What Triggered The Fall In Pm Prices ?

I would love to hear a good rational explanantion myself one paragraph in simple terms lol....

Silver has never been this low or gold since I got into pmz a good three or four years ago as I cant remember now lol....

Something big in the world is up, something fishy....

My first gut thought was the chess pieces are moving toward North Korea but war fronts are common in many countrys and places, it must be something more then the threat of war....

I don't know but I happily purchased some bullion today :)

Its all part of the bailout package. If all these hedge funds were long gold and silver the banks were on the other side of the trade. They have to cover eventually. So it boils down to a war of attrition. Who has the cash and who is the joker who is 1500% long on margin. Someone will be selling theirr gold on the cheap to the bank, and it won't be the joker, he was liquidated days ago, it will be some poor slob who owns his physical free and clear. This is how hypothecated markets trade and then you add cheap money and high leverage. The stock market works the same way. Gold will trade much higher as this type of voitility kills business. Many mining companies have dificulty making money at 1600 gold.

"I always thought that PM's were a hedge against the Fiat money that is freely printed"

Its a hedge against default. Currencies are backed by debt. Everything the Fed does it does to make the debt look more attractive. They and the banks they operate through are sitting on piles and piles of crap mostly in the form of debt securites and equities. All this junk has to be sold to the public. CBs know if they dump gold in unison they can encourage risk taking on a global scale. Don't buy the hype on the way up or down.

JP Morgan and Goldman have set out to tank gold all the way down to $900. They will time this to purchase the 10 metric tonnes Cyprus has. As fast as its going down it will go up. Once they acquire it

I know gold/silver are commodities, but to me they are money, so, I hate to see them track other commodities and stocks. But, I haven't got scared off yet. These financial shell games can't last forever, so, maybe I'll be protected a bit down the road.

Then again, maybe I'm fooling myself.

I don't think you could put the PM's into the same category as Soy Beans and Pork Bellies Sel.

PM's are there to store wealth not to make breakfast with

"I don't think you could put the PM's into the same category as Soy Beans and Pork Bellies Sel."

Actually you can and they are traded the same way.

I remember back in the 90s. There was a huge short trade in pork bellies that made absolutely no sense. There were sellers everywhere as if we were about to be invaded by pigs. They drove it to something ridicolous like 19 cents. They busted everyone and then the big food conglomerates bought the farms and of course prices are sky high now.