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Greek 1 Year At 629%, Biggest One Day Jump In Yield Ever

Tyler Durden's picture





 

Ze Price Stabeeleetee...

One day yield moves. Self explanatory:

charts via BBG

 


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Fri, 02/17/2012 - 14:08 | Link to Comment Peter K
Peter K's picture

Thank God (with capital G) that the ECB got out in the nick of time:)

Fri, 02/17/2012 - 14:16 | Link to Comment machineh
machineh's picture

'We're alright, Jack -- shame about all you newly-minted SUBORDINATEES. God's mercy on you swine!'

Fri, 02/17/2012 - 15:50 | Link to Comment trav7777
trav7777's picture

um....wtf is the par now?  .000001?

Fri, 02/17/2012 - 20:04 | Link to Comment kaiserhoff
kaiserhoff's picture

Poor Leo.  At least he still has his Chineee Solahs.

Fri, 02/17/2012 - 14:32 | Link to Comment gmrpeabody
gmrpeabody's picture

 

629%....

Which is exactly why there will be no default. The PTB will simply not let those kind of profits go un-realized.

Print.., print.., print, the little people pay!

BTW..., is a 75% haircut inclusive of the returns on interest, or just the principle? Because a 75% haircut on a 629% profit ain't bad. I'd buy that for a dollar!

Fri, 02/17/2012 - 14:39 | Link to Comment Conman
Conman's picture

Even if it is principle, 75% off the principle * 629% interest is still very profitable. Where do i buy?

Fri, 02/17/2012 - 15:00 | Link to Comment bobola
bobola's picture

Baltic Dry index is dropping again - at 723 right now.

With the 1 year Greek bond quickly heading north again, we could see these 2 intersect near 700.

We live in interesting times.......

Fri, 02/17/2012 - 15:06 | Link to Comment ChitownTrader
ChitownTrader's picture

lol

too bad the baltic dry means nothing anymore, well I guess Greece doesn't either

Fri, 02/17/2012 - 15:14 | Link to Comment NewThor
NewThor's picture

I'd forgive Ben Bernanke if he found a way to print hot women that made sound choices.

Fri, 02/17/2012 - 15:23 | Link to Comment TruthInSunshine
TruthInSunshine's picture

The irony that Greece was known for its outsized (relative to GDP) shipping industry, or that Jackie O was remarried to Aristotle Onassis, a Greek shipping magnate, after the jackals of fractional reserve deeds whacked JFK.

Fri, 02/17/2012 - 15:50 | Link to Comment trav7777
trav7777's picture

she needed dick with a fat ass wallet...bitch like that wasn't going to be buying off the rack and flying coach

Fri, 02/17/2012 - 15:36 | Link to Comment Squid Vicious
Squid Vicious's picture

nothin from nothing leaves.... bullish! on to 1450!!

Fri, 02/17/2012 - 15:08 | Link to Comment FlyoverCountryS...
FlyoverCountrySchmuck's picture

As long as someone is buying, even at 629%, they will keep selling. It's not like they ever intend to pay it back.

As a black man once told me, it's not "Debt", if you never intend to pay the bill.

Fri, 02/17/2012 - 15:36 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

Was the color of the man pertinent?  C'mon.....

Fri, 02/17/2012 - 14:10 | Link to Comment slaughterer
slaughterer's picture

Makes the good old days of 400% yield just two months ago look ordinary.

Fri, 02/17/2012 - 14:13 | Link to Comment Dick Darlington
Dick Darlington's picture

Oh those were the days indeed! Warm, fuzzy memories.

Fri, 02/17/2012 - 14:18 | Link to Comment EscapeKey
EscapeKey's picture

Greece is now a penny stock.

Fri, 02/17/2012 - 14:31 | Link to Comment combatsnoopy
combatsnoopy's picture

OTC, pink sheets.  About to be acquired by Bain Capital who will drain them for bankruptcy fees. 

Fri, 02/17/2012 - 15:08 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Greece is now owned, lock, stock & barrel, by The Money Masters.

 

They now are on to their next targets, more nations that formerly collectively believed they were democratic, free & sovereign.

Fri, 02/17/2012 - 14:26 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

400%?  It was under 100% last summer.  If Mother Fucking Global went under a few months ago I wonder how ASSGEN is holding up?

