The end of the Great Keynesian Experiment is upon us. Prepare accordingly.
Thar she blows. Silver is up.
So what is the big deal about being first?
I don't know Dr. J, I'll let you know once the euphoria passes.
Oops, missed the new thread again. REPOST:I was doing a little checking the other night. A Double Eagle comes in at 34 mm diameter. A Mex 50 runs 37.08 mm. By way of comparison, if you have a Peace or Morgan silver dollar around, they go 38.1 mm, and an ASE runs 40.6 mm.So, basically, just a tiny hair smaller than a silver dollar, but GOLD!!
XTY...1st! Said it for you.So nice to see the first move is up.Eric#1...Read your last post. I might just do it. Fighting urge, must stay in control... (he said in his best Homer impersonation)
This is starting to look like a familiar pattern. Expect an upswing followed by a plummet.
Dr. J. ...You wouldn't know becaue you were 2nd...lol
Thanks guys but decided to put a stop on my lower contract for nice profit if it triggers. Holding the larger one. This is my gambling account after all. Haven't touched oanda in days. Thinking sometime monday morning I might add. We will see.Off to work tonight. Double time but still would rather watch silver all night :)Also added another stop to my oil contracts. Know that EE is on ropes and wonder what they are brewing. GL all on your trades.
BRICs Make Move to Push Dollar Asidehttp://www.marketwatch.com/story/brics-make-move-to-shove-dollar-aside-2011-04-17?link=MW_home_latest_newsJust posted at MarketWatch
Can someone please repost the link to the spreadsheet with everyones guesses on it? Thanks!
43.20. peak 45.20 Wed night?
TF - glad you got in before it closed haha.Seems like we're already halfway to your call from when the constest started! I know mathematically we're not but $43 was big emotionally.
So when we reach $45.81 on Thurs do you think the silver miners will be:a) At the same level they are now?b) Gain less than silver on a percentage basis?c) Gain the same as silver?d) Gain more than silver?e) Lower than they are now?My vote is for (b), but (e) is not impossible.
1 cent below me, Trud? I am flattered.
Ah, found it myself...https://spreadsheets.google.com/ccc?key=0AkbhQfELraBedHlpSVlMam9oa1k1cUowQXZGT3d6dUE&hl=en&authkey=CMLxpdcH#gid=1
Globex Silver is rising so fast it looks like it might fall backwards!
Doan you mean fiddy tree or is that a spoonerism?
I will have to make it my goal this week to be first so I know what it feels like. ;-) But I like the feeling of AG moving up right now.
We'll hit 44 by pit session tomorrow.
For all the efforts that went into vote tabulating: a hearty blue thank-you. It's always nicer to see the blue bars than red. Cheers and best of luck to all 200+ silverbugs! Ol'Michael P.S. It's fun to see all those names in one place!
Just closed 1000 of my XAG longs. AVAFX lets you adjust how many you want to sell when you click on the contract. Oanda doesn't its all or none on each individual contract. I thought I was getting a little gready and when I do that its smack down time. So now I have two 500 contracts going at 200x leverage and will be happy with a rise and not so disappionted if we fall.I was going for broke in Avafx account but not suicidal. ***TURD PLEASE READ THIS PART *****I wish turd could put some sort of fund together. Grow it by donations and investing we could help some of the less fortunate turdites.We have a great community and this is unheard of maybe. But lets take from the bankers and spread the wealth.
Real flame war going on over @ SGS blog re: Comex fraud.
"China’s President Hu Jintao and visiting Brazilian President Dilma Rousseff had agreed to quicken trade procedures for “gelatin, corn, tobacco leaf, bovine embryos and semen.” Those two guys have some serious issue's ;-)
Waiting for the bottom of this session (looks like 42.8) and i'm going in hard (and leveraged) :)My may 41 call is looking very good as well (bought it last week at 39.75 ) think i'm going to sell it this week at 44 or so with some time value still in it
Jim Cramer’s Lightning Round: Buy Endeavor Silver Corp. (CAN)(NYSE:EXK)There went the neighborhood. :-/http://maddmoney.net/jim-cramers-lightning-round-buy-endeavor-silver-corp-cannyseexk-sell-supervalu-inc-nysesvu/
$52.18 Thursday Comex close.
