CRIMEX NEWS:
Gold:
-April OI falls from 1623 to 1425 for a loss of 198 contracts, with ZERO deliveries=Blythe handing out cash money BLING BLING
-Deposit of 6000 oz's into the dealer. Kid Dynamite, you and I both know, that when oz's of Gold get deposited, you would have a better time winning the lottery than hitting a round ass figure like 6000-or maybe you dont know this. The CRIMEX, folks, is now making shit up. THERE IS NO METAL LEFT.
-69,199 oz gets deposited into the JP Morgan vault. Idiots.
Silver:
-OI 145,065, whats up?
Deposits to delaer= ZERO
blah blah blah, seriously this is getting dumb Im done right there no more wasting time.
We are on the eve of the great $US test. My loyal readers, this has huge significance in PM's, and the price of shit we buy. Make no mistake, those chanting for hyperinflation, you will get a kick in the balls as a tester soon, then when you feel that tightening in your stomach from the kick in the balls, and finally think the tingly pain is going subside, the end game will have arrived at last.
There's not much else to say really. Like how many times can I say, there is no metal left, like 100 fuckin times since November. Now its gold too that cracks are showing. So another year maybe, 2 tops, and this entire mutherfucking thing will quickly and abruptly end in a big pile of fire and piss. You best know what to do when it does, as you will be able to hear me running away with shiny ka-gingles in my pockets as the new SS try to hunt my ass down.
Keep stacking physical. You think $45 maples are expensive now? That dingbat fuckwad who bet $1 million on the $25 SLV put will be shaking his fat fucking head soon wishing he would have rather stood for a delivery at the FuckMex for 20,000 oz's. Instead he will be left with his dick in his hand.
More to come later. Dont be surprised if the $US rallies here, as everyone and there mother is thinking its going to die right this second. Fat fucking chance Jamie will let that happen so quickly. I expect $41.30 POS. Now way they will let this run overnight with expiry tomorrow.
SGS is Blythe not loiding out hard by handing out cash so people don't take delivery? Is it not logical that this cash will chase the physical anyway, creating a positive feedback loop?
ReplyDeleteFirst! By the way SGS, will the hyperinflation happen as bad in Canada as well, or just the US?
ReplyDeleteAlmost first! LOL.
ReplyDeletenah.... at least one more dollar rally. I just don't see people giving up on the dollar for international trade yet - what are they going to use instead?
ReplyDeletebanman,
ReplyDeleteJohn Williams of Shadowstats said he does not expect a hyperinflation event in Canada. Hopefully he is right.
I read a great article calling the CAD to raise to $1.50 against the USD by late summer. Good news? Not really, whats left of our manufacturing will get bent over the trucks tailgate and sodomized...
ReplyDeleteJust remember when the Euro was 118 folks, everyone said it was going to zero! What happened next? a moon shot to 1.44. Don't be fucking morons. Forex is like a water balloon, squeeze one end and it all goes to the other then wash rinse repeat...up until it pops and you have a fucking stain on your pants like Megan Fox just jerked your monkey. Metal can and will rally even if the USD rallies. The Sovereigns all know the end game.
ReplyDeleteIf the US hyper inflates, everybody hyper inflates.
ReplyDeleteI'm not down there storm chasing tonight but it looks like the angles are playing HAARP again:
ReplyDeleteTornado Outbreak Tonight In Eastern Oklahoma
What happens if SLV let slip they don't have much AG to back the shares?
ReplyDeleteEverybody knows SLV is a scam. If it wasnt a scam it would trade at the same premium as PSLV.
ReplyDeleteThere have been quite a few public debates recently regarding deflation/inflation. I found that this best describes the probable outcome.
ReplyDeletehttp://fofoa.blogspot.com/2011/04/big-gap-in-understanding-weakens.html
Although I am a freind of Rick Ackerman I don't agree with his deflation argument. IMHO FOFOA nails it. Enjoy.
Part of me wants to get in on SLV options, but if they don't have any physical...? Err. Best to go with junior minors?
ReplyDeleteBest to just buy actual physical metal. Minors are a risk, always. Metal...least risk.
ReplyDeleteCan't understand how the now-exposed and glaringly obvious if you look honestly-paper frauds in Gold and Silver would somehow be able to creep along for another Year or Two. Seems worst case to me. But SGS is probably right. Public still needs to drain down the available metal in Silver to completely blow this fucker up.
ReplyDeleteI already have my stash of physical. As the price moves higher and higher my crap fiat can't buy as much of it, hence wanting to get in on some decent movers in the mining sector.
ReplyDeleteI bought more today after hours--half rounds and half junk.
ReplyDeleteI'm going for the cheapest stuff
I deal with CMI, and they can get the stuff. They are privacy FIENDS and my buddy DT told me to shoot off an email to Bill Haynes on the subject of how when knows when to exit.
I didn't know he was involved with the KWN Metals wrap until a few months ago when I started to listen ever week. I found CMI on my own a couple of years ago when researching all this.