Fri, 02/17/2012 - 14:10 | Link to Comment user2011
user2011's picture

Please help me to understand this.   For 600% a year.  If I buy the bond and flip it the next day, I will have close to 2 % gain.   Am I right ?

 

Fri, 02/17/2012 - 14:13 | Link to Comment slaughterer
slaughterer's picture

Not really.   Who or what is going to pay your interest?   How much will you be able to sell it for tomorrow?  Who will buy it?

Fri, 02/17/2012 - 14:20 | Link to Comment Citxmech
Citxmech's picture

Musical chairs for keeps, bitchez.  Music's still playin' - are you in?

Fri, 02/17/2012 - 14:12 | Link to Comment zilverreiger
zilverreiger's picture

Or does  one have to hold them 1 year?

Fri, 02/17/2012 - 14:16 | Link to Comment Ex-Pat
Ex-Pat's picture

Maybe you will not collect the yield and then tomorrow, nobody will buy the bond that you try to sell for a 2% loss in price per day.

Fri, 02/17/2012 - 14:15 | Link to Comment Tyler Durden
Tyler Durden's picture

You get 600% if you hold them to maturity and they get repaid in full.

Fri, 02/17/2012 - 14:19 | Link to Comment blu
blu's picture

Lotta "ifs" in there. Oh and you should have mentioned, you might get paid in Drachmas at some unknown rate of exchange against the original Euros. Or maybe even, paid in ripe olives at the warehouse in Athens, you ship. This could end up anywhere.

Fri, 02/17/2012 - 15:14 | Link to Comment Clampit
Clampit's picture

 

Would Drachma's count as a credit event?

Sounds like a nice insurance product - either I loose the money and get to enjoy watching a credit event, or the perpetual motion can defys all odds and I suffer with 6x the euros in my pocket ... I'd have said sign me up long ago if I even vaguely trusted this was the deal at hand.

 

Fri, 02/17/2012 - 17:24 | Link to Comment Anonymouse
Anonymouse's picture

I believe ISDA already has demonstrated that the concept of a credit event has a fluid definition at best

Fri, 02/17/2012 - 14:21 | Link to Comment AccreditedEYE
AccreditedEYE's picture

LMAO!!

Fri, 02/17/2012 - 15:07 | Link to Comment NewThor
NewThor's picture

What was the bond yield at 1 year ago? Do those people get paid today?

Sat, 02/18/2012 - 02:38 | Link to Comment SeattleBruce
SeattleBruce's picture

At some point in the last year, the 1 year went from about 5% to about 40% - it depends on whether you got in on that move - but there seems to be a gap in the chart - were the Greek 1 years selling last spring - or did they shut them down for a while?

http://www.bloomberg.com/quote/GGGB1YR:IND/chart

Fri, 02/17/2012 - 15:27 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Minor quibble:

You only get 600% if you hold them to maturity and get repaid in full and the € retains its relative value until that time.

Fri, 02/17/2012 - 15:33 | Link to Comment Curtis LeMay
Curtis LeMay's picture

LMAO. Sorta like going to the track and blowing the rent money on a "sure thing"...

Fri, 02/17/2012 - 19:41 | Link to Comment ozziindaus
ozziindaus's picture

There is a Tier 2 open market for trading Bonds in the US. I honestly don't know if the same exists for Greek Bonds

http://www.sec.gov/answers/bondselling.htm

Fri, 02/17/2012 - 14:34 | Link to Comment xela2200
xela2200's picture

Please help me to understand this.   For 600% a year.  If I buy the bond and flip it the next day, I will have close to 2 % gain.   Am I right ?

------------------------------------------------

I am sure some guy said the same thing last week when the yield was 400%.

Sat, 02/18/2012 - 07:41 | Link to Comment TruthInSunshine
TruthInSunshine's picture

I meant to tell him earlier that if buys the bond with a coupon of 600% and flips it the next day, he could theoretically have close to a 2% (or 600%) loss, depending on whether Greece a) imposes haircuts on creditors (with the EU's blessing), b) gets bailed out and stays in the EU, c) decides, along with the EU, on some other hybrid or variant plan.

