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Biggest Silver Surge In Over 3 Years
Presented with little comment - Silver - having (like Gold) retraced all of last week's losses is seeing a record-breaking move today. This jump of 6.6% is the largest since 11/24/08 - over three years ago.
Chart: Bloomberg
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Silver bitchez!
AGQ ITM calls, bitchez!
This is a classic bull trap. It's tragic to see these lemmings buy into this bubble like sheep to the slaughter. They just never learn.
##Sigh##
Classic.
TO: MillionDollarBonus
What a diappointing post to start the new year with!
Was your new years resolution to be far less sarcastic and comedic?
At 35 pounds, this green box of bubbles is sure heavy.
MDB is my favorite troll. I LOLed!
I think ZH readers sometimes miss the point of his posts ... sip it like a good single malt sarcasm.
Regards,
Cooter
:-) :-) :-)
ori
I don't find MDB funny in the slightest. People are dying because of this shitty wealth stealing system. Gold and silver are the only way out. Stop trying to be funny and start trying to be a decent human being or you may as well be a 322'er.
I assure you that if gold and silver ever become what we exchange as money far more people will die than under a paper regime.
MDB DYDD YOU ASSHOLE
http://www.stansberryresearch.com/pro/1111OILSILVD/EOILMC61/PR?o=563904&s=567974&u=52324718&l=355194&r=Milo
You do have a point. Each FED Bill contains 12.44 BTU so you can burn it to prevent freezing to death and you can cook over it too. You can't eat or burn Gold and Silver.
Yeah, far more people died before governments could put wars on a credit card....
Don't you think sarcasm should have a learning effect to it? An "aha" moment?
I mostly can't see that in MDB posts. They are just plain stupid.
I completely agree.
When one consistently spreads a particular message, even supposedly in jest, while NEVER acknowledging that that message HAS been spread only in jest, then one becomes one's own enemy, whether knowingly or not. If you don't believe me, just try telling your wife, every morning for a year, that she is fat and ugly, while NEVER telling her anything else --- and THEN try convincing her after that year that you were "just kidding".
At 35 pounds, this green box of bubbles is sure heavy. My shipping weight was 42lbs. Think we need to do a density test?
MDB is so right!!! Time to get in there and short the shit out of it!!!
Go ahead and do that.Let us all know how that works out for you.
Silver to $50 for fuck's sake!
$60 by next week
When do margins go to 100%? What do they do after margins are 100% and Gold and Silver keep going higher?
Silver, other PMs will continue to go up, go down, until the Ponzi merchants and high rollers are ready to pull the rug out and head for their Paraguayan estates. Looks like mid- to late-2012. Then, one US silver eagle will buy you maybe 2-3 days food at the local framers' market. But you'd better be wearing iron.
MDB, this is a pretty lazy troll and not the way to start off the New Year.
Come on man. We expect a little more out of you than this.
Both you and Robot need to let us in on your fantamatastic trades. I´m guessing neither of you actually do any trading but nickel and dime hobby trades that at most will pay for your Super Bowl pizza...
I am a buy-and-hold equity investor. I am happy to leave the trading to the professionals at top tier investment banks. These people are veterans and pros who laugh in the face of pathetic doomer day traders on zerohedge.
I'm laughing at all the money leaving their dirty hands
A little better, but not by much!
Are you a replacement fluffer for the true MDB has not yet returned from holiday?
"I am a buy-and-hold equity investor."
or, stated differently:
"I am a head-in-the-sand boob who refuses to believe that tomorrow will be unlike yesterday."
The turd doesn't get the sarcasm...
Actually, I think he fully understands the pointless, worthless posts of MillionDollarAnus perfectly well.
I think you are wrong, so there.
Nah, MDB must have gone through the same school as the folks that run my 205.5k, that I just happened to pull as much out of in exchange for PMs.
Nothing like a 10% a year loss on a digital account to prove stacking the last few years works.
