PING for Monday.
I’m not panicking, but gold could go as low as $1,340.00 while this all shakes out. Stand fast and don’t look at gold prices every two minutes, LOL! :)
By some measures, it’s already as bad as 2008 was, just not as quickly. Silver has been cut in half again, every moving average has been busted again, HUI-to-gold ratio is even worse, etc.
The old saying, “markets can be irrational longer than you can remain solvent” is even more true when they aren’t even markets any more but just a sequence of obvious and even admitted central bank interventions and manipulations.
Haynes - Gold & Silver Buyers (physical metals) Outpacing Sellers 50 to 1
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/13_Haynes_-_Were_On_The_Verge_Of_Major_Gold_%26_Silver_Shortages.html
It’s a buyer’s market right now!
Peter Schiff is saying that the treasure of the West will be sent to the East to pay off the banker scum. That Portugal’s central bank or Gov’t will sell its gold to China/Chinese central bank. The gold will not really be sold on the free market, anyhow certain central banks (China Russia etc) are the largest gold buyers these days. Along with India whose population buys gold.
Gold leaves the weak hands of degenerate borrowers who are not producing (Spain, Portugal) and is sold to those who produce be it China, Russia, Brazil etc
Goldbug ping.
Jim Sinclair has alot of respect for the views of Alf Fields.
The latest from Fields is here: http://www.jsmineset.com/
meanwhile, every other corner has a “We buy Gold “ sign.
When they begin to disappear, we will be at the bottom
This is absolutely an example of the dirtbag neighbor selling off his Harley to pay for LAST month’s rent.
According to this, 10% of US annual silver production just vanished overnight.
http://silverdoctors.com/10-of-us-annual-silver-supply-just-vaporized/#more-25002
http://www.paulcraigroberts.org/2013/04/13/assault-on-gold-update-paul-craig-roberts/
another theory
Getting hammered. (gold & silver, not me!)
Easiest site to see the numbers is apmex.com
or kitco.com