tag:blogger.com,1999:blog-3034901630224544639.post7336290362633109942..comments2024-02-23T05:16:46.265-05:00Comments on Along The Watchtower: One More Monday UpdateTurd Fergusonhttp://www.blogger.com/profile/03393759110641882003noreply@blogger.comBlogger124125tag:blogger.com,1999:blog-3034901630224544639.post-62999989839275911272011-02-24T13:04:53.882-05:002011-02-24T13:04:53.882-05:00Bix that is. ;)
Luck all.Bix that is. ;)<br /><br />Luck all.Unknownhttps://www.blogger.com/profile/00051383854741710714noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-39291098125316705832011-02-23T08:18:09.997-05:002011-02-23T08:18:09.997-05:00Blyth,Blyth! Come on sweetpea, time to get upBlyth,Blyth! Come on sweetpea, time to get upFhttps://www.blogger.com/profile/09066333396212339707noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-82236354503415336402011-02-23T02:40:22.161-05:002011-02-23T02:40:22.161-05:00You know guys we are in a different era now. Even ...You know guys we are in a different era now. Even if there is a short squeeze going on things come back down to earth. It is like saying houses prices only go up and it is different this time. In economics one of the first things you get taught is that people have short memories.<br /><br />Those of you who think silver is going to 50 or a 100 very soon are no different from anyone buying their house at the peak. Please do not flame me, I follow with interest what is going on here but I keep a healthy sense of suspicion.<br /><br />As far as Adam Hamilton goes I subscribe to his PM newsletter, he is not really my buddy but as a long time PM trader I respect his opinion.<br /><br />For those of you who are interested<br /><br />http://www.zealllc.com/intelligence.htmApartment guyhttps://www.blogger.com/profile/07157291696064752949noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-71505321994507045522011-02-22T23:47:07.018-05:002011-02-22T23:47:07.018-05:00Re: Sprott & HSBC, my bad, it was a silver ETF...Re: Sprott & HSBC, my bad, it was a silver ETF that HSBC is custodian for. Sorry for the mistake.lord kooshttps://www.blogger.com/profile/02990996827235679573noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-26742199705827022172011-02-22T23:44:55.639-05:002011-02-22T23:44:55.639-05:00Adam Hamilton sounds like he is going by historic ...Adam Hamilton sounds like he is going by historic silver moves. He doesnt' seem to realize that we are in a whole new era right now. I imagine that he was saying the same thing when silver when silver spiked last yearlord kooshttps://www.blogger.com/profile/02990996827235679573noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-56922452387575778352011-02-22T23:07:33.257-05:002011-02-22T23:07:33.257-05:00Apartment Guy....the Moneychanger said this a few ...Apartment Guy....the Moneychanger said this a few days ago: <br /><br />"Stick a little note on your mirror to remind yourself that stocks and silver trend together. When the stock market breaks, silver won't be long behind. (Whoa! No fiery emails please, silver lovers, I am only talking about silver's performance relative to gold.) <br />When investors are risk hungry, they buy stocks and silver. When the are risk fearful, they sell stocks and silver and buy gold."<br /><br />I guess owning both is sort of like having your own hedge fund going.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-7622259234053403862011-02-22T22:15:05.647-05:002011-02-22T22:15:05.647-05:00It never ceases to amaze me that some people will ...It never ceases to amaze me that some people will post BS that can be disproved with just a mouse click or two. HSBC has nothing to do with managing Sprott's Physical Silver Trust or any other Sprott fund.<br /><br />=========<br /><br />"The Sprott Physical Silver Trust’s bullion holdings are stored and fully allocated by the Royal Canadian Mint in Ottawa, Canada. The Trust’s silver is segregated and fully-audited to ensure the highest security and assurance. The Royal Canadian Mint is NOT a financial institution – it is a Crown Corp. of the Government of Canada and does not lend out bullion held in its vaults."<br />http://www.sprottphysicalsilvertrust.com/WhyInvest.aspx<br /><br />For those interested in learning the facts about the fund here is the Prospectus: http://www.sprottphysicalsilvertrust.com/documents/Sprott_Physical_Silver_Trust_Prospectus_US.pdfJPhttps://www.blogger.com/profile/09751978339290618888noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-65746419155596152892011-02-22T22:05:40.557-05:002011-02-22T22:05:40.557-05:00Thanks Turd! I love thread... :)Thanks Turd! I love thread... :)flaunthttps://www.blogger.com/profile/16131258898695819788noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-74787028992620741502011-02-22T22:05:13.343-05:002011-02-22T22:05:13.343-05:00Well I have a problem when people start claiming