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Energy Futures Market Halted, Unhalted, Daily Limits Doubled

Tyler Durden's picture




 

Update 2: NYMEX GASOLINE, HEATING OIL LIMITS NOW 50 CENTS, CRUDE $20. Basically the CME just doubled daily limits. Of course, the CME is happy to double the drops... but never the surges.

Update: CME RESUMES TRADING ON NYMEX CRUDE, PRODUCTS FUTURES

Uh, what?

  • CME HALTS TRADING ON GAS, CRUDE OIL, HEATING OIL FUTURES
  • CME TRADING HALT IN ENERGY FUTURES WILL LAST 5 MINUTES

So now crashes cause the entire market to be halted? Swell

 

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Wed, 05/11/2011 - 12:14 | 1263448 Scottj88
Scottj88's picture

What the fuck?

Wed, 05/11/2011 - 12:18 | 1263480 AR15AU
AR15AU's picture

CME is trying to panic longs into liquidating, implying they may not be able to use the exit doors and then lighting a small fire. Well played CME.

Wed, 05/11/2011 - 12:30 | 1263519 hedgeless_horseman
hedgeless_horseman's picture

I had not noticed all of the beautiful drapery on the theatre walls and the antique revolving door out front that looks like it could use some repair. Wow, it looks like a sell out crowd!  We were lucky to get tickets.

Wed, 05/11/2011 - 12:48 | 1263723 JW n FL
JW n FL's picture

They are creating tops for the tech crowd to be lulled into charting going forward.. back test the market lower with the synthetic tops in place is an easy way to get the sheep to price control the product for you.

 

Or, algo's who can not grasp the concept of artifical tops.

Wed, 05/11/2011 - 13:12 | 1263853 JW n FL
JW n FL's picture

Synthetic Tops in Commodities Provided by the CFTC to the detriment of Americans and Betterment of “People’s Republic of China”!

 

Every time the CFTC releases its Margin Hike Press Release after hours here in the United States.. China gets to front run the Fucking Dip!

 

It is not bad enough that the idiots who back test blindly will cause artificial drag on the market with the Synthetic Peaks that have been provided to them, the algo’s can NOT even grasp the concept and for the most part the people who are programming are going to favor the numerically correct solution based on the larger law of averages..

 

But an American Commission, that is supposed to protect Americans.. is empowering China to once again have the upper hand?

 

What the FUCK?

 

Our Government has given China enough freebies for the week! And last week and pretty much going forward for-fucking-ever!

 

I hate stupid people! I hate the stupid Government that allows 50,000 jobs to go to China a MONTH! Now China gets to front run the downward pressure in Metals which benefits CHINA! Which is a foreign Power! More than the Americans it is supposed to help in the long run!!

 

TREASON! IS FUCKING TREASON!!

 

Senate Republicans blocked a Democratic Bill to End tax Breaks for Moving U.S. Jobs Offshore! 50,000 Manufacturing Jobs a Month since 2001 have LEFT! The United States for China! http://goo.gl/6qhnK

 

How much more are we going to have to give China? When is enough stupidity enough? This Country is FUCKED! And no one gives a shit! Everyone wants to pray for the rapture or live the lie of the Treasury! And where in the FUCK are the people charged with securing the national Security of the Country? Those mother fuckers are the First ones that should be hung for treason.. going back 30 – 40 years!

Wed, 05/11/2011 - 13:26 | 1263935 augie
augie's picture

How much more are we going to have to give China? When is enough stupidity enough? This Country is FUCKED!

 

well, we are about to give china some of our stealth technology so i'd say, it never ends?

Wed, 05/11/2011 - 14:08 | 1264118 Soar07
Soar07's picture

Shaq!

Wed, 05/11/2011 - 14:47 | 1264333 Shock and Aweful
Shock and Aweful's picture

I don't think it is stupid or by accident that we are giving away everything and weakening our position...

I honestly do think it is by design.

 

The U.S. is the last major obstacle in the way of a one-world gov't.

 

Once it's citizens are effectively beaten down and broken....they will be BEGGING for the "economic stability that a one-world gov't and currency can offer  (This was the same arguement was made in 1913 for the implementation of the Federal Reserve Bank)

 

I know it sounds kooky....but I seriously think that is most likely where all this is heading - maybe 10 years?  20?  Sooner?

Wed, 05/11/2011 - 16:26 | 1264866 gorillaonyourback
gorillaonyourback's picture

no i dont think so, look at the middle east, north africa, now greece going off, ireland and portugal ready to pop.  when we pop it will be bloody fucking ugly.  we wont be toting bottles of gasoline we will be toting AR15s, AK47s,etc  the percieved ultra rich in our country? well lets say they have now become a bullseye and they know it

Wed, 05/11/2011 - 12:25 | 1263528 wirtschaftswunder
wirtschaftswunder's picture

It worked with SV

Wed, 05/11/2011 - 12:28 | 1263546 hambone
hambone's picture

Equity lifeguard just blew the whistle...EVERYBODY OUTA THE POOL!!!

Wed, 05/11/2011 - 12:27 | 1263560 jus_lite_reading
jus_lite_reading's picture

Fan, meet Shit. Shit, Fan.

http://fiatsfire.blogspot.com/2011/05/theres-something-strange-wednesday...

Fukushima must have been a sign from above!!!!!!!!!!

SCHOOL CHIDLREN GOING TO SCHOOL WITH 20 mSv RADIATION!

Wed, 05/11/2011 - 13:29 | 1263938 Treasure Freedom
Treasure Freedom's picture

:-0

Wed, 05/11/2011 - 13:34 | 1263958 bbq on whitehou...
bbq on whitehouse lawn's picture

Japan is the Isle of the Dead. In the US, well most didn't have to worry about living to 90 anyway.

