This page has been archived and commenting is disabled.
As POMO Ends, Stocks And Commodities Tumble
Just as POMO ends, the floor gets taken out of the market. And this was just a $6.4 billion operation (monetizing the recently issued 5 year). To think there still are those who believe the Russell 2000, pardon, the economy and the wealth effect can be sustained absent quantitative easing. The market is finally, with about a 3 month delay, pricing in the end of QE2. We wonder how long before it starts (since 2011 is a replica of 2010) pricing in QE3...
ES:
Commodities:
»
- 12444 reads
- Printer-friendly version
- Send to friend
- advertisements -
I like this "orderly sell-off" it let's me monitor in "real time" how my puts go to the moon while my physical PMs rest peacefully!
There is no inflation there is no inflation we're not in Kansas anymore
http://fiatsfire.blogspot.com/2011/05/two-head-tuesday-nearly-3000-fukus...
Real investors buy gold. Period. I think as that article points out that the powers that be have tipped off their friends to buy gold and silver and get ready for something big to happen. What else explains their actions?????? Nothing but madness or foreknowledge of something BIG!!
I'm watchin the 50sma on $compq
Yes. The lower the price of silver, the quicker the COMEX will default.
Pray for zero, bitchez.
yea yea yea
Get off it already
need a hug?
Hey I'm in the mood to lose a lot of money today, got any suggestions for me? I hear you're the king of hot moneylosing tips
Awww, still butthurt, Golgothan?
Still standing at around $500 made for every dollar lost.
I thought Bernie Madoff Securities LLC shut down?
I bet you've never had a losing quarter.
lol, actually I haven't. This will be my first, and at this rate it's more likely to be flat rather than a lose.
Examine the price action of silver since the lows of 2008 when I went in hard (I had a tiny bit of numismatic crap I bought before that, I will admit).
Also "HURP METAL DA PNZI SCHEM!!!@!!1"
Well if you have such a stellar trading record why aren't you working at Bridgewater, Renaissance, or SAC?
Because I'm saving the world with my work, not destroying it.
About to enter animal trials on a cure for prostate cancer. If it works like it has in the past, we will have a proof of concept for a new approach to drugs which will allow for the elimination of all transmissible disease (except prions) and cancer.
Wow...for someone saving the world, you sure have a lot of time to blog. You blog practically 24/7, or so it seems.
You're a super saver of the world frenetic blogger who also has never had a losing quarter in the market.
That is quite incredible tmosely. Quite incredible to say the least.
You don't know anything about science. I don't spend all my time in the lab. I'm hardly in the lab at all any more. I spend all my time at the computer. Right now I am working on two reports and two papers. I designed the weeks experiments on Sunday, and only have to check in on progress occasionally.
And I see that you still haven't bothered to actually look at the historical silver price over the time frame I specified, where I have been buying every month for the last 2.5 years.
But who cares? You wouldn't know a phage display library from your ass.
I have looked at the historical silver chart. I've also looked at the historical chart for tulips, Enron/Lehman/FNM/FRE/AIG, and many others. When assets move straight up, they swiftly move straight down.
Here it is from 1985-present:
http://quotes.post1.org/historical-silver-price-chart/
Your problem is you don't know when to sell and book profits. But that's ok, you'll learn that lesson.
What the fuck does a phage display library have to do with anything? I never said I had an acuity towards the field of science. All I said was for someone to be finding a cure for cancer, maintain a perfect trading record, and frenetically blog, is quite an amazing accomplishment. Your multi-tasking skills are epic.
Tulips can increase in supply at a geometric rate. Enron and co weren't bubbles (idiot), they were frauds. You know, like the COMEX.
Further, look up the history of currency collapses. You will find similar price action to that of current day in the PMs, but rather than ending with a crash, they were remonetized and stabilized at the higher level.
But then, you don't know anything about history, economics, or even common sense. Instead, you just pursue your agenda 24/7, ignoring ALL ELSE.
....and what if the euro collapses first, China enters deflation, and the US enters deflation? That's all dollar negative right?
When is your date for the collapse of the dollar and all other currencies?
And yes ENRON was part of the tech bubble, FNM/FRE were part of the housing bubble, etc etc. And silver can be increased in production just the same as tulip bulbs....take a gander:
http://tinyurl.com/6aax3bu
http://tinyurl.com/6kvda28
"Record attributable silver equivalent production of 6.2 million ounces — 6.1 million ounces of silver and 2,900 ounces of gold — was a 10 per cent increase over the comparable period in 2010." And that is just Silver Wheaton
If the Euro collapses, then bully! We've got more time! Unless our banks own a bunch of their debt and ... oh shit.
