"The Decade of EPIC Begins"
is he saying the dollars going up, sell off your positions, and buy back after the dip? or just hold your bought positions and wait?
i think he is saying short the dollar. but wtf do i know
dollar manipulation. they bid it up yesterday to trigger buy stops making the dollar look strong. today its rolling over like a drunk sleeping in his vomit. weak dollar=strong PM. general stock market looking tired so put buying initiated. thats my take.
In his own words, if we listen closely to Geithner, he's talking austerity, is he not?That was the impression I got from the dorkface on CNBC. Does this mean USD blip up, risk off bla bla bla?
For your morning laugh. I created this video last night. "In the Bunker at JPMorgan"About 4 minutes long.http://www.youtube.com/watch?v=1UtuX-T8bgw
Nice Silver Swan :)I thought it was a slightly shaved and malnutritioned Ben Bernankeee at first,only to realize that we in fact were in the JPM-bunker *Facepalm*
S&P told the White House about the downgrade last Friday. Buttnanke hears from the grapevines and has his JPM, Goldfuck buddies prop up the dollar for a couple of days to make the illusion all is well. All the big guys profit at the expense of the little guys like us. Time to fuck up the big guys by buying and holding physical shiny!
"starting to love life over here"Someone must've got lucky last night...C'mon SGS, get your head back in the game!!! The old SGS wouldn't have missed this fantastic opportunity to decorate this USD chart with a nice big limp wiener.Play on, playa.(captcha: consperm) (seems appropriate)
Damn I wish I view that chart and know what the hell I am seeing? Is there a reading the chart 101 page?
@SpyderTL...I think he got a blow job last night.
Horesguy...That black line used to be support in which the US Dollar would bounce off. Once it drops below it, it becomes resistance. Unfortunately, it popped above that line...but today its getting crushed like a worm.It looks like that line will hold and we will see a 74 level soon. I believe once it falls below 72....grab your socks and buy all the bullion you can.
QUICK UPDATE ON THE BOLIVIAN MINE NATIONALIZATIONCoeur d'Alene Mines announced Thursday that it has received assurances from the Morales Administration that its San Bartolomé silver mine is not targeted for any proposed mining nationalization in Bolivia....Bolivian President Evo Morales plans to expropriate zinc, silver and tin mines sold off by previous Bolivian governments. Nicholas Fernandez, a spokesman for state mining company Comibol, said Morales will announce a decree May 1st, which is International Workers Day, to "dismantle the privatization model."Mining Ministry spokesman Alfredo Zacometa said the Bolivian government is now in talks with miners at Pan American Silver Corp., and Glencore International whether to nationalize their Bolivian operations. Morales previously expropriated the Vinto tin smelter from Glencore in 2007.http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=125127&sn=Detail&pid=102055
@Horsyguy...Here's a crash course on chart support. Look at the chart SGS embedded in the post. Find an area of the chart where the price line bunches up. Better yet look at the numbers on the right side of the chart where the price line lands or touches a lot. Basically if you draw a line from 75.50 all the way across the chart (this is your line of support), you can see the price line touches the support line a few times (Nov. 2010, Mar. 2011 and Apr. 2011). So there's one support line. Do the same thing with 77.0 and draw a line all the way across the chart. You can see the Dollar's price line touched it a couple of times bounced off support to the upside and then broke through support line to the down side. It tested 77 toward the end of February and failed. It tested it again in the middle of March and failed again. That's not a good sign. It's doing the same thing now. Remember, not everything is perfect. The March retest of 77 over shot by a little to the upside but ultimately failed! The same thing will happen at 75.50, 74.0, and finally 72 until it falls of a cliff unfortunately.I hope that helps. I'm sure someone else can explain it better than I can.
This comment has been removed by the author.
Gunning for 44!
Looks like we're taking the 1500/44 hill!
Ding a ling a ling! Pop go the corks!'May old acquaintence be forgot..'Drunken arm around SGS, burbing Old Milwake "I love you man...you obnoxious sunbitz'
Excellent Hitler video Silver Swan
JPM $44.35, Silver $43.91... getting closer!!!
