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Eric Sprott Discusses Silver's Prospects And Last Week's Raid With Max Keiser

Tyler Durden's picture


Eric Sprott, who according to some catalyzed the initial move lower in silver following his sale of PSLV units, to be followed by a bullish clarification that he transferred all proceeds into other silver holdings, was on Max Keiser late last week in an interview that anyone interested in the silver market should listen to. Among the key summary highlights: "I will be a buyer of silver today. I will be a buyer of silver tomorrow. We have not lost any faith in what has happened to silver." As for what happened with that instantaneous $6 dollar drop in silver on May 1: "In my mind it was just one of those raids that we experience from time to time. There was no particular reason for it. And then we end up with 5 margin rate increases. It just reeks of someone manipulating the price of silver down. I have no fear of silver here. Yes it will be parabolic, but it's going to be way more parabolic than what we have today... I believe that gold today is the de facto reserve currency. It's outperformed everything for 11 years. Silver has always been a currency, people are now treating it as a currency, and it's a very, very small market. There is no way that with roughly $50 billion of silver inventory around that we can make it a currency, so I see the price going much higher." And on the ridiculous recent trading volume in silver: "One of the things we should look at is the trading of silver in the paper markets, I mean the Comex and the SLV. Last week it averaged 1.2 billion ounces per day. There is only 700 million ounces mined in a year. There is only 33 million ounces of physical silver that is available for delivery by the commercial shorters. If something like 3% of the people that were trading silver in one day demanded physical delivery, there would be no silver on the Comex.... The key market is the physical market. I don't think this raid is going to work." Much more on Sprott's views of the silver raid and the silver market in general in the full interview.


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Mon, 05/16/2011 - 15:49 | 1280353 haskelslocal
haskelslocal's picture

Yum tasty Silver bitchez..

Mon, 05/16/2011 - 18:11 | 1280869 JW n FL
JW n FL's picture

Death Of Dollar Via Gold/Silver Manipulation? (CRASH JP MORGAN!) Mike Maloney

Mon, 05/16/2011 - 15:51 | 1280358 Silver Shield
Silver Shield's picture

Look at how much the silver market has changed since 2005...

This ain't over by a long shot.

Here are 3 Charts to give some bigger persepctive...

Mon, 05/16/2011 - 16:58 | 1280636 Whalley World
Whalley World's picture

After reading the FOAFOA piece on Silver, I dug deeper and found this amazing article.  They can't pry my Physical Silver with a crowbar.

Excellent read

Got Silver?

Mon, 05/16/2011 - 17:33 | 1280776 wirtschaftswunder
wirtschaftswunder's picture

Nope. Neither does Soros. 99% out of GLD.

Mon, 05/16/2011 - 17:41 | 1280793 Temporalist
Temporalist's picture

And Jana Partners sold GLD too.  Big players no longer want the shit paper except to wipe their asses.

Tue, 05/17/2011 - 12:09 | 1283302 SRV - ES339
SRV - ES339's picture

It helps to get past the CNBC headlines... he sold his paper gold and rumor is he's quietly accumulating bullion.

Mon, 05/16/2011 - 23:32 | 1281805 cowdiddly
cowdiddly's picture

Well just so you guys know what you are up against how long this has been going on and how infitrated through every level of the economic and political landscape this silver suppression is. Essay of the month 578 long pages of silver price supression for over one hundred years. You see silver has alway been perfectly position to replace Banker scums money and they will fight to the end and the billion man march will win in the end. The Pilgrims

Mon, 05/16/2011 - 15:51 | 1280361 slow_roast
slow_roast's picture

My only hope is that Tulving has stock left when silver hits the $25-28 range and I call up ordering monster boxes like a fat guy orders dessert at a buffet.

Mon, 05/16/2011 - 18:10 | 1280864 Bay of Pigs
Bay of Pigs's picture

I just got off the phone with them. They are doing a very brisk volume. They haven't seen much of a drop at all since $49. He told me the veteran players are buying with both hands as the weaker hands get scared out out of their positions and sell their metal. 

FWIW, Tulving is a really solid company for those looking to buy some physical. Fair prices and good service.

Mon, 05/16/2011 - 20:22 | 1281188 aphlaque_duck
aphlaque_duck's picture

+1 for tulving. I ordered 100oz bars at 9AM, sent my wire at 10AM, had bars in hand *the next morning*. No muss no fuss.

Mon, 05/16/2011 - 20:56 | 1281288 wirtschaftswunder
wirtschaftswunder's picture

He told me the veteran players are buying with both hands as the weaker hands get scared out out of their positions and sell their metal


You never worked in sales did you?

Mon, 05/16/2011 - 21:22 | 1281384 tmosley
tmosley's picture

You never worked period.

Best hit the crack again.  That dragon isn't going to chase itself, you know.

