What Happens To Gold And Silver Next? Look Out Below?

I have to agree also with basebal21 with NOT putting your eggs in one basket, unless you're a gambling person.

So what is the US market buying and selling NOW
FIAT silver
You have to remember that the silver/Gold market along with the Fiat dollar is all held up with smoke and mirrors.
After all the dust settles with this slump some "Fat Cat" will have made a bundle out of thin air on futures of something they never paid for or owned in the first place
UNBELEIVEABLE

You gotta laugh at the amount of tin foil hat wearing conspiracy crap that follows these things :D we have a generation growing up that believes any old blog or YouTube vid and takes it at face value just cause it tells you everybody else is lying. EVERYBODY has an agenda, including such conspiracy sites trying to make money from either selling coins themselves, or DVDs, or books, or a newsletter subscription with supposed inside information. The naive generation, that don't bother to do enough research to discover the real truth that usually lays somewhere in the middle from all these stupid extremist viewpoints.

Getting back on topic, price going back up, but some sellers keeping the high markups, watch those premiums people!.

I imagine Yup will say have patience, these are the after effect ripples, wait for the overal trend to stabilise. But this is quite a big ripple at +2.6% and rising, making for itchy buying trigger fingers, including mine! :D

My long-term faith in PMs is gratified by today's rise, but now I'm thinking I should have bought more yesterday instead of waiting for prices to drop further...

Jefferey Christian of the CME during a meeting of the CFTC.
Explaining the FACT Not CONSPIRACY that there is 100 times
more PAPER Silver in the market than Physical Silver
Available. AKA "FIAT SILVER".

http://www.youtube.com/watch?v=0NAL0C6BO-4

Also try reading the Comex Rules where sales can settled
in Futures Contracts if they so choose, even though you may want the metal.

Paper as Metal
To address a temporary problem of liquidity, COMEX has systematically created an even bigger problem for investors. The exchange allows investors to make good on their futures positions with gold and silver ETFs rather than the real assets, thus opening up the door for hugely distorted market prices.

How it Works
Under the clause 104.36 in the COMEX rulebook, exchanges can take place on the exchange as long as the products meet certain criteria. After sorting through legalese, investors find that the criteria isn't as demanding as one would expect from a multi-trillion dollar exchange, but is actually quite loose. COMEX requires that exchanges be made in economically equal products. For instance, a 1000 ounce silver futures position can be used in the delivery of 1000 ounces of silver, despite their inherent differences.



This creates immense problems for investors, as well as the exchange itself. First, no silver actually trades hands, but only a silver derivative that has supposed claims to silver. Second, the exchange-traded fund is economically similar in that it has equal worth to the same amount of silver; however, investors cannot receive physical delivery from the ETF issuer. In essence, purely derivative investments are equal to physical metals in the eyes of COMEX, even though the reality is quite different.


Or even the actual Metals Default at ANB AMRO recently
a place to purchase metals, that tells it's customers
that they can not have the metal, they have to take cash.

Letter To Customers of ABN AMRO

As of 1 April 2013, ABN AMRO will switch over to another custodian for precious metals gold, silver, platinum and palladium.
Therefor we will handle and administer your investments in precious metals differently. In this letter you can read more about this.

What will change?

With the transition to the new custodian, the following will change for you as of 1 April 2013:
• You can no longer request physical delivery of your precious metals from us
• Do you execute orders for precious metals via the ABN AMRO account? Then the settlement of these orders are henceforth performed at bid price or ask price prevailing on the market for precious metals. No longer on the mid-price, as you are used to.
• The bid price is the price that merchants offer for precious metals that are put up for sale, when you sell.
• The ask price is the price at which traders want to sell precious metals, when you buy.
• From now on we will value the precious metals in your investment portofolio at bid prices

You can read more about investing in precious metals in Chapter 4 (Supplementary conditions for investing in precious metals) of the Investment Account Conditions. You can find these at abnamro.nl/voorwaardenbeleggen

Should I do anything?

You don't need to do anything. We will make sure to handle your investments in precious metals in this new way from now on.

Any Questions?
If you have any questions about the contects of this letter, then you can call our Investment Service Desk op 0900-1474 (from abroad +31 76 5491755). Our employees can be reached monday to friday from 8am to 6pm.

Do you want to palce orders or do you have other questions about investing, then you can call your advisor or the Capital Hotline at 0900-9215 (from abroad +31 10 2407004). Our employees from the Capital Hotline can be reached monday to friday from 7am to 8pm and during the weekend from 9am to 5pm.

We are happy to assist you,

With kind regards,
ABN AMRO Bank N.V.



There are those that actually do the research,
And it is NOT Conspiracy it is just Fact.

Hey Yup7676,

What's your thoughts on what IMF is saying today about growth actually not being as good as expected having an impact on raising price of gold again?.

http://www.marketwatch.com/story/im...st=bigcharts

@Arksun

ehhhh you know, I pretty much stay out of forming any opinions based on economic reports, only because the forecasts can change on a dime seeing that they are being placed out in the future,, and between here and now many things can change.. either get better or worse.

I have no doubt tho, my opinion only, that everyone should own a % of gold and silver no matter what happens. They do have their place and function.

As I have mentioned before, tho, the markets are forward looking, they discount things. At this stage, I would think going forward the markets are pricing in better economic conditions and therefore the reduction in gold and silver prices... which doesn't mean either that they are going to zero.