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Silver Surge #2 Imminent?
Here it comes again, courtesy of Google Trends. We will shortly start taking bets how many hours will pass before the CME hikes silver margins by another 100%, despite not lowering them once in the spot price drop from $50 to $32 over the past two months.
h/t Mongo
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Reading the other 9 'hot searches' of the avg american makes me plan another trip to the ammo store today.
try krugerrand next to american idol for some more entertainment.
Actually, try "silver futures" on wolframalpha.
The results come out in a gif which I'm unable to post above.
There is a copy to plaintext function.
a more accurate reading than google trends, would be silver troll posts. They are already starting to crawl back out from under their rocks to try and re-write their wrong calls of the past. Good thing i save stuff to text files.
Once we have a bull run in ST (Silver Troll Inc), you know Physical wont be far behind.
Don't pretend that you didn't click on ivanka or real housewives. :)
Wake up people, compression trade #2 on deck
+40. Best comment of the day!!!!!!
....just be sure and save one for yourself....
....amazing....obviously they did not count my search for "How to build a suppressor"....
My favorite is "portable air conditioner". That's American society in a nutshell.
Comfort is our curse.
Try Houston in July......then we'll talk.
No thanks, not my kind of scene... already Tried Fallujah in August.
You've got me beat. You can pass through this checkpoint at any time.
Pass through a sphincter? I'll let him go first.
+#2 I'm laughing on that one.
What would Al Gore do? Wave his hands and shout and claim it was Global Warming.
Unless you are in Seattle, where we still struggle to break 70 and its been raining for 10 months...
+.610 volts
Ge? Now that's old-school!
This may very well be a good short entry point in anticipation of the equity market take down / futes margin spike. I mean they could raise margin to the point that your only allowed to sell no ? Would that be anything new ?
the strangest example of google trends i've seen was one day a couple of years back when jordan maxwell was the hottest search. i even mailed the cranky old bugger about that.
I bet COMEX raises margins within 48 hours of this posting on ZH. Google trends is a very strong contrarian indicator, and SLV is showing slight intraday weakness today.
+1 comex margin increase definitely coming
No. margin is proportional to price; and timing is by open interest; the total number of open contracts; no increase until after $50 goes by.
Raising rates on silver now is suicide.
260 to 1
If the margins reach actual silverprice 100%, why wouldn't you ask for delivery?
How will they deliver that?
If they increase margins now, the last bits of silverdust will be sold on the cheap and after that it's going to rocket up X4, X5 easy in a few days.
Woof! Pant, Pant, Pant *Salivates
Can't have the JPM share price under the spot price. Only took a couple of days last time before the smackdown came in.
Yep, that's the one to watch - the Blythe Ratio, now over parity again. Sign of either another smackdown or the final death throes of JPM
Well, Jamie Dimon has a job at treasury if all else fails.
Well looking at the rest of the top 10 I would have to say that it is a safe bet that we are doomed.
pods
Dumb americans are looking at silver prices 'cause they want to sell their silver "scrap" for a new 2" wider TV.
You underestimate people to your own peril.
+1 I agree, tmosley.
No, it's dumb Americans buying at the top. I saw more newbies buying silver a few months ago at $45.00, than I've seen buying since the '08 crash. Seriously, watch some of the bullion forums and sellers. As the price rises, mania sets in and newbies pile on. There hasn't been any shortages at $35.00, but wait until it hits $49.00 next time. TFF.
I dub thee Spalding Savant.
95% Idiot, 5% Savant.
"But it only costs $5 to dig from the ground!"
"But it only costs $5 to dig from the ground!"
"But it only costs $5 to dig from the ground!"
"But it only costs $5 to dig from the ground!"
There are going to be more than a few financial headstones engraved with the above line --- and I can't wait to get my hammer and chisel ready to start engraving Spalding's.
So you are on the record that $45 was the top?
For the record, I was buying at those levels too. I also bought when it when down. This price rise ain't shit compared to what's coming. That's with or without a collapsing dollar. I want everyone to know so that everyone can retain their wealth. Most won't listen though. Too bad for them.