Mon, 05/16/2011 - 22:06 | 1281558 Bay of Pigs
Bay of Pigs's picture

Why are you such an asshole? Dude, it was just a casual conversation. I specifically asked him about the "volume" of metal that was coming in and going out. He said they have had no drop off. They are a very well respected PM dealer but you wouldn't know that becasue you don't own any physical metal.


Mon, 05/16/2011 - 16:06 | 1280415 Arius
Arius's picture

they will get hit hard soon...just be patient...

Mon, 05/16/2011 - 16:37 | 1280562 silver140
Mon, 05/16/2011 - 21:07 | 1281324 PulauHantu29
PulauHantu29's picture

+1. It's a good site for most bullion. My brother uses it.

Mon, 05/16/2011 - 16:43 | 1280572 Smiley
Smiley's picture

I still haven't seen metals flash crash down to $0.01 yet...


Mon, 05/16/2011 - 18:05 | 1280853 mogul rider
mogul rider's picture

just wait

it'll be here shortly now that all the fish are in the commodities pond. Holy fuck what a wipe out this is gonna be.

No I'm not kidding, if you're leveraged as many of you are you are about to get to know that September 2008 feeling of complete helplessness.


Sally at the margin desk is gonna be calling so prepare yourself



Mon, 05/16/2011 - 18:07 | 1280863 akak
akak's picture

just wait

it'll be here shortly now that all the fish are in the commodities pond. Holy fuck what a wipe out this is gonna be.

No I'm not kidding, if you're leveraged as many of you are you are about to get to know that September 2008 feeling of complete helplessness.

You clearly have reading comprehension problems.

Is it not obvious to you by now that most precious metal holders here actually are precisely that, holders of PHYSICAL metals, and are therefore not leveraged at all?

Mon, 05/16/2011 - 18:16 | 1280879 mogul rider
mogul rider's picture

No I don't have reading comp problems - does it occur to you that many have margin accounts for this stuff? You clearly have not been around long AKAK

Further many people mortgaged their goddamn houses!!!


Mon, 05/16/2011 - 18:26 | 1280899 akak
akak's picture

Further many people mortgaged their goddamn houses!!!

What idiotic and disingenuous fearmongering!

Ah yes, the vast WAVE of homeowners who have mortgaged their houses to buy leveraged precious metals!  I must have missed that particular cover of TIME magazine.

Really, is this the best that you, as an anti-precious metals troll, can do?

Mon, 05/16/2011 - 19:29 | 1281039 Hugh G Rection
Hugh G Rection's picture

This post brought out the trolls like moths to a flame

Mon, 05/16/2011 - 20:58 | 1281291 wirtschaftswunder
wirtschaftswunder's picture

You should buy more silver

Mon, 05/16/2011 - 21:26 | 1281389 tmosley
tmosley's picture

Now there's advice we can all follow.


Mon, 05/16/2011 - 23:23 | 1281794 Hugh G Rection
Hugh G Rection's picture

Will do.

Every cent of disposable, Ag and ammo. Plus I hit an artesian well on my property a few years back. Clean water might be bullish going forward ;-)

Mon, 05/16/2011 - 20:46 | 1281234 Creed
Creed's picture

mogul rider
Further many people mortgaged their damn houses!!!

actually he's right, people have mortgaged their homes or gone all in on 0% credit card loans to try to ride the silver gravy train to wealth

to try to say everyone here at ZH is a physical metals holder is disengenuous at best

there are numerous readers here who have lost big from $49 down

and there are more who have gone balls deep at $33+ based on rosy glow predictions found here at ZH that are going to lose their homes when the commodity crash bottoms

so, this guy may be a dick but that doesn't mean some of what he repeats from other blogs is not correct

Tue, 05/17/2011 - 08:34 | 1282402 earnulf
earnulf's picture

Mortgage the house?   Nope, just buying physical what i can afford.   Perhaps some have gone "all in" in their quest for physical and maxed out the cards, it could be hard to prove they still have it when they file bankruptcy and walk away with the map.

Not that I'm advocating that particular line, I still have some scruples, unlike the TBTF and their ilk.

The smart money is still long silver, that's borne out by the physical premium over paper.     But gambling is gambling.  Don't bring more to the table than you are prepared to lose.   Then it's not gambling, it's just fun and you may take home more than you came with.

Yeah, I'm buying at 33, but even if it crashes, I don't lose the home.

Mon, 05/16/2011 - 22:33 | 1281651 Exposer of Inte...
Exposer of Internet Shills's picture

Then they deserve to loose thier house since it's Damn by God according to you

Mon, 05/16/2011 - 17:50 | 1280815 Hugh G Rection
Hugh G Rection's picture

the silver casino... except the house has no cash in the countroom to cover the bets out on the floor.  It's a casino thats going busto when the players try to cash in their chips.


And the price of physical will go through the fucking roof.

Mon, 05/16/2011 - 18:10 | 1280865 mogul rider
mogul rider's picture

Not likely.


Actually it's gonna through the basement floor like a fukushima rocket with you gawking as your bank acoount gets wiped out feeding margin sally.

