"Transitory" Inflation Tally: Gold, Corn Record Highs, Silver 31 Year High, Brent 2.5 Year High

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Tue, 04/05/2011 - 16:38 | 1138472 DoChenRollingBearing
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Gold!  Get ya some!

Tue, 04/05/2011 - 17:18 | 1138621 unwashedmass
unwashedmass's picture




Ben said there is NO inflation. What's he talking about now????????/

Tue, 04/05/2011 - 23:58 | 1139706 Mark McGoldrick
Mark McGoldrick's picture

What's he talking about now????????

The better question is:  what is ZeroHedge talking about?

Tonight, in typical fashion, Zerohedge suggests Bernanke is to blame for high corn prices.

Yet, a few days ago, something got through the ZH "blame everything on Bernanke" filter, and the real truth behind corn prices was revealed.


Haven't the new ZH writers been fully indoctrinated, yet?

Tue, 04/05/2011 - 17:25 | 1138642 Moe Howard
Moe Howard's picture

Got Gold?




Tue, 04/05/2011 - 17:41 | 1138696 Anonymouse
Anonymouse's picture

No worries.  In 2008, he prevented the collapse of the CP market with 3 hours to spare.  Just think how much better he is 2 1/2 years later.

I figure Bernanke can wait until 15 minutes before inflation goes asymptotic, then pull the levers and fix it all.  He's that good.  Just ask him

That's what I call Just-In-Time management

Tue, 04/05/2011 - 17:53 | 1138747 covert
covert's picture

gold has been decreasing lately.



Tue, 04/05/2011 - 18:45 | 1138926 doggings
doggings's picture

will you fuck off spamming that shit blog on here with lame  and meaningless one liners you moron.


Tue, 04/05/2011 - 16:37 | 1138477 Sudden Debt
Sudden Debt's picture

In 2 months, news like that will be called: Same old Same old.





Tue, 04/05/2011 - 16:40 | 1138481 Exposer of Inte...
Exposer of Internet Shills's picture

Silver Bitchez!

Tue, 04/05/2011 - 17:14 | 1138601 DoChenRollingBearing
DoChenRollingBearing's picture

By chance I was watching CNBC at 3:15 PM.  Maria and what's-his-name were interviewing ERIC SPROTT.  He told the CNBC dynamic duo that there were only three things that could bring prices of gold and silver down.

When he mentioned getting government spending under control, there was a little bit of nervous laughter...  Like THAT is going to happen.

He then mentioned that maybe when gold went up over $100 for 2 - 3 days in a row, that might be a sign of a top.  I think Maria then asked something like:  So, gold will go to $1500?  Sprott just chuckled.  Priceless moment, Maria had kind of a stunned & dyspeptic look live I have never seen her have.  Made my afternoon!

Well gold and silver going up so much did as well.

Tue, 04/05/2011 - 17:22 | 1138631 Ray1968
Ray1968's picture

Does anyone know why Sprott's PSLV and PHYS seriously underperformed the PMs (and SLV and GLD)????????

Tue, 04/05/2011 - 17:46 | 1138709 Anonymouse
Anonymouse's picture

Yeah, I don't understand how PHYS was down when gold was up $25, especially when it happened earlier in the day. There's no dilution risk (given the new offering) in his ETF is there?

Tue, 04/05/2011 - 17:55 | 1138750 DoChenRollingBearing
DoChenRollingBearing's picture

I have seen PHYS and Sprott's silver ETF discussed here at ZH and why they trade so badly at times.  Maybe there is dlution risk...

Sorry I can't remember and can offer no references.

Buying the physical is just so much simpler...

Tue, 04/05/2011 - 18:12 | 1138820 Careless Whisper
Careless Whisper's picture

PHYS is not an ETF, it's a closed-end fund. The PHYS was weak today because Sprott is increasing its size and buying $300 million more gold. The pricing of he new shares caused the weakness. Long term it will perform the same as gold because they actually own it and buyers of shares have the right to convert shares to actual gold (there's a minimum to do that, I think it's around $1 mill).

Tue, 04/05/2011 - 18:42 | 1138914 Pegasus Muse
Pegasus Muse's picture

Sprott announced a Follow-On Offering after the market closed yesterday.


Sprott Physical Gold Trust Prices Follow-on Offering of Trust Units In An Aggregate Amount of US$311,255,340 04/05/2011 Download this Press Release 

TORONTO, ONTARIO -- (MARKET WIRE) -- 04/05/11 -- Sprott Physical Gold Trust (the "Trust") (TSX: PHY.U)(NYSE: PHYS), a trust created to invest and hold substantially all of its assets in physical gold bullion and managed by Sprott Asset Management LP, announced today that it has priced its follow-on offering of 24,821,000 transferable, redeemable units of the Trust ("Units") at a price of US$12.54 per unit (the "Offering"). As part of the Offering, the Trust has granted the underwriters an over-allotment option to purchase up to 2,347,500 additional Units. The gross proceeds from the Offering will be US$311,255,340 (US$340,692,990 if the underwriters exercise in full the over-allotment option). Certain lead investors, including certain funds managed by Sprott Asset Management LP, will purchase 9,171,000 Units in this Offering.

 rest of the release here:  


Tue, 04/05/2011 - 18:48 | 1138940 Ray1968
Ray1968's picture

Thanks. I guess that 'splains it.

