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Holiday, No Holiday, Doesn't Matter: Silver Still Up By A Buck
Not content with rising by a dollar during all recent regular work days, silver is now up a buck on a holiday. Doesn't make much sense, but we'll take it.
And for something actually relevant, below is yesterday's Gold options reports from FMX Connect, whose calls so far have been spot on.
Summary
June Gold settled at $1503.80 per troy ounce, a gain of $4.90 for the day. Gold continued to trend higher ahead of a long, holiday weekend. Options trading was steady and a continuation of yesterday’s activity. Volatility was slightly lower going into a long weekend.
Commentary & Analysis:
Today’s futures activity was a repeat of yesterday’s. The options activity also mirrored yesterday but at a lower volume of interest. In this article, we’d like to lay out what we think will happen to gold over the next 6 days. Before we do let’s discuss the futures activity. Today, as in the last 4 or 5 days, the market was very orderly. It traded new all-time highs overnight. While futures came in higher on the Comex, they traded in a tight range, approaching but never piercing the overnight high. The range has consistently been between 1495 and 1507. Every day it moves up a couple dollars. Today it was 1500-1510, with most of the day spent between 1501-1507. We’ve seen this behavior before. When you combine this activity with a big holiday weekend and a specific type of options open interest you have a setup for a $20 move higher.
There were 6800 lots of open interest in the May 1500 call going into today and interest has remained at that level for some time. Market making firms and locals are long, while banks are playing from the short side. Banks have the deeper pockets and one might assume that the strike will be pinned if he is a student of history. And so here we are, hovering around the strike, ripe for a pin.
Enter the May 1520 call buyer. Over the last 3 days large volumes of the 1520 call have been purchased. with approximately 6400 contracts trading on Tuesday alone, almost all of them purchased near the days’ lows. These are not impulsive buys; on the contrary, they seem well thought out. We believe the long is strong and once the May 1500 gravity is broken, as is happening slowly, a nice pop in the market will occur. Finally, take note of the market’s opening schedule reposted here and its implications for futures liquidity:
• April 21st, Holy Thursday: day before a holiday
• April 22nd: Good Friday: CME Closed
• April 23rd,Easter Saturday: Markets Closed
• April 24th,Easter Sunday: Markets Closed
• April 25th, Easter Monday: LME Closed (Largest Physical Bullion Exchange Worldwide)
• April 26th, Tuesday: May Options Expiration CME
While everyone we speak with is worried about the 1500 strike being pinned we think the 1520 is more significant. If we go to the 1520 strike money will change hands in a spectacular fashion, whether we pin it, progress through, or fail.
As for the other months, August calls were bid, specifically the 1600 strike. This was a different type of buyer from the 1700 call buyer yesterday but both were bullish. June calls were also bid but found sellers in the futures selloff and never quite recovered. August, however, remained firm. June at-the-money options were lower from two types of sellers, retail liquidating 1500 calls for a profit and speculative bulls selling naked puts the 1500-1480 area. As stated many times before, if this market continues to bid call skew then puts will have to give up, and we are finally starting to see that in the December 1300-1200 area. There were sellers of the December 1200 put in outright and spread form today. If this continues we will have seen the continuation of the skew transformation. Finally, December 1700 and 1800 calls are untouchable.
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Don't let Turd know, he'll never forgive you.
Looks like you fell for the troll's antics.
Here is real evidence of the damage these fucks do. You have lost out on a huge additional gain, at least in part due to the environment of fear these bastards created.
God damn rusty. You are the WORST DOOMER EVA!!!
LOL
Been holding commodities in my portfolio for a while now including sprott's funds, but finally got physical yesterday. If you haven't done it yet, as many have said on this blog, do it. Now. There is a sense of safety and security that comes along with holding it. There is no doubt in my mind that we will see silver and gold become the next mania, get in front of it, sell into it.
Verum, Drop a silver dollar from four feet on to a hard floor.,Now drop a piece of fiat. Any questions?
Now drop a (fresh) dead cat. Any questions?
Isn't science fun?
And dead cats dont ACTUALLY bounce.... ;P
Have you tried dropping one from top of the Empire State Bldg? Depending on the cat, you may need to drop it from a lower floor. Do it in stealth mode. Someone's liable to be pissed (cops, cat lovers, etc). And make sure it's a stiff one. Sometimes just the guts or the head bounces instead of the whole cat.
