This page has been archived and commenting is disabled.

Commodity Plunge Resumes (Updated)

Tyler Durden's picture


The liquidation wave has arrived, as the entire commodities complex, with an emphasis on silver and crude, continues to feel the wrath of a bipolar market which from inflation has suddenly realized that the underlying deflation needs to exhibit itself before the US Central Bank has a justification for more monetization. Elsewhere, the by bar biggest bubble in the world: the dollar short, is blowing up, with the EURUSD on route to post a 300 pip move in a few hours. Basically, the tit for tat repeat of 2010 in this Anno Domini 2011 continues.

And liquidation update:


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 05/05/2011 - 10:39 | 1243127 HamyWanger
HamyWanger's picture

Question to silverbugs: how does it feel to lose 25% of your life savings in 72 hours? 

Thu, 05/05/2011 - 10:37 | 1243132 Creed
Creed's picture

come on oil keep a droppin'

Thu, 05/05/2011 - 11:17 | 1243359 traderjoe
traderjoe's picture

@Hamy - usually I've liked your stuff but maybe you are a troll after all. 

* 82 junks. Never seen that before. 

Thu, 05/05/2011 - 11:32 | 1243456 Kyron95131
Kyron95131's picture

if hamy and harry are the same, then yeah hes king douche.

the frustration i get from reading his senseless blather is tantamount to trying to explain macro economics at a monster truck jam.

Thu, 05/05/2011 - 11:58 | 1243560 ZapBranigan
ZapBranigan's picture

"trying to explain macro economics at a monster truck jam"


Thu, 05/05/2011 - 14:16 | 1244217 Ahmeexnal
Ahmeexnal's picture

Well, I bought some more physical yesterday. And will keep buying irrespective of price movement.

I usually get my physical below spot, except for rare/special coins.

Current blowout prices are great for buying bars/bullion.  You have to thank those shortminded idiots for this opportunity.  Supply is running short, a clear indication that the effects are not those desired by TPTB.

They have only accelerated their own downfall by means of their uncalculated, desperate, criminal actions.



Thu, 05/05/2011 - 14:31 | 1244283 Arthor Bearing
Arthor Bearing's picture

To Hamy: Silver will have to drop $5 more per oz before it reaches its price from four months ago. Anyone who invested in silver at the beginning of the year, at this point in the drop, will still have made returns of over 10% if they sold now. but it would be foolish to sell now

Thu, 05/05/2011 - 16:01 | 1244808 What does it al...
What does it all mean's picture

Told you people will get hurt, ZH...  Not resonsible at all!

Thu, 05/05/2011 - 17:06 | 1245190 UninterestedObserver
UninterestedObserver's picture

Not resonsible - thanks Scooby Doo

Thu, 05/05/2011 - 11:57 | 1243569 LowProfile
LowProfile's picture

Boy, are you an asshole.  Many of my family are big fans of monster trucks, and they get "more dollars printed = dollars buy less stuff" instantly.

It's the Ivy League douchebags that don't get it.

Better drop your elitist 'tude, because it's only going to net you higher prices at the local farmer's market (where everybody will soon be shopping, because JIT delivery will collapse with everything else).

Thu, 05/05/2011 - 12:08 | 1243635 High Plains Drifter
High Plains Drifter's picture

yeh , monster trucks. man that is family entertainment for sure....ha ha ha

Thu, 05/05/2011 - 13:48 | 1244106 Rynak
Rynak's picture


This is bullish!

Thu, 05/05/2011 - 13:51 | 1244109 akak
akak's picture

Yeah, monster truck rallies --- good wholesome family fun!

Right up there with cock fights, shooting up roadsigns, brewin' up a batch of moonshine, blowing up possums with M-80s, and wife beating.  Woops, that last one is stictly for the adults.

Thu, 05/05/2011 - 14:20 | 1244233 Ahmeexnal
Ahmeexnal's picture

Don't forget cow tipping.

Thu, 05/05/2011 - 14:38 | 1244300 tekhneek
tekhneek's picture

(and NASCAR)

Thu, 05/05/2011 - 14:41 | 1244316 akak
akak's picture

I forgot mudbogging too.

Thu, 05/05/2011 - 13:58 | 1244138 DoChenRollingBearing
DoChenRollingBearing's picture

WOW!!!  256 junks!


by HamyWanger 
on Thu, 05/05/2011 - 10:39


Question to silverbugs: how does it feel to lose 25% of your life savings in 72 hours? 

