This page has been archived and commenting is disabled.
Goodbye $44
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.
»
- 15442 reads
- Printer-friendly version
- Send to friend
- advertisements -
Oh, the pain...the pain of it all...your ass must be extremely delicate today...LOL.
I see you're still Lost in Space ;-)
good of you to notice, just remember, when you are viewing these pages in the coming days and weeks, and no longer posting due to being right phacking OWNED on your opinions (but not your money cause you dont have any), that we will all be:
struttin' that ass, while you are walking 38 miles...
http://www.youtube.com/watch?v=-fmwxaBjFGM
Oh so you were the guy who bought the $1 million in $25 SLV puts a week ago? *golf chortle*
That guy was too early. Friday was my arrival. I am guessing the silver doors might close as early as this week.
Silver scarcity! Next up will be everyone trying to outbid each other for the scraps!
Come on, don't wait till 50, get you some now lmfao..
I did pick up some more today actually. I am hoping for a gap up tomorrow, that usually is the death toll for these kinds of moves.
If silver hits $50 I will buy some more of those soon to be worthless Puts - there fixed it for ya
I am happy to hold bags full of silver.
You, on the other hand, are going to lose 100% on your dumbshit put options.
I think we have a nominee for the final bagholder.
You can hold the bags of devalued dollars.
For the next few months I would be glad to.
Dangerclown, you are obviously paid by the number of posts, and not by the word --- much less for meaningful content in your trolling posts.
We'll see who comes out on top. Probably the same one who always does.
That's me, if you can't comprehend the inference.
I'll be happy to hand you your first loss.
My team and I are paid highly to keep this metal down, lest we lose control of the markets. My masters would be most unhappy with that.
lol, good luck with that. You can't force a loss on someone who owns physical.
Push it down below my cost average around $16, and I'll bust the COMEX myself.
I'm only talking about paper. My physical is not for sale.
Let me guess ---- "safely" stored with a third-party, "fully secure" unallocated account?
What, you say, that is not actual "physical" metal? Well, Jeffrey "100:1" Christian claims that it is, and if it's good enough for a buddy of Jon Nadler, then it's good enough for me!
I don't trust anyone with physical. Nor should you.
"My team and I are paid highly to keep this metal down, lest we lose control of the markets."
Nice job brownie...you and your "team" should take a bow...must be a gubmint team where results don't matter...in the private sector you would be fired for your lack of accomplishment ;-)
You remind me of a troll we used to see round here called 'Math Man' - any relation?
No idea who he is, I've been reading ZH for awhile but never commented much. Altho some of you guys are pretty witty.
Tmos, is danger clown the same troll as billy the butt tard? Or are they two separate but equally worthless people?
They seem different to me. William the Bastard switched to long juan silver.
This loser is basically a clone of Math Man, down to the claims of fancy cars and other worthless posessions.
Well it's not a new Porsche.....but god willing I will have my first new one within the next few years.
I think you'll have to settle for one of these: http://i207.photobucket.com/albums/bb140/1994SS/Matchbox%20Customs/Porsc...
Enjoy your life in a van down by the river, loser.
Ah, so you grew up in the 80's and 90's then? Surprised you have not yet learned what happens when markets get frothy. There have been SO many lessons since then.
The froth, my friend, is the value of the USD.
Oh yeah, I forgot, for some reason 'this time is different' for fiat.
Fiat will die, but not this run. Give it 6-8 years.
"8 years"?!
Shit, this whole corrupt and tottering financial and monetary system will LONG be overturned before eight more years! If the Masters of the Universe can keep stringing this "Weekend at Bernie's" along for another two years, I will be shocked.
Yet somehow it struggles on. Even after the 2008 collapse.
How does I used Google?
Your constant assumption-making is a presage to your downfall.
Enjoy the gutter.
I'm not sure who to feel more sorry for, you or akak.
If I have a very good week I buy Gold. If I have an average week I buy Silver. I don't even worry about buying a dip or even what the price is. Gold and Silver will soon buy an infinite amount of fiat paper Dollars.
One day soon I will dumpster dive for worthless FRN's behind a bank and use them in my fireplace for winter warmth.
I just got my first 100 oz bar.
