• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Gold Surges To Near $1,250, As Stealthy Flight To Safety Accelerates, Stocks Oblivious

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Tue, 08/31/2010 - 12:29 | 555375 Voodoo-economist
Voodoo-economist's picture

you could at least mention the rather poor volumes ...

Tue, 08/31/2010 - 13:27 | 555579 dlmaniac
dlmaniac's picture

Forget about gold.



Tue, 08/31/2010 - 14:07 | 555696 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

gold jewlry, bitch.

Tue, 08/31/2010 - 14:09 | 555702 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

gold jewlry, bitch.

Tue, 08/31/2010 - 19:32 | 555813 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

short bill that is. can't reach my lips. my other b i l l , oh he can definitely reach my lips. hey i picked up the last 6 holes with a psychotherapist. he didn't think i was too nuts, my little pine nut. actually i told him about mythology that i have been learning from U. i think he was intrigued, me too. kiss kiss. goddess of memory, she R O C K s.

so what,

money fore nothing and junks for free.

L losers, i always do the L oser sign on my fore head. fore skin

get it†

Tue, 08/31/2010 - 22:18 | 556752 mrgneiss
mrgneiss's picture

The only thing that makes sense is that your are transmitting secret codes in your posts.  Or you have some seriously strong weed.

Tue, 08/31/2010 - 22:39 | 556799 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

R U a beaver or a squirrel?

Tue, 08/31/2010 - 22:42 | 556805 mrgneiss
mrgneiss's picture

The midget walks with a limp.......

Tue, 08/31/2010 - 22:51 | 556818 Hephasteus
Hephasteus's picture

This is Kathy's flirting technique. She comes on to two people at once all the time. I think she has serious problems making decisions.

Tue, 08/31/2010 - 23:01 | 556829 mrgneiss
mrgneiss's picture

I can tell you right now Heph, I've tried that technique before, and it just isn't productive, your "targets" like to feel like they are "special", and this technique does not engender that feeling.

Wed, 09/01/2010 - 07:33 | 557168 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

oHHHHH my targets definitely feel they are special. like drop to their knees special. U should c o m e by in person, and see how special i could make U feel. oh, it come s natural. i just love engaging myself with some men. damn i got my command x button, i am free again. R U a beaver?

Tue, 08/31/2010 - 23:08 | 556842 Frank Owen
Frank Owen's picture

hey i picked up the last 6 holes with a psychotherapist. he didn't think i was too nuts, my little pine nut. actually i told him about mythology that i have been learning from U. i think he was intrigued, me too.

Intrigued? I bet that is an understatement. I found the perfect avatar for you...


Seriously, get some help.

Wed, 09/01/2010 - 07:37 | 557170 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

frank i am innocent. i am like an angel. goddess angel. i really don't think i need help. U do. your sick, mostly.

Tue, 08/31/2010 - 14:43 | 555800 papaswamp
papaswamp's picture

Already there....

Tue, 08/31/2010 - 13:40 | 555618 GoldenEye
GoldenEye's picture


GCU10.CMX shows a high of 3,401.50 today whats up with that?

Tue, 08/31/2010 - 14:47 | 555811 tmosley
tmosley's picture

It did that yesterday too.  Probably just a glitch.

Tue, 08/31/2010 - 18:45 | 556441 Spitzer
Spitzer's picture

I am not liking the "flight to safety" title.

Flight to reality or flight to money would be better.

flight to capital....

flight to highly concentrated wealth...

Tue, 08/31/2010 - 12:31 | 555381 silvertrain
silvertrain's picture

And Silver is right in tow..

Tue, 08/31/2010 - 12:34 | 555396 NoBull1994
NoBull1994's picture

Silver isn't "in tow" it is up 2x the percentage as gold is....

Tue, 08/31/2010 - 12:54 | 555454 JLee2027
JLee2027's picture

My Gawd, silver is acting like....


money. Can it be?

Tue, 08/31/2010 - 13:21 | 555556 BlackChicken
BlackChicken's picture

Yes it can...  It always has been money; just don't ask the 'professionals' as they will tell you it is just an overbought commodity.  They want your hard earned buying power locked up in little green coupons that they can debase and erode at will.

Tue, 08/31/2010 - 13:26 | 555576 Joe Sixpack
Tue, 08/31/2010 - 13:32 | 555593 BlackChicken
BlackChicken's picture

Exactly..nice link Joe.

