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...And $45

Submitted by Tyler Durden on 04/20/2011 10:56 -0400

From $44 to $45 in 13 hours. At this rate $46 in 6.5 hours. Thank you Chairsatan Benzebub.

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Wed, 04/20/2011 - 11:11 | 1188165 pitz

its a motherfucking RELIGION!

Wed, 04/20/2011 - 11:14 | 1188196 SheepDog-One

Silver and gold are just common sense, being confirmed as replacing the USD Fiatsco as world currency now. The religious speaking in tongues snakehandler and Drano drinker nutjobs are over in the equities big tent.

Wed, 04/20/2011 - 14:31 | 1189241 lemonobrien

yeah, and i believe. gold, silver, and paper with scratchy symbols on it backed by a man with a gun telling me I have to beware. I'll take gold, and silver, cause they righteous, true.

Wed, 04/20/2011 - 14:37 | 1189279 Temporalist

Unlike other religions Au and Ag aren't going to lie to you, ask you for tithes, tell you what to wear, tell you what to believe, tell you who you can or can't listen to, tell you that science is wrong, make you put faith in something mystical, unproven, unprovable and while asking you to do so blindly tell you that blind faith is a virtue.

There is no blind faith in Ag and Au any more than there is blind faith in smacking yourself in the face.

And what is more religious than fiat paper that needs the "full faith and credit" of a government (which is supposed to be the people)?

Wed, 04/20/2011 - 17:23 | 1190034 IQ 145

Keep your mother at home; then you won't have to worry about it.

Wed, 04/20/2011 - 11:09 | 1188166 TINN

only 15 more days til showdown

bring popcorn

Wed, 04/20/2011 - 12:42 | 1188341 Re-Discovery

My thesis has been one more delivery cover-up/delay etc. this time around. Not sure how they will pull it off, but price actions show they are trying. Then, one more concerted attack providing a new sweet entry point. Then, nowhere to hide for the cartel as silver market gets too big to manipulate (it already is in the long term) and request for delivery too prevalent to paper over.

Wed, 04/20/2011 - 11:11 | 1188167 tslv50

I have my old rothschild wine ready to be cracked open at $100, only 55 more to go.

Wed, 04/20/2011 - 11:09 | 1188168 alien-IQ

Silver over 45, Gold over 1500, Oil over 110...this trifecta courtesy of an unlubricated USD ass raping.

Wed, 04/20/2011 - 11:11 | 1188169 I_am_always_right

Send it to ME!!!!

Wed, 04/20/2011 - 11:10 | 1188171 spastic colon

thanks Tyler D. silver bitchez!

Wed, 04/20/2011 - 11:12 | 1188173 SheepDog-One

Hey Ben, lets see ya fire up the SILVER press! Whats that? Ya cant do it? Aw thats a shame...

Wed, 04/20/2011 - 11:10 | 1188175 lieutenantjohnchard

i printed out james turk's prognosis of silver for 2011 that he wrote back in dec/jan. i read it regularly to remind myself what gives. sprott's prediction is a nice cherry on top.

it's all good for we few, we happy few, we band of silver holders.

Wed, 04/20/2011 - 14:29 | 1189226 Creed

http://www.fgmr.com/outlook-for-2011.html

J Turks predictions for 2011

pretty much nails it except gold is lagging his 2k figure which he missed in 2010 as well

note, he calls for $50 silver probably in Q1 2011

then calls for a correction and meandering between $38-50

Wed, 04/20/2011 - 11:10 | 1188177 Overflow-admin

I bought 26oz april 7th and I'm already very close to be in the money - all charges included (7.5% over spot, shipping & VAT).

Just-am-az-ing

Wed, 04/20/2011 - 11:13 | 1188183 Dejean Splicer

This has triggered my 'Close and Personal' rule. Out of the bank vault and into the mini storage vault.

Time for everyone to start thinking about keeping it close.

