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Commodity Complex Pummeled In Preparation For QE 3

Tyler Durden's picture


Not at all surprising, the entire commodity complex just swooned, supposedly on the latest DOE inventories data, which saw a surge to 2878K versus expectations of -1600K, up from 616K previously (same surge in gasoline inventories, which surged to 2553K on expectations of 900K). We say not surprising, because crude, and thus all the other uber-correlated commodities, needs to drop at least $10-15 from here before the Fed can then proceed to triple its price once the money from QE 3 start sloshing around. We expect significant more downside weakness in Crude as the realization that QE 3 is inevitable finally dawns on Wall Street. Remember the Catch 22: everything (commodities, stocks, etc) has to go far lower, before everything surges yet again post the next monetary easing episode.


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Thu, 06/02/2011 - 11:23 | 1332372 hedgeless_horseman
hedgeless_horseman's picture

Stable prices since 1913, bitchezzz!!!

Thu, 06/02/2011 - 11:49 | 1332516 idea_hamster
idea_hamster's picture

Relax -- it's not the Fed.

It's probably just GS's prop desk freeing up cash to slush Unnamed Coconspirators 1-20.

Thu, 06/02/2011 - 11:52 | 1332532 carbonmutant
carbonmutant's picture

QE3 is a wet match...

Thu, 06/02/2011 - 12:22 | 1332659 Idiot Savant
Idiot Savant's picture

The QE half-life is certainly getting shorter. We're not even getting high anymore, just maintaining the buzz.

Thu, 06/02/2011 - 12:00 | 1332564 Bam_Man
Bam_Man's picture

And don't forget the "full employment" part.

Federal Reserve Act of 1913 = Epic Fail.

Thu, 06/02/2011 - 12:12 | 1332621 jus_lite_reading
jus_lite_reading's picture

A little off topic but.... a boy sells his kidney to buy an iPad2!!!! WTF??


Thu, 06/02/2011 - 11:21 | 1332373 mogul rider
mogul rider's picture

If you think you are ahead of the curve


Look again,


You just got bent over

Thu, 06/02/2011 - 11:38 | 1332456 Bay of Pigs
Bay of Pigs's picture

Mr Rear View Mirror speaks again. It's almost like you are glad to see PM's drop.

Printed $1539.50 on the London PM fix today. A whole dollar away from an all time high dickhead.

Thu, 06/02/2011 - 11:58 | 1332555 Bastiat
Bastiat's picture


Thu, 06/02/2011 - 14:30 | 1333322 mogul rider
mogul rider's picture

yo deuchebag - your painting gold in toilet paper ya moron.

Get a real currency, it is down 20 bucks.

It's down becuase you fcucking pumper morons are buying the bullshit play,

If gold is not risky why is it getting sold fool boy

It's called pump and dump stupid. Keep buying,

I need an idiot to buy the top like you do every other fucking time. , thanks

Thu, 06/02/2011 - 14:40 | 1333371 Bay of Pigs
Bay of Pigs's picture

Gold down less than 1%.

You call it a crash. LOL.

I call you a useless troll.

Thu, 06/02/2011 - 15:21 | 1333561 trav7777
trav7777's picture is down $5.50 last I looked, dipshit

Thu, 06/02/2011 - 12:13 | 1332629 downrodeo
downrodeo's picture

LOL, good one...

Thu, 06/02/2011 - 11:21 | 1332380 tmosley
tmosley's picture

Damn.  Glad I waited.  Let's see what happens by next Wednesday.  

Thu, 06/02/2011 - 11:32 | 1332411 tekhneek
tekhneek's picture

Same here. Almost pulled the trigger on another 100oz last night but decided to wait.

I think this is 1 of 4 more  big dips. I'm expecting a low of around $30/oz honestly (just using charts to come up with that #, seems like silver overshoots the moving average on retracements by about 6-8% then shoots back up). Right around the time the COMEX dries up, or gets very very low on claimable inventory.


Thu, 06/02/2011 - 11:32 | 1332449 TheTmfreak
TheTmfreak's picture

I don't personally think the price of silver is going to be effected by inventories of comex for awhile. Maybe a year? Just depends on how much cheap silver people are willing to buy once deflation starts (if no QE3).


Thu, 06/02/2011 - 11:48 | 1332505 tekhneek
tekhneek's picture

Eh, I beg to differ. Silver's a very small market and as the available supply starts to dwindle and reduce it becomes that much more likely that large investments for delivery will look a bit more serious than they used to because inventories are so low right now. That's not to say they can't play that game and stock that shit right back up necessarily, just think that it could play a part.

Supply/demand kind of thing.

Thu, 06/02/2011 - 11:49 | 1332526 TheTmfreak
TheTmfreak's picture

Well if you look at the steady decline of Comex (what they claim 5% of the total market available silver) it has declined in a pretty steady rate that if you were to continue projecting out its something like 3 years till it hits zero. (at the same steady rate). I think it has a good chance of speeding up, but I personally don't think in a few months its all of a sudden going to be a big deal.

Since we already believe that the paper market and physical are starting to seperate, for the price to jump back up to what we claim is the "real value" I think we all can agree that it will take a serious shock for that to happen. I'm sure "they" can cook the books and inventory levels long enough for this process to play out for awhile.

Thu, 06/02/2011 - 11:51 | 1332529 tekhneek
tekhneek's picture

Oh no definitely not a few months. I see this coming to a head sometime in 2014-2015. I'm acquiring as much as I physically can either way. I know at some point it has to collapse.

Thu, 06/02/2011 - 11:54 | 1332543 TheTmfreak
TheTmfreak's picture

Ok we are definitely in agreement then. Although I say, I think well before 2014 we'll know the answer to this one.



Thu, 06/02/2011 - 11:59 | 1332548 trav7777
trav7777's picture

Comex is NOT the "available supply" of gfd silver, ok??!?

It's a FUTURES exchange that is INTENDED to be cash-settled, so real producers of real silver can hedge production.

How many times do you idiots have to be told this??  Comex's warehouses are a legacy function and a total anachronism.

Real consumers and real producers of silver negotiate their OWN supply contracts.