Not at all, I'm long term bullish! I'm merely pointing out the folly of human nature. Everyone should be loading up on corrections, but you'll see the usual mania buyers flood the market as the price starts climbing.
With prices floundering around $35.00, has APMEX sent you an email wanting to buy your silver? No, but we'll all get another one the next time silver closes on $50.00.
Sorry, but I find that humorous.
Totally agree that this price rise aint shit to what's coming. Buy as one can, going up, going down, because ITS THE TREND STUPID!! and the trend is obviously up.
Only a financial advisor wont see that.
...
americans have no silver scrap.
Definitely wrong on this note, I buy from 4 coin shops and about 20 "we buy gold" shops and they're all flooded with business. All the sheep selling of course. It took silver hitting 45 a couple months back for my local shops to go from net local buyers to net local sellers. More 90% these days than scrap, its all bagged and shipped off to the big boys who melt most and retail the 90% online. When (if) the shops' business turn again like the spring then a takedown is near or things are about to explode.
A few weeks ago we had dinner with some friend at their home.
I was talking about securing money in PM's and then my friend said that his wife had "invested" in silver.
She was so proud.
So she showed me what she bought: 1 tea set in silver and a few other big coffee and kitchen stuff insilver.
I looked at it and after 2 seconds I said her that it was all silver plated.
So i asked how much she paid for it: About 50$ on Ebay...
Yeah... silver investment...
If it shines like silver, it's silver for most people.
Then she said she had al lot of silver jewelery. So I told her that a comon silver ring has 3 grams of silver in it.
It takes 10 rings to have 1 ounce worth 45$
Silence...
There are indeed not a lot of people who actually own stuff worth selling with real value.
A LCD TV, big ass fridge... everybody has those and when a real depression would kick in, those will be worthless.
I am reduced to tears at the stark truth in this post.
There are so many like it in my family, woe onto them.
I follow some real estate web sites. When the mortgage crisis hit 3 or 4 years ago there were reports of SUV after SUV at thrift stores, some with U Haul trailers, giving away near new big screen TVs, leather sofas, etc etc all from people losing their homes.
A large screen TV sits in my home bought for 190 dollars out of a pawn shop. Complete with manual and wires. It was only in the store about 14 hours total. The person who pawned it did not get very much for it. Walmart at the time was asking 1000 retail so.. it was a nice buy.
They sold all their "scrap" in April when prices were between $40-$45. Grandma's silver tea set has already been shipped to China and is rolling down the line in a new solar panel.
You know a lot of middle class suburban families that have "silver scrap"?
Is JPM still naked short on silver?
JPM has something like only $12million VaR on commodities, according to the latest report released with earnings. JPM is hedged.
VaR...."hedged"...hahah do not make me laugh...I have some risk-free treasury securities as well, never lost money buying bonds!
JPM is doing whatever the fuck they want. There are no regulators calling Jamie and Blythe telling them to "clean things up".
Hedged? LOL...
I am just reporting what JPM reported. I will dutifully junk myself on the low reliability of my reported information.
Laughing with you, not at you bro.
May the Farce be with you...
You think the algo's are propping up JPM to close?
Agreed.
Ever since JPM inherited bear's silver position , and likely long before,they have worked as the silver market management arm of the US Government, and one can be sure that they have myriad tasks in many different markets.
No reasonable person could look at the behavior of silver prices the last several years , culminating in the CFTC assisted Mayday drive by shooting , and arrive at any other conclusion. No other conclusion is possible.Straightforward Government policy
Gold and silver are fatally dangerous to fiat currencies , in particular a piece of shit like FRNs.
How does JPM get paid, ie if their naked shorts go billions underwater as appears to have occurred, do they get a mark to market cheque from Timmah at monthend.
That would be some paper trail for an ambitious whistleblower. It could take down Governments, so there isn't one. No money changes hands. Too atomic.
Information changes hands, period end of story, inside information, and JPM trades off it, probably a one to one conversation, and the policy gets executed. JPM has never lost penny one capping silver, it was never their risk to begin with, and one can only imagine the value of that information proffered for executing Policy.
That's a Bullseye Post there partner...well said.
These crooks are not only well funded (LOL), they have political Deep Cover on everything they do.
