Precious Metals New Thread 2.0

So I know there are a ton of nay sayers but something is going on...
I don't know if this is the ultimate crash but stocks are high risk...
PMs seam to be starting the bull run,,,, but too soon to tell....
But I think it time to shift money if you haven't yet, not all but some...
And keep buying physical PMs........
This chart compares GLD to the dow year to date...
GLD up 17.4% Dow down 10.4 % 28% swing so far....



This is the 11 year chart, if the bull run is starting look for 300% 600% minimum gains this run
Remember PMs trade started in 2002 because of past inventories....

 

gold is really taking off so far this year and gold usually leads the PMs to start the bull run....
Gold is selling like crazy and inventories are dropping...

Now China is also buying on the open market for the first time in over 10 years...

China to start pricing gold
http://goldstockbull.com/articles/gold-price-discovery-moving-to-china-in-april/
Fast forward to the first week of 2016 and China is warning foreign banks that they must participate in Yuan-based gold price fixing or lose their Chinese gold import rights. This first-ever Chinese benchmark is set to launch in April of this year and could be a game-changer for gold prices moving forward.

https://srsroccoreport.com/something-big-is-about-to-happen-with-gold-silver/

 

Time for a vid.....

 

Yea I dig what Mannarino has to say, been watching him for years. He did a great interview with Greg Hunter (USAWatchDog) recently.

 

And Yellen still plans on keeping to her goal of steadily increasing rates. Yea, that will go over well.

 

Yeah, that's not working out for them..... They have been hinting at negative rates for awhile.....
they are even starting to mainstream it..... They want to get rid of cash so they can have negative rates and control every penny...

Todays article....

http://www.msn.com/en-us/money/mark...ed-to-know/ar-BBpq87e?li=BBnb7Kz&ocid=U218DHP

My short is doing good...
Metals are going crazy...
This could be the start of the bull run.... Unless they pump money in like crazy....... But they may not go to QE4ever.... They may be pulling the plug....
Because they are positioning themselves for the bear market.... and it's starting to go mainstream....
It's been a long haul but finally there is a crack in the system......

 

Agreed. If they are smart, they will let the market correct to fair market value instead of implementing more easing. They are in talks with big banks to test out implications of negative interest rates, so they know the situation.

 

It's better in the long run to let the market balance it's self....
But if you see the ups and downs you can take advantage of it...
Now that we are on to their cycle it's much easier to trade....

 

The sunday night shorts are hitting again...
They short PMs almost every Sunday night for 3 straight years.....

Precious Metal Spot Prices
METAL BID ASK CHANGE
Gold $1,218.60 $1,220.60 ($20.90)
Silver $15.35 $15.45 ($0.39)
Platinum $932.20 $942.20 ($15.90)
Palladium $512.50 $517.50 ($10.60)
Last Updated: 2/14/2016 11:44:39 PM ET

 

Canada sells off most of its gold reserves
These gov are crooks......
http://www.cbc.ca/news/business/gold-canada-reserves-1.3443700

There is stuff every day way too much to list....

 

Deutsche Bank may be the first bank to collapse this time around...
My 1st pick for US banks is CITI, but who knows.....

These derivatives (illegal gambling) are going to take down these banks and they will "Bail In" accounts to help cover their butts.....
When you give them your money you are an investor in the bank and your money is at risk....
FDIC ins won't protect you and there is not enough money to cover just 1 bank....
25 billion in ins vs 9280 trillion of deposits....

 

http://demonocracy.info/infographics/usa/fdic/fdic.html

 

Dang Steve. Great info here. I've been reading this new 2.0 Thread, and it's got a plethora of info. I appreciate your time of helping us understand what's happening with the PMs. Still a great time to buy!

I hear silver historically trades 16:1 to gold pre-1900, which would put silver @ $100+oz... any chance we will come to that? Or would it be more relistic to be trading @ 47-50:1 for the 20th century avg. Bringing silver to $60+/- oz? - Jake

 

Glad to hear I'm helping.....
I've learned a lot so try to help other people looking to get PMs...
I feel the GOV dug too big a hole but PMs with help us through....

