Stick a dick in her, shes done. Expect a slight pull upwards in the after hours. The Bernanks words only last so long in this ADHD fucktard situation in which we find ourselves. This correction has an evil volatile twin that is going to get a major O-rection within the next few days. Just think of it a a buying op by 34.50 and a nice way to remove the supply overhang.
Regarding Blythe... look at those teeth and thin lips! Not a sexual being that one. I can see why she likes to fuck people financially. She's not designed for it physically.
I am looking forward to anything in the $32's, which I believe will come in the early part of next week--after the latest and greatest margin hike. I have already allocated the funds and am planning on buying at least a hundred oz, hopefully more. Either way, as soon as the fundamentals change I will then consider changing my stratedgy. If you read Eric Sprotts "Follow the Money" report you already know the silver/gold ratio should be 7/1.
If you played the paper game, you most likely lost some more paper, but Harvey Organ, Ted Butler, Bob Chapman and many other credible analysts have warned forever to stay away from the paper game.
If people listened to these people they would not have a sinking feeling, and may be excited about loading up again at a subsidized lower price thanks to the illegal naked shorting.
I agree w/ the $31 - $33 range. Already bought some more phyz yesterday at $42.50 and I'm not at all upset about it... actually relieved. This correction is a gift.
It pretty fucking simple. A raid was planned in AG because the big boys knew about the margin hikes. Weak hands were shaken out. POSX (USDX)up only because the EURO got trashed. USD still a POS. All fiats still a POS. No financial recovery and suppossed deflation now. Buttfucked Ben has NO choice but to keep QE program to keep economy from tanking. He can't raise interest rates. The Fed is 80% of the buyer market of Treasury bonds. Without the Fed, bond auctions fail or rates go throught the ceiling which Buttfuck Ben can't deal with. AG/AU are you hedges against a crippled dollar and all fiat currencies. AG is in backwardationa and leased rated are up. What the fuck more could you ask for?
Jesse also has some great commentary on his ideas of the AG situation.
This is America, and here we give a winner their due; I bow before the fucking master...or in this case the queen. I think I remember this line from LoTR? - "...All shall love me and despair!"
That being said, this battle may be done, but the war is very far from over. We'll see who's smiling come June.
Really guys? This drop is making you puke? Selling is almost as bad as not buying more at this point.
Has the economy really changed? Jobless numbers are as high as they are. Has something suddenly turned around besides the punk ass margin hiking on silver?
What has changed besides a bunch of shorty manipulation before.
Dont be a sheep. If you bought on margin you deserve the anal raping. If not, hang on and relax. You cant fight the fundamentals, and they are not good.
You are patting yourselves on the back at $50 wishing you had bought more at $35. Well, here is your wish. Buy away.
Perfect gay partner and running mate for Arch Angel Hillary Rodham Clinton. Only thing missing is a Cuban stogy tucked neatly into the cheek. "I smoked but I didn't inhale". "I did not have sex with that woman".
my vomit-o-meter is high. puts are the only reason the portfolio isnt red today. it just keeps accelerating downwards. i dont freaking know who the hell can handle this in 4 days time. i know im not going to risk losing it all on this shit.
For crying out loud folks GROW A PAIR!!!! did yall really think we could take on the EE without getting hit a few times? all they have done with this crap is to give the beach ball more power when it turns and goes the other direction next week, WE ARE RIGHT! THEY ARE WRONG!
In my wildest dreams I never would have guessed that they could collapse an entire commodity in a matter of days. I am down $50,000 so far this week, or about 10% of my portfolio. They win! I'm gonna get wiped out.
I find it funny how a bunch of unemployed gamers/day traders believe they can take on the establishment by buying a few ounces and bashing Blythe on the internet. We have officially lost. Time to start rebuilding.
All the people on this site are clueless. The dollar SHOULD die, but it won't. The system is self-aware, like Skynet. It will destroy humanity before it fails.
Well I just clicked the 'I love Blythe today button. Let her keep pounding on the paper price. I'm just sitting back with a big stack of fiat waiting for the bottom and then it will be my turn to pounce (and a lot of others I suspect). Then 'm going to load up on all the phyzz I can get my hands on! She's only getting away with it at this point because there are no bidders for her worthless short paper. With each down click in the spot she over extends a little bit further. IMO she is over playing her hand. When the BoS come back in the OI will overwhelm her and the game will be up for once and for all. At that point the actual value of phyzz will be so high it won't be available at any price. Barter will be king and fiat will be toilet paper. I wouln'd be buying any Scott Paper or Kimberly Clark if I were you!
Yep. Everyone knows that the markets are rigged and total bullshit. That's not the problem. The problem is that no one is gonna do a damn thing about it. Silver won't get back above $40 for over a year. That's my call. They will continue to raise margins until only the hedgies can buy it. Then the JP Morgue and friends will control the global silver supply. This cannot be argued.
Guys the point is this: the fundamentals of the metals have not CHANGED. The paper market is MANIPULATED. I feel really bad about all the people heavy in paper losing their asses, due to the blatant manipulations of the Morgue and the CME. However...PAPER has as much value as that which it is made from...PAPER. Little ones and zeros in a computer do not really exist, and just like the value in a fiat currency, it is backed by the same thing: nothing - an idea. Physical is still selling from suppliers at nearly 50 FRNs/oz. Use paper to wipe your ass. Use physical silver/gold to save your ass when the FRN dies. It is really that simple. Keep your chin up, go to a window, open it up and scream "FUCK YOU BLYTHE MASTERS!" at the top of your lungs. It'll help. Peace! Mr. SGS, keep it UP!! oh yeah... FUCK YOU BLYTHE MASTERS!
