... visit the GoldPrice website. There is also a “radio button” that provides silver charts. Kitco earlier was snooping by demanding cookies for access.
Perhaps unavailability of Kitco charts is an indication that their servers were swamped due to the very large PM uptick, or... Be that as it may, GoldPrice was available and has broad range of timelines, which most other free chart services do not, including Kitco’s, which provides only disconnected timelines.
Anyone that can provide good chart websites for PMs, please post the website (no links please because Yahoo will delete your post).
You are a bit “conservative” of the Fed’s money printing. Most are putting the figure at 85 billion$, not 50.
Unfortunately it looks like going forward we are not going to get the opportunity to elect, on balance, honest people to political office. What is needed is to start throwing all the financial criminals in jail that are currently free to do as they please in violation of the law.
There was a brief time in the 80’s when banksters were actually thrown in jail. Maybe resurrecting Robin Hood to rid us of all the crooked Sheriff’s of Nottingham would be a great idea to return the country to some fiscal sanity. The only problem with that approach is a matter of culling those who acquired their fortunes honestly in contrast to the bankster class who never get identified by mass media sources. A good start would be to put Jon Corzine behind bars.
The article on pascua lama indicates no issues related to mining claims, which seems to be a continuing theme of one who posts here regularly.
What seems of more importance to the local people who depend on water from the glaciers is the contamination and supply of water taken for mining purposes. This is not a trivial issue protecting the interests of locals, especially when they must be dependent on their political representatives upholding the promises made by Barrick to not negatively impact the environment to such a degree that it will destroy the local agricultural economy.
Given how large corporate interests sway the decisions of officialdom, the arguments of locals that they are likely to be negatively impacted are understandable. If locals cannot extract ironclad agreements that promise that the environment will not be substantially and negatively impacted with a cease and desist order against all further continuation of mining operations, then it will become evident that any environmental promises will be broken and locals will need to take whatever steps they deem necessary to protect their interests. This assumes continued monitoring of mining operations.
Jim Willie is a macro-economist. That is probably the safest and only position to take because predictions on timing are impossible, especially when considering the manipulative ways of central banks, their elitist owners and all those partnering with the banking cartel. His claims of arbitrage taking place in the Shanghai Exchange probably have little meaning to anyone but professionals within the sector. It has been noted however that the price, according to Kitco charts, tends to be lower until trading opens in New York. At that point, immediately upon opening, the price skyrockets to about mid-session on that part of a 3-day cycle, presumably leaving bagholders at higher prices. So the quantity of PMs is not flowing into the small investor market, but rather to elitist circles.
... in the future the following article from Seeking Alpha is of interest:
“Silver Wheaton Shares Could Face Distress”
Place the above title in your browser to access. Currently it will be at the top of the list. JJ Butler, by the way, is a pseudonym (no relation to Jim Butler).
Articles like this are of more interest than the multitude of hit pieces against SLW daily on this message board posted without credible sources to Internet titled articles. The analysis seems to be sound but each person should do their own due diligence to come to their own conclusions. Basically what Butler is saying is that SLW has taken on a lot of debt in order to expand its agreements with silver miners while betting on silver price increases. If silver prices would decrease significantly from here SLW would be in financial trouble, just as it was in late ’08 and ’09. It would seem that nothing would make the banksters, their political puppets (like the one referred to above) and otherwise captured interests happier than to see that happen. They always seem to have prevailed in the past...until they won’t.
Why wonder? Be hapi. The manipulators will take the price down to whatever it takes to supply industrial users. The supply will come from those who capitulate at lower prices. If that doesn’t work margin calls always will, as the Hunt Brothers experience indicates. By the way, today has just begun. The usual cycle after the big uptake on Friday would be to crash the silver price today.
Notice that Yahoo has cut their costs of doing business by going to India to infect Yahoo PM message boards with spam (*.in is the DNS country code for India). Yahoo is part of the scam to make it seem as if the country is in “economic recovery mode”.
And Yahoo is part of the conspiracy to see that the Asian Pacific region manages to get the best prices for their PMs, while seeing to it that PM prices (not the paper variety) go skyward after western based manipulators grasp their share of lower prices at the beginning of the session in American markets, leaving many bagholders at the top in mid-session. This happens in about a 3 day cycle of up/down flat., up/down/flat ... etc, with a downward bias to extract PMs from small investors insuring their investment failures in the PM sector.
If the cycle proves to be as it has in the past today will be a big down-day in American markets for PMs in the “PM Cycles For Dummies”.
Do you perhaps remember during a Congressional hearing when Ron Paul asked Bernookie, “Is gold money?” and Bernookie answered with a flat “NO”. Bernookie is the Robber Barons’ front man. It is unlikely that they will dispense with their agenda of mass robbery through the mechanism of fiat money. You are totally naïve, or maybe attempting to draw people in to placing their money into PMs before the banksters planned bottom to give them a chance to pry more loose from “weak hands”.
If you have what you consider to be the advice of a known expert on the matter, just post the title of the article. Titles cannot be removed by Yahoo’s attempts at censorship. Otherwise your declaration is just your opinion, and why should that be believable?