MillionDollar(Taxpayer)Bonus - only problem with your "top professionals of top tier investment banks" is that their trading desks lose money trading ...they only make it fleecing clients and rigging markets
..er, and the Pros bonuses are taxpayer subsidised
..and the investment banks are bankrupt by the way
There fixed it... always lots to fix in your posts.. good luck with the 'Buy & Hope' strategy BTW
I am happy to leave the trading to the professionals at top tier investment banks.
...who keep silver suppressed with massive naked shorting ...which used to be illegal.
...not that you and RoboTrader seem to care.
Gold at 1600 means silver should be 100 at the traditional 16 - 1 ratio.
So who cares if it's 30 or 25? Either one is a super bargain.
If it drops to 20, fucking incredible bargain.
BTW MDB, I do expect to see a 50,000 DOW some day.
... but gas will be $20 / gal too, and the American economy will crash completely.
So enjoy those nominal profits. Your stock holdings won't be worth any more in real terms than they are today. You'll just pay more taxes :)
...and perhaps you'll be lucky enough to hitch a ride on one of the elite's jets when they flee the country during Ameica's death throes.
...since you obviously care nothing about what your banker gods' massive currency printing is doing to this nation, robbing the American people blind.
Look it's really fucking simple.
1. INSANE lies of sales reports and christmas hype bullcrap.
2. Gold and silver is going nuts.
3. Someone is about to do something really fucking stupid.
4. If you don't own gold and silver and don't buy it immediately you are fucked.
Mr.MDB, Are you the blogger on FOFOA known as Another?
Too bad your buy n hold strategy excluded you from gold's 10 year move from $300 to $1600.
Yeah, well the DOW is up 22.66% in nominal terms over the past ten years, so in real terms (inflation adjusted according to the BLS CPI Calculator http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=10134.87&year1=2002&year2=2011) that 10,143.87 DOW should be worth 12,744.92. Wait.....what was my point again? Oh yeah, DOW is at 12,099.30 now. Who's laughing now? DOW went up 22.66% and gold only went up 4,333%. SO there!!!!!
Yeah, but you had to pay capital gains tax on your profits-- where us physical holders of PM's pay nothing on our profits. Sold a 100oz silver bar yesterday that I paid $14/oz for back in 2009. Not one cent went to the tax-war machine. Cash n carry all the way. So there!!!
"They just never learn..."
yeah, we've leaned...thats why we keep hitting that red arrow...
now, knock it off Pyle.....
As opposed to a progressive bull trap?
You are much more correct than I'll bet you even realize.
This is validated 100% with your feedback by the leagues of clueless and emotional silver-holders!
T-t-t-t-toppy-top-top --- timmmmmmberrrrrr! See ya at $12.
Don't pay a lot of attention do you?
By paying attention I am sure you have noted that the only dipshits stockpiling shiny metals are seagulls and man.
Many will enter the silver position but only a very few will exit the trade.
The majority here will not (other than redefine their strategy to buy-n-hold or collectibles after they lose their asses).
You gonna pay off that Visa in silver? How about buy a gun or property like another poster? Didn't think so.
It ain't money unless it's accepted -- metals aint got it (no way no how, not all the fag dust and MSM can make it so).
Well no I would not pay off Visa with silver as I owe Visa nothing.
I have bought property with silver already.
And your comment that somehow our reaction to MDB's post signifies a top is just sad. MDB's goal is to collect red arrows. Using reaction to him as a guide for your silver thesis is not going to work out that well for you.
What property did you buy with silver, and how?
I accept/prefer junk silver for my produce and have sold farm equipment for bullion. I'm also in the process of purchasing land in Southen MO with bullion and fiat (35%/65% respectively). PM bartering is more common than many think....
My wife has been my own personal prostitute. I buy her shiny things and I get laid. She accepts hard money....if you know what I mean.
Awwwww...... <violins> True love.
A truck using 90% silver us coins.
At what dollar equivalent price for the silver - or did you fix the price in weight of silver?
