Monday, August 29, 2011

CEO's of Silver Miners saying, "We will squeeze you like lemons"

It seems that our belief that we are getting rammed raw dawg/no lube from powers that are just unknown in the silver arena are starting to be noticed from interesting people, perhaps everyday CEO's, that just want to mine some metal right?

I alerted my readers last week that a company called SilverCorp has just figured out they are being fucked in more ways than one, but mainly from ass-pirates or short sellers if you will. I quote, "The Company is purchasing its own shares because it believes that prevailing market conditions have resulted in Silvercorp's shares being undervalued relative to the immediate and long term value of Silvercorp's portfolio of producing and development properties in China and Canada. The Company notes that the short interest position in its common shares has climbed from 3.6 million as of July 29, 2011 settlement date to 9.6 million as of August 15, 2011 settlement date, the most recent date for which short interest data is known by the Company. Under the existing NCIB the Company intends to acquire up to 10 million common shares. All common shares purchased under the NCIB will be cancelled. "

Now why would short sellers want to short this stock when silver bullion prices are very strong and while gold was going parabolic? Huummmmm maybe there is something wrong with the company? Nope. Everything has checked out just perfectly fucking fine especially when these motherfuckers have figured out how to mine silver as a byproduct for free. HUmmmmm...Click here for SVM...

Then I stumbled on today's news, in which another, normal, non-tinfoil-zerohedge-silverbugcrazy company- namely that of the entire Pan American Silver Corporation have said the EXACT SAME THING. I quote, "Pan American is undertaking the Bid because, in the opinion of its board of directors, the market price of its common shares, from time to time, may not fully reflect the underlying value of its mining operations, properties and future growth prospects. The Company believes that in such circumstances, the outstanding common shares represent an appealing investment for Pan American since a portion of the Company's excess cash generated on an annual basis can be invested for an attractive risk adjusted return on capital through the Bid." Click here for PAAS...

HUmmmmm....

I'm no fucking Einstein, but it looks like the large Silver Miners are about to cut out the Short Selling manipulating homotrons, in a very very short period of time. This is very encouraging to silver longs as it represents a non-conspiratory side to the argument. Take all us cooks out, and you are still left with the CEO's of the corporations yelling, "You want to play that game? Fine. We will eat up all the shares until we squeeze you slapdicks like fresh juicy lemons"

The writing is on the wall folks, its only a matter of time before this manipulated paper game comes to a screeching fucking halt. And when it does whether it be tomorrow or 10 years from now, you better be ready.

Still working on the new site. Ready very soon.

Oh I almost forgot, Looking for a NR from Tinka 2nd week September. Shhhhhhhhhhh. Drills have been turning up some goodies I hear.

75 comments:

  1. I'm really surprised the media hasn't picked up on this. Not because of "government toeline", but the media always loves a good war.

    And this is a war between mining companies and short-seller. Should be very interesting to watch, even to those who don't follow the market often.

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  2. It wasn't so long ago that miners used to openly short the price because they wanted to hedge themselves. What goes around comes around I guess.

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  3. Is it of concern then that JP Morgan is the number one share holder of "Alcyone" a silver mine here is Australia.

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  4. Unless all the miners are still hedged, they should be stockpiling cash or paying down debt with bullion at these prices. Buying ones stock back with that cash sounds like a good investment at this point. It will be fun to watch!

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  5. Is there a way to know if there is naked shorting on a stock? Remember how Lehman brothers saw massive naked shorting which exceeded the total shares available. Of course this is not to be confused with normal shorting, which requires the seller to find the shares to short from an existing long. Has anyone noticed the very high option premium for SVM? Lots of new puts have been purchased recently, pushing the premiums upwards.

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  6. SGS

    Food for thought. I can't recall the Perth mint putting a buy limit on a bullion grade coin before.

