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Comex Physical Silver Drops To Fresh All Time Low Of 28.8 Million Ounces, 3% Drop Overnight, 30% Drop In Six Weeks

Tyler Durden's picture


When we first started paying attention to the physical ("Registered") silver held in COMEX warehouses on April 20 following the explosion in the silver price, the total amounted to just over 41 million ounces. As of today, a short 6 weeks later, the total physical silver held throughout the entire Comex complex, has dropped by 30% over that period. As of close today, the total amount of Registered silver is now 28,773,375 ounces, a decline of 2.9% overnight from 29,636,513. This is due to a withdrawal of physical from both Brinks and Scotia Mocatta, as well as the ongoing reclassification of 438,708 ounces of Registered into Eligible silver over at HSBC (but wait, it will revert back to Registered any moment... we promise). At this rate of withdrawal and "adjustment", there will be no physical silver left in the entire Comex in about 5 months. At that point, even one delivery intention will send the price of silver to previously unseen levels.

Source: COMEX


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Mon, 06/06/2011 - 18:41 | 1344951 redpill
redpill's picture


Mon, 06/06/2011 - 18:39 | 1344956 Xibalba
Xibalba's picture

Ah man,......!  That really tied the room together, man.

Mon, 06/06/2011 - 21:04 | 1345452 GottaBKiddn
GottaBKiddn's picture


Hey, Tex, the silver that is traded on the Comex is silver that is being traded, in other words, bought and sold. All the other tons of silver have already been bought. Try getting those people who bought it to sell now that the price has skyrocketed. You'd be lucky. Most of that silver is slated for industrial purposes or has been purchased to store wealth, which it has done very well. There are more industrial uses being developed every day, and more and more governments and individuals are exchanging worthless fiat currency for the shiny. If the Comex runs out at this low cheeseball price, only an idiot would sell or loan it to the crooks at the company store. Sorry, no hysteria here.



Tue, 06/07/2011 - 02:52 | 1346098 Texas Gunslinger
Texas Gunslinger's picture


Well, I've just returned from dinner to see my post junked over 40 times.  I've never seen such an aversion for the truth in all my life. 

There is no shortage of silver, period.  If there was a shortage, you'd see the price of SLV go up, while inventories go down as investors cash in for the real thing. In effect, the SLV has become another exchange just like the Comex, and until one sees a significant "raid" on SLV's inventory, there simply is no shortage.  Just because 5% of the silver market has 30% moves over a month's time means absolutely nothing with regard to true aggregate silver supply.  You want the truth?  Follow the money.  Money has poured OUT of silver during this same period.  If the 30% reduction in Comex inventory was indicative of the larger market, price would NOT HAVE COLLAPSED!  

<napoleon dynamite voice> IDIOTS! GOD!

Furthermore, you may want to familiarize yourself with the 1997 silver manipulation scheme involving Warren Buffet, PhiBro and the Comex, by reading:

Creating the appearance of a shortage has been done numerous times in the past.  The end result is always the same: crash and burn. 

Lastly, just because a bunch of doomer goons have burying skills that rival Marmaduke doesn't mean that the real players in the silver market wouldn't crush the market with supply at the right price.  Your maple leafs buried under your back porch next to your 45 canned hams mean nothing.





Tue, 06/07/2011 - 03:32 | 1346118 akak
akak's picture

Who are you, and what have you done with the formerly semi-literate Texas Gunslinger who couldn't even find the "Caps Lock" key on his keyboard, and whose biggest concerns were condemning blasphemy and fretting over the rising price of dog food at Wal-Mart?

Tue, 06/07/2011 - 06:16 | 1346188 EscapeKey
EscapeKey's picture

That was during his "introduction" period. Now, according to his schedule, he is supposed to have gained some credibility, so he can get on with the script, delivering the message he's paid to do.

>Shill interpreter 1.0, copyright Shill Corporation, All Rights Reserved 2009, 2010, 2011.

>Shill_script 1.0 executed.

>Introduction... done.

>Build character... done.

>Sow seeds of disinformation... done.

>Go full retard...

Tue, 06/07/2011 - 06:19 | 1346189 goldfreak
goldfreak's picture


Tue, 06/07/2011 - 09:27 | 1346527 shortnotgold
shortnotgold's picture


Tue, 06/07/2011 - 10:12 | 1346654 tmosley
tmosley's picture

The worst part is that this isn't even a joke.  He "caught" an edit of mine that I made less than five seconds after posting a reply in a reply he made an hour later.  This can only mean that he is running some sort of script that catches edits.

What the fuck kind of "regular guy" has such software?

Tue, 06/07/2011 - 13:39 | 1347443 Long-John-Silver
Long-John-Silver's picture

What the fuck kind of "regular guy" has such software?

Linux lets you copy key strokes and mouse selections into a script file and then re-run everything you did before. It's simple once you learn all the little Linux tricks available. If you use Windows or Apple you are not "allowed" to do these sorts of tricks.

Free yourself! Use Linux.


Tue, 06/07/2011 - 22:36 | 1349487 angela03
angela03's picture

Given that this poster is advertising either being from, or identifying with, the state of Texas, that should have been enough of a red flag.

Tue, 06/07/2011 - 06:26 | 1346193 TwoShortPlanks
TwoShortPlanks's picture

"<napoleon dynamite voice> IDIOTS! GOD!"

........What did Mom make you for dinner Teenager Tex?

Mon, 06/06/2011 - 21:10 | 1345489 AgShaman
AgShaman's picture

Beta...or VHS?

Wait don't answer...your statistics have already told me enough

Mon, 06/06/2011 - 21:33 | 1345560 Poule Mouillee
Poule Mouillee's picture

Be sure you line the room with plastic before you return those videotapes.

Mon, 06/06/2011 - 23:17 | 1345827 Richard Head
Richard Head's picture

So are you still using that naive hick gambit or only sometimes?  ASSHOLE.

Tue, 06/07/2011 - 00:03 | 1345906 dehdhed
dehdhed's picture

For instance, a month ago, at price over $40, there was over 7 years worth of silver supply exchanging hands within 5 days.  No shortage whatsoever. 

yup, no shortage of demand for sure.  if there's that much demand for paper silver, imagine when the music stops and above ground supply couldn't even cover 3 days demand of the fake stuff.



Tue, 06/07/2011 - 00:14 | 1345930 Whalley World
Whalley World's picture

An excellent reply!

