This page has been archived and commenting is disabled.

Correlation Desks Gone Apeshit: Announcement Gov't To Allow 13 Oil Firms To Restart GOM Drilling Whacks... Silver??!!

Tyler Durden's picture


And then there was one... correlation desk. Following Reuters news that the US government would allow 13 oil firms to restart deep-water Gulf of Mexico drilling without the new environmental review (under certain conditions), oil drops, drillers spike... and precious metals plunge. Obviously, this is just because silver extraction is so very closely tied to how deep underwater a given jack up can reach. Record correlations may have declined, but only to be replaced with correlations that no longer make absolutely any sense. This is just how ridiculous the power of Wall Street's correlation desks is now that almost nobody is trading.

Crude and...




- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 01/03/2011 - 15:28 | 844783 samseau
samseau's picture

Maybe JP Morg wants it to make look like they are correlated?

Mon, 01/03/2011 - 16:59 | 845065 Turd Ferguson
Turd Ferguson's picture

EXACTLY!!! I just posted this. Please read:

Mon, 01/03/2011 - 17:09 | 845103 detersbb
detersbb's picture

Maybe the oil industry has hedged itself outside the oil industury kind of like JP Morgan may have hedged its silver exposure shorts against copper longs?  We know that different nations have hedged themelves against each other, why would/should different industires not do the same?  This would hedge bad parts of the economy/would support-against/by the good parts of the economy.

Mon, 01/03/2011 - 17:19 | 845118 Hephasteus
Hephasteus's picture

No copper kills JP Morgan. It almost killed them before but world war II saved them. Which is why we'll either see 9 dollar copper this year or world war III. Because that's how it works. They don't have gold they use palladium and platinum. They don't have palladium and platinum they use silver. They don't have silver they buy up copper to try to pay. It's just a progression of how broke they get from a real live "money" perspective.



Tue, 01/04/2011 - 02:13 | 845943 A Nanny Moose
A Nanny Moose's picture

They hedged all that with the Food Stamp distribution. It pays to be an early recipient of freshly minted Benny Bux

Mon, 01/03/2011 - 17:17 | 845119 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

All while the dollar stays rangebound.  Oh well, the EE is only setting themselves up.  Obviously they did no historical checks on what happened in the '60's and 70's when the US and England were manipulating precious metals.  Back then, the dumps spurred price increases only 6 months later.  With all they are doing now, it should only be a couple weeks until we break this range and move from $1420 to $1440.  I think the move above $1440 is the move the EE is scared of.  Imagine when sheeple hear gold is +$1500, what will they say?  Will they not realize what monie is then?

Mon, 01/03/2011 - 21:34 | 845549 thetruth
thetruth's picture

you don't think they know what happened in the 60s and 70s?

Mon, 01/03/2011 - 23:14 | 845705 Lord Koos
Lord Koos's picture

Even if this bites them on the ass this year, they have made billions in the meantime.

Tue, 01/04/2011 - 02:43 | 845962 delacroix
delacroix's picture

Mr. Turd  could the EE be using the after hours globex raids to sell short contracts to themselves, protecting themselves, from delivery, by preventing the wrong investors, from buying their shorts, and basically creating a price suppresion mechanism, for the cost of the exchange fees?

Mon, 01/03/2011 - 15:30 | 844788 TruthInSunshine
TruthInSunshine's picture

... and precious metals plunge. Just because silver extraction is so very closely tight to how deep underwater a given jack up can reach.

LMFAO! Insanity has arrived.

"May you live in interesting times."

Mon, 01/03/2011 - 15:42 | 844805 hedgeless_horseman
hedgeless_horseman's picture

Borders up 3% on the day!

Yes, the same Borders book store that can't pay suppliers.

"When a customer of that size (Boarders) calls you up and says you aren't getting a check, that's a piece of information you have to act on," said Jed Lyons, CEO of Rowman & Littlefield.


Mon, 01/03/2011 - 15:44 | 844832 EscapeKey
EscapeKey's picture

You seem to be under the mistaken belief that fundamentals matter.

Mon, 01/03/2011 - 15:55 | 844867 topcallingtroll
topcallingtroll's picture

You are smart and also hot if you really are a girl. The troll likes smart hot girls but not smart guys pretending to be girls be cause that last incident wirh the troll was embarrassing and we wont talk about it.

Mon, 01/03/2011 - 16:11 | 844908 tmosley
tmosley's picture

I think that avatar is a picture of that Russian spy from last year.

Yes, she was both smart and hot.

