Posted on 09/07/2012 11:06:18 AM PDT by GeorgeWashingtonsGhost
Looks like the lousy jobs report coupled with Obama's 'Jimmy Carter' speech has caused precious metal values to spike strongly today:
Gold is up $37/oz = $1740.00
Silver is up .96/oz = $33.77
Platinum & Palladium are also up $10/oz
I have found this website to be a very useful source of information on the economy, gold, and silver.
http://goldismoney.info/forums/
Plus Canada closed their embassy in Tehran and brought all their people home (an almost sure-fire tipoff that Israeli bombs will start falling soon)
I wonder what will happen to PM’s if/when Israel/Iran go to war? I know oil will skyrocket but what about PM’s?
Silver is up (roughly) 10% in a week
Gold too.
The money printers must be printing.
Increasing uncertainty about November’s outcome?
Bernanke is firing up the printing press.
Over the last few years, more or less, the price of oil has not changed in terms of gold and silver, just in fiat money.
And by more or less, I mean sure their are fluctuations but generally they’ve moved together.
They might want to keep Obama, so they’ll try to prop things up on a sea of cheap money, if so, then the hang over could be so bad that after his reelection not another Democrat gets elected for 100 years...
And the Euro ascends against the dollar pretty rapidly, too. And the BDI is hitting new lows. It’s where it was at the bottom in ‘08 and has been trending lower for 2 years. This recovery seems to be looking a bit puny of late.
They’ll probably go up as well.
Printing money, or at least the liklihood of that, will do it every time.
Goldbug ping
BFL
bookmark
gov invesigators comming for jp morgan on monday....some manipulation of silver will end this week...time to load....
depending on gold pricing...silver historically silver ran 15 to one with gold for thousands of yrs...should be about 120 right now .....I thing a big gold run is comming and silver will look funny at 100 when gold is 3k.
gltua
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