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Looks like we are getting a major dip today in precious metal prices.

A lot of you have probably been following the metal market longer than me.

From what I remember the last several years, it seems that December is always a good month for precious metals.

What is different about this year?

The bullion banksers without fathers are intentionally, with malice aforethought, setting about through their manipulative efforts, to systematically destroy all technical expectations that anyone considering entry into precious metals positions might entertain as to give them a sense of direction. Seasonal strength means nothing in a rigged market. Only physical scarcity, resource depletion, will cause prices to undergo a sustained rally in this environment.

I am still buying...and can get every year and type coin I want (mostly Kooks and U.S. Junks). I flat out don't see a shortage. I think the fundamentals will eventually lead to one, but I am guessing it will either take years to occur or the demand will have to dramatically increase...Like, perhaps, Iran being turned into a sheet of radioactive glass or the Euro collapsing.

hejira11 wrote:I am still buying...and can get every year and type coin I want (mostly Kooks and U.S. Junks). I flat out don't see a shortage. I think the fundamentals will eventually lead to one, but I am guessing it will either take years to occur or the demand will have to dramatically increase...Like, perhaps, Iran being turned into a sheet of radioactive glass or the Euro collapsing.

Yeah, I agree with you. It looks to me it will take years for PM's to "zoom to the moon". The FRN has to die first, and that is proving to be a long way off. The USA has many treaties that put US on the hook tax wise if European nations fail.

There is another scenario you may think about. That is China going on a gold/silver standard like they have historically done for thousands of years. They are buying up tons of the stuff and encouraging their citizens to do the same.

Pennysaved wrote:...
From what I remember the last several years, it seems that December is always a good month for precious metals.

What is different about this year?

MF Global for one. Indian demand for metals through their Diwali festival / end of year also dropped as the rupee fell sharply against the dollar (India is a significant component of global demand).