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But... But... It Was Supposed To Go To Zero
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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of course he has to say that on 60 minutes for the sheep who won't understand
1. you have just showed your ignorance.
2. why don't you explain the mechanics of QE, so i know you know what your talking about.
QE, or quantitative easing is when the Federal Reserve either directly or indirectly purchases US treasuries. It is in essence money printing.
agree. in the 60's (vietNam, Great Society) they called it "funding the debt".
it got goin good under johnson, who came in after kennedy was killed. there were some rough spots for jfk, too. '68: nixon; "71: off gold. the silver was taken out of the coins in 1965. now, we have silver coins, again, but you gotta buy them with green stamps. the copper came outa the pennies abt 30 years ago, and the zinc is too expensive. the nickel costs waay more than 5 cents to make.
mo money & mo momo. print print print.
this causes zeroHead psychosis.
silver, BiCHeZ!
What you dumb-dumbs don't realise is no new money is created from QE. What is a treasury? A less liquid claim against the govt. What is a dollar? A more liquid claim against the govt. QE is just an asset swap.(net of the swap is 0). No new financial assets. Think of it as swapping a savings account(treasury) for a checking account(reserve dollars). And if you think this creates inflation, you are wrong. If you ever take the time to learn reserve accounting, you will see that banks are never reserve restrained, as they can make loans whenever they want. Reserve balances do not affect the amount of loans made. This is because banks settle up there reserve accounts on a set day, so any loans made previously are settled at that time. After the fact. If you check your facts you will see that yes, the monetary base is growing, but M2 is growing at the same rate it was growing before QE ever started. This is because the money multiplier is dead.(because banks are not lending.) If you have a retort, please provide evidence.
you are a stoooopid stroll. this is not the site for you to try this disinfo, shitforbrains.
well, money, dollars are created when the debt is funded, or paid for with new money. if you wanna buy a 30-yr. bond, you gotta pay for it. if the FED? they create the dollars, for the Treasury.
i'm not talking about fractional reserve loans, inflation, velocity, or base; what is growing (M1) or not growing (M2). i am saying QE = print (create) money ($'s). that is the definition of QE.
you are simply begging the question, i think.
1) Treasury auctions notes; primary dealers purchase significant %. Treasury gets proceeds of auction.
2) FED creates $$$ to buy notes from PDs.
this is QE, those $$$ are created, new to the system.
if you need higher authority or evidence other than these facts, i think somebody else is using moses right now, but i'll see what i can do.
you write: What you dumb-dumbs don't realise is no new money is created from QE. What is a treasury? (my emphasis).
but, the Treas does not create the $$$. the FED does. if the FED were not involved, no new money wld be created. "old" money, already in the system, wld be given to the Treas. for the iou'z.
i don't disagree with what you say, here. QE doesn't nafta be some crazy demonic insane force.
see, this is your orig post: "Learn the mechanics of QE, there is no "money printing". Scare tactics."
but QE does create $$$s. the amount of debt that the US Treas needs for the goobermint's checks not to bounce is ^^^ right now. they borrow. the FED buys. the money to pay for carrying the debt will be be borrowed, later. again, and more for the goobermint.
this is a ponzi pyramid, and it is being nurtured by some really crazy fascist criminals who, believe it or not, sound exactly like you.
b-bye!
you are a stoooopid stroll. So if I have a treasury I cannot sell those for cash at any time? A treasury is the same as a dollar, just different time perspecitives. So those dollars are already there just less liquid. Dumb-Dumb.
The amount of govt liabilites is not changing.
