After the largest financial orgy in the history of the world, the fiat money system is collapsing and few are ready for it. Gold is the only real form of money in the world. Forget about shaving a few points here & there and focus on the big picture: a once in a thousand year moonshot for precious metals that you won’t be able to buy without significant premiums. One ounce silver coins are now trading at a near 100% premium over the phony paper price.
Gold is NOT the only form of money...it's just a commodity. England used "tally sticks" as a form of currency. No Gold was needed to back "tally sticks" and it worked. What you really need is "TRUSTWORTHY" governments creating it's own money as a medium of exchange for "real" and tangible goods and services. Key word being "trust". Developing a system to "select" competent leaders (sorry, voting by the masses doesn't work) and leave money creation in the hands of this "competent Government" and NOT in the hands of "private" greedy, self serving individuals (bankers, politicians); which is what the West currently has.
This is all I have heard from anyone who deals in physical. Premiums violently surging - simply not showing up in paper prices. It's OK - I'm a patient guy...
It seems that every country in the world is getting religion on gold, except of course for my home country of Canaduh! We brilliantly ran our reserves down to zero a few years ago. You'll know we're getting close to the top of the coming bull market when Canaduh starts buying gold again.
The spot gold price is based on paper gold, which is heavily managed by the banking cartel. Look at the physical market for a sneak peek at what is coming.
A rising gold price is a sign of a failing currency. Gold and silver have been leaving Comex vaults like F’ng mad since May of this year but the price has gotten killed during that time. The paper price is completely disconnected from reality.
@fred - i understand your question. please note that @qtr is writing for a relatively sophisticated audience and as a result he sometimes assumes they know the basics of price/volume trends and he can "bury the lead" as a result. please let me explain1. all things being equal the single two biggest influences on the spot gold price are etf inflows & outflows (especially GLD on the nyse, by far the biggest), and gold futures trading on the comex (cme). for several months we've seen huge outflows of funds in gld and huge shorting of gold on the comex. i am heavily invested in gold miners (which have a high beta relative to gold) and as a result have suffered huge paper losses on these positions. my typical problem as an investor is to have good ideas based on good research but to invest too heavily too early. in the past i have been scared out of my investments too soon and suffered big losses. 2. more recently i have been doing better. basically by re-reviewing my decisions AS IF they were decisions to make new investments, NOT whether to stick blindly with losing positions. so why have i stuck with gold miners, despite taking losses? one of the most interesting things about gold this year, and especially over the past 3 months has been WHY WHY WHY hasn't it collapsed to new lows below $1400? powell at the fed has been raising interest rates like a drunken sailor. the $ has been soaring despite the fact that usa cannot and will not be able to service the national debt at current interest rates, and there will be more huge losses for the foreign investors who fund our profligate budget with stupid purchases of treasury bonds, etf outflows have exploded as gold investors throw in the towel putting massive downward pressure on the gold price, and commodity traders have been making billions shorting gold and taking increasing risks with leverage, putting even greater downward pressure on the gold. and weds-fri of this week was the perfect window for them to press their short bets. AND YET gold HAS gone down but no where near as much as it should have done. this is "the dog that didn't bark in the night" as any arthur conan doyle fan will tell you
if you like to trade you should always look for "the dog that didn't bark in the night".
(finishing comment which got cut off!) this absence of howling came to a crescendo on wednesday of this week when powell was more hawkish than ever, but gold recovered to down only $4. then another impressive recovery on thursday to only a small loss. when i should have been slaughtered both days. while i was still feeling the pain of these losses, the trader in me knew was that something big was about to happen and i'd be crazy to sell. so i met my margin calls in full. and then read qtr who i suspect broke the news about sovereign gold buying--which explained the weirdest quarter i've ever suffered. and then today happened.
the $ finally turned around--first slowly then bigly. and a huge gold recovery and insane miner explosion that closed a series of calls in my account all the way to 11/9 and left me with positive equity for the first time in quite a while. will there be follow-thro on monday? probably imho, but i don't care if gold takes a short rest. what you're reading about in this article is going to make gold futures bears nervous and cover more shorts (tho some of them were literally totally destroyed already today & carried out on stretchers, there are others who hung on in disbelief). and is going to make many etf sellers wish they hadn't been scared into throwing in the towel & come back in. if you agree with me then please do act on your instincts. if you disagree, then lets discuss this again early january......
Gold and oil, doesn't take a rocket scientist to see what's going on here. Good article and will be linking it today @https://nothingnewunderthesun2016.com/
After the largest financial orgy in the history of the world, the fiat money system is collapsing and few are ready for it. Gold is the only real form of money in the world. Forget about shaving a few points here & there and focus on the big picture: a once in a thousand year moonshot for precious metals that you won’t be able to buy without significant premiums. One ounce silver coins are now trading at a near 100% premium over the phony paper price.
Extremely well said. You might enjoy this recent interview with Dr. Stephen Leeb. Listened to it yesterday: https://www.youtube.com/watch?v=rmYYWnHY0XI&feature=emb_title&ab_channel=PalisadesGoldRadio
Gold is NOT the only form of money...it's just a commodity. England used "tally sticks" as a form of currency. No Gold was needed to back "tally sticks" and it worked. What you really need is "TRUSTWORTHY" governments creating it's own money as a medium of exchange for "real" and tangible goods and services. Key word being "trust". Developing a system to "select" competent leaders (sorry, voting by the masses doesn't work) and leave money creation in the hands of this "competent Government" and NOT in the hands of "private" greedy, self serving individuals (bankers, politicians); which is what the West currently has.
https://www.bbc.com/news/business-40189959
All fine Ron but there has NEVER been a "trustworthy" government. That's why gold has been money for 5000 years. So dream on about a utopia world.
