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Silver Corzined, Stocks Einhorn'd, Financials/HYG Iksil'd
S&P 500 e-mini futures closed at their day-session lows, below yesterday's day-session lows, and heading for overnight lows rapidly - once again giving up some decent early gains amid much heavier volume into the close. Markets were a mess today. Risk-assets in general had the highest intra-correlation in a long-time - with FX, credit, rates, curves, and stocks moving in almost lockstep all day (up then down). Equities were smashed left, right, and center by comments from the Ira Sohn conference (as it seems people have given up reading hedge fund 13Fs) with Einhorn's comments in particular showing up just how fragile and thin the real liquidity picture is so many stocks. Silver plunged just after the European close (margin/collateral calls?) and dragged the rest of the commodity complex down with it as stocks basically turned on a dime after hitting yesterday's closing VWAP this morning. Treasury yields rose and plunged in the same pattern - ending the day marginally lower than overnight low yields at the long-end but marginally higher at the short-end (post FOMC minutes). Financials were the worst performer again, down around 1.5%, with the majors in particular now starting to catch up to credit market's long-held conviction on these names (with MS -10.5% YTD and BofA plunging today but still +27.8% YTD). Gold remained relatively stable getting a lift post-FOMC (along with silver as the inevitability of QE was clear - but an equity plunge necessary before it can occur). Credit markets are not done worrying yet - and that weighed on JPM (-2%) as IG9 pushed above 150bps offered for the first time this year and HYG (the high-yield bond ETF) collapsed along with HY credit spreads. Still doesn't feel capitulative as overnight nerves for Greece remain high.
HYG plummeted today, its biggest drop in over 2 months and nearing its 200DMA and to its lowest in 4 months 9amid its highest volume in 4 months!) - catching up to HY18's dismal performance as credit overall continues to lead stocks lower...
HYG is seeing escalating volume, multiple sigma price drops, and multi-month low prices (there's a reason high-yield bonds are well high-yield...)...
BUT note that HYG merely plummeted to catch up with SPY's recent deterioration - and is now massively cheap to intrinsics (real bond-based fair-value). What worries us now is that this will cause the PMs to start selling the HY bonds in the underlyng portfolio should we see redemptions and into an illiquid falling market...
Silver dominated the moves in commodities today - with a post-Europe close plunge that recovered some in the afternoon as we suspect liquidations continue...
Which is interesting as we note the Gold/Silver ratio is now back to unchanged YTD and sitting at what seems to be an important historical level...
Financials continue to mean-revert to reality...
Intraday, credit markets led stocks lower (mainly HYG and VXX driven - upper left chart below) but across broad risk-assets, CONTEXT and ES were in almost perfect sync all day (right hand side charts) with correlation extremely high and systemic (lower right chart). VIX pushed higher again (as expected) and tracked with equity/credit implied fair for much of the afternoon (lower left chart)...
Charts: Bloomberg and Capital Context
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Hang Corzine
Silver and Gold = MonkeyHammered
USD = longest rally since 1985
Tim/Ben = 100
Goons = 0
Don't fuck with the Fed.
MF
Do you have any mental issues?
I suggested a few days back to buy FAZ (triple short the financials). Glad I did. Did anyone else buy FAZ?
Unfortunately I did not see your FAZ recommendation but I was thinking along your same lines. I had shorted financials via SEF, simple inverse on financials, no leverage....woulda coulda shoulda but at least didn't miss it all.
BW
nice, tyler! bottoms up!
bong-ho, BiCheZ!
You'll be lucky to get your money back out of these deriviatives, which is what you are investing in. When the house of cards comes down only gold and silver will be left standing. Your buying window is waning.
I don't disagree with your thoughts.
FAZ is a 2008-style "deflation" hedge. Remember the miners, gold, silver etc in 2008? They all crashed while FAZ jumped to 10,000/share.
