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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baby_BLYTHE's picture

Silver, Bitchez...

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

HelluvaEngineer's picture

$DXY = 75.50

MISSION ACCOMPLISHED

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

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!

The Deacon's picture

You are an inspiration to 13 year old girls everywhere! 

 

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.

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.   :)

SilverRhino's picture

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

BigJim's picture

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

baby_BLYTHE's picture

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

Credit is evil.

SilverRhino's picture

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

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.

trav7777's picture

you datin anyone, shawty?  Holla at yer boy

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!.

 

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. 

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.

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? 

SilverRhino's picture

Damn, so much for resistance at 38.

Triggernometry's picture

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

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.

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.

tmosley's picture

BTFS-Buy the fucking spike.

Long-John-Silver's picture

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

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 . . .

mick_richfield's picture

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

 

Fed delenda est.

slow_roast's picture

Radioactive bitchez!

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....

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).

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.

Ruffcut's picture

Saw it pop that cherry, pretty good.

EscapeKey's picture

$3 off Johnny Bravo disappearance territory.

Troll Magnet's picture

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

tmosley's picture

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

OpenEyes's picture

I actually sort of miss Johnny Bravo.  

tmosley's picture

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