DPH - those things just don't go together - what an appalling visual. BTW we were in the Bahamas last winter on the island of Abaco and there was a delegation of chinese business men and government officials there to discuss some sort of agricultural deal - too weird, and the island has barely any soil. It struck me that they were out extending their coming empire. Needless to say, I didn't like it. I felt like warning the Bahamians, but of course their government is so corrupt it is laughable - but you knew that the average Bahamian was about to get screwed again.
@Catseyenu: Who listens to Cramer anymore? It is often a contrarian play - especially of recent. Much like the Tungstenman calls. Great buy on oil into their $105 low.
Sorry folks - bets had to be in by six, before the market opened. Turd got the last bet because it is his blog and he sets the rules.
lh - I think Catseyenu was being sarcastic - i.e. time to sell if Cramer is recommending it (NOT that you should sell - man do we need a joke symbol?)
I'd appreciate hearing any opinions of the Secret of Oz documentary shown here: http://www.youtube.com/watch?v=swkq2E8mswIAlso I came across an alternative view to hyper inflation here: http://silverdoctors.blogspot.com/2011/04/alternative-viewpoint-to-hyper.htmlOpinions on both would be greatly appreciated.I'll take $45.00 even for Thursday silver close.
I'm not on the list but no matter. The original thread remains. I tried to edit my inclusion but could affect no change.What did ya shoot Turd?
$44.26 Silver Comex close on Thursday
@ Scott and anybody else that is STRESSED OUT!"Anyone have any good tips/links for meditation for beginners? :)"Here's my fave guided relaxation youtube video. Lie down and bliss out in under 10 minutes guaranteed. ;)http://www.youtube.com/watch?v=SwmCwYPGXlA
Silver close thursday = 52.20Pogman
@ XtyJust got back from gym. My baby sprouts are treated like family, they get nuthin' special. Once in a while in LA I would give them filtered water, but tap water is fine and they don't need any nutrients or additives ever. If you like the taste of curry, fenugreek spouts (in any Indian store, just ask for methi seeds) are super flavorful - but warning! you might end up smelling like curry. Fenugreek is an amazing plant. It is anti-microbial and, also anti-bacterial, therefore needs no chemicals to grow. Bugs just naturally STAY AWAY. Good stuff all around.
Folks - you are tooooo late. Contest ended at 6 pm. erg - if you posted an entry and h missed it, go find it and he will add you in for sure.
Guys and gals, I got a convert!My dear friend in LA is convinced. She's not rich, but she's going to buy basics against inflation and some silver.ANYBODY IN LOS ANGELES OUT THERE THAT CAN RECOMMEND A GOOD SILVER/GOLD DEALER? My friend lives in Silver Lake but works in Beverly Hills. (Alternatively, a good mail order place. I know, I know, I didn't write this down before, so I'm a bad girl.)Thanks thanks thanks thanks thanks thanks thanks
Irene - the gym - now I feel like a shlub. My hubby loves curry. Now I just need to find a source for seeds. There are tonnes of good stores here, and I'll bet Ritchee Feed and Seed will carry them.Silver already at 43.21 - this is nuts. Gold is still stuck a bit, but I think it will pass through 1500 like a hot knife through butter. Why do I want that Mexican 50 peso coin so much? I am currently drooling through coin stores. I bought a weird lot of silver coins on the internet the other day, knowing nothing about them, and am now trying to figure out what they are and what they are worth. Not much, and I bought them for fun. A bit of what Eric was saying - something you can jingle.
Irene - I second Apmex- that is where Eric sent me for my St Gaudens. They are gorgeous gold coins, an ounce each and not much above spot for the cleaned ones, pre-1933. But they also have straight bullion and good prices.
