If we dont produce anythgin, we get "out produced".
All that we presently produce is science and technollogy, and the chinese and indians are catching up fast.
This, along with news that the chinese were setting up oil fields in iran, has screwed up all american toughness in the world.
Britain has gone right into Europe, so we are safe. And the USA ? Well, hopefully, most of their bases across the world wil have to be closed, when they og bust.
I expect people to take profit pretty soon. Remember most of the gold and silver activity is the contracts in the futures market such as comex nearing expiration so the are rolling over their massive short position and buying back the contracts and will be putting massive shorts on the next months contract which will take over as the front month.
And gold $970! Wonder if it will crack $1000 tonight? That would be a psychological barrier too and maybe then attract further interest - and that helps silver too (and $14 would be a bit of a psycho barrier there too - could be $1000 Au and 414.50 Ag tonight?
Please read Jim Sinclairs most recent Mineset article. He is the ultimate specialist in mining and commodities. He states that Feb 13 2009 is TOTALLY OUT OF CONTROL. There is no longer any means of reversal of the beginning of the final phase of the downward spiral now solidly set in motion. For your sakes, protect yourselves immediately. Perhaps this represents a catastrophic prediction that outwardly did not seem that apparent at first.Thanks.
How would you devalue the US dollar in one day now that is not backed by gold or silver? I mean, you can devalue the dollar by creating inflation, that leds to raising prices, but they are doing that alredy. They are devaluating the dollar and during this year prices will raise heavily. But what kind of event or announcement are you expecting from the G7? Can you clarify?
China does it... they just come out and stipulate exchange rates. but honestly, I dont think they will overtly stipulate rates... These sorts of meetings have a history of setting monetary policies - i think the us has its back against the wall and needs to devalue their currency... hell - im not saying anything new - im just saying it will be put into motion after g7
I dont think you are wrong. I think you are right about the dollar going down. In fact they have done it alredy. The inflation has been created, and there is no way the Fed can drain the system effectively. High price inflation (double digit) is coming for sure this year (not sure hyperinflation, but only considering that it may happen its fucking scary). Said that, I dont see the Fed holding some fixed exchange. I dont see a devaluation event. I see it happening quick but progresively. Will see
i am not gonna use the word, but do the math around bejing fires/wtc and how it is presented to the people of russia, china iran etc + beverly eckert ny plane crash = a lot of 9/11 shit again + 200 billjon of bailout is to bail out china and other foreign investors with printed money = something is going on
I just had a thought. What if the banks have been secretly buying up the metals but keeping their short positions so when the dollar is devalued they can cover their shorts and let the price of the metals skyrocket to pay off our debt?
yes, ive stopped buying silver as its over my set price of $20 Australian. I've locked in the exchange rate at 0.65c (see my silver hedging video) and I'm ready now for the dollar to fall over and silver to go to the moooooon! ;)
I think gold will naturally appreciate, but not as fast as silver. If I owed gold, I'd be swapping it for silver pronto.
See, I'm debating this very idea with myself. I've got roughly 6oz of gold and I keep thinking it'd be a good idea to sell some and get more silver (right now I've only got around 500 oz) -BUT, then I keep thinking that I should forget that idea and wait for gold to really rise so that I can then pay off all my debts (I'm pretty sure I don't want to hold onto gold too long since I see gold confiscation or heavy gold taxation down the road). What to do?
I've heard some people recommend having at least a bit in gold in case WW3 happens and global martial law and confiscation of all assets - at least gold can be carried on your person - silver is HEAVY!
Pretty extreme scenario - but it's happened in history before - people forced to flee and leave everything behind.
go to the kitco forum board check the gold discussion search out the following thread
"U.S. Rare Coin & Bullion Reserve Ad -Scam"
they advirtise on cnbc and have coupon from the american legion feb issue magazine. i ordered 10 10thers 1 ounce for 870 w/ shipping read all the posts do your own due diligence
on a side note... i agree w/ your assessment of a looming dollar devaluation... on the heels of china's "we hate you guys" & "we know the $ is going to depreciate" this is where TPTB step in and announce the devaluation as if it was their choice and needed, lol... seen this maneuver before. the dollar was gonna drop anway so why not just take credit for the inevitable and claim it was a choice
I do not put a whole lot of faith in Reinhardt however, I do beleive that if his predictions are relevant and the 2/9 was pushed back by one day then his 2/13 could be pushed back 1 day also. Since the market is closed here on Monday lets see what happens Tuesday. I entered oil and Agri long positions last week. Also holding miners and some Au n Ag. I see a crash in 2.5-4 weeks from now mid March. Be prepared John! Also see a piull back in metals until then. Time to load up if that happens
I feel that starting Tuesday, the beginning of end will start and culminate sometime in March...Get your gold/silver NOW before you can't get it anymore!! Great vid!!
