Manic monday beatdown on metals

[southfork]

Its past being old, when the fk to they stop

 

[<SLV>]

Gold is holding better than silver. Must have to do with bond yields puking.

 

[Voodoo]

This happens when you have liquidity concerns. It's been signaling this way for some time.

 

[ZZZZZ]

Gold actually turned green for a few minutes. Now back down 8 garbanzos.

 

[southfork]

Help me if you can im feeling downnnnnnnnnnnnnnnnnnnn

 

[Au-myn]

Help me if you can im feeling downnnnnnnnnnnnnnnnnnnn

 

[Buck]

and the USD is down

-0.29

all three down at the same time...

risk on / risk off / risk out the window???

 

[789]

all three down at the same time...

Vegetables are up.

 

[Casey Jones]

Quack-vaxx deaths are up, too.

And we know what Klaus and the Davos Boys are up to.

Web crash coming in three, two, one...

 

[Wellsburg]

The crooks must smash silver so they can exit some of their short positions.

Then, it will take months for silver spot price to creep back up to $28 or so, and they start shorting again.

Rinse and repeat. Bastards.

 

[nickndfl]

Buying here.

 

[Buck]

Vegetables are up.

...on the podium

 

[chieftain]

Paper metals are going to be the whipping boys for a while yet.

 

[Casey Jones]

It really matters little, now.

In a collapse or SHTF scenario, precious metals are worthless. We're RACING towards that point, now.

Famine coming in three months. I think it's pre-organized; and if somehow there's more crops than Klaus figured on, they'll be burned, either before harvest or in transport.

So...the dollar's days are numbered, and the exchange rate is meaningless, except to buy or sell any at this last minute.

 

[southfork]

WTF the hammer handle break???

 

[Ebie]

It really matters little, now.

In a collapse or SHTF scenario, precious metals are worthless. We're RACING towards that point, now.

Famine coming in three months. I think it's pre-organized; and if somehow there's more crops than Klaus figured on, they'll be burned, either before harvest or in transport.

So...the dollar's days are numbered, and the exchange rate is meaningless, except to buy or sell any at this last minute.

"In a collapse or SHTF scenario, precious metals are worthless"
For how long will they be worthless?

 

[789]

In a collapse or SHTF scenario, precious metals are worthless.
Famine coming in three months.

Would you revisit this comment and axpand on it on October 29 ?

 

[Ebie]

Would you revisit this comment and axpand on it on October 29 ?

Why Oct. 29???

 

[Ebie]

It really matters little, now.

In a collapse or SHTF scenario, precious metals are worthless. We're RACING towards that point, now.

Famine coming in three months. I think it's pre-organized; and if somehow there's more crops than Klaus figured on, they'll be burned, either before harvest or in transport.

So...the dollar's days are numbered, and the exchange rate is meaningless, except to buy or sell any at this last minute.

Digital dollar coming.
"We're RACING towards that point, now."
It feels like it.
Like a freight train, with the throttle stuck on full.
That is the feeling here...

 

[Casey Jones]

"In a collapse or SHTF scenario, precious metals are worthless"
For how long will they be worthless?

Until a new stasis is arrived at.

Chaos can't last. Someone has to grow crops; and he has to trade. But when everyone's killing everyone, no one is planting.

However it works out, eventually trade will be necessary. So money will be necessary.

And no, I don't think the power trunk lines will survive. So the money won't be bitcoin.

 

[pimples]

So, the metals are either: manipulated and the powers that be are keeping prices suppressed or, the money in the system is evaporating faster than the qe/stimulus/printing can replace it.(deflation of money supply) . Either way, gold is good insurance.

 

[789]

Why Oct. 29???

Because three months from now it will be about October 29. (according to predictor, we will all be hungry by then)

 

[789]

Famine coming in three months.

It is now "in three months," November 1; there is no sign of famine ---people are still spending more money on dog-food than on cat-food. People are still throwing store-bought food in the garbage ?

