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How The Comex Lost 20% Of Its "Registered" Silver In One Week, Or Where There's Smoke Of A Run, There's Probably A Run
A week ago we noted something peculiar: in one day, COMEX
depository Scotia Mocatta (one of five in the world) saw a 25% transfer of silver from "registered" (or deliverable physical) to "eligible" (or "undefined" - a distinction discussed previously, and also below). We said: "Canada's largest bullion depository (and one of five total) reclassified
a whopping 5.2 million ounces of silver from Registered to Eligible
status. In order to get a sense of how big this amount is, which amounts
to just under $238 million at today's fixing price, it represents just
over 25% of the total silver stored at Scotia Mocatta, and about 5% of
the total silver held across all depositories." The reason then given was: "due to a reporting reclassification, 5,287,142 t oz was moved from Registered to Eligible." To our (lack of) surprise, a quick glance at today's silver holdings at the Comex confirms that the trend of reclassification is continuing unabated, and total "physical" silver across the entire Comex universe has now plunged by almost 20%, or from 41 million ounces to 33 million ounces, in the span of one week! And while last week it was Scotia Mocatta, today it is HSBC and the Delaware Depository, and the reason given: "Adjustments include reporting classifications of t oz that were moved from Registered to Eligible. Please see Special Executive Report reference 5736 for additional information. http://www.cmegroup.com/tools-information/advisorySearch.html#." And a further drill down reveals the following link. Many have speculated that there could well be a run on physical silver. But for those looking for a smoking gun, this is probably as close as you will get to one, short of JPM actually declaring "force majeure."
This is from April 20:
And this is from today (link):
As for the detailed reason provided by the CME, we get the following:
A correction to the COMEX Metal Depository Statistics Stock Reports published on April 27, 2011, has been made to reflect a change in the reporting of metal from the Registered category to the Eligible category. This change reflects paper warrants that have yet to be converted to electronic form. The metal represented by these paper warrants, which will now be reported in the Eligible category, will continue to remain eligible for delivery against COMEX futures contracts provided holders of the paper warrants convert them to electronic form.
Exchange metal reported in the Registered category represents troy ounces of metal that meet the contract specifications as defined in the Exchange Rules for which an electronic warrant has been issued.
Exchange metal reported in the Eligible category represents troy ounces of metal that meet the contract specifications as defined in the Exchange Rules for which an electronic warrant has not been issued.
So, a rather odd last minute paper to electronic contract conversion, which mysteriously results in a 20% drop in the physical silver across the entire Comex universe? And this coming at a time when silver is within cents of breaking the all time nominal high? Sure, we'll buy it. But perhaps the Comex can tell us just how many more such "warrants" exist in the system, and whether when all is said and done, where it says 33,322,807 million ounces of registered silver (where it was 41 million last week), it won't be zero, or, who knows, negative?
We, for one, won't wait to find out and demand delivery only when said number hits zero.
And as a reminder for those unfamiliar, here is a distinction between "registered" (real) and "eligible" (somewhat "questionable"), courtesy of SilverAxis
For
those who aren’t familiar with the terminology, the registered category
of COMEX warehouse bullion stocks generally refers to gold and silver
bars against which COMEX warehouse receipts are outstanding. The COMEX
publishes these stocks on a daily basis and they can be found here:
Silver | Gold. The registered category is the total pool of gold and
silver available at any time to meet delivery requirements under
expiring futures contracts or to establish initial futures contract
positions through a transaction called exchange-for-physicals (I’ll
explain this another time). It is important to realize, however, that
many parties holding COMEX gold and silver in registered form have no
intention of making their holdings available for delivery. By this I
mean that such parties are neither (1) holding a short futures position
against the warehouse receipt nor (2) willing to sell their registered
metal (warehouse receipts) to a party with a short futures position.
Indeed, a substantial portion of those holding registered metal would
have acquired the COMEX warehouse receipts by holding long futures
positions for delivery. In other words, these registered stocks are held
for investment and not for commercial purposes.In comparison,
the eligible category of COMEX warehouse bullion stocks generally refers
to bullion held in the warehouses that meets the specifications of an
acceptable COMEX bar (proper weight, size, purity and refiner) but does
not have a COMEX warehouse receipt issued against it. For example, an
investor might purchase several 1,000 oz. bars of silver from a dealer
and then deliver the bars for allocated storage at a COMEX warehouse.
