This page has been archived and commenting is disabled.
The Silver Bears Are Back
...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.
»
- 32368 reads
- Printer-friendly version
- Send to friend
- advertisements -
Meth man da man. love the Sprott insider sales catch last week.
All hail Methman, the great and glorious Leader of the $5 TROLL* Brigade!
"The shit's everywhere!"
*Total Resource Optimization Labor Law
+++++ akak!
Thanks for posting Math. First time I've caught up with them.
What's happening now is exactly what happened in 2008. The dip came, but physical was not to be had at that price. My local dealer depleted his inventory for the first time ever (he bought the store in the mid 80s).
The paper price may well come down into the $30s again, but I can't imagine anyone will be willing to sell physical when it happens.
The lowest Ebay premiums are running 18% over spot (26.4% for Eagles).
Ebay? Maybe they just take a little time to update prices, its following spot everywhere else.
Perhaps because coins are only 10% of the physical market?
Demand for coin production was only 101mm ounces in 2010, vs total supply of 1,056mm ounces.
http://www.silverinstitute.org/supply_demand.php
The other 90% of the physical market is collapsing.
And that 101 was a big increase... up 25% from '09 and 170% from '07.
More bullshit numbers from meth man.
Sorry. This dog and pony show is not going to work. You're going to have to fucking bake us in the oven like ginger bread men. Only were not made out of ginger bread.
Bullshit numbers? I posted the link. Believe what ever you want.
"Believe what ever you want."
YEs we believe, say yes, say yes we believe you are an ass troll.
Nah, your shit is much more believable.
btw, IB cranked up all Silver Margin rates today in advance of the Silver derivative exchanges doing same thing
http://shortetflist.com/2011/05/03/interactive-brokers-increases-silver-...
I have to ask, if physical carried that much premium over paper spot, why wouldn't all futres buyers hold to delivery? Yes it would be a 'run on the bank' but wouldn't some big player figure this out and be the first to start running?
(I am a confirmed silver bull)
The very essence of backwardation. But rather than a sudden run, it would be more of a slow relentless sucking vacuum that eventually removes all material from circulation.
1) You can trade in and out of paper many times vs taking delievery once a month, 2) You can trade paper on margins, but you can't take delievery on margin, thus many "players" will always want to stick to paper.
until margin requirements are 100%
That's allegedly what the Asians are doing, and that's why the Comex is allegedly defaulting and paying a large cash premium instead.
It won't be a successful day for the scumsuckers until they also get the 2000 to rally into the close. That will complete a champaign day for these fuckers.
Panicking from silver back to fiat for a correction is like trading in Angelina Jolie for Rosie O'Donnell for not wearing a short enough skirt.
Hey ohhhhhh!!!!!!
Wonderful analogy.
BTW, I totally disagree with the premise that there will be two prices for silver.
Let's face it. There will only be one price and that will be whatever the government sets it to be when they confiscate all silver. And, naturally, they will not set the price until the paper market falls at least 50%.
Oh, we're all so fucked.
Really...you think kitco, apmex et al will sustain a buying frenzy without raising prices? Okay, they will blow up then.
Really. The government will simply nationalize those fuckers.
Maybe in the US!
BUT VIVA LAS INTERNET!
I'LL JUST SELL IT TO CHINESE PEOPLE OR WHOEVER PAYS THE HIGHEST PRICE!!
UPS BITCHEZ!!
Premium on Kitco has already appreciated from what it was a couple of months ago. Also no longer able to buy canadian maples from them if in the U.S. This has to say something of the state of the silver market.
There are already two prices for silver. Try to buy a 1-oz coin or a 100 oz bar, or even a real COMEX deliverable bar at spot and prepare to be laughed out of the shop, IF they even have any.
Agreed.
http://www.apmex.com/Category/160/Silver_Eagles___Uncirculated_2011__Prior.aspx
6 string:
You're a bit behind the times. I sold out of paper SLV on Friday at close to 47 (having gotten in at 36) and went yesterday to my coin dealer. Bought 100 1oz Ag bars @ 47, and only got that price because of quantity. You want to buy onesies-twosies you'll pay north of 50. Also bought 1 1 oz bar Au for $1570.
What was amazing was that THERE WERE NO COINS AVAILABLE - even the ones with a numismatic premium. Only a few gold Maples @ $35/ea premium.
Glad I got what I did.
Oh, and if the goobermint wants my Au and Ag, they had better be prepared to go Bin Laden on me...
If they let the paper price get much below the street price, the COMEX won't be of use to anyone as a hedging tool in the bullion dealers industry, and in the silver industry and it won't get anyone using it to sell silver.
