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The Bears Are Back - Presenting Part 5 Of The Silver "Thesis"
The bears are back, discussing the usual topics du jour, which in this case is a rather humorous listing of the most recent 99 black swans year to date in 2011, and their impact on silver. Funny stuff.
Previous parts in the series can be seen here: Part 1, Part 2, Part 3 and Part 4
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Can't we all just get along?? : )
NO!
http://3.bp.blogspot.com/_rS8RNH9UzDc/SrMGA8Qam6I/AAAAAAAACnM/lo-4kbvEG9...
;)
sometimes...er, uh....well, not likely...or "it depends"
Dude! I don't know if it's different or not, but your responses are sure as hell repetitive. Give me a call when your response is different.
And the fact that at least a dozen states are contemplating PM's for new currency means nothing?
You metal-heads KNOW you're on the right track - don't argue w/the troll.
I'm guessing mid to high 40s on silver by Sept.
The mess in Japan only increases silver.
If it goes to twenty - Hooray, we have a functioning economy - Fat chance!
JPMORGUE built a new vault for $5.00 - $10.00 silver?????????????
And the fact that at least a dozen states are contemplating PM's for new currency means nothing?
You metal-heads KNOW you're on the right track - don't argue w/the troll.
I'm guessing mid to high 40s on silver by Sept.
The mess in Japan only increases silver.
If it goes to twenty - Hooray, we have a functioning economy - Fat chance!
JPMORGUE built a new vault for $5.00 - $10.00 silver?????????????
And the fact that at least a dozen states are contemplating PM's for new currency means nothing?
You metal-heads KNOW you're on the right track - don't argue w/the troll.
I'm guessing mid to high 40s on silver by Sept.
The mess in Japan only increases silver.
If it goes to twenty - Hooray, we have a functioning economy - Fat chance!
JPMORGUE built a new vault for $5.00 - $10.00 silver?????????????
BTW, LEAVE MY BELOVED BEARS ALONE!
I'm guessing mid to high 40s on silver by Sept...
Pegging Ag, Au, Cu or any metal to a cellulose based material is equivalent to placing a big "X" on the side of my bass boat before launching it in next month's tournament and "knowing" that's where the winning fish will be landed.
"Buying" and hoarding PM is as ridiculous as believing fiat (foreign) currencies should and will not inflate.
PMs are by design to be used as currency, i.e. legal tender, instead of and in preference to, sovereignly issued cellulose "face valued" promises to redeem for same. Only on the "good faith and credit" of a particular sovereign gov't should, will or are they to be considered equivalent.
Foundations are not designed to be disregarded, they are meant to be built upon. If the structure built on a firm foundation is faulty, then remove the faulty construction and rebuild with sound materials and skill. imho.
You will lose since you fail to understand the great inflationary forces at work and their impact throughout the next few years. It's not about increasing your net worth with PM, it's about preserving buying power. Your portfolio in dollars needs to make great gains just to stay even.
>> The 100% run in six months is just the beginning!
You finally get something correct.
I see your point , but if silver should be at (6000 year average ) $1000.00 dollars then would you not say that it is still a bargain at $40.00 , and could this not be a great investment especially when the industrial uses are growing exponentially, hell you can even freshen your armpits with it now . When the price gets above $1000.00 i will lean towards your idea until then i will keep my barbaric relic .
Shame on you for pointing out the obvious. I suspect silver will continue to run until we hit the Hunt Brother ceiling, push beyond it a couple bucks, then the feeling of being naked will set in. So I'll play it a little longer. I suspect much of what we see is things going wrong for a couple major shorts such as JP but the lack of confirmation from gold is a little disconcerting once the shorts are covered. The mania 30 years ago brought every housewife into the silver market but I don't see that this time around.
And the reason why it is much safer to play the commodity and not the miners is due to this:
http://www.canadianzinc.com/
The Hunt Brothers built this mine when they were drinking their own koolaide and the asset value has been essentially zero since.
Some history on what bubbles lead to
http://www.canadianzinc.com/content/mine/history.php
Canadianzinc
We will demonstrate leadership worldwide by:
Evidently none of the Ag supplied by this company is used in the ballistic ordinances being deployed by forces in MENA.
Whew!
This is my favorite article on why PM's are NOT in a bubble
http://fofoa.blogspot.com/2010/09/shoeshine-boy.html
Hi Math Man,
I can see where you are coming from with the bubble angle, but:
1. Do you think the Fed can control inflation?
2. What would you invest in if you thought they couldn't?
Any price above 0 for a failed idea is still too high. Buying early or waiting to buy and paying less later for a tech bubble stock that is worth 0 is not helpful.