This is a private arrangement and has nothing to do with the COMEX.
Unless these bars are officially registered (the easiest way to do this
is through the aforementioned exchange-for-physicals), they will remain
in the eligible category until withdrawn from the warehouse by the
investor. Thus, the appropriate way to treat eligible COMEX warehouse
bullion stocks is that they represent metal that could potentially be
registered at some point in the future but cannot presently be used to
make delivery under a short futures contract.
h/t Dr Derivative
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Good catch...YC was looking for the stuff, though...
Another psy-op from 1964, the year they stopped using silver in coins. Notice the squirrel has a hard time eating his gold. I can still remember my kindergarden teacher showing us the new sound coming from the phony slugs being minted. What a scam.
Platinum is money, as it has all the properties of money. However, it might be another thousand years before it is widely used and recognized as such, and the supply is fairly constant.
As such, I might consider owning a small position (I don't right now), but I wouldn't bet the farm on it. The majority of my silver will flow into gold at the ratio lowers. After riding gold through the abyss of fiat destruction, I will use it to buy equities and real estate when those things are universally hated.
Sounds like a plan. Platinum has a very low ratio of aboveground stocks to new supplies, whereas gold has by far the highest ratio. This would seem to be bullish for platinum, but it actually means that gold serves much better as "hard money", because even the miners can't "print" gold at more than about 1.5% per year. The supply/demand curve is highly inelastic, so there is no fever like gold fever. OTOH, ongoing production will strongly influence the platinum market, so it might behave more like a commodity. I don't know how low demand for new cars will play out vs. a rampaging bull market in other PMs.
Very funny in this light:
Silver futures see record trading volume, 26 April 2011, by Myra P. Saefong - San Francisco (MarketWatch) http://www.marketwatch.com/story/silver-futures-see-record-trading-volume-2011-04-26
Excerpt:
Silver futures saw record trading volume on Monday, the CME Group said in a press release Tuesday.
On Monday, trading of silver futures reached 319,204 contracts, surpassing the prior record of 201,216 contracts set on Nov. 9, 2010, the CME said.
Open interest in silver options also reached a record of 240,344 contracts, versus the prior record of 235,992 contracts set on April 21, 2011.
"Silver futures have demonstrated rapid growth during the month of April," with month-to-date average daily volume for silver futures increasing 218% from this point last year, the CME said in a statement.
Unlike the stock markets declining volumes...nice.
Bad money always forces good from the system..Thanks Bernanke...really...I mean Thanks!
Gold Fever.........
http://www.youtube.com/watch?v=fC8Ch-bZPt4
http://www.youtube.com/watch?v=oCYOa9egpaM&NR=1
Or dollar (t)rash???
Dollar is garbage. Like the papiermark.
Am I reading this right...is Mish calling for NWO via a mixed bag of currencies to be the reserve currency?
For this reason the US should take the lead in shifting the world to multi-currency reserves in which the dollar is simply first among equals.? The cost of maintaining sole reserve currency status has simply become too high in the past three decades and is leading inexorably to rising American debt and worrying global imbalances.
http://globaleconomicanalysis.blogspot.com/2011/04/bogus-threats-to-us-r...
Always knew there was a reason not to believe this guys BS
He is just advocating an SDR. He is about twenty years behind.
Nice catch, agreed.
World fial currency....
That shit worked so well with the Cable, US dollar and Euro. Buncha elitist NWO robber baron fucktards trying to wash rinse and repeat the theft, kicking the day of infamy further down the road.
They'll probably need to completely censor/propagandize the internet before anything like that has a fart's chance in a windstorm of success.
World fiat currency....
That shit worked so well with the Cable, US dollar and Euro. Buncha elitist NWO robber baron fucktards trying to wash rinse and repeat the theft, kicking the day of infamy further down the road.
They'll probably need to completely censor/propagandize the internet before anything like that has a fart's chance in a windstorm of success.
