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$40 Silver?
Not quite. Give it a few hours: it just hit $39.70. Then we expect the Hunt High should be taken out shortly thereafter.
And not to be left out of the party, gold just hit another all time record as well. At this point, Bernanke is officially panicking.
And a quick update from FMX Connect who were spot on with their $1,550 gold prediction:
Is Gold Going to 1550? An Update from our Analysts (link)
Over the past 4 weeks we have said repeatedly that Gold has an excellent chance of a $75.00 to $150.00 rally from the area of 1410. We picked $1550 as our home run scenario. It is time for an update.
First our initial chart and prediction from Feb 24th:
“FmxConnect uses several proprietary indicators to predict volatility trends. One indicator, the TrendVol actually gives directional signals as well.
Simply stated, if this week closes above 1416, there is a high likelihood of a 75 to 175 move higher in gold over the next 2 months. Although if the indicator hits, we'd expect the move to happen in a more compressed time. The signal does not usually waste time letting you know if it is right or wrong.
The indicator combines Bollinger bands, implied volatility, skewness, and historical volatility to determine speed and direction of a potential move. The actual calculations involve using these indicators to create and proprietary oscillators.
Volatility breathes (i.e. Bollinger bands) and FMX Connect believes that Gold volatility is getting ready to exhale in a big way.“
Next James Turk’s assessment:
James Turk’s recent call for a hyperbolic move is 100% consistent with our trend-vol breakout, hyperbolic moves are in our words, volatility exhaling. This observation means that the gold price is rising at an accelerating rate, so there is in my view only one logical conclusion that can be made from this chart. Given that gold remains the world’s numéraire by which things are measured because it is money, the other so-called ‘money’ being measured in the above chart – namely, the US dollar – is losing purchasing power at an accelerating rate. In other words, we are rapidly approaching the hyperinflation of the US dollar. In fact, the below chart illustrates that it has already begun. The dollar’s hyperinflation will worsen if gold keeps climbing within the hyperbola on the chart.
We can’t be sure of his hyperinflationary stance. But let’s say his track record is pretty good.
Here is where we are now:
The bands do not lie. As long as the lower band moves away from the direction of the market and we continue to settle near or above the upper band, there is little to stop this market form going hyperbolic. We believe volatility is just starting to exhale.
Technical Observations
Rallies from here should extend quickly, as in gaps higher. If they do not, be cautious. A close under 1440 reverses the breakout. Pullbacks to 1447 should be bought aggressively with 1440 as the stop out area. Odds of taking out yesterdays high are in the 70% area according to GRI’s report last night. Our next target level is 1477. Remember Goldman called for 1480 in the Dec contract. We’re sure there will be some selling in that area.
Options Plays
We are an options data firm, and based on our data and market intel, we are comfortable with the following comments.
We believe that, as there were no good buys in options for the last 3 months, that there may be no good sales as this market is headed for gap territory. We could be in a blow off pattern (initial-breakaway-exhaustion gaps), which is all the more reason to express directional bias with options. This may end in washout, so we prefer options.
Front months: there will be opportunities to buy as two-way business will be there. Long liquidation should make for dips in vol. if you intend to buy a May straddle, buy half now and half when it gets slammed form some random sell order.
If you are a call buyer in June, the 1500 and 1550 will give you tight markets and two-way business. There are huge longs in the June 1600, so while that option may seem appealing, it could get slammed if the long liquidates
Recommendations:
- We like the 1510/ 1530 call spread in May for a cheap shot (around 2.00)
- The June 1500/ 1550 call spread at 9.00
- The June 1550 call
Back months: unpredictable but we believe most fresh directional plays will be expressed in Dec 11 and Feb 12. Therefore, selling will have to be by dealers and marketmakers, which means entry will have a lot of Vig. But it may be justified given the added time value.
We like the 1900/ 2000 call spread here in the 3.50 area (the Z 2000s are a big short in the ring and consequently that call spread trades cheaply). 100 of these spreads gives you the equivalent of 3 futures exposure but you will benefit if volatility expands as well.