Man, the people on this site crack me up. It's over. People think that it will simply bounce back up. They will halt all silver trading before they let themselves lose. You're deluded if you think one day you'll be buying food with silver coins. If the world gets to that stage, we'll all most likely be dead.
Of course physical is still selling at $50/ounce. The dealers aren't gonna sell it for $35 and take a huge hit. The question is...if you buy it for $50, you're gonna lose your shirt.
@IslandStyle: Correction (pun intended) you have officially lost.
Why don't you go and rebuild somewhere else?
With such weak hands, I'm quite astonished you got into the silver market. As a side note bud, do some self-reflection before you start calling everyone around you clueless. You don't come across as particularly intelligent either ;)
To all the other nervous wrecks, there will be a lot of people here trying to instill fear and doubt into your decisions. If the margin hikes were working great, why are they here?
Keep in mind that inflation affects margin requirements as well. As ironic as this may sound, this "adjustment" could actually be good news ;)
I think we'll be at $50+ by the end of the year. Without the dollar rolling (which I think they were trying to prevent), this is a healthy (although uncomfortable), correction. IMO, good time to buy coming up. Sadly enough, when the currency crisis happens, we all might be all looking back at these times as the good times.
LOL I love it IslandStyle! I emphathize with you on the fiat losses. but you my friend are on hardcore TILT. it's like being at the poker table. relax, take a chill, and think with your head and not your emotions. and definitely immunize your future liabilities. if that means paying off a fixed mortgage in the future, then maybe some cash isn't that bad of an idea.
friends, the next couple years are going to be a chaotic clusterfuck in all of the markets. traditionally, the dollar and Treasuries have been "risk-off" trades that people flock to at times like these. we're in the middle of a long transition period where we find a new global currency. remember, it won't be silver that rises so much, as it is the dollar dying.
Island Style, sorry to hear about your losses. I would be upset also. If you have your phyzz, you have not lost anything. The CRIMEX will not survive July deliveries. August 1 and its game fucking over for these jokers and your gonna have to whore out nuns to get phyzz.
JWMJR said... "I'm just sitting back with a big stack of fiat waiting for the bottom . . . Then 'm going to load up on all the phyzz I can get my hands on!"
You and me both. For the last two or three weeks I've been ready to buy, but so many of the longtime stackers kept saying there would be a correction of at least 20% and to keep holding out.
I will keep checking the price, and when I am satisfied that the drop has levelled out I will be buying physical big time. :D
i don't think this stops until there's no inflation like the bernanke says. and low price silver means no inflation. jpm could possibly cover their shorts and it will end when no physical is available except in the mines. just a thought!
AC_Doctor & SGS - THERE WILL BE NO COMEX DEFAULT. yes all the evidence is there that they are dry, but you don't realize that they are above the law and can do whatever the fuck they want to fuck little guys like us. you've been calling for a default for months but they always find a way out of it.
I've been investing in silver based on the fundamentals. just think, you have lots of capital to invest, where are you going to put it? dollars? stocks? real estate? please. it won't happen tomorrow, but people will be storing their value in PM's because there will be nowhere else to go.
Sorry Islandstyle I have do dealers I use and one is selling Austrians for $38.07 the other regularly sells 1oz rounds for onlt$0.75 over spot. They are not all getting killed and they are not all fleecing the private buyers.
Question/statement, please correct me if Im wrong.
With these margin hikes happening like falling leaves am I right to say that it only financially impacts speculators as people looking to take delivery need to have the full amount of cash any way, they just have to post it earlier than they though.
So what I see happening is the margin hikes will get rid of the speculators on the buy side, will push the price down then they will come in on the sell side and push the price down even further. Therefore are we half way through this? Bloody hope not otherwise we have another $10 to go?
When sediment is at it lowest is the time to buy and reading these blogs I dont think that is too far away. Hit my $31!!
i think all the numbers are totally fictitious. they are able to modify them at will. the only thig real is physical. if you are in their illusionary paper or margin game they will eventually separate you from your money.long term holding physical is your only chance as long as they don't bankrupt you first. how long can you last holding silver at $5/oz that cost you $20-$50.
I'll take my chances trying to buy food with my stacks of eagles, than with worthless fiat, once it all fails. Not to say I don't already have plenty of food and firearms.
Once society fragments, there could be no desire for the union to stay together, thus making it feasible for states, or regions of states to form confederations.
Out here in the Rocky Mtn. west, places are already flirting with taking silver coins as a means of exchange.
Since everybody trading paper here got shalacked this week. I cashed out on my juniors yesterday, waiting to buy back in. It may not come back soon, but rest assured we will see one of the best buy back in opportunities since 2008, that is if the dollar still has value.
Also, GC's last major pullback to 1380.70 on March 15th bottomed at a cross of the 39ma and 50ma on the daily chart. The low today occurred right at the 39ma with the 50ma just below at 1454.
I don't call bottoms, unless I'm on the beach, but this is worth noting, imo.
So tomorrow, assuming he's not sitting in his shop with the doors locked and the shades drawn, I'm going to walk into the coin shop I've been buying from all along and throw my stash of Benjamins on the counter, push them forward, and say "All in."
Go ahead sell your most valuable at this super discounted prices, ill be there waiting to buy it, when the price shoots back up ill truly offer you a wet wipe and a shoulder to cry on. WE ARE RIGHT!!!!! THEY ARE WRONG!!!!!
