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Silver Closes Well Above $30 As The Dip Is Now Fully Bought
It looks like the much maligned correction in silver is over. After surging nearly 3% on the day, silver is now back above the 20, 50 and 100 DMAs, and what was formerly resistance is now support. In fact, silver is less than $1 away from its recent nominal highs of $31.2375. It appears that speculators have Bought TFD with a vengeance. Hopefully, this also explains the massive silver purchases disclosed by the Mint (already at 838,000 ounces for February) and presented previously on Zero Hedge.
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Very nice indeed.
Held SIVR through the recent small blip, happy i didnt sell.
Faux Red Neck is just unhappy to be missing the party!
That's OK, ZH is a big playground for us all.
Has to be tmosley cause neither one of them have ever been laid.
Careful w/ tmosley, william!
He is good at grinding trolls into the dirt. Best run & hide when he comes 'round...
timosely has no life but to post Zeroh or seeking alpha and now he's a hit on Youtube!
SilverFuturist is me, mother fucker. You want to talk shit to my face?
+4445 subscribers
Personally, I thought my original comment was rather benign, but apparently not.
So...
...allow me to re-phrase it:
I think it would be wise for all of us at ZeroHedge to listen to the following YouTube member:
http://www.youtube.com/user/silverfuturist#p/a/u/2/ejXK3Rk4ySU
His thoughts on silver perfectly mirror that of ZeroHedge, Sprott, Turd Ferguson and others.
I did not see anything offensive about your post either Faux Red Neck. No junk from me.
Thanks for the link!
.
hmmmm... what if blythe the master is long silver....? and max the keiser is her bitch?.... hmmmmmmm.
In any event, her short position is far larger than metal available to purchase for a long position and has been for years. She's fucked.
Ya what if a weakness is a strength masquerading as a weakness.
What if the chicken crossed the road got hit buy a car but wasn't dead. Jumped up and just started pecking evybody!!!!
Rhode island red, no doubt...
WTF!?
Faux Red Neck may be wrong, but I did not see anything that offended me.
The video speaks for itself and most of this blog.
That's because there was nothing offensive about it! Lot's of thin skin around here.
I hope you find SilverFuturist's commentary useful - I certainly do. It's like a video version of ZeroHedge. When I saw the video, I immediately thought the ZeroHedge silver bugs would find it informative, and, in many ways, a mirror to their own passion regarding silver.
Silver to $500! Crash JP Morgue!
Positivity grade ++++
It's that time of year again
(Annual Trollin' assessment ratings; Apparently RNR just got awarded a 'Quadruple Plus Good'. Keep in mind the only rating higher is a 'Golden Shaft Up in the Tea Towel Holder', but they 'hand' that one out in person.)
Willy, baby, I didn't know you'd made management, congratz!
....Hmmm, and guess what we think when we see Cramer with his 'BUY BUY BUY' and the CNBS folks performing fellatio with their sell side guests....LMFAO!!!
It's not about having thin skin. You have simply made a lot of enemies here.
But then, I guess that's what a true Republican does. How does it feel to stick your nose where it's not wanted? Fighting an unwinnable war for no particular reason, other than the fact that you hate those who disagree with you, and those who dare stand up to you, well, watch out!
Geez Dude. Now I'm not sure whose head you're fucking with.
He thinks Republicans and Democrats are somehow different. He looks down on Republicans as "low class", but doesn't realize that ideologically he is one.
Yeah, I know what you mean, but he IS the worst of the worst. He passes judgement on people based on (basically) where they live.
The ultra irony of RnR is that if I tell an ethnic joke, he will take offense. But as an arrogant "intellectual" he fails to realize that rural Montana and NYC (or whatever shithole he lives in) are as different as the US and Khazakstan. But somehow in his fucked up mind, his passing judgement is fine, but anybody else's is "redneck, neanderthal, uninformed, blah, blah, blah."
Possibly the most hateful, deserving of a Chicklet Spitting ass kicking, son of a bitch who's ever posted here.
Yeah, RNR.. I just called you a biggoted, racist POS.
Actually, he made a comment a while back about blacks and mulattoes having smaller brains than whites. It was hideously disgusting. Sure, he said it as if someone else was saying it, but that shit came out of his own head.
LOL redneck!
subtle delivery... watching this wacko's video is making me want to vomit (though I'm a fan of the PMs).
