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Goodbye $44

Tyler Durden's picture




 

The real beauty about waging a two front war (keeping gold from hitting the barrage of $1,500 limit spot orders; and silver from passing a dollar a day) means that Comex cartel has to pick its fights. Today gold loses for now, as the $1,500 spot (but not futures) price is safely defended. The same can not be said for silver. $44 was just taken out. And those who actually wish to buy American Eagles can do so at the low, low price of $47.32 on Monex.

 

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Tue, 04/19/2011 - 15:18 | 1185194 velobabe
velobabe's picture

tyler, bitchez†

Tue, 04/19/2011 - 15:26 | 1185248 SilverRhino
SilverRhino's picture

It is starting to look like the rise in value is accellerating.  

Tue, 04/19/2011 - 15:35 | 1185288 tekhneek
tekhneek's picture

"Hyperbolic" one might say.

Tue, 04/19/2011 - 15:43 | 1185345 narapoiddyslexia
narapoiddyslexia's picture

As I noted elsewhere, a friend of mine just returned from an extended trip to China. Gold is selling in a frenzy, as silver cannot be had. Banks are selling silver for future delivery months out. Everyone is buying it, and there is none to be had. She also reported that wealth is widespread, and Chinese are starting to stray away from stocks and real estate and seek out precious metals. Especially silver. How many people are there in China again? And what is the literal translation of the Chinese word for "bank?" [Ans: Silver House]

Tue, 04/19/2011 - 15:49 | 1185373 tekhneek
tekhneek's picture

I have a receipt here... 10x10 oz Engelhard bars from Provident Metals... (100oz)... $1,425.80

LOL and that's when I started buying.

Tue, 04/19/2011 - 15:55 | 1185425 Just Observing
Just Observing's picture

I dug out some receipts the other day.  500 one ounce rounds at 5.03/ea with shipping.  First two bags of 90% at 3599 with shipping.

Tue, 04/19/2011 - 20:36 | 1186358 Hacked Economy
Hacked Economy's picture

Crap.  I didn't get in until $26.

Hey...if you ever need someone to watch over your silver for you while you're away on vacation...  :)

Tue, 04/19/2011 - 22:10 | 1186586 Braverdave
Braverdave's picture

Yeah, I was doing the same thing last night when I decided it was time to count what I had.

My first bullion purchase was 5 x 10 oz bars of silver at $ 19.60 (Canadian $ which were at par more or less in early 2008) per oz (shipping included) and 5 x 1 oz wafers of gold @ $ 956.00 (Can. $ shipping inc.).

And I have been buying periodically ever since and hope that years from now what I bought yesterday has done as well as my first purchase.

But the best deal of all was my Dad giving me his silver coin collection which at last count is about $ 1500.00 melt value ( with a handful of those coins worth more than melt to the right collector) since those coins cost only the face value from when he was a younger man. Thanks Dad!

 

 

 

Tue, 04/19/2011 - 16:13 | 1185495 Strider52
Strider52's picture

It's been a good 2 weeks for me - today I just doubled-up on silver. I bought 16 POUNDS (american lbs) at $22/oz.

  Last week I doubled-up on gold. I bought at $720, it went flying thru $1440.

Tue, 04/19/2011 - 18:54 | 1186024 snakeboat
snakeboat's picture

and y'all are still buying like me, no?

Wed, 04/20/2011 - 06:53 | 1187297 DosZap
DosZap's picture

And pray tell how did you steal it at those prices?.

Find a elderly blind person?,working a Estate sale.

Wed, 04/20/2011 - 07:28 | 1187376 tarsubil
tarsubil's picture

Where are these half off sales?

Tue, 04/19/2011 - 15:49 | 1185385 Oracle of Kypseli
Oracle of Kypseli's picture

And what is the word for money in Peru? Plata. (You all know what that means.)

Tue, 04/19/2011 - 17:31 | 1185797 Hook Line and S...
Hook Line and Sphincter's picture

And what is the word for give me your food in downtown LA soon? Plomo!

