Whatever

234
Fri, Apr 19, 2013 - 10:24am

I'm just generally tired, so I'm taking the day off. Here's an "open" thread.

If you haven't seen it yet, below is the CBC documentary, graciously supplied by "forwhomthetollbuilds". Very kind of him to take the time to record and upload. All three parts are below. Part III is the only one of real interest.

Obviously, the producers chose to exclude the information which I was hoping would finally begin to see the light of day. Thus the title of this post. I'll try to pick up my armor and rejoin the fight next week but, for now, I can't help but feel a bit dispirited.

Have a good day and try to remember to play nice, keeping in mind, of course, The Golden Rule.

TF

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  234 Comments

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zman
Apr 19, 2013 - 3:46pm
Kcap
Apr 19, 2013 - 3:44pm

CoT

Wow!!!!!!!!!!!!!!! Not what I was expecting!

Kcap

ps. Between short covering and going long, hedgies added 10K!

NonoverlappingMagicCerealTF
Apr 19, 2013 - 3:37pm

@TurdFergson - now we're getting somewhere!

So if it becomes clear that fractional bullion banking is collapsing as delivery/supply shortages persist and paper gold is priced at $1200 or $12,000, would you consider that a shocking development?

Yes, I would find that to be very surprising, and I avoid predictions at all costs! Again, not in the immediate aftermath of a big drop like we've just had, but since you use the word 'persist' I assume that's what you meant.

So care to answer mine? If you feel confident with a simple 'yes' or 'no', I see no need to continue further. It's not like I'm asking you to ingest any foam products or anything like that :)

edvardd
Apr 19, 2013 - 3:36pm

2 Mammoth, Junk Silver vs. ASE's

I could be wrong, but on the first photo fake coin

Apr 19, 2013 - 3:35pm

Holy Cow!

Massive LargeSpec short covering forced The Cartels to add shorts!

Details to follow.

ChicagoMark
Apr 19, 2013 - 3:34pm

The "Invisible Hand" Is Not Working

Free market economics works as Adam Smith said due to an "invisible hand". This "hand" keeps the market going by making sure buyers and sellers get what they each want at certain prices. When prices get too low and demand surges, shortages occur. To correct that prices rise to fill the gap. --- I know, very simplistic summary.

This invisible hand is not working in the silver market. Physical buying and selling has been reduced to a crawl at best. There is enormous demand, with very little to sell. Buyers can't buy because sellers have nothing to sell at these prices. However, prices are not going up to fill the gap. They are not moving or even weakening. Any more weakness would just not make sense when discussing market dynamics. However, we all know when it comes to silver, we now operate in a different world where market dynamics are suspended.

ForWhomTheTollBuilds
Apr 19, 2013 - 3:33pm
Groaner
Apr 19, 2013 - 3:33pm

Dow going green now on Bernanke Bucks!

Every insider in the companies are selling their shares.. They know whats really going on.. The sheeple investors will be taken to the cleaners soon.

ForWhomTheTollBuilds
Apr 19, 2013 - 3:30pm

A question for commodity exchange historians

Let's say there is going to be a PM default eventually on silver (I don't know this of course, but lets start there).

Based on previous commodity exchange failures, would it be likely that the comex would have silver right up until the bitter end, or would they be more likely to default before the physical shortages in all other places became pervasive?

This came to me because of the above linked zerohedge article about the Chinese exchange running out of gold. I started thinking about how a growing public awareness of shortage plays out. Maybe these comex guys are so insular that they can be the last to succumb, especially if there are official forces that need to keep an illusion of normalcy going.

I don't know that I even expect "an answer" to this. My mind kind of reels when I consider it though.

NonoverlappingMagicCereal
Apr 19, 2013 - 3:30pm

OK, then I'll re-phrase

So if it becomes clear that fractional bullion banking is collapsing as delivery/supply shortages persist and paper gold is priced at $1200 or $12,000, would you consider that a shocking development?

If MrsF suddenly comes home and finds me romantically entangled with Lea Michele, would she consider that a shocking development?

See, we could play this all day. Let's just stop now, instead. The CoT is out in 2 minutes.

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