Monday, April 25, 2011

My blog, $50 silver, and the death of the $US dollar

Note: Weather Unit, News Unit, Silverbull-are are now down to 2 posts a DAY on all posts I make please, many requests for me to delete you since half the post are your posts with links to your blog. I will not warn again I will just delete.

$50, big deal we are still $70 away from even being adjusted for inflation.

Dollar tried to rally to 75 and failed miserably.

You should see TINKA and FIRE RIVER move up today...the miners should react to this strong move.

Margin Hike at the COmex will be a sure thing today. Buy any weakness around $50, b/c over $50 is blue sky territory.

I will be buying ANY red days in silver with options and bullion. Good luck. And as always, if you feel generous, feel free to thank me lots or donate. We only have a certain amount of time before this all ends badly-I hope everyone is ready.

Posted by at

43 comments:

  1. UnknownApril 25, 2011 at 8:00 AM

    BTFD!

    That was an odd one. Just as Silver went down to 48.45 a few minutes ago, my CFD trading tool stopped getting the realtime data anymore. Called the bank and say said: Nothing we can do, we get the data from Cefdex and they do what they want.

    Came back 3 minute later, Silver down at 48.00 but has recovered meanwhile. And boy, am I loaded now ...

    ReplyDelete
  2. IAmPhoenixApril 25, 2011 at 8:24 AM

    any chance we will touch 46.5 in the next 2 weeks?

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  3. nig4lifeApril 25, 2011 at 8:29 AM

    that would be nice

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  4. detersbbApril 25, 2011 at 8:32 AM

    @SGS

    I am not sure if you had a chance to see the following at King World News:

    London Source - Asian Buyers Will Take Silver Over $100

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/25_London_Source_-_Asian_Buyers_Will_Take_Silver_Over_$100.html

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  5. MyronApril 25, 2011 at 8:40 AM

    47.73 is first line of support, 46.75 is next. I'm sure there is a ton of buying at 47.73, but the volume on these selloffs is crazy.

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  6. infra143April 25, 2011 at 8:46 AM

    This is pure manipulation. New silver shorts and profit booking. Good to get low levels for the day. In india MCX also the screen froze for a min. I had sold at 46.5. waiting to buy again.

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  7. SRSroccoApril 25, 2011 at 8:47 AM

    Detersbb.....King World News and SGS are probably the two only sources that have been correct in their calls on silver. Everyone else has been either bearish, or cautious. David Morgan is your typical run of the mill silver analyst. He was calling for a correction back in FEB 28 (along with Jeff Christian) that the Gold-Silver ratio would go back to 50-60 to 1. Looks like Morgan got that wrong in spades.

    Ned Schmidt the "GOLD THOUGHTS" smuck has been calling silver a bubble since OCT 2010....what a lunatic.

    I think we are going to see $100 silver before the end of the year.

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  8. 2pac4yaApril 25, 2011 at 9:12 AM

    “Silver in the long run really will end up in a bloodbath, but in the short term the market loves it,” Dominic Schnider, director for wealth management research at UBS, said in a Bloomberg Television interview today."

    The only thing is going to end up in a bloodbath is the US dollar!

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  9. SRSroccoApril 25, 2011 at 9:16 AM

    FEW MORE TIDBITS

    Silver Lease rates shoot higher:
    Silver surges to all-time high - Bloomberg, silver finally gets headline on yahoofinance:
    Silver-Gold ratio hits 30-1 briefly:

    ON A DIFFERENT NOTE: to the person who replied to my post about 47% of staph in meat...said all we need to do is cook the meat, you have to remember, I was not concerned with meat served up as McFats, but the health of the Animal.

    People are so blind to the fact that you can't put animals in a confined area, breed them for meat, feed them garbage, and inject anti-boitics and expect this system to continue forever.

    I live in the same county of a big PIG FARM....its huge. Pigs are so sick they die if they escape from their holding area and run a few hundred yards. Anyhow....the end is nigh...

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  10. AnonymousApril 25, 2011 at 9:30 AM

    If you are afraid to buy when the USD goes up because short selling, that is a good opportunity to buy on the dip we have been waiting for and allow silver to continue higher after a very brief much needed pause. Buy silver!!!!

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  11. BuckanearApril 25, 2011 at 9:41 AM

    SGS is bang on (not that I doubted him), but we have a long way to go to top the Hunt Bros peak:

    According to the Dow Jones Market Data Group, gold’s record of $875/oz in 1980 translates into $2,371.11 in today’s dollars. That’s roughly 2.7 times the 1980 price. Using the same math, silver’s inflation-adjusted price would be $131.49/oz. The Minneapolis Fed inflation page calculates it at $130.48/oz.

    http://blogs.wsj.com/marketbeat/2011/04/25/silver-surges-to-record-but-inflation-adjusted-high-still-far-away/?mod=yahoo_hs

    ReplyDelete
  12. Garry LindsayApril 25, 2011 at 9:57 AM

    Silver getting hammered in early US trading!
    Wow, what a wild ride the last 12 hours!
    Massive manipulation in the US, everybody else in the rest of the world must be very annoyed with their investments in the last 12 hours!

