• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

The Silver Bears Are Here Again, Explaining Why Blythe Has A Problem

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Fri, 02/11/2011 - 18:43 | 954402 Tyler Durden
Tyler Durden's picture

"We made an error of judgment. Frankly, we made a
bit of a rookie error. We got overexposed in the market and made
ourselves vulnerable to a squeeze." Blythe Masters. August, 2010. Bloomberg

Everyone can fall.

Sun, 02/13/2011 - 11:46 | 957584 harrypotter
harrypotter's picture

hi,can you please tell me what will happen in the coming week in terms of price... am holding short position.thanks in advance

Fri, 02/11/2011 - 18:31 | 954372 Bigger Dickus
Bigger Dickus's picture

The charts are predicting a 2 to 5% correction in silver next week. Hedge accordingly.

Fri, 02/11/2011 - 18:38 | 954391 bankrupt JPM bu...
bankrupt JPM buy silver's picture

I'm actually hopeing paper silver has a 100% correction...wouldnt it be nice to own physical at $0?  Would you be a buyer than, you monkey?

 

www.silvergoldsilver.blogspot.com

Fri, 02/11/2011 - 18:50 | 954419 Blano
Blano's picture

Please explain exactly how the charts show that, O Great One.  I don't see it.

Fri, 02/11/2011 - 19:29 | 954512 SheepDog-One
SheepDog-One's picture

Oh right 'the charts' are showing it, Bigger Douchebag.

Fri, 02/11/2011 - 19:37 | 954535 mogul rider
mogul rider's picture

Hedge this motherfucker

I'll be buying all way down Blythe's throat.

 

And then some.

 

That's called a canadian dickus.

 

Yeah we drill it down your throat so deep you shit out blythe lookalikes

If you had a big one like you think you do - You'd understand but since you are JPM drone in a dress you wouldn;t get it.

 

 

Fri, 02/11/2011 - 20:17 | 954642 Bigger Dickus
Bigger Dickus's picture

You will get your ass handed to you.

Jesus Christ, ZHedge used to be about sophisticated trading. Now it's just rednecks who think that they are fighting the system is buying a Silver Eagle Monster Box.

Fri, 02/11/2011 - 21:20 | 954810 GoinFawr
GoinFawr's picture

"ZHedge used to be about sophisticated trading"

Heh, as if you added anything to the conversation 'back in the day' either.

http://www.dailymotion.com/video/x17exb_bruce-springsteen-glory-days_music

Very stupid to discount the power of Rednecks; there are a helluva lot of 'em, they aren't afraid of hard work, and they love their ordnance.

 

Fri, 02/11/2011 - 21:51 | 954887 Slewburger
Slewburger's picture

"Now it's just rednecks who think that they are fighting the system is buying a Silver Eagle Monster Box."

At least in the south we have grammar to go along with our ASEs.

Didn't junk you but a country boy can survive.

http://www.youtube.com/watch?v=I4s0nzsU1Wg

 

Fri, 02/11/2011 - 23:17 | 955041 dark pools of soros
dark pools of soros's picture

sophisticated trading in a fucked up market??  you ARE Blythe

Sat, 02/12/2011 - 02:27 | 955308 JW n FL
JW n FL's picture

you should feel sorry for those who believe in the hot air nothing market... gravity is a bitch.

 

All you can do is speak the truth and try to reach as many ignorant souls as possible.

Sat, 02/12/2011 - 09:32 | 955544 Golden monkey
Golden monkey's picture

No he is a fat cop.

He's is also a quite old fucka, but play the young monkey.

 

Sat, 02/12/2011 - 18:17 | 956391 GetZeeGold
GetZeeGold's picture

 

...."sophisticated trading in a fucked up market??  you ARE Blythe"

 

+1 The bernake can't even find his half trillion dollars.....DOH!

 

What do you think is holding up the equities?

 

Sat, 02/12/2011 - 02:29 | 955312 JW n FL
JW n FL's picture
by Bigger Dickus
on Fri, 02/11/2011 - 19:17
#954642

 

You will get your ass handed to you.

Jesus Christ, ZHedge used to be about sophisticated trading. Now it's just rednecks who think that they are fighting the system is buying a Silver Eagle Monster Box.

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

what about those of us that have bought more than 1 monster box? 32 (31.25)lbs of silver for 1 and 1/2 stalks of paper? sounds like a solid investment to me.

Sat, 02/12/2011 - 07:27 | 955472 Treeplanter
Treeplanter's picture

This redneck is looking out for #1 by buying silver maple leafs. .9999 is sweet and not US money.  Oh Canada, eh?  I'm bloody laughin'.  

Sat, 02/12/2011 - 12:17 | 955704 tmosley
tmosley's picture

You need complicated trading strategies when you are trading in a free market.  When you are trading against Zimbabwe Ben, things get real simple.