Tue, 04/19/2011 - 16:07 | 1185485 nkktwotwozero
nkktwotwozero's picture

>Silver House

And what's a vault? A "Gold Box".

Wealth = Gold, Silver = Trade and Commerce

Is the more accurate breakdown.

--

Much more relevant is that silver WAS money in China.

It was on the Silver standard.

--

Japan, on the other hand, you dont see the mania for silver.

You sort of do for gold. Although, still, the Yen holds sway over the populace.

But Japan WAS on the gold standard.

And gold was money in Japan before the western standards.

--

So the history isnt exacltly clear as to why silver would be favored by much of Asia.

Gold seems the better bet if you're expecting a Chinese led price bubble.

--

That said, I like the "short squeeze the hell out of JPM" narrative.

 

Tue, 04/19/2011 - 16:03 | 1185464 JLee2027
JLee2027's picture

Warp Speed when metal runs short and outright panic hits.

Tue, 04/19/2011 - 15:37 | 1185291 Sudden Debt
Sudden Debt's picture

You would think so he :) 36 seems like ages ago but it's only 2 weeks! I'll see your 44$ silver and raise you a buck by tomorrow!

Tue, 04/19/2011 - 15:45 | 1185360 MarketTruth
MarketTruth's picture

And MONEX is overpriced, www.TULVING.com sells silver American Eagles for $2.49 over spot and they pay for delivery too.

Tue, 04/19/2011 - 17:31 | 1185805 Pants the Silve...
Pants the Silver Shorts's picture

you could also see what's available at www.spotmex.com

 

somebody might actually have a sell order out there for the price you like

Tue, 04/19/2011 - 18:20 | 1185934 Math Man
Math Man's picture

36 seems like ages ago but it's only 2 weeks!


How quickly we for get that is was at $18 in September..... just over six months ago.   Parabolic blow off top any one? 

Can you say bubble?  Say it with me. Buh-bell!

It's really going to suck for you longs who aren't taking profits when it's back below $20 this summer....

 

Tue, 04/19/2011 - 18:39 | 1185970 akak
akak's picture

"Only $5 .... to get out of ground ..... $5 .... out of ground ..... only $5 ..... to dig from ground ..... only $5 ........ only $5 ....... only $5 ........... must eat brains ....."

 

Tell you what, Balding_Snails, there is only around $3000, tops, in raw materials in any new pickup.  By your "logic", I should run to my nearest dealership and demand that they sell me a brand new, fully-loaded pickup for $3000, right?

Or how about I go to the grocery store and demand that they sell me a loaf of bread for eighteen cents, since that is the price of the wheat and other ingredients that it contains?

Or what say we march over to Saudi Arabia and insist that they sell us a barrel of oil for $20 ---- since that is what it currently costs them to "pull it from the ground"?

What I am trying to say is, your reasoning is full of shit.

Tue, 04/19/2011 - 18:37 | 1185973 Burnbright
Burnbright's picture

I don't see you calling Apple a bubble even though it has prolly gone up even more. 

Tue, 04/19/2011 - 20:11 | 1186292 A Nanny Moose
A Nanny Moose's picture

Dip-shit! Did I get it right? Perhaps I should go work on my delivery some more?

Tue, 04/19/2011 - 20:44 | 1186381 Hacked Economy
Hacked Economy's picture

Not bubble...escalator.  It'll have its ups and downs while continuing to climb higher.  Oh, we might indeed have a larger correction at some point, but the days of $20 are gone forever.  When QE3 is announced soon - by whatever warm fuzzy name they use to try to hide it - it'll serve as another pillar to prop the "bottom" for silver up another tick or two.  We might see a fall in price for a while if certain events (unforeseen perhaps, like the ME/NA riots?) spring up, but silver is making a permanent comeback.  The price floor is now well above $20 and rising.

So the next question is...do I buy some more this week in preparation for the soon-to-be-passed $50 spot and make a little more profit?

Tue, 04/19/2011 - 22:12 | 1186587 HoofHearted
HoofHearted's picture

Please please please let silver go back to $20 per ounce. I don't see it, but we can hope. And yes, my thousands of ounces would be worth less fiat. But I'd be getting rid of whatever fiat I have left for that $20 silver...