I am making new purchases of physical silver and gold at 44 and 1500.
Bought both yesterday. Nothing in quantity like I did with my first silver/gold purchases years ago. But I am adding some silver and a bit of gold every couple weeks or couple months as the case may be.
did i screw up buy purchasing much more physical gold than silver. im getting silver envy here!
No, Gold is sitting on a spring that is getting compressed everyday.
L-J-S is right. For me, gold is the way to go if you have the patience. But, holding silver has been a great spec!
Disclosure: I hold 'em all (Au, Ag, Pt, Pd, Pb), mostly in gold.
Bernanke May Sustain Stimulus to Avoid ‘Cold Turkey’ End to Aid Bloomberg
There won't be a cold turkey.
Ray Charles said even he saw this coming. And no, he didn't need bloomblurb.
now under 34:1
Army ants running up JPMs pantlegs.
.
And here I was offering my coin for $44.00 for any ZH'r. Well all you smart investors missed that boat as I now rescind that offer. haha
Back to $48 (for now) for everyone.
http://www.mundogold.com
Who cares! Gold and silver are the red-headed step child bitches to the internet and consumer mania stocks.
Even with levered positions in both the metals the YOKU, DANG, MOBI, PWRD, SNDA, SINA, PCLN, LULU, WFMI and PWRD names are and will continue to smoke them from a performance standpoint...
Unreal....
correction: real.
read 'em and weep.
Dude, it's only going higher!
Deflation, Inflation... nearly irrelevant.
The retail investor will be left in the dust as "positioned" banks have no intention on letting them in on this trade.
Yeah, exactly, what is unreal? That gay men's fashion stocks stopped going up every second...or the silver thing?
really? Dammit, and I was looking to buy some stock in "International Male".
Robo sure does love him some gay men fashion Abercrombie assless jeans stocks.
+ 1
Yeah ... I was wondering the same thing.
And am still laughing. I will laugh some more tomorrow.
Real.
Be brave when others are afraid, and afraid when others are brave.
The end is very close.
I can think of $14Trillion+ reasons why you are correct!
Get yer silver underwear.
http://www.aitsafe.com/cf/add.cfm?userid=1151290&product=a261-S+Silverel...
Super duper real-like...in like real reality en shit. Get real, real fizzikal yo.
How come it's never unreal when one of your stupid fucking fantasy bullshit retail stocks does that? Because you're an intellectually dishonest pricktroll?
RoboFAIL, in da house. Let's get this party started. 46 anyone?
The great thing was I saw something come across the Bloomberg ticker that said the Bernank wasn't going to let the economy go "cold turkey" off of QE2. Bring on the methadone!
Here you go! Looks like Rickards called it at KWN.
http://www.bloomberg.com/news/2011-04-19/bernanke-may-reinvest-maturing-debt-to-avoid-cold-turkey-end-to-stimulus.html
50+. Announcement probably to come on 4/27.
Paging Mr Bernank to FED methadone clinic, stat!
Cold turkey was needed in 2008. Now with trillions in dope added it will be worse. There's a 75,000 billion dollar overhang. In that hole Bernanke is blowing his money. The US economy is actually worth -61,000 billion dollar. The US is technically bankrupt. Its a gigantic Ponzi scheme and when it comes finally down watch out. Deflationary Depression is inevitably. The housing sector is showing the way. Now the states are laying off teachers in the tens of thousands. 45% of Americans are working and falling. It has just started. You see nothing yet but this is the end of the American age and its neo-liberal neo-con parasites. And they are bullying Central banks into financing this failing war economy. This is a bad joke. The American and British establishment is totally clueless how to manage a war economy. They are stupid. Hang them.
Yay! 44 devalued FRN's
The FED is devaluing the dollar! But silver is up! oh..wait a second...
Note to junkers...I own physical too. ;)
I wasn't going to junk you, but you are missing that silver is undervalued for inflation anyway. So, technically you are catching up to the inflation but really your net worth is increasing especially against the DOW in oz of silver. Just keep that in mind. :)
.
Sweet! But i think it is taking its (silver) sweet time getting to > $100 U.S. JPM must still be holding the ball underwater.