Wed, 04/20/2011 - 11:13 | 1188184 Herne the Hunter

Get rich, make your own silver... Get a fission reactor and some palladium... I bet Ben is looking to buy some TEPCO on the cheap

Wed, 04/20/2011 - 11:14 | 1188188 Tracerfan

This is impossible. Timmy Boy Geithner and President Zero said the U.S. will pay all its debts.

Wed, 04/20/2011 - 11:14 | 1188204 Double down

Time to reflect.

There are some truths that cannot be argued with hard logic. I know that sounds weak, but I stand by it. The facts show up in the turn of events.

In memory of Johnny Bravo.

No sarcasm.

Wed, 04/20/2011 - 17:41 | 1190086 IQ 145

"There are some truths that cannot be argued with hard logic." Name one.

Wed, 04/20/2011 - 11:15 | 1188209 mt paul

on the 8th day

god created silver...

Wed, 04/20/2011 - 11:18 | 1188210 FunkyOldGeezer

No parabolic yet: For those of you who missed it yesterday, in the 1980 parabolic move, Silver went from just over 6 dollars to 49.50 in a few days over a year. That was an 800% rise in about 380 days. We're at about 160% at the moment from September 2010.

Wed, 04/20/2011 - 11:29 | 1188281 Spigot

If it were to follow the same 1970-80 curve, the total to peak was 5000%. We've already traced about a 1000% increase. From today's prices I estimate another 400-500%. It could be parabolic, or it could be the destruction of the US$. If the later, then it will not stop at $150. But just to be safe make sure you straddle it when it gets into the $150-160 range. Hey, maybe Texas U will buy some too, huh? (hehehe)

Wed, 04/20/2011 - 11:16 | 1188211 Spastica Rex

Is it possible that we're watching a USD collapse now? If the USD collapses, doesn't oil go to the moon? Don't the boots have to come home, or alternatively, light off a big war?

I'm just curious (and pretty ignorant) and not trying to make a point.

Wed, 04/20/2011 - 11:25 | 1188251 Long-John-Silver

Everything goes to infinity and US Dollars end up in trash bins. Welcome to Zimbabwe economics.

Wed, 04/20/2011 - 11:33 | 1188322 jomama

ask yourself what happened when the music stopped at Fukushima?

Wed, 04/20/2011 - 11:50 | 1188417 DosZap

No,if it was Gold would be up $500.00+ since the Bell.

Wed, 04/20/2011 - 11:19 | 1188219 Deep

As bullsih as I am on silver, think it hits 70-80 when everything is said and done, just look at charts guys, the thing has gone parabolic.

Silver will be much cheaper, maybe mid 30's

Wed, 04/20/2011 - 12:38 | 1188626 tmosley

Parabolic? Yes. Correct to $30's? Doubtful. This thing needs to run a lot further for the COMEX to scrounge up supply for next month.

Remember that there are a lot of big buyers lurking out there, most of whom have a lot of US dollars they are looking to unload, and silver is a major strategic resource.

Wed, 04/20/2011 - 11:19 | 1188220 Gordon Freeman

It's all about the Greenback now. I don't think anybody seriously thought that could expire this quickly--but it could happen over the 5 day weekend. If it does, it will be the mother of all black swans.

I likes me PM profits as much as any of you, but Dollar Death will have innumerable toxic consequences, which nobody can foresee, even the visionaries on this thread...

Wed, 04/20/2011 - 11:22 | 1188247 SheepDog-One

Sure! In no way does silver at $70 or whatever mean theres going to be a big party! At that point, people will probably be shooting rioters coming in thru their windows and busted down doors. Youre correct!

Wed, 04/20/2011 - 11:40 | 1188357 Vendetta

I fully expect when silver is doing its most spectacular leaps like a tarpon hooked on the fishing line, very bad things will be happening everywhere as fiat dies its horrible death and politicians drag out the suffering trying to save a failed and corrupt system ... I tame my emotions about silver's climb with this knowledge.