Tue, 06/07/2011 - 01:21 | 1346025 StychoKiller
StychoKiller's picture

Math Man, that you?

Tue, 06/07/2011 - 03:52 | 1346131 Urban Redneck
Urban Redneck's picture

"For instance, a month ago, at price over $40, there was over 7 years worth of silver supply exchanging hands within 5 days."

Calling this mindless drivel would be polite.  Think about this, what is seven years of oil production, what is seven years of corn or wheat production?  When seven years or even seven months of supply changes hands in one day, it is not a physical material that is being transferred between parties it is paper.  Five years ago and five years into the commodities bull market, the LBMA was issuing press releases about the bars coming out of "deep storage" to settle the predominantly paper settled trading that occurs at the LBMA.  There isn't seven years of physical production available now in the marketplace, much less trading hands on a daily basis. 

By the way, since the 2 billion ounces includes includes all the coinage, private rounds and bars, as well as GDBs, the 2B ozs isn't Comex eligible, yet, same as your fine tableware and tooth fillings.

Finally, assuming a low figure of 500m oz per year production, a seven year supply is 120,000  tons, which would be 12,000 fully loaded brinks trucks worth of silver moving from vault A to vault B.  Perhaps you haven't spent much time in London or New York recently, but there hasn't been 1/10 of 1% (0.083%) of that volume being moved between vaults on a daily basis. 

Tue, 06/07/2011 - 05:33 | 1346171 Texas Gunslinger
Texas Gunslinger's picture

ummmm.....  perhaps I wasn't as clear as I could have been.  Never once did I think that 12,000 trucks loaded with 7 or 8 years of silver supply were driving through the streets.  

At the end of April, SLV trading volume actually surpassed the SPY - a total washout of historic proportions.  Yet there was absolutely no threat that physical silver would be undeliverable. None. The panic was the exact opposite: too much latent supply from the etf's rushing into the market. A fund manager could have bought warrants for as much silver supply as he wanted.  

Even with that crushing amount of turnover, did the paper ever decouple from the physical? No. In a Keiser interview from mid May, Sprott admitted that he was still able to buy physical at (or close to) spot price.   

My point is a simple one:  If there was any shortage of silver supply, those derivatives representing millions and millions of ounces of silver would not have churned from investor to investor at continually lower and lower prices; they would have been held and redeemed for the real thing. But at $40+, no one wanted them and there was an avalanche of supply available. You cannot speak of supply without the context of price. Furthermore, if there was a shortage, Sprott would not have been able to buy physical at spot prices. The reality is that physical and paper did not decouple and there was never a threat of physical shortage, even during one of the most monstrous turnovers in the history of the market.  



Tue, 06/07/2011 - 06:32 | 1346196 JonNadler
JonNadler's picture

Texas, nobody believes your crap here, so maybe you should get a nice blonde to "interview" you like I did at Kitco. Who knows it may work.


Tue, 06/07/2011 - 06:37 | 1346197 MadeOfQuarks
MadeOfQuarks's picture

Most of the run up from ~$35 to $50 would have been speculative paper trades, those people were buying on margin and were never interested in taking delivery. Obvoiusly no ounces churned anywhere, paper changed accounts was all, and those people could not afford to redeem for the real thing once the party was over, since that would mean coughing up cash they didn't have.

Since silver is being produced constantly a dip in supply won't be of the kind where people are told "there ain't no silver and won't ever be, so go home and forget about silver", it'll show up as a delay to get the real thing.

Tue, 06/07/2011 - 10:08 | 1346634 Urban Redneck
Urban Redneck's picture

My point is is that sinking the silver price prevented a decoupling of the paper and physical prices, because there isn't anywhere near enough inventory of 5,000 oz bars to meet demand, if a bank run does develop, and when that day comes, the hourly rate for a Brinks truck will go through the roof.  Years of volume trading hands each day in both the futures and SLV markets is a HFT game of hot-potato among institutional holders.  JPM as one of largest SLV shareholders, as well SLV custodian, and member vault of both the LBMA and Comex can shuffle huge amounts of paper.  Of course we could also wake tomorrow and learn of something akin to a Chinese reverse merger fraud at a Chinese LBMA refiner, then all bets are off.

The best one page summary of the Silver supply and demand picture I have found is at:

The gold market is useful for understanding the silver market, because the quantities are more precisely known and reported.  Per the Comex COT reports- as of 12/31/10 when gold was $1405.50/oz Commercial Traders had 193-194,000 long contracts and 446-448,000 short contracts, or were net short about 253,500 contracts.  However, they simultaneously reported to the BIS that they had a market value $47 billion position in gold worth a notional value of $396 billion.  Therefore there is significant portion of the Commercial Banks derivatives exposure that is outside of Comex Futures e.g. swaps & options (much like the Greek debt problem, where it's the swaps that will kill the banks, not the primary instrument).  The same way an avalanche can be started by a single footstep and cascade into a catastrophe, a bank-run (in silver) can be started by a single bank hanging a "no withdrawals sign."

The SLV prospectus is an example of the fine art of legal bullshit, as are the frequent press releases from the fund management talking about what SLV's assets ARE NOT.  The SLV prospectus clearly does not rule out paper silver being one of the assets.  Furthermore, if an authorized participant engages in a swap transaction for physical silver, the silver itself can be deposited in SLV unencumbered, as long as the swap contract is properly drafted.

Until SLV and JPM provide a detailed breakdown of the allocated and unallocated inventory of the contents of JPMs vault, as well as a breakdown of both parties' open derivative positions (futures, options, and swaps) the exact break point in the market cannot be calculated, other than the Comex running dry.   

There are approximately 120,000 contracts open interest for Comex Silver, and 250,000 contracts of open interest in Comex Silver Options, plus an unknown number of swap agreements.  370,000 contracts is potentially 58,000 tons of silver to be delivered, against 899t registered and 2242t eligible in Comex vaults.  58,000 tons compares to the 33,000 tons of 2010 global supply & demand in the first link (1,056.80 X 1M ozs = 1.75 years).  There the is a lot more paper than actual silver product floating around, and unlike oil, you need a VLCC to take delivery and store the product.  The trend is not the Comex's friend.  What will take small market participants a year to accomplish could be done by any one of a thousands of large market participants.   

