Anti-Neocons

Buying silver still the way to go. who would of thought
The US dollar does not qualify as money. lol
Mexico is buying 100 tons of gold.
China is buying 1000 tons of gold.
(spoiler alert) America is dying.

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Know your enemy

keiser has some fucking explaining to do. i have friends that lost money cuz of his crash jp morgan campaign. anyone who got in around 37 or so and didn't get out around the peak lost money. fucking asshole. that might be why you don't see xed around here very often. that one day crash in silver and one day crash in oil have got to be market manipulation but keiser didn't even act like that was a possibility. yeah it's gonna go up but for how long? it'll crash again and the government will just try to sieze metals (gaddafi?) making the conspiracy theorist speculator the patsy with the bill.

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bulls on parade!

From what I hear, silver is now and always has been a LONG TERM investment. Not sure though. I'll let you know in a couple of years. I'm quite certain if your friends would be patient and hold onto it they will be doing themselves a favour. I know people that got in at $12 about 5 years ago - and they're still hanging on. Now THAT is success, I would say. Lets resurrect this thread this time next year and see what happens.

FWIW: It was a correction, due to arrive sooner or later, and most significant to johnny come latelys who really only started to get in during the past six months. Imagine the squeals uttered by some in 2008 (bailout, remember?) when it fell to 8.785, a 50% plus drop from the previous somewhat sustained high.



For those short on time, the punch line is the last line.

A Word on Corrections
By: David Galland, Managing Director
-- Posted 10 May, 2011
Casey Research
http://news.silverseek.com/SilverSeek/1305050192.php

Today I’d like to share a couple of thoughts on the matter of the correction in commodities about which we have been so vocally warning, and which has now occurred.

After having written in early April about the possible market response to the end of QE2, specifically about it knocking the legs out from under the overbought precious metals and other commodities, the metals continued higher, causing some readers to express concern that we had led them astray. And any number of analysts opined that the market had already priced in the end of QE2 and thus, even after Bernanke's press conference, had decided it was go, go, go for higher commodity prices.

Yet, I think it is always a mistake to credit "the market" with any real predictive value. Reactive, yes. Predictive, no. Benjamin Graham had it right when he first penned the profile of Mr. Market as being a maniac, as likely to overpay for an asset as he is to sell too soon.

Put another way, if Mr. Market were actually in possession of a crystal ball, then gold would already be at $2,000 and silver at $75, and higher – because that's where the underlying fundamentals of the economy will eventually drive them. Just not quite yet.

So, what do I think about the current sell-off? First off, it was way overdue, and anyone who wasn't leveraged to the wrong side of the sell-off and who had built some cash should be thrilled that it has happened.

Silver, in particular, has been hammered – down over 30% at one point. Now that's what I call a proper correction. Is it safe to go back into the water? I have to believe that the speed and depth of the sell-off makes it all the more likely that we'll see a pretty quick bounce back.

While no one can know when, or perhaps because no one can know when (and we still have yet to see the actual economic consequences of the end of QE2), my suggestion would be to start buying in weekly or bi-monthly tranches of somewhere between 25% and 33% of the total cash you intend to reinvest in the metals and related investments. Already, the metals appear to stage something of a comeback, but that doesn't mean it's all blue sky from here.

By buying in tranches, you might not hit the exact bottom – but trying to hit the bottom is a fool's game.

If you didn't raise cash as the metals spiked higher over the month of April, or even paid up for gold, silver etc., don't kick yourself (unless you were leveraged to the upside, in which case I can only empathize and wish you luck). Even if you paid $50 an ounce for your last ounce of silver, you will come out just fine in the end, because the monetary system of the U.S., and the world, is corrupt and degraded beyond redemption. It will falter and likely fail, and in time everyone will be scrambling to pick up their precious metals at substantially higher prices.

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It's not just for breakfast any more.

"Single acts of tyranny may be ascribed to the accidental
opinion of a day; but a series of oppressions, begun at a
distinguished period and pursued unalterably through every
change of ministers, too plainly prove a deliberate, systematic
plan of reducing [a people] to slavery."
~~ Thomas Jefferson

"Power kills, absolute power kills absolutely. The more power a government has, the more it can arbitrarily make war on others and murder foreign and domestic subjects. The more that government is constrained and diffused, the less tendency there is for them to commit genocide."
~~ Art Crino

When they put you in the internment camp, if you're really, really good, they might let you watch Dancing With The Stars.

But… But… It Was Supposed To Go To Zero
Tyler Durden
Zero Hedge
May 11, 2011
http://www.zerohedge.com/article/it-was ... ed-go-zero

What kind of goddamned bubble pops and then goes right back up? Oh wait, did the Central Banks retract the 8-K where they all promised they are done printing for ever and ever (granted, countersigned by Linda Green and Jean Claude Junker, and edited by the WSJ)? That must be it! Oh, and gold at $1,521, back to those lofty, long ago levels from April 27. Cue CNBC on precious metals popping. And yes, that giant sucking sound is the CME preparing silver margin hike 6 through 666.



Of course, there are still those who prefer to use this currency:


FILL IN THE BERNANKE

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It's not just for breakfast any more.

