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As Dollar Poleaxing Continues, Silver Takes Off

Tyler Durden's picture


As the dollar is getting its daily dose of poleaxing, the natural currency substitutes do their usual thing.

And some updated thoughts from FMX on the next steps for gold.

Gold Momentum Indicator Triggered. Breakout Imminent above $1412.00

Last week we stated that Gold was on our radar to trigger a move higher using our Trend-Vol system, possibly as high as 1550 within 8 weeks.  The indicator combines implied, historical and Bollinger Band levels into an oscillator that generates volatility based risk-reward scenarios. Last week, we had to settle above 14.15 for the trigger to go off. It did not. But this week the number is 1412.

Each oval below was a trigger moment. We are at one of those now.

This week the market has to settle above 1412, which we are currently over. The alert is triggering. This is a weekly settlement price to be a true trigger, but we are not comfortable waiting for Friday’s settlement. We are also not interested in disobeying our own rules too much. So here is our compromise.

Here is what we are doing in our personal accounts:

1. Every day we settle above 1412 we are buying into 20% of our position with expectations of being fully “in” by Friday. (We prefer options)

2. If we settle under 1412 on any of these days, we won’t add

3. Consider decreasing or closing positions if we settle under 1412

4. The signal will be negated if we settle under 1412 for the week.

This system  uses volatility to determine if a move will follow though. It tries to catch the moment when volatility is reversing. Expect to buy into strength if it is right. Buying dips is not a good sign.

If we get a settle above 1412 this week, there is a high likelihood of a strong follow through to the upside over the next month starting with an initial spike higher 2 weeks from now.

Once this week is over and  if we have our full position on, our stop loss will be the previous week’s settlement area of 1409 settlement

Good Luck.



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Mon, 02/28/2011 - 11:17 | 1003731 Harmonious_Diss...
Harmonious_Dissonance's picture

C'Mon $35!!!!!   I know you can do it...

Mon, 02/28/2011 - 11:21 | 1003740 Chuck Norris
Chuck Norris's picture

I'm cheering Silver on to Infinity (in terms of dollars)

Mon, 02/28/2011 - 11:22 | 1003745 snowball777
snowball777's picture

Is it true that Comex Ag takes delivery of you?

Mon, 02/28/2011 - 11:22 | 1003747 Harmonious_Diss...
Harmonious_Dissonance's picture

In communist UK, yes it is true

Mon, 02/28/2011 - 11:26 | 1003763 Cash_is_Trash
Cash_is_Trash's picture

In Mexico, money rob you.

Mon, 02/28/2011 - 12:01 | 1003832 66Sexy
66Sexy's picture

I would buy physical platinum now, as an alternative oil appreciation play, and a PM inflation play. Price has not run up like the other metals; much rarer occurance, and lower downside with much smaller market.

Imo anything like pt, pd, silver or oil that requires work to create and is then reused in industry is not a passive commodity; but the same as 'work' itself. They are a store of work, productivity, and value; so it's the same as buying a company that makes profits. That company must reinvest their capital back into work; and the corporate costs associated with replacing work means the actual costs to replace work get priced into and enhance the value of the physical commodity.


Mon, 02/28/2011 - 12:06 | 1003886 jpmorrisaggie
jpmorrisaggie's picture

Any thoughts on where to get non physical exposure to platinum 66Sexy?

Mon, 02/28/2011 - 12:08 | 1003893 66Sexy
66Sexy's picture

i've got an eye on PPLT.

Mon, 02/28/2011 - 13:22 | 1004169 Flakmeister
Flakmeister's picture

  SWC... the finest PGM deposit and mine in the Western Hemisphere. I am leery of ETFs that claim physical possesion. After all, it still a piece of paper, much like SWC, but at least with SWC, I know where the Pd and Pt is.

Mon, 02/28/2011 - 11:38 | 1003800 ms1408
ms1408's picture

The human trafficking trade also has counter-party risk. They need clearing houses too you know.

