Gold and Silver Crashes "FTI" Told us so!

[frankq]

Yep! I just wasn't feeling it. Fed surprises by doing nothing, flat second day stock move after the big announcement, even gold doing squat, and now the gov is putting it's two cents into the mix be telegraphing just how much they're going to fck things up for a while. All this with the markets at all time highs told me to take the money and run. There should be another time to buy back in cheaper.

[Aman A.K.A. Ahamburger]

Good points Q. I might just be me, but as far as 2013 goes(aside from the continued slow growth in the USA), I'm also looking at a situation in the Middle east that grows daily, and terrible auto sales and industrial data out of the EU. Moving into 2014, aside from the continuing issues from this year and years prior, there is the revelation that Chinese companies have 7 times earnings in debt, which amounts to around 155% of Chinese GDP. But hey, if you work around it, it's not all bad.

[jarrett1]

Another day....another dollar....another cliff to face...oh vey!!!

We have now entered a technical secular down turn for the gold rally.

The gold rally was and is dependent on QE

YTD gold is down -18%...maybe more

one year return-28%...maybe more

once they announce...it will be time to pounce....and what you thought...will not be the price per onuce

[jarrett1]

 We are still all in...

 USA1 is correct...
 when the mathematical metrics start to hit their targets ...
 then you can start to take some money off the table...
 this market will hit new highs for the year...NO NOT LAST WEEKS "NEW" HIGH"
 the new highs after this next government shut down...

[frankq]

I agree Jarrett, but given the situation, I think I can get a new entry point at a 5%+ discount. There should be a couple of panic sell-offs coming in the near future. We'll see. I've been wrong before....

[usaone]

GD Politicians......get what you can get and then compromise and move forward. 

Both Sides!!!

Let's see what happens to Metals in the first hour after Ben announces a 15 Billion Dollar cut in the Feds monthly Bond buying. 

[usaone]

Technically the Fed has been tightening since the end of QE1 because the % increase in the Feds Balance Sheet has been Decreasing.   

[Aman A.K.A. Ahamburger]

Sept 23, 2013 10:05:54 GMT -5 frankq said:

I agree Jarrett, but given the situation, I think I can get a new entry point at a 5%+ discount. There should be a couple of panic sell-offs coming in the near future. We'll see. I've been wrong before....

 Your posted moves are better than gold and sliver have produced this year that is for sure..  

[damnotagain]

Let's see what happens to metals when yellon increases the amount of bond buying to 100 billion . Take a look at her husband , who penned  " looting: how to file bankruptcy and make a profit ".
Take a look at her genealogy , nepotism?

" give me control of a nations money supply and I care not who makes it s laws." 
ABR

[frankq]

I like to think so aham...



Let's see what happens to metals when yellon increases the amount of bond buying to 100 billion .

Bond buying coming to a close. Possible relaxation of tensions with Iran and Syria. Doesn't look good for the metals.

[Aman A.K.A. Ahamburger]

Sept 24, 2013 7:57:00 GMT -5 frankq said:

I like to think so aham...



Let's see what happens to metals when yellon increases the amount of bond buying to 100 billion .

Bond buying coming to a close. Possible relaxation of tensions with Iran and Syria. Doesn't look good for the metals.

 Well Q, I have an idea where you're at if you have been truly buying and selling when said you have, and this was the advice from the physical metal space....

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 , 

Watch Silvercrest  (SVLC) go up from here . 

SVCL on sept 5th, $2, as of today, $1.70... 

If this storm that is the Mid East breaks out, I don't think it's going to help metals very much.  I guess we will see, but I still say Gold’s fair value is $800 an ounce.

[frankq]

Aham, I really don't know what gold's physical value is because it's impossible to put a dollar value on fear. If one really believes the End of Times is upon us and that survivors will use gold as money, the gold's worth is immeasurable. The only problem with that scenario for gold holding "sky is falling" types is that I, and others like me, will take your priceless gold from your cold dead fingers along with anything else you have that I think is valuable for just the cost of a bullet if need be, so when the "End" comes, what would you rather have?  Is gold practical as a currency? No. It is simply too expensive to produce as pocket money. Gold is an antique.

