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Premarket Summary: Inflationary Hysteria

Tyler Durden's picture


One word (well technically two) can describe what is going on in the electronic pre-market arena right now: inflationary hysteria. Gold is at a new record, wheat is surging, corn is at highest since 2008, crude at a new 30 month high, silver is at $41.10 - a new fresh post Hunt high, beans surging, etc, etc, etc. Essentially everything is bid, following news first reported on Zero Hedge that PIMCO is betting the farm that either inflation is about to go parabolic and force bondholders to dump everything, or that the Fed will have no choice but to pursue another round of QE, sending gold to $2,000 and unleashing the Weimar endgame.








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Sun, 04/10/2011 - 19:45 | 1155973 Global Hunter
Global Hunter's picture

You say this is a fad but agree the endgame is coming?

Sun, 04/10/2011 - 19:55 | 1156026 Ahmeexnal
Ahmeexnal's picture

Endgame is near.

Anyone who resists will be lobotomized:

Sun, 04/10/2011 - 21:33 | 1156318 Thomas
Thomas's picture

One could argue there is no endgame but rather a continuous change, grasshopper.

Sun, 04/10/2011 - 21:53 | 1156398 NOTW777
NOTW777's picture

If you want the endgame - read Revelations - its been available for 1000s of years

Sun, 04/10/2011 - 21:55 | 1156415 mtomato2
mtomato2's picture

It's Revelation. Just one.

Sun, 04/10/2011 - 22:29 | 1156488 Mr Lennon Hendrix
Sun, 04/10/2011 - 23:21 | 1156638 egdeh orez
egdeh orez's picture

"either inflation is about to go parabolic and force bondholders to dump everything, or that the Fed will have no choice but to pursue another round of QE, sending gold to $2,000 and unleashing the Weimar endgame"

Hey Tyler,

I don't understand was parabolic inflation and andother round of QE has to be mutually exclusive?

Sun, 04/10/2011 - 23:42 | 1156681 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Inflation is a rude metric.  So to answer your question, 'What's so civil about war, anyway?'

Sun, 04/10/2011 - 23:48 | 1156695 wisefool
wisefool's picture

What is so shiny about gold?

Then there is this radical called Jesus.

Mon, 04/11/2011 - 00:23 | 1156756 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Look at your young men fighting
Look at your women crying
Look at your young men dying
The way they've always done before

Look at the hate we're breeding
Look at the fear we're feeding
Look at the lives we're leading
The way we've always done before

My hands are tied
The billions shift from side to side
And the wars go on with brainwashed pride
For the love of God and our human rights
And all these things are swept aside
By bloody hands time can't deny
And are washed away by your genocide
And history hides the lies of our civil wars

D'you wear a black armband
When they shot the man
Who said "Peace could last forever"
And in my first memories
They shot Kennedy
I went numb when I learned to see
So I never fell for Vietnam
We got the wall of D.C. to remind us all
That you can't trust freedom
When it's not in your hands
When everybody's fightin'
For their promised land

I don't need your civil war
It feeds the rich while it buries the poor
Your power hungry sellin' soldiers
In a human grocery store
Ain't that fresh
I don't need your civil war

Look at the shoes your filling
Look at the blood we're spilling
Look at the world we're killing
The way we've always done before
Look in the doubt we've wallowed
Look at the leaders we've followed
Look at the lies we've swallowed
And I don't want to hear no more

My hands are tied
For all I've seen has changed my mind
But still the wars go on as the years go by
With no love of God or human rights
'Cause all these dreams are swept aside
By bloody hands of the hypnotized
Who carry the cross of homicide
And history bears the scars of our civil wars

"We practice selective annihilation of mayors
And government officials
For example to create a vacuum
Then we fill that vacuum
As popular war advances
Peace is closer" **

I don't need your civil war
It feeds the rich while it buries the poor
Your power hungry sellin' soldiers
In a human grocery store
Ain't that fresh
And I don't need your civil war
I don't need your civil war
I don't need your civil war
Your power hungry sellin' soldiers
In a human grocery store
Ain't that fresh
I don't need your civil war
I don't need one more war

I don't need one more war
Whaz so civil 'bout war anyway

Mon, 04/11/2011 - 00:53 | 1156811 wisefool
wisefool's picture

Fanastic poetry. But aslong as 74 year old men need viagra, and as long as people need to affirm that skooky's boyfriend is the real Deal all LAS majors can justify the 101 stuff.

With 100 billion spent to save 38 Billion.

That's just how the old/breeders roll.


Mon, 04/11/2011 - 05:04 | 1156975 Haywood Jablowme
Haywood Jablowme's picture




2 SEPARATE 7.1 QUAKES IN JAPAN.  4/11/11.  Another tsunami warning apparently (un-confirmed).  10 AND 13 KM IN DEPTH.

2012 baby.  2012...



