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Simon Black Answers The Question Du Jour: "Should I Sell My Silver?"

Tyler Durden's picture


From Sovereign Man, Simon Black

Should I Sell My Silver?

Silver's rise (in US$ terms, at least) over the past several weeks has been nothing short of phenomenal.

The chart has effectively "gone parabolic," and people I've never met have started to e-mail me (in my capacity as a registered investment advisor) for advice on silver. 

It doesn't matter whether it's silver, tech stocks, emerging markets currencies, or pork belly futures... any time these two events coincide (a parabolic chart pattern, and strangers asking me for advice), it sets off ALARM BELLS in my head. 

I'm going to go out on a limb and say that right now, the fundamentals for silver DON'T matter.  Many of the latest crop of silver "investors" have no clue about the fundamentals. 

To try and divine what comes next, it's more useful to use a general framework for understanding financial markets than to look at the supply and demand characteristics of silver.  Because, right now, the market is being driven chiefly by investor psychology. 

It's a cliché to say it, but ultimately, all financial markets are driven by fear and greed.  Actually, I'd argue that they're driven almost exclusively by fear. Let me explain...

In the initial stages of a bull market, it's the fear of the unknown that keep the masses out of an asset class.

They think to themselves, "Yes. I can see it's cheap.  I can see the fundamentals stack up.  But what if, blah blah blah.  Why is no one buying it?  There must be something wrong with it.  Best to steer clear." 

For those who overcome this initial fear, or skepticism, and do get into the market, once it starts going up and they have a profit, once again their primary, over-riding emotion is fear... fear of losing their profits.  Or, even worse.  The fear of a profit turning into a loss. 

So, what do most of them do?  They sell out for a small profit.  That's why it is said that bull markets are constantly climbing a "wall of worry."  And that's why ALL markets have corrections.  Corrections happen when enough people are FEARFUL of losing the gains they've made so far, and start to sell out in large enough numbers to temporarily reverse the trend. 

Near the top of a bull market, when most have finally overcome their skepticism, and the savvier participants have taken advantage of one of the numerous corrections to buy into the market, fear again comes to the fore.  For those not in the market yet, even at this late stage, what finally pushes them in is the FEAR OF MISSING OUT. 

All their friends and colleagues are cleaning up in the market.  How stupid they would look if they don't get a slice of the "easy money" too.  And so, they pile in like lambs to the slaughter. 

I don't think we're at that point -- yet -- with silver. But we are at the stage where many people who are already in the market are FEARFUL of losing their profits. 

On this basis, as a student of market psychology, I suspect a correction is overdue.  Again, I don't claim to have any specific fundamental insight into the silver market.  I am speaking from a general standpoint. 

So what should you do? 

If you own physical silver, the logistics of taking profits on your stash are probably quite complicated.

Shipping, and converting a large amount of physical silver to cash temporarily, may not be straightforward. 

But there are other ways to soothe your "fear of losing your profits."  You can buy temporary insurance against a correction.  Or, if don't actually own any silver at the present time, you can speculate on a correction. 

Long-term ETF positions are risky, but you may consider a short-term position in the ProShares UltraShort Silver ETF (ZSL on the New York Stock Exchange).  This instrument is designed to move TWICE as much as silver bullion, but in the OPPOSITE direction. 

For example, if silver falls 5% in a day, this security should GAIN 10%.  Of course, it works both ways.  If silver keeps on rising, then the price of ZSL will lose twice the amount silver rises by. 

During this bull market, silver has already seen one "correction," during the financial crisis, of more than 60%.  That was an anomaly.  But, a typical 10% or 20% correction would not be surprising to see at some stage -- quite possibly soon. 

Any time any market has gone parabolic, it has played out that way.   (Indeed, a correction may already be underway as I write.  I've just checked and I see silver is off by more than 3% in Asian trade). 

Just so you know, my own money is where my mouth is.  I've personally bought some call options on ZSL which will make me a tidy gain if silver suffers even a modest pull-back-- I put the trade on early in the day on Monday with silver above $48. 

I'll have much more to say on silver, and other precious metals, in future missives, as we see how events unfold.


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Tue, 04/26/2011 - 11:56 | 1208032 baby_BLYTHE
baby_BLYTHE's picture

Gold is on mainstream news almost everyday now (not just financial cable chanels).

MSN now saying Gold could pass $5,000

Of course the real story here is all about the dollar. No mention of it testing historic all-time lows

Tue, 04/26/2011 - 12:02 | 1208063 MSJChE
MSJChE's picture

Just more evidence we're about to enter the second phase of the gold/silver bull market.

Tue, 04/26/2011 - 12:55 | 1208125 Bad Lieutenant
Bad Lieutenant's picture


I bought a lot of silver about two year ago and is in the form of hands-on physical, allocated (at DDSC), and unallocated.

There are many very powerful fundamental for the long term pictures, and we've heard most of them, including the shorter term bearish cases (such as this piece).  The largest long-term bull fundamental that I don't see often is a hybrid of Jim Rickards and Ben Davies except applied to silver.  Specifically, when chaos finally starts to erupt with a run on the USD (months or years from now, either rapid or slow), the Fed will have no choice but to play their trump card: revaluation of the USD to gold.  The price they'd pick, as Rickards and Davies have explored, will likely be $5-30k for the numbers to work out and confidence to be restored.  Thing is, god knows how many legal restrictions they'll put on the private selling of gold (all in the name of financial system stability and integrity of course). I don't think they'll ever be able to consider confiscation, but who needs to when you can just put say a 80% tax on gold-based capital gains.  

But enter silver in this revaluation scenario...  Silver will be pulled up with the gold revaluation to keep its price ratio roughly in tact but will likely be subject to less restrictions and/or taxes.  So with a long term silver play, you can capture the revaluation scenario but not worry about Uncle Sam taxing it all back.  

The other long term argument that made me take the plunge is that with the US as a "gold superpower" as Rickards says, there is a list of other countries that would do well revaluing to silver (or a basket with silver in it) since their gold reserves are limited.


Tue, 04/26/2011 - 13:01 | 1208189 Herd Redirectio...
Herd Redirection Committee's picture

Any one else having trouble with the site not loading?

You know its more likely that the man in the street goes short silver, rather than long silver, and so... There is lots of room left to run.  Of course to see it consolidate for 2 or 3 months would be no surprise, but would I sell all my silver here, let alone take a short position?  Oh hells no. 

Check out the latest from the Capital Research Institute "Cracks Starting to Show?":

Even though the Capital Research Institute was only officially founded 3 months ago, we have already started seeing various predictions come true.  Commodities inflating rapidly?  Check.  Lingering sovereign debt crises?  Check.  Gold and silver at, or approaching, record prices?  Check.  Another conclusion from our analyses was that the US dollar will inevitably lose world reserve currency status.

Others are not as convinced.  Michael Pettis, a Finance Professor, and writer for Financial Times ( recently argued that although the US should be prepared for a lesser role for the US dollar in the world of finance, fears of its demise are overblown.  Suffice to say, here at the CRI we strongly disagree with that assessment.