Though, I don't think many of these dealers are going to be able to maintain stock, for how long really, even if many consumers sell back, and only some will, the supply will slow, to cease. At that point, even at $30. p/oz on paper, the _*lack market will have phyzz at least twice that with growth. Supply and demand... And with out a doubt the use of silver coin will prevail in the near future, to as how the use will be handled and valued are another thing. As well, also, how long will the metals be used as trade till something else is introduced backed 100% by the metals. is that Silver and Gold coins/bars are still the real currency. A 90% silver 10 cent coin is still worth it's price in Silver weight, so ? $1.30 or so now, (last week$1.85 or so ha ha) any way my point is Silver has not changed, only the Dollar, and Still The Dollar is Dying, only Buying time..... tick tock....
there comes a point when prices get cheaper that will create a physical silver frenzy buying whats left. but the TPTB hoping you shun an unaffordable deflated investment, so they can secure it all.careful what you wish for.
What is this "Rock Ridge"? I can't help but think of the scene where the townsfolk are packed up and leaving after Headly Lamars gang pillages the town. Sheriff Bart rides up and asks, "Can't you see this is the last act of a desperate man?" To which One of the Johnsons replys, "We don't care if its the first act of Herny the Fifth, we're leaving." Well if you want to flee please do so and sell you phyzz to some of the rest of us of stronger constitutions on your way out the door!
Bob is a beaten man, never heard him so down, basically telling everyone to move out of the USA... does say this is FANTASTIC OPP to buy ... if he is not a shill, his rep is really on line here, been listening to him for years ... he sounds like he's truly suffering.
Has anyone else noticed how f'ing slow the Gainesville Coins site is. I have never seen it that slow. Anyway, planning tomorrow's buy. It's going to be fun buying at these prices. I'll get some maples, some eagles, and for some reason, I like the Fiji 5 oz coin with the big turtle. It's like fucking christmas. It's all about number of ounces. I think SGS should make a no crying rule for his blog.
Coin shops are good especially if you plan to make several purchases over time, however, they have (on average/as far as I have seen) relatively higher premia than online. My usual suspects for online purchases are:
tulving.com (site looks janky but has great prices and inventory) gainesvillecoins.com apmex.com
Oh how sweet. A photo of My Pretty Little Bitch on the Agauag Blog. I wish I had more time to chime in, what an oppurtunity... Unfortunately My Little Mastermind has me digging a basement below our basement. She got jealous of the button labeled "B2" when she toured an empty silver vault in Manhatten this morning. Now I'm knee deep in mud puddles and singing prison songs as I dig. That's the sound of the Ben workin' on the ching, chang. That's the sound of the Ben workin on the Ching; Chang. To the fella who wants to tag team later. I had a better idea. You meet Blyght out at Trumpy's tonight and pick her up with her favorite palodrome pick up line "Madam I'm Adam". Then when things get all heated up, reach around and give her the "Dub Pene" with that cigar of yours. I'll video tape. Remember - Blyght Tickels Ferocious Demons
If you're in Canada I suggest buying from SilverGoldBull in Alberta... great products, very competitive pricing, fast turn around and discrete packaging. http://silvergoldbull.com
It must suck having to deal in USD, you poor bastards. We here in the Southern Pacific AUD in our hands before it went mental and now we have the upper fiathand. Your measly dollars are what we use to wipe up cat shit with. As for silver- cheaper than hot chips and getting cheaper - bring it on! I think I'll shoot down the road to the Perth Mint this afternoon and get some more metal. We might decorate the master-bedroom with it this weekend, afterall its cheaper than paint and not as flakey!!!
While most of the folks here are bidding their time for the right moment to jump in and scoop up the physical at these prices, folks all over the world are not taking a chance. The US Mint is projected to have a record month in May:
"Buyers of physical silver appear to be swooping in as paper traders are scared out of the market. The U.S. Mint reports sales of 701,900 Silver Eagles so far in May -- during a period silver has tumbled more than 20%. At this pace, sales could reach 4.2 million by month’s end. In the Eagle program’s 25-year history, that figure’s been exceeded only twice -- last November and last January.
Gold Eagle sales are looking strong too -- 35,500 ounces of coins so far in May, which is well ahead of last month’s pace, when sales totaled 160,500 ounces."
"Gold and silver traders in India, the world's biggest buyer of bullion, scrambled for supplies as they braced for strong sales for a local festival, pushing premiums higher.
Traders said interest in silver rose as prices declined 21 percent from their peak of 73,600 rupees per kg."
Fingers crossed, this could be the phyzz buying opp of 2011! If we turn the corner here IMO silver vendors will be selling like hot cakes. Remember the fundamentals have not changed. I noticed SilverGoldBull premium has doubled, from about $1.80 to over $4 bucks... Time for a monster box folks I don't think it will go much lower given the fundamentals. The question is when will you jump back in bitchezz? We could see a $4 bounce any time now! IMO
Hi Blythe, Me again, remember me, the guy with the really big smile from yesterday. Well, I kept my promise. You hit the price today, I bought more today.
Hit the price more tomorrow and I'll get more tomorrow. Blythe, I don't smile very often. Thank you :) You can bring happiness into someone's life after all. You didn't even have to try this time.
As for the nervous wrecks, I'm sure by now you've realized by mow, that if your testicles are not on par with wrecking balls used to demolish buildings then this game isn't for you.
What are you waiting for, the testicular metamorphosis starts tonight!
Buckanear is right, the fundamentals are the same. This weeks actions actually make the odds of qe3 more likely. A double dip in house prices, unemployment getting worse and 4 dollar gas. Actually i should list all the positives in the economy it will be faster.
There is no way out of printing money, no one has the money to buy much more of our debt.
from traderdan http://traderdannorcini.blogspot.com/2011/05/collusion-by-fed-officials-and.html
"By their continued hiking of silver margins, the exchange effectively removed the liquidity in the silver market that the smaller specs have been providing. That left the market vulnerable to severe drops in price as these specs exited due to financial constraints which then removed a source of potential bids under the market as the CFTC commitments report has shown the small specs to be good buyers in the silver market. Even the bigger hedge funds are impacted by such a sharp hike in margins as their losses in silver then precipitate even more losses across other assorted commodity markets due to the cascading effect of mounting paper losses and margin calls and the need to raise cash."