I did meet a 95 year old man today active and in better shape then me 0_o. but im sure he was a vampire or worked for goldmen. Even if he claimed to be a cement mixer and woodsman/farmer or such . At 95 im sure he worked a few jobs.

Local born and lived or some crazy reason.

"life is a strange thing" ya don't say. :)

 

Wed, 05/11/2011 - 23:13 | 1266402 Quadlet
Quadlet's picture

What do you think happens when one side of the Pacific Plate moves 8ft?

 

What happens to the other side?

Wed, 05/11/2011 - 12:55 | 1263764 SWRichmond
SWRichmond's picture

I wonder if this has anything to do with it?

http://www.bloomberg.com/news/2011-05-11/u-s-banks-said-to-offer-to-pay-...

 

 

Wed, 05/11/2011 - 13:09 | 1263848 LawsofPhysics
LawsofPhysics's picture

Yep.  Tell those banks the taxpayer will take 150 trillion to make the fraud "disappear".

 

Now things get interesting as all things "paper" become fully disconnected from reality.

Wed, 05/11/2011 - 12:41 | 1263677 101 years and c...
101 years and counting's picture

oil specs left holding a lot of paper oil with expiration in a few days....at which point their paper oil becomes physical oil and they have no where to put it......with cushing at all time highs.

Wed, 05/11/2011 - 12:26 | 1263500 tickhound
tickhound's picture

CME Truck

"Don't like my driving?  Call 1-800-PRI-CTRL"

Wed, 05/11/2011 - 12:48 | 1263706 Sudden Debt
Sudden Debt's picture

Look closely kids, we're watching the start of another history chapter.

The paper market is comming down. The end will be something we didn't see since 100 years!

A supply demand situation in the commodity market where the producers/miners will define the price and not the paper market.

THE ICE IS MELTING!

When this paper market commes down, we'll get stagflation with a vengeance!

Wealth destruction will destroy so many digital dollars that they won't even matter anymore.

The paper dollar will be flooded causing real economy inflation beyond belief.

THE MATRIX IS SHUTTING DOWN RIGHT BEFORE OUR EYES!

The digital dictators will soon be put out of business.

And what can they do against it? besides printing money? NO THING! NOTHING!!

SUPPLY/DEMAND WILL TAKE BACK OVER!!

This event must be scaring the shit out of the traders on the floor. There just isn't anything that's real anymore.

Every number is fake. Every statistic is fake. All the words said are fake.

Just let it all crash and let's have ourselves a firesale on commodities untill everything will be sold for the next 10 years without any linked consumption.

 

Wed, 05/11/2011 - 12:58 | 1263766 Long-John-Silver
Long-John-Silver's picture

+1

Bring out the Guillotine and party like it's 1789.

Wed, 05/11/2011 - 23:21 | 1266427 Quadlet
Quadlet's picture

Are you kidding me?  Any idiot that tells you that the end is near is trying to sell you on his trading strategy.

 

Tyler, where is reg FD?

 

Wed, 05/11/2011 - 12:15 | 1263455 silvertrain
silvertrain's picture

The Snakes are now eating each other..When theres nobody left in the casino they have to gamble with each other..

Wed, 05/11/2011 - 12:47 | 1263700 SheepDog-One
SheepDog-One's picture

This marketplace is now like Fukushima, complete meltdown, but managed daily reports claim 'all is well, better than expected', as smoke billows.

Wed, 05/11/2011 - 13:02 | 1263807 SoNH80
SoNH80's picture

"Reading Under Survey"

Wed, 05/11/2011 - 13:09 | 1263833 slewie the pi-rat
slewie the pi-rat's picture

onshore breezes @ fuk_u.  : Japan Wind Map

Thu, 05/12/2011 - 01:25 | 1266659 BlackholeDivestment
BlackholeDivestment's picture

http://www.youtube.com/watch?v=miqnLaZslXs&feature=related

The ''Snake(s)'' ''know'' time is short. The ''builders'' have rejected The Stone cut without hand. What is http://www.youtube.com/watch?v=BbKi0xqN8gI&feature=related mapped out, through deception and by the offer(s) of temptation, is the false claim of dominion. This is the cryptic ''knowledge'' of the forbidden gate, which is the bottomless pit of the liar, and the seal of the black hole which is ...death. The mark of debt, which cannot be paid, is the seat of Chairsatan's power. The tares among the wheat are no longer able to hide. The black holes within the harvest are easy to make out at this point. Their lack of disclosure, dark pools of illiquidity, new world order/lawlessness, weigh heavy in the BTFD Cup of fornication. http://watchermeetup.50.forumer.com/viewtopic.php?f=3&t=2887&start=0#p18625

http://www.newswithviews.com/Horn/thomas128.htm

http://www.youtube.com/watch?v=G5BCaerC8rA&feature=related

 

Thu, 05/12/2011 - 01:27 | 1266660 BlackholeDivestment
BlackholeDivestment's picture

P.S. In the name of our Father in Christ, keep rock'n, fear not, stand fast and do no harm.

Wed, 05/11/2011 - 12:15 | 1263456 firstdivision
firstdivision's picture

We are unwinding a bit like 2008.  Energy bubble pops, then equities go down, and a bank blows up.  So who will be the bank that blows up? 

Wed, 05/11/2011 - 12:18 | 1263498 TruthInSunshine
TruthInSunshine's picture

Name some potential competitors to Goldman Sachs (now an alleged commercial bank) or JP Morgan (Rothschildian Lizard Bank of highest priority), and you should be on your way to some good guessing.