I'll second the psychological reassurance of it. Simply having it in your hand or knowing it's on your property is a huge calming influence.
I've got a few buddies who are quite bright but don't yet have any and I'm just going to donate an eagle to each of em. Once you hold it, it takes hold of your brain.
It is rational if there is anything to the China rumors.
Good Lord. Jesus has risen 2 days early!
Jesus did not rise on Ishtar pagan Sun-day.
Amen SD One.
Amen...ra
And the moneychangers ain't too happy about it.
Did anyone else get a flash from their wire services that GS was down 24% in European trading? I got a text flash that it was was down 36.71 (24.04%) to 115.99 just a half hour ago. Freaking weird...
Sign from God on Good Friday?
Just God doing God's work.
hiccup.
That's what I figure, someone having fun in Euroland with us Yanks.
Well; this is a good article. very interesting indeed.
I am sure it is just bad data, but my esignal is showing Government Sachs traded at .14 cents after market.... oh one can only dream of $500 silver and GS @ 0.01........ or just wait patiently for the day when the dream is a reality...
Silver is rising cause the Crimex is closed.
I am a silver bug, but seriously, this constant huge gains is worrying me. Who is buying at these prices? Just seems too good to be true.
I'm not nervous as I'm all physical in my possession. But the rise is troubling.
Must remember "context" when you are talking about price rise. Price is really just a number. Priced in what?
Think about how much a basket of ________(insert commodities here) an ounce of silver buys compared to a year ago and you will understand that, while silver is still an excellent investment, the rise is not so steep.
Silver has traditionally been under-owned vis-a-vis Gold and Gold has been under-owned in portfolios for 30 years. What is occuring now is a gradual but quickening realization of this. It also has several industrial uses that are hard to replace (although they are trying as price moves up.)
Add to this that silver is a very small market -- much smaller than Gold -- and its price has been traditionally manipulated downward by a few large holders (to accumulate more of it) and you have reasons entirely separate from currency devaluation to own it.
Many posts here on how/when to recognize a mania so stay tuned and sell to sleep. Also expect pullbacks. But their are several dynamics playing out right now other than Bernanke that make this a good long term investment.
Kinda strange we all knew this was going to happen , so now the price is going up its freaking us out!!!! . On another note I bet everyone is thinking, should of bought more.
yeah pretty much, i could of bought about 5k more when silver was $18 but ended up buying a gun and some furniture instead. Ah well I'm still rich and my house looks well furnished and I have a Kimber .45 that I love to shoot with.
I buy with every spare dollar I can find, no matter the price. After 3 years, I finally bought my 600th oz a few weeks ago. Goal is 1000.
The Chinese are cornering the market. Unlike the Hunt brothers our government can't do a damn thing about it. Soon you'll see $20 rise a day as it heads to $1,000 an ounce because Silver MUST be used in some products.
Wow that really would be something to see, there would be chaos.
I predicted 2 weeks ago that Silver would be $50 at the end of this week. Try and buy any physical Silver for less today.
I honestly think the public are buying this - they have decided their savings accounts unit of account will be silver.
There is A LOT of term deposits out there looking for a Silver Slut.
....and sluts are cheaper then wives unless you make a foolish mistake.
I think one of my my main qualms with those who think that gold and silver are in a bubble is that participation has not been all that great . Speculative bubbles are characterised by huge public participation . We haven't seen that . Personally I think we're just getting started , particularly regarding silver .
Oh and cheers for the reply yesterday . I believe I will indeed be choosing to have some of my purchases held in Switzerland . Although I'll certainly be taking physical delivery of a portion , just as a precuation
Its pretty maddening - those Swiss Gnomes are making some Money out of Irish Misery and then we deposit our PMs there.
But such is life - its just game theory at this stage so we have to defect now our Goverment has effectively walked into the Phoenix park - waited for nightfall , dropped its pants and stuck its arse in the air.
In fairness though , you'd have a hard time finding anyone willing to tap that .
I think one of my my main qualms with those who think that gold and silver are in a bubble is that participation has not been all that great . Speculative bubbles are characterised by huge public participation . We haven't seen that . Personally I think we're just getting started , particularly regarding silver .
