1. Metals try to capitalize in market weakness with dollar weakness ie choppy
    Dismiss Notice
  2. Good Thur Morning! Gold is down 1.3 to 1248. Silver is flat at 1757. Crude +16 to 4820. The USD is up 17 to 9964.
    Dismiss Notice
  3. Week of 3/18/2017 Closing prices & Chg Over Last Wk---- Gold $1230.20-- UP 28.8 Silver $17.41-- UP 49 Oil $49.31-- UP 82 TICS USD $100.11 -- DOWN 100 tics Based on near term futures contract--- At JMB Current price AGE 2017 $1299.09 (1), SAE $20.54 (20)

Metals Down! [sale]

Discussion in 'PM Trading/Stocks/Technical Analysis' started by REO 54, Mar 6, 2012.



  1. pitw

    pitw Gold Member Gold Chaser Site Supporter

    Joined:
    Jun 25, 2013
    Messages:
    2,724
    Likes Received:
    2,533
    Trophy Points:
    113
    Occupation:
    Custom pesticide applicator.
    Location:
    Eastern Alberta.
  2. Ahillock

    Ahillock A nobody Mother Lode

    Joined:
    Apr 30, 2013
    Messages:
    12,478
    Likes Received:
    12,055
    Trophy Points:
    113
    Location:
    GIM2 server bay #5
    Another $2.3 billion in paper gold dumped on market to supress price.
     
  3. pitw

    pitw Gold Member Gold Chaser Site Supporter

    Joined:
    Jun 25, 2013
    Messages:
    2,724
    Likes Received:
    2,533
    Trophy Points:
    113
    Occupation:
    Custom pesticide applicator.
    Location:
    Eastern Alberta.
    What's the problem? For a year I've been reading how a bunch want the price lower so they can buy more. Is it that they are starting to think they have bought enough.
     
  4. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    13,777
    Likes Received:
    6,812
    Trophy Points:
    113
    QWAK,pitw,It is like you read the book and know how it ends :ahhhhh::thumbs_down::vollkommenauf: but TPTB keep adding pages each time you think the SOBs are finely in a corner they can't get out of TPTB start a new chapter or some such BS to avoid honering there contract:deal: with the devil.:devil1:

    BTW:I was quite shure it would implode in the mid 80s that is why I stuck my neck out so far and bought the cabin and land in 1980 at 10% under contract!

    the DUCK :15_1_70v:
     
    Ebie likes this.
  5. Ebie

    Ebie Midas Member Midas Member

    Joined:
    Apr 9, 2010
    Messages:
    6,985
    Likes Received:
    1,508
    Trophy Points:
    113
    Do you think that the system will implode?

     
  6. Ebie

    Ebie Midas Member Midas Member

    Joined:
    Apr 9, 2010
    Messages:
    6,985
    Likes Received:
    1,508
    Trophy Points:
    113
    The stores of physical metal to satisfy the real market are not infinite.

     
  7. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    13,777
    Likes Received:
    6,812
    Trophy Points:
    113
    QWAK,Ebie,The system has been imploding since the mid 60s:thumbs_down: but now it is happening faster and faster :ahhhhh: it is posable we could see a new DARK AGE like after Rome fell:yes::cry_smile: --- I hope TPTB don't let it get that far but then agen BLOOD SUCKING leaches:eating: don't know there hoast is dieing till there is no more blood to suck.:thumbs_down::vollkommenauf:

    Best any one can do is not:36_1_30: go in the swamp ware the blood sucking leaches live:ahhhhh: and stock pile resources wile they still can!:idea::thumbs_up::23_28_100s:

    BTW:Just got back from Walmart only 4 LB. bags of sugar at the old 5 lb price!:realmad::censored:

    My humming birds are going threw over a pound a day!:eating::36_3_13:

    the DUCK :15_1_70v:
     
  8. pitw

    pitw Gold Member Gold Chaser Site Supporter

    Joined:
    Jun 25, 2013
    Messages:
    2,724
    Likes Received:
    2,533
    Trophy Points:
    113
    Occupation:
    Custom pesticide applicator.
    Location:
    Eastern Alberta.
    Too true.
    That being said I got to eat the first peas from the garden today and I can honestly say I wouldn't have traded you gold for them few peas either.
     
