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The Silver Bears Are Back

Tyler Durden's picture




 

...And that would be bears as in cartoon bears, who are now back for the 6th installment of their periodic, and very much unique and extemely politically incorrect and PG-18 recap of key developments in the silver market. Love them or hate them, they do provide an interesting thought experiment on what happens if silver does finally experience the long-expected technical drop.

 

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Tue, 05/03/2011 - 13:47 | 1234899 Silver_Surfer
Silver_Surfer's picture

BTFD !!!

Tue, 05/03/2011 - 13:57 | 1234974 Hugh G Rection
Hugh G Rection's picture

paper games, chase out the lames

a low spot price, is quite nice

for a silver hoarder like me

Tue, 05/03/2011 - 14:37 | 1235187 Sudden Debt
Sudden Debt's picture

This is a enormously fact for everybody to read:

 

Silver Demand: The "Missing" 225 Million Ounces

The Future of Silver Futures
The U.S. Commodity Futures Trading Commission (CFTC) is about to help spur the "Second-Greatest Trade Ever".

The implications of recent events in the silver-futures market are so explosive that we could see massive gains in silver in the next 12 months alone.

Back on Oct. 26, CFTC Commissioner Bart Chilton publicly stated that "there have been fraudulent efforts to persuade and deviously control that [silver] price." Chilton even said that that he believed there had been violations to the Commodity Exchange Act (CEA) in the silver market, and that these ought to be prosecuted.

The targeted perpetrators are no less than JPMorgan Chase & Co. (NYSE: JPM) and HSBC Securities Inc. (NYSE ADR: HBC), currently facing four lawsuits that are vying for class-action status. They're accused of collusion in order to manipulate silver-futures pricing going back to early 2008, and of building immense short positions with an ultimate goal of forcing prices down for their profit.

According to the lawsuits, there were two "collapses" orchestrated by these two banks - the first in early 2008, and another in early 2010 - from which they gained massive profits.

This has attracted lots of attention and contributed to a volume surge in the trading of silver contracts - with the COMEX market on Nov. 10 reporting a new all-time record that was a full 57% above the previous one set way back in 1976. This rise in silver trading volumes - as well as in actual silver prices - has prompted futures-market operator CME Group Inc. (Nasdaq: CME) to raise silver-futures margins twice in the same week to help preserve order.

Conspiracy theories notwithstanding, it's likely that these allegations fueled the thesis that the price of silver was being suppressed, and that such downward price pressure could well ease up going forward.

Since November, massive levels of money have flowed into silver-focused exchange-traded funds (ETFs). And meanwhile, new all-time-record coin sales are being reported by the U.S. Mint, with near-record sales being reported by the Austrian Mint, Royal Canadian Mint, and Perth Mint.

So as silver-coin and ETF purchases set new records, the next question may well be: "Will there be enough silver to meet ongoing demand?"

That question leads us directly to my second silver-price catalyst - silver demand.

Silver Demand: The "Missing" 225 Million Ounces
When analysts needed to assess the global demand for silver, they have traditionally turned to GFMS Ltd., and The Silver Institute, the two organizations that are generally regarded as the most-relied-upon sources for that type of information. Together, GFMS and

The Institute make use of a category they have labeled as "implied net investment" - a catch-all grouping that's supposed to indicate institutional and retail demand for physical silver.

But noted natural-resources investor Eric Sprott (of Sprott Asset Management LP, with $8.5 billion under management) made an interesting discovery: There's very likely more - actually, a lot more - to silver demand than market observers have been led to believe.

Yet by their own admission, GFMS and The Silver Institute acknowledge that their reported data for "implied net investment" is not an observed figure, and doesn't include some of the demand coming from hedge funds or "physically backed" exchange-traded funds - a portion of the fast-growing ETF sector that's enjoying even more explosive growth. As a result, Sprott found that more than 225 million ounces of silver demand was "missing" from figures for the decade-long stretch that ended in December 2009.

And that figure doesn't include the demand from 2010, an explosive year for silver (and a year in which silver - the "other precious metal" - rallied 138% during the last eight months).

http://www.marketoracle.co.uk/images/2011/Apr/TheTruthAboutSilver.gif

 

Tue, 05/03/2011 - 14:04 | 1235008 ZeroPower
ZeroPower's picture

That trade in silver is over. A few of us were here were early to short last week, but believe me, its paying off. And im pointing at those who blasted the silver traders for doing so. 

Still looking for consolidation in high 30s/low 40s as we see today.

Tue, 05/03/2011 - 14:24 | 1235121 Hugh G Rection
Hugh G Rection's picture

You going to buy some calls and ride it back up? 

 

Get some July 50s before QE3 gets announced.

Tue, 05/03/2011 - 14:34 | 1235182 mogul rider
mogul rider's picture

QE3 won't be announced. Thus your idea has some problems.

I won't even look at silver till July. It's a bloodbath till then. I have my core position and sold my tradeable inventory of physical and the profits into gold as we always do. I will back up ther train again, just not right now till the Qe question is understood. Speculating ohere is very dangerous game.

 

Tue, 05/03/2011 - 14:47 | 1235253 earnyermoney
earnyermoney's picture

You telling me Obama, Timmy and Ben are going to let the market set the rates on Treasuries? I'm looking at the dollar for clues on that question. I think the plan from these criminals is a 50ish handle on the DXY.

Tue, 05/03/2011 - 14:50 | 1235255 Sudden Debt
Sudden Debt's picture

HA!

QE3 will come!

Exact date : Between 9 and 19 july!

Or kiss you ass goodbuy when the entire house of cards falls apart.

They just don't have any options left. All bullets have been fired.

Soon you'll see China saying: Sure we'll lend you more money! IN YUAN AND NOT IN DOLLARS! And than they revalue their currency and the US becomes China's lapdog.

