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Things That Make You Go Hmmm.... Like Silver Conspiracy Theories (Part 2)

Tyler Durden's picture




 

Grant Williams chimes in with another (first one is here) off the beaten path observation on the ongoing parabolic rise in silver (and for those confused no, silver is not tracking the CPI). "We have discussed at length in the various iterations of this publication going all"the way back to my BTIG days, the various ‘conspiracy theories’ surrounding alleged shorts in the silver futures market which are allegedly held by, amongst others, JP Morgan and HSBC. Initially, these theories were dismissed as the ramblings of the insane and, speaking as one who was called insane many times, even I have to admit that the stories were somewhat far-fetched. Far-fetched? Certainly. Impossible? Hardly. Implausible? Less so now. There have been all sorts of assertions about the fact that the short positions purported to be in place on the COMEX couldn’t, in fact, exist. These assertions, like the accusations which they attempt to answer, are all offered without proof - the general defence being along the lines of “it’s too preposterous to be true” which, to me at least, is an extremely weak offering. As silver has exploded higher, various estimates have been made at the potential losses being accumulated by those parties short of silver futures. The sums are astronomical. If we take JP Morgans alleged short position as an example, and we assume there is some truth to the assertions about the size of that position, a move to $50 could potentially cost JP Morgan upwards of $4 billion - or, as it’s still known, ‘real money’.

Full April 25 report:

 

Hmmm Apr 25 2011

 

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Mon, 04/25/2011 - 17:17 | 1205294 Rahm
Rahm's picture

Let's get physical, bitches!

http://www.youtube.com/watch?v=vWz9VN40nCA

Mon, 04/25/2011 - 17:36 | 1205366 Dejean Splicer
Dejean Splicer's picture

Noooo.

Things That Make You Go Hmmmm....
http://www.youtube.com/watch?v=XF2ayWcJfxo

Mon, 04/25/2011 - 18:28 | 1205559 Ahmeexnal
Mon, 04/25/2011 - 18:46 | 1205610 malusDiaz
malusDiaz's picture

APMEX: 

 

We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity!

 

We will pay you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity!

 

We will pay you $1,250.00 for your 2010 America The Beautiful 5 oz. Silver coin sets.

 

AHAHAHHAHHAHAHHAH!

Mon, 04/25/2011 - 18:56 | 1205638 Rahm
Rahm's picture

Hurry, lock in your prices, today!  (just got the same email :)

Mon, 04/25/2011 - 19:06 | 1205661 SheepDog-One
SheepDog-One's picture

WHOA I guess I better sell! APMEX is looking out for me! Seems theyre sure it will go down, so theyre offering me $3 over spot to ensure I dont take a loss in the coming huge drop, obviously they know $50 is the top!

Physical, bitchez.

Mon, 04/25/2011 - 19:19 | 1205689 thatthingcanfly
thatthingcanfly's picture

Got that email too. Very disconcerting.

Tue, 04/26/2011 - 02:37 | 1206820 Tail Dogging The Wag
Tail Dogging The Wag's picture

that youtube video is non functional...

 

try this one :)

 

http://www.youtube.com/watch?v=LmQiaSDr3nk

 

1980's HUNTS' high physical - enjoy

Mon, 04/25/2011 - 17:17 | 1205298 AC_Doctor
AC_Doctor's picture

JPM will sucking my left sack to get a hold of my shiny to cover all the paper nothing they sold.  I will sell a little at $189...

Mon, 04/25/2011 - 17:28 | 1205341 bigdumbnugly
bigdumbnugly's picture

problem is they would have no qualms about hacking off your right one to get to it.

good thing you are a doctor.

Mon, 04/25/2011 - 17:39 | 1205363 Sudden Debt
Sudden Debt's picture

I'll sell it whenever I feel good about it and the world gets back in sane mode.

 

Mon, 04/25/2011 - 17:43 | 1205398 yabyum
yabyum's picture

I would sell/trade a bunch for 5 acres w/well good soil, a cabin, chicken coop in the middle of BFE. Location, location,location Bitches!

Mon, 04/25/2011 - 18:30 | 1205568 Ahmeexnal
Ahmeexnal's picture

Don't forget the harem.

Mon, 04/25/2011 - 19:22 | 1205713 VegasBD
VegasBD's picture

BFE? Didnt think anyone would't want to be in Egypt right now...

Mon, 04/25/2011 - 22:33 | 1206158 cowdiddly
cowdiddly's picture

How much you consider a bunch. I got 3.67ac 2 wells,electric cabin surrounded by 1&1/2 million acres of Ouachita national forest. How bigs your stack. 

Mon, 04/25/2011 - 23:57 | 1206586 A Nanny Moose
A Nanny Moose's picture

Get a room, you two

Mon, 04/25/2011 - 19:05 | 1205660 billhilly
billhilly's picture

Even APMEX just sent out an email seeking to BUY American Mint Silver products...and at a healthy premium.  Items are disappearing of the shelf at warp speed.  Gotta LOVE supply shortages!

Mon, 04/25/2011 - 17:18 | 1205299 Golden monkey
Golden monkey's picture

I'm telling ya, they suck it good

Mon, 04/25/2011 - 17:21 | 1205316 Dejean Splicer
Dejean Splicer's picture

I think the coming of Nibiru is turning the producers mines into liquid molten irradiated spunkpots and you dare not extract any more silver until the winged planet passes or you will end up like the Fukushima 50.

