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So how long before JP Morgan and HSBC send out Blythe and her minions on camels with whips in desperation?
I'll tear her off her camel and let the beating begin.
Yes, if I was a brainless, algo-driven computer, I'd be selling silver here, too.
Dr. Head: Blythe and her minions were desperately dispatched on the afternoon of January 3 and they have been unrelenting ever since. "Turd's Bottom" is in, however, so btfd.
Dry powder is unavailable to me at this time, but looking to double me position here shortly.
Love your site too Turd. I am glad I ran into you here in ZH. The likes of this group have forever changed my reality for the better and I will never go back to sleep.
You might want to take a look at some 0% interest rate credit card offers out there.
I just got the JP Morgan/Chase "SLATE" credit card. It offers a 0% interest for the first 18 months.
There is something inexplicably satisfying about maxing out the card buying physical silver, knowing JPM will pay for the metal while I get an interest-free float for 18 months.
I will pay the card off in full just before interest starts accruing if JPM is still in business.
My strategic defaults and consumate settlements for pennies on the dollar preclude me from binging on credit any longer. I feel so much more free already. Next stop - challenge the mortgage.
This ladies, is what a circle jerk looks like
Trust him, he's got a LOT of experience in this arena.
He's actually a one man circle jerk when you include all of his sock puppets!
I hope I'm not the pivot man again.
Mate, you've made my day! I will sign up!
JPM paying our margin cost to buy the silver they've shorted. Priceless.
Flexeril could help with the insomnia, Doc.
The rapid selling of physical silver and gold exposes the lie that is the "paper" precious market. Lies can only be maintained as long as they are useful or convenient to those who perpetuate them or profit from them.
Instead of a beating, could we pull a train?
I call shotgun on that caboose!
ahh the ultimate in male bonding, gang rape.
sorry that was me. i want it all.
Buy the silver birches!
I talked with a person I know in Scotia Macotta because I've been buying silver there and they told me that the reason they are sold out is because they will only order from the mint on a per order basis and do not want to carry inventory. The reason for not wanting to carry inventory is they feel that a steep price correction would leave them on the hook for past accumulations.
I know silver demand is high, but these risk averse Cdn banks are also thinking price may fall. I dont' think it will.... just goes to show how chicken shit they are.
That's the problem with a gold bull market as well. You drop spot on them and all the coin dealers stretch armstrong the over spot on ya. Currency markets will dead cat bounce but gold and silver will only slinky.
That is exactly why I trade the ETFs and hold bullion for the long-term.
If only there was a way for them to hedge their price risk. Would a large bullion bank have access to a certain product that would allow for them to accumulate inventory without worrying about the price they paid for it?
You mean like a counterfiet shop in the back running a cash for gold shop in the front?
I've seen one of their workers.
Hm, wouldn't buy this one... It's hard to imagine that the one of only 5 bullion banks participating in the London gold fix is not hedged...
And then, about how much quantity are we talking here in inventory, that such a big bank would fear a correction? They could just reduce inventory etc.
Seems bullshit to me since they can in theory hedge their inventory with futures or some other "paper" method. In fact, I only repeat what I've seen here on ZH many times from several commenters about how these folks should (and do) properly manage their inventory risk. Scotia is not a mom and pop operation and should be properly hedged.
Maybe the point is they can no longer hedge, because no one wants to take the other side?
Proaurum in Switzerland is also basically sold out of silver:
What a BS excuse. There is a way to hedge these kinds of positions that sure the banks must know about.
And Canadian banks are risk averse? Next you'll tell us the Canadian banking system is the best in the world. You swallowed the marketing hook line and sinker.
Shipping is going to be.... a birch
The silver birch has been respected by pagan Celtic and Germaniac tribes as it was thought to be a 'holy' tree with sacred powers of purification so twigs were used in the ritual of driving out the spirits of the old year.
Would like to see this drought of silver bars reflected in the spot and futures market...
I think it is being partially reflected. If you are a PM dealer, you buy from a mint, not from the COMEX or LBMA. But you hedge short in the paper market to lock in your premium. So when dealers all restock at the same time, say after Christmas, there is a flood of paper shorts.
Obviously it is a temporary dislocation. But I think that is really what kicks off the post Christmas paper weakness. The weaker the market after Christmas, the bigger the coming surge will be as the supply chain starts delivering from exchange supply.
I have come to the sad conclusion, that until these ETF's are DOA, we have little to NO chance of affecting the markets.
Rapid and massive reduction in the holding of the ETFs at elevated prices are an indication that the end game is near.
GLD fired its auditor in Nov. So maybe your wish will come true.
Its hard to Buy the Dips if there is no supply, Whsikey Tango Foxtrot ?
I tried buying the dip last week, but every place I went to "just sold out" of 1oz maple leafs.
I would really like to know WHO is buying all of the silver from these dealers. Considering the population at large is primarily bankrupt, I have a strong feeling that it is either the rich making these purchases or possibly even other central banks such as the bank of China.
I think most of it, are Big Players
It certainly appears the elites goal of scaring the PM's out of the peoples hands isnt working too good, there isnt any supplu anywhere. Blythe Masters must be having kittens.
Sprott has been buying all he can. He says he has orders in with 2-3 months wait times.
"The physical market is tight as a drum" -- Sprott, KWN.
That's what she said.
Its responsible people who haven't leveraged themselves to the hills. That guy you pull up next to that drives an '89 F-150, he probably has gold and silver at home. That dipshit that pulls up next to you in the leased Lexus that makes $35k a year, he probably has an ipad at home and no gold, silver, guns, or food.
RTM: Your name and avatar make The Turd laugh.
Thanks for pointing that out - I had a good laugh once I went back to look - still laughing....
Turd-huge fan! keep up the good work!!! I also apologize for my son's behavior. He rides the short bus if you know what I mean.
Man Turd, the miners have been doused with gas and blowtorched ..
Real tuff on the bottom buyers ...
They'll most likely be higher a year from now so why worry?
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