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BullionVault.com Runs Out Of Silver In Germany
Correction: BullionVault does not vault in Germany. Silver is in London; gold is in London, New York and Zurich.
With the US Mint selling silver at an unprecedented pace, it was only a matter of time before the silver shortage would be spotted across the Atlantic, where distributors ran out of both gold and silver on a daily basis during the first time Europe became insolvent some time in early May 2010. Sure enough, BullionVault.com has announced that it has run out of silver in Germany "due to high demand." In the meantime, the CFTC's actions have succeeded in allowing the JPM's suppression of precious metals markets to continue indefinitely, yet all its actions have really done is to provide a short-lived lower cost basis for the precious metals as there is no indication demand is subsiding. At some point the margin calls will come. Then not even Gary Gensler will be able to bail out JPM (we wish we could say the same about Ben Bernanke to whom JPM's role as head of the tri-party repo clearing market is irreplaceable in maintaining an orderly shadow liquidity market).
Translation:
Due to high demand our own silver stocks are exhausted right now.
As BullionVault is only dealing with physical bars which are already in our possession, we are currently unable to offer, silver on our own market. Of course, our market is still open to all our clients act with each other and set their own prices. This situation could lead to buyers and sellers at higher prices. Buyers are asked to check the price again before they confirm their order.
On Tuesday, 18 January 2011, we expect the next delivery for silver.
h/t Oldeurope
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Just got a one kilo Perth coin last week. It's sweet. The 10 kilo coin. Now that's just obscene. A 20 pound coin? Hard to make change for but very pretty.
Sprott is SMOKING today, up like 14.5%.
Looks like Sprott got delivered on the 12th:
http://www.sprottphysicalsilvertrust.com/News_Details.aspx?cid=10
Sprott Physical Silver Trust Confirms Final Delivery of its Silver Bullion Purchases
TORONTO, ON - Sprott Asset Management LP (“Sprott”) is pleased to provide investors with an update on the status of the silver bullion purchased by the Sprott Physical Silver Trust (NYSE ARCA: PSLV, TSX: PHS.U) (“Trust”).
The Trust successfully received physical delivery of its remaining silver bars on January 12, 2010, thus completing the delivery of the Trust’s silver purchased in November 2010. The Trust’s silver holdings now total 22,298,540 silver ounces in bullion bar form. Sprott plans to publish a list of all bars held by the Trust in the coming week on its website: www.sprottphysicalsilver.com.
Interesting - Coin Invest gave the excuse that it exceeded some EU tax law before Christmas and refused to deliver silver to Ireland and various other euro states until the new year.
Now it is being more honest with the statement "
Weight1: 1000.00 Purity: 999 / 1000 Buy Back Price: Sell NETTO Price: Sell BRUTTO Price2: This item is currently not available for shipment to the selected ship to destination. We will resume sales as soon as possible.I suppose if you can artificially reduce the price and then prevent delivery or at least make it more difficult you can win at least in the short term.
I just can't figure out why would you want to play such a stupid game - I suspect maybe formal capital controls will be here shortly.
PS - Just checking but Germany , Luxembourg , Portugal and Estonia can still take delivery but 10 other Euro states I checked cannot including France and Italy - strange
Buy the dipps, You Dipps!
***At some point the margin calls will come. Then not even Gary Gensler will be able to bail out JPM***
This will end up saving me a few bucks as I will not sell my physical and my cost of acquisition will be lower. I hope the manipulation will cause great harm to the manipulators.
Buy 1, Buy 10 and / or whatever you can afford...
Let's say Silver and Gold go to the moon (priced in $US Dollars). The $64k question is; "What is your cost basis?"
Methinks Uncle Sam will not be left out of this party....
You plan on selling your PMs for anything but cash under the table? Or trading for goods, also under the table?
Fuck Uncle Sam and his inflationista policies. IRS can lick my blow-hole.
Straight up. And in this way too, we become more Soviet. I welcome the rise of the black markets.
start monday on his holiday
Wife just came back from the coin store and it was packed more than she has ever seen it before. One seller of their goods, but the rest were buying.