Tue, 04/26/2011 - 13:30 | 1208287 chumbawamba
chumbawamba's picture

Even though the Capital Research Institute was only officially founded 3 months ago, we have already started seeing various predictions come true.  Commodities inflating rapidly?  Check.  Lingering sovereign debt crises?  Check.  Gold and silver at, or approaching, record prices?  Check.  Another conclusion from our analyses was that the US dollar will inevitably lose world reserve currency status.

We also made such stunning predictions as: the sun will come up in the morning and go down in the evening. Check.  The Earth will continue to spin on its axis. Check.  The tide will come in, but then go back out. Check.  Stupid people will predict stuff that is going to happen anyway. Check.

I am Chumbawamba.

Tue, 04/26/2011 - 14:04 | 1208419 narapoiddyslexia
narapoiddyslexia's picture

On the other hand, some people say, "tide goes in, tide goes out. Never a miscommunication. You can't explain that. You can't explain why the tide goes in, the tide goes out."

Thus, since you can't explain it, some people better not make tidal predictions.

I bought half paper ETF SLV, and half physical Silver Eagles, back in 2010. I sold my paper yesterday morning, and my net after tax cost on the silver play in Eagles is thus just about zero.

So sell some and keep some if you're nervous. Any reputable coin or pawn shop will give you a decent price. At least, those around my town will. 

But, I bought the Eagles to keep in case things go to hell. The price of silver today, or tomorrow, is therefore irrelevant with respect to them. The paper ETF was a Western-style investment, though, and I took my profits off the table.

Figure out your risk tolerance for what you're trying to do, then go with it and damn the torpedoes.

Tue, 04/26/2011 - 14:49 | 1208606 narapoiddyslexia
narapoiddyslexia's picture

And by people not being able to make predictions, I meant me.

Tue, 04/26/2011 - 15:13 | 1208674 Blano
Blano's picture

Nice job.

Tue, 04/26/2011 - 14:15 | 1208483 Herd Redirectio...
Herd Redirection Committee's picture

Love you Chumba.

I am sure you can appreciate that the use of predictions is purely to strengthen my argument's appeal to credibility.  For us ZHers this stuff is blatantly obvious, but for others who are still perplexed by 'financial matters' it is sometimes best to break them in slowly.

Tue, 04/26/2011 - 14:42 | 1208575 falak pema
falak pema's picture

"For us ZHers this stuff is blatantly obvious"

I may be wrong but this implies that there is therefore a ZH creed about things that go beyond logic and fact...interesting. Afraid I'm not a member of any club that prejudges events according to some special lens...but...I am tolerant. I do love both sides of the argument and even a third or fourth option.

Unless the ZH creed is the only one I adhere to : Never junk facts, never junk logic, always take into account historic precedence...Then we are on the same page. 

Tue, 04/26/2011 - 16:49 | 1209098 msamour
msamour's picture

I think he meant the general state of increased understanding that people on ZH have about financially related matters. 4 years ago I was with the regular sheeple, I could feel something was amiss but I didn't know why. Now when I see an article on MSM trying to explain something with lies, I just giggle inside, because I know better.

Wed, 04/27/2011 - 07:20 | 1210643 markmotive
markmotive's picture

Thumbs up!


Tue, 04/26/2011 - 13:54 | 1208383 goldfish1
goldfish1's picture

Any one else having trouble with the site not loading?

Yes for at least 40 minutes.

Tue, 04/26/2011 - 13:25 | 1208248 TheObsoleteMan
TheObsoleteMan's picture

While I agree with some of your post, I disagree with two: 1. The USA will NEVER return to a gold standard in ANY form, when the US$ does flush, it will be replaced with a global currency. All of the elites and media are openly talking about it now. This was one of the reasons why this crisis was engineered in the first place. Globalist run Washington, they are not nationalist, and could care less about the country or it's citizens. 2. So you believe the USA is a gold superpower? Maybe, maybe not. There has not been an audit of Fort Knox since the early 1950s,  and all request to do so are denied. So who has seen all of this gold? Could they have leased it all out? Sold it? Given it to Israel or the bankers? Not saying they don't have it, just saying no one has verified it. Personally, I don't believe they have all the gold they claim to have. I believe it is but a small fraction of that. Just my thoughts for what its worth.

Tue, 04/26/2011 - 13:35 | 1208303 chumbawamba
chumbawamba's picture

A lot of it has been traded away for cheap oil.

I am Chumbawamba.

Tue, 04/26/2011 - 13:59 | 1208408 dark pools of soros
dark pools of soros's picture


Tue, 04/26/2011 - 14:15 | 1208489 trav7777
trav7777's picture

quite possibly, but maybe not.

The Ahabs have gotten lots of fun toys and shit like F15s for the princes to play around in.  The dollar still buys them Ferraris and Bugattis and yachts and whatnot.

Tue, 04/26/2011 - 14:42 | 1208568 centerline
centerline's picture

They have the oil.  Makes one wonder who the greater fool(s) have been... us or the Arabs?  Hmmmm....

Wed, 04/27/2011 - 01:21 | 1210284 critical_mass_soon
critical_mass_soon's picture

When the dollar collapses, and it will, the arabs will probably return gradually back to a nomadic state, and all there fancy buildings, and toys will fall into disrepair, They all hold far to much US treasury debt and they along many others will suffer the consequences of currency dilution, facts are facts.

I think they better start making friends with the chinese and softening ties with the US before its too late.

Tue, 04/26/2011 - 20:59 | 1209781 DosZap
DosZap's picture


Do not fool yourself for one  minute.

They will get all PM's, and tax the hades out of them.(If you sell/trade them on the market).

Silver?, has a strike against it that gold does not.

Industrial use = Strategic Metal.

Just like Pal, and Plat.

The devil will get his due, no matter what.

Smart money will be moving out of silver into gold, and soon.

Right now we have a mania on Ag,but have you ever seen a meltdown where silver was the metal of choice?.

When people recognize the end is about up for the USD, that will be phase 3, and gold will be the go to metal.


Tue, 04/26/2011 - 13:39 | 1208324 deacon_blues
deacon_blues's picture

20 silver eagles for $1,000.  Includes shipping.

i think the premium will go higher in the future.

Tue, 04/26/2011 - 15:43 | 1208793 Banjo
Banjo's picture

MSJChE I would suggest that we are entering Phase 3. When the general public "starts" to get involved.

Overwhelmingly people still don't own metals, their discussion in public to me indicates end of  Phase 2 and start of Phase 3 of a bull market.

Tue, 04/26/2011 - 12:15 | 1208074 Temporalist
Temporalist's picture

It is not "testing historic all-time lows" but it is still near enough to the 2008 lows and under 74 that people should realize it WILL hit all time lows.  Of course that is paper valued against paper so take it with a grain of salt. 

The media has been left with no choice but to discuss PMs but 99% of their time is spent on something else and only when PMs have made highs for 8 days in a row will they use ink to satiate the demand for knowledge about this investment class which they still do not call real money but instead a commodity.

And incidentally MSN is not saying anything that is one contributor and I'd guess he's been tongue lashed every day since that article came out last week...except for a break during the holiday.

