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Gold Over $1,450, Silver $39

Tyler Durden's picture





 

Nobody could have foreseen this. Nobody. In other news, Ben Bernanke has just ordered an extra absorbent set of Huggies.

Time for some force majeure announcements from the TBTFs.

 


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Tue, 04/05/2011 - 11:23 | Link to Comment ZeroPower
ZeroPower's picture

There is no inflation.

Tue, 04/05/2011 - 11:28 | Link to Comment serotonindumptruck
serotonindumptruck's picture

Yes, my 12K Ag investment is now worth about 20K, and all within a 6 month timeframe.

I'm supposed to be happy about this, right?

Tue, 04/05/2011 - 11:41 | Link to Comment InconvenientCou...
InconvenientCounterParty's picture

depends what your strategy is. If you are a trader, you should not be happy until you book those returns.

If you are waiting for the collapse of fiat money, then "happy" might not fit.

 

Tue, 04/05/2011 - 11:46 | Link to Comment Flakmeister
Flakmeister's picture

The gold/silver bugs make me chuckle at times... be careful what you wish for...

Tue, 04/05/2011 - 12:00 | Link to Comment Pool Shark
Pool Shark's picture

 

Thanks to Eric Sprott...

 

Tue, 04/05/2011 - 12:01 | Link to Comment Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Something Wicked This Way Comes.

 

Been humming Silent Running a lot lately...

Tue, 04/05/2011 - 13:39 | Link to Comment Thomas
Thomas's picture

BTFD

Tue, 04/05/2011 - 13:50 | Link to Comment tarsubil
tarsubil's picture

Should BTFD now simply be B?

Tue, 04/05/2011 - 14:24 | Link to Comment asdasmos
asdasmos's picture

Sprott or QE3 being priced in?

Tue, 04/05/2011 - 16:40 | Link to Comment tarsubil
tarsubil's picture

Look at the 5 year price and it really looks like silver hasn't hit any kind of real resistance as it is rocketing upward. I was trying to time my buy today but then I just said fuck it. I'm in long so I will bareknuckle any dips.

Tue, 04/05/2011 - 12:09 | Link to Comment MrSteed
MrSteed's picture

I share your sentiment.

I own the stuff, but I sure hope to hell I never have to use it.  

Tue, 04/05/2011 - 12:14 | Link to Comment Flakmeister
Flakmeister's picture

Exactly...

Tue, 04/05/2011 - 14:52 | Link to Comment Sudden Debt
Sudden Debt's picture

Why not? I have about 148kilos in silver coins and bars laying arround AND I SURE DIDN'T BUY THEM FOR FUN!! 

But they may tone for another few years before I chip them in unless I would really need them.

 

Tue, 04/05/2011 - 15:26 | Link to Comment SilverRhino
SilverRhino's picture

What's your address again? >:)

Tue, 04/05/2011 - 15:39 | Link to Comment Flakmeister
Flakmeister's picture

5 Place Victor Hugo, Brussels...

Pick me up some chocolate if you can... be sure to hit Chez Leon for some moules-frites as well....

Tue, 04/05/2011 - 12:23 | Link to Comment viahj
viahj's picture

exactly, but that hope is quickly dissipating

Tue, 04/05/2011 - 14:00 | Link to Comment MrSteed
MrSteed's picture

LOL.  That's a sentiment I share as well!   I'm not all that optimistic...

Tue, 04/05/2011 - 13:14 | Link to Comment Ahmeexnal
Ahmeexnal's picture

You will need to use it. You will also need a faradized suit.

And directed energy man-portable weapons.

Good luck.

Tue, 04/05/2011 - 13:45 | Link to Comment Drachma
Drachma's picture

Who manufactures these faradized suits and for what frequency range?

Tue, 04/05/2011 - 14:07 | Link to Comment j.darkness
j.darkness's picture

Are you implying that the G.I Joe movie was prescient?

Tue, 04/05/2011 - 12:31 | Link to Comment Confucious 222
Confucious 222's picture

Prudent planning is not wishing.

Doing nothing is wishing the future is not too cruel.

You fiat phreaks make me wonder...

