This page has been archived and commenting is disabled.
Silver Hits Highest Price Since March 7, 1980
The "correction" is over. The last time silver was here, the 10 Year was at 12.45%, the 2s10s was inverted -210 bps, and gold was $600.
»
- 22415 reads
- Printer-friendly version
- Send to friend
- advertisements -
I own it! Not enough though :(
Individually we can't buy enough to stop the manipulation, but together we can. Join the silver flash mob: http://standfordelivery.com
Blythe has lost control. When a manipulator loses control, what's next?
You guessed it.... disgrace, shame, stepping down, leaving the country, etc.....
Meat pie and potato soup eatin witch dressed in 'rubbish'.
she's english. so whatever. london isn't a bad exile spot.
not to worry. the fed (us taxpayers) will bail her out and pay her bonus.
yeah jpm morgan will crash then get bailed out with our tax dollars. when is everyone gonna say fuck you and stop paying taxes
JPM is still in business. Many other things can send the markets into a deflationary spiral still. All they have to do is hold out until it happens. Don't forget that holding out is easy when you're a primary dealer.
JP Morgan is a leading owner/member of the private central bank called the United States Federal Reserve. As such, they can never go out of business. Still, it does not mean we can not poke the bee hive and take it down a notch or three.
Keep buying and taking delivery of silver! This is the time for the proverbial 'knockout punch'!
keep in mind that JPM has themselves well Hedged this time. Because its not mentioned in the MSMedia people tend to forget. It was all highlighted here in Dec., and their Copper Gains more than off-set any losses they have to take, doing their duty in trying to keep a lid on Silver and Gold. As for why Copper, because Copper would be part of any multi-metal currency system. BTW, Hugo Salinas Price recently detailed exactly how to put one into use, including doing so along with fiat running at the same time...here's some links, and clips:
http://www.zerohedge.com/article/jp-morgan-denies-it-holds-more-90-copper-market-no-statement-whether-it-holds-89
JP Morgan Denies It Holds More Than 90% Of The Copper Market... No Statement On Whether It Holds 89%
A Single Trader, JP Morgan, Holds 90% Of LME Copperhttp://www.zerohedge.com/article/single-trader-jp-morgan-......
When a week ago we reported that JP Morgan has denied it owned more than 90% of the copper positions on the LME, we suggested that this could very well mean that Blythe Master's firm could just as easily control 89.999% of the copper and still not misrepresent the truth per that non-commital press release. Turns out our unbridled cynicism was spot on as usual. The Wall Street Journal has just reported that in the copper market "a single trader has reported it owns 80% to 90% of the copper sitting in London Metal Exchange warehouses
From the WSJ:
Copper soared to a new record of $4.2705 per pound on Tuesday in New York, and is up 28.3% this year. The LME's three-month copper contract closed at $9,353.50 a metric ton, up 1.6% on the day, a new record.
JP Morgan own's tons of copper for one simple reason. It's a byproduct of silver mining. It's reported that silver is a byproduct of copper mining but that's not true it's the opposite. JP Morgan got hurt real bad with copper prices on the 2nd crash during the great depression. They will get hurt real bad with copper prices on this crash.
And Katherine Austin Fitts is a wonderful smart person. But she's going to learn something new this year. She going to learn the inter relationship dynamics between sociopaths controlling sheeple. Get ready for buck a pound copper and 80 dollar a pound solder and no construction and wars and tax refusals and draft not dodges but straght up fuck you at the point of a gun.
70/30 solder. It's the next not a bubble but real trouble, bitchez.
could you please explain your post - i do not understand what you are saying but i am curious. what is solder? 70/30 solder? why is CAF wrong?
thanks...
She's wrong because she thinks that the bank can go all military industrial complex on the us population. They can't. If they do they lose the entire us population forever. And if you thought nam vets had it harsh you ain't seen nothing yet if they do threaten the us population.
She also doesn't understand that our money supply is simply a derivative of gold valuation. Read the tyler story about people buying 25 thousand dollar cars for 100k in dollars. The dollar dump is not only here. It's here with hair on it and smelly breath. There's going to be a big pop in profits and money with the dollar dump. But it's all over after that. It's headed for sub 62 range which basically means pariah banana republic currency.