Sorry if I missed anyone, let me know when and where you posted and I'll add you to the list.Does anyone have any recommendations on this idea: we just cleared our credit card $15000 limit. My wife says we should load it up with Silver, wait a couple of months and then clear it with a small profit. I'm not a trader, just have physical, so that would mean picking up a few hundred Oz and then selling it back to the dealer in a month or two. Is this a reasonable thing to do? To give you some idea, we're not "big time" - we just accumulate physical when we can. Got in around $21 last year and have 750oz accumulated. Is this a wise play to accumulate more? No other debts, just rent and living costs, and our first child on the way in the fall :)Any advice appreciated an I won't hold anyone to anything H
Oh - and Great Panther has a good online store and so does First Majestic - I (and others) have bought from them with great success. The Great Panther rounds are really nice, and First Majestic has a one kilo bar that is very attractive. Both had about the same price over spot - FM might have been a bit cheaper. Don't use Kitco.
Here we go, green in both on the way up
Silver sure is best in show of PM's for some time now; almost up half a percent already.
SYDNEY (MarketWatch) -- Saudi Arabia's oil minister said Sunday the nation cut its oil output by around 800,000 barrels a day in March due to oversupply, according to a reports. The Saudi Minister Ali al-Naimi reportedly said that April production would likely be a bit higher than March. Saudi Arabia's output reached 8.292 million barrels a day in March, down from 9.125 million in February, according to the reports. Oil prices have spiked this month, but benchmark Nymex oil futures were down about half a percentage point Sunday to trade at $109.19 in early Monday trading in Asia.
@ Xty (retype, lost the 1st try)I usually get my dried beans in the bulk bins at the health food store - like whole mung beans, regular whole lentils, azuki beans and chickpeas. The organic ones are usually are a bit more expensive than regular, but also a bit fresher. Anyway, the price range is usually between $1.29 - $2.49.When I first started, I went out and bought 1/2 lb. of everything just to try them out. I had very few failures, but I did learn that sprouted chickpeas aren't my favorite, My sister, on the other hand, keeps sproutes chickpeas on the kitchen counter so people who walk by have a nutritious snack at hand. It's fun to do, super nutritious and the cost is incredibly cheap.
H - it sounds risky, but given that you have more than that already, even if it did go down (highly unlikely, but hey it could happen) you will be able to pay it off. If silver dropped in half, to 20, you would suffer a loss but not be wiped. So the worst case scenario is bad, but not disasterous, and very unlikely. So despite my instinctive no to debt, if you have the stomach for it, it might work. Did you mean there is nothing on the card now?
Thanks Xty.$44.68Dr. Jerome, I didn't see yours either.
H,Personally, I would never gamble on silver using a credit card especially when the interest rate could be 10-30%. I'm a firm believer the world (as we know it) is coming to an end, and I'm "all in" regarding silver but never would buy more on a credit card. JMHO
Gold is cooking. Pretty good volume.
Where's Bay of Pigs? 50 years ago today...
I was comment 500 or so and I think Dr. Jerome was right before me.
@ HI was thinking the same thing. I've got all these untouched 0% credit cards/checks (I think for 6-12 months?) and was thinking, "Hey! I could get Chase to finance my silver purchases!" I mean, what're the chances of silver going down in 6 months time?
Titus - I went more into paper gold last week, and even though I am more heavily silver, I am now glued to the gold chart and it just needs to get up past 1487 - and stay there.
erg - hate to be a pest, but I think H needs to you to go back and copy your bet along with the time that shows below your post. Just cut and paste the whole thing and re post it.
hey HAs a person with cc debt, probably not a good idea to buy that much silver on credit. Not that buying silver on credit is a terrible idea, 15,000 worth is. Factor in the money you would lose a month to interest. A better thing would be to get a new card that offers 0% interest for x amount of time then pay said debt off in that time. If you must buy. Paying off that much debt is a huge milestone congrats
H,Back during the dip in January, I maxed all of my credit to buy silver. It turned out to be a great choice. I'm still paying it off, but I got a lot of silver at a great price.1) It was a great decision for me.2) That was during a dip. We're not really in a dip right now.3) I knew I could pay it back in a reasonable time.Will we see lower prices in the future? I'm not sure. You have to decide for yourself.
