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Freefalling Dollar Sends Silver Above $46

Submitted by Tyler Durden on 04/21/2011 01:55 -0400

At this rate the Hunt Brothers all time high to be taken out within a week...or a day, right about the time the dollar suffers terminal implosion. The DXY is now below 74.

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Thu, 04/21/2011 - 01:57 | 1191396 They Live

Dollar collapse bitchez!!!

Thu, 04/21/2011 - 02:02 | 1191401 Mr Lennon Hendrix

Inevitability hard at work.

Thu, 04/21/2011 - 02:18 | 1191430 Fish Gone Bad

Anyone saving up that special something for a rainy day? The forecast is for rain, and plenty of it. This will absolutely not end well.

Thu, 04/21/2011 - 02:30 | 1191455 dlmaniac

What will be Fed's options then? Let's see:

(Pretend to) end QE.
Blame it on quake.
Blame it on MENA.
Blame China (again).
Bang the CRIMEX like 2008.
Stick their head in the sand and pray.
... ...

Thu, 04/21/2011 - 02:34 | 1191457 A Man without Q...

you forgot one...

Collect underpants

Thu, 04/21/2011 - 02:54 | 1191483 Selah

Mmmm... that the only viable option since it's the only one that could somehow possibly result in "profit".

Thu, 04/21/2011 - 05:22 | 1191610 Popo

The Fed still believes it's in control. It's got a button marked "jack rates up", that it *claims* it can use -- but knows full well that it cannot. Greenspan tried to raise rates, the market shat the bed, so he brought rates back down, retired, and handed the ticking bomb to Bernanke.

For all of his subterfuge, Bernanke completely understands all of this.

What I believe he fails to understand is just how fast the dollar can collapse beneath his feet. The game he is playing is beyond dangerous.

Thu, 04/21/2011 - 10:35 | 1192229 dbTX

"The game he is playing is beyond dangerous" Yeah as in Russian roulette with all six chambers loaded

Thu, 04/21/2011 - 19:44 | 1194676 naughtius maximus

Great line I have to steal this one day!

Thu, 04/21/2011 - 12:39 | 1192764 Ahmeexnal

MITHRIL !!!

Thu, 04/21/2011 - 12:21 | 1192686 Ahmeexnal

Emperor Ming has just activated the "Hot Hail" button.

Thu, 04/21/2011 - 07:28 | 1191714 AccreditedEYE

+1 It's just like Simon Johnson has always said... just like a 3rd world economy, we have sacrificed everything to bail out the elites. Now, what kind of "economy" do we really have left? Just like the 3rd world, fundamentals (and the REAL value of our assets) is crap.

Thu, 04/21/2011 - 09:27 | 1192026 stuman

Thu, 04/21/2011 - 02:28 | 1191451 Michael

I love the smell of complete and total economic collapse in the morning.

Thu, 04/21/2011 - 05:12 | 1191586 Sudden Debt

The USGovt claims to have 8000 tons of Gold in reserve, but it is all in Deep Storage, as in unmined ore bodies. The collateral for the USDollar and USTreasury debt is vacant. It is in raw form like in the Rocky Mountain range or Sierra Nevada range

This news should start to propel gold even higher and the dollar lower to.

How do you put something in the books that still needs to be mined?

US Goverment Enron Accounting at it's best...

I wonder how other countries books are cooked in the same way...

PS: I OWN A 40.000 CUBIC FEET DIAMOND!!* I'M RICH!

*Located about 700 miles under my feet. I call it my "hot deposit box".

Thu, 04/21/2011 - 07:07 | 1191701 Withdrawn Sanction

The USGovt claims to have 8000 tons of Gold in reserve, but it is all in Deep Storage, as in unmined ore bodies. The collateral for the USDollar and USTreasury debt is vacant. It is in raw form like in the Rocky Mountain range or Sierra Nevada range

Do you have a reliable citation for this claim? The reason I ask, is that no. is suspiciously close to the alleged amount of gold held by the USG on behalf of the Federal Reserve at Ft Knox (the remains of what was seized by FDR in 1933, or about 261 million oz).

Given the kleptocrats in charge, I do not doubt that this gold too is gone, but claiming it's in Ft Knox is a different animal than making the wild claim it's in "deep storage." The first is at least potentially disprovable, the other is laughably ridiculous...even for government.

Thu, 04/21/2011 - 07:59 | 1191759 Snidley Whipsnae

You cannot prove that the US has 8,000 tons of gold because they will not allow an audit. So, the US Gov claim is equally rediculous as the deep storage claim.

If the gov really has the gold, lets do an audit and prove it, otherwise as far as I am concerned the gov has no gold.

Thu, 04/21/2011 - 04:53 | 1191590 Sudden Debt

US Monetary Base 11/03/10: $1985.1 billion
US Monetary Base 04/06/11: $2490.3 billion

Inflation doesn't exist but the monetary base has grown 21%

and that's just chapter QE2 of the story which is only 80% over...

In bonds, the Market Climate deteriorated last week. On Tuesday, in response to evidence of accelerating yield pressures, as well the recognition that QE2 was much further along than investors widely seem to believe, we substantially cut our bond duration to about 1.5 years in Strategic Total Return.