I am not a troll I am an owner of the precious before you were born msot likely. Your pump and dump has been called and now the pain is here.I sold my 49 dollar target within a few sheckles and bought gold with the profit. That is how you play this. Look at Turd - christ does he even have any physical?


He's playing options for christ sake. (that's your choice Turd, but many of you yap about holding!!! argghh)

Isn't that something you should consider. He's in and out 6 times month for christ sake.

I could care less but many of you went all in when you shouldn't have.



Mon, 05/16/2011 - 18:13 | 1280880 Hugh G Rection
Hugh G Rection's picture

your bank acoount gets wiped out feeding margin sally.



Actually I have 0 leverage and 100% physical.  I don't played rigged games anymore, I buy the dips (coins and buillion), and keep just enough cash in the bank to cover expenses.


I'll bet you a Shirley Temple Ag is over $100 by 2012

Mon, 05/16/2011 - 20:59 | 1281301 wirtschaftswunder
wirtschaftswunder's picture

Lotta hardball questions in this video. I like when Max (didn't) ask about the HUGE GINORMOUS insider sale by Sprott of his own ETFs!!! Hahaha what a vid for sheep. Buy more, much more.

Mon, 05/16/2011 - 23:30 | 1281803 Hugh G Rection
Hugh G Rection's picture

" My pump and dump has been called. "

Ahhh Fuck, you talked to your daughter?

Mon, 05/16/2011 - 18:42 | 1280937 BigJim
BigJim's picture


Mon, 05/16/2011 - 18:42 | 1280939 JohnG
JohnG's picture

That's the funniest thing I've seen in a long time akak, fell out of my chair laughing, spilled my drink too.

Bookmarked for later use!!


Mon, 05/16/2011 - 19:49 | 1281093 JW n FL
JW n FL's picture

the trolololololololo man is really good late at night when you are drunk / stoned or just silly becuase of lack of sleep..

Mon, 05/16/2011 - 22:07 | 1281569 palmereldritch
palmereldritch's picture

Wow.  The wallpaper matches his haircut.

Mon, 05/16/2011 - 22:17 | 1281595 GoinFawr
GoinFawr's picture

hahahahaha! Effing nice!

Mon, 05/16/2011 - 23:14 | 1281757 Fiat2Zero
Fiat2Zero's picture

+1 bravo akak, bravo

Tue, 05/17/2011 - 06:16 | 1282247 saulysw
saulysw's picture

It just keeps on going....!!

Mon, 05/16/2011 - 15:53 | 1280370 Al Gorerhythm
Al Gorerhythm's picture

Bullshit Sprott. That shit is lining the highways. Kicking my toe on that stuff everywhere I go. Common as gum on a sidewalk.

Mon, 05/16/2011 - 15:54 | 1280376 achmachat
achmachat's picture

Yes. You are right.

Common as gum on a sidewalk. in SINGAPORE.

Mon, 05/16/2011 - 16:03 | 1280403 Rynak
Rynak's picture

The shit is everywhere! :-P

Mon, 05/16/2011 - 17:33 | 1280778 akak
akak's picture

And it only costs five fiatscos to dig from the ground!

Mon, 05/16/2011 - 15:53 | 1280379 HamyWanger
HamyWanger's picture

""I will be a buyer of silver today. I will be a buyer of silver tomorrow. We have not lost any faith in what has happened to silver.""

That's what I've always said. We're in the domain of religious faith, not serious investments.

Mon, 05/16/2011 - 15:58 | 1280388 RobotTrader
RobotTrader's picture

Sprott sounds like Sir Thomas More in "The Tudors" right before he got his head chopped off.

Mon, 05/16/2011 - 16:08 | 1280423 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Not a major of mathematics then?

Mon, 05/16/2011 - 18:13 | 1280878 Rick64
Rick64's picture

And he is a real investor? down 40% ?

Mon, 05/16/2011 - 19:33 | 1281049 ElvisDog
ElvisDog's picture

Yeah, really. 40% of 50 is not that tough to calculate Hamy.

Mon, 05/16/2011 - 16:11 | 1280434 Bay of Pigs
Bay of Pigs's picture

So who do you believe? Robo, Hamy, Math Boy or other assorted ZH douchebags or go with the likes of Sprott, Embry, Turk and Sinclair?

Thanks, I'll pass on the ten cent heads that act like know it alls everytime the PM's correct. Eleven years running the real experts have been correct and I don't see anything out there to change my mind on it now.


Mon, 05/16/2011 - 16:16 | 1280464 Internet Tough Guy
Internet Tough Guy's picture

Did Turk and the boys ever tell you to sell? Or was it always 'PMs to orbit' and BTFD? Where is tmosley these days?

Mon, 05/16/2011 - 16:30 | 1280524 tmosley
tmosley's picture

Right here, dumbass.

Now that I'm here, tell me, Is silver currently higher that it was at the peak in 2008?  In 2006?

Where do you think silver will be in two years?