... as an aside kids, coke is an insidious thing.
i like silver futurist and understand its not cocaine or speed, i too was as enthusiastic as he when younger. I still get intense occasionally. Have you made a video? Are you aware ot how difficult it is for some to do that and overcome their own problems to put a useful; message out? I say the fellow deserves applause! As does Zerohedge and all who actively inform fellow citizens of the mess we are in.They are heroes who risk repercussions. What risk are you taking for your family, your country.
Easy to be a critic aint it?
I once had a video recording of me blowing out my birthday candles. (true story).
If it is that difficult to express one's message in video format, there are alternative mediums available... Just sayin.
Though feel free to applaud him and his endeavour all you'd like. We do not have to agree on the weightiness of his 'contribution' to the PM crowd.
Heros, risks and repercussions??? Lighten up mate. We're talking about a bit of shiny metal here for god sake.
No, it's not just shiny metal. Before this is all over anyone speaking the truth about anything that can be seen as against the state will be publicly ostracized and made an enemy of the state. Try reading a little history about what happens in countries that begin to destroy their currency. The powers that be will do anything to hold on to power.
You are naive at best.
I made a similar assmoric comment the last time SilvFut made an appearance and still regret it. Some other contributors set me straight. My asshat is getting too heavy to wear.
Mine too. Most of my asshats are silver. Very heavy.
I just always finding myself wondering what sort of meds SF is taking everytime I watch one of his vids.
stop fucking your siblings people. look at your results
It is not. You just want to fight.
Bernanke is not a happy man right now
http://euodootrading.com/wp-content/uploads/2011/01/Bernanke-Praying-Sil...
silverfuturist always talks like he is on speed, but its just his enthusiasm. You dont sound like the silver futurist at all. !!??
JPM (black) representatives grab me by the neck, in addition of threatening me, while I was working.
The brutality at my workplace was not a mistake; but the voice recorder I got in my pocket was one.
Maher Arar, Alain Olivier and even L'agent Samson should have one in their pockets.
The world if full of silverless monkeys.
more coffee please...
he will not obey, either,...
hmmm...Death Match?
Got you there, got you here. Your only chance is looking forward.
Physical is still cheap. Better stop dum dum (stocks) moves.
I heard JPM is now fucked badly...
T. Mosley is on payroll.
lol, yeah, I get paid to tell people to buy physical gold and silver.
Dumbass.
Pathetic, bastard. Tmosley owns your ass. I don't know how you can keep showing up around here, other than that you're just dense.
++++ William is possibly the dumbest troll to ever darken the doorstep of ZH. He has yet to EVER hold his own against ANYONE who has taken him on.
Welcome to fight club Bitch.
Colonel, has ANY PM troll ever lasted long here at ZH?
Yes, because the chickenshits just reincarnate and start over. It's like trying to kill zombies with rubber bullets. They are void of rational thought, and no matter how many times you shoot them, the pricks just keep getting back up.
I guess I need a whole new set of screen names. Can you suggest something, my imagination is drying up
JonnySmells
Two Bastards
SpauldingBravo?
You forgot judgesmailes. spalding's other unimaginative name.
seems like they get barred. some fight club.
You're still here. Believe me, if popular opinion was grounds to get banned, you would be the first one gone. I would at least make it to four.
Great idea !! Then you and teemislery and hep could then have your circle jerk in private instead for all to see.
Don't you let him get you down. You're a good pivot man.
http://www.urbandictionary.com/define.php?term=pivot%20man
Fail.
Wow people are in a pissy mood today. Can I get a junk pluhlease?
Junked. Cause even when it's for fun, I claim my junks. Unlike most of the chickenshits around here.
I too put some junk in the trunk. One can also junk oneself if you want to get your own party started.
Wow, I never thought of that. I've never pressed my own junk button, loosely speaking.
It cums highly recommended by Psychologists everywhere! :>O
fuck off farmboy
Nope, not barred. Still registered here on ZH, but just stopped posting. I call that a natural death. Others would call it reincarnation as a new ZH ID.
http://www.zerohedge.com/users/johnny-bravo/track
http://www.zerohedge.com/users/master-bates/track
WHOA! I didn't know that feature existed! Hot steaming deal!!!!
http://www.zerohedge.com/users/sophist-economicus/track
Wow! It's like, I can "find myself" on ZH...;)
I just wish there was an easier way to find my posts, instead of scrolling thru everything
+1 ... There are a lot of usability issues with the forum aspect of ZH. It should be easier to see your posts, and any replies to your posts. I wish it would highlight any updates to a thread you have already read, so you don't have to re-read the whole thing too.
