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Gold, Silver Surge At Open Of Electronic Trading

Tyler Durden's picture


As the dollar plunges (supposedly on news of that Frankenstein of a Euro treaty announced on Saturday morning and on capital repatriation in Japan) the real reason for the plunge can be found in the action of the precious metals, where both gold and silver are about to take out period highs on more imminent global fiat dilution.


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Sun, 03/13/2011 - 18:16 | 1047376 strannick
strannick's picture

Lots of local, topical reasons, but still its all about the Bernanke

Sun, 03/13/2011 - 18:16 | 1047382 whatsinaname
whatsinaname's picture

What did Blythe get hit with ?

Sun, 03/13/2011 - 18:21 | 1047398 High Plains Drifter
High Plains Drifter's picture

She got the big one in the other hole today.

Sun, 03/13/2011 - 18:23 | 1047409 Long-John-Silver
Long-John-Silver's picture

All three holes are getting plugged right now while someone else is raiding her USD index purse.

Sun, 03/13/2011 - 18:26 | 1047420 bob_dabolina
bob_dabolina's picture

Air tight

Sun, 03/13/2011 - 18:30 | 1047429 High Plains Drifter
High Plains Drifter's picture


Sun, 03/13/2011 - 19:43 | 1047576 egdeh orez
egdeh orez's picture

No one said it yet?

Gold/Siver Bitchez!

Sun, 03/13/2011 - 20:25 | 1047687 Ahmeexnal
Ahmeexnal's picture

I predict someone *cough* Blythe *cough* is about to commit suicide.

Sun, 03/13/2011 - 18:33 | 1047441 tmosley
tmosley's picture

Dunno about that.

Do you see the problem here?

Sun, 03/13/2011 - 18:27 | 1047422 jerry_theking_lawler
jerry_theking_lawler's picture

a japanese delivery truck in the tsunami.

Sun, 03/13/2011 - 18:56 | 1047517 goldfish1
goldfish1's picture

656 PM EST 3/13/2011 Gold=$ 1431.5 ask

656 PM EST 3/13/2011 SILVER=$ 36.38 ask

Sun, 03/13/2011 - 20:29 | 1047686 asdasmos
asdasmos's picture

03/14 - 9:25
9,703.01 -551.42 ( - 5.38%)

03/14 - 9:04
81.41 - 81.44 -1.37


Sun, 03/13/2011 - 19:40 | 1047571 asteroids
asteroids's picture

The S&P is down 9 points. Still, it's a long way to the open. I expect a 2AM ramp. Gotta open and close Green. Can't let the sheeple think that a small thing like one of  the greatest earthquakes on record could possibly effect the FEDs control of the markets. That would shake their confidence and faith in their masters.

Sun, 03/13/2011 - 19:53 | 1047594 Troll Magnet
Troll Magnet's picture

i really hope blythe gets to work on silver and bring the price down so that i can buy more.

Sun, 03/13/2011 - 21:49 | 1048081 TwoShortPlanks
TwoShortPlanks's picture

If you're long on Silver what does price have to do with it. I think the real issue is delivery at this time, not [fiat] price.

Been buying at Perth Mint. Only 10oz bars in inventory, 1kg bars come in spazmodically, 100oz bars don't exist...1kg bars are probably coupled with Blythe's Orgasms from sitting on the Printing Press.

Sun, 03/13/2011 - 18:20 | 1047387 whatsinaname
whatsinaname's picture

Look at May & July Silver soar...eerie but why is Sept lagging ?

Sun, 03/13/2011 - 18:44 | 1047480 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Because the comex will be bust well before September comes.

Sun, 03/13/2011 - 18:52 | 1047506 JenkinsLane
JenkinsLane's picture


Sun, 03/13/2011 - 19:36 | 1047563 Lord Welligton
Lord Welligton's picture



Sun, 03/13/2011 - 21:26 | 1047999 DoChenRollingBearing
DoChenRollingBearing's picture


+ 1

Sun, 03/13/2011 - 18:17 | 1047381 High Plains Drifter
High Plains Drifter's picture

Oh Lordy.  Gee Schmailes. Is that risk on, or risk off?

Sun, 03/13/2011 - 18:56 | 1047499 Michael
Michael's picture

Don't you mean wax on or wax off? I hate that new mantra.

It would be very generous of the Federal Reserve Corporation and the US government to allow Japan to repatriate US treasury holding redemptions without prejudice for the cleanup.

Sun, 03/13/2011 - 19:24 | 1047535 malikai
malikai's picture

I'm thinking we'll see a bunch of US involvement (subsidization) in Japan's reconstruction. They are probably making the deals right now. The Japanese will not be allowed to dump treasuries that easily.

