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Premarket Summary: Inflationary Hysteria
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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$41.45
Is this what the death of a currency looks like?
Now China UST sell...and Japan, Gross will make a killing as will most hedge funds. markets should go mental now.
Now China UST sell...and Japan ...
Holy shit, you may have just stumbled on what Gross knows (that we don't).
Makes sense given China's tongue-lashing of America's hypocritical human rights report this weekend. Sabre rattling? Or shot over the bow?
Lead will be the only relevant metal if TSHTF.
Live by it, die by it.
USD bids
Just had to re-post this:
by RobotTraderon Sun, 04/10/2011 - 18:22
#1155811
The Cartel appears to have collared silver under $41 for now.
Blythe is flexing her brute force with an infinite supply of paper short tickets.
-------------------
Right, Blythe's right on top of the situation . . . like a retarded cheeleader at a frat party.
very nice shot coming off the pick for a 35 feet 3 pointer. swish. nothing but net.
RobotTrader is to robotrader what hamy wanger is to harry wanger, a satire...a comedy.....it may be the same guy who did hamy, but hamy was funnier.
There is no robotrader, to my knowledge. RobotTrader is the real thing. Tyler doesn't allow sock puppets contributor status.
His tone has sure changed over the year.
Got into coin collecting in 2002 and remember silver around 4 and gold around 300, but I never got into bullion, because it wasnt enjoyable, kinda just sits in a corner. But in early Jan 2010, I saw the writing on the wall and decided to "collect" morgan and peace dollars, mainly circulated, but I remember I could buy common BU peace dollars for about $20 a pop. I got a good stash since then, and included some better dates and mints, just wish I started about a year earlier. About 3 months ago is when I saw the prices start to go, basically doubled in the last three months, so I have slowed down my purchases. I do feel Au and Ag will drop if the fed money pump stops, because they will have to raise rates to get real buyers, instead of the fed. But this will just be a short down before the real show begins.
I agree. I'd buy the dip, again. Rising interest rates are themselves inflationary and a sign of a decreasing confidence in currency. So holding long should still pay off.
$41.53 printed so shortly after opening...
Loving it and saddened at the same time. <cue Charlton Heston rant on the beach of Planet of the Apes>
I'd like to buy some acreage for a garden and sing this while I'm fondling the seeds and, then, the fruit of my labor:
Gnarls Barkley
"Crazy"
I remember when, I remember, I remember when I lost my mind
There was something so pleasant about that place.
Even your emotions had an echo
In so much space
And when you're out there
Without care,
Yeah, I was out of touch
But it wasn't because I didn't know enough
I just knew too much
Does that make me crazy?
Does that make me crazy?
Does that make me crazy?
Possibly [radio version]
probably [album version]
And I hope that you are having the time of your life
But think twice, that's my only advice
Come on now, who do you, who do you, who do you, who do you think you are,
Ha ha ha bless your soul
You really think you're in control
Well, I think you're crazy
I think you're crazy
I think you're crazy
Just like me
My heroes had the heart to lose their lives out on a limb
And all I remember is thinking, I want to be like them
Ever since I was little, ever since I was little it looked like fun
And it's no coincidence I've come
And I can die when I'm done
Maybe I'm crazy
Maybe you're crazy
Maybe we're crazy
Probably
Uh, uh
For you silver bulls can I refer you to AU.
I think a breather is in order.
"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."
I'm sorry Tyler, but this makes no sense.
This would: "inflation is about to go parabolic and force bondholders to dump everything because the Fed will have no choice but to pursue another round of QE, sending gold to $2,000 and unleashing the Weimar endgame."
It's not either or, rather the sentence should be cause and effect.
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Or try another: "inflation is about to go parabolic and force bondholders to dump everything because the Fed believes it will have no choice but to pursue another round of QE, sending gold to $2,000 and unleashing the Weimar endgame or the Fed decides not to engage in QE thus sending all asset prices dwindling and gold to $500."
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Of course, as you have pointed out you have the right to play up your position and lemmings will be lemmings.
