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Things That Make You Go Hmmm.... Like Silver Conspiracy Theories (Part 2)
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:
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JD singing to Bernanke for his Margins under the ZIRP as Silver takes off..............
http://www.youtube.com/watch?v=XrFrNnxuIYc&feature=related
I'll sell silver and gold when I see any evidence even a shred of sanity has crept back into this fucking clownshow....until then silver and gold CAN NOT LOSE!
Other things that make you go hmmm:
Military patrols on the streets of COlumbus: http://www2.wrbl.com/news/2011/apr/22/military-patrols-start-friday-night-ar-1752061/#
Military helicopters "staging" a raid on the roof of a BoA building in Florida: http://articles.sun-sentinel.com/2011-04-20/news/mh-miami-brickell-helicopter-scare-20110420-4_1_helicopters-choppers-drill
"Lt. Russ Tippett, spokesman for the coast guard happens to live in Brickell".
Yes of course he does. Does anyone think he lives in Hialeah with the peasants? No he's .gov
I understand your point! Lets un-clog the arteries?
Napoleon
Boehner: "Can't pay your student loan? Face it your parents were lazy and you couldn't afford college. The needs ditch diggers and you were born into a family of them. Can't pay your mortgage? Your house was too expensive and you couldn't afford it. Your taxes going up too much? That's what you get for electing a democrat president. Never had a job after you got a degree? You learned nothing in school and you're lazy. I didn't get to be a congressman by watching jersey shore or playing xbox. You think there's no jobs for you? There used to be. There was when I was your age. You don't have fee time because you have to work all days of the week for 16 hours a day and you don't get paid hourly? Thank the unions. They made decent jobs so out of range of the average American company that they can't hire anymore people and the works' gotta get done. These unions... I tell you they won't be happy till no one in America has a job. And health care? Don't get me started on health care- doctors study their entire lives and they barely make enough to live and yet Obama, who had his entire life handed to him on a silver plate wants to cut their pay. You know that's gonna do? Increase costs- the average persons going to have to work even harder just to see a doctor. "
Taibbi: "With mounting unemployment what do you think is the possibility that we'll see an Egyptian style uprising of the youth? Should we be worried?"
Boehner: "It's not going to happen in the US. The kids here are too fat, too lazy, to addicted to TV, fast food, cheap credit, and facebook. I have news for you- there are plenty of jobs out there- the unemployed don't want them. Today's college student feels entitled to make at least $24 right after college. When they find out they can collect unemployment they would rather do that. You know the average college unemployed person is collecting $60k a year? The CATO institute did a study- and I mean, you and me we're hard workers we could just sit around and live, but these kids today- that's all they've been doing their entire lives. I'm not worried for this country- there are a few of them who actually want to work, take Mark Zucker(sic). You don't build a site like facebook out of thin air- it takes talent and hard work. I went to a community college and all I saw were people sitting in front of computers typing away, their eyes were fixed. Probably just facebooking away."
http://goo.gl/8ep0F
"I'm not worried for this country- there are a few of them who actually want to work, take Mark Zucker(sic). You don't build a site like facebook out of thin air- it takes talent and hard work."
Actually you do build it out of thin air. Mark Zucker doesn't do all the labor involved in facebook. He uses a cheat though. He takes goldman's counterfeit money and sucker money and hires servants to do all the work for him. It's not monetized in any way so it's paid for in a tiny bit by ad's wich are probably faked to some degree and laundered through drug accounts and charitable donation accounts. It's weird how big giant things can appear in this world without much visible means of support.
I used to fix computers and one of my clients was a charity theif. He had a huge house and 6 kids in extremely expensive private school. All of which were too dumb to fix a computer or avoid breaking a computer. That family was a criminal organization depsite being kind and sweet and gentle. They were just facade thieves instead of in your face force thieves.
Skulls and Diatribe? I like you .
Dup
Dup
Anybody else get the plea from APMEX to sell them their silver?
They're promising $3 over spot.
PLEASE sell us your silver, we're dying to sell it! We'll give you $51 TODAY!
Nah, not sellin my silver, bitchez...insanity rules and the Bernank's only option is to furiously print the dollar into oblivion.
Yes Sheepdog...I just got their email blitz as well...!
Ask me again when it's $500 for a single Silver Eagle.....Bitchez.
Yup, apmex begging me to sell the dip. (if you count intra-day highs.)
Though, I have to note, US Eagles do have a wicked spread.
Silver bars and British Sovereigns, bitches.
Wow, now that's bullish!
I saw that Tulving will now trade you $750 face of junk silver for a monster box of eagles. Of course, being a salesman, he claims to give you 36.25 oz. of "free silver," but doesn't bother to mention that the premiums you give up ($1495) make the trade nearly a wash.
If he makes it $1000 face, then I might consider it.
Why is it so hard to believe? Since when is front running the Fed not standard Wall Street practice? In 1980 to undermine the Hunt brothers silver corner the Fed simply had to tip off JPM that they had convinced the Comex to go to liquidation only status. JPM could then enter into massive shorts using derivatives of the Treasury's silver as the borrowing source with the understanding that the IOU would never be called in. Those short positions have probably sat on the books all of this time since any settlement of massive amounts of silver would reveal how the trick was done. Now they're sweating. If silver exceeds the strike price of the derivatives, does the Fed/Treasury call in their "loans"?
And holding the line would require an ever increasing short position...
Hmmm...
That's about the most concise and logical reason for the short to exist.
so we should sell? or buy? or sell? or buy? ehhh, forget it...
It's all just part of the Grand Unified Conspiracy Theory of Everything (GUCTOE):
http://humorix.org/10428
You see...
