This page has been archived and commenting is disabled.

Ongoing Overnight Short Squeeze Takes Silver To Fresh 31 Year High

Tyler Durden's picture


Silver takes out $33.10, hitting a fresh 31 year high, as the relentless short squeeze leads to more body bags, and the only flight to safety currency is now the non-dilutable one (with gold on the verge of $1,400). Only $20 more to go until the all time Hunt Brother record is smashed - one/two more revolutions should do it; even better: hopefully the CME hikes margins next week: that would bring $40 silver 24 hours later. And on a more somber note, please join us for a moment of silence in remembrance of the great, the legendary, the soon to be departed Blythe Masters whose most recent zero margin, infinite PM short contraption has just sang its swan song.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 02/21/2011 - 01:01 | 980801 floydian slip
floydian slip's picture

There is an ad in the USA Today(Monday Feb. 21) for Westminster Mint selling SAE's at $32.95 the number listed is  1-800-301-3868.  Also says FREE SHIPPING! There is no fine print.  It is on page 7A.

you are welcome :)

Mon, 02/21/2011 - 01:16 | 980832 Dr. Gonzo
Dr. Gonzo's picture

Never shopped there but their website lists Silver American Eagles for $36.08

Mon, 02/21/2011 - 01:19 | 980843 floydian slip
floydian slip's picture

i saw that too

looks like they fucked up?


Mon, 02/21/2011 - 01:21 | 980853 The Third Man
The Third Man's picture

Yes, ad copy had to be into the publisher before the rocket took off.

Mon, 02/21/2011 - 01:58 | 980912 dick cheneys ghost
dick cheneys ghost's picture

Chomsky on the events in wisconsin

Mon, 02/21/2011 - 02:42 | 980967 jeff montanye
jeff montanye's picture

thanks; they are really two branches of the same party; both for the rich, just with slightly different shticks.

Mon, 02/21/2011 - 03:19 | 980997 strannick
strannick's picture


Ding Dong the witch is dead! Which old witch, this old witch, ding dong the wicked witch is dead.....

Mon, 02/21/2011 - 10:06 | 981363 Thomas
Thomas's picture

There is another side to unionization that might be mentioned. When you unionize you are also homogenizing. If, for example, you are talking coal miners, that homogenization already pretty much existed. If you homogenize a heterogeneous group--imagine you tried to unionize all artists, for example--then you introduce de facto price controls. Now here's the problem with graduate student unions: You cannot fathom how heterogeneous this pool is. If you provide one rate for all graduate students, for example, you will have a situation in which your institution cannot compete for students in the sciences because the rates are held down to levels the humanities can afford or you will bust the bank of the humanities trying to chase the rates of the sciences. So the devil is in the details: teaching assistant unions are OK. Graduate student unions, to the extent they try to homogenize the support across all disciplines, wreaks havoc. I should point out that, whereas Wisconsin has had these unions for many years, you can see evidence that it is hurting their competitiveness (not disastrously so) in the sciences.

I am ready for the junk! 

Mon, 02/21/2011 - 10:07 | 981368 Thomas
Thomas's picture

I can add, for example, that Wisconsin grad student stipends in the physical sciences are not keeping up with their non-unionized brethren at peer institutions.

Mon, 02/21/2011 - 19:03 | 983168 Lord Koos
Lord Koos's picture

Seems it wouldn't be that difficult to remedy that, simply create some categories, same as carpenters have "master", "journeyman", " apprentice" etc.

Mon, 02/21/2011 - 11:44 | 981627 Amish Hacker
Amish Hacker's picture

You can be sure that somewhere in the ad copy is something to the effect that, "Prices are subject to change without prior notice."

Mon, 02/21/2011 - 02:12 | 980931 takeaction
takeaction's picture

Have you seen the new video....

The Wicked Witch Is Nervous

Mon, 02/21/2011 - 02:28 | 980941 Good can defeat evil
Good can defeat evil's picture

Any chance of posting that ad for those of us too frugal to subscribe to USA Today.  I think the Mint's phones will be busy when they open at 9:00 am.

Mon, 02/21/2011 - 03:12 | 980995 floydian slip
floydian slip's picture


 I also am a dj there and will be doing a gold and silver music show this weekend ;)


Mon, 02/21/2011 - 01:02 | 980805 High Plains Drifter
High Plains Drifter's picture

Come on Blythe. Make my day.

Mon, 02/21/2011 - 01:16 | 980839 unununium
unununium's picture

Here Blythe, I'll sell you a little.  Hope that cover generates some alpha for ya.


Mon, 02/21/2011 - 01:23 | 980859 Michael
Michael's picture

Unless you require a brain freeze, just mute the volume button on the tick to tick reporters on CNBC. You can read the ticker much faster than the reporters can divulge the information out of their mouths.  The teleprompter readers on CNBC are incapable of giving you valuable information on the macro picture due to their low IQs.

