Anyone notice?
cladking
Posts: 28,658 ✭✭✭✭✭
Silver moves have been taking place overseas and then staying flat in US trading.
The manipulation is failing dramatically.
Paradigm shifts can take place for years before anyone even notices and this goes double when there are people who make a profit by maintaining the status quo. Gold should have exploded when LTCM imploded and silver should have gained relative to it. LME would not have defaulted on nickel without these financial shenanigans.
Labor simply isn't worth what we pay for it creating the mess we have and no overseer is worth many multiples of labor creating the wealth disparity. No CEO anywhere has ever been worth tens of thousands of ounces of gold. Nobody worth their weight in gold even deserves that much and most CEO's aren't even worth that!
Comments
Transfer of wealth ring a bell?
Manipulation? Blasphemy.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The low cost of materials and the exceedingly low taxes on income is why it has been profitable to CEO's to use the tactic of producing garbage and exceedingly poor quality product (like chickens pumped full of water). They grow rich as resources are mined out of the earth and bulldozed right back into it as garbage. We all grow poorer except those who profit from waste and destruction.
Pendulums swing too far. And sometimes we find they have been describing a different pattern than we had believed so everything shifts.
One of these days we might see the real change take place in US trading.
Just be careful since bonds have been in a bubble for a long time. It's hard to see it since they tend to go up when the market is down but they've been tracking the overall economy and they really don't mind bad news.
Gold tells the full story. It is the canary in the coal gold mine.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
People are coming to believe our leaders are willing to print any amount of money and risk monetary and structural economic collapse. The printing of money started the ball rolling but the continuing policies are causing the acceleration. There was already extreme pent up price pressure on gold but that pressure was held in check by two things; primarily that the role of gold as money is believed by fewer and fewer individuals. Secondarily the PPE and the banks manipulate gold and stock prices to prop up the flow of money into the inefficiency and the control of government.
It's psychology that drives all markets and demographics that drive psychology. If more people come to fear the effects of the virus then gold could run well past the $2500 cap which the government hopes to impose.
I speak of a paradigm shift not because so many younger people might or could begin buying gold but because silver is dramatically undervalued vis a vis gold. It exists nowhere in extremely large amounts and even the ocean concentrations are only about double gold. But more importantly it is needed to maintain the modern economy and its production is sharply lower and the demand sharply higher. If people looked dispassionately at the relative valuations they would see that silver is far too low relative to gold.
I believe it might be this time that this changes. I believe it because the fundamentals of silver have grown far beyond gold and a run could prove very difficult to stop.
Of course there are millions of people who will sell when their price is reached but if demand persists and the psychology changes then silver could still blow right by anyone's expectations. It's a new world out there. Be careful.
Silverseek has some interesting numbers up right now. They say there are 2.5 billion ounces of gold available for investors and 2.7 billion ounces of silver.
Of course they finagled these numbers somewhat and if silver got high enough museums would even be selling artefacts for melt but their point is valid; not only is silver hardly more "common" than gold but there are no large holdings of it as there are with gold. Gold will be sold in massive quantities by central banks, Russia, etc if the price gets attractive enough but there are no such holdings of silver.
Hence; paradigm shift.
paradigm shift
Suits me fine. I'm game.
I knew it would happen.
What? Silver has been pretty much rising daily during all market hours. It gained a buck today alone during US market hours. Same thing happened Tuesday.
The whole worlds off its rocker, buy Gold™.
@cladking said:
Silver moves have been taking place overseas and then staying flat in US trading.
us metals markets are closed only 30 minutes each day.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Actually, it's 45 minutes. The market is closed from 5:15 PM Eastern Time to 6:00 PM Eastern time when it reopens (6:00 PM in the US is morning the next day when the Asian markets open). Of course, it's closed on weekends from 5:15 PM on Friday until 6:00 PM on Sunday which is Monday morning in the Asia where the market reopens.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I've been following the silver market since 1962 and wasn't aware of this.
After a protracted period of silver doing better while it was daytime in the US, now it is doing better at night. In any case the new demand might be coming largely from overseas.
I stand corrected, finally not by a troll. lol
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Haha, the first correction doesn't make him a troll? Only after countless repeated corrections of you over the years is someone "troll"?
Classic.
Good of you to admit it.
"Baby steps" lmao 🤣
Liberty: Parent of Science & Industry
My trolls, as you have demonstrated, are those who on numerous occasions follow my posts with a post about me instead of a post about the topic of discussion.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
There certainly is a troll amongst us. By the way like your new avatar much better than that creepy bald head one you were using previously.
The whole worlds off its rocker, buy Gold™.
No, they most often post not about you, but, rather, about the hyperbolic words you have written.
A post about you would point out your repeated failure to understand the distinction.