You bought some of my shares.
faz fails too often. Better leverage vs spy (4x) using VXX. I'm even using a VXX call right now, not the actual shares.
http://scharts.co/Mn7ecf
I'd say in this case by shares you're equal both ways for recent performance.
I'd say for Options FAZ did better so far but I distrust it based on past correlation problems with SPY - simply trending the wrong direction or far too weak compared to what it's to attempt at 3x bearish vs SPY/s&p500.
Anyhow, best of luck to both our trades
An update on the 10 year: 1.77%! Phenomenal! The flight to safety is on. And much to the dismay of doomer golbugs, it is to US Treasuries, NOT gold and silver.
....but you can't EAT treasuries.
....and TREASURE is gold and silver anyway, NOT paper. My first grader knows that!
first graders value candy more than metal.
toys are all candy colored and not many silver or gold.
My third grader picked out her own first silver eagle at the coin shop a few months ago. They also had a candy dish. She liked the candy, and loves the coin.
for you, and your daughter,
http://www.youtube.com/watch?v=EkaKwXddT_I&feature=related
wisdom.
Candy is often wrapped in gold or silver foil.
I'd switch to a chocolate loonie currency if the chocolate was a better quality. Those gold coins are for kids.
That'd sure throw the banksters for a loop, wouldn't it?
Maybe we should back the currency with Cocoa beans- at least no one can claim that you can't eat them.
My hypothetical vote is for dark chocolate, though- that milk stuff is just too sweet to make good money.
Fail
Toddler wants silver not paper - moneybags73 - Humans Have A Natural Instinct To Desire Real Money Over Paper Fiat!!! - YouTube
Saftey? Treasuries, the prettiest horse in the glue factory!
In 2022 T-bills will make excellent toilet paper. I will pay you in gold to wipe my ass! Tool!
however, government will subtract 28% of your gold's value as collectible tax + 10% sales tax on whatever you buy with it.
so you may win against someone with dollars hidden under the mattress, but you will still need to sell more gold for real assets due to tax eating away big chunk of your "profit".
only way to win is leverage up on metals.
so basically we are all fucked.
28% of the "gain". "I paid $2500 for my gold and I have the reciepts to prove it" Hedge your Gold purchases by investing in blank invoices...
Besides, I will not be selling my Gold for FRN's, I will be trading it for essentials, like lead.
But I did give you an UP for the "We are all Fucked" comment.
All my invoices were on the boat that went down with my gold.
LOL! Zhedge readers are witty, well read and mostly brilliant, but really shitty boaters. I'm sorry about your loss.
How about barter AH?
I think that when you own p.m.'s you can exchange them without the government knowing. Unless you are a tool, trade for what you need and starve the beast
Correct, not just in theory, but in practice as well.
I've "sold" over 100 oz of silver to private parties, as part of the pump priming I've described here in the past. By comparison, I've sold (note the lack of quotes) 4 oz of silver to retail storefronts. 1oz was an experiment, and the other three were a desperation move because I messed up my weekly budget, needed to cover gas and lunches for a week (Yes, life is that cheap out here in the sticks.) In both cases where I sold retail, I got *ahem* "monkeyhammered". The private barter/sales have all been profitable, and helped me prep at a lower dollar cost average than I would have had using USD. And though few talk about it in these terms, prepping is the real trade. The money saved by sidestepping food inflation with a pantry absolutely smokes the returns on equities in this climate, and that leaves dry powder to snatch up stagnant or depricating goods that are still in the CPI index.
Only a fool sells retail, and only retail reports capital gains. If you're buying silver, you're buying apocalypse funds, and you need to use it accordingly. Gold is a different matter, but silver is for beans and bullets- if you keep to that paradigm, it's a no-brainer. Buying silver is not an "investment"- it's a currency exchange- I don't tell the .gov what I buy in cash, and I refuse to do so for my silver transactions as well- it's not even tax evasion; I paid withholding tax on the income, and sales tax on the coins- what I do with them after that is my own business. And TPTB agree- why else call PMs "commodities"? After all, no one taxes you for wheat in your pantry because the price of bread went up.