+ like, infinity.
Yup. It would be nice to be able to find posts by user. Kind of hard to do with this format, though.
No one can get that happy while wearing pants. Therefore, I deduce that he is not wearing pants.
That guy needs to switch to decaf.
*cough* ritalin *cough*
DECAF IS FOR PUSSIES!!!
i once knew a poosy whom loved decaf, alas.
Don't think you pin him on TM, but pretty good find.
Your calls are a fucking joke, Repugnicunt. Further, your desperate and not-so-veiled attempts at linking ZH with something "sinister" smacks desperately of the very "doomer" conspiracy shit you so love to make fun of. Projection, like karma, is a bitch.
You are comedy gold. Don't ever quit being you.
Yup. That put him away!
I'm sorry, I can't hear you with that giant silver dildo shoved down your throat.
Look again william!
Faux Red Neck done got junked off the thread. Popular guy.
Looks like Max Kaiser's younger brother. Same voice too...
RNR, you are warmly obnoxious and force me to show my rotten teeth as you make me grin. Caviat; I masturbate furiously when feeling such emotions. Try it! It makes the world sooooo much better.
We need "BTFD" bumper stickers!!!
i've been tagging goobermint cars with it, with a red or black sharpie, depending on the paint.
full and complete repudiation of Bennie Boy's magic printing press by the masses worldwide.
eat it, JPM. i hope you explode.
Fuck you JPM.
And fuck you Robot Gaylord and Hairless Wanger
You forgot to mention Spaling's Smelly Mom, William the Asshole, Goldmiddlefucker, Johnny Butthole, and Master Bater. Probably all the same person, but who's counting.
And Math Man!
Don't forget yet another of JonNadler's new trolls!
All of them go to Blythe's place...
Right, MathMan -- he was bragging about his big Si put postion just the other day.
If he really had them, he's hanging himself about now.
and where's Appaling Smells, that good for nothing lazybones. Report for work immediately, I command you to go back to your post at once and post something to scare the gold bugs NOW!!
Look: DoChen is laughing his ass off at our expense
Look: DoChen is laughing his ass off at our expense
I was ALREADY laughing really hard when I saw what you wrote!!! Spooky good 100% prediction!!!
Where's my old pal Abiggs?
Working, apparently.
To be fair, their long SPY and AAPL positions are nicely in the green as well.
Clearly, everything should be "BTFD'd".
oh shut up!
Shit I agree, around here its like "my boner chart is taller than yours" hahaha! But I do like to think in the end, owning physical pm's will win hands down. In my opinion it is going to be a Minsky melt up in everything but currency.
RT's Mom: RU married?
I bet Blythe Masters feels like she got run over by a train. Stand back and let the big silver dogs eat!
How much can I get for my old speakerwire?
/Bought some Maples today cos I was bored. Impulse Amazon shopping is cheaper.
Pawn shops present unique opportunities for silver coins, purchasing that is.
Pawn dealers know more than you do dick head.
I prefer estate sales.
I suspect you mean like a '94 Ford Focus Estate in indeterminable condition.
So NOW you're a metal buyer?
Holy come to fucking Jesus moment!
Fail.
beware pink jesus and his mighty righteous sword!
cows aren't capable of malicious forethought.
so true.
Some people know cows very well. I'm sure Willy here can find the g-spot in the ten seconds it takes him to shoot his load.
" in the ten seconds it takes him to shoot his load."
Only if the cow is a bull, and only if it pisses all over him.
DISCLAIMER FOR THE PC (pain in the cunt) CROWD: William "Wide Stance" Bastard is the one who started the gay shit (and outed himself at the same time) earlier; don't be getting all oversensitive and calling me autistic.
tmosley and ColonelCooper, two of ZH's prime Troll Terminators
That's really freaking funny, DoChen. You got junked for supporting Mosley and myself on comments WE didn't even get junked on!
You're a good friend, DoChen. Thanks.
Don't be so sure about that bastard. (it's like we are calling each other names, but the names are indeed ours). I sold a Polish Radom P-35 to a local pawn shop that NO OTHER GUN DEALER WOULD BUY FROM ME AT THE PRICE I WANTED. Pieces missing and not even an officer's version of this Nazi pistol.
