Most Overhyped Black Friday In History A Dud? ShopperTrak Reports Just 0.3% Increase In Black Friday Sales Over 2009, Drop In Real Terms

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Sat, 11/27/2010 - 20:00 | 758068 doolittlegeorge
doolittlegeorge's picture

Let's see..."My name is Seoul and I'm only 30 miles from...

Sat, 11/27/2010 - 20:03 | 758071 Blaise Pascal
Blaise Pascal's picture

Very disappointing, but unsurprising.

And this is as short a Christmas-shopping season as you can have.  Only three more full weekends before Christmas.

Fasten belts.

Sat, 11/27/2010 - 23:59 | 758355 midtowng
midtowng's picture

They hype each and every Black Friday weekend.

 The last couple years the first reports were about how retail buying was waaayyy up. Then a couple weeks later the news comes out that retail buying was actually down.

It happens every year.

Sun, 11/28/2010 - 08:37 | 758576 johngaltfla
johngaltfla's picture

This story helps to explain the after hours dump on Friday. Think about it. By noon the first reports available to insiders from Amex, Visa, and MC are available.

Sat, 11/27/2010 - 20:09 | 758076 DoChenRollingBearing
DoChenRollingBearing's picture

I'm going to give some 1/10th oz Gold Eagles to some of my nephews and nieces.

Sorry, Macy's.

Sat, 11/27/2010 - 20:12 | 758082 traderjoe
traderjoe's picture

Silver Maples for me. F*ck the banks and the b*llshit corporate/consumerism holiday created to sell more iCrap.

Sat, 11/27/2010 - 20:57 | 758140 DoChenRollingBearing
DoChenRollingBearing's picture

We're spreading the concioussness, traderjoe, spreading the concioussness...

Sat, 11/27/2010 - 21:14 | 758160 Problem Is
Problem Is's picture

Pandemonium at Local Coin Dealer for Black Friday
As the doors opened at 6am, silver buyers stampeded the counter to snap up inventory...

Black Friday silver sales are expected to hit a record kicking off this holiday season...

Back to you bitchez in the CNBC studio...

Sun, 11/28/2010 - 00:36 | 758393 Dantzler
Dantzler's picture
Just as few days ago from Harvey's Organ: The usa mint revealed yesterday, a massive volume of sales so far this month equal to almost 3.8 million oz This is deadly to the bankers as the comex is not getting the silver it needs to satisfy long contracts. The USA produces around 40 million oz of silver per year out of the world's global production of 600 million-700 million oz. Silver is mainly produced as a bi-product as there are few purely silver producers. Demand for silver has been rising and at last count it is 900 million oz. Scrap silver and officially hidden China silver, balance the difference. The USA must use all of its domestic production in the minting of their silver eagle/silver commemoratives. If the mint continually has demand for 3.8 million oz this month,or 46 million oz for the year, then the USA must import silver from other sources to fulfill their needs.
Sun, 11/28/2010 - 13:26 | 758810 Problem Is
Problem Is's picture

Just think if Billy Mays was still around to sell Oxy-Silver coins on cable channel info-mercials...

Sun, 11/28/2010 - 00:45 | 758394 goldsaver
goldsaver's picture

Just picked up a hand full of these. Not a pot smoker personally (my drug of choice is Jameson), but as a libertarian I have a beef with drug laws.

Sun, 11/28/2010 - 04:40 | 758522 gratefultraveller
gratefultraveller's picture

You might have fallen for a scam there, I'm afraid. At .999 "fine" (point 999 fine) you probably bought something similar to a whisky with .80 (point 80) proof. A bullion coin would indicate 9999 "fine silver".

If you paid by PayPal, you might still manage to recover your money, should you want to do so.

Sun, 11/28/2010 - 11:29 | 758664 spdrdr
spdrdr's picture

I always thought that gold bullion coins were defined by 99.99% (0.9999) purity, and silver bullion coins were defined by 99.9% (0.999) purity.

