Fucken right - BTFD!!! Picking up some SLW calls now. Finding support at the 50MA, and just filled a gap left behind from March 18. This baby has been abused in the recent silver rally - watch it go now...
Blyght just laughed. Then she got out her new silver dust chalk and chalked up point for herself on her new Blyght VS SGS Scoreboard. She had this special Chalkboard custom made and had crafted by Amish Teenage boys who were experimenting with homosexuality during Rumspringa. Then Blyght went to the bathroom to make herself throw up in honor of the picture you just posted. SGS; Don't give up and let my Little Deck Staker Win.
haha! Your comment and picture makes me forget my loss in the trade today.
But SGS, what do your silver eyes see? Will blood be spilled and another red dawn rise tommorow? Or will we blast to 44? The dollar is really hard to predict now:-/
I am looking forward to this nights asia market opening. Let's see what China has to say about S&P putting USA from "stable" to "negative". I hope they rip the USD fucking apart.
A few months ago, Faber said he was now buying US Treasuries and forecasting a correction in gold. He said the US Treasuries were oversold and a short term correction is due.
Who the hell knows if there will be CONFISCATION of gold. If so, I doubt they will try to get silver...so silver in that regards is safer.
We have to remember history. In the 1930's 25% of the population held gold. During the 1980 bull market in gold and silver only 6% held gold in the public. Today its less than 1 lousy percent. What in the hell would the benefit in confiscating such a small amount??
There is more to take in 401k's, pension plans and etc.
Lastly, even when the GOVT confiscated gold in the 1930's, only 20% turned in their gold. This time I doubt 5% of the 1% will do so.
My forecast to keep in line with the DARKNESS TIN FOIL HAT CONSPIRACY THEME of this forum is for the US GOVT to collapse within 1-2 years. After that, you won't have to worry about the Goberment taking your gold or silver...instead you will have to worry about roving bands of gangs doing that.
At the current price of $43.17/oz this reflects a 50 cent increase on the spot since Friday, but also a 38 cent loss due to the strengthening of the dollar. You can bet Blythe is working the system to make more covers on JPM shorts. Just look at the swings!!! Like SGS says BTFD
"At the current price of $43.17/oz this reflects a 50 cent increase on the spot since Friday, but also a 38 cent loss due to the strengthening of the dollar. "
Strengthening of the dollar against what? Not against the gasoline that keeps going up, not against food, either.
Is your grocer asking for Bhats, Pounds, Reminbi, etc? Screw the "otherworldly" perspective of a forex trader. They're ALL going down together.
Fucken right - BTFD!!! Picking up some SLW calls now. Finding support at the 50MA, and just filled a gap left behind from March 18. This baby has been abused in the recent silver rally - watch it go now...
ReplyDeleteBlyght just laughed. Then she got out her new silver dust chalk and chalked up point for herself on her new Blyght VS SGS Scoreboard. She had this special Chalkboard custom made and had crafted by Amish Teenage boys who were experimenting with homosexuality during Rumspringa. Then Blyght went to the bathroom to make herself throw up in honor of the picture you just posted. SGS; Don't give up and let my Little Deck Staker Win.
ReplyDeletehaha! Your comment and picture makes me forget my loss in the trade today.
ReplyDeleteBut SGS, what do your silver eyes see? Will blood be spilled and another red dawn rise tommorow? Or will we blast to 44?
The dollar is really hard to predict now:-/
We have the power, noise like today means nothing.
ReplyDeleteIt's all coming apart like a fucking soup sandwich.
"The years teach much the days never knew."
be patient and keep your heads. soon it will be, "there she blows", again.
ReplyDelete@SGS: Blythe wins for the day? Ahh, I hope (and think) not. The day ain't over yet ...
ReplyDeleteMarket down, metals up... not bad, not bad. Stagflation anybody?
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteThe POS (default asswipe world currency)will start tanking soon and the shiny will go up.
ReplyDeleteKeep your powder dry...
Why so much drama? The price is just under $43. I am afraid to see what happens if it actually goes down 4-5 fiat dollars? Did miners get cold cocked?
ReplyDeleteRemember what you used to say SGS, price in dollar terms is meaningless.
I am looking forward to this nights asia market opening. Let's see what China has to say about S&P putting USA from "stable" to "negative". I hope they rip the USD fucking apart.
ReplyDeleteBe very careful and make friends with Canada if you're close enough to the border like I am.
ReplyDeleteWe knew this was coming. There's more than one way to shear the sheep:
Marc Faber Expects U.S. Gold Confiscation
Lots of cold bodies around for those who wish themselves upon my shiny!
ReplyDeleteMarc Faber has made some lousy calls
ReplyDeleteA few months ago, Faber said he was now buying US Treasuries and forecasting a correction in gold. He said the US Treasuries were oversold and a short term correction is due.
Who the hell knows if there will be CONFISCATION of gold. If so, I doubt they will try to get silver...so silver in that regards is safer.
We have to remember history. In the 1930's 25% of the population held gold. During the 1980 bull market in gold and silver only 6% held gold in the public. Today its less than 1 lousy percent. What in the hell would the benefit in confiscating such a small amount??
There is more to take in 401k's, pension plans and etc.
Lastly, even when the GOVT confiscated gold in the 1930's, only 20% turned in their gold. This time I doubt 5% of the 1% will do so.
My forecast to keep in line with the DARKNESS TIN FOIL HAT CONSPIRACY THEME of this forum is for the US GOVT to collapse within 1-2 years. After that, you won't have to worry about the Goberment taking your gold or silver...instead you will have to worry about roving bands of gangs doing that.
Pick ya poison...and do the best you can.
SGS and group -
ReplyDeleteAny thoughts on Tinka? Down 11% today. I'm hanging in amid the vomit comet volatility... just curious if there was any insight on that play?
Yay, Tinka is on sale!
ReplyDeleteAt the current price of $43.17/oz this reflects a 50 cent increase on the spot since Friday, but also a 38 cent loss due to the strengthening of the dollar. You can bet Blythe is working the system to make more covers on JPM shorts. Just look at the swings!!! Like SGS says BTFD
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteScrew Blythe. Look how ineffective her "massive" shorting has become? Silver was hit early on and we've recovered most of the losses for today.
ReplyDeletePeople will go somewhere when markets tank and that safe-haven has always been PMs.
Onward and upward!
See, SGS, nothing's lost for the day, the lights are green again. Would be nice to stay over 43 until the East opens.
ReplyDeleteyah tinka at .55 cents. yum! i would but im keeping the last of my powder keg dry.
ReplyDeleteJPM stock is trading around $43.75 ish.
ReplyDeleteSoon and very soon the price of silver will overtake it!
Thanks for the .53 10,000 tinka fill, much appreciated.
ReplyDeleteWow - somebody grabbed ~110k shares on that fire sale...
ReplyDeleteJames,
ReplyDelete"At the current price of $43.17/oz this reflects a 50 cent increase on the spot since Friday, but also a 38 cent loss due to the strengthening of the dollar. "
Strengthening of the dollar against what? Not against the gasoline that keeps going up, not against food, either.
Is your grocer asking for Bhats, Pounds, Reminbi, etc? Screw the "otherworldly" perspective of a forex trader. They're ALL going down together.
SE