Mon, 02/28/2011 - 12:01 | 1003862 MolotovCockhead
MolotovCockhead's picture

I'm cheering Silver on to Infinity (in terms of dollars)


If you are cheering Silver to infinity, it means you are jeering Uncle Scam into inevitable collapse, you know? Not a patriotic thing to do if you are an American. Think I'll stand aside to watch history in the making.

Mon, 02/28/2011 - 12:47 | 1003912 bingaling
bingaling's picture

I am cheering silver to as high as possible until the federal reserve, politicians, and financial industry ceo's/boards stop their destruction of our currenncy and our nation . Is that better ?

Mon, 02/28/2011 - 12:17 | 1003929 jpmorrisaggie
jpmorrisaggie's picture

You know, my thoughts on that are that it is more like jeering the current leadership into inevitable collapse.  I, for one, am an advocate of this as my feelings towards our leaders have ranged from relatively unhappy to vein popping frustration for quite some time.  If that means things get worse over here for a while, so be it.  So long as I can wake up in the morning and see some hope for the future instead of staring into the abyss!

Mon, 02/28/2011 - 12:37 | 1004024 TeMpTeK
TeMpTeK's picture

While you are standing around watching history take place... bernanke is robbing you blind...We lost our great nation years ago....There is no reset button absent a dollar collapse and potential revolt...The US as we know it has some major self inflicted one is cheering for what we know Is inevitable... I would only hope that from her ashes we will once again regain what made our nation great.. Truly Free Markets, Repect for property rights and the rule of law, The death of political corectness, An end to corporate lobbying and special interests..There is still some hopium left in me... but things are going to get really ugly b4 they get better. Standing by and watching idly is a recipe for disaster. Prepare prepare prepare.....

Mon, 02/28/2011 - 13:26 | 1004053 akak
akak's picture

If you are cheering Silver to infinity, it means you are jeering Uncle Scam into inevitable collapse, you know? Not a patriotic thing to do if you are an American.

Fuck Uncle Sam, and the horse he rode in on.  I owe allegiance to NO government, least of all to one that is increasingly authoritarian, oppressive, and robbing its citizens blind for the benefit of a relative handful of well-connected sociopathic oligarchs.

As for your "patriotism", that word properly defined refers to the love of and devotion to one's nation, NOT one's government!  I love my country, but I hate my government --- and all government in general, which institution is merely institutionalized coercion and force, and far and away the biggest blight on humanity since the dawn of civilization.

Mon, 02/28/2011 - 19:16 | 1005318 StychoKiller
StychoKiller's picture

There are alternatives to Govt:


Mon, 02/28/2011 - 19:43 | 1005396 Clockwork Orange
Clockwork Orange's picture


Mon, 02/28/2011 - 13:34 | 1004202 SilverRhino
SilverRhino's picture

I give my allegiance to my country, not its government and certainly not its central bank. 

Mon, 02/28/2011 - 14:28 | 1004376 JW n FL
JW n FL's picture

The Problem we all will face at some point will be... that our Government is duely elected by "We the People"... thusly our fight with those idiots will become a fight against "We the People"... or so the Marines / Army / Navy could say (I dont mention the airforce becuase they miss 60% of what they aim at... I have a better chance of getting into a car accident than being hit after being targeted by them.


So, what kind of signature drive... with some type of credentials attached... do we start to oust these idiots?


Or, what other means do we have to prove popular support for the Monkey's driving the bus is no longer in place?


I am stuck. Honestly... Help anyone and all with Ideas??? Thanks in Advance!!!!!!!!!!

Mon, 02/28/2011 - 19:21 | 1005331 StychoKiller
StychoKiller's picture

I would suggest a tax strike but one person on their own would just wind up in a jail cell.  If there existed one place where one could place an ENCRYPTED registration, along with some sort of counter, reflecting the number of strikers, then once an amount of over 10 million registered, I think that there's not enough cells (even in the USA) to house all the strikers, especially when the guards start receiving IOUs in place of a paycheck!