...and to top it off, they decide again to:

"Japan Broadens Nuclear Evacuation Zone" --> via WSJ

Mon, 04/11/2011 - 07:10 | 1157072 Pondmaster
Pondmaster's picture

"And you tell me over and over and over again my friend . You don't believe we're on the eve of destruction "

Barry McGuire - Eve of Destruction
Mon, 04/11/2011 - 02:59 | 1156926 slewie the pi-rat
slewie the pi-rat's picture



ok, L_Hendrix, we understand!  "Inflation is a rude metric.  So to answer your question, 'What's so civil about war, anyway?'"

you're already getting ready for the gunsnroses cutnpaste, here, right?

pardon us if we only golf-clap for you, ok?

Mon, 04/11/2011 - 04:37 | 1156977 i-dog
i-dog's picture

Perchance you may have missed the </sarc> or </irony> or </oxymoron> tag/s on his post? (or maybe I read it wrong ... just sayin' ... as they say).

Mon, 04/11/2011 - 06:41 | 1157047 slewie the pi-rat
slewie the pi-rat's picture



don't think so asshole!  why don't you just cutnpaste L Hendrix's sark/irony/oxy tags for us, douchebag_dogfuk? 

the guy went w/ a short gnroses quote, then pasted the whole song.  if you're trying to say the song, itself is sarcastic/ironic/oxymoronic, why doncha just fuking say so, asswipe?  b/c he didn't go there?  and the song isn't really put here in that vein?  or can you even understand me, seeing how you barely know yer own shiforbrained thoughts, here?

Mon, 04/11/2011 - 07:14 | 1157079 i-dog
i-dog's picture

"can you even understand me"

Often not. So, game on, muthafucka!

Sun, 04/10/2011 - 21:58 | 1156422 tmosley
tmosley's picture

That was the Roman endgame.  666 was code for Nero.  Already passed.

Our own endgame has been prophesied, but not by a drug addled cave dweller.  Rather, an American Hero, Irwin Schiff, prophesied what would come to pass in his "How an Economy Grows, and Why it Doesn't".

Sun, 04/10/2011 - 22:39 | 1156533 nonclaim
nonclaim's picture

You have to read it more like "end cycle" and there are many cycles going on at the same time at different stages of maturity. The true end is not for us to know.

Sun, 04/10/2011 - 22:56 | 1156584 Spitzer
Spitzer's picture

fuck that cycle shit.

What would all of your cycle theory look like if Paul Volcker was re-appointed in 2001 ?

Sun, 04/10/2011 - 23:38 | 1156670 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Damn it Spitz, what is that supposed to mean?  Rates would have been raised?  See if I care.  Rates go up, gold goes with them.  Is that your point?

Mon, 04/11/2011 - 01:33 | 1156856 wisefool
wisefool's picture

Married Men Spend more Time watching porn than haveing sex with thier wifes?

A generation of SEC agents worship Elliot Spitser.

The previous generation worships Buffet/Hefner?

Hillary is incharge of MENSA?

If any of you douche bags bring shiny metals to me instead of  a fruit ... we'll talk about how they administered I.Q tests in the 1960s ... and you will leave with some purchased copies of 2001, Star Wars, Indiana Jones and Doctor Threes company.

Mon, 04/11/2011 - 02:46 | 1156918 supernickel
supernickel's picture

Have you heard about Charles Nenner? He does "cycle work".

Sun, 04/10/2011 - 23:23 | 1156642 disabledvet
disabledvet's picture

i don't know what's worse. not knowing the ending...or knowing.  i mean "we all know" if you...."know" what i mean.  you know "the End."  Unless of course it's Hollywood--in which case "the End is just another reason to belly up to the popcorn bar" and in that sense "is good." But i digest....

Mon, 04/11/2011 - 02:46 | 1156917 supernickel
supernickel's picture

Well, Sandeep Shah of Sampriti Capital does not agree with you. Brace yourself!

Mon, 04/11/2011 - 04:31 | 1156972 PY-129-20
PY-129-20's picture

Your mistake is to believe that the game ended with Nero, but at that time it just started. It was the end of the gens claudii but not of Rome. Rome died fiscally about two hundred years later when the empire was on the brink of collapse. That was one part of the story:

- too much instability (and the seed of that instability was already in place when Tiberius was emperor (btw: I find Tiberius very fascinating) and allowed Seianus to resettle the Praetorian Guard within the borders of Rome. Tiberius was fiscally very disciplined and Caligula (his madness is today discussed by scholars, but I find him one of the most disturbing characters of the Roman empire. He was definitely more mad than Nero.), who became emperor after his death, was on a spending spree.

Have you ever seen a sweet Aureus? Unfortunately, so far I've only found Roman As (bronze/copper coins)

For me, and this is of course a personal view, the end of the empire started with Pertinax death and it took about three centuries to from there to end the West Roman Empire. Pertinax death was a precursor of what would happen in the entire third century AD.

- failure in diplomacy and immigration
- a lost fiscal discipline

I must add that I don't find Nero as bad as most people did and still do. Did he burn Rome? Well, it is disputed and I agree with Massimo Fini's defense of Nero on most arguments. Fiscally, the third century was more turbulent and they inflated the system when they reduced the quality of the coins. Some say that Diocletian and Constantine stopped the whole process, but at that point the old Roman empire already had died (when they broke it in parts).