And stop calling yourself Math Man. It pisses off those of us around here who can actually do some math.

Wed, 04/20/2011 - 06:31 | 1187286 fiftybagger
fiftybagger's picture

Yay, the shills have arrived.  Rally on!

Tue, 04/19/2011 - 15:27 | 1185256 redpill
redpill's picture

And I'm getting tired of seeing a fucking Porter Stansberry commercial everywhere I look these days.  Would someone throw this guy in jail already?

Tue, 04/19/2011 - 15:33 | 1185286 spiral_eyes
spiral_eyes's picture

geez those end of america commercials are total spam. the end of america is coming, but the guy is an asshole, and a shyster who sells fifth rate stock tips to any paranoid idiot who will listen. i subscribed to a couple of his letters a few years ago. nothing special. 

Tue, 04/19/2011 - 16:59 | 1185688 EcoJoker
EcoJoker's picture

You're entitled to your opinion but his s&a resource report  has made me a lot of money.   Don't generalize.

Tue, 04/19/2011 - 17:10 | 1185728 redpill
redpill's picture

Generalize?  You should do some more googling on this guy, he's been leaving a trail of scams and financial wreckage for a decade.  The "Aids vaccine" incident was one of my favorites.  How this guy is still in the business after all that is a mystery.

 

Tue, 04/19/2011 - 16:15 | 1185511 KingdomKum
KingdomKum's picture

+100 !

Tue, 04/19/2011 - 19:39 | 1186200 Al Gorerhythm
Al Gorerhythm's picture

+100:1

Tue, 04/19/2011 - 16:24 | 1185549 barkster
barkster's picture

annoying, annoying videos...

Tue, 04/19/2011 - 16:45 | 1185642 XenOrbitalEnginE
XenOrbitalEnginE's picture

Hah!  Thanks to other respondents answering on this.  I was half curious about what that scheme was.  Now no need to investigate, it's as I thought.

 

Perhaps you could set annoying ad-copy to music in your head. Sorta works fro me.

I want my MTV. Look at them yo-yos!

Tue, 04/19/2011 - 15:42 | 1185330 Hugh G Rection
Hugh G Rection's picture

Impossible... RoboTroll and MethMan called a top months ago.

Tue, 04/19/2011 - 15:59 | 1185448 Turd Ferguson
Turd Ferguson's picture

turd happy

Tue, 04/19/2011 - 16:40 | 1185612 Temporalist
Temporalist's picture

You should be your ZH birthday is today.  Happy 1st!

Tue, 04/19/2011 - 17:02 | 1185708 Creed
Creed's picture

creed happy turd happy

 

now post more

Tue, 04/19/2011 - 17:20 | 1185752 JailBank
JailBank's picture

Turd when are we going to get those margin hikes so the cartel can knock this price down for 3-4 minutes?

Tue, 04/19/2011 - 15:21 | 1185195 MaxVernon
MaxVernon's picture
Substitute "parrot" with  "dollar" and you pretty much have the picture of the future of the USD system.

http://j.mp/enVgua


Tue, 04/19/2011 - 15:32 | 1185267 Misean
Misean's picture

Pining for the fjords?!?! We're Fjucked!

Tue, 04/19/2011 - 15:39 | 1185320 MaxVernon
MaxVernon's picture

http://www.gatewestcoin.com/markets.html shows gold at $1499 and change right now...

Tue, 04/19/2011 - 15:19 | 1185196 ZeroPower
ZeroPower's picture

This has been an epic 2 weeks. Something is in store, watch.

Tue, 04/19/2011 - 15:29 | 1185263 Arius
Arius's picture

i think you will be safe to assume 1500$ will take a long long time to be breached...

Tue, 04/19/2011 - 15:34 | 1185277 MaxVernon
MaxVernon's picture

If by "safe", you mean "on crack" then right you are, Sir!

 

Tue, 04/19/2011 - 16:19 | 1185524 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Put the pipe down, sir!