Mon, 01/03/2011 - 16:15 | 844921 Sudden Debt
Sudden Debt's picture

And I am a hand puppet who works in the Kermit the Frog show by day and deals Ice by night...

Mon, 01/03/2011 - 17:12 | 845114 gravitas
gravitas's picture

... and the domo kun also does god's dirty work on the side.

Mon, 01/03/2011 - 16:14 | 844910 EscapeKey
EscapeKey's picture

I swear to fucking god I gotta change my avatar. I'm not a chick, it's incompetent, but hot Russian spy, Anna Chapman.

Mon, 01/03/2011 - 16:17 | 844926 Terminus C
Terminus C's picture

So what you are saying is... you are a hot, female russian spy...

Way cool, do you get conjugal visits?


Mon, 01/03/2011 - 16:33 | 844983 oklaboy
oklaboy's picture

hell I.m just havinfun watchin yall

Mon, 01/03/2011 - 16:36 | 844997 knukles
knukles's picture

How 'bout an incompetent conjugal visit?

Mon, 01/03/2011 - 16:38 | 845004 knukles
knukles's picture

Then again that's sorta like box'in yer goofie, isn't it?

Mon, 01/03/2011 - 19:34 | 845399 Don Birnam
Don Birnam's picture

A Moscow mademoiselle from deep in the heart of the KGB! Vodka martinis all around!

Mon, 01/03/2011 - 16:14 | 844912 Dr. No
Dr. No's picture

She is a confirmed Russian spy. But I deny any rumors she is actively being recruited by Spectre.

Mon, 01/03/2011 - 16:16 | 844919 Fish Gone Bad
Fish Gone Bad's picture


Mon, 01/03/2011 - 16:38 | 844999 swissinv
swissinv's picture

well remembering you great technical analysis about the upcoming USD/CHF increase when QE2 was lauched;) (as a little reminder we are now at 0.9335) maybe time to Escape from the bollinger band to real fundamentals - or do you want to explain you're bullishness on silver on manipulated price charts???

Mon, 01/03/2011 - 17:10 | 845100 detersbb
detersbb's picture

Maybe the oil industry has hedged itself outside the oil industury kind of like JP Morgan may have hedged its silver exposure shorts against copper longs?  We know that different nations have hedged themelves against each other, why would/should different industires not do the same?  This would hedge bad parts of the economy/would support-against/by the good parts of the economy.

Mon, 01/03/2011 - 21:30 | 845538 strannick
strannick's picture

Maybe we'll hear they discovered the biggest silver deposit ever while drilling for oil. Like that Afghan gold deposit in the news for 10 minutes.

Mon, 01/03/2011 - 23:38 | 845759 TruthInSunshine
TruthInSunshine's picture

They're drilling holes to China, to get some rare earth.

Mon, 01/03/2011 - 15:30 | 844791 Greater Fool
Greater Fool's picture

Betas must be preserved. It's a service they provide their clients.

Mon, 01/03/2011 - 15:31 | 844793 Cleanclog
Cleanclog's picture

No risk, VIX now below 17 at 16.9.

Medicated manipulation continues unabated into 2011.

Mon, 01/03/2011 - 15:31 | 844794 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Nothing makes logical sense anymore in this 'market' and that's the way the powers that be want it. Because logic = truth, and truth is the enemy of the powers that be. Truth is what they say it is.

Order out of Chaos.

Mon, 01/03/2011 - 15:33 | 844795 Eternal Student
Eternal Student's picture

Yessss! I was figuring that they'd do something like this during this week. Next up is Blythe and her evil flying monkey brigade to follow up with a serious exploit tomorrow or Wednesday. Goodness knows they needed some help here, as they have been getting clobbered lately.

Drive that price down, oh Wicked Witch of the East Coast. I was waiting, and now I'm going to be buying!

I love these fire sales!

Mon, 01/03/2011 - 15:40 | 844823 Grifter
Grifter's picture

A whack down to $25 or so would be nice.  I'd Andy Samberg if a move to $20 happened.

Yes I know, neither will happen.  A guy can dream however...

Mon, 01/03/2011 - 16:29 | 844963 Hearst
Hearst's picture

My thoughts exactly.  Just got sent a new Citi card with 0% APR for 18 months.  If Silver drops to $25 I'm loading up.  Fuck the surcharges incurred by paying with plastic.  I'll take the physical.  If this corrupt economic system is still standing this time next year I'll deal with that then.