Tue, 04/05/2011 - 12:49 | Link to Comment Flakmeister
Flakmeister's picture

Me, a fiat phreak??

You obviously do not read what I post very closely...

Tue, 04/05/2011 - 13:40 | Link to Comment Thomas
Thomas's picture

Errata: "Phiat Phreaks"

Tue, 04/05/2011 - 15:08 | Link to Comment PhattyBuoy
PhattyBuoy's picture

Perphect !

Tue, 04/05/2011 - 15:21 | Link to Comment akak
akak's picture

"Phlailing, Phloundering, Phucking Phiat Phreaks"

Tue, 04/05/2011 - 15:52 | Link to Comment Banjo
Banjo's picture

Sound money should not be percieved as negative.

I own gold, silver, property and cash. The gold and silver is only since 2008 I own it because I believe I have to a disaster insurance, NOT because I a hoping for a crash.

I remember looking at gold back in 2004 after reading Richard Duncans book The Dollar Crisis thankfully I hedged out of equities and into cash.

One final thing I will add is there are likely gold / silver bugs who have stacked a certain amount of metal and are hoping that at a certain ratio they can exchange for land or a house etc.. So in that context I don't think thats bad. No different really from putting money into Google, Microsoft etc.. and hoping in a few years time you can enjoy some big gains.

Tue, 04/05/2011 - 12:08 | Link to Comment MrBoompi
MrBoompi's picture

Mixed feeliings for sure, since I do have a few things laying around that are valued in USD. I didn't have the guts to go all in on gold and silver last year.

Tue, 04/05/2011 - 14:52 | Link to Comment Zardinuk
Zardinuk's picture

Neither did I, I wanted something more stable than metals so I bought into oil companies and emerging market ETFs. They are both doing pretty good considering...

Everyone likes to talk about when gold goes up, 3% is not bad considering the losses it's taken over the months, but there are dozens of better investments out there. My Chevron (CVX) stock goes up 1.2% today, steady reliable growth that I don't have to bite my fingernails over.

Tue, 04/05/2011 - 12:51 | Link to Comment PeterSchump
PeterSchump's picture

The only people happy when they have to use their insurance policies are the one's holding the torches.

Tue, 04/05/2011 - 13:35 | Link to Comment tamboo
tamboo's picture

or those that can cash in on jooish lightning like the benster.

Tue, 04/05/2011 - 15:36 | Link to Comment FreedomGuy
FreedomGuy's picture

Lol! That means you bought around the same time as I did or same price point, Sep last year. The tricky part is if you are using it as insurance as I am primarily you cannot really sell it. If you do you have to buy back in at the current price. If it goes exponential you're OK with either price point, but if you sold out and did not repurchase then you're screwed. Tough call, but congrats! It does feel good to make a good call. I wanted to buy silver at $9.42 but I was busy getting laid off and moving. Wish I'd risked a few G's.

Tue, 04/05/2011 - 11:30 | Link to Comment I Am Ben
I Am Ben's picture

That's what I'm saying, but nobody on this site seems to listen!

Tue, 04/05/2011 - 11:31 | Link to Comment Careless Whisper
Careless Whisper's picture

It's just transitory.

Tue, 04/05/2011 - 11:36 | Link to Comment EscapeKey
EscapeKey's picture

Mervyn King keeps insisting inflation in the UK is temporary, even as it breaks from 4.0% in Jan to 4.4% in Feb. In fact, it has been "temporary" for the past 18 months.

Of course, he also tells us to expect 5.0% by the end of the year, due to more "temporary" factors.

Tue, 04/05/2011 - 12:05 | Link to Comment NotApplicable
NotApplicable's picture

On a long enough time frame, everything is temporary.

Merv's just a visionary.

Tue, 04/05/2011 - 12:11 | Link to Comment EscapeKey
EscapeKey's picture

Merv is just temporary.

Tue, 04/05/2011 - 12:38 | Link to Comment BearOfNH
BearOfNH's picture

To rephrase Merv: "In the long run we're all dead."