These are lottery tickets, plain and simple. But they don't represent the black & white calculus of winning or losing that lottery tickets do.

These bonds are riddled with possibilities.

Sat, 02/18/2012 - 02:10 | Link to Comment chindit13
chindit13's picture

It's a complex formula, but the key part is "imputed interest".  Greeks no longer impute.  Implode and imperil and "imbarrass" maybe, but impute, no.

Fri, 02/17/2012 - 14:10 | Link to Comment CvlDobd
CvlDobd's picture

Where is my fucking blue pill?

Fri, 02/17/2012 - 14:16 | Link to Comment john39
john39's picture

CNN, FOX, MSNBC...

Fri, 02/17/2012 - 14:12 | Link to Comment ZackAttack
ZackAttack's picture

Anyone remember when Leo told us these were a screaming buy with a 7% coupon?

Fri, 02/17/2012 - 14:17 | Link to Comment Dick Darlington
Dick Darlington's picture

I can still hear the screaming. But soon the lamb will go silent.

Fri, 02/17/2012 - 14:18 | Link to Comment Reese Bobby
Reese Bobby's picture

I miss Ignatius.

Fri, 02/17/2012 - 15:16 | Link to Comment green888
green888's picture

I miss Incatatus (but maybe he is dressed as the pantomine horse, plenty of them )

Fri, 02/17/2012 - 14:12 | Link to Comment disabledvet
disabledvet's picture

So what happens when this happens to California?

Fri, 02/17/2012 - 14:15 | Link to Comment LawsofPhysics
LawsofPhysics's picture

good question, I suspect it won't matter by that point.  Now if you will excuse me I have to buy and hold some paper for about 0.0000000001 seconds.

Fri, 02/17/2012 - 14:57 | Link to Comment RichardENixon
RichardENixon's picture

I thought all you buy and hold guys had given up by now.

Fri, 02/17/2012 - 15:37 | Link to Comment tmosley
tmosley's picture

That made me chuckle.

Fri, 02/17/2012 - 21:37 | Link to Comment SAT 800
SAT 800's picture

Very good. Your screen name is always a pointed reminder that the current debacle did have a beginning, and a perpetrator; and we know who he was. Richard, "I am not a crook, " Nixon. But, He was.

Fri, 02/17/2012 - 14:15 | Link to Comment blu
blu's picture

Everyone gets a pony. I mean what do you expect? It's California fer gawd's sake.

Fri, 02/17/2012 - 14:21 | Link to Comment Citxmech
Citxmech's picture

FLMAO!

Fri, 02/17/2012 - 14:26 | Link to Comment machineh
machineh's picture

With 'Chicago Fed' saddlebags full of Skittles!

Fri, 02/17/2012 - 14:52 | Link to Comment Yen Cross
Yen Cross's picture

No crunches for me today. My stomach muscles are TOAST!

Sat, 02/18/2012 - 07:43 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Everyone got a pony in Poland.

Poland (and the Czech Republic) are soooooo underrated, bitchez.

Some would even say they're more free market than the vaunted United States (I would).

Fri, 02/17/2012 - 14:18 | Link to Comment Black Forest
Black Forest's picture

Angela Merkel will fly to LA and offer German help.

Fri, 02/17/2012 - 15:06 | Link to Comment Carl Spackler
Carl Spackler's picture

She'll ask for Big Sur as collateral.

Fri, 02/17/2012 - 19:17 | Link to Comment Cpl Hicks
Cpl Hicks's picture

I'm betting she'll ask for the contents of some of the weapons storage bunkers out at China Lake.

Fri, 02/17/2012 - 21:42 | Link to Comment SAT 800
SAT 800's picture

I remember watching video of an appearance of two Russian, nee. Soviet, men in a special New York Court for Customs Matters; One was an oficial and the other one was his attorney/translator. The Female Judge wrapped up by saying, "So, let me see; you want to trade big space rockets for hot dogs, right?", the two Russians conferred and then replied, "Da". They didn't have anything to eat and they didn't need the World's biggest missiles anymore, they needed hot dogs. Very interesting what happens in real life sometimes.

 

Fri, 02/17/2012 - 14:46 | Link to Comment MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

So what happens when this happens to California?

Arizona Bay?

