More On The Silver Dive: "Massive Sell Orders" Coupled With Bolivian Nationalization Halt Combine For Perfect Weak Hand Shakeout Storm

Tyler Durden's picture

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RobotTrader's picture

Selloff is probably nothing.  ES only off about 2 points, Uncle Buck can't get a bid.

Probably a much needed setback for some base building, that's all.

 

Rahm's picture

I have stopped following all TA and EVERYTHING ELSE.  My signal to buy is when Meth Man comes back in posting.  That's when I know to go all in.  When he is MIA, then I might take some profits off the table.  That buy/sell formula cannot fail!  In other words, BTFD!

Upswaller's picture

Calling Meth Man a dip will get you nowhere.

TruthInSunshine's picture

Silver has been labeled an 'enemy of the state.'

The Bernank cried hysterically after gold & silver soared during the time he spoke on Wednesday, and it deeply impaired him.

Be prepared for the Whiskey Foxtrot Tango.

President Obama plans address to the nation

By Michael A. Memoli, Washington Bureau

May 1, 2011, 10:01 p.m.

President Obama will address the nation at 10:30 p.m. Eastern time Sunday, the White House said.

The announcement was abrupt, coming after the White House had declared a so-called lid, meaning no other news would be coming for the remainder of the day.

No word was given as to what the president would be addressing.

Michael's picture

Osama Bin Laden is dead. Big deal, the CIA employee boogeyman is dead. That's the reason for the market moving event.

Terminus C's picture

This is such bullshit.  It is doubtful that he is dead (not disagreeing that they are announcing his death).  More circus... disgusting.

Confuchius's picture

Anyone with an IQ in the single digits will believe washington's babbling. That just means all of osama / obama's voters will lap it up. Simply seeking a face saving way to exit Afghanistan.

Larry Darrell's picture

Now the real question....how bold are TPTB going to be with their next move???

9/11 destroyed all the Enron evidence so the US ponzi could advance.

Will they use May 4th (5+4=9, 2011 staying w/ the 9/11 theme) to blow up the Comex and "lose" all of that evidence??

Then, they can blame the "terrorists" for retaliating over bin Laden's death, and at the same time change the rules on silver ownership/taxes etc. in the name of "National Security"

Al Gorerhythm's picture

Show me an authentic "Death Certificate".

Anonymouse's picture

Market moved well before this hit the wires.  Someone got a leak and made a butt-load of money

tmosley's picture

More like LOST a buttload of money.  They moved the market way beyond where it ended up, and lost money doing so.

The only people really making money off of this are those who BTFD.

Sudden Debt's picture

I don't fully agree with you Michael.

I think this is a very beautiful day that this pig is killed by brave US troops.

I see this as a cheerfull day witch shows they never stopped looking.

I got tears in my eyes of joy when I heard the news that he was death.

 Sure there are conspiracy theories, but as long as not really proven, this shows the US isn't a power to be messed with.

My respect for the US troops is at a all time high right now.

MassDecep's picture

Raa Raa Raa, Hip Hip Hooray! I am so Happy!!! I wonder when they are going to give me my next Vaccination? Ohh, I need some Fluoridated water; my teeth are rotting so bad!! Ohh, I am so happy they got that Bad Man!!! OHHHHHH

Twindrives's picture

bin Laden, like Soetoro, was employed by the CIA. 

nope-1004's picture

Well, I didn't sell my silver.  If pushing around a paper market is the best they can do, then the writing is on the wall for these white collar criminals.

We've retraced some 50% already, so it truly is a weak hand if they pull out all the stops during low volume hours and can only move it down 5%.  Silver has incredible strength.

 

 

Bicycle Repairman's picture

I smell continued desperation.  The retrace has already started and will take all of 48 hours.

BTFD.

disabledvet's picture

is there a quality bid in US equities?  Are they "folllowing the surfer"?

carbonmutant's picture

Somebody's testing the strength of Silver...

Doña K's picture

As I predicted on Saturday the 23, see #1199534. This is a massive smackdown as the swan song of Bennie and co. If they do not succeed (in their mind) to stop or reverse Gold/Silver uptrend, they are toast.

I would wait one or two days after stabilization and then go in as big as I can physical.