Mon, 02/21/2011 - 01:55 | 980907 Hugh G Rection
Hugh G Rection's picture

Don't worry Blythe, that ass has another 5-10 years left on it, plenty of silver bugs willing to pay you in silver fractionals for some boom boom.

Silver at 40 by Friday. Crimex default eminent. Me so Horney!

Mon, 02/21/2011 - 02:47 | 980947 Michael
Michael's picture

CNBC mandate; Dismiss every shred of unpleasant news.

CNBC employees are highly trained in showing lack of emotional concern and maintaining only a mono tone and or positive tone in their voice.

Animal House - All Is Well!


Mon, 02/21/2011 - 04:59 | 981063 EscapeKey
EscapeKey's picture

Rick Santelli being the awesome exception.

Mon, 02/21/2011 - 06:40 | 981103 Oh regional Indian
Oh regional Indian's picture

Red herring I think. Santelli that is.

Manufactured opposition, lone shrill shill.


Mon, 02/21/2011 - 06:56 | 981111 Snidley Whipsnae
Snidley Whipsnae's picture

+++++ Few have figured it out, thank you.

Mon, 02/21/2011 - 08:39 | 981181 KickIce
KickIce's picture

I don't think so, he wins to many arguments.  Then again, look at his competition.  I also got the feeling he got read the riot act and is now holding back to some degree.

Mon, 02/21/2011 - 10:53 | 981484 Bendromeda Strain
Bendromeda Strain's picture

That's some strong tin foil. I highly doubt that RS would be giving extended interviews to obscure outlets like King World News if he wasn't genuine in his convictions.

Mon, 02/21/2011 - 07:58 | 981155 breezer1
breezer1's picture

i thought that i was the only one who got horny when i made a lot of money. 

Mon, 02/21/2011 - 08:59 | 981209 Arthor Bearing
Arthor Bearing's picture

No I think that's basically universal :D

Mon, 02/21/2011 - 01:03 | 980808 High Plains Drifter
High Plains Drifter's picture

I feel another hurried up meeting with congress is coming where Timmah says we need money or else there will be riots in the streets.

Mon, 02/21/2011 - 01:35 | 980881 savagegoose
savagegoose's picture

yeah , rioting merchant bankers  over no bonuses this year

Mon, 02/21/2011 - 08:26 | 981175 HoofHearted
HoofHearted's picture

I assume you saw the G-20 communique, though. So now we're to the point of either pissing off the people or pissing off the other countries. Rock, hard place. Hard place, meet rock.

Glad I bought a nice AR15 at the gun show this weekend. Didn't even consider it, but the owners would have been happy to be paid in...silver...but all in all, I'm glad I was able to have him swipe a little plastic card for it that only represents FRNs and not real money. And yes, I also got a couple of bricks of ammo.

Mon, 02/21/2011 - 01:06 | 980813 GoinFawr
GoinFawr's picture

GenX'er swan song,

"Time to loosen up (your) garments and let forth your hair" Blythe?

Hawh... Hawhh. Hawh...Hawhh.

Mon, 02/21/2011 - 01:09 | 980821 chumbawamba
chumbawamba's picture


Engelhard 100ozt bars are very nice indeed.

I am Chumbawamba.

Mon, 02/21/2011 - 01:19 | 980844 barliman
barliman's picture


Heavy and shiny! And selling at a premium to the newer brands last time I looked.


Mon, 02/21/2011 - 10:13 | 981391 chumbawamba
chumbawamba's picture

Not for me.  Less than a dollar per ozt over on the premium.  My dealer loves me.

I am Chumbawamba.

Mon, 02/21/2011 - 01:10 | 980822 Glasgow Gary
Glasgow Gary's picture

I'm watching Blyth's attempt to make a stand at 33.12 fall to a hungry pac-man, hitting the offer. Heh.


Mon, 02/21/2011 - 03:27 | 981005 StychoKiller
StychoKiller's picture

Print at 01:28 CST:  $33.35

Mon, 02/21/2011 - 01:11 | 980823 Seasmoke
Seasmoke's picture

awesome, i will be dreaming of the fall of Dimon !

Mon, 02/21/2011 - 01:11 | 980824 AndrewJackson
AndrewJackson's picture

I have no idea where silver is going to end up by the end of this next week, but is anyone else feeling an extra nasty drop in silver after the march/april contract roll on next Tuesday?

Mon, 02/21/2011 - 01:21 | 980851 Troll Magnet
Troll Magnet's picture

here's to hoping silver falls back to 28-29 range. 

i've been pounding my head all weekend for not BTFD.

Mon, 02/21/2011 - 02:05 | 980921 JLee2027
JLee2027's picture

If you're holding physical long term who cares? 

