This page has been archived and commenting is disabled.
...And Large Silver Contract Follows Suit As Gold Goes Berserk, Hits New All Time High
Fresh all time nominal high in spot gold: $1,427.01
And this is what an EEG of Blythe Masters' worst nightmare looks like:
»
- 21478 reads
- Printer-friendly version
- Send to friend
- advertisements -
omfg Donkey Kong!
The time is now.
http://www.youtube.com/watch?v=vmRfj2dF7gM
Use the force, Buy Silver!
Done! 500 oz. Apmex today! And 4 oz. of sweet sweet gold.
The Force FTW, must see, Vader Sessions.
http://www.youtube.com/watch?v=6A0rwG39Jzk
p.s., I find it ironic that it was Darth, who actually blew up the death star, it was not Luke Skywalker.
That was most satisfying to watch. It was a total 9 minute pleasure break. Thanks for the link!
Enjoy !!
http://www.youtube.com/watch?v=cQ9sJVJMiYM
Done.
Converted 401(k) into 5.97k oz. As per the 7th (Dec) awakening, also withdrew all cash from bank.
Rise up.
Kudos AG!
My, 6000 oz. --- that's a nice little pile of shiny white!
It's so cheap! You stumbled across the hidden metal reference to my handle as well.
TF, I know you own TRE as own of your miners/explorers.
That baby is preparing to go ballistic.
Have owned it for years, cowbell, and "I like the way you talk." [Slingblade ref.]
I agree. Santa is about to see his net worth uptick a bit more.
Woe to the man who picks up the pennies in front of this SILVER steamroller!
Check out our latest PsychoNews story: Funny Money, Manic Markets, & Obsolete Media
http://psychonews.site90.net
"The media continues to serve purely as the mouthpiece of the Oligarchy. Its not so much what is reported, as what ISN'T reported, and how news is prioritized, that is the problem.
A lot of attention is given to gossip, celebrity 'news' (the worship of glamour), and a host of other sensationalist BS. The content of the latest WikiLeaks is a fitting example, as surely more vital documents could have been leaked. It revealed only that diplomats talk behind each others backs like giddy schoolgirls."
I knew that I liked you guys for a reason.... go JS.
Starting to look like JPM has completely lost control of the silver market and price discovery is getting more and more accurate.
Price discovery just beginning, imho, Rhino.
Look at a weekly chart for Aurcana Silver for a good look at price discovery in the Junior Silvers. Yes - I do own some :)
Nice move today! I will look into. I have been long and strong GPRLF since the low 0.30's....that has been blowing up like a champ daily since this move....
Nice I own Aurcan and Great Panther along with Alexco, Cream Minerals, Endeavor silver, Arian Silver and Silver Wheaton.
I'm mostly long PM miners and REE companies. Doing rather well the past few months. :D
Congrats to all longs!
BTG, are you still on Kitco anywhere?
How do you like the unmoderated format here? You must miss Ynot2K........
Oh my God, FUCK that hyper-politically-correct, intolerant, close-minded, capricious and hypocritical, power-hungry Canadian fascist stormtrooper of a so-called "moderator"! That bastard banned me several times for the slightest and most laughable of "offenses", but mainly I am sure because I had the temerity to confront the insulting lies and anti-gold propaganda of Kitco's dear spokesman, Jon "Gold is NOT in a bull market, but it IS in a bubble!" Nadler.
That Kitco forum is a virtual gulag of repression and suppression of free thought. It is a joke and a mockery of everything a REAL online forum should be.
God darnit, Mr. Akak, you use your tongue prettier than a twenty whore.
Dammit man, taking the Bernank's inflation into account, that's at LEAST a $65 whore, and not a penny less!
Yes, akak, I hear you, I was warned multiple times and banned once, a "moderated forum", at least that's what they call it, as they have, is a tad different from here. They have a nice little penny stock section which is where I spend most of my time, a few people have some good info, like BTG above, and if I feel the need to slander Jon Nadler I just do it somewhere else. A case of the pro's outweighing the cons.
They have just taken an 80+% long position in the copper market. Can't see the LBMA changing the rules against this long. Imagine the price of copper and then the price of silver, if they were told to cover their silver short and also to liquidate their copper contracts. Nice to have friends in high places.
Well, the regulators haven't the expertise to track down who made those trades and so no liquidation orders will be given. Can't act on what you don't/won't see.
Will they be able to manipulate it little downward please...
They try to suppress but its to no avail,bye,bye EE.
Cant they not just let portugal default or ireland, to make the dollar surge
Chart looks like someone giving the finger...
It's the dreaded middle finger pattern . PM short sellers are in tears I'd imagine .