"Oh by the way, I might note here that the Japanese Yen has moved to within 58 pips of the level that brought about a massive coordinated intervention back in March that was tied to the tragic earthquake and tsunami. All of those billions spent on knocking the currency down have been wasted as the newest plan to derail the commodity markets brought about another unwinding of the Yen carry trade causing the exact same problem for Japan once again. In other words, less than two months later and after spending billions to derail the Yen and prop up the Dollar against it, we are right back to where we started on Dollar/Yen."
I see this ending very badly and sooner than most though! Maybe this summer!
Remember: Keep an eye on July Silver futures. The Fib. 50% is @ 33.71. Likely, these bastards will shoot for the 61.8% which is @ 29.90. If SIN11 gets to $29.90 BUY LIKE YOU HAVE NEVER BOUGHT BEFORE!! Good luck all.
Cut the shit. If you are here because you bought and hold, who gives a flying fuck. It's nice to see that decided correctly in terms of dollars, and what the fuck, i'd be happy as a pig in shit if my ounce was worth 95.00 right now, but the reasons for holding have not changed one iotta. Enjoy the fucking bargain and keep buying if you can afford.
Im thinking of quitting my job, so i can cash out my schwab, then using every last penny to buy this huge dip. I guess tomorrow could be my last day if this goes down any further... all i need is a piece of land by a river. Where there is water, there's food, where there is food, there is life... Im pretty good at building things.. guess I''ll find a nice piece of national park to squat on for the next 5 years with my stash, and when I re-enter society, I'll be rich as fuck... and probably buy the land I was squatin on from the state. Im not sellin for shit people... if you stacked, you must also be patient. Good things come to those that wait.
beautiful smile on her face these days
ReplyDeleteYour hearts not into it today....no hairy weiner drawings on her pic.
ReplyDeleteCome on man! Get your game face on!
Stick a dick in her, shes done. Expect a slight pull upwards in the after hours. The Bernanks words only last so long in this ADHD fucktard situation in which we find ourselves. This correction has an evil volatile twin that is going to get a major O-rection within the next few days. Just think of it a a buying op by 34.50 and a nice way to remove the supply overhang.
ReplyDeleteToday marks a first... vomiting and shitting my pants simultaneously.
ReplyDeleteFuck it - just bought a 100z bar.
Come on spot chart, bounce...
I guess the good news is oil is down to 99.70. Looking for a bounce right around a dollar lower on CL. Maybe SI will join.
ReplyDeleteRegarding Blythe... look at those teeth and thin lips! Not a sexual being that one. I can see why she likes to fuck people financially. She's not designed for it physically.
ReplyDeleteBlythe you win. Mea Culpa.
ReplyDeleteI sold my silver and and put the fiat into a chase bank account I opened up.
I am now asking my wife to wear a Blyth mask.
You win.
I am looking forward to anything in the $32's, which I believe will come in the early part of next week--after the latest and greatest margin hike. I have already allocated the funds and am planning on buying at least a hundred oz, hopefully more. Either way, as soon as the fundamentals change I will then consider changing my stratedgy. If you read Eric Sprotts "Follow the Money" report you already know the silver/gold ratio should be 7/1.
ReplyDeleteIf you hold physical you have not lost anything.
ReplyDeleteIf you played the paper game, you most likely lost some more paper, but Harvey Organ, Ted Butler, Bob Chapman and many other credible analysts have warned forever to stay away from the paper game.
If people listened to these people they would not have a sinking feeling, and may be excited about loading up again at a subsidized lower price thanks to the illegal naked shorting.
the paper game is their game... and they will win every time. just buy physical and you will be fine.
ReplyDeleteI agree w/ the $31 - $33 range. Already bought some more phyz yesterday at $42.50 and I'm not at all upset about it... actually relieved. This correction is a gift.
ReplyDeleteIt pretty fucking simple. A raid was planned in AG because the big boys knew about the margin hikes. Weak hands were shaken out.
ReplyDeletePOSX (USDX)up only because the EURO got trashed.
USD still a POS. All fiats still a POS. No financial recovery and suppossed deflation now. Buttfucked Ben has NO choice but to keep QE program to keep economy from tanking. He can't raise interest rates. The Fed is 80% of the buyer market of Treasury bonds. Without the Fed, bond auctions fail or rates go throught the ceiling which Buttfuck Ben can't deal with.
AG/AU are you hedges against a crippled dollar and all fiat currencies. AG is in backwardationa and leased rated are up.
What the fuck more could you ask for?
Jesse also has some great commentary on his ideas of the AG situation.
http://jessescrossroadscafe.blogspot.com/2011/05/interesting-theory-on-silver-for.html
Buy and hold your PHYZZ and the banks will implode by August 1...
This is America, and here we give a winner their due; I bow before the fucking master...or in this case the queen. I think I remember this line from LoTR? - "...All shall love me and despair!"
ReplyDeleteThat being said, this battle may be done, but the war is very far from over. We'll see who's smiling come June.
Really guys? This drop is making you puke? Selling is almost as bad as not buying more at this point.
ReplyDeleteHas the economy really changed? Jobless numbers are as high as they are. Has something suddenly turned around besides the punk ass margin hiking on silver?
What has changed besides a bunch of shorty manipulation before.
Dont be a sheep. If you bought on margin you deserve the anal raping. If not, hang on and relax. You cant fight the fundamentals, and they are not good.
You are patting yourselves on the back at $50 wishing you had bought more at $35. Well, here is your wish. Buy away.
Hats off to ya Blythe! Well done indeed! (and thanks for allowing us all to buy more physical at a reduced rate!)