Mon, 01/03/2011 - 21:38 | 845556 thetruth
thetruth's picture

I think I got the same card in the mail.  What is the credit limit on that?  Got another one from Citi with General Motors rewards.  That's even better

Tue, 01/04/2011 - 00:07 | 845806 Hearst
Hearst's picture

Only $8700,,or just about enough to buy half a green box of eagles.  It's not to uncommon to get 12 Mo 0% APR, but 18% is rare (for me).  If Silver dips I may contact them to try and get a larger limit.  Never got a GM one...

Mon, 01/03/2011 - 16:32 | 844987 destraht
destraht's picture

Don't scare me like that.

Mon, 01/03/2011 - 15:32 | 844796 EscapeKey
EscapeKey's picture

What are the odds of a decision not going the way of the big corporation?

How can you trade on this near certainty?

Mon, 01/03/2011 - 15:33 | 844801 TruthInSunshine
TruthInSunshine's picture

Why would anyone want to take on the risk of trading this unless they're on schedule for meetings with Obama, Geithner, Bernanke, Sacks & Co.?

Mon, 01/03/2011 - 15:35 | 844808 Spalding_Smailes
Spalding_Smailes's picture

Buy semiconductors. SPRD,MIPS ... 


Mon, 01/03/2011 - 15:32 | 844797 Ferg .
Ferg .'s picture

Well that worked out beautifully . Shorted WTI crude futures at $92.50 a barrell earlier .

Mon, 01/03/2011 - 15:33 | 844803 Internet Tough Guy
Internet Tough Guy's picture

They have been smacking the metals all day. Any excuse will do.

Mon, 01/03/2011 - 15:33 | 844804 The Disappointed
The Disappointed's picture

Not much of a 'whack' to the price of silver, IMHO.

If 30 cents are as much as 'they' can manage anymore, then the end game is truly upon us.

Mon, 01/03/2011 - 15:37 | 844813 Freddie
Freddie's picture

The JP Morgue and The Ben Benank with Blythe will keep trying to whack silver. 

Mon, 01/03/2011 - 15:51 | 844850 Sudden Debt
Sudden Debt's picture

This might well be their last smokescreen opportunity to try to get the price down.

And the more they try to supress it, the more it jumps back and the worse it gets for them.

Also there seem to be involved many more banks involved in the shorting escapade and the total silver bet is now growing to nearly 317 billion dollars. Enough to sink all these banks involved.

So I think we might expect some nasty rumors to try to get it down if this one fails.

Mon, 01/03/2011 - 16:11 | 844907 The Disappointed
The Disappointed's picture

And now I read that bazillionaire Carlos Slim is going to buy (some/all) of Fresnillo....

Maybe that is the reason a takedown was needed today.

Mon, 01/03/2011 - 17:07 | 845095 Oso
Oso's picture

this rumour first appeared summer time.  While it seems logical, nothing has happened yet, so dont get too excited yet.  The majority shareholder is one of the other richest dudes in Mexico.

Mon, 01/03/2011 - 16:54 | 845050 Drag Racer
Drag Racer's picture


Top scientists and enviromental experts have found a direct link between silver and global warming. All silver must be ............... sorry, we are experiencing technical difficulties due to net nuetrality.

Mon, 01/03/2011 - 15:34 | 844806 CrashisOptimistic
CrashisOptimistic's picture

Do you realize that from the moment a GOM drill operation starts until the first drop of oil flows is 5+ years?  It will take an extra year to reserve the equipment, now off the coast of Ghana.  

Expect more meaningless announcements because the one thing they are not is stupid.  They know oil is everything.  If it takes off, wars start.

Mon, 01/03/2011 - 15:44 | 844812 AGoldhamster
AGoldhamster's picture

This is just noise (or after market rigging of the finest) - that will not change Turks outlook for 2011 at all:

Gold 2000, low in January
Silver 50, high in first half of 2011
Crude 150
Copper 6
XAU 300
GSR 30 (that would implicate 66.67 for silver!)
Another Lehman
Dollar collapse as of end of 2011

btw also other commodities went south - or at least they took note - algo logic: more crude makes production of all commodities cheaper. But guess this stuffs memory will be just very shortlived ...

Mon, 01/03/2011 - 16:15 | 844923 Hephasteus
Hephasteus's picture

I like your analysis but I'm going to have to change to copper to 9 bucks and crude to 240 spike 180 settle. Everything else looks about right to me.

Mon, 01/03/2011 - 17:17 | 845122 AGoldhamster
AGoldhamster's picture

Agree on copper way too low with 6. Copper chart in the weekly looks like gold in the daily inbetween July and December. If correct that means a huge move is coming.