Tue, 04/26/2011 - 13:05 | 1208194 drink or die
drink or die's picture

According to Cramer, the market is going up another 10%.  Probably should sell that gold and buy S&P.

Tue, 04/26/2011 - 16:59 | 1209144 ATM
ATM's picture

Going up relative to what?

The market may indeed go "up" 10% but if the dollar that gain is priced in is down 12% you're still SOL.

It is this simple relativity that perplexes the masses. Everything is spoken about with an understanding that the dollar has a stable value. There is a bias that few have realized so far.

When they do is when the system crashes because the masses will then realize it isn't a price problem but a money problem. That always happens at the end of a currency.

Tue, 04/26/2011 - 17:34 | 1209259 ViewfromUnderth...
ViewfromUndertheBridge's picture

"There is a bias that few have realised so far"

Keynes gets a bum rap these days...Bernanke is following Lenin's advice:

"Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose"

Keynes "Economic Consequences of the Peace" (published before the German hyper-inflation).

There are some amazing quotes from Marx and Lenin that apply to Bernanke's actions...and Keynes was onto them...he would have crucified Bernanke.

Tue, 04/26/2011 - 21:06 | 1209791 DosZap
DosZap's picture


No surprises here.

9 of the 10 planks of the Commie Manifesto are in place in America as I type.

Tue, 04/26/2011 - 12:02 | 1208046 Robslob
Robslob's picture

That is paper gold...

I know some really wealthy people and only 1 owns a significant stash...the rest just look at me like...why the hell would you actually buy and hold gold?

Tue, 04/26/2011 - 12:03 | 1208048 JustinJapan
JustinJapan's picture

I 'int scared!

Tue, 04/26/2011 - 12:03 | 1208049 zenblkboi
zenblkboi's picture

Isnt buying the ZSL the same thing as shorting silver.   Man, I am really bad when it comes to shorting things I am long on.  I am losing so much money today!!   

Anybody got advice on how to perfect this skill?

Tue, 04/26/2011 - 12:10 | 1208080 MSJChE
MSJChE's picture

Don't worry about "losing so much money today" due to the paper price.  If you hold physical you're still good.  eBay silver eagles are still way above $50/each.

Tue, 04/26/2011 - 13:19 | 1208233 zenblkboi
zenblkboi's picture

i have paper and physical.   And what I wanted to know is how to improve my skill at short selling,   what kind of tools are out there?

Tue, 04/26/2011 - 14:01 | 1208414 kgbgirl11
kgbgirl11's picture

below is my answer on another website earlier today. I would NOT use a short-silver ETF, and most certainly not a leveraged-short, as daily compounding on those means it's not a hedge, and it can get you whip-sawed royally. As a physical holder myself, and one that sees PMs as a store of value and a necessary bridge to the new global currency reality, I have no desire to sell the physical that I got when silver was roughly half price relative to today. However, the swift ascent worries me a great deal, and the parabolic move of the past couple of month is of great concern. Being well versed in derivatives and probabilities, my solution was to buy out-of-the-money long-ish dated puts on SLV last Friday, with the idea of protecting unrealized gains on my physical. It cost only a small fraction of my unrealized gains, and if done in the 1:1 ounce ratio to your physical, allows you to participate in the majority of the gains, should silver continue to advance (in which case I will be adding more higher strike puts). And yes, you also should get an additional benefit should anything go wrong with SLV beyond the physical market, like many bulletin boards suggest. Something that's perhaps worthwhile for others to consider...

Tue, 04/26/2011 - 16:14 | 1208931 narapoiddyslexia
narapoiddyslexia's picture

I bought half paper and half physical last summer. Yesterday, the paper got to the point where its sale paid for the physical so I sold all the paper SLV. Now I've got free physical. It doesn't have to be paper, though. You can always sell a partial stake in anything that's gone up a lot to take profits off the table. The net result is to lower your price for what you have left. Now, I'll never lose anything on the physical as it net cost is zero. I think after the dust settles in the next week or two and we see what type of further damage Ben and his jolly compadres are going to wreak, we'll know what to do with more investments. Right now, today, things are somewhat murky.

Tue, 04/26/2011 - 21:59 | 1209933 Math Man
Math Man's picture

Buying puts is probably the most efficient way to do it, although the implied vol has moved up lately.  Your downside is limited to the option premium...  buy a few months out (I currently like July), and then you can reload later if the crash is delayed. 



Tue, 04/26/2011 - 22:35 | 1210016 tmosley
tmosley's picture

You mean when you lose 100% of the money you put into them.

Few more months of this and you'll be all out of dollars to stuff down the toilet.  So sad :(

But then, $34 was "definitely" the top, so all this must just be a bad dream, right?  Wake up!  You've wet the bed again!

Tue, 04/26/2011 - 23:00 | 1210082 akak
akak's picture

.... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

.... must .... eat .... silver ..... owners' ..... brains .........

Tue, 04/26/2011 - 23:01 | 1210088 Math Man
Math Man's picture

Tmo, please stop commenting on shit you don't know anything about.  Like trading.  You're 95% in phyiscal silver and you don't know shit about diversification, just like the ass clowns who went all-in to the real estate market and dot.coms.  You are about to have your ass handed to you.  The very least you could do is buy some puts to hedge out some of your concentration risk.  When silver breaks, you could even use the proceeds from your puts to buy more ounces of physical.

As for the rest of you...  Allocating a small precentage of your portfolio (1-2%) in put options on an obvious bubble like silver is a great fucking trade.  Sure, if they expire worthless, they are a small drag on performance.  But the risk/reward is so assymetrically skewed that when it works out, it will more than make up for any previous losses incurred... This is the type of trade I will make over and over again.   The upside is too fucking huge to pass up.  I don't really give a shit that I gave up a little performance last quarter...  or this quarter, or the next.  When it breaks, I will make a fucking mint.   Maybe I'll even buy another Ferrari.

Tue, 04/26/2011 - 23:09 | 1210099 akak
akak's picture

Allow me to summarize MethMan's post for those who do not speak trollese:


..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

.... must .... eat .... silver ..... owners' ..... brains .........

Wed, 04/27/2011 - 01:21 | 1210281 Hephasteus
Hephasteus's picture

Ok so let me understand your system.

Buy puts to protect yourself.

Get ferrari.

Do you buy the puts at the ferrari dealership and do you have to pick your color when you buy the puts or can you wait?

See I would have never thought of this because I don't want a ferrari and I had no idea they sold puts.

Tue, 04/26/2011 - 15:17 | 1208697 Blano
Blano's picture

All I can really say is practice, practice, practice.

You could learn options and buy put options, which is a way to short something or hedge a long position.

Disclaimer: I'm not an expert.  I own physical silver, plus picked up a couple SLV May 45 calls today.  I also bought a couple SLV weekly 43 puts to get me through The Bernank's press conference tomorrow just in case.  Unfortunately I have to be going to a job interview at that time and won't be able to watch.  If Bernanke causes a short term dive, I'm covered.

