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Silver Screams To Best Day In 5 Months; Up 11 Days In A Row
Silver's 4.4% rise today - back above $21 for the first time in 3 months - is the largest single-day surge in 5 months. While gold has been making the headlines, silver has risen 11.9% with no down days in the last 11. This is the best 2-week run in 6 months as the Gold-to-Silver ratio has collapsed from over 65x to 61x today.
Quite a day for silver...
Gold-to-Silver ratio back to trend...
We suspect the almost record shorts in Silver are feeling the squeeze...
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And silver eagle premiums are still above 20%... we got a ways to go, friends.
My battered wife syndrome has me looking over my shoulder expecting a beating any second. Refreshing to see the advance, but gotdayum.
Looks like dumping my BTC and scooping up Ag was a good idea. Who woulda thunk it?
SILVER, BITCHEZ!!!!
Man I've been waiting a long time to say that again.
Au/Ag ratio at 61.54 and dropping. Watch out at 57!
I'm "Gold BITCHEZ!" as much as anyone else but when you guys use words like the ratio "collapsed", isn't that being a little overdramatic?
yeah let it collapse to 16 to 1....
It's about time the fake silver market did something.
...and over to the real Bitcoin market at Mt. Gox?
Real and shitty are two different things. But fonestar can think of many things that are both real and shitty simultaneously.
Well, that comment explains a few things. Having a smelly dick does put a new perspective into your ass backwards investment strategy.
What ass backwards investment strategy would that be? The one that got fonestar into $16 BTC?
Gold and silver will eventually flow out into ethereal things anyway, primarily title as in shares, property, loans, etc, etc. You had better correct this error in judgement (nonsense about only trusting tangible items) and buy your Bitcoin today.
Keep smokin' that Bitcoin crack. No hope for your Hopium ass, fersure.
Natural selection is a bitch.
Sliver gains 11.9 % in 11 days. BTC loses 50% of it's value in 7 days. I better sell my silver and buy BTC before I lose my shirt. Right?
Queue fonestar with the btc/ltc ratio. Though I made money in crypto, it's quite lame and uber-manipulated. Stack on.
LOL, missed it by thaaat much.
Creepy timing.
You think the cryptos are manipulated? ROFL!
Yes. Once banks got whim, wham! I usedto think btc was going to be a major player when global capital controls are implemented. It might still, but I prefer the "ching" sound that phyz makes.
fonestar actually believes that the cryptos trade classic patterns and you don't need to be brilliant trader to figure out. Stop buying when you see them starting to go vertical, wait for them to crash 50 - 60% and buy some more.
you never cease to amaze me fonestar. As soon as I think you have said the dumbest thing I've heard all day you pull this our of your hat.
AND TOTALLY REDEEM YOURSELF!
http://www.youtube.com/watch?v=UnkefjCES-4
" I traded all my silver for BTC straight up"
One single Bitcoin will someday buy all of the metal that the users on this forum spent years stacking.
FONESTAR CORRECTION.
If you can convince a retarded mogoloid helmet wearing special school bus passenger to part with his lucky wartime nickel, you might have a deal.
If there is a gaudy physical representation of a Bitcoin to hand over to him.
Otherwise, you are gonna get kicked in the nuts for trying to scam a retard for his lucky nickel.
I am pretty sure when the Zombie apocalypse finally hits your BTC wont buy you shotgun shells but my silver will.
To my knowledge section 19 of the Coinage act of 1792 has never been repealed or amended thereby members of the FED as well as our elected officials for the last 100 years are guilty of felonious treason under the terms of this section. Who could argue that our money has not been debased or outright STOLEN from the American people. The Gold and Silver reserves of the United States were the property of its citizens and has been sold by thee criminal bankers.
Section 19. And be it further enacted, That
if any of the gold or silver coins which
shall be struck or coined at the said mint
shall be debased or made worse as to the
proportion of the fine gold or fine silver
therein contained, or shall be of less weight
or value than the same out to be pursuant to
the directions of this act, through the
default or with the connivance of any of the
officers or persons who shall be employed at
the said mint, for the purpose of profit or
gain, or otherwise with a fraudulent intent,
and if any of the said officers or persons
shall embezzle any of the metals which shall
at any time be committed to their charge for
the purpose of being coined, or any of the
coins which shall be struck or coined at the
said mint, every such officer or person who
shall commit any or either of the said
offenses, shall be deemed guilty of felony,
and shall suffer death.
We are going to need A LOT of ropes !!
Silver will have to shoot to $88 if it's to reach its natural 15-1 ratio with gold. But, at least it's finally heading in the right direction.
Hate to break it to you but there have been coinage acts in
1834
1849
1857
1864
1873
1965...
And you are aware that no legal defination of a dollar exists...
DOLLARS OR UNITS--each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver.
