Will Silver Surge Following The Nationalization Of Bolivia's Silver Mines By Embattled President Evo Morales?

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Thu, 04/14/2011 - 14:04 | 1169536 aVian
aVian's picture

bullish for silver

Thu, 04/14/2011 - 14:14 | 1169578 duncecap rack
duncecap rack's picture

Sucks when you hold PAA calls though.

Thu, 04/14/2011 - 14:48 | 1169723 Herd Redirectio...
Herd Redirection Committee's picture

Personally, I think the Capital Research Institute is doing a  lot of good with their approach.  Can't match ZH for pure quantity, but there comes a time for spreading awareness AND planning solutions!

"On Psychology & Markets"


More and more people are catching on to the fact that two sets of rules are currently in place, one for the MEGAwealthy (net worth > $100 m), and one for the rest of us.  Besides the issue of the US government’s debt problems,  and spending more than they earn, there is the problem of the US dollar (world reserve fiat currency) on its deathbed, with a privately -owned central bank (the Federal Reserve) that has proven beyond a shadow of a doubt to have ONLY the interests of its private owners in mind.   Not only were the bailouts in 2008 a mistake, they were the largest theft in the history of mankind!  It was the largest reverse Robin Hood story in history!  The rich stealing from the poor to a degree only imagined (and probably salivated over) by the ‘great’ tyrants of the early 20th century, John D Rockefeller and JP Morgan.  Now in the 21st century we get Henry Paulson, Hank Greenberg, Ben Bernanke, Lloyd Blankfein,  Jamie Dimon, etc.

The question left to ask, then, is why haven’t EVEN MORE people woken up to facts, and the dire situation we find ourselves in?  After a long and careful look at this issue, the answer may be surprising to some.

Thu, 04/14/2011 - 14:57 | 1169777 cxl9
cxl9's picture

It was the largest reverse Robin Hood story in history!  The rich stealing from the poor to a degree only imagined

How exactly does one steal vast wealth from the "poor"? Aren't the poor, by defnition, without significant wealth? No, the bailouts were more along the lines of the government and various privileged wealthy insiders stealing from the middle classes and unborn future generations.

Thu, 04/14/2011 - 15:25 | 1169874 Herd Redirectio...
Herd Redirection Committee's picture

The middle class and unborn future generations = poor, relative to the people who stole the wealth, isn't that right?

Thu, 04/14/2011 - 20:01 | 1170866 sun tzu
sun tzu's picture

George Soros and T Boone Pickens = poor, relative to Bill Gates and Warren Buffett, isn't that right?

Thu, 04/14/2011 - 20:03 | 1170867 sun tzu
sun tzu's picture

George Soros and T Boone Pickens = poor, relative to Bill Gates and Warren Buffett, isn't that right?

Thu, 04/14/2011 - 15:35 | 1169903 SilverBaron
SilverBaron's picture

What would get you richer: stealing one million dollars from a rich guy, or stealing one dollar from each of three hundred million poor guys?

Thu, 04/14/2011 - 15:56 | 1170017 cxl9
cxl9's picture

I suppose it would depend on the transaction costs.

Thu, 04/14/2011 - 16:37 | 1170207 SilverBaron
SilverBaron's picture

There are no transaction costs, remember you are stealing.  Besides if there were transaction costs you would just put those on to the people too.  Call it delivery or transmission tax like they do on the electric bills.

Thu, 04/14/2011 - 15:57 | 1170023 mick_richfield
mick_richfield's picture

Come on, man, my head is still hurting from the damn captcha!  Negative numbers!  WTF?!?

Thu, 04/14/2011 - 16:27 | 1170157 Central Bankster
Central Bankster's picture

Bottom line is counter party risk.  With physical, there is no counterparty.  With any form of paper, any government can steal your "rights" or your claim of ownership.  Pan American Silver has a responsibility to defend their property interest (and that of their shareholders) by all means necessary.  They should consider hiring a private security force to defend their interests.

