• Monetary Metals
    05/02/2016 - 01:28
    The price of gold shot up this week, and silver moved proportionally. Headlines are screaming for gold to hit $10,000 or $50,000. Does this alleged new bull market have legs?

And Gold Is Back To Record Highs

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Wed, 04/27/2011 - 13:04 | 1212168 slow_roast
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I'm wrapping my gold bars in USDs to make sure they don't get dinged.

Wed, 04/27/2011 - 13:07 | 1212196 AN0NYM0US
AN0NYM0US's picture

someone posted in other thread that Rosie has gone bullish (LOL)


If the bull market will end when the last grizzled bear comes out of his den and comes to the table, then hold onto your portfolio, because it may well be dinnertime.

David Rosenberg, the curmudgeonly senior strategist and economist at Gluskin Sheff in Toronto, told clients Wednesday in his daily newsletter that he’s finally given up his long-held position that the market is heading for a thud, if not an all-out crash.

Even as the major averages have risen 90 percent off their March 2009 lows, Rosenberg hasn’t been convinced, arguing that the economy is still too weak and investor sentiment way too giddy to justify such a relentless rally.

sorry for the CNBS link


Wed, 04/27/2011 - 13:16 | 1212230 HelluvaEngineer
HelluvaEngineer's picture

Only way to get people to pay for his newsletter, I suppose.

Wed, 04/27/2011 - 13:48 | 1212418 TruthInSunshine
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OT (sorry), but important:


Even traders hate Bernanke. LULZ


Wed, 04/27/2011 - 14:02 | 1212247 SheepDog-One
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Rosie goes stock bullish and buys the top of 90% run, sure sign next up is huge market crash.

Wed, 04/27/2011 - 13:19 | 1212251 Deep
Deep's picture

as much as i respect his writings, if this is true, the guy is full of it just like the rest of them. What exactly has changed to change his mind. Oh well.

the guy has been dead wrong for 2 years on the market, and chances are he's gonna be dead wrong agian  LOL LOL





Wed, 04/27/2011 - 14:08 | 1212552 taraxias
taraxias's picture

What's changed is that he came to the realization TheChairsatan's madness has no bounds. Continued liquidity injections from the FED continue to dwarf bad fundamentals. The equities markets now have become nothing more than an anti-dollar inflation hedge.

That's what's changed. 

Wed, 04/27/2011 - 15:44 | 1213175 TruthInSunshine
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Is that going to work as well as the 2007 Bernanke equity market 'put?'

Think about it.

Wed, 04/27/2011 - 15:49 | 1213208 malek
malek's picture

I read this as: he realized it will be QE 4eva, so in nominal terms prices will only move up.

Wed, 04/27/2011 - 13:09 | 1212205 nope-1004
nope-1004's picture

Geeze.... who knew a bankrupt entity that owns a printing press would acknowledge defeat and stop printing?



Wed, 04/27/2011 - 13:13 | 1212216 SheepDog-One
SheepDog-One's picture

Better than bubble wrap and cheaper.

Wed, 04/27/2011 - 13:59 | 1212494 Hugh G Rection
Hugh G Rection's picture

last few minutes look very parabolic....


Hello again $47, and goodbye.


1523, 47.06

Wed, 04/27/2011 - 13:05 | 1212171 Atomizer
Atomizer's picture

and silver will hit $50+.

Wed, 04/27/2011 - 13:09 | 1212210 SheepDog-One
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The must be struggling mightily to keep that beachball submerged underwater. They got to let go of it sometime.

Wed, 04/27/2011 - 13:06 | 1212176 Dangertime
Dangertime's picture

New gold highs, but not for silver.  Even as the dollar hits a 3 year low.

Wed, 04/27/2011 - 13:05 | 1212183 Bastiat
Bastiat's picture

Right. Please tell Blythe to stop hurting me.

Wed, 04/27/2011 - 13:10 | 1212199 SheepDog-One
SheepDog-One's picture

Thanks Dangertime. Almost done loading up at $45. Local dealer had a bunch of scratch n dent he gave me a deal for $1 over.

Wed, 04/27/2011 - 13:12 | 1212218 nope-1004
nope-1004's picture

I bought yesterday at $45.10.  Didn't get a great deal on the % over spot, but glad to acquire more pSilver.

Wed, 04/27/2011 - 13:24 | 1212273 Long-John-Silver
Long-John-Silver's picture

I wiped out Apmex Industrial scratch and dent Silver at the same price. It's all they had for immediate delivery. I fear "Silver Delivery Not Possible" will soon be the prevalent message coming from dealers.

Wed, 04/27/2011 - 13:27 | 1212292 tmosley
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Was that the "Their choice" bars or rounds?

Hehehe, if so, I know how much you bought, cause I didn't leave much :D

Wed, 04/27/2011 - 15:09 | 1212943 tmosley
tmosley's picture


In the past I've gotten some real stinkers when buying that stuff, but sometimes I get cool stuff that turns out to be numismatic, like Coke bars and Donald Duck 45th anniversary bars.  Well worth the low premium, overall.

Wed, 04/27/2011 - 14:06 | 1212531 cowdiddly
cowdiddly's picture

I was bidding on small rounds on flea bay over the weekend to top off the tank to a round number. Bid 52 dollars on 217 autions only managed 7eagles and 2Libertads 0 Kokkaburras, Pandas or Maples. Those freakin people over ther have gone flat nuts. fell 8 ounces short of a round number. Oh well at least I got a few small ones before the blastoff, now Im just going to enjoy the ride.

