Precious Metals Surge As QE3 Now Merely A Formality

Tyler Durden's picture

We dont have real time pricing on spam, but luckily we do on gold and silver. And to all those who BTFD in the past 2 weeks as we suggested, congratulations. Next up: another futile CME margin hike which will do nothing but confirm that a standalone gold standard is imminent.



courtesy of Bloomberg

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Inibo E. Exibo's picture

Good morning, America.

WonderDawg's picture


Another day, more QE speculation, more gold and silver pumping. What's new?

thermroc's picture

Everyday is new. Will this be the day the rotten hulk cracks?

Bullionaire's picture

Unless Blythe succeeds in whacking silver for at least $7 before today's close _grin_ Tuesday will be Day 36 of the negative JPM:SILVER ratio phenomenon.





LvMises's picture

Does anyone think $44.95 is a good premium for Maples? I found these guys on Gold Shark:

Bringin It's picture

Nouriel the Bankster shill.

Hearst's picture
  • Add doubting Dennis Gartman to the shill list.  Who recently said Gold was the 'one of the great bubbles of our time' and had finally popped!


Bought out banker agents.  Know these cocksuckers for who they are.

sheeple2012's picture

LOL Gartman,  I am short of him...

Pegasus Muse's picture

the dickhead probably shorts his own advice.

Smiddywesson's picture

If it's a bubble, it's a bubble that forms every time a currency is destroyed.

Bubbles don't reinflate, especially after vertical prices and margin hikes.

It just shows that most of the "experts" out there are really just copying each other and spend no time whatsoever reading history and looking at the big picture.

Idiots proven wrong, over and over again, for ten years.

akak's picture


Don't you know that reading history is subversive and unpatriotic, and soon to be outlawed by Patriot Act III?

War is Peace

Freedom is Slavery

Ignorance is Strength

Paper is Money

Government is Your Friend

DosZap's picture

Nouriel, looks like an idiot  most days, what's new.?.....LOL

WarriorClass's picture

Yes, Kitco is at $46.53, but most dealers are 5% over spot price.  So you have a good deal.

DosZap's picture

Do Not buy from Kitco if your not in Canada.The shipping willl kill need to buy outside US,if you live here.

FeralSerf's picture

Tulving is $34.95 over spot for Maples.


At todays spot price Yes,

Expect to pay about $3-5 dollars over spot for Maples or ASE's.  Gainsville coins is reputable.  I have bought 5 figures of PM's from them I have never heard of Texmetals.


Solid's picture

I didn't need that image.

RealitiveMind's picture

I know it's the fight club and all, but if I might point out that Zero Hedge is probably the most accurate source of information I am aware of, and as such, there is a wide spectrum of readers.

I happen to have been blessed with a couple of smart kids, (both started college before they were teens . . . it must skip a generation), and we discuss the topics from here almost daily considering this melt-up/melt-down will likely affect them more than us.  They LOVE the sarcastic/dry humor and the fact that there are some incredibly smart people lurking around here who in a strange way, are their peers.

When you post things like SUCK IT HARDER YOUR HAIRY ****!!!, it makes it very uncomfortable to sit with my daughter and read through them.  I might add that it doesn't put you in a particularly good light.  We have a standard of behavior in our family that is simple . . . if you wouldn't say it in front of Grandma, then you shouldn't say it.

I know I will likely take a beating for saying this, just trying to help my kids have access to great information.

I think it would be a good idea.
Mahatma Gandhi, when asked what he thought of Western civilization

gmrpeabody's picture

Hey..., you're that "stay thirsty" guy, aren't ya?


btw... I agree with you.

Transformer's picture

What sarcastiic/dry humor?  You mean this shit is spose to be funny.  The middle class getting boned, America destroyed.  That's funny?  But I'll tell you what is funny, some some guy trying to make a case for censorship.  You're probably the one that can't deal with your daughter reading it, not her.  Young, well educated people talk about everything with a frankness that our generation could not even conceive of.

RealitiveMind's picture

Do you have a daughter?  It might change your perspective.

Do you have a sense of humor?  There some very funny people posting here, I love it, global domination not withstanding.

As I wrote earlier, and you took out of context, I was merely pointing out to the people who care, obviously you don't, that we have kids reading our favorite site.

All words are fair game, the first amendment is essential, decorum optional.

