Tuesday, September 20, 2011

All Comods up but......

As of this morning we have many EU officials saying Greek default wont harm anything. Perfect, let it fail lets see what happens.

Futures up, check
Oil up, check
99% of commodities up, check

The only commodity (silver) thats still in the red - PRICELESS

Welcome to the big leagues where you have to run with cinder blocks attached to your feet!

We are looking for 200 "I hate Blythe's" today...

86 comments:

  1. so what's up with Silver? Is it going down big time before it launches? Should I buy now ot wait a week/month?

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  2. call me a fringe fanatic, but i am getting concerned that the mysterious Wynter Benton's statements about the EE need to get silver below $36 before Oct 5 is real.

    nuts, how silver isnt roaring in the past month.

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  3. what kind of handle is d1ddca74-5a4d-11e0-b2f2-000bcdca4d7a?

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  5. "All hands ready sir... all cannons are loaded with dry powder, and are ready to fire at your order."

    "Good... NOW BRING ME THE WENCH!"

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  6. "Once you have eliminated the impossible, whatever remains, however improbable, must be the truth."

    Lieutenant Spock, SS Enterprise

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  7. Higher lows since $39 ... looking for silver to break $39.75.

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  8. I already hold physical gold and silver, but for the moment.. I'm sticking with cash.

    I'm waiting to see what sh1t the market manipulators pull over the next month or two first before I see about piling into more silver bullion.

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  9. Comon! Mama needs a new pair of shoes!

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  10. OT- Great video coverage of "Days Of Rage" Occupy Wall St.(5:32), by TRNN, The Real News Network. www.therealnews.com

    http://tinyurl.com/3hh5kzb

    Please pass it on.
    Best,
    Bob Armstrong

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  11. This comment has been removed by the author.

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  12. Just look at that chart - exactly 24 hours ago to the minute they took down gold. And now 24 hours later to the minute it's screaming higher.

    Pardon my french but this is a really shitty "free market" we have.

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  13. I was thinking the same thing dlddca - eerie how it's playing out

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  14. ***whhhhhhiiiiiiiiirrrrrrrrrrrrrrrrr***

    there go the printers...

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  15. #reefman - speaks volumes as to where silver "wants" to be. Begs the question "Is that all you got? Succa!"

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  16. "Patience is a virtue."

    I used to believe that too. But when I began questioning all myths that are passed on to us as "truths," well, I questioned this one too.

    Today, I lean more toward this...

    Patience is a tool, not a virtue.

    Your mileage may vary!...

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  17. @highrise ***ring ring*** there is the debt collector asking for payment USD only
    since all the money "printed" is disbursed in loan form it all must be paid back and taken out of the assets it was piled into. The debt collector only takes payment in USD, nothing else

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  18. Silver now above $40...nice move. :)

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  19. can hardly wait to read the new sgs forums lol. my guess is 94% of threads made will be "should i buy now or wait"... if you cant do your own research and make the call yourself, this game isnt for you.

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  20. This might explain some of the crazy moves going on in the market, there is a rumor that Apple will be put into the S&P. A year or so ago there was a story that if Apple was in the S&P that the index would be 1,000 points higher. That is what is probably pushing the markets and these crazy high beta stocks. If that were to happen you would probably see a nice rally.

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  21. I have 3000 bushels of wheat i am going to sell. I think I will pay the storage fees and hold it till December or Jan. What do you guys think?

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  22. I read the comments and often wonder why people who are buying physical Silver wait for the "dips". I can understand it if you are trading paper.
    But paying a couple of Dollars more or less for physical? What does it matter?
    If physical Silver is eventually going to $500 just buy it when you have the money.
    You might be sitting with a pile of cash waiting for the "dip" and bingo! the next day Silver jumps to $75 and you've missed out.

    Don't sit with the Cash. Just buy the Stash.

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  23. georgesilver,

    I have similar feelings but I guess if you buy over 500 oz, I would wait for the dips!

