Thursday, September 22, 2011

Here we go....

I have limited time so I'll lay it out in point form:

1. Morgan Stan is going to need a bailout soon (confirmed by JPM inside)

2. Silver is down the most overnight out of ALL comods(shocking)

3. We need Gold to hold 1650

4. Start protecting yourself for the worst kind of scenario for equities

5. I told you this would happen if he didnt print, they need a catastrophic selloff to print more and its here, trust me

6. I am expecting a 2008 crash type of scenario (for equities)

7. Gold and Silver will hold up the best, but will be pounded nonetheless because of the paper game, and watch out if Paulson has to sell his GLD

8. I give this 6 weeks before the printing presses ramp up another $1 trillion

9. Survive October, and you may find yourself buying the PM rally you bought at a manufactured get out of JP short beatdown. The printing presses will arrive shortly. No way out now. Take away the crack, and you have a dried up stinky crack head convulsing on the ground (the market).

10. Welcome to the paper game. Smile. Its not the end of the world....or is it...?

I will keep up to date via Twittter today.

139 comments:

  1. EVERYTHING IS ON SALE!!! YAY!!!

    Just another chance to load up on some more Phyzz. Can't get enough of the shiny stuff.

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  2. Come on $36 and $1600!

    The $US is now on fire, as I knew it would. USA! USA! USA! LOL, fuck me.

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  3. Here comes the sale we have all been waiting for.

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  4. @SGS

    So if you don't mind me asking (I will ask anyway LOL pardon me), what are you doing with your "all-in" silver from last week?

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  5. Gold is UP in most currencies overnight (if not all currencies, except USD).

    That is why Gold is golden. Silver is just being silver.

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  6. JPM down to 29.74 in pre-market trading. This means 0 is only 29.74 away. How is that TA for you?

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  7. wynter benton validated ? we are at 37.35 right now, just a few more points from that 36 level she spoke about...

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  8. So Ledbetter, coinciding with SGS's warning to survive October, we have my Patriots traveling to Heinz Field on Sunday 10/30. That should be an "EPIC" weekend for both of us. You better be on the blog with me during that game unless you have tickets. And if you have tickets, you better fucking invite me! My prediction, Silver at 48, Patriots 48(Silver) Pitt 0 (JPM). LMAO

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  9. I think the mysterious WB said that silver had to stay below $36 or derivitive time bomb goes off if AG over $36 for 60 trading days straight.
    How many more fucking contracts did JPM short on silver again this fucking morning. The obviously orchestrated blood bath started when the cocksmoker Brits opened up the LBMA this morning.

    AC_Doctor

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  10. Irony? Look at the target!

    http://stockcharts.com/def/servlet/SC.pnf?chart=$SILVER,PLUADANRBO[PA][D][F1!3!.5!!2!20]&pref=G

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  11. @Tom H: I am already putting that game in the "L" column for the black & gold.

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  12. This is pretty tough to watch. My AGQ is down about 13% in pre-market.

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  13. Led, I guess I am not so quick to dismiss this one. Steelers at home is no walk in the park as long as Ben doesn't rape anyone and get suspended between now and then. I know week 1 was tough for you, but you shutout Seattle week 2 and have shitty Indy this week. 2-1 after week 3 and the wheels are back on your wagon. Pick up your bootstraps brother!

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  14. The rumor about Silver needing to be below 36 by the end of September or else risk a JPM derivative implosion may hold water. NEVER underestimate the power of the EE. I'm a buyer near $36

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  15. SGS and Garry Lindsay...I just started following you both on Twitter. Please follow back. Garry...I think you have to approve my request.

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  16. Need some advice here. Would it be recommended to sell half of my positions in TKRFF, GPL, PNPFF, and my other mining stocks until this sell of is over? I don't really want to lose a boat load in my equities just because I'm too stubborn to sell.

    Thanks in advance.

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  17. So how low do you think silver go during this repeat '08 style crash? Is the best move to sell now and hold out a few months, then buy back in at... $20/oz? $10/oz?

    Sheesh, just a couple of weeks ago all the gold and silver bugs were saying BTFD! Buy Buy Buy! Now it's the end of the PMs world...? Thoughts anyone?

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  18. Dr. Nick, If silver goes to 20 or 10 there will be none left to buy.

    Why is it that when a paper stock crashes, people want to hold it until it comes back, but when physical hits a dip, everyone panics and wants to sell?