Ah, but that's how they've hedged their positions. They've bought the regulators.
JPM 39.82
do bears shit in the woods?
There's no such thing as a naked short in the commodities futures market; this term comes from the stock market. The whole JPM story is just internet bullshit. They have no material interest in the price of silver; at all. I am alll up in silver; but you don't need phoney stories to make the market, china is buying right along; and Europe. Still a bull market as far as I can tell.
As of last Friday, CFTC Cotts report shows Commercials (I.E. the Sack's & banks) went another 42,000+ contracts short GOLD.
Thats another 4.2M+ Ozs of paper GOLD.
Im sure they can DELIVER all this promised GOLD and SILVER when the call comes...
I know they can cook books, but it had better be one hell of a BBQ.
Don't you know... They are "just hedges..." Becuase someone else bought.
For every short position; there is a long. Always. meditate on this until the light goes on.
So? In a flash crash that long position can be bought at maybe 20% of what it went for 3 seconds before and 3 seconds after.
A flood of orders can impact markets, and sometimes people can make money by tripping other people's stop losses. They can also force longs out of the market by getting exchanges to raise margin limits when the price is falling.
Hurry up CRIMEX, the Hong Kong Metals Exchange begins selling Silver this Friday, your last chance to rig the market, call the Regulators out to lunch to ignore your blatant price manipulation and fleece investors before you get competition (remember that word you monopolistic parasites?) and real price discovery
Don't piss your pants, wet your nappies and spit your dummy out the pram you're not stitching up this market any longer there in 'boom town' Chicago
Last investor out the door switch the lights off.. CRIMEX RIP
They may use paper to drive the price down further so that they can get more physical.
Wow... our educational system here in the U.S. is doing a great job. I can't believe how brain dead our youth has become. The media and government controlled education have won this battle. The war isn't over yet though.
I knew that physical silver purchase of $40 a couple months ago would work out.
Who is Rachel Uchitel? I've lost all touch with popular culture.
congratulations. strong sign of sanity.
I was thinking the same thing. Without Googling I would guess some woman soccer player?
No, that would be Hope Solo.
I would hit her so hard that whoever pulled me out of her would be the next King of England.
With the fury of a Panzer tank division...
I'll see your Hope Solo and raise you one Megan Rapinoe. Woof! And I'm not usually digging short hair or blondes...
http://www.fifa.com/womensworldcup/players/player=212337/index.html
She may not swing your way...just sayin'.
If Ms. Solo is too much woman for you, why not settle for a
http://www.fifa.com/womensworldcup/players/player=302753/index.html
or a
http://www.fifa.com/womensworldcup/players/player=302763/index.html
Rachel Uchitel = "original" Tiger Woods squeeze to come out of "wood"work...
(Let's see if I get "junked" by just answeing a straight question)... Some clown on another thread saw fit to just go down the list & single out all Francis Sawyer comments... So if there's a junk on this, I'll know it was Tiger Woods himself...
I junked myself for the typo on 'answering'...
People who worry about junks out loud get junked just for fun you know.
Now there are two junks so which one was Tiger?!?
Not worried...
I did it on purpose & wear it as a badge of honor...
Hazing is the oldest & ultimate fraternity prank there is... If NOBOdY had 'junked' that comment (straight factual answer to straight question), then what kind of fooking fraternity is this anyway?... :-)
wasnt it one of tigers lovely ladies
...puzzled also by Iwanku Trump...
Actually (other than silver and gold, that list is really depressing...no wonder we are in such deep shit.
Sorry, I don't know either. But the name sounds vaguely elvish. Are her ears at all pointy?
+50 double good. steady as you go; now throw away your tv set, you're doing fine.
Trashing the TV is double plus good indeed IQ.
ORI
http://aadivaahan.wordpress.com/2010/08/19/want-to-save-the-world-or-at-...
Are they making an Avengers movie? Can't wait... that was my favourite show from childhood after Star Trek.
Wow... our educational system here in the U.S. is doing a great job. I can't believe how brain dead our youth has become. The media and government controlled education have won this battle. The war isn't over yet though.