Thu, 04/21/2011 - 06:24 | 1191673 Antarctico

Inflation doesn't exist but the monetary base has grown 21%

My fuzzy math says the drop in the DXY roughly tracks with the increase in the US Monetary Base. Assuming I am not totally off here, isn't this how things are suppose to work? You make more of something and this drops its value? I don't have a Ph.D. in economics from MIT, so I am probably just missing something here.

Thu, 04/21/2011 - 04:49 | 1191592 Sudden Debt

China has begun grand initiatives to replace its precious metal stockpiles. They are pursuing the Yuan currency to become a global reserve currency. As they build collateral for the Yuan, they are also elevating Silver as reserves asset.

SILVER BITCHEZ!

Thu, 04/21/2011 - 06:47 | 1191604 SME MOFO

Three weeks ago a Chinese man left a meeting and walked down seven floors into an office with no windows.

He then whispered to the man sitting alone next to a single Bakelite telephone on an empty desk,

buy 200,000 cars of may silver, not held

Thu, 04/21/2011 - 04:54 | 1191595 Sudden Debt

The Teddy Roosevelt stockpile of 6 billion Silver ounces was depleted in 2003. He saw the strategic importance of Silver for industrial and military applications. The USEconomy and USMilitary will turn into importers on the global market.

New loud stirrings by Saudi Arabia seek a new security protector. If security is no longer provided by the USMilitary, then the entire defacto Petro-Dollar standard is put at risk. Remove the crude oil sales in USDollars exclusively, and the US sinks into the Third World with a USDollar currency that cannot stand on its own wretched wrecked fundamentals.

Thu, 04/21/2011 - 04:56 | 1191600 Sudden Debt

There are a few possible outcomes as we move forward. One is that the economy weakens, and the Fed decides to leave interest rates unchanged, or even to initiate an additional round of quantitative easing. In this event, it's quite possible that we still would not observe much inflation, provided that interest rates are held down far enough. Unfortunately, the larger the monetary base, the lower the interest rate required for a non-inflationary outcome. T-bills are already at less than 4 basis points. In the event of even another $200 billion in quantitative easing, the liquidity preference curve suggests that Treasury bill yields would have to be held at literally less than a single basis point in order to avoid inflationary pressures.

ANYTHING HIGHER THAN 200 BILLION IN QE3 = BOOM DOLLAR AS IN BYE BYE DOLLAR!!

Thu, 04/21/2011 - 02:30 | 1191454 pesamystik

I wonder when the time will come when rising silver causes the dollar to fall. Maybe that time is already here.

Honestly, I thought the powers that be would have pulled the rug out on this a long time ago. That didn't stop me from investing in silver by any means. It was more a matter of principle than anything else. It doesn't hurt that it has made me a rich man as a result. When it hits $100, I'll definitely think about selling, or perhaps trading. I don't plan to invest in sports cars or other nonsense. Perhaps I'll donate to a Ron Paul type or the American Third Position (American3p.org) and hope for a better future.

Thu, 04/21/2011 - 07:11 | 1191703 Dr. Impossible

been pondering the same, but with gold, think selling 5-10% here at 1500,I'd be enought to cover my cost base. but i still don't see anything worth buying if i sold... i noticed some airfare pricing wars going on. maybe head south and buy some peso's. Mexico atleast has a trained population in socially revelant skills.

Thu, 04/21/2011 - 07:40 | 1191733 Bubbles...bubbl...

Yeah, "socially relevant skills" like beheading and skinning your victims alive are soon to become very mainstream.

Thu, 04/21/2011 - 02:00 | 1191399 SME MOFO

The fat guy who was trying to ease his way into the pool is getting more and more impatient, cannonball may be imminent...

Thu, 04/21/2011 - 02:01 | 1191404 Mr Lennon Hendrix

It's possible to drown in an inch of water.

Thu, 04/21/2011 - 03:16 | 1191522 Sudden Debt

WATERBOARDING BABY!

MADE IN THE US OF A!

Thu, 04/21/2011 - 02:26 | 1191444 Hook Line and S...

a cannonball by an incontinent fat man

Thu, 04/21/2011 - 02:00 | 1191402 tekhneek

That's an old screenshot... it's at 73.91 right now.

Thu, 04/21/2011 - 02:27 | 1191447 Hook Line and S...

+60 days

Thu, 04/21/2011 - 02:06 | 1191405 SilverRhino

Argentum caniculae!!!

Thu, 04/21/2011 - 02:06 | 1191406 Troll Magnet

damn...and i was just about to pull the trigger on a monster box yesterday when it hit 44.50.

on another note...

check out this jarring short documentary on china's real estate "boom."

http://www.youtube.com/watch?v=rPILhiTJv7E&feature=player_embedded#at=87

Thu, 04/21/2011 - 02:04 | 1191409 Dexter Morgan

Who is John Galt?

Thu, 04/21/2011 - 02:58 | 1191416 honestann

Depends on who wants to know?

Are you productive? Are you ready to go on strike?

Thu, 04/21/2011 - 02:05 | 1191410 blindman

so .... does one purchase physical silver right NOW?

Thu, 04/21/2011 - 02:09 | 1191413 honestann

No, one waits until Tuesday, until the options close.

