The Moment of Truth
If you're about my age, you probably can't read that title without thinking of this song. By the way, Elizabeth Shue sure was freaking HOT back then.
Well, anyway, we've reached our own Moment of Truth. It's all on the line. This is the place. This is the time. Tonight, gold rests squarely upon the trendline from the lows of three years ago, back during The Great Financial Crisis. Back then, Dennis Gartman couldn't even spell "quantitative easing", much less define it. Back then, the great con artist Bobby P was trying to convince all of his clueless subscribers that gold was immediately headed to $275. Back then, the idiot GeorgeW was still president and my mother still referred to me by my given name.
Its been a long, crazy road. Gold has approached the trendline at least seven times over the past three years. Each time, gold has held and the uptrend has continued. Will it do so again? Maybe.
Notice that I did not say "definitely" or "absolutely". I said "maybe" and I mean it.
Look, fundamentally nothing has changed. In fact, the fundos for gold only improve with each passing day. Each fiscal year, the U.S. government spends roughly $1.5T more dollars than it takes in. This simply cannot continue and the only way out is to significantly devalue the dollar. The euro and the EU are an absolute disaster. The only way out for them is money creation on a massive, never-before-seen scale. Current holders of dollars and euroes, from central banks down to regular folks, see what is coming and are clamoring for all of the physical gold upon which they can lay their hands. Again, fundamentally, the rationale for holding physical precious metal has never been stronger.
BUT
The fundamentals for physical metal are of absolutely no consequence in this current, Comex/LBMA system. As I type, it appears that sane and rational investors are shunning the Comex. As mentioned as nauseam, post-MFG, why on earth would anyone purchase and hold gold or silver through the Comex? One would have to be ignorant, naive or foolish to still be operating within that system. The problem is, the Comex operates as a closed system...for every seller, there most be a buyer. Well, if buyers are rapidly exiting the arena, you are left with an overwhelming amount of sellers. And, as well all learned in Econ 101, when sellers outnumber buyers, prices will fall.
So, here we are, caught in this strange new paradigm of extreme physical demand in the face of plummeting paper prices. In this environment, why on earth would we expect the gold price to suddenly stop and reverse exactly at some trendline on the chart? That makes no sense. The trendline is a reflection of market price history that simply has no bearing on today. Simply put, the trendline held in the past because investors still had some measure of faith and confidence in the current system. But this is the dawn of a new day. The Comex is dying. Soon, the spread between the price of paper and physical metal will diverge to such a point as to make the Comex an obsolete joke. But that day isn't here yet. It may still be weeks or months away. Until then, the imbalance between buyers and sellers will only increase so I expect the price of paper metal to decline even farther. All of this likely makes my little trendline as obsolete as a sliderule.
How far paper price falls is, quite obviously, tough to say. I suspect that we'll know we are approaching a bottom when we see the commercial long position in the gold market exceed the spec long position. The latest CoT looks like this:
- Spec longs = 172,973 down 11,495 (-6.23%) from previous week
- Spec shorts = 39,037 up 5,072 (+14.93%) from previous week
- Cartel longs = 159,783 up 7,426 (+4.87%) from previous week
- Cartel shorts = 324,337 down 14,237 (-4.20%) from previous week
Let's watch for spec longs to keep falling while spec shorts keep rising. All the while, The Cartel will be covering shorts and adding longs. At some point in the near future (sometime in Q1 2012), spec longs will dip to 150,000 or less while spec shorts exceed 50,000. Cartel longs may reach 200,000 while Cartel shorts dip below 300,000. Maybe, at that point, gold will find a bottom. Again, it's tough to say for sure.
Regardless, I have a high level of confidence that paper metal will stage a massive rebound in 2012 once The Cartel has shifted the loss burden from themselves to the specs. I will be here to guide anyone attempting to secure fiat profits from this expected, incredible rally. Until then, traders need to exercise extreme caution when trading paper on the Comex. Personally, I feel it's best, at this point, to stand back and let this process play out.
Now, of course, I could be wrong. Maybe gold did in fact find its bottom today, just as I had speculated for months that it would. If so, you must completely disregard this post and pretend that you never read it. Got it? 