Yes,It IS the middle finger!!
Nervous Ben?
Yes Bennie Boy,
It's one Big Fat Finger, a big fat middle finger pointing straight up his arse.
He'd like that, you are not, in fact Pure Evil at all...
Now a nice dildo, the size of the Washington Monument, unlubed, now we are getting started.
Edit: I take it all back, he is a puppet used to having someone's hand up his ass so he wouldn't even notice.
Tsk-tsk... How unladylike.
Speaking of unladylike, (not-so-subtle-segue, here...) Does Janet Napolitano NOT look exactly like what you always imagined one of Orwell's or Rand's jack-booted thugs would look like? Doesn't she look about as a-sexual and un-human as a(n) alleged human can be?
She, quite frankly, scares the ever-loving fuck out of me. I would kiss The Bernank on the lips to avoid shaking hands with The Napolitano.
And I am SO not gay.
+100
I knew I had seen her before. Ish!
she U G L Y , bad†
No! Christina Romer -- now there's a BABE!
most gov bitches are unbear.......able to look at.
can you imagine seeing her naked, Y I K E S†
I'm more worried about her seeing you naked. Y I K E S†
Now you have a problem. We'd save you.
God, I love this place.........
fuckin eh Rocky I just had dinner!
Food tastes even better the second time, doncha know.
ya'll gotta quit puttin up them pretty pict links hahaha
Between Big Sis and The Judge, gotta be some of the fugliest appointees ever.
Ummm, Janet Reno? I'd kiss Will Ferrell's rendition on SNL first....
For the ladies, so as to not be overly sexist, I give you SIR Alan Greenspan and Warren Christopher.
My dear mtomato2, I am as advertised, I am a MsCreant. I don't have to be good, being good helped the current situation come into being. Too many people are good. Fuck good hard up it's tight conforming ass. Fear of the consequences of deviance is how they control us.
I know you know this. Just gave me an excuse to say it again. Thanks for that.
+QE1, lite, and 2
I am Pure Evil,
Look, it say's Satan Inside, if that ain't Pure Evil, I don't know what is.
I'm certainly no goody two shoes. ;o)
Take lessons from Ms. Earable below. Now that, is Pure Evil with Satan inside. Note the judicious application of hot sauce. Heat, hell, fire, the whole bleeding and burning anus thing. Maybe you are just .999 Evil?
Said dildo must be jacketed with a sandpaper condom and liberally lubed with jabanero sauce. It's the only way he'll remember it as not being Dimon's fist.
I see a plan coming together. We are going to need lots of jabanero lube, that is one big asshole.
It's habenero to you. Jalepenos too. Try bhut jolokia, much hotter.
Smell the finger with the silver thimble.
Do you like that Ben! We'll, do you?
Point and finger chart.
It's getting awful expensive to have large short PM contracts. Good thing the taxpayer is always there to bail them out.
Those damn talking bears...
I've got a high in the Feb11 contract of 1429.40. Wow!
VGGCF is up over a buck ( today - 12% ) !!! $ 1.03
Not a bad buy 8 weeks ago at .62 ..... Lol'
..."VG Gold is focused on developing its four gold projects situated in the heart of the world class Timmins Gold Camp in Canada. Currently VG Gold is performing permitting, mine planning and exploration work that may lead toward production."....
Nice Spalding! I've got their pen on my desk from the Hard Assets conference but I didn't buy any. Nice pen though.
You win.
:>,
Turd, sometimes you are just too damn humble! I've been voyeuring your blog and watching you second guess ye old lying eyes of late. Talk about vindication.
I shall bow down and wash your feet now in fine wine.
ZH and 'Crash JPM' in SF Chronicle:
http://www.sfgate.com/cgi-bin/article.cgi?f=%2Fg%2Fa%2F2010%2F12%2F06%2Fbenzinga668905.DTL
It's going mainstream!
Wow! Imagine seeing stuff like that in a major newspaper. Thanks for the link.
i kept rechecking the name of the newspaper...was not sure if it was really SF Chronicle.
sfgate.com is the Chronicle, believe me.
yes, i understand, but i just did not believe it...i mean ZH going mainstream...got to be close to the end of the World
In recent days, rumors have been swirling on the internet that JPM's massive short position is about to blow up in their face in the form of an almighty short squeeze and potential COMEX default as large traders demand physical delivery of silver that COMEX does not have in their vaults.
In the overnight futures session on Sunday night, silver is currently trading 2.27% higher at $29.935. SOMETHING IS GOING ON. Making matters worse for JPM is the fact that a viral campaign (Crash JP Morgue Video) to buy physical silver and "crash" the bank is now spreading like wildfire on the internet.
