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Crude Dropping On CL Margin Hike Rumor

Tyler Durden's picture




 

And so the margin hike rumor mill shifts from silver to crude. Pretty soon nobody will dare to invest any capital in commodities (or FX) for fear of an imminent 100% margin spike by the exchanges, causing the S&P to trade at 100x P/E, and letting China buy up every commodity at a 50% off. Another brilliant ploy to preserve the wealth effect while not accounting for any possible side effects of Printocchio's actions.

 

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Fri, 05/06/2011 - 14:38 | 1248649 the mad hatter
the mad hatter's picture

printocchio is Jewish. his nose is already big.

 

was that racist?

Fri, 05/06/2011 - 14:56 | 1248745 CPL
CPL's picture

Can't explain it enough.  As who cares if it's racist.  Other things to worry about.

 

That's the dip people.   BTFD   Run for the exits or pick up the shit.  Esaier to make money.

Fri, 05/06/2011 - 15:13 | 1248807 Id fight Gandhi
Id fight Gandhi's picture

That would explain a lot.

Fri, 05/06/2011 - 16:06 | 1248995 Creed
Creed's picture

this is the best spot I could find for my inflation anecdote

just got back from shopping

 

Yuban 33 oz was $6.98 now $12.97

generic "coffee" $6 now $10.70

across the board UP on coffee

 

 

I rooted out 22 cans of sale priced and discontinued stuff & added it to my stockpiled 15 cans

 

I have a feeling joe six pack aint gonna like being joe three pack this summer

Fri, 05/06/2011 - 16:18 | 1249050 SoNH80
SoNH80's picture

$13 for two pounds of mediocre coffee?? Jeez....

Sat, 05/07/2011 - 09:50 | 1250747 Urban Redneck
Urban Redneck's picture

Speaking of mediocre coffee, in Switzerland, Coop normally sells 1.5kg/3.3lb packages of Chico D'oro for CHF 26.70, which works out to USD 9.27 PER POUND.  Purchasing power parity can be a bitch.   

Fri, 05/06/2011 - 20:14 | 1249859 caconhma
caconhma's picture

It is the fact that almost all Wall-Street and World Central banksters are Jews. The same goes for the mainstream media and Hollywood. It  is controlled by Jews.

Just to say that the overwhelming majority of basketball and football players are black is not a racist statement. It is the fact. 

It is about time for America to face the reality and factual information instead of name calling.

 

Fri, 05/06/2011 - 14:36 | 1248651 TruthInSunshine
TruthInSunshine's picture

Printocchio Bernankincide.

What is underneath that beard?

Is that where he stores his '15 Minute Anti-Inflation Serum?'

We WANT to know.

Fri, 05/06/2011 - 14:41 | 1248653 bob_dabolina
bob_dabolina's picture

I think there's something more to it.

Everything is starting to slip and the dollar is catching strong bids.

I think this slippage is more related to the euro

Fri, 05/06/2011 - 15:33 | 1248882 Bay of Pigs
Bay of Pigs's picture

Yes, there is more to it. Gold in Euros ready to take off again. Both look terrible when viewed from this perspective. Check out the 5 year chart.

http://www.kitco.com/gold_currency/charts.htm?EURO

Fri, 05/06/2011 - 14:36 | 1248654 The Count
The Count's picture

Anybody see through Bernanke's system? Pump up the commodity ballon. When fear of explosion is great have the sector implode on some bogus reason. Rinse, repeat.

 

Fri, 05/06/2011 - 14:39 | 1248663 camaro68ss
camaro68ss's picture

+1 yes, the bernake is master of all markets. all hail the bernake, the saver of Rome

Fri, 05/06/2011 - 17:01 | 1249230 Smiddywesson
Smiddywesson's picture

Yes, The Count wins the prize.

The original plan was to have the stock market bail out the banks, because there isn't enough government money to bail them out.  (however, they were willing to try)

But retail involvement in the stock market dried up.  Then we had a balloon in commodities.  Retail rushed into that, especially silver.  Wham!  The hammer comes down and the trading desks of the banks bail out the boat just a little more.

They need bubbles to separate us from our cash and save the world, well their world at least, the big banks.

Any bubble now is suspect.  They will make them, and pop them, over and over.  The banks need the money.

Fri, 05/06/2011 - 19:52 | 1249692 The Count
The Count's picture

The bummer part is, that just like an addict that takes uppers and downers, eventually the old heart makes 'poof' and end of story. The Bernank cannot play this game forever. I for my part say, screw it all, let the chips fall where they may.

 

Fri, 05/06/2011 - 14:39 | 1248656 NOTW777
NOTW777's picture

how about a margin hike on fraud, on manipulated gov data

Fri, 05/06/2011 - 14:39 | 1248669 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

You mean increasing the Fed Funds Rate?

 

Lovely dream there..

Fri, 05/06/2011 - 14:45 | 1248689 SqueekyFromm
SqueekyFromm's picture

When in the world did you start posting here???

Might I suggest that you actually read these Internet Articles BEFORE commenting on them. The people here are pretty smart and you need to stay on your toes!!!

