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But... But... It Was Supposed To Go To Zero

Tyler Durden's picture




 

What kind of goddamned bubble pops and then goes right back up? Oh wait, did the Central Banks retract the 8-K where they all promised they are done printing for ever and ever (granted, countersigned by Linda Green and Jean Claude Junker, and edited by the WSJ)? That must be it! Oh, and gold at $1,521, back to those lofty, long ago levels from April 27. Cue CNBC on precious metals popping. And yes, that giant sucking sound is the CME preparing silver margin hike 6 through 666.

Of course, there are still those who prefer to use this currency:

(yes, from Banzai)

 

 

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Tue, 05/10/2011 - 21:29 | 1261234 Upswaller
Upswaller's picture

Whhhhheeeeeeeeeee!

Tue, 05/10/2011 - 21:42 | 1261280 66Sexy
66Sexy's picture

Not Popping... pruning.

Tue, 05/10/2011 - 21:50 | 1261299 wirtschaftswunder
wirtschaftswunder's picture

My local roadside watermellon seller converted to "buying silver" 2 weeks ago.

This weekend?...Yep. Watermellons!

Tue, 05/10/2011 - 22:05 | 1261362 palmereldritch
palmereldritch's picture

It's when the guy in the truck selling turnips is converted...

Tue, 05/10/2011 - 23:07 | 1261615 Fish Gone Bad
Fish Gone Bad's picture

I just picked a mess 'o turnips this afternoon to have with dinner.

Tue, 05/10/2011 - 23:35 | 1261701 Ahmeexnal
Ahmeexnal's picture

Great source of iodine to protect you against the fukushima cloud of death.

Tue, 05/10/2011 - 23:38 | 1261711 tmosley
tmosley's picture

Presuming he has iodine in his soil.  And that it isn't already radioactive.

Wed, 05/11/2011 - 01:27 | 1261901 DoChenRollingBearing
DoChenRollingBearing's picture

tmosley, point for you.  Gas went from $4.15 to $4.09 at the Shell station near where I work.

I will re-submit this to you again when I see you around.

---

Troll Alert!  Do not fcuk around with tmosley!  He has demonstrated intellectual superiority (granted, bearings have no brains) re me in light-hearted pissing contests.

And it looks like he is a chemist.  Aggresive trollers / cyberstalkers best be aware that chemists can create all kinds of nasty substances that can be left on doorknobs, slipped into drinks, etc.

Fight Club OK.  Beware of being evil.  You will lose.

Wed, 05/11/2011 - 02:46 | 1261976 Michael
Michael's picture

tmosley works for these people;

I just figured out what CNBC stands for; "Central Neo-Bank Cartel" channel.

The reporters on that channel are Central Neo-Bank Cartel employees.

This revelation makes it a lot easier to see who the reporters on CNBC actually are without the special glasses.

They Live - Obey, Consume, This is your God

http://www.youtube.com/watch?v=7Lwlx3GnLGs

Thank me.

Wed, 05/11/2011 - 03:07 | 1261988 Michael
Michael's picture

This is exactly what the TV talking heads are saying about our leader Obama concerning the OBL situation;

OBEY: We have faith in our leaders

http://www.youtube.com/watch?v=jk5tz-rfdIk&feature=related

Wed, 05/11/2011 - 06:43 | 1262134 tmosley
tmosley's picture

tmosley, the ANARCHO-CAPITALIST, the guy who encourages everyone who will listen to own physical silver and gold, the guy who spends hours per day decrying the filth and corruption at all levels of our society, works for who now?

My job is to make the future better.  About to start animal trials on a cure for prostate cancer (which works even after metastasis).  That is my job.  I have quite a bit of spare time in my job, because the experiments run themselves after they are set up, and I don't even set them up, I just design them.  There are technicians for that work.  

We already made what amounts to a cavity vaccine (here: http://www.selectdefense.com/), and are pursuing numerous other projects for everything from antimicrobial medical devices to antimicrobial coatings for metals to antimicrobial drugs that can work in concert with conventional antibiotics to destroy the bacteria's ability to gain resistance (by targeting our drug to their antibiotic pump--either the pump is going to be there, or it isn't, so either our drug kills it, or the conventional antimicrobial does).

But hey, I guess it is easier to just divvy the world up into two classes--those who agree with you on every single thing, and paid shills.  Especially if you are a crazy person.

Wed, 05/11/2011 - 09:34 | 1262557 What does it al...
What does it all mean's picture

Tmosley, there is no such things as a perma bull market.  Silver will be rangebound for a while... stop telling people to only buy.  

Case in point 38 -> 49 -> 34 is a staggering 26 point move.  at current 37, it is like buying it at 11.  So there... It is about trading, especially in the last 5 weeks, NOT buy and hope!

 

 

Wed, 05/11/2011 - 11:33 | 1263270 TheBillMan
TheBillMan's picture

Uh, Sir.  Physical NEVER went to $34 an ounce.  The paper market certainly did, but the physical market has been trading at 10% to 20% over "spot" ever since the engineered takedown in the silver market.  Dumbasses only shot themselves in the foot since investors only used the dip in price as a buying opportunity.

Wed, 05/11/2011 - 18:28 | 1265539 Hephasteus
Hephasteus's picture

Michael didnt mean to say you. He simply comes in and puts a post up high with his own focused rant. He made a mistake and read the troll name wrong.

Tue, 05/10/2011 - 23:34 | 1261707 Fish Gone Bad
Fish Gone Bad's picture

Awhile ago I decided to put edible plants in various plots of open land to see how they did.  If things ever got really scary, then I would know where the mustards, potatoes, beets. and lettuces were planted.  So today was, "Lets see how the turnips-that-I-hated-to-eat-as-a-child" turned out.  They are not as disgusting as I remember, and the greens are edible as well.

Tue, 05/10/2011 - 23:47 | 1261734 buck4free
buck4free's picture

The Event Horizon is a physics term used to describe the boundary between two realms with discontinuous rules, so you can't look from one realm into another, but you can move from one realm into the other (that is, if you like being sucked into a black hole). In this case, it is the economic rules of monetary metals versus the economic rules of industrial metals, which prevent us from seeing the proper gold/silver ratio, and which explains why the market always seems to be searching for it. I believe that these two sets of rules are being "merged" in silver, but most of us can't see it coming. We live in a world of unstable digital fiat money, with 100's of trillions of unstable "dollar" derivative bombs out there, which are considered "investment vehicles" by very rich entities. Yet, at current silver prices of $12-13 an ounce, the market value of annual global silver production is only about 8 billion dollars. For a precious metal that is also indispensible to society, this kind of pricing is ridiculous. Since silver is literally more important than gold, yet gold retains the sentimental favorite crown, watch for the "optimum gold/silver ratio" to eventually come to its new resting place around 5:1, with the potential for parity.

