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Thunder Road Report On The Imminent Surge In Silver, And Much More
From the just released Thunder Road Report:
I can’t remember a time in my 23 years in the market when there was so much confusion and uncertainty about the outlook. As the monetary catastrophe unfolds gradually, some days things look a little brighter, then the sheer enormity of the problem becomes only too apparent once again. Sentiment keeps flipping between optimism and pessimism, but the debt bubble just gets bigger! Noel Gallagher wrote “These are crazy days, but they make me shine”, and that sounds like a good enough motto for trying to invest right now (fingers crossed). The silver price has started to trade differently and it appears that BIG MONEY is moving in to the metal (at long last) and fighting the Cartel. There is evidence that the supply of physical silver is getting tight and it could be the beginning of a major upward move in the price.
This and much more in the full report:
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at least this guys gets it :)
http://www.youtube.com/watch?v=oMlqn_Hjyi8
Then there is the real killer: ZERO movements of silver occurred. This is amazing.
When there is clearly a shortage of metal from the trickle of delivery notices the total lack of silver movements adds fuel to the fire. Expected them to scrape some silver together and bring it into the warehouse just for window dressing.
The amount of silver standing for delivery this month is likely to be 13 Mozs; that is going to make a big hole in the dealer inventory!
The volcano continues to rumble.
There were 125 delivery notices issued in the SEP silver contract. The total delivery notices for the month in silver stand at 834 or 4.2 Mozs. This is still a low amount of delivery notices considering there are 1807 contracts of open interest still outstanding. It continues to indicate a tightness in physical metal supplies.
The SEP silver contract Open Interest stands at 1,764. The OI together with the issued delivery notices indicate the potential amount standing for delivery could be 13.0 Mozs or 25% of the dealer inventory.
For the fourth time in 11 trading days the cartel got stuffed by a V- reversal. Investors are no longer scared by dips…they are buying them. The cartel is looking very vulnerable dumping metal when they clearly don’t have much left.
The sharks are smelling blood.
Viva LeMet !
Silver Bitchez
OT: FLASH DASH
National Healthcare Corporation
NHC-A
Intraday: 12.91 - 199,999.98
Looks pretty normal to me. :>)
looks like a print error. I dont have that trade.
lol, yep CD... looks like one of those Sunny Boners to me!
That is sick! 200,000!
What is the deal with this? Y! and G Finance are still showing the top-tick price for 52-week, Y! has the spike on the graph still, but they both have the daily open/close prices in line with no apparent rocketshot to almost 200K earlier.
I looked at the order on Y! after I saw this comment and there were one or two blocks that were huge shares - more than outstanding if I'm not totally mad yet.
I'd be curious if anyone can confirm more (or less, if it was just a misprint on the tape). And I barely even know what "the tape" is except for the intellectual bashing one gets on here if one is not wise, such as me!
Great....just when we thought we got rid of the goldbugs....we get infested with silverbugs.....
Terminex......where are you???
Answers To Correspondents
"YOUNG AUTHOR."--Yes, Agassiz does recommend authors to eat fish, because the phosphorus in it makes brain. So far you are correct. But I cannot help you to a decision about the amount you need to eat--at least, not with certainty. If the specimen composition you send is about your fair usual average, I should judge that perhaps a couple of whales would be all you would want for the present. Not the largest kind, but simply good, middling-sized whales.
-THE END-
Mark Twain
You were warned by numerous people - including my FOUR Market Ticker Ids - not to drink the Karl Denninger Kool-Aid. I hope you at least enjoyed the cookies.
From your Bernanke clown avatar I can tell you're a straight shooter. I'm just curious, do you think that the price of Silver is manipulated?
I'm just trying to build arguments against Silver and I haven't heard one yet, maybe you could enlighten me.
Silver is much heavier than gold, dollar for dollar.
Silver tarnishes easily, so my servants are constantly polishing it.
Silver isn't as good in bullets as lead.
Silver makes lousy nails and even worse screws.
But silver bullets kill werewolves and silver crosses ward off vampires!
