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Inflationary Guerilla Tactics Resume As Comex, Nymex Hike Margins On Gold, Silver, Cracks, Spreads And Other Products

Tyler Durden's picture





 

Wonder why the smart money was rushing headlong out of gold and silver over the past few days, and especially today in the AM session? Here is your answer: in tried and true fashion the Comex just hiked margins in gold, and silver by about 6%, and threw in a few other commodities to mask things up. And unlike the last time it did it, when it could at least pretend to justify its actions with the surge in gold price, this time with the PM complex dropping, we wonder what excuse the CME will use this time. Initial and Maintenance margins were just increased in everything from 10 Tr Oz Gold Futs, Comex 100 Gold Futures, Comex Miny Gold and Silver, E-mini Gold and Silver,  Comex 5000 silver futures to Silver trade at settle. Also added were Copper, Iron Ore, propane, butane, and other nat gas. Most notably, and confirming that the administration and the money printing authorities are terrified by the surge in crude, the CME also hiked margins in various refined products and coal. The official scramble to "contain" the aftermath of Bernanke's lunacy is accelerating. We wonder when REDI, Prime Brokers and E-trade will comparable collapse purchasing margin for stock trading accounts. Of course, as with all other such superficial market interventions, the impact is shallow and is overrun in a matter of days.

And no...there was absolutely no leak this time. We promise.

Report links (metals and coal/petroleum)

 

 


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Thu, 01/20/2011 - 21:16 | Link to Comment Raymond K Hassel
Raymond K Hassel's picture

kick that can, bitches

Thu, 01/20/2011 - 21:45 | Link to Comment berlinjames02
berlinjames02's picture

It seems the conclusion is simple.... buy phyiscal and tie that silver band PM a bit tighter around JPM's balls.

Thu, 01/20/2011 - 22:12 | Link to Comment Careless Whisper
Careless Whisper's picture

jpm is a pig. an itty bitty piggy to be precise. nicki minaj dedicated a song to them;

http://www.youtube.com/watch?v=Guaqx70j_QY

people who are buying physical gold and silver welcome the pullback in price. it's healthy. when you have a 5, 10, or 20 year time horizon, these pullbacks aare laughable.

 

Thu, 01/20/2011 - 23:42 | Link to Comment Bigger Dickus
Bigger Dickus's picture

what the fuck is this? If that bitch is singing about a short squeeze in silver the top is in for silver.

Fri, 01/21/2011 - 00:13 | Link to Comment GoinFawr
GoinFawr's picture

But now that you're posting again we know it must be a bottom!

Fri, 01/21/2011 - 07:57 | Link to Comment breezer1
breezer1's picture

bigger dickus is a bottom? do you know what you're saying? this is a respectable board. well, in some circles anyway.

Fri, 01/21/2011 - 06:57 | Link to Comment bigelkhorn
bigelkhorn's picture

This is amazing. I am scared right now about an economic collpase
as my house is about to foreclose. I am nearly in tears, and stressed.

My friend and I subscribe to the FFT newsletter the guy over at http://forecastfortomorrow.com He predicted the stock market crash, and the US collapse ages ago, and many other things, it is spooky how accuaret he is. and what he says coming next is intresting, he is well worth a look.

Time to prepare was yesterday people!!

Thu, 01/20/2011 - 23:28 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

Don't you mean,

kick that ameri-can down the road?

 

 

Fri, 01/21/2011 - 06:55 | Link to Comment Azannoth
Azannoth's picture

I just doubled my physical gold/silver holding could have waited 2 more day but hey -5% isn't all that bad

Fri, 01/21/2011 - 10:14 | Link to Comment Ironmaan
Ironmaan's picture

They are indeed kicking the can. They are waging a war of attrition, but in the end they will be the ones to attrit. Hang on to your physical and we will be the last men (and women) standing.

http://guerillatics.com

Thu, 01/20/2011 - 21:18 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

Kaboom !!! 

The pigmen piss in the face and kick shit onto the inflationist again .... 

 

Turd ??? Spritzer ???? Bay of swine ???? Turd .....

Thu, 01/20/2011 - 21:28 | Link to Comment MsCreant
MsCreant's picture

You reveal much in this post. Deep down in the recesses of your soul, as portrayed by your avatar, YOU ARE A GOLD BUG AND INFLATIONISTA.

Thu, 01/20/2011 - 21:32 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

How dare you, well I never ....

Thu, 01/20/2011 - 21:42 | Link to Comment Turd Ferguson
Turd Ferguson's picture

Hi, Spalding.

Imagine that, everything that had margins raise got crushed today. NO, there's no insider trading/info on the Comex. What a fucking joke that "market" is.

I've done some very interesting research and I'll be posting it later this evening to my blog. I'm extremely confident that the lows for this correction are in sight and that the next 20%+ UPleg will then begin.

My call is officially: $1600 by 6/10/11. I needed two more weeks post Memorial Day to make it accurate.

If it doesn't make it and I'm proven wrong. I'll leave ZH for good, never to be heard from again. When I'm right, will you and the rest of the AGAs leave, instead?

Thu, 01/20/2011 - 21:50 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Where would they go?  Karl Douchinger's market ticker? 

Thu, 01/20/2011 - 21:51 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

My brother -

 

Never, ever think of leaving. Some things are " bigger " than the Turd.

Commodities " will " be blowtorched and this will help Uncle Ben.

China is going to start hiking rates every other week and the " slowdown " talk will grow louder & this will be the monkey hammer that takes down most commodities ....