Mon, 02/21/2011 - 10:19 | 981412 chumbawamba
chumbawamba's picture


Shut up and just BMOTND (buy more on the next dip).

I am Chumbawamba.

Mon, 02/21/2011 - 02:48 | 980971 jeff montanye
jeff montanye's picture

i thought they crashed pms before expiration to minimize those in the money.  but i know very little about this and could easily be wrong.

Mon, 02/21/2011 - 05:17 | 981070 unky
unky's picture

they did so in the first half of 2010. i think options are not a problem, they can be settled with money which they can print. the futures are more of a problem, because they can stand for delivery (but they dont have the silver so they agree to receive 20% premium)

Mon, 02/21/2011 - 07:51 | 981149 Sudden Debt
Sudden Debt's picture

The june contracts are twice in size.

If the march delivery is above 12 million, we'll see 50/60 real soon.

And after that, contracts keep getting bigger and bigger. I've even had a wet dream last night when I checked it out that silver will be at 150 at the end of the year :)



Mon, 02/21/2011 - 01:12 | 980825 NOTW777
NOTW777's picture

we could get a quick run to 36-38 area; 32 will serve as good support

Mon, 02/21/2011 - 01:12 | 980828 LongSoupLine
LongSoupLine's picture

Can you picture the paper margin call avalanche Blythe is trying to swim upon right about now?

oh the sweet taste of justice.

Mon, 02/21/2011 - 02:13 | 980932 DoChenRollingBearing
DoChenRollingBearing's picture

Blythe, JPM and the COMEX can all sleep well tonight.  They will just hand out the paper (default on the physical) and .gov and .fed wil give them all the fiats they need.  So, no organizations will get busted.

Might be a physical shortage of gold and silver though...

Silver has indeed had an incredible run.  If they paper this over, a FOFOA event may come sooner than we think.

Mon, 02/21/2011 - 02:50 | 980974 jeff montanye
jeff montanye's picture

as the xtranormal movie said, they pay 20% premiums to the spot price to settle in cash not metal.  people notice something like that.  

Mon, 02/21/2011 - 08:01 | 981157 breezer1
breezer1's picture

harvey says that every $1 rise in silver costs the morgue $100 billion. does that sound right?

Mon, 02/21/2011 - 01:15 | 980831 truont
truont's picture

Silver is never up this much at night....

Could China be bidding up silver before Wynter_Benton gets a chance?

Mon, 02/21/2011 - 01:19 | 980834 Eternal Student
Eternal Student's picture

In case you missed it, Trader Dan has an excellent article on "What is a Commercial Signal Failure" up at:

h/t to the Silver Turd.

Mon, 02/21/2011 - 01:32 | 980873 flacon
flacon's picture

Just read it tonight. Great stuff! This week is going to be spectacular. 

Mon, 02/21/2011 - 01:59 | 980914 gwar5
gwar5's picture

Trader Dan is right that a short squeeze may set up a big price correction later.

I may use the opportunity to roll the silver over to more gold before a drop.


Mon, 02/21/2011 - 03:51 | 981025 Dooud
Dooud's picture

Gwar5:  At what price point do you try to sell?  I am thinking the same thing,

convert to gold during the blow off, then get more silver when it overcorrects

on the otherside.  The thing I am scared of is settling in FRN at any point. 

Safest thing would be to just stay long and hold (as per Wynter's last message).

But I think I might risk 10 or 20% to try and profit on the spike.

The 64K question is this, what is the sell point?


Mon, 02/21/2011 - 08:17 | 981169 SWRichmond
SWRichmond's picture

Do you want to be free, or do you want to be rich?

Mon, 02/21/2011 - 10:27 | 981433 chumbawamba
chumbawamba's picture

That is an incredibly poetic query.  I wonder how many will get it?

I am Chumbawamba.

Mon, 02/21/2011 - 02:33 | 980954 seek
seek's picture

Wow, thanks for the link, that's a great writeup on how rapidly this market could develop. Glad I bought at $15. And again at $17. And yet again at $22!

Mon, 02/21/2011 - 14:20 | 982211 mojine
mojine's picture

 "...Glad I bought at $15. And again at $17. And yet again at $22"


 And $10, $12, $17, $26, and even some more "junk" this AM at $33.60

Mon, 02/21/2011 - 01:16 | 980836 SlipStitchPass
SlipStitchPass's picture

I think we may be moving a bit beyond large moves on contract rolls and more towards no physical to be found anywhere.

Mon, 02/21/2011 - 01:18 | 980842 Troll Magnet
Troll Magnet's picture

what is everyone's realistic target price of silver?  i've heard anywhere from $50 to $10,000 and some of these numbers seem far-fetched to me (50 too low & 10K too high).

Mon, 02/21/2011 - 01:20 | 980847 floydian slip
floydian slip's picture

Wynter says thay are not selling anything until $80. Then only a little.