...because...demand for precious metals is just going to vanish, poof. Or, wait, no I got it - speculators are going to double the supply of physical metals overnight, to cash in on the mania. No, hang on, I know - the economy is going to magically recover and the growth rate is going to surge, fundamentals will be as solid as gold, fiat notes will be money in the bank...
What's going to 'deflate' a so-called 'bubble' is if more people come to believe that their Fanatical Reserve Notes are better spent elsewhere. Given the direction of the Federal Reserve's public image lately, I think that time is a good ways off. Assuming all your basics were covered, what would you rather have in a declining or collapsing economy - a pile of paper that may or may not have meaning tomorrow, or a pile of material that will always be tradable for something of value?
The ramp up in PM prices, I think, is due to more and more people getting on board realizing what risks the Fed and the government are taking with the economy's future. The price movement is therefore not in direct response to the inflation of the dollar supply. Once the inflation effect really kicks in, we can expect to see even higher PM prices. But the market is changing because growing numbers of people are losing faith in the government and the Fed. That's not mania; that's called waking up.
'Victims of a mania'...I would say that describes very well the hundreds of millions who have suffered the consequences of central planning.
There should always be a counter argument about any discussion or else facts will never come out from dogma. Hate to see so many junking Math Man.
Everything he writes is garbage. He's trying to tell us that silver should be priced according to the labor theory of value (it "only costs $5 to pull out of the ground"). The funny part is there were maybe two or three mines in the world where this was the case, and with higher fuel prices, you can bet that ain't the cost any more.
His primary argument is that it has gone up a lot, therefore it is a bubble. He has missed EVERY SINGLE OTHER characteristic of a bubble, and has watched nothing but the price. He totally ignores the legion of reasons to own silver, and equates owning silver with "burying canned ham in the back yard", which is not an argument, but an ad hominem attack.
Fuck this guy.
fda
Friday Lunch Dip is selling big time. Get it while it down!
My only question is whether silver will follow yesterday's chart for the rest of the day as it has for the first half. Same exact drop times?? Curious isn't it?
I should have dumped my miserable PM stocks that absolutely refuse to move despite rising silver prices.
And should have invested in TZOO instead.....
You never see PCLN and TZOO get crushed on a daily basis like TRE, AEM, NEM, KGC, etc.
These travel and leisure stocks must be getting mainline cash injections directly from the POMO needle.
LOL.....
Image #1:
Image #2:
Sack up and buy AGQ then
RT doesn't get 'man up', he (that's questionable) gets 'sack up'. LMAO!
That is because he is a pre op tranny.
Post
Fuckin Aye! We had a gigE network all to ourselves for our Unreal Tourney matches. No idea about customers and revenue, but damn could I wield the pussy stick with god-like accuracy.
Looks like those photos of dot.com offices you see in the history books... where they all played networked DOOM all day and were paid in share options.
Cocktail napkin business planning was all the rage. Inside sources of solar companies have been directly showing me the same mentality of cocktail napkin business plans for solars have been receiving mad money from VCs. Not sure what these solar companies are doing while their thumbs are a twiddling.
That's an unfair chacterization. We played ALOT more Unreal Tournament than DOOM.
Just saying....
POD baby!!!
Get your gaming chronology in order. DOOM is early 90's.
UT is more like it.
HEADSHOT!
I'm talking DOOM for Windows, not the original DOS version... but, unreal tournament was a good play too.
Hey Robo...
Is that "you" in the red Chuck Taylors in that foto???
robottrader: the world's worst investor.
loses money even as silver doubles in one year.
+1000
robottrader makes both jerome kerviel and nick leeson look like jesse livermore in his prime.
Yeah, and he never talks about silver stocks up 4-5 times since August like Great Panther. He's a big clown with floppy shoes.
He's got more guts than Williamthe BAstard and Methman. Oh I know they're all the same person but it's fun to pretend they're all actually different people
About time you showed up JonNadler. Blythe has been bugging me all the way down here in Peru (on visit) where the hell you and Math and willietheb have been.
Completely agree that Robot is completely outclasses the riff-raff you have had to employ lately, like I mentioned once before good help is hard to find.
Way things are going up there you and your lackies are going to get spanked, or much worse (perhaps this weekend?) by Ms. Masters.