Then back up the truck.

Thu, 04/21/2011 - 02:19 | 1191432 Mr Lennon Hendrix

There will be pullbacks. There are always pullbacks. The question is when and where. I have thought a move from $46 to $44 would sit right on a graph, before moving to $52 or somewhere, and then another slight pullback. Then to $60 and a pullback to $57. Then to $67.........

Thu, 04/21/2011 - 02:37 | 1191461 Troll Magnet

yeah but if silver reaches, say, $50 (very possible scenario) and pulls back to $48, doesn't it make sense to buy NOW when it's $46?

Thu, 04/21/2011 - 02:57 | 1191489 honestann

Sure, if you know that.

Thu, 04/21/2011 - 02:54 | 1191463 werealldoomed

Edit: Nevermind. The calender I was looking at didn't pertain to the comex.

Didn't options expire on the 16th? This is according to a calender i'm looking at.

Sorry if i'm mistaken, i'm not familar with options.

Thanks for the clarification.

Thu, 04/21/2011 - 03:07 | 1191508 honestann

See this ZeroHedge article:

http://www.zerohedge.com/article/options-risk-manipulation-and-may-silver-40-calls-fmx-connect-special-parts-1-and-2

Thu, 04/21/2011 - 19:35 | 1194652 blindman

@h,

it seems every time there is a pullback associated

with an expiration the premiums go up to eat up

the bargain. that has been my experience lately.

so, i don't think it matters when you buy. what matters

is that you can buy and that you do buy,

unless you have a better dealer.

Thu, 04/21/2011 - 20:05 | 1194753 honestann

www.apmex.com

problem solved.

Thu, 04/21/2011 - 23:00 | 1195152 blindman

those prices look good. tks

Thu, 04/21/2011 - 02:23 | 1191438 lawrence1

An ounce in the hand is worth ...
In the long run, it wont matter, just the ounces you own.
Timing in this situation is pure gambling. Buy it now and enjoy holding it over the weekend.

Thu, 04/21/2011 - 02:07 | 1191411 honestann

In gold we trust.

In silver we trust.

In Bernanke we trust... to destroy the dollar (and world economy).

Thu, 04/21/2011 - 02:10 | 1191415 SumSUN

Wonder how 50 dollar silver will affect industry (apple, GM, military).

I hope it hurts.

Thu, 04/21/2011 - 02:24 | 1191441 werealldoomed

Shouldn't affect it at all. Silver in computers, electronics, etc is just plated onto contacts. Costs no more than pennies to a dollar for something like a PC motherboard, I would assume. Probably closer to pennies..

But of course, more complex applications would in turn use more silver; Military being one.

Thu, 04/21/2011 - 02:29 | 1191450 Selah

A silver oxide battery (IEC code: S), also known as a silver–zinc battery, is a primary cell (although it may be used as a secondary cell with an open circuit potential of 1.86 volts). Silver oxide batteries have a long life and very high energy/weight ratio, but a prohibitive cost for most applications due to the high price of silver. They are available in either very small sizes as button cells where the amount of silver used is small and not a significant contributor to the overall product costs, or in large custom design batteries where the superior performance characteristics of the silver oxide chemistry outweigh cost considerations. The large cells found some applications with the military, for example in Mark 37 torpedoes or on Alfa class submarines.

Thu, 04/21/2011 - 05:39 | 1191623 Vlad Tepid

Good thing Vlad's brothers in Russia stopped making Alfa's years ago...whew, that was close.

And in recent news, Tomahawks and MOABs, not to mention shipboard electronics suites use inconceivable amounts of L'Argent.

Thu, 04/21/2011 - 03:03 | 1191506 Arkadaba

"Pennies to a dollar" - yeah those do add up - called profit.

I didn't junk you but obviously you have never run a company.

Thu, 04/21/2011 - 02:07 | 1191417 ak_khanna

Pumping up the precious metals and setting up the suckers for the option expiry on tuesday.

They are driving the USD index down and pumping up everything else. This process will continue till there are no long positions left in the USD index and no short positions in any of the commodities, stock or currencies other than the USD.

The operators are then likely to take the long position on the dollar and short position on everything else. They would then use their money power to move the markets in the direction which would get them the maximum profit while screwing all other traders / hedge funds / investors.

http://www.marketoracle.co.uk/Article24581.html

Thu, 04/21/2011 - 02:16 | 1191425 SME MOFO

ok, we heard you the first fifty times you said it. Now go sit next to the guy who says income tax means we are slaves and the other guy who says all loans are imaginary.

Thu, 04/21/2011 - 05:46 | 1191632 Vlad Tepid

So what do YOU call it when a third party takes your labor by force or coercion and you can't run away from them or stop working? Or are you the one guy who doesn't think they pay enough income tax and always checks all those "Donate to the Government" boxes?

Thu, 04/21/2011 - 06:11 | 1191657 SME MOFO

I'm not responding to the content of what these gentlemen have to say, merely the frequency.

Thu, 04/21/2011 - 09:29 | 1192045 buzzard

But we are slaves, aren't we?

Thu, 04/21/2011 - 02:12 | 1191419 Barb Dwire

My name is Barb, and I'm an AGQ addict...

