There is massive confusion going on right now people. What March 30th meeting? This is BIGGER than we think right now...is the COMEX TBTF??? Did OweBama say fuck that today? Jesus fucking Christ.
I am awaiting phone calls, and at the worst possible time as I'm stepping out till 10 pm. I will give a very thorough commentary for 11 pm tonight. I am stunned. Something is not right. And whats with Barclay's giving orders to the CTFC an HOUR before the meeting about postponing position limits INDEFINITELY??? Get very very long in silver and gold my friends...more to come, sorry about this, I'm awaiting news from BC ;)
You still think Im full of shit, move along, no need to read here. Go to CNN or Cramers pitch tonight...they will tell you what to do.
Anti Climatic...I agree. Something bigger than life going on right now, 100%.
Keep eye on those deliveries tonight...I have no clue as to how Blythe is going to come up with 1.5 million ounces in the next 2 days. This may be the reason for the delay.
More to come.
http://www.reuters.com/article/2011/03/28/financial-regulation-cftc-idUSN2820598820110328
1st! interesting!
ReplyDeletewhere you goin out tonight pimp? haha i always wonder what its like for folks that actually have lives and go out on nights like monday night. lookin to go read up on some harvey as soon as its available. im quite curious about the last of the silver deliveries but im sure we'll be disappointed to see them miraculously come up with it, perhaps from some of the SLV inventory lol. those guys can move 10 mil oz in 2 days afterall.
ReplyDeleteHmm.. feds stepping in would probably produce undesired regulation.
ReplyDeletewhat no fuckshow? guess i have to wait til thursday.
ReplyDeleteGet VERY long. I told you MF's. I told you so. I knew this was going to happen. Something was going to come up to prevent this from happening.
ReplyDeleteI'm going to tell you again. The only fucking way to stop this is to buy every ounce there is in all 6,000 coin shops in the US. The only possible way. If you are in paper for any reason, even to make more money so that you can buy even more physical than you otherwise can, I consider you PART OF THE PROBLEM. If America falls, and you happen to walk by a community and they invite you in after checking you out a bit, NEVER, EVER reveal that you played the paper markets in order to help leverage PM physical buying. They will be sure to execute you on the spot for prolonging the paper misery.
SE
Part II follows...
Part II
ReplyDeleteThis is your chance now. Get out of paper, make the volume drop on all the paper markets, and start buying 100% physical (metals plus supplies and tangibles). Make CFTC, SEC, COMEX, CME, etc. IRRELEVANT. These communities irate about the collapse of America because of paper will not be so forgiving if you stay in paper all the way to the collapse. You're staying in paper out of greed, out of fear. I can see it in some of your writings, people. I'm not necessarily talking to everyone here, and they'll be looking for you. Don't make yourself a liability, post-America.
SE
well said
ReplyDeleteSGS and all...
ReplyDeleteWhat do you think of this article from ZH about the Bernank possibly ending QE2 early in April? If that happens and either QE3 is delayed 1 to 3 months or never happens at all doesn't that totally tank silver and gold?
Would that be bad for the longs if this really happens or do you think it's just a head-fake to try and shake us out of our miners and some of our physical? If they shake out a bunch of physical then does that give the Crimex more physical to pay off or stock up their vault?
I'm a rookie, so I know I don't have all the info and get the entire big picture along w/ how it might all fit together, so it'd be cool to get a strategy discussion going on what this might mean for us and how we should plan for it.
Thanks SGS and all!
"Blood in The Streets" As QE2 Could End in April?
save america--it wouldnt surprise me if they stopped qe in april as nothing these pricks do surprise me.in fact, ending this early just might be their plan..stop qe for a few months, knock gold and silver down20/30% so when qe3 comes gold and silver prices will be much lower than today...OR I can see the opposite happening.. they stop qe and gold and silver hold their own and in short time start to rise because the smart money knows there is no way out of this...easiest thing to do, just buy some every month...the same dollar amount..100, 500 1000 a month or whatever you can afford...this way you win if the price goes up or down..
ReplyDeleteamerica first.. there is NO WAY on Gods green earth that that idiot can not have QE3 or stop QE2. If that happens it is game over, the US government is gone by a bunch of Irate American who lost ALL of their retirement etc. (this will happen anyway) but they have to prolong this. Inflate or DIE.
ReplyDeleteUnthought...
ReplyDeleteSierra...
Thanx for the replies and comments...hope more join in and we get some war-gaming going on this situation...