The Bank of Japan had secretly hidden all its gold reserves in Fukushima Reactor #4, and this was discovered by Gert Frobe who hired Honor Blackman's Flying Circus to fly over the site spraying deadly Delta-9 nerve gas while Christopher Walken and Grace Jones planted a huge cowbell under the Eastern Pacific to trigger a massive earthquake and tsunami that would wipe out both the Japanese semi-conductor industry as well as Fukishima Reactor #4, which evil TEPCO had put into the neferious hands of Dr. No, who perished in the subsequent tsunami and explosions, which caused the BOJ's gold reserves to become radioactive and unuseable, even by Donald Pleasence and his cat, who subsequently fled the Island of Japan in a Space Shuttle piloted by Michael Lonsdale which later crashed in Egypt where he was joined by Richard Keil who tried to kill Roger Moore who was trying to recover the plans for the Egyptian revolution at Giza, but was thwarted by Barbara Bach who got to the plans first and transferred them to notorious Russian arms dealer Sean Bean, and working with media mogul Jonathan Price published false stories about the oil empire of Jimmy Dean who was trying to corner the cocoa market in Ivory Coast to produce a new, chocolate-flavored bacon, but instead resulted in a massive oil spill in the Mexican Gulf, ultimately causing a series of revolutions in the middleast as well as massive rises in oil, bacon, gold, and chocolate prices...
Thurgood Jenkins: You have smoked yourself retarded.
I just got an email from Apmex saying they are now paying 3.00 over spot for US SAE and 38.00 over spot for gold American eagles. It says like this:
Due to the recent incredible demand for Gold and Silver bullion products, APMEX would like to offer you an exclusive opportunity to LOCK IN YOUR PRICES and sell us some of your U.S. Mint collection. This is a limited time offer and it is first come, first served until we have secured enough U.S. Mint bullion products to meet our current demand!
I'll lock in my prices when I see Bernank, Geithner, Obama, or any of these other Maniacal Monetizers display a shred of sanity, until then I can only assume the Greatest Monetization in History continues while Fiat burns to the ground and $47 silver looks like nothing real soon. Suck my balls Apmex.
"Things that make you go hmmm..."
How about people paying 9.99 Euro/litre Super? This idiot paid 209 Euro/21 litres
http://bilder.bild.de/fotos-skaliert/yunus-g-20768067-mbqf-17579498/1,h=...
You can read the whole story in the Austrian newspaper "Kurier":
http://kurier.at/wirtschaft/2095396.php
They also are telling people in the MSM that the entire country could face a shutdown, because of people refusing to refuel their cars with Ethanol based E10...
Barely holding on to $46....
WHOA!!! Silver dropped .80 cents? Guess I better rush to sell it to APMEX right now for $52 as theyre offering! I'll do this all day, sell it to Apmex for $52 and load up at 46.20 as many times as they want!
MomoTrader, are you talking about your IQ, your waistline or your daily income from trading?
Buy silver. DESTROY JPM!
Right on, brother! Stick it to The Man.
Nobody is to big to fail.
Or not?
Red skies at night...red skies at night..oh, oh...
Seriously Robo...if I had a nickel for every worthless post you made I would own over 600oz of silver...at $100 per oz...
If I had a nickel for every serious, thoughtful or meaningful post of MomoTrader's ..... I'd still be waiting for that first nickel.
Surely you'd have to admit, he's posted some serious T&A?
TA? meh.
Robotrader catches a lot of flack, and undoubtedly deserved sometimes.
Nonetheless, I gotta give respect for image priviledges on ZH.
I dont know how he got image priviledges, he might be Tylers adopted red headed stepchild or something.
Yep.
I think he's Tyler's girlfriend's kid. Tyler gave him image privileges to keep him busy while Tyler and Robo's mom are engaged in more 'serious' pursuits...
http://www.youtube.com/watch?v=HXfc7VMyj94
Red Skies at night = sailor's delight. Red skies in the morning= Sailor take warning. There fixed it for you. A red sky at night means all is well. I should know, i'm a sailor.
Does anyone here see a correlation between a spinning top and a spinning dreidel?
http://finviz.com/futures_charts.ashx?t=SI
http://www.youtube.com/watch?v=7_d7tKoYw_s
Hey, drive it down below $40 so I can buy some more because I promised myself that was the limit in how much I would pay. Sell silver to APMEX? There is not enough broken glass in the world for them to crawl over to get to my stacks.
what happens if the spot price falls to 40 fiat FRNs but the physical market continues to tighten and no silver is to be had for less than 50 fiat FRNs. with the kind of premium, what will the market do?
You'll find out because they need to let it climb to make delivery. Or they have given up and are just putting it in hyper backwardation. Where spot price is completely divorced from physical market. IE. it's 40 dollars for silver on comex but 90 in real world because comex doesn't have it and buying is a huge risk with a long wait.
is "Morgan the Bank" hedged or not? Pleeease say "no"...."in the name of truth" of course.
XAG (have fun) XAU is India (IN JUNE)
ISO standardization is a motherfucker.
" the ongoing parabolic rise in silver "...looks pretty linear to me, but parabolic is coming...
The only thing linear I would love to see is a beanpole headed up for Jaimie's ass/
Bob Moriarty's now a silver troll!
http://silverdoctors.blogspot.com/2011/04/bob-moriarty-now-silver-troll....
As long as the same children are running this country I will hold what I got an add on dumps. Gold, silver need to rest. 1480 on gold has me buying more.
leveraged paper exposure while remaining hedged to and potentially profiting from takedowns and selloffs
http://silveroptions.collective2.com
Silver was down to 44,7 overnight (10% below top) when all billions of Indians and Chinese paused in buying silver for some abnormal reason, now is at 46 when europeans chimed in. Still 8% below the intraday peak of 49,8.
Not so far to go to 30.