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

..HEY Basbal! I'm a Scientist! Y'all do know there is no degree of "Scientist"?

Of course you do Basbal! Just having a little fun!

But seriously something that bothers me about SOME Scientist is that many of them forget what we learned in University; Evaluate the facts and not the biases.

It's good to formulate a hypothesis. But a Good Engineer, one type of Scientist, knows that new data can change everything. Most hypotheses are working hypotheses that constantly change and evolve until it is either proved or disproved.

I guess all I want to say is that even I'm bothered by papers that are published without rigorous peer review, as though they were cast in stone.

I don't think we will be able to make silver in labs like diamonds. Diamonds are just allotropes of carbon, and we have lots of carbon to play with,

Maybe there is a way to produce it like they produce gold? I saw a bit on a youtube show about a bacteria that apparently "made" gold. After watching it, it wasn't quite like the magic of a pigs being able to eat apples and magically make bacon. They just purify AuCl.
http://www.wtop.com/681/3066891/Bac...t-gold-VIDEO

Of course, who knows what they heck they will do. They made californium in a lab so you could be right. In our lifetimes though, it doesn't seem like it would ever be worthwhile. Californium is $60 per micro gram, or $60000000 per gram.

We'll dig up our landfills first. Not very glamorous, but probably cheaper.

Now if they find a way to get all the gold from the ocean water... apparently there is 20mil tons there, but no good way to get it.
http://oceanservice.noaa.gov/facts/gold.html

Here's a in-depth article explaining the major turning points in GLD or SPDR gold shares since its beginning 9 years ago and why this year's earlier
mass exodus of capitol might be on a reversal course with last week's builds and could effectively signal the end of the present downtrend. Good read

http://zealllc.com/2013/gldexrev.htm

Broseph, the technical details of gold extraction from sea water have been worked out for a long time. That is why I said that it becomes cost effective to do so at around $3200/oz. The article you posted affirmed that it is possible just not "cost effective".

The first attempt at this was in the 1930's after Bromide was effectively extracted from Sea Water. As the article states it takes a lot of volume; as well as a fair amount of energy.

quick note folks-

another day of nothing to see... whats happening is both gold and silver are entering areas of previous resistance and thats going to generate a ton of chop.

whats key is staying above the gaps both have filled and closed.

more later

Thats a good example Hawk. But supply and demand are completely divorced from the Commodities market. Well, maybe not completely. Rather it is about rumors or speculations on the future shortage or surplus of a commodity that they are betting on.

There has never been a time since the explosion in the price of PMs that there was a shortage of Silver. There have been times when.....say the mint ran out of blanks. But that was not because of a Silver Shortage, it was because of a faulty forcast by the Mint.

For instance a short time back it was reported that we had more Oil in Storage than we have had since the early 70s. Yet the price didn't go down. In fact it went up. There are a lot of people that apologize for Big Oil, but the CEO of Exxon, in Congressional testamony, admitted that the price of a gallon of gas was inflated Forty (40) percent because of Speculation and that absent the Commodities market a gallon of gas would be between $2.00 and $2.40 a gallon. A fact that even OPEC states, over and over.

The point is that in Commodities the actual supply and demand have very little to do with sell prices. They can influence a price point when a report comes out. Yet several times this summer announcements were made about a glut of Oil on the market; and after these announcements the pump price actually went UP. Then in the aftermath of the discovery of a surplus the price point came down, and settled at the original, pre-announcement price.

If you chart pump price; barrel price, and supply; you get a complete disconnect.

Lol..ok this is about Silver and Gold, but I think it well illustrates that true supply and demand have little do with the Commodities market.

Ok gonna share some quick trade ideas for anyone that's at home right now or mobile. They could trigger today with the FOMC minutes... they might not.

These would work best executed in real time fashion. Otherwise your probabilities drop and go against you.

more to follow in a second

ok lets start with silver first

SLV- buy @ 22.60, ready to break out of range. If it doesn't move past 22.60 then do nothing, no buy signal.

AGQ- buy @ 24.44, ready to break out of range. If it doesn't move past 24.44, do nothing, do not buy.

now to gold

GLD- buy @ 137.63 ready to break out of range. If it doesn't get past that do not buy.

UGL - buy @ 59.91 ready to break out of range. If it doesn't get past that number do not buy.

GLL short @ 81.43, readyto break below its range. if it doesn't get past the number do not buy.

1-2 pt stop MAX on those entries when/if they trigger.

Remember, even with probabilities on ones side with a trade does NOT guarantee success, therefore risk must be managed by having an exit in case the trade goes against you.