Oh and cheers for the reply yesterday . I believe I will indeed be choosing to have some of my purchases held in Switzerland . Although I'll certainly be taking physical delivery of a portion , just as a precuation
lol +13
My sentiments exactly.. There will be a dip one of these days and it will probably be a doosy.. I will be all over it..
It's called short covering. That's when people who have sold a stock (ETF) short, buy it to cover their position. google it...
I'm buying silver at these prices (I do try to wait for a dip however) because I believe it is still a bargain. In the meantime there will be much drama on the way to $500 and I'll enjoy every bit of it.
"I am a silver bug, but seriously, this constant huge gains is worrying me. Who is buying at these prices? Just seems too good to be true."
Agreed. As a long time buyer (40+ yrs) I am a bit nervous with the recent price action. No intentions to sell, mind you, but my buying slowed significantly over a month ago.
+++ you can still trade if you pay a small vig. silver for silver, in shops.
when the Hunts took silver for the ride, they just bought up every contract, pretty much, for a while, i think. shorts were out buying old silver dollars by the cubic yard and sending US coins to smelter, for bullion.
now we know people are cashing out coins. then we see pople come in and buy the same coins. i think there's plenty of product. no end to the FRNs, either!
there is a whole sideshow of economic idiots, myself included, who think maybe the FED is not gonna be able to control inflation after a certain point, which has already been, unhh,...passed... so, how's that for nervous, Pema?
The price in FRNs doesn't matter. The price in gold matters.
And ... nice avatar.
I hear ya. The fundies haven't changed, but that chart is starting to make me nervous.
Disclaimer: I own physical and SLV calls.
This price isn't that high. I'm still buying.
I do not have this print of $47.71 on my charts. Is this a joke?
Same here, Kitco shows 46.68.
You need to access one of the sites that quotes global prices in non-US markets because the US markets are closed today.
Yes, of course, I forgot. The oil bull chart has one-minute bars: the 47.71 is currently being sold off: current print 47.23.
Will be curious to see if 47 holds into next week.
Funny part is, there were a few silver sourpusses around here a few days ago saying 'silver wont hold $41, no way'. Tryin to remember who that was....hmmmm...
Me, Danger Time, some other dude that claims it costs only $5 to dig out of the ground. We are the "ZH anti-silver troll" contingent. I understand people can get emotional about it. Just trying to represent the "other side."
Better polish up that shovel and get to diggin!
There is no "other" side on this supply/demand and supression/manipulation equation. It's called the "wrong" side of the trade. Silver is simply trying to find its rightful value after all these years.
Use your head, and buy some physical.
Indeed. The 'other side' is thoughtless normalcy bias that can't recognize a paradigm shift if slaps them in the face and then takes off like an Atlas/Centaur rocket. With analysis this sophisticated, these guys must still be waiting for Pioneer 10 to fall back down.
Try this chart (select metal, silver):
http://www.bullionvault.com/gold-price-chart.do
from kitco, no move:
http://www.nowandfutures.com/metals.html
from bullionvault, change to silver and there is the move:
http://live.bullionvault.com/gold-price-chart.do
Are we parabolic yet? Can I finally short silver?
I dont think we are yet. If you like to use history as a reference the late 70's silver explosion ended with a 75% move in one month and the chart was literally vertical. We are stomping higher here for sure but I dont see vertical just yet. If we keep making 5% up moves in a day, however, we will be getting there very very quickly.
Hung at 46.68 - trading done for the day?
I'll be selling some of my silver bars on Monday and trading them for Palladium and Platinum. I'm a believer in a coming economic boom in emerging markets, and I think Palladium and Platinum are underpriced and silver is way overextended.
Besides, my silver weighting has gone way out of control, I need to be prudent and re-balance a little. Just in the last 6 months, my silver weighting in my PM stash has gone from 40% to 65%. Incredible....
Yes, yes, sell your silver. Sell ALL of it.
Because you don't deserve it.
+100 [which is coincidentally where silver will be in ~50 days or less]
Robotbrain says his 'PM weighting' has gone up dramatically recently, yet hes been saying he's selling/ shorting PM's since silver was around $28. I think his mom has been giving him bottlecaps and telling him theyre silver eagles.