Bear board troll
I think his point is that any diverhance cannot last for an extended perion or the COMEX will have no real use or validity. Of course in the short term we'll se all kinds of BS games just like we do with the Fed.
That is what I meant. It defeats the purpose of the COMEX and makes it useless to all real users if it is inaccurate.
If ONLY someone had seen this coming.....
If this dislocation continues, it might rock the markets. But obama could poop out an alien and the markets would go up.
The video is what willie has been saying for years. Paper silver bad, Physical good.
It's that simple, pay attention and hold on to your balls.
LOL - yeah, like you did
Go back a week and look dipshit. I called low $30's in six weeks, looks like we are already half way there.
Enjoy your bloodbath.
LOL - ok, will do
Let's talk again in 12 months.
WOW.....you think?
I will go crazy buying again if given that reentry point.
If only someone had seen this coming...
------------------------------------
by Dangertime
on Fri, 04/29/2011 - 08:20
Silver will break $50 next week and march possibly even to $60.
------------------------------------
Next, he's going to tell us that he was really talking in terms of New Zealand dollars!
I love your disinformation campaign.
Go ahead and attack me, you all know I was right. But you infants can't handle it.
Oh the blood is flowing!!!!!
What a puerile and pathetic liar, accusing others here of the very antics in which you yourself engage.
No blood flowing here at all --- because unlike you, most of the others here do not play with fire in the sham paper "markets". They still have the same number of ounces of silver they possessed last week, and will possess a month from now and a year from now --- or until the whole fiat house of cards finally crashes, and the entire rotten financial status-quo establishment is brought to its knees. Until then, there is NOTHING a pro-bankster, duplicitous, fearmongering shill such as yourself can do to shake their silver from their hands.
Let me repeat that: there is NOTHING PM-bashing trolls like you can do, NOTHING, to shake the physical metals from the hands of those who know what the inevitable final outcome of this battle will be. All your rabid, disingenuous trolling is in vain, and we simply laugh at you, and at your futile and hysterical desperation.
You still don't really get it, do you? All of us who have chosen to hold physical metals, and especially those who have chosen to hold silver, have made a giant and profound "vote of no confidence" in the rotten, corrupt and failing financial and monetary status-quo. Do you REALLY think that transitory price fluctuations make a damn bit of difference to, or will have any real influence on, that decision? The more the establishment manipulates the markets and escalates their corrupt and unsustainable games, the more that "vote of no confidence" is reinforced and solidified. Those who have chosen to flee the dying dollar and climb into the lifeboats of gold and silver have shouted out "FUCK YOU" to the similarly dying financial elite power structure, and there is literally NOTHING they can do at this point to reinstill confidence in themselves or in their terminally corrupt Ponzi schemes short of committing suicide.
+++++
Well said.
I don't think the trolls get it. This isn't just another market. This is a transition. We're going from paper to real. It's like a boy going through puberty to become a man. There's no going back to childhood. There's no going back to the paper.
It may not be in the next few weeks. But it's coming. Change is coming. Paper is dying.
+!500
SLV will shortly go the way of the dodo as it becomes obvious that it is backed by no more than promises to pay in fiat and is backed by nothing more than what backs said fiat. The COMEX will go bye-bye shortly thereafter.
Reality on the ground is that there is no more "national" or "central" market for physical Ag and soon Au. If you want physical, you are just going to have to find a "dealer" with "connections" and pay whatever the street price is, which will be well north of any artificial number appearing on a computer screen.
Dollar collapse? It's already here. Folks are already quoting all kinds of shit both in FRN funny money and in real money (Au and Ag)...
@dangertime - disinformation eh? don't be mad cause you have to eat your own words.
you posted here to try and boost your ego, and talk up your "pretend" investments you could be making if you actually had any money, and instead you got owned. All your timing plays got you killed, and you look like a fool. That's not disinfo, its just history.
FACTS:
1.) Dangertime said silver peak apr 25th and was going to the 30s -- it went back up to 50
2.) Dangertime (then retracted and) 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, who wont ever respond to my challenge to prove his invesments with uploaded pictures of his computer screen or papers, proving his investments (personal info blurred of course). NOT even his reciept from selling his imaginary 1200 ounces of silver (lol).
My sprotts are getting hammer. I bought some puts yesterday on slv, may 6th expiration. SOld them for a quick double. They are still overpriced pieces of shit.
Still does not cover the PSLV downdraft.
"fuck I bought at 11-13 and said I would hold it. Damn it. Live by the plan, die by the plan?"