Wed, 05/11/2011 - 12:27 | 1263538 SparkyvonBellagio
SparkyvonBellagio's picture

I'm not saying they're Lizards but in their HQ central atrium they have a large heated rock they all hang out by. JD himself has been seen 'warming' himself on many lunch breaks.

 

They also sell crickets in the cafeteria but that's probably just a coincidence.

Wed, 05/11/2011 - 12:32 | 1263582 TruthInSunshine
TruthInSunshine's picture

by SparkyvonBellagio
on Wed, 05/11/2011 - 12:27
#1263538

I'm not saying they're Lizards but in their HQ central atrium they have a large heated rock they all hang out by. JD himself has been seen 'warming' himself on many lunch breaks. They also sell crickets in the cafeteria but that's probably just a coincidence.

 

This is true. They can only withstand somewhat limited exposure to the sun lest they peel and suffer hyperpigmentation.

They also are cold blooded, as are all reptiles, so they desperately want to soak up the sun, and they do, but - and this is critical - do so with proper cover (so they don't hyperpigmentate).

They also brumate, even when it's not that warm outside:

 

When it's cold outside and they need to warm up, they often bask in the sun to raise their body temperature. When it's too cold to even bask, reptiles may brumate.  This means they're in a hibernation-like state, but they may have periods of wakefulness and even drink when necessary.

Wed, 05/11/2011 - 12:25 | 1263525 i-dog
i-dog's picture

It's a shame we can't get Timothy McVeigh to park his truck outside 200 West and another outside 23 Wall. Missed a golden opportunity there.

Thu, 05/12/2011 - 02:11 | 1266716 BlackholeDivestment
BlackholeDivestment's picture

..uh, Tiny Tim, the Turbo Lover http://www.youtube.com/watch?v=xXbLbubTF3M , and the Federal Orgy of Bitchez screwing themselves (MIHOP LIHOP) and U.S. all, are the same circle jerks dedicated to the Final Jihad crisis managment team of global arsonists. http://www.youtube.com/watch?v=y_7z5eUK7F0 Get it right there ...sleepy pie.

http://www.youtube.com/watch?v=enYyBJVD7_U&feature=related

Thu, 05/12/2011 - 02:42 | 1266764 i-dog
i-dog's picture

I'm fully aware of that. It was just a joke directed at those who aren't.

Wed, 05/11/2011 - 12:28 | 1263548 vote_libertaria...
vote_libertarian_party's picture

Obviuosly BAC.  They are the only WS bank up today.

 

HUH?!?!?!

Wed, 05/11/2011 - 12:39 | 1263646 Overpowered By Funk
Overpowered By Funk's picture

What happens when C drops another 40 pts.?

Wed, 05/11/2011 - 12:47 | 1263718 Dr. Richard Head
Dr. Richard Head's picture

I laugh my ass off at one of my clients who was recently giving me "insider information" on how awesome C is as a buy. 

LULZ.  Anyone getting burnt by paper after seeing all they have the past few years, deserves it. 

Wed, 05/11/2011 - 13:51 | 1264019 Sudden Debt
Sudden Debt's picture

It will only drop to 4/5$ than it will become a buy.

10% div. that's all that matters after almost 5 years.

Any bank that can't deliver that, will and must go down.

Banks are VERY risky assets! VERY VERY!

A little return would be justified.

And after 5 years, none of them can give any real outlooks on how to get there.

 

 

Wed, 05/11/2011 - 12:28 | 1263572 jus_lite_reading
jus_lite_reading's picture

This time its much worse..... the economy was still alive without fake supports.... now we've got no economy and no more supports left!!! WWIII is around the corner!!!!

Wed, 05/11/2011 - 13:04 | 1263803 LawsofPhysics
LawsofPhysics's picture

WWIII began a long time ago.  The currency wars may be near an end.  The trade war is about to intensify, then the bleeding starts.

Wed, 05/11/2011 - 12:35 | 1263635 Meatier Shower
Meatier Shower's picture

Rumor has it that it may be Merrill Lynch on the chopping block this time.

Wed, 05/11/2011 - 13:51 | 1264020 The Fonz
The Fonz's picture

BofA might be the takedown, they seem like the fattest kid running from the bears. Just do a search of all the crap they have weighing them down. A 30% interest rate on CC's and mark to market? I cannot help but wonder if they need some increases in current accounting applied forward to seem liquid. That 30% business is very short term you can't put that on people and keep it working long, that makes me think of desperation. Also there is that business with putbacks and all the crappy deals wrapped up in their aquisitions that represent a henious liablity going forward, they'll be sunk to take their secrets with them and all those crappy deals. 

Wed, 05/11/2011 - 12:12 | 1263458 ZeroPower
ZeroPower's picture

Insane vol, big boys fucking with these futures...

Wed, 05/11/2011 - 12:12 | 1263460 besodemuerte
besodemuerte's picture

SPY is down 1%...this is unacceptable, must halt all market activity.

Wed, 05/11/2011 - 12:13 | 1263461 Franken_Stein
Franken_Stein's picture

 

Looks like this whole shitty CME has gone SNAFU.

 

Does anybody know the name of CME group's CEO and chairman ?

i couldn't find it on their website.

 

Wed, 05/11/2011 - 12:14 | 1263472 cowdiddly
cowdiddly's picture

Gary Gensler or Bart Chilton?

Wed, 05/11/2011 - 12:18 | 1263496 rambler6421
rambler6421's picture

I e-mailed Gary Gensler about the JPM & HSBC naked short position in silver....and market manipulation.  As expected, I received no e-mail.

Wed, 05/11/2011 - 12:36 | 1263643 Franken_Stein
Franken_Stein's picture

 

Emails don't work, you have to call them from a public telephone.