You’ve all heard about “currency wars”. What we are experiencing now in this country is a fiat war not just emitting from other countries against the US, but coming from our own government whose only loyalty is to the Federal Reserve System against “We the People”,
Realize in a conflict of this type all the rules of ethical behavior by our “elected” representatives go out the window. Nothing works anymore when it comes to analyzing markets; not charts, not fundamentals, nothing. If any of us was given a nickel for each of the predictions of those who tout themselves as having their fingers on the pulse of the market, we would be wealthy, not for anything they have said that is anywhere near correct but just to be compensated for their wrong predictions. When the Fed starts throwing funny counterfeit money at markets to get the result they are looking for it’s anybody’s guess when the road to ruin will be obvious. It will be too late to take appropriate action in the stampede to safety.
One example is the major market indices, the DJIA and the NYSE composite indices. Today and for some time there is a small but noticeable disconnect between them where the DJIA appears more positive. Today the loss on a relative basis for the NYSE was higher on a percentage basis. That’s because the Fed has been manipulating the DJIA for some time. Check it out for yourself.
The best thing that could happen to reverse course is if there would be recall elections of large numbers of politicians for not representing the best interests of the country and its people. It won’t happen.
Incidentally has anyone noticed that ALL Yahoo message boards are being destroyed by spam by 100’s of messages under one screen name 5 hours ago at this writing. Unlike legitimate posts, it states “by A Yahoo! User” rather than the stated name. The monitors are getting the word from on high that the CEO is too busy taking care of her version of “Rosemary’s baby”, and not to bother.
Could it be that the Russian Oligarchs have their version of the US Coinage Act of 1792 to visit upon Cypriot banksters? There is more than a little suspicion that we are headed in that direction. Coinage Act type sanctions are obviously not going to originate here. That could be the beginning of something very interesting, were it to spread. Might the US send in the SEALS to protect the banksters? Given how the politicos are so in bed with them here it would be no surprise.
The EU is falling apart and there is a flight to the “safety” of the Dollar, TEMPORARILY. With a few exceptions, like the Swiss Franc, the Dollar is currently gaining, which means that PMs are losing. At some point very soon those Euros that were traded for Dollars are going into PMs. You need to be patient.
Note that Pacific Rim currencies are gaining versus the Dollar, with the exception of the Taiwan Dollar, which is probably due to Chinese influence. (Don’t believe “Moses”. He apparently didn’t look at the currencies before he posted his remarks.)
As usual, you won’t address the other issue that poor nutrition is also involved. We all know your attachment to socialism, “tburke”, so your assessment is to be expected.
It is a curious observance that anyone who looks at what is going on around them can continually fail to see the future, despite having lived through experiences that should have brought them to different conclusions. Here "government mind control" programs are generally discounted as unreal and of the many conspiracy theories floating about. But maybe not when taking your views into consideration.
“My son is in University. He knows the truth about Fed. Reserve,... can't buck the system ... he tried and prof. wasn't happy to answer the tough questions. He was ...put on notice to stop.” (edited)
Many students have had the same experience of being intimidated in university economics classrooms, mostly Fed funded according to its Fascist paradigm. Today there remains a preponderance of those in the PM investment sector that underestimate the power of central banks to see to it that investors in this sector, on balance, lose. PM investors take a short term view of how the CBs long term view takes advantage of the fact that human life spans are the determining factor on PM price fluctuations. The Fed, for example, got its start in 1913 (though its inception was designed at the meetings in Jekyll Island in 1910). It is still around long after human mortality has taken those who were there at its founding.
In this sector there is a limit to how much PM manipulation can occur. The banksters at the helm are mere mortals and only serve at the pleasure of the current political power structure, placed by the super-wealthy elitists that form the majority investors in the CBs. This implies that investor losses are experienced by those without the patience to wait for good buying opportunities and/or fail to take profits at opportunities that occur when this market becomes over-extended. This is easier said than done, but technical charts can serve to be the determining factor of when to buy/sell along with the surrounding story-line from mass media sources meant to create the wrong investment decisions; within the previous statement are many of the “free” investment newsletters and editorials. Throughout this year and much of last year PM editorialists have been pumping the storyline that PMs are oversold. But had you listened to them you would have the unhappy experience of watching your investments lose value indicating that many of them are in fact bankster plants.
An interesting Internet piece can be found at the following title: “Are North Koreans really three inches shorter than South Koreans?” The conclusion probably also applies to those who gave thumbs down to the previous “Hapi” post, which brings forth the sage advice that one should always “consider the source”, and in this case a height gage will suffice.
“...what was the black market in the 1950's is now the growth leader in
the world economy. That is a significant change. ...”
Change, for sure. But who brought it about; for starters, Richard Nixon, or more pertinent those who gathered at Jekyll Island in 1910. Without the help of US leaders, that in hindsight apparently weren’t too bright, China would still have a population that is 100 years behind countries that respected the fact that a free people will always surpass those enchained by centrally planned economies.
So where are we today? Trillion$ in debt to the world’s largest centrally planned economy that is buddy, buddy with a leader threatening nuclear Armageddon on any that don’t pay tribute to Kim Jong-un of N. Korea.