James, can you explain what the implications of having JPM price be the same as silver price? (what it is about the prices being the same that makes it important?)Thanks!
Yeah...what reefman said. I hear Max Keiser talk about this but I'm not so sure there's going to be a positive correlation here.
Oh my, if we break through 44... fill my pants with shit and call me Charlie!That would make the Swedish $46/ounce buyers look pretty smart in comparison to me who thought Blythe was going to push it back to 39-40.. T_TAwell, as always, I can Martingale' my way to victory ;)
They had to buy up the dollar yesterday because they most likely knew about the S&P rating on the US debt. It was their way of not having the dollar take a nosedive. Silver up like a freaking champ. Part of me wants in on this market as most of my holdings are in physical. I have a little Tinka as well. Just wish I had the buying power of some of you pros out there.Cheers to the little guy!
Well done Silver_Swan, well fukin done!We need some Rage up in this bitch right now: http://www.youtube.com/watch?v=dDzw9HLQCK4Rock on my sliver skinned brethren.
Silver-Swan....nice shorter edit of the original posted on ZERO HEDGE about 5 months ago titled:Crash JP Morgan Buy Silver - Max Keiser vs. Jamie Dimonhttp://www.youtube.com/watch?v=I0mhX9hpq3gThis is the longer original at 4.45 minutes. Both are good ways to laugh at the insanity.
NOooooo! (For me)Congrats to you all! :DGG SGS!
Yesterday Max Keiser posted:Silver about to bust through JP Morgan stock price. HEDGE FUND ALERT: START SHORT SELLING JPM’S STOCK NAKED. THE SLA WILL CONTINUE TO TAKE PHYSICAL DELIVERY OF SILVER. WE’LL BOTH GET RICH!!!!I'm not sure exactly what the implications are except him and others have said JPM goes belly up between $48-$60In any case I love the gains!!!
Rage! Now that brings back some memories. Nice work, Doc. Call the Manhttp://www.youtube.com/watch?v=oEFT64ZDtWMDDT
Wheeeeeee. Silver just broke $44
http://indiawheretoinvest.blogspot.com/2011/04/44-and-coming.htmlWhat a sequence - typing $44 i realized all are the same key tab. And i get a feeling Silver has doomed dollar. left dollar sign behind. We are in difficult but interesting times
The US dollar is really starting to resemble the mother-in-law!www.silverdoctors.com
silver gold ratio now below 34 to 1
I don't think this has been answered.The reason Max Keiser is talking about silver passing JPM stock price as significate has to do with JPM backing their shorts with JPM stock.He contends that if silver surpasses their stock price they will be upside down on their silver play.
Is it time to short NFLX, BIDU, CMG, GOOG, AAPL, BRK/A, CAT, and PCLN yet?That 20% Marc Faber correction is just very close....developing...The News UNIT Blogspot
Caveat, I have silver and gold etc ... I also had the Patriots 8/1 to win the Super Bowl 42 in their 18-0 start, then sh*t started happening: Brady's bum ankle, the sideline pick dropped, Eli's Houdini to Tyree pinning the hogsbladder on his helmet. anyhow, Jesse had a great write-up today. Some people on here might really benefit from reading it, just saying... I hope silver goes to $100 etc, but carry a few baskets for those nuclear ostrich eggs.http://jessescrossroadscafe.blogspot.com/2011/04/gold-daily-and-silver-weekly-charts_19.htmlhttp://www.youtube.com/watch?v=NSUJQmIeVBo&feature=related
Thanks for help on reading the chart, makes sense and explains a few things.Check out this video on our credit issues, wow, the dollar is doomed...http://www.youtube.com/embed/VtVbUmcQSuk
This is right, too. TPTB just gave everyone that read my article sunday night and took my recommendation to heart is in nice profit right now. The US$ is ready to start down now, and will fall off the proverbial cliff after 72.00 get violated.See my blog for the best way to play it(US$ crash):http://silverbullsilver.blogspot.com/THANK YOU SGS: for inspiring me back a coupla months ago to start my own blog.Just reading everything you said here, and continue to say with your unique personal style is what inspired me!! Thanks for being you.Honest, direct, and pull no punched!SilverBull.