Wed, 05/11/2011 - 00:05 | 1261790 Slartebartfast
Slartebartfast's picture

BTFD Baby!  I did.  Yippie Ki Yay Motha-F*c*er!!!!

Wed, 05/11/2011 - 09:57 | 1262676 DosZap
DosZap's picture

Settle down Roy!

Wed, 05/11/2011 - 03:39 | 1262001 uhb
uhb's picture

nope. the event horizon is a spaceship to hell ;)

Tue, 05/10/2011 - 23:04 | 1261606 tiger7905
tiger7905's picture

At least he could buy some, a friend of mine tried to buy some from his local Canadian bank up here in Toronto (one of the big 5) and was told they couldn't do it.

http://goldandsilverlinings.com/?p=947

Wed, 05/11/2011 - 02:28 | 1261964 Hephasteus
Hephasteus's picture

"My local roadside watermellon seller converted to "buying silver" 2 weeks ago.

This weekend?...Yep. Watermellons!"

First off you don't go to a local roadside watermellon stand.

Secondly watermellons aren't fucking ripe and don't sell at a local watermellon stand 2 weeks ago.

Thirdly You're the shittiest rhetoritician that ever fucking popped out of a smelly cunt that was concieved right next to a shit ball that attached to your mothers uterus after your dad fucked her in the ass and then blew his mental disorder sperm all in her smelly cunt.

Fourthly You're not a internet personality. You're a goddamn mental disorder. Part of a gang of sick fucking mental disorders too fucking stupid to realize that if you don't stop your goddamn persistant mental disordering you're going to get cunt punted to another goddamn galaxy.

So why don't you walk up to your commanding officer and ask him why the hell you're part of gang that is so fucking wrong that nobodies even going to pretend to give a shit about fixing you.

http://www.youtube.com/watch?v=kO6qrtSTkew

Wed, 05/11/2011 - 09:07 | 1262429 chumbawamba
chumbawamba's picture

Wow.  That is hate.

I am Chumbawamba.

Wed, 05/11/2011 - 09:57 | 1262702 DosZap
DosZap's picture

Sounds Personal.

Wed, 05/11/2011 - 18:36 | 1265567 Hephasteus
Hephasteus's picture

Yep this guy has to be CIA because he just created the most intense nuclear hatred In me I've ever experienced.

Tue, 05/10/2011 - 21:59 | 1261309 Temporis
Temporis's picture

You need to STFU Texas Gunslinger.

Where the fuck are my shit talking, poo throwing silver trolls... MATH MAN... WHAT-DOES-IT-ALL-MEAN... DANGERTIME.

WHERE ARE YOU BITCHZ!!!!

 

Silver to the moon.

Tue, 05/10/2011 - 22:26 | 1261440 Shock and Aweful
Shock and Aweful's picture

Those motherfuckers only show up to talk shit when silver gets its balls busted . . .so you may not hear anything from their cunt-mouths for a while....and that suits me just fine.

 

 

Tue, 05/10/2011 - 22:36 | 1261475 narapoiddyslexia
narapoiddyslexia's picture

And poof, gunslinger's comment is gone. A permanent "ignore" switch would be better.

Wed, 05/11/2011 - 01:13 | 1261884 Bringin It
Bringin It's picture

I think it should stay there with strike thru's, circled in red so everyone can see the comment being <figuratively> burned at the stake as an expression of sanction by the community.

Wed, 05/11/2011 - 09:26 | 1262531 What does it al...
What does it all mean's picture

1.  I am not a silver bull or bear necessary.  Definitely a bear at 45-49.  and ambivalent here, but definitely a bull < 25.

2.  I find you guys hilarious, a mere $2 pop, and you are declaring victory.  

Once again, ZH and these silver bugs scatter when it is down 4%, but gloat when it is up 2%.  (UPDATE:  it is now down again...)

Good luck to all.

Tue, 05/10/2011 - 22:47 | 1261532 Idiot Savant
Idiot Savant's picture

Ok, I'll bite. Don't get too far ahead of yourselves fellas. The FED/banks/CME have shown that they have plenty of tricks up their sleeves. If/when silver breaches $50.00, I'll be impressed. Until then, I'll take the counter argument and stay on the sidelines. Everyone here is so utterly convinced that QE3 is imminent, I can't help but be skeptical. While I believe we'll see QE3, 4, and 5, I think there will be some lag time in between, during which metals will be slaughtered.

Aside from miners, I've never heard of anyone getting rich by buying and holding au/ag. There are plenty of people that have lost a lot of money though. I suppose it's my contrary nature, but when everyone is so damned convinced that metals are going to the moon, it makes me nervous. I can't stand the herd mentality, as it usually ends badly.

I have a decent position in gold/silver, but I'm not going to add to it. There are too many wild cards to be presented over the summer. Good luck to everyone that's buying hand over fist though.

Tue, 05/10/2011 - 22:57 | 1261565 HoofHearted
HoofHearted's picture

I typically agree with what you're saying, but there aren't too many who are convinced that PMs will go to the moon. You see a fair number of contrarian thinkers around here, but try tuning in over at MarketWatch. Go see what CNBC is saying. You're being a contrarian to the contrarians, which puts you on the side of Jim Cramer and several others. God knows I don't want to be there.

I have a fairly large sized proportion in physical metals, plus some miners to boot. I did sell some silver and gold when silver was at 47-48 per and gold was up in the 1560s or so. I hope that the Bernank lets QE2 end without another trick up his sleeve and we see massive selling of anything of value. If silver goes back to the 25 range, I'm loading up the truck with all the fiat I have and also converting some of the short bets I have over to physical precious metals. I'm hoping we get the month of July (and maybe August) to see the good stuff on sale before the Bernank explodes the hell out of the USD for the last time. We'll see.

Tue, 05/10/2011 - 22:58 | 1261581 tmosley
tmosley's picture

Well said.  Zerohedge is not the street.  One should learn the difference between the two, it might just save your life (savings) one day.

Tue, 05/10/2011 - 23:33 | 1261696 rocker
rocker's picture

Tyler's on a roll today.......Dam, you got to love Zero Hedge for it's value content.  LMAO  Thanks ZH and Staff. 

Tue, 05/10/2011 - 23:39 | 1261715 tmosley
tmosley's picture

Indeed.  ZH is literally the best.  Anyone who hasn't should consider donating.  Running this place isn't free.

Wed, 05/11/2011 - 00:58 | 1261864 carbonmutant
carbonmutant's picture

Good Point!