Tue, 04/05/2011 - 12:33 | Link to Comment mtomato2
mtomato2's picture

She had spent a year, picking worn rail from abandoned branches to patch the rail of the main line. She had spent months fighting the men of Jim's Board of Directors, who said that the national emergency was only temporary and a track that had lasted for ten years could well last for another winter, until spring, when conditions would improve, as Mr. Wesley Mouch had promised. Three weeks ago, she had made them authorize the purchase of sixty thousand tons of new rail; it could do no more than make a few patches across the continent in the worst divisions, but it was all she had been able to obtain from them.

Tue, 04/05/2011 - 13:23 | Link to Comment Ignatius J Reilly
Ignatius J Reilly's picture

I know this.  Is that from Atlas Shrugged?

Tue, 04/05/2011 - 15:37 | Link to Comment Virginian
Virginian's picture

...and you can see it on the big screen (pt. 1 - Atlas Shrugged) on April 15th.  Who could have imagined Ayn got our current situation so right - writing more than more than 50 years ago?  Genius....

Tue, 04/05/2011 - 11:41 | Link to Comment knukles
knukles's picture

It's just all bullshit. 
Ya' know, I'm gettin' this sneakin' feelin' that people's in the financial community (least all the buggers that I know and that's a pretty broad sample set) are just gettin' plain old tired, fatigued by the Bullshit Quotient and the Credibility Gap.
Where, oh where do we place our bets at times like these? 
Real assets... commodities, PM's.....
Just tired of dealin' with the BS that accompanies good old fashioned capital market investments....
That's what I'm hearin' from the troops, folks.

Tue, 04/05/2011 - 12:10 | Link to Comment Pegasus Muse
Pegasus Muse's picture

+$1450 / +$39.  I'm with the troops.  

Tue, 04/05/2011 - 12:36 | Link to Comment mtomato2
mtomato2's picture

+2011 A.D.

Tue, 04/05/2011 - 12:50 | Link to Comment fredquimby
fredquimby's picture

+ FOFOA 2011 - Year of R - P - G

http://fofoa.blogspot.com/2011/01/reference-point-gold-update-1.html

 

 

 

 

Tue, 04/05/2011 - 12:53 | Link to Comment fredquimby
fredquimby's picture

And coz it really opened my eyes, in the middle of the above link:

From a Friend

Ref: "In other words, the current price of gold means that you are buying a slice of the world’s gold supply with a proportionately smaller slice of the world’s money. You can currently buy x% of the world’s gold with y% of the world’s money, where x is much bigger than y. When gold will become the unit of account of the world’s wealth, you will find yourself able to claim a much bigger slice of that wealth than you would have been able to do with fiat money before the collapse."

Amen

 

Tue, 04/05/2011 - 13:06 | Link to Comment riphowardkatz
riphowardkatz's picture

There is inflation but it is "transient", obviously.

Tue, 04/05/2011 - 13:18 | Link to Comment Pladizow
Pladizow's picture

2011 gold forecasts from the 5 members of the London Gold Fix:

1. Barclays - $1,620/oz

2. Scotia Mocatta - $1,500/oz-$1,600/oz

3. Deutsche - $1,500/oz and $2,000/oz by 2012

4. Societe General - $1,550/oz

5. HSBC - $1,550/oz

And Goldman Sachs - $1,690/oz

They may be all a little too conservative!

Tue, 04/05/2011 - 14:18 | Link to Comment malek
malek's picture

A little? Like these in your avatar?

Tue, 04/05/2011 - 11:25 | Link to Comment Temporalist
Temporalist's picture

I saw it...with my Bernank-Ray Vision Glasses I bought from ZH.

Tue, 04/05/2011 - 11:31 | Link to Comment Ray1968
Ray1968's picture

I see $50 silver soon.

Tue, 04/05/2011 - 11:33 | Link to Comment Long-John-Silver
Long-John-Silver's picture

and $100 soon after that

Tue, 04/05/2011 - 11:38 | Link to Comment Clueless Economist
Clueless Economist's picture

i think we need another stimulus package of about 2 Trillion $'s There are many shovel ready projects that will employ millions.

Tue, 04/05/2011 - 11:44 | Link to Comment Yield2Greatness
Yield2Greatness's picture

But are there enough mexican willing to climb the fence to work those shovels.  American citizens do not get their hands dirty -- it's uncivilized.