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  24. Miners going absolutely bonkers! It looks like finally investors think that Gold is NOT in a bubble and its for real!!!

    http://www.google.com//finance?chdnp=1&chfdeh=0&chdet=1316548800000&chddm=1173&cmpto=INDEXNYSEGIS:HUI;NYSE:AEM;NYSE:CDE;NYSE:BVN;NYSE:EGO;NYSE:GFI;NYSE:GG;NYSE:HMY;NYSE:HL;NYSE:IAG;NYSE:KGC;NYSE:NEM;NASDAQ:GOLD;NYSE:AUY&cmptdms=0;0;0;0;0;0;0;0;0;0;0;0;0;0&q=INDEXNYSEGIS:HUI,NYSE:AEM,NYSE:CDE,NYSE:BVN,NYSE:EGO,NYSE:GFI,NYSE:GG,NYSE:HMY,NYSE:HL,NYSE:IAG,NYSE:KGC,NYSE:NEM,NASDAQ:GOLD,NYSE:AUY&ntsp=0

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  25. For all those following or not following the Wynter Benton drama, saga, story, fantasy heres the latest.

    Lates Wynter Benton
    Submitted by OC15 on September 20, 2011 - 11:56am.
    Hat Tip!
    2

    After Uncle Benny shocks and awe the world tomorrow with more than just Operation Twist, we will run silver to at least $47 (most likely by next week).

    It is well understood that Greece will default in an orderly manner as was reassured by G-Pap last Wednesday to Merk and Sarko. Now they are leaking the word out to prepare the world for the default. We KNEW ahead of time that G-Pap will tell Merko and Sarko last Wednesday that Greece will default, we just didnt realize those two @#$%s wouldnt tell the rest of the world till Uncle Benny got the swap lines in order. When Greece default, gold and silver will be the only true safe haven left.

    Unless Uncle Benny only do Operation Twist (and nothing else), silver will go on a run live it did from Nov 3 2010 to Nov 9 2010. AGQ went from an intraday low of 98 on Wed Nov 3 to an intraday high of 147 on Nov 9 2010. If Uncle Benny does what we expect tomorrow, AGQ will go above 300 by the first week of October and the derivative bomb will go off and the Morgue will be dead.

    The Morgue has been trying to ignite a waterfall decline in silver so it can reset the $36 level. As of tomorrow after Uncle Benny does his bit, it will be to late for the Morgue.

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  26. This should cheer up you days!

    $150 Silver Price Target: Don’t Miss Out On The Major Bull Run In Silver Prices (SLV, AGQ, GLD, ZSL, PSLV)

    Martin Hutchinson: Silver prices (NYSE:SLV) had an exciting run-up in the year ending in April – they almost tripled, briefly touching $50 an ounce before settling back down to the low $30s.

    Now, silver prices are back above $40 an ounce. That may have you feeling the urge to sell – but don’t.

    Resist the temptation to sell silver because this recovery is for real, and it has much further to go.

    In fact, I anticipate silver prices will peak at $150 an ounce within the next 12-18 months.

    The reason is simple: With central banks around the world pushing lax monetary policies, prices for all commodities – gold (NYSE:GLD) and silver in particular – will invariably rise.

    We’ve already seen this happen with gold hitting a record high $1,923.70 an ounce on Sept. 7. And when gold goes higher, silver quickly follows.

    That’s reflected in something called the “gold/silver ratio,” which shows how many ounces of silver it takes to buy one ounce of gold. Traditionally, this ratio acts as a price barometer for the two precious metals. And if you look at it right now, it’s easy to see that $150 silver isn’t far in the offing.

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  27. The Gold/Silver Ratio

    Gold and silver prices traditionally move together because both are considered stores of value in inflationary times. And while we think of gold as the premier store of value, remembering the 19th century gold standard, other societies – notably the Spanish empire in the Americas, Imperial China and Mogul India – used the silver standard and are hence more focused on silver when inflation threatens.

    In the 19th century and before, silver and gold prices maintained a fairly steady relationship to each other in a ratio of 16 to 1. Silver depreciated against gold in the 20th century. However, it also acquired industrial uses, which is something gold never did (the two metals are chemically very similar, but silver is much cheaper and hence more suitable for industrial uses).

    The gold/silver ratio briefly approached 16 to 1 in the 1980 precious metals bubble (silver peaked at $50 per ounce, gold at $875) but then fell back beyond 50 to 1, with gold trading around $250 an ounce in the late 1990s, while silver was below $5 an ounce.

    Gold was the first to take off after 2000. And by 2010, gold traded well above $1,000 an ounce while silver traded at $12-$14 an ounce – a ratio of close to 80 to 1. This was unsustainable, and it resulted in the price rise of 2010-11, which at its peak took silver to $50 an ounce and about a 30 to 1 ratio to the price of gold.

