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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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Agricultural machinery parts.
Had an order delivered years ago, it may or may not have been a monster box and as the Postman hefted it he said, 'what's in HERE?'
Knowing the postman is an agent of the state, I cleverly lied and exclaimed, '500 rounds of fifty caliber'
Ha! RafterMan wins again
I live out in the sticks so the UPS guy is always the same. When my monster box showed up he said the same thing, "what's in here"?
I said "freedom".
He delivered a thousand rounds and said again, "What's in here"?
I said "liberty".
Hahahaha cnbc just showed the close of the PM markets and they put up silver and showed it red around $19....fuckin funny.
same shit on Fox...
gotta love the free and unbaised Financial Lamestream Media...
fucking presstitues.....
They're just trapping the shorts. THe shorts will shart their shorts when they see Monday's open!
Why have any MSM on at all? Dissemination of propaganda and distraction is their whole reason for being. Why even give them the rating?
Love the smell of desperation in the afternoon. http://educate-yourself.org/cn/billwhitlepoliticallycorrectnarrative09fe...
I know. It smells like "Victory!"
What can I say, it takes a solid effort to maintain such a standard of credibility.
gold/silver ratio still has no meaning. It’s the exponential equation that matters.
Ln(silver)-goldx3/2635 should be at 19/12 or around 1.583 but it’s still only at 1.5623 right now. This curve is not a linear ratio but it is indeed the real pattern of gold & silver price matching. If there was a meaningful gold/silver ratio this curve wouldn’t exist. http://flic.kr/p/f17z1s
Hm, apparently 2 people are math retards. Go on, show me your elliot-waves, numbnuts. It's nonsense with NO math & no prediction.
So there appers to be an empirical relationship, but without understanding what is driving it means it is nothing more than astrology...
You should plot it using a log scale for the gold price. Also, the R^2 doesn't mean nearly as much as you think as you likely have not used any error information in performing the fit...
Finally, you should look at the silve price residuals (predicted - actual)....
I know, I'm in Linux and the data at freestockcharts.com requires Silverlight in WINDOWS to get it. It's on my to-do list. It looks to me from eyeballing it the R2 should be over 0.90 but until I churn out the chart that's not legit.
It's NOT astrology, hence the reason I post the overlay chart for people to see. This relationship is for the short-term and will change but likely better for silver rather than poorer. If you want to know what's driving it you need the data from CME, COMEX, NANEX & to see the insider-trading & gold-swap deals from central banks. Some of this data is guarded with guns, to be honest.
The proper R2 would be from the difference of the projected USLV price from back-testing vs the actual USLV price, using silver as the input to project USLV.
It's coming but of all things I went to a valentine's singles dinner for the office last night instead of charting .... hmm... not entirely sure that was a better use of my time. When we got to the bar & it was mostly old people, I had a bad feeling right away.
As for gold vs silver, rather than silver vs USLV, I got that one covered. This is what the relationships look like over 10 years: it could accelerate FAST above the usual 2x relationship on a sharp rise as did the 20-to-50 price-change regime for silver (vs gold) spot (usd): http://flic.kr/p/f5bHkJ
but short-term, weeks ahead, the trend I posted for http://flic.kr/p/f17z1s most certainly applies.
Data, 10 years:
www.fxhistoricaldata.com/download/XAGUSD?t=day for daily prices, silver, USD
www.fxhistoricaldata.com/download/XAUUSD?t=day for daily prices, gold, USD
Got Silver? Bitchez!
Still waiting for the 16 to 1 silver to gold ratio...
stop then...
and just keep getting more....
when it gets back to the historical you'll be preoccupied shooting at mother fuckers that r trying to take not just your real money but everything else including your life....
I'm not worried, but they should. Claymores in the trees.
Claymores(M18A1) are sweet, and very collectible!
start thinking about switching to gold below 55.
very likely...
convert silver to gold at ~ 30:1
ROFOFOA agrees.
Don't worry, it is coming! Remember! Judas got 30 pieces. He bought an entire farm with it.
(Hence the term "He bought the farm"!)