Thu, 05/05/2011 - 14:02 | 1244159 akak
akak's picture

Obviously, a new junking rule is in effect, allowing them to exceed the former maximum count of 50 before being consigned to the memory hole.

I bet some of Leo's comments would have received similar numbers, had this rule been in effect last year.

Thu, 05/05/2011 - 14:14 | 1244199 DoChenRollingBearing
DoChenRollingBearing's picture

INFO for those interested!

GLD:SLV ( now about 4.0.  Was 3.2 a week ago. / eBay widget shows Gold Eagles at 11% premium to spot, and Silver Eagles a MAJESTIC 60% +.

Thu, 05/05/2011 - 14:22 | 1244238 DoChenRollingBearing
DoChenRollingBearing's picture

Hi Hamy!  Mine is junk No. 269!  

I offer true congratulations!

Thu, 05/05/2011 - 20:14 | 1245877 StychoKiller
StychoKiller's picture

Mine came in at 299, who's gonna make it 300?

Thu, 05/05/2011 - 14:18 | 1244211 Rynak
Rynak's picture

Not necessarily a "rule".... may be that they saw his post, and simply disabled it for fun to see how high it would go.

Thu, 05/05/2011 - 14:23 | 1244235 akak
akak's picture

Tyler, that sly dog .....


Thu, 05/05/2011 - 11:36 | 1243463 Dr. Richard Head
Dr. Richard Head's picture

How about 123?

Thu, 05/05/2011 - 11:47 | 1243518 BigJim
BigJim's picture

137 junks! Surely a record of some kind?

Thu, 05/05/2011 - 11:49 | 1243525 Thorlyx
Thorlyx's picture

143 and counting....

Thu, 05/05/2011 - 12:12 | 1243657 writingsonthewall
writingsonthewall's picture

Come on Hammy - you can do it!

172 now...

Thu, 05/05/2011 - 12:49 | 1243832 Ident 7777 economy
Ident 7777 economy's picture

220 and counting!!!

Thu, 05/05/2011 - 13:22 | 1244001 scratch_and_sniff
scratch_and_sniff's picture

This site is hilarious.

Thu, 05/05/2011 - 13:34 | 1244052 Silver Pullet
Silver Pullet's picture

Junk 244

Now that's just (a) gross

Thu, 05/05/2011 - 13:42 | 1244086 Ray1968
Ray1968's picture

a gross is 144. Hamy blew past that a while ago

Thu, 05/05/2011 - 13:59 | 1244143 Dangertime
Dangertime's picture

I'm actually quite jealous.  I wish I could have obtained that sort of junk count.

Thu, 05/05/2011 - 14:22 | 1244230 DoChenRollingBearing
DoChenRollingBearing's picture

Well, Dangertime, let me start by NOT junking you!

Actually, you made re great call re silver for TRADERS.  Those holding physical will be fine.

Thu, 05/05/2011 - 14:44 | 1244348 eisley79
eisley79's picture

-he called top monday on that dip, and it went back up, got it wrong.

-he got mocked, by the end of the week he retracts and then predicted it would rise this week to 50 or 60, then it dipped again, got it wrong.

-lastly, he had one in 50 posts of his lying claims to actually hold any calls or puts, (or anything period), that wasnt completely wrong, and that is the only one he tries to talk about now.  He has got all his calls wrong, and all his claimed investments are lies, as proven in every thread were he ignores calls to back it up with any proof.


just look at these lol posts from one week, HOW DOES HE DO IT? lol, fcking noob btch

by Dangertime
on Mon, 04/25/2011 - 10:35

Forgiven, the peak is in for this run.  We will see $50 again but not likely for another year.  You still have time to sell and restock with even more this summer.
by Dangertime
on Fri, 04/29/2011 - 08:20

Silver will break $50 next week and march possibly even to $60.



Thu, 05/05/2011 - 14:49 | 1244391 eisley79
eisley79's picture

When your investments are imaginary and just random troll lies on the interwebs, what do you hedge?  the ability to claim you called something ROFLMAO :D

by Dangertime
on Mon, 04/25/2011 - 10:35

Forgiven, the peak is in for this run.  We will see $50 again but not likely for another year.  You still have time to sell and restock with even more this summer.
by Dangertime
on Fri, 04/29/2011 - 08:20

Silver will break $50 next week and march possibly even to $60.

