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Silver Surge #2 Imminent?

Tyler Durden's picture




 

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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Mon, 07/18/2011 - 14:49 | 1467389 SheepDog-One
SheepDog-One's picture

Reading the other 9 'hot searches' of the avg american makes me plan another trip to the ammo store today.

Mon, 07/18/2011 - 14:51 | 1467407 uranian
uranian's picture

try krugerrand next to american idol for some more entertainment.

Mon, 07/18/2011 - 15:41 | 1467637 Ahmeexnal
Ahmeexnal's picture

Actually, try "silver futures" on wolframalpha.

 

Projections from historical volatility:

 

The results come out in a gif which I'm unable to post above.

Mon, 07/18/2011 - 16:07 | 1467778 Fedophile
Fedophile's picture

 

Projections from historical volatility:

 

50% range, 1 month | 37.1  (-8.0%) to 43.85  (+8.7%)

95% range, 1 month | 31.63  (-21.6%) to 51.43  (+27.5%)

50% range, 1 year | 30.19  (-25.2%) to 53.89  (+33.6%)

95% range, 1 year | 17.38  (-56.9%) to 93.59  (+132.1%)

(assuming lognormal price distribution)

 

There is a copy to plaintext function.

 

Mon, 07/18/2011 - 22:52 | 1468959 eisley79
eisley79's picture

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.

Mon, 07/18/2011 - 14:57 | 1467443 malikai
malikai's picture

Don't pretend that you didn't click on ivanka or real housewives. :)

Mon, 07/18/2011 - 15:02 | 1467474 Stoploss
Stoploss's picture

Wake up people, compression trade #2 on deck

Mon, 07/18/2011 - 15:13 | 1467536 Upswaller
Upswaller's picture

+40.  Best comment of the day!!!!!!

Mon, 07/18/2011 - 15:27 | 1467606 rosiescenario
rosiescenario's picture

....just be sure and save one for yourself....

....amazing....obviously they did not count my search for "How to build a suppressor"....

Mon, 07/18/2011 - 15:33 | 1467632 I_ate_the_crow
I_ate_the_crow's picture

My favorite is "portable air conditioner". That's American society in a nutshell.

Mon, 07/18/2011 - 15:42 | 1467682 augie
augie's picture

Comfort is our curse. 

Mon, 07/18/2011 - 16:15 | 1467823 Ima anal sphincter
Ima anal sphincter's picture

Try Houston in July......then we'll talk.

Mon, 07/18/2011 - 16:55 | 1467946 augie
augie's picture

No thanks, not my kind of scene... already Tried Fallujah in August.

Mon, 07/18/2011 - 17:04 | 1467979 Ima anal sphincter
Ima anal sphincter's picture

You've got me beat. You can pass through this checkpoint at any time.

Mon, 07/18/2011 - 17:54 | 1468124 Al Gorerhythm
Al Gorerhythm's picture

Pass through a sphincter? I'll let him go first.

Mon, 07/18/2011 - 18:10 | 1468163 Ima anal sphincter
Ima anal sphincter's picture

+#2  I'm laughing on that one.

Mon, 07/18/2011 - 20:21 | 1468521 IQ 145
IQ 145's picture

 What would Al Gore do? Wave his hands and shout and claim it was Global Warming.

Tue, 07/19/2011 - 01:26 | 1469273 FlyPaper
FlyPaper's picture

Unless you are in Seattle, where we still struggle to break 70 and its been raining for 10 months...

Mon, 07/18/2011 - 17:47 | 1468107 BandGap
BandGap's picture

Mon, 07/18/2011 - 20:24 | 1468533 IQ 145
IQ 145's picture

 +.610 volts

Tue, 07/19/2011 - 01:59 | 1469307 StychoKiller
StychoKiller's picture

Ge?  Now that's old-school!

Mon, 07/18/2011 - 14:50 | 1467390 scatterbrains
scatterbrains's picture

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 ?

 

Mon, 07/18/2011 - 14:49 | 1467394 uranian
uranian's picture

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.

Mon, 07/18/2011 - 14:54 | 1467420 slaughterer
slaughterer's picture

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. 

Mon, 07/18/2011 - 14:58 | 1467452 PuppetRepubl1c
PuppetRepubl1c's picture

+1 comex margin increase definitely coming

Mon, 07/18/2011 - 20:28 | 1468543 IQ 145
IQ 145's picture

 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.

Mon, 07/18/2011 - 15:03 | 1467482 Sudden Debt
Sudden Debt's picture

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.

