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Poetic Parity: One Ounce Of Silver Costs Same As One Share Of JPM

Submitted by Tyler Durden on 04/20/2011 09:21 -0400

Something oddly poetic about the following chart...

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Wed, 04/20/2011 - 09:28 | 1187647 Mercury

Now there's an arb/divergence trade...

Wed, 04/20/2011 - 09:30 | 1187692 flacon

Can anyone explain the signifance of this?

Wed, 04/20/2011 - 09:35 | 1187704 Ethics Gradient

According to those that are cleverer than I, JPM manipulate silver prices lower...

High silver prices will see them take quite a loss.

Wed, 04/20/2011 - 09:39 | 1187727 tmosley

Which is great, except you can't play it because JPM will just be bailed out of any and all losses, probably before they are even made public. All you will see instead is massive dollar devaluation from the currency being pumped down that bottomless pit.

The only evidence we are likely to ever see of such dealings will come in the form of sustainably astronomical silver prices, a COMEX default, and/or hyperinflation in the dollar (which by itself won't prove anything, as there are plenty of methods for the dollar to use for its suicide).

Wed, 04/20/2011 - 09:42 | 1187734 Turd Ferguson

Maybe Blythe and The Monkeys can swap some of their JPM options for SI options?

Wed, 04/20/2011 - 09:45 | 1187748 bigdumbnugly

but you know, you can't eat either

Wed, 04/20/2011 - 09:56 | 1187795 Ethics Gradient

Peak soil, bitchez!

http://www.energybulletin.net/52788

Wed, 04/20/2011 - 10:39 | 1187991 JW n FL

http://www.google.com/#sclient=psy&hl=en&site=&source=hp&q=peak+phosphorus&aq=0&aqi=g6g-m1&aql=&oq=peak+phosph&gs_rfai=&psj=1&fp=5968f614bc218727

Wed, 04/20/2011 - 10:55 | 1188079 fuu

44.26/45.03 = .9829

Wed, 04/20/2011 - 10:18 | 1187896 MrBoompi

Money isn't supposed to be eaten, especially real money.

Wed, 04/20/2011 - 10:57 | 1188092 dark pools of soros

let them get bailed out.. just makes Silver go up higher..

Wed, 04/20/2011 - 09:43 | 1187742 Turd Ferguson

cleverer?

Wed, 04/20/2011 - 09:53 | 1187792 Ethics Gradient

The opposite of dimmerer.

Wed, 04/20/2011 - 10:21 | 1187908 Turd Ferguson

http://tfmetalsreport.blogspot.com/2011/04/wednesday-wow.html

Wed, 04/20/2011 - 09:40 | 1187737 mspgrandi

Some people believe that the demise of JPM is something to rejoy

some people believe that prices of Silver kept artificially low by JPM were a moral issue worth figting for...

Some people believe that in 2012, when the World will end , they will use their bar of Silver to buy food in US shops

Some other people believe that Silver has been a good investment in the last couple of years... a bit like palladium, Copper, Mulberry shares.... and dont believe any of the other bullshit

Wed, 04/20/2011 - 10:16 | 1187882 BobPaulson

Some people are smart, and some people are morons. Most people are in massive blinding denial that allows them to sleep at night without having reality rip a hole in their head the size of the Grand Canyon.

Wed, 04/20/2011 - 10:52 | 1188057 JW n FL

and trillion oz's of Silver for you and yours!

here is one you can pass around as needed.

http://www.youtube.com/watch?v=UQv7Tr8HbGE&feature=fvwrel

Wed, 04/20/2011 - 10:50 | 1188046 goldfish1

Some other people believe that Silver has been a good investment in the last couple of years:

Beliefs are not facts.

2005 spot silver $6.50

2011 spot silver $44.96

Wed, 04/20/2011 - 10:57 | 1188095 JW n FL

http://www.halfhill.com/inflation.html

Click Options and Choose Shadow Stats Inflation from 1970 to 2010

Wed, 04/20/2011 - 09:46 | 1187761 Jay Gould Esq.