Thu, 06/02/2011 - 11:58 | 1332557 tmosley
tmosley's picture

Hey dipshit, you don't know what you are talking about, so shut the fuck up.

You can "tell" us your false facts as many times as you want, that doesn't make them true, you mass murdering psychopath.

Thu, 06/02/2011 - 15:25 | 1333579 trav7777
trav7777's picture

2010 mine supply 736Moz, moron.  You don't honestly believe that COMEX is like a fuckin supermarket for silver, do you?

Can you get at least ONE thing right?

Thu, 06/02/2011 - 17:47 | 1334078 tmosley
tmosley's picture


Christ, you are such a fucking idiot.  You can't even open your mouth without getting shit over everyone.

COMEX moves 5% of world silver supply.  You, on the other hand, claim it moves ZERO.  This is bullshit.  And you know all about bullshit, being full of it, with a full view of it from having your head up your ass.  A fucking one man human centipede.

But ask yourself this, numbnuts:  How many paper contracts move on the COMEX?  What happens when people notice that the amount being traded far, FAR exceeds the amount of silver in the warehouses?  What happens when a bunch of guys see the trend in COMEX inventory, and decide to stand for delivery?  What happens when all that volume flees the exchange after it is broken?

But you don't like questions, do you?  You only deal in "certainty", like "humanity is going to starve for ever and all time cause der ain't nuh mur oil".

Thu, 06/02/2011 - 12:15 | 1332636 tekhneek
tekhneek's picture

The amount of silver available at the comex, isn't the available supply of silver at the comex, got it.

People that call for delivery of physical silver from the comex aren't using it right, they're supposed to settle in cash, got it.

Real consumers and real producers negotiate their own contracts, because everyone at the comex is just kidding about their silver, it's not as real as the other producers, got it.

We should probably ignore other mints and places that have large silver inventories, too. It makes more sense to blindly know what the supply is when you're creating your own imaginary demand.


Thu, 06/02/2011 - 15:23 | 1333584 trav7777
trav7777's picture

the supply AT comex is not ALL of the supply of silver, idjit

Thu, 06/02/2011 - 15:35 | 1333630 TheTmfreak
TheTmfreak's picture

I don't think anybody is implying it is.

While I'll agree that it does seem that alot of people assume that it is. However, I find it hard to argue that if they go under it wouldn't send "shockwaves" through the market.

Thu, 06/02/2011 - 17:18 | 1334006 RafterManFMJ
RafterManFMJ's picture

Ordered 60 oz. from gainsville during the last big drop on May 1st. Just got an email today, saying it is shipping.

Thu, 06/02/2011 - 18:26 | 1334166 TheTmfreak
TheTmfreak's picture

Yeah my girlfriend is just now getting hers and she ordered about the same time.

Although out of nowhere Apmex all of a sudden got a supply in, everything become stocked, and their premium dropped. Should have went with them. But who knew at the time..

Thu, 06/02/2011 - 19:29 | 1334331 tmosley
tmosley's picture

Yup, Sunshine Mint 1oz rounds are $1 over spot, any quantity, but only until tomorrow.

I am considering buying, but I feel like this is going to carry over into next week at least before they make with the QE3, or QE-lite2.

Thu, 06/02/2011 - 17:46 | 1334086 tmosley
tmosley's picture

I don't know ANYONE that assumes that.  Only retard boy here thinks that there is NO metal traded.  As in ZERO, ZIP, ZILCH, ZETC.

We all know there are lots of other sources for metal.  In fact, I doubt if more than 1% of readers here has ever taken delivery of a contract, or even traded one.  But plenty have bought physical silver from other sources.

Basically, Trav is the ultimate strawman slayer.

Thu, 06/02/2011 - 11:56 | 1332549 Ergo
Ergo's picture

Last time I bought physical silver, the price was just bouncing off the low around $27-28.  (paper profits from April are going to my taxes and my wife's new SUV - wow is it nice, and sparkly silver too). 

I'm concerned we'll retest that low again, or perhaps even visit the mid 20's.  With falling inventory, the CRIMEX has a big motive to punish longs.  With QE2 ending, they have the means to punish longs.  And thus the end of June and beginning of July is going to be just nuts. 

I should probably buy some puts, but I'm reluctant to bet against the silver juggernaut.  This is a dangerous market for a non-professional trader, with a day job.  So I'll be on the sidelines.   Happy hunting to all!

Thu, 06/02/2011 - 12:24 | 1332670 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

I've said it before...if the price goes under $30 just try and get your hands on some physical, anywhere...good luck

Thu, 06/02/2011 - 11:26 | 1332412 trav7777
trav7777's picture

So that $49 by the end of 3 weeks ago is not gonna happen?

Thu, 06/02/2011 - 11:36 | 1332447 tmosley
tmosley's picture

5 margin hikes will do that, and shifted us into the next phase of the COMEX collapse.

But you wouldn't understand that, as you spend all your time puzzling over the size and shape of the brains of mulattoes and quadroons, and thinking of ways to destroy the human race via mass sterilization.

Thu, 06/02/2011 - 11:38 | 1332477 Alienated Serf
Alienated Serf's picture


Thu, 06/02/2011 - 11:43 | 1332484 tekhneek
tekhneek's picture

Man. I took a break from ZH for a few weeks and I come back to the same old trav, same old tmos. It's beautiful.

Love/hate it, the shit's hysterical.

Thu, 06/02/2011 - 12:24 | 1332668 mick_richfield
mick_richfield's picture

I would just like to mention that if I were designing trolls to mess this site up, I would always design them in pairs.  Matched pairs.  I think that would be a much more effective way of engaging a large percentage of the site's energy in their discussions, don't you?

And above all, I would be sure to ...

Oh, just a second.  Somebody's at the door --

Thu, 06/02/2011 - 12:27 | 1332686 Fiat2Zero
Fiat2Zero's picture

Man you're good, I never thought of that one. It's like the liberal left and the conservative right. Confine all thought to shouting between two false poles.

Thu, 06/02/2011 - 12:49 | 1332758 Rynak
Rynak's picture

Stop giving them those "ideas".