Fri, 02/17/2012 - 15:06 | Link to Comment Dr.Vannostrand
Dr.Vannostrand's picture

Learn to swim

Shit, I'm in CA. Long arm floats & water noodles!

Fri, 02/17/2012 - 14:12 | Link to Comment stickyfingers
stickyfingers's picture

Backed by the US bonds they found in Zurich.

Fri, 02/17/2012 - 14:15 | Link to Comment slaughterer
slaughterer's picture

What he said.  

Fri, 02/17/2012 - 14:13 | Link to Comment bob_dabolina
bob_dabolina's picture

This means more profits for the ECB

Fri, 02/17/2012 - 14:29 | Link to Comment machineh
machineh's picture

They sold too soon, Bob.

Now they are kicking themselves -- made only 500%, when they could have got 600%.

Let's not make this mistake with AAPL, eh!

Fri, 02/17/2012 - 15:00 | Link to Comment Yen Cross
Yen Cross's picture

Verticle markets have narrow doorways.

Fri, 02/17/2012 - 15:01 | Link to Comment Yen Cross
Yen Cross's picture

Vertical markets have narrow doorways. Some has to close the hatch on the U-BOAT.

Fri, 02/17/2012 - 15:02 | Link to Comment Yen Cross
Yen Cross's picture

Vertical markets have narrow doorways. Some has to close the hatch on the U-BOAT.

Fri, 02/17/2012 - 14:14 | Link to Comment The 100 Trillio...
The 100 Trillion Dollar Man's picture

What date is the bank run?

Fri, 02/17/2012 - 14:18 | Link to Comment Seasmoke
Seasmoke's picture

March 20

Fri, 02/17/2012 - 14:52 | Link to Comment s2man
s2man's picture

That's March 20 for ZH'ers.  I'd give it a week or two before the sheeple stampede the banks.  And that is IF there is no bank holiday.  Man, will that be a real deer-in-the-headlights moment for J6P.

What little cash I keep in the banks will be withdrawn at the first default or bank closure.  And then I'll start popping the corn...

Fri, 02/17/2012 - 19:21 | Link to Comment Cpl Hicks
Cpl Hicks's picture

REAL ZHers say:

"Banks, we don't need no banks, we don't need no stinking banks!".

Fri, 02/17/2012 - 14:14 | Link to Comment Frank N. Beans
Frank N. Beans's picture

does that mean it's all over??

 

Fri, 02/17/2012 - 14:14 | Link to Comment blu
blu's picture

Wow I'm buying some of that!

You promise they'll pay though, right? They'll pay me back for sure right?

Fri, 02/17/2012 - 14:22 | Link to Comment radicall
radicall's picture

1:6 risk reward is not bad for a binary event. be a holdout and see

Fri, 02/17/2012 - 21:55 | Link to Comment SAT 800
SAT 800's picture

No, No, No. You don't understand. Bonds are a subject; you haven't studied this subject. The Bond itself is a beautifully printed piece of paper that says, for instance, face value 10,000Euro. The calculation quoted here on the blog means that the market for this instruments, these Bonds, is about 1500Euros. They trade back and forth in a market, like used cars. What the calculation of %629 interest is telling you, or telling all persons who are literate in Bonds, who "speak" Bond, is that NO; you definetely will not get paid back. The "haircut" that they keep referring to is the proposal to issue a Fiat declaration that the Bonds are now 5,000E. instruments, or 2500E. instruments; or whatever. The possibilities are that you will get some Euros back; possibly more than you paid for the thing; or that they will default and you will get nothing. There is a zero percent possibility that you will collect %400, or %600 or anything like that; that is merely a calculation that indicates the mood of the market in these instruments. I hope this helps.

Fri, 02/17/2012 - 14:15 | Link to Comment pods
pods's picture

Kind of looks like the US debt chart if you compress it.  

Why is it that debt based curves always end up looking like exponential functions?

Oh wait, that's right, cause they are!

pods

Fri, 02/17/2012 - 14:15 | Link to Comment Bluntly Put
Bluntly Put's picture

Load up! We will never have such an opportunity to get rich quick as this now presents itself. There is no way they will let Greece default, the motto is "No Piig Left Behind!"

A once in a lifetime opportunity!