Better bash down those PMs right away or not only will your bonuses be taken away, but your reaming will REALLY HURT! Do let us know how that turns out...
Maybe I can help you get things started:
Au to $0.02
Ag to $0.01
There, bitchez!
"loses money even as silver doubles in one year."
Dangerous fallacy.
Your possession of ounces of silver did not double, only the unrealised "profit" in fiat debt paper.
If you cashed out and bought something else and then retraded after market moves into silver and had accumulated more ounces, then I would say you had a profit in silver.
But profit in dollars depends on what you can buy with them.
Robo, is that you wearing the red high top shoes?
/s/ Just kidding.
Yeah, no love for the gold stocks.......
The bright side is the uranium stock sale going on with the overblown Japan Nuke problems.....
URG is nice and when this overblown panic goes away it should recover nicely.
and PCLN is almost $500! holy fuck...
There is a small company referred to as Silver Wheaton,maybe you have heard of it?
Robo. I must ask, how's that BBY that was showing strength working out? Wasn't it on the 52 week low list?
"... blame the weather" - GREAT
"The weather is the last resort for despot nattions"
-Nourel Roubini
ps just touched down in London town...
Love those bears! Smoking light is on, roll another one.
lol. Silver down to 20 dollars. I can only hope :)
That train left the station long ago.....
hey Tyler......did u miss this one.....George SOROS wants to re-arrange the entire global financial order......starting in 2 weeks....!!!!
http://www.mrc.org/bmi/commentary/2011/Unreported_Soros_Event_Aims_to_Remake_Entire_Global_Economy.html
I want to re-arrange George Soros' face.
There's a long line for that, please take a number.
Number 125,965,223?!?!?! 125,965,223????
have looked at his face recently, he has taken a sudden turn for the shitty.
He is turning invisible. Shitty is the byproduct..
THere's not much to work with....It'll turn out ugly no matter what you do to it
I thought somebody already did.
that witch doctor jp morgue
too funny
Damn! The old voices were much better. WTF happened???
it's all or nothing on the expletitive deleted.
Anyone want to comment on the "epic" March 28th 2011 event announced in the video?
edit: For us poor dumb sheep.
Is it this?
"CFTC and State of California charge The Trade Tech Institute over CTA fraud"
Ahh, nevermind I see below.
No, sheep. It's not. March 29th the COMEX silver contracts expire and there's MILLIONS of ounces that will be called on for delivery.
That means instead of paying an 80% cash premium to settle options contracts (what JPM's been doing for... years now) they'll have to deliver the physical which they don't have which means they'll have to buy it at market price... and they'll have to buy a fuck ton. Considering how long it took PSLV to get theirs delivered, this could be the day the SHTF. When that happens, good luck buying physical silver, bitches.
www.standfordelivery.com
Thanks guru.. I just found an article, but your explanation fills in the most important gaps.
http://preciousmetalsnews.blogspot.com/2011/03/gold-and-silver-options-e...
I'm a silverbug. But is there any proof/documentation of JPM paying premiums to settle?
The reason why we don't see "proof" of the cash settlements, is that each recipient settling for cash is required to sign an non-disclosure agreement that strictly prohibits any discussion about the premiums paid to said party. That way, the argument goes, discussion and possible collusion for better premiums on the settlement by those standing for delivery won't occur.
Some irony there, anyway.
A certain amount of faith goes into believing that there are huge premiums occurring, because no one will openly talk about it as long as the cow is producing milk.
nope, not necessarily!
Secrets that big that more than a handful of people know inevitably get out pretty quick. Non-disclosure agreements, hahaha!
If that were so, those standing for delivery could have gotten their 20%, 50%, or 80% each month... Too many people would be all over that bandwagon so fast an axle would break.
Not EACH month, only on delivery months. March is only the second time this has happened, and much like you would predict, it is happening to a much greater degree than in December. So much so that we still have millions of oz standing for delivery with only 5 trading days left--never happened before in the history of the exchange.
And I HAVE heard anecdotal stories from people claiming to be traders online of this--the numbers I have been hearing are 80% (NOT talking about WB here). I have no idea how credible they are, I might just be getting trolled. I'm certainly not letting go of my silver for ANY reason the end of April (I give some extra time due to the possible buffer effect of JPMs new superfast delivery vaults--I have no idea how long they could delay the actual delivery once they get the silver in there).
Wow. You guys are really, really stupid.
Or you are.
Either way, we will know very, very soon.
This "stupid" has made more money than you ever will by being "stupid".