No way the US, JP Morgan, Goldman and the FED would allow this! They would go bankrupt as the dollar would fall to 48 overnight!

 

 

Tue, 05/03/2011 - 15:17 | 1235384 rufusbird
rufusbird's picture

Rather astute comments...

Tue, 05/03/2011 - 17:20 | 1235802 tmosley
tmosley's picture

Funny how the apparent insanity of Sudden Debt and the insanity of the markets seem to be inversely correlated.  The crazier the markets get, the higher quality his comments become.

Tue, 05/03/2011 - 17:25 | 1235828 ZeroPower
ZeroPower's picture

Yes, however Mr. Mosley, i believe you should also confirm bashing the silver bears (or, better, silver skeptics) after that basically nonstop run to $49 wasn't of the highest quality either.

Everything can be in a short term bubble based on ridiculous and unsupport price action, PMs too.

Tue, 05/03/2011 - 18:02 | 1235934 tmosley
tmosley's picture

I bashed those who were telling everyone to sell physical silver, and who claimed they were selling their physical silver, and those whom I caught lying.  RobotTrader only gets hit because he fails in a consistent manner to outperform a lump of metal.  When you can't beat a lump of metal, it's time to hang up the hat, as I have.  If you can't beat em, join em.

Those who did not do any of those things did not feel more than a couple of light stings from my lash.  Take topcallingtroll, for instance.  I called him an idiot a few times, but I have come to appreciate his opinions.  He is a REAL trader, though a bit too eager to use contrarian indicators.

These people have an agenda, make no mistake.  Maybe it is a personal one, but with the literally dozens of people who registered in the last 7 weeks who started speaking only in the last month to do literally nothing but bash silver, no-one can realistically rule out a coordinated effort of some sort.

Tue, 05/03/2011 - 18:31 | 1236070 gmrpeabody
gmrpeabody's picture

And IF that were true, ZH is a perfect platform from which to operate!

Then again.., maybe one should just "sell in May and go away..."

Tue, 05/03/2011 - 15:30 | 1235444 JW n FL
JW n FL's picture
by Sudden Debt
on Tue, 05/03/2011 - 14:50
#1235255

 

HA!

QE3 will come!

Exact date : Between 9 and 19 july!

Or kiss you ass goodbuy when the entire house of cards falls apart.

They just don't have any options left. All bullets have been fired.

Soon you'll see China saying: Sure we'll lend you more money! IN YUAN AND NOT IN DOLLARS! And than they revalue their currency and the US becomes China's lapdog.

No way the US, JP Morgan, Goldman and the FED would allow this! They would go bankrupt as the dollar would fall to 48 overnight!

**************************************************************

 

China: The Rich Are Fleeing http://goo.gl/FSTw4

 

Everyone should buy the dip, everyone should be getting tangible and everyone should be prepared for a monetary shift... I like the executive order 11110 myself.. as it takes us back to a PM based dollar and as well blows out all that 6% carry and debt owed the FED.

 

But people like to play with fire.. I hope none of you get bured here, I would hope all here do well.

 

Whatever your choosen path, please have a plan "B" that is easily executable.

 

For the record I am buying silver today. $41.+

Tue, 05/03/2011 - 15:39 | 1235478 Smiddywesson
Smiddywesson's picture

We are going to go bankrupt.  That won't happen until the banks have wrested the last bit of who-hash from the Treasury.

 

The Chinese can beat their chests, but nobody trusts them, nobody.  After getting screwed by the US, China is not going to get reserve status.  When everybody starts closing their markets to free trade, the Century of China is going to be frozen in carbonite.

Tue, 05/03/2011 - 15:49 | 1235510 Sudden Debt
Sudden Debt's picture

The EU is a 15 trillion market. Do you think we'll stop living when the dollar vaporises?

Will the US stop buying products and stop consuming because the dollar vaporises?

NOP

 

Wed, 05/04/2011 - 04:05 | 1237217 zhandax
zhandax's picture

SD, I appreciate you, but do you really think the Euro will emerge unscathed when the dollar vaporizes?  You won't stop living; just like European crises in the past and the US of the future, you will be trading '52 quarters for a tank of gas.  -Fortunately, you probably have some-

Wed, 05/04/2011 - 06:46 | 1237290 Sudden Debt
Sudden Debt's picture

Totally not. I wonder why they keep believing the Euro can carry on.

The game just doesn't work.

The Euro can only work if you use it with a latin currency based system. And that's with a gold and silver standard.

1. All euro's need to be silver and gold.

2. Every country can make as many euro's as they want! As long as they are made out of silver or gold.

3. So if a EU country is broke, but has plenty of gold and silver mines (HA!) they shouldn't have a problem. Otherwise: Sell assets untill you have the gold and silver.

 

How otherwise can you allow countries to print money without any backing?

How fair is the system if on gets to print some and the other... can't?

For example: Portugal gets 100 billion, fine by me! Sure! BUT!! Belgium should also get 100 billion. Greece gets 100 billion, fine by me too! BUT!!! Belgium should also get 100 billion.

It's like your kids. I can't give one of my kids 100euro and say to the other one: Nothing for you, go find a part time job! I don't think he'd love me for that.

 

Tue, 05/03/2011 - 17:38 | 1235886 arizona11912
arizona11912's picture

The Chinese have had explosive growth in their M1 from 2009 to present. China is not much better shape than the US in the short term.

Tue, 05/03/2011 - 18:19 | 1236018 Jendrzejczyk
Jendrzejczyk's picture

+ at least 20 for "who hash".

Tue, 05/03/2011 - 18:21 | 1236029 akak
akak's picture

My sister and I still always refer to roast beef as "roast beast", lol.

Tue, 05/03/2011 - 20:27 | 1236461 Jendrzejczyk
Jendrzejczyk's picture

Almost 50 years old and still do the same. Roasted beast is the best.

Tue, 05/03/2011 - 21:20 | 1236570 tmosley
tmosley's picture

Roasted troll is best.