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  7. this is one awesome rant, the guy is a genius in his own right but I have some issues with him, he thinks germany got to moon in the 40s etc...

    http://www.youtube.com/watch?v=pj9hugGB_dY&feature=related

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  8. "Food for thought. I can't recall the Perth mint putting a buy limit on a bullion grade coin before. "

    My dealer cannot order any dragons. Confirmed today. Last time they ordered they had 5% of rabbit circulation. These guys know whats up. I hope wrong (not really)

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  9. Stopped at a coin shop in Madison, Wisconsin today which I never do. Just wanted to see what goes on. There was a line in this relatively small place of about 20 people with mostly gold jewelry and one woman with a bag of silver coins while the guy was testing the gold jewelry with his pencil/digital tester and some sort of scratch tester and solutions. I watched him tell one woman he wasn't interested in her 14kt gold ring and handed it back to her. She then handed him a 24kt ring and he tapped out on his calculator and offered here $120 for it. She took it.

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  10. Don't forget our friends next to China...

    http://www.bloomberg.com/news/2011-08-30/gold-sales-may-rise-25-during-indian-festival-season-help-extend-rally.html

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  11. @The Weather Unit. I know the saying, "A fool and his money are soon parted." But this We Buy Gold crap is in every ghetto around metro ATL. These are sheeple (dumb as they are) trying to make their house payments or rent. They are being duped by people looking to victimize someone. I guess the coin-clippers haven't learned anything in the 2000 years since Christ turned over their tables.

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  12. Even though I'm not a trader, I do learn things following this Intelligent group of people.. I don't know how much Silver per person, one will need to make it through this mess when the SHTF ! I'm working on collecting my sixth monster box. I'm long on Ammo, Guns, Food,medical supplies, I'm sixteen feet from water, but have to drive a well.. Have all the parts though.. And I'm beginning to look like a pack rat !

    Half the time, I don't know what the hell your talking about, but it's nice to know there are Sane people out there.. I have never had a Sheeps Mentality in my life.. And I don't understand them..
    I'm a Master Tech at Cars,Boats and Jet skis.. Master at HVAC as well. So my mind is more Gear, Electrical, computer orientated.. Kind of a jack of all trades though.. Can pretty much do anything with my hands.. Love to wood carve as well..

    I have my own shop, but it hasn't been doing very well for several years.. The funny thing is the water side of my business has been the best, and I live in Kansas..lol I read a lot of your guys post, and sometimes, it's like I know you..lol

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  13. Funny guy, long live free speech and all the associated spittle!

    frame it this way.. in the sci method (remember this?):

    H(o) Null Hypothesis: The price of silver reflects the net pricing of pure supply and demand characteristics via a market-clearing mechanism that is devoid of rule-bending, insider information and manipulation.

    H(a) Alternate hypothesis: The silver market pricing mechanism is not fully transparent and is susceptible to rule-bending, manipulation, insider information and other forces that are not related to supply and demand.

    In order to reject the alternate and accept the null, we have to disqualify all evidence in support of the alternate.

    etc etc

    So, the burden is upon deniers of manipulation to show how the present market is completely above-board, and free from mischief, insider info, and other acts that seek to influence price separate from pure supply and demand.

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  14. Silver Update-

    http://www.youtube.com/watch?v=0EW7rwHPb84

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  15. why would a miner want to hold cash. Wouldnt they be better off to hold product...as it increases in value, good, and holding it off the market has other virtues as well. Should start paying dividends in silver, wouldnt that fuck over the shorts?

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  16. Hey SGS, Led, MikeS:

    Can you recommend any company whose fundamentals are shit that has rebounded nicely from recent lows? I believe that the market is not low enough for a public QE3 announcement and that accumulating options is a nice play for the next 2 months.

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  17. @Johan: if you give me some charts to look at, I can give an opinion. Other that, I really don't look at stocks.

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  18. Just like savvy traders have figured out that you can't compete against math Phd's and their algos, mining companies will figure out that criminal zio mafia short positions are being initiated against their shares. Besides buy backs, restricted placement might offer protection. If a company issued restricted stock exclusively, sort of like a hedge fund locks up investors for an agreed duration, true investors might surface. This would offer equity holders some degree of protection from this tribe of criminal scumbags that operate with the full protection of Uncle Sam. You can always tell who the shills are because they will deny any short selling conspiracy exists. Even Sinclair acknowledges his stock is being fucked with.

    http://www.sec.gov/investor/pubs/rule144.htm

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  19. New Gold (NGD) and Osisko Mining (OSK) have are the 4th and 6th largest short positions on the TSX as of Aug 15th. NGD has almost 10% short, while it is making all time highs and it increased by 6.5M in the last two weeks.