Thu, 04/14/2011 - 20:08 | 1170883 Bicycle Repairman
Bicycle Repairman's picture

Yeah.  Here you go "Central Bankster".  Here's your gun.  Go get 'em, tiger!

Thu, 04/14/2011 - 23:23 | 1171308 Central Bankster
Central Bankster's picture

And when the rule of law and private contracts breaks down, what should one do?  You clearly are the type to grab your ankles rather than fight for your rights?  Scum.

Thu, 04/14/2011 - 14:29 | 1169641 CrazyCooter
CrazyCooter's picture

I wonder if this means that Obama will invade Bolivia ... you know, to protect the people...

"Tonight Pinky, we take over THE WORLD!"



Thu, 04/14/2011 - 14:43 | 1169694 spiral_eyes
spiral_eyes's picture

morales is obviously murdering his people, time for operation falcon punch.


longer than long john silver, bitchez


also btfd for svm, slw, hl, etc

Thu, 04/14/2011 - 15:26 | 1169885 Hugh G Rection
Hugh G Rection's picture

Who gives a shit what Bolivia does, silver is going parabolic anyways. 


If they nationalize their coke production then I'll worry.

Thu, 04/14/2011 - 22:18 | 1171132 mt paul
mt paul's picture

who gives a shit 

what obama does.. 

long silver

Fri, 04/15/2011 - 02:02 | 1171544 Xibalba
Xibalba's picture

COEUR D’ALENE, Idaho--(BUSINESS WIRE)-- Coeur d’Alene Mines Corporation (NYSE:CDE - News)(TSX:CDM.to - News) today announced that it has received assurances from the Morales Administration in Bolivia that its San Bartolomé mine is not subject to any proposed nationalization in Bolivia.

“During a meeting Thursday with Bolivian Mining Minister Jose Pimentel, the Minister assured Coeur Manquiri and members of the Federation of Mining Workers Trade Union (FSTMB) that Manquiri will not be nationalized,” said Humberto Rada, President of Coeur South America and Coeur Manquiri, the subsidiary of Coeur that operates San Bartolomé.

Coeur has maintained that its property rights at San Bartolomé are not the subject of expropriation. The Company operates the mine in Potosi where title already belongs to Bolivia and backed by Presidential Supreme Decree.

All surface mining and silver production at San Bartolomé are operating as usual. The labor unions working with San Bartolomé management have openly denounced any nationalization and expressed their support of Manquiri as have the mining Cooperatives in Potosi, who are a strong social and political influence in Bolivia.

Thu, 04/14/2011 - 14:05 | 1169539 tmosley
tmosley's picture

Where's Francisco D'Anconia when you need him?

Thu, 04/14/2011 - 14:10 | 1169563 colddirt
colddirt's picture


Thu, 04/14/2011 - 14:12 | 1169570 Dagny Taggart
Dagny Taggart's picture


Thu, 04/14/2011 - 14:16 | 1169581 Temporalist
Temporalist's picture

In theaters tomorrow.

Thu, 04/14/2011 - 14:15 | 1169583 tmosley
tmosley's picture

Not in Lubbock :(

Thu, 04/14/2011 - 14:20 | 1169593 Temporalist
Temporalist's picture

I thought everything was bigger in TX...even the movie theathers (or is that only the mega-churches).

Tmos if I were in Lubbock next time I was in TX I'd take you out for some suds.

Thu, 04/14/2011 - 14:36 | 1169680 tmosley
tmosley's picture

We've got two large theaters, and they are building a mega-theater now.  But none of them are showing AS.  It's a travesty they aren't opening it to a larger release.

I have a feeling that before long, I'll be able to amble into the completed mega theater, buy a beer, and get the whole complex as change.  Then I'll screen the full trilogy, and invite the whole ZH crew for beers (the mega-theater has two bars in it--awesome).

Thu, 04/14/2011 - 14:50 | 1169735 long juan silver
long juan silver's picture

Lubbock! It's no wonder you're miserable.

Thu, 04/14/2011 - 14:55 | 1169771 tmosley
tmosley's picture

Awww, does the butthurt faggot not like the second lowest cost of living college town in the US?