:dancingbananas:

Fri, 02/17/2012 - 14:16 | Link to Comment Gubbmint Cheese
Gubbmint Cheese's picture

Like bacon and eggs - the ECB's eggs involved.. but the PIIGS are committed.

Fri, 02/17/2012 - 14:16 | Link to Comment Seasmoke
Seasmoke's picture

i rather have the Chicago Fed Bonds

Fri, 02/17/2012 - 14:21 | Link to Comment Bluntly Put
Bluntly Put's picture

One cartel's counterfeit security is another's collateral.

Think about it.

 

 

Fri, 02/17/2012 - 14:18 | Link to Comment Stoploss
Stoploss's picture

Oh, i see, they default on the OLD bonds.

Got it.

Fri, 02/17/2012 - 14:18 | Link to Comment hotkarlandthecl...
hotkarlandtheclevelandsteamers's picture

Can a nigga get a tabledance.

Fri, 02/17/2012 - 14:18 | Link to Comment RSloane
RSloane's picture

That is just unreal, in every sense of the word.

Fri, 02/17/2012 - 14:18 | Link to Comment JPM Hater001
JPM Hater001's picture

The second chart at the end reminds me of John Travolta in Staying Alive with the finger thing. 

Fri, 02/17/2012 - 14:39 | Link to Comment NotApplicable
NotApplicable's picture

It's the perfect picture of what I try to explain to people. Most every system exhibits a pendulum-like behavior over time as the action/reaction cycle creates the whole idea of reversion to the mean, along with over-shooting it. In absence of additional energy, the swings within the system dampen down as the corrections of the past work ever closer to the mean. Once the mean is able to be maintained, the system is once again stabilized.

But in our financial system, there can be no let up in energy added, causing the system itself to grow ever more chaotic as the mean is overshot farther and farther with each reaction. Eventually the system itself cannot withstand the stresses of both the increased amplitude, and it's resulting reversal of this larger inertia.

Then once I've lost people with this explanation (gotta work on the brevity), I go back to the idea of a physical pendulum, and ask them what happens if you push harder on each and every reversal. Why the pendulum will break, of course, and so will any other system with pendulum-like behavior.

Fri, 02/17/2012 - 14:50 | Link to Comment smiler03
smiler03's picture

The second chart is a mistake, it's actually a seismograph of a new volcano about to erupt in Syntagma Square.

Fri, 02/17/2012 - 14:18 | Link to Comment pan
pan's picture

Gold and silver bitchez!  This is no time to believe in the power of positive thinking!

Fri, 02/17/2012 - 14:28 | Link to Comment slaughterer
slaughterer's picture

Weird day for commodities:

gold/silver down

natural gas spiking up

copper down

Weird.

Fri, 02/17/2012 - 14:57 | Link to Comment s2man
s2man's picture

Weird is the new normal.

Fri, 02/17/2012 - 15:12 | Link to Comment Carl Spackler
Carl Spackler's picture

Central planning and falsehoods are real the new normal.

Just think, the Iraqi Information Minister was a little before his time. 

With his skills, he could be making millions of ever-more-worthless fiat currency in this era of history!

Fri, 02/17/2012 - 14:21 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Pay no attention to the bankrupt European State behind the curtain!

Fri, 02/17/2012 - 14:23 | Link to Comment xela2200
xela2200's picture

NOTHING to see here. Just move along everybody.

Fri, 02/17/2012 - 14:28 | Link to Comment Dermasolarapate...
Dermasolarapaterraphatrima's picture

629% slightly better then my high yield 0.09% acct ....mmmmm

 

http://www.crossfitnewmarket.co.nz/wp-content/uploads/Funny-Pig.jpg

Fri, 02/17/2012 - 14:41 | Link to Comment NotApplicable
NotApplicable's picture

See how valuable the FDIC is?

Fri, 02/17/2012 - 22:00 | Link to Comment SAT 800
SAT 800's picture

Not sure what your intent was; but I had to chuckle at that one; and a chuckle is good on Friday Afternoon, Cheers.

Fri, 02/17/2012 - 14:29 | Link to Comment Atomizer
Atomizer's picture

Any bets on this reaching 875%?