The western currencies are likely to fall together, like a bunch of ships that have lashed themselves together in an effort to keep from sinking, causing some of them to realize they could sell the hulls out from under the ships for a quick buck, assuming the other boats would carry them.
Also, I lol that you think China is going to go into deflation. Inflation there is unstoppable, and it is 100% caused by their dollar peg. The second they remove that peg, the Yuan will stop inflating and the USD will collapse. No-one can say when that will happen, because it is not a market phenomenon, but rather a decision made by a few people. The margin hikes we saw in silver were similar.
But you will continue to demand a date, or make other sniping comments, because you have an agenda.
What is my agenda? You keep saying that.
Your agenda is twofold. First is to try to divorce the maximum number of people from their physical silver. This is by any means necessary.
Second, you are to, by any means necessary, discredit any and all metals bulls, ESPECIALLY those who quickly discover other operatives.
http://www.wired.com/dangerroom/2009/01/usaf-blog-respo/
http://www.nytimes.com/2008/04/20/us/20generals.html?_r=1&hp=&adxnnl=1&o...
http://stj911.org/blog/?p=502 (a reproduction of a "Raw Story" article which has since gone offline)
Any single username can claim that it isn't a part of such a "conspiracy", but the trend is crystal clear. How many dozens of usernames have registered over the last few weeks that do literally NOTHING BUT troll the comments of silver articles? Your user name is older, but it seems quite clear that you have an agenda here, that at least aligns with that of the trolls.
"Your agenda is twofold. First is to try to divorce the maximum number of people from their physical silver. This is by any means necessary."
WRONG. I have said I like PM's MANY times but that the parabolic move up (particularly in relation silver) was dangerous and would result in tears. Guess what....it has thus far.
"Second, you are to, by any means necessary, discredit any and all metals bulls, ESPECIALLY those who quickly discover other operatives."
WRONG. Only you tmosely when you do shit like predicting $60 and it goes to $34 the next week . I discredit YOU, not ALL metals bulls BECAUSE YOU ARE WRONG MOST OF THE TIME. THE ONLY THING YOU SAY IS THAT YOU BOUGHT SILVER AT THE LOWS MANY YEARS AGO. There is NO PROOF TO BACK THAT UP OTHER THAN YOUR BULLSHIT. I on the other hand say BEFOREHAND what I think will happen.
Just because my predictions/projections are accurate and spot on, doesn't mean I have an "agenda" You can't find 1 prediction I've made publicly here about silver that was wrong. And I do it BEFOREHAND.
Just because you are wrong, over, and over and over again doesn't mean I have an agenda. It means you're stupid. And BTW have millions of people in Japan died yet (as you predicted would happen by late April)
LOL
Go look at my posts, dipshit. I've been on the record as a silver bull since 2008.
You purposefully take long term predictions at market inflection points and call them short term calls, trading the opposite of them on extremely high volatility, then try to call me 100% wrong.
You do this because you have an agenda. Or because you are a fucking retard who got super lucky.
Also, nice move on piling on more half truths, you lying sack of shit. I said they would be dead or evacuated if water wasn't turned back on or bottled water service was restored. Both were restored. I never said they would all die of radiation by then, as you imply, because you are a lying sack of shit troll, pursuing agenda number two.
"Go look at my posts, dipshit. I've been on the record as a silver bull since 2008."
Yea dipshit...too bad zerohedge.blogspot.com started in 2009.
So NOTHING YOU SAID IS ON THE RECORD. JUST BULLSHIT
I've been posting as tmosley since 2007. The Internet goes past Zerohedge, you know.
Well you go back and find it. I don't have time to search the entire internet for posts you did about silver in 2008
Just to humor you:
10-16-2008 01:43 PM
#16
tmosley
Senior Member
Join Date
Jan 2008
Location
Texas
Posts
5,520
If you have silver mines, you probably also have silver mints. You should be able to call a local one and get them to mint it for you.
As to the denomination, it depends on what you want to use them for, and what you think will happen. If you think everything is fine and dandy, but that silver is going to go up, you would want 1000 oz bars, because they are a nice, dense store of wealth, and they are cheaper than other forms.
By contrast, if you think your local economy is going to collapse, then you will want it in the smallest denominations you can get in order to barter for food and other consumable supplies.
