If I had told you 18 hours ago that the grains would be nearly limit UP, that copper would be up 15 points and crude would be back to $101.50, what would you have guessed gold would be trading at? $1420? $1430? How about silver? $36? $37? Nah!!! Not the most manipulated, bullshit "markets" on the face of the planet! They're not UP! Of course not! In fact, silver is actually down on the day! What a joke...
Here's your gold chart. Again, we need to convincingly clear 1405 before we can get interested. We need a push back through 1420 before we can get excited.
OK, that's it for today. I'm headed out to watch some basketball and drink some green beer. This has been such a tense, nerve-wracking and exhausting week that I suggest you do the same. I also encourage to click the two links below. The Elders are simply the best Celtic Rock band in America. Turn off your TV. Close your other open windows. Kick back, enjoy, be happy and relax.
Happy Saint Patrick's Day, everyone!!! TF
http://www.youtube.com/watch?v=rDeIDQDGTik&playnext=1&list=PL209C7495B141C5F6
http://www.youtube.com/watch?v=8eHpTI6zjgc&feature=related
I hear you. Nothing like watching a green dashboard while silver and gold just sit this one out. It's times like these where I pull out a silver coin like my lovely Libertads and just fondle it. You know what I'm saying? I think you do. Go fondle some silver or gold and feel better.
ReplyDeleteYukon
i GOT THE FIRST COMMENT! Yeyo!
ReplyDeletevisualised:
ReplyDeletehttp://preciousmetalsnews.blogspot.com/2011/03/spot-odd-one-out.html
(From prior thread, my comment re:deep-out-of-money-puts)
ReplyDelete@xtybacq: Here's my take:
I created a spreadsheet to estimate:
https://spreadsheets.google.com/ccc?key=0AgxjwfYGsOW5dG8weENzem1oS0lVWW9oQmZfMjNQdGc&hl=en&authkey=CPreyIgK
Come on Turd, how about The Pogues?
ReplyDeletehttp://www.youtube.com/watch?v=DrBLqp-s__o
Question for the experts from a newbie to miner investing....As I DMODD, I cant help but notice FCX. Looks like a buy to me. I know most of the Turd Bowl is interested in the juniors, but what about the large cap players? Any other opinions?
ReplyDeleteMuch obliged, Turd Bowl!
...and the rest of the day to you, Turd!
ReplyDeleteDS
ReplyDeleteThanks for the great silver hedge article. This will work fabulously for silver. With certain typical daily low points, and flat silver market overall, you may may even be able to profit from your hedge, depending on when you roll (Thinkin' cap comes out of closet)
Doh. Guess not. @Yukon yer too fast for me:) Hey I went to see my local dealer. The price drop to 32 cleaned him out of all silver except junk and 2 100oz bars. I bought one of the two. Here is the interesting part, he said he has a two week wait before he will get any more, and if prices keep going up he will no be able to even carry silver rounds, everything will have to be pre-ordered. Thats a big change for a local small town dealer. I saw the fear in his eyes! He has a ton of gold though.
ReplyDeleteHappy Saint Pat's, Turd and everyone!
ReplyDeleteInteresting article on Fukushima:
"Russian Expert Says Fukushima is No Chernobyl"
http://www.reuters.com/article/2011/03/17/us-japan-quake-russia-nuclear-idUSTRE72G6HD20110317
@Darth Smoker:
ReplyDeleteThanks! That's an interesting approach, and I'll keep it in mind for insuring gains. But I was talking specifically about insuring against if the GLD/SLV funds have lent out to risky borrower(s?) with no recourse.
@Yukon Cornelius
ReplyDeleteYeah, those Libertads are pretty nice!! Have some and I also really like the 2010 Vancouver Olympic Silver Maple Leafs. Got a bunch of both and it does raise the spirits when you can look them over every once in awhile.
Sorry to repeat this from the old thread, but...
ReplyDeleteThis seems like no one wants to move for fear of the consequences. It's like humanity is holding it's breath.
Dollar down 666.
ReplyDeleteHmmm...
"I like Eagles because I think, at some point, the Mint will stop minting them and they will develop a numismatic and scarcity premium. Plus, in my opinion, they are the most beautiful coins in the world, and when I hold one they make me feel good about America."
ReplyDelete-Israel Friedman (Mentor to Ted Butler)
I'm just shutting my eyes and letting it ride. Added to my miners yesterday just because. I'm still down GPL but that's OK. I'm only trading with what I'm willing to use. Who knows what the next couple of weeks/months will bring. O' wait! The Great and Powerful TURD knows! LOL. Green beer for all! Happy St. Pat's...
ReplyDeleteAwe! Lets get passed the options OEX which really matter. Dow components gld/slv and index options tonight!! It will be FRYday run into gold/silver safe haven for the weekend!! It's been a very good run record the last 3 FRYdays!! Macro, geo, and economics worse than ever this weekend!! You have know the goon7 isn't having an emergency pow wow tonight to stroke each others egos!!
ReplyDeleteG7 Financial Ministers Plan Emergency Meeting To Discuss Japan http://www.huffingtonpost.com/2011/03/17/g7-japan-friday_n_836948.html
................................................
Containing the gold/silver rush after the Jan manufactured sell off has the dead head fed goons using all their ammo to contain it!! It'll bust free FRYday and who knows how far and how fast it will go into next week!!
Coming Soon??
ReplyDeleteNew Volatility ETF to track SLV
http://finance.yahoo.com/news/This-Will-Be-the-Next-Hot-fool-590463609.html?x=0&.v=1
Copper +4.0%
ReplyDeleteWheat +7.5%
Sugar +3.3%
Crude +3.5%
Coffee +3%.0%
and the two most manipulated metals in the word:
Gold +.4%
Silver +.35%
What a f$%king joke!!!!
AC
Larry LOL!
ReplyDeleteMNEAF is up 20%! I came very close to selling that guy yesterday. Glad I held on.
ReplyDeletehmm... looks like I'm not the only one interested in Nat Gas futures. UNG +5.6% today
ReplyDeleteAnybody able to acquire the "America the Beautiful" 5 OZ silver coins? ATB Coins
ReplyDeleteI could only get one set of the first 5 coins minted (at a huge premium), and haven't seen the 2011 coins yet. Actually, you can find them on eBay, but I'd like to get them directly from a primary dealer. Supposedly, they can only charge a 10% max premium according to the US Mint.
DP, IMO, Naked Short sellers/ Failed to Deliver Crooks will never be punished.
ReplyDeleteIf SLV goes up/down, they will get bailed out, and no will go to jail.
DS
Great music Mr Ferguson!
ReplyDeleteI'm sending you an Irish Turd.
A few posts I’ve read have correlated a decline in DXY with a rise in silver price.
ReplyDeleteIf the dollar goes down too far won’t that start the unwinding of the carry trade, taking PM prices down, or am I missing something?