    Going forward, we cannot expect the gold/silver price ratio to reach 16 to 1, as it almost did in 1980.

    There are two reasons why.

    First, the use of silver as an industrial metal falls off sharply when the price spikes. That frees up silver supplies while investment demand for gold soars. With a more elastic supply, you would expect silver’s price peak to be dampened rather than exaggerated.

    The second reason is that the 1980 silver price spike was caused by the Hunt Brothers’ attempt to corner the silver market. No such attempt is visible today.

    So the peak ratio of silver to gold is much more likely to reach something closer to 25 to 1.

    The peak in gold is yet unknown, but for supply/demand reasons it seems likely to be above $2,500 an ounce – today’s equivalent of the 1980 peak, adjusted for inflation – but less than $5,000 an ounce – the 1980 peak adjusted for growth in world gross domestic product (GDP) or money supply.

    That would suggest a silver price peak between $100 and $200 per ounce, with $150 an ounce the most likely outcome.

    Ultimately, the market won’t turn bearish until global monetary policy tightens. In fact, it will probably be some months after policy is reversed before precious metals change course. That was the case in 1980, when peak prices for gold and silver lagged by more than three months Paul Volcker’s first decisive move to tighten money supply.

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  28. With the November 2012 U.S. Presidential election looming large on the horizon, we probably have at least another year of rising prices. However, we may not have as much as two years.

    So, all things considered, I’d keep any silver holdings at least until prices reached $150 an ounce.

    Actions to Take: Keep your silver holdings at least until the white metal reaches $150 an ounce. If you don’t already own silver here are a few ways to get in on the action.

    The simplest way to buy silver is the iShares Silver Trust (NYSE:SLV), an exchange-traded fund (ETF) that invests in bullion directly.

    Another way to play silver is through silver mining companies. These have lagged silver prices in the past year but can be expected to catch up as the earnings bonanza from higher prices manifests itself. You should look for companies that are increasing silver production and trading at a reasonable Price/Earnings (P/E) ratio.

    I like Pan American Silver Corp. (NASDAQ:PAAS) with a P/E ratio of 17.25.

    Hecla Mining Co. (NYSE:HL), which has a historic P/E ratio of 26 but a prospective P/E ratio of 12, is also attractive. So is Silver Standard Resources Inc. (Nasdaq:SSRI). Silver Standard has a historic P/E ratio of less than 5 and a prospective P/E ratio of 17, but that includes the profit from the sale of a mine, and rapidly expanding output as new mines open.

    On the other hand, I’m not so taken with Coeur d’Alene Mines Corp. (NYSE:CDE) whose largest mine is in Bolivia, not a country I trust.

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  29. I guess I could have left out that SLV recommendation, LOL.

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  30. This comment has been removed by the author.

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  31. The Data


    * Average loan in foreclosure is delinquent for a RECORD 600 days!
    * 1.9 million loans are at least 90 days late and are NOT currently in foreclosure. In fact, of those that are NOT in foreclosure, nearly 800,000 have not made a payment in more than a year. Again, these are people who are not even in the foreclosure process yet.
    * There are 300% more foreclosure filings than sales.
    * 4.1 million homes are more than 90 days late, this is 800% higher than before the housing crisis began.
    * 6.9 million loans are delinquent by 30 days or more.

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  32. malc,

    thanks for the gold/silver update. it's reassuring to read such material but anyone have any clues with the gold/silver ratio after the FOMC?

    i'm thinking that if they print & gold goes north, silver will go north but not AS much. so i'm hoping/guessing a higher than 45:1 ratio can pan out...

    any ideas?

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  33. malcolm: I would love to believe in this Wynter Benton thing, but if what they say is true, then JPM would just crash silver now below $36 and take the painful short squeeze later, rather than leaving it at 39/40 as it is now and accepting total annihilation. Therefore, I am skeptical.

    Does anyone know if there is any documentary evidence of this $36-based derivative situation they are supposedly in? It would explain the massive resistance around this level during March, and would also explain the desperate measures taken in May.

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  34. Paid,

    You know it frustrating, I read these fucking Elliott wavest and chartest and they all fall for the patterns produce by the EE. The never ever look at the fundos, even in the article I posted the author, is somewhat reserved in his estimate towards gold and silver prices.

