"The Decade of EPIC Begins"
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"Shuffling deck chairs on the Titanic"This will be on the headstone of the Fed when it's eventually dead and buried. I just hope we all live to see the day when it happens.
(Kitco News) - Open interest for Comex gold options once against set a record on Tuesday, CME Group says. The number of open positions at the end of the day reached 1,456,677 contracts, surpassing the previous record of 1,448,222 contracts from Monday. On that day, Comex gold options open interest eclipsed a record of 1,444,251 contracts that had just been set on Friday.
I was just beginning to warm up to this guy, but he sounds moronic here.I did respect what he said at the hearing the other day.
It's important to remember that the US government's budget crisis is about to ramp back up, and we know what that did - ran us from $37 to $44.
SGS, your post on China storming Perth Mint for silver dragons is cited in Jim Willie's latest subscription letter.
Rui, Is that not THE BEST news letter! I mean I read the International Forecaster and Stu Thompson, but the Jackass puts it all in perspective!
@donThere is nothing to be discouraged about with silver. Treasuries are a way to lose money. Hoarding dollars will gain you nothing. Finally silver is undervalued vs gold.I have been thinking about earning money and how meaningless it is anymore. Even if silver did not go up in value. It feels like I have gained something by looking at it.Silver is not a number in a machine.Silver is real. You know its there and it can't be turned into nothing. They can turn digits into zeros and add zeros or take them away but I feel like you really own something when you have silver.Silver was not made by greedy bankers, it was mined from the pits of the earth by the sweat of some one brow. Someone worked hard to make that silver. That gives it so much more value than something coming off a computer or off a printing press.
For people still looking for when there may be a floor, I'm still sticking by this post:Ledbedder said...With the butt ugly bar today as well as a gap at 39.163 and RSI is NOT oversold yet,there is still the possibility of these levels..never say "never":Ledbedder said...@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.September 14, 2011 5:53 PM Currently at $39.72September 21, 2011 5:11 PM SIZ11 now at $38.68
Holy hell, this rally in the U.$. fiat is smashing the heck out of all commodities. The only markets that are up are fiat based---HAHAHAHAHAHAHA, what a joke!
Got the second batch of 1 oz Perth Mint Dragons. These coins are truly well made.I've met my target of at least 50 oz, now back to the normal coins again.If the price keeps dropping, I'll keep stacking.The bankers can have their fiat and shove it up the proverbial orifice.Fiat, I'm done with you.
For anyone that woke up and said FFFFFFFFFFFFFFFF...take heart. This is all clearly manufactured (I can hear all of you say to me, 'yeah, well no duh')The gap up in the U.$. fiat is a joke. The gap up in the largest ponzi scheme EVER (Treasury) is a joke. The gap down in real money is a joke. People are plowing in on the bullet train for either (1) manipulation (2) they are momentum speculators. The weak hands are getting hammered. Don't get me wrong, these washouts are brutal and can get much worse before stopping. Almost anything with value: corn, hogs, cattle, sugar, coffee were at fairly high levels when you look at an "average" price, so they are just coming back to reality. We'll be lucky to see new highs in silver before 12/30/11. No way $75 or $100. Watch the levels I have posted. The long term trendline is HUGE! It would be hit before the lower gaps. You get a hit at the trendline, load the boat. And my tiny 2 cents: yes, the Dragons look great, but paying that much of a premium if you plan on keeping them, really? Does that make good financial sense (cents)? Now, if you're going to flip them for a profit, I say go for it!One last thing to HR408: maybe it was the adult beverages last night, but, I hope you change your mind on the internet aspect. Not only do you bring good stuff to this board, but you can also be one funny M.F.'er.
Gee, another get out of jail free card for the silver shorts, and right before option expiration next week. I'll bet that letter delivery boy Boner gave to Shlomo was from a short.
that's funny when i went long on the dip i didn't expect a 6% haircut the next day. wahhh wahh wahhhhhnnn