Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
<< <i>OMG this must mean it will never have a losing day ever, ever again!
>>
Of course. But today's day is similar to what we saw last July/August/Sept. It's ok to give credit to a massively strong up day after such a long beating. Take a look at these charts.
FWIW, spoke with my old shop this afternoon, and they have done a ton of business AFTER the Splurge!
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
<< <i>FWIW, spoke with my old shop this afternoon, and they have done a ton of business AFTER the Splurge! >>
Were customers mostly buying or selling? >>
Buying.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Ithinkit might be Obama's speech. If we start taxing rich people as much as poor people it will be inflationary since it willjust increase the amount they need to steal.
Ithinkit might be Obama's speech. If we start taxing rich people as much as poor people it will be inflationary since it willjust increase the amount they need to steal.
I think I won't use a smilie face this time. >>
Please do not inject politics into the boards.
Check the time of his address, the time of the Fed announcement, and the time of the spike in gold, then decide which caused the spike.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
So...what's the game here........buy low, sell high. Can a guy do that on every high and low point and make gains that way. Or is that not the way to do it with kitco?
The more qualities observed in a coin, the more desirable that coin becomes!
<< <i>So...what's the game here........buy low, sell high. Can a guy do that on every high and low point and make gains that way. Or is that not the way to do it with kitco? >>
Exactly how you do it with a kitco pool account. The only reason to have a paper account.
<< <i> Please do not inject politics into the boards. >>
I should respond in a PM perhaps but just so there's no misunderstanding the statement was not intended politically.
The president of the United States proposed to tax the wealthy as much as the middle class. No matter what politics you have this would affect wealthy people. I was only half joking that it might cause an increase in metals prices.
<< <i>So...what's the game here........buy low, sell high. Can a guy do that on every high and low point and make gains that way. Or is that not the way to do it with kitco? >>
Exactly how you do it with a kitco pool account. The only reason to have a paper account. >>
Thank you and my only loss will be the 8.98 charge for every transaction?
The more qualities observed in a coin, the more desirable that coin becomes!
<< <i>So...what's the game here........buy low, sell high. Can a guy do that on every high and low point and make gains that way. Or is that not the way to do it with kitco? >>
Exactly how you do it with a kitco pool account. The only reason to have a paper account. >>
Thank you and my only loss will be the 8.98 charge for every transaction? >>
Keep in mind that if Kitco goes belly up you loose everything...
<< <i>So...what's the game here........buy low, sell high. Can a guy do that on every high and low point and make gains that way. Or is that not the way to do it with kitco? >>
Exactly how you do it with a kitco pool account. The only reason to have a paper account. >>
Thank you and my only loss will be the 8.98 charge for every transaction? >>
Kitco pool account fees are based on spread between buy price and sell price. No flat fee for trades like a brokerage account.
i'm still a little confused that many if not all (over the web) were anticipating a flat to modest gold year are all of a sudden on another tear to $2000+
didn't the Fed made an announcement last year the they were keeping rates low at least another two years? why does yesterday's mention spark a renewed fever? is it just currency hedge funds playing $USD weakness again and then sell back out when the dollar shows some life?
i know from reading RR's post that mining stocks were on a tear...why now and not before?
gold shares were underperforming with a solid suggestion from him that the growth in ETF's has hurt gold shares. what has changed now?
i read some of Sinclair's email blast and get most of it...again why now?
<< <i>i'm still a little confused that many if not all (over the web) were anticipating a flat to modest gold year are all of a sudden on another tear to $2000+
didn't the Fed made an announcement last year the they were keeping rates low at least another two years? why does yesterday's mention spark a renewed fever? is it just currency hedge funds playing $USD weakness again and then sell back out when the dollar shows some life?
i know from reading RR's post that mining stocks were on a tear...why now and not before?
gold shares were underperforming with a solid suggestion from him that the growth in ETF's has hurt gold shares. what has changed now?
i read some of Sinclair's email blast and get most of it...again why now? >>
Easy money until at least late 2014. That probably actually means longer. Being said and being insinuated are a little different. There is plenty of chatter on QE3 as well. I think they were actually telegraphing this yesterday. It will be denied for now until it isn't. MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Exactly. All that free money from the Fed given to the banks either goes into stocks, treasuries or PMs for 3 years and counting, inflating the bubbles even more til they pop. When the DOW hits 14K will it pop like it did in 08 or continue soaring. Are we any better off with $3-4 trillion added to the debt since 08. What about the $16 Trillion 16 Trillion Scrow down to page 131 the fed managed to hand out also since 08. Ask yourself what are the consequences of such actions.
