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Metals Down! [sale]

pitw

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pitw

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Another $2.3 billion in paper gold dumped on market to supress price.
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.
 

GOLD DUCK

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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.
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

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Do you think that the system will implode?

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

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The stores of physical metal to satisfy the real market are not infinite.

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.
 

GOLD DUCK

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Do you think that the system will implode?
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:
 

pitw

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The stores of physical metal to satisfy the real market are not infinite.
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.
 

nickndfl

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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.
 

Ahillock

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Some fat finger at JPM hit the buy instead of sell button. Things will be corrected shortly.
 

REO 54

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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
 

Ahillock

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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?
 

Krag

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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.
 

luckabuck

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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!

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?
 

gringott

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Pretty funny in a way. World self-destructing and PMs tanking.

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

Ahillock

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Must. Smash. Prices. Down.


[video=youtube_share;moiUyFQQE-0]http://youtu.be/moiUyFQQE-0[/video]
 

REO 54

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Droppin' like pants of a stripper! That's if our ticker was showing. Wtf? Were us it
 

REO 54

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Pffffft! Why not? Cartoon markets right?
 

REO 54

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MOAR! Good weekend to go shopping for metals!
 

SAGI

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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
 

southfork

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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.
 

smooth

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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.
Are you saying things are looking better with the economy?
 

Vlad The Impaler

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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.
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?
 

hoarder

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Silver Buck

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The supply of paper silver has no limits.
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.
 

hoarder

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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.