YTD LBMA clearing 2672 transactions 18,281t

LBMA London Vaults (Allocated & Unallocated Inventories not disclosed to non-members)
HSBC (Allocated Storage for SIVR 544t)
JP Morgan Chase Bank (Allocated Storage for SLV 9885t)
Scotia Mocatta
Via Mat International Limited (Allocated Storage for Bullion Vault 182.6t)
Deutsche Bank
The Bank of England (Gold Only)

Comex US Vaults (899t registered, 2242t eligible)
HSBC (Allocated Storage for SIVR)
JP Morgan Chase Bank
Scotia Mocatta
Delaware Depository Service Co

1 ton = 32 bars or 6.4 Comex contracts

Mon, 06/06/2011 - 19:15 | 1345057 nmewn
nmewn's picture

Break them bitchez.

Mon, 06/06/2011 - 22:27 | 1345708 JW n FL
JW n FL's picture

Break them.. then hang them for Treason!

Mon, 06/06/2011 - 19:25 | 1345075 CPL
CPL's picture

Sad thing is most of us own more silver collectively than a multi billion dollar "clearing" house.  Anyone want to fuck with them?


Seriously...not Anonymously either. 


I have around 60 pounds of silver.  960 ounces.  Let's do a raised price action directly on Comex.  We offer sells around 50000% higher than market, lock them in on a good until sold call, when they get bled to death from the repo action, we remove a bishop from the board because the only ones with silver forsale is the "little people".  If anything, it's easy to fuck with the world an inch at a time.  After we watch a useless bunch of tits burn in their own IOU's, watch the dingleberries scramble around to recreate a sloppy, piss poor semblance of a shadow bank.  Then open our own.


Then allow the market to float as it should naturally.


Anyone down for that?  Like busting any short open for raping.

Mon, 06/06/2011 - 19:31 | 1345151 TheDriver
TheDriver's picture

I kind of love you. [man hug]

Mon, 06/06/2011 - 22:44 | 1345741 Transformer
Transformer's picture


  We are so big, Nelson Bunker Hunt was small potatoes compared to the big, global WE, who own physical silver.  What WE have done, and keep doing, is the most anti elite action possible.  Do you realize that they are powerless against us?  They got Hunt, because he was playing the Comex.  They could change the rules at will, and so did him in.  WE have made our own rules.

1. WE little guys buy as much silver as we can, usually for cash, untraceable, like a siphon on the market.

2. WE hide it away, where they don't know where it is, and we don't sell it as a result of market action.  WE wait.

3. WE are silent and just watch, the problem for the elites about silver has just begun.

4. Don't fuck with us, because you can't fuck with us.

The Comex is about to fail.  All hell breaks loose after that.  Better buy while you still can.  See Harvey tonite:

Mon, 06/06/2011 - 23:29 | 1345845 Oppressed In Ca...
Oppressed In California's picture

I agree.  But the control freaks running various governments will use this as an excuse to throw all of us "WE's" into a concentration camp.  After all, we're threatening to ruin their source of privilege - the fiat money system.  Hey, at least we'll all get to know each other better.

Mon, 06/06/2011 - 19:58 | 1345233 tickhound
tickhound's picture

I'd be into any counter manipulation that we could collectively muster.  Got plenty-o-silver and gold (inventory available upon request).

Mon, 06/06/2011 - 20:03 | 1345248 GoinFawr
GoinFawr's picture

Is it just me or are you guys breaking the first rule of FC?

Mon, 06/06/2011 - 20:18 | 1345297 CPL
CPL's picture

Not really, we don't get to hang out at men's lounges and drink cocktails with each each...or allow ourselves the physical limitations of FC.  Some of the promise notes of FC is to allow mayhem and chaos to allow itself to manifest.   Besides it's not the same aspects of anonymous.  The MSM opened its mouth on silver, time to allow people that understand that the value of a limited commodity used for 4000 years  to be reused.  Those that fall on the cocks of fiat retards to enjoy every inch of it.


Not entirely sure how to organise it though.  It would have to happen fast.  Like PM dealers wake up, look at the ask price, shit their pants, have a stroke then figure out how to panic.  While they panic and kill one another; we sit back, eat popcorn, watch it burn and the panic "BUYING" and price jumps.  Play the nonsense like an HFT.


Ratchet the trade.  Up a buck collectively every hour, from multiple sellers but in a 1/100th split, and keep raising the price.  Humans can move like a flock of birds when motivated.


Our motivation isn't profit.


It's for the LULZ.  The trick is for the flock of us NOT to sell at all, just offer and retract, constantly.  Just to train the HFT's to learn a new price.  HAL9000 might be a fun loving piece of equipment, but like a dog, it learns when feeding time is.  Show that dog the bone and never feed it.

Mon, 06/06/2011 - 22:24 | 1345704 Captain Benny
Captain Benny's picture

There is a reason fight club grows.  "You don't talk about FC."  If you don't understand that breaking the rules is part of the fundamental concepts, then you don't belong in the project.

Tue, 06/07/2011 - 03:31 | 1345779 GoinFawr
GoinFawr's picture

right right right.

Mon, 06/06/2011 - 20:07 | 1345263 Captain Benny
Captain Benny's picture

My silver will never leave my possession for that of a COMEX vault.  Never.

Mon, 06/06/2011 - 20:21 | 1345308 CPL
CPL's picture

as it never should...ever.  Those bozos get ahold of physical silver again and we are in the same crab bucket.  The goal is to smoke them once and for all.  Force the IOU's to claim ownership of anything they have left in their vaults.  30 years those dirty bags have use silver to fuck with copper, oil, gold and silver itself.


Let's empty their coffers and watch them burn in a beautiful effigy of lawyers and rackettering charges.

Mon, 06/06/2011 - 21:29 | 1345557 flacon
flacon's picture

I have 273 pounds of silver. 

Mon, 06/06/2011 - 21:36 | 1345568 AgShaman
AgShaman's picture

Almost 4000 ounces....not bad

Mon, 06/06/2011 - 21:42 | 1345582 flacon
flacon's picture

I'd make two pairs of shoes - 1,000 ounces each shoe. Two for Blythe, and two for Dimon. Tie their hands bahind their backs and toss them into the warm tropical waters of the Caribbean and throw some chum in to attract the sharks. It would be worth it. 


Just put a tracking device on the shoes please. 

Mon, 06/06/2011 - 21:47 | 1345602 AgShaman
AgShaman's picture

Perhaps you should find a less polluted section of ocean (good luck)....for a safer retrieval process following your adventures in charitable service to the rest of the world.