Sun, 03/13/2011 - 19:26 | 1047537 Bob
Bob's picture


Sun, 03/13/2011 - 20:14 | 1047648 velobabe
velobabe's picture

lube on or lube off?

Sun, 03/13/2011 - 18:17 | 1047383 ZeroPower
ZeroPower's picture

Nice to see oil caught a bid too. Will be commodity run of the week imo, watch it.

Sun, 03/13/2011 - 18:18 | 1047384 reachsb
reachsb's picture

The BOJ's announcement of flooding the system with more fiat isn't helping matters.

Sun, 03/13/2011 - 18:20 | 1047395 High Plains Drifter
High Plains Drifter's picture

The IMF is reading, willing and able to help them. They are in the helping business with SDR's.

Sun, 03/13/2011 - 20:27 | 1047695 goldfish1
goldfish1's picture

^N225 Nikkei 225 9,850.91 8:07PM EDT Down 403.52 (3.94%)

Sun, 03/13/2011 - 20:30 | 1047701 goldfish1
goldfish1's picture

^N225 Nikkei 225 9,714.04 8:11PM EDT Down 540.39 (5.27%)

Sun, 03/13/2011 - 18:20 | 1047392 gwar5
gwar5's picture

A camel toe is always a gap up, but not all gap ups are camel toes.

Sun, 03/13/2011 - 18:24 | 1047406 romanko
romanko's picture

camel toes, bitchez!

Sun, 03/13/2011 - 23:17 | 1048564 Art Lomax
Art Lomax's picture

Do camels consider this a pussy foot?

Sun, 03/13/2011 - 19:48 | 1047584 nmewn
nmewn's picture

Is "hindsight" really 20/20? ;-)

Sun, 03/13/2011 - 18:20 | 1047393 baby_BLYTHE
baby_BLYTHE's picture


Love you guys <3

Long Gold and Silver, forever!

Sun, 03/13/2011 - 18:24 | 1047407 THE DORK OF CORK
THE DORK OF CORK's picture

Not forever , just until the world ends.

Sun, 03/13/2011 - 18:31 | 1047438 strannick
strannick's picture

Amen, Dorky

Sun, 03/13/2011 - 19:55 | 1047602 Mr.Really.Fed.Up
Mr.Really.Fed.Up's picture

thats about right

Sun, 03/13/2011 - 18:29 | 1047424 impending doom
impending doom's picture

Last week you were asking if you should sell all the gold you procured from your summer job...

Sun, 03/13/2011 - 18:34 | 1047447 MsCreant
MsCreant's picture

Do you have room for a young person to be inconsistent as they are figuring things out? God forbid you held me to the shit I thought was true when I was younger.

Sun, 03/13/2011 - 18:42 | 1047474 DosZap
DosZap's picture


5 up high!

Sun, 03/13/2011 - 18:45 | 1047479 impending doom
impending doom's picture

Certainly. It just strikes me as odd to see such a swing in so narrow a time period. I also offered multiple times to buy baby blythe's stash and never got so much as a reply. I think too much, I suppose...

Sun, 03/13/2011 - 18:48 | 1047492 baby_BLYTHE
baby_BLYTHE's picture

Even If I were to die, which I believe I will within 1-3 years...

My PMs are in my family safe.

It is comforting to know they will not have to starve and die in the streets once a loaf of bread costs 10,000 dollars+.

Therefore, I don't plan to sell any of my PMs.

Sun, 03/13/2011 - 18:59 | 1047525 JW n FL
JW n FL's picture

why do you need to die within 1 to 3 years?

This is a good hand gun, very little recoil..


Why not spend some time learning to defend yourself? incase the police force in your part of the world is cut in half.. and you need to be able to defend yourself?


As well a shotgun around the house is a great way to go..


If you have any questions, speak up.. lots of people here will help gladly to help keep you alive well beyond the 1 to 3 year(s) that you have set.



Sun, 03/13/2011 - 19:30 | 1047547 impending doom
impending doom's picture

(s)he's a college student JW. A 5-7 is probably way out of the price range. Glock + Mossberg is probably the way to go.

Sun, 03/13/2011 - 19:49 | 1047588 JW n FL
JW n FL's picture

I am sure we can help keep'em safe in any price bracket Brother Doom!

We are here to help any and all members of Fight Club!

If anyone has questions, just ask.. lots of people will offer what they know.. and maybe even help some others who dont post that just read.. which was a Lot of us before we decided to take the plung into the Fight Club!

God Bless You All!

Sun, 03/13/2011 - 21:30 | 1048008 DoChenRollingBearing
DoChenRollingBearing's picture

We're here to help.  ONE of the reasons I like this place so much.