What do y'all make of this refutation?
http://blog.darienwealth.com/post/4994245394/comex-explains-large-adjustment-in-silver-gold
jesse here to help.
.
http://jessescrossroadscafe.blogspot.com/
http://jessescrossroadscafe.blogspot.com/2011/04/bankers-silver-scam-is-...
.
Let's go over that again...because once you understand the particulars, the reaction of
the price of silver becomes perfectly understandable.
1) Bank sells silver, a very precious item, for big money;
2) Bank doesn't buy the silver it sells, or, if it does buy it, leases out or sells 99
ounces for every 1 ounce in the vault;
3) Bank gets paid "storage fees" from all its customers, even though their
silver is not in the vault;
4) Bank profits are equal to 99 times what it sells initially, and then, the value of
the stream of storage fees after that. Nice work if you can get it.
But, then there's the downside.
1) The market might discover your scam and you'll need to deal with investigations;
2) Leverage so high that, if discovered, it is a recipe for disaster;
3) Courts may deem the arrangement a fraud, in spite of disclaimers that say otherwise,
and whereby customers waive liability for fraud;
4) The market will inevitably punish you severely with heavy losses after discovery of
the scam.
For more information on "unallocated storage" in London, see our previous
article.
Had the worldwide silver scam remained a secret, suppression of precious metals prices
might have gone on forever. But the genie is now out of the bottle and mortal men, not
even those who run casino-banks, cannot hope to put him back in. Once it became clear
that the bullion banks were leveraged 100 to 1 in a silver based fractional banking
scheme, it was only a matter of time before the market clobbered them. That is what is
happening. .......
....
..
Blindman, that is indeed a singularly outstanding article, but Jesse (though I love his work too) in this case is quoting/citing another piece: Short Sellers Now Screaming About a Buy Side Silver Conspiracy by Avery Goodman
you are correct of course, thanks for correcting
the credit. a.g. also said this and it seems
relevant given b.bernanke's comments from this afternoon.
...
..
.."With stock prices collapsing, a mega shift from demand for stocks and bonds to demand for gold, silver and platinum would occur. One way or another, the current management of gold prices, which currently includes allowing a slow upward trend to relieve buying pressure without collapsing fiat currencies, will change into an explosion. This will happen with or without the help of market vigilantes.
So what will be the vigilante target after they are finished with normalizing the price of silver? Central banks like low platinum prices almost as much as low gold and silver prices. Manipulating platinum prices up and down helps bank profits. Since it has proven impossible to fully suppress price increases, the next best thing is to orient the manipulation process to create artificial high volatility, and thereby discourage conservative investors from buying the metal. This leaves more for industry at cheaper prices." ..
..
I'm going to start selling fractional shares to the Morgue. :)
IS this a trick question?
I make that the author is an earnest apologist for the Cartel, that he stands to gain from the continued status quo and lose a great deal through a major shift/destruction of the COMEX system? That he is an unabashed anti-silver troll who merely pushes gold for his own book, without making an attempt to educate himself on the bigger picture?
The answer the CME gave is nonsensical and intentionally incomplete, Brian's acceptance of the absurd answer hook-line-sinker without even attempting to generate clarification is just sad. Look up the calls made by Kid Dynamite and Mr. O'Flanagan in the last 6-9 months if you really want to waste your time.
Nice smackdown CD.
You couldn't carry John Embry's jockstrap OFlanagan. In Canada he's called Mr. Gold for a very good reason. It's called credibility.
Now go get your fucking shinebox.
can someone explain what happened to the 30 year bond today in this chart? (tweeted by ZH) Seems questionable...?
http://plixi.com/photos/original/96490211
Interesting; the way I read this is that Neither category of metals
is necessarily available for delivery against Comex contract. Then. . .
What is?
and why do they call it a "contract"? that's how I puzzle meself
FYI: APMEX currently has about 13,300 ASEs in stock across all vintages (I may have miscounted).
You'd think $50 an ounce would bring a bit more product out for sale, huh? I guess that's what JPM thought as well.