Mon, 02/21/2011 - 01:24 | 980858 Glasgow Gary
Glasgow Gary's picture

Dude, take it easy. You've got to think of this in terms of a multi-year war, where silver continually achieves certain price objectives and then gets pushed back before the next run higher. Don't try to eat this meal all at once. Look at the historical price levels in nominal terms. Then consider the real prices. So there is 40.00. And then there's 50.00. After 50.00, then it's on to the real price high around 130.00. But again, you've got to stay in the game to see these levels, outlive the brutal corrections, and stay alive for the subsequent assault.


Mon, 02/21/2011 - 01:31 | 980871 Troll Magnet
Troll Magnet's picture

pretty good investment advice. 

easier said than done however.  a brutal correction is a bitch!

Mon, 02/21/2011 - 02:01 | 980915 mberry8870
mberry8870's picture

It is not at all hard its called risk management. If you don't know what the potential draw downs are for the instrument you are trading don't.

Mon, 02/21/2011 - 01:35 | 980880 Dr. Gonzo
Dr. Gonzo's picture

My target price is $90 by January 2013. My qualifications are I read Turd and Harvey. That would be another tripple in 2 years. If my prediction comes to fruition I would like a big shout out from Turd on his website in 2 years. 

Mon, 02/21/2011 - 01:38 | 980889 Robot Traders Mom
Robot Traders Mom's picture

Ultimately, gold and silver will be valued based on what other tangible materials they can buy. $10k/oz for silver doesn't mean shit when a loaf of bread coast $1k. When you can buy land for a few ounces of silver or gold, then your reward is realized.

Put it this way, if you do it right you'll never sell your gold or silver for money. You'll trade it for buildings, land, etc.

Mon, 02/21/2011 - 02:11 | 980930 sterling effort
sterling effort's picture

+1. Price of pms expressed in fiat means nothing to me as I am no longer buying. I am fully long ag. It will be swapped for au when the ratio returns to 16 (ish). Au will be swapped for real assets in time. Fiat is not part of the equation.

Mon, 02/21/2011 - 05:10 | 981066 FreeMartinArmstrong
FreeMartinArmstrong's picture

you think someone wants to part with his gold at that time ? why would someone want silver over gold then ? the person you think you can buy gold with silver from could buy silver today for much better price, IF HE WANTED silver.

For buying there has to be a market, people tend to forget that ...

Mon, 02/21/2011 - 05:36 | 981080 sterling effort
sterling effort's picture

So let me understand you. Should the GSR hit 16, on the entire planet, nobody will want to buy silver and nobody will want to sell gold. If there is no demand (market) for silver, how did the GSR get to 16? Please explain.

Mon, 02/21/2011 - 06:44 | 981094 FreeMartinArmstrong
FreeMartinArmstrong's picture

I own both silver and gold. silver I will spend, gold I will keep.

I don't think the GSR will get to 16, but for argument, imagining it does, it could also be caused by gold being not for sale, or already too expensive, and people having to buy silver(poor mans gold) instead, which would then put extra pressure on the silver price upward. fiat has to go somewhere.

I will change opinion when central banks start putting big loads of silver on assetside of balancesheet. until then I see silver as very good investment, but I see gold as money still to be revaluated to the moon.

Mon, 02/21/2011 - 10:04 | 981360 SilverDOG
SilverDOG's picture

You may see a role reversal considering the projected extinction of the

element silver. 20,000 uses and demands silver fulfills, creates severe leverage.

Gold sits as it has, and as you intend. Such a role never lasts

forever. Silver may possibly regain the throne.

Mon, 02/21/2011 - 10:16 | 981397 FreeMartinArmstrong
FreeMartinArmstrong's picture

I would gladly see facts prove you wright(and me wrong) in time since I own much more silver then gold :-)

The fact that gold lays very still is what makes it such a good store off value. You don't want instability. the use and demand of silver other then store off value put stress on the commodity and makes it unsuitable as money. who is going to keep the price up ?

Mon, 02/21/2011 - 02:20 | 980936 DoChenRollingBearing
DoChenRollingBearing's picture

I mostly agree Robot TM.

I do think both gold and silver wil outrun inflation fro a long time.

I could see selling silver for money (or groceries, etc.) as needed or wanted after a big price run-up (very likely IMO).

Gold?  Save it for your children and grandchildren.  Unless buying that Toll Bridge just becomes too attractive to pass up...

Mon, 02/21/2011 - 04:39 | 981050 Acidtest Dummy
Acidtest Dummy's picture

DCRB, We think alike maybe: people sometimes tell me to, "build a bridge and 'get over it.'" Usually, I am unimpressed I'd rather, "Use a toothpick to pole-vault over 'it.'"Any way just today I realized that maybe I should build a bridge and then charge a toll. Also, I haven't got an answer to whether Pt likes to Katamari like Au. I am still pondering Pts nature. If you have any ideas it please share.