Sun, 04/10/2011 - 22:08 | 1156457 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

Yeah, Jesus is coming to rescue the economy! Hallelujah! </sarc off.>

Sun, 04/10/2011 - 22:51 | 1156570 ZeroAffect
ZeroAffect's picture

No need for ET help when we have Benny and Timmy running the show with the blessings of The One! We only need a little more HOPE... along with some more whiskey and Vodka.

Sun, 04/10/2011 - 23:18 | 1156633 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

If I got whiskey fuck vodka.

Sun, 04/10/2011 - 23:54 | 1156710 Sedaeng
Sedaeng's picture

+41.500 (silver)

vodka is where its at... tons of dry food and bottles and bottles of vodka :)

Mon, 04/11/2011 - 00:06 | 1156725 cossack55
cossack55's picture

Buy Icelandic vodka. Crash JPM!

Mon, 04/11/2011 - 07:12 | 1157074 johnQpublic
johnQpublic's picture

buy Patron silver and crash....... your car..

Sun, 04/10/2011 - 23:45 | 1156684 sagefool
sagefool's picture

No. He really could care less about the economy. Being the Son of God/Omniscient kind of keeps you from worrying about the future.

In the end, everyone will be throwing their gold and silver in the streets. That kind of messes with your head a bit. 

Sun, 04/10/2011 - 23:58 | 1156718 Glass Steagall
Glass Steagall's picture

Totally agree. I even wonder why anyone is gonna want to survive this – seems a dignified exit strategy from this final act may seem like a more honorable approach.

"In the world I see – you're stalking elk through the damp canyon forests around the ruins of Rockefeller Center. You will wear leather clothes that last you the rest of your life. You will climb the wrist thick kudzu vines that wrap the Sears Tower. You will see tiny figures pounding corn and laying strips of venison on the empty car pool lane of an abandoned superhighway."

Don’t think it’s gonna go that way, Chuck. I suspect radioactive bears are gonna eat the last of our kind after we have run outta ammo and silver bars to throw at them.

Mon, 04/11/2011 - 00:48 | 1156799 Rusty Shorts
Rusty Shorts's picture

can you skin grizz?


- in the entire history of "man", he (cousin it) has indulged in only 4 Economies;

1) hunter gatherer

2) ag

3) manufacturing

4) service


- the 5th economy will be starvation


Food Bitchez

Mon, 04/11/2011 - 00:52 | 1156808 Glass Steagall
Glass Steagall's picture

can you skin grizz?

Props, Rusty. Love your posts.

Mon, 04/11/2011 - 02:13 | 1156889 Bananamerican
Bananamerican's picture

sheeit, is he name checkin Jeremiah Johnson for the oldtimers?

Mon, 04/11/2011 - 10:37 | 1157663 SWRichmond
SWRichmond's picture

We need the markets to clear.  It will be shockingly painful, but not endless.  This ZH piece also bears reading.  The economy can function if it is allowed to use facts as a basis.  The politicians are under orders from the banksters to not allow this clearing to happen, as the banksters do not wish to take losses.  The problem with the economy is a political one.

Mon, 04/11/2011 - 06:52 | 1157051 Blindweb
Blindweb's picture

A horticulturalist society is likely the future for many parts of the world.  Permaculture is the very begining.  See John Michael Greer - The Ecotechnic Future.  Will billions starve during the transition? Probably.

Sun, 04/10/2011 - 22:10 | 1156467 slobbermut
slobbermut's picture

Amen Brother....let not your heart be troubled.

Sun, 04/10/2011 - 23:04 | 1156597 savagegoose
savagegoose's picture

i prefer


where the gods die. fucken trouble makers

Mon, 04/11/2011 - 00:07 | 1156733 TruthInSunshine
TruthInSunshine's picture

All the world is a crime scene.

Commodity speculators are LITERALLY hiding mountains of commodities as they run prices up to profit before the commodities plumment in price.

In the meantime, they've killed and are killing the world economy.

If we didn't have a joke for regulation, this great heist would not be allowed.

Sunday, April 10, 2011

Softer Commodity Prices?

by CalculatedRisk on 4/10/2011 08:19:00 PM

A couple of articles:
From the WSJ: Warning Signs for Copper Market (ht Brian)

Copper prices have almost quadrupled after a two-year rally ... evidence has recently surfaced of previously unreported copper stockpiles, a sign that much of the purchased copper hasn't been put to use.

Mon, 04/11/2011 - 00:27 | 1156762 Mr Lennon Hendrix
Mr Lennon Hendrix's picture


Sure, but the dollar is a are we going to use as a metric?

Mon, 04/11/2011 - 01:13 | 1156830 TruthInSunshine
TruthInSunshine's picture

Anything that has inherent value AND is truly in demand because it's absolutely needed now, not because of speculation.

Buying and hiding copper, or worse yet, rolling over oil on contract (when no physical delivery need take place and there's no more storage capacity), is purely price distortion and bubble creation (pop will go those bubbles) as a result of the criminality of The Bernank.

Mon, 04/11/2011 - 02:08 | 1156886 FreedomGuy
FreedomGuy's picture

It's also a good strategy if you expect very high inflation in the future. You stock up now while the money is still worth something and can buy more goods.