Oh short specs, how could you not see this coming?
Fear not, Best Buy has a sale on rope this weekend. For you to hang yourselves with after losing all of your, and most likely somebody else's money.
Happy swinging!!
Gimmee a break. This is Zero Hedge here. The only rope we need is to hang those greedy bastards when the whole thing blows up. Relax dude! BTW, pitchfork futures are doing well today.
Until the Fed and/or the Dollar disappears, there is no free market. These are paper games in a paper world. Not to be confused with a real market where low supply meets higher demand equals higher prices. None of that is happening here. The gold and silver tops during the last 5 years were the results of pure gambling.
Buy physical to secure your family's wealth in this generation or the next. Unlike your family's stash, the Fed and its Dollar will not last forever. That is guaranteed. People in the EM know this better than our own people which is why they're stacking against the already realized demises of their own nation's fiats.
It's not just silver and gold, it's crude. so here is the question. The fed is tapering and wants to show that the markets can stand on their own two feet because the economy is imporoving (it's not). Does the fed really have the ballsack to set off a commodity rally to back up this fake theme? I would have said hell no.
Don't think that's a even a consideration. They know the past 5 years have seen the worst misallocation of capital all around the world. Commodities had seen their days in the sun during that time when China for example was pumping out ghost town after ghost town. They churned through so much concrete, steel and energy during that time it's going to make a grown man cry to realize it was all for naught. IF they drive up the commodity sector than only to curb demand and speculation because it will become more and more expensive to just waste money on buildings that never return any revenue. China is drying up, demand is way down. Just talk to the miners in Canada or Australia. What we've seen in terms of demand from China over the past 10 years in the runup to the Olympics and then the construction boom with cheap credit after, that is OVER.
so if we agree it's not even a consideration, then what gives?
Actually, one could argue that the past 5 years is the inevitable result of a somewhat earlier misallocation of capital...
What you are seeing is the cost of our economic sins (not that anything would have otherwise different...)
Things are getting started this time.
Metals, seeds, food. Only things to keep value this summer.
oh, and prayer of course.
http://www.thewarningsecondcoming.com/messages/all-messages/
We're going to need a lot more prayer here.
It's about time an ounce of precious metal can buy more than a fucking pizza.
Yeah, now you can add crazy bread or a 2 liter of your favorite carcenogenic sody-pop.
I'm holding out for a cheese-stuffed crust.
Or is that a silicon crust?
http://rense.com/general69/gotpz.htm
I spent a crazy amount of bread on silver today.
But, both silver and pizza only cost $5 to dig out of the ground.
No to mention the fact that pizza, as we all know, is a barbaric relic with no intrinsic value and no ROI. What use is it?? Some time in the future people will go through the detritus of this age and discover the tattered remnants of pizza boxes along with a crust or two and will exclaim: What fools! What were they thinking, investing in such stuff?
This will be interesting spring for sure.
http://www.youtube.com/watch?v=lTNHs9YN2_Y
http://eclipse.gsfc.nasa.gov/redirect/index.html#tetrads
I don't know about anyone else here, but I'm getting a little scared. There hasn't been an "In-Your-Face" manipulation in two days. I'm not saying they aren't controlling the rise, just that it hasn't been "In-YOUR-Face". Something is going on that we just can't see presently. When gold/silver go to the moon, it's game over! The global repercussions will be horrific. "Battle stations" everyone! This may not be a drill!
Time to short silver, shut down the computer, and turn on the TV. By 10am Monday, the price will mysteriously drop 10%, and everything will be back to normal. /sarc
Methinks it could be related to the ongoing investigations of manipulation in the FX and commodities markets....and may have some relationship to the rash of 'suicides' in the banking world (just supposition). The monkey hammering has certainly stopped and is even heading in the other direction....maybe they just got tired or ran out of QE funds....who knows?
.....or perhaps "they" are Lurking.
Silver below $30 is a freakin giveaway. The only reason there is any in the shops is the mind-numbing propaganda blinkers pulled over the sheeps' eyes.
Wake up you silly geese!
This is your last big chance.