Thu, 05/05/2011 - 15:58 | 1244788 Forgiven
Forgiven's picture

We just about touched $50.  The floor fell out after that.  I was on record at another board (prior to the fire sale) as thinking we'd see $50 by 5/5 in early April.  Being a weak early and a few cents short.  I'll take that.  I had no idea, and I would argue also that few did,  silver would drop like it did.  I hold physical that I had accumulated between $9 and $15/oz.  I took my initial investment off the table at $35.80 today.  The rest of the physical I own I will hold, paper price be damned.  Should it continue to capitulate, I may pick those ounces back up. :) 

Thu, 05/05/2011 - 11:48 | 1243503 curbyourrisk
curbyourrisk's picture

I junk him just because its fun.  EVERYTIME I SEE HIS NAME

Thu, 05/05/2011 - 13:30 | 1244032 akak
akak's picture

Just like RobotFaker, aka RobotLemming, aka MomoTrader, aka Lobot(omized)Trader.

Thu, 05/05/2011 - 11:20 | 1243367 Carl Spackler
Carl Spackler's picture

I smell a BUYING OPPORTUNITY soon as the volatility quiets a little.

The United States is still on the path to stagflation, especially with Jimmy Carter II in the White House.


Thu, 05/05/2011 - 11:34 | 1243454 Chicagomark
Chicagomark's picture

Considering most silver bulls' "life savings" doubled since early Feb. this is no big deal. 

Thu, 05/05/2011 - 11:50 | 1243531 Smu the Wonderhorse
Smu the Wonderhorse's picture

Well, I'd say it's kind of a big deal. I mean down 25% in what, a week? Pass the dramamine.

Thu, 05/05/2011 - 14:20 | 1244231 Titus
Titus's picture

Pass the fucking greenbacks so I can get rid of them before the Bernanke prints more. 

Thu, 05/05/2011 - 13:32 | 1244035 Cole Younger
Cole Younger's picture

Stagflation? That would be good compared to what is really going to occur.

Thu, 05/05/2011 - 11:53 | 1243549 Creed
Creed's picture

by HamyWanger
on Thu, 05/05/2011 - 10:39


Question to silverbugs: how does it feel to lose 25% of your life savings in 72 hours? 

whoa 149 junks hahahaha

Thu, 05/05/2011 - 12:18 | 1243699 BorisTheBlade
BorisTheBlade's picture


by HamyWanger 
on Thu, 05/05/2011 - 10:39



Question to silverbugs: how does it feel to lose 25% of your life savings in 72 hours? 


176 and climbing, I think Hamy's junk rating growth is not sustainable it is a bubble.

Thu, 05/05/2011 - 12:38 | 1243779 writingsonthewall
writingsonthewall's picture

It's OK - we're hedged.

Thu, 05/05/2011 - 12:52 | 1243849 BorisTheBlade
BorisTheBlade's picture

zerohedged, meanwhile 220, the guy is a real talent, my money is on Hamy, i bet he will hit 300 unless Tyler pulls the plug

Thu, 05/05/2011 - 12:02 | 1243589 legal eagle
legal eagle's picture

HamyWanger  - please remove the flag.  You represent something other than human descency.  Your mother is ashamed.

Thu, 05/05/2011 - 12:35 | 1243769 rufusbird
rufusbird's picture

"Patriotism is the last refuge of a scoundrel."

Samuel Johnson

Thu, 05/05/2011 - 10:41 | 1243136 Azannoth
Azannoth's picture

that assumes you put everything in at the top, and it assumes you sell at the bottom, and that's not correct for 99% of the people even silver bugs.

I think most silver bugs will be fine till silver drops below 25$

Thu, 05/05/2011 - 10:43 | 1243151 GetZeeGold
GetZeeGold's picture


......and it will never occur to the sheep that they should BTFD. least I hope not.



Thu, 05/05/2011 - 10:48 | 1243201 Sudden Debt
Sudden Debt's picture

Please don't think. Leave that to the grown ups.

At 25$ most of us will be on a buying spree and tripple our money before your mommy can say "GO TO YOU ROOM IDIOT, MOMMY'S GOT CUSTOMERS!"


Thu, 05/05/2011 - 10:54 | 1243242 GetZeeGold
GetZeeGold's picture


At 25$ most of us will be on a buying spree....


Oh no......not again. What's wrong with $35?'s good enough for your momma.



Thu, 05/05/2011 - 11:44 | 1243490 Dreadker
Dreadker's picture

I am jacks complete lack of surprise....   When will people realize that 'silver' and 'gold' bugs are buying physical... and the spot price plumetting just means more glimmer for your dollar...