t...Well I have a problem when people start claiming to know what the trust has in inventory and who it belongs to, etc. If they know then they should product evidence. If people want to avoid it because they don't trust it, that's reasonable. I really doubt whether anyone has done much homework on any of the trusts. It's all based on reputation. JPM has a bad rep and Sprott has a good one. That's about as deep as it goes IMO.flaunthttps://www.blogger.com/profile/16131258898695819788noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-74705446357874071482011-02-22T21:41:01.948-05:002011-02-22T21:41:01.948-05:00I have a really nice, new thread for you. I think ...I have a really nice, new thread for you. I think you're going to like it.Turd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-70706059555700892502011-02-22T21:40:38.573-05:002011-02-22T21:40:38.573-05:00checking out ZH briefly and a poster brought up an...checking out ZH briefly and a poster brought up an interesting point I hadn't considered/read about in any posts - does anyone know whether Egypt/Libya, etc., have any silver holdings and if so, are they being 'borrowed'? simple answer might be they don't have much/any but don't know for sure...caramelhttps://www.blogger.com/profile/16037173721286319471noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-18835528411985724272011-02-22T21:40:36.585-05:002011-02-22T21:40:36.585-05:00lord koos, uhh, here's 2 key difference:
SLV,...lord koos, uhh, here's 2 key difference:<br /><br />SLV, GLD: Bogus metal holdings<br />PSLV, PHYS: Real metal holdings<br /><br />SLV, GLD: Jamie and Blythe<br />PSLV, PHYS: Eric Sprott and John Embry<br /><br />Not much of a choice there for mostewc58https://www.blogger.com/profile/08838475045073270530noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-83992402543818430422011-02-22T21:37:59.104-05:002011-02-22T21:37:59.104-05:00RE: Harvey Organ and SLV
FWIW, and with apologies...RE: Harvey Organ and SLV<br /><br />FWIW, and with apologies if this has already been covered and I missed it, here is the url to an explanation of the "China Short Theory" which posits that China loaned the US 300m oz of silver and is now trying to get it back via the COMEX. I saw another version of this somewhere that suggested China might be redeeming ETF shares as a way of getting their bullion as well.<br /><br />http://www.thetradingreport.com/2011/01/19/an-interpretation-of-the-china-silver-short-theory-and-fractional-reserve-bullion/<br /><br />I have been trading SLV options because they have a very liquid market and offer some very good profit opportunities, but I have had the same concern that Harvey has, that they don't really have the bullion to back the shares. It doesn't matter to me as long as there is a market for the options, but with more and more talk about whether that is the case I think I will find another vehicle to trade.oldNavyhttps://www.blogger.com/profile/13469860895472725824noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-47495791956908635782011-02-22T21:37:19.921-05:002011-02-22T21:37:19.921-05:00Flaunt:
Re: Harvey & SLV - It's actually n...Flaunt:<br />Re: Harvey & SLV - It's actually not a contradiction, but it is a little convoluted. SLV does have physical metal, but it's not theirs - It's the Bank of Englands, and it's not really the Bank of Englands, it's whoever the bank of england has recieved deposits from, which are then leased to SLV. So technically, the metal IS there, but it does not belong to SLV. Thus when inventory leaves, he attributes it to the Chinese taking possession via SLV, which really means taking posession of metal that isn't SLVs to give, but if they were to admit that then the game would be up. Similarly, when new "silver" is added to the "vaults", it's not metal moving in but just more paper promises which again, as long as the custodians think they can get away with it will still be callable by someone tendering SLV shares, but again it does not belong to them.<br /><br />Thus SLV has no metal of it's own, but is able to distribute OPM (other peoples' metal) to those tendering SLV shares for physical.<br /><br />Convoluted, but given how much rigging is happening I have a hard time proving him wrong either.Zerglinghttps://www.blogger.com/profile/04400422688071713072noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-43911230143881181082011-02-22T21:37:07.904-05:002011-02-22T21:37:07.904-05:00Things should get interesting here with silver at ...Things should get interesting here with silver at around 10:30-11:00 central time...break out the popcorn or beer and sit back and watch.Unknownhttps://www.blogger.com/profile/18231043938386429944noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-54880759458285828462011-02-22T21:28:59.235-05:002011-02-22T21:28:59.235-05:00Ugrev: He is right, and the EE knows that we know ...Ugrev: He is right, and the EE knows that we know that they know it is over.Don Pontioushttps://www.blogger.com/profile/02452933558086907142noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-64183699393138688762011-02-22T21:28:47.777-05:002011-02-22T21:28:47.777-05:00I especially like the sequence of movie posters on...I especially like the sequence of movie posters on Jesse's site...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-3696102004962518342011-02-22T21:23:08.620-05:002011-02-22T21:23:08.620-05:00@ flaunt