Mon, 02/28/2011 - 13:48 | 1004238 SilverFiend
SilverFiend's picture

Uncle Sam is heading to its inevitable collapse

just fine on its own.  By preparing ones self for

this eventuality and being ready to pick up the

pieces is the most "patriotic" thing you can do.

Mon, 02/28/2011 - 13:49 | 1004250 Chuck Norris
Chuck Norris's picture

The collapse is inevitable... sooner or later it will happen. 

I'm not looking to Uncle Sam to save us.  Only Jesus can save us now. 


Mon, 02/28/2011 - 14:35 | 1004394 FeralSerf
FeralSerf's picture

He was deported by the INS.


Mon, 02/28/2011 - 12:04 | 1003871 Clayton Bigsby
Clayton Bigsby's picture

Daddy needs a new pair of cufflinks!  And some Maples!

Mon, 02/28/2011 - 14:30 | 1004381 JW n FL
JW n FL's picture

I think the Mint in Canada may be out of Maples... sorry, but good luck with those cufflinks.

Mon, 02/28/2011 - 14:24 | 1004363 jus_lite_reading
jus_lite_reading's picture

Relax. My prediction of $40 in ~3 weeks will come to fruition.

Mon, 02/28/2011 - 11:19 | 1003738 Azannoth
Azannoth's picture

Psychic delivery, bitchez!

Mon, 02/28/2011 - 11:21 | 1003739 Sircornflakes
Sircornflakes's picture

You can't wait until you pull trigger on Monday?


C'mon, can't you wait until Wednesday?

Mon, 02/28/2011 - 11:20 | 1003741 snowball777
snowball777's picture


Mon, 02/28/2011 - 11:21 | 1003743 klevera
klevera's picture

When zerohedge uploads this information i get nervous lol

Is it a top of silver?

Mon, 02/28/2011 - 12:03 | 1003872 rosiescenario
rosiescenario's picture

Me too....but then I envisionage Ben flying a B-52 over NYC with a contrail of paper following it....and then I relax....there is a finite amount of silver and a limit on its production, but Ben is only bounded by paper and ink supplies, neither of which appear to be tight.

Mon, 02/28/2011 - 12:15 | 1003918 Jreb
Jreb's picture

LMAO. Yep. I think the fundamentals will be in place for a while....

Mon, 02/28/2011 - 11:21 | 1003744 spartan117
spartan117's picture

Quick, somebody call Meth Man!

Mon, 02/28/2011 - 11:23 | 1003749 snowball777
snowball777's picture

doo-duh-deee....the phone number you have attempted to dial is no longer in service.

Mon, 02/28/2011 - 11:28 | 1003768 Harmonious_Diss...
Harmonious_Dissonance's picture

I think I saw a Ferrari crshing into a beach house this morning on my way to work...

Mon, 02/28/2011 - 11:57 | 1003847 UninterestedObserver
UninterestedObserver's picture

Was Ben driving it?

Mon, 02/28/2011 - 12:19 | 1003938 spartan117
spartan117's picture

Junk away, Meth Maggot, Johnny Butthole, Smelly Snails!  Silver at $34, bitchez!

Mon, 02/28/2011 - 11:23 | 1003751 whatsinaname
whatsinaname's picture

why the sudden drop in dollah last few days (not that I mind my silvah upppity uppity) ?

Mon, 02/28/2011 - 12:06 | 1003884 MolotovCockhead
MolotovCockhead's picture

why the sudden drop in dollah last few days


Yeah, why the drastic drop? Isn't dollar suppose to be a safe heaven when the world around is in chaos, like now? Looks like the light at the end of the tunnel is coming from a freight train!

