It just never gets old. The cartel runs stocks up and precious metals down. QE4 promises to bring the American people hyperinflation of their currency – and as James Turk and John Williams have long predicted, the nightmare that is hyperinflation could start as soon as 2013. But you’d never know it by looking at the prices of precious metals since the Bernank promised the FED would buy tens of BILLIONS of bonds every month – in perpetuity. QE infinity baby.
But this is what one gets when one lives in the Twilight of a dying Empire. A financial press that lies to you. Suspects who flee the scene of a mass murder with no follow up by the mockingbird media or ‘authorities’, a military that announces children are ‘viable targets’ in “war” and a Central Bank that does NOT want you to protect yourself from the ravages of their maniacal actions. Welcome to Twilight America.
SILVER: The Achilles’ Heel
Lovely stuff, i can get in some cheap before Christmas.
My timing was shit, I purchased 50 oz’s ten minutes before the waterfall decline.
your talking about missing out on saving $35 of something that is about to be worth less than a turd. As Scott S. said, 50 oz. to the good guys.
My next big check goes to the us treasury…be real fucking happy with your 50.
I can’t even capitalize us treasury.
No biggie, thats 50 less ounces for the dark side. We’ve all taken one for the team at times.
I think it’s time to stop watching this stuff every day. But I must admit that I’m addicted to it.
It’s like a car crash, we know we should just drive on by, but there’s always that morbid fascination in the back of your mind saying “Just a quick look”
That’s what the Silver price chart has been for me this past year.
Hmm… wonder if they are targeting something much lower on gold – perhaps sub 1600.
I suppose that when I bought my first ounces of gold and silver 6 years ago…I didn’t really understand what I was getting into.
Back then: I saw precious metals as a hedge against inflation, these coins and bars were simply currency insurance instruments, tangible real money that have intrinsic value.
But days like today reinforce what precious metals really are:
They are competition to the establishment status quo who have been in power for centuries.
Anyone who purchases physical GOLD and SILVER is a direct threat to the cartel and establishment in power. And this power structure rarely loses.
good luck to all of us.
I plan on dropping like 2-3k tonight when I get home from work in 10 hours. Gonna be watching the market the whole night on the cell phone.
I just got back from Costa Rica last night, I read “Worldly Philosophers – The lives, times and ideas of the great economic thinkers” by Robert L. Heilbroner.
I already have over 100oz, bought at $27 last time….
BTFD.
There is no reason for this waterfall in PM’s especially when both the market is up and the dollar is tanking!!
It seems that there is a complete disconnect now. Nothing matters. I fear that the Cartel will maintain this stronghold for many more years.
Recieved an E-mail today stating that Geitner has ordered the Mint to cease fabrication of Silver Eagles. Must be a shortage of Silver Brewing.
G1…or a tightening of little Timmy’s and tptb’s sphincter muscle.
it is the end of the year…look for alot of rotten bs to be done in the middle of the night.
They are killing metals because they want us to loose faith in it and out.
If people bail now, they will be damn sorry.