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I'm strangely mesmerized by your avatar and command of English.
A grammar nazi with a great avatar!
A grammar nazi with a great avatar!
Yeah, I think this is the tyler that failed macro economics back in college. I want the real tyler back. Where are you hiding him?
Ahh someone who understood it was not grammar.
This kinda shit takes all the fun out of printing money. We need price controls to force the money where BB-Diddy's models say it should go.
"Things are going just as planned Timmah, just as planned." Bernanke said as he stroked his cat, an eyepatch over his left eye.
"Timmah!" Timmah was excited, as the middle class was still oblivious to the fact that they would not afford to drive to work.
"Yes, Timmah, we did it. The middle class is no more. No more!"
"New Mew!"
"No More! Bahahahahaha!"
"Bew! Bew!" Screamed Timmah. "Bew Bew!"
fwiw: dxy is below 75.
Since Friday mate.
i know. it really tanked after the close on friday in after hours. no bounce.
The Zimbabe-ization of America is in play...
Sell dollars, sell fiat, buy anything non-fiat...
Never underestimate the replacement power of stocks within an inflationary spiral...
Now - when does "policy" change?
Still waiting for rice to explode. No real changes since the quake.
I am looking forward to the.chinese rice riots that are coming real soon unless china de-pegs.
China will collapse into a libya like situation long.before the usa does. We can outlast them in this peg war.
Han chinese think they should dominate everything. There are other.chinese who disagree. A partition at some point is within the.realm of possibility as long as the Han continue to dominate and maintain an attitude of ethnic superiority.
Seems everyone is screwed no matter what they do. Tougj to run an economy with no consumers.
Blah blah blah buy silver heheheheheheheh.
Blythe seems to want to defend $41.60 for Monday. I hope somebody shows her who's the man tonight.
Jesus, I sure hope not. 25%+ of the country will be out of work, so I hope the "You're Fired!" tag will bite him in the ass.
Should I have Rupees or Yuan? I want to make sure I'm prepared for the next reserve currency.
What's the feakin' mystery? We're in a lunatic asylum where for decades the mania has been FOR PAPER!!!! Stocks (i.e. little pieces of paper with no intrinsic worth) based on bogus businesses went parabolic in a complete loss of sanity based on rumors of future riches !!! The Treasury and Fed issue mountains and oceans of paper, dragging in copy cat central banks around the world, completely detached from any sense of value!!!
What's happening now is the violent return to SANITY!! The world is grabbing for things physical because you need them to live and they're becoming scarce and expensive to produce: food, crops, metals, combustible fuels. They're exchanging worthless pieces of paper of which there are countless quadrillions and quintillions, all falsely representing some kind of intrinsic value.
You don't need to explain why oil has worth, whereas paper only has value if at least 2 people agree that it does (and agree how much). In a changing world there is no paper substitute for food or oil that is acceptable. Finite currency (gold, silver) pays for finite resources.
You don't need to explain why oil has worth, whereas paper only has value if at least 2 people agree that it does
Those of us in the oil business have a slightly different view. We've seen crude go up up up and down down down many times. It takes cash to drill a well, build a pipeline, operate a refinery, distribute wholesale and retail gasoline, diesel, jet fuel, lubricants, petrochemicals blah blah blah. We do business in every currency on earth with counterparties on every continent.
Oil has no value unless we have customers, and it's not the sort of business you can conduct using gold or silver or barter at the wellhead or the pump.
To you as an oil services guy, you need cash to drill. To the end consumer: building owners who need heating, construction workers with Caterpillar earth movers that need diesel, airline managers who need jet fuel to get off the ground, every single commuter who needs gas in the tank to get to work and make a living.......etc......oil has worth regardless of what the spot price is doing.