Miners can't catch a bid. LMAO
Smackdown on the way!
Disclosure: Long $25 SLV Puts
Yes, you are a complete and utter failure, aren't you?
If you really wanna laugh your @$$ completely off yer body, run charts of SPX, USB, HUI and even gold measured in silver, show 'em to your favorite "don't worry be happy"ers and watch the simpering grimaces on their faces.
Cuntpared to silver, EVERYTHING ELSE SUCKS!
And nobody coulda seen it comin'... (Act surprised)
Give us a date on those puts, so we can either congratulate your sagacity or gloat at your stupidity when they expire.
I love the smell of silver in the morning.
and colloidal in my coffee
I lol-ed
I added a splash to my vodka.
ZH, puleeeease quit reminding me every day (there is a new record) what a chicken$#!+ I was for not mortgaging my home, selling most my stuff and leveraging what was left to the max, kicking out all my rifles, pistols & shotguns and loading my monstrosity gun safe slap full of 1,000 ounce CRIMEX good delivery bars (i.e. BTFD) when papersilver price dipped below 9,000 milliFeRNs in 2008!
SLV reminds me of QCOM in 1999.
It is going to be a huge short eventually.
Gotta wait to see a massive key outside day reversal.
Fuck you, Robo. Go all in short on leverage today.
Sorry, unlike you, I have discipline. I'll wait for the signal first. It could go to $100 before it reverses.
I still have plenty of physical, I'll be scaling out of some of my coins when things get really crazy. But I'll be shorting the paper eventually. It is going to be the "trade of the decade...."
look yourself in the mirror. you won't have the courage to short slv. your brain flies all over the place which sabotages success. plus, you'll be too busy posting and taunting to make money.
I'm sure that there were plenty of short-term center-thinkers doing similarly during the glory days of the Weimar stock market, too.
"But, but, but, markets ALWAYS have to correct and revert to the mean eventually, don't they?"
LobotTrader, you need to open your pathetically blinkered eyes and:
1) learn the difference between nominal gains and real gains,
2) realize that your beloved financial and monetary status-quo is dying before your eyes.
Bullshit. If you had "discipline", you wouldn't be bitching and bad-mouthing the CIGAs. You have lost, and you know it.
Sore loser, and worse, a fool who holds onto losing positions.
Have some conviction in your bullshit and sell your supposed physical silver now, and go short.
You're full of shit plain and simple. Starting with how you supposedly "retired" to trade for a living.
More like "got his ass fired for incompetence".
His mother is mad because the old hag can't get any sex with his fat, balding ass in the house.
I would imagine the scene is something like this, at 2:25: http://www.youtube.com/watch?v=TVXqJ3A6NWw
You must have misheard Lobot --- he said that he is too retarded to trade for a living!
If your where not tucked inside your asshole, you could see that it is now.
Robo has a couple of good points even if it is currently ill-advised. Silver should not be the only investment we hold, though it is my main. Also, at some point, we may have to get out into something else like arable land, girlie jeans, Victoria Secret lingerie. Let us not get too myopic.
I still have plenty of physical, I'll be scaling out of some of my coins when things get really crazy.
just curious RT, what's your definition of crazy? that's a serious question, do you have a price point in mind?
You have as much discipline as the Fed has with printing money, if any of your monday morning QB posts are any indication..
Seriously, you must have ment Lulu reminds you of QCOM. Are you ok, Robo?
robottrader reminds me of a crybaby who can't come to grips with the fact that he was wrong about gold and silver, and missed a huge run.
now, his fear-based portfolio of widows and orphans stocks lags huge, and he has performance anxiety, and a green, jealous envy of those living in the hamptons with russian girls of the night on the side.
LOL Robo keep whining.
QCOM....got out early and made a fortune friend. Probably the same with silver, but not selling.
I was lucky too back in the day with my 100 shares. No fortune, but a BIG % gain with my QCOM way back then.
SOON, I may start trading in some of my silver for gold.
This is stupidest fucking thing you have ever posted, and THAT is saying A LOT.
do you think one day they'll offer a silver amnesty where you can exchange your coin for your mortgage paper ?
