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Precious Metals Break Out, Gold Passes $1,428, Dollars Away From All Time High, Silver Passes $34.50
After a two month delay, gold is about to take out it all time high, silver has just passed $34.50, and, shockingly, the dollar is down as the Chairsatan drones on.
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William the bastard is currently in the refectory of his junior high school.
Robot is asking his mother permission to go on the Internet.
he told me, he was going to his all GAY mens YOGA class. they can sniff each others behinds, like in prayer.
I ordered him to change his screen name no later than tomorrow at 2PM
I was wondering the same....maybe in the garage with the engine running???
that's not very nice. i prefer gay yoga. STRETCHING it if you know what i mean.
The repo guy took away their computers :)
Double tops is coming.
oh no, not again, seems like we get 3 of those a year, every year, for the last decade; how many PM double tops do we have to have before we get one that is at all meaningful?
Wow. Did you sign up just to be able to say that? Great first post. Thanks for the insight.
Yup, you nailed it. He's been here 3 weeks and one day and this is his (her?) first post.
Just click on the person's ID (name). But I suspect you already know that. :>)
The LAST 2 have all been higher,and this one certianly wont qualify.............and no Triple Tops shiot either.
I've been getting questioned by "normal" people now about buying and selling metals; I try and play dumb and don't tell anybody I really own the stuff. When the paycheck to paycheck soccer moms and dads start wanting in on the action bad things can start happening: That whole stupid people in large numbers thing....
Yeah except for the fact that only 1 out of every 10,000 investment dollars goes towards silver.
Relax......silver and gold are nowhere near their tops.
When there is a line-up around the block to buy PM and the price goes vertical - that is your signal. Happened in the 80's - will happen again......soon.
"When the paycheck to paycheck soccer moms and dads start wanting in on the action bad things can start happening:"
True, but the bad things are going to happen anyway, and the soccer parents are finally starting to wake up to a new, pissed off world. There are a number of ways that you can help them. I have only one family that knows I have much for PM's; these are people I trust with the life of my children (literally), and they need to know. But I have pointed friends towards APMEX and simply brushed off questions with responses like: I sold pretty much everything in [insert month] to take profit and pay off [insert a bill]. I hope to buy more soon, probably should have waited. I have told people I am invested with Sprott. (I am not, but it is the only ETF I would nudge family or friends to.) I have told relatively close friends that I am invested in physical but way way way minimized, and talked about the downside of having to go to the safe deposit box. (shit well hidden away from home, but I don't want people thinking I just have a friggin pirates chest full of gold dubloons in the basement. I wish.)
I wouldn't worry about letting some secret out of the bag, by the time Ma n Pa are lining up in such a way as to have an effect,,,,, The SWBHTF and you'll be sitting pretty anyway. Helping one or two families get pointed in the right direction is just being neighborly.
One must consider the nature of those things which have been in bubbles in the past.
To a one, they have been materials that can have their production ramped up quickly. Their respective bubbles all burst when new supply hit the market hard enough to overcome all of the easy money that had been poured in by the monetary authorities.
Now think about silver. Think about how there are very few actual silver mines, where most silver producers produce the metal as a byproduct, meaning silver must rise high enough to carry the cost of their whole operation before they are incentivized to increase production. Think about how we are using more and more silver in products where it is not retrievable. Think about the supply and the demand.
Next, one must think about the nature of money. Think about how and why a given commodity sees use as money. Think about the transition between the time when the commodity was not used as money, and when it was, especially from a supply/demand perspective. Think about who wants money, and about how stable the value of money is when it can not be reproduced at infinite levels quickly.
When you think about all of that, you will realize that the "bubble" is and always has been in the dollar, an endlessly reproducible currency, and that gold and silver, while they might look like they are in a bubble, are actually experiencing remonetization, and as such, when everyone rushes in, rather than having a popping bubble, you instead have a new currency system.
I really don't see how it would be a bad thing for everyone in the country to demand gold and silver instead of legal tender, no matter what their intelligence level.
The problem will be when the unmotivated "gimme gimme" handout crowds start demanding precious metals that they somehow think they deserve; kinda like they've done with cell phones and high speed internet access. Those people don't care what the money IS, they just know they want it given to them without having to earn it.
"Your monster box is set for delivery sir. Per Federal regulations, we have taken the liberty of removing 10% of the bullion for the Help the Clueless, economic stimulation program. Your contribution will make a difference: Your government thanks you, have a nice day."
ordinary people don't get that you can't "trade" physical things via eTrade, which is what they wanna do to "get in on it."
