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Silver At $38.01 As Gold Hits New All Time High

Tyler Durden's picture





 

Silver just passed $38 as gold just hit a new all time high. What can one say but "Thank you Chairsatan."

 

 


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Thu, 03/24/2011 - 10:53 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

Silver, Bitchez...

BTFD a few weeks ago, SO GLAD I DID :)

Thu, 03/24/2011 - 11:01 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

$DXY = 75.50

MISSION ACCOMPLISHED

Thu, 03/24/2011 - 11:14 | Link to Comment Arthor Bearing
Arthor Bearing's picture

Silver is moving independently of oil and gold (H/T Turd), I think this sudden surge is more about the expiring silver contracts as more and more people catch on to how undervalued this metal is and how pervasive its price manipulation has been

Thu, 03/24/2011 - 11:22 | Link to Comment Thomas
Thomas's picture

Photo montage of Blythe...

http://dont-tread-on.me/blythe-masters-of-jp-morgue-rides-the-silver-roc...

She's having a Fuku moment.

Thu, 03/24/2011 - 13:09 | Link to Comment MrBoompi
MrBoompi's picture

Now that's fuckin funny!

Thu, 03/24/2011 - 12:20 | Link to Comment BigJim
BigJim's picture

Math man. Paging Math Man. Do you read me?

Thu, 03/24/2011 - 13:20 | Link to Comment Hephasteus
Hephasteus's picture

He's in accouting class and he has to run the dildo store tonight.

Thu, 03/24/2011 - 11:19 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

As if I have any effect on the markets with my measly $500 trading account!

I am just trying to have a good time and keep up with inflation a bit.

That being said, END THE FED!

Thu, 03/24/2011 - 11:22 | Link to Comment The Deacon
The Deacon's picture

You are an inspiration to 13 year old girls everywhere! 

 

Thu, 03/24/2011 - 11:28 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

Thanks Deacon, although I will be 21 this May ;)

BTFD, doesn't mean much to kids that have 50 cents in their pockets.

Thu, 03/24/2011 - 11:34 | Link to Comment SilverIsKing
SilverIsKing's picture

With $500 and a trading account with 100x leverage, you can buy about 1,300 oz of silver at $38.  A move from $38 to $39 will give you a $1,300 profit, or 260% ROI.  A move down to $37.62...well...it's only 500 bucks.   :)

Thu, 03/24/2011 - 12:20 | Link to Comment SilverRhino
SilverRhino's picture

And if it moves to 35 on a massive set of raids?

Thu, 03/24/2011 - 12:21 | Link to Comment BigJim
BigJim's picture

Then you''ll be glad you used your Dad's credit card.

Thu, 03/24/2011 - 12:31 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

Nope. I was emancipated from my parents at 16 (DEAD SERIOUS).

Credit is evil.

Thu, 03/24/2011 - 12:20 | Link to Comment SilverRhino
SilverRhino's picture

And if it moves to 35 on a massive set of raids?

Thu, 03/24/2011 - 11:40 | Link to Comment KinorSensase
KinorSensase's picture

fer realz.  i scraped and scrounged my way into 44 toz. as a college student on a shit budget over this semester....my car needs about $1500 in work that I spent on silver instead, so now I ride my bike a lot.  Sucks being broke as a result, but at least Ag is affordable to the poor man.  I wanted the fucking dip so bad last week, but I still value my kidneys enough to keep both.

Thu, 03/24/2011 - 11:51 | Link to Comment trav7777
trav7777's picture

you datin anyone, shawty?  Holla at yer boy

Thu, 03/24/2011 - 12:04 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

LOL, made my morning!^^^. Thanks for the laugh.

Thu, 03/24/2011 - 15:56 | Link to Comment trav7777
trav7777's picture

I have MUCH more gold chains than that guy LOL

Thu, 03/24/2011 - 20:29 | Link to Comment DosZap
DosZap's picture

That your here at 25, and have your head screwed halfway on about these issues is amazing to begin with.