If, on a third hand, you thought the economy was going to go to shit, but you wanted to take advantage of that, and buy capital for cheap at the bottom, you would want a variety of sizes from 1-1000oz, depending on what you want to buy (10oz for large animals or vehicles, 100 oz for groups of houses or apartment blocks, or 1000oz blocks for factories or large tracts of land).
Sorry. I missed the part that said YOU were going in hard and buying the shit out of silver and holding to tripple digits and that the dollar is going to collapse etc etc etc.
And send the link so I can see the context.
Awww, so butthurt he can't accept when he's shown to be a fucking idiot.
Well, I already closed the window, and I'm done spending time humoring you. You can go fuck yourself, troll.
10-16-2008 12:01 PM #8
tmosleySenior Member
LOL!!!!!!!!!!!!!!!!!!!!!!!!!!! TMOSELLLLYYYY I FOUND ITTTTTT
Sounds like you're realllll bullish here....it hard to be finding a buyer of silver. Don't see anything anywhere about you being bullish and saying you were balls to the wall buying silver. In fact according to the sentence I highlighted that flies in direct contradiction with what you are CURRENTLY saying.
Furthermore, the rest of your comment shows your lack of knowledge as it relates to currency and silver overall.
http://www.ronpaulforums.com/showthread.php?163424-Need-Help-Buying-Silver-FAST-Please!
I see why you suddenly closed out your window and felt the need to proceed with ad hominem attacks.
lol what?
Not knowing about buying silver overseas means I don't know about buying silver in America? It seems to me that making that distinction proves that I was buying silver.
Do you realize that your jumping around like a little ape is making you look retarded, right?
And yeah, it would be hard to find a buyer for a 1000oz bar of silver in an economic collapse. That is why I advocated then (as now) that you don't buy them, but rather 1oz bars and below. Back then I liked 10oz bars, but later heard tales of counterfeit 10oz bars, so I got rid of them.
You are unbelievably stupid.
Also, jsut noticed I cut off the bottom portion of my post. Here is the rest of it:
Myself, I'm saving up with small denominations (1 oz and below), and 10 oz bars on about a 1:1 ration by weight. Unfortunately, I can't afford anything larger than that. Of course, I should be able to buy a block of houses near my own home to rent out with my little 10oz bars (10oz bar equals a well-maintained low income rental in a fairly nice area post collapse USA--I can't speak as to what will happen in other countries).
I reiterate--you are unbelievably stupid.
And your quote was:
"It's hard to find a buyer for a giant bar of silver during economic collapse."
Which shits in the face of current theme of not being able to find SELLERS. COMPLETE FLIP FLOP.
And I didn't cut anything off, that was the quote from page 1. And that was added from the same comment you posted above.
5,520 comments.
The comment above in this thread didn't have that bit, you must have added it as I didn't see it either the first time I read the comment on the ronpaul forum.
Two comments posted by you here on ZH with 5,520 (post by you on the RonPaul thread) as the comment.... but one is missing the paragraph stating you are buying silver. hmmmmm. Looks like you went back and edited the comment.
I said I cut it off, idiot. Look on page two of that thread. Feel free to browse my other comments. They are all bullish on silver and gold. That was just the earliest one I could navigate to, as the board software seems to cut off the search at 10 pages of results. I found that one through Google.
And no, the thread was about an economic collapse, ie SHTF, ie Mad Max. If you read the thread, I note why each type of silver is good or bad. At the time, I was not thinking of counterfeit bars. I am now.
Further, find me one post that I have ever made telling people to buy giant bars of silver. JUST ONE!
Also, you are so excited with glee at finding "something" that you aren't even able to type out a cogent sentence. Half of the above doesn't even make sense.
Your above comment on this ZH thread #1283728 is in reference to your comment here:
http://www.ronpaulforums.com/showthread.php?163424-Need-Help-Buying-Silver-FAST-Please!/page2
(comment#16 on the ronpaul thread)
However, you said you cut the following off of your comment:
"Myself, I'm saving up with small denominations (1 oz and below), and 10 oz bars on about a 1:1 ration by weight. Unfortunately, I can't afford anything larger than that. Of course, I should be able to buy a block of houses near my own home to rent out with my little 10oz bars (10oz bar equals a well-maintained low income rental in a fairly nice area post collapse USA--I can't speak as to what will happen in other countries)"
However, the first time I read your comment on the ronpaul thread that section wasn't there. Just the same as it's not there from your own copy n paste in comment #1283728.
So....you must have logged back into the ronpaul forum and added this.
