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The Goldman Sack Blows The Whistle On The JP Morgue Silver Manipulation Scheme

Tyler Durden's picture




 

The Xtranormal bubble is now bigger even than Netflix. And all who have been waiting to understand the JP Morgue silver manipulation scheme explained by cartoon bears, here it is. Also, The Ben Bernank makes a cameo appearance. We recommend having some blood in your alcoholstream before watching this.

 

 

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Sat, 12/04/2010 - 11:25 | 778016 Mark Medinnus
Mark Medinnus's picture

Wow, 7 flags: a magic mountain of popular contempt. Sheeples arise!  If only civil disobedience were a keystroke away, then might the banking and political classes sense the ebb and flow of human misery. 

Sun, 12/05/2010 - 05:34 | 779253 w a l k - a w a y
w a l k - a w a y's picture

(8) flags now. WTF?

If only civil disobedience were a keystroke away ...

thanks for your follow up

Sat, 12/04/2010 - 00:08 | 777543 BigDuke6
BigDuke6's picture

Depends on your situation.

If you think the world is gonna go to shit and you like to talk about guns on this website then silver eagles or the your local country 1oz coin is a good start.

they usually command premium prices.

Canadian maples and austrian philharmonics are the best selling in the world so are well known outside usa and will be accepted in thunderdome.

any country which has a history or mines pm's will produce their own coins eg australia, uk and will be good quality.

chinese panda's are the most counterfeited and therefore will command less premium and you need to buy from a trustworthy source as ever.

good luck with it.

Sat, 12/04/2010 - 00:14 | 777552 johngalt34
johngalt34's picture

Thanks for an actual useful reply. 

Sat, 12/04/2010 - 00:31 | 777576 Cheesy Bastard
Cheesy Bastard's picture

I agree with bigduke.  Eagles or Maple leafs, even with a $3 premium will be a recognizable more or less safe buy, and therfore probable easier sell if tshtf.  Pandas you wouldn't buy without sweating, so you couldn't sell them either, perhaps at all. 

Sat, 12/04/2010 - 21:51 | 778814 Arkadaba
Arkadaba's picture

Areed. Buying stuff for the kidlets this year.

Sat, 12/04/2010 - 00:15 | 777553 johngalt34
johngalt34's picture

Thanks for an actual useful reply, bigduke.

Sat, 12/04/2010 - 00:55 | 777614 trav7777
trav7777's picture

sorry, but the Krugerrand is so more widely distributed than any other coin as to render a comparison ridiculous.  Plus, you can carry them without scratching.

If there's a thunderdome, they will quickly go back to crown gold, and there's a reason that sovereigns and krugs are in this karat.

Sat, 12/04/2010 - 01:09 | 777633 Hephasteus
Hephasteus's picture

What the hell happened to you. You make good points now.

Sat, 12/04/2010 - 03:41 | 777821 WaterWings
WaterWings's picture

I missed you.

Sat, 12/04/2010 - 00:57 | 777617 Noob1011
Noob1011's picture

If I may, I have a question,
I have a large assortment of 1880 2.0 gram silver Mexican coins and 1888 silver Alfonso X111 coins are they worth their weight in silver?

Thanks,
KD

Sat, 12/04/2010 - 02:57 | 777785 tmosley
tmosley's picture

At least that much.  They probably have more collector value, though.  I would suggest you ask RockyRacoon if you see him around.  He's a coin dealer, so he might know more.

Sat, 12/04/2010 - 00:50 | 777607 DrFever
DrFever's picture

Silver rounds not backed by a country are bought strictly for bullion value.  You are more likely to get them pretty close to spot plus a buck or two.

Currency rounds usually command a premium because of their Government backing.  Aussie Kookaburra's for example are a bit more expensive because the Aussies limited mintage to 300,000 coins.  CDN Maples carry slight premiums because of their greater pureness to Eagles (9999 vs. 999 silver).  1996 and 1997 CDN Maples were short production years and carry greater premium. Then there are the privy marked Maples, usually for collectors which carry numismatic value to them as well.

If all you want is the metal, then silver rounds produced by a known mint are the best bet.  Got 3 today at pretty at the opening price with $2.00 shipping so, I am even for the day after shipping.  Hope that answers your question. 

All are good for silver.  Investment?  Currency Silver has numismatic premiums.  Rounds don't.  Aussie Kooks and Pandas are nice cause they change the design often making them more desired collectables.  Maple designs are generic with 3 changes over the years to the Queen's bust. However, more desireable becaue of their purity.

Sun, 12/05/2010 - 00:57 | 779035 spdrdr
spdrdr's picture

Dr Fever:

"Aussie Kookaburra's for example are a bit more expensive..."

A "bit" more expensive?

Try 40% premium over spot - my most recent enquiry was AUD $43 for Perth Mint Kookaburras or Koalas, over the AUD $30 spot!

As always, Perth Mint is a rip-off.

Does anyone have any suggestions for importing 99.9% Ag bullion coins from USA/Canada to Australia?

 

 

 

Sat, 12/04/2010 - 00:54 | 777613 Mark Medinnus
Mark Medinnus's picture

Ok, I'm sorry.  BigDuke6 and Cheesy Bastard gave you good advice.  I would only suggest buying some bags of junk silver, ie, 90% silver pre-1965 American dimes, quarters and half-dollars.  Apmex.com and golddealer.com carry them.  Good luck.  Mark

Sat, 12/04/2010 - 23:40 | 778954 Bolweevil
Bolweevil's picture

Go Mark! That's the first "sorry" I've seen in these forums in almost two years (maybe I'm not paying attention, they're rare).

Sat, 12/04/2010 - 03:27 | 777813 FreedomGuy
FreedomGuy's picture

In an economic or currency meltdown it won't matter. People will scramble for any PM to use it as a medium of exchange. In the Weimar Republic you could've bought the whole financial district for about 45 ounces of gold. Maybe only 44 American Eagles? No. I think the premium on coinage is only significant in steadier economic times. However, I defer to anyone who can show prices from perhaps the early 80's or any of the numerous hyperinflation scenarios we've had around the world. Either way you will win. I have bought both.

Fri, 12/03/2010 - 23:40 | 777501 Kina
Kina's picture

Get Ron Paul on to it, and RP for President.

 

WikiLeaks Defended By Ron Paul

The Texas congressman today sent out a note to his nearly 20,000 Twitter followers, defending whistleblowing site Wikileaks in the wake of overwhelming political criticism at its release of thousands of classified government documents. Paul wrote,

Re: Wikileaks- In a free society, we are supposed to know the truth. In a society where truth becomes treason, we are in big trouble.

http://www.gearlog.com/2010/12/wikileaks_defended_by_ron_paul.php

Sat, 12/04/2010 - 17:59 | 778528 Walter_Sobchak
Walter_Sobchak's picture

fuck yeah, ron!

Fri, 12/03/2010 - 23:51 | 777513 The Axe
The Axe's picture

first --these people are awesome----just great content.....next I am long silver eagles at 5.00 dollars large....have been since 1989.. luve it....baby   

Fri, 12/03/2010 - 23:51 | 777514 jtmo3
jtmo3's picture

Anyone else besides me think this might be a setup? Raise silver prices enough to get people to buy until the JP Morgue comes in and shorts haed to knock the price down substantially? Just askin.

Sat, 12/04/2010 - 00:59 | 777619 Mark Medinnus
Mark Medinnus's picture

Knowing JPM's pockets are Fed-deep, this has been a passing thought for me, also.