Silver amnesty = They will let you turn it in to the govt for $15/oz, no questions asked, for a while. After that you will be charged and arrested.
Remember... In a hyperinflationary scenario Gold and Silver could theoretically go to infinity. However, I wonder if it might be wise to sell small chunks of the hard stuff as landmark prices are taken out? Decisions, decisions.
Exactly. Better start ringing the cash register when things get out of control. To let all that profit disappear is just plain stupid. I'm not greedy. Sheesh, just one box of silver eagles I bought in 2003 can buy me a freaking Prius right now!!!
Hey Robo you were calling the top when silver was at $30! But youre still holding those silver eagles? Uh huh, sure, I think ye be full of horse apples!
Apples? Is that what it's called now?
Prius is a freaking money pit. Get a yaris if you want good gas milage.
I plan on trading my Gold and Silver for food and energy as everyone else starves and freeze to death.
Go solar so you will at least have free lighting.
Maybe a few panels soon. Waiting for the Canadian election to decide which ass grabbing talking head will be our next 'dear leader'. Seems I heard one of them was offering a tax break for green energy spending.
LOL
yeah thats what it is all about FunkyOldGeezer
Something's gotta give. All the financial shit that's been happening in the past few weeks makes me think that TPTB are losing it. Geithner, Obama, and Bernanke running around assuring everyone that "all is well" in the midst of an S&P downgrade while gold and silver shoot the moon. I am thinking this is not a good sign.
Yet the criterion of truth is that it works even if nobody is prepared to acknowledge it.
Ludwig von Mises
http://mises.org/
Wiemar and Zimbabwe are US
Pricing action has seemed rather contrived lately.
OK, honest...who is buying physical here and now???
Last purchase was at $37 and that seemed high...do I keep on w/ my cash to PM's program or take a pause? n.
Opinions???
Are you planning on the U.S. Dollar being more valuable than physical silver anytime soon? If you are, then I'll buy your silver from you @ spot.
Not selling (unless you are happy to pay above spot?) -
Just asking are people looking at this as an entry point for more physical?
Think long term.
And yes.
no way - this is way too expensive....wouldnt you agree???
LOL expensive compared to what? Dollars Euros?
Expensive is relative, each time I buy silver, I think it's expensive. I'm 54 and started collecting coins when I was 8, just about the time they were phasing silver out of circulation, but we still found plenty of silver coins in circulation. Bought some gold coins in the 70's when it was $120 an ounce, hat tip to John Kamin of the Forecaster who influenced me to do so. But actually a watershed event in my life was when I found ZH in July 2009. I know, I just registered as a member relatively recently, but I tend to learn more when I read. After having visited ZH for about a month, I announced to the wife that we were going to take 50% of our liquid wealth and put it into gold and silver. I got the usual eye roll like I was crazy, now she thinks "we're" doing really good. I have to tell her that it's just the dollar is doing really bad and I think she's caught on to the concept a little, particularly when she goes to the store. Anyway, got gold at $940 an ounce and bought a bag of junk silver when it was $14 and change, a few months later when it was $17 and change and the last purchase was November 2010 when it was $27 and change. Every time I buy, I think it's expensive compared to the kid who would pick silver out of change. Yet, when all is said and done, we may be able to walk away from the table with something other than toilet paper.
Expensive is relative
Ditto that. Especially the eye rolling. But my closest friends and family have a different look in their eyes as of late.
I go to a flea market every month and pick up coins at a good price - did 2 weeks ago and will 2 weeks from now. It has worked out well for over 2 1/2 years now..
Bingo!
Can't print Silver.
Been doing it whenever I see a piece I like for two decades now.
I remember the same when I was buying Silver at $12 and Gold at $700. I'm still buying and don't even care about the numbers of rapidly declining value of FRN's that requires.
LJS,
I agree, long term not next week is my goal. Even if we take a crash tonight, I'm still going to keep buying physical. I see no reason to stop the base line on physical holdings at all.
If there was a crash tonight I think it might be difficult to buy physical tomorrow.
But until then (when?) I keep buying and holding for the long term too.
