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And For Today's Margin Hike...

Tyler Durden's picture





 

CME goes full retard, and is now seriously threatening to destabilize the clearing structure of the market with what appears a panicked margin hike every single day in one or more commodities. Among today's products impacted RBOB and RBOB crack spreads, up by 21% and 50%, respectively, as the CME makes it all too clear which products the Obama memo said need to be killed post haste.

 

CME 5.11

 


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Wed, 05/11/2011 - 17:05 | Link to Comment Firing Pin
Firing Pin's picture

Anytime the government is attempting to drive prices lower, they will invariably go higher.

Wed, 05/11/2011 - 17:07 | Link to Comment Long-John-Silver
Long-John-Silver's picture

and reduce the supply of it causing shortages and rationing.

Wed, 05/11/2011 - 17:18 | Link to Comment Sudden Debt
Sudden Debt's picture

INVENTORY: a number on a piece of paper.

 

and what did I tell ya about numbers? Charts? Presidents?

 

Thu, 05/12/2011 - 03:19 | Link to Comment Urban Redneck
Urban Redneck's picture

I'm waiting for Barry to break out the cardigan sweater and have a fireside chat next to a burning pile of FRN's.

Thu, 05/12/2011 - 07:29 | Link to Comment Tim White
Tim White's picture

  I could seriously see that...

Wed, 05/11/2011 - 17:43 | Link to Comment duo
duo's picture

yup, without being able to hedge, the producers will make ONLY what they can sell immediately.

Wed, 05/11/2011 - 17:12 | Link to Comment worldlymrb
worldlymrb's picture

By keeping prices artificially low, govt is risking SHORTAGES if anything.

Wed, 05/11/2011 - 17:16 | Link to Comment Sudden Debt
Sudden Debt's picture

Yep, that's how it will end.

Other countries that don't manipulate their inflation down will just buy up all the cheap US stuff untill there's nothing left and Americans will be forced to buy foreign for 5 times the price.

HISTORY'S A BITCH WHEN IT WORKS AGAINST YA OB!

 

Wed, 05/11/2011 - 18:09 | Link to Comment cossack55
cossack55's picture

1949= US gold at the fort     702 million oz.

2011= US gold at the fort(?) 261 million oz.

The rest was sold to everyone BUT amerikans for $35.00/oz to prop up the dollar.

That worked out well.

Wed, 05/11/2011 - 18:22 | Link to Comment Hearst
Hearst's picture

What is this becomming The Great Depression Opposite?  This time around the authorities are scrambling to keep prices down while in the 30's they were trying to push prices up.

Wed, 05/11/2011 - 17:19 | Link to Comment Mentaliusanything
Mentaliusanything's picture

I think I'm turning Chinese - Centraly Managed Everything.

Hail to the Chairman

Wed, 05/11/2011 - 18:53 | Link to Comment Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Yeah, but the Politburo is way better at mgmt than these clowns.

Wed, 05/11/2011 - 17:46 | Link to Comment Tomified
Tomified's picture

They're frightened by the collapse of the commodity bubble, not the bubble itself. Their game is to create inflation to fight deflation. I'm betting they won't win.

 

Wed, 05/11/2011 - 18:13 | Link to Comment Fedophile
Fedophile's picture

They will beat deflation in the long run, the printing press always wins.

Wed, 05/11/2011 - 18:50 | Link to Comment cossack55
cossack55's picture

I hope so, 100 trillion dollar bills (Zimbabwe) in a small frame with a custom label (in case of emergency, break glass) make wonderful and affordable Xmas gifts. This year I used Weimar bucks. Next year 1946 Hugarian bucks (a little more expensive).

Wed, 05/11/2011 - 21:31 | Link to Comment New_Meat
New_Meat's picture

Ya, saw a T-Shirt this weekend: "I Beat Anorexia!" and by-jimminy, so he had.  By a factor of 4. - Ned

Wed, 05/11/2011 - 18:02 | Link to Comment Math Man
Math Man's picture

The only one who has gone 'full retard'  is ZH.

Complaining that CME is raising marigns?  Are you kidding me?  We keep having huge volatility spikes.  They have no choice.

Commodities are completely and totally fucked here.  Corn, Crude, Wheat, Silver, Gold, etc.  They are all fucked.  Too much speculative froth.  And it is about to reverse.

There will be a ****LOT**** of money coming out of commodities in the coming weeks and months.  If you're invested in one of these so called "hedge" funds that happened to drop 20% on a 5% down move in the commoditity complex, you're not asking questions, you're just sending a redemption request.   The levered speculators are going to be pulled out of the market by both increased margin requirements and the good old fashioned way --- through redemptions.  And when the redemptions start hitting, look the fuck out.

This is only the beginning.

But on the flip side... if it spills over in to stocks, buy the shit out of them.  Lower input costs will be good for everybody.

Wed, 05/11/2011 - 18:10 | Link to Comment cossack55
cossack55's picture

You were just as fucking stupid on the other thread. At least you are consistent.

Wed, 05/11/2011 - 19:30 | Link to Comment Hugh G Rection
Hugh G Rection's picture

I'm beginning to think MathMan just has a really good sense of humor...

 

Either that or he's just a fucking idiot.

 

The whole JT Marlin I drive a Ferrari persona is just too convenient.

 

Wed, 05/11/2011 - 18:13 | Link to Comment Highrev
Highrev's picture

Whatever.

