Easter Weekend - BLSBS - Open Thread

It's a 3-day holiday weekend. Markets are closed in the U.S. Too bad, too, as the metals would have seen a pop today.

As this is a holiday, I'll keep this brief with a few links links lifted from ZH that should begin the conversation. First up,  this Lee Adler piece discussing the outright manipulation of the BLSBS data:

http://www.zerohedge.com/contributed/2012-14-05/nonfarm-payrolls-should-fall-377000-they-won’t

Next, here's the report of the actual data. (All the political incentive to goose these numbers and the best they could do was a lousy +120,000? Yikes! And the drop in the headline number to 8.2% is simply based upon a big reduction of the total number of people "in the labor force".)

http://www.zerohedge.com/news/nfp-big-miss-120k-expectations-205k-unemployment-82

http://www.zerohedge.com/news/average-march-seasonal-adjustment-factor-824600

Lastly, a lot of talk about the Blythe Master interview yesterday on CNBS. Watching the video is fine and it's included in this ZH link. What you really need to read, however, is "Tyler's" reporting of it. Absolutely spot on analysis. For whatever reason. "Tyler" never overtly joins the goldbug camp. However, it is quite clear that, deep down, he is one of us.

http://www.zerohedge.com/news/blythe-masters-blogosphere-silver-manipulation-its-gold-axed-clients-and-doing-wrong-thing

I'll stop there lest someone think that Harvey Organ has taken over as guest "Turd" for the day. I hope that everyone has a safe, relaxing and fun holiday weekend. Get ready for a wild week next!  TF

275 Comments

SaratogaPrepper's picture

Starlight

I have been stacking since 2001 and have a mix of both ASE's and generic rounds. The only advice I have is to stick with the better known mints; Golden State, APMEX etc. Don't forget "junk" silver (pre 1964 dimes, quarters and halves). 

Good question on the copper rounds. I've been meaning to ask that same thing.

Edit : I should have said that I DID ​have a mix, until that horrible ice fishing incident.

I_ate_the_crow's picture

Change the Story - - Change the System

Excellent post by Michael Edwards - http://www.activistpost.com/2012/04/global-great-depression-and-population.html

The global elite continue to ignore that the problems which have been generated across the globe have very little to do with true resource shortages, unsustainable economies, or overpopulation; but rather the centralized control, mismanagement, and outright theft by corporate entities using globalization as a means of reducing sovereignty and self-determination.

And if articles like that aren't your cup of tea, perhaps you watched the movie or read The Hunger Games? http://vigilantcitizen.com/moviesandtv/the-hunger-games-a-glimpse-at-the-new-world-order/

Do we owe it to ourselves to at least consider the possibility that - in addition to or as necessary part of the dystopian wet dream summarized so well by Edwards and VC above - all of the insanity unfolding before us is designed to keep humanity paralyzed with fear so as to suspend the majority of the population in an energetic state so toxic that they are unable to cope with something like this? http://www.zengardner.com/is-nasa-tracking-the-cosmic-shift/

Man is an epitome of the cosmos, a creature housing the divine spark. Man is not an evolved amphibian, an animal form that became what we are. Man is perfect at his origin, a divine being who has degenerated into what we are.    - Schwaller De Lubicz

Change the story - - Change the system

THE EMPTY BOAT

He who rules men lives in confusion;
He who is ruled by men lives in sorrow.
Yao therefore desired
Neither to influence others
Nor to be influenced by them.
The way to get clear of confusion
And free of sorrow
Is to live with Tao
In the land of the great Void.

If a man is crossing a river
And an empty boat collides with his own skiff,
Even though he be a bad-tempered man
He will not become very angry.
But if he sees a man in the boat,
He will shout at him to steer clear.
If the shout is not heard, he will shout again,
And yet again, and begin cursing.
And all because there is somebody in the boat.
Yet if the boat were empty.
He would not be shouting, and not angry.

If you can empty your own boat
Crossing the river of the world,
No one will oppose you,
No one will seek to harm you.

The straight tree is the first to be cut down,
The spring of clear water is the first to be drained dry.
If you wish to improve your wisdom
And shame the ignorant,
To cultivate your character
And outshine others;
A light will shine around you
As if you had swallowed the sun and the moon:
You will not avoid calamity.

A wise man has said:
"He who is content with himself
Has done a worthless work.
Achievement is the beginning of failure.
Fame is beginning of disgrace."