Sun, 03/13/2011 - 19:53 | 1047599 samsara
samsara's picture

BB,  Pace yourself.   Got a long way to go. 

Some advice from when I was young...


....Look out kid, don't matter what you did
But walk on your tip toes don't tie no bows
Better stay away from those that carry around a fire hose
Keep a clean nose, watch the plain clothes
You don't need a weather man to know which way the wind blows....

Cheer up,  You can die anyday.  Don't make it today.

Stick around to see some of them go down.

Sun, 03/13/2011 - 20:22 | 1047668 impending doom
impending doom's picture

Look out kid,

look what you done did,

got sent up on an eight year bid,

now your manhood is took and you're a maytag,

spend the next few years as an undercover fag,

gettin' used and abused and served like hell,

until one day you're found hung dead in a cell,

It was plain to see your life was lost,

you were cold and your body swung back and forth,

but now your eyes sing the sad sad song,

of how you live so fast and die so young,

it's like a jungle some times it makes me wonder how i keep from going under

Mon, 03/14/2011 - 00:22 | 1048902 Hook Line and S...
Hook Line and Sphincter's picture

why wait 3 years to do what you can achieve tonight?

Sun, 03/13/2011 - 18:30 | 1047434 falak pema
falak pema's picture

silver bells, silver bells, jingle all the way! Where now? It has to come down when the USD goes QE-infinity!

Sun, 03/13/2011 - 18:20 | 1047396 dark pools of soros
dark pools of soros's picture

looks like Gaddafi is going to win...   will Mel Brooks play him in the musical that follows?



Sun, 03/13/2011 - 18:26 | 1047418 High Plains Drifter
High Plains Drifter's picture

they underestimated the cantankerous old geezer and he will make them pay for this mistake...He saw what they did to Saddam and he knows the game they play and he knows what comes next. So they pissed in his cornflakes and now he will fuck them on the oil supply and other matters too, which he has already intimated on. Sure they caught him by surprise on this deal, but he gathered his wits and did what he had to do. The guy is a real piece of work, no doubt, but you have to admit, they had every intention of going into Libya and stealing their oil wealth etc and now they can't and as far as BP is concerned. They can kiss off their billion dollar investments.  Put that in the loss column for sure.

Sun, 03/13/2011 - 18:47 | 1047484 DosZap
DosZap's picture

I disagree, they were already getting it.

Now we get shit.

And we may get the bonus round, a Islamic Gov't.

Sharia style.


Sun, 03/13/2011 - 18:51 | 1047504 zaknick
zaknick's picture

Believe it or not, the jooooos are helping Godaffy

Sun, 03/13/2011 - 19:33 | 1047552 DosZap
DosZap's picture

Yep, and read my post above yours is WHY.

Sun, 03/13/2011 - 21:58 | 1048120 TwoShortPlanks
TwoShortPlanks's picture

Oh Goodie! More Silver inventory required to settle Camel debt.

Sun, 03/13/2011 - 18:33 | 1047446 falak pema
falak pema's picture

But, but Obammy said publicly his time is up. The EU said they prefer the other guys So will they all eat humble pie when he 'laffs' at them from Bengazi? Wicked laff he has!

Sun, 03/13/2011 - 18:22 | 1047397 ZeroPower
ZeroPower's picture

Lol USDJPY move. Hello vol, nice to see you.

Sun, 03/13/2011 - 18:23 | 1047400 Motorhead
Motorhead's picture

Go Ag & Au!

Curious as to how crude oil is doing after Japan horror and Yemen & Bahrain unrest.

Sun, 03/13/2011 - 18:32 | 1047430 baby_BLYTHE
baby_BLYTHE's picture

I have nightmares every night.

I am seriouslly fightened for my life.

These TBTFs and our criminal government hate to lose.

MY AVG security scanner keeps giving me tracking cookie alerts.

Someone is after me! I am scared to death.

I have my brothers gun with me at all times now (in my backpack).

Even in public, even though it is illegal for me to do that in my state!

This is war, folks. 

Sun, 03/13/2011 - 18:34 | 1047448 Hulk
Hulk's picture

baby_BLYTHE, don't carry that weapon in public, if you get caught, you may loose your priviledge to have weapons period...

Sun, 03/13/2011 - 18:38 | 1047460 baby_BLYTHE
baby_BLYTHE's picture

My rights don't come from anyone but my creator.

That being said, I have only done it a few times.

I have never been more afraid in my life. For both my life, my family's lives and everyone in my community.

The world is falling apart all around us.

How much longer is the US safe from economic devastation, war and nature born chaos?