I'm gonna be up all night hitting refresh on the spot silver price. And loving it.

Thu, 04/21/2011 - 02:19 | 1191431 SumSUN

I don't do LSD or PCP.

All i need is SLV.

and silver....

Thu, 04/21/2011 - 02:22 | 1191439 SME MOFO

Hi Barb!

Thu, 04/21/2011 - 05:50 | 1191633 Vlad Tepid

Hey Barb. I find Tiddly Winks is a good exercise for keeping the Update Finger in prime shape. Challenge you to a game?

Thu, 04/21/2011 - 08:12 | 1191777 Snidley Whipsnae

Pushing the 'start' switch on a Harley is also good finger exercise...

Thu, 04/21/2011 - 02:12 | 1191424 Double down

USDJPY @ 81.95

We are back

Thu, 04/21/2011 - 02:28 | 1191446 JLee2027

And the Fed is low on powder. The Ponzi may collapse.

Thu, 04/21/2011 - 02:13 | 1191426 lawrence1

Silver in a bubble?
Silver parabolic? Bullshit. Ask ten random people the silver price and maybe one will be within ten percent.
Just bought a silver round from a newly established pawn shop for $ 35. He pays about half or less of spot. He's not a dumb guy by any means but the general public is not aware of what's happening with gold or silver despite new highs so he buys cheap.
So let the bubble-heads babble and parbolics prattle and just keep buying physical.

Thu, 04/21/2011 - 05:50 | 1191634 Vlad Tepid

If that's a full ounce round for $35, I'd weigh it. Newly established? At that price he'll either go bankrupt or packup once he's sold you all his aluminum plated lead.

Thu, 04/21/2011 - 08:14 | 1191784 Snidley Whipsnae

Chain pawn shops like 'Pawn America' are notorious for mispricing items. They hire 'managers' that have little or no experience in the pawn biz... I often find mispriced silver and take advantage of it... and yes, I do know a real silver dollar from a Chinese knock off.

Thu, 04/21/2011 - 09:20 | 1192000 Vlad Tepid

I saw "Pawn America" while driving down the street and just assumed it was a new branch of the U.S.Treasury Department re-branding itself with some not-so-subtle propaganda. I'll have to swing by and check out what you say. A fool and his money are soon parted and I'm always looking for fools.

Thu, 04/21/2011 - 02:31 | 1191435 SME MOFO

The dollar is dead, as is Bela Lugosi.

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

Thu, 04/21/2011 - 02:41 | 1191469 Arkadaba

+ Nice. Not a huge Bauhaus fan but appreciate their art.

Thu, 04/21/2011 - 06:37 | 1191680 Antarctico

The dollar is dead, as is Bela Lugosi.

Ha! Back in the day, Wednesday Goth night was not complete until I got to lean against the bar sipping my drink while watching a dance floor full of little goth girls spinning around in black peasant skirts doing their goth-chi hand moves to this track. Good times!

Thu, 04/21/2011 - 11:51 | 1192579 SME MOFO

also used on the soundtrack of one of the best damn lesbian vampire movies ever.

Thu, 04/21/2011 - 02:29 | 1191449 gurkha108

Late to ZeroHedge. Started reading 1 month ago, just bought my first $20K of physical silver last week! Have $85K in cash on the sidelines, fighting the urge to by $50k of phys tonight! There's gotta be a pullback.....right??

What I've learned on this site has honestly scared the crap out of me, especially the amount of new $ created in the last 3 years. I'm thinking about food storage, just bought an m-4 and a crapload of .223, my wife is .... adjusting. :)

Thu, 04/21/2011 - 02:40 | 1191468 tickhound

Stop when you get to bunkers that come with machine gun turrets.

Thu, 04/21/2011 - 02:52 | 1191481 Coldsun

That's just what a thief would say...

Thu, 04/21/2011 - 03:04 | 1191504 Transformer

Yeah, what's your adddress, I'll be over to clean you out.

No sleep tonite, it's silver, silver, silver!!

Thu, 04/21/2011 - 02:59 | 1191487 Burnbright

My wife was skpetical for a long time till she realized that they California State University that she works at is cutting its budget by +20% and our PM holdings have more than doubled in value in a little over a year.

When silver hits over 70 an ounce she will come around, sort of.

Thu, 04/21/2011 - 05:52 | 1191637 Vlad Tepid

Formerly skeptical wives get REAL cozy when silver doubles. Luckily I bought in spurts all the way up so there've been lots of doubling up!

Thu, 04/21/2011 - 07:53 | 1191749 gall batter

most people with whom i talk are skeptical. i mention the increase since i started buying but they say nothing. they don't ask where i bought or seem at all interested in learning anything. i walk through the house of one who's moving and say, "don't get rid of that--it's sterling." she says something about hating to have to polish. i tell her to put it away and not worry about polishing, just be sure and take it with her.

Thu, 04/21/2011 - 02:59 | 1191496 Selah

A "crapload of .223" is not enough.

You need an "ungodly amount".

Ammo will be currency too. Cigarettes and water... especially water.

Thu, 04/21/2011 - 04:01 | 1191555 Moe Howard

Should have gone 5.56 so he could use all the ammo the NGs will be dropping on the ground.