Thanks for setting me straight on this.......


Sun, 11/28/2010 - 15:51 | 759163 goldsaver
goldsaver's picture

Looks like my maples, rings like my maples and feels like my maples. Happy with them since they are presents. Prefer .999 silver over FRNs.

Sun, 11/28/2010 - 11:54 | 758692 Sean7k
Sean7k's picture

.999 is a pure bullion coin and the Northwest Territorial Mint does excellent work as evidenced by their fine bars, coins and Panamerican bars and coins as well. As a private issue, it should have cost you 1 to 2 dollars over spot plus shipping. 

The .9999 designation is found on Maple leafs only for the most part with American eagles containing .997 silver and the rest in copper for example. Brittannias come in at .964 and command a huge charge over spot. 

You did just fine.

Mon, 11/29/2010 - 04:04 | 760477 gratefultraveller
gratefultraveller's picture

Sorry, my bad. I got thrown by several aspects of that coin/website - no mention of the word silver except in the "silver Sativa", no mention of the NW Mint, the fact that no physical address of the seller is indicated, the website is registered under a proxy, and last but not least confounded it with those ".100 mills" scams on the bay.

All the better if they are good, it's a beauty, and I wouldn't mind owning myself some in that case.

Sun, 11/28/2010 - 12:17 | 758715 Scoutster
Scoutster's picture

I'm buying silver bars for Christmas presents this year.

Sun, 11/28/2010 - 13:30 | 758829 velobabe
velobabe's picture

me 2 dochen.i told my sister to buy some silver coin and get JPMorgan in some trouble. wouldn't comment.

emailed her, that i was giving my nephew silver coin for his college graduation this december.  Pronto and out.

Sat, 11/27/2010 - 20:10 | 758078 Cleanclog
Cleanclog's picture

Except at Apple stores where frenzy continues.  I do think a good deal of on-line shopping is also happening and not necessarily caught yet.

Sat, 11/27/2010 - 20:11 | 758079 Atomizer
Atomizer's picture

I went to Costco yesterday morning. Filled out the pickup paperwork and proceeded to the check out by paying cash for their sale listed computer.

20 minutes later, I was told that they didn't have the computer in stock and was promptly refunded my money. This occurred at 9:00 AM EST. Costco was a ghost town during my transaction period.


Sat, 11/27/2010 - 20:27 | 758100 MountainHawk
MountainHawk's picture

I have a relative that works at Costco, they said it was pretty dead. Then again, Costco prob. doesn't offer black friday deals like the mall. Probably a better indicator near X-mas.

Sun, 11/28/2010 - 05:19 | 758532 The Rock
The Rock's picture

They don't have any BF deals... but if you went to Costco on Wednesday, it was a frickin zoo with all the people doing last minute pre-Thanksgiving shopping...

Sat, 11/27/2010 - 20:12 | 758081 MountainMan
MountainMan's picture

Ah, yes...the consumate shopper...they will go on shoping and charging until they have nothing left to give. The poor bastards, they are so far gone that I no longer feel much pity for them.

Sat, 11/27/2010 - 20:38 | 758118 Cleanclog
Cleanclog's picture

Unless they're "right".  What if more and more debt run up just doesn't get paid off?  It's what millions of Americans are doing with their mortgages and credit cards right now.  Consuming but not paying.  And I don't mean the unemployed.  Many employed people are now simply not paying the mortgage and using that money other ways - saving, or buying ipad.

Sun, 11/28/2010 - 04:16 | 758506 Oracle of Kypseli
Oracle of Kypseli's picture

This is happening indeed and is spreading. Trouble for banks and of course for all of us.

There will be a new wave of defaults of all sorts.

Brace yourselves. 

Sun, 11/28/2010 - 06:45 | 758545 A Nanny Moose
A Nanny Moose's picture

Mainlining any drug long enough, results in burnout, or can be terminal.

