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Message
Goodbye $44 Silver
Posted on 4/19/11 at 3:49 pm
Posted on 4/19/11 at 3:49 pm
Once again thanks to Tyler Durden at Zero Hedge for the timely updates. From Zero Hedge:
"The real beauty about waging a two front war (keeping gold from hitting the barrage of $1,500 limit spot orders; and silver from passing a dollar a day) means that Comex cartel has to pick its fights. Today gold loses for now, as the $1,500 spot (but not futures) price is safely defended. The same can not be said for silver. $44 was just taken out. And those who actually wish to buy American Eagles can do so at the low, low price of $47.32 on Monex."
LINK
"The real beauty about waging a two front war (keeping gold from hitting the barrage of $1,500 limit spot orders; and silver from passing a dollar a day) means that Comex cartel has to pick its fights. Today gold loses for now, as the $1,500 spot (but not futures) price is safely defended. The same can not be said for silver. $44 was just taken out. And those who actually wish to buy American Eagles can do so at the low, low price of $47.32 on Monex."
LINK
1
Posted on 4/19/11 at 3:58 pm to RasinCane
Why not just monitor Kitco? Anyway, where do you get off of the rollercoaster? I always said I would hold to see if the hyperinflationists were right, but my goldmoney account is up like 160% since I loaded it up a few years ago. I have a hard time justifying staying put at $1,500-plus gold/$50-plus silver. Plus, I think there are some decent deflationary arguments out there.
This post was edited on 4/19/11 at 4:00 pm
Posted on 4/19/11 at 4:06 pm to Bunk Moreland
I will boldly predict that inflation will be higher than it is today throughout 2011, but in 2012, it will not only disinflate, it will be lower than whatever it is at on August 1st, year-to-date. I would tell Cane to sig quote, but there's 0 chance he'll make it that long.
Posted on 4/19/11 at 4:06 pm to Bunk Moreland
Kitco? In two words? Jon Nadler.
All you need monitor is how long the Fed is going to continue the QE program; ie, printing tons of fiat. Stay near the exit and be ready to head out. The hyperinflation vs inflation vs deflation debates are simply distractions. Just watch the Fed cause they are running a command economy. If you don't see what is going on you are not paying attention.
All you need monitor is how long the Fed is going to continue the QE program; ie, printing tons of fiat. Stay near the exit and be ready to head out. The hyperinflation vs inflation vs deflation debates are simply distractions. Just watch the Fed cause they are running a command economy. If you don't see what is going on you are not paying attention.
Posted on 4/20/11 at 6:43 pm to kfizzle85
quote:
I will boldly predict that inflation will be higher than it is today throughout 2011, but in 2012, it will not only disinflate, it will be lower than whatever it is at on August 1st, year-to-date. I would tell Cane to sig quote, but there's 0 chance he'll make it that long.
The existing home sales data released today would certainly back up your 2011 prediction, but what's motivating your 2012 prediction--a combo of interest rate hikes and government budget cuts? A global/Chinese angle w/r/t commodities perhaps?
Posted on 4/20/11 at 7:39 pm to RasinCane
quote:
Just watch the Fed cause they are running a command economy. If you don't see what is going on you are not paying attention.
This is how it happens. QE stops, FFR goes up, opportunity cost of holding cash now appears, economy is then flooded with fiat, PMs soar.
and energy
This post was edited on 4/20/11 at 7:43 pm
Posted on 4/20/11 at 9:03 pm to Doc Fenton
David Rosenberg's 24 page-long thesis.
Posted on 4/20/11 at 9:04 pm to Rantavious
quote:
This is how it happens. QE stops, FFR goes up, opportunity cost of holding cash now appears, economy is then flooded with fiat, PMs soar.
Walk me through this.
Posted on 4/20/11 at 9:52 pm to kfizzle85
quote:
David Rosenberg's 24 page-long thesis.
Walk me through this or give me a link!
Posted on 4/20/11 at 11:38 pm to Doc Fenton
Give me an email.
Posted on 4/20/11 at 11:47 pm to kfizzle85
...
This post was edited on 4/20/11 at 11:54 pm
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