Per Bernanke:
"“What the purchases do… is… if you think of the Fed’s balance sheet, when we buy securities, on the asset side of the balance sheet, we get the Treasury securities, or in the previous episode, mortgage-backed securities. On the liability side of the balance sheet, to balance that, we create reserves in the banking system. Now, what these reserves are is essentially deposits that commercial banks hold with the Fed, so sometimes you hear the Fed is printing money, that’s not really happening, the amount of cash in circulation is not changing. What’s happening is that banks are holding more and more reserves with the Fed. Now the question is what happens the economy starts to grow quickly and it’s time to pull back the monetary policy accommodation. There are several tools that we have”
http://www.youtube.com/watch?v=IcEkCUmo47A
If one part of government sells a bond and snother part of government buys it, then the former spends those new dollars yeah that is new money being created.
HEY, ZERO HEDGE. In the first line…G.D.? "There is no surer sign of decay in a country than to see the rites of religion held in contempt." -- Niccolo Machiavelli
Is Banzai worth your reputation?
I have been following this site for a couple of years, and I notice I am using G.D a lot more. Especiallialy after missing the GD captcha questions for the umteenth time. Maybe ZH is a bad infulence, or maybe Tyler is showing the frustration we all feel dealing with this corrupt market and system.
Thank you for your comment, GIANTKILR. It is important that we all try to do as well as we can.
George Washington's Letter of Instructions to the Captains of the Virginia Regiments (29 July 1759): “The General is sorry to be informed --, that the foolish and wicked practice of profane cursing and swearing, a vice heretofore little known in an American army, is growing into a fashion; -- he hopes the officers will, by example as well as influence, endeavor to check it, and that both they and the men will reflect that we can have little hope of the blessing of Heaven on our arms, if we insult it by impiety and folly; added to this, it is a vice so mean and low, without any temptation, that every man of sense and character detests and despises it.”
JR, you have no idea dude.
http://www.youtube.com/watch?v=t8Nf1MK7lts
So, Hollywood thinks the men who can use profanity and gutter language – the conversation crutches of the witless – make men who can kill for their country. Yes, an army needs discipline and strength of character. Does it need men who can shoot unarmed civilians in a thousand grimy villages, in a hundred former sovereign countries around the world and know the words any seventh grader can repeat?
Hollywood’s vision of how men are made – men who will kill – men who will kill without thinking – seems to be men a superpower can use to spread an empire ever wider so our ruling financial tyrants can pocket the proceeds and power -
Your example falls a little short, because what can Hollywood, almost the originator of character degradation, ever know about strength and discipline? It is, as S.J. Perelman summarizes: “a dreary industrial town controlled by hoodlums of enormous wealth, the ethical sense of a pack of jackals and taste so degraded that it befouled everything it touched.”
As was said by Willi Munzenberg, one of the designers of the Marxist cultural revolution to corrupt the West and all its values and made life impossible in order to impose the dictatorship of the proletariat: “We will make the West so corrupt that it stinks.”
this isn't hollywood, JR; this isn't 1759; and i regret to inform you that you are not george washington.
yes, tyler wrote that.
thank you for playing!
Did I really just read all that?
Slow day at zero hedge when I
am bored enough to read crap like that.
Political correctness is expression control
Expression control is thought control.
It's attempting to make people self monitor. So that you can conform them without actually having to appear or provide evidence that you are conforming them.
Religion attempts to exhalt something. That something is no better or worse but by the exhaltation it decends everything. And it attempts to displace blame through a strawman and use a strawman to control and manipulate.
Political correctness is intolerance. Socialism and Communism are throwbacks to the superstitions of primitive tribes. Never do they look for promise and progress for the rights of man or the freedom of the individual.
Rather they look to level and flatten it all back into the mud again.
As G.K. Chesterton said: “Socialism is…more dangerous than a pestilence, for in that at least the fittest would survive.”
The man who is intolerant of the views and values that other men hold sacred, who wants to “root up all the religion and civilization that made him and wash out all the common sense of ownership and honesty, would let his culture and his country be flattened out by savages from the ends of the earth.”
"rites of religion" eh?
-- you talking about the Crusades or the Inquisition? oh wait, you mean Alla akbra or something like that. Obviously Niccolo was a complete fucking moron.
Haha seriously. Maybe quote Stalin next.