Tue, 04/26/2011 - 14:28 | 1208536 dark pools of soros
dark pools of soros's picture

very true - most sites are still showing $50 for a single oz...   100 oz is around $4,800 and you have to wait 3 weeks

So this is a weird situation where the long wait is dampening demand... let's see what happens when the wait comes back to 2-3 days

Tue, 04/26/2011 - 12:14 | 1208093 Temporalist
Temporalist's picture

Your problem is one of semantics.  If you call your ZSL hedging your bets then you can be long physical and short if you are right your silver does great and if you're wrong your paper does great.

Either way I just told someone yesterday to do that very thing it's like someone is listening to me. 

Time for the silver foil hat...although I hear gold is better protection from their brain scanning rays.

Tue, 04/26/2011 - 12:15 | 1208109 Re-Discovery
Re-Discovery's picture

Scotch and Maalox

Tue, 04/26/2011 - 12:01 | 1208050 topcallingtroll
topcallingtroll's picture

What was funny was Erin on cnbc saying that everytime they take notice of gold's amazing moves it pulls back.

She said that when they mentioned gold target 5000.

Tue, 04/26/2011 - 12:07 | 1208051 Silver Alert
Silver Alert's picture

It reads like this article was penned over the weekend and before yesterday's correction.


And it wasn't written by Simon Black as Tyler headlined. From the article:

"[Editor's note: Tim Staermose is filling in for Simon today.]"

Tue, 04/26/2011 - 15:24 | 1208710 defencev
defencev's picture

Well, in my view the very fact that it was not written by Simon Black should be considered as a plus. As I have already mentioned several times, neither Simon Black background nor his track record indicates that his so-called investment tips make any sense.

There are very few people in public domain whom I would qualify as visionary in investment

(one of them is Mark Faber) and even this people are more than in 50 percent times are right (and frequently wrong). Reading others is just a waste of time and taking so-called investment tips

(let alone paying for that) is flat stupid. Recommendations of using leveraged ETF's already should ring the bell: the author is most probably a charlatan..

Tue, 04/26/2011 - 12:01 | 1208052 campag
campag's picture

don't use the f - word when trying to see which way the market is going. fundamentals don't matter in all markets -haven't for at least 3 years now

Tue, 04/26/2011 - 12:03 | 1208055 Magnix
Magnix's picture

Save silver/gold for barter after America crashes for good.

Tue, 04/26/2011 - 12:11 | 1208056 tallen
tallen's picture

Obviously some serious shorting/manipulation going on in the COMEX, Options expiration today for /si futures (/sik1) and it's fallen steeply for the last two days. Expect it to rally from tomorrow onwards. Good time to BTFD around now.

PSLV still trading well above NAV and SLV..(Who'd want paper silver..). There's some good other companies out there for bullion dealing with far less costs than PSLV.

Bullionvault and goldmoney still have gold at small premiums (1-2%) to spot. I've loaded up all I can, bullionvault's got a 1 ounce of silver for every new account recently too. Far cheaper than getting ripped off with APMEX with $5 above spot, but then again you do get physical. Every time on options expiration they do this! Just look as previous options expiration days. JPM and HSBC flooding the paper market to stop their derivatives bubble exploding.

Tue, 04/26/2011 - 12:15 | 1208103 Idiot Savant
Idiot Savant's picture

Expect it to rally from tomorrow onwards. 

So, either you're part of the FED's expert network and you know what Ben is going to say, or you're just pulling this out of your ass. I'm betting on the latter.

Tue, 04/26/2011 - 13:25 | 1208258 Jonas Parker
Jonas Parker's picture

I'm not part of the FED's "expert network", and I know EXACTLY what Ben is going to say: blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah,... and so you see everything's under control!"

Tue, 04/26/2011 - 13:09 | 1208214 Howard_Beale
Howard_Beale's picture

I would like to report an avatar theft!

Tue, 04/26/2011 - 13:34 | 1208300 Commander Cody
Commander Cody's picture

Bullionvault: Seems like you can't take delivery.  If so, then you can't fondle it.  How sad.

Tue, 04/26/2011 - 13:58 | 1208405 goldfish1
goldfish1's picture

Every time on options expiration they do this! Just look as previous options expiration days. JPM and HSBC flooding the paper market to stop their derivatives bubble exploding.

Every time.

Tue, 04/26/2011 - 12:02 | 1208062 DoChenRollingBearing
DoChenRollingBearing's picture

If anyone is just 5% - 15% in precious metals, then why bother selling?  The silver bulls might be right, silver could maybe go very high...

If your position is very large or you TRADE silver, well, OK go ahead and sell!

Tue, 04/26/2011 - 13:51 | 1208374 long juan silver
long juan silver's picture

because with the end of QE and the election of Ron Paul gold will get a crewcut.

Tue, 04/26/2011 - 14:40 | 1208571 Hook Line and S...
Hook Line and Sphincter's picture

Ron Paul will be elected by the PTB to receive JFK/Lincoln status if he even gets close.

Tue, 04/26/2011 - 12:02 | 1208064 digalert
digalert's picture

I'll stick with what Jim Rogers said, silvers rise depends on the dollar collapse. He, like many believe the dollar crashing is inevitable. I believe we'll see a silver correction, consolidation then off to the moon. Furthermore, how can you compare PM's to the dollar when the dollar is doomed?

Tue, 04/26/2011 - 12:05 | 1208065 LRC Fan
LRC Fan's picture

Obviously you should sell all your silver ASAP while there are still buyers to be found.


Tue, 04/26/2011 - 12:05 | 1208070 Careless Whisper
Careless Whisper's picture

Many of the latest crop of silver "investors" have no clue about the fundamentals. 

They are not silver "investors" they are asset protectors.

Tue, 04/26/2011 - 13:53 | 1208379 chumbawamba
chumbawamba's picture

Good observation.

I am Chumbawamba.

Tue, 04/26/2011 - 12:08 | 1208071 Robslob
Robslob's picture

APMEX was sending out emails yesterday begging to buy any Mint Products previously sold.

/not sarc

Tue, 04/26/2011 - 12:18 | 1208122 Temporalist
Tue, 04/26/2011 - 12:28 | 1208144 Robslob
Robslob's picture

I was the second to post about it before it became a "Topic"...

Been coming here for over a year...thanks.

Tue, 04/26/2011 - 15:05 | 1208657 Temporalist
Temporalist's picture

Duration and frequency are not the same.

Tue, 04/26/2011 - 12:06 | 1208072 lolmao500
lolmao500's picture

I just bought 30k$ in silver, so no. I'm not selling any of it.

Tue, 04/26/2011 - 12:19 | 1208114 Robot Traders Mom
Robot Traders Mom's picture

where did you buy from and what did you buy? how much over spot did you pay?

Tue, 04/26/2011 - 14:33 | 1208555 Eos
Eos's picture

You are good trader, you bought highs

Tue, 04/26/2011 - 12:08 | 1208078 AR15AU
AR15AU's picture

Been in this game for several years, so I took a little off the top; sold some physi to some ebullient buyers on Thursday and then bought a handful of May puts on SLV, $40 strike... So far, so good. Core position in tact, and looking to bulk back up on a move to $35.