We also like the Dec 1500/ 1600/ 1700 butterfly in the 1300 area. 100 of these give you a 5 futures equivalent exposure.
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Yes. A Replier yesterday wrote that the banks (etc.) would fight tooth and nail to keep silver from going over $40.
Eigenvalues go well with eigenvectors, no?
Price target: $50-54. Buy all dips in meantime. HOWEVER - there haven't been a lot of dips to buy. Accumulation is taking a little courage at the moment - and yet the price keeps rising.
Maybe Turd is right about the pullback at $40. I hope to only be sad for a little while, as I press the buy button one more time.
The sprotts is possibly burning off the premium here?
bubbling over.
I have 39.71 as my last...
The weakening on the Yen has just been freaking RELENTLESS. The AUD is up to 1.04, Euro to 1.43, CAD nearly 1.04, BRL at 1.6; appears to be some massive effort to cheapen both Yen and USD.
So much for the "euro parity" traders.
At least this is a heads up for real black swans; the response by policymakers will be to ruthlessly cheapen the currency in response to nearly every hiccup. Inflation is the only game that they know.
Swarms of Swans overhead. Which one(s) will hit us?
Taleb teaches us that it is the unexpected ones that typically impact us the most. Inflation is now pretty well factored in by most here at ZH. By the public, Fed and .gov? That I do not know, other than that the elite must know what's going on and have DONE their preparations.
You're pretty much correct there. If you can see it, and suspect that it may be detrimental, it's not a black swan because it can be compensated for. By definition, it'll be the unseen that comes out of left field that does the real damage. Too many pseudo-ornithologists roaming the streets these days.
And typically, the anti-PM cunts (SMAILES) are nowhere to be found.
The reanimation crews unplugged their computers so they can use the power sockets for their defibrillators.
LOL.
Zzzzaaaaap!
So the zombies can live among us again!
Well, their banking system is already in place.
Is JPM in trouble yet ?
Eh..... Depends.
my name is the bernake and you cant eat silver and gold..... but you can eat paper. keep on printing bitchez
just don't swallow the metal security strips.
General Jim must be kicking himself. Travelzoo is still hurtling into Outer Space, yet TRE cannot catch a bid with gold at $1,450.
I'm sure TPTB are purposely stepping on TRE and skying TZOO for the sole purpose of giving the General a punch to the gut.
Gold getting brutalized pre-market, AAPL also getting crushed
RobotTrader - Tue, Apr 5, 2011 - 09:18 AM
Perhaps some of these ultra high risk investments will get slaughtered today?
Cartel stepping on gold once again, their attacks are relentless
RobotTrader - Thu, Mar 31, 2011 - 02:36 PM
Amazing how they cap any advance to under $12.
Never seen a $50 move in a week, never
When QE3 is called off, I will short the following basket, ROBO:
LULU
CMG
PCLN
MELI
NFLX
OPEN
TZOO
BSFT
Any others I left out? OH, the WHOLE market!
i think u can put a fork in TZOO and VHC, at least for a day or two. i'm short.
When the time comes, they'll probably all be on the HtB list or they'll be short-restricted in the name of national security to all but the PDs for the purpose of "hedging".
Well the TRE shorts have covered 700K of their 6M shares short on this dip. I've got a feeling they will be covering the rest at much higher prices.
thank you, ZEROHEDGE & TYLER, for my education ~~ best thing that's ever happened to me. The historical knowledge of gold & silver was lost on me (regained via ZEROHEDGE) . Our young people will need intelligent & strong adults in their lives to lead them through the coming challenges & into the future, whichever road our country chooses to go down (here's hoping it's a Constitutional road) .
I'm doing my best to teach anyone who will listen to me; unfortunately, it is falling on deaf ears.
I'm doing my best to teach anyone who will listen to me; unfortunately, it is falling on deaf ears.
No it's not. It just hasn't manifested yet. It is being absorbed whether they like it or not. And everyday's news will start to sound different to them. Over time, they undoubtedly start thinking.
"Wait a minute, that's what she said a few months ago...
And she said that a few months ago...."
and so on.