When you speak for all well educated young people, I have to laugh.  Apparently you left out a sub-group of classy, respectful young people.  Those are the ones I see over at our house daily.

packman's picture

A big +1 on that.

ZH is a fantastic source of information - quick, and thorough, and (usually) accurate.  I just wish it were written in a much less hyperbolic and tabloidish style.  I suppose it goes along with the author's background (I won't say who because he apparently intends to remain anonymous, but you could probably figure it out).  I just wish he would rise above.  It would lend a lot more credibility to the site, and as a result do a lot better job of "getting the message out".

To me an ideal site would be a cross between and zero hedge - something that's written thoughtfully and civilly, but also provides in-depth current news.


gmrpeabody's picture

But I like Tyler's style..., a little "attitude" is just what the doctor ordered.

unununium's picture

Topic for conversation with kids: Does Blythe Masters deserve the abuse?  Discuss.

Things to remember: friends, relatives and neighbors who have lost jobs, retirement accounts worthless, diminished economic prospects for youth, societal decay.

RealitiveMind's picture

Does Blythe deserve the abuse?

Every time I hear that name I can't help but think of Blythe, California.  Have you ever been there?  Many folks have driven through as it is on a main LA to Phoenix artery.  I suspect that right now it is 120 degrees and talk about a harsh environment.  That is my vision of Blythe.

On the other hand, in my experience most people don't know they are evil.  She started with Satan and Co. as an intern during college and has been there ever since.  She doesn't know anything else.

unununium's picture

Is shearing sheep and slaughtering livestock "evil?"  That's how these people think of it.  The answer of course is that treating human beings like livestock is the very essence of evil.

PS Get advice from someone who skipped grades, skipped high school for JC, etc. before you curse your kids by doing that to them.

RealitiveMind's picture

I don't know if she is a member of the Fabian society, but your characterization is consistent with her choices.  I'm just saying that given the culture she lives in, she likely doesn't see it that way.  It seems consistent with Darwin.

My kids did not skip grades, (until recently anyway, see below), their college is/was concurrent.  They both have a unique interest in a particular area and could not get what they wanted, so we had to look outside.  Many of their classes are on-line.  The oldest was bored to tears with high school and just recently finished two years early so she could focus on college and her business.  The youngest just blows my mind and he is the funniest kid I know.

They will be going to the opening game of the high school football season tonight and always go to things like school dances.  We live at the beach and spend a lot of time in the water.

I don't know what your parents did to you, but these kids live great lives.  We travel a lot and they don't see the world myopically.  They are surrounded by family and love.  Their friends are wonderful human beings and the whole group of them gives me a great deal of hope for our future. 

The one thing that distinguishes them from us, (collectively), is that they don't compete, they collaborate.  Sharing and giving is stress-free compared to competition.  BTW, I love being a Dad.

Smiddywesson's picture

Er..I'm not a Bible thumper, but I don't think God cares how Blyth sees things.  She and her ilk are evil.  There is just no way around it.  Sorry.

Defining what is good and bad according to what your peer group says or what you personally think is the hallmark of an evil person.  Subjectivism can justify anything.

Jreb's picture

You sir - are correct. I have a ten year old son who is very bright who is ready to start learning about the real world. Unfortunately, I am loathe to allow him to read here because of the lack maturity amongst some of its posters. I will remain however - a loyal ZH reader. Keep up the great work Tyler and welcome Mr. Realitive.

Calculated_Risk's picture

who is ready to start learning about the real world



So, in your "real world" nobody gets nasty and vulgar? They all sit around and sing kumbaya?


Transformer's picture

Yeah, that's it Kumbaya, and Row, Row Your Boat.

Jreb's picture

Crap - I post twice a year and this time it's a double - sorry folks.

gmrpeabody's picture

Does this mean that you can't post till next year?

If you don't reply, I will know your answer.

clymer's picture


Sorry, Bud. Not everyone is as crass as the originator of the comment. That being said ..welcome to the internet.

If that offends you, you should be be incensed at the manner in which your Nation is being gang-raped by a small cadre of control freaks.


RealitiveMind's picture

It doesn't offend me, I didn't say that.  I believe the first amendent should be defended, all words, period.

My comment was directed toward those of us who might be more selective when kids are around.  I used to live on a golf course, think we don't hear F-bombs all day?  But I have noticed that the golfers were more respectful when kids are around.

