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    Crude oil time-spreads have completely dislocated from inventories. Historically, such dislocations have proved to be short lived. We expect that either spot prices will sell-off again or the back...

Germany Spoils Party After FinMin Says Second Greek Bailout May Need To be Revised

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Fri, 09/23/2011 - 09:43 | 1700812 Vergeltung
Vergeltung's picture

(re the mis-spelling in the headline, channeling Al Sharpton):

 

"protest, we much"

 

EDIT: fixed fast. damn!  :-)

 

 

Fri, 09/23/2011 - 12:25 | 1701716 covert
covert's picture

all of us are overdue time to take a stand in favor of individual financial responsibility.

http://covert3.wordpress.com

 

Fri, 09/23/2011 - 09:42 | 1700813 smlbizman
smlbizman's picture

is this why futures have turned upward?

Fri, 09/23/2011 - 09:44 | 1700820 HelluvaEngineer
HelluvaEngineer's picture

Right.  So let me get this straight - stawks are supposed to turn around this morning and silver can't catch a bid?  I'm sure copper will just bust a 180 at some point and gold/silver will just get taken to the woodshed again.

Fri, 09/23/2011 - 10:25 | 1701023 Dr Hackenbush
Dr Hackenbush's picture

on the notion that Dow 10K hats create jobs

Fri, 09/23/2011 - 09:43 | 1700816 lolmao500
lolmao500's picture

Silver getting MOTHERFUCKING SLAUGHTERED. Now at 32$!

Fri, 09/23/2011 - 09:45 | 1700824 pods
pods's picture

No, it just went on SALE!

pods

Fri, 09/23/2011 - 09:47 | 1700845 disabledvet
disabledvet's picture

Makes you wonder what else is gonna go on sale here.

Fri, 09/23/2011 - 10:04 | 1700920 Comay Mierda
Comay Mierda's picture

two possible outcomes

1) central banks let all the banks fail and depositors lose everything - silver and gold will take a shit

2) central banks launch TARP2,3,4,5, etc.+ QE3,4,5,6,etc. - silver and gold take off to the moon

play both sides. buy puts on the banks and buy phyz gold + silver

Fri, 09/23/2011 - 10:13 | 1700952 Bastiat
Bastiat's picture

central banks let all the banks fail and depositors lose everything 

And what do you think will be the value of their currencies when that happens?

Fri, 09/23/2011 - 10:18 | 1700977 Comay Mierda
Comay Mierda's picture

less money in circulation = deflation on everything bitchez

Fri, 09/23/2011 - 10:20 | 1700986 Bobbyrib
Bobbyrib's picture

The smart money still runs to gold in economic uncertainty.

Fri, 09/23/2011 - 10:23 | 1701001 Bastiat
Bastiat's picture

That was true when currency was money because it was gold & silver.  Money is now nothing when the debt behind it collapses = end of fiat regime.

Fri, 09/23/2011 - 10:14 | 1700960 Bobbyrib
Bobbyrib's picture

Gold will take a shit on bank failures? There is a reason (not a logical one though) Roosevelt outlawed gold ownership in the 30's.

Fri, 09/23/2011 - 10:24 | 1701011 Smiddywesson
Smiddywesson's picture

2) central banks launch TARP2,3,4,5, etc.+ QE3,4,5,6,etc. - silver and gold take off to the moon

Under the rule of reverse logic, this would lead to lower PM prices because it would provoke an attack by central banks.  I know PMs should go up, but they should have risen upon the SNB peg too, and they didn't.  Surrender to the dog god of reverse logic all PM bitchez.

Fri, 09/23/2011 - 10:32 | 1701057 disabledvet
disabledvet's picture

Central banks take all gold in nationalized institutions. Have a nice day!

Fri, 09/23/2011 - 10:47 | 1701125 Bobbyrib
Bobbyrib's picture

Likely outcome :-(

Fri, 09/23/2011 - 10:14 | 1700962 lynnybee
lynnybee's picture

a lady can never have tooo much gold & silver !    great, on sale, i'll buy more .      ( thank the ZEROHEDGE people for teaching me correctly. )

Fri, 09/23/2011 - 09:46 | 1700840 CClarity
CClarity's picture

Not in Aussie, Looney or Euro.  Watch oil too.  You're dollar focuses, not saying that's inappropriate cuz that's probably what you own it in, but it isn't in death throes everywhere today.

Fri, 09/23/2011 - 09:50 | 1700864 lolmao500
lolmao500's picture

Wrong. Silver in loony : -8% at 33.88$ down... another 8%.

Fri, 09/23/2011 - 09:54 | 1700882 achmachat
achmachat's picture

you mean not that "much" in Euro...

in 48 hours the equivalent of a Lotus Elise just went up in smoke for me. Lucky for me that my silver is for a very very long timeline and I wasn't expecting to liquify it any time soon... 

Fri, 09/23/2011 - 10:27 | 1701026 Smiddywesson
Smiddywesson's picture

Exactly, and that's why I held back cash for my son's college expenses.  Physical is very dangerous if you are forced to liquidate at the wrong time.

I closed my paper, and still love my physical.  By the time this is over, it will be worth a lot, and anyone without physical will be poor.

Fri, 09/23/2011 - 10:36 | 1701076 disabledvet
disabledvet's picture

Start a solar panel mfg..."thingy" since "you have all that silvery stuff." That should net you a couple hundred mill. Make sure you an exit strategy tho!

Fri, 09/23/2011 - 09:43 | 1700817 Robslob
Robslob's picture

"all your Euros belongs to us"

Fri, 09/23/2011 - 09:44 | 1700822 lolmao500
lolmao500's picture

THE RECAPITALIZATION OF EUROPEAN BANKS IS NOT A MATTER FOR THE ECB BUT FOR MEMBER STATES

 

Yeah well Switzerland is screwed then since the banks are worth 394% of GDP.