That's the world we live in. Stop the oil, you stop the modern world. Now back when oil was as abundant as the demand for it, oil was worth just the cost of producing and delivering it. Like water in the pipes. In today's world there are billions of new mouths to feed, all driving, demanding new construction, flying, requiring fertilizer and other derivative products. They're all armed with GAZillion inflated pieces of paper for which the supply is limitless as per the ChairSatan and global central bankers who copy him. Now you have a totally different picture where the cost of producing oil is a diminishing fraction of it's street value. Bottom line: world economies, especially capitalist economies need growth to survive. For growth you need oil. Not oceans of printed paper. That was the insanity
- getting sick, ain't it.
This is really funny world !
What's the difference between CB and Clown to this world
if CBs have no right to print,especially print whatever they want?
So why the whole world let a clown to print xxxxx??????
Does anyone really think Ben gives a fuck? Thats what i thought. Rally on.
"..............Every living system in nature grows up to a certain point and stops growing............." Manfred Max-Neef
"news first reported on Zero Hedge that PIMCO is betting the farm"
Hmmm, is "pimpco" NOT part of the spin machine? Does this mean buy the bounce in bonds?
WTF?WTF?WT?
Can it get anymore twisted?
Here comes the Fed.
They are now shorting crude, gold, silver.....
To "stamp out" the inflation hysteria with paper.
LOL....
Silver's support is at $39, let's test it, see if we care.
This isnt robotrader but he is fooling some people.
No such thing as robotrader, or if their is, that is just a regular user. Regular users can't post images.
Then i must have dyslexia.
He sure doesnt sound anymore like the robot trader of a.year ago.
Different guy running the commenting VM.
Let the loading of PM's commence! Back that 2 ton Armored truck up to the loading dock. $39 will cause a feeding frenzy of physical metals.
Young Robo: When the going gets tough, the tough switch from 5 minute charts to the weeklys. Where the parabolas are pointing 100% plus higher.
This is a satire like hamy wanger. This is for humor. This is not robotrader.
Ok maybe i have.dyslexia or something, but.robos tone.has changed.over the last year.
Robot trader also posted it was a myth that jpm had any substantial silver.shorts.
This just sounds like satire or needling the gold bugs. I remember when robo was actually useful rather than trying to gloat or purposefully annoy people.
Here's why inflation hysteria is taking hold of the markets--the Phed is in complete denial. Here's a quote taken directly from the minutes released just this last week:
"Measures of underlying inflation remained subdued. They anticipated that the effects on inflation of the recent run-up in commodity prices would prove transitory, in part because they saw longer-term inflation expectations remaining stable. Moreover, a number of participants expected that slack in resource utilization would continue to restrain increases in labor costs and prices."
I saw a commercial from Subway last night talking about taking refuge from inflation in food prices by eating at Subway. If Subway restaurant has a better grip on inflation than the Phed does, then yes, we are truly screwed--at least the middle class is screwed.
Plus, we have bi-flation, where wages and home prices continue downward, yet essentials like food and energy are going to squeeze Joe 6-Pack like he's in a medieval vise-grip torture chamber.
no, Beatscape, not in denial. attempting to use magic mind control. it's effective on some.
The market operators ie banksters are driving the USD index down and pumping up everything else. This process will continue till there are no long positions left in the USD index and no short positions in any of the commodities, stock or currencies other than the USD.
The operators are then likely to take the long position on the dollar and short position on everything else. They would then use their money power to move the markets in the direction which would get them the maximum profit while screwing all other traders / hedge funds / investors.
The stock, commodity and currency exchanges have been reduced to gambling dens whereby the more powerful traders with deep pockets move the markets to maximize their own profits at the expense of the remaining not so powerful players. The big boys have enormous money power to move the markets in the direction which results in maximum profits for themselves. They effectively use the media to lure the other players in the market to a position where they would incur maximum loss.
The markets will fall only when the banksters have eliminated all the short positions and only they themselves have positioned themselves to profit when the market falls
OR
When an unexpected world event catches the banksters with their pants down and the softwares they use to rig the markets go berserk beyond their control.
http://www.marketoracle.co.uk/Article24581.html
I wonder if my S&H green stamps have more value now than the dollar...
American Pickers gave the equivalent of 2 Silver Eagles for an S&H Green Stamps sign.
