This page has been archived and commenting is disabled.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.
»
- 15444 reads
- Printer-friendly version
- Send to friend
- advertisements -
+100
Even though I worry about a correction (see 1975 in gold and silver), I worry more about holding (even temporarily) FRN's. Although FRN's might stage a rally, the long term trend is down and a really sharp down could basically occur overnight. Follow Jesse Livermore's advice: "the big money I made by identifying a big trend and just sitting tight" (or something to that effect)...
More or less what I said to my Dad when he asked if I would be selling any.
I rolled my eyes and told him I was buying more.
Somewhere Mark McHugh is snickering...
Whew! I officially have a ten bagger!
WOOOOHOOO!!!!!
Congrats.
Wow. I recall coming here and being "talked into" putting what would have been 401k contribs into buying physical silver... At the time silver was like $27. No broker in the world can get me this type of return. Well ZHers, thanks for steering me wrong. Yes wrong - you all should have insisted I liquidate my entire K for PM!!! (and some of you did!). But I am still a p*ssy, afraid to deal with all the penalties and taxes. Also afraid of a deflationary bout, but I do know that long term PM is the place to be...
$44 - DAMN!
Immediately after the stock market crashes again along with 401k and IRA's Obama will come out and tell everyone He's nationalizing all 401k, IRA, Private and Union retirement funds into Social Security. Every one's Social Security accounts will be credited at the pre-crash levels. All the Sheeple will praise him.
One roll of silver eagles almost worth one shiny gold eagle. No rolls to be had on Ebay under $1,000 now. You can get them for around $48 still if you are willing to go with at least a monster.
Sadly, I no longer even make 1 silver eagle an hour at my job now. Now that I think about it, I made more than an ounce of silver an hour back when I was a bus boy as a kid.
Now I'm sad. Luckily, I just remembered how many silver eagles I have.
There's no inflation, though. The bernank said so. I always just put $20 in my gas tank so the higher gas prices don't affect me, at least.
My Shop rate is $80 an hour. I've been thinking about changing it to $2 an hour in Silver Eagles.
LJS,
Thought you might find this article of interest about a Las Vegas business owner who paid his employees in gold and silver at face value:
http://www.lvrj.com/news/52636287.html
Now for everyone else, the scary part, a subpoena was issued to get the names and addresses of all the commenters on the news story:
http://www.lvrj.com/news/48145032.html
Will the people who are responsible for the silver ponzi scheme go to jail ?
urrrrrrrrrrrrrrrrrm .......
I think not
as they were acting as agents of the FED and will be defended .
period
----------Velobabe------------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†”””””””
I buy at a coin dealer. He buys at spot ($44) or less, and sells at $47. That is how he stays in business. I walk in and give him cash and walk out with the coins.
i understand now. thanks. fabrication, bitchez† three bucks for the making.
Oh noes! Silver back under $44. The bubble is bursting, sell sell sell.
/s
Love the market!
You selling physical? cause I'm buying physical only.
Can't believe no one here has posted this video: U2
http://www.youtube.com/watch?v=dy4BiKO22RY
... sell sell sell
Shit ... come on over and bring a shovel !!!
We have to dig up my backyard by the opening bell !!!
/s
How long till they up margin requirements again....
Like I said, the faster they raise margin requirements, the faster the price will go up.
Because all the overleveraged "doomsday" traders, CIGA nutcases, and GATA action junkies who constantly play the futures markets and get killed will finally be wiped out, and their positions will be snapped up for cash by more universities, endowment funds, etc.
Your jealousy is just EMBARRASSING.
Give it up already, loser.
The Dow is right where is was in Nov 2006. No growth since then. NADA! Silver is up 400% since then. Whoa... somethings wrong. Could silver be a better place than the rigged stock market?
Robo,
Please, as a day trader also, take a few minutes and listen to this clip from Bix Weir. I personally feel this is pretty close to accurate. IMHO.
http://www.youtube.com/watch?v=WfLNxE0wIbc
You really have lost it, haven't you? Take a pill dude.
Robot
Are there that many small specs left? I learned not to play the futures the hard way but at the time I learned that, my broker said then that everyone had been wiped out. The small specs have been creamed 3 or 4 times since this bull started. Maybe some are late to the ball but I think there can only be masochists left trading futures.
$44 silver? *gasp* How shocking?! (sarc)
Ebay silver rounds are going for well over $50 after shipping.
-------------robot trader--------------
I think you have a point about some sort of pullback at some point. Nothing can go up forever. 20 years ago I cashed out my stocks and bought gold and silver. I would like to keep them for the future. How would you short metals and keep your PMs? I dont trade so keep it simple please.
ZSL is a double short silver so it goes up (in FRNs) 2x when silver drops.
Stupid save button...why does it work so fast the second time but the first time it takes forever?