  

disabledvet's picture

actually i'd keep my eyes on US equities.  quality bid there and "there's your stabilization fund."

SilverFish's picture

Why didn't you just say "The price of silver is down a little" Captain Obvious?

OrestesPenthilusQuintard's picture

I'm glad they're trying socialism down there.  It's been so successful in the past.

pesamystik's picture

Yeah, the socialist countries Norway, Denmark and Sweden have been real disasters...you fucking moron.

We have socialism here, socialism for the rich. So it really depends on what type you're talking about.

Ahmeexnal's picture

Highest suicide rate in the world. Among the lowest birthrate.
And that is not a disaster?
And BTW, the brand of socialism in those places is national socialism.

pesamystik's picture

Also happens to have the highest rates of happiness and highest standards of living. That paradox often exists. New York state is consistently ranked the lowest in terms of overall happiness but is ranked 45th for suicide rate. Meanwhile, states like Utah with an overall high level of happiness has one of the highest rates of suicide.

One of the explanations is that miserable people surrounded by those who are happy have their unhappiness magnified. In New York, everyone is miserable, so you always have that to fall back on.

pesamystik's picture

Furthermore, the U.S. birthrate for White Europeans is not much higher. White people allover the world are having fewer children. This has nothing to do with socialism. Countries with very high standards of living are having fewer children. Actually the Scandinavian countries have been faring much better than other European countries that could be considered less socialist then the Nordic ones.

sun tzu's picture

They have socialized healthcare but they certainly aren't fully socialist like Cuba or Venezuela, you dumbfuck. It's pathetic how you retarded communist dinosaurs keep pointing to the Nordic countries as successful examples of socialism. Try some real socialism like the USSR, Cuba, and North Korea. They are all failures. 

You think only the US bailed out bankers? What the fuck do you think Europe has been doing the past few years? Get a clue you stupid fucking prick

pesamystik's picture

Buddy, if you keep conflating communism with socialism, there is no point in debating with you. Also, regarding Greek from the poster below, that will hardly impact the Nordic countries. They have tons of money in rainy day funds and very healthy economies, unlike the U.S. which has been running trillion dollar deficits and one of the lowest ranked standards of living in the industrialized world.

sun tzu's picture

Hey shit-for-brains, socialism is the economic system, communism is the political system. Are you really that dense? The United States is a (semi)-capitalist country that is supposed to be a representative republic. Therefore, the economic system is capitalist and the political system is a republic. The USSR had a socialist economic system with a communist political system. Are parts of the US economy socialized? Yes, but it is still more capitalist for now. The same with the Nordic countries. They are more socialized than the US but they are still mainly capitalist. The government runs healthcare, education, and some retirement and welfare systems. The rest of the economy is capitalist.

Ahmeexnal's picture

Watch your illusionary "very high standard of living" about to crumble to dust: nordic countries are heavily exposed to greek debt.

You're about to get a voluntarily mandated haircut.  Have fun with when the riots start!

Norway will be lucky if they get 60 cents on the dollar. Their oilfund is about to become

a prime textbook example of stupid investments for students of economics worldwide.

d_senti's picture

Not to mention that their Muslim immigration problem is steadily getting worse. Cities like Malmo have skyrocketing rape numbers, etc., and it will only get worse. They import Muslims to support the socialist system and its lack of a decent birthrate, but they're a drain on the system instead, precipitating collapse. They're all screwed.

Socialism doesn't work; as a smart lady once said, sooner or later you run out of other people's money.

karlypants's picture

Nordic countries are not heavily exposed to Greek debt compared to France and Germany. Here's the breakdown.

http://www.nytimes.com/interactive/2010/05/02/weekinreview/02marsh.html

*only* $100bln exposure outside Britain/Ger/Fra which isn't going to crumble anything considering the nordic balance sheet.

tmosley's picture

Highest rate of happiness?  No, you are clearly thinking of Soviet Russia.  They were 100% happy, until the capitalist pigdogs came along and ruined their worker's paradise.

pesamystik's picture

You are one stupid mother fucker. The Economist (the ultimate "pro-capitalist" paper in the world) and OECD rate countries based on many factors, such as family life, economic well-being, job satisfaction, etc. They release a report every year. 