The silver to gold ratio is way out of wack... That is one the big reasons so many people like silver more than gold....
Silver is also used in production so 40-50% is used up in production and is non recoverable...
Silver comes out of the ground at 8.5-1 and after production leaves only 3-1 that we are able to buy....
above ground inventory there is 3 times more gold than silver 1-3...
So correct, if the silver to gold ratio was in line silver would be over $100 right now...

So if gold goes to $5000 ( low estimate )
and the ratio goes to 15-1 ( low estimate )
Silver will be $333 an oz
10-1 $500
so we should make 5 times more on silver than gold...
If the dollar dies, some are saying it could go almost 1-1 for a short time be cause there is less silver available than gold and the gold is held by banks and govs....

I believe we are going to lose reserve currency status( in 1-8 years) and the dollar will revalued 40-70% less, that will break the PMs fix and naked shorting and PMs will go to their real prices...

So if gold goes to 5000/10 silver is $500, than dollar is devalued 40% silver will be priced at $700 in us dollars but buy $500 of goods in todays money.. Plus you would have to add inflation from money printing and add for demand...
If silver goes from $16 to $700 anyone that invest will want silver and gold and demand will drive it even higher.....
Only around 1-2% of Americans buy PMs and there is no remaining inventory if that goes to 5 or 10 or more PMs will be going crazy...

So I believe the silver to gold ratio will normalize and may create a silver bubble for a while (if it is allowed to price in free market) and in the end settle around 10-1..... But they could fix the price around 15-1 or 20-1.... But it is coming back to real numbers....

 

Bo Plony the PMs bottom is in...... S & P tops in July.... So he has made some good calls so far this year.....
I agree 85% I will start to add to some positions but not all in yet...
There is a slight correction this week, This dip should hep verify if the bottom is in....
He says the cycle is 7 - 7 - 7..... 7 years, 7 months and 7 days....

 

Venezuela Devalues Currency..

This shows you what will happen here when they devalue the Petrol Dollar or change to the new Dollar...
All assets priced in dollars will drop with the devaluation.....
PMs will go up because they are money so the exchange rate will go to the favor of PMs...
So you will have both Deflation and Inflation at the same time...
Petrol Dollar based assets will deflate like stocks and bonds, but things for daily living like food will inflate because the dollar is worth less....

http://www.reuters.com/article/us-venezuela-economy-currency-analysis-idUSKBN0LI00W20150214

 

Palladium is setting to be a great buy...
With demand focusing on Silver and Gold, Palladium can't fight off the shorts and is dropping in price...
Silver and Gold have more up side but this may be setting up a very good trade....
The key to Palladium is if Russia has stock piles left or not, inventory is really short and Palladium will Physically run out before Silver....

 

http://www.silverseek.com/article/s...eso-and-exponentially-increasing-prices-15301

According to Wikipedia Argentina devalued their currency by a factor of 100 in 1970, by another 10,000 in 1983, by another 1,000 in 1985, and by another 10,000 in 1992.

From Alan Greenspan in 1966: “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.”
In summary the 1945 peso was devalued by 10 trillion to one between 1945 and 2015. Imagine what that did to the poor and to the saving of anyone who left that savings or retirement in pesos!

 

Negative rates, cashless society, failing markets....

 

Every few months someone is voting to get out of the Euro, but some how it never passes...
They all know the Euro was a bad idea and is going to fail but everyone is afraid to finish it off...
http://www.theguardian.com/business...ould-wipe-20-percent-off-the-pound-warns-hsbc
All the western fiat currencies are in trouble, not just the dollar...
This will be the largest fiat crash ever in history..

If you search GPD and debt you can see most of the west is in bad shape and most of the rest of the world is doing better..
We've abused money printing and now we can't stop or they refuse to stop is more accurate...

That's why they need negative rates, to hold off a little longer, but first you need to outlaw cash to trap the money at the banks..
Don't let any of these crooks convince you that a cashless society is good, it's a trick to steal you money, so don't fall for it....

We used to use gold as money..
then a certificate for gold to keep the gold safe..
then currency that could be redeemed for gold..
then just a good will currency..
and now they want to take away the currency and just give you some credits on a computer...
I work too hard to get some BS credits on a computer based on nothing...