2 minutes in the Index Librorum Prohibitorum!
Why do I get the feeling that this is just another plan to extract more "flesh" from the holders of silver? Drive the price down crushing allot of silver longs and shaking many out of the market. Than wait for those who think this is a rebound from a pullback to jump back in with both feet than than once the masses have loaded up again, drive it back down even further inflicting even more pain. It's fiendishly ingenious.
+0 FRN's LOL.
I'm not sure what part of this is causing pain, they sell and drive down prices, we buy cheap and the price goes up, so they sell and drive down prices, then... where's the pain?? They're big boys and may win in the end, who knows, but this time is a resounding defeat for them.
I feel kinda bad for TD, assuming he has to read the discussion drivel every time a PM thread is posted. Troll brigade, and the rest. Also, Turd seems to make a sound case for Ag double-bottom this week, then 50+. Are there good arguments for Ag NOT coming down slightly before going back to 40-ies?
At this point of the game, to be honest.... all those predictions about how PMs, especially silver, will behave "naturally", are pointless..... as i see it, overally, the game has been reduced to this:
- Does blythe intervene? Then price down.
- Does blythe not intervene? Then prices up.
Don't look at me.... i didn't turn it into something this stupid.
glad i was able to pick up 100 oz at a nice discount last week :D
(i know i am small potatoes)
Also, Jesus, Buddha, and Mohammed are having a scat lemon party while moses watches and jerks it. Seriously, this religious objections bullshit is more of a stain on credibility than saying "goddam", or "jesus faggotshitting tittyfuck" or whatever.
Edit: yay! my first junk, I feel like a real boy.
Nah, no big deal, somebody has been junking almost every post all day.
The wave of RushBots will be coming on line any day now.
$2.1897931618 is the total melt value for the 1942-1945 silver nickel on May 10, 2011.
So what time tomorrow do we expect a major downward push? Didn't like 88% of the paper change hands last week..........who owns it now, and do 'they' want that major downward push? All the weak hands were scared out already, no?
From my understanding, some of the ZedHeds(true) are calling for a possible small downward dip again in the next few days (as they try to shake out most recent dip buyers?) for a possible 2nd chance(like for me) to BTFD as i missed this recent FD.
Just providing the info from what i know and i stand corrected if this is off the target.
Fried(e)
the silver pumpmonkeys are saying BUY BUY BUY with everything every day
Silver getting bitchslapped right now.
+2 ppl above me who are http://www.youtube.com/watch?v=vFgXF0a_Yw4
please quote the ppl saying buy with everything every day....timestamps included, kthnxbai
Good God people don't you see? The fundamentals that took silver to 35 an ounce are the same ones that will take it to 60 or 100. When silver pulls back it's not because the funamentals have changed. It's not like the Fed suddenly realized that their intentional devaluation of the dollar was wrong and is now poised to change course. It doesn't matter what silver does or what gold does in the short term. These are just manipulations designed to prolong the inevitable. We don't buy silver to get rich. We buy silver to stay liquid. The term "paper chase" never had more meaning than now.
yeh and they have been doing the same stuff ever since they allowed americans to own gold and after they took silver out of our money.
Is that the all stinking eye on the back of that monopoly money?
Junk this if you can't wash the dollar smell off your hands after wiping with it.
Just goes to show, they can try to ignore the fundamentals, but they are powerless to change them.
A GSR of 38.81457 be intolerable.
Like that divorcee you see at the local bar every few weeks, I love this country for all the WRONG reasons.
Silver's back from vacation, and it's pissed about what eveyone's been saying about it.
Long and strong and ready to get the friction on!
speaking of divorce. i hear that the terminator is getting unhitched after 25 years of marriage to mrs shriver. she finally got tired of his antics especially after he was caught fooling around recently at the playboy mansion, on tape , i might add........so she will get half of all of the money he has made in the movies and a nice check every month for living expenses and of course the house and a nice car etc and child support.......arnold better get his 63 year old ass in shape ........ha ha ha ha ....a lot of things have changed since the 80's ......
cheaper, higher quality steroids?