Thu, 04/21/2011 - 04:21 | 1191568 gurkha108

You're right. I did go 5.56mm barrel. I suddenly feel way behind, got a lot of catching up to do -- get in shape, become skilled with the weapon, figure out water & food, reset my financial plan. What the hell do you do with your 401K in a time of crisis??

Thu, 04/21/2011 - 06:38 | 1191684 topcallingtroll

Cash out your 401k and buy cartons of trading cigarettes for bartertown. Never break a deal or you spin the wheel.

Seriously now is crazy season. Dont do anything.stupid with your 401k.

Thu, 04/21/2011 - 07:16 | 1191710 Just Observing

You mean stupid like buy real things ?

I cashed out my IRA's in 2003/04 and bought silver at 6 bucks. Man, was that stupid.

Then last year, turned 59, took out the last of my Roth, and put it in solar panels. No more electric bill ( actually they pay us a little now )....nuther stupid move.

And to think, I COULD have stayed in those crappy assed mutal funds....sigh......

Thu, 04/21/2011 - 08:38 | 1191825 slewie the pi-rat

LOL! ya don't miss yer ole partner, Uncle Sugar, too much???

Thu, 04/21/2011 - 08:20 | 1191788 Snidley Whipsnae

Dump 401K, bite the bullet, pay the penalty and taxes, buy PMs. Compared to the increase in PMs, the penalty and taxes were peanuts.

Thu, 04/21/2011 - 08:52 | 1191885 Long-John-Silver

That's exactly what I did. Silver was $12, Gold was $700, and wife screaming at me about doing that was 120db. Today my wife considers me a "Good" husband and my son thinks I'm some sort of evil genius.

Thu, 04/21/2011 - 05:55 | 1191639 Vlad Tepid

LOL +.223

On that note, I haven't seen it anywhere reported but my contacts in Japan says JT (Japan's largest and most imaginitively named tobacco conglomerate) has completely ceased production and they have been cleaned off the shelves,even in the relatively untouched west. Maybe their drying facilities were up north? I'm going out to buy me a carton at the local Japanese tourist trap...they still have a few cartons. Just wish I smoked.

Thu, 04/21/2011 - 04:06 | 1191557 monkeys.pick.bottoms

Read Bix Weir and "Atlas Shrugged" - this is Alice in Wonderland. I believe there is actually a happy ending to all of this but not for all and not at once. Buy vacuum packer and lots of food - food protects your physical best.

Thu, 04/21/2011 - 04:10 | 1191559 Clay Hill

Hi Gurkha, welcome to the party.

Do more than think about food storage

Since you've already gotten the bullets, get the beans and band-aids too.

Then relax, and enjoy the show.

Thu, 04/21/2011 - 04:31 | 1191576 gurkha108

Thanks a lot. Learning so much. Honestly, it feels very strange to be seriously contemplating and acting as if our system will break down.

But the numbers.... the freaking amount of $ created are mind-boggling. Catastrophic inflation? There would have to be an incredible destruction of value to have deflation in the face of that much $. But that destruction of value would be catastrophic, as well.

Looks like we're headed for a shit storm, or, on the other hand, a shit storm.

Thu, 04/21/2011 - 08:27 | 1191799 Snidley Whipsnae

gurkha... read this from John Hussman and you will understand why the Fed cannot move far from it's current course...

http://www.hussmanfunds.com/wmc/wmc110411.htm

Charles Plosser and the 50% Contraction in the Fed's Balance Sheet

Thu, 04/21/2011 - 06:32 | 1191678 topcallingtroll

Be careful new dude.

Buying into a parabola is usually dangerous.

Extra food and useful supplies never hurt and the carry cost is low. But silver is not a bargain right now.

Thu, 04/21/2011 - 06:51 | 1191694 ColonelCooper

Weren't you saying this about fifteen or twenty dollars ago?

Thu, 04/21/2011 - 11:45 | 1192547 ZeroHour

* crickets chirping *

Thu, 04/21/2011 - 06:49 | 1191691 Neoisolationist

I've gotten to the poitn where I say nothign to anybody about my metals/guns/body armor/food. Did for a while though. anyhow, keep quiet on the metals, bud. This thing looks like it's going to crash big and you might end up becoming a target in hard times, even by your own acquaintences. As far as the M4 goes, I bought a Ruger SR-556 in about January. Never shot one before, and got the thing zeroed real nice and have put around 350 rounds through it. Now we're getting a Saiga-12 converted. My wife's an ex-cop and is very good with the .45. She recommended (indirectly) that I get body armor, which is what I recommend to you. level 3A new is about 350 dollars now. level 4 ceramic inserts front and back add about anotehr 300 to it. groin armor is abotu another 120. and you can even get forearm guards level 3A for about 270. Crazy talk, right? Get some head cover too, a good PASGT helmet or the level IIIA version is availab for cheap. Wife's recommendation agin, as she indicated she'd go for head shots if she saw somebody wearing armor. Take care, bud.

Thu, 04/21/2011 - 07:56 | 1191756 j0nx

Neo, I have been SERIOUSLY contemplating making a purchase of BA. Do you have any direct links to the products you just described? It would REALLY help me out if so. I live in a hood FULL of illegals and section 8 welfare types. This place will go up like a tinderbox when Obama stops paying day mo'gage for them.

