tag:blogger.com,1999:blog-3034901630224544639.post636705168495618081..comments2024-02-23T05:16:46.265-05:00Comments on Along The Watchtower: At A Loss For WordsTurd Fergusonhttp://www.blogger.com/profile/03393759110641882003noreply@blogger.comBlogger83125tag:blogger.com,1999:blog-3034901630224544639.post-6070976994413112602011-01-14T08:44:33.728-05:002011-01-14T08:44:33.728-05:00I use forex to trade silver, because I dont have t...I use forex to trade silver, because I dont have to pay any taxes on profits and it is traded 24 hours/day.minterhttps://www.blogger.com/profile/09324742654688174242noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-34107973707908032572011-01-14T08:37:28.267-05:002011-01-14T08:37:28.267-05:00USDX weakness continues...this charade with the me...USDX weakness continues...this charade with the metals can't go on much further..we are at the bottom end of the range. BTFD. I am preparing a care package of Preparation-H for special delivery to Blythe Masters office.ddhttps://www.blogger.com/profile/15903424701139390195noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-92227842395505789792011-01-14T08:26:54.179-05:002011-01-14T08:26:54.179-05:00Btw, XAGUSD just for trading (the other 90% are of...Btw, XAGUSD just for trading (the other 90% are of course physical)<br /><br />Ah and naturally, inflation warnings all around and PMs drop like a stone, that's how it ought to be!^^<br /><br />Sources all taken from ZH:<br /><br />http://www.bloomberg.com/news/2011-01-14/ecb-s-weber-says-inflation-risks-in-euro-area-could-well-move-to-upside-.html<br /><br />http://www.bloomberg.com/news/2011-01-14/india-s-inflation-accelerates-to-8-43-adding-pressure-for-higher-rates.html<br /><br />http://www.investors.com/NewsAndAnalysis/Article/559842/201101131842/Has-The-Fed-Lit-Inflation-Fuse-.htmDanielhttps://www.blogger.com/profile/05671043146569168617noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-83233322131914857032011-01-14T08:12:25.871-05:002011-01-14T08:12:25.871-05:00Hey, what do you think of XAGUSD @ FOREX?
Isn'...Hey, what do you think of XAGUSD @ FOREX?<br />Isn't is far safer than futures at the Death Star whose collapse we actually wish for?Danielhttps://www.blogger.com/profile/05671043146569168617noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-46791864608716246592011-01-14T07:52:07.229-05:002011-01-14T07:52:07.229-05:00Good morning, everyone.
Once again, a fantastic di...Good morning, everyone.<br />Once again, a fantastic discussion overnight.<br />My guess is that 28.50 will fail shortly but 28 will hold. We'll see.<br />Mick, you are exactly right. <br />Cmill is on to Blythe's game.<br />Marvin: Nice find! Send it to Harvey.<br />fourth: You are, of course, correct but it still pisses me off <br />reefman: very smart with the MREs.Turd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-90488603822867568422011-01-14T06:36:27.554-05:002011-01-14T06:36:27.554-05:00We need to stop complaining about the COMEX and st...We need to stop complaining about the COMEX and start figuring out how to replace it with an entity that is not susceptible to criminal manipulation.<br /><br />Markets like the COMEX are organizations that were designed when telephones were black and funny-looking, whose purpose was to provide a central location to trade commodities at high speed and thus efficiently discover the most accurate price possible.<br /><br />If we were to start from scratch today, in the internet era, and design a solution to the problem of honest price-discovery -- the solution would look nothing like the COMEX and its compromised 'regulators'.<br /><br />The most efficient -- and probably the only way to reform such an institution -- is to create a viable replacement.<br /><br />The COMEX, the LBMA, and the CFTC should simply be ignored.mickhttps://www.blogger.com/profile/15475722872543917281noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-19364385290578222442011-01-14T06:25:19.362-05:002011-01-14T06:25:19.362-05:00Good Morning Blythe,
I woke up extra early today w...Good Morning Blythe,<br />I woke up extra early today with my Preparation H in hand knowing you'd be here. Looking forward to spending lots of time with you today.<br /><br />Sorry, I have no plans on selling my physical, and the only thing you could do to change that is something you would never ever do - let the price of silver hit $150 an oz.<br /><br />Have fun painting the charts today, Blythe. It will be another dismal masterpiece I'm sure.<br /><br />All the best,<br />CMillcmillhttps://www.blogger.com/profile/04411533231744879879noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-88420452606816757092011-01-14T06:23:23.313-05:002011-01-14T06:23:23.313-05:00Test of 1650 and 28.50 while America sleeps.Test of 1650 and 28.50 while America sleeps.georgehttps://www.blogger.com/profile/15777289055736319219noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-4134090014287387512011-01-14T04:50:56.790-05:002011-01-14T04:50:56.790-05:00From Harvey :