Good on you girl!.

 

Thu, 03/24/2011 - 11:41 | Link to Comment Robot Traders Mom
Robot Traders Mom's picture

+1 Deacon

Thu, 03/24/2011 - 11:20 | Link to Comment Larry Darrell
Larry Darrell's picture

And there's the whole rub.

I just wish I could get people to grasp what is going on here.

Everything is up in dollar terms.

And whether we get one last grasp at "dollar safety" or not, this is the

CRACK UP BOOM.

The news and rumor control are now completely irrelevant to the "market" because everyone is a chasing a "return" on something/anything.

Most have no idea that whatever "return" they make will still be rendered worthless.

There is no longer any reason to hold any paper asset. 

Thu, 03/24/2011 - 11:46 | Link to Comment ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

I find it a little hard to breathe whenever I think about this.  I mean, are we really here now?  It certainly feels that way. 

 

When this one pops are there enough taxpayers on earth to service the new debt associated with the required bailouts?  If not, then it really will be time for a great reset.

Thu, 03/24/2011 - 11:48 | Link to Comment JLee2027
JLee2027's picture

There is no longer any reason to hold any paper asset. 

Somebody gets it....

No matter how good the stock, it's dangerous to hold stocks now. Markets and Banks will be closing when the Crack up Boom strikes. In Egypt, the stock market has been closed for 2 months. What good is stock then? 

Thu, 03/24/2011 - 11:04 | Link to Comment SilverRhino
SilverRhino's picture

Damn, so much for resistance at 38.

Thu, 03/24/2011 - 13:00 | Link to Comment Triggernometry
Triggernometry's picture

Ditto, when I dip, you dip, we dip.

Thu, 03/24/2011 - 15:15 | Link to Comment Watauga
Watauga's picture

Get ready for the pullback to $1225 gold and $23 silver.  Without it, this bull market will not go as long or as high.  Way overbought in both right now.  Long term bull needs the pullback to ensure longer rise and higher top.

Thu, 03/24/2011 - 20:59 | Link to Comment DosZap
DosZap's picture

Gotta disagree, this PM market hasn't even started in the USA.

People are in rectal defilade.

For this Mkt to be overbought, it has to draw in the sheeple, at best maybe, maybe 10% are in it in any way, form or fashion.

If it were way overbought you would be seeing 6 mos deliveries on Slvr, and Gold.

Not even close.

Thu, 03/24/2011 - 10:50 | Link to Comment Cistercian
Cistercian's picture

 Excellent!

Thu, 03/24/2011 - 10:49 | Link to Comment tmosley
tmosley's picture

BTFS-Buy the fucking spike.

Thu, 03/24/2011 - 10:54 | Link to Comment Long-John-Silver
Long-John-Silver's picture

It will be yesterdays dip.......

Thu, 03/24/2011 - 15:17 | Link to Comment Inibo E. Exibo
Inibo E. Exibo's picture

+1

Thu, 03/24/2011 - 11:07 | Link to Comment H. Perowne
H. Perowne's picture

Endorphin rush . . . where's Meth Man or Rotorooter to tell me that it "only costs 5 bucks to dig it out of the ground" and blah blah blah . . .

Thu, 03/24/2011 - 11:33 | Link to Comment mick_richfield
mick_richfield's picture

He has apologized to his masters -- formally -- and will soon be replaced by three more artificial personalities.

 

Fed delenda est.

Thu, 03/24/2011 - 10:51 | Link to Comment slow_roast
slow_roast's picture

Radioactive bitchez!

Thu, 03/24/2011 - 11:20 | Link to Comment johnQpublic
johnQpublic's picture

http://finance.yahoo.com/news/Toyota-tells-US-plants-cnnm-1619359983.htm...

 

toyota shutting down US operations because of supply line issues

 

 

silver to 45 before the end of april....

