Buy Precious Metals on a Pullback to Profit From the Greatest Transfer of Wealth in History [View article]
There will be big winners and big losers in this market. Trading has become more riskier not less. Leveraged margins have become very high again. So much so that the smart money has left the building and has been seeking safety in gold and silver, along with commodities. T bills are being dumped. Any dollar, or dollar based asset is being converted into anything (farmland etc.) that will have a modicum of devaluation protection. For those who continue to trade, such as the author of this article and those who follow his advise, a word of warning; Listen closely and watch even closer, for when the music stops - there are always more participants then there are chairs! Be safe. Buy and hold physical gold and silver bullion/coins outside the system. You will be glad you did.
chux - Agree. To those who have been frightened out of your physical silver positions - my condolences. You lose greater gain. To those who have the intestinal fortitude and stick 'withitness', to add to your physical silver positions - congratulations. You win! To those who have used this pullback to enter a new position - hang in there, the wait will be well worth it!
Expecting a Healthy Pullback in Gold and Silver Prices [View article]
Agree. Gold and silver held by 'weak' hands is shaken loose, only to be scooped up by 'strong' hands. This is nothing more than a pause for consolidation and to build a new base, from which to launch higher. There has been no change in the fundamentals. They remain the same, even slowly worsening. Its this speed of change in the fundamentals, that will dictate the speed of valuations in the PMs going forward. Expect such volatility as this past day or two, to increase in size and violence. Hang onto your seat!
What is gold and silver physical ownership, but pure insurance? The ultimate store of value and protector of wealth.
By all means - trade the precious metals in the paper precious metals market such as GLD and SLV. However own and hold the physical bullion/coins outside the system. Be safe. You will be glad you did.
Where gold goes - silver follows, and vise versa. Simple as that. Fundamentals the same, only slowly worsening.
For gold and silver to drastically fall in price - you would require so many things, the least of which would be a huge upswing in the USD, which would depend upon the government doing a 180 degree turn on their monetary/fiscal policy, abandoning the Fed, jailing the TBTFs, sweeping financial reform, along with sweeping electoral reformation, drastic improvement in village, town, city, county, state finances, a return to full employment, big cuts in the military/industrial complex budgets.
Ain't gonna happen!
Both gold and silver will continue to higher valuations until the fundamentals start improving. BTFD!
The Silver Correction Is Over, Next Stop $62 [View article]
Think about it. After hours metals market starts to nose dive just prior to the news of OBL death. Far east markets - China, Singapore are closed for their May Day celebrations. London and the LBMA closed for their regular May bank holiday weekend. So, who is left in this very light, rare volume, after hours, market? Why, only the trading on the globex! Its a pure New York show! So what happens? The bullion banks, led by JPM hammer the precious metals markets - all four PMs by the way! To force out weak hands and ring their cash boxes, at the same time covering some of their grotesquely massive short positions. Open your eyes and ears. The manipulation is there for all to recognize! Except for those who choose not to see or hear! If you are in that camp - then please insert your head back into the sand. Everything will be fine.
A falling dollar brings handles not recently seen or never seen before vs. major currencies. The euro climbs to $1.49 for the first time since 2009, now within sight of pre-GFC levels. The aussie punches through $1.10, never even having hit $1.03 just six weeks ago. [View news story]
Close now. The USDX below 70.70? There be dragons down there. Chinese dragons!
No word on whether he told them to "suck it up," but Charlie Munger, says Greeks, who "don’t want to pay taxes or do much work," shouldn't expect to be bailed out by "a bunch of Germans and Dutch," especially after the government cheated on its accounting. [View news story]
Hyperinflation Is Imminent - National Inflation Association [View article]
C. Y. - Agreed. Good comment. Count yourself amongst the lucky few who understand, the dire straights that the country finds itself in. Prepare accordingly.
Hyperinflation Is Imminent - National Inflation Association [View article]
flow5, Your prediction does indeed suffer a very high probability outcome. One thing I would add; When all else fails - take the country to war. I pray not.
Parallels to the 1970s Suggest Further Dollar Weakening and Parabolic Move in Gold Ahead [View article]
The "Financial Sense" blog, of which Chris Puplava is just one of many, many contributors, is IMHO a must read site. This article is one reason why the above is true. Excellent analysis. Backed by a well reasoned assessment and appropriate graphs, that have direct influence upon the subject.
I agree with the premis of this article, in that as long as the Fed practices their current fiscal/monetary policy, in collusion with those in political power, the USD will lose and precious metals will win.
Until such time as we have a 180 degree change in fiscal/monetary policy, accompanied by sound political decision making, that may very well be unpopular, the current scenario will prevail.
Brings to mind an old addage - "You can pay now? Or pay later. But pay you will!
Hyperinflation Is Imminent - National Inflation Association [View article]
"The risk of losing money is especially severe during such unpredictable periods. Flexibility and preservation of capital are critically important until economic stability is restored and values are again historically attractive."
How to accomplish this "preservation of capital" yet remain flexible?
Capital (wealth) both corporate and personal, then requires protection.
From what? Inflation? Deflation? Hyperinflation? All of the above.
Last, best capital destination? Physical gold and silver ownership.
Richard Russell: A Gold Tsunami Is Coming [View article]
H-65, Agree. Yet there are those that insist that the stock markets are the place to "make" money! When you begin to value the markets to gold, you get the true picture of just how much money they have truly made! Even though paper profits look good, when valued in gold, they have been lucky to have broken even!