Mon, 04/11/2011 - 02:23 | 1156900 bothsidesnow
bothsidesnow's picture

Gee I do believe that is what China is doing with it's + 2 trillion in FRN's. Smart folks those Chinese been playing this civilization game a lot longer than the US.

China's Trade Deficit Signals More Inflation Ahead

Mon, 04/11/2011 - 08:21 | 1157193 Mad Cow
Mad Cow's picture

The People's Republic of China began in 1949 so it's quite a bit younger than the US. Or were you being sarcastic? Or racist maybe?

Mon, 04/11/2011 - 03:22 | 1156933 Bananamerican
Bananamerican's picture

i was thinking that....specs AND inflation expectation hoarding beginning...

I'M doing that myself...don't think i'm alone...

Mon, 04/11/2011 - 02:49 | 1156922 i-dog
i-dog's picture

I think you'll find that Blythe has her spindly hands grasping all the copper.

Mon, 04/11/2011 - 02:51 | 1156919 A Man without Q...
A Man without Qualities's picture

The copper run up has been so strange over the last year or so.  Clearly it was massively undervalued in 2009, but the appreciation has been incredibly uniform and the corrections have been very shallow.  China tightening has had no effect (in fact, more often causes rises.)  The evidence is of Chinese speculators using copper for cheap financing as conventional credit sources dry up.

However, what should we or anyone do?  Are we supposed to sit their quietly in cash, watching our wealth get slowly eroded away?  Are speculators the cause or the effect of the abandonment of sound money?  Governments say we can't let defaults happen, we can't cut entitlements or spending, we can't raise taxes, so there is more money thrown in all the time - what should we do, but try to find something that the grand planners cannot dilute?

Mon, 04/11/2011 - 06:38 | 1157045 Urban Redneck
Urban Redneck's picture

Speculators don't have the infrastructure for hiding mountains of commodities.  Producers do have the infrastructure, and tend to stockpile when they think they can get a significantly better price for their goods in the future.  Some Consumers also have the infrastructure, and tend stockpile when they have excess liquidity in the present, an identified future need, and a belief that the increase in the future price exceeds the carrying cost.  The Speculators are just magnifying the $ impact that of the behavior they are witnessing by the producers and consumers.  Since, after whoring and waring, the grain trade is the world's oldest profession, one ignores the signs at his or peril. 

Sun, 04/10/2011 - 22:59 | 1156590 PiratePiggy
PiratePiggy's picture

Risk wax on. grasshopper. Risk wax off.

Sun, 04/10/2011 - 21:53 | 1156396 defender
defender's picture

hmmmm.... sounds eerily familiar to another president that I know of....

(sadly no one has put the section of the movie that I am refering to on teh intarwebs in a convenient sized clip, so you will have to go to 2:58 here: )

Sun, 04/10/2011 - 22:01 | 1156440 DeadFred
DeadFred's picture

Shoddy workmanship.  Usually the mind control probes are inserted much better than this. (sarc.)

Sun, 04/10/2011 - 20:52 | 1156213 bankrupt JPM bu...
bankrupt JPM buy silver's picture

move along, silver/gold bubble territory now, sell sell sell, nothign to see here

Sun, 04/10/2011 - 21:16 | 1156281 mrgneiss
mrgneiss's picture

If Bill Gross is such a genius why doesn't he have a position in gold or silver?  Are his funds banned from owning those kinds of commodities/funds/stocks?  Not a troll, just curious.........

Sun, 04/10/2011 - 21:45 | 1156339 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Fair enough.... If Gross put his monie where his mouth is, he would destroy the financial market. You see, the precious metal market, it is the smallest one. Even the smallest move into it would set it off. The Financiers could not have that, or the global fiat ponzi go kaput.

Sun, 04/10/2011 - 21:41 | 1156357 Blank Reg
Blank Reg's picture

Yea, I'm right there with you. Where else is he going to put his muny these days? Just curious, but what would that much money do to the PM markets. $22 bil is all the above ground silver. (that's what I heard) Does he simple have too much money for the PM markets to take? (Hep me out here, I'm kinda stupid)

Sun, 04/10/2011 - 21:44 | 1156370 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

He could buy Chilean ETFs?

Sun, 04/10/2011 - 22:05 | 1156449 TBT or not TBT
TBT or not TBT's picture

Or go triple long and triple short on treasuries using ETFs, in equal amounts.  

Sun, 04/10/2011 - 22:26 | 1156500 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Genius Bernanke and his PPT are doing that.  Equilibrium and what not, you know.

Sun, 04/10/2011 - 22:24 | 1156501 cpnscarlet
cpnscarlet's picture


I was wondering where the hell you went. How's Dom? Say "Hallo" to Edison for me. Go BIG TIME TV!

Sun, 04/10/2011 - 23:00 | 1156593 PulauHantu29
PulauHantu29's picture

Bill Gross equity fund has its largest USA holding in...GLD.

Mon, 04/11/2011 - 03:07 | 1156930 slewie the pi-rat
slewie the pi-rat's picture

source/link pls?  hopefully, you're right!  be ok w/ slewie!  nice change, too!  post it and i'll read it, k?