ReplyDeleteWhat if Chinese sell contracts to create downward preasure and leave Comex with unresolved paper claims (it is not worth anything anyway)?
ReplyDeleteMe and Blyght's Mom are going to tag team Mrs. Master and make her squirt all over the place.
ReplyDeleteDumb question i know but Where do I buy physical silver ? And who the heck do I sel it to when this whole rouse is over?
ReplyDeletePerfect gay partner and running mate for Arch Angel Hillary Rodham Clinton. Only thing missing is a Cuban stogy tucked neatly into the cheek. "I smoked but I didn't inhale". "I did not have sex with that woman".
ReplyDeletemy vomit-o-meter is high. puts are the only reason the portfolio isnt red today. it just keeps accelerating downwards. i dont freaking know who the hell can handle this in 4 days time. i know im not going to risk losing it all on this shit.
ReplyDeleteAt this rate Sprott's PSLV will go below $10 i.e. the price he started the trust at! Woo hoo!
ReplyDeleteWow this is a week in infamy! Oh the humanity! They think its all over, it is now!
ReplyDeletei'm looking at that pic and i'm thinking sex change. Only question is, who was he before blythe?
ReplyDeletethe nail on the head is at the silver report today...buy phzzz all the way down to $1...unless you really believe in Santa...
ReplyDeleteFor crying out loud folks GROW A PAIR!!!! did yall really think we could take on the EE without getting hit a few times? all they have done with this crap is to give the beach ball more power when it turns and goes the other direction next week, WE ARE RIGHT! THEY ARE WRONG!
ReplyDeleteIn my wildest dreams I never would have guessed that they could collapse an entire commodity in a matter of days. I am down $50,000 so far this week, or about 10% of my portfolio. They win! I'm gonna get wiped out.
ReplyDeleteI find it funny how a bunch of unemployed gamers/day traders believe they can take on the establishment by buying a few ounces and bashing Blythe on the internet. We have officially lost. Time to start rebuilding.
ReplyDelete@AgThug...she was Jim Carey
ReplyDeleteAll the people on this site are clueless. The dollar SHOULD die, but it won't. The system is self-aware, like Skynet. It will destroy humanity before it fails.
ReplyDeleteisland style - insider trading at its finest! perfectly legal of course :)
ReplyDeleteWell I just clicked the 'I love Blythe today button. Let her keep pounding on the paper price. I'm just sitting back with a big stack of fiat waiting for the bottom and then it will be my turn to pounce (and a lot of others I suspect). Then 'm going to load up on all the phyzz I can get my hands on! She's only getting away with it at this point because there are no bidders for her worthless short paper. With each down click in the spot she over extends a little bit further. IMO she is over playing her hand. When the BoS come back in the OI will overwhelm her and the game will be up for once and for all. At that point the actual value of phyzz will be so high it won't be available at any price. Barter will be king and fiat will be toilet paper. I wouln'd be buying any Scott Paper or Kimberly Clark if I were you!
ReplyDeleteNow I know why the guys on Wall St jump out of windows.
ReplyDeleteAColin
Yep. Everyone knows that the markets are rigged and total bullshit. That's not the problem. The problem is that no one is gonna do a damn thing about it. Silver won't get back above $40 for over a year. That's my call. They will continue to raise margins until only the hedgies can buy it. Then the JP Morgue and friends will control the global silver supply. This cannot be argued.
ReplyDeleteGuys the point is this: the fundamentals of the metals have not CHANGED. The paper market is MANIPULATED. I feel really bad about all the people heavy in paper losing their asses, due to the blatant manipulations of the Morgue and the CME. However...PAPER has as much value as that which it is made from...PAPER. Little ones and zeros in a computer do not really exist, and just like the value in a fiat currency, it is backed by the same thing: nothing - an idea. Physical is still selling from suppliers at nearly 50 FRNs/oz. Use paper to wipe your ass. Use physical silver/gold to save your ass when the FRN dies. It is really that simple.
ReplyDeleteKeep your chin up, go to a window, open it up and scream "FUCK YOU BLYTHE MASTERS!" at the top of your lungs. It'll help.
Peace! Mr. SGS, keep it UP!! oh yeah...
FUCK YOU BLYTHE MASTERS!
Man, the people on this site crack me up. It's over. People think that it will simply bounce back up. They will halt all silver trading before they let themselves lose. You're deluded if you think one day you'll be buying food with silver coins. If the world gets to that stage, we'll all most likely be dead.
ReplyDeleteOf course physical is still selling at $50/ounce. The dealers aren't gonna sell it for $35 and take a huge hit. The question is...if you buy it for $50, you're gonna lose your shirt.
ReplyDelete@IslandStyle:
ReplyDeleteCorrection (pun intended) you have officially lost.
Why don't you go and rebuild somewhere else?
With such weak hands, I'm quite astonished you got into the silver market. As a side note bud, do some self-reflection before you start calling everyone around you clueless. You don't come across as particularly intelligent either ;)
To all the other nervous wrecks, there will be a lot of people here trying to instill fear and doubt into your decisions. If the margin hikes were working great, why are they here?
Keep in mind that inflation affects margin requirements as well. As ironic as this may sound, this "adjustment" could actually be good news ;)
I think we'll be at $50+ by the end of the year. Without the dollar rolling (which I think they were trying to prevent), this is a healthy (although uncomfortable), correction. IMO, good time to buy coming up. Sadly enough, when the currency crisis happens, we all might be all looking back at these times as the good times.
ReplyDeleteGood post by Jim Sinclair...
ReplyDeletehttp://jsmineset.com/
I'd hate fuck her after she carries in the stack
ReplyDeleteof monster boxes i just picked-up !
