Friday, March 4, 2011

Paging Blythe, my ulcer is growing, paging Blythe (UPDATED)

UPDATE: JPM's CME just raised crude margin hike by 10%, Metals hike immanent.

JPM has a growing problemo. Its called runaway inflation. And even the IMF is pumping the inflation story now...thanks!

Im not big on fiat prices, but this is encouraging nonetheless. I hope you have a chair to sit on before the music stops.

Posted by at

49 comments:

  1. rahbiiMarch 4, 2011 at 9:58 AM

    BUY! MORTIMER! BUY!

    ReplyDelete
  2. AnonymousMarch 4, 2011 at 10:21 AM

    I cannot explain why silver is up 2.7%, while gold lags at 0.9%, platinum at 0.7%, and palladium at 0.5%, and copper at 1.4%.
    So why is silver up so much?????
    Something is up...

    ReplyDelete
  3. AnonymousMarch 4, 2011 at 10:35 AM

    Silver has a massive hard on today! SGS, are you still expecting Blythe to smash it down to 33.50?

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  4. JoeMarch 4, 2011 at 10:41 AM

    I have a feeling we are on the verge of a USD crisis/devaluation, and this is another reason I expect $69+ Silver in June.

    Joe M.

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  5. zepsterMarch 4, 2011 at 10:50 AM

    What's the scoop - did JPM just go long?

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  6. The News UNITMarch 4, 2011 at 10:50 AM

    I wonder how well a currency devaluation is going to go over for the people. People are beginning to become aware how lawless the bankers and world leaders are. There could be some real trouble ahead.

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  7. silvergoldsilverMarch 4, 2011 at 10:51 AM

    Saudi's are rallying!! Like I said 2 weeks ago...HERE WE GO!

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  8. silvergoldsilverMarch 4, 2011 at 10:53 AM

    argyria: That should have happened overnight. The game has changed now that $35 wall is gone, and $US is getting straight FUCKED UP right now.

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  9. YousifMarch 4, 2011 at 10:54 AM

    Reinforcements have arrived :) These are just the preliminary skirmishes ... expect more.

    I think everyone here should listen to "Make Yourself" by Incubus. Very relevant lyrics:

    "If you let them fuck you, there will be no foreplay.
    But rest assured, they'll screw you complete, till your ass is blue and gray"

    @SGS your efforts in this ideological struggle are beyond monumental, I urge you not to make them "past tense" ... please, don't pull a "Wynter Benton".

    The time to act is now.

    You are not alone!

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  10. jasaMarch 4, 2011 at 11:02 AM

    USD & Euro about to go into freefall?

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  11. UnknownMarch 4, 2011 at 11:17 AM

    SGS, any news on encanto?

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  12. silvergoldsilverMarch 4, 2011 at 11:27 AM

    No news on EPO, I am in the middle of throwing that medium to large tantrum. People are literally going to PDAC to throw shit at management. Only good sign is that it hasnt had any selling pressure. The big boys have made there bets, sitting tight. Im optimistically surprised at this stock...the tightest lips I've come by in a very long time. this is confirmed b/c the stock is just sitting idle at .49-50's spring loaded either way. Good luck.

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  13. JesusfreakinCOMarch 4, 2011 at 11:28 AM

    PPT hard at work today. Plenty of fires...

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  14. MEMarch 4, 2011 at 11:42 AM

    This comment has been removed by a blog administrator.

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  15. Blyght's MomMarch 4, 2011 at 11:49 AM

    Gotta run down there. My little Blight needs some clean panties. Like the bears, she just shit her pants. Don't worry Honey, Mamas on her way, and I won't forget the wipes.

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  16. silvergoldsilverMarch 4, 2011 at 12:23 PM

    Seriously have many fuckin times do I have to say dont pump stocks on here. Go to stockhouse for that. I dont have time to answer 500 emails about some fucking stock that posters spew about. Thanks for understanding.

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  17. The News UNITMarch 4, 2011 at 12:27 PM

    You guys are trading Canada eh? I'm stuck here in the USA. But I'm doing quite well today in oil. I can't believe the progress I'm making. Might have to buy more bullion again---good.

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  18. AnonymousMarch 4, 2011 at 1:19 PM

    @newsunit--
    You can trade Canadian stocks in the USA by using the OTC/pink sheets.
    I would consider trading Canadian stocks this way.
    For instance, SGS's fav "Tinka Resources" trades on the USA OTC/pink sheets under symbol TKRFF.
    http://www.otcmarkets.com/stock/tkrff/quote

    Your USA broker can trade these.