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/12/06/benzinga6689...
Damn, lately Zerohedge smartasses gettin more publicity than Lady GaGa!!
I'll bet Blythe Master's ass is tighter than a rusted bolt.
Tighter than bull's ass in fly season.
Yeah...great stuff! But...
They failed to give credit to GATA, Bill Murphy and Adrian Douglas @ www.lemetropolecafe.com who actually got what Maguire had out in public in the first place.
"Thanks to Bart Chilton, Adrian and I were able to bring the Andrew Maguire/JP Morgan/CFTC email saga to the attention of the investment world and it has paid off in spades."
Viva LeMet!
[They failed to give credit to GATA, Bill Murphy and Adrian Douglas...]---DavidPierre
David, thanks for raising GATA's thankless commitment to this issue.
And to the ZH gang---CONGRATULATIONS! Enjoy today's victory. You deserve it. You deserve it for keeping the faith in the face of the most powerful, insidious, and entrenched institutions on the globe.
Here's to more victories to come!
dang, DP, they won't give credit...
but the gipper used to say: "you can get anything done in this town if you don't care who gets the credit."
so, small fist pump, then back to work. ain't nearly started this work, to fix what's wrong and prepare for the eventuality.
- Ned
"Retro time"
"On that December 18 day nearly two years ago, the price of silver was $11.08, From the LemetropoleCafe commentary back then…
The meeting with Bart Chilton went on as scheduled and lasted about 50 minutes. The surprise was that there were three others from the CFTC who attended, including the Deputy General Counsel. One of the other attendees at our meeting had already viewed the Gold Rush 21 video. {*a must view, 8 hr. video available @ www.gata.org }
Bart listened intently and took notes, as did one of the others, and asked numerous questions. Basically, I laid out our GATA presentation as I explained in the Sunday Midas. I am not going to get into all the details of what they said, as we will see what takes place in the months to come … except to say that I chuckled when saying to them if they really wanted to comprehend what the real gold price suppression scheme is all about, all they have to do is go to their new Chairman … at the right time. No one knows what is going on better than he does.
I did not hold back and said the main culprit of The Gold Cartel was our own government (their own boss), who has been in league with bullion banks JP Morgan Chase, and others, to suit their own hidden agenda.
Naturally, I drew parallels to the Madoff scandal and how the SEC ignored 9 years worth of probes into the Ponzi scheme. I also laid out how and that why what is occurring in gold and silver could lead to a much bigger scandal in the years ahead if the price suppression scheme is not aborted.
That is because The Gold Cartel is running out of enough ammunition (available central bank gold) to meet the growing annual supply/demand deficit.
I was very impressed with Bart Chilton (very sharp guy) and he mentioned that my trip to D.C. would not be in vain. There are two things for sure. As in the Madoff scandal, no one can say the powers that be didn’t get the full scoop, and the facts about the gold price suppression scheme … what has happened and why. And if there is one person in Washington who will throw his hat in the ring to get to the gold truth, this is the man."
Bill Murphy @ www.lemetropolecafe.com
If you want to really know...The place to go!
{*no obligation, 2 week free trial}
Tyler,
Steak (God bless his meaty and musical soul) lamented about your 'hands off' to no end. Don't change. Keep buttoning your cuff links eh, SFChron coverage blended with public flogging FRN fiat revelations are going to de-chain the hounds of statist incontinence.
Don't miss the fact that the article is provided, obviously by some aggregation service called, ready...
ben-zing-a
Seriously, check it out, just under the author's name.
Ben-zing-a!
Comic, ironic and spot(priceless) on!
ORI
http://aadivaahan.wordpress.com
Reading Harvey's blog tonight will be great!
http://harveyorgan.blogspot.com/
Houston, we have V I A G R A!
I'm tingly all over.
I'll be right over.
I'm with you MsCreant.
Jamie Diamond is truly a girl's best friend. He has allowed us to gather more physical. Just loving my sparkly little coins right now.
We are not watching the destruction of the financial system so much as the dawning of the truth about it. That and watching the rocket launch are both exciting.
"We are not watching the destruction of the financial system so much as the dawning of the truth about it"
+1 That is perfectly stated, profoundly right.
The irony is that widespread knowledge of the truth will destroy the system.
Total epic fail imminent!!
Poignantly stated. May I borrow in the future?
Is the future an option?
Jamie,
This one goes out to you:
Silver Bells (Dean Martin)
http://www.youtube.com/watch?v=hDtB8AiVa8U
I miss Johnny Bravo :( ;)
Oh Im sure he's still here as some Alt or another... aren't you JB?