I think my wife said it best, "Why would people trust their retirement to pieces of paper that say you own part of a company's profits?"
I tend to agree.
I still have a order from 14 days ago from a germany bullion site fro 220 ounces that is still not delivered.
Looks now why that is.
On the other hand, I'll get my money back and that was when silver was at 30+ :)
SD,
Take a CHILL PILL..............
In early '09, I had to wait 6 months for a master case of Mapes.
And I awas told some had waited close to a year.
Second case,came in about 6 weeks ARO.
but at kronwitter - very good prices and normally you get it immediately if they have it on stock, otherwise within 1-2 weeks. I bought over 2000 oz recently, was no problem - thx god.
Germans loosing everything twice on a row
during weimer and nazi haven't forgotten.
Lessons from history.Hyperinflation as well
as wealth confiscation via policestate and
warfarestate can be bitches.West facing both.
OMG
Fear mongering - wake me up when Tulving/Apmex announce a real shortage.
Wall Street is now completely dislocated and severed from Main Street America. So long Wall Street, it wasn't even nice knowing you. Thanks for the memories Ben.
And now for some weekend humor for the boys over at King World News.......
Jim Rickards, Eric King, etc. should have piled into Starbucks.
RobotTrader - Fri, Jan 14, 2011 - 01:03 PM
Unlike silver stocks, note how this stock is completely and totally unfazed from:
- PIIGS convulsions
- Inflation/deflation debates
- Gold and silver brutalizations
- Municipal bond implosions
- $14 trillion deficits
- 9.5% unemployment rates
- Food riots in third world countries
- PBoC reserve ratio jawboning
- MOPE nonsense out of the BLS
- H1N1 and Bird Flu hysteria
- Volcanic eruptions
- World record snowstorms
All in all, a beacon of safety, because the U.S. consumer cannot be underestimated.....
LOL......
Damn, that comment ALMOST makes sense. Long term prospects on the other hand are not so good.
More humor...
Gotta laugh at this one...
John Embry and Gerald Celente should have dumped their gold and gone on a cruise
RobotTrader - Fri, Jan 14, 2011 - 01:31 PM
Because ever since August 2010, the cruise line stocks have gone vertical, pretty much ignoring:
- $90 oil
- Food riots
- Lackluster jobs
- Ongoing implosion in housing prices
- Stock market crashes in India and Bangladesh
- Virtually every major state and city in the U.S. on the verge of bankruptcy and insolvency
Never, never, never count out the consumer.
Never.
Because ever since August 2010, the cruise line stocks have gone vertical, pretty much ignoring:
Perfectly correct. And again telling half the truth.
10-15% of the population is doing VERY VERY well.
http://www.oftwominds.com/photos10/wealth-distribution.gif
At the same proportions of distortion as it was in 1929. A Very select business that caters to that particular strata has done well in that nutrient rich environment.
While to the other 80%+ it's 'let them eat cake' time.
For a while.
Forbidden Image
Do you care to think on
One trouble shooter
That we could fix on
This fevered globe
Was always meant to be
A home from home
But who's looking after
Lose face, lose face
In your place
Could we all fight in
An age demented
With a white bright light
That shines at night
What have we invented?
We all breath the same air
Yet we all die for the air space
Lose face, lose face
Standing in your place
Lose face, lose face
I bet you wonder if you're too scared
Too scared to lose face
Lose face, lose face in our place
My monster boxes are looking prettier by the day. I just may go home pry one open grab a few rolls and let the coins trickle through my fingers. They are so sweet...especially since I got my 1st box back in 2001 at $4.25/oz. Hooray...my retirement plan.
It's fun to stack them up in little piles, even with my small collection.
Lolol I do the same thing!!
yeah...i am finally a zer0hedger....fuck harrywagnor
http://www.youtube.com/watch?v=P6oCXsN3AWk
+ Physical... Ammo... Food and then PM's!
buying flatware and holloware is a good way to up your holdings.
