whats going on with pm,s

[craig12]

as I am new to silver and gold , can anyone tell me why pm,s are getting hammered  ?

is it the qe ending, is it the so called good news of the usa economy

 

I know pm,s can fall  but this week is unbelievable  ive never seen them fall so fast so quick

[silversword]

The recent trend is for sell-offs to occur at the end of the month anyway. Combined with other "positive" economic news which tends to be bearish for gold (and thus silver), there are presumably multiple factors having a short-term depressive effect on price. I expect some sort of recovery just because of bargain hunting, but no guarantee that it'll regain previous levels very quickly.

[Pipers]

Gold and Silver are bearish as with most commodities, are you buying for long term? if yes then OK.

 

Go to Goldmoney and read some of Alistair Macleods market reports/Analysis.  

[KevinG]

The more they fall the more i can buy.

[Luker2]

WARNING : The ENTIRE Article is 2300 words:

 

A Warning from the Watchman

October 31, 2014 • Economy, Freedom, Silver & Gold, US Dollar • 19 comments

 

http://thewealthwatchman.com/a-warning-from-the-watchman/

 

Prepare Yourselves

I was going to finish the volcanic series today, but what we’ll likely face dead ahead, calls for an emergency post. I’ve had such a strong foreboding feeling the last several days, that I feel I cannot ignore it. The last series had ended in a good place, anyway.

So I’m going to pen a warning instead. What follows is a gut check, some tough love, and a call to arms!

There are some experts and gurus right now, who are astoundingly and cluelessly(after 3.5 years of calling wrong price bottoms) still telling you that long-term price bottoms are in for the metals.

Don’t listen to these people!

One man in particular said confidently, several days ago, that “$1,220 was now strong price support for gold”. Amusingly, that number was breached and breached hard within a mere 48 hours!

I don’t believe we’ve seen the bottoms. I don’t know why these men never learn, but you must not heed them! They will unwittingly steal your joy, and your peace, by continuing to write checks to you that they simply can’t cash.

Stackers are tired of the BS, they’re tired of being propped up by false promises of price rallies, only to crash hard along with prices, when the inevitable bank massacres occur. What our community needs is someone who’s ready to tell cold, hard, uncomfortable truths about what our enemy is still capable of, and yet clearly frame the banks’ utter and unmistakable failure to dislodge our troops from our battle lines!

For the last week, this Watchman has felt that the short term price bottoms of $16.60 in silver, and $1,180 in gold would not hold, and lo and behold, here I sit writing on October 31st, and both of those lines have been violated.

Head Fake from the Bankers?

Several well-respect voices have now mentioned a deflationary scare that may lie ahead. More recently, Turd Ferguson, has spent considerable time breaking down that possibility. Now that Janet Yellen and the arch-counterfeiters have ended “QE’4evah”, the global markets are taking serious pause. Big players have started going long in a big way in bonds, as well as the U.S. dollar. Many of big players have already left the stock market, and the forces suspending it are mere fumes, and plunge protection team interventions.

Oil, base metals, and other commodities are taking some serious hits on the chin. In particular, watch oil. So far, it has managed to hold onto $80, but if it goes to $75 or lower, some real chaos could be ahead in key markets. Some have made interesting cases that Saudi Arabia is engaging in economic warfare against Russia, by holding down prices for extended periods. That is most assuredly possible, after all, they’ve done it before.

I’m not going to go into the specifics here about the metrics used to measure the deflationary scene. It’s still a little early to say that’s what will happen for certain, but I wanted to make every brother here aware of it, and how I’m preparing for such an event.

Precious Metal Attacks

If that deflationary scenario starts unfolding decisively, the banking cartel could use the cover to extract several pounds of flesh from gold and silver stackers!

I know what you’re thinking: they’ve taken enough flesh from me already! You have to remember though, that they’re running out of gold and silver to deliver, this is the last, desperate act of these cornered, feral creatures!

Remember, the only thing that can truly stop the enemy from these assaults is running dry on deliverable metal.

Until that undeniably happens, do not underestimate where they can take comex prices! Do not tell yourself, “they’re almost out of metal!”.

Hate to break it to you, but you’re not an insider, heck you’re not even a forklift driver hauling metals around in Comex-approved warehouses! Nor can you prove whether the numbers they report are even entirely accurate. You don’t know what they’ve got for certain, so do us all a favor and stop pretending you know things you simply don’t.

I believe the enemy is coming again in a big way, and telling yourself reassuring lies in the wake of his charge won’t save you, and won’t stop them. Don’t do it!

Keys to Stay Focused

Here are some crucial pointers to keep in mind, brothers, if you’re to survive the carnage that may lie ahead:

You must not allow yourself to give counsel to voices who are telling you that rosier times are just around the corner! Tune those people completely out.

You must not concentrate on price direction alone in the days ahead.

You must not go on vainly hoping that price direction might change at any second.

Most importantly, you must not go on believing in “strong price support”, it does not exist!

Questions not to Ask!