 

Mon, 07/18/2011 - 15:09 | 1467516 HungrySeagull
HungrySeagull's picture

Woof! Pant, Pant, Pant *Salivates   

Mon, 07/18/2011 - 15:26 | 1467598 fuu
fuu's picture

Can't have the JPM share price under the spot price. Only took a couple of days last time before the smackdown came in.

Mon, 07/18/2011 - 16:42 | 1467906 Solid Gold Bubble
Solid Gold Bubble's picture

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

Mon, 07/18/2011 - 17:09 | 1467987 dracos_ghost
dracos_ghost's picture

Well, Jamie Dimon has a job at treasury if all else fails.

Mon, 07/18/2011 - 14:51 | 1467404 pods
pods's picture

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

Mon, 07/18/2011 - 14:53 | 1467413 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Dumb americans are looking at silver prices 'cause they want to sell their silver "scrap" for a new 2" wider TV.

Mon, 07/18/2011 - 14:56 | 1467429 tmosley
tmosley's picture

You underestimate people to your own peril.

Mon, 07/18/2011 - 15:42 | 1467678 firefighter302
firefighter302's picture

+1   I agree, tmosley.

Mon, 07/18/2011 - 15:51 | 1467718 Idiot Savant
Idiot Savant's picture

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.

Mon, 07/18/2011 - 16:07 | 1467786 fuu
fuu's picture

I dub thee Spalding Savant.

Mon, 07/18/2011 - 16:22 | 1467843 akak
akak's picture

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.

Mon, 07/18/2011 - 16:12 | 1467807 tmosley
tmosley's picture

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.

Mon, 07/18/2011 - 16:41 | 1467900 Idiot Savant
Idiot Savant's picture

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.

Mon, 07/18/2011 - 17:13 | 1467995 lawrence1
lawrence1's picture

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.

Mon, 07/18/2011 - 16:03 | 1467752 Idiot Savant
Idiot Savant's picture

...

Mon, 07/18/2011 - 14:58 | 1467449 Quinvarius
Quinvarius's picture

americans have no silver scrap.

Mon, 07/18/2011 - 15:09 | 1467511 SilverDosed
SilverDosed's picture

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.

Mon, 07/18/2011 - 15:54 | 1467728 Sudden Debt
Sudden Debt's picture

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.

 

Mon, 07/18/2011 - 16:11 | 1467800 HungrySeagull
HungrySeagull's picture

I am reduced to tears at the stark truth in this post.

There are so many like it in my family, woe onto them.

Mon, 07/18/2011 - 18:29 | 1468211 Diogenes
Diogenes's picture

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.

 

Mon, 07/18/2011 - 21:51 | 1468791 HungrySeagull
HungrySeagull's picture

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.

Mon, 07/18/2011 - 15:17 | 1467555 MonkeySmoke
MonkeySmoke's picture

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.

Mon, 07/18/2011 - 20:31 | 1468554 IQ 145
IQ 145's picture

 You know a lot of middle class suburban families that have "silver scrap"?

Mon, 07/18/2011 - 14:53 | 1467417 WoodMizer
WoodMizer's picture

Is JPM still naked short on silver?

Mon, 07/18/2011 - 14:56 | 1467435 slaughterer
slaughterer's picture

JPM has something like only $12million VaR on commodities, according to the latest report released with earnings.  JPM is hedged. 

Mon, 07/18/2011 - 15:01 | 1467470 camoes
camoes's picture

VaR...."hedged"...hahah do not make me laugh...I have some risk-free treasury securities as well, never lost money buying bonds!

Mon, 07/18/2011 - 15:02 | 1467481 Bay of Pigs
Bay of Pigs's picture

JPM is doing whatever the fuck they want. There are no regulators calling Jamie and Blythe telling them to "clean things up". 

Hedged? LOL...

Mon, 07/18/2011 - 15:19 | 1467570 slaughterer
slaughterer's picture

I am just reporting what JPM reported.  I will dutifully junk myself on the low reliability of my reported information. 

Mon, 07/18/2011 - 15:25 | 1467596 Bay of Pigs
Bay of Pigs's picture

Laughing with you, not at you bro.

May the Farce be with you...

Mon, 07/18/2011 - 15:43 | 1467686 WoodMizer
WoodMizer's picture

You think the algo's are propping up JPM to close?

Mon, 07/18/2011 - 16:55 | 1467949 vamoose1
vamoose1's picture

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. 