Get it?! Buy the metal!

http://en.wikipedia.org/wiki/Nibiru_collision

Mon, 04/25/2011 - 17:37 | 1205370 tmosley
tmosley's picture

Christ, you are such a moron.

Get the fuck out of here.  Garbage.

Mon, 04/25/2011 - 17:43 | 1205391 Dejean Splicer
Mon, 04/25/2011 - 17:42 | 1205395 tmosley
tmosley's picture

Nobody cares.  Shoo.

Mon, 04/25/2011 - 19:26 | 1205720 thatthingcanfly
thatthingcanfly's picture

Holy shit man. I mean, (hyperventilating)... holy shit.

Tue, 04/26/2011 - 02:02 | 1206778 dogbreath
dogbreath's picture

its always a good day to die

Mon, 04/25/2011 - 17:23 | 1205323 Idiot Savant
Idiot Savant's picture

Another metal post, really? Damn Tyler, it's only about page views now huh?

Mon, 04/25/2011 - 17:47 | 1205406 Sudden Debt
Sudden Debt's picture

Only 5000 more to go :)

Are you forced to visit ZH?

 

Mon, 04/25/2011 - 17:52 | 1205424 Dejean Splicer
Dejean Splicer's picture

Only ONE unified opinion counts.

Mon, 04/25/2011 - 17:57 | 1205433 Sudden Debt
Sudden Debt's picture

Yes, that would be MY opinion.

 

Mon, 04/25/2011 - 17:46 | 1205410 traderjoe
traderjoe's picture

Everyone - let's not feed the trolls...

Mon, 04/25/2011 - 19:05 | 1205652 Ruffcut
Ruffcut's picture

If I don't feed them then what do I do with all this dogshit I cleaned up in the yard?

Mon, 04/25/2011 - 20:17 | 1205994 tmosley
tmosley's picture

I like to fatten them up so they survive the bloodletting.

Troll blood is only slightly less delicious than that of unicorns, and a LOT easier to come by.

Mon, 04/25/2011 - 20:36 | 1206101 akak
akak's picture

Tastes great .... less shilling!

Tue, 04/26/2011 - 01:21 | 1206719 Armchair Bear
Armchair Bear's picture

ok that was clever

Mon, 04/25/2011 - 21:30 | 1206237 Braverdave
Braverdave's picture

Even trolls need love. Yeah, I know ... that makes me a troll lover ;)

Mon, 04/25/2011 - 17:54 | 1205429 Al Gorerhythm
Al Gorerhythm's picture

In the big picture of money and who controls it and its concomitant power, it has always been and will be in your life time, all about metals. Get past that and we may be able to look beyond the implications associated with your Christian name, Mr. Savant.

Mon, 04/25/2011 - 18:30 | 1205565 Re-Discovery
Re-Discovery's picture

What else is REALLY trading out there?

Mon, 04/25/2011 - 17:25 | 1205332 GOSPLAN HERO
GOSPLAN HERO's picture

http://www.youtube.com/watch?v=Tb-gI_pFog0

 

Hell March for the Fed!

Mon, 04/25/2011 - 17:26 | 1205334 buzlightening
buzlightening's picture

Follow chicoms/China's lead.

  London Source - Asian Buyers Will Take Silver Over $100

http://www.kingworldnews.com/kingworldnews/King_World_News.html

Been accumulating monetary stores of value outside the dollar for 3 years. Chinese have nothing better to do than spend dollars buying physical gold/silver!  It will torpedo benron burnokio whom China can't stand and kill king dollar in the process.  

Tue, 04/26/2011 - 09:21 | 1207438 goldfish1
goldfish1's picture

That site needs a better graphic artist.

Mon, 04/25/2011 - 17:27 | 1205338 AC_Doctor
AC_Doctor's picture

Listening to Karl Denninger talk about silver on Blog Radio and he is a fuking Doucheinger.  And yes, Karl, everything is going just hunky-dory in Fukushima.  Market-faggot.com

Mon, 04/25/2011 - 18:15 | 1205490 Creed
Creed's picture

careful now, according to the info posted the other day Market Ticker has a much higher number of grad degrees visiting it then Zerohedge :)

 

altho ZH wasn't too shabby

Mon, 04/25/2011 - 18:56 | 1205637 NotApplicable
NotApplicable's picture

Given that most grad degree holders are looking at a lifetime of inescapable debt while opportunities to earn a big enough salary to cover the debt service disappear daily, I don't give much credence to their ability to congregate rationally.

Besides, as a demographic group, they probably vote in higher proportions than any other group, except perhaps for the senile seniors.

Mon, 04/25/2011 - 19:09 | 1205671 SheepDog-One
SheepDog-One's picture

Epic ownage there.

Mon, 04/25/2011 - 20:02 | 1205932 Imminent Crucible
Imminent Crucible's picture

HEY! Us senile seniors resent that, you little snot.

NA, I mean. Not you, Sheepdog.

Mon, 04/25/2011 - 19:14 | 1205676 Moe Howard
Moe Howard's picture

It's obviously a higher class of poster over there, you can tell by the avatars. His radio rants are legendary for emotional irrationality. He is against silver because we are not buying it to make jewelry and electronics, but to get a leg up on our fellow man. Oh, and it's too unstable to be used as a currency except back in the olden days of yore. You know, pre-1964, when dinosaurs roamed the earth.