I do like the idea though

+777....for effort and taking one for the team

Mon, 06/06/2011 - 22:14 | 1345680 Temporalist
Temporalist's picture

Easy enough to retrieve if you mount eyebolts on the anchors and tie some cord to them.

Tue, 06/07/2011 - 08:07 | 1346302 Clay Hill
Clay Hill's picture

If you insist on salt water:

Rented 6" Gorman-Rupp pump with one thousand of feet of hose.

Choose a swimming pool close enough to seaside, and no need for tracking devices.

If you need help with the equipment rental, or ticket sales, lemme know. :)

Mon, 06/06/2011 - 22:29 | 1345711 JW n FL
JW n FL's picture


you do not post enough.

sincerely, jw

Mon, 06/06/2011 - 23:08 | 1345813 CPL
CPL's picture

I rant...posting is too polite and there are lots of other things to do.  CD is still my favorite poster here btw.  Philosopher and elegance in prose.

Tue, 06/07/2011 - 01:28 | 1346041 Rynak
Rynak's picture

Seems that similiar minds think alike. My favorite posts also tend to be those of CD, Bob and you.

Mon, 06/06/2011 - 18:42 | 1344954 Winston Were Wolf
Winston Were Wolf's picture

HOme owner forecloses on BofA branch... And wins:


Mon, 06/06/2011 - 19:09 | 1345039 Magnix
Magnix's picture

Thats an old news!

Mon, 06/06/2011 - 19:17 | 1345061 Winston Were Wolf
Winston Were Wolf's picture

Really?  Yesterday's article is old news, when there's no front page reporting on it anywhere?

Mon, 06/06/2011 - 19:36 | 1345170 Xibalba
Xibalba's picture

welcome to the 'information age'...where day-old news is old news.

Tue, 06/07/2011 - 02:01 | 1346063 qqqqtrader
qqqqtrader's picture

...and still amazing many peeps I talk to at work don't know important news that happened even a week ago.

Tue, 06/07/2011 - 04:56 | 1346154 Marty Rothbard
Marty Rothbard's picture

It was reported on the local news, of the CBS affiliate, in Charlotte, NC (home of BOA) on 6-6-11.  Of course they did explain it poorly.

Mon, 06/06/2011 - 23:20 | 1345825 unununium
unununium's picture

Significance here is that the sheriff assisted.  The cops are probably dog tired of kicking people out of their houses.

Mon, 06/06/2011 - 18:40 | 1344957 Yen Cross
Yen Cross's picture

 No matter what! Buy the dips. My target is coming up. Trade smalls and use them as a guiding line. I'm longer term XAU. I like PLATINUM!

Mon, 06/06/2011 - 18:47 | 1344967 GoinFawr
GoinFawr's picture

All eyes (especially that third one) on 1800 bitz&bytes!

Mon, 06/06/2011 - 18:58 | 1345004 Yen Cross
Yen Cross's picture

  If I ever offended you. Lets make a better trade! Yen.

Mon, 06/06/2011 - 19:32 | 1345067 GoinFawr
GoinFawr's picture

Offended? Nah, all in good fun. Same goes. You just 'made me look'; keeps me on my toes. You seem to have a pretty good idea which side of the bread gets buttered, and it's been a slice.

(I see your serial junker is on duty - woulda been better for him if he just paid attention)

Mon, 06/06/2011 - 19:36 | 1345160 Yen Cross
Yen Cross's picture

 Thanks. Be careful on Thursday. yen. Good man you are.

Tue, 06/07/2011 - 04:19 | 1346119 GoinFawr
GoinFawr's picture

AAAAhnd, they're off!

Pt's in the lead too. I'm thinking it is getting close to that time again.

Tue, 06/07/2011 - 12:18 | 1347160 GoinFawr
GoinFawr's picture

Heh, later the same day - a happening

Mon, 06/06/2011 - 19:27 | 1345138 CPL
CPL's picture

Define a use for platinum other than Dungeons and Dragons top tier PM.  It's used to solder...and it's not that pretty.  might as well offer diamonds as useless other than cutting things and a made up need for weddings.

Mon, 06/06/2011 - 20:11 | 1345276 GoinFawr
GoinFawr's picture

Honestly, I couldn't name any uses offhand, industrial or otherwise; I don`t own any Pt, and never have (to date).

OTOH, like a lot of other things I have never owned, it`s definitely worth noting its movements relative to, or in spite of, everything else.

Mon, 06/06/2011 - 20:29 | 1345332 zaknick
zaknick's picture

Pt wire is used in labs for testing with Salt of Phosphorus or Borax beads.

Mon, 06/06/2011 - 21:31 | 1345550 Ahmeexnal
Ahmeexnal's picture

*cough* hard drive platters *cough*

Mon, 06/06/2011 - 22:34 | 1345718 GoinFawr
GoinFawr's picture

k, so it turns out I do have some on hand after all

Mon, 06/06/2011 - 20:51 | 1345416 blunderdog
blunderdog's picture

It's a widely used catalyst for all sorts of industrial chemical applications.  A bit more mundane, it's common in catalytic converters.

Mon, 06/06/2011 - 21:17 | 1345523 dogbreath
dogbreath's picture

big buck in cats for a scrap yard

Mon, 06/06/2011 - 22:50 | 1345759 BobPaulson
BobPaulson's picture

Yes, my understanding is that this is the primary use. Pt is much more of an industrial metal than gold.

Mon, 06/06/2011 - 23:32 | 1345852 Instant Karma
Instant Karma's picture

Platinum is used in cat converters in cars and is desired by Chinese women for jewelry. Much rarer than gold and much more prone to supply disruptions, as is palladium.

Tue, 06/07/2011 - 05:06 | 1346156 Marty Rothbard
Marty Rothbard's picture

Pt is a very important industrial calalyst, for all sorts of chemical reactions.  It is also used in scientific instruments such as RTDs which are used for the accurate measurement of temperature over a wide range.  The most common useage, is the catalytic afterburner in your car.

Mon, 06/06/2011 - 19:35 | 1345166 shortus cynicus
shortus cynicus's picture

I find PLUTONIUM much more usable.

Mon, 06/06/2011 - 18:42 | 1344964 Cow
Cow's picture

It sure as heck won't be a linear drop over five months. {insert photo of bank run/lines outside the bank}

Mon, 06/06/2011 - 20:55 | 1345419 JoeSexPack
JoeSexPack's picture

Should accelerate like an avalanche, once it breaks.