Cartel will have to defend $45 silver and $1500 gold tomorrow. We say they lose both battles. About time to retreat to $50 silver and Sinclair gold numbers.
www.silverdoctors.com
Ever more precious metal. My increasingly favorite picture of the wife:
http://www.facebook.com/photo.php?pid=31738088&l=49776cb899&id=151420353...
So Tom, what do you and the wife do in your spare time? :)
Don't want to be one to point out the obvoius, but Didnt the Silver price just go above JPM's Stock Price?
No but it is close.
It only has to double from here to reach it's true value in dollars. Unfortunately the dollar is being debased so quickly by the time it hits $90 it will have to double again to catch up. Then it will have to tripple to $540 since the rate of dollar devaluation curve will continue to out pace the rise of silver.
As part of spring cleanup I took some old copper submersible pump wire that had been laying around behind my shop for a few years to my local recycle guy. Ahead of me was a woman in a high-end Hummer with a little utility trailer on the back end. She was pretty ratty looking - for a Hummer driver. The Hummer was nice and shiney though. After she unloaded and left I backed my 1998 GMC truck up and as we were unloading my wire the guy told me that she comes in once a week or so with scrap metal she digs out of the dumpsters behind Walmart. For gas money, she tells him.
Anybody looking for a metric on how we're doin'?
Hey, did you see that Japanese Tsunami? Would you surf a wave like that?
http://www.youtube.com/watch?v=9FslgroEjQs
You can't kick out of a Tsunami of Silver, then go home to the beach house, Silver Surfer. Not even a long-board cuts a Tsunami, Dude. http://www.youtube.com/watch?v=sPuAwsWAc8I&feature=related MRE's Bitchez
Tyler we need an ignore button for the trolls. Please.
...bitching because silver earring hurts? What master are we sealed unto, the one pooring Silver into the BTFD Cup of Fornication? http://bible.cc/exodus/21-6.htm ...or the one we ignore as we divest the wine of wrath {risen from The Cult of Bottomless Pit ...as a mountain of debt and strong delusion} into the belly of the beast? http://bible.cc/revelation/9-4.htm
http://www.youtube.com/watch?v=lAdRCUsqg-U
Oh look a religious cult member claiming something else is a cult. What's the matter. Silver not preach forgiveness to take advantage of or helping the poor so you can collect the donation plate and buy hookers with it.
http://www.youtube.com/watch?v=PGgWhX-zNXI
Go fuck yourself in a 50 foot long closet. You fucknut.
...fear not. Shall we not Stand fast and do no harm? Do we have a choice, when we buy into the lie established by fools, what in the wide world of sport do we think we are doing? Are we tempted to think we are not now all drunken silver whores enslaved by Chairsatan's BTFD Cup, filled with the labor of the poor? Do we not have an account to reckon with my friend? The short term gains realized by these criminal bailout fools brought forth the revelation of an empty silver platter on the poors table. Funny vid though, that boy is the perfect image of contempt and completes the silver parable.
http://www.youtube.com/watch?v=YTcoEXpcZWM
P.S. I get kicked out of churches for informing them that they are ''licensed whores'' and telling them 501c3 is also a claim of dominion reserved for beasts. If we do not end the Fed and kill this tax system and restore order by establishing a commerce tax only system, so we are free and independent, we will never sustain liberty and justice for all, we will continue to self devour and claim our own unequal image. Right now we have no mercy, we have law that declares the host of the law to be in breach of the law. The host lives in agreement with contempt.
From the so called religous orders, to the secular rule of thumb, we are as pathetic as Babylon is fallen. You do not have to agree in Christ to understand the principle revelation of mercy but, you do not have a choice, ever knee shall bow to the Truth in the end. Shall we not rise from our knees now and stand fast against the offer of temptation or shall we, as you put it, go screw ourselves in the 50 foot long ''silver'' closet like a fucknut?
After gold and silver, what's the best metal to own?
lead and palladium......in that order.
lead and palladium......in that order.
Just curious, have any of you cool kids taken screen shots when trolls like Meth Lady show up? I noticed he doesn't even get junked anymore. I figure one should just reply with past copies of thier old posts right underneath them so everyone can see what fucknuts they are. Or should I say fucknut as they're probably the same overweight, D&D playing, gouber hunkerd down in their double wide.
in D&D precious metals are money...so they probably don't play that as it would drive them nuts.
Seen it done here by Tyler and others, it's a real hoot.
I propose a little research project for someone far more technically savvy than this li'l redneck.
Was flipping through the channels about 16:50 today, heard Math Man's famous "pull it out of the ground for $5" quote on Foxbiz's "Bulls and Bears".
Who is that guy, and is he for real???