"Millions for defense but not one penny for tribute" made by US Rep. Robert Goodloe Harper on the occasion of a bribe offered in 1798 by the French in the XYZ Affair to stop the attacks by British and French warships on American shipping is the appropriate response to N. Korean demands.
So you are implying that a “centrally planned economy” will pass the test of time, even though in comparison the average N. Korean is near starvation while those in the South are prospering enormously.
Unfortunately when a people loses their freedom they also lose the ability to resist the forces that removed it, as it is either comply or be dead. This is what “gun control” is about in this country; the removal of the ability to resist in order to eventually bring about N. Korean style tyranny.
So much for your attachment to “Confucious” who apparently didn’t effectively and sufficiently agitate the powers that be at the time to bring about the sort of freedom in China that we enjoy in this country. As an example, Christ sought to liberate the human spirit from adoration to leaders that didn't represent their best interests, and where did that get Him? And where did it get many of those who followed Him.
For someone who frequents PM message boards you sure seem to have a blind spot for how other governments conduct their affairs, and how it relates to PMs, for that matter. It is suggested that you visit some of the websites that speak about the human rights abuses in China under a “capitalist Communist Chinese” government, unless, of course, you consider that to be irrelevant. For as little as our Bill of Rights is respected here, under our current bankster driven government and their political puppets, we still are much better off. How long will be dependent on how much resistance is put up against those who wish to diminish what is left.
So maybe another question to that which you answered would be; are you going to be part of the solution, or part of the problem?
As far as your take on Marx is concerned, he was one of those poor little rich boys (along with associates like Engels) that never did anything with his life but stir up revolution among his circle of other poor little rich boys by acquiring that know-it-all air of one that figured what the people need is an iron-fisted ruler. We do have more than our share of them here that seem to gravitate into politics of the socialist variety, our current POTUS being but one example who rode the wave of government sanctioned favored treatment to arrive at his current position. They are all a bunch of control-freaks.
The basic tenet of human progress is that people, when left alone to follow their own inclinations will far surpass what any centrally planned economy is capable of, whether it is of the “capitalist” flavor or not.
So that’s enough of this Marxist BS, and that of his circle of like-minded idiots.
By stating “What do you think?” was not meant a cowardly usage of ratings as a response.
There is no argument with your assessment. But please take a look at this Good Friday’s action in what appears to be the Hong Kong market for silver while markets everywhere else were closed for the holiday. It plunged 46 cents (according to Kitco). This has been almost a daily occurrence where Communist Chinese markets acquire PMs at a discount while all other markets only provide what might be considered retail prices after western CBs buy in at the lower prices that had just occurred in Asian markets. Nobody appears to be remarking on this.
So the question arises, since everything available stateside has a “Made in China” label on it, how come the more favorable PM prices possible here are not being provided with a “Made in China” label (without tungsten cores, of course)?
There appears to be possibly 2 conclusions:
1. The Communist Chinese have a cooperative agreement with western CBs to take PM prices down for their population and western CBs.
2. There is an objective by western CBs to see to it that those in the west are being led to believe that if they invest the price will be taken down further by western CBs after they experience the lower Communist Chinese PM prices, then drive prices upwards to discourage such investment, the objective being to eventually create a one world tyranny through a one world fiat currency system. Of course most know that this manipulation is managed through paper based futures markets that none can oppose without experiencing losses.
If correct, this is quite sinister, and maybe a completely wrong assessment. PMs Editorials have not noted this. What do you think?
Perhaps some of their bankers will be taking up residence in a jailhouse, if they authorities there have the backbone of those in Iceland. That's probably not likely.
Federal Reserve funded university economics department “professors” are showing up on PM message boards, now that PMs are at risk of violating support lines. Interestingly they judiciously avoid any mention of the current bank runs in Cyprus, while giving the impression that, although there were “minor” central bank policy mistakes, everything, relatively speaking, is still under control.
Coupled with that is the suggestion that the Fed should “support” the Euro by buying them to keep the value from plunging. Do tell? And how are they going to do otherwise if, for example, Cypriots and others in the EU are finding ways to bail out of the Euro? The suggestion is by printing more USD to satisfy the demand. It sure looks like a race to the bottom from here. But those who successfully pick the bottom, assuming there is still a supply of PMs (not the phony paper ones) to be had, are going to be handsomely rewarded.
Don’t fall into the trap of those who care to exercise blatant credentialism in the field of economics, just because they are a Harvard PhD or from another “lauded” institution. Nowhere in the field of human existence is there greater danger than from those who support the concept of economic regulation through a system of fiat “money”. We all know this springs from the tyrannical designs of super wealthy elitists that risk a worldwide financial meltdown because immense wealth does translate into control of the world of politics with absolutely no concern that it will also bring about massive economic failures. There have to be draconian penalties on the perpetrators imposed because massive economic failure also translates into massive, but seemingly disconnected starvation, disease and consequential deaths. Such events should be considered no different than recent deaths that took place in a Colorado theatre by a gunman, and in fact this country’s Founders thought that to be so when they passed the Coinage Act of 1792.