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  20. Here is the link to the latest report

    http://www.tmx.com/en/pdf/short_positions/Aug15-2011.pdf

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  21. i1 said...
    Just like savvy traders have figured out that you can't compete against math Phd's and their algos,


    If you're saying that algos can pick turns faster, then, yes, I must agree. But how many PHD's trade for a living? I have met plenty of "degreed" men that couldn't find both of their balls with 2 hands.

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  22. I bought a couple of lemon juicers today. Good call SGS SVM is up by more than 6%

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  23. This comment has been removed by the author.

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  24. Nice early info on the Silvercorp share buyback, SGS. Up 7% and counting today. Miners are making the gambling account look good today!

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  25. This comment has been removed by the author.

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  26. WTF!?!?!?!? Holy shit that's a raid!

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  27. Feds May Confiscate Privately Held Gold and Silver Coins:


    August 30, 2011

    Coin World reports that the feds are looking to seize liberty dollars from collectors and those using the coins instead of inflation-ridden Federal Reserve notes.

    more;


    http://www.prisonplanet.com/feds-may-confiscate-privately-held-gold-and-silver-coins.html



    Please let me know what your interpretation of this shit is. I have always been leery of this taking place.

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  28. Oh yeah short squeeze - lovin that shit

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  29. I have just watched the latest BrotherJohnF video and he along with the SilverShield keep on and on and on about the fact that you should hold Silver in your hand. Not have any paper. Well if that is the case then you will not own your house, mining companies, car and investment shares because all of this is legally yours because of a piece of paper.
    That keep on about this because they say that when the Dollar collapses everything will be worthless. This is unbelievable scare tactics.
    If you have shares in a major company then you will still have shares in that company whatever happens to the Dollar. If you have bullion in a vault you will still have bullion in a vault.
    Sometimes I think these people talk out of their back-sides because it sounds so much better.

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  30. Re my above comment.
    I would like to reply to these guys but to do so you must have a Youtube or Google account which must be verified by an SMS message. I have cancelled these accounts because no way am I going to give them my mobile number. I like to remain anonymous from Big Brother

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  31. Led-

    These guys:

    http://careers.jpmorgan.com/student/jpmorgan/careers/us/fulltime/phd/quant

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  32. georgesilver: I don't care whether I own my property legally because I own it lawfully. :-) Try and take it.

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  33. georgersilver,

    Bix Wier has issued the same warnings. I tend to think they are all talking about the ETF GLD and SLV, but Bix says, stocks too.

    Look there are financial advisers that recommend 10 to 20% in gold and silver assets, which I have never really understood. If your holding PHYZZ over 50% and are in stocks for leverage then dont worry, you have more insurance that most.

    But, I would rather follow ppl like Sprott, Chapman, Embrys, Rogers, ect.., than new comers or Johnny come latelies on Youtube!

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  34. They even say that you cannot rely on Sprott, Goldmoney or BullionVault because you do not have the Silver in your hand. I say this is scare tactics to the extreme.

    What they do not understand is that if there is a sudden rush to sell Gold and Silver the last people to be able to sell will be the people who have coins in their hand as they will be at the back of the queue.

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  35. @goboy

    It's PrisonPlanet, nuff said.

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  36. sgs, just received email from us mint...2011 unc eagles, not proofs..6 t fucking dollars each...

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  37. @MarkyX

    Does this make you feel better;


    http://www.coinworld.com/articles/liberty-dollars-may-be-subject-to-seizure/

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  38. I am so fucking fed up with the government running my life. I moved to NH a year ago, and in NH, you need to get a state inspection on your vehicle every year. My Wife's minivan failed inspection today because her brake pads are "too low". Now, I grew up in an auto shop that my Dad owned and which remains in the family after 50 years, and I did thousands of brake jobs in my youth, enough to know that my Wife's minivan has probably somewhere between 5 and 10K miles left before the sensors start to squeal. But, some douche bag government bureaucrat in some office somewhere who probably can't fill his own gas tank has picked a random thickness that is something other than when the pads are actually worn out. So now, even though the existing pads would easily last my wife another year, I need to put new brakes on because some government cocksucker whom I will never meet deems it so. So, as grown man, I now have the gov't telling me how much water I can use to flush my toilet, and when to change my brake pads. Dicks!!!!