A little off the topic, but Rick Ackerman is a hyperinflationist now due to this:
http://fofoa.blogspot.com/
For general consumption, FOFOA overwhelmed me twice, but last night I finally got a *click* and I've read probably 5 hours.
If you're brand new, give yourself some time and be sure to read FOFOA. I've been teaching myself / learning (active/passive all humility and deference to everybody [Turd!] etc etc) for a little over a year now, and NOW it's starting to make some sense.
Just a little nudge to go give FOFOA another try if you're not currently digging his stuff. Strong, strong writing there.
That is all. BTFD.
Yep, gonna need to read all that stuff in there, several times, and hope it sinks in. Good stuff.
Citibank is letting us lock in physical silver now for 2013 cotton fiat!
http://silverdoctors.blogspot.com/2011/04/would-you-purchase-silver-toda...
DJ Comex Silver Delivery Intentions Breakdown - Apr 27
here we see total silver delivered = 231 contracts = 1,155,000 0z for a month.
as 0f 4.20, there were 103,000,000 oz in both categories, subject to adjustments, apparently.
also, there are paper shorts and contracts and electronic shorts and contracts. paper paper and electronic paper, which can, apparently, move metal.
i agree with tyler: this is about as close as we'll get to a smoking gun, short of default & force majeure which ain't happening. i have been thinking & blogging for 2 months that the shorts are covering as fast as they can, with whatever they can. just watching the options and contracts for the last two days, it looks like the market makers pushed some serious money into their pokes. the banksters have so much silver, they are now taking some of it out of play, which frees it for other action, if the electronic "warrant" for the stuff isn't issued.
from this string, nobody knows exactly wtf this means. tyler leaves it open, it seems, and i hit those links and didn't get an answer. or didn't recognize the answer.
a coupla months ago, we were treated to traders writing how blythe paid scores of contracts off @ $18 over spot rather than fork over the silver. yet, it was unclear of the morgue was acting for itself or as an agent for a REALly big customer, like the PPT. according to these reports she told these guys they would be the last contracts filled and they would prob. hafta take cash, anyhow, under crimex rules. who knows?
what we do know is that people who want physical gold and silver are buying it, and people who want to sell are selling it, and people are gambling all over creation, too, shorting ETFs and options on ETF's and follow the pea, while we palm it and you can't ever pick the right shell, rube.
i wish i could be more helpful, but i've never traded crimex or futures. someone will help us with these definitions and categories. if we can got the FED reports spread out, we can get the crimex reports spread out. as we know, these companies are entitled to secrets, so nobody actually knows what they are doing, and so on... try deciphering the COTS report. it is only for the highest levels of international intel of the innermost banksters and their badass firepower.
one thing which i do see, which has only been in the news in a backhanded way is this: the cftc commissioner, bart chilton, claimed to have found some price manipulation by the commercial shorts. also, what size positions should different interests be "allowed" to throw around? considering that some of these interests may be getting "virtually free green stamps" with which to gamble and throw.
now, obama and ms. erica holder are off pretending to look for "oil price manipulators" and the cftc? well, they seem to have been neutered, for some reason, eh? meanwhile the cftc issues have been crowded into a goobermint clusterfuck called Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues
Co-Chairs
Mary Schapiro (SEC)
Gary Gensler (CFTC)
Members
Brooksley Born
Jack Brennan
Robert Engle
Richard Ketchum
Maureen O'Hara
Susan Phillips
David Ruder
Joseph Stiglitz
what a country!!! is there anyone here who thinks the federal goobermint is abt 10 trillion pounds overweight and needs to slim the fuk down a bit, here? the best i can figure is that we're buyin time so the the commercials can get some cover, which will be provided by the white house, and the treasury. fines will be paid. but it was all legal. reagan said so. and catsup is a vegetable. so there.
meanwhile, once the bi-metalism of the Consitution stops being officially suppressed and illegally regulated and taxed, blythe will go joan of arc, probably. we aren't gonna have gold and silver for money and this other crap, too. it won't work. trust me. maybe we'll find some cogent fix in a casino design that guys in the caddy shack can understand and, beyond that, sorry.
oh. no more moving the fuking goalposts, either!
c'mon people! let's try to hit the side of the barn, here, ok?
