Wednesday, September 14, 2011

Pray, cheer, cry.

Good luck with deee prissse zdabillittteeeeee today. Too many news events from EU. Good luck today traders.

68 comments:

  1. I have my paper money (it will be a while after the EU banking collapse before the sheeple understand hard money) and I have phyzz.

    All I need now is a sick bag for the ride!

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  2. Just as long as you don't upchuck your red pill...I have extras. Got phyzz? I do. Long on preps, short on patience.

    Pray for the best, prepare for the worst.

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  3. I am assuming a rally around 11:30 in the PM's after the fix is in and short covering resumes. Or we get another EU news print that send them lower. GOOD LUCK!

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  4. This market sucks, no logic in trades!

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  5. This shit stain of a system needs a reboot!

    If we dont get moving by the weekend, we'll never make any gains, FOMC next then Comex the next, those are all beat down days.

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  6. I keep running into the walls of my apartment hoping to Tilt the fucking system like a pinball machine but so far... Just more Full Retard lights and bells.

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  7. Just became a proud owner of a 1 oz silver dragon! It is beyond beautiful.

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  8. Small country in central Europe. Dealer had 50, I took the first one, the rest were gone the same day. Got it for less than 1/4 of what they go on ebay.

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  9. Silver getting ready for a breakout

    Buy on weakness before the end of October:

    http://www.montrealgazette.com/business/Silver+getting+ready+breakout/5398496/story.html

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  10. This comment has been removed by the author.

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  11. I think this vid is more visually stimulating than the photo... this is what the markets are doing to the weak hands... fuckin classica shit. LOL!

    http://www.youtube.com/watch?v=ryzUSut4t1M

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  12. I went to lunch and then checked on my SVM position.

    I just reverse shit (puke?) a brick.

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  13. highrise, did you get any dragons from apmex? This morning went to the page which I had bookmarked and it said "page not found." So I went through the main website and they had them up, 200 in stock. So I tried to buy some, went to checkout, and then it suddenly said, "no items in your cart!" Went back to the main site and couldn't find the item listed at all! WTF? Now the item page is back up but it says there aren't any in stock. Bastards.

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  14. California Numismatics
    Inglewood, California

    9/12/11

    5 1 oz Pamp Suisse + 1 1oz AU US Eagle + 1 .5oz AU US Eagle

    =

    28 10 oz Silver Bars

    45:1 Ratio Swap

    If that's not a WIN, please direct me to a better trade!

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  15. @flaunt - Yes... I ordered a Tube of 1/2 oz Dragons on the 24th of August. They were shipped out yesterday from APMEX and I should have them in my hands tomorrow. Them shipping those out indicates to me that they have received their first shipment of everything they had listed for pre-sale, but I heard only 5% of the entire 1 oz mintage would be allocated to North America. If thats true, that leaves just 15,000 coins for US suppliers. Like I've been saying sine the 23rd of August, these coins are going to be THE coin to own. I will post here and on my blog the minute they are listed.

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  16. @PaidInGold - Very nice trade... but why 10 oz bars? Cheaper I guess...

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  17. HR408,

    With 15,000 oz being available to us, how long do you expect them to be up and ready to sell. I have an AlertMe set for all of the series II dragon coins, but I'm afraid one big buyer will swipe it all up in seconds.

    Your opinion?

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  18. @Paid - Shit man... I would guess as soon as they are listed, they will be gone in 24 hours or less. I asked APMEX if they were going to limit the amount of coins per customer, and they said nope, first come, first served. Fuckers.

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  19. At California Numismatics, 1oz & 10oz generic bars and rounds are 1.60 above spot, the lowest in the state to my knowledge.

    ASEs and Maples are about 3.30-4.00 over, I believe. And I do not buy ASEs, Maples, Phils, etc anymore. (I would cop lunar dragons though)

    I drive from the Bay down to LA for my phyzz.

    What are your premiums like? Are you buying from the Bay? All SF and East Bay dealers are on some bullshit. 2-3$ over spot for generic AG? GTFOH.