If you take a closer look, then if anything in the recent week said "FUCK YOU!", then it was gold. Gold normally does not move that aggressively upwards... it recovered in no time and went up, when silver was still trying to stabilize.
Whatever they think they can do with silver, they will have a much harder time doing to gold, especially since some very big international players are strongly hedged in gold. Attacking gold drastically, would result in much more severe consequences, than attacking "the poor man's gold" aka silver.
Gold for stability. Silver for the high potential upwards.
So many still do not get it. This is not 1980, and this is not the Hunt brothers. What is wrong with some people. This is a whole new first class show. New stars, new script and great smiles. Obama promises to cut the deficit, Timmy would never bust our legal limit and The Bernank can stop this inflation in 15 minutes.
You guys want to keep your dollars, have at it. But why must you be like Govt. morons and knock those of us that have been buying gold, silver and PMs for years.
Just do not get the ugliness in some people. I lauded all the shorts for a great move last week when I took a 10 to 15% hit off of all time highs, good for you guys. Nothing wrong, markets move in two directions. But to put down what we believe in. Well, just goes to show what a sad lot you all are.
Long gold, silver, PMs, and yes, cash. Cash that is devalued every month. But not shorting this market and have not with gusto for over 18 months. Not yet. But...at some point.
Denial is a river in Egypt (with loops through all seven continents these days!). There are those that will fight against what rising prices in Ag/Au mean, until a crocodile surfaces and rips their face off.
Breaking sekrets; start up conglomerates GE and IBM making huge discoveries in the precious. Look for wondrous innovations coming down the pike as the highest and best use of the precious comes out a decade before it's extinction.
silver.. fork lift long
nov.2008
smoking bad stoggies
triple maduro ,ever since ....
to lazy to even buy the dips
bytches
beep
http://www.youtube.com/watch?v=aN6rjLcpBnI
Maybe somebody can answer this question. What happens if no QE3? And don't tell me that it's impossible. If there is no QE3, then everyone here (including me with my gold, though I am only 10-15% in) is going to lose their ass (esp. if you are overweight PMs and other commods).
Oh, and Jim Rogers is joining the short treasuries trade. That is not a pro-QE3 move.
I think its all BS, the multinationals will wither and the banks will have to sell something without qe3 . I say its just a scare tactic to get the debt ceiling raised.
the TBTF will always get their zirp.
..
What do you think that something is? Hint, it's not just stocks (begins with a C and ends with an S and is comprised of shiny things, things you eat and things you put in your car to make it move).
Maybe, but that stuff is actually storing/making money. I was thinking commercial real estate.
When you have to sell you sell luxury items first, necessities last.
sure with no qe3 everything will drop like its fall 2008
I like people that ask a question and then answer it themselves and tell people not to answer it any other way.
Without QE the historically feeble stock markets will start to tank and the sheelpe will feel like they are going poor again so something will give and it won't be PMs.
Apmex spot still rolling after hours, this only happens when the market is hot. over 39 and counting.
This is fun, and im not on my knees wunderdouche, im drinking beer cheering from the stands.
Bought on the dip when i could, unfortunately i had to wait to get paid in fiat, missed the 35 range. : (
meep meep
New Orleans - 1950
http://www.youtube.com/watch?v=1e9m0Xhm1RQ
good stuff
reminds me of this classic southern blues jam
no offense to muddy..
YouTube - The Jerk
whoever is keeping track of the posts with the junk button: please try the time stamps, ok? they are just as easy to "check" as you go back thru---just look for a time later than the one below.
thank you in advance for trying this, you shitforbrained fuking asswipe.
In your case, you can just assume that we're junking you on your merit. :)
ever notice that ben bernake looks exactly like 'count de money's' drag friend 'bernaise' from History of the World Part 1
http://www.supermotors.net/getfile/292512/original/history-of-the-world-...