Thu, 01/20/2011 - 21:57 | Link to Comment EscapeKey
EscapeKey's picture

Right, so the Chinese will hike rates every other week, then that must be serious indication of inflation. And all this will happen without serious capital flight from the US, given Ben still lives in wonderland offering a "great" deal of - what - 3.4% on 10 years?

Let me just remind you that the only buyer of US Treasuries is Bernanke. Completely unsustainable.

Thu, 01/20/2011 - 22:14 | Link to Comment DoctoRx
DoctoRx's picture

2008 playbook, beta-tested previously by Japan:  crash stocks, crash commodities, call in dollar swaps from overseas etc.  Thus engineer another flight to "safety".  It works till it doesn't.  Sustainable till - who knows when?  

Thu, 01/20/2011 - 22:37 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

No. China built a manufacturing complex that profited off our credit orgy since 1980. And now she needs to become a consumer driven economy, this will not be easy.

After the blow out in 07' she printed like a mother fucker build this, prop'd up that. And she borrowed trillions in yuan at low, low rates. The forex thingy with the dollar is hurting the PBoC & the banks. The consumption in China has been dropping for years. The EU and the USA will not be spending like we did 3-4 years ago and that manufacturing complex is built/needs full capacity. The BRIC's can't take down all the over capacity ...Mike Pettis has been talking about a this slowdown for over a year. No word of this " on the street , yet ".

 

..........I am often asked, especially by my Peking University students, to list what I think is the sequence of steps China will take to address its economic imbalances.  Remember that rebalancing, in the Chinese context, has a very specific definition.  It means raising the consumption share of GDP.  This is just a way of saying that consumption growth must outpace GDP growth, and over the next few years it inevitably will, if the rest of the world is unable to absorb a rising Chinese trade surplus.

But there are many ways this can happen.  The good way is by a surge in consumption growth that allows GDP growth to remain strong.  The bad way is for consumption growth to slow, and for GDP growth to slow much more rapidly.

So how will China rebalance?  Unfortunately there is no obvious answer.  I always tell my students that even if I were smart enough to know the optimal sequence, it would nonetheless be very difficult to make any reasonable prediction since the sequence is not likely to be subject to economic analysis.  This is as much or more a political issue as it is economic, for at least two reasons:

  1. The rebalancing process will cause short-term pain and perhaps a rise in unemployment.  Postponing it will make both of those problems worse when the adjustment finally takes place.   China has to choose when is the best time to begin that process, and this depends on a lot of social and political factors.  Most obviously, the 2012 succession process is a key variable.
  2. Because rebalancing mainly means increasing the household income share of national income and, with it, the household consumption share, it implicitly means redistributing income from businesses and governments to households, and exactly which businesses, governments, and households depend on which adjustment mechanism.  There are several ways to rebalance, each with different implications for social policy, making it an issue that must be determined not by economists but by political leaders.

I want especially to address this second point.  In previous pieces I have discussed four main ways of boosting the household income share of national income.  Over the rest of this entry I will try to set out the very different sets of winners and losers under each policy, and suggest how different policies and sets of policies might change the underlying economy.

 

http://mpettis.com/2010/09/the-politics-of-chinese-adjustment/

 

 

Thu, 01/20/2011 - 22:45 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

Finally any entity that is long dollars and short renminbi will lose.  The most obvious example is the PBoC, which loses greatly from revaluation.  Investors who have stockpiled significant amounts of commodities funded by renminbi borrowing will also lose.

Thu, 01/20/2011 - 23:00 | Link to Comment CU1981
CU1981's picture

Hey Numb nuts:

 

NIRP ... ever heard of it ?

 

Negative interest rate policy, PM's battle has been lost and the ptb are already two steps ahead of you. Get a clue.

Thu, 01/20/2011 - 23:04 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

Hey fuck face. I'm reposting shit from 4 months ago. 

Read a book, next.

 

I have been talking about the bubble for months ...

 


"I'd say this is another very important signal that the economic soft patch we were all worried about is pretty much confined to March"
- David Seiders, Chief Economist, National Association of Home Builders

Fri, 01/21/2011 - 01:03 | Link to Comment Sophist Economicus
Sophist Economicus's picture

Gee wiz, Gold's high was in December - you've been calling for bubbles for 4 months, gold has been down A LITTLE for about a couple of weeks and you're getting all puffy chested?   Interesting.   

Fri, 01/21/2011 - 01:08 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

Look at gold since oct 20th. Look at 90% of the miners over the last 3-4 weeks.

 

Yes I have been talking about china slowdown/commodity monkey hammer for months ....

Fri, 01/21/2011 - 01:29 | Link to Comment Sophist Economicus
Sophist Economicus's picture

I'm with ya on the China slowdown -- though I don't think we're in sparse company here.     Commodities are the play things of the specs in the short-run, BUT, if you have big visions for CAT, I'm assuming (a dangerous game, I know) that miners and farmers of all stripes can extract and plant profitably -- 'Godfather' Jim seems to be on that path -- else, I don't see the math behind your CAT vision

Fri, 01/21/2011 - 10:47 | Link to Comment GoinFawr
GoinFawr's picture

"Yes I have been talking about china slowdown/commodity monkey hammer for months ...."

Yes, and meanwhile gold and silver reached new highs in spite of your broken record prognostications, and now that they are undergoing a normal correction you are crying "Victory!".