The world runs on commerce. Even the mighty Communist China knows this. The world will always run on commerce. To profit in the world as an investor means that you must be involved in the markets of commerce.....stocks. Fixed interest investments which carry zero risk were never designed to compete with equities on a risk/return basis. When fixed investments approach a point of generating enough of a yield that they compete with equities on an annual return basis, then we have economic problems when companies can't generate required capital via the markets. Borrowing is expensive and growth slows. It has been shown without a doubt, that there are no truly "safe" investments when you have zero return or less on some Treasuries. Gold is simply a warm blanket on a cold night. In the end, the blanket hasn't changed the fact that it's still cold, it doesn't makes it better, it just makes you feel better, that is, until you wake up on day and find that you've lost a tenth or more of your blanket in just a couple of days...In the case of silver, how anybody can call it a good hold when it's value can drop up to 5-6% in a single day is beyond me. And all this talk of the "scarcity" and "tight supply" of the metals and "dollar collapse" is pure stupidity given that all the major dealers are advertising the metals at 1% over cost or less.....and are willing to accept American Dollars and credit cards as payment! One dealer is actually giving away silver with a qualifying metals purchase. And the producers aren't exactly tearing up the markets with gains. Show me where the supply and demand process is working here?

Yes I'm heartless. I don't care what drives the markets. I can't influence the markets. As an investor, I have to navigate the market environment as it is presented to me. I don't know of any other way to do this. I don't have magic. We have to take the best, educated guess with the information we have and our observations of the moments and take our shots. Personally, I think half the battle in investing is actually taking actions.....Doing...Freeze up in fear, stay the "safe" course and hold cash as a long term strategy, and you lose through inflation...the death of a thousand cuts....

As far as my trades, I have to say that the last year and a half as been my most active ever. I am by nature, a long term investor, but I feel that the world is making it ever tougher to be so. I will always hold two stocks, one is T, and the other is the remainder of my F from long ago. I don't consider those two stocks as part of my investment portfolio per se. It's been a good run, but as of late as I've said, I think that we have a system of government manned by asswipes that doesn't care what people like us think or have. They don't care what kind of financial upheaval they cause for us. It's all about the pissing contest and trying to decide how we will live. History has shown us how their stupid antics affect the markets. At this point I think there will be enough panic selling to reenter the markets below the 15K level soon enough. From our recent all time highs, I just don't think the earnings will be sufficient to drive markets another 5% before years end. If I am going to assume market risk, I have to see the possible proportionate gains. Right now, I don't see them, so for me to hold stocks at what I see are higher risk levels, I have to buy them at a discount that makes the risk worth it. Market volatility is too potentially high right now in my opinion. To risk 10% to make 5% doesn't appeal to me. Then again, I take the risk of timing the market. At this point, I don't think that the timing presents much of a risk. Right now, with the environment we're in at the moment, I don't see the value. That view however, is subject to change because the world around us is in constant flux, and that's what makes us "investors'.

[damnotagain]

Every person that buys physical gold or silver takes a step towards the warm light of lady liberty.

That step puts them further away from the false faith in the creation of debt by the frb system that has cast a dark blanket over this light. The conservative savings of the past have been wiped clean by the greed of the false hope of molesters,  I mean investors. True value can not be found in QE and the continued devaluation of the Godless dollar. 

Commerce and gambling are not the same.
Just like some mistake kindness for weakness , they are not the same.

Gold and silver higher ! SVLC not a bad day

[frankq]

Every person that buys physical gold or silver takes a step towards the warm light of lady liberty.

If you say so.....Don't forget, buy this priceless commodity for 1% over cost with those worthless debt notes everyone.

That step puts them further away from the false faith in the creation of debt by the frb system that has cast a dark blanket over this light. The conservative savings of the past have been wiped clean by the greed of the false hope of molesters, I mean investors.

Yes, the Great Financial Crisis of this century was cause by guys like me....This is a really stupid note...even for you.

[damnotagain]

Perpetrated not instigated! 

[frankq]

Yeah.....Me and my buddies should just stop trying to make our hard earned money work for us.......Ok...

What's that I hear?? why....it's Decoy calling you over to his EOTW site........

[damnotagain]

Lol , I'll let your reply stand alone. As those who perceive a different world are considered outcast. So much for your defense of liberty. 

[frankq]

It is you that creates the perception of being an outcast with the outlandish statements you, as well as your "contemporaries", make regarding those of us who choose to live in the real world and attempt to thrive. As far as your "defense of liberty" statement, I reserve the right as well as the freedom, to respond in kind when I'm accused of evil behavior by trying to invest carefully. We can certainly disagree about the types of investments we favor and why, but if you don't like the fact that some of us choose to try better our financial situations and infer that we are somehow evil and without moral foundation by doing so, then f-off.

[damnotagain]

Yawn , ok windy
Gold and silver up! 