Come on Johnny? Give us a laugh!?
No am Jonny why? And where's my twin brother Robot?
RobotFade's trust fund went bust. He's begging the parents for more cash. Trying to sell the tungsten gold he bought in Tijuana. Not looking good....
RT has been long PMs since at least 2004. (I used to follow him in a previous incarnation where he posted pics of the bars he'd just bought, and wrote some great rants about the PREVIOUS gigantic credit bubble.) He makes fun of gold bugs to try to maintain his mental balance, I guess.
Now here's a great piece of gold bear history:
http://www.safehaven.com/article/3039/gold-to-200-silver-350
"Gold to $200, Silver $3.50 By: Steve Moyer | Sun, May 8, 2005I'm not going to mention any names here but you gold and silver bugs (and columnists) just crack me up. As soon as gold and silver prices drop, as they continue to do as we speak, the conspiracy theories begin. Enter the court jesters, the jugglers, the monkey grinders and the clowns with the pants that fall down. You fellows really should take a step back and read your own stuff. It's downright vaudevillian."
Awww, you're so cute. How big will you get when you're full grown?
Johnny Jizz ...
It needs to be renamed to The Bernank Splooge !
Client9?
Goled to $200 and buried canned ham in the backyard Bitchez!!!
hell yea
From the end of the SF Chronicle article linked above:
"Readers who are interested in learning more about this story are encouraged to do follow up research and post comments. Those who wish to participate in squeezing the living daylights out of JPM, may want to consider buying physical silver, silver futures and SLV.
Keep a close eye on this market during the coming week..."
I knew this day was coming but I never thought it would be this much fun!
Wow! Excellent! Shocking, though--I'm pretty sure the editors of the Chronicle have no idea what they just got into.
i wondered about that...it might be though, they are struggling to keep their heads above the water so, anything will do...
The SF Chron did a story on internment camps a few years back. I'm sure they wish they hadn't got into that one either.
Author of the SF article Scott Rubin may be getting a call from Robert Rubin.
And yet they miss the point with silver futures and SLV. Close enough?
A good start, anyway!
A few encouraging emails to the writer of the article would help steer him right.
In case you want to trade the paper ETF's consider PSLV and PHYS by Eric Sprott - from what I hear he is really storing the stuff and actually is enjoying the current squeeze on the banksters - CHEERS!
CEF
thx
Yes, every ounce the Sprott Physical Trust (PSLV) has is verified and stored in the Canadian Mint (backed by the Candian Gov't). The trust owns 10,000 London Good Delivery Bars of silver, which vary in size but are roughly 1000 oz bars. You may redeem your shares of the trust for actual physical silver, however, they have a minimum redemption amount of 10 London Good Delivery Bars, plus all related administrative, shipping and handling expenses. So you'd probably need something like 25,000 shares in order to actually redeem for physical. The important thing to know is there is a set procedure to convert your shares to physical and the physical is actually held in a vault!
I own PSLV now, and think it's a good idea for the short term considering what's going on (holiday squeeze?). Wouldn't be caught dead holding SLV. At one point today PSLV was up close to 7% while SLV was up just around 3%. Sign of things to come?
In the long term, I'd recommend buying actual physical silver instead. The PSLV trust sells it's silver over time to cover all of its expenses. I think this works out to something like 0.8% a year using recent prices. In other words, the amount of silver the trust holds is going to gradually decline forever. If the price of silver is really low, it could impact their holdings significantly as many of their expenses are fixed so they'd have to sell more silver to cover them. Not a big deal for shorter term type trades (days, weeks, months) but over many years can add up.
I like GTU for gold.
NEWS FLASH: At market close today, Mr. T's neck is worth more than Buffett and Soros combined!
http://www.google.com/imgres?imgurl=http://www.nndb.com/people/227/000025152/mr-t-buff.jpg&imgrefurl=http://www.nndb.com/people/227/000025152/&usg=__DkMFtrrdiZhXXcacRR_iFs3XbzM=&h=212&w=270&sz=23&hl=en&start=0&zoom=1&tbnid=1zNuIdrPAD1i4M:&tbnh=140&tbnw=178&prev=/images%3Fq%3Dmr%2Bt%26hl%3Den%26biw%3D1012%26bih%3D575%26gbv%3D2%26tbs%3Disch:1&itbs=1&iact=rc&dur=219&ei=pending&oei=b1D9TO_8JcSblgfB3J2JBQ&esq=4&page=1&ndsp=16&ved=1t:429,r:1,s:0&tx=123&ty=70
Pity the fool who doesn't have physical.