"When Dennis Gartman opens his ...From Harvey :<br />"When Dennis Gartman opens his mouth and states that he is selling some of his gold and/or silver positions, you know for sure that a big raid is being orchestrated by our banking crooks."<br /><br />And thats what i found :<br /><br />http://www.businessinsider.com/gartman-my-first-prediction-for-2010-2010-1<br /><br />He is the best contra-indicator !Marvinhttps://www.blogger.com/profile/08663303048198373756noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-13882645550292379812011-01-14T04:46:21.429-05:002011-01-14T04:46:21.429-05:00Turd,
I've loved reading your blog since not ...Turd,<br /><br />I've loved reading your blog since not long after you opened it. I love your passion and commitment. But one thing I guess I differ in is that the daily monkey hammering is a bad thing. Sure, if you are a leveraged trader it would be enough to make you quit. <br /><br />If you a physical owner just using PA to look for ideal buying points however then this is a gift. I've bough my bodyweight in pm's, and sincerely appreciate JP's help in keeping the price stable to I can get it all delivered. <br /><br />We all KNOW the paper gold \ paper silver markets are a fraud, but they have been so for decades, in particular if you have read the thoughts of another, you will have even more conviction. <br /><br />Looking at the American mint production numbers you get the idea that the blood is in the water and and sharks are circling.<br /><br />A silver tsunami builds...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-15839338055458357392011-01-14T04:29:05.600-05:002011-01-14T04:29:05.600-05:00maybe its a good opportunity to buy some miners to...maybe its a good opportunity to buy some miners today if metals and stocks get hammered?trollercoasterhttps://www.blogger.com/profile/14990246709484729690noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-62582374629163433312011-01-14T01:13:34.941-05:002011-01-14T01:13:34.941-05:00Ok, so it's 1am on the East Coast. Time for a ...Ok, so it's 1am on the East Coast. Time for a little heart relaxation for all you adrenaline junkies:<br /><br />http://www.youtube.com/watch?v=JwFGXskz93sreefmanhttps://www.blogger.com/profile/08183719447389199353noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-90713178662073335462011-01-14T00:46:43.670-05:002011-01-14T00:46:43.670-05:00jaws136,
CRIMEX closes at 1:30PM EST. After that,...jaws136,<br /><br />CRIMEX closes at 1:30PM EST. After that, trading is done in the access market where volume is very thin so a small pile of paper contracts can move price in a big way. SLV and other ETFs only follow that spot price.<br /><br />I'm trying to guess what the purpose of today's move was. It could be that EE wanted to paint the tech chart that the important silver 50DMA is broken down, or some meltdown is ahead and they usually assault the metal market before letting the meltdown happen.Ruihttps://www.blogger.com/profile/01381363570926076708noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-61524644293470287322011-01-14T00:44:23.903-05:002011-01-14T00:44:23.903-05:00B good point about the larger than small buyers. I...B good point about the larger than small buyers. I was one of them too at $18. Cleaned up many hundreds of ounces from ScotiaBank last year. LOL! And they asked me "why?". I just said... "because!". LOL!reefmanhttps://www.blogger.com/profile/08183719447389199353noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-25268202402308549972011-01-14T00:41:52.113-05:002011-01-14T00:41:52.113-05:00Don't forget about storing FOOD. I have accumu...Don't forget about storing FOOD. I have accumulated many years worth of dehydrated FOOD for me and my family.reefmanhttps://www.blogger.com/profile/08183719447389199353noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-31873685417364021722011-01-14T00:01:22.978-05:002011-01-14T00:01:22.978-05:00Can anyone locate the dumptruck load of paper in a...Can anyone locate the dumptruck load of paper in any of the etf's that would have caused the dip today? Slv was pretty large but no huge numbers to trigger???????jaws136https://www.blogger.com/profile/09821239692176725889noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-69760455631033843182011-01-13T22:19:48.903-05:002011-01-13T22:19:48.903-05:00When the US Mint used 88% of domestic silver produ...When the US Mint used 88% of domestic silver production to make ASEs last year and this year looking to easily out-demand whatever the Mint can make, I think we're well on our way to a HUGE rise in prices just on the ASE demand and casual investor alone.<br /><br />People like TF, Eric Sprott, myself, and many of you are not the casual buyers. We don't just buy ASEs and small coins, we buy bars big enough that the TSA would consider them a weapon and won't let us fly with em...<br /><br />I'm expecting these paper takedowns to rebound rather quickly as people start to buy and add volume to the otherwise dead market.Bhttps://www.blogger.com/profile/05246392994166505536noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-5864223430573095242011-01-13T22:08:48.282-05:002011-01-13T22:08:48.282-05:00See Theos's post at 1:40. And, as has been me...See Theos's post at 1:40. And, as has been mentioned before, if you want to be a trader, remember it's their game: watch it like a hawk (I don't use stops because no one but me should know where I'll sell), stay small, don't get over-leveraged/keep plenty of cash so that you can adjust on the fly.