Sunday, September 4, 2011

Silver/Gold looks good. USA economy in flames, again.

This commentary will be long and painful, as there are many things to talk about.

Good afternoon ladies and gentlemen. I took yesterday off from here as I was extremely busy, and was not around the office. So apologize for not committing to my practice yesterday. After 6 months of being live on google blogger, we should be making the switch to www.silvergoldsilver.com shortly, hopefully within the next 7 days. There you will find all sorts of tools and information, not just from me, but from select posters such as SRSrocco. We have forums, a live chat (which I will be actively on for instant answers, blog, videos, etc. The site will run with adwords advertisements, so we can recoup the initial investment. There seems to be a common misunderstanding out there about perception of successful blogs. I have been doing some research, and after I put in my own time, post things, and make sure things are running smooth in the comments section, I clear about $5/hr when I'm physically on here. So by no means are we getting rich over here. We provide data on this blog in the hopes of encouraging people or making people aware of the continued US and global ponzi scheme. So in essence, I spend time away from my family and extracurricular activities to help the common man. So if I ask you to 'thank me' or proceed to the donate button, dont take it personally, you would do the same to justify wasted time. Those who do, which are many, I thank you for keeping this blog going, and giving me a reason to tell my wife why I spend so much time on here that is essentially not compensated. The new site will give you every opportunity to support the ongoing information, and the higher the income, the more info that will come out. Supply and demand. So just clearing that up as there have been many times where I ask myself why I keep posting, but the encouraging emails and comments we get make us press on, as I feel that its too late to leave my peeps high and dry.

I feel some people after seeing a post or reading something similar get the wrong idea. For instance my post about being "all in" on SVM means that I have allocated a certain % of my paper portfolio to SVM in the form of a CALL option. Let me get things straight now so I never have to repeat them again. I am a former trader. Being 'all in' with a call does NOT necessarily mean I'm not hedged or when negative news comes out (like Friday) that I do not instantly hammer the keys in the opposite direction. My former career taught me well in that you have to FALL IN LOVE WITH MONEY, NOT THE STOCK. Emotional trading in this atmosphere is gonzo. But, for the majority of my positions, like the SVM position I have, is long term. But they are options, NOT shares. Allocating say $8000 for 1000 shares of SVM or anything at this point in the game is lunacy. I will only buy junior shares. So those of you who have no idea about options, there will be a folder for that on the new site. I will also be providing a beginners folder. In time it will be filled with good videos and things to get you started in the paper ponzi gambling scene.

Now onto the usual.

Since I own calls, and I have till January to see what I'm going to do with them, I really dont care if the fraud is true. I will only lose a fixed amount of money that I put in. Those buying the shares, will lose a lot more IF its true. I dont think it is. You cant fraud cash. Its very difficult. Thus, I am assuming SVM management team will be hiring an accredited accounting firm like KPMG or whatever, and this thing should be cleared of 'anonymous allegations' within 2 weeks. If its true however, get ready for a $1 SVM before it recovers. I think, its NOT true, I believe the 13% of shorts out there just won their game. All you have to do is start tracking if the short float is contracting significantly throughout next week on any further weakness. If that the case the fraud is a joke, and they just made a shit ton, and after its cleared it will resume it northerly trajectory with the POS going over $50.

The COT report has revealed what I thought it would. The bankers got slaughtered after Tuesday of last week, the OI on silver is contracting, and the short covering is accelerating.

GOLD COT:
-commercials covered 11755 shorts and added 1326 long.

SILVER COT:
-commercial covered 4288, and and the large specs also covered.

BULLISH.

I would now like to claim victory about the 2012 1 oz Dragons. I have been wishing everyone the best of luck getting these because the rest are GONE. In fact, I was so right, the Perth Mint tried to down play my Blog posting Click here to read... If you visit APMEX and any other store, you will see they are sold out before they even have sold 1. Again, I gave the PM an opportunity to rebut and answer my questions and they didnt...I would assume because I was right, and I warned my readers about it here... weeks before anyone gave a shit to say anything. Case closed.

I leave you with BJohnF, and his silver update. I will be back.



43 comments:

  1. This comment has been removed by the author.

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  2. For those who are in the Bay Area: I was shopping for a handgun, and I went over to Valkyrie Arms in Milpitas. They are going to have a sale next weekend. 10% off in store.

    If you guys know a better and cheaper place for firearms, let me know.

    Thx.

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  3. @coconuttrumplus - Im in the South Bay, there is a shop off of Bascom and Camden called Sportsmans Supply, these guys will haggle very fairly and beat competition almost 99% of the time.

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  4. I think were gonna see an opposite May 1st this evening when the over seas markets open up... Gold will rocket past $1925 and silver will go past $44.

    Though a dip to $41 would be nice, cuz my pockets are burning right now, I would rather see silver go higher so I can go to work and keep saying "I told you so."

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  5. SGS - Looking forward to the new site. I've been doing online/interactive crap professionally since the beginning of the dotcoms days - so some advice: Be sure to checkout some affiliate programs in addition to adwords. Sites like amazon will cookie click-thrus in a way that you can receive credit for future transactions long after they've visited your site. So buy putting some direct links to say, Schiff's books, you'd get a percentage of any sales on Amazon, regardless of what they buy.