Tue, 04/26/2011 - 14:55 | 1208622 Hook Line and S...
Hook Line and Sphincter's picture

Not bad AR15. You probably have more fun than I. I, however look at silver price gymnastics strictly for entertainment purposes. Physical sits happily by with a cocktail in its hand, unobserved from my high powered binoculars, patiently waiting for the 14/1 ratio (or overshoot). It then intends to metamorphisize to gold and attend the DOW parity party. 

Who knows though...none of our predictions might manifest.

Tue, 04/26/2011 - 12:11 | 1208083 Ruffcut
Ruffcut's picture

It appears more simple than that. Buying physical is investing, not trading.

Paper PM's can be invested in or traded.

If you trade with targets and the proper money management, then you must trade according to plan. With gold physical premiums, trading is rather stoopid.

If you are in futures, then you had better watch your ass as in all futures trading.

I traded for some gains in slv options in nov and dec. Won't touch that bullshit cboe game now. The option pricing is heaven for the market makers. watch the fuck out in this space more than a intra day trade.

Tue, 04/26/2011 - 14:21 | 1208499 trav7777
trav7777's picture

buying physical is neither investing nor trading.

If the expectation is to capture a rise in price and buy low/sell high, then it is speculating.

Investing is placing capital at risk to generate a return on investment, not a capgain.

Tue, 04/26/2011 - 14:49 | 1208593 Ruffcut
Ruffcut's picture

Then what is investing in real estate. It did not need to churn returns, but waited for cap gains, or a cummulative return.

Many investments are not so liquid like physical PM's. Or let's put it this way; physical PM's is not a trade.

Tue, 04/26/2011 - 12:12 | 1208088 tmosley
tmosley's picture

10+% already happened, and OpEx is almost over, bitches.

Tue, 04/26/2011 - 12:14 | 1208107 Robot Traders Mom
Robot Traders Mom's picture

Yes, go ahead and sell your silver. Then you can write an article about how that was a bad idea in two months.

The reason I am not waiting for a dip to buy more is because there may not be a dip until it hits $60 or $80 or $250!!! All the sudden, all these speculators are talking about etf's and taking gains off the table. If you are a true believer in the end game of the economy, there are no implications of a bubble and shorting the silver market. Maybe bumps in the road, but ABSOLUTELY NOBODY who believes in silver has even a faint thought to short it.

Tue, 04/26/2011 - 12:24 | 1208129 AR15AU
AR15AU's picture

Sorry, but you are wrong... I'm one of the biggest believers out there, but I've seen so many dozens and dozens of newbs show up late to the game, I have to believe we are at a great shorting opportunity.  A strong down move from here will shake out all the weaklings, and the pros will take silver well past my personal price target of $200 / oz.

And as far as selling physical...  Lets say a person had 1000 oz, and they picked out the crappiest 50 ounces (tarnished, dinged up, underweight SHIT) and sold it into the intermediate highs? Whats wrong with that?  Nothing...  

Bottom line, Bernanke, Geithner, and Obama are sociopaths who will destroy this country. But there will be tradable periods within the timeframe.

Tue, 04/26/2011 - 12:57 | 1208177 Robot Traders Mom
Robot Traders Mom's picture

I agree with your premise, and i would LOVE nothing more than to see the newbies and "weaklings" shaken out, a correction to $25, and another buying opportunity.

That being said, i just don't feel that there are that many people that are jumping on board yet...I doubt we will get to $40, as hopeful as I am. More likely to see $50 in the next coming week or so than $40...


Tue, 04/26/2011 - 13:12 | 1208222 AR15AU
AR15AU's picture

Entirely possible... if that is the case, then I have sold off 5% of my physical prematurely and have a couple hundred dollars in options loss. My DCA is $14 and this is the first time I've taken profit (aside from trading the miners), so, I can live with that.

Best of luck to all...

Tue, 04/26/2011 - 14:25 | 1208515 trav7777
trav7777's picture

This forum is full of silver speculators.  I think you are wise to trade it.  I would NEVER hold enough silver to worry about the moves in price.

If you are planning for EOTW shit, fuck silver; it's far too heavy to lug around.  Those stockpiling silver are anchored to their spot on the ground.

That said, I see no compelling reason to get physical silver.  The people who are advocating that are doing so because in their words the paper price of silver will go up up up and they want to "cash in."  IOW, they are pure FRN speculators wrapped in goldbugz clothes.  If that is their goal then SLV or IAG should be fine or a miner like SLW or Fortuna.

If you can trade your physical silver against physical gold or platinum with a sub rosa cost basis, then I suppose I could see it.

Tue, 04/26/2011 - 14:34 | 1208544 AR15AU
AR15AU's picture

I've heard rumors that tax dodgers like physical because they don't report their CL transactions to the IRS.

Tue, 04/26/2011 - 13:00 | 1208179 Ahmeexnal
Ahmeexnal's picture

Your personal price target is $200/oz? 

I can't sell you silver boy, but I have some real estate in Mars you might be interested in.

Tue, 04/26/2011 - 13:20 | 1208240 AR15AU
AR15AU's picture

Very easy to get there...  $3000 gold and a gold / silver ratio of 1:15.

$3000 gold is no stretch when you look at the 1980s high vs M2 / M3 and then extrapolate the present day M2 / M3. Perhaps it arrives at $200 in 2013 but there is no question we are going to reach that target.


Tue, 04/26/2011 - 13:27 | 1208271 Robot Traders Mom
Robot Traders Mom's picture


1. you look like zack gilifanakis

2. if a loaf of bread costs $20, you don't think silver would be at $200/oz? there are about 8 zillion scenarios that would put silver @ 200. you should probably go troll the huff po.

Tue, 04/26/2011 - 14:02 | 1208422 chumbawamba
chumbawamba's picture

That's Jim in his bloated, alcohol-fueled later days.  Probably around the time he recorded this masterpiece:

I am Chumbawamba.

Tue, 04/26/2011 - 13:03 | 1208199 CrazyCooter
CrazyCooter's picture

I actually solicited several close friends who also purchased PMs last year and found a buyer for about 2/3rds of my stash.

I sold *only* because I moved to Alaska recently (my SHTF plan) and now have a professional gig that pays a lot less than in Texas where I used to live/work. I wish I did this ten years ago. Anyway, the funds are going to pay off a fat chunk of debt (also recently divorced), so it was only to fix my cash flow situation.

I am still long with all my eagles!



Tue, 04/26/2011 - 15:09 | 1208666 radarthreat
radarthreat's picture

That's funny, my SHTF plan was to move from Alaska to Texas and join a drug cartel.  There's grizzlies up there!

Tue, 04/26/2011 - 17:37 | 1209265 tmosley
tmosley's picture

Grizzly is good eatin'.  Almost better than troll flesh.  But then, I'm an addict.

Tue, 04/26/2011 - 23:14 | 1210112 akak
akak's picture

Nah, grizz meat is nasty --- usually too much carrion in the diet, and almost always a high percentage of fish.

