Why isn't the Debt Ceiling and/or Gov't Shutdown causing metals prices to spike, as they did the las
Baley
Posts: 22,660 ✭✭✭✭✭
With the national monuments and parks shut down and federal workers on furlo, isn't anarchy imminent?
Why can't I sell some metal into a giant rally that's not going on right now??
Why can't I sell some metal into a giant rally that's not going on right now??
Liberty: Parent of Science & Industry
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Comments
<< <i>With the national monuments and parks shut down and federal workers on furlo, isn't anarchy imminent? >>
You've been fooled again by the talking heads. It is nothing short of a paid vacation for those on furlogh. Holding back gov. services is just a tool for those that want more money and more power. Unfortunately the more they get the more they have to hold us hostage in the future.
<< <i>Why can't I sell some metal into a giant rally that's not going on right now?? >>
Be patient, a metal rally is hinged on shutting down the talking heads.
"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 knew it would happen.
Because the Rally didn't happen. What drives it is not consistent, eh?
"the more they get the more they have to hold us hostage in the future" Like the debt ceiling raise that's a comin..
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It can't be paid back or balanced or can QE or the debt ceiling raises be stopped if we are overspending. Which is likely to continue. I guess in these times, 'its just managed.'
--Can't this continue on for many decades if managed properly?
When we are truly shut down, then the rally will start.
Enjoy the time to keep loading up. Let them drag this out another 10 years at these prices, I'll keep buying
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
As soon as this is resolved next week, stock market will surge, and PM's will sell off.
Ill be on vac visiting my son at college so I don't give a crap.
Although probably priced in already, janet yellen confirmation, which probably means an extended period of easing, didn't even blip the PM market.
OLD news
<< <i>Because PM's are old news. Nobody wants to buy in , too lose money down the road.
As soon as this is resolved next week, stock market will surge, and PM's will sell off.
Ill be on vac visiting my son at college so I don't give a crap.
Although probably priced in already, janet yellen confirmation, which probably means an extended period of easing, didn't even blip the PM market.
OLD news >>
When "nobody wants to buy in" is exactly when the final major rally starts. There are still retail bulls buying in so additional washout over the next 1-2 years is probably needed. The paper gold market is being sacrificed so the physical metal can be redistributed accordingly. The short term machinations in the SM, debt ceiling, Yellen, etc is all noise that the talking heads get to spin to keep the sheeple always on the wrong step. Gold has its own plan and it's following that regardless of all the noise...even if $1100 gold comes before $1500. The real game in PM's is who is hoarding all the physical. Once the paper PM markets are exposed as shams, the price of physical PMs will recover lost ground very quickly. The most logical reason is that the Chinese are being allowed to load up on cheap physical while they pare down on more risky TBonds....this in preparation to being a major stakeholder at the next major world currency(s) reset. The Chinese CB has been buying gold to the tune of 500-1000 tonnes for the past 4 years to get properly positioned. That supply had to come from somewhere (ie the sheeple).
This!
The most logical reason is that the Chinese are being allowed to load up on cheap physical while they pare down on more risky TBonds....this in preparation to being a major stakeholder at the next major world currency(s) reset.
And This!
I'm not aware of too many instances when the Chinese have been known to act on a whim. We (and they) already know the outcome of the "budget negotiations" and it won't have anything to do with living on a budget or meeting our debt obligations. The Chinese aren't fools enough to keep buying our debt when it's obviously being repudiated in real time.
I knew it would happen.
Knowledge is the enemy of fear
A definitive insight as to the main reason for owning precious metals. A bit stark perhaps, but definitive nonetheless.
I knew it would happen.
Maybe this time people remembered that it's all just a show.
If I'm reading RR, DerryB , Cohodk and a few of you guys the right way, that is the short of it. So hold your position and add to as much as possible without being stupid. Some guys have more ammunition that will probably NEVER be fired. Why ? And the RUN UP in "lead" was another scare tactic, in my opinion.
<< <i>Beat's me. We should be eating our pets and babies by now. But then again 17% on "paid" vacation is hardly a shutdown. If anything it shows what's non-essential. >>
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If the GOVT is going to pay them when they come back,,,,,,, and I know that they will,,,,,,,,,, WHY even send them home in the first place?????
GrandAm
<< <i>The government and monetary policies do not dictate the price of gold. Our debt did that , and foreign debtors are getting paid back at a price being dictated by the world market, not our stock market or our policies.
If I'm reading RR, DerryB , Cohodk and a few of you guys the right way, that is the short of it. So hold your position and add to as much as possible without being stupid. Some guys have more ammunition that will probably NEVER be fired. Why ? And the RUN UP in "lead" was another scare tactic, in my opinion. >>
Policy dictates dollar value. Dollar value currently determines gold value (think "how many dollars will my gold buy?"). My long term expectations in gold (and silver) are based on policy that is destroying the dollar. This destruction will accelerate as world acceptance/view of the dollar deteriorates and drastically affects the US dollar's "world reserve currency" status. Delays in dollar destruction will result from the accompanying destruction of competing currencies. The entire civilized world is working the printing presses. To keep the dollar at the top of the list of declining currencies, the FED is indirectly forcing world central banks to play the same game. Its a no-win situation for users of these currencies and long term individual financial survival dictates conversion of a failiing currency into something that has proven to hold relative value. History shows that to be precious metals. I am confident that gold's pull back from it's all time highs is nothing more than a pull back in dollar destruction fear that was a result of the FED's ability to make it's currency crisis a world-wide currency crisis. Currency problem has not been fixed, only shared. The water will boil again and there's now less ice to throw into it.
Domestic demand for dollars will not decline as long as it is the only method to conduct internal transactions. It is the declining international demand for dollars that threatens its reserve status as more nations find other vehicles with which to conduct international transactions. This reduction in international demand also threatens the international buying of US soverign debt. This makes the parallel destruction of competing currencies a goal of the US FED. This in turn ensures PM demand to be a world-wide event.
"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>Because PM's are old news. Nobody wants to buy in , too lose money down the road.
As soon as this is resolved next week, stock market will surge, and PM's will sell off.
Ill be on vac visiting my son at college so I don't give a crap.
Although probably priced in already, janet yellen confirmation, which probably means an extended period of easing, didn't even blip the PM market.
OLD news >>
Good call, Dow Jones 450 points higher since your post, gold down $30.
Knowledge is the enemy of fear
<< <i>Because everyone except a few conspiracy nuts and manipulation theorists know the antics of Washington is merely a show of self fellacio. >>
LOL......great post!!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>Has anyone on these boards been personally affected by the "shutdown"? If it werent for the news I wouldnt have know the Govt was "closed". >>
Nope. They haven't shut down the airways as of yet.
I reckon the monuments and such were Barry-caded so as to create an illusion of a "shutdown" cuz they knew most wouldn't feel it. It's all fear-based for the free-based crowd.
"US Treasury bonds underpin the world's financial system, setting interest rates and acting as collateral for pretty much the entire planet." - Adrian Ash. Until this changes, and it is changing, PMs will continue to coil like a spring seeking release. The further that spring compresses, the higher it will release. US Treasury bonds hold the future for the US dollar and the future of PMs is in the hands of the US dollar. One who is contemplating PM ownership, new or existing, must follow the bond market and correctly predict the future of US dollar.
"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>One who is contemplating PM ownership, new or existing, must follow the bond market and correctly predict the future of US dollar. >>