Did you buy more Gold & Silver this week? I hope so. Market update 2/14/10

[Oathtaker4life]

Karl - Thanks for keeping us posted with your views. I am also budgeting in a monthly purchase (sometimes bi-weekly) of precious metals. Where do you see silver spot prices going in the near term?

[Stealth0031]

Excellent Vid! And I can't wait to read the book. Also, my father has subscribed to Dow Theory for years --- Looks like I should have taken his advice and read it! :)

Thanks for taking the time to remake the video.

William

[partyhouse88]

What is the USD going to be up to this week against the JPY, CAD & EUR this week??? Thanks!

[bullorbearreport]

I really can not predict weekly moves. That is really impossible with 100% accuracy.

But at this moment the dollar seems to be in a bullish trend. If the Dollar Index can close back below 78.80 then the bearish trend will have resumed again.

[doc7474]

Thanks for the update Karl. I didn't buy any gold+silver - I'm trying to get my house in order (i.e. preparation), I definitely would put my investing money into silver if I could. That book sounds interesting, I might have to pick it up. I've had enough of this bleeping snow myself here in Pennsylvania. Take care.

[Lexi8888]

Funny, when DC closed down for the snow, I too was thinking how they had to be doing less damage at least for those few days.

[karenbcz22]

All those gov't slackers GOT PAID for their days off too!

Our tax dollars at work.

Everytime I'd hear on the radio, "NON-ESSENTIAL" employees do not have to report to work, I couldn't help but think, "they ALL "non-essential"!

LOL!

[justaoldslave]

Thanks Karl, The U.S. government is going to have a JOBS BILL. But all of the workers in the U.S. will have the freedom and democracy to compete globally for the lowest wages! Good going U.S. government. And at the same time support the bloated and corrupt government. Who's going to pay for all of the governments employees, past and present? More to be revealed!

[jlee4520]

Does the Greece/Euro crisis mean that the US dollar will now be very strong for the next few months or even years? What if the Euro crashes before the dollar devaluation?

[bullorbearreport]

We are having a global devaluation of ALL currencies. At this moment the dollar seems stronger against other paper currencies. But in reality they are all loosing value against Gold together.

[clearasvodka]

I like your strategy. Buy on the dips and buy frequently. Hold and sell only when you need the money. Patience is a virtue and usually a level head will guarantee being in the black. I'm waiting for silver to break lower than $13 support before buying next.

[karenbcz22]

I can't wait for the mining stocks to go UP!

I made a horrible mistake buying @ their highs in early December '09.

Been "waiting it out" ever since.

:>(

[Herbalpagan]

we have nothing to export. NAFTA let our manufacturing leave the country. Liberal tree huggers don't want us to mine or drill.

We are so screwed. Wonder how soon it will crash.

[justaoldslave]

Thanks Karl, I'm wondering where silver and gold will be at when the commercial real estate market works its way through the banking system. Also the residential real estate market problems are still there. The real estate prices in the U.S.must be revalued to reflect are new wage standards.That would be wages that are competitive globally. Also China isn't the reason why all of are manufacturing jobs are gone. Are corrupt greedy government officials are!

[RenegadeTimes]

Right Karl ` The debt is NOT payable.

As I have heard many scream out - It's not fantasy ...it's merely mathmatics.

NAFTA drove manufacturing right out of the United States and into cheap labor countries. Clinton and his minions swept NAFTA through and the destruction for the american people was underway. Gov't serves corporate not the people. The deck has been stacked against the common folks for decades. Protect yourselves, be wise. Metals are the way.

[cosmicguerilla1]

the bears are back in town dude , be careful

[jembocc1347]

Great stuff Karl, thanks

[PaulRevere77381]

Hahahaha, I thought the same thing, let Washington D.C. stay home in the snow. We the people are better off for it.

[jimbobubbadj]

Carl agree with what you said. I would like to add that in the 30's depression, the USA had more oil than it knew what to do with. It also had a manufacturing base in place. Most people were involved in farming. Look at today, the USA is not in a good situation. I wish that people would wake up to the fact. American Exceptionalism is not going to save us.

[rbito65]

100% right. Well done.

[ytgv3fc7]

sigh. I did not buy. I wish I could have. You know how life is, expenses happen. But I knew I'd regret it later ... maybe if I'm lucky a dip will coincide when I have some free cash? Hah. You never know.

[captcaveman4201]

You realize that you are killing yourself right? i mean look at yourself.Karl your gona be gray haired by the time you hit 40. BECAUSE you will have sold YOURSELF out..FUCK GOLD AND SILVER! they are NOTHING in comparison to what WE are meant to be. WE are meant to transition beyond any form of money. we are going ALL the way. This means full control over all of the elements. Control over ALL matter. The Key is not to have gold price go up. But for it to be zero

[Instrumentally]

lol what the hell.

[ytgv3fc7]

@captcaveman4201 you seem to have no clue about the ... oh wait, don't feed the trolls. Ok, ok.

[captcaveman4201]

ytgv3fc7 nice BOT name.

[ytgv3fc7]

It's part of a PGP Key ID because I couldn't find an easy user name someone hadn't picked already.

[horsehorsehorse400]

@captcaveman4201 WHILE I work on not worrying about silver and gold and try to Evolve'I dont want to starve to death

[captcaveman4201]

well. i guess its a good thing that people dont eat gold or silver.

[jimbobubbadj]

captcave, can people eat dollars?

[captcaveman4201]

nope

[bjmccullough]

@captcaveman4201 wake up dude....

