by the light of the silvery moon...

[Hawkeye1819]

but the FIAT system is creating a lot of trouble, isn't it? :o:o:o

Its the central bank serving the political causes of their masters that are causing the trouble. The welfare system in Europe is also broken. All in all, very dismal set of circumstances for the next decade.

 

[zhihau]

All in all, very dismal set of circumstances for the next decade.

it's ok, when another world war breaks out, things will even out nicely

silver price plunging lower than the 52 week low! ho seh liao!

 

[Hawkeye1819]

it's ok, when another world war breaks out, things will even out nicely

silver price plunging lower than the 52 week low! ho seh liao!

Falling gold & silver prices are good. I am planning to make it a habit to buy a little physical gold or silver each month. Insurance against all the money printing going on. Hopefully can become family heirloom .... hehehe :-)

 

[zhihau]

Falling gold & silver prices are good

hehehe... waiting for silver prices to drop to USD$5.00 per ounce, possible?

 

[Hawkeye1819]

hehehe... waiting for silver prices to drop to USD$5.00 per ounce, possible?

Industrial demand alone would indicate that a drop below $10 is certainly possible, but that would mean that all investment demand has evaporated.

 

[Hawkeye1819]

If gold and silver are plunging even whilst the stock market is rising, can you imagine what will happen when the stock market corrects?

Don't forget in 2008, gold plunged together with stocks. It was no safe haven

 

[OrLanChowHorFun]

If gold and silver are plunging even whilst the stock market is rising, can you imagine what will happen when the stock market corrects?

Don't forget in 2008, gold plunged together with stocks. It was no safe haven

precisely !

now you know why the Rothschilds which have been SETTING gold prices for well over 100 years pulled out of the gold trade completely - so they won't be blamed when gold prices crashed after so many people have put money into it !

they were the ones selling to the people !



the recent crash of Bitcoin is also engineered by the private central bankers because right now there's a currency war going on, and to keep people from breaking free of paper money now even gold is being hammered !

gold prices has nothing to do with free market - it's always manipulated by the banks !


expect mass riots in India and China if gold drop by 50% from all time highs - both governments been telling their people to buy gold and now their wealth kana halved !

 

[zhihau]

expect mass riots in India and China if gold drop by 50% from all time highs - both governments been telling their people to buy gold and now their wealth kana halved !

all that glitters is not gold...

 

[zhihau]

Industrial demand alone would indicate that a drop below $10 is certainly possible, but that would mean that all investment demand has evaporated.

now imagine our currency is backed by silver... :p:p:p

 

[po2wq]

by the light of the silvery moon... ...

u got spoon any yet? ...

 

[zhihau]

u got spoon any yet? ...

bro,
tonight tio 4D then will croon :o:o:o

 

[AhGuan]

I noticed a pattern. Let me post it Streetsmart style here:

1) The hedge funds and investment banks will load up on a speculative instrument.
2) After they do, they will feed the information to their private banks (e.g. JP Morgan Investment Bank to JP Morgan Private Bank).
3) The private banks will then recommend the trade to all their customers (in many forms - outright purchases, accumulators, structured-linked products)
4) These customers (ultra to normal high-net-worth) will load up, pushing the market further up.
5) At a certain point, the consumer bank mass affluent customers (typical sinkie-stay-condo-yaya-type) will be advised by their RMs to buy. So they load up as well.
6) At the height of the frenzy, the investment banks will sell it to all these wannabes and blur-fucks, taking profit on them (1st time).
7) The hedge funds and investment banks will then turn short, and push the market down
8) The customers at some time will panic and cut losses (because blur-fuck customers all listened to their RMs and go margin trading to leverage up)
9) The hedge funds and investment banks will buy and take profit on the customers again (2nd time).

The cycle rinse and repeat. Gold and silver right now is like that.

Cheers.

 

[jw5]

I noticed a pattern. Let me post it Streetsmart style here:

Hi there

1. Point form is actually one of the best ways
2. Of presenting your points.
3.

 

[zhihau]

I noticed a pattern.

thanks bro! so as long as we buy low sell high can already lah!

 

[zhihau]

bwahahahahahahaa... silver @ USD$23++
come come, let it hit USD$15++

 

[Hawkeye1819]

bwahahahahahahaa... silver @ USD$23++
come come, let it hit USD$15++

The bubble in silver from US$5 to US$50 can be described as epic. Comparable to how the Hunt Brother cornered the market in the 1970's. Silver subsequently plunged by well over 90% in the 1980's. The only thing preventing mass bankruptcy in mining is that most companies mine silver as by-product. Only those who mined silver as main product (relatively few) went underwater. If I'm not wrong, none of them survived till today.

Since the market is not cornered, I don't think we get this drastic a plunge. What we will get is a gradual evaporation of investment demand as the bursting of the epic bubble of 2001-2011 slowly enters its next phase. Target of $10-$12 certainly very possible. Industrial demand will not be a driver for many more years.

If we judge by the uraniuim bubble which happened earlier last decade, we could see a 75% decline which will place silver nicely at $12.50.

 

[Hawkeye1819]

.........................................
possible price developement of silver over the next 2-3 years. Note that the bubble in uranium has already burst for 5 years.

 

[zhihau]

Note that the bubble in uranium has already burst for 5 years.

would that be how the property market look like when the property bubble burst?

 

[Hawkeye1819]

would that be how the property market look like when the property bubble burst?

Property has intrinsic value tied to scarcity of land, population size and GDP growth. It won't burst like this.

 

[sleaguepunter]

Property has intrinsic value tied to scarcity of land, population size and GDP growth. It won't burst like this.

less than 20% of the land on the island is use for residential. There plenty of land, it just that 90% belong to the state.