Squeeky Fromm, Girl Reporter

Fri, 05/06/2011 - 14:48 | 1248721 SheepDog-One
SheepDog-One's picture

I think he actually did read it, just tongue in cheek refering to the hike on corruption being a fed funds rate hike, which is of course 1 thing they will never hike.

Fri, 05/06/2011 - 15:03 | 1248773 SqueekyFromm
SqueekyFromm's picture

I know him from someplace else. So I just wanted to say Hi!!! to him. Oh, BTW (whch means by the way) I just love how when there is supposedly no speculation effect in oil prices, how the fear of margin hikes just chases all the Airlines and Trucking Companies out sooo fast.

Squeeky Fromm, Girl Reporter

Fri, 05/06/2011 - 17:15 | 1249282 fuu
fuu's picture

"Oh, BTW (whch means by the way)"

 

Texas Gunslinger?

Fri, 05/06/2011 - 19:27 | 1249695 The Count
The Count's picture

You're a real smart ass. Proud of yourself?

Fri, 05/06/2011 - 19:27 | 1249697 The Count
The Count's picture

You're a real smart ass. Proud of yourself?

Fri, 05/06/2011 - 15:02 | 1248775 AG BCN
AG BCN's picture

rag week?

Fri, 05/06/2011 - 14:55 | 1248754 Spastica Rex
Spastica Rex's picture

One of the best avatars of all time.

Meet The Feebles = Peter Jackson's greatest film accomplishment.

http://youtu.be/BCcaMIcwz30

Fri, 05/06/2011 - 15:09 | 1248792 CrazyCooter
CrazyCooter's picture

OMG ... I saw that in the theatre when it came out ... a friend took me ... I had no idea what it was ... and when it started I thought "Oh, its the muppets". WRONG!

Once the shock wore off (several times) ... I realized what a really great movie it was.

That genre is much more common today, but when it came out ...

Regards,

Cooter

Fri, 05/06/2011 - 15:29 | 1248866 Dr. No
Dr. No's picture

Personally, Im a "Scarfies" fan.

Fri, 05/06/2011 - 14:57 | 1248760 Sophist Economicus
Sophist Economicus's picture

Are you spanking your monkey in public?

Fri, 05/06/2011 - 14:45 | 1248690 SheepDog-One
SheepDog-One's picture

Is there anyone actually left to play in this totaly rigged casino anymore? Who the hell is going all-in long term on anything, when at the drop of a hat the muksters throw in a wrench and reset it all when its not going exactly their way? This is all just stupid now.

Fri, 05/06/2011 - 17:06 | 1249246 Smiddywesson
Smiddywesson's picture

So join each bubble, and when it gets really going, get out and wait for the margin hikes to tell you to go short.

There are going to be so many bubbles with Ben at the helm.

Fri, 05/06/2011 - 14:42 | 1248672 cat2
cat2's picture

Let's freakin kill the futures and derivatives.  They are just fraud tools for wall street anyway.  Physical EVERYTHING.

Fri, 05/06/2011 - 15:15 | 1248817 DosZap
DosZap's picture

cat2.

Oh, HELL NO!.

Too many greedy bstds, for us to actually say NO MAS.

Go 100% physical.................

They would shit their pants.It would crash their entire system.If you think Silver got their attention(as China buys it all on the Dip), courtesy of the Bernak...........50% disc(as Tyler said.)

And , BTW, Sprott/Hindie, back in Slvr 100%.

Fri, 05/06/2011 - 15:17 | 1248821 JW n FL
JW n FL's picture

Republican-controlled committee voted for a 18-month delay of regulations intended to reduce risk in OTC Derivatives. http://goo.gl/4IYGP

Fri, 05/06/2011 - 15:35 | 1248900 docj
docj's picture

All hail the Blue Team. Our saviors and deliverers.

Right JW?

Fri, 05/06/2011 - 15:38 | 1248906 Ruffcut
Ruffcut's picture

For our own good, I presume?

"let's wait for after next election, or a comet that hits earth."

With congress, who needs terrorists.

Useless as tits on a bull.

Thanks JW, for giving the me the shits, again.

Fri, 05/06/2011 - 14:39 | 1248673 Josh Randall
Josh Randall's picture

Knife catching time

Fri, 05/06/2011 - 14:40 | 1248675 BandGap
BandGap's picture

Not racist, just stupid.

Fri, 05/06/2011 - 14:41 | 1248682 Goofy Bastard
Goofy Bastard's picture

Stupid sums it up

Fri, 05/06/2011 - 15:16 | 1248833 JW n FL
JW n FL's picture

http://palsolidarity.org/ Rachel Corrie was Murdered by Israel!

http://www.youtube.com/watch?v=O3JI-axaRF4 WAKE UP! & see the FACTS! NOT CNN

******************************************************************************

it is, what it is.

Fri, 05/06/2011 - 17:05 | 1249235 Ident 7777 economy
Ident 7777 economy's picture

Rachel Corrie
- - - - - - - -

Rachel Aliene Corrie (April 10, 1979 – March 16, 2003) was an American member of the International Solidarity Movement (ISM).