Yes -- the gods are laughing.

Wed, 04/20/2011 - 09:55 | 1187802 skohiu

watch the bear cartoon

Wed, 04/20/2011 - 10:39 | 1187992 HardwoodAg

As the SEC watch their *bare* cartoons.

Wed, 04/20/2011 - 09:24 | 1187648 Eduardo

LOL

Wed, 04/20/2011 - 09:22 | 1187649 WALLST8MY8BALL

Tyler, When that line completes the X, Does Blythe Masters start to melt like the Wicked Witch in the Wizard of Oz?

Wed, 04/20/2011 - 09:25 | 1187652 tallen

Crash JPM buy silver, Discuss.

Wed, 04/20/2011 - 09:27 | 1187674 LawsofPhysics

Pretty much everyone on this site is working on it.

Wed, 04/20/2011 - 09:29 | 1187688 eigenvalue

I recently converted a guy to our side. He bought 50kg silver bars last week.

Wed, 04/20/2011 - 09:33 | 1187709 Stormdancer

50kg.......right :) He better do an assay for sure 'cuz that ain't no LGD bar.

Wed, 04/20/2011 - 09:35 | 1187717 Robot Traders Mom

Where was he able to secure delivery on 50kg bars from???

Wed, 04/20/2011 - 09:47 | 1187769 eigenvalue

He bought the bars in China and paid 10% premium over the spot price. I don't know yet how he will bring the bars out of China. But I think he will find a way.

Wed, 04/20/2011 - 10:01 | 1187822 Idiot Savant

Almost spit my coffee all over my keyboard! Your friend bought 50kg bars in China, the counterfeit capital of the world? I have a bridge to sell to him.

Wed, 04/20/2011 - 10:37 | 1187972 oddjob

They are now counterfeiting fake bars as well.

Wed, 04/20/2011 - 10:04 | 1187836 tmosley

Large bars...

China...

Silver...

Large bars of silver...

China...

Large bars of silver out of China...

All I can say is, I hope he had them assayed first. China is fraud central for fake gold and silver.

Wed, 04/20/2011 - 10:07 | 1187854 redpill

Guys, you'll never believe it but this dude on the street corner sold me a ROLEX for only $200!!!

Wed, 04/20/2011 - 10:24 | 1187923 Cash_is_Trash

Is he black?

Wed, 04/20/2011 - 10:54 | 1188056 goldfish1

In silver?

Wed, 04/20/2011 - 10:09 | 1187856 Robot Traders Mom

You say bars, as in plural, so he paid at least $170k in cash for basically something he knows very little about, from some shady Chinese dealer, without thinking about how he is going to get them back to the states? Okay.

Wed, 04/20/2011 - 10:55 | 1188068 goldfish1

Sure he did.

Wed, 04/20/2011 - 11:19 | 1188234 earnulf

I agree, he needs to get the purity checked and fast. Chinese idea's of purity and silver don't necessarily go hand in hand. Some of what Chinese dealers call "tibetan Silver" is a mix of silver and other metals, to as low as 50%. He would have been better off at 10% over spot to go with something people recognize like eagles or maples. I hope he did well, but that is really throwing the wheat into the wind,.

Wed, 04/20/2011 - 09:30 | 1187693 sheeple

seems like ruprechts and the wicked witch has lost the battle front in silver; but the leash is still on big brother gold

Wed, 04/20/2011 - 09:55 | 1187794 Fenlander

I met a second cousin at a wedding this weekend, I did not know he works for JPM in London (not on any PM desk, but in FOREX). He was interesting on the matter. He confirmed that this issue is being actively discussed in JPM, but that there is no fear, as (he said) "because people do not know all of our positions across a wide range of trades, or how we have hedged them".

you wouldn't expect him to reveal any JPM secrets, but he did seem genuinely relaxed about the whole issue. I'm not saying JPM is not net short (I really wouldn't know), but that even if they are, there seem to be elsewhere enough hedging to mitigate any losses that might occur.