Mon, 02/28/2011 - 19:22 | 1005342 StychoKiller
StychoKiller's picture

Someone spending FRNs for Oil barrels, perhaps?

Mon, 02/28/2011 - 11:23 | 1003752 Arthor Bearing
Arthor Bearing's picture

Either this week or at the end of next month silver is gonna blow everyone's mind away forever. Buy bitchez buy!

Mon, 02/28/2011 - 11:23 | 1003753 slow_roast
slow_roast's picture

Buy the hump bitchez!!!

Mon, 02/28/2011 - 11:27 | 1003764 yabyum
yabyum's picture

Not much of a hump, more like a friggen rocket. GPL is kicking major ass this am.

Mon, 02/28/2011 - 11:26 | 1003762 financeguru500
financeguru500's picture

I don't consider the dollar being devalued until it drops below $70. Anything between $70-85 is just adjustments according to level of the stockmarket. It is almost too easy to predict. Dow hits 13000 = dollar at around $74. Dow hits 10000 = dollar at $80. When the dow gets back up to 14000 or more, the dollar should be around $71 to 73.

How do I figure in my predictions? It is easy. Capital goes from investment to safety depending on current economic conditions. Though lately it seems to be opposite (i.e. bad news unemployment = dow goes up). But it is a seesaw effect, when the dow is up the dollar is down and vice versa.

Mon, 02/28/2011 - 11:30 | 1003775 Internet Tough Guy
Internet Tough Guy's picture

The dollar is being devalued against real things; I don't care what its value is against other fiat currency. I don't go to the store to buy euros, yen (which are also devaluing against real things); I go to buy food and gas and yes the dollar is being devalued.

Mon, 02/28/2011 - 11:36 | 1003794 financeguru500
financeguru500's picture


And that is the interesting part. If the dollar is being devalued in real terms, why isn't it showing up on the dollar index?

Any ideas?

Mon, 02/28/2011 - 11:41 | 1003804 mick_richfield
mick_richfield's picture

because the dollar index -- the usdx -- is a trade-weighted basket of equally-meaningless fiat currencies.

there is no honest measure of the dollar-against-things aside from shadowstats' cpi measures.


fed delenda est.



Mon, 02/28/2011 - 12:50 | 1004080 gmrpeabody
gmrpeabody's picture

Or the price of gold in dollars. That's usually a good indicator.

Mon, 02/28/2011 - 13:38 | 1004217 DoChenRollingBearing
DoChenRollingBearing's picture


@ mick_richfield,

I now know it was you who wrote Fed delenda est!  So now I can attribute properly in future posts.  In the meantime:


Show us our Gold!   FED delenda est!

Mon, 02/28/2011 - 11:55 | 1003845 Turtlelord
Turtlelord's picture

Well, depends which other fiat currencies you look at.

Have a look at CHF (Swiss Franc) for the last year or so.

In fact CHF is so overvalued (due to its status as a safe currency and SNB's large physical gold holdings), that in a doomed attempt to keep the CHF competitive it shorted it and lost CHF 21 (~24 USD) billion in a few short months.

Mon, 02/28/2011 - 12:58 | 1004104 akak
akak's picture

Even the value of the Swiss franc has undergone a steady decline since the 1930s, merely a slower decline than the US dollar, primarily due to its long-standing (but now defunct, thanks IMF armtwisting) implicit link to gold, severed in 2001.

The "US Dollar Index" is nothing but a tool for currency daytraders, and much more importantly in the last couple of years, a tool of disinformation and distraction used by TPTB to deflect attention away from the ongoing and accelerating depreciation of the dollar as measured against REAL goods and not other simultaneously depreciating fiat currencies.

Mon, 02/28/2011 - 13:48 | 1004240 cranky-old-geezer
cranky-old-geezer's picture

"If the dollar is being devalued in real terms, why isn't it showing up on the dollar index?"

You're a "finance guru" and you're asking a question like this?

