tag:blogger.com,1999:blog-3034901630224544639.post6839876874582212771..comments2024-02-23T05:16:46.265-05:00Comments on Along The Watchtower: The Passing StormTurd Fergusonhttp://www.blogger.com/profile/03393759110641882003noreply@blogger.comBlogger115125tag:blogger.com,1999:blog-3034901630224544639.post-69516655134535731622011-12-12T23:34:37.940-05:002011-12-12T23:34:37.940-05:00For once, I had a hard time filling my mouth with ...For once, I had a hard time filling my mouth with words.<br /><br /> "Now, you stay hidden until I get Caleb away," he whispered. "It won't do to have him telling people about my weak stomach."<br /><br /> "Are you feeling poorly?" Frank asked and Zedekiah Smith laughed.<br /><a href="http://www.optimallyorganic.com/MaquiBerry.htm" rel="nofollow">maqui</a><a href="http://www.retailerssupply.com/products.php" rel="nofollow">wholesale cleaning supplies louisville</a>Anonymoushttps://www.blogger.com/profile/15928716439300610769noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-72352180323871194212011-05-10T00:01:33.969-04:002011-05-10T00:01:33.969-04:00Turd, many thanks for all your work on this blog, ...Turd, many thanks for all your work on this blog, it's helped me a lot.<br /><br />And also thanks for that Avery Goodman article link, it helped me understand much better what's going on in silver.SiriusPsychohttps://www.blogger.com/profile/01944062680929462094noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-90366585246723260052011-05-09T14:42:07.897-04:002011-05-09T14:42:07.897-04:00Even if it's "already priced in", wi...Even if it's "already priced in", will the rate hike today just be another convenient excuse for the Cartel to stomp on silver again?<br /><br />If I were a trader I'd be tempted to go short here. Since I'm not, they can't have mine and I ain't sellin'.Larryhttps://www.blogger.com/profile/12820258639423060074noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-28277826523582967162011-05-09T14:13:56.261-04:002011-05-09T14:13:56.261-04:00Re FOFOA, the fact that we prefer to discuss it he...Re FOFOA, the fact that we prefer to discuss it here and not on their site indicates that it is a 'who is smarter than whom' competition over there. The hyperinflation piece is, though, a masterpiece of logic, but the freegold thing is expressed as if they couldn't bear for anyone to understand it. The confusion could have to do with his politics getting in the way of economics unlike the hyperinflation one....e.g. the consequence of freegold being 'the end of socialism' and a guarantee of 'meritocracy'.....glad i remembered to have a goldmine in my backyard and looted my war victories properly so my merit is a slamdunk. But surely if a country had loads of oil and gold, they could spend as much as they liked internally, free guinness on every street corner... <br /> Also, their argument of one reference point other than two is that people will always go to the obvious one (of gold), i see that as a bit like going to the superdome in katrina (or grand central station at noon as he says), i.e. there are other options, that's a bit esoteric that part...<br /> The key condition for freegold is apparently the end of all paper metals (and i would assume full auditing and no cheating).<br /> As regards a point made above about silver being used as a means of exchange, in the new order of things freegold would permit paper and electronic currencies again.<br /> Apologies for this post being so.....SHORT!!!!!<br />P.S. If you and I are too thick to understand the subject, then good luck to anyone else! Gosh Fofoa you are so clever, we are not worthy!!!!!<br />Regards, Ed the Moron :)edlion2https://www.blogger.com/profile/17885128917517073127noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-17155384725397341902011-05-09T13:50:38.039-04:002011-05-09T13:50:38.039-04:00It may seem coincidental that FOFOA and MSM are bo...It may seem coincidental that FOFOA and MSM are both discouraging peeps on silver ownership. On the other hand it may not.Rickhttps://www.blogger.com/profile/12689336038450859345noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-66673455346859458462011-05-09T13:47:51.307-04:002011-05-09T13:47:51.307-04:00sumo's kickin' ass todaysumo's kickin' ass todayChin Musichttps://www.blogger.com/profile/09961839257953865213noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-45033298958462794222011-05-09T13:46:45.047-04:002011-05-09T13:46:45.047-04:00Not sure if anyone has posted this, but I have fou...Not sure if anyone has posted this, but I have found myself immersed in the archives of Another and FOA. Great primer to understanding FOFOA and the idea of freegold.<br /><br />Link: http://www.usagold.com/goldtrail/archives/another1.html<br /><br />If I were wealthy enough to only care about gold then I would probably have similar views on silver as them. However like many here, I am in a position where I am focused on GROWING wealth not just protecting it. I am currently 50/50 gold and silver.freegoldhttps://www.blogger.com/profile/04693091368458492896noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-21915915213335608022011-05-09T13:43:51.722-04:002011-05-09T13:43:51.722-04:00Sumo & Pining for the Fjords
