• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

SLV Is Now "Hard To Borrow" At Goldman

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Wed, 04/20/2011 - 12:22 | 1188559 tekhneek
tekhneek's picture


Wed, 04/20/2011 - 12:31 | 1188601 The Count
The Count's picture

you just had to get that in, right?


Wed, 04/20/2011 - 12:36 | 1188625 Careless Whisper
Careless Whisper's picture

Don't break out the champagne yet. Preparing for something!? Homeland Security/Miami-Dade Police are doing drills to protect their bosses -- the banks. Three black hawk helicopters do a practice drill last night dropping a SWAT team on the roof of Bank of America headquarters on Brickell Avenue in Miami.





Wed, 04/20/2011 - 12:40 | 1188649 The Count
The Count's picture

Hmmm... starting to soil their pants, are they? :-)



Wed, 04/20/2011 - 14:12 | 1189110 Dr. Impossible
Dr. Impossible's picture

i forecast in a few days we will hear vandals had set a fire in the gold storage facility at this location.



then in a couple years, insiders will make a movie about the decision to send this group in to shut the vault door, cause the fire had grown outa control.

Wed, 04/20/2011 - 12:44 | 1188660 cossack55
cossack55's picture

Would be tough to either land a copter or repel onto a brightly burning building.

Wed, 04/20/2011 - 12:50 | 1188706 SilverRhino
SilverRhino's picture

They are practicing for the inevitable hostage situations that are expected to develop at banks as people realize they have been cornholed with a sharkskin coated tungsten weiner.  During the Long Depression they were lynching bankers.

Wed, 04/20/2011 - 12:53 | 1188723 cossack55
cossack55's picture

Cool, the precedent HAS been set.  Whats that whole history repeating itself thingy.

Wed, 04/20/2011 - 14:05 | 1189093 Crisismode
Crisismode's picture

History never repeats,

but it usually rhymes.

Wed, 04/20/2011 - 21:37 | 1190776 jeff montanye
jeff montanye's picture

mark twain?

Wed, 04/20/2011 - 12:58 | 1188762 Temporalist
Temporalist's picture

Rhino it's funny the coincidences in life as I just saw something about shark skin being used as sandpaper by the ancient crafters of the world.


Wed, 04/20/2011 - 13:13 | 1188832 SilverRhino
SilverRhino's picture

Try getting into a fistfight with a guy wearing sharkskin gloves.   It's as bad as lion tongue for stripping skin off you.

Wed, 04/20/2011 - 14:25 | 1189196 Dr_Dazed
Dr_Dazed's picture

Tell me about it - that exotic "Lioness BJ" I got while hanging with the Bear (Stearns) guys way back when about did me in.

Wed, 04/20/2011 - 22:19 | 1190885 GeorgeHayduke
GeorgeHayduke's picture

"as people realize they have been cornholed with a sharkskin coated tungsten weiner."

Now that's funny!  Well, it is as long as I'm not on the receiving end of that weiner.

Wed, 04/20/2011 - 23:27 | 1191111 GeorgeHayduke
GeorgeHayduke's picture

You can tell who owns our "Law Enforcement" officers anymore. You can bet they aren't practicing to break into the bank and pull out the bankster criminals. Nope, instead you know they are training to protect the criminals from the average folks who have had enough of their crimes...the so-called terr'rists.

This county has turned into a joke. I hate to say it, but the sheople pretty much deserve the shit sandwich they're going to be served. I just hope they can figure out who served it to them and take out their anger on them instead of everybody else as they will be directed by Faux News, CNN, etc... I see a low probability of that though, as the nature of the sheople is to react, not think and figure out what's happening to them.

Wed, 04/20/2011 - 12:46 | 1188674 gordengeko
gordengeko's picture

Black choppers bitchez!

Wed, 04/20/2011 - 13:00 | 1188757 Global Hunter
Global Hunter's picture

I remember writing an essay on 1984 that focused on the symbolism of helicopters.  They're used to intimidate people in my opinion anyway.

Wed, 04/20/2011 - 13:02 | 1188775 Temporalist
Temporalist's picture

They are as often or more often the symbol of safety; the big metal bird in the sky coming to lift you off a roof or hot LZ.  Think medivac, Coast Guard, Vietnam...

