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Silver Hits Fresh Post Hunt Brother High Of $34.43 On News Saudi Has Sent Tanks To Bahrain

Tyler Durden's picture




 

If RIA Novosti's update on the Middle East escalation is correct, the Middle East's worst kept secret, that Saudi Arabia would interfere militarily in Bahrain before the country fell, has just been confirmed. From RIA: "Saudi Arabia has sent dozens of tanks to Bahrain, where anti-government protests continue for about two weeks, Egypt's Al-Masry Al-Youm newspaper said on Tuesday. Eyewitnesses reported seeing "15 tank carriers carrying two tanks each heading towards Bahrain" along the 25-km King Fahd causeway, which links the small island nation of Bahrain to Saudi Arabia." And while nobody expects the DXY to do much if anything on this news, now that the dollar is irrelevant in the FX realm, the same can not be said about silver. Silver just hit $34.43 minutes ago, the highest print in the last 31 years.

More from RIA:

Protestors are mainly Shiites account for about 70% of the Bahraini population, but have long complained of discrimination and other abuses by the Sunni Khalifa dynasty that has ruled the tiny Gulf nation for more than two centuries.

In the worst unrest in the kingdom since the 1990s, a wave of protests swept across Bahrain in the past weeks. At least six people were killed and hundreds injured in clashes with police.

Opposition threatens to hold more protests and a nationwide strike if the government refuses to resign.

And a confirming report from Press TV:

Pro-democracy protests in Bahrain have shown no sign of decline after almost two weeks. The protesters are demanding the resignation of the government, constitutional reforms and the king's abdication.

Witnesses said that the causeway was blocked as "15 tank carriers carrying two tanks each were heading towards Bahrain," Egypt's al-Masry al-Youm daily reported in its latest edition.

Given the popular protests in the Persian Gulf kingdom, the transfer of the military hardware from Saudi Arabia to Bahrain seems highly unusual, commuters traveling along the 25-km causeway said.

The development follows a decision by the Bahraini military on Saturday to withdraw their vehicles out of the capital's Pearl Square after a deadly police attack on protesters, a condition the opposition had set to begin talks.

The arrival of tanks from Saudi Arabia also occurs on the eve of yet another scheduled pro-democracy rally on Tuesday organized by the Bahraini opposition and protesters in Manama's flashpoint Pearl Square.

Massive protests in Bahrain, which hosts the US Navy's Fifth Fleet in the region, have shown no sign of a decline after almost two weeks.

The protesters are demanding the resignation of the government, constitutional reforms and the king's abdication.

Fears of Saudi intervention in the ongoing Bahraini uprising first came to the fore last week when unconfirmed reports emerged on Wednesday.

 

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Tue, 03/01/2011 - 08:14 | 1006442 camoes
camoes's picture

37 till the end of the week??? Commercial Signal Failure bitchez!!!

Tue, 03/01/2011 - 08:19 | 1006448 Haywood Jablowme
Haywood Jablowme's picture

 

yes, yes, y'all...

 

Tue, 03/01/2011 - 08:20 | 1006449 AN0NYM0US
AN0NYM0US's picture

Rosie coming up on Bloomberg Radio 7:33 am ET

 

 

Tue, 03/01/2011 - 08:44 | 1006492 eigenvalue
eigenvalue's picture

Hopefully $137 by the end of this year and then we can see JP Morgan change its name to JP Morgue.

Tue, 03/01/2011 - 09:06 | 1006560 Ray1968
Ray1968's picture

I would love to see one of two things: Jamie Dimon in handcuffs... or Jamie Dimon diving off a high-rise.

Lloyd, you're next. You, my friend, get the Gillotine.

Tue, 03/01/2011 - 09:12 | 1006573 eigenvalue
eigenvalue's picture

I'd rather see Blythe Masters lose all her wealth to settle all the lawsuits and finally have to work as a prostitute in Las Vegas since nobody wants to hire this criminal any more...

Tue, 03/01/2011 - 09:41 | 1006640 ColonelCooper
ColonelCooper's picture

Vegas?  Too good for her.  How about day stripper in Watford City ND?  She can stay afloat giving BJs to roughnecks on their lunch breaks.

Tue, 03/01/2011 - 09:48 | 1006667 Real Estate Geek
Real Estate Geek's picture

She can work Vallejo--a bankrupt city for a bankrupt whore.

Tue, 03/01/2011 - 09:59 | 1006698 eigenvalue
eigenvalue's picture

Come on. She can never go bankrupt because she still has some human capital-her mouth, boobs and vagina. I think she is SIZE C or she could never reach the current level at JP Morgan.

Tue, 03/01/2011 - 10:44 | 1006821 Math Man
Math Man's picture

Yippee!!!!!  

Another unsubstantiated rumor has moved the price up fifty cents!!!!!!

It's going to the moon!  Keep buying!  

Never mind that it's up 70% in six months, or that producers are so worried that the price isn't sustainable that they've started entering in to large hedge programs --- so large they are causing backwardation in the market.

It only costs $5 bucks an ounce to dig the sh*t out of the ground....  silver miners can make a guaranteed $27 bucks an ounce by hedging.  Which is TWICE the $13/oz profit they could lock in six months ago...  

The price will be back below $20 soon enough and they know it.  Shit, it was below $20 six months ago.

Tue, 03/01/2011 - 10:57 | 1006858 H. Perowne
H. Perowne's picture

If you're going to troll on multiple threads, try to avoid the cut and paste action. It's making your status as a paid shill even more obvious.