That sounds like a definition to me , fairly fucking specific !!
Also I have found no language in any of the subsequent amendments that somehow alters the VERY SPECIFIC language of Article 19
I am a product of 2 WWII military families and have been making apoligies and allowances for these criminal SOBS for entirely too many years NO FUCKING MORE !!
I will not convey the same lies to my children that were handed to me. Time to face the music and take these sociopathic scumbags to task !
Until we take the power back ( money , GOLD AND SILVER ONLY ) we are screwed.
There are the lies that we are SOLD , and there are the lies we BOUGHT
Our only shame is in the lies we BOUGHT !!
We can stand together and bring and end to this CRIMINAL theater or we can eat shit like COWARDS until we DIE.
I am tired of eating shit !
ya, they get around that by the mint porducing enough bullion to meet demand. and a murderous arsenal of thugs.
http://www.kitco.com/news//2014-02-14/Silk-Road-2-0-hacked-for-2-7mn-in-...
If you considered being hacked good, keep stacking your imaginary coins.
fonestar will. You can keep your imaginary "dollars".
You know what's better than cryptocurrency?
Cryptopussy! You can sit and rub it on your face all day wishing it was real. But at the end of the day, you're still a loser.
Can't wait for LTC/BTC to be 4:1
fonestar's been winning for close to two years with the cryptos. Who are the losers moron?
I don't care how much you think you have made off of BTC, you're still a fucking loser
fonestar is the way of the future. Imagine dealing with millions of fonestars in the real world every day.
Deal with it.
You are delusional
As long as fonestar is correct.
Re: "Imagine dealing with millions of fonestars in the real world every day."
It's already happened.
"fonestar is the way of the future"
I see your future
http://www.youtube.com/watch?v=hetaBX00wtI
Damm, I hope you are right. When all you digital warriors try to buy stuff with " The other fake fiat currency ", shit's gonna get real.
I guess you all will be good as split rail fencing material out on the north fourty.
Jerking yourself off with electrons ain't winning.
Just sayin', moron.
You must be an android, dreaming of electric sheep.
Considering two of the major bitcoin trading houses are closed due to manipulation of the flawed currency, and silkroad2 just fucked off with everyone's bitcoins, only a completely deluded idiot would say that they're not manipulated.
These are businesses, and for that matter BTC-e, BTC China and others have been just fine.
STOP! this thread is about Silver!
The flaw is in the currency not the trading house, that's why everyone is in full panic. Lying to people only makes things worse. Shame on you.
The flaw is not in the currency it was with Gox and other exchanges wallets. In fact watching the trading commentary on BTC-e during this supposed "crisis" barely anyone even mentioned it.
At least crack and meth heads know that they are addicted to their own deaths.
You all just keep shining on that crazy Bitcoin Diamond, Fonestar.
Guys like you is why they bury people six feet deep.
Why ?
Because, deep down, they are good people.
You are doing a fine job with your bitcoin shovel there, Pilgrim.
How about hanging up the fone, and go play a video game for awhile, okay? thanks.
With patientce all things are possible. Even the truth.
I'm waiting for 30. Edit: G:S that is.
How about the natural 15 to 1. ;)
Bingo Boarder...
Sorry, it's even better than that, more likely 9 to 1 :D
http://oilprice.com/free-widgets
look for Precious Metals Production
How about the 1:3 above ground stock? Or the 10:1 overshoot.
:D
As a miner I claim that the NATURAL rate should be about 10 to 1 , even 15 to 1 is a BANKER number not NATURES.
Whoops, I think I used the wrong choice of word there. 'Historical' was what I was looking for. 9-10 to 1 is the physical ratio in the crust, but the stuff had been traded at closer to 12-15 to 1. As you, Argento, and Meelion note, it's a banker's number or by mandate, but not past unreasonable margins.
The first section of Marion Butler's piece on 'Ancient Prices' shows the Au/Ag production ratio and inventory per capita from 2000BC to 2000AD.
Very worthwhile article about ancient prices in general.
edit: I've heard everything from 1:1 to 20:1 about the Silver/Gold crust ratio. I think 10 is close to the truth.
Good definition of crust GOLD/SILVER measures of rarity..
http://www.gold-eagle.com/article/how-rareundervalued-are-gold-and-silver
nothing natural about 15:1 - that was declared law by older monarchies & such, just another kind of fiat declaration.
Crustal abundance...
Unconfirmed & what's reported is by old techniques. I think some more careful analysis is needed before a 15:1 ratio can be declared. The kind where you scan the ground with something that can detect silver & gold in the ground from far above, like a plane or satellite.
<--- I'd rather own silver
<--- I'd rather own gold
<--- I'd rather own both
It would appear the overly bloated toadstool Gartman dropped a junk on you.