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  19. Dr.NickRiviera,

    Keep in mind that when you compare the price of gold / silver measured in the price of the DOW you can see that we are doing very will during this sell-off.

    Remember a few days ago I said that gold going to the moon might mean gold at $800 and DOW at $600?

    The lower the line, the more purchasing power the metal has.

    $DOW:$GOLD

    $DOW:$SILVER

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  20. I shuda bot more silver bear...

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  21. Look at today's candle in the DOW compared to silver. (lower = silver has more purchasing power):

    We had a very good bounce of the 50 moving average. Silver is INCREASING in purchasing power.

    One month: DOW:SILVER

    I'd rather own silver than a paper federal reserve note.

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  22. Wow, could all this be to bail out JPM from their silver shorts? I can think of no other reason for Benny to tank the market, but I think Benny just screwed up and got timid. Now he looks like a complete moron even to the establishment. This is a mess, luckily I bailed from my futs yesterday after the announcement, but my SLW and SVM are getting smoked. Benny you dumb ass. This is going to cost you more, and make you look like a fool.

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  23. @Ledbedder!!!! Thanx for your analysis! My Sprott Silver Trust are taking a hit. However, my HZD I hedge is helping.

    Any bets that silver will drop below $36? Looks like there might be support at $34 - sheesh!

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  24. Holy crap everything is on sale!

    and I do mean everything!

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  25. Funny to see Silver (everything) costing more in CND $$$ today! bizarro world!

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  26. @reefman "Remember a few days ago I said that gold going to the moon might mean gold at $800 and DOW at $600?"

    But if you bought gold at 1800 and you knock $1000 per ounce off the value of your PM stash over the next few months, how is this more purchasing power than selling it now at 1750 and having over double the fiat notes when the DOW hits $600?

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  27. Latest "gift of protection" from IB...


    Margin Increase on Low Cap Securities


    As a follow-up to a communication issued last Friday, please note that we will be implementing a change to our margin policy whereby stocks which report a market capitalization below USD 250 million, or equivalent, will no longer be considered marginable and therefore will have no loan value. This change is intended to recognize the well-known risks of micro and small cap stock which, relative to larger cap stocks, tend to be more volatile and less liquid, particularly in periods of elevated volatility. At this point, the policy will exclude certain classes of securities such as preferred stocks, ETFs and closed end funds, although individual issues within those classes may already be subject to house margin requirements for other cause and those margin rates will not change.

    The table below includes a list of securities which you hold that will be subject to this change. Please note, that in an effort to provide sufficient time for you to take the actions necessary to ensure margin compliance, we have extended the time line for implementation of these margin changes as follows:

    Close of Business
    Effective Date Margin Rate
    2011/09/21 35%
    2011/09/23 50%
    2011/09/28 75%
    2011/09/30 100%

    Exchange Stock Description
    AMEX QRM QUEST RARE MINERALS LTD


    If you contemplate new purchases of a stock with a capitalization of USD $250 million or less, please review the below link to determine whether it is scheduled for the margin increases.

    Low Cap Stocks Subject to Limited Marginability

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  28. Gold Silver Ratio is at 47:1

    Fucking Incredible!!!!!

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  29. amazon 230 put october strike, fuck, it almost doubled up the last 4 days...

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  30. @Dr.NickRiviera,

    In that scenario it would be better to have the cash. Gold to the moon, cash to pluto. SELL! SELL! SELL! SELL! :)

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  31. They need the dollar to rally. If the dollar rallies we get deflation. Deflation means the fed can come in and cause inflation. Then no one will argue with them.

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  32. Laugh of the day, Netflix is up, hahaha!

    http://www.google.com/finance?q=NASDAQ:NFLX

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  33. Zerohedge outline why Morgan Stanley is in the shitter

    http://www.zerohedge.com/news/morgan-stanleys-exposure-french-banks-60-greater-its-market-cap-and-more-half-its-book-value

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  34. This is why we hedge folks. If you are suffering today in eqiuties because you were one sided, I dont feel sorry for you, you were gambling.

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  35. @paid - 47/1 f'n incredible! time to buy???

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  36. @felix - i dunno wtf to do either. i was about to go all in at 45.3:1 but now it's 46.8:1.

    seeing a 2~2.5 pt jump in the ratio... dunno what to do! wait till 50 or what?????

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  37. Today is a good day to be a contrarian. Silver has hit the long term trendline. Buy PHYZZ if you have the powder, IMHO.