So fuck off, loser. You lost, go register a new user name, and get a new spiel.
And you are sounding really, really desperate. Did Blythe break out the whip this time, sugarbuns?
That was a short drive.
+37.. Oh.. and shop around for a nice used Acoustic.. Something where the wood is all nice and cured.. Vegas is a great place to shop for em..
Is Math Man really Denninger?
I stand corrected, tmosley.
Hey, Math Man and others in JonNadler´s stable! Best be careful w/ tmosley, he is GOOD with facts. Even corrects guys like me who are on his side!
I have read, but can offer no proof, that COMEX in the end can pay in cash, that it is supposedly in the fine print. I do NOT see how they would have to pay such enormous premiums, geez, I would take the premium of 80% and go straight to Tulving...
Or never mind the fact that you can redeem a 50k basket of SLV shares for physical for NO premium.... or buy Sprott PSLV for a 20% premium and exchange.
Why on earth would anyone pay 80%? Or even any premium... all the silver you want is available at SLV for no premium. All you need to do is buy 50k shares and have an Authorized Participant do the exchange on your behalf.
Uh-huh, and you could trade dollars for gold out of the US treasury too. Except there wasn't any. Then we defaulted. Same thing here, only slightly different circumstances. It's not the government defaulting this time.
What on Earth makes you think GLD and SLV are more reliable than the "full faith and credit of the United States"?
How do I know that you're talking through your hat? Simple -- the existence of Cash4Gold, etc., proves there is no bubble (yet!)
Such things are covered by confidentiality agreements.
But people who stood for delivery are settling without delivery. This can be seen in the daily numbers from the COMEX. How else could they settle without delivering silver? Are they kidnapping contract holder's children? Sending in brigades of prostitutes? Distributing secret cures to deadly diseases?
Probably as well.
To: tekhneek
I wish this were the case but its probably just another chicken little story.
Similar themes of "this will be the day" the SHTF have been repeated to ad nauseam.
But either way, keep buying PM's.
makes asking questions easier though, doesn't it? "Is today the day?" No. "How about today?" No. "Today?" No. Now let us proceed to do the only thing that matters anyways which is hit the watering hole and chase girls.
and if it isn't?
we have fun!
+5
Tyler can you ban this fool by ip please. We dont need some guy getting canned trying to read about markets.
Tyler can you ban this fool by ip please. We dont need some guy getting canned trying to read about markets.
so if i go to that website and type my email addy in, then type 50 million in the next box.How do they know i m not full of shit???
or am i missing something?
regards
ozzy
Yes Mr. Pinnion. 'cause yo' 'Pinnion so 'mpaht-ehnt eh? If you're relying on what I wrote to determine settlements on the COMEX, stop.
I'm merely posting what I've observed/heard/read. Shit, I might be wrong! OMFG! Shit happens. However, watching the COMEX and trading silver daily (and reading Zero Hedge) help in determining a more relevant, researched 'Pinnion on the matter.
<3
What's the 28th of April? Operation Empire State Rebellion? I couldn't catch the CFTC piece the Bear was referring to on that date.
28th March 2011 (Monday):
http://comments.cftc.gov/PublicComments/CommentList.aspx?id=965&ctl00_ct...
doc:
http://www.cftc.gov/ucm/groups/public/@lrfederalregister/documents/file/...
Ohhhhhhhh....a dog and pony show. I don't like ponies.
Seriously though, true offenders of position limits as they relate to derivatives will be grandfathered out of any need to comply with any stinking rules, no?
Probably.
"What? You don't like grandfathers?!?!" - CTFC
It will take another few months until they have read all comments...
thanks for the link, tense INDIAN, you just spoiled my year.
invited by soros, one, gordon brown ex prime minister uk and a walking disaster.
history will record the very worst kind of tax and spend (after borrowing a shitload) also financially illiterate numpty ever.
Though billionaire George Soros, like all liberals, is economically-ignorant, the Nazi collaborator is not ignorant about which side his matzoh is buttered on. He wrote an op-ed piece for The Japan Times back in 2009 called, “No alternative to a new world architecture.” The title alone should be a “clue” as to where his op-ed piece is going.
“…the world faces another stark choice between two fundamentally different forms of organization: international capitalism and state capitalism. The former, represented by the United States, has broken down, and the latter, represented by China, is on the rise.” [“International” capitalism and “state” capitalism? What the heck is this economically-ignorant billionaire talking about? Oy!]