Sat, 11/27/2010 - 20:14 | 758085 CrashisOptimistic
CrashisOptimistic's picture

No.  If you read the actual article you'll see that online sales, though hyped, remain only 8-10% of total sales.  Online is up a lot, but it's a tiny proportion of sales.

It's not going to be a booming Christmas.  It's all lies.

Sat, 11/27/2010 - 20:22 | 758093 MeTarzanUjane
MeTarzanUjane's picture

"It's not going to be a booming Christmas."

Priced in gold Xmas will be excellent. I'm going to buy some eagles for my aunts sisters father, he lives in Covington KY
with his dog Doodle.

Sat, 11/27/2010 - 20:27 | 758103 tmosley
tmosley's picture

I'm afraid that goes in the wrong direction.  Priced in gold, Christmas sales this year will be utterly abysmal (though the purchasing power of those of us who own gold is going up--good for us!).  

Also, I don't think your grandfather and his dog appreciate your foolishness.  Obviously all they want is a currency that is being rapidly debased.  In fact, dollars aren't being debased fast enough.  I would suggest you pick up some Zimbabwe dollars if you really want to make him rich.

Sat, 11/27/2010 - 20:59 | 758151 MeTarzanUjane
MeTarzanUjane's picture


You bought gold at $500-$750/oz. Cash in now get USD's. Go to store, deflationary sales are all over. BUY ITEMS!

Take items and give them to whoever. They say thanks and smile, but secretly hate what you bought and promptly return to store. They get fiat and then call Kitco and BUY ITEMS!

Priced in gold XMAS was excellent, no?


Sun, 11/28/2010 - 02:18 | 758462 tmosley
tmosley's picture

Deflation in terms of gold is always more severe than in terms of fiat during deflationary periods.  I mean, come on, our economy has collapsed, but prices have barely budged as measured by the CPI.  Food is going up, while non-essentials are going down.

You say that gold is going to go back down, but you give no other reason than the handwaving argument of "deflation", when every period of deflation in the past has always exerted an UPWARD pressure on the purchasing price of gold.

Tarzan need present argument, or tmosley SMASH!  Maybe tmosley smash anyway, depending on quality and logical consistency.  Me no know.  Me just unfrozen caveman scientist.

Sun, 11/28/2010 - 08:49 | 758578 MeTarzanUjane
MeTarzanUjane's picture

Ok, I'll spell it out 4 u. Churn the gold. Spike the volume, spike the price. Churn the gold.

Sun, 11/28/2010 - 08:55 | 758579 Byte Me
Byte Me's picture

He lives with his dog's "doodle"?


Outstanding revelation!

Sun, 11/28/2010 - 13:32 | 758837 velobabe
velobabe's picture

as in YANKee?

Sat, 11/27/2010 - 20:16 | 758086 Sean7k
Sean7k's picture

17% unemployment is all you have to know. Online shopping is up to avoid taxation costs. Christmas will be like last year. There is no extra money for most people. 

Consumerism will not help us- only capital injections to industry to create products and thus employment. Production is additive, consumerism is subtractive.

Sat, 11/27/2010 - 21:06 | 758157 cossack55
cossack55's picture

Hey babe, its happenin'.  60 Billion from the Saudi boyz alone.  And those are all combat expendables.  Party like its '99.

Sat, 11/27/2010 - 23:58 | 758354 snowball777
snowball777's picture

Motherfucker, I've seen crackwhores with better marketing skillz than you.

What idiot corporation would be hiring into the second dip of the soon-to-be-called Greatest Depression?

Do you not see them selling 8000:1?!

What's 'additive' about products sitting in warehousing or on shelves?

Sun, 11/28/2010 - 00:18 | 758375 Sean7k
Sean7k's picture

Probably one that was capable of selling it's production. There are products being sold in the world. I guess you would prefer more consumerism with less production? That would help a lot. 

Malinvestment will be resolved, but business will go on.