Thu, 04/21/2011 - 16:36 | 1193941 overqualified

Here you are:

http://thepreppershop.blogspot.com/p/gear-and-clothing.html

Thu, 04/21/2011 - 22:00 | 1195007 Neoisolationist

This is from an email I sent to a buddy of mine. Links:

As far as the companies, bulletproofvestshop is located in Israel, the guys' great. I bought 3 level 3A vests, one of which has a pair of ceramic plates (My wife and I split the set). Each has a groin protector (look at the link that has 'yes, please' next to it).

Far north tactical is okay. Some of their stuff is used, but workable. Avoid the face masks. There's better stuff out there, I found out. Not their fault. Their stuff is fine. I"ll post another link with the helmet/mask combo that i like.

level IV http://www.bulletproofvestshop.com/products/Body-Armor-External-BulletProof-Vest-%252b-2-Ceramic-SAPI-Plates-Level-4.html

Level IIIA http://www.shop.farnorthtactical.com/Second-Chance-Body-Armor-used-LEVEL-IIIA-309.htm

this stuff is used, thought. Might go another route.

Yes, please

http://www.bulletproofme.com/Body_Armor_Accessories_Concealable.shtml#Groin-Protectors

This stuff has neck/shoulder protection, but it only IIIA. Understand this is for a major civil instability scenario where wearing this stuff outside the front door won’t matter…

http://www.bulletproofvestshop.com/products/Tactical-Military-Extenal-Bullet-Proof-Vest-%252b-Neck%2C-Shoulders-and-Side.html

There’s also some stuff for wrist to forearm, throat, shoulder

http://www.bulletproofme.com/TACTICAL_Body_Armor.shtml#Arm

Thu, 04/21/2011 - 21:59 | 1195018 Neoisolationist

Here's what I recommend for helmet/face protection. 550 dollars. worth it.

http://www.securityprousa.com/coheleiiwiba.html

Sat, 04/23/2011 - 14:39 | 1199438 j0nx

Great stuff fellas. Much appreciated.

Thu, 04/21/2011 - 09:18 | 1191984 55 men

The Turd had a good article on where he thinks the next round is going. He is thinking somewhere from 42.50-43.50 and then start moving to 50. Here is a comment from one of Turds followers, which he followd up on.....

Turd Ferguson said...

boricuadigm-shift said...
Turd,

Another pattern to recognize in spot is that in the last $12 drive in silver, we have seen increments of $4-6 from bottom to top, then decreasing $2.5 and increasing another $4-6.

3/8 - High 36.36
3/9 - Low 33.66

3/24 - High 38.117
3/28 - Low 36.36

4/10 - High 42.00
4/12 - Low 39.81

4/20 - High 44.82
4/??22 - Low ???42.82??

This is eye balling it, but this gives you a good idea.

Does this make any sense?

Yes, TF

http://tfmetalsreport.blogspot.com/

Thu, 04/21/2011 - 02:45 | 1191472 Troublehoff

Crack-up Boom, Bitches!

Thu, 04/21/2011 - 07:25 | 1191716 Withdrawn Sanction

+1 (LvM)

Thu, 04/21/2011 - 02:48 | 1191475 Arkadaba

Just another viewpoint (conservative print):

http://business.financialpost.com/2011/04/20/flight-from-u-s-dollar/

Thu, 04/21/2011 - 02:57 | 1191485 Hephasteus

I'm under the impression that the 46 dollar silver thread is shitting on the 45 dollar silver threads head. It must like dreadlocks or something.

Thu, 04/21/2011 - 03:03 | 1191498 Selah

Countdown to 50, bitchez...

Thu, 04/21/2011 - 03:05 | 1191505 tickhound

$45 silver is so 5 minutes ago

Thu, 04/21/2011 - 03:09 | 1191511 HyperinflatmyNutts

$45 silver. lol why you bringing up old stuff. lmao

Thu, 04/21/2011 - 03:11 | 1191515 nontaxpayer

I am still mark to marking my silver but stopped doing that for my phys gold. Just counting kilos and ounces. Doesn't make sense to mtm money. That makes me the worst possible hoarder from CBs' and governments' point of view. Patient.

There will be set-backs and pull-backs, this is going too smoothly for my liking.

Thu, 04/21/2011 - 03:13 | 1191517 slewie the pi-rat

the euro's got a 146 handle!

the yen is strong, too. i think we want a strong yen, right now. the japanese are printing like never before. we are backing their play. and, the dollar is down, b/c of it, too.

Thu, 04/21/2011 - 03:15 | 1191519 honestann

For everyone who asked, here is the article that gives the information I based my guess JPM will smash silver down between Friday and Tuesday:

http://www.zerohedge.com/article/options-risk-manipulation-and-may-silver-40-calls-fmx-connect-special-parts-1-and-2

My guess is, JPM will do what they typically do when their obscene silver short positions are grossly underwater and option-time is about to arrive. Clobbering the price of silver down is especially effective when volume is light... which it will be from friday through tuesday. Thus I expect a massive knock down until tuesday, then off to the races again sometime between tuesday afternoon and the end of the week. It's a perfect setup for them to clobber and disillusion silver bulls.

