tag:blogger.com,1999:blog-3034901630224544639.post2411236370048962927..comments2024-02-23T05:16:46.265-05:00Comments on Along The Watchtower: Worth WatchingTurd Fergusonhttp://www.blogger.com/profile/03393759110641882003noreply@blogger.comBlogger24125tag:blogger.com,1999:blog-3034901630224544639.post-71506732413207282392011-02-17T22:48:59.660-05:002011-02-17T22:48:59.660-05:00Holy Crap! Check out this pic I dug up. Its the wi...Holy Crap! Check out this pic I dug up. Its the witch and wynter in the New York times in the same article. Looks like they were teammates before. Damn interesting, oh, and your welcome ;)<br /><br /><br />http://www.nytimes.com/imagepages/2008/11/09/business/09magicCA03ready.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-29083444276104119062010-12-17T16:25:23.148-05:002010-12-17T16:25:23.148-05:00Heard rumour that one of the Mints is going to sto...Heard rumour that one of the Mints is going to stop supplying dealers that don't shift more than a certain weight of silver per month from January.<br /><br />Can anyone verify?<br /><br />Shortage of physical? It's certainly getting tighter.Unknownhttps://www.blogger.com/profile/16495726197298758680noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-992825542082486942010-12-17T13:28:03.754-05:002010-12-17T13:28:03.754-05:00Come to daddy!Come to daddy!ddhttps://www.blogger.com/profile/15903424701139390195noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-60008018253323600302010-12-17T13:26:08.876-05:002010-12-17T13:26:08.876-05:00Silver is really cooking into the close! Can we ge...Silver is really cooking into the close! Can we get 14 more cents in the final five minutes??Turd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-7567776767565206362010-12-17T12:48:19.076-05:002010-12-17T12:48:19.076-05:00"Supply shortages are real. I placed a signif..."Supply shortages are real. I placed a significant order for 100oz bars from Eric Sprott's company .."<br /><br />Same here. I have 100 each 1 oz Ag rounds that were supposed to be delivered this week. Called them. It's going to take another two weeks. Huge order volume. The mint cannot keep up.JPhttps://www.blogger.com/profile/09751978339290618888noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-48629536546482336922010-12-17T12:46:03.409-05:002010-12-17T12:46:03.409-05:00I legged in on the lows of yesterday and today. L...I legged in on the lows of yesterday and today. Looking for the rally to continue on Monday, as today will be the third positive close consecutively since Wednesday. And another positive weekly close, as well as all time high like Turd pointed out. <br /><br />Kitco has a pretty cool data chart that logs the daily close, and gives you the highs, lows, and averages for each month. Kinda cool to monitor Silver's amazing progress there.<br /><br />http://www.kitco.com/charts/historicalsilver.html<br /><br />Go to the yearly silver chart section, select the year, and click the charts and data button.Chrishttps://www.blogger.com/profile/12235615223735997355noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-26123590642432403052010-12-17T12:31:58.457-05:002010-12-17T12:31:58.457-05:00Nice work, hammy. You had a great week!
