tag:blogger.com,1999:blog-3034901630224544639.post3556828945938249873..comments2024-02-23T05:16:46.265-05:00Comments on Along The Watchtower: Yesterday's BS SelloffTurd Fergusonhttp://www.blogger.com/profile/03393759110641882003noreply@blogger.comBlogger154125tag:blogger.com,1999:blog-3034901630224544639.post-81551675603026364472011-02-26T17:24:18.547-05:002011-02-26T17:24:18.547-05:00@Markus:
Thanks for those ones. Totally agreed. I...@Markus:<br /><br />Thanks for those ones. Totally agreed. I will try my best to make my way up slowly and keep an eye especially on the "buffer" on my margin (in fact, that was one of the first rules I made to myself ...)<br /><br />I'll keep you posted as soon I have s/t to report.iFlashhttps://www.blogger.com/profile/04354480039696746378noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-78388627156209888312011-02-26T11:03:01.401-05:002011-02-26T11:03:01.401-05:00Part II...
You see, it used to be that silver was...Part II...<br /><br />You see, it used to be that silver was largely in the possession of humans or otherwise used in jewelry and a limited number of implements used in daily life. That is NOT the case today, and that is why we don't have the impact on the price we want. We NEED to go back to those conditions of silver being owned outright by noncommercial humans with a limited amount used in manufacturing. This is the only way we can do it, trust me. China and India are already making it happen. There are BILLIONS of people living in these two countries alone, and they have a deep tradition in buying silver/gold for religious, financial security, traditional reasons. We do not have that in America because we have been DISEDUCATED away from silver/gold ownership as a way to protect ourselves from financial insecurity. If all the silver really exists in COMEX, at today's prices, that only represents a market of $3.36 BILLION. THAT is only a tiny fraction of the total economy of the US, people! It is less than 0.04% of the economy! Imagine what would happen if we just took *** 1% *** of the economy and put that into silver. You're looking at a 25-bagger here, MINIMUM. You're cheating yourself by staying in paper.<br /><br />I told you folks. This was going to happen. As of today, 10,000 contracts were sliced off, leaving OI under 5,000 contracts. I KNEW this was going to happen. It's a battle between factions of the paper market. If you want to end this battle, you have to take away their silver or reduce the amount available that it starts to affect the industrial users. <br /><br />SEAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-10974645345544721442011-02-26T11:02:04.604-05:002011-02-26T11:02:04.604-05:00It's not shortage in retail silver that will c...It's not shortage in retail silver that will cause any kind of panic. Our demand is TINY. It's not WE that are going to bust the COMEX, it's the big guys.<br /><br />Also don't equate a coin/bullion dealer or even the mints TEMPORARILY running out of supply to sell with silver having run out completely. So long as they comit to a delivery date estimate, in theory there is still silver to sell to retail investors. The COMEX represents the silver for the other 50-80% of the market. That's what we're watching very closely. <br />----------------<br /><br />Thank you, SilverSurfer. My point is, what you have to do is continue buying silver through the retail channels so that eventually, over time, the retail channel starts to pull more and more silver away from the 50-80% of the market that normally never touches retail. That is why I told you people to get out of paper, period, and focus on taking away the silver to an extent that the industrial users will start hoarding the metal themselves to prevent assembly line shutdowns. We have to impact them. You're right. COMEX is basically a battleground between various factions of the paper silver market. Just like in the middle east - it's a battle between various factions of arab society. Do you want to be a part of it? No. You're not an arab or someone with some stake in the outcome of the battle, even though it has an impact on you politically and at the gas pump. Same story in the paper silver market. If you are here on TF's blog, you should not be part of that battle, either, in the direct sense. Instead of being a landowner in developed countries with gasoline storage tanks on the property, filling up ahead of the arab turmoil, you are a physical silver/gold owner piling up the metal ahead of the battle in the paper markets. That is how I see our role in this battle.<br /><br />Part II follows.<br /><br />SEAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-81654566444139361112011-02-26T10:30:46.589-05:002011-02-26T10:30:46.589-05:00The more I read and hear today (KWNs Jim Richards:...The more I read and hear today (KWNs Jim Richards: SDR, currencies back by asset and the whole setup of a SDR, and this http://www.youtube.com/watch?v=5WC9CpdeHF8 with lots of connotations of Global Debt Jubilee), a few things come to my mind<br /><br />Global Prosperity program, NESARA, RV, G.E.T Team, $47Trillion.....etc etc<br /><br />I first knew of this from THIS website when someone posted the G.E.T Team Conference call and I have been doing a lot of research on it....