Yes. There is no such thing as 'society', only individuals. 'Society' will change only when enough individuals change. We are still a ways off from that eventuality, but it is most certainly happening. The old will be replaced with the new, same as it ever was. If history is any guide, much pain and suffering will accompany it.
It's probably best to detach oneself and simply witness the spectacle.
so kind a comment. My daughter listened to JESSE VENTURA on PIERS MORGAN the other night & said, "Mom !! That's what you said a few months ago ! " & my son is starting to listen, especially when I put 5 silver eagle rounds in his hand & he wanted to KEEP THEM !
GIVING someone gold or silver is sometimes the catalyst to get them thinking.
Does not work in a lot of cases though, I have given away some PMs and so far not much reaction.
lynnybee, it is up to people like you and me to prepare if our loved ones will not listen. It's part of our reality. What seems clear to us, is not to them.
lynnybee you're leading by example. I hope it comes back to you in spades. Keep up the great work. I should be more like you. In fact, I think I will start gifting silver instead of dollars for birthdays. Cheers.
........ always share. share what you have & be glad for it. we are all going to need to share food with the less fortunate; think of our country's elderly & children ! damn Bernanke ! People will probably starve to death in this coming depression ........ SHARE YOUR FOOD !! give to others. We are going back to a time of "community" . & it will probably be a good thing.
Ok Benny, you got 15 minutes, now do your stuff.
Minefinders going vertical.
Probably the best silver stock out there.
Unlike 90% of the other PM companies, MFN is not a "dilution machine"
Every gold breakout fails, no exceptions
RobotTrader - Thu, Mar 24, 2011 - 03:05 PM
Seems like every time gold breaks to new highs, it immediately fails as the Paper Tsunami takes over and slams it.
More proof that "Paper" rules over "Things"
Re: MFN Lets hope the operator does not tear the leaching pad membrane with his loader again.
Be careful. The bang down via raised spec margin requirements will come in a few hours. BEN is calling CFTC right now.
... We are due for a raise in margins.
Next stop, the dip..
OMFG Please! Please chum the water with cheap Silver. I need another good feeding frenzy!
I hearz ya, buy it with both fuckin' hands.
Like Charlton Heston gripping the rifle at that one NRA meeting.
I was wondering...
If the government shuts down....
WHO WILL PAY HIS PHONE BILLS?
SOON: NO MORE CALLS!
No need... the GOP is defunding the CFTC as we speak... lookin' after the little guy as usual.
What doesn't that bearded bastard understand? He keeps propping that casino ponzi up against the volume of selling and silver will hit $1,000!
From your mouth to God's ear.
Bitch, it's at 67.50! Behind the fucking curve...
"It's impossible for prices to go down this year."
- Gary Watts, Spokesman Orange Country Association of Realtors
"There is no national housing market, so there can't be a national house-price bubble."
- Michael Youngblood, Managing Director, Friedman Billings Ramsey & Co
"Home sales are coming down from the mountain peak, but they will level out at a high plateau -- a plateau that is higher than previous peaks in the housing cycle.”
- David Lereah, Chief Economist, National Association of RealtorsThe bubble is in fiat.
FIAT is the word of the decade :)
What do you expect from a bloody realtor?
What's the latest from Japan?
What do you expect from a bloody realtor?
What's the latest from Japan?
Has rendered property as an investment worthless in the USA.
Citizens have no protection from anyone else if they are willing to pay higher property taxes. The Real Estate industry is dead in Amerika.
http://en.wikipedia.org/wiki/Kelo_v._City_of_New_London
Drawing comparisons to what, CAT?
Awwww, look. The sloppy little cunt stopped in for a drive-by.
Somewhere a lonely dumpster is looking for it's trash man. Get on it.
Hey look its Mr. Pussy.
GLUU up 100% in 11 weeks .... Maybe you should trade shoes at some flea market ......
You cherry-picked the time frame. I don't remember you recommending it at the time. Did you? How did your other penny stocks do over that period?
It has been my experience that penny stocks are for chumps.
He did pick AIG and NVDA. I do recall those. And look how well, er, oh wait. Both down 40% in about 2 months. Nevermind.