You can get it cheaper than junk silver (under spot). I bought a silver gravy boat - a pound of silver - before Thanksgiving for $288. It's worth over $420 now. Silver flatware is also health to eat off of they say.
hey robot, why not overlay sbux versus slv on a one year. slv up > 50%. sbux up 40%.
you're like a catfish. all mouth and no brain.
Fact: Gold and gold stocks are being sold.
Fact: Most every other stock and sector are being bought with a vengeance.
Fact: General Jim and crew lost their January 14 battle today. General Jim is history.
Fact: Without relative weakness in retail and banks, the stock market remains strong.
Fact: Most "Armchair Anarchists" who were short SPY and long gold were obliterated the last 30 days.
LOL. Look at a 6 mo, 1 year, or 5 year chart comparing silver and SPY and see which is more "unfazed".
"Most every other stock and sector are being bought with a vengeance."
hey catfish mouth: have you looked at the volumes lately. spy vol is down huge.
You must be one of those guys glued to the TFNN.com podcasts, where Tom O'Brien, Larry Pesavento, and David White have been screaming and screeching about "low volume" for 6 - 9 months.
Ergo, their chronic short positions have been utterly destroyed.
If you are one of the guys riding on their coat tails...
All I can say is I'm deeply sorry for your losses, as your account must have gotten "toasted and roasted"..
LOL...
Fact: Gold is down less than 2% the last 30 days.
Fact: Futures contract players getting blowtorched over and over again, thus the EE rants'
Fact: Many, many miners/etf's monkey hammered' over the last month
Fact: Many speculators loaded up bets/trades over the last month, now shitting bricks.
Fact: Many gold bugs trade/bet in the futures market
Fact: You and Robot cherry pick stats that don't apply to people most here. We are physical buyers and holders. Why the fuck can't you get that through your thick skull?
wrong, moose breath. i have one holding.
You must listen to their archived shows because "roasted and toasted" is one of Tom's favorite sayings. I attended their conference a year back and learned a few interesting trading tidbits from the guest speakers. Frankly I am not certain how he makes money if he were to trade along the lines of his short views in this environment. Volume should be a good indicator of any strength of a move but as of late that usefulness has gone out the window. Tom may be right in the long-run but how long before we see his prediction come to fruition is anybody's guess.
true. I'm only not chasing BAC because I don't wanna be the idiot who top-ticked it.
But I saw weeks ago the big double bottom and made a mental note and here it's up fuckin 50%. Can't bring myself to chase cruise lines either but the tape sure says I should be.
Fact: Robotrader is pissed because he didn't ride the gold bull.
Fact: Robotrader lives with his mother.
Fact: Robotrader rides the bus in LA because he can't afford a car.
Fact: Robotrader worships the Bernank's dong.
But seriously, you're a moron. Two weeks ago we were at the all time high for gold. We are off a few % from that all time high. We are 18% higher than this time last year. There has been no parabolic blow off top. There have been no changes in fundamentals. Nothing has changed. You just have a sour vagina and you want to make yourself feel better by claiming to be "right" after being wrong for so, so long. I would suggest you get yourself a nice douche and shut the fuck up, because you are a loser. You've done nothing but lose. It is the defining element of your life. Now you are setting yourself up for the greatest loss of all time, as the markets seize up and your butt buddies in government take everything that is yours.
He'll be gone soon enough and we'll mourn his loss like we do ole Johnny Bravo (aka: Master Bates). We'll reminisce about the days we used to make jokes about his charts. Those will be the good old days. They'd come sooner if he'd just go away now.
Right. Gold and silver go on a tear for 4 - 5 months, then pull back for two weeks and the bears feel like they are vindicated? I want what they are smoking or popping.
Oh, and don't forget that little chart that shows every major index priced in gold since 2000 DOWN big time.
http://www.zerohedge.com/article/10-gold-charts-commercial-investment-firms-dont-want-their-clients-see
RT,
Fact: Gold and gold stocks are being sold
Uh Huh, PAPER.
Truth +10
Fact: Insiders are selling like crazy. Guess you are smarter (and richer) than they are?