There is no hunger in a country where 70,000 million is spent on dog-food.

 

[Buck]

There is no hunger in a country where 70,000 million is spent on dog-food.

does that statement come with a hat rack?


asking for my hat...

 

[Casey Jones]

It is now "in three months," November 1; there is no sign of famine ---people are still spending more money on dog-food than on cat-food. People are still throwing store-bought food in the garbage ?

There is no hunger in a country where 70,000 million is spent on dog-food.

Maybe you haven't noticed the shortages of beef and chicken and various produce items, in stores now.

So far it's just spot shortages.

I'd say this is the opening act.

It remains to be seen; but what's not at all in question is, we got troubles.

 

[southfork]

Paper goods shortages in fl again

 

[southfork]

It is now "in three months," November 1; there is no sign of famine ---people are still spending more money on dog-food than on cat-food. People are still throwing store-bought food in the garbage ?

There is no hunger in a country where 70,000 million is spent on dog-food.

Id eat dog food if hungry ate a bowl on a bet when i was in the service

 

[southfork]

Whats the new 3x etf on silver ?

 

[Casey Jones]

Id eat dog food if hungry ate a bowl on a bet when i was in the service

The only real problem is, dog food is held to a lower level of cleanliness and wholesomeness.

There might be rancid meat used in processing. Plants won't be kept as clean, or sanitary procedures as stringent.

And, surely, the taste is gonna be nasty, with much of it. Because, of course, dogs are...animals. They eat feces. They eat rotting carrion. Their immune systems are far hardier than ours.

But...if that's the food we have available...it is what it is.

 

[mnmom]

Gold and silver have their place in a shtf scenario. They give you a fresh start on the other side of collapse. Shtf won't last forever. Beans and bullets keep you going until the bullion becomes worth something. You've gotta stack it all to make it through.

 

[the_shootist]

To the MOON!

 

[savvydon]

To the MOON!

View attachment 231714View attachment 231715

Getting tough to keep the lid on, eh?

 

[the_shootist]

Getting tough to keep the lid on, eh?

Some people made a quick killing and now the spot price is floating back down, preparing for the next killing....just like clockwork

 

[savvydon]

Some people made a quick killing and now the spot price is floating back down, preparing for the next killing....just like clockwork

It is healthy for the market to move in fits and starts. It helps digest the strong moves and get things ready for the next one. This move was a strong one that crossed some important moving averages, and will likely get traders' attention. Nothing wrong with some short term consolidation. This is in response to the outsized CPI number. People are starting to understand that the emperor isn't wearing any clothes.

Also, if you listen to Craig Hemke over at TF metals, he thinks Brainard is about to become the next Fed chair. She is thought of as solidly dovish. He thinks that this is part of what is starting to move the institutional money over toward PMs.

 

[the_shootist]

well, spot prices seem to be settling down nicely over the course of the day. I wouldn't be surprised if we end the day close to even or even in the negative

The manipulation is epic

 

[southfork]

Yah so much for the euphoria

 

[savvydon]

Part of this is that the dollar is going bonkers to the upside at the moment. Blunting any move in the metals. Just another tricky day...

 

[southfork]

Part of this is that the dollar is going bonkers to the upside at the moment. Blunting any move in the metals. Just another tricky day...

When do you just so many reasons for that dollar to go up isn't there what a joke

 

[Unca Walt]

Some people made a quick killing and now the spot price is floating back down, preparing for the next killing....just like clockwork

I hope you are right.

What the others here haven't noticed (at least as far as I read) is that if the price of gold divides by zero or thereabouts... IT IS OVER.

IOW: Let the train keep chuggin', throwing wheels here and there... but chugging along. Gold is our fallback. Screw that "to da moon" scenario.

 

[southfork]

?? Up again wtf. Was going yo pre order a few eagle tubes the other day, now not so much