Either that, or someone has really bad aim with the mouse.
Gold - Silver - Bitcoin
Gold silver platinum fixed it for you
Lets see you spend your shitcoin anywhere away from a computer. If you can't hold it, you don't own it.
GOLD... Everywhere you want to be.
Watch out at 2 to 1
silver at anything under $50 is a centrally planned (Fed=JPM=CRIMEX etc) rigged synthetic price supression....
"SILVER, BITCHEZ!!!!"
Indeed.
I dumped my silver at 18 then bought bitcoin at 1000, I sold it at 600 for some magic beans. I'll show you fuckers.
( not you, but I'm evening the stories out because there is always the guy who times the topsa nd bottoms perfectly so I'll play the hard luck case today ).
People who perfectly time markets don't generally spend their time in the comments sections of articles. Anyone who says he bought bitcoin at $6 and sold it exactly at $1300 is a liar.
Those magic beans can be real winners; so I hear. Let us know how that works out.
Not so much. BTC is up 11% today, while silver is up about 4.5%.
I literally told you so. Mt. Gox is collapsing in a manner that will presage the collapse of the COMEX, which will make a lot of physical silver owners into multimillionaires in today's terms.
for something with zero backing of any sort, having an up 11% move vs a down-50% move previous is no compensation.
1.11 x 0.5 = 0.555 = loss of 44.5% from the 1200 high. It's toast, d00d3z.
I don't know what that means, but I know what it means...
It's amazing to see people rationalize bad decisions.
"Sure my investment lost 50% of its value yesterday, but it's up 11% today so all is well!"
They're cult members. "The global warming is making it snow ! " And, so forth. it's a regular human function; one of the many defective ones.
Haha that's how I am with my miners. "Sweet I'm up 10% today!" Followed quickly by "oh, right, they are still worth 20% less than I paid for them....shit"
well you could of doubled up with agq and slw options at the start of the year. :).
Silver bitchez.
Yup. I was all on top of the AGQ options earlier. NOW I'm not sure: the split has meant that only the old agq1 tickers look decent, for 2016, I don't like the premiums I'm seeing on the new 65-atm-strikes and how it's changed since the split. I know it's proportional but the actual dollar risk of a strike 19 agq1 for 2016 jan is not the same as one for strike 75 post-split
There will be a severe monkey-hammering before month end. Sad to say, but true.
who cares if it aint real....
"do you think that it is air that you're breathing...?
Morpheus
Bring it on. I'm a dedicated dip buyer.
Why we can expect Gold and Silver prices to go higher ? 2 words , MARKET SHARE. So many trillions in fiat chasing after a few hard assets.
KEEP STACKING
I am actually hoping for a dip so I can buy into it.
Hallelujah hallelujah hallelujah
Hallelujah hallelu-u-u-ujah
Silver is sweeeeet.
Make yer purchases soon. It's gonna gain some steam.
By far my favorite physical silver product
http://www.providentmetals.com/100-oz-rcm-royal-canadian-mint-9999-silve...
Those are perty.
My Silvertowne 10 oz Buffalo bars are a bit rough around the edges. I assume they are from shaving the edges to hit the 311 gram spec.
I have some of those too, always wondered about that. They are very well made, graphics wise. That makes sense though.
You can get free shipping from Silvertowne if you buy their brand bullion. Nice stuff.
hey oscar...
how was your purchasing experience with them...?
you know shipping timelyness and the whole lot????
Provident has the best silver prices so I would recommend them for any silver purchases. I pay with personal check which they put a 5 day hold on until it clears. Then your order goes into a shipment queue for another 5 days. Bottom line: delivery is slow if you pay by check, but again, easily the best prices. For gold, JM Bullion has the best prices
thanks ....
I know that you did not ask me, but I sent them a few checks. My orders took a couple of weeks to ship. They have to wait for the checks to clear, usually about 1 week. Then I'd get my purchase 7 to 9 days later. Their prices and free shipping made it worth the wait. I usually compare them with Gainesville and apmex before buying. So far Provident has been less expensive and I have had no issues getting my order. I like them.
They also have specials like $5 dollar shipping. Hard to beat when you are buying silver.
Provident is pretty much my go-to now, besides the local shop, which is running low...
Never had a problem with them. I do the cash discount thing, takes longer, but saves a few fiats.
If this is for real, we are going to see some UN-availability of Fizz pretty soon...
and thanks....
Still $21 that is chump change, it should be in the $30s++.
Never confuse what is and what should be...
It can be an expensive frustrating lesson...
....see gold X 5 years.
Silver should not be in the "30's"... it should be in the 300's!!!!
Silver is exactly as it should be. In ounces.