Sat, 12/04/2010 - 01:50 | 777695 Thanatos
Thanatos's picture

More than passing here.

I saw a vid on Max's site that people were poo-pooing... The guy made some good points.

This video being there prominently show the kind of guy Max is... It is very counter to the JPM silver bullet deal, yet he has it up front.

Max is the Man.

Here is a link to the vid:

http://maxkeiser.com/2010/12/03/fail-1-hunt-brothers-were-trying-to-corn...

Sat, 12/04/2010 - 10:46 | 777990 Mark Medinnus
Mark Medinnus's picture

Thanks for the link, Thanatos.

Sat, 12/04/2010 - 10:57 | 777996 The Rock
The Rock's picture

Max posted to make 3 "FAIL" comments on it. Besides the guy contradicts himself in the video. Also, it's "foot the bill" not "fit the bill".

Sat, 12/04/2010 - 01:30 | 777658 gwar5
gwar5's picture

No. Because this drama has been playing out for a long time (years). This year things came to a head in March when a trader, Andrew McGuire, turned the JPM scheme in to the CFTC.  ZH has followed the story as have a few others.

Every month and week since then, the JPM ability to suppress the price has steadily declined. The big squeeze is just really getting started now.

Check the backstory on Andrew McGuire. It's got some James Bond-like intrigue 

 

Fri, 12/03/2010 - 23:56 | 777528 PalladiumTrading
PalladiumTrading's picture

Our eagles are $650/roll today

http://palladiumtrading.com/buy-precious-metals/

Fri, 12/03/2010 - 23:57 | 777530 something fishy
something fishy's picture

'Some blood in your alcohol stream'....that's a classic!

Fri, 12/03/2010 - 23:59 | 777534 Kina
Kina's picture

We are in the age where the conspiracy theories we make up can't even match reality.

Sat, 12/04/2010 - 14:28 | 778196 Kassandra
Kassandra's picture

My thoughts exactly...

Sat, 12/04/2010 - 00:18 | 777555 watchingdogma
watchingdogma's picture

I can't believe you sheeple don't know to buy the fucking dip.  Just buy the fucking dip.

Sat, 12/04/2010 - 00:32 | 777580 Cheesy Bastard
Cheesy Bastard's picture

 Onion or guacomole or salsa?

Sat, 12/04/2010 - 00:43 | 777597 watchingdogma
watchingdogma's picture

If you have to ask, you're thinking too hard, just buy the fucking dip.

Sat, 12/04/2010 - 01:25 | 777649 redpill
redpill's picture

No blood left in the alcoholstream and I am LOLing, buy the fucking dip you idiot!

Sat, 12/04/2010 - 01:54 | 777698 Thanatos
Thanatos's picture

If there was a label saying "Sheep Dip" that popped up at the right time...

Sat, 12/04/2010 - 12:39 | 778071 1100-TACTICAL-12
1100-TACTICAL-12's picture

i need to quit buying the dip. Copenhagen is 5 fiat's a can. Oh well my silver appreciation covers it..

Sat, 12/04/2010 - 00:23 | 777560 Atomizer
Atomizer's picture

Hate to sound like a broken record, although history speaks in volumes.

The Venetians and the concept of Oligarchy

Kindly read and provide your thoughts.

Sat, 12/04/2010 - 03:27 | 777812 Creepy Lurker
Creepy Lurker's picture

The moment I began to read, my 1st thought was: They are going to regret letting France into that club. (1st tier)

Sat, 12/04/2010 - 00:29 | 777572 Hephasteus
Sat, 12/04/2010 - 00:31 | 777577 LostWages
LostWages's picture

I just shit my pants too!

The ben bernank and the j.p. morgue are priceless.

They should play the "Jump You Fuckers" song in the background.

Sat, 12/04/2010 - 00:31 | 777578 blindman
Sat, 12/04/2010 - 00:44 | 777593 blindman
blindman's picture

they knock the price down.  excellent! 

rinse repeat.   you see?  don't sell.

.

http://www.kitco.com/charts/livesilver.html

Sat, 12/04/2010 - 00:43 | 777595 chinaguy
chinaguy's picture

Ummm, I'd like a bit more than the say-so of a couple of talking bears before I'd concede that BB picks up the phone to JPM and lets them know he's sending them cash to short the silver market.

Just saying, a few facts would be nice...thats all

 

Sat, 12/04/2010 - 09:40 | 777942 chinaguy
chinaguy's picture

Nothing you have linked to is: a) new material b) supports any direct collusion between BB & JPM - That JPM has been supressing silver prices is so 2007.

Sat, 12/04/2010 - 16:57 | 778237 blindman
blindman's picture

never mind 2007, it is so 1913.  but i will look around for new

and related information to post.  -)

ps. you already know, but, the fed system of fiat currency

with  fractional reserve lending requires inflation and a

precious metal money system does not satisfy the expansionary

requirement.  the fiat money "system", from creation to regulation

collapses if the population does not adhere to the payment and

use schedules.  precious metals as substitutes interfere with the

transactions and increasingly as the metals value increases.  that

seems like the facts and as such BB must collude with JP to do

exactly what is claimed.  it is a systemic necessity.  no proof

needed, it is just happening and everyone knows it.  it is the way

it is.  ?

http://maxkeiser.com/2010/12/04/crash-jp-morgan-buy-silver-funny/

Crash JP Morgan Buy Silver. Funny. December 4th, 2010 by maxkeiser
Sat, 12/04/2010 - 17:59 | 778529 chinaguy
chinaguy's picture

Son, you sound sincere, but realize you are chatting w/ someone who has been in & out of PMs since the early '70's...I'm guessing since well before you were born.

"no proof needed, it is just happening and everyone knows it." Well, perhaps if you are talking about Gravity, but you are talking about an esoteric conspiracy theory...& well, if you trade on it...just make sure that your trade is hedged.

& for what it's worth I back up the truck on silver $10-11 & gold @ $750

Sat, 12/04/2010 - 23:25 | 778636 blindman
blindman's picture

are you saying that you would buy silver at $10-11 dollars an oz.?

with the amount of "money" in the systems and or credit you

will not be alone should the price go there! 

i don' t think it is an esoteric conspiracy that jp is naked short selling

derivatives of silver,  it is just a very "profitable" scam that has the

effect of delaying or controlling price discovery. 

http://dailyreckoning.com/seriously-underpriced-silver/

the second thing is that bb, the fed, by systemic design and

emergency, now always, backs up jp 's truck to the treasury

daily at the taxpayer's expense,  that is out in the open and

not esoteric or a conspiracy.  the missing element is whether

bb instructs jp to suppress pm prices by naked short selling?  ,

but it doesn't matter.  jp makes the money and no regulatory

authority has stopped it.  bb enjoys the power of being a

"war time" fed chairman,  (unlimited power) ,  handing out free

money to the richest people in the world.  (the needy).  thereby

further indebting the populations in fiat debt requiring further control

and austerity and regulation and programs of prescribed conformity

and modified behaviours, etc.. 

the current fiat fed system has failed due to its structure and abuse.