Lazlo Toth's picture

You are a good man.

If your daughter is underage she may not want full Thunderdome exposure.

I do appreciate your educating them in the ways of the world.

Some of us here don't have full decency in conduct.

But most of us here don't expect children about.

So... I think explitives as such should be limited when they dont have a use.

But she should know that coming here, there are a lot of stinky, sweaty, hairy, men and women.

Kings and countrymen - paupers and thieves.


RealitiveMind's picture

Thanks Toth.

As a postscript, I told my daughter about this thread.  She thought about it for a few seconds and said; "thank you Daddy, I love you", man that kid is something.  Then she briefly detailed her thoughts about school.  I will paraphrase.

When they put me in the advanced classes in junior high, I hated it and was stressed.  I wasn't learning more, just doing more work.  When I got to high school I enjoyed the social aspect and because I didn't take a full load of AP, I wasn't overloaded so college became interesting.  By switching to an on-line high school I began to see that there is a whole world out there during the day, with people doing things and being productive.  That motivated me to get high school out of the way so I could start my own business.  The classes I was taking in college were the same as the ones I was taking in jr and sr high school mostly.

What I really like about college is that you can just talk to anyone.  In high school, everyone says don't judge, but they all do, myself included.  Being stuck in an environment all day with people that have minimal differences in mannerisms, dress, perspectives, is not diversre and enriching.  In college everyone dresses casual and nobody cares.  I interact with people of all ages daily.

With my business I have learned that if you don't perform, you don't get paid.  In school you can slide along and nobody at the school would care.  I also get to have my brother help me on projects and we share in the profits.  I learned that I can count on him and trust him.  My friends are still my friends because they truly don't judge me, but they do share their opinions.


As for the language thing, I think one poster got it right when he said it was me who was uncomfortable.  My daughter says that is because I want to protect her and she's right, I'm her Dad and I love her more than anything in the world.


Add me to that list

My father always told me the "Profanity is the crutch of an inarticulate person" 

I often swear like a sailor, so the lesson hasn't completely taken hold



Are you kidding's picture

Descriptive language is part of life...if they're REALLY smart, they'll realize "they're just words".  Boys should be allowed to be boys, haven't we been feminized enough?

ToInfinityAndBeyond's picture

As a woman who is comfortable with every hard "c" word in the book, and who has used f*ck_ in front of her conservative grandmother when necessary (even though she thought it excessive), I wholeheartedly agree. As a group, we are smarter than this and can hold ourselves to higher standards.

ToInfinityAndBeyond's picture

As a woman who is comfortable with every hard "c" word in the book, and who has used f*ck_ in front of her conservative grandmother when necessary (even though she thought it excessive), I wholeheartedly agree. As a group, we are smarter than this and can hold ourselves to higher standards.

oddjob's picture

What's new?

Your incredibly bad calls look even worse today.

WonderDawg's picture

You talking to me? What incredibly bad calls are you referring to? I haven't made any calls on here, have I? The only recent trade I made was buying some BAC at 6.60 and selling at 7.95. Other than that, I'm keeping my powder dry.

RockyRacoon's picture

You're the guy at the horse track waving around his winning ticket... while standing in an ankle deep pile of losing stubs.

Easy to spot.

WonderDawg's picture

Not likely. I rarely talk about what I'm doing, keep my cards pretty close to my vest. The only reason I mentioned it was the guy who posted above. I've made plenty of bad calls, and a lot of good ones, but you don't generally find me posting them.

I guess I've just got QExhaustion, and it seems that every day that's all we do is speculate about QE. We did it for months before QE2 ended, we did it for months before Jackson Hole, now we're doing if for September. Whatever. Ultimately, we get the same outcome, QE just brings into question the extent of the damage.

I guess it was the gold and silver pumping comment that got everyone riled up. I like gold and silver. I own some physical. The higher it goes, the better off I am. I wish I had bought more when I first started buying, but I think most of us could say that. The point I was trying to make was, it seems every thread is a repeat of the last one, and the topic of discussion never changes much. But that's just me whining, I guess.

Have a good un.


Bob Paulson's picture

Get more metals. You'll whine less ;-)

WonderDawg's picture

That's the plan. Always has been.

edit: but that doesn't mean I'll whine less ;-)