In the meantime, do not be surprised to see The Cartel put the hammer down tonight or tomorrow. There have got to be a ton of sell-stops below 1550. If the monkeys can succeed in triggering them, paper gold could rapidly fall toward $1500. Again, after MFG, who or what will be buying what The Cartel and the remaining spec longs will be selling?
Please be patient. The physical metal that you own and hold in your own two hands are your only insurance against the indescribable financial horror that is to come. Do not let the day-to-day machinations of the criminal, fraudulent Comex frighten you into selling this precious commodity. Be strong. Be confident in knowing that you have made the correct decisions. Persevere and keep the faith.
TF
p.s. For good measure, here's a little more Karate Kid for you. Think of yourself as Daniel-san. The Cobra Kai are Jamie and his monkeys.
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Comments
On a day like today
No one really cares who'd first.
First second.. Everyone cares
First second.. Everyone cares about the first second.:)
lol
Ladies - what can the guys do to get you to bring back that hair?
On the other hand.... To Count Blythe - your party is over on Jan 3, 2012.
Have a nice day
go to 5:10 in this clip.
"This party is over"
Count Blythe: You're impossibly outnumbered.
Me: I don't think so.
Destroy price discovery and
Destroy price discovery and print BITCHEZ!
Thank You Turd!
Scary days indeed. Pretty tempted to buy NOW
QE rumours
Hearing from some insiders if EUR touches 1.24-1.26 Fed printing is eminent.
Survivor?
LOL...I guess it fits. I couple of weeks ago I said nobody would be left around here except the old vets and diehards.
The newbies and weak hands are all throwing the towel in. The Troll Brigade is now coming out in force as well.
Maybe time for a Bottom Calling Contest TF?
Short term casino, long term?
Red or black at the moment. Now is either:
- an amazing trading opportunity before a bounceback
Or
- the start of the end for spot pricing as we know it
I reckon it's both and phys is the only logical way to make the trade work
Elizabeth Shue was hot in
Elizabeth Shue was hot in Leaving Las Vegas
Daniel-San,
"Best defense,......No be there!"....... That would be in paper!
;)
Couch time for precious
Couch time for precious metal
http://truthingold.blogspot.com/2011/12/couch-time-for-precious-metals.html
Turd, what is your opinion on
Turd, what is your opinion on buying ATM 1 year call options on silver? I think it is a pretty good bet. If it goes to low 20s, even better.
Best karate kid
Thanks TF for the hand holding. And especially for using the original Karate Kid. Hated the PC remake!
Tesla, nice to see you.
Hi Maryann
Nice to see you as well
Historic day..
and despite the river of tears and handwringing there have been plenty of intriguing pragmatic posts, not the least of which from the preeminent Turd -- who pretty much nailed this (decoupling) event.
as far as 4700 ounces goes -- suck it up princess.
Euro?
Remember Rickards says below 130.
We gettin there.
So, essentially when we say they will print, what we really mean is they will step on the pedal a little harder.
The way this works, once the pedal has moved a little further it can't come back. Each step taken fills a void that the next is built upon. This system in design MUST have a continuous fuel of debt to survive.
Until the last dollar is gone, there will still be debt.
Moment of Truth
And if your my age, you probably can't help but think of this song.
We have been up north on our
We have been up north on our homestead near the MN/Canadian border recently, enjoying a winter wonderland with friends and family. We had a great trip up into the Ontario bush to visit some friends and do some pickerel, pike and perch fishing. I hadn't thought about or checked PM prices in several weeks, which is a good thing.
There is only a little snow on the ground so the woods are easily accessible. More grouse have been shot, venison has been secured, and several snow shoe hare have been snared with picture wire suspended over their winter travel routes. The back country lakes are very accessible this year and an easy hike in versus years when there is already in excess of 2 feet of snow on the ground by now. Many fish have been iced by dark house spearing and by hook, which will continue through March, and soon we will be preserving them beyond freezing by pickling, smoking, and canning. The elderly aunts, parents and uncles have received fresh fish.
