Member Info for BuggerTheBanks

Silver is the star! Up a quid today already!

$2,000 p/oz.

Might have something to do with this...

https://www.zerohedge.com/geopolitical/did-nuke-just-go-beirut-terrifying-mystery-blast-shockwave-filmed-over-lebanon

Gold at $1,992 & rising. Cue the monkey hammer in 3.....2.....1.....
They'll defend $2,000 (again) like The Alamo.

Don't know for certain.
Turkish Lira???
Argentinian default???

But they all came out earlier today. I'll post here as soon as I learn anything.

Apologies: I know it's bad etiquette to reply to your own post, but NOW we're cooking on gas!

US Debt Clock will tell you just how many paper contracts exist for every oz of physical metal...& it is staggering. The usual suspects keep putting sticking plasters over it (the rising price of PMs) by dumping paper contracts en masse (like we saw early last Tuesday morning) but the rise in the metals is relentless & is a direct consequence of all of the money (read "debt") printing that continues at truly unprecedented levels.

Anyone holding a paper contract or any form of derivative of gold is going to get the rudest of awakenings. Me? I'm playing this multi-generational game of musical golden chairs...but I never once stood up. Anyone holding paper is going to be left looking for somewhere to sit down when the music stops. My seat is for sale...I'll start the bidding at £4,000 (p/oz).

Not soaring, but definitely spiking...

My personal targets:-
Gold: £4,000 p/oz
Silver £135 p/oz
May well go substantially higher.

Gold has already hit $2,000 p/oz before we get mass bankruptcies. Before we get bank failures. Before we get a crisis of confidence in fiat currencies. All of those things are already baked into the cake. The economy has already gone off the cliff....it simply needs to hit the rocks (which, of course, it will).

Lots of pitfalls for world economies all seem to be lining-up to coalesce in Q4. This is the sector to be in. Hold PHYSICAL PMs. Keep some powder dry. You will get a (literal) once-in-a-lifetime opportunity to snap-up assets at pennies on the dollar before the year is out.

GLA.

This was announced AFTER the stock market closed on Friday (but around half an hour before the PM market closed at 11pm GMT).

A certain Mr Schiff made a point about the idiocy of investors who, when faced with a downgrade to US Treasuries, piled into US Treasuries as a perceived safe-haven (rolls eyes).

Will we see a spike in the PM prices at the (11pm) market open tonight, now that investors have had a chance to digest the significance of "negative outlook"?

This was announced AFTER the stock market closed on Friday (but around half an hour before the PM market closed at 11pm GMT).

A certain Mr Schiff made a point about the idiocy of investors who, when faced with a downgrade to US Treasuries, piled into US Treasuries as a perceived safe-haven (rolls eyes).

Will we see a spike in the PM prices at the (11pm) market open tonight, now that investors have had a chance to digest the significance of "negative outlook"?

Interest rates will go negative before they rise. But when they do rise, it will be hard & fast, because it will be to counter a currency crisis. This will bankrupt just about every country on the planet (with the probable exception of Russia & Lichtenstein).

THAT is when we get the Mark of the Beast global crypto currency.

Buckle up. I'm going to see if I can find my "Dow 10,000" hat.

I'll be doubling-down & buying any dips below 70p.

GLA .

Looks like the bear market rally is over.

"We're on an express elevator to Hell! Going down".

Buckle up. Hope you kept some powder dry. I wonder if I can find my "Dow 10,000" hat...?

GLA.

The central bank monkeyhammer is a mighty weapon, called to bear whenever precious metals look like showing their true value, & exposing debt-based fiat currencies as the fraud that they are.

It is frustrating. Not patting myself on the back, but I did predict it last night. Powell speaks, and despite the news being PM-positive, out comes the monkey hammer. Distraction. "Hey! Look over there while I steal your wallet".

Bankster playbook 101. Same as it ever was.

Despite the hammerings, gold will grind higher. There are also some big (read "HUGE") Comex contracts to be fulfilled before the end of the year. Will Eric Sprott stand for delivery???

Let's go lynch some central bankers. We can kill a whole flock of birds with that stone.

I know inflation is much higher than stated, but 300% in 9 years???

Carvegyber, you didn't reckon on the criminal ****s who control the (so-called) "market". Silver down over a quid in a matter minutes. £15 knocked off gold.

I'm listening to Powell speak live & there is ABSO-*******-LUTELY NO BASIS FOR THIS COLLAPSE IN PM PRICES WHATSO-*******-EVER!

Hang the criminal ****s responsible for this manipulation.

And there's the smashdown just minutes later. My...didn't see that coming /s

Someone needs to hang these criminal ****s.

Anyone who's watched the market reaction to key (Fed) speeches (or, to be more precise, unscheduled announcements) will have noticed how the market moves in advance of such speeches / announcements. I say "moves in advance" as opposed to "moves in anticipation" because I don't believe anticipation has anything to do with it. Indeed, it happens with such regularity that it is blatantly obvious (to me) that key players get tipped a wink regarding what's coming in advance of everyone else.

Will the same be true today?