Mon, 04/25/2011 - 17:28 | 1205344 gwar5
gwar5's picture

I thought it would cost JPM and HSBC much more than a few billion by the way they were leveraged on silver.

No matter, and whatever, buy physical everybody and enjoy it. Save yourselves as the exodus from the USD gets underway in earnest.

Mon, 04/25/2011 - 17:33 | 1205352 WilliamShatner
WilliamShatner's picture

Conspiracy, bitchez!

Mon, 04/25/2011 - 17:44 | 1205394 BlackholeDivestment
BlackholeDivestment's picture

Business as usual!

   ...Denny Crane

Mon, 04/25/2011 - 18:20 | 1205511 JohnG
JohnG's picture

*snicker*

Mon, 04/25/2011 - 17:33 | 1205353 Sudden Debt
Sudden Debt's picture

46,91$

 

Scrap-silver made up a large piece to meet industrial and investor demand. Now that investor demand went off the charts, the scrap-silver part doesn't supply enough anymore to meet those demands.

This train is set in motion and even if investor demand would drop, the shortages would still make it go up.

I just can't be turned around that easy.

In the industrial usage, silver is a C-part. Even with silver at 500$, it would still be a C-part, meaning that recycling for silver isn't economical viable.

 

Mon, 04/25/2011 - 17:31 | 1205354 Bansters-in-my-...
Bansters-in-my- feces's picture

Heres another "Things that make you go Hmmm" about the goverment conspiracy theory.

Banksters know the truth.

We all know what the Rothschild dude said.

Mon, 04/25/2011 - 17:31 | 1205355 scratch_and_sniff
scratch_and_sniff's picture

" too preposterous to be true" is quite a decent offering actually, since the opposite is too preposterous to be true.

Mon, 04/25/2011 - 17:34 | 1205356 mr_T
mr_T's picture

WATER biaches.. water.. where can I buy water futures.. my garage is full

Mon, 04/25/2011 - 17:47 | 1205413 scratch_and_sniff
scratch_and_sniff's picture

I'll sell you some, they are "pooled" though, so you cant take delivery...if you dont laugh it wont hurt my feelings.

Mon, 04/25/2011 - 19:10 | 1205672 SilverBaron
SilverBaron's picture

But you will be required to pay storage fees.

Tue, 04/26/2011 - 00:24 | 1206626 mt paul
mt paul's picture

swimming pooled...

Mon, 04/25/2011 - 18:00 | 1205448 Occams Aftershave
Occams Aftershave's picture

Following these many advices, we must also take physical delivery of our water investment, yes?

Tue, 04/26/2011 - 09:28 | 1207455 goldfish1
goldfish1's picture

It's tungsten water now.

Mon, 04/25/2011 - 19:05 | 1205659 Rahm
Rahm's picture

Talk to JPM, they have plenty to sell, as they are underwater.

Mon, 04/25/2011 - 17:32 | 1205358 AboutAverage
AboutAverage's picture

These financial institutions should flood the markets with silver and drive the price down!   That is about the only thing that can save them at this point.   Just flood the market and people will realize how useless silver is.

Mon, 04/25/2011 - 17:42 | 1205384 faithfulwatchman
faithfulwatchman's picture

Sorry Mr. Average. Bernank is doing this with the fiat dollar. Unfortunately, there is only a finite amount of Silver. Do your homework...

Mon, 04/25/2011 - 17:56 | 1205431 Long-John-Silver
Long-John-Silver's picture

Where pray tell are they going to find the physical Silver to accomplish this amazing feat?

If they could do it they would have done it way back in September at $20 and ounce. I saw $20 because that's what our favorite Silver-less Butt Hurt troll has been calling for.

Mon, 04/25/2011 - 18:32 | 1205567 SheepDog-One
SheepDog-One's picture

'Flood the markets with silver' ok you do that, tell Ben to fire up his silver printing machine.

4 kilos of 'worthless silver' in every Tomahawk missile, not to mention every other piece of military hardware that uses electronics. And we're ramping up war. Go dig some useless silver out of the ground it only costs $5 to do it! Or so I hear anyway.

Mon, 04/25/2011 - 19:22 | 1205711 Richard Head
Richard Head's picture

Wow.  You really should read more and post less.

Mon, 04/25/2011 - 19:47 | 1205850 akak
akak's picture

These financial institutions should flood the markets with silver and drive the price down!   That is about the only thing that can save them at this point.   Just flood the market and people will realize how useless silver is.

AboutAverage, I have news for you --- you're not.  You're quite a bit below.

Mon, 04/25/2011 - 20:56 | 1206160 SuperRay
SuperRay's picture

"About average."  Is that your IQ?

Tue, 04/26/2011 - 09:27 | 1207461 goldfish1
goldfish1's picture

Where's IQ145 ?

Tue, 04/26/2011 - 09:29 | 1207460 goldfish1
goldfish1's picture

Good idea. Just flood the market. That'll show 'em.

Mon, 04/25/2011 - 17:35 | 1205369 faithfulwatchman
faithfulwatchman's picture

Dipp-ity Do Da- Dipp-ity Day, My-oh-my, I'll be buy'in them all day! I just love it when a plan comes together... Buy the way... Such deals will start to appear!

Mon, 04/25/2011 - 17:47 | 1205392 Sudden Debt
Sudden Debt's picture

Conspiracy? :)

You guys should read up on the Latin Monetary Union Silver Sceme.

It's there that the Hunt brothers got their idea's from.

It's the cause of WOI

...