Thu, 03/24/2011 - 11:28 | Link to Comment snowball777
snowball777's picture

Expect 3,000-5,000 new claims (or at least a bunch of pissed off line workers who won't get paid, but can't do shit about it).

Thu, 03/24/2011 - 12:01 | Link to Comment Eternal Student
Eternal Student's picture

Some people are making a big deal of this, but have completely forgotten what happened about a year ago.

Remember the Toyota brake problem? They shut down their factories on a number of models until they could get all of the problems fixed. IIRC, they were shut down for a longer period of time.

So, if they can get their factories open this weekend as scheduled, it's not going to be a big deal.

Thu, 03/24/2011 - 10:50 | Link to Comment Ruffcut
Ruffcut's picture

Saw it pop that cherry, pretty good.

Thu, 03/24/2011 - 10:51 | Link to Comment fiftybagger
Thu, 03/24/2011 - 10:50 | Link to Comment EscapeKey
EscapeKey's picture

$3 off Johnny Bravo disappearance territory.

Thu, 03/24/2011 - 11:08 | Link to Comment Troll Magnet
Troll Magnet's picture

but, but math man said silver was going down to $20! or was it $5?
math man? math man!!!!!!

Thu, 03/24/2011 - 11:10 | Link to Comment tmosley
tmosley's picture

All in all he's just another troll corpse in the road.

Thu, 03/24/2011 - 11:10 | Link to Comment OpenEyes
OpenEyes's picture

I actually sort of miss Johnny Bravo.  

Thu, 03/24/2011 - 11:15 | Link to Comment tmosley
tmosley's picture

He can be found in one of the many tent cities around Boulder, CO if you want to go visit.  

Thu, 03/24/2011 - 14:13 | Link to Comment eaglefalcon
eaglefalcon's picture

 i was in boulder a few months ago, nice town , good restaurants  , truckloads of college kids, dont remember seeing tents?

Thu, 03/24/2011 - 15:24 | Link to Comment tmosley
tmosley's picture

Not in the center of town, anyways.

Thu, 03/24/2011 - 22:36 | Link to Comment Tail Dogging The Wag
Tail Dogging The Wag's picture

Not anymore. He hitched a ride to warmer climes: Saint Petersburg FL - Hope City (higher end Tent City).

Thu, 03/24/2011 - 11:17 | Link to Comment mrgneiss
mrgneiss's picture

Didn't he say he'd off himself if gold ever hit $1450?  I wonder what he's doing at this instant.............

Thu, 03/24/2011 - 11:45 | Link to Comment mick_richfield
mick_richfield's picture

Sitting on a couch in a house trailer, ignoring the phone that won't stop ringing, and staring at a silver bullet in the palm of his hand.

 

Fed delenda est.

Thu, 03/24/2011 - 22:39 | Link to Comment Tail Dogging The Wag
Tail Dogging The Wag's picture

He could not afford a telephone this time and he sold the trailer for paper money. Now he's renting a tent in St Pete FL and soliciting...  yeah, soliciting.

Thu, 03/24/2011 - 14:15 | Link to Comment eaglefalcon
eaglefalcon's picture

i remember he was long on illinois municipal bonds  and put  every penny in them

Thu, 03/24/2011 - 12:24 | Link to Comment Cyrano de Bivouac
Cyrano de Bivouac's picture

I miss Johnny Bravo too, he's buried on Boot Hill, I've heard.

Thu, 03/24/2011 - 10:52 | Link to Comment silvertrain
silvertrain's picture

 Long metal detectors..

Thu, 03/24/2011 - 10:51 | Link to Comment I think I need ...
I think I need to buy a gun's picture

but my wife is complaining all her friends are planning trips to disney on facebook

Thu, 03/24/2011 - 10:54 | Link to Comment SheepDog-One
SheepDog-One's picture

Disney is the worst vacation anyone could plan. Totaly overpriced garbage. Let the sheep do what they want! Within a year theyll be in food riots, so let them have their sheeple american fun now.