Tue, 04/05/2011 - 12:33 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

$50 Ag, $1600 Au and metastasizing...

Inconvenient Truth may see dead people, but I smell dead people, as they're going to be a lot closer than you think.

Tue, 04/05/2011 - 13:57 | Link to Comment Crumbles
Crumbles's picture

Uncivilized - and will get you branded as a potential survivalist/terrorist should you use that shovel to make a garden plot.

Tue, 04/05/2011 - 16:09 | Link to Comment Treeplanter
Treeplanter's picture

In the real world most Americans get their hands dirty.  And millions of Americans would like those jobs Mexicans are bidding down.  If Israel can built a fence that works so can we.

Wed, 04/06/2011 - 00:15 | Link to Comment StychoKiller
StychoKiller's picture

I was shocked, shocked I say, to find out that the various States used said stimulus FRNs to repay what they owed to the Public Union Pension Funds!  Who coulda knowed??

Tue, 04/05/2011 - 11:44 | Link to Comment InconvenientCou...
InconvenientCounterParty's picture

I C dead people.

Tue, 04/05/2011 - 11:50 | Link to Comment Exposer of Inte...
Exposer of Internet Shills's picture

That's quite a BOLD call....... 

 

 

 

NOT :-)

Tue, 04/05/2011 - 13:05 | Link to Comment tsx500
tsx500's picture

really steppin out on a limb there , huh ?     ;)

Tue, 04/05/2011 - 11:25 | Link to Comment JLee2027
JLee2027's picture

Time for some force majeure announcements from the TBTFs.

Every market can rise except these.

Tue, 04/05/2011 - 11:25 | Link to Comment slow_roast
slow_roast's picture

BUY THE F***ING DIP!!!! 

Tue, 04/05/2011 - 11:28 | Link to Comment DosZap
DosZap's picture

Mr.Sinclair has seen it, and as you know forecasted it.

He's been spot on.

Next stop $1521.00..........

The TURD agrees.

Tue, 04/05/2011 - 11:34 | Link to Comment Long-John-Silver
Long-John-Silver's picture

Gold or Silver?

Tue, 04/05/2011 - 11:40 | Link to Comment TX-Mike
TX-Mike's picture

Haven't you read?  SILVER BITCHEZ!

 

Seriously though, Silver has been regularly out pacing Gold by a large margin.  I own some Gold only because it stores a larger amount of value in a smaller space... oh and because I got it pretty cheap at the time.

Tue, 04/05/2011 - 11:27 | Link to Comment Hard1
Hard1's picture

I think BTFD by now it's Buy the F***ing Default.  It's a buy anyway, so it's just semantics, it won't afect your performance.  BTFUSSD. (US Sovereign) 

Tue, 04/05/2011 - 11:37 | Link to Comment Long-John-Silver
Long-John-Silver's picture

BTFS Today's Spike is Tomorrows Dip.

Tue, 04/05/2011 - 12:14 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

For years now, I have BTF Spike (and sometimes a Dip) and I am perfectly content.

I just buy the Au when I have some income arrive, yeah I check the price but it doesn't influence my buying decision.

Tue, 04/05/2011 - 16:22 | Link to Comment Treeplanter
Treeplanter's picture

I think this leg will get sliver above 41 before a real dip. I plan on taking some profits in the miners at 40, and wait for 41, sell more-- trade thar cash to buy 300 oz on the dip.  The chaos is accelerating out there, which means silver below 40 could soon be history as spikes get more energetic.  Wait til Ma and Ma decide they want a little stash of real money. 

Tue, 04/05/2011 - 11:27 | Link to Comment DosZap
DosZap's picture

Mr.Sinclair has seen it, and as you know forecasted it.

He's been spot on.

Next stop $1521.00..........

The TURD agrees.

Tue, 04/05/2011 - 11:51 | Link to Comment Turd Ferguson
Turd Ferguson's picture

+++++ ;)

Tue, 04/05/2011 - 12:03 | Link to Comment doomandbloom
doomandbloom's picture

if there is no QE3 would it affect gold?