Mon, 07/18/2011 - 17:57 | 1468078 Bay of Pigs
Bay of Pigs's picture

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.

Mon, 07/18/2011 - 15:58 | 1467737 mick_richfield
mick_richfield's picture

Ah, but that's how they've hedged their positions.  They've  bought the regulators.

Mon, 07/18/2011 - 14:56 | 1467436 Squishi
Squishi's picture

JPM 39.82  

Mon, 07/18/2011 - 14:58 | 1467448 glenlloyd
glenlloyd's picture

do bears shit in the woods?

Mon, 07/18/2011 - 20:34 | 1468566 IQ 145
IQ 145's picture

 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.

Mon, 07/18/2011 - 14:55 | 1467423 BaBaBouy
BaBaBouy's picture

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...

Mon, 07/18/2011 - 14:56 | 1467438 WoodMizer
WoodMizer's picture

I know they can cook books, but it had better be one hell of a BBQ.

Mon, 07/18/2011 - 14:58 | 1467451 So Close
So Close's picture

Don't you know...  They are "just hedges..."  Becuase someone else bought.

Mon, 07/18/2011 - 20:35 | 1468570 IQ 145
IQ 145's picture

 For every short position; there is a long. Always. meditate on this until the light goes on.

Mon, 07/18/2011 - 21:02 | 1468658 Daphneisfedup
Daphneisfedup's picture

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.

Mon, 07/18/2011 - 15:03 | 1467433 Zero Govt
Zero Govt's picture

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

Mon, 07/18/2011 - 15:38 | 1467657 MsCreant
MsCreant's picture

They may use paper to drive the price down further so that they can get more physical. 

Mon, 07/18/2011 - 14:57 | 1467439 zee
zee's picture

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. 

Mon, 07/18/2011 - 14:57 | 1467441 tarsubil
tarsubil's picture

Who is Rachel Uchitel? I've lost all touch with popular culture.

Mon, 07/18/2011 - 14:59 | 1467456 uranian
uranian's picture

congratulations. strong sign of sanity.

Mon, 07/18/2011 - 15:06 | 1467496 Clueless Economist
Clueless Economist's picture

I was thinking the same thing.  Without Googling I would guess some woman soccer player?

Mon, 07/18/2011 - 15:34 | 1467636 Buckaroo Banzai
Buckaroo Banzai's picture

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.

Mon, 07/18/2011 - 15:41 | 1467672 fuu
fuu's picture

With the fury of a Panzer tank division...

Mon, 07/18/2011 - 17:51 | 1468120 sagerxx
sagerxx's picture

I'll see your Hope Solo and raise you one Megan Rapinoe. Woof! And I'm not usually digging short hair or blondes...

Mon, 07/18/2011 - 15:39 | 1467663 francis_sawyer
francis_sawyer's picture

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...

Mon, 07/18/2011 - 15:41 | 1467674 francis_sawyer
francis_sawyer's picture

I junked myself for the typo on 'answering'...

Mon, 07/18/2011 - 15:43 | 1467684 fuu
fuu's picture

People who worry about junks out loud get junked just for fun you know.

Now there are two junks so which one was Tiger?!?

Mon, 07/18/2011 - 20:09 | 1468492 francis_sawyer
francis_sawyer's picture

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?... :-)

 

Mon, 07/18/2011 - 15:45 | 1467690 jesse livermoore
jesse livermoore's picture

wasnt it one of tigers lovely ladies

Mon, 07/18/2011 - 15:46 | 1467695 rosiescenario
rosiescenario's picture

...puzzled also by Iwanku Trump...

Actually (other than silver and gold, that list is really depressing...no wonder we are in such deep shit.

Mon, 07/18/2011 - 16:01 | 1467753 mick_richfield
mick_richfield's picture

Who is Rachel Uchitel?

 

Sorry, I don't know either.  But the name sounds vaguely elvish.  Are her ears at all pointy?

Mon, 07/18/2011 - 20:37 | 1468575 IQ 145
IQ 145's picture

 +50 double good. steady as you go; now throw away your tv set, you're doing fine.

Tue, 07/19/2011 - 03:11 | 1469365 Oh regional Indian
Oh regional Indian's picture

Trashing the TV is double plus good indeed IQ.
ORI

http://aadivaahan.wordpress.com/2010/08/19/want-to-save-the-world-or-at-...

Mon, 07/18/2011 - 14:57 | 1467444 Killer the Buzzard
Killer the Buzzard's picture

Are they making an Avengers movie?  Can't wait... that was my favourite show from childhood after Star Trek.