Like many of You, I very much like the opportunity this temporarily strong US dollar and deflationary period is providing us. I can only hope it lasts long enough for all of us to exchange much more fiat to buy physical metals over the next months or even years?!! I am spending my hard earned money "off the grid," and away from shopping malls/restaurants/wall street (other than my 401k up to the company match and my pension) and into hard assets. Lately we have been stacking liqueur, quality outdoor gear, ammo, non perishable food items, and consumer staples, in addition to our church offerings, PMs, cash, gifts to our loved ones, and the regular PM purchases. Our plan feels as right as the time we spend in the woods and out on the lakes gathering sustenance in the form of memories, knowledge of new fishing/hunting spots, meat and firewood. I wish all of you the best in the new year, and an unwavering perspective on the things that will sustain and ultimately matter in the long run.
I can't be the only one waiting for the new year
I can't be the only one waiting for the new year to have some of what's mine sent to me and not have to face the tax implications for another 15 and a half months. It's ghoulish but . . well . . if the "official" price had to be hammered at any time, now is not a bad one. It can rocket back up in another 10 days. Hell, I want it to. But it will be very interesting to see if there are a lot of people doing the same thing. If I take what's mine now I have to pay by April 15, 2012. If I wait till January 2nd, I can wait till April 15, 2013 to pay. There have to be a significant number of people wanting to get what's theirs the hell out of the system and making the same choice about it.
A Different Perspective
Turd and all you regular contributors thanks for making this the best PM educational site on the web. I have devoted the last 3 years to learning how to become a skilled investor. After MF Global I realized that by continuing to invest I am supporting their corrupt system.
We are in a war. The war is being waged against us to strip us of our assets, paralyze us with fear and bring us to our knees. MF global was our advance warning. We, the People, can win the next battle if we move quickly. We must withdraw all of our support from their system by taking our money out of brokerages and big banks. Move it to credit unions and use it to buy PMs and tangible things that we can physically own. I have invested in 400 rolls of toilet paper, 100lbs of beans and rice, a bread maker etc. Unlike stocks I feel confident that their price will be much higher 2 years for now.
Strangely I have no regrets about selling my beloved miners at a loss or my recent PM physical purchase that was made at a much higher price. All I know is for sure is that I don’t want to end up like MF Global’s customers. In a few more days all of my family’s assets will be parked in a credit union, Gold Money, PMs and physical necessities. I no longer care if PMs pull back because owning them physically instead of fiat means I refuse to play their games anymore.
After the TPTW finish imploding the world’s financial system, perhaps what will matter most, is what we still have not what we have lost.
I still say we win in the end!
I'm buying. It might drop some, but too far and then availability and premiums just get worse for my little buys.
Maybe tonight, maybe tomorrow depending on how the blips look.
I hope everyone had a Merry Christmas.
I'm still here. I'm still buying.
Waiting for my latest thirty ozs. Soon as the month turns it'll be time for my regular monthly buy (less that 30 oz. I can't do that every month.)
Time is on my side.
Peace.
everyone
Everyone is getting real bearish right about now, even perma bulls. to me that feels like a buy signal, I'm waiting until next year though, for several reasons. It's sad, but I think it's too dangerous to buy derivatives now (wrt decoupling etc) but it sure is tempting to leverage right about now :)
Bulls back out tommorrow
The Italian banks will do their duty , at least once. EU will put the pressure on the banks to buy the shitty long term Italian debt, and the auction will be viewed as a "success". Euro will rally, with the Feds help shorting the dollar, stocks will rally. S&P back up to 1265. Gold 1580, silver 27.60.
Buy when everyone HATES. Especially when fundos aren't aligned with prices. I have no doubt the cartel will keep hammering it down as general markets selloff, but at least for tommorrow I expect a bounce.
Good to see strong hands hanging tight
I have to admit, I'm a bit surprised to see so many people suddenly give in to emotion and start talking about feeling betrayed or that those of us investing for our future in PMs must have been duped.
Think about it for a minute... How many times have you read that the cartel is in near full control of the spot market? How many times have you read that the spot price is predicted to eventually go to zero, while the price of physical diverges in an upward trend?
If you bought several hundred or thousand ounces of physical hoping to make a buck or two by selling at high prices to get more fiat in a month or six months, you haven't been paying attention.