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  40. Led - so the most recent leg up on sugar was 2721 on Aug 16 to a high of 3184 on 24th. Using your fib retracements, the 61.8% would be back to 2898.

    The retracement on 26th was actually to a low of 2893 and a close of 2895. Minor pullback not quite to that level a couple of days later and now its risen again slightly. So this is following the plan and is a solid buy, yes? i'm not asking for specific action, just demonstrating that people do in fact read your posts and wondering if/how you'd enter this particular trade?

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  41. Here is something so look at regarding the Virginia Quake last week... a little off topic, but there is always more than one side of a circle jerk.

    http://beforeitsnews.com/story/1007/616/Washington_Quake_Was_Nuclear_Explosion.html

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  42. It's about the time the miners started protecting themselves.

    --

    Please accept my sincerest apologies for my comment earlier. If you have received it via email subscription, please note that I have deleted it.

    Zerohedge have dealt with it already:

    http://www.zerohedge.com/article/quick-note-internet-hoax-stories

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  43. BTW... I just bought a few of the Liberty Dollars off eBay... lets see how long it takes for the SS to show up at my door. Seriously... I really did, I dont give a fuck no more. They wanna come pound on my door, fine... I pound back.

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  44. @Anthemius: This is what I am using for SBH12. Low of 25.38 on 8/8. High of 30.60 on 8/24. Drew a traj. line (using intraday lows) starting with low on 5/17 to low of 8/8.

    The 38.2% was 28.61
    50% 27.99
    61.8% 27.37

    The 38.2 & 50 have already been hit. What I would ultimately like to see 27.37 get hit. If it takes several days, that should be at the slope of the traj. line as well. The past 3 days have had intraday highs of: 29.36, 29.30 and then today of 29.35. Some people refer to that as a ceiling. When that occurs, the market usually takes a rest. Long term, the trend is up. And, yes we're very close to a safe buy point. Now, if it has a solid close above 29.36, say, 29.5-29.7, then I would have to say it is not (for now) going to the 61.8 or traj. line. The next few days should give us a clearer picture.

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  45. @ highrise, I have 1 silver liberty dollar that I bought at a coin shop a couple of years ago for less than $20. I really had no idea what it was when I bought it. Maybe I should sell it on ebay. Going to see what they are going for.

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  46. @Tom H - Upwards of $60-$90 on eBay. If I were you, I'd go bury that thing til this blows over. It could be worth thousands once we abolish the FED.

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  47. oops, I just got it out, it says $10 on it but it is 1 oz.

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  48. @Weather Unit - Fuck off. I fucking hate you. Fuck your life and everyone in it. You are a worthless fleshbag. Dont ever quote my shit again you son of a bitch. I still got your address, and will post it every day you continue to comment on this blog. So go ahead, respond to this. There are a lot of people here that would LOVE to come visit you.

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  49. @highrise, I can't find them on ebay did you buy them all? How much did you pay?

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  50. oops, didn't see your post, thanks

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  51. @Tom H- Search "NORFED" on ebay... and BOOM!

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  52. Weather Unit
    505 Breezy Point Dr.
    Pardeeville, WI USA 53954

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  53. To all of you guys & gals with some deep pockets that want as close to a lock trade as you can get. Look at HOF12, that is Jan 2012 heating oil. I say this for a couple of reasons (1) winter time is fast approaching (2) cut through the traj. line easily (today) (3) gap at 3.4054 and I have saved the best for last....The week of 4/8 recorded (so far) the yearly high @3.33. In the records I have, I have the highs & lows for HO going back to 1979. HO HAS NEVER RECORDED A YEARLY HIGH IN APRIL! So, what I am saying is HOF12 is going to break 3.33 by years end. Currently, a 3.33 call is going for $5,355. A 3.34 call is going for $5,224.80. You read it here first!

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  54. "You are a worthless fleshbag."

    That is so true actually. In my flesh dwelleth no good thing.