LOL
That tegra 2. it's so hot right now. I'm just dying to buy one and get charged more for saying something stupid to someone 5 miles away than I would have to pay to buy the complete works of shakespear. It's such a great deal. i don't know why everybody isn't buying up these unlimited data plans for 50 to 70 bucks a month. It's totally worth 900 bucks a year to be able to tweet stupid shit. It's the new publishing model. You can talk but it's going to cost you. Only the rich get to have a say.
I should have bought nvidia at 25 in january. Now I have such horrible regrets. The silver I bought went up 29 percent though. So I have my small comforts.
Right, but what was your weight? How many other stocks lost money in the same time? I bet on average your ass isn't keeping up with silver. Hell, your ass probably isn't even keeping up with gold. That's why you have to keep driving a truck. If you were a super-trader like you claim to be, you wouldn't need a day job at this point. You should have made a shit ton of winning trades to the point where you don't need a day job any more.
But you do, because you are a loser. Sorry to burst your reflating stock bubble. :(
I see you put up video of your Ferrari on youtube:
http://www.youtube.com/watch?v=lBjqUIwEeTw
@d00daa: although some may be offended by your remarks, I got a good chuckle out of them!
Anyway, unfortunately Spalding is presently unable to pursue the trash man career opportunity at this time as he is fully employed digging silver out of the ground for $5/oz. Although he has been unable to pay any of his bills, he is certain he will hit the mother lode soon and therefore intends to remain in his current position....which is: bent over with a shovel.
Spalding, you have no sense of the psychology that goes into bubbles. You're completely lost. Just because something shoots up in price doesn't mean it's in bubble. There's much more to it than that.
I'd also wager that you are significantly overweight.
"FmxConnect uses several proprietary indicators to predict volatility trends."
There has been no volatility- that is the trend and the problem. From either a technical or fundamental perspective the direction is UP.
All conspiracy theories about the abolition of Limit Down in PMs aside- when was the last time PMs experienced the regular volatility experienced in other commodity markets (what are $amts of 5-10% daily moves from current levels).
The ride up has been fun but boring so far, but I would stockpile antacids right along with physical PMs as some day the volatility will return, even though it won't fundamentally change the direction.
Price of sliver is going ballistic in foreign currencies:
http://stockcharts.com/freecharts/candleglance.html?$SILVER:FXE,$SILVER:FXY,$SILVER:FXC,$SILVER:FXS,$SILVER:FXA,$SILVER:FXM,$SILVER:FXB,$SILVER:FXF|D
The Japanese pulled a "Silverfinger" and irradiated their gold and silver so that it is untouchable by non-Godzilla hands for the next 4,000 years. Long live catastrophe-induced shortage!
'Favorite metals are gold, silver and lead - the latter to protect the 1st two'.
Now in more ways than one.
thanks for the tip. none of us knew that. noticing your widows and orphans portfolio of vz, mo and hd is meeting expectations, which is to say, it's doing nothing.
btw: gentleman jim sinclair sends his regards.
there is NO WAY i'm paying $40 for silver. NOT happening. if it pulls back to $36, okay.
that's what i said at $25.
Had a friend who wouldn't buy Au after $400...
My wife told me last night that her mom had bought 25 gold 1oz coins back at 300, not sure what kind. She has them sewn into a cloth so she can hide them in her bra. lol, smart lady! Hope I'm in her will.
I wont buy any more until it PROVES to me it can get above $52, then maybe I will start buying some. Then it will have to get to $70 and then I will buy more. Or maybe then again I might wait for a pull back, just like I have been since silver went over $22 an ounce...
it really hurt to pay more than $5 for a junk franklin half. then it hurt at $6. then $7. etc ... it really hurts now at $15. too much hurting going on out there, as the good senator used to say.
+1461.50 new all time high London PM fix for gold.
All those term deposits built up during the credit bubble are going back to Mommy and Daddy - pretty simple really.
why in the fuck did you people junk robot traders post about the price of silver in foreign currencies going ballistic? that's solid info right there asswipes
if you're going to hate on someone hate on them righteously
don't be a common bitch
seems like a some never heard the term "new world order" or took the term seriously,this thing is shaping up pretty darn good for the global elites cobbling their scheme together. oil prices have to rise to a level of 150-200 per barrel in order to get pump prices to a level that crushes the American economy into submission. Precious metals are just another commodity going along for the ride, end game not to far away.
