hmmm

Like Turd, I'm extremely comforted that silver is still above that downtrend line from the September highs. It confirms what I believe about the white metal.

Thanks Turd - Certainly look forward to seeing that "Battle Royale".

Here is another Turdville Newscast .. this one focuses on the MF Global moral hazard and has another silly "Get Real Gold" ad.

PS: I watched that Glenn Beck newscast that Turd refers to. I wouldn't dismiss it, outright. There are some substantial and thought provoking possibilities in there. As with all things in this weird and oddball excuse we have for an economy, the real true picture (which no one will every really know) is probably a mix of conspiracy theory A, plus B, plus C, and a little D.

Takes a licking and keeps on ticking

I have neither the Time nor the X 

I am answering your thoughtful message in this thread.  I just wanted to thank you and you did make me think.   Thanks again.

Can any of you that have knowledge with NUGT explain why its not following gold as its supposed to? Last few days it has been off!! If you know of a worthy place to read into this ETF it would help me. I love you guys! Learning everyday!

I called global to find out since im a client. In the US they are offering very small but the total is probally as someone said on the board $200m to start off with. premium is lower then what it is normal. but this is a good sign!

love this kind of post   almost like a story   but   based on  imperical observation   super interesting  .........................

17th!!!!

AU closing above 1650, AG above 30 is good.  Hopefully they will end the week up from here.

If  memory serves,  PSLV  1.   started out at 250 as well, and like Topsy,  it grew.  To 580. Evidently the stock is down  7  percent as we speak, putting the premium at 16  percent,  which is one hell of a lot more palatable than  34.22. 

   But the suggestion that he might piece into this makes sense, I am comfortable watching. Its not negative.

   IMHO,  the silver market is a lot tighter today than it was in November 2010,  when the first PSLV got done so  lets see what kind of demand there is. 

   Equivalently,  JPM is arguably smaller, they got badly caught short last time, which is why it went exponential,   and this one is well telegraphed. Fool  me once.......

   Lets call it a good start and watch.Its a lot better than where we were this morning.

Crude Rises a Second Day in New York as Reports Boost Economic Optimism

Oil rose for a second day in New York after reports yesterday bolstered optimism in the U.S. and German economies, increasing speculation by investors that fuel demand will climb this year.

Crude for February delivery rose as much as 41 cents, 0.4 percent, to $101.12 a barrel on the New York Mercantile Exchange. The contract settled yesterday up $2.01, or 2 percent, at $100.71.

___________________________________________________________________________

Be Very Wary of Optimism expressed in MSM.... It's like they do this to lure the retail back into big positions and then slam them hard for the take down.....it's what they do!  If we get a little pop..... I'm all for it, but I'm always looking for the exit when it comes to equities nowadays!

NUGT is a 3x Miners Bull Market ETF........  this ETF isn't always going to correlate directly and responsd to the price of gold alone, because the cost of production (oil cost) and other factors will be reflected into it's valuation.  Additionally, the composition of the fund will also effect how this ETF moves with or against the market.

NUGT currently:

Index Sector Weightings

Index Country Weightings

Let's take a quick look a chart comparing Spot Gold with NUGT:

Generally, NUGT would be for a short term play, especially in today's market, because of it's 3x leverage and the decay associated with each up and down cycle.  I hope this helps... I'm sure others will chime in with their thoughts as well.

while I ramble.   :-)

Lindsey Williams will be interviewed here:

http://justmeasurescs.com/?page_id=18

at 6:00 PM Pacific Standard Time.

What is unusual about this interview is that you can call in with questions. I called in last month and was helped by Lindsey's reply.

The web page is different in that two speakers come on at once. You need to silence one of them or the sound will drive you crazy. One is for 32 K players, the other for 64 K players. Just move the audio on one of them to the left to silence it. Sanity will be restored. 

The program will be archived in the event you are unable to listen live at:

http://justmeasurescs.com/

@punchbowl - Thanks!  I would think that anybody who is short C and/or invested in FAZ or other such instruments would simply delight in reading the Citibank financial report out loud while the local Citibank branch manager counts their coins out in order to complete a transaction.....especially this kind of "additional mortgage payment" that might as well be called a "margin call on customer accounts" given that Citibank misallocated my customer funds and then "put a gun" to the head of this customer in order to cough up additional cash within one business day "or else" there would be more fraudulent late fees.  