Liberty: Parent of Science & Industry
BOGO! Two for the price of one. Where's Socrates?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Heh, beaten with logic and therefore deflect and change the subject?
Probably time for a cartoon 😂
Liberty: Parent of Science & Industry
Looks like our resident troll turned into a Friday night leprechaun. Bongo!
The whole worlds off its rocker, buy Gold™.
.....chickens pumped full of water............
That's worth the price of admission.
It's disgusting.
They pump them full of sodium tripolyphosphate and water. Without this chemical that has never been even tested on humans the water would fall right back out. With it the water stays and makes the chicken difficult to cook and allows the producer to sell water for $1 or 2 a pound. Of course all that steam in the air makes the air conditioning work harder. The total cost exceeds the money stolen by the producer but he pockets the gain anyway.
The chemical is imported from China and is 99% pure. Who knows what else is in it?
This is what soaks the 2 lb diaper on which they place chickens for sale. Between the diaper and the water there's only about 60% chicken in that package.
If you saw what they (force) feed them now days you might want to eat something else anyway.
Interesting because in my many travels to china it was obvious how much smaller processed chickens were there. They neither pump them up with water or feed them the tripolyphosphate. Much more natural and chicken meat that actually tastes like chicken. Leave it to 'Merica to over process everything for another $$$ buck. Glad I raise my own.
The whole worlds off its rocker, buy Gold™.
I was of the belief that the chickens were being pumped up with antibiotics and hormones. Maybe that is older news.
Re: chicken
Are you blaming the producers who do all that "wrong"?
Or the consumers who prefer big, light, juicy, tender, and safe chicken meat to
Small, dry, gamey, tough and stringy fowl that gives them salmonella?
Liberty: Parent of Science & Industry
Because that would be just like blaming the mint for churning out millions of ASEs every year instead of a couple dozen cracked-die quarters that circulated for 100 years before surviving and still existing another 100 years in About Good.
Liberty: Parent of Science & Industry
Instead blame the silly metals buyers who prefer to purchase thousands of essentialy identical modern mass-produced trinkets rather than a few hard-to-find but real, old, wholesome, handcrafted and honestly circulated relics of early American history?
Liberty: Parent of Science & Industry
Where is the: WTH you talking about button?
How dare you say something positive about China. According to our own Socrates (subsequently removed by him but captured in one of my quotes of him):
"Honestly, i take great offense, no, massive and tremendous offense when folk speak disparagingly of this great nation. Especially when they speak favorably of Iran, China, Russia. These people are not patriots, and im embarrassed to call them fellow Americans."
Now you're on his list. Welcome
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I didn't say anything nice about China, I simply stated they didn't pump their chickens full of crap like we do here. Big difference between that and your continuous rooting for Russia.
Now back on topic, I think silver will continue it's rise during US trading.
The whole worlds off its rocker, buy Gold™.
Where is the: WTH you talking about button?
Post of the day!
I knew it would happen.
your continuous rooting for Russia
Looking for that WTH you talking about button................................
I knew it would happen.
Hawks ate my neighbors organic chickens. Back to the drawing board.
100% Positive BST transactions
Oh, Silver, That's right......Remember there are hundreds of "Paper" ounces of Gold/Silver out there for every ounce ready for delivery. The Fat lady is warming up for her opening song.
100% Positive BST transactions
Yes, hawks are certainly an issue. My girls are smart and vigilant but everyone seems to love chicken. All things considered the do very well.
The whole worlds off its rocker, buy Gold™.
Liberty: Parent of Science & Industry
"Silver moves have been taking place overseas and then staying flat in US trading."
Not sure what you consider flat.....
@cladking Well said sir!
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Thank you. People just don't seem to notice that there is nobody on our side any longer and this is part of the reason I expect a paradigm shift in the perception of the value of silver. I like gold as a store of value and especially as insurance against hard times but gold is largely obsolete as money and even as a store of value there are large numbers who prefer bonds, cash, or stock and will continue to prefer them no matter how badly they might get burned on them. In a real way gold really is a barbarous relic despite its glitter and great value.
But silver is "nearly" as rare and is a bet on the little man and his genius. One doesn't need to see an historic role of silver as a store of value like gold because those days are fading away fast. This is a new age, an electronic age and an age of new thinking and new materials and silver will play an increasing role.
Gold is held in store for the public but is distributed and "spent" by those who believe the rich and powerful are more important and better equipped to the task of having all the wealth and knowing how to maximize profit while destroying products, services, and families.
It's impossible for people to buy up all the gold but they can buy all the silver. Always in the past they have sold when the price gets high enough but this time, more than ever, there won't be anything to buy with the profits so the run can't be as easily capped as in the past. I expect continued physical shortages for some time while the paper silver market blows up.