Mon, 06/06/2011 - 18:47 | 1344968 Clint Liquor
Clint Liquor's picture

I'm beginning to wonder if we aren't going to have one of those 'crisis that shouldn't go to waste' regarding physical Silver. It makes no sense otherwise.

Mon, 06/06/2011 - 18:47 | 1344970 DoctorGold
DoctorGold's picture

I will not sell when it hits triple digits; there's no reason to. It's going well over the hundred dollar mark. Plain as the frown on JP Morgan's decaying skull.

Mon, 06/06/2011 - 19:00 | 1345008 JLee2027
JLee2027's picture

It's going to four figures if you can afford to wait.

Mon, 06/06/2011 - 21:45 | 1345596 HungrySeagull
HungrySeagull's picture

Yah, we can actually afford to wait.

Selling at 4 figures will push our income just about enough to cherry pick anything including a land and house anywhere in the USA. And pay cash outright. No Linda Green bullshit for us.

Mon, 06/06/2011 - 22:55 | 1345781 JLee2027
JLee2027's picture

That's the ticket. Just buy homes that were last sold in 1999 or before to be "title-safe".

Mon, 06/06/2011 - 23:49 | 1345876 CompassionateFascist
CompassionateFascist's picture

You're kidding yourselves. When the dollar goes, it will go so fast that you't won't be able to meaningfully denominate PMs in $$$. One US silver eagle will buy maybe 2-3 days food at a farmer's market...if you are far enough from a city to find one. If you live in or close to a large urban area, and can't fight your way out, you will be swiftly dead.

Tue, 06/07/2011 - 01:27 | 1346037 JLee2027
JLee2027's picture

One US silver eagle will buy maybe 2-3 days food at a farmer's market

??? One silver eagle buys more than that now.

You need to relax. This is a currency event, not the end of fucking civilization.

Tue, 06/07/2011 - 06:49 | 1346205 fredquimby
fredquimby's picture

Did you just read "Patriots" ?

P.S the junk is for your unnecessary shouting

Mon, 06/06/2011 - 18:47 | 1344983 Spalding_Smailes
Spalding_Smailes's picture

Miners hedging, again ... Book it


Get ready for another 30-50% wipeout

Mon, 06/06/2011 - 18:56 | 1344995 Bay of Pigs
Bay of Pigs's picture

Yes, I'm sure that's it. It's all hedging. Hahaha...


Mon, 06/06/2011 - 23:34 | 1345854 Instant Karma
Instant Karma's picture

Under no reasonable scenario does silver hit 4 digits. Sorry. Maybe $100.

Tue, 06/07/2011 - 00:51 | 1345980 medicalstudent
medicalstudent's picture



but we threw reason out the gold window four decades ago.

Tue, 06/07/2011 - 01:34 | 1346044 JLee2027
JLee2027's picture

Under no reasonable scenario does silver hit 4 digits. Sorry. Maybe $100.

There is a physical shortage NOW (masked by paper silver diverting funds), an industrial need with no substitute possible, and a coming monetary need when fiat currency goes bye-bye. It's going far higher than most understand. It's inevitable really. 


Tue, 06/07/2011 - 01:43 | 1346055 Rynak
Rynak's picture

Actually, it can hit any amount of digits, because the value of the dollar is only a matter of the printing presses.

I would however agree, that by NOWADAYS dollar's buying power, silver couldn't hit 4 digits.

Mon, 06/06/2011 - 18:58 | 1345002 hamurobby
hamurobby's picture

So they are withholding production to hedge at higher prices?


Mon, 06/06/2011 - 19:01 | 1345012 Quinvarius
Quinvarius's picture

Maybe they should try delivering.  As far as I can tell, they have not been doing that for a couple years.

Mon, 06/06/2011 - 19:00 | 1345014 Clint Liquor
Clint Liquor's picture

Miners have to report hedging. Name one.

Mon, 06/06/2011 - 19:15 | 1345056 Spalding_Smailes
Spalding_Smailes's picture


I posted this before the first big hit ....



February 8 2011

Silver mining companies have begun to buy insurance against a sharp drop in prices after years during which hedging fell out of favour.

The move by several large miners to lock in prices comes as gold and silver prices have slipped from recent highs, with investors turning to other assets as economic sentiment improves. Some analysts have begun to warn that the precious metals may soon peak after a decade-long bull run.

Gold is down 5.7 per cent from its record high in December. Silver jumped 75 per cent from August to hit a three-decade high last month, but has since fallen 6 per cent, trading at $29.30 an ounce on Tuesday.

Bankers said at least five miners had hedged a portion of their silver output in recent months, either by selling future production ahead of time at a fixed price or by buying options to protect against falling prices. This has helped push the market into “backwardation” – an unusual condition for silver in which the price for future delivery is lower than for immediate delivery.

The quantity of silver hedged in the latest wave of activity is several times the size of previous outstanding hedges, according to bankers’ estimates.

Raymond Key, head of metals trading at Deutsche Bank, estimates that about 100m ounces of silver has been hedged in the past two months. That compares with total outstanding hedges, called the global “hedgebook”, of 20m ounces in late 2010 and annual mine production of about 700m ounces, says precious metals consultancy GFMS.


Several marquee silver producers forecasted a drop in silver prices and took necessary precautions such as selling several mining sites. Many companies also increased hedging. Hedging programs allow producers to lock in current silver prices for future production, guarding against any potential price declines in the future. Banks which execute these forward sales borrow silver from the spot market, which reduces the physical supply of silver temporarily. Analysts warn that an increase in hedging could be taken as a bearish signal for silver prices as it directly increases selling pressure in the market.


Mon, 06/06/2011 - 19:25 | 1345106 GoinFawr
GoinFawr's picture

Ah, so by "miners hedging again" you meant, "again, like I said before 5 margin hikes in almost as many days, miners hedge"; thanks for clearing that up.

OTOH, welcome back. Nothing seems to be more bullish for silver than your presence.

Now, if we could only get someone to tell us, again, how it only takes 5 fiatscos per ounce to pull it out of the ground in his backyard...

Mon, 06/06/2011 - 21:58 | 1345627 Yen Cross
Yen Cross's picture

 Just lay low. I'm 15 hours ahead of Cali! Lets trade Europe!

Tue, 06/07/2011 - 14:13 | 1347530 GoinFawr
GoinFawr's picture

only 15 hours ahead you say? Too modest, judging by the tape of the last 12...

Mon, 06/06/2011 - 19:55 | 1345222 tickhound
tickhound's picture

You've posted alot of other things too, followed by a "big miss"...