Let's ...Nice work, hammy. You had a great week!<br />Let's watch that March11 silver for the next hour. If the BoS decides to jam it up Blythe's you-know-what, they only need to get it to 29.28.Turd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-69942160299827855002010-12-17T12:27:48.121-05:002010-12-17T12:27:48.121-05:00Excellent Post,
Your availability of information ...Excellent Post,<br /><br />Your availability of information has become fantastic in such a limited time. I love reading your analysis and draw great value from what you write. I refer people to your blog as I am talking about the same type of situations, but I am specifically looking at stock miner potential (because this gold and silver rush has to be felt elsewhere as well!)<br /><br />-<br />Keep up the good work,<br />If you get a chance... visit my website :)<br />http://thehardrightedge.com<br />-<br />Scott JScottj88https://www.blogger.com/profile/11121745511581903544noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-74988863543879798612010-12-17T12:24:35.193-05:002010-12-17T12:24:35.193-05:00I have covered all shorts and a bunch of my hedges...I have covered all shorts and a bunch of my hedges (also shorts) and hence now net long again.<br />That doesn't mean that there's a guarantee that we couldn't go lower again.<br />Just that bottom picking is tricky - and Hammy prefers scaling in.<br /><br />HUIs low 551 - instead of expected 545<br />Gold 1364 instead of 135x<br />Silver 28.6x instead of 28.<br />EURUSD thanks to that Asia/Europe rally 1.5 figures higher then expected.<br />Indexes as usual don't listen to my calls.<br /><br />Reason why we missed my targets? What about this theory: BoS arranged a short cover rally in Asia/Europe session exchanging zillions of worthless dollars against some Euros - and at the same time providing a (higher) floor for PMs - and this way having nicely outwitted our wicked white witch Blythe?<br />Boy these guys are smart!<br /><br />Next week a new game - guess for this week Blythe is done.Lothttps://www.blogger.com/profile/03806000654193464118noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-78915032310375867962010-12-17T12:21:10.116-05:002010-12-17T12:21:10.116-05:00The meeting was abruptly dismissed; This has been...The meeting was abruptly dismissed; This has been largely interpreted as not having the votes to go through with sending the proposal to a public comment period.<br /><br />As with everything else, I would encourage you to listen for yourself.<br /><br />That being said, I don't think we should be surprised that there will be more discussion before we get a "conclusion". It is a little simplistic to expect that such a huge problem will be dealt with at a single meeting, especially given the powerful forces allied against significant change.<br /><br />What I think is clear though is that the CFTC undertands the problem; they are looking to implement a careful scheme for all commodities, and that is taking time.<br /><br />I further think however, that they MUST be reminded by the public that the silver market is the EXTREME scenario and that they should focus on fixing this "crime in progress" as a PRIORITY.<br /><br />JP Morgan MUST understand they are BEING WATCHED VERY CLOSELY. We already have the press reporting that they are "materially decreasing" their position. We know from the COTs they are decreasing their short position slowly.<br /><br />The upshot is there is NOTHING to suggest silver will not continue its inexorable march upward to its TRUE VALUE. Whether or not regulations ever catch up with JP Morgan, and they probably will in time, the physical shortageis something they CANNOT overcome.<br /><br />Just my opinion... still waiting to hear Ted Butler's formal take, although informally he stated that everything was good for silver.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-52599132526932373692010-12-17T12:19:55.336-05:002010-12-17T12:19:55.336-05:00There's been remarkably little substantive dis...There's been remarkably little substantive discussion re: yesterday's CFTC meeting. I was not able to watch firsthad yesterday, but I just got finished watching the archived webcast. Position limits discussion starts at around 2:35 out of 4 hour webcast.<br /><br />A number of things struck me:<br /><br />1. The CFTC has "broad leeway" to go past "deadline" under the law, if they see fit. There is plenty of precedent for this according to the lawyers.<br /><br />2. CFTC has absolute authority to ask for significant amounts of additional information to sort out the true situation ie to get information re: swaps to sort out the information now available in public COT reports. <br /><br />3. Chilton in particular made a number of "clarifications" re: the CFTCs ability to effectively put larger traders OUTSIDE of current recommendations re: size of position on a "heightened level of oversight" or a "watch list"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-15926541874273759602010-12-17T12:04:50.362-05:002010-12-17T12:04:50.362-05:00Finally fed the Turd. Thanks for all you do here T...Finally fed the Turd. Thanks for all you do here TF, more coming as I am able.