Futures Gap Down To Wednesday Levels As Silver Climb Relentless

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Mon, 02/21/2011 - 11:55 | 981651 Sophist Economicus
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I smell a DIP!!!!

Mon, 02/21/2011 - 12:08 | 981698 Golden monkey
Golden monkey's picture

Dip or not, it's still cheap below 75$.

Mon, 02/21/2011 - 12:58 | 981868 Richard Head
Richard Head's picture

Been waiting for another dip after missing the pullback to $26-27.  Couldn't stand the pain any longer and just bought some more.  So you can be sure Ag will now start going down again! 

Mon, 02/21/2011 - 13:10 | 981917 qrad
qrad's picture

you will be glad you got the physical. just don't sell until it's obvious that the manipulation is over, and pledge your deliveries at http://standfordelivery.com

Mon, 02/21/2011 - 11:56 | 981653 FischerBlack
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Yay a dip, lets buy it.

Mon, 02/21/2011 - 13:02 | 981887 Michael
Michael's picture

But, we have a Recovery. Look at the Green Shoots.

Best of walstreetpro2 (greatest fuckin hits) - 1 of 3


Best of walstreetpro2 (greatest fuckin hits) - 2 of 3


Best of walstreetpro2 (greatest fuckin hits) - 3 of 3


Mon, 02/21/2011 - 11:57 | 981654 eblair
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Mon, 02/21/2011 - 11:57 | 981657 The Count
The Count's picture

Watch some kind of voo-doo levitate the SP futures to like 2 points plus before the end of the day. The markets must rise says the high priest of the money temple!

Mon, 02/21/2011 - 11:56 | 981658 slow_roast
slow_roast's picture

Silver bitchez!

Mon, 02/21/2011 - 12:43 | 981810 in-Credible Banker
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What is the point of saying "silver bitchez" everytime a silver related article appears on ZH?  How about something a bit more insightful, and worth reading? 


Mon, 02/21/2011 - 12:54 | 981851 tmosley
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Just own physical silver.  There's not much more to wealth accumulation in this environment than that.

"Silver bitchez" is a most concise way of saying as much.

Mon, 02/21/2011 - 12:57 | 981857 perchprism
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Gold Bitchez!!

Wed, 02/23/2011 - 20:28 | 990944 The Count
The Count's picture

Bitchez, Bitchez! As in, I am long hookers :)

Mon, 02/21/2011 - 13:07 | 981904 traderjoe
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Because the beauty of this site, imho, is comments range from the insightful, sarcastic, mundane, inane, etc. - where emotions run from teenage giddiness to outright heartbreak and loss. It's all there, and it's all good. It's Fight Club - bitchez...

Mon, 02/21/2011 - 18:38 | 983103 Going Loco
Going Loco's picture

And the best comments are the short ones (no, not that sort of short).

Mon, 02/21/2011 - 13:19 | 981955 outamyeffinway
outamyeffinway's picture

Maybe it's just fun. Have you ever done it? Let's all do it together: Silver bitchez!!!

Mon, 02/21/2011 - 13:23 | 981970 Gordon Freeman
Gordon Freeman's picture

Silver bells...

Mon, 02/21/2011 - 11:59 | 981664 AndrewJackson
AndrewJackson's picture

The fact that the equity market has rallied so much in the face of this much geo political instability, commodity increases, and margin squeeze is beyond me. When this pile of crap finally falls, it is not going to be pretty.

Mon, 02/21/2011 - 12:08 | 981704 Salvatore CFA
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<< The fact that the equity market has rallied so much in the face of this much geo political instability, commodity increases, and margin squeeze is beyond me. >>

The [ not so ] invisible hand of the PPT. Alas, however, all good things come to an end, and no, General, it will not be pretty in the least.

Mon, 02/21/2011 - 13:22 | 981972 rosiescenario
rosiescenario's picture

...not that I am that smart or insightful, but after 40+ years of following and investing in the market and having worked for a short only hedge fund a decade ago, this market is surreal, our economy...likewise....and the usual bs flows from D.C....well at least that is a constant.

Mon, 02/21/2011 - 12:00 | 981665 btb2010
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As the masked man (Lone Ranger) said : Hi-ho, Silver, AWAY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Mon, 02/21/2011 - 11:59 | 981666 Prof Gulliver
Prof Gulliver's picture

Geez, the PPT is off today for the holiday. They'll be at their desks Tuesday morning before the market opens.

Mon, 02/21/2011 - 12:02 | 981677 The Count
The Count's picture

Pity those PPT guys and gals that must be sweatin blood to keep the lid on this mess.

Mon, 02/21/2011 - 12:02 | 981681 apberusdisvet
apberusdisvet's picture

Was that a mini raid by Blythe?  Give it up girl.  How much more will Bennie and Timmah support JPM?  All I ask is just one question from a Congressional panel to either of these two idiots:  How much money is JPM in the (ass)hole?

Mon, 02/21/2011 - 12:03 | 981687 CharliePrince
CharliePrince's picture

i need more silver, ill ask blythe

Mon, 02/21/2011 - 12:05 | 981691 camoes
camoes's picture

Commercial Signal Failure BITCHEZ!

Mon, 02/21/2011 - 12:14 | 981722 AndrewJackson
AndrewJackson's picture

The article by trader dan on commercial signal failure is a must read.