Thu, 06/02/2011 - 13:34 | 1333015 High Plains Drifter
High Plains Drifter's picture

who was at the door?  the ups man, wanting you to sign for some very heavy boxes? 

Thu, 06/02/2011 - 13:46 | 1333101 Cash_is_Trash
Cash_is_Trash's picture

knock knock, Auric Goldfinger

Thu, 06/02/2011 - 13:50 | 1333102 Cash_is_Trash
Cash_is_Trash's picture

knock knock, Auric Goldfinger

Thu, 06/02/2011 - 13:55 | 1333147 mick_richfield
mick_richfield's picture

Three guys from a black helicopter offering me a big cup of Shut the Fuck Up.    :-)

Thu, 06/02/2011 - 11:45 | 1332489 BobPaulson
BobPaulson's picture

Ouch. I guess I haven't been following close enough to catch you guys scrapping. Was there a thread on racism somewhere back there I missed?

Thu, 06/02/2011 - 13:00 | 1332840 tarsubil
Thu, 06/02/2011 - 13:46 | 1333071 tmosley
tmosley's picture

lol, someone saved it.  Thanks for saving me the effort of looking that up again.  I only saved it on my home computer.

I should note that due to complaints about the length, I have retracted the last sentence, and will simply be sure not to let anyone forget what a monster he is without constantly reposting that rather long document.

Fri, 06/03/2011 - 10:13 | 1335754 BobPaulson
BobPaulson's picture

Thanks. It's important to not censor posters like that. It's tedious but you need to let them scream their hate at the top of their lungs so the holes in their arguments are self evident.

The first hint that can always tip you off is when they claim to be part of a minority of highly intelligent people. The minute you hear this you can pretty much put your earplugs on. Psychologically it's a pretty predicatable behaviour: variations of this are joked about by Shakespeare in Hamlet "The lady doth protest too much, methinks.". The most obvious things require the least amount of strenous debate. 

Thu, 06/02/2011 - 11:41 | 1332490 trav7777
trav7777's picture

couple didn't caveat your prediction despite the KNOWN and foreseeable risk of margin hikes, which did what exactly?  They CHASED OUT speculative LONGS who were not real buyers.

You should SUPPORT those margin hikes in between bleating about "manipulation."  The reality is that you LOVE manipulation so long as you can coattail ride and appear to be somehow prescient.  In reality, you're a broken clock dipshit.

Secondly, mass sterilization would *not* destroy the human race.  Reproductive rates for the fertile would rise.  We'd end up with a dramatically more intelligent population most of whom would not fall prey to the type of bullshit that governments use all the time to bamboozle people of low IQ.  You really ought to take a gander at IQ and the Wealth of Nations or visit any of the LEGION of studies that demonstrate higher r between IQ and scholastic and socioeconomic outcome than with any other factor.  In fact, improving average intelligence would be the single most significant thing that could be done in IMPROVING the human condition worldwide out of anything.  Over the past 100 or 150 years of the oil age, this factor ALONE has led to a gigantic improvement in living conditions.

You call yourself a fuckin biologist?  You claim to work on genes and you don't understand the hereditability of IQ?  These two facts cannot coexist.

The reality is that you want humanity to destroy itself so that you can be a slumlord.  This is the truth of the matter.  You are a small man in so many ways, and you hope for a total collapse to somehow make you big merely by cutting everyone else in half.

You opine about the future "starving masses," and your stupid farm all the time.  People like you don't want solutions, you want misery and destruction so you can hopefully profit from it.

Thu, 06/02/2011 - 11:54 | 1332544 tmosley
tmosley's picture

Uhh, yeah, I said they would play lots of paper games.  This is why I said specifically NEVER BUY PAPER.  I outlined a few potential winning strategies that used paper, and also why I don't use them, and why they are risky.  But you ignore this, because you have a vendetta against me, and indeed, againts all independent thinkers on the earth, whom you would sterilize along with the mulattoes and quadroons you hate so much.

The manipulation was not in the margin hikes, nor was it in their size.  It was in the fact that they changed the requirement EVERY SINGLE DAY!  You seem to think this is normal behavior, but I challenge you to find me ONE SINGLE OTHER EXAMPLE of such behavior on any other exchange in the history of the planet.

Also funny that you think so much of humanity would simply accept being sterilized.  What the fuck is wrong with you!?  You want to give the GOVERNMENT this power!  You know, the one you are claiming to defend against with this action!

You blather on and on about how we are all going to die next Thursday because of peak oil, even as you dismiss scientific progress that is documented in peer reviewed journals like the ACS (ie ionic liquids) with the (totally idiotic) hand waving argument that it is from a "single university".  That is the dumbest fucking thing I have ever heard.

Yes, I know a lot about biology.  For example, I, unlike you, know that bacteria in a sealed flask will NOT simply grow until they have consumed all the nutrients and then die.  They QUORUM SENSE (ie detect how many other bacteria are around), and then slow down their reproduction and consumption.  They form a biofilm, which is almost impossible to kill save by blasting it with oxidants.

Further, I understand the necessity of biodiversity.  You kill off 97% of the population, what happens when some plague comes and kills off everyone with the "smart gene" you have so violently selected for?  What happens when greater IQs could be gained via two or three base pair mutations, which take more than one generation to accumulate?

Face it, you are a mass murdering asshole who doesn't know what he's talking about.  Go dump some laundry soap on Fukushima and let the adults have their discussion.

Thu, 06/02/2011 - 12:09 | 1332610 scratch_and_sniff
scratch_and_sniff's picture

I remember a story about a guy wanting to collect sperm from Nobel prize winners. He approached a physicist, forget his name, and asked him for a sample. After having questioned him on his motives, the physicist put him straight by telling him that he only fathered two kids; one was a failed guitarist, and the other one was a drug addict. Then told him that if he wanted good sperm he should contact his father...who was janitor. And if you kill all the retard janitors, who’s going to clean up the shit…and father Nobel physicists?