Duplicate (sorry)
bought another 100 oz at 40.7
another 150oz @ 43.00 Have not even got delivery yet. I show you Inflation/devaluation first 100 bucks bought 5 eagles now I can't even get 2 with the 2-Ply(Less that 1 year later). Au @ 280 :) 1999
I bought xxx Ag @ $7
I bought xxx Au @ $400
I buy every month.
Cash is trash.
Being honest, $32.00 was too expensive for me. PMs are a store of wealth so it's all relative.
Silver Miners (SIL) finally reacting, could it be the unwind of the Long Metal/Short Miners trade? Bought me some 29 May calls just in case...
Must be the unwind as the up move correlated with other silver stocks. At 2:30, sold all Sil at 28.39 and moved into PSLV as it started its final move up. Was sure the same inverse relationship would play out. Man was I wrong. Lost a 1% move and kicking myself, but if all silver related stocks start to correlate, then the days of this being a manipulated market may be at an end. Shorts may be throwing in the towel provide a nice bid under any dip for the next few days. Good to be in PMs now (may be time to shift a little more to gold.) Very good.
Also add that SIL (and mining sector) at 28.76 maybe the only place to get silver in the low 30's (last I read, $28 SIL price level correlated to $28-30 oz.)
Now if every two-bit dictator starts nationalizing, there could be an issue, but my sense is tha they will get bribed sufficiently short of that decision.
Some dogs are starting to bark.
AEM up over 5% today.
The dog in your new profile pic is barking. Bring back Ol Catfishmouth!
yeah, but do you have the courage to hold for the big move? you've held them this long. will you bail at break even? or will you have the courage to hold based on a world view that the problems in the usa are intractable?
my hunch is you bail at break even.
And those who actually wish to buy American Eagles can do so at the low, low price of $47.32 on Monex.
i simply don't understand why one would have to pay 47.32 to buy silver coins, when it is @ $44.00? i don't know much, mind you†
Why do grocery stores sell food at prices above what they paid for it?
There's two components to this. One is you're paying mark-up/commission on the trade.
The other is, $44 is for a chunk of raw silver in bulk. An eagle is a small portion, assayed, and manufacturered into a beautiful coin, so you're paying fabrication costs.
If you buy large bars the per-ounce premium is lower, but they're harder to handle and you can't sell of just one ounce easily. I will say, though, having a few 100oz bars is pretty satisfying in the holding-them-and-calling-them-my-precious kind of way.
Yes, my precious ... very satisfying (even at several 10 oz. bars ;) -
Just look at all my precious,
Sitting there all in a row,
Round ones, squarish ones,
Silver ones, gold ones,
Some as big as your head!
Welcome to the party pal. if you know why then you also don't know your going to need monthss of bottled water, ammo, stored food...did I mention barbed wire as well?
Non-GMO seeds, back up generators, lotsa tools, first aid kits, bug out bags, on and on...
Silver is saying that Timmy boy's assurances of a AAA credit rating are empty.
Who would have imagined?
I'm a rube. An amateur. But I think silver is saying there's a greater demand than there is a supply. How many people all over the world are sick to death of the disgraceful scumbags in DC? I think there might be quite a few. How many of them wish to ditch the dollar? Again, I think there might be quite a few. So what is a good substitute? Why, its silver and gold, idn't it? The problem arises from the lack of ounces above the ground. One billion ounces means there's about 1/7th of an ounce each, and I alone have 15,000 times that buried in my back yard. [Well, sort of. Its in a box at the bank, actually.] If even 450,000 people had as much as I did, it would all be accounted for. So there might well be 500 times as much demand as there is supply. So, where do prices go? Prices will quadruple and production will double and in five or ten years the thing will flatten out.
"Prices will quadruple and production will double and in five or ten years the thing will flatten out"
Problem is the silver supply is inelastic:
http://www.youtube.com/watch?v=EMwmsI5plvw
Moreover, for those folks who may have bought Silver when the Silver/Gold ratio was in the mid-high 80s, it might be a good time to start playing the ratio game, bit by bit.
Gold is on sale vs. silver. GSR at about 34 today.
? GSR should be 16 to 20
i luv silver
Gold/DJI to one, or better?
Silver/DJI to fifteen, or better?
That's when it might well be time to sell.
Sell for what, FRNs? What are you going to do with them?