How about you track all your trades on SocialPicks or Mint, so we can marvel at the timing and performance?
Hello?
Crickets.
Wait, the ratios still have room to correct by a factor of two.
@ GSR: 16:1 then I would start converting.
Interesting trade. I'm just hanging on, I think it's got a ways to go being a partial montetary metal ;-)
Robo, the only silver you've ever owned is the amalgam in your rotten teeth :) Seems obvious that the mercury has had more effect on your life than the silver has though.
>>chirp<<
OK you do that Robo. Youve been saying youll surely sell your silver tomorrow since it was $28.
So in other words, if silver is headed to parity with gold in a few years, and that is the MAIN reason it is trading the way it is these days, you want no part of it, as that would be beyond your robot-like analytic capabilities. That would fit in with much of what I hear from other robot-like characters.
Hip-Tip: Silver is headed to parity and then a premium to gold in a few years so it is good to see the brain-dead happily getting out with a measly few BernankyBux. Leaves more for those with unrobot-like vision.
Sesame Street PM Investing for Robots:
Pt = > $1700 / oz
Au = > $1500 / oz
Pd = > $750 / oz
Ag = < $50 / oz
One of these things is not like the other things.
One of these things just isn't the same.
Can YOU say which one?
ROFLMAO. I actually like Robo despite some of his cognitive maladjustments, esp. re: PM, but that was good.
You're so full of shit.
Oh, now that's funny...Although, I would suggest stocking up on Silvadene. The burns you
receive are going to be extensive...
Robo's PM 'Stash':
1 - Gold 1/20th-oz. Canadian Maple Leaf coin ($83)
3 - Generic 1-oz. Silver Rounds ($144)
Yep, he's definitely overweight silver...
"I'm a believer in a coming economic boom"
You don't say...
I gotta hand it to you robo, you are one of the most consistent posters on this site.
"Gotta have faith..." - Fred Durst
Of course he's consistent. He's a piece of software.
How the world is really organized.
Deciever - believer
Deciever - believer
deciever - believer
Let me know what you want. I'll tell you what you have to believe to NOT GET IT.
ur gonna need some big bars to get much Platinum for silver, genius
? funny I don't ever remember you saying you even owned any PM's in fact you used to bash Pm's if I remember correctly
What I want for easter.
I want thousand and thousand of clowns and drama llamas.
I want yahoo spitting out stupid story after stupid story.
I want AOL. Yes I want AOL. That fucking piece of shit internet stock that fucked everybody on the tech bubble that just won't fucking lie down and die to turn into a 'reputable' news site and buzz the fuck out of the internet about stupid rediculous crap.
I want more goddamn cowbell than is seeable, believable, tolerable. I want so much fucking cowbell it makes the fucking south african vulvuzela thing look like a kazoo party.
And I don't even have to pray for what I want. Because it's just fucking predictable.
"A national criminal record's search shows the CEO was arrested and/or charged in various Courts for: Grand Theft, Forgery, UnlawfulEntry Motor Vehicle Theft-1, Drug Violations, and Traffic in Stolen Property".
I want this guy in charge of fucking OCZ. I want him to be the CEO of a publicly traded goddamn company. I want him pulling shit like this.....
"OCZ claims to have sold its Neural Impulse Actuator line to acompany that was incorporated, at most, just seven days before the sale took place. Public filings showOCZ shares the same address as the purported buyer, a company called BCInet"
And I want that to be the tip of a fucking iceberg. A iceberg so fucking huge it sinks half of the fucking fortune 500, 3/4's of the nikkei. Destroys all the banks because they got so fucking big nobody can take them over and save thier ass any more.
I want mel gibson drunk off his ass puking in the streets because nobody watched his stupid jesus movie so the advertisers stopped payment.
I want babbling 50 foot closet cunts with whore fucking husbands delivering prepackaged send money to help these poor starving pieces of bait that gets us blow and hookers.
i want some really really selfish shit passed off as goodness and wholesomeness.
And it doesn't matter what I want because this is the dogshit you scrape off your shoe that runs this stupid fucking world. With help from a lying ass heaven.
So fire up the bullshit storm machine and just baffle us and amaze us. But don't make us laugh at you.
Somebodies angry :(
You're among friends here, no need to hold back. Let your feelings out.
