Gold and Silver Crashes "FTI" Told us so!

[bimetalaupt]

Jun 27, 2013 11:40:23 GMT -5 genericname said:

I decided NOT to buy gold when Glenn Beck started peddling it on his radio show. I don't much about investing, but I know that my investment advisor shouldn't be some kook with a radio show.

My grandfather told me not to take hot tips from someone who was still working..esp selling something to make money from me!!

[jarrett1]

"I decided NOT to buy gold when Glenn Beck started peddling it on his radio show. I don't much about investing, but I know that my investment advisor shouldn't be some kook with a radio show."

That is some astute guidance...they don't tell you that you ARE NOT ALLOWED TO OWN GOLD IN YOUR IRA...it is a prohibitive transaction and a prohibited asset...UNLESS you buy US Minted gold coins which are .9999994 fine gold and come in denominations of 1 oz, 1/2, 1/4, 1/8th...also they must be held by a verified custodian...if not it can invalidate your entire IRA, 401K, and any tax deferred pension plan you have...making it taxable immediately + penalty equaling 100% tax!

[jarrett1]

Golds next stop....oh I'd say around $1,100

[damnotagain]

Golds up !  Silvers up! Physical demand is up .

www.gold.org/media/press_releases/archive/2013/08/gdt_q2_2013_pr/

[usaone]

Yaaaawn. When you have a 40% crash,your going to get a dead cat bounce.

[engleclair]

Aug 16, 2013 7:48:19 GMT -5 usaone said:

Yaaaawn. When you have a 40% crash,your going to get a dead cat bounce.

Gold and silver going higher, higher, higher!

*Obligatory contrarian post much like usanone's and frank the inhaler's.*

[sunrnr]

Aug 18, 2013 17:22:52 GMT -5 engleclair said:

Aug 16, 2013 7:48:19 GMT -5 usaone said:

Yaaaawn. When you have a 40% crash,your going to get a dead cat bounce.

Gold and silver going higher, higher, higher!

*Obligatory contrarian post much like usanone's and frank the inhaler's.*

FLASHBACK!!!!!! Oh, sorry, had a bad memory event there for a second, but I'm better now .....

[engleclair]

Aug 18, 2013 19:18:45 GMT -5 sunrnr said:

Aug 18, 2013 17:22:52 GMT -5 engleclair said:

Gold and silver going higher, higher, higher!

*Obligatory contrarian post much like usanone's and frank the inhaler's.*

FLASHBACK!!!!!! Oh, sorry, had a bad memory event there for a second, but I'm better now .....

Yeah.  It's pretty funny.

Like usanone and frank the inhaler crowing about winning in rigged game. 

"It was all me!"

[usaone]

Nobody said it was all us.

FTI warned you to sell Gold. That's a good thing. And its not rigged. If you study history, investments go in cycles. You need to anticipate when the folks who own a large amount of a certain investment are going to sell. And try to keep ahead of the game.

[engleclair]

Aug 21, 2013 9:44:43 GMT -5 usaone said:

Nobody said it was all us.

FTI warned you to sell Gold. That's a good thing. And its not rigged. If you study history, investments go in cycles. You need to anticipate when the folks who own a large amount of a certain investment are going to sell. And try to keep ahead of the game.

Not rigged?

How did crude drop $2 in one day?

I'll await your response.

[Deleted]

if you are "playing" the commodities pit, you may as well go to vegas

gold, silver, oil, wheat, corn, pork bellies, etc

all a suckers game.....

better to bet on red at the roulette wheel

now if you want to talk equities.....

that is a whole different ballgame imo

[usaone]

Aug 21, 2013 10:10:23 GMT -5 engleclair said:

Aug 21, 2013 9:44:43 GMT -5 usaone said:

Nobody said it was all us.

FTI warned you to sell Gold. That's a good thing. And its not rigged. If you study history, investments go in cycles. You need to anticipate when the folks who own a large amount of a certain investment are going to sell. And try to keep ahead of the game.

Not rigged?

How did crude drop $2 in one day?

I'll await your response.

It dropped $2 because more folks sold the stock than bought it. That's a 1.1% drop.

[sunrnr]

Hummm, ok a rigged game. A bit of a generality, so what is meant by "a rigged game" exactly? With that who exactly would the riggers be and towards what end? Are you saying crude prices are "rigged" by the same entity(ies) who "rig" the stock market or is it the commodity markets you're referring to?

I'll await your response ... 

namaste 

[damnotagain]

$1400.00  And rising.

[sunrnr]

Gold ETF

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.72 percent, or 6.61 tonnes, to 920.13 tonnes on Friday.insert quote here

I'm going to show my ignorance here ... When they say their holdings went up, does that mean they actually have physical gold stored somewhere and received 6.61 tonnes of real gold to add to the vault or are they saying they have acquired new paper saying they're owners of that much gold?

If their holdings are actually physical gold, where is it stored? Is this kinda like the aluminum (and soon to be copper) physically controlled by Goldman Sachs? 


Me, I'm going to go audit how much gold I have in my safety deposit box (if I can find the damn key), then I'm betting it all on the long shot in the fifth race at Saratoga .....

[sunrnr]

 Nothing like starting a war to boost gold prices, eh?

[frankq]

People that have gold now are getting an early Christmas present with this Syrian thing. I would be thinking about an exit point if you own gold, not holding it ultra long term. Once again the "King Dollar" is showing itself as the safe haven currency. Any move toward financial responsibility by the American government is bad news for gold.

[frankq]

Not rigged?

How did crude drop $2 in one day?

I'll await your response.