But hey man, nice shot.

Mon, 06/06/2011 - 19:57 | 1345239 EscapeKey
EscapeKey's picture

...and as usual, you post this garbage, without providing any kind of timeline.

Don't worry, I will TOTALLY sell an oz of silver every month for the rest of my life @ $35/oz. That would be at LEAST 100m oz, as I expect to get really old. You can add that to your story you keep parading about, doubling the figure to 200m oz.

Mon, 06/06/2011 - 21:13 | 1345491 XenoFrog
XenoFrog's picture

The best you could do was a four month old article?

Mon, 06/06/2011 - 22:42 | 1345742 Land of the Ris...
Land of the Rising Sun's picture

It's comments like these... love ZH. Alright, back to business....

Tue, 06/07/2011 - 00:48 | 1345974 baby_BLYTHE
baby_BLYTHE's picture

I have been on ZH long enough, despite what my profile may say otherwise, Spalding used to go by the name 'Master Bates', who called for a crash in the PM complex when gold was trading at least 35% lower than current prices.

Dow/Gold ratio less than 8, bitchez. The Federal Reserve note is in free fall!

Mon, 06/06/2011 - 19:17 | 1345063 Quinvarius
Quinvarius's picture

Hedged miners are bullish.  If all the supply for the next ten years is already sold into the market, that is fine with me.

Mon, 06/06/2011 - 19:01 | 1345021 Hugh G Rection
Hugh G Rection's picture

Spalding had a cameo in HBOs TBTF.  He was the guy blowing Jamie Dimon under the table.

Mon, 06/06/2011 - 19:12 | 1345058 tmosley
tmosley's picture

Please explain to us exactly how miner hedging draws down COMEX inventories.

Delivery boys should stick to what they are best at, delivering oral sex to corrupt Chicago politicians who buy lawn furniture from their pal/pimp.

Mon, 06/06/2011 - 19:19 | 1345070 Spalding_Smailes
Spalding_Smailes's picture

Another $2,200.00 week ....

Running those Cat parts for chrome plating sure does pay 



Mon, 06/06/2011 - 19:31 | 1345139 tmosley
tmosley's picture

The driver continues to run his mouth, and once again shows that he has been UNABLE to raise the money he claimed he needed to start his "hedge fund".

You are drowning.  You have been claiming that you have been making huge amounts of money forever, yet you are still doing manual labor for a living.

It is easy to tell when a driver is lying about his pay.  His lips are moving.  I can see them from here.

Mon, 06/06/2011 - 19:31 | 1345149 CPL
CPL's picture's not religon.  It's making money.  Shut up and think for five seconds on how it can be done with a BLINDINGLY obvious solution.


Fuck like watching Mormon's argue about who Jesus loves more.  Guess what.  Both wrong, it's buddists.

Mon, 06/06/2011 - 19:41 | 1345176 Spalding_Smailes
Spalding_Smailes's picture

I don't lift a finger. Funny, after starting my biz a few months ago the money is flowing. On pace for 100,000k in my first year. Truck number two looming ....

The fund will be started within 12 months


But a dimwit like yourself who can post all day long every fucking day is not much of a worker in Illinois we would call you a nigger.

Mon, 06/06/2011 - 19:40 | 1345185 GoinFawr
GoinFawr's picture

well, you and Trav77777777 should get along just fine then.

Mon, 06/06/2011 - 19:47 | 1345209 CPL
CPL's picture

Fucking hate that word. 

Now first thing about managing money, you are playing alot of hubris on the idea of playing with other people's money in one run on sentence.  You know the rule of the market.  You opened your mouth, karma is a bitch and like a boomerang the loss come back with great accuracy.


Oh yeah, here's an Irish curse for a week. <toss..kiss kiss bang bang>  Your dick won't work for love, money or pills. 

Mon, 06/06/2011 - 20:00 | 1345237 Spalding_Smailes
Spalding_Smailes's picture

Well its just a small fund between friends ( start with 200k 50 each )

I get total control. Most of the cash will be on AAA stocks ( CAT, MSFT, ARMH, ect ... ) BRK.B is a steal at this price


Mon, 06/06/2011 - 20:09 | 1345266 EscapeKey
EscapeKey's picture

Of course it is. Because with every leading indicator deeply negative, every major investment bank revising Q2 downwards, the annualized buyer of $1.2tn of UST's about to go missing (ignoring rolls), increasing unemployment ratios, rising inflation, record breaking SNAP participants... how could stocks not go up?

In fact, you'd be an outright loon not to see all these strongly positive developments for stocks.

Mon, 06/06/2011 - 20:25 | 1345322 CPL
CPL's picture

Well, your mouth opened on money made, I can't forgive you on that, that's the fates rules.  All of us are superstitious on blabbing about our wins.  Cardinal rule is SHUT UP on it.  Until it's tax time.  YOU SHUT UP.  Jesus.  But you know exactly what happens to assholes that talk big win on small change.  The Vegas strip is full of them.


I didn't open my mouth for the fates to decide on tommorrow for you.  I just gave you a week long Irish curse for using a word I opened your own gob on blabbing about other people's area related poverty.  Karma is a bitch.

Mon, 06/06/2011 - 20:42 | 1345352 Spalding_Smailes
Spalding_Smailes's picture

I have posted many, many, maaany 20-30% runners before the move ... on ZH since day 1.


I'll toss out 5, you toss out 5 and we will revisit the issue in 16 weeks. All day, lay out some winners big mouth

EDIT : lets pick 10

Keep your fucking mouth shut until you do

Mon, 06/06/2011 - 20:43 | 1345380 CPL
CPL's picture

You opened your mouth, not my problem on your wish for getting hit my the karma truck.. 


How's your wang working?  Here let me let you with a starting point.  <-- if the first one doesn't work, then this one will.


Mon, 06/06/2011 - 20:45 | 1345386 Spalding_Smailes
Spalding_Smailes's picture

Thought so ....

Spineless bitch, next

Mon, 06/06/2011 - 20:54 | 1345414 CPL
CPL's picture

Down below monkeynuts.

Mon, 06/06/2011 - 20:56 | 1345408 CPL
CPL's picture

For fun...


Here I'll open the arena.

Arena name is  Start 1 million in funny money.  One month to play to over or under.  Winner owes the loser a beer.


Your drinking my beer bitch.