Well, pretty lame attempts to fight back silver breakout. Looks like it's gonna be a bright, bright, sunshiney day...
getting closer and closer to the psychologic boundarie of 1000 € / kg for silver !
http://silverprice.org/charts/silver_1d_k_EUR.png
Anybody that believes in hyperinflation of the U.S. Dollar yet still lives in the U.S. is delusional on some level. It wouldn't matter how much gold you had, no one could cover it. You would have to trade for way less than it was worth, even if you started cutting it up into pieces of eight.
Just bitchin so you could say you were right does no one any good.
Put up or shut up, fuck off or stay and fight.
The Romans created the first paper currency, which failed.
Every fiat paper currency ever created has failed.
You are now witness to your own currency failing.
Obviously you have no Gold or Silver and so now life will be extremely hard or even deadly for you.
It must suck to be you.
If you be talkin to me I will concede that I do have some gold in hand, but don't live in your fucked up country(assuming you are in the states) so it will probably come in handy without much gunplay. It is not sucking to be me at all....at least I have three good legs.
Eh? Gold will hold its value plenty well, because it trades internationally. DOn't make the mistake of thinking that trade will stop because of hyperinflation.
Read up on how foreigners lived high on the hog in Weimar during their hyperinflation. The same thing is likely to happen here. It is likely the way that real estate will catch a bid too.
That is, unless the pols do something stupiderer, like restricting foreigners from visiting, or forbidding them from bringing their currency in.
"read up on how foreigners lived high on the hog in Weimar during their hyperinflation."
Exactly, tmosley. As much as the finance & econ grads (much less PhD's) like to think that they are "EXPERTS," NONE of 'em can tell you the IMPORTANT stuff: WHO are the member/owners of the Fed; what portion of Fed does each control; and HOW MUCH are the REAL 'BAILOUTS' costs to American consumers, workers, savers, & taxpayers???! (hint: start at $23 TRILLION, in 2009 dollars, and GO UP from there.) http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aY0tX8UysIaM
As much as Econ & Finance grads can write volumous PhD thesis on the causes & consequences of Weimar inflation, there is one inescapably simple fact: IF YOU HELD FOREIGN currency, you could live high on the hog; if you had FAMILY OUTSIDE of Germany, they could send you enough money to buy a productive farm or apartment building, for the price of a house in that other country.
(**note: food products and other essential goods maintained their value in hyper-inflation; so a well run farm could potentially stay abreast of inflation... IF nothing else happened to degrade its productivity during the economic crisis, putting its owners into debt & forcing them to sell, cheap.)
Seems like a crack up boom in PM's. Dollar sentiment is extremely over bearish. Short term PM's could correct. Still good medium and long term bet. QE3 happens everything is going higher. No QE3 all asset classes will correct 20% to 30%.
"Inflation hysteria" does not do this justice. It's a Wile E. Coyote moment where people are suddenly and collectively realizing that the inmates are running the asylum and paper currency, paper stocks, paper debt, paper party hats aren't worth squat if you can't eat or drive the car. Our leaders have driven the car over the cliff thinking that they could run the printing presses on turbo and flood the world with paper as a cure for economic stagnation. It only works if the collective insanity is maintained that the little green pieces of paper are always worth the same amount no matter how many you make! And it only works if people believe in three little letters: IOU! If you think you can hold that IOU and redeem it later for something you need, then things are fine. The day has come where people believe that if you hold a little IOU for too long you'll get screwed. People will laugh at you when you try to trade them in for something like oil to make your car run or food or gold.
The government does not have to seize 401k's and won't because they are full of toxic assets.
Changing the accounting rules allows fund managers to mark toxic assets to fictional values.
Probably the worse thing to have money in is a "stable value" fund, because that is where they put all the Mortgage Backed Securitities wrapped by credit default swaps.
My advice for anyone with job security is to quit, get for 401k funds and roll into a SEP IRA. Then one can buy bullion,even.