Solder is what you use to join electronic components together. It's based on silver and lead and tin. But it has lots and lots of silver in it especially for the new ball mount electronics components. Which don't use much in the way of solder but still silver will put a severe hurt on the electronics and solar industry.
The copper in London is hardly the only copper in the world, nor does the rest of the world only buy on the COMEX.
Hell it was announced after the GATA deal, the morgue went and bought the Copper mkt, lock stock and damn near the barrel.
Then, if that were not bad enough, OWAHWAH gave them a GET OUT OF JAIL FREE card on Silver.
So now they control BOTH.
The Whitehouse and Wall Street are married, and their bros n sisters from Arkansas.
Yes, that's another weapon in our arsenal to bring "Them" down.
Between now and April 15th a mass movement, stepping stride of stride with the acquisition of the Silver movement, needs to come together.
DON'T PAY THE IRS WITH YOUR HARD EARNED "DOLLARS", USE IT TO BUY SILVER! (Sorry for the caps, I was moved by the concept)
When we filed our taxes, just before submitting, we got a little blurb window asking us if we'd like to use our refund to purchase US Treasury bonds. It said they were a great investment.
We purchased some silver eagles and maples instead.
"Why take a cash refund when you can buy some high-quality TREASURY BONDS! They are the safest investment you can ever make! ... no? you sure? please? pretty please? Damn, just have Bernanke buy them"
Most folks have no choice, the gov already has them, and if you do not pay, everything you have you will have garnished.
How do you beat that?.Short of cashing out,and going to jail?.
She's a worthy adversary, and is semi hot, in that intellectual way.
A worthy adversary? Using unlimited taxpayer dollars to cover her losses? What the hell are you talking about?
I thought you were going to say Porn....darn...I'd pay big money to watch that.
Pfft gold/silver. Big deal - The stock market is up even without any trading! Money for all!
Stock market is up 6% since 1999, gold is up 400% since 1999!
Banzai,
Can I please get a pic of Blythe on the ground with Ritchie Blackmore standing with a foot on her head? I wanna link it for an article and include this (props to someone below who linked the song and reminded me...)
http://www.youtube.com/watch?v=p9nfVrusSMg
Hell Yes!!
lol fairy tale world.
what you will get is capital controls.
guess who is laughing in your face as you are ripe for rape again.
but dont worry its for the good of all ;-)
Yeah right, cap controls and "they" are laughing? I think it would be more akin to Hume Cronyn's speech to Kristofferson in Rollover...
Or she could just go work for the World Bank, as suggested in that Hitler video a couple of months back.
the line is veritical
http://www.kitco.com/images/live/silver.gif
She will SLAM this bitch to the ground, mark my words
Well it won't be til next week if that is the case. But what happens at the end of the month? Follow the turd. She's done.
Allow me to say this: Stand for delivery. There is not enough silver in the entire world to make delivery. See what happens to the value of your silver when everyone is asking...
PS: Do you hear that sound? That cracking sound? That's the EU's foundation crumbling as the PIIGS weight grows everyday by a mass the size the sun.
Word has it she jumped off the building...I have a pic of it here
www.silvergoldsilver.blogspot.com
If even half the open interest for COMEX silver stands for delivery, they are screwed.
Same here, news like this just prompts a temptation to increase rate of accumulation. Can't do shit else.
Giddy up!
I suppose my prediction of $40+ silver within 3 weeks is looking right on track...
Your prediction?
Hey Woppo, that is a cool handle and picture. Funny squared.
And if someone had traded on this prediction, I think the returns would have been, shall we say.....HEFTY!
Check it out... posted on October 18th 2010
http://aadivaahan.wordpress.com/2010/10/18/an-opportunity-and-a-golden-warning/
Is there a way to increase the size of the avatar to see what it actually is?
If she blows through the $31.30 resistance by a Dollar or more Silver could really cut loose... previous all-time high is $50
...and Rob Prechters 'cry Wolf' Elliott Wave team of hysterical bears will have to throw out their 43rd set of PM's charts ...their predictions still on a 100% failure rate... brilliant!
And that previous high of $50 was in 1980 dollars. There is a lot of upside... wouldn't want to get caught just holding paper though.
Yes, my prediction. Of course others are saying the same, but I feel $40 is conservative.
I think its time to start giving wynter benton respect who has called everything since the beginning of january.
was meaning to give you credit for that Sir.