Tue, 04/19/2011 - 15:36 | 1185304 Sudden Debt
Sudden Debt's picture

Yes, weeks if not months...

Tue, 04/19/2011 - 16:00 | 1185447 aVian
aVian's picture

today after hours it will be

Tue, 04/19/2011 - 17:06 | 1185714 Creed
Creed's picture

This has been an epic 2 weeks. Something is in store, watch.

 

yep

 

Tue, 04/19/2011 - 15:19 | 1185197 Long-John-Silver
Long-John-Silver's picture

$50 next week.

Tue, 04/19/2011 - 15:21 | 1185213 Robot Traders Mom
Robot Traders Mom's picture

That's ironic. That is the same amount of money that the bullies at school have taken from Robot Fucktard this week...

Tue, 04/19/2011 - 15:25 | 1185227 tmosley
tmosley's picture

No, he had to give them IOUs.  Not the same.  Well, sort of.

Tue, 04/19/2011 - 15:24 | 1185242 Robot Traders Mom
Robot Traders Mom's picture

+1

I guess that is why he got stuffed in the locker

Tue, 04/19/2011 - 15:43 | 1185331 akak
akak's picture

That's because his schoolmates got sick of him wearing his "I Heart the Fed" T-shirt day after day after day.

But it was no problem, really --- getting stuffed in the locker gave him the time and privacy to masturbate once more with his chart of Lululemon.

Tue, 04/19/2011 - 22:17 | 1186601 HoofHearted
HoofHearted's picture

You are aware that there are Fed haters, and then there are Fedophiles. Guess which one...

Tue, 04/19/2011 - 15:26 | 1185240 Long-John-Silver
Long-John-Silver's picture

I found robot on youtube....

http://youtu.be/iDmJcDvaBGU

Tue, 04/19/2011 - 15:41 | 1185321 Sudden Debt
Sudden Debt's picture

I'm taking my kids computer away...

Tue, 04/19/2011 - 15:33 | 1185272 SheepDog-One
SheepDog-One's picture

LOLOL

Tue, 04/19/2011 - 15:36 | 1185292 trav7777
trav7777's picture

you talk about your son like that? 

Tue, 04/19/2011 - 15:22 | 1185229 Cash_is_Trash
Cash_is_Trash's picture

I work at the Federal Reserve and I do not see any inflation.

Tue, 04/19/2011 - 15:26 | 1185247 NidStyles
NidStyles's picture

Can I get a job? I like playing Monopoly.

Tue, 04/19/2011 - 15:34 | 1185293 Cash_is_Trash
Cash_is_Trash's picture

1) Do you like to steal people's wealth?

2) Are you immune to reason and empathy?

3) Do you think your the shit because of your PhD?

4) Do you have any regard for starting bloody revolutions and popular uprisings?

5) Can you print fast on HP, Xerox and Kyocera machines?

-- If you answered yes to all five, you're in. Also, if you answered yes to all five, you may become the next tiny wicked wrench armchair monetizer of death.

Tue, 04/19/2011 - 15:42 | 1185334 Sudden Debt
Sudden Debt's picture

I SCORE MAX ON ALL THE QUESTIONS!
I've got 8 on 5 right!

Tue, 04/19/2011 - 15:56 | 1185432 Cash_is_Trash
Cash_is_Trash's picture

Not even the Chairsatan did so well!

We have our next Monetizer of Death

Tue, 04/19/2011 - 15:19 | 1185198 Just Observing
Just Observing's picture

And you can't keep the 1500 camel out of the tent once it got it's nose under the edge.

Tue, 04/19/2011 - 15:21 | 1185199 lieutenantjohnchard
lieutenantjohnchard's picture

we few, we happy few, we band of silver holders.

Tue, 04/19/2011 - 15:26 | 1185250 Bay of Pigs
Bay of Pigs's picture

"Give me Silver, Blue, and Gold...."

http://www.youtube.com/watch?v=Gs6LfHXOSxU

 

Tue, 04/19/2011 - 15:33 | 1185285 lieutenantjohnchard
lieutenantjohnchard's picture

nice.