(a lot of people mostly over here will say that's all crap)I will just say that do your own research and if you have got time, do listen to the various G.E.T team conference call.Chawanmushihttps://www.blogger.com/profile/01353692633930519281noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-41301500249605604442011-02-26T09:37:00.618-05:002011-02-26T09:37:00.618-05:00If Comex bust or not, I would keep betting against...If Comex bust or not, I would keep betting against EE with leverage in paper, and channelize my profits to physical. <br /><br />No stops (get glued to terminal), play with large margin, buy far contracts and halfway sell and rollover. This is what Santa taught me. And I am religiously doing what he advised.<br /><br />If you cannot fully beat them, at least some pin pricks would make me happy till other 99% wakes up and buys physical."G"https://www.blogger.com/profile/05954757120792701723noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-12829870599431874242011-02-26T09:34:45.971-05:002011-02-26T09:34:45.971-05:00Thanks to Eric, I have a new thread.Thanks to Eric, I have a new thread.Turd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-14871907225109364702011-02-26T09:26:18.593-05:002011-02-26T09:26:18.593-05:00@TIM
Do you know if you can order any amount. For ...@TIM<br />Do you know if you can order any amount. For instance if you order 50 subscriptions will you receive 50 coins at roughly $31 dollars a piece. If so, there is a nice arb opportunityCHRIShttps://www.blogger.com/profile/11231448442583468113noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-5655766098421295752011-02-26T09:25:23.675-05:002011-02-26T09:25:23.675-05:00This comment has been removed by the author.CHRIShttps://www.blogger.com/profile/11231448442583468113noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-69802807523001601462011-02-26T09:23:59.365-05:002011-02-26T09:23:59.365-05:00Rui, likely correct.
If a reasonable observer l...Rui, likely correct. <br /><br />If a reasonable observer looks at the March OI #'s, all one see's is a trend down. After Monday's #'s, I'd be surprised if it's even 1500. Message: no problem on the comex.<br /><br />But after yesterday's takedown, why stick around only to rollover on Friday? If the intention is to take profits, rollover on Wednesday or at the latest on Thursday before/during the takedown. <br /><br />Ergo, if one stuck around, presumably they have the $'s to receive delivery. Obviously not their intention so the message might be this is not gambling - they surely must know they'll obtain a higher premium than are greater than the lost profits on Wednesday.caramelhttps://www.blogger.com/profile/16037173721286319471noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-57333775641377948812011-02-26T09:22:31.063-05:002011-02-26T09:22:31.063-05:00@22f24756-405d-11e0-b5b3-000bcdcb5194
Good Catch ....@22f24756-405d-11e0-b5b3-000bcdcb5194<br />Good Catch ..."G"https://www.blogger.com/profile/05954757120792701723noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-81913279051008738582011-02-26T09:20:38.463-05:002011-02-26T09:20:38.463-05:00Every Hero needs a villian. TF is our hero. It is...Every Hero needs a villian. TF is our hero. It is a great compliment to him to have Blythe Blasters as his arch nemesis!Much4Himhttps://www.blogger.com/profile/06303052536640269238noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-49622021142227190242011-02-26T09:10:48.707-05:002011-02-26T09:10:48.707-05:00MYTH BLASTERS=
M/YTH BL/ASTERS=
BL/YTH M/ASTERS=
B...MYTH BLASTERS=<br />M/YTH BL/ASTERS=<br />BL/YTH M/ASTERS=<br />BLYTHE MASTERSAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-38077258236267724672011-02-26T09:03:07.139-05:002011-02-26T09:03:07.139-05:00@ Pablo
It's a subscription to a catalog and y...@ Pablo<br />It's a subscription to a catalog and you get a free coin i think. So essentially yesTimhttps://www.blogger.com/profile/18089960937809261232noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-77282991981823047382011-02-26T08:52:16.126-05:002011-02-26T08:52:16.126-05:00Also - Is this legit? The US Mint selling uncircul...Also - Is this legit? The US Mint selling uncirculated silver eagles for $26?