Fri, 09/23/2011 - 09:45 | 1700829 walküre
walküre's picture

Gold and silver on sale for Americans!

Spread the word.

Fri, 09/23/2011 - 09:47 | 1700842 SheepDog-One
SheepDog-One's picture

Markets shrug off terrible news, expect release of rumor to refute 'no bailout for Greece'....back to carrot and stick world economic driver!

Fri, 09/23/2011 - 09:53 | 1700873 walküre
walküre's picture

The bailout of Greece is NOT a done deal. Never was. Germans disapprove with 80% majority to be hog tied to the sinking ship.

Greece will default officially before Christmas. One US bank will implode over that for sure holding the counterparty risk on the CDS to Greek debt.

Fri, 09/23/2011 - 09:57 | 1700890 SheepDog-One
SheepDog-One's picture

Of course Greece is not going to be 'bailed out', did I say otherwise?

Fri, 09/23/2011 - 10:39 | 1701092 disabledvet
disabledvet's picture

Christmas? I thought the "formal" (never to be announced)...is it a bankruptcy?...would be finished by today.

Fri, 09/23/2011 - 09:47 | 1700846 oogs66
oogs66's picture

its the end of the euro as we know it

Fri, 09/23/2011 - 10:41 | 1701101 disabledvet
disabledvet's picture

You mean as we "no it"...as in "would you like a euro?" and you say "no."

Fri, 09/23/2011 - 09:48 | 1700848 Cassandra Syndrome
Cassandra Syndrome's picture

Must have been a telephone conference call. That would explain the rally.

Fri, 09/23/2011 - 09:48 | 1700851 pacdm
pacdm's picture

when will this all end? soon i hope, its all one big joke

 

Fri, 09/23/2011 - 09:51 | 1700867 SheepDog-One
SheepDog-One's picture

This is the part Hal Lindsay warned about where the Central Banksters would chase gold and silver bugs out of their holdings, right before the big collapse.

Fri, 09/23/2011 - 09:53 | 1700878 TradingJoe
TradingJoe's picture

THIS WHY HOLDING PHYSICALS AND NOT PANICING IS A MUST!

Fri, 09/23/2011 - 10:25 | 1701018 Treason Season
Treason Season's picture

Spelling Police! Freeze TJ!

And stop panicking!

Fri, 09/23/2011 - 10:00 | 1700904 Vincent Vega
Vincent Vega's picture

Sheep, I'm guessing that a lot of the downward price action in Au/Ag is being done by models that the hedge funds use. ie...as markets change the models tell them to allocate more (or less) to a particular asset. I have a hard time believing that the price action is coming from people like you, me, et al that are going to local coin shops and selling. Or put another way: it's just the paper players.

Fri, 09/23/2011 - 10:34 | 1701070 SheepDog-One
SheepDog-One's picture

Yea its such a tiny market by comparison, I think its impossible people going into coin stores are causing -20% drops.

Fri, 09/23/2011 - 09:59 | 1700905 HelluvaEngineer
HelluvaEngineer's picture

I keep thinking we'll hear some coordinated central bank stupidity this weekend (or soon enough)

Fri, 09/23/2011 - 10:02 | 1700909 dclaz
dclaz's picture

Who is selling though? And in such large quanitites?

Fri, 09/23/2011 - 10:19 | 1700981 RealFinney
RealFinney's picture

All i can see from that article is that Soros has sold pieces of paper and bought companies that produce lumps of gold.

Fri, 09/23/2011 - 10:29 | 1701039 walküre
walküre's picture

Just google "George Soros selling gold" or "George Soros sold gold" and you get hundreds of links

http://www.prisonplanet.com/why-is-george-soros-selling-gold-and-buying-farmland.html

Jim Rogers take on that.

http://www.youtube.com/watch?v=9LXllftxlyw

Fri, 09/23/2011 - 10:54 | 1701163 RealFinney
RealFinney's picture

<== Soros actually believes Gold is no longer a good asset to hold and is making an ordinary moving into other areas.

<== Soros is concerned that Gold ETFs are ephemeral paper that isn't actually backed by anything real, and is quickly switching into physcial assets like Mines and Farms before the ETF Ponzi Collapses.

Fri, 09/23/2011 - 12:10 | 1701629 RSloane
RSloane's picture

They almost have to. Its just another last desperate lurch to maintain their power.

Fri, 09/23/2011 - 09:56 | 1700888 Dick Darlington
Dick Darlington's picture

Heard a rumor of yet another idiotic Medley report doing rounds saying ECB should buy bank debt. My take is that ECB can do what ever the idiots want to extend the ponzi for a few monts and wipe their asses again with the Lisbon treaty but they can do it without Germany. And without Germany, well, there's no euro.

Fri, 09/23/2011 - 09:57 | 1700892 Ancona
Ancona's picture

Fuck 'em and feed 'em fish heads.

This is probably going to be the last buying opportunity in PM's for some time to come. Blythe and Da Boyz are having their fling, but in the long run the fundamentals really do still exist. The demand for physical silver is outstripped by available supply, and the number of people holding paper promises cannot change that.

Pass me the bong please, I'm going to smoke up the last of this hopium.

Fri, 09/23/2011 - 10:00 | 1700911 ISEEIT
ISEEIT's picture

This is freaking silly. Risk on???? WTF! Gotta be expectations of a pending FT/National Enquirer piece due out soon?

Fri, 09/23/2011 - 10:07 | 1700930 walküre
walküre's picture

Not according to VIX. "Risk On" is not going to happen unless we hear that the Fed will print, print, print.

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