Mon, 01/03/2011 - 18:05 | 845233 ColonelCooper
ColonelCooper's picture

I like the copper call, but am gonna put silver closer to 85.  I think it is going to split the gap in achieving its historical ratio.

Tue, 01/04/2011 - 04:02 | 846012 Hephasteus
Hephasteus's picture

Interesting. Too bad it's the same old game. But it's fun to try to figure out what happens right up until the hat lands on park place with 4 hotels and kills everybody with tainted brow sweat.

Mon, 01/03/2011 - 15:36 | 844814 Drachma
Drachma's picture

"Obviously, this is just because silver extraction is so very closely tied to how deep underwater a given jack up can reach."

LMFAO. What do you expect from the Matrix Reality of Wall Street? Happy New Year!

Mon, 01/03/2011 - 15:36 | 844818 system failure
system failure's picture

Trading today's market evolves from making a good rational decision from applying all of your variables and indicators. Gage sentiment from talking at the local pub and once you made a decision, do the opposite and last but not least, BTFD....all you need to know.  

Mon, 01/03/2011 - 15:47 | 844843 MsCreant
MsCreant's picture

Let's sit in a circle, hold hands, close our eyes, and chant:


Mon, 01/03/2011 - 15:55 | 844863 Sudden Debt
Sudden Debt's picture

will there be weed?

Mon, 01/03/2011 - 16:00 | 844873 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

D'flation is hitting the price of ganja hard...there will have plenty of pot.

I'm gonna burn one down/I am gonna

Mon, 01/03/2011 - 16:01 | 844881 TruthInSunshine
TruthInSunshine's picture

Bernanke & Blankfiend are probably rolling a fattie right now.

Mon, 01/03/2011 - 16:17 | 844917 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Lloyd and Bernanke are burnin' buds in the Temple of the Fed, and crackin' jokes that Timmah is wound too tight. 

"Come on Timmah, hit this 'ish man!"  Timmah waved them off and walked to the fridge and popped the top off a bottle of red bull.    Barry walked in and grabbed the joint from Bernanke, "I was never here," he winked.  "Me neither," said Timmah, his face glued to the PPT video game he played on his Blackberry.  "Timmah you are such a square."  "Shut up Bernanke!"  Bernanke mimicked him, "Shud up, Bernanke."   "Damn it you two, you are killin' my high!  If you are going to be debbie downers go hang out with Napolitano.  Besides, I am going to shoot hoops in five and I got to have my mojo workin'."  "Alright Bam, stop by tonight, Barney and I are lighting up the hooka."  "lookin' forward to it."  "Can I come?"  Asked Timmah.  "Why?  So we can listen to you tell us boring stories about you sedating Chinese hookers?"  "I hate those stories." said Lloyd as he puffed. 

Mon, 01/03/2011 - 16:21 | 844936 Terminus C
Terminus C's picture

I think this could turn into a hit sit-com.

We could call it, "That 10's Show"

Mon, 01/03/2011 - 16:27 | 844955 TruthInSunshine
TruthInSunshine's picture

Ben & Lloyd getting stoned, watching 'Manswers' on Spike (something Robo watches religiously, no doubt) while munching on Cool Ranch Doritos, and prank calling Timmay Geithner.


Mon, 01/03/2011 - 23:18 | 845716 Almost Solvent
Almost Solvent's picture


Mon, 01/03/2011 - 16:31 | 844980 tickhound
tickhound's picture

A fattie with red hairs... while they sell us the green shoots

Mon, 01/03/2011 - 16:01 | 844879 MsCreant
MsCreant's picture

You bring weed and I will BTFD. Chips anyone? Drinks?


Mon, 01/03/2011 - 16:10 | 844905 Hephasteus
Hephasteus's picture

They think they are going to swamp the real physical market with shell company paper sales from foreign countries.

Mon, 01/03/2011 - 19:52 | 845415 MsCreant
MsCreant's picture

Does this mean you are out? Or is it white knuckle time?

Mon, 01/03/2011 - 16:38 | 844977 saulysw
saulysw's picture

Just as long as there is no double dip action, I'll bring the drinks..

Mon, 01/03/2011 - 19:58 | 845432 MsCreant
MsCreant's picture

Nice, glad to have you at the party.

Mon, 01/03/2011 - 18:09 | 845242 Sun Tsu
Sun Tsu's picture

Incense, cocoa butter and popcorn

Mon, 01/03/2011 - 16:04 | 844891 EscapeKey
EscapeKey's picture

No, there won't. There will be printouts of the current stock market performance, relative to the economy as a whole. But this is strong stuff, man, you can't look at them for too long. And watch out for the pigs, man, they bust people carrying strong hallucinogenics.