Is bullion or paper-gold sold?
The answer to that question makes a huge difference.
If paper is sold bullion might be too cheap and therefore in short supply.
Dow/gold has turned up a bit but to me it does not look like a major turning point.
http://stockcharts.com/freecharts/gallery.html?$INDU:$gold
Fact: You need to buy a shirt.
Fact: You need to get a sex change operation.
Fact: Winning in the stock market is actually losing in the stock market.
Fact: You keep using that word vengeance. That word doesn't mean what you think it means.
Stocks and paper in general are for the sheep. And for Robotrolls.
And Gold and Silver are for those with still some working brain cells left.
See ya Robotroll in 2015/2016 with DOW:Gold:Silver at 1:1:1
Greetings,
I love Zero Hedge but I must admit I have never been in love with PM's the way many of you are.
I see that 10oz silver bars are generally 1 or 2 dollars over spot while American Eagles (or similar issued coins) are 3-6 dollars over spot.
I read somewhere that people like the coins because they are collectible and easier to use as currency but I don't see if that would matter.
So my question is are all of you buying coins over bars? Or does it not matter for these purposes?
Thanks in advance.
Lately it's been 1 oz. rounds (not Eagles) and bars. $1.25 over spot.
Thank You!
Gold and silver ring and sing. Once you learn the pitch you know what you are dealing with. Coins are easier to ring and sing. So best to start out with it. But with enough experience you become a human metal detector and something just won't feel right.
Coins, bullion,no bars unless a name brand.
Thank You!
I have a mix of 100 & 10 oz bars, generic silver rounds, and a bunch of 90% silver coins. I don't collect coins.
I much prefer junk silver since there was no need to counterfeit it way back when, so there's minimal risk like I worry about with China or other govts counterfeiting U.S. Silver Eagles.
Just now getting into silver heavy and frustrated there's no counterfeit-check for silver like you have for gold coins (www.fisch.co.za)
I know a silversmith who has heaps of junk silver, some of which he's considering selling so he can get his teeth worked on.
How do you work out a fair price for that? Anywhere I can read about how that whole market works?
The junk metal market is something I can see growing as time goes on, and as guvvy & banksters try cracking down on dealers. (Personally I believe we are heading toward large black-market economies in the 'western' world.) So I'd like to get educated about it. Where to start?
junk silver sells at .715 oz per dollar face value. A roll of dimes is 3.575 troy oz silver. Silver dollars are a higher amount of silver than dimes, quarters and half dollars.
www.coinflation.com has the melt values of all the coins.
Thank you. Great silver site! Added to my bookmarks and looking forward to some interesting reading there.
I like bars the best. Cheaper. Who cares about pretty, I want the metal. For hyperinflation I have junk silver. I wouldn't want to walk into a farmers market with a shiny american eagles. So Junk silver for barter/investment, and bars after you have a couple months expenses in junk. Cheap and accomplishes the goal.
Buy coins and avoid bars - way too many fake bars. The higher metals go - the more fake out there. The more difficult later to sell 'em again.
hey robot aka catfish mouth. how about that 5 year chart comparing rcl, sbux and slv.
slv over 5 years up 120% versus sbux down 15% and rcl up 15%.
No fund manager is compensated on a 5-year time frame.
They go quarter by quarter, or at the most, one year max.
The benchmark everyone is using is the March 2009 lows.
Fact: Robotrader has declared bankruptcy 5 separate times in the last four years. This is why no-one will loan him money to trade, meaning he is forced to troll Zerohedge all day and live off of his mother's food stamps.
he's an amatuer posing as a guru.
also i disagree often i think he is more professional than 90% of the guys here.
seen him here in the old days and often he is spot on
so i think he is just testing the overall mood here as a contrary indicator for himself or somebody else
poor rejoinder. i'm well aware of the comp of wall street having been in the business for 28 years. btw, "everyone" is not using the march 2009 lows for measurement. qtq measurement is ridiculous.