Wed, 05/11/2011 - 05:42 | 1262089 hamurobby
hamurobby's picture

ZH made donating painless with paypal. It takes only a few seconds and it feels so gooooooood.

Wed, 05/11/2011 - 07:07 | 1262163 dussasr
dussasr's picture

Zerohedge wasn't the street a year ago.  With the large increase in traffic these comment boards, unfortunately, look more like the street every day.

Wed, 05/11/2011 - 07:49 | 1262223 magis00
magis00's picture

My informal polling says otherwise -- those who know what QE is, or have heard of zerohedge, are maybe 2-3 in 100 of those I know, and this is largely among semi-affluent 20-30yr olds in graduate school.

 

If they aren't eyes-open, my guess is "the street" is not represented by ZH.  Just sayin'.

Wed, 05/11/2011 - 01:14 | 1261886 Bringin It
Bringin It's picture

You're being a contrarian to the contrarians

I liked that.

Tue, 05/10/2011 - 22:56 | 1261582 traderjoe
traderjoe's picture

Just to be clear - the 'herd' in precious metals represents .01% of the population. Ask the average Joe/Jane on the street if they have any savings in silver or gold. I hope the price stays down long enough for more people to get aware and accumulate. But the herd is in fiat paper and not precious metals.

Tue, 05/10/2011 - 23:15 | 1261642 Manthong
Manthong's picture

Gas is going up in fiat price but silver goes up in price faster.

It seems to me that when the price of a tank of gas is equal to an ASE the herd will get in the game.

Stampede might describe their move in.   

Tue, 05/10/2011 - 23:35 | 1261704 rocker
rocker's picture

Precisely. They can have my stuff at a triple from here, maybe. I don't need to sell any of it.

   Hell, by then. We may have a new currency.  

Wed, 05/11/2011 - 10:05 | 1262738 DosZap
DosZap's picture

A tank of gas is EQUAL or more than an ASE..........

What do you drive?

Wed, 05/11/2011 - 00:05 | 1261791 Rocket-Man
Rocket-Man's picture

"But the herd is in fiat paper and not precious metals."

 

+$39/oz now to get out of the herd

Wed, 05/11/2011 - 06:18 | 1262112 Moe Howard
Moe Howard's picture

I have had three contacts at work about PMs.

1. I purchased 90% silver a guy inherited from his dead father.

2. A woman at work need my help about selling gold. I lent her my scale, and gave her a couple of web links to a calculator for PMs and Midwest Refineries, after explaining I have never sold gold.

3. Totally unrelated, another guy [manager in another area] I barely know contacted me, a mutual friend said I might know something about selling gold. I did the same as 2 above but no scale.

Nobody, and I mean nobody, has ever asked me how to purchase silver or gold. Does that sum up the general population? I think so. If they save at all, it is a 401k or IRA. I think after 2007-08, they don't save at all.

Tue, 05/10/2011 - 22:57 | 1261591 Ahmeexnal
Ahmeexnal's picture

No, Spain did not get rich by raping and plundering it's new world colonies of au/ag.

Neither did Belgium from it's colonies in Africa. Neither did XXXX from it's colonies in YYYY.

Yep, they actually lost money like you brilliantly conclude.

 

/sark ozy

 

Tue, 05/10/2011 - 23:11 | 1261634 Idiot Savant
Idiot Savant's picture

Sorry, I thought I was very clear when I used the word "buy". Yes, plenty of people/countries have gotten rich by stealing, raping, pillaging, and digging.

Again, I haven't heard of anyone getting rich by buying and holding. Buying and holding is just a hedge against inflation. However, current buyers seem to think they're going to get rich.

Tue, 05/10/2011 - 23:25 | 1261672 buck4free
buck4free's picture

It's all relative isn't it? 'Rich'?

Ask someone thats lived through a hyperinflation what 'rich' is...

Its preserving any connection to 'real' wealth, while everything deriviative gets obliterated.

Tue, 05/10/2011 - 23:46 | 1261745 e_goldstein
e_goldstein's picture

A good rule to remember. Wealth is tangible, riches are paper.

Tue, 05/10/2011 - 23:26 | 1261682 nope-1004
nope-1004's picture

Maybe google Eric Sprott or James Dines.  Just a suggestion.

Also, many buyers are watching the Comex publish false inventory numbers, post fake audit reports, and throw unbacked paper into a market where physical is being gobbled up by 20% of the global population.  A default is a certainty.... just don't know when.

The current buyers are the future, and the future is China, purely based on population momentum.  I don't know if I'll get rich from PM's, but I do know that I'd rather be running with the Chinese herd than the fat, lazy, American Idol crowd.

By the time you realize who got rich and who didn't, it's too late.  By then, your fiat is useless.

Wed, 05/11/2011 - 02:19 | 1261957 msamour
msamour's picture

Your country has a few thousand reasons that can easily explain why China is not exactly the future. These reasons could be heading their way at a very high velocity leaving nothing but ashes, and that's only the weapons we know about.

I have a feeling that the political elite in your country will not simply let the system crash and relinquish power to people on another continent that does not share their views.

Wed, 05/11/2011 - 05:11 | 1262069 Bob Sacamano
Bob Sacamano's picture

You put way too much faith in the "political elite" -- but you have not met the morons running our US federal government - top to bottom.

Wed, 05/11/2011 - 05:09 | 1262070 Al89
Al89's picture

Yup. Silver and Gold will be worth jack shit to the Chinese unless they have a military to back it up. Currently nothing can even come near to the combined US/Western armed forces. All this crisis probably heralds is the U.S. dropping all pretensions to being a 'freedom loving republic' and just openly assuming the role of Empire. 

Tue, 05/10/2011 - 23:34 | 1261708 Mysteron
Mysteron's picture

Perhaps not get rich, but get rich relative to many others who don't own PMs.

Many here are buying and holding PMs as protection against ongoing currency devaluation and as a store of value that they control.

Plenty of times in history when this has been a wise move, it's just been off most people's radar screens in the last 30 years.

Tue, 05/10/2011 - 23:42 | 1261730 rocker
rocker's picture

Great thought.  One year ago I showed many season ticket holders at a hockey game the Olympic Canadian Silver $5 dollar face value coin with a hockey face off on one side.  I told several fans who knew me they could have "one" if interested under $25.00 bucks then.  Just under my cost.  Not one taker. Think about it. Season ticket holders. Unique Olympic coin at near my cost. These people have money and not one taker. This year, one guy asked me about it. I said yeah, I still have them. But it cost you $50 now.  Enough said. 

Wed, 05/11/2011 - 00:49 | 1261841 traderjoe
traderjoe's picture

I believe that silver should be the money of the people. And while owning precious metals involves some secrecy, I think it's important that we silver bugs act as the ambassadors of silver. To educate our fellow sovereigns-to-be. CD had a nice piece on this.