[Aman A.K.A. Ahamburger]

Sept 25, 2013 9:07:28 GMT -5 frankq said:

Aham, I really don't know what gold's physical value is because it's impossible to put a dollar value on fear. If one really believes the End of Times is upon us and that survivors will use gold as money, the gold's worth is immeasurable. The only problem with that scenario for gold holding "sky is falling" types is that I, and others like me, will take your priceless gold from your cold dead fingers along with anything else you have that I think is valuable for just the cost of a bullet if need be, so when the "End" comes, what would you rather have?  Is gold practical as a currency? No. It is simply too expensive to produce as pocket money. Gold is an antique.

 I am basing my price on the cost of production.  Bimetal and I have talked about it a few times and the number seems to always come up at about $800-$1100.  I would love to see it stay there because the Eastern world loves their gold jewelry and we can make a ton of money selling it to them.  Gold mining is good for jobs, the economy, and the strength of the USD long term.  I hear you about the "end", OTSS! 

The world runs on commerce. Even the mighty Communist China knows this. The world will always run on commerce. To profit in the world as an investor means that you must be involved in the markets of commerce.....stocks. Fixed interest investments which carry zero risk were never designed to compete with equities on a risk/return basis. When fixed investments approach a point of generating enough of a yield that they compete with equities on an annual return basis, then we have economic problems. It has been shown without a doubt, that there are no truly "safe" investments when you have zero return or less on some Treasuries. Gold is simply a warm blanket on a cold night. In the end, the blanket hasn't changed the fact that it's still cold, it doesn't makes it better, it just makes you feel better, that is, until you wake up on day and find that you've lost a tenth or more of your blanket in just a couple of days...In the case of silver, how anybody can call it a good hold when it's value can drop up to 5-6% in a single day is beyond me. And all this talk of the "scarcity" and "tight supply" of the metals and "dollar collapse" is pure stupidity given that all the major dealers are advertising the metals at 1% over cost or less.....and are willing to accept American Dollars and credit cards as payment! One dealer is actually giving away silver with a qualifying metals purchase. And the producers aren't exactly tearing up the markets with gains. Show me where the supply and demand process is working here?

Without a doubt, and all through history we have operated with some kind of commerce so you know it's as natural as nature is.  Funny thing is that when Gold and Sliver were used as the main forms of money it was only used by a very select few. The 99% lived in huts, with no toilets or beds, and traded goods with each other just so the didn't die of starvation.  The fact that normal people have enough money to invest and enjoy a piece of the good life is very unique to our period in time, and it's directly related to the economic system that has been in place since the early 1900's.

Yes I'm heartless. I don't care what drives the markets. I can't influence the markets. As an investor, I have to navigate the market environment as it is presented to me. I don't know of any other way to do this. I don't have magic. We have to take the best, educated guess with the information we have and our observations of the moments and take our shots. Personally, I think half the battle in investing is actually taking actions.....Doing...Freeze up in fear, stay the "safe" course and hold cash as a long term strategy, and you lose through inflation...the death of a thousand cuts....

For sure, you gotta have "balls of gold" to invest for yourself.  I hear you about the markets 100%, all I know for sure about the markets is that problems cause buying opportunities.  I am way more interested in the economics of how we got to where we are and how they will affect the future.  I was a "nerd" in my early years, what can I say? 

As far as my trades, I have to say that the last year and a half as been my most active ever. I am by nature, a long term investor, but I feel that the world is making it ever tougher to be so. I will always hold two stocks, one is T, and the other is the remainder of my F from long ago. I don't consider those two stocks as part of my investment portfolio per se. It's been a good run, but as of late as I've said, I think that we have a system of government manned by asswipes that doesn't care what people like us think or have. They don't care what kind of financial upheaval they cause for us. It's all about the pissing contest and trying to decide how we will live. History has shown us how their stupid antics affect the markets. At this point I think there will be enough panic selling to reenter the markets below the 15K level soon enough. From our recent all time highs, I just don't think the earnings will be sufficient to drive markets another 5% before years end. If I am going to assume market risk, I have to see the possible proportionate gains. Right now, I don't see them, so for me to hold stocks at what I see are higher risk levels, I have to buy them at a discount that makes the risk worth it. Market volatility is too potentially high right now in my opinion. To risk 10% to make 5% doesn't appeal to me. Then again, I take the risk of timing the market. At this point, I don't think that the timing presents much of a risk. Right now, with the environment we're in at the moment, I don't see the value. That view however, is subject to change because the world around us is in constant flux, and that's what makes us "investors'.

