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 This is Starting to Remind Us of the May 2010 Takedown
Gold down another $20 or so, falling below the 200-day moving average. Silver just dropped below $30. Presented without further comment. Exasperation yes, comment, no. We’ll leave the comments regarding Bernanke, Geithner, Dimon and the criminals who run the United States government, to you. SILVER: The Achilles’ Heel
15 comments to This is Starting to Remind Us of the May 2010 TakedownLeave a Reply |
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End the FED! That is all.
hahahaha…….Emeril Lagasse
At this point in time, the most probable in trades is that the cartel is selling then buying from themselves in the paper market. I do not think very many legitimate buyers are bothering with paper. Unless of course they are going to take delivery. This is why the charts are obviously characteristic of a dead market.
You know, on the one hand I’m pissed that they get to fix the market whenever they want. On the other, I keep thinking: BTFD. For now, I’m keeping the little bit of extra powder I have dry in expectation of an end-of-year smackdown like last year. I figure they could easily drop it to below 30. Heck, it’s almost there now.
Silver back to $26 I suspect….thats where you want to load up…retest…
not sure what happened, but my earlier post was taken off. What I wrote was, is it not ironic that the U.S. mint stopped minting 2012 silver eagles? Did they know this price drop was coming? Interesting.
Oh, and one other point I’d like to make. I hope the Turks, Morgans, and a few others would stop with their future price predictions of ‘never’. Meaning, it will never see 30 again. Or this is the low. 50 by year end. I know they are smart men. But I’ve stopped listening to them, and have unsubscribed to their services, because they are the biggest jacka**es in the silver community. If they stuck to why silver, the value of silver, that would be respectable. But when they start ranting about price, I get rid of them as qwacks.
Fascists who Blitzkreig the COMEX say: “Vferrry Interestink… But Schtupid!”
Another attempt to shake stackers off the tree.
Anyone who subscribes to a newsletter is nothing but a sheep themselves. All of these fools like Bix Weir, KWN, Turk, Silver Doctors, Morgan etc. with their predictions and charts have been completely wrong.
Do people really have to spend money just to be told that precious metals are “going through the roof” or “$50 by the end of 2012″as just a few samples.
The biggest laugh is the chart watchers who sit there having no idea what the cartel is going to do next yet people subscribe to this bull***t.
How about just telling us what is going on in the economy and not make price predictions or back up the truck.
It’s a Christmas gift!
Seriously…i don’t give a damn how low it goes…and almost everything I have is in silver! I buy several thousand worth of FRN’s every month and never keep more than $5000 FRN’s in the criminal banks. The lower silver goes, the more ounces going into my stack! Take the dam thing to $10…I don’t care!!!
Mailman just delivered 200 of the Kookaburras Dragon Privy that I bought from Apmex on Seans rec. Gonna be buying more of the Wildlife series next….hope silver stays under $30 for a while!
I think that silver below 35 is cheap,in a few years well get the answer.
If the world continues after tomorrow..
Cannot wait to see the derivative bubble burst and explode its excrement all over Jamie Dimon’s smug face. It will be one for the ages. The lying, cheating banks are being exposed for their evil deeds and is it only UBS that is being brought up on charges in the LIBOR Scandal? Where is that $1.6 Billion going? Into the coffers of a bunch of other LYING CHARLATANS…Government. Anyone else sick and tired of this “SYSTEM”? It is broken and when the day of reckoning comes, I don’t think it will be pretty for Dimon and Company.
I am done spending money on precious metals for a few reasons:
1: I have enough.
2. The cartel will eat their own children prior to letting pm’s (competition) trade freely.
3. The masses of sheep living in this country/world have to educate themselves in order to see real change take place in respect to central banking (end market manipulation) and monetary policy. Hollywood, porn, and NFL are far too important.
Recommendation:
Buy real estate and land. Collect rent, and if the world falls apart (and you survive)…perhaps your land will be worth something during the once the rebuilding process is underway.
And if the world burns down; gold and silver will be the least of your concerns…at that point you will need bread, rice, bullets, and water. Alcohol will probably barter better than gold and silver.
P.S. I am a big silver gold bug. However:
We have an ignorant populous.
We have a completely corrupt financial system.
We have a completely bought govt.
We have a teleprompter script reading media.
We live in a virtuous/godless/immoral society.
All of which are bearish for precious metals.
I agree with above. Silver is a good thing…but a place to live, hunt, grow food is the best investment. Thats why I live in the country now. I sold 700 ounces of silver at $34 about 3 months ago. I still have a boatload of silver still, but now the silver takedowns don’t hurt me a bit. When I do buy silver, I only buy Kooks, Panda’s, Taku, Wildlife series, Koala etc. I am done buying “bullion”. When silver is at $29, my Timberwolves are still at $60. My Grizzly and Tuku are still worth $40.