Mon, 07/18/2011 - 14:57 | 1467445 zee
zee's picture

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. 

Mon, 07/18/2011 - 14:59 | 1467455 Jim in MN
Jim in MN's picture

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)

Mon, 07/18/2011 - 15:14 | 1467515 Zero Govt
Zero Govt's picture

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

Mon, 07/18/2011 - 15:35 | 1467641 rosiescenario
rosiescenario's picture

....wonder where the typhoon will go after it picks up its radioactive payload????

 

Korea? Mainland China? Taiwan?.....migh be some shorting opportunities here, folks.

Mon, 07/18/2011 - 20:40 | 1468582 IQ 145
IQ 145's picture

 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.

Tue, 07/19/2011 - 01:34 | 1469276 FlyPaper
FlyPaper's picture

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...?

 

Mon, 07/18/2011 - 14:59 | 1467457 camoes
camoes's picture

So when is Comex going to run out of FRN bribes to convince hedge funds to NOT take delivery?

Mon, 07/18/2011 - 20:43 | 1468590 IQ 145
IQ 145's picture

 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.

Mon, 07/18/2011 - 15:00 | 1467460 Sutton
Sutton's picture

When silver approaches 43, the 2/3rds of the selloff, margins will go up.  It's all so easy.

Mon, 07/18/2011 - 20:45 | 1468598 IQ 145
IQ 145's picture

 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.

Mon, 07/18/2011 - 15:00 | 1467461 RobotTrader
RobotTrader's picture

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.

Mon, 07/18/2011 - 15:56 | 1467660 slewie the pi-rat
slewie the pi-rat's picture

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?

Mon, 07/18/2011 - 16:00 | 1467749 slewie the pi-rat
slewie the pi-rat's picture

on the "bloomberg" string:

by HowardBeale
on 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. 

Mon, 07/18/2011 - 17:03 | 1467978 Bob
Bob's picture

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?

Mon, 07/18/2011 - 18:57 | 1468288 slewie the pi-rat
slewie the pi-rat's picture

maybe it's from an underground source.  trolls can tunnel? howzabouta troll poll?  what story are we in, here?

  1. dune
  2. beetlejuice
  3. ?

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)

Mon, 07/18/2011 - 19:28 | 1468373 gall batter
gall batter's picture

this trollop can direct you here only:  http://www.youtube.com/watch?v=MwHWbsvgQUE&feature=share and it's no fuking joke.

 

 

Tue, 07/19/2011 - 02:14 | 1469315 StychoKiller
StychoKiller's picture

3. "The Day the Earth Stood Insolvent"

3. "The Bernank Horror Printing Show"

Tue, 07/19/2011 - 01:39 | 1469293 FlyPaper
FlyPaper's picture

Troll calling

FYI, if you want to know here's a USGS link for earthquake activity for California.

http://earthquake.usgs.gov/earthquakes/recenteqscanv/

Mon, 07/18/2011 - 20:12 | 1468499 francis_sawyer
francis_sawyer's picture

"I wonder how Bloomberg would spin the collapse of the Golden Gate Bridge into the Pacific"

Answer: BULLISH

Next question...

Mon, 07/18/2011 - 18:53 | 1468270 vamoose1
vamoose1's picture

 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.

Mon, 07/18/2011 - 20:47 | 1468603 IQ 145
IQ 145's picture

 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.

Mon, 07/18/2011 - 15:01 | 1467469 Long-John-Silver
Long-John-Silver's picture

The local coin shop and online dealers don't allow me any margin when I buy physical Silver and Gold from them.

Mon, 07/18/2011 - 15:16 | 1467550 SilverDosed
SilverDosed's picture

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.

Mon, 07/18/2011 - 15:02 | 1467473 Rockfish
Rockfish's picture

Now that's a scary list.

Mon, 07/18/2011 - 15:02 | 1467475 Dreadker
Dreadker's picture

sweet - more chances to buy ;-)

Mon, 07/18/2011 - 15:04 | 1467489 RobotTrader
RobotTrader's picture

They are going to ramp the market green into the bell.

Then AAPL and WYNN will probably miss after hours...

Mon, 07/18/2011 - 15:15 | 1467545 slaughterer
slaughterer's picture

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. 

Mon, 07/18/2011 - 16:23 | 1467851 Spastica Rex
Spastica Rex's picture

Why?

Gods don't make mistakes. i-Whateverthefuck is being released soon.

