ебать! 他妈的 !! באַרען !!!

527
Fri, Sep 23, 2011 - 3:02pm

I'll always remember where I was when silver was crushed for $6 on the Sunday night back in April. I'm sure that I'll never forget the past two days, either. These are amazing times to be alive. Historic.

The main thing that surprises me about all of this is the fact that it is so surprising. I would never have expected a two-day, 25% drop in silver when the open interest on Wednesday was only 111,500 contracts. Similarly, how can gold fall over $200 when the open interest before the fall was under 500,000. The question we need to answer is: Who/what is selling? We'll have to wait to see the Open Interest numbers this afternoon to see where we stood after yesterday and we'll have to wait until Monday for today's numbers. To hear the pundits talk, the PM "bubble" has finally burst as "investors flee for the exits". If that's truly the case, then the OI numbers we get on Monday should show total silver OI of around 80,000 contracts. Gold should drop to something under 450,000. If the OI numbers come in flat to only slightly down, then we've not simply seen a bubble pop. We will have witnessed, over the past 48 hours, a massive manipulative short-selling spree the likes of which we've never seen before. I'll leave it at that for now because it would be useless to speculate further before we see the actual numbers on Monday.

At any rate, the pre-close drop we discussed on the earlier thread did, in fact, materialize earlier as gold briefly touched 1632 about 90 minutes ago. With that behind us, the worst may be over. May be over. The gap on the daily chart from 8/7 has finally been filled and all of this certainly appears overdone. However, do not be surprised by some follow-through selling Sunday night and into Monday. There will be a sharp rebound next week, of that you can be certain, but I would thoroughly discourage you from trying to catch it. In the immortal words of the 70s icons, Paper Lace: Billy, don't be a hero!

The beating that silver has taken is simply preposterous. I'm not even going to try to explain it other than to state again: When the regulators don't care and the market is dominated by JPMs tenuous short position, periods like these are going to continue to happen. Does that mean your physical silver is a stupid investment? Hell no! But if you're going to base your happiness, sanity and willingness to protect yourself financially upon the whims of an unfairly manipulated, 100:1 leveraged paper silver futures market, maybe you should just give up and head back over to Y! Finance and Mad Money. If you truly believe as I do that we are in the death throes of the Keynesian Experiment, you'll use this opportunity to stack even more physical and laugh at the absurd irrationality of the last two days.

That's all for today. Please be sure to check the site tomorrow morning as I will be publishing another TF Metals Report podcast for your enjoyment. It's about an hour long and well worth the listen. Have a great Friday evening and be sure to keep it all in perspective. TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  527 Comments

Tesla
Sep 23, 2011 - 5:13pm

Margin Hikes

https://www.zerohedge.com/news/gold-liquidations-open-thread

https://www.zerohedge.com/news/case-closed-cme-hikes-gold-silver-copper-margins

https://www.traderdannorcini.blogspot.com/

As of the close of trading on Monday afternoon, margins for the precious metals will be increasing.

For Gold

Old Margin New Margin

$9,450 $11,475

Old Maintenance New Maintenance

$7,000 $8,500


SILVER

Old Margin New Margin
$21,600 $24,975

Old Maintenance New Maintenance
$16,000 $18,500

a_guy_in_hainesvillemurphy
Sep 23, 2011 - 5:14pm

ебать! 他妈的 !! באַרען !!! Is

ебать! 他妈的 !! באַרען !!!

Is anyone else's subject of Turd's last post looking like this? His WOW turned to this every time I load the page.

FriedEggs
Sep 23, 2011 - 5:15pm

Jebi Ga

I didn't know a new thread got started and i really wanted to share my afternoon story...

I came home from work.

.

I sat on the couch and clicked on the tv.

.

I turned to BNN business news and seen the prices of Au/Ag and the whole market.

.

I then turned the tv off.

.

I went outside and lit one up.

True Story

.

Fried(e) ...Nothing new under the sun...

cpnscarlet
Sep 23, 2011 - 5:16pm

Problems

page two of this post also seems broken

Lowland Man
Sep 23, 2011 - 5:17pm

problem @ speconomist

I have the same problem. Last comment I see is Stevy,s comment,but it is an empty textbox.

MIDDIE
Sep 23, 2011 - 5:20pm

PAGE 2

I have the same problem on page 2.

TitanAe
Sep 23, 2011 - 5:20pm

Set-up know question about it !!!!

Do you want the answer why people are buying the Dollar !!!?? They are buying it because this has been a big set up, Look at the price movement in silver and gold in the last 2 days its utterly crazy!!!! Drive the markets down hard and fast and where do people put there money ????? U.S T-bills, bonds ,dollars you name it. After all when you know people won't willing buy your crap you create panic and like a herd they all pile into them. Thank you very much just sold my 400 billion of bonds I needed to unload !!! Next !!! P.s use the eurozone as the cloak to pull this off timing is everything !!!

speconomist
Sep 23, 2011 - 5:21pm

Guys, I have problem to

Guys, I have problem to access https://www.tfmetalsreport.com/blog/2486/wow?page=1 and the latest comments of that page, anyone else?

Last one I can read is from murphy, called random thoughts.

The problem comes immediately afterwards from stevy's comment, where he links a youtube video with an iframe. I am not an expert in online security, exploits, etc. but Turd, you may want to look into that.

beardeus
Sep 23, 2011 - 5:23pm
Vincent
Sep 23, 2011 - 5:24pm

Marginnews

Inside Vincent! 2 page does not work! marginnews is not present

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
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Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
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10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
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Key Economic Events Week of 9/23

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9/10 10:00 ET Job openings
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9/3 9:45 ET Markit Manu PMI
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Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
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8/13 8:30 ET Consumer Price Index
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8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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