I just have to bring up 1 question, no one watched Mel Gibsons stupid Jesus movie? Wasnt that like the highest grossing movie of all time for a while?
" I wanted to breathe smoke. I wanted to burn the Louvre. I'd do the Elgin Marbles with a sledgehammer and wipe my ass with the Mona Lisa. This is my world, now. This is my world, my world, and those ancient people are dead."
i feel ya friendo
I want some of what he's on.
Guess Blythe will have her work cut out for her when she gets back next week. Happy Easter Blythe!
Does anyone really think the rising price of Silver is going to hurt Blythe, The Fed or JPM? Please, You and i know that whatever happens will be put on us "Gringos" Tax bill.
Taxpayers and all dollar holders are getting hurt. PM's are just the gauge.
To my understanding, it will hurt the dollar. As the Fed has to print more money to help its primary Primary Lender, the devaluation of the dollar will be quickened. SLA is simply helping the dollar - kind of like Hospice for fiat, except we don't give our patient morhpine. We just kick her in the cunt....I mean carnival.
http://www.youtube.com/watch?v=cQ_fnaJDsgA
I concur Dr.
I think theyve just run out of time, maybe theyre prepared for it, maybe it went too fast with this Max Keiser campaign to buy a silver round, crash JP Morgan. Even the best laid plans....
What can they really do at this point, print more money? Thats dumping fuel on the fire of crashing dollar/rising PM's.
They cant stop QE or even hint at raising rates, that blows apart their equities and bond markets. At this point, I really dont see what they can do, short of declaring PM's illegal, or imposing a massive retroactive tax on them.
We'll see what they do shortly.
We will see indeed Sheep-Dog. I know some that are already trading in their PMs for actual products, homes and such. My idea is just to get out of debt, but if the meduim of silver to meet my ends crashes the controlling factors created by this paper dollar, I will celebrate like I have never celebrated before.
http://www.youtube.com/user/Komurosan?blend=1&ob=5#p/u/6/R54JDruIIvI
I'm long silver and gold. I bought over the years as an insurance policy. I can't say though I am thrilled with my gains. Feels like collecting on your family's life insurance policy; glad to get the money but the loss hurts more. I feel like I'm watching my country implode before my very eyes. My PMs will see me through, but what about all the things we take for granted here? I'd rather not collect the insurance and see a robust, socially cohesive country.
its not really our country. may never have been. to be our country, we must possess it. we obviously don't. i was thinking yesterday, about some things about this fema business etc. and the thought came to my mind, that maybe i have underestimated the amount of deep capture that has gone on in our government. i was thinking that many people were working there that were silent as of now, and would in the end , speak up and just say no to what is happening. i now believe that is a false belief. i believe many government employees know full well what is going on, yet they refuse to stop it or stand up and be accounted for. many have bowed the knee and take the money from this beast. and they don't give one good damn about the rest of us. just another sad commentary of this Good Friday.
BINGO!
I think your thought is spot on, Drifter.
It is sad High Plains... I think of so many things that indicate to me that we are not free in this country(USA). Some of them may see them as little things..butthey don't to me.
If I want construct a building on my property... just a small garage I must get the states permission and pay them a fee so that they can "allow" me to do this on "my" property..is it really mine if I must ask permission? I must pay each every year an extortion to the local county on my property called property taxes.
If I ride a motorcycle I must wear a helmet or face a fine..I most likely would wear one anyway but shouldn't that be my decision? Same for a seatbelt in my car.
Police checkpoints stopping people for no reason set up routinely in my state.
Federal Government who has taxed my earnings skimming off the top of the fruit of my labor so they can give handouts to the corporate welfare queens otherwise known as banksters.....
State government doing the same..
It goes on and on and on. I don't feel free at all in this country...It is frustrating and many may criticize me and condemn for continuing on but quite honestly I don't know what else to do... If I was alone and did not have to care for young children I might take drastic action, but my main concern is to feed them, clothe them, educate them, and protect them....and that limits many other things I could be doing.
so Paz, we are as free as they want us to be. I see harley drivers riding up and down the highways, and biways of this land, long hair flowing in the wind. They say to me, HPD, I live to ride and ride to live. Riding makes me feel free. I think , why is it necessary to ride a motorcylce to have this feeling? Why indeed. But if I told them this, they would not understand it. In the day of the troubles many will say, we are on the side of our government because it has our best interest at heart and they will turn in any of those who they feel do not have their minds right. This is the new patriotism. If you are not with us, you are with the terrorist. One man's insurgents are another man's freedom fighters.