Tue, 04/19/2011 - 15:39 | 1185322 francis_sawyer
francis_sawyer's picture

You beat me to posting that video by a couple of minutes :-)

Tue, 04/19/2011 - 15:50 | 1185381 Pants McPants
Pants McPants's picture

Well done.  I was thinking of Rainbow's "Man on the Silver Mountain" myself...

Wed, 04/20/2011 - 06:37 | 1187290 fiftybagger
fiftybagger's picture

Monetary Revolution - Crash JP Morgan Buy Silver
http://www.youtube.com/watch?v=pItsaMSmcPQ&feature=channel_video_title

Tue, 04/19/2011 - 15:19 | 1185200 Dr. Richard Head
Dr. Richard Head's picture

JPM @ $44.65.  Parity will be parody no?

Tue, 04/19/2011 - 15:43 | 1185344 Sudden Debt
Sudden Debt's picture

They have 3 more months before reporting their next profits :)

Tue, 04/19/2011 - 15:22 | 1185201 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Sad that the world is in such a state that we have to buy stuff from out of the ground to protect the wealth generated from our labor...

... seriously f**ked up existence this.

Tue, 04/19/2011 - 15:29 | 1185254 downrodeo
downrodeo's picture

It's just a ride, my friend, it's just a ride....

Tue, 04/19/2011 - 16:31 | 1185590 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

+10 -- thx for that...

Tue, 04/19/2011 - 15:34 | 1185278 SheepDog-One
SheepDog-One's picture

Or buy stuff out of a firearms factory.

Tue, 04/19/2011 - 15:51 | 1185384 Gene Parmesan
Gene Parmesan's picture

May you live in interesting times.

Tue, 04/19/2011 - 16:23 | 1185543 NotApplicable
NotApplicable's picture

Nothing sad about it at all. Scarcity of real money is the only thing that can keep banksters honest.

In other words, it's counterfeit proof (which is a very, very good thing).

Tue, 04/19/2011 - 18:47 | 1186000 eisley79
eisley79's picture

this is an extreme and dangerous fallacy. Gold or Silver backed money is a good way to end the current fiat regime, and a good step in the right direction.  But if you think that is a magic bullet to fix the banksters/controllers think again.  They will always be able to manipulate gold and silver in the market, and at its mining source.  (as they have for hundreds/thousands of years). 

It is only their attempt to defend fiat currency which is creating their current weakness to "market forces".  Once TSHTF and a new monetary standard arrives, they will be right back at their old tricks, doing whatever they can(and after they have raped and pillaged the fiat currency holders).

The US constitutional money (like lincoln's greenback), where the "people"(via representation) control the quantity of money, is the only true protection against exploitation.  But, it requires an educated public/electorate, that is politically active and understands macro-economics and currency, and will punish corruption.  Good luck with that....

Wed, 04/20/2011 - 07:02 | 1187311 BoeingSpaceliner797
BoeingSpaceliner797's picture

+1 Yellow Brick Road and +1 pair of silver slippers.

Mon, 04/25/2011 - 21:55 | 1206311 eisley79
eisley79's picture

lol ;)

Tue, 04/19/2011 - 15:20 | 1185202 Darth Silver
Darth Silver's picture

onward and upward!

i pity the fool that tries to get in the way.

Tue, 04/19/2011 - 15:22 | 1185204 Eireann go Brach
Eireann go Brach's picture

Obama..what does rising silver mean Ben?...insert crickets sound

Tue, 04/19/2011 - 15:36 | 1185290 Urban Redneck
Urban Redneck's picture

Obama lacks the wisdom to ask real questions

and

Bernanke lacks the integrity to remain silent as opposed to providing a disingenuous answer

Tue, 04/19/2011 - 16:53 | 1185669 NotApplicable
NotApplicable's picture

I would say he is wise enough to remain safely ignorant, that way there is no possibility of the question, "What did the President know, and when did he know it?"

 

Wed, 04/20/2011 - 19:00 | 1190366 Urban Redneck
Urban Redneck's picture

That is only a concern when comitting a CRIME.