"Myself, I'm saving up with small denominations (1 oz and below), and 10 oz bars on about a 1:1 ration by weight. Unfortunately, I can't afford anything larger than that. Of course, I should be able to buy a block of houses near my own home to rent out with my little 10oz bars (10oz bar equals a well-maintained low income rental in a fairly nice area post collapse USA--I can't speak as to what will happen in other countries)"
And you didn't cut it off, because the first time I read the comment (on the ron paul forum, I re-read it three times to make sure I fully grasped the retartedness what you were saying, and I am POSITIVE it wasn't there.
lol, what? You are about as dumb as a bag of hammers, boy. Look around those threads. The forum software automatically announces at the bottom of the comment if there has been an edit, and timestamps it.
What a fucking numbskull.
And you edited your shit without a note, like a faggot.
Enron was NOT a part of the tech bubble, you buffoon. Enron was an ENERGY company. Not a fucking internet stock.
Fannie Mae and Freddie Mac were to the housing bubble what the COMEX is to the silver "bubble", ie the fraudulent instruments of politicians and bankers. FNM and FRE tried to drive up housing prices, just like the COMEX has tried to drive down PM prices. In both cases, they worked for some time, then failed miserably. Both continue to try to fulfill their master's political goals in the face of the housing collapse in the case of the former, and the ten year bull market in silver in the case of the latter.
Also, I lol that you are trying to extrapolate the production of a single, HIGHLY SUCCESSFUL silver producer to the entire sector. You are fucking clownshoes.
I didn't say it was a fucking tech stock. I said it was part of the tech bubble, where ALL stocks rose. The Nasdaq as a whole was the chief beneficary of the tech bubble....ENRON was a NASDAQ listed security.
You obviously didn't click on the first link which has ALL kinds of different silver miners increasing production to close to record levels. Here it is again:
http://tinyurl.com/6aax3bu
And what is my agenda?
(tmosely, I added two sentences....I just wanted it to be noted, so your feelings wouldn't get hurt again.)
I didn't say it was a fucking tech stock. I said it was part of the tech bubble, where ALL stocks rose. The Nasdaq as a whole was the chief beneficary of the tech bubble....ENRON was a NASDAQ listed security and it moved in concert with all other NASDAQ stocks
You obviously didn't click on the first link which has ALL kinds of different silver miners increasing production to close to record levels. Here it is again:
http://tinyurl.com/6aax3bu
How 'bout this one?
"Produced 1.05 million ounces of silver in the quarter, resulting in a
record annual production of 5.3 million ounces of silver and achieved
the fifth consecutive year of production growth;"
http://www.sys-con.com/node/1830264
And what is my agenda?
Put a "Edit" tag before the things you add, then.
And it is STUPID as SHIT to cite anecdotal evidence claiming that silver production is "exploding" or whatever it is that you are trying to say. Try looking at the silver institute. You will see that for all the bluster, and the incredible near doubling of price in 2010, silver production rose all of 2.5%. Big whoop.
Been waiting for that quick move straight down for two weeks now. When does your tireless charade become a visible line of BS?
What are you talking about? I never called for a quick move straight down. I called for an environment of high volatility trending towards zero.
But then, you are an 11 week old troll, so you probably never saw the posts I made originally calling for that, from back in February and November.
of course you didn't call for a swift move down.
You called for 60 by "next week" and 49 by the end of two weeks ago.
Every call you make is fucking bullshit.
And now it turns out you're curing cancer and then in the next sentence, ALL diseases EXCEPT cancer.
ROTFL. I'm sure you deliver the mail too, eh, Cliff?
Once again, the Golgothan spreads his shitty lies.
I never "called" $60 silver next week. Show me a post where I said that. If anything, I said "at this rate", ie, in exasperation at the rapid rise, mainly because I was terrified that my investment thesis was coming apart, as the higher spot prices would allow the COMEX to survive, meaning silver would never take its moonshot.
And you need to learn to read, son. I said all COMMUNICABLE disease (except prions) AND cancer. This is possible because of a technology that was developed by an associate of mine. We have combined a single atom catalytic center with phage display libraries to allow us to develop peptides that will seek out and attach to a given protein and kill whatever is within a cell radius of it, ie cancer cells, or bacteria, or viruses, or fungi, or parasites.
But then, you are too weak, stupid, and jealous to even consider the fact that things might just get better some day, preferring to jerk off to fantasies of Mad Max all day and all night.