Financial Times disagrees with Turd, says QE is ending:http://www.ft.com/cms/s/0/bcad7330-691a-11e0-9040-00144feab49a.html#ixzz1JpQwW6RKFed to signal end of monetary easingBy Robin Harding in Washington Published: April 17 2011 19:06 | Last updated: April 17 2011 19:06An end to global monetary policy easing is on the horizon, with the US Federal Reserve set to signal it will cease asset purchases at the end of June.When the rate-setting Federal Open Market Committee meets on April 27, it is unlikely to limit its options by ruling out asset purchases beyond the second $600bn “quantitative easing” programme – or “QE2” – that is due to finish by the end of the second quarter.Fed officials, however, know that announcing more asset purchases at the last minute would disrupt markets. Silence on a follow-up “QE3” at next week’s meeting would therefore signal that their current intention is to complete the $600bn QE2 programme and then stop.Quantitative easing is an attractive policy tool after short-term rates have been cut to zero. By buying securities such as Treasury bonds, a central bank can drive down long-term interest rates as well in an effort to stimulate the economy.Even the more dovish officials at the Fed see little case for further asset purchases because the risks that led them to launch QE2 last autumn have abated.Core inflation, excluding volatile food and energy prices, is still below the Fed’s goal of “2 per cent or a bit below” but it now appears to be rising rather than falling.In recent testimony to Congress, Ben Bernanke, Fed chairman, noted evidence of “a self-sustaining recovery in consumer and business spending”. He added that “downside risks to the recovery have receded and the risk of deflation has become negligible”.
@ HBut I neglected to add that we carry $0 in credit card debt.
Gotcha Xty. Thanks. Thanks too H.Better late than never.$44.68I'll try and add it to the spreadsheet. April 16, 2011 9:07 PM
@Johnny La Rue-Sorry I went fishing and only managed to get my hands smelly.Ok you picked up on my concern maybe with the UofT billion $ purchase of gold held by ..somebody.. Why can't that 21 t of gold be used to cover the Morgue shorts? Maybe I got too much sun today, but how many ways could the Morgue be involved in a scheme to cover their shorts?
Xty,I'm tracking with you. I'm usually silver, sometimes gold. But after passing the $1444 angel, it seems the gold risk is very low and I'm almost 50/50.
H - I was assuming it was 0 interest or very low. I am very much a no debt person - but your idea is a bit different because you will have the underlying asset. It isn't like going into debt for a holiday that will be over in a week. You can get out pretty fast, and the odds of silver losing say 25% and you absolutely having to sell at that moment are very low - so as long as you are prepared to lose a bit of money if something untoward occurs, I think the risk is worth it in this unusual case.
H, leveraged money can leverage your emotions and well being. It can make rational people do irrational things. Being painted into a corner by the very instrument meant to free you would be painful on several levels. However there are times, like now, when PMs do more than merely retain purchasing power, they increase it. I would just be careful using leveraged money for an instrument which should only be for preservation. I realize these are extraordinary times, just be sure you can sleep at night. Plus, physical is for stacking and paper is for trading. If I had a CC burning a hole in my pocket and didn't have a trading account I might consider the Kitco trading pool. You can buy/sell Ag,Au,Pd,Pt back and forth fee-free in amounts over $10k, I believe. AND take delivery if wanted. Perhaps you could buy and hold in the pool, sell enough to pay off the CC and take delivery on the remainder. gl with whatever you do!