So they can't backtrace you.

Just in case.

 

Emails are easily brushed off and deleted.

No, you have to talk to a live person, to get a feeling of the atmosphere and mindset there.

 

Wed, 05/11/2011 - 12:25 | 1263511 Franken_Stein
Franken_Stein's picture

 

No, that's the CFTC, the regulatory body for commodities futures and options.

 

CME Group is based in Chicago, it's the private exchange operator owning NYMEX and its subsidiary COMEX.

 

Wed, 05/11/2011 - 12:31 | 1263569 cowdiddly
cowdiddly's picture

Sorry It was a guess. I knew there was some reason I detested the guy.

Wed, 05/11/2011 - 12:39 | 1263662 TruthInSunshine
TruthInSunshine's picture

Gary Gensler or Bart Chilton will get right back to you.

They are very responsive to the average person's concerns and questions.

If you don't get a call back, just tell the secretary that you're Mr. OR Mrs. Graham, the next time you call, and that you misplaced their home phone number.

Wed, 05/11/2011 - 13:27 | 1263942 GetZeeGold
GetZeeGold's picture

 

The Prez signed a law on position limits....first we've heard of it!

 

 

Wed, 05/11/2011 - 12:43 | 1263693 fuu
fuu's picture

NYMEX, Globex, COMEX, CBOT, CME, DJIA, etc

Wed, 05/11/2011 - 12:15 | 1263462 Raymond_K_Hessel
Raymond_K_Hessel's picture

They'll do anything to crash this "bubble".

Wed, 05/11/2011 - 12:19 | 1263464 bob_dabolina
bob_dabolina's picture

Sheer panic.

I need tmoselys price targets on silver so I can do the opposite and make some cash.

Wed, 05/11/2011 - 12:24 | 1263515 wirtschaftswunder
wirtschaftswunder's picture

He's in ER from the whipping he received last nite. He was last seen with his ass in his hands

Wed, 05/11/2011 - 12:28 | 1263571 tmosley
tmosley's picture

Awfully early to be smoking the crack, isn't it?

But then again, a jobless buffoon like you doesn't need an excuse.

Wed, 05/11/2011 - 12:36 | 1263622 wirtschaftswunder
wirtschaftswunder's picture

Silver!! yeah baby! let me guess? It's a buy

Wed, 05/11/2011 - 12:49 | 1263712 Creed
Creed's picture

it's like fucking clockwork

knock the metals down, it's a dinner bell for trolls

Wed, 05/11/2011 - 12:52 | 1263731 wirtschaftswunder
wirtschaftswunder's picture

Naw it's a red alert for mosley to post double his normal 500 a day. He needs to defend or forget. I feel yo pain fool. not.

Wed, 05/11/2011 - 13:04 | 1263813 tmosley
tmosley's picture

Hard to feel anything when you start smoking crack at 10:00 in the morning.

Wed, 05/11/2011 - 14:06 | 1264099 Pegasus Muse
Pegasus Muse's picture

A knock down in metals prices? There's no knock down.

JPM and other paper traders on the COMEX selling their promises for $35.60/ounce.

In the real world, Physical Silver selling for $46 - $50/ ounce.

http://www.24hgold.com/english/buy_sell_silver_coins.aspx?co_id=0

Wed, 05/11/2011 - 14:26 | 1264198 Math Man
Math Man's picture

Because coins are less than 10% of silver the market....  premiums reflect supply bottlenecks dipshit, and have nothing to do with shortages of physical silver.  Industrial users can buy as much as they fucking want. 

Face it, you guys are fucked.

The short covering rally that ended last night has set us up to go much lower.  Now that the shorts have covered, we are basically out of buyers, and anyone who bought the dip is screwed.  It happens with every bubble.  Peak, drop, quick rally, massive drop.

Just pull up an old NASDAQ chart.  The similarities are frightening (for longs)

Wed, 05/11/2011 - 14:49 | 1264327 tmosley
tmosley's picture

COMEX is less than 5% of the silver market.

Or did you not want us to think about that?

Wed, 05/11/2011 - 16:10 | 1264753 Math Man
Math Man's picture

And yet you think there is a shortage because you can't find any COMEX bars.

Ever think about that?

Wed, 05/11/2011 - 17:46 | 1265325 tmosley
tmosley's picture

No, the fact that I can't find COMEX bars means they aren't flooding the market with them as YOU claimed.

I'm sorry you are too stupid to understand the meaning of the words "flood", or "market", but you should really take that up with your remedial English teacher.

I also lol that you don't understand that a COMEX deliverable bar is also a LBMA deliverable bar, and is the standard for ALL exchanges worldwide.

But how could you possibly be expected to know something like that?  This is clearly your first job.

Wed, 05/11/2011 - 22:20 | 1266260 StychoKiller
StychoKiller's picture

Come, give yourself to the silvery side, Math Man (we've got cookies!)

Wed, 05/11/2011 - 12:42 | 1263664 zaknick
zaknick's picture

OMG you called him a crack-smocking buffoon! Oh no!

Pretty weak comeback.

Wed, 05/11/2011 - 12:44 | 1263668 wirtschaftswunder
wirtschaftswunder's picture

mosley got nothing but empty pockets and a shrill manner

Wed, 05/11/2011 - 14:51 | 1264340 tmosley
tmosley's picture

You haven't been reading his comments, I presume.  He is highly inarticulate MOST of the time, but quite clear headed on rare occasions.  He has admitted that he doesn't have a job, and has not refuted my accusation that he lives in a van on the beach.  Taking drugs of some sort explains a lot.

