"The Decade of EPIC Begins"
Lmao, EPIC ! The decade has definatly kicked off today.
The bears 7 video has in effect bolstered what many of us here thought was coming and the events are playing out pretty much as predicted.I'd really like to extend a sincere thanks to @SGS and the many readers whose comments have helped me maintain my sanity in the face some very interesting developments.The main event is nearing. Are you prepared?
You know over the weekend I was thinking! Ok, so the market was down prior to the S&P down grade, why? Was the word put out in advance the the downgrade was coming? Was this an attempt to funnel people into treasuries before the downgrade? Now, what fool would buy US paper, BAC is on fire, municaplities are smoldering, and well just look at the Dow!At this juncture it is necessary for Chairsatan to print, otherwise. USA meet cliff, cliff meet USA.
Or even worse, Bernanke will waffle, a la Barack Obama, and say something without saying anything.G-7 is on board for more printing, and so is the ECB/EFSF.But who knows if they will.They may allow more pain first. But mark my words, if no announcement tomorrow, the Dow is gonna drop 2000 points in 10 minutes.
whats crazy and no one is talking about is when was last time oil went down 5.50? usually trollies with gold according to gurus
This pisses me off because the super rich will be told by Bernanke what is about to happen, and they will position them selves accordingly.This is worse than a casino, at least you know the odds before you start. I think Bernanke does not say he is printing, and we go back down to 6000 again. This time Geithner will fly in a threaten marshal law if no bank bailout! Could this shit happen again!I have 40 minutes to decide if silver drops 50% again! Arggghhh
People are positioning ahead of FOMC meeting and so far it seems like they are expecting absolutely nothing. Saw SIL down 8% earlier. Empty suit rhetoric and tax hikes from the totus. Vix spiking over 45. This is a negative liquidity event just waiting for a reason to turn into a financial blackhole.
It seems funny now hearing all the people who were saying "it's priced in" over the weekend :)
Flaunt:I guess they never got the silver beard part 7 memo ;)
From ZH:"We unwind this trade today, one day ahead of the announcement of QE3"I guess they got memo.
What's up with Tinka? Down 17%? Yikes! Any news SGS?
had a pal send me this who believes in the USD and that the world will never let it die etc....http://www.investorplace.com/38023/gold-prices-bubble-investing-gld-etf/?cp=marketwatch&cc=syndhttp://www.investorplace.com/38023/gold-prices-bubble-investing-gld-etf/?cp=marketwatch&cc=syndanyhow, read the posts, they owned this dumbfuck so badly they closed it haha
Gold hits a record high and Silver gets taken down. I thought the whole point of keeping Silver down was to control the price of Gold. If Gold is now not affected by the price of Silver why are they hammering Silver still. What is the purpose?
Tinka may go to zero like all the other stocks. Yes I have lots of news, but would rather see it go down more so I can buy lower. Once the panic is over I will post my reporting.
JEFF CHRISTIAN ON THE NYSE FLOOR WITH MARIAJeff states this $1720 move in gold is probably the TOP. Goes on to say that the move in gold is due to options and futures and not physical buying. I gather he did not hear about the record Indian and Chinese buying....as well as central banks like Korea adding more.More great words from Jeff the anal-ist. A shame today that NED SCHMIDT"S SELL SILVER and BUY RHODIUM and DONUTS got a real ENEMA.
@george - "What is the purpose." Indeed! If we could discover the answer to this question we might all make money.
georgesilver & dasPro....all good things come in time...patience. We had a great day.DOW = -633 -5.5%S&P = -80 -6.5%GOLD = +$53 +3.2%SILVER +$.64 +1.7%Hey...when the Dow gets globbered 5.5% and silver is up 1.7%...that's a great day. You have to look at the positives.HERE IS MY FAVORITE TICKER:RHODIUM = -$110 or -5.68%NED SCHMIDT...eat your heart out..
I don't think this is the big one, this smacks of bankers, this is the prelude to QE3 and a shit ton of money printing. Gold is at $1700 because they know the printing presses are getting lubed up for hyperspeed.