But if that would be the goal, it's still a decade away.

 

The Latin Monetary Union – 1865

Prior to 1860 the Germinal system was adopted to create a monetary community between Belgium, France, Italy and Switzerland.  In 1803, the “germinal franc” (named after the month Germinal in the (revolutionary calendar) was established, creating a gold franc containing 290.32 mg of fine gold. From this point, gold and silver-based units circulated interchangeably on the basis of a 1:15.5 ratio between the values of the two metals (Bimetallism). This system continued until 1864, when all silver coins except the 5 franc piece were debased from 90% to 83.5% silver without the weights changing. It, however failed because these countries had to lower the fineness of their coins to curb the disappearance of silver coins.  There was no harmony between the countries.  The Swiss reduced their 2 franc coins and higher value coins to 800 thousandths.  Italy reduced their coins to 835 thousandths.  Due to the need for small coins, France overruled the Legislative Body and tentatively decided to reduce the fineness of 50 and 20 centime coins to 0.835 thousandths (law passed on the 25th May 1864).


Belgium gold coin from Latin Monatary Union - Leopold II

The story began when Belgium adopted the French franc in 1830. Switzerland harmonized its currency to the franc in 1848 and Italy joined in 1861, both retaining the names of their national currencies but adjusting their values to match the franc. In 1865, this arrangement was formalized as the Latin Monetary Union. Greece and Bulgaria joined in 1867, and a number of states (Spain, Romania, Austria, Finland, Venezuela, Serbia, Montenegro, San Marino and the Vatican) issued currency following the conventions without officially joining the Union.

The basic idea was that each member country would have identical coinage made from gold and silver. While the names of the individual currencies were kept, the weights were identical, so 5 French francs were worth exactly the same as 5 Italian lire and could be used through the Union like national currency (minus a 1.25% handling charge). Each country could mint as many coins as it wanted, there being no risk of inflation due to the intrinsic worth of the metal. The following coins were issued throughout the Union:

Belgium used French gold for all its dealings and therefore made it legal tender in 1861.  The Belgian delegate remarked that because his country was situated between France, England, Holland and Germany it formed the perfect natural link for payments to these States.  Some were using gold and others silver.  The balance of the National Bank was suffering from the aftershocks of these actions which disrupted credit and trade.  Belgium, Italy and Switzerland therefore demanded adoption of the gold standard.  The agreement was signed reducing the fineness of coins worth less than 5 francs to 835 thousands.  The money supply was voluntarily limited.  Individuals could only make maximum payments of 50 francs.  Each country was also forbidden from printing more than 6 francs per capita.  A very simple system that Greece joined in 1868.

However, there were problems that eventually lead to failure. The exchange rate of gold to silver was fixed at 1:15.5, which soon turned out to over value silver significantly. The Union countries tried to unload their silver coins into other countries, so they could profit by turning them into gold. Speculators could buy 16 francs of silver, go to the Mint and strike four 5 franc coins which enabled them to go and buy a beautiful Napoleon. France’s gold was disappearing.

Germany shamelessly profited and benefited greatly from the situation.  German agents came to Paris and Brussels with silver ingots from the recent demonetisation of thalers and transformed them into 5 franc coins which were then converted into notes and then gold.  To put an end to these practices Belgium, France, Italy and Switzerland limited (1874) and then soon after suspended (1876) the striking of écus. A larger problem was that there was also a second set of subsidiary silver coins for smaller amounts, issued by each country on its own and not fully convertible elsewhere. Even though these coins had a lower silver content than the primary coins, Union members were by law required to accept up to 100 units of them at face value per transaction, very much a loss-making proposition for the receiving side. Also, while the ending of silver convertibility stopped the minting of new silver coins, outstanding ones remained legal tender. With the advent of World War I and the massive financing strains involved, not to mention war between members of the Union, the system collapsed totally, although it remained in legal fiction until the end of the 1920s.

The United Kingdom entered discussions of  Britain joining the Latin Monetary Union. The proposal involved reducing the amount of gold in one pound sterling by less than 1% to make one pound equivalent to 25 Francs and also decimalising the currency. During the period of the Latin Monetary Union, the United Kingdom was already in a monetary union with territories now commonly known as the “Commonwealth” The gold standard of the British gold sovereign existed in these territories until the outbreak  World War I.

Tue, 04/26/2011 - 04:55 | 1206937 Urban Redneck
Urban Redneck's picture

Conspiracies that lose money are no fun to watch.  The short-silver crowd should have folded when it became more profitable and strategically sensible to play the long offense.  Perhaps when you get into bed with the government over time you lose sight of the original goal (profit).  What is needed now is a good (this time successful) long silver conspiracy.  Little Georgie Soros only had the cash and ego to take on puny third-world banks (like Thailand and England).  Who will step up and break the Bank of Morgue, the Crimex, and the Bank of Ben with a single blow, thereby achieving immortality in the annals of financial history?  There is no shortage of players with both the money and the ego given the current tightness of the physical market.  All that is required is to open a substantial long Comex position, and absorb the small physical supply on the market to start the chain reaction.  The FED's prodigious printing efforts sew the seeds of their own destruction, and distribute the implements of their destruction to their enemies.

I left a handy road map and instruction manual in another thread this morning- 

 http://www.zerohedge.com/article/apmex-starts-reverse-inquiry-seeks-buy-any-quantity-silver-clients-3-over-spot#comment-1206862   

 

 

Mon, 04/25/2011 - 17:42 | 1205397 RobotTrader
RobotTrader's picture

Denninger is going to kill himself if NFLX isn't down 15% tomorrow.