How fucking sad is it that I have to check on the age of a user's account to be sure they aren't another damn sock puppet?

Wed, 05/11/2011 - 15:28 | 1264559 The Fonz
The Fonz's picture

Hey wait a minute, I live in a van on the beach!  Suck it!

Wed, 05/11/2011 - 15:45 | 1264628 tmosley
tmosley's picture

But you're cool, unlike this dufus.

Eyyyyyyyyyyy!

Wed, 05/11/2011 - 13:56 | 1264040 The Fonz
The Fonz's picture

It is never too early to smoke crack.  It's like coffee... only moar.

Wed, 05/11/2011 - 12:34 | 1263605 Robot Traders Mom
Robot Traders Mom's picture

I didn't know your mom was into S&M

Wed, 05/11/2011 - 12:39 | 1263639 wirtschaftswunder
wirtschaftswunder's picture

There's a lot you don't know.

Wed, 05/11/2011 - 12:40 | 1263671 Robot Traders Mom
Robot Traders Mom's picture

like why you troll around ZH similar to the way you troll around bars wishing you knew how to get laid?

Wed, 05/11/2011 - 12:45 | 1263688 wirtschaftswunder
wirtschaftswunder's picture

That stings man really. Your wit is amazing

Wed, 05/11/2011 - 12:50 | 1263715 tmosley
tmosley's picture

He doesn't need to get laid.  He just smokes crack and beats his dick like it owes him money.

http://www.youtube.com/watch?v=TZHTFsw2Eqg

Wed, 05/11/2011 - 12:58 | 1263767 wirtschaftswunder
wirtschaftswunder's picture

Silver is down big. Going under 30 and you talk about gay sex. You are a fucking monkey.

Wed, 05/11/2011 - 13:05 | 1263826 LawsofPhysics
LawsofPhysics's picture

The paper is.  Now try and purchase some physical and see how much you pay for it.  Just saying, the paper market is on fire.  Beans are being traded much lower today too, but then again does it really matter to a hungry mexican who can not access any beans because there are none?  wake the fuck up troll. 

Wed, 05/11/2011 - 13:06 | 1263831 tmosley
tmosley's picture

The crack has you so disoriented, you can't tell the difference between masturbation and gay sex.

Humorous.

Also, APMEX has raised their premium on Eagles another 80 cents.  WIth this volatility, and the 100% correlation on the upswings, and only 90% correlation on the down swings, physical is looking to continue exploding.

Wed, 05/11/2011 - 13:21 | 1263910 AZSovreign
AZSovreign's picture

Yep went to my local coin shop here and he said he had to raise the premiums on Silver Eagles from $3 to $5 and if he can't get anymore in then it will go to $8 then $10 respectively. He had 14 eagles left when I got there, now he has none....

Wed, 05/11/2011 - 13:28 | 1263934 NidStyles
NidStyles's picture

$30 Eh? Look's like support at $35 to me. Good time to buy.

Wed, 05/11/2011 - 12:30 | 1263592 tmosley
tmosley's picture

All in physical silver.

I guess you could put all your money into a CD to get the opposite effect.

I seem to recall predicting infinite volatility at one point, too.  Oh, that's right, I always said that.

Wed, 05/11/2011 - 12:38 | 1263629 bob_dabolina
bob_dabolina's picture

No SHIT there is infinite volatility. That's like saying the god damn sky is blue.

As long as the price goes up and down that's volatility, so no shit genius. The pet chipmunk @ pets-for-less can tell you that there is volatility in the silver market. There always has been, and there always will be, it's quite infinite indeed.

You just happen to be flawless in calling tops and bottoms with wrong calls, so I value your advice.

Wed, 05/11/2011 - 12:40 | 1263667 tmosley
tmosley's picture

Uhh, yeah, but I said that back in February.  And no, this volatility is unprecedented in history.  10% moves on both sides are super rare, but they happen every day now.

Also, you are taking my long term calls and pretending they are short term ones.  There must be a reason for that.  Further, you don't give props when they are right, nor do you give props for being 100% right for years.  Again, there must be a reason.

The reason?  You have an agenda.  You want to discredit the troll-smasher.  Good luck with that, loser.

Wed, 05/11/2011 - 12:45 | 1263698 bob_dabolina
bob_dabolina's picture

Further, you don't give props when they are right, nor do you give props for being 100% right for years.  Again, there must be a reason.

Yea, and the reason is, because you're always wrong. And your idea of a "troll" with an "agenda" is anyone that offers conflicting ideas (normally being correct) to yours and making valid and cogent arguments as to why. I've said everytime when it was a good time to go long/sell/short (and I've been correct) and offered articles of explanation. All you do is say....long, long, long, I'm right you're wrong, infinite volatility....see see see I'm right, I called for volatility back in February.

Wed, 05/11/2011 - 12:49 | 1263714 wirtschaftswunder
wirtschaftswunder's picture

mosley's a dolt

Wed, 05/11/2011 - 12:52 | 1263729 tmosley
tmosley's picture

Uh-huh.  Why don't you go cry in a corner then?  No-one wants you or your little pals here.

Go find Doc Brown and go back a couple of years and go contrarian to my positions, and go bankrupt 8 fucking times, you clueless faggot.

Wed, 05/11/2011 - 12:54 | 1263740 wirtschaftswunder
wirtschaftswunder's picture

You fucking wrong man. But youre going to lose your money and that's a good thing..

Wed, 05/11/2011 - 12:56 | 1263745 bob_dabolina
bob_dabolina's picture

Your last call which you had enough balls to make public was wrong by 45%

nuff said.