The paid shills here are obnoxious to put it nicely. Anybody who doesn't understand why silver is the best investment ever, and why precious metals are the ONLY safe investment is nothing short of an ignorant moron.
Precious metals have been money for thousands of years. If you truly believe that money backed by nothing can last indefinitely then you don't have a clue.
Go crouch down and lick the boots of your masters, and may posterity forget that you were our countrymen.
the world was flat for 1000s of years and a horse was the fastest form of transport
No-one ever thought the world was flat--that is a popular myth. You know, like almost everything you claim to be the truth.
Also, the ship was always the fastest form of transport (over any significant distance--pony express and similar hard riding, rapid changing of horse services might have been faster, though) until mechanized travel became possible.
But hey, don't let the facts get in the way of your dumbassery. You never have before.
Flat Earth Society and it still exists today. Also the Nazi's were obsessed with the idea of a Hollow Earth Theory, mainly centering around a hole in the Earth's crust in Antarctica. Shit is fascinating.
Black Sun, bitchez.
IrritableBowels
Flat Earth Society and it still exists today
They don't fly ever I take it,or watch the Discovery Morons Channel..........LOL
the world was flat for 1000s of years
If they had just read the Bible they would have known it was round long before they found out.(Isaiah 40:22 )
I have often wondered why common sense did not prevail, since the moon was easily visible,(and surely not flat) that they would know.
if you put fag-dust on a gold coin you can get your cock sucked and balls tugged on in the Castro, San Francisco; of course I like to keep my gold hetro. fag gold glitters too much for my taste.
Fascinating
Uhh, not just fascinating, that sounds much more like the voice of experience.
To each their own, I guess....
Damn, you're right. When I was loading up on silver at $9/ounce I never learned a thing. Ouch.
http://www.youtube.com/watch?v=T9uuPza41Uw
would you change your mind if a war breaks out in the Sraits of Hormuz?
double post
I kind of think buy-and-hold is a lemming strategy. Would you sit on the same couch for 30 years? Unlikely. You use it while it suits you; and then sell it when it doesn't. Investments are the same way. There will be a time when you don't want to own PMs and you'll switch to other assets classes. (Assuming the fabians running the US will allow you to own property at that point).
I prefer bitchezoids.
Silver is here to stay, this bull market has many years remaining.
http://silverliberationarmy.blogspot.com/
2011 was both an amazing and disappointing year for silver investors. The most disappointed of all are those who bought in during the April highs, when silver almost reached $50. However, what these investors need to remember is that not too long ago, people were fretting over changes in prices of ten cents or less. Not too far down the road, the difference between $29 silver and $50 silver will also seem rather minimal.
Print print print! + Iran war = epic.
wars are the same as printing money by other means.....
except they're not. (for the people being bombed)
Last week when it was at $26... I went in to 3 local coin shops and nobody would sell me an ounce (though they had plenty of inventory)...
I went last week to my coin guy and got all I could afford. Silver, is a buy right now...git sum!
Yes, couldn't care less about the paper price or what they do in the short term. I know TPTB/TBTF-sympathizers read this blog so ya hear me? I don't give two shits if you smack it to $20/oz. I don't give two shits if it surges to $50/oz! I am buying more phyzz and it is not going anywhere after that!
You and everyone else, which begs the question, why do you all get so excited about moves up in the paper price (evidenced by the 100s of comments to this thread)
You mean the 78 comments? With this one being the 79th?
It was a prediction - something you used to do
Predictions use the future tense. You used the past tense. This makes me think there is something very wrong with you mentally.
Well, now it is evidenced by the number of comments. I guess my prediction was right.
122 is "hundreds"?
You definitely have mental problems.
OK - you win. Time for you to make a prediction.
I already made it last February. I stand by it.
Care to repeat it as I have not got a complete collection of your comments to hand...
"$60 by next week"
Welcome Aboard Cap'n.
One of my favourite Characters. I'm sure you'll fit right in here. Foulmouthed piss-heads here, one and all.