Here's my challenge to my colleagues so inclined. Try to tip as many waitstaff as possible in junk silver. Quarters halves and dimes. Leave a little extra for them if they choose the silver over the fiat. Let them choose. Explain that a 1964 quarter could buy a gallon of gas and now it buys almost two. Spread the love of silver...

Wed, 05/11/2011 - 01:28 | 1261906 baby_BLYTHE
baby_BLYTHE's picture

+ + + +

Wed, 05/11/2011 - 02:17 | 1261955 DoChenRollingBearing
DoChenRollingBearing's picture

.

.

I was in Cozumel (Mexico, off a cruise ship) recently.  I bought some trinkets, and in the change they gave me was a 1964 quarter, worth some some $8 - $9!!!

Whatever disagreements ZH-ers have re PMs, we will likely be winners if/when the SHTF...

Prepare and repent!  Diversify and stay agile!

---

I still prefer gold, but we would be arguing over minor technicalities now...

Wed, 05/11/2011 - 09:27 | 1262536 knowless
knowless's picture

great idea, i'de try to use mercury dimes, or other patterns that wouldn't be confused for fiat..

 

Tue, 05/10/2011 - 23:44 | 1261725 dark pools of soros
dark pools of soros's picture

you assume too much..  most people here understand holding PM's keeps you from going broke more than 'get rich'.   And anyway, if your fellow fool neighbors are paying 4 times to heat their home with oil and all a silver bug does is dust off some oz he bought at $17 then yes, he is rich compared to the guy who didn't

There are no lottery tickets here, just lifeboats.

Wed, 05/11/2011 - 00:41 | 1261834 MilleniumJane
MilleniumJane's picture

+1

Wed, 05/11/2011 - 01:24 | 1261900 Stormdancer
Stormdancer's picture

I see it as a very sturdy lifeboat with a lottery ticket taped to the bow :) 

Wed, 05/11/2011 - 02:23 | 1261958 Smu the Wonderhorse
Smu the Wonderhorse's picture

Hear, hear.

Wed, 05/11/2011 - 05:28 | 1262081 writingsonthewall
writingsonthewall's picture

+1

All my gold and silver 'investment' is in physical - small pieces (coins and small bars) for trading - not for speculation.

This is the difference between a bubble and a collapse of FIAT currency. In a bubble I would be leveraged and prepared to sell - at this moment in time I am neither.

I am not alone - the silver troll poo throwers need to learn this and fast. This activity has never been seen before on such a scale and it shows a shift in mindsets.

I don't see any adverts on telly offering to sell gold or silver - they're all about buying - and in the last 37 years - through 2 recessions - I have never seen such adverts.

When the sheepeople work it out that's when the PM's will go parabolic - until then this is merely the early birds bagging a seat near the front.

Wed, 05/11/2011 - 00:57 | 1261854 ElvisDog
ElvisDog's picture

Ever heard of Richard Russell? He's had an advisory letter since 1958. He advocated in his newsletter loading up on silver in the early 2000's when it was $5 an ounce and he told people to hold on to it. He wouldn't say how much, but he did say he invested a good chunk of his own money it. He made millions off that trade.

Wed, 05/11/2011 - 01:13 | 1261877 Creepy Lurker
Creepy Lurker's picture

Savant, I have no way of knowing your age, but I can tell you that I remember the '70's. There were people who bought gold under $100 and hung on into the $700's and then paid off thier house. Is that "rich?" Like Buckt says, depends on your perspective.

Personally, I don't want or need a yacht. But a paid-off house and no debt would be a nice way to live.

Wed, 05/11/2011 - 06:45 | 1262137 Moe Howard
Moe Howard's picture

1. A paid off house is great. Lovin' it since 2003, purchased in 1996 with 20% down & 15 year credit union loan. Paid off in 7 years. People across the street, purchased the same month. Same general income and family circumstances [they have 2 kids, we had 3]. They have a 30 year mortgage and I hear they took out a second a few years ago. Two ways of living. I prefer mine.

2. Totally debt free since about the start of 2008. No mortgage, no car payments, no revolving credit balance, of any kind. Purchases charged are paid that night or the next day. Taxes, car & homeowners insurance, I pay all in cash fully, annually. Wife wants to take off work and go visit her mom in Europe for a month? No problem, my treat. I have never felt so free in my life, and I was never a big 'debt' person. Any debt feels like a burden to me.

3. I figured out that TPTB would inflate the shit out of the FRN back during the crash, I looked for a way to protect any savings I had from that. After much investigation, I realized the only way to hide the money from taxation through inflation was holding physical gold and silver. So I started buying modestly instead of contributing to IRAs. I also started using my traditional IRA to hold a PM mutual fund, it doubled in 14 months. I have since moved it to an oil based fund. If I lose it, so what. I considered it lost in 2007, it's monopoly money to me now.

I also started a ROTH IRA brokerage account, it is my form of online gambling. If I make money, fine, but I fully expect to be robbed. So far I am ahead. I will remove the initial 'seed money' once I have doubled, if that happens.

Get debt free as soon as possible. You will love the freedom. All it takes is to stop pulling personal 'demand' forward. Make a game of it, that's what I did. Every time a nickel came in I looked to pay it against a debt. Before I knew it, I was free. Good luck to you.

Wed, 05/11/2011 - 01:44 | 1261921 Transcendental_...
Transcendental_Pathetic's picture

I think you have it backwards.  Possibly no one with a stack of paper is rich, no matter how high their stack is.  Fiat and pm's are competing currencies.  The question we have to ask ourselves is would we rather store our wealth in paper, real estate, pm's, or something else?  This is basic economics. Would you feel better about possessing a green embossed piece of paper, or something physical?

Wed, 05/11/2011 - 04:30 | 1262039 doggings
doggings's picture

Again, I haven't heard of anyone getting rich by buying and holding. Buying and holding is just a hedge against inflation.

straight buying and holding, possibly not so often.  if youre prepared to just follow the 9 month moving average and buy sell at the right times you can do pretty well.

http://buygoldsilver.org/2009/11/when-buy-sell-gold-maximum-profit/

 

Tue, 05/10/2011 - 23:33 | 1261702 trav7777
trav7777's picture

Raping and plundering?  WTF?

By what, MINING the gold out of the land that to the natives had no purpose other than to stand on?

Just like the oil had no utility whatsoever to the fuckin sand monkeys.  The natives of this continent were using the land to piss on and nothing more.  It wasn't "theirs," it belongs to nobody.

Stop thinking shit was STOLEN because it was taken BY somebody to whom it had value out from deep under the feet of someone to whom it had NO value.

