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Sprott Physical Silver Trust ET (PSLV) Message Board

ryan.tynd 9 posts  |  Last Activity: Apr 26, 2013 5:49 PM Member since: Apr 11, 2013
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  • Soros has summed it up pretty well, why the Gold game is over ...

    "It has disappointed the public, because it is meant to be the ultimate safe haven. But when the euro was close to collapsing in the last year, actually gold went down, because if people needed to sell something, they could sell gold. Therefore they sold gold. So gold went down together with everything else. "

    "If you have the prospect of a crisis, you will have occasional flurries or jumps. So gold is very volatile on a day-to-day basis, no trend on a longer-term basis."

    Sentiment: Sell

  • would buy into Silver/Gold - but what is the point - if at any time the Central Bank can come in and smash the price whenever they want?

    They proved this last Friday, and certainly they will do it again as soon as Gold price starts moving upwards again. Bank A sells large qty to Bank B for say $1200, well below the price of Gold - causing hysteria and panic in the Gold market - everyone sells ... most likely to the very banks that shorted it!

    Gold comes back up for a while - but guess what, next time Bank B sells cheap to Bank A ! So the banks can continue to Profit Buying and Shorting Gold whenever they want. And in the end the price of Gold does not appreciate much - which keeps the Central Bank happy - so they will allow these charades to continue because it supports the US economy.

    Unfortunately this is not 2000 when Gold had its great run - the rules of the games have changed significantly that I can see.

    If someone can convince me otherwise, would love to know how - but I just see this a game that only Banks will profit from and people will just have misery watching the price of Gold Yo-Yo from here.

  • I would buy into Silver/Gold - but what is the point - if at any time the Central Bank can come in and smash the price whenever they want?

    They proved this last Friday, and certainly they will do it again as soon as Gold price starts moving upwards again. Bank A sells large qty to Bank B for say $1200, well below the price of Gold - causing hysteria and panic in the Gold market - everyone sells ... most likely to the very banks that shorted it!

    Gold comes back up for a while - but guess what, next time Bank B sells cheap to Bank A ! So the banks can continue to Profit Buying and Shorting Gold whenever they want. And in the end the price of Gold does not appreciate much - which keeps the Central Bank happy - so they will allow these charades to continue because it supports the US economy.

    Unfortunately this is not 2000 when Gold had its great run - the rules of the games have changed significantly that I can see.

    If someone can convince me otherwise, would love to know how - but I just see this a game that only Banks will profit from and people will just have misery watching the price of Gold Yo-Yo from here.

    Sentiment: Sell

  • Reply to

    SPROTT IS TOTALLY DUMPING HIS SHARES

    by philandjoelle Apr 10, 2013 2:21 PM
    ryan.tynd ryan.tynd Apr 11, 2013 6:57 PM Flag

    you sound like someone who shorted, and is about to get served
    HA HA HA

  • if Bitcoin had been backed by Gold - it would totally would have destroyed right now.

    maybe if Bitcoin 2.0 comes out backed by Gold, lets see what happens...

  • more propaganda like Goldman Sachs telling you to short Gold - a lot of people are lined up to get in Gold for cheap and then participate in the next rise up...

    Sentiment: Strong Buy

  • They are tired of all Governments printing their currencies to oblivion - and in the end we will return to the one currency that ruled all others... just be patient.

  • ryan.tynd ryan.tynd Apr 11, 2013 2:40 PM Flag

    GS has absolutely no authority in their predictions. Everyone knows they want people to short all PMs so they can get in cheaper themselves.
    Remember when GS said Oil was going to $200 but instead it dropped to $80 ... would your really place any trust in a company like that ???

  • Reply to

    SPROTT IS TOTALLY DUMPING HIS SHARES

    by philandjoelle Apr 10, 2013 2:21 PM
    ryan.tynd ryan.tynd Apr 11, 2013 2:38 PM Flag

    its only the Sprott charitable foundation. Sprott Canadian Equity mutual fund still is 40% or $300 million Silver.

    don't be fooled by these lame posts, stick with the facts.

PSLV
6.600.00(0.00%)Feb 26 4:00 PMEST

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