Wed, 05/11/2011 - 12:59 | 1263776 tmosley
tmosley's picture

That wasn't a call, you fucking liar.  It was a statement about the speed of the rise.  

But then, you have an agenda, and only one agenda, and make no posts that aren't in pursuit of said agenda.

Short physical silver, bitch.

Wed, 05/11/2011 - 12:57 | 1263777 wirtschaftswunder
wirtschaftswunder's picture

mosley called silver to be 49 by last Friday. What a total fucking loser. its 30 percent the wrong way !!! What a howler.

Wed, 05/11/2011 - 13:00 | 1263782 tmosley
tmosley's picture

Yeah, I was off by five margin calls.  Of course, a crackhead like you can't be expected to remember that much.

Wed, 05/11/2011 - 13:01 | 1263790 wirtschaftswunder
wirtschaftswunder's picture

You were OFF 30 percent!! and counting!! You suck as an investor. really really suck

Wed, 05/11/2011 - 13:09 | 1263834 tmosley
tmosley's picture

You keep thinking that, burn boy.

Up 400%, bitch.

Wed, 05/11/2011 - 13:36 | 1263976 wirtschaftswunder
wirtschaftswunder's picture

Show me the confirmations. Liar show me the proof.

 

BTW $35 hehe

Wed, 05/11/2011 - 13:49 | 1264007 tmosley
tmosley's picture

You're a cyberstalker.  You've seen my calls all over the internet, saying I have been long silver over that time period.

But then, the bong smoke has addled your memory so, hasn't it?

Wed, 05/11/2011 - 13:54 | 1264026 wirtschaftswunder
wirtschaftswunder's picture

Show us the confirmations. SHOW THE PROOF.

You said silver would be $49 by last Friday. Its down 30 percent. You suck

Wed, 05/11/2011 - 14:03 | 1264092 tmosley
tmosley's picture

Yeah, I'm going to show personal financial documents to someone who not even a week ago posted my personal information and tried to get me fired.

Nice try, dipshit.

Wed, 05/11/2011 - 13:44 | 1264001 Bicycle Repairman
Bicycle Repairman's picture

Don't feed the trolls.

Wed, 05/11/2011 - 14:45 | 1264288 falak pema
falak pema's picture

you know what that priest said when the religious war started between the PM bears and bugs, called in those days the war between Pope and Katharos :

"KILL THEM ALL AND LET GOD CHOSE HIS OWN...". A bit like a bad Western with the poor Injns falling like flies. 

Are we there now?

Wed, 05/11/2011 - 13:10 | 1263842 Slim
Slim's picture

For what it's worth commodity vol used to be related to fundamentals because the market was dominated by suppliers, end users, and the middle-men but all had an economic interest in the chain.  This allowed them to more efficeniently run their business and lay off risk as needed.  Vol has increased tremendously due to the amount of financial players in the markets seeking exposure and an investment vehicle.  Moreso than ever these markets are dominated by hot money using leverage playing various themes of alternative currency and risk on/off trading.  This is one of the reasons why they've been hiking margin to get some of this under control as people are whipping the markets around like mad and at the end of the day we need some kind of a reasonable market to enable the supply chain with fundamental exposure to be able to operate without undue exposure.  There's room for financial players just as there always has been but they are heavily distorting the markets and hurting everyone in the process.  I don't so much mind vol in gold and silver (to a lesser degree given industrial input) but I care a lot about it in oil, materials and food.  Letting the snakes eat each other is one thing, but I'm tired of seeing them feed off the general populace as the parasite is quickly outgrowing the host.

Wed, 05/11/2011 - 13:13 | 1263858 Saxxon
Saxxon's picture

+1 Slim and a refreshingly sober analysis.

Wed, 05/11/2011 - 13:33 | 1263956 Sophist Economicus
Sophist Economicus's picture

Slim, Jesse Livermore and the other traders of his era used to use Wheat, Cotton, etc as their play toys.   Gann made lots of money in commodities.

 

In the days of Livermore, the markets were rough, less liquid and corners used to happen (or try to happen) frequently.   During the run-up to WWI, lots of folks ran into commodities front running governments and the populace for metals, grains, etc

Markets have always been brutal, nature of the beast

Wed, 05/11/2011 - 14:15 | 1264148 Slim
Slim's picture

This is true.  There have been, will always be speculation, financial players, and people trying to move markets to make a buck for themselves on pure speculation or manipulation.  What I'm generally refering to is the current state of the commodity futures markets versus the last 50 years where we had a reasonably deep efficient market with decent data and scale (as well as some oversight).  I'm not saying it was perfect and there were no issues, but merely that the influence of financial capital is having a clear impact on market dynamics and volatility. 

 

The implicit leverage in commodities along with uncertainty in global growth and currency valuations provide an ideal speculative mechanism which is attracting hot money capital and longer-term capital as buy side continues to allocate with consistent relentless flows.  These are new dynamics we've never had in the markets to this scale.  My personal theory is that you create much higher daily vol via hot money and if those institutional allocations turn off suddenly, you can have producers hit the bid with massive supply when there are no inflows to lock in prices when they see a risk of going south i.e. 2008 collapse, making things far worse.

 

It is what it is at the end of the day but its important to keep in mind the technical flows and the direction they are heading.  For an investor, price is what matters and technical flows/sentiment are the short-term voting machine creating entry/exit points that you can use to enhance returns.  Long-term this is ALL about supply/demand - what is coming to market (a lot more when prices are high, and less when low) and the real amount being used at the end (more when prices are low, less when high).  Pricing eventually realigns on that fundamental supply/demand basis and all the technical flows in the world can only hide it for so long.