Mon, 05/16/2011 - 16:35 | 1280552 Internet Tough Guy
Internet Tough Guy's picture

I keep saying I don't know if it goes up down or sideways, but it loses to gold in the end. You are the silver guy; you tell me where it will be in two years. Because I already know what Sprott Turk and the rest say. Moonshot.

Mon, 05/16/2011 - 16:48 | 1280597 tmosley
tmosley's picture

I really fucking hate it when people claim that the silver bulls "disappear" when silver is down.  That's fucking bullshit.  I will never disappear.  Maybe I misinterpreted your statement as one of derision.  If so, I'm sorry.

Things are going almost exactly as planned.  The American premiums are a bit lower than expected, but that is cancelled out by the total unavailability in China, and soaring premiums in India.  Paper silver is going into a stage of near-infinite volatility with a strong downward bias due to raids and rule changes.  It will either be zero, or the volume will have moved to Eastern exchanges within two years, guaranteed.  The COMEX will default within a year (90% chance), easily, and most likely in the next two and a half months (lets call it a 50% chance).

Gold will do fine.  When gold becomes money again, it will beat everything else, likely including silver.  I am holding out for an industrial panic first, but I always have and continue to hold 5% gold just in case it doesn't.

Mon, 05/16/2011 - 16:56 | 1280641 Zing
Zing's picture

"Gold will do fine.  When gold becomes money again, it will beat everything else, likely including silver."




Well at least we can agree on something.

Mon, 05/16/2011 - 17:17 | 1280709 Ripped Chunk
Ripped Chunk's picture

ITG is still on this blog. Geez! What a tool box.

Mon, 05/16/2011 - 18:28 | 1280914 fiddler_on_the_roof
fiddler_on_the_roof's picture

you should be the other way round : 95% Gold and 5% Silver. I will buy Silver in equal weight to my Gold(not more), if Silver hits less than $25/oz, otherwise, I pass on Silver.


Mon, 05/16/2011 - 19:27 | 1281040 tmosley
tmosley's picture

I don't care what you will or won't do.  I own 95% physical silver for a reason.  I own 5% physical gold for a reason.

I am young enough, and make enough "money", that I can ride out any and all volatility.  Those who can hold on to the bucking bronco win the prize.  Those who can't get stomped and carried off by the clown brigade.

Mon, 05/16/2011 - 22:50 | 1281692 Anonymous Hand
Anonymous Hand's picture

That's a fair argument for taking that distribution approach.

I take a middle view: young and fiat-earning enough to gamble some volatility on Silver, yet old and moneyed enough to want to lock up value and have it on the other side of devaluation.

I have some oz physical Ag than physical Au, but not much - and just for transactions. The gambling all happens in Ag. Au never leaves my hands once it's in.

Tue, 05/17/2011 - 01:36 | 1282071 Debt is Slavery
Debt is Slavery's picture

I'm seeing a lot of evidence that silver is actually in less abundance than gold due to manufacturing demands.  So...for the first time in human history, gold is more plentiful than silver?

Tue, 05/17/2011 - 01:45 | 1282085 akak
akak's picture

In coin and bullion form, almost certainly.

In TOTAL above-ground ounces, in ALL forms, probably not --- but the ratio of all above-ground silver to above-ground gold is probably the lowest it has been in recorded human history.

Mon, 05/16/2011 - 20:16 | 1281172 Fiat2Zero
Fiat2Zero's picture

I noticed something very interesting that will displease your Rothschild Dominatrix.

The PM trolls have changed their tune, all at the same time. They are no longer saying gold and silver are in a bubble or othersuch nonsense.

They have started saying "stop buying silver and buy gold". This is the tell.

What this tells me is that whoever gives the "PM troll sock-puppet-brigade" its marching orders, has told them to try and get the silver bugs to jump ship to gold.


Because the purchasing of physical silver has the Rothschild Master's BALLS IN A VISE. I suggest everyone go out and start buying as much physical silver as you can, pronto. First off, the Turd, has called the second bottom which we are now experiencing (perhaps $32-$33). After that, they buying begins in earnest. The COMEX has only one bullet left, and the USD is about to begin its descent once again.


Mon, 05/16/2011 - 22:46 | 1281678 tmosley
tmosley's picture

Yup, there really is a sentiment shift--and you are right, it happened all at once.

The trolls will deny it up and down, but they've been caught AGAIN.  This time as a whole group.  Like a bunch of pedos on a Dateline sting.

Mon, 05/16/2011 - 22:45 | 1281683 Sierra Hotel
Sierra Hotel's picture

You are like the Jedei master troll killer.

Tue, 05/17/2011 - 06:22 | 1282249 saulysw
saulysw's picture

An interesting observation. Please - get yourself an avatar picture.

Tue, 05/17/2011 - 10:51 | 1282956 Fiat2Zero
Fiat2Zero's picture

Fixed. Aramaki Bitchez. You study the silver charts and I study the silver trollz.