Man, that guy hates NFLX.

Mon, 04/25/2011 - 17:53 | 1205430 slaughterer
slaughterer's picture

Don't we all hate NFLX?  Tell me you are not short NFLX.

Mon, 04/25/2011 - 17:59 | 1205444 lieutenantjohnchard
lieutenantjohnchard's picture

hey forgetful, you must be a real pleasure to be around. so far today you've said you hate silver, netflix, the fact that zh doesn't meet your strict criteria for web posts and people who aren't free market enough for your tastes. and that's just in the posts i've skimmed.

one of these days we're gonna find something you like.

Mon, 04/25/2011 - 18:09 | 1205469 thames222
thames222's picture

we love silver, love netflix, and love gold.  the haters can eat our dust while we sip champagne in the penthouse suite.

 

www.forecastfortomorrow.com

Mon, 04/25/2011 - 18:17 | 1205498 slaughterer
slaughterer's picture

C'mon, NFLX has been mentioned here repeatedly alongside LULU and CMG as the most ridiculously over-inflated P/E stock of QE2.  

Mon, 04/25/2011 - 20:19 | 1206018 delacroix
delacroix's picture

priceline

Mon, 04/25/2011 - 20:19 | 1206020 delacroix
delacroix's picture

priceline

Mon, 04/25/2011 - 18:43 | 1205606 SheepDog-One
SheepDog-One's picture

Robot is throwing a bit of a hissy fit today, he hates everything. I guess they must have roughed him up more than usual before stuffing him into the locker today.

Mon, 04/25/2011 - 17:47 | 1205405 leonard1234
leonard1234's picture

I got into AGQ @ $285.  When do you think a good time to get out would be?

 

Mon, 04/25/2011 - 21:51 | 1206300 lincolnsteffens
lincolnsteffens's picture

I got AGQ at 60-65 and I'm sweating like a pig. I would have sold some several days ago but I've go till 2nd week in May
to get past the short term tax. I'm sitting on a major profit
and worried it will melt away before I can sell a third and put it into double gold and miners. I know, shut the fuck up.
Everyone should have my problem.

Mon, 04/25/2011 - 17:47 | 1205407 johnnynaps
johnnynaps's picture

Silver might triple in the next couple years but if you are worried about manipulation and bubble, the next major opportunity......Radiation free Sake! I'm liquidating the metal with too many evil hands in the cookie jar and investing in the low-flying booze. I figure a generic bottle of radiation-free sake will rival the price of an aged fine wine in a couple years. And, no worry of uncle scam trying to confiscate, tax and manipulate the price.

Mon, 04/25/2011 - 17:49 | 1205422 scratch_and_sniff
scratch_and_sniff's picture

all you need is radiation free piss.

Mon, 04/25/2011 - 17:47 | 1205414 Magnix
Magnix's picture

As greedy as it sounds stop thinking as an investment, use them for PROTECTION!

Mon, 04/25/2011 - 18:16 | 1205435 Dejean Splicer
Dejean Splicer's picture

WOW. Magnix. The black zheep.

Mon, 04/25/2011 - 17:49 | 1205420 traderjoe
traderjoe's picture

I liked the Richard Russell quote. Spot on...

Mon, 04/25/2011 - 17:49 | 1205423 Magnix
Magnix's picture

...and food to survive!

Mon, 04/25/2011 - 17:53 | 1205427 scratch_and_sniff
scratch_and_sniff's picture

...and a brain to realise what an almighty fool you are!

Mon, 04/25/2011 - 18:15 | 1205491 Dejean Splicer
Dejean Splicer's picture

Lolz. We've had quite a day today, scratching and sniffing.

No new discoveries.

Mon, 04/25/2011 - 18:04 | 1205459 tomster0126
tomster0126's picture

Con-ex, please take my privates and place them in your mouth!  holding physical silver and gold until death, fiat paper is the root of all evil.

 

www.forecastfortomorrow.com

Mon, 04/25/2011 - 18:05 | 1205464 richard in norway
richard in norway's picture

every time silver goes up a buck, there is a post on it, but today we had a big sell off or should i say plunge and there is no post on it, today was hair- raiseing, i'm geussing that SLV will hit 44 tomorrow before breaking 50 by the weekend

Mon, 04/25/2011 - 18:22 | 1205502 mogul rider
mogul rider's picture

It's only hair raising if you're a pumper like half these dicks.

If you're long it is irrelevant. However, the key term here is long.

When does long end?

Very soon judging by the massive increase of fucktard 2 ouncers around here. I sold a shitload of physical today at the open. Way too nice a rise to go unanswered.

Will sell more at 52. if it gets there (not sure it will) and so on and so on.

Cause at some point, some boner here is gonna do "wait a minute? you all said this was going up................... then she drops 30 bucks.

Cause you see, it's parabolic and it ain't different this time. You folks can do what the fuck you want. But at net 7 bucks, I'm taking some out. Just good business.

Like Jesse Livermore said" sit tight and be right", well I've been right since 2001 and my family before that. Time to shake it up a little.

Cause fucktards spell crash and this place is full of them tight now.

Will sell till only my core position is left.

Too all the good ones around here = I hope you do well, but, this trade is wayyyyy too crowded

Mon, 04/25/2011 - 18:39 | 1205588 nope-1004
nope-1004's picture

this trade is wayyyyy too crowded

 

Is it a trade?  Or is it protection?  Hmmmm....