I need a dose of chemotherapy just talking to the fuckwit...hey tmosley if you want to cut cancer rates just STFU.
I would post all day and night if it would give trolls and douchebags like you cancer.
ALL DAY and ALL NIGHT.
Go for it slowpoke, hit me with your rhythm stick...fuck knows you have already talked enough shit today to give Golgotha a run for its money. And if all else fails you can always junk me like the little bitch you are. Oh, how i laugh.
Awwwww, so butthurt.
Go cry to mother dearest.
It just dawned on me, im conversing with a guy who wants to cure cancer while simutaneuosly give it to people by typing at them. That kind of irony spells the end of this conversation, sorry but i cant do this anymore.
Laters Mr Mosley.
Don't worry. No cure for you.
Also, more cancer equals more bux when you've got the only cure.
But then, trolls can't even comprehend basic math, like 2+2=4, so they can't be expected to understand microeconomics.
Oh you're horrible. Goodnight.
Fail. Lose an argument, change the topic. Your trolling skills suck.
Anything else to add? Or are you just one of the people who go around calling everyone a troll you don't agree with?
A troll is a participant that adds little to no value to forums such as Zerohedge. That pretty much defines you to a T.
i hadn't noticed. you, on the other hand, did.
LOL...you're curing cancer TOO?
WTF for, when it's all going up in smoke and you are burying your silver?
How did casting miss you for the Cliff Claven role? You're a dead ringer
The Golgothan speaks, and once again splatters his shit all around, annoying everyone in sight.
Retard.
Edit: actually, due to the threats against my job, I won't post that link.
ROTFL...and you are SO BUSY curing cancer that you could find and respond to my post in like 5 minutes!
HAHAHAHAHAHAHAHAHAHAHA.
And, no, I was not born at Jesus's feet.
I'm waiting on more compound to be synthesized. We won't be doing anything on that until next week.
You really are a weak, stupid cumbucket, you know that? Why don't you go back to rolling around in a septic tank, Golgothan.
Also, I lol that you think that's what a Golgothan is.
Not born, but shit into existence: http://www.youtube.com/watch?v=CEdOqYEwcT8
Please correct me if I'm wrong but aren't their cafeteria's fully staffed?
yeah, go buy a house.
Yeah, hey, here's my suggestion, trav7777 old boy:
Take a ride over to Fukushima and then breathe deep the gathering gloom. Notice that sharply tart metallic taste in the back of your throat? That is what you SUMMARILY DISMISSED just two months ago, as in your insufferable egomania you envisioned yourself as the Enlightened One, counselling everyone else to IGNORE all the flashing lights and warning signs, as YOU, trav7777, knew better.
You DIDN'T know better, asshole. You encouraged people to expose themselves to horrific danger, while you, safe at home, could beat off to your pontificating, self-aggrandizing sermons of "not to worry" bullshit.
Let's not ever forget WHAT you were spewing when the chips were down, old boy, and WHY you were doing it.
Yeah, hey, here's my suggestion, trav7777 old boy:
Take a ride over to Fukushima and then breathe deep the gathering gloom. Notice that sharply tart metallic taste in the back of your throat? That is what you SUMMARILY DISMISSED just two months ago, as in your insufferable egomania you envisioned yourself as the Enlightened One, counselling everyone else to IGNORE all the flashing lights and warning signs, as YOU, trav7777, knew better.
You DIDN'T know better, asshole. You encouraged people to expose themselves to horrific danger, while you, safe at home, could beat off to your pontificating, self-aggrandizing sermons of "not to worry" bullshit.
Let's not ever forget WHAT you were spewing when the chips were down, old boy, and WHY you were doing it.
are you an idiot?
I think I already know the answer.
And the answer scares you. lol
Why dont you short it then and speed things up?
Because I would rather be on the side that wins in the end. You know, those who hold physical silver when the music stops.
Thats just verbal diarrhoea, why dont you short it and use the cash to buy more silver, and "when the music stops" then you can be even more annoying?
Would you climb back aboard the Titanic to loot it, given that you already have a lifeboat all to yourself, loaded with loot?
Playing paper games is a good way to lose everything. Might as well bet on black.
In any event, no-one said this will be a straight line event. Shorting it was never the best way to play it. If I cared to play paper games, I would play the volatility, which I have predicted for some time would reach for infinite--which it has.
Also funny that I "annoy" you. What's so annoying? The fact that This "huge" bear move can't even come close to wiping me out? That you can't stop me from spreading the word about physical silver at the very time that you and your troll pals are trying to get common people to sell in a panic?
