FMX Exclusive: Silver Contango Crushed – Short Squeeze Imminent Or Position Limit Ruling Fall Out?

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Wed, 01/19/2011 - 12:07 | 887127 Turd Ferguson
Turd Ferguson's picture

Very helpful and interesting post, Tyler. Thanks.

Wed, 01/19/2011 - 13:42 | 887506 nope-1004
nope-1004's picture

Looks like the JP Morgue's are junking like crazy.

I found Franklin Saunders' analysis very informative, in addition to you Turd.

I don't really care if silver corrects downward $2, $4, or $8.... in the long term, buying is the only protection against this corrupt banking cartel and the only empowering way I can contribute to bring the bastards down.

I've been buying over the last week and will continue.


Wed, 01/19/2011 - 15:46 | 887889 Triggernometry
Triggernometry's picture

Agreed, I've been buying since september, and I see no advantage in slowing down for corrections any time soon.

Wed, 01/19/2011 - 12:08 | 887129 SheepDog-One
SheepDog-One's picture

Max Keiser knocking on JP Morgue's front door with a tank.

Wed, 01/19/2011 - 12:29 | 887199 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Buy silver.

Wed, 01/19/2011 - 12:43 | 887253 Turd Ferguson
Turd Ferguson's picture

Trolls are getting thick here, Jimi.

Wed, 01/19/2011 - 13:02 | 887338 Mr Lennon Hendrix
Wed, 01/19/2011 - 13:08 | 887372 tmosley
tmosley's picture

Honestly, there are only a few.  It's just that they work very hard at it.

Wed, 01/19/2011 - 13:18 | 887423 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

So go trolls and strippers...

Wed, 01/19/2011 - 14:29 | 887661 Hephasteus
Hephasteus's picture

Yep it's not the number that is telling. It's the deperation level.

Wed, 01/19/2011 - 13:15 | 887409 tallystick
tallystick's picture

Need a decent photo of Ms. Blythe Masters to create her character for the movie.  Ya got anything turd?

Wed, 01/19/2011 - 14:06 | 887587 Turd Ferguson
Turd Ferguson's picture

Nice vid, tally. I'm picturing our "tyler durden" kicking his ass all over the parking lot.

Wed, 01/19/2011 - 13:45 | 887515 Sean7k
Sean7k's picture

Them and the serial pasters. Whatever happened to citations? I'll read if if I'm interested.

Wed, 01/19/2011 - 12:44 | 887257 Richard Head
Richard Head's picture

Max keiser should cease being promoted until he answers up regarding those silver coins he shilled for.

Wed, 01/19/2011 - 13:32 | 887475 SheepDog-One
SheepDog-One's picture

'Answer up' for them? He got no proceeds from any sales, good enough for ya?

Wed, 01/19/2011 - 23:40 | 889181 Botox4U2
Botox4U2's picture

Again, Max Keiser might like to explain why he is taking advertising dollars from James Turk who does not support the Crash JPMorgan campaign (see below). Is this because GoldMoney is just another bank type account in a tax haven?  Maybe they have physical gold and silver, maybe not as much as they say who knows? What is more important is that Americans caught having this account in Jersey, Channel Islands without filling out the critically important FBAR reports on foreign bank accounts risk jail and huge fines. Funny that Max or James don't mention this. Here is a link to this information. BTW this is NOT the IRS, this is The Office of Homeland Stupidity. PLEASE NOTE THE DEFINITION OF "U.S. PERSON"

So.......US persons beware owning offshore accounts. If you need to open an account anywhere to buy precious metals in, including ETF's, THEN YOU DON'T UNDERSTAND GOLD AND SILVER. To those who think they are sheltering their gold and silver from the IRS, forget about them, it's DHS you are dealing with and if for some reason the US government wants to outlaw owning PMs and closes down access to vehicles such as GoldMoney you will lose your claim to the metals and risk fines and jail. So, buy physical and bury it in your yard


From James in an email

"I am in agreement with the importance of buying physical silver, but I don't agree that people's ire should be directed toward any one institution (he's referring to JPM), regardless of how flagrant it has become.  There is a bigger issue here in my view, namely, that the US gov't is running amok.  Therefore, the bullion bank actions are simply the result of an out of control gov't.  Blaming any bank is like blaming wet streets for rainy weather. I am by the way a big fan of Max.  He has done wonders in educating people around the world about the problems faced today.  But I cannot in good conscience support this particular effort. Regards James" Uh James, JPMorgan IS the government.


Wed, 01/19/2011 - 13:48 | 887529 MGA_1
MGA_1's picture

You know, JPM might actually be the front for someone else...

Wed, 01/19/2011 - 18:25 | 888532 fmxconnect
fmxconnect's picture

they are long

Wed, 01/19/2011 - 12:09 | 887130 Sean7k
Sean7k's picture

Tough market when you can feel fraud, but not see it or determine it's purpose.

Wed, 01/19/2011 - 12:19 | 887160 rich_maverick
rich_maverick's picture

You know the purpose of the fraud.  Just not how much longer can the bankster keep playing their shell game with silver.  Leasing from one sucker to pay off another can only last so long.  Who is stupid enough to lend silver right now?  If they do lend, at what rates?

Wed, 01/19/2011 - 12:36 | 887226 Sean7k
Sean7k's picture

I honestly only have suspicions. The problem is just how long they have played this game. Just as todays POMO auction demonstrates, they can steal money in broad daylight and only a few people are aware. The MSM won't report it-they can depend on it.

The movements out of Comex are bizarre. The transfers of physical to foreign countries. The CB's attempting to cheat each other by promising to store gold for junior holders. The leases are fast and furious, yet Blythe can still do the 10:00 am dump whenever she wants.