Latest Jim Rickards interview...good stuff.http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/4/17_Jim_Rickards.html
My bet was 43.15. I posted after a new thread was opened yesterday.H,Many thanks for the spreadsheet. My wife and I just ran up our cards. We decided to pull the trigger when we asked ourselves "Where will silver be in June of 2012?" I think it will be higher than 43/oz. Our second question was "Can we afford the payment if silver crashes?" Yes, we can. But even a crash would not take silver to zero. Our first deal on Feb 25 is up by 31%, So we ran up the other card when the 0% offer came in the mail. Bought on Thursday and are up by 3%. Your high credit rating is a resource. Follow your heart!
Thanks for the advice all!I'm a little apprehensive about it, and it's not 0% either. The only plus being it's a CIBC card with Aeroplan points (Xty and other Canadians will know what I mean).It just seems such a shame not to be able to profit further right now. Maybe we're being greedy. going to have to think long and hard about this.Anyone with guesses for next week's close that I missed, let me know the time and day of your post and I'll go back and add it to the list.
Titus - Eric has mentioned a number of times that his end game is to get all gold and the silver is just a means to an end. I don't think I would ever go 100% gold, but I intend to drift in that direction. I don't figure these things out as carefully as I should, but we started in gold awhile back, got lucky with a broker who was a bit of a gold bug and he got us to buy a Sprott gold fund that ended up working out well. And we had a bit of physical just because. And then we got on the silver train, with a slow awakening around 18 that intensified around Turd's bottom. But now I am leaning towards gold. I still expect silver to be meteoric, but gold has been flat (especially outside USD) and I think it might lurch higher - up to 1530 or so without pause.
H said "our first child on the way in the fall"Some non silver advice.A new child will seem like a huge responsibility (it is) Make sure to take time to be with your spouse, some time does not revolve around your kid(s). Doing this will be hard. Life is always overfull, but make a commitment to date night every week or something similar and do it.My wife and I have been together 26 years.It was sad to see more than 50% of my sons(He's 24) friends parents break up when the kids finished high school. Seeing your kid(s) finish high school may seem like a long way away, but it will come and its really nice to still have a relationship with your spouse when that happens.Paul
Dr Jerome,Added your entry to the list.Thanks for the insight too. I am very tempted. Ahh... How much easier life was back inside Plato's cave!!
Prize Fighter - that is a better idea than physical for H - I couldn't think how to do a paper silver play with credit. But yes, you can buy into their allocated or unallocated pool with a credit card. And either sell it or pick it up. Don't know where you are H, but we did do just that and drove to Montreal to pick it up. Did it with some silver too. But then we always paid the credit card off - lucky and old enough to never have a balance.So H - you can do it over the phone with Kitco. Phone and set up an account, and then you can do just as Prize Fighter said. Own the stuff but not necessarily take delivery.
Thanks Paul,Sound advice!
In lieu of the Kitco pool, another consideration is Bullion Direct's Nucleo Exchange. Haven't seen them mentioned on here.http://www.bulliondirect.com/nucleo/showProducts.do?cat=Silver_Bullion&category=1Kinda the same idea as Kitco but this one is peer-to-peer with prices that are tough to beat. BD acts as the escrow agent clearing both transactions for a fee. Located in Austin and you don't have to take delivery until you are ready.
Wow. Silver still doing a determined march uphill. Hurray!Which seems logical; so many calling for a top that it makes me want to Buy Buy more! Hoping for a correction this week in order to do so.I see some posts now and then advocating stop loss orders. In my opinion, setting a stop loss order is like telling the car dealer you've got a trade-in. I've seen the Code jump down and grab a stop loss price so many times (and then revert to a higher market price) that I wonder about the idiotic folks on the SEC who are supposed to be policing such things.My thinking, for what it's worth, which probably isn't much: Don't set stop losses, because you invite the market makers to take you to the cleaners.But there are probably folks out there who disagree.
Xty,I'm just 50/50 in my Comex paper. I'm almost 100% silver in my physical. I have a target I'm trying to reach (which I hope to reach over the next few months), and after that I'll start to buy some gold. I expect that once the ratio lowers, I'll be trading some or most of my silver for gold.
So, twenty guys actually have silver falling this week? Turd, please ban them immediately. Must have groupthink enabled.