“While international cooperation on regulatory reform is difficult to achieve on a piecemeal basis, it may be attainable in a grand bargain that rearranges the entire financial order.” [In other words, rearranges the entire financial order in order to finally bring about the Banksters’ One World Government fiat currency.]
“In addition, a new Bretton Woods would have to reform the currency system.” [I’m sure, George, that it will be as successful as the old Bretton Woods—at least as far as making you and your Bankster puppet-masters even richer are concerned.]
“Reorganizing the world order will need to extend beyond the financial system and involve the United Nations, especially Security Council membership.” [“..the world order will need to...involve the United Nations.” I thought the world order already did involve the United Nations—like...uh...since its creation?]
“President Barack Obama has deployed the “confidence multiplier” and claims to have contained the recession. But if there is a “double dip” recession, Americans will become susceptible to all kinds of fear-mongering and populist demagogy.” [Sort of like Soros’s fear-mongering and populist demagogy in this op-ed piece.]
“The financial system did not collapse altogether. The Obama administration made a conscious decision to revive banks with hidden subsidies rather than to recapitalize them on a compulsory basis.” [So which form of “capitalism” was that, George? The “international” one or the “state” one?]
As I’ve written a number of times before, the New World Order/One World Government folks don’t even try to hide their agenda anymore. They just couch it in pseudo-economic, fear-mongering rhetoric that they know the vast majority of economically-ignorant sheeple on the planet will be attracted to like flies are to honey.
This was a great thread with many great comments. But what sits above is the best comment of them all.
I would only suggest amending the last paragraph to:
The New World Order/One World Government folks don't even try to hide their agenda anymore because they know they will get away with it. The majority of the public isn't paying attention anyway. In terms of communicating with the sheeple who think they are making it in this system, they just couch it in pseudo-economic, fear-mongering rhetoric.
**
QE3 and beyond, until the next stage of the game happens. Everything else is just noise.
Just check out the "Boards" of ICG, CFR, Brookings Institute. Draw your own conclusions.
The U.S. has fired 161 Tomahawk cruise missiles into Libyan territory, with 24 missiles being fired overnight Monday into Tuesday. Each missile is priced at $1 million to $1.5 million apiece.
So in one night $36 million very expensive flying dldo’s have been waisted LOLz No to mention the total of $241.5 million for 161 fired Tomahawk Cruise Missiles LOLZ
http://www.foxnews.com/politics/2011/03/23/role-libya-costs-hundreds-millions/
Gold: Sell first — and then ask questions – No apparent fundamental reason for gold’s drop, 16 March 2011, by Mark Hulbert (MarketWatch) http://www.marketwatch.com/story/golds-inscrutable-response-to-japan-2011-03-16
Buy into gold after recent drop, Goldman says http://www.marketwatch.com/story/buy-into-gold-after-recent-drop-goldman-says-2011-03-18
I love Blythe, she make me buy physical Silver long-time! When Silver hit's 1000/Oz, Blythe can fetch me my slippers every morning.
Don't worry - fed boys got our backs:
"U.S. inflation spike won't last, Lockhart says 1:32 pm ET 03/25/2011 - MarketWatch Databased NewsWASHINGTON (MarketWatch) -- The recent spike in inflation won't last, said Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, on Friday.
"While short-term measures of inflation have moved up rather strongly in the last few months, I hold to the view that this trajectory will not persist," Lockhart said in a speech to a business group in Ft. Myers, Fla.
Lockhart, who isn't a voting member this year of the Federal Open Market Committee responsible for setting interest rates, also defended the U.S. central bank from criticism that it's too focused on so-called "core" inflation, which strips out food and energy prices.
"Contrary to popular opinion, Federal Reserve officials do actually eat and fill up their gas tanks," he said. Read Lockhart's entire speech.
Lockhart said he thinks Fed policy makers should focus on headline inflation that includes all prices.
In his speech, Lockhart said that the pain of having to allocate a larger share of income to driving a car or preparing dinner may persist, but the rate of growth in these prices may slow.
Consumer prices have been growing at a rate "that would not be acceptable if sustained for very long," he conceded.
Even core measures of inflation rose at a"higher-than-desirable pace" in February, Lockhart said.
A new survey of consumer sentiment released Friday by Thomson Reuters/University of Michigan found that Americans expect an inflation rate of 3.2% over the next five years -- a pace that would be the highest level in over two and a half years.
Swiss Re chief U.S. economist Kurt Karl essentially agreed with Lockhart.