Wed, 04/20/2011 - 10:01 | 1187829 Catullus

That's the standard boilerplate line around every trading position. The fact is if they have other positions that net out exposure, JPM is structured in such a way that no one at the regional levels could possibly know that. It's sort like saying "we have a safety issue here, but I'm sure someone has thought this through."

They can use a massive regional loss to offset a gain and never reveal the net position overall at a corporate level. Which if that were the case, a default at the COMEX would need to be questioned to nth degree. If JPM hedged it but defaulted on delivery in the US, that would be a fantastic international fraud. I wouldn't put it beyond them.

Wed, 04/20/2011 - 10:19 | 1187902 duo

In other words, they have naked shorts on the miners, then one day they will cover, go long the miners and not have to worry about the POS.

Wed, 04/20/2011 - 09:23 | 1187653 the not so migh...

hard on chart

Wed, 04/20/2011 - 09:24 | 1187658 rich_maverick

Max will love this. He claims $1.5 trillion in silver short derivatives is being backed by JPM stock. This will trigger the death of JPM...

Wed, 04/20/2011 - 09:38 | 1187728 aphlaque_duck

Where does Max get this info? How can I verify it?

Wed, 04/20/2011 - 10:00 | 1187823 SPONGE

"And the wild things roared their terrible roars and gnashed their terrible teeth and rolled their terrible eyes and showed their terrible claws."

"And now," cried Max, "let the wild rumpus start!"

Wed, 04/20/2011 - 09:51 | 1187751 Dental Floss Tycoon

And who do you think will be on the hook if JPM or any other TBTF gets into trouble?

The Fed is probably selling cheap puts that JPM buys for money borrowed from the Fed for 0.1%.

The Ponzi is going to collapse but we are still fucked.

Wed, 04/20/2011 - 10:23 | 1187913 TwoShortPlanks

B-U-Y S-O-M-E F-U-C-K-I-N-G R-O-P-E

It's great for hangin shit up! ;-)

Wed, 04/20/2011 - 09:27 | 1187661 DavidC

More! More!

DavidC

Wed, 04/20/2011 - 09:24 | 1187662 LRC Fan

Parity, bitchez

Peter Schiff has been saying gold and the Dow will be trading at parity within due time, the question I have is what about silver? Will silver ever trade at parity with the Dow? My guess is HELL YEAH!!!!!!!!!!!!! bitchez

Alas, I'm an idiot for getting short the DIA yesterday. Good thing I'm 90% invested in physical silver, I'm just hoping the market tanks a bit so I can cash out and convert fiats into silver/gold. If not, oh well, silver to the moon anyway and I'll just continue accumulating eagles/maples.

Wed, 04/20/2011 - 09:37 | 1187715 John Bigboote

My local coin store pays spot plus $1 for Eagles but spot plus $0 for Maples. Why is that?

I like Maples because they are not considered US currency (property that can be recalled). However, I can see how the govt could apply 1099 restrictions to silver Maples like they have gold Maples.

What to do? More Eagles or more Maples?

Wed, 04/20/2011 - 09:45 | 1187750 LRC Fan

Also Maples have a higher face value ($5) vs $1 for the American Eagle. I guess it's just that we are in America, and more people recognize the eagle than the maple. Whatever, just keep buying silver in any form, and profit.

One other strange thing I've noticed is that the 1996 American Eagle, the "KEY" date, has been sitting at $79.99 even as silver has rallied by like 10%. I haven't checked today but APMEX hasn't moved the price higher. Shows that people are going for more oz rather than higher collector's value.

Wed, 04/20/2011 - 09:45 | 1187752 aphlaque_duck

A good question wrt gold coins too... I'm 50/50 US/Maples. Just figured the US coins might enjoy a legal/tax advantage in the future, otherwise I'd rather buy Maples.

