Shouldnt silver and gold be going up right now?

Yeah, but the US white shoe boys have done a little bonds "twist" to make the US dollar a bargain, and Wall St. began to sell the farm last night... As one commentator put it, "They've been blessed with all the intelligence of a screwdriver".
 
Same question for me - in financial terms the world is almost at panic stations so I would have thought gold & silver would climb....instead silver is getting slaughtered !! doesn't add up to me.....but sadly my username says it all :(
 
silvertongue said:
Yeah, but the US white shoe boys have done a little bonds "twist" to make the US dollar a bargain, and Wall St. began to sell the farm last night... As one commentator put it, "They've been blessed with all the intelligence of a screwdriver".
Click to expand...

Think this explains it all - by averaging the yield curve for short/long bonds there as great short term profit opportunity for buying long term debit (2 years plus) and flipping pretty quickly. So when the opportunity ceases and the risk isn't worth the punt,where will the dollars go next?

I butchered the call for Ag not going below $40 but Bubble Ben never told his last marble was about to roll out of his head. US interest rates are going up and the blood will flow pretty freely from then. The last chance for cheap bullion? would say so...once Bourse gets his site back up, will be adding to the back orders again...
 
Ag said:
silvertongue said:
Yeah, but the US white shoe boys have done a little bonds "twist" to make the US dollar a bargain, and Wall St. began to sell the farm last night... As one commentator put it, "They've been blessed with all the intelligence of a screwdriver".
Click to expand...

Think this explains it all - by averaging the yield curve for short/long bonds there as great short term profit opportunity for buying long term debit (2 years plus) and flipping pretty quickly. So when the opportunity ceases and the risk isn't worth the punt,where will the dollars go next?

I butchered the call for Ag not going below $40 but Bubble Ben never told his last marble was about to roll out of his head. US interest rates are going up and the blood will flow pretty freely from then. The last chance for cheap bullion? would say so...once Bourse gets his site back up, will be adding to the back orders again...
Click to expand...

Bullion bourse site is still working for me.
 
Its about to go higher, they are just smacking it down so it won't go as high.
 
BootyBandit said:
With the possibility of recession here in Australia and the current financial financial problem in greece ect..
Click to expand...

BootyBandit~Theres a currency war raging ~On one side Fiat on the other side Gold and Silver,its that simple and that complicated.
And in the middle are Resources and commodities,when the Dust settles in 20 years time the Landscape of Wealth distribution will be very different to what it is today.
Pray PM's win

REDBACK
 
BootyBandit said:
With the possibility of recession here in Australia and the current financial financial problem in greece ect..
Click to expand...

What's happening is that everyone is panicking and selling everything so they can move into cash. You need cash to be able to buy stuff i.e. you can't buy a share in BHP with a 1oz Kookaburra. Nobody has decided yet what they're going to buy, so they're moving to cash so they have as many options as possible.

The reason people aren't holding is because gold and silver (mainly gold though) has increased substantially in price over the last few months. If you sell your gold and your shares at the same time, you can use your gains in precious metals to offset your losses in shares and (hopefully) come out with about the same amount of cash that you started with originally.

"I want to be in cash" = "I need to get out of everything else".
 
US is still perceived as a safe haven at this point in time. Nothing conspiratorial about it.

But people need to note, silver is not worth as much as people think. The reason it is going up is mainly due to the commodity boom and hoarding due to monetary problems. While it is an excellent opportunity, (although personally I am waiting for it to go a bit lower, below 30), there will be a nasty crash after the ultimate top (around the time the US defaults). And it won't recover for decades. Be wary. I'm fully expecting silver to be very cheap by the time 2020 rolls around and I will have lost interest some time before then.
 
hawkeye said:
US is still perceived as a safe haven at this point in time. Nothing conspiratorial about it.