I hear you, I really do. We are also at different places on our "bell curve".  I see the problems of today as a distant memory in my future, and I know that over the next 30-40 yrs all of these current issues will be mostly worked out.  I am not afraid of the USA collapsing because I feel that North America not being the only land of opportunity in the world is a good thing.  I know that major cities across North America will be turned into a hybrid farm/eco smart cities because a lot of places have issues like Detroit has.  If I were to ever feel like I did in '07 again, I would sit all cash on the sidelines again, but I know that China has trillions to spend and they still have to play out the second half of their "roaring 20's" before something of that magnitude will come along again. I am renting right now because I know interests rates are going to screw the CDN housing market, and I've watched the price of homes come down about 60k on average around where I'm living already, but the CDN housing market isn't a game changer. Plus, when my stocks are down I know when it's time to put some of the cash I'm sitting on to work. 

[Aman A.K.A. Ahamburger]

Sept 25, 2013 12:28:45 GMT -5 damnotagain said:

Every person that buys physical gold or silver takes a step towards the warm light of lady liberty.

That step puts them further away from the false faith in the creation of debt by the frb system that has cast a dark blanket over this light. The conservative savings of the past have been wiped clean by the greed of the false hope of molesters,  I mean investors. True value can not be found in QE and the continued devaluation of the Godless dollar. 

Commerce and gambling are not the same.
Just like some mistake kindness for weakness , they are not the same.

Gold and silver higher ! SVLC not a bad day

 WOW, you do realize that more people have died and more wars have been fought over gold than any other form of money in history right?  How about you take a look at this... Alternate History Without the FRB and explain how it would have been?

[frankq]

I agree whole heartedly with you Aham regarding "problems causing buying opportunities". I'm banking on it at the moment! Stay strong my friend.

[frankq]

Yawn , ok windy
Gold and silver up!

Up......Yeah, for a change eh? LOL!!!!!

[Aman A.K.A. Ahamburger]

Sept 25, 2013 16:38:44 GMT -5 frankq said:

I agree whole heartedly with you Aham regarding "problems causing buying opportunities". I'm banking on it at the moment! Stay strong my friend.

You too! "Roots" 

[Aman A.K.A. Ahamburger]

Sept 24, 2013 4:00:53 GMT -5 damnotagain said:

Let's see what happens to metals when yellon increases the amount of bond buying to 100 billion . Take a look at her husband , who penned  " looting: how to file bankruptcy and make a profit ".
Take a look at her genealogy , nepotism?

" give me control of a nations money supply and I care not who makes it s laws." 
ABR

  The biggest reason that I know all this Jewish banker NWO garbage if false, the amount of misinformation on all levels.  Damn the book you're referring too is called, Looting: The Economic Underworld of Bankruptcy for Profit. It's about how these corporate raiders that plunder companies for money instead of making them grow are scumbags.  There is also this article that Janet and George wrote together, "In Efficiency Wage Models of the Labor Market".  It was about paying people more than bottom dollar for their work because in the end it's better for the economy.  

  It's funny damn, you keep bringing up God.  No people have been as faithful to the God that Abraham first talked about than the Jewish people. 

[frankq]

So the Jews are engineering the NWO all these years? I gotta tell you, for all their alleged efforts in the NWO arena, it doesn't look like it's been all wine and roses for them as a people for the last 80 years or so. It looks to me that they've been fighting tooth and nail for what they have.

[sunrnr]

Sept 25, 2013 16:09:50 GMT -5 damnotagain said:

Yawn , ok windy
Gold and silver up! 

I was on the East coast this week taking care of some business and watched this fellow on one of those informercials. I apologize for not remembering who he was. Anyway, he is convinced with every fiber of his sole metals will sky rocket within the next year. Silver at $100.00 within a year ... gold, platinum, unobtainium ... all going through the roof.

Only time will tell, eh?

[Aman A.K.A. Ahamburger]

Sept 27, 2013 8:14:56 GMT -5 frankq said:

So the Jews are engineering the NWO all these years? I gotta tell you, for all their efforts in the NWO arena, it doesn't look like it's been all wine and roses for them as a people for the last 80 years or so. It looks to me that they've been fighting tooth and nail for what they have.

 That's the whole thing Q, no real explanations at all, only bias opinions, cherry picked quotes and blood libels. 

[frankq]

Speaking of cherry picking, I think it might be time to start looking at some possible buys starting today. Lets see how the morning progresses.

[frankq]

Hmmm.......Not yet.......But I'm thinking about picking up some ED. No.....I'm talking about Consolidated Edison wise guy......