Silver does kill bacteria, as the medical journal legends attest. May it also kills the goims that create vampires & werewolves? Seriously, I just realized that silver is the only item that kills both! Maybe Bernanke & JPM are vampires & werewolves!
- the Silver Spoon, will keep you healthy.
Perhaps vampire stories are just allegory for Central Bankers/Money changers.
DM--
Well, the price of silver certainly was manipulated during 2008, which was why the remains of Lehman were bought by Morgan Stanley. MS had very serious counterparty trading issues with Lehman regarding silver; it still does. Many argue the price is still heavily manipulated.
Do look here, http://www.gata.org/node/8466, and please access the GATA website for further information. If you read GATA enough, as well as ZeroHedge, you will encounter far more evidence of ongoing manipulation by other counterparties, as well.
There is one argument against silver, and only one, but it is mighty. Silver, unlike most PMs, is an industrial metal, up to and including medical uses. Thus it is in some manner dependent on a rising economy in most circumstances. I tend to think that for now, that paradigm has been broken, and that silver is so undervalued to gold in its traditional ratio, due to the depression, that it has a huge upside.
But beware; others have tried to outwit the silver market, and failed spectacularly--try Googling the Hunt Brothers cornering the silver market...Having lived through it, but never bitten, I am tempted now. But only to a small degree...The Hunt Brothers, who went spectacularly bankrupt as a result (and with Hunt Oil as a backup, to boot), were just a little bit early, but they were generally correct, just fatally early...So be careful...
In this instance, I think the situation is likely reversed. However, possession of PMs is of primordial importance. We may well experience in the not too distant future a scenario wherein paper of any variety (including electronic) is disdained, or even refused.
hunts lost b/c they changed the rules to bring em down,
couldn't ever happen again eh?
"But on January 7 1980, in response to the Hunt's accumulation, the exchange rules regarding leverage were changed, when Comex adopted 'Silver Rule 7' placing heavy restrictions on the purchase of commodities on margin. The Hunt brothers had borrowed heavily to finance their purchases, and as the price began to fall again, dropping over 50% in just four days, they were unable to meet their obligations, causing panic in the markets."
http://en.wikipedia.org/wiki/Silver_Thursday
Oh good, after your failure in the peak oil thread, you decided to parade your ignorance about in a silver thread, too?
Are there any topics in which you're not a complete retard?
Abiogenic oil?
Maybe you should be more concerned with Bed-Bugs.
As in, "Get in Bed with the Fed."
And don't forget the lube...
I can vouch for Curby, he is anti-anti-gold bug.
And here I thought you paperbugs only infested the gold-related threads! I guess silver has now entered your consciousnesses, and inflamed your fiat-loving ire, as well.
Speaking of paperbugs, I wonder where that troll JB has been? If he had ANY sense of shame or honesty, he would have permanently slunk away after his incessant, and now utterly discredited, weeks-long call that "gold will top at $1220!" before beginning its supposedly ordained crash to less than its average production cost (he apparently believes that miners only produce gold out of the goodness of their hearts). But expecting the least shred of honesty or humility from such a vehement, vitriolic gold-hating troll is simply wishing for the moon.
Since you can't kill us, you might as well join us.
Yes, Thunder!
http://www.youtube.com/watch?v=IlejfA5NCbQ
And yet the debt markets say "all is well." This is still not the "70's" in the sense that "the whole thing is now smeared on the wall." In short "we havnen't lost the war yet" and indeed "i'm not sure I can define defeat here relative to Afghanistan especially given the 10 million obliterated by a flood." I can defined defeat vis a vis Iraq however as I think we all can....
Jim Rogers says buy Silver
HELL YEAH BITCHES! I GOT THAT SILVER LINING COVERED DOG!
Don't buy bars, buy coins!
Silver: Liberty dollars 2010
Gold: Leopold II 20 franks, and Tunesia 20 franks are 2 coins with a higher collectors value then the gold but is sold at gold weight value.
For example: Today the gold and silver prices didn't even go up 1%, but coins got up 5%!!
We should start to get use to using log scales on charts for what is coming.
Forget scales, every silver coing is nominated in 1oz, 1/2 oz...