Like in the end credits of this video: http://www.youtube.com/watch?v=2K3yoqZhpC0

Tue, 05/03/2011 - 17:14 | 1235790 MCHedgeHammer
MCHedgeHammer's picture

its a breath of fresh internet to see some unbiased commentary on silver

Tue, 05/03/2011 - 17:26 | 1235832 ZeroPower
ZeroPower's picture

Indeed, it is hard not to be biased when financially involved in something, but as with all aspects in life, rationality trumps plain stupidity.

Tue, 05/03/2011 - 17:21 | 1235812 ZeroPower
ZeroPower's picture

Have closed out my silver puts close to end of day trading today, and am now considering some calls BUT rather wait for conviction and miss a few bucks to the upside than long early and hate myself for it and potentially have a stoploss hit.

Will keep the board posted if i do go back long again.

Tue, 05/03/2011 - 18:12 | 1236001 hamurobby
hamurobby's picture

Got my butt kicked this week and deserved it. Bought more calls at the close. Being the contrarian indicator that I am, silver will probably hit $30 by Friday.

Tue, 05/03/2011 - 23:50 | 1236969 laughing_swordfish
laughing_swordfish's picture

Got into SLV and SLV calls at 36 closed out at 46.91 Friday.

Bought the June 47 puts yesterday ...took the profits from the runup down to my favorite coin dealer and bought some 1 oz Ag and anothe 1 oz. bar of Au.

PHYSICAL BITCHEZ

Tue, 05/03/2011 - 14:28 | 1235130 mogul rider
mogul rider's picture

Yeah I notice the pumpers have left the house. People always be careful with these PM's. They  have a magic like no other investment or trade or......

Just keep your heads next time the top comes in these cycles.We will have many more of these IMHO before the ride is over.

Silver always hurts people who get too passionate about it. Take your emotions away, have a target and hit the button or put in the stops.

 

But DON"T GET GREEDY!!!

As I said that day when I sold in low 49's, I hit my target and I sold. Did I want to? Absolutely not!!!!

Look at Turd trading paper, that is what happens here.

But the insurance trade of silver disappeared after 24 bucks. It became a trade as it always has when the specs roll in.

 

 

Tue, 05/03/2011 - 14:39 | 1235199 Dangertime
Dangertime's picture

Very wise words.

Tue, 05/03/2011 - 18:33 | 1236087 gmrpeabody
gmrpeabody's picture

+1

Tue, 05/03/2011 - 14:43 | 1235230 tmosley
tmosley's picture

My physical silver is just fine.

Will be buying more next week if this dip holds up long enough.

The end will come suddenly, and without warning, just in time to catch the maximum number of people with their pants around their ankles.  If you, like Dangertime, have divested yourself of physical silver, you will be strung up like a Christmas turkey.

Sorry if you don't want to hear that.

Tue, 05/03/2011 - 15:22 | 1235381 long juan silver
long juan silver's picture

 

But why next week?

You said silver would be $49 Friday.

Do you to need a paycheck first? Hehe

Tue, 05/03/2011 - 15:37 | 1235471 tmosley
tmosley's picture

Right, implying you sent an email to my "boss" to try to get me fired.

You are contemptable filth.

Think about what would actually happen if you succeeded in getting me fired.  Think about what I would do with all my free time, chemical knowledge, and hatred for the individual who had done that to me.  You really want to make a real life enemy who wants blood?

Tue, 05/03/2011 - 18:38 | 1236097 gmrpeabody
gmrpeabody's picture

You're not letting a bottom-feeder affect your blood pressure, again, are you?

Tue, 05/03/2011 - 21:22 | 1236575 tmosley
tmosley's picture

Nope.  My job will literally be the last to go if something were to happen to my company.

The salty Mexican food I had for lunch had more effect than this clown.

Tue, 05/03/2011 - 15:37 | 1235454 Hook Line and S...
Hook Line and Sphincter's picture

Dangertime is no dunce tmosley, in fact, he has a heart of coal like the grinch. He has shown himself to be intelligent enough to understand the paper game, while talking down the weak hands at ZH. He literally, no matter what he says, is in the process of funneling the wealth of ZH'r (and whatever else thread he is on) who do not understand well enough the essence of silver in a collapsing cyclical fiat system directly into his pocket, AND the open hands of whomever might be his employer.

Tue, 05/03/2011 - 16:12 | 1235594 eisley79
eisley79's picture

yah, some idiot community college kid in his mom's basement lying about fake investments and imaginary cars, while having every single prediction he posts be absolutely wrong, is definitely showing his intelligence.  But hey, dont take my word for it:

------------------------------------
by Dangertime
on Fri, 04/29/2011 - 08:20
#1219786

Silver will break $50 next week and march possibly even to $60.

------------------------------------

Tue, 05/03/2011 - 17:27 | 1235849 Dangertime
Dangertime's picture

Perhaps you should stop cherry picking my posts?

You know I bought a shit-ton of puts at 49 so why don't you go ahead and post that?

And YOU guys complain about manipulation.  You are only lying to yourselves.

Wed, 05/04/2011 - 10:02 | 1237818 eisley79
eisley79's picture

you should stop dodging my posts, you didnt buy shit.  STILL waiting for you to submit a link to a pic proving any of your baseless claims of inestments, but you wont.

 

You said silver peaked last time it dipped, and it went back up, OWNED, then last week you said it would go up to 60 (conceding your error only 5 days previous), again you got owned cause it dipped again.

 

I am not a trader-- I am an investor, I didnt say anything about manipulation so you dont know where I stand there.  As for investments, I have been buying silver(physical only) since 2005, and holding it myself.  I could care less about day to day movements, and I gave you my words on where silver is going.  Feel free to debate any of my points. 