( requiring systemic moral hazard and fraud ).

not a conspiracy, just a fact, mathematical, like gravity.  the illusion

of its viability at this time would be threatened if pm pricing diverged.

conflict would surface over every stash ...... ?  

or, perhaps, every complex system appears to perform like a conspiracy

as the complexity and scale render comprehension impossible.  and we

only speak of something as a conspiracy when we experience the

negative effects, otherwise it is just an ongoing concern? b as usual....

ps.  i'm a bit older than you might think, for the recordless record.  

pps. i spoke to a dealer the other day who told me this price suppression

and short selling deal has been going on forever and will continue to

go on because they will do everything they can to keep the business

profitable and ongoing.  margins, security, delivery hiccup / charges / insurance

fees ..whatever it takes. ?    beats me but ..... we will see.  if i see anything

new i will post, somewhere.  the thing seems to be the people,  the key

missing ingredient.  self

here, hear this!  speaking of conspiracy in broad daylight.

http://maxkeiser.com/2010/12/04/ote85-on-the-edge-with-greg-hunter

ppps. it is a political movement based on an "if" but that is life in general

anyway.... and you can't spell if without i,

aye....etc

Sun, 12/05/2010 - 11:20 | 779424 chinaguy
chinaguy's picture

No, I started loading up the truck in 2007 when silver was still $10. I'm fully allocated into PM's now and will not overweight further.

Yes, JPM clearly uses discount window & POMO-spun money to short silver...but that is VERY different from receiving clear marching orders from BB. Anyone proving that link would probably disappear beforehand, so it has not yet been established - QED.

My crystal ball says that JPM will be just fine, because they are so deep in bed w/ the govt  they are VERY TBTF.

Furthermore, PM's are currently trading like a high beta stock first and a commodity 2nd. When the equity market crashes, PM's will get pulled down with it. I'd suggest waiting to expand your position until then, unless you really expect (It's really different this time -LOL) the silver market to explode...and you don't expect the equity market to crash.

Mon, 12/06/2010 - 00:28 | 781183 blindman
blindman's picture

thanks for your comments .   i wonder,  what is your sell

price on your position?  or when do you start selling?  

thanks.

Sat, 12/04/2010 - 09:56 | 777950 Apostle of Unknown
Apostle of Unknown's picture

Exactly... There are a lot of solid pro-silver facts, of which the concentrated shorts story is definitely one.

But every time I hear the latest version of this "short squeeze imminent" story, it seems to get embellished with crazier and crazier connections and unrealistic expectations. Now there's a direct line from Bernanke to JPM? Where's the evidence??? WHY the fudge would a guy like Bernanke take any interest in actively shorting silver?

Also, all these London traders (2 weeks ago they were still Asian?) that are supposedly standing ready to smoke out JPM? Sure open interest (on Comex?) is high, but I've heard nothing of this outside a few websites. Eric King should search for their names, get interviews and let them talk about the amount of client money they are prepared to burn until JPM folds. Maybe we can also get them to clear up for once and for all whether this thing operates from the London exchange or from the Comex... And so many other vagaries.

I agree that silver will do well, probably with a few discouraging bumps in the road ahead. But if you're the kind of guy who lets a bunch of bears goad him into buying silver at $30 on the ounce expecting $80 "soon", any chance of actually making in any market would be pure coincidence.

Sat, 12/04/2010 - 00:42 | 777596 Apocalypse Now
Apocalypse Now's picture

Watch this, it is related and fun for the weekend:

 

http://www.youtube.com/user/infomaticfilms#p/a/u/0/w9hl__A1BOA

Sat, 12/04/2010 - 03:50 | 777824 WaterWings
WaterWings's picture

!!!

We [I] need you back. Fffn' A! that was a great video.

However, it is worth noting that in yet-to-be-published parts of the cablegate archive there are indeed references to UFOs.

 

http://www.zerohedge.com/article/complete-transcript-assange-guardian-livechat-and-possibly-one-his-pre-arrest

Didn't anyone else consider this the most f'd up part of the perfectly scripted 'final' interview?

Sat, 12/04/2010 - 09:14 | 777927 Apocalypse Now
Apocalypse Now's picture

Exactly Water Wings.

His comment on UFOs might actually be the exposure of the UFO Agenda itself and the governments planned use of it, OR he might be an intelligence agent:

  • Way too much MSM coverage and he is alive - potentially controlled opposition
  • Me thinks they doth protest too much to build credibility ex-USA for future info
  • Nothing unfavorable about the strongest ally of the US in the middle east
  • If he releases bank information on BOA or Wells Fargo then he can be an agent of the international bankers - they are not in the NY club. 
  • Pakistan felt it was mossad/CIA to release embarassing info on M.E. leaders/infighting

We are being inundated with sci-fi propaganda of alien invasions.  Everyone just watch how many movies and TV shows are coming out about aliens or human like creatures - just watch the programming/brain washing in movies and TV.  The Event, V, Men in Black III, and many many more 0 

Reagan gave six speeches at the UN where he mentioned aliens and he said if mankind was threatened by aliens we could have a one world government where everyone came together to defeat them.

Look for a fake alien invasion like war of the worlds but with visuals projected with 3D holograms into our skies (not sure if you saw the latest Japanese rock singer on tour - a 3D hologram lead singer with real humans as the rest of the band).  Perhaps Operation Blue Beam.

Global warming was found to be a hoax and did not accomplish their aim of one world government taxes and income distrubtion through carbon credits - perhaps global alien invasion will.  If people in the developed world actually believe the fake alien invasion my belief in humanity will be dashed, despite knowledge of the IQ bell curve.  Just for the record, crop circles are also man made - videos exist of good geometry students using rope and board segments at night and measuring off distances to create elaborate designs in the crops.

Military technology is decades ahead of civilian technology.  Lights in the sky and Area 51 are primarily new aircraft.  We have helicopters with noise cancellation blades that make them very quiet, new jet propulsion engines, missiles that look like jet liners, and jet liners that can be piloted by remote control, but few people know about it. 

I am most concerned about the mad bio-pharma scientists and what they might be trying to create (Island of Dr. Moreau).  Animal and human DNA is being mixed, goats crossed with spiders web making ability within the milk, and plant and human DNA - they are currently testing rice with human breast milk proteins that they say will benefit children with flu like symptoms.  GMO plants, increasing cancers, and food alergies could be linked.  Biological experimentation on citizens without their knowledge and consent is still legal.  These developments are well established and are not a stretch of the imagination - google is your friend for doubters.

Sat, 12/04/2010 - 10:33 | 777979 nmewn
nmewn's picture

"Global warming was found to be a hoax and did not accomplish their aim of one world government taxes and income distrubtion through carbon credits..."

Never any doubt here.

What every living thing with lungs breathes out is going to destroy the fucking planet?...ROTFLMAO.

Only Goldman and Gore could come up with something this damned stupid to sell off to the gullible without a trace of guilt.

http://www.realestatechannel.com/featured-columnists/celebrity-homes-column-al-gore-tipper-gore-oprah-winfrey-michael-douglas-christopher-lloyd-fred-couples-nicolas-cage-peter-reckell-kelly-moneymaker-2525.php

Sat, 12/04/2010 - 12:46 | 778081 1100-TACTICAL-12
1100-TACTICAL-12's picture

I totally agree, these sick fuckers are always up to something,no doubt about it...

Sun, 12/05/2010 - 11:20 | 779425 nmewn
nmewn's picture

The line of people with their hand held out no longer goes just around the block...it stretches from DC to NY to the now dead (thankfully) Chicago CCX market.

An absolute tribute to the hubris of central planning and the denial of reality...right up there with "shovel ready jobs".