Also, it's diarrhea. There is no "o".
Yeah, paper games, if you are riding out the vol in one you may as well play the winning hand twice - short one and buy the other...you cant lose fuckwit. Short your worth in silver and add to the position with the cash. Why complicate things with a straight line?
Wow, you are literally fucking retarded. You don't even know what you are talking about.
Here's a clue--when you SHORT something, you can't just withdraw the proceeds and buy physical silver. Your broker won't take that kind of risk. You would have to play paper games to try to replicate owning the real thing.
Further, I said that there would be EXTREMELY HIGH VOLATILITY. I'm not about to put myself in the position where I'm going to get a bunch of damn margin calls. Christ, it's like you're a fucking infant criticizing someone for not taking this strategy.
The only thing I would even think about doing would be to buy volatility. But I don't play paper games, like I said. If the COMEX collapses, like I think it will, any options I own become WORTHLESS.
But then, you are so profoundly retarded you can't even hope to understand that.
ok
Jesus, junked 5 times for saying ok, talk about thought police...or might that be, fantasy police? Either way, who gives a fuck? If a lot of yanks think they can bring the global silver market down just because they arent pawning their grandmothers candelabras , why not? Rock out with you're cocks out.
Hey son, You can talk about the American economy all ya want, you say one more word about my grandmothers bras i'll jump through that screen an smack the taste out'cha mouth for you can think "USA." Comprende?
oui
MORON...of course you can.
You short SLV, take the cash and buy silver.
There is no shortage and premiums are slim. I heard 3630 for a 100oz bar at a dealer just saturday.
lol, you try taking delivery on cash from shorting SLV, or anything else, and tell us how that goes for you.
You are dumb as dogshit. Which is understandable, given that you are a Golgothan.
Huh? dont think that one's worth an answer trav.
Why don't you two just fuck and get it over with?
If he's a Golgothan, then you're a copraphiliac.
He makes way too much noise, i like them to whimper, thats why i got my eye on you.
Diarrhoea = Brit spelling
http://www.who.int/topics/diarrhoea/en/
By the way, I'm sitting on silver and gold, as you are. I cashed out a retirement at penalty in July 2008 and bought gold at $785 or something. What a loser I was to take the penalty on that secure retirement...
I have done medical research, and have noticed your posts frequently, usually agreeing with most points. I take care of my prostate but it's good to know you've "got my back".
It is nice because it will specifically attack prostate epithelial cells, meaning that you can actually use it to remove an inflamed prostate chemically--which will leave no scars like the surgery does. The really amazing part is that the cells retain the target after metastasis, meaning that you cure the cancer even after metastasis, no matter where it has spread to, something that it VERY rare with cancer drugs.
I was not aware that that was the British spelling. Thanks for letting me know.
Sounds like the proverbial "silver bullet". That darn prostate capsule is so hard to get into. It would probably have an easier time finding the mets.
Keep up the good work.
(Green tea, lycopene, vegetarian, selenium, daily exercise, non-alcoholic guy for now)
So when silver went from 30 to 50 JMP/comex was being destroyed. And from 40 to 30 to 20? they are getting destroyed. No matter what happens they are finished, and yet they are still there. Interesting theory.
I don't buy that scenario. It is clear the run from $18 to $49 had the COMEX on the ropes. Could still be true at $33, I really don't know. But now with a falling silver price, shortages are totally assured, just like what happened in 2008. We go into the $20's and physical silver will literally disappear from the market.
Also, the COT report now shows the commercial position is priced as if we had $16 silver.
Draw your own conclusions.
I should say the commercial shorts are in the same kind of position as when silver was price @ $16, according to Ted Butlers analysis.
No, the price didn't have them on the ropes, the open interest did. But the open interest doesn't matter if they are able to source metal at market prices. If I am totally wrong, and there is plenty of supply even at these low low prices, then I guess that is fine and dandy. But I don't think that is the case, especially with inventory fleeing COMEX depositories at unprecedented rates.
The COMEX is going to bust at low prices because OI is still high.
I agree that is a big red flag, and a different situation than what has gone on before.
I didn't say they were getting destroyed when the price was going up. I came out and said that higher spot prices are in fact the only thing that can save the COMEX. It actually had me questioning my thesis of waiting for a COMEX collapse and an industrial panic.
Nice try at lying your ass off and shoving words in my mouth though.