Tue, 03/01/2011 - 12:08 | 1007140 akak
akak's picture

Not to worry, he's just our old "friend" JohnnyBravo, back once again under yet another new alias, only this time attacking the new precious metal de jure, silver, instead of gold like he did last year.

Like a case of genital warts, he may disappear for a while and bring some blessed relief, only to inevitably reappear in a new and even more virulent form.

Tue, 03/01/2011 - 12:05 | 1007146 DosZap
DosZap's picture

Why don't you tell us all again?
You sound like a Tard, a broken record.
As for the gain, take it anywhere you get it you do dont you METHMAN?.
Blah,blah,blah, sound like a damn bleating sheep.

Tue, 03/01/2011 - 12:10 | 1007161 akak
akak's picture

Blah,blah,blah, sound like a damn bleating sheep.

MouthMan is not like, he is.

Tue, 03/01/2011 - 09:00 | 1006545 BrianOFlanagan
BrianOFlanagan's picture

no commercial failure likely this month - silver March open interest now down to 3,085, only 15.4 million ounces.  

On to May!

Tue, 03/01/2011 - 09:06 | 1006555 UGrev
UGrev's picture

So close, yet so far away..

Tue, 03/01/2011 - 09:05 | 1006557 eigenvalue
eigenvalue's picture

Indeed. The SIFO has become less negative these days. Not a very good sign for silver bulls.:(

Tue, 03/01/2011 - 09:11 | 1006571 overmedicatedun...
overmedicatedundersexed's picture

"no commercial failure likely this month - silver March open interest now down to 3,085, only 15.4 million ounces"

Wynter's group said they would take a hefty premium for this months longs and then roll over to next month..damn if it does not look like they are doing just that.

Tue, 03/01/2011 - 08:19 | 1006446 HamyWanger
HamyWanger's picture

William the bastard and Biggus Dickus are arriving.

I hope they will join me in the anti-silver fight.

Tue, 03/01/2011 - 08:23 | 1006452 MsCreant
MsCreant's picture

Hameeeeeeeeeeeeeeeeey.

Tue, 03/01/2011 - 09:18 | 1006590 william the bastard
william the bastard's picture

Silver's the greatest bet of the age. $60 by spring.

Tue, 03/01/2011 - 10:11 | 1006741 Rusty Shorts
Rusty Shorts's picture

Karl Hungus will be here any minute now...

Tue, 03/01/2011 - 08:44 | 1006485 Former Sheeple
Former Sheeple's picture

Hamy, you will need some help, this is how is the anti-silver fight going:

U.S. Mint American Eagle Bullion Sales Totals: http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=sales&year=2011#

 Jan & Feb Total

2010 (6,002,500) 2011 (9,662,000)  
Tue, 03/01/2011 - 08:54 | 1006519 Quintus
Quintus's picture

Why stop at just fighting silver?  The whole goddamned periodic table is acting like it needs a good kicking, if you ask me.  Just give me the word, Hamy, and I'll come around with my 'Associates' and teach those elements not to get uppity.

Tue, 03/01/2011 - 09:44 | 1006651 Urban Roman
Urban Roman's picture

I'll kick the Promethium for you.

...

... there, it's gone.

Tue, 03/01/2011 - 09:05 | 1006556 equity_momo
equity_momo's picture

Watching trolls trying to win an anti-precious metals fight is like watching a one legged midget trying to win an ass kicking contest.

Tue, 03/01/2011 - 09:32 | 1006623 Harmonious_Diss...
Harmonious_Dissonance's picture

Paging Biggus.....I mean Meth Man! Where is Meth Man he gets $5 / oz silver with a shovel in his front yard. The Meth Man Can...

Tue, 03/01/2011 - 11:53 | 1007103 Arkadaba
Arkadaba's picture

lmao!

Tue, 03/01/2011 - 08:23 | 1006451 Kaiser Sousa
Kaiser Sousa's picture

and so it begins.......

there r only 2 forms of real money...

Silver & Gold....

Tue, 03/01/2011 - 08:45 | 1006493 Sudden Debt
Sudden Debt's picture

 

there's a 3th more powerfull currency : SEX!!

PAY UP BITCHEZ!!! DADDY'S HERE TO COLLECT!!!

 

 

Tue, 03/01/2011 - 08:57 | 1006527 Haywood Jablowme
Haywood Jablowme's picture

 

better yet, sex on a bed sprinkled with gold maple, koala, buffalo, and kangaroo rounds :) 

rolling around in a bed of worthless fiat is sooooooo 1980's..

 

Tue, 03/01/2011 - 09:43 | 1006650 velobabe
velobabe's picture

hey just blow me, P A N D A s, bitch on bed†

Tue, 03/01/2011 - 10:03 | 1006704 Haywood Jablowme
Haywood Jablowme's picture

correct!  pardon the brain-fart.  Blood flow to the other head often induces it.

Now where were we?  Ahhh yes...20 pumps hard, 10 pumps slow.  Then repeat.

baseball, baseball, baseball.  fat chicks, fat chicks, fat chicks...

Tue, 03/01/2011 - 09:44 | 1006646 jimijon
jimijon's picture

Gold is for Kings

Silver is for Gentlemen

Barter is for Peasants

Debt is for Slaves

Tue, 03/01/2011 - 08:25 | 1006453 Cash_is_Trash
Cash_is_Trash's picture

It's just a matter of time before we see another video of Bahraini soldiers shooting the general populace.

These fucking cowards, killing and maiming their own people.

The protests cannot be stopped.

Tue, 03/01/2011 - 12:10 | 1007165 DosZap
DosZap's picture

I dont get it, the people outnumber the soldiers, overun the bstds, and denut them, make them wipe their ass first with their right hand, and smear pig fat all over their screaming asses.