There is zero transparency, the CFTB is complicit. The creation of credit on a global scale is off the galactic charts- not only does it not bleed through to be seen, the only obvious purpose is a complete failure of all major currencies and the creation of an international one.

However, the endgame is not that simple. Wars start over things much less than this. What is the role of PM's in all of this? Will they find a way to exclude them? They have been successful in excluding them through legal tender laws. Will the real squeeze happen in a way we never considered?

Wed, 01/19/2011 - 12:45 | 887262 Oh regional Indian
Oh regional Indian's picture

Excellent observations Sean7K.


Wed, 01/19/2011 - 13:48 | 887530 bigdumbnugly
bigdumbnugly's picture

ditto that.

i have been asking the same questions without getting satisfactory answers - because there probably aren't any satisfactory answers.

the only certainty is that a jpm. hsbc, gs, sovereign, whatever ptb, is not going to take it in the ass without doing whatever is necessary to transfer the deep plunging onto some lesser being's keyster.

i don't think anyone can really know exactly what they are capable of pulling off.


Wed, 01/19/2011 - 12:11 | 887140 Ragnarok
Wed, 01/19/2011 - 12:21 | 887164 jmac2013
jmac2013's picture

"Bring out your dead!" Bernanke yells on POMO days to the primary dealers, referring of course to their government debt.


Wed, 01/19/2011 - 12:53 | 887279 Mr Lennon Hendrix
Mr Lennon Hendrix's picture


Bring out your dead!

My nomination for quote of the day.  You win a 'F*** your couch, Bernanke!' t-shirt.

Wed, 01/19/2011 - 12:14 | 887146 cruxx
cruxx's picture


Wed, 01/19/2011 - 12:18 | 887159 Lieutenant Dan
Lieutenant Dan's picture

Bang Dae Morgue!

Wed, 01/19/2011 - 12:51 | 887289 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bernanke is a necrophiliac.

Wed, 01/19/2011 - 12:20 | 887163 RockyRacoon
RockyRacoon's picture

Interesting stuff.  With all the volatility I find solace in flipping the silver Eagle pocket-piece that I carry.  It sure is stable and doesn't seem to change a bit over time.

Wed, 01/19/2011 - 12:26 | 887180 Sean7k
Sean7k's picture

I've been trying to get my son to buy some silver, so I finally tossed him an ounce. His first remark? Wow, this really feels like money. Hopefully, he'll be tossing a few more soon.

Wed, 01/19/2011 - 13:20 | 887437 TheDriver
TheDriver's picture

My daughters get 1/2 oz rounds each month as their allowance. Our agreement is that they may convert it to fiat at any time based on current the spot price. For the last three years, they've yet to trade it for cash.

Wed, 01/19/2011 - 13:28 | 887461 quasimodo
quasimodo's picture

I do the same thing, pissed my wife off. The other day I told her we need to quit her 401k and she went into a hissy fit about her losing out of "free money"

I give up


Wed, 01/19/2011 - 13:28 | 887464 quasimodo
quasimodo's picture

I do the same thing, pissed my wife off. The other day I told her we need to quit her 401k and she went into a hissy fit about her losing out of "free money"

I give up


Wed, 01/19/2011 - 17:07 | 888192 ColonelCooper
ColonelCooper's picture

I thought you gave up.

Wed, 01/19/2011 - 19:03 | 888669 e_goldstein
e_goldstein's picture


Wed, 01/19/2011 - 14:20 | 887633 Drachma
Drachma's picture

Nothing wrong with a healthy balance of tossing and hoarding.

Wed, 01/19/2011 - 23:48 | 889203 Botox4U2
Botox4U2's picture

My coin dealer reports kids as young as 9 coming in to buy silver coins. One 9 year old girl comes in his shop every Friday to see him. May I should re-phrase that LOL. To buy silver that is.






Apparently collecting silver is similar to collecting trading cards years ago.


Wed, 01/19/2011 - 12:28 | 887196 Pants McPants
Pants McPants's picture

That's funny, RR - I do the same thing.  My brother bought me a one ounce silver ingot; shaped like a domino.  I call it my totem.

Wed, 01/19/2011 - 12:48 | 887276 outamyeffinway
outamyeffinway's picture

I do the same thing. I rely on the principles of Entanglement to get people interested in silver. Once they hold it and actually own it, they seem to naturally want to multiply it. It's quite interesting to observe.

Wed, 01/19/2011 - 13:00 | 887329 viahj
viahj's picture

funny stuff because i do the same thing but with a Maple.  i go around the office flipping that thing over and over.

Wed, 01/19/2011 - 15:17 | 887814 SilverRhino
SilverRhino's picture

I use a buffalo nickel round and a mercury dime replica round here.    

Wed, 01/19/2011 - 17:36 | 888343 Vagabond
Vagabond's picture

I rock a peace dollar.  I like to show people what real money feels like.

Wed, 01/19/2011 - 13:33 | 887479 flacon
flacon's picture

I do the same thing too! Glad to hear here are more people like me in the world. Today I have a gold eagle in my pocket. 

Wed, 01/19/2011 - 15:20 | 887828 A Nanny Moose
A Nanny Moose's picture

I tend to lose stuff, so I keep a 1964 Kennedy Half on me. I can demonstrate value with something that is still recognized as legal tender, and not accidentally spend it like I might, with a quarter, or dime.

Wed, 01/19/2011 - 12:22 | 887169 lunaticfringe
lunaticfringe's picture

Oh. So people in other countries can buy gold and silver and they take physical delivery, huh? Interesting.

Wed, 01/19/2011 - 12:25 | 887178 goldenboy
goldenboy's picture

The day of reckoning draws closer.... and closer...

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