Don't go to bed with inflatable!!!
Watching the charts baby...salivating. Looking for the first sign of paper touch-down. The physical is in the safe and sound.
Sound, the sound of silver bells?
Not next Christmas. Razorthin and his friends have all the silver bells, in their safe....
http://www.apmex.com/Category/160/Silver_Eagles___Uncirculated_2011__Prior.aspx
notice that every year they have no supply of eagles! going back to even 1990's versions.
010, 09, 08, 07, 06, and on and on its "alert me!" They don't have any!
They say they have 011's but they won't be available until May 13th!
And yet they pound the price down? This is blatant criminal market manipulation.
Thats price fixing plain and simple. So they go ahead beat it down to $20
And if you try to buy physical at that price or any price there won't be any.
All they are doing is crushing the spot price so they can dump old paper for new paper!
What a scam! Blatant! The comex and all paper related trading should be halted
and ended. Their manipulated valuation of any asset now is completely fraudulent.
Supply and demand economics - the capitalist free market system has been nuked.
Now check this out. All of the sudden theres this huge supply of Russian and even South Korean Palladium.
Look at how the throw up that little SALE! button. Like they're selling hot wheels!
All of the sudden all this supply? because nobody is buying it. It's ridiculous!
http://www.apmex.com/Category/969/World_Palladium_Coins.aspx
http://www.apmex.com/Product/14264/1987_1_oz_Proof_Palladium_Bermuda_Sea_Venture_Coin.aspx
fuck'um all! be a pirate!
http://www.kitco.com/charts/rhodium.html just for the shits and giggles of it all!
http://www.apmex.com/Category/160/Silver_Eagles___Uncirculated_2011__Prior.aspx
notice that every year they have no supply of eagles! going back to even 1990's versions.
010, 09, 08, 07, 06, and on and on its "alert me!" They don't have any!
They say they have 011's but they won't be available until May 13th!
And yet they pound the price down? This is blatant criminal market manipulation.
Thats price fixing plain and simple. So they go ahead beat it down to $20
And if you try to buy physical at that price or any price there won't be any.
All they are doing is crushing the spot price so they can dump old paper for new paper!
What a scam! Blatant! The comex and all paper related trading should be halted
and ended. Their manipulated valuation of any asset now is completely fraudulent.
Supply and demand economics - the capitalist free market system has been nuked.
Now check this out. All of the sudden theres this huge supply of Russian and even South Korean Palladium.
Look at how the throw up that little SALE! button. Like they're selling hot wheels!
All of the sudden all this supply? because nobody is buying it. It's ridiculous!
http://www.apmex.com/Category/969/World_Palladium_Coins.aspx
ohh, spot and delivery prices are going to diverge, right- well this will be interesting.
Here we go again. Silver is crashing to 30, during May: (the chart is so old (March 13th) and bit off in timing, its already boring, but its still valid):
http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&sta...
But have a look at longer term trend. >100 in second half of 2012. So the idea of holding real silver is fundamentally correct, just avoid long positions and speculation with loaned money for some time. Hold what you have in physical, that is a good investment even at 49. It will double in approx 1 year.
And definitely buy when it hits 30.
"Good Evening Titanic Passengers!
Unfortunately, we seemed to have slightly scraped some sea ice."
"At this time we ask that you review your boarding ticket. First class passengers who have gold or silver in hand please proceed to the lifeboat stations to your assigned seats. Everyone else, including those with gold and silver certificates, please remain in your cabin or dorm and wait for further instructions."
X
Hey mosley,
Puts are sitting at just shy of 100% return.
You fkn moron.
Hey moron, I just had a double on slv puts, in less than 24 hours.
Go fuck yourself and what you think you know.
Take your profits and go buy a happy meal already.
You gonna cry?
No you are going to lose your position as shill troll.
1. You suck at it and are not a real trader, or a poor one.
2. You suck at it.
3. And did I forget to say "YOU SUCK AT IT".
ROFL.
Oh yeah, I'm a VERY poor trader.....my terrible put calls are proof of that! MWUHAHAHAHAHA!
Thanks for the easy money, freakin rookies.
even the sun shines on a dog's ass every once in a while
Yep, even a name like "sunshine on my dog's ass", is better than dangertime.
I pity the troll. But it is fun to fuck with fakes and frauds. I wish I could go after the real ones like jamie and blankminded. Of course fully loaded with whatever necessary.