The big reason for bailing out AIG was to restore the band-aid over the festering MBS wound in retirement accounts.
"My advice for anyone with job security is to quit"
WTF?
People with true job security can quit and come back as a contractor or move to another employer.
Those who have no job security are slaves in this new world we inhabit.
Not too many people fit this definition of true job security. However it is what i did. It turned out to be a wash because i.am making more but having to put in more hours and as a.family man those subsidized benefits were cheaper than the replacements. Im not so sure i should have done it.for an extra two or three percent.additional return i can generate on my sep.
However you are right about the slave thing. I am one of the few who can say and do what i want. It is sad to see scared empoyees who censor their speech and have to compromise their morals for fear of their boss.
Garenteed I could do your job better than you. But you got those kids, and so do the printing presses.
Does your boss have 'merican born kids?
"The U.S. government has a technology, called a printing press, that allows it to produce as many dollars as it wishes at essentially no cost." "Under a paper-money system, a determined government can always generate higher spending and, hence, positive inflation." -Ben Bernanke
This was the key insanity, the key misconception. Spending is remaining impaired in our economy because of money printing, not because of not enough printing. It's because of the way the first dollar is spent. That raises the cost of living and doing business. And in a world where natural resources are increasingly scarce and dollars are not that's now what you call a problem. You got biflation: as buying power gets crushed further and further, the real economy remains in a deflationary depression while the paper economy bloats and bloats and bloats, driving up the cost of living and completing the vicious cycle.
Lotsa Luck!
Bernanke's s*** dollars land almost EXCLUSIVELY in the bank vaults (electronic balance sheets) of the GS, JPM and handful of other mega-banksters. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aY0tX8UysIaM Ironically, all these trillions of dollars of "free money from the sky" can't even prop up C...!!
If Bernanke (and his rubinite/summers/gs/jpm sponsors in the obumer White House) was TRYING to LEACH the economic activity OUT of the US economy, he could hardly do a better job... like splashing half a gallon of bleach, on a $5,000 business suit or designer dress.
Effectively, Bernanke & the Fed (and the bribed & bought con-gress & WH) is giving ALL the marbles to the plantation massa, everyone else gets subsistence fare.
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.
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<a href="http://ad.doubleclick.net/jump/invc.calculatedriskblog/textlink;kw=;kval...?" target="_blank"><img border="20" width="728" alt="" src="http://ad.doubleclick.net/ad/invc.calculatedriskblog/textlink;kw=;kval=t...?" height="234" /></a>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)
China has stockpiled copper for 3 good reasons and 1 not so good:
-To meet anticipated needs during the build out of a billion-man economy coming out of the dark ages (at a stable price); To pre-empt supply interruptions in markets that are supply-constrained(both Australia and Peru are good examples)
-But China has also realized that it's ocean of paper dollars that it collects from exports are diminishing in buying power for copper and other dwindling natural resources. They're also aware others in the world have oceans of dollars and also want to do what they're doing, all at the same time.
japan's economy falling into a devastating fiscal crisis should take out the US/world, that and China imploding...I am locking in midyr.
the oil wipeout coming is thanks to YEN and USD money pumps. completely out of control
at this rate, i might quit trading and move out to the rockies and start panning for gold....
Chinese cleaned all that out 150 years ago.
dude
i forgot to put sarcastic tone on my post
Herbert's Personalized Inflation Report - April 10
Purchased new kitchen faucet to replace old one, same make, same model.
New one only cost 3.00 more than 4 years ago. What inflation?
Oh, forgot to mention, new one was made of metallic-colored plastic versus the stainless steel it replaced!
Here's what that translates to: the maker of that faucet can't pass on the increased cost of fuel and raw materials, insurance, healthcare, legal and plant maintenance because consumers are in the same boat, struggling with rising costs, stagnant incomes (declining in real terms for 40 years) and declining home values. So "core" inflation seems "tame" when it's actually DEflationary. The cost of staying in business is up considerably.
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, 2011Softer 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)
Paper is the joke of the millineum. Our grandkids will laugh and say "They used to trade their lives and valuables for this paper crap?!!"
