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Silver - 10% One Day Drop Followed A 76.4 One Day Retracement

Submitted by Tyler Durden on 04/27/2011 19:41 -0400

One day to correct 10%, and one day to retrace 76.4%. The HFT robots appear to have really taken over. We can't wait to see what high frequency conversion of registered to eligible silver looks like. We expect a full loss retracement overnight.

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Wed, 04/27/2011 - 19:43 | 1214153 tmosley

Dangertime, if he was telling the truth, pissed away about 80% of his ten year gain.

And not one single fuck was given that day.

Wed, 04/27/2011 - 19:48 | 1214173 FIAT_FixItAgainTony

lol.

"nor two shits" !

Wed, 04/27/2011 - 23:20 | 1214742 Harlequin001

buying since $40 was maybe not such a good idea...

Ouch...

Wed, 04/27/2011 - 19:48 | 1214175 fuu

Is he officially puking blood yet or is that a little longer?

Wed, 04/27/2011 - 19:58 | 1214196 Bay of Pigs

I wonder if he sharted his pants yet?

Wed, 04/27/2011 - 20:56 | 1214396 Pool Shark

Like Robo, he lives in his parent's basement and doesn't actually have any 'assets' to invest.

And like Math Man, he too will vanish when it becomes obvious his 'calls' are utter nonsense...

(Remember, he predicted just yesterday that silver will be below 45.50 by Monday open...)

Wed, 04/27/2011 - 23:22 | 1214746 Harlequin001

'yer all talking bollocks. He cleared out at $45 and went long, just in time...

Wed, 04/27/2011 - 23:43 | 1214783 Math Man

Anatamy of a bubble:

On March 10, 2000, the NASDAQ closed at 5,048.

A few days later it closed at 4,582 (March 15th).

But thankfully it rallied back to 4,963 by March 24th, and the longs once again claimed victory.

Three weeks later, the longs had lost thier fucking shirts. On April 14th, 2000, the NASDAQ closed at 3321, and I'm sure a lot of them decided to BTFD.

Unfortunately for them, one year later, on April 3, 2001, it was below 1700.

Silver traded above 49 on April 25th.

On April 26th, it dropped below 45.

But today it rallied back above 48 on April 27th! Victory for the longs!

This is playing out just like the NASDAQ - only faster. The longs are calling for a victory because we've rallied back to 48. But just like the NASDAQ, it's a total headfake.

This is not going to end well for the longs. Be warned.

We'll be at 31 in a couple weeks, and below 20 by the summer.

Thu, 04/28/2011 - 00:08 | 1214815 Harlequin001

Math man, the NASDAQ is not silver.

Silver has inherent value as a money, the NAS does not and is inherently worth nothing...

So, at what point do you concede that you are wrong, and would that have any relation to expiry, which is the point at which you must realise and crystallise, or at the very least account for your loss, or gain, whatever it is?

Thu, 04/28/2011 - 00:55 | 1214881 Dr. Porkchop

He's resorted to PM trolling on up days now too, things must be getting serious.

Thu, 04/28/2011 - 05:52 | 1215069 Dangertime

Your point is meaningless. The bubbles Nasdaq and Silver have one major thing in common. The longs were/are emotionally rabid. This is a signal that a bubble has come on scene.

Thu, 04/28/2011 - 08:47 | 1215339 tmosley

Emotional? You're the one that sold the silver you owned for ten years and went hugely levered short. Sounds pretty bipolar to me.

Hows that working out for you, by the way?

lol

Thu, 04/28/2011 - 06:43 | 1215118 Math Man

Math man, the NASDAQ is not silver.

Silver has inherent value as a money, the NAS does not and is inherently worth nothing...

They are the same. Everybody bought the NASDAQ for the right reasons. The internet was going to change the world. And it did. They just paid the wrong prices.

Everyone is buying silver for the right reasons. The national debt is at records highs, the dollar might continue to devalue, etc, etc, etc. They are just paying the wrong prices. Silver has run 150%+ in a little over six months, and 75% since Jan 26th...

Buying for the right reasons but paying the wrong price is the hallmark of a bubble. Ever stop to think about why Gold is up less than 30% in the same time period? It is 'money' too. You're all about to be victims of a huge bubble here. Have fun when it is back below $20.

Do yourselves a favor here.... either sell, buy some puts, or at the very least swap your silver for Gold....

Thu, 04/28/2011 - 08:54 | 1215361 tmosley

Damn, you really are trying HARD aren't you? Trying so very, very hard to squeeze some physical silver back onto the market.

You don't know shit about supply and demand, or bubble psychology. Stop pretending you do. If you did, your predictions wouldn't be failing CONSTANTLY. Failure to predict the outcome of defined situations has invalidated your hypothesis. Time for a new one.

But you are emotionally invested in yours, so you will keep losing money, and keep shouting from the rooftops how wrong the world is. Twenty years from now, you'll be smeared in feces in a cardboard box mumbling to yourself "It's a bubble..it's a bubble..they'll get theirs...they'll see soon...any day now..."