Thu, 03/24/2011 - 11:12 | Link to Comment DosZap
DosZap's picture

Yes, by all means do it now, next year will be the ALL AROUND THE TENT CITY TOUR.

I figure it's time (tomorrow for Blythe to throw a wrench in this Lil UP^, and if the damned paper holders do not sell en masse.

Gotta get this beach thru $40.00.............

Thu, 03/24/2011 - 11:23 | Link to Comment Temporalist
Temporalist's picture

Greatest vacation spot ever what are you talking about?  First off in Florida you get to sweat profusely in humid 90degree days, when it's not monsooning.  Then wait in line for hours to get on 2 rides a day, if you're lucky.  Also paying 20x normal prices for anything you could buy, deflation be damned.  It gets better as you get to follow around "dibilitated" people riding in their "powered mobility aids" or families with their 7 kids and Off-Road Utility baby carriages.  Luckily the nicest people are the pedophiles who often masquerade as "Disney collectors" but if you don't have kids they're not you're concern.

 

 

Thu, 03/24/2011 - 12:03 | Link to Comment Eternal Student
Eternal Student's picture

The true beauty of it is they fingerprint you, so they have all of the real idiots identified for life!

Thu, 03/24/2011 - 12:18 | Link to Comment oddjob
oddjob's picture

Disney pioneered 'thought' police.

Thu, 03/24/2011 - 11:57 | Link to Comment trav7777
trav7777's picture

fuck Dinsey..take them camping or something like that.

Who wants to hang out around a bunch of fat people who ALL dress the same, act the same, talk the same, and think the same?

Thu, 03/24/2011 - 14:51 | Link to Comment Variance Doc
Variance Doc's picture

The ZHeeple?

Thu, 03/24/2011 - 12:10 | Link to Comment SheepDog-One
SheepDog-One's picture

2 Zerohedgers LIKE Disneyland? Big whatever to that!

Thu, 03/24/2011 - 22:39 | Link to Comment Tail Dogging The Wag
Tail Dogging The Wag's picture

My hunch is the food riots in the US will be a reality by August 2011.

Thu, 03/24/2011 - 10:56 | Link to Comment Bodhi
Bodhi's picture

Facebook is where you go to complain about the weather and hit on your ex girlfriend.

 

It's 2 ounces of silver to get into the Magic Kingdom.  Soon to accept Maple Leaves.

Thu, 03/24/2011 - 11:01 | Link to Comment tmosley
tmosley's picture

Wasn't too long ago it was five.

Deflation in terms of PMs, bitches!

Thu, 03/24/2011 - 11:40 | Link to Comment GoinFawr
GoinFawr's picture

Always nice to see 'deflation' used correctly in a sentence.

Thu, 03/24/2011 - 10:59 | Link to Comment ebworthen
ebworthen's picture

Facebook = realization of Orwells "people spending their lives watching other people's lives."

And you thought soap operas were bad...

Thu, 03/24/2011 - 12:30 | Link to Comment packman
packman's picture

Yep.

Also  Facebook = the intimate details of hundreds of millions of peoples' lives - complete with pictures, videos, stories, social interactions, and a lot of financial information...

... all stored in one single database.

It's beyond Orwellian - it's Biblical.

 

Thu, 03/24/2011 - 22:40 | Link to Comment Tail Dogging The Wag
Tail Dogging The Wag's picture

+1

Thu, 03/24/2011 - 11:02 | Link to Comment Pants McPants
Pants McPants's picture

I strongly dislike the Facebook.  Unfortunately I had an account until about 3 years ago, so I'm sure I'm still in the system.

Thu, 03/24/2011 - 11:08 | Link to Comment Long-John-Silver
Long-John-Silver's picture

Tar Babies are sticky

Thu, 03/24/2011 - 11:15 | Link to Comment DosZap
DosZap's picture

Strongly recommend staying away from Facebook, between them and Google they are NOTHING but Gvt info gathering machines.Traitors.