Tue, 05/10/2011 - 23:44 | 1261736 dark pools of soros
dark pools of soros's picture

so does that justify graverobbing too?...   ah nevermind

Wed, 05/11/2011 - 00:25 | 1261816 Harlequin001
Harlequin001's picture

So are you saying that as long as I have a use for it and you don't, that is justification for taking it?

Wed, 05/11/2011 - 06:59 | 1262154 tmosley
tmosley's picture

The indians did not have property rights.  They attacked and killed each other and white settlers all the time.

When a group of people does not recognize property rights, they will eventually be destroyed, simply because they aggress against those that do.

Without the ability to own property, they were forced to live by their own people as less than men.  It is unfortunate, but it was also the final form of intrusive government.  Keep in mind that the people of North America were not always savages (ie people who did not recognize natural rights).  A mere two hundred years before the appearance of white settlers, there was a great culture that stretched across much of the Eastern US, known as the Mississippian culture.  Not much is known about them, but they had copperworks, and traded up and down the Mississippi, if not further (there have been claims of Viking coinage being found in Mississippian settlements, though I am not sure these are substantiated).

We don't know what caused their downfall, but it seems likely that it was the usual suspect--government got too large, collapsed, and the people, like their government that went before, failed to recognize natural rights, especially in those who were not within their own tribes, and we got the scene the whites came across.  Given a few hundred more years, it seems likely that they would have redeveloped their civilization.

But as it was, when the whites arrived, no-one owned the land, so the whites laid claim to it.  Understand that there is no such thing as collective possession.  Governments like to claim there is, but governments are thieves made large.  The initial white settlers, the pioneers, who carried with them the torch of common law against the darkness of collectivism, were HEROES.  It is sad that the Indians on the whole never recognized the problem, and to this day, most tribes remain under the grip of literal Communism, to the point that their economies are never able to develop while the Indians live near their tribal centers.

Also please understand that this is not the fault of individual Indians.  They are good people.  The problem is with their governments, who are tied up in a "tradition" of Communism that continues to hold them back, and keep their economies in shambles.  If the Indians had had some great philosophers, they might have resisted the "invasion" of the whites by realizing that they were correct in their recognition of natural rights, and formed their own cities and farms, etc, and built their own industrial base, which would have made them able to not only defend, but the mere presence of such structures would stop the whites from claiming ownership.

Wed, 05/11/2011 - 00:38 | 1261824 CrockettAlmanac.com
CrockettAlmanac.com's picture

Stop thinking shit was STOLEN because it was taken BY somebody to whom it had value out from deep under the feet of someone to whom it had NO value.

 

Your hide would make an excellent door mat. You fail to see that utility and therefore I would be completely justified in gutting you and tanning your carcass. I will value you as a fine place to wipe my feet.

Wed, 05/11/2011 - 10:06 | 1262760 Ahmeexnal
Ahmeexnal's picture

+++++

Wed, 05/11/2011 - 00:49 | 1261846 lindacrabapple
lindacrabapple's picture

I bet to you, a strip mall or McMansion represents an improvement on virgin land, a functioning ecosystem.

Idiot.

Wed, 05/11/2011 - 00:51 | 1261848 lindacrabapple
lindacrabapple's picture

I bet to you, a strip mall or McMansion represents an improvement on a functioning ecosystem.

Idiot.

Wed, 05/11/2011 - 01:39 | 1261913 nyse
nyse's picture

"The natives of this continent were using the land to piss on and nothing more" I'm still laughing. +1 Now,THIS is Comedy Points awarded.

Wed, 05/11/2011 - 02:00 | 1261935 old naughty
old naughty's picture

trav, tell that to the Canucks.

They for decades think they have all that resources, metal, timber, drinking water, heavy-water (for cooling nuclear power plant) and see anyone coming into the large land piece as trespassing thieves...

 

so, now teleprompter wants to re-negotiate the NAFTA and sign a deal to employ Canadian soldiers.  He is not that slowly, taking over Ottawa.

Hey, Canada has 19% of world's oil reserve, in the ground.

 

Wed, 05/11/2011 - 10:23 | 1262837 DosZap
DosZap's picture

There already is an  gov agreement between the Nucks and the US if any major civil disturbance breaks out, each countries militaries can cross over freely into each others countries.

And the telepromter had nada to do w/that.His gig, will be to make all three countries one.

With a single govt authority.Of course that was before the seeds of the apocalypse were planted, and watered, and put into full play.

 

Wed, 05/11/2011 - 18:10 | 1265472 jackinrichmond
jackinrichmond's picture

american soldiers in canada..  now thats funny !

Wed, 05/11/2011 - 02:09 | 1261950 Americant Expat
Americant Expat's picture

Yeah yeah, what's my productive oil doing under their useless land?

/sarc

Wed, 05/11/2011 - 03:45 | 1262007 WakeyWakey
WakeyWakey's picture

So if the natives used the land to piss on and nothing more where did they take a dump ?

Wed, 05/11/2011 - 06:47 | 1262140 Moe Howard
Moe Howard's picture

The river and streams, lakes. Ocean.

Wed, 05/11/2011 - 06:53 | 1262144 Husk-Erzulie
Husk-Erzulie's picture

One of your better junk magnets Trav.  Expertly crafted, a real work of art IMHO :-)

*low chuckling

Wed, 05/11/2011 - 16:18 | 1264796 Anglo in Abitibi
Anglo in Abitibi's picture

Trav,

WTF yourself! No value? All of the natives (who I agree were savages) were engaging in inter-tribal warfare just to piss on each other`s land or for the joy of killing? Some maybe, but all of them?

You`re usually such a sharp guy, this is just un-informed & illogical BS. How can there be conflict between groups over nothing of value? Hunting, fishing and trapping may seem like recreational activities compared to mining (sure is for me) but they clearly represented a store of value (meat & hides) to the natives worth engaging in combat over. So maybe we didn`t steal their gold, oil or whatever but yes their land was stolen. And now we Canadians are paying for it to the tune of over ten of billion per year. Feel free to come visit East Quebec North of the 49th Parallel (I`ve got a spare bedroom) and converse with the James Bay Cree about the distribution of historical hunting territories.

Many thanks for your peak oil comments they help me stay sane; but in this case you`re just wrong. 

Wed, 05/11/2011 - 16:19 | 1264798 Anglo in Abitibi
Anglo in Abitibi's picture

Double Post

Wed, 05/11/2011 - 00:24 | 1261812 Harlequin001
Harlequin001's picture

'No, Spain did not get rich by raping and plundering it's new world colonies of au/ag.'