  9. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

    Joined:
    Jan 7, 2011
    Messages:
    9,277
    Likes Received:
    6,449
    Trophy Points:
    113
    Location:
    Florida
    Gold rose too fast last week. Now they are washing out all the 'in the money' longs and literally siphoning their profit away. This looks like the dip before we go to $1400 again.
     
  10. Ahillock

    Ahillock A nobody Mother Lode

    Joined:
    Apr 30, 2013
    Messages:
    12,478
    Likes Received:
    12,055
    Trophy Points:
    113
    Location:
    GIM2 server bay #5
    Ag smacked down below $20 again.
     
  11. platinumdude

    platinumdude Gold Chaser Platinum Bling

    Joined:
    Mar 31, 2010
    Messages:
    3,220
    Likes Received:
    2,135
    Trophy Points:
    113
    Gold now back up over $1300.
     
  12. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

    Joined:
    Apr 2, 2010
    Messages:
    12,306
    Likes Received:
    13,206
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    N/A
    Location:
    You can't get there from here.
    It must have been caused by the 4x ebux on fleabay.
     
    platinumdude likes this.
  13. Ahillock

    Ahillock A nobody Mother Lode

    Joined:
    Apr 30, 2013
    Messages:
    12,478
    Likes Received:
    12,055
    Trophy Points:
    113
    Location:
    GIM2 server bay #5
    Some fat finger at JPM hit the buy instead of sell button. Things will be corrected shortly.
     
  14. Ahillock

    Ahillock A nobody Mother Lode

    Joined:
    Apr 30, 2013
    Messages:
    12,478
    Likes Received:
    12,055
    Trophy Points:
    113
    Location:
    GIM2 server bay #5
    The smackdown continues.
     
  15. REO 54

    REO 54 Midas Member Midas Member

    Joined:
    Jul 4, 2010
    Messages:
    6,546
    Likes Received:
    4,635
    Trophy Points:
    113
    Cool. Get cheap I say!


    PRECIOUS-Gold drops to 2-month low as dollar gets boost from hawkish Fed:

    * Gold drops for a fifth straight session
    * Dollar index at 11-month high
    * Coming up: Eurozone and U.S. Markit manufacturing PMI

    (Adds 1 percent drop in prices, trader comment)
    By A. Ananthalakshmi
    SINGAPORE, Aug 21 (Reuters) - Gold extended losses to a
    fifth session on Thursday, sliding 1 percent to its lowest in
    two months, after the U.S. dollar strengthened on indications
    from the Federal Reserve that it could raise interest rates
    sooner than expected.
    A surprisingly strong recovery in the U.S. job market could
    lead the Fed to raise interest rates earlier than it had been
    anticipating, minutes from the Fed's July meeting showed,
    although most officials wanted further evidence before changing
    their view.
    Spot gold fell as much as 1.2 percent to $1,276.90 an
    ounce, its lowest since June 19, before recovering slightly by
    0635 GMT to trade down 0.9 percent at $1,280.04.
    U.S. gold dropped as much as 1.6 percent to
    $1,274.90, also a two-month low.
    "Gold had already been under pressure from the dollar. Once
    it broke below the 200-day moving average near $1,284, there was
    heavy selling," said one precious metals trader.
    Safe-haven gold failed to gain support despite a dip in
    Asian shares that came under pressure as a disappointing Chinese
    manufacturing survey stoked concern about the regional giant.

    The U.S. dollar traded at 11-month highs against a basket of
    major currencies because of the slightly hawkish tone in the
    U.S. central bank's minutes.
    More data on Thursday on U.S. weekly jobless claims and
    eurozone and U.S. manufacturing data could trigger further
    sell-offs in gold.
    Investors fear that strong data could prompt the Fed to
    increase rates soon. Higher interest rates would dull the appeal
    of non-interest-bearing assets such as gold.
    Markets are also eyeing Fed chair Janet Yellen's comments at
    the Jackson Hole central bankers' gathering on Friday.
    Meanwhile, SPDR Gold Trust, the world's largest
    gold-backed exchange-traded fund, said its holdings rose 0.9
    tonne to 800.09 tonnes on Wednesday, the third straight daily
    increase.
    Continued violence in Ukraine and the Middle East may be
    prompting investors to seek safety in gold. Those conflicts have
    helped push bullion up around 7 percent this year

    PRICES AT 0635 GMT
    Metal Last Change Pct chg

    Spot gold 1280.04 -11.9 -0.92
    Spot silver 19.36 -0.09 -0.46
    Spot platinum 1421.7 -0.8 -0.06
    Spot palladium 863.2 0.1 0.01
    Comex gold 1281 -14.2 -1.1
    Comex silver 19.345 -0.152 -0.78
    Euro 1.3263
    DXY 82.241