@georgesilver : "Gold hits a record high and Silver gets taken down. I thought the whole point of keeping Silver down was to control the price of Gold. " It is, but I think the paper short position has gotten way out of control - probably billions of oz short - which can never be delivered. If silver starts rising above 42 (and later 50), we'll see massive short covering take place - and the market goes out of control.Don't kid yourself, the dow dropping from 12K to 10K is only a 20% correction. If we see short covering happen, then we're looking at silver several multiples of it's current price. ....
I would happy to report on TK since I own more of it than anyone including SGS. Can you say Blue Sky!
For tomorrow, don't forget Peter Schiff's tip:If you notice gold suddenly spiking higher, Bernanke must be speaking somewhere.
@Everyone, please reply. I would appreciate it.I am streaming live footage from London, and they are interviewing these people who all keep saying "Why aren't we being protected? Where are the police?" For all that they are criticized for, at least the people of the United States are self-reliant in a lot of ways. If you were in Texas, and you tried to burn down someone's business, you'd catch two to the chest. No ifs, ands or buts. You'd be dead.I live in Canada, on Vancouver Island, and I just did my firearms course. My Glock 17 arrives today. I will defend my property and family with my life. I don't expect anyone else to do it for me. It is time that people realize that in this day and age, we're on our own. Help your neighbors and help yourselves. Do you agree?
Greece bans short selling.http://www.bloomberg.com/news/2011-08-08/european-regulators-won-t-follow-greece-s-ban-on-short-selling.html
just say thank you to the assholes that control the price of silver and buy physical on dips..save it for a rainy day...as the storm clouds are gathering on the horizon...
@IslandStyle:How long did it take to process the paperwork after your courses? I've just sent an inquiry into a training place in Cloverdale, I need to do both the PAL and restricted courses.http://firearmsafetytrainingcourse.com/index.htmHow much was the cost for the Glock? I've been procrastinating and now things are heating up. any advice you have on acquiring a handgun would be appreciated. I'm feeling the urgency now.
Question: I have access to some retirement funds through self directed investments. Although I cannot withdraw to buy "the stuff that goes * CLINK *' I would like to invest in Silver... something-or-other.I think I am looking at silver certificates? Anyone have experienced or opinions regarding which certificates? to buy?
thanks again SGS.stay focused. stay funny. stay accurate. stay healthy.thats to SGS and anyone else reading.
daspro, Yes you can buy what goes clink. Split your IRA and place into Sterling Trust. Part of your IRA for trading stocks the other for the phyzz. Then buy though Fidelitrade allocated gold in your IRA name... The silver is pooled at the Comex but the gold is locked in Fidelitrades safe in your IRA name. The best bro. Way cheap to allocate only 100$ a year.
@Got It Right,> I would happy to report on TK since I own more of it than anyone including SGS. Can you say Blue Sky!Can you explain what you mean by "Blue Sky" - especially on a day it dropped by 17%?
just walked past the bullion exchange in vancouver. the line up was out the fucking door, 30 people long...i didnt stop long enough to see what people were doing there... probably selling their gold... "cus fox news sayd it was tha highest ever eh??"
oh my god, the nightly news is doing gold pawn stories all night, and fast eddy is on it, he already makes 5 grand a day in profit, wtf I wish I was is that business, i own a landscaping company. There are only 3 gold buying shops and 5 or 10 jewelry stores that do it on the side too in my city of 65,000 wealthy people. they make sooo much bank right now. I'm putting my $175 a day in pay directly into silver at least.
@ Dave in BCYou will need to do the unrestricted course first. This is done at your local gun range. Cost is $100, and it takes about 2 weeks. Usually 12 hours total spread over 4 classes of 3 hours each. Once you do the unrestricted, if you want to get your restricted, it is another $50, and it takes about 4 hours. After that, fill out your forms and mail them in. Send them by courier if you want them to get there faster. There is a minimum wait time of 28 days, so the RCMP can call your references and make sure you're not crazy. Once they mail you your PAL, you're set. You just need to get a range membership and start buying guns. There is a 72 hour wait from when you buy a gun until when you can pick it up. I bought my Glock from Police Ordinance in Markham, Ontario. It's a good compact handgun that is very reliable. If you have the cash, you can get a Sig P226, which is incredible. The S&W MP9 is another nice handgun, my Dad has one. And don't forget to buy a case of ammo. I've got 1000 rounds of 9mm to pick up today.I did my course in Nanaimo, and there are plenty of courses offered in the metro Vancouver area.