If this plays out, likely the time to back up the truck and convert every last fiat penny to physical silver will be after their knock down.

Thu, 04/21/2011 - 07:27 | 1191719 Withdrawn Sanction

Is the market open on Good Friday? Abbreviated session, perhaps?

Thu, 04/21/2011 - 08:34 | 1191815 Snidley Whipsnae

Most coin/bullion dealers that I do biz with do not mark physical to spot price immediately... they will tell you that it is 'out of stock' till the uptrend in price continues. This has been my experience on several occasions.

One more reason I don't own PM paper.

Thu, 04/21/2011 - 19:46 | 1194691 honestann

Good reason to buy from apmex.com like I do.

Thu, 04/21/2011 - 03:21 | 1191525 Silver Alert

Looks like the London monkey crew got an alert and came in a bit early this morning. Silver just got smashed down almost $.50 in 15 minutes.

Thu, 04/21/2011 - 03:22 | 1191526 Transformer

watch how fast it bounces back. Go Turd!!

Thu, 04/21/2011 - 03:39 | 1191531 Transformer

45.91

Thu, 04/21/2011 - 03:44 | 1191534 dleddy14

Stop being a sardine and give some larger sardince dickchomp your paper who will give you gold and silver in return. http://www.youtube.com/watch?v=hmVUR-HAKBI&feature=player_embedded

Thu, 04/21/2011 - 03:57 | 1191550 Cassandra Syndrome

Dollar Index at near 3 year low (August 2008) next up, 72 "support"

Thu, 04/21/2011 - 04:00 | 1191551 jomama

either there is a correction soon or we're finally sticking a fork in the dollar.

it's overcooked, anyway.

Thu, 04/21/2011 - 04:34 | 1191577 e_goldstein

I would like to urge everyone to read Vonnegut's "Galapagos." Please pay particlar attention to the first few chapters.

Thu, 04/21/2011 - 05:57 | 1191643 Vlad Tepid

Why?

Thu, 04/21/2011 - 19:51 | 1194715 bonin006

The book is partly about a worldwide financial meltdown.

Thu, 04/21/2011 - 05:42 | 1191625 Dangertime

Sing fat lady sing!!!!! Does she end her song at $48? $49? Or does she finally collapse at $50?

Thu, 04/21/2011 - 06:14 | 1191646 Hephasteus

I can't sleep either. I don't want to miss the dxy dumping through 73.

Have you LOOKED AT THIS SHIT!!

http://www.marketwatch.com/investing/index/DXY

73.78

73.75

Thu, 04/21/2011 - 05:55 | 1191640 THE DORK OF CORK

If workers cannot get get a decent wage , cannot get credit - the surplus has to go somewhere.

As FOFOA says - its the flow. - but silver is in this matrix at least for now.

Rock and Roll.

Thu, 04/21/2011 - 06:01 | 1191648 Ferg .

Quick question sir . If I'm not mistaken you told me a while back that you'd bought silver , did you use an Irish bullion dealer ?

Thu, 04/21/2011 - 07:14 | 1191707 THE DORK OF CORK

Yes , I think there is only one vendor in town - they are on the expensive side but professional.

If you get a allocated account however it better be in Switzerland.

I worry that domestic holdings are considered the property of the state as the central banks have sold their Gold in Europe but keep it on the books as theirs.

If shit really hit the fan the "we own your ass clause" will come into operation.

I would prefer a situation where you could own Goverment securities but when the state bailed out the shadow banking sector the writing was on the wall.

In short there is really no protection against these bastards - they control everything.

Silver may be the best however as they don't own it............. yet

Thu, 04/21/2011 - 06:00 | 1191644 Ferg .

I don't know which is making me more sick , the fact that USD toxicity is distorting all my market analysis or that I passed up the oppurtunity to buy the January correction in silver when it pulled back to about $26.50 . My buy trigger was $25 . Okay , on reflection , it's definitely the latter .

Thu, 04/21/2011 - 06:02 | 1191647 Sathington Willougby

The dollar is a joke in your town, it can't even hold up against other monopoly money.

When the $ index does go up so does silver and gold. What does that tell you.

What weighs more, an oz of gold or the equivalent in $20's? At a gram each it's the paper that tips the scales.

Your savings is now worth half as much as it did 2 years ago. If by quantitative easing they mean an economist defecating all over the currency, then promotions all around.

Thu, 04/21/2011 - 06:04 | 1191649 Fantasy Planet

I've got silver and a garage full of Snuggies. Bring on the world of bartering!

Thu, 04/21/2011 - 09:01 | 1191924 gall batter

I've got silver and a garage full of Depends. HaHaHa.

Thu, 04/21/2011 - 06:07 | 1191656 Pool Shark

Okay, this is just getting scary now...

Silver up over $3 in less than two days.

When the serious run-up began a few weeks ago, I was just as happy as every other silver bug (having bought most of my silver in the $15's), but the current US$ decline is happening way too fast.

I know we like to joke about the "Mad Max" scenario, but how many of us are truly prepared (both financially and psychologically) for such a world. Frankly I'd rather see the steady gains in PM's we've witnessed the first decade of this bull market.

