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Fri, 04/08/2011 - 04:26 | 1149006 Yen Cross
Yen Cross's picture

The euro is linked to commodities. XAG looks for some consolidation! Now.

Fri, 04/08/2011 - 04:26 | 1149009 savagegoose
savagegoose's picture

hang on fed ot bail JPM to keep the shorts going ? or the shorts ill end?

Fri, 04/08/2011 - 05:47 | 1149072 ivars
ivars's picture

Yes, that will happen. Otherwise, why do JPM needs FED and taxpayers?

Fri, 04/08/2011 - 04:52 | 1149028 Mellowg
Mellowg's picture

But how long does an UNPAID army is willing to fight?

Fri, 04/08/2011 - 05:42 | 1149064 Catullus
Catullus's picture

As long as you can convince a gaggle of armed 19 year old retards lead by 23-27 year old no social skills schmuck officers that not paying them their bullshit $19k-$31k salary is a good thing.

Fri, 04/08/2011 - 07:12 | 1149156 anony
anony's picture

That doesn't take much convincing.  They aren't that stupid to realize that without skills, they are worthless, and worthless gets paid minimum wage, and little benefits.  Whereas, they can make three times that in the army and their benefits are completely paid for by those that they defend. Should work out to $50,000 a year, three times what they command in the 'regular' diseconomy. 

Fri, 04/08/2011 - 05:05 | 1149029 Yen Cross
Yen Cross's picture

I'm clearing XAG @ 40.14 and consolidating. I'm laying a small in as a marker on a new trend line. That line transits the early April Hourly. You people need to learn how to trade. I'm not directing this to the traders I speak with on this site.

Fri, 04/08/2011 - 11:01 | 1149846 GoinFawr
GoinFawr's picture

Say, aren't you the one that called TMos a 'greedy person' who 'didn't understand XAG' because he was still bullish when it was still around 35 US fiat bits and bytes?

I know, I know: you are such a brilliant shaker and mover that you 180'd on that well before the last push, right? You simply didn't have the time or inclination to let us know, natch.

You and robot trader are bang on in your 'after the facts' acumen.

Fri, 04/08/2011 - 05:09 | 1149036 Yen Cross
Yen Cross's picture

Hey you know who you are. Thanks for those options.

Fri, 04/08/2011 - 05:15 | 1149040 Malaespina
Malaespina's picture

RIOTS STARTING IN SPAIN. People are fed up with austerity, banks, financial crooks. They want ouOUT OF EURO.

Link: http://www.elpais.com/videos/espana/jovenes/movilizan/Madrid/Barcelona/elpepuesp/20110407elpepunac_5/Ves/

Fri, 04/08/2011 - 05:19 | 1149043 Blank Reg
Blank Reg's picture

The last time I posted here somebody named 'Math Man' was really mean to me. Is it safe to come out now?

Fri, 04/08/2011 - 07:07 | 1149148 anony
anony's picture

No.  Mean, is the new nice.

Fri, 04/08/2011 - 05:44 | 1149069 Catullus
Catullus's picture

Anyone buying physical has been paying $40 silver for over a week now. 

Fri, 04/08/2011 - 06:07 | 1149085 johny2
johny2's picture

Soon it will be $70 and than it will be time to head for the farm up in the hills..

Fri, 04/08/2011 - 06:54 | 1149124 stoneman sacked
stoneman sacked's picture

Yippeeee :-)

Fri, 04/08/2011 - 07:07 | 1149147 sbenard
sbenard's picture

and the Dollar is being obliterated!

Or as Christina Romer would have it -- "PRICED" lower!

Fri, 04/08/2011 - 07:12 | 1149155 Darth Silver
Darth Silver's picture

i was cleaning out my closet this morning and came across three $1 bills.  does anyone know where i could sell these things?

Fri, 04/08/2011 - 08:04 | 1149255 SumSUN
SumSUN's picture

Ew, gross.

Fri, 04/08/2011 - 07:18 | 1149171 MK ultra
MK ultra's picture

My nuts across Blythe's chin right now. Don't work it so hard baby, your razor stubble is a little rough.

Fri, 04/08/2011 - 07:36 | 1149197 slvrizgold
slvrizgold's picture

Pure gold MK Ultra about the razor stubble.   Methinks Blythe is feeling like she has an enriched uranium suppository jammed in her keister and that's why she's working it so hard.

Fri, 04/08/2011 - 07:32 | 1149195 tiger7905
tiger7905's picture

Turk calling for $50 silver by end of June.

Fri, 04/08/2011 - 07:37 | 1149202 tradewithdave
tradewithdave's picture

Thoughts for the day....

How many people would be willing to stay with this if it corrects to $25?

How many people would be willing to be buyers at $50? 

The higher the percentage of people who answer both of these questions with a "yes", the less relevant the dollar as a measure of value becomes and vice versa.

Based on the enthusiasm in the commentary, I would say that 70% would say "no" while 30% would say "yes" to both questions.  If that is an accurate estimate, stand-by for "reflexivity." 

There's one thing we do know.  Silver is not allowed to be booked as a reserve on a central bank's balance sheet, only gold.  That makes me very suspicious about this level of momentum being driven by the rank and file buyer when the sniff test says "speculator." 

However, as awareness and consciousness rise, the rank and file continues to lengthen its columns and as those longer columns increase the durability to withstand the inevitable volatility.

Dave Harrison

www.tradewithdave.com  

Fri, 04/08/2011 - 07:46 | 1149216 AmazingLarry
AmazingLarry's picture

Holy shit! Sell! Sell! Sell! hehehe....

Go silver, it's yer birfday.

Fri, 04/08/2011 - 08:32 | 1149332 55 men
Fri, 04/08/2011 - 08:37 | 1149354 gall batter
gall batter's picture

between the oil and corexit in the gulf of mexico and the radiation pouring into the pacific and atmosphere, i wonder if much else is important.  i don't want to live underground in some survivalist metal container stocked with beans and water.  i need sunshine and knowing that friends, family, the world's children are okay.  arnie gundersen said fukushima is the disaster of our time.  i believe this.  and, yeah, i have some of the shiny but so what? it doesn't bring me happiness or comfort when so many people will have nothing.

Fri, 04/08/2011 - 09:50 | 1149585 psychologicalmess
psychologicalmess's picture

know what you mean, gall. one of the many reasons i'm a pmess is that i'm worried about the radiation, war, rape of the planet, raid by this govt., petroleum in the water, what to do, what to do?, 'turning, turning, in the widening gyre'.

Fri, 04/08/2011 - 09:52 | 1149602 averagejoe
averagejoe's picture

Eventually every fiat currency returns to its true value; toilet paper.  There is some pleasure to be had, wiping your arse with a picture of the Queen (£).  It would be better it it was a policitians face though.

 

Fri, 04/08/2011 - 11:01 | 1149866 Caveman93
Caveman93's picture

I think I am gonna hold out for a while, buy 60 more ounces at $45 and really fuck the man. Now that's how I think! I ain't buying anymore at this low price. Hell, I might wait when it's $50 and give em a nice gangbang then.

Fri, 04/08/2011 - 11:08 | 1149914 Mises
Mises's picture

FSG biatch

Fri, 04/08/2011 - 21:27 | 1152354 Hephasteus
Hephasteus's picture

Haha. This thread is a trading day late and nearly a dollar short.

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