I just hope it doesn't all sell out at these levels... hoping for a little lower meself ;-)

Thu, 05/05/2011 - 10:39 | 1243144 becky quick and...
becky quick and her beautiful mouth's picture

i wasn't aware i sold them. remember, it's only a loss on paper. it's not a real loss until you sell (at least that's what money magazine says).

Thu, 05/05/2011 - 10:56 | 1243229 Dr. Richard Head
Dr. Richard Head's picture

Damn skippy.  Unfortunately, many of the rubes that watch CNBC like to sell low and buy high.  This dip is a blessing and I am going to suck it like I'm Hamy vying for more paper. 

Thu, 05/05/2011 - 12:01 | 1243585 doggings
doggings's picture

its not a real loss until you convert it back to paper in fact

Thu, 05/05/2011 - 10:40 | 1243149 baseball13
baseball13's picture

You haven't 'lost' anything until you sell...

Thu, 05/05/2011 - 11:16 | 1243348 wang
wang's picture

FASB couldn't have said it better

Thu, 05/05/2011 - 18:21 | 1245432 Freewheelin Franklin
Freewheelin Franklin's picture

FASB couldn't have said it better



Thu, 05/05/2011 - 10:43 | 1243150 tmosley
tmosley's picture

Not nearly as bad as tripling it over the last few years feels good.

Thu, 05/05/2011 - 10:42 | 1243167 falak pema
falak pema's picture

r u falling in love with math man & danger?

Thu, 05/05/2011 - 11:10 | 1243322 wirtschaftswunder
wirtschaftswunder's picture

You are working veryy very hard here. Its not helping however

Thu, 05/05/2011 - 12:08 | 1243634 tmosley
tmosley's picture

I'm sure you don't think so, Mr. 9 week old troll.

Thu, 05/05/2011 - 10:40 | 1243152 internethobo
internethobo's picture

I haven't lost 25% of my life savings since I bought my silver when it was $11/oz.  Thanks for your statement though.

Thu, 05/05/2011 - 14:01 | 1244158 DoChenRollingBearing
DoChenRollingBearing's picture

I was late to the silver party...  My average is about $26.  Traded some in on Monday for gold, small amount though.

Thu, 05/05/2011 - 14:10 | 1244179 Rynak
Rynak's picture

Who would put all of his "life savings" into a single commodity anyways, let alone out of all things silver? Silver is the spice in a basket, not the bread.

Thu, 05/05/2011 - 10:42 | 1243162 somethingelse
somethingelse's picture

reject the premise of your question....emotion has no proper place in investing.

Thu, 05/05/2011 - 11:58 | 1243558 Creed
Creed's picture

wow the same 3 junks for everyone pro metals, now that's an anomaly

Thu, 05/05/2011 - 10:44 | 1243165 GOSPLAN HERO
GOSPLAN HERO's picture


You need to hold paper FRNs ... for safety.

FRNs have been increasing in value since 1913, right?

Thu, 05/05/2011 - 10:45 | 1243187 Quintus
Quintus's picture

Yes but holding FRNs is the safest way to gradually lose all your wealth.

Thu, 05/05/2011 - 11:05 | 1243299 Dr. Richard Head
Dr. Richard Head's picture

...but you get to feel nominally wealthier at least. 

Thu, 05/05/2011 - 12:29 | 1243752 Seer
Seer's picture

And the added bonus is that you have LOTS of people that you can talk to that can "understand" this (unlike with PMs, where everyone is brainwashed into avoiding them, resulting in ignorance).

Funny, everyone was smiling and calling me a doomer.  Now I'm the one who is smiling (though on the inside- gloating generally isn't good, esp when everyone around you is in dire straights).

Thu, 05/05/2011 - 10:43 | 1243175 Creed
Creed's picture

that's a retarded statement HW considering anyone that bought silver last summer is sitting on a clean double

Thu, 05/05/2011 - 10:47 | 1243182 Sudden Debt
Sudden Debt's picture

Let me think. I'm still up 87% and I'm 100% sure it will be at 75$ by the end of the year.

Question for you: Why don't to go back to your retard Yahoo board?


Question to everybody else: After 50 junks his post will be gone. At what hour + minute will this happen?


Thu, 05/05/2011 - 11:07 | 1243297 johny2
johny2's picture

15:07 gmt

Thu, 05/05/2011 - 11:13 | 1243325 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

66 junks and counting...still going....

Thu, 05/05/2011 - 11:19 | 1243362 nmewn
nmewn's picture

82 now...impressive.

Thu, 05/05/2011 - 11:51 | 1243523 MachoMan
MachoMan's picture

128!  I think it's hilarious watching the board get trolled like that... It's a joke folks, get over it...