Wed, 05/18/2011 - 03:28 | 1286259 ultarnerd
ultarnerd's picture

That's some of the same conclusion I came to.However I never had many clues about the Rothschild's but I did think about if they must have very little silver in relation to gold and or what gold they may still have provided they did not sell most of their gold keeping its price down.But if they do have much of their gold then its only within reason they would not want silver around and certainly not as a monetary metal as that could mean they would lose a large amount of their wealth.And even of gold, if you owned the golden goose that laid the dollar bills wouldn't you want to protect the paper fiat goose but to lose both and have silver become monetary and not gold would become a death blow to them.So I was aware of the possibility I just never mentioned it. From harveyorgan.blogspot, and other sites, silver sounds like it is much scarcer than gold and or is already in default on the COMEX.I did another post in FOFA where someone was also very recently trying to talk people out of gold and into silver and that post disappeared but fortunately I saved in notepad, so that got me thinking more too.I can re post it here for you if you like.And yes I do believe the paper price will eventually crash to near zero while the physical goes into extreme backwardation to extremely  high  prices and I mentioned how the big banks have it set up now to cash settle for penny's on whatever the original price payed, so they will win either way.But they can only do this the once and then the scam gets exposed, so knowing you can only do the  big collapse just the one time means its saved for the very last. I think they are thinking "the longer  the game the greater the gain,so watch for when that's no longer the case.

Mon, 05/16/2011 - 17:16 | 1280713 fuu
fuu's picture

You guys had to raise this account from the dead? Got tired of waiting on the porch for new id's?

Mon, 05/16/2011 - 16:21 | 1280491 Dangertime
Dangertime's picture

The real experts do not tout an investment right before the crash.  Such men are blind to the way things work.

Granted they are not as blind as the general public, but one eye is still not as good as two eyes.

Silver will likely be a good buy again sometime in the next month or so, but not quite yet.

Mon, 05/16/2011 - 16:34 | 1280545 tmosley
tmosley's picture

And how much money did you lose to taxes again?

Even with a 40% fall, with the capital gain you got from bottom and top ticking the market, you won't be able to buy back the same amount of silver as you sold, since you have to pay taxes.

That is, unless you are advising people not to pay their taxes, while at the same time trying to pretend like you are some kind of professional.

Mon, 05/16/2011 - 17:03 | 1280674 Dangertime
Dangertime's picture

You mean on my SLV puts that rocked the house?

Or are you conveniently forgetting those?

Or are you missing my point entirely where these idiots touted buying at the interim top instead of waiting a few months when the price would be far more reasonable??

Mon, 05/16/2011 - 17:11 | 1280698 tmosley
tmosley's picture

Who gives a shit about that?  You played downside volatility and won.  You could have lost, too.  You should played volatility--you'd have made twice as much or more.  But you didn't.  You just wanted everyone out of physical, and to pile in short.  

Because you have an agenda.  That agenda is to separate people from their physical silver.  You attempted to achieve this by claiming to have gold and silver yourself (bought conveniently at the literal absolute bottom of the market), and then claiming to sell it.  You then claimed you would buy it back around these levels (now you don't want to do that--I wonder why?  Oh yeah, because there is still some physical silver available, and you don't want the people to have any), despite the fact, which I pointed out, that your supposed sale of physical silver would have incurred such a huge tax liability that you wouldn't be able to buy back as much silver as you originally sold.

THEN you tried to lie to us and tell us that you didn't have to pay American taxes, despite the fact that the tax rates are basically the same everywhere.  You also never apologized or even blinked at the fact that you have been advising people with completely different tax situations from your own.  If you live in Europe, you are going to have to pay a hell of a VAT tax to get back in, BTW.

The only winners who are not at risk are those who have been cost averaging into physical silver.  You know, the strategy I have ALWAYS advocated above ALL OTHERS.

Mon, 05/16/2011 - 17:38 | 1280791 wirtschaftswunder
wirtschaftswunder's picture

The only winners who are not at risk are those who have been cost averaging into physical silver.  You know, the strategy I have ALWAYS advocated above ALL OTHERS.



You fucking liar! You said you were up 400%. Not possible w dollar cost averaging. You pissant useless troll.

Mon, 05/16/2011 - 17:47 | 1280803 tmosley
tmosley's picture

You have never been a reader.

My INITIAL position is up 400%.  My dollar cost averaged is up ~230%.

You really should take the ban as a hint that you aren't wanted here.

Tue, 05/17/2011 - 06:28 | 1282251 saulysw
saulysw's picture

You pissant useless troll

Oh, please. Anyone who has been here more than a week knows, for certain, that tmosley is not a troll. I think you need a mirror. I'm sensing a new name for an old troll. Jizzed your pants lately?

Mon, 05/16/2011 - 20:02 | 1281141 Dangertime
Dangertime's picture

I imagine that every person out there, particularly silvef newbies, give a HUGE shit about buying at $49 as opposed to $34.

The rest of your post are lies and the ravings of a madman.

This board knows exactly what I called and when I called it.  If people choose to ignore such things, then they get exactly what they deserve.