LOL I love it IslandStyle! I emphathize with you on the fiat losses. but you my friend are on hardcore TILT. it's like being at the poker table. relax, take a chill, and think with your head and not your emotions. and definitely immunize your future liabilities. if that means paying off a fixed mortgage in the future, then maybe some cash isn't that bad of an idea.
ReplyDeletefriends, the next couple years are going to be a chaotic clusterfuck in all of the markets. traditionally, the dollar and Treasuries have been "risk-off" trades that people flock to at times like these. we're in the middle of a long transition period where we find a new global currency. remember, it won't be silver that rises so much, as it is the dollar dying.
Island Style, sorry to hear about your losses.
ReplyDeleteI would be upset also. If you have your phyzz, you have not lost anything. The CRIMEX will not survive July deliveries. August 1 and its game fucking over for these jokers and your gonna have to whore out nuns to get phyzz.
JWMJR said... "I'm just sitting back with a big stack of fiat waiting for the bottom . . . Then 'm going to load up on all the phyzz I can get my hands on!"
ReplyDeleteYou and me both. For the last two or three weeks I've been ready to buy, but so many of the longtime stackers kept saying there would be a correction of at least 20% and to keep holding out.
I will keep checking the price, and when I am satisfied that the drop has levelled out I will be buying physical big time. :D
i don't think this stops until there's no inflation like the bernanke says. and low price silver means no inflation. jpm could possibly cover their shorts and it will end when no physical is available except in the mines. just a thought!
ReplyDeleteAC_Doctor & SGS - THERE WILL BE NO COMEX DEFAULT. yes all the evidence is there that they are dry, but you don't realize that they are above the law and can do whatever the fuck they want to fuck little guys like us. you've been calling for a default for months but they always find a way out of it.
ReplyDeleteI've been investing in silver based on the fundamentals. just think, you have lots of capital to invest, where are you going to put it? dollars? stocks? real estate? please. it won't happen tomorrow, but people will be storing their value in PM's because there will be nowhere else to go.
@We The Sheeple - A default at comex may very well crash the system, so I think there are many more participants in this one than just JPM.
ReplyDeletecheck it out,
ReplyDeletesilvergoldbull.com
leaf now $38.84 in stock
a buffalo round $36.73
and yeah falling...
Sorry Islandstyle I have do dealers I use and one is selling Austrians for $38.07 the other regularly sells 1oz rounds for onlt$0.75 over spot. They are not all getting killed and they are not all fleecing the private buyers.
ReplyDeleteOn the CONMEX, watching $33.78, 32.50 & 31.70 overnight.
ReplyDeleteDollar hit 74.42 and pulled back a tad so far.
Question/statement, please correct me if Im wrong.
ReplyDeleteWith these margin hikes happening like falling leaves am I right to say that it only financially impacts speculators as people looking to take delivery need to have the full amount of cash any way, they just have to post it earlier than they though.
So what I see happening is the margin hikes will get rid of the speculators on the buy side, will push the price down then they will come in on the sell side and push the price down even further. Therefore are we half way through this? Bloody hope not otherwise we have another $10 to go?
When sediment is at it lowest is the time to buy and reading these blogs I dont think that is too far away. Hit my $31!!
Also remember Silver is a Very tiny market ! This stuff will take off to the Moon , when the Ponzi comes off !
ReplyDeleteRemember this ?
http://www.youtube.com/watch?v=JXQ6Yqyjr1M&feature=mfu_in_order&list=UL
It simply does not stop falling. I am rebuying shorts all evening long and readjust my stops all the time but there is only one direction.
ReplyDeleteI will sell all shorts later (as I can not trade during the night). Tomorrow I will buy phyzz again.
I have no clue what those idiots think they are doing, but this will be a nightmare of a wakeup one day.
i think all the numbers are totally fictitious. they are able to modify them at will. the only thig real is physical. if you are in their illusionary paper or margin game they will eventually separate you from your money.long term holding physical is your only chance as long as they don't bankrupt you first. how long can you last holding silver at $5/oz that cost you $20-$50.
ReplyDelete@ island style.
ReplyDeleteI'll take my chances trying to buy food with my stacks of eagles, than with worthless fiat, once it all fails. Not to say I don't already have plenty of food and firearms.
Once society fragments, there could be no desire for the union to stay together, thus making it feasible for states, or regions of states to form confederations.
Out here in the Rocky Mtn. west, places are already flirting with taking silver coins as a means of exchange.
Since everybody trading paper here got shalacked this week. I cashed out on my juniors yesterday, waiting to buy back in. It may not come back soon, but rest assured we will see one of the best buy back in opportunities since 2008, that is if the dollar still has value.
Also, GC's last major pullback to 1380.70 on March 15th bottomed at a cross of the 39ma and 50ma on the daily chart. The low today occurred right at the 39ma with the 50ma just below at 1454.
ReplyDeleteI don't call bottoms, unless I'm on the beach, but this is worth noting, imo.
@cryin'Ryan heheheheheheh
ReplyDeleteSo tomorrow, assuming he's not sitting in his shop with the doors locked and the shades drawn, I'm going to walk into the coin shop I've been buying from all along and throw my stash of Benjamins on the counter, push them forward, and say "All in."
ReplyDeleteLOWER! LOWER LOWER LOWER!
ReplyDeleteLet's get sub $10 so I can back the muthafuckin' truck UP!
Go ahead sell your most valuable at this super discounted prices, ill be there waiting to buy it, when the price shoots back up ill truly offer you a wet wipe and a shoulder to cry on. WE ARE RIGHT!!!!! THEY ARE WRONG!!!!!
ReplyDeleteThough,
ReplyDeleteI don't think many of these dealers are going to be able to maintain stock, for how long really,
even if many consumers sell back, and only some will, the supply will slow, to cease. At that point, even at $30. p/oz on paper, the _*lack market will have phyzz at least twice that with growth.