Sun, 03/13/2011 - 18:41 | 1047470 Hulk
Hulk's picture

Being young amplifies those fears. It ain't that bad yet. Promise me you won't carry that weapon in public anymore...

Sun, 03/13/2011 - 20:12 | 1047646 nmewn
nmewn's picture

Spot on Hulk...there are very few times I have felt "a need" to carry in public.

For myself, I refuse to get a carry permit for something I have an inate right to do, for the simple reason I don't think any government has a right to know what I carry from time to choice, my consequences.

All the vehicles I drive have them...and are legally carried in the state of Fla. under the three step rule...I would suggest BB familiarize herself with her local and state gun laws to avoid any "accidents".

My two cents.

Sun, 03/13/2011 - 21:45 | 1048061 ColonelCooper
ColonelCooper's picture

nmewn - I agree with your sentiment on refusing to get a carry permit.  I did not for the same reasons for a long time.  Part of my reason for aquiring was transport.  Also, in my state you need a permit to purchase anyway, CCW is only slightly more of an imposition.  I travel by vehicle a LOT, often across state lines.  I basically gave up the fight for the convenience.  For now.  To quote a poster down thread:

"You will know when you need to carry a gun outside because there will be no law. Until that day comes, don't find yourself on the wrong side of the machine. Wait until the machine is broken."

I think that for someone in the OP's instance, at the very least taking the CCW class is a good thing.  While it doesn't (isn't designed to) teach you anything about weapons, if the instructor is any good he/she will open ones eyes to the hard realities of making the decision to carry. 

I would hope that anyone would accept the responsibility to get some training, and practice, practice.  My biggest worry for a scared girl carrying somebody elses handgun in a backpack is that she will simply have it taken away and used against her.

Either way, it is her right to do so.



Sun, 03/13/2011 - 22:53 | 1048421 nmewn
nmewn's picture


Understand completely...I made it a point to highlight myself and my circumstances...and I agree for the young (without an adult around to teach right from wrong) a firearms class, whether you intend to carry or not is proper.

There are major consequences involved here for being an adult, just like driving a car.

Certainly in your case (intrastate travel) it's probably not worth the hassle...I can't say that I would have taken a different course...but here, in the SE, most states have reciprocity in vehicle carry with slight variations...again, I haven't taken my carry holster's out of the closet in a long need, even though I live my life in "condition orange" or other is not far away ;-)

Agree on training...disagree on formal being end all as you say, as an instructor who ain't worth a damn (former Wackenhut's and washed out psychotic cops) are worse than having none at all...IMHO.  

It is my sincere wish that people who read what we discuss here understand their responsibility when they purchase a firearm or a car or anything else that can kill their fellow man (which is infinite)'s defense not offense that we discuss here...there's nothing macho about shooting or driving over someone who has done nothing to you and winding up in prison with a guy named Daisy.

For her...I would advise paying for training or seeking out a knowledgable relative, as it seems she doesn't have any idea of it outside of ownership.

Sun, 03/13/2011 - 21:03 | 1047905 Bananamerican
Bananamerican's picture

hulk, you & vendetta dude are being punked.
You forgot the 1st rule of the internets..
"on the internets, everyone is a 12 year old girl"
...except MsCreant

Sun, 03/13/2011 - 21:28 | 1048003 nmewn
nmewn's picture

Maybe what "vendetta dude" and Hulk said on a public forum, read by millions, wasn't meant for just BB.

You ever think of that?

In the end...who got punked? ;-)

Sun, 03/13/2011 - 21:46 | 1048006 Hulk
Hulk's picture

Could be. Fatherly instincts came on strong...Got me to thinking though, there may be way too much reality around here for a young person to process...

Sun, 03/13/2011 - 18:43 | 1047471 ColonelCooper
ColonelCooper's picture

Make it legal.  You live in Minnesota, you can make it happen on a Saturday. 

Sun, 03/13/2011 - 18:47 | 1047494 Hulk
Hulk's picture

Yes, by all means, make it legal. And get trained...

Sun, 03/13/2011 - 19:24 | 1047534 speculator
speculator's picture

Trouble is, in the really dangerous places, you can't legally carry unless you're rich & famous. In NYC today if you ever fired a gun on the street you'd get tracked down by police camera records. Sorry to say, it's better to be a victim of a punk than of the state. 

Sun, 03/13/2011 - 19:33 | 1047551 ColonelCooper
ColonelCooper's picture

She has stated in earlier posts that she is from MN.  As blue of a state as it is, they are still pretty pro 2nd amendment.

Sun, 03/13/2011 - 19:36 | 1047564 DosZap
DosZap's picture


Yes sir, and no matter what state,better be Judged by 12, than carried by 6.