Wed, 04/20/2011 - 11:19 | 1188230 props2009

CHINA TO REVALUE YUIAN. THIS IS WHY EURO IS FLYING.

http://dawnwires.com/investment-news/the-rumor-of-the-decade-china-to-re...

Wed, 04/20/2011 - 11:24 | 1188249 SheepDog-One

I wouldnt bet on it.

Wed, 04/20/2011 - 11:25 | 1188271 SheepDog-One

China to accelerate dumping the dollar, thats the real story.

Wed, 04/20/2011 - 11:23 | 1188236 Temporis

Math Man where are you!!!

"You're setting yourselves up for a epic crash here... don't be surprised when silver is back below $20 this summer." - Math Man

"it only costs 5 bucks to dig it out of the ground!" - Math Man

Wed, 04/20/2011 - 11:23 | 1188240 BrobamaReds

glad I BTFD on silver in January! Loaded up at $26ish on the physical.

Wed, 04/20/2011 - 11:21 | 1188246 Spigot

In at $7 out at $150. Thank you Ben. I really appreciate that!

Wed, 04/20/2011 - 11:25 | 1188252 mark mchugh

This isn't a religion. It's supply vs. demand. That probably wasn't taught in your McGraw-Hill (subsidiary of S & P) textbooks.

What you are seeing is at least 50 years of suppression unwind, although 139 years is probably more like it.

http://en.wikipedia.org/wiki/Coinage_Act_of_1873

You are witnessing a very long term Ponzi reach critical mass. You can argue what you think the price of silver "should" be, but if you don't have silver to sell your opinion doesn't count.

Wed, 04/20/2011 - 11:25 | 1188270 Long-John-Silver

Excellent ++++++

Wed, 04/20/2011 - 11:28 | 1188290 Ckashan

+45

Wed, 04/20/2011 - 11:30 | 1188292 Ckashan

+45

Wed, 04/20/2011 - 11:37 | 1188353 Dagny Taggart

+45.15

Wed, 04/20/2011 - 11:24 | 1188266 wawawa

I do not like this kind of fast rise in Silver. As Jim Rogers said eveything that goes parabolic will end disasterously. (disclosue: I have Silver at cost avg. of $28/Oz)

Wed, 04/20/2011 - 11:29 | 1188283 Long-John-Silver

Disaster=Dollar confetti

Wed, 04/20/2011 - 12:50 | 1188708 monkeys.pick.bottoms

For some reason Mr Rogers is an atheist about silver manipulation. I admire him but don't trust his public opinions on silver. In fact a couple of months ago he said he had stopped buying silver and then recently admitted he bought some...

Wed, 04/20/2011 - 14:51 | 1189345 Temporalist

I think he says enough about monetary policy to show his true beliefs.

Wed, 04/20/2011 - 13:12 | 1188829 JLee2027

This is not parabolic. Please re-read what Jim said.

Wed, 04/20/2011 - 11:26 | 1188267 Bansters-in-my-...

Do you think Ben and Timmy know about this ???

Wed, 04/20/2011 - 11:27 | 1188289 Gordon Freeman

Yes, and they're good with it...

Wed, 04/20/2011 - 11:25 | 1188269 wawawa

I do not like this kind of fast rise in Silver. As Jim Rogers said eveything that goes parabolic will end disasterously. (disclosue: I have Silver at cost avg. of $28/Oz)

Wed, 04/20/2011 - 11:29 | 1188308 Temporis

I think it is just more and more people are waking up and putting their money into silver as a hedge against inflation.

I personally know 2 people at my work who just recently started investing in silver for the first time.

This might just be the great awakening.

Wed, 04/20/2011 - 11:32 | 1188318 SheepDog-One

Its the WORLD, not just the americans, rejecting the USD and replacing it with PM's.

Wed, 04/20/2011 - 12:40 | 1188652 mayhem_korner

Precisely. Arguably, the uninformed Americans as a lot might just be the last to understand this. Which is why this stands to be cataclysmic.