Heh, wow. <golf clap>

Fri, 01/21/2011 - 00:27 | Link to Comment gangland
gangland's picture

i feel privilidged to have sort of walked into a great conversation between some old skool zh fuckers....i don't care what I say...but there is a lot in your post spalding...uh.......thinking......ya the thing about it is......oh ya...hey dude... i post drunk too....lolz.....but who the fuck cares....my point is....china is going to make the same moves that germany did, we did, japan did, skorea did, iran is doing, saudi, etc etc. the infrastructure game, why do u think japanese debt to gdp is 200% duh they're ahead of us in temrs of that bad loan cycle...they gave bad loans like us on worthless ifratstructure and RE and farms, remeber when a big mac in tokyo was like 19 bucks??...the avg age of framers in japan is like 88 man....ok?

so  china is going to make and already ism aking the same mistakes.....theyre human liek the rest of us....we just all look a little different....thank fucking god....but i do still have a bit of ...tiny nanometer of fucking hope that the chinese will save us all before the aliens from the galactic council in sirius/pleadis belt have to enforece their mandate. doubt it tho.

 

waiting for dr ricky w her cap on or whatever her name is....

 

 

ok it never hit 130 but that makes my point. duh..

Fri, 01/21/2011 - 01:05 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

Oh look,

 

Kamatzu is down 4 1/2 % on China slowdown talk.

Spalding has been pounding this drum for months ...

Fri, 01/21/2011 - 01:34 | Link to Comment goldsaver
goldsaver's picture

what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

Fri, 01/21/2011 - 01:23 | Link to Comment jwthomps
jwthomps's picture

Good job Spalding.  There is a ton to

know about China and Pettis is a good

source.

Fri, 01/21/2011 - 12:49 | Link to Comment Samuel Morales Jr.
Samuel Morales Jr.'s picture

Raising interests won't do much. It's the dollar peg that's the core of the problem. Same thing with Brazil. They will raise interest rates, but that would barely do anything against inflation. Same thing goes for China. Yuan props up the dollar, so if the Chinese were to allow the Yuan to float, USD will go down, and the Yuan will go up. So capital inflows will be a thing for China to be aware of, but yeah the USD is going down, therefore the Chinese will consume more of the same things Americans consume. Therefore things like commodities, or raw materials will cost more expensive for Americans, and Chinese economy will be more like a Japanese, or German economy where there is a more balanced consumerism, and export economy, and it's highly unlikely that manufacturing base will move back to the USA all of sudden in my view.

Thu, 01/20/2011 - 22:16 | Link to Comment Idiot Savant
Idiot Savant's picture

That's a ballsy prediction Turd - good luck!

On another note, ZH would be boring without differing viewpoints. Spalding, Wanger, Redneck, and others, all bring opposing views that I find refreshing. I think it's a sign of ignorance to only want to be around people who think and feel the same way regarding a given subject. We all need to question our views and opinions from time to time. Jeez, I even miss Johnny Bravo occasionally.

Thu, 01/20/2011 - 22:58 | Link to Comment jeff montanye
jeff montanye's picture

absolutely true.  no one leave, even if wrong.  stay and raise the level of debate.  better if focus is on attacking arguments not authors, imo.

Thu, 01/20/2011 - 23:34 | Link to Comment RockyRacoon
RockyRacoon's picture

Well now, that takes all the fun out of it, eh?

Thu, 01/20/2011 - 23:51 | Link to Comment serotonindumptruck
serotonindumptruck's picture

Total agreement here. Ad hominem is by far the most prevalent logical fallacy to be encountered on the interwebs, and the most disappointing.

I will admit when I am wrong, or at least wrong-headed in my opinions. There is truly no valid reason to "attack the messenger" via personal insults, especially when exchanging text-based dialogue.

I'd like to think that we can "evolve" beyond the keyboard kommando stage and exchange information with others as if we were speaking face-to-face.

Fri, 01/21/2011 - 03:47 | Link to Comment ebworthen
ebworthen's picture

I jus' luv dem hominy grits attacks!

Dun leave dem boys all wide-eyed sayin' "Whassup!?!?"

Cain't have no feelin's ohr tought now, you might be messin' with de' man's plan.

Talk like dat der Benjamin Bernank, He De' Man!

Fri, 01/21/2011 - 00:15 | Link to Comment gangland
gangland's picture

give u 3-2 1600 byjune ain't gonna happen would you take it? :D

Fri, 01/21/2011 - 15:41 | Link to Comment GoinFawr
GoinFawr's picture

Sure, but the bet is to be paid in gold no matter who wins.

Thu, 01/20/2011 - 22:31 | Link to Comment nmewn
nmewn's picture

Smailes,

"China is going to start hiking rates every other week and the " slowdown " talk will grow louder & this will be the monkey hammer that takes down most commodities..."

Your kiddin right? Trust commies with real capital?...what could possibly go wrong?

Fri, 01/21/2011 - 03:43 | Link to Comment ebworthen
ebworthen's picture

In the "old days" perhaps.

What this round of monkeys in the FED and Wall Street don't understand is that this time is not like the last time. 

This is not 1982, this is not 1964, this is not your Father's Buick.

You can sell out every business, every job, every retiree and pensioner to prolong the old game but sooner or later the pigeons will come home to roost.

You cannot build an empire on pillars of salt. 

The old ways are dying, spectacular as the last two years of folly have been.

