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

@Miggs

sorry my friend, but you are wrong-

1- crude has already for months been working to break out of a range, it has down so before Syria

2- refined product, AKA gasoline has rolled over, this would not be happening if Syria was a major event.

3- gold and silver have been ZZZZzzz price wise

4- Defense stocks have not received any sort of price spikes with Syria

5- The long bond continues to decline.

For these reasons, and As I said before, Syria is a non-event. Even if the US gets involved, markets will shrug off what happens. The markets already know about Syria and again, its not going to rocket up anything.

The market could care LESS about Syria, I am putting my mouth where my money is, I am LONG this market right now, and theres nothing from Syria thats making stocks not set up. Shoot you cant even get the japanese yen to get going, which is also a safe haven.

Nobody (except deep insiders) can say what happens to gold and silver next. But I remember back in 2007 all the talking heads in mainstream media
saying gold is in a bubble and kept saying it as the price was going up and up. Safe to say now that wasn't the case. In this reality check video,
hopefully members sitting on fence of purchasing PM's might be convinced to act before its too late.(for all who are fortunate enough to acquire).
Since its low of $1180 gold gained back a solid $200 in mere months. The trend can still be a downward one but world conditions and events all ongoing
will NOT keep PM's down. More and more people around the world don't trust the financial wonderland we live in.

So as gold slips AGAIN in backwardation Jim Sinclair writes;

"The West is not entering a period of economic expansion. In fact, we are on the threshold of the opposite. Predication of lower gold on today's ISM release is a reach.

Gold is lower because the paper gold market still holds on to it's position as the price determining mechanism. That position of paper pretend gold that is waning.

Soon the real condition of lack of supply in the above ground supply of gold will take over price determination and gold will trade at a new high as part of this rally from just below the $1200 Angel."

yes, after the USD, the japanese yen has been viewed as a safe haven. Yes it has been bumped around hard. But, I dont see it spiking at all, in any sort of manner that indicates Syria is going to make things terrible.

As far as your second comment, to me, I been seeing that sort of thing for a long time. Bottomline- there is no panic and fear that are going to help gold and silver skyrocket.

Gold and silver will need some other catalyst, as I have been saying for a while now, to get it back to where it was.

Finally, please allow me to correct your first statement of the one comment you posted. In the commodity market there are no "Deep insiders". In fact I would ask, just who are these supposed deep insiders? The only one who knows where gold is going and what it will do and when, is the market itself. IT will make its move manifest by its price action, set by the market, not by someone who says go and buy gold.

IF some of the worlds largest hedge funds that control massive amounts of gold (Paulson, Soros) cannot control the price, and have exited gold, what could possibly make one think that "deep insiders" know whats going to happen next.

So while I love and view Miggs as a good friend, I strongly disagree with his view regarding gold. Gold and silver had a great run and for now their time has come and gone.

For one Goldman Sachs, they opened their mouths twice about gold and correctly "predicted" how the wind's going to blow.

And if the Fed can monetize your debt to the extent it is, why can't they also direct hedge funds in any they want up or down?
Just as long as they make money on the way there. As George Carlin said; "Its a big club but you ain't in it"



operative words here "for now" ,that's a back door just in case.... you're wrong. And ya you're still my friend also

This is the kind of propaganda I'd like to steer away from. Price action and focusing on what the market is telling me, with patience, is looking better and better.

His lips say no but you can clearly see he's fidgeting and weighing his words very carefully and still says that IT could happen if a world wide bank run were to develop lol

Cyprus didn't seize anyone's money. Cyprus banks failed and instead of letting them fail the government took them over and assumed their debt. The debt was too big and the government of Cyprus went bankrupt and had to be bailed out. Insured depositors didn't lose a penny. It was the depositors that had balances above the insured amount that lost some of that uninsured balance. That is what happens when banks fail, uninsured depositors lose money.