Gold and silver have exploded overnight ahead of this morning’s ECB Press Conference, with silver blasting through $33, and gold blasting through $1700 nearly to $1715!
A vertical spike is in progress for both metals.
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Gold spiking:
Silver Blasts Through $33, Gold Through $1700
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OHHH and its a NY open SMACK Down, can the east pull them back, yehhhhh, but the Morgue is leveraging the entire country to short silver. The final battle is underway and the suppressors are destroying themselves and everything connected to them in the process. When I Say I’m Buying Silver, What I really mean is I’m Short the U.S.A. The swings are magnificent.
I have a question, Does any other stock, commodity, currency, equity, bond, or anything traded, have the swings in price that silver does on a percentage basis?
Perhaps they’re just waiting for 2013 inventory, but my 2 favorite German bullion dealers are fully out of 1kg silver coins. I liked to use their pricing to get a feel for the silver price, as I bought some in May.
Are these early signs of shortages, a matter of underestimated sales volumes for 2012 at wholesales, or is something larger happening? Typically, they run out when prices drop, when they point to the sky…
Also, premiums on slightly nicer coins such as 9999 Wildlife seems to be dropping. Might be also to get rid of 2012 and somehow charge premiums for 2013 while new.
Let me preface this by saying I’m a pretty staunch silver bull. I have read and see the system now for what it is. But, I however, after looking at silver’s recent 10 year history see that there is a strong possibility that silver still has a sideways feel to it for another season. By season, I am referencing the paper trading hot time between September and May. I foresee the dollar making a move higher due to the euro’s slow motion bed wetting gradually throughout this trading season. I smell a run beyond the $48 previous high coming in the late summer 2013. The fact of the matter is that it’s a bit early to think that silver/gold will be smashing through their highs (cartel machinations or not Ranting Andy) based on silver’s 10 year track record. Most likely outcome is a wafting higher of silver to the $45 level between now and May 13′ along with the dollar. Yep, somehow $USD in all it’s parasitic forms are still beloved by the scared of the world.
Believe it or not, we’re always way ahead of what problems created now WILL lead to long before they manifest. Yes, it’s prudent to have metal in your possession. Yes, you’ll benefit more long term from that metal in silver form than gold. We do however need to see the forest for the trees, and screaming the sky is falling on an ongoing basis tends to numb even those listening intently. Ultimately there is a clear indication that there is a tectonic shift in the monetary landscape in place, remember however that it all comes in waves and even though most of us wish it to get on with what we see as inevitable, patience is the order of the day.
Remember, the ultimate goal is a one world currency and government. Everything to the contrary is sac relig for TPTB. Clearly, an enormous part of that engineered paradigm is stunting all opposing currencies of which gold and silver are two (beware the fragility of bitcoin). If not by will, which is the first and most favored option, then by force, which is an expected 2nd option that has clearly not been discounted.
“Remember, the ultimate goal is a one world currency and government.”
Absolutely… and we know from the European experiment that this will work wonderfully well.
Now silver’s price dropped at 32$ per ounce. That’s about 1$ lose in one day! Amazing how silver is volatile!
I am noticing that every smack down lately has been followed by an even higher price spike. The cartel will run out of the ability to keep it suppressed and when they do it is going to go vertical.
I know the price is often raisen in Asian hours (not this night), but who else are setting it higher? The amounts of moneys flushing around in silver money are supposed to be like 100-fold the silver available in vaults. Who’s holding the longs, if not the evil banksters themselves?