Rigged? No.......A game played by knuckleheads? Sometimes... I can remember not to long ago when oil was $147 a barrel and people were actually making the argument (and many actually believed it) that the price had doubled in a matter of months because of demand.....as if the world had actually begun to use twice as much oil overnight.....and, miraculously, all the gasoline and oil products everyone needed and wanted were readily available. No gas lines or rationing.

Come on......say it slowly....SPEC...U..LA...TION.....

We've seen gold drop 4% in one day.......rigged too?

[Aman A.K.A. Ahamburger]

Aug 27, 2013 15:31:08 GMT -5 sunrnr said:

Gold ETF

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.72 percent, or 6.61 tonnes, to 920.13 tonnes on Friday.insert quote here

I'm going to show my ignorance here ... When they say their holdings went up, does that mean they actually have physical gold stored somewhere and received 6.61 tonnes of real gold to add to the vault or are they saying they have acquired new paper saying they're owners of that much gold?

If their holdings are actually physical gold, where is it stored? Is this kinda like the aluminum (and soon to be copper) physically controlled by Goldman Sachs? 


Me, I'm going to go audit how much gold I have in my safety deposit box (if I can find the damn key), then I'm betting it all on the long shot in the fifth race at Saratoga .....

Sun, the SPDR holds physical gold in a vault and sells you the fractional reserve, just like how some banks are holding scrap metal now too, yes.  In both cases the market controls the price, and in both cases these business find ways to make money on the margins.  The article you linked it to skews it in an interesting way, acting like Goldman is the only one making money off scrap metal, but I can assure you there are lots of people out their making money off scrap. It's a business just like any other.

Aug 28, 2013 9:19:04 GMT -5 sunrnr said:

 Nothing like starting a war to boost gold prices, eh?

Start?  More like the accumulation of thousands of years of war, that in the end, will amount to love not war making more.  From the historical documents known as the Gospel of Thomas.. 

Jesus says: "Men indeed think I have come to bring peace to the world. But they do not know that I have come to bring the world discord, fire, sword, war. Indeed, if there are five <people> in a house, they will become three against two and two against three - father against son and son against father - and they will be lifted up, being solitaries."

[jarrett1]

"I" can see market manipulation in all makets by people who have the wherethall to manipulate markets and it does happen everyday.

Attempting to manipulation Dow or S&P stocks is a lot harder because of the amount of monies and control that it would take to exert that type of market manipulation.

Gold has always been a speculative asset class and the people who crowd into that asset class are suspect...so all of the people that will get caught up in its massive decline at the end of this year will have already had the early warning that they choose not to heed.

Any asset class that rises on the spectre of overall declines in liquid markets is a loser, because liquid markets rise more than they fall and raises the risk for the riskier classes like gold.

"I" can also see that some here still like to bate and call names (which is no substitute for brains) as opposed to debate. Do not defend anyone here...but rather defend your positions and feelings towards gold. There is no silver (or gold) bullet to save you from investing...it is an on going process and you need to seek value from asset classes that give you transparity, liquidity and growth...for gold 1 out o3...is not for me

[damnotagain]

Jun 28, 2013 8:26:09 GMT -5 jarrett1 said:

Golds next stop....oh I'd say around $1,100

What mistake? 

"Gold has always been a speculative asset class and the people who crowd into that asset class are suspect...so all of the people that will get caught up in its massive decline at the end of this year will have already had the early warning that they choose not to heed."

Just substitute the word " derivative " for gold... 

[jarrett1]

Your perspective is way to short and you are not a reader...either way we will see who laughs with the most at the end or before the years is out

[damnotagain]

Sept 4, 2013 18:43:05 GMT -5 jarrett1 said:

Your perspective is way to short and you are not a reader...either way we will see who laughs with the most at the end or before the years is out

Since The almighty dollar is not my God , who has the most really is not important . Being right is. My call was 1400 or higher , yours 1100 or lower.  

You came up short already, from my perspective.

[frankq]

When did you make your call? And, by the way, the year isn't over. I seem to remember calls of $2500. From my perspective, lots of people came up short already...

[damnotagain]

 I am so confident that it really doesn't matter what the fed does from here on out , 

Watch Silvercrest  (SVLC) go up from here . 

[Aman A.K.A. Ahamburger]

Sept 5, 2013 20:38:21 GMT -5 damnotagain said:

 I am so confident that it really doesn't matter what the fed does from here on out , 

Meaning what? The dollar is about to collapse? 

[frankq]

Ok. We'll put you down as a gold buyer at the $1400 level damn, and we'll compare to equities in a year. Duly noted. By the way, the metals are off to a poor start......

Dow on 9/5/13 - 14890  Nasdaq on 9/5/13 - about 3630
Gold on 9/5/13 - $1385.00

[dothedd]

Sept 9, 2013 0:11:11 GMT -5 Aman A.K.A. Ahamburger said:

Sept 5, 2013 20:38:21 GMT -5 damnotagain said:

 I am so confident that it really doesn't matter what the fed does from here on out , 

Meaning what? The dollar is about to collapse? 

MAYBE "FTI" can fix it! 

[damnotagain]

I see the fed sent your welfare check out again this month. 

[damnotagain]

Sept 10, 2013 7:09:46 GMT -5 frankq said:

Ok. We'll put you down as a gold buyer at the $1400 level damn, and we'll compare to equities in a year. Duly noted. By the way, the metals are off to a poor start......

Dow on 9/5/13 - 14890  Nasdaq on 9/5/13 - about 3630
Gold on 9/5/13 - $1385.00

 I am not buying anything at these prices q, once again your inability to comprehend a simple statement results in a misunderstanding. 
I find it funny you guys assume everybody buys high and sells low. Lmao 

My call was before January 2014 gold will be 1400 or higher. Franks was 1100 or lower.