Dollar index compares dollar to other devaluing currencies.  If they drop faster, dollar looks better, simple.

But it's all wothless paper ...or nearly worthless ...getting closer to worthless all the time.

Want a REAL dollar index?

We already have them. Grocery prices.  Gas prices. Silver spot price.  Gold spot price. Wheat spot price.  Agricultural commodity spot prices.  Metals spot prices. Ammo prices.  Jack Daniels price.  Crown Royal price.  ANY physical commodity price ...EXCEPT housing of course, since housing is suffering from demand collapse.


Mon, 02/28/2011 - 11:38 | 1003799 zaknick
zaknick's picture

Can u say joooooden fetzen?!

Mon, 02/28/2011 - 11:27 | 1003766 Cash_is_Trash
Cash_is_Trash's picture

Fiat Power!

Mon, 02/28/2011 - 11:28 | 1003769 saulysw
saulysw's picture

Paging Wynter Benton...

(is that the correct spelling?!)

Mon, 02/28/2011 - 11:28 | 1003770 umop episdn
umop episdn's picture

May the rising price of silver expose the TBTF's for the fraud that they are.

Mon, 02/28/2011 - 11:30 | 1003776 Pladizow
Pladizow's picture

FOAM Bitches!

(Friends of Andrew Maguire)

Mon, 02/28/2011 - 11:30 | 1003778 Oh regional Indian
Oh regional Indian's picture

Everything is going vertical. Either up or down, but vertical.

As discussed many times here in various threads, it really is time to make your calls, literal and figurative. Choose a vehicle, a fence, a piece of land, a theology, a practise and stick to it.

Dollar death is clearly imminent. Weeks, a couple of months at most.

Big reset button being pushed. The sun/moon analogy for Au/Ag seems more clear every day to me. The moon is shining brighter as the darkness creeps closer.

Very fitting, at so many levels.


Mon, 02/28/2011 - 11:30 | 1003781 Harmonious_Diss...
Harmonious_Dissonance's picture

You forgot to say "Bitchez!"

Mon, 02/28/2011 - 11:48 | 1003818 Oh regional Indian
Oh regional Indian's picture

Thanks for taking care of that Harmonious! ;-)


Mon, 02/28/2011 - 13:05 | 1004132 Harmonious_Diss...
Harmonious_Dissonance's picture

No prob!  Btw, Love your blog, keep 'em coming :)

Mon, 02/28/2011 - 14:11 | 1004323 Oh regional Indian
Oh regional Indian's picture

Good to know harmonious. I fully intend to! :-) 


Mon, 02/28/2011 - 11:40 | 1003802 PY-129-20
PY-129-20's picture

Great thought, ORI! Like the analogy.

Mon, 02/28/2011 - 12:21 | 1003943 Oh regional Indian
Oh regional Indian's picture

Thanks PY.


Mon, 02/28/2011 - 11:49 | 1003821 Theta_Burn
Theta_Burn's picture

Dollar death is clearly imminent. Weeks, a couple of months at most.

I agree, BUT all these events we are witnessing, just a yr. or 2 ago would have caused a head spinning flight to safety that now barely a blip.

No other choice now but to keep turning the volume up on the meat grinder, keep rolling them dice, to buy just a little more time.

when will Karma visit these bastards?

Mon, 02/28/2011 - 12:28 | 1003981 Oh regional Indian
Oh regional Indian's picture

It is all a part of the quickening Theta. The rate of disclosure is also quickening.
Soon, Wikidribble will left in the dust by some bolder competitor.

FleeceBook will get face-palmed as it is going to be seen as a political tool. Crash.
Censorship rises in equal force to meet accelerating disclosure.

Fun times, even if they are speeding away too quickly.