The new international currency: OZ!
Looks like the Bilderbergs might get what they wanted decades ago!
We're off to see the Wizard, the wonderful Wizard of OZ.
We know he is, he is a wiz because of the things he buys.
And somewhere overhead is a man dropping packets of dollar bills from a house that is about to crash into the ground, crushing the Wicked Witch of the Economy.
and if you don't like it, all you need to do is click your rubby slippers 3 times and :)
Royal Silver Company
0.99999 Pure Silver
http://www.royalsilver.com/
5 9's, thanks for the link. A little higher than the price of ASEs.
http://silver-dollars.com bitchez!
scam
I pay for one coin and through my marketing efforts, currently get 5 in the mail every month.
Hardly a scam.
All those out of work real estate agents and stockbrokers should take it on - at least they'd be selling something that's going to go up in value!
Must be run by Willam Black.
http://www.youtube.com/watch?v=0BeB0cDr3R0
Look for coins everybody knows and are easy to trade and sell.
If you take coins nobody's every heard about, you'll only be able to sell them at silver price which is 15% lower then a liberty.
Or just buy a Morgen bag 100$ face value from the mint.
A liberty is also 0,999. Do you want to pay 1,15$ more per coin for the 0,00099 extra? Don't think so.
MS 65s. Most liquid, fungible of all sealed MS dollars
You two must be kidding, right?
What $100 face bag of Morgan silver dollars -- from what mint? Not the U. S. Mint.
And, you... You'd pay for MS-65 slabbed anything? Talk about your premiums.
As for silver, if you live in the U. S., there is only one choice:
U. S. Silver Eagles
I don't intend to be mean, but I'm a coin dealer and numismatist. The most pissed folks will be the ones who bought coins from the Home Shopping Network. The next most pissed will be those who don't study the available options enough and weigh the premium to the fungibility. Numismatics ain't got nothin' to do with buying silver bullion for the big economic meltdown coming.
What's wrong with maples?
Or 100 oz. Heraeus bars for that matter?
I second Heraeus 100oz. Also, Johnson Matthey, Englehard, and the new RCM 100oz. Any of these are highly tradeable.
Agreed: with silver, think QUANTITY, not quality. IMHO, buying silver numi's is unwise. If I'm looking for silver, I'm not going to buy a single PCGS MS-65 ASE that someone thinks is so fancy and puurdy when I can get several unslabbed ASE's for the same price. I'm looking for QUANTITY. Weight, baby!
As for the bag of Morgans, why? Why pay 25% more for a Morgan (or a Peace dollar, for that matter, or even a bag of halves), when you can get "junk" dimes and quarters? If you're going to buy a face bag, buy a face bag of mixed or straight dimes and quarters. You'll get some Mercury dimes and Standing Liberty quarters in there, almost for sure, and you might even get some old, worn-down Barber quarters, if you're into the collector side a little bit. The Mercs are worth more than Roosevelt's, but just be happy with what you get by chance. Don't worry about "collector"--worry about weight! :) Bulk coin silver (aka "junk") is just about the cheapest way to buy silver, and with junk, you don't have to worry about counterfeit or recognize-ability: everyone knows how to read a date and everyone knows what a good quarter looks like. If you want to preserve some kind of "premium," then stack up the ASE's, as these have indeed consistently held on to an internationally-recognized premium, but understand that you will have less silver, dollar for dollar.
Here's a gold and silver crash course for interested folks: http://banksterreport.blogspot.com/2010/04/gold-and-silver-crash-course.html
Oh--and second that "most pissed folks" comment: I just get mad when I see those scams! I feel sorry for the people buying that, but hey, that's why you do research.
Great website! Thank you for the link. That's why I love ZH: Great resources found amongst the drek. I still didn't get an answer as to which MINT a bag of Morgans comes from... Makes ya wonder. I just picked up a roll of 2010 Silver Eagles last night on eBay at $22.10 each shipped free. I'll pay that premium for its recognizability. Won't be long when that premium will completely disappear and I'll wonder why I didn't buy the other rolls being offered. The best part is that I get a name and phone number of a seller that I can buy from off-eBay. My best sellers are found that way.
