Parabolic Flight To Silver, As April Crude Touches $98.48, Irrelevant Dollar Unch

Tyler Durden's picture

There was a time, long ago, when the dollar was a flight to safety instrument. Those days are gone. DXY barely budging as the overnight session begins, while silver has already put $34 in the dust. Last: $34.26 and parabolic.

April Crude lieterally flying off the shelves. All those who thought the 4 pm price was a misprint and shorted... our condolences.

Time to announce 10 emergency POMOs tomorrow... or else

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CPL's picture

Fuck me.  Here it comes...EVERYONE INTO FAZ, TZA!!!!


All hands on DECK!!!

nwskii's picture


Why FAZ or TZA if Silver starts rockin? Thanks!

CPL's picture

They are X3 ETF's with a bear angle, and when the trading seas are in bear mode they move around 10-20% in a day.

They are only for day trading though, you keep the Stop loss tight or your finger on the sell trigger.  Got some work to do to figure out the spreads.

flacon's picture

Wow, did you just see that at 6:30pm! Somebody just barfed shorts all over silver and gold within a few seconds MASSIVE shorting! HUGE volume in gold; about ten times the average volume in the past few minutes. Let's see how long it takes the longs can clean up that vomit.

Hearst's picture

The battle is being won when the market is shorted by more and more people realizing the solution to these short shit storms is to BTFD.

flacon's picture

Yep, took just 14 minutes to clean up the vomit spill on the silver isle and about 10 minutes for gold. I remember not too long ago when it would take several weeks to clean it up!

akak's picture

I sure do hope that Jeffrey "100:1" Christian and Jon "Gold is not in a bull market, but IS in a bubble" Nadler are wearing their industrial-strength Depends right now. 

Remember, though, Jonny, you have to remove them before going swimming in the Kitco pools.  But oops, my mistake --- those pools are all empty anyway.


quasimodo's picture

Not to point the obvious but Nadler is a fucking puke, and the forum over there is a complete and utter fucking joke-way too many thought police over there.

akak's picture

... the forum over there is a complete and utter fucking joke-way too many thought police over there.

At the risk of sounding slightly crude, no fucking shit!

I used to regularly participate there, but with the massive and almost ubiquitous censoring of information and free thought by the thin-skinned, intolerant "moderators" there, particularly that hyper-uber-Nazi ynot2k, the Kitco forum is nothing but a complete mockery of what an online forum, and free discussion, should be.

strannick's picture

A.K. in AK.

Yes, as one who also slaved under the thought-policing, freedom-hating fascist yoke of 'its not censorship, its editting' dumbassing ideologues like YNOT2K, before abandoning the Kitco backwater for the land of the ZH free, I would like to cyber-high five that one.

When the S was H'ing the F, John Nadler and his poodle YNOT2K did their part to delude many and ensure the truth not be told.

akak's picture

Greetings, fellow Kitco exile!

I hear they continue to build new guard towers, and install more barbed-wire fences and minefields, around the grim gulag of Kitco's forum.  "Forum", as in "if you are not explicitly for 'em (i.e., the Nadler/Christian/Wall Street/Federal Reserve axis of evil). you will be banned by ynot2kpikesupmyass."

TGR's picture

Exciled here.

I got a perma-ban in late 2009 for "offensive behavior" after letting one too many expletives (run of the mill, everyday ones mind you) slip.

I reckon Nadler masquerades as a moderator in her spare time, as I was generally productive besides the odd dig at Nadless and one other gormless dolt on there who believed everything he read on the Internet about gold and China.

I don't miss it.

Vendetta's picture

"I remember not too long ago when ..." ... exactly.  However my recollection is that it often took months to clean up

potatomafia's picture

I sure hope they can short it back to sub-$30!! 

william the bastard's picture

You'll be seeing red tommorrow. Why? markets are open!! LOL

hamurobby's picture

Kettle and pot... hahah, long 10k oz bitchez!

to da moon!!!

Bill the bitch, have a nice day.

Mr Lennon Hendrix's picture

Apple Futures = Red

Apple is the major stock of Hedge Funds

Futures = Red

Correlation?  I think so.  Does Steve Jobs's health play a role?  I think so. 

Do I like to fight the trolls?  Yes.  Is William the Bastard an ultimate troll?  Absolutely.


tmosley's picture

Nope, he's a grade school level troll.  Maximum trolling is what MCT does.  This guy phones it in.  He gets points for volume, though.

hamurobby's picture

May the PTB bring it down below 32 an ounce so I can really really go long. I just wish I had had the balls to already be retired growing corn, but I digress.

Fuck the ptb.

NoBull1994's picture

Fairly happy with my SLV $40 strike Jan 2013 LEAPS.....

william the bastard's picture

My bet? It mighta moved 50-75c. Post tommorra an lemme know nobull.

Careless Whisper's picture


In honor of Executive Order 11110 I present to you Marilyn Monroe One Silver Dollar


dark pools of soros's picture

except that 2013 doesn't exist on anyone's calendar. ANYONE'S


robertocarlos's picture

I retire and start collecting a pension in Feb of 2013. It's a whole 2800 dollars a year.

eblair's picture

flacon, how do you see gold volume?  are you looking at globex volume? thanks.

flacon's picture

This is what I use. It's the best free web service I have found so far. Go to Instruments and select SILVER or GOLD, then go "View" -> "Volume"


Note: You can click on the little "push-pin" icon and it detaches and you can make it full screen. Really neat site!

Dooud's picture

Far out Man! That chart ties my Desktop together.

Rusty Shorts's picture

Dude, that is just too funny !!!

infinity8's picture

Ouch you killed me with that!

and Thanks! Flacon.

OldTrooper's picture

Just remember - The Chinaman is not the issue Dooud!

Midwest Prepper's picture

Excuse the newby here, but where can I view a chart that shows volume?  I only know Kitco's basic silver price chart.



flacon's picture


This is what I use. It's the best free web service I have found so far. Go to Instruments and select SILVER, then go "View" -> "Volume"


Note: You can click on the little "push-pin" icon and it detaches and you can make it full screen. Really neat site!


I only kill chickens and wheat's picture

Love the detachable, the other one's showing price in kilos.

Shed Boy's picture

@flacon Great link, thanks!

flacon's picture

That's a good one too. 

Zero Govt's picture

Flacon - many thanks for the chart... got the volume but how did you determine the big hit of shorting you mentioned?

prophet's picture

The other side of these peaks is brutal so be nimble.  I like the AGQ options for silver.

UncleFester's picture

That's BBH fund, so be careful.  Don't stay in long.



william the bastard's picture

I'm long AGQ right now, but I trade it. The options on 2X and 3x ETF models are too expensive via b/s and conservative pricing methodologies and they are too illiquid for professional use or traders wanting depth.

Bay of Pigs's picture

What are you doing way down here you douche?

Michael's picture

Muammar Obama has a place ready for you silver/gold bug bitches.

SNL Style V Comedy Sketch INFOWARS.COM

CPL's picture

Good thing I'm a Canuck, I own a shovel and a large piece of land.  One of the fellow ZH'er got me thinking about this about three weeks ago.  It's now buried instead of banked.