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A general deflationary trend in the commodities industry

November 3, 2014

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Discussion
57 Comments
    Nov 03, 2014 03:57 PM

    Buy and hold gold and silver investors will end up in the poor house.
    This is obvious. No bottom.
    People think they can sit on the sidelines and time the bottom, ain’t going to happen.
    The majority is always wrong. Keep cash, until that blows up as well.
    Economic Armeggedon is here. No one will be saved.

    Enjoy friends and family, build support networks.
    Don’t expect gold and silver to save you.

    It’s over

      save yourself…………do your own dd……………there is always a bottom, you just might not like where it is……………..it is never over till the FAT LADY SIGNS,,,but, she might be warming up………………………

        ps……….gold and silver is not a savior……..only a trade…………..

        “signs or sings”………wonder if that was a mistake, or a subliminal message coming out …………..

        Nov 03, 2014 03:45 PM

        You are right about there always being a bottom. Too bad no one knows where it will be. I’m with Doc in that I hope it gets here sooner rather than later

      Nov 03, 2014 03:41 PM

      There has to be a bottom James. The commodities industry has been around forever and will not simply blow away. Unfortunately there are still some tough times ahead.

      Nov 03, 2014 03:15 PM

      J the L……WRONG.

      Nov 04, 2014 04:48 AM

      Odd that those with money(gold or silver) will wind up in the poor house and those with nothing but debt certificates, notes or what ever that are backed by a promise will or might succeed. Something is not quite right with this situation. I think we have a crime in progress right before our eyes.

    Nov 03, 2014 03:05 PM

    Why can’t a parabolic move in the dollar be in the cards? So far the dollar rally has done only accompanied higher highs in the stock market. I am a long suffering gold and silver and mining investor (within reason however), but I can also read a chart.

    Nov 03, 2014 03:22 PM

    The Western world will by fully communist and socialist and dan coms fascist and you can’t complayn NO MORE ! https://www.youtube.com/watch?v=HCgUaWGYWXQ

    Nov 03, 2014 03:41 PM

    I notice that my usual PM physical provider’s prices are not going down with the spot price. Interesting reflection as to what physical is trading at.

    Nov 03, 2014 03:16 PM

    There will eventually be a bottom.
    However that doesn’t meam it will go up after that.
    Could stay down for years, or before it all ends

      Nov 03, 2014 03:22 PM

      I agree. The bottom does not mean a bull market starting but just another bear market rally.

    Nov 03, 2014 03:20 PM

    If you were in good ole conventional stocks you hit the lotto.
    If you were in gold, you were the chump, the sucker, the mark.
    Hurts saying it because I am in that camp, but nevertheless its true

    Nov 03, 2014 03:27 PM

    If we are seeing a deflationary depression the commodity stocks might not perform for many, many, years. We are entering a technological revolution in industry that is unparalleled and it will take down a lot of our old beliefs about employment and where the workforce is headed. I recently talked to several people who are feeling very stressed out about the future.

    Nov 03, 2014 03:30 PM

    There will be a bottom and soon. Not soon enough for my liking, but real soon. Gold will blast up from there. It should go right past where we are now, and have another pull back, but nowhere close to where it’s about to go now. It will hurt the minors, but very short lived and an awesome opportunity for us all!

      Nov 03, 2014 03:37 PM

      If we have just 3-4 more weeks of this move down, you’ll be absolutely correct—-and that’s what I’m hoping for.

    Nov 03, 2014 03:33 PM

    Get on with the washout already…!

    Nov 03, 2014 03:56 PM

    WOW!! Cory you made your most intelligent comment ever right at the end, no idea if you realize what you said but its 100% correct and its what creates deflation…Sit on the sidelines and wait for lower prices!!!!!!!!!!!!!

    Bingo! that’s deflation, why buy today that will be cheaper tomorrow….its that simple.

    How many miners are making new 52week lows, do you think there will be tax loss selling, ah hell yah!!

    Doc I’m really looking forward to late Dec early Jan as the big run last year off the Dec lows was a great long trade and all commodities rose with gusto until March 17th.

