tag:blogger.com,1999:blog-3034901630224544639.post8831337140315066289..comments2024-02-23T05:16:46.265-05:00Comments on Along The Watchtower: A Positive DevelopmentTurd Fergusonhttp://www.blogger.com/profile/03393759110641882003noreply@blogger.comBlogger100125tag:blogger.com,1999:blog-3034901630224544639.post-22668072362571831752011-03-29T16:32:53.710-04:002011-03-29T16:32:53.710-04:00Silver Run
please explain what "FAILS TO DEL...Silver Run<br /><br />please explain what "FAILS TO DELIVER" chart delivers to you when you input the stock ... thanksChin Musichttps://www.blogger.com/profile/09961839257953865213noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-59093726198140348372011-03-29T16:31:56.240-04:002011-03-29T16:31:56.240-04:00@Jimmy who said;
"Are you saying that would b...@Jimmy who said;<br />"Are you saying that would be the mother of all dips? or am i missing something? If the paper market in PMs crash, would it even make sense to buy the dip in paper silver?"<br /><br />Would that be the big MOAD's? In a way, yeah I guess. That would be the big decoupling of physical from paper no?<br />I would only buy that MOAD's with a cash position in paper if you could. Otherwise buy physical for cash if you could find it.<br />Imagine such a scenario if you will, there would be huge paper losses in all mkts. and margin calls to go with it. So it might<br />maybe be possible to buy a paper MOAD in such a drastic move but next to impossible to buy a physical MOAD during or while mkts settle out.<br /><br /><br />Other than PM stocks, not sure what papare metals would do since they would no longer influence physical. Would they even still be around or would they be destroyed by default?<br />Not sure so am not sure if papare silver (or metals) would make any sense. PM stocks would though.<br />Of course if you hold a paid for in full position in PM stocks or physical then you could hold on through it all.<br />Best bet, no margin - no derivative. Prices would be balanced at a higher plateau with little movement if any.<br /><br />@DarkPurple.<br />You're right. Who knows how long things would be shut down during a rebalance/reset.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-26052902736907227152011-03-29T16:14:24.555-04:002011-03-29T16:14:24.555-04:00And the good news!
"The radioactive core in a...And the good news!<br />"The radioactive core in a reactor at the crippled Fukushima nuclear power plant appears to have melted through the bottom of its containment vessel and on to a concrete floor, experts say, raising fears of a major release of radiation at the site."<br /><br />http://www.zerohedge.com/article/guardian-reports-core-reactor-2-may-have-melted-concrete-floor-radioactive-lava-next<br /><br />Somehow this will be bullish for the market, just like this mornings reports. I'm sure someone will figure out how to state this is a new "renewable energy source" in Japan. BTFDjustmy02https://www.blogger.com/profile/04463799092640793834noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-10780033775283864082011-03-29T16:09:32.477-04:002011-03-29T16:09:32.477-04:00No pop at the close. Bought and flipped a thousand...No pop at the close. Bought and flipped a thousand SLW for a pittance of a profit. <br /><br />So, why aren't the miners getting a bid as the hedgies unwind their spreads? I don't get it. Looks like we are trading in a tight range until we break out or swoon.<br /><br />Tough to make a buck off it.<br /><br />SKSSKhttps://www.blogger.com/profile/08201177214232727132noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-50310347948275990772011-03-29T16:09:05.742-04:002011-03-29T16:09:05.742-04:00Wandee, I agree. We cannot say in the end where Si...Wandee, I agree. We cannot say in the end where Silver will be. I feel safer in Gold bullion but I feel that Silver is quite uncertain. It could spike to over 100 and then crash to 40 just as the Sheeple pile in. But with revaluation I do not feel finally that this will happen to Gold. Gold will be bought from fear and not from greed and the Central Governments want it. I give credit to Stewart Thompson for this insight and I suspect it harmonizes with Jim Sinclair. But who knows? I just think the Max Keiser crowd that divines Silver to 500 are in for alot of surprises. First off, they will never crash JPMorgan. And secondly the 500 number reminds me quite distinctly of the same language used back in 00' when tech prices were bandied about.rthaler71https://www.blogger.com/profile/03227298271202513472noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-72673380300723866312011-03-29T16:07:30.718-04:002011-03-29T16:07:30.718-04:00California Lawyer: I agree with you on the seamles...California Lawyer: I agree with you on the seamless integration of plastic into our economic fabric. I was very surprised when I first heard of SNAP (less than a year ago) and thought it was a good thing for those on food stamps because it removes some of the stigma from purchasing in public. Then I realized it is quite an effective ruse to hide the very LARGE numbers of people who are now forced to be slaves to the Government tit (many through no fault of their own). There just aren't a lot of meaningful jobs. I know. I've been searching for 2 years now. I'm not on welfare though... unless you include my meager Navy retirement. <br /><br />Go to a Wallmart around midnight on the night the cards are "refilled" and you'll see what I mean.