 

The last time I bought silver was spot 32 in february, and its still way up from that, on top of the fact that I would never sell lol, there is no such thing as a loss for me.  Silver was going up a dollar a day, everyone knew it would slow down and have corrections.

The fact is, every prediction you have made on this site has been wrong, so keep going, what happens next princess

Tue, 05/03/2011 - 17:17 | 1235793 Sovereign-T
Sovereign-T's picture

With you, T. Gotta a friend that wants to liquidate at spot- I'm taking it all.

Tue, 05/03/2011 - 17:20 | 1235820 tmosley
tmosley's picture

Before you do, find out if your friend wants a new friend.

Tue, 05/03/2011 - 17:26 | 1235842 Dangertime
Dangertime's picture

I hardly think over a 100% gain on my puts strings me up.

Tue, 05/03/2011 - 18:04 | 1235966 tmosley
tmosley's picture

I hardly think my 200% gain is anything to sneeze at.

You got lucky and made some bucks.  You were totally unhedged, and you sold your physical silver like a fool, without thought to the tax implications, and encouraged others to do the same, even though you KNEW that they would realize a huge tax liability.  What would you have done if it really was a bubble, and it in fact rose by 500% to $250, and then "popped" and fell to $150?  You would have been totally screwed.

You don't think, and that's your problem.

Wed, 05/04/2011 - 11:08 | 1238242 GoinFawr
GoinFawr's picture

100% my ass DT, you just broke even. Today.

Tue, 05/03/2011 - 15:12 | 1235339 Sudden Debt
Sudden Debt's picture

HA!

Months we didn't hear from morons like you, and a few days down and like mushrooms after the rain you pop up.

Europe is in a mess, the US is sinking through the bottom... you have no fundamental to support the drop besides short term manipulation.

Silver will go to 451 within the next 2 years.

I'm not a daytrader that jumps off on a down move. I have patience. Lots and lots of patience. Years of patience. I don't hold the paper.

And you've got the debt clock running against you brother :)

 

LET'S HOPE THEY BRING IT DOWN TO 1$

I WILL BE WILLING TO BUY IT FOR 5$ FROM EVERY IDIOT THAT SELLS IT!

 

 

Tue, 05/03/2011 - 15:15 | 1235373 Dr. Richard Head
Dr. Richard Head's picture

Logic to a troll?  That's like trying to explain quantum physics to a toddler.  Best use smaller words and pictures.  Fundamental analysis, no matter how logical, will get lost without rhyming monosyllabically.

Tue, 05/03/2011 - 15:28 | 1235436 Bay of Pigs
Bay of Pigs's picture

Or like comparing Shakespeare to the Three Stooges...

Tue, 05/03/2011 - 18:43 | 1236114 gmrpeabody
gmrpeabody's picture

...why you ignoramus!  ;- )

Tue, 05/03/2011 - 15:53 | 1235529 HoofHearted
HoofHearted's picture

I do have to say that I jumped ship on my margin accounts just last week. I thought 48 was a little toppy, so I took the stuff I'd been buying on credit cards (the real kicker was the JP Morgan Chase card with 18 months and no interest) and sold it. I now have the cash profits from those purchases (and all the cash, as why pay off the Morgue until I have to?) to put back into silver when the time is right. I simply got lucky, and I'm man enough to admit it. I remembered how bulls and bears make money, and I didn't want to be the pig. 

Don't get me wrong...I still have a couple thousand ounces of silver and a few ounces of gold, but I'm down to like 50% invested rather than 150% invested. I wasn't smart enough to also hold some ZSL to make more paper profits. Oh well. I'll learn eventually. (I was also hoping that the price would go into the 50s this week, but I was just chicken enough to take 48.)

Tue, 05/03/2011 - 15:59 | 1235566 Sudden Debt
Sudden Debt's picture

Good for you.

I was planning to sell a 1000 ounces myself but for a funding issue that was not profit taking related. Looks like it won't happen this month. Rental or second hand car untill the trade goes back up again :)

 

You're one lucky son of a bitch, and I mean that in a very good way ;)

 

Tue, 05/03/2011 - 16:32 | 1235666 tmosley
tmosley's picture

My main position is that you should keep silver and some gold.  In the long term, they will outperform all paper.  And have.  In spades.

Tue, 05/03/2011 - 22:42 | 1236788 OldPhart
OldPhart's picture

I don't do any fancy hedging or trading, I just buy the stuff and toss it in a drawer.  What is "ZSL"?  I've seen that reference a number of times and have no clue.

Tue, 05/03/2011 - 16:25 | 1235647 Two Towers AU AG
Two Towers AU AG's picture

Chill out SD... Like they say

"Never debate an Idiot or a Troll, they will get you down to their level and then beat you with experience."

I called couple of dealers in NYC.. all of them are sold out.. earliest delivery is 3 weeks out with 100% advance payment today...... that says it all...

Silverrrrrrrr Bitchezzzzzz

Tue, 05/03/2011 - 16:55 | 1235732 Temporalist
Temporalist's picture

Worms.  Worms come after the rain.

Wed, 05/04/2011 - 02:28 | 1237172 Sudden Debt
Sudden Debt's picture

:)

Tue, 05/03/2011 - 15:17 | 1235363 Sean7k
Sean7k's picture

Just bought a monster box of bullion at 42.00. Thank you Blythe. Blythe bought so many contracts this weekend and she still needs to get out the checkbook. It's all fun and games until the default goes viral...

Tue, 05/03/2011 - 19:20 | 1236250 Instant Karma
Instant Karma's picture

This is one wise bear. Actual physical silver is in short supply, and if the bear is right, the big contracts held for delivery cannot be honored and are being settled in cash? There is no doubt the paper price of silver can be manipulated down to the benefit of those who are paper short silver. But go online and see all the sold out icons next to coins that used to be plentiful. And the lower they manipulate the price the greater the actual physical demand. And the de-coupling of paper price to physical has already started, as 1-2 dollar premiums on bullion coins are now 5-6 dollars.