Brother do you want to feel like a helpless, whipped, and cowering sack of bones if these attacks come? Do you wish to feel as tiny as as a Teacup Poodle, when these people go “all in” against you? Are you looking for a sure-fire way to eviscerate your confidence, and strike fear into yourself?

Well, then here are some superb, resolve-destroying questions to keep asking yourself as the HFT attacks rain down like arrows of fire.

“How low can this go?”

It can and will go as low as the banks wish to take it, while they still have something to deliver to those standing in line for it. Mike Maloney has long, long warned of a possible “deflation scare” scenario, just before the central banks panic, and far over-stimulate(read hyperinflate) the world’s currencies. In fact, he recently went on record saying that if this scenario unfolds, the silver to gold ratio, for a brief moment, could reach a mind-blowing 100 to 1! That would be pure paper slaughter! Here we sit at “only” 73 to 1.

“100 to 1, could they actually do that, Watchman?”

Believe it.

I’m not saying they will, I’m saying it’s possible, in a real, all-out, deflationary crash scenario. All this to say, don’t ask that question, because it steals your focus(which you must keep), and puts it on spot prices, which you have zero control over.

Here’s another winner not to ask day to day:

“How much is my silver/gold worth now?” ...ARTICLE CONTINUES (1300 more words)...

 

http://thewealthwatchman.com/a-warning-from-the-watchman/

[Stretch]

As far as I'm aware Mike Maloney has only recently in last few months started talking about the deflationary scenario. Only after a number of others had warned of it and the markets were showing suspicions of it. Perhaps Goldman Sachs whose 1000 call at the beginning of the year and has been scoffed at by many deserves some credit.

[silversword]

There should be a forum rule about copy-pasting massive walls of text, especially when one paragraph would do, without the added "melodrama for simpletons". I swear if I ever meet this watchman fellow I'm going to have to supreess the urge to punch his teeth in.

[HighlandTiger]

WARNING : The ENTIRE Article is 2300 words:

 

A Warning from the Watchman

October 31, 2014 • Economy, Freedom, Silver & Gold, US Dollar • 19 comments.................................................

......................................................“How much is my silver/gold worth now?” ...ARTICLE CONTINUES (1300 more words)...

 

http://thewealthwatchman.com/a-warning-from-the-watchman/

 

 

All that writing just to say "I havn't got a fracking clue what is going to happen with gold and silver prices".

 

[HawkHybrid]

many different reasons play a part in the pricing for pm's.

some are more dominant at certain times than others.

watch the volume and that will lead you to the big players.

it's what makes people money not what makes sense.

 

I do believe pm's have further to fall from this point.

 

HH

[Paul]

well my original reasons why i started investing in PMs were common sense, reality of the size of the crippling debts of the world, another housing crash on its way, money printing worldwide hand over fist, another 2008 style event going to happen, manufactured terror threats, political instability worldwide, another 9-11 manufactured false flag to cement further western power for years to come and loads more reasons besides.

 

So with these common sense and grounded reasons, i sit here now with spot price on both mega down, and i would have just been better offer stacking cash honestly, you couldn't make this up

 

i wish i should just went for an easy life and I could be blissfully ignorant to the world we live, live in a council house rent and council tax free, get my kid benefit for little mercedes, chantelle demi, angel ellie, & roxanne-precious, drinking fosters on the settee watching porn & eating cheesy wotsits.

 

and i wouldn't have had all this stress

[BaldyBob]

Cheer up Paul!

 

Why not treat yourself to some silver...it's dead cheap!

 

P.S. you forgot to mention Jezza Kyle

[Paul]

Cheer up Paul!

 

Why not treat yourself to some silver...it's dead cheap!

 

P.S. you forgot to mention Jezza Kyle

 

its not getting me down Bob don't worry.  It just p**s'es me off there is no reasons why it should justify this current price 

(x3) rolls of 2015 kookaburras on the menus for this months purchases come pay day

 

I don't have a penny in PMs that will affect my way of life and stop me doing the things i enjoy.

As i know i have intentions of cashing in the stack for at least 20-30 years +

 

I hope then we will be at a forum meet, lighting our havana cigars with £50 notes laughing back at the sub £10 times of 2014

[Stretch]

I'm hearing some scary predictions for gold in the near short term. Gold miners are valued now at the same price as when spot was $400 indicating that gold is, even with current drop still way over priced.

[garthy]

I'm hearing some scary predictions for gold in the near short term. Gold miners are valued now at the same price as when spot was $400 indicating that gold is, even with current drop still way over priced.

 

You need to think about crude prices which were around $35 a barrel last time gold hit $400, gold miners on average have seen their profits sliced by 70% I can't see a way they could mine the yellow stuff for $400 unless crude drops back to $35 or lower, and if that happens QE would have to return big time or bad debt would swallow good leaving countries in default.  

[Stretch]

I don't think spot will get that low Garthy but $1000 is now looking likely with $13, $14 for silver and $70 for oil.