I think we are moving now, finally as the Weimar did in Germany in the early to mid 1920s, from this inflationary period (In Weimar it lasted over 3 years) to the inevitable deflationary period. The people who felt so good on their sugar high, soon learned to hate their world, as things paniced and collapsed and their imaginary or illusory financial accounts and home values, perished....., reminiscent of the French Revolution where things got brutal and violent and murderous..
I hit ya but you don't have to hit me back.........not important to me.
Just checking in on silver prices.
Yep, the monkeys are playing with the chart, Count. And, I agree w/you. Certainly, we're going to soon see a spike in gold and silver.
Hit me fora follow. I'll do likewise.
Now the new chart is back up
Whoa that's weird........now it went back to what it was all along! Guess i saw a preview of what's coming!
There are only 80 contracts left to fill for Sept:
So that is pretty much done.
But we also have to pay attention to this:
And who knows how high the dollar will continue to go. This is all determined by central banks and interest rates.
The dump today is all due to the dollar. Just look at the chart. Simple to see. Controlled by computer algos. Pure manipulation.
There is no way that I or anybody else can determine what the dollar is going to do.......Except the bankers. They know because they control it.
I am sure they are creating silver futures contracts while it is this low however. And that will come into play next year.
Remember we were told by a poster that silver would be at 60 dollars by the end of the year if I remember correctly. 3 months for the great swami to be correct. We may be nearing a low here. Hard to tell but if the Sept contracts are filled there is no reason for them to smash it. Now it is up to the dollar.
Red, how low is this going to go?
I ask because I don't see a bottom until it gets around its 52 week low?
Kind of funny in a way! I mean, as you so throughly laid out the practically of using actual metals for day to day transactions.
Just like so many issues that we all read and hear about today. Just not practical. Anyone who thinks it is isn't thinking it
through. Your post spells it all out.
Good job. COMMON CENTS!!
You know they have complete control of the metal markets.
So if you think that gold and silver are king how do you spend gold and silver at the grocery store or the gas station.
Please ask yourself these questions:
So when they make gold and silver legal tender......
Do all of the banks start holding gold and silver?
Do all the stores in the US start holding gold and silver?
How do we account for daily price fluctuations when spending gold and silver?
How do you make change for purchases and sales in gold and silver?
Where do all of the businesses and banks get the gold and silver to trade with?
Do the businesses hold gold and silver in a vault on location daily so they can trade with it?
What type of infrastructure is in place to be able to accommodate transactions with gold and silver?
What if you go to a gas station and start pumping gas and then the money vultures SMASH silver by 1 dollar while you are pumping gas? How do we account for that?
Where will the average citizen get gold and silver to transact with?
Who owns all the gold and silver?
Would we have to buy gold and silver from the banks to transact with?
Would the sales of goods and services include the premium price of gold and silver?
How do we save the gold and silver that we are not transacting with? In our houses? In banks? Where will the banks hold the gold?
Will there have to be a new system created beside the existing system for the banks to be able to hold gold and silver and know how much is yours?
How will we hold the banks accountable so we know that they actually have our gold?
Will all of the retailers and banks have to assay the gold and silver prior to exchange to know that the coins are authentic?
Will every transaction have to dye test the metal to see if it is real?
Currency yes Gold and Silver no competition
Impossible for any currency to compete with the dollar.
Hoot of the day? “May” use the dollar nothing is definite
Another BRICS country is going to use the dollar as their local nation currency:
This article sums it up nicely. There is no competition to the dollar. More and more countries are adopting the dollar for trade. But how can that be? That is not what the metal salesmen say is it?
Be careful for the snake oil salesmen
I don't think they are selling a lot....
"Metal salesmen say what they need to say to sell metal. Reality is much different. MUCH! "
I ordered a couple times some silver from a very large company online recently and won't say their name but my orders are getting to me VERY fast. I don't think they are selling a lot.
Isn't this interesting:
Russia can not function without inclusion in SWIFT.
You see, any talk of another currency taking over is impossible. The central banks control the means of currency transfer. If they ban countries from using SWIFT the countries suffer. Russia could not export fertilizer or grain without the use of the dollar system.
