Silver Screams To Best Day In 5 Months; Up 11 Days In A Row

Tyler Durden's picture

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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Canadian Dirtlump's picture

My battered wife syndrome has me looking over my shoulder expecting a beating any second. Refreshing to see the advance, but gotdayum.

StacksOnStacks's picture

Looks like dumping my BTC and scooping up Ag was a good idea.  Who woulda thunk it?

Buckaroo Banzai's picture

SILVER, BITCHEZ!!!!

Man I've been waiting a long time to say that again.

TeamDepends's picture

Au/Ag ratio at 61.54 and dropping.  Watch out at 57!

Mad Mohel's picture

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?

SmallerGovNow2's picture

yeah let it collapse to 16 to 1....

fonestar's picture

It's about time the fake silver market did something.

Crash Overide's picture

...and over to the real Bitcoin market at Mt. Gox?

fonestar's picture

Real and shitty are two different things.  But fonestar can think of many things that are both real and shitty simultaneously.

SILVERGEDDON's picture

Well, that comment explains a few things. Having a smelly dick does put a new perspective into your ass backwards investment strategy. 

fonestar's picture

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.

SILVERGEDDON's picture

Keep smokin' that Bitcoin crack. No hope for your Hopium ass, fersure.

Natural selection is a bitch. 

Lionhearted's picture

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?

SoberOne's picture

Queue fonestar with the btc/ltc ratio. Though I made money in crypto, it's quite lame and uber-manipulated. Stack on.

NotApplicable's picture

LOL, missed it by thaaat much.

fonestar's picture

You think the cryptos are manipulated?  ROFL!

SoberOne's picture

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's picture

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.

silverserfer's picture

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"

fonestar's picture

One single Bitcoin will someday buy all of the metal that the users on this forum spent years stacking.

SILVERGEDDON's picture

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.

Lionhearted's picture

I am pretty sure when the Zombie apocalypse finally hits your BTC wont buy you shotgun shells but my silver will.

manofthenorth's picture

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.

manofthenorth's picture

We are going to need A LOT of ropes !!

J S Bach's picture

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.

Flakmeister's picture

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...

manofthenorth's picture

 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.
manofthenorth's picture

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 !

silverserfer's picture

ya, they get around that by the mint porducing enough bullion to meet demand. and a murderous arsenal of thugs. 

 

superflex's picture
Silk Road 2.0 hacked for $2.7mn in bitcoin

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's picture

fonestar will.  You can keep your imaginary "dollars".

Mad Mohel's picture

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.

shitco.in's picture

Can't wait for LTC/BTC to be 4:1 

fonestar's picture

fonestar's been winning for close to two years with the cryptos.  Who are the losers moron?

dogbreath's picture

I don't care how much you think you have made off of BTC,  you're still a fucking loser 

fonestar's picture

fonestar is the way of the future.  Imagine dealing with millions of fonestars in the real world every day.

Deal with it.

fonestar's picture

As long as fonestar is correct.

Lore's picture

Re: "Imagine dealing with millions of fonestars in the real world every day."

It's already happened.

silverserfer's picture

"fonestar is the way of the future" 

I see your future 

http://www.youtube.com/watch?v=hetaBX00wtI

SILVERGEDDON's picture

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.

SILVERGEDDON's picture

Jerking yourself off with electrons ain't winning. 

Just sayin', moron. 

You must be an android, dreaming of electric sheep. 

XenoFrog's picture

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.

 

fonestar's picture

These are businesses, and for that matter BTC-e, BTC China and others have been just fine.

Crash Overide's picture

STOP! this thread is about Silver!

XenoFrog's picture

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.

fonestar's picture

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.

SILVERGEDDON's picture

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.