In an interview, Karl said the impact of higher oil prices on inflation "may fade" unless there is another big shock.
Karl said that oil prices should remain in a range of $100 to $110 a barrel for the next several months and that, as a result, this "will not be creating more inflation," he said.
Karl also said he didn't think the Fed would raise interest rates until the first quarter of 2012. The nation's persistently high unemployment rate remains the biggest factor in the outlook for monetary policy, he said.
In other remarks, Lockhart was optimistic about the outlook for economic growth.
"Notwithstanding headwinds and risks, a self-reinforcing virtuous circle of final demand is increasingly becoming established," he said.
Aggressive exit
In a separate speech on Friday, Charles Plosser, president of the Philadelphia Federal Reserve, said he prefers an aggressive exit strategy once the Fed reverses course. Read Plosser's remarks.
Under his proposal, the Fed should hike to 2.5% interest rates from the current range near zero within a year and should sell $125 billion of assets for each increase of 25 basis points in the federal funds rate.
When combined with the natural run-off from maturing or prepaid assets, this approach would shrink the Fed's balance sheet by $1.45 trillion in a year, Plosser said.
A slower approach could last 18 months rather than a year, he said. This would require only $67 billion of conditional sales between policy meetings but the funds rate would rise to 3.5%.
Plosser, a voting FOMC member this year, said he did not think this strategy would disrupt markets.
Treasury prices fell and yields increased after Plosser spoke. Yields on 10-year notes lately rose 4 basis points to stand at 3.44%.
He didn't give a specific time for when this exit strategy should begin but said it would have to start in the "not-too-distant future" since evidence is mounting that the economy is on a "much firmer foundation."
Plosser said the risks from the tragic events in Japan and the turmoil in the Middle East were small and would be short-term in nature, assuming that Japan is able to stabilize its nuclear reactors and that political unrest does not disrupt Saudi Arabia.
There were also a few other Fed officials speaking on Friday, but their remarks gave the bond market little direction.
In an earlier speech from Marseilles, France, Minneapolis Fed President Narayana Kocherlakota also said he also expects the changes in energy prices to have only "transitory" effects on inflation.
In order for higher oil prices to have a permanent impact on inflation, "they would need to keep going up," he said, according to Dow Jones Newswires.
And Dallas Fed President Richard Fisher, in Brussels, focused his remarks on the need for the U.S. to get its fiscal house in order.
Both Fisher and Kocherlakota have votes on the FOMC this year."
well they have been spot on so far...HAHAHAHAHA
"Contrary to popular opinion, Federal Reserve officials do actually eat and fill up their gas tanks," he said...
What do you want to bet he writes these costs off on his income taxes as business expenses?
Until the US citizens realize the fed and irs share the same birth date and purpose, neither will ever be brought to nought. Both these scourges need to be relieved of life, laid on the alter and sacrificed for the benefit of all free citizens of the US. imho.
Silver talked to Gold in hushed whispers her words falling like petals on Gold's incandescent ears, alike on Akhenaton's small, proportioned head. "Where ever you go I'll follow you"... she promised like a faithful wife..."I'm heading to the vaults"...said Gold his voice cavernous... "I'm being so solicited ever since General Greenback started losing every battle, that there are those who council me to replace him on the front...and those who council me to dive into the family vault until the troubles subside. I don't know what to do but time presses as the natives in the villages get restless. I'm being blamed by my people for the inflationary spiral unfurling on food prices by all"... "It's not you my precious, its that printing press that this rotten two faced Shaman, Benbukkoffy, has started to make function overtime; to finance General Greenback's sterile wars. My sweet husband, please listen to me. Let me ride out with you by your side. Let us show your people we are the precious Nobles of this realm. The true sons of Amon Ra". "Aaah! Amon Ra, where are you now, when I must this monumental choice...". Gold dithered his beautiful head swaying from side to side while his shimmering wife turned grey from fright at the idea of spending the rest of her beautiful youth in that grey vault, the family dungeon. Suddenly Gold's gaze glazed into vitrified certitude as he looked far into the future seeking the very source of Amon Ra high up in the heavens, his body taught from straining so far deep into the firmament like a shooting star speeding on its elongated trajectory. "Now I know what to do" Gold interjected coming out off his trance, leaving his sweet wife askance by this sudden transformation. "I will go to the Temple of Amon at Siwa and ask the high priest to purify me. Then I will pray to Amon and he will hear me. He will enlighten me". "Take me with you" pleaded Silver. They set off next day on camel and horse back with their regal train. On arriving at the great Oasis of Siwa where lay the black stone of Baba, they faced in the still of the night the rising sun. When it rose on the horizon like a golden disc they bowed to it humbly prostrated. Then they went inside the Temple of Baba and cooled off while they were purified with Fufushima well water sparkling and pure. "Now I am ready to hear what Amon has decided" said Gold with solemn fatality. He walked out to the stone pillars of the Temple and looked at the setting sun, now at the other end of the blue, spotless sky. It was then that the shadow approached from behind one of those pillars as the redoubtable Shaman Benbukkoffy raised his sword. In one fell swoop he cut off Gold's beautiful head. As it fell to the floor inanimate, the body of golden king fell like dust onto the floor. "It is done" said Benbukkoffy to the Queen Silver. "Now you can be queen alone, Silver triumphs unhampered by Gold's invasive shadow". "Well done my Shaman, I will repay you well. We will now rule side by side. I as the reference for our nobles, you as the people's friend printing their daily needs as for that stupid General". "King Gold, now demised can sleep in peace in his vault for eternity" said Benbukkoffy. "And I can go back to doing what I do best". "Yes my secret lover, whom I like best" smiled Silver. "Go back to doing what your destiny is : Print baby print. Make my day as you do so well my nights!"