<br /><br />https://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?catalogId=10001&storeId=10001&productId=13941&langId=-1Pablohttps://www.blogger.com/profile/12718770456718618465noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-50596691959581996522011-02-26T08:46:32.779-05:002011-02-26T08:46:32.779-05:00Tremendous interview from Jim Rickards at KWN. Ta...Tremendous interview from Jim Rickards at KWN. Talking QE, SDR's, and paper-physical divergence. Big section in the middle about SDR's. <br /><br />Here's a couple of quotes:<br /><br />On SDR's: "We're getting closer to implementation"<br /><br />On paper/physical divergence: "Unless investors are willing to take physical delivery then the paper game can continue indefinitely and so you really need to stand up for what you believe in and get physical, and that's one way to not only preserve your wealth but also call the bluff of the people on the other side of the trade."Eric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-2773565613140119882011-02-26T08:35:49.504-05:002011-02-26T08:35:49.504-05:00Just a rhetorical question, but do we *really* wan...Just a rhetorical question, but do we *really* want to force the Comex and JPM to bust? Would that not potentially cause an end-of-the-world scenario? Would it not be better to have more time in relative stability so we can have more time to prepare, considering it inevitably busts on its own anyway?Pablohttps://www.blogger.com/profile/12718770456718618465noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-56429701256431435722011-02-26T08:29:32.054-05:002011-02-26T08:29:32.054-05:00Thanks Markus,
I have not fared well in paper. Phy...Thanks Markus,<br />I have not fared well in paper. Physical is up 17% for me since October. Keeping 95% in physical.Dr. Jeromehttps://www.blogger.com/profile/03006106422825163554noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-65943818758455742492011-02-26T08:27:13.586-05:002011-02-26T08:27:13.586-05:00Eric,
Been in the "juniors" since 2001,...Eric,<br /><br />Been in the "juniors" since 2001, scars and all. Have built a seven figure portfolio by reading, learning, and sticking to my guns. Readers here should pay strict attention to your observations on Camino Minerals, slide #7. You need to know where you are to know where you're going! There are huge rewards in this "junior" market, especially in silver miners. But, you need a keen appreciation for the life cycle of a mine and associated risks. Thanks for a good post.Seawolfhttps://www.blogger.com/profile/16234821564386080817noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-62134302647664741802011-02-26T08:16:00.815-05:002011-02-26T08:16:00.815-05:00So Only 4187 standing for delivery as of Friday Cl...So Only 4187 standing for delivery as of Friday Close and possible that few more will roll over or settle for cash on Monday. <br /><br />What effect this will have on the spot price???<br /><br />Anyone???Anonymoushttps://www.blogger.com/profile/00631790961444613890noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-75899162999495137372011-02-26T08:09:32.377-05:002011-02-26T08:09:32.377-05:00"They are after cash so it's in their int..."They are after cash so it's in their interest to keep the comical farce going and use EE as their cash ATM during each delivery month rather than forcing a default to end it once for all."<br /><br />Good point, couldn't agree more.. those large traders want to milk this scheme as long as they can. I don't think most of them though realize they won't have the chance to get their hands on physical when the scheme finally does play up, or they'll have to pay huge premiums for the physical and will lose whatever premiums that were previously paid to them by the Morgue.<br /><br /><br />"PS: I forgot! Of course, the only reason I do CFDs is to get more fiat money faster that I can swap for physical."<br /><br />Same here. I use CFDs as well. My tips: start slow until you're worked in, the paper game is confusing and designed to force you out of your money. Don't use stops, rather be glued in front of your monitor, because you'll always be able to make a better decision than an order, even if you use complex adjustable stops.<br />And finally, start with small leverage and work your way up.. keep enough buffer on your margin use.<br /><br />What is especially dangerous are dips that you buy that look like they're the final dip, then it drops some more. Then it drops again, and you buy some more and still have some left on your margin and think everything is okay because that got to be the final dip, from there it can just go up. It then trades a little sideways and you're pretty much confirmed this is it, it has consolidated, and you're in the clear. Then it gets hit again.<br /><br />Happened to me in January, up to 31, then down to 29, used it to buy, then down to 28, then to 27, then to 26,5.. was really high on my margin use and had already, in panic mode, freed up some cash elsewhere to not lose my position, which I didn't need because 26,5 finally turned out to be the bottom. But that REALLY wasnt good for my nerves.<br /><br />I played the physical game for quite some time and was always successful, and thought the paper game is just as easy, just you'll profit more.. I was fooled, it isnt, and if you're not really careful you're margined out of your position real quick and are left without the money you started with.<br /><br />Best of luck<br /><br />Regards,<br />MarkusMarkushttps://www.blogger.com/profile/05841477708608109602noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-24097124214556154962011-02-26T08:08:59.397-05:002011-02-26T08:08:59.397-05:00As always, awesome stuff from Bill Haynes and Dan ...As always, awesome stuff from Bill Haynes and Dan Norcini on the Weekly Metals Wrap over at KWN. Trader Dan basically calls "Bullshit" on the COT report. Trader Dan: "Something just doesn't seem right to me."<br /><br />Going to settle in now and listen to the Jim RIckards interview as well. I never ever miss Rickards.<br /><br />www.kingworldnews.comEric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-86022685435179514412011-02-26T08:05:04.731-05:002011-02-26T08:05:04.731-05:00Good morning everyone