The International Solidarity Movement (ISM) is a Palestinian-led organization focused on assisting the Palestinian cause in the Israeli-Palestinian conflict using nonviolent protests. It was founded in 2001 by Ghassan Andoni, a Palestinian activist; Neta Golan, an Israeli activist; Huwaida Arraf, a Palestinian-American; and George N. Rishmawi, a Palestinian activist. Adam Shapiro, an American, joined the movement shortly after its founding and is also often considered one of the founders.

The events surrounding Corrie's death are disputed. ISM eyewitnesses assert that the Israeli soldier operating the bulldozer deliberately ran Corrie over while she was acting as a human shield to prevent the demolition of the home of local pharmacist Samir Nasrallah.[20][21] The ISM said she was interposed between the bulldozer and a wall near Nasrallah's home, in which ISM activists had several times spent the night.[6] The Israeli Government and the IDF denied that version of events and described Corrie's death as an accident. The official Israeli response stated that Corrie was killed by debris pushed over by the bulldozer, that the operator did not see her, and that the bulldozer was clearing brush and not engaged in a demolition when Corrie blocked its path. This was the conclusion reached in June 2003 by a military investigation by the Israel Defense Forces Judge Advocate’s Office. “The driver at no point saw or heard Corrie,” an army source told the Jerusalem Post. “She was standing behind debris which obstructed the view of the driver and the driver had a very limited field of vision due to the protective cage he was working in.” Other reports say the Israeli government alleged that the house being demolished contained a tunnel used for smuggling weapons from Egypt.[22]

The major points of dispute are whether the bulldozer operator saw Corrie, and whether her injuries were caused by being crushed under the blade or by the mound of debris the bulldozer was pushing. An IDF spokesman has acknowledged that Israeli army regulations normally require that the operators of the armored personnel carriers (APCs) that accompany bulldozers are responsible for directing the operators towards their targets, because the Caterpillar D9 bulldozers have a restricted field of vision with several blind spots.

- - - - - - - -

JUST so we all know ...

Fri, 05/06/2011 - 17:09 | 1249255 Smiddywesson
Smiddywesson's picture

Holy smokes, it's the Judean People's Front!

 

Fri, 05/06/2011 - 14:40 | 1248677 SheepDog-One
SheepDog-One's picture

So now we can run an efficient economy just based upon hiking margins...COOL!

Fri, 05/06/2011 - 14:40 | 1248678 falak pema
falak pema's picture

The corrupt freeze-up of US commodity markets is the price you pay for being a manipulative cheat! The Chinese will benefit from it 'cos they don't have their nuts in the wringer like the desperate PDs and their surrogates. They can make longer term plays which the ultra-leveraged PDs cannot. Oh the misery of being hoisted on your own most powerful instrument the deadly leveraged petard, now a lethal pike that awaits its crowning trophy : your Oligarchic head!

Fri, 05/06/2011 - 14:51 | 1248725 narnia
narnia's picture

the air in my tires is low.  do you recommend i solve that by loosening the lugnuts?

Fri, 05/06/2011 - 14:54 | 1248739 SheepDog-One
SheepDog-One's picture

Remove the air valve to guard against any pesky inflation.

Fri, 05/06/2011 - 14:52 | 1248741 Satan Rotchild
Satan Rotchild's picture

Yes, the Chinese have $2 trillion+ in green NWO toilet paper that they would like to swap for anything real.  Look out for the salted gold though! Bu hau!

Fri, 05/06/2011 - 14:45 | 1248694 Bam_Man
Bam_Man's picture

Pretty soon nobody will dare to invest any capital in commodities.

It is not capital that fuels the commodities bubble and the myriad other central bank sponsored asset bubbles. It is cheap, instantly available liquidity. Otherwise known as "hot money".

There is a BIG difference.

Fri, 05/06/2011 - 14:55 | 1248752 Quintus
Quintus's picture

One might almost think that The Chairsatan has deliberately decided to chase all of this hot money he's created out of commodities and into those Treasury thingies that are performing so well recently.  How convenient for him if, as he says, he plans to stop buying them himself shortly.

Fri, 05/06/2011 - 15:44 | 1248921 reload
reload's picture

exactly - but he has no plans at all to stop buying, where bonds are concerned the more buyers the merrier. Add to this the speculation that `a shocking event` could be in the making - to scare more money into bonds and the USD - and PIMCO could be out on a limb for a while.

Fri, 05/06/2011 - 19:11 | 1249638 Kopfjager
Kopfjager's picture

+1 exactly.

Fri, 05/06/2011 - 14:43 | 1248695 TooBearish
TooBearish's picture

Let the stoopid fuks raise margins at CME so alla bidness goes to ICE and to other overseas exchanges - short CMS stock now bithcez!

Fri, 05/06/2011 - 14:46 | 1248698 Goofy Bastard
Goofy Bastard's picture

Can one of these big banks get their financial engineers working on a derivative to invest in margin increases, I need a new bull market to momentum trade.

Fri, 05/06/2011 - 14:44 | 1248699 bobby02
bobby02's picture

Intellectual honesty is what's dropping.