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  38. As best as I can discern, "Operation Twist" is not a QE per se. It is a swap of bonds for Treasuries. The banks get bubkis, hence the massive market drops yesterday afternoon and as of 6 minutes ago the Dow was down 300 additional points. Coupled with the Moody's downgrading of Bank of America, Citi Corp, and Wells Fargo, as well as the S&P downgrade of one of Italy's major banks, it looks like Ben Bernake and his FMOC Clowns (three votes to two against QE) chose option 1: destroy the banks and the markets. The only strength on the markets is the USD - which is just saying investors are picking the fastest horse in the glue factory.

    An additional point: A central bank implements quantitative easing by purchasing financial assets from banks and other private sector businesses with new electronically created money. This action increases the excess reserves of the banks, and also raises the prices of the financial assets bought, which lowers their yield.
    Hands down, Operation Twist is not in any way shape or form Quantitative Easing of any kind. It is an artificial means to suppress the "interest rate" and "stave off inflation", which we all know is a joke.

    As of this very moment all markets in the US are down approximately 3% from yesterdays 2.5 or greater percentage drops. The reason paper gold and silver shares are dropping, IMO, is banks liquidating their holdings to create capital. This drop is, at best, temporary in the metals market. Buy the dips! Stack that physical wealth!

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  39. I think this will be less severe than 08'. The S&P could just undergo an ABC correction without even breaching the lows of 2010. Forget what they say publicly, the ESF is printing like crazy behind the scenes. An equity sell off is needed for cover. Low PE energy stocks will be on sale in October. Their strategy seems to be to mash oil down along with pm's. Hang on tight and don't listen to their bullshit about deflation. My gold buys three times as much milk as it did four years ago.

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  40. This sums it all up -- The Circle Jerks > When the shit hits the fan: http://www.youtube.com/watch?v=zyvMdqvH2zg

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  41. @ Rich

    Thanks, that would explain Silvermex's plunge into the abyss today.....

    Bastard Interactive Broker.... seriously bunch of useless plague-infested self-proclaimed finance gods. Thats fine, they probably just don't want people loading up on the volatility that is coming... wouldn't want the serf to make more fiat than allowed, now would you.

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  42. P.S. -- Today's market action -- Objective, force people into US Treasury bonds at absurdly low rates.

    Like the thieving salesman says....

    If there is not a market, create it. If the demand isn't there, make it so.....

    US 10-Yr... Yield = ~1.7-1.8%
    Government Reported Inflation: 3.6%
    Shadowstats Inflation: 10-15%

    Hmmm......
    Yep everything seems right here. Excuse me while I go liquidate everything and go into bonds to protect myself from everything!

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  43. How can dealers afford to sell their phyzz at these prices?

    We have had too many months where they have been buying stock at prices much higher!

    Premiums must have to goto the moon? Or dealers will just stop selling!

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  44. Schiff just said "Bas Ackwards" on air!

    I just spit out my cereal!

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  45. Most dealers hedge their stock with the futs

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  46. Today is one giant "fuckjob" candle

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  47. ARGH.

    Pulled the trigger at 39.90 on Tuesday thinking the Chairsatan would print. Ah well, phyzz is phyzz.

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  48. SVM.to is a quarter above the US version.

    le why ?

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  49. @paid - i have silver phz and trust which i am not selling (?) I want to buy more trust as there is little premium (I think).

    I am also hedging with HZD (?) I don't think we have seen the floor as yet.

    @Ledbedder - u think this is close to floor for silver???

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  50. Weather: doing a shit ton better than all that paper you hold. Moron.
    When you have paper "wealth" you have nothing.
    When you have gold and silver in hand, you have REAL wealth. The fundamentals do not change, a manipulated spot price is a joke. Decouple your brain from paper "wealth" and realize the basic fundamental truth of "physical" and all is right in the world. Spot price is just a market saying this is what it'll cost you to own an ounce of real money. Markets, like your intelligence, are a figment of a shared imaginary game. We all pretend that markets have value, just like you pretend you are smart.

    The biggest thing you have is your ego and it is way overdue for a popping. To sum it all up, better have your bullets, beans, and bandaids set, because all the paper in the world will not get you anything but a clean ass when you shit, after this Ponzi is done unwinding.

    As Charlie Sheen said (and the one thing that he ever said with any lasting value): "Turning dollars into toilet paper...WINNING!"