That is what scares me most. The new McCarthyism. Only worse. A powerful way to strip people of thier constitutional rights. Maybe even scare them into thinking it is the best thing to do. That process has actually been underway for almost a decade now, if not longer.
mccarthy was controlled opposition. he was told to go after gentile communist. he was told to leave the jewish communist alone. this he did for a while, but then he started going after all of them. this is when he ran into problems. sad but true, as is most of our sordid history.
a discussion of how Joseph McCarthy was controlled by the jewish left. they fed him what to say and told him when to say it.
http://www.henrymakow.com/mccarthy.html
the new patriotism is now inculcated in our culture. to wit, these wars that continue on unabated and nobody in the tea party even cares one good damn about them. strange dichotemy if you ask me. on the one hand they talk about liberty but on the other they look the other way while unconstitutional and immoral wars are fought with our soldiers and of course i say that knowing full well, as i have stated many times before, they are not our soldiers anymore and perhaps never have been .
Your head is in the right place, but you need to cite better examples.
Regarding your garage, it is human nature to locate such structures too close to a neighbor's lot line, and for contractors to use inferior materials and techniques to save $$$. Once its built, it is very expensive to demolish and rebuild. Better to have a third party make sure it is done right from the outset.
Regarding your helmet and seat belt, their use is really dictated by the insurance industry. Maybe you should be able to opt out if you agreed to post a $1,000,000 bond and limit your insurance to stop covering yourself in the event of an accident. That way the rest of the insurance pool is not on the hook for your brain damage after an accident, and that bond can be used to reimburse Medicaid.
At least I'll agree that the police checkpoints are intrusive, but only if they are stopping pedestrians. Your right to drive is a license granted by the state. That license comes with restrictions. You have the freedom to choose not to drive on public highways.
I like the example of corporate welfare, though.
The very rich have lots of freedom. Money is freedom. Having lots of money means you can live wherever you please, travel wherever you please in private jets, acquire whatever personal property you please, hire servants and contractors to perform all the menial tasks, like, accounting, and lawyering. It entitles you to the finest wines and the most stunning whores. It allows you to insult waiters with impunity. It allows you to buy the very best medical care and plastic surgery. It allows you to buy your way out of scrapes with the law. It allows you to consider those without money as being useless eaters whose suffering and demise is of no consequence to your gated community. It allows you the ultimate luxury, freedom from conscience.
Crony capitalism, oligarchy, regulatory capture, and mewling, piddling sycophant politicians are vaccuuming it out of your wallet, paycheck, and financial accounts. That is what is killing your freedom.
It's not zoning laws and helmet laws. If anything, focusing on such trivia is a side trip down the road to dupville.
I agree with this, however I don't think any encrochment on freedom is trivial, zoning laws, helmet laws, seatbelt laws are not trivial, they were the small things used to getting us use to government intrusion into our lives that are gradually expanded until all the common man's freedoms are eroded, so on this we will have to agree to disagree.
Thakn you for your comments Kickaha.
"helmet laws, seatbelt laws" are simply social engineering from the auto insurance companies. No dark conspiracy here. They get the government to compel you to wear a helmet or seat belt and their profits go up. There's really nothing more to it.
No I don't believe it's a conspiracy, but it's an infrignment upon my rights(and it was just one example).....my point is, and it appears you prove it(no offence intended) that we shrug it off as no big deal and it is one small step down the slippery slope that never ends slowly getting us use to our freedom being eroded.
kickaha you are obviously well-payed by the government for whatever it is you do. Your points are toward one goal, though well-reasoned and well worded, at least what I read before I wretched on my computer. All I ask is you please stop pointing your gun in my face, and stop stealing my money. I don't care about your stupid opinions about helmets or anything else, and it pains me to think that anybody would.
I am still not sure of the "knowing, but turning a blind eye." Maybe I have futher to go on my journey here. What I see so far is a world that is in absolute denial. Normalcy bias at its best. On top of that, people are run so hard, so fast, all the time, that they do not have the attention span, patience, etc. to care. In turn, they are doing it to thier kids too. A turbocharged generation that will be burned out... fried... before the age of 20. Complete apathy. All driven by fear of failure - reinforced by the cognative dissonance that they are in fact failing!
