gold and silver to pop monday?

stellaconcepts said:
I think the bank run in Cyprus (and the speculation of contagion) may do more than just support metal prices tomorrow.

http://www.zerohedge.com/news/2013...aircut-bailout-turns-saver-panic-bank-runs-br
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I'm afraid to say I see our global economy disintergrating more frequently.

I'm a pm fan and 100% of my childrens investments are in both physical gold and silver.

The anti Gold pro US dollar team must not be underestimated ( for now )

Gold.....and Silver to the moon.....at some point lol
 
Cyprus bank holiday now extended through Tuesday and possibly Wednesday
 
greece will be going to the atms and banks tomorrow. spain as well. no-one is safe. if u were in any southern european country that is having difficulty... would you not get it all out? i'd say 10% of people would and thats enough to change the financial landscape for a long long time.

i dunno... i think this is a pretty big shoe to drop, lets see how it pans out.
 
I bet the banks put a limit on how much you can withdraw in any one day..

Maybe 200 euros?

Regards Errol 43
 
I'm pulling the trigger now.....( its a very tiny gun ) so not a big deal

Gut feeling is gold to be approaching $1650+++ by Friday
 
The central planners will have already anticipated the potential flight into safer assets and will be set to defend their paper horde as best they can. Along those lines, they are unlikely to let the PM set run. Consequently, my guess is, another take down attempt, to show that fiat is boss. Another buying opportunity, especially the PM equities?

BG
 
I don't think gold will pop until the worlds central banks and Goldman Sachs type banksters have finished consolidating their gold positions. When they're ready, they'll happily watch gold go like a hooked marlin...
 
This is going to be huge, were do you keep your cash,under the bed ,or gold .

the last of my spare cash went on gold yesterday. it might be a slow start, it will soon turn into an avalanche.

Looks like they are having 2nd thoughts about ripping off the kgb,vote has been delayed
 
EUR weakness / USD strength as expected. Let's wait and see how the metals go
 
How many times have there been events that 'should' have pushed PMs much higher, then they end up lower. What will happen will happen.
 
willrocks said:
How many times have there been events that 'should' have pushed PMs much higher, then they end up lower. What will happen will happen.
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exactly, it's all fluff. every man and his dog have a had a guess at it, I guess if you have a pop enough you'll eventually get it right :rolleyes:
 
German Commerzbank Suggests Wealth Tax In Italy Next
zerohedge said:
While some argue that Cyprus was "one of the biggest money-washing machines for Russian criminals," and others that Cyprus ex-Pat community and energy resources brough deposits (not to say their high deposit interest rates), it seems the European Union (IMF et al.) have decided that the route to crisis stabilization, just as we outlined here over a year ago and updated here, is through a wealth tax.

However, as Handelsblatt reports, the gross distortions of wealth distribution among both core and peripheral nations (evident in the chasm between 'mean' and 'median' net assets - or wealth) makes some nations more 'capable' of 'giving' and as Commerzbank's chief economist notes, median wealth in Italy is EUR164,000 (as opposed to Austria's median of around EUR76,000 and mean of around EUR265,000) meaning that in theory Italy has no debt crisis (with net assets at 173% of GDP) - significantly more than the Germans at 124% - "so it would make sense, in Italy a one-time property tax levy," he suggested.

"A tax rate of 15% on financial assets would probably be enough to push the Italian government debt to below the critical level of 100% of gross domestic product." So there you have it, the 'new deal' in Europe, as we warned, is 'wealth taxes' and testing the "capacity of Cypriots" appears to be the strawman on what the public will take before social unrest becomes intolerable.
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http://www.zerohedge.com/news/2013-03-17/german-commerzbank-suggests-wealth-tax-italy-next
 
gold is currently trading at a $2.50 spread on my trading platform (IGMarkets). It usually trades at a 50c spread... thats 5 times spread :) gives you an idea of the volume that is currently going through.
 
hiho said:
willrocks said:
How many times have there been events that 'should' have pushed PMs much higher, then they end up lower. What will happen will happen.
Click to expand...

exactly, it's all fluff. every man and his dog have a had a guess at it, I guess if you have a pop enough you'll eventually get it right :rolleyes:
Click to expand...


POP goes the weasel!
 
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