<br /><br />I was also raised on paranoia courtesy of the LDS (We're in the Latter Days children!) and grew up dreading the apocalypse but at least they are right about food storage in my opinion. But the church was always more of a social than a spiritual thing for me, I found God more often in the mountains than in a building. <br /><br />If I put my tin-foil hat on I can see even plastic being replaced by an RFID implant or the mark of the beast being something like a QR code tattoo.<br /><br />Those waiting for the rapture and thinking they will be whisked away to a land of rainbows and gumdrops are going to be disappointed I believe.<br /><br />Gold, Guns and Grub will save yer ass.kiyoteihttps://www.blogger.com/profile/02511715559719212610noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-27467638863255001162011-03-29T16:07:20.817-04:002011-03-29T16:07:20.817-04:00another new threadanother new threadTurd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-18732688375066423062011-03-29T16:06:45.372-04:002011-03-29T16:06:45.372-04:00Guy Fawkes,
I wish I knew what happens with the F...Guy Fawkes,<br /><br />I wish I knew what happens with the FTD shares, but smarter folks have been researching NAKED SHORT SELLING for years. I found a good podcast with Dr. Patrick Burns of Overstock.com (starts at minute 3:30) at http://tragedyandhope.com/<br /><br />Episode 005 OVERSTOCKED: (Interview with Patrick Burns) <a href="http://tragedyandhope.com/" rel="nofollow">Link</a><br /><br />It's 2.5 hours long, but very informative. I have not (yet) listened to the other podcasts, but episode 5 is very good. You can skip the first 3 1/2 minutes.SilverRunNWhttps://www.blogger.com/profile/08152533459860290756noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-68033912545391693582011-03-29T15:53:07.133-04:002011-03-29T15:53:07.133-04:00I think the Market in PMs will go both up and down...I think the Market in PMs will go both up and down. But since I can't say when either will occur, I buy weakness and sell into strength. 50-70% of a move is better than none and I am no hero nor am I a genius. We only have about 2 dozen mitigating factors day to day in the price of commodities. Whosoever can call that on a consistent basis, he is Alexander the Great and I bow before him in utter humility.rthaler71https://www.blogger.com/profile/03227298271202513472noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-30433638017761478612011-03-29T15:50:12.580-04:002011-03-29T15:50:12.580-04:00Lord Koos said...
"In the real world people a...Lord Koos said...<br />"In the real world people are willing to pay high premiums to hold small amounts of physical metal."<br />----------------<br />To confirm your comment, on the local Craigslist there is a listing from someone wanting to buy American Silver Eagles, and is offering Spot + $2.99 for them.Mammothhttps://www.blogger.com/profile/15331079890390629462noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-72526584348273103432011-03-29T15:48:46.740-04:002011-03-29T15:48:46.740-04:00Chap72 CHUCK
Where does CEF and GTU figure in al...Chap72 CHUCK<br /><br />Where does CEF and GTU figure in all this? More like Sprott, with lower premiums, wouldn't you say?<br /><br />I have physical of both g and s, but want to diversify out of the U.S., holding for awhile. GTU's premium has been pretty low, but it seems pretty illiquid...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-25594330288506656812011-03-29T15:47:57.573-04:002011-03-29T15:47:57.573-04:00Turd,
Can you do a post about your profit booking...Turd,<br /><br />Can you do a post about your profit booking strategy?Robert LeRoy Parkerhttps://www.blogger.com/profile/10590421224681538226noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-44464228405653883812011-03-29T15:47:11.082-04:002011-03-29T15:47:11.082-04:00Do I completely misunderstand funds or are PSLV, P...Do I completely misunderstand funds or are PSLV, PHY, SVZRF, GTU etc. absolutely NOT ETFs (Exchange Traded Funds?) Aren't they Closed End Funds (CEFs)? As such I would say that I hold no ETFs and I hold a LOT of CEFs and consider them perfectly safe for long term investing while I do not consider the ETFs safe.<br /><br />If I'm wrong would someone correct me please?<br /><br /><br />BradCurmudgeonly Dissemblerhttps://www.blogger.com/profile/02697815839533435254noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-2201467152860489582011-03-29T15:47:05.147-04:002011-03-29T15:47:05.147-04:00SilverRunNW,