Thu, 03/24/2011 - 13:15 | Link to Comment SilverBaron
SilverBaron's picture

Yea, but since everyone and their brother have accounts there you would probably stand out for not having one.  You'd probably be better off setting up an account and putting a bunch of bullshit info on it like how much you love Disneyland and Obama.  You could also say that you are so happy about the great job that Ben Bernanke is doing on the economic recovery.

Thu, 03/24/2011 - 11:27 | Link to Comment The Deacon
The Deacon's picture

Imagine what the East German Stazi could have done with Facebook.  The possibilities would have been endless.

Thu, 03/24/2011 - 11:05 | Link to Comment Ruffcut
Ruffcut's picture

So take her somewhere. Saving ponzi money, for what.

Either on your deathbed or during depression, you'll say; "I'm really glad I did not spend alittle cash having a good time with my loved ones".

Get your priorities, straight. Prepare your best, then make the best out of the rest.

Thu, 03/24/2011 - 12:21 | Link to Comment grey7beard
grey7beard's picture

>> Get your priorities, straight. Prepare your best, then make the best out of the rest.

 

Excellent advice, if  you have the option.  I liquidated all my city assets. Start to finish, it took me 6 years.  Took a small chunk of the proceeds and bought some acres out in the stick.  Took a large chunk and put it in metals. I left a large (for me) chunk in cash that  I'm now spending traveling the country.  I've been a frantic saver and bean counter my whole life.  Not on this journey.  I'm not being a fool, but I'm not letting costs stand in the way of us enjoying the fruits of my labor now.  It makes watching this whole slow motion train wreck much easier to handle.  Carpe Diem.

 

 

Thu, 03/24/2011 - 10:51 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

The expected consequence of printing money.

Thu, 03/24/2011 - 11:17 | Link to Comment Sopra Tutt1
Sopra Tutt1's picture

Bernanke, say something, I wanna know how you feel, cause you are driving my precious metals crazy :-)

I love Ben, he's keeping his word, print or die! This is Sparta bitchez... and the Chinese are not even awake.

Thu, 03/24/2011 - 10:51 | Link to Comment alien-IQ
alien-IQ's picture

meanwhile, the dollar resumes it's course to Zimbabwe.

Thu, 03/24/2011 - 11:22 | Link to Comment disabledvet
disabledvet's picture

Toyota, Honda, Nissan, Mazda, Subaru, Sony, Mistubishi, yen, yen, yen, yen--carry...carry...carry....

Thu, 03/24/2011 - 11:42 | Link to Comment GoinFawr
Thu, 03/24/2011 - 10:53 | Link to Comment misterc
misterc's picture

This is very bullish!

Thu, 03/24/2011 - 10:52 | Link to Comment SheepDog-One
SheepDog-One's picture

Thank you, Chairsatan! You keep floating your eye-candy equities which are actually plunging in purchasing power while I hold my silver which is kicking the crap out of your BS equity junk! Thanks buddy!

Thu, 03/24/2011 - 10:54 | Link to Comment Zero Govt
Zero Govt's picture

yes and Gold has just taken out its $1,444 record ....and nothing Benny the Bean can do about it but have the PM's rubbed under his Fiat nose... "nobody wants to buy Gold" right Benny? 

Thu, 03/24/2011 - 11:23 | Link to Comment DosZap
DosZap's picture

Anyone think we see $1,450.00 close today?.

Higher it gets, more sheeples will Jump in.

Thu, 03/24/2011 - 13:44 | Link to Comment snakeboat
snakeboat's picture

Doesn't our club want all the peeps to be buying gold n silver?  The more the merrier!  Better us lil peeps than the TTBTF m-fers

Thu, 03/24/2011 - 12:30 | Link to Comment Lndmvr
Lndmvr's picture

CNBS saying the prior top was $1449.

