• Sprott Money
    04/29/2016 - 05:58
    There is unfortunately no basis for renewed optimism that this current litigation will have any meaningful impact on precious metals manipulation – with respect to either silver or gold.

Following A Plethora Of Technical Breakdowns (And Outs), Here Are The Charts That Matter Next Week With Podcast

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Fri, 07/15/2011 - 18:52 | 1461134 Buckaroo Banzai
Buckaroo Banzai's picture

So confusing. Can I just buy gold instead?

Fri, 07/15/2011 - 18:53 | 1461139 camaro68ss
camaro68ss's picture

silver is just as good

Fri, 07/15/2011 - 19:08 | 1461166 Dr. Engali
Dr. Engali's picture

I like to buy both.

Fri, 07/15/2011 - 19:15 | 1461175 Long-John-Silver
Long-John-Silver's picture

Diversification is having Beans, Bullets, and Bullion.

Fri, 07/15/2011 - 19:18 | 1461178 Dr. Engali
Dr. Engali's picture

Band aids....you forgot your band aids

Fri, 07/15/2011 - 19:46 | 1461239 duncecap rack
duncecap rack's picture


Fri, 07/15/2011 - 19:57 | 1461264 Dr. Engali
Dr. Engali's picture

Yeah can't forget the booze. Great for bartering too.

Fri, 07/15/2011 - 19:59 | 1461268 chump666
chump666's picture

rum they used to trade it like a currency...many moons back

Fri, 07/15/2011 - 20:19 | 1461298 HungrySeagull
HungrySeagull's picture

Smokes and a small trade such as making ammunition.

Fri, 07/15/2011 - 20:36 | 1461350 baby_BLYTHE
baby_BLYTHE's picture

drinking Orange Bacardi Rum + Orange Soda now. Reading The Creature from Jekyll Island by G Edward Griffin. It is my second read through.

Fri, 07/15/2011 - 20:54 | 1461388 augie
augie's picture

You ever read anything other than economic/political theory? 

Fri, 07/15/2011 - 21:17 | 1461410 baby_BLYTHE
baby_BLYTHE's picture

I have read as much literature by the Founding Fathers as I have been able to find. Before I signed up for my Macro Economics class last semester I had already read Mises.org & LRC for about a year and started reading ZH late 2009 after my older brother awoke me to everything that is going on and how my generation is completely doomed.

I believe in sound money 100%. To me that means one should be able to make a 'safe' investment that guarenttees about a 5% return a year (Yes Gold could easily do this).

Regardless, what the chaircreature and others in mainstream academia don't understand is capital comes from savings not from 'printing' and budget deficits.

All the QE, Mark-To-Myth and regulatory capture cannot cure the rampant malinvestment this economy has undergone the past few decades post-WWII|

we have yet to experience the real pain, IMHO. The next crisis will be much worse than we had in 2008.

Fri, 07/15/2011 - 21:38 | 1461435 Careless Whisper
Careless Whisper's picture


CAN anyone please help me out? I'm trying to understand whats going on with this chart. This stock seems to be testing its support level around 130 but I'm concerned because what happens if it breaks that support level?  Where is the next level of support?  I really would appreciate some help here. Thanks.



Fri, 07/15/2011 - 21:43 | 1461442 augie
augie's picture

Don't make me break out the Ned land Vids. 

Sat, 07/16/2011 - 10:52 | 1461991 99er
Sun, 07/17/2011 - 13:20 | 1463894 sellstop
sellstop's picture

Yes, it is testing support. Very heavily testing support. It may go up from here or it may go down through that support. But the fact that it is in a downtrend and "testing support" should lead you to the conclusion that it is not a high probability trade to buy at this time.

Maybe if it breaks support, goes down, and then come back strongly it may be a good buy. Or if support holds, it goes back to the recent highs, tests them, and goes higher, then it may be a good buy.

But to buy GS here because it is "testing support" is to just be buying a lottery ticket. You are "hoping" to be right so you can pat yourself on the back for buying at the low of the move. That is a poor way to make money. And stressfull too.