Mon, 05/16/2011 - 20:43 | 1281162 tmosley
tmosley's picture

I post a detailed refutation of your lies and the best you have ever been able to come up with is "You're insane".

Failtroll has failed.

Edit:  One more thing.  Why don't you tell us your nationality, so I can tell you exactly how low silver has to go for dumbshit sale to enable you to buy more with the proceeds.  The fact that you refuse to tell us shows that your agenda here is NOT enlightenment, unless you are talking about enlightening people of their silver stash.

Mon, 05/16/2011 - 20:17 | 1281171 akak
akak's picture

If you actually did originally enter this forum with honest intent, which I highly doubt, you have certainly proven yourself to be a dishonest and disingenuous anti-silver, and anti-PM, troll, and that in spades.  The focus of ALL of your posts that I have ever read have been to dump silver, run from silver, don't even THINK about buying silver!  Your agenda here is quite clear, and you are fooling nobody with even half a brain and one eye to see.

If I were you, I would slink away in shame and embarrassment, never to return (until signing back up under a new handle ---- that is the tried-and-true tactic of your kind).

Mon, 05/16/2011 - 20:21 | 1281176 Dangertime
Dangertime's picture

Dupe post.

Mon, 05/16/2011 - 19:09 | 1280992 New_Meat
New_Meat's picture

regnaD:  Good if u post your trades b4 u brag about 'em.  Don't cha know. - Ned

{ about 3:00}

Mon, 05/16/2011 - 20:19 | 1281182 Dangertime
Dangertime's picture

Apparently you are new here.

Mon, 05/16/2011 - 17:06 | 1280683 Burnbright
Burnbright's picture

Well danger, tip of a hat to you. Well played sir, you got your $34 target and then some for a short time. Honestly I was considering selling at 48 but got to scared to let it go with dxy trading around 73  - 74 at the time. Hopefully we will both know if and or when these moves do not correct but until then best of luck getting some on the bottom.


Mon, 05/16/2011 - 19:59 | 1281132 Dangertime
Dangertime's picture

Thanks burnbright.  It's nice to see that not everyone has drank the kool-aid and can tell who is a reasonable poster and who is not.


Good luck to you!

Mon, 05/16/2011 - 17:19 | 1280717 dogbreath
dogbreath's picture

none of the above

Mon, 05/16/2011 - 16:12 | 1280435 fuu
fuu's picture

Who would have guessed that Robo and Hamy would be sock blowing each other on a down day. What will they think of next?

Mon, 05/16/2011 - 17:44 | 1280801 akak
akak's picture

It is analogous to being forced to watch a menage a trois of Alan Greenspan, Michael Moore and Hillary Clinton --- revolting on multiple levels.

Mon, 05/16/2011 - 19:41 | 1281072 ElvisDog
ElvisDog's picture

Oh, I disagree. Watching a Hillary sex tape would be so revolting I wouldn't be able to not watch. It would be must-see-TV.

Mon, 05/16/2011 - 19:57 | 1281127 akak
akak's picture

The way that she swaggers around Washington, and the world, with her strap-on in place for any eventuality, she could probably be ready for making such a tape at the drop of a hat.

Tue, 05/17/2011 - 01:46 | 1282080 Debt is Slavery
Debt is Slavery's picture

+Ugggh, 00 buck eye-soap

Mon, 05/16/2011 - 17:05 | 1280671 Whalley World
Whalley World's picture

And that was the result of thousands of day traders deciding to sell at the same time, right?  Let's get some perspective, the $50 high of 1980 is being defended for when she goes over $50, not stopping in sight.

Mon, 05/16/2011 - 22:15 | 1281584 lawrence1
lawrence1's picture

Add 40% to your IQ and you would still be below average.

Mon, 05/16/2011 - 23:14 | 1281768 Fiat2Zero
Fiat2Zero's picture

Hamy, when you and robo are jerking yourselves off, please wait more than 5 minutes between each jerk (post).

That way you'll seem like two _different people_ instead of being the same person.

Again, do not displease your Rothschild Master or the checks will stop coming.

And fucking come out of your mother's basement once in a fucking while. You need some vitamin-D.

Mon, 05/16/2011 - 16:12 | 1280449 High Plains Drifter
High Plains Drifter's picture

look the metals trolls are talking to each other. isn't that sweet?  ha ha ha

Mon, 05/16/2011 - 16:43 | 1280575 homersimpson
homersimpson's picture

PM trolls, dumbasses, bulltards, call 'em what you want. But it sure isn't sweet.. more like re-watching Battlefield Earth and Howard the Duck at the same time.

Mon, 05/16/2011 - 19:13 | 1281003 SPONGE
SPONGE's picture

Personally, I'm rather fond of "fucktard".

Sometimes, as in now, it seems so appropriate.

Mon, 05/16/2011 - 17:30 | 1280768 DaddyO
DaddyO's picture


Sounds just like the coyotes across the road from my house, baying at the moon.