Sat, 12/04/2010 - 12:41 | 778075 Ahmeexnal
Ahmeexnal's picture

Seemed just natural that while discussing sociopaths, Assange should be mentioned.

The sheeple think he's the second coming of Jesus effing Christ! He's been sitting on a BAC hard drive and has allowed the looting to go on, yet he is deified by the same masses that are beeing fleeced.  He's evidently on TPTB's payroll. Either that, or a lot of money is being negotiated for the really important information on that drive, and an accord has still not been reached. 

Expect the "leaked" "information" from that BAC drive to be no more than breadcrumbs for the sheeple to gloat on, just like the rest he has released. The information that will be "leaked" will set in motion events TPTB have planned for and need to distance themselves from, hence the need for an Emmanuel Goldstein/Julian Assange. And oh, yeah, your Norton won't detect the stuxnet-ish code being dished out from those sites you think are "on your side".

Sat, 12/04/2010 - 00:46 | 777599 rocker
rocker's picture

Thanks ZH and Tyler Durden.  This is just too funny. "Just buy the fukn dips"   "I just shit my pants....again"

Next time I watch these, I will not have food in my mouth. Spit a baby carrot out so fast. Dog ate it.

And I had tears from laughing.  It's been a while since I cried from something so funny. 

Sat, 12/04/2010 - 01:17 | 777618 revenue_anticip...
revenue_anticipation_believer's picture

re: Retail buyer Silver speculation, Just a 'pretend/lets pretend session' 

Silver and the Hunts 1980....the 'silver bond', attempt to reestablish a monetary metal backed 'paper money' you know...the up til 1966 or so the 'Silver Certificate $1 paper money' study up, be a student of that time, what happened to whom...understand that a limit-stop order will not protect you on the downside...then 1980 it was $50 => $10 NO GAPS, no sales in between at all...(something like that, you read the details, i present the concept)

Q0 these criminal facts will cause a silver stampede...and price discovery will reflect THAT stampede...not necessarily the future-stabilized price...after the stampede...

Q1 'criminal facts' innocent til proven guilty...so naturally the commodity exchanges, EVERYWHERE in the World will be closed...regards further trading "until a stabilized market condition is possible"....in WW1 1914, the USA markets were closed for 6 months...war necessity and 'preventing evil speculators interfering with purchase of war materials.

Q2 civil + criminal court proceeding, would be multi-country complicated....AND WOULD DISTURB THE NORMAL COURSE OF BUSINESS DURING THIS UNSTABLE TIME...so NATIONAL INTERESTS DEEM that ANY action be taken 'Internationally'  

Q3 International/coordinated tribunals...that will take 'some months'  ( about 2 years, say) meanwhile, some "totally unrelated" International War Provoking Incident will occur...in which the USA will declare that ALL silver related evidences be submitted thru MILITARY/DEFENSE DEPT VETTING...and Secret Memos will be signed by Obama regards the necessary legal chain of authority...Silver will be 'legally declared a strategic war material' to be stockpiled and therefore purchased by the USA government, at 'fair market valuation'

Q4 Weapons/Industrial/Jewelry uses of Silver will go thru Wartime rationing boards, and also obtainable via BlackMarket sources...Speculative holding = hoarding of Silver AGAINST THE NATIONAL INTEREST will be declared illegal, a felony over a certain amount...and a double felony if BlackMarketeer...which will be 'defined legally' as ANYONE selling to ANYONE else without a license to do so, and without submission of Federal Documentation regards amount, % purity, price and true owner identities...and OBVIOUSLY no 'international sales' for instance crossing over to Mexico with a trunk full of Silver...confiscated...

Q5 JPMorgan and Others CME, etc will have a perfectly good reason for shorting silver, Silvere that  they did not possess perhaps a 'custody agreement' showing possessionand ...perhaps a 'SECRET AGREEMENT' with the Federal Reserve (classified top secret, so no open court sessions)

Q6 ---- don't act on the information, and consequences you think you know/have regards Silver....you WILL be screwed...stand aside..

Q7 Sheep, you are 'THE loser at the table', know your station in life.

 

 

 

 

 

 

 

 

Sat, 12/04/2010 - 01:31 | 777663 blindman
blindman's picture

this is why we must be warriors for peace.  it is physics

Sat, 12/04/2010 - 02:00 | 777707 Thanatos
Thanatos's picture

wow

Sat, 12/04/2010 - 03:01 | 777790 jomama
jomama's picture

not that far off to imagine...

Sat, 12/04/2010 - 03:15 | 777807 drwells
drwells's picture

My thoughts as well. JP Morgue will never have to cover those shorts in any "market" we've ever heard of. There are no fucking markets now, just gumnut diktats.

Sat, 12/04/2010 - 10:56 | 777995 Mark Medinnus
Mark Medinnus's picture

Well stated.  'Money' is just electronic impulses, and the Fed is impulsive.  My question: when will real shit hit the fan?  In the mean time, my wife serves our evening food for thought on silver sporks.

Sat, 12/04/2010 - 01:18 | 777645 JimSmithAZ
JimSmithAZ's picture

Hey Guys,

What's you favorite/trusted place to buy gold? I heard some good and bad ones about Kitco.

I know most of you prefer to posses it physically, rather than buying paper gold, or keeping it in custody of some firm. So I won't ask that question.

But I read in comments some days back, that the wise people prefer bullions over coins, what's the logic behind it? I mean, if the prices are comparable, and the purity is comparable, aren't coins easier to manage?

Sat, 12/04/2010 - 01:28 | 777655 redpill
redpill's picture

Local shop, buy 1 ounce coins with cash, is beat.

Otherwise. APMEX.com is great, but there is a paper trail.

Sun, 12/05/2010 - 11:26 | 779426 chinaguy
chinaguy's picture

Yes, Tulving, it an old guy & his sons. They sleep on a couch & wake up to answer the phone. Never any problems w/ them &  very loosey goosey about record keeping

Sat, 12/04/2010 - 01:48 | 777693 Kina
Sat, 12/04/2010 - 01:55 | 777700 Thanatos
Thanatos's picture

apmex

NWTM

dats all

Sat, 12/04/2010 - 03:43 | 777822 FreedomGuy
FreedomGuy's picture

Here's my thinking. Larger bullion like 10oz and 100oz bars are nice if you want to turn larger amounts of money into cash and stockpile it i.e, turn your debt FRN's into real money in your 401k. In the event of an economic meltdown you will need rather small subdivideable amounts of PM's. Silver will be better than gold because of it's lower per ounce price. Think of it if you went into a supermarket and paid in metals. If you hand the guy a 1oz gold coin he will need to make change for a $1400 bill/unit. A $30 ounce of silver will be easier. In fact, you will want even quarter ounces because the value will be so high. Dividing bullion is easy and you can buy some that is creased already for subdivision. The value of an Eagle or Maple will not matter as neither is actually currency based on face value or ability to use it in the market. Take an Eagle into Walmart and see what you can do with it. Take a 1 oz bullion. No difference. I suspect there will be no difference in hyperinflation either. If you're talking rare coins then that is different but that is a collectors' market and a different beast. So, my thought is look at how much money you have to spend and what you are preparing for. In general, hold a lot of different weights and more than one type of PM. I cannot see bullion or coins which are not really coins in a market sense being significantly different in a meltdown. I'm open to other opinions.

Sat, 12/04/2010 - 04:34 | 777846 JimSmithAZ
JimSmithAZ's picture

I see your point of having it in smaller pieces so that those can be easily traded when time comes.