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  20. 24 hours? That's plenty of fucking time, imo. All I need is as much as my CC will allow which is about 150oz @ $60/coin.

    My only fear is that once Series II is released is that the demand will die down. It seems very unlikely but a whole bunch of fuck shit has happened already this year.

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  21. There is a place on De Anza Blvd and Stevens Creek in San Jose called Austin and Co. Jewelry, and they sell at $1.00 - $3.00 over spot for almost everything they have in stock. Greatest thing about them, when you go to sell, they check the Kitco spot price that minute, and pay you out @ spot. They also to ratio trades for gold, silver, platinum, and palladium.

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  22. HR408,

    Just called them and spoke to John. He is good business over the phone. I told him my deal and he told me that he'll work his best competitively. I told him about my drive down south to LA for phyzz and he told me just work out the deal with him over the phone before I drive down.

    His buy prices for my gold aren't as high as LA, but his selling price for silver is .60 lower per ounce. BUT I would have to take 100 oz bars of AG. Ouch...

    We'll see. Thanks for the referral, if it works out, I owe you lunch and a doobie. My crop cured perfectly.

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  23. Silvercorp Responds To Second Anonymous Allegation: http://silvercorpmetals.com/_resources/news/PR_and_schedule_1_to_4.pdf

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  24. highrise - I guess I wasn't very specific. I should have said they had the 1oz dragons listed... And like I said before 200 of them. Then the page vanished before I could place the order and check out.

    I asked someone at apmex about it and they said they did get some in but they apparently were sold before I was able to checkout. FUBAR. They were priced at $75.

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  25. Any of you (more knowledgeable than I) gentlemen tell me where Silver support is?

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  26. @frk...saw that, then why is the stock up 9% on 29 Mil. shares, lol.

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  27. I swear I'm going to blow a gasket on the roller coaster ride today!

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  28. One trick Morgue uses a lot is breaching the 50DMA to scare the tech fund away. Those hedgies love to play along the 50DMA, and Morgue knows it. So they like to paint a breach to lure tech fund into selling. We will see what they do this time.

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  29. Rui - found your comments enlightening. I will put a 50DMA on my chart and have a look.

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  30. @flaunt I know what your talking about bro. Apmex has effed me in the past with there checkout. Page refreshed and poof coin now out of stock wtf! Does anyone know where you can get 2012 Canadian cougars..? Provident metals is still a no go.. between those and the lunars I'm getting AG blue balls.

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  31. Looks, like the SVM shorts got their profit. I have read the new press release and everything is as I thought. Geeze, Max Kaiser is right the American business model is fraud!

    Everyday, I become one step closer to going 100% phyzz!

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  32. Malcolm,

    Please watch this video. Yes it is really sickening - there is no market any more:

    Jim Cramer Explains How He Manipulates The Stock Market
    http://www.youtube.com/watch?v=GOS8QgAQO-k

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  33. @reefman,

    I saw that about a year ago, havent watched CNBC since!

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  34. @Felix - $40 is support... doubt we will ever see it below $38 again. If we did, we would all buy more.

    @PaidInGold - Yea... John is a good guy. I would stay away from 100 oz bars though. Not liquid enough.

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  35. Yeah, when Ag goes to 300$ + an oz do you want to lug around a 100 oz bar worth 30K. Highest I have are 10oz bars. Working a expanding my fractional Au now, the fucking premiums are so HIGH!

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  36. Has anyone received a text alert from apmex in the past? How timely are they? Can I expect to get my hands on some inventory if I go to the site the minute im informed?

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  37. Gipssytree,

    I placed a large order on Monday at APMEX. Being an enterprise software developer I took at look at their code during the ordering process. They only deduct from their inventory after you actually go to process the order.

    In other words, if you add items to your shopping cart, and in the meantime someone else adds the same items and they proceed to checkout - then when you go to checkout you will not be able to order those items. But if you go to checkout before the do, then you will be fine.

    As far as timeliness, the money was wired on Monday morning and by Tuesday I was notified that the order had shipped.