Don't be so saucy, Bearnaise!
Best. Line. Ever.
The Fed will try a feint.
On behalf of his owner's banks. To give them a chance to get into commodities before they start their next upsurge.. the crooked CME, CBOT and CFTC will raise margins on gold n silver. More likely to hit Gold this time ( and thereby silver)
QE3 will be announced only when the Fed's owners have everything in place. Till then they will play a game to remove your wealth. Remember when there is a big drop in values- the only ones with money to buy are the Fed's owners.
What justification will they use for gold margins? The silver excuse was too much volatility but gold moves like an octegenarian with a walker going uphill.
As i see it, if they dare to attack gold strongly, all shit will break lose. Take into account that many big players treat gold as "first class value storage" and silver as second class. Not saying that they will not attempt this, but if they do, it will get very bloody.... not just for "PM bugs" but for a much wider audience.
Let them attack gold and watch all the CBs but the U.S. and EU buy it all...then everyone will find out how much there is after a forced proxy audit by war.
Getting Gold down is part of their game plan. Raising margins is no problem since they have access to any amount of cash. And the authorities are in their pockets. The fact that no action has ever been taken in spite of several complaints and several cases of manipulation being filed in the courts bears testimony to what you will witness shortly.
I am a gold/silver bull but i know the games these bastards are playing.
I will wait for the next drop to pick up more silver and gold.
1) The price was going up, and 2) it's not the stock market, therefore it's a bubble. Right...right?
http://www.youtube.com/watch?v=lxFOVtr9fbk
You know, trading paper for metal was an enlightening exp.
Never will i go back.
The silver i have will never be exchanged for paper.
Even if silver goes to insert $ amount here.
METAL MONEY! Let's see Ben print some metal so he can rob you of your silver.
You know, I hope silver and gold get a huge bonner. I don't care if the cheap days are over, I have a fair stash. Screw everyone who didn't see this coming.
I wanna see the bankers cry. Is that asking too much? Do you think they made others suffer? If yes, then i think they at least deserve to cry.
You wanna see a huge bonner?
http://tiny.cc/dbdpv
Anyone else up drinking right now, and want a laugh, you may or may not lick this.
http://vimeo.com/17487147
Interesting and creative... but mostly disturbing. I think I'll stick to the audio version of Aphex Twin as before.
1) Bernanke can print as many trillions as he wants to. Just as long as they're not in the form of currency.
2) What if Bernanke throws a big QE3 party, but he doesn't tell anybody?
My 'junk' fingers sure are getting strong lately. Click...click...oh, what's that...click...click....
Gravestone doji on the 1-hour spot chart right at you guessed it 38.2% retracement.
Fibonacci what a brilliant man.
I laugh when the trolls compare todays bull market to that of 1980. Do they really think that the Bernanke is going to raise interest rates like Vlocker did?
LMFAO!!
ZH is really a great place, it truly is.
Where else can you see such a diversity of opinion on PM ?
The problem as I see it is that the Bears get lost in with the trolls.
I for one would like to see some thoughtful bearish commentary,
because this I got millions biatch BS is puerile.
I want to know if there is an ignore button, it would save a lot of time
now back to dollar cost averaging
+ a buck three eighty
Some new calculation on a short term ( this and next week) silver moves between 40 and 30, very exact calculations...
http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&p=32374#p32372
A nice test case, this sharp silver mini-bubble and correction on a bull trend.
...hmmmm isn't 'bothsidesnow' a streisand tune?
joni mitchell, probably
May still happen, if TPTB do not capitulate, the destruction of the old order could manfiest itself with BoS refusal to take JPM paper, resulting in silver dropping below 10 before the shakeout fails and it shoots back up to 90 - all before the end of May.
By all means keep your physical but choose a price where you're happy to get rid of at least half of it - cash will still be king in the beginning of the new world order...
The shoe shine lad gave me a tip the other day... he said buy paper silver! ................