One disagreement: Who the hell wants big silver bars? Back to basics: Why do I want silver at all? If all I wanted to do is trade I'd use ETFs. Ha! Not going there. I have 3 or 4 of them and they are a pain in the butt. That will be the first thing to go on the market when the "time comes". I get Morgans from private sellers who want to dump their family junk -- at spot or less. Those will go on eBay second, after the 100oz bars. My ability to buy half a bushel of corn at the local farmers market with a 1950 Washington quarter is the goal, right? I've got pounds of junk silver that is still unsearched for collectible coins. I guess I'll do that when the lights are out and the trains ain't running, and the militia is patrolling the streets.
Thanks again for the link to your site; it's going out to those who pester me for details. I have just about given up on "helping" my fellow man with advice they don't take. Don't knock on my door when TSHTF.
Gold: Record closing price today.
MITHRIL !!!!!!!!!
Rare Middle-earth Element.
Rare Earth Elements. Name more than 2 that trade US: MCP, REE
WAW! Looking at those stocks, you just know something is about to happen.
Great find William +10!
AVARF (Avalon, in Canada)
GWMGF (Great Western, in Canada)
CCE... Commerce Resources
#563793
Tantalum - Raw Materials and Processing
http://tanb.org/tantalum
Following up on rare earth metals, I printed out the relevant pages from the Scribd attachment. Looks like Lynas (of Australia, traded here as LYSCF) has or will have a processing facility that will allow them to become more vertically integrated.
So, for me, I may buy the below 4 in approximately equal dollar amounts:
MCP, AVARF, GWMGF, LYSCF
All 4 either have or want to have the ability to separate the rare earths from each other and then go on to refine them and then sell them to end users (Toyota, battery makers, wind turbine makers, the US military, etc.).
In another thread a few days ago someone suggested that I just do the research and pick the leading company. No, not for me. How the hell do I know if a company has a rotten core (Enron, Global Crossing)? Buying the 4 apparent leaders leaves me less exposed to "company risk".
China has been buying up Rare Earth miners and metal stockpiles like there is no tommorrow.it will take the US 15 years to get back in the game.
According to UniCredit:
If investors were to switch only 1% of the global market capitalization of equities and bonds into gold, at the current gold price of around USD 1,250 per troy ounce, this would translate into demand of 36,000 tons. According to the US Geological Survey, this is roughly equivalent to the known gold reserves
Why wont the overflow slosh into silver with a huge standard deviation imbalance vs the historical ratio silver:gold?
That will happen with the next 1%. Actually there is more gold in bullion form than silver.
In Europe, there is about 0,7 oz in gold for every citizen. About 780 euro's in today's gold price. So that's still good as a currency I think. I don't think there's many people walking arround with 780 euro cash in their wallet. Most transactions happen with plastic.
Silver is about 17 oz, that's about 350 euro.
But there's a funny thing with coin money. People collect those more then bills. Almost everybody has a jar for spair change that get's filled up pretty fast.
Here in Belgium we once had a problem with it because not enough people where spending coins. The sollution was that you had to pay a fee to change the coins and make all the coins lower in value then the face value.
But for silver and gold this is not doable.
Also stacking up money with gold and silver isn't that easy as there would be massive logisitical problems.
Oasis - All Around The World.mp3
Great reference, mediocre album.
Last I bought quantities of silver eagles was April!! Good luck finding them now in quantities as the little guy suffers paying premium in the streets!! Ebay auctions!! At 6am the premium was over 100% for the 1st time ever I'd seen!! Look for 1-10oz purchasers of .999 fine to bendover as USD will head into the sphincter of debt black hole vortex! goonzi paper ponzi crimex a fraud and that will soon be self evident as the certificate holders who desire physical delivery need get physical and still get nothin in precious metals honest money gold/silver in hand!! http://www.24hgold.com/english/buy_sell_silver_coins.aspx?co_id=0
That's the top 10 listings.
Here are the closed sales listings direct from eBay.