Tue, 03/01/2011 - 08:24 | 1006454 Hollow_Point
Hollow_Point's picture

Forgive me if you've heard this but most of you will like this

Fox News will not be moving into Canada after all! The reason: Canada regulators today announced they would reject efforts by Canada's right wing Prime Minister, Stephen Harper, to repeal a law that forbids lying on broadcast news.

Canada's Radio Act
requires that "a licenser may not broadcast....any false or misleading news

 

http://www.huffingtonpost.com/robert-f-kennedy-jr/fox-news-will-not-be-moving-into-canada-after-all_b_829473.html

Tue, 03/01/2011 - 08:41 | 1006484 Hammurabi
Hammurabi's picture

Right wing, what you stupid,

Tue, 03/01/2011 - 08:58 | 1006532 Hollow_Point
Hollow_Point's picture

At least you didn't spell any words wrong this time.

Tue, 03/01/2011 - 08:43 | 1006491 AN0NYM0US
AN0NYM0US's picture

you are forgiven

but next time please post a credible link

 

some huffpuke opinion from of all people RFK jr, which is a speculation based on an obscure special interest news source is laughable

Tue, 03/01/2011 - 08:58 | 1006536 Hollow_Point
Hollow_Point's picture

Oh, I see your point. Won't happen again. Thanks

Tue, 03/01/2011 - 11:19 | 1006940 Arkadaba
Arkadaba's picture

Oh, I see your point. Won't happen again.

What???? Where's the fight????

I read this article this morning and while the headline may be misleading (I don't know if the ruling will keep Faux News out of Canada or not), the reporting on the ruling is correct. Canadians overwhelmingly rejected the PMO's efforts to repeal a law that prohibits the dissemination of false news.

HuffPo is biased as are most, if not all, news sources. And a majority on this site have a knee-jerk reaction to anything that comes from HuffPo but I have come across and posted links from there on occasion. I guess my point is that if you think the article has value - defend it. Zerohedge is not a popularity contest. Almost any comment or link will have both detractors and supporters.

Tue, 03/01/2011 - 09:45 | 1006656 ColonelCooper
ColonelCooper's picture

I thought the whole thing was satire.  Ripping on FOX by sourcing HuffPo?  Next we can rip on MSNBC by sourcing Hannity. 

 

Tue, 03/01/2011 - 10:04 | 1006716 UninterestedObserver
UninterestedObserver's picture

LOL they all lie so is huffpost taking the suite next to Fox up there?

Tue, 03/01/2011 - 08:26 | 1006456 overmedicatedun...
overmedicatedundersexed's picture

Wynter Benton you magnificent bastard!

Tue, 03/01/2011 - 09:06 | 1006554 jus_lite_reading
jus_lite_reading's picture

Only $5 and change away from my 3 week initial target for silver ain't to shabby.

The implications of course mean a global war is imminent but at this point, a global war is necessary to flush the corrupt corportate trash from the system as roving mobs come knocking on their homes...

Tue, 03/01/2011 - 08:27 | 1006457 johnQpublic
johnQpublic's picture

while you celebrate the rise in silver, you'd better be mourning what this means

Tue, 03/01/2011 - 08:29 | 1006463 jesse livermoore
jesse livermoore's picture

just    BTFD   I said,  what are you stupid

Tue, 03/01/2011 - 08:32 | 1006468 Haywood Jablowme
Haywood Jablowme's picture

 

7.62 anyone?

 

Tue, 03/01/2011 - 08:46 | 1006498 Former Sheeple
Former Sheeple's picture

+5.56

Tue, 03/01/2011 - 08:53 | 1006518 UGrev
UGrev's picture

haz both, haz ready eyes.

Tue, 03/01/2011 - 09:18 | 1006589 HellFish
HellFish's picture

5.56 AND 45ACP Oh and some 12Ga

Tue, 03/01/2011 - 09:55 | 1006684 Real Estate Geek
Real Estate Geek's picture

5.56?  Only if they're going through this: 

http://www.kitsune.addr.com/Firearms/Machine-Guns/GE_XM214_Minigun.htm

 

Tue, 03/01/2011 - 10:32 | 1006713 Triggernometry
Triggernometry's picture

5.56mm is a joke and even our soldiers agree. .308 cal is much better, though I'm a huge fan of .300 WSM, overkill never hurt anybody...

Sig-.357 for handgun caliber, there's a reason why the secret service doesn't use .45acp or 10mm, and this is it.

Tue, 03/01/2011 - 12:54 | 1007399 ColonelCooper
ColonelCooper's picture

I don't know that I would call 5.56 a joke.  Obviously it is an inferior round compared to .308.  There are a number of reasons why 5.56 should be considered as a SHTF caliber:

It is everywhere.  Anyone who is even remotely a gun guy has one.  Ammo will be either easy to find or a good source of income/barter.

The AR platform is also everywhere.  Parts and mags are interchangeable, and again easy to find, or sell.

5.56 is a great caliber to introduce new shooters to centerfire.

It is cheap to practice.

It is relatively accurate, and easy to shoot.

Generally rifles in 5.56 are lighter weight than an AR10 or M1A/M14 platform.  Doesn't bother you? Hand it to your wife and make her hold it for a couple of hours.

 

.45acp is a great round, and plentiful.  Excellent choice.  10mm is expensive to practice, and is an ass kicker, and nobody has it.  There is a reason LE went to .40 S&W (10mm short).  I would recommend .40 over 10 mm. (plentiful, cheap to shoot, best auto performer of common calibers, easier to handle)

New shooters shouldn't shy away from .357 revolver.  When you pull the trigger, they go bang, no FTF, FTE, etc..  Practice with .38.  Cheap and plentiful.