Mon, 02/28/2011 - 19:26 | 1005359 StychoKiller
Mon, 02/28/2011 - 11:31 | 1003782 Turtlelord
Turtlelord's picture

While I do have a few kilos of my own money is physical I still fail to be excited by this for two reasons:

  1. 33.4 -> 33.85. Yawn, really.... That's hardly "taking off" whichever way you look at it
  2. Have you seen how stale XAG is in CHF terms?
Mon, 02/28/2011 - 11:37 | 1003797 Savonarola
Savonarola's picture

The price is being driven by the lack of action from the WH.

There is unrest on Mongo. For two years Ming the Merciless ruled with an iron hand. 

Now nothing. Is this a trap ?

Mon, 02/28/2011 - 19:29 | 1005364 StychoKiller
StychoKiller's picture

Ming the Merciless != Obamatron the Feckless


Mon, 02/28/2011 - 11:39 | 1003801 strannick
strannick's picture

The Iron Sheik has the USDX in the Camel Clutch.

Hulk Hogan wont be coming to the rescue in his stars and stripes tighties, as he's waiting at home in front of his terminal to see how many AG contracts stood for delivery.

Mon, 02/28/2011 - 12:31 | 1003998 Oh regional Indian
Oh regional Indian's picture

Not sure I got all the references. Regardless, that is hilarious, imagery and language.



Mon, 02/28/2011 - 13:59 | 1004285 JoeSexPack
JoeSexPack's picture

The Iron Sheik & Hulk Hogan were American pro wrestlers in the 1980's.

Please understand that American pro-wrestling is more theatrical than athletic.

Mon, 02/28/2011 - 14:01 | 1004290 akak
akak's picture

Much like our political system is more theatrical than democratic.

Mon, 02/28/2011 - 11:39 | 1003803 99er
99er's picture


The gift that keeps on giving.

Mon, 02/28/2011 - 11:43 | 1003809 TideFighter
TideFighter's picture

I just make my money on the a.m. gold fix. On the links by 9 a.m.

Mon, 02/28/2011 - 11:46 | 1003814 strannick
strannick's picture

A.D. inna house

Mon, 02/28/2011 - 11:45 | 1003811 LOWNskater52
LOWNskater52's picture

Stay down silver!  I need one more week of your discount price so I can load up one more time...

Mon, 02/28/2011 - 11:49 | 1003826 TideFighter
TideFighter's picture


How do I get in contact with you about a business matter?

Mon, 02/28/2011 - 12:17 | 1003930 Oh regional Indian
Oh regional Indian's picture

tide, you can reach me @

anadianant at


Mon, 02/28/2011 - 12:04 | 1003876 UglyPatheticPauper
UglyPatheticPauper's picture

Honestly I'm wishing that the dollar strengthens and Silver crashes for my family and my own life sake.  However unfortunately that is not going to happen.  In that case I wish the dollar crashes soon and hard!  This slow bleed into oblivian is killing us all!  If it just crashed I could pick myself up and dust myself off and reboot! 



Mon, 02/28/2011 - 19:53 | 1005426 Al Gorerhythm
Al Gorerhythm's picture

Deer in the headlights.

Mon, 02/28/2011 - 12:06 | 1003885 vas deferens
vas deferens's picture

Silver does take the elevator up.

WOW Blythe just got a purple nurple.


Mon, 02/28/2011 - 12:13 | 1003906 eddiebe
eddiebe's picture

Ok, great strategy( sarcasm) buy high and then sell low? 

Mon, 02/28/2011 - 12:43 | 1004027 virgilcaine
virgilcaine's picture

Virgil says SELL.  SELL EVERYTHING..or FACE DOOM.   >)  Today is an important day.. If the DOW Closes Red , the Bear is Back. & It's AOM.

Mon, 02/28/2011 - 12:40 | 1004039 Jason Bourne
Jason Bourne's picture

Run silver run. Fuck you Jamie. Fuck you Ben. Fuck you Tim. I'm happy for PM's to run to whatever level it takes to take us out. I buy a little physical silver almost everyday. Its my drop in the bucket effort at peacefully taking down our system and the pricks that use it to abuse the majority.

