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PM's get hammered this week
02-15-2013, 12:05 PM
Post: #1
PM's get hammered this week
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Wow, helluva week for precious metals... Gold at $1603 and Silver at $29.75. I wonder what's causing it - actual market conditions or manipulation by the PTB? This might be the major crushing we've been waiting for... how low will it go?? Then buy, buy, buy.

The first requisite of a good citizen in this republic of ours is that he shall be able and willing to pull his weight. There is not a man of us who does not at times need a helping hand to be stretched out to him, and then shame upon him who will not stretch out the helping hand to his brother - Teddy Roosevelt
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02-15-2013, 12:13 PM
Post: #2
RE: PM's get hammered this week
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This is how silver makes me feel these days

[Image: 16h82ma.jpg]

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02-15-2013, 12:36 PM
Post: #3
RE: PM's get hammered this week
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(02-15-2013 12:13 PM)Mac Wrote:  This is how silver makes me feel these days

[Image: 16h82ma.jpg]


That is a really disturbing pic... OUCH!

The first requisite of a good citizen in this republic of ours is that he shall be able and willing to pull his weight. There is not a man of us who does not at times need a helping hand to be stretched out to him, and then shame upon him who will not stretch out the helping hand to his brother - Teddy Roosevelt
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02-15-2013, 12:58 PM
Post: #4
RE: PM's get hammered this week
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(02-15-2013 12:05 PM)abacus30 Wrote:  Wow, helluva week for precious metals... Gold at $1603 and Silver at $29.75. I wonder what's causing it - actual market conditions or manipulation by the PTB? This might be the major crushing we've been waiting for... how low will it go?? Then buy, buy, buy.

With everything going on at the Fed Reserve and QE, silver and other commodities should be spiking???

http://research.stlouisfed.org/fred2/series/BASE

[Image: BASE_Max_630_378.png]

St. Louis Adjusted Monetary Base (BASE)

2013-02-06: 2,828.560 Billions of Dollar
2013-01-23: 2,795.974
2013-01-09: 2,705.332
2012-12-26: 2,633.034
2012-12-12: 2,667.536

Bi-Weekly, Ending Wednesday, Seasonally Adjusted, Updated: 2013-02-14 3:31 PM CST

razzle34dazzle, proud member of Realist News since Aug 2012.
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02-15-2013, 01:12 PM
Post: #5
RE: PM's get hammered this week
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Silver will shoot back up Late March through early April.

Great minds discuss ideas; Average minds discuss events; Small minds discuss people .-Eleanor Roosevelt
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02-15-2013, 01:19 PM
Post: #6
RE: PM's get hammered this week
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I love it! When pigmen mark down the paper G&S, you should want to buy it.

If/when Ag ever gets down to the $25-26 area again, I'll be liquidating some of my guitar collection to buy more.

"When you see the world die, only then will you understand how real I was" - Charles Manson
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02-15-2013, 01:48 PM
Post: #7
RE: PM's get hammered this week
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Dow jones has basically been flat all week too - no major moves up or down.

The first requisite of a good citizen in this republic of ours is that he shall be able and willing to pull his weight. There is not a man of us who does not at times need a helping hand to be stretched out to him, and then shame upon him who will not stretch out the helping hand to his brother - Teddy Roosevelt
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02-15-2013, 01:49 PM
Post: #8
RE: PM's get hammered this week
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(02-15-2013 01:19 PM)Fiat Facade Wrote:  I love it! When pigmen mark down the paper G&S, you should want to buy it.

If/when Ag ever gets down to the $25-26 area again, I'll be liquidating some of my guitar collection to buy more.

Keep the guitars. Fiat, I'm sure by now you have "enough" PM's ;-)

BTFD!

I am not afraid.
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02-15-2013, 01:54 PM
Post: #9
RE: PM's get hammered this week
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(02-15-2013 12:58 PM)razzle34dazzle Wrote:  
(02-15-2013 12:05 PM)abacus30 Wrote:  Wow, helluva week for precious metals... Gold at $1603 and Silver at $29.75. I wonder what's causing it - actual market conditions or manipulation by the PTB? This might be the major crushing we've been waiting for... how low will it go?? Then buy, buy, buy.

With everything going on at the Fed Reserve and QE, silver and other commodities should be spiking???

http://research.stlouisfed.org/fred2/series/BASE

[Image: BASE_Max_630_378.png]

St. Louis Adjusted Monetary Base (BASE)

2013-02-06: 2,828.560 Billions of Dollar
2013-01-23: 2,795.974
2013-01-09: 2,705.332
2012-12-26: 2,633.034
2012-12-12: 2,667.536

Bi-Weekly, Ending Wednesday, Seasonally Adjusted, Updated: 2013-02-14 3:31 PM CST

I agree, this chart is extraordinary. I with out a doubt believe PM's will have a serious leg up at some point, on this chart alone, but I don't know when it will happen or how much. I do know there will be people who will say to themselves "I was thinking about buying Au or Ag..." and didn't; they will be kicking themselves as their 401(k)s buy them maybe a year of retirement.



re·tire·ment
/riˈtīrmənt/
Noun

The action or fact of working one's job and never ceasing to work.
The period of one's life after leaving one's job and gets another job due to the Bernank ruining the world.

I am not afraid.
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02-15-2013, 02:31 PM
Post: #10
RE: PM's get hammered this week
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(02-15-2013 01:49 PM)SoberOne Wrote:  
(02-15-2013 01:19 PM)Fiat Facade Wrote:  I love it! When pigmen mark down the paper G&S, you should want to buy it.

If/when Ag ever gets down to the $25-26 area again, I'll be liquidating some of my guitar collection to buy more.

Keep the guitars. Fiat, I'm sure by now you have "enough" PM's ;-)

BTFD!

I have over 20, so selling one or two isn't going to hurt... that bad.

"When you see the world die, only then will you understand how real I was" - Charles Manson
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02-15-2013, 05:59 PM
Post: #11
RE: PM's get hammered this week
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I just bought another 30 Oz of Ag today and like FF says if it goes down 10% percent more. I'll buy even more. Ag Firesale.
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