9mm is viable for all of the same reasons that 5.56 is. 

Tue, 03/01/2011 - 08:51 | 1006513 watchingdogma
watchingdogma's picture

39 or 51?

Tue, 03/01/2011 - 08:59 | 1006540 Haywood Jablowme
Haywood Jablowme's picture

 

both :)

 

Tue, 03/01/2011 - 09:20 | 1006595 I only kill chi...
I only kill chickens and wheat's picture

I was going for another ar but moving to 51 myself.

Tue, 03/01/2011 - 09:30 | 1006617 Former Sheeple
Tue, 03/01/2011 - 09:46 | 1006657 gaoptimize
gaoptimize's picture

I think that is the lightest .308 I've ever seen.  Disappointing that there is no bipod mount.

Rounds for survival, bars for real estate!  I wonder when the local banks are going to start accepting bullion as money without capital gains and sales tax.

Tue, 03/01/2011 - 09:47 | 1006660 UGrev
UGrev's picture

Oooh. Bushy kickin' up a notch. I'm saving up for my Fulton Titan (in 7.62x51), though ;)

Tue, 03/01/2011 - 09:55 | 1006682 william the bastard
william the bastard's picture

I'll bet it slips sweetly into your anus.

Tue, 03/01/2011 - 10:03 | 1006695 ColonelCooper
ColonelCooper's picture

I think that's more up your alley than mine so I wouldn't know.  It will however, quite easily put a bullet into yours from five football fields away.  Now go away, goatfucker.

Tue, 03/01/2011 - 09:09 | 1006570 Former Sheeple
Former Sheeple's picture

Both of those plus .22, .38, 9mm, 12 ga.

Tue, 03/01/2011 - 09:29 | 1006613 youngman
youngman's picture

What is wrong with a little 50 BMG ...

Tue, 03/01/2011 - 09:34 | 1006626 Former Sheeple
Former Sheeple's picture

Nothing wrong with the 50 cal, but i really just like to shoot with my boy's and that seems a bit much, at least i hope it's a bit much.

Tue, 03/01/2011 - 08:34 | 1006472 Oh regional Indian
Oh regional Indian's picture

JQP, thanks for the reality bite.

ORI

Tue, 03/01/2011 - 09:08 | 1006566 jus_lite_reading
jus_lite_reading's picture

Who once said that once every generation or so a revolution is necessary to abolish the scum from the earth? Oh yeah, that guy!

ORI, you should be celebrating, that the rise in silver has a two fold purpose. Although the final outcome is a positive one, getting there may be tough. Then again, would you prefer to be a slave to the corrupt elite?

Tue, 03/01/2011 - 09:25 | 1006603 Oh regional Indian
Oh regional Indian's picture

Nevah, Jus light. I'm happy to do somethign to bring them down myself.

But the backdrop of war, as inevitable as it is, is sad.

See all the gun talk above? Like moths to a flame, this PM/War thing seems joined at the hip, eh?

ORi

Tue, 03/01/2011 - 09:41 | 1006634 Haywood Jablowme
Haywood Jablowme's picture

the elitists will take us down the path we all don't want to go on.

it's the transitional period / period of adjustment of those in society that are late to the party and who haven't taken the time to prepare that I'm concerned about. 

http://www.youtube.com/watch?v=Khm2_l9o-98&feature=related

 

 

Tue, 03/01/2011 - 08:48 | 1006503 Sudden Debt
Sudden Debt's picture

yes... your right... I'm crying right now...

OF JOY!!!

 

IT'S GOOD TO BE = ME!

Tue, 03/01/2011 - 09:51 | 1006677 Blank Reg
Blank Reg's picture

Ideally, I am hoping for things to get just bad enough to make my silver go up by multiples, but not so bad, there is nothing to buy. Hey Ben, can you pull it off for me?

 

Tue, 03/01/2011 - 09:04 | 1006460 Oh regional Indian
Oh regional Indian's picture

I'm looking at 34.44 and it's looking good.

In pure percentage terms, silver is going bananas. Is the USDX crashing?

All in all, wild times ahead. Like being on a bucking horse.

Anyone want to play in a market cornering move? All physical.

Hunt's were early, now is the time.

We shall see! 

ORI

http://aadivaahan.wordpress.com/2011/02/25/wisdom-for-warriors-7/

Tue, 03/01/2011 - 08:28 | 1006461 Forgiven
Forgiven's picture

Tanks Bitchez!

Tue, 03/01/2011 - 08:27 | 1006462 Lone Mad Minute...
Lone Mad Minute Medic's picture

Thank you Payne Weber and GO Fox News!

Tue, 03/01/2011 - 08:32 | 1006467 eddiebe
eddiebe's picture

GO AWAY fox news!

Tue, 03/01/2011 - 08:31 | 1006466 eddiebe
eddiebe's picture

Fuck, why cant Canada be south of the U.S. border?!

Tue, 03/01/2011 - 08:43 | 1006487 mogul rider
mogul rider's picture

Care to elaborate before Leo amd I take offense and kick your sorry yankee butt up between your ears.

(Well not Leo cause he's from Central Canada - I'm his knuckledragging maritmer)

Make it good I haven't fucked up a zombie for two weeks so brang it on.

 

If no offense intended then well have a nice day eh as we say up here in igloo land.

Tue, 03/01/2011 - 09:02 | 1006549 eddiebe
eddiebe's picture

No reason to get your panties in a bunch, I've lived just south of Canada for many years and would rather move south than north, that's all. But other than that, I like a lot about Canada, even though politically Canada seems to be the U.S.'s bitch..