Expecting them to pull a big pile of REAL cash and go to a store and plop it down on the counter. Take a noob with you to a coin shop and watch their derision as someone puts "that much cash" onto the table and takes out a couple lumps of metal. A guy bought some junk silver bags and this girl I know was like wtf is he doing, that was a ton of money to "spend" on it.
HI SMAILES!
I read the Best Seller at the Perth Mint is their 1 Kilogram gold bars.
Tough to barter with 32+oz bars.
The Lunar series coins are very popular. The Lunar II rabbits are already sold out. (1 oz coins limited to 30k runs).
Sell the f*cking rally... it's run from $18 to $34 in six months.
These prices are simply not sustainable... it only costs $5 bucks to dig it out of the ground.
Why do you think producers have started hedging and causing backwardation? $28/oz in profits is too good to turn down, when six months ago it was only $13!
Silver is going back to below $20 in short order... there is simply no justification for the run.
Just rumors, hype and innuendo.
But MethMan
you said when silver dropped the other day that it would not retrace to the previous high and now it has, so you must make a new screen name and come back to bash silver all over again from scratch
Methman's definition of backwardation: http://www.google.ca/imgres?imgurl=http://www.motifake.com/image/demotivational-poster/1005/they-said-it-couldnt-be-done-pb-head-up-ass-demotivational-poster-1272914568.jpg&imgrefurl=http://www.motifake.com/100911&usg=__nAzAdgA0ChSmZeYcn2oUYVBLv1o=&h=774&w=640&sz=66&hl=en&start=87&zoom=1&tbnid=vlH5sB1KZio9gM:&tbnh=138&tbnw=117&ei=eyhtTdHlPMWclge6lP2mBQ&prev=/images%3Fq%3Dhead%2Bin%2Bass%26um%3D1%26hl%3Den%26sa%3DN%26rlz%3D1R2ACGW_enCA357%26biw%3D1889%26bih%3D736%26tbs%3Disch:10%2C957&um=1&itbs=1&iact=hc&vpx=550&vpy=394&dur=3065&hovh=247&hovw=204&tx=129&ty=123&oei=UChtTfiWAZKesQOfnMW_BQ&page=3&ndsp=43&ved=1t:429,r:14,s:87&biw=1889&bih=736
Excellent!
JonNadler, I am afraid that you and Blythe are going to have to pony up some Big Bucks to get better trolls.
These troll guys from Gaza just are not any good! Hire American trolls!
HA HA
They're from India, you should hear William the Bastard's accent. Outsourcing can be a bitch!
hope you are right so i can buy more
but i think that you are doing way to many shrooms
Must agree with JohnyBravo on this one.
The move in silver is just speculation fueled by greedy miners hoarding their production. Going to crash soon.
rubbish. and you are johny bravo re-incarnated.
Doppelgangers Untie!
Johnny speaks! We swoon.
Yer so funny.
You're going to have to learn to stop measuring value in $, because until you do, you're going to remain trapped in false mindset.
Remeber, zero and infinity are just two differing perspectives of the same result.
You cant print the silver. You better say bye to the ferrari!
Just for you Methman
http://www.youtube.com/watch?v=5C5twY6f-rU
Where are you getting your $5/oz production figure? With the price of diesel up more than a dollar since Oct10, and the EPA leaning on most American miners for cleanup cost remediation, how do you come up with $5? I'm sure that Hecla, Silvercorp and the rest of the miners in the Coueur d'Alaine basin WISH they could produce for that, but it just ain't so.
there is simply no justification for the run.
Just rumors, hype and innuendo.
Do you read?, what do you think the rest of the world is doing,on Rumors and Innuendo?.
Hand over friggin Fist.Your like a friggn gnat.............
deleted
...there is simply no justification for the run.
Gee, the same could be said for your precious equity "rally," right cockmunch? Must hurt, all that chunky golden blood shooting out of your ass.
BTFD
I really like you Meth Boy, you and I are like peas in a pod!
Buried canned ham in the backyard Bitchez!!!
Or spam!
http://www.youtube.com/watch?v=anwy2MPT5RE
And chocolate? Should we hoard it, Master Bravo?
Has the Ivory Coast "liquidated" at least one of their "Presidents?"
Just rumors, hype and innuendo.
No, this is a thread about silver, not NFLX.