Dear JPM,
I can't thank you enough for suppressing the price of silver. Be sure to give those nice old farts at the CFTC a little something extra this year. You guys are geniuses!! So thank you, thank you so much! Love your work!
Hey Archemidies,
It does not matter for these purposes. The premium will still be there at most any price. Eagles are the weapon of choice for us silver guys worldwide. And when it goes over $100, who cares?
Thank You!
Terrific commentary by Jesse's Cafe today:
There was a concerted effort to drive down the price of gold and silver this week, much moreso than any usual price correction or pullback. For those that watch the markets on a daily basis such a market operation is hard to miss, but easy for the monied interest's commentators to rationalize.So why did it happen this week? Here are two theories.
The first is that JPM was given a 'green light' by the CFTC this week, which I heard from several sources. Here is a writeup on this by Chris Martenson.
I do not know if the CFTC 'caved' in to JPM or not because I have not had time to consider the matter. I will be disappointed greatly if this is true, and if Brad Chilton was a party to it. But it is a la mode of the Obama Administration.
The second and most probable in my mind is that the US Consumer Price Index (CPI) came in much higher than expected today. The Fed and Treasury are very concerned about managing the perception of inflation, even as they levitate the stock markets on excess liquidity to manage the perception of economic recovery amidst growing foreclosures and jobs losses. I was actually on the lookout for this one since the arrival of adverse economic data is the second greatest cause of a smack down in the metals, the first being key date such as an option expiration.
There is little happening here that I have not written about recently (see for example Special Commentary No. 342). Since I am traveling and am heavily under the weather with a seasonal malady, this morning’s comments will be brief, but the inflation issue will be reviewed in the pending update to the Hyperinflation Special Report and supplements to same.
In the economy, it looks like the "advance" fourth-quarter GDP (January 28th) will be positive, given the numbers discussed below. Significantly, though, major negative revisions to data, such as payrolls and production, loom post-GDP reporting. As to retail sales, keep in mind that the December increase was due to higher prices, not to underlying strong demand. There remains no recovery at hand.
Increasingly, global investors will shun the U.S. dollar, as its purchasing power increasingly gets hammered by Mr. Bernanke et al. The regular gold, silver, oil and Swiss franc graphs are shown below. As investors flee from the dollar, the precious metals and stronger major currencies will continue to be the primary beneficiaries in U.S. dollar terms, irrespective of any near-term market volatility, extreme or otherwise. More-prudent economic and fiscal actions taken by major U.S. trading partners will tend to make the U.S. dollar look all the worse on a relative basis."
John Williams - Shadowstats.com
Those who do not think that the Fed and Treasury watch things like the price of gold are greatly mistaken. Much of the current activity of financial engineering these days revolves around the management of perceptions rather than real productive results. Its the modern American way.
Well as far as concerted efforts go. This is definitely a wierd al yankovich concert.
http://www.youtube.com/watch?v=NgfpJWUYgbg
well Pt appears to have broken out, and oil at 90+ seems to call bullshit...
silver dimes and rhymes will slime JP's morgue in time.
JP Morgue says. How now lowbrow cow?
The same warning was provided to UK customers. It appeared at the weekend. It's not specific to Germany.
And it won't stop there.
Miners will just sit this DIP out. Miners aren't chasing this market for diluted paper currency.
Just to make JPM happy, the market is now completely unhinged.
Corruption and manipulation did the USSR into the dustbin of history.
As main street refuses to invest in Ponzi World and gold is too expensive for the common person (plus many famers market sellers accept silver...gold is worth too much (unless buying livestock))
The price suppression in silver is IMO also occurring in the big and medium name Mining Companies. They are one of the only groups making money and also have strong prospects.
If we were to see the "real' naked short positions being generated by the FED and member banks, hedge funds and others connected to the Squid/FED/JPM CABAL...it would rival the naked short positions in the silver market.
Remember the management of these firms can walk away, have liability insurance, let the firms go in the tank, ...and themselves leave for Israel with the gold, silver and other valuables. They think they can live happily ever-after protected by a nuclear umbrella and there vaunted intelligence services.