Tue, 04/19/2011 - 15:22 | 1185205 Top_Kill
Top_Kill's picture

If I didn't have physical it would have been tough to hold on this long.

Tue, 04/19/2011 - 15:45 | 1185357 Shell Game
Shell Game's picture

Yet another beautiful thang about the physical..

Tue, 04/19/2011 - 15:22 | 1185206 Xibalba
Xibalba's picture

Can Gold get above $15

Tue, 04/19/2011 - 15:24 | 1185224 Long-John-Silver
Long-John-Silver's picture

Not long ago people were asking if Gold could get above $1,000.

Tue, 04/19/2011 - 15:46 | 1185361 Sudden Debt
Sudden Debt's picture

And people still believed "change" wasn't meanth to be the dollars future

Tue, 04/19/2011 - 23:01 | 1186705 Braverdave
Braverdave's picture

Exactly ... I mentioned $ 1500 to a friend today and he was astonished (he also lives under a rock).

Tue, 04/19/2011 - 15:23 | 1185214 Id fight Gandhi
Id fight Gandhi's picture

If gold takes out all time highs silver will too. Soon. I'd rather hold silver than gold.

Tue, 04/19/2011 - 15:28 | 1185261 Temporalist
Temporalist's picture

*Because gold took out all time highs silver will too.*

Just rephrased it for you.

Tue, 04/19/2011 - 15:21 | 1185217 Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

We hardly knew ye.

Tue, 04/19/2011 - 15:22 | 1185222 Top_Kill
Top_Kill's picture

Tyler,

What does the 
below the title stand for?

 

Tue, 04/19/2011 - 15:39 | 1185311 tekhneek
tekhneek's picture

He'll adjust it later, he was just trying to get the post out pronto.

Tue, 04/19/2011 - 15:22 | 1185223 camoes
camoes's picture

FORTY FOUR, C&#&KS^#^&KERS!

Tue, 04/19/2011 - 15:22 | 1185226 Magnix
Magnix's picture

Awesome, just awesome! Im not just excited about the silver price, but excited that our govt is collapsing gradually!

Tue, 04/19/2011 - 15:25 | 1185231 The Axe
The Axe's picture

Into New York Thursday to sell all my silver eagles..bot at 5 in 1992  I will keep one roll of 20 to buy food if the world really ends....this should also cover my losses on my slv puts in July...lol

Tue, 04/19/2011 - 16:52 | 1185663 DoChenRollingBearing
DoChenRollingBearing's picture

Keep more silver than 20 oz.  

If the SHTF, you will probably need 100 + oz to buy food for awhile, especially if you do not have a garden, farming skills, etc.

Wed, 04/20/2011 - 06:47 | 1187292 fiftybagger
fiftybagger's picture

Epic meet Fail

http://failfx.com/

Tue, 04/19/2011 - 15:25 | 1185232 gwar5
gwar5's picture

No way!  Hahahahahaha...haha.....

Tue, 04/19/2011 - 15:25 | 1185233 sheeple
sheeple's picture

wut's taking gold so long!

buy gold crash slavery!

Tue, 04/19/2011 - 15:44 | 1185353 Rodent Freikorps
Rodent Freikorps's picture

Lots and lots of dirt poor people are selling jewelry.

Tue, 04/19/2011 - 15:23 | 1185234 lieutenantjohnchard
lieutenantjohnchard's picture

with a wink and nod to my good buddy $44 i'll have the 16 oz ny strip, rare, baked potato all the way with creamed spinach and apple pie al la mode.

Tue, 04/19/2011 - 15:27 | 1185252 Long-John-Silver
Long-John-Silver's picture

I started going out to eat like that when Silver was making new highs. My doctor chewed me out about my weight gains soon after.

Tue, 04/19/2011 - 15:30 | 1185269 Temporalist
Temporalist's picture

You should have told him your weight in ounces is even greater!

Tue, 04/19/2011 - 15:31 | 1185274 lieutenantjohnchard
lieutenantjohnchard's picture

with so many new highs you must have had a permanent table reserved in your name.

actually, it'll be more like string squash, mustard greens and sweet potato.