Black bear meat is MUCH better, although the Interior ones, the bears that mainly just eat berries and plants and ground squirrels, are much preferable to the salmon-eaters on the coast.

Tue, 04/26/2011 - 19:32 | 1209598 Saucy-Jack
Saucy-Jack's picture

$200 silver is child's play. We will see $600 silver and then the fun begins. Heck, a 1:1 GSR isn't out of the question. Ponder that for a moment.

Tue, 04/26/2011 - 12:28 | 1208143 Temporalist
Temporalist's picture

As I mentioned above hedging the physcial with paper is fucking them at their own game.  You take the goods out of the market and get insurance in their game in case they try to fuck you.  Either way you make out okay.  It is not shorting it in the sense that you are negative on the outcome it is insurance against the psychology of something going up "too high" or "too fast" and manipulation.

Funny though when I recommended Red Hat and VA Linux systems people didn't complain that they went up 100% in hours but a 50% rise over weeks or months seems to bring out the bubble buglers for PMs.

Tue, 04/26/2011 - 12:19 | 1208115 centerline
centerline's picture

As long as folks are still trading silver and gold - particularly the ETFs, it has not seen it's highs.  It is when people buy the physical for fear they will see thier wealth vaporize that PMs truly go parabolic.

Tue, 04/26/2011 - 12:21 | 1208118 carbonmutant
carbonmutant's picture

If there is a delay in QE3 PMs will take a hit.

And this two day meeting of the FED governors indicates there will be a change in the tone of the FED report.

Tue, 04/26/2011 - 12:22 | 1208127 6 String
6 String's picture

It's ridiculous. I've owned stocks many many times that have pummeled these silver gains. I owned General Growth a 1500+% return in under two years. Silver goes from 15-17 to 45 and EVERYONE is SCREAMING overbought, bubble, etc. The auction market is full of fucktards, just stupid.

So if this is the way the silver shits think, I'll simply hold physical for protection outside the market--inisde the market, fuck it, common stocks are the way to go since it appears the ultimate sheeple buy silver. Seriously, what is wrong with all these fucking people--a 150% percent move after decades of suppresed prices is parabolic? That is so fucking retarted.

So fuck it--BTFD. NFLX, baby. Besides, EVERTYTHING is good for stocks, right? Margin compression, no problem. Stocks scream. Falling dollar, no problem, stocks scream higher and no one says anything about it. A Fiscal situtiaon looming any minute now? No problem, stocks go higher for protection, right? Nukes blowing up, no problem. Stocks go higher. Oil races up problem, stocks go higher and no one says shit about it. Middle East blazing. No problem. Stocks scream higher. Hey, dollar will rally? Stocks will go higher like they did in the 90s. Stocks, stocks, stocks. They go higher no matter what. Silver? Hell, a little jiggle up has to mean at least a 20% correction, right?

Of course this is a rant. Someone's got to do it.





Tue, 04/26/2011 - 13:33 | 1208294 lawrence1
lawrence1's picture

Good rant! Bravo

Tue, 04/26/2011 - 16:47 | 1209104 greenbear
greenbear's picture

I enjoyed your rant immensely.  Thanks for stepping up to the plate.

Tue, 04/26/2011 - 12:24 | 1208130 redpill
redpill's picture

Anyone who is long silver should be fine with this correction.  We desperately needed consolidation after a 100% gain over 6 months.  If I recall correctly we haven't had a chance to take a breath on silver since the mid $30s.  

You can certainly hedge the correction if you like.  However when one metal takes a breather, it can also be a good time to look at a different one.  I like a speculative long position in gold as attention is about to turn back to fiscal matters and it has consolidated around $1500 nicely.  Gold should see some pops once once Bernank gives his liquidous press conference tomorrow and after Congress inevitably raises the debt ceiling.

Tue, 04/26/2011 - 18:36 | 1209451 StychoKiller
StychoKiller's picture

Paging Dr. Copper, Mr(s) Redpill needs you in ER, stat!

Tue, 04/26/2011 - 12:23 | 1208131 doubleplusgood
doubleplusgood's picture

Wow. The writer is so smart. He just knows it all. He can time it perfectly. He is god.


Of course this crap is going to happen. He probably bought ZSL call options at 30, 35, 38, 40, 43, 45, but he tells you that he was a genius at timing it perfectly at 48.

Tue, 04/26/2011 - 12:23 | 1208132 ivars
ivars's picture

True advice.

Tue, 04/26/2011 - 12:24 | 1208139 disabledvet
disabledvet's picture

the bank won't take your silver (in the USA--not true in Canada tho!) but they will store it for you in their vault.  the street dealer clearly will take your silver off your hands if you wish.  certain banks probably have millions of tons sitting in their vaults (if bank branches outside the USA are included) as the actual miners of silver keep hedging their price to keep supplies tight and prices high.  the bank does not accept rocks or more technically "aggregate" as "that is commodity they will not hedge" and "therefore will not take delivery of" should that become extremely valuable, too.  On the other hand a US Federal Government completely rebuilding its interstate highway system will gladly "take your surplus of aggregate" with "worthless greenbacks of course."

Tue, 04/26/2011 - 12:43 | 1208152 Silver Bug
Silver Bug's picture

All markets correct, this is inevitable, and healthy. Lets shake out the week hands, for the eventual blow off top.

Tue, 04/26/2011 - 13:01 | 1208183 Bullionaire
Bullionaire's picture

Tyler's jealous of Arianna, and is trying to introduce some "Fair And Balanced" in order to sell out to AOL or some such.


Tomorrow's SLA attack will be a shocker!



Tue, 04/26/2011 - 14:26 | 1208517 Long-John-Silver
Long-John-Silver's picture

It's going on now. I cleaned out the last physical Silver Apmex had for immediate delivery. I bought all the "scratch and dent" industrial Silver they had. Go check, the sale block is gone.

Tue, 04/26/2011 - 13:02 | 1208186 ivars
ivars's picture

USD is falling ( 1,464 per EUR-bacause of Geithners denial? ) , silver holding steady in correction mode 45,17 USD.

Tue, 04/26/2011 - 13:00 | 1208187 mogul rider
mogul rider's picture

I'm liking my 49 dollar sale.


I'll love it even more when I buy it back for 38 or less.

Let's see who's right = the options expiry pumpers or simple logic.

147% gain in one year needs a house cleaning.

Just like 2004 and 2008 methinks.


Oh right none of you were around back then. I forgot.

Tue, 04/26/2011 - 13:24 | 1208254 I Got Worms
I Got Worms's picture

Did you sell physical silver? I only have physical silver (and gold) but every time I consider selling any, I am worried I wont be able to find any to buy back, period. Well, without a huge premium. Do you have concerns about finding it again if the price falls significantly?

Tue, 04/26/2011 - 13:37 | 1208302 Dangertime
Dangertime's picture

Cue moseley and akak to make up lies about you for actually thinking rationally.

Tue, 04/26/2011 - 14:28 | 1208524 trav7777
trav7777's picture

lol and right on cue, Claven is the next post down hahahaha

Tue, 04/26/2011 - 15:43 | 1208600 tmosley
tmosley's picture

What's wrong?  You still butthurt that there's no peak oil?  Or are you planning on joining the group of homos stalking me while jerking each other off?