This week has been tough, not because of silver declining, but little Bozzz has been on spring break all this week.
I think gold and crude will grind upwards with hiccups but trending higher with a possible spike up within a week.
ReplyDeleteAnd I also think silver will grind higher and meet $35.75 resistance and then nudge through after a $34-35.50 tug-of-war. within the next 2 weeks. As above, a spike is possible.
It's fun to guess when the market is a big unknown with all the built in forces at play.
I base my guess on all the Yen/U.S. dollar printing about to take place due to the Japan quake, tsunami and nuclear disaster. (God, those people have been through a very bad week!)
Plus, there was a emergency G-7 meeting about the whole Japan thing and the huge FX swings taking place and the Japanese BOJ intervention etc. A bad vibe about California getting a quake or even a tremor due to the Planet line up on March 22nd.
Throw in the fact Libya is about to start up albeit late and Bahrian also, throw in crude oil buzzing upwards not too mention even worse news about the scope of the nuclear fallout and I see the PM's grinding higher and possibly spiking.
I think the so-called weak hands would have left the market at this point. I see slow upwards grinding happening today.
I recommend watching A.C.360 tonight and listening to their 2 nuclear experts describe things. Jim Walsh is knowledgable and intense. You get the sense he knows how bad this is goping to get. The other guy Mr.? is good also.
CNN 10 p.m. tonight
Turd,
ReplyDeleteIf I didn't know better I would say the market is moving based on your commentary.
Gold touches 1405. Silver away! haha
Is anybody scared of an catastrophic earthquake hitting the west coast as part of the "ring of fire?" Has my anxiety taken me to a new level, because besides how big of a tradgedy it would be, it would certainly put my "hold the storm" fundamentals in question... as a bad earthquake could shake up some of the mines on the west coast or near....
ReplyDeleteAnybody have any comforting words as why a major earthquake isn't coming our way due to alignment of the planets yada yada yada....
On a side note... I think gold/silver take a beating tomorrow morning and rally into the close. I think next week we see fireworks to the upside in gold/silver... and am now more scared than ever about being in these stocks... a earthquake on the westcoast has the potential to be devastating...
I am sorry for fear-mongering, especially for those on the board from the west coast. Someone please tell me how crazy I am, I would really appreciate it...
Please be safe everyone..
Forgot to mention Israel PM Benjamin Netenyahu on Pierce Morgan at 9:00
ReplyDeleteI'm watching to check out his body langauge and listen to waht he has to convey.
He's a straight up guy and doesn't hold back usually.
I am off to LA tomorrow, if an earthquake occurs who wants to take over my site? Its a SUPERMOON on March 19th, hope the sky is clear.
ReplyDeleteDS
ReplyDeleteTo dang funny. Let me bet on the paper supporting SLV and then bet more paper on how volatile the EE will be with it. Think they might have a little control over who's going to win those bets?
Minera Andes is up on the news it will spin off their Los Azules Cu property. They'll award all existing MNEAF holders a share in the new company for each one they hold.
ReplyDeleteDon't you just love Rob McEwen? Works Minera and US Gold for zero salary, says he'll make his money just like the shareholders do. Yeah, and I just wish I owned as many shares as he.
Titus, you really did luck out- - Don't Sell McEwen.
EA
ReplyDeleteIf the quake hits while you're in LA, can I have your MVW?
Just kidding! Have a safe trip.
Fellow Turdites...your input and thoughts are requested. Aside from the everyday commodity manipulation we all know about, Japan has tossed a heathly dose of confusion into the mix. That being said...what do you all feel could be the affect on crude price IF NATO is successful in establishing their No Fly Zone...which means the beginning of the end for the aging pot smoker? If, on the other hand, the collective world sits on it's hands and does nothing...how does that bode for crude? Hey, I appreciate your perspective !!
ReplyDelete@DarthSmoker,
ReplyDeleteYeah-- I agree that the bad actors will not necessarily be punished. But that doesn't mean the vehicles will not be destroyed.
Could you conceive of a situation where (for GLD) HSBC will be saved, but the shareholders of GLD are wiped out? There seems to be very little recourse for the investors against the trustee or custodian. But I am not a lawyer and am not familiar with how it would likely shake out. ...
@economic analyst don't worry la has survived many earthquakes without much fanfare. San Francisco on the other hand is real bad place to be in a quake, they never seemed to learn from the mistakes of 1908.
ReplyDeleteDP Had to go out and actually do stuff. Thanks for the spreadsheet - saw it on the old thread and cut and pasted. That was thoughtful of you.
ReplyDeleteSure is fun living on the west coast right now..
ReplyDelete"Ferdinand said...
ReplyDeleteSorry to repeat this from the old thread, but...
This seems like no one wants to move for fear of the consequences. It's like humanity is holding it's breath."
Yep. That's human group behavior for you. Leads to utter fucking disaster most of the time.
It does feel like the calm before the storm. I posted something yesterday I think about how it is like the beach that is emptied by the sucking before the tsunami hits for real. I just hope the tsunami is the price of silver taking off.
ReplyDeleteScott - I wish I had something positive to add. Someone posted a quote from an astrophysicist saying the earth had been hit by an enormous coronal mass. We can but hope for the best and enjoy each day and take care of the things we can. But so much easier said than done. I find myself glued to the internet.
IMHO, trading sideways without establishing new highs or lows constitutes a correction. All things in Japan aside ag and au were overdue, but thanks to the supply dynamics, instead of going down the 'correction' is just a temporary plateau. They will rise again, but for silver $36 is still a bitch, a glass ceiling, at least for the time being.
ReplyDeleteFrom ZH:
ReplyDelete"Mayor Richard Daley acknowledged today passengers on a flight from Tokyo had set off radiation detectors at O’Hare International Airport, but he offered no details and said federal officials will be handling the situation."
Why am I not reassured?
No No No....Flogging Molly or The Pogues
ReplyDeletehttp://www.youtube.com/watch?v=Qlym4eLWHFA
http://www.youtube.com/watch?v=421pZgg-vlY
and to the EE...Pog Mo Thoin
Martin Armstrong's latest is definitely bullish PMs, but he warns of protracted sideways movement for months if gold were to go too high before mid-June. He thinks if it stays in the 1400s until then, that there will be a nice ride upwards the rest of the year. Silver will be affected similarly. So maybe we need to hope for a little patience and then fireworks in August September. Or does QE completely destroy Armstrong's charts/theories?
ReplyDeleteSilverBlev - That is a very sensible observation.
ReplyDeleteI think with dollar falling and silver flat the spring past 36 is tightening. Just waitin' for lift off.
ReplyDeleteGinger...glued to the internet is so right. There are times I'm literally afraid to click on USDX.
ReplyDeleteword ver...subounci Silver is subounci today.