You were wrong. Get over it.

Thu, 04/28/2011 - 09:06 | 1215416 Math Man

You've been warned Tmo...

You're going to be in for a world of hurt when your 95% silver allocation hits $20.

Have fun... Seriously, why not swap in to Gold or buy some puts?

Thu, 04/28/2011 - 11:53 | 1216234 akak

..... only $5 to dig it from the ground .....

Too bad zombies are singularly inept in handling shovels.
Must have something to do with that hunger for brains.

Thu, 04/28/2011 - 00:57 | 1214829 akak

Dear MethMan,

I would positively love to strangle your skinny pathetic trolling ass (while you shamelessly grovel for mercy, and I laugh hysterically) by twisting your bile-filled intestines around your scrawny neck while simultaneously shoving a 100 oz. bar of silver down your filth-spewing lying mouth. Then I would take a chainsaw to that scrawny neck, sever it from the pustulent body to which it is attached, scoop out the minimal amount of brains inside that phenomenally thick cranium of yours, and shit inside it before feeding it to hyenas. Your remaining body will then be fed into a woodchipper, with the noxious byproducts being scattered over Blythe Master's lawn, where they would assuredly burn the grass dead and render the soil sterile for centuries to come.

Thu, 04/28/2011 - 01:15 | 1214900 ElvisDog

Don't be such a namby-pamby, akak, tell us how you really feel. I prefer the olde English way of drawing and quartering.

http://en.wikipedia.org/wiki/Drawing_and_quartering

Thu, 04/28/2011 - 01:29 | 1214917 akak

That would work too --- as long as I get to flay him alive first.
I've got a lampshade that needs replacing.

Thu, 04/28/2011 - 02:38 | 1214959 jeff montanye

what?! no junks for lampshade references?!

Thu, 04/28/2011 - 03:04 | 1214984 OldPhart

Lamp shade would be snazzy if you include his tramp stamp.

Thu, 04/28/2011 - 11:07 | 1215960 Mesquite

Heh heh..

Nice thread this morning..

Must be the weather..Or..??

Thu, 04/28/2011 - 04:57 | 1215034 falak pema

Lol, you sir are decidedly not a magnanimous winner... You want your pound of flesh, your pint of milk and the dairy maid as well!

Thu, 04/28/2011 - 04:45 | 1215028 southsea13

Blimey! That`s positively Chaucerian prose there (and well deserved too). Even if silver had dropped I`d just have bought a load more as the dollar`s going to be the world`s reserve currency for not much longer. When you deal with Meth / Math / Moth/ man make sure you`ve got some hazmat gear as he`s probably got bubonic plague festering in his vile carcass. :)

Thu, 04/28/2011 - 00:39 | 1214863 Slewburger

So my trading account was notifiying me they were willing to pay 5% premium to buy back my Nortel stock? Must have missed that email.

You are a dead gnat on the front of a locomotive, good luck with your puts.

Thu, 04/28/2011 - 01:03 | 1214888 i-dog

"We'll be at 31 in a couple weeks"

For SLV you could well be right...for physical silver, not so much...

Thu, 04/28/2011 - 01:42 | 1214923 Fred C Dobbs

I've seen your warnings many times before.

Thu, 04/28/2011 - 02:29 | 1214950 bothsidesnow

You are wasting your time Math Man you can't fix stupid.

The glock and ammo guys know everything and if the market doesn't go their way they will just shoot you.

Plus they didn't listen to Bernanke very carefully like I said in previous posts the one mistake or off message statement he made that Tyler and the crew did not catch is this:

We are at the point where the benefits of security purchases are starting to diminish.

Like I said you can't fix stupid but you can buy their silver from them at 20 if you hedge your physical with a paper short in the Forex market.

78.6 is proving to be resistance in Asia and London.

Tyler - Can you get rid of the fucking Trump ads or block them. Do you really wan't to run adds for a guy that has gone bankrupt more than once. Doesn't that go against the ZH manifesto?

Thu, 04/28/2011 - 02:45 | 1214965 jeff montanye

imo tyler wan'ts the money the adds bring. plus the idea of trump for president is refreshingly funny and deeply subversive of taking the current u.s. political process seriously

Thu, 04/28/2011 - 08:56 | 1215385 tmosley

I love how you call "right", "stupid".

"This world is STUPID. I'm smarter than the market!"

Good luck with that attitude. Trading like that will turn you into a greasy streak on the road inside a few weeks. Sort of like Mathman and Dandertime.

Thu, 04/28/2011 - 02:39 | 1214958 RmcAZ

We'll be at 31 in a couple weeks, and below 20 by the summer.

This looks like a great quote to save as a "favorite", and revisit later on. Bookmarked.

Thu, 04/28/2011 - 08:54 | 1215372 tmosley

Funny thing is, he's been saying it for months. We were supposed to be at $20 next week, IIRC.