But as mentioned above, a one-time limited GAO audit of the Federal Reserve that was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act covered an even broader time period and revealed even more bailout loans.
According to the GAO audit, $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010. The following list of firms and the amount of money that they received was taken directly from page 131 of the GAO audit report....
Citigroup - $2.513 trillion Morgan Stanley - $2.041 trillion Merrill Lynch - $1.949 trillion Bank of America - $1.344 trillion Barclays PLC - $868 billion Bear Sterns - $853 billion Goldman Sachs - $814 billion Royal Bank of Scotland - $541 billion JP Morgan Chase - $391 billion Deutsche Bank - $354 billion UBS - $287 billion Credit Suisse - $262 billion Lehman Brothers - $183 billion Bank of Scotland - $181 billion BNP Paribas - $175 billion Wells Fargo - $159 billion Dexia - $159 billion Wachovia - $142 billion Dresdner Bank - $135 billion Societe Generale - $124 billion "All Other Borrowers" - $2.639 trillion
This report was made available to all the members of Congress, but most of them have been totally silent about it. One of the only members of Congress that has said something has been U.S. Senator Bernie Sanders.
<< <i>So...what's the game here........buy low, sell high. Can a guy do that on every high and low point and make gains that way. Or is that not the way to do it with kitco? >>
Exactly how you do it with a kitco pool account. The only reason to have a paper account. >>
Thank you and my only loss will be the 8.98 charge for every transaction? >>
Keep in mind that if Kitco goes belly up you loose everything... >>
And when was the last time that ever happen? 1929?
The more qualities observed in a coin, the more desirable that coin becomes!
<< <i>So...what's the game here........buy low, sell high. Can a guy do that on every high and low point and make gains that way. Or is that not the way to do it with kitco? >>
Exactly how you do it with a kitco pool account. The only reason to have a paper account. >>
Thank you and my only loss will be the 8.98 charge for every transaction? >>
Keep in mind that if Kitco goes belly up you loose everything... >>
And when was the last time that ever happen? 1929? >>
MF Global was A LOT bigger then Kitco. They are no more. circa 2011. MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Citigroup - $2.513 trillion Morgan Stanley - $2.041 trillion Merrill Lynch - $1.949 trillion Bank of America - $1.344 trillion Barclays PLC - $868 billion Bear Sterns - $853 billion Goldman Sachs - $814 billion Royal Bank of Scotland - $541 billion JP Morgan Chase - $391 billion Deutsche Bank - $354 billion UBS - $287 billion Credit Suisse - $262 billion Lehman Brothers - $183 billion Bank of Scotland - $181 billion BNP Paribas - $175 billion Wells Fargo - $159 billion Dexia - $159 billion Wachovia - $142 billion Dresdner Bank - $135 billion Societe Generale - $124 billion "All Other Borrowers" - $2.639 trillion
>>
According to one source I feel is reliable this $16 TRILL counts loans that were repaid and then taken out again and again....say on a revolving monthly loan. If that's the case the $16 TRILL may be leveraged up a bit from reality.
ttown
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GO GOLD,,, GO GOLD,,, GO GOLD!!!!!
GrandAm
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This is QE-like results without offering QE.
I knew it would happen.
But, easy does it.
–John Adams, 1826
"We're out of bullets!!"
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Worry is the interest you pay on a debt you may not owe.
Give Me Liberty or Give Me Debt
<< <i>OMG this must mean it will never have a losing day ever, ever again!
Of course. But today's day is similar to what we saw last July/August/Sept. It's ok to give credit to a massively strong up day after such a long beating. Take a look at these charts.
Gold, silver, miners and bears....ah ha.
Sounds good to me...but only if there is an additional prize for 2nd place
what's funny is last time i saw spot was on CNBC 7 AM PST, up about $50 since then
Almost everything on my screens today is GREEN
Liberty: Parent of Science & Industry
Box of 20
Aren't you happy?