long martyrdom
Nice piece BTW. I may not agree with everything you write but this was entertaining!
How dare you not agree with me! I like popcorn.
Indeed, you do like popcorn. I have noticed at least two of your remarks today containing references to popcorn. I do too. Another point we both can agree on!
what do you disagree with? I'd like to know, to bell the cat that you be!
I do not disagree with your writing here at all!?! I was not very clear. In fact it reminded me of a book I just finished by the late Fred Saberhagen. To be honest, I have no particular example in mind. It my very well be some comments made generalizing Americans in another thread. However, I have to convey my oldest child to archery practice. I will catch up with our conversation later, if you reply.
Not americans...american imperial politics ...as panned out since 1949...when Eleanor Roosevelt...the America she represented, died...as did it's spiritual son in 1963...but then Rome is a place we love once Caesar is no more...C'est la vie...if you are not part of the roman elitist horde. If you revere Spartacus!
Archery is a great sport...one good eye and steady hands...and a spirit which is Zen!
To be honest my reverence of others, does not extend further than my family tree. I am a simple person by nature, with basic ideals, ethics, and passions. I am no more, or no less complicated then my very own vegetable garden. I am new at disliking what America has become, because my eyes have only recently opened. It calls into question my loyalties, my past decisions and actions. You might say, I still have a sensitive nature, and an air of confusion about me, because I wish, sometime, if not for me but for my children, I could somehow get back to the dream.
I am not a student of history, but one of nature. It seems to me humans are doomed to repeat all their mistakes ad infinitum, so I have not taken the time to read about the past on any great scale. Society lacks wisdom, and in my humble opinion, book learning is only part of the process. The other part is good, honest toil.
Peace to you and yours! I hope our paths cross again!
yes flame and the arrow mix well.
yes that was fun fiction, phallic† but what kind of story could you write if you made the queen gold and the king silver?
Clitoral??
Wow! Would that require a cliterature review?? Do you mean that figuratively or clitorally? Do you think you are cliterate enough on the topic to write it?
A man once wrote about playing Mozart's symphonies on a woman's delicate tinsel fleshed flag..like writing poems on a grain of rice. An impossible dream of woman lover..it drove him mad to try achieve his goal...not knowing if he could stir her fires with words that a simple 'beau geste' could achieve so more expressively. He felt impotent for once...as a lover of words...who suddenly realizes that a picture is more eloquent than a thousand words...the beau geste truer to the heart of things than his sophist quest of Don of the eloquent word..vain quixotism..like mirage of oasis in scorching desert. Visions of paradise lost and found...his breath of male desire...arousing a field of thousand feminine flowers...vanquished, extenuated...he lay as his mind denied what clitoris desired...a touch...just a touch...not a word spent in incandescent absolution. He was the stuff that die in silence spent of their eloquence...alike the monk who has never desired. Innocence refound when wisdom becomes the sole mortal refuge.
Perhaps he shoulda just licked the problem! :>D
+1
Fun fiction indeed, velobabe.
But, we all know that gold will always be king.
you will have "Egypt" Queen Nefertiti.
Investing is so esy.
Especially when you lack the capacity for critical thought like you. You doth project too much..