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  38. gipsy, I had a text alert notification set for the 1oz dragons and I didn't get an alert when they were listed. I just happened to bring up the website and see them listed. I missed it by seconds. Seems like they would limit quantities on items that are in low supply and high demand.

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  39. Apmex will probably put the dragons up when silver is up a buck or 2. I just received my 5 oz dragon it is way cool I have to wait till October to bet my 1/2 tube of dragons

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  40. @highrise408...

    http://www.youtube.com/watch?v=8fwabpcnwR0&feature=related

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  41. 408 and malcolm.

    Yeah, I do not want 100 oz bars. If they're from RCM, maybe, John'll have to convince me somehow.

    BUT. These metals are leaving the country, off to Korea. Korea's metal game is completely different.

    ASEs and Maples have no pull in premium. They actually are harder to do deals with since they have to be taken in and verified.

    Generic bars and rounds? No problem. They takey away.

    Only pretty rounds I want are the dragons. Other than that, I'm 100% pro-generic, low premium.

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  42. @Felix

    Support for Silver is the shelf it sits on in my safe :-)

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  43. I have a 100oz JM bar, but that was back when silver was $15 an oz. You cannot pass up 59 cents over spot. Now I just stick to junk, 1, 5, and ten ounce bars because of the liquidity issue.

    The lowest premium over spot possible is my goal. (Obviously Perth Dragons are not on my radar screen) I pulled the trigger on those 99 cent premium 1oz Sunshine Mint rounds the other day on apmex. If there's no deals around the time I get enough fiat to pull the trigger, I'll buy junk silver on Provident Metals.

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  44. TheEconomicCollapse,

    I Totally agree with your method! Most of my core Ag holding are junk and Massey bars, but my collections and numismatics will be the last I sell, if I even sell them at all.

    @Paidingold,

    I see, that makes a huge difference.

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  45. Paid in Gold,

    At California Numismatics, 1oz & 10oz generic bars and rounds are 1.60 above spot, the lowest in the state to my knowledge.

    SoCal is a good place to buy the phyzzz, if there are readers in the Inland Empire, I went to get some more Ag at Chaparral Coin in Murrieta, and the owner, John buys all metal at spot, and charged me roughly $1 over spot for some silver rounds. Anything he doesn't have in stock, he'll order. Some of the smaller dealers have to deal on razor thin margins just to compete with the big dogs, and their service is top notch too.

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  46. gipsytree

    Provident Metals has Cougars listed as Coming Soon..

    http://www.providentmetals.com/bullion/silver/foreign-slv/can-slv-maple.html

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  47. Chappy,

    September 14 2011: The prices of gold and silver were subdued for so long but no more, greater swings in metals forecast, a new scenario today for this current phase of the metals market, new bumps in the road to look out for, purchasing power robbed with the printing of money, deficits out of control.

    In the case for gold and silver, it has been go long and stay long for 11 years. During that period great gains have been made during what was the formidable first phase of the gold and silver bull market. Gold was $260.00 and silver was $3.50. Some stocks rose from $4.00 to $86.00, some from $0.80 to $42.00. This performance in spite of gold and silver suppression by the US government. In their desire to keep gold and silver subdued all the government really accomplished was to offer an opportunity for buyers to buy at lower prices than they normally would have been able too. In that process buyers have been able to stay ahead of inflation and many have made large profits. We have convinced almost all not to try to trade these markets, because they have not been professionally trained to do so. That concept has worked quite well and will continue to do so. The problem with novice trading is that if you get out you may never get back in. You must outsmart the market ignoring the gyrations and stick to the long-term objective. This bull market in gold and silver, now almost 11-1/2 years old will probably last another 5 to 10 years even if the system collapses. In the end our formula has worked well and avoided commission costs, something we are acutely aware of having been in the brokerage business for almost 30 years.

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  48. @jedpaschall
    Nice, im in socal and am familar with the area your speaking of. Do you know if chaparral has any lunars?

    @reefman and Flaunt
    thanks for the input, good to know. Guess you have to pull the trigger right away when you add stuff to your checkout cart and not get caught up in the shopping!

