... when the streets are running red. Otherwise you won't make any money.

Ron Paul’s Task: Build Up the Remnant by Tom Woods

http://lewrockwell.com/woods/woods193.html  Enjoy your weekend folks!

If everyone who visits this blog, ZH, Kitco, 321Gold, etc. all decided they wanted to break the strangehold JPM/et al have on the PM prices, they would sell all positions in ETFs, unallocated accounts, etc. and buy physical for personal holding.

There has to be buying pressure at the retail level in order to have an effect on pricing, as retailers buy from wholesalers and smelters.  

Draining down the physical IS THE ONLY WAY.  The PTB will NEVER willingly give up their power position made possible by fractional banking.

The ETFs were created to divert demand from the physical, and allow the bankers to use investors' money to gather together PMs in bulk, and fractionalize silver and gold further.

The price controls used to keep gold and silver below their true value dissuades the public from buying--the ultimate goal of the bankers.  People don't view low prices in their investments like they do a 30%-off sale at Kohls.  They buy when prices are UP 30%.  Bankers know this.  They are going to keep pressure on the paper markets as long as they can, because they can.  Unless the physical is drained out from under them. 

It is that simple.

Turd says...."There's certainly a lot of angst and nervousness out there regarding future price.  Whatever.  I, for one, am getting bored with it all".   "The timeline of getting from here to there is the only thing in question".

Turd you said awhile back $10,000/oz gold, sooner rather than later.   When is sooner?  You've talked in the past about things like how "critical the next 48 hours are".   Turned out too many times nothing really happened.  You've set highs and lows that have been wrong.  Too many posts here from other "doom and gloom, the end is near" type sites.  Too many posts from like-minded individuals who have a vested interest in the rise of PMs.  So maybe instead of saying that you are getting bored with other people's angst and nervousness, you should remind people once again that they should not invest their future based on opinions stated on this site.  

Smart move and good thinking.  When the reset happens, it'll be a real jackpot for her, and hopefully it'll be soon, so you get to see her enjoy it.  Whatever enjoyment there might be--as the financial landscape will be rocky for awhile after.

And a bah humbug to you to....

I believe Turd was clearly stating he was bored with the market actions.  Not the multitude that visits this site and post.  I get tired of people waffling on their positions like a bunch of damn Nancy's, but I'm not Turd.  Sell, run, hide... if you don't get where all this is going and have enough stones to wait then you get what you deserve.  Zombieland... love that movie.  "It's time to nut up or shut up."

And don't confuse people who just happen to be on the same boat and in the same cabin seeing the reality of the situation as it applies to them as simply being LIKE MINDED.

Ticks me off when people come in and talk like the folks here are simply part of a hive mind and we can't think for our damn selves. 

Hope you all have a good day. :)

I gotta say the repetition of "ignore the current action" is getting a bit repetitive. I realise that there is an onus on those of use who get it to educate the others but you can only repeat something so many times. If people have made it to the point where they are regular readers of this blog, and I assume other related websites such as zerohedge and harveyorgan, and they STILL haven't realised that buying gold and silver is a long term investment then I'm not sure what good repeating the message really does for them.

Last night Monster Box of ASEs sealed sold for $14,765 - $29.53 each.

​Great price! For those looking to purchase in smaller amounts, I just purchased from Bullion Direct 5 minutes ago.

ASEs for $29.60 each and Maples for $29.41. Phils are $29.56 (but I didn't buy any this time around). All excellent prices.

...are posts like the one above that come on and post a chastising criticism in down PM days and just hiss and moan about TF or the people on here. Some things never change and never will.

If you go look, some of the people who have been coming out of the woodwork lately have a history (or lack of one) and want to throw stones in any direction just to do so.

TGIF!

Dow 20,000 = POSX 50 = Gas/Milk 10 = G 6000 = S 300

My guesses.

Edit: The MOPE monkeys "conveniently" left out the details of what Dow 20,000 would mean.

It dipped yesterday, and I BOUGHT silver eagles...I am still stacking, BTFDs and BTW FU JPM !!!

THANK YOU Turd

LCS?

Perhaps some predictive power can be derived from things we know ...

QE3 = inflation = high gas prices. Also, QE3 = immediate rise in equities and upward pressure on PMs.

I think some other Turdites are correct when they note that the commodities are being crushed, perhaps not so much to reduce Au and Ag prices as they are to reduce C₈H₁₈ prices.

And apparently TPTB would like these prices to remain low until approximately the first week in November. After that, que sera sera.

So, what is the delay time between supply disruptions due to conflict or other macroeconomic monkeyshines and a rise in the price of gas at the pump? Whatever that delay time is, it would be a predictor of the timing of said monkeyshines. Is it three weeks? Six? A couple months? Perhaps one should be ready for some chaos in September.

LCS local coin shop