Its a shame that the mining companies and management and shareholders, mutual fund holders, ETF's that hold the shares, are all being screwed by the naked/short generation, counterfeiting operation. When they finally discover the extent to which their shares have been created out of thin air and sold as real on the open market, they will surely be way beyond pissed.
There are very harsh laws on the books of most countries against counterfeiting. And that is exactly whats been going on.
Friends, if you just ignore the Robos and Johnny Bravos of the world, they will go to other pastures where attention to their ignorance and
baiting comments will keep them there,not here.
Ignore them.
It's more fun though when they stick around so you can rub it in their face when they turn out wrong and their world falls apart.
I agree re: the Johnny Bravos of the blog. Ignore is best.
But I have to say I think it's unfair to rank Robo with JB. JB is a troll, but Robo just has a minority opinion...
...which I also think is mistaken. But being wrong (or in the minority) isn't the same as troll.
Hell, most of us are prolly used to being in a minority position, especially those of us lucky enough to work in an office or have large families.
SINCE Robo isn't a troll, and SINCE he's being wrong - don't ignore, but insult abuse and threaten freely. That's the delicious charm of Fight Club.
So, appears WE have two crooked concerns, and JPM, made payback a temporary bitch.
The knife cuts both ways.
gold is worth too much (unless buying livestock))
In short order, so will Silver.
That's great news! Just bought 100oz bar today. Damn bitchez! The coin dealer was damn low on stock. No rounds, few silver eagles, says people sell, people snap 'dem up fast same day.
For your info: as a "Eurolander", I cannot confirm physical shortage in gold. Premiums on popular gold coins like Napoleon, Louis, Vrenelli or Kruger Rands are as low as ever, availability is high. Can't say much about the silver market... euro countries have full VAT on physical so silver investment tends to be unofficial. The managers of Swiss ZKB Silber Fund explicitly denied any problems with obtaining physical silver. For what that's worth...
The VAT for silver is different in various Euro-countries; in Germany 7% on coins and 19% on bars, as far as I know 20% on everything in Austria.
Riddle me this, folks:
I think we can all agree that stability is one of the most important characteristics of a monetary system. This is the problem we have now with the Fed, right?
Given that silver has higher volatility than gold and what silver is mined is more than 50% used in industry, while almost all the mined gold is still in existence, what is the place of silver in a modern monetary system?
Perhaps bi-metalism made sense before silver was widely employed in industry, but now that it is doesn't that undermine its stability so much as to make it a poor choice for use in a monetary system?
TPOG
I've wondered this too.
But there is much talk about gold alone being insufficient for a global economy, and a new 'asset-backed' currency (i.e., currency valued against 'basket' of various assets/commodities) has been often been raised. (Oil, for example, being one of them.) If you're interested, when I get home tonight I can take a look thru my files for relevant articles.
In that case (currency backed by a basket of assets/commodities), I'm not sure that consumption of the asset/commodity not is as relevant now as it once was.
Thanks, not necessary to do too much searching, I'm just wondering what people think. I have some gold and some silver, but lately as I've been reading more about monetary systems I'm wondering if I need to adjust my ratios more in favor of gold.
From what I understand there is actually more gold available above ground than silver because it is not consumed but hoarded, even if the bulk of hoarding is done by governments.
If governments hoard gold but not silver is that not evidence that they believe when the fiat game is over they will base the new standard solely on gold?
Of course, if industrial civilization falls then silver could get very valuable and more stable, but it seems that gold would become money again long before that point is reached.
TPOG
Heh, all this talk about "when the world falls apart"....
I promise, when I see weakness in the tape, I'll be short.
The market is smarter than I am, it will start breaking down and give us clues when it is ready to snap.
I'm still 30% long, 70% in cash. I'll probably start peeling off the rest of my longs next week.
It's been a huge run, I don't want to get greedy.
Too many days and weeks over the 50-day, we are due for a correction soon.
We won't know if the correction that occurs will be something serious or just another dip to be bought. Best to wait and let Mr. Market decide.