Mon, 01/03/2011 - 16:12 | 844906 TruthInSunshine
TruthInSunshine's picture

Pigmen dig up and bring psychedelic truffles.

Mon, 01/03/2011 - 15:37 | 844819 gwar5
gwar5's picture

Allowing 13 drillers in the gulf and oil and silver went down?  Wow.

Lord only knows what would happen if they turn the water back on in Central CA. 

Mon, 01/03/2011 - 15:41 | 844828 Cdad
Cdad's picture

Oil is not going down because of the drillers.  It is going down because Larry Kudlow pants'd Jan Hatzius on the very matter of the economy, oil, and oil futures and how they are manipulated by crushing dollar...with counterfeit dollars printed by the Fed and passed by the criminal syndicate known as Wall Street.

Get up to speed, man.

Mon, 01/03/2011 - 15:54 | 844858 TruthInSunshine
TruthInSunshine's picture

Larry Kudlow has at least retained 1 ounce of his soul and dignity by still talking about "King Dollar?"

And The Government...uhm, I mean GE/CNBsC hasn't terminated him yet?

Someone needs to warn Larry that any notion of "King Dollar" can be thrown into the dumpster so long as Bernanke & Crew are left to their devices.

Mon, 01/03/2011 - 16:00 | 844878 Ragnarok
Ragnarok's picture

When does Comcast take control of management of NBC Universal?

Mon, 01/03/2011 - 16:35 | 844998 Cdad
Cdad's picture

Not soon enough?

Mon, 01/03/2011 - 15:42 | 844831 john milton
john milton's picture

drill baby drill....;)

Mon, 01/03/2011 - 15:45 | 844838 Grifter
Grifter's picture

Hey Banzai - can we get a photoshopped Girls Gone Wild cover instead called "Correlation Desks Gone Wild!"

Mon, 01/03/2011 - 15:47 | 844845 RobotTrader
RobotTrader's picture

Too many gloomers are long gold and oil.

Just needed a catalyst to whack both.

No wonder the XRT refuses to sell off.

Mon, 01/03/2011 - 15:51 | 844847 Internet Tough Guy
Internet Tough Guy's picture

Average LA drivers are now luxuriating in 3.40 gas. Just 60 more cents and you are history.

Mon, 01/03/2011 - 15:54 | 844855 EscapeKey
EscapeKey's picture

According to Robo, $5 is strongly bullish. $2 petrol is strongly bullish too. As is a clear blue sky. And dementia. Dementia is strongly pancakes.


Mon, 01/03/2011 - 16:02 | 844865 TruthInSunshine
TruthInSunshine's picture

Robo is going to be the fade for 2011.

Many have insinuated something along these lines, but I'm on record that you heard it expressly here first.

The Fade Robo trade is on.

With or sans jiggling jugs.

(No, I didn't junk Robo, but will begin soon if he doesn't provide us with some jug love - you've been slacking lately, Robo)

Bonus: QE really does end in June, also, when Americans are paying $4.20 a gallon, and the stock market has already been tanking for months - Bernanke gets precious little love, and much anger is directed at ObaMao.

Mon, 01/03/2011 - 16:05 | 844885 Cdad
Cdad's picture

Bavo Truth!  Agreed.  This stuff matters...and this stuff is coming out.  Average Joe is figuring it out as the credibility of this market quickly approaches zero.

Criminal Synicate Wall Street Bankers = Bagholders!

This is going to be a good year, with our without Robo...who I agree will be a fading trade.  I think both L. Kudlow and E. Burnett are actually out in front of him now...

Mon, 01/03/2011 - 16:04 | 844886 john milton
john milton's picture

here in scandinavia we have 1,5e/litre...must be a green shoot then..

gulf of mexico is ruined no harm from future leaks..drill baby..

did sarah palin just got elected...

Mon, 01/03/2011 - 16:07 | 844893 EscapeKey
EscapeKey's picture

Palin, Obama, what's the difference? Oh, I know - rhetoric.

Mon, 01/03/2011 - 16:07 | 844894 RobotTrader
RobotTrader's picture

Only 9 trading days left until January 14.

Gold needs to rise $12.32/day, every trading day.

Otherwise, General Jim is history.


As far as RobotTrader is concerned, I bought enough UGA at $32 - $34 to lock in sub $3.00/gal. gas for the next 3 years.

It's going to be a great summer for Robot....