Thu, 04/28/2011 - 09:20 | 1215473 Overflow-admin

You should read "Anatomy of a Ben Bernanke"
And "Anatomy of the path to Inflation"

Wed, 04/27/2011 - 20:24 | 1214287 Hugh G Rection

It looks like he bugged out after junking the whole last thread.... poor bankrupt troll :-(

Time for a dose of angry masturbating followed by crying himself to sleep for DangerDouchey...

Wed, 04/27/2011 - 20:54 | 1214400 Tail Dogging The Wag

Got farmland and investment land outside the US?

http://www.thorssoncapital.com/

Wed, 04/27/2011 - 21:22 | 1214488 Iam_Silverman

Don't you ever get tired of cut-and-paste spamming?

At least try to tie in your pathetic site cheerleading making it apply to the current topic.

Wed, 04/27/2011 - 21:35 | 1214519 Zer0henge

Yeah...I bought a vineyard. Whachoogot? A field of Wheat?

Wed, 04/27/2011 - 22:34 | 1214648 Jab Cross Hook

A theme park? VodkaLand?

Thu, 04/28/2011 - 04:25 | 1215020 Sudden Debt

VODKALAND!

FREE ENTRANCE FOR BLOND D CUPPED TIGHT ASS BITCHEZ!!

Wed, 04/27/2011 - 23:22 | 1214749 Harlequin001

I bought gold and silver...

still got gold and silver...

I'll buy land after rates have popped, not before.

Thu, 04/28/2011 - 06:12 | 1215083 Urban Redneck

Yes, I do, and I can get plenty more in a more desirable country at far better prices than you are offering. Panamas strength is non-treaty banking, not farming.

Wed, 04/27/2011 - 21:03 | 1214422 rosiescenario

...that is what happens when Brownian motion gets confused with a 'trend'...Me, I'd rather just stick to the fundamental drivers behind silver's price...but, having said that, when can we get Ben back on T.V.??? If we could just get him on Amerikan idol, the public would actually start buying silver.

Wed, 04/27/2011 - 23:37 | 1214778 FIAT_FixItAgainTony

+10

if only ! yes, the buying would be massive.

after purchases, he'd get voted off the show because he'd be the biggest no-talent worst ever contestant.

Wed, 04/27/2011 - 23:58 | 1214805 TwoShortPlanks

Gimme a break, I'm sucking-air and living from pay-to-pay while trying to buy as much Ag as I can...I need more time God Damn-it!!!!

And what's this caper with this correction retrace BS?! I was gonna buy the dip on Monday ***face burries in hands and sobs uncontrallably***

LOL, lucky I bought plenty ages ago...I'm just greedy is all.

PS. Off to the Mint on Monday/Tuesday, I always have a chat with the ladies so I'll let you guys know what inventory they have that afternoon. This is 'On The Ground Intel' which counts a shit-load much more than blips on a screen...for long term that is.

Wed, 04/27/2011 - 21:05 | 1214429 schoolsout

Douchinger and the douchengerites are licking their wounds and going in for another kill...you poor people that believe metals are better than paper money have another thing coming....

lol

Wed, 04/27/2011 - 23:48 | 1214796 FIAT_FixItAgainTony

we sure do. metals can return to original values but the fact remains intrinsic value can never be zero like paper. paper can eventually buy nothing, while gold and silver will always get you something.

history repeats for those who fail to learn from it.

Wed, 04/27/2011 - 22:41 | 1214670 Long-John-Silver

He's on the waiting list with a new handle LOL.

Wed, 04/27/2011 - 23:25 | 1214752 Harlequin001

which one was it said he had a Porsche?

I get confused with the ones telling me these great trades allow them to buy fast cars and others selling advertising on the side of trucks...

Thu, 04/28/2011 - 00:29 | 1214850 fuu

That would be DangerTime/Math Man.

Wed, 04/27/2011 - 22:54 | 1214691 Dr. Porkchop

Silver, the right thing to do and a tasty way to do it. It may even cure the diabeetus.

Wed, 04/27/2011 - 23:10 | 1214730 Re-Discovery

Silver . . . the new Black.

Thu, 04/28/2011 - 09:16 | 1215461 Overflow-admin

Now he is just junking all the ZH posts in a desperate move.

Wed, 04/27/2011 - 19:42 | 1214154 Ahmeexnal

"It only costs $5 bucks to dig an ounce outta the ground" (TM)

Wed, 04/27/2011 - 19:52 | 1214181 Hephasteus

We people of india know you americans are poor so we will not charge you in dollars. We will let you buy rupees and dig it out of the ground for only 4 dollars.

Wed, 04/27/2011 - 19:54 | 1214192 Ahmeexnal

There is no contradiction. Check your premises.

Wed, 04/27/2011 - 20:12 | 1214231 Quixotic_Not

I'd like to see someone actually dig an oz of Ag out of the ground for $5 per oz...

