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Silver At $38.01 As Gold Hits New All Time High

Tyler Durden's picture




 
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Thu, 03/24/2011 - 10:53 | 1095127 baby_BLYTHE
baby_BLYTHE's picture

Silver, Bitchez...

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

Thu, 03/24/2011 - 11:01 | 1095221 HelluvaEngineer
HelluvaEngineer's picture

$DXY = 75.50

MISSION ACCOMPLISHED

Thu, 03/24/2011 - 11:14 | 1095298 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 | 1095331 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 | 1095807 MrBoompi
MrBoompi's picture

Now that's fuckin funny!

Thu, 03/24/2011 - 12:20 | 1095586 BigJim
BigJim's picture

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

Thu, 03/24/2011 - 13:20 | 1095866 Hephasteus
Hephasteus's picture

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

Thu, 03/24/2011 - 11:19 | 1095316 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 | 1095341 The Deacon
The Deacon's picture

You are an inspiration to 13 year old girls everywhere! 

 

Thu, 03/24/2011 - 11:28 | 1095359 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 | 1095395 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 | 1095581 SilverRhino
SilverRhino's picture

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

Thu, 03/24/2011 - 12:21 | 1095595 BigJim
BigJim's picture

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

Thu, 03/24/2011 - 12:31 | 1095648 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 | 1095582 SilverRhino
SilverRhino's picture

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

Thu, 03/24/2011 - 11:40 | 1095422 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 | 1095463 trav7777
trav7777's picture

you datin anyone, shawty?  Holla at yer boy

Thu, 03/24/2011 - 12:04 | 1095518 baby_BLYTHE
baby_BLYTHE's picture

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

Thu, 03/24/2011 - 15:56 | 1096510 trav7777
trav7777's picture

I have MUCH more gold chains than that guy LOL

Thu, 03/24/2011 - 20:29 | 1097641 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 | 1095425 Robot Traders Mom
Robot Traders Mom's picture

+1 Deacon

Thu, 03/24/2011 - 11:20 | 1095332 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 | 1095441 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 | 1095456 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 | 1095247 SilverRhino
SilverRhino's picture

Damn, so much for resistance at 38.

Thu, 03/24/2011 - 13:00 | 1095759 Triggernometry
Triggernometry's picture

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

Thu, 03/24/2011 - 15:15 | 1096324 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 | 1097734 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 | 1095129 Cistercian
Cistercian's picture

 Excellent!

Thu, 03/24/2011 - 10:49 | 1095133 tmosley
tmosley's picture

BTFS-Buy the fucking spike.

Thu, 03/24/2011 - 10:54 | 1095164 Long-John-Silver
Long-John-Silver's picture

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

Thu, 03/24/2011 - 15:17 | 1096331 Inibo E. Exibo
Inibo E. Exibo's picture

+1

Thu, 03/24/2011 - 11:07 | 1095269 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 | 1095383 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 | 1095136 slow_roast
slow_roast's picture

Radioactive bitchez!

Thu, 03/24/2011 - 11:20 | 1095333 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 | 1095358 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 | 1095510 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 | 1095141 Ruffcut
Ruffcut's picture

Saw it pop that cherry, pretty good.

Thu, 03/24/2011 - 10:51 | 1095142 fiftybagger
Thu, 03/24/2011 - 10:50 | 1095146 EscapeKey
EscapeKey's picture

$3 off Johnny Bravo disappearance territory.

Thu, 03/24/2011 - 11:08 | 1095268 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 | 1095282 tmosley
tmosley's picture

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

Thu, 03/24/2011 - 11:10 | 1095284 OpenEyes
OpenEyes's picture

I actually sort of miss Johnny Bravo.  

Thu, 03/24/2011 - 11:15 | 1095300 tmosley
tmosley's picture

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

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