Prices are only one tool to pass off inflationary pressures.
A big beef special can turn into a shit sandwich for the same price, with the same cost-saving result.
I looked at silver prices and kitco shoowed $41.49...!!!!
I had to lok twice to make sur it did not say $40.49....
WOW......Big move.
while we are all talking about silver. how long will gold be decoupled from it.
As long as they can keep Gold from hitting new parabolic highs (2% or better +) out of the MSM it will stay decoupled. Headlines of Silver making new parabolic highs doesn't turn as many heads, nor does it unsettle the sheep herd as much.
Silver is being used as a proxy to divert attention away from the precious.
Remember 100/1 paper to the underlying physical. ?
We could see $42 by dawn at this rate.
dupe
To the idiot that posted this:
http://3.bp.blogspot.com/_vcA5QunW1og/S7THDgsCiWI/AAAAAAAAL9c/SAIb4OTLJ9...
When I called out this statement delusional: " "Anyone who owned gold or silver become nobility"
Just what the fuck did a trillion Deutsch Marks buy you at the time? A cigarette but?
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There certainly are incredibly intelligent people who post here (whose intelligence and knowledge darwf me.)
Unfortunately, there are many pretend market genius.
Here we go!!!!!
Sunday nights are my favorites now.
Silver For The People
http://www.youtube.com/user/BrotherJohnF?feature=mhum
In the last month open interest has started going down for both silver and gold, creating an important negative divergence. Buyer beware.
Asia is selling USD en masse...
Shit the bed! Oil flat. Gold only up a buck but silver up $1.29. Short squeeze! Always said silver needs to be at $90 fiat to be in harmony with gold and oil. One thing about the Great Ponzi falling apart. The true value of things seem to be finding themselves.
The predators-that-be give signals, and create excuses for their actions. Normally JPM knocks down silver [and gold] on friday. Last friday they didn't. Why? Does anybody think what these guys do is random? It isn't.
Probably they let silver and gold run because they're setting up the excuses for the Fed to point at to justify "no QE3" (for now).
When people realize "no QE3" is the [supposed] plan, they'll crash the market, crash commodities, spur interest rates, and boost the dollar. At least that's what they assume will happen, and they're probably [mostly] correct.
That will get [almost] everyone screaming "we need QE3" like crazy. Then they will have their excuse to begin QE3 as they must (to buy government debt) and as they always intended.
The only difference is, they'll be called "heros" instead of "villians"... all because they played this stupid game. Which just goes to show how completely brainless and easily manipulated humans are today.
And, of course, this is a quick and massive profit opportunity for the owners of the fed (JPM, GoldmanShafts, etc). They know these actions will cause huge moves, then huge reversals... and with their free money, infinite leverage and complete immunity from prosecution, they'll make freaking fortunes on the backs of everyone else... yet again.
Where did you find out who owns the Fed? I've been looking to find out for sometime, and to no avail. I just had a hunch that it might be owned by a group in England.... just a hunch. Any body ans on this one.... Please.
Look at the property tax bills, see where they are sent to and what name.
Silver is up $.98, not $1.29. it was up that on close of Friday.
Sister Mary Francis, we're looking at $41.94!!
muuaaaaaahahahhahaaaa, wake the fuck up bitchez.
http://www.youtube.com/watch?v=UX_AQkfmH9c
"
Peak oil = Peak food = Peak population.
Conspiracy Theory #4(b): The fuckers are crashing the industrial economy so that they will still have enough oil for their tanks and F-35s (and just enough food for the troops that man them). Not enough tanks & F-35s? = no food. Ooops!
Most are not prepared and therefore won't make it.
Crikey. Silver ask is 41.97 at APMEX. This time it's different indeed.
Crikey. Silver ask is 41.97 at APMEX. This time it's different indeed.
CRUSH THE BANKS — BUY PHYSICAL SILVER
*seven out of nine regions downgraded (BoJ)
Monday afternoon headline on Bloomberg
Gold and silver drop on stronger dollar government debt reduction.