Mon, 05/16/2011 - 16:07 | 1280427 Tracerfan
Tracerfan's picture

Believing in fiat paper (all of which historically have gone to 0) is a religion.

Believing in something that has been money for 5,000 years is called protecting yourself.

Mon, 05/16/2011 - 19:14 | 1281007 tellsometruth
tellsometruth's picture

good point

Mon, 05/16/2011 - 16:27 | 1280514 JollyRoger
JollyRoger's picture

Ominus Dominus. ohmm...I'd say the stars will soon align quite well for silver.

Mon, 05/16/2011 - 16:00 | 1280384 wang
wang's picture

I posted that Wallace McCain thing in the previous thread (link) , his nephew sits on Sprott's board along with Marc Faber.

Mon, 05/16/2011 - 15:55 | 1280385 Internet Tough Guy
Internet Tough Guy's picture

Sprott should avoid Keiser and the 'SLA' if he wants to avoid looking like a pump and dumper. And somebody please tell him that most paper traders don't have the money or desire to stand for delivery. Comex is there to trade the price not the metal.

Mon, 05/16/2011 - 16:16 | 1280455 Confuchius
Confuchius's picture

And the best of British Luck to you, trading the price and not the Silver.

This thread is about Silver, not paper. You can find infinite quantities of paper to play with. Poor insurance, we would say.

Mon, 05/16/2011 - 16:18 | 1280475 Bay of Pigs
Bay of Pigs's picture

Pump and dumper? WTF? Did you miss the fact he's held gold for 11 years already and said silver was his pick for the next decade?

Are you part of the PM troll brigade now too?

Mon, 05/16/2011 - 16:24 | 1280507 Internet Tough Guy
Internet Tough Guy's picture

What was Sprott saying when he was selling the top?

Mon, 05/16/2011 - 16:31 | 1280519 Zing
Zing's picture




Mon, 05/16/2011 - 16:37 | 1280544 Bay of Pigs
Bay of Pigs's picture

Are for real? If you knew something about Sprott allocating those dollars into beaten up silver mining stocks I'd give you the benefit of the doubt. But you don't, so why should I explain it to some dumb, ignorant asshole like yourself?

Mon, 05/16/2011 - 16:46 | 1280568 Internet Tough Guy
Internet Tough Guy's picture

Stocks eh? But you and Sprott told me physical was the way to go. Maybe you bought some PSLV at the top?

Mon, 05/16/2011 - 17:04 | 1280680 Bay of Pigs
Bay of Pigs's picture

I never told you to do anything. You obviously didn't listen to him. He said he bought more physical as spot was lower than PSLV's premium. And in regard to the silver miners, it's called leverage. You see, Sprott sees this as an opportunity to make more money, not less. And that's why he's a billionaire and your not.

It also makes your "pump and dump" comment look patently ridiculous.  


Mon, 05/16/2011 - 16:41 | 1280581 Zing
Zing's picture

A bit too emotionally invested there aren't you bucko?

Mon, 05/16/2011 - 16:53 | 1280613 tmosley
tmosley's picture

That he was buying silver mining stocks and physical silver, both of which were undervalued relative to his fund.  That he was investing millions more of his personal money into a new silver mutual fund.

I guess when you get your troll badge,they staple blinders on at the same time.

Mon, 05/16/2011 - 16:25 | 1280509 Math Man
Math Man's picture

Sprott has such little credibility outside of the silver conspiracy theorists that Keiser and SLA are the only ones who will give him the time of day.

Mon, 05/16/2011 - 16:51 | 1280609 tmosley
tmosley's picture

Must be a lot of conspiracy theorists out there, as well as he's doing.

Mon, 05/16/2011 - 23:16 | 1281773 Fiat2Zero
Fiat2Zero's picture

+1 Funnier every time.

Mon, 05/16/2011 - 23:57 | 1281862 akak
akak's picture

It is almost insidiously hypnotic in a kitchy kind of way, isn't it?

Tue, 05/17/2011 - 06:34 | 1282254 saulysw
saulysw's picture

Still like this one...


Mon, 05/16/2011 - 18:22 | 1280892 Rick64
Rick64's picture

Not being on MM gives him even more credibility.

Mon, 05/16/2011 - 19:25 | 1281036 Bay of Pigs
Bay of Pigs's picture

Which is why he was front and center in NYC being interviwed by CNBC and ringing the bell on the stock exchange recently?


Mon, 05/16/2011 - 22:22 | 1281611 lawrence1
lawrence1's picture

Ah, the equality of the internet when any stupid shit like you can get a little attention.

Mon, 05/16/2011 - 15:58 | 1280387 High Plains Drifter
High Plains Drifter's picture

cut it out eric, you know and i know , silver is just a industrial metal. know why? cause mark haines said so..........

Mon, 05/16/2011 - 15:59 | 1280389 DaBernank
DaBernank's picture

Got enough physical accumulated at a cost avg of $23 but pissed at the mining shares I own.......sigh......patience.