NFLX are silver are pretty much the same thing. Just like NFLX, everybody thinks silver has unlimited upside due to rumors, hype and innuendo. NFLX doubled in around six months, and is now crashing back to earth, down 20% in two weeks.
It's only a matter of time before the same thing happens to silver.
Boy, when it comes to plumbing the depths of ignorance, you are clearly cruising along the bottom of the Marianas Trench.
When you bump into Ben Bernanke and Jon Nadler down there, please do give them my greetings.
Yes there is no difference between pixie dust and cocaine. One promises to make you fly the other lands you in jail. No difference.
Get sterilized before you spread your genes.
Hey Meth Boy, are there bars on your basement windows too?
What a douche you are....
Bars because grandma fears of releasing Meth-head out into the public.
CONTANGO!
math man, you and the boys bored again at "work?" everybody out at lunch so nobody to field your cold calls? so it's time to fire up the zh crowd.
spruce up your posts a little for more laughter. see, most everybody has read your $5 dig it out quote, and the back to $4 concept.
be creative and more outlandish. i'm not going to give you any ideas. that would spoil the fun.
btw, how big is the pot now on the number of responses you get at zh?
LOL! He's back!
Excuse me sir, producer hedging does not cause backwardation - get a clue. Backwardation is cause by physical longs refusing to loan their metal into the market today - to be replaced at a later date for a cheaper price - oh, and they get to run on the money in the meantime. The only way a sane physical long refuses that trade is if they are convinced they won't get their metal back. That is where we are today. The backwardation threshold that has been crossed means physical Silver cannot begged or borrowed. The silver market simply will not clear at this low of a price. Until Market price adjusts considerably higher - backwardation will continue - with or without producer hedging.
Exactly. If things were fine and dandy, owners of silver would take advantage of the free money being provided to them by hedgers. But they aren't.
Who turns down free money? Someone who smells a scam. And let me tell you, it stinks.
Bullshit. There is simply just not enough inversion in the curve to justify it.
The invesion from the Spot to the July contract is only 3 or 4 cents... Factor in transaction cots, and you earn almost zero return on the trade by arbing the backwardation for six months.
December 2015 inversion is not much better... currently around a dollar for over 4.5 years!
The carrot is simply just not big enough to get people to care.
Meth Boy = Douche Bag
3% free money isn't enough? Or do you think silver securely stores itself?
Are you retarded or something?
A 3% return over 4.5 years doesn't cover the silver lease rate.
There is no arbitrage. You guys are very mistaken.
In order for the arb to work, you need to be able to lease silver, sell it in the market, and enter in to a futures contract at a low enough cost to cover the lease. Go look at silver lease rates. It doesn't work.
So it goes to $18 and dollar cost average I'm still in the green. Jobs? 23% unemployed. Banks? Mark to Market is dead (aside from Gold soon??). Stocks? More like the crock market!
So Meth Pipe, if you are correct and everything is all sunshine rainbows and unicorns, why would this be negative? Fuck!! If the economy gets better and people can earn a real interest return on savings, perhaps there will be some FUCKING JOBS to earn a living again. You know, jobs where people who aren't Ferrari driving, doosch nozzle, Regurgitative, ego maniacal, pisswad, fucking WANKERS can get?
Fucking Meth-ed out Bernanke dick sucking asshat! Fuck your couch!
http://www.youtube.com/watch?v=V1dBstAIYtQ
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There --- I just made much more sense than you.
My first out loud giggle reading ZH. Beautiful.
You talk just like my wife. Did you say "Pick up some milk"?
What are you talking about? The physical long will get the spread difference - as you pointed out - but they also get to stop paying storage fees & most importantly they get to use the money for the 6 months. The fact that there is no one willing to take that side of the trade means the jig is up. The bluff is being called. Time to get Ballsdeep
Again, you're not factoring in your costs - the most important being the lease rate.
The inversion needs to exceed the cost of the lease for there to be an arb.
It doesn't, so there is NO arb, and we remain in slight backwardation, driven by producer hedging.
If the producer hedging inverts the curve enough, arbs will come in, lease silver, sell it on the market and enter into a futures contract to buy it back lower. But only if the backwardation is greater than the lease rate.
What costs? The only costs are the ones the longs will be saving by not having to pay storage. The inversion does not need to exceed anything - the mere fact it is inverted means there are NO Physical longs willing to accept free money. That is the important point to take away - not how much its inverted.
Secondly, there are no arbs to come in - only physical Longs can solve the backwardation - but it will be at much higher prices.