Mon, 04/11/2011 - 04:19 | 1156963 ZeroPower
ZeroPower's picture

Just search it on here, a bunch of 13Fs were posted a couple of times end of last yr i believe.

Mon, 04/11/2011 - 06:56 | 1157059 slewie the pi-rat
slewie the pi-rat's picture


mind yer own business, fukface!  you got evidence that gross is bigtime longlonglong GLD put it up or go troll yer passive-aggressive cunt elsewhere, douchebag! 

i'm just asking a known troll to either stop the B.S. or prove what is being said.  you really wanna just play pattycake, i'll wipe the fukin floor with you and you fuking know it, asswipe.

again, if you can prove gross is longlonglong GLD, i'd be more than grateful for the info.  why don't you just prove it, ok?  it's not MY trip, ok?  i'm just asking the other asswipe troll to prove the assertion.  nothing more, nothing less.  fuk you both for even showing up here!  asswipes!

Sun, 04/10/2011 - 21:39 | 1156347 TwoShortPlanks
TwoShortPlanks's picture

Less than one third of one percent (0.3%) of the worlds' population have Gold and/or Silver in any meaningful amount and you're calling 'A Bubble'...LOL.

A bubble is when everyone in your street is a Millionaire because house prices kept climbing for no good reason.

Half the worlds' economies, the so called 'First World Nations', are walking Zombies and you're calling a 'Sell'...LOL.

Dude, get this absolutely straight, this is just he start of the biggest Bull Market in economic history.

Unless of course you're taking the piss...and I apologies for being so short sighted!



Sun, 04/10/2011 - 22:17 | 1156484 Stuck on Zero
Stuck on Zero's picture

Gold and silver are not bull markets.  They represent money.  As such one ounce of gold will buy you a quality suit now, in two years and ten years from now.  Maybe a hundred years.  A bull market sends the price of something high enough to make you rich ...  like DotCom stocks taking $10K into $1M in two years.  of course, you could leverage.

Mon, 04/11/2011 - 01:23 | 1156845 TwoShortPlanks
TwoShortPlanks's picture

"Gold and silver are not bull markets" WTF?! Dude, allow me to remind you of of your statement when the panic sets-in. Maybe Bull Market doesn't quite capture the about Bison Stampede?

Mon, 04/11/2011 - 06:59 | 1157063 Silver Alert
Silver Alert's picture

Why does every discussion about the value of gold have to come down to buying suits?!! I could give a rat's patootie about buying bleeping suits. ;-)

Sun, 04/10/2011 - 22:39 | 1156532 Ahmeexnal
Ahmeexnal's picture

Quick question. What would you consider to be the lower limits of a "meaningful amount"?

Sun, 04/10/2011 - 22:43 | 1156550 aphlaque_duck
aphlaque_duck's picture

Whatever the number is, it's best expressed as a percent of assets. I'd be surprised if the average is better than 1%. (?)

Mon, 04/11/2011 - 01:19 | 1156836 TwoShortPlanks
TwoShortPlanks's picture

$50,000 of Gold and/or Silver for ebery $500,000 in assets (house and stuff)...10% hedge!

Mon, 04/11/2011 - 02:27 | 1156902 bothsidesnow
bothsidesnow's picture

Not sure about silver being in a bubble

Silver and Blue Jeans Inflation Correlation

Sun, 04/10/2011 - 22:59 | 1156587 Top_Kill
Top_Kill's picture

For those of you new to the silver story, here is a great video fromn one of the early leaders. Great music too!

Mon, 04/11/2011 - 00:00 | 1156719 Bearster
Bearster's picture

Apparently one is not allowed to say anything at all that contradicts the mob...

Mon, 04/11/2011 - 01:48 | 1156873 Al Gorerhythm
Al Gorerhythm's picture

You can say what ever you please. Just expect to get called out on trolling, bullshit or just plain old disingenuousness.

Mon, 04/11/2011 - 02:34 | 1156908 slewie the pi-rat
slewie the pi-rat's picture

i concur w/ Al_Go, bearster!  ya got something ta say, say it!  we like free speech and Fight Club, too! 

yep, tyler is certainly full 0' himself and preening and prancing to shame the most narcissistic among us here, or anywhere, really.  so fukin what?  if a blind pig finds a coupla acorns is he not completely entitled to them?  i say he is, so dance, tyler, dance...  good 4 you, you moron!

Sun, 04/10/2011 - 19:49 | 1155986 outamyeffinway
outamyeffinway's picture

Hey fuckos, the endgame is a fad, didn't you know. I guess there's more than one. You should all be timing the end game more precisely to save yourselves from peril.


Bearster, suck a dick. Did I type that out loud?

Sun, 04/10/2011 - 19:58 | 1156040 Global Hunter
Global Hunter's picture

Fuckos? I'm with ya man, getting prepared.  

Sun, 04/10/2011 - 19:49 | 1155999 IQ 145
IQ 145's picture

 At an all in price of  6.57/oz. for Silver, I'm not chasing anything, and no I wasn't late; I was early. This has been obvious for a long, long, time. Timing is always mysterious. No one knows how many people will "wake up" next week, or next month; hopefully it will be years away, but it might not be.