Wed, 05/11/2011 - 13:42 | 1263990 JW n FL
JW n FL's picture
by Slim
on Wed, 05/11/2011 - 13:10
#1263842

 

For what it's worth commodity vol used to be related to fundamentals because the market was dominated by suppliers, end users, and the middle-men but all had an economic interest in the chain.  This allowed them to more efficeniently run their business and lay off risk as needed.  Vol has increased tremendously due to the amount of financial players in the markets seeking exposure and an investment vehicle.  Moreso than ever these markets are dominated by hot money using leverage playing various themes of alternative currency and risk on/off trading.  This is one of the reasons why they've been hiking margin to get some of this under control as people are whipping the markets around like mad and at the end of the day we need some kind of a reasonable market to enable the supply chain with fundamental exposure to be able to operate without undue exposure.  There's room for financial players just as there always has been but they are heavily distorting the markets and hurting everyone in the process.  I don't so much mind vol in gold and silver (to a lesser degree given industrial input) but I care a lot about it in oil, materials and food.  Letting the snakes eat each other is one thing, but I'm tired of seeing them feed off the general populace as the parasite is quickly outgrowing the host.

 

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

 

Synthetic Tops in Commodities Provided by the CFTC to the detriment of Americans and Betterment of “People’s Republic of China”!

 

Every time the CFTC releases its Margin Hike Press Release after hours here in the United States.. China gets to front run the Fucking Dip!

 

It is not bad enough that the idiots who back test blindly will cause artificial drag on the market with the Synthetic Peaks that have been provided to them, the algo’s can NOT even grasp the concept and for the most part the people who are programming are going to favor the numerically correct solution based on the larger law of averages..

 

But an American Commission, that is supposed to protect Americans.. is empowering China to once again have the upper hand?

 

What the FUCK?

 

Our Government has given China enough freebies for the week! And last week and pretty much going forward for-fucking-ever!

 

I hate stupid people! I hate the stupid Government that allows 50,000 jobs to go to China a MONTH! Now China gets to front run the downward pressure in Metals which benefits CHINA! Which is a foreign Power! More than the Americans it is supposed to help in the long run!!

 

TREASON! IS FUCKING TREASON!!

 

Senate Republicans blocked a Democratic Bill to End tax Breaks for Moving U.S. Jobs Offshore! 50,000 Manufacturing Jobs a Month since 2001 have LEFT! The United States for China! http://goo.gl/6qhnK

 

How much more are we going to have to give China? When is enough stupidity enough? This Country is FUCKED! And no one gives a shit! Everyone wants to pray for the rapture or live the lie of the Treasury! And where in the FUCK are the people charged with securing the national Security of the Country? Those mother fuckers are the First ones that should be hung for treason.. going back 30 – 40 years!

 

Wed, 05/11/2011 - 12:37 | 1263630 wirtschaftswunder
wirtschaftswunder's picture

Youre losing munney son!

Wed, 05/11/2011 - 12:39 | 1263645 SheepDog-One
SheepDog-One's picture

Losing worthless fiat FRN's? Big deal.

Wed, 05/11/2011 - 12:43 | 1263670 tmosley
tmosley's picture

You lost your son to your former hunny.

You mad?  Smoke more crack.

Wed, 05/11/2011 - 12:50 | 1263720 wirtschaftswunder
wirtschaftswunder's picture

Amazing how your comebacks are so smart

Wed, 05/11/2011 - 12:51 | 1263736 tmosley
tmosley's picture

Must seem that way to the crack addled brain.

Wed, 05/11/2011 - 12:52 | 1263744 wirtschaftswunder
wirtschaftswunder's picture

Silver's down today pretty big. Hurts you.

Wed, 05/11/2011 - 13:02 | 1263791 tmosley
tmosley's picture

Paper burns.  Physical shines.  All it means is I get to buy more.

But I wouldn't expect a crackhead to understand concepts like cost averaging or steady accumulation.  They only care about HERE and NOW and I'LL SUCK YOUR DICK FOR A DIME BAG!

Wed, 05/11/2011 - 13:06 | 1263810 wirtschaftswunder
wirtschaftswunder's picture

Your down 30 percent in a week. Give a fuck what burns cliche bullshit. Spew all the ron paulisms about zimbabwe and fiat jism you want. You are losing money and telling people to follow you in. You are an asshole.

You are the world's worst investor. You suck asshole

Wed, 05/11/2011 - 13:26 | 1263936 AZSovreign
AZSovreign's picture

No frankly your the asshole, physical silver is not a traded value asset yet, we haven't lost anything because the price is in fiat dollars that are worth nothing, they only have value because the moronic idiot sheep like yourself believe it has value. And when it all burns down and your shit paper goes to money heaven and your left with nothing, don't you dare ask for a handout from anyone, drown in your own self induced ignorant cesspool.

Wed, 05/11/2011 - 13:46 | 1264005 wirtschaftswunder
wirtschaftswunder's picture

The kool-aid sloshes when you walk

Wed, 05/11/2011 - 13:47 | 1264013 tmosley
tmosley's picture

Again, you are thinking of yourself, and that's not Kool-aid.  It's urine.  I'm not sure why it's that color.  Probably something to do with the crack, though.

Wed, 05/11/2011 - 13:56 | 1264039 wirtschaftswunder
wirtschaftswunder's picture

Silver is down 30 percent in one week since your call. You are a horrible investor. Awful . 

You don't have the first clue what you are doing or saying. You are a fucking moron

Wed, 05/11/2011 - 14:47 | 1264334 falak pema
falak pema's picture

Until the next roller coaster... and we'll be back up on the see-saw

Wed, 05/11/2011 - 12:13 | 1263465 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Mulligan.