Supply and demand...
And with out a doubt the use of silver coin will prevail in the near future, to as how the use will be handled and valued are another thing. As well, also, how long will the metals be used as trade till something else is introduced backed 100% by the metals. is that Silver and Gold coins/bars are still the real currency. A 90% silver 10 cent coin is still worth it's price in Silver weight, so ? $1.30 or so now, (last week$1.85 or so ha ha) any way my point is Silver has not changed, only the Dollar, and Still The Dollar is Dying, only Buying time..... tick tock....
there comes a point when prices get cheaper that will create a physical silver frenzy buying whats left. but the TPTB hoping you shun an unaffordable deflated investment, so they can secure it all.careful what you wish for.
ReplyDeletehttp://www.americanfreedomradio.com/listen_live.html
ReplyDeletechapman on radio now, saying the crooks are doing us in, thanks, Bob
What is this "Rock Ridge"? I can't help but think of the scene where the townsfolk are packed up and leaving after Headly Lamars gang pillages the town. Sheriff Bart rides up and asks, "Can't you see this is the last act of a desperate man?" To which One of the Johnsons replys, "We don't care if its the first act of Herny the Fifth, we're leaving." Well if you want to flee please do so and sell you phyzz to some of the rest of us of stronger constitutions on your way out the door!
ReplyDeleteBob is a beaten man, never heard him so down, basically telling everyone to move out of the USA... does say this is FANTASTIC OPP to buy ... if he is not a shill, his rep is really on line here, been listening to him for years ... he sounds like he's truly suffering.
ReplyDeletewhen we hit a gold/silver ratio of 50 i will change 1kg au into ag i guess
ReplyDeleteMany dealers have limited supply and are looking at delayed delivery on new stock but they are still in business.
ReplyDeleteIsland Style, my recommendation for you is a whole life policy and some Vagisil.
ReplyDeletehttp://www.youtube.com/watch?v=9zBNj8y9n2o
ReplyDeleteHas anyone else noticed how f'ing slow the Gainesville Coins site is. I have never seen it that slow. Anyway, planning tomorrow's buy. It's going to be fun buying at these prices. I'll get some maples, some eagles, and for some reason, I like the Fiji 5 oz coin with the big turtle. It's like fucking christmas. It's all about number of ounces. I think SGS should make a no crying rule for his blog.
ReplyDelete@ljhill
ReplyDeleteRE: Where to buy
Coin shops are good especially if you plan to make several purchases over time, however, they have (on average/as far as I have seen) relatively higher premia than online.
My usual suspects for online purchases are:
tulving.com (site looks janky but has great prices and inventory)
gainesvillecoins.com
apmex.com
These are just a couple...
The only thing I can remember is the comment " Cramer is recommending silver, get out now"
ReplyDeleteOh how sweet. A photo of My Pretty Little Bitch on the Agauag Blog. I wish I had more time to chime in, what an oppurtunity... Unfortunately My Little Mastermind has me digging a basement below our basement. She got jealous of the button labeled "B2" when she toured an empty silver vault in Manhatten this morning. Now I'm knee deep in mud puddles and singing prison songs as I dig. That's the sound of the Ben workin' on the ching, chang. That's the sound of the Ben workin on the Ching; Chang. To the fella who wants to tag team later. I had a better idea. You meet Blyght out at Trumpy's tonight and pick her up with her favorite palodrome pick up line "Madam I'm Adam". Then when things get all heated up, reach around and give her the "Dub Pene" with that cigar of yours. I'll video tape. Remember - Blyght Tickels Ferocious Demons
ReplyDeleteMrs. Master Baiter and Ben dover Bernanke make the perfect couple.
ReplyDeleteIf you're in Canada I suggest buying from SilverGoldBull in Alberta... great products, very competitive pricing, fast turn around and discrete packaging. http://silvergoldbull.com
ReplyDeleteBlyght's Mom, you dirty girl... You are disgusting; I LOVE YOU!
ReplyDeleteMrs. Master Baiter and Ben dover Bernanke: classical....rofl
ReplyDeleteadmit it guys, each and every one of you would hatefuck the shit out of her.
ReplyDeleteIt must suck having to deal in USD, you poor bastards. We here in the Southern Pacific AUD in our hands before it went mental and now we have the upper fiathand. Your measly dollars are what we use to wipe up cat shit with. As for silver- cheaper than hot chips and getting cheaper - bring it on! I think I'll shoot down the road to the Perth Mint this afternoon and get some more metal. We might decorate the master-bedroom with it this weekend, afterall its cheaper than paint and not as flakey!!!
ReplyDeleteI was just on Kitco looking at silver. For some reason there are no ASEs, no Maple Leafs, etc, just Philharmonics, Grizzlies, and bars.
ReplyDeleteSold out..?
http://www.youtube.com/watch?v=rH0iAYtYKnA&feature=related
ReplyDeleteMaloney's halcyon days a year ago; anyone have any links with him today?
While most of the folks here are bidding their time for the right moment to jump in and scoop up the physical at these prices, folks all over the world are not taking a chance. The US Mint is projected to have a record month in May:
ReplyDelete"Buyers of physical silver appear to be swooping in as paper traders are scared out of the market. The U.S. Mint reports sales of 701,900 Silver Eagles so far in May -- during a period silver has tumbled more than 20%. At this pace, sales could reach 4.2 million by month’s end.
In the Eagle program’s 25-year history, that figure’s been exceeded only twice -- last November and last January.
Gold Eagle sales are looking strong too -- 35,500 ounces of coins so far in May, which is well ahead of last month’s pace, when sales totaled 160,500 ounces."