Thu, 05/05/2011 - 10:47 | 1243198 EscapeKey
EscapeKey's picture

not too bad, considering i was up about 300% before my "savings" started going down.

ah hell, please keep dropping, I'm off to Germany next weekend, and plan to visit whilst there. the cheaper the price, the more i get for my monies.

Thu, 05/05/2011 - 11:10 | 1243321 vocational tainee
vocational tainee's picture

Go to MDM in munich at the Stiglmaier Platz an ask for tax deducted kilobars.Kindest regards from munich..

Thu, 05/05/2011 - 11:12 | 1243334 EscapeKey
EscapeKey's picture

Much appreciated, but y employer wants me to go to Berlin :)

Thu, 05/05/2011 - 11:22 | 1243398 vocational tainee
vocational tainee's picture

Try to get CookIsland bars esp. 100 oz, they are nice to look at.

Thu, 05/05/2011 - 11:40 | 1243474 blazen
blazen's picture

Use for price comparison. At the moment of this writing, pro aurum has 940 EUR while shows you 905 EUR for  (example) Australian Kookaburra 1kg.

It can point you nicely to various shops, some of them possibly close to Berlin.





Thu, 05/05/2011 - 11:16 | 1243345 hedgeless_horseman
hedgeless_horseman's picture

Don't eat the schnitzel, they're using schnauzer.

Thu, 05/05/2011 - 14:22 | 1244244 mt paul
mt paul's picture


Thu, 05/05/2011 - 10:48 | 1243204 Ruffcut
Ruffcut's picture

I wonder if goldman sucks is getting hit here. Sure. Not.

"no market is too big, no market is too small, here at goldie ballsacks, we run them all."

It's not a correction, more like a controlled bloodbath.

Question to hamyweener: what's it like to be an asstroll?


Thu, 05/05/2011 - 10:51 | 1243208 the not so migh...
the not so mighty maximiza's picture

Hamy I buy high and sell low just like you,  what is going wrong?

Thu, 05/05/2011 - 10:51 | 1243210 Long-John-Silver
Long-John-Silver's picture

Got in @ $12 and $700 physical.

Try buying physical Silver or Gold @ the paper spot price.

ebay physical Silver is still selling well above $50.

Welcome to two separate markets for Gold and Silver. Worthless paper and priceless physical.


Thu, 05/05/2011 - 11:03 | 1243288 GetZeeGold
GetZeeGold's picture



If you buy a contract on the Comex, you can take physical delivery. 


Ummm.....quick question.....have you ever actually tried it?



Thu, 05/05/2011 - 11:05 | 1243290 Long-John-Silver
Long-John-Silver's picture

What dream world are you living in? Check Apmex, it's awash in sold out blue tabs. You can check inventory numbers by typing 9999 in the item number desired block. Product that is still available is rapidly dropping even as they raise premium and commission prices. The paper game is coming to an end. With this last margin increase you have your head up your ass if you can't see that paper Silver and Gold markets are crashing and physical markets are now selling separate of that market.

Thu, 05/05/2011 - 11:17 | 1243368 Montgomery Burns
Montgomery Burns's picture

I haven't checked recently but perhaps they're not listing items because they don't want to sell at these prices?  Just last week I got an email from them asking me to sell them my Eagles for spot + $2, if I recall correctly. Wonder how many took that deal?


Thu, 05/05/2011 - 13:26 | 1244017 futboller04
futboller04's picture

I got that same email but mine said $3

Thu, 05/05/2011 - 11:12 | 1243324 Hulk
Hulk's picture

You're hitting em out of the park Hamy! "Time spread", I love it!

Thu, 05/05/2011 - 11:21 | 1243393 NidStyles
NidStyles's picture

Better yet, try and find silver for that price on any mint site, whoop's you can't.



Thu, 05/05/2011 - 11:25 | 1243399 tahoebumsmith
tahoebumsmith's picture

How does it feel to be a dweeb? Having to hear your mother every morning yelling down the basement steps, Haaamy, Haaaaaaaaamy, Oh Haaaaamy your egg is ready. And then the humiliation of driving her around in her 1987 Buick? Such a chick magnet Ham... 

Thu, 05/05/2011 - 11:30 | 1243429 greenbear
greenbear's picture

Hamy- get your credit card out of your wallet RIGHT NOW.  Go to Gainesville Coins or APMEX and get you some physical silver. 

In 2008 there were long waits to get physical silver. The price for silver Eagles never went below 17-18 dollars while the paper price dropped to 8.  Don't believe your own lies.