ReplyDeleteEA,
ReplyDeleteI am surprised you are flying right into that radiation plume!
R Man J - not trying to be difficult, but what does he mean by gold going too high before mid-June? Isn't that nonsensical to say that if it goes up early, and then goes sideways, it won't get a nice ride up later from a lower price? I'll take too high before mid-June. But to answer your last question, doesn't August seem a long way away? I think QE hastens things. I must be misunderstanding what he meant. I am not trying to be a smart-ass.
ReplyDeleteRick - I think you meant me, but Ginger and I have a surprising amount in common.
ReplyDeleteSudden bounce in gold.
ReplyDeletextybacq
ReplyDeleteArmstrong believes the 13th of June is a cyclical turning point so a high in June would not be a good thing, according to him.
I believe he is saying that if it goes too high by the 13th of June it weakens it's base consolidation and makes it harder to sustain greater highs afterward.
ReplyDeleteMan! The dollar (DX) is really scraping the bottom of critical support at 76.25. I doubt it will break down now, but it could.
ReplyDeleteIn my experience, trying to summarize Armstrong is just asking for trouble. And trying to understand Armstrong through summaries is just pointless. That's why I only ever link to them and occasionally quote from them. If you haven't already you should go read his latest release called "How and When: Outlook for Gold."
ReplyDeleteYukon
Note that PSLV is up 3.29% at the moment and SLV only up .45%....first, obviously demand for physical is voracious and second, the manipulation in paper is glaring! THE disconnect continues and shall until the paper fraud fails. A good indication though that BM is going to have a difficult time taking the futures down much more without losing way too much physical....
ReplyDeleteTurd, Have a good St. Patty’s day, enjoy the beers and hoops, thanks for the great and helpful posts through these crazy days. Oh, also thx for the Elders clips. Really good stuff.
ReplyDeleteHarry, dittos on the music. I have a few Pogues CD’s. Good stuff.
http://www.youtube.com/watch?v=x-64CaD8GXw
Add this to the St. Patty’s list of Irish rock tunes... Dropkick Murphy’s.
FYI everyone - I ordered Great Panther rounds a week ago (the 10th) and I just got confirmatiion that they shipped.
ReplyDeleteCheers!
i will accept that Armstrong is difficult to summarize but that always makes me a little suspicious of an idea.
ReplyDeleteScottj88, I live on the west coast. What ever happens happens. we mostly have no control over it.I will continue to do what I so until then.
ReplyDeleteWhen what ever bad thing happens I will stand up straight and say "bring it on, make it your best shot." I plan on going down fighting
Mark in Tacoma.
djifky - Hey great - I ordered on the 9th, and haven't heard anything yet. Are you in the States or Canada?
ReplyDelete@xty - in the states...north east. hope you hear soon...if not I can give you the directr email address from my confirmation...let me know.
ReplyDeleteHi Rick ..Hi xtybacq *waving* ;)
ReplyDelete...I have had to get myself unglued from the internet so much for the past couple of days.. as I am sharing some of Scott's anxiety. :[
Scottj,
This is what I can say to you. I don't think we can make trading decisions based on a fear of what might happen. IF there is some really good credible, reliable information that says something is more likely to happen than not ..then yeah.. make a decision to sell some miners. Because that would be based on logic and not fear ..if you have something tangible to go on. I have learned enough from all of you over these past few months to say without a doubt that you don't trade on emotions of fear. I've paid a price every time.
That said Scott, noone can decide what's best for you but you and I know that you know that. If the worst did happen and there was a major quake on the w. coast...it would probably be way down on the list for any of us to worry about our miner positions. And if we did take a hit with them, it would be more than likely that our physical metals would still appreciate substantially enough in the future to make up those losses anyway.
The fear of a quake is no different than any other crisis that we could focus on. Any natural disaster could strike..say Mexico.. or Canada.. and I have many miners in my portfolio centered in those countries. Bottom line Scott: I really admire the maturity you show at such a young age. I am double your age and so that makes me qualified to speak from a 'motherly' tone to you :) ..Go out and do something you enjoy. Get away from all of this for a while and get some perspective. In the end, it's what we're made of on the inside that will dictate whether we succeed or not. I have a feeling that if you were to lose all of your miners and metals tomorrow (heaven forbid!) ..you would be among those who would rise from the ashes and succeed all over again.
Enjoy whatever fun activity you head out for now. ......Or else I'm calling your real mother.
:]
Don't really care to have the Cascadia fault make a major move, but it has been predicted to be next in line for the "Ring of Fire" along with the rest of the west coast faults.
ReplyDeleteTurd and everyone. If Turd is exasperated on this most manipulated market in PMs, when will it ever stop? How can we get gold to $1600+, let alone $2300 like James Turk believes.The manipulation may never end despite QE7.
ReplyDeleteArmstrong's been in prison too long...
ReplyDeletehttp://1.bp.blogspot.com/_V7Pddp58Py0/TU7jW8ZZbxI/AAAAAAAADV4/-cnc-SSgf84/s1600/gold.png
Been cycling through my Pogues albums all night here!
http://www.youtube.com/watch?v=TOZHwWFjb30
xtybacq, Ginger...sorry I confused you two. Between radio active and currency meltdowns my powers of concentration are a little frayed.
ReplyDeleteWhat I want to know is, if it's so well known the market is manipulated, why trade it when you know you will get burned?
ReplyDeleteThere are all those other markets to trade.
On the other hand if you trade the smackdowns then what's to complain about?
"xtybacq said...
ReplyDeleteFrom ZH:
"Mayor Richard Daley acknowledged today passengers on a flight from Tokyo had set off radiation detectors at O’Hare International Airport, but he offered no details and said federal officials will be handling the situation."
Why am I not reassured?"
You would if you realized that for radiation to be dangerous, it would have to be hundreds of times the normal background level. I am sure nothing like that is the case with the passengers from this flight. But there is bound to be SOME, very diluted, radiation from that situation in Fukushima.
And the elevator op. said to Mr. DXY, "Going down?"
ReplyDelete@ Ginger
ReplyDeleteWell said. I am learning I got myself in over my head, as it is the stress from others that I agony over... I sometimes get carried away... which sometimes allows me to to get lost between reality and fiction.
I am going to be writing something later on... but I am one step ahead of you on the doing something I want to do... 60 degree weather in chicago makes things enjoyable for the time being.
I hope everyone out there can find peace within themselves, this board has become therapeutic in many ways...
Ginger your words are very much appreciated,
Your kids are in great hands :)
-
Scott
This comment has been removed by the author.
ReplyDeleteHappy to be mistaken for Ginger any day!
ReplyDeleteMarkus - it was just the line:
"federal officials will be handling the situation."
that made me quote that.
Scott,
ReplyDeleteYoung (26) west coaster here. Personally, I'm not too worried about a large earthquake hitting CA for a few reasons:
1) We can always drive out to the desert to escape.