Mon, 01/03/2011 - 16:09 | 844898 EscapeKey
EscapeKey's picture

You know, I'd subscribe to your porn newsletter.

Mon, 01/03/2011 - 16:22 | 844943 Sudden Debt
Sudden Debt's picture

Be cautious about woman with abs.


and mustaches...


and hair on their but...



Mon, 01/03/2011 - 16:17 | 844925 Bay of Pigs
Bay of Pigs's picture

Nice work Big Shot. We're all impressed with your "trading" skills. But I'm sure Mr. Sinclair doesn't need your advice on gold. You will miss the Silver Train by the looks of it too. Fade out Robo...

Mon, 01/03/2011 - 16:21 | 844929 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Those look 16, maybe younger.

Mon, 01/03/2011 - 16:30 | 844966 Instant Karma
Instant Karma's picture

I'm quite sure each of them is 18. Otherwise it would be inappropriate; although in truth 16-17 is often not prosecuted.

Mon, 01/03/2011 - 16:42 | 845015 EscapeKey
EscapeKey's picture

16 is legal here in the UK.

Mon, 01/03/2011 - 16:55 | 845047 DaveyJones
DaveyJones's picture

That's the only yardstick? I think their fathers may disagree

Mon, 01/03/2011 - 17:21 | 845133 gmrpeabody
gmrpeabody's picture

Too bad their fathers' are unarmed.

Mon, 01/03/2011 - 18:09 | 845246 ColonelCooper
ColonelCooper's picture

That's funny.

Mon, 01/03/2011 - 16:43 | 845019 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

16 was being generous I think the girl on the right is 14.

Mon, 01/03/2011 - 17:08 | 845098 MachoMan
MachoMan's picture

fake tits on second from left?  (I do know of underage girls getting tit jobs, but I think it's generally safe to assume they're fair game...  If that isn't parental consent, I have no idea what is).  Needless to say, I doubt you would have to walk in on some asshole cleaning his guns conveniently at the same time you came over to pick her up for the date.

Mon, 01/03/2011 - 18:01 | 845220 gmrpeabody
gmrpeabody's picture


Mon, 01/03/2011 - 19:52 | 845414 Don Birnam
Don Birnam's picture

Nah...definitely college-age.

Mon, 01/03/2011 - 16:22 | 844945 The Third Man
The Third Man's picture

Geesh, man. At least have the decency to post pics of teens older than sixteen, or else your summer will be spent in the county hoosgow.

Mon, 01/03/2011 - 17:08 | 845040 DaveyJones
DaveyJones's picture

well said. Takes a big man to return to his high school looking for dates. Just what this site needs, a regular "contributor" drooling over bikini girls that other regular visitors are complaining look 14-16. Remove the picture.   

Mon, 01/03/2011 - 17:09 | 845104 MachoMan
MachoMan's picture

I'm pretty sure you guys have just been too far removed from college...

Mon, 01/03/2011 - 17:11 | 845111 Bruno the Bear
Bruno the Bear's picture

Usually see these kinds of pictures in the Money McBag rants.

Mon, 01/03/2011 - 18:23 | 845282 cuxxy
cuxxy's picture

Robo, you made the 'trade the tape' cartoon. Why you don't apply this approach on silver and gold?

Mon, 01/03/2011 - 20:38 | 845478 Who is John Galt
Who is John Galt's picture

It is a KNOW Jew distraction technique to post scantily clad teenage girls on web sites to detract from intelligent conversation.

Do you use MEGAPHONE too Herr RoboTraitor?



Mon, 01/03/2011 - 15:53 | 844862 LoneStarHog
LoneStarHog's picture

Your correlations are about as f**cking ignorant as those of the general markets.

Mon, 01/03/2011 - 20:35 | 845475 Who is John Galt
Who is John Galt's picture

I do believe that RoboTraitor is indeed Larry Kudlow. TPTB are too cheap to pay 2 separate people to do the same job.

Mon, 01/03/2011 - 15:47 | 844846 Sudden Debt
Sudden Debt's picture

Oil used to be liquid black gold.

Now oil is liquid black SILVER BITCHEZ!!!


We've seen these drops before, always followed by a rise.

Also, Europe is toast. It's pretty clear right now so we'll be buying as much as we can.

Mon, 01/03/2011 - 16:18 | 844933 knukles
knukles's picture

Buying toast?

Mon, 01/03/2011 - 15:53 | 844853 topcallingtroll
topcallingtroll's picture

Ive been calling a top in silver since I sold all my silver at 27. Get out now! The sky is falling! The troll wants to buy back in at 24. Sell! Sell! Before its too late!

