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Full Version: Understanding The Gold & Silver INVERSE Bubble. By Gregory Mannarino
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Greg said he was doubling down on Ag when it was at $35 -ouch.

I agree with him on many things he says, but you cannot tell people to buy when all the chart tech indicators are topping out. That's exactly what CD1 did. I wonder what happen to that buffoon anyway.
Deflation is coming in a big way because interest rates are already lower than the Great Depression:

http://www.marketoracle.co.uk/images/image003.png

Silver is still sky high at $27 an ounce, and declining toward the critical $26 support level:

http://www.kitco.com/charts/techcharts_silver.html

Silver is far above the $4 - $6 production cost, and a decline to those levels is normal with commodities:

http://media.resourceinvestor.com/resour...actals.jpg
I bought at 20 rode it to 50 then bought all the way down . :( . I guess i need to bury my head in the sand and just keep buying . As for CD , i think he was talking about borrowing another 5 grand off a family member to buy silver . He was sure it was going to 50 - then 500 down the line . Web bot hit after hit when it doesn't matter . call after call of its this week its going up . Then the banks steal peoples money and say its a template . And the metals go down . Sales are setting records , but I guess consumption of the metal is down enough to make up for it . There is suppression to keep perception in check , its working . yeah cheap to buy more metal , wish I saved for 6 months then bought now but oh well .
(04-02-2013 07:23 PM)Mac Wrote: [ -> ]I bought at 20 rode it to 50 then bought all the way down . :( . I guess i need to bury my head in the sand and just keep buying . As for CD , i think he was talking about borrowing another 5 grand off a family member to buy silver . He was sure it was going to 50 - then 500 down the line . Web bot hit after hit when it doesn't matter . call after call of its this week its going up . Then the banks steal peoples money and say its a template . And the metals go down . Sales are setting records , but I guess consumption of the metal is down enough to make up for it . There is suppression to keep perception in check , its working . yeah cheap to buy more metal , wish I saved for 6 months then bought now but oh well .

I bought some more junk dimes at around $28.50, but it was more for fun than anything else. I still have junk bags that I bought in the late 80's. I never bought anything over $33. Junk premiums have been rising steadily over the last 6 months and availability is starting to dry up. Ebay premiums are still pretty high on 90%.

Some people put way too much faith in those Web Bot predictions. Taking loans to buy Ag is foolish. I can believe $100/oz, even $200, but $500 is just pie in the sky wishful thinking.

Ag just hit $26.99 as I type this. I'll buy more if it hits $26.
Gold and silver market has been going down since late 2011. Same time FIAT currencies has been devalued with feds QE and EU help packages. This extra money that has been implemented has gone to banks and not really gone to the circulation of people.

As money has been devalued rare metal prices should have gone up but banksters are controlling prices. And as rare metal markets are mainly in stocks and not real metals are not moving to people it's easy for banksters to control prices.

Same time the same banksters are buying all the real gold from people with their gold buyers.

A kind of confiscation of real gold without forcing people to give it free is going at the moment.

As long they can keep rare metals prices low in spite if inflation it's cheap gold for them cause they print the money.

All major countries are collecting gold in their vaults atm.

This controlled confiscation of gold may end with implementing so called "gold standard" cashless society after the collapse of FIAT currencies.
I bought a few more Oz of Ag this week.
(04-03-2013 01:11 AM)Arctic Wrote: [ -> ]Gold and silver market has been going down since late 2011. Same time FIAT currencies has been devalued with feds QE and EU help packages. This extra money that has been implemented has gone to banks and not really gone to the circulation of people.

As money has been devalued rare metal prices should have gone up but banksters are controlling prices. And as rare metal markets are mainly in stocks and not real metals are not moving to people it's easy for banksters to control prices.

Same time the same banksters are buying all the real gold from people with their gold buyers.

A kind of confiscation of real gold without forcing people to give it free is going at the moment.

As long they can keep rare metals prices low in spite if inflation it's cheap gold for them cause they print the money.

All major countries are collecting gold in their vaults atm.

This controlled confiscation of gold may end with implementing so called "gold standard" cashless society after the collapse of FIAT currencies.


That makes sense.
(04-03-2013 01:11 AM)Arctic Wrote: [ -> ]Gold and silver market has been going down since late 2011. Same time FIAT currencies has been devalued with feds QE and EU help packages. This extra money that has been implemented has gone to banks and not really gone to the circulation of people.

As money has been devalued rare metal prices should have gone up but banksters are controlling prices. And as rare metal markets are mainly in stocks and not real metals are not moving to people it's easy for banksters to control prices.

Same time the same banksters are buying all the real gold from people with their gold buyers.

A kind of confiscation of real gold without forcing people to give it free is going at the moment.

As long they can keep rare metals prices low in spite if inflation it's cheap gold for them cause they print the money.

All major countries are collecting gold in their vaults atm.

This controlled confiscation of gold may end with implementing so called "gold standard" cashless society after the collapse of FIAT currencies.


Good observations.

One correction though... fiat paper is currency, not money.
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