Dow and SP500 Crash could start this week

I see some of you guystalking about going to the gold standard. I could be wrong but I thought gold would have to be priced at 10k an ounce to back the US Dollar.

originally posted by: neutronflux
a reply to: Phage

Especially if gold hits a high that motivates companies to mine the almost unlimited amount of iron, gold, and silver from asteroids.

Pick a metal that is rare and relatively consumed in mass by manufacturing.

You cannot eat gold.

If it really goes to heck in a hand basket, I think ammo and guns will be the new currency.

Bottlecaps maybe?

You can't eat gold, no. Im not banking on a Fallout type world in my lifetime though. Gold has always been a steady store of wealth. If the USD finally does give up the ghost, I bet dollars to donuts that the "new" currency will go back to being backed by gold. Which will make it valuable even in the "new" currency. You can't lose with gold.

I think the fed will trigger it raising the rates against a strong dollar in march. unless some event alters it. Soo many stock getting hit and markets still climb. More artificial rising of the bank stocks and probably oil will hold it up until then. i see the dollar starting it's long decline about mid september. QE4 eventually. Play the volatility. it's apt to get bumpy soon....1 trillion sub prime auto loans. 1.2 trillion school loans defaulting at 11-13% rate a month if i remember correctly and still 12 trillion in sub prime mortgages outstanding. USD Chart really starting to look like 1999 all over again.. but then there's always war to fix it all..

a reply to: tonycodes


If the free market was setting the price it probably would have been 10k an ounce long since. It's the free price of silver that interests me. The suppression has it at about 70/1 with regards to gold, where historically, without its modern industrial usage it was around 15/1. Since all the worlds silver output is being used for industrial usage. reality suggests a major reset. Personally, I'll hoard as much as I can because I like the stuff.
I think this was interesting about the antibiotic effects of silver,who would have thought? www.themedicshack.net...

originally posted by: KEACHI
a reply to: tonycodes

It's gonna have to happen sooner or later. I would prefer to get on with it.

Actually, the far more likely scenario is that it continues to climb indefinitely, with an occasional correction.

originally posted by: Corruptedstructure
I think the fed will trigger it raising the rates against a strong dollar in march. unless some event alters it. Soo many stock getting hit and markets still climb. More artificial rising of the bank stocks and probably oil will hold it up until then. i see the dollar starting it's long decline about mid september. QE4 eventually. Play the volatility. it's apt to get bumpy soon....1 trillion sub prime auto loans. 1.2 trillion school loans defaulting at 11-13% rate a month if i remember correctly and still 12 trillion in sub prime mortgages outstanding. USD Chart really starting to look like 1999 all over again.. but then there's always war to fix it all..

Raising interest rates would result in an even stronger dollar.

The student loan default has fallen from 11.8% a year ago to 11.3% (annually, not monthly.) That doesn't mean they won't be paid back - my wife and I both defaulted on ours, and both paid them back, with all the interest and fees. You don't get much choice, as they never ever go away, unlike every other type of loan.

Subprime auto loans are still profitable. They're structured so that the lender almost always has an equity position. Yes, some stop paying and hide from reposession, but overall, it's not "lost money" for the banks.

As for subprime housing, the only time those loans hurt the banks are when home values are decreasing. If they're on the rise, they collect a bunch of high rate interest until foreclosure, then they sell the house at a profit.

None of these things are a concern for the economy.

a reply to: dogstar23


I don't think so, a few kicks of the can is all its got left. A lot of the debt is held in developed countries, which globalises and toxifies their economies. So they are going down as well.independenttrader.org... The German bank is offering 5% interest as a show of desperation to garnish liquidity.
We will be playing catchup with the Chinese and Russian gold exchanges ,America and Europes population are too divided to go to war, it would be to dicey for the ruling elites. As Putin is getting popular among the working classes, and China guarantees a lot of jobs, and cheap goodies, like Computers TV's Cars.In fact most of what is being made....So thank you Globalists for making my country, unskilled dependent and broke.

a reply to: dogstar23


I just came across this, it contains a transcript of the Banks rigging the Silver market. If they are doing the silver then they are doing the gold as well...which means if it wasn't for the rigging the prices of the metals could be a lot higher. wallstreetonparade.com...

markets getting stupid now if they were not already haha. www.cnbc.com...

a reply to: Corruptedstructure

So it looks like back to the future, stagflation etc.

Raising interest rates would result in an even stronger dollar.

Which is bad for the market. and will cause more QE to keep it propped and more inflation. the reset it can't be stopped. it's not suppose to be. this is all to bring about a one world currency. the rest is a dog and pony show..

well thankfully this did not start yet. Im expecting the correction between May and July. When you look at historical charts and patterns, there seems to be a regular decline during those periods. Nothing major, but enough to have the analysts changing the tune for the quarter.

a reply to: Corruptedstructure


The SDR is a world currency, they just called it Special drawing rights so it doesn't sound like it.The problem is that the directors are dictators and lots of other nasty people.

a reply to: anonentity

watch a "real" (biometric) ID system be pushed after the crash due to all these illegal refugees and probably some type of cyber attack on the system

a reply to: Corruptedstructure


I often wonder, with Russia and China being very cagey with regards to their gold reserves, that they haven't already done the maths.To actually wipe world debt, gold would have to be revalued around fifty thousand an ounce , and silver at around ten thousand, at the present dollar value. This would wipe world debt. I cant see that they have any other choices. Its obvious that the present system has reached its use by date.
If the debt is calculated in ounces of gold. the present price of gold and silver has in reality been undervalued to keep the Ponzi going, which has been the case. At present the West by manipulating the spot price, have essentially been giving Russia and China a gift. The Chinese according to one source (Rickard) had a military convoy escorting tons of it to their central bank.
The only reason the West left the Gold standard back in Nixons day was that he realised that by about now if they paid for Arab oil with gold the U.S reserves would be finished. Thus they hid the gold away and started the petro dollar. What's the betting that they now find the gold again?
When you have the likes of Rothschild leaving the share market and heading for gold it would be wise to take heed.www.youtube.com...

from what I read...more than 6 independent sources...

there is a 5% correction very/very close at hand

the S&P 500 will reach the 2400 level then the pullback will take place

then will quickly regain all the losses and reach new highs in S&P, DOW, NASDAQ, Russell2000
until the markets react to the continued Trump Uncertainty factor & with a 2nd rate increase in 2018

you should have been stacking silver in all of 2017

a reply to: St Udio



Looks like their is an arbitrage in the silver price between the New York spot price and the Shanghai gold exchange. Can we assume that Morgan Chase has given up on the shorting because its getting to expensive, to take out the short positions.?

a reply to: anonentity

I don't know much about the metal market, but have made good money from it.

What is your thought of a $17 silver? I think it could go up fast.

a reply to: seasonal


It was over eighteen last time I looked, the reality of silver is that its a gift at that price. Its the only commodity left that hasn't reached its all time high of fifty dollars, I think when it does it will go stellar. Mainly because the free market price should be a great deal higher. Its getting harder and harder to mine, and all the worlds yearly production is going into electronics . Should be at least 8/1 with gold, because that's the proportion with regards to what's coming out of the ground compared to gold. As far as Ponzi money goes its given everybody a gift in suppressing its market price. But if the gift isn't taken ?

I am seriously hoping that its price does go down, so I'll get some more. Because when Shanghai reality hits the markets it will be hard to find the physical stuff.

a reply to: anonentity

I have seen many different prices to get it out and processed, is there a universally accepted cost to this?