2) Never heard of a major tsunami hitting CA.
3) The majority of the danger in Japan now is nuclear meltdown. CA has a nuclear power plant located near San Diego @ San Onofre. SD is 30 miles south and OC/LA is ~50 miles north. The space in between is sparsely populated and could quickly be evacuated should things go wrong.
Basically, I'm confident most west coasters could get out of trouble since we are not on a densely populated island.
As for your forecast for silver action... I was thinking the same thing. I'll also be watching silver action early evening. Hopefully the siege will be lifted by tomorrow and we get back to the $36 soon. I've gotten so frustrated w/ silver action that I went and bought some WTI and sold some USDX Futures.
After a terrible January, a fantastic February, and profit-erasing March, I find myself more anxious and psychologically worn than ever. I'm so close to closing out my futures trading account, cashing in my chips and leaving this rigged casino. The only thing keeping me around is the knowledge that Japan will eventually sell off it's USTs.
But even then, I expect govt to take away all avenues an investor has to protect himself short of buying straight physical. Unfortunately, this is not much of an option since I'm managing family money and my "clients" do not want to own physical metals. All I can do is buy small amounts with my own cash.
TEPCO falsified safety data and "dishonestly" tried to cover up problems there (2002-2007)
ReplyDeleteI am shocked, shocked I tell you...
Interesting resource (albeit recommended by AREVA)
Twitter list of top (?) nuclear bloggers
Anthem of Turdworld? Muse: Uprising:
ReplyDelete"The paranoia is in bloom, the PR
Transmissions will resume, they'll try to
Push drugs, keep us all dumb down and hope that
We will never see the truth around, so come on
Another promise, another scene, another
Package not to keep us trapped in greed with all the
Green belts wrapped around our minds and endless
Red tape to keep the truth confined, so come on
They will not force us
And they will stop degrading us
And they will not control us
We will be victorious, so come on
Interchanging mind control, come let the
Revolution take its toll, if you could
Flick a switch and open your third eye, you'd see that
We should never be afraid to die, so come on
Rise up and take the power back, it's time that
The fat cats had a heart attack, you know that
Their time is coming to an end, we have to
Unify and watch our flag ascend, so come on
They will not force us
They will stop degrading us
They will not control us
We will be victorious, so come on
Hey, hey, hey, hey
Hey, hey, hey, hey
Hey, hey, hey, hey
They will not force us
They will stop degrading us
They will not control us
We will be victorious, so come on
Hey, hey, hey, hey"
@Scott
ReplyDeleteOh, and as for your anxiety regarding holding mining stocks, all I can suggest (and what I've done), is reduce my risk exposure. Right now I hold about 50-70% in cash. I may start to buy into any rally either tomorrow or the next week.
it took 20 years of california political bickering to get the new bay bridge started. if there's an earthquake now, i just hope i'm not on the same old bridge, and definitely not on the golden gate. if we get a tsunami in portland, however, people will probably just think it another bloody rainy day.
ReplyDeletesyk,
ReplyDeleteWill your clients consider CEF?
syk, I agree - just put 20% in the Sprott funds and don't bother explaining it to them!
ReplyDeleteStrange how Copper is allowed to rise unlike Gold and Silver.
ReplyDeleteSpencer:
ReplyDeletehttp://tfmetalsreport.blogspot.com/2010/12/uprising.html
@Nigel and Harry
ReplyDeleteThanks for the recommendations. I will definitely be researching CEF this weekend. I always knew PSLV held the physical but never knew you could actually redeem units?! Seriously?
I guess in the past I had a personal (maybe selfish) interest in taking more risks than my family. Their goal was capital preservation, my goal was to land on the moon. Which is why I never considered these less volatile options.
Thanks again! Both recommendations will probably end up being a part of our portfolios.
syk,
ReplyDeleteAs far as I know, CEF is not redeemable for physical, but has a stellar track record (since 1961) or so. PSLV is redeemable at some minimum number of shares.
Google Trends
ReplyDeleteSilver Manipulation
http://www.google.com/trends?q=silver+manipulation
cbottlebob said...
ReplyDelete"Strange how Copper is allowed to rise unlike Gold and Silver."
Blythe and The Morgue have cornerd around 95% of the copper market-f'ing hacks that they are.
AC
So what ever happened to the big announcement coming from Andrew Maguire that Max Keiser talked about a few weeks ago?
ReplyDeleteSilverRunNW - Yeah me too. I dislike gimmicky tricks, and I felt uncomfortable when Max Keiser was going on about secret information, etc. We are meant to be in this together and if there were legal consequences they should have waited instead of teasing like that. If nothing comes of it, it is a real blow to credibility.
ReplyDeleteHere is where Max mentioned it, talking with Alex Jones.
ReplyDeleteMax Keiser Announces Bombshell
UN Voting on "No Fly Zone" in Libya...
ReplyDeletehttp://www.zerohedge.com/article/watch-un-vote-bomb-libya-live
Oil prices rising.. $102 and rising...
"if we get a tsunami in portland, however, people will probably just think it another bloody rainy day." ..Ok.. that was LOL funny CookieMonster..
ReplyDeletextybacq,
You are perhaps my long lost twin sister... :]] ...Oh, and I just remembered ..being that we are now sisters/family and all.. I just found my long lost cousin reefman on this blog the other day. He is having us all over for dinner when the shtf.
scottj,
I'm sending you my teenager. Maybe some of your maturity will rub off.
Sorry ..this post had absolutely nothing whatsoever to do with metals, miners, or preparing accordingly. I've had too much coffee this afternoon. Way too jittery. :[)
Bye!
By the way Scott... WHY are you still HERE?? *raised eyebrow*
ReplyDelete;)
sent $20k to JP Morgue yesterday, felt like a whore
ReplyDeleteThanks Turd, that was before my time on the board :) Very fitting
ReplyDeleteGot an email from Great Panther and my silver shipped on the 14th. Can't wait.
ReplyDeleteThey just passed the no fly zone in Libya...
ReplyDeleteWar on Libya here we come...
THe resolution for the no fly zone in Libya has been adopted.
ReplyDeleteLook out.
Check out gold!
ReplyDeleteAnd silver!
ReplyDeleteScott, thanks for the heads up on the no fly zone vote.
ReplyDeleteWow, look at silver spike to 34.50. Would be nice if that holds.
Gold.. 1408...
ReplyDeleteMore impressive than silver....
This adds to the complexity of everything just a little bit...
Go Morehead State.
ReplyDeleteJesse points out that there is a reverse head and shoulders that could take gold to 1450.
http://jessescrossroadscafe.blogspot.com/
anyone know why finviz is different from kitco when looking at the USD (DXY)?
ReplyDeletethecoloredsky said...
ReplyDeleteanyone know why finviz is different from kitco when looking at the USD (DXY)?