You can thank me in ~3 weeks! ;)
PS- by then, have everything you need...
Yep jus_lite, and where did all the PM trolls go all of a sudden?
Harry wanker was last seen licking Blyth's wounds...
For silver, another great day
Poor Blythe must be starting to pray
To keep out of danger
Just trust the Lone Ranger
Who said: "Hi Ho silver away!"
Hey LK, that's not bad at all.
Pity, there's hardly a market for poetical value.
Great rhyme!!
Should I be happy the AG/USD exchange rate is surging in my favor or disturbed that every dollar higher in silver increases the odds of WWIII?
Yes, the sooner we get it over with the better things will be.
TPTB will take a number of defensive actions before they let the collapse of the dollar against any commodity cause WWIII. Things will appear to happen slower than they should, except in hind-sight.
" Things will appear to happen slower than they should."
They already have and that is half the fun. No one can be sure when the system goes burst but we do know, things are accelerating rapidly despite the happy talk propaganda and rising stock market. In fact, I'd go as far as saying, the higher the market goes... the more social unrest...
I honestly don't understand why people are celebrating so much. I am long A LOT of silver, but this is not great news as far as I am concerned.
Structurally, the chart looks like it has a potential to enter a parabolic phase (the third leg of a pattern of increasing slope). If that happens and you are long silver, it will mean you do much much better than everyone else, but that might not be saying much, as an economy with a currency problem has the potential to be a very unpleasant place. You will be relatively "rich", but rather than meaning that you eat better, it might mean you are a target for the rest of the people that need to eat.
Do I honestly think this will happen? No, I think the market will find some way to correct Ben's stupidity before it gets out of control, but then I didn't think the market would let it get this far.
If you see silver going up $1/day for a series of days in a row with a $2 day in there for kicks, I would consider that a good signal that it's game over. At that point, I would expect the parabolic move to outlast the existence of a functional market as we know it. If you see that signal, trade some shrinking green paper for food and ammo pronto.
Would you prefer slavery?
throughout history it has been dangerous
to be right when the government is wrong
1. the best slave is a slave who doesnt believe he is a slave ;-)
2. in rome i think giving 50% or more from your income classified you as slave.
3. please count your taxes to ten and tell me do you really feel free? do you pay more than 50%
most men died out long ago
I am concerned that after all this, the government could just decide to step in and declare "hoarding" (that is, private ownership of silver bullion) a threat to national security and outlaw it. Maybe they need the silver to make new naked body scanners or some such excuse - but they will think of something. Gotta jump out at the right time... Mike Maloney thinks when a median family home in the US sells for 500-600 ounces of silver, it will have peaked... hmmmm
how many people own silver who do not live in the US? do you think this is the only coutnry in the world, i will be happy to take your silver ;- )
Many serious PM investors such as myself own smelting kits.
Confiscation didn't work very well in the 30s and it's even less likely to work now. What are they gonna do, go door to door looking for PMs? Kind of expensive. If they try to pass a law like that, it will just go into the underground economy.
You will be relatively "rich", but rather than meaning that you eat better, it might mean you are a target for the rest of the people that need to eat.
Which is a good reason to order "serf size" meals at McDonalds so that when you exit McDonalds you won't be eaten by hungary Americans that invested in bonds.
Keep your weight downa and your balance sheet in the lock box and you'll be ok.
Duffminster
Mr. Sinclair says differently.
He has said numerous times to be ready for swings in GOLD to easily go 200-300 each way in ONE day.Maybe several times.
Silver is no different.
This move up is strictly demand.
I see them both retesting OLD highs(not Silvers highest), but the 1429 range on Gold, before we get HIT again.
They can still control gold, but I think for the small silver market it's soon going to be game over. There will probably be a lot of volatility in the next several weeks, but I expect by the time March is past silver might resume a slower steady climb.
good near term low call Nic L
BOOM BITCHEZ!
http://www.youtube.com/watch?v=BFyWPeou4Gc
D for Delivery
and applying the "ruler" theory...where is this heading?
and conversely...where is the dollar heading?
I guess CNBC didn't want to touch that topic huh?
Booyah!
I want a ZH hockey sweater with "Argent" on the back, #47
OH YEA?
Well SPG is at it's 52 week high and climbing while surpassing a 52X PE!