SGS, that bastard Brian from the Silver Chronicle is back. Can you please ban his IP.
I cant. New site will eliminate these plugs.
"There is a 72 hour wait from when you buy a gun until when you can pick it up. I bought my Glock from Police Ordinance in Markham, Ontario."I bought without a membership. And I have it sent straight to my house. I use www.wolverinesupplies.com
Reefman, today's drop means nothing unless of course you are selling.It also has nothing to do with the drill results or fundamentals. Both of which are very very good. 2 bucks this year and lots of blue sky after that.
@IslandStyleThanks, the place I linked seems to do each course in 1 day, more expensive than what you quoted but if it's faster I'll pay.I was thinking a .45 ACP, simple and reliable. Will look at the others you mentioned and thanks for the link SGS.
@Jasper - thanx! re: ho to buy "stuff that goes CLINK"I am sitting in Canada and would love to get some input on what other Canadians are buying with their locked in funds, in lieu of physical in-hand.Anyone buying off shore interests in Silver?
I took the course at the Kitchener Gun Shop. I still have to send off my paperwork for the license.
@SGS. How have you found Wolverine's prices?@ Dave in BC. After taxes and shipping, my Glock came out to $660 CAD. Not bad at all. .45 ACP is a decent round if you have to put someone down, but they're expensive compared to 9mm. Much slower too. If you want the best of both worlds, pick up a Glock 22 chambered in .40S&W calibre.Don't forget your tactical shotty too.
"Gold will be taken from the sheeple; although Satan's metal, silver will be safe."http://www.henrymakow.com/satanist_insider-now_is_the_time.htmlThere you have it straight from the Satanic Insider. I equate JPM with ultimate evil, so I believe this guy in that respect...lol. I don't buy the confiscation aspect though. Sure, they can declare gold illegal again but impossible to enforce in reality at this point. Fool me once, shame on me, fool me twice, shame on you.
Just got this from IBTo ECBOT,GLOBEX,NYMEX traders:Mon Aug 8 19:24:01 2011 ESTPlease be advised that due to recent market volatility, the Chicago Mercantile Exchange Inc. (CME), Clearing House Risk Management Staff will be modifying performance bond (margin) requirements for foreign currency futures, effective Tuesday, August 9. Please note that higher requirements are already in place for some of these contracts, notably RUR and BRE futures. Please refer to the link below for further information.www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chady11-270.pdf
@Malcolm: does this person really think silver is going to be $20,000 by 12/31/12? It most likely won't even get to $200 by then, but I'd love to be wrong!!
@Ledbedder,I saw that, 5 oz of Aq to equal 100,000! I fucking wish. Must be a type o, I have seen figures like 500 ozs to buy a average US house, but not 5 ozs. :( Even in the best case scenario at 100:1, Ag goes to 400, 400 X 5 oz= 2000.
RIOTS IN LONDON.... CRAZY!http://www.bbc.co.uk/news/uk-england-london-14450248
The London riots are done by rabble-rousers. YOu can tell because they are burning businesses in a residential area. If they were burning banks then I wouldn't be so angry, but they are destroying the hand that feeds them - the small business!
Video of burnings in London:http://www.youtube.com/watch?v=gDgxEYTQk50
reefman,I agree with your feelings on the riots in London. It's unfortunate what's happening in Tottenham*; It is the hood, and these people are merely uneducated, misguided, and angry.Isn't that what the elite wanted to happen, anyhow? Uneducated people burning down their own neighborhoods, killing their own?Still shocks me that people against guns still exist after this whole debacle...
On vacation, missed the Bear 7 video, can't find on youtube. Would you please post a link? TIA.
sister, head over to the latest post by SGS.
WTF?!?!?! Gold just spanked $1740, and silver dropped!? Yet another smack down. Are they serious?? Silver is at $38.74. This blows my mind.QE3 coming tomorrow for sure now. Last ditch effort to keep this from going parabolic. This is like the friggin' Alamo. Someone, anyone, can I get an amen?