B4 The Bell, PreThursday, April 28
296 replies to this topic
Posted 28 April 2004 - 10:53 AM
Kitco quote for silver is exactly $1.00 low.
Posted 28 April 2004 - 10:58 AM
What a mess-CNN-just reported thousands of leaflets have been distributed in Iraq offering a $15 Million U.S. bounty for anyone who kills Generals Kimmitt, Abzid or Rumsfeld -Lovely just lovely!
Posted 28 April 2004 - 10:59 AM
Gold and silver have done well in a deflationary environment in the past.
Really B$$4 what has changed to support such a massacre in the metals?
The US triple deficits have gone parabolic. The suspect, very limited strength in the US dollar does not suggest the globe is enamored with the buck. The Japanese are not showing up to lap up US debt as they have so kindly done in the past. I still believe the metals will have their day, hopefully while I'm still around to enjoy it!
Crapvision now saying metals weakness can be blamed on China trying to reel in
Move along folks BUY GSEs
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson
Posted 28 April 2004 - 11:01 AM
Yahuu stopped refreshing charts at 10:23 am est
as i write this it is still frozen
dedededede jajajajajjajajajajaj vuvuvuvuvuvuvuvu????????????'
another source for instant market indexes, please?
Posted 28 April 2004 - 11:03 AM
Now we know KITCO is part of the MATRIXKitco quote for silver is exactly $1.00 low.
Posted 28 April 2004 - 11:05 AM
Window now closed-we'll take it-the Pig still lies alone at the bottom of the stairs.
Posted 28 April 2004 - 11:06 AM
Why is gold lower?
Because on a day when no news could be expected to rescue the selloff in both stocks and bonds, the Matrix needed to eliminate the prospect of a shift into a new investment class.
Posted 28 April 2004 - 11:12 AM
thanks B4... The yhuu matrix still frozen solid. in the 10:23 am est window... creepy.
Posted 28 April 2004 - 11:15 AM
It will be said that gold went down because the $USD went up, but gold was down before the $USD went up.
Posted 28 April 2004 - 11:17 AM
Brian I disagree with your thoughts on gold and silver reflecting deflation at current price levels. Since 1900 when gold was priced at $20, the dollar has lost 98% of it's purchasing power. In other words on an inflation adjusted basis the price of gold should be $1000. What we are witnessing is outright manipulation/and or hedge funds gone wild. As silver moves towards $5.50, I will scale in purchases. I view this as a freebie from the matrix.
My economic scenario of massive deflation and severe depression means mining for base metals will be strongly curtailed. The majority of silver production comes as a byproduct of base metal mining. Pure silver mines cannot operate at these prices. The BS of digital photography is a smokescreen. Most of the silver used in photography is reclaimed. Therefore even if no film were used the loss of the reclaimed silver on the supply side offsets the loss on the demand side. In fact the silver consumed in the production of digital devices and storage media, coupled with the silver used in the digital printing process (photo paper) may actually cause an increase in consumption on a relative basis, as there is little or no reclamation of silver used in these devices and processes.
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