What's obvious by taking a quick, cursory look at the charts is that the carry got blow-up again today and the victims aren’t even getting off the mat.

The $64,000 question is how much more is to come the next couple of days into the weekend.

 

Wed, 05/11/2011 - 18:55 | Link to Comment bothsidesnow
bothsidesnow's picture

ZHers too busy bashing Bernanke and failto listen to what he said in the press conference. ZHers became sheeeple of the PM's or Pimples.

These guys got the carry trade unwind right a few days after the press conference by analyzing what the Bernank said.

http://thesheepletimes.com/2011/04/30/bernanke-sends-signal-to-carry-trade-speculators/

 

 

Wed, 05/11/2011 - 21:50 | Link to Comment Doña K
Doña K's picture

Highrev,

Soon it will be cheaper to buy PM's in cash than buy futures.

And the futures will only be traded by the TBTF and some other big fish cannibalizing on each other.

Wed, 05/11/2011 - 18:16 | Link to Comment Hearst
Hearst's picture

So where do you propose this ****LOT**** of money will go?  The grossly over bought stock market?  The toxic bond market?  Everyone's going to sit in cash earning negative interest rates (against real inflation)?  I'm happy to own 'commodities'.  

 

'CME goes full retard'  Still laughing Tyler thanks keep it up.

 

 

Wed, 05/11/2011 - 18:39 | Link to Comment Strider52
Strider52's picture

"crack spreads, up by 21% and 50%, respectively".

Sheeeeet, man, the crack in my hood is spread so thin you gotta buy 2 dimes just to get an ear-ringer anymore.

Wed, 05/11/2011 - 18:49 | Link to Comment Math Man
Math Man's picture

It just goes 'poof' - most of it is levered 10x or more.

And the rest of it goes in to the dollar....  that is where you idiots have it wrong.  Commoditites are driving the dollar higher.... it is not the dollar driving commodities.

Wed, 05/11/2011 - 20:11 | Link to Comment Rynak
Rynak's picture

PFFFFFFFFTTCOUGHCOUGHCOUGHHAHAHAHAHAHA

Yes, and CME is not creating volatility - its just responding to it.

Thanks for the laugh. Go long flying pigs now!

Wed, 05/11/2011 - 19:02 | Link to Comment clymer
clymer's picture

you poor, attention-starved and socially inept little, impotent man.

 

It must be hard to be you, using this forum as your only device for obtaining attention

Wed, 05/11/2011 - 19:28 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

"We keep having huge volatility spikes.  They have no choice."

 

They've created the volatility.  F#ck you.

Wed, 05/11/2011 - 20:31 | Link to Comment Keri at Bankste...
Keri at Bankster Report's picture

I don't have a problem with the margin increases, but that does not mean that I am unable to see the vast political impetuses of the decisions: I think I would be blindly following the CME's "risk" flute if I didn't see them.  The CME knows that there are many ways to skin a cat, and they know the most public ways, too.  I think this is what ZH is pointing out.

There have been comparable times in very recent history when commodities (specific comms and groups) have exhibited equal or greater volatilty, and yet the CME nor other exchanges did not respond with targeted margin increases in the extraordinarily aggressive way we are seeing with the market moves right now.  Some could say that they are learning from their mistakes; some could say that they are under an external (political) pressure; some could say...

My question for you is this: where is the money coming from, for those who want to continue playing in the comm market--from what source are the moving it to buy more chips in comms?  You make it quite clear that you think the entire comm complex is overbought; you might be right---it is hard to tell with USD right now, in my opinion.  The metrics are gone and have been for some time.  But anyways, more money, at least currently, is going into it.  Where is it coming from?  Trades are too sided: you're clearly predicting a crash, so who is on the other side?  Names?  Who'll clean up?

Today, both USD and silver breifly crossed (both from below) their respective 50dma's. Of course, silver fell through its 50dma last week in spectular fashion, while USD has been consistently below under since mid-Jan.  Fun times.

 

Wed, 05/11/2011 - 18:23 | Link to Comment Pale Green Horse
Pale Green Horse's picture

The problem you have with your thinking is when you raise the margins you move the commodity closer to supply and demand price and further from the speculators price.

In other words, there was no reason for oil or silver to be at those prices.

I own physical silver and knew it was over priced and was not buying and am still not.

Wed, 05/11/2011 - 18:49 | Link to Comment cossack55
cossack55's picture

It is not over priced, it is over manipulated. Do the math.

Thu, 05/12/2011 - 01:56 | Link to Comment FlyPaper
FlyPaper's picture

So how do you determine the supply/demand price for Silver?  No disagreement that its manipulated.  

Thu, 05/12/2011 - 02:04 | Link to Comment Pale Green Horse
Pale Green Horse's picture

Since I am a physicist, would you like me to use DE or what? It is simple math, the longs were leveraged beyond their ability to make the margin, the shorts were not. The price of oil and silver has been over priced by speculators, not supply and demand. Once you realize this you won't fall for the parabolas anymore.

You can argue with my economic theory but I will beat your ass on the ground everyday with math. It is what I do!

 

Ask yourself. who is doing the manipulation? The producers and the consumers or the leverage?

 

Thu, 05/12/2011 - 02:09 | Link to Comment Pale Green Horse
Pale Green Horse's picture

I would say I bet less than 2% undertood what I just said.