Fri, 02/17/2012 - 14:31 | Link to Comment daxtonbrown
daxtonbrown's picture

I'm all in at 629%

Ha! to all the suckers only getting 100%

Fri, 02/17/2012 - 14:33 | Link to Comment dwdollar
dwdollar's picture

Might as well let it go to a 1000% at this point...

Fri, 02/17/2012 - 14:37 | Link to Comment slackrabbit
slackrabbit's picture

I'll take that action........do you take dracma?

Fri, 02/17/2012 - 14:34 | Link to Comment rubearish10
rubearish10's picture

Yeah and it's offered where, 4% ???

Fri, 02/17/2012 - 14:36 | Link to Comment monopoly
monopoly's picture

Very nice yield. I am all in. :)

Fri, 02/17/2012 - 14:42 | Link to Comment NotApplicable
NotApplicable's picture

Greek bonds are fast becoming the sovereign version of PowerBall tickects.

Well, other than the random odds thing.

Fri, 02/17/2012 - 14:48 | Link to Comment Kiwi Pete
Kiwi Pete's picture

Stick a fork in them. They're done! Especially with the good newa coming out of Iceland. Why wouldn't you default?

Fri, 02/17/2012 - 15:12 | Link to Comment surf0766
surf0766's picture

And someone just robbed their museum.

Fri, 02/17/2012 - 15:46 | Link to Comment shutdown
shutdown's picture

 

 

... someone with a German last name! 

Fri, 02/17/2012 - 15:06 | Link to Comment turtle777
turtle777's picture

Bullshittish. The sky is the limit.

Fri, 02/17/2012 - 15:07 | Link to Comment Miles Kendig
Miles Kendig's picture

Get the doctor I think I'm gonna crash

http://www.youtube.com/watch?v=4tcXblWojdM

Fri, 02/17/2012 - 15:10 | Link to Comment americanspirit
americanspirit's picture

Anyone who thinks 629% is the end isn't reading the tea leaves. Is anyone stopping to reflect on what this world is coming to? 629%?

Fri, 02/17/2012 - 16:01 | Link to Comment Instant Wealth
Instant Wealth's picture

Default on Monday at 666%

Fri, 02/17/2012 - 15:12 | Link to Comment Pancho Villa
Pancho Villa's picture

The incredible shrinking GGB. I think I'll wait till April to pick up one or two for $1.99 on ebay.

Fri, 02/17/2012 - 15:16 | Link to Comment Nobody For President
Nobody For President's picture

629% On 1 year bonds? Brethern, We Are Saved!

I always wanted to get rich - back up the truck.

These are soverign bonds, too! Boy, in a year from now I'm gonna be rich!

Backed up by the whole Euro zone, too.

 

What could possibly go wrong? 

Fri, 02/17/2012 - 15:20 | Link to Comment HungrySeagull
HungrySeagull's picture

I suppose if I bought this and someone owes me 600% today, why bother?

I rather wait until it hits 1000% and then make a move yah?

Fri, 02/17/2012 - 15:42 | Link to Comment Seasmoke
Seasmoke's picture

LEOOOOOOOOOOOOO !!!!!!!!!!!

Fri, 02/17/2012 - 20:32 | Link to Comment Finance Bandit
Finance Bandit's picture

To get a 629% return the $1,000 bond is trading about $137. If they are talking a 75% haircut, then it is likely the bond will payoff only $250 not the $1,000. So still room to get over 80% yield on your $137.  But, I figure the market is also pricing so your expected return is only 20%. So for the math to roughly work the market is saying something like the odds are 65% you get your $250 in a year and 35% that you get $0. 

No way anyone is getting 629% on these bonds!

Fri, 02/17/2012 - 22:05 | Link to Comment SAT 800
SAT 800's picture

That;s correct. I hope everyone who doesn't understand reads your post; no-one will get %600, or %500, or %400; this will not happen. When I say this; I am not speculating, this is not an opinion; this is the way the thing works. The calculation is a statement to the effect that, "Gee, we don't have much faith in these Bonds"; but it is not an attempt at an actual calculation of a possible yield.

Sat, 02/18/2012 - 03:17 | Link to Comment suckerfishzilla
suckerfishzilla's picture

Silver could be over $200/oz in a years time.  That's what I'm scrounging for.  It could happen.  You never know.

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