excellent points...Sumo & Pining for the Fjords<br /><br />excellent points could not agree more ....<br /><br />Averagejoe <br /><br />good call there ... as we head toward the perceived end of any QE program we would normally see a dip ... If these programs become common place (end - restart) I believe the market will disconnect and pay no attention just like silver and gold will ultimately decouple from the dollar which in my mind it has displayed a good deal of that over the past 6 months.Chin Musichttps://www.blogger.com/profile/09961839257953865213noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-38015176268998663432011-05-09T13:42:36.119-04:002011-05-09T13:42:36.119-04:00Another extract from http://fofoa.blogspot.com/201...Another extract from http://fofoa.blogspot.com/2011/05/costatas-silver-open-forum.html<br /><br />"For many years the Perth Mint funded their gold and silver inventory through a certificate program backed by unallocated pools. The deal was simple, they got their inventory funded (less capital tied up) and the certificate holders got safe, free storage of their metal. The certificates could be exchanged for fabricated metal or cash. Recently the Perth Mint announced a change to this program which you can read about here and here. If you want to be part of the pooled unallocated silver program in future you will have to pay them storage fees. Let me break this down for the stragglers, they have plenty of silver, perhaps much more than they need and they don’t foresee any shortages in the near future. "<br /><br />OK, let's check the Perth Mint press release:<br /><br />http://www.perthmintbullion.com/blog/blog/11-03-30/New_Pool_Allocated_Silver_Storage_To_Replace_Unallocated.aspx<br /><br />"...We’re making the change from Unallocated to Pool Allocated because the amount of Unallocated silver we hold on behalf of clients now exceeds that required to support our business activities. We had targeted a certain amount of excess Unallocated “buffer stock” but rising insurance and other costs plus growing demand have accelerated our decision to close Unallocated.<br />...<br />At this stage Unallocated gold is not affected but it too will close at some point as gold demand also continues to be strong."<br /><br />Perth Mint doesn't want to keep any excess stock, partly because the demand-supply balance is tightening.<br /><br />"Plenty of silver" you say? No, that doesn't follow. <br /><br />"Perhaps much more than they need" you say. Well I can use weasel words too. *Perhaps* it's much less than they need. *Perhaps* supply will be overwhelmed by demand from Asia, even with the new silver production line.<br /><br />With *perhaps* you can say anything.<br /><br />What's the point? You're clever with words? Congratulations.sumohttps://www.blogger.com/profile/16490367189677374605noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-22279579840369928582011-05-09T13:38:11.390-04:002011-05-09T13:38:11.390-04:00I'm not a daily reader and sure this has been ...I'm not a daily reader and sure this has been posted but saw this on another forum and found it interesting....<br /><br />"How nice is it that China is opening Gold futures trading in 9 days? The monopoly in the metals futures at COMEX is finally coming to its just end. There's a new gunslinger in town. It's called HKMex. The HongKong exchange is opening futures trading in gold starting May 18.<br /><br />See what happens when you cheat, COMEX? It's game over! And game over for all the cheatin' TBTF banks, starting with JPM. <br /><br />I just love it... just when you think that the Banks and other assorted criminals have the upper hand, along comes China to stick their thumb in the eye of Jamie Dimon and his pack of thugs."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-17898084041864438332011-05-09T13:34:17.645-04:002011-05-09T13:34:17.645-04:00@Pining...