Lets say I'm a dooms-day-er. Is it possible to cash in my 401K and just buy physical PM's?
My problem is I own a small company and I am the administrator of our company's 401K plan. So it may not be possible for me to opt out??? I'm not sure. Has any one of you done this?
It might be possible, but I'd sure make sure to have some "protection" available if the shit does hit the proverbial fan. All your employees are gonna love you when they find out you didn't let them in on the deal!
used to buy UC by the case for like $5 or so.
it's an outrage now. i'm ready to revolt on the "new and improved price" of UC alone.
Did it. Our plan allows us to borrow up to 1/2 it's value at 1.6% interterest which we pay back to ourselves. 5 year term. $50 fee. Payed off well for me.
Capped at $50K
You should before the government cashes it in for you and buys treasuries!
You might want to investigate the possibility of switching to a corporate profit sharing plan, in which you have a lot more flexibility in asset selection and other characteristics of the plan.
It's a slight pain in the butt, and there are legal costs and annual filings, but you might consider converting into an ERSOP plan.
I am the administrator/owner of my plan. With an ERSOP you can buy stock shares in your own company (if it is a C-Corp) and with the money in the ERSOP plan you can pay yourself whatever you wish: salary, dividends on shares, etc... You could look into investing the cash moved to the company into PM, legality is the question: depending on the state laws where you live and your charter (again if your a C-Corp. you may have more wiggle room). If you live in Ohio, forget about the PM purchase. Annual accounting and filing will set you back $800-$1500/year in maintenance fees (not including the initial set up costs). The IRS watched these closely since it is a loop hole that allows you to take advantage or this opportunity. You will/must get a positive signed letter of determination from the IRS when you file the plan with them initially. So it is scrutinized from the start.
See here: http://www.ersop.com/ These are the guys I have used for the last 4 years now and they originally set mine up. (beside my accountant and attorney). One last note: Theoretically you can set up the C-Corp as a holding company, with the ERSOP, then launch LLCs under the C-Corp (if LLCs give you more flexibility and tax advantages for your business).
Its a pain -- DO YOUR DUE DILIGENCE. Tell them Pete from Sparx in Ohio referred you (maybe if I get them some interested prospects, they'll cut me a break on the bill sitting on my desk:)
OR
Buy shares of something like CEF or PHYS/PSLV right in your 401K. It's not perfect, but it offers something of a potential hedge. You probably have already looked at this option.
Good Luck.
zerohedge is the shit†
Is there truely that much silver in each one of those them missiles?
I always heard it was 1,400 ounces.
These puppies aren't small or light.
And they need the high silver content in their circuitry to provide better conductivity with lower weight (less tin and lead).
Other than that, info is probably classified.
Merchant of Truth... like the bears.
still looking for some value?
HL is cheap and a bit misunderstood.
Impact Silver is my latest sweetheart in the sector. ISVLF.pk is expected to produce 1.2 mil oz this year and sits on a Huge Silver exploration opptornuty.
71 mil shares fully diluted (as i recall). that translates in to a $200 mil market cap. not the bargain it was at the end of January but still cheap enough to be interesting.
So. Shit my pants and luxuriate in the warmth, waiting for a dip to buy on.
Thanks!
Buy the Fing dips
If this chart is right, silver is going to rocket sky high at some point, just to match history (I cannot vouch for the chart though). If this chart is right, never mind the bear's list, WOW!
http://www.sharelynx.com/chartsfixed/600yearsilvera.gif
Sorry, can't get your link up. Silver still has to go North of $100 to just equal the Hunt high of 1980 and I'm not even worried about it. I think it's looking great.
@SilverGoldSilver: Nice video. You know, you see these headlines day in, and day out. After a while it gets a bit numbing. Then, when you put them all together in one short segment, it casts the entire situation in one, nice perspective. So, well done.
I'm still of the opinion though, that JPM is going to use their new vault to delay default. I can see it now. "Sure, we've got your silver. It's in here somewhere. Oh, it might take us a little while to find it. There's just soooo much silver in here, it's hard to tell what belongs to whom."
Or, "your silver is in the mail. You should get it Real Soon Now."
One can't hold real silver in a paper vault.
Anybody here buying puts on JPM?
Any advice on this?
thanks
You have to be a brain-dead fool to buy puts on JPM.
They are backed by the full faith and force of the electronic printing press.
fuckin hilarious. i pray to zerohedge instead of allah. seriously? shitting your pants on radiation fear? common. reeeeediciluous