Wed, 04/20/2011 - 11:28 | 1188274 SilverDoctors

Only thing increasing faster than the radiation levels at Fukushima is silver!

www.silverdoctors.com

Wed, 04/20/2011 - 11:28 | 1188275 HitTheFan

Let's see how ZH reports the move when the bubble bursts. Time to take some profits.

Wed, 04/20/2011 - 11:30 | 1188295 Johnny Lawrence

Bubbles involve much more than price increases, koala bear.

Wed, 04/20/2011 - 11:31 | 1188300 Long-John-Silver

Are you saying a Wiemar or Zimbabwe style bubble in US Dollars?

Wed, 04/20/2011 - 11:33 | 1188313 SheepDog-One

I see, koala bear, but the equity massive bubble is deemed 'quite solid'?

Wed, 04/20/2011 - 11:36 | 1188337 Pool Shark

Silver climbs a wall of worry?

;-)

Wed, 04/20/2011 - 17:46 | 1190105 tekhneek

When's that going to happen again, troll?

Wed, 04/20/2011 - 11:30 | 1188291 FunkyOldGeezer

CHINA TO REVALUE YUAN.

Do the wheels on the bus still go round, once they've come off!

Wed, 04/20/2011 - 11:33 | 1188325 SheepDog-One

The real story is 'China to dump USD debt', up above by Phoenix Capital Research.

Wed, 04/20/2011 - 11:34 | 1188332 oddjob

yes.

http://www.youtube.com/watch?v=4YzgpMDkcFo&NR=1

Wed, 04/20/2011 - 11:50 | 1188426 faithfulwatchman

LOL...that guy was "two tired"

Wed, 04/20/2011 - 11:30 | 1188296 boeing747

Ben: "People don't want to buy Silver".

Wed, 04/20/2011 - 11:33 | 1188315 Long-John-Silver

Watch what happens when they can't find any Silver to buy.

Wed, 04/20/2011 - 11:42 | 1188388 Dagny Taggart

We win. See the Zero Hedge instructions for the home edition game.

Wed, 04/20/2011 - 11:30 | 1188311 Bansters-in-my-...

I love the sound of Blythe crying in the morning.

Music to my ears.

Wed, 04/20/2011 - 11:59 | 1188451 Long-John-Silver

Rolls over, lights up a smoke, and asks Blythe if it was good for her too.

Wed, 04/20/2011 - 11:32 | 1188319 boeing747

Make sure this weekend nothing happens in Euro. Otherwise, today's hot in stock market is pump-and-dump.

Wed, 04/20/2011 - 11:32 | 1188321 Bansters-in-my-...

Ben: "People don't want to buy Silver".

Speak for yourself...

Wed, 04/20/2011 - 11:35 | 1188327 brian0918

Gold/Silver Ratio: 33 1/3 starring Leslie Nielsen (PBUH)

Wed, 04/20/2011 - 12:38 | 1188642 tmosley

2 and a half came before 33 1/3rd.

Wed, 04/20/2011 - 11:36 | 1188331 JNM

Can somebody with a bloomberg, pull up a chart of the IV on longer dated SLV?

Is that available, anywhere, I would like to buy some volatility, but I don't want to do it, if it's a a high.

Wed, 04/20/2011 - 11:35 | 1188339 Ganja Jane

Wooo000OOO000ooo-Hooo000OOO000ooo!!!!!

Bring the flying monkeys on!

Wed, 04/20/2011 - 11:39 | 1188348 tekhneek

Goddamn bubbles.

Wed, 04/20/2011 - 11:40 | 1188371 Pool Shark

Oh, there's a bubble popping alright;

It's called the US$...

Wed, 04/20/2011 - 11:41 | 1188363 Herne the Hunter

In other news, TiVo up 32%

Wed, 04/20/2011 - 11:39 | 1188366 ivars

Just nearing correction as speed of growth increases. We may be very near:

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&sta...

I just can not understand what could be the tipping event, if any? Oil has to stay high, stocks has to go down. What hypothetical event could cause this together with silver correction?

