Today is a prime example. Their is so much naked shorting in the paper market that the best one can do is stack real physical,be thankful for the discount and work hard to stack more later. The time will come but by that time if you haven't accumulated and held, you wont be able to. Ask Germany. This paper may say you own Gold or Silver, but if you cant get it,the paper is worthless.
What next, "AMZZ considers hostile takeover of Google"? Then a bunch of dummies get on the message board to think of the revenue possibilities?
Just silly and crazy.
Since when did silver and gold trade on paper pricing? Take a look at the morning short paper raids on silver and gold for the last 2 years. The money printers have played the game backwards. Whenever they announced that there would be more QE(money printed),they'd coincide that announcement with a short paper raid. This allowed more money printing at the same time as a depression in PM prices. Great strategy that keeps a worthless USD strong(short term treasuries buying out longer term). Then the talking heads get to tell the public that PMs are no haven. Only problem is that short must eventually be covered.
Guess what, some level of covering began with the tapering announcement and commencement. Just when the shorters thought stupidly "silver and gold will really tank in 2014 because now we're tapering", the slow,easy covering began-thus the rise in prices this year.
Market is completely manipulated with government blessing. The chairman of the CFTC filed suit but never got anywhere when he stated that manipulation by fed banks was obvious.
If he can't get anywhere, stackers won't either. we'll just have temporary shutdowns of the US MINT WHEN NEEDED and raids when needed to discourage those demanding delivery.
I must admit that the paper(fake) silver market totally controls the real mkt. So much imaginary silver and gold is sold that it even hampers stackers over time. Silver should be up 10% minimum this morning. We are looking an armed conflict with Russia in the face, in their BACK YARD!!! Manipulation rules the day. PMs wont trade freely until major elements which control our govt have been removed. That may be 2 generations from now.
Looks like a great deal for EGO to me. Mine development will cost $45 million and they sold a 1/4 stake for $40 million. So development is basically paid for and they brought on a partner who can get the permits passed through for the development.
Deal !! None of that gold will ever leave China but who cares, the Chinese are stacking right now and paying premium in their retail markets anyway, to do so.
Doesn't matter. Silly argument. When all in cost come in below $600/oz.
If he made $1/year and cost were at $1100-$1200/oz, would you be happy? If he can keep cost down like that I'M FOR HIM.
There is every sign that gold will reach new highs. Gold was raided time and time again while QE expanded. Raid = paper shorted on comex and worldwide markets. This was necessary to maintain dollar strength will that commodity(usd) was being printed and added into oblivion to maintain bank liquidity world wide.
During this period of printing(which has not yet ended), Germany requested the return of her gold. She was told that she could have half of it back by 2020. Note that Germany put its gold in safekeeping here during the cold war. Since then we(the USA) have not even been able to keep up with the reduced schedule of slow delivery.
This screams that a comex default is possible as the gold may not be available.
Suddenly tapering of the money printing began and gold started to rise. UH OH !!!
Now its becoming more clear that the fed banks which shorted gold to protect the dollar hoped to cover those shorts during the tapering phase which is why gold would increase during a time when liquidity is being retracted. They will try to go slow and easy no doubt,but where are the sellers who are afraid of the tightening to come. They seem to be confident that they can squeeze the fed by making further demands for physical control of the assets.
Gold is going higher, a lot higher and suddenly when we are half way there the dumb butts on cnbc will figure that out. Germany is not stupid, nor is China. They see us flailing to hang on to life and they know that only our reserve currency status has kept us afloat. We must be careful however, because the BRICS have begun devising ways to do international business without using the USD. Time may not be on our side and as time moves on Gold will become far more powerful as our money printers cover to save the value of our money.
This is a beauty. CEO compensation be damned as long as he keeps the cost down this is best in class!
If and when AU BREAKS $1450/OZ, LOOK OUT ABOVE!!!!!!
Eli Lilly has a drug that seems to be getting airtime on CNBC today which has shown marked improvement for lung cancer and other soft tissue sarcomas. I don't know what it is, but it's phase 3 trials should soon finish and be announced. It may momentarily steal a little thunder.
The CNBC anal-ist weren't lying to us, they're just wrong as 2 left feet often. Fortunately for them, they can change their tunes on the spot and act as if all is obvious for viewers who don't keep up.
Yes, I bought some and checking it out. Think is probably a 5 bagger. Let's let all those in for 30-40% buy and sell in a day or 2, then when the speculators are all out, this can walk to .05 minimum. They are at least real-just very small.
How long can the greatest chip maker of all time go without making any serious money to support the price?
ARMh doesn't seem to be getting the AMZN treatment. This baby is waiting to drop like a rock.
Originally posted by themattador1974.