After consolidating around $31.40 and $1665 throughout the overnight Asian and London sessions, both gold and silver have just made significant vertical moves to the upside on the COMEX open, ahead of this afternoon’s Fed announcement at 2:15pm EST.
Silver has made an .80 vertical move to the upside to $31.98, and gold added $20 to $1681, where it has paused at an exactly 1% gain, a typical capping level for the cartel.
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Silver’s move to $32:
Gold moving strongly off of Jim Sinclair’s $1650 towards $1700:
Don’t be surprised to see significant volatility with this afternoon’s Fed statement. We would not be surprised to see the Fed attempt to push propaganda that they plan on ending QE at the end of 2013, and attempt to smash the metals on the FOMC release.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
DOC ….This was the catalyst for the vertical. I had Bloomberg on in the background at the time and heard the news below
http://online.wsj.com/article/SB10001424127887324156204578273611039517142.html
Nice to see for a change. Could this be the real start of a serious upleg? Hmmmmmmmm???
@SilverSlicker: I’m looking for a smackdown any minute now. There is an FOMC meeting today.
Well we will see what happens today at 2:30 and see if we get a smack down. I’m not getting too excited until I see the spot going over $35.25 then I’ll really get excited.
If they raise the interest rates today then I believe we will be on our way. Keep Stacking
They’re not going to raise interest rates.
Expect the spike down about $1.10 to begin in about 20-25 minutes…..”nothing to see here, move along” as the saying goes….
It’s time JPM/HSBC flow red from every oriface.
oooooh I love it when you talk dirty…..LMAO
@Zeta Zilver: In re your link http://online.wsj.com/article/SB10001424127887324156204578273611039517142.html, unexpected, my @$$, malice aforethought is more the case.
Rumor has it that the central bank of Zimbabwe took its entire account balance of $271, leveraged it 1 billion to one and bought the GLD ETF.
Looks like the phyzz markets took a large dose of silvagra. PM’s got wood.
2 months ago the ECRI showed the GDP moving into negative territory in the 4th Q. Wait until the first Q results come out. The stock market may have a bad day.
$271 leveraged a billion to 1? The GLD etf only has assets of $72 billion.
You’re a sick puppy…but I LOVE it!!!!
“$271 leveraged a billion to 1? The GLD etf only has assets of $72 billion.”
OK, so it’s 265682656.8265683 to 1. There. All fixed. ;-)
luciferian glitch? or power up time ? only the Shadow knows !
Good to see a boner, versus a trip down a mine shaft for once. We must be vigilant though..
We have the fed speaking this week, and phony BLS numbers coming out.
In other words… STAY CALM AND SLAVE ON! lmao.
a luciferian ‘power up’ would be $34.00 Today at close
Picked up 23 ASE’s from a private seller yesterday for $2.75 over Spot. At the time of the sale I felt bummed because Spot had risen up $0.45 since the mkt. open; don’t feel too bad about that right now though.
The stack of ASE’s was a bunch of mixed dates. Just for kicks, I listed the five 2012-dated ASE’s on Craigslist for $38/ea ($190 total). No response yet…will keep y’all posted.
I have some german silver rounds with a marijuana leaf on one side, and an ak-47 on the other I’d be willing to part with for spot if you’re interested.
@Canadian Dirtlump, thanks but I wouldn’t wipe my ass with german toilet paper.
Also, I generally stay away from generic Silver rounds and prefer junk & .gov mint rounds like ASE’s, Maples, and Wildlife Series coins.
“I have some german silver rounds with a marijuana leaf on one side, and an ak-47 on the other I’d be willing to part with for spot if you’re interested.”
Would that be spot for nickle, copper, and zinc? lol
Mageofmaple I forgot to tell you, I’m bad at math. Good for the banking biz, bad for the posting biz
Not so, AG. Banksters HAVE to be good at math but only in their favor. ;-)
Let’s wait and see what the Asian Markets do tonight, if they continue to add to the vertical, all may be over but the shouting!
ranger that !
I would love a short squeeze that would curl blythe’s toes to play out.
Eh Dirt, I’d love a short squeeze, too, if you know what I mean…..LMAO.
yeah, just like prom night lmao. kwn article from trader dan says north of 32.50 a short sqizzle may start…
ok ! luciferians power this thing Up, close that 50-1 ratio between Gold & Silver ,and make us happy tooooo
I guess you can call closing the Gold/Silver Ratio creating New Wealth for our flimsy economy.
Just the old pump and dump profit taking on fake news from the FOMC.
That’s right Ed, I remember now
One for me, one for you. Two for me, one for you, Three for me, one for you. It’s all coming back to me. Those were the days lol