I would like to know this also. I believe the USDX is a basket. When you chech the finviz charts, what currency is the dollar being projected against>
AC
May see a nice open tomorrow as the news and repercussions (bombing of runways etc) start making their way into the mainstream.
ReplyDeleteAlso makes you wonder what the impact will be in places like Iran when the civilian population there realizes what transpired in Libya- The libyan population stood up to a regime and the UN stepped in to aid the civilians...
The Evil Queen Blythe has to keep the price of silver down so the March 35 dollar calls can't get excercised. This may be more than she anticipated...
ReplyDeleteAC
Up, up and away for Au/Ag and for crude also.
ReplyDeleteThe action since yesterday has been steady and upward for crude. A full trading day and a news cycle about bombs falling tommorow in Libya and it'll hit $103, and possibly higher.
We're in uncharted territory here with a lot of serious issue's facing us on all levels. Debt, energy/food prices, wars, radiation, dollar death, massive fiat injections, weak central leadership or lack thereof etc.
Seems entirely possible with all the activity and war machines in the Mediterranean and the 5th fleet off of Bahrain, that it woudn't take much for the whole cauldron to boil over.
All it would take is one mistake by anyone in the region or Hamas starting up against Israel via Lebanon or Gaza/Egypt area.
This is serious stuff with lots of negative potential and very little upside and has the beginning chapters of a Tom Clancey book. Am I over reacting to that possibility?
Maybe I actually read it in one of his books.
AC_Doctor wrote:
ReplyDelete==================================
cbottlebob said:
"Strange how Copper is allowed to rise unlike Gold and Silver."
Blythe and The Morgue have [cornered] around 95% of the copper market -- f'ing hacks that they are.
AC
March 17, 2011 3:00 PM
==================================
Right. Correct. But now that petroleum prices are rising again, you can be certain that copper's price will begin falling again. I expect copper's price to decline sharply over the next fortnight, especially if events in Libya and the Persian Gulf continue on their current path, propelling petroleum's price higher. Remember, folks, copper does not like high oil prices b/c such prices clobber the economy.
Furthermore, let me repeat: if copper's price continues to decline, and silver's price to rise, then JP Morgan will be in a double bind.
-- Paul D. Bain
paulbain@pobox.com
Did the UN resolution decide if Shell or BP will get Libya's oil?
ReplyDeleteAC Doctor,
ReplyDeletethe US dollar shown on Finviz here
Finviz futures
is the futures market price.
The first chart on the left shows the US dollar index future price. The other charts to the right show the other currencies vs. the USD.
The Kitco chart shows the spot price
Don't be too surprised by another of these:
ReplyDelete1) "There's out-of-control radiation killing everyone."
2) Flash crash.
3) "Oh, I was just expressing an idea in my head."
"Did the UN resolution decide if Shell or BP will get Libya's oil?"
ReplyDeleteWho cares. The money all ends up in the same place!
Was at the pharmacy today and saw a couple of people ask about iodine. Posters are now up saying that don't have any or aren't carrying anymore. Also stopped in at Costco to pick up additional flashlights and a heavy duty first aid kit. They didn't have anything but I swear they did the last time I was there (~2 months back). Not unusual for Costco to change what they carry but you never know what demand is like.
Thanks again for the help you guys. Was able to pick up some USO calls pretty much right at Tuesdays bottom.
Good luck
Yen dropping very, very hard.
ReplyDeleteJapan is buying USD/JPY after G7 agreement
ReplyDeleteI guess I just understated the crude price a hour ago. Tomorrow a.m. should be interesting given the massive Japan QE they just announced 5 minutes ago.
ReplyDeleteQE everywhere coming shortly. Possibly the Euro next. Seems likely to sneak into the news cycle eventually.
Ricky...I picked up somemore USO calls also right around the same time.
ReplyDeleteFeels pretty good right about now. We'll see.
Thanks GG, very helpfull
ReplyDeleteWow! So much for my small short USDX positions. Just got blown out of the water.
ReplyDeleteAny speculation as to what this means for PMs short term? Dollar rising but PMs doing well too. Maybe QE in Yen raises PMs more than dollar as inflation hedge?
Some Citinbank "analyst" on CNBS was asked for her opinion on the JPY by one of the shills. She said she does not follow the JPY, just Asia.
ReplyDeleteJesus wept, got any opinion?
@ e73
ReplyDeleteYou made that up, right?
wv=dumste (really!)
Also, looking at some of the massive gains in agricultural commodities today, it seems like commodities are rebounding hard, w/ silver and gold lagging. Maybe this is just wishful forecasting.
ReplyDeletenot made up Irene. I nearly choked on my beer
ReplyDeleteMIsesFan
ReplyDeleteFCX is an excellent choice. The knock on it always used to be that they were too concentrated into one country, but they solved that when they bought Phelps Dodge.
Don't apologize for looking at a big company instead of a junior. Big companies are big for a reason. They actually have the goods!
G-7 countries announce joint currency intervention
ReplyDeleteWASHINGTON (AP) -- Finance officials from the Group of Seven major industrialized countries have agreed on coordinated currency intervention to support Japan's economy following a devastating earthquake.
It will mark the first time the G-7 countries have jointly intervened in currency markets since the fall of 2000.
In a joint statement issued following emergency discussions, the G-7 officials said that the United States, Britain, Canada and the European Central Bank will join with Japan in a "concerted intervention" in currency markets Friday.
Perfect excuse for QE. Feed them banks and extend the game into overtime.
ReplyDeleteRon Paul is helpless, your never gonna get DC to reign in the FED. The best you can hope for is to embarrass them and piss them off
Thanks for the Blog Turd.
ReplyDeleteOne of my daily reads now.
Z
US Evacuating 10,000 US Citizens a day from Japan...
ReplyDeleteWomen and children first.... On cargo planes...
http://www.youtube.com/watch?v=IfX_U5-bvAo
Take it for what it is worth...
Turd is going to get a big surprise when he gets back from the pub.
ReplyDeleteA war has started and the world currency regime has been upended while he's been drinking his green beer!
Statement of G7 Finance Ministers and Central Bank Governors via Bank of Canada website, short and sweet ...
ReplyDeletehttp://www.bankofcanada.ca/en/press/2011/pr170311.html
Ok I am getting a bit pissed.
ReplyDeleteBullion has been touted as a safe haven investment when when uncertainty rises.
So uncertainty getting maxing out now - the folks at TepCo just announced that they may have a new electricity source to the blown up reactors at Kagoshima Daiquiri. Today the government was dropping water from helicopters on this very large area - hey this meltdown is like a million times hotter that your average forest fire. Much uncertainty to come as a result of this horrific disaster for the people of Japan.