I loved this line at the end: "A family should probably have the equivalent of 1400 ozt. silver or 1400 grams of gold (45.0 ozt), or a combination to make it through the first year of a currency collapse as a minimum."

When I read that I giggled, there is not enough silver above ground to do this for the people living in most states in the US, let alone everyone.  Checkmate.

Here is another link backing this up in a similar but different approach:  http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/8/19_Be...

Tue, 08/31/2010 - 13:36 | 555604 tmosley
tmosley's picture

Must be a hell of a spendthrift if $60,000 of gold is only enough to get through the first year of a collapse.  That amount seems more like one would spend to buy your whole neighborhood and wall it off as your own little duchy.

Tue, 08/31/2010 - 16:50 | 556227 bronzie
bronzie's picture

less than 1 oz of real silver available for everyone on the planet - and I've got at least three ounces so two of you don't get ANY!!!

Tue, 08/31/2010 - 12:34 | 555399 monmick
monmick's picture

Actually, silver is leading the way...

Tue, 08/31/2010 - 12:45 | 555415 Getagrip
Getagrip's picture

I'm aboard...

Tue, 08/31/2010 - 12:55 | 555455 AR15AU
AR15AU's picture

Me too...  core position in phys metal of course...  but took this gamble last week and its doin good.



Tue, 08/31/2010 - 13:32 | 555592 thesapein
thesapein's picture

Indeed, just as it should be.

Tue, 08/31/2010 - 18:02 | 556383 DavidPierre
DavidPierre's picture

For many years it was argued that silver could not be manipulated for any length of time because the market would seize any discount created and trap the shorts. Instead,  many people discounted that any supply imbalance could exist and chose to accept estimated production and inventory numbers that were widely inflated to explain the low market price for silver.

It should be noted that it was mostly smaller speculative interests on the long side for silver. Since the Hunt Brothers were made an example of in 1980 the larger buyers have been discouraged from taking a position in silver.

Buffet made a temporary splash to get in the silver market on a large scale but then he too mysteriously sold out early in the move and for an investor with his legendary skills, one must wonder what may have gone on behind the scenes to prompt him to abandon what has since been a profitable move higher.

On the short side, there is no room for debate. Large players have been active to amass a huge position that is far greater in magnitude than the interest accumulated by the Hunts in 1980. Yet no regulatory enforcement has been directed against those short.

And for the actual consumers of the metal, there will not be any complaints with a low silver price nor any reason to rock the boat or end the manipulation. Lower silver prices are great for industrial consumers that face narrow margins in an inflationary environment.

We have mostly smaller players that want to see silver go higher, and a large entrenched opposition that operates with the blessing of a biased regulatory agency to dictate the terms of the market action. Is it any wonder that silver has been contained in price even as the supply contracts?

The low silver price for many decades has acted to limit exploration and development of new silver resources. Silver is mostly produced as a by-product of other metals. So in time this has worked to undermine the price manipulation that could not be resolved by speculative interests. We are seeing this right now in real time.

The stressed huge short interest against silver is now drawing in the sharks.

For the first time in many years, large spec-players have entered the arena on the long side.

This is exactly how a dynamic market should correct price imbalances, however that normal market function was held at bay by the corrupt regulatory regime.

The finality of dwindling supply is driving market performance.

Today we saw silver under pressure in the early hours of trading and then some very strong buying appeared to reverse the downtrend. It certainly appears that someone is lurking in the weeds waiting for the Cartel to try and pull their usual scam to drive silver lower and run the specs.

They were met head-on by heavy buying.

The inventory of silver at the COMEX is impacted by regular drawdowns and retail outlets for silver bullion continue to report high demand and often a shortage of bullion supply. It is becoming very difficult for the short interest to pretend that abundant silver is available to justify the low market price for the metal when just about every other commodity has gone much higher in recent years.

The perception of the silver market is set for a profound change.

When the shorts fail to contain the price, it will encourage more retail spec buying. When the market comes to understand that silver is not abundant, and that actual world inventory levels are in severe decline, then the race to buy real bullion will further undermine the ability of the Cartel to restrain the price.

The endgame for this intervention is directly ahead. Not heard of a single silver default for an industrial consumer... YET!

Any hint or threat of silver supply problems will immediately encourage silver users to begin aggressively acquiring and stockpiling the metal...