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  6. Wow...

    http://www.zerohedge.com/news/first-eurusd-print

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  7. Found some sizes here still left on the Dragon.. Just picked up some half and Two ounce ones..

    http://www.gainesvillecoins.com/SearchResults.aspx?match=false&s=year%20of%20the%20dragon

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  9. @Yousif - The 2012 Kookaburra's have a 500,000 limit. Its the Koala's that dont have a limit.

    http://www.perthmintbullion.com/blog/blog/11-08-29/No_Truth_In_%E2%80%9CChinese%E2%80%9D_Rumour.aspx

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  11. Yousif

    Thanks for that Info ! I didn't buy many of either one.. Will have to hunt around for the 1 oz !

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  12. I've never bought a numismatic silver coin but those dragons are pretty bad ass looking. I'd probably pick a few up if I could find the 1 oz coins. Apmex says they aren't preselling which makes it sound like they haven't sold out but rather haven't put them up for sale until they're in. They only make 500 of the 10kg lunar silver coins. That must be one massive coin (300oz or so).

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  14. SGS I know what's its like to dedicate mounds of time to a passion that helps others but only makes $5 an hour net. I just gave you ten bucks

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  15. So, question... I assume there are two types of shorts in the PM metals markets:
    1) Those trying to manage the price and who have a secret backer (perhaps the fed)
    2) Those tagging along for the ride with #1
    Is this true? And if so, then the only shorts who can really be killed are #2... those tagging along for the ride.

    Comments?

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  16. Man oh man!!

    You guys are gonna crap yourselves when you see this.I knew ZOG hated Ghadhaffi, but never knew any specifics other than he wouldn't let the satanist illuminati bankers in.

    Check this shit out!!

    http://www.youtube.com/watch?v=Q11R56Y0Dx4

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  18. AJ, the fear mongerer, got to love him ... apologies if someone else already posted

    http://www.youtube.com/watch?v=KgPl_yccVR8&feature=related

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  19. Burning Chase Bank on Ebay ! lmao Forty bids so far! Bid it Up ! lol


    http://www.ebay.com/itm/Chase-Burning-/190570913537?pt=Art_Paintings&hash=item2c5ee95f01

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  20. > Allocating say $8000 for 1000 shares of SVM or anything at this point in the game is lunacy.

    Yikes! What did I do?!

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  21. Thanks SGS for posting on this blog daily. Your time is definitely not wasted, and your insider information is much appreciated.

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  22. Can someone check my numbers? I was looking at the COT numbers from Harvey's report; specifically the commercial interests (banks). Assuming each gold contract is for 100 ounces and each silver contract is for 5000 ounces, I calculate the banks are short 39,383,100 ounces of gold and short 385,460,000 ounces of silver. So if we have a 120 dollar move in gold ($2,000/ounce), then this is a paper loss of $4,725,972,000. If we have a $7 move in silver ($50/ounce), then this is a paper loss of $2,698,220,000. Are my calculations correct?
    Thanks all.

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  23. Let me add on to this just for fun. So if this report does not count the last three days, then it did not count the $50 move in gold or the $2 move in silver. These two moves would be a paper loss of $2,740,075,000. Put another way with ~32 million ounces of registered silver at the Comex, this kind of a paper loss could have purchased all of the silver there twice. By the way, how do I get a real name instead of a number as my post?

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  24. 86561b5a-78f3-11e0-9f8e-000bcdcb8a73
    Just like your Name, Your #'s are Fiat !

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  25. God damn it, ordered half a tube of eagles an hour before the Globex open last night thinking the PMs were going to gap up straight away and they're down?! Only by a tiny bit but still.. I feel like a sheep for buying the top.

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  26. Dudes:

    Good evening. If the SVM rumors are false, I can only hope the guilty party or parties gets in some serious trouble for this. I'm not holding my breath.

    Just had dinner with some good friends. These folks are highly intelligent and I have alot of respect for them, but I couldn't believe some of the things I heard. The paraphrased line of the night was "Gold is going to go down once the stock market recovers." Now, I'm always looking out for what's next, and will entertain any scenario that has PMs falling in price, but I can't come up with one that is both credible and has the US not defaulting on its debt. On the flip side, I can't really conceive of anything that will drive up stocks besides money printing of some kind.

    Mentioning Ron Paul (just to borrow a quote) also didn't find any fans; he's just a crazy old guy from Texas.

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  27. There is a reason we are in the predicament that we are in. Some people just won't wake up from the world of fake plastic trees. It's human nature I suppose, normalcy bias, whatever you want to call it. Being well informed is both a blessing, and a curse as most of you on this board are very well aware. The truth can be painful, and often prompts strong defense mechanisms such as denial. Ron Paul's message is too close to the truth, and the drones don't want the truth, they prefer platitudes and lies.