Tue, 04/05/2011 - 12:17 | Link to Comment tmosley
tmosley's picture

The same way no gravity would effect gold.

Fun to speculate, but it's not going to happen.

Tue, 04/05/2011 - 12:36 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

If I ever get the chance I will buy one of Turds delicious frozen yogurts and pay him in silver.

Tue, 04/05/2011 - 13:02 | Link to Comment Turd Ferguson
Turd Ferguson's picture

I'll take it!

Tue, 04/05/2011 - 14:13 | Link to Comment Sunshine n Lollipops
Sunshine n Lollipops's picture

"Turds delicious" should never be used together.

Tue, 04/05/2011 - 19:28 | Link to Comment saulysw
saulysw's picture

Two metals, one cup.

"But you can't eat gold!"

Tue, 04/05/2011 - 12:35 | Link to Comment Temporalist
Temporalist's picture

Before there was a QE gold was up for 9 years straight.  Does that help?

Tue, 04/05/2011 - 11:30 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Fuck being a real estate consultant, I wanne be a miner!

Tue, 04/05/2011 - 11:48 | Link to Comment Bleeping Fed
Bleeping Fed's picture

Move to Austrailia and be a rigger.  Six figure salary, no degree required.

 

http://www.bloomberg.com/news/2011-04-01/australia-boom-means-men-withou...

Tue, 04/05/2011 - 11:56 | Link to Comment sabra1
sabra1's picture

many bars don't serve miners, did you know that?

Tue, 04/05/2011 - 12:11 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Bummer!

- $1448 on bars not serving miners...

Tue, 04/05/2011 - 12:47 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

In the cities you can lose some loose change. Out there you lose nuggets.

QE ad Infinitum

Tue, 04/05/2011 - 14:28 | Link to Comment Diogenes
Diogenes's picture

Who cares, do they serve beer?

Tue, 04/05/2011 - 11:34 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

D.P.'d by Silver and Gold, huh Bernanke Confetti?!

Tue, 04/05/2011 - 11:24 | Link to Comment raya123
raya123's picture

Breaking news also suggests the Obama administration has rejected the short term budget proposal of the GOP, increasing the chances of a governenment shutdown on Friday.

Tue, 04/05/2011 - 11:26 | Link to Comment JLee2027
JLee2027's picture

The Democrats want a shutdown. 

Tue, 04/05/2011 - 11:43 | Link to Comment the mad hatter
the mad hatter's picture

and then all will realize that we don't need no government.

 

1773 baby.

Tue, 04/05/2011 - 11:49 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

That day will come swiftly.

SILVER IS THE STANDARD

GOLD IS THE STANDARD

I'm losing my fucking mind here!!!

Tue, 04/05/2011 - 12:32 | Link to Comment chunga
chunga's picture

Material is getting stale. All new posts get stuck in legal.

Tue, 04/05/2011 - 13:49 | Link to Comment MolotovCockhead
MolotovCockhead's picture

I'm losing my fucking mind here!!!

No, you are not.You think you are losing you mind but actually, you are losing your money....big time!

 

 

 

Tue, 04/05/2011 - 14:07 | Link to Comment chunga
chunga's picture

Gotta be real careful with publishing facts these days. Just ask Lisa

Speaking through Data

"I’ll try to be non-cynical and hope that Geither believes because his books tell him he should. My numbers — based on tens of millions of pieces of foreclosure and housing related data — tell me I shouldn’t, and that nobody else should either. Tink’s pixie dust only works if you believe in it, and when you stop believing you’ll fall rather than fly. In housing, in foreclosure-land, and in the overall economy it’s more important now than ever to do your research — to make sure that research is rooted in independent facts and figures — rather than jumping off that windowsill on blind faith."

Tue, 04/05/2011 - 20:39 | Link to Comment chunga
chunga's picture

Fight Club Lawyers listen up. For those who enjoy reading legal briefs click this baby. It will blow away the Ibanez decision. I wish there was a way to "ping" ZH'ers. I'd like to get Macho Man's take on this.

Moll vs. MERS, et al

Warning - 42 pages.

