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Old 06-27-2011, 17:51   #841
JKDGabe
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Originally Posted by emt1581 View Post
It seems the only places QE3 is being mentioned is from those speculating. No one in any official capacity.

As far as that massive withdrawals of physical silver...sure aren't any signs of that being seen in the Silver market. Down another point today. And at the same time, what is actually improving economically/financially to explain this downward trend?...

-Emt1581
It's not about any improvement, it's about the fact that Bernanke didn't mention a QE3. Traders inferred that the money supply will be shrinking, thus the drop in prices. Of course, only fools believe that our government has decided to apply some tough love, financially speaking.
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Old 06-27-2011, 18:29   #842
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I can't see gold and silver falling much more than another 5% or so. This may be the last great buying oppurtunity for awhile. A lot depends on what happens with the debt ceiling in the next month. I guess. I dunno. My head hurts.

Last edited by cowboy1964; 06-27-2011 at 18:30..
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Old 06-28-2011, 17:44   #843
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Originally Posted by emt1581 View Post
It seems the only places QE3 is being mentioned is from those speculating. No one in any official capacity.
More like QE 2.5

Fed set to buy $300B more Treasuries

http://money.cnn.com/2011/06/28/news...rve_purchases/
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Old 06-28-2011, 18:25   #844
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Originally Posted by blown03' View Post
More like QE 2.5

Fed set to buy $300B more Treasuries

http://money.cnn.com/2011/06/28/news...rve_purchases/
...and yet Silver has barely budged.

I still think the wake-up call that reality does not fully control the price of Silver/PM's is holding most back from jumping into the PM pool.

-Emt1581
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Old 06-28-2011, 18:56   #845
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Commodities in general are down, thus dragging gold/silver with them.

If I had more disposable funds right now I would be loading up on gold.
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Old 06-29-2011, 17:05   #846
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Nothing is improving. Govt controls any and all numbers and markets. In addition, today and probably tomorrow we are seeing options expiration which typically push down prices.

Watch prices rise by Friday (maybe).

SC
I'm not sure what Obama said today about addressing the issue of debt but either that, or your "maybe" was enough to drive the price up a point today. Let's hope it continues...

-Emt1581
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Old 06-29-2011, 19:13   #847
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Oil is up so gold and silver are too.

I don't know WHY oil is up but it is.

We need to cut trillions in deficit spending and Obama spurs on class warfare talking about things that amount to pennies on the dollar like corporate jets. When are people going to have enough of this utter bullcrap?
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Old 07-03-2011, 18:13   #848
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Price doesn't matter any longer. Quit bothering with it. # of ounces is all that matters.

QEIII is a certainty. As is QE XXIII
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Old 07-03-2011, 19:33   #849
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Price doesn't matter any longer. Quit bothering with it. # of ounces is all that matters.

QEIII is a certainty. As is QE XXIII
On the money CF. The emperor is not wearing any clothes and as soon as the right person/country says it and acts on it we are in the... well we're going to be living in different times. Buy gold.
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Old 07-04-2011, 22:11   #850
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Price doesn't matter any longer. Quit bothering with it. # of ounces is all that matters.

QEIII is a certainty. As is QE XXIII
When fiat fails, # of ounces is what WILL matter.

Playing devil's advocate here... time is what seems to be the undetermined variable here. Otherwise the value wouldn't be tip-toeing around like it has been. Instead we'd still be on the same track and seeing the pattern of 2 point rises every week or two....margins be damned. But we're not...

-Emt1581
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Old 07-05-2011, 06:32   #851
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Originally Posted by emt1581 View Post
When fiat fails, # of ounces is what WILL matter.

Playing devil's advocate here... time is what seems to be the undetermined variable here. Otherwise the value wouldn't be tip-toeing around like it has been. Instead we'd still be on the same track and seeing the pattern of 2 point rises every week or two....margins be damned. But we're not...

-Emt1581
We are really close on time it just takes an event. Here is one for you:
Quote:
The Chinese announce that they have traded all of their U.S. debt obligations around the middle east over the last 3 years for oil which they are holding in reserve. They claim to have national oil reserves of 20 billion barrells.

In addition the Chinese announced that from today forward all contracts with the PRC will be settled in yuan which has risen from 15 cents to 25 cents overnight.
There are a ton of scenarios that could take us down right now... we are in a position of weakness which sucks.
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Old 07-05-2011, 06:47   #852
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If you think there are 'tells' that will let you know when / if the market is about to crumble, you've not paid attention - if there were, everyone with half a brain would follow them and cash in / cash out at near opportune times.

IOW, you have to look at the big picture and decide for yourself what's important.

The reality is our economy is very close to crumbling. Just as the DOW is no longer a measure of the strength of our economy but rather essentially a casino, PM's are similar.

That said, if / when the bottom falls out, unless you are lucky, the DOW will burn you.

