re the ones suckering the speculators into shorting! That is key…and the speculator shorting is now beyond massive, beyond “record-breaking”, and beyond anything that is remotely sustainable for even a short space longer. Until they decide to “ringer the register” though, and the speculators begin to ‘panic cover’ their shorts… these banks can take gold and silver wherever the heck they want to! Especially with the “strong price support” of $1,130 breached good and hard!

Brothers, this is why I’ve always made this mantra of 9 little words, a core part of my stacking philosophy…
“There is no such thing as ‘strong price support'”.
Every time you allow yourself to believe in this fairy tale again, you give those banks extra power over you. Some folks just never learn, and continue to insist that “this time the bottom was truly reached, honest”!
Those same stackers and traders continue to be psychologically decimated with every price piledrive, simply because…they continue to believe in the Easter bunny.
This price action leads me to believe that my theory is correct, and that the old rules of the gold and silver bull market: the cutesy, stair-step moves higher….is over!
“Watchman, after all this time, you’re saying that the bull market is over? You’re throwing in the towel?!”
http://thewealthwatchman.com/wp-content/uploads/2015/07/drive-by-81.png (http://thewealthwatchman.com/wp-content/uploads/2015/07/drive-by-81.png)
I said nothing of the kind!
What I said was that the old rules of the bull market are over with.
The gentle, 45-degree, upward-sloping of the price charts to ever higher-highs? Yeah, stick a fork in it, that’s done….but the bull market is far, far from over.
I continue to believe that from here until the powers that be yell “fire”, the banks will keep the lid on the metals. Until the time is right to “harvest” the ultimate cash crop(pension funds and bank deposits) expect the relentless attacks to continue, with only abrupt, relief rallies allowed.
WHEN this 4+ year downdraft is concluded, and the upward action finally materializes….it will be due to 1)the world financial system ending, due to 2)a lack of deliverable precious metal in size. At that point, the move up will be so violent, that it will unnerve you even more than these flash crashes did.
Until that time, when the controllers admit to the world, that indeed “the plane is going down”..you must be like Neo, of Matrix fame….
You must look at that “strong price support” and say aloud: “There is no spoon”.
Until you can say this(and mean it), you’re just believing in illusions, and you’re just empowering your enemy. This false belief will lead to heartache, why leave yourself so vulnerable?
Stand fast, be professional, know why these things are happening, and learn to stop worrying(and love the crash). It will impart unshakable courage to you, as we go through the “end game”. With this latest crash, supply of both gold and silver will become even more untenable, more strained than ever before.
This must happen, until it no longer can. Only then, when the riggers are no longer able to deliver in size to everyone who wants it, will this bloodletting be done with. Only then will you see just what the price of an ounce of silver or gold truly is, on the open market. Until that time, you must hold the line…
Besides, what other choice do you have in a post-Grefault, post-Greferendum world? Where else can you safely trust to put your cash right this second, if gold or silver didn’t exist?

Conclusion
At this point, it should be clear to literally everyone how the gold and silver markets actually “work”. Pricing is not set by buyers and sellers finding balance and equilibrium, but rather, is 100% set by a half dozen banks(on behalf of even bigger banks) on 2 exchanges, through cutting-edge, computer programs.
A few thousand human beings, are responsible for pricing gold and silver for 7 billion other people, and just think:
It’s been this way for several centuries, and virtually nobody knew about it until the last 10 years! Despite all this, the market rigging of gold and silver(especially), cannot and will not continue. The East is buying too much of both now, the stockpiles which governments(banks) have used to maintain this con are gone, and too many people now know of the scam in order for it to survive.
Furthermore, it’s easy to see now why old Jacob Lew ordered the US Mint to stop producing silver eagles! After all, we can’t have demand climbing to such explosive levels, that one mint would be using more than 10% of the world’s silver to make one coin, can we?!
Oh! And by the way folks….these flash crashes in gold are usually used to mask something enormous going on behind the scenes…
Just remember: the last time such a fly-by-night flash crash occurred in gold, it immediately preceded the remarkable “Swiss Franc Peg” to the Euro.
Anyone wanna take a guess as to what new, horrifying, financial trainwreck will soon be revealed to the world, in conjunction with this price massacre?
Better place your bets now, because I don’t believe we’ll have to wait very long to find out…http://thewealthwatchman.com/banksters-unleash-a-golden-sunday-evening-drive-by-shooting/

[monty]

I agree with the bartering the Xombies, the only ones you'ld like to barter with is the ones who already have too much silver, so it is better not to have to barter at all. Having several years of supplies in a bunker will only make you a sitting Target.

Wingsuits though... Seems like a recipe for a painful death rather than an enjoyable life. Gravity is a bitch, whether you believe in it or not!


Colombia's "El hombre pájaro" (Bird Man), professional sky diver died July 3, 2015 when his chute failed to open.
He was 32 years old.

http://thebogotapost.com/2015/07/09/colombias-birdman-dies-in-switzerland/

7731

[Dogman]

Wingsuits though... Seems like a recipe for a painful death rather than an enjoyable life. Gravity is a bitch, whether you believe in it or not!

Its not so much that gravity is the problem, It is the sudden stop that is the unholy bitch !

;)

[EE_]

If I were to buy anything right now, it would be this https://www.golddealer.com/product/pamp-suisse-platinum-bar-1-oz/

[EE_]

I know PT is getting bought, since my last post the Isle of Man Platinum Nobles sold out. PT could drop another $100, but there won't be any for sale and that price won't sit there for very long. jmho

[Sparky]

Banksters Unleash a Golden, Sunday-Evening, Drive-by Shooting
Well friends, I had intended to write on something different today, until I saw what happened last night on the gold scene.
...
Yes, this pretty accurately describes how it all works. The only thing I disagree with is the idea that the gold market is unique in this regard. In general, all markets are "manipulated" in this way. The real difference is that gold is a small enough market that a small number of big players can create staggering swings.

So, it's true that a resumption of the gold bull will require that these big players finally ring the register on their short positions. It's probably going to be at either gold $1000 or $700.

[mick silver]

buy high sale low ........... sold all of mine so I could play the stock market