Don't the silver Eagles carry a higher premium on the buy price too? So it's not like you lose it, it's just built in to the price.

Wed, 04/20/2011 - 09:47 | 1187768 Urban Redneck

The US market is xenophobic, even in urban wannabe-sophisticate centers.

Compare melt values - Maple is higher content than Liberty.

Wed, 04/20/2011 - 10:07 | 1187845 viahj

eagles, maples and libertads....you never know which border you may need to cross one day

Wed, 04/20/2011 - 11:17 | 1188218 tarsubil

Um, where is that store?

Wed, 04/20/2011 - 11:33 | 1188328 John Bigboote

Louisville, KY

Wed, 04/20/2011 - 11:35 | 1188329 davepowers

the Eagles are better looking coins.

sure, the maple leaf side is pretty cool, but the mug of the Queen of England graces the other side, so there

give me Liberty any day

Wed, 04/20/2011 - 13:12 | 1188828 mick_richfield

ok.

Wed, 04/20/2011 - 09:25 | 1187664 jus_lite_reading

I have been praying for this day. Now it is here and now I know the end of this scam is over. Get your supplies now. Max Max days are soon upon us. May you all keep safe!

Wed, 04/20/2011 - 09:41 | 1187732 SheepDog-One

Exactly right just_lite while many say this clownshow continues on basicaly to infinity, the high speed unstable shaking is already taking place and vital parts are about to come flying off this Rube Goldbergian contraption! Buy up supplies, to hell with stocks and bonds and all the rest of the nonsense it will provide you no help!

Wed, 04/20/2011 - 10:08 | 1187859 jus_lite_reading

I Don't own a single stock anymore since a year ago. I have have a few hunded dollars in the bank... the rest of my net worth is in gold and silver... food guns ammo are the most important now. God help us all!

Wed, 04/20/2011 - 09:25 | 1187665 baustibaustafa

My grandfather used to run Chase Manhatten. I own lots and lots of silver. I think it's awsome. Karma's a bitch!

Wed, 04/20/2011 - 09:41 | 1187729 Robot Traders Mom

Your grandpa was CEO of Chase? Why are you blogging and not partying on your own island in the Carribean?

Wed, 04/20/2011 - 09:45 | 1187749 augie

Maybe i'm the moron but i don't spell manhattan that way either... but then again, i'm just a plebian.

Wed, 04/20/2011 - 09:50 | 1187773 Richard Head

A branch at best, or a teller station most likely.

Wed, 04/20/2011 - 09:28 | 1187666 LawsofPhysics

Silver definitely undervalued.

Wed, 04/20/2011 - 09:29 | 1187687 augie

what, is it ten minutes to wapner already?

Wed, 04/20/2011 - 10:05 | 1187848 zeek

...now that was funny!!! :)

thanks!

Wed, 04/20/2011 - 09:26 | 1187667 fuu

If you look at it the right way the Zero Hedge logo looks like 1:1.

Putting on my 1:1 hat!

Wed, 04/20/2011 - 09:29 | 1187675 Wakanda

price parity is

the tipping point between the

beauty and the beast

Wed, 04/20/2011 - 09:30 | 1187676 eigenvalue

The SOFO rates have collapsed again today! Another short squeeze coming? $145 silver in April 2012!!!

Wed, 04/20/2011 - 09:30 | 1187677 gordengeko

There we go. Epic

And its 4-20

Wed, 04/20/2011 - 09:34 | 1187710 Wakanda

4-20!

time to catch an Ag fire!

Wed, 04/20/2011 - 09:38 | 1187721 jimijon

4-20... and I am doing Lent. c'est la vie.

Wed, 04/20/2011 - 09:28 | 1187682 detersbb

A more serious question after all the early cracks,

Who will take a bank as large as JPM into receivership when it goes under?

Will it be Goldman Sacs?

Will it be a Federal Reserve Bank maybe New York?

Will they be broke up and out right on the market and all derivatives unwound by the US Government?

