tag:blogger.com,1999:blog-7982981413278241287.post2029446980045329715..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Gold (and silver) Is Getting Ready For Big MoveDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-7982981413278241287.post-51521768930304722132013-02-06T00:12:44.699-07:002013-02-06T00:12:44.699-07:00It appears silver may be capped at $32.50 as the c...It appears silver may be capped at $32.50 as the cartel has set up a firm cap in gold at $1700, smashing the metal down upon any threats to penetrate the critical level.<br /><br /><a href="http://www.goldandsilveronline.com/" rel="nofollow"><b>Buy silver coins online</b></a>Anonymoushttps://www.blogger.com/profile/11155793077493295556noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-19128130746349356432012-08-23T08:22:54.792-06:002012-08-23T08:22:54.792-06:00I only wish I had a better choice.... much of my n...I only wish I had a better choice.... much of my net worth is tied up in a Fortune 500 Corp. 401K, and the only vehicle that I have available to invest in that is not a stock or bond fund is PCRIX... and I am in fact using it now. The only way I can free the money to put (more) into physical would be to quit my excellent job... a conundrum of very high order.... 1Kg Lunar Dragon. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-1671340486608614502012-08-23T07:59:15.173-06:002012-08-23T07:59:15.173-06:00And now that Gold is above 1650 and 30 for Silver ...And now that Gold is above 1650 and 30 for Silver what about miners. Well I guess you would tell me they have come up from GDX 39.08. Same rubbish as 2008 come up from 18 or so.<br /><br />I am so sick of that shit - miners can't even make it above the June or so high....<br /><br /><br />The reward isn't worth the risk - if it isn't<br /><br />the Shorter and the criminal brokers - then it's<br />Management - then it's<br />Governments - then it's<br />Workers - then it's<br />Energy and OIL - <br /><br />It's South Africa, Mexico, South America - even Australia - they were the ones who started to talk about the resource tax etc.<br /><br />And the other thing is - these issues are relevant to other commodities too but the worst effected always are the Gold and Silver miners.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-12742872932757799952012-08-23T05:47:02.742-06:002012-08-23T05:47:02.742-06:00Dude, I don't know where you shop but here in ...Dude, I don't know where you shop but here in Canada despite our dollar strengthening relative to the US$ we are still experiencing double digit inflation in food costs BEFORE the results of this year's harvest.<br /><br />Justin from CanadaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-22440749209030552882012-08-22T23:16:29.591-06:002012-08-22T23:16:29.591-06:00I hope I can see a more visible graph that states ...I hope I can see a more visible graph that states this grain composition, I just want to learn more its percentage in composing it with <a href="http://www.asiapacificgoldmining.com/how-gold-is-used/" rel="nofollow">price of gold</a> also if posibble...Anonymoushttps://www.blogger.com/profile/06199523526815136924noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-13225617161364443012012-08-22T20:37:08.063-06:002012-08-22T20:37:08.063-06:00Yes, and I wonder if Gross knows what he's doi...Yes, and I wonder if Gross knows what he's doing in this regard. One thing he could do is approach Sprott and have them issue him a private placement with the same terms as the public trust securities and he could have true physical gold ownership with Sprott as the intermediary in terms of managing the physical side of the trade.<br /><br />For sure, Pimpco can't truly represent that it is invested in gold unless it owns physical.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-22613855192571317672012-08-22T19:51:07.665-06:002012-08-22T19:51:07.665-06:00Dave - Excellent post as usual. Regarding Dan Norc...Dave - Excellent post as usual. Regarding Dan Norcini, he posted an article today - Pimco Buying Gold. One of Pimco's funds carries approximately $2.3 billion in gold futures contracts. I know that their participation on the long side in the paper gold market has a positive effect on the gold price, but what if they took some percentage of that total and secured physical gold or took a substantial position in one of the legitimate gold etf's (Sprott or Central Fund of Canada). <br /><br />I know Kyle Bass insisted that The University of Texas take physical gold as one of their investments in their endowment fund. He felt that he had a fiduciary responsibility to his client and that the only one way that he felt comfortable was to go with the physical. Isn't Pimco and Bill Gross running a big risk by going the futures route with their plunge into gold?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-22399700902111363152012-08-22T18:40:00.333-06:002012-08-22T18:40:00.333-06:00Since we've been counting on widespread big in...Since we've been counting on widespread big institutional and retail participation, when those two investing constituencies get involved, the coming move higher in gold is inevitable. there, fixed it for ya.<br />yardfarmerhttps://www.blogger.com/profile/04808517700285973637noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-53096801895311482302012-08-22T18:31:18.718-06:002012-08-22T18:31:18.718-06:00Gold & Silver off to the races
by Egon von Gr...Gold & Silver off to the races<br /><br />by Egon von Greyerz – 22 August,2012<br /><br />Last week was the 41st anniversary of one of the most disastrous days in world history. The 15th of August 1971 was a fatal day for the world economy and is likely to lead to more human misery than any world war. This was the day when Nixon closed the gold window which led to governments worldwide creating endless amounts of worthless paper money.<br />The resulting credit bubble has created a world debt exposure of over US$ 1 quadrillion (including derivatives). It has also created perceived wealth for big parts of the world‘s population – a wealth which is only backed by promises to pay and by grossly inflated assets. Few people realise that this wealth is totally illusory and will implode considerably faster than the time it took to create it.<br /><br /><br /><br />http://goldswitzerland.com/gold-silver-off-to-the-races/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-51796505557763905222012-08-22T14:40:37.920-06:002012-08-22T14:40:37.920-06:00"One thing is certain - we, the consumer, are..."One thing is certain - we, the consumer, are going to be reeling at the grocery store very soon."<br /><br />not really, atleast not in the US. You're looking at a 1-2% rise at most in the immediate term, which is due to the worst US drought in a quarter century. Not money printing or the fed or any other nonsense. And oil is just about in the same boat. Middle East drama is heating up and oil has spiked. Both of these price increases are event driven and for the most part wouldn't be supportive of a rally in PM's. <br /><br />“Obviously, Eric, we would not see these chart patterns breaking out the way they are unless large, well-financed, and well-connected entities were positioning themselves ahead of what they see coming down the road.”<br /><br />sounds like complete speculation to me. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-7981948808168159432012-08-22T13:45:19.252-06:002012-08-22T13:45:19.252-06:00Plus a little problem in the Persian gulf.....Plus a little problem in the Persian gulf.....Anonymousnoreply@blogger.com