gold 80 $ up!
Well, since almost every pm (bull) analyst and investor have been calling bottoms for gold and silver for the past 6 months only to see both metal dip further down, i will step in and shout one last time (i hope), the bottom IS IN!
It must be because i bought today!
good luck to every bottom fisher, may your fishes...err riches be humongous!!!
I think margins will be raised again, SOON. Paper smash.
With that being said, physical buyers will more than make up for paper selling.
1 ounce of physical silver influences the spot price the way roughly 50 ounces of leveraged paper does.
Last edited by Seraphim; 06-01-2012 at 02:55 PM.
I hope so. I tied up a bunch of money in SLV back when it was $33. I'd love to get that money out.
"No matter how noble you try to make it, your good intentions will not compensate for the mistakes that people make; that want to run our lives and run the economy, and reject the principles of private property and making up our own decisions for ourselves." - Ron Paul
If SLV hits 35-40$, sell and buy physical. You won't regret that, I don't think.
Originally Posted by brandon
Can anyone remember a day such as this?
General Markets down over 2% - yet Gold and Gold Equities thru the roof.
What was the word for this... "decoupling"
I'd say it happened today!
I hope the crooks computer program is busted myself ...
[SIGPIC][/SIGPIC] "It is from numberless diverse acts of courage and belief that human history is shaped. Each time a person stands up for an ideal, or acts to improve the lot of others, or strikes out against injustice, he sends forth a tiny ripple of hope, and crossing each other from a million different centers of energy and daring, those ripples build a current which can sweep down the mightiest walls of oppression and resistance." Robert Kennedy
... it is not impossible !!!
http://www.youtube.com/watch?v=FkY7B...e_gdata_player
Markets are funny.
Better buy now before it breaks $2,000, $2,500, $3,500, $5,000...
- Negativity is ignorance, and ignorance is your own personal tyranny. It tells you how to act, how to talk, how to think, and what to feel. You will never see a world without tyrants until you release your own. ~Honored to be Among You
How does Ron stay so calm?
$$$$$$$$$$$$$$$$$$
- 'Sunshine Patriots Inc.' Presents: "Who Wants To Be The Billionaire?"
- Winning today's battle(s) is sometimes just a matter of finding the bright side. ~Indy Vidual
We had weeks and weeks of that in 2008, gold was the same but the markets were down 3-8%. No doubt those days will return shortly.
If any of you read ZeroHedge you'll remember the deer....
http://www.zerohedge.com/news/deer-back
It seems high-yield credit was on to something as we noted last night (here and here). Today's matrix-like collapse in equity perceptions of decoupling and central bank largesse sets up for more of the same as we suspect the ECB will hold off from acting until post-Greek-election to ensure the M.A.D. 'game' remains in place and with rates where they are, Bernanke will have to come up with some magical wording for his next QE raison d'etre. Today's 2.5% drop in the S&P 500 back below its 200DMA, its largest single-day drop in seven months, and the accompanying flood into safe-havens has left Gold and Treasury Bonds now outperforming Stocks for the year (with the Dow red YTD). S&P 500 e-mini futures volume was it highest of the year as we sit at the edge of the waterfall level from last July/August's plunge. Gold's 4% gain is the biggest day since January 2009. Treasury yields plunged to new all-time record lows with 30Y showing a 2.50% handle and 10Y a 1.43% handle. All the high-beta hope names were crushed with financials down 3.7% - their largest fall in 7 months (with the majors even more). VIX jumped 2.6 vols to close above 26.5% at 7 month highs. What is perhaps most disconcerting is the total lack of bounce into the close now two days-in-a-row - deer, meet headlights.
You think the people buying gold are the sheep? When I tell others I am buying gold, 90% of them think I am crazy. I like to go where the sheep aren't.Markets are funny.
Better buy now before it breaks $2,000, $2,500, $3,500, $5,000...
Posting Permissions
Reply With Quote