Not that bad at all.
http://tinyurl.com/2fmfvn2
e.g.: $115 for 5 Eagles with free shipping. Who'd pass that up?
Seller has almost 20,000 feedback at 100%. I'd say that is safe.
I've bought hundreds of eBay lots and NEVER had a loss of my money.
DOW/S&P500/FTSE/EURO short signal continues :
http://stockmarket618.wordpress.com
Silver is always on the verge of an imminent breakout.
I hope silver continues to be on the verge of a breakout for awhile longer, so I can buy more.
I buy 1 oz silver coins because its the only investiment I can make without reading a prospectus.
See my post directly above. Have you gone the eBay route?
Take your time and don't get in any bidding wars.
I use esnipe.com, pay a small fee, and have bids placed at 10 seconds or less before lots close. Make your best bid and go on about your life. If you win, great! If not, try again.
There is no reason anyone can't own a bit o' silver.
The best part about that highlighted OPEX on silver was JPM's commodity desk getting deep sixed the following Tuesday. I laughed to so hard at the thought of how much money they lost.
Phil " The Power " Taylor on ZH now there is a Silver Geezer,deadly round that board. Silver is the business,buy those Coins Man.
As with the majority of people on this site, I believe gold and silver will one day take over as the world reserve currency. But, I think in the short term you will see a decrease in gold and silver prices. Why? Because this deflationary recession/depression could last for many years. How many of you out there that have been hoarding gold and silver are self sustainable? In a deflationary environment, the people with limited savings will have to dump their gold and silver for food and shelter. The longer the deflationary depression, the more commodities will drop.
au contraire my dear...... It's not going to be the folks with limited resources that are going to move these markets.... The people who are shy of pocket are screwed.... Unlike many of the players who are so in love with holding physicals, and I don't dispute that some of the long term inventory should be held in physical form, The best and most liquid form for trading these markets is futures... However, having said that, I don't recommend the futures markets to anyone unless they have a significant amount of experience in those markets.... I have been telling all my personal friends, for about five years now, to buy uncirculated gold and silver coins (with an emphasis on gold) and put them away in a safe place.
Me.... I kinda a cowboy kinda trader.... I'm not into the minutia of gold/silver or apple/orange correlations. When I go into a market long or short, I put on Texas hedges, on the long side, I'll buy the physicals, the futures and the calls or I'll sell the physicals, the futures and buy the puts. My risk managers are a bunch of Chimps sitting in their cages, flinging their feces at my customers. They evolved from a bunch of Christian Jihadists.
Take my word for it, the day will come when a Krugerrand will buy you a house and a nice bitch...
Best regards,
Econolicious
Prediction: silver hits 50 before gold hits 1600.
Prediction: silver hits 50 before gold hits 1600.
I hope so.
oppps double post
Abiogenic silver
silver plated hindenberg blimp
Silvah, Sugah and dat der Oro.... Buy now, before the Christmas rush....
These are secular bull markets none of which have hyper spaced yet. Once they do, you're not going to be able to buy into them.....
Best regards,
Econolicious
I think he should fire that hemline article off to bernenke and obama and the other boys of perspective economics....seems the girls could be doing their part a bit more!!!!!!
Of course the Hunts got caught with the pants down when silver was $120/oz (2009 dollars or somesuch). The historic high. Long silver isn't just John's first & last names.
edit: intended as a response to a post much further above here.
Lets not forget Lithium in the rare earth space, there's a reasonably new ETF attempting to replicate the Solactive Global Lithium Index (LIT US on bloomberg). Its not a direct play, more a selection of companies involved in Lithium production in one form or another, but it is at least exposure of a kind. And yes, I know its an ETF and therefore only paper before someone goes off the deep end ;-)
I read a little of the Hunt brothers recently and they werent really speculators, just ahead of the market trying to protect their enormous wealth. got shut down by the usgov because they were pulling back the proverbial curtain.
Glad to read i am not the only one having upsetting mood swings when contemplating what the near future holds. One day im excited the next im sad and scared.
either way i hate the war economy and want to see it flattened. no more growth i say.
Looking very strong - Over $20 today
Nice article thanks.
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