Mon, 02/21/2011 - 09:42 | 981311 Arthor Bearing
Arthor Bearing's picture

Forgive me for replying with something only tangentially related to what you were saying...

Building a bridge is an investment too, whether built privately (obviously rare in the states) or by a municipality. Because munis used debt financing, with the implicit guarantee of the federal government, they never think of building a bridge oir a road in terms of whether it will eventually facilitate more capital growth than its construction and maintenance will absrob. Rather, they recklessly create construction projects in the mistaken belief that the money spent on construction is a spur to the economy, and that if you build it (a bridge to nowhere), they will come ("they" being businesses and investors).

This is why municipalities should never finance the construction of roads and bridges. They should instead be paid for by public corporations who get their funding from businesses and individuals who stand to benefit from the road being there. In that way money is spent carefully, and usually in a way which will facilitate sustainable healthy growth

Mon, 02/21/2011 - 02:32 | 980952 Blank Reg
Blank Reg's picture

Silver will never get near $10,000 for one simple reason. If things get that bad, fiat currency will be worthless long before that. Silver will be priced tangeble things.

Mon, 02/21/2011 - 01:19 | 980845 I Got Worms
I Got Worms's picture

First post from long time lurker! Started reading this site about six months ago. Don't much understand the finer points of finance but this site has really brought me along, and makes me laugh out loud to boot. Even before finding my way here, I was convinced that I needed to get on the physical gold and silver train, but reading the discussions here solidified my conviction. Problem was, I had nothing to buy it with.  My only asset was my home of seven years. I live in Austin, where everyone thinks our housing prices can't drop, and that I was crazy for listing my house, but I went with my gut and sold that fucker two months ago. Got asking price within a week (suckers!). So after paying off all my student loans and credit cards, I put every last penny into PHYSICAL gold and silver. Loved that house, but no regrets on the sale, and have been having a blast watching the moves in the yellow and silver stuff this year.  Just wanted to say thanks to all the silver and gold bugs on ZH for your insight!  Fook those wankin' bankers.

Mon, 02/21/2011 - 01:35 | 980879 Rahm
Rahm's picture

Welcome, and wise choice.  Soon you'll be able to go back and buy your block.

Mon, 02/21/2011 - 01:38 | 980886 Rahm
Rahm's picture


Mon, 02/21/2011 - 01:51 | 980904 gwar5
gwar5's picture

Rock on dewd! ZH hedge is the best.

Mon, 02/21/2011 - 02:01 | 980918 Blorf
Blorf's picture

No way I'm paying off my student loans... their value is going to zero along with the currency.  I'd rather have more silver.

Mon, 02/21/2011 - 02:29 | 980946 DoChenRollingBearing
DoChenRollingBearing's picture

I disagree Blorf.  You don't mess with the Big Rhino.  Don't invite .gov to mess with you.  No!

I Got Works is right.  Sell the house, pay down the debt and go big on Au and Ag.

Disclosure: The Bearing is 10% in PMs mostly gold.  That could change to 11% soon without me buying any more, hahaha!  

By buying gold (and silver and platinum) you are casting a vote against deficit spending, banksters, Wall Street, the Fed, .gov and almost every monster out there.

Mon, 02/21/2011 - 05:15 | 981069 EscapeKey
EscapeKey's picture

Ugh, I hate debt. Debt means you're not truly free.

Only slight concern this morning is that both WTI and Brent go markedly higher. Is that the plan ("If PMs go up, we'll ruin everyone") - Nicholas Biddle would be proud. Do JPM sit on a massive long position in oil?

Mon, 02/21/2011 - 12:13 | 981720 Amish Hacker
Amish Hacker's picture

Or consider the explanation offered by FOFOA (and, I think, FOA and A) that oil is not really priced in dollars, but rather, the Saudis set the oil price according to a gold/oil ratio. If the dollar price of gold goes up, then so does the price of oil. Is this the real reason why TPTB have tried to suppress gold prices for so long?

Mon, 02/21/2011 - 02:22 | 980937 Moe Howard
Moe Howard's picture

Never, ever, go in debt again. I am debt free. So are you. I'm staying that way for the rest of my life. So should you and everybody else on ZipHedge.

Mon, 02/21/2011 - 08:55 | 981201 jeff montanye
jeff montanye's picture

depends on how well one can control it, what one buys and what the after tax, after inflation cost is.  leveraged purchases of homestead real estate was a great idea, generally, from 1942 to 2006 with interest deductibility and, at times, negative real interest rates (1942 to 1965, say).  after 2006, horrific.  and debt for consumption outside of emergencies is never a good idea.  as far as leveraged purchases of financial assets, harry's question applies (you've got to ask yourself one question, do i feel lucky?  well do you?)