Thu, 06/02/2011 - 12:21 | 1332653 TheTmfreak
TheTmfreak's picture

This just goes back to justify my statement about "potential ends." Its an extreme assumption to have to think that you should justify murder or removal of rights based on something that is clearly faith based. I fail to see the reasoning to take drastic irreversible actions based off of possibilities in the future (some sort of perfect race).

Nobody has such kind of omniscient powers. More often than not there are extreme unintended concequences. Look at over-active government policies such as the HUD which were intended to help the poor, but only have put them in a worse position. They thought ends justify means, and the ends wasn't even what the ends was predicted.

Thu, 06/02/2011 - 12:25 | 1332683 tmosley
tmosley's picture

That is a great anecdote.  Thanks for that.

My grandfather was a postal worker.  One son became a scientist, the other an engineer.  Similar story.  He was not a highly intelligent man, and died early from a heart attack.  Trav probably would have sterilized him, and the world would have lost a lot of productive capability for it.

Thu, 06/02/2011 - 12:46 | 1332732 Alienated Serf
Alienated Serf's picture

trav loves eugenics and the master race.  



Thu, 06/02/2011 - 15:32 | 1333612 trav7777
trav7777's picture

judging from the absolutely stupid shit you say, no, I think the world wouldn't have lost much other than yet another idiot.

Thu, 06/02/2011 - 17:47 | 1334089 tmosley
tmosley's picture

My uncle is a peak oiler like you.

Well, not like you, because he isn't a humanity destroying psychopath.

Thu, 06/02/2011 - 15:31 | 1333605 trav7777
trav7777's picture

sigh...that's a great anecdote.

And that's exactly what it is, an anecdote.

It's not a statistical generalization.  Random genetic lottery winners come from the dumb and the smart.  My purpose is solely to raise the IQ of the AVERAGE member of society more rapidly than the Flynn Effect will do it.

Thu, 06/02/2011 - 15:40 | 1333636 scratch_and_sniff
scratch_and_sniff's picture

A madman is not someone who has lost the power to reason, a madman is someone who has lost everything apart from the power to reason. As i said below, if you want raise the IQ rate of certain races, why dont you implant them with super-sperm and educate the offspring within the Ivy league’s , instead of taking the executive decision to commit genocide by proxy.

Thu, 06/02/2011 - 15:41 | 1333641 TheTmfreak
TheTmfreak's picture

Anecdotes have no place? I guess anecdotes don't make up statistics?

Putting all your chips in with statistics? I believe thats a fundamentally flawed position.

Completely discounting anecdotes is about as stupid as implying that statistics generalizations are superior.

Thu, 06/02/2011 - 12:26 | 1332675 meizu
meizu's picture

what about the 6 consecutive interest rate hikes that burst the Nasdaq bubble in 2000

Thu, 06/02/2011 - 12:34 | 1332694 Texas Gunslinger
Texas Gunslinger's picture

It was in the fact that they changed the requirement EVERY SINGLE DAY!  You seem to think this is normal behavior, but I challenge you to find me ONE SINGLE OTHER EXAMPLE of such behavior on any other exchange in the history of the planet...

yet again, you have absolutely no fucking clue what you're talking about.  Through the first week of May, the CME changed margin requirements 57 times this year - 57 times, you fucking freak!  The issue is NOT that they hiked requirements; it's that the price of silver was being driven by mania rather than fundamentals, and those hikes finally shook out the weak speculators who had driven the price to artificial levels. This then had a cascading effect.  As Trav says, you should be fucking thankful for the CME, as this flushes out what prices are real and what is built on speculative quicksand. The CME was merely responding to extreme volatility, which is exactly what it is suppose to do, and has done repeatedly in the past.  Your conspiracy bullshit regarding the CME or the Comex or whatever is nothing more than you not truly understanding the truth.  In the absence of truth, some seek to understand while others contrive conspiracy.  You've demonstrated your path. 

Tmosely - you may be able to dupe the ignorant lemmings, but your ignorance (and hypocrisy) eventually reveals itself to those who know better.  I'm not a troll, nor RNR, nor MM nor any other ghost haunting you from your idiotic posts in the past.  I'm just someone who knows more than you. You're such a fucking clown, it's ridiculous - I wouldn't be surprised if you rode to work on a unicycle with 14 dinner plates spinning on your head.  You drag down this site when you CONSTANTLY feel the need to speak about things you know NOTHING about.  Just shut the fuck up for awhile, or contribute to articles where you genuinely know something.  There is no contest to see how many comments you can write in a day, you idiot. 


Now, go apply for some government grants, you pseudo-libertarian-anarchist wannabe.


Thu, 06/02/2011 - 12:39 | 1332713 tmosley
tmosley's picture

Hurp, u r a frek!  Burr!

57 changes TOTAL!   Not in silver, but across ALL commodities!  And NEVER in the SAME one day after Day after DAY.

lol, you'd like me to be quiet, wouldn't you, Mr. Literally Paid Troll who is running a script that catches edits made within five seconds of posting and responds to them when you return to your terminal an hour later?  Yeah, because you, in fact, ARE all of those people.  You have showed that by your knowledge of conversations that occurred long before you ever registered, less than 6 weeks ago.

You are failing in your task to discredit me.  You should ask to be reassigned to the Yahoo message boards.

Thu, 06/02/2011 - 12:50 | 1332745 Texas Gunslinger
Texas Gunslinger's picture

Yeah. No shit, you lunatic. 

And there were 14 changes to silver in the past year, and three of them in November were in days of each other like the April hikes. 

Again, hiking margin requirements HAPPENS ALL THE FUCKING TIME!  THAT WAS NOT THE PROBLEM!

Just shut the fuck up for once. 


Thu, 06/02/2011 - 12:48 | 1332768 tmosley
tmosley's picture

Uh huh, 14 in 12 months, 5 of which were in a week.  NOTHING AT ALL ODD ABOUT THAT, NO SIREE!

You won't silence me.  You are too weak and stupid.  I see through all of your lame arguments, like fucking Superman with xray laser beam eyes.