I'm deeply sorry for those of you who clung on to the gloomer, end of the world view and lost your shirts being short.
How many times do you have to be told that NO ONE IS FUCKING SHORT? Stop justifying your stupidity by claiming that people advocating "staying the fuck away from the markets" are telling people to "short the market". That's a lie, and you know it. The "gloomers" own PMs and commodities.
I guarantee you that you aren't going to see the "weakness" that preceeds the next flash crash. It will come suddenly, and they'll close the markets, and you'll lose everything. By the time you are able to get your money out, including your cash, you won't be able to buy a cart of groceries with it. Pay attention to history.
I can't blame you for being angry.
Huge amounts of money has been lost by being short the SPX the last two years.
Huge opportunity lost by those sitting in cash the entire time.
Huge money lost in gold and silver call options the last month.
Huge money lost following the advice of "strategiests" and "experts" who claim that "this can't go on" or "any minute now, I swear we are going to crash"...
I'd be angry too if I didn't carefully study the tape every day and make sure I was on the right side of the market, and not listening to all the perma-gloomers.
hey catfish mouth. 30% long! 70% cash! what a crock. talk about no courage for all that you post about stupid people claiming the end of the world.
and yet you're advising people on your market wisdom at the same time as you trash gloomer "strategists."
step up and invest that other 70%.
I was fully invested in stocks since IBD's "follow through" day off the summer lows. Sold a lot the last week of 2010, as I posted on this site. Didn't want to get greedy since it was my biggest year ever. I intend to go both long and short this year, as the market dictates.
I could have shorted some mining stocks and make some big money the last two weeks, but my rule is that I NEVER short when the Nasdaq is leading the tape and the Summation Index is rising.
Great rule. I'm adopting it.
I think these kind of posts with some insight will be more appreciated than what seems like randomly picked boner charts to the rest of us.
Don't take his posts too seriously or personally...he just likes to generate clicks for the site.
he's all talk. i've been in this racket a long time. big talkers like him are a dime dozen. talks bold and then wimps out with a token position.
He is an idiot who knows very little.
I like this nonsense...
Geeze thats what they all say, moments before they go bankrupt. The moment the 'real' weakness comes the ground will fall from beneath your feet so quick you will shit yourself into the poor house.
exactly. he'll find a big mover one way or the other, throw up a chart and beat his chest even as he has no skin in the game. 30% long. what a jake leg.
Friend, ignore Robo .. Johnny ... etc. ITS THE ATTENTION STUPID! They post becuause their comments are taken seriously, they get attention. Starve them, ignore them.
umm
my gold stocks from Nov 2008 are up about 500-1000% percent
you?
I'll take doom and gloom anyday
Robot is lost on PM's. He won't ever face up to the facts of the Golden Bull.
As long as the fed keeps pumping, stay with your longs, why sell early???
No problem: Gary Gensler has given Blythe permission to create infinite paper silver. Only rude people discuss physical things. In fact Germans are known to be crass. Didn't we used to bomb them or something?
To buy silver and gold I use what is called the dipshit oscillator
Yeah as soon as every fucking dipshit who missed the decade of PM rises starts coming on the boards saying I told you so, I back up the fucking bus. Done it since 2000 actually.
Did it again this pm, as I"ll do next week if weakness continues and the week after that.
Most of the people today have a 60 second chart view. I have a 60 year chart view.
Oh well, I must take delivery. Added a case of maples for great price. Oh well, traded in some toilet paper for real wealth.
bye for now
Oh I almost forgot - how's that Apple trade working for ya? Did ytou ever hear of this cool thing called sell the rise? Yeah it's cool you take profits instead of going down the fucking toilet.
Someone has to be the fish I guess
You got that straight brah....
Related to the Eonomist indicator... every time they write an article against gold, it will rise. How many dumb shits does it take to change a lightbulb... none, it doesnt need changing, we prefer the dark.
I have a question for you all.
In hyperinflation how do you buy a new IPOD when the prices change every 4 seconds.
huh - complexity is a bitch isn't it.