Thu, 03/24/2011 - 13:18 | Link to Comment SilverBaron
SilverBaron's picture

Time to ramp up production on those salted bars.  Luckily it's hard to do that with silver because it is so likely to be melted down and used for something. 

Thu, 03/24/2011 - 10:52 | Link to Comment Martin Silenus
Martin Silenus's picture

No big news yet today, wonder what's causing the spike?

Thu, 03/24/2011 - 10:57 | Link to Comment Zero Govt
Zero Govt's picture

see tanking US Dollar... down another -0.50% today

Thu, 03/24/2011 - 10:59 | Link to Comment Martin Silenus
Martin Silenus's picture

Ah, gotcha, I'm still new to all the cause/effect.

Thu, 03/24/2011 - 11:18 | Link to Comment CAUSE_EFFECT
CAUSE_EFFECT's picture

You're new to me as well, but welcome just the same, enjoy the fight club!

Thu, 03/24/2011 - 11:23 | Link to Comment Martin Silenus
Martin Silenus's picture

Well met, and thanks.

Thu, 03/24/2011 - 11:25 | Link to Comment johnQpublic
johnQpublic's picture

2nd rule of fight club....buy physical silver, and dont tell anyone(where its hidden)

Thu, 03/24/2011 - 12:37 | Link to Comment GoinFawr
GoinFawr's picture

and accept it as payment for goods/services rendered.

Disclaimer: only applies where legal, when all taxes paid/reported, and when all T's are dotted and I's are crossed; because 3/5 TBTF banks say holding physical silver/gold may lead to tongue warts, and ear pimples.

Thu, 03/24/2011 - 10:59 | Link to Comment alien-IQ
alien-IQ's picture

...and still falling...at an alarming rate.

Thu, 03/24/2011 - 11:05 | Link to Comment tekhneek
tekhneek's picture

yeah no shit... 74 you think?

Thu, 03/24/2011 - 11:14 | Link to Comment alien-IQ
alien-IQ's picture

I think if it breaks below 75, then the next real support is 74.25(ish)...if that breaks...72.50 is sure to come. Below that...70...below that....we're in uncharted territory...and a truly dangerous place.

Thu, 03/24/2011 - 11:54 | Link to Comment Oh regional Indian
Oh regional Indian's picture

I think below 70 is all out war territory because it (system) becomes totally unstable. Plus with the Yen tether as shaky as it is.... watch out below anyway. 

ORI

http://aadivaahan.wordpress.com/2011/03/24/lets-start-from-the-very-beginning-a-very-good/

Thu, 03/24/2011 - 12:59 | Link to Comment Ahmeexnal
Ahmeexnal's picture

ORI,

The european plutocracies started World War III in Libya already.

And don't forget the tragedy of Japan, facing East in sacrifice.

Another front is about to open up.  Just when you thought you'd seen it all.

Thu, 03/24/2011 - 13:26 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Indeed Ahmee. Sadder still, imagine WWI And II. What was available in terms of kill-power and the wanton destruction that was wrought (NO one, no one should Forget Dresden).

And now....so we may have seen nothing yet.

Quite a sorry state.

ORI

Thu, 03/24/2011 - 16:00 | Link to Comment trav7777
trav7777's picture

Dresden was nothing compared to Leningrad or Stalingrad.

Sat, 03/26/2011 - 15:10 | Link to Comment GoinFawr
GoinFawr's picture

or Hamburg?

Thu, 03/24/2011 - 10:56 | Link to Comment Long-John-Silver
Long-John-Silver's picture

Did you fill up the tank in your car this morning? Gasoline is up this morning and it's beginning to kick people in the head leaving a "Buy Gold and Silver" rubber burn.

Thu, 03/24/2011 - 11:17 | Link to Comment NotApplicable
NotApplicable's picture

I BTFD yesterday.