0% credit card is fine. SO long as you pay it off quick. your Kool.
Paul - I think Ginger wins so far at 29 (I think that is what she said). Eric was up there too, and we will be 25 years this August. (But I've known my guy since we were kids.) We still have one left in high-school, and as I keep reminding my hubby there is still time to screw things up before summer. Now I will have to look to the end of high school as the next milestone. But yes, staying friends with your spouse when there are diapers all over the house and neither of you has had a night's sleep in a year is a fine trick.And H - forgot to add a hearty congratulations on the pending rug rat. Having children has been the greatest pleasure and accomplishment of my life so far. And I don't know if you caught the earlier maudlin part of this thread, but enroll your offspring, boy or girl, in karate as soon as they turn 5. They will be a junior black belt by 10, never realize they had a choice not to go before it is all done, and will never get bullied. I know he/she hasn't even been born yet, but I just had to say it. And get a sheepskin - nothing better to sleep on, and when you go anywhere it is their bed. Our kids slept on their sheepskins until they were rags and I swear they helped them feel confident as babies.
Prize Fighter | XtyTwo great things for me to look into! thank you!
@xty, Paul, et al40 years last DEC. I think there may be some here with an even higher number. :)
Xty,Read EVERYTHING since Friday morning, every comment made. I did mention Karate to my wife too. The Sheepskin sounds like a great idea too! We do something similar with our three cats right now :)
That is our cats have sheepskin blankets, they don't do karate ;)
H - I too have read everything since Friday - it was so dense that I barely posted I was so busy catching up. There is too much good stuff here to skip over things - you might not learn how to grow sprouts for example.OldNavy - 40! Oh, I asked awhile back about your avatar. Is it your crest?
Now that would be prepared - Sensei Cats. But i bet they would be great against flying monkeys.
On and off lurker, first time poster here. Hello everyone.@IreneTry CNI in Inglewood for your friend. http://golddealer.com/
@hIt's the worst job you will ever love. They stink, they puke, they poop and they are a blast. Having kids was one of the best decisions my wife ever made for me. Best of luck.Question, if the world is going to end financially, who cares what your credit card debt is?
Irene and HI took advantage of that (3% fee..o%)....got a monster for under 10000 they offered to extend that deal another year !! I did it.....I'm 13 months into it with 11 months to go at a total cost of $600. My dealer wants to buy it back every time I see him...no deal
From the earlier posting:vamoose said... "My concern is the potential drift towards confiscation because these criminals are desperate. . It has happened with Gold in 1933.Bang, there you go."Much like the chances of a terrorist taking control of a commercial airliner and hoping the sheep will allow themselves to be led to slaughter, it ain't happening. Fool me once shame on you, try it again and you'll have your ass handed to you.
Xty said..."lh - I think Catseyenu was being sarcastic - i.e. time to sell if Cramer is recommending it (NOT that you should sell - man do we need a joke symbol?)"This^
late but never sorry -- $44.18 on a short week.
$43.88 :) I would say $44.48, however with a shorten week, I doubt we'll push through $44 with a raid expected either Tuesday or Wednesday.
very tired. love the board, appearances notwithstanding. flat all stocks in the first hour. metal messengers across the country. ciao. be back.
Shares of JPM are now just a little bit higher than the paper price of silver ounces. We seem to be getting closer to the crossover.
cannon fire safesaftermarket auto partsTo celebrate publication, Caroline and her publishers have organised the coolest blog tour I have ever seen. Below, you'll see a funky little widget that opens up chapter 27 of the book. The other chapters are scattered around different blogs, so you have to follow a blog-trail to read through. Sounds like the best kind of treasure hunt to me. So what you need to do now, is go to Caroline's blog for the start of the trail. What are you waiting for?
legal steroidsk2 incenselive pineLouisville Roofingpersonal Injury lawyerprices for goldOh Roo, this is such a touching, wonderful post. Look at you, in less than two months you've become an amazing mom!