If there is any truth to the theory of peak oil, the world is about to become a much bigger place, not smaller. I don't see how they will be able to cobble together a one world anything in the present circumstance. The whole system has become too big, too cumbersome and has probably reached peak complexity. You know what happens with complex systems then. And the black swans just keep coming, don't they? I think things are out of control. They (whoever they are) are trying to hold the paradigm together, because people being what they are will always choose "Apre moi le deluge;" however, with each iteration their efforts become less effective and more short lived. Simple extrapolation leads to some very frightening conclusions. I think we will be lucky to escape extinction at this rate. I think we have already reached the limits of our petrie dish and the resource wars have begun. We are about to experience a great die off.
hey THINGS:
the Pentagon called resource wars beginning by 2020- you're in the ballpark with some heavy hitters on your side
http://i51.tinypic.com/30ufrpe.jpg
source of pic: www.silver-info.com
More and more BIG money is pouring into Gold. Therefore, Silver should easily reach $40 - just a question of days if you ask me.
Miller - where've you been?
How about "hours or minutes" to reach $40?
Days? "Days" we may get to $50.
SPM on the TSX for all your silver needs.
C'mon: Wouldn't the global elite want the "game" to go on for just a little longer? After all, Godman Sachs still needs a little more time to build its laser moat around the NYC heaquarters. And JPMorgue needs another quarter to get the bomb shelter / PM depository under Manhattan done.
How about a real old fashioned moat... I hear Japan has some special protective water they need to get rid of... a Win / Win!
From what I understand
The price movement of gold and silver is indicative of the following:
To sum it up into 1 sentence:
- The people have decided that Silver and Gold are a currency whatever the billionaires say. TAKE THAT PAPER AND SHOVE IT!
Just remember that the governments and the FED ARE NOT the people.
We are the people.
And they work for US, we DECIDE what is important.
And WE DECIDED that SILVER packs it BETTER than DRIED PAPER PULP WITH INK ON IT.
You said it SD!
the banksters are crooks. They can store their wealth in worthless fiat and derivative contracts.
I will store my labor in something I can feel when it hits the foot.
You are doing something (saving something real) that is hard for young people to do baby_BLYTHE, congratulations.
Keep doing what you are doing. You will be a prize catch when the time comes.
Not just yet SD, the sheep aren't in this yet. Ask the average joe or even anyone that has a little knowledge of the stock market, they are clueless about gold and silver. I know several wealthy businessmen and they are friggin clueless on silver (including an investment banker that handles millions). This rise is short covering. The banks understand they are fucked once word spreads and it is spreading... so they are covering while they can. I could be wrong but there is overwhelming evidence that says I and many others are right.
I think it's more accurate to say that some people who've purchased gold and silver would like it to be a currency. The definition of currency is something used as a medium of exchange. Reading ZH, I get the impression folks are simply hoarding precious metals, not purchasing food, clothing, shelter, fuel, etc. with them.
That is not entirely true. I am willing to trade PMs for many things and the "market" for trading PMs is growing not shrinking (look for stories about JP Morgan allowing PMs as payment, Utah accepting PMs and other states looking for alternatives in the event of a dollar collapse as well as barbers, dentists, acupuncturists, restaurants, gas stations accepting PMs). I would accept payment in Au or Ag. The real issue is that paper is still prevalent until PMs become popular. This may be the accumulation phase but I think many people, including myself, are ready to "use" their PMs it is just the timing that is the issue and what one will get for it. If the "choice" is an exchange for paper then it is really not a choice to those holding PMs until that paper is more stable (if it ever is again).
I also think there's some speculative money being poured into too.
Thank God I'm not hungry right now. I don't think I can afford to purchase any PM's at these prices!
The system is merely recapitalising - there's a long way to go but it about time PMs started to really heal global balance sheets.
Tyler is wrong when he/she says Govt is panicking over high Gold price.