H-65, You are most welcome. For a fund manager, Wesley Legrand is no slouch! His fund returned 140% in 2009 and 81% last year. He is one sharp cookie and I pay attention to his financial views. By going outside the country on the net, for different view points from the outside looking in, you definitely get the reality picture. Other than the propaganda that the MSM force feeds the masses here.
Buy Precious Metals on a Pullback to Profit From the Greatest Transfer of Wealth in History [View article]
Trading has become more riskier not less. Leveraged margins have become very high again. So much so that the smart money has left the building and has been seeking safety in gold and silver, along with commodities. T bills are being dumped. Any dollar, or dollar based asset is being converted into anything (farmland etc.) that will have a modicum of devaluation protection.
For those who continue to trade, such as the author of this article and those who follow his advise, a word of warning;
Listen closely and watch even closer, for when the music stops - there are always more participants then there are chairs!
Be safe. Buy and hold physical gold and silver bullion/coins outside the system. You will be glad you did.
Why I Sold Silver [View article]
To those who have been frightened out of your physical silver positions - my condolences. You lose greater gain.
To those who have the intestinal fortitude and stick 'withitness', to add to your physical silver positions - congratulations. You win!
To those who have used this pullback to enter a new position - hang in there, the wait will be well worth it!
Expecting a Healthy Pullback in Gold and Silver Prices [View article]
There has been no change in the fundamentals. They remain the same, even slowly worsening. Its this speed of change in the fundamentals, that will dictate the speed of valuations in the PMs going forward. Expect such volatility as this past day or two, to increase in size and violence. Hang onto your seat!
A Silver Insurance Plan [View article]
The ultimate store of value and protector of wealth.
By all means - trade the precious metals in the paper precious metals market such as GLD and SLV. However own and hold the physical bullion/coins outside the system. Be safe. You will be glad you did.
The Silver Bull Market Is Over [View article]
Fundamentals the same, only slowly worsening.
For gold and silver to drastically fall in price - you would require so many things, the least of which would be a huge upswing in the USD, which would depend upon the government doing a 180 degree turn on their monetary/fiscal policy, abandoning the Fed, jailing the TBTFs, sweeping financial reform, along with sweeping electoral reformation, drastic improvement in village, town, city, county, state finances, a return to full employment, big cuts in the military/industrial complex budgets.
Ain't gonna happen!
Both gold and silver will continue to higher valuations until the fundamentals start improving. BTFD!
The Silver Correction Is Over, Next Stop $62 [View article]
After hours metals market starts to nose dive just prior to the news of OBL death. Far east markets - China, Singapore are closed for their May Day celebrations. London and the LBMA closed for their regular May bank holiday weekend.
So, who is left in this very light, rare volume, after hours, market? Why, only the trading on the globex! Its a pure New York show! So what happens? The bullion banks, led by JPM hammer the precious metals markets - all four PMs by the way! To force out weak hands and ring their cash boxes, at the same time covering some of their grotesquely massive short positions.
Open your eyes and ears. The manipulation is there for all to recognize! Except for those who choose not to see or hear! If you are in that camp - then please insert your head back into the sand. Everything will be fine.
A falling dollar brings handles not recently seen or never seen before vs. major currencies. The euro climbs to $1.49 for the first time since 2009, now within sight of pre-GFC levels. The aussie punches through $1.10, never even having hit $1.03 just six weeks ago. [View news story]
There be dragons down there.
Chinese dragons!
No word on whether he told them to "suck it up," but Charlie Munger, says Greeks, who "don’t want to pay taxes or do much work," shouldn't expect to be bailed out by "a bunch of Germans and Dutch," especially after the government cheated on its accounting. [View news story]
Beware of Greeks bearing gifts!
Hyperinflation Is Imminent - National Inflation Association [View article]
Prepare accordingly.
Hyperinflation Is Imminent - National Inflation Association [View article]
Your prediction does indeed suffer a very high probability outcome.
One thing I would add; When all else fails - take the country to war.
I pray not.
Parallels to the 1970s Suggest Further Dollar Weakening and Parabolic Move in Gold Ahead [View article]
Parallels to the 1970s Suggest Further Dollar Weakening and Parabolic Move in Gold Ahead [View article]
This article is one reason why the above is true. Excellent analysis. Backed by a well reasoned assessment and appropriate graphs, that have direct influence upon the subject.
I agree with the premis of this article, in that as long as the Fed practices their current fiscal/monetary policy, in collusion with those in political power, the USD will lose and precious metals will win.
Until such time as we have a 180 degree change in fiscal/monetary policy, accompanied by sound political decision making, that may very well be unpopular, the current scenario will prevail.
Brings to mind an old addage - "You can pay now? Or pay later. But pay you will!
Hyperinflation Is Imminent - National Inflation Association [View article]
How to accomplish this "preservation of capital" yet remain flexible?
Capital (wealth) both corporate and personal, then requires protection.
From what? Inflation? Deflation? Hyperinflation?
All of the above.
Last, best capital destination? Physical gold and silver ownership.
Richard Russell: A Gold Tsunami Is Coming [View article]
Yet there are those that insist that the stock markets are the place to "make" money! When you begin to value the markets to gold, you get the true picture of just how much money they have truly made! Even though paper profits look good, when valued in gold, they have been lucky to have broken even!
Is Gold a Bubble? [View article]
For a fund manager, Wesley Legrand is no slouch! His fund returned 140% in 2009 and 81% last year. He is one sharp cookie and I pay attention to his financial views.
By going outside the country on the net, for different view points from the outside looking in, you definitely get the reality picture. Other than the propaganda that the MSM force feeds the masses here.