I think the coins of Maple or Eagle cost little more than the plain bullion (manufacturing costs, may be); so for investing a big chunk a bullion will be better.

Another argument could be, instead of buying a big chunk in one go, if small pieces are bought over a period of time, then there are better chances of spreading over a range of prices.

Thanks all for your valuable suggestions. Really appreciate those.

 

Sat, 12/04/2010 - 01:34 | 777667 gwar5
gwar5's picture

That was too funny. Thanks.

the JP morgue

the Ben Bernank

the goldman sack

Sat, 12/04/2010 - 01:38 | 777679 bigdad06
bigdad06's picture

Very funny video! Love it! Here is another one to check out! http://www.youtube.com/watch?v=ipZEXNTg7SY

Sat, 12/04/2010 - 01:51 | 777697 Arkadaba
Arkadaba's picture

I have been sending these vids out and getting a really good response even from non-market people or those who had previously drunk the kool-aid. They are very astute and very funny if you like snarky humour (which I do :)

 

Sat, 12/04/2010 - 21:17 | 778769 Arkadaba
Arkadaba's picture

 

*

 

Sat, 12/04/2010 - 02:01 | 777709 Atomizer
Atomizer's picture

This may seem off topic, however there is parallelism.

 Where the IMF Gets its Money

 Most resources for IMF loans are provided by member countries, primarily through their payment of quotas. Since early 2009, the IMF has signed a number of new bilateral loan and note purchase agreements to bolster its capacity to support member countries during the global economic crisis. Multilateral borrowing arrangements provide a further backstop to Fund resources. Concessional lending and debt relief for low-income countries are financed through separate contribution-based trust funds.

http://www.imf.org/external/np/exr/facts/finfac.htm

This is no different than your broke municipalities setting up traffic stings to generate needed revenues.

Sat, 12/04/2010 - 05:40 | 777871 honestann
honestann's picture

Actually, it seems worse than that.  If the IMF gets its money from countries, then lends it back to those countries... how the hell does that help anyone (except the IMF who presumably keeps [some/all] the interest paid on those loans)?

Sat, 12/04/2010 - 02:07 | 777716 Arkadaba
Arkadaba's picture

And thanks for the recommendation regarding imbibing alcohol. I really laughed out loud.

The combination of factual info coupled with sarcasm suggests that it is a ZH person who is making these? 

Sat, 12/04/2010 - 02:20 | 777741 Hephasteus
Hephasteus's picture

Uhh. I can't sleep and the price of gold is going ape shit. I bet it tears the roof off the world by monday night.

Sat, 12/04/2010 - 02:34 | 777753 UncleFurker
UncleFurker's picture

Another 5 silver dollars arrived in my mail today - cost me $58.50 all up, incl. shipping :)

http://silver-dollars.com

Can't beat $11 a coin!

 

 

 

 

Sat, 12/04/2010 - 15:59 | 778337 goldsaver
goldsaver's picture

Pyramid Scheme. No thanks.

Sat, 12/04/2010 - 19:06 | 778609 Thisson
Thisson's picture

This is a scam.  It's not $11 dollars a coin, it's $52.50 per coin, when the coins normally retail for only $32 each. 

Sat, 12/04/2010 - 21:04 | 778755 Crisismode
Crisismode's picture

It's a scam.

 

Did you see the "Subscription Price"?

Sat, 12/04/2010 - 03:11 | 777800 drwells
drwells's picture

Please correct me if I'm missing something here.

http://stockcharts.com/h-sc/ui?s=$SILVER

1. Silver hits $29.

2. TPTB panic and use a surprise silver margin hike to beat the price back.

3. 3 weeks later, silver is back at $29.

4. Oh shit.

Sat, 12/04/2010 - 04:04 | 777833 UncleFurker
UncleFurker's picture

 

Yeah.

How many times can they do that until they run out of margin?

It's just another "kick the can down the road" measure.

 

Sat, 12/04/2010 - 05:38 | 777870 honestann
honestann's picture

They can kick it down the road until there is no leverage left in the silver market... at which time we laugh our asses off because the leverage is the only way scum like JPM have to manipulate the market.

Except, of course, if JPM reverses their game, buys twice as many long positions as they have shorts, and makes a killing as that causes the price of silver to rocket to $1,000 per ounce (and gold to $20,000 per ounce).

Do NOT think that cannot happen folks, so buy your silver and gold NOW NOW NOW.

Sat, 12/04/2010 - 11:15 | 778014 Croesus
Croesus's picture

I don't remember where I read it, or who said it, but one of the market commentators said that exact thing (GATA, maybe?):

JPM will settle for shorting activities in the silver market, and pay a huge fine. Then, they will take a huge long position in silver, and clean up on the order of multiples of whatever they paid to settle their short call.

Sat, 12/04/2010 - 18:15 | 778546 drwells
drwells's picture

Yep. People who expect JPM to be blown out of the water upside down are making the same mistake I did after the housing bubble finally burst. Namely, forgetting that there's one set of rules for criminals, and another for everyone else.

Sat, 12/04/2010 - 22:15 | 778853 tmosley
tmosley's picture

It hardly matters what happens to JPM.  No-one is playing this by sorting JPM.  They are playing it by going long physical silver.

JPM won't keep silver down any more than they could keep home prices up.

Sat, 12/04/2010 - 03:14 | 777805 What_Me_Worry
What_Me_Worry's picture

The Ben Bernank.  I laughed every time.

Sat, 12/04/2010 - 04:18 | 777841 KTV Escort
KTV Escort's picture

gotta love that the household perception of the criminal bankster scum is becoming just that, and that of clowns as well ~ ZH articles are regularly linked to on Facebook, blogs, other finance sites... the ugly truths are beginning to go viral... kudos to those who can package it with creativity, wit, and clarity.

Sat, 12/04/2010 - 04:34 | 777845 JimSmithAZ
JimSmithAZ's picture

good video that was. :)

Sat, 12/04/2010 - 04:50 | 777856 Grill Boss
Grill Boss's picture

So let me get this straight when the market crashes and EVERYBODY has to sell to meet margins and when they do that they need MASSIVE AMOUNTS OF DOLLARS (WHICH THE BANKS HAVE) Somehow the demand for dollars will decrease? which will allow this parabolic rise in silver? Does this make sense?

and the fact that Maybe %20 of the worlds silver is available to the gen public will allow it to become a currency over other things? Or that silver will somehow be more valuable than a rifle and a MASSIVE supply of BULLETS (of silver) Isnt it that there are roughly 80 million guns in the USA? Does anyone really think that silver owners are over 1-2 million people? (not counting chains etc.)

Think people. If it is that this is going to happen would it really matter if the markets that no one trusts anymore have silver at $50000000000? And that this item in question has no ability to be a currency (now that 335 million people are in usa and 7 billion globally)

Especially since elite own likely %80-90 of the known and unknown silver and gold? would it be that if this became currency they would magically after 100's or 1000's of years give it back to the commoners for "use" or might it be they would use the control of their amries to get this high priced unit of value (like they do with oil and drug producing COUNTRIES?)

Hence at such a time would you not rather a gun than a coin or bar?