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  51. If you have any brains of your own you won't buy any silver between $30 and $50---at all!

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  52. Hey News Unit..shouldnt you be talking to Jesus or something?

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  53. Come on everybody let's do the twist!

    http://www.youtube.com/watch?v=DZAtzcthSxM

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  54. Is the Weather Unit really bashing physical?

    I thought he was an idiot but he is really taking this to the next level.

    Silver between $30-$50? Thats quite a range. Are you suggesting that physical silver will be under $30, and for long periods of time? Maybe you should stop drinking all the flouridated water, your brain seems to be suffering.

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  55. As of today...and understanding it is just today, and things can change tomorrow, treasury bonds were the place to be. People talking gold and silver were wrong in the short run...as in a couple years...which isn't that short. What they seem to missed was deflation was first followed by the inflation...hold silver, but to think the sucker can't go to 22 again is crazy if we get a world wide meltdown. The dollar while shitty as can be has everyone on the planet earth trapped in dollars, hence the move you see, and why treasuries have been the best asset class, NOT gold and silver. Gary A Schilling was right believe it or not. Tomorrow is a new day.

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  56. What I should do is act like I'm on the right side of all these trades eh? No--I won't do that. I'll take my licks too. But I won't disclose any of my positions whether long or short. But I will be honest in my current sentiment which has not necessarily turned "bearish" but "cautious".

    What's wrong with not buying PHYZZ between $30 and $50? I think it's a wise decision.

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  57. DO NOT FEED THE TROLLS!!!!!

    After this sell off the PMs will rebound! Trust me, the market is having knee jerk reactions! I give it 3 days tops!

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  58. Hey Weather Unit:

    I was going to buy silver, but then I got high
    I was going to buy gold too, but then I got high
    Now I'm bashing the metals, and I know why - because I got high, because I got high, because I got high

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  59. Go relax by the river here and think of Dr. Sprott:
    http://www.seussville.com/

    See Sprott Run!

    None of you had anything to say about Sprott. I'm surprised--well maybe not actually.

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  60. @felix: will assess before re-open at 6 PM

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  61. Gator, Most likely it's because of the Canadian dollar being weaker today against the US Dollar.

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  62. @the weathered unit

    You mean I should have owned stock instead?
    like fedex who made positive earnings and was down by 10%? or maybe netflix which was down 50% over the last few months. Or I should just stuff money under my bed?

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  63. When REAL GOLD FEVER hits, it will be 100% about FEAR, contrary to the belief by many PM market investors (particularly those that finally entered on the HUI breakout last week) that it will be about GREED. That not-so-subtle issue will be the most important difference, among many others, between the 1970s and today. Back then, the economy was troubled, but widespread fear of a global collapse was not an issue, nor was viability of the dollar, pound, or yen. Today, the ENTIRE GLOBAL FINANCIAL SYSTEM will collapse, engendering the END of the 40-year dollar-based fiat currency system. People will be buying GOLD and SILVER to PROTECT THEMSELVES FROM RUIN, NOT to make a “profitable investment.” GOLD and SILVER are MONEY, and before long billions of people worldwide will learn this the hard way.

    Now, back to today specifically.

    Superficially, the crash in gold and silver prices started EXACTLY, TO THE MINUTE, at 8:20 AM EST when the COMEX opened, a typical Cartel tactic to inspire fear among gold traders and investors, particularly, in this case, to get them to think “oh no, this is 2008 again.” Of course, that notion is silly, as both gold and silver are near all-time highs, and both ROCKETED HIGHER in August due to the EXACT SAME BROAD MARKET FACTORS! Worldwide recognition of GOLD and SILVER as CURRENCIES has exploded in the past three years, and BOTH have reached ALL-TIME HIGHS against essentially EVERY MAJOR WORLD CURRENCY.
    But aside from the typical Cartel manipulation, which has reached SPIRITUAL levels in its quest to put off commencement of the END GAME GOLD EXPLOSION, I believe a number of European Central banks are leasing PHYSICAL gold into the market to pay off debts, particularly those to creditors (i.e. the Chinese) who WILL NO LONGER take Euros or dollars for payment. No way they would actually SELL the gold and report it to the IMF, as the citizens of those nations (France? Italy? Greece?) would probably lynch them if they found out. So lease it they are, putting further pressure on gold and silver prices this morning. Combine this with Cartel NAKED SHORT SELLING of PAPER gold and silver (COMEX FUTURES, GLD/SLV), and of course terrified traders who are long such PAPER garbage, and you get a major sell-off.