Tue, 05/03/2011 - 14:07 | 1235029 Temporis
Temporis's picture

I will never stop buying... just means the shits on sale... more coins for my dollars.

Tue, 05/03/2011 - 14:58 | 1235289 SRSrocco
SRSrocco's picture

THANK GOD for the wonderful folks at the CME GROUP to raise margin requirements 3 times in a week to keep VOLATILITY down.

According to the CME GLOBEX:

Silver SIN1 Jul 11   40.885   -5.199

That turns out to be a measily 11.2%.

 

 

Tue, 05/03/2011 - 16:03 | 1235507 falak pema
falak pema's picture

silver like I told ZH readers is like an ancient egyptian queen, very fickle, very tight in the right places and so svelte! But as she has a high beta she jumps like a yoyo in a volatile world. If you like swing and roundabouts you'll have a good time sleeping with her...if not, change to gold a dour king with no taste for adventure. But steady as a rock...until the tide of deflation rises and he sinks to the bottom in deep slumber..

Tue, 05/03/2011 - 15:17 | 1235364 Arrowflinger
Arrowflinger's picture

I fully intend to jump back in with both feet.

Puhleeze drop the price to $32 or less!

Anyone who thought the price would blow through $50 this time was not thinking rationally, nor did anybody who thought/thinks there won't be a dollar reversal that hurts the metals.

Signs, signs, everywhere a sign. First, Trashery under Geithner is cutting reported debt needs in half, Second, an initial vote on the debt ceiling was going to fail. Third, the 'heat on Bernanke' and the "negative" debt ceiling vote outcome will produce a deflationary panic. Four, this is being done to usher in QE3 by October.

Silver and gold investors will have one last chance. Make it good or be content with fiat.

This holding has worked since 2003 and the reasons for it are about to hit crescendo.

It will blow past $50 during the next assault.

I set my target in 2005 to sell and we did not get there.

Maybe next time. Meanwhile I enjoy holding the stuff.

Thanks for the great sale, bankers!

 

 

 

 

Tue, 05/03/2011 - 17:11 | 1235773 OldTrooper
OldTrooper's picture

I hear ya, Arrow.  $32 would be great!  But I'm going to keep buying a bit of physical here and there no matter the price.  Holding FRNs is like playing musical chairs - or Russian Roulette.  May pick up a couple more ounces of 1/10 oz. gold coins soon too.

Tue, 05/03/2011 - 22:39 | 1236783 Twindrives
Twindrives's picture

Soetoro will use the bin Laden death story as a pretext to launch a false flag attack on U.S. soil and blame it on domestic terror cells.  I am speculating the attack will be Wall Street itself so a 'force majeure' can be declared absolving the big banks (including JPM) of their liabilities and allowing the NYSE to collapse.  Then a war will be declared on 'domestic terrorism' so Soetoro can crush all political enemies.  It's going to be a replay of the Reichstag fire and the Night of the Long Knives all over again.   Just watch.  It will happen in the next 60-90 days.     

Wed, 05/04/2011 - 07:37 | 1237343 geologyguy
geologyguy's picture

i love it. couldn't have said it better

Tue, 05/03/2011 - 13:48 | 1234903 The Axe
The Axe's picture

Love those bears,,,but it must be black bear hunting season

Tue, 05/03/2011 - 13:48 | 1234904 6 String
6 String's picture

Short everything until QE3 is announced.

Tue, 05/03/2011 - 13:51 | 1234937 Mec-sick-o
Mec-sick-o's picture

Agree!

Tue, 05/03/2011 - 13:54 | 1234951 baby_BLYTHE
baby_BLYTHE's picture

Barney Frank basically guaranteeing we are blowing another bubble (He wants control of the printing press).

Rep. Barney Frank, the top Democrat of the House Financial Services Committee, is taking aim at the hawks on the Federal Reserve.


Frank announced Tuesday he will introduce legislation to strip the 12 regional Fed bank presidents of their votes on the central bank’s interest-rate setting Federal Open Market Committee.


“Removing the rotating bank presidents from the FOMC is one step closer to having monetary policy dictated by Congress,” he said

 

http://www.marketwatch.com/story/rep-frank-targets-fed-hawks-2011-05-03?...

Tue, 05/03/2011 - 13:59 | 1234985 WALLST8MY8BALL
WALLST8MY8BALL's picture

Barney Frank and Blowing. Like Peas and Carrots, Jenny and Forest, Peaches n Cream....

Tue, 05/03/2011 - 14:12 | 1235035 Dr. Richard Head
Dr. Richard Head's picture

Cock and balls.

Tue, 05/03/2011 - 14:14 | 1235042 augie
augie's picture

Ear muffs*

well there is certainly some "blowing" going on...

Tue, 05/03/2011 - 17:12 | 1235774 OldTrooper
OldTrooper's picture

Heh, heh, heh...he said blowing.

Tue, 05/03/2011 - 15:03 | 1235298 MarketTruth
MarketTruth's picture

Barney Frank? And you actually believed that cock sucker?!?!? (no pun intended)

“Removing the rotating bank presidents from the FOMC is one step closer to having monetary policy dictated by Congress,” he said

No, it makes the Bernak's hand far stronger while Congress sits on their... and rotates. Wake up sheeple, sheeesh, Barney Frank knows who his Masters are. The guy is so dirty they had to wash away the male escort service running out of his home and another time he was caught at a drug dealers home during a raid.

Ask yourself who Barney Frank knows/blows and is his Master to get such free passes. (Hint: End the Fed bill... how did Barney Frank VOTE on that)

Tue, 05/03/2011 - 14:53 | 1235275 Cow
Cow's picture

QE3 may not be announced.  The Fed owns so much debt that just rolling it over will be effective in controlling interest rates.