Thu, 03/24/2011 - 11:33 | Link to Comment snowball777
snowball777's picture

Diesel? ;)

Thu, 03/24/2011 - 10:59 | Link to Comment Bastiat
Bastiat's picture

It could be increasingly screaming fact that everything is screwed and Bennie will have to print like a madman to push the day of reckoning down the road a bit.

 

Thu, 03/24/2011 - 11:57 | Link to Comment JLee2027
JLee2027's picture

Yup.

Markets must stay GREEN!

Thu, 03/24/2011 - 10:54 | Link to Comment silvertrain
silvertrain's picture

 g/s ratio has now got a 37 handle, wow.....

Thu, 03/24/2011 - 11:19 | Link to Comment NotApplicable
NotApplicable's picture

At this instant, gold = silver squared.

$38.02 * 38.02 g/s

Thu, 03/24/2011 - 11:32 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

If I knew how to access charts, I would love to follow the Ag/JPM ratio.  This particular correlation is shapping up to be the battle in the war of currencies.

Thu, 03/24/2011 - 12:37 | Link to Comment packman
packman's picture

Any way to extend out beyond 3 years?

 

Thu, 03/24/2011 - 19:47 | Link to Comment SME MOFO
SME MOFO's picture

@NotApplicable

nicely done, + 38.02

Thu, 03/24/2011 - 10:55 | Link to Comment richard in norway
richard in norway's picture

but is it worth trading my petro-currency for silver

$38 an oz but the $ is nosediving

Thu, 03/24/2011 - 10:55 | Link to Comment SheepDog-One
SheepDog-One's picture

I dont know, I bought 90% of mine at $8-$10.

Thu, 03/24/2011 - 10:57 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Nice sweet spot

Thu, 03/24/2011 - 11:01 | Link to Comment Long-John-Silver
Long-John-Silver's picture

I got in at $12. My family thought I had gone nuts because I cleaned out all the 401k and IRA accounts. Now they call me an evil genius.

Thu, 03/24/2011 - 11:02 | Link to Comment fuu
fuu's picture

Gotta just love a DCA under $14.

Thu, 03/24/2011 - 11:27 | Link to Comment DosZap
DosZap's picture

SD, I hate you...................LOL

Thu, 03/24/2011 - 12:16 | Link to Comment SheepDog-One
SheepDog-One's picture

Everybody hated me back then too, I was the village idiot buying some crazy silver coins when the thing to do was flip real estate.

Thu, 03/24/2011 - 10:56 | Link to Comment Doubleguns
Doubleguns's picture

Yea Hawwww. Hows that feel JPM. Need more vasoline, too bad, take it dry bitchez.

Thu, 03/24/2011 - 11:01 | Link to Comment plocequ1
plocequ1's picture

I was reading one of Robos posts. He stated that JPM silver shorts are now long and JPM is profiting immensely. Is this correct?

Thu, 03/24/2011 - 11:11 | Link to Comment unununium
unununium's picture

If it is, they have somewhere to store it.  JPM was approved to be a COMEX depository  -- in just 2 days:

http://www.scribd.com/doc/51212528/JP-Morgan-Facility-CFTC-Approval-with...

JPM's facility at 1 Chase Manhattan Plaza is literally across the street from the New York Fed.  Beneath the New York Fed is a huge vault containing custodial metal and presumably a large part of the 10M oz Au the Fed supposedly has.  Would there be, I don't know, any tunnels connecting these two?

 

Cogent thoughts from a guy at alphaville

http://seekingalpha.com/article/259549-will-jpmorgan-now-make-and-take-d...

 

Thu, 03/24/2011 - 10:55 | Link to Comment JonNadler
JonNadler's picture

Where are Methman and Williamthe Bastard and BiggerDickus now?

 

 

Thu, 03/24/2011 - 10:58 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

Eating irradiated crow...