I'm not happy. Feels like holding onto a dog.

Tue, 04/05/2011 - 19:01 | 1138980 Pegasus Muse
Pegasus Muse's picture

Sprott's interview on CNBC today:  http://video.cnbc.com/gallery/?video=3000014555 


Tue, 04/05/2011 - 21:57 | 1139469 Bay of Pigs
Bay of Pigs's picture

11 year bull run in PM's and those idiots on CNBC still don't "get it".

Assclowns or what?

Wed, 04/06/2011 - 01:10 | 1139833 suckerfishzilla
suckerfishzilla's picture

CNBC's mission is to keep the public in the dark about PM's.  If the FED put the brakes on QE3 there is still a huge lag between the events that jump started this bull market in metal and where the price should be adjusted accordingly.  Discounting the difference in the nation's money supply between 1980 and now market manipulation and in fact a historic manipulation of Silver going back to the late 1800's are all coming to a head and under scrutiny in the light of day.  Physical Silver investors are actually starting to see everybody else in their rear view mirror.  10000% or bust!

Tue, 04/05/2011 - 17:15 | 1138615 JollyRoger
Tue, 04/05/2011 - 17:55 | 1138748 FIAT_FixItAgainTony
FIAT_FixItAgainTony's picture

agreed jolly.  silver and gold are what they are - ultimate extinguishers of debt.  they are not promises to pay, they are final payments.  sure wish more understood this fact.

Tue, 04/05/2011 - 17:57 | 1138760 DoChenRollingBearing
DoChenRollingBearing's picture

More people will understand this fact before long.

Tue, 04/05/2011 - 22:47 | 1139581 RockyRacoon
RockyRacoon's picture

Still available, 90% silver proof quarters from the Mint.

Price: $39.95 per set and $4.95 flat shipping for any size order.

The goobermint ain't going to take your numismatic coins!

There is a tad more than 0.90 ounce per set -- do the math.

2010 United States Mint America the Beautiful Quarters Silver Proof Set™

Tue, 04/05/2011 - 19:09 | 1138997 billhilly
billhilly's picture

 silver and gold are what they are - ultimate extinguishers of debt.  they are not promises to pay, they are final payments


Tue, 04/05/2011 - 16:40 | 1138482 emsolý
emsolý's picture

to transmisquote poor Irving Fisher:

"iPad prices have reached what looks like a permanently low plateau." - William Dudley dude

Tue, 04/05/2011 - 16:49 | 1138520 Sudden Debt
Sudden Debt's picture

It's in Dutch but: SAP GOES ALL IN ON THE IPAD.


I've also did the testings with Citrix to acces SAP and it works like a gemstone. SAP, CRM, BW... you name it you can use it.

Great tool for the salesforce. And with the catalogues soon to go online it's going to be the best on the road tool to cut costs on the order fullfillment process.

I know 3 big other international companies who are implementing SAP because of this choice.



Tue, 04/05/2011 - 17:32 | 1138664 EvlTheCat
EvlTheCat's picture

Good news! Thanks for the post and link!

Tue, 04/05/2011 - 17:52 | 1138741 Ray1968
Ray1968's picture

I'm leading an effort to implement usage of the iPad to doctors and nurses in my hosptial (a big US hospital). The iPad is cheaper than a PC or laptop and the user experience is superior. With VMWare virtual deskop already in place, we have fully functional PCs on the iPad. Citrix and SAP (Yes, we use Citrix on many clinical apps and we have SAP) will be the icing on the cake. It really is a nice machine.

Wed, 04/06/2011 - 01:55 | 1139883 A Nanny Moose
A Nanny Moose's picture

I've got a client that just delivered Win7+apps via XenDesktop (XD), and a Hospital/Clinical mgt company looking to deliver GE Centricity via XenApp/XenDesktop, and eliminate full desktops altogether. I've seen this entire desktop replacement paradigm fail before, but virtualization was the missing piece to the puzzle. There is a metric shit-ton of momentum behind the Deskop Virtualization Kool-Aid lately, with the usual drivers in place. This time it is truely a matter of IT departments getting control of, and enumerating their shit.

From a techical perspective (IT...not financial markets bullshit technical), CTXS has the most mature tool set in the App/Desktop virtualization world, and certainly seems well positioned to ride the BYOD tsunami. VMWare and others have some catching up to do.

Disclosure: No CTXS, SAP, or AAPL, but I did sleep at a Holiday Inn Express last night, and might BT some Effing D.

Tue, 04/05/2011 - 16:40 | 1138484 Dr. No
Dr. No's picture

Boom, Bust.  Keynesian economics.  Bernanke has focused on the new bubble: commodities.  Like housing before this one and dot-com before that, "froth" in the markets is labeled as healthy.  He is building the bubble and preparing for the pop.  Thats what they do.