Govts are welcoming this stealthily. A Gold price of around 10,000/oz will help indebted countries to pay debts with little Gold. Similarly Trade deficit countries can pay the difference in high priced/little Gold. As FOFOA says before that Gold should free itself from paper leash.
+ $55,000
fofoa.blogspot.com
While that may be true the real problem is that the U.S. holds so much of everyone else's gold. Are they going to just sit back and allow the U.S. to "hold" their sovereing wealth for them?
"Dancin' in the Streets"!!!
Somebody is getting beat with a hockey stick right now. We're going to start hearing The Bernank on audio tape as he goes the way of Bin Ladin. Dimon will play his lieutenant in the media and then we can start going after the rest of the leadership..
WTF just happened?
CHUM in the water! Feeding frenzy is on Bitchez!
Huh?
The 10:58 shit the bed.
!BTFD!
10:58am catch a beatdown
I hardly think Bernanke is panicking. Does the cow panic when the steam roller is coming at it? Of course not. It would have to understand what the steam roller means in order to decide there's a reason for concern.
It's also important to note that Cramer loves gold. Now maybe he's just talking someone else's book but if he's being honest then that's not a good sign but we'll see.
I know people say that about Cramer and the CNBS dolts (which incidentally are also talking about PMs more than ever) but in my estimation they are just trying to cover their asses so they can say "I recommend it at..." yet never mention they missed the beginning of the moonshot and the why of it all. When their influence, whatever they have, is put into action the prices of both Au and Ag will jump a significant percentage and quickly. Perhaps we have just seen that as they have been talking up the PMs for a few months now. Anyhow when they devote whole day programs to PMs I will start to worry. The last piece I saw on gold was from Bloomberg and it was about how people die to mine gold and how in poor countries people kill for gold - so it was a hit piece. When Becky Quick is giving Eric Sprott a lapdance...that will be my contra-indicator.
Benny Bubbles is not worried until OIL hits $150 and the S&P is at 1500 by next month, then he will start to pull the bubble apart. Until then, the scam ponzi continues. Gold and Silver by then will be $1800/$60 easily.
Anyone wanna bet they run the DOW up 400 points on Friday with the 11th hour stick save of the budget as Tyler suggested a few days ago? It's planned politics, watch it happen.
And once again, the beatdown at 11. Trying to sacrifice gold/silver to save the plummeting dollar! Not working to well though. I'm sure the radiation from Reactor 2 will save us. Wonder when they willfinally admit this event is worse than Chernobyl.
BTFD Now! This will not last very long......
Bollinger bands Bitchz...
I guess Blythe will have to stop fucking herself with that silver dildo and cash it in at the pawn shop.
Soon silver is going to fuck Blythe instead of Blythe fucking silver......
Hi Yo ...silver............!!!!
This dip is rapidly dissipating. Silver hit resistance @ $39.35 and it's already heading straight up again.
I can't believe nobody has made a 40oz joke!
DINKers. Dollar inkers to infinity! Early tickets to the holiday nutcracker continues for shorts fighting PMs rising dramatically over fiat. There's hell to pay for Keynesian propaganda. The rat bastard fraudster banksters burn to ashes with worthless fiat paper against a sound monetary system. Either our nation returns to sound money by choice, ha and double hehe, or it comes naturally!! Rainbow bright paper money has value. Same lie the banksters have used for every failed fiat currency throughout history. Paper backed by liars from crony capitalists in bed with banksters, leads to fiat intrinsic value always. It's ZEROOOooooooo! Gettin your hands on gold/silver bullion US mint eagle coins is a steal under 1550 & 50 benron bucks currently!! Watch many states come in with contingency plans as Utah against the shrinking dollar and institute legal tender gold & silver of US mint bullion coins. You think they are legal tender now but nay! Only in Utah will a bank take more than an eagles face value; 50 & 1 dollar respectively!! Try it. See what happens in AmeriCON'd. Thank heavens I live in a state which recognises sound money and protects it's wealth along with its citizens!
+1.
Gold? It's great for making jewelry but has little to no use outside of that. It maybe better to invest in gold than stuffing it under the mattress, but you're not likely to get much over inflation on the long-term.