Actually they didn't. When Spain successfully repatriated its Inca silver via the treasure fleets, the price of silver in Spain collapsed, and it never recovered.

The only country that ever got rich from empire was Britain and that was because they established a system of local commerce for profit through which the colonies could buy more British debt that the Brits could then use to buy more warships and troops...

There is no limit to the amount of someone els's collateral you can pledge for a loan to enable you to buy troops to go get it...

Fact is, you can have too much 'money'...

Wed, 05/11/2011 - 02:15 | 1261954 nyse
nyse's picture

How far we've come...

I am glad we have moved beyond this barbaric British-style imperialism. Not only is it almost rude, in a way, it's just sort of passé. So two-thousand-and-late, as it were. "Conquering," can you imagine?

I'm just proud to live during a time where we, as a race, have replaced this kind of brutality and desire to enslave our fellow man, with a deeply burning need to instead provide faceless oppressed peoples living under totalitarian regimes everywhere with the gift of liberty, democracy, free-market capitalism, blue jeans, McDonald's, iPads, layaway, infomercials, Lady Gaga, and abortion clinics. We dont do this so they will fly our flag on their land (how selfish), we do this because it is our duty to spread freedom. Go freedom.

Wed, 05/11/2011 - 03:39 | 1262002 XPolemic
XPolemic's picture

No, Spain did not get rich by raping and plundering it's new world colonies of au/ag.

Correct. The introduction of massive amounts of gold from the new world into the Spanish economy caused hyperinflation and near economic collapse. In fact, looking at the era of colonialism, plundering gold turned out to be a monumental failure, and trading silver for tea (and spices and porcelain), made England the richest and most powerful country in the world.

No precious metals based currency has every survived long term, just as no fiat currency has survived long term. The problem is not in the currency, it's in the people. Greed, theft and corruption are more powerful than any currency system yet conceived.


Wed, 05/11/2011 - 06:27 | 1262121 overmedicatedun...
overmedicatedundersexed's picture

"Greed, theft and corruption are more powerful than any currency system yet conceived." thanks xpol..that one sentence sums up the whole political and economic mess we are in..as the founders of the America said: " "the constitution cannot be kept by an immoral people."

with today's news posted here on ZH about the banks offer to payoff the crimes in the mortgage schemes for a penny (5 billion) and most on ZH posting they think this will be accepted what more proof of immoral and criminal rule do we need.. the constitution is dead.

SO I buy PM's to opt out of the criminal system not to become another Hunt or Rothschild.

I hope you all understand for many here this is not about the value of PM's it's about war with the corrupt banks and government.

Wed, 05/11/2011 - 06:33 | 1262125 i-dog
i-dog's picture

"trading silver for tea (and spices and porcelain)"

errrrrm ... a slight correction ... the British mainly traded opium for China's tea and porcelain (and silver)! And the Chinese rulers were not too happy about it, either!

Of course, not much has changed today.

Q: What is Afghanistan's main attraction to the Anglo-American invaders?

A: You guessed it: Opium [again].

Wed, 05/11/2011 - 07:54 | 1262232 XPolemic
XPolemic's picture

errrrrm ... a slight correction ... the British mainly traded opium for China's tea and porcelain (and silver)! And the Chinese rulers were not too happy about it, either!

Incorrect! But thank you for playing!

The Brits traded silver for tea for a long time before the Chancellor of the Exchequer complained that the British East India company was draining the BoE of silver. It was then that the traders introduced opium to Southern China, in exchange for .... you guessed it ... silver! Opium was never directly traded for tea (and other goods), only for silver.

When the Imperial Government seized a shipment of Opium on Canton docks and burned it (you can imagine the smell :) ), the British responded militarily in what is now known as the first Opium War.


Q: What is Afghanistan's main attraction to the Anglo-American invaders?

A: You guessed it: Opium [again].

Correct! In 1999 the ruling party of Afghanistan banned the growing of poppies. Unfortunately, revenue from poppies was funding ISI and other nasties in the region for the CIA, so the country had to be invaded to resume production :)

 

Wed, 05/11/2011 - 12:13 | 1263128 i-dog
i-dog's picture

Two more corrections:

China: The clipper ships plying between China and India transported tea one way and opium the other. The First Opium War was primarily to obtain Hong Kong as a British deepwater port for the opium traders, since Macau was unsafe for their ships during typhoon season. Elliot was pushed into starting it by Jardine, Swire and their mates ... but he was opposed to the opium trade and was transferred to Bermuda shortly thereafter.

Afghanistan: The Taliban first banned poppy growing in 1999, but TPTB got around that with bribes and black market ops (the 2000 crop hardly missed a beat). So, in 2000, the Taliban actually ripped the poppies up ... causing the 2001 crop to fall by 96%. Hence the invasion in October 2001 to get those poppies back in the ground again. The 2002 crop was already back to normal, under the careful stewardship of the Anglo-American invasion force, and has set new world records each year since.

The crop is worth over $400 BILLION a year to TPTB ... significantly more than simply funding a few heads in ISI and a few 'nasties' running around! The Afghan War had absolutely nothing to do with hunting for Al-CIAduh or Bin Laden.

http://news.bbc.co.uk/2/hi/6239734.stm

Wed, 05/11/2011 - 00:12 | 1261797 IH10
IH10's picture

I hope you're right.  I'd like to see some lag time between QE 2 and 3 so there is one last fire sale before the dollar is confetti.  That said, the engine is out of fuel and it can't run on vapor for long.  Don't hold your breath between 2 and 3.   

Wed, 05/11/2011 - 07:05 | 1262158 HEDGE313
HEDGE313's picture

If QE3 is not immediately set into place, the stock market will be the one who gets slaughtered, as the big players are gone. The FED MUST continue pumping 100s of millions daily into the markets, or they will crash. Call it what you will, QE3 comes in July or the market goes down the toilet. If they do continue the printing, then further devaluation and massive inflation. Stock Market crashing would drop metals intially, but they would rebound nicely, then take off. Further printing? Well, metals will always do well against a falling currency.

Aside from miners, you have never "heard" anyone make money in AU/AG? What do you think all the people that have been in metals for only 2 years have been doing? I was buying at $14, and today it is at $39+ - sounds like a little positive growth my friend. You need to turn up that hearing aid, if you havent heard people making money in PMs.

As far as the "herd" is concerned, that would not be metal owners, as there are less than 1% of us, even if you include all the pimps n hoes with their gold teeth/chains. So the "herd" is being led safely away from metals, and right into that stock market bubble that is about to pop in June.

