Silver Takes Out Hunt High... When Priced In Euros

Tyler Durden's picture

As many are always quick to point out, any talk of a record price in silver is preliminary as long as the Hunt Brothers nominal high of $50 set in 1980 remains in the history books. However, when priced in EURs, this is not exactly the case. As can be seen on the chart below, our European readers have full permission to say that silver is now at an all time high, with no caveats or footnotes.

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eigenvalue's picture

I just want to know at what level JP Morgan will go under. One of my best friends works at JP Morgan as a secretary. If JP Morgan goes belly up, she will become jobless...

Captain Benny's picture

I have zero tolerance for people who are even peons at these companies. She's part of the problem, even if she is a secretary making zero major decisions and only a few pennies.  Tell her to find a job NOW and quit as soon as she can has a backup plan in place.  When she does her exit interview (if they even do those), she should say that she is tired of working for a criminal organization.

eigenvalue's picture

Calm down. If you see her in person, you will feel much less pissed off. She is very pretty...;)

MarketTruth's picture

You make a perfect case... for why idiots will vote the unqualified Palin for President.

UGrev's picture

You make a similar case... for why people voted for bammy.

boricuadigm-shift's picture

Is my broweser ok?  I just posted this:

Anyone noticed the spread between SLV and Silver spot?  The usual gap has been .75c to .85 cents.  The price at 10:04am os silver sport is 33.64 and SLV 31.91.  Huge GAp.

Boricuadigm-shift,

yours Truly.

But I cant get a quote of SLV today!  ANyone is able to do it?

HoofHearted's picture

Hey, do you see that little thing that says "US markets closed due to President's Day holiday." What do you think will happen tomorrow morning? Can you say "gap up"?

boricuadigm-shift's picture

:-)  Ups...  It seemed like a normal day of work today for me.  I thought that the SLV was drying up and it was being valued in the price.  Oh well.  We will see tomorrow.

naughtius maximus's picture

Enjoy your shit sandwhich or giant douche. You ordered one of those I know it.

anvILL's picture

I think an estimated 50% of global population (read women) really don't care of the outlooks of another woman working in a criminal organization, especially when she is working for that organization just for the money.

Pool Shark's picture

Just like the pawns of the Third Reich;

 

I'm sure she's only "following orders,"

Twindrives's picture

Work for the cabal, go down with the cabal.  Maybe she can sell her services on Wall Street.

fragrantdingleberry's picture

Tough going for job seekers these days. She has a better chance than most if she's pretty.

UninterestedObserver's picture

So are you hoping she becomes a stripper so you can see her naked? Not very nice.

Quinvarius's picture

When her 401k is gone, she will probably wish she had left.  JPM's 401k plan is a dumping ground for bad trades, and may just be a ponzi scheme.  There is nothing in it that is an outside fund.  It s all JPM telling you what your plan is worth.  No ticker symbols to check.  Nothing.  And they have an all Real Estate fund that just kept going up through the whole Real Estate crisis.  It looked like Madoff's fund in the tech bust.

tonyw's picture

Are you recommending we sell our PMs in order your friend keeps her job and allows JPM to keep robbing the people??

 

eigenvalue's picture

No. Actually I told her to buy silver and fuck her employer...;)

Moe Howard's picture

Tell her to purchase kneepads too in case it works....

dryam's picture

All of the TBTF's are insolvent, but they will never go belly up.

bankrupt JPM buy silver's picture

JPM has Blythe, I heard she is the direct bloodline of Jesus Christ.

 

www.silvergoldsilver.blogspot.com

mrgneiss's picture

I think we need to see more of the JD-BM private texts!  Keep up the good work silvergoldsilver!

MolotovCockhead's picture

 

     I heard she is the direct bloodline of Jesus Christ

No wonder her family name is so strange!!  You don't name yourself a Master for being a feather weight!

Wait a minute, she could be a decendent of Yoda!! That's it, that's why I thought the name sound kinda familiar.