How 'bout looking at margin requirements as a percentage of the notional value of the contract? That's certainly what risk management is doing.

Fri, 05/06/2011 - 14:54 | 1248749 Urban Redneck
Urban Redneck's picture

actual hedgers hate fluctuating hedge costs and might go elsewhere, which leaves nothing but pure specs with hot money and no product.

damned if you do, damned if you don't

Fri, 05/06/2011 - 14:47 | 1248702 hedgeless_horseman
hedgeless_horseman's picture

But I thought that our central planners are better than their central planners?

Fri, 05/06/2011 - 14:47 | 1248703 SheepDog-One
SheepDog-One's picture

Go ahead Bernank, chase every last person out of the markets, completely ruin them, FINE!

Fri, 05/06/2011 - 14:45 | 1248704 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

This is that piece of sh*t puppet Obama trying to control 'free markets'. You get the leaders you deserve America, just wish the rest of the world didn't have to suffer for the U.S. actions.

Fri, 05/06/2011 - 14:49 | 1248708 SheepDog-One
SheepDog-One's picture

Most people will wake up to it only after its far too late for them. Oh well.

Fri, 05/06/2011 - 14:56 | 1248756 BandGap
BandGap's picture

That suffering might provide the impetus to breaking the cycle.  Time was you would actually enjoy playing the markets and (hopefully) making money. 

 

Fri, 05/06/2011 - 15:05 | 1248776 Sophist Economicus
Sophist Economicus's picture

FMB - so true.   Why don't you ship us over one of your odious retards when they're done their tour-of-duty over there.   At least we could have a laugh

 

Fri, 05/06/2011 - 15:16 | 1248831 DosZap
DosZap's picture

That includes  Americans BTW..............so do not feel like the ONLY ones.

Fri, 05/06/2011 - 17:11 | 1249271 Smiddywesson
Smiddywesson's picture

Sorry Funk, all the lifeboats are tied together. 

Fri, 05/06/2011 - 14:49 | 1248709 RED BARRON
RED BARRON's picture

Dollar is ready to explode on the foreign exchange regardless of crude hike, or no kike.

Fri, 05/06/2011 - 14:46 | 1248710 SqueekyFromm
SqueekyFromm's picture

Perhaps PackRat and PODS need to develop portable crude storage units, deliverable to your driveway, for those who might end up actually having to take delivery.

Squeeky Fromm, Girl Reporter

Fri, 05/06/2011 - 15:00 | 1248769 Urban Redneck
Urban Redneck's picture

I think an above ground tank under 600 gallons escapes EPA regulation.  I have a bunch of 550s but they predate the Obummer regime so I don't if they've changed moved the goal posts on that, like they did with attempted regulation of cow flatulence and farm dust.

Fri, 05/06/2011 - 14:47 | 1248713 bigmezo
bigmezo's picture

does this mean silver could dive further?

Fri, 05/06/2011 - 15:14 | 1248812 CrazyCooter
CrazyCooter's picture

I think this means the next time they want commodities to dive, they will dive. It is a rigged casino.

However, unless they plan to implement more than 100% margin (i.e. $105 down on a $100 contract), this trick can only be pulled a finite number of times.

Then they will probably change other laws to achieve the same effect.

Regards,

Cooter

Fri, 05/06/2011 - 17:15 | 1249280 Smiddywesson
Smiddywesson's picture

What this means is they will squeeze every last dime out of the silver "bubble" that was created, and then move on and create another bubble to squeeze.  You pesky peasants just won't be lured into stocks, so we will have to catch you in some other kind of trade.

Bubbles require you to believe.  Just because silver and gold will eventully be the only true money, doesn't mean the bubble poppers won't show up to take your money to bail out the banks. 

Buy physical and ignore the markets, or short physical in the paper market.

Fri, 05/06/2011 - 14:47 | 1248716 RED BARRON
RED BARRON's picture

dollar ready to explode against canadian dollar and against australian dollar.  Look at the monthly charts.

Fri, 05/06/2011 - 14:50 | 1248734 SheepDog-One
SheepDog-One's picture

Its all basically just worthless junk bobbing around. Who cares? Dollar ready to explode? Or implode. Just wait till the conversation soon turns to printing another couple trillion fiatsco's just to stay afloat a bit longer.

Fri, 05/06/2011 - 15:01 | 1248772 goldfish1
goldfish1's picture

These fellas doubt QE3 :

http://news.goldseek.com/GoldSeek/1304706063.php

"""Additionally, Treasury prices have been falling despite the Federal Reserve’s purchases and the Dollar has been in freefall.  While there may be some perceived benefits to quantitative easing, the negative consequences will ultimately limit further expansion of quantitative easing. """

Daniel Aaronson - daaronson@continentalca.com
Lee Markowitz - lmarkowitz@continentalca.com


Fri, 05/06/2011 - 15:05 | 1248777 Trillax
Trillax's picture

+1 agreed.

Fri, 05/06/2011 - 14:54 | 1248738 dexter_morgan
dexter_morgan's picture

"Pretty soon nobody will dare to invest any capital in commodities (or FX) for fear of an imminent 100% margin spike by the exchanges, causing the S&P to trade at 100x P/E, and letting China buy up every commodity at a 50% off."

