Ongoing Overnight Short Squeeze Takes Silver To Fresh 31 Year High

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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?

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