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Old 08-19-2011, 10:31   #941
G29Reload
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Quote:
Originally Posted by Grayson View Post
...anyone by chance listen to NPR this afternoon?

".I dunno if he was mocking gold bugs so much as he was genuinely confused as to why gold has value at all."
You mean NFR? Nationally Funded Radio?

I spend as little time as possible taking in government propaganda.

He? Was this the Minister of Propaganda? PAY NO ATTENTION TO THAT MAN BEHIND THE CURTAIN!

Hey...who typed that last sentence? Somethings wrong with my computer!

Last edited by G29Reload; 08-19-2011 at 10:34..
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Old 08-19-2011, 15:05   #942
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Survival/Preparedness Forum

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Old 08-21-2011, 19:17   #943
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Gold and silver are up tonight. Wonder if the stock market is going to continue to crap tomorrow/this week. Some really good stocks are really getting oversold.
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Old 08-22-2011, 07:57   #944
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It seems Chavez may throw a wrench in the "paper gold" game.

http://www.ibtimes.com/articles/1996...ke-up-call.htm
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Old 08-22-2011, 12:20   #945
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I really don't understand how ETFs that don't have actual commodities backing them up aren't completely illegal.
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Old 08-22-2011, 13:49   #946
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I really don't understand how ETFs that don't have actual commodities backing them up aren't completely illegal.
I have always thought the same thing, paying in dollars is not the same as paying in PM's.
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Old 08-22-2011, 14:39   #947
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I really don't understand how ETFs that don't have actual commodities backing them up aren't completely illegal.
Lobbyist.

That's how.

Finreg has nothing to do with protecting the public.
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Old 08-22-2011, 15:02   #948
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Gold $1900oz......



Bubble
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Old 08-22-2011, 16:13   #949
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Gold $1900oz......



Bubble
$100 to go and I win my bet with my stock broker.
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Old 08-22-2011, 16:22   #950
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Gold $1900oz......



Bubble
$2k may be a tough ceiling to get through. Kind of like how $50 is for silver. OTOH, people were saying $1500 gold was ridiculuous just a few months ago.

At some point here I'm going to consider selling some and try to play a correction. But dang if I can see a correction coming yet. It's just up up up.
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Old 08-22-2011, 16:49   #951
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$2k may be a tough ceiling to get through. Kind of like how $50 is for silver. OTOH, people were saying $1500 gold was ridiculuous just a few months ago.

At some point here I'm going to consider selling some and try to play a correction. But dang if I can see a correction coming yet. It's just up up up.
Ben Bernanke is scheduled to speak soon, next week or so, I think. The reaction to whatever dribbles out of his piehole, whether or not he's gonna QE3 will be telling. Pay attention to that.

No matter what, there is NOTHING that suggests downward pressure on metals. Nothing is in the works, planned or anticipated that say things are going to get better. We have a dogmatically driven imbecile in the White House who does not know anything but MArxist or Marxist friendly theology and you should not pretend that anything common sense is going to be applied. What ever does transpire will more likely be so counter intuitive as to resemble mental illness and non-sequitor.
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Old 08-22-2011, 19:45   #952
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No matter what, there is NOTHING that suggests downward pressure on metals. Nothing is in the works, planned or anticipated that say things are going to get better.
This cannot be overstated.
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Old 08-22-2011, 19:52   #953
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It's amazing the 1/2 oz Gold Eagle I bought just recently is already +$100, or more, in value. I'm keeping it a long time, hopefully, so it doesn't really matter and I wish I could say it was nice, but it really isn't considering the why. Oh well.
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Old 08-22-2011, 19:53   #954
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G29,

That was well and clearly stated. I also agree with CF it can't be overstated.


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Old 08-24-2011, 10:46   #955
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Buying oppurtunity today! Wish I had some dollars to convert to silver. I really want a 100oz bar.
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Old 08-24-2011, 10:54   #956
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Originally Posted by G29Reload View Post

No matter what, there is NOTHING that suggests downward pressure on metals. Nothing is in the works, planned or anticipated that say things are going to get better.


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Originally Posted by certifiedfunds View Post
This cannot be overstated.
So what happened? Gold is right now $1765 and silver is $39.xx
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Old 08-24-2011, 11:39   #957
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So what happened? Gold is right now $1765 and silver is $39.xx
Not saying that this is "the" answer, but imo it's an answer worth considering...


From: http://beforeitsnews.com/story/2/526...ng_Stocks.html
Quote:
Whitney summarizes another of Biderman's arguments:

"We cannot identify the source of the new money that pushed stock prices up so far so fast. For the most part, the money did not from the traditional players that provided money in the past."

Huh? So, this vast infusion of liquidity--which helped the banks to avoid painful deleveraging--did not come from the usual suspects?
That's right. According to Biderman, the money did not come from (a) companies ("which were a huge net seller") (b) retail investor funds, (c) retail investors, (d) foreign investors ..., (e) pension funds [or (f) hedge funds].

From:http://www.zerohedge.com/contributed...-stop-collapse
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Now that the market has rolled over and erased most of the gains from last week, I can’t help but wonder just why the market rallied at all. True, it was oversold… but the FOMC announcement wasn’t exactly bullish (Seriously… ZIRP for another year was reason for an 8% rally in four days?).



I found it interesting that the New York Post published a story containing the following quote just 3 hours before the post-FOMC market ramp job started.



Back in October 1989, a guy named Robert Heller, who had just quit his post as a Fed governor, suggested that the government should purchase stock index futures contracts to calm the markets in times of distress.



"The Fed could support the stock market directly by buying market averages in the futures market, thus stabilizing the market as a whole," Heller wrote in an op-ed piece in The Wall Street Journal after saying the same thing in a little-noticed speech. "The stock market is certainly not too big for the Fed to handle."…



This is a rather odd turn of events… a former Fed official urges the Fed to step in and buy the stock market… just three hours before the markets mysteriously reverses and rallies hard on no real news of note.



This begs the question… did the Fed buy the market to put a floor under the collapse? There’s no telling for sure. But it’s rather odd that this article came out just three hours before the market magically reversed and exploded higher



If the Fed did actively buy the stock market to try and put a floor under it, we can assume three things:



1) The Fed is becoming truly desperate

2) The Fed realizes QE isn’t helping

3) QE 3, if it arrives, will be coming later down the line



If the Fed did in fact buy the market two weeks ago, then the Fed is getting extremely desperate. We know the Fed has been supplying juice to key Wall Steet firms who then bought the market, but never before has it been so obvious that the Fed itself may have been buying the market.


A lot of "ifs", and I make no claim to know the reality of it, but it seems one of the more logical explanations.
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Old 08-24-2011, 11:47   #958
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That first part about money coming from an undetermined source...how does that happen?

Can money anonymously be pumped into the market as a good faith/altruistic gesture or what??

Thanks

-Emt1581
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Old 08-24-2011, 13:16   #959
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So what happened? Gold is right now $1765 and silver is $39.xx
HOLY CRAP...IT'S FALLEN TO PRICES NOT SEEN IN.....IN/.......A WEEK OR TWO!?
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Old 08-24-2011, 13:42   #960
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HOLY CRAP...IT'S FALLEN TO PRICES NOT SEEN IN.....IN/.......A WEEK OR TWO!?
Keep dropping baby, I wanna buy more!
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