Liberty: Parent of Science & Industry
<< <i>FWIW, spoke with my old shop this afternoon, and they have done a ton of business AFTER the Splurge! >>
Were customers mostly buying or selling?
Worry is the interest you pay on a debt you may not owe.
<< <i>
<< <i>FWIW, spoke with my old shop this afternoon, and they have done a ton of business AFTER the Splurge! >>
Were customers mostly buying or selling? >>
Buying.
<< <i>Triggered by Fed statement. >>
Ithinkit might be Obama's speech. If we start taxing rich people as much as poor people it will be inflationary since it willjust increase the amount they need to steal.
I think I won't use a smilie face this time.
<< <i>
<< <i>Triggered by Fed statement. >>
Ithinkit might be Obama's speech. If we start taxing rich people as much as poor people it will be inflationary since it willjust increase the amount they need to steal.
I think I won't use a smilie face this time. >>
Please do not inject politics into the boards.
Check the time of his address, the time of the Fed announcement, and the time of the spike in gold, then decide which caused the spike.
By the way, when it comes time to sell, what's the window on pulling the triger? Inside 2 minutes?
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
Box of 20
<< <i>
<< <i>
<< <i>FWIW, spoke with my old shop this afternoon, and they have done a ton of business AFTER the Splurge! >>
Were customers mostly buying or selling? >>
Buying. >>
silver is up a higher % than gold?
are they buying both?
<< <i>
<< <i>
<< <i>
<< <i>FWIW, spoke with my old shop this afternoon, and they have done a ton of business AFTER the Splurge! >>
Were customers mostly buying or selling? >>
Buying. >>
silver is up a higher % than gold?
are they buying both? >>
How high will it need to go before people are lined up to sell it?
Worry is the interest you pay on a debt you may not owe.
Gold 10,000/oz
Silver 100/oz
Then you may see a little selling. But not much.
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
Gold 10,000/oz
Silver 100/oz
Then you may see a little selling. But not much.
Well, I'll respectfully disagree, as I see NO indication that strong resistance at $49 silver and $1920 gold has gone away.
I know I have some ounces for sale at 2% below those prices
Liberty: Parent of Science & Industry
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>So...what's the game here........buy low, sell high. Can a guy do that on every high and low point and make gains that way. Or is that not the way to do it with kitco? >>
Exactly how you do it with a kitco pool account. The only reason to have a paper account.
Give Me Liberty or Give Me Debt
<< <i>
Please do not inject politics into the boards. >>
I should respond in a PM perhaps but just so there's no misunderstanding the statement was not intended politically.
The president of the United States proposed to tax the wealthy as much as the middle class. No matter what politics
you have this would affect wealthy people. I was only half joking that it might cause an increase in metals prices.
<< <i>
<< <i>So...what's the game here........buy low, sell high. Can a guy do that on every high and low point and make gains that way. Or is that not the way to do it with kitco? >>
Exactly how you do it with a kitco pool account. The only reason to have a paper account. >>
Thank you and my only loss will be the 8.98 charge for every transaction?
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>
<< <i>
<< <i>So...what's the game here........buy low, sell high. Can a guy do that on every high and low point and make gains that way. Or is that not the way to do it with kitco? >>
Exactly how you do it with a kitco pool account. The only reason to have a paper account. >>
Thank you and my only loss will be the 8.98 charge for every transaction? >>
Keep in mind that if Kitco goes belly up you loose everything...
<< <i>
<< <i>
<< <i>So...what's the game here........buy low, sell high. Can a guy do that on every high and low point and make gains that way. Or is that not the way to do it with kitco? >>
Exactly how you do it with a kitco pool account. The only reason to have a paper account. >>
Thank you and my only loss will be the 8.98 charge for every transaction? >>
Kitco pool account fees are based on spread between buy price and sell price. No flat fee for trades like a brokerage account.
Give Me Liberty or Give Me Debt
Great, just great. And with me trying to find both Au and Ag locally this week.