Tue, 05/03/2011 - 17:16 | 1235789 OldTrooper
OldTrooper's picture

The gubermint will require more and more and even more to operate (because ANY politician with a 'plan' is plain full of shit) and pay interest.  Rolling over existing debt won't cut it.

Tue, 05/03/2011 - 13:49 | 1234915 Vagabond
Vagabond's picture

Doesn't this make it that much more enticing for futures holders to hold out for delivery?  Or will they all be refused delivery and forced to settle for cash premiums?

Tue, 05/03/2011 - 13:49 | 1234929 Dangertime
Dangertime's picture

Oh the Hu-MAAAAAAAAAN-ity!!!

Tue, 05/03/2011 - 15:27 | 1235425 eisley79
eisley79's picture

Breaking News:

Reuters USA(Mom's Basement) - Dangertime has astounding 100% accuracy rate of being wrong on his predictions.  How does he do it?  No one knows, but one sure fire way to make money appears to be the exact opposite of whatever he thinks will happen next.

------------------------------------

by Dangertime
on Fri, 04/29/2011 - 08:20

Silver will break $50 next week and march possibly even to $60.

------------------------------------

Tue, 05/03/2011 - 17:33 | 1235860 Dangertime
Dangertime's picture

But good thing he held onto his puts he bought at $49!  Whereas you bought the silver at $49.

 

Nice disinformation campaign tho.  You could rival tmosley.

Wed, 05/04/2011 - 10:08 | 1237845 eisley79
eisley79's picture

wtf you talking about willis, last time I bought silver was 32.  I could care less about your imaginary investments, or what puts and calls are doing.  If people want to try and time the market (whether for real, or pretend in your case), that's their perrogative. 

 

FACTS:

1.) Dangertime said silver peak apr 25th and was going to the 30s -- it went back up to 50

2.) Dangertime said silver would go up to 50 maybe 60 dollars the first week of may (posted friday apr 29th) -- it dipped again instead over the weekend

3.) Dangertime tries to claim he called it LOL -- 100% wrong across the board

4.) Dangertime is actually a community college, mom's basement living, internet poser with no real investments

 

Tue, 05/03/2011 - 13:52 | 1234930 Drag Racer
Tue, 05/03/2011 - 13:53 | 1234936 gordengeko
gordengeko's picture

This is a commodity paper raid.  Upping the stakes, it's quite obvious since silver got the attention of 'blackrock' shit was going to go down.  Stand firm keep buying physical, this is a desperation move on their part.

Tue, 05/03/2011 - 14:35 | 1235189 rocker
rocker's picture

Agreed. Apmex was sending out buy emails to customers the other day.  If any thing is near spot. I am a buyer.

Tue, 05/03/2011 - 15:35 | 1235463 JW n FL
JW n FL's picture

it is all above..

Tue, 05/03/2011 - 13:51 | 1234942 aphlaque_duck
aphlaque_duck's picture

When the music stops and the froo-aid is exposed...

Haha

Tue, 05/03/2011 - 13:55 | 1234949 Confused
Confused's picture

Oh did we? 

 

hahaha 

Tue, 05/03/2011 - 13:55 | 1234950 chaunceyG
chaunceyG's picture

back?? i never left

Tue, 05/03/2011 - 14:02 | 1234989 LONGdongSLV
LONGdongSLV's picture

Go back to your HOLE TROLL!!!!!!!!!!!

We'll see who's still around when you have to bring a wheelbarrow to the bank to get enough money to buy back my SLV and PSLV!

Tue, 05/03/2011 - 14:05 | 1235001 chaunceyG
chaunceyG's picture

at least you have the blls to defend, all your fellow silver bugs no where to be found today....turn those machines back on and SELL!!!!!

Tue, 05/03/2011 - 14:06 | 1235024 LONGdongSLV
LONGdongSLV's picture

It doesn't take "blls" when you have the technicals at your back.  The Aroon oscillator is a CLEAR buy on SLV and the Williams %R is confirming it.  SLV's about to bounce off it's 29 Day MAVG TO THE PENNY!

Tue, 05/03/2011 - 14:24 | 1235105 mogul rider
mogul rider's picture

umm, dude everyone knows technicals mean shit in a parabolic bloodbath.

Some where caught counting hteir precious in the cave and some of us went out for some fresh air.

You opportunity though is still valid as silver is still long term a wonderful buy. Just not right now.

 

 

Tue, 05/03/2011 - 14:48 | 1235260 chaunceyG
chaunceyG's picture

SEE LDSLV, this guy even claims he got out of his long and got short! wow, talk about weak hands, welcome to just another silence of the lambs as the big boys call in the margin chips.  shocked it only took a 2 day puke to silence these guys. Wasnt it not so long ago they were doing back flips of the SLV through 42! post? we're only 2$ off from there! "what did you hear Clarice? what did they sound like?"

Tue, 05/03/2011 - 14:17 | 1235080 Urban Redneck
Urban Redneck's picture

I am still here

Tue, 05/03/2011 - 14:48 | 1235247 tmosley
tmosley's picture

What are you even talking about?  I went out to lunch and had a meeting.  I'm not going anywhere, until someone can show me where to find physical silver for less than $35 an ounce.

Anyone getting killed because they are trading paper, including the leveraged longs, deserves what they get.  I told them as much, multiple times.  

Tue, 05/03/2011 - 14:55 | 1235285 LONGdongSLV
LONGdongSLV's picture

That's why I keep buying the PSLV - at least that way I know it's backed by something real. 

Tue, 05/03/2011 - 15:12 | 1235343 long juan silver
long juan silver's picture

Got to love the MASSIVE Sprott insider sales last week.

Tue, 05/03/2011 - 15:21 | 1235391 tmosley
tmosley's picture

I would attempt to explain to you that that money went into the purchase of physical silver and silver equities, but you are too high to understand.

Lay off the glue, son.