I don't say this to be a pain in the ass, or just to see myself type, either- any one of us could have made more money this year by buying equities and timing the sale correctly. If you are bored enough to look it up, I recommended BAC for this at about 4.50- a guy doing that would have made a damn nice fiat profit, even if they held it from then until today. Silver is, despite the constant whining of Max Keiser and MDB, different. It is one of the few ways to withdraw consent- even if you take a material loss, it's a political statement about the currency system. Subborn bitchez like me enjoy that sort of thing, and are willing to forgo a new car and a Rolex to make a point.
If you're reading this, and that does not describe your attitude, steer clear of the devil's metal. I still believe that silver is for longs only, and anyone betting short term in either direction is asking for trouble- few things move faster, harder, or more irrationally. If you're not fighting the establishment, you need to buy or short (depending on your dispostion) the FB IPO tomorrow, and proceed from there.
I have said this many times. Buying the precious above all: IS AN ACT OF REBELLION!!!
Great Post!
Sounds like you are well ahead of the game. My only suggestion to you sir is that you ensure you are using a Tor onion router, clear your caches, and never use your handle on a public machine.
You've openly declared that you are bypassing sales tax and in the new normal of the USSA that will be tantamount to "you are a t3rrorist and must have all of your assets nationalized as you go for 'retraining' in a FEMA camp."
Do be careful sir.
Have you considered expatriation to somewhere less draconian?
Nage42.
#1 black market barter coins for goods/services
#2 tax-free brokerage account (Canada)
#3 emigrate from USA if you can. NOW.
MillionDollarBankrupt "..to the dismay of doomer golbugs, it is to US Treasuries, NOT gold and silver."
it's not to the Russel 2000 either, Bernank must be upset
it's not to the stock markets either, are you crying?
do you know how much of the Treasury market is now effectively owned (and propped up) by the counterfitters at the Fed???
...haven't you got the sneaking feeling the US Govt is living on borrowed time (money)? ..they can't even decide a budget let alone a balanced one, how do you think they can run a country you pinhead?!!
Zero Govt...MDB has no money, notta, zero, no capital. MDB's words are clearly indicative of that.
He is a liberal democrat and AMATEUR ala Obama. The state is his savior not savings and investment.
Yeah, you can't eat Treasuries, but I understand it costs less than $5 an ounce to print them.
sarc/off
Eally Ucked asked Max Fischer:
Any? He has the entire set.
Your sub $20/oz call by summer last spring is almost coming true.
It won't go below 20, but it will probably hit 21. Too bad you won't be able to buy any at that price, and then when the QE spigot is turned back on it will be too late and the price will skyrocket. Buy metal now bitchez.
No I'm going to time this window perfectly, even though I've been wrong wrong wrong since 2009...
try 1971!
FORTUNES have been made fading my calls... L0L!!!
What is "price" if it doesn't mean "the amount of fiat you need to buy" something?
I sense a contradiction. Or a misconception. Or maybe both.
Totally OT but what type of music do you listen to?
Boingo...
http://www.youtube.com/watch?v=sROhhid5CB4
Outside the mythos is where it's at.
Nice bio.
http://www.youtube.com/watch?v=_b6opMEu-zM
Saw them live! Loud, long and awesome! IMHO, Steve Bartek is one of the most talented guitarist of all time. Danny Elfman is a true musical genius. Now he is almost completely deaf and still composes movie scores and soundtracks. SIIICK!
I wish I could uptick your bio
LOL Kenny, me onli pon in gam of lif!
The EU is just a Dead Man's Party!
Nice tie-in Rocky... "everybody's coming, leave your body at the door."
+1.First order control systems.
JTyler, is it possible that we get children of men pictographs in here?
My Love XoXo ...........................