On the other hand, people don't seem...@ flaunt<br /><br />On the other hand, people don't seem to mind that Sprott's Silver trust is managed by HSBC? Go figure. <br /><br />At any rate, it seems that money and credit is easier to find than silver right now.lord kooshttps://www.blogger.com/profile/02990996827235679573noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-12589322667284384812011-02-22T21:09:13.247-05:002011-02-22T21:09:13.247-05:00Turd and Hyde, I remember Jason Hommel used to kee...Turd and Hyde, I remember Jason Hommel used to keep an online database of all the miners and their hedgin information. This was a year or two ago, so I'm not sure if it is still updated and free, but it was back then. I'll try to find the link and post it here.Art Vandelayhttps://www.blogger.com/profile/16011790499838116384noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-90754534566147149222011-02-22T21:03:15.390-05:002011-02-22T21:03:15.390-05:00Looks like silver is currently forming a symmetric...Looks like silver is currently forming a symmetrical triangle. A breakout could happen on the upside or downside so be prepared.Unknownhttps://www.blogger.com/profile/18231043938386429944noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-65496147894934841392011-02-22T20:55:53.084-05:002011-02-22T20:55:53.084-05:00Nice one Turdle. I've often wanted to deal wit...Nice one Turdle. I've often wanted to deal with "dawdling service" with a sixgun myself.<br /><br />The show gets even better if you pretend that it's Blythe behind the bar.ewc58https://www.blogger.com/profile/08838475045073270530noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-73929265361381540062011-02-22T20:32:26.240-05:002011-02-22T20:32:26.240-05:00Turd and Trader Dan starring in a Western over at ...Turd and Trader Dan starring in a Western over at Trader Dan's blog, getting a little respect - check it outTurdle GGhttps://www.blogger.com/profile/01132822226095829192noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-70308304942220317912011-02-22T20:30:41.253-05:002011-02-22T20:30:41.253-05:00Has any else counted the number of runs that the E...Has any else counted the number of runs that the EE have tried at blowing gold under 1395?<br /><br />Not one of the runs/raids has worked.<br /><br />I count more than 18 attempts to sell down the gold price and blow through 1395. The only one that got to 1395 was this morning after Hong Kong closed. It blew back up through 1400 within 2 hours in london.<br /><br />I get the distinct feeling that the Asian and Middle Eastern power knows that the EU, UK, and USA sellers have to punch down the price.<br /><br />So, they're all just sitting and waiting and choosing where to enter.<br /><br />But, once entered, they enter hard and with conviction.<br /><br />The disorder was setting in yesterday. That disorder was not helpful to many who want to go long on the physical gold and silver.StrongSideJedihttps://www.blogger.com/profile/03527442903603413599noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-2744818130062715082011-02-22T20:21:49.534-05:002011-02-22T20:21:49.534-05:00I want to thank all that stopped by my site. (Sham...I want to thank all that stopped by my site. (Shameless blogwhoring alert) I had my best day for hits. <br />Thanks Turd, while you can't eat silver or gold/ or stocks and bonds. I'll get a few with good food stockpiles and they'll have food to eat, water to drink and all the other stuff and be self-sustaining.Adventures in Self Reliancehttps://www.blogger.com/profile/11992613362743785392noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-16435563492001479592011-02-22T20:17:23.017-05:002011-02-22T20:17:23.017-05:00According to the prospectus for AGQ, it trades con...According to the prospectus for AGQ, it trades contracts at all exchanges. I suppose (hope?) that price discovery for silver will still be taking place somewhere in the world, even if the COMEX goes into a coma. So if it is well-managed, it should continue to do its job. However, I definitely consider the possibility that it will go to $0, which is one reason I just applied to add option purchasing to my brokerage account. I am going to sell my long positions and use options going forward.Xaritashttps://www.blogger.com/profile/06795436369873923926noreply@blogger.com