Tue, 05/03/2011 - 15:22 | 1235411 long juan silver
long juan silver's picture

You couldn't expain why yor mother laid birth to a maggot

Tue, 05/03/2011 - 15:30 | 1235448 tmosley
tmosley's picture

More hallucinations.

Why don't you spam my colleagues some more in a foolish and vainglorious attempt to get me fired?

You are a worthless human being.  I mean that in the most literal way possible.

Tue, 05/03/2011 - 15:44 | 1235504 Hephasteus
Hephasteus's picture

Did he really do it?

Tue, 05/03/2011 - 16:01 | 1235570 tmosley
tmosley's picture

No idea.  Of the names and email addresses he posted, one person is retired and has nothing to do with our lab group any more, one is actually a supplier, and won't care one whit and would probably throw out the email, and the other is a friend, but he is out of town at a conference, and is about to go abroad.

I did email the friend and asked him to forward on any odd emails talking about me to me, which I will then report to the FBI under cyberstalking statutes.  Crossing state lines as it is makes it a felony.

The troll blood will run red in the streets if he did send it.

Tue, 05/03/2011 - 16:38 | 1235677 Hephasteus
Hephasteus's picture

Well it looks like it's on. They are going to start buzzing up the same old facist terrorism shit and try to clamp down on citizens. Looks like they are going to do the hitler 2 thing. I just don't think they'll get the allies that they did from back then. Going to be ugly.

Tue, 05/03/2011 - 17:12 | 1235775 DoChenRollingBearing
DoChenRollingBearing's picture

Good for you tmosley.

If someoone tries that crap on you, it is your duty to gore that troll.

But, I doubt the FBI would do anything. They did NOTHING when I had a criminal businessman scam me many years ago, across state lines. 

You may have to take care of your enemy some other way.

Tue, 05/03/2011 - 17:18 | 1235795 akak
akak's picture

What a truly pathetic, vile, unacceptable and intolerable situation presented by this egregious troll LongJuanSilver.

However, I have just been informed by Tyler that he has been banned for his threats, and for posting personal information of other posters in this forum.

Tue, 05/03/2011 - 18:08 | 1235972 ColonelCooper
ColonelCooper's picture

Too bad he'll just be back as some other Dickwad in a week.

Tue, 05/03/2011 - 18:13 | 1235988 tmosley
tmosley's picture

Glad to hear it.  Hope it was an IP ban.

I talked to my friend about it, and he said he hadn't received anything yet, and he knows about dealing with crazy people.

If he does, I will be pursuing it.  I can be very tenacious when I want to be, and for the chance to put a troll in prison, well, I want to be.  If nothing else, I will find out who he is.

Tue, 05/03/2011 - 18:28 | 1236053 bob_dabolina
bob_dabolina's picture

I don't agree with your tactical view on silver but it's completely disgusting to be posting other users personal information. It is utterly reprehinsible, and unfortunate that you have to deal with a situation like that.

Tue, 05/03/2011 - 13:56 | 1234953 Cassandra Syndrome
Cassandra Syndrome's picture

Them Bears Rule. What sort of Twilight Zone do we live in that intellectual socio-economic analysis comes from cute, cartoon bears and not from well paid pundits on popular business shows?

 

Tue, 05/03/2011 - 14:14 | 1235050 SWCroaker
SWCroaker's picture

Might be a last resort.  It's still working; I'll take sanity where I can find it.

Tue, 05/03/2011 - 15:33 | 1235450 KinorSensase
KinorSensase's picture

The same Twilight Zone where you get better news from Russia Today and Press TV than you do in "democratic," "free-market" America.  This place has become a shit show.

Tue, 05/03/2011 - 13:55 | 1234962 notadouche
notadouche's picture

I wish the Bears would take Erin Burnett's place on CNBC.  

Tue, 05/03/2011 - 14:03 | 1235006 Bokkenrijder
Bokkenrijder's picture

Didn't Erin make a switch to CNN?

Tue, 05/03/2011 - 14:07 | 1235017 long juan silver
long juan silver's picture

Who?

Tue, 05/03/2011 - 15:42 | 1235477 Zero Govt
Zero Govt's picture

yes Erin just managed to get a plug in for Berkshire just now while Gold is down... amongst CNBC's 'NYSE Gainers' list of those up 2-4% today they desperately squeezed the Crony Capitalist of Omaha with a 0.14% gain .... yes that's just over one tenth of one percent and enough to get a free plug on the Crony Network Broadcast Channel

Tue, 05/03/2011 - 15:15 | 1235371 fockewulf190
fockewulf190's picture

Yeah.  Might attract a few extra droolers to CNBS when Mandy takes the helm.

Tue, 05/03/2011 - 15:25 | 1235426 long juan silver
long juan silver's picture

Barry Manilow on CNBC?

Tue, 05/03/2011 - 16:12 | 1235598 FastBoat
FastBoat's picture

I just turn the sound off.  Erin is still hotter than the bears.

Tue, 05/03/2011 - 13:56 | 1234964 Math Man
Math Man's picture

Wow - I hope no one actually believes this shit. 

Completely and totally unsubstantiated allegations with zero proof or facts.

Just some desperate longs trying to get out of their positions by making a video with some cartoon bears.

If the bears said it, it must be true.

 

Tue, 05/03/2011 - 14:05 | 1235004 Confused
Confused's picture

You're still here? hahahahahaha

Tue, 05/03/2011 - 14:46 | 1235233 Sophist Economicus
Sophist Economicus's picture

He cannot help it.   The little yellow bus goes by his house everyday and drops him off here

Tue, 05/03/2011 - 17:21 | 1235809 Sancho Ponzi
Sancho Ponzi's picture

Maff Man will appear in the upcoming 'Better Off Dead' sequel. His one recurring line: 

'Five dollars!'

Tue, 05/03/2011 - 18:36 | 1236090 ZapBranigan
ZapBranigan's picture

Nice.