Wed, 04/06/2011 - 00:58 | Link to Comment StychoKiller
StychoKiller's picture

The MERS membership agreement does not replace the common law or the statutes which govern real estate conveyance in the State of Rhode Island.  The rules of membership in MERS do not grant any clear authority to MERS to take any action with respect to the mortgages held by MERS members, including but not limited to, executing assignments.  This is exactly what is at issue in the case at bar.

The Banksters ignored common law (in ALL 50 (57?) States!), now they're being hoisted on their own petard(s)!

Wed, 04/06/2011 - 08:52 | Link to Comment chunga
chunga's picture

The Moll brief got buried pretty deep in the thread so I will re-post on the next fraudclosure topic that pops up. I can tell you this...if you get too close to the Foreclosure Matrix the heat get's turned up fast. I'm not pimping for anyone here...but we need more lawyers with the skill and willingness to fight. A couple here and there are gonna get shut down. The courts are our last chance. Tyler...put this baby up top. We need more "Fight Club Lawyers" pronto.

Moll vs. MERS, et al

Tue, 04/05/2011 - 12:03 | Link to Comment prophet
prophet's picture

I thought they shut it down years ago.

Tue, 04/05/2011 - 12:13 | Link to Comment MrBoompi
MrBoompi's picture

Which is why they waited until they lost the last election to do it? Should we take t-baggers like you seriously?

Tue, 04/05/2011 - 13:28 | Link to Comment Tortfeasor
Tortfeasor's picture

Perhaps they would like to shut it down BECAUSE they lost?  Taking their toy truck and going home...

Tue, 04/05/2011 - 11:31 | Link to Comment Head for the Hills
Head for the Hills's picture

This will be the first wakeup call of many for those who suckle from the government teat.

The productive people won't notice anything unusual for a while, until the recession hits.

Anyone with simple math skills can see this will be a long one....

Maybe our fuhrer will use this opportunity to make his move.

 

 

Tue, 04/05/2011 - 12:11 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

+ $1445

Tue, 04/05/2011 - 11:33 | Link to Comment Global Hunter
Global Hunter's picture

shutting down government seems to be there would be more positive aspects to it than bad.  I know there are people dependent on gov't cheques but we need people to get alarmed.  Note I'm a Canadian who really admires a lot about America and has been observing what is going with absolute astonishment and fear.  The more this builds up the worse the breakdown is going to be for America and your friends.  Shut down your government and maybe there's a chance the people can take it back.

I'm apologize if I seem insensitive on this one and perhaps there is more bad news to this than I can see.

Tue, 04/05/2011 - 12:09 | Link to Comment gaoptimize
gaoptimize's picture

I noticed that a number of mining companies are located in Canada.  A hyperbolic PM bull market might prevent a Canadian realestate collapse.

Tue, 04/05/2011 - 12:14 | Link to Comment MrBoompi
MrBoompi's picture

What we should fear is the markets' reaction to a shutdown, not which checks get mailed out and which don't.

Remember the fat finger episode a year ago? Think about that on steroids and then try to relax.

Tue, 04/05/2011 - 13:14 | Link to Comment earnyermoney
earnyermoney's picture

F the markets reaction to a shutdown. Jump you, Fuckers.

Tue, 04/05/2011 - 19:12 | Link to Comment doggings
doggings's picture

haha this seems apt somehow :)

http://www.youtube.com/watch?v=_ZEEgIti8sM

Tue, 04/05/2011 - 11:36 | Link to Comment Global Hunter
Global Hunter's picture

double post or as they say in Quebec poste deuxieme (not really)

Tue, 04/05/2011 - 11:44 | Link to Comment They_Live
They_Live's picture

Don't worry, you'll never walk alone.

Tue, 04/05/2011 - 11:48 | Link to Comment Flakmeister
Flakmeister's picture

Acheter le creux putain

Tue, 04/05/2011 - 13:04 | Link to Comment fredquimby
fredquimby's picture

Comprar La Buzamiento Puta 

Tue, 04/05/2011 - 12:08 | Link to Comment NotApplicable
NotApplicable's picture

So, I guess I should've filed my taxes already, huh?

Tue, 04/05/2011 - 12:49 | Link to Comment Things that go bump
Things that go bump's picture

What if they shut down the government and nobody notices?