MAX FISCHER JUST PROVED.... HUMANS HAVE AN ATTENTION SPAN OF A GNAT
well done MAX...
Let me know when you have faced an SS yankee white agent like Timmah face to face. Untill then, stack shiny metals with your shedenfrueden attention span. Pb. > Au. > Ag.
Did you ever hear about Bobby Fischer's (the brilliant chess master) conjoined twin? They were joined at the brain, and let's just say bobby made out with most of it in the operation and Mad Max spends his days eating glue.
This goon just BTFD bitch!
The noose is tightening around the bond monkeys neck ever so slowly.
Phyzz for $28.5/oz today in hand. Unencumbered. Bitchez.
Gold: http://www.kitco.com/charts/popup/au0365nyb.html
Cliff notes version: High of appx. $1,900/oz. Today's close $1540.30, or a $359.70 / 19% loss
Silver: http://www.kitco.com/charts/techcharts_silver.html
Cliff notes version: High of appx. $50/oz. Today's close $27.27, or a $22.73 / 45% loss.
AAPL: http://finance.yahoo.com/echarts?s=AAPL+Interactive#symbol=AAPL;range=1y
Cliff notes version: High of $644.00. Today's close $546.08, or a $97.92 / 15% loss.
NFLX: http://finance.yahoo.com/echarts?s=NFLX+Interactive#symbol=NFLX;range=1y
Cliff notes version: High of 304.79. Today's close $74.20. or a $230.59 / 76% loss.
UV
Civic Honda
Max - the Fed are the No.1 reason for the 95% destruction in the value of the US Dollar
..you've got your head stuck too far up your arse to see right from wrong
..it's not about "fuking with the Fed" it's about the Fed fucking up the economy. Monopolists (on money) are always a tragedy, aren't Greenspan and Bernankes policies destructive to Americas prosperity and contribute to its demise?
How does rigging the Gold price help anyone is society?
Answers on a Postcard to: Deranged Sociopaths, Washington DC
He doesn't seem to understand that there's no better way to HELP the Fed devalue dollars than to buy the metals.
Seriously. We should all jump in where we're being steered so we can become paupers when they pull the rug out, right?
Fuck that herd mentality crap.
Fundamentals win out eventually and the world's financial fundamentals are nauseatingly bad.
Sitting on a stack of metal and relaxing is eminently preferable to taking my chances in a rigged game.
You go right ahead and chase alpha.
Fucking with the Fed has given me consistent returns.
I'm not afraid to short gold peaks but this isn't one of them.
ZH figures on yahoo home page today..
Greek bank run pics
Good one TD!
and greece merkel'd...
So lifelike, it seems almost real.
Same as Jerry Brown's Californication.
Timmy's "Strong dollar" is great for USA exports, right?
We can then "export our way out of the Depression."
Not!
Nope. Chinese exports, yes.
http://www.china-mike.com/wp-content/uploads/2011/03/us-china-trade-comparison.jpg
Facts about China: ECONOMY & GDP 2010-2011
http://www.china-mike.com/facts-about-china/economy-investment-business-statistics/
Wait for Friday, you know there will be some big announcement out of Europe. They always wait for the weekend to do that shit....
Correction. After hours / After the market closes on Friday.
So everyone has time to watch TV / Play Golf, and forget about the troubled stock market.
Silver Corzined, Stocks Einhorn'd, Financials/HYG Iksil'd
A SIMPLE DESULTORY PHILIPPIC
nice w/ pSimon here, M_y:
verse1:
I been Norman Mailered, Maxwell Taylored. I been John O'Hara'd, McNamara'd. I been Rolling Stoned and Beatled till I'm blind. I been Ayn Randed, nearly branded Communist, 'cause I'm left-handed. That's the hand I use, well, never mind!Simon and Garfunkel - A Simple Desultory Philippic
And credit got Bernankeed.
mining stocks suggesting that gold is going to zero - which makes sense in a mad max scenario.