Besides by that time, I doubt most laws will be adhered to, and everyone will be open game.

Top to bottom.

Sun, 03/13/2011 - 19:35 | 1047561 DosZap
DosZap's picture

You volunteer for that job.........NY, NJ, screw em',biatches deserve it, they go down, not me.


Sun, 03/13/2011 - 18:52 | 1047507 malikai
malikai's picture

You will know when you need to carry a gun outside because there will be no law. Until that day comes, don't find yourself on the wrong side of the machine. Wait until the machine is broken.

Sun, 03/13/2011 - 19:40 | 1047569 DosZap
DosZap's picture

There is no law now, and losing a RIGHT is not their decision.

I feel for the folks up north, I really do.

Most are scared shitless of the LE, and weapons in general.

Easy prey.

Sun, 03/13/2011 - 22:11 | 1048159 Hacked Economy
Hacked Economy's picture

Making it legal is best, but it doesn't always work even when you do it the way they say you should.  I legally purchased a certain firearm here in CA back in the 90s (through a registered FFL dealer with a true brick-and-mortar storefront), then the CA Legislature changed the law afterwards, making my particular item illegal to own, and didn't even provide for a "grandfather provision" for previous purchases.  Long story short...the state gladly took my sales tax on the purchase, then later changed the law and took my firearm as well, with no recompense whatsoever.  The good 'ol BATF showed up at my home door for the confiscation and told me that I was even risking arrest for even possessing the item at all!

Nowadays, CA law requires all arms purchases to be registered, and the dealers must hold copies of the paperwork for 25 years.  Plus there's the CA DOJ's copies as well that are held in Sacramento...

That's why I haven't purchased a new firearm here in CA ever since, and won't until I move out of state to a more friendly one (which is looking to be sooner rather than later!).

Mon, 03/14/2011 - 00:48 | 1049012 NidStyles
NidStyles's picture

You'd be welcome in Arizona. We are the only state with Constitutional Carry.

Mon, 03/14/2011 - 01:01 | 1049059 Hacked Economy
Hacked Economy's picture

Yeah...I lived there when I was younger.  In fact, I was just there a couple of months ago visiting Sedona with some family, and we decided to check out the town's ammo shop on the way out.  Was sooooo sweet being able to actually hold some Class III iron in my hands.  I chatted with the staff and told them about the hoops of fire one has to jump through here in CA just to buy anything, and they calmly listened and shook their heads in sympathy, then consoled my pain by offering a Barrett .50 cal to my outstretched hands.  I cried...partly from having to go back to CA, partly from the joy of holding one of the shooting world's masterpieces.  Made sure the tears didn't fall on the barrel, tho'.

Sun, 03/13/2011 - 20:09 | 1047632 Reptil
Reptil's picture

IF you're serious, which could very well be the case. (The situation in the USA doesn't look good as the elite is obviously positioning themselves for a win or lose (all) endgame in the USA), why don't you take a breather, and look at an exit plan? It might be a strange idea to do that, but might prove instrumental to reconnect you with your sense of destiny.

Have a look at the options, there's people like "sovereign man" around, that can give you, or anyone else some tips. There's still time to make an exit, and continue life and the fight from somewhere else.

I'm not particularly positive, since I've noticed many inside the USA still don't grasp the game, they're still distracted and their vision of the bigger picture impaired, even when (almost) all the chips are on the table.

We're all going to have to start anew, once this is over. About that, I'm positive. Free spirited human beings will win. Because they have the positive plan, of growth, and coöperation (trade), and the banksters and MIC don't. They're all about destruction and monopolisation.

Sun, 03/13/2011 - 21:46 | 1048068 Diogenes
Diogenes's picture

Chill out. The world has been through worse. I freaked out too when the world was falling apart in the sixties and seventies but I made it through OK and so did the world.

Think of it more in terms of changing seasons, and opportunities.

Sun, 03/13/2011 - 19:20 | 1047530 Coldfire
Coldfire's picture

...or worse, you could lose your privilege.

Sun, 03/13/2011 - 18:37 | 1047455 Long-John-Silver
Long-John-Silver's picture

You've got to be insane to use Windows on the Internet. Download and use ubuntu with plugged into the WWW. It's free, easy, and SAFE.

Sun, 03/13/2011 - 18:55 | 1047518 DosZap
DosZap's picture

Long John,

Thanks for the link, but with GOOGLE CHROME on there, IE is safe IMHO, considering how screwed the ARE.

Seems Key Scrambler, and Easy Hide I.P. would be better.

Sun, 03/13/2011 - 20:42 | 1047749 FeralSerf
FeralSerf's picture

Safe, your ass!  Google is a CIA/NSA operation.