"Single acts of tyranny may be ascribed to the accidental
opinion of a day; but a series of oppressions, begun at a
distinguished period and pursued unalterably through every
change of ministers, too plainly prove a deliberate, systematic
plan of reducing [a people] to slavery."
~~ Thomas Jefferson

"Power kills, absolute power kills absolutely. The more power a government has, the more it can arbitrarily make war on others and murder foreign and domestic subjects. The more that government is constrained and diffused, the less tendency there is for them to commit genocide."
~~ Art Crino

When they put you in the internment camp, if you're really, really good, they might let you watch Dancing With The Stars.

I've always said chickens but now I will add fuel to that list.

http://silverliberationarmy.com/

Have NO fear

The SLA is HERE !

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It's not just for breakfast any more.

"Single acts of tyranny may be ascribed to the accidental
opinion of a day; but a series of oppressions, begun at a
distinguished period and pursued unalterably through every
change of ministers, too plainly prove a deliberate, systematic
plan of reducing [a people] to slavery."
~~ Thomas Jefferson

"Power kills, absolute power kills absolutely. The more power a government has, the more it can arbitrarily make war on others and murder foreign and domestic subjects. The more that government is constrained and diffused, the less tendency there is for them to commit genocide."
~~ Art Crino

When they put you in the internment camp, if you're really, really good, they might let you watch Dancing With The Stars.

Perhaps what the COMEX did is akin to an animal backed into a corner. Folks like Keiser, Chapman, etc. seem to think that the COMEX is nearing it's final days and beginning to exhibit death throws. Let's hope so.

How the COMEX Crashed the Silver Market
May 6, 2011
http://goldandsilverblog.com/how-the-co ... rket-0235/

By the close of trading on Wednesday, May 4th, the silver market had experienced significant selling pressure that drove prices down by 17.3% from Thursday, April 28th. This sell off corresponded exactly to a series of increased margin requirements by the COMEX for trading silver futures contracts.

Silver traders who may have been apprehensive about additional margin increases did not have long to wait. After the close on Wednesday, May 4th, the COMEX announced two huge additional hikes in silver margin, effective at the close of business on Thursday and another hike effective at the close of trading on Monday, May 9th. As of Monday, initial contract margin requirements would be increased to $21,600 and to $16,000 for hedgers. A year ago, when silver was trading in the $18 range, the margin requirement for a speculative contract was only $4,250.

The rapid series of five margin increases by the COMEX resulted in raising initial margin requirements for speculators from $11,745 to $21,600 - an increase of 84%. The margin requirements for hedgers also increased by 84% from $8,700 to $16,000. Silver futures traders would now be forced to come up with huge amounts of additional cash or liquidate holdings on price weakness. The collapse in silver prices on Thursday May 5th, triggered by the COMEX margin increases, indicates that many players were forced to liquidate positions.

The actions taken by the COMEX constitute a perfect text book example on how to crash a market. The non stop increases in margin requirements resulted in a dramatic reduction of liquidity in the silver market by forcing out small speculators who were not prepared to commit additional cash for margin maintenance. As prices fell in response to the COMEX margin increases, bigger players in the silver market were forced to liquidate positions to avoid margin calls and large losses on leveraged positions.

The last two margin increases by the COMEX, after silver had already declined by over 17%, created the perfect crash scenario. Silver traders liquidating positions to meet new margin requirements caused a further cascade of forced selling and the silver crash became inevitable. The elimination of liquidity from any market will result in falling prices and the COMEX knew this.

If someone wanted to crash the silver market, the moves taken by the COMEX were perfectly designed to accomplish this by reducing liquidity at a time during which the markets were already stressed from previous margin increases. The result was a collapse in silver prices from $48.70 to the $34 range.

In response to the outrage over the devastating series of margin requirement increases, Kim Taylor, President of CME Clearing, which owns the COMEX, issued a statement explaining CME's actions. According to Ms. Taylor, margin increases are related to risk management and done to prevent default by clearing member firms. Margins are adjusted based on market volatility and are not designed to move a market or discourage investor participation. Among the factors considered in setting margins is a CME calculation of a worst case scenario for possible portfolio losses.

Specifically regarding the margin increases on silver futures, Taylor stated that "we have made several changes in recent weeks to adjust to volatility in the marketplace...Our interest is in providing security for the entire market - no matter which way it moves".

CME's statement seems disingenuous at best. The protection they speak of is not for the benefit of investors, but rather for the benefit of CME and clearing house members. The actions of the COMEX in implementing a rapid series of margin increases, even after silver had already steeply sold off, resulted in large profits to short sellers and reduced risk for CME at the expense of huge losses for silver investors both large and small.

A slower series of margin increases would have seemed more appropriate to address price volatility. The CME knew or should have known that its actions would severely limit liquidity in the silver market. The decrease in liquidity caused further market volatility, requiring more margin increases, which in turn crashed the price of silver. Anyone looking into the great silver crash of 2011, can start by looking at the COMEX.

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It's not just for breakfast any more.

"Single acts of tyranny may be ascribed to the accidental
opinion of a day; but a series of oppressions, begun at a
distinguished period and pursued unalterably through every
change of ministers, too plainly prove a deliberate, systematic
plan of reducing [a people] to slavery."
~~ Thomas Jefferson

"Power kills, absolute power kills absolutely. The more power a government has, the more it can arbitrarily make war on others and murder foreign and domestic subjects. The more that government is constrained and diffused, the less tendency there is for them to commit genocide."
~~ Art Crino

When they put you in the internment camp, if you're really, really good, they might let you watch Dancing With The Stars.