    "The peak in gold is yet unknown, but for supply/demand reasons it seems likely to be above $2,500 an ounce – today’s equivalent of the 1980 peak, adjusted for inflation – but less than $5,000 an ounce – the 1980 peak adjusted for growth in world gross domestic product (GDP) or money supply.

    That would suggest a silver price peak between $100 and $200 per ounce, with $150 an ounce the most likely outcome."

    Unfortunate he doesn't take into account the future hyperinflation nor the fact that there are no substitutes for Ag in some MFG uses and with a declining base metal production, this will also create a shortage in Ag production, means less investment Ag available. And Au, I read everything from 5k to 20k. My opinion is I will hold my Au until it 1:1 with the Dow. Ag, I'm very serious about this nothing less that 500. for me, I know its rarer than gold!

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  35. @SolidGoldBubble,

    I'm a believer in that JPM has Ag derivatives against their stock, Max Keiser said it long ago. The proof would be a copy of the contract, which I doubt we will ever see. I mean in totality in does make sense, JPM largest Ag short holder, they are being sued, I mean the everything is there but the bloody knife.

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  36. Nor does he take into account that the U.S. has no gold or silver (other than that which is in the ground), negative real GDP, 10% real inflation, the entire world is printing U.S. dollars, etc., etc., etc.

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  37. Of course everything's up except one thing! Just more time to stack. Quality Silver Bullion.com has a limited selection but i picked up some of their civil war and divisible panner coins. Nice in person

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  38. Oh yeah, Ag is HELLA manipulated!!

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  39. @ felix:

    If Spock said that, he must've been reading his Sherlock Holmes.

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  40. Must read!

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/20_London_Trader_-_Massive_Physical_Floor_in_the_Gold_Market.html

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  41. Even with cinder blocks attached to my feet, I still have had a 250% increase since I began investing in silver 2 years ago.

    That's MUCH better than my company's shitty retirement plan that loses fiat every quarter.

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  42. TheEconomicCollapse,

    RIGHT ON! Looking for a 10 bagger!

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  43. malc,

    ahhhhh, the gold/silver ratio frustration!

    thanks for your input. i'mma see if i can see an answer with the ratios in a paper plane blue dream ride...

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  44. You people are a group of people chasing each other. The notion that the Federal Reserve is not aware of what is on JPMs book falls on it's face. Silver will rise because of supply and demand not because the Fed Chief says something that bankrupts them...as Wynter Benton seems to believe.

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  45. "Silver will rise because of supply and demand "

    I wish that was true, but it's not. If you simply look at over all money supply increase and the manipulation of Ag, the fare and honest price should be right now at 150.00 USD. So yes we are all chasing the future price, that should be the present price!

    The Comex has been settling in SLV shares and cash because they have no Ag, if they were to purchase Ag on the open market the price would sky rocket additionally they (JPM and others) are leveraged over 50 to 1, paper vs physical,in a fractional PM scheme that will end soon, that calculation alone puts the value of Ag at 200.00 USD.

    Yes, the FED and JPM are joined at the hip, and if JPM gets in real trouble they "will" be bailed out, but the Fed is really out of options all they can do is print, ie hyperinflate.

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  46. "Silver will rise because of supply and demand " hmmmm... Clearly TPTB have an iron grip (slowly slipping due to world fiat currency's collapse) on the price of Ag else we wouldn't see the she·nan·i·gans goings-on going on.

    Fk all banks, all financial inst., the US gov, and the FED.

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  47. In the not to distant future...

    http://oi54.tinypic.com/ra1eux.jpg

    (see image in new tab)

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  48. If you listen carefully you just might hear those jerk-offs at JPM yelling "FOR CRI%STs SAKE! GET THAT PRICE DOWN OR IT WILL BE YOUR ASS!"

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  49. If you look at the 5min chart of silver, notice all the down legs and how much longer they are than the up legs.

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  50. Morgan Stanley

    MS 15.11 -0.26%

    15.11
    -0.04 (-0.26%)

    1. Range 15.06 - 15.50
    2. 52 week 14.71 - 31.04

    Morgan Stanley Is Warning Of A 'POWERFULLY NEGATIVE REACTION' If FOMC Disappoints

    "As we head toward this week’s FOMC statement, investors are quite nervous and reluctant to be short, with many of their hedges taken off. Thus, if investors get hit with disappointing news over the next couple of days, we could see a powerfully negative reaction in the markets."