Thu, 05/05/2011 - 11:40 | 1243475 writingsonthewall
writingsonthewall's picture



How does it feel to be the new world record holder for junks per minute on ZH?

Tyler - can you confirm the stats?

I don't think Ben Bernanke himself denying inflation exists on ZH could have done any better.

Don't fret - this is just the late market comers reacting to the talk of deflation - you know what happens after 'talk of deflation' don't you?

....I'll give you a clue - it's very similar to Queen Elizabeth's cruise ship.

Thu, 05/05/2011 - 12:02 | 1243605 trav7777
trav7777's picture

I'd be interested as well in these stats, because I had a post junked off in like 10 minutes back when 50 got you deleted.

I feel cheated

Thu, 05/05/2011 - 12:30 | 1243730 johny2
johny2's picture


Thu, 05/05/2011 - 12:26 | 1243735 Texas Gunslinger
Texas Gunslinger's picture

There are others who have you beat. 


Thu, 05/05/2011 - 12:37 | 1243788 Almost Solvent
Almost Solvent's picture

The classics:


Johnny Bravo


Master Bates


Grand Supercycle

Thu, 05/05/2011 - 12:49 | 1243838 tmosley
tmosley's picture

Grand Supercycle isn't really a troll so much as a blog pimp.  He never says anything, just posts a one liner and a link to his blog.

Thu, 05/05/2011 - 20:25 | 1245908 StychoKiller
StychoKiller's picture

Inflation -- what can ya do? :>D

Thu, 05/05/2011 - 12:10 | 1243658 Spastica Rex
Spastica Rex's picture

Successful troll is successful.

You have it way too easy here.


Thu, 05/05/2011 - 10:52 | 1243220 SheepDog-One
SheepDog-One's picture

I dont know, but I sure didnt buy silver at $10-$14 to 'make' a few bucks in fiat currency....long term buy and hold against Maniacal Monetizers, bitchez's.

Thu, 05/05/2011 - 11:27 | 1243408 N_Jones
N_Jones's picture


Thu, 05/05/2011 - 10:53 | 1243222 Hulk
Hulk's picture

Hamy, it feels 25% awful!

Thu, 05/05/2011 - 10:50 | 1243224 Dr. Richard Head
Dr. Richard Head's picture

The dip is going to be a great birthday gift for me.  Just unloaded my last paper position and I now have $10K to drop on physical silver.  Best birthday ever mother fucker.

Thu, 05/05/2011 - 10:52 | 1243235 Dr. Engali
Dr. Engali's picture

Considering I went long zsl on Thursday to hedge....I'm feeling pretty damn good.

Thu, 05/05/2011 - 11:00 | 1243262 Antifederalist
Antifederalist's picture

Feels great.  Thanks.  Silver on sale, 25% off, wheeeee  this investing stuff is easy.  This is a friggin gift.  I did not have enough and just bought two large COMEX contracts, for delivery.  Check back in later this year mr. Wanker.  We will see who has the last laugh.

Thu, 05/05/2011 - 11:28 | 1243432 traderjoe
traderjoe's picture

Are planning on standing for delivery? I'd be interested in hearing how that process goes for you...

Thu, 05/05/2011 - 11:38 | 1243473 tmosley
tmosley's picture

Glad to see a RPFer withthe balls to stand for delivery.

Please do keep us updated.

Be sure to get the bars assayed.

Thu, 05/05/2011 - 11:04 | 1243284 Josh Randall
Josh Randall's picture

You tell me Mr. Paper Bug - how much has your nominal purchasing power FAILED since you've been alive ? Thought so...

Thu, 05/05/2011 - 11:06 | 1243292 Temporis
Temporis's picture

Question to hamy?

Did your doctor confirm your suspicions about that burning/itching sensation you have in your rectum? Do you think you might have acquired from your boyfriend?

Thu, 05/05/2011 - 11:05 | 1243298 Re-Discovery
Re-Discovery's picture

Life savings?  is this guy for real? 

Thu, 05/05/2011 - 11:08 | 1243302 SilverRhino
SilverRhino's picture

>> Question to silverbugs: how does it feel to lose 25% of your life savings in 72 hours? 

Still feels like a four bagger bitch ;-)

Thu, 05/05/2011 - 11:08 | 1243304 homersimpson
homersimpson's picture

Question to Hamy: How does it feel to be 25% right in the last 72 weeks?