Sun, 03/13/2011 - 20:15 | 1047650 Ahmeexnal
Ahmeexnal's picture

Ubuntu won't help you if your processor is x86 based.

Get off x86 processors!

Sun, 03/13/2011 - 20:42 | 1047766 FeralSerf
FeralSerf's picture

I have trouble logging on to ZH with my C-64.

Sun, 03/13/2011 - 23:51 | 1048783 bonin006
bonin006's picture

Maybe you should try my Sinclair ZX 81. It has a 16K plug in RAM module.

Sun, 03/13/2011 - 18:36 | 1047456 Unlawful Justice
Sun, 03/13/2011 - 18:37 | 1047459 falak pema
falak pema's picture

worse, you may lose your virginity. Imagine that. A popgun is no deterrent. Try a AK 47, like all true americans. Besides, it will have silver bullets from your wins on the market.

Sun, 03/13/2011 - 19:56 | 1047607 pazmaker
pazmaker's picture

that's funny  every website that exist requires cookies..... they want your info for marketing purposes to make money off of you.   Someone is a little too paranoid....

Sun, 03/13/2011 - 20:45 | 1047782 FeralSerf
FeralSerf's picture

Just because you're paranoid doesn't mean they're not out to get you.

Sun, 03/13/2011 - 20:01 | 1047617 ehildret
ehildret's picture

Troll- baby blythe


Mon, 03/14/2011 - 16:59 | 1052000 MsCreant
MsCreant's picture

Probably. Or really young.

Sun, 03/13/2011 - 18:23 | 1047410 unwashedmass
unwashedmass's picture


don't we all find it "interesting" that suffered a "network failure" at the open, which essentially locked its customers out of gold/silver trading at the open?

switching my account tomorrow....anyone have a more "reliable" currency trading broker?

Sun, 03/13/2011 - 18:29 | 1047426 dark pools of soros
dark pools of soros's picture

just call up Ben...  he only does one way trades though

Sun, 03/13/2011 - 18:29 | 1047427 10044
10044's picture


Sun, 03/13/2011 - 18:34 | 1047450 SilverIsKing
Sun, 03/13/2011 - 21:20 | 1047615 pazmaker
pazmaker's picture

OANDA  I made a trade in XAG/USD at the open long XAG at 35.89  now at 36.24

Sun, 03/13/2011 - 18:26 | 1047421 Snidley Whipsnae
Snidley Whipsnae's picture

I posted this on the last PM thread but it deserves a look by any interested in PMs...

China has strapped the dollar to gold at the hip and there is nothing Ben can do about it... except stop printing.

'China is Hoarding Gold'...

Sun, 03/13/2011 - 18:33 | 1047436 Threeggg
Threeggg's picture

Don't worry they will beat it to a pulp later, because we have quadruple witching this week.

Never fails................

Well maybe once last December 2010

Quadruple Witching: Simultaneous expiry on US markets of stock index futures, stock index options, stock options, and single stock futures, which takes place on the third Friday of March, June, September, and December.

Sun, 03/13/2011 - 18:32 | 1047437 Bob
Bob's picture

Funny, I just noticed this and jumped to ZH to get the dope.  Crazy times. 

Sun, 03/13/2011 - 18:36 | 1047453 Snidley Whipsnae
Snidley Whipsnae's picture

Jesse's site is updating PM prices... scroll down... prices on left side of page.

Thanks Jesse!

Sun, 03/13/2011 - 18:39 | 1047465 Bob
Bob's picture

Thanks for the nudge.

Sun, 03/13/2011 - 20:37 | 1047714 nmewn
nmewn's picture

Jessie's a good Joe, Bob ;-)

You'll like the site...take the opportunity to scroll through his bog roll...Denver Dave, Harvey Organ...and a new guy Trader Dan if I recall...great neuvo art posters from around the world regarding food & drink.


Sun, 03/13/2011 - 21:41 | 1048048 DoChenRollingBearing
DoChenRollingBearing's picture

+ 100

Jesse has a great site.

Sun, 03/13/2011 - 18:36 | 1047452 Tulli
Tulli's picture

If AUD/JPY still correlated to US equities, tomorrow will be funny...

Sun, 03/13/2011 - 18:44 | 1047481 ZeroPower
ZeroPower's picture

Try /HG.

Or, gasp, WTI

Sun, 03/13/2011 - 18:45 | 1047482 Hulk
Hulk's picture

I'm starting to like Sunday evenings...

Sun, 03/13/2011 - 18:46 | 1047486 monopoly
monopoly's picture

This is a terrible national tragedy for the Japanese. Do not understand how some of you can make light of this. And this is not the way I want to profit. This is a sad day for Japan.