There is a new currency coming.  All your foresight since 2003 for not.  Terrible waste of that investment to sell now.  Astonishing you would put your faith in the US dollar.  You're siding with criminals and will get hosed.

It could be more crowded these days because in 2002 there were only 1 billion more potential buyers unleashed on the market, who are now facing serious inflationary pressures internally.

Just sayin'.

How much do you want for the rest of your "too crowded" Limited Resource - Financial Insurance policy?

 

Mon, 04/25/2011 - 18:40 | 1205598 SheepDog-One
SheepDog-One's picture

Im not 'trading' silver and gold at all. Locked in a safe until any shred of sanity appears in this entire clusterfuk. I think it will be locked away for a very long time!

Mon, 04/25/2011 - 18:44 | 1205611 mogul rider
mogul rider's picture

Oh I said I was selling I didn;t what I was taking for exchange.

Besides I'm Canadian so I can take CDN for the immediate trade which I did this AM

CDN for the transaction and immediate phsical gold for delivery

should have clarified that sorry.

 

Silver is not a currency right now, it's a trade, that is the problem, the specs have turned it like they did 2007

Mon, 04/25/2011 - 19:05 | 1205651 SheepDog-One
SheepDog-One's picture

My gun store, liquor store, and some markets accept silver. Currency, bitchez.

Mon, 04/25/2011 - 18:59 | 1205635 mogul rider
mogul rider's picture

One more thing all along I have said have a plan, know your limits and stick to them. If I get flamed for that who fucking cares.

 

At least I'm honest. I hit my target it's that simple. I could care less if it goes to 100. I have a core positon which is never sold except to get us out of prison to bribe the guard or buy groceries if the zombies show up.

 

I don't think it will be that bad.

 

Always remember folks, 100 Silver is not something you'd want to see. Well maybe you nutbars around here but certainly 100 silver is very fucking serious social decay and gangs in the streets,

Most of you have no idea what that is like while you drink your double double latte. Let me tell you, it ain't pretty nor is it worth holding out for. You are killing your nighbours kind of stuff.

So anyway, I hope it ends well for you all. It's only profit and growth in precious if you translate your silver into more gold.

 

Silver buys hookers, gold buys communities of hookers.

 

 

 

Mon, 04/25/2011 - 19:12 | 1205667 akak
akak's picture

Always remember folks, 100 Silver is not something you'd want to see. Well maybe you nutbars around here but certainly 100 silver is very fucking serious social decay and gangs in the streets

Disingenuous bullshit.

I heard the exact same "$XXXX gold will mark the end of the world!" Mad Max-style fearmongering from Karl "My way or the highway" Denninger, Nouriel "Count Chocula" Roubini, even Antal Fekete (one of the good guys), and a host of others, all promising Armageddon should gold hit this price or silver hit that price.  Things continue to degrade, and yet life goes on, and the brain-eating zombies have yet to appear (aside from MothMan).

Mon, 04/25/2011 - 20:52 | 1206148 Imminent Crucible
Imminent Crucible's picture

Hey--I was going to say that.  Back when I was buying silver for under $5, people laughed at me, saying "silver will never be worth more than about $5, and if it went to $50 again it would be because the country's in total chaos, so it won't be any use."

The country is pretty much in a state of chaos, but they got everything else wrong. You know what a silver basher is? A guy who spent the last 10 years watching silver go up without ever buying any.

The best-performing asset class of the past decade, beeches.

Mon, 04/25/2011 - 21:00 | 1206162 Imminent Crucible
Imminent Crucible's picture

It posted twice...things that make you go hmmmm.

Mon, 04/25/2011 - 19:11 | 1205669 NotApplicable
NotApplicable's picture

One more thing all along I have said have a plan, know your limits and stick to them. If I get flamed for that who fucking cares.

You get flamed for your attitude by coming off as a pretentious douche, which is pretty much why everyone gets junked by someone eventually.

"It's only hair raising if you're a pumper like half these dicks."

 

"Very soon judging by the massive increase of fucktard 2 ouncers around here."

Do I need to go on? Maybe if you'd drop the attitude, this board wouldn't be such a dramatic experience for you. Otherwise, keep it up, and you'll soon find yourself posting merely for your own amusement, as it will be seen by no others.

Mon, 04/25/2011 - 20:08 | 1205950 ViewfromUnderth...
ViewfromUndertheBridge's picture

A claimed 200 years of family refinement and you give us "phsical gold" (sic)...

But, in your defence, you can spell "Silver buys hookers, gold buys communities of hookers" ...nice.

Mon, 04/25/2011 - 22:15 | 1206360 disabledvet
disabledvet's picture

and what man wouldn't settle for anything less than a community.  who says a man's heart isn't in the totally wrong place all the time?

Tue, 04/26/2011 - 01:09 | 1206705 Hephasteus
Hephasteus's picture

"Always remember folks, 100 Silver is not something you'd want to see. Well maybe you nutbars around here but certainly 100 silver is very fucking serious social decay and gangs in the streets"

Let me see. Gangs of people roving the street versus GITMO. Hmmmm.

Let me see. Some people smoking weed verus MULTIBILLION DOLLAR ORGANIZED FUCKING CRIME WITH SOLDIERS GUARDING POPPY FIELDS AND BANKS LAUNDERING THE MONEY.