I can't help but think we're close to witnessing the final scenario from "Rollover:"

http://www.youtube.com/watch?v=GPYLJoq_40Y&feature=related

Thu, 04/21/2011 - 06:16 | 1191667 Hephasteus

Just relax and remember the golden rule.

When life gives you lemons. Belt sand it's face off and spit the lemon juice all over it's face. Then send it a bill for professional facial and vitamin c treatment.

Thu, 04/21/2011 - 07:00 | 1191696 ColonelCooper

It does't have to be Mad Max just because the dollar collapses. I hear life in Zimbabwe isn't so bad. And Russia wasn't such a bad place to be twenty years ago, was it?

Besides, I hear Sally Struthers can get us some rice. You gotta earn it though, Big Boy.

Thu, 04/21/2011 - 07:40 | 1191736 Hephasteus

It's 6 am colonel. No sally struthers jokes till after lunch!!! LOL

Thu, 04/21/2011 - 06:12 | 1191661 Ferg .

I guess one other point is that such extreme sentiment and one sided positioning is something to be wary of . The EUR , GBP and especially the JPY all have serious problems and the carry world's love for the AUD has to end at some stage . Personally I don't think their strength against the buck is in any way a reflection of fundamental considerations .

Thu, 04/21/2011 - 06:21 | 1191669 Yen Cross

Equities go up and the Dollar goes down! The great Fed ponzi scheme! Watch Jobs and Philly in a couple of hours. Any news is good news and the market will tank 150 points, only to finish up 15 with a DXY riding the 73 even handle. What a joke!

Thu, 04/21/2011 - 06:28 | 1191675 topcallingtroll

Ok I shat my.pants.

When i get scared and want to buy back in then an intermediate top is near.

Of course i often get scared slightly early so this might run a bit longer.

I am calling a top here, soon. Give or take 6 bucks.

Thu, 04/21/2011 - 07:03 | 1191699 ColonelCooper

You're just pissed cause you sold out twenty bucks ago.

Thu, 04/21/2011 - 09:24 | 1192020 oddjob

His crime was not the selling,but trying to scare other people to sell.

No balls.

Thu, 04/21/2011 - 06:36 | 1191682 Wakanda

shit's gettin' real - quick

sheeple wakin' up, they're mad

fasten your seatbelts

Thu, 04/21/2011 - 06:45 | 1191689 writingsonthewall

The dollar is falling fast - soon we'll be through the lows of 2008 - next week I think - unless the fed announces an end to QE or raising rates.

Looks like Marc Faber was right.

Thu, 04/21/2011 - 07:14 | 1191705 feeb

Wynter Benton: I think I love you...

But I wanna know for sure!

Thu, 04/21/2011 - 07:20 | 1191712 AmazingLarry

If the $US does indeed take out it's all-time low below 70, can it theoretically or technically be "saved" or is it [i]seriously[/i] gone? Having trouble swallowing that THEY will not pull a massive head fake here.

Thu, 04/21/2011 - 07:57 | 1191757 ivars

Typical log-periodic superexponetial growth precrash pattern (Sornette-Johansen) . But will it crash? If it will, its going to happen within few weeks:

http://www.saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a...

http://www.saposjoint.net/Forum/viewtopic.php?f=14&t=2626&start=140#p31889

http://xxx.lanl.gov/PS_cache/cond-mat/pdf/9901/9901035v1.pdf

http://xxx.lanl.gov/PS_cache/cond-mat/pdf/9901/9901268v1.pdf

http://arxiv.org/PS_cache/cond-mat/pdf/0001/0001353v1.pdf

Thu, 04/21/2011 - 08:36 | 1191826 NewThor

73.74

I've been watching Bloomberg TV.

I'm addicted to their women. Linzee Janis, Maryam Nemaz, Betty Liu, Christine Hyde. OOOOO La La.

Any who. All anyone has been talking about is

FIAT FIAT FIAT FIAT FIAT

the car, not the faux money. Seriously. It's like some NWO mindfuck plan

to drive the word FIAT in another direction.

Oh, and APPLE. Some dude said Apple $550 in a year.

HA! In a year, We'll be in the Mad Max Prequel.

They're mentioned 73.74 once. In passing, while they had some

Goldman Sachs Zombie Robot Freakazoid Dude on.

He was really, really, really creepy.

Like he was the NEW model of Federal Reserve WONKY speech demon.

73.74

WOW.

Dead Cat bounce. Yeah.

But once it break 70.

the vortex spins faster around and around

and down

JESUS CHRIST WENT NEO KUNG FU ON THE BANKERS AND MONEY CHANGERS

I'm ready to kick some ass.

God Bless Everyone.

We will take our country back.

Thu, 04/21/2011 - 08:39 | 1191846 NewThor

‎"The copies of gold and silver inflated,

which after the theft were thrown into the lake,

at the discovery that all is exhausted and dissipated by the debt.

All scrips and bonds will be wiped out."

- Nostradamus 8:28

"If the mountains fall into the sea,

let it be."

- Jimi Hendrix 'If 6 were 9'

Freefalling Dollar Sends Silver Above $46

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