Also, the UN voted a few hours ago in favor of a No Fly Zone on Libya, as Gaddafi surrounds Benghazi, France said that enforcement could begin in hours - anyone guess when the first cruise missile form the USS Enterprise hits the Libyan command and control cents. This is the fleet based in Bahrain.
So, where is the flight to safety, where is the spike in bullion, EFT, and mining stocks.
What I do understand is that people are freaked out, and still numbed up from the financial, housing, you name it crisis, that they are going straight to cash - do not pass go. The money flowing into Treasuries, and CD's is big time. Everything else comes in second. Of course this is not rational behavior we are talking about here. And the asshole manipulators keep playing Alice in Wonderland with the uninformed.
What wise men like Casey, Sinclair, Williams, etc make clear it is that Gold and Silver primarily are forms of currency – not only a hedge against inflation but real MONEY.
Meanwhile I am trying to take all of this in and catching the ball games – glad that Kentucky took care of business. My world view is accommodating and accelerating and assuring knowing that bullion will increase in value on its own merits, as a currency and the geo-political stuff is influencing and exciting and, albeit , often not about the greatest stuff happening out there. My holdings in bullion, PM mutual funds like TGLDX, junior miners, options and EFTs are ongoing - a long process - reminds me a bit like a slow motion casino - watch your stops.
Happy St. Patty's day
@ Turdle
ReplyDeleteIf Turd is anything like the rest of us, he is getting updates on his phone. We are news and market junkies!
DXY just took the elevator to the first floor and now it's headed back to the basement.
ReplyDeleteI should have said "back to debasement."
ReplyDeleteAnd one step closer to World Government.
ReplyDeleteBig games are afoot.
Rick - Haha
ReplyDelete@Justin
ReplyDeleteNews and market junkies extreme. I start to go through withdrawals when I go for more than 1 hr w/o my fix. Sadly this is not an exaggeration.
USD/JPY looks like your everyday market at work.
ReplyDeletesyk...so true. I have an obsessive need to know in real time what is going on. It wasn't that long ago we waited untill 6:oo PM to be fed "the lie". No wonder TPTB hate the web.
ReplyDeleteI check the price of silver in the middle of the night. It is that bad. But man things happen fast these days - the whole world has sped up - talk about instant messaging.
ReplyDeleteHa! Remember when the 6 o'clock news used to have some modicum of credibility? For me, it was back in high school, post-9/11, pre-Iraq II.
ReplyDeleteNow ZH blows them out of the water in terms of publicizing the story, credibility, and insight. I'll check silver in the middle of hte night too and refresh ZH while cycling through a variety of blogs looking for new updates, w/ the ticker and charts running in the background. AH! It's like crack!!
Long live the free internet!
After I bought my first monster box I used to get up in the middle of the night but not anymore. Now I just monitor the end of the Keynesian Experiment. And of course The End of Days.
ReplyDelete@ syk
ReplyDeleteI often find myself with too many tabs open until my browser freezes... All of these live streaming charts takes a lot of bandwidth... and the sadder thing is I don't trade them... I just follow to understand what is going on...
Everything you have been saying
+1 and I am in the same boat.
-
Scott
Figures Turd chimed in with the longest comment I've ever seen him leave, you know shit has to be serious when that happens.
ReplyDelete@syk,
I forget that my phone is even a damned phone most of the time. It's full of all kinds of apps to keep me up to date on everything on the face of this planet. It's more like a little command and control center with a touchscreen and playlist. I like to get my groove on while getting my doom on. I wouldn't know what to do with myself if I didn't have my command center. Never thought I'd be one of those types of people that has their phone glued to their hand, but I am and there is no going back.
I'm one of the most optimistic pessimists around.
Feels wrong to say this and I've said it before:
There is a lot of phucked up stuff going on and a million ways to profit from it as long as you are "in the know" at the right time. Buy the dips, sell the rips and keep licking your lips. There is plenty of food on the table and I want a little bit of all of it.
Hey, 34.80 silver!
ReplyDelete@xtybacq Do you have a promo code for First Majestic? Looking at a 50 oz. bar as a gift for the friend who finally convinced me to go PM. We've been friends 35 yrs so don't fall off your chair. Really like the look of the hand poured bar.
ReplyDeleteTurd is getting drunk right now celebrating his irish blood...long life to a man called "The Turd"
ReplyDeleteWhat I don't get is the size of today's disconnect between spot silver and PSLV. The former closed basically unchanged, but PSLV went up by 3.4%. Since silver didn't change, that must be pure premium movement. Any thoughts on why such a large divergence today, and what it might mean?
ReplyDeleteI'm thinking of doing another silver porn post on my blog this weekend. This is where I show some silver coins all sleeveless and unprotected and talk about them. Anyone have any coins they want to see naked?
ReplyDeleteYukon
I think the precious rose in advance of the tsunami/earthquake/meltdown, my question is like the old man who wanted to know about the thermos bottle, "how do it know"?
ReplyDeleteJustin and all the market news junkies:
ReplyDeleteTry living on the other side of the world (Australia) and you will find that trading a 24 hour market is not good for your health!
Just two days ago I finally made the move that was required for my sanity. Each night before going to bed I put my iphone in the lounge room and resolve that I will not turn it on again until 6:00am. It has worked for 2 nights in a row and I've slept well!
Of course it has also coincided nicely with my silver spot position halving after being stopped out earlier in the week. That probably means I have now sold down to the "sleeping level", as Jesse Livermore described it.
Oh, and I bet that Turd is checking the markets while taking a leak at the pub!
(so many exclamation points! I think I'm catching afrum!-itis)
Not only are the planets aligning and trying to rip the planet apart, it looks like the stars of war also and all the military pieces are in place regarding Libya after the U.N.vote.
ReplyDeleteBut I think the real prize or target the whole time has been Iran slowly over the last 2 yrs.
It's no coincidebce a sizable military asset has been built up there recently and the 5th fleet off Bahrain has been there the whole time. With the addition of all the other European/NATO types and Gulf Co-op Counsil members and their war machines, it wouldn't take much for a "incident" out of the blue (i.e. Israel/Hezbollah/Hamas) to get the whole region buzzing. The news cycle has been completely off the Iran warships in the Mediterranean via the Suez 3 weeks ago. In that time more Iranian ships have passed through. Not to mention U.S. carrier task groups.
Israel recently seized a vessel bound for Gaza that had a lot of big Chinese made rockets, artillery, ammo., equipment, etc. from Iran via Turkey via a German owned Liberian registered vessel.
It's also no coincidence that all the almost instantaneous uprisings are mostly Shiite citzens or groups against Old Sunni monarchies.
Iran hates the Saud's and it's been a very old hatred. A lot of people don't realize that Iran has made a claim on Bahrian for a long time and why were stationed there.
If Iran were to attack Saudi Arabia, that would be the first place to do so. So close to the Eastern oil fields.