Take down JPM be prepared for what is next, dont bet on silver making you RICH or keeping you alive as alive will matter more than richness and those that are rich may not stay alive long. Unless they can feed themselves or others to protect them, with ammo or otherwise

 

INVEST WISELY 

Sat, 12/04/2010 - 05:35 | 777869 honestann
honestann's picture

You make many wrong assumptions.  The video is not about crashing markets, it is about forcing JPM to cover their massively leveraged shorts, which have been manipulating the silver market for years.

The elites to not hold anywhere near 90% of silver and gold, especially if they find they cannot recover all the gold they leased out to suppress the price.  They'll need to accept fiat paper settlement, which is appropriate, since that exactly the same scam JPM has been pulling for many years.

There is plenty of gold and silver to become the universal money of all countries... just not at current prices.  But that makes no difference whatsoever.

Yes, silver bullets are a great investment, as long as they fit your guns, and as long as you have an appropriate knife to cut them out of your victims after you shoot them.

You're quite wrong about gold advocates... typically they encourage ownership of guns, ammo, seeds, farmland, productive equipment and supplies, and all sorts of real, physical goods... just NOT paper assets, and especially fiat paper assets.

Sat, 12/04/2010 - 08:02 | 777903 nmewn
nmewn's picture

"There is plenty of gold and silver to become the universal money of all countries... just not at current prices."

Exactly.

When a hundred dollars buys a pack of gum but a few coins buys the entire store maybe they will understand.

But I doubt it.

Sat, 12/04/2010 - 05:59 | 777879 AgShaman
AgShaman's picture

Puppy Bears/Sheep.....late to the party

Sat, 12/04/2010 - 07:17 | 777888 BennyBoy
BennyBoy's picture

Have you sheeple ever heard of "Force Majeure"?

The Comex will be declaring it soon to prevent the collapse of their silver scam.

Oh, and margin rates are going to go up again.

Soon you will have to put up 150% on margin for a silver contract.

Sat, 12/04/2010 - 10:29 | 777973 chubbar
chubbar's picture

When margin rates hit 100% the fraud stops, at least on comex.

If there is no leverage but still delivery risk at Comex (due to allegations of naked shorting), the investment world will turn to vehicles that hold actual silver to avoid the delivery risk, either taking physical delivery or buying a sprott vehicle(PHYS, PSLV), etc., that holds the actual physical.

This increased demand for actual silver from a 100% margin reqm't will hasten the downfall of the Comex and it will reveal that it is not in fact a pricing mechanism but rather a vehicle to suppress the price through unlimited naked shorting and other derivative type schemes.

The same for holds true for gold as well. Although since Central Banks hold gold and could still sell physical into the market if they chose, it could take longer for the gold scam to unravel.

 

Sat, 12/04/2010 - 15:48 | 778314 gwar5
gwar5's picture

Gamed thought of that, too... but think it would only make it worse for them. No?

It would trigger a panic for the rest of the world to immediately hoard, mines/output nationalized? 

Prices skyrocket? Opposite of desired result?  Confiscations would do the same thing. 

 

Sat, 12/04/2010 - 16:57 | 778425 Calculated_Risk
Calculated_Risk's picture

Force Majeure does not cover criminal acts.

This is a criminal act on several levels -> RICO.

Sat, 12/04/2010 - 22:20 | 778860 tmosley
tmosley's picture

Force majeure IS the end of the silver scam.  That is the definition of a default.  Whether or not they are allowed to continue operations afterwards is another matter.

NOTHING can stop the advance of silver prices, any more than anything could stop the decline of housing prices.

Sun, 12/05/2010 - 00:56 | 779033 blindman
blindman's picture

wow, i had that same inverse relationship flop around

in my dog's breakfast,  it must be true.

i must make another order immediately. 

i will let the the whims decide. ......................................................

Sat, 12/04/2010 - 09:36 | 777889 Goldenballs
Goldenballs's picture

J.P.Morgan purchase £1 Billion of Copper on LME,50 - 80%  of Copper reserves held yesterday.So totally in the shit,trying to corner the Copper market to counterbalance ? See the Telegraph website for story.

 

 

American investment bank bought up more than half the copper on the London Metal Exchange, pushing the spot price to its highest level since the financial crisis in October 2008.

THEY ARE IN SO MUCH TROUBLE THEY ARE CORNERING THE COPPER MARKET TO TRY AND GET OUT OF IT.

Sat, 12/04/2010 - 21:29 | 778780 TheGoodDoctor
TheGoodDoctor's picture

Well let's raise the margin rates on them then.

Sat, 12/04/2010 - 21:32 | 778788 ViewfromUnderth...
ViewfromUndertheBridge's picture

I see it as tit for tat...Asian traders thru London (China) buying physical silver...JP Morgan (USA) buys copper...trade war!

Sat, 12/04/2010 - 21:57 | 778821 Goldenballs
Goldenballs's picture

Seeing as China has been stockpiling copper for years,is it not conceivable that if China started to release Copper onto the markets that could also take down J.P.Morgan ?

Sat, 12/04/2010 - 07:46 | 777895 Rudeger
Rudeger's picture

http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?cata...

 

American Eagle Silver Uncirculated Coin

Production of United States Mint American Eagle Silver Uncirculated Coins continues to be temporarily suspended because of unprecedented demand for American Eagle Silver Bullion Coins. Until recently, all available silver bullion blanks were being allocated to the American Eagle Silver Bullion Coin Program, as the United States Mint is required by Public Law 99-61 to produce these coins “in quantities sufficient to meet public demand . . . .”

Although the demand for precious metal coins remains high, the increase in supply of planchets—coupled with a lower demand for bullion orders in August and September—allowed the United States Mint to meet public demand and shift some capacity to produce numismatic versions of the American Eagle One Ounce Silver Proof Coin.

However, because of the continued demand for American Eagle Silver Bullion Coins, 2010-dated American Eagle Silver Uncirculated Coins will not be produced.

The United States Mint will resume production of American Eagle Silver Uncirculated Coins once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products.

Sat, 12/04/2010 - 09:09 | 777922 ElGuappo
ElGuappo's picture

Since I bought my siver  ( about 1K ounces in assortments of rounds and bars)Between $10-12 an ounce I'm set. If they tank it ?

Hopefully it will just be another buying opportunity for me. I also have about 500lbs of sterling picked up from all over the past few yrs.

Sat, 12/04/2010 - 09:14 | 777926 GetZeeGold
GetZeeGold's picture

 

Hi......I'm Jon Nadler......welcome to Walmart.

Sat, 12/04/2010 - 21:33 | 778790 Crisismode
Crisismode's picture

Hi, I'm Jon Nadler.

 

I will say whatever my Kitco bosses tell me to say.

 

Always and forever yours,

 

Jon

Sat, 12/04/2010 - 09:34 | 777937 tpbeta
tpbeta's picture

Now JPM are trying to corner the copper market. Smells of desperation.

 

http://www.telegraph.co.uk/finance/newsbysector/industry/8180304/JP-Morg...