Edit:  I would also like to comment on your anti-intellectualism.  It really defines your ignorance and bigotry that you label someone with a broad knowledge of the world as a "cheers" cast member.  Wouldn't your time be better spent burning crosses, or telling black people how low their IQs are or something?

Tue, 04/26/2011 - 15:26 | 1208722 akak
akak's picture

Utterly unnecessary for US to do so, when you do such a stellar job in regards to yourself.

Tue, 04/26/2011 - 13:40 | 1208328 tmosley
tmosley's picture

I'm going to lol when you get your price drop, but there is absolutely no silver anywhere for that price, and you wind up having to pay $70/ozt on Ebay to reestablish a position.  Shit, the price is still where it was a week ago, near all time highs, and all the major online dealers are OUT of silver eagles, save perhaps for a few extremely overpriced semi-numismatic ones.  What do you think is going to happen if the "price" were to fall to $30?

Tue, 04/26/2011 - 13:58 | 1208389 long juan silver
long juan silver's picture

I'm going to lol when you get your price drop, but there is absolutely no silver anywhere for that price, and you wind up having to pay $70/ozt on Ebay


Idiotic commentary. The price will fall but he'll pay $70 on ebay? I'm LOL now at yew fool!

Tue, 04/26/2011 - 14:02 | 1208417 tmosley
tmosley's picture

Of course one can't expect a moron like you to understand the difference between the spot price (paper), and the real price (for metal), the difference between the two being the "premium".

A moron like you can't understand that this is exactly what happened in 2008, when there was a fake plunge in the price of silver, and none was available anywhere except on long delays and at astronomical premiums.

Morons like you don't understand much of anything, really.

Tue, 04/26/2011 - 16:07 | 1208891 SilverRhino
SilverRhino's picture

What you are seeing is a market manipulation imposing an artificial price cieling or cap.   An artifical price drop in the PAPER silver spot price will and has cleaned out physical silver inventories in the past.  

In the USSR (that practiced price caps) you could buy bread cheap, if you could FIND it.   In NYC they had rent control and you couldn't FIND an apartment at those rates.  

Economics 101: see price controls regulation and its affects on supply.

Tue, 04/26/2011 - 14:35 | 1208550 Dangertime
Dangertime's picture

The dealers have plenty of 100 ounce bars.  So there is no silver shortage.  Just a shortage of the coins.  Which, in reality, doesn't mean shit.

Tue, 04/26/2011 - 14:45 | 1208591 tmosley
tmosley's picture

But not a single COMEX deliverable bar is available anywhere on the face of the planet.

But hey, you are just a newbie troll and thus can't be expected to know the difference.  How could you possibly know that the largest investors and industrial users have bought up all the COMEX deliverable bars, and that the retail demand has nearly depleted all the 1oz bars, rounds, and coins on the face of the planet.  How could a newb troll like you be expected to know that they will eventually meet in the middle?

How can you be expected to know anything, having never actually invested in gold or silver before?

Tue, 04/26/2011 - 15:39 | 1208781 Richard Head
Richard Head's picture

He claimed to have sold 1200 ozs of physical yesterday.  He's just fucking full of shit, like robotard, meth head, smells, etc.  They are all really vile and just don't have the common sense to kep their idiot mouths shut.

Tue, 04/26/2011 - 15:44 | 1208798 akak
akak's picture

I wonder how these trolls' paymasters evaluate their performance in trolling forums such as this and bashing the precious metals while talking up the fiat dollar and the Fed?  Are they paid by the word, by the number of posts, or by content?  If the latter, I hope none of them quit their day jobs yet.

Tue, 04/26/2011 - 15:54 | 1208837 tmosley
tmosley's picture

lol, is that all he had?  Wow, big spender back in 2001.  It's a nice sum today, but when he claims to have bought it, that wasn't shit.

Tue, 04/26/2011 - 16:04 | 1208848 akak
akak's picture

Expect further upward revisions, ex post facto, both in Dangerclown's "holdings" and in his declared "profits".

Before we know it, he'll have taken his twelve thousand ounces of silver, bought at the ultimate bottom of $3.61 in March of 1991 (while he was still riding his Big Wheel), and sold them Sunday night at the very peak of $49.75.  Such admirable prescience!

Tue, 04/26/2011 - 16:24 | 1208965 Dangertime
Dangertime's picture

I was just a young 'un back in 2001, not even 30 yet.

Of course, I still knew more about investing then than you do now.  How sad that you still cannot recognize a good time to sell.

Tue, 04/26/2011 - 16:39 | 1209051 tmosley
tmosley's picture

How sad that you can't recognize a currency collapse in progress.

It's like dog paddling from the lifeboat back onto the Titanic because it's cold.

Tue, 04/26/2011 - 18:32 | 1209446 Troublehoff
Troublehoff's picture

Now that is the funniest analogy I've read in a long time.

Just picturing this little bedraggled dog paddling back to the Titanic :) True too.

For me, silver is just a way to stick my fingers up at the Banksters. Personally, I can't see how we can continue the way we are without a system reset or a massive loss in purchasing power.

Tue, 04/26/2011 - 16:46 | 1209070 akak
akak's picture

I can't help but ponder the fact that if it were I who had made some big profits, no matter the circumstances, I would not be inclined to be bragging about it to total strangers in an online forum.  Nor, on the other hand, do I feel inclined to harangue others in such a forum to take financial action based on what I perceive to be their investment errors, much less at GREAT length and in literally hundreds of posts.  Such behaviour goes far beyond the rational, and into the suspicious and agenda-driven.

So tell us, Dangerclown, just what is your agenda?  What is your motivation to peddle your silver-bashing line, particularly as you well know that the vast majority of silver owners here, by their own admission, are NOT traders, but buy-and-hold for the long term?

Tue, 04/26/2011 - 17:05 | 1209161 Dangertime
Dangertime's picture

My agenda is to actually help people.

But since having to deal with you and moseley aka Ren and Stimpy, I have found a new purpose.  To rub your nose in your idiocy.  So I will be here to harass you on your portfolio's entire ride down to the low $30's.

Tue, 04/26/2011 - 17:09 | 1209180 tmosley
tmosley's picture

You're going to be crying like a bitch with a skinned knee by Friday.  We'll probably never see you again after we hit $60.  Just another in a long line of troll corpses.

Tue, 04/26/2011 - 17:28 | 1209239 Dangertime
Dangertime's picture

Silver may actually go up tomorrow.  But it's just a bouncing ball on it's way to the low $30's.

I can't wait to rub it in all the way down.  Better warn your husband now while you can.

Wed, 04/27/2011 - 01:29 | 1210292 Hephasteus
Hephasteus's picture

Number of changed identities to avoid ridicule by long time zero hedge members. 0

Number of changed identities to avoid ridicule by long time zero hedge trolls. 40

Number of failed sociopathic attempts to create elaborate backstories to attempt to persuade. Dozens.

