You may now proceed to do as you will. The fully expected FOMC market activity has passed and the bankers have been milked for being predictable idiots who sell other people's gold on a schedule. Time to collect it up.
Keep waiting until the FOMC meeting this week. The banker dummies have their backs to the wall in paper shorts. Buy physical metal at will. But it is probably better to wait to kneecap the bankers and take their fiat if you want to trade paper. The bankers are very predictable. It is very easy to take advantage of them as they are forced to jump through hoops. For now, take the physical.
You can always buy physical. But hold off on buying any paper for a while. Paper has zero to do with actual supply and demand. You can tell sometimes what the bankers are trying to do with it. They have put in their normal double topping pattern. The commercials are overly short. Wait for them to try an manipulate it down. No point levering up in the casino. Stick to physical metal for a while.
Physical, of course, buy any time. But the paper dummies have their year end paper prices to set for bonus purposes. I am surprised they let it paper rally last week at all. Just sit tight until Wednesday, then start loading up. It will be over 1200 on Friday. That is when the paper dummies will stick it to their companies and cover after locking in their bonus. Same trade every year. Sell into the end and then mega pop. But remember paper is just a trade. Don;t get suckered into holding anything where you rely on a banker to be honest. Gold will win. But it will happen all at once, and it will only be the physical kind.
The only thing that has changed since 2011 is gold being more bullish. The bankers control nothing and set the price of nothing but their paper hopes and dreams. You might be in gold for paper gains or safety. It doesn't matter. Both gold and silver have never been this poorly traded by bankers and fraudsters in the history of finance. Yeah. The bankers are stuck and they won't quit easy. They will try to change the rules again and again. In the end, some will quit trying, and the rest will be eliminated.
And you want to know why? By playing paper games in the gold market, they devalued 90% of the world's savings in gold, at the same time gutting their own gold inventories, and reducing trust in the banking system by using fraudulent means to move the gold price. They caused the second leg of this depression, undermined sovereign balance sheets, and made the banking system untrusted to handle customer gold. They are finally coming to their senses. The banking system needs reform and assets to balance debt, not more printed paper.
They gave their warning. Pay attention.
I own a variety of physical silver. Coins, bars, rounds of all types sizes and nationalities. The premium on my physical portfolio is 42%. LOL. This paper price is not real. Take the physical metal.
Taking gold from Wall street idiots while the US financial system bleeds out to a husk is the easiest decision you will ever make. The USA now has 18 trillion in debt to print up and pay off its debt. And that is just what we know about in Treasuries. Gold has never been cheaper than it is today. And it is all thanks to some dummies who bet the house on the impossible dream of the clipped US fiat turkey having magical powers.
...And there are people promising to deliver silver and gold at impossible prices. No one who owns gold and silver is selling their own stash. Nor will they ever sell it for the toilet paper money of the West. Demand for PMs in these conditions is infinite. There is no amount of gold and silver the bankers can steal that will fill demand. Price is a dying currency is irrelevant. The important thing is that you can still get out of paper in to physical money.
I love the bankers attempting to fight global market forces. It is so funny to see all their puny plans and lofty predictions collapse under the weight of their own noobish antics. They think they can make every possible mistake in predicting outcomes and still win by painting the tape and reselling other peoples gold. Nope. Gold is a physical market. The market will buy an INFINITE amount of gold when it is priced wrong. There is no amount of stolen gold that stop an infinite demand for free wealth. We are well into WW3 and probably the eventual nuking of DC. Ukraine is back on and Ebola is back in the news now that the elections are over. Obama lost the ME. Only a deluded 20 something banker is deluded enough to pile up gold debt here. Keep taking their gold. There was never any chance of gold staying under 5k.
This is the spot I was waiting for in paper. So was everyone else. They rushed it down here at the end, so this is probably going to be a major pivot point. It might be worth it to take a shot at paper. If the market is not about to default, it should bounce on this line pretty hard. This is the line that was the original 1040 target. Physical is always good. Paper is always a gamble.
This is ending one of two ways. Physical over 5000 overnight, and paper 5000 overnight. Or, physical over 5000 and paper default. Do not trust Wall Street idiots to understand a physical market. Anyone can sell billions in gold, that doesn't exist, for delivery at later date. It is delivery that is the issue. Whether the COMEX changes the rules or enforces them, is not material to where gold is going to settle. Take the physical while you can. It has never in history been this cheap vs paper. Never. And it is all thanks to unbackable derivative promises and a self trusting wall street that never learns. Take it.
The only thing that is happening is higher premiums. Generic bars are still at 19-20, where they have been for months. Bullion coins are almost all over 20. This paper selloff is doing nothing but breaking the physical markets away from the paper markets. It is pretty interesting to watch the predictions of the smartest metals analysts come true. Physical only folks. The paper market is just a fraud that represents nothing..
The clearasvodka guy reads Chinese news fairly often. It is like having an intelligence asset in China. I'd link to his channel but Yahoo won't allow it.