Mon, 02/21/2011 - 13:55 | 982134 Gordon Freeman
Gordon Freeman's picture

Indeed--many thanks!

Mon, 02/21/2011 - 12:06 | 981693 Dapper Dan
Dapper Dan's picture

I do not like the complete silence from the white house, this worries me very much.

Am I missing something?  Has Jay Carney had his baptism of fire yet?

I have an old T.V. and may have missed him.

Mon, 02/21/2011 - 19:44 | 983355 StychoKiller
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Opening their mouths and flappin' their gums is almost as important as breathing to a Pol, guess they're havin' a tough time trying to find something good to say re:  Mommar Kaddafi.

Mon, 02/21/2011 - 12:09 | 981695 Ecoman11
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Poor Comex. Can you imagine how many investors will take delivery this week? I think James Turk said it best when he stated that it's not about price, it's about ownership now.

Mon, 02/21/2011 - 12:22 | 981739 Amish Hacker
Amish Hacker's picture

Just for fun, I think I'll go back and re-read some of last week's blogs from the FRN bulls explaining how the backwardation in the silver market really didn't mean that anything important was in the works.

Mon, 02/21/2011 - 13:13 | 981925 traderjoe
traderjoe's picture

The silver trolls do seem to be a bit scarce at the moment...

As an aside, while I am FRN bear and a hard asset/sound money/even Treasury Greenback bull, I take no pleasure today in the rise of silver and gold. No only is it coming on the back of real pain and suffering around the globe and at home, I really am only keeping up with the rise in oil (which is the ultimate commodity, but I can't take possession in the same way). I'd much rather not have BB printing money as a 'last bastion of failed economic policies and Banana Republics' (see QE2 bears). But, he will continue to print. Print us right over the cliff...

Mon, 02/21/2011 - 12:08 | 981697 Overflow-admin
Overflow-admin's picture

Who said "I like the smell of sith flesh burning"?

Mon, 02/21/2011 - 12:11 | 981712 Salvatore CFA
Salvatore CFA's picture

Hmm. Allow me to reflect upon this...

...Bernardo Gui ?


Mon, 02/21/2011 - 12:08 | 981706 RobotTrader
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Nothing like a geopolitical "convulsion" to get the wildebeest herd running pell mell in a panic...


Mon, 02/21/2011 - 12:14 | 981721 monopoly
monopoly's picture

That is a great pic Robot, well done.

Mon, 02/21/2011 - 12:31 | 981759 reload
reload's picture

And just to the right of the picture, out of view, there are a dozen very large Crocodiles.

Mon, 02/21/2011 - 12:56 | 981860 tmosley
tmosley's picture

Who know well enough to stay away for fear of getting trampled to death.

These lions weren't so smart: http://www.youtube.com/watch?v=LU8DDYz68kM

Mon, 02/21/2011 - 13:14 | 981935 Sophist Economicus
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The one in the upper right looks like Harry

Mon, 02/21/2011 - 12:11 | 981713 Josh Randall
Josh Randall's picture

Princeton can use a guy like Silver

Mon, 02/21/2011 - 12:11 | 981715 monopoly
monopoly's picture

GM all. Well, yes, gold, silver ramping up, but I just keep buying every dip. My physical holdings are not for this year or next year but way down the road, miners, stocks a little different. This is really no change for most of us long term. The dollar is no safe haven and will eventually evaporate, so while we have some nice short term profits here, just swimming with the tide. I never sell my physical.

Think most stocks will decline tomorrow ex. miners. Buy AMZN CMG PCLN on the dip. LMAO> If you all would like I will make the call to Lloyd, Damie and Ben to ensure a green close tomorrow. :) Just let me know. Have a great day all.

But, no shorts.

Mon, 02/21/2011 - 12:17 | 981731 camoes
camoes's picture

Blythe rises from ashes, silver down to 33.5! BTFD lolz

Mon, 02/21/2011 - 12:30 | 981747 Pegasus Muse
Pegasus Muse's picture

And watch how the Longs are bending the Witch over and giving it to her good. 

Immediate ramp up; moving thru 33.66 ... 33.70 .... 33.75.  Already back to the day's high.

LMAO.  Give it to her good.

Mon, 02/21/2011 - 12:44 | 981817 Big Corked Boots
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Her reward is $34 silver.

Payback, bitchez.

Mon, 02/21/2011 - 12:23 | 981740 RobotTrader
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And yes, I will be ready to short big when the time comes.  Could be as early as tomorrow.

The key will be to watch how LULU, RL, PNRA, DECK react to this Libyan news.

So far, they have been bucked up even higher each time one of these Middle Eastern countries fall.

But maybe this time will be different.

I will be ready for either outcome.

Mon, 02/21/2011 - 12:30 | 981756 Bendromeda Strain
Bendromeda Strain's picture

Thank goodness, we were worried...

Mon, 02/21/2011 - 13:01 | 981880 tmosley
tmosley's picture

Yeah, do it on margin.  Lots of margin.

When margin comes a-callin', be sure you have a high window you can jump out of.

Mon, 02/21/2011 - 13:05 | 981896 Richard Head
Richard Head's picture

You've got to be shitting me.  Could you come up with 4 more inconsequential stocks?  You might as well throw CROX into that list!

Mon, 02/21/2011 - 13:15 | 981940 traderjoe
traderjoe's picture

Yes, you will be ready with some backward-looking comment on some random stock selected simply to make some half-baked point. Can't wait!

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