the FED will continue to fight deflation with reflation, and yet, today, we sense the impending limit. just as real estate doen't always go up in value, sovereign debt bubbles do not grow forever. perhaps.
just as the financial industry completely failed and wiped out about 2/3 of known "wealth" when its "highly leveraged" hot streak hit the speed bumps, so will the goobermint either stop, or wipe out its "highly endebted" ongoing world records.
and, like with the banksters and fraud salespersons, we shall probably decide that we need the goobermint to stay right there on the fuking job, too.
or, we wake up.
good one
Why would anyone want to keep the price of silver down unless they are buying it at other centers. A historical ratio of approx 16 to 1 is made to go to 70 to 1. While suppressing gold price has been the Central Banks policy, silver is not concerned. These banksters have been well aware of silvers markets and have been depressing silver prices in order to accumalate the physical silver.
The public are being played for fools.
The Chinese are using their brains and their useless dollars to accumulate both silver and platinum in addition to gold.
The Chinese can be expected to take over the silver markets in my opinion. They already prodcuing 20% of the world's annual mine output. Moreover since Feb 2011, Silver & Platinum holdings have been added to their gold holdings as part of their foreign exchange reserves
hear, hear
i've been trading silver for a few years now. i was trading in the midst of the 2006 and 2008 parabolic selloffs. I just recently decided to make my strategy public and allow others to follow manually or by linking their brokerage accounts. There is a free trial... http://silveroptions.collective2.com
http://www.reuters.com/article/2011/04/27/us-utilities-tva-storms-idUSTR...
tornadoes hit two nuclear power stations in tennessee. no worries mate. the back up power generators came on . gee, i wonder who many spent fuel rods they have stored in the top of those structures? man , i want this country out of the nuclear power business as fast as we can go.....enough already.
There is a run on bullion vault Silver as well.
Also a warning on Gold delivery
http://silver.bullionvault.com/audit/withdrawal_note.html
Thats alot of Silver leaving their vault ain't it ?
Tonnes !
Can someone please translate from English to Dummy for me?
It means buy stocks.
Fuck silver. I picked me up some Bezo Bucks last night when everyone was bitching about margins collapses. Thank you Mr Bezos. You are a gentleman and a scholar and remember, You cant eat silver ( But you can eat a Kindle)
wikipedia:
As of 2009, holders of COMEX gold futures contracts have experienced problems taking delivery of their metal. Along with chronic delivery delays, some investors have received delivery of bars not matching their contract in serial number and weight. The delays cannot be easily explained by slow warehouse movements, as the daily reports of these movements show little activity. Because of these problems, there are concerns that COMEX may not have the gold inventory to back its existing warehouse receipts.[8] As a result of the CFTC's March 2010 Metals Hearings, position limits will likely be imposed on Comex Precious Metals Futures Contracts, according to CFTC Commissioner Bart Chilton, in order to avoid continued charges of unfair concentration and manipulation.
How many miles to DXY ? Oh only about 73 miles from here pall. Thanx mate. YEAHA YeeeeeEHHHhhAAaaa.
Yup! Just checked my bankster fraudster meter. pigmen's asses still pork. Run on PM's is about over in silver and nothing but exploded dead heads in empty bullion vaults come July delivery!! That's if panic selling; crashcading of the dollar doesn't wipe these rat bastards off the face of the earth sooner.
Not following your logic here...
...how do empty vaults correlate with the end of the run...? Why would scarcity lead to panic selling? Or do you mean panic selling of fiat, which is more consistent?
And, what I think is the most important question, to what asset does the panic move to for those that realize their silver is "virtual"?
The silver market alone is too small to cascade into a run on the dollar, but physical shortages are going to motivate a lot of failed promises to move elsewhere...but where?
Just food for thought.
AUD smashes 1.10 you gonna get silver/gold continued bids. Historic
Just like in my Hitler video bitchez.
http://www.youtube.com/watch?v=cmxE7ydkaI8
US POS Dollar USDX just broke into the 72's...
on belay
bytches
Rosie gave up. let hyperinflation commence
Ya got to love when the light hits the cockroaches.