Thu, 06/02/2011 - 12:56 | 1332791 Texas Gunslinger
Texas Gunslinger's picture




Thu, 06/02/2011 - 13:03 | 1332864 tmosley
tmosley's picture

Yes, I destroyed your argument, so your only fallback position was to call me a "geek", apparently because I made a Superman reference (I mean, who has ever heard of that obscure, nerdy character?).

Get. The. Fuck. Out.

Thu, 06/02/2011 - 12:57 | 1332800 TheTmfreak
TheTmfreak's picture

I had to junk you. DC comics are the worst. If you would have made a Marvel reference... well that would be another story...


Edit: Although if you would have made a Watchman reference thennnnnn I'd be ok.

Thu, 06/02/2011 - 13:05 | 1332852 tmosley
tmosley's picture

I never really read comics.  But I do know that Superman has xray laser beam eyes that can see through any kind of bullshit and melt right through it too.

Thu, 06/02/2011 - 13:15 | 1332920 TheTmfreak
TheTmfreak's picture

Junked ya again for not reading comics.

Pick up the following and you'll see how amazing good comics can be.

Or hell Kick ass. What a great book.

Thu, 06/02/2011 - 13:59 | 1333161 meizu
meizu's picture

what about the 6 consecutive interest rate hikes that burst the Nasdaq bubble in 2000

Thu, 06/02/2011 - 12:47 | 1332743 Ricky Bobby
Ricky Bobby's picture

I sold all my silver and loaded up on GM stock. It is my duty, I must serve the state.

Thu, 06/02/2011 - 13:09 | 1332876 tarsubil
tarsubil's picture

It is funny the number of personalities you have. How many people work this account?

Thu, 06/02/2011 - 15:34 | 1333617 trav7777
trav7777's picture

this was simply an institutional-level beatdown LOL

Thu, 06/02/2011 - 13:45 | 1333066 trav7777
trav7777's picture

boo hoo, you fell flat on your face again, STOP ACTING LIKE IT'S A FIRST.

It happens literally every time you open your mouth; you should be used to it by now.

The crap you just wrote about genes conclusively proves you are no biologist, Cliff.  There would be AMPLE biodiversity among the top HALF of the fucking globe, even the top THREE percent.  You'd be talking about fucking 180 million people in the latter case.  And, guess what, there'd even be blacks!

As far as bacteria, when did I EVER SAY that they would DIE?

I said that they would NO LONGER GROW.  You can't even grasp the POINT which is that expending efforts to perpetuate the IMPOSSIBLE (sustained geometric growth) are FUTILE.

That is because for you, merely thinking is itself an exercise in futility.

Next time I will use deer on an island, instead of bacteria in a dish just so that you can't disingenuously MISS the point completely.

We are consuming supplies at FASTER than replenishment rate, dipshit and we are NOT slowing down like bacteria, nor are we "sensing" overpopulation.  People like you aren't even bright enough to grasp the problem; what hope do we have?

People like you demonstrate the necessity of forced sterilization far beyond my ability to argue for it.

Thu, 06/02/2011 - 13:47 | 1333107 tmosley
tmosley's picture

You imply with your (stupid) arguments that without mass sterilization all humanity will die.  If humanity will simply stop growing, then what is the point of sterilization?

Must be plenty of room for you foot in you mouth now that I have kicked in all your teeth.

And I am NOT a biologist.  I am a chemist, who works with micro and cell biologists.  I have forgotten more about bacterial growth than you'll ever know.

You also fail to recognize the point that once you crack open the container, growth can start again.  There are numerous ways for us to crack our "container", but you refuse to even discuss any of them, simply dismissing them with a wave of your hand.  Such a high and haughty faggot.

Thu, 06/02/2011 - 15:39 | 1333634 trav7777
trav7777's picture

I have never AT ANY POINT said that humanity would die.

Let me ask you:  is it POSSIBLE for you to conduct ONE discussion without NONSTOP use of logical fallacies like strawmen?  I mean, can you fucking do it, are you at all even CAPABLE of it?

You "crack open the container." ROTFL.

Let's crack open the earth then...we'll move to where, outer space?

With each statement out of your idiotic mouth, you only PROVE to those here who either came in understanding compound math or else went through Bartlett's lecture series on Youtube that you are a COMPLETE moron and simply incapable of understanding the problem.

In the original problem, how much longer does it buy the bacteria to multiply their container's size by 1024x?  You really think we're going to find 1024x more continents or 1024x more oil production?  If people like you keep breeding, all we will have is 1024x more fuckin idiots around.

Thu, 06/02/2011 - 17:58 | 1334101 tmosley
tmosley's picture

Yeah, you did, you shitstain.  You go on and on about how humanity is like a bunch of bacteria in a bottle, how you are the ONLY ONE who saw the end coming, like you are fucking Nazi Jesus or some shit.  You don't SAY anything, but you sure as shit imply it.  You make incomplete arguments and when your metaphors are smashed, you pretend like you meant something else.

Yeah, no-one ever thought it would be a good idea to move off of the earth.  What a stupid idea!  Even after all the resources are exhausted here on Earth, and there are literally infinite resources out there, we still won't go.  Why?  Because TRAV FUCKING SAID NO.

We don't need infinity billion times as much oil, because we have better energy sources available.  Space based solar with the use of space elevators is a dandy example.  Shit, eventually we'll build a damn Dyson Sphere.  We don't HAVE to grow FOREVER, but we CAN grow for a LONG TIME.  You keep jabbering on about how "Woe is me, peak oil is past, there is no solution, humanity will do nothing but decline from now on", and you rant and scream whenever anyone introduces a new technology, or challenges your thesis.

So here's something you can do.  Kill yourself, and you will prevent the birth of an infinite number of little Travs that would take up all the space in the universe.

Thu, 06/02/2011 - 15:35 | 1333633 UnRealized Reality
UnRealized Reality's picture

You are absolutely right about the Deer reference, as I am a hunter and know the subject well. Tmosley is an ass and always twist your word to discredit you and make himself look smart. I'm not even going to respond to the ass any more.

Thu, 06/02/2011 - 15:46 | 1333665 uniman
uniman's picture

We are consuming supplies at FASTER than replenishment rate, dipshit and we are NOT slowing down like bacteria, nor are we "sensing" overpopulation.  People like you aren't even bright enough to grasp the problem; what hope do we have?