Fri, 07/15/2011 - 21:41 | 1461437 augie
augie's picture

It's inspiring how much you know for how long you've been paying attention and i'm usually the one bitching about our apathetic generation, but god damn lady it's friday night in the summer. Gotta enjoy this nightmare while it lasts no? 

Fri, 07/15/2011 - 22:37 | 1461515 baby_BLYTHE
baby_BLYTHE's picture

haha, my BF and I are headed out now to a few clubs downtown.

I pay as much attention to the financial markets as I can. My generation will determine the fate of this country. Scary thought indeed.

Anyways, great work as always this week Tyler(s). Your service is invaluable.

Fri, 07/15/2011 - 23:10 | 1461573 gall batter
gall batter's picture

nobody puts baby in a corner.  except the truth: your generation's fate was determined long ago. 

Fri, 07/15/2011 - 23:34 | 1461611 IQ 145
IQ 145's picture

 I wish I could un-junk your post. It's very clear and shows an excellent grasp of the situation.

Fri, 07/15/2011 - 23:57 | 1461643 dogbreath
dogbreath's picture

what do you mean your generation is doomed.  Your life is just beginning as a result of your eyes recently opening.  eyes wide shut would describe x'ers and boomers as well.

Sat, 07/16/2011 - 00:59 | 1461701 Peak Everything
Peak Everything's picture

Suggest you keep reading because you appear to have more to learn.

I too started with studying sound money. It's important but there are other more important things. Like infinite growth being impossible on a finite planet.

Think about the implications of your desire for a safe 5% return per year. Get a spreadsheet and see how few years it takes to double the economy at 5% compounded per year. Then look at the reserves of almost any natural resource and ask how long before 5% growth puts us at serious risk of collapse.


Sat, 07/16/2011 - 02:19 | 1461763 StychoKiller
StychoKiller's picture

So, the only logical conclusion:  The surface of a planet is NOT the correct place for an expanding technological civilization.

Sat, 07/16/2011 - 02:34 | 1461774 Peak Everything
Peak Everything's picture

Sure it is. Provided we limit ourselves to 2 or less children after we've reduced about 5 billion.

Sat, 07/16/2011 - 10:17 | 1461963 GiantWang
GiantWang's picture

Albert Einstein said nothing boggled his mind more than the power of compound interest.  There is no such thing as a sustainable system that grows at a geometric rate.  Nature just doesn't function that way.  Why should we?  Why should wealth grow at a geometric rate? And what the hell are you going to do with all that wealth?  I can tell you . . . eventually you are going to leave it behind and die.  What does all that mean?  Nothing.  What will you think it means to be wealthy? Whatever you assign the "meaning" as, e.g. power, that you're better, smarter, more deserving, somehow intrinsically worthy?  Or just that you enjoy a better quality of life?  Life can be quality without growing wealth at 5% per year.  Focus on achieving such a quality life, and wealth is gravy--doesn't really matter.

Fri, 07/15/2011 - 20:59 | 1461394 Jendrzejczyk
Jendrzejczyk's picture

Orange Bacardi Rum + Orange Soda = Creature from Puke Island

Enjoy the night. Tomorrow morning will probably suck.

Sat, 07/16/2011 - 18:55 | 1462751 Herknoid Weaver
Herknoid Weaver's picture

Your on your second read through and you havent figured out the guy is a fraud and a hack? With respect you have wasted your time on G. Edward Griffin. I went down that road reading the Jeckyll Island book and I still own a copy. I definately agree that some of the information is thought provoking like his explanation of the "Mandrake Mechanism".  These guys always give you some thought provoking facts but lead you down the wrong path with lies. I keep it as memorabilia and a reminder that free speech still exists to some degree when trash like that is still published. I want to expose him and all the other clowns like him for who they really are.  This guy has been at it since Lassie was a pup. His version of history is just as skewed as that which we learned in school. Please tell me you havent watched his video he sponsered on Chemtrails or read his old books about how Cancer can be cured by eating seeds containing cyanide.  I would like to whip his damn ass.  Here are some links you can look at and make your own decision on the son of a bitch. 





Fri, 07/15/2011 - 22:55 | 1461547 Killer the Buzzard
Killer the Buzzard's picture

The Bernank says rum is an asset, not a currency.