Crap, 'MeriKans spend that much on their skim-milk lattes!

Wed, 04/27/2011 - 20:22 | 1214282 Id fight Gandhi

Gimme a hold with silver and I'll dig it. Seriously if it were that cheap and easy to find wouldnt there be a rush of people doing it? Automatic 1000% gain

Wed, 04/27/2011 - 20:25 | 1214293 tmosley

Yeah, idiot trolls don't realize (or don't care to truthfully communicate) that the real cost of getting an oz of silver out of the ground is more like $20,000,000 +$500/ozAg -$495/tonBase Metals.

Lots of costs they don't care to talk about, and economies that don't really care much about the price of silver.

Wed, 04/27/2011 - 23:36 | 1214775 disabledvet

there appears to be a "rush for it" right now.

Wed, 04/27/2011 - 22:53 | 1214695 Dr. Porkchop

Fuck, if that were true, I'd quit my job and start digging.

Wed, 04/27/2011 - 20:22 | 1214271 Hephasteus

I know with exchange rate it's 5.86 to dig it out of the ground. In india. But it's still only 5 dollars in america.

If its 5 dollars to suck oil of the ground in america but it's 5.86 cents to suck it out of the ground in india. Then I guess the rising prices and silver and gold prices should be indicating just where we are sucking and digging.

So I guess we call the last 40 years. Go someplace cheap and suck and dig.

Wed, 04/27/2011 - 21:25 | 1214495 Iam_Silverman

"we will not charge you in dollars. We will let you buy rupees and dig it out of the ground for only 4 dollars."

"There is no contradiction. Check your premises."

Very astute catch there!

Wed, 04/27/2011 - 22:37 | 1214657 Jab Cross Hook

Agreed. Plus, once in India, I saw a guy wearing a business suit stop and squat a dump in the street. Price that memory in dollars.

Wed, 04/27/2011 - 23:09 | 1214729 Bastiat

I always wondered why the back of the suit jacket was split at the bottom.

Wed, 04/27/2011 - 23:57 | 1214810 FIAT_FixItAgainTony

lol. rough guess: $1650.00 a minute?

maybe we should try that.

I know, everyone dress up all attorney business suit like. then we all load up on t^co b3ll. then head over to our beloved fed reserve banks. on the steps of the fed banks we take dumps right then and there.

what a message ! bet THAT would get mainstream news attention!

this just in....

it appears several business leaders and attorneys had it in for the federal reserve today as close to a hundred pooped on the fed bank steps across amerika..... ...details at 11."

Thu, 04/28/2011 - 03:09 | 1214987 OldPhart

Anyone ever actually try to "dig" that shit out the ground? Jepus, even in a trench it's a major pain in the ass. Then you've got to lug your rock and ore out of the trench, through the desert to your truck. And on a 100+ degree day, it has a tendancy to tucker you out after one or two buckets.

Plus the $5 paid barely covers the beer tab for the helpers.

Wed, 04/27/2011 - 19:56 | 1214189 Id fight Gandhi

Lol.

I remember them saying if oil holds over $80 you start liquifying coal for extra supply.

Funny how people talk.

Wed, 04/27/2011 - 20:55 | 1214299 Tail Dogging The Wag

"It only costs $5 bucks to dig an ounce outta the ground" (TM)

I still laugh out loud when I read this!

Wed, 04/27/2011 - 21:58 | 1214572 Hugh G Rection

you forgot something

www.thorssoncapital.com

Wed, 04/27/2011 - 22:41 | 1214662 Jab Cross Hook

Wed, 04/27/2011 - 21:05 | 1214430 rosiescenario

...not if you are Hecla....it was actually -$1.46 in 2010....that be a minus....

Wed, 04/27/2011 - 23:29 | 1214758 Harlequin001

If I give you $10 now will you get me 2?

Wed, 04/27/2011 - 19:45 | 1214155 I only kill chi...

I only kill chickens and wheat's picture

And I was sad because our DSL was down for 2 days. Got onine this afternoon and i"m like crap ag was down. Looked at Au and said wow, the Ben show must be on. good luck to all.

Wed, 04/27/2011 - 19:49 | 1214176 FIAT_FixItAgainTony

"sweat not the corrections for they are as a fart is to the wind."

Wed, 04/27/2011 - 21:04 | 1214435 rosiescenario

...A+ on that FIAT...I got to wonder how many of the kids here even know what your name refers to???

Wed, 04/27/2011 - 21:28 | 1214504 Iam_Silverman

" got to wonder how many of the kids here even know what your name refers to???"

1975 Spider?

<sarc/> Solid reliability. <sarc off/>

Thu, 04/28/2011 - 00:12 | 1214827 FIAT_FixItAgainTony

that was always my biggest laugh, i used to fix fiat brakes and exhaust systems. they kept me very busy needless to say for the unfortunates who possessed them. on the day i awakened and learned i was using a "FIAT" currency, i was shocked. a friend who for years bought gold and silver immediately came to mind and it clicked:

FIAT currency is destined to fail just like the cars do.

such began the journey away from both the cars and the currency.

we all best be thankful some people are still foolish enough to take the Facist Retard Notes for silver and gold. that will be less and less soon enough.