Sun, 04/10/2011 - 19:59 | 1156044 tellsometruth
tellsometruth's picture

avg people know nothing I have done enough random market testing... and good work on being early!

Sun, 04/10/2011 - 20:10 | 1156084 Pladizow
Pladizow's picture
IQ 145 - I don't think so, more like IQ 14.5

You make it public knowledge what your cost basis is?

Why the need to brag and make everyone aware of how you allededly have invested?

I would expect this from someone who is trying to convince and not a vetran of PM purchaser!


Sun, 04/10/2011 - 20:14 | 1156099 tmosley
tmosley's picture

I'm not sure that the cost basis matters for anything other than bragging rights.  Mine is around $15, but I have been buying since $8.

The part you should never disclose is your total holdings.  Percentages are fine, but never tell anyone how much you own.

Sun, 04/10/2011 - 20:27 | 1156141 Pladizow
Pladizow's picture

The IRS cares what your cost basis is!

Sun, 04/10/2011 - 20:28 | 1156154 tmosley
tmosley's picture

No, they need both.  As long as you never disclose the amount, the basis doesn't matter.  That is, unless the price goes so high that a single oz triggers a higher bracket.

And even that only matters when you sell, which you shouldn't.  Not for dollars.

Sun, 04/10/2011 - 20:47 | 1156203 Pladizow
Pladizow's picture

Even the bugs will sell their PM's at some point!

Example, Dow:Gold ratio = 1:1, 20% interest rates, a new world reserve currency with gold backing, debt jubilee, etc.....

Not saying any of these will happen, but if they do its time to rotate assets.

Sun, 04/10/2011 - 21:24 | 1156287 Oracle of Kypseli
Oracle of Kypseli's picture

I will sell mine when I am ready to retire and trade in my sailboat for a much larger one.

But for now, expect another atempt for a smackdown. It may be a big one early in the week, but it will also end up being unsuccesful.

Sun, 04/10/2011 - 22:45 | 1156557 DeadFred
DeadFred's picture

This cost basis bragging rights thing is a little strange.  So if yours is smaller than the other guys it's a good thing?  Doesn't seem natural.

Sun, 04/10/2011 - 23:15 | 1156628 Oracle of Kypseli
Oracle of Kypseli's picture

Who's bragging? It's survival

Sun, 04/10/2011 - 21:33 | 1156324 Bastiat
Bastiat's picture

Won't sell mine: exchange for gold, yeah, in stages as the ratio collapses.

Mon, 04/11/2011 - 02:43 | 1156915 slewie the pi-rat
slewie the pi-rat's picture

BINGO!!!  +++, again, sir!  nice!

Sun, 04/10/2011 - 22:21 | 1156490 Stuck on Zero
Stuck on Zero's picture

Don't think of it as selling your PMs.  Think of it as spending your PMs.  Gold is money.  You don't sell money.

Mon, 04/11/2011 - 00:02 | 1156720 Glass Steagall
Glass Steagall's picture


Sun, 04/10/2011 - 23:32 | 1156652 disabledvet
disabledvet's picture

are those new?  and if so "should i read into it some deeper market meaning."  buy low sell high perhaps?  perhaps "bye, bye, ho, ho."  ha! ho.ho, ho, ho.

Sun, 04/10/2011 - 20:50 | 1156208 LowProfile
LowProfile's picture

And even that only matters when you sell, which you shouldn't.  Not for dollars.

...Do tell what for then?

Sun, 04/10/2011 - 20:56 | 1156230 cosmictrainwreck
cosmictrainwreck's picture

the old-timers tell tales of buying a few buildings or a city block for a few ounces, courtesy of Weimar. wild example, but how 'bout an auto for 1 oz? tank of gas of 1964 dime?

Sun, 04/10/2011 - 21:19 | 1156288 SilverRhino
SilverRhino's picture

I'd start spending the Ag then .... and at this rate it wont be long until that starts happening.


Sun, 04/10/2011 - 23:27 | 1156644 Diogenes
Diogenes's picture

In 1964 gas cost 24 cents per gallon and silver was $1.29 an ounce. You could buy a tank of gas for 4 ounces of silver.


Today gas is $4 silver is $40 and you can buy a tank of gas for 2 ounces of silver. How about that?

Sun, 04/10/2011 - 20:58 | 1156231 tmosley
tmosley's picture

Gold, or use as currency to purchase goods and services.  Both are equally good.  Dollars, however, are shit, and should be avoided to the extent possible.  Soon enough, that will be expanded to "whenever possible", and eventually "by all means necessary".

Sun, 04/10/2011 - 22:28 | 1156504 mt paul
mt paul's picture

probably end up selling 

gold for bread...

Sun, 04/10/2011 - 22:44 | 1156524 tmosley
tmosley's picture

I, for one, will sell bread for gold.  I have plenty of raw materials for bread, and an insatiable hunger for gold.

Mon, 04/11/2011 - 04:11 | 1156956 destraht
destraht's picture

What does it matter what kind of prefix comes before "PM purchaser?"