Out of the commodities, I'm betting oil futures have the best return.
It is the only thing for electrical contacts where there must be absolutely zero corrosion.
Shhhhhh! Don't let him know the computer he's using has Silver and Gold in it......
Oil will be $30 in October right after the Dow Jones hits 5,000.
Sorry Bud, No way the let it tank until after the BO is re-elected
Thats the whole fucking attraction now isn't it?
notallowed! ROTFL!!!! "Radiation will save us." lil scamBO will win 2012 and save us all too! hehehehehehehehehehehehe I'd forgotten how humorous the zerohedge board can be. Good for real content; good for laughs!!
Anyone not heavily invested in silver, solg, palladium, plt, oil.....(GLD, SLV, USO, PALL) is losing Big Time due to loss of purchasing power of the dollar.
I understand the need for QE3...after all, politicians hate when people riot, break windows, and similar displays of "Hoi Poloi-ness."
Fuck off and die Math Man,you piece of shit.
Leave the scene,you are not welcome here.
Math Man is a Sock Puppet
Revealed: US spy operation that manipulates social mediahttp://www.guardian.co.uk/technology/2011/mar/17/us-spy-operation-social...
come'on 7's baby
Happy Birthday Gold Confistation! You turned 78 years old today. We haven't been able to redeem our ponzi government issued currency in you for 78 years now. They let us own and trade you these days (cause if they didn't we'd be a bigger joke than the former Soviet Union.) Pretty soon Obama might get into the history books just like FDR when he has to confiscate silver to "save" the big banks. God Bless America. This honest, truthful republic where the little guy always gets a fair shake and the wicked are punished. - (Sarc off)
Heavy shorting / manipulation as usual in SLW. If I wasnt already loaded I would load the f'ing boat here
I've loaded for buy @ $29 and sell @ $29.50. This will net me $10,000 FRN's. I will immediately trade them for physical silver for delivery no matter the price. It's $29.20 right now and rapidly approaching the trigger point. I hope the feeding frenzy does not consume it all before it hits the trigger.
The stock, commodity and currency exchanges have been reduced to gambling dens whereby the more powerful traders with deep pockets move the markets to maximize their own profits at the expense of the remaining not so powerful players. The big boys have enormous money power to move the markets in the direction which results in maximum profits for themselves. They effectively use the media to lure the other players in the market to a position where they would incur maximum loss.
The markets will fall only when the banksters have eliminated all the short positions and only they themselves have positioned themselves to profit when the market falls
OR
When an unexpected world event catches the banksters with their pants down and the softwares they use to rig the markets go berserk beyond their control.
http://www.marketoracle.co.uk/Article24581.html
@Mathman:
It may only cost $5 to get the stuff out of the ground, but everything yanked out of the ground gets used up, plus several tens of millions or more of what's in the worldwide stockpile of silver - each year.
Also, it isn't quite so simple to say that it costs $5 to mine the stuff. That is the marginal cost once a mine is established - but there are precious few mines purely dedicated to silver alone. Most silver is a by-product of copper, gold, lead or zinc mining - so if there is relatively little demand for them, the silver doesn't get mined, because the whole operation is closed down (albeit temporarily). The point being that the supply-demand function isn't as straightforward as one would normally suspect. Further, silver tends to be found closer to the surface, meaning: 1) most of the easy finds have been made (similar to oil); and 2) even at prices significantly higher than $5 it isn't so easy to find silver. Note also that with an extraction price significantly higher for any deep mines that MIGHT have sufficient silver, the market price will have to be higher than that price by a substantial margin, and stay there for enough time to be viewed as permanent - otherwise the mine doesn't get started. These things have long lead times and substantial up-front costs, so we're not going to see a substantial drop in price for anything more than purely speculative reasons (and, at that, such a drop will be temporary - enough people and institutions are aware of the long-term supply shortfall in silver that they'll buy at those lower prices, putting a floor under the price). This is because the market isn't going to get flooded with new supplies any time soon, if ever (again, the easy stuff has been found and the known stockpiles are a mere shadow of their former selves). We're not going to see $20 again unless markets collapse worldwide and people/institutions owning silver have to sell to meet margin calls or out of sheer panic.