Gosh, what a bunch of mafia thugs these guys are.   Actually, no, it is an insult to the mafia to say that because at least the mafia has a code and set of rules that they live by, unlike the TBTF banks.  So, I take it back.  The mafia is actually better than the TBTF banks in terms of adhering to agreements of contracts.  

For those of you who have not seen the previous thread on this and thus may be bewildered, here's a re-post of this TF Metals Report post on the thread "Getting Ready For A Big Week"    

"Dear Turdland,

I had a most enjoyable experience today that I want to share.   I would also ask any of you who know how, to please send this info to zerohedge as a guest post and/or 4closurefraud.org.  

I'm old.  Mrs. Cat and I have 1 property left with a mortgage on it (at 2.9%, so that's why).  Recently CitiMortgage has pulled a MF Global maneuver and misallocated our payments, resulting in a large overage in our escrow, as well as a cash position in what Citi calls an "Unallocated Funds" fund which they have been holding for who knows how long.  Here's the kick....they have charged us $487 in late fees and $128 in delinquency fees all the while they have been holding on to our money.   I believe they have done this in order to beef up their deposits on their balance sheet, as well as their accounts receivables for their annual report (i.e. I bet this is widespread and not just us).   

So, as they have misallocated my customer funds, I went in today to pay even more money so that the mortgage remains current.  

I decided to tap Mr. Piggy for help.

Mr. Piggy couldn't fit underneath my winter coat so I poured his contents out into a 1 gallon ziplock bag and stuffed that in my coat. (don't worry I already checked all the coins for anything of any value and there's not much but zinc in there).

I went to the Citibank teller window during peak lunch hour.  

I pulled out a wad of mixed fiat paper and started counting out the 1's, 5's, 10's, 20's, 50's and 100's in the random order in which they popped up.  The teller insisted I just hand her the wad and let her count it and I insisted "NO, it is my money."  

When I got within $20 of the payment I reached into my coat and pulled out my ziplock bag and dumped all the coins out into her little tray beneath the bulletproof glass of her teller window.  

The teller freaked out.  She said it wasn't her job to count those coins and since Citibank didn't have a coin counter that I would have to roll all the coins and come back.

I refused.  I have arthritis.  I can't roll them.  I asked her why she had a problem counting legal tender coin and asked for my receipt of payment. 

After 10 minutes of this she got a manager to come out.

The manager scooped up all the coins and took them and me back to her desk where she counted them all out and rolled them.  That took a while and I just grinned from ear to ear watching that bank manager count and roll the coins from Mr. Piggy.  

We went back to the teller (as first priority customer thus jumping the lunch hour line) and then they spent another 5 minutes re-tallying the totals of bills and coins in various denominations.  I had a check ready in case I came up short but didn't need it because I had more than what was due.  So I told them to apply the extra coinage towards an additional principle payment and that took them more time.

All in all it took them nearly 45 minutes from noon to 12:45 pm during lunch rush hour.  Their other customers were upset as they waited during their lunch hour on the day after a holiday.

I learned something else valuable along the way and that is that the teller will count out the change as long as no denomination can make a roll.  So, from this point forward here is how I will pay any bill at a TBTF bank:

$9.75 in quarters

$4.90 in dimes

$1.95 in nickels

$0.49 in pennies

(that totals $17.09)

plus low denomination bills such as $1, $5 and $10 and a check for the rest.   

It will be easiest to do if I go to another bank just beforehand and buy one roll of each coin (penny, nickel, dime, quarter) and open each up and simply take out one coin from each roll and then dump the rest into a co-mingled ziplock bag or cup. 

Then I will watch with delight as that teller at that damned TBTF bank spends their time during peak traffic hour counting my $17.09 in change.  Today, I used the time as an opportunity to read out loud Citi's dismal earnings report, just in case other customers in the bank wanted to hear how much they suck.   

So, next time you pay a bill to a bank, go to the bank to pay it, and pay it with max change.   

Now that my friends, is change I can believe in.  

The manager offered me a free Citibank wallet and still wants me to open a checking/savings account with them.  I guess I'm known a little too well as a landlord in the community.   

What a wonderful world it would be if we all took our lunch hour to do this.  It was one of the best lunch hours I ever had and I still had time for a 6 inch tuna sub at Subway across the street.

I think it would be a good idea to start printing T-shirts that say "$17.09"

Beck is putting the pieces together, and I think he is very brave and courageous.  Kevin Freeman is going to be on GBTV again  Thursday.  He also had an excellent interview today with Adam Corrolla.