I agree but that is new highs in nominal terms, but in real terms with inflation calculated in it will be a negative gain and thus a reduction in wealth. Also that would be commodity prices such as gold and oil will sky rocket.
****check this link**** from jim sinclair... i guess i can't embed it but it's from the comingdepress blogspot which you can google... bit of a red alert for over the weekend
Reinhardt, like anyone who claims to have all the answers, didn't.
I suspect China's absence is voluntary; I also suspect they prefer not to discuss their plans in open forum.
Can we expect a drop in silver prices with a devaluation of the $US? And how long would that drop last, if it did? Or has the decoupling of PMs from their previous inverse relationship with the $US created an opportunity for a PM price surge?
I think if the dollar lost 30% of its value Silver would go up much much higher than 30%. Just in the last month alone the dollar is up 2% and Silver is up 30%!
I think the dollar is only 1 of many influences on the metals for example Silver should be much higher than it is relative to where the dollar is now so further dollar weakness may accelerate the appreciation of Silver due to investment demand. and speculation.
In 1981 people were just starting to read newspaper articles on computers. A reporter said it's still a few years off before hard newspapers become obselete and everyone is reading them on computers. Predictions that foresee big changes are usually made way early.
Django Reinhardt is never wrong!
MyMelancholyDodo 2 years ago
If we dont produce anythgin, we get "out produced".
All that we presently produce is science and technollogy, and the chinese and indians are catching up fast.
This, along with news that the chinese were setting up oil fields in iran, has screwed up all american toughness in the world.
Britain has gone right into Europe, so we are safe. And the USA ? Well, hopefully, most of their bases across the world wil have to be closed, when they og bust.
I know its bad, but they went nazi, basically.
mikeybrumbrum 2 years ago
bid = 14.11
ask = 14.14
up .44
that's five 1's and five 4's - 1+4=5
coincidence?
:P
johnwik 3 years ago
I expect people to take profit pretty soon. Remember most of the gold and silver activity is the contracts in the futures market such as comex nearing expiration so the are rolling over their massive short position and buying back the contracts and will be putting massive shorts on the next months contract which will take over as the front month.
formulaprimer 3 years ago
Ever since monday silver has been going up up up up though. Maybe what he was talking about is undergrounded. Not for the plan eyes to see... yes?
JurkoffJay 3 years ago
Typo -$14.40 not 414.40
Brainman94 3 years ago
Silver just hit $14 on spot
nanaroborovskii 3 years ago
And gold $970! Wonder if it will crack $1000 tonight? That would be a psychological barrier too and maybe then attract further interest - and that helps silver too (and $14 would be a bit of a psycho barrier there too - could be $1000 Au and 414.50 Ag tonight?
Brainman94 3 years ago
I'm not so optimistic, but it'll be nice if that happens. I am looking for $1k POG and $15 POS by week end. =)
nanaroborovskii 3 years ago
Did anyone read Ted's latest article "Only One Seller Left?" there now appears to be only one major short seller.
ltse 3 years ago
Luke Rhinehart = the dice man =)
Reed the book the 'search for the dice man' and you'll get the joke....
snakecharmer133 3 years ago
If nothing happens tomorrow then forget about the guy
SoloCerveza 3 years ago
Hillary is going to China
nextdimensions 3 years ago
But they are so small :)
linux23dragon2008 3 years ago
Please read Jim Sinclairs most recent Mineset article. He is the ultimate specialist in mining and commodities. He states that Feb 13 2009 is TOTALLY OUT OF CONTROL. There is no longer any means of reversal of the beginning of the final phase of the downward spiral now solidly set in motion. For your sakes, protect yourselves immediately. Perhaps this represents a catastrophic prediction that outwardly did not seem that apparent at first.Thanks.
punc8295a 3 years ago
FYI - President's Day Holiday this Monday - US Stock Markets will be closed, as will be banks.