Dude, you're just wrong.
mathman, if you can dig it up for $5, you better get digging, there's a bit of a supply problem and it's going to get worse, a lot worse, especially for your short paper pusher friends.
almost an inverted inclined shs, but not quite.
grab a straight edge and you'll see that lines must be crossed to complete it, it's not tip-perfect.
tip-perfect typically means immediate movement, whereas crossed lines means its in the cards if time goes to infinity.
the chart accepts it as part of its 'domain'.
I'm kind of hoping for a pullback in the price of silver next week so that I can buy more.
Bernanke doesnt give a shit about silver. He can and will wipe out the risk on inflationary trade if he has too. Government and bankers willdestroy the middle class before you allow fiat repudiation to occur so there will be no hyperinflation, just the slow creeping kind. By the way i do think.we are near an inflection point in gold.silver and oil. I got my mojo back. This is an top in the inflation trade soon. Net record (stupid) specs are buying 40 dollar silver.contracts and options. The.end of.qe2 is going to hurt a little. Better use lubricant silver bitches.(btw i am still net long pm's and oil but getting out real soon)
E'rrybody:: Be careful buying here as we approach $40.20 - we should see a pretty noticable retracement around that area from a fibbs standpoint. this is going to be a rough zone (39.5 thru 40.20). i am waiting for it to hit 40.20 then retrace, possibly back to 38 or thereabouts, then buy that F'in dip. oh, sorry, i almost forgot... "Bitchez."
naah troll...you are wrong. This time it really is different. We are in a new era where the old rules don't count any more.
Gold 36000
My book is coming out soon
Silver dropping now.
who is in control of the life blood of the world, the ones who can spend a million dollars day without flinching and the money never dries up, and the dirty little secret is there is plenty of oil to be pumped, of course when the price is right. they always say its about the money, I would wager that it is really all about control.
At these levels a $2 dollar pullback is only 5%.
Good point. It might not pay to wait.
If Mathman were here, I would lay a drop kick on him.
Probably just some nerd with a pocket protector that hasn't been laid.
http://www.coolest-gadgets.com/wp-content/uploads/pocket-protector.jpg
In the infamous words of everyone's favorite TBTF (Goldman aside).
Gold is money and nothing else!
I remember arguing with a friend back in '07 just before gold shot to $1000. "$700!!? For AN OUNCE! Who would pay that!"
Having been there, just LOVE to hear the adamant denial get louder and louder while the rocket ship goes to outer space. Comforting, really.
Get Bernanke!
Burn him! Burn him with golden fire!
Silver prices are coming closer to a significant correction in April/May ( FED bailing out JPM shorts? No QE3? Interest rate rise?) , probably at 42-45 USD, with around 40-50% drop. After that, good bying opportunities till April -May 2012. Than it shoots in the sky (100 USD) , probably in anticipation of gold standard, or, heaven forbid, just because of hyperinflation.
This is a graph with explanations I charted on March 13th, 2011:
http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&sta...
I repeatedly asking is there any more clever explanation for correction than FED bailing out JPM etc shorts on Silver? Can FED even do it? Probably yes, though I have no idea of its mandate limits-are there any?
What will you say when gman comes to your house demanding your silver and gold? I know what I'm saying.. you'll never get me pot of gold!
It's all theatre until 88. Calm down y'all.
Silver is up now over 960% since I started buying the stuff. It will go up another 960% only this time it won't take 10 years to do so. My ability to explain the fundamentals and the upside potential for Silver investment is moot. Naysayers now have even greater ammo to fire at us because of the fact that Silver has increased for all intents and purposes by 1000%. That will feed the trolls alot. Silver must be an investment bubble by now right? Tentatively I plan to keep buying and make a new decision about further acquisitions when we see $250/oz. I bought my Gold inventory coincidentally when Gold was $250/oz. I think my decision to buy Silver until it reaches $250 is arbitrarily based upon the price I invested in gold. Hell I haven't lost yet. Full speed ahead.