12 years of Gold and Silver being up it is due to slow down, especially with the manipulation. Miners are dirt cheap if Gold goes to zero then fundamentals dont matter. Ppl will run to the dollar out of fear but it is not safe either and when that time comes Gold and Silver will explode.
of course gold and esp. silver are dropping like a rock, now that we are in full recovery, real estate is coming back, there aren't enough people to fill the available 6 figure jobs, the Federal Government has been disbanded and there is no more pork spending or income taxes, The Federal Reserve went to 50% reserve currency and credit before decalring itself closed except for check processing. Inflation and defaltion are a thing of the past, as we are now in a true market driven economy without any intervention or bailouts of any kind. It's all good.
I think I see what you're getting at.
Most people are sheep selling to the "we buy gold" scam businesses, so they can buy another Xbox game. By the time the sheep figure it out, they will be buying at the top. Explosion in Gold will come from Central Bankers and other financial institutions. Once China or someone else starts to back a currency or as a hedge by funds. Right now there is confidence in the Dollar. Printing Fiat would start to erode that confidence, then we can begin to see a change in attitude. Until then PM will go side ways at best.
In a "normal" market gold would be indicating a coming deflationary period as also indicated by a "stronger" dollar. I believe that the FED is a lot more scare of a deflation spiral than Gold going up in value. People cannot make the connection between currency and gold yet. If it goes up it is just another commodity like oil or coffee. It is just less jewelry that can be purchased. After all everything is going up anyways.
Lastly, I doubt very much that this economy can hold until year end without some type of intervention. I believe the TWIST operation has been causing markets to behave erratically, and once it is over we could start to see violent moves.
mining stocks suggesting that gold is going to zero - which makes sense in a mad max scenario.
************
Care to explain how you came to that conclusion?
All major mining stocks that i hold (a bunch) all finished positive in a down market-usually-but not always a bullish indicator-
13 days up in a row on the US dollar. We should probably get a pullback in here.
It must be in a secular bull then.
I feel my Financialese is improving the more i read Zerohedge. "To Corzine"... I Corzine, you Corzine, he/she/it Corzines...
Cease this corzinery at once !
No, I say continue. It lets one buy more at a lower price. The best analysis I have seen on PMs have come from Marshall Swing. Commercials have been net short for a while now so lower PM prices have been suggested by Marshal for a while. I have been dollar averaging down ward. The commercials over the last few weeks have been unwinding their short positions. Maybe JP is one of them. But they are getting close to being flat and going starting to build a net long position. The small speculators got killed which is why I have been buying small amounts as we go lower. I love it.
I also saw an article on backwardation on PMs. In other words, the futures price was lower then the spot (cash) price. This shouldn't happen in a normal market but it has sporadically, thus supporting the idea that PMs would decline as it has. But now we are seeing that the later futures months in PMs are not backwardating. The author theorizes that a tight supply demand situation may be building up with to much paper PM and not enough physical to cover it.
You can use it in your stand up routine. But I got one for you. 'Why do they call it ovaltine?...'
that's old material, thinking i should freshen it up... "Why do they call it Corzintine? The account's vaporized. The market's vaporized. They should call it Vaportine."
"Silver Corzined, Stocks Einhorn'd, Financials/HYG Iksil'd"
You forgot "Apple Cored"
Wake me up when Greece defaults and Israel hits Iran......I am going home for a drink.
Silver aint shit. Let it plunge... I can wait.
Can you?
This reminds me of the Jutland Battle where the English Leader on the HMS Duke was given a rare second chance in life after the German Battle Cruiser gave him the slip.
The second chance he craved was actually the Main German Battleship Line.
Gotta read that history folks...
As far as Silver is concerned the lower it goes below 30.00 the easier it is to accumulate 100 ounces and take delivery. But I am not buying just yet.
27.00 is going to be a interesting event. If it crashes through to 25 then it's gonna have to stop at 19.50
If it does not... well... we are going to all learn when the masses start buying in bulk.
