Another historic day "end of the bull market"

Gold, silver, smashed!

Gold down over $100!  The downside target is now $1000.  Will gold make it there?  Probably, fear will cause gold to crash even more.

Silver, wow, a 12.3% fall!  We've seen this all before.

Meanwhile I am seeing headlines like this :)  Amazing!  Whoever got rich reading mainstream news?

Stack like hell!  These few months possibly down to the end of the year will see gold and silver at these never to be seen prices again.  In a few years you'll come back to this post and laugh!

The rise and fall, whoop dee do

So Silver did what I expect it to do, rise more than $1!  But now it's fallen, and so has gold, both smacked to oblivion.  What a sight, what an opportunity.

Gold smack down!  Ka-ching!!

Silver smack down!  Ka-ching!!

Well I don't know if it's the bottom but probably it's not.  I'm underwater with Silver with my purchases for the last 2 years, but who cares?  4 years later I know I'm at the right place to be.  Gold could fall below $1000, Silver maybe $22?  $21?  Who cares?  Buy the heck out of it!  My father was literally screaming his head off cos his boss lost millions upon millions because he plays the futures market.  That's absolutely stupid, if you want you should have a core position of metals that you hold, and whatever paper you can afford to lose, sure play it.  Having no physical is absolutely suicidal.

In time, when Silver rise, profits for their options will be immense, and I'm just biding my time.

Graphs as follow:

Look at that red candlestick!

Look at that red candlestick!!

Never thought I'll see this...

US states promoting bullion, on bloomberg, which is mainstream media (MSM) how is this possible?

http://www.bloomberg.com/news/2013-04-08/trust-in-gold-not-bernanke-as-u-s-states-promote-bullion.html

Gold and Silver are currently comatose, sentiment is awful, which means a low is coming or already has passed.

I'm expecting Silver to rise $1 within the next 2 weeks from current price of $27.30 USD, let's see what happens.

However, the real fireworks will happen when Silver breaks $31.30.

BTFD! Thanks Feds!

Alright!  Silver in AUD terms has now reached very close to the same low reached in August 2012.  It's time to buy buy buy!  Spot is currently 27.35 USD, or 26.12 AUD.  BARGAIN!

I'm anticipating a rally within a month or so.  Loaded up with Dec 13 40 Calls as well.

You know the paper price is completely off, you can't really buy physical at spot price, for example American Silver Eagles are $3.25 on top of spot (about a 11% premium) and Maple leafs are $2.49 (9%  premium) on top of spot.  Both in US dollars.  Personally I trust nothing but physical, anything that's numbers on a computer isn't my cup of tea.  Look up the prices on ebay and you'll see the same, nothing is quoted at spot.  People are already paying premiums to be safe, don't be fooled by the paper price.

Which makes me wonder, what happens when Silver really starts to move?  Spot prices are going to go through the roof.  I won't be surprised with a 20% or higher premium.