Dangertime is not even a real fraud. Limbotime is a better named, how low can you go, dogshit?
upload and link a picture of your puts with confidential info hidden, computer screen or paper. Also, show the receipt for that 1200 ounces you 'sold'. Keep lying about pretending investments, last time you tried to jump the troll cheering bandwagon you got owned, and retracted (see below), now this week you got owned again. ROFLMAO.
lol, punk btch. keep trolling, i'll keep blowing you down. Everything you said the exact opposite happened. So please prophecize, great oracle of the mom's basement. What will happen next.
------------------------------------
by Dangertime
on Fri, 04/29/2011 - 08:20
#1219786
Silver will break $50 next week and march possibly even to $60.
------------------------------------
I see you omitted the post I made where I backed up truck on puts the day silver hit $49 in Asia.
How convenient.
I see you continue to not respond to any request to show any proof of your imaginary investments.
I dont omit anything, I am sure I could find many more of your imaginary calls you got wrong, but we'll stick with the immediate ones you havent addressed, then move on to the rest....mKAY?
A VERY bright and sunny two days indeed!
Go call some friends to buy, we need some more bagholders.
Good, now go get some physical with the fiat. Tha'ts what we are doing on our slv trades.
So you're bragging about almost not losing money.
That's a 0% return. Now I understand why you thought $49 silver was a good buy.
Good for you. My physical has given me an average of 200% return.
What are you going to do if the dollar should collapse suddenly, or if the COMEX should default, and leave your options worthless?
You'll be looking rathe like your avatar at that point.
except you have been asked dozens of times to prove you actually own any, and refuse to even respond, let alone prove, and of course, as you said last friday:
------------------------------------
by Dangertime
on Fri, 04/29/2011 - 08:20
#1219786
Silver will break $50 next week and march possibly even to $60.
------------------------------------
you fckng moron, lying little btch :) smoochies
Still not going to post where I bought those puts at $49? Who's a scared little bitch? Who is? Oh, that would be you.
Say what you want, I fkng owned your ass and you know it. Let that weak account of yours bleed.
first, you didnt actually buy anything. If you want to discuss when you "claimed" to do something then go ahead and post up, we can get on to that as well.
Right now we are dealing with your triple play of wrong from last week, monday to friday, including the above post which you like responding to, WITHOUT actually responding.
As for my "Account" its called safety deposit boxes, you know, something you arent old enough to open. Last time I checked, they hold the same thing as the day before. It will be my kids, or my kids kids who do any selling their champ, so tell me again about some arbitrary number on a screen. Last time I bought silver it was 32 dollars, IN FEBRUARY, roflmao. I am making a killing, in your vaunted un realized gains.
Silver has fallen all the way back to 3 weeks ago :O:O:O. lol, you are right dangertime, why didnt i see it. The US debts have been paid off, all derivatives settled, all corporate, state and muni debt paid, budget balanced, interest rates are stable. the USD is going to SOAR. Silver is dead. Gold is next. Quick, sell my silver and buy some apple stock.
Actually, since you just make up your investments, I will to.
I have just bought 100,000 dollars of apple stock, and sold a couple tons of physical silver. I am buying a prosche, and changing my logo bitchez
Technical's??.... what a farce, a charade, a giant bs gig, . Everyone it seems, is on the banksters take.
with the massive front running in commodities, I wonder if the feds are changing the rules on speculators, the committees may be discussing it. There is obviously no fear in the selling
Actually, they are not frontrunning in general this time. The bernak said inflation in commoidites was transitory. He said he wan't going to QE3, which will pummel prices temporarily.
And no QE3 means most everything will tank. The Bernak is a man of his word and will take this fucker down...then when Congress needs the debt monetized he'll do it, but will take no responsibility for printing money this time and blame it all on Congress.
It's all part of the plan just before Weiner goes parabolic here.
I don't mean the federal reserve, I meant bend over Barney Frank & company. With O's chief of staff being from the Morgue, you know they are going to change the rules when losing.
our very own bay of pigs lays the smack down on mish shedlock's candy ass....
thanks bay.......
bay.of.pigs
Re: Mish's Global Economic Trend Analysis: Silver Plunges 12%, What's Going On?
Silver will never see the $20's again. I doubt even low $30's are possible with this much pent up demand. Physical supplies will vanish quickly even at these higher levels. Call a coin dealer, he'll tell you the truth. You sure as hell won't get it here.
Mish blasts GATA and Ted Butler even though they've been on the correct side of the trade for over a decade or more. These fellows have been correct on gold and silver yet Mish belittles them? Kind of sad and pathetic.