And they will.
It doesn't really get interesting till about 15.00-. See 5 year chart.
http://www.monex.com/prods/silver_chart.html
It is in backwardation again and I read a piece suggesting that it is more because of tight physical supply more than fear. Any thoughts?
The term you're looking for (I think) is an inverted market. Start here for the difference between normal backwardation and an inverted market.
But yes, whenever the spot price is higher than the future(s) price(s), then there MUST be a benefit for owning now rather than later. A tight physical supply is only one reason an inverted market can occur.
Right now, futures prices are higher than spot prices indicating a normal market...well, as normal as the silver market can be. ;)
Should I load up if Silver breaks $27 tomorrow? or should I hold out for a bigger dip and QE rumours?
Decisions decisions...
Load up on Carlo Rossi merlot. Good shit. Puts hair on your sack
And a smile on your face.
Hey Paul, you could buy in trances. For instance BTFD! at 27 and BTFD! at 25 and BTFD! at 23 until you've reached your desired position. No difficult decisions, just monkeybuying when silver will be monkeyhammered.
That sounds like a plan to me. 27,25,& 23 I've placed the first limit order (AGQ). Now it's up to Ben to start more printing.
My game as well - 20 oz per trance, thus lowering the average price with every next shipment.
Think also that at some point phys. won't be available for delivery...
So, how do you all get into your trances? Do you use incense and the Gyatri mantra?
I was going to pass it by, until I saw it twice. Shame on me.
I think you mean tranches, right?
You do know that PMs are mesmerizing, right?
The Sufi methods make wonders for me - if you make a fiat currency spin fast enough, it eventually transmutates into a PM. :)
Thanks for the correction...
Thanks pig, sound advice I think I will follow it.
Interesting that this time around the QE rumor card from the FED didn't worked. I guess that play is done. We are at the show me stage. June's meeting is going to be one for the history books. What a grind...
SKF was -.90 this morning but closed +1.20. Quite a swing.
Ordered 2 sealed green monster boxes of new silver eagles today. :)
buying silver that you plan to sell 10 years from now vs. 10 months now makes these dips one big YAWN and a nice discount too. :)
I already got out of the stock markets and bond markets so who gives a phuck what they do ?
that's going to be one heavy ass parcel.
Silver is the buy-and-hold of my lifetime. Better yet, the buy-and-hold of my kids' lifetime. So I'm giving them a head-start. Sadly, only 10 or 20 ounces at a time. I call it the Fist Full of Dollars buying strategy.
YAY!!!
consider US Mint PM coinage [if you are in USA]
1/10 oz gold bullion coins, 1/4 oz, 1/2 oz are also minted!
i'm w/ you, leafy-green non-indica! PMs are not for now
free and clear! for generations! let's GO, BiCheZ!
Nice! I just internet-google-thingied your address, no worries, I will sign for your package for you tomorrow ; )
Too late. I work at FedEx and that package has been, errrr.....lost! o_0
No capitulization in sight; just the same old machines going on and on----it looked good though, especially in the metals, but I am not a believer yet. Maybe this is it---maybe not----on the sidelines like a cat though---and who can tell anything about manipulated markets?
I will say, thoug, if I wanted to bury the metals below here that I would push 'em through and let all that PM money get sucked into the vortex---each step down is a big deal when the machine is facing its own self-destruction.
You stackers are the smart guys---I wish this oldman had some money because when the sun shines again the shiney is really going to be SHINEY!
Stupid oldman om
It's going to be difficult for commodity type assets the next few yrs. Ag is down 50% in a Yr. The USD is still seen as a safe haven in bad times while silver is seen as a Risk on type asset.
It's going to be difficult for commodity type assets the next few yrs. Ag is down 50% in a Yr.
Sokay, Facebook IPO opens tommorow!! Yaay were all saved.
