Anybody think JPM will attempt to buy BAC? Jamie says he won't stop building banks regardless of if the dow is down 500 or not... why not just buy a bigger customer base? Perhaps it was JPM who put the major short down (57k 4$ Nov11 puts)?
Jeff Flock from CME group, was on Fox biz. Discussing how gold investors are starting to demand phyz. Stating many investors are demanding to hold the gold, no longer trusting the etf's. Tinfoil hats must be in style now.
Been debating buy some more silver, before it hurts even more. My guess is that all the weak hands have been shaken out and this time it will be different. But I no longer underestimate the power of the cartel. The house always wins, unless the house gets caught cheating. Then the house gets buried.
The problem for the cartel is each time they pull some shenanigans and shake out some weak hands the ones that remain get stronger and the base for silver gets higher.
I forget who said once we get to $100 silver and $3,000 gold the game is over. At this point we are at 100% cash for contracts. There are no more margin hike stunts. Naked shorting stunts are over because when we get to Randy Moss territory "straight cash homey" people want the phyzz. There is no amount of paper wealth that will satisfy. This part of the game doesn't last long because there isn't enough phyzz to satisfy all these people. Authorities step in, there is one final settlement for gold contracts and it ceases to trade as a commodity on any exchange.
LOL, I just looked at Zerohedge and we posted similar things, lol love it.
ReplyDeleteBAC needs to 'aim for the bushes' http://www.youtube.com/watch?v=BmQjVxd-pMs
ReplyDeleteLOL
here comes the raid!!
ReplyDelete@ Gator
ReplyDeleteI came here to post the same thing. Gotta love "normal" market behavior. Nothing new here. Silver drops 2% in a few minutes. Gold doesn't move.
bye bye boa?
ReplyDeleteon a different note:
what the hell is silver doing today?
Silver miners going bezerko vs silver!
ReplyDeleteminers suck big donkey dick. Never seen anything like this.
ReplyDeleteSSO (Silver Standard) is up 8.4%.
ReplyDeleteSLW (Silver Wheaton) is up 4.86%.
Those are my two best performing stocks this year.
My AGQ is up 18% since I bought it last week (Aug 16th). I'm pretty happy with that one!
Anybody think JPM will attempt to buy BAC? Jamie says he won't stop building banks regardless of if the dow is down 500 or not... why not just buy a bigger customer base? Perhaps it was JPM who put the major short down (57k 4$ Nov11 puts)?
ReplyDeleteFor all the Canadians out there...this week the major banks are giving out their quarterly earnings.
ReplyDeleteWhat's the CDS on gold these days? How's the trend? Oh yeah, THERE IS NONE!
ReplyDeleteFuck the MSM. Buy PMs and vote Ron Paul.
CDS on gold. Yeah that makes me smile. :-) I wonder what the CDS price is on Hugo's gold delivery? Yeah I'm still smiling..... :-). thanks David!
ReplyDeleteJeff Flock from CME group, was on Fox biz. Discussing how gold investors are starting to demand phyz. Stating many investors are demanding to hold the gold, no longer trusting the etf's. Tinfoil hats must be in style now.
ReplyDeleteBeen debating buy some more silver, before it hurts even more. My guess is that all the weak hands have been shaken out and this time it will be different. But I no longer underestimate the power of the cartel. The house always wins, unless the house gets caught cheating. Then the house gets buried.
The problem for the cartel is each time they pull some shenanigans and shake out some weak hands the ones that remain get stronger and the base for silver gets higher.
ReplyDeletePeter Schiff just gave his outllook on silver:
ReplyDeleteHigher Silver Price Expectations
I forget who said once we get to $100 silver and $3,000 gold the game is over. At this point we are at 100% cash for contracts. There are no more margin hike stunts. Naked shorting stunts are over because when we get to Randy Moss territory "straight cash homey" people want the phyzz. There is no amount of paper wealth that will satisfy. This part of the game doesn't last long because there isn't enough phyzz to satisfy all these people. Authorities step in, there is one final settlement for gold contracts and it ceases to trade as a commodity on any exchange.
ReplyDeletewtf just happened to goldman? Flat all day then crashes 6% out of nowhere
ReplyDeletehttp://www.google.co.uk/finance?q=NYSE:GS
wow on GS.... that is strange. bet the selloff will continue tomorrow morning when something gets made public.
ReplyDeleteexplained: http://www.zerohedge.com/news/news-blankfein-hires-prominent-defense-attorney-send-gs-stock-tumbling-gold-futures-soaring-ove
ReplyDeleteWhen in doubt as to why something is happening, wait 5 minutes and refresh ZeroHedge
Rome, is fucking burning!
ReplyDeleteBAC, now GS!
Yikes, are they really going after GS, this is the best shit ever!!!!
Now, were is the JPM prosecutor? His paper work must be stuck at the Post Office.
Geronimo!!!
ReplyDelete