Wed, 04/20/2011 - 11:46 | 1188394 jomama

i hope there is a major correction for two reasons:

-offset recent gains

-load up on more now that i can

Wed, 04/20/2011 - 11:58 | 1188456 Long-John-Silver

The correction was yesterday......

Wed, 04/20/2011 - 11:41 | 1188368 MCHedgeHammer

who wants to bet bernanke fires a shot at this silver holders? he did it to the long curve players last yr.

Wed, 04/20/2011 - 11:46 | 1188395 SheepDog-One

OK lets see Ben fire up the silver coin printer.

Wed, 04/20/2011 - 12:06 | 1188493 Herne the Hunter

Easy... just get some Pd-107 isotopes

Wed, 04/20/2011 - 11:49 | 1188374 plocequ1

The world is good. People are buying IBMs and TIVO

Wed, 04/20/2011 - 11:52 | 1188376 jomama

‡

Wed, 04/20/2011 - 11:43 | 1188381 alien-IQ

Oil now over $111...this cannot end well.

Wed, 04/20/2011 - 11:45 | 1188382 SheepDog-One

Jamie and Blythe and Ben this morning....cue hillbilly scene from Deliverance.

YouTube - Deliverance Squeal

Wed, 04/20/2011 - 11:47 | 1188405 plocequ1

" You're gonna pray real good".. Fucking classic

Wed, 04/20/2011 - 11:48 | 1188403 AGoldhamster

Chairsatan benzebub ... Tyler you made my day today

Maybe this makes your day: i have a swiss source, which lives side by side with the SNB ... my guy have pretty good connections, but at times he's also somwhat funny ... today asked him for news, rumors etc ... he replied - he expects silver at .. guess ... 250 USD ... within (time frame) ... guess .... 12 months ... hehehe ... but he added, he will remain flexible ... he made my day too! LOL, ROFL ...

Wed, 04/20/2011 - 12:41 | 1188656 Bay of Pigs

Let me be the first to junk you for your terrible calls and pathetic forecasting. And you have the balls to call Turd Ferguson out?

Two words for you buddy, "Get Fucked".

Wed, 04/20/2011 - 11:45 | 1188406 Catullus

I bought 100oz bars and they were in the money before they even arrived. No remorse on the buy.

Wed, 04/20/2011 - 11:48 | 1188407 Mr. Poon

Would Nelson Bunker Hunt or William Herbert Hunt please pick up the courtesy phone, Nelson Bunker Hunt or William Herbert Hunt, the courtesy phone.

Wed, 04/20/2011 - 11:54 | 1188429 ivars

If major US or other too big to fail bank fails, and is not bailed out fully, or is bailed out by FED, would that cause:

1) USD appreciation vs. silver (correction) but not oil

2) Drop in stock prices?

Wed, 04/20/2011 - 11:55 | 1188435 thedrickster

OpEx Tuesday, Greece teetering in front of the Easter bank holidays.

I'm gonna be flat as Becky Quick's chest this weekend....as much I want to be long risk again after sititng my ass since Yen Friday, feels like a hellacious flight to "safety" a' coming.

Wed, 04/20/2011 - 12:11 | 1188491 thedrickster

I just came to the conclusion that I lack the mental capacity to operate in a melt-up. I am by nature too logical and too contrarian to anything but lose my ass.

What now? Does anyone have a twelve step program for this sort of condition?

Wed, 04/20/2011 - 14:59 | 1189381 Temporalist

Step 1: Buy gold

Step 2: Buy silver

Step 3-12: Repeat steps 1 and 2

Wed, 04/20/2011 - 11:57 | 1188443 gkm

Arithmetic thinking? WTF TD, I expect more from you like geometric thinking.

Wed, 04/20/2011 - 12:02 | 1188462 Dan The Man

Biggest questions for me...

If I take profits sometime soon, will I be able to get back in the coming correction? Or will the correction be simply back to where it is now...and I have to wait 6 more sleepless months for delivery? Ugh.