Damn.....you've uncovered the plan........

Fri, 05/06/2011 - 14:55 | 1248740 El Capitan
El Capitan's picture

The Chinese are closest in evolutionary trajectory to the gray aliens (six fingered free masons included). 

The great pyramids, the nazca lines, iPad2, and QE is all evidence of this.

 

 

 

Fri, 05/06/2011 - 14:55 | 1248742 Tracerfan
Tracerfan's picture

China can and will buy lots of companies with crude oil reserves on the cheap, now that the Fed and Fascist U.S. government are depressing crude prices with a coordinated attack via CME margin hikes on silver and perhaps crude soon, depressing crude prices.

Blowback in the making.

Fri, 05/06/2011 - 15:58 | 1248965 Ruffcut
Ruffcut's picture

Maybe on some, but they still enjoy the ponzi stock market scam of raising money out of thin air. Criminal fundraising is so much easier that creating actual "stuff".

Fri, 05/06/2011 - 14:56 | 1248744 willien1derland
willien1derland's picture

Lennon Hendrix - PLEASE STOP YELLING 'FIRE' IN THE CRUDE OIL TRADING PIT - You are scaring people - Wait, CD are those Greeks in the Gasoline pit?! Ohhhh no there goes Lennon....SELL!

Fri, 05/06/2011 - 14:54 | 1248747 aerial view
aerial view's picture

Let's agree to eliminate the phrase "free markets" from the American language as it is now an obsolete term.

Fri, 05/06/2011 - 14:57 | 1248750 Missiondweller
Missiondweller's picture

"and letting China buy up every commodity at a 50% off"

 

I thought of this too. China gets to buy both gold & silver at cheap prices in their preparation for the moment they emerge with a new, free floating currency backed by gold & silver.

Fri, 05/06/2011 - 15:13 | 1248810 Global Hunter
Global Hunter's picture

And if the USD catches a strong bid they get them even cheaper.

Fri, 05/06/2011 - 15:11 | 1248811 SoNH80
SoNH80's picture

...soon to be followed by a renaming of Alaska as "East Manchuria".

Fri, 05/06/2011 - 16:39 | 1249130 Slim
Slim's picture

If you think a precious metals backed currency is going to help them maintain their labor arbitrage/export advantage or is in any way a positive for them at this point (10 years from now, this may change)...I just don't know what to say.  There's a reason fiat isn't backed and that's so it can be manipulated (for both good and bad reasons).  Given the Chinese are the current kings of the manipulation game...and internally they are feeling the massive heat from it now, I cannot see them suddenly reversing.

Fri, 05/06/2011 - 14:55 | 1248753 BORT
BORT's picture

Remember when Obama said it was a good time to buy stocks in 2009, and it was.  And then recently said he was going after the speculators, and he did.  I am going to listen to him next time, because he has the folks who can make it happen.

Fri, 05/06/2011 - 15:10 | 1248805 magpie
magpie's picture

That really was an excellent call. Up next:

"QE 3 is gonna pay my mortgage."

Fri, 05/06/2011 - 14:56 | 1248757 bbtrader
bbtrader's picture

TOS has already raised their margin on WTI, to $10K ($5K for the emini).  Gold has been raised to $10K as well.

Fri, 05/06/2011 - 14:59 | 1248763 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

I hope the Saudi's declare a huge cut in oil production to show the U.S. administration criminals who really holds tangible wealth.

Fri, 05/06/2011 - 15:26 | 1248850 DosZap
DosZap's picture

Fonky Monkey,

Do not be surprised if they do, and also some other ME countries.

That would show us now would it not?.

If they were not to busy fighting their own peoples, it might get Bamas attention.

Fri, 05/06/2011 - 15:24 | 1248855 DosZap
DosZap's picture

Fonky Monkey,

Do not be surprised if they do, and also some other ME countries.

That would show us now would it not?.

If they were not to busy fighting their own peoples, it might get Bamas attention.

Sat, 05/07/2011 - 14:39 | 1251252 Satan Rotchild
Satan Rotchild's picture

Hey FunkeyMonkeyBoy!

Your wish will come true this year, in a way.  Since overthrowing the Fahds will be the cherry on on top of the NWO's new MENA, Saudi oil production (not only) will indeed be cut.

Fri, 05/06/2011 - 15:48 | 1248778 cowdiddly
cowdiddly's picture

Now listen here sheep. Don't be getting nothing in your head like alternative investments. We have provided you with a list of administation approved investments. Its, FRNs, CDs or NYSE stocks(longs only), got it? We did not invest in all this fiber optic cable for nothing. And don't be getting any ideas of a new currency or anything. Do you not see what we do to those counterfeiters making new Chucky Cheese tokens with Liberty on them. Just who the hell you think you are boy, Bunker Hunt? And you Greasemonkeys better take some note of those metal heads we squashed this week too. Did you not watch our state approved CNBC broadcasts? You don't think we hired Imelt for nothing did you punk? And just because Saddam and Bin Laden are dead does not mean we will not be preforming the normal shakedowns at the airport checkpoints. In dont get any Ideas of hauling contraband out or think you are going to escape to another country either. We already have statutes in place for that.