Who can free himself from achievement
And from fame, descend and be lost
Amid the masses of men?
He will flow like Tao, unseen,
He will go about like Life itself
With no name and no home.
Simple is he, without distinction.
To all appearances he is a fool.
His steps leave no trace. He has no power.
He achieves nothing, has no reputation.
Since he judges no one
No one judges him.
Such is the perfect man:
His boat is empty.

- Chuang Tzu -

worldend666's picture

NW View Christians claiming

NW View

Christians claiming countries for their own particularly irritate me. 

In the United States, freedom of religion is a constitutionally guaranteed right provided in the religion clauses of the First Amendment

Go do your Christianity where ever you like but don't shove it in my face please.

El Gordo's picture

It's all about who you (or

It's all about who you (or the person you wish to buy from) trust.  An ASE is easy to identify, and it's content is guaranteed by the US Mint versus Joe Bob's Generic Mint and Bait Shop's guaranteed 1 oz .999 pure silver.  At face value, I would prefer the ASE.  If the larger sellers started salting their generic rounds, word would probably get out pretty quickly, and they would be out of business, but it might take a little longer for word to get around on Joe Bob's products.  Bullion would probably need to be assayed, or at least certified by an expert in order to be used as currency, so once again, who do you trust?  I've personally got a little of all of it - sometimes the sales offered on generic rounds and bars are just too good to pass up.  All that matters is who has be biggest stack when the currency is deemed worthless.  BTW, this advice is worth exactly what it cost.  

Quixote2's picture

She's my girl.......................also.

If Blythe can get paper silver below $27, I will find the means to buy a green box or two.

boatman's picture

clinky

g'ville can be real slow...i've seen people get 4 shipping dates......one after another.

but come it will.

*************************************************************

@QQQQTRADER.............the NASDAQ is over valued at these levels.

AAPL will be the best short of the decade..........possibly behind CISCO tho.

Louie's picture

@ Starlight- Stacking for currency

If that is your goal, skip the rounds and go for 90% dimes.  No premium and easier to divide. 

Copper coins are a waste, don't buy them. 

Zoltan's picture

Long Weekend Thoughts

Eagles or Generic is the wrong question, it should be a percentage of both.  If you are new I would start with eagles then balance with generic to whatever ratio you decide on.  You also need to be asking yourself what percentage of gold versus silver.

As far as price action lately it is frustrating to see something you own and believe in undervalued due to manipulation.  But remember what SGS's cartoon bears said a relatively long time ago in this PM market, think in terms of ounces, not dollar values.  

As far as future price action I am still optimistic of a price pop over the next few months.  This would shake out a lot of weak hands who were late comers to the PM game and may get out if they could cover their initial investments.  A run by silver back to the 40's would free up a lot of physical for the EE.  They kicked the can twice with the MFGlobalization of client silver (1.2 million ounces) and the Kodak bankruptcy (JPM was the mortician) so what other physical source can they raid?  Throw some crumbs to the plebs by allowing them to sell some of the stack at "near an all time high" in the forties.  Maybe even let it get into the 50's before another smash down to punish those who didn't "get out while they could".

The leverage and fraud in the silver market is astronomical in my opinion.  The true value of physical silver is an exponential increase from the current suppressed "price".  Some day we will have price discovery, I only hope it isn't so late in the game that those of us who had the foresight to buy silver won't be able to enjoy the benefits of our wisdom.

Z

Louie's picture

MOther of all vote buying

http://news.yahoo.com/housing-secretary-pushes-mortgage-write-downs-235316863.html

Article headline should read, "Democrats plan on buying mortgage holder votes." 

abreik's picture

@starlight

Even at today's prices, a one ounce silver coin is too valuable to use as a medium of exchange.  If silver goes to $300 per ounce as some believe, even 1/10th ounce coins will be too valuable as a medium of exchange (a smaller coin would be needed to make change and a 1/10th ounce coin is already pretty small).  I wouldn't count on a physical exchange of silver coins in a new paradigm (or if at all, it'd be some <50% coin that doesn't exist yet).  That said, I think a variety of coins in a stack is a good idea.  A few eagles, a few maples/phils/other, a few generic 1 ounce, and some 90%.  Just in case (after a stack is substantial with cheaper stuff), a few semi-numis like kooks can't hurt.  Some times if I think the price has further to fall short term, I feel better then picking up semi-numis and then when I think the price short term is the absolute bottom then I'll go for generic/cheap stuff.