Some of your vulgarity is beyond disgusting.

Sun, 03/13/2011 - 18:53 | 1047511 Bob
Bob's picture

Profit may be an inherently vulgar thing.  Trafficking in Japanese corpses certainly would be.  I agree, wouldn't play Japan directly, but I really can't see anything wrong about dealing with the resulting tsunami here.  We've been warned . . . and from every perspective are morally licensed to react. Obligated, maybe.  

Sun, 03/13/2011 - 18:54 | 1047515 Long-John-Silver
Long-John-Silver's picture

This has very little if anything to do with Japan. This is what happens with they manipulate a market until very little of the physical element of that market remains. Physical Silver has been too cheap for far too long. 90% of it has been used up and is sitting in landfills all over the world. Now the game is to hoard what little remains while they continue the failed attempt to keeps it's price low.

Sun, 03/13/2011 - 20:03 | 1047619 pazmaker
pazmaker's picture

Yen is up vs the USD so if you went long yen how is that hurting Japan?

Sun, 03/13/2011 - 20:20 | 1047661 rubearish10
rubearish10's picture

Less return on export trade. This is a capital repatriation ala "risk off".

Sun, 03/13/2011 - 18:46 | 1047489 bernorange
bernorange's picture

Jim Rickards posted an excellent explanation of how endless QE will continue even if "official" QE ends:,_long_live_QE!.html

He explains it again in this KWN interview:

Highly recommended stuff for people to understand.

Sun, 03/13/2011 - 22:21 | 1048207 Diogenes
Diogenes's picture

I read the article and listened to the interview and it appears to me Rickards is counting the same money twice.

He says the principle repayments from the government to the fed are enough to buy 75% of the new debt but where are the principle repayments to come from? The government cannot afford to repay any principle, all they can do is roll it over, in other words repay it from the proceeds of new borrowing.

What am I missing here?

Mon, 03/14/2011 - 17:00 | 1052017 MsCreant
MsCreant's picture

I am leaving this post in case someone answers your good question.

Sun, 03/13/2011 - 18:46 | 1047490 stormsailor
stormsailor's picture

/es took a gap down and went down on volume to 1288.25. now up 1292.25.  big reverse volume on the down candle brought back up the same minute.  looks like the plunge protection team back.

Sun, 03/13/2011 - 19:54 | 1047597 rubearish10
rubearish10's picture

No indication of "real" downward pressure on ES. Too bad, one would think so but it's all about the liquidity "Spigot"! SUCKS, don't it? Given what's been happening lately, even a martian invasion wouldn't hack the S&P!

Sun, 03/13/2011 - 18:50 | 1047502 Bansters-in-my-...
Bansters-in-my- feces's picture


Money that Grows...

Who would have thunk it.

Excellent ,my friends

Sun, 03/13/2011 - 18:51 | 1047505 99er
99er's picture


Head and Shoulders target of 2123.

Sun, 03/13/2011 - 18:53 | 1047513 AndrewJackson
AndrewJackson's picture

Ok, anyone else wondering whether $ 40 silver is coming around in the next two weeks. Any pullback is getting ramped up. On Friday we saw a $ 2 move in 2 hours. Now another surge to near $ 36.50. Someone smells blood and they are going for the kill.

Sun, 03/13/2011 - 18:57 | 1047520 Long-John-Silver
Long-John-Silver's picture

From the looks of this surge it should breach $37 in a few hours.

Sun, 03/13/2011 - 20:51 | 1047835 FeralSerf
FeralSerf's picture

It's been suggested that Blythe is resorting to trench warfare at $37.  Don't expect it to be easy.

But just because she's not easy doesn't mean that she won't go down.

Sun, 03/13/2011 - 20:51 | 1047836 FeralSerf
FeralSerf's picture

It's been suggested that Blythe is resorting to trench warfare at $37.  Don't expect it to be easy.

But just because she's not easy doesn't mean that she won't go down.

Sun, 03/13/2011 - 19:20 | 1047529 speculator
speculator's picture

Once things go parabolic you can't really tell where they're going to end, but you know the move won't last long. 

What's a fair price for silver? A silver dollar has 0.77 oz of Ag, so $28 melt, compared to $1 in the old days. It's said that the FRN is worth 3-4% of 1913 value - 3.5% is 1/28th. So by that measure, silver is no longer cheap here, just fairly priced, but this stuff only matters on the multi-decade scale, and doesn't take into account new discoveries (Nevada cheapened silver) or today's mine depletion. Anyway, in a run like this, who knows where it could stop? 