Eat that silver!!
bitchezzzz
Witches can lose? She just needs to wiggle her cute little nose.
http://seeker401.files.wordpress.com/2009/12/blythe-masters.jpg
Damn!
she is kinda H O T , in a devilish way†
Blech... if cold corporate types are your thing...
Panic buying bitchez !!
stick it to the vampire with a silver fork
Blythe Ho Silver...Awayyyyyyyyyyyyyyyyy!
I AM THE MAN ON THE SILVER MOUNTAIN!!
http://www.youtube.com/watch?v=vOyFE-1LAI0
BLYTHE GANGBANG, bitchez!!!
activity resembles shorts stopping out
You betcha. And many more to follow.
Anyone else concerned gold isn't coming along for the ride?
Not really. Silver has some catching up to do. Remember, silver hasn't even exceeded it's 1980 high yet. Gold passed it's 1980 high a couple of years ago. So I would expect silver to routinely outperform gold from here until the bull market is over, however both will do very well.
I don't expect a major pull on Gold until the Gold/silver ratio hits 30-35, then increasing pull until 20, then near lockstep.
When that ratio hits under 30 I'm going to trade about half my Ag for Au...
keep the squeeze coming
Wake me when headline reads "Silver in virgin territory".
why the hell would silver go to a star trek convention?
LULZ
Precious Metals Outlook: Potential Short Squeeze Brewing
http://rosenthalcapital.com/blog/2011/02/precious-metals-outlook-potential-short-squeeze-brewing/
Hoenig is probably helping when he says "Fed is causing inflation and thats great"
Thanks Ben!
I've been kicking myself during this past month for not having the resources to buy more physical.. unfortunately life often has other plans for your money.
ps. never talk about extra money around cars or appliances.. they have ears.
Dr. Pchop ! ........ just do the best you can, keep accumulating, & be grateful for what you have in silver......... that is what I learned. The Government & banking system & have removed the knowledge from the general population regarding silver & gold......... this was common knowledge in my grandparents day.
Be grateful for what silver you have cause, baby, YOU'RE GONNA NEED IT !!!
:>)
And spouses. Male or female, it doesn't matter. Extra money means gone, consumed, evaporated, exited stage right.
There is no such thing as extra money, only money not currently allocated but soon to be.
No way. If my spouse was going to spend our money like that, she would get the boot pretty quickly... she understands the value of savings (or, more likely, just has an incredibly frugal way of life)...
She realizes that if we play our cards right and navigate the coming waters correctly (although it will take a fucking miracle), we may stand to be in financial heaven/retirement... but, in order to give ourselves the best chance of success, we have to remain flexible and debt free.
Also, if you're worried about cars needing repairs, buy japanese (toyota).
My friend, you would benefit yourself by coming to terms with the fact that where we are going, there will be neither peace nor retirement.
Really, DFT, who are you? You seem to be in possession of some rather esoteric information.
It depends on the period of bloodshed... I like to think that after significant deleveraging, there will be viable opportunities for able bodied/minded folks who are willing to work (albeit if they post on the internet too much)... hopefully, I won't need depends and ensure by the time the evironment is favorable to make some scratch.
So true, so true!!
+ a new set of tires and a fridge that took a dump, all within a week.
Perfect evidence of a bubble top*
* not really, I just wanted to see how it feels to be a complete loser troll. Why would anyone do this?
lulz
Why do so many of you make stupid random comments that add no value to this site and simply force people to filter through crap-comments to find things of value? (I realize this qualifies as stupid random comment but curiousity got the best of me)
Because on news like this, there is not much analysis to make. Facts speak for themselves.
And everybody here is tense, so they relax.
Some of us are REALLY happy to see silver break free. I came just to share in the gloating....
My lantern shines upon an honest man.
Confirmation bias, when confirmed, feels soooooooo good. God bless those endorphins. :>)
http://en.wikipedia.org/wiki/Endorphin
Confirmation Bias Bitchez!!!
(sorry - just had to)
That's my line!
thanks for that link, coggy. it is true. i was on the start line of a mass start cross country skate race. this idiot just deliberately stepped on my skis, and brought me down really hard to the ground. i had broken a small bone in my right hand i learned, after finishing the race, pretty good finish time, went straight to emergency and got Xray. it really perks you up with pain and anger. something like this happened, when broke my rib in a mountain bike race. i came off a rock and my ribs hit my saddle.