Fri, 07/15/2011 - 20:14 | 1461288 Spastica Rex
Spastica Rex's picture


Fri, 07/15/2011 - 20:43 | 1461362 tarsubil
tarsubil's picture


Sat, 07/16/2011 - 02:20 | 1461767 StychoKiller
StychoKiller's picture

Always an asset in my book, provided you're holding onto Physical | |\(o)(o)/| |   :>D

Fri, 07/15/2011 - 19:11 | 1461168 Long-John-Silver
Long-John-Silver's picture

Make sure you take physical possession of it.

Fri, 07/15/2011 - 19:57 | 1461261 mendolover
mendolover's picture

You mean the booze right?

Fri, 07/15/2011 - 20:02 | 1461270 A Nanny Moose
A Nanny Moose's picture

After I am done with it, they can have all of my booze they want. My aim ain't so great tho. Might get a little on them.

Fri, 07/15/2011 - 20:06 | 1461272 A Nanny Moose
A Nanny Moose's picture


Fri, 07/15/2011 - 21:11 | 1461409 caerus
caerus's picture

Division bell bitchez...

Fri, 07/15/2011 - 19:00 | 1461136 SwingForce
SwingForce's picture

Anybody besides Reggie make money on Google calls today? Fuck the EURo. Oh yeah, Apple new record high. Dollar drops from here? While the Central Banksterz are intent on destroying free markets, Steve, Sergey & Larry don't want to play your stupid game.

Fri, 07/15/2011 - 18:55 | 1461144 JimBobOMG
JimBobOMG's picture

Triple top?

Fri, 07/15/2011 - 19:05 | 1461159 rsnoble
rsnoble's picture

On other fronts im going to pick up a 20 pack, drink copius cold ones for the rest of the evening while riding my 4 wheeler thru the country hills, occasionally stop to shoot at some random target, and grill a couple large porterhouses sometime later this evening. 

Fri, 07/15/2011 - 19:07 | 1461162 rsnoble
rsnoble's picture

btw I recently bought a couple of Henry 22 rifles.  They are nice and very accurate right out of the box.  Oh......and 10,000 rounds.

Fri, 07/15/2011 - 19:09 | 1461167 Dr. Engali
Dr. Engali's picture

You're gonna need a bigger gun. And more of them.

Fri, 07/15/2011 - 19:14 | 1461174 Long-John-Silver
Long-John-Silver's picture

.22's kill more people than any other caliber of gun.

Fri, 07/15/2011 - 19:19 | 1461181 brandy night rocks
brandy night rocks's picture

Maybe the Dr is assuming he'll be attacked by giants?

Fri, 07/15/2011 - 19:30 | 1461186 Dr. Engali
Dr. Engali's picture

I'll pit my 270 Ruger rifle or my 7.62 Bushmaster up against your 22 any day.

Fri, 07/15/2011 - 19:32 | 1461208 Long-John-Silver
Long-John-Silver's picture

You might think twice about that. I have a Calico 10/22 pre-ban, pre-warning, with 2 100 round mags. I also have the optional motor drive that I keep separate so I don't go to jail.


Fri, 07/15/2011 - 19:37 | 1461220 Dr. Engali
Dr. Engali's picture

That's a nice set up but it won't do you any good if I'm picking you off from 300 yards while you're spraying bullets. I'm not saying that 22s shouldn't be part of your arsenal, but when shit hits the fan I want more fire power.

Fri, 07/15/2011 - 19:42 | 1461225 Long-John-Silver
Long-John-Silver's picture

1,200 rounds a minute with the drive installed and it's accurate. You take one .22 anywhere and you bleed to death really slow and painfully. Google it.

I do have larger calibre weapons including 7.62 X 54r and 7.62 X 25T

Fri, 07/15/2011 - 19:52 | 1461254 High Plains Drifter
High Plains Drifter's picture

won't it get very hot and then jam?

Fri, 07/15/2011 - 19:58 | 1461267 Long-John-Silver
Long-John-Silver's picture

If it was a larger calibre it would but .22's will just get it warm enough to feel even if you dump all 200 rounds in a single go. Then by the time you put 200 rounds in 2 mags it's had time to cool off. It has barrel cooling tubes installed as well.


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