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-51724630090989366762010-12-17T12:04:03.156-05:002010-12-17T12:04:03.156-05:00Thanks Dave... Harvey talked about gold option exp...Thanks Dave... Harvey talked about gold option expiry (today) in his post last night (maybe not the comex)... seems there's always a reason to beat PM prices down.<br /><br />Wish I'd left some powder dry (for the dips), but pretty much all in at this point, keeping a firm grip on a strong branch, while the Wicked Witch shakes the tree.SRV ES339https://www.blogger.com/profile/17955738173581128887noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-42724334211592385902010-12-17T12:02:43.476-05:002010-12-17T12:02:43.476-05:00Went to a local dealer here in Fort Worth yesterda...Went to a local dealer here in Fort Worth yesterday and bought the last buffalo's they had and a nice old 10oz Engelhard bar. The guys I talked to said there is definitely a shortage of physical.Unknownhttps://www.blogger.com/profile/04099259763705620889noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-10263518607628839552010-12-17T11:54:34.168-05:002010-12-17T11:54:34.168-05:00Thanks for the reminder, dd. Please keep reminding...Thanks for the reminder, dd. Please keep reminding folks to visit our google "sponsors" too.<br />G&S hanging tough. 100 minutes to go! Lets get em!Turd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-22338398932740408232010-12-17T11:47:40.864-05:002010-12-17T11:47:40.864-05:00op ex is 23rdop ex is 23rdUnknownhttps://www.blogger.com/profile/15711183963029377013noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-10711334191382084722010-12-17T11:15:14.323-05:002010-12-17T11:15:14.323-05:00Co_Dan: Good man. A reminder to everyone to Feed t...Co_Dan: Good man. A reminder to everyone to Feed the Turd.ddhttps://www.blogger.com/profile/15903424701139390195noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-3636200972949186522010-12-17T11:13:32.706-05:002010-12-17T11:13:32.706-05:00The mid to long term trend is up, there is no doub...The mid to long term trend is up, there is no doubt about it. Sit back and by Monday, this will be behind us. Supply shortages are real. I placed a significant order for 100oz bars from Eric Sprott's company (sprottmoney.com) on Nov 22 & 23 and I was just advised yesterday that they had finally received the bullion and would be shipping it out to me.ddhttps://www.blogger.com/profile/15903424701139390195noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-39628014088161183392010-12-17T11:11:34.496-05:002010-12-17T11:11:34.496-05:00Merry Christmas, Turd.
Donation of 1oz silver com...Merry Christmas, Turd.<br /><br />Donation of 1oz silver coming your way, priced at the June 30, 2011, post-COMEX default spot value.CO_Danhttps://www.blogger.com/profile/16588538813568400164noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-49348360230446254362010-12-17T11:03:40.978-05:002010-12-17T11:03:40.978-05:00Can anyone help me with PM options expiry this mon...Can anyone help me with PM options expiry this month... is it today (maybe the raids will finally end)?SRV ES339https://www.blogger.com/profile/17955738173581128887noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-22286622777260451232010-12-17T10:57:10.272-05:002010-12-17T10:57:10.272-05:00eventually the bath will be overeventually the bath will be overGeorgehttps://www.blogger.com/profile/01119542166710974384noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-45257471419360545422010-12-17T10:56:22.124-05:002010-12-17T10:56:22.124-05:00Crap!!! And there goes the big smack down!!! Gee...Crap!!! And there goes the big smack down!!! Geez, its like you can't win with that kind or manipulation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-58315589919425594262010-12-17T10:41:53.331-05:002010-12-17T10:41:53.331-05:00Yeah I have been watching silver in real time all ...Yeah I have been watching silver in real time all morning. She is having trouble keeping it down but its obvious she is trying. It looks like she is trying to give a pissed off feral cat a bath.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-31275128141104772782010-12-17T10:39:57.969-05:002010-12-17T10:39:57.969-05:00Yeah it's been painful watching the relentless...Yeah it's been painful watching the relentless smackdowns since Monday. The metals are coiled and ready to spring it'll only take a small trigger to send them straight up and there are just so many triggers bubbling in the background that I suspect we shouldn't have to wait too long.Unknownhttps://www.blogger.com/profile/15711183963029377013noreply@blogger.com