When less that 1-2% of the public has any silver at all it's hard to believe Mish can utter such incredible nonsense about everyone being "all in". I can only laugh at this as it is so stupid and ignores the facts of the matter. This blog is a complete joke on PM's. The only fools around here are those who ignore the 11 year Golden Bull market. When silver finally confirms at $50, we'll see who knows what they're talking about.
Mish? More like Mush.
HPD,
Like most here, I'm not happy to see silver go down like this, but I'm not all that suprised considering the relentless margin hikes and blatant raids like last sunday night. Looking ahead, silver will clear $50 in the following weeks, or months. Of that, I am quite certain.
Maybe Mish will see significantly lower silver prices, but you sure as hell won't be able to buy any at that price. It will all be long gone by then. In 2008, I searched far and wide when silver was @ $9, and nobody had anything to sell. I assume that will be the case long before we see $20's in silver.
BTFD!
Hmm, gold lease rates have dropped, however is silver still up.
Silver: Bought once A+++++++ would buy again.
Y'know I should have done this years ago. Is it always this easy? Buy something, government transfers trillions in value from poor people to you: Sell it a short time later for lots more.
Surely it should be illegal, or at least the government shouldn't be ripping off it's poorest citizens.
This is a trader's game right now in my view. The long term reasons for owning PM's is unchanged. The budgets still don't balance. The U.S. will still exceed it's current debt limits. The dollar is still in a purposeful devaluation. There is still an international currency-trade war. The long term income transfers/social obligations of the U.S. and virtually all Western nations are still unaffordable. We are still in the Middle East. Wheat, oil, etc. are still all likely to rise and the underlying inflation rate is unchanged.
If you hold PM's like I do, for insurance and long term value not one single important factor has changed. Not one.
If the price drops 50% I take out loans to buy more.
++
Exactly, all the fundamentals are still very bullish.
the games being played on the COMEX are the same as the Fed games with interest rates. Ultimately the market will find the true price. They can only delay the day of reckoning.
on Tue, 05/03/2011 - 14:22
#1235093
This is a trader's game right now in my view. The long term reasons for owning PM's is unchanged. The budgets still don't balance. The U.S. will still exceed it's current debt limits. The dollar is still in a purposeful devaluation. There is still an international currency-trade war. The long term income transfers/social obligations of the U.S. and virtually all Western nations are still unaffordable. We are still in the Middle East. Wheat, oil, etc. are still all likely to rise and the underlying inflation rate is unchanged.
If you hold PM's like I do, for insurance and long term value not one single important factor has changed. Not one.
If the price drops 50% I take out loans to buy more.
***************************************************************
I bought today at $41.. well not really but.. you know what I mean.. and I am just not pissed, at all.. about it.. if silver drops to $35 tomorrow! guess what I will buy double what I did today.. and $30 the day after next.. again.. double, triple down baby all the way down..
The difference between a pro and a rookie is a rookie buys on what they believe is the way up.. a pro buys all the way down.
Silver $100 and the charts are all wrong! in 3 weeks when the printers get going again hot and heavy.. did I say three weeks? I meant if they are not printing before 3 weeks from now that paper will be useless and metal will be the only game in town.. either way? I am covered in tangibles!
I like the take a loan out! fuck it take a loan out on your neighbors house and buy, win win! LMFAO!!
Congrats on having a Brain Bro and God Bless You and Yours!
Nice car? venom? care to share? what you got there?
Let's keep this move downward in perspective. Silver is still above $40 per oz. There has been a MASSIVE COORDINATED assult, singling out Silver with repeated margin hikes. Are longs selling? Sure some are. But this move downward in Silver IS NOT due to a strengthing US Dollar. This forced downward pressure is not 'the market' speaking. It is exchanges and money mangers rigging the financial system initiating and furthering the spot price of Silver down.
Meanwhile the CFTC sits on their hands and lets the third 2 1/2 year investigation into manipulation of the Silver market stay in limbo. I've got $50K for more eagles, just waiting for the bottom of this move.
My average cost is just shy of $22/oz, so when it gets near 30 wake me up, but I don't really look at it as a short term trade vehicle anyways.......
I have about the same cost and there's a part of me that would like to briefly see below $30 again so I can buy in even more heavily. I'd actually also like some other readers and people to get a shot at some good prices before the long term trend resumes. As in my earlier post, not one important factor has changed the long term dollar-currency outlook. If the government suddenly gets fiscal religion and cuts entitlements and spending and the Fed quits subsidizing interest rates...then I will consider selling. Those are the big things that make a long term difference. Traders and manipulaters move in and out regularly and create these variances.
Yep - $30 would be a real nice load up price, but how likely is it that it would get there?
