Both gold and silver are getting smoked today, down about 1.5%. You can ponder all you like as to the reason behind the drop. Look no further than the power of fiat currency, backed by the full faith and credit of the US military apparatus.
While you misfits “invest” in bitcoins, the market trends higher daily, taking out gold bugs and curb stomping them until their jaws break off their faces.
I strongly advise you to avoid buying the dips in precious metals. The central banks have complete control of the markets now and have brought “stability” to the commodity markets too. They want it all, higher asset prices without the side effects of inflation. You’d think when a central bank creates new currency out of thin air, it would give life to inflation, most readily seen through commodities. Well, that might happen one day down the road. But for now, commodities are contained and alternative forms of currency are–essentially– in the fag box.
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Or maybe–just maybe–asset prices won’t be higher for much longer.
We can only go by what we see in front of our faces. Everything else should be left for the ball jugglers.
I see a pullback from a brush with 1500 after a monster bounce off oversold lows.
IOW, “expected.”
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Regardless, dips will be bought, as the market has nothing left that is undervalued based on fundamentals. Everything is a short term trade now.
Why don’t you cross out that word and write “irregardless?” It would pair well with the rest of that sentence.
Just as soon as I see that, “edit” button show up on IBankCoin. You could always give posters a limited time, like 10 minutes to edit, like other websites, in case someone brought their “B+” game instead of their “A” game, LOL.
The edit button is strictly prohibited in these halls.
When you were in school, taking exams, did the teacher allow you to change the answers after the exam was handed in?
I’ve always supported the no edit button policy, even though I am nailed by it sometimes. One take, all the way through, in the Sinatra style…
where are the classrom provided #2 pencils? shitty smearing eraser included
“Quick, smear the paper with orange red goo, I didn’t properly capitalize”, said lol frantically as he picked up his #2 and erased the paper until their were holes in it.
there
A stunning collapse, where is the bottom?
Long US military might, $LMT.
The bottom will be reached when John Paulson gives up.
Bingo. That’s when Soros moves in again with John Roque to bottom tick perfectly.
And when Peter Schiff can’t get a gig outside of 2:00 am infomercials.
lol
Just received my class action lawsuit papers for LMT since I used to own it back in 2009. Should’ve been buying chiscams back then instead of investing in the US military might.
or when JakeGint gives up.
Unconfirmed rumor that after a bad day at the office, Jake opens his secret liquor cabinet and presses the little red button to buy “DUST”.
No worries, Jakegint is a longer term holder than King Tutankhaman.
Born in Arizona.
Moved to Babelonia.
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EXK = 4…
And AAPL back to 400
AAPL 287
It will be a buying opportunity sooner or later. If the banks are truly healing, then credit expansion is just around the corner.
Exactly. Can’t have it both ways: either Fed has failed and we get deflation or massive inflation vis a vis 3-4% growth the stock market keeps signaling.
Or you could get a goldilock scenario where we have modest growth and low inflation.
Everybody wins except precious metals and unskilled labor.
Yes, and the laws of gravity might also be similarly repealed.
You can stop working on that jetpack now, Bullish!
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It’s possible, but full employment is the biggest goal of the fed right now. You’re not going to hit that without serious restructuring of demand – no more of this 6 (going on 7) year decline in gasoline consumption.
So if the fed fixes employment, I’m guessing they also need to restructure debt. You set that out of the box, and prices are going to ramp. That, or we’re not actually in a recovery.
Over the long term (I can define that only as “not the short term”), simple mathematics dictates that an end to the current investing and economic environment is guaranteed.
Ben has done a fantastic job keeping the balls in the air and fooling the masses but we are on an unsustainable course.
There will be a breaking point but it might be a controlled demolition rather than an unforeseen explosion.
With the Fed propping up equities for the past few years, many are assuming that since they can continue doing this for a long time, they will. No one really knows what the master plan is and if at some point, the Fed decides to pull the punch bowl for whatever reason, markets will collapse instantaneously.
I’m not saying that they will do that but since this market is controlled by a few, all it takes is a change in thinking on their part.
Longs are betting that they don’t change their strategy on a dime and they might be correct for a very long time but on the other hand there is always that risk.
sold out of gld, slv yesterday as n koreans moved there missles back to the garage. it was a smaal pos for me.
HTCH. More insider buying.
Regarding inflation … stopped at a Carvels last night during a late night trip … bought a large brown bonnet … cost $6.70 … last time I had one was about 5 years ago .. cost about $2.20 then
too bad I didn’t invest in brown bonnet futures a while back
No worries, there’s no inflation.
Really.
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No, there isn’t. Fed has failed.
Eating healthy on a budget.. we’re getting thin ovah’ here…
Don’t go full-Jakegint
The Illuminati are making it cheaper for them to buy up all of the physical they can
It will be the only game in town when the paper markets crumble.
Know it
FYI — Silver is down less than gold as of this typage.
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I’m guessing that whoever controls the Tea Party funds invested it all in gold & silver.
As a result, regrettably, there will be no costume parties this year. All future events with men in silly 1776 hats will postponed until further notice.
A-game, dumbass.
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You know, Inflation can be also caused by a failed economic policy causing a fear of the actual countries currency..On Clam Watch we have both India and Russia at the point their Inflation is stopping them from playing the race to the bottom.
For Gold, It is a China Story imho…its first big drop in April was over China data…Chinese just can’t be the gold bugs anymore.
Today’s move is meant to shake puny players. As long as DX stays below the 25 d sma, PMs are a BTFD trade
Solar is also is the silver fag box.
A gay ‘ol time today.
The time to start buying Gold is when the Clam starts buying gold.
What do you think he’s doing right now?
Need to deliver to Germany by date certain.
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