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Precious Metals Surge As QE3 Now Merely A Formality

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Fri, 09/02/2011 - 09:05 | 1625874 Inibo E. Exibo
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Good morning, America.

Fri, 09/02/2011 - 09:09 | 1625910 WonderDawg
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Another day, more QE speculation, more gold and silver pumping. What's new?

Fri, 09/02/2011 - 09:19 | 1625984 thermroc
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Everyday is new. Will this be the day the rotten hulk cracks?

Fri, 09/02/2011 - 09:27 | 1626039 Bullionaire
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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.





Fri, 09/02/2011 - 09:39 | 1626103 LvMises
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Does anyone think $44.95 is a good premium for Maples? I found these guys on Gold Shark: https://www.texmetals.com/

Fri, 09/02/2011 - 09:45 | 1626132 spiral_eyes
spiral_eyes's picture

Nouriel Roubini is looking like an idiot today...


Fri, 09/02/2011 - 09:58 | 1626209 Bringin It
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Nouriel the Bankster shill.

Fri, 09/02/2011 - 10:11 | 1626280 Hearst
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  • 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.

Fri, 09/02/2011 - 10:48 | 1626459 sheeple2012
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LOL Gartman,  I am short of him...

Fri, 09/02/2011 - 11:55 | 1626759 Pegasus Muse
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the dickhead probably shorts his own advice.

Fri, 09/02/2011 - 12:48 | 1626940 Smiddywesson
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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.

Fri, 09/02/2011 - 14:45 | 1627342 akak
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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

Fri, 09/02/2011 - 10:03 | 1626243 DosZap
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Nouriel, looks like an idiot  most days, what's new.?.....LOL

Fri, 09/02/2011 - 09:47 | 1626144 WarriorClass
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Yes, Kitco is at $46.53, but most dealers are 5% over spot price.  So you have a good deal.

Fri, 09/02/2011 - 10:05 | 1626258 DosZap
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Do Not buy from Kitco if your not in Canada.The shipping willl kill you.........no need to buy outside US,if you live here.

Fri, 09/02/2011 - 10:08 | 1626271 FeralSerf
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Tulving is $34.95 over spot for Maples.

Fri, 09/02/2011 - 13:51 | 1627158 EINSILVERGUY

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.


Fri, 09/02/2011 - 10:41 | 1626432 Solid
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I didn't need that image.

Fri, 09/02/2011 - 10:56 | 1626499 RealitiveMind
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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

Fri, 09/02/2011 - 11:07 | 1626549 gmrpeabody
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Hey..., you're that "stay thirsty" guy, aren't ya?


btw... I agree with you.

Fri, 09/02/2011 - 12:33 | 1626878 Transformer
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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.

Fri, 09/02/2011 - 13:27 | 1627081 RealitiveMind
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.

Fri, 09/02/2011 - 11:13 | 1626587 packman
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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 mises.org and zero hedge - something that's written thoughtfully and civilly, but also provides in-depth current news.


Fri, 09/02/2011 - 11:39 | 1626607 gmrpeabody
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But I like Tyler's style..., a little "attitude" is just what the doctor ordered.

Fri, 09/02/2011 - 11:19 | 1626618 unununium
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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.

Fri, 09/02/2011 - 11:48 | 1626724 RealitiveMind
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.

Fri, 09/02/2011 - 11:55 | 1626757 unununium
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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.

Fri, 09/02/2011 - 12:44 | 1626923 RealitiveMind
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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.

Fri, 09/02/2011 - 12:57 | 1626971 Smiddywesson
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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.

Fri, 09/02/2011 - 11:20 | 1626621 Jreb
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.

Fri, 09/02/2011 - 12:22 | 1626849 Calculated_Risk
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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?


Fri, 09/02/2011 - 12:36 | 1626898 Transformer
Transformer's picture

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

Fri, 09/02/2011 - 11:22 | 1626624 Jreb
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Crap - I post twice a year and this time it's a double - sorry folks.

Fri, 09/02/2011 - 11:41 | 1626696 gmrpeabody
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Does this mean that you can't post till next year?

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

Fri, 09/02/2011 - 12:14 | 1626825 clymer
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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.


Fri, 09/02/2011 - 13:03 | 1626998 RealitiveMind
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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.

Fri, 09/02/2011 - 14:11 | 1627243 Lazlo Toth
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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.


Fri, 09/02/2011 - 15:20 | 1627483 RealitiveMind
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.

Fri, 09/02/2011 - 12:51 | 1626953 Smiddywesson
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Fri, 09/02/2011 - 13:55 | 1627183 EINSILVERGUY

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



Fri, 09/02/2011 - 14:04 | 1627219 Are you kidding
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?

Fri, 09/02/2011 - 19:57 | 1628516 ToInfinityAndBeyond
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.

Fri, 09/02/2011 - 19:57 | 1628519 ToInfinityAndBeyond
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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.

Fri, 09/02/2011 - 09:21 | 1625997 oddjob
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What's new?

Your incredibly bad calls look even worse today.

Fri, 09/02/2011 - 09:22 | 1626003 fuu
fuu's picture

I snickered.

Fri, 09/02/2011 - 09:49 | 1626152 WonderDawg
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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.

Fri, 09/02/2011 - 10:15 | 1626297 RockyRacoon
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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.

Fri, 09/02/2011 - 10:31 | 1626385 WonderDawg
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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.


Fri, 09/02/2011 - 10:34 | 1626402 Bob Paulson
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Get more metals. You'll whine less ;-)

Fri, 09/02/2011 - 10:49 | 1626420 WonderDawg
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That's the plan. Always has been.

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

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