I knew that physical silver purchase at $40 a couple months ago would work out.
Oh, goody, more upbeat news from Japan:
Fukushima Daiichi prepares for typhoon arrival
Tokyo Electric Power Company, or TEPCO, is rushing to put a makeshift roof over a turbine building at the Fukushima Daiichi nuclear power plant as typhoon
Ma-on approaches Japan.
TEPCO released a new photo on Sunday showing its preparation work.
The metal roof will cover the turbine building of reactor Number 3. The hole in its roof was caused by a hydrogen blast in March.
The new roof is 5-meters long and 16-meters wide. It is designed to cover up the hole to prevent an increase of radioactive water in the building.
TEPCO says the roof is scheduled to be installed with a crane on Monday.
Fearing high waves, a hose was temporarily disconnected from the "megafloat" barge, which contains relatively low-level radioactive water.
But no measures have been taken to prevent rainwater from entering reactor buildings 1, 3, and 4. The structures were damaged by hydrogen blasts.
However TEPCO says it does not expect any drastic increase of the water level in those 3 buildings.
At the Fukushima Daini nuclear power plant the doorway of reactor number 1 was also repaired to prevent rainwater leaks.
Monday, July 18, 2011 05:50 +0900 (JST)
Earthquake, tsunami and now a typhoon on its merry way?
..you wait all bloody day for a Bus then 3 come along all at once, just typical !!!
so how are the preperations going at Fukinshambles? ...let me guess, like the prep work for earthquakes and tsunamis they're Govt Regulated f'n shambolic
....wonder where the typhoon will go after it picks up its radioactive payload????
Korea? Mainland China? Taiwan?.....migh be some shorting opportunities here, folks.
I'm not worried about the typhoon, or the rain; but TEPCO has go to be the worst power plant operating company in the world.
Homeland security is flying a chopper all over seattle metro area trying to get a "baseline" for radioactive substances 'just in case there's a terrorist attack.' We are washing all our berries to make sure the hot particles are off the fruit.
Or just maybe they are trying to get a read on Japanese radiation floating over the US...?
So when is Comex going to run out of FRN bribes to convince hedge funds to NOT take delivery?
The Comex is not the Silver Bullion store; all minimally sophisticated persons know this. If a hedge fund wants to hold Silver they can buy it at one of several places on the planet that are Silver Stores. They take positions to hedge other positions, or to speculate on the price.
When silver approaches 43, the 2/3rds of the selloff, margins will go up. It's all so easy.
Margins are proportional to the price of the underlying; there will be no margin increases until well after $50 on the way up; they will also consider the total number of contracts outstanding.
Just make it a 100% cash market and get it over with.
I'm still waiting for a central bank or huge hedge fund to buy up the entire COMEX open interest and stand for delivery.
did you see hsbc on tyler's sweetheartz of sigma chi chart? only down 1.5%, tho.
looking @ the cots figures, here COT Gold, Silver and US Dollar Index Report - July 15, 2011 it looks like the banksters only shorted 4K contracts during the week of the report, into this little rally: 4K x 5K (oz./contract) = 20 KK (million) ounces, @ $40/oz = $800,000,000 short last week, but don't tell the KKK, o-K?
but, it's only paper, till, as you say, somebody stands for delivery. $200,000+ per contract + fees, but if one wants a smaller amt, try some US silver coins.
also, in re your ramp up comment, below, equities may have taken the wrong ramp right after you posted. but, maybe they'll get their bearingz soon.
somebody just said cali was getting eathquakes. apparently, this is news, now... b/c it is the same pattern that preceeded fuk_u. are we doomed or just over-run by trollz?
on the "bloomberg" string:
by HowardBealeon Mon, 07/18/2011 - 15:11
#1467528
California is currently undergoing a series of earthquakes that almost identically recreates what was going on in Fukushima days prior to the disaster; that's a Black Swan awaiting. I wonder how Bloomberg would spin the collapse of the Golden Gate Bridge into the Pacific...
and, i think i just learned why these links go dead when posted, sometimes.