Mon, 02/21/2011 - 11:09 | 981519 I Got Worms
I Got Worms's picture

Debt free and aim to keep it that way. Renting a house for the foreseeable future. I bank at a small local bank now. The best part was when I closed my Wells Fargo account that I have had since high school, I was charged some 40$ administrative fee - it hacked me off, but then I figured, WF is out of my life for 40 clams, good riddance!

Watching these silver prices is like riding a hot roller on the craps table. With much better odds though.

Mon, 02/21/2011 - 03:18 | 980998 Troll Magnet
Troll Magnet's picture

you and i are on the same boat! 

Mon, 02/21/2011 - 03:37 | 981014 dark pools of soros
dark pools of soros's picture

now you can go increase your credit limits and max them out and buy more PMs and throw the cards in the trash

Mon, 02/21/2011 - 10:10 | 981380 SilverDOG
SilverDOG's picture


Kick 'em(banks etc) right in the nuts.

Tried to convince family to preform same brave act. No go.

Congratulations on sincere Whoopass. You'll be laughing, and buying... whatever you want.

Mon, 02/21/2011 - 01:19 | 980846 What_Me_Worry
What_Me_Worry's picture

I would like to get this margin hike over with soon.  We ALL know it is coming.  I cannot imagine there is even one holder of contracts that isn't ready to re-up his requirement collateral.

Mon, 02/21/2011 - 01:33 | 980878 flacon
flacon's picture

Hunt Brothers showed us a lesson in Margin calls. Nobody who is serious is buying on margin anymore. :)

Mon, 02/21/2011 - 02:09 | 980927 JLee2027
JLee2027's picture


Mon, 02/21/2011 - 01:20 | 980849 CitizenPete
CitizenPete's picture

According to the fin viz charts Silver is now up 7% on the 2011 calendar year -- Au at  -1.8%.  But holy man, The Bernank is beating everyone with his "physical" - Cotton up 36%.


Bow low to the Chairsatan, Ms. Blythe.

Mon, 02/21/2011 - 03:34 | 981010 StychoKiller
StychoKiller's picture

What short-selling giveth, the printing press taketh away! :>D

Mon, 02/21/2011 - 10:12 | 981389 SilverDOG
SilverDOG's picture

Oil last time.

'tis but a distraction from the elements.


Mon, 02/21/2011 - 01:25 | 980860 ArkOmen1
ArkOmen1's picture

All Aboard!!

Mon, 02/21/2011 - 01:26 | 980863 Dr. Gonzo
Dr. Gonzo's picture

I'm still buying. They're going to have to do a lot better than $33.10 to stop me. I have this strange compulsion to invest depreciating money in valuable underpriced assets that are deep, liquid and redeemible. Has anyone else noticed the Tulving operators are getting grumpier by the day? 

Mon, 02/21/2011 - 04:33 | 981046 topcallingtroll
topcallingtroll's picture

He and they have always been surly.

Mon, 02/21/2011 - 01:28 | 980865 barliman
barliman's picture


I wonder how it feels to be a Libyan dictator, Chinese politburo member, ECB banker or one of the FRB elite right now?

Does it feel like ground is moving beneath you? Are you wondering if the peasants will become further inflamed? Is your sense of absolute control eroding?


I still think you are too optimistic, Tyler ... but I hope you are right.


Mon, 02/21/2011 - 01:41 | 980885 AUD
AUD's picture

Heard on the radio today an Islamic group had taken over one of the largest cities in Libya & declared an Islamic Caliphate.

I remember a couple of years ago Libya was taken off the US government terror list, when Gaddafi's son took over & gave up their nuclear secrets etc. So what really happened is that Gaddafi Jnr sold out for a fist full of US dollars & now he goes under.

And backwardation in silver, I hear a creaking sound.

Mon, 02/21/2011 - 02:38 | 980963 natty light
natty light's picture

Name an oil-producing country, with a large impoverished population that is experiencing great discontent and may be influenced by unrest in other countries:

Uh, Mexico.

Mon, 02/21/2011 - 03:34 | 981011 StychoKiller
StychoKiller's picture

Wouldn't that just put a cherry on top of this clusterfsck? :>D

Mon, 02/21/2011 - 03:50 | 981024 Al Gorerhythm
Al Gorerhythm's picture

Uh, USA?

Mon, 02/21/2011 - 05:36 | 981079 Dave
Dave's picture


Mon, 02/21/2011 - 01:30 | 980868 SlipStitchPass
SlipStitchPass's picture

Hello Blythe..It's Jamie.  Get your funky Brit ass out of bed and get down here ASAP.

Mon, 02/21/2011 - 01:36 | 980882 Rahm
Rahm's picture

Awww Jamie, not again...