SGS...just wanted to say THANKS for this blog!!!
I have been stacking useless paper over the last 6-8 weeks on SLV, SLW, and other miner options... I haven't added any physical at all. Not because I don't think silver isn't going to hit $100 within a year, but because I think there will be one last massive stand, probably at $50, that will probably even include a head-fake end to QE and deliberate crashing of the entire market, to drive capital into the USD and destroy the metals. This will result in the last best chance to sell every liquid asset you have, book every profit on every option, and stack as much physical as you can find for after the last stand, the cartel will have officially lost control and everything from there will be parabolic chaos.
ReplyDeleteIf CRIMEX is out of Gold, no way it last another year, and no way in hell another 2. It will blow up a lot sooner, IF they are truly out of metal.
ReplyDeleteIf Finnegan's scenario plays out here's the caviat:
ReplyDeleteYou better only sell 1/2 your metal when you think we have reached the top and keep the other half. If you haven't invested enough then you can't do this. You better hang onto the free stuff because they won't let you buy it easy the second time around.
This whole game is a major debacle. It hasn't even started yet but it's getting close to some earth shaking announcements.....developing....
Jesse Jackson gay Harassment
Has anyone ever heard of the "White Militia" here in the USA?
What happens if SLV let slip they don't have much AG to back the shares?
ReplyDelete-they wont, it will be molybednum cored bricks to cover up the stank for a while for visual purposes only.
sgs, trend power needs to be re-rated
ReplyDeleteSGS and others,
ReplyDeleteDon't you think that perhaps the SLV $25 put call was a bet on the default of the SLV ponzi scheme (i.e. has no silver) in conjunction with a commercial default failure? Hadn't seen this theory discussed yet. Just a thought...
JFC
Kev: I dont control meter its the widget
ReplyDeleteJesus: Yes I thought about this, but if SLV defaults the writer of the call would be outa dodge before that
I can't liquidate my 401K, so what can I put it in that's safe? Thanks
ReplyDeleteCan someone call the bottom?
ReplyDeleteSlippery Silver
Here comes those $3 to $5 swings....developing....
Trangen,
ReplyDeletebite the bullet and liquidate
The News Unit..
ReplyDeletefunny I saw that chart and thought, oh shit, then i realized your bottom was low $40s and laughed.
Impossible to say if the end game will happen overnight or gradually. The Cartel is losing control and they are desperate. The speed of Silver's price rise seems to keep increasing. So why is the price of Gold been mostly trading in a range for the past 6 months?
ReplyDeleteAnswer: I think the Silver "story" has become so compelling, it's pulling money out of Gold Comex futures and into Silver. This has effectively stalled the rise of price of Gold. It's the only rational explanation I can see for the market behavior. Remember the Gold Market is much larger than Silver and therefore more difficult for the Cartel to control.
The real story and determiner though, is how long metal supply lasts in the physical market. We know the government stockpiles have been gone for years in Silver. SGS has found out that large commercial supplies in LBMA, SLV, and COMEX have been emptied. So, if some huge industrial user wanted 20 million ounces NOW, they would be SOL and have to wait for metal. The only way to reduce the wait time would be to bid up the price and shake lose some metal.
I believe that's what we are seeing. The early stages of a panic. This still may take a year or two to shake out or it blow skyward in a month or less. Control of events are beyond any of us.
We do live in very interesting times.
SGS;
ReplyDeleteWith all the discussion on Boliva nationalization, what are your thoughts on Peru and it's relationship to Tinka vis-a-vis nationalization discussions in the elections there?
OOOOOO, CRIMEX is way up this morning!!
ReplyDeleteSGS,
ReplyDelete"I will explain the options charts tonight in my commentary. "
Is that still on?
MikeS - you say FOFOA nails it, but FOFOA also recommends against buying silver. In fact, you can see in the comments there today, on his latest post, some of the regulars saying they think a top in silver (a "pump and dump") is coming. Now, I would say this must be wrong. But they know more about many things than I do. I'm really very confused about this.
ReplyDeleteI agree with his thesis on how hyperinflation is triggered. Investing is nothing more than a confidence game whether it be in currency , stocks or any other vehicle. As for a pump and dump I strongly depart in my thinking. Based on what I know as fact, I cannot draw the pump and dump conclusion. If this were a pump and dump, the morgue would have been successful at perpetuating the daily dump and cover. We havent seen that for quite sometime. The tide has clearly turned and demand for the physical at the comex window is overwhelming their ability to play the game. This will resolve shortly IMHO. I cannot envision force majeur at the comex but they will certainly devise a scheme that attempts to rescue the shorts before this is over. Whether that scheme works is anyone's quess. Untill then, I'm long and strong.
ReplyDeleteSGS....any takers yet on your charting GOLD-SILVER and Comex warehouse figures?
ReplyDeleteMalcom: expect a full summary this weekend, I'm swamped right now.
ReplyDeleterocco-yes many are on it, should be coming in this weekend
ReplyDelete