Measuring anything in Fed Notes is but a fool's game.
thanks, was about to say the same thing. informative piece by Martin today on the "unit of account" aspect of money:
http://armstrongeconomics.com/2014/02/14/understanding-the-unit-of-account/
Saint Patrick upon traveling to Ireland, discovered that the unit of account was a slave girl. That did not mean you dragged a bunch of girls behind you to go shopping. What it meant was that this was the UNIT OF ACCOUNT that was being judged and everything else was valued in proportion to the value of a slave girl.
I measure the PMs vs oil, not fiat...
I merely hope that they hold up against oil... A tube of Kruggerands is a helluva lot more portable than a small tanker truck....
Damn, at first I thought your post read "a tube of Krugmans". Not that he doesn't belong in one floating out to sea somewhere.
just a lesson in knowing the power that owns this game........now you know......when they're finished with silver.....you will have wished you had bot every oz you could afford at these levels.
we have seen these rallies before in stawks/pm's. they were always a run up to a QE announcement. this is weird.
buy on the rumor...sell on the fact.
And I SHOULDA shot 76 on the golf course yesterday. Take away that 3 footer on 18, the tee ball in the water and the breakfast ball out of bounds and I'm right there!!!!
Should be well over $100
finally some action!
Could it be that the banksters have finally lost control? Stay tuned...
http://www.kitco.com/news/2014-02-14/Concerns-of-FX-Rate-Manipulation-Pr...
The HELL, you say !
No. Just a little bait... then the price will drop again...
Yup, as soon as the CME Group raises margin requirements.
They are controlling the rise. Bet on it. It just isn't "in-your-face" like all the others of the past few years.
Wake me up when it gets to 40 or so...
So, you're buying here then, right?
Stack it up bitchez...
I picked up 1,000 shares of SLW....
I know, not the answer that people want to hear, but I think that more upside is there, esp. given the premiums...
Watch RBY.... Possibly the finest undeveloped property in a politically safe country.... 4 million of so oz (IIRC) at 18 grams a tonne...
I have been waiting for 4 months to buy SLW. My bank has screwed up my pension transfer, and the funds remain un-available.
I'm glad I was able to pick up some NDM at $1.50
no way, I'm waiting for $150, and if it hits that price, I'm not selling at all because it'll be money again.
Al Huxley made this all possible. Alhuxley Shrugged
I bought 100oz of phz on Wednesday!
I'm just astounded there is still phyzz available for us plebs. :-)
Nobody seems to care about "collectibles."
Walk into a coin store, and I bet you'll easily be able to tell the buyers from the sellers. Handful of older guys will be the only buyers, and everyone else will be there with junk metal in hand.
Not in my area. the younger all buying and the older selling.
The dealers are on a waiting list. If you buy today, I guarantee you it was from last months waiting list.
funny these damn dealers keep telling me they want $26 for an ASE. I keep explaining that the tee vee says $21...
Hope the silver shorts are CRUCIFIED... as in the devil scum at JPM...
If this is merely short covering, the rally won't go much longer. Nobody short silver would have gambled to see prices go much lower than $20. I suspect most shorts are covered and dumping into the rally. It's a paper game.
I want to believe this is short covering due to real buying.
picked up my 400 ounces from Mike Maloney's GoldSilver.com at the post office yesterday...
dude behind the counter had trouble lifting it...
the other brother behind the counter who kind of knows me asked what the hell could be so heavy in such a small box...i just smiled at him and said "auto parts"...
his facial expression was like" get the fuck outta here...."
KEEP STACKIN...............
"boat anchor"...
I likes to mail-order lots of lead fishing weights.
I like to mail-order brides. Good commodity after the crash.
i say the same thing about my Ammo purchases....the lady smiles and says "sure"
UPS folks really love delivering monster boxes.
Fishin' weights!
I would have gladly exclaimed whats in the box.
Let the sheeple know they are about to be fleeced. I like the crazy looks I get because validation is SWEET.
you do know that postal workers have been known to steal - right.....?
One. Gold Silver/Ampex/Silvertowne/etc all insure their deliveries.
Two. Once it's in my hands, good luck taking it.
I had UPS deliver a couple of 400 ounce purchases (<$10k) to my office.
The delivery man broke out the dolly for a 8" x 8" box. Too funny.
i hear ya man...just sayin.
better kept to yourself...
know dudes who got jacked cause a postal worker found out what was in his shipments and farmed out the robbery to people on the outside...as shit gets more desperate so will the actions of others left behind...
better to be cautious and quiet.......my evangelical days on why everyone should have real money r far gone....
Good points.
I've had 3 deliveries to the office this year. A few of my coworkers know whats in the box, but they all scoff and preach about their 401K making bank.
Plumbing supplies.
Should have told him depleted uranium.
Yeah the postman was not happy delivering several monster boxes of silver Eagles several years ago. Sure made the canoe tippy.
don't forget to use your EBT card for delivery.