Fix it again timmy ? No, you scumbag crook, we are "opting out".

btw i love your moniker rosie!

Wed, 04/27/2011 - 19:47 | 1214164 Racer

There seems to be these algos all over the place... big sudden drop then ... STOP ... go back up again... fundamentals, reasons? Forget it.. sudden drop = go back up again

When reality and fundamentals ruled... a bit.... sudden drop meant something was wrong and you didn't buy it.. now sudden drop means quick buy quick

Wed, 04/27/2011 - 20:05 | 1214218 FIAT_FixItAgainTony

i call it the banksters buy point of the day.

trick is to match it and BTFD then TPD to do best.

however, if you "overpay" a bit -

"sweat not the corrections for they are as a fart is to the wind."

like it or not, we are standing together by our education that gold and silver coin is Constitutional money and therefore under common law.

when we use the fiat, we do our commerce with their notes, so their rules apply.

how do you get a fair shake?

pay the most and "get out" of trouble.

unfair, even for a rich guy.

why is the judge there?

to impartially hear an arguement based in law and come up with a decision.

why does he get to do that, cause they're the judge?

right now, because there is no majority of 13 to override the judge.

i raise hell against those deserving it every day in america.

yt > "english freemen court"

Wed, 04/27/2011 - 23:39 | 1214782 disabledvet

but according to my "vix for Gold" and "vix for Silver" everything's just fine?

Wed, 04/27/2011 - 19:49 | 1214165 anyways

no big deal, after 50 puts are trashed and 50 calls are in, 55 is just a blink away. This momentum won't reverse soon. I hope you make a very big bonanza Tyler :)

Wed, 04/27/2011 - 19:49 | 1214167 Hephasteus

So london gold pool collapses we go pure fiat with option for people to buy gold from the market.

Now comex pool collapses and we go pure fiat with option to buy virtual silver and gold.

That pool collapses and we go pure virtual farmville currency with option to buy competing second life currency or reset and go back to real world and buy worthless dollars.

Wed, 04/27/2011 - 20:18 | 1214262 Piranhanoia

I didn't realize you yanks had a city that printed its own currency. Does this Farmville have mines?

Wed, 04/27/2011 - 20:30 | 1214294 Hephasteus

I don't know it's on facebook and I won't go there.

I finally went to myspace a few times after it was almost dead.

And I still won't go to twitter.

And I ran the beta linux version of second life a couple times, but thought a strange sandbox virtual world was pretty weird.

Wed, 04/27/2011 - 20:55 | 1214394 tom a taxpayer

Piranhanoia - Here is map of gold mining area in Virginia.

http://www.dmme.virginia.gov/DMR3/dmrpdfs/GOLD.pdf

Here is map of showing Farmville, Virginia in central part of Virginia.

http://nationalatlas.gov/printable/images/pdf/reference/pagegen_va.pdf

Wed, 04/27/2011 - 21:19 | 1214478 McNooder

That is actually fairly close to my retreat property...

Wed, 04/27/2011 - 23:50 | 1214804 disabledvet

i was "listening to Arnie" on this site yesterday and he said "drained pools cause explosions." fascinating...."unlike reactor 1" which "puffed outwards" which "was not an explosion." another word..."extrusion"? anywho is "slv extruding?"

Wed, 04/27/2011 - 19:47 | 1214168 AmazingLarry

I dunno, I see a cavern for which real prosperity will emerge right thar.

Wed, 04/27/2011 - 19:47 | 1214170 Cassandra Syndrome

The Dollar Index looks like slipping below 73 when it opens in 15 minutes time. 1.48 Euro/USD and 1.665 Sterling and the USD / Yen 82.

A nice days work by the Chairsatan.

Wed, 04/27/2011 - 19:59 | 1214197 hambone

Plus running WTI to $114, Brent to $125, Gold to $1531, Silver...could we see $50 overnight? No worries as there is no sign on the horizon of any long term inflation (ie, no transitory wage increases to go along with those transitory price increases - hmmm, that sounds a lot like stagflation???).

Wed, 04/27/2011 - 20:28 | 1214308 Cassandra Syndrome

Hovering over 73.1.

Wed, 04/27/2011 - 19:57 | 1214178 Ahmeexnal

Dollar collapse will be like a Dirac delta. Least expected moment.

*KABOOM*

Got pesos?

http://www.xe.com/currencycharts/?from=USD&to=MXN

Thu, 04/28/2011 - 10:43 | 1215832 viahj

no but i got libertads

Wed, 04/27/2011 - 19:55 | 1214195 lolmao500

And tomorrow the bond auction makes the US breaks the debt ceiling officially... so you ain't see nothing. We hit 52$ easy tomorrow.