    However, I ASSURE YOU that FAR LESS PHYSICAL gold and silver has been sold than the prices imply, and that EVERY SINGLE OUNCE is being gobbled up by FEARFUL investors worldwide, from individuals to institutions to Central Banks themselves, PARTICULARLY those of China, India, Russia, and the Middle East.

    If you own PHYSICAL gold and silver, your brokerage account and bank statement is unchanged today, but ANYTHING else is plummeting, which is why only PHYSICAL gold and silver can save you in these darkest of times. PAPER forms of gold and silver, such as the closed-end funds CEF, GTU, SVRZF, PHYS, and PSLV will eventually be big winners, but only if your brokerage account survives to withstand the 2012-13 ECONOMIC TSUNAMI. As will selected PM mining stocks, once the FEAR subsides and calm is restored. However, WHEN will that occur? And until then, are you PROTECTED?

    PHYSICAL gold and silver, FOOD, ENERGY, and OTHER ITEMS OF REAL VALUE are the only items that matter during an economic collapse, and the current situation will historically be remembered as the MOST CATASTROPHIC ECONOMIC EVENT OF ALL TIME!

    PROTECT YOURSELF NOW, AND I MEAN TODAY, AS WASHINGTON, WALL STREET, LONDON, AND THE EVIL POWER CENTERS OF THE WORLD WILL NOT BE ABLE TO STOP THE DAM FROM COMPLETELY AND UTTERLY S

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  64. I would BTFD but the PM dealers' algorithms are designed to minimize losses during huge dips. Spot might be $36 but bars/rounds are only 50 cents below the price as they were when silver was hanging around $40-$41.

    Not much of a discount, but I will keep my eyes on it throughout the day.

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  65. Sorry that was from Ranting Andy!

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  66. 70 comments on this post today,,........ but every single one of you was giving me shit the past two weeks when i was trying wholeheartedly to warn you and giving you theories straight from the guru's mouths predicting this.

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  67. "Here we go..." was CORRECT!

    SGS if you know what I know.....hang on...

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  68. sale at 36? coulda got it at 31 not long ago? pretty funny hearing all the alibis, esp. after every expert in the world said SEPT. was gonna be glorious for the metals....

    "nobody knows nothing" william goldman

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  69. Expect 900 S&P 500 then decide what you want to do....developing...

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  70. damn....I just took a flyer at some SLW calls..they were 50% off so WTF

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  71. Silver about to blast $36. Are you buying this dip yet?

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  72. OK all you geniuses. Mark down this post. Silver will print under $36 tomorrow during the Comex Session or in the Access Market tonight and then hold below during tomorrows open and then we are off to the races. Don't believe me or call me a Fucktard but next week you will come back here and I will be vindicated.

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  73. Shoulda bought that 36.10 offer, but hesitated...oh well. I am inclined to wait and pick some spots in the physical market for now.

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  74. SEPERATING THE MEN FROM THE BOYZ

    I stopped forecasting short term moves in anything a while ago. It is a complete waste of time when the FED, TREASURY and ALGO's control the flow of the market.

    Anyone who thinks this will be a replay of 2008, are taking the CENTRAL BANK PLAYBOOK....Hook, Line and Sinker.

    The world is fleeing the EURO and heading into the DOLLAR. Both are on the Titanic. The front the ship is sinking into the ocean (EURO) and the back of the ship (Dollar) is being pushed higher. The frantic passengers are moving from the front to the back in a panic not to perish.

    Little do they know they only have a short while to live.

    Again...moves in gold and silver will be the least of ones worries when Bank Holidays, Food Shortages, Riots and Mayhem takes over the country.

    REPEAT: The Financial System died in 2008. That was STAGE 1 of the collapse. We are new entering STAGE 2 or the Commercial Collapse. There is no money printing or bailing out that will save the system for a few more years this time.

    Go to a movie....eat at your favorite restaurant and visit retai stores and take pictures...so you can remember how good it was before the BIG COLLAPSE changes the world forever.

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  75. The only thing being vaporized today is the equity accounts of those that dont hold PM's. The correction, sell off, manipulation of PM's, Ag in particular due to JPM's derivative contract doesnt bother me a bit. You dont buy PM's especally Ag in "this" turmoil with knowing that there are no strait lines, and those with power relinquish it rarely and usually with a fight!