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  13. JPDGApril 25, 2011 at 10:01 AM

    Great time to BTFD if you are looking for an in!

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  14. UnknownApril 25, 2011 at 10:03 AM

    Already did. I buying more. They can do what they want - I will stay so fucking long that this will shoot my account to the moon ...

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  15. AnonymousApril 25, 2011 at 10:15 AM

    What the hell - huge sell off.

    ....developing....

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  16. zepsterApril 25, 2011 at 10:17 AM

    you know, we actually might be close to a dollar crisis - China/Russia have their currency deal. BRIC countries have their currency deal... hmmm...

    wait..

    ..developing..

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  17. detersbbApril 25, 2011 at 10:20 AM

    @Garry Lindsay

    Massive manipulation in the US, everybody else in the rest of the world must be very annoyed with their investments in the last 12 hours!

    Do you really think the chinese are upset at the dip? Do you think they will call for an international investigation into the manipulation of the silver market? Or do you think it is more reasonable that they are jumping happy in the $3.20 drop-which means for every 16th ounces of silver they buy at the lowered price-they get the 17th free?

    Do you think it would be out of the question Garry to presume the chinese are the ones shorting the market through JPM et al to drive down the price & up the liability of us banks to both wreck the US economy & buy up all the silver and gold they cam & at the lowest price?

    ReplyDelete
  18. unthought knownApril 25, 2011 at 10:24 AM

    Great job Blythe.. great job..

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  19. JPDGApril 25, 2011 at 10:28 AM

    Can't believe how hard they're hammering silver. Out. Of. Control.

    May put another order in Apmex while I can!

    ReplyDelete
  20. unthought knownApril 25, 2011 at 10:34 AM

    seriously..what a fucking joke..

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  21. IslandStyleApril 25, 2011 at 10:39 AM

    The more they hammer, the more I buy!

    BTFD bitches.

    IS

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  22. BuckanearApril 25, 2011 at 10:47 AM

    SLV already traded 67,913,252, blowing thru all stops. This could drop to $40 after all the pigs are slaughtered! Great buying opportunity if your nose isn't bleed so hard that your eyes are blind! This has got to be the last gasp of a cancer ridden rotting carcass - almost too funny to watch. My silver is all there, nothing gone and none disappearing...LOL Still as shiny as it was yesterday and still smiling back at me!

    And of course the dollar is rising - LOL!

    And we wonder why nobody has faith in the system.

    ReplyDelete
  23. The News UNITApril 25, 2011 at 11:03 AM

    You don't have to warn me. JUST DELETE. I'm not some kind of kid that needs a daddy. Thanks.

    The News UNIT Blogspot

    Have a nice ride.

    ReplyDelete
  24. JackApril 25, 2011 at 11:10 AM

    APMEX is sold out of 2011 Silver Eagles. They had 9,100 just last night.

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  25. 999SilverDogApril 25, 2011 at 11:16 AM

    SLW looking a buy or what?

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  26. UnknownApril 25, 2011 at 11:22 AM

    Wohooo - what a rollercoaster today. It's a great intraday trade!

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  27. IslandStyleApril 25, 2011 at 11:28 AM

    SGS and gang, what are your thoughts on SLW. 3 weeks ago, it was $4.00 above the price of silver. It is now $8.00 BELOW?!?!?!? Have the criminals come in and started to short the shit outta this stock too? If so, I'm pissed, as I hold almost 3000 shares. It is as close to a pure silver play as possible, since it does not hedge and sells at spot. What the hell is happening?!? Their cash cost is 4 bucks an ounce. They're making shitloads of fiat.

    ReplyDelete
  28. AC_DoctorApril 25, 2011 at 11:32 AM

    News Unit- I like your blog but don't get to butthurt if someone tells you to chill :) FUBM is at working and AG is making a comeback!

    ReplyDelete
  29. nig4lifeApril 25, 2011 at 11:35 AM

    you are shameless weather unit

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  30. erewenguyApril 25, 2011 at 11:38 AM

    hey - I sorta like NU - he's got a Drudge wannabe air about him. I hope he's successful. And I hope you BTFD.