I just watched Benjamin Netanyahu on CNN and he was pretty provactive on the Iran subject and pretty much dared the U.S. to do something big about Iran. (It was CNN with Pierce Morgan, I don't have the link.)
We'll see if his comments gain traction but the whole interview was in the face of Iran. Pretty cool stuff!
Good for crude if your on that side of the trade.
I feel the stock market at large will whipsaw for awhile and then plunge if real war breaks out in the next month or two.
I think thw PM's are safe and will trend up and crude going up steadily.
TYF,
ReplyDeleteregarding the PSLV premium, you ought to read this and make up your mind as to what the premium reflects:
PSLV
provocative (sic)
ReplyDeleteYukon, that is sick. OK not really. How about a Canadian maple?
ReplyDeleteBottom of screen. Nuff said.
ReplyDeleteWhoa
By far creepiest word verification when considering the post. I shit you not..."dedevil"
Happy
ReplyDeleteI didn't have a promo code unfortunately. But I wish I had been getting a 50oz bar - great present! I got the 1 kilo bar and it is beautiful, and came really quickly. The Great Panther order I placed is also for a present - going to give #3 offspring a 5 oz bar and 100 shares for his 16th at the end of March. Gave our daughter 5 apple shares when she turned 16 four years ago and that sure worked out well - we should have bet the house! Just sold four of them and bought PSLV for her with the profits.
Scott - me too - obsessively checking things I don't trade. But there is an awful lot of information packed into currencies and commodities that I never realized before. The pulse of the economy and the patient is NOT doing so well.
Syk - I sleep with my phone - ridiculous. Carry it everywhere around the house. Drives my hubby insane. Checking stocks in the middle of the woods.
word verification: mintie
ReplyDeletelike that mintie fresh bar from FM I am still drooling over.
Ha and then:
ReplyDeletesiver
I should have taken a screen shot of that last word verification. I'm not superstitious, but I have goosebumps now.
ReplyDeleteGreen Turd tomorrow!
ReplyDeleteBut I guess he already knowed that.
Turdle - I read that Kid Dynamite thing and it seems to me that he misrepresents the question of dilution. Sprott made a mistake with his gold fund as he publicly stated, and will not do the same with this fund. But mostly I questioned his tone. Why so angry? And the premium was lower the other day than slv. They swapped for a bit. I know why I prefer Sprott but maybe I am an idiot.
ReplyDeleteGold is off and running again.
ReplyDeleteThe volume seems awful low for such strong moves in gold and silver. Does anyone else see that? Or am I imagining things?
ReplyDeletextybacq,
ReplyDeletedon't worry about the tone! Just the facts. I don't own PSLV shares so don't care to spend any time on examining it. All I suggest is that if you own or intend to own PSLV shares then you make an in-depth analysis of it and not just rely on blog commentators (like me!)
Felt a bit Turdish today...
ReplyDeletecould not pry myself away
long I did sit and scroll
through news of horrors unrolling
DMODD while watching Silver sputter on Kitco
Mr. Turd o any Turd member on this blog, this moving up is a buy signal...should people start buying from now?, thanks in advance
ReplyDeletelooks like we are about to break $35 .... bettcha Blythe and the monkeys are about to make their kelptocratic presence felt.
ReplyDeleteSomething interesting from Trader Dan with regards to Yen intervention:
ReplyDelete"I would therefore view this as setting in place the factors necessary for keeping gold and silver well supported in price again. We will see how the market is interpreting these events in the trading that takes place over the next few trading sessions."
link: http://traderdannorcini.blogspot.com/2011/03/yen-intervention-friendly-towards-yen.html
For anyone who is still up and was thinking/or not thinking about ordering some Great Panther silver from the store, I think it is not keeping up with the price and you may get a deal in. It is not cheaper now than it was this afternoon, but it certainly has lost a bit of it's premium.
ReplyDeleteTurdle - I do own PSLV and I have done a fair amount of reading, enough to be satisfied. We have done well with Sprott gold and maybe being Canadian has something to do with it too. I know emotion is not good when trading but I do still almost trust the Canadian Mint.
ReplyDeleteOil back above $103 again.
ReplyDelete"I would therefore view this as setting in place the factors necessary for keeping gold and silver well supported in price again."
ReplyDeletewhat does above line mean ? they are not allowing gold/silver go up in price by doing this ?
Also is it a good entry price now at 34.80 ?
xtybacq
ReplyDeleteThanks for replying. Pulled the trigger and looking forward to seeing it when it arrives. It'll be a stunner I'm sure.
Regarding closed end phys trusts like PSLV or my fav SBT....check the premium versus the NAV and decide if you want to buy. I don't buy if it is more than 4% and have actually bought at -1% in the past. I agree with Kid Dynamite that the premium is a reflection of the mania but his tone is over the top. The price of many tradeable things (stocks, warrants, etc etc etc) is a function of some kind of real value along with whatever people are willing to pay to become the owner. In the case of a closed physical trust it is unlikely the value will ever go to Zero but it will fluctuate of course!
This comment has been removed by the author.
ReplyDelete12pm here in Asian time. gold above 1410. YAY
ReplyDeleteTitus, great call on Minera Andes, I hold it too, am a big McEwen follower. See here for comments on the spin off of the copper.
ReplyDeletehttp://goldandsilverlinings.com/?p=275
Somebody stay up and buy Great Panther rounds at spot. I am sure it will be the first and last time for that. Come to think of it at over $36, maybe they feel pretty safe. 36 seems to be d'line nobody allowed to cross fo show.
ReplyDeleteTurdle, I hear ya on the obsessive news checking! I'm in Shanghai and I haven't been getting a lot of sleep during the week as of late. It's hard to pry yourself away just when everyone in NY is waking up!
ReplyDeleteDOW Futures +105 points
ReplyDeleteAll commodities in green....
Plunge Protection Team + "BTD" mentality in full force... insanity..
If this trend carries to tomorrow, with bombs dropping in Libya (guessing it starts tomorrow? If anyone has contradictory information or confirmation, I would appreciate it)... oil will be skyrocketing...
Will be an appropriate end to a insane week...
On a side note...
I find it completely disgusting that I can say all of this without truly feeling the pain of what I am talking about. I know that we as individuals are not responsible for these crimes against humanity, but it really sucks to be "trading" alongside all of this stuff. It makes me feel sick talking about this stuff, when people's lives are in the balance with the very general statements we are making...
Be sure to be the change you want to see in the world... or this will be the life that we are stuck living until we no longer have a chance to change it all...
Restore the constitution...
These wars are not only unjust, but ILLEGAL.
-
Scott
As of 12:15 AM, Friday, it looks as if silver were likely to breach $35/oz. before trading resumes on Comex. Of course, overnight volume is light, so the price increase may not "stick" later, when Comex trading resumes.