Mon, 02/21/2011 - 01:31 | 980869 SlipStitchPass
SlipStitchPass's picture

Hello Blythe..It's Jamie.  Get your funky Brit ass out of bed and get down here ASAP.

Mon, 02/21/2011 - 01:33 | 980877 RobotTrader
RobotTrader's picture

There was never any Blythe Masters.  She was a cartoon character made up here on Zero Hedge.

And no doubt, JPM is probably net long silver, after all the weak hands were flushed out by the PigMen during an attempt to trigger a Don Coxe "Midnight Massacre".

PigMen and their Plutocrat clients are always on the right side of the market.

Watch JPM report magnificent profits in the 1st quarter.

Here's Blythe macking down some pie at home tonight while watching the silver chart go ballistic...


Mon, 02/21/2011 - 01:36 | 980883 flacon
flacon's picture

Her poor husband. That's all I have to say. 



Mon, 02/21/2011 - 01:43 | 980891 frippy
frippy's picture

That chubby has 4 tits!

Mon, 02/21/2011 - 02:02 | 980917 reader2010
reader2010's picture

Fuck, she has eight tits.

Mon, 02/21/2011 - 01:47 | 980897 gwar5
gwar5's picture

Comfort food!

Mon, 02/21/2011 - 01:56 | 980908 MsCreant
MsCreant's picture

It's nice that you are consistent. Very nice lingerie for all your models!

Do ya'll know about "feederism?" For some, this is some seriously hot porn. Some men like heavy women and love feeding them and making them heavier. They feed them during sex too.

Mon, 02/21/2011 - 02:52 | 980975 OldPhart
OldPhart's picture

Lingerie?  That looks like a tablecloth doubling for panties!

Mon, 02/21/2011 - 03:37 | 981013 StychoKiller
StychoKiller's picture

Gag (pun intended!)  Now I've heard just about everything! :>D

Mon, 02/21/2011 - 10:03 | 981359 slewie the pi-rat
slewie the pi-rat's picture


tong foo foor da House!

Mon, 02/21/2011 - 09:04 | 981225 jeff montanye
jeff montanye's picture

and a cute (?) sub theme of "city island".  re: robot.  if the pigmen are always on the right side of the important trades why are they insolvent?  what they really are is on the right side of the financial corporations and the government so that when they are on the right side of important trades they keep the profits and when not, via government, we get the losses.

Mon, 02/21/2011 - 02:25 | 980938 Hugh G Rection
Hugh G Rection's picture

Stop taking pictures of your sister RoboTroll.

Aren't you short? When the PM bubble bursting? $400 by years end. $1,000 in 2012.

10-1 ratio will return, maybe even parody by 2013. Take your goog and stick it up your fat sisters ass.

Mon, 02/21/2011 - 02:27 | 980942 Blorf
Blorf's picture

The gold/silver ratio has been in parody for years.

Mon, 02/21/2011 - 08:02 | 981158 JonNadler
JonNadler's picture

ha ha

Mon, 02/21/2011 - 09:06 | 981230 jeff montanye
jeff montanye's picture

i missed that on a college bowl type high school competition: they do sound alike.  i was making references to mad magazine and they wanted agricultural prices.

Mon, 02/21/2011 - 02:34 | 980956 quasimodo
quasimodo's picture

Damn, I'd roll her in flour to find the wet spot but methinks it is all used for baking those sweet treats.

Mon, 02/21/2011 - 03:52 | 981028 Al Gorerhythm
Al Gorerhythm's picture

The goggles.... they do nothing!

Mon, 02/21/2011 - 05:14 | 981068 Dave
Dave's picture

That right there is some really scary shit.

Mon, 02/21/2011 - 06:44 | 981105 bluemaster
bluemaster's picture

she is beautiful I love big women ( Economical I don't have to feed her for months)

Imagine how much money you can save and buy PM :-)


Mon, 02/21/2011 - 07:31 | 981135 The Axe
The Axe's picture

There is always somebody SHORT...Luck I covered my AGQ last week and got long..

Mon, 02/21/2011 - 07:37 | 981140 camoes
camoes's picture

No wonder hog futures are going up, robo is fattening his sis'

Mon, 02/21/2011 - 08:21 | 981171 Sudden Debt
Sudden Debt's picture



but without a 50 inch dick, you can't do much with her...


Mon, 02/21/2011 - 11:11 | 981529 savagegoose
savagegoose's picture

you could set her alight, and keep the house warm all winter.

Mon, 02/21/2011 - 11:50 | 981641 Zero Govt
Zero Govt's picture

there's always the titty-fuk fact there's so many skin folds you could spend all week shagging your way around her!!!

