Tag Archives: gold

Silver Crashes from $48 to $36 in One Week

Zero Hedge – CME Margin Hike Is 4th AND 5th – Charting The Parabolic Rise In CME Silver Margin Hikes Remember when earlier we said the CME had hiked silver margins for the 4th time in 8 days? We lied. … Continue reading

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iTulip on April 29: Time To Sell Silver

iTulip – Catch a falling silver knife – Notes on EJ’s April 29 silver sell call: Five reasons why EJ sold silver on April 29 after waiting 10 years: Reason #1: The Gold/Silver ratio hit 32, near the all time … Continue reading

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Mexico buys 100 tonnes of gold, which cannot be made into delicious tortillas

Zero Hedge – Portuguese Gold Sale Urged By Senior German Lawmakers As Mexican Central Bank Buys 100 Tonnes Previously – U of Texas Buys $1 Billion of Inedible Yellow Metal

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Gold at $1,563; Silver Breaks $48, $49, $50; Dollar Down to $73

Silver climbed as high as $50 before closing the week at $47.94. A couple things happened to drive down the silver price. Tuesday was options expiration, so the price was beaten down by shorts. Second, the CME raised margin requirements … Continue reading

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FOFOA on Hyperinflation, Deflation, Gold, Real Estate

I’ve read FOFOA (Friend of Friend of Another) the past few years. I’ve occasionally liked things he’s written, but I’ve often come away confused by his writings. I’m not sure if that’s because he’s unclear in his writing, or if … Continue reading

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APMEX Offers to Buy Gold and Silver *Above* Spot Price

Gold and silver dealers sell above spot price to make money. With recent shortages, APMEX is offering to buy one ounce gold and silver coins above spot: Over the past hour Zero Hedge has been inundated with reader comments notifying … Continue reading

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Silver Takes Out $46, $47; How and Where to Buy Physical Silver and Gold

More gains in just a few days. Silver’s up 10% in a week. Numbers are for Friday’s close. Another sign of the metals rush – I’m getting emails and Facebook messages from friends asking me about buying silver and gold. … Continue reading

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Gold Takes Out $1500; Silver Takes Out $44, $45

Silver returns surpass Apple Computer returns. Reminder: Gold and Silver Option Expiration for May Is Next Tuesday – Don’t get spooked by a dip between now and then. Rumor: China To Revalue Yuan 10% This Weekend? – Something else that … Continue reading

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This Could Explain the Massive Silver Run-up in the Last Two Weeks

Washington Post – Obama administration officials tried to keep S&P rating at ‘stable’: The Obama administration privately urged Standard & Poor’s in recent weeks not to lower its outlook on the United States – a suggestion the ratings agency ignored … Continue reading

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Too Much Debt

Zero Hedge – The Breakdown Draws Near: There are two entirely, completely, utterly different narratives at play here. One of them is that the economy is recovering, policies are working, and the vaunted consumer is either back in the game … Continue reading

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U of Texas Buys $1 Billion of Inedible Yellow Metal

Zero Hedge – A Golden Tipping Point: University of Texas Takes Delivery Of $1 Billion In Physical Gold: The fund, whose $19.9 billion in assets ranked it behind Harvard University’s endowment as of August, according to the National Association of … Continue reading

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New Gold and Silver Records; Silver Takes Out $42, $43

Gold closed the week at $1486.40 and hit all-time nominal highs. Silver hit new nominal highs compared to 1980. The consensus seems to be that silver will hit $50 this year, possibly as early as this summer. Previously -Gold hits … Continue reading

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Gold hits record; Silver takes out $38, $39, $40, $41

It was a good week for precious metals. This week gold hit at an all-time nominal high of $1476.20. Silver opened Monday below $38 and closed Friday at $40.97. In between it touched $41.03. That’s the highest silver price since … Continue reading

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Gaddafi has gold hoard. Someone should tell him it’s inedible.

Financial Times – Gold key to financing Gaddafi struggle: The international community has hit Muammer Gaddafi with a raft of sanctions and asset freezes aimed at cutting off his funding. But the embattled Libyan leader is sitting on a pot … Continue reading

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Printing money to pay for unsustainable spending is bad, mkay?

Business Insider – 10 Hyperinflation Horror Stories Of The 20th Century: Yugoslavia (1989 – 1994) – “At its worst the bank was printing dinars denominations as high as 500 billion.” China (1948 – 1949) – “China’s Yuan Dynasty funded its … Continue reading

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Iran accumulating gold, which is odd since you can’t eat it

Secret Iran Gold Holdings Leaked: Tehran Holds Same Amount Of Gold As United Kingdom, And Is Buying More: “Market observers believe Tehran has been one of the biggest buyers of bullion over the past decade after China, Russia and India, … Continue reading

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Silver, Y’all (and why I don’t own the GLD and SLV ETFs)

If you’re curious about silver as in investment, watch this Eric Sprott video. I agree with pretty much everything he says, including not worrying too much about diversification. I’m positive that silver and gold are going up, based on the … Continue reading

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Gold and Silver, Y’all

Silver finally pushed through $31 last week. This morning silver is at $33.46. In other news, gold breached $1,400. It’s hard to know how much you read is real and how much is smack, but it looks like the silver … Continue reading

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Printing Money: What Could Possiblie Go Wrong?

Mark Deninger: Now this ought to lead to some handcuffs: IRISH BANKS are issuing bonds to themselves under the Government guarantee to borrow cheaply from the European Central Bank and to avoid drawing more heavily on emergency lending from the … Continue reading

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Gold and Silver, Y’all

Silver Closes Well Above $30 As The Dip Is Now Fully Bought It looks like the much maligned correction in silver is over. After surging nearly 3% on the day, silver is now back above the 20, 50 and 100 … Continue reading

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