What would the price of gold and silver be if JPM had to make delivery. That the real price.
Just because the AMERICAN PEOPLE are being SCREWED and led down a PATH to SOCIALISM doesn't mean we can't sit back and relax occasionally, right???
Light a blunt and listen to some Pink Floyd while enjoying the video "SUNSETS ON AMERICA" at (http://www.youtube.com/watch?v=WfJFGQiK3nc) for a little relief and escape from the TYRANNY.
Anonymous-
This ocean view really ties the rug together dude!! Puff..Puff..
Your ignorant... it has nothing to do with socialistm... it is corporate fascism.
Does anyone know how much physical bullion is
currently held by all investors?
not enough..
china is selling paper silver short
for they know,
they will never have to deliver ...
and at same time
buying and taking delivery of physical
brilliant ..
So this also makes JP Morgan and its metal manipulation team traitors to the USA, willfully helping a competitor accumulate startegic precious metals cheaply.
But I guess JPM think if they make a profit and the country sinks its still a great success as of course the country is of no importance.
China ought to buy up all JP Morgan shorts and demand delivery. Not only do the get cheap metals the metals get a huge boost as JPM go look to buy the real stuff to make delivery.
BV store their silver with ViaMat in London. The bars are sourced from the LBMA. Germany has nothing to do with it. It's just the German version of the page doing the rounds.
The first 'liquidity warning' was issued at the weekend, and informed that the next delivery would be on the 11th.
The date has now been shunted to the 18th.
https://live.bullionvault.com/help/?liquidity_warning.html
This is already interesting.
That's funny.... Everybody is buying silver and the price of silver still falls? What a weird market, all buyers and falling prices.
I love this site but its devotion to all things shiny could hurt a lot of people.
If you don't get. Then you just don't "get it".
You may be confusing wealth accumulation with paper speculation.
Approximate price at the this time:
There is currently 100 times more paper shares for every oz int the vault according to JP Morgan. The shorts simply can not deliver on the physical.
Silver Eagle = Ag = $32oz
IMO: SLV = Ag*100 bits of paper = $28.05/100 = $0.285 value
If they need more contracts they could just add more paper. SLV=ag*1000 bits of paper = .02 cents in value. Wow, they can create an order of magnitude more silver just by adding zeros and keep the price low - Sweet!.
http://aucanary.blogspot.com/2011/01/why-silver-why-now-sgtbull07-micro-...
So wow - You are correct! People are paying $32 per Oz for the physical crap when they could be holding a share of an etf that currently represents 1/100 of physical and actually is worth .28 cents.. Or better yet you can hold the short side of the paper. Brilliant.
If you bought a SE Monster Box last January you would still be up almost 70% today and still have every ounce in possession.
So according to your logic: When Physical silver is $55 or $100 or $300 dollar per ounce and COMEX can no longer deliver physical, you want to be holding paper leveraged multiples of 100's of times? Good luck with that.
Same with Au:
You might take a look at a 10 year gold or silver price price chart as compared to the top fiat currencies. You may notice a slight trend that has formed.
Premiums of Asian gold are at 2 year highs and there is a shortage of investment grade bars.
8 US States now have legislation introduced to study the use of gold and silver currency to put into circulation when the Banker's Government collapses.
The US Mint has halted issuing all numismatic silver coins. Why is this important? To a paper trader it is not. To a hoarder of wealth this is another canary in the coal mine. The Mint (by law) can not issue numismatics unless all demand for bullion orders are first met. What this means is the Mint can not secure the physical silver.
Sprott and BullionVault are having delivery problems.
There are signs of a silver shortage all over. Unless of course you like yours made from paper, which there is plenty of.
Last one to the door in a burning building gets usually gets his ass burned off. ... So if your stocking up on SLV shorts, you might want to invest in asbestos shorts as well.
Just before this article falls off the radar - have a look at this:
https://marketforceanalysis.com/article/latest_article_011511.html
Keep buying. They can't deliver up that which they don't possess. Fuck those cronies at the CFTC.