Silver getting crushed today

Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.

  1. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Ah, we know about pareidolia very well on this forum.
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  3. princeofwaldo

    princeofwaldo Grateful To Be eX-I/T!

    They say that forecasting the weather requires nothing except claiming tomorrow's weather will be almost identical to today's. Such a prediction will make a forecaster correct 80% of the time. Here in Nevada, it would make him/her correct closer to 95% of the time. Metals prices move in much the same fashion, almost a seasonal pattern to the price movement, that is, when the price is going up it tends to continue going up, and when the price is going down, it tends to continue going down. All sort of an invisible momentum that tends to keep things headed in the same direction. If it were truly random, you would expect gold to trade at $1300 one day, followed by $120 the next, then $1800 the day after that, in a totally random and unpredictable way. The simplest advice I could give to anyone is that the trend is your friend, and at the moment the trend is unmistakably upward. Until it isn't.
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  4. EdThelorax

    EdThelorax Well-Known Member

    Pareidolia-I learned a new word today.
  5. -jeffB

    -jeffB Greshams LEO Supporter

    You must have put the Errors forum on ignore. ;)
  6. slackaction1

    slackaction1 Supporter! Supporter

    pareidolia...… me too had to look it up.... tried to use it in a
  7. EdThelorax

    EdThelorax Well-Known Member

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  8. itm389

    itm389 Member

    That was one of the cleanest pennant/flag ive seen on the gold chart. Bullish continuation expected. They tried to do a little shake out before it launched, support was held and here we are. Next week should be interesting. Futures open at 6pm est lets see what happens.
    EdThelorax likes this.
  9. longnine009

    longnine009 Most Exalted Excellency

    Is this a clashed jaw error? :troll:
    Last edited: Aug 25, 2019
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  10. longnine009

    longnine009 Most Exalted Excellency

    CoinWorld podcast interviewed a Harvard economics professor. He talks about currency wars, monetary policy, fiscal policy, panics, gold, silver, the fed, central banks, interest rates. He even talked about the Free Silver movement and The Wizard of Oz.
    Personally I think he did a pretty good job discussing all of this without offending anyone's politics...I guess. I didn't feel politically offended by any of it. It's podcast #21 and it's free to listen to.
    Last edited: Aug 25, 2019
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  11. mlov43

    mlov43 주화 수집가

    Hey, can you share the link?

    EDIT: Nevah mind: It's here:

    Thanks for the tip, Longnine!

    Another source for some thoughts on the Gold Standard is Karl Polyani's "The Great Transformation"
    Last edited: Aug 25, 2019
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  12. princeofwaldo

    princeofwaldo Grateful To Be eX-I/T!

    Terrific discussion. The Euro btw, ought to be at $1.70 if you compare prices here and abroad. The only thing more overvalued than the US dollar is probably the Swiss Franc which ought to be at 75c to the dollar based on relative prices.

    Bullion is lots of fun. But if you're a world coin collector like I am, a strong dollar makes it easier to acquire rare coins cheap. But when it's time to sell, the collector wants a very weak dollar so foreign buyers are encouraged to participate at auction.
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  13. itm389

    itm389 Member

    New highs boys lets go!!
  14. mlov43

    mlov43 주화 수집가

    You see? It's just like the professor said: Which is best, Strong or Weak Dollar? It depends on what you want to do!
    yakpoo, longnine009 and princeofwaldo like this.
  15. Brian Calvert

    Brian Calvert Active Member

    That is the agenda, to explain a whole lotta nothing and look good doing it, dont offend anyone, dont tell the WHOLE truth, and dont, whatever you do, tell the American people just how bad things really are.

    Many of the Harvard, Princeton, Yale, guru's are friends with the Banksters. They sit on many Board, eat, sleep, vacation and own businesses with the very people they tell you are honest.I would take what they say with a 10 lb. bag of salt !
    They dont flat out lie, they just dont tell all the truth. Skirt the boundary's of honesty and disclosure.