Only fools seek complexity when there is a simple solution in plain view.

Sat, 02/12/2011 - 18:48 | 956446 tsx500
tsx500's picture

charts don't mean jack in the current 'environment'.  on the other hand,   common sense = priceless.   hedge accordingly.

Fri, 02/11/2011 - 18:33 | 954379 frippy
frippy's picture

Global settlements?

Please tell me this isn't part of the dinar revaluation scam.

Or Leo Wanta.

Fri, 02/11/2011 - 18:56 | 954426 BigJim
BigJim's picture

Yup, looks like the Silver bears have been listening to the GET team:

https://app.freeconferencecallhd.com/playback.html?cn=94-43-28-63&e=1307...

I got all excited about it myself, last week, after listening to the first 10 minutes... by the end I was highly dubious, and 10 minutes-worth of google confirmed it was part of the Iraqi dinar scam.

If this is their high-level source we're supposed to take as gospel, it calls into question everything else the Silver Bears have been peddling.

Fri, 02/11/2011 - 19:04 | 954451 frippy
frippy's picture

The GET Team stuff is a joke. Even the dinar RV people snicker at it.

Come on Silver Bears, don't tell me you're reading Ben Fulford and Sorcha Faal.

Fri, 02/11/2011 - 20:20 | 954653 adeptus
adeptus's picture

I agree, this "international settlements" fund is a total joke and coming from an *extremely* dubious source - the NESARA blog website [http://nesaranews.blogspot.com/] - that's the group that hosted the conference call.

 

Just go to that web page and after 5 seconds tell me if you would believe anything that could possibly come out of that group?  Further, have a read through the Wikipedia link on NESARA. These guys are a total loonie tunes cult-like organization. http://en.wikipedia.org/wiki/NESARA

NESARA has about as much credibility as the National Inquirer reporting on Bush being a reptilian alien.

Let me be more clear, they (people on this not so secret conference call) reference "St. Germain" as the originator of the fund. Saint Germain was supposed to be an alchimyst who had "magical powers" like telepathy, levitation  and could walk through walls. http://en.wikipedia.org/wiki/Count_of_St._Germain#Esoteric_activities

I loved the 4x silver bears cartoons until this one ... however, I sure as heck hope that silvergoldsilver's not-so-insider info is far more credible next time!

Adeptus

Fri, 02/11/2011 - 22:15 | 954933 merehuman
merehuman's picture

I much prefer the turd for a realistic look at charts and manipulation as both are in play , depending on the day and if Blyhte is on her period.  Whats real is whats in my hand. lol

Fri, 02/11/2011 - 22:33 | 954958 Turd Ferguson
Turd Ferguson's picture

Me, too. Thanks!

Fri, 02/11/2011 - 22:40 | 954967 Bringin It
Bringin It's picture

Hi MH. 

Turd I appreciated your drawing attention to the scale of the raids on the 1 minute charts as clear footprints of the EE in action.

Thanks

Sat, 02/12/2011 - 21:28 | 956731 snowball777
snowball777's picture

This is why set and setting are so important when dropping acid.

Sat, 02/12/2011 - 15:15 | 955977 66Sexy
66Sexy's picture

i agree. this downgrades the bears significantly.

Fri, 02/11/2011 - 22:55 | 954996 RmcAZ
RmcAZ's picture

It came from the internet... it must be true.

Sat, 02/12/2011 - 01:03 | 955198 Terminus C
Terminus C's picture

You came from the Internet... you must be an illusion.

Sun, 02/13/2011 - 11:20 | 957550 GetZeeGold
GetZeeGold's picture

 

The really scary part is that it's the only idea I've heard that would work.

 

......unless you've heard something else?

 

No? Yeah.....I didn't think so.

 

So basically.....we're screwed.

Fri, 02/11/2011 - 18:34 | 954383 Hephasteus
Hephasteus's picture

He's crackers. If silver stays under 140 in 18 months it would be a frikkin miracle.

Fri, 02/11/2011 - 18:34 | 954386 topcallingtroll
topcallingtroll's picture

Ok!  I get it!  The troll is now a silver bull.  Now will you tell me the secret handshake?  And I want my decoder ring.

Fri, 02/11/2011 - 18:41 | 954399 GoinFawr
Fri, 02/11/2011 - 18:51 | 954424 Hephasteus
Hephasteus's picture

LOL. What's the rule 3 times and it loses its funny. I've cracked up twice so far.

Fri, 02/11/2011 - 18:55 | 954438 hambone
hambone's picture

Always a sucker for flatalance!

Fri, 02/11/2011 - 19:39 | 954530 GoinFawr
GoinFawr's picture

oK, Heph I'll stop now. I couldn't help it, honest.

It's just so... damn... fitting.

Fri, 02/11/2011 - 19:38 | 954540 Hephasteus
Hephasteus's picture

No. I think this one has at least 11 plays in it.