LiquidBrick's picture

I just want to know at what level JP Morgan will go under. One of my best friends works at JP Morgan as a secretary. If JP Morgan goes belly up, she will become jobless...

Braintard! If JPM goes belly up your friend will be homeless, hungry and turning tricks for sustenance. WTFU! Better yet, Go back to sleep.

boricuadigm-shift's picture

Anyone noticed the spread between SLV and Silver spot?  The usual gap has been .75c to .85 cents.  The price at 10:04am os silver sport is 33.64 and SLV 31.91.  Huge GAp.

Boricuadigm-shift,

yours Truly.

All_Is_Well's picture

This idiot BB has got the whole effing world Spooked! Crack-up boom is an understatement..

hugovanderbubble's picture

Excellent TYler,as usual...

Thanks ZH for all the info in cross assets very illustrative.

GOSPLAN HERO's picture

Comrades, scour your local antique mall for cheap coins.  Beat the dealers to the door this morning.

Just Observing's picture

HI HO SILVER.....AWAY !!!

johnnymustardseed's picture

Of course this is going to happen, but remember that when it is all over the  dollar will be worth nothing and we will have our Egypt and Tunisia with much more fireworks :(

Oh regional Indian's picture

Holy smoke. That graph....it would be abother blow-off top if these times were nto really different.

What a difference 30 odd years makes. So many similar actors, oil-shocks a coming, Japanese struggling with quality(?????), america in a recession.....

History rhyming, darkly...

ORI

http://aadivaahan.wordpress.com/2011/02/21/through-a-lens-darkly/

Hulk's picture

Oil shocks are going to be real this time...

umop episdn's picture

Silver hitting new highs in Euros AND dLOLars. This can't be good for the bwanksters...but it sure is good for me and a bunch of ZH'ers. I'm glad I found a seat on the clue bus!

MarkTwainsMustache's picture

And when did the Euro first get introduced??? I suppose pre-2000 this chart just uses a generic basket of euro-land currencies?

Captain Benny's picture

Good question to ask.  1995 basically.  1999 for us common folk

eigenvalue's picture

The Euro came into being in 1999. How is the 1980 silver price calculated? Using the ECU?

 

French Frog's picture

Any Euro chart from earlier times is made using the old Deutsche Mark as a proxy; plenty of technical analysts trading longer timeframes use those pre-2000 charts and they are valid if you want more than a 10+ years view 

ms1408's picture

This doesn't make sense - the Euro didn't exist during the 1970s.

eigenvalue's picture

Perhaps Tyler used the ECU (European Currency Unit) which came into being in 1979.

UglyPatheticPauper's picture

I'm hearing Silver Bells in halls of JPMorgan today!!

The Rock's picture

...and priced in today's dollar, that high would be $140.

falak pema's picture

 

eigenvalue : "I just want to know at what level JP Morgan will go under. One of my best friends works at JP Morgan as a secretary. If JP Morgan goes belly up, she will become jobless..."

Maybe she will have to take a job with her own belly up...like her current employer...

 

Grimbert's picture

I guess the 1980 price is based on DEM/1.95583

 

Savonarola's picture

People will be robbing graves if this continues.

Larry Darrell's picture

My guess is they will be hitting the above ground vaults hardest, since many plots below the dirt are now encased in concrete.

falak pema's picture

especially as she's so pretty she should make out all right with laid off JPM executives looking for nostalgia on her flat, succulent belly (i hope).

johnQpublic's picture

what blows my mind is the level of ignorance/blindness/denial from some truly smart people

 

i sat in on a conference call friday of a major international player...increase sales, or major restructure was the call from the top

increase sales to whom?

did they just not get it?

who exactly was gonna buy more of their crap?

they have mega over-capacity, yet they are running time and a half shifts today to boost production of a product no one wants at this point

pm's exploding,massive unemployment,dollar devaluation,food and fuel inflation

sales falling, but stock rising in price

wtf?