    LOL,I think them mean that if there is no QE3, we are finished!

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  51. SIZ11 has a gap to close at 39.163. Add to the fact silver couldn't hold on to its high (-45 cents or $2,250) with a down to neutral RSI, I say TPTB push it down at least until Uncle Benny lies to us all sometime tomorrow. SIZ currently at 39.935. To close the gap is at least a move of 77 cents ($3,850/contract)

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  52. @malcolm: that's what it seems like they are saying!

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  53. What the fuck happened to AGQ today, its supposed to be a double of the silver price!!!

    http://www.google.com//finance?chdnp=1&chfdeh=0&chdet=1316548908971&chddm=391&cmpto=NYSE:AGQ;NYSE:PSLV;NYSE:SLV&cmptdms=0;0;0&q=NYSE:AGQ,NYSE:PSLV,NYSE:SLV&ntsp=0

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  54. @malcolm: I am using the one day, 5 minute chart starting at the high of 40.315 and a low of 39.77. 50% retracement was 40.04 (actual swing high was 40.15) Take that high of 40.15 and low of 39.67 and the 50% was 39.91 (actual was 39.995). That little blue book works in all time frames, even in manipulated markets. You just got to practice so you then believe. If you would have only gotten half of each swing, that is $2,550 in less than 4 hours.

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  55. Is it possible that ESZ11 just sent a huge sell signal? Rallies all the way up to close the gap at 1211.75 on to drop basically after that. Folks, tomorrow could be very interesting. And had its 3rd hit on the traj. line.

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  56. @Ledbedder,

    I totally get the calculations and I have been observing but I guess the implementation is where I get lost. So you when you place your bid at the your calculated low and sell at the calculated high and you using only futures right not futures options?

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  57. Silver Priced in D-Marks during Weinmar Hyperinflation, Silver price is the number under the date, gold is the bigger number LOL

    Weimar Germany Gold & Silver Prices
    DATE
    SILVER
    GOLD
    Jan 1919
    12
    170
    May 1919
    17
    267
    Sept 1919
    31
    499
    Jan 1920
    84
    1,340
    May 1920
    60
    966
    Sept 1921
    80
    2,175
    Jan 1922
    249
    3,976
    May 1922
    375
    6,012
    Sept 1922
    1,899
    30,381
    Jan 1923
    23,277
    372,447
    May 1923
    44,397
    710,355
    June 5, 1923
    80,953
    1,295,256
    July 3, 1923
    207,239
    3,315,831
    Aug 7, 1923
    4,273,874
    68,382,000
    Sept 4, 1923
    16,839,937
    269,429,000
    Oct 2, 1923
    414,484,000
    6,631,749,000
    Oct 9, 1923
    1,554,309,000
    24,868,950,000
    Oct 16, 1923
    5,319,567,000
    84,969,072,000
    Oct 23, 1923
    7,253,460,000
    1,160,552,662,000
    Oct 30, 1923
    8,419,200,000
    1,347,070,000,000
    Nov 5, 1923
    54,375,000,000
    8,700,000,000,000
    Nov 13, 1923
    108,750,000,000
    17,400,000,000,000
    Nov 30, 1923
    543,750,000,000
    87,000,000,000,000


    http://thecomingdepression.blogspot.com/2010/06/price-of-silver-and-gold-in.html

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  58. Damn!

    Nov 30, 1923
    543,750,000,000
    87,000,000,000,000

    How much did a house cost in Germany in 1923?

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  59. 543 billion marks per ounce LOL Holy fuck, that was probably the cost of a loaf of bread, some cheese and a dozen eggs. Just think if had more than 2 ounces of Phyzz you were a Trillionaire

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  60. Im just wondering if PM appreciation out paced inflation!