Wed, 05/11/2011 - 20:49 | Link to Comment Stares straight...
Stares straight ahead's picture

Within the document, it is said that one may sign up for future announcements of rate hikes here:

http://www.cmegroup.com/newsletter/web2lead/web2sf-old.html

Wed, 05/11/2011 - 17:08 | Link to Comment Long-John-Silver
Long-John-Silver's picture

It's like asking the waiter what the special of the day is.

Wed, 05/11/2011 - 17:09 | Link to Comment Xibalba
Xibalba's picture

At least now we know what they're short.

Wed, 05/11/2011 - 17:19 | Link to Comment Sudden Debt
Sudden Debt's picture

brains?

 

I could have told you that a long time ago.

 

Wed, 05/11/2011 - 17:06 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Barry,

No one is allowed to own oil except the oil corporations.  Got that?

-Your handlers

Wed, 05/11/2011 - 17:08 | Link to Comment Turd Ferguson
Turd Ferguson's picture

Jimi: Here's how I feel. An oldie but a goodie

http://www.youtube.com/watch?v=Ei2WhctlRHY

Wed, 05/11/2011 - 17:15 | Link to Comment sdmjake
sdmjake's picture

Thanks Turd ~ That is fantastic.

Wed, 05/11/2011 - 17:48 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Yes, but your avatar is fantasticerer......er.

Wed, 05/11/2011 - 17:17 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Turd,

Stop fucking with our money!  We don't like our money to be fucked with!

-Barry's handlers

Wed, 05/11/2011 - 17:37 | Link to Comment ReallySparky
ReallySparky's picture

Turd, that was funny.  I have no idea why anybody would junk you.

Wed, 05/11/2011 - 17:37 | Link to Comment tmosley
tmosley's picture

Sockpuppetmaster with an agenda.

Wed, 05/11/2011 - 20:42 | Link to Comment Teamtc321
Teamtc321's picture

lol, oh turd. That is good....lol

Wed, 05/11/2011 - 20:52 | Link to Comment Keri at Bankste...
Keri at Bankster Report's picture

I understand that this is satire, but what do you mean by this?  That oil companies are holding up the price of oil?  If this is your intent, then below is my response to you.  If it is not, then below is my rant to people who do think this.

I have heard this so many times, and have yet to see anyone front me some evidence.  Look at the energy markets back to 2000, and then back to 1990.  You'll see what something BIG changed around 2000, and it wasn't that oil companies started.  It was that banks got the ok to open to the prop trading desk and entered the market with 40:1 levered dollars and margin buying.  I'm not saying that oil companies are great, but there are dozens of oil companies and thousands of sources across the globe.  I will say that I have long contended that the biggest oil companies, particularly BP and Dutch Royal Sheel, are not oil companies but rather financial institutions supported by governments, and I would extend that to the OPEC sources, but they make no bones about it being 100% true.  The enabler is the banking machine: banks own everything, and we just keep giving them more.

If I was head of the CFTC, the oil companies wouldn't be the only ones allowed to own oil, but who ever wanted it would not only have to buy, but have to take delivery of it. Yeah, son: you want oil?  Good---take it.  You don't want oil?  Stay out.  Not just oil, either.  The old school would be back....and then I'd "tragically" take a header down two flights of stairs, including a sharp 90 degree turn on the landing, just minutes after meeting with my collegues at the Federal Reserve.  Ain't that a bitch.

Thu, 05/12/2011 - 08:12 | Link to Comment magis00
magis00's picture

This.

Wed, 05/11/2011 - 17:10 | Link to Comment monkeys.pick.bottoms
monkeys.pick.bottoms's picture

Don't margin hikes ultimately kill the ability to destabilize the market by raising margin requirements? Is it possible that 100% margin means a win for our side? Just sayin...

Wed, 05/11/2011 - 17:13 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

I can't spell PhD, but I would say that, hypothetically, you would be correct, if it is done across the board for all capital investments.  Not, however, when it is done selectively.  That is moral hazard.  Nothing more, and nothing less.

Wed, 05/11/2011 - 17:14 | Link to Comment Long-John-Silver
Long-John-Silver's picture

Ultimately we do win. Just be prepared to ride the storm out until the music stops.

Wed, 05/11/2011 - 17:15 | Link to Comment Vagabond
Vagabond's picture

Nope, they will lower the margins, rinse and repeat.

Wed, 05/11/2011 - 17:18 | Link to Comment agent default
agent default's picture

I have always wondered about that my self. But then again if they are getting desperate...

Wed, 05/11/2011 - 17:18 | Link to Comment agent default
agent default's picture

I have always wondered about that my self. But then again if they are getting desperate...

Wed, 05/11/2011 - 17:19 | Link to Comment mayhem_korner
mayhem_korner's picture

Yes.  By eradicating leverage, investment options would be valued entirely in terms of alternatives.  So everything should move toward its correct valuations.  That's what's been going on in silver.  Keep driving the specs out and only the real, cash-for-physical players are left.  That drives silver toward its natural value, which is much higher than it is trading.

The dam has broken.  All they are doing is trying to steer the flow of water.

 

Wed, 05/11/2011 - 17:11 | Link to Comment RobotTrader
RobotTrader's picture

You guys didn't believe me....

But Washington knows exactly how to win elections.

By:  a) paper shorting commodities into oblivion, b) wiping out all commodity speculators, and c) Amaranthing every hedge fund that has the "weak dollar" trade on.

A carbon copy of a 2008 crash in the CRB Index is now underway.

Consumers will be cheering Obama, as he is a hero for "whipping inflation" and "punishing OPEC".