 

Fri, 01/21/2011 - 08:38 | Link to Comment Turd Ferguson
Turd Ferguson's picture

<double post>

Thu, 01/20/2011 - 22:10 | Link to Comment El Hosel
El Hosel's picture

http://finviz.com/futures_charts.ashx?t=SI&p=w1

   Silver trendline off the 2008 low would be down around $23. They pull this shit everytime, if silver gets to $23 it will be a normal correction... In an Abby normal world.

    http://www.youtube.com/watch?v=dQ_pKqiB5Rg

Fri, 01/21/2011 - 16:17 | Link to Comment Kobe Beef
Kobe Beef's picture

Dear El Hosel,

Last January, Silver had a 4 week sell-off in January. Then it rallied through the spring. This year silver has sold off for the first 3 weeks in January so far. Until silver sells off longer than 4 weeks, I'll consider this a garden-variety sell-off & start bargain hunting.

Just my take. Cheers, Beef

Thu, 01/20/2011 - 22:21 | Link to Comment SloSquez
SloSquez's picture

Stop rolling the dice with the the ultimatums Turd.  Just contribute - and BTW you do that well.

Thu, 01/20/2011 - 22:31 | Link to Comment Freddie
Freddie's picture

+1

Fri, 01/21/2011 - 01:17 | Link to Comment Turd Ferguson
Fri, 01/21/2011 - 06:32 | Link to Comment technovelist
technovelist's picture

I agree with the others. Don't leave. Timing is a bitch; ask Jim Sinclair, who should know!

Thu, 01/20/2011 - 21:32 | Link to Comment Arius
Arius's picture

more clashes in Bangladesh...just on BBC

Thu, 01/20/2011 - 21:31 | Link to Comment d00daa
d00daa's picture

Holy shit, calm down.

Think about this a little during the afterglow of your anti-PM orgasm.

Silver has already blown off considerably, and if it is indeed mostly related to front running this margin hike most of the damage is likely already done.

Futures are flat to slightly up.

But please, by all means, continue to troll away and make yourself look like a retard, lol.

Thu, 01/20/2011 - 21:44 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

I see your new. I have been slamming gold for 3 months ... Bubble quotes ect ....

Dooz guyz at william blair not zo stupid. 

Jim Rogers, Soros, Nomura the line will only get longer.

 

Also. Cat will be over $150 by 2012. Monster numbers will be printed over the next 5 years.

Thu, 01/20/2011 - 21:58 | Link to Comment d00daa
d00daa's picture

Oh I've been lurking for quite a while, very familiar w/ your schtick.

You look silly, but at least you somewhat back up your trolling unlike Wanger et al.

For the record, with regard to silver I am long physical averaged in at ~ $16 and hedged rolling long SLV puts.

 

"Monster numbers" over the next five years??  I stand corrected, you back nothing up.  It's this kind of ridiculous speculation, without any basis in fact, that makes you guys look like idiots.

Please, by all means, explain how you see all of this unfolding over the next five years.  For once, just once, I'd like to see some specifics from you guys.

Thu, 01/20/2011 - 22:08 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

I'm sure I do look silly a bunch. I bet you forgot more about trading than I know ....

 

I just started a year ago and was blowtorched the first 6-7 months. Lost 40%. I'm almost back to even. I started a new business so I will be on the road a lot ...

I will need an ipad so I can become mobiletrader ... Lol'

 

Thu, 01/20/2011 - 21:54 | Link to Comment Yits and the Yimrum
Yits and the Yimrum's picture

Smailes, you've lost all credibility with me.

Cheer leading a very normal correction in metals, shows you'aligned with the bankster thieves

you're just an asshat, and should remove yourself to yahoo with all the other blovators 

What a jerk; you show your true colors

Thu, 01/20/2011 - 22:10 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

I trust Rogers. You think you know more than Jim " the godfather " Rogers. Great.

Fri, 01/21/2011 - 09:58 | Link to Comment tmosley
tmosley's picture

That's BS and you know it.  You "trust Rogers" when he says something bearish on gold, and only then.  When he is bullish, you ignore him.

Thu, 01/20/2011 - 22:13 | Link to Comment Sean7k
Sean7k's picture

Dollar inflation is a false profit.

Thu, 01/20/2011 - 22:25 | Link to Comment Hephasteus
Hephasteus's picture

"Also. Cat will be over $150 by 2012. Monster numbers will be printed over the next 5 years."

Worldcom printed monster numbers too. How'd that work out for them?

Thu, 01/20/2011 - 22:42 | Link to Comment Eally Ucked
Eally Ucked's picture

In 2 years Chinese will manufacture their own line of "cats" like they do now with stealth fighter. And will sell them for much less. Maybe you should move decimal point on that 150$ a bit to the left?

Thu, 01/20/2011 - 22:59 | Link to Comment quasimodo
quasimodo's picture

I know heavy equipment, and will say that their version of a CAT will hold together about as well as those Polaris look alike quads that you can buy on feebay for a few hundred.

Thu, 01/20/2011 - 23:12 | Link to Comment Eally Ucked
Eally Ucked's picture

Just give them time, they will work on it. Like Japanese in the past.

Thu, 01/20/2011 - 23:34 | Link to Comment GoinFawr
GoinFawr's picture

Heh, yah like the French they only export their 'best' wines.

/sarc

Thu, 01/20/2011 - 23:41 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

Look at Hyundai. They used to be a joke with their Pony, and through most of the 90s, but they steadily improved quality and market share. Now they are competing with the best Japanese stuff, and delivering better value for money in some cases. Not bad.

That's the Koreans. Will the Chinese do the same?

Fri, 01/21/2011 - 00:03 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Hyundai not only is gaining market share but in Peru as well.  Hyundai's reputation is going up worldwide.

Which is nice because over 70% of the bearings we bring into Peru are Korean!