BTFD!
hmmm presently rolling my SLW calls up and out ... will it gap up and f*** me? or will we get the usual intraday slam down courtesy of Shalom Bros?
Two words that should strike fear into everyone: Inflationary Hysteria . Be very careful what you wish for.
To put one myth to bed, the Gold and Silver markets aren't as small as people might imagine. They're hardly tiny.
Here's your starter for ten.
Clearing Turnover Statistics: December 2010The average daily value of transfers held steady in December for gold and silver after November’s highs.
Gold ounces transferred fell 0.8% month-on-month, to an average of 18.0 million per day. The number of transfers fell by 6.3% to a daily average of 1822. The average fixing price rose 1.5%, and the average value of transfers rose to $25.0 billion, an increase of 0.7%.
Measured year-on-year, while the average number gold ounces transferred fell by 12.9% and the number of transfers fell by 18.4%, the average value of gold transferred rose by 6.7%.
Silver ounces transferred fell 8.2% to a daily average of 99.7 million. The number of transfers rose 1.7% to 570 per day. Total value rose 1.5% to $2.92 billion, the highest figure in 2010.
So, extrapolating from these figures we have a c. £5 trillion Gold market and a $580 billion Silver market?
Silver / Gold transfer ratio of 5.54:1
If I'm wrong, please excuse my ignorance.
You are not wrong but if you add up just dollar exchanges and transactions alone and not include other fiat the number is around 200 trillion. Correct me if i am wrong too, but gold is dwarfed by the dollar and silver is a flyspeck. Ben doesnt give a shit about silver, but when he takes the punchbowl away......
just the thot of money all over man
.
i want to get microchiped dude i believe
Hysteria is often a.good time to go contrarian.
The end of qe2 will be a non event.
It may also be a great time to short the inflation trade in a sell-the-news strategy.
However i think hysteria has a ways to run so i am still overweighted in the inflation trade. I will run with the herd for a short while longer.
China is going to be stuck with a huge pile of commodities they have been accumulating at the top. As they slowly use up their inventory it will reinforce the down wave as the marginal buyer is no longer recklessly bidding up commofities
(OT: Sirens and tsunami warning 2 hours ago 816 UTC after 7.1 EQ, revised to 6.6, midway between Tokyo and Sendai.):
http://earthquake.usgs.gov/earthquakes/recenteqsww/Maps/10/140_35.php
Steady as she shakes.
The market operators ie banksters are driving the USD index down and pumping up everything else. This process will continue till there are no long positions left in the USD index and no short positions in any of the commodities, stock or currencies other than the USD.
The operators are then likely to take the long position on the dollar and short position on everything else. They would then use their money power to move the markets in the direction which would get them the maximum profit while screwing all other traders / hedge funds / investors.
The stock, commodity and currency exchanges have been reduced to gambling dens whereby the more powerful traders with deep pockets move the markets to maximize their own profits at the expense of the remaining not so powerful players. The big boys have enormous money power to move the markets in the direction which results in maximum profits for themselves. They effectively use the media to lure the other players in the market to a position where they would incur maximum loss.
The markets will fall only when the banksters have eliminated all the short positions and only they themselves have positioned themselves to profit when the market falls
OR
When an unexpected world event catches the banksters with their pants down and the softwares they use to rig the markets go berserk beyond their control.
http://www.marketoracle.co.uk/Article24581.html
Never underestimate the power of the thieving Wall Street banks to snatch away your profits - PHYSICAL metals only cuz it's just about time for the takedown.
You guys are all way off Bill Gross sees deleveraging. This is a deflationary move that he sees causing a temporary surge in the dollar (it temporarily gets stronger). Either way, its a bad sign.
If he thought the very next move was deflationary he would have stayed in bonds and increased.duration.
All you can do is buy food and silver. Then, get out your big wave board. The wave is coming so go for the ride.
http://www.TheAngryGrapes.Com
Excellent post. Things are certainly speeding up.