Last but certainly not least, every producer on the planet could sell forward their production & it still would not force the market into backwardation. It is the low paper SPOT price coupled with the tightness in the physical market causing the holders of physical to go into hiding (backwardation). Wakeup mathman...
You just don't get it. There is an opportunity cost of NOT leasing your silver for a long.
Leasing silver is more profitable than arbing the backwardation, hence backwardation remains.
Wrong again sir, the fact that there is backwardation means by definition the lease rates are GREATER than the current market rates for money. Yet still nobody hits the bid. The reason is simple - the physical longs know they will not get their silver back. It is their opinion (the longs) that matters - because they have the goods. They have spoken - and found all you paper bugs wanting. So they are calling your bets.
If what you say is true about longs leasing out silver is true - where are they? They are being offered ABOVE market lease rates, a discounted replacement price, a free run with someone elses cash, and no more paying storage costs - and yet nobody wants that trade!!
And Meth Man spirals toward the ground, fuselage riddled with bullet holes and trailing smoke ....
Bet you're wishing you had that golden (or silver) parachute now.
Not true again. It is basically a one or the other trade with your long silver.
You can either you lease your Silver and collect the lease fee and not pay storage costs,
or you sell your Silver and on the spot market, and contract to have it back in the future at a lower cost (and not pay storage fees) and earn the risk free return.
The long holder does which ever has a higher return. He can't do both.
You are finally right about something - the long cant do both, but he can do neither. He can hold and enjoy the capital gains :) - which is happening on a grand scale because the house that paper built (comex) is blowing away. Soon there will be two types of people in the world - those who are long physical and the rest of you saps.
so you claim that backwardation is a result of banks shorting the futures contracts, having bought forward production as a result of miner hedging. This is a theory that would tend to fit the facts.
Now, the critical question: do you have any evidence to support your supposition? There is another theory that fits the facts and that is that present demand is very high, consequently, there are a lot of participants trying to secure silver for present demand, which would also explain backwardation. There is some evidence to support this hypothesis. Now, where is yours?
There was an FT article a week ago detailing the increase in Silver hedges by producers.
http://www.ft.com/cms/s/0/af6a0ca8-386c-11e0-959c-00144feabdc0,s01=1.htm...
Math man, did you start this life 10 minutes ago? Producer hedging (in any amount) or the lack of it has no bearing on on the fact silver futures are in backwardation. None what-so-ever you ignorant F**k. Silver futures are in backwardation because there is no physical available (in size) regardless of the carrots dangled by paper wannabe's.
I love feeding the trolls...but they always run away.
Fresnillo's Lomelin InterviewJaime Lomelin Guillen, chief executive officer of Fresnillo Plc apparently disagrees with you about hedging saying they have no plans to. But then again he is only the CEO of the largest silver producer in Mexico what would he know?
"Our investors do not want us to hedge."
"No, no we are not considering, we have not hedged in the past and we're not considering to hedge."
Also there is a rumor that Carlos Slim is looking to buy Fresnillo he addresses that too.
http://www.bloomberg.com/video/67161126/
ok, here's a hint on how to be more outlandish.
read the posts of hamy wanger, unless you are hamy wanger. hamy's got the idea of being a retard down to a science. hamy even makes posts asking for help from you and johnny bravo.
remember, immitation is a form of flattery.
and always remember to contradict yourself like robottrader does. that will fire us up even more. so always change the price silver will drop to, and the date, just as did the puppet senator (strings pulled by his commy wife) in manchurian candidate.
you're welcome in advance.
were u dropped on your head alot as a baby ?
Eating this stuff is still a bad idea, right?
ok to eat, but everything within reason
remember to chew....
Unless you want to turn blue.
I hear CODEX wants to outlaw colloidal silver. So you better eat it now or else get a little 9 volt battery and some silvere and steel wires.
Johny Bravo here...........hahaha only kidding.
Don't sell YET. This move has nothing whatsoever to do with normal logic.
The 20th of March onwards to end March is going to worth waiting for.
seems to go to highs around the first of month
Delivery Period
The first delivery day is the first business day of the delivery month; the last delivery day is the last business day of the delivery month.
you're 50% right. click on this monthly
http://www.goldprice.org/live-gold-price.html
I thought it went to new highs whenever The Bernank spoke.
Could be that the fund managers that have bid up equities at the first of the month are now bidding up PM instead?
Trading Places:
"Looking good Billy Ray!" "...Looking good Louis!"
As Turd F. says, this is happy Tuesday. The EE will not attack until tomorrow. Turd is usually right.