And in India:
http://timesofindia.indiatimes.com/business/india-business/Akshaya-Tritiya-Gold-silver-traders-scramble-for-supplies/articleshow/8168995.cms
"Gold and silver traders in India, the world's biggest buyer of bullion, scrambled for supplies as they braced for strong sales for a local festival, pushing premiums higher.
Traders said interest in silver rose as prices declined 21 percent from their peak of 73,600 rupees per kg."
http://www.youtube.com/watch?v=ATOkB7Rl1F4&feature=player_embedded
ReplyDeletethis is really good rundown by PC ROBERTS on the OBL bullshit
Blythe Master, sociopath, no other description needed.
ReplyDeleteFingers crossed, this could be the phyzz buying opp of 2011! If we turn the corner here IMO silver vendors will be selling like hot cakes. Remember the fundamentals have not changed. I noticed SilverGoldBull premium has doubled, from about $1.80 to over $4 bucks... Time for a monster box folks I don't think it will go much lower given the fundamentals. The question is when will you jump back in bitchezz? We could see a $4 bounce any time now! IMO
ReplyDeleteExcellent analysis from trader Dan:
ReplyDeletehttp://traderdannorcini.blogspot.com/2011/05/collusion-by-fed-officials-and.html
Hi Blythe,
ReplyDeleteMe again, remember me, the guy with the really big smile from yesterday. Well, I kept my promise. You hit the price today, I bought more today.
Hit the price more tomorrow and I'll get more tomorrow. Blythe, I don't smile very often. Thank you :) You can bring happiness into someone's life after all. You didn't even have to try this time.
As for the nervous wrecks, I'm sure by now you've realized by mow, that if your testicles are not on par with wrecking balls used to demolish buildings then this game isn't for you.
What are you waiting for, the testicular metamorphosis starts tonight!
She needs a good bone jumping so she stop fucking my PM's
ReplyDeleteBuckanear is right, the fundamentals are the same. This weeks actions actually make the odds of qe3 more likely. A double dip in house prices, unemployment getting worse and 4 dollar gas. Actually i should list all the positives in the economy it will be faster.
ReplyDeleteThere is no way out of printing money, no one has the money to buy much more of our debt.
WTF, I will be down like 20K+ with my position in Tokyo Commodity Exchange (TCOM) starting in about 1 hour time.
ReplyDeleteWe had one margin hike last week.
One contract is 1kg (appx.35oz)
Price usually directly reflects COMEX's price but not sure this morning.
Am thinking of standing for delivery.
from traderdan
ReplyDeletehttp://traderdannorcini.blogspot.com/2011/05/collusion-by-fed-officials-and.html
"By their continued hiking of silver margins, the exchange effectively removed the liquidity in the silver market that the smaller specs have been providing. That left the market vulnerable to severe drops in price as these specs exited due to financial constraints which then removed a source of potential bids under the market as the CFTC commitments report has shown the small specs to be good buyers in the silver market. Even the bigger hedge funds are impacted by such a sharp hike in margins as their losses in silver then precipitate even more losses across other assorted commodity markets due to the cascading effect of mounting paper losses and margin calls and the need to raise cash."
"Oh by the way, I might note here that the Japanese Yen has moved to within 58 pips of the level that brought about a massive coordinated intervention back in March that was tied to the tragic earthquake and tsunami. All of those billions spent on knocking the currency down have been wasted as the newest plan to derail the commodity markets brought about another unwinding of the Yen carry trade causing the exact same problem for Japan once again. In other words, less than two months later and after spending billions to derail the Yen and prop up the Dollar against it, we are right back to where we started on Dollar/Yen."
I see this ending very badly and sooner than most though! Maybe this summer!
I think that says it all!
Remember: Keep an eye on July Silver futures. The Fib. 50% is @ 33.71. Likely, these bastards will shoot for the 61.8% which is @ 29.90. If SIN11 gets to $29.90 BUY LIKE YOU HAVE NEVER BOUGHT BEFORE!! Good luck all.
ReplyDelete@ledbed... who are you? are you jonathan ledbed?
ReplyDeleteCut the shit.
ReplyDeleteIf you are here because you bought and hold, who gives a flying fuck. It's nice to see that decided correctly in terms of dollars, and what the fuck, i'd be happy as a pig in shit if my ounce was worth 95.00 right now, but the reasons for holding have not changed one iotta. Enjoy the fucking bargain and keep buying if you can afford.
A mere mortal, 2pac4ya, a mere mortal
ReplyDeleteLol... feel like Major Kong Today!!!
ReplyDeletehttp://www.youtube.com/watch?v=wcW_Ygs6hm0
Can't Wait for the bottom! This is truly a blessing!!! Thank you Blythe and JPM, my stash is going to get a whole lot bigger real soon!
SI just popped from 34.35 to 34.99 in 9 minutes. Not much volume on it though.
ReplyDeleteIm thinking of quitting my job, so i can cash out my schwab, then using every last penny to buy this huge dip. I guess tomorrow could be my last day if this goes down any further... all i need is a piece of land by a river. Where there is water, there's food, where there is food, there is life... Im pretty good at building things.. guess I''ll find a nice piece of national park to squat on for the next 5 years with my stash, and when I re-enter society, I'll be rich as fuck... and probably buy the land I was squatin on from the state. Im not sellin for shit people... if you stacked, you must also be patient. Good things come to those that wait.
ReplyDeleteYou wanna know what it means to have balls of steel. I'll show you. If you can't do this with your balls then wait till next week:
ReplyDeletehttp://www.youtube.com/watch?v=xrXOx3eyoQs
Night all!
Silver, let's get wrecking ball physical!
Those thin little bird lips..no way can she suck ____ very well.
ReplyDelete@Blyght's Mom...
ReplyDeleteHOT!