javagator001 3 years ago
30 year bonds crashed on friday
zebb1111 3 years ago
Cool vid - keep up the good work!
smithma01 3 years ago
Dual brows baby, you've plucked haven't you?
smithma01 3 years ago
that's very petty and immature.
batgirl791 3 years ago 2
How would you devalue the US dollar in one day now that is not backed by gold or silver? I mean, you can devalue the dollar by creating inflation, that leds to raising prices, but they are doing that alredy. They are devaluating the dollar and during this year prices will raise heavily. But what kind of event or announcement are you expecting from the G7? Can you clarify?
hugolp 3 years ago
China does it... they just come out and stipulate exchange rates. but honestly, I dont think they will overtly stipulate rates... These sorts of meetings have a history of setting monetary policies - i think the us has its back against the wall and needs to devalue their currency... hell - im not saying anything new - im just saying it will be put into motion after g7
stellaconcepts 3 years ago
I dont think you are wrong. I think you are right about the dollar going down. In fact they have done it alredy. The inflation has been created, and there is no way the Fed can drain the system effectively. High price inflation (double digit) is coming for sure this year (not sure hyperinflation, but only considering that it may happen its fucking scary). Said that, I dont see the Fed holding some fixed exchange. I dont see a devaluation event. I see it happening quick but progresively. Will see
hugolp 3 years ago
who's gonna blink first in the international printing game?...............
thirstybullet 3 years ago
i am not gonna use the word, but do the math around bejing fires/wtc and how it is presented to the people of russia, china iran etc + beverly eckert ny plane crash = a lot of 9/11 shit again + 200 billjon of bailout is to bail out china and other foreign investors with printed money = something is going on
OPPI007 3 years ago
What percentage of Aussies hold actual physical Silver and Gold?
1% of 1% of the population?
dojufitz 3 years ago
Its uncommon - no-one I know.
stellaconcepts 3 years ago
Do you pay a spot price on all your silver too, or are you getting a deal some how?
JurkoffJay 3 years ago
I just heard that the Perth Mint sold more Gold coins this month than shipped in the first half of 2007!
tradergee1 3 years ago
I just had a thought. What if the banks have been secretly buying up the metals but keeping their short positions so when the dollar is devalued they can cover their shorts and let the price of the metals skyrocket to pay off our debt?
tradergee1 3 years ago
Good vid. Always good to hear more viewpoints. Subscribin'.
JCSY44 3 years ago
China wants to see what the G7 will do and act accordingly. By not attending they can not be blamed for now following agreed upon planning.
formulaprimer 3 years ago
John are you still buying Silver....or have you stopped - i thought i hear you say 'thats me for Silver - my last"?
Also what are your thoughts on Gold being repriced - at a much higher amount.
dojufitz 3 years ago
yes, ive stopped buying silver as its over my set price of $20 Australian. I've locked in the exchange rate at 0.65c (see my silver hedging video) and I'm ready now for the dollar to fall over and silver to go to the moooooon! ;)
I think gold will naturally appreciate, but not as fast as silver. If I owed gold, I'd be swapping it for silver pronto.
stellaconcepts 3 years ago
I was referring to rumours that the Fed might reprice Gold - i think it sits at $40USoz on their books - or something like that?
dojufitz 3 years ago
See, I'm debating this very idea with myself. I've got roughly 6oz of gold and I keep thinking it'd be a good idea to sell some and get more silver (right now I've only got around 500 oz) -BUT, then I keep thinking that I should forget that idea and wait for gold to really rise so that I can then pay off all my debts (I'm pretty sure I don't want to hold onto gold too long since I see gold confiscation or heavy gold taxation down the road). What to do?
medulalumosa 3 years ago
I've heard some people recommend having at least a bit in gold in case WW3 happens and global martial law and confiscation of all assets - at least gold can be carried on your person - silver is HEAVY!
Pretty extreme scenario - but it's happened in history before - people forced to flee and leave everything behind.
Brainman94 3 years ago
go to the kitco forum board check the gold discussion search out the following thread
"U.S. Rare Coin & Bullion Reserve Ad -Scam"
they advirtise on cnbc and have coupon from the american legion feb issue magazine. i ordered 10 10thers 1 ounce for 870 w/ shipping read all the posts do your own due diligence
cabaretvolt 3 years ago
If you had a credit card with $6000 available, would you buy metals with it?