He's right a Helluva lot more often than he is wrong. He also seems to have a gift for figuring out the difference between EE manipulation vs. normal market activity.
thanks
You sleep tight when the GoldBug bites.
It's all figured in.
Do not sell until you see the whites of Volcker's eyes.
I was going to sell when Snooke started to talk about silver.
Apmex raised their Silver Eagle premium to $3.29 over spot. Tightness?
The physical silver markets?
Sure - as a frog's ass
That would imply tightening supply of Silver Eagles from the US Mint. I would not be surprised to see another record sale month for Silver Eagles or the inability of the US Mint to acquire Silver to make that possible.
According to the US Mint production of Silver Eagles continues to be suspended because of 'unprecedented demand.' I'd be leaning more toward them rationing Eagles in preperation for a new monetary standard...
http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?catalogId=10001&storeId=10001&categoryId=13738&langId=-1&parent_category_rn=10191&top_category=10191
The squeeze is on. Very fun to watch.
Hey RobotTrader - how about a couple boner charts from the silver juniors? Or even GPL, CDE, and AG...?
Lets see more boner charts!!!
Don't let us down....
Methinks he's hanging by the neck in his closet.
If we're lucky, he and Leo went out in a mutual lover's pact.
Ok, today I went to the nearest coin guy and he is selling engelhard prospector rounds for $36.50. Is this a decent type of round to buy and is that price in the realm of what people are seeing as premiums?
Thanks for any info.
Jaacyn
Yes. The premium is not out of line. I buy 1 oz and ten oz bars and the premium is only 95 cents an oz.
The Engelhard Prospectors have a higher premium because of rarity and demand. People love the idea of prospecting for precious metals I guess.
I'm shocked you can find anyone selling Silver other than on-line dealers. All the Pawn and Coin shops in my area have stopped selling Silver anything. They are buying and hoarding. One coin shop owner said he's not selling till after the price explosion.
That just goes to show how completely and utterly retarded this rally is.
Just like tulips, internet stocks, and houses, everybody's buying and holding because they think it's going to keep going up.
They're waiting for the 'price explosion', but ignoring the fact that it already happened!
$18 to $34! Duh? It already exploded. This is the TOP.
Most are just too stupid to realize it and will be left holding the bag when silver moves back to $18.
Funny you should say that, as there have been plenty of other price explosions in silver of similar magnitude, yet here we are, still in a bull market.
I wonder if your hand hurts from continually trying to catch falling knives?
tmosley
"I wonder if your hand hurts from continually trying to catch falling knives?"
Or from spanking your monkey for being so bad.
I think this Mouth Man's IQ must drop every time he takes a shit, because that is clearly all he has in his head.
Got a nice chuckle from the mental image on that one.
Meth Boy = Louzer
So it goes to $18 and dollar cost average I'm still in the green. Jobs? 23% unemployed. Banks? Mark to Market is dead (aside from Gold soon??). Stocks? More like the crock market!
So Meth Pipe, if you are correct and everything is all sunshine rainbows and unicorns, why would this be negative? Fuck!! If the economy gets better and people can earn a real interest return on savings, perhaps there will be some FUCKING JOBS to earn a living again. You know, jobs where people who aren't Ferrari driving, doosch nozzle, Regurgitative, ego maniacal, pisswad, fucking WANKERS can get?
Fucking Meth-ed out Bernanke dick sucking asshat! Fuck your couch!
http://www.youtube.com/watch?v=V1dBstAIYtQ
Pawn shops are usually speculating on their inventories. If your coin shops have stopped selling because they are waiting for a better price, I wouldn't shop there, as speculative shops are forced to have larger spreads due to the risk they take on. Better to go to a shop that is hedged. Those guys won't pull the silver just because the price is moving. They might get wiped out by a big buyer, though.
Sure you can; as in real property rights, it be location. The precious alert has not hit the common, middling or gentry like it's cousin gold has. For example I still buy bags of sorted halves from the bank sorting machine weekly or when the manager calls me up when it's full. Last bag; I fished 7- 64's and 13- 65-69. Scoped the teller change and bought another 4 quarters and two dimes. Three weeks ago this fellow walks into a grocery store and starts dumping a shit load of dimes into one of those coin machines and it did not take them; all mad and shit he goes to the customer service; well they don't want a shit load of dimes either so back to the machine he goes to call the coin machine company; that is where I caught on to what was going on. It appears his dad died and they were cleaning out the house and he wanted to convert the junk to frn's; after explaining the coins highest and best use including ebay, pawn or coin shops we agreed on a price of 16x face. Seller happy he had $4,800 vs $300-charges from the coin conversion machine. Just wished the bloke hadn't cracked most of the original rolls!!!!!!!!!!