Must not have been much in the north, then. I just got off the phone with a friend in SF and he didn't mention it. Or is this "insider" info? What's the story?
maybe it's from an underground source. trolls can tunnel? howzabouta troll poll? what story are we in, here?
pick two, but #3. ? must have an "answer" so, we'll be quaranteed to never figure this out! we want to hear from the trolls here, so only trolls may respond.
don't be shy! (that's a fuking joke, unfortunately)
this trollop can direct you here only: http://www.youtube.com/watch?v=MwHWbsvgQUE&feature=share and it's no fuking joke.
3. "The Day the Earth Stood Insolvent"
3. "The Bernank Horror Printing Show"
Troll calling
FYI, if you want to know here's a USGS link for earthquake activity for California.
http://earthquake.usgs.gov/earthquakes/recenteqscanv/
"I wonder how Bloomberg would spin the collapse of the Golden Gate Bridge into the Pacific"
Answer: BULLISH
Next question...
im with you, dead right, lets get on with it.The one thing that has not happened (yet?) is, at the moment the Open Interest has not ballooned in Silver, and we now have a far better chart , not ideal but better , and not that godawful parabola we had in late April... in fact i dare say these thieves probably stepped aside and BOUGHT, to draw in more suckers for the Mayday Killshot.
This is not a completely crazy scenario; in a sense, I'm waiting for it too. But this, not very likely, but possible, scene would play out with say three or four wealthy families in Europe getting together and just doing it. The money is available; silver is a tiny market.
The local coin shop and online dealers don't allow me any margin when I buy physical Silver and Gold from them.
My local shop has lay-away with 10% down. Was thinking about putting their entire inventory on lay-away back when we dropped down to 33.
Now that's a scary list.
sweet - more chances to buy ;-)
They are going to ramp the market green into the bell.
Then AAPL and WYNN will probably miss after hours...
I do not think they can ramp 14 handles on the S&P in one hour with the Treasury so low on Market Stability funds.
AAPL reports tomorrow.
If there are tax hikes for lower middle class citizens attached to the debt ceiling deal, then expect a decline in gaming stocks.
Why?
Gods don't make mistakes. i-Whateverthefuck is being released soon.
iPeas.....bitchez
traditional 2:30 pm goosing FAILED.....see what they do at 3:30. MAYBE this bullshit EOD might finally stop (or at least on every fukin' day)
I like the Bra you used to have better. Could we have that one back?
This is the one damn thing the system / government-bank-alien-vampire-zionist-conspiracy (TM) has actually been doing for me in the past twelve months. The more they subsidise my silver purchases, the happier I am. If some douche from GS is reading these posts, please, oh please don't try to lower silver to $20.00. I'd be shocked. Mortified, I say.
...or from JPM even.
You see, I'm too scared to think straight. Not lower silver! Gasp!
give me a 'J'
give me a 'P'
give me an 'M'
what you got?
'Market Rigging Parasites'
JP Morgan Rigs Market for Muni Bond Issuance (Fined $228m)
http://www.ft.com/cms/s/0/8ceebf82-a8c1-11e0-b877-00144feabdc0.html#axzz...
How about Market Pillaging Jackasses for JPM's real name backwards?
Don't encourage them.
give me a 'W'
give me a 'T'
give me an 'F'
what you got?
"douche from GS"? "douche from JPM"?
Your wish for less expensive PMs will be fulfilled by the upcoming margin hike. We are just waiting for the green light from the NY federal Reserve Bank.
#1 silver prices
#17 gold prices
times to grab some popcorns and enjoy the show
Eric Sprott, silver...
http://www.entendance.com/forums/viewtopic.php?f=17&t=782&p=18201#p18201
getting a bit hot under the collar and tetchy across there at insolvent, leveraged to the moon JP Morgue is it?
talking of "words and actions not lining up" Sprott just bought even more PM's on the dip for his ETF, what has JP Morgans ETF done or announced? ....silence ..... tumbleweed ..... whistled Dixie?
JP Morgan not used to competition in their rigged markets? When Sprotts words and actions adds up to alot more metal going into his ETF why the deafeing metallic silence from JP Morgans???
Then short silver, trollhole.