You've met t "troll buster" mosely, with a penchant for predeliction with scientific accuracy.
Beware the razors of ZeroCut.
ori
Excited? There's only about fifty comments in this thread, I'd say you're the one getting all excited. ;-)
As for your question, surely you recognize the significance of watching the wheels fall off of the paper tiger? Or are you trying to suggest that it's a trivial event?
I always find comments like yours to be strange, where one hand, you seek to belittle any excitement by asking "Why?" all while ignoring the obvious reasons (like say, a 6.6% rise in a couple of hours) that it would occur. Which begs the question, why do you do so?
I think this is a trivial event, given the volatility of the paper market in silver, that's all.
What I struggle to understand, is why all the buy and hold physical guys get so excited about it - maybe they really do want the end of the World, so they can make some free 'wealth'. Seems weird.
We dont see the fall of fiat as the "end of the world" but more as "end of the world as we know it, and we feel fine."
I, for one, cant wait until what I sweat and bleed to earn today isnt devalued next week when I actually get the "money".
I can't wait till I am no longer paying more for bread for my family so that some country that I have nothing to do with can be bombed in my name.
I can't wait until the sovereignty of the great state of Florida is no longer inchained in racketeering by a facist central authority.
In short, I do not hold PM's to become king of bartertown. I hold PM's so that there is no bartertown, but a functioning republic of liberty based on a tried and true stable monitary system.
Sorry to say,But in the eyes of the USA Authorities ,YOU are a terrorist by definition.
But I agree with you.
Not weird. Logical. Anybody who'd want the status quo is weird.
What I struggle to understand, is why all the buy and hold physical guys get so excited about it - maybe they really do want the end of the World
"Free Wealth"???
I can only speak for myself, but I don't see it that way at all... Instead, I see every FRN that I convert into a gun, ammo, gold, silver, other PM, food (or otherwise physical commodity)... And MORE IMPORTANTLY... DO NOT HOLD IT in the banking system to be levered up & rehypothecated is one little molecule that has been taken away from the tentacles of the Squid to use to fuck me over...
And do you think TPTB care anything about your silver or gold prices? You assume that if the public magically wakes up the prices of phyz will skyrocket, as if that will matter. By the time its reached that point, you either have your phyzz or you dont, but at the end of the day TPTB control much more gold and silver than you do and will find a way to extract it from you at all costs. Thats why I am long AR 15's and stockpiles of food and ammo. You can come to my entrenched location and trade me all your phyzz for some tomato soup.
With that said, paper prices are relevant because its the entry that you and I can buy this stuff and believe you me, when the prices of this stuff does go way up, you will lament the day you didint invest more into your gun collection.
Again, I would rather be long muai thai, survival classes, bugout bags and ammo/guns/food/like minded individuals than stockpiles of gold and silver.
I can just loot and take their phyz etc.
Oh and feel free to junk me all you want, those silver nickels will not save you from bullets but my dragonskin fullbody will. I am not a millionaire so 330 oz of silver arents a possibility for me. Protection however is within my grasp.
You sound like you are going to be living in the forest eating berries without any compadres. You know the best thing about us, our ingenuity and care for each other. It may not seem like it, but we are still tribal in nature. It's not like we can't farm post consumerism, it will just mean that not everyone will have a cell phone/TV. Unless one has real wealth/monie, which is defined as "physical precious metal", then maybe one will be living on the hog.
You are making the assumption that all your neighbors will just sing kumbaya and go farm some corn. If you think peace will be the outcome of this you are as delusional as the guy knocking me for investing in body armor instead of some shiny metal. Im not advocating phyz ownership at any cost under any circumstances. There are other, viable investments such as all the gear I just mentioned that are less reactionary.
There will be a time to buy phyzz but that time has long past.
There will be a mess for a few months while people realize they were living in a fantasy land where the dollar buys oil, but after a couple months, after people get hungry, they will realize it is farm or die.