Naked shorting killed the paper silver
Like it or not silver is an industrial metal, the stronger the economy the higher it goes.
Watch the gold/silver ratio. I'll be thinking about swapping gold for silver when the ratio goes above 60, though more likely nearer 70. Till then, might as well just hold gold instead.
Actually Silver is a monetary metal long before it was an industrial one. It's only in the past 3-4 decades that Silver has NOT been money going back literally thousands of years.
So 56:1 isn't good enough for you to average in?
Good luck with your try at top ticking it but something tells me you won't pull the trigger even if the GSR hits your "target".
I don't consider liberty bells as "industrial metal" but the folks at the farmer's market sure do prefer them to trading for fiat.
I still have Au from when the GSR was < 40 and Pt:Au was > 1.15.
It feels good to be diversified (and not leveraged). YMMV.
Silver is not Corzined. I just looked at my silver coins and they are still there. The title should have read "paper silver Corzined". The drop in SLV is gift for the fysical accumulators. No margin calls for us, hah, just more stuff to buy for the same fiat.
Just checked, still have about 100 POUNDS of precious metals. And almost a TON of copper. Oh, and some LEAD too, bitch.
And a sweet avatar.....jiggle,jiggle...love em.
sprockets - now i am happy as a little girl
http://www.youtube.com/watch?v=aiUVQ-pla24
Would you like to touch my monkey?
TOUCH HIM!
LOVE HIM!
Hey Leva, I gues they are visiting the coin shop to accumulate. I'm indeed losing my ass, laughing my ass off for the price I've to pay today! Don't thumb me down, just BTFD!
It's not a loss until you book it bitch. What goes down is going back up for sure. They are trying to hold a beach ball filled with helium under water. It can only last so long. Buy, buy buy and buy the fucking dip.
An anagram of your name is Vodka Aisle.
"So Avid Lake" - but that reminds me of my boating accident and
"a soak'd evil".
Some of these comments make me want to bang my head against a wall. :(
Take the bag off your head before you do.
Tyler paid good money for those head bags.
From the Wall Street Crash of 1929 to the Global Financial Crisis of 2007
It all started with the big crisis of 1929. The American economy reached a deadlock because of its social "pathogenesis"; a deadlock that led it to economic crisis in a different - faster- pace than the rest of the industrial forces of that time. Important decisions had to be made - mostly social - and the Whites didn't like that, especially the Whites' rulers, the Anglo-Saxons. The USA society had to either be homogenized and "forget" about racism against black people or find itself in a permanent deadlock that would threaten it with social uprising. If they didn't equate the black working people with their white colleagues so that there wouldn’t be an issue with the salaries that threatened the national currency, they couldn't avoid reactions and all that goes with it.
The problem which began as social but was turning into economic was simple. As long as the economy functioned adequately and the Blacks worked and asserted what they deserved for their work, the white employers had to "fund" the white working force with extra money because of their skin color. To avoid complaints from a white worker who received the same salary with his black colleague, the employers had no choice but to give them more money. The demands of the Blacks were used as an excuse by the Whites to demand more and everything ended up in the same pocket, since they were under the same employ. The problem that arose from this "strange" tactic was that the increased takings of the "superior" White employers were seeking outlet in investments and that threatened the capital. Having higher salaries, they bought more houses; they bought stocks and so on.
www.eamb-ydrohoos.blogspot.com/2010/02/ten-plagues-of-pharaoh.html
Authored by Panagiotis Traianou
Naturally, people will pull for their respective dogs in the race, but in the end, the people decide who wins. people don't hate money like the gold bugs seem to constantly buzz about. at the end of the day, we still ask for paper pay checks and pay our car insurance with paper. do we hate paper? perhaps. give me a better option. gold? do i have to haul it around? how to i use gold certificates for transasctions? by hiring my cousin to be a banker for me? no thanks. people are criminals. they steal constantly. i trust my money to the bankers over an itchy guy down the street any day of the year
"trust my money to the bankers"??