LOTS of Chinese bearings are still junk...

Fri, 01/21/2011 - 00:07 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Chinese cars (last time I was there I saw cars from over 12 different Chinese car plants / brands) are considered JUNK.

I would guess that there will have to be real consolidation in the Chinese car mfg. industry before their quality inches up.

Above reply re Cat matches what I hear down there as well.  Every contractor in Peru would use Cat equipment if they could.

Fri, 01/21/2011 - 00:12 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

Cat India sends my buddy work. 

Much of the shit be built in China stays in China. Also think through my/pettis post.

As China revalues and de-pegs over the next few year the manufacturing complex no longer has that subsidy of cheap exports ... 

Cat is expanding in the USA.

Fri, 01/21/2011 - 00:28 | Link to Comment gangland
gangland's picture

i like cat in low to mid 90's it was like 130 in 08, theyre a monopoly, especially to douche brand chasers overseas, show me their comp? till china copies......ya....never hit 130....cat ..but it will....soon

Thu, 01/20/2011 - 23:38 | Link to Comment Lord Koos
Lord Koos's picture

You may know heavy equipment, but I bet you don't know the Chinese.

Thu, 01/20/2011 - 23:39 | Link to Comment goldmiddelfinger
goldmiddelfinger's picture

Careful there Peoria Pete, those CYD shitkickers are made under a CAT JV using CAT rebuit deisels. That's your own handiwork you're pissing on and CYD's 6 trail p/e rips CAT's 15 forward.

Fri, 01/21/2011 - 16:26 | Link to Comment Kobe Beef
Kobe Beef's picture

Now, now, I bought a "Folex" in Hong Kong once that lasted a good two weeks!

Thu, 01/20/2011 - 22:10 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Right here Spalding,

Harvey Organ says you're full of shit. Most here would agree with that.

The front delivery month of March saw its OI fall from 73,539 to 71,963.  This is normal.  The estimated volume for today was an astounding 102,218 which represents  511.0 million oz of silver.  In terms of global production this represents 73% of annual silver production.  And our regulators think this is legal?  and not manipulative?

 

Thu, 01/20/2011 - 22:22 | Link to Comment goldmiddelfinger
goldmiddelfinger's picture

Bingo sparky. Regulators can say there's too much speculation. Your numbers for today support the idea. And you whine about legality and manipulation. Pfft.

Thu, 01/20/2011 - 22:53 | Link to Comment Bay of Pigs
Bay of Pigs's picture

I am not whining you douche. Just reporting the facts which you seem to ignore all the time.

Regulators? Yeah right....FAIL.

Thu, 01/20/2011 - 23:05 | Link to Comment goldmiddelfinger
goldmiddelfinger's picture

"Regulators" was the word you chose and now you criticize it.

73% of annual production means nothing since silver isn't consumed into thin air. There's plenty still around and what will delivered up next year has value as well.

When you're losing an argument you resort to name calling. Very effective. Does it work well with your children? It didn't work well with your parents I see.

Thu, 01/20/2011 - 23:41 | Link to Comment Terminus C
Terminus C's picture

because calling him "sparky" wasn't meant to be derogatory or condescending...

I love people who use the very same tactics they decry and have no clue they are doing it.

Priceless

You sir, are a troll.

Thu, 01/20/2011 - 23:46 | Link to Comment GoinFawr
GoinFawr's picture

"73% of annual production means nothing since silver isn't consumed into thin air."

heh, MB not into 'thin air', but you are sure gonna spend a helluva lot of time at your local landfill collecting enough broken Iplods to make a single Cdn. Maple.

Regards

Fri, 01/21/2011 - 02:40 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Can you read? Fuck you are dumb...

Thu, 01/20/2011 - 21:17 | Link to Comment FaithEqualsZero
FaithEqualsZero's picture

BTFD Bitchez!

Thu, 01/20/2011 - 21:39 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

FTD BTFPM!

Thu, 01/20/2011 - 23:26 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

FTD BTFPM!

Some things in life trigger response.  Death, birth, injury, ecstasy, and language.  From the sound of a baby's coo, to the baby's mother's response, to a poem being read by a belligerent bohemian, words matter.  Word is the closest we can get to express our truths, even though we merely perceive them through a veil, and the truth will set us free.

Certain words and phrases resonate inside us.  When the outside talks the inside responds.  Our minds and hearts vibrate together in a remembrance of our past.  We experience all of life in that moment.  Then we try to register it.  Between this is experience.

Happiness and sadness can come from these experiences whether we like it or not.  We have no allegiance to any words in particular and that is how it is the past experiences that guide or heart over our minds to catch the meanings. 

So when I heard FTD BTFPM I couldn't stop smiling.  Still can't.  Something about the urgent yet stoic nature.  In this time of gubertorial theft and deciete, the truth rings loud and clear.  FTD, because who cares about what thje dictated price is.  BTFPM, because what else is there.

Thu, 01/20/2011 - 23:27 | Link to Comment lsbumblebee
lsbumblebee's picture

Cheez wiz Mr LH that has gotoot be some good fuckin weed.

Thu, 01/20/2011 - 23:34 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Irie.

Fri, 01/21/2011 - 01:38 | Link to Comment Hephasteus
Hephasteus's picture

He's been smoking too much platinum profits.

Fri, 01/21/2011 - 23:30 | Link to Comment Herd Redirectio...
Herd Redirection Committee's picture

F*** the dip, buy the f***ing Precious Metals!

http://psychonews.site90.net

Thu, 01/20/2011 - 23:33 | Link to Comment goldmiddelfinger
goldmiddelfinger's picture

Ah, the effiminate musings of a soldier on the front lines of doomer watch. Today we must long for a baby's coos for tonight it's buried Franklin halves, 12 guages and peanut butter.

