Gold and Silver News October 3, 2011 06:30 AM

[jesuswinsalways1]

Hi GMM, Imprisoned Iranian christian pastor Youcef Nadarkhani is being sentenced to death in Iran for practicing christianity. He has been given the choice of publicly denouncing Christianity and returning to Islam or the death penalty. Please spread the word. Lets save this guy and put international pressure on Iran.

[thesilverjournal]

Isn't the FED doing QE3 now? ZIRP + TWIST = QE3 because with twist, the FED is selling short to buy long and with ZIRP, the FED is keeping short at 0%, so the FED must be buying short, right?

[flyinbry]

oh my gosh, get over Kiyoaki, he is a scam artist.

[1776Rosco]

Keep Stackin' !!

Ron Paul 2012 or BU$T !!

[biron120677]

Thanks Christian. Bought 1975 ounces yesterday!!

[davematherly]

w w w istockanalyst com / finance / story / 5452390 / silver-shorts-cover-nearly-hal­f-their-position-in-one-week

THIS IS GREAT NEWS!!!

[GoldMikeMaloney]

@davematherly

GREAT News! Once this tactic and short positions are removed, we will finally have as free a market as possible and like Mike says, "The will of the people will overtake the markets!"

[whaaaaaatsUP]

hold steady eddie!

[Tasadaru]

Sir, Robert Kiyoaki has posted on his "Conspiracy of the Rich" website that he expects gold and silver to go down a bit more. He is calling $1500 and lower gold but he said he would buy again if that happens. Thank you and Mike Maloney for the education.

[GoldMikeMaloney]

@Tasadaru

Thank you for your support!

[DreadeddLion]

Hey Christian, I have a question for you. Why is it so hard to find Platinum out there right now, all major dealers are either sold out or only have numismatic coins with high premiums. Is there a genuine shortage of platinum or are dealers just refusing to sell at these prices? I would greatly appreciate a response.

[GoldMikeMaloney]

@DreadeddLion

Not sure about platinum. We only focus on gold and silver. But I have seen gold production halt and we even had to remove our 1 oz Credit Suisse Bars because they stopped making bars.

[colinjockgraham]

@DreadeddLion ye same in germany, i can only find 1/2 oz.

[canadadad99]

Thanks for the updates.you guys are superheroes..i got 5 people into getting silver...

[GoldMikeMaloney]

@canadadad99

Thank you for your support!

[canadadad99]

Thanks for the updates....you guys are superheroes....i got 5 people into getting silver...

[yaahme]

For some reason me thinks you need a Genie Bottle sitting next to you...

[raspberrybaggio]

Thanks for the wise and reassuring words Christian. I just ordered another 20 ounces of Silver today. It's good to be with the good guys:)

[thane17]

Christian, what do you think the chances are that we have a deflationary market crash this quarter that temporarily drives gold and silver down further?

[GoldMikeMaloney]

@thane17

That's a tricky question. Tricky because if we measure prices in gold, then we are all ready in a deflationary economy, but if we are measuring prices in dollar terms, then we have an inflationary environment. So its tricky. But I understand what you are asking. I think the odds are 50/50. The market is on its toes and is kinda anticipating something. But what? No one really knows. But Mike thinks in the overall picture, this is all just white noise.

[GoldMikeMaloney]

@thane17

That's a tricky question. Tricky because if we measure prices in gold, then we are all ready in a deflationary economy, but if we are measuring prices in dollar terms, then we have an inflationary environment. So its tricky. But I understand what you are asking. I think the odds are 50/50. The market is on its toes and is kinda anticipating something. But what? No one really knows. But Mike thinks in the overall picture, this is all just white noise.

[mhoughgr]

omg what are you talking about? please get your facts right .. the Germans voted to approve the july EFSF total value incresed to €440 billion NOT 2 trillion!!! 2 trillion would be another hurdle which germany and others are vehemently opposed to, i.e. any further increases OR leverage!

[GoldMikeMaloney]

@mhoughgr

Yes they did not agree to 2 trillion. You're right. But I didn't say that. I said they agreed to support an increase. I said all signs point to 2 trillion. But I understand how that can be misunderstood and thank you for pointing it out. So far Germany has had a bigger bark than bite. What I mean is Angela Merkel has been very openly opposed to all these bail out measures like its populace, but their parliament has buckled under pressure each time. Time will tell. Thank U!

[mhoughgr]

@GoldMikeMaloney

It was accepted that their parliament would approve the 440 billion, but they have said no more in very clear terms backed by the german courts ruling and germanys finance minister even calling the 2 trillion leverage plan 'stupid'. And thats just germany, there are others opposed such as slovakia, finland etc. The only way the ECB will be able to print money like the FED is if germany leaves the euro and it can then devalue.

[TABOOVSKNOWLEDGE]

We are all being legally robbed.

[mrzack888]

the 2 trillion euro package will create stability at best. but not a solution.  only creating a larger inevitable crash later on.

[jhhgz]

Thanks Christian. What would it take for the gold and silver price manipulation to stop?

[GoldMikeMaloney]

@jhhgz

The end of manipulation is close. Their only tactic is to raise margins and shake out the weak hands like in the beginning of May and the last 2 weeks. Soon they will not be able to do these types of hikes. True price discovery is on the horizon. Keep accumulating!

[zalida100]

Nice one christian - thanks

[FortuneSeek3rz]

Is it a concern that the gold:silver ratio has ballooned out to about 1:53 ? This seems like a bearish development for silver.

[bezant1971]

@FortuneSeek3rz agreat opportunity to buy XAG, =)

[GoldMikeMaloney]

@FortuneSeek3rz

We do not look at it as a concern. Last year it was 1:69. So it is still bullish in our minds!

[SIERRAHPBT]

@GoldMikeMaloney not to long ago it was as much as 1:84

[notpcone]

GET OUT OF STOCKS!!!!!

[notpcone]

We miss Mike !!!

[dowhatuwill]

I have one question simple but maybe hard to answer question: How much unbacked paper silver is out in your opinion?

[Wittmann73]

@dowhatuwill

some people say there are 100 paper ounces for one real ounce

[GoldMikeMaloney]

@dowhatuwill

Depending on your source, anywhere from 40-100 oz of paper silver for every 1 oz of physical silver

[dowhatuwill]

@GoldMikeMaloney Thanks Christian , Appreciate the quick response.

[woo081]

first