Tue, 04/19/2011 - 15:50 | 1185378 clymer
clymer's picture

lemme guess ..fried sea food?

Tue, 04/19/2011 - 16:11 | 1185497 Long-John-Silver
Long-John-Silver's picture

Sushi in a feeding frenzy environment.

Tue, 04/19/2011 - 15:35 | 1185284 Bay of Pigs
Bay of Pigs's picture

Don't forget the wonderful Napa Valley fruitbomb cabernet...

Tue, 04/19/2011 - 15:37 | 1185297 lieutenantjohnchard
lieutenantjohnchard's picture

oh, i'll remember it. i'm sure tonight many of the few will be hoisting a few to the happy few among us, or something like that.

Tue, 04/19/2011 - 17:28 | 1185783 Bay of Pigs
Bay of Pigs's picture

Got a bottle for my 50th BDay on sunday (Bay of Pigs day). Joseph Phelps Napa Cab....gonna drink it tonight. Or should I wait for $50 silver? LOL.

Tue, 04/19/2011 - 17:57 | 1185888 nope-1004
nope-1004's picture

Why wait another week?  Drink now.  Or save it for July when it's at $62.

 

Tue, 04/19/2011 - 18:14 | 1185928 Big Corked Boots
Big Corked Boots's picture

Charles Shaw Merlot. I'm still accumulating.

Two buck chuck, bitchez.

Tue, 04/19/2011 - 23:06 | 1186726 Braverdave
Braverdave's picture

Now.

Tue, 04/19/2011 - 15:24 | 1185239 NidStyles
NidStyles's picture

Made me smile, too bad it didn't keep going though.

Tue, 04/19/2011 - 15:26 | 1185241 AmazingLarry
AmazingLarry's picture

Lulz, I just checked Kitco to see if she breached, saw it poke through, then figured the first thing I'd read on ZH was "Goodbye 44". 

You're Jack's revenge.

Love this place.

 

Tue, 04/19/2011 - 15:35 | 1185296 SheepDog-One
SheepDog-One's picture

SMIRKING revenge, at that!

Tue, 04/19/2011 - 16:40 | 1185622 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

you are correct -- this meme requires an adjective.

Tue, 04/19/2011 - 16:28 | 1185560 Tail Dogging The Wag
Tail Dogging The Wag's picture

Zer0hedge rocks!

Rupee means silver in Hindi

tHE word for Money in Spanish is "plata" which means SILVER

and bank in Chinese is YIN HANG, which means SILVER HOUSE (business).

While traveling in India... I met a farmer and he spoke about his son. He used this analogy:

"My son will one day shine like silver".

Tue, 04/19/2011 - 15:27 | 1185255 10kby2k
10kby2k's picture

and 5 year fed paper yields 2.06

cant wait til pomo ends so we can see where these markets really want to go

but pomo may never end....who the fuck knows what might be done behind closed doors

Tue, 04/19/2011 - 15:28 | 1185260 Misean
Misean's picture

This war needs a few more fronts.

Tue, 04/19/2011 - 15:29 | 1185264 fuu
fuu's picture

JPM share price/Silver Oz price = 1.013863

Tue, 04/19/2011 - 15:42 | 1185317 SpeakerFTD
SpeakerFTD's picture

I've seen a couple of people lately mentioning this ratio.  Is there any importance to it other than optics (and laughs)?     I mean, JPM's overall value is a function of its number of shares, so isn't the per share price sort of meaningless by itself?

Tue, 04/19/2011 - 15:47 | 1185355 tmosley
tmosley's picture

It's just laughs.

It'll be even funnier when an oz of silver is worth more than their market cap.  So funny this nation might just laugh itself to pieces.

Tue, 04/19/2011 - 15:49 | 1185379 fuu
fuu's picture

Just laughs. JPM's market cap is, I believe, larger than the entire silver market right now.

 

It's funny to watch the two numbers approach 1:1 when JPM is supposedly a huge shorter of silver. Although I suspect they are not short silver at all anymore it is still the meme to use.