We are happy to have him in Texas.   Ok, at least a lot of us.   But as you say, he is talking about a lot of things you will not hear about on TV, even Fox.

Just wanted to mention DPH is posting some really interesting articles, such as the one on Davos and Occupy the Capital.  Thanks DPH!

http://www.tfmetalsreport.com/forum/3172/daily-dphaze-news-machine?page=29

You can go to Bloombergs or similar site to do comparison charts.  If you have a trading account, they also might have charting abilities built into their system.

NUGT vs. GDX

You've inspired me to take the bull by the horns with a financial situation in which I feel I was wronged. Thanks so much! Time to do some information digging for my bank! 

@Ferd Torgerson - you raise proper issues and I should have indeed made it clearer from my posts that I was on the line with Shittybank many times on my own, and then in joint calls with my attorneys.  We went as far up as we could, and still the Citibank representatives would not even give us their last names or a call back number.

Henceforth I owe no apologies to Citibank.  They owe me. 

As I wait the rest of my life for my apologies from them that will never come (as well as waiver of fraudulent late fees, or even the interest on my money that they have held for who knows how long), I will enjoy paying them every month during peak traffic hour with $17.09 in change plus assorted bills plus a check for the rest as I read out loud their most recent annual (or quarterly) report.  I may choose to read out loud news articles about them.   

Paying a debt in legal tender coin is not "abusing" anyone.  I was not rude to any of the employees, though I did question why they, as bankers, had a problem counting legal tender money.  

I bet you think it is rude if you leave food on your plate that the busboy has to scrape off?  I mean, really, do you actually think the banks have a right to determine how you pay them in legal tender?  WTF is wrong with you and how darned damaged and brainwashed is your noggin?  Who is the customer?  

I encourage all bank tellers of only these TBTF banks to understand my plight and empathize with me and show me respect as an unwilling customer who would, if he could, choose any bank other than Citibank to hold this mortgage, as they then go on to submit their resume's to other banks and quit their present jobs.   It was never my choice to do business with Citi Mortgage, and I have never consented....but apparently in this lawless land that doesn't matter anymore.  So, if the employees want to work for a company that tramples on basic contract law like that, then they are just as culpable as any hitler youth helping people board the trains. 

We.....each and every one of us.......has a moral component to our daily toil.   

I am the $17.09

Gandhi didn't waste his time....he wasted THEIR time, and that my friend, is the point.  

Loved every bit of your little episode. Indeed, if you want change, all you have to do is pay them at the counter in coins and small notes, with as many people as possible, and their wicked machinery will come to a complete standstill.

Banks seem to have developed this attitude of you, the customer, having to be thankful that the banks allows you to store your money with them, instead of the other way around.

From your post, it appears you still have not gone high enough to get your problem solved.  Citibank "representatives" are not the same as the Citibank CEO.  My advice is have your attorneys document the problem in a letter to the CEO and copy every applicable regulatory authority.  If that doesn't work, consider legal action.

And, no, my noggin is not damaged and I'm not brainwashed.  And, I never leave food on a plate for a busboy to scrape off.  I paid for that damned food and I'm going  to eat every bite of it.   And, if I don't like the food or service, I'm not going to complain to the busboy.  I'm going to bring some pee onto the restaurant manager.

@bbdgoco - I am quite sure that if enough folks do like I do, then most people will no longer want to wait in extremely long lines at a TBTF bank when they could just as easily go bank somewhere else where the banks don't piss off their customers to the point of making even the wealthiest of the middle class "Go Gandhi" on them.   

That in and of itself is changing minds.   

It is also changing minds to make it clear that a bank does not have the right to insist you roll up your change into rolls so it is easier for them to count (i.e. transferring the labor burden on to the customer).  That is total bullshit.  American minted coin is legal tender.  End of story. 

From there begins the idea that a bank does not have any rights to tell you as a customer how you have to pay, etc. 

WTF has happened to our sense of freedom and rights in this country?

I Am The $17.09

Once again - One can simply buy one roll of each denomination of coin, pennies, nickels, dimes, and quarters, and simply remove one coin from each roll and dump all the remaining coins into a cup or plastic bag, etc, and give it to the teller at one's least favorite TBTF bank so that they can count the legal tender coinage for every payment one makes.  One stops doing this as soon as the TBTF banks stop committing crimes.  I think that's the least a law-abiding citizen can do when there is NO Rule Of Law for the TBTF banksters.