Santa has been very clear about this: the price will go up, but there will be massive volatility in the short term. This is what he meant. Volatility is in both directions... Not just up. We had volatility to the upside earlier this year and hit $49 silver and $1920 gold. Did you think volatility was only going to be on the upside?
Be strong, young padawan. Storing physical is for the LONG term. In the short term, you need to control your emotions. They betray you.
Thanks Master Turd...
...for the Charts and words of wisdom regards "keeping the faith" ....i'm keeping the faith by being short as of last week and hoping to back up the truck and pile them (heavy metals) high as soon as we've found this elusive bottom of yours
On the downer side can i express my choking mechanism was at "maximum entropy" at the cheesy Karate Kid trailer and the even cheesier rock song on the previous thread (the band looked more like slightly over-dressed gardeners than rockers spread about the Japanese garden). I'm not a big fan of either sugary teenage US films or rubbish US rock (the English bang it out so much better)
...and they do heavy metal better too (Van Halen honourably excepted)
Heavy Metals Rule
Trendline#2
Turd, you-d-man, you put me onto the game (I affectionately think of you as 'the goodfather,' Luke Wilson's character in 'OldSkool'...that being said and fwiw hear is another possibility I'm looking at. Check out the two trendlines on my chart below. As you know this trendline game is part art / part science and the more points on a trendline the stronger and more reliable it becomes. In included the trendline you used in this post but then I also have - lets call it - trendline#2 the alternate. This trendline actually has more points of contact and will put us right around 1500 for another contact (and hopeful bounce).
Also I noticed two H&S patterns, one small, one larger. The smaller one bottoms at 1500 as well so we have a nice convergence. The larger one bottoms about 1375. I think the smaller H&S looks like it will complete, the larger one I'm hoping is a scare tactic. I marked these on the chart also.
-v
Armstrong lays down some markers..
...for possible bottoms in $Gold
http://www.martinarmstrong.org/files/Gold%20Report%2012-27-2011.pdf
Armstrong also makes crystal clear the Deflation versus Inflation argument that's kicked off (again) in the last thread. It boils down to the crumbling collapsing credit (debt) mountain being far larger than anything Bernankes puny printer can counter even flat out
I'd add to those complaining about their daily shopping if your usual can of beans rises by 60 Cents and $30,000 drops off the value of your house, are you inflating or deflating?
I trust this is a no-brainer!
The strangest thing just happened !!!
I'm not even sure what to think of this !!!! My 6 year old so just came up to me and said silver is going to be up 80% !!! I asked him why he said that and he said because you like the stock market !!!! Not sure what it means if any but very strange !!!!
Intuition
LaMachinna's humble intuition is screaming tonight....
They've miscalculated, underestimated and don't know what they don't know.
100 Peace silvers and
a couple a 1oz gold buffs arriving in about a week.....thank you very much for the discount....all the old silver dollars gainesville had.....no morgans
Nothing goes straight up forever......
.....and a 10 year bull run had to take a breather at some point. In the long run, none of this will matter. In hindsight this will make sense but for now it gets a little draining. End of the year tax preparation, mutual fund rebalancing and profit/loss taking is a big part of this thin volume selling plus the FX market churning away at any given time adds to the market nausea.
In the long run, this past 4 months will look like a very short correction in the long range, big picture/chart as gold goes higher and these levels we've been ranging through $1550 - $1750 will look like consolidation.
At some point, this will be meaningless and nothing that has happened lately in the PM market has fazed me one bit. My skin in the game is about to get peeled away and in all honesty, it's not bothering me at all.
What were seeing and have dealt with the past 4 months is practice for when this gets really serious because we haven't seen anything yet. I'm looking forward to it and not backwards.
Gold goes much higher eventually. Period.
http://www.tfmetalsreport.com/forum/3172/daily-dphaze-news-machine
Am I the only one expecting a nice bounce tommorrow?
Sitting at primary trendline, Gold to S&P ratio at 1.2, oversold by any technical indicator... The ONLY economic data that matters tommorrow is the Italian 10 year debt auction tonight. It's ONLY 11B folks!! I think there is near zero chance that this auction isn't oversubscribed, as ECB/Politicians pressure the banks to buy with all that fresh LMFAO cash parked at the ECB.