Wed, 04/20/2011 - 12:27 | 1188480 ivars

I had correctly predicted increase in silver price growth speed here, in this March 13th graph.

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&sta...

But I made that prediction correctly based on consequent correction to 25-28 USD. Have i also predicted correction correctly ( that its coming soon) , and the level of correction price ( its 45 USD in the graph, could be of course even >50 USD in the peak as well as prices move very fast in superexponential growth region)?

We shall know in less than a 2 weeks.

The interesting thing is , stocks has to drop at the same time, as USD value will be somewhat temporarily restored vs. silver and also a bit vs. gold, but oil price should not change dramatically.

Is Iran going to do something stupid? I have no idea what could cause all these events simultaneously. Or some too big to fail bank may fail?

Wed, 04/20/2011 - 12:11 | 1188503 trav7777

silver is as overbought right now as I've seen anything be in some time. I would be very wary here. It needs some time after a huge move like this to burn off the overbought condition, consolidate and whatnot

Wed, 04/20/2011 - 14:40 | 1189296 Treasure Freedom

I agree... Silver could use a healthy pullback... better for the long term imo. And i can BTFD !!

Wed, 04/20/2011 - 12:13 | 1188516 DosZap

Well, it's about time they start the DROP................

Wed, 04/20/2011 - 12:24 | 1188564 RobotTrader

The crash is going to be epic....

Wed, 04/20/2011 - 13:02 | 1188790 ivars

20-28 USD in less than 1 month after the peak ( which is ? 46? 48? 50? more?)

Wed, 04/20/2011 - 14:27 | 1189232 Jab Cross Hook

Great, can't wait. I'll haul my shop-vac straight to the dealer when it happens.

Wed, 04/20/2011 - 13:34 | 1188944 redpill

Will you apologize when spot hits $50?

Wed, 04/20/2011 - 14:57 | 1189364 ZeroPower

Thats fine, nice round # to visualize the drop from. Will you still claim its NOT in a bubble if it hits $50 next week?

Wed, 04/20/2011 - 14:58 | 1189379 akak

Will you still claim that the US federal debt and the US dollar are NOT in a bubble when silver is well over $50 at the end of this year?

Wed, 04/20/2011 - 13:49 | 1189011 akak

The crash is going to be epic....

You mean in the dollar, or in your last shreds of credibility?

Wed, 04/20/2011 - 14:36 | 1189280 The Profit Prophet

He must be talking about AAPL....the world markets were rammed-up today for a serious reason....I'm assuming an IPad miss...

Wed, 04/20/2011 - 12:31 | 1188591 mt paul

on the 8th day

god went long silver ...

and took delivery...

Wed, 04/20/2011 - 17:13 | 1189995 Sudden Debt

and with his profits

God raised his hands...

showed his middle finger...

and said....

FUCK THIS PIECE OF DIRT!!

I'M BUILDING A TOTALLY NEW AND BETTER EDEN!

and sold Earth I to Lucifer, WHO HEDGED IT X100!

Wed, 04/20/2011 - 12:32 | 1188595 lolmaster

This puts the NAV of SLW around $70/sh

Have all stat arb funds gone BK?

Wed, 04/20/2011 - 12:39 | 1188634 FunkyOldGeezer

The crash is going to be epic....

At least have the decency to post the 'REAL' chart. You base your rhetoric on a 21 day EMA and volume?

Side note: I wonder if we'll be seeing a major disconnect between SLV and physical price at some point soon??

Wed, 04/20/2011 - 13:05 | 1188798 FunkyOldGeezer

Is there an index/database for pawn shop Silver receipts?

That might be an interesting thing to look at and a barometer of 'parabolicness'.

Wed, 04/20/2011 - 13:03 | 1188801 Silver Bug

Silver is now trading in $2 increments. $46 will be its next "potential" resistance. Unless we just smash through that as well. Which is very likely. The Silver Liberation Army and Silver Vigilantes are taking this price parabolic.

http://silverliberationarmy.blogspot.com/

Wed, 04/20/2011 - 13:12 | 1188827 FunkyOldGeezer

SLV is the joker in the Silver shop. Far less emotional to sell paper Silver, than the real thing. When it does sell off, it could well be a real hum dinger, but I still reckon that time is waaaaay off.