I'd say more like mind-numbing manipulation. The propaganda is merely the plausibility icing on the cake.
Well put and quite applicable....
We're one Sandy Hook away from instant sellout with no resupply in sight.
I love that fewer than 50K citizens of Connecticut complied with the new "law" requiring registration of their "assault" weapons by Jan 1st. It's estimated that up to 350K such weapons may be in the state, which just minted itself a great number of felons(according to them).
My dimes in jars at the bottom of the lake might be worthwhile to find soon.
Agree 100%.
That's why I scored moar Pandas today; who knows when the fizz shortage is gonna hit big time?
Were not the US and Canadian mints running three shifts last month??
Pandas under 30$, hoowhahaha!
I think there is a corollary somewhere with all these bankers checking out and the wired shit happening and now silver..this shit is unraveling...muhahahahaha Jump Fuckers!!
USLV = silver 3.92 / 2773 for today, not bad, a 12% jump on barely a nudge to silver, with silver still lagging what it could be with gold.
Gold at 1318, silver as e (1318 x 3 /2635 + 19/12) for the trend, silver could be 21.84 but isn't. It's close at 1.56 for that factor instead of 19/12.
Awww poor babies: 2 math-tards gave me a -1, bring it on bitchez. I can do math, you can't. It's not an opinion, it's MATH.
http://flic.kr/p/f17z1s
http://scharts.co/1jotU9E
You stupid fuckers. Go and play with your elliot-waves and cup-and-panhandle-at-the-curb patterns.
But the melt value of my nickels is still only 4.5 cents.
http://www.coinflation.com/coins/1946-2007-Jefferson-Nickel-Value.html
Hang on to them, it's only a matter of time before the metal composition gets changed just like 1964 silver and 1981 pennies, Gresham's Law.
I bought a $1000 worth of them in boxes from the banks when they were worth more than 5 cents. No reason to sell them though.
Don't worry my pretties. The trolls will come over here, see all the happy happy joy joy and smack the bitch down again.
Promise
Dear Haters,
Eat a bag of dicks.
Thank you,
HamRove
Bitches!!
Haters go home! PMs Rule!
Blythe, you ignorant slut! Get to your docking station and suppress this shit!
I'll tell you what...I had been watching the NUGT and the brand new JNUG etf's since December when they bottomed. I shoulda grabbed them then. Since their bottom in December NUGT has doubled to 50/share today and JNUG has tripled to 40/share. JNUG was at 13/share at the end of December.
I grabbed more phyzz instead of buying etf's all this time, but if I would have just grabbed 10 shares of JNUG in December I would have trippled my money and could have still bought silver phyzz for only a dollar more per ounce since December. Crazy!
What's even crazier is that NUGT at it's top back at the top of the silver and gold highs 38 months ago was at 2400/share!!! Today it's at 50!!!
I just grabbed me 1 share of NUGT and 2 shares of JNUG a few minutes ago. The bottoms are in in the PM's and miners...yes, there will still be big swings up and down on the way up, but it's definitely looking like the Bull is on the loose now, folks.
Those 2 etf's are 3X Bulls...so yeah there can be big drops, but also massive rises.
The JNUG is such a new etf that it's only been out for 5 months. I think it opened back in October around 45/share and immediately dropped down to 13 by the end of December. Now 6 weeks later it has nearly retraced everything back to where it originally opened.
NUGT has gone from 2400/share down to 24/share in December. Now it's at 50/share. Just think what that sucker is going to look like again by the end of this year or in the next few years!
I wish I had enough to grab more than just 3 shares today...but I'm not a big-timer and I put most my fiat into phyzz. But I figured I missed the boat by a little bit in December, but there's still tons of upside to these two 3X Bulls.
Bought the dip... nowhere but up from here!
Yawn. I'll take BitCoin at $311 and let er rip.
I just bought one mint roll of canada Silver Maple this monday from gainsvillecoins.
25 pcs of .9999 (highest on this market) silver coin with laser marks against counterfeit.
Cost me $24 each counting in shipping and credit card expense.
Hope my grandson will appreaciate this transation down the road.