I like the idea of having copper in the stack, but right now the premium is just way too high.  The premium would need to be well under 10% for me to want copper.  Until then, US nickels are the only way to go in my opinion.

cris's picture

Wow, Ted Butler just eviscerated the Blythe Masters TV interview

Pretty interesting take.

Hopefully he will put it in the public domain.

¤'s picture

Black Magic Woman w/belly dancer

Patrancus's picture

Silver rounds

Silver rounds are not preferred if your plans include circulating them around your town after the shtf scenario, easily recognizable 90% US coinage is preferred by most for that use, halfs, quarters and dimes by the bag I say.  Generic Silver rounds are ok for conversation piece though the average joe on the street will probably see then for the first time when you pull one out to trade and won't have a clue as whether or not they are real or fake. Everyone who stacks has at least a few ASE's the most beautifully designed coin in the world, I prefer buying those in the little green shoe box. cheers!

tpbeta's picture

The politics of QE3

Now I'm not an American but it seems to me that it's important to keep QE3 way off the table until Romney is confirmed as Republican candidate, seeing as how the other candidates are making it an issue. After Mitt has the nomination tied up, the phone call goes something like this.

MR: Hi Mitt here

Goldman Sachs/JP Morgan: Oh Hi Mitt, Lloyd/Jamie here. How's it going with the campaign?

MR: Oh pretty good. Speaking of which, I don't suppose you have a few millions to donate.

GSJPM: Hey no problem. Check's in the post. $10 million do ya?

MR: Great guys. Thanks a bunch

GSJPM: Oh just one thing...

MR: Sure name it

GSJPM: we were just wondering if you'd be really kind and do us a favour and just STFU ABOUT BERNANKE AND THE FED AND QE OR WE'LL BURY YOUR CAMPAIGN SO DEEP THEY'LL NEED TO HIRE A CHILEAN MINER TO FIND YOU. GOT IT, ASSHOLE?

MR: err no problem. Consider it never mentioned again.

'Sterilised' QE starts the following week.

worldend666's picture

Why There will be no QE3

QE3 is very old news and it's not going to happen officially. Here is why:

http://www.zealllc.com/2012/goldqe3.htm

steveo's picture

Happy Easter! May you find a

Happy Easter!

May you find a Golden Egg!

tpbeta's picture

Interesting take - thanks for

Interesting take - thanks for posting.

However "while the lack of a QE3 is being used as an excuse for hot money to slosh out of gold periodically, it is certainly no fundamental justification. "

One man's sentiment is another's fundamental. When I hear talk of the fundamentals, I get very suspicious.

Santa&#039;s Elf's picture

Rounds vs. ASE

If you want a little historical perspective, it's worth noting that when it came to the hyperinflation experienced in Argentina, the premium for coins versus bullion simply disappeared.  Gold was gold (assuming we're talking 24k), and numismatics were valued for the gold content, nothing more.  That said, a good case can be made for just trying to get the most bang for your buck.  Fact is, your everyday Joe who you'll be trading with, most likely won't know the difference early on.

However, I agree with much of what has been posted so far....the best approach is a diversified one.  Here are a few obvious pros and cons: 

90% - Pros: Small denominations (ideal for bartering), easily recognized, little to no premium (at least where I live) / Cons: Lower buyback price (because needs to be melted down), storage weight/transportability

Rounds - Pros: Lower premiums than ASEs, .999 purity ensure higher buyback, easier storage (space-wise), people like shiny things smiley / Cons:  storage weight/transportability, non-currency, may not be preferred by some

ASEs - Pros: Easily recognized, high buyback price, US Mint guaranteed purity / Cons: high premium, storage weight/transportability

Gold - Pros: Transportability/storage, revaluation possibility (ie, Freegold), 5000 years of monetary use / Cons: Large denomination (no good for small item barter), lower upside potential (?), higher risk of eventual confiscation (though admittedly, I'm not in the camp that sees this as a very likely possibility)

All things considered, there are pros and cons to virtually everything, so why not get some of each?  yes

opticsguy's picture

Hunger Games

see Soylent Green, Logan's Run, and then there's H.G. Well's "The Time Machine".  The Morlocks serve the Eloi.