Tommorrow headlines: Italian auction a success, Euro gains against the dollar - over 1.3 again. S&P back to 1265. Markets Green. Gold UP!
since I posted on the wrong thread! LOL
...and I unless I missed it, I haven't seen anybody ask about how this beat down is actually also a GSR trade benefit for those who have cheap gold.
So still being only a 1 year Turdite and still learning, I have some questions/observations regarding today.
I started trading my POSX zombies for Ag exactly on Turd's bottom last year. I've traded that wilted lettuce from then on all the way up to 45 and back down again recently at 28.50 when I grabbed another 40 more oz's. From 39 or so up to 45 and back down to 39 I grabbed mostly 90% dimes, quarters, halves. Then on down to now mostly silver Buffalos.
I also picked up 3 oz's of gold at around the 1500 range (not cheap compared to you long time stackers, but please bare w/ me here). When silver was nearly 50/oz and the GSR was a little over 30:1 I wasn't quite "with it" enough to try and do the GSR trade of some of my silver for some ounces of gold, so I let that chance slip away.
If I had done so though I could now trade those oz's of gold back at nearly 60:1 for silver! I missed out.
So let me ask everyone a few things. Now that I have a few "cheap" oz's of gold and the GSR is getting closer to 60:1 (right now 57.5:1), why not trade 1 or 2 oz's of my gold for nearly 120 oz's of cheap silver rounds????
I'm cheering this beat down of phyzz. I don't care how much per oz of zombie POSX I've traded for my phyzz...I want it to continue to go down even more so I can stack higher and catch up to you old timers!
Just look at what the GSR has gotten to today. I know when it was near 30:1 many people used that as an opportunity to trade up some of their cheap silver for some oz's of gold. Only very few people were griping at the time that the price level was leaving them behind to get more phyzz cheap...they just chased and paid whatever they could come up with.
But now that the GSR is at this level right now and potentially going higher, shouldn't a lot of people who hold phyzz NOT see this as a "loss" of fiat value but see this as a great opportunity to do some sweet GSR trading of gold in order to score a boat load of silver????
When this reverses and the GSR starts getting back towards 30:1 again or hopefully much lower shouldn't we be glad we made a GSR trade now so that we will be able to trade 30 (or less) oz's of silver for one kick ass oz of gold???
Why worry about fake fiat price level when we who have stacked any amount of phyzz can now use the GSR to our advantage?
Or do I have this whole theory wrong??? The GSR right now is at 57.5. Shouldn't I pull the trigger and hit GVille Coins tomorrow if it's still around this level or hopefully higher and trade in one of my gold coins for as much silver as possible???
I guess I've always been under the impression that using the GSR trade is one of the main objectives of owning phyzz so that you can use both sides to increase your total oz's. Am I wrong?
I'm thinking of picking up another 40 oz's of silver for some rotting fiat and trading 1 oz of gold for nearly 60 more oz's of silver...I will have increased my stack of phyzz silver by about 100 oz's at hopefully near Turd's bottom again in the 26/oz range!!! Isn't that a good thing???
That would cost average those 100 oz's that I may have traded between 39 and 45/oz down quite a lot, right???
No matter what...f@ck the fiat price...I'm gonna continue to scrape up whatever I can to keep stackin' the phyzz. Nobody should get down about this hit...it seems like a kick ass belated Christmas gift from Blythe and the Monkeys if you ask me!!! You all know damn well TPTB and Central Banks are taking advantage of it and backing up their trucks so why shouldn't we?
Well...I just wanted to throw this idear out there to see what the rest of you all think. Thanks for reading and for any input you all might have.
@ TitanAE- from the mouths of babes...
My man, your 6 yr old is a freaking genius. Get the kid some crayola charts and a pay- subscription webste and earn both of you some fiat.
The kid is right- silver at 48.6 next year sounds very plausible if paper markets hold up. The table is being set here for either 1 complete decoupling and a big rise in true physical price, or 2. Paper shorts covering for a huge leg up. Buy the F ing dips my friends. Three years from now you will marvel at the current handwringing over 1550 gold and 27 silver...