Now repeat after me. FRNs or 401K Capice? the wardenhttp://www.youtube.com/watch?v=1fuDDqU6n4o


Fri, 05/06/2011 - 15:52 | 1248945 docj
docj's picture

+1

Fri, 05/06/2011 - 16:09 | 1249006 tarsubil
tarsubil's picture

I assume you guys just don't pay attention or care about FBC but I swear they only show the silver price when it goes down which is rarely like only the last week. I think they are all in on it.

Fri, 05/06/2011 - 15:05 | 1248779 bigmezo
bigmezo's picture

where's the next whiskey bar?

Fri, 05/06/2011 - 16:48 | 1249167 LoneCapitalist
LoneCapitalist's picture

Jim? Jim Morrison is that you?

Fri, 05/06/2011 - 15:03 | 1248781 willien1derland
willien1derland's picture

Here comes the Melt up....Going up!

Fri, 05/06/2011 - 15:05 | 1248788 lieutenantjohnchard
lieutenantjohnchard's picture

case in point. just called an oufit and got some shiny. 100% green frn coupons required to purchase however no counterparty claims either.

Fri, 05/06/2011 - 15:08 | 1248791 gordengeko
gordengeko's picture

Fucking ponzi scum. 

Fri, 05/06/2011 - 15:10 | 1248798 HamyWanger
HamyWanger's picture

Question: where is the "physical price" of silver, which is supposedly different from the "paper price", according to lunatic silverbugs?

Here, for just $36.50: http://www.apmex.com/Category/168/Silver_Libertads___1_oz_2011__Prior.aspx

Edit: and even for $1.79 over spot: http://www.apmex.com/Product/156/Generic_Silver_999_Fine___As_low_as_179_per_oz_over_spot.aspx

Fri, 05/06/2011 - 15:20 | 1248836 tmosley
tmosley's picture

They keep getting the scratch and dent stuff in, but it keeps disappearing FAST. They are going through more than 1000oz of the stuff each day. They were totally out this morning and last night.

Fri, 05/06/2011 - 15:24 | 1248853 JW n FL
JW n FL's picture

comex trades 1,000 oz bars.. and 100 oz bars..

show me 1,000 bars? anywhere. if you come back with a link for 6 bars or 10 bars.. out of the 92,000 oz's yesterday that were moved?

where did the 92,000 oz's walk off too? how did it go from a physical state to a non-physical state becuase of it being moved from one list to another?

how in the fuck can I make any amount of silver transmutate from physical to nothing?

its fucking magic?

what is the saying.. get them to look over there, why'll you do whatever over here? something like that.

good luck with the paper Hamy!

Fri, 05/06/2011 - 15:33 | 1248881 DosZap
DosZap's picture

Hamy,

You did see the Bids and Ask next to that?.(need glasses?)

APMEX  hasn't sold a Libertad at $36.50 in Weeks/Months.

Fri, 05/06/2011 - 16:00 | 1248974 JW n FL
JW n FL's picture

that is a damn good looking coin aint it? jus sayin!

 

Howdy Dos! I hope is well is Dos Land!

Fri, 05/06/2011 - 16:10 | 1249026 tarsubil
tarsubil's picture

Was this a flash sale for Cinco de Mayo at spot? It isn't there anymore.

Fri, 05/06/2011 - 15:27 | 1248800 Apocalypse Now
Apocalypse Now's picture

This actually makes sense, finally a move that is not moronic.

Supply and demand have made no impact on oil prices due to leveraged speculation, so they attacked emotion by rolling out Bin Laden and then actually announced that they were going to do this.  The delay was to ensure the big connected friends of the administration had time to exit positions.

This benefits EVERYONE as many products use petroleum as a component, almost everyone drives for transportation, and all physical goods are transported to market.

Obama actually stated they were going after oil speculators a week ahead of time.  I wish they had telegraphed the moves in silver as well.  Silver does not impact the broad economy the way oil does, I am not sure why they started with silver before oil.  Perhaps because the comex is at risk - the continued margin increases smell of desperation.

I do worry with China's stockpile of FRN's that they will be able to accumulate commodities and strip this country of all portable assets (gold/silver, good luck moving homes).  Not sure where they would stockpile oil.  When we say China, I hope the smart people here can also understand that there are also TPTB banks and corporations in China that are not Chinese and offshore making big moves that are often coordinated - they collude.

If they are initiating their end game it may be to move away from the dollar and into a SDR, and they may be crashing gold and silver in order to accumulate as much as possible at the cheapest price before the transition to a basket including gold and silver.  We could wake up one day with gold and silver dramatially higher revalued in a new currency.  Currencies long term are a losing game, but with all of the digital "money" out there if it flows into metals for protection, they are going to the moon.

Bonds, cash, and cash deposits have negative real interest rates.  For the long term this is a losing trade as inflation will wipe out wealth.  When people realize the real inflation rate and compare it to interest rates they can earn on investments in conjunction with lower liquidity (signaling with these commodity margin hikes) we might have the Exeter's Pyramid play out and a run from paper into hard assets.  This is the balancing act.