Thu, 03/24/2011 - 10:58 | Link to Comment Bastiat
Bastiat's picture

Involved in an ugly 3-way.

Thu, 03/24/2011 - 17:32 | Link to Comment BigJim
BigJim's picture

Don't worry, the three whoresmen of the AgPocalypse will be back when Silver 'crashes' back to 37.10

Thu, 03/24/2011 - 11:33 | Link to Comment redpill
redpill's picture

Lurking and junking, apparently.

Thu, 03/24/2011 - 11:50 | Link to Comment ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Absolutely pathetic bunch of craven cowards. 

Thu, 03/24/2011 - 10:57 | Link to Comment PulauHantu29
PulauHantu29's picture

I read the news yesterday and could not help buying more USO, GLD, PALL and SLV.

The flood of money, the unending wars, lack of leadership across the globe, meltdowns (due to poor construction?), and on and on....oil, gold, silver and palladium...Hard Assets.

Thu, 03/24/2011 - 10:56 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

WaaaaaHooooo BTFspike!!!

PMs have kicked the shitz out of equities for a decade... and they are still doing it!

Thu, 03/24/2011 - 11:03 | Link to Comment umop episdn
umop episdn's picture

I think PM's are money, and 'somebody' (hi, chairsatan!) is kicking the poo out of equities and the LOLlar. Lots of fixed-income little old grammas and grampas are getting hit with this, so I'm not terribly pleased. I'd trade all my PMs for a sound currency, but that would mean no more fractional reserve banking.

Meanwhile, a little disk of a 90% silver 'liberty' dime is worth 2.75 in LOLlars right now.

Thu, 03/24/2011 - 12:44 | Link to Comment GoinFawr
GoinFawr's picture

Your last sentence was a nice example of how, if you have physical PM's, you are already holding 'sound currency'.

Thu, 03/24/2011 - 10:56 | Link to Comment nobusiness
nobusiness's picture

Tunami - Bullish

Nuclear disaster - Bullish

Endless War - Bullish

President absent - Bullish

Fed Printing - Bullish

44 Million on Food stamps - Bullish

Consumer confidence down - Bullish

WHAT TTHE FUCK IS BEARISH?

Thu, 03/24/2011 - 11:01 | Link to Comment SheepDog-One
SheepDog-One's picture

Reality is bearish...while stocks may appear slightly green, (barely) reality says theyre getting their teeth curb stomped in real purchasing power terms.

Thu, 03/24/2011 - 11:27 | Link to Comment DosZap
DosZap's picture

An Interest rate hike...........

Thu, 03/24/2011 - 11:50 | Link to Comment Sopra Tutt1
Sopra Tutt1's picture

Running out of ink - Bearish

Thu, 03/24/2011 - 13:50 | Link to Comment SilverBaron
SilverBaron's picture

The Bernank:  Ink, we don't need no stinking ink!  Just give me that keyboard.  I can create a trillion in one second flat.  Just make sure them assholes at the supreme court back off with their auditing shit.  Tell them I'll give them a cut.

Thu, 03/24/2011 - 10:57 | Link to Comment SheepDog-One
SheepDog-One's picture

Cue RainbowTrader fawning over a chart of some BS equity stock or index which is purchasing power real value plunging in 3....2.....1...

Thu, 03/24/2011 - 11:02 | Link to Comment lieutenantjohnchard
lieutenantjohnchard's picture

i like the name rainbowtrader for our old buddy. i may have to malaprop on your genius, and change from catfish mouth to rainbowtrouttrader but still you get to collect all the residual licensing fees.

Thu, 03/24/2011 - 11:07 | Link to Comment SheepDog-One
SheepDog-One's picture

I love the 'catfishmouth' but I let you guys use that one :D

Thu, 03/24/2011 - 10:58 | Link to Comment Pants McPants
Pants McPants's picture

I'm getting a contact high from watching these price movements.

Lovin' every minute of it, too.

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