Wed, 04/27/2011 - 13:19 | 1212246 ZeroPower
ZeroPower's picture

Exactly. Were are those proclaiming $50 silver wasn't a bubble?

At least, in such a short burst anyway. Lets get through the year with silver in the $40s and take it from there.

Wed, 04/27/2011 - 13:35 | 1212338 SheepDog-One
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'Thru the YEAR with silver in the $40's?


Wed, 04/27/2011 - 13:20 | 1212258 lieutenantjohnchard
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you and robottrader have one thing in common besides being lousy traders. you're good at changing the subject when you're getting creamed by the market.

Wed, 04/27/2011 - 13:24 | 1212290 Dangertime
Dangertime's picture

Down 12k for the day on the puts, but still overall 13k in the green since I bought them.

Just need a little time for the correction to mature.

Wed, 04/27/2011 - 13:29 | 1212306 tmosley
tmosley's picture

Years from now, you will be saying the same thing, over and over, as your paper is stuck to your skin with urine and feces in your little cardboard "house" under the bridge.

Johnny Bravo will be right there with you.

Wed, 04/27/2011 - 14:00 | 1212515 long juan silver
long juan silver's picture

and you will still be living with your mother in Lubbock. Broke.

Wed, 04/27/2011 - 15:08 | 1212956 tmosley
tmosley's picture

Christ, you are such a retard.

Wed, 04/27/2011 - 16:33 | 1213467 UninterestedObserver
UninterestedObserver's picture

A lying retard - he has been shorting silver since $42 and is making money as it makes new highs, simply amazing LOL.

Wed, 04/27/2011 - 13:36 | 1212345 lieutenantjohnchard
lieutenantjohnchard's picture

i'll tip my hat to you. that's a bold position. i think it's wrong, and you're doomed. but at least you put your money where your conviction is unlike robottrader who essentially is a coward trader, afraid to lose.

Wed, 04/27/2011 - 13:47 | 1212423 Dangertime
Dangertime's picture

I definitely could be wrong, which would suck. 

But still, we are entering the weak time of year for the metals, plus I highly doubt we will be doing QE3 given the extreme reaction to QE2.  Add into that the probably debt ceiling fight coming up and I think we have a strong rational for a "whiff of deflation".

It may be that this parabola has one shot left in it, but I doubt it, and only a fool buys into a parabola.

Wed, 04/27/2011 - 13:56 | 1212477 tmosley
tmosley's picture

Enjoy your tax bill, you fucking loser.

Wed, 04/27/2011 - 14:02 | 1212486 SME MOFO
SME MOFO's picture

no real person posts this much of the same shit over and over for no reason, I'm fading you being an actual human with an independent existence from this board. and for the love of god at least learn your conic sections before you embarrass yourself any more

Wed, 04/27/2011 - 16:17 | 1213376 dogbreath
dogbreath's picture

its different this time.  the masses know now and have stopped drinking the kool aide

Wed, 04/27/2011 - 14:08 | 1212559 fuu
fuu's picture

How did that $2 bounce off the LoD feel?

Wed, 04/27/2011 - 16:33 | 1213456 UninterestedObserver
UninterestedObserver's picture

up 13k - LOL you are pure bullshit

Wed, 04/27/2011 - 16:27 | 1213423 UninterestedObserver
UninterestedObserver's picture

And you lose money shorting silver everyday - good job.

Wed, 04/27/2011 - 13:06 | 1212184 Mercury
Mercury's picture

I'm hardly bearish on PMs but I think it burns off around...say...2:15.

Wed, 04/27/2011 - 13:07 | 1212187 cowdiddly
cowdiddly's picture

You have'nt jumped out of your trailer house window yet? DT

Wed, 04/27/2011 - 13:08 | 1212191 TruthInSunshine
TruthInSunshine's picture

All storehouses of real value thank the Benzebub ChairBeast.

I doubt that means, NFLX, also. Even JNJ doesn't like The Bernanke, anymore.

JNJ's CEO says not likely to see double digit profits again. Thanks, Bernankincide. LULZ

"I am The Ben Bernank. I am Jack's angry sphincter. And I am Shiva, destroyer of worlds."

Wed, 04/27/2011 - 13:09 | 1212194 Dan The Man
Dan The Man's picture


tell me i didn't just miss the correction

Wed, 04/27/2011 - 16:28 | 1213427 UninterestedObserver
UninterestedObserver's picture

Yeah that was it - they keep getting shorter and shallower

Wed, 04/27/2011 - 13:07 | 1212195 GetZeeGold
GetZeeGold's picture


Oh.....so we're not doomed....cool.



Wed, 04/27/2011 - 13:10 | 1212200 brian0918
brian0918's picture

All this QEasing has me queasy! ;)

Wed, 04/27/2011 - 13:12 | 1212206 The Axe
The Axe's picture

sucker rally   close below 1500 today... 

Wed, 04/27/2011 - 13:09 | 1212208 deacon_blues
deacon_blues's picture

I'm starting to get good at this 'buying the dips' stuff!!

Wed, 04/27/2011 - 13:12 | 1212211 RobotTrader
RobotTrader's picture

AMZN, bitchez!!!


Wed, 04/27/2011 - 13:14 | 1212223 SheepDog-One
SheepDog-One's picture

Wheres the CHART! Too much signal interference in that locker youre stuffed into?

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