Mon, 02/28/2011 - 12:49 | 1004081 akak
akak's picture


Mon, 02/28/2011 - 12:44 | 1004055 Millivanilli
Millivanilli's picture

When people use terms like Poleaxing I know they are alive.  


Zerohedge.  Great data, writing, and analysis, as always.

Mon, 02/28/2011 - 12:45 | 1004056 Millivanilli
Millivanilli's picture

Bernanke is filthy crook.   When the machine guns fire in Saudi Arabia, we'll be at 150 smackeroonys.

Mon, 02/28/2011 - 20:09 | 1005452 StychoKiller
StychoKiller's picture

What an optimist!

Mon, 02/28/2011 - 12:48 | 1004074 byukid
byukid's picture

Silver is just a little tease under 34$

Mon, 02/28/2011 - 12:52 | 1004088 Xkwisetly Paneful
Xkwisetly Paneful's picture

Rates look lower this monday than last.


That exodus from the dollar must be confused.

Mon, 02/28/2011 - 13:02 | 1004096 virgilcaine
virgilcaine's picture

Bernanke and the DOW and Silver, OIL, AAPL, are all tied together.. It's all One Market.  Time to bring it in for a Crash.

This thing is going down. Wars in the ME and Oil goes down. You have China and the Euro ready to tank together, guess where they will run to?


Mon, 02/28/2011 - 13:10 | 1004143 Math Man
Math Man's picture

July 26 puts are only 64c.... but will be worth more than $6 bucks in a few months when silver breaks $20.

It only costs $5 bucks to dig it out of the ground.  

Mon, 02/28/2011 - 13:22 | 1004151 akak
akak's picture

Meth Man, you make me laugh!

It's one thing to plumb the depths of ignorance, but you have taken a bathyscaphe straight to the very bottom of the abyss.

Please say "Hello" to Bernanke, Jon Nadler, and the crew of CNBC while you're down there.

Mon, 02/28/2011 - 14:01 | 1004289 Dr. Porkchop
Dr. Porkchop's picture

t's one thing to plumb the depths of ignorance, but you have taken a bathyscaphe straight to the very bottom of the abyss.



That's not trolling, that's trawling! He's like Jules Verne, 20 000 leagues down.

Mon, 02/28/2011 - 13:20 | 1004165 Harmonious_Diss...
Harmonious_Dissonance's picture

Hey!! I thought you where putting up tiki lanterns at your beach house today? You couldn't fit them in your Ferrari or what?

Mon, 02/28/2011 - 13:38 | 1004215 Math Man
Math Man's picture

It was raining today, so I decided to buy some more puts instead.

I also like the April 25s for 11c.

No shortages + No JPM morgan short + $5/oz production costs = Silver below $20 by the summer.

Mon, 02/28/2011 - 13:49 | 1004243 akak
akak's picture

Yep, you just keep chanting all that --- the short bus will be arriving any minute now.

Mon, 02/28/2011 - 13:52 | 1004260 Harmonious_Diss...
Harmonious_Dissonance's picture

Well when it rains, it pours, eh? I like your style Mr. Meth. Indeed you seem to not only have all the facts straight, but also your analysis is astounding and impressive to a degree unfathomable! No wonder you have it so good compered to the rest of the "little people"


Mon, 02/28/2011 - 13:52 | 1004262 Math Man
Math Man's picture

And by the way, this is some take off you guys are so excited about.  

From $33.50 to $33.85!

Holy shit!  Silver moved up 1%

We better keep buying!  It's going to the moon.  

There is backwardation! 

There can't be a top before a parabolic blow-off!

Never mind the 70% parabolic move in six months that is causing producers to start hedging for the first time in a few years and driving the futures market in to backwardation.

Silver was below $20 six months ago and will be back there by the summer.