Wed, 04/20/2011 - 09:41 | 1187730 eigenvalue

Methinks when JPM collapses, Uncle Sam will also go under at the same time. JPM is such an integral part of the current system that when it fails, the entire system will go with it.

Wed, 04/20/2011 - 09:43 | 1187740 Dr. Richard Head

Either way it ends up being manual masturbation. The Fed owns the Fed no?

Wed, 04/20/2011 - 18:13 | 1190205 FIAT_FixItAgainTony

well, history of psychopaths in charge indictates a possible flow chart...

usgov repeats tbtf whine.

fed loans usgov $ to nationalize jpm.

bill goes to taxpayers as usual.

sudden truth occurs.

there are no taxpayers, they were foreclosed upon.

taxpayers have learned their "legal" tricks, and learn about the common law.

mass changes in the court system as the taxpayers unite.

there are convictions.

20 % of americans stand with the revolts throughout the world.

the fed is dissolved by the fact the people have awoken to the fact the true power is with them just as it has all along.

new world order is replaced with common law world order.

the market takes care of its own as it should.

there is a basic maxim of common law and it will never go away:

ALL MATTERS ARE IN COMMERCE

i'm in the midst of this push to take back the courts.

amazing how we in this movement notice our claims immediately become security instruments that are traded and sold promptly.

we comprehend this means our claims have value.

that means they have standing.

i ugre zh'ers the following:

zh > forums > movers and shakers , you'll see my posts.

visit you tube and request "english freemen court".

rinse and repeat, i mean connect dots and continue education.

take back america's courts.

have we not had enough of this total bs fiat money deal?

Wed, 04/20/2011 - 09:29 | 1187686 flacon

Wed, 04/20/2011 - 09:54 | 1187689 Cognitive Dissonance

Come one Tyler. You just flipped the chart.....right? :>)

On a more serious note I've been wondering if JPM is the sacrificial lamb in this next phase of destruction. Or at least a portion of it when it disintegrates and leaves a smoking hole in the ground.

On the other hand, I've been assuming that this Ponzi water carrier (JPM) will be given a lifeline when the time is right.

Wed, 04/20/2011 - 10:02 | 1187826 Stormdancer

Here's an odd bit of ...hmm...never mind. I thought the timestamp was exactly the same..

Anyway...I said something similar

http://www.zerohedge.com/article/spot-gold-passes-1500-dollar-plummets#c...

??? is someone messing with timestamps? That one has changed too? ROFL....ain't had a drop...promise.

Wed, 04/20/2011 - 09:32 | 1187690 johny2

Poetic, and I would like to know at what price of ounce of Silver, JPM share is going to reach parity with ounce of dirt.

Wed, 04/20/2011 - 09:43 | 1187745 Al Gorerhythm

Divide silver price into their derivatives total or the silver price into the BIS "other Metals" total and it turns out to be an astonishing number.

When the strategy changes and the big boys start dancing, the frenzy will be like feeding a hand full of grain to 100 meat hens, when the run for physical really starts.

Wed, 04/20/2011 - 09:31 | 1187694 silvertrain

A Silver Dime will now buy a gallon of Gas where as it's been a Quarter..

Wed, 04/20/2011 - 18:15 | 1190217 FIAT_FixItAgainTony

spot on. it is a super deflationary time in reality with real money. glad to see you price things as i do. fifty cents gets me a damn nice meal by me!!!!

inflation only affects the FIAT !

precious metals have an intrinsic value that can never be zero.

facts are facts and opinions are like.....

Wed, 04/20/2011 - 09:31 | 1187696 Alex Lionson

Bravo, Tyler! I think not only poetic but Pathetic as well

Wed, 04/20/2011 - 09:31 | 1187698 lunaticfringe

I didn't see any of the great (silver shorting) losses in JPM's latest earnings report. Is there anyone savvy enough to explain how they were able to kick that can down the road for those of us who aren't accountants. Is Max K. full of shit?