\

Eric Original's picture

I just "unfollowed" Jim Rickards on twitter

He's become just another garden variety Republican Party shill.  Retweeting crap from a douche like Eric Cantor? Seriously?  Bye Bye Jim.

Gramp's picture

The NSA Is Building the Country’s Biggest Spy Center (Watch What

The NSA Is Building the Country’s Biggest Spy Center (Watch What You Say)

The broad outlines of the so-called warrantless-wiretapping program have long been exposed—how the NSA secretly and illegally bypassed the Foreign Intelligence Surveillance Court, which was supposed to oversee and authorize highly targeted domestic eavesdropping; how the program allowed wholesale monitoring of millions of American phone calls and email. In the wake of the program’s exposure, Congress passed the FISA Amendments Act of 2008, which largely made the practices legal. Telecoms that had agreed to participate in the illegal activity were granted immunity from prosecution and lawsuits. What wasn’t revealed until now, however, was the enormity of this ongoing domestic spying program.

more here

http://www.wired.com/threatlevel/2012/03/ff_nsadatacenter/all/1

goldenbear's picture

Ted Butler

For your reading enjoyment... found a little gem while visiting cafe americain.

Great little interview with butler...

http://moneymorning.com/2012/04/06/the-who-how-and-why-behind-silver-price-manipulation/

goldenbear's picture

Jim Rogers

GBTV interview... not a huge fan of beck but eat the fruit... spit out the seeds.

goldenbear's picture

Judge...

Alright the final video from me... this interview is a must watch for every American, man, woman and child.

A MUST WATCH...

I_ate_the_crow's picture

Good for you Eric, there's a

Good for you Eric, there's a reason the word SILVER isn't mentioned a single time in Currency Wars. He's one of them. That's not to say the book wasn't useful though, lots of insights into what they are planning. Insiders are useful in that respect so long as you know where their allegiances lie. He just fails to mention the fact that the same people control every sovereign nation in the world and "currency wars" is a convenient strawman for more debt, death and destruction at the hands of the globalists.

Opticsguy I agree, some good ones you listed there. I love science "fiction". Classic insider accounts like 1984, Brave New World, and the ones you mentioned go without saying, though I think more recent films like In Time and Hunger Games are equally instructive. However I would argue that INGSOC won't be the government per se, it is already here in the form of the international shell game going on between the balance sheets of multi-national corporations, central banks, state and local government pension funds, and formerly sovereign nations. That reminds me, I posted it the other day but if anyone hasn't seen Clint Richardson's work go on youtube consider spending 8 hours watching Corporation Nation and The Great Pension Fund Hoax. The solutions are largely irrelevant imo but the analysis is fantastic and really underscores the practical operational structure of global fascist government.

And since I'm a troublemaker, drunk, it's Easter, and an open thread.....

Santa&#039;s Elf's picture

Speaking of dire warnings....FOFOA's latest

In case anyone still thinks deflation is a realistic eventual outcome, may I suggest FOFOA's latest.  In my mind, FOFOA sets the bar for top shelf info and analysis.  For those of you who haven't cut your teeth on FOFOA, his/her posts are seldom easy reads, but they reward those who put in the labor to understand them.  The whole article is worth reading here, but here's a little summary:

"In case you're having difficulty connecting the dots I've laid out (not) so subtly, I'm talking about a near-term dollar super-hyperinflation that will make your hair curl and make Weimar and Zimbabwe seem like child's play in the rearview mirror."

As far as I'm concerned, this epitomizes why I stack.  It's coming as sure as the sun rises...only a matter of time.

¤'s picture

Cactus Makes Perfect

Gold prospectors Larry, Moe and Curly head West to make their fortunes with Curly's new invention. But a couple of claim jumpers get hopping mad at the intruders.

http://www.tfmetalsreport.com/forums/frivolity-forum

WhyMeLord's picture

For My Blythe

silverstax's picture

PM Diversification

Nice list Santa's Elf! I totally agree - it's best to have some of everything to cover your bases.

I have one more item on my list - some gold jewelry. Why jewelry? In case you need to flee and/or cross a border or checkpoint of any sort, wearing gold jewelry under your clothing is much more likely to slip under the radar than sacks of big 'ol 1oz coins. You can leave your larger bullion safely at the bottom of the lake, and travel with a small coin purse full of 90% silver and a couple of gold necklaces/bracelets. Wear a wool sweater and you'll blend right in with the sheople smiley

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