Mon, 02/28/2011 - 13:55 | 1004272 akak
akak's picture

Wow, I didn't realize that they had WiFi on the short bus!

Mon, 02/28/2011 - 13:57 | 1004277 Harmonious_Diss...
Harmonious_Dissonance's picture

Yup! Another great point!!! There is also absolutely NO geopolitical or socioeconomic uncertainty right now, so anyone would be stupid to hold metals. All's well at the beach house! Speaking of beach house, ever hear of coastal erosion?

Mon, 02/28/2011 - 13:53 | 1004263 Harmonious_Diss...
Harmonious_Dissonance's picture

Duh, nah nah nah, nuh nuh, nah nah, METH MAN!


Mon, 02/28/2011 - 14:07 | 1004308 cranky-old-geezer
cranky-old-geezer's picture

We'll think about you in the poorhouse.

...actually we won't ...except laughing perhaps :)

Mon, 02/28/2011 - 13:27 | 1004183 Temporalist
Temporalist's picture
Vietnam Central Bank Proposes Banning Gold Bullion Trading


P.S. - Marc Faber will be on CNBS shortly

Mon, 02/28/2011 - 13:29 | 1004187 akak
akak's picture

Vietnam Central Bank Proposes Banning Gold Bullion Trading

Somewhere, upon reading this, Jon Nadler just had an orgasm.

Mon, 02/28/2011 - 13:51 | 1004252 Threeggg
Threeggg's picture

From the article:

"Tightening gold-bar trading would help to change people's habits and mobilise large amounts of idle funds, VNA said, citing the State Bank of Vietnam, the central bank"

Note: If you cant read an article from WSJ without a subscription just cut and paste the article heading in Google and more than likely you will be able to read it. Whether it is from WSJ or not.

Same article from asiaone from google searching the header:

Mon, 02/28/2011 - 13:54 | 1004268 skwareman
skwareman's picture

Don't tell anybody! John Nadler is buying dollars now because there so cheap at the moment... 

Mon, 02/28/2011 - 14:17 | 1004298 virgilcaine
virgilcaine's picture

DIA AND SLV move tick by tick together.  How does that happen? You actually supporting the bernank.. supplying liquidity to his Mkts. You in Bed with the benBernank, support ME oppression via inflation .

Mon, 02/28/2011 - 14:17 | 1004339 Bansters-in-my-...
Bansters-in-my- feces's picture

Just imagine what silver would do if the fucking pig-dogs where extinguished and not allowed to play thier dirty cards.

Mon, 02/28/2011 - 14:27 | 1004370 virgilcaine
virgilcaine's picture


Mon, 02/28/2011 - 14:26 | 1004371 virgilcaine
virgilcaine's picture


Mon, 02/28/2011 - 14:48 | 1004400 Threeggg
Threeggg's picture

A must watch for SLV investors !!!!!!!!!!

For some reason the video sometimes starts at the end--- If that happens restart the video from the beginning as it is a must watch !

Scary !

Mon, 02/28/2011 - 21:26 | 1005614 DosZap
DosZap's picture


B_I_N_G_O,  ALL ETF's have an out w. exception of Sprotts, and Turks, and theirs is no picnic to get out either.

Bottom line, CEF of Canada,Perth,  or physical ONLY.

The Gvt is going to get what ever they want, unless you HAVE possession.


Always someone out to screw the honest man.

Mon, 02/28/2011 - 14:57 | 1004468 Blythes Master
Blythes Master's picture

The Master succeeded in diddling the close down pretty hard but the chart is now showing defiance as silver climbs back above 33.80 again.



Mon, 02/28/2011 - 15:32 | 1004589 baby_BLYTHE
baby_BLYTHE's picture

fuck up and buy me

Mon, 02/28/2011 - 20:58 | 1005550 DosZap
DosZap's picture


For those who have not read this, may want to....sounds just like the sorry bastards.

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