What's the deal here. The neighboarhoods are going to get fucked up anyway. You mad that you won't be able to do it first? Or collect the profits from it?

Tue, 04/26/2011 - 01:15 | 1206709 Raymond Reason
Raymond Reason's picture

Your "gold standard" is the USD.  You judge the market based on a false standard. 

Mon, 04/25/2011 - 19:15 | 1205686 Re-Discovery
Re-Discovery's picture

I always wonder why people quote Livermore.  His bad trades killed his good ones.  I mean, how smart is a guy who marries a woman whose 4 previous husbands committed suicide. 

Poor Mr. Livermore went the way of the other four.

Mon, 04/25/2011 - 21:25 | 1206226 Hephasteus
Hephasteus's picture

"Very soon judging by the massive increase of fucktard 2 ouncers around here. I sold a shitload of physical today at the open. Way too nice a rise to go unanswered."

We don't weigh and measure people in ounces. It's not the size of the fuck you in the fight. It's the sincerity of it.

A very very sincere FUCK YOU!!

I won't lie to you. Every person who has gone up against gold and silver has died. But where they've failed you will succeed. For you are THE ONE!!!

Hehe he said boner.

Tue, 04/26/2011 - 02:19 | 1206794 dogbreath
dogbreath's picture

you are too big of an asshole to be canadian. 

Mon, 04/25/2011 - 18:25 | 1205544 fuu
fuu's picture

Strange my chart shows a green finish today in real monies. That paper shit didn't do too well though.

Mon, 04/25/2011 - 19:18 | 1205693 Henry Chinaski
Henry Chinaski's picture

That shit paper didn't do too well though.

Fixed it.

Mon, 04/25/2011 - 19:29 | 1205740 fuu
fuu's picture

Gracias.

Mon, 04/25/2011 - 18:08 | 1205465 richard in norway
richard in norway's picture

every time silver goes up a buck, there is a post on it, but today we had a big sell off or should i say plunge and there is no post on it, today was hair- raiseing, i'm geussing that SLV will hit 44 tomorrow before breaking 50 by the weekend

Mon, 04/25/2011 - 18:19 | 1205504 SheepDog-One
SheepDog-One's picture

A 'hair raiseing plunge' all the way back to the depths of still well positive for the day solid green at $47.06? What?

Mon, 04/25/2011 - 18:29 | 1205564 Big Ben
Big Ben's picture

A very brief spike to almost $50 followed by a brief plunge just before first notice day and options expiration. Perhaps an attempt to shake out people with tight trailing stops? If so, it doesn't seem to have worked very well.

Mon, 04/25/2011 - 18:39 | 1205594 SheepDog-One
SheepDog-One's picture

I see no hair being raised by this 'plunge' all the way down to $47. And Apmex is now hat in hand begging for you to sell them your silver for $51. They know its only the start of ups for silver.

Mon, 04/25/2011 - 18:08 | 1205466 richard in norway
richard in norway's picture

every time silver goes up a buck, there is a post on it, but today we had a big sell off or should i say plunge and there is no post on it, today was hair- raiseing, i'm geussing that SLV will hit 44 tomorrow before breaking 50 by the weekend

Mon, 04/25/2011 - 18:23 | 1205518 Teamtc321
Teamtc321's picture

We also need a post that it only cost 5 bucks to dig out of the ground lol. Where has ol meth head been anyway?

Mon, 04/25/2011 - 18:27 | 1205554 Teamtc321
Teamtc321's picture

We also need a post that silver only cost 5 bucks to dig out of the ground lol. Where has ol meth head been anyway?

Mon, 04/25/2011 - 19:22 | 1205702 Henry Chinaski
Henry Chinaski's picture

$5 won't cover the premium...

Mon, 04/25/2011 - 18:10 | 1205479 richard in norway
richard in norway's picture

every time silver goes up a buck, there is a post on it, but today we had a big sell off or should i say plunge and there is no post on it, today was hair- raiseing, i'm geussing that SLV will hit 44 tomorrow before breaking 50 by the weekend

Mon, 04/25/2011 - 18:14 | 1205488 richard in norway
richard in norway's picture

sorry having hardware problems, i think

Mon, 04/25/2011 - 18:26 | 1205525 Dejean Splicer
Dejean Splicer's picture

Sacrilege was suppose to fix this 'double post' bug a few years ago but it's too complicated a task for his to overcome.

Mon, 04/25/2011 - 18:27 | 1205555 Dejean Splicer
Dejean Splicer's picture

Sacrilege was suppose to fix this 'double post' bug a few years ago but it's too complicated a task for his to overcome.

Mon, 04/25/2011 - 18:30 | 1205571 Dejean Splicer
Dejean Splicer's picture

Sacrilege was suppose to fix this 'double post' bug a few years ago but it's too complicated a task for his to overcome.

Mon, 04/25/2011 - 18:30 | 1205574 Dejean Splicer
Dejean Splicer's picture

Sacrilege was suppose to fix this 'double post' bug a few years ago but it's too complicated a task for his to overcome.

Mon, 04/25/2011 - 18:31 | 1205576 Dejean Splicer
Dejean Splicer's picture

Sacrilege was suppose to fix this 'double post' bug a few years ago but it's too complicated a task for his to overcome.

Mon, 04/25/2011 - 18:35 | 1205585 SheepDog-One
SheepDog-One's picture

Total fail Dejean.