Umm . . . for the lulz? Why can't you spell curiosity properly?
Not sure, I always make that mistake, guess my mind simply doesn't work right...
Are you on the rag?
You should be fucking happy we trust you with even that small amount of real work.
Mother promised me a pony if silver breaks 40 by my birthday in March. I will call her Star, and feed her cubes of sugar.
Oh, Rafty, you know Mother is liable to say anything when she's been drinking.
Coming soon to the Fraudulent Exchanges:
Silver plated Tungsten bars! (or the metal equivalent for silver)
http://en.wikipedia.org/wiki/Molybdenum
Molybdenum (Mo) is para-magnetic, silver (Ag) is non-magnetic. (Mexico has an abundance of both.) Caveat Emptor.
molybdenum has an almost identical density to silver:
http://www.roadtoroota.com/public/212.cfm
It doesn't seem to pay to produce silver-coated Moly bullion coins, and it would seriously NOT be worth it for junk silver. Hence, I have virtually all of my stash in junk silver, some in Eagles and some in old proof sets that still have more value as coins than as raw silver.
Yeah, and look for that particular silver ring...it is the easiest way to confirm authenticity in coins.
Correct, steel is the first choice, but the magnet will reveal that fraud.
molyrectum
To the trained ear, the "Silver Sound" of ringing the metal is unmistakable!
Hey! Not fair. The UK is just a bankrupt as you guys and silver isn't at it's highs again in £.
Oh well, gives us a chance to stock up while enjoying our increasly costly cups of tea I guess.
When in good season...
The EU as a whole is the most insolvent sovereign union. Then comes the UK and the US a close second. In short, the people of the PIIGS are already slaves.
Ahem, in the Ugly Competition the US tops everyone just for the record... much worse than UK and Europe as a whole... and the US banks derivative exposures extend to the outer Universe probably as far as the original Big Bang at the beginning of time
Numerically or technically? As I said, he who has the biggest guns wins. What is money? Yup. America is "worse" but still the biggest bully in the yard.
i'm not sure where anyone gets this 'War Theory' idea that you make money out of shooting up other people and their property... the US has NEVER made money out of war, any resources gained are far outweighed by the $100's of Billions in war costs ...war in Afghanistan added to Russias bankruptcy, the US's 2 wars there and Iraq for the past 8-9 years should just about finish you Yanks off ...start another war, you'll be finished in months
Maybe not the US government but plenty of US businesses have gotten fat from wars.
i believe we are positive on the year now too....
God, I love Forex and its 50:1 ratio!
oui :-)
Felt remorse for buying at Tuesday's high of $30.91. Doubled up last night at $30.73. I'm happy now again.
YAY! Think I'll do a Scrooge McDuck and swim in my bullion! Go Silver!
Please mentally color correct image to Silver.
McHappy McDuck
That is the Ben Bernank in Alan Greenspan's secret cave vault. Far from prying eyes.
Does anyone else have some silver pieces at their desk? I have 2 eagles and 3 walking liberty halves that I fondle on a frequent basis...
I carry one of these in my watch pocket at all times.
Honest Value Never Fails
http://www.icollector.com/27-1974-U-S-Constitution-Honest-Value-Never-Fa...
I like to use it to point out that we don't have honest money (as per Art. 1, Sec. 10), but instead use IOUs for IOUs. Meanwhile my silver ounce remains undebased as its value will always remain an ounce of silver.
Nice! I'be been carrying an Eagle for 5 years now.
A shameless plug for an article I posted early in January which describes the Silver I carry and what I'm trying to do with that Silver.
http://www.zerohedge.com/article/johnny-silverseed
Good piece, CD, read it at the time -- also read your long 5 part piece!
I use to carry a $5 gold liberty and talk to people about Henry Ford doublinga days wage to $5 - and bring out a cotton $5 too. But that was when gold was $400 and I didn't mind losing $125 if I lost it. I don't any more because I'm afraid of losing it.
I carry a 1 oz ingot with me everyday. It's like my totem.
Same here for a convo piece, I drag around a 1oz Libertad, '84 vintage.
Beautiful coins, I think as attractive as the Eagle easy.