Wed, 05/11/2011 - 17:14 | Link to Comment jomama
jomama's picture

who's 'you guys'?  tmosely?

Wed, 05/11/2011 - 17:22 | Link to Comment tmosley
tmosley's picture

At the very least.

I'm sure America will love Obama when the triple "dip" kicks in and inflation hits double digits, despite a few falling commodity prices (this is the essence of whackamole--you can't hit them all all the time).

Look for higher food inflation as a result of this stupidity in the oil and PM markets.  Look for continued rising of premiums on physical silver, and soon gold.  Look for a lot of empty shelves at those places that don't raise their price to real market levels.

Look for low prices to bring out Asian buyers, and for that repatriating money to start bidding up EVERYTHING.

This will all happen prior to the next election.

Wed, 05/11/2011 - 17:30 | Link to Comment mick
mick's picture

Let me guess.  Your prescription is buy silver.  Wrong today.  Even a stopped clock's right twice a day.

Wed, 05/11/2011 - 17:39 | Link to Comment tmosley
tmosley's picture

Feel free to stick with fiat.  I'm not going to force you to survive.

Wed, 05/11/2011 - 17:59 | Link to Comment mick
mick's picture

I have physical.  It's not for sale in my lifetime, because I inherited it and I'm going to pass it on to my kids.  I also have paper, which I'll probably sell tomorrow and re-buy when the dip's dipped.  I did that last week and made myself 5% more paper.  Holding through the dips seems masochistic to me.  Do you really believe the right time to buy silver is all the time?

Wed, 05/11/2011 - 18:55 | Link to Comment cossack55
cossack55's picture

Yes, but only if you are sentinent. End the end, the only paper you hold is toilet paper.

Wed, 05/11/2011 - 20:22 | Link to Comment tmosley
tmosley's picture

Uhhh, yeah.  It's called dollar cost averaging.  It means you don't really care when silver falls off a cliff, because you only bought 0.5% of your stash above current levels.  No big deal.  On the other hand, if the COMEX issues a notice of default tomorrow, I am quite happy with my purchases at the "high".

As it stands, for every $501 dollars invested in the last 36 months, $500 is in the money (worth about $1750 total), while $1 is out of the money, down about 25 cents.  Do you see how this math works?  

This is the best method for accumulation in a bull market of unknown power.  And we really don't know how powerful it is.  My analysis of the fundamentals point strongly upwards, yet here we are, down almost a third of the way from the peak.  I am happy to keep buying, because worst case scenario, it just means I didn't gain as much as my dollar cost average rises.

Wed, 05/11/2011 - 17:45 | Link to Comment mynhair
mynhair's picture

So buy a miner, ya limp mick!

Wed, 05/11/2011 - 17:47 | Link to Comment jomama
jomama's picture

dude, why you junking?  i'm on your side... no fucking shit and i agree with everything you just posted.

you just take RT's posts all at face value, and tbqh, you really shouldn't.

Wed, 05/11/2011 - 17:55 | Link to Comment tmosley
tmosley's picture

I didn't junk you.  Someone with nothing better to do is junking all the posts.

Wed, 05/11/2011 - 17:17 | Link to Comment Long-John-Silver
Long-John-Silver's picture

Rationing and closed service stations will be the result. Ask Jimmy Carter how well that worked out for him.

Wed, 05/11/2011 - 17:23 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

And since the House of Saud's oil production peaked last year, and the new largest oil producer, Russia, peaked in '89, I imagine the Fed will invent a car that runs on paper pulp.

Wed, 05/11/2011 - 17:33 | Link to Comment tmosley
tmosley's picture

http://www.thomaswhite.com/images/explore-world-new/BRIC-spotlight/img-b...

I'm not so sure you can really trust the oil production figures that came out of Soviet Russia.

Production is rising--not exactly a classical peak oil curve.

Wed, 05/11/2011 - 17:41 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Russian oil production was highest in '89.  If Russian production rises past its '89 peak, then come tell me about it.

Wed, 05/11/2011 - 17:27 | Link to Comment mayhem_korner
mayhem_korner's picture

Big flaw in your theory, Jethro.  Each successive margin hike has been met by an increasingly fast-rising rebound.  Thus the shorter intervals between each round.  Eventually, you run out of chambers, and the groundswell will take this stuff to the moon.

Gravity always wins.  I can wait these clowns out forever...

Wed, 05/11/2011 - 23:17 | Link to Comment Founders Keeper
Founders Keeper's picture

How does that saying go?

I can stay "physical" longer than the Fed can stay solvent.

 

Wed, 05/11/2011 - 17:28 | Link to Comment NidStyles
NidStyles's picture

Yeah right. When sound monetary policy doesn't enable you to do what you wish it's just easier to manipulate everything and create a fascist system, right?

Wed, 05/11/2011 - 17:44 | Link to Comment Marty Rothbard
Marty Rothbard's picture

Maybe a crash for some commodities, like oil, and gasoline, that are expensive to transport, and store, but I can't see it hapening for gold. Too many people, and too many central banks have wised up. All they will succeed in, is emptying out the COMEX vaults a little more quickly.  Besides, the Chinese put is in place, or haven't you been paying attention?

