Gold and silver down?

[RickyJ]

Gold is up- it is the market. Gold is down- there must be some manipulation behind it. And all manipulation starts at the Fed. I seee.

What do you see? Those h who have the most money have the most influence over the price of commodities and stocks, that is just a fact.

 

[oyarde]

It's not that, Zippy. Gold is acting directly opposite of what it should be doing when you look at the increase in monetary supply, the runaway debt, etc.

That is how I see it .If metals were going down , because other things were improving , great, but other things are not improving , and , we are probably to the point where they will not/cannot .......(debt, interest on the debt , spending a trillion more anually than is incoming, money needed and not there in the future for for SS , etc )

 

[Zippyjuan]

Things HAVE been improving. They are not up to the levels people would like for them to be but we are a long ways off the bottom (granted a long ways to go).

 

[oyarde]

Things HAVE been improving. They are not up to the levels people would like for them to be but we are a long ways off the bottom (granted a long ways to go).

I see nothing improving enough to account for things I see in different markets ?

 

[ronpaulfollower999]

Under $25. I figured it'd be in the teens by July, but we might hit that by weeks end. I'm getting ready to back the truck up and BTFD. Hell, this might end up doubling my current holdings.

 

[Okie RP fan]

Not sure what to think of the prices of gold and silver right now. I'd like to think that $25 is a nice mark to steadily float, not going down nor up more than $3 within a respectable time span. Right now the news is fairly quiet, so people aren't panicking like they were. Especially with Summer coming around, people are turning their attention to other things.

 

[cubical]

The sheep will be led to slaughter with silver. Just stick with gold.

 

[NoOneButPaul]

Both silver and gold are fine investments. Silver has actually had the greater gains over the past 10 years and, unlike gold, is both a monetary and industrial metal.

There's a great liquadation going on right now. I suspect the bullion banks are unloading their shorts and the price is about to explode.

Physical buying has been through the roof over the last 2 months (20% of gold inventories are gone) and Silver has broken the monthly sales record 3 straight months in 2013... 16million ASEs have already been sold (only 30mil last year). During the Cyprus event almost 1million Eagles were sold in a day.

There's a bloodbath going on in the paper markets right now for a variety of different reasons but ultimately I think this is the beginning of the end for the price suppression.

They're going to blame the meteoric rise in gold and silver on the debt ceiling debate or the implosion of Japan's economy or war in Korea or WHATEVER... something is being set up as the fall guy for the economic implosion that's coming.

Gold and silver are down... will probably keep going down... but they are not out.

 

[Okie RP fan]

The sheep will be led to slaughter with silver. Just stick with gold.

Hey, most people can't afford to invest in gold and want to do what they are able to. Silver is great for most people and WILL be accepted during any sort of crash amongst private exchanges.

 

[Bossobass]

The Fed doesn't own any gold to sell and lower the market price so it would be kinda difficult for them to force a "collapse" in the price of gold. Gold has been heading down since its peak in September so sure brokers are probably advising clients against buying it.

Goldman Sachs: http://finance.yahoo.com/news/goldman-sachs-says-time-short-132705633.html

Hmmm, let's see... do I waste my time with the Paul Craig Roberts interview or just write him off and wait for the next jewel from Zippy? Big decision here.

Gold is up- it is the market. Gold is down- there must be some manipulation behind it. And all manipulation starts at the Fed. I seee.

Finally. Took you long enough.

 

[Bossobass]

CBs are buying gold at the highest pace in half a century. You know, as Bennie told Ron, "It's tradition".

The Fed doesn't own any gold? Seems to me they somehow ended up with the largest hoard of gold in the world. Try taking some from their vaults and get back to me. It's a pretty strong tradition.

American Silver Eagle or USD? Let's see, on the back of the ASE it says "One Ounce Fine Silver One Dollar". One Federal Reserve Paper Dollar or one American Silver Eagle. Even after being hammered for decades, a single ASE is still, as of this post, demanding 30 Dollars.

Yeah, hard to decide, for sure.

 

[WillieKamm]

The Schiff scenario never seems to play itself out. Is this crashing of the metals markets a harbinger of even deeper drops or just additional evidence that Peter Schiff will be vindicated in the end? Weimar Germany or modern day Zimbabwe here we come. I don't know, but I do know I quit following his pronouncements a long time ago.

 

[cbc58]

this drop and the dollar hasn't strengthened... what happens if it does? is this a distraction for something else... ??

 

[Zippyjuan]

CBs are buying gold at the highest pace in half a century. You know, as Bennie told Ron, "It's tradition".

The Fed doesn't own any gold? Seems to me they somehow ended up with the largest hoard of gold in the world. Try taking some from their vaults and get back to me. It's a pretty strong tradition.

American Silver Eagle or USD? Let's see, on the back of the ASE it says "One Ounce Fine Silver One Dollar". One Federal Reserve Paper Dollar or one American Silver Eagle. Even after being hammered for decades, a single ASE is still, as of this post, demanding 30 Dollars.

Yeah, hard to decide, for sure.

US gold belongs to the US Treasury. The Fed (acting as banks do) stores the gold for them. The Fed does not own any of the gold they store.

 

[Zippyjuan]

The Schiff scenario never seems to play itself out. Is this crashing of the metals markets a harbinger of even deeper drops or just additional evidence that Peter Schiff will be vindicated in the end? Weimar Germany or modern day Zimbabwe here we come. I don't know, but I do know I quit following his pronouncements a long time ago.

Peter Schiff backed off his "hyperinflation" claims last year.

http://silverdoctors.com/peter-schiff-backpedals-on-hyperinflation-call/

We ask Peter Schiff, CEO of Euro Pacific Capital, what happened to his calls for hyperinflation. Peter admitted to us that hyperinflation may not happen after all,

Just yesterday he was still calling for $5000 an ounce gold (of course he was trying to hype his latest gold product- the "gold chocolate bar").

He called for the dollar to collapse this year. And last year. And the year before. And the year before that.

 

[Jordan]

He called for the dollar to collapse this year. And last year. And the year before. And the year before that.

At least he's consistent.

 

[Brian4Liberty]

People have been moving from gold to real estate for the last two years or so. Where is real estate going? People moving from the craps table to the roulette wheel...

 

[Brian4Liberty]

How much money has gone into arms and ammo for the past year or so?

 

[Jordan]

People have been moving from gold to real estate for the last two years or so. Where is real estate going? People moving from the craps table to the roulette wheel...

Real estate is a multi-year winner here. Cash flow is unmatched, levered or unlevered.

 

[Okie RP fan]

I'm actually surprised that gold and silver dipped as low as they did today.