RING THE FUCKING ALARMS. Everyone knows the comex is in a defacto default. But the slow, decent of the 'inventories' should be alarming-well not really the bears vids have been harping on this since November of 2010. But if you are late to the game, this blog for the next 30 days will be dedicated to the countdown.
Paper price vs. spot price is about to go full retard by firework day.
Only thing standing in our way is a move like 2008 to drain everything, and prop the $US till September...that being said there is no QE3, LOL, its going to get exciting.
My math sucks, but at this rate, the Comex should have 0 ounces in it, on July 6th. And this is NOT taking into consideration that the last 15 million ounces will be snapped up in half the amount of time. Happy fourth of July, you will see fireworks my friends.
Forget watching porn tonight??? Forget you!!!
ReplyDeleteThis is so incredibly fucked up. I just read Harvey's commentary. It boggles my mind that there is not 1 fucking person in America with the balls to stand up and call these fucking criminals out.
ReplyDeleteAnd while Rome burns, all the news today is about Anthony's fucking weener. So, if you are a member of congress, it is OK to turn a blind eye to market manipulation, it is OK to turn a blind eye to commodities fraud, it is OK to turn a blind eye to several wars that are illegal, it is OK to turn a blind eye to the blatant shredding of our constitution, but don't Tweet a half naked picture of yourself or every fucking media outlet in the country will be shouting from the rooftops. Tweeting is so gay, but anyway, Anthony fucking Weener and the bitch in Florida that killed her own daughter dominates the news. Did I mention that tweeting is gay?
I hope I receive my latest order of Phyzz before the shit hits the fan.
Did I mention tweeting is gay?
This dude says there's 100M oz of silver in the Comex and no chance of a default yet. Who's right? http://www.youtube.com/watch?v=WLWmV522Oes&feature=player_embedded#t=312s
ReplyDeleteWe are in a STATE OF TRANCE:
ReplyDeletehttp://www.youtube.com/watch?v=tLcXFQf2_gg&NR=1
Ok I am getting another shipment of 500 this week. Plus some novelty silver and gold items from APMEX next week.
I am cashing-out some silver at goldmoney.com ready for the great oh-eight takedown later this week or next week. Going to scoop up tons of silver when the fake spot price drops. Hey Turk, you should raise your premiums. :)
And to top off my anger, I don't get the effing channel the hockey game is on. I'm gonna go postal!
ReplyDeletekessler just bloodied siedenberg, dont worry about it
ReplyDeleteSGS would you recommend buying more phyzz tomorrow or waiting a week or two? If the Comex will have 0 at the beginning of next month is another takedown pretty much guaranteed between now and then before it skyrockets?
ReplyDeleteAlso, does this have any weight at all considering the fundamentals of today?
http://pragcap.com/silver-is-tracing-out-1980-post-bubble-pattern
Lets be honest here guys, if the comex was anywhere near default they would hike margins through the roof just like they did in the 80s. They would make you cover 100%+ of your position and keep increasing until interest waned. They have too many tools at their disposal, theres a reason why they have never defaulted on any contract in their 100+ year history.
ReplyDeleteEven if spot goes to $0, I doubt phyzz would be available for cheap given a lot has been sold >$30. Just buy some each pay day/week.
ReplyDeleteDan I'd argue that if they did that there'd be a massive run instead of this inevitable implosion they're having now because of how quickly information travels and since people are more awake now more than ever and know the game is up. I'm going to put as much fiat into this as to say whatever is leftover is for the emergency of what is to come. I know I can't get the timing of buying perfect, but I would like to avoid buying tomorrow if its inevitable they'll drive the price down again in the next week or two by $10 or whatever it is they're planning so I can have more ounces.
ReplyDeleteHow do you know the comex doesnt just have silver in different vaults.
ReplyDeleteBefore the May 1st crash, I recall some poster posting somewhere that the Comex would carpet bomb the market with Silver. This same poster implied that the price was about to drop big.
I am no longer convinced that the Comex is going to default. Hope I am wrong.
Somebody is going to come in there and buy the shit load of silver in one day and then it's game over. My parents could buy a shit load of that stuff if I could convince them. Perhaps they can buy it back-deal through Scotia-Macotta. Heck I bought 1,000 ounces from Scotia-Macotta two years ago. Threatened them that I'd like to buy one ton of silver from them. Of course they just freaked and laughed it off.
ReplyDeletesgs , what do you think about december s + p 500 puts, strike price 975?
ReplyDeletewhy not host a simple dayly graph that shows the evolution of the amount of silver left in the vault? If it goes like 1/x we celebrate. If it goes up we can wonder where is the conspiracy
ReplyDeleteDid it ever occur to you that the Morgue,Goldie, HSBS have no interest in letting physical out of their possession and hence they settle contracts for SLV and worthless paper? Blythe is short against the Morgue Box. Don't be foolish, theses are the smartest guys in the room. They can and will manipulate price so long as it serves their interest. This is a giant chess game, only physical metal cannot be manipulated.
ReplyDelete@MikeS "smartest guys in the room" ... Blythe ... give me a break!
ReplyDeleteThe media says they're smart. The average IQ of the reporter is absolute zero in Celsius (roughly -273), anyone is smart in comparison to them.
You should talk to the combinatorics guys. Most of them are incensed at what's happening right now. They're smart and very few of them are still working for the banks. Result is anyone's guess.
Bilderberg are probably discussing this issue this week. I think this is farcical. A bunch of morons that only know how to use multiple choice software are deciding the fate of the world.
Who's the joke? Us or them?
You're giving banks too much credit (isn't it enough they can create credit out of thin air?)
I don't know about waiting for a better price for phyzz. You are trying to save $5 or $10 bucks per oz. In the long run who cares about your basis when it is $100, $200 per oz. cost average it out, that way you don't miss out when it takes off.
ReplyDelete