Lastly, although past events are a good way of predicting future trends, we are in uncharted waters my hearing-impaired friend. Never before has this country been in the financial mess it finds itself in. Never before have we seen this type of unemployment with absolutely no hope of bringing it back. Never before have we had 45 million people "Eating Better Tonight" on the gov. Never before have we had suppressed interest rates to infinity, and never before has the entire world been swallowed up by the giant porn star, Debtty Fluffer. She has gulped the entire world down her throat with no hope of regurgitating.

If you are not a buyer at this price, I hope you have enough to live on. Good luck to you.

Tue, 05/10/2011 - 22:53 | 1261567 Sierra Hotel
Sierra Hotel's picture

I miss Dangertime too. He was sure right about shorting silver at 49.

Wed, 05/11/2011 - 02:11 | 1261943 eisley79
eisley79's picture

yah,

-like that time he said silver peaked and 50 wouldnt be seen again for a year after it dipped from 50,

-then retracted after four days of mocking as it went back to 49.50 and said silver was going to 50 or 60 'next week',

-then it 'collapsed',and he tried to claim he called it

-now we are into his predicted 6 weeks of the low thirties

 

man, pretending like you have investments when you dont, and contradicting your own calls, and getting both wrong, how does he do it...

 

well i know he is reading this (what up btch), I bought for the first time since february on friday morning before i went in to work at 9.  Hit the current dip bottom almost to the minute, and if it dips again, i'll btfd again. 

I see you dangertime, shaking that ass, shaking that ass.

Tue, 05/10/2011 - 22:54 | 1261575 Whalley World
Whalley World's picture

Top calling bozo's are there for a reson, to separate fools from their money.  This crowd seems too bright to fall for the Trolls

Tue, 05/10/2011 - 23:11 | 1261628 palmereldritch
palmereldritch's picture

Aaaaaand Texas Gunslinger is gone

Tue, 05/10/2011 - 21:58 | 1261315 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

My name is Texas Gunslinger, and I'm a blog troll.  Excuse me while I contemplate my existence...

 

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. . . . . . . . . . . . . . . . . . . . _\. . . . . ._,-%. . . ..`\

Tue, 05/10/2011 - 23:49 | 1261754 rocker
rocker's picture

LOL.    Poof,  gone.

Wed, 05/11/2011 - 02:03 | 1261942 old naughty
old naughty's picture

@concentrated po..

that looks like the Supreme Commander contemplating just before 6-6-1944.

Are you giving us a signal?

6-6 is less than a month away...

Tue, 05/10/2011 - 21:54 | 1261317 1100-TACTICAL-12
1100-TACTICAL-12's picture

You Sir, I challenge to a duel. My shotgun loaded with silver dimes, & yours loaded with your currency of choice ..

Tue, 05/10/2011 - 21:55 | 1261332 Rusty Shorts
Rusty Shorts's picture

Hello Bob  *BLAM*  Goodbye Bob, best dollar eighty i've ever spent.

Tue, 05/10/2011 - 21:59 | 1261350 dogbreath
dogbreath's picture

he won't succumb to an infected wound.

Tue, 05/10/2011 - 22:42 | 1261519 Mesquite
Mesquite's picture

Heh heh...

I remember that Peckinpah movie..

Those dimes sure made a mess, coming out the other side...

Tue, 05/10/2011 - 23:30 | 1261695 High Plains Drifter
High Plains Drifter's picture

i think valdez used dimes in his scattergun too.

Wed, 05/11/2011 - 04:12 | 1262027 Keri at Bankste...
Keri at Bankster Report's picture

Silver is oligodynamic.  It won't get infected. :)

Tue, 05/10/2011 - 22:15 | 1261397 Captain Benny
Captain Benny's picture

Dude you're supposed to use shot silver for those shells.  Dimes don't spread as evenly when they leave the barral.  Plus they'll scratch up your 870 pretty bad.  As APMEX says, shot is "not for investment" but it is an absolutely great self defense weapon.  Makes the perfect shells for vampire squid "doing god's work" and central bankers...

Also, if shit hits the fan, its great to throw a few ounces into your water purifier(s) ... keeps things cleaner.

Tue, 05/10/2011 - 21:52 | 1261320 breezer1
breezer1's picture

when despair sets in i want you to know that i won't shame you. i will treat you with all the respect of a young virgin meeting his first experience. 

pick up some beer and ky on your way ok and don't dillydally.

Tue, 05/10/2011 - 21:58 | 1261330 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

A year ago when I was visting a shop I would tell them what I thought.  They would roll there eyes and say, 'Yeah, right.' 

'No, no...'  I would smile, 'It is going to double by next fall, and double bi-anualy.  Silver is monie....' 

'Well, I hope so.'  Was their response.

Then one of them tried to talk me out of my theory because, 'Mining is so bad for the environment'.  That was the last time I brought it up.

Tue, 05/10/2011 - 22:10 | 1261379 Dr. No
Dr. No's picture

Don't you think if your coin dealer knew it was going to 50 bucks, he would be offering to buy your coins, rather than trying to sell you his? Does he sell cars too?

Wed, 05/11/2011 - 01:00 | 1261861 ElvisDog
ElvisDog's picture

Coin dealers make their money off the spread. They want as many transactions as possible.

Wed, 05/11/2011 - 02:11 | 1261948 old naughty
old naughty's picture

spread, spread...but then every other trades are ...these days...with leveraging, Even currency trades. Ten-baggers are for dreamers.

I have a dream...of au and ag.

 

 

Tue, 05/10/2011 - 22:12 | 1261389 InconvenientCou...
InconvenientCounterParty's picture

Don't bring a peashooter to a gunfight.

simply step aside.

caps lock activate! LOL! good one.

Tue, 05/10/2011 - 22:19 | 1261417 New Survivalist
New Survivalist's picture

You still hurt that no one takes you seriously? Man, you are a fucking head case.

Tue, 05/10/2011 - 22:25 | 1261448 piceridu
piceridu's picture

you're act is getting old

Tue, 05/10/2011 - 21:53 | 1261310 XenoFrog
XenoFrog's picture

I feel really bad for people who sold at 32$ on bad advice.

Tue, 05/10/2011 - 21:59 | 1261339 buzzsaw99
buzzsaw99's picture

I sold at $18. Pray 4 me.

Tue, 05/10/2011 - 22:03 | 1261353 XenoFrog
XenoFrog's picture

Dear God, protect and care for buzzsaw99, for he knows not what he does.

Tue, 05/10/2011 - 22:16 | 1261407 Rusty Shorts
Rusty Shorts's picture

Dear God, protect and care for silver bugs, for they know not the fucking shit storm that is coming, amen.

Tue, 05/10/2011 - 22:22 | 1261438 XenoFrog
XenoFrog's picture

Dear God, I will follow your word and provide help to those who stay in US dollars or think that the Government won't take their 401k when convenient.

