Thursday, July 14, 2011

27.356 million oz

= $ US 1.039 Billion @38.

Blythe, this can be bought by any large institution, hedge fund, or endowment on any given day, in any given minute. Good luck.

16 comments:

  1. SGS, good call on LULU looks like it's about to get kicked in the teeth. Wasn't paying attention to it at the close today or I might have picked up some puts.

    I keep hearing lots of talk about how silver can't recover to $50 anytime soon because it's a "broken parabola" and needs time to "repair." What's your opinion on that?

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  2. my guessing is that when you run out of something "silver", charts don't mean shit.

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  3. SGS, i've been under the impression that news of a raised Debt ceiling will bring a rally to the PMs, as a raised ceiling is the horsemen of more QE.

    Lately i've heard people talk of a probable selloff in PMs once the news will hit. Partly because "sell the news", and the grand illusion that everything is once again fine in wonderland.
    Combine this with the latest rally in PMs on the scares of a US default. When the limit is increased that crisis will be averted (for now ofc) and may trigger some heavy profit-taking.

    Whats your stand on this? News of resolved debt limit issue = insta-bull or insta-bear 10%?

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  4. Can someone photoshop a centaur behind BM? That would be awesome!!!

    Go silver!

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  5. I think Sprott may buy some off it. Although I reckon he can get it cheaper directly from his mine buddies!

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  6. @Jimmy...a raise in the debt ceiling will still require some foreign institutions to temporarily buy, hold, and flip the treasury bonds. Fact is, the money is getting dry and this debt ceiling raise may have some pretty nasty implications, highlighting the fact that most foreigners are tired of the dollar's reign. If we see a debt ceiling rise, I'd expect silver to tank...until the next public debt auctioning, at which time the game might be over. Keep an eye on zerohedge.com, as he breaks a lot of this down very, very well. I'm new to a lot of this myself and feel like I'm getting caught up in a short amount of time. As the general rule around here goes, keep stacking. I wouldn't hold puts or calls until this debt ceiling fiasco is over, but once it is, I'm going waste deep into October and later calls against silver, while still stacking PHYS.

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  7. Girl's got some bigass feet.

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  8. Get a load of this estimate bullshit...

    http://www.kitco.com/ind/Matlack/images/jul122011_14.gif

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  9. 27.356 million oz.

    "this can be bought by any large institution, hedge fund, or endowment on any given day, in any given minute."

    What's stopping them???

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  10. The PTB giveth and taketh away ... here comes the obvious friday take down ... figured they'd pull the rug on getaway day ... gold down 11 and silver 74 already--be curious to see where this one ends.

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  11. I'm at peace with my shit load of silver. Jim Rogers said it best last week. If the economy is doing fine, silver and commodities will be in demand and do fine. If the economies are stumbling, governments will print, and silver and commodities will do fine. We win either way.

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  12. A 10% correction in the mini S&P will take it down to 1175 +/- A Sept. put at that is going for $525. That is cheap entertainment if you ask me. MACD is just about ready to cross...the bars look like crap. 63 days until expiration. Hope everyone has a good weekend.

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  13. Were screwed either way

    http://theeveningchronicle.blogspot.com/2011/07/damned-if-you-do-damned-if-you-dont.html

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  14. Who wants to see this same photo with My Little Blyght doing her Sharon Stone in Basic Instinct pose? Anyone? Anyone? SGS?

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  15. Blythe is so hot. Dude, post some more photos of her.

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  16. All I could think in this photo is Sienfeld's "MAN HANDS!"

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