Fuck you Non Federal/NO Reserves/private-for profit/Corporation.....Bank of NY
..................FUCK YOU................!!!!!
silver started lagging gold and usd.. seems like hunt high is a major hurdle and too many weak hands entered the market lately (re: blogs and web pages are full of tons of sheeple and MSM coverage spiked)
gotta be careful at these levels, weekly charts say it could be a sheeple massacre !!
"Exchange metal reported in the Registered category represents troy ounces of metal that meet the contract specifications as defined in the Exchange Rules for which an electronic warrant has been issued.
Exchange metal reported in the Eligible category represents troy ounces of metal that meet the contract specifications as defined in the Exchange Rules for which an electronic warrant has not been issued"
So do both represent the same...UGHHH...
do both meet comex delivery rules.
don't quite get it.
But I know it'sa Good Thing...
Bryan o's explanation doesnt convince me. If i had a warehouse receipt and didnt want to sell then i sure as hell wouldnt turn it in for an electronic registry. Electronic registration is.voluntary right? Couldnt i just hold onto my paper receipt as long as i want? I dont have to register it do i?
There is a system called the "London Good Delivery System" which warehouses and refiners may apply to join. If a refiner becomes a certified member of the London Good Delivery System, then their bars may be bought and sold within the system without being assayed every time they change hands. "London Good Delivery" bars must weigh within a specific weight range and must meet specific purity standards.
Once a bar is accepted into the London Good Delivery System a "chain of custody" record is maintained and as long as that bar never leaves the system it retains its certification and doesn't need to be assayed when sold.
If a London Good Delivery certified bar is removed from the system (physical delivery taken and removed from the approved warehouse) it may not re-enter the London Good Delivery System without first being assayed, precisely weighed and re-certified as meeting all good delivery requirements.
If I take a 1000 oz bar that I own to a COMEX approved warehouse, but do not pay to have it assayed and certified to London Good Delivery standards, that bar may be silver pure as the driven snow, but it may not be sold within the London Good Delivery System at all. Such a bar is neither "eligible" nor "registered". It's just a lump of silver I'm paying the warehouse to keep safe for me. If I sell it, it will have to be a private transaction which the warehouse and the exchange have no say in and no responsibility for.
If I pay to have it assayed, weighed and certified as a London Good Delivery bar, the warehouse can issue a paper warrant (legal title) identifying that exact bar by weight, fineness and serial number. At that point, the bar is still fully owned by me...it is my property and mine alone...but it is now considered "eligible" by the London Good Delivery System. Should I choose to sell that bar on the exchange I can do so without the need for an assay because it's already "eligible".
I have the right, but no obligation, to ask my broker to "register" my "eligible" bar for sale on the exchange. Now the ownership of the bar starts getting a bit cloudy. I have to give the paper warrant (my "title" to the bar) to my broker and authorize him to present it to the exchange for "registration". The broker "endorses" the bar to the exchange and the exchange issues an electronic warrant that can instantly pass from the broker to the exchange to the new buyer upon sale. The exchange takes the money from the new buyer's broker, credits it to my broker and then my broker pays me for the bar I just sold.
The new buyer now owns the bar and if he intends to sell it soon he may leave it "registered" (in the broker's control and further "endorsed" to the exchange) or he may insist on "taking delivery" which requires the broker to remove the bar from the exchange and causes a new paper warrant to be issued in the name of the new buyer...a record of the new buyers indisputible ownership of the bar. That bar is no longer "registered", but it is still "eligible" because it has never left the London Good Delivery System. If the new buyer presents his warrant at the warehouse, collects his bar and takes it home, then it is no longer eligible or registered and will have to be assayed and certified "London Good Delivery" again to ensure it hasn't been tampered with while outside the system. Anything that breaks the "chain of custody" will be cause for requiriing a new assay of the bar.
Man, that was long winded as hell...but I hope it helped.
Nobody can force the owner of an eligible bar to register it for sale. And, theoretically, nobody can stop me from taking physical posession of the bar and removing it from the system.
Edit: Before O'tool comes along let me say there are technical inaccuracies in my account for the sake of simplicity. The concepts are accurate.
Crimex...there, fixed.