    You actually know something---wow!

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  55. You know its getting bad when there are 8+ bids on a nasty lookin 14k gold dental crown...

    http://www.ebay.com/itm/2-GRAMS-SCRAP-DENTAL-GOLD-NR-/110734360325?pt=LH_DefaultDomain_0&hash=item19c8483f05

    Wow.

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  56. @highrise408: you seem like you're the king of ebay. Didn't you get that great deal on Mexican silver awhile back? Yes, that crown looks like it needs dipped in some rubbing alcohol.

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  57. @MarkyX: Question, do you ever listen to Alex's show? If so, what has he gotten so wrong? Also, the first sentence in the Prison Planet article sited Coin World...are they nuts too?

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  58. Wonder where SGS is... he didnt post all day.

    Hope you are alright.

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  59. Where's SGS? Who's turn was it to watch him today? Did Irene get him?

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  60. Georgesilver, it's not scare tactics if there is actually something to be scared about. The collapse of the dollar is a very real possibility, to say the least. It's probably more accurate to call it inevitable. Our fiat system REQUIRES us to go further and further into debt to prevent a collapse. If you're unclear on this, I suggest watching the Mike Maloney video, and Chris Martenson's Crash Course (pasted below). The problem comes when our foreign lenders are unable, or unwilling, to lend us more money because it leaves us with only two alternatives: print it ourselves; or default. Historically, politicians have usually chosen to print, which leads to a downward spiral of hyperinflation and the destruction of the currency. When the dollar collapses, if you own stocks denominated in dollars, it's not that you won't own those stocks anymore, you will, but they will be worth pennies on the dollar (depending on how far the system devolves before everything is revalued in the next currency, which will most likely be backed by a certain percentage of gold). Think of money representing energy. Whatever people buy gets inflated with energy and goes up in value. Whatever people sell gets deflated with energy and loses value. So when everyone starts to wake up to what's happening they will sell paper and buy the physical. They will follow the people who understand the game and got there first. So if you put your money into physical gold before the masses catch on, your investment will appreciate in value and then you will be able to buy exponentially more shares of stock when everything is revalued with a new currency.

    As for precious metal ETF's, do you actually believe they have the metal to back all those shares? It's right in the contract that they can settle for cash if they want to. So, if we go the route of hyperinflation, what do you think they will choose, even IF they have the metal, which they do not. Do you not see a pattern of more and more big money people taking physical possession of the metal? As this continues to happen there will come a time when there won't be ANY deliveries because the banks will know the end is near and they'll want to retain as much metal as they can for themselves. My guess is it will happen next year sometime, at least, I hope so because I'm still trying to make leveraged profits in paper to turn into more metal, but it's risky. The next big margin selloff, which will probably happen soon, I might buy a few option contracts to roll for as long as possible and trade everything else in for physical. I'm mulling it over.

    Mike Maloney:
    http://www.youtube.com/watch?v=tj2s6vzErqY

    Crash Course:
    http://www.chrismartenson.com/crashcourse/chapter-1-three-beliefs

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  61. GLD & SLV, there's some fucking confiscation for ya'...

    So, the men in black are going to be going door to door rooting-out people's coins? Get a fucking grip.

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  62. @goboy9 ignore MarkyX. I used to listen to Alex on KLBJ in Austin the the mid 90's for entertainment. I'm not laughing anymore. Way too many of his predictions and observations have come true. Way too many.

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  63. @Jeff, excellent summary. My only question is where do you stand on the possibility of confiscation? TIA.

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  65. I'm kind of scared of our government, so I always took all my silver with me, everywhere I went.. I had it in the back of my truck, and I forgot to put the tail gate up, and I stepped on the gas way to hard, and it all slid out ! Damn !!! I'm so Stupid!

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  67. @agthug -

    has ANYONE read the fucking article??? I am really concerned that the brown shirts are ready to make moves against people who own PM's. Please, if you haven't already, read the article and let me know what your gut says... AND EVERYONE ELSE POSTING HERE ON SGS SHOULD READ THIS TOO, IT CONCERNS US ALL:

    http://www.coinworld.com/articles/liberty-dollars-may-be-subject-to-seizure/

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