On the charts I use, the current rise in Silver is barely at a 15 degree angle. If I zoom in... wow it looks parabolic! How magical (rolls eyes).

Wed, 04/20/2011 - 13:17 | 1188854 JLee2027

JPM is up! and naked shorting.

Wed, 04/20/2011 - 13:17 | 1188865 mt paul

seventy five cent drop...

buy the dip..

Wed, 04/20/2011 - 13:32 | 1188928 market le pew

CNBC are all over Gold and Silver today.....I'm getting worried......

Wed, 04/20/2011 - 15:04 | 1189413 Temporalist

I heard it called a bubble on Blmbrg.

Wed, 04/20/2011 - 13:34 | 1188934 ZeroPower

Lots of smart people helping out at ZH, and some smart commentators too. Im sorry for those who bought in at 45. You know, it being "cheap" and everything. Short term overbought. Longer term trend is your friend, but come on, buying in after a 7 day mega rally? Insane.

Wed, 04/20/2011 - 13:32 | 1188936 BrobamaReds

QEEEEEEEEEEEEEEEEEEEEEE! here Pig, Pig, Pig!!!!!!

Wed, 04/20/2011 - 13:35 | 1188950 Gordon Freeman

Charge of the Blythe Brigade into the close--already recovering. Expecting the usual afternoon convalescence...

Wed, 04/20/2011 - 13:52 | 1188970 Temporalist

Tyler re: your title it made me think of something I've shared in the past; one of the reasons for the return to real money:

"...And It's Gone!"

http://www.youtube.com/user/Tempolisto?feature=mhum#p/f/4/4TlPo0yCSa4

*edit - My apologies for the repeated sharing of this but for those of you that haven't seen it take a look.

Wed, 04/20/2011 - 13:52 | 1189032 JLee2027

Massive raid, and it completely failed. Silver knocked down to 44.20 and back to 44.72 at the moment.

Wed, 04/20/2011 - 14:40 | 1189251 werealldoomed

My favorite downtrend:

http://media.dailyfx.com/illustrations/2011/04/20/Guest_Commentary_Gold_...

Wed, 04/20/2011 - 14:32 | 1189253 ivars

All signs of a log -periodic Sornette-Johansen type bubble in silver going to crash in few weeks:

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&start=140#p31889

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&sta...

Wed, 04/20/2011 - 15:50 | 1189637 Bay of Pigs

Maybe you should try reading some other material?

http://jsmineset.com/2011/04/20/interview-jim-sinclair-on-gold-and-the-world-financial-system/

Wed, 04/20/2011 - 14:38 | 1189264 werealldoomed

**dupe**

Wed, 04/20/2011 - 14:37 | 1189271 Treasure Freedom

Get shorty !

Wed, 04/20/2011 - 14:42 | 1189305 CustomersMan

Silver Breakout Above All Time High

The previous intraday all time high during the Hunt Bros. 1981 excursions was I believe $ 50. and change in the spot month which I believe was in March.

Anyway, trading through that level is important, and to do it convincingly. So, if we see it trade to say 52, that will be convincing. At that point I would expect many technicians to buy, they would rather pay 52 after a breakout above the old high, than buy it now at $44.

I believe we didn't come all this way,...to stop here, so I think it will be breached in the next few days to weeks. As anyone with technical background knows, this would bring about a move to 100 - 150 similar to whats has happened to Oil when it broke above 42 a barrel.

Wed, 04/20/2011 - 14:43 | 1189311 Tric

I see a sharp correction coming in the next few days. Why? I don't know. Silver seems to be getting a little too hot.

Wed, 04/20/2011 - 14:55 | 1189350 Minyan Vince

Wed, 04/20/2011 - 15:14 | 1189446 thedrickster

This weekend is going to be interesting.