Mon, 01/03/2011 - 15:54 | 844857 NotApplicable
NotApplicable's picture

GoM? Nah, silver got spanked because Wikileaks says that Israel is getting ready to go full retard.

No? Ok, how about Lindsey Lohan's release from Betty Ford today? Poor girl can't even get a job acting like a porn-star.

Mon, 01/03/2011 - 16:23 | 844947 knukles
knukles's picture

LiLo finds Gandhi, gets released and all I get's the boobs on CNBS.  Will nobody ever please tell me where and when her next release date will be?  I'd very much like to be there to greet her with a 1.75 of Smirnoff. 

"Hello, how are you, won't you tell me your name...."

Mon, 01/03/2011 - 16:29 | 844973 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

When is Isreal not planning a war? 

Mon, 01/03/2011 - 16:40 | 845010 destraht
destraht's picture

Actually oil and silver dropped today because Lenovo just announced the x120e notebook powered by the AMD Fusion processor.

Israel only designs processors for Intel so not relevant.

Mon, 01/03/2011 - 21:01 | 845496 DosZap
DosZap's picture

Silver got slapped because China bailed out SPAIN.

And, China is fixing to hit the wall.(Silver is THE metal of the next 10yrs),if the economies of the world got back online tommorrow, the start time for new mines, and restarts, is 2-3 yrs.

Plus we are NEGATIVE supply now, and will be for a while.

There is no reason it should go back to $20's.

$40-$50,00 by June easy.

Mon, 01/03/2011 - 15:53 | 844859 Irelevant
Irelevant's picture

Worth watching from min. 25.20

Mon, 01/03/2011 - 15:55 | 844868 fiftybagger
fiftybagger's picture

Yawn, we are still above 30.  Wake me up if we ever hit 28 so I can buy some more.

Mon, 01/03/2011 - 16:23 | 844948 The Count
The Count's picture

+1 on that.

Mon, 01/03/2011 - 15:58 | 844871 walcott
walcott's picture

preparation for all out middle east war? When Iran gets attacked persian gulf supply gets whacked.

Mon, 01/03/2011 - 15:59 | 844872 walcott
walcott's picture

war with Iran silver gold off to the races.

Mon, 01/03/2011 - 16:09 | 844899 DutchR
DutchR's picture

Did the tax change from 6% to 19% made a dent?

Mon, 01/03/2011 - 16:11 | 844904 MrBoompi
MrBoompi's picture

Most of the world markets seem to be synchronized.  This is what happens when machines do the majority of the trading across every market.  HFT rules, bitches!

Mon, 01/03/2011 - 16:15 | 844918 Dr. Porkchop
Dr. Porkchop's picture

Went to the coin shop today and plunked down my fiat for another ten Silver Maples. Next pay, I'll be back to do the same. Or perhaps I'll acquire some smaller gold pieces, budget allowing. At this point, I'm just buying whenever I can.

Mon, 01/03/2011 - 16:17 | 844930 goldmiddelfinger
goldmiddelfinger's picture

Sold all mine Dec 7 2010. Hundreds of Morgan MS65s, Silver Eags, $20 Gold Libs. All of it!  Coins are horrible investments

Mon, 01/03/2011 - 16:22 | 844938 The Count
The Count's picture

Surely you jest! If not, you will regret (like in really, really regret) this in a very short time.

Mon, 01/03/2011 - 16:35 | 844957 goldmiddelfinger
goldmiddelfinger's picture

The last person that sounded like you was my real estate broker in summer 2005 when I sold my 2 homes in LA before moving to FL.


Morgan MS 65s traded in the $60-75 range across the mid 1990s and now trade in the mid $120-130s. Some return.

Mon, 01/03/2011 - 23:10 | 845698 tallystick
tallystick's picture

You never owned any coins.

Mon, 01/03/2011 - 16:45 | 845006 ColonelCooper
ColonelCooper's picture

Think how much money you could have made if you would have bought simple bullion, bars or junk.  So instead of realizing you made a bad buy, you blame the metal itself.   You sir, are a douche.

Mon, 01/03/2011 - 16:57 | 845059 goldmiddelfinger
goldmiddelfinger's picture

You don't read well do you?

I said coins were a horrible investment.

I didn't mention bullion or miners or paper.

You my dear, are a strumpet and a failure to the female species.

Mon, 01/03/2011 - 17:04 | 845085 Raynja
Raynja's picture

Most people would view coins as insurance and paper as speculation. Hope the whole place doesn't burn down with your lapsed coverage.