Sat, 12/04/2010 - 09:50 | 777948 tradewithdave
tradewithdave's picture

We first started blogging about the situation in the precious metals market back in April 2010.  We have posted a series of links to blog entries for folks who want to gain some background on the CFTC, Andrew Maguire, etc.  There are a few things to consider for those who are motivated by what we're calling "Two Bears Attempt A Physical Short Squeeze On Goldilocks" video above.  First, ratios work in two directions.  Not only have there been huge swings in the ratio of gold/silver, a decline in the price of gold also results in a move towards the historical 16:1.  Secondly central banks are not allowed to hold silver on their balance sheets so although it is a great store of value the biggest, baddest players in the game won't be accumulators but they might be co-conspirators in sabotaging the short squeeze for the benefit of their partner "short P. J.'s" as we have come to know the Fed's preferred partner.  Thirdly, although there is consistent history of gold confiscation by the government, there's nothing to say that the same could not be applied to silver.  Times are different now and the net effect would probably drive up the price, but knowing who owns silver would not be hard for the government to uncover.  Outlawing its use in commerce would be cake for this administration.  Fourthly, as is always the problem with precious metals, we describe them as similar to cats and security guards... nice to have around, but expensive to keep and non-producers.  In practical terms they don't possess the trading ability for goods and services as say a gallon of gasoline, a load of copper piping or a warehouse full of fertilizer. 

It would seem to me that the key driver behind the price of gold is governments and central banks.  If the dollar was being debased, which we believe will happen eventually then why aren't other commodities reflecting comparable values to gold.  Is the global economy so bad that we have excess basic commodities.  How much of the current price of gold and how much of the "two bears physical short squeeze silver strategy" is driven by requirements placed on central banks, fear, and general populist rage at banks like J. P. Morgan and Goldman Sachs. 

For what it's worth, we're predicting $5,000 as the target price for gold in conjunction with the implementation of a new basket of reserve currencies along the line of SDR's.  What we aren't predicting is when such a mechanism may become reality.  It could be a generation, or it could be next year.  Max Keiser's "Crash JP Morgan/Buy Silver" meme is no doubt rising in the global consciousness.  As a weapon of economic challenge to the establishment it is indeed a brilliant and non-violent approach to an otherwise "greased-watermelon in the swimming pool" of a problem.  It does so much more than breaking glass windows in the fronts of bank buildings.  As an investment strategy it is not without significant risk.  As a political movement it is genius.  The more successful it is politically, the more likely that the price will eventually collapse through a global effort to emasculate the silver bullet.

For a link to a serious of what's happened in this movement over the past seven months click here:  First story April 2010: http://tradewithdave.com/?p=341

Series of follow-up posts on gold and silver: http://tradewithdave.com/?s=maguire

Caveat emptor,

Dave Harrison

www.tradewithdave.com

Sat, 12/04/2010 - 21:38 | 778795 Crisismode
Crisismode's picture

+1

Sat, 12/04/2010 - 10:18 | 777966 DollarDive
DollarDive's picture

Here's a chart showing the spread between Silver Futures (contin contr) and Silver ETF - SLV.  It's interesting to note the widening of the spread over the last 180 days, notably in November.  This market is starting to become unstable.

 

http://displacedema.blogspot.com/2010/12/widening-spread-between-silver-etfs-and.html

Sat, 12/04/2010 - 10:24 | 777971 boooyaaaah
boooyaaaah's picture

Interesting you mention hunt brothers.
They were doing the opposite of JPM

They were buying physical silver to corner the market.

This caused the market price to rocket to 45
When gold was at 800. The ratio 20:1

Because silver is so small a market, this can be done
.
So now Tyler and friends, how do we know if the panda
Bear cartoon makers are not trying to corner the silver market.

Sat, 12/04/2010 - 10:31 | 777974 JonNadler
JonNadler's picture

Wait, wait, are you going to believe a little cartoon bear over an experienced analyst like me? Silver is going back to 4. Didn't the Warren Buffet secretly sell all his silver at 8?

UNless you believe the tin foil hat crowd that he was secretley blackmailed by the government?

 

http://www.roadtoroota.com/public/223.cfm

 

 

3) Why did Warren Buffett sell all of his physical silver holdings in the 1st quarter 2006?

a) He thought silver was overvalued and wanted to lock in a profit

b) He did not think the future of silver was bright

c) He swapped it to buy gold

d) He handed it over to the banking cabal when they blackmailed him.

ANSWER: d) He handed it over to the banking cabal when they blackmailed him.

In 2005 the world's most famous investor was in very hot water due to illegal transactions with AIG in his giant re-insurance company General Re.

http://www.slate.com/id/2116167/

Then in May 2006 Buffett announced that he had gotten rid of his silver:

http://www.resourceinvestor.com/News/2006/5/Pages/Warren-Buffett-Sells-the-Family-Silver.aspx

As coincidence may have it...in May 2006 the silver ETF (SLV) opened it's doors and quickly ran to 130M oz (the exact amount of silver estimated to be sold by Warren Buffett.)

Although the CEO of AIG, Hank Greenberg, got the book thrown at him Buffett was able to escape prosecution after meeting with the "investigators" just prior to his silver divestment.

Did Buffett trade his silver for his freedom? You make the call.

 

Sat, 12/04/2010 - 17:40 | 778498 cosmictrainwreck
cosmictrainwreck's picture

Thanks, Big Jon. I'd forgot all about that litle "coincidence". Just  confirms what ZH's have said prior regarding the Buff-man's so-called wisdom or character.

Sat, 12/04/2010 - 11:07 | 778011 Goolie
Goolie's picture

On YouTube, the poster of this video says the following in his comments:

"....The COMEX offered dollars instead of physical metal on December 1st silver deliveries. GAME OVER."

Over the last few weeks I decided to move a significant portion of my net worth into Dec Silver.  Part of the reason was I have lost confidence in our dollar, another is the silver chart  looks set up for a parabolic move, and thirdly, I wanted to see how long it would take for delivery past the 11/30 first notice date.

 

Well,  I don't want to disappoint anyone, but on 11/30 I was notified that most of my contracts were being delivered.  By Friday, all of them had been delivered.  No fuss, no muss.  No offers of premium cash payments by Dimon, the Bernak or Comex.

I guess premium cash payments in lieu of physical delivery is just urban legend.

 

G

Sat, 12/04/2010 - 12:27 | 778061 Clint Liquor
Clint Liquor's picture

Now that you have delivery of a COMEX warehouse receipt, try to have your Silver delivered to an off-site storage facility. You will find that exercise much more interesting.

Sat, 12/04/2010 - 19:39 | 778656 GoingLoonie
GoingLoonie's picture

I would check it.  We are talking about the US Government and its proxies.  Be careful.

Sat, 12/04/2010 - 19:39 | 778658 GoingLoonie
GoingLoonie's picture

I would check it.  We are talking about the US Government and its proxies.  Be careful.

Sat, 12/04/2010 - 11:12 | 778012 Defenestrate
Defenestrate's picture

Putting my tinfoil hat on for this comment:

Any chance the run-up in silver prices is also being maneuvered in time for the just-just announced release of new silver bullion coins by the US Mint December 6?

http://www.usmint.gov/pressroom/index.cfm?action=press_release&id=1182

You know, double the price, then release the coins in time for Christmas, Keiser buying, and general mania?

(Removing tinfoil hat now.)

Sat, 12/04/2010 - 11:53 | 778038 kragsquest
kragsquest's picture

Buy silver!  $666 is too much for 20 Silver Eagles.  That's $33.30 each.  Apmex or Gainesville are even cheaper, I think, and I pay less than Apmex.  Supply is very limited now. 

No there is no US treasury manipulation here.  They don't know enough about hard assets to manipulate it, but you can be sure that the big boys at hedge funds like Goldman do!

Sat, 12/04/2010 - 14:13 | 778045 kaiserhoff
kaiserhoff's picture

Me likey.  Unless Traitor Ben can shit silver bars, he's got a problem here.  If JPM goes down hard, 100 Trillion of derivatives go down with it.  In any case, it's hard to argue against holding more silver.

