Gold at $25000. Silver at $600.

AUL LAD said:
bring them all Declan as they would be a lovely sight in the bright sunshine only available high in the Dublin mountains --i know a spot where no one would bother us --yo-- they would be safe --i promise .
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Will I bring a picnic basket.
 
To nobodies great surprise, there is and will be a huge selling of paper contracts now.

People can just write up a paper contract in unlimited numbers and this works until such time that the physical supply is bought up.

It will be a few days on the downside here.
 
Declan said:
To nobodies great surprise, there is and will be a huge selling of paper contracts now.

People can just write up a paper contract in unlimited numbers and this works until such time that the physical supply is bought up.

It will be a few days on the downside here.
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Which is why the Shanghai prices are the real prices.
 
AUL LAD said:
bring them all Declan as they would be a lovely sight in the bright sunshine only available high in the Dublin mountains --i know a spot where no one would bother us --yo-- they would be safe --i promise .
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this was my attempt at humor but it seems its misunderstood .
 
AUL LAD said:
this was my attempt at humor but it seems its misunderstood .
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No. I got it, so I replied that I would be daft enough to bring the picknip basket.
 
A bit of a clawback in the gold price. The employment numbers Friday might move it.
 
Two nasty days and silver is back to $24.50.

Everything is pointing now to the impending recession and maybe the big mover will be the employment report on Friday
 
Silver is driven down to a floor of 22 dollars today and everything g gets rocked and the dollars strengthens big time. We shall see if it holds.
 
Silver needs a touch of market panic here.
 
Declan said:
Onward and upward. I am " in the money" above 50 and am coining it.
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I would not tell anyone i had metal -- there are those who have loads of useless cash and the only thing they would kill for is a stash of metal.
 
Declan said:
I have plenty in Ireland as well.
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A few years ago, about the 1980s, every house in Louth Meath and North Dublin was burgled for the cutlery.

These were swanky farmers etc and had loads of silver tableware. Table ware is sterling silver which contains
about 7% copper and the rest silver easily extracted. So if someone has metal about the place it would want to have it well hidden. Meanwhile if you kick the bucket who will know where it is.
 
valamhic said:
A few years ago, about the 1980s, every house in Louth Meath and North Dublin was burgled for the cutlery.

These were swanky farmers etc and had loads of silver tableware. Table ware is sterling silver which contains
about 7% copper and the rest silver easily extracted. So if someone has metal about the place it would want to have it well hidden. Meanwhile if you kick the bucket who will know where it is.
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Make the bucket out of silver !
 
That is interesting.
On a day when the price is looking like breaking up, they come in an sell huge numbers of contracts, and the longs get beat.

Then you have hordes of people that need cash and they are forced to sell their stash.

So, it will not rise til it is depleted in supy, then ofcourse it rockets.

The other blastoff moment will be a failed bond auction. That day is not long away asthedebt rises and the interest rates rise.
 
And without fanfare, gold is just about at it's highest.

It will likely break to the upside here.

The huge money will be made in silver.
 
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Gold is on its way to the stars. It will soon be 10 times the price I bought at. It will ne like butcoun and go to $100000 an ounce.


But it is silver that isthe buy of a lifetime here ar 24.50 dollars.
 
Declan said:
I am not one to gloat but I feel happy as gold has set an all time high after rising an astonishing 35 dollars today.

I am sending some money to an irish patriot in celebration.

Who deserves it most.

Suggestions please.
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You did not tell him where to stick it?
 
Seems like the plan is to keep silver under 25. I don't see it going over this year anyway
 
If ever the effort of keeping a cap on silver was evident, it certainly is now.

When it neared $25, it got hammered this morning.
 
Declan said:
If ever the effort of keeping a cap on silver was evident, it certainly is now.

When it neared $25, it got hammered this morning.
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too much at stake for the ev and green energy business. They need cheap silver. It won't be allowed to take off
 
PlunkettsGhost said:
too much at stake for the ev and green energy business. They need cheap silver. It won't be allowed to take off
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That is also a consideration. The green dream is buckling at the knees and needs to avoid another blow.

But at the end ofthe day, they can keep it suppressed until the physical is gone, then it is over.
 
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Gold breaks $2200 and things are heating up.
 
Gold at another new high of $2240 but silver still beaten down.

Buy silver now.
 
Gold is looking good at the open in Asia so I expect it to break $2300 this week.

How long silver can be kept down, remains to be seen.
 
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Declan said:
How long silver can be kept down, remains to be seen.
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This will likely not move until the US initiates a massive deflationary policy to hold onto dollar hegemony and retain some value to the currency for foreign investors. This will of course be the end stage for the dollar. Hyperinflation will be precede this as the system attempts to protect the asseted classes , but will not move silver.

It will be the flight to hard assets brought on by the US attempting to deflate value back into the dollar to preserve Empire, destroying paper assets and paper wealth, that will see silver reach new highs. Many years off perhaps.
 
I expect renters to just stop paying rent in droves, this Spring. I see the new thing seems to be squatting.
 
Interest rates are going up, not down.
 
It is rocky today, sureenough.
 
Fishalt said:
I've been hearing you metal bugs talk like this for twenty years!

Well, you've got to be right eventually.
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Looks like eventually was a full year later. Very large volume of contracts as TPTB try to hold it below $25 and fail.

This is it or I will eat my hat.
 
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