Anyone else wants to play public game with this fuck nut please feel free to join.  It's fantasy trading against the real market.  Cost NO dollars.  Just the annoyance of time.


If you have never traded, then it's fun for fun.  No cost.  No real money.  All public paper trading.


I'm SpankytClown.  Spunky Meister 20 year old versus me.  But since he's a moron.  I'm pretty sure anyone that has ZERO experience.  the way this twat is talking, he's got other people's money and almost convinced that he's going to get rich.


Mon, 06/06/2011 - 21:06 | 1345451 Spalding_Smailes
Spalding_Smailes's picture

Perfect ... But, but, but ....


I don't have time for virtual trading. ( intraday ) day in day out


I'll post 10 stocks for everyones viewing ( now ), you post 10 ( now ). Then we wait the 12 weeks. 


Or you can't  trade that far out , lol'


Loser gives ZH $100


Every stock over 10% 1 point. Over 20% 2 points same rules down -1, -2 ect most points win. Why use another site ? I'll wipe your ass now picking 10 and letting um' run for 12 weeks...... Or you need a little computer giving you intraday entry / exit points like a mindless fool ?

Mon, 06/06/2011 - 21:11 | 1345478 CPL
CPL's picture

That's not called trading...that's called bag holding.


How about this.  I'll let you bag hold and I'll offer you the advice of 20 years.  Don't trade right now unless you close your bank by noon or 2:30.


I don't play good money on a retarded market.  or do you want to something a little higher stakes?


I'll start with 3k, you start with 200k and I'll race you to the middle.  We can play stakes with covestor.  Public trading real time connected to our trade accounts.


Mon, 06/06/2011 - 21:13 | 1345494 Spalding_Smailes
Spalding_Smailes's picture

Lets bag hold then ....


You got 10 yet ?

Mon, 06/06/2011 - 21:22 | 1345518 CPL
CPL's picture

Rules are this though and we can enforce them...can't reflect trades (IOW I buy, you are locked out of buying it btw).  Gotta buy your own crap and do your own trades.

I don't trade like that.  I day trade x3 etf's.  here's some old tools.


I have an HFT and a trigger finger run with a robot.


First one to 300k in a month wins.  I'm still starting with 3k.  The game is easy.   Winner buys the loser a beer.

Mon, 06/06/2011 - 21:25 | 1345530 Spalding_Smailes
Spalding_Smailes's picture

Well I don't trade like that.


How much did your platform ( hft ) cost ? Or what desk do you work with GS - William Blair - JPM ???


I just buy and hold. Year number two is much better than one

Mon, 06/06/2011 - 22:00 | 1345621 CPL
CPL's picture

I'm an engineer, built my own, this is my living.  The math is mine, the bot is mine and no it's not forsale.  I like to win.  I live in the middle of bum fuck nowhere Canada on Satellite internet because dialup is the only other option.  Never worked for GS or JPM, they hired some slob Russian to build crap.  I have made sure that none of you die from trucks, cars, trains or planes as my past career as an Engineer demands that.  GS and JPM build a bot to do sloppy trades.   I don't, I build stuff that runs like it was built by Russians, Indians or Chinese.  I am my own outsourcing agency, this is my hobby now.


Do not buy and hold.


Sure you don't want to play paper trades?  Winner buys the loser a beer.   Somethign to be said for a system I can't game.  Reminds of trading before 98.

Mon, 06/06/2011 - 22:37 | 1345722 CPL
CPL's picture

So if YOU DON'T want to learn how to trade.  I can close down the game right now.  You can follow the trades on VSE, record the plays, play along  AND...get this


Make a mistake with funny money.  You can pretend you are big time with the big mouth.  Or you can shut up and listen with your ears, and not with your mouth. 


For fun I promise to trade on VSE and train as I have time.  There is zero corn crop coming in this year.  And I have time on how to play the greatest garbage of moron games of flipping stocks.  Want a hard game?  Play risk online, multiplayer with an 11 year old in Togo that knows nothign but that game.  Rules are simple, yet all can be bent to win.  Same nonsense with money.


i ask you though.  DO NOT RISK YOU and YOUR FRIENDS MONEY.  If you are ahead, DUMP IT and stay perfectly still.  The first duck out of the bush is for supper.


Anycase...I'll make a trade in and out tomorrow...then the next day...and the next.  It will be of my 20 picks I'll look at first thing in the morning.  Day trading...or trading involves pressing the sell button just as much as the buy button in the same day.  Come lear how to do it.  it's like watchign assholes gamble at the casino, but there is no limit on a table.

Mon, 06/06/2011 - 22:44 | 1345750 Land of the Ris...
Land of the Rising Sun's picture

CPL.. sometimes, just sometimes I get the feeling you're a very looooonly person. Sleep every now and then, would you?!? And then back to business, you're on the right path...

Mon, 06/06/2011 - 23:06 | 1345780 CPL
CPL's picture

Never when it counts.  I run for 36 hours at a time.  Then crash.  There is no right path, just what needs to be done properly to help others and yourself.  I also use a voice recognition system to type and do around four things at once while posting back.


Dragon dicate is a nice tool once you figure out how to speak, type and use a mouse at the same time on three monitors.


With nothing to do this summer, I'm going to start writing again.  Corn start season is over, too wet and a waste of money overwise.  I'm going to start writing on the usual crap.  Trading, tech and how to do both.

Mon, 06/06/2011 - 22:00 | 1345629 Yen Cross
Yen Cross's picture

 Spalding Catch a nap and trade Europe!

Mon, 06/06/2011 - 22:22 | 1345693 Temporalist
Temporalist's picture

Don't have time for virtual trading but has all day to reply on ZH to shout down PMs from his assclown piehole.

Mon, 06/06/2011 - 22:39 | 1345735 CPL
CPL's picture

If he's the smartest of the truck drivers with their life savings.  He's riding alot on what he doesn't know, yet doesn't understand it yet.  That's the worst situation to be in.


Show up with promises and nothign to offer.  Sad really.

Mon, 06/06/2011 - 21:03 | 1345463 CPL
CPL's picture

See you there tommorrow jack ass.  Fake worries.  Trade the way you want.  Game on june 7th.

Mon, 06/06/2011 - 22:22 | 1345701 GoinFawr
GoinFawr's picture

Heh,  I detected a fade to 'conciliatory' in SM's tone as that exchange progressed.