I think there are other investments besides PM, but I don't know why you would knock it.
If you would follow the last post, I am knocking phyzz simply because unless you have fully invested in self protection, the phyzz you have to preserve wealth and survive with will be moot because you dont have the means to protect said phyzz.
Farm or die? youre making a big assumption that you will be able to roam around outside safely.
"I can just loot and take their phyz etc."
That kind of comment isn't funny on ANY level.
I had a friend whom I was trying to educate about prepping.
His response was "I have a gun and a box of ammo,and I know where you live".
I told my former friend "That's the reason I bought a gun"
(And yes,that really happened.)
I'm not against you having guns & protection... But your logic strikes me as odd...
Owning an arsenal... by nature... puts you in a DEFENSIVE posture... Why does someone need to be in a DEFENSIVE posture unless he has something to guard? Since you don't have any gold or silver, I guess you'll be shooting down the people coming after your tomato soup...
Unless you plan on going on the OFFENSE (and stealing all the gold & silver from others)... Which would make you just as much of an a55hole as the bankers...
330oz sivler =~ $9750 spot.
Dragon skin = >$5000.
You don't have the money to invest $10,000 in PM's but claim to have >$5000 grand to spend on dragonskin? BS.
Your food storage is a box of twinkies. Your battle rifle is an airsoft gun. Your bugout logation is your parents spare room. Your tactical gear consists of a paracord bracelet and a altoids can survival kit which you made.
......."Your bugout logation is your parents spare room"
Giving away his hideout location?
When did you go psycho?
8)
My bugout location is my home, but unlike you, ive got the means to stay in it.
Feel free to reference the post on the price of remington rounds over the last 30 years vs the price of gold. Nice correlation.
Unless you HAVE the guns and ammo already, you have no reason to invest into anything more than sporadic timed purchases.
You get a discount on the dragonskin if you work for law enforcement and costco sells a mighty fine food supply kit for about the price of an ounce of gold.
Your survival plan involves a backpack with metals in it.
Who do you think will fare better i na SHTF Scenario?
Maybe you should reread the Bosnia post for a better idea of how useful your metals alone are.
Hey! It's all good, dude! As long as we're fighting the same fight. Remember why we're in this together. People may prepare in their own ways, but the goal is the same. We'll find each other.
good luck with that strategy with 1-2% actually owning physical with even fewer keeping it actually in their home.
Which is exactly why silver will not be the common currency if / when SHTF
What will be? Tulip bulbs?
Useful goods and services - read this - http://shtfschool.com/category/trading/
"No, gold and silver was not like second money, or second value during SHTF, it was not even worth like in normal times, and in most of the cases it was dangerous to have it a lot (actually it was too dangerous to have anything in great amounts and let other people to know that) If you had for example 1000 gold coins, and let s say that one coin worth 150 USD in normal times, you could think that you are rich in shtf.
But in reality it was hard to find someone who give you some food or battery or whatever useful for one coin. Gold coin was not useful for 90 percent of people, what they could use it for? Eat it? Start fire with that?"
Or read some history about Russia in the 90s - you start pulling out silver coins, you are going to be killed.
Just because you want your stockpile of coins to make you 'rich', doesn't mean its gonna happen. Invest in useful, durable goods which are going to make your life easier if things collapse.
>>>In hurry it is gonna make more sense to offer “your wifes gold ring” someone for cans or something else then to offer someone some “strange” gold coin for food or one of the typical gold coins you can buy from gold sellers these days, it can raise some questions, and you do not need raising questions in situation like that. Stay low key. Be the guy with the last family jewels not the guy with gold coins from typical gold sellers.<<<
"The Man Who Fell to Earth" approach.
Yes. Exactly. Look desperate.
You don't know any Russians, do you?
I'm married to one, speak Russian and lived in Moscow for 3 years, so yes, I do.
And yet you still don't understand the concept of monie. Well stick around, boss, we'll learn ya.
I'm always open to being educated, but so far, you're not doing that - you're just telling me I'm wrong and you're right and silver is the only hope.