Estate sales would make great sense. I had a friend who called me over to his house a few months back. He saw some posts on facebook that I had put out on silver and he wanted to see what these items he had from his uncle's estate were worth. Next thing I know I see 100 oz bars of silver coming to me. One after the other, they just kept coming.
Back to your pawn comment, not all pawn dealers know more than me about everything. Vague generalizations will get you destroyed in a debate bastard. Just like my spelling and grammar will get me destroyed in a thesis paper.
I am planning on selling my house and taking the equity to start a pawn shop... once that gets going, it's microfarm time.
Pawn shops have a ridiculous amount of exemptions from laws in this state... one of which is registering as a coin dealer... this has not gone unnoticed.
Already got an FFL lined up... just need to figure out what to do on the location and niche... line of credit won't be difficult, but hoping to run as debt free as possible... Figure a couple years will knock out any debt...
I'm hoping it will be a good way of accumulating a decent inventory of gold in tax deductible fashion...
Not to mention a whole bunch of other interesting crap.
I am Chumbawamba.
Are you really the Silver futurist? I saw the comment earlier. Based on me only knowing your comments, I expected a less gentle looking man than the silver futurist.
Love you posts. I am big fan. Here, sign my wife's implanted D boobs please.
No? But I'll sign her boobs anyway!
"Best there is... past, present and future! Ohhhhh yeahhhh!"
Who junked my boob comment? Come on mo'fo. Step into the light.
Silver Futurist is one bad-ass mother fucker.
Do not fuck with Silver Futurist.
That being said, I will humbly sign your wife's tittays.
I am Chumbawamba.
Tyler knows that the futurist is skiny.
Only fats (really - nmw - obey).
(Sorry for (grammar) : a french jury will fiix the issue).
As well as the opportunity to meet toothless ladies you can score tang, meth, Ag, stolen guitars and scabies from.
I was at a flea market not too long ago and silver rounds ( junk silver dollars ) were being sold at about $5 below spot. He only had maybe 30 of them. I bought his 1878cc dollar instead.
Ah crap, I was looking for 25ish.
me too... :(
The way the French pronounce Jamie Dimon's last name it sounds like "Demon." So, let me just say in the most sincere way possible: FUCK YOU BACK TO HELL DEMON AND MASTERS!
to the Blythe troll who junked me.....thanks for the junk and FUCK YOU TOO!
everyone seems quite sensitive, 2 day...isn't aggression about control, basically? let's have some happy music...Cee-Lo Green – Fuck You (Lyrics On Screen) KillerHipHop.com those niggas didn't write this about the Statue of Liberty, did they? (ask yer dad, 000,000,0000)
Argentum caniculae!
Sorry ... got carried away there for a second.
Quite alright!
Carry on then.
Tyler,
Who is Wynter Benton...can you do any investigation into this?
If Tyler does find that out, he won't share that kind of info publically. At least, not unless he wants Benton suicided.
++++
From the ZH Manifesto:
our method: pseudonymous speech...
anonymity is a shield from the tyranny of the majority. it thus exemplifies the purpose behind the bill of rights, and of the first amendment in particular: to protect unpopular individuals from retaliation-- and their ideas from suppression-- at the hand of an intolerant society.
I am not a technician like Turd Ferguson and other far more accomplished technical analysts so I'll leave it up to them to interpret the charts from a purely technical viewpoint.
But in my opinion, the low in silver has now been reached. I base this conclusion on the fact that Blythe could not puncture yesterday's low point. Not even close. Gold got blasted right through 1322 like a hot knife through butter yet silver stubbornly clung to the $27 level and was no where close to the $26.50 level. Believe me, if Blythe wanted silver to crack $26, she has the firepower to do it easily.
The reason that she didnt was because she must somehow realize that the people she was selling her Mar contracts to were going to be standing for delivery. Believe me she knows when these people are buying.
Which gets me to my original post. This whole slam down in precious metalsm was all about silver. Gold was just the unfortunate mechanism and instrument by which Blythe worked her magic. She slammed down gold because she knew eventually traders would not be able to stand for delivery in Feb. The gold market is just too big. But you can buy every ounce that the comex CLAIM to have with a mere $2.8 billion. Blythe has access to that type of money in the folds of her couch at The Morgue's HQ.
You can see clearly now why she needs to suppress the price of silver and force traders to cough up the Mar contracts. Once the slam down in gold no longer has the desired effect than it is time to abandon that strategy. My guess (and it is only that for now) is that we have seen the low for silver.