Not true.  The rate of growth all over the world is slowing down with fertility rates dropping below replacement levels as well as actual population loss in some places.  I'd also suggest that the concept of "rat race" is certainly an example of widespread awarness and "sensing" of living beyond our means in the most important sense of all.

Regarding your plans of euthanasia and forced sterilization, please allow me to suggest that people that are violently argumentative over disagreement should step to the head of the line.  But as always, be careful what you wish for lest thy receive it.

Thu, 06/02/2011 - 17:00 | 1333946 TheTmfreak
TheTmfreak's picture

Wasn't there a very sensational post on ZH not but a week ago about this? That in like 10 years the population of the earth will peak and then go downward?

I thought it was a crappy post but I'll believe the statement that fertility rates are dropping, or at least people are breeding less already.

Thu, 06/02/2011 - 17:58 | 1334107 tmosley
tmosley's picture

Yes, the population trends in play now mean that the world population is about to peak (when it does trav will be dancing in the streets, pretending he is vindicated, even as everyone around him has a better lifestyle than today thanks to advancing technology).

It's not that people are less fertile, it's that they choose not to have as many children.  Trav doesn't understand this choice, because he doesn't understand economics, or history, or much of anything else.

Thu, 06/02/2011 - 18:29 | 1334178 TheTmfreak
TheTmfreak's picture


The world is alot more competative, therefore you must consolidate your energies towards the success of less and less child. Putting all your eggs in one basket so to say. I think its a reasonable belief.

Thu, 06/02/2011 - 11:57 | 1332551 TheTmfreak
TheTmfreak's picture

Potential ends justify means? You're making alot of assumptions.

Also who says you aren't one that is sterilized? I'd say the forcible denial of fundamental rights of another is the highest form of oppression. If you tried to sterilize me you'd have to kill me first. (Oh the har harness)

Thu, 06/02/2011 - 13:46 | 1333074 trav7777
trav7777's picture

well, as my IQ is over both thresholds, I wouldn't be, but that's beside the point.

This is a sacrifice for the human race; it isn't personal, it's business.

Fuck people's rights.  Do you HONESTLY think we can continue with this notion of individual rights past when we hit the edge and we start to Easter Island the planet?

Thu, 06/02/2011 - 13:52 | 1333129 tmosley
tmosley's picture

You again show your ignorance.  Easter Island lost only its trees, and that happened solely as a result of government largess (ie, the tribal governments "created jobs" building great statues to glorify themselves until the trees were gone).  If you had lived on Easter Island, you would have cut down all the trees to make sterilization apparatuses, and the population would have just been less when Europeans arrived.  On the other hand, if I had lived on Easter Island, I would have introduced them to such concepts as "private property", which would have protected the trees from being completely used up.

Further, if we must cede our rights to mass murderers like you to live, I'd rather die.  Actually, I would rather fight you to the death.

Thu, 06/02/2011 - 15:43 | 1333649 trav7777
trav7777's picture

Easter Island lost only its trees...ROTFL.


JFC, you are a dipshit.  You know the only reason I respond to you anymore is because I like abusing you?

Your fucking "private property" HAHAHAHAHAHAHAHA...let's see here...oil in the USA was private property and it peaked in 1970 and has declined 40% since. 

Just. Shut. The. Fuck. Up.

Thu, 06/02/2011 - 18:03 | 1334123 tmosley
tmosley's picture

Oil isn't trees.  I don't know if your little brain can comprehend that.  Further, I don't know if you noticed, but we, in fact, still have oil.  We will never not have oil.  Because of private property.  It might get very, very expensive, but it will always be there for those who want it (but who would with all the new technologies coming down the pike?).

Also, no, Easter Island used trees for two purposes.  First, to build boats.  Second, to haul big assed stones around in the name of their mighty leaders.  There were and still are plenty of grasses and small brush to use for fuel.  They didn't have industry.  The didn't have science, all they had was big government, something you LOVE, because you can use it to erect huge statues to yourself while you go about sterilizing the populace for no actual logical reason (by your own admission you no longer have any reason to sterilize anyone, because populations stop growing on their own even without starvation).

You are a retard.  Sorry :(

Thu, 06/02/2011 - 14:03 | 1333187 TheTmfreak
TheTmfreak's picture

You're just spouting nonsense without actually making any real arguments.

IQ eh? Yes like thats really a meaningful scale... About as qualitative and subjective as they come. Also perhaps you forgot that IQ deals with "intellectual capacity" not intelligence.

Sacrifice for the human race? haha ok. Arbitrary winners and losers based off of what? Mob rule? Like that makes any sense. Again, faith based, psuedo-intellectual arguments.

And uh yes. I dont' think you realize that individual rights exist regardless of whether or not you want to "believe them." If you attempt to deny my rights, I'll stop by by force. Force should always be met with force.

Thu, 06/02/2011 - 15:41 | 1333655 trav7777
trav7777's picture

another you travel in packs or something?

I said that IQ has a higher "r" to various outcomes than other factors.  You clearly did not know what this meant which is why I wrote it as such.

What this means is that you are ignorant and need to extract your head from your ass and go educate yourself.

When you actually look into IQ, you will begin to discover there are some painful truths lurking there which will turn your stupid world upside down.

All you "red pill" talkers are all full of fucking shit.

Thu, 06/02/2011 - 17:05 | 1333958 TheTmfreak
TheTmfreak's picture

You have an unhealthy addiction to this IQ nonsense. I'll just leave it at that.

Your entire "scheme" revolves around this crutch of an assumption that this subjective test the "IQ" test is the perfect thing to "weed out" and select those unfit for continued existence. What a bunch of bologna.

Thu, 06/02/2011 - 16:06 | 1333739 uniman
uniman's picture

well, as my IQ is over both thresholds, I wouldn't be, but that's beside the point.

Assuming this to be true, purely for the sake of argument...