 

Maximum wealth effect would be to boost wages, stocks, and precious metals while trying to manage broad costs like food, gas, and housing.  Notice I did not put housing in the wealth category, it is a cost and with property taxes, HOA's, etc. try to think in terms of cash flow.  The housing market is frozen, they need to let the market reach equilibrium since 11% or 18 million homes are empty and that benefits nobody.  Unless you are buying or selling the government is not generating transaction costs, and the appreciation wealth is an illusion since you are just living in it (unrealized and tenuous since it is not very portable or liquid).

A collapse in confidence is what is driving people to lose faith & trust which destroys paper contracts with ten pages of legal loopholes on a one sided agreement that you must sign if you want to play in a rigged casino that benefits the house.  Only a Volker move of a dramatic interest rate increase above inflation would make people move out of hard assets rationally.

All the printed money has gone to primary dealers that have used the funds to "invest" in securities and commodities.  Since those funds did not go to mainstreet for job creation, this just reduced the standard of living since costs went up for people losing their jobs.  Trump is right on needing some kind of tariff to compete, as was Ross Perot's giant sucking sound of jobs leaving the US. 

Reagan implemented a tax tariff on foreign bike imports from 1983 to 1988 (starting at 49.4% the 1st year to 14.4% the last year), and this enabled Harley Davidson to survive and thrive where the imports had gained the most market share previously.  This is one answer, the second is to start a world war and destroy production plants around the world, then rebuild America retooling it to serve domestic and export needs around the world.  I think we all prefer Ronald Reagan, don't believe all the free trade myths.

Fri, 05/06/2011 - 16:12 | 1249033 tarsubil
tarsubil's picture

Why not just set the price like Carter? Oh, because when shortages occur, you won't be blamed.

Fri, 05/06/2011 - 15:15 | 1248827 AldoHux_IV
AldoHux_IV's picture

Much like the whole Bill Gross thing-- the price/market manipulation is creating an illusion for investors/traders that doesn't exist in reality.

The fed is hell bent destroying the dollar and will goate people into thinking a deflationary or recessionary risk is imminent in order to perpetuate the dollar destruction.  In reality nothing has changed: we never have recovered from the great recession, in the meantime policymakers will goose markets to give the illusion that things are better all the while destroying fiat currency, and so until the risk on/risk off phase which is nothing more than the fed killing/reviving the dollar only to kill it some more, the debate of recessions/recovery and deflation/inflation will continue meanwhile we're all just spinning our wheels and ALLOWING centrally planned market manipulation to determine our trading opps and investing-- what's worse is that they're resorting to handicapping market's ability at price discovery (i.e. commodity futures vs E-minis) and thus proving once again we live in a system where the policymakers choose who wins and who looses-- and we know who the losers are in this case.

Fri, 05/06/2011 - 15:23 | 1248845 Edmund Dantes
Edmund Dantes's picture

Spot on

Fri, 05/06/2011 - 15:28 | 1248871 RobotTrader
RobotTrader's picture

The coin-clutching seditionists and Peak Oilers must be hating life right now.

Uncle Gorilla is poking them with a stick.

Margin increases galore next week.

Fri, 05/06/2011 - 15:35 | 1248896 JW n FL
JW n FL's picture

Saudi Arabia Overstates Oil Reserves by 40% http://goo.gl/Lof5f & Why it Matters? http://goo.gl/hp3tE

 

Plus (+)

 

China: The Rich Are Fleeing http://goo.gl/FSTw4

 

Plus (+)

 

U.S. economic growth braked sharply in the first quarter as higher food and gasoline prices dampened consumer spending http://uk.reuters.com/article/2011/04/28/uk-usa-economy-idUKTRE73R3CG20110428 

 

='s... less spending.. so chasing out the speculators works right now and then they can spin it into something else.. for fodder for the sheep to be entertained with! like grinding the evil speculators to dust.. becuase its the speculators fault that people are Not! spending? sure it is!

Fri, 05/06/2011 - 15:41 | 1248908 tmosley
tmosley's picture

Those "clutching coins" are doing quite well. It's the fools who are holding paper that will lose everything.

Perhaps you should stop clutching your coins and get rid of the rest of them? Lots of dollars to be made out there that you could get with the proceeds. And you know what they say, they aren't making more dollars.

Fri, 05/06/2011 - 15:40 | 1248917 Bastiat
Bastiat's picture

"The coin-clutching seditionists"

Please elaborate.

"Margin increases galore next week."

Awesome!  Crush the bullshit paper "market" and lower by vault storage fees!

Fri, 05/06/2011 - 16:05 | 1248989 gordengeko
gordengeko's picture

On the contrary actually. They can go 100% cash for all I give a shit. The markets will still win in the end no matter what they do. Funny how they can manipulate oil whatever way they want, then raise gas prices and when they push oil down gas prices stay up. What a crock. The US is fucked and its people dont even care because they are too far gone.

