Precious Metals New Thread 2.0

month chart...
Looks like the stall could be over...
Miners are going back up after a breather.....

At this point I don't think we'll have a big enough pull back to have significantly better buy point....
These last couple of weeks may have been the best buy point...
But we'll see.........
PMs are defiantly off the bottom this year........

 

More and more people get it and understand what's going on and are planning for the future..........

http://blog.tenthamendmentcenter.co...passes-bill-supporting-constitutional-tender/

PHOENIX, Ariz. (Feb 22, 2016) – An Arizona bill that would “legalize the Constitution” by defining gold and silver coins as money and removing a barrier to their use as currency passed the state Senate last week.

“Notwithstanding any other law, the exchange of gold or silver coins does not give rise to liability for any type of tax. Gold and silver coins are money and are not subject to taxation except as may be required by article IX, section 2, subsection 13, constitution of Arizona.”

Thirty other states have already eliminated capital gains tax on the sale of gold and silver coins. Tax free capital gains,,,,,,,, Hmmm..............

“Over time, as residents of the state use both Federal Reserve notes and silver and gold coins, the fact that the coins hold their value more than Federal Reserve notes do will lead to a “reverse Gresham’s Law” effect, where good money (gold and silver coins) will drive out bad money (Federal Reserve notes). As this happens, a cascade of events can begin to occur, including the flow of real wealth toward the state’s treasury, an influx of banking business from outside of the state – as people in other states carry out their desire to bank with sound money – and an eventual outcry against the use of Federal Reserve notes for any transactions.”

This last statement makes a lot of sense....
Seams like the next step would be to allow people the pay taxes with gold and silver... I would not...
They may be trying to create a gold depository like Texas is.....
Either way this is 1 more state that gets it.....

If we have 30 states slowly moving towards PMs, how many countries do you think might be moving away from the dollar???????

 

Deutsche Bank Confirms Silver Market Manipulation In Legal Settlement, Agrees To Expose Other Banks
https://srsroccoreport.com/deutsche...egal-settlement-agrees-to-expose-other-banks/

 

There have been over 3,400 fiat currencies, and all of them have failed. According to the article on Washington’s blog, The Average Life Expectancy For A Fiat Currency Is 27 Years …:

 

Check out this insane price I found on some gold coins today.. Pretty crazy how low they're holding these gold prices

 

Was that in China? Rumor has it they're going to start setting the price and everyone knows everything is cheaper in China!

 

Those chocolate coins are gross

 

Don't laugh, the average lifespan of those chocolates are 27 years!

 

That's awesome................

You get gold and chocolate....................win win...................

 

I always like this one........... Plastic pennies are more than real ones..............
And who would ever buy those???????????

 

We abolished the penny about 5 years ago

 

Well Steve, it took longer than expected, but in your own words, you were "flat out wrong" abut where the DOW was/is headed.

Now, since you seem to know/think that the PM markets are gonna go sky high, do you care to make a prediction there? I'd love it if you gave us some actual numbers that you can be held accountable for

You seem to know silver pretty well so why don't you give us your personal 1, 3, and 6 month predictions for what the price of silver will be? That way you have actual numbers that we can compare to the market and see if theres any validity to your predictions. Whaddya say? I'd love it if you proved me wrong here but you gotta give us some real numbers to go off of.

 

I still think this is a fake rally in the dow but it's going higher than I thought...
Like I also said these next couple of weeks will decide both PMs and the market...

If the dow can break 18,000 and hit 18,500 hold on QE4ever must have been activated....
I still think this is about it and it will turn down....

PMs are going sideways and some are going up so I'm still bullish on PMs stocks but these couple of weeks should tell us if this is a false rally or not...
I still think we are at the very beginning of a PMs bull run....
But I have seen this before so PMs could turn down but I doubt it....

 

Canada's dollar keeps climbing , and with no gold anymore , how is this possible

 

So where are your predictions? I'd appreciate some actual numbers so we can see just how close you are and how well you know the markets.

 

We'll hard to say, waiting for this side ways crap to stop and see what China does but...........

My realistic range for silver for the next 12 months would be 13.5 to 33 for silver..........
and for gold 1025 to 1650........

If PMs stay up for 12 months then I think PMs will start to get crazy...

We should know if PMs are turning down this next week and I can update my prediction....
Silver hasn't quite broke out yet but a lot of PMs stocks have and gold has....

If PMs go up from here this will be the new bottom and won't go below 16 and 1200 again......

I think this is sideways trading and PMs will keep going up....

 

Lol cmon Stevie. A $20 range for silver? Thats hardly a prediction.

You just said the next couple weeks will be pretty telling for PM's, so what your one month prediction give or take $0.25? That would be a real prediction.

 

Waiting for this week to pan out one way or the other but $17 would be fairly accurate guess for the up side....

 

Thanks. Look forward to seeing if you're correct in a months time.

 

So are you betting with or against?