Wed, 04/27/2011 - 19:58 | 1214200 Mr Lennon Hendrix

Pullbacks quick, Painless:

http://lhmarketwatch.blogspot.com/2011/04/pullbacks-quick-painless.html

Wed, 04/27/2011 - 20:07 | 1214225 plata pura

The neoGSR coming like a skulled 1 iron; the gas to silver ratio.

Wed, 04/27/2011 - 20:12 | 1214239 Racer

And every single move up in oil and commodities mean less and less food for the poor and pensioners.

Well done Genocidal ChairSatan Maniac and your Bankster Leeches

Wed, 04/27/2011 - 20:14 | 1214246 Manthong

So, are any real people getting skinned on the way down?

Wed, 04/27/2011 - 20:29 | 1214295 akak

IF Dangerclown sold the silver he claimed to have sold ---- or more importantly, if he had the puts in place that he claimed to have made --- then somewhere out there, there is a troll being flayed alive. Just wish I could be there to see it.

Wed, 04/27/2011 - 21:28 | 1214498 Hephasteus

Oh he had those shitty out of money puts. Or else he wouldn't have been trying to pump us into dumping.

Wed, 04/27/2011 - 23:32 | 1214770 tmosley

Don't worry. I'll send you some troll steak, and some pictures.

Wed, 04/27/2011 - 20:16 | 1214252 N_Jones

Would you guys please stop buying for like 2 days..... I need to buy some more and I can't buy much at a time, APMEX only has 2003 and earlier Eagles, and these premiums are killing me...

Really though I do have a question. Why is 1996 the KEY date for Silver Eagles? Those are 2x spot on APMEX.

Wed, 04/27/2011 - 20:38 | 1214336 Ahmeexnal

Google up "roman denarius diluted" and you'll know why.

Wed, 04/27/2011 - 21:34 | 1214515 Iam_Silverman

"APMEX only has 2003 and earlier Eagles"

What's wrong with those? They are still three-nines fine, aren't they?

1986 ASE's tend to have some numismatic value due to that being the first year they were issued.

Wed, 04/27/2011 - 21:43 | 1214541 N_Jones

No nothing wrong with them at all just APMEX charges a higher premium on older coins and low quantity orders....

Wed, 04/27/2011 - 20:18 | 1214256 FIAT_FixItAgainTony

this just in.....

even as the hammer of the morgue slams down the price in silver, the reality of the separation of the "spot price" and the "real market entity" proves stronger. the demand is so great and the supply is... a..."

"uh, the scratch and dents are over there... at +$5 frn / oz."

time for the ripley's part .....

silver is still a deal ! why? frn's are done. would i be wrong guessing 50 percent of zh'ers are like me and have zero faith in the Facist Retard Notes?

gas is almost ten cents. when it hits a nickel's worth of silver then we will know it is indeed the greatest depression right smack in the middle of the information age.

hmmm, info age. think that means we should be able to figure it out.

Wed, 04/27/2011 - 21:15 | 1214457 rosiescenario

....lets not cofuse an over abundance of information with knowledge...or even understanding....too much information and very few who can actually connect all those dots....into a trend.

Wed, 04/27/2011 - 21:38 | 1214522 Iam_Silverman

"lets not confuse an over abundance of information"

And all of it vetted for truth and accuracy before publishing in the internet.

Wed, 04/27/2011 - 22:26 | 1214634 Terminus C

A Brave New World bitchez...

Thu, 04/28/2011 - 00:22 | 1214833 FIAT_FixItAgainTony

absol-f-n-lutely. dyodd. no advise here. legal or otherwise.

disclaim everything as you stack more.

Wed, 04/27/2011 - 20:29 | 1214298 samsara

As I said a while back, I see $5 a day swings in Ag, and , I don't know, maybe $50+ day swings in Au.

Wed, 04/27/2011 - 20:30 | 1214312 lsbumblebee

JPM and company need to defend $50 for as long as possible so the bubble talk from their friends in the financial media appears plausible.

$50 silver is obviously a warning sign, and their managed destruction of the USD has to proceed slowly.

Wed, 04/27/2011 - 20:47 | 1214363 D1eeeeeNAHHHHH

Oh Danger, Oh Danger where are thou' thee?

I hope he didn't take Romeo and Juliet too seriously when he realized his love affair with a pick was never gonna be...

Come on Danger,

Relax, don't do it

http://www.youtube.com/watch?v=aLGbXHc-Ce0&feature=related

Wed, 04/27/2011 - 20:56 | 1214397 eisley79

I want to keep flaming dangertime, but I fear I might become a troll myself :)

I know he's reading this, like I told ya buddy, stew in it ;)

But that being said, all the realists know there will be pull backs along the way. I genuinely want to BTFDs too :). QE3 will be the real deciding factor in silvers medium term action imo, short term anything is possible, and longterm = LOLZ. USD Destruction Mode [x]On []Off. My last purchase of physical was at 35 actual, spot 31-32ish.