 And a good day ya heh!

Tue, 03/01/2011 - 11:19 | 1006939 mick_richfield
mick_richfield's picture

It will be, after the impending magnetic polar reversal !

 

 

 

Tue, 03/01/2011 - 08:33 | 1006470 Sudden Debt
Sudden Debt's picture

Just ordered a 100$ morgan dollar bag uncirculated and bought some speeders from 33$ hedge 18 and warrants 35 june 2011/parity 1.

LET THE SHOW BEGIN!!

Tue, 03/01/2011 - 09:50 | 1006674 ColonelCooper
ColonelCooper's picture

I sure hope your "uncirculated" Morgans make the right ringing sound when you drop them on the table.

Tue, 03/01/2011 - 09:59 | 1006690 william the bastard
william the bastard's picture

Buying a bag of uncirculated coins sounds like a smart move.

Tue, 03/01/2011 - 08:34 | 1006471 Lone Mad Minute...
Lone Mad Minute Medic's picture

Because they are too busy killing  babies with socilized health care. Your real question should be why can't they stay north of the border when they need real health care?

Tue, 03/01/2011 - 08:34 | 1006473 Henry Chinaski
Henry Chinaski's picture

Silver is the new gold!  Looks like steel isn't going out of style any time soon either.

 

Tue, 03/01/2011 - 08:46 | 1006496 Bobbyrib
Bobbyrib's picture

I was observing that people will no longer be buying silverware about a year ago. The most people will be able to afford is a nice set of stainless steel with their fine china.

Tue, 03/01/2011 - 08:51 | 1006512 Sudden Debt
Sudden Debt's picture

Another very good reason to own silver is that it's the only metal you can use to make bullets to kill vampires!!

 

BE PREPARED!! GARLIC AND CRUCIFIXES WON'T CUT IT!!

 

Tue, 03/01/2011 - 09:48 | 1006659 jimijon
jimijon's picture

Don't forget werewolves.

Tue, 03/01/2011 - 09:11 | 1006575 jus_lite_reading
jus_lite_reading's picture

Although everyone focuses on silver, there are many other stores of value that will be worthwhile to have after TSHTF such as ruby, pearl, jade and diamonds for example.

Tue, 03/01/2011 - 09:30 | 1006618 Ignatius J Reilly
Ignatius J Reilly's picture

All true, however, a bag of minted pre-1965 US quarters has more validity.  Plus, it is in a good size for everyday purchases.

Tue, 03/01/2011 - 11:19 | 1006950 Phlash
Phlash's picture

I disagree - I'm in the UK and I have some rubies and some orange sapphires as loose stones.

I tried to sell them to a number of jewellers - Most of them dont buy loose stones at all and the ones that do want them fully certificated as to their origin..

I have some nice stones but unless I learn to be a jeweller and make some rings out of them - I have no way of selling them... 

Tue, 03/01/2011 - 11:42 | 1007058 Triggernometry
Triggernometry's picture

Yes, copper is also a great store of value, especially since it can easily be melted for a myriad of uses. Easiest and cheapest way to get copper besides stealing it- pennies. That's right, pennies, 1982 and previous are solid copper worth almost 3 cents and rising, all you have to do is sift through your change.

I've accumulated just over a kilogram so far this year. Wish I could say the same for silver, but my next order will put me over the mark.

Don't forget- copper jacket lead is always of value.

Tue, 03/01/2011 - 12:02 | 1007135 Arkadaba
Tue, 03/01/2011 - 12:08 | 1007156 mick_richfield
mick_richfield's picture

So-called precious stones are worthless as money.

  * They are indivisible or nearly so.

  * Unlike Ag and Cu they have no inherent utility.

  * A single stone is too valuable to be usable for most transactions.

Think of the transactions that you and your neighbors would need to engage in for everyday life.  Silver dimes, nickel  ...um... nickels, and copper pennies are about right.

Ounces of silver are for large transactions.

Gold is for buying land, or for trade between princes.

 

 

Fed delenda est.

Tue, 03/01/2011 - 12:22 | 1007189 akak
akak's picture

Just invested in $5000 worth of pure Indian sandalwood oil, valued for millenia and the king of essential oils --- current market price (in bulk) around $100 per ounce.  The trees are essentially uncultivatable, wildly overharvested, and production will almost certainly and necessarily come to a complete halt within the next few years due to rampant poaching of the remaining stands and lack of harvestable trees, which must be at least 30-40 years old before their heartwood contains any oil worth extracting.  And unlike almost any other essential oil, but similar to a fine wine, sandalwood oil actually improves with age, for a century at least.

Tue, 03/01/2011 - 08:36 | 1006474 sangell
sangell's picture

"The development follows a decision by the Bahraini military on Saturday to withdraw their vehicles out of the capital's Pearl Square after a deadly police attack on protesters..."

Seems more likely that was a US decision as why would Bahrain authorities make the hard decision to use force to clear the square only to pull out and hand the streets back to the protestors. It maybe that after that response failed to quell the disturbances neither the Saudis nor the Bahrain royal family are much interested in the US policy recommendations.

Tue, 03/01/2011 - 08:39 | 1006478 sunnydays
sunnydays's picture

If Saudi Arabi tanks are used against the people that will not be good.  Then the Saudi people may arise.  It is not smart to transfer military hardware to a country where the people are rising up against suppression, especially if that hardware is used against the people.