That's the thing...it has seemed that nearly everyone knows they can't stop QE'ing the hell out of everything...nobody else is going to buy our debt, right?? If they stop then they smack down commodities probably a nice big chunk as Unthought said. I won't sell any of my physical no matter what. But I'm wondering if I/we/us who hold miners should either sell and take profits early in case they do end QE either early or on time, but then delay QE3 for long enough to wipe out the miners. Or just say fuck it and hold onto the miners no matter what like it's physical, ride out the dip, call their bluff on no more QE and BTFD like crazy and watch the next parabolic skyrocket in PM's go off in the fall sometime since like Sierra said there just can't be any way they can no continue QE'ing or then everything collapses.
sierra - you are partially correct, I believe. Bernanke is under too much pressure from congress and has more bad press than just about any other fed chairman in history. He must justify QE3 by allowing QE2 to stop, either prematurely or otherwise. When the economy tanks, he can then garner sympathy from the American sheeple and influence them to believe he has no other choice. They may even feel sorry for the poor chap and his predicament. I expect PMs will take a modest dip, but silver will probably still hold above $30.
ReplyDeleteSierra- I have miner stocks and have been buying and selling..some good trades, some not so good trades..I fully intend to go mostly into cash right around june and keep my physical..that I am not selling.however, I am not really buying here either.. not because I think it is going down but more because I have enough physical silver that it makes sense for me to see what happens.. if they announce qe3 i can tell you I am going all in..if they dont I will just buy some from july until they announce qe3 and than go all in... if you have some profits with the miners take some off the table and buy physical gold or silver... you cant go wrong..
ReplyDeleteSierra nailed it. The pussyfication of America has worked and it means that 90% of Americans still want their free fucking Govt. cheese and free money and will not sanction any real cuts in Social Security, Medicaid and the huge plethora of social handouts Handout America uses to keep the rats from biting. QE can't stop. The Japanese are the 3rd largest holders of US Govt. debt and they will need to sell that debt and purchase Yen to rebuilt their ravaged country (if you don't mind living in a nuclear wasteland). PM's, food, guns and water should be your main priorities to survive the upcoming financial meltdown. The day was yesterday to be prepared.
ReplyDeleteAC
Obama can't change or authorize breaking the law, that would be an impeachable offense...what Nixon was alleged to do ...same thing. I doubt he would hang himself over a rogue bunch of silver traders that he can simply blame directly.
ReplyDeleteIf they - the CTFC - don't have 3 votes, they cannot enact position limits. That's why the meeting was probably cancelled.
AC: 70% of Americans don't receive anything from the government. Most of us actually know how to live on our own.
ReplyDeleteJack, yes I overstated the percentage. Actually 1 out of 6 is on Govt. handouts and over 50 million on food stamps makes you wonder.
ReplyDeleteI do believe that 49% of the US population doesn't pay income taxes and doesn't give a shit about precious metals.
AC
Isn't SGS back from his anger management class yet? :) Climbing the walls here buddy!!!
ReplyDeleteAC
Look, the CFTC will never do a G.D. thing about the ongoing theft in the metals markets. It's OVER. They are OWNED. Let it go.
ReplyDeleteSincerely,
Reality
Don't forget, in 2008 the hedge fund and banksters were LONG miners. In 2011 they are SHORT. The big players and government bitches won't be able to sell off the miners, they don't own any. But physical could take it up the ass if Ben pulls the plug on QE2 early, or fronts like he will.
ReplyDeleteThis comment has been removed by the author.
ReplyDeletePete, Blythe is choking every fucking chicken in this World to come up with the 7 million ounces of silver to pay the March standers. If she pulls this off - good for her, because she won't make it past May for sure! The CTFC still has to answer to the public and we have at least one person of good character there.
ReplyDeleteAC
290 more deliveries per 40 minutes ago...they will make it. No default.
ReplyDeletewww.cmegroup.com/delivery_reports/MetalsIssuesAndStopsReport.pdf
AC_Doctor, Big deal. JPM will not be allowed to suffer. They will steal Silver from whoever they have to, or change the rules in midstream if they have to. CFTC is not your friend. Bart Chilton, even if he is on our side, has no chance. It's a pipe dream. Give it up.
ReplyDeleteHow do you read that report, Jack? What does "stopped" mean (the column next to "issued"?
ReplyDeleteWhat's the delay? Obombomb is going to borrow My Blight the silver. It is currently being held in level B36 of the White House. It seems as though the elevator has gone out, do Obombomb is having Hill & Bill carry it up all 35 floors by themselves. I let you know more as news comes in but Blyght is really pissed off at me for narking on her and BB this afternoon.
ReplyDeleteInsight:
ReplyDeletehttp://forums.silverseek.com/showthread.php?18970-How-the-Comex-works
@Pete... changing the rules doesn't create silver or gold bars out of thin air
ReplyDeleteWake me up when COMEX defaults or JPM is forced to cover. It's all bullshit.
ReplyDeleteLook, I'm up to my tits in Silver. Been buying since 2005 (in the 7s). I'm in. But this dream of Chilton and CFTC riding to the rescue is total garbage. IT AIN'T GONNA HAPPEN.
Prove me wrong, CFTC, PLEASE.
I like most of your post but please leave Jesus out of this.
ReplyDeleteI hear ya Pete. The time to pussyfoot around is over...time to roll out the guillotine and get it on.
ReplyDelete