...the final nail in the coffin for the Cartel.

Combined with renewed spec buying, and short covering from the smaller players involved, the rush to buy and take delivery of real silver bullion will swamp the paper market and rapidly drain inventories. Prices for a product in high demand with limited supply MUST rise sharply to correct years of imbalance. Even then, it will take many more years before large new silver production can begin to meet the rising demand.

It is too early to tell if this endgame is now. It is inevitable that the physical market will trump any paper intervention, no matter how coordinated and powerful.

Now for the first time in decades there is a block of buyers on hand that is willing to step up and challenge the entrenched short interests, and there are no convenient large stockpiles of silver to help thwart this new demand.

The IMF has no silver to mobilize. The Central Banks have no silver. The documented bullion held in worldwide inventory is not sufficient to last for even a small amount of real buying pressure.

Can you say game on?

Mexico Mike @ www.smartinvestment.ca


Visited the Canadian Mint in Ottawa,  on Saturday August 28.
Very interesting tour. After the tour we visited the boutique (gold and silver store). The mint had NO silver maple leafs for sale! The sales girl said they wouldn't have any for weeks! We are getting very close to a massive silver shortage!

Viva LeMetropoleCafe !

Tue, 08/31/2010 - 12:31 | 555382 SheepDog-One
SheepDog-One's picture

DOW's got a little 30 point stick save goose from Bernanke, big deal who cares? Probably all be red by close.

Tue, 08/31/2010 - 12:31 | 555383 scatterbrains
scatterbrains's picture

lets not forget crude down almost 3% today

Tue, 08/31/2010 - 12:39 | 555407 Paper CRUSHer
Paper CRUSHer's picture

Thanks for the reminder.I had betta getta checken the ol' Gold/Oil ratio as its been quite a while since i last checked.

Tue, 08/31/2010 - 12:48 | 555432 Paper CRUSHer
Paper CRUSHer's picture

BTW,Natgas looks cheap here.Technicals & other metrics indicate oversold condition.

Tue, 08/31/2010 - 13:04 | 555488 scatterbrains
scatterbrains's picture

the gold/oil ratio at 17ish is suggesting dump gold and buy oil no ?


Tue, 08/31/2010 - 13:17 | 555545 101 years and c...
101 years and counting's picture

its cheap to store gold.  not so cheap to store oil. 

Tue, 08/31/2010 - 13:23 | 555557 Paper CRUSHer
Paper CRUSHer's picture

Hmmmm,better at <15.Ratio range 12-17 over 12 months.Natgas still looking pretty here.

Tue, 08/31/2010 - 13:34 | 555599 thesapein
thesapein's picture

or to trade into silver.

Tue, 08/31/2010 - 12:32 | 555384 jmf
jmf's picture

Moin from Germany,

add these chart to the mix..... ;-)

The Comex gold inventory jigsaw


Tue, 08/31/2010 - 12:48 | 555428 zaknick
zaknick's picture

Thanks for the link!

Tue, 08/31/2010 - 12:32 | 555385 chet
chet's picture

Silver, less affluent bitches!

Tue, 08/31/2010 - 12:45 | 555419 willien1derland
willien1derland's picture

+100 Classic!

Tue, 08/31/2010 - 13:04 | 555490 Hephasteus
Hephasteus's picture


Tue, 08/31/2010 - 13:37 | 555609 thesapein
thesapein's picture

That's got to be my favorite use of the phrase, to date!

Tue, 08/31/2010 - 17:19 | 556301 Auric Goldfinger
Auric Goldfinger's picture


Tue, 08/31/2010 - 12:32 | 555386 romanko
romanko's picture

not to mention silver

Tue, 08/31/2010 - 12:33 | 555387 Ragnarok
Ragnarok's picture

Very nice.  I can here a whole world of people saying fuck it to the current financial/fiat system. When will the first big player make a move to go long bullion (or close out huge short position)?

Tue, 08/31/2010 - 12:49 | 555433 midtowng
midtowng's picture

Have these people forgotten that gold is a barbarous relic? We need to put our faith in our fuedal overlords.

Tue, 08/31/2010 - 15:26 | 555943 nuinut
Tue, 08/31/2010 - 17:16 | 556298 RockyRacoon
RockyRacoon's picture

I wonder how many have actually gone back to the beginnig and worked their way forward?


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