Tue, 04/05/2011 - 16:41 | 1138489 sabra1
sabra1's picture

well, corn is golden in color!

Tue, 04/05/2011 - 16:41 | 1138490 RobotTrader
RobotTrader's picture

As predicted, JPM is totally unfazed from the breakout in PM's today.

A clean breakout in GLD and SLV is accelerating into Outer Space.....

And JPM is obviously hedged accordingly.

The gold and silver breakout can mean only one thing.

Things are getting better, not worse.

There is currently a run on Abercrombie and Fitch jeans, as the stock broke out today, up 10% on 3x normal volume which is bound to catch the eye of all the CANSLIM mo-mo monkeys.

And LULU made yet another new high today....

As for JPM, chart still looks OK to me.

Looks to me like the Weimar Party has started, and virtually everything is going to be skyrocketing in price.

Including bank and retail stocks.

Tue, 04/05/2011 - 16:44 | 1138499 tmosley
tmosley's picture

What, like Enron was unfazed, right up until they started collapsing?

Tue, 04/05/2011 - 16:54 | 1138529 Sudden Debt
Sudden Debt's picture

I hear you. I was assfucked when they went belly up and was totally blindsighted to see the facts. I kept buying untill it was scratched from the boards.


Tue, 04/05/2011 - 17:55 | 1138759 Calculated_Risk
Calculated_Risk's picture

Bruce is that you?!

Tue, 04/05/2011 - 18:25 | 1138870 Careless Whisper
Careless Whisper's picture

@ Robo

add the s&p500 to that 1 year chart of ur beloved jpm and u will see that jpm is up about 3% while s&p500 is up about 12%. it's a p.o.s. dewd. not to single them out, so, wfc, bac, gs, pnc, sti, all have relative weakness too.

Tue, 04/05/2011 - 18:43 | 1138919 MarketTruth
MarketTruth's picture

Robo is just trying to get others.... nevermind. Robo's BS is getting so predictable he'll next be touting that nuclear waste is a growing industry worth investing in, showing the usual BS chart of some company.

+++++ Robo, you really are getting overly predictable and exceedingly boring. +++++

Tue, 04/05/2011 - 21:40 | 1139430 akak
akak's picture

Robo = momo dodo.

Tue, 04/05/2011 - 17:12 | 1138532 hambone
hambone's picture

T - the current global CB policies are creating massive liquidity on one side of the ledger to use in speculation of liquid assets against the deflationary pressure of the RE / CRE / credit bust on the other.

Budget deficits so large now they can't stop...so they won't.  I'm betting we see stagflation and maybe "megaflation" or hyperinflation before we finally see the much awaited deflation.

Flations bitchezzz.

Tue, 04/05/2011 - 16:54 | 1138536 Internet Tough Guy
Internet Tough Guy's picture

Momotrader is our Gartman. See my post below.

Tue, 04/05/2011 - 16:52 | 1138530 Internet Tough Guy
Internet Tough Guy's picture

Gold getting brutalized pre-market, AAPL also getting crushed
RobotTrader - Tue, Apr 5, 2011 - 09:18 AM

Perhaps some of these ultra high risk investments will get slaughtered today?

Tue, 04/05/2011 - 17:04 | 1138578 DoChenRollingBearing
DoChenRollingBearing's picture

Ha ha!

Tue, 04/05/2011 - 17:41 | 1138694 lieutenantjohnchard
lieutenantjohnchard's picture

two-handed reverse slam dunk. you shook the backboard on this one.

Tue, 04/05/2011 - 17:26 | 1138644 Pladizow
Pladizow's picture

To: RoboTrader

You spend an aweful lot of time in a forum that thinks your a douche.

Tue, 04/05/2011 - 18:03 | 1138791 Debtless
Debtless's picture

golf clap. and another for the comment.

Tue, 04/05/2011 - 18:27 | 1138880 Careless Whisper
Careless Whisper's picture

i think robo is chill.

Tue, 04/05/2011 - 19:44 | 1139125 Votewithabullet
Votewithabullet's picture

Imagine. He has an opinion.Some of these pussies want to form a mutual  masterbation society.

Tue, 04/05/2011 - 17:50 | 1138729 lieutenantjohnchard
lieutenantjohnchard's picture

tard, so that you can live vicariously through the gains of silver and gold investors in the zh community imagine all the zh and jim sinclair types tonight popping cab corks over a steak and a wedge.

Tue, 04/05/2011 - 19:25 | 1139046 Richard Head
Richard Head's picture

Fuck off.  Your next post will be the complete opposite, and then you'll try to claim victory somewhere else regardless of what happens.


Tue, 04/05/2011 - 16:43 | 1138495 umop episdn
umop episdn's picture

Gold, silver, corn, crude, all more expensive. Now the price of transitories is going up too.

Do NOT follow this link or you will be banned from the site!