LOL

Posted by SGS

Nov 01, 2011 at 07:22 PM

"This is why I continually warn people not to buy the metals for doom and gloom but to buy them as a long term store of wealth and a hedge against inflation…not a hedge against financial chaos" TFV Blog I tend to agree, in some respect. He's got a point.  When the paper manipulators want to take any asset price down (sell) for profit or to get out, usually paper Gold and Silver get crushed too.  Thats why I tell people to buy the phyzz.  You are most likely NOT going to sell it in times of volatility, and in the times BETWEEN when the money printing has halted.  In these times they will shake the leaves, shake shake, shake, and then the ponzi continuum recycles again.  As for today, Gold rebounded SHARPLY and surprised everyone.  This is good news as it reminds me of the strong August session it put in. So if we see silver prices going forward look like: $29, $43, $39, $51, $45, $62, $50, $66, $100, $50 (bubble CNBC touting), $75, $101, $89, $130....etc.  The long term trend is up.  And the longer its up, the longer the debt will be and the more prone to the end game we will near.  Play the paper game, and you will get wiped out.  Play the phyzz game, and it will be virtually impossible to get wiped out, unless of course it goes to ZERO$ and stays there till you die.  Even a snowballs chance in hell has risk.  For those second guessing long term silver prices Click here. If you bought Silver phyzz in 2008, went to sleep, woke up in 2011, did you lose anything in 2009 financial paper selloff?  Same applies today.  But this time is different. Its different because we have added so much debt and paper, the rules of the parabola apply now as the mechanics behind Keynesianism have now failed, and we are seeing the outcome quickly approaching. I was told today that MF Global and its traders were forced into liquidation.  So if that was the Gold and Silver liquidation, then I'd say that was rather tame and good news for the good guys. I would now like to point out some obviousness in markets.  Is it all a coincidence that the $US rallied in the last two days?  Take a look at the chart below from Jessie's Cafe. Notice the long term Blue trend line at 75?  was this a coincidence that the Greeks responded the way they did just at this exact time the $US reversed?  Wow, must be some coincidence.  If there is one thing you need to learn tonight, is that there are NO coincidences in the markets.  There are painted correlations that meet the eye.  The rabbit hole goes very very deep on this.  Its all about the money. Remember that.  And look whats happening around us.  There is an ever growing media Anti-China campaign now.  Oh you haven't seen it? Let me introduce you to the new "Currency Exchange Rate Oversight Reform Act."  In short, it permits issuing sanctions against countries if the Treasury Department concludes they are intentionally undervaluing their currency.  I cant make this shit up.  Talk about hypocrisy.  So running a sound central bank the way Israel, woops I mean, the USA does (add sarc) is frowned upon the Chinese when the crooks cant pay them off to start running a Ponzi continuum model over there too.  This bill has tipped off the Chinese.  Its almost like its a set up to dump the dollar, and use scapegoat China Communism as the new boogyman Al Queta that ruined the world.  Idiots.  And how many dumb Americans will eat this up?  Enough to pass more legislation to bomb them. Cant wait to see what replaces "CHANGE? Yes we can!" this year.  Cant. Fucking. Wait. User Comments Comment by garrylindsay on 2011-11-01 20:26:59 Great image and post SGS! Phyzz Stack 2 Comment by tsksg on 2011-11-01 20:41:40 next obama picture will be "Opps i did it again!" Phyzz Stack 2 Comment by EternalPessimist on 2011-11-01 20:45:30 Coincedences galore, indeed... Didn't the Greek Foreign Minister meet with Hillary late last week? Just days before the referendum bombshell? Sounds fishy to me. So, Cui Bono? Like you show, $US obviously. The 50% haircut wouldn't have trigger a credit event, right? Now, my understanding of CDS is limited, but seeing as though a "NO" vote on the referendum would be the quickest path to default and a CDS payout, it seems that some out there must have an interest in making this shit implode, correct? Either way, pass the fucking popcorn!! Phyzz Stack 3 Comment by strannick on 2011-11-01 21:12:15 And dont forget the coincidence of when the Swissie peg was enacted just as gold, the even more stellar currency, was smacked. "I was told today that MF Global and its traders were forced into liquidation. So if that was the Gold and Silver liquidation, then I'd say that was rather tame and good news for the good guys" I loved how this played out today. Its becoming more obvious with each crisis that Bobo the Bernanke and Obama the Slouch havent got a clue, a plan, balls or brains. Silver is a political movement, that doesnt endure brain dead slackers like OWS. It was the hard currency of past generations that wouldnt endure Central Bank buffoonery. Go back and listen to the speeches of Andrew Jackson. Those generations were much more politically aware than ours. It was the lure of hard money in the ground that sparked gold rush. In BC and Alaska right now its game on, and streams are getting gone over, and land is being staked. Phyzz Stack 5 Comment by SGS on 2011-11-01 21:25:23 speaking of OWS, is that done? Got fizzle? Too cold? Winter coming.... Should have brought guns and violence on day one, instead everyone on the OWS bandwagon scorned me for such comments. Phyzz Stack 1 Comment by Brotha Bob on 2011-11-01 21:36:47 In this manipulated world, nothing is a coincidence. We are all manipulated by TPTB. And they manipulate each other. Greece wants to blow