Wed, 05/11/2011 - 18:41 | Link to Comment BlaZingPenguin
BlaZingPenguin's picture

no one is going to care, all they are going to remeber is that "he killed osama"

Wed, 05/11/2011 - 19:04 | Link to Comment clymer
clymer's picture

haha you're too funny, robo. If OIL hits sub-$50, I will reluctantly bow before you. But, (we both know) ..It won't

Wed, 05/11/2011 - 20:47 | Link to Comment Teamtc321
Teamtc321's picture

Then why doesn't washington jump on clean energy, clne? Instead they argue over taxing farting cow's and methan gas issue's. 

 

Wed, 05/11/2011 - 17:11 | Link to Comment SP666_IsComing
SP666_IsComing's picture

Everything is now being done to steal wealth from anyone and anything that breaths.

Comet Elenin is coming Sept 27, 2011.  From mythology, stars are considered angels and comets are considered archangles. Comet Elenin will be the mightiest archangel of them all.  It will try to overpower the sun (god of old) when it crosses directly between the earth and sun and it will literally fall to earth.  This comet is the origin of all the old myths about the mightiest angel who fell from grace, banished by god (the sun), and fell to earth … better known to everyone as Lucifer.

This comet’s vapor trail is saturated with dust (as all comets are) and it will sweep and engulf the earth in October (the fallen angel).  Cosmic dust is the source of our rainclouds today.  The massive vapor and dust tail will engulf the earth and create enormous clouds for days all over the world.  Water levels will rise everywhere.

A massive flood is coming in October!  This is not a joke. This is not a test.

SP-666 will be taken out before October! 

Bankster criminals, murderers and thieves (and all their ilk) have kept this “little” event secret for centuries. For nothing but pure greed and hatred for the rest of humanity, sheeple and markets have been lied to and manipulated for millennium so those greedy little devils … “chosen people” can “inherit the earth” after this event.  They are stealing and raping everyone now to accumulate every last ounce of gold (money) before October.

Wed, 05/11/2011 - 17:19 | Link to Comment jomama
jomama's picture

lolwut?

Half a dozen comets have been the target of spacecraft missions, and all of them (even Comet Halley) are less than 10 km in diameter. There is no reason to think Elenin is any different. This means its mass is less than one billionth the mass of the Earth. Needless to say, we will not be aware of the tiny gravitational pull from Elenin. In spite of these simple facts, some websites (such as godlikeproductions) are making wild claims that Elenin will hit the Earth, or disturb our orbit, or cause tides, or interact with our magnetic field. Such claims are pure fiction.

http://astrobiology.nasa.gov/ask-an-astrobiologist/question/?id=14416

Wed, 05/11/2011 - 17:17 | Link to Comment SP666_IsComing
SP666_IsComing's picture

Everyone in government will be lying there azzes off to hide the truth about this.  In June you will see it and as it moves towards the sun it will get bigger and bigger and bigger.  It's been out in space for 5000+years.  IT WILL BE BIG!

Wed, 05/11/2011 - 17:39 | Link to Comment jomama
jomama's picture

IT WILL BE BIG!

 lol, you obviously haven't studied the mass of comets.  a meteor would be much more devastating.  your posts are marginally entertaining, however.

Let's look at the physics. Comet Elenin is a loose agglomeration of volatile ices and dust a few miles across. It is therefore one hundred billionth the mass of our moon. (The relative difference is roughly the same as the mass of a mosquito vs. the mass of an oil supertanker.)

The comet will pass no closer to us than 84 times the Earth-moon distance.

Applying Isaac Newton’s laws of gravity, this means the comet's tidal pull on Earth -- at closest approach -- will be approximately one-hundred trillionth the force of the moon's tidal pull on Earth. And, we all now know that despite the dreaded Supermoon hype last week, there were no monster storms or earthquakes triggered by our satellite's gravitational tug at closest approach to Earth.

 

 http://news.discovery.com/space/will-earthbound-comet-fulfill-2012-prophecy.html

Wed, 05/11/2011 - 17:45 | Link to Comment SP666_IsComing
SP666_IsComing's picture

Yes actually I have.  Elenin has collected 5000+ years of ice and dust.  It's COMA will be enormous.  It's tail be at least 4 AU.  It will shower the earth and create clouds everywhere.

Wed, 05/11/2011 - 17:59 | Link to Comment jomama
jomama's picture

you mean with water and dust?  well shit, why didn't you say so?! i guess better quit my job and blow all my savings travelling and shagging hot babes all over the world until doomsday arrives!!!

Wed, 05/11/2011 - 18:36 | Link to Comment Moe Howard
Moe Howard's picture

Actually, that isn't a bad plan. I followed it for a few years myself. Good memories.

Wed, 05/11/2011 - 18:21 | Link to Comment viahj
viahj's picture

so, you're saying that the solar system is roughly 5,000 years old? 

Wed, 05/11/2011 - 18:24 | Link to Comment SP666_IsComing
SP666_IsComing's picture

The comet's orbit is longer than 5000 years.  That was my point.  It has had a lot of time to grow big and strong.  It is, after all, the mightiest of them all.

Wed, 05/11/2011 - 18:53 | Link to Comment viahj
viahj's picture

ok, i see your point but i thought that it was generally agreed that the solar system was closer to 5 billion years old.  wouldn't that mean that Elenin has had 5 billions years of growth (which may make it about as big as Jupiter by now...mighty indeed).  i'm starting to understand your alarming concern.

Wed, 05/11/2011 - 20:56 | Link to Comment SP666_IsComing
SP666_IsComing's picture

Comets cycle from big to small as they orbit the sun.  The sun blows away the debry in the tail when the proximity is close.  The comet then rebuilds its nucleus in outter space and the process cycles unless continuously, unless it smacks into a planet and dies.  Like I said, this one has been out there a long time.  It will be huge.