Thu, 01/20/2011 - 23:59 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Definitely do not like being called a doomer.  There is a fresh world beyond fiat lies waiting for everyone away from the rocks.  Listen not to the siren.  She wants the doom. 

I do like truther, don't know how that worked out.  Conspiracy theorist?  Another one that is weird.  Is it a theory or fact that JFK had his head blown off with an Italian WW II rifle fired a bunch of times in a small time frame?  Oh wait that is a lie.  So it is false.  How the hell did America buy this shit?  Oh they were busy using their dollars to buy gasoline on the low low.  For real doe, what it is?

PS effeminate has to be the most overused word ever.  What are you trying to imply?  Women show their emotions, but men do not unless it is with their fists?  Pathetic.  Hopefully someone pulls your V-card soon because your animosity usually kills my high.

Thu, 01/20/2011 - 23:44 | Link to Comment Lord Koos
Lord Koos's picture

I gotta admit that last sentence was funny.

Thu, 01/20/2011 - 21:18 | Link to Comment reachsb
reachsb's picture

Just in time before the Opex on the 26th!! 

Thu, 01/20/2011 - 21:22 | Link to Comment EscapeKey
EscapeKey's picture

Desperation.

More treating of the symptom, not the cause.

Thu, 01/20/2011 - 21:25 | Link to Comment Woppopotamus
Woppopotamus's picture

It is a stinky cologne.

Thu, 01/20/2011 - 21:21 | Link to Comment caconhma
caconhma's picture

Now, we know the answer for commodities collapse in the last 2 days.

At the same time, it made them even more valuable.

Well, one cannot either eat or print gold.

Thu, 01/20/2011 - 21:33 | Link to Comment plocequ1
plocequ1's picture

One cannot buy Jack Daniels , Guiness  and other medications either.

Fri, 01/21/2011 - 01:22 | Link to Comment StychoKiller
StychoKiller's picture

Non Sequiter!

Thu, 01/20/2011 - 21:22 | Link to Comment chump666
chump666's picture

jeez...I dunno, looks like a commod unwind and hard.  You got a futures market that is so overbought to delivery months.  MArket is already taking gold bubble burst, oil/ copper etc.

check your risk/commodity FX crossess.

Thu, 01/20/2011 - 21:23 | Link to Comment chump666
chump666's picture

AUD just passed under 100ma...that's a short signal

Thu, 01/20/2011 - 21:23 | Link to Comment fast99snake
fast99snake's picture

anyone notice copper margins went down?!?!

we are at basically all time highs, and pretty volatile?

Thu, 01/20/2011 - 21:30 | Link to Comment Common_Cents22
Common_Cents22's picture

why did copper margins get reduced?????

Thu, 01/20/2011 - 21:39 | Link to Comment Voodoo-economist
Voodoo-economist's picture

someone is long copper

Thu, 01/20/2011 - 22:28 | Link to Comment baddress
baddress's picture

Haven't you been reading the internets? Copper bullion is the next big thing! (seriously!)

Thu, 01/20/2011 - 22:53 | Link to Comment goldmiddelfinger
goldmiddelfinger's picture

Direxion is adding 3X copper VIXs--both ways

Thu, 01/20/2011 - 23:46 | Link to Comment Lord Koos
Lord Koos's picture

JP Morgue is somebody.

Fri, 01/21/2011 - 00:17 | Link to Comment Captain Benny
Captain Benny's picture

To me the iron ore and copper margins, which were decreased dramatically just screams that the bitch Blythe is getting her anal^H^H^H^Hbackdoor bailout.  Not to mention the MASSIVE dumping of physical that SLV did the last few days.  The physical metal market is in a huge bind right now and the crimex is doing all they can to hurt longs... little do they realize that the longs actually WANT delivery and have one hell of a lot of money on hand for margins.

Sat, 01/22/2011 - 02:58 | Link to Comment yellowbr
yellowbr's picture

+1

It's just unbelievable, taken the cited reason for the silver margin hike back in November....

Here's the link to the source: http://www.kitco.com/reports/KitcoNews20110121AS_CME.html

(in all fairness, margin for iron ore was also reduced, but that was it, everything else was increased)

Thu, 01/20/2011 - 21:23 | Link to Comment txapela
txapela's picture

fuck.

 

where do i find more money to put into AGQ?! im all tapped out!

Thu, 01/20/2011 - 22:07 | Link to Comment goldmiddelfinger
goldmiddelfinger's picture

options

Thu, 01/20/2011 - 21:25 | Link to Comment Mercury
Mercury's picture

Fight Club is on VH1 right now for all you ZH mythology buffs...

Thu, 01/20/2011 - 22:14 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

Been meaning to see that.

Thu, 01/20/2011 - 21:27 | Link to Comment razorthin
razorthin's picture

buy the crater, bichez!

Thu, 01/20/2011 - 21:35 | Link to Comment chump666
chump666's picture

hahahahah

Thu, 01/20/2011 - 21:35 | Link to Comment Arius
Arius's picture

hehe...that video was from 2006 right at the boom....go check back with the lady on your spare time...

Thu, 01/20/2011 - 22:13 | Link to Comment goldmiddelfinger
goldmiddelfinger's picture

Freaking $300k mold maker priced to move at $967k and she has a $810k mortgage. I saw her under a bridge this morning cause I know she has a bird's IQ.