    COMEX gold and silver contracts show the
    most active months

    (Reporting by A. Ananthalakshmi; Editing by Richard Pullin,
    Alan Raybould and Anand Basu)


    http://www.reuters.com/article/2014/08/21/markets-precious-idUSL4N0QR1EP20140821
     
  16. platinumdude

    platinumdude Gold Chaser Platinum Bling

    Joined:
    Mar 31, 2010
    Messages:
    3,220
    Likes Received:
    2,135
    Trophy Points:
    113
    I sold all my gold at $1,273.91, and all my silver at $19.36.
     
    gringott likes this.
  17. REO 54

    REO 54 Midas Member Midas Member

    Joined:
    Jul 4, 2010
    Messages:
    6,546
    Likes Received:
    4,635
    Trophy Points:
    113
    So you have a dyslectic PM strategy? Lol
     
    platinumdude likes this.
  18. Ahillock

    Ahillock A nobody Mother Lode

    Joined:
    Apr 30, 2013
    Messages:
    12,478
    Likes Received:
    12,055
    Trophy Points:
    113
    Location:
    GIM2 server bay #5
    The world is going to hell in a hand basket (Pakistan, Ukraine, ISIS, Ebola, Syria) and gold is still getting hammered. I thought it was September?
     
  19. Krag

    Krag Planet earth Platinum Bling

    Joined:
    Feb 20, 2013
    Messages:
    3,747
    Likes Received:
    2,530
    Trophy Points:
    113
    These cycles often repeat; investors are fickle as Machievelli said, it is relatively easy to sell large numbers on the illusion that the stock market and the dollar are strong and is a bull market but impossible to fix them in it.

    The world economy is too volatile to guess what anything will do this week or the next. Precious metals are just one variable; frankly I would rather have tangibles than intangibles that can be lost or diminished quickly and without warning.
     
    Mr Paradise, luckabuck and Ahillock like this.
  20. luckabuck

    luckabuck Gold Member Gold Chaser

    Joined:
    Jun 20, 2013
    Messages:
    1,259
    Likes Received:
    1,001
    Trophy Points:
    113
    It just goes to prove that the frivolities of the banking world are more important than other crisis problems all over the world. Banksters run things!

     
  21. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

    Joined:
    Apr 2, 2010
    Messages:
    12,306
    Likes Received:
    13,206
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    N/A
    Location:
    You can't get there from here.
    Pretty funny in a way. World self-destructing and PMs tanking.

    I'm talking funny in an ironic way or sarcastic.
     
  22. Ahillock

    Ahillock A nobody Mother Lode

    Joined:
    Apr 30, 2013
    Messages:
    12,478
    Likes Received:
    12,055
    Trophy Points:
    113
    Location:
    GIM2 server bay #5
    Must. Smash. Prices. Down.


    [video=youtube_share;moiUyFQQE-0]http://youtu.be/moiUyFQQE-0[/video]
     
    REO 54 likes this.
  23. REO 54

    REO 54 Midas Member Midas Member

    Joined:
    Jul 4, 2010
    Messages:
    6,546
    Likes Received:
    4,635
    Trophy Points:
    113
    Droppin' like pants of a stripper! That's if our ticker was showing. Wtf? Were us it
     
  24. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    2,032
    Likes Received:
    974
    Trophy Points:
    113
    Location:
    Bluegrass
    If you click on a different section of the forum, then it reappears. Noticed that the last couple of days.
     
  25. Ahillock

    Ahillock A nobody Mother Lode

    Joined:
    Apr 30, 2013
    Messages:
    12,478
    Likes Received:
    12,055
    Trophy Points:
    113
    Location:
    GIM2 server bay #5
    Are they going to take out $1180? Interesting times.
     
  26. REO 54

    REO 54 Midas Member Midas Member

    Joined:
    Jul 4, 2010
    Messages:
    6,546
    Likes Received:
    4,635
    Trophy Points:
    113
    Pffffft! Why not? Cartoon markets right?
     
  27. REO 54

    REO 54 Midas Member Midas Member

    Joined:
    Jul 4, 2010
    Messages:
    6,546
    Likes Received:
    4,635
    Trophy Points:
    113
    MOAR! Good weekend to go shopping for metals!
     