Wed, 05/11/2011 - 21:33 | Link to Comment nufio
nufio's picture

in fact it would have attained as much mass as a blackhole and its only a matter of time before the sun starts revolving around it.

Thu, 05/12/2011 - 01:55 | Link to Comment jomama
jomama's picture

lmao.

Wed, 05/11/2011 - 17:15 | Link to Comment Sophist Economicus
Sophist Economicus's picture

Neato!   I have many unleveraged wheat future contracts.   Sounds like I'm gonna make a killing!

Wed, 05/11/2011 - 17:19 | Link to Comment Firing Pin
Firing Pin's picture

go on...

Wed, 05/11/2011 - 17:26 | Link to Comment SP666_IsComing
SP666_IsComing's picture

This comet will light up the day brighter than the sun when it passes by in late September.  Right after that, pure hell is coming to the earth.

Wed, 05/11/2011 - 18:20 | Link to Comment Sophist Economicus
Sophist Economicus's picture

As long as it kills Math Man...

Wed, 05/11/2011 - 18:31 | Link to Comment viahj
viahj's picture

if the light coming from the comet is actually the reflected light of the sun, how will it be brighter than the sun?

Wed, 05/11/2011 - 18:34 | Link to Comment SP666_IsComing
SP666_IsComing's picture

The COMA will be at a million miles wide and disperse a much greater amount of sunlight than normally hist the earth.  It is like photography or movie sets where white screens are used to amplify light.  This is the origin of the name "Lucifer", the light bearer. 

Wed, 05/11/2011 - 19:23 | Link to Comment Hulk
Hulk's picture

In that case, I'm adding solars to my longs...

Wed, 05/11/2011 - 19:36 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

I'm thinking "Kohoutek" here.

Wed, 05/11/2011 - 20:54 | Link to Comment Teamtc321
Teamtc321's picture

Fuck, I had better hurry up and get my silver fort build and soon. 

Wed, 05/11/2011 - 21:40 | Link to Comment chindit13
chindit13's picture

Right after that, pure hell is coming to the earth.

Well it had damn well better be pure.  I absolutely refuse to take anything less than non-genetically modified, Friends of the Earth certified organic, free range, ethically grown, fair trade Hell.  Like good French cheese I don't demand that it be pasteurized, but I refuse any artifical coloring, no corn fructose syrup, and I'd prefer it be low in triglcerides.  And no MSG!

Oh, and I don't mind paying upmarket prices for purity.  The markets have been good to me, so I'm notching up the lifestyle.  I don't want Walmart quality, I'd prefer Neiman Marcus, no Men's Warehouse, I want Brioni, and no Zales I want Graff or Harry Winston.  I want the kind of pure Hell they enjoy every summer in the Hamptons.

Wed, 05/11/2011 - 22:05 | Link to Comment WmMcK
WmMcK's picture

LOL! I've been skipping the comet threads but glad I got to read your post.

Sumerians and the Anunaki, too, bitchez.

Wed, 05/11/2011 - 17:16 | Link to Comment yakmerchant
yakmerchant's picture

Really?  How many times are you going to post this? Tell your friends over at Media Matters I say Hello.  Also ask your boss Soros to call me I want to talk to him about getting a job in currency manipulation.  Don't forgot to wear your special helmet when riding your bike with the big orange flag.

Wed, 05/11/2011 - 17:24 | Link to Comment SP666_IsComing
SP666_IsComing's picture

Disbelievers will perish.  There are those reading this that are starting to put the pieces of the puzzle together.  They may survie.  There are many other trolls here that will use all the old cliches about "conspiracy" and "tin foil hats" that are losing the battle of hiding truth with absurd lies.  The lies are now melting away quickly ... day by day, hour by hour.

Wed, 05/11/2011 - 17:32 | Link to Comment NidStyles
NidStyles's picture

What you just said mean's everyone will die, not "disbelievers". You aren't even a funny troll.

Wed, 05/11/2011 - 17:38 | Link to Comment SP666_IsComing
SP666_IsComing's picture

If you believe and prepare, you might be able to survive.  Nothing about this is funny.  The old flood myths originate from every culture in the world.  There is a reason for this consistency and the world will re-learn it in October.

Wed, 05/11/2011 - 17:56 | Link to Comment sdmjake
sdmjake's picture

What are you, an acid casualty or Ark salesman?

 

Wed, 05/11/2011 - 18:17 | Link to Comment SP666_IsComing
SP666_IsComing's picture

Neither.  I have decided to spill the beans on those lying little sh!ts.  They have been going too far with this absurd plundering and market manipulation.  If they weren't so damn greedy all the time, they would have kept "the tin foil hats" at bay.  But no, they had to go just too damn far.  Now they are just pissing everyone off, including me. And now it's time to expose their ultimate game ...

Wed, 05/11/2011 - 18:39 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Is that you Texas Gunslinger?

Wed, 05/11/2011 - 18:42 | Link to Comment SP666_IsComing
SP666_IsComing's picture

Nope.  Someone else who has had enough of all this horsesh!t.

Wed, 05/11/2011 - 19:02 | Link to Comment cossack55
cossack55's picture

My reading is the coma is the size of earth with the leading wave about 50k miles across. The question is the mass.  Hard to believe anything coming out of NASA, they need those Fed bucks to survive and will state anything the Feds need stated.

