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

4th Quarter Begins.

Thank You GoldSilver.com fans!!!

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[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!

[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!

[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?

[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.

[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!!