Sun, 03/13/2011 - 19:42 | 1047574 tmosley
tmosley's picture

Look at worldwide inventories then and now and tell me silver isn't cheap any more.

Sun, 03/13/2011 - 20:33 | 1047710 Reptil
Reptil's picture

Mark to market? You'll have to add a zero to the thousand.

Sun, 03/13/2011 - 19:20 | 1047532 Coldfire
Coldfire's picture

A surge you can believe in...

Sun, 03/13/2011 - 18:57 | 1047522 Bansters-in-my-...
Bansters-in-my- feces's picture

I can't believe that you got junked..LongJohnSilver.

No imagination I guess.

Sun, 03/13/2011 - 19:33 | 1047528 speculator
speculator's picture

Even with gold & silver 80% higher than pre-08 peaks, all the mining indices are either down or just getting back to flat since '08.

Maybe a function of general de-risking in the secular stock bear, but this might be the one place where there's some kind of value available.

BTW, gold explorers were in the dumps 'til last summer, but just killed it from Sept-Oct, and haven't really given up much of that move.

Sun, 03/13/2011 - 19:24 | 1047533 Horatio Beanblower
Horatio Beanblower's picture

"Nicholas Shaxson, journalist, writer, consultant, and author of Treasure Islands: Tax Havens and the Men Who Stole the World, gives an insight into his book, Tax Havens, the UK Banking system, UK Uncut and the mechanics of Tax avoidance."


Part 1 -


Part 2 -

Sun, 03/13/2011 - 19:28 | 1047539 sjradeljic
sjradeljic's picture

The silver chart looks like last weeks adjusted monetary base chart......hmmmm

Sun, 03/13/2011 - 19:27 | 1047540 Temporalist
Temporalist's picture

What are the odss that gold goes up $30, $40, $50 some day in the next 6 months?

Sun, 03/13/2011 - 19:29 | 1047543 Lord Welligton
Lord Welligton's picture

Me again.

Sun, 03/13/2011 - 20:27 | 1047694's picture

Where's the beef?

Sun, 03/13/2011 - 19:34 | 1047548 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Didn't "Wynter Benton" say that only if silver trades above $37 an ounce at some point during March they will call their assault on Blythe a success. Between $33 and $36 is considered a draw.

Well, the time is now Winter Benton. But why stop at $37, continue the good work, make that biatch jump out the nearest window.

Sun, 03/13/2011 - 19:40 | 1047566 dryam
dryam's picture

I've heard that if the price goes over $36 the losses to JP Morgan start going exponential because of their many derivatives that are tied to their silver shorts.  That's why the battle at $36 will be fierce.

Sun, 03/13/2011 - 19:48 | 1047583 DosZap
DosZap's picture

Read the Article on Jesses Cafe, on the left side, he gives exact specifics,according to WB.

Sun, 03/13/2011 - 19:33 | 1047549 mynhair
mynhair's picture

Just don't bump the RUT much.  Missed closing TZA by 2 cents at close.

Sun, 03/13/2011 - 19:38 | 1047565 Onlygold1
Onlygold1's picture

somebody send Blythe an EMP-

Sun, 03/13/2011 - 19:40 | 1047570 Bob
Bob's picture

Bill Nye the Science Guy is on CNN explaing nuclear shit.  This is a real treat==now there's a whacked cat. 

Sun, 03/13/2011 - 19:53 | 1047592 Algoture
Algoture's picture

A lot of volume for this hours, and no follow up for the moment ... I d say a lot of hedge fund take their profits

Sun, 03/13/2011 - 19:52 | 1047595 Bob
Bob's picture

In all of it, however, somehow Martin Armstrong being released from prison seems the weirdest:

WTF?  Is it the End Times already? 

There should be a web ring watching the Denver Airport. 

Sun, 03/13/2011 - 19:53 | 1047600 Waterfallsparkles
Waterfallsparkles's picture

My Cousin's Father 93 years old just bought GLD.

I do not know about you but when you have 93 year olds buying Gld it probably is the time to get out.

I probably should not say anything because I hope he makes money but for someone that is not market savy buying Gld, I do not know.

Sun, 03/13/2011 - 20:02 | 1047618 wretch
wretch's picture

I'm afraid you lack basic reasoning skills.  For your own well-being, stop considering investments and make sure you're surrounded by capable people who can care for you.

Sun, 03/13/2011 - 20:06 | 1047627 Bob
Bob's picture

I'm thinking maybe a guy born in 1918 knows something worthwhile. 

Sun, 03/13/2011 - 20:11 | 1047641 wretch
wretch's picture

No shit.  Listen to your fucking elders.

Do NOT follow this link or you will be banned from the site!