The precious metals breakout is here

Seraphim

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Often when PM's, particularly silver, move up in the way they have over the course of the last 4 days - it coincides with stock markts ALSO moving up.

The last few days has seen most stock markets trend slightly down, mild red days, meanwhile silver has gone up nearly 3% each day.

As I've stated a few times, in 2007/2008 gold/silver corrected BEFORE the stock markets sold off and began their ascents as stocks and the general markets tanked.

Additionally, the HFT algo's are set to not allow gold (in particular) not to rise more than 1% any given day. The same can be applied to silver to a lesser extent. The only times they go up more than that is when RISK ON is the daily mantra and as just stated, the whole market moves up

My spiddy sense are tinggling VERY powerfully. Silver in particular will continue to move powerfully to the upside over the next few months.

If I could, I'd be shorting a lot of global equities and base metal commodities.
 
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Let's note the price and see what happens. At this moment, according to KITCO, the spot price of gold is $1666 an ounce. SIlver $30.40 and the DOW (to represent stocks): 13,057.
 
Nobody KNOWS what is going to happen at any time. They HOPE they are buying before things happen. No matter how smart they think they are.

That is why the strategy of buying a fixed dollar amount at regular time intervals can work out pretty well over the long term- when prices are higher, you end up buying less. When prices are lower, you end up buying more. Othewise it is impossible to try to time markets.
 
My Mon through Thurs summary , off the top of my head , without looking ,DOW , down , around 213 points , gold , up about $48 , silver , up , close to $1.75 , oil , one year projection , $111. Debt , 2015 , projection , 25 Trillion , 9 trillion over , now , by then, who knows , gold 5k to 8 k ?
 
I bought 24 oz of bacon a week ago, for $3.98 , what do you think THAT will cost , in 2015 ??
 
On the bright side ;) , ( if there is one ) , last weekend , I drove through about three states , made a couple , three stops , reverting back to my youth and participating in the underground economy , purchased , a quart of whiskey ( :) pretty dang good ) , a drill , a screwdriver , a box of # 1 Buckshot , two pairs of pliers , a can cooler , a new T shirt for $19.25 . In , my youth , I remember a Black Bear , very large , taken , with , a round of # 0 buck , probably , around 12 balls of.32.
 
The PM move up is happening right now but IMO real breakout will be when QE3 announced!
I bought the hell out of it at $5 - $8 sold some in the 30's , kept the rest started buying the hell out of it again at $26 -27 , I do not think , 27 dollar silver will be seen again ...
 
I bought the hell out of it at $5 - $8 sold some in the 30's , kept the rest started buying the hell out of it again at $26 -27 , I do not think , 27 dollar silver will be seen again ...

Oyarde, I will by some of that $8 dollar stuff for $20.

You know someone had to be a wise guy here... :rolleyes:
 
My Mon through Thurs summary , off the top of my head , without looking ,DOW , down , around 213 points , gold , up about $48 , silver , up , close to $1.75 , oil , one year projection , $111. Debt , 2015 , projection , 25 Trillion , 9 trillion over , now , by then, who knows , gold 5k to 8 k ?
Quite high on that debt projection. 2015 is only three years away and that would require a deficit of about $3 trillion a year- which is roughly the whole budget so we would have to nearly double all spending from what it is now beginning next year. (this year's project shortfall is about $1.2 trillion).
 
This goes much deeper than just PM's, but I feel as though the masses are currently all sitting on the beach - and the water line is receeding in a very big way.

Incoming...

We're not in Kansas anymore...
 
I think I should've bought an ounce of gold a month ago like I was thinking...

I'm still holding out a little hope that the dollar will strengthen as European money migrates its way here from the deteriorating situation over there.
 
If all you can afford is an ounce of gold, on a pure valuation basis, you are MUCH more likely to increase wealth with silver at this point in the bull market.

Just a thought.

I think I should've bought an ounce of gold a month ago like I was thinking...

I'm still holding out a little hope that the dollar will strengthen as European money migrates its way here from the deteriorating situation over there.
 
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