Thu, 05/05/2011 - 11:47 | 1243499 Rinzler
Rinzler's picture


Thanks for the laugh. :-)

Thu, 05/05/2011 - 11:07 | 1243312 Stares straight...
Stares straight ahead's picture

I bought silver at $8-16.50/oz. I have more than doubled my "life's savings".  (Also, plan to buy more when the price stabilizes.) 

How does it feel to see your government pension at risk?

Thu, 05/05/2011 - 11:16 | 1243332 HungrySeagull
HungrySeagull's picture

Ain't happening. I am Long Silver. I still have the Bullion in my possession. And the Banks play with the cash we get from Payroll to pay bills. What is left... Still there.

NNow, gasoline, food etc has gotten more expensive yes. However we replaced obselete infrastructure to drive house utility bills way down. Eventually we hope to export unused power for income.


The sting? Not there unless you sell below what you paid for it. I remember when gold was 200. I told my family they should get it. They laughed. Now no one is laughing.


I am getting ready to back a tractor trailer to the silver dock by the light of the burning paperbug silver pyres.

Thu, 05/05/2011 - 11:18 | 1243336 Jay Gould Esq.
Jay Gould Esq.'s picture

77 K's, Hamy. This one could be heading to the pages of Guinness.

Thu, 05/05/2011 - 11:13 | 1243343 SonnySkyy
SonnySkyy's picture

My buys feel heavier.

Thu, 05/05/2011 - 11:16 | 1243357 greenbear
greenbear's picture

It's exciting!  Just bought some Fiji Taku's for $40 an ounce!!  Deflation scare to make way for QE3.  Crashing the whole commodities complex!!  But I think they've already started QE3.  This may be the Lindsey Williams moment.  When you see the Euro begin to crash then the USD has only weeks to go.  Better get ready Hamy- get physical silver while you still can.

Thu, 05/05/2011 - 11:41 | 1243477 greenbear
greenbear's picture

What if Martin Armstrong's mid June prediction applies to either silver or the dollar?  If both Williams and Armstrong are correct then this may be the beginning of the collapse of the monetary system.

Thu, 05/05/2011 - 11:22 | 1243381 HoofHearted
HoofHearted's picture

I just checked. I still have the same number of ounces. I was worried that maybe you had found the vault and stolen 25% of it. And I am price averaged in at about $18 an ounce. I got out of the spec position last week. (Lucky, I guess.)

Oh, you're worried about green pieces of paper with dead men on it. I prefer the coins that espouse "liberty" or "peace". Your choice...

Thu, 05/05/2011 - 11:26 | 1243402 newworldorder
newworldorder's picture

I would not want you near me if ever I needed a pint of blood Hamy.

Please tell us - Did you take particular pleasure in pulling wings form flies when you were a youngster?

Thu, 05/05/2011 - 11:26 | 1243404 tmosley
tmosley's picture

lol, I was junk number 99.

Is the new limit 100?

Junk inflation, bitches.

Thu, 05/05/2011 - 20:27 | 1245920 StychoKiller
StychoKiller's picture

Hamy's "junk" is skyrocketing...299!

Thu, 05/05/2011 - 11:28 | 1243412 IH10
IH10's picture

The only people that lost 25% were the ones that bought in right at the intermediate top.  What a stupid statement.  Most "silver bugs" were smart enought to buy in several years ago and can more than handle the volatility.  

Thu, 05/05/2011 - 11:29 | 1243418 txapela
txapela's picture

feels great.


it's called cost averaging. i buy into the dips.

Thu, 05/05/2011 - 11:30 | 1243428 Mitch Comestein
Mitch Comestein's picture

Now that is funny.  All my silver sells are now profitable!!!

Thu, 05/05/2011 - 11:28 | 1243433 JW n FL
JW n FL's picture
by HamyWanger
on Thu, 05/05/2011 - 10:39



Question to silverbugs: how does it feel to lose 25% of your life savings in 72 hours? 


with 98 Junks not including mine yet, which makes for 99.. I thought I would cut and paste your remarks before answering so that I would alone not look like I was talking to myself. Which I often do, people think I am crazy becuase they are to stupid to talk too.


any way, Hammy.. I enjoy you! I really do.. but I am very much a silver bug and I am very much a buyer.. all the way down to the bottom and maybe even back up for a little while as well.. depending on how fast it raises.


I can promise you Hammy that I am not some super smart, brilliant fuck who is all alone in this buying spree.


Silver Coins are between $46 and $60 in monster box form.. that is to say buying 500 oz's at a time the best you can hope for is $46 to $60 an oz and that has changed by $9 dollars down.. 