You can do better than that! Check the pawns for the 77-80 .925 1ozt .999 mestizo scales/press. The 77-80 100 pesos is also a great bullion at .720. Hell you can pick up war nickels for less than spot.
I just sold CAT, the last of my "economic recovery" stocks today for a tidy profit, but where to go from here? Energy? Buy a silver-plated shotgun? Withdraw my contributions and make a fort out of Benny Bucks? Where does one flee for safety when your normal safe haven is on a rocket to the moon?
There is nothing quite like rubbing silver on my nuts. I have polished it to an incredible Sheen. Bubble up bitchez. http://www.youtube.com/watch?v=Ez24yjqRGLs
I use Bullion Direct and I noticed quite a few types of gold that have no sell offers on Nucleo Exchange. The BD members are a lot less willing to part with their gold for any price. Very interesting.
Slip 'em some of that wormwood liqueur of yours, that'll 'Mickey Finn' em.
After lunch mini bang then the close; for you peoples in the paper pimping ponzi of the precious to make profit; and stinky gold too!
Silver needs to be at $97 today to get in harmony with gold. You can argue with Sir Isaac Newton if you don't like the logic. After it sings in harmony with gold it will start to sing accapella since the fundementals on silver have changed so much in it's favor over the past few hundred years. I'm not even figuring in hyperinflation of the USD with these numbers. That's a whole other can of worms.
I will be converting 4000 worth of silver to a Triumph Rocket III motorcycle in about a month. Happy days.
Loved my BSA 650 in the 60's.... Then this car pulled out right in front of me. She said she did not see me. Twenty years later I almost did the same thing! One's mind is just not looking for a bike, so we don't see them. But I sure did have fun, and they were so great for picking up girls. Just tap the rear seat and point at the girl (no BS required). Sure glad that bike could not talk.
I just did the opposite- turned a Roadking into silver.
now I have money, will there be any F DIP to buy?
I am not looking for a dip. I am just buying. Just buy before the Chairsatan speaks. Since we know he cannot stop printing- we know what he will say. He is like the fucking pied piper of PM. Bet me he's got a nice stash.
The hot hedge fund money is flowing into silver because they smell blood. If enough of them stand for delivery, the game is up. Everyone thinks this is Blythe at JP Morgan and HSBC, but when the truth (if ever) comes out as to who is doing the naked shorts and one layer behind them is who's paying them to do it or acting as a gov. agent or for the Federal Reserve?
Physical Silver rules at Goldmoney.com. Get your stuff out of the USA.
Don't forget the Chinese buying back with Bennie Bux.
Complete ownership of the metal you buy
With GoldMoney you hold and own the allocated metal in your name, in contrast to ETFs and certificates. We always maintain a one-to-one ratio of metal in the vault and our database.
Find out more about 100% Metal Ownership >
---------------------------------------------
if i'm not holding it in my hands, i don't own it.
the trolls are buying tungsten
Silver and gold orders on the floor of comex UNDER the market outnumber orders ABOVE the market 100:1. In other words many more sell stops than buy stops or sell limits. Markets always "go to the paper". In other words a very big sell-off is imminent.
You should learn how to format your posts.
Go all in on that one and tell us how it turns out.
But first, define "very big". Since you are so full of shit, we could have a single tick down and you claim that you were correct, even as we see silver breach $50.
Popcorn anyone?
I'm right there with you gold & silver bulls...but after watching this thing daily for 8 years:
expect a devastating correction at this time of year. :)
Could it be different this time due to the short squeeze & busting the Crimex? Of course it could. Don't ass-u-me though.
I wouldn't be surprised to see a correction this summer, but ... well, BTFD, of course.
Silver could suffer the same 10% opening sell-off as did sugar today. $3.50 lower on opening. AT 30....AT 29.00.
Cogradulations to all ZHers. Gold just hit all time new high.
1432.60 @14:37:00
I love the smell of currency implosion. Happy Days.
Aside from your idiotic comments red barron...I hope there is a huge drop in metals prices. Where is the US Hedge Fund, JP Morgan, when you need them. If prices go down, I will be adding to positions. The FG macro view. http://thecivillibertarian.blogspot.com/2011/03/silver-just-btfd-or-just...