So what happens to the buyer of thos...SilverRunNW,<br /><br />So what happens to the buyer of those shares that are never delivered?Guy Fawkeshttps://www.blogger.com/profile/16697016429408709638noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-33991850946479666962011-03-29T15:43:57.688-04:002011-03-29T15:43:57.688-04:00Further to Yukon's questions, my understanding...Further to Yukon's questions, my understanding of what will happen when the paper market finally decouples from the real thing ?<br /><br />Any price drop in physical at that time, will be our last and possibly best chance to buy before it goes to 'no bid' as there will be no gold for sale until a new gold backed currency is launched.<br /><br />Suspect there will be weak hands at that time and am confident there will always be buyers.<br /><br />My instinct is that it could be a trigger to bring down all paper, which is why its so important to the EE to keep PM paper prices suppressed.<br /><br />Be careful what you wish for, as this will not be an easy transition for most of us.<br /><br />rblrblong2ushttps://www.blogger.com/profile/17980644180611676820noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-15432778614317516482011-03-29T15:41:59.349-04:002011-03-29T15:41:59.349-04:00Jimmy....not trying to startle anyone by what I sa...Jimmy....not trying to startle anyone by what I said. Just mentioning what I think could happen in a prolonged moment of turmoil and fear.<br />I think the paper market could melt to almost nothing in a cannibalistic algo way.<br />I think the spot price of phys Ag/Au etc. will follow but not nearly as low.(50% ?)<br /> Just a huge negative reaction but not for long.<br />This is just a guess on my part how the initial reality of what might happen and the fear and betrayal we will feel and the lack of a plan by our Gov. that will NOT be beneficial to the average consumer. I don't see anything positive happening for the average person who has paper out there when it does or if it happen. Holders of phys. PM's will feel safer but will<br /> still be super concerned/scared/mad etc.<br />It will get really nuts unless a conversion to a PM based currency (domestic or IMF like) happens ahead of a comex default. Doesn't seem like a plan is in place except to try and keep papering over the entire scheme. Our Gov. downplays the importance of PM's as viable or needed for the average citizen.<br />Bankers love to write paper contracts and I think their main priority is not to get stuck with it in the very end when they see the paper peeling off the walls.DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-66827977879756342032011-03-29T15:41:36.963-04:002011-03-29T15:41:36.963-04:00a lot of people are taking a wait-and-see attitude...a lot of people are taking a wait-and-see attitude until we get into April. I know that I'm waiting for a strong indicator in either direction before my next physical buy.<br /><br />My answer to an earlier question about prices, I believe at this point that the metal price is following the artificially low paper price. In the real world people are willing to pay high premiums to hold small amounts of physical metal.lord kooshttps://www.blogger.com/profile/02990996827235679573noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-10272131098307413012011-03-29T15:37:07.487-04:002011-03-29T15:37:07.487-04:00Guy Fawkes said...
SilverRunNW,
I have Aurcana als...Guy Fawkes said...<br />SilverRunNW,<br />I have Aurcana also; so that means it is being naked shorted correct?<br /><br /><br />Yes, that's what it means. Dirty scoundrels. This link is also decent, though it can be slow: <br />http://regsho.com/tools/short_list.php?dys=%3E12SilverRunNWhttps://www.blogger.com/profile/08152533459860290756noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-50381511278910851002011-03-29T15:31:44.056-04:002011-03-29T15:31:44.056-04:00@DarkPurpleHaze:
You said:
"This whole peri...@DarkPurpleHaze:<br /><br />You said:<br /><br />"This whole period is part of the psychological transition to believing in PM's as a proxy currency and then a virtual electrionic or plastic backed international currency that is PM backed or at least the premise is that it is PM backed."<br /><br />Damn right, spot on.<br /><br />That is something I have been watching and noticing occurring incrementally ever since I was told at a young age to "beware the mark of the beast." (1970's from my zealous Christian grandmother). This is the Christian reference to the end of times mentioned in the Book of Revelation.