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  28. Oh, I remembered a conversation I had about a year ago with another friend. This guy's spent his whole adult life studying and working in the world of finance. I had recently snapped out of my daze, and QE2 was in full swing. I mentioned concerns about inflation, and he explained how it would be a slow grind with the Fed raising interest rates and bringing the liquidity back in. I then asked about payments on our debt, and pointed to Ireland and Greece, but the answer was just that it'll be taken care of, and deflation's the real worry. I think he's now starting to consider social problems, like riots, but I'm afraid he hasn't taken the leap to the economic system.

    I hear you rocket, it's definitely not pleasant to think of how bad things could possibly get, but you'd think any rational person would take a hard look at the arguments, and if still concerned, take some kind of steps just to be safe.

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  29. I went to buy some product from the NZ stockist of the Perth Mint coins ans they are completely wiped out of stock but expect some in within 2 weeks. Will keep you updated as to whether they get them in or not.

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  31. yeah in my conversations around town in Hartford, CT 80% of people who say they are "in the know" been "investing for decades" or "in the industry for years" thinks deflation is a BIG problem. and they make all their arguments. My argument is that when debts are cancelled everyone has more disposable income, and money created by banks doesnt have to pay itself back. prices then rise as there is more demand for items. Cancelling debt and price controls are the definition of hyperinlation

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  32. I have just consigned the "Turd" blog/site to the dustbin.

    He states he is a believer in the official 911 story.

    If he cannot see the many gaping holes in the 911 official report he must be "selectively blind".

    A person who deludes himself is not someone to take advice from.

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  33. look at yugoslavia, that country was fucked over by US embargos threats if they didn't cancel debt and do price controls. The government was also told to freeze wages, which cause some of the workforce to form underground militias. they followed everything on time, And they got embargoed anyways The us then told Bosnia to do a peace agreement or they would face more sanctions, and then one muslim leader out of dozen didn't sign the peace agreement, so the US said, we are coming in and installing that dissident muslim leader because you couldn't get him to sign the agreenment

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  34. and there was hyperinflation of 50% per day

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  35. 1 oz RCM Dragons

    There has been a lot of talk about the Australian 1 oz silver coins, but what about the 1 oz Canadian dragons? The mintage is only 48,888 compared to 300,000. They are also proof coins. I've picked up a few and delivery is this week. I will be watching Ebay for the Australian dragon.

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  36. @ commodity

    The serbs messed up yugoslavia

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  37. Re silver dragons: Could someone please tell me why they are more interesting to us than 1 oz. maple leafs or eagles? Is it just the scarcity factor which is affecting our greed? Has something triggered our hunting instincts?

    As for potential numismatic value, that is truly specialist stuff, almost as intricate as the market.

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  38. @MUFC the Serbian government in 1992 listened to the US government at all costs and lost control of the population. Then there was a downward spiral of multiple ethnic groups who now had no savings, living in close proximity to each other led by new racist leaders. And there was a scramble for the extreme amoutns of small arms left from fighting the russians. Tito had tanks and planes, but milosevic wasn't allowed by the US to send those into Bosnia, MIlitia and gueriilla groups not under the control of milosevic with small arms that committed atrocities. they were a rich country, why was it a guerilla warfare civil war as if it was a banana republic? because the actual government, wasn't allowed to hold the union

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  39. and under the fractional within a fractional governments in the balkans its much poorer today with 30% unemployment in Sarajevo, than it was in 1990. croatia is the only country with a real economy (tourism)

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  40. georgesilver,

    Wow, I saw it...Turd believes the official 911 story???? what??? Unreal.

    Any intelligent human being who looks at the scientific facts will very quickly doubt the "official story".

    Perhaps he should take a gander at "Architects and Engineers of 911 Truth" http://www.ae911truth.org
    There are only a few thousand of them, but what would they know over Foxjews, CNN, & DykeNBC?

    The official story believers("comic book believers") normally have one thing in common.
    They have spent virtually no time reviewing the scientific sources outside of the main stream media.

    Let's ignore the pilots too. What would they know flying planes? http://pilotsfor911truth.org/

    Turd has issues. Including a cartoon from his site that encouraged people to buy silver at 48 (around Easter time). He lost credibility with me now more than ever.

    Furthermore, he has surely never read any of
    John Perkins books. "The Secret History of the American Empire". Only read it if you want to know how the game is really played. It is a big time dot connector.

    Any 911 believer has got to be clueless beyond belief. (i.e. grossly under informed).

    Wake up Turd, Wake up!

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  41. @MUFC That's the MSM version of the story. I think, though, that the Ottoman Turks invading and FORCING Islam on a region that had previously been Christian for centuries may have precipitated the problem a bit.

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  42. The muslims in Kosovo were basically trying to ethnically cleanse the Serbs from there before the whole thing shot off, just like the Georgians were trying to ethnically cleanse Russians from Ossetia, but the MSM made Russia look like the bad guys. Not saying there wasn't wrong done on both sides, but you have to understand the NWO agenda to know why the MSM repeatedly tells these one-sided versions of conflicts. They don't like the white race and they don't like Christianity. The whole 'diversity' propaganda campaign is blatantly aimed at slowly eroding both. I don't hate muslims or non-white people, but damn- don't white Christian people like me have a right to a homeland too?

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