Tue, 03/01/2011 - 08:44 | 1006488 sangell
sangell's picture

This may have more to do with the Sunni/Shia rift and who rules where than political reform. The Saudi Sunni majority is not to going to overthrow their Sunni king for supporting a Sunni sheik in Bahrain.

Tue, 03/01/2011 - 09:44 | 1006647 Just Observing
Just Observing's picture

The Saudi people may arise ? 

You mean like the folks in this country have while we've bombed the shit out of other folks all over the world ?

Pardon me if I doubt that......

Tue, 03/01/2011 - 08:39 | 1006480 Hollow_Point
Hollow_Point's picture

Doesn't it bother you that gold is not up there with silver considering what is happening at the Fed and the rest of the world? I feel gold should be leading and its not...something is not right here.

Tue, 03/01/2011 - 08:43 | 1006486 Kaiser Sousa
Kaiser Sousa's picture

i understand ur nervousness...i do believe a takedown will be launched...

the way Silver is dancing at and below 34.40 smells of intervention...the move above 34.50 must be firm if indeed we r on our way to 35 and thru 37...thats when u can bet that it is on like donkey kong........

 

Tue, 03/01/2011 - 09:03 | 1006552 MsCreant
MsCreant's picture

Gold 1422.

We may have ignition...

Tue, 03/01/2011 - 09:12 | 1006574 eddiebe
eddiebe's picture

I dont't think the cartel is out of bullets yet, not at all. Most likely they'll let silver go up to close to 50 in a zig zag, then they'll pull the bid and investors that have been chasing it ( especially those on margin ) will abandon ship in frantic panic and get creamed. Then the cartel will do it again, and again. Til there is a metal link to fiat, and that will probably be just gold. 

 Gold is to hold for the long haul.

Tue, 03/01/2011 - 08:57 | 1006529 StychoKiller
StychoKiller's picture

Gold currently over $1419.

Tue, 03/01/2011 - 09:07 | 1006562 JW n FL
JW n FL's picture
by Hollow_Point
on Tue, 03/01/2011 - 07:39
#1006480

 

Doesn't it bother you that gold is not up there with silver considering what is happening at the Fed and the rest of the world? I feel gold should be leading and its not...something is not right here.

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

JP Sells Silver Shorts to everyone else... it doesnt mean that JP owns them all the time... nor hold on to them very long...

Plus, Gold is a Bi-Product of Tungstun...

Plus, in China the little people are getting in on the action... Which means around the Globe Silver is used for trade in day to day life... gold is for saving or large take downs only, not buying coffee a muffin and the moring paper.

Tue, 03/01/2011 - 09:24 | 1006607 chubbar
chubbar's picture

There is a 2% collar on upward gold movements that has been in place for years. GATA has detailed this over the years. So, until it exceeds that % a few times in a short time frame I think we can assume that TPTB are still in control of gold.

They can't control Silver with the same ease because of the lack of physical and have been using paper (the JPM case we are all familiar with), which is losing its effectiveness.

I'm more apt to think this move is a result of the fundamentals surrounding the physical shortage than a response to geopolitical turmoil. Most moves in response to geopolitical events revert back at some point anyway, so hopefully it's unrelated.

Tue, 03/01/2011 - 09:48 | 1006668 Just Observing
Just Observing's picture

What "isn't right here" is that the events in the Middle East have much of anything to do with the rising price of silver.  ZH is mixing apples and oranges to reach a fruit salad conclusion.

Watch the price of gold/oil to see how world concern is reflected in ME events.

Silver is up for several OTHER reasons:

1. Shorts unwinding

2. Consumption vs. supply

3. Rising demand in China/India as they attempt to move up to at least 2nd world status.

4. Tiny fraction of the investing public is starting to 'get it'.

 

Tue, 03/01/2011 - 08:45 | 1006494 AN0NYM0US
AN0NYM0US's picture

Listening to Rosie I think he is a broken man

Tue, 03/01/2011 - 09:10 | 1006569 Bob
Bob's picture

It has the look of serious action--what are the holes they will use to get around it?  Or will it just be the usual absence of enforcement?

Tue, 03/01/2011 - 08:49 | 1006502 JonNadler
JonNadler's picture

The following trolls will now have to establish new screen names:

BiggerDickus

AppallinSmells

MethMan

William the Bastard.

JW in Fl

 

Please submit new screen names to me for approval no later than 3PM tomorrow. Jamie IS NOT pleased by your performance

 

Tue, 03/01/2011 - 08:55 | 1006524 ViewfromUnderth...
ViewfromUndertheBridge's picture

Tylers...please exercise a bit more conTroll...the ones named above need to be excised. You are re-proving Greshams Law.

Please. Or, an ignore button. The comments on ZH are often anti-time. 

Tue, 03/01/2011 - 08:59 | 1006535 StychoKiller
StychoKiller's picture

I find it easy to ignore stupidity, curious that you do not.

Tue, 03/01/2011 - 09:20 | 1006597 william the bastard
william the bastard's picture

Silver will explode. $60 next.

Tue, 03/01/2011 - 09:11 | 1006567 JW n FL
JW n FL's picture
by JonNadler
on Tue, 03/01/2011 - 07:49
#1006502

 

The following trolls will now have to establish new screen names:

JW in Fl

Please submit new screen names to me for approval no later than 3PM tomorrow. Jamie IS NOT pleased by your performance

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

I tell you what... why dont you send your cute lil daughter over to polish my fucking knob... and I will consider letting you breath after the lights go out?

hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm?

You are most likely that lying piece of shit burnbright.. about his fucking speed.

You fuckers need 12 names, you can NOT stand by what you say day to day.