Mon, 02/21/2011 - 09:47 | 981325 lieutenantjohnchard
lieutenantjohnchard's picture

you've heard of wrong way corrigan, the cat who took off in airplane heading for california, and wound up in ireland. our old catfish mouth robo uber bull bear wanna be now owns the title wrong way catfish mouth.

since his call for collapsing oil last week, oil has risen from $85 to $93 and change.

and who can forget his infamous collapsing - it's over, get over it and deal with it - call on silver a mere two weeks ago. $26.50 to $33.50.

and he would have us believe so successful was he at trading that he was able to retire - in his los angeles apartment.

well, at least the old catfish mouth has the memory of schooling gentleman jim sinclair on the coming gold and silver collapse. jim is still smarting from being admonished by the old catfish mouth.

Mon, 02/21/2011 - 01:38 | 980888 ArkOmen1
ArkOmen1's picture

No, she can't be on board!

Mon, 02/21/2011 - 01:41 | 980890 IAMAM
IAMAM's picture

I tried to put an order on the wesminster mint website, and WHAT there is TAX, WHAT TAX....this explains it.....

Mon, 02/21/2011 - 03:59 | 981032 foofoojin
foofoojin's picture

Why the hell would there not be taxes? your buying a physical product not a service that is not food. tell you what. you can always buy paper silver. there no tax on that :)

Mon, 02/21/2011 - 01:45 | 980894 gwar5
gwar5's picture

(From: Dealbreaker and Bloomberg, August, 2010)

--Blythe Masters told the commodities unit to "calm the fuck down!" assuring them that “no one’s going to get screwed. We’re not going to do crazy things on compensation at the end of the year.”

--JPMorgan, the second-biggest U.S. bank by assets, told its proprietary commodity traders in August their unit would be closed....  The group consisted of fewer than 20 traders and reported to the head of commodities, Blythe Masters, 41.

I bet she pulls a Ben-Ali.


Mon, 02/21/2011 - 03:39 | 981017 StychoKiller
StychoKiller's picture

Anybody seen 97 pieces of stuffed luggage?? :>D

Mon, 02/21/2011 - 01:47 | 980900 Caveman93
Caveman93's picture

Holy F&cK! I can almost quit my job before they lay me off! LOL!

Mon, 02/21/2011 - 01:48 | 980901 AndrewJackson
AndrewJackson's picture

Wow 33.11/16. To bad I am still a student and do not have significant savings to really pull the trigger and start stacking those 10 and 100 oz bars! Right now its baby steps, 1 maple here...1 eagle there.

Mon, 02/21/2011 - 10:20 | 981415 SilverDOG
SilverDOG's picture

With only one, you have more than 99% of the world.

Mon, 02/21/2011 - 01:51 | 980903 SingleCross
SingleCross's picture

What if........there is a "classified" contract between Timmy / Benny & the BBs to short PMs thereby supporting fiat systems?  The BBs would not be at risk with their shorts when acting on behalf of their contracted vendor - the vendor (Timmy / Benny et al) absorbs the losses, i.e. taxpayer would foot the bill.

... just thinking (I only "know" what I've read here and on other similar sites)

Mon, 02/21/2011 - 03:41 | 981020 StychoKiller
StychoKiller's picture

Can you REALLY be paranoid enough? <|:>D

Mon, 02/21/2011 - 09:11 | 981244 jeff montanye
jeff montanye's picture

if ron paul is to stand a chance, there must be some really vile stuff for him to discover over the next year and a half.  they's tryin hard to stack it up.

Mon, 02/21/2011 - 09:48 | 981327 Mr. Majestic
Mr. Majestic's picture

It probably takes the form of a "National Security" Letter, signed by a former President, and I'd wager there are two, one for gold and one for silver.

National Security Bitchez!

Mon, 02/21/2011 - 01:57 | 980909 Caveman93
Caveman93's picture

I wonder if he'd crash the NYSE to hedge this?

Mon, 02/21/2011 - 03:01 | 980984 Attitude_Check
Attitude_Check's picture

In a heartbeat.  I expect a MAJOR liquidity withdrawal to force Gold/Silver sales (it won't as much as they like), crash the stock market (it will work better than they would like) and scare folks into Treasuries (it will work so-so).  This will the one of (the?) last times this will work, and a big PM buying opportunity.

Mon, 02/21/2011 - 09:18 | 981254 jeff montanye
jeff montanye's picture

i can't tell whether you are a brilliant analyst or just that i agree with you or that it sure would help my portfolio.  (wished i'd pulled more of those triggers late last august, oh well, always too much of the bad, never enough of the good, think i'd get used to it).

Mon, 02/21/2011 - 10:23 | 981429 SilverDOG
SilverDOG's picture


PMAA: Precious Metal Availability Paranoia however.

Mon, 02/21/2011 - 02:09 | 980920 adeptus
adeptus's picture

THe latest youtube Blythe Masters silver short squeeze Xtranormal vid. Check it out: (4 mins)


Thanks Turd! :)

Do NOT follow this link or you will be banned from the site!