up the Euro, and hence the entire global financial. Wonder when they will run out of stupid pills? Pass the popcorn. ITEOTWAWKI Phyzz Stack 0 Comment by Total_Dickhead on 2011-11-01 21:38:50 Corruption IS EVERYWHERE. SO, if you've fucking well NOTICED by now, the ONLY protection you have is in what EVERYONE flees to when currencies REALLY start to collapse. Is it happening? Or are you thinking "Ooh, let's wait a bit longer, just to be sure". If you're thinking like that you will lose it all. I'll say it again, just because I know a fucking thing or two from waking up every morning and having watched it slowly happening, without making excuses to myself, in my life... You WILL lose all your savings if you keep them in the bank. BUY GOLD AND SILVER. GET OUT OF THE GLOBAL, BANK-CREATED, PONZI SCHEME. Fuck. Phyzz Stack 12 Comment by recapture america on 2011-11-01 21:58:44 Know what will replace" Change"? Friggin Chains! Phyzz Stack 2 Comment by garrylindsay on 2011-11-01 22:02:54 Oh and I place my bets on money printing Phyzz Stack 1 Comment by PaidInFiat on 2011-11-01 22:11:38 Thanks for this post, SGS. Phyzz Stack 0 Comment by reefman on 2011-11-01 22:20:52 > Oh and I place my bets on money printing And what if we are wrong? What happens then? Creditors go bust, all banks go bust, and the US Dollar remains.... gold down to $35/oz, silver down to $2/oz..... Just musing... These are psychopaths we are dealing with, they could do anything, and I have not seen much if any analysis on hyperDEflation. Phyzz Stack 0 Comment by SilverRoofer on 2011-11-01 22:23:44 Love the Obama picture in his "WIFEBEATER" t shirt was that from a seen of cops when they were in chi town? Phyzz Stack 1 Comment by SilverFocker on 2011-11-01 22:24:41 Some choice we got....Black Acorn or Black Walnut. Dont matter no more now as long as the FED is in control........one day, one day. Phyzz Stack 0 Comment by reefman on 2011-11-01 22:39:55 Which way causes the most mass casualties, meyhem, and loss of human life? Which ever way that is, that is the way they will go because that is their purpose to rid this world of the cancer of human beings. So.... can they kill people by hyperdeflation where there IS NO MONEY (only "stuff"), or can they kill people by hyperinflation where there IS ONLY MONEY (and nothing else)? Which way is the best way to kill 6 billion people? Keep in mind they also want to rid the world of chinky-eyed communist Chinese just as much as they want to kill blue cow-eyed "Euro/Ameri-peans"... Brzezinski: "Its easier to kill a million people...than it is to control them" http://www.youtube.com/watch?v=wKzEpQc-yo8 Phyzz Stack 0 Comment by bflowers on 2011-11-01 22:42:01 I keep a Craiglist up, and I had a guy come down to my shop today to get rid of forty silver eagles.. 30.oo an ounce.. So the Sheep still don't have a Clue! Phyzz Stack 1 Comment by recapture america on 2011-11-01 22:48:20 Chinese Silver Investment Going Parabolic http://www.financialsense.com/contributors/dan-collins/2011/11/01/chinese-silver-investment-going-parabolic Phyzz Stack 0 Comment by strannick on 2011-11-01 22:52:06 If gold goes to 35$ an ounce, or gold tanks like it did in 2008, then houses will be going for $1000. If gold goes down, everything else will go down much more. When gold goes up, it goes up before, and more, than everything else. Phyzz Stack 2 Comment by COMEX Default on 2011-11-01 23:23:01 I'm skeptical that we will ever see a hyperdeflation and gold at $35/ounce. The first reason is that all banks would go under, and plunge the world into a huge depression. We're talking riots in the street. The second reason is similar, try telling all of the union workers in this country that instead of getting pay increases this year, they are going to take a 90% haircut on their wages. See how long that lasts before again, more riots in the streets. People will beg for the Xerox's, Canon's, and HP's to be turned back on. Phyzz Stack 2 Comment by Jasper on 2011-11-01 23:36:18 JSminest has the goods on MF Global. Seems the bankers said no credit default even with 50% so their hedges were for nothing and they blew up. FYI check this video out the funniest shit on PM, Fiat and silver out there. I promise epic LMAO. http://www.youtube.com/user/houseofthemoon#p/u/2/L6yFnXAZgMA Phyzz Stack 0 Comment by Jasper on 2011-11-01 23:38:42 I'm guessing 3am will be the rape job tonight with a strong open and then pull back by NY close. Any bets? Phyzz Stack 0 Comment by holycrooks on 2011-11-02 00:07:52 silver is my saving account, it is way better put my money in bank for a stinky penny interest. when I need money I can't sell my garage or a bedroom, but I can always sell 1oz or 10oz. Phyzz Stack 1 Comment by tyberious on 2011-11-02 00:36:07 Humm, Im not sure what Dan is thinking here. When no one trust fiat currency, because they will print before they allow the system to crash, what other methods of exchange will people accept? euros, frns, how about Gold and Silver. He misses the point completely, Au and Ag, do not trade freely! Phyzz Stack 0 Comment by tyberious on 2011-11-02 00:38:20 http://thefundamentalview.blogspot.com/2011/11/risks-of-disorderly-default-now-closer.html#comment-form Ladies and gentlemen … we may very well see the fate of Europe come down to a vote by the people of the nation that gave us democracy. A note vote and we may get the financial Armageddon that the doom crowd has been hoping for. However, look at both gold and silver. Both down significantly today. This is why I continually warn people not to buy the metals for doom and gloom but to buy them as a long term store of wealth and a hedge against inflation…not a hedge against financial chaos. As I have mentioned in the past…when the shit hits the fan, every asset class will be sold.