Premiums are through the roof in physical. Even if the spot price goes down...premiums will rise.
This is all I have heard from anyone who deals in physical. Premiums violently surging - simply not showing up in paper prices. It's OK - I'm a patient guy...
This is so, I can confirm
Keep stacking!
100%. Drop the mike. Commodities are going to rip.
When the normies catch onto gold...
just wait until they brain fart on silver
Gold is up $47, almost 3% and silver up > 6%, at the moment. Start of the gold and silver bull?
wow....you guys are the best..........i am glad i found you......thank you
It seems that every country in the world is getting religion on gold, except of course for my home country of Canaduh! We brilliantly ran our reserves down to zero a few years ago. You'll know we're getting close to the top of the coming bull market when Canaduh starts buying gold again.
If gold demand is so high, then why the steady drop in price? It seems the fundamentals of supply and demand would raise the price.
The spot gold price is based on paper gold, which is heavily managed by the banking cartel. Look at the physical market for a sneak peek at what is coming.
[troll face]
A rising gold price is a sign of a failing currency. Gold and silver have been leaving Comex vaults like F’ng mad since May of this year but the price has gotten killed during that time. The paper price is completely disconnected from reality.
@fred - i understand your question. please note that @qtr is writing for a relatively sophisticated audience and as a result he sometimes assumes they know the basics of price/volume trends and he can "bury the lead" as a result. please let me explain1. all things being equal the single two biggest influences on the spot gold price are etf inflows & outflows (especially GLD on the nyse, by far the biggest), and gold futures trading on the comex (cme). for several months we've seen huge outflows of funds in gld and huge shorting of gold on the comex. i am heavily invested in gold miners (which have a high beta relative to gold) and as a result have suffered huge paper losses on these positions. my typical problem as an investor is to have good ideas based on good research but to invest too heavily too early. in the past i have been scared out of my investments too soon and suffered big losses. 2. more recently i have been doing better. basically by re-reviewing my decisions AS IF they were decisions to make new investments, NOT whether to stick blindly with losing positions. so why have i stuck with gold miners, despite taking losses? one of the most interesting things about gold this year, and especially over the past 3 months has been WHY WHY WHY hasn't it collapsed to new lows below $1400? powell at the fed has been raising interest rates like a drunken sailor. the $ has been soaring despite the fact that usa cannot and will not be able to service the national debt at current interest rates, and there will be more huge losses for the foreign investors who fund our profligate budget with stupid purchases of treasury bonds, etf outflows have exploded as gold investors throw in the towel putting massive downward pressure on the gold price, and commodity traders have been making billions shorting gold and taking increasing risks with leverage, putting even greater downward pressure on the gold. and weds-fri of this week was the perfect window for them to press their short bets. AND YET gold HAS gone down but no where near as much as it should have done. this is "the dog that didn't bark in the night" as any arthur conan doyle fan will tell you
if you like to trade you should always look for "the dog that didn't bark in the night".
(finishing comment which got cut off!) this absence of howling came to a crescendo on wednesday of this week when powell was more hawkish than ever, but gold recovered to down only $4. then another impressive recovery on thursday to only a small loss. when i should have been slaughtered both days. while i was still feeling the pain of these losses, the trader in me knew was that something big was about to happen and i'd be crazy to sell. so i met my margin calls in full. and then read qtr who i suspect broke the news about sovereign gold buying--which explained the weirdest quarter i've ever suffered. and then today happened.
the $ finally turned around--first slowly then bigly. and a huge gold recovery and insane miner explosion that closed a series of calls in my account all the way to 11/9 and left me with positive equity for the first time in quite a while. will there be follow-thro on monday? probably imho, but i don't care if gold takes a short rest. what you're reading about in this article is going to make gold futures bears nervous and cover more shorts (tho some of them were literally totally destroyed already today & carried out on stretchers, there are others who hung on in disbelief). and is going to make many etf sellers wish they hadn't been scared into throwing in the towel & come back in. if you agree with me then please do act on your instincts. if you disagree, then lets discuss this again early january......
"There are none so blind as those who refuse to see."
The International Jew - The World's Foremost Problem by Henry Ford (1920).
Judas-ism: it's NOT a religion, it's a satanic, criminal conspiracy/cult.
If you really want to make a difference, EXPOSE judas-ism's bible, the talmud.
Show regular Americans what satan's rats are all about.
That's all you need to do.
EXPOSE the talmud!
MUST read:
https://web.archive.org/web/20130605010616/https://stopcg.wordpress.com/the-talmud-and-the-jew-world-order/
China officially recognizes several world religions.
Judas-ism isn't one of them.
Brother Nathanael - "When jews Run a Country"
https://www.bitchute.com/video/TB5F2FsVQkJB/
Also western euro Country,s will return to gold couse they Willem Middelkoop have discover this by ask central Banks about it but it is secret.
Gold and oil, doesn't take a rocket scientist to see what's going on here. Good article and will be linking it today @https://nothingnewunderthesun2016.com/
Mexico is joining too. I think just about everything south of Texas will be BRICS.
The West is finished.