Wed, 04/06/2011 - 01:12 | Link to Comment StychoKiller
StychoKiller's picture

I motion that the IRS be the first to feel the axe!  There's nothing to like about their "service!"

Tue, 04/05/2011 - 11:24 | Link to Comment yabyum
yabyum's picture

Team ZH saw it,saw it from a mile away!

Tue, 04/05/2011 - 11:26 | Link to Comment H. Perowne
H. Perowne's picture

Ben: "But Maynard . . . I did everything you told me to!"

Tue, 04/05/2011 - 11:27 | Link to Comment aVian
aVian's picture

AGAU BITCHEZ!!!

Tue, 04/05/2011 - 11:27 | Link to Comment alexwest
alexwest's picture

buy buy buy
no better time to buy

alx

Tue, 04/05/2011 - 11:28 | Link to Comment bania
bania's picture

Utterly unprognosticatable.

Tue, 04/05/2011 - 11:29 | Link to Comment mule65
mule65's picture

The mainstream loves to ignore the elephant.  How about that iPad2?!

Tue, 04/05/2011 - 11:33 | Link to Comment Ray1968
Ray1968's picture

Very tasty. Ate one for lunch.

Tue, 04/05/2011 - 12:07 | Link to Comment Pool Shark
Pool Shark's picture

 

If you can't eat them, why are crooks dying to steal them?

http://www.dailymail.co.uk/news/article-1373422/iPad-smash-grab-Robber-shot-dead-arrested-Apple-store-heist-gone-wrong.html

Not to worry though; it all turned out otay...

 

Tue, 04/05/2011 - 12:12 | Link to Comment NotApplicable
NotApplicable's picture

I guess they didn't expect an armed Apple store. What will the hipsters think?

Tue, 04/05/2011 - 14:12 | Link to Comment Hephasteus
Hephasteus's picture

In Steve Jobs mind this is a suicide.

Just like all those Foxconn suicides are likely security guards throwing over railings for talking to reporters.

Tue, 04/05/2011 - 11:32 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

One day people will be cracking the case to see if there is silver in there.

Tue, 04/05/2011 - 11:43 | Link to Comment Long-John-Silver
Long-John-Silver's picture

and will extract it with electrolysis

Tue, 04/05/2011 - 12:23 | Link to Comment chumbawamba
chumbawamba's picture

HNO3 +  NaCl --> Ag(s)

I am Chumbawamba.

Tue, 04/05/2011 - 11:56 | Link to Comment Troll Magnet
Troll Magnet's picture

i have an ipad.  it's alright.  the new ipad2 looks much improved.

seriously, how long before i'll be able to pick one up for an ounce of silver?

 

Tue, 04/05/2011 - 12:10 | Link to Comment Pool Shark
Pool Shark's picture

 

Seriously?

With the current trajectory of the price of silver, and an extrapolation of Moore's Law... probably about two years.

 

Tue, 04/05/2011 - 11:27 | Link to Comment GeorgeHayduke
GeorgeHayduke's picture

If the barbaric relics are making such moves, does it mean barbarism and barbarian raids are around the corner? Oh wait, it's already been here for years, we've just called it the US Financial Sector and Wall Street. Might as well add the US Military's Corporate Profit Protection wars to the mix too.

Glad I bought the metals years ago.

Tue, 04/05/2011 - 11:34 | Link to Comment Pchelar
Pchelar's picture

Waiting for the Barbarians -

What are we waiting for, assembled in the forum?
 
            The barbarians are due here today.
 
 
Why isn’t anything happening in the senate?
Why do the senators sit there without legislating?
 
            Because the barbarians are coming today.
            What laws can the senators make now?
            Once the barbarians are here, they’ll do the legislating.
 
 
Why did our emperor get up so early,
and why is he sitting at the city’s main gate
on his throne, in state, wearing the crown?
 
            Because the barbarians are coming today
            and the emperor is waiting to receive their leader.
            He has even prepared a scroll to give him,
            replete with titles, with imposing names.
 