The shoe shine lad gave me a tip the other day... he said buy paper silver! ................
The shoe shine lad gave me a tip the other day... he said buy paper silver! ................
The dips get deeper and the truck gets heavier. Success is now measured in lbs, not oz. It's truely a wonderful thing.
Quote of the day: "I'm forklift long." I love it!
All news everywhere now is completely worthless and irrelevant except for ONE! Comet (falling angel) Elenin is coming Sept 27, 2011. Comet Elenin will be the mightiest of all the angels (comets). It will try to overpower God (the sun), fail, be banished, and literally fall to earth. This comet is the origin of all the old myths about the mightiest angel who fell from grace, banished, and fell to earth ... better known to everyone as Lucifer. This comet's vapor trail is saturated with dust and it will sweep and engulf the earth in October (the falling angel!). The massive vapor and dust tail will create enormous rainclouds for DAYS all over the world!! Water levels will rise EVERYWHERE! A biblical flood is coming in October! This is not a joke. This is not a test. SP-666 will be taken out before October! Bankster criminals, murderers and thieves (and all their ilk) have kept this “little” event secret for centuries within their stupid childish secret society cults. For nothing but pure greed and hatred for the rest of humanity, sheeple and markets have been lied to and manipulated for millennium so those greedy little devils ... "chosen people" can "inherit the earth" after this event. They are stealing and raping everyone now to accumulate every last ounce of gold (money) before October. Financial market schizophrenic meters are off the charts due to the planning for this event! Wake up world. Protect yourselves. Take appropriate positions, profit from those evil worshippers, survive, and take back some of that stolen bankster booty!
We cashed our IRA's in last year and bought a little farmhouse with some land. We took advantage of the teleprompter's real estate tax break and saved enough in last year's taxes to offset the 10 percent penalty on the early withdrawl. And now we are selling our other house tax-free and we will use the money to buy storable food, equipment, tools, more PM's and more farmland. We aren't looking to get rich, we are trying to have a stash of physical stuff that will have value and utility no matter what the markets do.
The fact that 'silver bugs' universally believe that they have the banks by the balls is pure comedy/ignorance. 500 comments of gloating all last night. Is it a coincidence silver being smashed as I type? I think not.
I ask, who are the suckers here?
Can't you guys see that all the people pumping silver have a vested financial interest in money going to the space? This is genocide.
When a financial asset goes parabolic, it often falls back to where the up move started. In order for the parabolic move to manifest, almost all investors need to pile in, driving the price ever higher. Once the last buyer is in, price breaks, everyone runs for the exits, and most of the players see most or all of their capital wiped out. One time bulls have no buying power left. This along with a change in market psychology, prices do not recover beyond a short covering bounce and one has to wait for a new generation of investors to come along to buy. This often takes decades.
But the move in silver so far seems a bit different to me. It seems to me that less than 5% of the population have been involved with the silver market. That 5% has been very committed. Yes, those investors have been hammered, but there is a huge number of investors that have been waiting for a dip to get in. Once we find a solid bottom, which we may have seen already, the price of silver can go to a new high fairly quickly. We are just above intermediate trend line support but below the 50-day moving average. I have written that a test of long-term trend line support and the 200-day moving average is a possibility, but I give this a low probability outcome. This is in the $25-$29/oz range. I believe it is low probability (but not out of the question) because if we are in a super bull market in PMs, then the market is not going to give investors a chance to buy at such a low price/risk level.
We know that QEII will continue till the end of June and that monetary policy operates with a lag. So the credit printing taking place now and in the past can fuel higher prices. With the economy slowing once again, QEIII is getting some print. Credit printing is the fuel for precious metals and it seems to me that there is plenty of fuel in the tank. When the remaining 95% of the investing public decides to buy some silver, prices can rise higher than one can imagine. The silver market is small fraction of the equity and debt markets, so it does not take much of an allocation to squeeze prices higher.
http://www.TheAngryGrapes.Com