Mon, 04/25/2011 - 19:03 | 1205654 Dejean Splicer
Dejean Splicer's picture

It's D'jean.

~D'jean Splicer.

Mon, 04/25/2011 - 20:27 | 1206044 tmosley
tmosley's picture

Nobody cares.  I don't even care.  I just love expressing contempt.

Mon, 04/25/2011 - 19:31 | 1205760 Dirt Rat
Dirt Rat's picture

I don't care if this the Fight Club, it's not nice to bash your hosts. Feeding instruction sets to a machine that's just as dumb as the cardboard box it came in isn't nearly as easy as it sounds. Junk'd.

Mon, 04/25/2011 - 19:48 | 1205844 Dejean Splicer
Dejean Splicer's picture

You Dirt Rat you.

Not bashing, poking. Poking fun. Anyway, truth be told the double post 'feature' is just another analytical tool in the hosts arsenal.

Get use to it.

Mon, 04/25/2011 - 21:47 | 1206286 tmosley
tmosley's picture

Get "use" to it, huh?

Morons like you make excellent fodder for the meat grinder.  I hope you are short.

Mon, 04/25/2011 - 23:11 | 1206502 Rusty Shorts
Rusty Shorts's picture

all of you are idiots, the "double post bug" is actually a "shit detecting profiler" - designed to uh, shit i forgot nevermind.

Mon, 04/25/2011 - 23:11 | 1206503 Rusty Shorts
Rusty Shorts's picture

all of you are idiots, the "double post bug" is actually a "shit detecting profiler" - designed to uh, shit i forgot nevermind.

Tue, 04/26/2011 - 00:18 | 1206615 Yen Cross
Yen Cross's picture

We are all in the Middle Rusty. I Respect you! Best wishes!

Tue, 04/26/2011 - 01:17 | 1206715 Rusty Shorts
Rusty Shorts's picture

  you still in the south pacific?

Mon, 04/25/2011 - 23:11 | 1206504 Rusty Shorts
Rusty Shorts's picture

all of you are idiots, the "double post bug" is actually a "shit detecting profiler" - designed to uh, shit i forgot nevermind.

Mon, 04/25/2011 - 23:11 | 1206505 Rusty Shorts
Rusty Shorts's picture

all of you are idiots, the "double post bug" is actually a "shit detecting profiler" - designed to uh, shit i forgot nevermind.

Mon, 04/25/2011 - 23:14 | 1206506 Rusty Shorts
Rusty Shorts's picture

all of you are idiots, the "double post bug" is actually a "shit detecting profiler" - designed to uh, shit i forgot nevermind.

Mon, 04/25/2011 - 18:15 | 1205497 Creed
Creed's picture

every time you hit save there is a post on it

 

 

 

 

bwahahahaha

Mon, 04/25/2011 - 18:29 | 1205563 fuu
fuu's picture

I thought you SEC guys knew how to buy porn. Only click the button once dude.

Mon, 04/25/2011 - 18:36 | 1205570 honestann
honestann's picture

Even after the JPM smashdown, silver is UP relative to the last trading day.

Plus what you say just isn't true... just about every day precious metal prices are mentioned in some article or another on ZH.  But even so, the trend is clearly UP so that is the story, price-squiggles notwithstanding.

And yes, go back and see my predictions that JPM would in fact smashdown silver prices over the long weekend and before the options expire.  I didn't realize silver would shoot up so much before that happened, but this smashdown was their normal modus-operandi.

Mon, 04/25/2011 - 18:10 | 1205480 Robslob
Robslob's picture

Here is my forecast for the markets, silver and gold over the next 3 months:

http://www.youtube.com/watch?v=bpOdCWaTsIk&feature=player_embedded#at=73

Mon, 04/25/2011 - 18:13 | 1205482 RobotTrader
RobotTrader's picture

ES getting goosed by the PPT, even when NFLX is down 5% in the after-life.

Hey, whatever it takes to avoid embarrassment in front of "The King's Speech"

Mon, 04/25/2011 - 18:17 | 1205508 slaughterer
slaughterer's picture

Got to make new 52 week highs before Wed.  Got ... to... got ... to...

Mon, 04/25/2011 - 18:36 | 1205528 SheepDog-One
SheepDog-One's picture

I hope they do pump the shit out of stocks! Dollar would be 73.4 by Wednesday, silver $53, go for it Ben!

All just imaginary market movements to fool the morons. Purchasing power adjusted stocks are down for the year. But I like to see idiots get all excited about losing wealth, hillarious.

Mon, 04/25/2011 - 21:09 | 1206191 Imminent Crucible
Imminent Crucible's picture

"Purchasing power adjusted stocks are down for the year."

Well, yeah, but after adjusting for lost purchasing power stocks are down for the last eleven years.

Think about it; in Jan 2000 the official CPI number was 169, and today it's over 223.

http://www.inflationdata.com/inflation/Consumer_Price_Index/CurrentCPI.asp

That means that, by the govt's own reckoning, the USD has lost 32% of its value against goods and services.  So, today's DJIA is down 30% since Jan 2000 in real terms.

Buy and hold! BWAHAHAHAHAHA!

Mon, 04/25/2011 - 18:21 | 1205520 SheepDog-One
SheepDog-One's picture

Only due to a plunging dollar. Stocks are sucking big time, down for the year across the board.

Mon, 04/25/2011 - 22:17 | 1206373 disabledvet
disabledvet's picture

i could listen to a dialogue between you and TD all day long.

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