(edit... I forgot to mention the shitload of daily misinformation. I read an article once that talked about the best way to counter uncontrolled information is to pummel folks with so much of it that they lose the ability the process - or even care about it anymore. The truth becomes buried in a sea of lies.)
Bill Cooper was on to this - you're right HPD - so was Cooper. Then they got him.
http://en.wikipedia.org/wiki/Milton_William_Cooper
Well put there Jim.
There are going to be alot of call's in the money come Monday...
Maybe she will come to find out what Easter is really about...
Gainesville Coins had their ASE's marked up a tad this morning:
Available now for only $3.60 over spot!Current Spot Price: $47.97 Select A Payment Method:
Bank Wire Price: $25,785.00 Quantity: *
Credit Card Price: $26,494.09
I dont see the move on my kitco app...
As of 10:15 CST its @ 46.670x46.710... it bolted to 47.60ish and then dropped like a stone after hangin out up there for a couple of hours
Check oilbull.com. It is all laid out there. Currently $47.16 and sinking fast.
Gold Price | Compare Dealer Prices to Save Money
any last words blythe ? do you want a blind fold?
Maybe she'd like 1 last sip of the Kool-Aid.
It is rumoured that she has requested the Greek Spunk Receptacle method.
http://www.urbandictionary.com/define.php?term=Greek%20spunk%20receptacle
Great piece.
There is a new book published in France called "Blythe Masters." It is her story as related by a critical French intellectual. Surprised nobody has picked up on this here. Attractive picture of her on the cover. Also, there are some pictures of her Manhattan apartment interior in the internet. The woman has impeccable taste in modern furniture in a Stanley Kubrick-like, futuristi setting.
Max Keiser had the author on his show a month or so back - pretty interesting although the author was looking at her from an objective standpoint and didn't seem to be a hit piece. But when someone is a manipulator it's hard to gloss over that from an objective standpoint
There are some videos on YouTube of the author being interviewed in French. I am very curious what made Blythe Blythe at this point. Does anyone know any other points to research her mind, besides this French book?
I dont know, just seems like a spoiled privileged manipulator whore getting kicked in the cunt to me.
Sheep-dog, she invented the CDS! A weapon of mass destruction! She must be extremely intelligent!
Well Hitler, Stalin, Pol Pot...I hear they were also 'extremely intelligent' too.
By this summer, I predict Obama will put Blythe on his economic "team." She needs to cool her nerves off from the JPM commodities division, and her perspective on manipulation would be an inestimable benefit to our president in his crusade against the oil speculators. /sarc
There's a lot of things said about the woman that are pretty off the mark. The first point to understand is she did not "invent" the CDS contract. She was part of a group that came up with the idea of the CDO, the bundling of numerous credits into a pool and creating a synthetic instrument that mirrors the payout, then taking it a step further and creating tranches with different risk profiles. I think she was horrified by the way the product was abused by the banking industry in the mortgage market.
She was one of the drivers of this product area, but I would not say she was the dominant intellect, but rather a chosen person who became the public face. She then moved into a group that used such instruments to manage risk, becoming chief risk officer and CFO. She was given the plumb job of running the commodities group shortly before the recent financial crisis, with the idea of developing more complex synthetic investment products, in what was felt to be a growing area.
The silver shorts were largely inherited from Bear Sterns, but have grown significantly since. I don't know, but I suspect the real entity is the Fed, using the bank as a intermediary.
What I can say is she understands risks and risk positions very well, but is not a "trader" or a speculator in any sense, so I find no credence in the idea she is taking on the world single handedly in trying to suppress silver prices. I can also say that there are many many sociopaths in Wall Street, and she is not one of them. However, the JPM silver positions are going to lead to her downfall, as she will be the one made to take the blame.
Oh horseshit you Blythe-apologist. You could have choosen to leave the criminal organization at any time, instead you stayed and enjoyed the benefits.
As they say, you reap what you sow.
Sounds reasonable to me... but like it or not she is the face of the EE (credits to Turd).
