Open Thread. Turd Unavailable until 3:00 EDT

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Fri, Jun 17, 2011 - 10:02am

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aomegaaFriedEggs
Jun 17, 2011 - 3:22pm

This is troubling. Comex

This is troubling. Comex activity is just a small piece of the total silver market. Is it not.Sure would like to hear from the experts.

Eric Original
Jun 17, 2011 - 3:21pm

Brigus Gold--Article from Motley Fool

Here's very positive article from Motley Fool about Brigus Gold. I own it.

https://www.fool.com/investing/general/2011/06/17/why-i-doubled-down-on-...

silverbleve
Jun 17, 2011 - 2:54pm

Silver has been capped at 35.50

For a while now, looks alot like a HFT algo to me. It may get over that number for a moment, but only because it is overshooting and it takes a few seconds for the algos to kick in. We are range bound. Best way to scare off investors is actually to take away the volatility. A good trader makes money weather it goes up or down, keeping it range bound is more effective as a deterrent than just smashing it down once in a while in the standard raid patterns we have become used to. Its a lot more sophisticated too, no need to bother having a monkey with its hand on the mouse clicker shorting when you have a machine that will do it for you 24-7.

Remember the magical 36? I think its still real. There is no "market", there is no price discovery, there is %80 EE machines against us.

Mickeyagauinvest
Jun 17, 2011 - 2:52pm

QE version x/Debt Ceiling and Turds Dome chart

IMO no QE3 or whatever until the debt ceiling is raised--Fed cannot buy debt from Treasury that the Treasury is not authorized to issue (yes-the little issue of Federal Pensions).

Just a technicality. Unless during July what is coming due in Treasuries is not rolled over by a 3rd party which will present a problem. Not--thats why we have creative accountants.

Take a look at Turd's Dome chart of yesterday. If gold sticks around here for the last hour gold pokes above the rounded dome. Then, maybe with the margin decrease going into effect Monday we will not see a decline, which may be trumped by whatever happens with Greece over the weekend. USD kind of weak too. Its ~75 and I think it was above 76 Wednesday.

and at 1538 we are a spit away from 1545--what was closing high 6 weeks ago?

FriedEggs
Jun 17, 2011 - 2:47pm

Happy FRYday fellow

Happy FRYday fellow Turdities...

I enjoy reading the daily weekday short articles over at www.kitco.com as there are a lot of good analysts that are bullish and promote investing in PMs among other things....

Then their is this fuckin guy - Jon Nadler, SENIOR Kitco ANALYST

Honestly - WinTF is this guy thinking? Is he a shill? Is he THAT delusional? What is his motive?

---------------------------------------------------------------------------

June 17, 2011...

https://www.kitco.com/ind/Nadler/jun172011A.html

This what he said today...

While on the subject of silver, do note that, no, we are not about to “run out” of the stuff; not in the very least. Aside from the fact that the latest (ABN AMRO-sourced) market statistics show a clear and unequivocal rise in mine output for the white metal (rising from 22,000 tonnes in 2009 to 24,000 tonnes in the current year’s estimate) and aside from the fact that scrap supply is actually experiencing a slight shrinkage (dropping from 12,750 tonnes in 2009 to the estimated 11,300 tonnes for 2011), the total supply of silver is nearing the 36,000 tonne mark this year.

What about demand? Well, it is not rising, that is what appears to be the factual case. Total silver demand was 28,500 tonnes in 2009 and it is projected to decline to 27,000 tonnes in the current year.

Contrary to certain overly optimistic “takes” on the market, we note that jewellery and flatware are actually gaining a bit (rising from 7,000 tonnes in 2009 to 7,200 tonnes in 2011), and that industrial offtake is nearly flat for a third year; hovering in and around the 12,500 tonne level.

Silver’s investment demand (all-important of late, anyway) is also expected to take a dip from the 9000+ tonnes it absorbed in 2009 to the roughly 8,500 tonne level being anticipated for the current year by ABN AMRO. The net result? A SURPLUS of 7,333 tonnes in the silver market, being forecast for 2011, and one to be compared to the approximately 6,700 tonne overhang we saw in 2009. You may now close ‘the book’ on allegations that we are nearly “plum out” of the white metal.

-------------------------------------------------------------

It was only a few days ago, this week, that an article showed the exact opposite, from our friends at ZH...

https://www.zerohedge.com/article/first-time-total-comex-silver-drops-below-100-million-ounces-physical-deliverable-silver-und

Any thoughts?

AU/AG 4 Life

Fried(e)

P.S. Now, the only reason why i read Nadler and any other delusional shill is because you gain information from that too... Remember, the old maxim - 'Keep your friends close and your enemies closer'? I think that can be applied here, because their is good information to gain from the other side that helps us on our Quest...All part of the game.

agauinvestWineGuy
Jun 17, 2011 - 2:35pm

End of QE2 - temporarily

"QEII is supposed to end June 30th. We all know QEIII or something similar will commence July 1st. Here's another thought ..... perhaps BB will surprise the market and pull an FDR and revalue GOLD July 1 at the close of market. July 1 is on a Friday. Monday the market is closed for July 4th celebrations in the USA. Can't think of a better July 4th gift. "

I don't think it's fair to say "we all know" that. I actually don't think that. Since 7/1 is a "go-away" day for traders and bankers, and is a pre-holiday Friday anyway, I think that with QE on hiatus or not, it will be quiet, so it wouldn't be really necessary to start that day.

Also, I think there is going to be some pain before a very big or public QE3 can happen. They've strongly telegraphed this. I know they lie a lot, but sometimes they tell the truth, usually when they figure nobody is listening or will believe them anyway. ;) Truth disguised as a lie.

WineGuy
Jun 17, 2011 - 2:06pm

End of QEII?

QEII is supposed to end June 30th. We all know QEIII or something similar will commence July 1st. Here's another thought ..... perhaps BB will surprise the market and pull an FDR and revalue GOLD July 1 at the close of market. July 1 is on a Friday. Monday the market is closed for July 4th celebrations in the USA. Can't think of a better July 4th gift.

Eric Originalbuzlightening
Jun 17, 2011 - 2:04pm

afrum is back!!

way to go buzlightening!!

long time no see buddy.

libertas
Jun 17, 2011 - 1:51pm
KingLOCARjonny
Jun 17, 2011 - 1:50pm

Art imitates life

Wow, this looks great! I'll look forward to the beta.

Dom

cvgames.com

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