Mon, 07/18/2011 - 16:42 | 1467904 Dr. Richard Head
Dr. Richard Head's picture

iPeas.....bitchez

Mon, 07/18/2011 - 15:29 | 1467613 cosmictrainwreck
cosmictrainwreck's picture

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)

Mon, 07/18/2011 - 21:36 | 1468748 IQ 145
IQ 145's picture

 I like the Bra you used to have better. Could we have that one back?

Mon, 07/18/2011 - 15:10 | 1467524 ping
ping's picture

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. 

Mon, 07/18/2011 - 15:12 | 1467533 ping
ping's picture

...or from JPM even.

You see, I'm too scared to think straight. Not lower silver! Gasp!

Mon, 07/18/2011 - 15:23 | 1467577 Zero Govt
Zero Govt's picture

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...

Mon, 07/18/2011 - 16:41 | 1467898 Hearst
Hearst's picture

How about Market Pillaging Jackasses for JPM's real name backwards?

Mon, 07/18/2011 - 17:26 | 1468036 disabledvet
disabledvet's picture

Don't encourage them.

Mon, 07/18/2011 - 20:14 | 1468502 francis_sawyer
francis_sawyer's picture

give me a 'W'

give me a 'T'

give me an 'F'

what you got?

Mon, 07/18/2011 - 15:22 | 1467582 slaughterer
slaughterer's picture

"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.   

Mon, 07/18/2011 - 15:17 | 1467558 ektor
ektor's picture

#1 silver prices

#17 gold prices

 

times to grab some popcorns and enjoy the show

Mon, 07/18/2011 - 15:57 | 1467644 Zero Govt
Zero Govt's picture

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??? 

Mon, 07/18/2011 - 17:22 | 1468026 lawrence1
lawrence1's picture

Then short silver, trollhole.

Mon, 07/18/2011 - 19:16 | 1468337 vamoose1
vamoose1's picture

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.

Mon, 07/18/2011 - 19:43 | 1468421 silverisgold
silverisgold's picture

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.

Mon, 07/18/2011 - 15:24 | 1467593 Juice Box
Juice Box's picture

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!

 

Mon, 07/18/2011 - 15:33 | 1467631 Bay of Pigs
Bay of Pigs's picture

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?

Mon, 07/18/2011 - 15:40 | 1467670 cosmictrainwreck
cosmictrainwreck's picture

young mr. smeels AWOL lately

Mon, 07/18/2011 - 16:06 | 1467782 MsCreant
MsCreant's picture

Lots of furniture to deliver in the recovering economy?

Mon, 07/18/2011 - 16:15 | 1467822 tmosley
tmosley's picture

Can't afford no internet.  Don't need no internet.  Saving money, it's bullish!

Mon, 07/18/2011 - 16:28 | 1467865 akak
akak's picture

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!"

Mon, 07/18/2011 - 17:32 | 1468058 fingulas
fingulas's picture

"Only costs $5 to dig from the ground!"

 

What these guys fail to mention is:

 

"..at it's current rate of extraction".

 

 

Mon, 07/18/2011 - 18:01 | 1468145 fingulas
fingulas's picture

"Only costs $5 to dig from the ground!"

 

What these guys fail to mention is:

 

"..at it's current rate of extraction".

 

 

Mon, 07/18/2011 - 15:28 | 1467608 jomama
jomama's picture

the old pump and dump. when have we seen this one before?

Mon, 07/18/2011 - 15:31 | 1467618 SeverinSlade
SeverinSlade's picture

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...

Mon, 07/18/2011 - 15:37 | 1467653 rosiescenario
rosiescenario's picture

...no need ......to wonder........

Mon, 07/18/2011 - 15:31 | 1467621 ArrestBobRubin
ArrestBobRubin's picture

CME needs a serious beating.

Mon, 07/18/2011 - 15:36 | 1467648 Platinum_Investor
Platinum_Investor's picture

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.

Mon, 07/18/2011 - 16:11 | 1467801 SeverinSlade
SeverinSlade's picture

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?

Mon, 07/18/2011 - 15:39 | 1467659 PulauHantu29
PulauHantu29's picture

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....

Mon, 07/18/2011 - 15:40 | 1467666 Sofa King
Sofa King's picture

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.

Mon, 07/18/2011 - 15:53 | 1467723 XenoFrog
XenoFrog's picture

Not enough gold for a gold standard. Going to need the white stuff.

Mon, 07/18/2011 - 15:57 | 1467734 Sudden Debt
Sudden Debt's picture

15/1

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