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  19. AimBotMacroMarch 4, 2011 at 1:30 PM

    Perfect timing!!! I LOVE the day of rage. I've been waiting to exercise my March silver options. Instead of "day of rage" I'm calling it the "day of mega fiat" (1200%/1000%/1600%). Held them for 1 year and was way otm. Now heavily itm.

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  20. AimBotMacroMarch 4, 2011 at 1:33 PM

    No no no. Don't buy pink sheets!!!! Get a global account from your broker and buy the real stock. This way you have the real shares and exposure to Canadian currency! Double inflation hedge.

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  21. FerdinandMarch 4, 2011 at 1:38 PM

    How is it that SLV can add 1M ounces and yet we have to stop producing silver eagles?

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  22. WineGuyMarch 4, 2011 at 1:51 PM

    SGS, I get the impression you think a margin hike is bad for PM's? On the contrary, it's very bullish for PM's moving forward. It makes it harder for the specs or margin players to play hence we're left with "old" or "big" money in the game. Cheers

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  23. Turd FergusonMarch 4, 2011 at 1:54 PM

    SGS: Nice call. You said yesterday that today would be strong. Well done!!

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  24. The News UNITMarch 4, 2011 at 2:14 PM

    I'm fine, I trade just fine here. I'm working on my precious metal portfolio all the time.
    No time to post much. I'm making GREEN today!

    ReplyDelete
  25. AnonymousMarch 4, 2011 at 2:39 PM

    @aimbotmacro--you are right, a global acct is better. But if you can't do that, then use the pink sheets with your USA brokerage account.
    @Ferdinand--
    Did you know that a few years ago "The SLV Prospectus was even changed after the fact to remove the word "Bullion" from all occurrence of the term "Silver Bullion"
    http://www.roadtoroota.com/public/148.cfm

    Now you know how SLV can move 1M oz in a day...paper is much easier to move than silver bullion. :)

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  26. afrumMarch 4, 2011 at 2:57 PM

    If you know the history of paper fiat money printing over real monetary stores of value; ie commodities; ieeee gold/silver the easiest to store! You know how the benron burnokio is buried!! In a stratospheric heapin pile of worthless paper money!

    ReplyDelete
  27. AnonymousMarch 4, 2011 at 3:19 PM

    I think Encanto is just waiting for the election to be over so that they can see if the same chief is elected with whom they made the deal.
    It seems the election is on Monday. So I hope the RE should be out by Tuesday.
    I dont see any other strong reason why they will hold RE where PDAC starts this week end where they could attract lots of investors!!

    ReplyDelete
  28. The News UNITMarch 4, 2011 at 4:00 PM

    Didn't we just hear this David Morgan say a correction is coming and now he's claiming he forecasted a breakout to go long. What an ass-wipe blockhead! They always act like they are on the right side for every trade. Now he's talking about a "ratio trade" and moving silver into gold. Get bent pal!

    David Morgan Knows Everything

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  29. Blyght's MomMarch 4, 2011 at 4:06 PM

    This just in from Camp Masters. I just heard my little pony say she is going to post as Wynter Benton and take credit for today's action. Also I heard heard her going off about Max Keiser's supposed Andrew Maguire Bombshell. She noted that a "few" weeks have passed (3 to be exact) and no information has been released.

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  30. The News UNITMarch 4, 2011 at 4:10 PM

    The few news people that don't make shit up are:

    Peter Schiff
    Marc Faber
    Harry Boxer

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  31. JackMarch 4, 2011 at 4:21 PM

    Great call yesterday SGS.

    Now if I'd only listened and bought more Silver Eagles....

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  32. Have an ICE Day !March 4, 2011 at 4:24 PM

    Happiness is the UPS guy delivering a Monster Box on a day like today : )

    ReplyDelete
  33. TerryMarch 4, 2011 at 4:32 PM

    YAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

    HOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

    ReplyDelete
  34. AnonymousMarch 4, 2011 at 4:41 PM

    ICE, I know exactly what you mean. The other day I got a 100oz Johnson Matthey in the mail. I went to APMEX and saw their buy back price was $447 more than what I paid after shipping. SGS, you and the Turd are freaken geniuses.

    ReplyDelete
  35. AnonymousMarch 4, 2011 at 4:45 PM

    Hey SGS,

    It all seems to be hanging in the balance, we've got dollar about to tip, oil breaking out, Silver rocketing even higher... What's your gut tell you about SHTF time frame? Talked with my local coin shop guy today and it has been brisk... buying and selling.