There are many dimensions of quality for people and raw "intelligence" is only one of them.  Emotional maturity and calm demeanor are two other dimensions that immediately come to mind. I suggest that a major problem in the world today is in fact that there are too many intelligent people out there.  They have been very successful at making the system so twisted and complex that only they and their great brains can understand and cope with it, while simulataneously pushing the lesser monkeys out of the tree.

One enabler of their conquest of the trees is that their great minds hold malevolent memes such as

Fuck people's rights.  Do you HONESTLY think we can continue with this notion of individual rights ...

This may enable the greater apes to hump real she-apes instead of their hands or plastic dolls, but historicaly it's short term glory.  Eventually the lesser apes will obtain fire.

Considering that plant Earth is just 1000x Easter Island, I agree we need to figure out a good way to co-exist.  Euthanasia and forced sterilization would probably be easier said than done and may well stir up more trouble than it solves.  However, if it must be done, I think it would be far better to have an island of ordinary people who respect each other's rights and who can just get along, than to have a bunch of argumentative and troublemaking silver-tongued devils.

Thu, 06/02/2011 - 17:08 | 1333972 TheTmfreak
TheTmfreak's picture

Some at least rational and cool thinking.

For what its worth, I can appreciate this post.

Thu, 06/02/2011 - 12:03 | 1332561 scratch_and_sniff
scratch_and_sniff's picture

lol steralization. Trav, why dont you get the "ball rolling" and chop off your sack? Set a good example, stick it on youtube, make something of yourself.

Thu, 06/02/2011 - 12:34 | 1332712 Bay of Pigs
Bay of Pigs's picture


Thu, 06/02/2011 - 12:18 | 1332635 Wynn
Wynn's picture

I don't like to be rude, but your argument is full of shit.

To create your "super race", but one subtraction is necessary;  self-ishness. But first, you would need to understand that word.

Thu, 06/02/2011 - 15:43 | 1333668 trav7777
trav7777's picture

look around the world at high IQ societies.  Start with IQ and the Wealth of Nations.

Maybe you people just need to become fkin educated?  Try it.

Instead of keeping your head in the sand.

I've given you dipshits the red rock, now this aint no afterschool special, SMOKE IT

Thu, 06/02/2011 - 16:06 | 1333752 uniman
uniman's picture

How old are you?  You act like you're 16.  Grow up little boy.

Thu, 06/02/2011 - 12:24 | 1332678 Uncle Remus
Uncle Remus's picture

Fuckin' LOL.

Thu, 06/02/2011 - 12:08 | 1332586 staks
staks's picture

Well actually where I am now, 1oz Canadian Maple now selling for $44.66 AUD = $47.6 USD

Right now! Not that far away

Thu, 06/02/2011 - 12:33 | 1332697 Boston
Boston's picture

$36 at Apmex?  Which one?  I didn't see it; most were $40+.

Thu, 06/02/2011 - 13:05 | 1332869 tmosley
tmosley's picture

Screw Maples.  Get some APMEX rounds:

That's a nice sale, combined with this spot pullback.

Thu, 06/02/2011 - 11:34 | 1332435 TheTmfreak
TheTmfreak's picture

My girlfriend asked me why I told her to buy some a few weeks ago, knowing it was likely to go down sometime in the near future. She just doesn't quite get it, but she is getting there. 

Now she has silver for sure, and is capable of playing the "lets wait for a good dip" like I am doing now.

I'm just waiting for a few magic words to purchase (rather than looking at the price).

Fed - "QE3 just might happen"

or seeing more statements like - "Silver available but delayed, have to wait 6+ weeks".


Thu, 06/02/2011 - 11:36 | 1332453 trav7777
trav7777's picture

ah, "success" for silverbugz- creating another bagholder.  Misery does love company I guess...

Thu, 06/02/2011 - 11:40 | 1332470 SheepDog-One
SheepDog-One's picture

Imagine all the equity bagholders from yesterdays 'BTFD 1st trading day of the month guaranteed green, always is' buy fest!

Thu, 06/02/2011 - 11:46 | 1332510 trav7777
trav7777's picture

certainly...but you didn't see me all over ZH telling people to BTFD the equity markets, did you?

Thu, 06/02/2011 - 12:03 | 1332563 tmosley
tmosley's picture

Yeah, you are just telling us how you want to sterilize everyone you don't like, especially blacks (those low IQ bastards!).

Thu, 06/02/2011 - 11:41 | 1332474 tmosley
tmosley's picture

Says the moron invested mostly in oil.

Thu, 06/02/2011 - 11:45 | 1332507 trav7777
trav7777's picture

one of my energy plays is Trilogy Energy in which I have a cost basis of 5.9596 per share.  So go fuck yourself.

I'm solidly in the green on every energy position I have and they all continue to spit out dividends and trade at a far lower beta than your bullshit industrial bagholder metal.

Thu, 06/02/2011 - 12:00 | 1332550 tmosley
tmosley's picture

My cost basis doesn't matter to you, so why do you think yours should matter to me?

Also funny that you don't mention any of the stinkers.  Or how you lost FUCKING EVERYTHING playing Peak Oil in 2008.  Good job.

Thu, 06/02/2011 - 13:45 | 1333086 trav7777
trav7777's picture

dude, I made more money than you'll see in your life shorting banks, HBs, and shit like AIG in 2008, wtf are you talking about?

Look, do you actually try to fall this flat on your face or is it something you just have a natural talent for?

Thu, 06/02/2011 - 13:56 | 1333133 tmosley
tmosley's picture

LOL, sure you did.  That's why you still work at Comcast.

Thu, 06/02/2011 - 15:48 | 1333677 trav7777
trav7777's picture

your batting average on these calls is a perfect .000

I don't still work at Comcast

Thu, 06/02/2011 - 18:08 | 1334129 tmosley
tmosley's picture

Fired your ass, eh?  I can see why.

Thu, 06/02/2011 - 12:21 | 1332519 Bay of Pigs
Bay of Pigs's picture

It's a shame this board is infested with people like you who can't seem to see and acknowledge the 11 year bull market in PM's. But hey, you never bother to crunch any real numbers do you? I assume it's because you would be proven wrong and look like a pathetic loser?

Trav, you are seriously fucked up in the head.