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  49. HSBC dropped from silver price suppression lawsuit

    Financial Times HSBC has been dropped from a lawsuit accusing banks of suppressing silver prices after reaching a temporary standstill agreement with plaintiffs’ attorneys.

    The London-based bank’s removal leaves JPMorgan Chase as the lone defendant named in the case brought by dozens of silver investors and money managers.

    http://www.ft.com/cms/s/0/3f44e1e4-dee5-11e0-9130-00144feabdc0.html#axzz1Xx8Ho5tS

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  50. @gipsy: Actually I did pull the trigger right away. Or tried to. Somebody else was a little further along pulling the trigger than I was, apparently!

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  51. I just walked into my coin dealer today and he had a 2000 Year of the dragon 1 oz silver coin that he sold me for $48.00. I just looked on ebay and it is going for 250. Good score.

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  52. @felix: This current swings 50% retracement is at $38.89 and the 61.8% is at $37.61. A traj. line gets hit around $39.90. For long term trendline, connect the low on 1/28/11 to the low on 7/1. There are gaps at $35.65 and $33.724. I am no longer going to say "it can't go down that far", cause you know what...it can. One last thing, it is in a wedge pattern, and we are closer to the bottom of the wedge than the top. As a matter of fact, one more day like today, and we will close below the bottom part.

    @RPS, thanks for the chuckle.

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  53. @felix, those numbers are for SIZ11

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  54. @ gypsy,

    Chaparral doesn't have any lunars in stock, it's a pretty small shop, but when I go there to settle up on a prior transaction, I'll ask to see if he has access. He got cleaned out on eagles and maples earlier in the week, and the guy before me walked with a monster box of eagles. When I make my way over to some of the other shops in town, I'll ask around, and if they are available I'll post it here.

    I am like Paid in Gold, basically I buy generic rounds right now, because I am on a shoestring budget, and can't justify the markups for additional bulk.

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  55. @Adam

    Holy shit that video is hilarious, where do you find this stuff?? whos taping??

    @ TOM H.
    NICE FIND!

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  56. Wow!!!! More out of the park results for KAM.V
    Double the length of zone. Retailers have yet to figure out this is a $12 stock.

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  57. @Adam -

    Skip to 40 Sec.

    http://www.youtube.com/watch?v=tAHxKD2Z8rc&feature=related

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  58. Little off topic but i hope you neighbors to the north can send this lucifarian scumbag Dick Cheney to the guillotine. Wish full thinking I guess...

    http://www.globalresearch.ca/index.php?context=va&aid=26550

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  59. Ok.. you guys wanna laugh... fuck... ok.. here...

    http://www.youtube.com/watch?v=M_jC2uxdbtU

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  60. @Ledbedder - Thank you for the analysis.

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  61. @felix, I wish I could give you something more narrow, but, honestly, I'm a little down today as Blythe, et. al. seems to have Superman powers. I don't think it will go down as far as the lower gaps, but if targets to the downside that I gave you keep getting hit (if at all), you've got to look at the next one. It is very hard, but emotion has got to stay out of it.

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  62. And now that a read what I wrote, let me clarify: when I wrote "I'm a little down today..." that is because I stripped away my HOPE for higher prices, and came back to more black & white in that Blythe & JPM as well as the Fed, HSBC, ETC. ETC. have so much influence in this world, that nothing will surprise me anymore. Hey, I just hope it goes down to the first traj. line & goes up from there...and it can. It truly is a day...no, hell, 12 hour to 12 hour market.

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  63. solid gold cell phone:

    http://news.yahoo.com/blogs/technology-blog/luxury-retailer-introduces-solid-gold-phone-60-000-171005618.html

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  64. @HR408: that was a funny coaster ride, but to step up to the big leagues, you need to ride this beast...which I did 3 times:

    http://www.sixflags.com/greatAdventure/rides/Kingdaka.aspx

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  65. @gipsytree Yeah Darth Vader deserves his comeuppance. He needs to worry that he can't leave the country because people gonna get him. I want his ass waterboarded to get the details on 9/11...theysay live by the sword, die by the sword.

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