Guess its time to start talking about where the major dollar stops are cuz its sinking like a rock tonight. Down to 72.92...
I should've bought more PMs a couple of years ago when I made a significant (for me) purchase. I'm hoping for a pullback to purchase more, but not sure it will come after the chairsatan's comments today.
The FOMC statement clearly said cover your shorts and go long. That was obvious even to me.
Hey Jon turk...
You put the "J" in the wrong place...
Ton Jurk.....
There I fixed her up for ya.
KITCO no longer able to sell Silver Canadian Maples inside the U.S. I've asked why but haven't yet seen an answer. I bought some not more than 6 weeks ago.
Shanghai B is down again and USD is hitting crisis levels.
Something is gonna give
I may be planning my return ($500 FRN), bitchez
(first time poster, testing ...)
Maybe you precious metal nuts do have some reason to think the way you do. Take bryan oflanagan. Why would he post here and at harveys? If i find a blog i like and a group of witty people thats where i hang out. I feel no urge to go to multiple websites and write the same thing over and over.
Sounds like someone with an agenda. I have to admit that trying to cultivate opinion leaders and using them to influence blog comment sections could be a useful strategy for some advocacy groups, but if the banks were so afraid of a bunch of nobodies like us ranting and posting, then that would definitely mean the situation is about to fall apart for the banks.
However I have been following precious metal suppression theories since 1997 and perhaps a bit earlier. Bought my first gold in 1995 but never got serious about precious metals until 1999. I have been hearing the same things every couple of years that this time the comex was really going to default. This backwardation was the sign of imminent collapse. Every couple of years people get excited thinking "This is the time!" and it never happens. Not trying to be offensive but this has to be the fifth or sixth time i have seen people get excited like this. After so many false alarms i have to admit some jadedness over the issue.
"If i find a blog i like and a group of witty people thats where i hang out"
Link?
http://www.avclub.com/
i think many professional funny people comment there i always laugh out loud a couple of times
Well this time it's different :D
ok, i will stop the shameless self promotion. those junks actually hurt my feelings a little! ...
Dont be so sensitive.
This is fight club.
Tyler doesnt mind self promotion.
If you got a good site you can submit
guest articles and promote your site as
a contributor.
true indeed. thanks for the idea!
Perth Mint Bullion in Australia
10 oz silver bars - unavailable online - ring to order
1 kg silver bars - unavailable online - ring to order
In the last 30 minutes, 20 oz and 100 oz silver bars have gone from available online to unavailable - ring to order
My good friend and I went to Border Gold today and he bought nine 100 oz. bars at 48 spot.
Today was a good day.
Local dealer in my area was sold out of silver maples and any other silver bullion yesterday. They did have some small gold (1/4 oz) RCM rounds so I settled for a couple of those.
It would have been nice to grab a bit more silver on the dip but the gold is just as nice to have and hold.
Anyway, the dealer said he has moved more silver maples in the last few months than he has usually done in a year. He has more on order so I will see if any arrive next week.
off you go silver.. to the 40 handle...
sheeples will be slaughtered !
I think all of you Au/Ag types have an eye for particle physics.
BUT WHAT THE FUCK. MY TIVO SWITCHES TO GLEN BECK AT 02:00. BUT FOR (latin) FOR SOME REASON IT IS ABOUT A BUNCH OF INBREAD GERMANS PUTTING LITTLE BRIT PEOPLE LIKE GLEN BECK AND HIS BOSS DOWN FOR BEING LITTLE PEOPLE.
The gold/silver ratio has no effect on me till I can figure out the germanic.celt blood ratio on monarchy.
I like the nice hard floor at $48/oz
we seem to go a bit higher every day!
We've got fuel to go to the moon!
DXY = 73.02 at 2:15 am.
I Love RoboTrade for the DXY upside U-TURN comment from yesterday !
He didn't only made my day yesterday, but also today.
Thanx for the entertainment Robo!
Oh by the way. I dismantled the downloaded .gov birth cert also and opened it in Adobe Illustator.
I confirm it is altered, layered and played with. City names seem original, but stamp dates are forged. From the "AUG 1961" stamp only the "1" is original...