Man, you are tense. I don't keep track of your pronouncements, just stating what the ZH silverbug statements were. Anyway, Jim Willie, Harvey Organ and the boyz have been calling for a comex failure every week for decades. You are in good company.
Yeah, well I haven't. I thought there might be one in 2008. Now I am 90+% sure there will be one this year.
I might add that the reality is that the COMEX has already defaulted multiple times, starting back in December when they started settling without deliveries.
Now, T. $0 is a bit of a stretch. I'll settle for the $1.12 where I started 48 years ago.
Crap, my guess was $100MM too high. Well what is $100MM between PD's and the Fed....errr I mean friends.
PD's staying cash, so they must have not received the QE3 questionnaire yet.
The media isn't completely aligned yet.
The debt ceiling isn't adjusted yet. Hold yer fire.
Well, the Chairsatan needs to announce (or intimate) the mother first, before it gets priced in, doesn't he?
Until then, it's increasing levels of fear and brinkmanship.
You may be surprised how long it is until something similar to qe3 gets started.
People are just now starting to price in the fact that there may not be a qe3. A big correction would be healthy anyway.
No QE3? Then why are Treasurys moving up? Who, in the right mind, would buy bonds when the buyer of last resort stops buying when there still exists $1.5 trillion a year deficit?
+10000000000000
The bond speculators will buy & keep on buying, since they know the central bankers, no doubt lent on by politicians, will crack.
I believe this is the million dollar question. Just whom is buying bonds when either a) inflation will eat away at negative real rates or b) deflation sets in a U.S. default is immenment.
I mean, you'd have to be an idiot to buy treasuries with anything longer than a 6 month time horizon.
hedge funds selling corp bonds and buying treasuries since they were running them as spread trades...the corp bonds getting sold into mut funds (retails) who don't short treasuries and treasury desks buying the bonds because we still have pomo and they only think a day or 2 ahead?
When does the market pricein QE3?..I'm watching the PM's for the answer
I advocate an immediate $6 Trillion Stimulus program to create or save 10 million shovel ready jobs.
Or better yet, $10 trillion to save 6 million shovel jobs.
+1
for anyone that worked at a bank or in finance, in chains, under guard, working in the desert southwest to finally bring energy that doesn't cost our very lives to use.
How much oil is in the desert southwest and will the Sierra Club let us drill for it?
There's no oil here at all. There's a lot of sunshine, Nuclear plant's and Hydro plant's though.
Why dont you just mary Mr Sulu idiot.
Here is the set up for Fed Three Card Monty come June @ http://rosenthalcapital.com/blog/2011/05/debate-of-qe-termination-a-head-fake-expect-market-rallies-upon-completion-of-qe2/
Good sign silver is resisting while gold took a hit. Shows that there aren't many "speculumators" on the silver side and everyone that was in gold pulled out. Bottoms up!
i like your thinking gulch, but are there other indicators (maybe the usd) that could give early warning signs as well....
furthermore....debt ceiling is one thing, but i doubt by itself its enough to get the sheeple behind more (publicly announced) QE....
obviously a negative 500 point day for the dow would help...
The problem with the USD is it's measured against all the other horses waiting in the glue factory. The Japanese catastrophe and EU issues are putting the lipstick on the dollar pig now but it's still a pig.
Need any more metaphors I will try.
Two more, please.
The paper Hinderburg conflagration will be visible from Uranus (incidentally where The Bernank's secret hideout is).
Fiat lepers will beat one another, appendages flying, but the fight does not end with a true winner as they will all be without limbs for which to raise in victory.
Always like Francisco but Ragnar is more along my lines.
Current action is nothing but a POMO PROMO for QE3.
Members of Congress will be meeting at CIA headquarters on Wednesday to privately view the bin Laden porn stash. The pictures will not be released publicly, as they are said to be "too graphic."
I'm surprised they are not meeting at the SEC.
I think Obama found Bill Clinton's porn stash and now they're putting the blame on Osama.
Ummm No, your just an idiot.
Easy Al ain't got nothin' on helicopter ben "the bernank". QE3 to the rescue bitchez!
The Lame Stream Media will begin focussing on the debt ceiling issue. No doubt parading unfortunates before the camera bemoaning their fate, and of course blaming the "rich".
The blame should be squarely on the banks and politicians that covertly encouraged the leverage and securitization spawned from the politzation of the housing market (CRA Act, Fannie/Freddie).
When it all came down, the banks got bailed out, the politicians went away (Rubin, Dodd, et al) or have gone missing (where's Barney "he made me bite the pillow" Frank now?). Pelosi, Frank, Schumer, Weiner, Franken, Reid, Sharpton et al. have all gone missing. Have not seen them on LSM spouting their shiite in months.