Thu, 01/20/2011 - 21:28 | Link to Comment Xibalba
Xibalba's picture

As if the CFTC (non)ruling wasn't enuf warning....

 

Buying silver at it's 200dma. 

Fri, 01/21/2011 - 06:44 | Link to Comment fredquimby
fredquimby's picture

Hmmm about $23 then for you?

Nah, I reckon too many are bleeting that this is the big sell off, so I just set up a buy order for $27.1. It just missed it a moment ago...now back to $27.25....relying on the Friday afternoon, options expiry dip to get me in again then!!

Cheers!

Thu, 01/20/2011 - 21:30 | Link to Comment bankrupt JPM bu...
bankrupt JPM buy silver's picture

Good, last time this happend fiat price went up.  Also, for those wanting Maples-good luck soon-Canadian mint would rather print the 'wolves' first...

Fri, 01/21/2011 - 13:18 | Link to Comment darkaeye
darkaeye's picture

I bought a Monster Box of Maples from Kitco yesterday.  Now I can't stop smiling.  OH yeah!  Thanks JPM and Comex for the opportunity.

Thu, 01/20/2011 - 21:32 | Link to Comment lsbumblebee
lsbumblebee's picture

Fine. Tinkering with the paper market won't replenish their physical inventory. Tick tock tick tock.

Thu, 01/20/2011 - 21:49 | Link to Comment nmewn
nmewn's picture

Dead on...can I still say that?...LOL.

They have problems with reality...the only bubble is in paper.

Fri, 01/21/2011 - 00:24 | Link to Comment Captain Benny
Captain Benny's picture

I'm in total agreement.  They don't understand that people like myself are redirecting huge portions of their incoming into physical acquisition of the PMs.  The major PM retail dealers have enough cash on hand and have seen enough demand these past few months that they can easily handle the margin increases.  Hell.... they have every intention to take delivery if it comes down to it.

When I heard Eric Sprott's own voice say that he was having a hard time acquiring physical... and his PSLV fund is over 14% premium, you know there is a paper-physical disconnect.  I'm not leaving physical... and I hope none of you do either.  NO MATTER HOW FAR IT DIPS!

Thu, 01/20/2011 - 21:35 | Link to Comment sellstop
sellstop's picture

They are just trying to get the price of the physical PM's down so we can buy more...

gh

Thu, 01/20/2011 - 21:40 | Link to Comment spinone
spinone's picture

PM buying opportunity.

I'll DCA all the way to $25/oz

Thu, 01/20/2011 - 21:41 | Link to Comment I think I need ...
I think I need to buy a gun's picture

buy only gold now...nice capitulation day on high volume, just saw greenspan on fox said we have to go to a gold standard (the dollar king himself says fiat money doesn't work without devastating inflationary problems). Everything including silver will deflate to gold for a year. then go back and buy oil silver etc as money printing resumes.....

Thu, 01/20/2011 - 21:46 | Link to Comment slow_roast
slow_roast's picture

"as money printing resumes"

Did it stop?  I must have missed that.

Thu, 01/20/2011 - 22:01 | Link to Comment gwar5
gwar5's picture

Alan Greenspan would never tell a lie would he?

Thu, 01/20/2011 - 21:46 | Link to Comment lawrence1
lawrence1's picture

MUST READ... the Jan 19 2011 FOFOA post.  Really.

Thu, 01/20/2011 - 23:20 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

+ $55,000  

Truly is must reading.  FOFOA neatly sums up various of his definitions and thinking.  Highly recommended reading for everyone interested in gold and silver, especially gold.

The Central Banks have placed their bets, have all of you?

I myself was one of those supporters of FOFOA's views who did NOT argue his case well (with the ever bright ZH-er Shameful a few days ago).  FOFOA can argue the case for physical gold much better than I can.

fofoa.blogspot.com

Fri, 01/21/2011 - 06:48 | Link to Comment fredquimby
fredquimby's picture

@DCRB

FOFOA is the best writer on the net in my op. 

He has done some really, really great pieces recently too...

http://fofoa.blogspot.com

 

 

Thu, 01/20/2011 - 21:50 | Link to Comment RafterManFMJ
RafterManFMJ's picture

Added another 100 oz. Silver today. Hope it continues to fall!

Fri, 01/21/2011 - 10:50 | Link to Comment Non Passaran
Non Passaran's picture

I am hoping the same, but I haven't bought yet.

I'm holding onto what I have and plan is to add @ $25 (if it goes that low), otherwise will might buy some miners once my panic sellout trades get settled.

Thu, 01/20/2011 - 21:55 | Link to Comment Deathtöngue
Deathtöngue's picture

Buy the dip in silver!

Thu, 01/20/2011 - 21:56 | Link to Comment uno
uno's picture

wonder what their nuclear option is, they keep raising margin requirements and the lifespan effect is a few days.  Position limits on longs in a few months, guess it is trying to survive one month at a time

Thu, 01/20/2011 - 22:07 | Link to Comment Hephasteus
Hephasteus's picture

Somebody's gotta get wiped and soon. If they can't pile people into stocks they'll do it through the commodity markets. But make no mistake. Somebody is on the menu. They want to insure the victims are grade A finest and fattest of the bunch.

Thu, 01/20/2011 - 22:32 | Link to Comment goldmiddelfinger
goldmiddelfinger's picture

Meanwhile two men were seen running from the grassy knoll in Dealey Plaza. They, they. When you can't man up blame "they". Did you know Hephaestus was lame?