Silver futures options are pretty rich, but a simple bull spread in the March calls will produce better than a two for one return, if silver holds at these levels or higher.  Makes more sense than playing the Chipotle Fart Factory;)

 

Sat, 12/04/2010 - 14:20 | 778057 kaiten
kaiten's picture

JP Morgan is not only into silver, they like copper too.

http://www.telegraph.co.uk/finance/newsbysector/industry/8180304/JP-Morg...

Sat, 12/04/2010 - 12:32 | 778065 Downtoolong
Downtoolong's picture

Funnier than an episode of South Park. But, seriously folks, how can any market where one participant holds 40% of the open positions (net long or short) be called a fair market? Practically speaking, any entity trying to manage a net position that large can’t avoid price manipulation even if they wanted to. No one, especially not an exempt dealer or market makerlike JPM, should be allowed to hold a net position in any commodity market of more than 1-2% of the open interest for more than a few days. If the CFTC can’t see, accept, and enforce this basic characteristic of efficient markets, then nothing else they do matters either.

Sat, 12/04/2010 - 13:02 | 778098 Ye Ye
Ye Ye's picture

This trade is getting uncomfortably crowded.

Sat, 12/04/2010 - 14:12 | 778176 kaiserhoff
kaiserhoff's picture

Agreed, but that's in the nature of a short squeeze.  Lots of piling on, on both sides.  Jamie has set himself up for this.  He should know better. 

Sat, 12/04/2010 - 19:25 | 778632 10044
10044's picture

Yes get the hell out please

Sat, 12/04/2010 - 13:10 | 778101 spartan117
spartan117's picture

Raising rates won't work.  Debt financing would consume 150% of all tax revenue and the Federal Gov defaults.  That's sovereign nation suicide. 

Sat, 12/04/2010 - 13:30 | 778128 High Plains Drifter
High Plains Drifter's picture

http://www.guardian.co.uk/commentisfree/2010/dec/02/jp-morgan-silver-sho...

what's that you say? Zerohedge is the Wikileaks of finance? Well I never.

Sat, 12/04/2010 - 13:44 | 778155 RonnieColeman
RonnieColeman's picture

not nearly as funny as the other videos like this

Sat, 12/04/2010 - 13:48 | 778159 ThisIsBob
ThisIsBob's picture

Apparently the players are not yet concerned about JPM . Short interest remains stable, stock jumped last couple of days.

Sat, 12/04/2010 - 22:00 | 778827 Crisismode
Crisismode's picture

Apparently, you are wrong.

Sat, 12/04/2010 - 13:49 | 778160 ThisIsBob
ThisIsBob's picture

Anybody have a line on options action?

Sat, 12/04/2010 - 14:16 | 778181 High Plains Drifter
High Plains Drifter's picture

People used to laugh at me and call me crazy for buying my junk many years ago. Junk silver that is. So to them I say now, get your hands off of my junk, junk silver that is. I love my junk and it is dusty and heavy, but I have always loved it. Nothing like the smell and feel of real money. I got the idea to buy silver from a independent self reliant kind of guy who lives in southern Missouri named George Gordon, a former protege of Gordon Kahl. Franklin Sanders, another one of these self reliant Americans , says that it would be a good idea to have 33 percent of your net worth in PM, with 75 percent of that in silver. So far ,so good. I love it when a plan comes together.  Now those who laughed are asking me, gee , plains, where do we buy gold and silver. Idiots.

Sat, 12/04/2010 - 22:02 | 778829 Crisismode
Crisismode's picture

33% is for pussys.

 

Gerald Celente went for 80%.

 

Now there is a REAL man.

 

Sat, 12/04/2010 - 14:18 | 778182 PalladiumTrading
PalladiumTrading's picture

Cool video, but their prices aren't the best.  We beat the pants off these guys.  Our monster box is over $1,000 less.  http://www.PalladiumTrading.com/buy-precious-metals

Sat, 12/04/2010 - 14:24 | 778193 High Plains Drifter
High Plains Drifter's picture

I know some rich jews who buy their PM from a guy in California named Tulving , if I am not mistaken. They got the idea from me about PM. They are wealthy people and did not understand gold and silver and now they are buying loads of it every week and stashing it in their home safes. They live in a guarded gated community so they have no worries about it really. I ask you. If these people who have lived on the system are now buying gold and silver at a fast pace, then what may I ask, is it that they see in the future? What is it, that is scaring them so. Something evidentually is because they started asking me about PM a few months ago and now are buying like there is no tomorrow. I am telling anyone that will listen, hedge yourself for the days that are coming.

Sat, 12/04/2010 - 22:03 | 778833 Crisismode
Crisismode's picture

The very same thing that is scaring you and me, buddy.

 

The very same thing.

Sat, 12/04/2010 - 22:56 | 778903 blindman
blindman's picture

http://www.youtube.com/watch?v=tTSaHk8Jx9g

Ry Cooder & Nick Lowe: The Very Thing That Makes You Rich (Makes Me Poor) Dublin, Ireland.

Sat, 12/04/2010 - 14:22 | 778189 Bastiat
Bastiat's picture

No doubt the JP Morgue and its Blythe have hedged through the Oh-TeeCees with The Ben Bernank or its agents.  The JP Morgue will not have its pants around its ankles, the sheeples will.

Sat, 12/04/2010 - 14:28 | 778194 High Plains Drifter
High Plains Drifter's picture

I suspect dearest Blythe has spent a great deal of time on her knees, in order to get fast advancement at her job, whatever that is.  Nature of the beast. You have to sell your soul in order to succeed. Jim Cramer sold his a long time ago. Now he does his weekly mea culpa on CNBC like that means anything. Maybe that is one of the mitzvah's that he has to perform every week, according to his Rebbe, in order to balance out his bad works with some good works, while he supposedly gives all of us poor dumb flyover country hicks, some investment advice. Harde har har har.

Sat, 12/04/2010 - 15:16 | 778268 High Plains Drifter
High Plains Drifter's picture

Yeh thats about right. She probably could suck a cue ball through a straw...

Sat, 12/04/2010 - 14:33 | 778206 RobotTrader
RobotTrader's picture

I doubt anything serious is going to happen to JP Morgan if we get a parabolic short squeeze in silver.

Why?

-  They are the No. 1 Fed-sponsored, Plutocrat-supported entity in the U.S.

-  They are extremely well connected, and will have access to various exotic hedges (available to no one else) which will adequately protect them against a short squeeze, should it occur.

-  JPM is too big to fail.  The Fed probably has risk control officers on staff full time, and they are probably actively managing certain parts of the portfolio to make sure they don't get into too much trouble.

I am so confident that they will not fail, I am willing to go long JPM if it can close 2 consecutive days over the 200-day, with a stop just under the line.

 

Sat, 12/04/2010 - 14:52 | 778235 huggy_in_london
huggy_in_london's picture

Yeah except there is no trend there, and hasnt been for ooohhh almost 200 days... so you'll be buying at the upper end of the trading range.  You need to look at different technical indicators for this one i am afraid.  A close above a flat lining 200d ma is pretty useless.  That chart doesn't look so good imo... it trades the up moves quickly then bleeds.  Seems more likely to test the lows one would think.

Sat, 12/04/2010 - 15:32 | 778286 gwar5
gwar5's picture

"Just buy the fucking dips" 

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