    So, enough with the Monday morning quarter backing. If you hold phyzz, your hold phyzz, nothing has changed, the only thing that has changed is some people with axes to grind and weak egos fell a necessity to what, keep you from protecting yourself, prove they are right? Whats the point, Im buying today are you?

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  76. wtf are you all talking about, every bank in the world bought commodities and assets on borrowed money and now they have no interbank lending so are selling in order to have cash to pay their loans if their earnings aren't that good. its a classic deflation selloff, that is just barely perceptibly beginning in the scheme of things

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  77. you guys are so thick and stubborn It's amazing someone got thru to you all to get you to buy phyzz at all. Have an open mind here, you cannot fight the paper markets. silver is going way way down for a while, if you have a job, you will have a buying opportunity.

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  78. Commodity World News: How low will it go?

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  79. CWN...I'll bet you one silver Eagle that we see $40+ before $34.

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  80. anybody having issues with twitter? got locked out of my account it looks like.

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  81. There are 2 bids that support the market, Shorts and Longs. Todays action is very obvious, the longs are scrambling to raise cash and therefore do not represent a bid and JPM is trying to escape from a Derivative WMD and needs a 36 print. What you are seeing is a NO bid situation! Once Jamie escapes (presumably during tomorrow's Comex session) JPM will be free to represent a bid and the market will find support. Only time will tell how long before the long side of the market returns to the bid but if nothing else, JPM's need to cover shorts will support Silver in the short term.

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  82. SRSrocco, I love that imagery of people running to the front of the titanic, that is spot on. I think we all know that the PM thesis is not going away, and that this is yet another opportunity to pick them up at a cheaper price. It's all a matter of timing. Usually a move of this magnitude does not resolve itself in one day, but very likely some time in the next few weeks we will hit a bottom. That being said, are you wrong to start picking a little here? I don't think so.

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  83. THE WEATHER UNIT has MORE THAN had his share of posts especially since he isn't adding anything constructive. Doesn't everyone else this so too?? Very annoying...

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  84. Silver sales don't come as often as they used to, so its blue light special day. I am just trying to figure out when I should buy. I almost did a little earlier, but it appears to be dropping again. When are you guys BTFD? Today? Tonight? Tomorrow?

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  85. Since the CFTC meeting to set position limits was postponed until Oct 4, I suspecty silver might be on sale until then. I think they are giving the bankers a little more time to shake out weak hands so they can cover shorts at a lower price. Just my opinion.

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  86. Silver moving toward $35 nicely now. It really gets diving faster now doesn't it?

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  87. there are no bids. it doesn't take a wizard.

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  88. eyes on BAC @ 6.01 if you want to see some cliff-edge action.

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  89. Once this DOW hits 500 points off it's going into freefall mode. And who thinks that gold and silver will hold up is a fool.
    You might as well set your sights on $1500 gold and $34 silver in the short term. After that you better hope they hold above $1000 and $25 respectively.

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  90. 84b9e920-32e4-11e0-a88b-000bcdcb5194,

    JPM derivatives, Ag need to be under 36.00. The contract is written so that if Ag is above 36.00 for 60 days, they pay such and such. They have so many naked contracts, they can never cover!

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  91. The few people that are making prediction on where prices are going, will you have the fucking balls & quit saying some "source" you have said so. At least I put my balls out there...giving numbers, where to connect the lines, etc. Are you here to help people or just say: "see I told you so"? I actually wrote down some brief comments in case they get "removed by author". I'm not 100%, but I erase stupid non market shit. All of my market predictions stay up.

    @felix: I'm going to give you what I can by the time I log off for the night. At least you'll know where I stand, and I'm not standing behind someone or being vague. I will put it on whatever thread is the newest.

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  92. Hey WU,
    Let's go to the cliff and look!
    You look first.

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  93. I am in with fills below 35.80... we shall see. Picked up some SLW at 34.87, what a riot.

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  94. Dennis: I'd be hedged with a parachute or hand-glider. Cliff wouldn't scare me at all.

    Remember I'm one of those guys always on the right side of the trade too--I told you so. :-)

    You know how to thank me on The News UNIT.

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  95. @Malcolm - that's got to be crap, since it's been 60 days - unless you mean trading days.

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  96. SLV had a massive 2.3 mil volume spike in red just as it passed the $35 Rubicon relative to $36 silver. Wonder why that would have happened????