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  61. @malcolm: let's go back a little further in the trading session. Go back to the low of 39.255. That swing took it up to 40.375, but then it went sideways for about an hour. But, before moving on, look how weak that bar looks, that should have sent your spidey senses tingling. And yes, maybe even have gotten short, but you know the whole 20/20 hindsight thing. Ok, after sideways, then tries a small rally up to 40.315, and that bar ends up being red. Next 5 minute bar, and there is no doubt, the swing down is on. Now, myself, I would have been going back and forth between the 1, 3 and 5 minute bar. But, lets just stick to the 5 minute. Very conservatively, you could have gotten short at 40.09. OK, so now you're in. Now, you quickly calculate where the 50% mark is. Which, in this case is either 39.82 or 39.79. It went to 39.77..you got out with a $1,500 profit. You can do this all day long in any commodity/future or stock. I promise you. BUT, always ALWAYS go with the overall trend (using daily charts). You don't need to "force" and trade with all the choices out there. I know I just contradicted myself, but if you've never done this, then "the trend is your friend"

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  62. Wonder how many instant millionaires were made that bought puts in NFLX?

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  63. @Ledbedder,

    I follow and this is one a single futures contract right?

    And Amazon! LOL

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  64. BBL,

    For a Corrupt and Decadent Congress…

    by Rick Ackerman on September 20, 2011 10:39 pm GMT · 0 comments

    When we talk about how our Government is corrupt and decadent to the core, it is items like the following in particular that raise our ire. I received this as an e-mail with the suggestion that I recirculate it to 20 others. I’ll recommend that you do so by copy-and-pasting it to friends. Here’s the message:

    Now there are 3 ways to take the Hidden Pivot Seminar.
    $50 early-bird discount extended through 9/23. Use coupon: 7D5629

    “No one has been able to explain to me why young men and women who serve in the U.S. military for 20 years, risking their lives protecting freedom, only get 50% of their pay while politicians who hold their political positions in the safe confines of the Capitol, protected by these same men and women, receive full-pay benefits after serving just one term.
    “It just does not make any sense.
    “From Fox News on Monday, we also learned that the staffers of Congressional family members are exempt from having to pay back student loans. This will get national attention if other news networks broadcast it. When you add this to the facts noted below, you wonder where it will all stop. Thirty-five states have filed lawsuits against the Federal Government for imposing various, unlawful burdens upon them. It only takes 38 states to convene a Constitutional Convention. This will take less than a minute to read. If you agree, please pass it on. This is an idea that we should address. For too long we have been too complacent about the workings of Congress. Many citizens had no idea that members of Congress could retire with the same pay after only one term, that they specifically exempted themselves from many of the laws they have passed (such as being exempt from any fear of prosecution for sexual harassment) while ordinary citizens must live under those laws.
    “The latest is to exempt themselves from the Healthcare Reform… in all of its forms. Somehow, that doesn’t seem logical. We do not have an elite that are above the law. I truly don’t care if they are Democrat, Republican, Independent or whatever; their self-serving ways must stop. If each person who receives this message forwards it to 20 others, most Americans will see it within three days. This is one proposal that should be circulated: a 28th Amendment to the United States Constitution, written as follows: ”Congress shall make no law that applies to the citizens of the United States that does not apply equally to the Senators and/or Representatives; and, Congress shall make no law that applies to the Senators and/or Representatives that does not apply equally to the citizens of the United States.”

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  65. @malcom... glad you posted that long one earlier, cuz obviously nobody had gone to my blog to see it Fri.

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  66. @Ledbedder - Ok, I got the calcualations, low / high / and 50% retrace. And, I followed your progress on the SIZ11 chart. Stooopid question: How do you know where "start" and "end" are located?

    I am ass-u-me-ing that the "end" is where the price changes direction? Yes?

    Soooo... where do you "start" i.e. How did you know to watch the chart from 39.255? 39.255 looked like a bottom? Do you wait for extremes?

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  67. @PaidInGold - To answer the question you left on my blog...

    "Is it gonna hit higher than 45? That is my #1 concern."

    The Ratio or the Price? If its ratio, yes. It could, but technically speaking, thats a good thing. It means the economy is getting better and your dollar's buying power has been restored... somewhat.

    If its price. Yes, most likely. But look at it this way. Do you REALLY want the price of silver to go higher? Sure.. it means that the silver is worth more fiat, but as silver does get higher, the fiat becomes less powerful in terms of buying power. When gold spikes $50-$100 in a day or two, sure it looks nice, but realize, its doing that because the world is fucked. All a higher price of silver and gold will really indicate, is just how close we actually are to collapse. Remember, you are not holding phyzzz to turn a profit. You are holding it so while everyone else dishes out $20k for a loaf of bread, they only require an ounce from you for the same item. In truth, the higher these metals go, the more likely it is that the world economy will crumble, and we will be left to pick it all back up, as we always have.