Also agree she's (JPM) working with the Fed and they have no problem printing more to try to tame this beast. It's obviously a fail for now, but I really do worry about what they'll come up with next (the $1.00 swings today make me very nervous)... they simply changed the rules to bring down the Hunt Brothers and I see no reason why they wouldn't do it again.
ok then can we all just agree to call her "smartycunt" ???
LOL sorry but fuck off - she was "so Horrified" she got promoted?
The Story of Blythe? Uncompelling. 1000's of stories out there more interesting.
For f**k sake . Slow down ! There are plenty more of us who'd like to load up before $50 is taken out .
Exactly why it wont...
liquidated everything into silver between $9-$14 in 07 08 09..except my next to last purchase...100 - 2008 ASE@ $17.10 and then my last purchase.. 60 buffalo rounds@ $ 22
and i thought i might get burned for paying too much for last 2 purchases...HA HA... started listening to Bob Chapman[the IF] in early 2007 and he scared the beejeebers out of me so bad about the dollar collapsing started buying as fast as had the funds and then caught the silverbug big time..my prize possesion is a full set of gem UNC 1989-2011 silver pandas..you can't buy them now anywhere[and if you do find a set be verweee verweee carefoo they are not fake..specially on ebay!! as far as I'm concerned, the silver panda set is darn near priceless now..Bob C. was obviously spot on and has made his clients billions as he had been telling them to buy physical gold and silver since 2000..wish i had only paid $4 for silver in 2000 but I'm up $80,000 so no complaining here....
Your last purchase was 60 buffalo rounds @22, but you have 2011 pandas?...just saying.
Easter eggs are golden inside and silvery outside... so Blythe is not surprised. I'm sure when silver hits 50 it'll be time for JPM/GS to generate back-lash and it will be wicked...
Don't count your chicks that laid golden eggs too soon...as lead is always in the pipes when we least expect it! look what it did to the Romans...they spewed their guts out for three centuries until the Goths burnt them to cinder tinder.
How does the Morgue 'generate the backlash'? Tell Ben to furiously print trillions more FRN's?
Its the MIDDLE man in this game plus the MAIN player on ETF, paper denominated silver, plus the official holder of physical assets. Many options there to set up a back lash strategy using stalking horses as this is a TINY market...watch out... there is always the psychological pull of Hunt's ghost...
The Chinese could give 2 shits about the Hunts ghost - they have 3 trillion dollars they need to exchange for SOMETHING real
We have to remember that there is more to trading than the US and Europe. Not everyone celebrates the same holidays (or has the same religions). Just because markets here are closed, doesn't mean trading isn't happening half a world away.
I can agree with the sentiment that it feels like we're collecting on our life insurance policy while still living. But at least I'm getting my money the old fashioned way and not courtesy of the government handing me money. They made this mess, I'm just making money off it (and able to sleep at night too).
We have to take responsibility for our future, the government sure isn't going to, unless we are debt slaves asking for more gruel from the government overseers.
I am not to worried about $50 triggering a backlash. The importance of that number has faded with the years. Asian players denominate in different currencies and $50 is not a round number for them.
$48.70 was the Hunt Brothers high. That price will trigger the MSM to do a short story about how stupid it is to buy Silver.
easter weekend...i dont think they can resist a chance to carry out something big.
OT, but interesting:
http://www.cnbc.com/id/42688832
Bankster fraud ain't limited to fraudclosures . . .
Robosigning is endemic to all debt collection mills. It's a high volume, low margin business with lots of competition. The temptation to cut corners is overwhelming, and they can readily rationalize that if the deadbeat can't pay their bills, they won't have the bucks to defend the lawsuit and look closely at the affidavit.
Why doesn't it make sense? Everyday we are closer to THE END.
I'm not buying the story of hedge fund shorting as the reason why the miner stocks are not doing well despite silver going up 30+% in the past month. In the past a 30% rise in silver would have nearly doubled the miners. If the miners don't start moving up in a serious way soon, then this is the most blatant evidence the government is manipulating the so-called markets.
The recent divergence is disconcerting....Ag is getting ahead of itself. I foresee a real battle at $50, short term Au will outperform, till about 1600, then Ag will break 50.... I see the long term Au/Ag ratio at about 25. In todays dollars, gold at 1800, Au at 72 or so....