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  97. If I told you my source you wouldnt believe me so lets just watch and see. Im either a complete fucking tool or I'm right. Time will tell.

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  98. yawn...no panic here. Just paper moves. We're dealing with a fractional reserve precious metals model...somewhere between 10-100 times the amount of physical. Once that fraud goes mainstream the jig is up.

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  99. @IM: ok, I don't need to know the name, can you at least tell us why? Wave, Fib., trendlines, hell, even psychic would be better than nothing.

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  100. @ingots Master,

    That sounds like the most logical explanation of what is happening in the Ag market!

    Thanks.

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  101. Ahh, nice quick EOTD score.Think I'll celebrate with a nice juicy steak tonight.

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  102. Malcolms post was accurate, its all about an OTC derivative that represents WMD for JPM. Jamie needs 1 Comex close <36. Did you read my earlier post?

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  103. @felix: I've done some calculations. I have three things saying that the bottom should be between $33.40 to $33.75. The absolute wipeout point would be a CLOSE below $32.35. I do not forsee that happening. SIZ11 currently at $35.94. Hell, one more plunge, and it will hit my target area. I do think it will be a violent spike down, and a huge rally off that bottom. Just remember, gaps get closed. Sorry, decided to not make it a long drawn out explanation as tomorrow, this could be in the rearview mirror.

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  104. @Thor
    My guess would be stops run.

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  105. Just bought another 10 oz. silver bar and 1oz gold maple. Wish I had more cash!!! Damn.

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  106. Commodity World and Weather UNIT - Your silver shorts will hurt like hell few days from now.

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  107. Also, sold all my SDS @ 25.97 and recouped every penny from the retarded positive reaction at Jackson Hole.

    Ready to plot the next moves in peace.

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  108. WU
    As suggested above, " all in" is the only thanks you will see from me on your little site girl.
    That should pop your chute.

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  109. @Malcolm and @ingots Master - Well, then, whoever stands to miss that payment better get to buying! They've only got a half hour to produce a $36 closing print, and if it's big enough to take down JPM, then you better believe it's worth buying a few million ounces of silver!

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  110. Whether silver is $25, $30, $35, $40, or even $55 an ounce I don't care. I'm buying phyzz. Dips are good because I can get more phyzz for my fiat.

    5 to 10 years from now, will it make a darn difference what fiat price you paid for it?

    In 2001, did it matter whether you got silver at $4.30 or $4.75 an ounce? Not really because even if this dip will hit $32 an ounce, it's still an 800% increase from when you started.

    The "see I told you so" is kids sh*t. Short term squiggles are for the weak hands.

    I'm not in phyzz for day trading, I'm in it for the long haul.

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  111. Did I miss SRS's peak oil article? If so, what thread is it under? Thanks.

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  112. Weather unit:

    Why do you constantly stick your finger in your bum and ask everyone if it smells? You know it smells, stop being so silly.

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  113. Any of you guys buying tinka at these prices?

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  114. I'm all in TKRFF, SVM, and I bought PHYZZ on the dip here. Always on the right side of these trades.

    Besides that I don't care if PHYZZ goes down because it's only a paper price.

    I'm all set!

    Oh I forgot: I'm hedged with some puts also here on AGQ but I know I could lose it all too. I just don't care.

    You know how to thank me of course.

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  115. WU, better get it out of your system now, because next week your limp dick IP is going to be banned forever...

    AC_Doctor

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  116. HEY WU: Have some balls. Tell us "why" you're making your predictions. What do you use? Math, trendline, physic network, Fib, trendlines, wave, etc. BTW, why so much sarcasm? You act like all of us are sheep that come here, and that is B.S.

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  117. ingots master, I'm expecting gold will go down another 15% from here, and silver goes down another 20% from here, it could hit 40 first before 30 if you have inside info that is possible or likely, the deflation trade will last a couple months though

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  118. @WU: It seems you are unable to answer a question without sarcasm, but will you at least try? What, really is your stance? Do you think PHYZZ stackers are fools? If so, why? I have asked people willing to give price targets to respectfully say why you came to that conclusion. Why are you so sarcastic? You seem to take joy in the plunge today, why? You claim you "said so", but you so discredited yourself, noone listens to you. You seem to almost have a personal hatred towards SGS, why? I don't hate anyone except the people that are trying to bring us into a one world government. Other than that, as long as you don't hurt me, the people I care for...then do your own thing. Man, I think you missed an opportunity.