 
Why have our two consuls and praetors come out today
wearing their embroidered, their scarlet togas?
Why have they put on bracelets with so many amethysts,
and rings sparkling with magnificent emeralds?
Why are they carrying elegant canes
beautifully worked in silver and gold?
 
            Because the barbarians are coming today
            and things like that dazzle the barbarians.
 
 
Why don’t our distinguished orators come forward as usual
to make their speeches, say what they have to say?
 
            Because the barbarians are coming today
            and they’re bored by rhetoric and public speaking.
 
 
Why this sudden restlessness, this confusion?
(How serious people’s faces have become.)
Why are the streets and squares emptying so rapidly,
everyone going home so lost in thought?
 
            Because night has fallen and the barbarians have not come.
            And some who have just returned from the border say
            there are no barbarians any longer.
 
 
And now, what’s going to happen to us without barbarians?
They were, those people, a kind of solution.

Tue, 04/05/2011 - 12:20 | Link to Comment NotApplicable
NotApplicable's picture

The barbarian raids are emanating from the IRS. For instance, they got a $1B budget increase focused on more, well-armed revenuers.

Tue, 04/05/2011 - 12:52 | Link to Comment GeorgeHayduke
GeorgeHayduke's picture

Yeah, they too are the barbarians.

They are all part of the whole corporagovernment of today's world. For those who feel they are libertarian or "Free Market" or Replublican leaning and who will complain, it could also be called govcorp.

Same difference, different word, but some still believe the the fantasy that big bad Government does anything without their corporate or wealthy sponsor's approval. Reality awaits their discovery.

Tue, 04/05/2011 - 11:29 | Link to Comment slow_roast
slow_roast's picture

BUY THE F***ING DIP!!!! 

Tue, 04/05/2011 - 12:25 | Link to Comment Cyrano de Bivouac
Cyrano de Bivouac's picture

BUY THE F***ING DEPENDS!!!

Tue, 04/05/2011 - 11:30 | Link to Comment Zero Debt
Zero Debt's picture

When gold goes into backwardation, the endgame has begun in earnest.

Tue, 04/05/2011 - 11:31 | Link to Comment fj4funtx
fj4funtx's picture

Silver Bitchez!!

Tue, 04/05/2011 - 11:31 | Link to Comment Bastiat
Bastiat's picture

It's uprageous!

 

Tue, 04/05/2011 - 11:31 | Link to Comment IEVI
IEVI's picture

How long before the Bernank resigns or puts a gun in his mouth?

Tue, 04/05/2011 - 11:35 | Link to Comment Doña K
Doña K's picture

He packs a glock 40

Tue, 04/05/2011 - 11:38 | Link to Comment Head for the Hills
Head for the Hills's picture

You don't even need to point those at your self.

Tue, 04/05/2011 - 11:34 | Link to Comment cossack55
cossack55's picture

Hopefully he will go to his office and detonate the nuke he has in his desk drawer.

Tue, 04/05/2011 - 11:30 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

Haven't seen any of the PM trolls lately.

Tue, 04/05/2011 - 11:31 | Link to Comment tmosley
tmosley's picture

In totally unrelated news, stores nationwide report a sudden run on adult diapers.

Tue, 04/05/2011 - 12:19 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

The worst shortages are in NYC and DC I heard.

Tue, 04/05/2011 - 14:23 | Link to Comment malek
malek's picture

+1 YMMD

Tue, 04/05/2011 - 11:31 | Link to Comment Burnbright
Burnbright's picture

Just wait for the next dip, they will be calling a top. It is actually kind of funny cause they are a good indication of when to buy. 

Tue, 04/05/2011 - 11:49 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

If we could have their comments quantified on the level of trollishness and chart it, we could have the PM Troll Buy Indicator Index.

Tue, 04/05/2011 - 14:15 | Link to Comment Dollar Damocles
Dollar Damocles's picture

+ 1000

Tue, 04/05/2011 - 11:37 | Link to Comment Robot Traders Mom
Robot Traders Mom's picture

I'm sorry, my son is in juvie and can't access a computer.

Tue, 04/05/2011 - 11:30 | Link to Comment camoes
camoes's picture

Bythe? Hello? Anyone Bueller?

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