Thursday, June 30, 2011

Must Read: The "Tyranny Of A Rigged Paper Monopoly Over Silver Price Discovery"

Nothing more to say this evening. We have a long weekend here plus I am at the peak of my busy season so I have been away all day. Take 10 minutes and read this thoroughly.

The recent bear raid on silver has left many concerned about the sustainability of its historic run. Silver, being a relatively obscure market for most mainstream commentators, attracted much attention in the ensuing days following the May 1 takedown. Indeed, though the 30% drop in silver occurred over only four days, seemingly all eyes were on silver, with commentators who could’ve cared less about the silver market only a couple of months ago, suddenly tripping all over one another to make the bubble call. Silver bubble 2.0? Hardly. Anyone who has been fortunate to have been invested in silver over the past few years would unfortunately be used to such blatant takedowns. The Chinese don’t call it the "Devil’s Metal" for no good reason. With so much talk these days about the risks of investing in silver, we think that perhaps it may be timely for us to weigh in on the matter. The silver market is riskier than ever, but for reasons the vast majority of pedestrian commentators have failed to grasp.

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10 comments:

  1. Any comments on the recent news release on Tinka ?

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  2. Fuck Tinka. Just buy the fucking physical. Look at Greece. That shits coming sooner than later to North America. Get ready for the end of an age my friends.

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  3. Its seems that the "experts" Chapman, Rogers, Faber, et al.. think they could kick the can down the road for at least another year, Faber thinks up to 5.

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  4. Tinka popped up 10% today, to end the day 8% down. WTF!

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  5. I'm not the Brains of some of you guys, and I don't make a lot of money and have a lot of kids to boot.. Last Saturday, I went to the coin shop and bought 4 ounces.. This Saturday, I will buy another 4.. I could buy more when they were cheaper.. So I'm only up to about 2,600 ounces.. Just Stack ! Also, Food, Water, Lead in Jacket form, Medical supplies and don't forget the Toilet Paper !

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  6. I'm going to say it again...there is no premium for physical silver. I'm a silver bull also but people that look at this site as a holy grail are NOT doing the proper research to understand why miners are going down and why there is no real premium in the real world for silver bullion. Sorry folks, nothing to see here yet..but any market always tests patience...a bull will take the least amount of people as it climbs the wall of worry. Twill rise over time. Somebody just must address that this site lacks actual facts with regards to the paper physical spread and fails to understand why miners didn't rally when silver reached 50.

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  7. The bottom line is the paper silver manipulation is so massive and distorts supply/demand/price so outrageously that fiat price really doesn't mean shit...those of us who stay resolute will thrive and survive, those that buy the matrix lies are done. Best of luck.

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  8. Just wanna share what I read on a Turd Ferg comment thread maybe a week ago.

    A commenter, Carlos Gomez, said that when shit hits the fan, him and his homies are prepared to post out on I-15 from SoCal to Vegas to pillage anybody who tries to flee the warzone LA will be at that time.

    As sinister as that idea is, it's brilliant. But he better have enough firepower to hold off other pirates and maybe even tanks I'd assume if it happened.

    But yeah. You can be a dick to the world and just rob everyone else.

    Get your aim straight people! I think it'll surely count soon...

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  9. "Tinka popped up 10% today, to end the day 8% down. WTF! "

    Welcome to junior mining investing, illiquid summers, and drill results pending. Keep the food down and hope they hit the Chimu.

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  10. Lets see if we can hold the May 16th low today, silver price is getting destroyed! Why is that $26 JPM short looking more and more likely!

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