(barring any more shenanigans like raising margin rates and stuff to drive the price lower)
Look it's real simple. Look at the dxy it's barely above 73. Rich people are selling silver but they don't have much. They want people to take the pain for them. There's going to be crisis after crisis. Corporations will not be getting paid from cities and states and USA. So they will be trying to raise price on everything which will get them a bunch of lost customers.
As long as silver and gold can keep going down the game continues. When it can no longer go down the big spenders are dry and making plans to get really frikkin violent. Lose your guilt, lose your respect for law enforcement. Protect yourself.
I have respect for "law" enforcement, not what I call "rule" enforcement. Law enforcement are those laws which protect person and property. The rest, like seat belt laws are just rules and subject to change. In fact, I argue that enforcement of them is generally immoral. Enforcement of "rules" is what makes cops cynical and is corrupting in and of itself. Cynical cops can be asked to do anything.
I'm praying silver breaks below $30.
I like you Mr. Sprott with your bullion backed, non leased bullion product.
glad I went 100% as I posted on friday, now where is the user who mocked me for that, he is down 20% from the top, may be he is buying
hat tip to the silver put buyers. you're winning the race since friday last, a whole 3 days. i think you're betting against the tide of history. sure silver is down a good 15% to 20% from the high. however, bernanke must print and buy treasuries as buyer of only resort so the treasury can continue the welfare state. and just as silver can be down a good 8% to 10% over the weekend in asia it can also be up 8% to 10% given the right set of metrics.
Okay, here's something i don't understand:
If people can buy at spot price, then demand delivery and are settled with way-above-spotprice cash, can't they then just buy more silver at spot-price right away? Regardless of cash being confetti in the long term, the fact is that it right now buys stuff..... so, what's up with this? If this were true, this would be ridiculous... surely i must be missing something?
Nah, you're not missing anything, the bears are silver propaganda, and now that their arguments are turning to gibberish they are turning to lies. The silver market would need to shatter into a million peices for the above scenario to happen, it would also need to happen within the space of like an hour.
Your missing a point.Propaganda is something that serves some political porpoise such as governments.So you have an incentive to have propaganda to keep the price of silver down but what purpose would it have to have propaganda to have its price to go up.Who would get served, a small mint with extra silver to sell and or wants tobuy more to sell.But a government or big banks to protect the value of its dollar or some other reason like protecting its shorts, now that's a good reason and from a big player for serious propaganda.
Perhaps the people actually selling the silver at a premium might want to "talk" up the price(propaganda is too far fetched, sorry)...do you know who is making the vids by any chance? When you find out come back and tell me.
It depends on the owner and if you are taking physical delivery. In essence, you can walk down to your local dealer and try to offer him 20% less today and he may refuse no matter the spot price. AMEX, NWT Mint and any other dealer can set any price they like for metal regardless of the spot price. The physical holders have the upper hand. The dealers have pricing policies like spot plus 10% but that's based on an assumption that they can get enough metals coming in through wholesalers and traders like you and I. If their supply dries up or they even expect it to do so they can demand a premium which on an aggregate level becomes the true price to hold the metal. Paper could in the short term trade at a very different price as no one really expects to hold the actual metal. Eventually, I believe the different prices will have to reconcile.
Any other explanations by the professional traders?
I could see it if you were a big bank and did not have the silver to deliver then either you default or pay someone off and get it writing that they say nothing.
And yes that's what I read that they are buying more silver and taking cash settlements and with the profits going back and doing it again.I guess if your employer owns the printing presses and all that zero interests for big banks then why not.
Here is a copy of a post I did recently that sums it up short.I need to check this out more but,
I have read that Comex has small print that allows them on default to?
pay in SLV or GLD shares and those in turn have small print to cash
settle.Seriously I do believe they eventually actually plan to crash the paper
price to near zero and force you to take penny's on the dollar while
the physical goes into sever backwardation to fantastic prices.They
will win either way.And will you look at that,they made it legal too, in nice small print.Isn't that clever.
This works for as long as the Longer the game the greater the gain, they wont crash it.However when that's no longer the case look out below.
Also heard something about China also doing this too and not caring about ruining JPM or whoever else, they are expendable.Keep the sheeple buying the paper while the smart money scoops up the real stuff at a lower price.
In the end,if you trust paper, you have been had.Why do I believe this when I only have circumstantial evidence,well simply because its exactly what I would do if I was a low life scum banker so I don't need any real evidence.Just common sense and logic works for me
My saying explains this.Cash is for fast local spending but gold and silver is for savings and international spending.So yes I agree saying cash is toilet paper is a bit premature, they should say cash is on its way to becoming toilet paper but its not there yet.However if you are talking about cash you save then you might as well value it as the paper it will become if you plan tosave it over that much time.