Sat, 11/27/2010 - 20:20 | 758088 Oligarchs Gone Wild
Oligarchs Gone Wild's picture

At some point in the future we will look back on this insanity that hijacked a religion (no matter what your take on god is) in order to feed the oligarchs by using what is now almost 2 months of the year to make you seem "unholy" if you do not partake in consumer psychotic crowd behavoir that is BUY BUY BUY.  

Where's the study on what % of consumer debt is generated during this period?

It was the first week of November this year that local malls started putting up their Christmas mind hypnotizing propaganda.

Don't be that mommy and daddy who didn't stroke the kiddies egos on Christmas morning!

Oh yeah, don't forget that fucking $80K car with a fucking bow on it to surprise her Christmas morning, along with the $20K diamond ring for your wife, otherwise, well, you're just not good enough for her.


Sat, 11/27/2010 - 20:27 | 758101 MeTarzanUjane
MeTarzanUjane's picture

Priced in gold that $80K car is prolly 'round $5k or so. So it looks like you spend a fortune of fiats.

Now run and get you some gold son and she'll be slobbering on the knob till the raindeers come.

Sat, 11/27/2010 - 21:02 | 758154 ILikeBoats
ILikeBoats's picture

First post I have ever seen where someone named that part of their anatomy "raindeer" ...

Sat, 11/27/2010 - 21:56 | 758205 Duuude
Duuude's picture



Bellysnort !!!




Sat, 11/27/2010 - 20:32 | 758109 trav7777
trav7777's picture

yep.  If you don't show up with BLING and the kids aren't TOTALLY ECSTATIC just like the TV commercials, well then...YOU are a FAILURE.

I will buy the car for the guy who tells his wife deadpan, in response to "he's getting HER that car, why don't you get that for me," "maybe if you looked even vaguely as good as she does..."

Sun, 11/28/2010 - 14:01 | 758889 Problem Is
Problem Is's picture

"maybe if you looked even vaguely as good as she does..."

No sex or hot food for you until New Year... HoHo HO...

Sat, 11/27/2010 - 20:42 | 758125 blunderdog
blunderdog's picture

If you really want to help your kids' egos, don't buy gifts.  Get 'em jobs. 

(Maybe they'd even be able to move out of the basement again.)

Everyone hurries and stares past me,
Benefits are gone, as you can see.
I don't know just who to blame for this catastrophe,
But my one wish on Xmas Eve is as plain as it can be.

All I want for Xmas is a living wage, a living wage, a living wage,

It's been so long since I could say,
"Save time-off for holiday!"
With weekdays free, oh woe is me,
I wish I was commuting... (vroom vroom)

Sat, 11/27/2010 - 21:58 | 758211 Things that go bump
Things that go bump's picture

Oligarchs, it is thought that Christ was born in the spring.  Mithras is the god whose birth was celebrated on December 25th.  He was born in a cave, of a virgin coincidentally, or a rock, depending on what source you consult and was a favorite of the legions from around the 1st to the 4th centuries.  The winter soltice occurs around that date and was celebrated in many forms by the Celtic, Germanic, Gaulish, Scandinavian and Roman pagans of pre-Christian Europe.  In their wisdom, the good fathers of the early church found it preferable to incorporate and repurpose the pagan festivals of their converts.  Since people will have their parties no matter what the priests say.  Better to celebrate a mass and see that things don't get out of hand.  You can see a more recent incidence of that particular proclivity of the Catholic Church in Mexico's Day of the Dead, which started life as an Aztec festival, celebrated still, in a new incarnation under the auspices of the church.   Christmas is a secular celebration captured by religion for the past 1500 years or so.   

Sat, 11/27/2010 - 22:32 | 758259 grunk
grunk's picture

Merry Mithras.

Sat, 11/27/2010 - 23:05 | 758292 Jake3463
Jake3463's picture

Everything about the Holiday corresponds to Pagan Mythology.  Down to the damn tree you put in your house.

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