There will be no safer place for money than in PM's.. they work whether the world is ride side up or upside down.. a tangible for all seasons really!


Good Luck Hammy!

Thu, 05/05/2011 - 11:29 | 1243435 Midwest Prepper
Midwest Prepper's picture

Well, considering that the money was made in just a couple weeks, not too bad.  In a bull market, the drops are sudden and severe.  That's okay.  Talk to us when silver is over $50 by the Fall.

Thu, 05/05/2011 - 11:31 | 1243448 writingsonthewall
writingsonthewall's picture

Not as good as the 400% increase in savings over the last 2 years.

Get it into perspective 'king of the junks' - there's a long, long way to go before we get worried.

There's nothing worse than a short silver sniper trying to claim the 'last shots of bernanke' are some sort of tipping point.


What you need to worry about is once all the paper speculators have been squeezed out by margin hikes - what has Ben got left?

....and of course the lack of tightening from the ECB and the UK central banks is also not bearish for PM's.

....but of course you know that - don't you?

Thu, 05/05/2011 - 11:32 | 1243455 OldPhart
OldPhart's picture

I'm good until I have to sell somewhere below $8.  This is transitory, and I'll be buying more physical as always.

Thu, 05/05/2011 - 11:46 | 1243491 stollcri
stollcri's picture

Maybe the silverbugs are using mark-to-model since there is a chance that the market is wrong, or does that only work with real estate?

Thu, 05/05/2011 - 12:32 | 1243766 greenbear
greenbear's picture

It's not a real market.  It's computers trading with other computers.  Please learn the difference between the price of paper silver and the price of physical silver.

Thu, 05/05/2011 - 12:36 | 1243772 greenbear
greenbear's picture


Thu, 05/05/2011 - 11:46 | 1243504 greenbear
greenbear's picture

I didn't junk you Hamy because I LOVE EVERYBODY TODAY!!

Thu, 05/05/2011 - 11:48 | 1243505 trav7777
trav7777's picture

134 junks in an hour?   Wow...I seem to have some real competition here now

Thu, 05/05/2011 - 11:49 | 1243529 Whizbang
Whizbang's picture

So I guess it is the mark of a strong intellectual community when everyone agrees with one another, and assault anyone with an independant thought...sounds a lot like a cult to me. Junk away Bitches!

Thu, 05/05/2011 - 12:07 | 1243630 trav7777
trav7777's picture

well this record needs an asterisk because some of the stronger trolls got junked off at 20, then 50.

Thu, 05/05/2011 - 15:23 | 1244572 Clinteastwood
Clinteastwood's picture

A "strong intellectual community" ??  What is that, some collective in Moscow?  As an "independant" intellect, you really should learn how to spell the word at least.

Thu, 05/05/2011 - 11:50 | 1243519 Whizbang
Whizbang's picture

Told you so bitches! It's not all bad, as long as you are not in on margin. If you are, then you probably lost your house

Thu, 05/05/2011 - 14:17 | 1244218 ElvisDog
ElvisDog's picture

And that's another reason to accumulate physical metals without leverage. If there is no leverage involved, you don't have to sell (or meet a margin call) if the price drops. With physical, it's only a loss if you sell. If you're holding and accumulating physical as an insurance policy a sharp drop is a non-event.

Thu, 05/05/2011 - 11:52 | 1243527 NotApplicable
NotApplicable's picture

I measure my savings in ozs., thank you. 100% of which I still have. Besides, I've been watching this chart formation since first zoomed up past $7.50, then $9, then $11, then $14, then $17... well, you get the picture.

As long as the underlying fundamentals remain the same, price spikes followed by waterfalls all the way down to the lower Bolinger Band do not scare me in the least. It just means that it's time to start accumulating again as the price creates a new base from which the next climb will come.

Nice troll, Hamy. AFAIK, 126 junks is a record. (and I didn't even bother)

Thu, 05/05/2011 - 11:53 | 1243536 glenlloyd
glenlloyd's picture

should have known that you'd come slithering out with commodities in decline, that's the only time you show yourself.

Thu, 05/05/2011 - 11:52 | 1243547 Ted K
Ted K's picture

For whatever it's worth Hamy, I thought that was pretty damn funny, especially after all the crap the idiot retail money has said about Gold and Silver on this blog the last few months.  Bravo Sir.  I'm wondering when these idiots will figure out, if the chaos ever happens (which it won't) what the hell damn good is a bar of gold going to do them??? Maybe they will use it as a door stop when the thieves come???

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