Sell in May and go away.
or, just go away.
I'll just keep the physical that I have accumulated over the years. I have no complaints.
On April 29, 2011, at 3:52 PM, whereaminow wrote:
Facts:
1. http://research.stlouisfed.org/fred2/series/BASE
Base money has tripled in 3 years.
2. M1 has continued to increase to its highest level in history.
http://research.stlouisfed.org/fred2/series/M1
3. Same goes for M2
http://research.stlouisfed.org/fred2/series/M2
What about M3? That was my favourite, the scary one.
if the bears are rite and silver hits $25 oz... i know people will be buying... fannie freddie treasuries and private debt are still washing each others turds, and the MSM wants to demolish houses with tractors... really
.
how is silver not a better idea than sucking .gov $#%!... globalists want to run the world but they cant do it without silver??? great idea, liquidatable by silver lol
When the COMEX defaults in July because they can't find any physical metal to deliver, all you paper silver holders can either:
1. Squeal like a stuck pig because your paper silver is worthless.
2. Wipe your ass with it, again it's worthless paper.
3. Join a class action lawsuit and get in line for pennies on the dollar for a cash settlement in 4-5 years.
4. Hold physical and watch your investment soar when price discovery for precious metals is made at the street level or somewhere else that is not run by bankster crooks.
Alot of us small paper trader's are taking our profits and buying physical. I personaly have added heavily over the past 3 months.
Now that's a cool move! I have thought of doing the same myself but I have to learn more about options and futures. I'm not a professional trader which means I can get easily creamed.
You can play one part trader and one part investor/holder and make money on both. Plus, one sort of hedges the other.
Good luck. Hope you get your timing right.
It seems odd that with a small decline in the silver price, 80% of the posters say, "I sold at $49 and now am in ZSL riding silver down to the bottom," whereas last week, as silver continued its climb, 80% of posters were huge bulls saying intelligent things like, "Silver bitchez!!!!!" In other words, either we have a bunch of bullshitters pretending to buy low and sell high, or those who were screaming $100 silver have crawled into the cracks and are not posting. Seems to me that those who were silver bugs last week should be on here touting, as the first poster does, "BTFD," rather than hiding in the cracks, saying nothing.
I'm busy making armored truck arrangements.
lol does that look like a freaking dip to you? Its BTFD, not BTFC (cliff).
Back the truck up boys! Some TBTF individual and/or entity had shorts that "needed to be met". So, enjoy the sale.
Yeehaa!
SHUT the front door
looks like almost 25% loss in silver since friday. wow
Just like nothing goes straight up, nothing goes straight down. There is some support down here @40, so I assume we'll tinker around here for awhile. Though when margin calls and shit come in, ya never know.
I'm trying to BTFD using AMPEX. Keep clicking on the ASE link, but the damn thing keeps spinning and never loads the page.
they must be running on a commodore 64 like this site........just kidding Tyler..........
Attention all Silver Burgers: BTFD!
LMAO!
just did. it's a long run, like a marathon.
More like BTFP! Buy The Fucking Physical
Silver has broken through $41.37 (23.6% Fib).
Next level is $38.24 (36.78% Fib) then $33.16 (50% Fib) then $29.54 (61.8%).
We'll revisit your numbers on every Friday for the next four weeks. I'll be here, will you?
(Sucks when someone holds you to something, doesn't it fuckface?)
I'm smelling the predators at this site. I know it because I am constantly suppressing the urge myself. ZH alumni best get into action because Tyler isn't going to use his vorpal sword to remove their blood stained trolling.
The wanger, pistolfag, dangertime and mathmucous etc are pounding the newbies asses and picking up the coins that dropped out of their pocket with every stroke. They get the scraps whole their master hoovers the physical PM bung.
Don't kid yourself. These guys know exactly what they are doing here. Some of them get paid in fiat for it. Many of them, because its in their nature to be duplicitous are buying PM's for themselves despite their sugar daddy's frowns.
+++++++++++++++++++++++++++++++++++++++++++
I sent out a call for the ban hammer already.. fuck these scumbag fucks!
Things would be a bit more useful, if posts with a high junk-count would also be hidden (perhaps with a link to show them) for logged in users. That way, people would be less inclined to reply to them, and i wouldn't have to scroll trough 4 pages of flames and duels to get to the interesting stuff.