Tue, 04/19/2011 - 15:29 | 1185265 Acidtest Dummy
Acidtest Dummy's picture

Silver, use it it and it won't tarnish.

Tue, 04/19/2011 - 15:34 | 1185275 Temporalist
Temporalist's picture

No but that will wear it away.  Salts from sweat are not good for any metal.

Tue, 04/19/2011 - 15:39 | 1185310 SheepDog-One
SheepDog-One's picture

Eat using SILVERware, its good for you get a bit of silver, fends off what ails ye.

Tue, 04/19/2011 - 15:29 | 1185266 Dangertime
Dangertime's picture

Oh boy, the final acceleration.

Tue, 04/19/2011 - 15:32 | 1185283 Long-John-Silver
Long-John-Silver's picture

Gold has started spiking back up too......

Tue, 04/19/2011 - 15:35 | 1185289 SheepDog-One
SheepDog-One's picture

But the Bernank clearly said 'People do not want to buy gold, people want to buy stocks'. Hmm weird.

Tue, 04/19/2011 - 15:36 | 1185303 Long-John-Silver
Long-John-Silver's picture

Remember when Cramer was pushing Silver mining stocks?

Tue, 04/19/2011 - 15:34 | 1185294 topcallingtroll
topcallingtroll's picture

Ok so is anyone here making new purchases of.gold and silver in more than token amounts at 44 and. 1500?

Is anyone taking posession of pm's, not just trading paper, at this price level? No one, right?

Tue, 04/19/2011 - 15:38 | 1185301 Dangertime
Dangertime's picture

I am sure some are still buying with their weekly paycheck leftovers, but then that would be a token buy.  Now it's a race to find the final bag-holder.

Tue, 04/19/2011 - 15:38 | 1185314 Bastiat
Bastiat's picture

Is this a private circle jerk or can anyone join?

Tue, 04/19/2011 - 15:42 | 1185336 Dangertime
Dangertime's picture

Sure, grab whatever rod your wife doesn't have at the moment.

Tue, 04/19/2011 - 15:43 | 1185342 Richard Head
Richard Head's picture

There's already a place for TC troll, danger clown, meth head, robo-faker, and their multiple aliases to whack off together.  It's called yahoo finance.

Tue, 04/19/2011 - 16:16 | 1185507 akak
akak's picture

But as you well know, it is very hard to keep sheep safely fenced in one field --- they always want to break down the fences and get into the other, cleaner, healthier fields.  It is just what sheep do.  (And trolls, too)

Tue, 04/19/2011 - 15:41 | 1185324 SheepDog-One
SheepDog-One's picture

See you guys in a couple weeks when silver is at $50, and gold is well over $1,500, where again it will be claimed no one is buying it.

Tue, 04/19/2011 - 15:43 | 1185340 Dangertime
Dangertime's picture

If silver hits $50 I will buy some more of those soon to be ripe Puts.  Oh the bargains it will bring.

Tue, 04/19/2011 - 15:47 | 1185354 Richard Head
Richard Head's picture

Yeah sure pal.  As if you even have a job, let alone a trading account.

Tue, 04/19/2011 - 15:46 | 1185369 Dangertime
Dangertime's picture

Let me guess, you bought silver recently didn't ya?  Poor poor fellow.

Tue, 04/19/2011 - 18:48 | 1186006 homersimpson
homersimpson's picture

Shut up, Math man/Smailes/Robotrader. You've been eating it for a while.

Tue, 04/19/2011 - 19:05 | 1186061 eisley79
eisley79's picture

i did, physical, in 2005 same as gold, you maaaad?

keep making claim's that aren't true.  You wouldn't even know how to buy a put, let alone do you actually have a pinky toe in the market.

You are an internet liar, who wants to troll, cause you found a group of people who you think are wrong and will take the baiting.

http://www.youtube.com/watch?v=5Wpa5W1QtG4

 

dayyyyyyyyyyyyyum phony, how you gonna disrespect the zerohedge posters, when you are posting your comments from your dorm and your mom's house?

Tue, 04/19/2011 - 19:47 | 1186221 Dangertime
Dangertime's picture

Wow, you sure showed me.

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