You can even completly remove the green background from the black letters: different layer.
I'm not religious (though I love Jesse) but the constant bombardment of bad news is getting to me. Hence my new avatar - reminds me of what is important. Being a Cassandra is not fun even if you feel you are right.
http://www.youtube.com/watch?v=rmadSGJCzo8&feature=artistob&playnext=1&list=TLMAyoVNnd4yk
GARY GENSLER
IF YOU ARE INCAPABLE OF DOING YOUR JOB
AND DOING IT WITHOUR FEAR OR FAVOR
KINDLY RESIGN IMMEDIATELY.
ELSE , IT WOULD APPEAR THAT YOUR IN CAHOOTS WITH THE MANIPULATORS.
I solved the captcha, and they let me in! I just want to say I really enjoy reading Tyler's articles and your comments. You folks are great, I haven't laughed out loud so much from reading a forum since forever. I've learned a great deal too. Thanks. After everything that happened yesterday (BB's show, the birth cert.) I had this crazy thought: TPTB are crashing the dollar on purpose. It's the new world order, blah, blah, and this is why/how they're going to do it...White House lays the smack down on Trump by finally releasing B.O.'s long form birth cert. By 9:00 a.m. photoshoppers everywhere can prove it's fake. It's so fake it's comical. All kinds of conspiracy theory sites come alive crying foul/fake, and try to push that info out there to the masses. The sheeple venomously and vehemently condemn the batshit crazy birthers - - enough already! Just let it go! It takes a while, maybe quite a while, but the issue just won't die. Gets to the point MSM starts saying "Wow, hey, looky, this is kind of odd, maybe there is something to this after all." Folks wake up slowly but surely, and they're torches and pitchforks pissed. Then ...Byaaaaa! Trump produces the real deal, or some other equally damning, irrefutable proof. He's a hero, he's a shoo-in for 2012 Prez... thus averting any chance Ron Paul has of getting in there and ending the Fed or of exposing any more Fed shenanigans in his speeches and debates which could cause issues. The Cabal has come too far to let Mr. Magoo fuck it up for them. Obama splits and goes to live like a king in paradise somewhere. Maybe The Cabal doesn't think he'll get elected next term, maybe O's tired and wants out. Trump gets in, he's already owned by them, and hello Amero. Anyhoo, just a crazy thought.
Got Physical? Bitches.
Blight Matters failed attempt to channel Bill Murray's "It just doesn't matter" speech from Meatballs the movie linked to Comex performance bonds being ignored by holders of physical silver as they realize they can't sell anyway and claim "gutsiest, ballsiest" prize for ball-less platforms.
http://tradewithdave.com/?p=6157
Dave Harrison
www.tradewithdave.com
Strap in babies, we headin' to low earth orbit. 49.17
Silver For The People
http://www.youtube.com/user/BrotherJohnF?feature=mhum
Good afternoon guys, been reading for 6 months, this is my first post. I know, I know, "first time caller long time listener"...
Anyway, the thing that has been frustrating me for years, and especially recently, is trying to explain to your average sheeple these things that we all know. I swallowed the red pill back in 2005 when I realized I was a libertarian, and it has just grown since then. I still have not been able to come up with a 2 or 3 minute way of explaining this situation that seems to have so many interconnected pieces.
Most people, even in my own family, just look at me like I am from Mars when I start discussing economics and the major problems facing our country. Then they go back to watching the NFL, or American Idol, or whatever the soup du jour is for the mindless...
I've finally just come to the point where I am working on my own life raft, and I don't talk about it with anyone. If I am wrong, it's no big deal. I will eventually rotate through my food storage, and PM's and guns are always useful. If I am right (and I hope every day that I am not because of the implications) then it is invaluable.
Anyway, thanks for having me here, I've really enjoyed reading so far.
Welcome Barber Us!
And yes, it can be almost overwhelmingly frustrating trying to deal with and enlighten the masses of sheep out there, who would infinitely rather remain clued to their TV or their Facebook profile rather than engage two or three neurons in simultaneous activity. At a certain point, you just have to realize that they are already lost, and financially merely the walking dead.
Thanks!