Who wants to sell me some AGEs or Buffs at last week's prices?
didn't the Fed made an announcement last year the they were keeping rates low at least another two years? why does yesterday's mention spark a renewed fever? is it just currency hedge funds playing $USD weakness again and then sell back out when the dollar shows some life?
i know from reading RR's post that mining stocks were on a tear...why now and not before?
gold shares were underperforming with a solid suggestion from him that the growth in ETF's has hurt gold shares. what has changed now?
i read some of Sinclair's email blast and get most of it...again why now?
<< <i>i'm still a little confused that many if not all (over the web) were anticipating a flat to modest gold year are all of a sudden on another tear to $2000+
didn't the Fed made an announcement last year the they were keeping rates low at least another two years? why does yesterday's mention spark a renewed fever? is it just currency hedge funds playing $USD weakness again and then sell back out when the dollar shows some life?
i know from reading RR's post that mining stocks were on a tear...why now and not before?
gold shares were underperforming with a solid suggestion from him that the growth in ETF's has hurt gold shares. what has changed now?
i read some of Sinclair's email blast and get most of it...again why now? >>
Easy money until at least late 2014. That probably actually means longer. Being said and being insinuated are a little different. There is plenty of chatter on QE3 as well. I think they were actually telegraphing this yesterday. It will be denied for now until it isn't. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
But as mentioned above, a one-time limited GAO audit of the Federal Reserve that was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act covered an even broader time period and revealed even more bailout loans.
According to the GAO audit, $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010. The following list of firms and the amount of money that they received was taken directly from page 131 of the GAO audit report....
Citigroup - $2.513 trillion
Morgan Stanley - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America - $1.344 trillion
Barclays PLC - $868 billion
Bear Sterns - $853 billion
Goldman Sachs - $814 billion
Royal Bank of Scotland - $541 billion
JP Morgan Chase - $391 billion
Deutsche Bank - $354 billion
UBS - $287 billion
Credit Suisse - $262 billion
Lehman Brothers - $183 billion
Bank of Scotland - $181 billion
BNP Paribas - $175 billion
Wells Fargo - $159 billion
Dexia - $159 billion
Wachovia - $142 billion
Dresdner Bank - $135 billion
Societe Generale - $124 billion
"All Other Borrowers" - $2.639 trillion
This report was made available to all the members of Congress, but most of them have been totally silent about it. One of the only members of Congress that has said something has been U.S. Senator Bernie Sanders.
Source
Box of 20
Liberty: Parent of Science & Industry
<< <i>
<< <i>
<< <i>
<< <i>So...what's the game here........buy low, sell high. Can a guy do that on every high and low point and make gains that way. Or is that not the way to do it with kitco? >>
Exactly how you do it with a kitco pool account. The only reason to have a paper account. >>
Thank you and my only loss will be the 8.98 charge for every transaction? >>
Keep in mind that if Kitco goes belly up you loose everything... >>
And when was the last time that ever happen? 1929?
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>
<< <i>
<< <i>
<< <i>
<< <i>So...what's the game here........buy low, sell high. Can a guy do that on every high and low point and make gains that way. Or is that not the way to do it with kitco? >>
Exactly how you do it with a kitco pool account. The only reason to have a paper account. >>
Thank you and my only loss will be the 8.98 charge for every transaction? >>
Keep in mind that if Kitco goes belly up you loose everything... >>
And when was the last time that ever happen? 1929? >>
MF Global was A LOT bigger then Kitco. They are no more. circa 2011. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
Citigroup - $2.513 trillion
Morgan Stanley - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America - $1.344 trillion
Barclays PLC - $868 billion
Bear Sterns - $853 billion
Goldman Sachs - $814 billion
Royal Bank of Scotland - $541 billion
JP Morgan Chase - $391 billion
Deutsche Bank - $354 billion
UBS - $287 billion
Credit Suisse - $262 billion
Lehman Brothers - $183 billion
Bank of Scotland - $181 billion
BNP Paribas - $175 billion
Wells Fargo - $159 billion
Dexia - $159 billion
Wachovia - $142 billion
Dresdner Bank - $135 billion
Societe Generale - $124 billion
"All Other Borrowers" - $2.639 trillion
>>
According to one source I feel is reliable this $16 TRILL counts loans that were repaid and then taken out again and again....say on a revolving monthly loan.
If that's the case the $16 TRILL may be leveraged up a bit from reality.