+1
DaddyO
You could make a bookmark with this as the address:
$('a:contains("flag as junk")').parent().parent().parent().parent().parent().parent().hide();$('a:contains("flag as junk (0)")').parent().parent().parent().parent().parent().parent().show();
I could probably do better, but this should work.
Not that I agree with anyone in particular one way or the other but why is it ZH regulars duty to keep people from having their pockets picked?
Everyone needs to think for themselves, and usually losing one's ass is a good learning moment.
if you actually trade on info you read on ZH you are not doing your due diligence and deserve what you get.
I would like to make a comment, I'm a newbie to ZH. But not a newbie to trading paper of buying physical silver. To all newbie's that are here trading paper, do yourself and your family a huge favor, LISTEN and learn to what the true physical buyer's are saying, add physical silver as you can.
Pick a stock or two like I do, take the profits from that stock and buy physical weekly. I trade options on slv, that has been my choice for profit taking and buy physical with all the profits.
Hope for the best but prepare for the worst IMHO.
Provident, Gainsville, Scottsdale, Apmex, NW Territorial, etc...the premiums are just shit-stupid!
I took a chunk of New Zealand Takus, (which is awesome because it's the finest, most attractive coin minted in 2011) but everything else is, again, shit-stupid on premiums. (How stupid is it that I can buy proof-minted coins at a lower premium than generic bars? Fucking ridiculous!) Me thinks the ticker price doesn't reflect the buy price. (Thanks for getting that message out Mr. SilverGoldSilver)
DECOUPLING BITCHEZ!
spot price is 20% + off... from U.S. Mint Approved Dealers.. not back woods 13th man out on a 12 person PM sale dealer either.
20% backwardation? fuck that! this is total fucking disconnect!
Zap
You're the ultimate contrarian indicator ;) How is that sweet buy in you made @ 48-49 treating you?
bitch
I like you Bob, always have. I guess you get a partial revenge for the drop in Ag & Au today, but I emphasize "partial". This is because, the last time I checked, the dollar is dearly holding-on for life at 73.108. So with your poor dollar prediction and my poor timing on the Au/Ag correction call, I guess that makes us even. Take care guy. ;)
(And for the record, I bought phyz at 45.09 today, good phyz at that...first time I've ever bought over $40 spot index price)
I hope you make some money. Good luck.
Thanks Bob, if the dollar rallies above 76.5, I will totally give you the props for calling it. -ZB (and no, I'm not the junker)
APMEX now has a $7 premium on '11 Silver Eagles. LMFAO. I was hoping to BTF"D", but I guess APMEX is just going to be a dick.
Plus tax...
plus $7...
='s $9 - $12 per oz... on a $40 - $42 Product!
Backwardation my ass! complete fucking disconnect!
You shouldn't have to pay tax unless you live in Oklahoma. You only pay that if you shop local.
Sorry, I meant if you walk into your shop of choice that is on the Mint Direct List.. that you would have to pay 20% over spot.
That is not backwardation.. that is disconnect.
all those paper traders that live on line lives with no concept of the real world.. I wish I could impart my knowledge to you in a way that you would understand so that you do not get hurt.
I try the best way I know how to share the facts so that others can see the truth.
Good Luck All! ( not you "T" you just hold on to your stuff you will be fine, unless you are shopping like me in the real world then you will be pissed!)
The taxes are what drove me to shop online in the first place. Yeah, these premiums are nuts. We aren't far from a total disconnect. It's hanging on by a thread now.
Who knows what we'll see in the days to come? I would wager that long term it will include much higher physical silver prices.
The right time to sell silver was at around 48. Near the psychological high of Hunt. Now it will head down until 2012...on a roller coaster depending on QE rumors...until the correction comes when oil goes steady above 150 whereas USD and WS plunge to deflate assets bubble. Its 18 months away...Hang in there and hedge all the roller coaster rides !
without QE.. the stock market does not go higher..
the stock market can NOT! go higher on losses without an equity injection hose on full blast.
When Oil goes higher, based on printing or any kind of recovery related increase in use.. PM's will go higher.
Interest Rates will go higher, or they will Print Money and Oil is going up either way as well.
any and all of these equal PM's or flight to safety going up.
China is a Joke and the people on the ground know it and they are elbow deep into PM's and none of that is paper chase.
Buy the dips.
Good Luck!
Looks like $52-$55 for eagles on EBay. It has moved down a touch, but not like the paper. Why would anyone buy paper silver. You'd be better off to take your FRNs to Vegas - at least they comp you drinks there.
So the Silver Bears say that this whole thing is going to collapse in the next two months and the spot price is going to be vastly different than the physical price. I'm marking my calendar, but I'll have to see this to believe it.