Thu, 01/20/2011 - 23:28 | Link to Comment Hephasteus
Hephasteus's picture

You mean Did I know if Hephasteus was lame? Well mr finger. Why don't you start a discussion about hephasteus. I can link it and weave it into and out of quite a large number of ideospheres. But since you're quite retarded due to excessive laziness and reliance on the illuminati for answers. It would really be too monumental a task to undertake. As you're not in tune with the ideosphere and prefer to remain safely ensconched within the protective walls of the retardosphere.

All anyone can really wish for reguarding you is the slim hope of you understanding a simple message such as do not disturb being tapped out on the back of your skull in morse code with a small rock hammer. And you waking up a minute later to changing scenery wondering if you need to learn boundries and how to read no retarded rhetorik signs.

Thu, 01/20/2011 - 22:05 | Link to Comment max2205
max2205's picture

Mfickers. Missed getting crushed by 24 hours. Sure no leak. These guys are ripe

Thu, 01/20/2011 - 22:06 | Link to Comment Buck Johnson
Buck Johnson's picture

That explains it, I was wondering why the commodities where going down the past few days.  By increasing margin it guaranteed that something like this would happen.  As Tyler pointed out that for oil every dollar increase is a 100 billion dollar subtraction from the GDP.  They where ordered to do it because remember last week and this weekend those silver and gold dealers where running out of the stuff.  I hate to tell you this, but I have a feeling that the Fed and other govt's are playing a game of whack a mole and they are slowly loosing.

Thu, 01/20/2011 - 22:26 | Link to Comment El Hosel
El Hosel's picture

    "going down"

     WTF ?  does this look like going down?

    http://finviz.com/futures_charts.ashx?t=HG&p=w1

    http://finviz.com/futures_charts.ashx?t=SI&p=w1

    http://finviz.com/futures_charts.ashx?t=GC&p=w1

    Not even in an established correction.... yet

 

         NOW... Looky here if you want to see some potential upside

                    http://finviz.com/futures_charts.ashx?t=NG&p=w1

Thu, 01/20/2011 - 23:53 | Link to Comment GoinFawr
GoinFawr's picture

'Whack a mole', heh.

Too many holes and not enough thumbs; and I thought these guys were 'all thumbs' too...

Thu, 01/20/2011 - 22:12 | Link to Comment owensdrillin
owensdrillin's picture

Listening to Kudlow on the way back from work, I swear he was spooging off in his pants as he described gold's demise today. Unfortunately for him I think his bonner got a little soft when his two guests didn't quite share his sentiment about the future of precious metals. One of them stated " Nothing has changed Larry so it is still the place to be over the next year."

How did an idiot like him ever get his own show.

Thu, 01/20/2011 - 22:18 | Link to Comment Rockfish
Rockfish's picture

From the idiots that watch him present company excluded.

Fri, 01/21/2011 - 00:09 | Link to Comment RockyRacoon
RockyRacoon's picture

His meds were off today.  Wasn't that long ago (a week?) that he was advocating putting the dollar on a gold backed system.  He's schizo.

Fri, 01/21/2011 - 01:20 | Link to Comment Dr. Sandi
Dr. Sandi's picture

How did an idiot like him ever get his own show.

To paraphrase Slim Pickens as the Trail Boss in Blazing Saddles:

"He uses his mouth purdier than a 20 dollar whore."

Thu, 01/20/2011 - 22:15 | Link to Comment buzzsaw99
buzzsaw99's picture

Fuck margins on stocks, fuck margins on PMs. If you don't have the cash don't step up. Simple really.

Thu, 01/20/2011 - 22:16 | Link to Comment JonNadler
JonNadler's picture

to all my brothers here Appalling Smell, Robot, Tworivers, JW in FL, this is the time to hit the gold bugs hard. Anything goes, we're aiming at the heart here, we must put fear and doubt into their hearts that the bull market is finished, anything to keep them from the coin shop. Robot post some nudy pics, get the goldbugs mind into some breasts so they'll go to the porn shop instead of the coin shop.

 

Again, just KEEP THEM FROM THE COIN SHOP at all costs.

 

IN JAMIE WE TRUST...well at least for now

Thu, 01/20/2011 - 22:36 | Link to Comment TWORIVER
TWORIVER's picture

Man, I just look at charts and was expecting Silver to make it to 32 - 33 when they tried 31. After no go at 30 forget it and now the chart is clear on break of 28. At 23 - 25 it will be a great buy, sorry if my view goes against those who call for extreme movements up or down. I am in no one's camp, co-opted at best by those with an agenda. Thats why I don't post here too much, it's' practically useless. You may be right with the long ball calls, but I have a better chance of being right looking for a double up the line. Good luck to all

Fri, 01/21/2011 - 00:00 | Link to Comment GoinFawr
GoinFawr's picture

Hey Deux Rivieres, remember when we talked a couple of months ago about what would happen if the dollar index support failed at 79?

Thu, 01/20/2011 - 23:28 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

That's right JonNadler!  Get 'em over to the porn shop rather than the coin shop.  Priceless.

Aim for the heart and hit 'em hard!

Au to $200 next week.

Au to $2.00 next month

Au to $0.02 on Turd's Prediction Day (June 11)

Thu, 01/20/2011 - 23:50 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

I see a market in gold bullion boobs.

Thu, 01/20/2011 - 22:19 | Link to Comment gwar5
gwar5's picture

Well, well, well, who woulda guessed it....

 

State Bankruptcy Option Is Sought, Quietly - NYTimes.com

 

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