    Truth is not part of the elite XXion led banking and big business biotech agenda. Keeping people in debt, keeping their pay low, and status quo is what they do for their own benefit.

    many of the PUNDIT experts they put up front are their because they will say what the billionaires want to hear. You have to hit Youtube, Lynette Zang, Peter Schiff, Gordon Long, Max Keiser, Jim Rickards, and many others.
    Their agenda is to tell the truth.

    Banker friends agenda is too keep this credit Debt Bubble going while telling everyone that things are just marvelous. This would included all that work or have worked at the Central Bank, Tim Geithner, Lawrence Summers, Bill Dudley, and anyone at any investment bank.

    Lets face it, they turned our Industrialized nation with well paying jobs into a Fictionalized Financial Nation. Lies of 1-2% inflation have kept 90% from knowing the truth. Real runs between 5 - 10% and the term CPI from our leaders is nothing short of a JOKE on anyone who buys it...

    You cant fix 2008 with more printing, only delay the inevitable. They blew it, for 106 years they have had control of the MONEY, Fiat Money... Without limits, regulations, reality, truth in accounting you get greed. Soon, In my opinion we will be knee deep in Depression.
  16. CoinCorgi

    CoinCorgi Derp, derp, derp!

    I knew it! Those bastards!
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  17. princeofwaldo

    princeofwaldo Grateful To Be eX-I/T!

    You are certainly correct about the inflation numbers, no question inflation has been running much hotter the last 20 years than anyone in Washington will ever admit. What's interesting to me, is how M3 and all other money measurements that used to be so important now don't matter. Just print print print, and with zero velocity, it goes out as entitlement money and straight to the 0.1%-ers pile of cash or cash equivalents. Lowering interest rates further won't do a thing to reverse this, but it does give the super rich a much bigger incentive to park some of that idle cash in precious metals.
  18. Brian Calvert

    Brian Calvert Active Member

    Correct, and it will be strong for a while longer as the World finance doesnt know what to do with their money. Thus, many from around the world will pile into Treasuries as it has been the hiding place of the elite for 70 years now.
    Unfortunately as they print more, more debt, lower rates, print more, more debt, lower rates, print more... It will collapse ! It is going to get ugly as other nations are now creating their own payment system to skirt the dollar. We no longer have the ability to control our own destiny. What orange is doing should have been done since mid 80s.

    You cant just flip a switch, change it all, and pray it works out in 3 years. Remember what they said back then ?

    """Lower prices on products from China will be great for all Americans, thus, you can save money. It wont hurt our mfg. base, we have tons of it..."""" And they always added : """""This is America, if someone wants to move their company to CHINA that is their business, who are we to tell, or force them to pay a tariff, or keep their company here. That would be UN american!""""

    There were those that knew this would happen, they ran the labor... Of course we would here. Why pay union dues, if you dont have a union that is more money in your pocket from not paying dues. Now, 40 years later, the jobs pay the same as in 1995 because of deregulation. Many have been able to slip through, myself included, but only because I seen the truth and worked with it. Most just got another job. too bad huh...

    Other very strange thing is how different the same people now look at immigrant workers. 35 years ago they said, "LET them in, we need people to pick the fruit and veggies. If we cant get cheap labor an Orange will cost 5$, and who will cut grass" Now, 35 years later, americans do it to survive. We gave it all away for a couple million to become filthy rich...
    Incredible that so many people cant admit these truths... Even as late as 2004 people would say, go back to college, get a degree, then you can make really good money, that dont even work anymore. Your still stuck at 80K. 80K was a great paying job in 1990. A great paying job with the inflation we see would be 250K today. Yet, we still look at people making 80k and say that is a great paying job. That is how manipulated we are with deep propaganda paid for by the billionaires making hoards of money.
    princeofwaldo likes this.
  19. Brian Calvert

    Brian Calvert Active Member

    I owe this site a debt of gratitude... Back in 2015 when I first started buying PM's I learned here. Knew nothing of it...
    Big deal to me because just a working class guy... Without this site I bet I would be broke.
  20. longnine009

    longnine009 Most Exalted Excellency

    It's okay Brian Calvert. We need the Lumpentariet to trade against.
  21. Brian Calvert

    Brian Calvert Active Member

    How is that working out since 2016
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