If she is at all competent, then she will be sending the price of silver up by at least $2 by Feb 8 to make it more difficult for hedgies to raid the Comex. But we'll have to see. Either way as long as hedgies and big investors cough up about $5 billion in Feb, then Blythe and The Morgue will be in a world of hurt.
I want to clear up another point. Some people are interpreting that I am predicting a default in March. That is definitely NOT what I am predicting. All I am predicting is that there will be massive contracts that will be standing for delivery and each one of these contracts will be offered a huge premiums which will be settled in cash. You see, it is always more profitable to buy the Mar contracts settle in cash and then buy the May contracts and do it all over again.
It is as if you buy $1 billion worth of silver, sell it for $1.2 billion and buy the exact same position for $1 billion again. You really don't lose anything and someone automatically gives you 20 percent and you get to keep your position exactly as it was before. Well not exactly because the equivalent May contracts are slightly more than the corresponding Mar contracts. It's up to you what you want to do with your money but since it was so easy in December, why not do it again in March and then again in May?
It's as if you show up with 1 ounce of silver, The Morgue pays you 120% of the value of your holding, and you go back into the pits and buy it back at face value. Nothing could be easier and they are defenseless to stop it.
I know for a fact that the silver shorters are desperately trying to come up with physical silver from anywhere they can get it--from the SLV, the US Mint, foreign ETFs, anywhere they can get physical silver. Too bad it still won't be enough.
So watch for February and see how high silver spikes up. This whole slam down was The Morgue trying to get people to stop hoarding silver, so keep buying physical silver and they will fail. Good luck to all physical silver holders. Our time is close at hand.
How many times does Blythe have to get jerked around by the price whipsaw before her arms pop out of their sockets?
The Top 3 most attractive MBOT Dancers (1996-presen"
(3) WYNTER Benton (Oh, just for consistency -- but that 19 year-old Wynter did captivate me and made me a habitue of 895 generally like none other of the era.) If nothing else, the above should demonstrate how highly SUBJECTIVE is this topic. Misty FUCKING Phillips!!!!!
http://forum.myredbook.com/dcforum2/DCForumID11/12896.html
The tuesday handcuffs seem to be chaffing Blythes wrists. Perhaps she can find a way to get rid of the COT?
Blythe likes the pain. It hurts so good.
she's doin the best she can, hiring people to "analyse & interpret" and get the info out..., "but, you see, with the options, the long short of the commercial lg & prod., hasn't really changed by more than 1, or 2% relative to the inflation index in 2 weeks..."
Price targets:
36 by April 1.
40 by May 1.
44 by June 30.
Back to 36-40 range by August 15.
50 by December 31.
GG
It's back to the yahoo boards for you
Now you're talking to yourself in the mirror.
Fail. Again.
He stole that from you and is trying to use it.
even in the Yahoo boards they're not drinking the kool aid anymore. The 20 different names I have there to bash gold with immediately get thumbs down as soon as I post anything.
William, are you watching Blythie at the hospital's suicide ward tonight or is it my turn, come on you shmuck make yourself useful for once
Damn, Blythe's in the hospital?
That explains why PMs are running up...
I'd love to hear your price predictions
Damn Gold and silver got CRUSHED.
Why didn't we listen to smells and robo.
Now we are the doomed. Our girlfriends will be sexing with the garbage man who bought apple, our mothers will not return our phone calls and write us out of the will for being such ignorant children. Our churches will kick us out in the street. We are a pariah.
http://www.youtube.com/watch?v=r7KuQpnfuuI
Damn you silver! You may win this round!
GO AWAY!
Why are people BTFD in silver?
China quadruped net imports of silver in 2010 vs 2009.
http://www.commodityonline.com/news/China-Silver-imports-hit-record-3500-tons-in-2010-36266-3-1.html
Lee Kui, a precious metals dealer in Beijing, said that a few years back, China used to export silver in big quantities. “For instance, in 2005, China made net exports of 3,000 tonnes of silver. In five years, the exporter of silver has become the importer of silver. This shows that Chinese demand for silver is soaring,” he said.
So, China switched from a 3000 ton exporter to a 3500 ton importer in 5 years.
That's a 6500 ton delta, or 208 M oz of silver.
Compare that to the 700 M oz WORLDWIDE annual production.
See what's going on here?
Paging RoboTrader....
Blight Masters, your move...
Wow. Turd is looking rather accurate.
TF is the man.
Thank you.