When opportunities arise , be prepared to take advantage.
This article will have foot notes in brackets OHHH AHHH (1)(2) etc..
If you woke up in the morning and found out that for some reason you local supermarket was selling everything in the store at a 5% discount or a 10% discount and you were also told that the sale would end but you were not told when, would you go down and stock up on your groceries a little bit?
If your friend came over to your house and let you know that there was a gas station in town that not to many folks new about , but the owner for some mysterious reason was selling his gasoline for much less then everyone else in town, Possibly 15 or 20 cents cheaper, would you go down and fill up your tank?
I mean you knew that the Price of gasoline had no reason to fall, and the price of food was rising every place else and the price of wheat and corn were going through the roof, and so bread should be going up but for some reason this store was selling it less than wholesale. Would you argue or take advantage of the situation?
Well this morning was one of those mornings, Gold and Silver were down, Inflation is UP. The federal Reserve is seriously contemplating LOWERING the interest rate by up to .75 bases points,
(1) (
effectively flooding more paper Tigers in to the market). South African Mines will be functioning possibly on only 95% power supply.
(2)IN Another African x-
British colony that can't seem to function properly anymore due to poor
decision making,
RioZim one of the largest producers/
mining companies in
Zimbabwe shuts down
Renco gold mine reportedly due to non-payment for its gold bu the country's Reserve Bank
( 3)Folks in the media are talking about god down amid stronger dollar yet the DOLLAR is down against the Euro needing 153.3 dollars to buy ONE Euro as of that statement and when the fed lowers interests rates again this month it will most likely head even lower. As for the British Pound Sterling, a week ago it took 1.98 to buy one British pound and this morning it would take 2.018 ( Almost 2.02) So lets not pretend that the Dollar is doing anything but loosing purchasing power. Or that a stronger dollar is the cause for falling Silver and Gold prices. What we have here are a few possibilities : 1 Fund managers with computer generated buy and sell options that kick in. 2. Manipulation through some government threat to sell hoards of metal. 3Manipulation of the rules on the COMEX for margins. This last one has been very effective in the past but only a temporary issue in the present. In relationship to the Hunt brothers in the late 1970's early 80's
When the Hunt's had begun accumulating silver back in 1973 the price was in
the $1.95 / ounce range. Early in '79, the price was about $5. Late '79 / early
'80 the price was in the $50's, peaking at $54.
Once the silver market was
cornered, outsiders joined the chase but a combination of changed trading rules
on the New York Metals Market (COMEX) and the intervention of the Federal
Reserve put an end to the game" (4)
The officials at COMEX moved to check this cornering of the silver market by raisng margin requirements. The highly leveraged Hunt Borthers were unable to meet their margin calls, and were forced to sell. (5)
Inflation was running wild and the Hunt brothers, 2 of the richest men in America ( OIL MEN IN TEXAS) made the mistake, in my humble opinion, of understanding the issue of Fiat money, but underestimating the international bankers in the Federal Reserve and those in charge of the COMEX. They also ran afoul of another family that was big in OIL... the BUSH family. Hey competion can be pretty dangerous at the top.
Well folks the federal reserves has no more Silver Reserves to dump on the market, but the COMEX still can change the rules as they see fit. However I do not think that CHINA cares what the COMEX does.
Well folks it may get even cheaper, but for how long who knows, the indicators are all looking to force the price up as compared with falling dollars and the onslaught of looming inflation.
Look for better quality coins that have some numismatic value even if that value currently absorbed by the silver price, Call me if you want 352-362-2212 and I would be glad to explain that concept in detail,
I am not a "financial adviser" but I do own a Bible.
I am not telling you what to buy or what not to buy, but I am sharing with you what I think and why. You should all adjust yourselves according to your own research and findings, that is why I have put so many references on this web-site and so much research material.
God Bless
IN Christ
The Preacher/
(1)U.S. Stock Futures Gain After Goldman Says Fed May Reduce Rates
By Eric Martin
March 10 (
Bloomberg) -- U.S. stock-index
futures advanced after Goldman Sachs Group Inc. said the Federal Reserve may reduce interest rates today following the fastest loss of American jobs in five years. ....
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