Wed, 04/20/2011 - 13:27 | 1188917 iowaguy
iowaguy's picture

Unless you are the Vietcong or a patriot standing up to the Govt

Wed, 04/20/2011 - 14:14 | 1189144 ArgentDawn
ArgentDawn's picture

Cue MASH music..

Wed, 04/20/2011 - 14:23 | 1189179 Chuck Walla
Chuck Walla's picture

Yeah, I remember safety and Viet Nam in the same sentnce once.  Like "Get me the fuck to Safety, those crazy slopes are trying to kill us".

Wed, 04/20/2011 - 13:38 | 1188951 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

One 2nd hand RPG later, they're down a very expensive symbol of the corporatocracy and you're out about $100. Fair deal!

Wed, 04/20/2011 - 13:13 | 1188833 YC2
YC2's picture

Holy shit.  That was taken from the building across the street from me.  They are coming for my physical lol.


PS been reading since the blogspot days, first post.  Figured it was ok to register since the black helicopters are apparently circling already anyways...

Wed, 04/20/2011 - 13:15 | 1188838 gordengeko
gordengeko's picture

Yeah, it's when they stop and pick you up is when you should worry.  Otherwise you can go....

........('(...´...´.... ¯~/'...')
...........\.............. _.·´

Wed, 04/20/2011 - 13:19 | 1188864 YC2
YC2's picture

Ive heard the police had said it was part of a scheduled movie scene filming, which happens pretty often here, but it was more that they were trying not to look stupid for not knowing.


No source, just heard on the street...

Wed, 04/20/2011 - 15:03 | 1189409 lemonobrien
lemonobrien's picture

fuck yeah, this was no game; they probably went in to steal/confiscate documents/etc.


Wed, 04/20/2011 - 14:06 | 1189085 andybev01
andybev01's picture

Welcome to the club, YC2!

If you want first row seats this summer at re-education camp, make a donation to ZH.

Wed, 04/20/2011 - 13:54 | 1189054 Ned Zeppelin
Ned Zeppelin's picture

move along people, nothing to see here.

Wed, 04/20/2011 - 14:44 | 1189300 boricuadigm-shift
boricuadigm-shift's picture

Heyyyy... I posted here a month ago about a cargo helicopter taking a huge cylinder from BoA:


by boricuadigm-shift
on Sat, 03/26/2011 - 11:17


Anyone has noticed helicopters in Bank of America(or other banks) in other cities?  Today I saw a huge helicopter hovering over Bank of America building in (Brickell) Miami, FL.  I know, I know... conspiracy theory...  But it may me think.  What is a huge helicopter doing at 8:30am hovering over a bank trying to land what it look like a 15' diameter x 10' tall cylindrical object on a Saturday Morning?

Food for thought!


THere is definetely something going on.

Wed, 04/20/2011 - 15:13 | 1189432 undercover brother
undercover brother's picture

Here's some nourishment for your brain:  it was an air conditioning compressor.....duh

Wed, 04/20/2011 - 13:11 | 1188836 Soul Train
Soul Train's picture

I can't wait until we the sheople start using silver for our currency between our private transactions.

Finally, those silver quarters, dimes and half dollars will come back out of circulation.


Some day soon I hope. Screw Washington DC beltway bandits and the whole Fed banksters.

Next train, back to pre-1860?

Wed, 04/20/2011 - 13:41 | 1188980 Long-John-Silver
Long-John-Silver's picture

I'm having a new Labor Rate sign made for the Shop.

 Shop Labor Rate is $2 in Silver Eagle Coins per hour.

Wed, 04/20/2011 - 14:26 | 1189206 Burnbright
Burnbright's picture

I wouldn't pay that, just put a sign up saying "accepting gold and silver" and hash out a deal. You can't just set rates in stone when silver is going up 60% in 4 months. You would get more takers if you accepted the equivelent FRN rate in silver but slightly below. You should give other people willing to trade you silver a deal as incentive. 