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  68. cant wait till the real site for tomorrow !!!!!!! cant wait to ditch this shit blogger site!!!

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  69. 868 and counting!!! Never discredit the JP Morg's greed!

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  70. Lets get SGS over 1000 "I Hate Blythe" today.

    @Paid- Check out the chart on my blog...it will give you an idea of where the Gold/Silver ratio is headed.

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  71. This comment has been removed by the author.

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  72. Quoting my father... and its worked for me for the past year.

    "If I were to buy more, I'd be buying both at this stage. In terms of how I'd split the
    purchase, I'd base it on the Gold/Silver ratio as follows:

    50+ - 0% Gold,100% Silver
    45 to 41 - 10% Gold, 90% Silver
    35 to 31 - 20% Gold, 80% Silver
    30 to 26 - 50% Gold, 50% Silver
    25 to 21 - 80% Gold, 20% Silver
    20 and below - Buy 100% Gold (lock in the real value), sell Silver (get out before sanity returns!)

    The Gold/Silver ratio will continue to go down as long as the Dollar Index continues to fall. Gold is responding very honestly to inflation, Silver is out pacing inflation for the simple reason that more people can afford it (Indians
    and Chinese are favoring Silver in increasing numbers!. I think both metals could go nuts (upwards) in terms of Dollars, but if the Dollar stabilizes and recovers somewhat Silver could drop really fast(down 30-50%)while Gold will hold steady (0-10% loss).

    The Gold/Silver ratio will eventually settle out somewhere between 25 and 35. Historically it's never been below about 15, but remember that it was around 70 just in the last year (and could go there again if somehow the dollar becomes strong again).

    Make it a habit, right now, to watch the Dollar Index. If it falls below 70 (and continues downward), I think there will be world wide panic. I also think even the most ignorant of our fellow citizens will suddenly "wake up" to the reality that we ain't in Kansas (or even the USA) anymore."

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  73. @felix:

    19.11.1923
    1 cigarette == 50.000.000.000 Mark

    source:
    http://www.kollektives-gedaechtnis.de/texte/weimar/ohe/inflation1923.htm (german)

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  74. I hear Direxion will list Lube Bears Ultra 3X ETF in time for the Bernak's announcement tomorrow.

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  75. Hey SGS,
    You dipping your toes into SVM? It sure looks like a layup, but what do they say, "if it looks to good to be true..."

    Tinka, I'm still waiting for the "show me the money" moment.

    All in all, the PM's are disappointing the momo crowd, which to my mind, is the perfect setup for a stage 2 rocket-like kick to the upside.

    Did you short NFLX? I thought about it last week, but didn't pull the trigger. Damn, a lot of fiat would have come my way if I did.

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  76. Ever met a central banker that told the truth?

    Greek default my ass. Those who bet on a bailout there with borrowed money deserve to be wiped out.

    Hell. In the US just in the last three months M2 has grown by $546 billion dollars... and the market is still pretending as if Bernanke isn't already aboard the QE3 sipping cocktails.

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  77. Screw'em...today I purchased another South African Kuger & 3 more 10oz bars of phyzz.

    Can't convert my dollars fast enough...let them print.

    I should probably do my tax return sometime soon (originally filed for extension but it's due Oct 15th)

    Man, I hate the government.

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  78. kind of ran some rough numbers and it looks like in Jan 1923 1oz of gold would have gotten you about 1500 loaves of bread and in Nov 1923 1oz would have gotten you only about 500. 1oz of silver would have gotten you 92 loaves in Jan 1923 but only 2!!! in Nov. 1923. So gold held its value more but inflation outpace any PM appreciation.

    Currently
    1oz gold will get you about 600 loaves of bread and 1oz of silver 13 at a cost of $3/loaf

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  79. highrise408,

    I didnt know you had a blog!

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  80. @Malcom - It's cool bro. No worries. Now you know. Its garbage, but Im always posting shit I dont see here... so check it every once in a while, but by no means is it a substitution for the euphoric effects of SGS.

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  81. 1000 I hate Blythe's!!! Lets do 10,000 Tomorrow.

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