    Thing is we are going to need something to trigger a decent run higher breaking away from the global deflationary trend in play otherwise gold continues to be sell the rallies and the US equities buy the dips.

      Nov 03, 2014 03:03 PM
      Nov 03, 2014 03:52 PM

      JJ; that’s absolutely correct and I believe we’ll see it more and more in other assets, products, etc. As deflation takes hold, it’ll drive the central planners crazy since they have no weapons left except money printing.

        Nov 03, 2014 03:24 PM

        I think many on Wall Street would call this disinflation, not deflation, Doc. Its worth considering the difference, whether or not one wants to agree with it. We had the same setup in the late 1990s, as you will recall, and it was very difficult to call a top in the conventional markets and a bottom in the PM sector.

          Nov 03, 2014 03:38 PM

          You’re probably correct about that since you have inflation in other areas and not general deflation.

    Nov 03, 2014 03:49 PM

    I think we can see $500 gold In 2 years

      Nov 04, 2014 04:38 AM

      I think the mood on this forum will be much more positive in 2 years time than it is today James.

    Nov 03, 2014 03:03 PM

    as for what Dick Tracy says. I would gladly lose a huge portion of my pm investments if it meant that everybody in the country was gainfully employed and making a good living.

      Nov 04, 2014 04:32 AM

      I’m with heavyPockets. If everybody was gainfully employed in the USA, and making a middle-class-or-better living, then I would be grateful for precious metal manipulation. I could buy more precious metals and not tell anybody to do the same.

      It is the manipulation by the fiat currency fractional banking leaders who are causing this socialism-like grinding between regulation and inflation. This is destroying the US’ middle class, who, having no assets and only commodities and savings from earnings, are being sacrificed to the low interest rates and asset barter system by the elite.

      It is people who are trying to live off of their savings and saved commodities such as precious metals who are being suppressed by the governments’ and banks’ actions.

      As for the miners, they have proven themselves cowards trying to live within the rules imposed upon them from outside simply to get them to capitulate and be bought out by those others Rockefeller-style.

    Nov 04, 2014 04:30 AM

    US dollar at 87. On its way to 100+ in the next couple of years?
    Gold cannot manage to get back to 1180.
    Maybe we are getting the next trading range in gold 1000-1180? Or 900-1180?

    Nov 04, 2014 04:55 AM

    Richard,

    Wti oil hit my 78 target and pierced through it. I have a green light confirmation from certain indicators I follow. Get ready for extreme volatility and vix to spike. Hit my target to the tee. Long time target. We have a divergence. Lower prices coming.

    Nov 04, 2014 04:32 AM

    Looking for wti to go down to 72-75 then rally to what now will be resistance 78/80..

    Wti headed lower long term into 60 region with crb low next year.

    Nov 04, 2014 04:37 AM

    jj,

    I really don’t want to answer any of your post but I will this one time. Im not out to prove to anyone my worth and my work. I don’t follow anyone person nor do I follow a computer that was built by man. Has marty been good with his calls? no doubt.. But he has also been poor in calling any rallys in the short term etc. He has changes is timeline as well in the past.

    If you had any sense of what you post yo would know its full og ignorance and stupididty. You come on here and attack anyone that is not in agreement with you. You hide behind your computer and alias when gold goes up and re- appear when gold heads down. Your a premadona/bipolar tool.

    Everyone in here knows from my track record that I’ve called for lower oil prices since gary and bird where bullish and that goes a while back. I’ve been consistent with the 78 target for the longest time. It’s not a number I pulled out of my arce. I’ve been consistent with 78/80 gold/silver ratio for quite sometime is marty calling for that? I said we would hit that 78/80 target in oil and if it failed we would head lower. If I gave you 72-75 is a normal retracement call anyone can see that. 57/60 is very obvious longer term call that even rick called for. But if you had a little bit of memory you would know I called for 35/40 wti oil eventually long time ago. Now go do what your good at and retrieve my old calls and post them for us.

    And how about in the future you stick out your neck and show some targets or numbers or make a call when you buy and sell? Let me guess your pride is worth to much along with your ignorance.

    cheers

    May you be caught with your shorts nice and tight to your knees lol.