Tue, 05/03/2011 - 18:34 | 1236091 ZapBranigan
ZapBranigan's picture

Nice.

Tue, 05/03/2011 - 14:08 | 1235022 Korrath
Korrath's picture

Someone sounds desperate, alright; but it's not the bears...

Tue, 05/03/2011 - 14:41 | 1235209 Josh Randall
Josh Randall's picture

Roger that - the smell of blood has been in the water, and all of these geo political movements coupled with the COMedianEx moves in context just shows the apple cart has lost a wheel and is heading down a cobble stone road hill

Tue, 05/03/2011 - 14:13 | 1235046 notadouche
notadouche's picture

The bears have yet to lie.  So until the bears make a mistake then they have to be worshipped.  Worship at the alter of the bears or you'll sheet your pants.

Tue, 05/03/2011 - 14:16 | 1235060 scratch_and_sniff
scratch_and_sniff's picture

you post them tickets yet Math Man?

Tue, 05/03/2011 - 14:24 | 1235119 long juan silver
long juan silver's picture

post your address

Tue, 05/03/2011 - 14:50 | 1235257 tmosley
tmosley's picture

What, you want to cyberstalk someone else?  

I guess you don't have anything better to do, living in a van on the beach and getting high every day.

Tue, 05/03/2011 - 14:56 | 1235271 scratch_and_sniff
scratch_and_sniff's picture

If anything he sounds like he needs laid, poor clown...if i had tits i would give him a motherly hug.

Tue, 05/03/2011 - 15:13 | 1235347 long juan silver
long juan silver's picture

You only have 1 tit?

Tue, 05/03/2011 - 15:24 | 1235404 scratch_and_sniff
scratch_and_sniff's picture

And whats wrong with that? Hitler only had one ball.

 

 

p.s. there's only one tit around here...

Tue, 05/03/2011 - 15:33 | 1235452 Ruffcut
Ruffcut's picture

Yep, it must of been a big one.

WIth the fuck u shima I was hoping to develop a third tit. Not sure where I want it yet. Undecided on my third tit would fit better on jamie demons or benny burnie's face.

I'll get back to you on that.

Tue, 05/03/2011 - 15:35 | 1235461 Hephasteus
Hephasteus's picture

p.s. there's only one tit around here...

Unfortunately he has no nipple. So he's a tit without a point.

Tue, 05/03/2011 - 15:12 | 1235352 tekhneek
tekhneek's picture

DO WANT!

Tue, 05/03/2011 - 15:12 | 1235355 long juan silver
long juan silver's picture

Took 30 seconds to find where you work. Im gonna send your boss some of your vulgar posts. The staff should enjoy your true character-or lack thereof. Enjoy.

Tue, 05/03/2011 - 15:20 | 1235396 tmosley
tmosley's picture

Nice.

Tyler, can we IP ban this douchebag?

Tue, 05/03/2011 - 15:26 | 1235420 long juan silver
long juan silver's picture

You should be banned for vulgarity

Tue, 05/03/2011 - 15:39 | 1235476 JW n FL
JW n FL's picture
by long juan silver
on Tue, 05/03/2011 - 15:26
#1235420

 

You should be banned for vulgarity

**********************************************************

I would pay to watch you, watch your children burn in front of you.. you are the problem with my Country.. You and Your kind better fucking pray the FED keeps the fucking lights on or there will be a house cleaning that you will surely be swept up in.

 

and as for banning stalkers??? hmmmm.

Tue, 05/03/2011 - 17:18 | 1235796 DoChenRollingBearing
DoChenRollingBearing's picture

Absolutely right JW.

Tue, 05/03/2011 - 15:59 | 1235555 Zero Govt
Zero Govt's picture

i like vulgar Long Juan Silver... i need my vulgar so i know what sweet is... it provides contrast for the rich tapestry of life (in poetic mood today!)

..it's a 'No PC BS Zone' around here, strictly rufty-tufty adults and no soft-brained whimps wanting to dumb down life and asking Mods to do their fighting for them ...if you don't like it you could always piss off and stick pretzels in your eye

Tue, 05/03/2011 - 16:05 | 1235579 tmosley
tmosley's picture

He has claimed that he has contacted my employer in an attempt to get me fired.

You still like him?

Tue, 05/03/2011 - 16:14 | 1235603 Zero Govt
Zero Govt's picture

TM  -  you asking me? ...coz i'm talking to LJS about where he should stick some pretzels!

Tue, 05/03/2011 - 16:18 | 1235618 tmosley
tmosley's picture

lol, I thought you meant you liked the vulgar long juan silver.

A man, eating chicken.

A MAN EATING CHICKEN!

Tue, 05/03/2011 - 16:37 | 1235686 falak pema
falak pema's picture

ouf, I'm relieved! I thought it was a chicken eating man! like in the movie...the birds!

Tue, 05/03/2011 - 15:22 | 1235397 Hephasteus
Hephasteus's picture

Oh why does he get all the love. Why not send some homeland nazi's my way.

Tue, 05/03/2011 - 14:41 | 1235211 Math Man
Math Man's picture

I trade every day... so there is no way for me to post every ticket.  But I've posted several times what I own.

 

July 40s, 35s, 32s, 26s and 20s (on SLV).

 

And today I bought Sept 130s on GLD.

Tue, 05/03/2011 - 15:03 | 1235296 oddjob
oddjob's picture

I'm sure Tyler would post them if you could scan and submit them as an article.

Tue, 05/03/2011 - 15:19 | 1235356 Ruffcut
Ruffcut's picture

No, it does not make sense. "no stop you PM bugs, while I buy expensive options shorting the shit out of PM."

COMPLETE AND UTTER BULLSHIT.

ASS TROLL!

"I troll everyday looking to piss off good people. I try desperately find bullshit to post for this is the best job I can have suck in my wheelchair"

Do NOT follow this link or you will be banned from the site!