What do you think I should have learned in Russia about 'monie'?
Maybe you should stick to reading ZH instead of writing on it, then.
You don't really have much to say, do you. Maybe you're not as smart or interesting as you think you are....
supernotes.
Haddock, and here this one from somebody who ACTUALLY lived through a crisis. Especially, read about the precious metals part (jewelry and scrap silver).
http://www.survival-spot.com/survival-blog/argentina-collapse/
I come from a Latin American country which right now is ridden with drug lords and insecurity. When I go for visits, my friends tell me stories of thief armed to the teeth waiting for them outside banks. Cell phones are banned in banks. On a visit two guys pulled guns and took my money and cell phones. I negotiated the credit cards and license, so I managed to keep them. However, life goes on. No mad Max in the streets or anything like that yet. Cell phones get stolen a lot also. People carry two cell phones one for normal use and the other for the thief. BTW Iphones sell like hot cakes just like Gloria Vanderbilt Jeans did in good old Russia.People carry enough money for a thief not to get angry and kill them, but not enough that they can't make the rent. The poor take the brunt of the abuse, as they need to use public transportation, live in bad areas, and depend on police for security.
The point is that when there is insecurity, people will try to take what you have. Having nothing to steal is no answer for me. Just like many of my friends in LA who carry guns and are willing to use them and, Yes, more than one has died or worst.
I have lived 30 year in the US, so trust me when I tell You that the US is FAR from becoming a third world country.We are broke and in need of management change .
Interesting link - with the benefit of hindsight, what would you have 'invested' in if you were back in your home country before the collapse, given say $20 000 at today's value.
Listen, what I am saying based on my experience is that you need to have some hard assets. Real Estate has been very noble historically even when the bullets were flying by back home in the 70s. Inventory or tools or something that you can sell. Friends with farm land do very well. Not so much on the agriculture part now because of the drug lords, but services and leasing the land. Agriculture is a very dangerous activity. Many assets WILL loose value, but at least You will have something. When the stealing starts, They will take whatever is not nailed down. Been poor in that environment really and absolutely SUCKS. The poor become invisible to the rich and target to the gangs.
In rich countries, labor is expensive and resources are cheap. In poor countries the opposite happens. If you dropped me there with 20,000 grand, I would buy a second hand semi truck, or a crane, or something like that. I have a friend that has 4 corn harvesters and He has a truck which he uses to take them to harvest corn fields for others. All of it 2 second hand on the cheap. Remember, labor for fixing is cheap. He just bought a 300 grand house which is very nice. Also, no matter how life is treating You, lie and tell others how bad it is. Have you notice the friend connection? Make good quality friends who You can count on and work with. People there start like 7-11 type stores out of their own homes. We got ebay which is kind of a two edge sword. They just got new IRS reporting requirements. But You get the jest of it.
One more thought, the US has a great resource in its people. I often joke with my friends over there that locals will always tell you what the problem is with any idea You present them, but Americans will always tell you what the solution is. Like the people in this forum. They might not have the right one, but I least they are trying. The can do mentally. OK I am preaching now. bye
Instead of hoards of zombies roaming a wasteland, I expect a normalisation (allbeit on a different scale) after a collapse of the financial system (and subsequent chaos), and there to be a demand for silver as it's rare and indispensable for modern technological purposes, and also has beneficial medical properties, that are quite unique. I don't expect mining to suddenly yield more ore. In fact the opposite, after a collapse. There'll be a shortage. I hope there'll be somewhat of a free market. That's what I'm worried about; more than any issue of intrinsic value at that given moment.
it's still a bargain at ratios hovering above 54:1 to gold.
that's the Balkans...an embargo and blockade.
Toilet paper and small bottles of perfume, lipsticks, little alcohol (airplane) bottles, matches...clothespins. Shit like that.
medicines if you are an apocalyptic; NOT silver. Gold gets you out of the country and gone with what you can carry. No more, and no less.