Wed, 04/20/2011 - 09:57 | 1187810 Urban Redneck

The only accounts contained in the earnings reports and SEC filings are proprietary trading and subsidiary totals. If JPM has entered into a net short position at the behest of a client or customer (e.g. FED or Treasury) it will never appear in their earnings. If the trade is entered into through some captive off-balance-sheet Maiden Lane black-hole entity then it will never see the light of day, since the FED has printing presses and COMEX can switch to cash settlement.

Wed, 04/20/2011 - 09:33 | 1187706 apberusdisvet

Hey Guys: JPM = FED; FED = printing press.

No way JPM goes under. Who do you think is shorting all the silver miners? Certainly not hedgies. Both SLW and PSLV are attacked at the same exact time on suppression days. Look it up and learn.

Wed, 04/20/2011 - 09:41 | 1187739 SheepDog-One

Game about over, hope youre prepared.

Wed, 04/20/2011 - 09:45 | 1187747 Dr. Richard Head

This is what the hope is at least. Silver purchasing is the quickening of fiat death. Quick silver indeed. Riding the wave of fiat's destruction.

I think Barry McGuire's original lyrics were Fiat of destruction - http://www.youtube.com/watch?v=IwYNWYaS3bI

Wed, 04/20/2011 - 09:36 | 1187711 Dangertime

Time to get the lipstick out for this pig. The run is just about over. Just bought some October 40 puts to complement my 33 and 37's.

Wed, 04/20/2011 - 09:53 | 1187788 Richard Head

Keep doing what you're doing, assclown. In fact, please double down. We are all rooting for you to buy more puts.

Wed, 04/20/2011 - 10:06 | 1187841 tmosley

Time to go all in. Bet the farm and more on 300% leverage. You'll get all that you so richly deserve.

Wed, 04/20/2011 - 11:29 | 1188279 tarsubil

I'd buy Apple before doing that. You have to be out of your mind. Even if there is a significant pull back, you are relying on perfect timing. Good luck with that.

Wed, 04/20/2011 - 09:36 | 1187713 thecakeisalie

I'm gonna mount this on my wall right above the picture of JD and Bernie getting their punishment from Max Keiser.

Wed, 04/20/2011 - 09:37 | 1187718 MilleniumJane

What a beautiful, beautiful chart! Brought a tear to my eye...from laughing so hard!!! JPM, kiss my ass.

Wed, 04/20/2011 - 18:21 | 1190239 FIAT_FixItAgainTony

agreed jane. been waiting for *chuckles* the day for some time *chuckles* and now here it is and all i *chuckles* can do is keep chuckling at random!

all crooked banksters can kiss our asses!

*chuckles*

fire is raging through the paper and its not a moment too soon.

amen.

Wed, 04/20/2011 - 09:41 | 1187720 Michael Victory

~beautiful

Wed, 04/20/2011 - 09:40 | 1187722 Michael Victory

repeat

Wed, 04/20/2011 - 09:38 | 1187725 Putty

Saw PSLV go to almost 28% premium on the open this morning. That looks like $57 silver to me.

Wed, 04/20/2011 - 09:39 | 1187731 lsbumblebee

Yes but you can eat Jamie Dimon. I would suggest skewered over an open fire and marinated with sage and lemon juice.

Wed, 04/20/2011 - 09:40 | 1187736 lunaticfringe

Can someone please explain why Tyler put up a profile pic of an alligator? Is this some sort of Rorschack thing? What is the meaning?

Wed, 04/20/2011 - 18:23 | 1190249 FIAT_FixItAgainTony

that was good lunatic, you made me scroll up to look!

+10

Wed, 04/20/2011 - 09:41 | 1187741 SilverDoctors

Lets use this as a rallying cry to take down the Morgue!

Crash JP Morgan, Charge Silver!

http://silverdoctors.blogspot.com/2011/03/crash-jp-morgan-charge-silver....