Thu, 04/14/2011 - 15:19 | 1169849 long juan silver
long juan silver's picture

Can't you have a conversation without introducing your sexual proclivities? BTW I live on a beach that has palm trees.

Thu, 04/14/2011 - 15:24 | 1169868 tmosley
tmosley's picture

lol, you don't even know what you're talking about.  Why don't you get out of here.  And stop coming back with new names, you idiot.  You don't fool ANYONE with that schtick.



Thu, 04/14/2011 - 17:47 | 1170492 akak
akak's picture

Was that Mothman, or Balding_Snails?

Thu, 04/14/2011 - 17:54 | 1170523 tmosley
tmosley's picture

William the Bastard, and his innumerable other sock puppets, all the way back to "MeTarzanUjane", at least.

Thu, 04/14/2011 - 17:56 | 1170529 akak
akak's picture

Pathetic, worthless piece of shit lowlife trolls.

They deserve to be shot.

Thu, 04/14/2011 - 15:15 | 1169828 CrazyCooter
CrazyCooter's picture

I was born in Texas and lived there most of my life. I can't express how great the people are (native Texans) and what a wonderful environment it is to work (taxes, etc).

People can Texas bash all they want, but it doesn't change the facts.



Thu, 04/14/2011 - 15:21 | 1169864 long juan silver
long juan silver's picture

I love Matamoros-Reynosa-Monterrey area. You like thrills? Ever wonder what kind of man you really are? Go there some weekend. Leave the wife and kids home.

Thu, 04/14/2011 - 15:34 | 1169916 CrazyCooter
CrazyCooter's picture

So you cherry pick a fairly small area, which lacks security primarily because our govt would rather invade other countries than secure our own borders, as being representative of the the second largest state in the union?



Thu, 04/14/2011 - 15:59 | 1170033 Shell Game
Shell Game's picture

Lived in Texas for five years. Absolutely loved it.

Thu, 04/14/2011 - 20:39 | 1170932 Rick64
Rick64's picture

Thats in Mexico not Texas.

Thu, 04/14/2011 - 15:55 | 1170004 I Got Worms
I Got Worms's picture

Git yer guns up!

Thu, 04/14/2011 - 16:03 | 1170052 AR15AU
AR15AU's picture

I didn't know...  just got tickets... thanks

Thu, 04/14/2011 - 14:34 | 1169652 AldoHux_IV
AldoHux_IV's picture

Well done sir.

Thu, 04/14/2011 - 14:43 | 1169711 mick_richfield
mick_richfield's picture

At a party ?

Thu, 04/14/2011 - 14:06 | 1169542 Rektors
Rektors's picture

First post...

Thu, 04/14/2011 - 15:37 | 1169920 The Profit Prophet
The Profit Prophet's picture

You've been registered for 25 weeks without a post!!!......I wish I could junk you twice.

Welcome to "The List".

T.E.I.N. everyone!

Thu, 04/14/2011 - 14:07 | 1169548 NOTW777
NOTW777's picture

questionable selloff in other miners with no risk to bolivia situation

Thu, 04/14/2011 - 14:15 | 1169575 Cash_is_Trash
Cash_is_Trash's picture

No wonder CDE is tanking.

Thu, 04/14/2011 - 14:23 | 1169606 NOTW777
NOTW777's picture

i think their san bartolome mine did 6.7 mil ozs last year

Thu, 04/14/2011 - 14:32 | 1169644 Cash_is_Trash
Cash_is_Trash's picture

Wonder if we'll punch through $42 on this fine day.

Thu, 04/14/2011 - 14:27 | 1169633 JuicyTheAnimal
JuicyTheAnimal's picture

How much silver is owed to SLW from Bolivia mines?  Is this what's holding their share price back?

Thu, 04/14/2011 - 16:40 | 1170235 Piranhanoia
Piranhanoia's picture

guessing that the rise of metal means collapse of paper. He has a country without paper, being pronged by Bechtel. Water next.  Might even be why Evo took control like Iceland did. He appears to get it.

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