Fri, 02/11/2011 - 18:49 | 954397 GoinFawr
GoinFawr's picture

Is there a doctor in the house?! Somebody get BD some meds, he's having yet another grand mal seizure. Oh, and call a nurse too, I think he may need a fresh 'depends'.

'They can hedge their shorts anytime they want.'

Provide an example of how they might do that, and I'll show you yet another reason how they're in big trouble.

Fri, 02/11/2011 - 19:46 | 954567 KickIce
KickIce's picture

FWIW, there was an article a month or so back about how they were offloading some of their short positions to off shore banks, I'm guessing some PO boxes are going to take some heavy losses. 

Fri, 02/11/2011 - 20:10 | 954623 greenbear
greenbear's picture

JPM is short on Comex but can we be sure of their net position?  What about unregulated OTC derivatives market?  They could be net neutral or net long.  According to David Morgan, only JPM knows their net position for silver.

Start at 9:10:

http://www.youtube.com/watch?v=JoW1nyLK2FM

 

 

Fri, 02/11/2011 - 20:48 | 954727 GoinFawr
GoinFawr's picture

Thanks for the link.

Let's see what, if anything, the court cases flush out.

Fri, 02/11/2011 - 18:56 | 954411 hambone
hambone's picture

Colorful, cute, cuddly, foul mouthed, flatalant bears are back. 

Seem to be saying something bout slivers are contagious?

Whatever, so cute!!!

Fri, 02/11/2011 - 18:49 | 954415 nontaxpayer
nontaxpayer's picture

these videos are getting more surreal everytime. even I think they are paranoid schizo, and I hate governments and love gold...just look at my nick and avatar.

Fri, 02/11/2011 - 18:49 | 954417 MGA_1
MGA_1's picture

The comex is in trouble with silver, but global settlements, tungsten bars everywhere?  Wait... is that little green men operating those bears?

Fri, 02/11/2011 - 19:11 | 954468 SilverDOG
SilverDOG's picture

Look at tungsten sales up to 2003 where buyers were invisible,

the Rothchilds succinctley departed the gold market and...

when the tungsten sales spike fell. Perfectly timed.    

Got Gold?           

Sat, 02/12/2011 - 02:15 | 955299 tmosley
tmosley's picture

Post a source, please.

Even if they were replacing every gold bar on earth, I wouldn't really expect that to impact the sales much.  I would think tungsten, with its legion of uses thanks to its unique chemical and physical properties would move at orders of magnitude more than gold.

Sat, 02/12/2011 - 23:30 | 956941 phil silver
phil silver's picture

Can I suggest and the Fed considers a Gold Plated Tungsten Bar Standard.

It might work???

Please send your replies to Phil Tungsten, since Ive changed my name.

I think I have found a replacement for Uncle Ben.

http://www.youtube.com/watch?v=387LTgiadjw&feature=related

I found this over at Goldseek called 'Stiff The Fed'

It listed our 15 biggest creditors, the entities to which the captive citizens of the United Snakes of America owes money.

 

Canada, which we always held as infinitely more sensible, turned up in the Top 15 for the first time. We owe Canada $3.6 billion. Coming in at 14th is Hong Kong, at $138.9 billion. We owe the Cayman Islands' banking centers $146.3 billion. Twelfth is Brazil; we're into them for $184.4 billion. We owe OPEC $210.4 billion. We owe the insurance industry $261.8 billion. We owe domestic commercial banks and credit unions $269.8 billion, making theirs our 9th biggest I.O.U. The Brits and our own state and local governments are tied for 7th place at $511.8 billion each. We owe mutual funds $637.7 billion and pension funds $706.4 billion.

 

Are we beginning to see a pattern here? This thing is beginning to go logarithmic. We owe Japan $877.2 billion. China ranks a measly third: they've been shedding U.S. debt like crazy, converting it to stuff we used to do, like mineral and oil production, but they're still just a hair shy of a trillion, $895.6 billion to be precise.

 

The last two surprised us. Holders of U.S. Savings Bonds, and a category CNBC calls “other investors” rank No. 2, at $1.458 trillion.

 

And the Number One I.O.U.? Drum roll, please: it is our very own United Snakes Federal Reserve Bank, which has us on the hook for a staggering $5.351 trillion!  That's right. We owe the Banksters in our own midst interest-bearing debt more than five times what we owe the Chinese we're always sniveling about.

 

We owe Ben Bernanke's crooked, miserable Jekyll Island creature 10 times more than we owe the money-grubbers at the counting houses in London. Noise from the  cute brunette talking head at CNBC: “So no big deal, then – we just owe it to ourselves.”

 

 

Have a good weekend and remember no 'Counterparty risk with Tungsten'

Fri, 02/11/2011 - 18:55 | 954434 nontaxpayer
nontaxpayer's picture

"gold-plated tungsten" - loved that!

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