<br /><br />Otherwise, go have dinner and a drink. Unfortunately for people everywhere, the USD and EUR are headed to the toilet. At least we can cushion the blow for those in our own small worlds.CMThttps://www.blogger.com/profile/07345951670204944161noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-9697118160982284782011-01-13T22:06:29.546-05:002011-01-13T22:06:29.546-05:00litegoose, for physical prices I use Bullionvault ...litegoose, for physical prices I use Bullionvault as a guide:<br /><br />http://www.bullionvault.com/gold_market.do<br /><br />The silver bid/offers are for bullion bars in a Via Mat vault located in London. Current bid is $29.05.<br /><br />I've seen the futures price go $1 below the in-the-vault bid. Futures price can be BS. Don't be fooled.sumohttps://www.blogger.com/profile/16490367189677374605noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-67335627652702925282011-01-13T22:05:32.189-05:002011-01-13T22:05:32.189-05:00Yeah, Harvey has had his dates screwed up two nigh...Yeah, Harvey has had his dates screwed up two nights running. The data he's presenting is current though. I think...Barbhttps://www.blogger.com/profile/11649262402849706241noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-10089137487163382692011-01-13T21:58:56.491-05:002011-01-13T21:58:56.491-05:00Is it really realistic, that the EE can drive down...Is it really realistic, that the EE can drive down the price e.g. for silver to 20$, or even to below 28$ with all the strong physical demand we are having right now?<br />If silver goes below 28$, there must be some serious changes in the fundamentals?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-39905582908157830242011-01-13T21:54:05.523-05:002011-01-13T21:54:05.523-05:00I found my next coin
http://www.coininvestdirect....I found my next coin<br /><br />http://www.coininvestdirect.com/en/silver_coins/libertad_2010_1kg_silver_bu_stempelglanz.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-33705828512454714052011-01-13T21:47:45.016-05:002011-01-13T21:47:45.016-05:00Nobody can say with a straight face that the paper...Nobody can say with a straight face that the paper PMs aren't manipulated. Nobody with a brain in their skull can say that the US equities market isn't full of shit right now and just driven by the Fed. Nobody can say that we aren't F'd no matter what happens -- markets crash or market skyrocketting... either way the US dollar is worthless in the eyes of the world and there is a slow awakening right now to that fact. I don't know if anyone reads the comments users post to MSM articles, but pretty much every article I've seen saying the US is on a recovery is FULL of comments saying "hell no it isn't, stop lying to us". America is waking up, its just a matter of time before everyone and their grandma want out of the US dollar.Bhttps://www.blogger.com/profile/05246392994166505536noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-70288179955177374632011-01-13T21:33:09.447-05:002011-01-13T21:33:09.447-05:00From Harvey Organ...something is screwy about his ...From Harvey Organ...something is screwy about his post date tonight (it says Wednesday, Jan 13, 2038). Not sure if these numbers are from today or yesterday. If they're from yesterday, it speaks to EE desperation. If they're from today, it means they're having no impact on scaring silver longs:<br /><br />"...The total silver comex open interest ROSE by 728 contracts from 136,331 to 137,059. The front options delivery month of January saw the OI rise from 54 to 75 contracts. The front delivery month of March saw its OI surprisingly rise from 73,563 to 74,309.<br /><br />Obviously we are getting no switches in the silver arena. The estimated volume today was a rather large 63,216. The confirmed volume yesterday was a very respectable 49,584. The bankers were very alarmed at the total OI and the March OI..."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-46575476290022745932011-01-13T21:28:41.796-05:002011-01-13T21:28:41.796-05:00Getting caught up on my nightly silver reading. Th...Getting caught up on my nightly silver reading. The more I read, the more the action today reeks of EE desperation. I think we could all use some reinforcement today that the primary thesis hasn't changed, so I'll post some of the more interesting things I come across. First up, from Zero Hedge today:<br /><br />"Three days ago we noted that in just the first week of January, the US Mint had sold 2,221,000 ounces of silver "a number which if run-rated would be an absolutely all time monthly record," A quick glance at the tally today, shows that something very scary is going on. In the subsequent three days, the number has surged by 50% and has hit 3,407,000 ounces of silver! In just the first 12 days of the month we have already surpassed the total monthly sales of 9 separate months of 2010...<br /><br /><br />...Mike Krieger presents the following disturbing observation on this trend: "In the first 12 days of January 3.4 million silver eagles have been sold. I have never seen anything like this. The amount of physical being taken off the market on this paper sell off is EXTRAORDINARY. We must be VERY close to the end." Whoever has adopted JPM's legacy paper silver short position is in for some very troubling days ahead."Anonymousnoreply@blogger.com