Thu, 06/02/2011 - 13:49 | 1333098 trav7777
trav7777's picture

you're too emotionally invested in your positions, dude, and I just took a shit on them so you think I'm shitting on you.

Well, here's the rub, I AM.  If you cannot divorce your own self-worth from the shit you own, then you deserve what you get.

Thu, 06/02/2011 - 13:57 | 1333140 tmosley
tmosley's picture

Trav values himself by the number of facts he can ignore while continuing to clamor for dumbshit ideas.

Thu, 06/02/2011 - 14:00 | 1333153 Bay of Pigs
Bay of Pigs's picture

LOL. Sure thing Dr. Trav.

You want to argue the facts on PM's get back to me.

Gold already up $14 off the lows at $1533.  We will see new all time highs soon enough and your weak bullshit will be proven wrong once again.

Thu, 06/02/2011 - 14:08 | 1333193 meizu
meizu's picture

gold is up 7% this year, energy index is up 8%

Thu, 06/02/2011 - 14:42 | 1333376 tmosley
tmosley's picture

I would suggest you look at 12 month rather than YTD.  Energy prices are a lot more cyclical than PM prices.

Gold is up 25% in 12 months, silver up just shy of 100%.


Thu, 06/02/2011 - 15:50 | 1333682 trav7777
trav7777's picture

what part of "my first cost basis for ASEs was $6.52/coin and my first cost basis for Leafs was 285/oz" are you mfers really struggling with?

Look, I don't have posting privileges here, so I CANNOT draw you a fucking picture, ok?!?!

Thu, 06/02/2011 - 17:02 | 1333955 XenoFrog
XenoFrog's picture

Thank Allah for small miracles


Thu, 06/02/2011 - 18:10 | 1334134 tmosley
tmosley's picture

lol, you are bitching and moaning about me "pumping" silver while you own it.  You are such a fucking hypocrite.

Thu, 06/02/2011 - 18:51 | 1334237 Bay of Pigs
Bay of Pigs's picture

I agree, that makes no sense at all. Continually flame PM holders yet claim to be owners of physical themselves? Mogul Rider says the same kind of shit.

These guys have issues.

Thu, 06/02/2011 - 19:28 | 1334339 tmosley
tmosley's picture

No, it makes PERFECT sense.

To a sociopath.

Thu, 06/02/2011 - 11:25 | 1332386 buzzsaw99
buzzsaw99's picture

The fed will remove monetary accomodation by giving J. Dimon a trillion dollar bonus.

Thu, 06/02/2011 - 11:40 | 1332469 Josh Randall
Josh Randall's picture

After he is fined 50k for misdeeds for the Morgue's financial shenanigans

Thu, 06/02/2011 - 12:08 | 1332589 Scisco
Scisco's picture

Which he will not have to admit guilt for.

Thu, 06/02/2011 - 11:23 | 1332392 wombats
wombats's picture

Why is this making commodities drop?  Shouldn't QE3 be inflationary?  I'm just trying to understand the rationale for this.  It seems counterintuitieve to my ignorant untrained mind.

Thu, 06/02/2011 - 11:25 | 1332405 silvertrain
silvertrain's picture

lower commodity prices gives the fed cover for more printing, in there minds anyway...

Thu, 06/02/2011 - 11:27 | 1332419 silvertrain
silvertrain's picture

just wait for the leaks to start with dry powder and ride the big bounce off the bottom, which will be epic..

Thu, 06/02/2011 - 11:28 | 1332423 SilverIsKing
SilverIsKing's picture

It's the difference between being accused of creating inflation and being applauded for preventing deflation.

Thu, 06/02/2011 - 11:33 | 1332434 tekhneek
tekhneek's picture


Thu, 06/02/2011 - 13:03 | 1332841 nope-1004
nope-1004's picture

Agreed, +1 SilverKing

Thu, 06/02/2011 - 11:58 | 1332556 willien1derland
willien1derland's picture

Also allows for expansion of SNAP program - could 'mitigate' inflation by inflating SNAP benefits - Tragic!

Thu, 06/02/2011 - 11:26 | 1332413 buzzsaw99
buzzsaw99's picture

this is the "pregnant pause".

Thu, 06/02/2011 - 11:30 | 1332416 Dreadker
Dreadker's picture

Because QE3 is designed to prevent a dip in the markets by providing liquidity... in order to justify QE3 you need a dip in the markets, blamed on lack of cash available.... So it will all start falling then the Bernank will ride in on his trojan horse made of US treasury notes to save the day!

Thu, 06/02/2011 - 11:28 | 1332421 SheepDog-One
SheepDog-One's picture

Just remember that its ALL just an illusion...then things make sense.

Thu, 06/02/2011 - 12:24 | 1332666 Catherine007
Catherine007's picture


Thu, 06/02/2011 - 14:42 | 1333362 MrFriskles
MrFriskles's picture

There is no market

Thu, 06/02/2011 - 14:59 | 1333451 s0lspot
s0lspot's picture

Only thieves.

Thu, 06/02/2011 - 12:21 | 1332665 Rainman
Thu, 06/02/2011 - 11:26 | 1332393 Mongo
Mongo's picture


Thu, 06/02/2011 - 11:25 | 1332403 mogul rider
mogul rider's picture

what dip - this is a crash

Thu, 06/02/2011 - 11:32 | 1332425 Mongo
Mongo's picture

Gold and Silver of course

Thu, 06/02/2011 - 11:29 | 1332429 mogul rider
mogul rider's picture

uh yeah I know.

Thu, 06/02/2011 - 12:06 | 1332575 Bay of Pigs
Bay of Pigs's picture

Yeah, a crash. A whole 1% for gold.

You're a fucking joke mogul.

Thu, 06/02/2011 - 11:25 | 1332399 mogul rider
mogul rider's picture

This is absolute proof that the average person who tries to play in the chairsatan's arena gets swallowed. Just like a friday night love affair except you're on your knees not her.


Leverage just became the evil word of the week.

Thu, 06/02/2011 - 11:28 | 1332401 pazmaker
pazmaker's picture

crazy shit.....i hope this farce ends soon!

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