When you come back next time. Tell us you have a Nissan 350z becuase they are cool and since everybody in japan is going to die of radiation they will be collectors items and more valuable than 10 ferraris and bmws.

Tue, 04/26/2011 - 17:21 | 1209206 akak
akak's picture

My agenda is to actually help people.

Forgive me if I snort in contempt.

Ah yes, another in a long line of "altruistic" do-gooders, eh?  Selflessly spending hour upon hour, day after day, to "save" us from ourselves?  Just like the Obamessiah and Ben Bernanke themselves, who only have our best interests at heart, right?

Fuck, you are a pathetically bad liar.  And a pathetically bad and transparent troll, for that matter.  Better collect that government check for all your feeble efforts while you still can --- you know, "make hay while the Sunstein shines".

Tue, 04/26/2011 - 15:44 | 1208800 DoChenRollingBearing
DoChenRollingBearing's picture

Danger, I have seen many trolls chewed up, ground to bits and spit right out tangling w/ tmosley.

tmosley has a great sense of history and knows a lot science far as I have been able to tell.

You gold (silver) haters don't seem to last for long here.  Or is this your third name?



Watch out Danger for akak too!  Troll Terminator!

Tue, 04/26/2011 - 16:25 | 1208979 Dangertime
Dangertime's picture

They are just idiots who use lies to beat rational people into submission.  Not unlike an Obama voter.

I have been nothing but rational, and boy do the rabid silver bugs HATE that.

Tue, 04/26/2011 - 16:36 | 1209037 tmosley
tmosley's picture

No, you have done nothing but LIE and suggest that everyone needs to play knife catcher, so they can all get fancy prosthetic arms like yours.

You can claim to be "rational" all you want, but the fact is that you are nothing but a little shit eating liar who literally no-one believes.  You try to cast yourself as a "friend" to those in the community, and use that trust to get people to do what you want them to do, which is to throw away everything they have worked so hard for by converting it into burning paper.

For this, your head should be put on a pike.

Tue, 04/26/2011 - 16:58 | 1209113 akak
akak's picture

No, for his deceitful and sociopathic campaign of disingenuous fearmongering, and for his willful and malicious attempts to kick passengers from the lifeboat, I vote for a modification of the fate of Pedro de Valdivia:  Dangerclown has molten silver poured down his throat.

Tue, 04/26/2011 - 17:13 | 1209186 Dangertime
Dangertime's picture

For all of your claims of "lies" you have still yet to produce any evidence.

All you have for your defamation schemes are the extreme stupidity of someone who cannot see reality and the passion of some shorty that has to overcompensate for his inability to accomplish anything.

Quite sad.

Tue, 04/26/2011 - 17:29 | 1209233 akak
akak's picture

That's right, keep kicking the desperate drowning passengers away from the half-empty lifeboat, you sociopath --- and we'll keep laughing at you even as we condemn you.

NOBODY here needs, or wants, your malicious and disingenuous "help", so fuck off.

Tue, 04/26/2011 - 17:30 | 1209247 Dangertime
Dangertime's picture

The sad part is that you actually want the poor noobs to buy silver at these ridiculous inflated prices so that you can get a temporary rush of self-worth while your tepid portfolio limps up a fraction.

What you fail to see is the abyss that immediately follows.

Even if I keep just ONE person from falling for your pumping scheme, it's worth it.

Tue, 04/26/2011 - 17:42 | 1209268 akak
akak's picture

No, what YOU want, you sociopathic and disingenuous troll, is to shake physical silver out of weak hands with all your fearmongering of a massive and, in any case, very temporary price decline in silver.

What you REFUSE to acknowledge is that almost every silver holder here, by their own admissions, are buy-and-holders, and in it for the long term, so ANY temporary price plunge would be meaningless to them.  But you already know that, you lying son of a bitch.

Tue, 04/26/2011 - 17:39 | 1209272 tmosley
tmosley's picture

Fuck off and die.

I'm still buying.  I bought on Sunday.  Price doesn't matter.  Only weight matters.

Tue, 04/26/2011 - 17:56 | 1209319 Dangertime
Dangertime's picture

Price doesn't matter......


Spoken like a true bagholder.

Tue, 04/26/2011 - 18:02 | 1209344 akak
akak's picture

I troll, I troll, it's off to work (for JPM) I go!

Tue, 04/26/2011 - 18:05 | 1209361 Dangertime
Dangertime's picture

Right.  Anyone who thinks silver can correct MUST work for JPM.  I bet you're a big follower of Alex Jones, eh?

Tue, 04/26/2011 - 18:07 | 1209378 akak
akak's picture

Since it is essentially universally agreed here that any "correction", i.e., decline, in the price of silver would necessarily be a purely temporary phenomenon, why are you so rabid in beating the drum to "warn" everyone about something that would only be a transitory event, and not warning them about the longer-term and vastly more significant threat of the depreciation and quite possible collapse in the US dollar and ALL fiat currencies?

Tue, 04/26/2011 - 18:09 | 1209388 Dangertime
Dangertime's picture

This "transitory" event will last a year.  Not just a few days or weeks like you children claim.

Tue, 04/26/2011 - 18:20 | 1209407 akak
akak's picture

So sayeth the Great Orifice!

What an assclown --- a year from now, the status-quo monetary and financial system is most likely going to be even more chaotic, and even further along the road to collapse, than it is today, if not in fact completely shattered.  With every post, you just go further and further in proving yourself to be a dishonest, deceitful, disingenuous, malevolent sociopathic bastard.

Given all your blatant lies to date in this forum, you really need to realize that NOBODY here is putting the slightest bit of stock in your ridiculous trolling.

Tue, 04/26/2011 - 18:23 | 1209424 Dangertime
Dangertime's picture

I find it interesting how you always attack me and not the content of what I am saying.

That says a lot.

Tue, 04/26/2011 - 18:28 | 1209437 akak
akak's picture

You are one of the most malicious and idiotic bastards ever to soil this forum.

Fuck off and die, you lying troll.

Tue, 04/26/2011 - 21:42 | 1209891 tmosley
tmosley's picture

We've torn everything you had to say to shreds.  All you can do is assert falsehoods.

What a loser.  

Tue, 04/26/2011 - 17:46 | 1209285 greenbear
greenbear's picture

Please don't let the big ole bullies chase you away.  You're killing me!! 

Tue, 04/26/2011 - 13:04 | 1208192 gwar5
gwar5's picture

Breasticles are not becoming on a man....

Silver is going parabolic because it has been manipulated down for decades. It's about time it started catching up. The national debt has been going parabolic -- and so has the US money supply -- it's about time the price of silver started to keep pace.

The price of silver adjusted for inflation should be around $140./oz (since the 1980 high), and we are in much worse financial shape now. We are a long way from the Twilight Zone, or the girls bathroom, in the price of silver. While I do like the idea of ZSL as an emergency tampon for physical silver holders with manboobs, the industrial and Asian markets make a nice floor for the silver price.  

James Turk has been correct at every mark of the silver run for the last 2 years (and before). "Even with the price around $49/oz silver continues to be in serious backwardation until 2015.... this just doesn't happen!" -- James Turk.

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