I think you have misunderstood the fre...@Pining...<br /><br />I think you have misunderstood the freegold argument. No one will be buying anything will the gold. It will just be a "fairer" way to store your wealth in something that is not as easily manipulated as fiat/$ currency is...basically in this system of freegold it will be understood that over time the currency will become devalued (as that is the end result of fiat) and we will all continue to use currency but when you have enough that you need to store it away for future use, you will convert it into gold and hold it and sell it back for currency should u need it again, with the intention that it will continue to buy the same basket of goods for the same amt of gold even 100 yrs down the roadsphttps://www.blogger.com/profile/11069711972135622282noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-3219168467971306082011-05-09T13:32:18.694-04:002011-05-09T13:32:18.694-04:00http://www.silverbearcafe.com/private/05.11/realsi...http://www.silverbearcafe.com/private/05.11/realsilver.html<br /><br />If You Can't Stand The Margin Heat, Buy Real Silver<br />Ryan Jordan<br /><br />I always appreciate getting email from readers, even when they don't see things my way (sometimes because I am not bullish enough on silver, if you can believe that one). Sometimes, I can tell that the person writing me is truly speculating with some various form of leveraged silver contract or ETF. This does not necessarily have to be a COMEX contract: I now know there is more than one leveraged ETF that trades in silver, plus I realize some people play options, another form of leverage. <br /><br />...moreMBhttps://www.blogger.com/profile/08162819093385317391noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-64421161829473179812011-05-09T13:30:42.754-04:002011-05-09T13:30:42.754-04:00Iran doing final pre-start tests at nuclear plant
...Iran doing final pre-start tests at nuclear plant<br /><br />http://ca.reuters.com/article/topNews/idCATRE7481V720110509Billhttps://www.blogger.com/profile/06623291271325261181noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-4411743462792270672011-05-09T13:28:54.747-04:002011-05-09T13:28:54.747-04:00Someone explain to me what is going on with HZU.TO...Someone explain to me what is going on with HZU.TO.....up 235% today?epiiplus1https://www.blogger.com/profile/12452625561365348893noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-82671883670561156992011-05-09T13:26:59.371-04:002011-05-09T13:26:59.371-04:00Great Panther
http://store.greatpanther.com/
Dea...Great Panther<br /><br />http://store.greatpanther.com/<br /><br />Dealers and Customers...<br /><br />WE ARE CURRENTLY OUT OF STOCK!....BOOOOYAAA!Billhttps://www.blogger.com/profile/06623291271325261181noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-87651588942878245602011-05-09T13:19:52.455-04:002011-05-09T13:19:52.455-04:00shill...if you get to the end of an FOFOA musing y...shill...if you get to the end of an FOFOA musing you are a far more patient man than I. <br /><br />---------------<br /><br /> Booze helps :)Billhttps://www.blogger.com/profile/06623291271325261181noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-80326386947628576252011-05-09T13:18:37.587-04:002011-05-09T13:18:37.587-04:00Seems like the Sprott announcement is going to put...Seems like the Sprott announcement is going to put a floor on silver prices, and lead to even tighter inventories. <br /><br />http://www.zerohedge.com/article/sprott-launches-physical-silver-mutual-fund-will-likely-soak-much-marginal-silver-inventory<br /><br />Probably goes a long way to explaining today's $2 jump in the price of silver.SilverLeafhttps://www.blogger.com/profile/15183729267701754248noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-60385406229655985222011-05-09T13:18:33.826-04:002011-05-09T13:18:33.826-04:00Regarding FOFOA's silver demand/supply brain w...Regarding FOFOA's silver demand/supply brain wank, I'd like to re-post something from last thread:<br /><br />A little perspective: the world's mines produce about 700mio ounces a year and total annual supply amounts to 1000mio oz. If only 100 million people purchased 10oz of physical silver per year, all of that would be gone.<br /><br />And mind you, 100 million people is probably 5 or 10% of the world's population that could easily afford using 300 or 500$ of their money for investment purposes each year.<br /><br />China alone will probably provide that kind of money flow into the PMs in a few years time. So who the hell needs industrial users :). Of course, by then, industrial users will still be competing with investment demand for available silver supply.Markushttps://www.blogger.com/profile/05841477708608109602noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-55435371044110538362011-05-09T13:15:41.460-04:002011-05-09T13:15:41.460-04:00I think the dollar must be crushed in order for Am...I think the dollar must be crushed in order for Americans to accept this. My take is the only way to protect yourself is physical metals<br /><br />http://www.silverbearcafe.com/private/05.11/intergration.htmlMBhttps://www.blogger.com/profile/08162819093385317391noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-55706583000226290802011-05-09T13:11:19.235-04:002011-05-09T13:11:19.235-04:00Nov. 3 2010 was date QE2 was offically announced.