Fri, 05/06/2011 - 16:16 | 1249051 tarsubil
tarsubil's picture

If they go 100% and the exchange crashes, won't we have shortages in physical almost immediately? I know people who have never bought PMs who are getting ready to back the truck up.

Fri, 05/06/2011 - 15:29 | 1248876 Bastiat
Bastiat's picture

I see this volatility as deliberately designed to allow the big banks to fleece market players not in the loop.  Absolute fortunes are reaped by those who know what's coming.  The busted TBTFs could well re-capitalize themselves. 

Fri, 05/06/2011 - 16:03 | 1248985 JW n FL
JW n FL's picture

or maintain the Bonus Monies at risk of being side lined, until QE3 gets the okie dokie to flow!

 

Gotta keep the quarterly's up!

Fri, 05/06/2011 - 15:35 | 1248888 tony bonn
tony bonn's picture

yes and so it is that the chairfeces of the frb creates all kinds of money which is not supposed to find its way into commodities - but only treasuries and the cancerous debt that the chairfeces bought from ignorant tbtf banksters - has now demanded that the commodities exchanges massively increase margin requirements to stop the blood from flowing into the priapic markets so that he can hide the effects of his criminal deeds...but this raises costs for businesses which have a legitimate need to hedge....

this is the french inflation and its monsterous efforts to quell the priapus in its midst...

fuck you ben - you are a criminal against humanity...

Fri, 05/06/2011 - 15:52 | 1248957 JW n FL
JW n FL's picture

***** "fuck you ben - you are a criminal against humanity..." *****

 

LIAR!!! he is doing God's Work!!

 

He is a true patriot! trashing the U.S. dollar! while congress and the senate send 50,000 jobs a month to China!

Republicans Block! a Push by Democrats To End The Tax Break for Sending U.S. Jobs Offshore! http://goo.gl/6qhnK

 

all the while any sense of reality being levied against Wall Street and the Banks is being COCK BLOCKED!!!

Republican-controlled committee voted for a 18-month delay of regulations intended to reduce risk in OTC Derivatives. http://goo.gl/4IYGP

 

But it is just the new normal.. or! the same shit as it ever was!


Federal Reserve Pays Banks 800% More for Deposits over what “We the People” get paid!  http://goo.gl/LblE7

 

But dont worry! if you are good little snitch for the secret, on God's Side, Republican / Conservative / Austerity for the Poor NO! Taxes for the Rich! you can be at the front of the Government Bread Line when the time comes!

http://goo.gl/FnxBZ  Treasury Direct $14 Trillion Debt / http://goo.gl/TMl74   $15 Trillion in Loans / http://goo.gl/EXzal  / ='s $29T

 

$29 Trillion fucking dollars, $10 Trillion a Year and the Country is Broke? what kind of interest rate? 0.25% on $30 Trillion.. no wait! the $14 Trillion "We the People" pay 6% interest on! fucking WOW! Bitchez! and the Country is Broke?

 

No! you broke, un-employed and looking for Social Security types are Broke.. and guess what your $2.5 Trillion Plus Dollars in Social Security is getting blown out next! Bitchez!!

The Gang of 6 Raising the Retirement Age & Reducing Social Security Benefits http://goo.gl/Aix0y / http://goo.gl/m8QMq All for the Surplus $

 

the ways that "We the People" get Fucked! grows every day and NO! One!! does shit about it! no one cares.. fuck it, when shit starts burning I am going to take my Family and put them some where safe.. and then I am going fishing! until enough of the stupid people are dead that a reasonable, common sense approach can be turned into a Popular Vote Issue.. becuase there are to, too Many! Stupid People Fucking this Country up, to the point of Not! being able to have any sense of common sense when voting time comes!

 

This Country is going to get what it deserves, as a democracy.. from its stupid majority of voters!

 

Fri, 05/06/2011 - 16:12 | 1249016 Ruffcut
Ruffcut's picture

Votin has nuttin to do wid it.

Dems push for jobs because they are minority in pretend mode.

There is and has not been a democracy for quite a long time.

The new star wars movie: " THE EMPIRE STRIKES OUT".

It's OK, sooner or later we shall get it. Yep, get what we deserve, which is shit on a stick.

Fri, 05/06/2011 - 15:34 | 1248893 ivars
ivars's picture

I have improved a bit oil price prediction chart after the previous version ( Feb 6th) correctly timed/priced current dip.

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&p=32261#p32261

Current oil dip will end already in May.

Fri, 05/06/2011 - 15:50 | 1248944 mt paul
mt paul's picture

waiting...in the arctic 

to buy next winters fuel oil ...

buy the dip....

 

hard sunshine 

not a cloud in the sky

spring time 

bytches

Fri, 05/06/2011 - 16:17 | 1249060 SilverDoctors
SilverDoctors's picture

SilverDoctors has the inside dialogue on the negotiations between JP Morgue and the SEC over JPM's CDO settlement!

http://silverdoctors.blogspot.com/2011/05/jpmorgue-in-advanced-negotiati...

Fri, 05/06/2011 - 17:23 | 1249300 mayhem_korner
mayhem_korner's picture

How about 100% margin calls on Maiden Lane?

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