There is no system in place or anywhere near in place to replace the dollar or the SWIFT system. What processing payment system is there that can conduct transactions that could replace SWIFT and the dollar? What currency is readily available to use for exchange to replace the dollar? What currency is being held as reserves that could replace the dollar?
Metal salesmen say what they need to say to sell metal. Reality is much different. MUCH!
The SWIFT system and the dollar is the only show in town. There are no alternatives. The dollar and SWIFT are weapons. They are the most powerful weapons on earth. They are used to control people and countries.
The bankers have complete control of all currencies and their issuance. That means they control the value and quantity of all currencies. They also control the currency trading method. Currencies transactions.
Russia understands as they need to use the system simply to exist.
Thanks Red. Can't say I fully understand all of this but would say that the dollar will continue higher!
This will mean silver will go lower!1
The BIS controls all the currencies of the world, including all the currencies the make up the BRICS. Whatever the BIS wants the value of any given currency, they can make that happen. The dollar is the worlds reserve currency.
The dollar is measured by a basket of currencies here:
The central banks always wants the dollar the strongest currency. They manipulate all currencies to make that so. The interest rate on the dollar will always be the highest of all the currencies so they can increase demand in the dollar.
The central banks control the issuance of all currencies (Quantity) and they also control the interest rates of all currencies. (Bonds)
As other currencies weaken (Dictated by the central banks) there is an increase in the demand for the dollar. This is all designed.
As the dollar increases the value of other currencies decreases. (This includes gold and silver)
I have shown you that gold and silver are controlled. By numerous methods. So are all currencies.
The only way that the BRICS currencies will ever take over is if they are allowed to by the central banks that own the world.
And history shows that the central banks have used and are still using the dollar as their tool of world domination.
If the dollar is strengthening it is designed that way. The stronger the dollar the more investment there is in the dollar. As rates increase the more investment there is in US bonds (The dollar)
Try to watch the relationship between the dollar and other currencies including gold and silver. Watch how they behave with each other.
The BIS is the central banks that controls all central banks around the world and the BIS controls the world currencies. They control the quantity and the value of all currencies. The dollar is the king of all currencies and they NEED the dollar to be the currency that is most demanded.
As the dollar increases in value you will continue to see gold and silver fall.
When we see interest rate cuts again in the future, I assure you that the other currencies around the world will have lower rates than the dollar. And that is all planned. The dollar NEEDS a high demand around the world.
Does anybody think that there will be a higher demand for a different currency is the interest rate on the dollar is higher? People put their money where they can make the most. And the same can be said for countries. Other countries around the world want the largest return on their investment. Why would anybody invest in the Yuan or the Rubble when the dollar pays more and is a more sound investment?
There has been no exodus from the dollar. When they say that countries are dumping the dollar that is simply not true. They were selling lower interest bonds and flipping into higher interest bonds. Right now buying the dollar is a smart choice as it is paying so well.
Look at the rates you can make investing in the dollar:
And yet the metal salesmen say the dollar is dying. But they sure are good at selling metal.
The central banks and the corporations that surround the banks own and control the world. Nothing will change unless they dictate it.
Could you give us your best on the recent move of the dollar?
I know, many try and put the fear or doubt in you so you'll buy. Personally, I keep looking at the 52 week low
Can the pps drop back down to $16 /17 range. We know industrial usage is slowing. Over supply with less demand wins?
The wild card if you will could be what congress / administration does at the end of the month. The BRIC countries are undecided.
Much to ponder. I'm waiting for a further drop.
Good luck BTW Dollar is the strongest since early March.
I was looking for a good drop last time and it bounced up, I added to my ZSL when silver went over $24......I watch a few YT people they think something bad is coming....but who knows ?
Definitely in a trading range. Between 22 and 26. Been that way since July of 2020
No doubt the situation is way bigger than just these two individuals.
I'm sure a number of traders will be more cautious going forward.
Are we in a trading range, at the moment?
I could link hundreds of links to bankers that get caught, get fined and sentenced. However that will never stop it from happening. Every now and then they throw someone under the bus to appease the masses. Or perhaps someone was going to whistleblow or they weren't following orders and they get made an example of.
Nothing will change.
Here's video on the BRICS countries. Thought you might find it interesting.
Doesn't look as if they're going to be able to get this think going.
Thanks for the reminder Red. I know SLV AND GLD are connected to the direction of the dollar.