    ReplyDelete
  36. AimBotMacroMarch 4, 2011 at 5:16 PM

    Dave Morgan is obsolete. Listening to him is a lot like picking stocks based on the morning star ratings in money magazine.

    All he does is scans the internet like anyone else except with rose-colored glasses (or brown-colored glasses from kissing Jeff Christian’s ass lol).

    ReplyDelete
  37. agThugMarch 4, 2011 at 5:22 PM

    Re: Have an ICE Day ! *****

    Speaking of which, when the SHTF how many of these UPS guys are gonna be out looking for houses to knock off. You know they are prolly keeping track of who's getting very dense packages delivered. I've been telling them its bullets! :) Having two large German Sheps doesn't hurt either...

    ReplyDelete
  38. Have an ICE Day !March 4, 2011 at 5:41 PM

    agThug, that's why I have them delivered to work.

    ReplyDelete
  39. agThugMarch 4, 2011 at 6:11 PM

    Hey!! Maybe I should do that. Except I work at home :)

    ReplyDelete
  40. MagpieMarch 4, 2011 at 6:33 PM

    Hey SGS, from the, "Comex data is useless, Buy the dip before the NFP data" post, your analysis was spot on - I'm in NZ and ended up staying up to watch the NFP... went to bed an hour later and woke up to a happy fiat filled account.

    Thanks mate, you're doing the world a real service!!

    ReplyDelete
  41. UnknownMarch 4, 2011 at 7:12 PM

    http://www.youtube.com/watch?v=FyN9QVB-UhI&feature=feedu

    Schiff owns this guy. It's has some great laughs. This guy gets owned so hard he probably regretted the interview.

    ReplyDelete
  42. svpMarch 4, 2011 at 8:30 PM

    Looking to start buying up some silver however have limited funds...thoughts on rounds over 1 oz bars?

    ReplyDelete
  43. zepsterMarch 4, 2011 at 8:54 PM

    @michael - I think bad weather had something to do with it, but yes, purchasing govt debt it highly inflationary, and should land on our shores in food and energy soon enough.

    ReplyDelete
  44. silvergoldsilverMarch 4, 2011 at 9:04 PM

    E : I would buy 10 oz's bars on up days, and 1 oz minted Eagles or Maples on Blythe shit storm days...this should even out some premiums.

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  45. Return to ResistanceMarch 4, 2011 at 9:19 PM

    @aimbotmacro - I don't think David Morgan kisses Jeffrey Christian's ass it's more of a circle jerk between the three of them telling each other there isn't a silver shortage. David Morgan probably gets a lot of subscriber's from Puplava's listeners so he toes the line.

    David Morgan's creditability is going, going....gone

    ReplyDelete
  46. UnknownMarch 5, 2011 at 1:49 AM

    Where do I find this Turds blog?

    ReplyDelete
  47. RickMarch 5, 2011 at 10:23 AM

    tfmetalsreport.blogspot .com

    ReplyDelete
  48. paulbainMarch 5, 2011 at 11:29 AM

    Greg wrote:

    ==================================
    Where do I find this Turd's blog?
    ==================================

    Here: Turd Ferguson's WatchTower.

    IMPORTANT CAVEAT: Yesterday, "The Turd" (as he often calls himself) repeatedly deleted one of the comments that I posted to his blog notwithstanding that, therein, I praised the Turd mightily. Why did he do so? Well, I can discern only one reason: my comment included a hyperlink to THIS blog, SilverGoldSilver. That is the ONLY reason as to why The Turd might have deleted my comment. I can discern NO OTHER reason.

    Mull this fact very, very carefully. The Turd is one of the most unforgiving censors that I have ever encountered on the Internet. The Turd is easily annoyed and offended. And very fastidious. Not a good sign. Not at all.

    When on the Turd's blog, TREAD CAREFULLY!!

    -- Paul D. Bain
    paulbain@pobox.com

    ReplyDelete
  49. AnonymousMarch 5, 2011 at 2:44 PM

    Paul,

    I'm pretty sure Turd said he DID NOT delete your comments. Have a look back through the comments, he specifically addresses it. Also, I believe Blogger rejects comments with hyperlinks on occasion. I've been reading Turd since the first day and I've seen him delete only the homotron(SGS word:) troll comments.



    DDT

    ReplyDelete

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