Wed, 04/20/2011 - 13:14 | 1188848 kengland
kengland's picture

Thanks TD. I just loaded up on ZSL at 100k. Everyone is so high right now it's sick. Dipshits at the gym are speaking with authority now about gold and silver.


Wed, 04/20/2011 - 13:55 | 1189059 Ned Zeppelin
Ned Zeppelin's picture

time to sell when your co-worker in the next cubbie asks how your silver accumulation is coming. 

This all sounds like a setup to me.

Wed, 04/20/2011 - 14:38 | 1189277 kengland
kengland's picture

Amen to that. Espically when these folks were still in their tech undies when silver was at 4.


When the SnP the other day put the US on notice, the same fellow was all about selling treasuries. When I told him the 10 year was unchanged and the dollar had a nice day, he looked very confused.

These folks need to be punished just a wee bit to remind them that it's not that easy

Wed, 04/20/2011 - 16:06 | 1189697 MrBoompi
MrBoompi's picture

The dollar's a piece of crap and losing value as we speak. So please sell me your silver. Or better yet, I'll buy it on the dip after the chickens sell.

Wed, 04/20/2011 - 14:27 | 1189231 Burnbright
Burnbright's picture

I would sell that after options experation if I were you, silver will be higher next month but a dip should be here by tuesday.

Wed, 04/20/2011 - 13:36 | 1188955 slaughterer
slaughterer's picture

Do not underestimate the manipulative play on silver that is being set up for this weekend, when liquidity is very low and many markets are closed.  I hope you all loaded up your protective puts above $45., before this "news" (well known already within PD land) broke.

Wed, 04/20/2011 - 13:46 | 1188998 Xibalba
Xibalba's picture

straddle performing nicely!

Wed, 04/20/2011 - 12:23 | 1188561 JLee2027
JLee2027's picture

Bear raid tomorrow about noon according to Turd. Margin Hike too coming I'm sure.

Wed, 04/20/2011 - 12:37 | 1188633 Xibalba
Xibalba's picture

almost too easy....meanwile...the 'big fade' is workin over at the miners party. No position limits means they gotta fook with the jr.'s first.  Like a killer whale with a seal pup. 

Wed, 04/20/2011 - 13:02 | 1188786 Temporalist
Temporalist's picture

"Hey those seal pups were just asking for it with those sad little beady eyes all staring at me.  They were asking for it I say!"

- The Global Kleptocrats

Wed, 04/20/2011 - 14:00 | 1189071 Xibalba
Wed, 04/20/2011 - 12:52 | 1188718 Let them all fail
Let them all fail's picture

for a newb, what affect will a margin hike have?

Wed, 04/20/2011 - 12:54 | 1188729 cossack55
cossack55's picture

If recent history is any guide, opposite of what they wish.

Wed, 04/20/2011 - 13:16 | 1188847 N_Jones
N_Jones's picture

I'm noobish at this also but I think it means for those buying option puts or calls on futures will have to buy a bigger chunk at a time.

Wed, 04/20/2011 - 13:15 | 1188857 glenlloyd
glenlloyd's picture

margin hike typically flushes out speculative positions who don't wish (or can't) pony up more money to play.

problem is that these 'hikes' have had diminishing returns and typically the market recovers in short order. I wouldn't be surprised this time to see nothing at all come from another hike.

the realization is that they may have totally lost control.

Wed, 04/20/2011 - 13:24 | 1188892 Larry Darrell
Larry Darrell's picture

A margin hike forces people who are investing with a "leveraged" position to post more collateral.

So, say I want to buy a commodity like silver.  In order to invest, I don't have to put up the full amount right away.  If the amount is (a nice round number) $100,000, I can invest by putting in part of that amount (the margin).

So, they hike the margin requirement.  If I'm all in with no extra cash to meet the new minimum amount, then I would need to sell some of my position to raise the cash needed to meet the new margin requirement.

On a grand scale, they hope the margin hike forces enough people to have to sell to cover (raise enough cash), thus driving down the price of the commodity because they have to sell at whatever price they can get to post the cash as collateral.  This allows people who are underwater (losing money) on short positions to get out of there losers with a smaller loss.

This has always worked fairly well for the criminals in the past; however, we find the margin hikes humurous now because their effects are so small and short lived.

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