Sun, 04/10/2011 - 19:51 | 1156002 Twindrives
Twindrives's picture

Bearster, aren't you the guy that drives a AMC Pacer?

Sun, 04/10/2011 - 21:15 | 1156284 Rusty Shorts
Sun, 04/10/2011 - 23:33 | 1156655 disabledvet
disabledvet's picture

I thought that was the Gremlin.  What a great name for a car.  "The Gremlin."

Sun, 04/10/2011 - 19:52 | 1156006 Caveman93
Caveman93's picture

We're all sooooo screwed. Fad or not, I'd rather be at least holding something worth a shit when all is said and done other than worthless FRN's. 

Sun, 04/10/2011 - 21:24 | 1156300 SWRichmond
SWRichmond's picture

Wanna know what's really interesting here?  You can't print corn, but you CAN eat it unless some moron burns it first.

Sun, 04/10/2011 - 21:41 | 1156351 Bendromeda Strain
Bendromeda Strain's picture

Veddy interesting - but shtoopid.

I'm sure Arte Johnson's Wolfgang remembers the ultimate can print, can burn, can't eat commodity:

Sun, 04/10/2011 - 22:21 | 1156497 Stuck on Zero
Stuck on Zero's picture

SW.  You wouldn't want to eat the corn they convert into methanol.  It's worse than cattle feed corn.  Full of toxic crap that give you a bad bellyache.  Feed it to your cow and when he gets sick eat the cow.

Sun, 04/10/2011 - 23:49 | 1156697 Stuck on Zero
Stuck on Zero's picture

Great find.  Those are cool.

Mon, 04/11/2011 - 06:57 | 1157060 Urban Redneck
Urban Redneck's picture

Funny thing about corn is that it is replanted each cycle, so the decision to eat or burn it is really that of the farmer not the consumer.  The government steps and artificially modifies the demand curve for different varieties and the market participants all pay the price for inviting the devil in the first place.

Sun, 04/10/2011 - 20:13 | 1156085 sabra1
sabra1's picture

you meant to say it's hours away, and will last for years!

Sun, 04/10/2011 - 20:54 | 1156217 I think I need ...
I think I need to buy a gun's picture

its not years....

Sun, 04/10/2011 - 22:13 | 1156454 cbxer55
cbxer55's picture


There is an endgame in sight fer you my friend. 8 more junks and your post ends. ;-)

Sun, 04/10/2011 - 22:40 | 1156542 supernickel
supernickel's picture

Nice try, TD, to give the impression of "hysteria", when we are just a few pips into the day.

I am a long-term gold bull, but I am going short here. Why? My Cramer Indicator has just flagged that we are going down from here. This indicator never fails me. When Jim is ultra-bullish about something, we are close to the top. Call it one of the market truths, never fails.

Mon, 04/11/2011 - 01:08 | 1156805 tickhound
tickhound's picture

No secret Cramer is a class A dildo.  But even he has some degree of "credibility" to maintain... Albeit microscopically measurable. 

I've never seen so many zher's bearish on metals than now... As if one must become a contrarian to the contrarian.

Don't suffer "paralysis by analysis"... the company we keep here at zh is no indicator of what the "masses" are doing.

The masses have little understanding of what is happening, let alone that something is "wrong."

Faith in paper is being lost.  It is that simple.  Yes, we all knew it would happen.  And yes, we all know it will get worse.

And yes, even Cramer, in all his "wisdom" can't ignore this fact... Whether he admits it in this context or not.

Barron's told me to sell, the printing press has no off button, and my neighbor still thinks I have an interesting coin collection.  I'm still long, deep, and damn good. 

Mon, 04/11/2011 - 02:23 | 1156899 supernickel
supernickel's picture

I agree, but my position coattails well with my hunch that there will be no QE3.

I.e. there will be a significant, albeit temporary, setback for the gold bull.

Sun, 04/10/2011 - 19:38 | 1155957 IEVI
IEVI's picture

Any predictions on when gold hits 1500?

Sun, 04/10/2011 - 19:42 | 1155964 Long-John-Silver
Long-John-Silver's picture

This week. Silver will hit $45 this week and $50 next week.

Sun, 04/10/2011 - 19:47 | 1155977 tmosley
tmosley's picture

Normally I would fade such a statement, but it seems all too likely at this point.

The endgame is near.  I don't say that lightly.  

Sun, 04/10/2011 - 20:25 | 1156138 fuu
fuu's picture

Coming from you that is almost alarmist! =)

Sun, 04/10/2011 - 23:55 | 1156709 Burnbright
Burnbright's picture

I don't, I think we are about a year a way. People will notice gas prices this summer but my friends still ignore everything I say to them so ... a year from now when they have a hard time getting by on the same wages I think I won't have to say anything for them to understand, that or they will blame greedy corporations. 

Mon, 04/11/2011 - 00:09 | 1156735 Glass Steagall
Glass Steagall's picture

I'm with my brother tmos on this with the only exception being that I think we are already in full-flight end game now. Have been since late '06/early '07 and the momentum is only now starting to really excelerate.

Sun, 04/10/2011 - 19:56 | 1156024 ciscokid
ciscokid's picture

You just gave me a boner.