Stockpiling silver is idiotic.
I've heard this before. Is there some poll out there that shows where physical stackers are more likely not to own any guns and ammo? Where they feel completly comfortable with having these precious metals in their home and no means of protecting it? Are these people also likely to be completely unaware of the layout of their homes and community that they are just ripe for easy plunder?
Having a gun collection is a great hobby. It is one that doesnt devalue like many others (like boating, boy thats a money pit). But I have found that I can only carry two at a time effectivly, and having 3 is plenty for every possable need for a firearm. Just stack ammo and reload supply... i also stack those balancing lead weights that come off tires. Can you guess why i consider it a precious metal?
wonder what it will be at in March when I get my bonus? Doesn't matter really, as I will be going all in on as much Au and Ag coins as my reserve notes can be exchanged for, price be damned.
the re-beating of the drum...the prices on ebay are off the hook for silver....
If all else fails, order silver coins from APMEX or ProvidentMetals.
OR Bullionvault. Managed to buy another $1k worth within 50c of spot. Why bother with Apmex
fuck you. Here in Oz I cannot buy silver for any less than 10% over spot. Is it delivered for that price? Or just another, "yes siree, your metals are allocated to you and we definately are not selling those same metals to 400 other people", kind of thing?
"Oz"?
Please say "Hello!" to the Wizard for me the next time you are in the Emerald City.
PS: Watch out for houses falling from the sky.
Every one living in OZ should be watching for housing falling from the sky. Dec 2007 bought shity tiny 40 square meter apartment for $215k. Sold jan 2011 for $385k. Thats US$400K. FOr tiny apartment on top floor with no elevator, with housing estate next door full of junkies ( got attacked by guy with knife inside macca's for refusing to give him one of my french fries......I know, what I deserve for going to maccas).
I would say house will not fall from sky, it will CRASH from sky.
You mean nobody would sell it to you for $26. What were they asking?
But is it due to short covering or investor buying?
http://edegrootinsights.blogspot.com/
I would expect a retrace when FOMC minutes today disappoint the QE3 expectations. Nice time to re-short silver.
Hey, Slaughterer, congrats on your BAC call, you made a ton, especially if you've held on to it. Gutsy move but it has paid off so far.
Even Sean Egan was bullish on BAC on CNBS today.
That was indeed a nice call Slaughterer, well played.
It's just a matter of time before silver goes above $50 and far beyond.
Looking at how much the dollar is being destroyed, gold will hit min. $10,000 when the fiat ponzi impolodes. After the demonetization of silver in the 1960's, central bank dumping billions of ounces on to the markets retarded the price of silver and drove away incentives to mine silver. Because of the under investment in silver mining and the boom in industrial uses as well as the remonetization when fiat collapses, the gold / silver ratio is set to shrink to 10 to 1, meaning silver hits min. $1,000 / ounce when measure in today's purchasing power.
TheSilverJournal.com
Your link is broke at www.thecluelessjournal.com.
Hang on to your FRN's and see how much value they have in five years.
TheSilverJournal.com
Yay!
To be followed by another one... and another... and another...
this little camper is excited about his 330 ounces of silver maples he purchased last week.
even though he lost everything in an unfortunate boating accident on the way back home.
From my empircal study, ZHers are horrible boaters!!
We do like to play pirate on the lakes.
Guns-and-ammo stores and precious metal stores both need signs: "Please be careful when boating home after making a purchase at this establishment."
Damn... that happened to you too?
Well at least I know it's all safe at the bottom of the lake. If I could only remember which lake...
"Sorry, officer, those lakes all look the same to me"
No, no, no. I encourage everyone to boat their PMs across Crater Lake and bury them on Wizard Island
Damnit if everytime I try my boat doesn't capsize, right above 2,000ft of water.
still down 40% since the May 1 and firmly entrenched in a bear market. the silver bubble will continue to evoke cheers today and tears tomorrow. Sell! I will cover my short at $10 by May...