A bigger foo' is the guy who can't use http://tinyurl.com/.
Aaaaeeeyyy! Silver, bitchez!!
Aaaaeeeyyy! gold, bitchez!!
Gold
http://99ercharts.blogspot.com/2010/12/gold_1737.html
http://www.zerohedge.com/forum/99er-charts
Nothing to see here folks. Please move along.
Congrats to bulls, the H&S was not a top but a consoldation. You should see 1490 - 1535 as next area of resistance.
Welcome to the party, Two. Come on in!
Thanks Turd, but I just look at charts and don't care what it is I am looking at. I am sure when I recommend selling Gold at 1490 - 1535 I will be junked like an unwanted whore again. C'est le vie. Good Luck!
c est la vie
gracias
TwoRiver,
You're like a catalytic converter... stinky, but useful in a succinct sense.
I'm hoping for more of those odiferous comments next week!
Thanks, you have the name of a nice restaraunt i once knew. Gold is just another chart in the meantime. Have a good one.
A true trader...lol
Why not use price and volume dynamics to dicern where possible targets lie? What do you do? Hold and hope? That sounds like a true sheep.
Because you have no idea how to "dicern" anything; there are no heads and shoulders; hold and hope produces profits in bull markets; sounds like success. You just failed. you're pretty mouthy for someone who doesn't know what they're doing. Try put some money on these delusional chart readings of yours; you'll sober up fast.
That's a bold statement for someone with no track record to put up here. Also, I refrain from emotional, child-like retorts like yours. If you want to talk about charts, fine. Anything else, call your mother.
2River,
His IQ is so high it makes him socially inept, just ignore. Speaking of charts, Au is still following its 2 year trend and trading range. I believe many here (including the Turd) are expecting a positive slope change about now...the proverbial parabolic there-she-blows moment. Any thoughts on the indicator? (Sorry TF, if I'm typing words into your avatar's mouth...no offense)
I Fester
You are the type that will be shaken out on a $100 move when there are $1000 moves in store for us.
well, to be honest when people around here hear "sell gold," they think you mean their vast stockpiles of krugerrands, instead of just as a short or IT trade. I also called for a paper short from IAU 13.5 to 13.0 then a wait for H&S confirm and if an up close to go long with both fists
Hear ya Trav, lotsa guys here remind of Cramerites. afraid to even speak in this gulag sometimes. I don't give a shit about Gold, the chart looked toppy and it turned out not to be and now you prob see some nice follow through. NEXT.
Who do you think was painting those tops? The EE has a strong incentive to suppress the price of gold for reasons that probably don't need explanation.
Maybe they were painting the top and maybe they weren't. I don't concern myself with manip. Until Gold broke 1400, it had a legitimate top potential. That formation is gone and now we should see follow through on the upside. Some of you guys need hobbies.
I don't sell my core holdings, but I do have trading shares and buy hedges when appropriate. 1500ish sounds like a plan to me.
http://stockcharts.com/h-sc/ui?s=$SILVER
I told a friend not to buy any yet after that middle finger and overbought condition a few weeks back. Needless to say a few days later I was congratulating myself. Needless to say those congratulations were badly premature.
charts...sigh...saw your comments last week.."eat me, eh?"...I guess its back on you. as you would say, why so emotional about it?
I am glad you saw that because i meant it. This seems to just be a Gold bug site. i don't have any fundamental disagreements with the thoughts put out here, i just look at charts. Everyone eles is married. Have fun, see you at 1500.
You were calling a H&S top in silver last week even when the chart clearly shows an inverse H&S and resulting breakout.Learn how to read a chart before you profess to know how to do so.
http://www.kitco.com/charts/popup/ag3650nyb.html
Silver to $80 soon no problem.
True, it's been there before, plan accordingly.
Went into the weekend long the gc, instead of selling the Sunday night pop, added on the dip. Happy camper here!
When the POG hits $1440 I will have officially "doubled-up". Methinks I whilst quaff a beer or two whence this happens...
Oh my, according to Barry, ZH is full of those evil metal heads...Oh my....
"Paging Johnny Bravo, Mr. Bravo please call 911, your shorts are on fire."
It looks like the usual HSBC and JPM short movie got stomped today, like the grapes that they are....Cover those shorts boys........Ha ha ha
Johnny has been paging Dr. Green Thumb up on Cypress Hill, seeking medical to ease his pain.
http://www.youtube.com/watch?v=JLWUtQRF8rw
"If it ain't metal, IT'S CRAP!" -- Dee Snyder on "House of Hair" (radio broadcast)
and Silver Wheaton just keeps on going and going and going....