Wed, 04/20/2011 - 09:41 | 1187743 SheepDog-One

Fat lady sipping some herbal tea, warming up the vocal chords backstage.

Wed, 04/20/2011 - 09:44 | 1187744 pazmaker

Where is Smailes and Methman?????????

Wed, 04/20/2011 - 09:42 | 1187746 TINN

PURE AWE

Wed, 04/20/2011 - 09:46 | 1187754 bigdumbnugly

ok, so when do they release the hounds of the mining shares?

Wed, 04/20/2011 - 09:52 | 1187777 Cognitive Dissonance

They have been strangely silent....haven't they? This has worried me somewhat.

Wed, 04/20/2011 - 10:43 | 1187998 tmosley

They will continue to be so long as there are paper vehicles for people to invest in. Previous correlations between metals prices and miners were more a function of paper pushers seeking profits for the bull market. If they are able to do that in a way that doesn't require any extra research, many will choose that path.

Their lack of research will ruin them when the paper vehicles collapse, however.

Wed, 04/20/2011 - 12:42 | 1188665 sdmjake

Oil is up over $111. It is the largest cost for Miners. Also many of the miners are negatively impacted by the falling dollar as their currencies rise. They are quiet now but should do well in the long run as they are the 'true printing press'.

Wed, 04/20/2011 - 09:52 | 1187778 Lone Mad Minute...

Every time this blog gets giddy and partee bitchez happy. Silver gets slapped down. Just saying. BTFD!

Wed, 04/20/2011 - 10:03 | 1187840 MilleniumJane

Amen. I'm primed and ready. BTFD!

Wed, 04/20/2011 - 09:52 | 1187779 latizziforchizzi

Also if LGD bars are taken out of the chain of integrity they must be verified and sometimes assayed prior to being accepted back into the chain of integrity. LGD bars are not bought if they are outside of the chain of integrity.

Wed, 04/20/2011 - 09:53 | 1187784 latizziforchizzi

BTFD!!!!

Wed, 04/20/2011 - 10:01 | 1187830 scatterbrains

so if jpm = fed and jpm is massively short silver, the fed will print to bail jpm which will trigger higher silver prices which will require even more printing, launching a silver moon shot until finally everyone figures out what's going on and sells everything to buy silver sparking a massive almost infinite spike in silver, destroying the fed/jpm/dollar.

Wed, 04/20/2011 - 10:08 | 1187849 the not so migh...

We will probably attack another country before that happens.

Wed, 04/20/2011 - 11:30 | 1188310 tarsubil

Don't we need silver to do that?

Wed, 04/20/2011 - 10:06 | 1187843 whstlblwr

Sorry this comment not related to topic at all.

Big banks buy all our politicians now, it’s why Obama saved banks.

Wall Street Banks buy candidates. http://www.opensecrets.org/industries/indus.php?ind=F03

So far no candidates talking about corporate money problem in elections. Many them bought by corporations. If corporations buy candidates, their stock go up. Corporations don’t like real Teaparty

http://articles.moneycentral.msn.com/Investing/CompanyFocus/WhyPoliticia...

House speaker Boehner bought by banks and energy company.

http://www.opensecrets.org/industries/indus.php?ind=F03

Anyone in Zero Hedge to run in his district? Let’s vote him out.

Ohio’s 8th District includes all of Darke, Miami, and Preble counties, most of Butler and Mercer counties, and the northeastern corner of Montgomery County.

http://politics1.com/oh.htm

Alec Baldwin pansy for Obama now, but he speak about elections for people not corporations.

The bill would allow federal candidates to choose to run for office without relying on large contributions, big money bundlers, or donations from lobbyists, and would be freed from the constant fundraising in order to focus on what people in their communities want.

http://fairelectionsnow.org/about-bill

(Sorry long post, I’ll post several threads)

Wed, 04/20/2011 - 10:16 | 1187885 zeek

please DON'T post in several threads...

Wed, 04/20/2011 - 10:53 | 1188048 whstlblwr

I hear some people on this blog want to do something, not whine, guess you're not one of them.

