I have found this website to be a very useful source of information on the economy, gold, and silver.
http://goldismoney.info/forums/
Exactly, Soros.
He even broadcasted his plan. He will buy again when the price has sufficiently fallen. Then he will allow it to go up again and sell, and repeat.
I’m up 6 Kg of Silver I could never have brought otherwise.
Thank you JP Morgan!
This is not 2008. Prices have not overshot as much, the banks (and Lehman) are not teetering, the threat of deflation is minimal. OTOH I would not expect a resumption of the commodity bull market for many months since it has lost momentum and will have to consolidate. I think there will be a few months of thrashing before a resumption in the commodity bubble.
Down big time, silver is selling for less then 34 this AM. Wonder how low it can go?
Possible deflationary trigger crash??????
Soros et al selling paper metals at record highs ——>driving the physical metal price down and-—> using the profits to buy physical metals later; thereby, cornering the metals market. I’m not selling my physical metals. No way.
Interestingly enough last week on a little heard newcast they said that Georgie Porgie Soros was selling off his gold.
There is a corollary to my tag line......... inflation is a process not a single day’s curve
When reading entrails, run the whole bowel
As for copper, the decline in price is probably a good indicator of the strength of the economy and may point to a double dip recession.
Maybe this will finally get me the second chance with FCX I’ve been waiting for.
Looks like I’m the only one thinking all of this is a set-up for a significant revaluation of the Chinese Yuan.
Notice what’s happening is that commodities (dollar denominated) have been dropping fast - while the dollar is going up. As if the commodities are being divested in dollar terms. This would transfer the assets from commodities, initially to the dollar they are sold in.
Watch for the dollar to begin dropping next. As all those dollars are moved into Yuan.
Next week when America is pressing China about trade, China will finally agree to revalue - since the alternative is tariffs. Tariffs would be money for America, while revaluing the Yuan does not mean money for America. China will revalue. Making all those Yuan immediately worth much more.
Note at that point, the new more powerful Yuan will be redeployed - right back into all those assets which are being sold off - and you’ll see an asset bull run like never before.
Final value of all the (currently falling) assets, will be significantly higher than before the current drop - by the proportion of the revaluation.
If the Yuan value doubles - asset prices will double.
That’s my conspiracy theory.
Silver might find some support at $31.
In the same fashion as silver kept going up and up until there were no more buyers, silver will soon stop going down and down becuase there are no more sellers.
It has been a vicious correction. $49.50 to $33.50 in 5 days.
They've probably been begging Barry to do Osama in ever since he took office. I have no doubt that if people have been watching that house for years someone leaked it to the Saudis. They wouldn't care to be as careful as we might be, they'd want us to demolish the place just on the chance Osama was there.
While at one time they said just ignore him since he was ill and couldn't live all that long anyway, since mid-2007 they've had an increasing number of problems in the Kingdom and it can be tracked right back to Osama. At one point they figured Barry for a friend, but found out that in spite of his bending over and offering their King a BJ when they met, he is really only a friend to himself.
JMHO based on what some friends who have been working over there have said.
For later.
The drop in oil I expected, but I am ignorant of why silver dived.
Hunt Brothers II..............