  28. Vlad The Impaler

    Vlad The Impaler Gold Member Gold Chaser

    Joined:
    Aug 14, 2014
    Messages:
    1,473
    Likes Received:
    753
    Trophy Points:
    113
    Why is silver dropping?
     
  29. Annie

    Annie Silver Member Silver Miner

    Joined:
    Sep 26, 2014
    Messages:
    578
    Likes Received:
    312
    Trophy Points:
    63
    Occupation:
    Full time scooter trash.
    Location:
    30 days past due on tat payments.
    Climate change.
     
  30. Silver Buck

    Silver Buck Gold Member Gold Chaser

    Joined:
    Oct 22, 2010
    Messages:
    2,351
    Likes Received:
    1,506
    Trophy Points:
    113
    Occupation:
    Gin Bottler
    Location:
    Western Shores of Lake Erie
    Supply is up.
     
  31. SAGI

    SAGI Gold Member Gold Chaser

    Joined:
    Apr 1, 2010
    Messages:
    1,464
    Likes Received:
    756
    Trophy Points:
    113
    Occupation:
    Investor/trader in metals equities
    Location:
    London UK
    Nothing of the sort old chaps. Simply shorts more than longs for the time being, keep one eye on Platinum that is the one to buy soon. Gold Ratio near 1-1 Platinum.

    1185, 1150 1035, 1005 then who knows

    SAGI
     
  32. jelly

    jelly Seeker Seeker

    Joined:
    Dec 6, 2010
    Messages:
    368
    Likes Received:
    216
    Trophy Points:
    43
    Wrong. Worldwide Deflation is the answer you were looking for.
     
  33. Vlad The Impaler

    Vlad The Impaler Gold Member Gold Chaser

    Joined:
    Aug 14, 2014
    Messages:
    1,473
    Likes Received:
    753
    Trophy Points:
    113
    Are you saying things are looking better with the economy?
     
  34. southfork

    southfork Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    12,658
    Likes Received:
    9,753
    Trophy Points:
    113
    LCS down to 3 ounces rounds and maybe 10 saes, I bought 3 of the 97's for 19. bucks so make that 7, no gold and he doesn't hide anything, nothing left but numis.
     
    gringott likes this.
  35. smooth

    smooth Gold Member Gold Chaser

    Joined:
    Mar 31, 2010
    Messages:
    2,186
    Likes Received:
    2,595
    Trophy Points:
    113
    I'm no jelly, but typically deflation= people have no money to purchase or people are hoarding their cash. True economic outlook not so bright.
     
  36. Vlad The Impaler

    Vlad The Impaler Gold Member Gold Chaser

    Joined:
    Aug 14, 2014
    Messages:
    1,473
    Likes Received:
    753
    Trophy Points:
    113
    I don't really understand what you are trying to relay here. As the price drops any no one has any incentive to sell. SO unless there is a sell off what is causing it? I don't know anything but supply and demand. There must be another reason related to the suppression of silver pricing?
     
  37. Silver Buck

    Silver Buck Gold Member Gold Chaser

    Joined:
    Oct 22, 2010
    Messages:
    2,351
    Likes Received:
    1,506
    Trophy Points:
    113
    Occupation:
    Gin Bottler
    Location:
    Western Shores of Lake Erie
    Excuse me?
     
  38. hoarder

    hoarder Banned

    Joined:
    Mar 30, 2010
    Messages:
    9,204
    Likes Received:
    7,428
    Trophy Points:
    113
    Location:
    Montana
    The supply of paper silver has no limits.
     
  39. Silver Buck

    Silver Buck Gold Member Gold Chaser

    Joined:
    Oct 22, 2010
    Messages:
    2,351
    Likes Received:
    1,506
    Trophy Points:
    113
    Occupation:
    Gin Bottler
    Location:
    Western Shores of Lake Erie
    Of course not.

    However, it does not take away from the fact that there is plenty of physical Silver available, and the availability will steadily increase for some time unless something major happens (like another real estate bubble burst).

    Bottom line is (and we are talking about the bottom line), there is plenty of the physical slag to be had.
     
  40. hoarder

    hoarder Banned

    Joined:
    Mar 30, 2010
    Messages:
    9,204
    Likes Received:
    7,428
    Trophy Points:
    113
    Location:
    Montana
    As long as there is ANY physical silver to be had, the bankers and their jidf helpers on the internet will insist there is an abundant supply.
     

Share This Page