    ReplyDelete
  31. SRSroccoApril 25, 2011 at 11:43 AM

    IslandStyle.....according to the April Short interest in SLW:

    Silver Wheaton Corporation $ 41.01
    SLW -1.35

    Short Interest (Shares Short) 4,501,000
    Days To Cover (Short Interest Ratio) 0.3
    Short Percent of Float view
    Short Interest - Prior 6,654,800
    Short % Increase / Decrease -32.36
    ---------------------------------

    What is taking place in gold-silver stocks is hilarious to anyone with a brainstem. A small stock I look at is US SILVER. It hit a high of $.83 back in Dec 2010 when silver just barely hit $30. Today it is trading at $.76, and silver is up $16 dollars.

    Its fricken hilarious really. I say it is based on ALGO trading and manipulation. SLW will be one of the better LARGE CAP SILVER stocks. I would not be surprised to see SLW as one of the DOW INDUSTRIALS in a few years if the markets don't disintegrate.

    I think we are going to see the REVERSE "V" ENEMA chart pattern again today.

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  32. IslandStyleApril 25, 2011 at 11:53 AM

    SRSrocco, thanks. Where do you SLW by summer?

    ReplyDelete
  33. TW200April 25, 2011 at 12:14 PM

    Another sharp dip, and then heading back up...

    Just put in another order for physical.

    ReplyDelete
  34. DennisApril 25, 2011 at 12:39 PM

    Lot's of robbing Peter to pay Paul today.

    ReplyDelete
  35. AnonymousApril 25, 2011 at 12:51 PM

    This Tinka hasnt been doin shit in quite some time. whats the deal? seems like it just keeps dropping

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  36. DavidApril 25, 2011 at 12:59 PM

    I'm scared.

    I'm prepared. I have >4,000# long-term food storage and > 10,000 ounces silver in my safe(s). I have solar PVs and thermal hot water. I have a gold and guns and a 'fridge full of antibiotics.

    But the grains of sand are running out of the hourglass faster and faster. All I can think about is what I have to do next before the world collapses (following the fiat collapse). I've preached to my family (snickers) and friends (one took it seriously and is prepping a farm).

    Silver nearing 50 ... with my holdings I should be cheering ... but I can't seem to. It's like I'm living in a dream-world. Someday After I will tell my grandchildren what it was like Before. Maybe. I hope.

    Just bought a 1000 oz silver bar though GoldBullion.com. I can't handle any more physical. Wise? Stupid? Thoughts?

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  37. The DocApril 25, 2011 at 1:07 PM

    Dips over. Hope you bought!

    ReplyDelete
  38. JonApril 25, 2011 at 1:17 PM

    @SLW - Deep pockets knows something which we unwashed will know too around 9 May. Barnes leaving so suddenly is the impetus. Hot money just day trading it once daily trend reveals itself amplifies downdraft. As I wrote earlier, instinct tells me this is a shakeout before earnings but it is interesting that upgrades are becoming an almost daily occurrence and still the stock is hammered in the face of rising Ag. As I write this -$1.00 SLW +$1.00 SLV. If I wasn't up so much on SLW, I'd be out or hedging w/options but I can afford to wait until next month but that's me.

    @TKRFF - SGS gave you a price, $0.75US. It hit, so if you were short-term, you should have taken profits then. Also, as SGS says, you have to have the mindset that any of these Venture juniors have a 50/50 chance of going to zero - nature of the beast.

    @SGS - any update on your DHS insider?

    ReplyDelete
  39. silvergoldsilverApril 25, 2011 at 1:17 PM

    "This Tinka hasnt been doin shit in quite some time. whats the deal? seems like it just keeps dropping "

    Not sure how many times I have to explain myself. Apparently you do not know how mining works. Go ahead and sell I'm bidding again in .52's.

    ReplyDelete
  40. AnonymousApril 25, 2011 at 1:29 PM

    Tinka comment wasnt meant as a criticism. You're right though. i dont know much about mining but did buy in awhile ago. just frustrated seeing this drop so much in the face of this crazy run up in silver. i know it doesnt factor in 1:1 but still its annoying

    ReplyDelete
  41. AnonymousApril 25, 2011 at 1:31 PM

    who needs antibiotics when you can just take a piece of your silver and make colloidal silver?

    ReplyDelete
  42. silvergoldsilverApril 25, 2011 at 1:35 PM

    Lots of juniors getting crushed...its takes time to get drills in, and inbetween this time price comes back to the MA a bit, then takes off again with good news realeses.

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  43. TW200April 25, 2011 at 2:05 PM

    @David: Scared? Me too. I don't think things will collapse to the Mad Max scenario, but I do think things are going to get a lot tougher (especially in the USA) before they get better.

    Sounds like you are well-prepped. One thing I think folks don't mention as one way to prepare for the likely tough times ahead: build up those relationships with the family and friends you know you will be able to count on. If things get bad, you will need them and they will need you.

    ReplyDelete

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