Gold and Silver heading up

[easyrider Senior Member Find all posts View Profile Close easyrider]

Gold is up $27.50. Silver is up $0.68. Today, someone has bought a half a billion dollars of gold futures.

http://www.zerohedge.com/news/2014-0...tures#comments

Could be gold increasing due to oil prices increasing. Maybe its the ending of the London Silver Fix nearing. The unrest in the world that is causing the petro dollar to lose ground is my bet. Recently, Russia has been trading oil for Yaun and Rubble instead of the USD. Iran has been trading oil for gold and was sanctioned for this move off the petro dollar. Iran has continued this oil for gold trade with Russia and China. Russia has decided to attack the petro dollar in retaliation for the sanctions in regards to taking Crimea.

Since silver prices are still low and have been kept low through market manipulations it makes sense that when the manipulation ends this August with the end of the London Silver Fix that silver prices will do something. Silver prices are still at or below production costs.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

Here we go again, BTW look at MO Phillp Morris stock is on fire

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Is gold and silver up after being down after being up, etc.?

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Gold is up $27.50. Silver is up $0.68. Today, someone has bought a half a billion dollars of gold futures.

Probably the guy that is advertising on TV that you should buy gold now.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

I sold what little silver we had a couple years ago. It is likely in the form of a pontoon boat now.

[easyrider Senior Member Find all posts View Profile Close easyrider]

Last August the 117 year old London silver fix ceased. Many silvertards like me thought that spot silver price manipulation would increase through comex silver and silver prices would continue to tank this year. Now it seems that comex silver could default this week. Speculation is that the default will be USD papered over and that physical silver prices will rollercoaster a bit before heading back.

Anyway, silver is now priced at less than 50% of its high. That is a pretty good dip, imo.

https://investmentwatchblog.com/come...ult-in-4-days/