Here's the Economist from 2005

http://www.economist.com/media/pdf/quality_of_life.pdf

Those horrible "socialist" countries always come out on top. 

You are one of those fucking "GO USA, WE'RE NUMBER 1" fucking idiots. period.

sun tzu's picture

Those aren't socialist countries you stupid cocksucking piece of shit. They simply have socialized healthcare. Nearly everything else is still privatized. Have you ever heard of IKEA, Ericsson, Saab, Volvo, Electrolux? Those are the capitalists who fund the social programs in Sweden. Your mother must have shit you out on your head and forgot to flush.

pesamystik's picture

The U.S. have almost 50 million people on food stamps, and everyone here is screaming about how great our capitalist system works. We bailed out banks with trillions in tax payer dollars, and everyone keeps screaming how great capitalism here is. We lend out subsidies to the poor welfare queen corporations, who already pay virtually nothing in taxes through loopholes their lobbyists write into the tax code. Capitalism here is super!

We are simply debating semantics. I believe capitalism is healthy when it is not crony-capitalism, which is currently what the U.S. is based on. I believe that pure socialism, in which everything is nationalized, is not a good thing. However, I believe that in developing countries it is a good idea to keep certain key industries nationalized lest the banks from stronger economies go on a feeding frenzy. You saw this happen when the USSR collapsed. The oligarchs swooped in as all the assets became nationalized and bought all the resources the country had for pennies on the dollar. Countries such as Peru need to maintain a healthy balance of equity flowing in and protection from vultures, it's a tight-rope to walk, and always has been for these countries.

The truly correct term for the Nordic countries are social democracies, and yes, they are not truly socialist countries in the purest form.

Spalding_Smailes's picture

Did you get your schooling in the USA ? Do you live well because of the capitalist system that allows your company to make money and pay your commie ass ...

 

You should move to russia then you bum ... 

tmosley's picture

Funny how you think you can just use the label of capitalism associated with the US and think it is really capitalism.

Your thinking is so backward, I have trouble understanding how you can be real.

But then I remember that you are a driver, and therefore every word out of your mouth is a lie.  So it all makes sense.

sun tzu's picture

When was the last time a Scandinavian government nationalized a company or industry? Nokia, Ericsson, and many private businesses exist. It isn't your socialist workers paradise that you leftiest have wet dreams to, you fucking retard. That's Cuba and North Korea with their high standards of living. Maybe you should get your socialist ass over there and jerk off.

pesamystik's picture

Just because you have private industry does not mean you do not have socialism. The natural gas profits from Norway are heavily taxed and put into the coffers for the people and government. When I talk about socialism, I am talking about high taxes on the rich, and overall high tax rate used to provide a high degree of social services, such as universal healthcare, subsidized housing, a huge safety net, free maternity care, and a huge amount of vacation time.

If you asked anyone from one of those countries, and I am friends with a quite a few people from those countries, they would consider themselves to have a socialist government, and one they actually really like. 

Get my "socialist ass over there and jerk off," hahaha. Americans have been so brainwashed that they have an almost visceral gut reaction to anything containing the word "socialist" that they lose all logic. Cuba and North Korea are dictatorships based on COMMUNISM, stop trying to conflate the issue dickwad.

Ahmeexnal's picture

"HEAVILY TAXED".

There you go. Those stupid vikings where among the first to kneel and bow to the NWO.

Keep your paradise to yourself.

Ahmeexnal's picture

Your infinite display of ignorance has no match on ZH.

Those countries for which you profess a blind and sick idolatry are puppets of the NWO.

Your lack of historic memory shouldn't come as a surprise.

I bet you don't remember who Olof Palme was, and why he got blown off.

A few years back, the bubble was in the PIIGS.  The scandibubble is next.

But hey, it's all good now.  Just as it was all good in Ireland and Spain a few years ago.

And to add the last nail to your coffin....can you comprehend just how idiotic it is to proclaim socialism, while keeping the most backward of all feudal vestiges: royal families??

Then again, maybe you like being a happy serf.  

 

Sheeple are sheeple.

A is A.

Take your bib and go to sleep.