Mon, 01/03/2011 - 17:43 | 845190 ColonelCooper
ColonelCooper's picture

I must apologize for also taking into account the context of EVERY SINGLE other post you have left since you picked up and carried the PM Troll Banner when Johnny Bravo was shot in the head.

You did say that you sold Eagles, which last time I looked were considered bullion.  Then again, since you more than likely made the whole thing up, we will forgive you your ignorance.

Tue, 01/04/2011 - 11:06 | 846404 RockyRacoon
RockyRacoon's picture

Selling the numismatic coins for their premium was smart.  Selling the Eagles, not so much.  If you buy back into bullion with your proceeds you will have proven yourself to be a smart trader.

Mon, 01/03/2011 - 16:24 | 844952 goldmiddelfinger
goldmiddelfinger's picture

Remember- starting in 2012 you'll be 1099ed on all SALES to even the smallest dealer which aggregate over $600. He'll be counting because he's must 1099 his BUYS 

Mon, 01/03/2011 - 16:33 | 844985 Instant Karma
Instant Karma's picture

Hopefully this provision will be repealed. It's so onerous even the Dems will back off on it.

Mon, 01/03/2011 - 21:18 | 845514 DosZap
DosZap's picture

I have no doubt it will be done away with.

IF its not, then there will be absolutlely no doubt the PTB are destroying the country.

This 1099 shit affects EVERYONE.............taht has any kind of business.

Mon, 01/03/2011 - 16:33 | 844992 Dr. Porkchop
Dr. Porkchop's picture

I'm Canadian. They don't even ask my name when I buy here, as long as it's under $10k, (at which point they assume you must be a criminal.).


Mon, 01/03/2011 - 16:37 | 845003 goldmiddelfinger
goldmiddelfinger's picture

Gee, will the border patrol let me bring massive quanities into O'Canada in 2012 and will the dealers there give me top bids?

Mon, 01/03/2011 - 16:53 | 845037 destraht
destraht's picture

So think about that $10k limit. A few years ago that would purchase 10 gold coins. A few years from now it will only be 2 or 3 coins. Same with declarations except that they scan you down and I'd be willing to bet that they will start documenting *anything* unusual like coins.

Mon, 01/03/2011 - 20:05 | 845440 DaBernank
DaBernank's picture

Here at the Austrian mint, it's anonymous to buy under 15k euros. There's always Russians trading for fiat. A few months back a Russian in a suit threw down stacks of 500 euro notes on the counter to buy 1-kilo bars of AU and when asked for his ID, the body guard coughed up his for the sale. The smart money follows the Russian mob.

Mon, 01/03/2011 - 21:08 | 845503 DosZap
DosZap's picture

Dr, they do not here either.

Unless your a regular customer,and buy/sell a lot.

Its nobodys bidness.

Just make sure you do not do it that way more than 5 times a year.

Tue, 01/04/2011 - 11:51 | 846538 MsCreant
MsCreant's picture

Why 5?

Mon, 01/03/2011 - 16:47 | 845022 destraht
destraht's picture

That is why you need to smuggle them all out of the country on a yacht. I think that as awesome as Brazil would be with a boat that the Pacific island option makes up for it. Crossing the tip doesn't sound good to me. Basically what I am saying is take your coins somewhere else and buy prostitutes. You will feel super boss style flicking a silver coin at them.

Mon, 01/03/2011 - 18:15 | 845199 ColonelCooper
ColonelCooper's picture


Mon, 01/03/2011 - 16:15 | 844920 goldmiddelfinger
goldmiddelfinger's picture

TD monthly exhaustion count-sale setup has silver at +9 December



Mon, 01/03/2011 - 16:17 | 844928 The Third Man
The Third Man's picture

You're all wrong... from Bloomberg

Bank of America Corp. rallied 6.5 percent after resolving disputes with Freddie Mac and Fannie Mae by agreeing to pay more than $2.6 billion to settle claims it sold loans based on faulty information.

"faulty information"... Say What??




Mon, 01/03/2011 - 16:30 | 844975 knukles
knukles's picture

For every such settlement, the finely worded press releases are crafted and agreed to a priori by all parties to the action.... 
The GSE's and their regulators all pitched in with that specific language. 
No harm, no more foul. 


Let me be the first to call, a second time this New Year....


Tue, 01/04/2011 - 11:44 | 846514 RockyRacoon
RockyRacoon's picture

"Faulty information" is the new euphemism for LIES, DECEIPT, FRAUD and THIEVERY!

If I write a hot check it's okay; I was the victim of "faulty information".

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