Tue, 05/10/2011 - 22:40 | 1261494 cornedmutton
cornedmutton's picture

Speaking of which, I just gave myself a 6% raise today by ending contributions to my 401k.

Wed, 05/11/2011 - 00:33 | 1261828 Harlequin001
Harlequin001's picture

I have never, ever had a retirement fund...

Phew...

Wed, 05/11/2011 - 01:40 | 1261914 DoChenRollingBearing
DoChenRollingBearing's picture

I cashed in my IRA in late 2008.  Ate a lot of taxes and penalties, but the money is MINE, free and clear...

And a lot is in physical gold, held in 5 places...

Tue, 05/10/2011 - 22:30 | 1261459 piceridu
piceridu's picture

Dear God, Silver is $49.00 again, that's not rust in Rusty's shorts

Tue, 05/10/2011 - 23:07 | 1261616 traderjoe
traderjoe's picture

I don't think that is his point. When fiat collapses there will be a lot of pain. A real shitstorm. The giddiness of getting rich when silver truly decouples totally misses the point. At times, we all will wish again for these days. Be careful what you wish for...

Tue, 05/10/2011 - 23:36 | 1261714 Founders Keeper
Founders Keeper's picture

[The giddiness of getting rich when silver truly decouples totally misses the point. At times, we all will wish again for these days.]---traderjoe

Yes, I think that was Rusty's point.

If silver goes to $250+/oz, one may lament reviling the Lead Bugs.

 

Wed, 05/11/2011 - 00:19 | 1261810 IH10
IH10's picture

Good point.  It will be a depressing dichotomy.  I often think to myself the fuckwits that can't see what is happening have it coming, but then my very next thought is no one deserves the shit that is coming down the pipeline.  

Wed, 05/11/2011 - 00:58 | 1261857 traderjoe
traderjoe's picture

In my opinion, there are simply too many possible scenarios to predict what's going to happen next. I am at peace in my preparations and planning.

Personally I've watched too many youtubes with people acting like animals when they reach the breaking point to believe a true dictotomy is possible (with the PM haves and have nots). You might be rich in PM's but have to lay so low as to be inconspicuous.

Don't forget about building a community. Nothing more important then that...

Wed, 05/11/2011 - 06:57 | 1262149 Captain Planet
Captain Planet's picture

TraderJoe, I agree, that when all us silver bugs feel rich, we will be wishing for more peaceful times, wishing we could party like its 1999. But the reality is, on a long enough timeline....and for me, the crony capitalism that has driven billions into poverty needs to meet its end. yes, billions will suffer more. but on the other end of this tunnel, it will certainly not be new jersey!

to your last point...my community will own (be protecting) silver, a little gold, musical instruments, analog recording gear, ARs, AKs, lead, seeds, trees, water etc...

I think we'll make it, as long as we're not caught off guard (i.e. in the wrong place at the wrong time). To the future people!

Wed, 05/11/2011 - 05:04 | 1262063 cossack55
cossack55's picture

Yes, they deserve it. They have probably been voting in these pieces of shit in gubment or not voting and doing nothing about the situation. Actions/inactions have consequences. Pay the fucking price.

Wed, 05/11/2011 - 01:08 | 1261871 piceridu
piceridu's picture

point well taken...I do wish silver was still $.90 an oz., that might mean the end of fractional reserve banking, ponzi economics, crony capitalism and the day the rule of law returned to all sane men.

Tue, 05/10/2011 - 23:48 | 1261749 Stormdancer
Stormdancer's picture

Say 23 Ave' Maria's, light a candle and go my son....go and sell no more.

Tue, 05/10/2011 - 22:25 | 1261426 1100-TACTICAL-12
1100-TACTICAL-12's picture

Ben prints, and can not stop without an absolute crash, shit you need goes up. Mississippi river floods farmland, grain goes up. Texas is in a drought & on fire ribeye goes up. no drilling in the gulf oil goes up. People pulling their heads out of their asses silver & gold go up. It seems pretty simple to me..

Wed, 05/11/2011 - 05:03 | 1262064 cossack55
cossack55's picture

Well stated.

Tue, 05/10/2011 - 22:57 | 1261588 bigelkhorn
bigelkhorn's picture

Most dangerous thing right now is listen to the bears. They will lose you money for sure. 

That guy from FFT is oz is good, I been following him for a while and he called the market crash in 2008. 

I belong to his membership site, its awesome and has live videos and everything to follow along. 

Makes it easy to take money from the market even if you are a newbie!. 

His new monthly trading club is opening tomorrow, and over at :-

http://www.forecastfortomorrow.com/Trading-Club

Tue, 05/10/2011 - 23:03 | 1261599 Ahmeexnal
Ahmeexnal's picture

Build a shrine to the guy.

He's evidently the second coming of Jesus fuckin Christ to you.

Tue, 05/10/2011 - 23:06 | 1261623 traderjoe
traderjoe's picture

Spam!

Wed, 05/11/2011 - 04:21 | 1262030 Keri at Bankste...
Keri at Bankster Report's picture

Same spam post again.  Junkerooed. (Not you, traderjoe, the other guy)

Wed, 05/11/2011 - 05:39 | 1262087 Weisbrot
Weisbrot's picture

I prefer mine quilted and in 2 ply. Its not there yet but the right set of staged events, 2016 ish, or sometime before then.

Wed, 05/11/2011 - 08:28 | 1262321 eurusdog
eurusdog's picture

Of course that mini chart that was posted with the article, to make the "run" look more impressive, is already completely retaced, and we are back to 37.70 now, the bottom of that chart.

Tue, 05/10/2011 - 21:32 | 1261235 Missing_Link
Missing_Link's picture

Weird, SLV is lagging way behind this.  I WONDER WHY.

Tue, 05/10/2011 - 21:35 | 1261257 Hephasteus
Hephasteus's picture

Maybe their opc sever got hacked and it's stuck saying pc load letter.

Wed, 05/11/2011 - 02:18 | 1261956 eisley79
eisley79's picture

PC LOADLETTER???

 

WTF does that mean!

Tue, 05/10/2011 - 21:40 | 1261270 Firing Pin
Firing Pin's picture

Because the vault is filled with hershey bars?

Tue, 05/10/2011 - 22:00 | 1261345 MissCellany
MissCellany's picture

Because you CAN eat those! ;^)

Wed, 05/11/2011 - 03:47 | 1262010 XPolemic
XPolemic's picture

How much does it cost to dig a Hershey Bar out of the ground though!

Wed, 05/11/2011 - 05:40 | 1262091 Weisbrot
Weisbrot's picture

are those the titanium core hershey bars with the gold foil wrappers, endorsed by the president BJ Lewinsky?

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