[captcaveman4201]

im wide awake!

[tokyorealestateman]

seems to me you are talking out of your ass....

[captcaveman4201]

ya well, i dont care what you think.. go right ahead and beleive all of the crap that people keep saying over and over and over again.Beleive those people.. because they have never led you astray in the past.

[ytgv3fc7]

SO what you're saying is you've found a way to bank food the way people would bank gold or silver, and you're considering releasing your genius plan to the world?

Oh crap. Fed the troll. Sorry guys.

[jimbobubbadj]

captcave, if gold and silver are not accepted as mediums of exchange and stores of value then all of us are in deep trouble indeed. With peak oil and the worsening economy, the advancement in manipulating the elements is not going to occur. Technology is not going to come through for us.

[captcaveman4201]

HAHAHAHAH you funny man ! "With peak oil and the worsening economy, the advancement in manipulating the elements is not going to occur." HAHAHA you dont get it!! you dont have a choice stupid! Its already happened.Gold and Silver are not accepted mediums of exchange. You cant go into any regular stores and give them gold or silver coins. you say the advancement in manipulating elements isnt going to occur.. LMAO. ya why not? Because YOU SAY SO? HAHAHAHAHAHAHA HAAAAAAAAAAAAAAAAAA HA HA HA HA.

[jimbobubbadj]

captcave, you are talking about now dude. I am talking about the future. When the dollar and all fiat currencies collapse, gold and silver will be the mediums of exchange. They have been for thousands of years and will be again. Do some research Bro. All fiat currencies collapse.

[captcaveman4201]

your logic is unsound. for example you say. this is the way it is, and this is the way it shall always be. Let me ask you this. Did humans have the technology that they have now, over the last couple of thousand years? I know history perfectly well thank you very much. But YOU have seem to forgot, this little thing. " if you don't learn from your history, then you are bound to repeate it." Your way of thinkin is outdated. And it makes you out to look like a dumb asshole. with a closed mind.

[jimbobubbadj]

captcave, technology needs energy. Where is it all going to come from? The more technology the more energy. Technology does not mean energy. It is a means of utilizing more energy.

[captcaveman4201]

question- where is the energy gona come from? answer- solar and hydrogen. thats where.

[jimbobubbadj]

captcave, I think that thermal solar is a great idea. Will they be built or built in significant numbers to make a difference. Perhaps this is where we don't agree. I believe it is possible but no one seems to want to invest the money that it will take to do this.

[captcaveman4201]

its not soo much the cost of the items. it is about the ammount of money that the energy corporations loose. That is their strangle hold on the people. And they will stop at nothing to continue their scam.

[bunsh1ch1]

captcaveman4201 - Why do central banks hold gold if it is not money?

What vehicle are you using to store your wealth?

[RenegadeTimes]

@jimbobubbadj Correct ! And...when fiat falls and the gov't gives you $1 for every $3 gold and silver will still have worth. It's amazing how dumb people are about the mentals. History shows what it has done and will do. My brother and myself no longer wish to convert the minds of fools. we figure there will be more for us lol

[horsehorsehorse400]

@captcaveman4201 There are no new undiscovered silver mines. We may find more gold mines. The ancient peoples found all the silver. It is much more rare and used in industry. There will always be a Blackmarket. I know of real estate that sold years ago using diamonds and cash. When you take your Amero to the store, you will get a lot less but gold and silver will skyrocket and you can sell them at the local

coin shop, ebay, or corner shop. You must be young

[captcaveman4201]

@horsehorsehorse400 you are a fool if you think gold and silver are going to solve all of the words problems. Take for example if a home was burning down. Would you toss gold at the fire to put it out? Or would you rather work the problem out in your head, and say. We need to put water on the fire to put it out. Because it seems to me that you guys answer to everything is gold. Energy, climate, healthcare, terrorism, transportation, ect ect ect.. The answer to all of the worlds problems is GOLD!

[D33Lux]

@captcaveman4201 Check out the vid in my channel & tell me gold has no value. Do you believe in the truth or only value your opinion? FACT is Argentina, Ecuador, Wiemar, Africa, Rome, U.S. all had MASSIVE recessions & lost value in dollar Gold, silver, copper...etc have always retained value over thousands of years. Yes you have a point Gold/silver WILL not save the world, but its important to diversify. I have stored food, PM, all sorts of supplies, gasoline, candles, water storage...etc

[ytgv3fc7]

I've already seen videos of stores selling food for gold and silver.

[rentonsentinel]

As always, your commentary is much appreciated...!

[lorenavedon]

good video man! if we get a double dip in the markets and the dow goes back down to 6000-7000 i wouldn't be surprised if we don't see the pullblack in Gold like we did the first time around

[odin422]

dam i hope i can buy 100 ounces one day

[odin422]

hell yeah i did, silver was quite nice

[toshibavoodoo]

great

[BackBurnerNews]

Thanks for the update man!

[GypsyHustled]

I've been shorting the Euro and done well so far.  Do you think the Euro might strengthen versus the dollar soon? I think when the Euro stops falling is when gold will bottom.

[afsoldr]

@GypsyHustled I'm with you, once the Euro settles, gold/silver are bound to see very nice jumps. I think the Euro is likely close to the bottom if not there already. It's only being driven down by Greek concerns; which will likely see a short term solution or patch job soon. At the same time, the issues in CA/IL/NV/MA/etc are likely to start making folks rethink the safety of the dollar vs the Euro.