I never use the card because it's got a high finance charge, but if things are this bad maybe I should get some more metal.
(as usual I won't make a decision solely on your advice, but I do respect your opinion and would appreciate your thoughts!)
johnwik 3 years ago
wats the rate of interest? anything under 20% and i'd be maxing it out - expecting to make waaaay more than 20% in a year!
peter schiff said recently "take credit from anyone stupid enough to lend you money and buy real assets with it"
I've put a little on cards.. not much - but enough.
ebay takes credit cards.
stellaconcepts 3 years ago
I think it's right up around 20%.
I actually have $12,000 available but the idea of maxing it out frightens me a bit so I was thinking half of that would be good.
I'll have to give it some thought. I know DaVinci suggests using cards if you must but I've avoided that up to this point.
If I could double it by the end of the year and pay if off while keeping the difference it would be nice.
I have only silver at this point, but maybe I'll get some gold with it.... hmmm...
johnwik 3 years ago
on a side note... i agree w/ your assessment of a looming dollar devaluation... on the heels of china's "we hate you guys" & "we know the $ is going to depreciate" this is where TPTB step in and announce the devaluation as if it was their choice and needed, lol... seen this maneuver before. the dollar was gonna drop anway so why not just take credit for the inevitable and claim it was a choice
cabaretvolt 3 years ago
and probably why china didnt go to the g7 conference... pretty much saying "we'll handle our own affairs from here on thank you very much"
once you start seeing the dollar head south - A LOT of money can be made trading it.
stellaconcepts 3 years ago
I do not put a whole lot of faith in Reinhardt however, I do beleive that if his predictions are relevant and the 2/9 was pushed back by one day then his 2/13 could be pushed back 1 day also. Since the market is closed here on Monday lets see what happens Tuesday. I entered oil and Agri long positions last week. Also holding miners and some Au n Ag. I see a crash in 2.5-4 weeks from now mid March. Be prepared John! Also see a piull back in metals until then. Time to load up if that happens
feud1111 3 years ago
I feel that starting Tuesday, the beginning of end will start and culminate sometime in March...Get your gold/silver NOW before you can't get it anymore!! Great vid!!
macadily 3 years ago
that should have read comingdepression blogspot apologies
cabaretvolt 3 years ago
very interesting
stellaconcepts 3 years ago
How low do you think the dow is going?
limitedplay 3 years ago
I think the dow will reach new highs in the next 5 years... due to the inflationary crisis america has committed to.
stellaconcepts 3 years ago
I agree but that is new highs in nominal terms, but in real terms with inflation calculated in it will be a negative gain and thus a reduction in wealth. Also that would be commodity prices such as gold and oil will sky rocket.
formulaprimer 3 years ago
****check this link**** from jim sinclair... i guess i can't embed it but it's from the comingdepress blogspot which you can google... bit of a red alert for over the weekend
cabaretvolt 3 years ago
Reinhardt, like anyone who claims to have all the answers, didn't.
I suspect China's absence is voluntary; I also suspect they prefer not to discuss their plans in open forum.
Can we expect a drop in silver prices with a devaluation of the $US? And how long would that drop last, if it did? Or has the decoupling of PMs from their previous inverse relationship with the $US created an opportunity for a PM price surge?
=^[.]^=
Raycheetah 3 years ago
if the dollar devalues, it means anything against it instantly appreciates. Lets say they drop it 30% then silver goes from $14 to $17.20 overnight.
stellaconcepts 3 years ago
I think if the dollar lost 30% of its value Silver would go up much much higher than 30%. Just in the last month alone the dollar is up 2% and Silver is up 30%!
tradergee1 3 years ago 2
the "panic demand" would be very high indeed. I heard Dave Morgan say that there is only a 7 year above ground supply of silver.
thirstybullet 3 years ago
I think the dollar is only 1 of many influences on the metals for example Silver should be much higher than it is relative to where the dollar is now so further dollar weakness may accelerate the appreciation of Silver due to investment demand. and speculation.
tradergee1 3 years ago
In 1981 people were just starting to read newspaper articles on computers. A reporter said it's still a few years off before hard newspapers become obselete and everyone is reading them on computers. Predictions that foresee big changes are usually made way early.
howitzer24 3 years ago
of course he was wrong.
First by the way
JurkoffJay 3 years ago 2