Gold hits $1,900 and Silver hits $44

[Xicano]

In my opinion gold and silver have been signaling both a loss in confidence in the markets and a loss in confidence with governments and will continue to increase. Its my opinion that during the next few years we're going to see fireworks in these two metals. I'm not giving investment advice. I'm just saying that's my opinion based on the technicals and fundamentals of the markets, and the global news.





http://www.finviz.com/futures_charts.ashx?t=GC&p=d1







http://www.finviz.com/futures_charts.ashx?t=SI&p=d1

[Liberal_in_LA]

1. wow!!

[Yavin4]

2. Both Are Down Big Today

Probably some major profit taking. Good time to buy in, esp. Silver.

[Xicano]

3. Asian markets close. American markets open, bank manipulation steps in.

Prices get slapped down. Despite the banks, the upward trend continues bullish as people are losing confidence in the corrupt system.

Yes indeed Yavin4, I'm with you. "Good time to buy in, esp. Silver."

[Yavin4]

5. I Noticed The Same Exact Thing About the Asian Markets

Esp. Sunday night into Monday. There seems to be a lot of pent up demand over the weekend, but as the week starts, U.S. banks try to slap it down.

There are too many financial blow ups on the near horizon. Bank of America could be gone by Thanksgiving. When that happens, metals will soar.

[jimlup]

9. I owe BofA a lot of $

Should I pay them off? Or should I pay it down and ride it out? Are they likely to jack up my interest rates in response to their fall?

[Yavin4]

14. Your Debt Will Get Passed On To Some Other Bank

You will still owe them. Your interest rates will be subjected to the new bank's terms.

[hifiguy]

13. A friend of mine is a very successful gold trader

with his own business. He's been doing some targeted profit-taking (selling) for the last six months. And he still has plenty of gold.

[Xicano]

4. Here's an excellent gold & silver video I strongly recommend

http://www.youtube.com/watch?v=tj2s6vzErqY

[Yavin4]

6. I Saw That Video and I Agree with Most of it, But I Have One Bone to Pick

A lot of the gold and silver bulls point to Keynesian economics as the main culprit behind the debts of the U.S., and that is not 100% true. The problem is that since 1981, we've been practicing NON-PRODUCTIVE Keynesian economics. We've been borrowing and spending on the wealthy and corporations through tax cuts, and that money has not lead to any increased productivity in our economy which is why we're in the state that we are today.

Here's an analogy. Borrowing a lot of money to attend Harvard Law School is a good way to go into debt because the increased job opportunities waiting for you. That would be PRODUCTIVE Keynesian. Borrowing a lot of money to buy a fancy sports car when you don't make a lot of money is NON-PRODUCTIVE Keynesian.

[Selatius]

7. You are correct. Reagan was the first to break the trend.

If the government wanted to embark on a major new initiative, prior to Reagan it simply raised taxes to support it. Reagan, on the other hand, did the exact opposite. He slashed taxes on the wealthiest and then ran up spending on the military through heavy borrowing, and George W. Bush became the first president in modern history who launched a war without a war tax to support the endeavor; he simply borrowed.

I hold Keynes in to high an honor to label it "non-productive" Keynesian policy. I'd simply label it trickle-down economics or supply-side economics, which is essentially US fiscal policy for the last three decades.

[Xicano]

8. Same here. Also, there's one inaccuracy portrayed.

I'm sure it was inadvertent, but, nonetheless the part where he shows how much silver is available in the world for each person is not exactly correct. He forgot to point out that, that's how much silver is available for "investors" to buy which doesn't include what is considered industrial silver.

But the point he is making is still accurate. Its just the way he words it can be misleading to the person not familiar with it.

All and all however its a good video for people to watch.

[Dappleganger]

10. Is there a bubble similar to the real estate bubble and when will it burst?

I realize they are different commodities but this is seriously inflated.

[ProdigalJunkMail]

11. gold trading @ $1790...down a lot from highs...still high n/t

[tuckessee]

12. PM's are not inflated.

Their price simply reflects the decline of the fiat US dollar.

[Yavin4]

15. That's What Folks Don't Understand

Just look at short term rates for the past 10 years. I think we've only had about two years of out the last 10 where short term rates were above 3%. In the other years, rates were at or near 0. That's inflation.

[FreeJoe]

16. It's obviously a bubble

You rarely see one this obvious. I wish I knew when it was going to burst.

[Xicano]

17. They still have a long ways to go before they're in a bubble

They are both still seriously under valued.