EMT - you seem to be looking constantly for some sort of confirmation - I'll tell you right now you will find nothing. If it were out there, everyone who pays attention would be following those tells. If you don't believe PMs are a good way to protect your wealth, then by all means find something else. I suspect you expect(ed) things to happen more rapidly, but historically, that's not the case, especially with large economies...
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Last edited by crimsonaudio; 07-05-2011 at 06:47..
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Old 07-05-2011, 11:00   #853
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By mid-July things will start to go off the rails if the debt ceiling deal isn't done. The credit rating agencies have already said that if nothing is done by then they will cut the rating. Also it was announced that the real deadline is around July 22 to actually get a deal done so that there will be time to review and vote on it before Aug 2. And today Rand Paul says he going to filibuster if a balanced budget Constitutional Amendment is not attached.

This could be a complete meltdown but I predict the Repubs will cave and get a short-term increase in the debt ceiling in exchange for small cuts. IOW, just keep kicking the can down the road. The problem will just be larger next time and what, they are expecting everyone to grow a spine by then? Why is next time going to be different? The one thing is, it will be close to the election. Which means they'll probably be even LESS likely to get anything done.

And Greece could start the collapse rolling at any time, regardless of what's going on here. A Greek default will affect everyone because of the banking crisis it will cause.

Last edited by cowboy1964; 07-05-2011 at 11:05..
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Old 07-05-2011, 12:08   #854
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Originally Posted by cowboy1964 View Post
By mid-July things will start to go off the rails if the debt ceiling deal isn't done. The credit rating agencies have already said that if nothing is done by then they will cut the rating. Also it was announced that the real deadline is around July 22 to actually get a deal done so that there will be time to review and vote on it before Aug 2. And today Rand Paul says he going to filibuster if a balanced budget Constitutional Amendment is not attached.

This could be a complete meltdown but I predict the Repubs will cave and get a short-term increase in the debt ceiling in exchange for small cuts. IOW, just keep kicking the can down the road. The problem will just be larger next time and what, they are expecting everyone to grow a spine by then? Why is next time going to be different? The one thing is, it will be close to the election. Which means they'll probably be even LESS likely to get anything done.

And Greece could start the collapse rolling at any time, regardless of what's going on here. A Greek default will affect everyone because of the banking crisis it will cause.
The only thing that could protect our credibility with the world would be a balanced budget ammendment. Don't hold your breath.
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Old 07-05-2011, 13:59   #855
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It's gone beyond that.The world has sat and watched for 2yrs ta see if we've made any course corrections.Our credit is pretty much dead.'08.
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Old 07-05-2011, 19:34   #856
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Originally Posted by UneasyRider View Post
The only thing that could protect our credibility with the world would be a balanced budget ammendment. Don't hold your breath.
Its a red herring
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Old 07-05-2011, 19:36   #857
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Originally Posted by cowboy1964 View Post
By mid-July things will start to go off the rails if the debt ceiling deal isn't done. The credit rating agencies have already said that if nothing is done by then they will cut the rating. Also it was announced that the real deadline is around July 22 to actually get a deal done so that there will be time to review and vote on it before Aug 2. And today Rand Paul says he going to filibuster if a balanced budget Constitutional Amendment is not attached.

This could be a complete meltdown but I predict the Repubs will cave and get a short-term increase in the debt ceiling in exchange for small cuts. IOW, just keep kicking the can down the road. The problem will just be larger next time and what, they are expecting everyone to grow a spine by then? Why is next time going to be different? The one thing is, it will be close to the election. Which means they'll probably be even LESS likely to get anything done.

And Greece could start the collapse rolling at any time, regardless of what's going on here. A Greek default will affect everyone because of the banking crisis it will cause.
Fixing the problem is political suicide. Our only hope is to grow out of the situation. I don't see the will to make the necessary changes for that possible either.
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Old 07-05-2011, 20:19   #858
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Fixing the problem is political suicide. Our only hope is to grow out of the situation. I don't see the will to make the necessary changes for that possible either.
Our economy is shrinking not growing so I don't see that happening either. All I see is the SHTF and then we will deal with real goods traded for real goods when we want something that is not made in the USA. Should be interesting.
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Old 07-06-2011, 16:40   #859
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This maybe a game changer.

This morning London whistleblower Andrew Maguire told King World News that the launch of the new gold and silver exchange in China will destroy the remaining gold and silver shorts. Maguire stated, “The launch of this new gold and silver exchange has flown under the radar, but certainly has my attention. I firmly believe we are marking a pivotal point that will in very short order affect current precious metals price discovery dynamics. We now have an additional factor to be vended into the supply demand equation. This factor will ultimately destroy the remaining short positions in both gold and silver.”

More at link.

http://kingworldnews.com/kingworldne...er_Shorts.html
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Old 07-06-2011, 17:30   #860
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This maybe a game changer.

This morning London whistleblower Andrew Maguire told King World News that the launch of the new gold and silver exchange in China will destroy the remaining gold and silver shorts. Maguire stated, “The launch of this new gold and silver exchange has flown under the radar, but certainly has my attention. I firmly believe we are marking a pivotal point that will in very short order affect current precious metals price discovery dynamics. We now have an additional factor to be vended into the supply demand equation. This factor will ultimately destroy the remaining short positions in both gold and silver.”
I'm not sure what to make of all that but it's interesting.

I did hear recently that if China were to procure enough gold just to bring their reserves in line with most other countries it would consume something like all of the world's gold production for the next two years!
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