Mythblasters employs the sa...Good morning everyone<br /><br />Mythblasters employs the same reasoning that allowed OJ to remain a free man. In its worst form, it goes like this: Because you cannot provide 100% proof (QED), therefore you have 0%. In our courts the statistical problem of never being 100% sure is handled as “reasonable doubt.” But 95% sure will usually get a “guilty” verdict from a jury, unless you have OJ’s lawyers.<br />Remember statistics from college? We can NEVER mathematically prove a hypothesis with 100% confidence. The FDA has the strictest standard at a 99.99 % confidence level for drug research. Academic journals in most fields require only a 95% confidence level.<br />Mythblasters has actually asked a valid question. How confident are we that there is manipulation? For most of us, the evidence argues for a high confidence level. <br />We can’t be 100% sure even when Blythe Masters admits it publically, because Mythblasters can always ask, “What if she is lying to get publicity for her new book?”Asking a question might remove weight from one side of the scales of justice, but it adds none to the other. GATA, Jim, Turk, Dan, Harvey, Turd, and others have put lots of weight on the guilty side. What is on the “not guilty” side of the scale? “Tension in the markets” is plausible, but Pining for the Fjords pointed out that the volume did not support that theory in this case. If there is no manipulation, we need to hear a theory with that accounts for the “evidence” of price action for the past 20 years.<br />We spend our entire lives making daily decisions without a 100% confidence level. We have ancient sayings that help people deal with decisions and probability. I have recently heard “Where there is smoke, there is fire.” We laugh at those who don’t have the common sense to make decisions even when there is a bit of doubt. As Cheech & Chong (1973) taught us in the story of Chebornek, if it looks, feels, and smells like a turd, don’t step on it.Dr. Jeromehttps://www.blogger.com/profile/03006106422825163554noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-45852816248754804842011-02-26T06:48:27.975-05:002011-02-26T06:48:27.975-05:00PS: I forgot! Of course, the only reason I do CFDs...PS: I forgot! Of course, the only reason I do CFDs is to get more fiat money faster that I can swap for physical.iFlashhttps://www.blogger.com/profile/04354480039696746378noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-26439733526381515812011-02-26T06:47:29.420-05:002011-02-26T06:47:29.420-05:00I gave this a lot of thouhgt and I have decided to...I gave this a lot of thouhgt and I have decided to change my strategy on PM quite drastically:<br /><br />Instead of waiting to have enough cash to buy physical I will enter the market in a more "pro-active" way: If it's really Blythe doing what many suppose she does, than - surely enough - this will not stop now until May (where we might see another chance that the Comex will finally run out of Silver).<br /><br />So I just have signed up for a day trader account that enables me to trade CFDs (similar to futures). So whenever the wicked witch does her stuff, I will be right there to enter a whoppy long position for the next hour or so.<br /><br />Of course, there are two parameters that need to be true for this to work: <br /><br />1. Silver is going upwards in the long term<br />2. Blythe does what she does<br /><br />I think I will keep you posted about how I am getting along. My account will probably open within the next ten days or so.iFlashhttps://www.blogger.com/profile/04354480039696746378noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-16589239890497721312011-02-26T06:38:05.882-05:002011-02-26T06:38:05.882-05:00"I'm wondering why so many chose to roll ..."I'm wondering why so many chose to roll over to May rather than stand for delivery or take the cash bribe? "<br /><br />A likely scenario: Imagine you are Morgue/FED, you'd have a hard time sleeping if 14,000 stood for delivery in March. You therefore contact those guys offering them, say, 20% premium to close the contracts. They accept 120% payment back and then immediately invest 100% of them in May contracts to keep the game going, which is equivalent to accepting the payment in March with the only difference in letting the situation look less dire for Morgue/FED.<br /><br />Remember they are TRADERs rather than us INVESTORs. They are not trying to get the physicals @CRIMEX. They are after cash so it's in their interest to keep the comical farce going and use EE as their cash ATM during each delivery month rather than forcing a default to end it once for all.Ruihttps://www.blogger.com/profile/01381363570926076708noreply@blogger.com