VIDEO Gold and Silver End Game Here-John Embry

[LightEcho]

Flav-O-Flav... tell me how miners will keep producing when the cost to produce exceeds the sale price. I would imagine that business will close soon. And if ore yields are decreasing, the production cost increases. Not all silver comes from copper mines. In fact, that would be a good number to peruse.... how much silver is a "byproduct" from producing the almighty copper? As the manufacturing market deteriorates, less copper is demanded. Over-production leads to underpricing, so miners and refiners stop operations or hold inventory, rather than kill the market. It seems to be paper that is killing the market.

 

[2x2]

Let me rephrase my question; Why aren't YOU taking delivery?? (Of a gold contract) That would help , right??

 

[2x2]

I guess the answer can be found here. Feel free to jump in.



http://instantrimshot.com/index.php?sound=crickets

 

[Hfcomms]

Let me rephrase my question; Why aren't YOU taking delivery?? (Of a gold contract) That would help , right??

I'd love to...silver also for that matter but few if any of us on this forum have pockets that deep. Leverage is a marvelous thing in paper but it doesn't work when you want the real thing....that you have to pay for.

 

[von Koehler]

Counter to what the Bulls so fervently believe is impossible, gold drops $10.40 to $1,225.50 today.

FA

 

[2x2]

I'd love to...silver also for that matter but few if any of us on this forum have pockets that deep. Leverage is a marvelous thing in paper but it doesn't work when you want the real thing....that you have to pay for.

Good to hear your reply. I have to get back to you tomorrow, trying to transfer some accounts around and I'm totally frustrated with paper work. Not my thing.

Not to be nebbie and don't have to reply, but do you consider yourself a "lump sum" monthly investor or just a random, "buy when you can" type? Please, I'm not looking to sharp shoot you or argue, just a dialogue on strategy.
Take care, 2x2
ETA, or a "Dollar Cost Averaging" type?

 

[Hacker]

Counter to what the Bulls so fervently believe is impossible, gold drops $10.40 to $1,225.50 today.

FA

Flavius, thanks for your post on marginal utility and supply/demand, as well as your other posts in this thread. Your observations are a reminder that market forces (as much as we like to ignore them) nonetheless exist.

My view is that gold/silver prices are dropping because the dollar is strengthening (vis-a-vis other currencies). This is (obviously) a critical item relating to price, and I think Martin Armstrong is onto it when he gives the reasons for the strengthening dollar.

I don't know how things play out in the short run; but I do believe silver will spike up, substantially, in the long run. Will it stay up? I don't know, because silver exhibits characteristics of both an industrial metal and a monetary metal, and any continued high price will depend (it seems to me) on its industrial demand.

Nonetheless, I see the long term trend in the continued debasement of the dollar, and a corresponding (dollar denominated) increase in the price of gold.

JMHO . . .

 

[Vegas321]

The problem, as many see as do i. Is that the FED can print and the Western/EURO banks can supress Gold and Silver till the NWO is ready to drop the hammer. Howerver, China and Russia (BRIC's) have their own plan and they will drop their hammer on the West likely before they do. The saying, "last one out the door" apply's and China and Russia want the last laugh. Many folks, as do i think we are this close "><" to that happening. Energy deals are done, Currency exchange in Yuan is just about complete as well as the Gold/Silver exchange in Shanghi. China and Russia have been moving fast to get themselves in positition to open the East as the trade of choice. They are only weeks away from finishing what they need to do this.

I strongly feel the signs that this will go down between November-March with most likely China asking for it's Gold and Silver first to set this cascade in motion. The end game is not near anymore, but VERY near and the FED can't stop it.

 

[Captbill]

"Investment strategist John Embry says the market manipulation in physical gold and silver is coming to an end. How close? Embry says, “I think we are very close now in the sense that the physical supplies of both gold and silver are being diminished at a fast clip...."

We're very close. Really close. Closer than close. We couldn't get any closer!

Really? Isn't it getting a bit tiring to not understand the market and to continually be wrong?