No worries Eric Holder is on the case.
There will be frog marches right before the 2012 elections to show the sheeple that Dear Leader is tough on Wall Street. They'll find a few rubes who were smart enough to pay protection money to the political machine.
They are definitely picking some low level crooks to parade around. The real GS criminals won't be prosecuted because the Obama administration is now complicit.
TBTF meet TCTP - Too Corrupt To Prosecute.
Hey bankster shill,
CRA had nothing to do with the mortgage meltdown. I didn't cover the institutions responsible for originating the majority of those crappy loans.
http://www.businessweek.com/investing/insights/blog/archives/2008/09/com...
Try again shithead bankster apologist.
..
Lol, Holder is coming after the oil specs. He's got some ZH'ers in his sights!
BTW could someone show Holder how to use Safari on his MacBook? He's trying to get an account on ZH but he's getting the beachball.
Yea, the MSM never remembers those three asshole republicunts, Gramm, Leach, and Bliley.
gh
If the market doesn't tank 20% soon then no QE3 til Jackson Hole in August. That will make for a rough July. Debt ceiling gets kicked down the road to Sept 30th. That will be anounced August 1st. Boo-Yah!
Could be they are waiting on the abysmal 2Q earning.
Why would Jackson Hole be the decision point? That might simply be the announcement of something already in progress, no?
Desperate times require desperate measures.
The Ben + Timmy "Extreme Methods Pump Team" is going to be active in some way.
there is no driver for the economy except normal replacement of products with but limited pockets of industrial demand. the usa is drifting aimlessly as it did in the 1930's depression years. it will stay this way until some outside force or event causes a change of direction. it may into a good direction, but i doubt it. my hunch is that there'll be a cleansing.
there is as much chance of a cleansing as there is of me playing forward for the chicago bulls.
maybe, maybe not. it's a jump ball every day for the usa. there are wild cards galore. besides if there is an nba walkout maybe the bulls can sign you up.
I only know how to dribble down my chin can you shoot for me?
Risk "OFF".
Bunch of pansy tough guys on Wall Street who can't actually invest but need the FED to hold their hands.
If there is no POMO, the debt will not be monetized. If the debt is not monetized, it will spin out of control, because no one, not even Bill "Yes I did no I didn't" Gross wants it. China doesn't want it, Japan can't afford it, Russia laughs at it (because it remembers how it feels), and Europe is in the same boat. Maybe Gono wants it? Zoelick? Debt for gold? Anyone? Anyone? Bernanke? Bernanke?
Get those gold backed dollars ready!
could they just stuff new worthless treasuries down SS's throat?
Force Americans to own the US debt...I do not think that could work, on either a fundamental economic point, or from a propagandist point. I do not think Americans would go along with it, but maybe they would; Americans are very docile. As far as economically, I do not think the SSTF could afford it, but maybe if pensions could only invest in Treasuries, but then the corporations would not have this income stream. I am pretty sure that will not hold up long if it was moved through.
Poor General Jim.
His $1,650 is getting farther away.
Sprott, China, Paulson, et al must be dumping GLD en masse.
And using the proceeds to chase credit card stocks.
GLD is as much a part of the fiat ponzi as the fiat ponzi itself. And no informed and self respecting person owns GLD.
Robo, you are one odd character!
TZOO down 40%. You must be puking up blood.
same with zlc, down 40%. the number of posts he makes daily vibrates off the amount of money he loses. don't fear my friend. he'll look up the daily advancers and find some outlier, and post as if he owns it.
yeah, bizarre the action is.
The old lady MLPs have been getting beaten lately. Suggests a rise in LT yields
Robo, your Rothschild Masters are not pleased with your sub-par posts.
If you are not careful, you will have to retire this, your FLAGSHIP PERSONA.
Please engage the thinking cap and be a tad more entertaining.
Remember, no think-y, no check-y.
And please have someone besides Zing come to your defense.
The Rothschild Masters are not pleased with the Zing replicant.
Bernanke is sitting back in his leather chair with a smart-ass grin. He's going to let every critic of his policy get massacred in their weak USD bets. He'll come out pretending to be the hero when enough of them start crying for his help.
Tower: "...Roger Ghost Rider you are clear for Stealth QE3..."
The Bernank: "Copy.....muwwwahahhah.."
I'm going deep deep deep undercover! - Axel Foley