In my case, I am buying to create longterm holdings (aka investing), not trading (since 2005). I have other obligations for most of my money right now, but eventually I want to get back to monthly purchases. "On a long enough timeline, all physical assets increase in value because the dollar goes to 0".

Wed, 04/27/2011 - 20:57 | 1214413 Cruzan Stomp Revival

As much as I love AG here, I'm liking PT even more. It's just stupid under-valued relative to its rarity vs AU.

Platinum, bitchez! Is that a first on ZH?

Wed, 04/27/2011 - 21:12 | 1214452 Flakmeister

No... not the first.

I have been touting SWC and similar companies here for a long time. Look at Platmin on the TSX for a nice play...

Wed, 04/27/2011 - 21:25 | 1214492 Cruzan Stomp Revival

Thanks for the tip Flak, although I'd rather build a portfolio of PT physical before I invest in mining stocks. I'm light on PT.

I have my eye on a PAMP 10 oz bar of PT, although my wife would rather have a new car. I tell her she can't eat the car, but she always seems to have a similar comeback for bullion. Damn her back-talk!

My pimp-hand is weak.

Thu, 04/28/2011 - 00:46 | 1214871 alien-IQ

remind her that the car loses value and costs money to maintain and the PT does the exact opposite...she still won't get it but at least you'll have a seemingly rational reply..if that fails, tell her you can melt it down and make her some nice jewelry...it won't be true but it will at least buy you some time to bake another story.

Thu, 04/28/2011 - 02:55 | 1214976 RmcAZ

Buy 5oz of PT and use the rest to buy a reliable, low maintenance, high mpg, used Honda Civic.

Thu, 04/28/2011 - 08:56 | 1215382 Flakmeister

A fair proposal and compromise....

I am personally leery of holding physical Pd and Pt... Too much of an industrial component in their value and if you think the sheeple have no clue about Ag and Au, you can double that sentiment for the PGMs. I personally stick with Kruggerands and silver 50 cent pieces...tight spreads and universal recognition...

Wed, 04/27/2011 - 21:16 | 1214461 SilverDoctors

Citibank is letting us lock in physical silver now for 2013 cotton fiat!

http://silverdoctors.blogspot.com/2011/04/would-you-purchase-silver-toda...

Wed, 04/27/2011 - 22:03 | 1214576 tslv50

Hopefully Simon Black can cover his short, I think its above $38 again...

Wed, 04/27/2011 - 22:20 | 1214621 acrabbe

The vol is picking up. Looks like 2 and 3 dollar moves will become commonplace. This just tells me the spike could goto $75 if it catches the shorts off balance and the selloff could extend all the way back to $36 if too many kiddies with little hands and weak arms get caught hanging on the high branches when the bottom falls out. I like to take JPM to the woodshed on a monthly basis and use their money to buy more physical. Been trading for 6 years as a pro and am now completely in the zone in regards to my transaction discipline and risk management.

I used to be an ibanker, commodities broker, and most recently hedge fund PM. Now I trade this market publicly with a special focus on silver. hedge funds charge 2 and 20 and can't do what i do for a lowly monthly fee. there's a free trial, subscribe to follow and even autotrade from your brokerage account. Ever wonder how much $ the independents on the floor take home? take a look if you're interested in seeing how a REAL prop portfolio manager trades, and not some over-educated charlatan trying to index to a benchmark.

http://silveroptions.collective2.com

Wed, 04/27/2011 - 22:45 | 1214676 dark pools of soros

gonna sell some at $50 tomorrow just to prove this is really happening

Wed, 04/27/2011 - 23:03 | 1214719 FluffyCone

What is an alternative to SLV ETF other than Physical. I saw a list somewhere, but I don't remember. Thanks,

Thu, 04/28/2011 - 00:34 | 1214852 ninj4master

to invest in a silver mine exploitation, maybe ? :)

Thu, 04/28/2011 - 00:40 | 1214862 alien-IQ

Sprott Physical Silver Trust : PSLV

Thu, 04/28/2011 - 04:13 | 1215018 ZeroPower

SIVR.

Or you can just use margin and buy the SI futures.

Wed, 04/27/2011 - 23:29 | 1214757 John Law Lives

Look at the USD plunge vs. the EUR

EUR-USD 1.4870 at 11:30pm (Eastern) on 4-27-2011

http://www.bloomberg.com/markets/currencies/

goddam insane Chairsatan Bernank

Wed, 04/27/2011 - 23:32 | 1214769 White.Star.Line

Physical silver versus owning silver "shares"

Owning physical silver is like having a life preserver tightly strapped to your chest while sitting in the lifeboat, being lowered into the water.

Owning silver shares is like being on a lifeboat "list".