Mon, 06/06/2011 - 22:33 | 1345716 Spalding_Smailes
Spalding_Smailes's picture


He can't pick 12 weeks out and I dont have a hft platform .... Not a fair bet you can't beat hf intraday

i cant

Mon, 06/06/2011 - 22:46 | 1345754 CPL
CPL's picture

No trader picks 12 weeks out.  Hasn't happened in six years.  Everyone wants to be Cramer.  But in reality it's pushing lead through mud with assholes shooting at you.  Cramer can shoot from his hip, but i would trust that man with the last stick of silve on the PLANET and expect three beans that grow radioactive skunks.


12 weeks out...whatever....what the hell does a 12 week look in the future look like?  swear it's like a contingent of assholes found a discount book bin from 2003 and said "this is an AWESOME idea."  So extreme...sarcasm intended...

Mon, 06/06/2011 - 23:39 | 1345859 Hooter Shaker
Hooter Shaker's picture

Sure kid, everyone is a player on the net.....Now beat it before someone gives you a snuggie.

Mon, 06/06/2011 - 20:12 | 1345290 oddjob
oddjob's picture

 On pace for 100,000k in my first year. Truck number two looming ....

$100,000,000, you are doing well.

Mon, 06/06/2011 - 20:18 | 1345296 EscapeKey
EscapeKey's picture

Rule number one - when an interweb poster is desperate to tell you how well he's doing, he's lying.

Honestly, the amount of interweb billionaires I've met is astonishing; in real life... not so many.

Mon, 06/06/2011 - 20:32 | 1345338 Spalding_Smailes
Spalding_Smailes's picture

My truck is running by 4:30 a.m. everyday.

Living / working / 15 minutes from the largest industrial park in the USA helps and Chicago is a hub for freight.

Mon, 06/06/2011 - 22:06 | 1345646 Ahmeexnal
Ahmeexnal's picture

Now we can be certain you lie. No industrial parks left in the US.

Mon, 06/06/2011 - 22:14 | 1345681 Spalding_Smailes
Spalding_Smailes's picture

Elk Grove Village 4 min from O'hare International Airport

The entire town thousands of businesses

Tue, 06/07/2011 - 03:24 | 1346114 HungrySeagull
HungrySeagull's picture

There are some BIG Industry. Some Civilian and some Military.

Memphis is shitfull of Distribution. How else can I get a computer part the next morning from there overnight on a free 3 day UPS standard delivery.

Mon, 06/06/2011 - 20:37 | 1345349 CPL
CPL's picture


It's a coincidence, I'm multi-trillionaire Batman missing three teeth with laser vision.  I also have hercules like strength when eating steak in expensive resto-bars and own twenty very expensive fast cars of european origin. 

On Tuesday...I like to kick out all the super models of my bed after the orgy fueled by 20 year old wines I have cases of and bathe with on occassion. 

Then On weds I kill ninjas in prearranged thumb wars with internationally recognized organizations, that nobody has heard of


On thursday I visit my mother...


On friday, it's like the rest of the week, but on the Moon with laser rifles and swimming in jello shots.


God it's awesome being 40ish turning 10 on the internet...I would tell mom, but I'm not allowed to scream from the basement anymore.

Mon, 06/06/2011 - 22:59 | 1345792 BobPaulson
BobPaulson's picture

OK, I laughed there.

Mon, 06/06/2011 - 20:50 | 1345404 tmosley
tmosley's picture

LOL, more lies. Sure, truck drivers don't lift a finger, especially not when they are FURNATURE DELIVERY BOYS.

Also funny that you call a scientist a "nigger".  I guess you call the sky "a cow", and the color orange "plastic".

This is why no-one pays attention to you.

Mon, 06/06/2011 - 19:18 | 1345091 Spalding_Smailes
Spalding_Smailes's picture


Several marquee silver producers forecasted a drop in silver prices and took necessary precautions such as selling several mining sites. Many companies also increased hedging. Hedging programs allow producers to lock in current silver prices for future production, guarding against any potential price declines in the future. Banks which execute these forward sales borrow silver from the spot market, which reduces the physical supply of silver temporarily. Analysts warn that an increase in hedging could be taken as a bearish signal for silver prices as it directly increases selling pressure in the market.

Mon, 06/06/2011 - 19:29 | 1345130 tmosley
tmosley's picture

I note that you are unable to tell the difference between the spot market and the futures market.


Mon, 06/06/2011 - 19:45 | 1345203 Manthong
Manthong's picture

How do they settle with the Australian, Shanghai and Hong Kong markets regarding deliveries?

Seems it always gets bid up over there and whacked over here.

How do they deliver over there?

Do they get physical and we get paper or what?

Anybody know?

Mon, 06/06/2011 - 21:38 | 1345577 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

The spot prices are derived from the paper futures markets.  The physical market adjusts to changes in physical supply and demand by adjusting premiums, but that does not preculde the fact that spot prices are derived from the paper futures markets.


Tuco Benedicto Pacifico Juan Maria Ramirez

Mon, 06/06/2011 - 19:30 | 1345134 Clint Liquor
Clint Liquor's picture

Several marquee silver producers

Name one, asshole.

Mon, 06/06/2011 - 19:32 | 1345150 Spalding_Smailes
Spalding_Smailes's picture

Fuck you tool ...


Come around after the 50% plunge, please ....

I'll serve you some crow soup like I stuffed down T. Bag's gullet last month 

Mon, 06/06/2011 - 19:45 | 1345188 tmosley
tmosley's picture

Blah, blah, blah.

Silver may fall another 50%, but it won't be the physical, only the paper, and it will be accompanied by rapidly falling COMEX inventories and/or a publicly acknowledged default.

But then, a delivery boy such as yourself wouldn't understand that.  Sort of like how you don't understand that now might just not be the best time to open up an import business (as the dollar is a few points off its all time low, and trending down).

It also amuses me further that you can't name the hedging miners, and have to resort to ad hominem.  You clearly don't know what you are talking about.

Mon, 06/06/2011 - 19:55 | 1345219 bob_dabolina
bob_dabolina's picture

You don't know a fuckin' thing about silver tmosely. In fact, you don't understand much about anything finance/economics related. 

Why don't you stick to highschool biology blogs? Isn't that your expertise? 

Mon, 06/06/2011 - 20:08 | 1345265 Spalding_Smailes
Spalding_Smailes's picture

Long term ZH readers have seen T. " Koresh Abdula Ali Pepperoni Doomer™ " Mosley make a total ass clown of said self. 

Do NOT follow this link or you will be banned from the site!