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  119. "@SGS

    So if you don't mind me asking (I will ask anyway LOL pardon me), what are you doing with your "all-in" silver from last week?"

    Please provide my exact words and link where I said I was 'all in' on silver

    This should be fun.

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  120. i came to the conclusion because for every $1 loaned that must be repatriated there is $4 of copper assets and silver assets by banks lending it to each other as collateral for day to day lending. now that there is obviously no growth on the horizon, banks are raising cash to be able to pay those loans in the future and also the collateral is declining in value, causing fear and margin calls

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  121. Syria is next:

    http://www.infowars.com/now-us-puppet-regime-in-iraq-is-calling-for-a-regime-change-in-syria/

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  122. Comex Closes at 1:30 folks not 4:00 EST, sub $36 needs to happen tomorrow at 1;30. I predict a wild Option Expiration day. Better wear your jockstrap!

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  123. At least you dont own palladium or platinum. As much as people dog silver and gold. They got nowhere near the shit kicking at these two.

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  124. Ledbedder said...

    @WU: It seems you are unable to answer a question without sarcasm, but will you at least try? What, really is your stance? Do you think PHYZZ stackers are fools? If so, why? I have asked people willing to give price targets to respectfully say why you came to that conclusion. Why are you so sarcastic? You seem to take joy in the plunge today, why? You claim you "said so", but you so discredited yourself, noone listens to you. You seem to almost have a personal hatred towards SGS, why? I don't hate anyone except the people that are trying to bring us into a one world government. Other than that, as long as you don't hurt me, the people I care for...then do your own thing. Man, I think you missed an opportunity.
    September 22, 2011 5:07 PM

    Physical stackers and holders are not fools at all. And they have good arguments for their commodity against the developing global market concerns whether they be inflation, deflation, or even the unknown. They become fools when they cannot handle the various price discussions. They cannot handle a contrary viewpoint and resort to fighting and personal attacks.

    I think it's wise to have some gold and silver. If I was financially solvent I would have a minimum of 1,000 ounces of silver and as much gold as I could afford. Right now I'm trying to figure out an entry point for myself in this entire market including commodities and stocks. I think silver is going to take a substantial plunge if it makes it below $34 here in the next couple of weeks. I'm watching to see how gold may test $1600 soon and silver $34. I know you're watching too.

    I don't have any personal hatred toward SGS but I have no other choice in here to be sarcastic from the beginning of this blog. The way the sarcasm is dished out around here if you can't take mine then get out of the kitchen or go sit on the fence.

    As far as missing opportunities go it just forces me to continue to make ongoing plans of action for the future. If it makes you feel better I decided to buy some Canadian Cougars. I would suggest you get some actually. I would also suggest you have some paper cash on hand also. As for the usual bullion "buy the dip" strategy I say WAIT for a deeper dip yet.

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  125. @WU: yes, I am watching, and I do believe in this level area that I posted:

    Ledbedder said...
    @felix: I've done some calculations. I have three things saying that the bottom should be between $33.40 to $33.75

    I also keep fiat on hand because it will always be used by the ignorant. I'll agree with you that some people that come here thought silver & gold would (basically) only go up, and that just is not the case. If you've read what I have posted, you know I am big on: gaps being closed, trendlines, Fib. retracements, traj. lines and to a lesser extent RSI.

    Yes, this dip will continue.

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  126. @WU:

    They become fools when they cannot handle the various price discussions. They cannot handle a contrary viewpoint and resort to fighting and personal attacks.

    I have to respectfully disagree. I know most of us don't go back more than 1 or 2 threads, but I have often posted about down moves in silver. And, unless I missed it, noone attacked me for it. Also, I usually give solid reasons why I think/thought so.

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  128. @WU in the race between DIGITAL PRINTING of M2 and MINING BULLION...

    ... the central banks can crank the zeros out faster than miners can refine rock into bars.

    Always.

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  130. @WU,

    "their commodity"

    Gold is not a commodity its money and silver is labeled a commodity because its so fucking cheap, ie manipulated!

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  131. @WU said: "I have no other choice..."

    Dude, you have unlimited choice, always...we all do. When people make statements like the above, they give away the only real power they have, which is the power to respond instead of react.

    An empowered person takes responsibility for their actions and behavior. A dis-empowered person TRIES to MAKE others responsible for their actions and behavior.

    But that still doesn't absolve them from being responsible for their behavior.

    ...not attacking...just sayin'...

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