And my SLV looks good from 27, thanks zero hedge.

Wed, 04/20/2011 - 11:42 | 1188387 tarsubil

I used to think that there was hope for a political solution. Look up the guy Chip Cravaack. The guy was an ordinary dude. He was furloughed from his job as a pilot and took care of his kids one of whom is autistic while his wife worked for a Danish pharmaceutical. He spent days hanging out with stay at home moms. He was very fiscally conservative and anti-government until he won a seat in the House and went to DC. Now he is concerned about his career and growing power. Changed his number without telling any of his old serf friends.

The only way to fix our problems and DC is not peaceful.

Wed, 04/20/2011 - 12:14 | 1188521 goldfish1

Don't discount Diebold.

Wed, 04/20/2011 - 10:10 | 1187857 Seasmoke

will not be long until people will not be wearing jewelery.......damn who knew these past 15 years my wife was just looking at out for us with all the jewelery she made me buy

Wed, 04/20/2011 - 10:11 | 1187862 velobabe

F U C K jpm†

4/20

Wed, 04/20/2011 - 10:25 | 1187920 gordengeko

Now that's poetic! On 4-20-11 the SLA has surpassed it's evil nemesis JPM. Only fitting it's done today.lol It's a celebration bitchez...at 4:20 ET!

Wed, 04/20/2011 - 10:19 | 1187900 Natasha Fatale

Poetic with a hint of Schadenfreude :D

Wed, 04/20/2011 - 10:24 | 1187937 My Days Are Get...

Unless JPM posted a loss reserve for its silver position on its financial statement, it seems fair to presume that JPM is acting for and will be indemnified by the Fed for all silver losses.

Wed, 04/20/2011 - 10:57 | 1188078 Temporalist

$45

Wed, 04/20/2011 - 11:01 | 1188105 Bansters-in-my-...

4/20...MY FRIENDS.....

WHERE GOING TO HAVE A HOOT TODAY..!!!

Fuck you Jammie Demon.

Wed, 04/20/2011 - 11:02 | 1188132 slewie the pi-rat

in terms of real US money (US Mint-produced gold & silver coinage), prices are going down = deflation. people have this money, already. nothing needs to "re-set" and we don't need a "new currency which will be commodity based" for you to use this currency.

hopefully you have already started trading FRN's for these legal coins. if not, they are priced in FRNs today: 1 oz gold = $1503.50 1 oz silver = $44.96 the actual coins cost more, especially from dealers.

US -based homo economicus is all about deciding what to do with the green stamps, right? those of us with too few to screw around may be somewhat fortunate to be able to see quite clearly how to freaking survive, here.

people who weigh their FRNs rather than count them may be waaayyy too "smart" to put every dime they can get their paws on into silver. too "risky" to do that, besides, these bond funds are still doing quite well, compared to when we bought them, dahlink...

Wed, 04/20/2011 - 20:04 | 1190523 FIAT_FixItAgainTony

yeaaaa slew! once one is rid of plague paper, the deflation is quite glorious!

hi ho silver, shine forth the truth!

gas was a quarter, soon to be a dime!

woo hoo!

Wed, 04/20/2011 - 12:41 | 1188654 SumSUN

I'm buying more silver today just because, you know...

Wed, 04/20/2011 - 12:50 | 1188707 j.darkness

Poetry indeed. I want this on a t-shirt as it pretty much sums up my minor obsession of the last few months. Regardless of trade-ability or the prospect of crashing the morgue, the art represents the meme. There is beauty in destruction as there is in creation. This graph is a two dimensional representation of an n-dimensional topic, taken out of time to be celebrated and reflected upon. It is the tourist's picture taken from the deck of the Titanic of that pretty and awe inspiring iceberg way over there.

Wed, 04/20/2011 - 13:35 | 1188947 Natasha Fatale

Agree

Wed, 04/20/2011 - 13:16 | 1188861 H. Perowne