He is right, I believe, here:

"On the price of gold going down to possibly $600 per ounce, Embry says, “I take exception to people who say gold will go down to $600 an ounce...."

He should take exception. Gold will probably blow right through $600 and re-set itself under where it started. About <$300 or so. Yep - that would look like the end of the world, John, but markets don't care what they look like. They just do their thing and make your predictions look, well, wrong.

That argument might have worked when ground beef wasn't 4 bucks a pound. Think!

 

[Adino]

since fa is unwilling or unable to answer i will answer it

the prices are a reflection of the trades on going on the comex

what are those trades comprised of?

supposedly, somewhere in a vault there is a nice orderly storage of gold and silver bullion

each contractually stipulated repository of said commodity supposedly has 1 and only 1 contract, 1 piece of paper associated w/ it.

that piece of paper, that contract is what is traded

so, if a small fish buys or sells 1 contract does that affect the market much? no it does not

but if you have someone who buys thousands of contracts at a time, or hundreds of thousands at a time...well that volume of sales is significant and has an effect on the market price

under the rule of law, there would be 1 contract per metal repository. the contract is specific enough to list the serial #'s on the bars

in that scenario, market forces of supply and demand would dictate the price of the contracts, the price of the pm

however, not all contracts expire at the same time. and not all expiring contracts take delivery

so, if one was a thief, and one could get away w/ it, one could trade more than 1 contract for 1 repository of gold in the vault

who would know?

so you trade 2 for a time, make money off of 2 people who roll contracts and don't take delivery. the money is in the trade right?

now let's say you get away w/ it for a while. then maybe you'd be tempted to sell 3 or 4 contracts for 1 single repository in the vault

then you trade a dozen

then you start trading even more contracts, making more money per contract. if only you could predict price ahead of time - up or down doesn't matter money is in the trade not the commodity price, then you could make a bigger spread on the contracts you were trading

and if you trade enough you can even manipulate the price. even better if the trades happen at the speed of supercomputer and are hard to track

who knows how many contracts you could sell then

as long as no delivery is required its alllll gravy train baby!

now if only you could find someone w/ deep pockets and/or vaults to help w/ this racket. who could also benefit from the price manipulation of metal and has motivation?

ah yes, the central banksters

all of you people thinking you can discern this or that in the level of manipulation we live in are treating the speaker that the great oz's voice comes out of as the oracle of all things true

but what happens when there is more people wanting delivery than pm's and a check of worthless frn's doesn't wash?

the charts will then be good for wiping your nether regions

now i leave this thread and topic alone

believe what you want

i've spoken my peace on it

 

[von Koehler]

US dollar is peeking above its upper channel boundary line. Perhaps, along with higher interest rates, the start of a deflationary mood?

FA

 

[Hfcomms]

Not to be nebbie and don't have to reply, but do you consider yourself a "lump sum" monthly investor or just a random, "buy when you can" type? Please, I'm not looking to sharp shoot you or argue, just a dialogue on strategy.

I'm a buy when/as I am type. Started around 1990 picking up 10oz here and 20 oz there. About half of what I have are 40% Kennedy's and the other half non descript rounds and silver eagles. Have never sold a single coin and I have put away for the ultimate rainy day that I foresaw back in 1990. To be frank I'm amazed at the power of the central banks and their ability to keep the system afloat. What I do know is every fiat currency in history fails sooner or later and I see that day rapidly approaching, but I've thought that for many years.

I don't see the metals as an investment as much as I do a preservation of buying power. Although I do see a mania phase with a rush into the metals at any price someday so I do see a possibility of selling some when that happens in order to make specific purchases and I am also invested in some mid level and junior miners that I think may do well in the future. I'm not sure the shorts can knock silver much lower, but I would welcome that as a buying opportunity. I'm in for the long haul. I know what real money is and I believe a lot of central banks and sovereigns in the East do as well.

 

[bobby.knight]

I watched this earlier today, I agree completely that the rigged game is coming to an end......