ReplyDelete-- Paul D. Bain
Scott -if what we are doing isn't making things worse and if in your actual circle of influence (to borrow from Stephen Covey) you are doing your best then that is all you can do. And maybe by investing in silver and gold you are helping to restore its true value. It is one small way to fight against government by refusing to use their dirty money. But don't blow a gasket - in my life I have been about to die from nuclear holocaust, freeze to death from global cooling, see everything die from acid rain, boil from global warming, suffer holocaust from Y2K - you get the picture. Tomorrow seems to always come, and when it doesn't either I am going to get a great surprise and there is an afterlife or it is all over. Can't fix it and I am going to enjoy the time I have been given - you can't prevent earthquakes.
ReplyDeleteOops did I spill some ones silver? It seems to be heading to the floor!
ReplyDeletePaulbain - Yup. I think it will inch up all night. The currencies seem to have calmed down for the moment. And gold is simply staying above 1405. It really seemed like a magic number. People say emotion should have nothing to do with trading, but it is obvious that people are attached to numbers. Value is very emotional. I was being a smart ass yesterday about spot plus premium making no sense, because what you are willing to pay is the true price - and as trading shows, that is constantly changing.
ReplyDeletegot this link from this evening's silvergoldsilver comment section... but if it's legit, this is how the COMEX default is taking shape: person claims to have 3 contracts and isn't getting delivery, instead it's a 70% premium
ReplyDeletehttp://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_J/threadview?m=te&bn=10073&tid=389248&mid=389248&tof=2&frt=2#389248
OT re: MNVWF... this morning it was down .31 on only 700 shares traded (according to my eTrade Pro platform)... for crying out loud, talk about thinly traded, someone could sell 5,000 shares and send it to freakin zero
March Madness
Oh well. At least I can say I got a bargain on Great Panthers premium. How is that working for me? Yep!
ReplyDeleteCould someone answer me this: If the comex defaults, what will happen to the spot price of silver futures? Thank you. :)
ReplyDeletejohnbobcat - or you could think you got an awesome spot price but had to pay a high premium to get it!
ReplyDeleteTurd back from bar.
ReplyDeleteTurd glad to see gold 1410+.
Turd glad to see oil 103+.
Turd sad to see another war starting.
Turd glad to see Gaddafi feel pain.
Turd curious about lack of news re Japan.
Turd more sure than ever QE3 coming.
Turd nite nite.
@ Jimmy
ReplyDeleteWhile I am by no means an expert... my belief is that the price of the future contract would approach zero. I believe there would be a massive drop off of the price, but I feel the backwardation will get much worse before it completely breaks. The thing about futures is that they are a contract representing an underlying asset. If that underlying asset cannot be delivered, that contract is pretty worthless no?
Now imagine if that underlying asset was a precious metal that historically has served as a currency marker. If there was to be a large amount of people that suddenly were holding paper that could no longer deliver the underlying asset, the paper would not be worth anything. The fact that this underlying asset is such a rare, precious, industrial, medical, technology, and currency... well you can see how people (including myself) think that when this happens physical silver price will be well over 100$.
Just my 2 cents..
-
Scott
(SLV and GLD are going to expose the whole system... these will default and will trend to zero as well).
Andrew - I think someone called foul on that one based on the person being anonymous. But i would cry foul because how could they not know that the comex is not obliged to deliver physical silver and always has the option to offer cash - they don't need to offer a big premium. It is very clearly stated - no one would invest that much money without checking surely?
ReplyDelete@xtybacq
ReplyDeleteThank you for your thoughts. It is nice to be reminded about these things from time to time, and the fact that people on the board do that for each other is truly a fantastic gift. The greatest thing is when comments are written and advice is given, lots of people are exposed to it. This blog provides a place where people can be "the change they want to be in the world." What has gathered here are very well people that could change the world forever...
Thank you,
-
Scott
My man Turd, you know why there is a lack of news on Japan. It's because it's worse than they want to admit. When TPTB willingly switch from Japan coverage to getting everyone focused on the Middle East knowing it will cause oil to spike, tells you how bad the situation in Japan is getting.
ReplyDeleteSo why the lack of news on Japan? Because it is the worst nuclear disaster ever. We have yet to hear the truth about what has gone on. And it will continue to get worse from here on out, but we will not hear about it.
TPTB decided higher oil for all was better than a complete and total meltdown of the Japanese economy. For now...
Yukon
p.s. I totally dig post bar Turd. It's almost poetic in it's deepness and simplicity.
Comex Default + Turd's new Spazzy website, forum, & live chat rooms = origin of revolution?
ReplyDeleteIn two weeks we will find out...
Scott - thanks for taking the advice in the spirit in which it was given. Almost felt too self-conscious to post it but l have thought a lot about life, the universe, and everything - and also if we don't speak our minds we will never find truth. As we said weeks ago, and you hinted at above, the internet has put intellectual power in the hands of the people. The printing press gave rise to an explosion of freedom but information flow and content were still in the hands of people powerful enough to produce the material. But with the internet that filter is going away - we have yet to see what comes of it all, but the game has just changed in a very significant way, the kind of change that happens once in a thousand years or more.
ReplyDeleteAnd yes, Turd seemed very cute when drunk. Here's wishing him a clear head in the morning, with worries washed away.
Re: No news from Japan. Yep disappointing. My 2 cents is that there hasn't been any change to talk about. Next big thing is the temporary lines to power the cooling water pumps. Otherwise it's sit and wait for something else to happen. I don't think it is 'under control' at all it is just accidently stable for now.
ReplyDeleteoooh. check this out:
word verification: chancyst
And here comes Blythe!
ReplyDelete@ xtybacq
ReplyDeleteStunning description of such a complex issue. You just summed it up...
http://www.youtube.com/watch?v=J8W9rPxxnP4
People get ready
There's a train a-coming
You don't need no baggage
You just get on board
All you need is faith
To hear diesels humming
You don't need no ticket
You just thank the Lord
Yeah yeah yeah
People get ready
For the train to Jordan
Picking up passengers
From coast to coast
Faith is the key
Open the doors and board them
There's room for all
Among the loved and lost
Now there ain't no room
For the hopeless sinner
Whose hard on mankind
Just to save his own
Have pity on those
Whose chances are thinner
Cause there's no hiding place
From the Kingdom's Throne
Ohh people get ready
There's a train a-coming
You don't need no baggage
You just get on board
All you need is faith
To hear diesels a- humming
You don't need no ticket
You just thank the Lord
Yeah yeah yeah
I'm getting ready
I - I'm ready yeah yeah yeah
Oh I'm getting ready oh - oh
I'm ready yeah
...
I am not ready yet...
But I imagine we don't have much of a choice. Time to see what people can achieve...
-
Scott
My guess is that the miners are going to be up big tomorrow morning. Also, we may get smacked down hard tonight, but we'll be up good by end of pit trading tomorrow. (Barring some huge radiation problem.)
ReplyDelete