But people need to note, silver is not worth as much as people think. The reason it is going up is mainly due to the commodity boom and hoarding due to monetary problems. While it is an excellent opportunity, (although personally I am waiting for it to go a bit lower, below 30), there will be a nasty crash after the ultimate top (around the time the US defaults). And it won't recover for decades. Be wary. I'm fully expecting silver to be very cheap by the time 2020 rolls around and I will have lost interest some time before then.
Click to expand...
I agree.. picking the ultimate top will be the mission, gotta control that greed :) By the time that comes around it will be time for another part of the cycle to begin, and silver will be flat for ages. I don't think it will attain some holy status and be 'high' forever, repeat 1980's .
 
Oh what a night!!!...

Silver has already double-topped and down she goes, where to, nobody knows...

Once the dust settles after the USD & Euro are gone, whatever the 'new' currency will be you'd expect it to be pegged to something tangible like Gold or Silver. After last night, looks like Gold came out the better of the two...
 
dont worry the $A will crumble soon, we are about to enter a recession, interest rates will be cut and OS money will start to flow out, long term the $A is valued around $0.70 by most strategists I've read.
 
Yep, they should go up but... If PMs go all the time higher, people will completely lose faith in paper (or perhaps electronic) money. And if that happens the demand for PMs will go crazy along with prices. As a result, the various hi-tech companies will suffer from higher PMs prices which will further deteriorate rather troubled economy... There are some stupid people who do not understand one simple thing: if PMs are gonna be distributed among the entire world population, or even just middle-class people, all you wold get yearly is only around 1/2 oz silver and 1/20th oz of gold. The electronic money is a totally fake piece o'crap. Governments around the world are getting debt overloaded which will inevitably result in failures of their currencies (tax revenues fall now). Than citizens will try to save their cash by getting something of value (Russia been through this in 1997 when we had a tech default on debts) like PMs. But... there will be no idiots willing to sell at THAT moment.
 
Hi Nick,

You sound as you have first hand experience of what it was like in Russia when communism collapsed?


Could you provide your experiences and/or what you heard about this time.


What happened to the currency, PMS, living conditions.


Maybe, this is what we will see in other countries in coming times.


Thanks, in advance.
 
hawkeye said:
US is still perceived as a safe haven at this point in time. Nothing conspiratorial about it.

But people need to note, silver is not worth as much as people think. The reason it is going up is mainly due to the commodity boom and hoarding due to monetary problems. While it is an excellent opportunity, (although personally I am waiting for it to go a bit lower, below 30), there will be a nasty crash after the ultimate top (around the time the US defaults). And it won't recover for decades. Be wary. I'm fully expecting silver to be very cheap by the time 2020 rolls around and I will have lost interest some time before then.
Click to expand...

WHAT!

Ok, can someone please tell me what is happening???
 
23 Sept.



I am getting excited because this is the fakeout move in gold I've been talking about. Now I don't mean that the correction is over; most likely it isn?t. But these are the type of monster corrections in gold that gets everyone questioning the bull market. I want to hear everyone talking about King Dollar and King Treasuries- this is music to my ears. Gold is probably going to correct further and consolidate from here. But following this correction, it will be your last great opportunity to buy.

Always be wary of market forecasters who only play one side. Some gold bugs are forever bullish and never foresee a correction. Deflationists are forever bearish and missed out on a decade-long bull market. At the end of the day, it is the rational, unbiased observer that makes the most money. The people who stubbornly cling to one view of the market are going to get crushed in the next couple of years.

Everyone needs to realize that even if gold corrected to $1400, the bull market would still be intact. We've seen 50% corrections in gold during bull markets before, so this correction is not that big of a deal. The big picture hasn?t changed at all. The smart money is going to buy into this correction, and a huge rally will probably arrive some time in 2012. This is the setup I?ve been talking about. Overcome your emotions and take advantage of it.

Gold Crashes, What?s Next? is a post from: Expected Returns
 
From memory I think it was Jim Sinclair who said a few months ago,
"be prepared for violent swings of up and down in gold and silver but rest assured the trend is UP "
 
Shouldnt silver and gold be going up right now?

The Majong says no ...

September
Wan 6
Symbol: Fire
The Fire tile is a strong warning that something is wrong or out of balance.
The Fire tile is a warning.
Your resources are in jeopardy.
These endangered resources may be financial or spiritual or physical.
In fact, resources of all types may be in danger.
 
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