You betcha
You betcha Freddo.
We all got those 401k blues
abguy4
Silver Thoughts
Armstrong told Sinclair that once gold hit 1764 it would go parabolic. Turk said that gold would hit 2000 in 45 days. That was 3 months ago. Now Turk is saying that silver will hit 70 by the end of March. Somebody else said silver will triple very soon. Today is not an historic day. It is just another day in the life for all of us caught up in the shift from paradigm 1 to paradigm 2. I stated 4 months or so ago that silver would hit 26 again. When we do, then all the double bottom callers will come out and wonder aloud if the bottom is in. I will buy my first tranche at that level with the dry powder I attained last week. I expect a bounce from 26 to maybe 28 or 30 if we're really lucky, and then I expect another retest of 26 later in Jan. that I don't think will hold. Five months or so ago I suggested (not predicted) that there were 3 reasons that $21 was a possibility. I looked like a fool for a day, until the very next day Turd came out and said that the long term trendline was around 24.50 or so. Then I didn't look so stupid. Louise Yamada and others feel that silver will take another 4 months or so of repair. This sounds right to me. We are in a cyclical bear market for silver right now encapsulated within a secular bull market encapsulated inside a rigged market. If you are not sure why you owned the stuff in the first place you better get sure now. There is a chance, and I think the likelihood increases everyday, that silver may slide down below 25. If you think there won't be anymore phys left at that point then go ahead and shoot your wad soon. There will be phys left then because more and more people are getting scared of even owning phys. I saw stuff available today that wasn't available last week which means at least some people are selling phys. I think Turd offers level-headed advice. It's balanced and I like that. Personally, I think gold will bottom somewhere in the 1400's, and silver between 21 and 24. My guess is as good as yours. But if you think it all must be over soon, you are sadly mistaken. Everyone thought "it was over" when silver hit 31.50 from its high of 49.78. Then everyone thought it was over when it went back up over 40. When it bottoms here at 26 and starts to retrace then it will be over again. Except it won't. Try to stay focused on purchasing power of gold and silver in the future, not what the paper price is or will be then. Heck, I'm more worried about confiscation in the future than I am about how low silver will go in the next few months. Now it is true that a lot of buying will come in if silver goes below 25, but I think it is worth the risk to save at least some dry powder till then. To finish, I will take the opposite side of the Turk and say that silver won't trade above 40 next year. I am beginning to think silver will go from stage 1 directly to stage 3. Maybe it will take a COMEX default to get silver really going. I think in 2013, maybe late 2012 it will trade over 40 again and yes it will bust $50 and $100 sooner or later. But as I said over the summer, as long a the focus stays on Europe, the dollar will strengthen and the metals will have a tough go of it. Once the focus gets back on the US, then we will be back in business. Remember when the KWN crew kept calling for the dollar to crash through all of its support levels? As I've said many times, if you've learned anything it should be that this fiat paper game can go on and on and on and on until it finally doesn't. Take care everyone. (Yes I am very bullish longterm)
The Strength of Job
The Strength of Job
What we see is hard to fathom?
What we feel is hard to swallow?
What we hear is the quickening heart beat of our confidence shaking?
We are all human and the conviction of our beliefs and the understanding of the world is hard to hold when the rumbles of a powerful storm rattle our resolve, but, remember, this is by design. If committing oneself to the road less travelled was easy, then we would be crowded with confirmation and confidence and it wouldn't be the road less travelled.
What We know is that the world is in serious motion and TPTB want to cloud your conviction and re-establish the illusion of their dominance. This illusion has been crafted to make you feel powerless against the tide of their supposed strength and to resign yourself to your serfdom. Freedom is a hard place to stand and the Founders of our Nation knew that this country must always revolve around the sound money of silver and gold. The Sound Money you now hold is the bridge through the valley of their destruction and what you hold now is your committment to make it through to the other side with some semblance of the sum total of your life's labor.
Though your emotions swirl around you and the temptation to abdicate what you saw so clear only moments ago, you must be resolute.....your understanding your armor........your belief in the truth your guiding light. If you are looking for all those around you to agree and for everything you want to come without pain, then this road and this path may not be for you.