Not on my life.
I need a bigger truck to carry my latest phiz buy. Whoo-hoo,
I'm Donald McDuck diving into the vault...coin depth at 90 feet.
You are correct to point that out that people prefer paper currencies to precious metals as a medium of exchange. It's an unpopular concept around here, but it's pretty well demonstrated by history.
If you're like most people, and you'll never possess any significant "wealth" to preserve, there's no reason to buy gold or silver.
If you ever DO have some wealth, though, and don't want its relative value to hinge on the activities of your elected officials and banking executives, it's nice to have some options.
I prefer the security of hauling my own gold bar & coin.
Others have had their electronic bank accounts emptied by hackers or by the bank itself illegally with little or zero recourse.
I have no such problem.
I trust the bankers less than I trust an HIV-riddled hooker who says Condoms are for the Devil
A juggler can only juggle for so long - then he drops something and the act is over - he bows and walks off stage - unfortunately the Fed juggles and when it drops something it will still take the perverbial vaudville cane to haul their asses off the stage.
Joke's on you.
When the Fed bungles the juggling act the cane drags YOU away.
Anyone know which dealer has the lowest premiums on silver right now?
http://comparesilverprices.com/
I like Gainesville coins- they are professional and easy to work with. Provident Metals has a lower premium, but I and a few others I know have used them, and while the transactions were fulfilled, there were a number of flags that made buying from them shady at best, in every case I've encountered.
I want to clarify, as it seems unfair to just drive-by them. They take a comparatively long time to process orders, do not update shipping information, and in one case, did not send my delivery until I wrote to complain and threatened to get a lawyer to look into it. The quality is also all over the place- an average tube of mercs ranges from unciruclated to culls. All that tells me that they are either bad businessmen, or they are selling silver they don't actually have. There's no specific allegation of deceit or fraud here- just a heads up that they are not as reliable as others. They get there eventually, but the couple of bucks you save isn't worth the ulcer, IMO.
comparesilverprices.com
comparegoldprices.com
Looks like Provident is best today for Monsterboxes
Hunt Bros where are you?
dunno, i've kind of shot my wad at 40, 35, 30. if the prices holds for another week, i'll probably dump whatever available bennybux i can on another 100oz.
DO YOU HAVE ANY MENTAL ISSUES, MAX FISCHER?
Ladies and gentlemen, replying to Max is rather akin to the elephant called Looming Reality bothering to pay attention to the flea on it hide.
Give the poor fellow a break. Everyone has to earn living and if you can’t sell your body, well, you can always sell your mind.
Debts monetized
Workers unionized
Accounting marked
Interest rate twisted
Gold sup...
Stock manu...
Home owners fxxxed
Spot Silver is 27.50 or so as of this post.
This is the bottom. I try to buy towards the 100 ounce goal soon. I will buy in batches to average out the cost.
Why do you not get it after four years of banks collpasing ? Its SIMPLE. Banks used to be the BULLY on the block and accounted for 30-40% of US and global stock markets. They are simply collpasing back to a more normal 10% of market value. There is no need to own them except the ones that take money in and lend it out at a reasonable margin. What banks do, the actions they take, they are all stupid and living in cuckoo land. JPM model is simple...they are the new SQUID. They take in $100bn (say), lend out $50bn (bull shi**ing) that they cannot find other borrowers, and with the other $50bn speculate and prop their pants off. What did they learn from LTCM, what did they learn from subprime, what have they learned about new REGS, ZERO ZERO ZERO, because they are simply doing what most Americans want to do, sit on their fat ass and rip you a new one, while stealing your DOLLARS. It would be ok if they said thanks but they ALL think they deserve it. The "chick" running JPM CIO most likely thought she was a genius. Great. 100% useless idiot. All these banking issues are clouding the much larger big picture. The US is BOOMING, once you step away from the THIEVES of WALL STREET.