...Nov. 3 2010 was date QE2 was offically announced.<br /><br />2 year chart looks to have a little dip going into that the announcement. But nice rallies a month and half before(where we are now), and month after. Spike right after it looks like to me.<br /><br />I hate to be giving out false info. I was not trading then and these are observations from 2 year graph. And only considering QE2 other outside factors were definitly in play.<br /><br />Are my thoughts way off? Or do you think we hit rocky roads when Ben starts to pretend QE2 is done.averagejoehttps://www.blogger.com/profile/12017762924234008240noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-67005553568701001582011-05-09T13:11:13.703-04:002011-05-09T13:11:13.703-04:00My 2c on the FOFOA/ Costata silver article: Advanc...My 2c on the FOFOA/ Costata silver article: Advanced civilization CREATED the need for money- when you have a division of labor you create the need for indirect exchange- if I am a cabinet maker I cannot make 1/87th of a cabinet to buy a dozen eggs from you, hence the need for something to use as "money" to facilitate indirect exchange.<br /><br />So IF FOFOA's freegold eventually creates 55,000 per oz prices, how do they think they (the gold holders walking with the 'giants') will pay for a dozen eggs? With one 41,379th of an oz of gold? How many people, in such a world, would be able to buy a single oz of gold? Silver always has and always will be the poor mans gold. They will BOTH have a prime seat at the table when fiat crashes.<br /><br />The oldest PM coins ever found in archaeological sites worldwide were from the Lydian kingdom, minted around 650 BC. They were made from something known as Electrum- it is a naturally occuring element that is a blend of BOTH gold and silver. Freegold? I say FreeElectrum.Pining for the Fjordshttps://www.blogger.com/profile/15374868364587507208noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-31020651214073873572011-05-09T13:08:36.237-04:002011-05-09T13:08:36.237-04:00http://fofoa.blogspot.com/2011/05/costatas-silver-...http://fofoa.blogspot.com/2011/05/costatas-silver-open-forum.html<br /><br />I'm reading this but I'm having some issues with it. More comments later but here is my first:<br /><br />"Here’s another potential headwind for the “silver to the moon” guys - the industrial silver users themselves. The manufacturers of the devices which use much of the consumed silver are in cutthroat competitive markets. They have to work hard to remove costs from their products. That includes silver of course. Higher silver prices give them even more incentive to focus on cutting down the silver content or replacing it with a lesser alternative such as copper. FOFOA has an anecdote about one such manufacturer that has already eliminated silver from his process. That said, I will concede that the expanding industrial uses for silver and increasing global demand for products containing silver may fully offset any reductions that the industrial users can make. "<br /><br />Well yes, but so what? What's the point?<br /><br />It happened to gold. It's still happening to gold. Is it a headwind for gold?<br /><br />Gold is the material of choice for bonding wires inside integrated circuits (the "chips" inside computers, cell phones, etc.). But in recent years, gold price has risen so high that chip manufacturers are trying to replace the gold wires with platinum.<br /><br />Another example: in my workshop I have several hundred transistor devices from the 1980s. These devices have gold-plated leads. These days, the cost would be prohibitive, but back then it wasn't - it was a practical application.<br /><br />Yes, of course, manufacturers will look for alternatives to silver as its price rises. How expensive does silver have to be before it gets replaced on a wide scale? The answer will vary in each application.<br /><br />It's possible that, due to innovation, cheaper substitutes will be so effective that they will destroy much existing industrial demand for silver.<br /><br />"Creative destruction" of demand does happen. Transistors destroyed much of the demand for vacuum tubes. LCDs destroyed much of the demand for CRT displays.<br /><br />It's also possible that, due to innovation, silver will replace some *other* expensive material and silver demand will increase.<br /><br />Do you want to bet on silver demand falling rather than increasing? In the short term? Good luck.sumohttps://www.blogger.com/profile/16490367189677374605noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-23929634132326816762011-05-09T13:06:52.786-04:002011-05-09T13:06:52.786-04:00afrum...you got it bro'. All just FRN games. F...afrum...you got it bro'. All just FRN games. FRNs will fade like ferns by Nov.Rickhttps://www.blogger.com/profile/12689336038450859345noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-4784778098299021082011-05-09T13:06:03.066-04:002011-05-09T13:06:03.066-04:00Final OI for Friday out, FINALLY!! 129k for silver...Final OI for Friday out, FINALLY!! 129k for silver. Kind of bullish, but not fully bullish. COT didn't show that much short covering either. Still a lot more bullish than 2 weeks ago at 45, 50 though ;).<br /><br />Hoping for further decreases.Markushttps://www.blogger.com/profile/05841477708608109602noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-73136376379617218072011-05-09T13:03:30.793-04:002011-05-09T13:03:30.793-04:00ewc58
read Turk this morning and second your rec....ewc58<br /><br />read Turk this morning and second your rec. ... I have been meaning to get to R.Rule since the weekend ... thanks for reminding me ... he is another I could have included in my earlier list.Chin Musichttps://www.blogger.com/profile/09961839257953865213noreply@blogger.com