Silver at $50 is WAY undervalued. Remember just to reach the same high it hit in 1980 we would need to see $150 per oz. And that is using the governments fake inflation numbers. $150 per oz just to match a three decade old high! Now do we want to talk about how much Silver does not exist compared to the 80's? Or the gigantic short positions STILL held by JPM & HSBC while the CFTC circle jerks themselves (save Chilton)
Or the exploding worldwide demand for Silver? Or the worldwide ongoing financial crisis that keeps getting worse? Or the FACT that hardly anyone owns Silver? If 1% of total global assets are in Gold, you know that percentage is smaller for Silver.
So who are these top callers kidding? Silver dribbled for over three decades in the single digits per oz!! I don't care if we see a $10 'correction' overnight, I've got paper dollars on the sidelines waiting to BTFD! The fact of the matter is that the fundamentals behind Silver are golden. And I wouldn't sell at this undervalued price for paper paper dollars, not by a long shot. And while I like these single dollar up days, THIS IS NOTHING compared to what is comming!
Agreed, I always tell people what the heck are you going to sell it for? I dont want paper!
To me, silver has always been a more practical metal than gold.
From the price of things, looks like more and more - lots of people really want it too.
Good thing about it - you can always get something for it.
Back in January 1980, Silver moved anything up to $6+ in a day, so the current $1-$2 moves look rather less than crazy or parabolic in comparison. Also, it went from $6 to $49 in a little over a year. That's over 800%.
We ain't seen nothin' yet. What do you think?
The great Tulip craze
Will ya still knead me
Will ya still bleed me
When I'm $64?
Boomp boomp
Fuck
Fuck You PPT.....You's Sachs of shit.
You exspecially Little Timmy.
I did the same, but worse I bought pre-33 $20 Gold back when it was $200 over spot Gold. Now the stuff is only worth about $50 more than Spot
Trade your coloring paper for real wealth...
I like that. That's a new one. Pricktroll. Good one!
I like that. That's a new one. Pricktroll. Good one!
ZeroHedge:
I want to thank you for activating my membership. I have been
a regular visitor ever since I heard of you.
It was only 9 months ago when I woke up and joined the blessed
enthusiasts of silver buyers.
I am still learning my A B C in this whole matter, yet my mind
had been set on joining all these guys
that I don't know any of them, yet share the ultimate goal of
taking the power back and putting it in the hands of the
people ( We the People ).
My stockpile of silver grows on daily basis, as I am blessed
with a well-earning business, and so my investment
is flowing in one direction: Buy Silver when I can.
Finally Guys: I am very glad to be in here and read all what
you say and share.
Standing Man.
Consider that 161 of 162 hedge funds are piled in waiting 'praying' Apple is going to move up. I think I'll pass on Apple.
In the summer of '09 a friend died, and I ended up consoling his wife a lot. She was surprised to find boxes of silver eagles hidden all around his office and shop. She wanted to know how to sell them. I managed to talk her into holding onto them. I tried to get her to invest some of the stock portfolio he left in more silver. I had her convinced, but her 30 year old son told her I was just one of those conspiracy weirdos and it was just a fantasy, nothing would ever happen to silver. she still has the boxes of eagles, but recently, she told me there was a big bag of dimes that she found, and she just rolled them up and took them to the bank to deposit. She said $500 worth or so. I asked her if they were silver, and she said they were just dimes that her husband had saved, since his death they had been using them to play poker with. I asked her about the dates on the dimes and she had no idea. I didn't even try to explain it to her.
I don't know anyone who has silver or gold except for 3 people I have convinced over the last few years, and this widow. Everybody else looks at you like you're crazy when you bring it up.
And we're in a bubble?
LOL, indeed! This must be the "bubble" with the lowest level of participation (or even knowledge!) on the part of the public in financial history.
Great story, by the way, thanks for sharing it.
22 How long, ye simple ones, will ye love simplicity? and the scorners delight in their scorning, and fools hate knowledge?
23 Turn you at my reproof: behold, I will pour out my spirit unto you, I will make known my words unto you.
24 Because I have called, and ye refused; I have stretched out my hand, and no man regarded;
25 But ye have set at nought all my counsel, and would none of my reproof:
26 I also will laugh at your calamity; I will mock when your fear cometh;
27 When your fear cometh as desolation, and your destruction cometh as a whirlwind; when distress and anguish cometh upon you.
28 Then shall they call upon me, but I will not answer; they shall seek me early, but they shall not find me:
29 For that they hated knowledge, and did not choose the fear of the LORD:
30 They would none of my counsel: they despised all my reproof.
31 Therefore shall they eat of the fruit of their own way, and be filled with their own devices.
32 For the turning away of the simple shall slay them, and the prosperity of fools shall destroy them.
33 But whoso hearkeneth unto me shall dwell safely, and shall be quiet from fear of evil.
Proverbs 1
King James Version