Tue, 03/01/2011 - 09:19 | 1006596 JonNadler
JonNadler's picture

Troll Jw in FL said

"You fuckers need 12 names, you can NOT stand by what you say day to day."

 

If I were a psychology professor this would be my definition of projection

Tue, 03/01/2011 - 09:21 | 1006601 william the bastard
william the bastard's picture

Ignore the bashers. MMs just want your monies. let silver ride!! Go silver go!

Tue, 03/01/2011 - 16:40 | 1008340 ft65
ft65's picture

Quoting JW n FL... You fuckers need 12 names, you can NOT stand by what you say day to day.

Quoting JonNadler:

Troll Jw in FL said "You fuckers need 12 names, you can NOT stand by what you say day to day."

If I were a psychology professor this would be my definition of projection

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

Quoting Former Sheeple Jon, Unless "JW in FL" is different from "JW n FL", he doesn't belong on the troll list.

 

Don't be too quick to judge. JW n FL he may well have at least one other sock puppet here on ZH. If you want to know more, perhaps you may like to stroll over to www.godlikeproductions.com call out this handle. If you don't go in an IP ban list you may be able to have a delightful conversation with the site owner ^TrInIty^. He's a charming person, with a forum full of worshipers. Quite why he comes over here, I'm not sure. Another poster to look out for at GLP is "SHR" not sure (yet) if he posts here. See how long you last before they "cut you loose".

Tue, 03/01/2011 - 12:00 | 1007127 Burnbright
Burnbright's picture

Excuse me? I hardly ever respond to anyone. I don't take over entire posts with 20+ replies and wtf I haven't even commented to a single thing you have said in months. 

Tue, 03/01/2011 - 16:24 | 1008515 ft65
ft65's picture

Relax Burnbritght, just take a stroll over to www.godlikeproductions.com (it a somewhat wo-wo Muslim hating conspiracy forum) Chat with the owner and administrator that goes by the handle ^TrInIty^. Go gentle, he's a little unbalanced at the moment (meds. thing) but you won't be disappointed. If you have ever had any malware on your PC. there is a chance it could have come from this coding wizard. This is the chap's letter to the government (he so despises)...

http://www.ftc.gov/os/comments/spyware/040312lucas.pdf

 

 

Tue, 03/01/2011 - 16:14 | 1008451 ft65
ft65's picture

Quoting JW n FL / GLP ^TrInIty^

I tell you what... why dont you send your cute lil daughter over to polish my fucking knob... and I will consider letting you breath after the lights go out?

You are most likely that lying piece of shit burnbright.. about his fucking speed. You fuckers need 12 names, you can NOT stand by what you say day to day.

^TrInIty^ wow, just wow. I thought this sort of outburst was reserved for the forum YOU OWN (www.godlikeproductions.com). Would your handlers and president (Jason Lucas) at Zero Point Ltd., Shalimar (see http://trin69.en.ec21.com/company_info.jsp) be happy with such an outburst. This is one of the most spiteful I've seen outside GLP.

Time is up, time to abandon this identity - me thinks! Use your HBGary / MacDill / Eglin software elsewhere please.

Tue, 03/01/2011 - 09:18 | 1006592 Former Sheeple
Former Sheeple's picture
by JonNadler
on Tue, 03/01/2011 - 07:49
#1006502 Jon, Unless "JW in FL" is different from "JW n FL", he doesn't belong on the troll list.
Tue, 03/01/2011 - 08:52 | 1006506 mogul rider
mogul rider's picture

Be careful - mania is setting in.

CNBC dicks were spouting 130 silver last night.  Cramer is in, Obama is in, Boehner is in,  

Blythe had a bad morning

so.........

be careful and take profits if you are a trader

Just saying so chill

I will lighten up on my juniors of course keeping the precious as always

Tue, 03/01/2011 - 09:06 | 1006559 Haywood Jablowme
Haywood Jablowme's picture

parabolic blow-off anyone?  I think I'm going to add to the food stores today......hmmm Mountain House Chili Mac or the Beef Stew?

Decisions, Decisions...

 

Tue, 03/01/2011 - 10:10 | 1006733 Upswaller
Upswaller's picture

Good luck with the Mtn House.  They've been running so short that only major distributors are getting supplied, and sometimes backordered there too.  

Word is, the government has massive contracts with them.

Time is short for any considerable prepping.

Tue, 03/01/2011 - 11:37 | 1007038 Haywood Jablowme
Haywood Jablowme's picture

Yeah, that's what I've heard and seen.  I have enough #10 cans I care to look at.  Been snatching up the 2 meal packet entrees the last 6 months instead. 

 

Tue, 03/01/2011 - 10:51 | 1006838 Math Man
Math Man's picture

Psssst.  I have a secret for you.  THIS IS THE TOP OF THE PARABOLIC BLOW OUT.

It started six months ago.  The price is up over 70% since then.

It will be back where it was six months ago by the summer.

Sub $20 silver, here we come!

Tue, 03/01/2011 - 12:27 | 1007245 akak
akak's picture

Your theses are full of feces.

Tue, 03/01/2011 - 08:49 | 1006507 ViewfromUnderth...
ViewfromUndertheBridge's picture

Iran has always had a territorial claim over Bahrain...

Tue, 03/01/2011 - 08:52 | 1006517 Oh regional Indian
Oh regional Indian's picture

Really? Any substantation to that? Links etc? Thanks.

 

ORI

Tue, 03/01/2011 - 09:00 | 1006539 ViewfromUnderth...
ViewfromUndertheBridge's picture

Yes, I lived there 1993-1996. nicholas arno at g mail dot com. and a lot more, don't get me started. 