I do wonder what happens if the bankers let this go for a time?
I know you have been following along.
Look at the 5 day chart here:
Look at the week chart here:
The dollar went down from 103.58 to 103.05.......Silver went up.
Then this morning the dollar spiked until 9 am and silver CRASHED at the same time.
They have both leveled out since.
I am sure that they have not started fulfilling Sept contracts yet. They are still moving contracts from Sept to Dec.
Watch the futures volume and watch for SMASHES prior to physical being delivered.
The dollar SLV and GLD are linked. You know this by now. I am surprised you didn't catch this.
China reduced its US Treasury holdings for the third consecutive month in June.
Holdings are now at a 14-year low.
They have cut its treasury holdings by 11% over the past year.
They have added to their gold reserves for nine straight months. $SLV
Is this for real? Are we going to see it move up too much higher levels? Political uncertainty?
I do not believe in the shortage talk. So, what else could make the pps rise? It appears demand with the dealers is high.
Product is starting to go down and "out of stock" is showing up more and more!
Just got my 2023 silver proofs, Morgan / Peace dollars, from San Fran mint. Absolutely stunning!!
Just as I write this it looks like they a smashing it down!
I agree. but, more recent news has been surfacing on this subject. One would have never thought LIV golf could have had such
an impact as it has. The Saudi's could team up with a new administration and change things. I know speculation!
Not impossible, changes would happen fairly quickly under a Saudi / American agreement.
More directly, this movement could scare people and bankers into doing things out of the ordinary. The dealers are all saying sales are doing very well.
since the lock downs. Bankers may be forced into letting the metals run for time.
All the metal bulls just stood up and cheered!!!
I've been hearing about the BRICS countries for ever.
Here is the thing. They can create their own currency. And they can back it with gold.
The bankers will issue the currency AND the bankers control the price of gold. The value of the BRICS currency will only be worth what the bankers allow it to.
The bankers own most of the gold. They are the ones that control the quantity of gold or silver in circulation. The same banks and corporations own the miners.
The banks and corporations control the pricing mechanism of the metals. I have been showing that for years. They control the price of gold and silver.
So what does it matter if a currency is backed with gold and silver if they control the price of gold and silver.
The bankers control the issuance of all currencies. The bankers control the quantity of all currencies including gold and silver. The bankers control the pricing of gold and silver.
So I don't think it matters at all. Whatever the bankers want the bankers will get. They own and control the world.
I agree, all these sales people are singing the same tune. Many dealers claim sales are thru the roof. With silver being the preferred metal.
All the people I personally know have told me they are buying silver / gold. No one I no is selling?
Do you have any thoughts / comments with these bric countries? Seems like they could pull off a portion of trade using their own currency.
Just wondring if you had any thoughts?
I was going to point this article out last week. SLV is featured
Anybody that works selling metals needs to be questioned. Kitco?!?! But there are things I agree with him on. Like in the video he talks about how other metal salesmen talk about countries dumping bonds. Which is an outright lie. That is what metal salesmen do to sell metal. LIE. Countries are selling lower interest bonds and buying higher interest bonds.
There is a much larger supply than we are being told. There is less demand than we are being told.
But they never mention the real pricing mechanism do they? They never mention why silver and gold are trading at the levels they are and not much higher.
And people don't question why silver is only at 23 dollars an ounce. Seriously. 23.
How can that be? They will never tell that SLV and GLD are the pricing mechanism. They are all liars.
If you have followed my posts you'll see I mentioned he missed the biggest reason for this excess supply.
The proof is in the pps. Going down.
If you believe Jeff Christian. I have a bridge to sell you
A year ago I believed this guy. But the real facts are stated in this article and not full of WHAT IF'S
The EV industry is in the toilet, solar?? supply is abundant. Both of these industries use large amounts of silver. Just look around all the dealers have excess supply.
One needs to wait this out and not fall for the false claims and "IF'S"
This article talks facts
U.S. Labor Department said that weekly jobless claims fell by 11,000 to 239,000, down from the previous week's revised estimate of 248,000 claims. $SLV
Continuing jobless claims, which represent the number of people already receiving benefits, were at 1.716 million during the week ending Aug. 5 rising by 32,000 from the previous week's revised level.