Sun, 04/10/2011 - 20:08 | 1156073 Slartebartfast
Slartebartfast's picture


Sun, 04/10/2011 - 21:37 | 1156330 Thomas
Thomas's picture

You know what they say: "Silver is the poor man's porn."

Sun, 04/10/2011 - 21:20 | 1156294 IEVI
IEVI's picture

Holy crap..silver just hit at 41.475

I think you're right.

Sun, 04/10/2011 - 21:44 | 1156368 Thomas
Thomas's picture

I'm selling when DOW:silver = 1

Sun, 04/10/2011 - 22:04 | 1156444 Hephasteus
Hephasteus's picture


Sun, 04/10/2011 - 22:02 | 1156434 dbTX
dbTX's picture

That will make JPM oh so very happy

Sun, 04/10/2011 - 23:00 | 1156588 DeadFred
DeadFred's picture

At the rate it's rising now $45 is in 24hrs.  Too bad it won't keep that pace for too long.

Sun, 04/10/2011 - 23:55 | 1156713 Burnbright
Burnbright's picture

I bet we get a dip here soon at either right below 42 or 43 followed by a margin hike announcement an hour later. So more than likely by tuesday. 

Mon, 04/11/2011 - 02:12 | 1156891 Hephasteus
Hephasteus's picture

Pace is going to be a problem. As people try to throw inputs into the collective to try to alter it's course to how they want it to go. Pace will become a very big problem. AS I said you will see these people snap and declare thier ownership of every human being on the planet. The attempted slavery through illusion and trickery will get forthright, upfront and full fucking disclosure.

Not a good time to be a mac fanatic or religous fucking nut. You're going to get psychotically broken. The kind that all the kings horses all the kings men don't know how to fix.

As the dollars derivative status to gold and silver get's sliced and diced next week ben will be on a full fledged 24/7 it's only temporary speech fest. So strap in for the return of the perfect storm, weak ass justification, attempted dillution of causation and escape from justice. We slip into another faster moving more vicious drain circle april 17th.

Sun, 04/10/2011 - 19:45 | 1155979 IQ 145
IQ 145's picture

 Friday Afternoon.

Mon, 04/11/2011 - 02:51 | 1156920 supernickel
supernickel's picture

Before it hits $1,550.

Sun, 04/10/2011 - 19:40 | 1155958 teaddy bearish
teaddy bearish's picture

woop woop

i love this economical insanity

Sun, 04/10/2011 - 19:39 | 1155960 AUD
AUD's picture

Why is PIMCO in cash if it expects inflation? I'd have thought it would already be in gold or silver.

Sun, 04/10/2011 - 19:43 | 1155962 tellsometruth
tellsometruth's picture

good question

Sun, 04/10/2011 - 19:45 | 1155968 bania
bania's picture

looking to load up on gold/silver on a big dip

Sun, 04/10/2011 - 19:44 | 1155974 Caveman93
Caveman93's picture

Define "big".

Sun, 04/10/2011 - 23:32 | 1156598 Founders Keeper
Founders Keeper's picture

Silver $22

Gold $1050

But, I wouldn't risk waiting until then. Physical PMs may not be available---or easily available---to buy and deliver at that time.


Foolish to wait for the dip. After the dip, who knows how high PMs will go. But, I'll tell you what numbers I've got in mind:

Silver $100-250

Gold $4500-8000

Unfortunately, at those highs, you'll be thinking more about your stomach than your PMs.


Mon, 04/11/2011 - 00:12 | 1156743 Glass Steagall
Glass Steagall's picture

Unfortunately, at those highs, you'll be thinking more about your stomach than your PMs.

Agreed. But $22 silver? It'll never see $30 again.

Mon, 04/11/2011 - 00:31 | 1156767 Founders Keeper
Founders Keeper's picture

Hi Glass.

In this "market," your guess is as good as mine.

(Why $22 silver? Because that's when JPMorgan and HSBC shorts should have blown up but didn't.)


Mon, 04/11/2011 - 00:46 | 1156794 Glass Steagall
Glass Steagall's picture

I get what ur saying, just been my observation that JPM has come to rely on the Fed to paper over 'their little shortcomings'.. I am of the mind that JPM can shore up their positions until at least $250 an ounce, then all bets are off. But I don't really know anything. I seriously thought we were doomed years ago and now look. Who the fuck really knows, right?

Sun, 04/10/2011 - 19:50 | 1155994 Long-John-Silver
Long-John-Silver's picture

You are looking at the dip.....


Sun, 04/10/2011 - 19:56 | 1156036 ciscokid
ciscokid's picture


Sun, 04/10/2011 - 22:23 | 1156495 Long-John-Silver
Long-John-Silver's picture

Hay junk-boy...When I posted this Silver was $41.86.

It's now $42.29.

Mon, 04/11/2011 - 03:20 | 1156932 slewie the pi-rat
slewie the pi-rat's picture

generally, when we talk silver price, we generally mean spot price, not next futures contract.  spot got sold @ 41.90+ and hasn't yet cleared 42.  why not just go out a few more months on the futures and really make an ass of yerself?

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