one thing for sure is that one of the thousands will end upo correct. you have better odds on the chocolate wheel
I've been pondering that and I don't see any constraint on the banks raising even if the Central Bank doesn't move. Politicians can do nothing but bleat, as per the recent Big 4 increases - which are now off the front page. Credit Card rates still at 20% or thereabouts. The banks can do what they want.
Your bear market is based on naked paper contracts being sold into the market, and accepted by unsuspecting buyers. 293 : 1 paper ounces vs real ounces at the COMEX warehouse. The COMEX price is not a true reflection of demand vs supply. Supply is being overwhelmed by banks manufacturing fake, electronic gold, out of thin air, and selling it into the market. This obviously manipulates the price to the downside. I won't be surprised to see the gold and silver prices continue to slide down for as long as the market has CONFIDENCE in those paper contracts. Nor will I be surprised to wake up one day, and hear that the COMEX has defaulted. Personally, I think we're still a fair way off the masses losing CONFIDENCE in those little pieces of paper they hold so dearly in their wallets. But with 5tonnes in COMEX, we're scraping pretty close to a default. THEN those unsuspecting buyers will take a closer look at what "gold" they actually have.
Oh FFS. Another noob has been swept up in the permabull hype, raced into SS, and spewed it all back out. I think some guidance and mentoring might be in order.
Oh at last the oracle wrcmad has spoken : such wizdom such insight in his usual derogatory manner. I think not.
I am with wrcmad on this. SYS did neglect to throw in a Chris Duane reference but apart from that it's sounding like typical regurgitated youtube BS
Sterling and wrcmad you are dead right. the Fed just this past week added 0.5T to the US national debt ($18.1-18.6T). The 19.6T ceiling will be breached before the next years election. The world economy is collapsing in real terms in every sector (oil, exports, commodities,shipping, transports, war) yet miraculously and in total isolation, the US jobs data post a record jobs number where 50% of the jobs are based on a birth death model (no real jobs) and almost all the jobs were in 55 year old's or older. This is a "real" recovery and portends higher growth, higher sales, higher salaries, higher interest rates and lower PM prices. If that aint happy talk hype spewed out by every news channel then I must be in a coma. When everyone rushes to one side of the boat beware it is going to capsize, and that is the truth. It may take a little time but is coming.
G'day Baldrick. Someones got to do it. Notice you went dead silent after your last uninformed rant regarding backwardation? Back for more?
Back for more what ? I was not aware you gave me anything ? I thought you would have learned your lesson last time you were banned. I am sure all the SS members just love your denigrating supercilious and condescending remarks that you dish out to our new members. I don't care what you say to me as I have been in this market since the late 1990's and what you say or pretend to know is totally irrelevant in my world. What concerned me now is you attitude to new members who are looking for information and learning what is really happening, which is not your distorted view on short term trades.
No. This member was not looking for any information. It was a blunt, uneducated, 2nd-post rant, reflecting the same ignoramus permabull style as your own contributions. Back for more education?
A "permabull" that expects the price to go down. A "permabull" that's liquefying a significant percentage of his PM to diversify out of PM. wrcmad, your condescending label seems to be in contradiction to my actions. It's interesting that you think that naked paper contracts, are the same as allocated physical ounces. It's even more interesting that you don't recognise this adds to supply, or that a default would have an effect on price. How did you learn the Kiwi-version of the Demand-Supply curve? Did sterling-nz teach you it via Chat-Roulette? Or did you just fly there, and have a real-life circle jerk with him? Chris Duane's views on silver, are beyond obssessive. The masses weren't trading silver & gold for food & gas during Hurricane Katrina. The world doesn't need your bitterness. Or your self-righteous "intelligence".
I have no idea WTF you are talking about? I also have no idea what your actions are... you have been here 3 seconds. And you obviously have no idea what I think.
An education from you ? ROFLMAOYSST I need an education from you like I need a hole in my head. You have learned nothing except arrogance Keep it up
Apologies if you perceive me as arrogant. Please don't confuse correcting your misinformation with facts as "arrogant" - I am a stickler for the truth. I suppose because you contribute extremely little in the way of truth or fact, but a lot in terms of misguided spin which in turn may misinform other poor souls, that I assumed some knowledge may be helpful to you (backwardation being the most recent example).
See my thread on ABS jobs data. http://forums.silverstackers.com/to...-data-not-worth-paper-they-re-written-on.html
You really are quite amusing. Such a great opinion of your so-called abilities. "A stickler for truth" - you jest - I doubt you would recognize it if it hit you between the eyes. Anyway I have real work to do not waste my time on this.....