Tue, 03/01/2011 - 08:51 | 1006510 boooyaaaah
boooyaaaah's picture

"The Whiff of Grapeshot"

 

 

On 3 October, royalists in Paris declared a rebellion against the National Convention after they were excluded from a new government, the Directory.[31] One of the leaders of the Thermidorian Reaction, Paul Barras, knew of Bonaparte's military exploits at Toulon and gave him command of the improvised forces in defence of the Convention in the Tuileries Palace. Bonaparte had witnessed the massacre of the King's Swiss Guard there three years earlier and realised artillery would be the key to its defence.[7] He ordered a young cavalry officer, Joachim Murat, to seize large cannons and used them to repel the attackers on 5 October 1795—13 Vendémiaire An IV in the French Republican Calendar. One thousand four hundred royalists died, and the rest fled.[31] He had cleared the streets with "a whiff of grapeshot", according to the 19th century historian Thomas Carlyle in The French Revolution: A History.[32]

The defeat of the Royalist insurrection extinguished the threat to the Convention and earned Bonaparte sudden fame, wealth, and the patronage of the new Directory; Murat would become his brother-in-law and one of his generals. Bonaparte was promoted to Commander of the Interior and given command of the Army of Italy.[20]

Tue, 03/01/2011 - 08:57 | 1006526 EscapeKey
EscapeKey's picture

Cotton is back up to its 52 week high. That "correction" sure didn't last long.

Tue, 03/01/2011 - 09:02 | 1006528 whopper
whopper's picture

where is that dick head "math head" ???

errr....I mean Johnny Bravo or Master Bates...that same dick head.

Tue, 03/01/2011 - 08:58 | 1006537 Kaiser Sousa
Kaiser Sousa's picture

the bankers r desperately escalating the propganda war...

u know we have arrived when this much mainstream media is engaged to detour further physical accumulation...

http://www.reuters.com/article/2011/03/01/us-silver-idUSTRE72028420110301

Tue, 03/01/2011 - 09:01 | 1006544 George the baby...
George the baby crusher's picture

This could well turn into a  Sunni/ Shia showdown, and then we're going to see more the just revolution on the streets.  Then countries will go to war.  This is the next faze.  And what does this mean for profit taking, I'm sure silver and gold will do very well.

Tue, 03/01/2011 - 09:08 | 1006563 MsCreant
MsCreant's picture

Who is pumping my oil while these folks fight it out?

Hmmm...?

Tue, 03/01/2011 - 09:13 | 1006576 sangell
sangell's picture

Probably whomever can park an armored division on the oil fields. Presumably that would be whomever is in command in Fort Hood, Texas.

Tue, 03/01/2011 - 09:05 | 1006558 longjohnshorts
longjohnshorts's picture

Real question: What are 2-3 ways to go long the US$ vs. the Euro? While both currencies are whack, the latter seems overpriced in the short/medium term.

(For this particular play, not interested in AU/AG.)

Tue, 03/01/2011 - 12:29 | 1007254 akak
akak's picture

... both currencies are whacked

Tue, 03/01/2011 - 09:07 | 1006564 zaknick
zaknick's picture

"now that the dollar is irrelevant in the FX realm"

I'll remind you of this af the appropiate time. Yellow journalism?

Tue, 03/01/2011 - 09:10 | 1006568 koeleköpke
koeleköpke's picture

this is where Iran is waiting for.

if the Saudis interfere, the countdown will start

Tue, 03/01/2011 - 09:15 | 1006582 Dr. Dre
Dr. Dre's picture

a lot of ZH'ers need to re-learn some history.. 

If you want to know what happens when multiple long positions demand physical delivery of a commodity all at once, you need look no further than the Hunt brothers silver saga of 1979-1980. They did nothing illegal, the Chicago Board of Trade (CBOT) and COMEX changed the rules in the middle of the game, the Commodity Futures Trading Commission (CFTC) implemented new regulations, and the Hunts were bankrupted, unjustly. All they really did was simply request the delivery of the physical metal for which they held valid, legal contracts. The shorts were unable to meet the delivery at any price because enough deliverable silver did not exist - a classic short squeeze and the panic was on.

Tue, 03/01/2011 - 09:42 | 1006645 tmosley
tmosley's picture

The Hunt Bros used leverage, and were a single, central target for regulators.  Every effort has been made over the last few months to shake out all of the levered players.  They could raise margin requirements to 100% and it would only have the opposite effect, as did the last margin hike.  This time there is no-one leading the charge to be cut down.  

Further, the supply of silver is ~1/30th of what it was then.

Tue, 03/01/2011 - 09:49 | 1006669 william the bastard
william the bastard's picture

"Further, the supply of silver is ~1/30th of what it was then."

 

Bullshit.

Tue, 03/01/2011 - 11:00 | 1006865 Math Man
Math Man's picture

Exactly.  Totally bullshit.  The are 10,600 tons of silver at SLV.  Anybody who wants to can give a basket of shares to an AP and have them redeem for physical and take delivery.

If you want ~50,000 ounces of silver, they're yours for the taking.  You won't even move the market because 25mm shares a day trade hands.

In 1980, that option didn't exist.  

Silver is easier to source now than it was in 1980.

Tue, 03/01/2011 - 11:27 | 1006983 spartan117
spartan117's picture

Bastard/Meth,

You two need to get a room. 

Getting desperate, aren't you boys? 

Tue, 03/01/2011 - 11:41 | 1007051 Haywood Jablowme
Haywood Jablowme's picture

probably cause they're getting paid in fiat $$'s and can't keep up with the price inflation.  Time to work on that sales pipeline boys.  Quotas must be a bitch these days LMFAO

 

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