AN INCREDIBLE PARADOX
PSLV sits at a 20 percent premium to the intrinsic silver price, and somebody asked , why not do a follow up in PSLV and take silver to 90 this time, since the initial issue more than doubled the silver price in a few short months.
This happened because he called the 100 to one paper silver bluff, the physical market could not handle a 550 million physical order, and it took 3 months to deliver PSLV's physical bars.
Many of the bars that finally got delivered this past February POSTDATED the issue !!
This puts paid to any arguments that physical silver is plentiful, not for size its not, look at those Comex inventories in freefall. I digress.
The common assumption is that JPM and every other market manipulator one can think of, is a seller, in this instance shorting paper silver.
Now, a caveat, I am assuming here that PSLV has additional "room" on their SEC approved prospectus, if someone can clarify this I thank you, but my working assumption is that it was a billion dollar shelf, of which half has been used up in the initial issue.
WEll this is a ten billion dollar stiletto on the carotid artery of the criminals at JPM, not to mention Washington, and it could well be more.
What to do, this is a mutibillion dollar menace.
Simple, you take a couple hundred million dollars and jam PSLV UPWARDS , I repeat UPWARDS , and keep it there at a premium to NAV that i have never seen in 40 years of this. . You spend say, 200 million to save 10 billion plus, probably good business.
PSLV is paralyzed, a followup issue has to be in the context of the prevailing market, and nobody in possession of their senses is buying silver at a 20 percent premium to the prevailing physical price.
Is it manipulation? It most certainly is, of an amazingly paradoxical kind, and if some yokel sashays into the SEC with a Prospectus for another phys silver issue available to AMERICANS , all the best of luck.
The summer intern who approved the original PSLV prospectus on a hot August afternoon eleven months ago is wearing the heavy footwear in the Potomac.
Vam,
Sprott could buy shares of slv and then take delivery. He'd get a two-fer. In one case he would probably drive the price of silver up, causing JPM & the EE no end of pain, and in the other case, he would immediately increase dramatically the value of pslv. Purchasing this way may also cause a default in the Comex if slv has to 'borrow' silver it doesn't have from the comex inventories.
It only took about two months for the higher margins to be absorbed by the market last time. Every margin increase now has less and less affect on the price. Next one will cause half the fall and will be recovered in only 2-3 weeks.
Buy the fucking dip boys!
Sounds reasonable to me. Logical too.
Hey, where's my man Flanagan today? Funny he doesn't show up on new all time high days (gold).
And how are those silver shorts working out Spalding?
young mr. smeels AWOL lately
Lots of furniture to deliver in the recovering economy?
Can't afford no internet. Don't need no internet. Saving money, it's bullish!
I think he is fully involved in furiously digging to make up for lost time.
"Only costs $5 to dig from the ground!"
"Only costs $5 to dig from the ground!"
"Only costs $5 to dig from the ground!"
"Only costs $5 to dig from the ground!"
"Only costs $5 to dig from the ground!"
"Only costs $5 to dig from the ground!"
"Only costs $5 to dig from the ground!"
What these guys fail to mention is:
"..at it's current rate of extraction".
"Only costs $5 to dig from the ground!"
What these guys fail to mention is:
"..at it's current rate of extraction".
the old pump and dump. when have we seen this one before?
I'm wondering if the margin hikes will coincidentallly be announced on the same day that Congress agrees on a debt ceiling deal thus maximizing the sell off...Similar to what happened with OBL back in May...
...no need ......to wonder........
CME needs a serious beating.
China opened up it's commodity exchange.
Soon CME won't be able to raise margin rates
the same way. I believe now only Gold is traded however.
Precisely why they'll launch their final attack this week? HKMEX launches its silver contracts this Friday correct? Same exact day that Congress has to agree on a debt ceiling deal? What a coincidence.
So maybe we'll have margin hikes on Thursday?
The MoFo's are waiting for The Call from Timmy and Ben before they pull the trigger....they are too busy now propping up the stock market and calculating the next Banker Bonuses....
Come on $49.99...I'm ready to short the shit out of it, again. There can be only one, Gold or Silver. Follow the Yellow brick road and choose wisely.
Not enough gold for a gold standard. Going to need the white stuff.
15/1