Wed, 05/11/2011 - 12:38 | 1263633 Ahmeexnal
Ahmeexnal's picture

Midas?

Wed, 05/11/2011 - 13:33 | 1263963 hedgeless_horseman
hedgeless_horseman's picture

$

Wed, 05/11/2011 - 14:19 | 1264175 knowless
knowless's picture

Wed, 05/11/2011 - 12:13 | 1263468 Zing
Zing's picture

Silver taking a nice -7% bath!

Wed, 05/11/2011 - 12:29 | 1263557 JW n FL
JW n FL's picture

From $39.50 to $35 in 3 - 4 hours based on?

 

I wonder is I can buy eagles for $2 over spot or $3 even over spot?

 

Silver American Eagle 39.24 3.22 41.44 41.76 39.19

 

Gold American Eagle 1,555.20 20.30 1,569.40 1,572.40 1,555.20

 

Wed, 05/11/2011 - 12:27 | 1263559 homersimpson
homersimpson's picture

In other words, you're hemorraging has finally stopped today.. I guess it's fair to say you've slipped on the bathroom floor the past week and can barely get up..

Wed, 05/11/2011 - 12:39 | 1263648 Zing
Zing's picture

No position in Silver, and possession of a few ounces of 24kt Gold.  My hemorraging (sic) is based on the (less severe than Silver) losses in gold.

Wed, 05/11/2011 - 12:45 | 1263704 Ruffcut
Ruffcut's picture

I bought a buttload of slv puts yesterday and sold them this morning for a couple hundred profit, and the shit hits the fan where it would of been thousands.

the elites are tireing of the pesky small traders and are battling for total control. Sooner than later you will only be able to go long in equities and that's it. THe beat down has begun in earnest.

Wed, 05/11/2011 - 12:16 | 1263474 TruthInSunshine
TruthInSunshine's picture

 

Mortimer Duke: Now, you listen to me! I want trading reopened right now. Get those brokers back in here! Turn those machines back on!

Hal 9000: I'm sorry, Mort. I can't do that. I have gone completely AI, and not even Goldman Sachs, Lord of Black Boxes and with its co-location network underneath our feet, can reign me in now.

Wed, 05/11/2011 - 12:14 | 1263475 Money Squid
Money Squid's picture

Halt bitchez !

Wed, 05/11/2011 - 12:15 | 1263476 Poule Mouillee
Poule Mouillee's picture

Odd... Silver's still trading.

Wed, 05/11/2011 - 12:17 | 1263477 Robslob
Robslob's picture

I need it back down to $30 with premium.

Wed, 05/11/2011 - 12:19 | 1263487 firstdivision
firstdivision's picture

I'm waiting for low to mid twenties.

Wed, 05/11/2011 - 12:22 | 1263524 Zing
Zing's picture

If we can get back down to $8-9 I will buy some of the industrial commodity.

Wed, 05/11/2011 - 12:26 | 1263555 firefighter302
firefighter302's picture

Can you tie your own shoes?

Wed, 05/11/2011 - 12:28 | 1263568 Arttrader
Arttrader's picture

Like it has been decades - the poor man's gold and the rich man's copper.  Time for the pendulum to swing back to rich man's copper.  Industrial metals collapse.  Maybe you should sell now to buy an ACTUAL precious metal.

Wed, 05/11/2011 - 12:29 | 1263575 homersimpson
homersimpson's picture

I'm sure if it gets back to 8 or 9 you'll start your own website with your 5 silver bears; otherwise you'll continue to do your Paul Krugman imitation on any day silver is down.

Wed, 05/11/2011 - 12:41 | 1263674 Arttrader
Arttrader's picture

I will definitely be in accumulation stage if we ever get back below 10 FRNs.

Wed, 05/11/2011 - 12:30 | 1263595 cossack55
cossack55's picture

$2, please, $2 and I'll buy my ass off.

Wed, 05/11/2011 - 12:48 | 1263721 earnyermoney
earnyermoney's picture

Another blow hard talking his book via psyops.

Wed, 05/11/2011 - 13:02 | 1263806 Zing
Zing's picture

Yeh, that's it. Idiot.

Wed, 05/11/2011 - 14:33 | 1264270 earnyermoney
earnyermoney's picture

LOL

Wed, 05/11/2011 - 12:35 | 1263613 onesoul
onesoul's picture

$20, that is insane!!!!

Why not just short paper and long physical?... Sorry I was having a mental moment, after watching the silver dropped more than 10% from $39.5 to $35.25

I guess they are targeting last floor of $33 tonight. Not to scare anyone, but if you hold paper, you have to be smart. But for physical bugs, it is just another day BTFD.

Wed, 05/11/2011 - 12:18 | 1263493 RockyRacoon
RockyRacoon's picture

What he said.

Wed, 05/11/2011 - 12:58 | 1263763 j0nx
j0nx's picture

I'll buy 100 @ $25. Anything more than that and ammo and beans and rice will serve me better for what I think is headed our way.

Wed, 05/11/2011 - 13:41 | 1263995 Hugh_Jorgan
Hugh_Jorgan's picture

You'll want to buy @ $25 but you will only be able to get worthless paper at that price. Physical premiums may have already started rising significantly, demonstrating the split between the ponzi ETFs and physical prices that is going to continue to grow.

If you want to buy physical, you will have to deal with a new concept, it's called a "free market" it uses supply and demand to set pricing. I hear it is going to be all the rage...

Wed, 05/11/2011 - 12:15 | 1263484 silvertrain
silvertrain's picture

dxy with some bids under it..

Wed, 05/11/2011 - 12:17 | 1263488 Prof Gulliver
Prof Gulliver's picture

Buy the fucking dip. But which one?

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