<br /><br />Putting Biblical references aside, as I tend to intellectually view things now that I am older, here in California, it is readily apparent that the populace is bein-and has been now for quite some time--conditioned to use a plastic card to purchase things. Every grocery store, small mom and pop, gas station, even the lowly fast food joint, allows and encourages customers to just swipe the card instead of digging into their pockets for cash. No one writes a check anymore. Welfare recipients now get "SNAP" [supplemental nutrition assistance program] cards and "WIC" [women, infants, children] cards, which can be used at convenience stores like 7-11. There are no longer paper welfare stamps, or checks. All govt payments to the welfare recipients are by electronic means. Is that not frightening?<br /><br />As I see it, FRN's are almost useless to the average consumer. Almost no one uses actual cash to make bigger purchases anyway. ATM's don't give out enough paper, and no one walks around with that kind of moneyamount of paper banker notes in their wallets anyway.<br /><br />So, when TSHTF, I see it as being no big deal to the average US consumer who is told by the government to promptly exchange their old FRN's for a magic plastic card which will be tracked to their own unique biometric signature. The feds could very easily outlaw the use of FRN's or anything else for legal tender.<br /><br />There will still be a black/gray market, however.<br /><br />So, when it happens, here in the USA, the populace will just meekly accept their fate.<br /><br />In China and around the world, though, the plastic US transaction cards will not be recognized.<br /><br />Actual silver and gold will therefore be extremely valuable.California Lawyerhttps://www.blogger.com/profile/14850604528117398639noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-50543533274547191012011-03-29T15:29:27.436-04:002011-03-29T15:29:27.436-04:00If Trader Dan is correct and the hedge funds are u...If Trader Dan is correct and the hedge funds are unwinding their gold/gold miner ratios to close out their quarterly books, then dammit, we should see the HUI spiking. But it ain't. Trader Dan knows his shit. I'm going to trade the hell out of the last 30 minutes. Starting with SLW.<br /><br />We could see a nice pop at the close. <br /><br />SKSSKhttps://www.blogger.com/profile/08201177214232727132noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-56809685548350501762011-03-29T15:25:11.172-04:002011-03-29T15:25:11.172-04:00@ max:
you are wrong about FOFOA-actually he makes...@ max:<br />you are wrong about FOFOA-actually he makes a lot of sense. Ypou need to spend a good amount of time reading his stuff to get a handle on it.<br />you may not like what he says about silver-but guess what Santa says pretty much the same thing.<br />We don't know how silver will play out if the money dies.<br />In the meantime it sure has a lot going for it.<br />I take my silver profits and buy gold.Wandeehttps://www.blogger.com/profile/15050772081798287660noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-49616017071002634222011-03-29T15:23:54.600-04:002011-03-29T15:23:54.600-04:00Haha, this is why I love this board. It's like...Haha, this is why I love this board. It's like Markus was reading my mind. So think about the questions I asked then read that article and tell me why anyone wouldn't have a vast percentage of their holdings in honest to God, in your hands, you sleep with it under your pillow every night, physical metal. <br /><br />I think we're all operating on the same knowledge and belief here, but sometimes I here folks say that SLV, GLD, PHYS or PSLV is the same as physical in your custody.<br /><br />No. <br />It. <br />Isn't.<br /><br />Physical is physical. Period. Hope everyone here has there's (and is adding more). =)<br /><br />YukonYukon Corneliushttps://www.blogger.com/profile/05836033188658543480noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-68833675385220227572011-03-29T15:23:26.052-04:002011-03-29T15:23:26.052-04:00I= It
It used to say March, now it says May.I= It<br /><b><i>It</i></b> used to say March, now it says May.reefmanhttps://www.blogger.com/profile/08183719447389199353noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-86448914629946965792011-03-29T15:22:56.810-04:002011-03-29T15:22:56.810-04:00max said...
Jimmy, fofoa is a quack. Makes no sen...max said... <br />Jimmy, fofoa is a quack. Makes no sense. <br /><br />FOFOA is not easy reading but if you read enough you will learn that he has a deep understanding of Gold.<br />Since 'taking the red pill' 5 years ago, I have learned more about Golds real function from his writing and that of Another and FOA than from any other source.<br /><br />Makes no sense to you perhaps ?<br /><br />rblrblong2ushttps://www.blogger.com/profile/17980644180611676820noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-14450140927866985552011-03-29T15:22:24.689-04:002011-03-29T15:22:24.689-04:00STAND FOR DELIVERY rolled over to May. Check it ou...STAND FOR DELIVERY rolled over to May. Check it out:<br /><br /><a href="http://standfordelivery.com/" rel="nofollow">"On May 29th, 2011 we will STAND FOR DELIVERY"</a><br /><br />3 million ounces. <br /><br />I used to say March, now it says May.reefmanhttps://www.blogger.com/profile/08183719447389199353noreply@blogger.com