Wed, 05/11/2011 - 19:38 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

SP666_IsComing, I got "two words" for you....

Wed, 05/11/2011 - 19:19 | Link to Comment bothsidesnow
bothsidesnow's picture

Nicer butt :)

Wed, 05/11/2011 - 17:57 | Link to Comment yakmerchant
yakmerchant's picture

Interesting you responded to me Mr. MM.  Disbelievers in what will perish?  I'm going to perish because I don't believe in cosmic fairy dust causing rain?  I proudly wear my tin-foil hat, guess 700 is about right for the S&P valuation, and think something wicked this way cometh, but I doubt it's Elenin and even then I can't figure out how a comet coming has anything to do with stealing wealth?  Wasn't that going on long before Elenin was discovered?  If this comet is going to wipe everyone out why do "they" need to steal the gold now?  Can't they just take it when they are the only ones left?  And how are they going to survive and nobody else?  And how have the "Bankster criminals, murderers and thieves" known about this coming for centuries?   So Criminals, Murderers and Thieves have some special powers?   If not then that is funny, as it was only recently discovered, and hasn't been near earth in atleast 11,700 years (probably more like 100's of thousands of years).  

Or was that whole bit just done so you could throw in the anti-semetic  “chosen people” can “inherit the earth” line?   Tell your Che T-shirt wearing buddies they need to stop playing hacky sack and smoking dope in the break room and get back to spamming message boards.

 

Wed, 05/11/2011 - 18:13 | Link to Comment SP666_IsComing
SP666_IsComing's picture

There is a reason the coming Age of Aquarius, the water bearer, is labelled as such.  The only special power these criminals have is to tell the lies that you believe.  That is the difference between the lions, wolves, and sheep since recorded history.  There is a reason banking elites have certain ethnic qualities.  There is no denying that fact.  What people always try and do by throwing out "he's an antisemite" is to obfuscate the need to ask the question of WHY?  Why are the majority of banking elite familes of a certain ethnic race?  What is that history, where did it come from?  Why are all the media outlets and lying mainstream media all owned and operated by that same ethnic race?  What is the purpose of all that information control?  If you are a true tin-foil hat wearing weeny, then you should know how untrue and incorrect anti-semitism labels are perpetuated and designed to re-enforce the lies. The absolute mind-boggling truth is that Elenin is the ultimate reason behind all of it.

Wed, 05/11/2011 - 18:32 | Link to Comment viahj
viahj's picture

is there an inter-galactic spaceship behind it?

Wed, 05/11/2011 - 18:38 | Link to Comment SP666_IsComing
SP666_IsComing's picture

I'm sure the lying azzes trying to hide the simple science and physics behind it will say so.

Wed, 05/11/2011 - 19:27 | Link to Comment Hulk
Hulk's picture

Its going to pick up those who missed Hale-Bopp...

Thu, 05/12/2011 - 00:49 | Link to Comment StychoKiller
StychoKiller's picture

Oooh!  A do-over for the Heaven's-Gate® crowd!

Thu, 05/12/2011 - 09:43 | Link to Comment sdmjake
sdmjake's picture

Yeah ~ I wish I had a nickel for every time the End of the World was at hand...

Wed, 05/11/2011 - 18:42 | Link to Comment I Told YOU So
I Told YOU So's picture

all true (about the isra-hellites that is)

Wed, 05/11/2011 - 21:46 | Link to Comment chindit13
chindit13's picture

You are an embarrassment to rabid anti-semites everywhere.

Thu, 05/12/2011 - 02:22 | Link to Comment FlyPaper
FlyPaper's picture

Well - YUCK.  

Wed, 05/11/2011 - 17:40 | Link to Comment jomama
jomama's picture

i hope he doesn't forget his cape too!

Wed, 05/11/2011 - 18:26 | Link to Comment gordengeko
gordengeko's picture

wow, you make me sound sane. ty lol

Wed, 05/11/2011 - 18:41 | Link to Comment SP666_IsComing
SP666_IsComing's picture

We are in a world where truth is lie and lie is truth. It is clear you have not discovered them all yet.

Wed, 05/11/2011 - 18:58 | Link to Comment gordengeko
gordengeko's picture

Right. I'll stick with ripping on the vampire scum and inbred royal lizards, you can do the intergalactic alien lucifer water devastation stuff.

Wed, 05/11/2011 - 19:07 | Link to Comment bothsidesnow
bothsidesnow's picture

Comet Elenin is a false flag created by NASA to divert attention away form what is written in every book most noteworthy the Hopi Indians. 

Within days the Red Kuchina (Planet X, Nibiru, Tyche, etc) or purifier will be visible in the Southern Hemisphere and will be one step closer to our solar system.

None of this physical or paper drivel will matter. The Hopi believe you need to vibrate in resonance with the Earth once it begins to wobble and pole shift.

So forget about all this other nonsense and get tuned into the universal vibration.

Sure is fun playing around with all the let's get physical folks, they are so serious.

Wed, 05/11/2011 - 17:10 | Link to Comment IdioTsincracY
IdioTsincracY's picture

Isn't this just the market's version of 'put up or shut up'?

 

Wed, 05/11/2011 - 17:45 | Link to Comment thedrickster
thedrickster's picture

Isn't this just the "markets" response to a pol yelling, stomping their feet and shouting "because I say so"?

State worship in any form is a type of self immolation. Enjoy the gas lines.