Mon, 05/16/2011 - 16:00 | 1280394 RobotTrader
RobotTrader's picture

Ratio traders starting to get nervous???

XAU held up OK considering the carnage elsewhere.

Mon, 05/16/2011 - 16:27 | 1280504 Chris88
Chris88's picture

Hey Robot, considering you are always on here talking up equities I'm just wondering which of the last 10 years or so did equities outperform commodities?  See, it's interesting, I counted and came up with zero.  Yes, I own silver, but I also own oil, cotton, sugar, etc.  Just about everything you can think of.  You've missed out big time on the commodities bull market that started in 1999 (and since the 1800s has lasted an average of 18 years each time there is one).  Have fun underperforming commodities this year as well.

Mon, 05/16/2011 - 16:32 | 1280526 Math Man
Math Man's picture

You are about to get slaughtered.  The commodity boom is OVER.

The developing world is tightening and will be reducing growth rates... very bad for commodities.

And all the commodity 'hedge' funds that lost 20% on a 5% correction in the commodities market are getting more redemption requests than they know what to do with. 

Mon, 05/16/2011 - 16:52 | 1280624 tmosley
tmosley's picture

Yeah, exactly like how $34 was the top in silver.

Permabears are pretty stupid.

Mon, 05/16/2011 - 17:25 | 1280744 dogbreath
dogbreath's picture

in an environment of currency debasement, commodities will maintain value against that which has none. 

Mon, 05/16/2011 - 18:09 | 1280871 akak
akak's picture

You are about to get slaughtered.  The commodity boom is OVER.

Tue, 05/17/2011 - 01:50 | 1282089 Debt is Slavery
Debt is Slavery's picture

it keeps getting better

Tue, 05/17/2011 - 01:56 | 1282099 akak
akak's picture

Doesn't it?

The more I listen to him, the more I hear Leo!

Mon, 05/16/2011 - 18:09 | 1280874 Unholy Dalliance
Unholy Dalliance's picture

Listen, you arsehole, and repeat after me: silver ain't no effin' commodity - it's real money!

Mon, 05/16/2011 - 18:28 | 1280904 Whalley World
Whalley World's picture

Your understanding of the 5,000 year monetary history of silver combined with the current supply/demand numbers is Underwhelming.  Keep playing in the Gov't game of digital printing to infinity and see how that works out for you.

Mon, 05/16/2011 - 15:59 | 1280401 FoieGras
FoieGras's picture

"Raid" is a term used by perma bulls to find an excuse for a drop in price of their favorite investment. Deer in the headlights syndrome.

Mon, 05/16/2011 - 16:01 | 1280406 Tyler Durden
Tyler Durden's picture

Arguably a 15% drop in seconds (literally) without any limit buy orders being triggered does seem a little peculiar...

Mon, 05/16/2011 - 16:04 | 1280416 achmachat
achmachat's picture

at least we can safely say that this was not the result of humans doing "normal" trades on a trading floor...

Mon, 05/16/2011 - 16:07 | 1280418 lieutenantjohnchard
lieutenantjohnchard's picture

don't confuse them with facts. probably have no money , no life experiences and plenty of time on their hands.

Mon, 05/16/2011 - 16:18 | 1280461 Math Man
Math Man's picture

Tyler, can we get a graph of page hits to Zerohedge vs the Silver price for the last year?


Mon, 05/16/2011 - 16:46 | 1280590 homersimpson
homersimpson's picture

How about a graph of the number of Meth Man's dumb comments on ZH the past year combined with a picture of William Hung?

Mon, 05/16/2011 - 17:36 | 1280775 Hephasteus
Hephasteus's picture

Just sell commodoties. Because this artificial world construction is fucked up and falling apart and we don't need people trying to live in a real world construction. It's messing our artificial books up.

Mon, 05/16/2011 - 17:50 | 1280808 akak
akak's picture

I demand a chart of the troll:silver ratio, which is positively parabolic in the last two months.

Mon, 05/16/2011 - 18:15 | 1280882 Muir
Muir's picture

"chart of the troll:silver ratio"

I take offence my good Sir.

Grievous offence.

I have been a proud silver troll for months.



Tue, 05/17/2011 - 01:49 | 1282093 Debt is Slavery
Debt is Slavery's picture

+Chee bangs Chee bangs

Mon, 05/16/2011 - 16:19 | 1280468 JW n FL
JW n FL's picture

that happens every day! what are you talking about.. get your tin foil hat out and wear it around the office why dont you!

Mon, 05/16/2011 - 16:20 | 1280470 6 String
6 String's picture

...along with 5 margin hikes starting the next day. Yeah, I wonder if the SEC is looking into insider trading on this one?


Mon, 05/16/2011 - 17:22 | 1280724 Manthong
Manthong's picture

The chart indicates that the venue is not a market, it's a cattle drive.

Mon, 05/16/2011 - 17:30 | 1280755 dogbreath
dogbreath's picture

++  lol

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