This path is one of common sense and durability. If you don't have a plan, make one and a detailed one. I have often gone back to mine to gain a steady head when my focus strayed from my chosen trail. Don't convert more FRNs than you can such that you risk your plan. If you want to be rich, then go be rich....but PMs by themselves will not get you there. PMs, as part of a bigger picture of wealth preservation, serve their purpose to hold the line of your hard work...... that's all..... that's it. Buy when you can.... Sell when you must, but always work your plan. Know each step against each day towards the conclusion of each week as they fold into each month and as they progress into years. Patience and Planning. Belief and Fortitude. These are your call signs that you must whisper to yourself when the winds, like today, try to blow you from your roots.
Be Prepared
The Ultimate Exit Strategy Pt.1-3
I won't trade my silver for gold
until we start approaching historical levels of 17 oz. silver to 1 oz. gold.
I've read about the future silver shortages, seen the docs from the USGS. Silver is much more scarce than gold. It also has many new uses. My favorite is medical.
Ever wonder where the saying, "She was born with a silver spoon in her mouth." came from? It came from the Middle Ages when the plague was sweeping the land. Wealthy families gave their little babies tiny silver spoons to suck on as pacifiers. They found that when their babies did so they did not catch the plague, and did not die.
I really, really wish I had some money right now. I don't. I have goats.
It is not the time to retreat!
This is not a pep talk. This is reality. There has never been a time like this in the history of the world. The whole economic base/fabric of the world is changing, and very few are prepared for the nightmare that lies ahead.
Be Prepared
Thanks and your name handle is so rich, in so many ways.
JS Mineset/Iran
Great commentary....
http://www.jsmineset.com/
With all the bad news and market hammering..
I thought we all might need a bit of refreshing in our souls. I hope this touches you and helps us all to remember not everything is about money and stocks and so forth. This type of story helps me to realize who is in control and how the EE will never win. The victory was won when the nails were driven deep in His palms and feet.
DaddyO
Quick KWN interview w/ John Hathaway...
I think it's a good read...
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/28_Hathaway_-_Central_Banks_to_Begin_Dumping_Dollars_for_Gold.html
I WANT TO RESPOND
I want to respond to turds lasted post. If I can say this, I just smoked a bone. when I do this I always claim I just smoked a bone. charts are not what they used to be, I've lost a lot of money, I wonder how i will get that money back. I'm a stacker, but i also play. when i play, i learned that i still lose a lot of money. THAT is why this site is so valuebil, i refuse to use spell check. Turd you give your wisdom, you give what you see , and you also give us this site. thank you for that. this year i think that i will do just the reverse of every thing, if you can't beat them then bet along side them.
NEVER
SELL YOUR STACK
LAKEMIKE
Not to sound too melodramatic...
But I really consider myself blessed to be living at this time in history. We are seeing plans unfold and if you believe as I do (and I know many on this blog) that God and love wins, then it should not be a time of fear but of anticipation.
At the same time, those who have been given much, whether materially or knowledge wise, have a responsibility first to family then to those around us who make up our community. The road is getting bumpy and we need to watch out for each other. Some really great thoughts posted here tonight and I know many of you are blessing those in your circles of influence.
It's great to see some "old-timers" posting tonight. Gives me comfort!
David Versus Goliath Monsanto
Shows what courage and a faith in God can do.
God Bless this man.
Some reason Monsanto doesn't want me to paste and copy this but you can go to the above video to see this series.
Blessings
Kiss Blythe
I think we should spread the rumor to kiss Blythe to thank her for suppressing the metals prices. That means if you are in an elevator with her, you lean over and kiss her. At a party and she walks by, another big smooch. Pretty soon, she won't be able to go anywhere without someone trying to kiss her. And how would the MSM be able to spin that once it goes viral? Who will kiss Blythe next?
As you can see, today I am thinking like an ad agency executive. Tomorrow I will once again think like a stacker!
Too bad
...that i cannot afford to buy more, or i would.
PM's at these prices are practically a free lunch......
Priceline
Daily priceline for gold moved down to 1567.75 - trade away from that price.