 

Wed, 05/11/2011 - 17:14 | Link to Comment Sudden Debt
Sudden Debt's picture

2011: YOU CAN AS MUCH MONEY AS YOU WANT!!

1 PRESS ON THE BUTTON AND PRICES DROP!!!

what?

WHO SAID STATE PRICE CONTROL?

THIS IS THE UNITED STATES OF VENEZUELA!!

 

Wed, 05/11/2011 - 17:13 | Link to Comment oogs66
oogs66's picture

Does this also help kill dodd/frank?  wasn't it margins that corporations were already complaining about?  and now with margins that much higher their lobbyists will push even further to 'save' corporates for the evil of 'dodd/frank'?

Wed, 05/11/2011 - 17:16 | Link to Comment johngaltfla
johngaltfla's picture

Here comes the dollar rally.

Equity crash.

Bond implosion.

Double dip recession.

And of course blaming everyone but the idiots responsible for the mess.

Wash, rinse, repeat.

Wed, 05/11/2011 - 17:28 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Methinks any dollar rally will be brief and the ensuing drop spectacular 

Wed, 05/11/2011 - 17:57 | Link to Comment MachoMan
MachoMan's picture

Long enough to scare a few legislators and the herd...  then game on.  The only question is how much...  I used to think there would be many QE/austerity cycles on the way to dollar destruction in unison with other major currencies, but I just don't think there is the appetite for that anymore...  just doesn't seem palatable...  and that presupposes control...  I think people are starting to call bullshit and this debt ceiling raise will be the last before all credibility is objectively gone... 

Wed, 05/11/2011 - 17:14 | Link to Comment PaperBear
PaperBear's picture

So this is one form of price control.

When COMEX goes to ZERO oz of silver then the holders of silver will dictate it's fiat currency price.

And all of the COMEX board members should go to jail but won't.

Wed, 05/11/2011 - 19:06 | Link to Comment cossack55
cossack55's picture

I would prefer they go straight to the noose. Take the CFTC with them including Wendy and her lying assed husband.

Wed, 05/11/2011 - 17:14 | Link to Comment InconvenientCou...
InconvenientCounterParty's picture

methinks this is act 3 of a 6'er.

Wed, 05/11/2011 - 17:17 | Link to Comment AldoHux_IV
AldoHux_IV's picture

All in the unholy name and vain of the presidential cycle-- to bamboozle the peasants into thinking the system is good, don't question the system.

Wed, 05/11/2011 - 17:18 | Link to Comment Rhone_Ranger
Rhone_Ranger's picture

If I weren't rational, I'd think there was some serious manipulation going on here?

Wed, 05/11/2011 - 17:16 | Link to Comment PaperBear
PaperBear's picture

And backwardation on silver to the moon.

Wed, 05/11/2011 - 17:21 | Link to Comment NoLongerABagHolder
NoLongerABagHolder's picture

If soaring commodity prices were truly based on fundamentals, which include "money printing" (more dollars chasing less godds), then you really wouldn't have to worry about margin hikes.

 

The margin hikes are showing that these commodity price lifts have more to do with speculators who don't realize they are in a bubble, than they do money printing or fundies.

Be careful out there doom and gloomers!

Wed, 05/11/2011 - 17:23 | Link to Comment thedrickster
thedrickster's picture

Moral hazard ain't a means to be justified.

 

Wed, 05/11/2011 - 17:25 | Link to Comment IdioTsincracY
IdioTsincracY's picture

+1000

"The margin hikes are showing that these commodity price lifts have more to do with speculators who don't realize they are in a bubble, than they do money printing or fundies."

Wed, 05/11/2011 - 17:42 | Link to Comment thedrickster
thedrickster's picture

The sycophancy of a response like "+1000" is surpassed only by your ignorance.

I hope the "ends justify the means for the greater good" type central planners and their sycophants starve first.

Wed, 05/11/2011 - 17:45 | Link to Comment IdioTsincracY
IdioTsincracY's picture

Yo .. Dickster ... did you take you meds today?

Wed, 05/11/2011 - 17:23 | Link to Comment thedrickster
thedrickster's picture

So when a directional move runs counter to the wishes of politicans, the rules of the game will be simply be changed in an attempt to kill it?

Is this day really here? Well super, I can't wait for it to blow up in their faces. Price discovery will die, Cushing inventories will crash and when the Brent-WTI spread heads toward JPM stock price, I am sure the sheeple will correctly identify the culprit responsible for the 2 block long gas line, putting a crimp in their commute.

.

 

Wed, 05/11/2011 - 17:44 | Link to Comment IdioTsincracY
IdioTsincracY's picture

Dickyster, what is the problem? not enough money to put up the collateral?

Wed, 05/11/2011 - 17:53 | Link to Comment thedrickster
thedrickster's picture

.

Wed, 05/11/2011 - 17:54 | Link to Comment thedrickster
thedrickster's picture

Perfectly predictable reply from a sniveling little sycophant. No don't dare address the substance of my post, that the law of unintended consequences is immutable. Merely acknowledging this fact is often fatal to a central planner. Now run along and fuck-off.

It's clear that absolutely NOTHING has been learned of moral hazard post 2008.

Wed, 05/11/2011 - 18:02 | Link to Comment IdioTsincracY
IdioTsincracY's picture

Dinyster, not being a sycophant, I would gladly oblige, but ... WTF is the 'substace' of you posts?

Moral hazard? Gas lines? Central planner?

As for the fuck part ... introduce me to your sister and we'll talk.

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