Wed, 04/27/2011 - 23:43 | 1214787 FluffyCone

I do own physical and still accumulating...
I thought I would accumulate more fiat via the paper markets.

Thu, 04/28/2011 - 02:28 | 1214949 SME MOFO

Wed, 04/27/2011 - 23:35 | 1214771 tmosley

Why do I suddenly feel like the US dollar is going to be gone when I wake up tomorrow?

Fuck. I still get paid in dollars.

Thu, 04/28/2011 - 08:59 | 1215397 tmosley

Lucky me--it didn't. Looks like everything is back to "normal". Hopefully this means we have a few more months...

Wed, 04/27/2011 - 23:36 | 1214772 Bear

Silver (sik11 and sin11) bid and ask up to a dime apart ... we may just see some consoldation from here.

Wed, 04/27/2011 - 23:46 | 1214791 monopoly

Just got home and see that we did ok today. We are right on plan. The dollar really took it in the shorts today.

Does anyone know if they indicted Bernank today? lol

What a farce this country is.

Thu, 04/28/2011 - 00:05 | 1214819 Bear

All of his friends got in a room and asked him really tough questions ... and then they got the crown out to make him king

Thu, 04/28/2011 - 00:22 | 1214836 ssoniindia

Just wanted to give you'll a perspective from India. I have been buying physical silver since it was $22 in India. No problem of supply. Last week when i wanted to add more physical, my dealer says there is short supply. Will commit the price but will need 7-10 days for delivery. This has NEVER happened ever in the past as far as i can remember ! This is the case all over India. Whomever i talk to is buying physical silver - there are no ETF's in india so people have to buy Physical Silver. Therefore, i don't see the shortage going away, only increasing as the marriage season gets underway in full swing.

Thu, 04/28/2011 - 00:56 | 1214883 Bear

Thanks for your ideas ... this is what's great about ZH

Thu, 04/28/2011 - 02:39 | 1214957 Hushups

Where I am at (CA, USA) the local dealer I go through is not only out of physical but has stopped taking orders as well, after being told by his supplier that more orders coming in than could be covered. Pretty interesting change from 6 weeks ago when I could buy/pre-order as much as I liked.

Thu, 04/28/2011 - 04:38 | 1215023 Sudden Debt

Here in Belgium, only some coin dealers had silver bullion. Almost all of them are sold out. Only the real expensive collector items remain.

Same for the old expensive coins. You can hardly find any anymore who sell a bit above spot.

The hunt for silver is getting more fun every day!

I has become a quest to find the fairly priced once, and I love it :)

But I'll have to cut down a bit on my purchases because my accounts have mostly been drained and I'm using income money to buy right now and the volume is way lower than before. Now I only buy about 1 to 1 1/2 kilo's in silver coins a month and for that I'm cutting back on some luxeries.

Next month, I think it will be my last purchases because in the summer I usually spend a lot more and I already spend my comming bonus to so it's getting a bit tight right now.

I never thought I would experience the time where I had to say to myself: "I hope there's still enough on my card" when I buy stuff".

And my lattest big stress is storage... I'm freaked out on going on vacation next month while having it all in the house.

Thu, 04/28/2011 - 01:15 | 1214902 eddiebe

I'm in Switzerland buying silver soup spoons and forks @ Fr. 1. a piece in second hand stores. Now that's a deal!

Thu, 04/28/2011 - 04:40 | 1215024 Sudden Debt

That's very risky. I hope you have a good understanding about that stuff because I can't tell what's plated and what's not and everybody can hammer a sterling mark into it.

Thu, 04/28/2011 - 03:09 | 1214986 e_goldstein

you ain't seen nothing yet.

Thu, 04/28/2011 - 03:28 | 1214997 nathan1234

I wonder why all of you are getting bugged by Mutt Man err Meth Man. The bloke is a true plant being paid to act as a shill. The less attention you pay him the better.

Thu, 04/28/2011 - 04:53 | 1215031 goldnbull

If/when silver breaks $50 does anyone else expect to see a decent drop off (of similar, perhaps greater proportions to this one) This will then be a good opportunity to 'BTFD' as people here seem very inclined to say.

Can't wait to see how this all pans out.

Thu, 04/28/2011 - 06:35 | 1215105 Dangertime

Ahhhh, the second batch of bag-holders have arrived. Awesome.

Thu, 04/28/2011 - 07:46 | 1215188 yabyum

Ag up 2.50$ at this moment. How is your fisting goin' danger? P.S. to echo the above, my coin guy has little product that does not carry a higher collector premium.

Thu, 04/28/2011 - 08:46 | 1215332 Dangertime

From what I can see Silver hasn't reached a new high yet since a couple of days ago. Even after the Fed speech.

I expect some bloody battles the next couple of days. I wonder how strong of armour silver makes?

Thu, 04/28/2011 - 09:01 | 1215401 tmosley

You're still blustering?

Face it, you've lost.

Silver - 10% One Day Drop Followed A 76.4 One Day Retracement

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