OpEx Tuesday, As the EUR Zone turns, DXY taking out lows....Now where did I put that flux capacitor.

Wed, 04/20/2011 - 16:00 | 1189576 SilverFish

Damn, the bernak trolls tried telling me silver was a bad idea but I didn't listen. My cost average is $12/oz and it went up to about 45.65 today, but dropped down to 45.13 after that. WTF am I gonna do??????? IM RUINED!!!!

Wish I would have listened to their sage advice and bought WMT instead. DAMN MY LUCK *looks up in the sky and shakes fist at baby jesus in anger*

Wed, 04/20/2011 - 16:10 | 1189725 akak

LOL!

Most excellent rebuttal to the rabid silver-hating trolls, SilverFish!

Wed, 04/20/2011 - 16:21 | 1189795 ZFiNX

uh...did silver just go parabolic?

Wed, 04/20/2011 - 16:27 | 1189816 SilverFish

HUH? Didn't you get teh memo last year? Silver is for suckers. Muni's are where its at. You might still have time to cash out and jump on the gravy train.............. if you hurry.

Wed, 04/20/2011 - 16:31 | 1189836 akak

And don't forget about all those juicy long-dated Spanish and Portuguese bonds!

Damn, and what about those positively irresistible Greek bonds?! Like taking candy from a baby!

Wed, 04/20/2011 - 17:52 | 1190139 ZFiNX

I'll wait until the 13-week is yielding 15% before I do, it'll be a nice speculative play then. I wonder who all you silver bugs are gonna sell it to once everyone owns it. You still won't be able to buy anything with it because the government (and the dreaded fiat) will still be standing (powerful people know better than you or I how to stay in power). Thus you will have a bunch of wealth you cannot use for anything, then you will think " Oh gee, better get out now" right around the time everyone else does, then boom, silver futures drop like a 9th graders nut sack and you are all screaming trying to sell to anyone who will take it and you end up cashing out for around $35 an ounce.

Wed, 04/20/2011 - 18:01 | 1190178 akak

"All hail the status-quo!"

"Forever reign the status-quo!"

You are a historically ignorant and hopelessly blinkered twit.

Wed, 04/20/2011 - 18:07 | 1190184 ZFiNX

au contraire, you are the ignorant one - it is you underestimating the deviousness of the elite, as if they do not have people monitoring this site in order to set you up for a massive fleecing.

Wed, 04/20/2011 - 18:12 | 1190198 akak

Perhaps, but while setting us all up for a fleecing, they inadvertently backed themselves up into a running wood chipper.

Wed, 04/20/2011 - 18:24 | 1190241 ZFiNX

That is an impression they would like to cultivate, it emboldens you to take more steps towards the certain doom they have contrived for you, hence that it is why they have not spread propaganda to the contrary. Which they could, if they wanted. It's like poker: the sheeple are on level 1, everyone here is on level 2, and they are on level 3.. come join me on level 4.

Wed, 04/20/2011 - 19:42 | 1190477 akak

The sociopathic elites can cultivate whatever impression they like, but the incontrovertable historical fact is that nations with chronically overspending governments going into massive and unsustainable debt always ---- ALWAYS --- go the route of a "soft default" by depreciating their currency (if they are lucky), or suffering an outright currency collapse if they are not so lucky. I see absolutely nothing to suggest that "this time it is different".

Really, go learn some history, then get back to us.

Thu, 04/21/2011 - 02:56 | 1191484 Hephasteus

Did ya know. Joe Biden want's you to believe they are interested in human rights. LOL

Thu, 04/21/2011 - 03:09 | 1191516 akak

Actually, I totally believe in the sincerity and honesty of Joe Biden when it comes to his concerns about human rights.

The only problem is that he, and the rest of the power elite, view themselves as the only humans --- the rest of us are just untermenschen, and nothing but resources and pawns in their sociopathic power struggles.

...And $45

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