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NOOOOOOO SOLDIER!!! BELAY THAT ORDER!!!! NEW INFORMATION TO FOLLOW!!!
THIS JUST IN!! ATTENTION ALL HANDS!! ATTENTION ALL HANDS!!! THE USS SHAKERZZZ HAS BEEN DEPLOYED AND IS TO COMMENCE RELENTLESS ATTACK UPON FGFC MM's!!!! FULL SPEED AHEAD!!!
WEEEEEEEEEEEEE!!
dam OMOG wtf?
LOL! same here - tryin to get shakerzz to pull out the nukes lol
Gotta bring in the heavy artillery lol
TENNNN--HUT!!! EYES FRONT SOLDIER!! COMMENCE ATTACK ON FGFC MM'S!!! FIRE AT WILL!! TAKE NO PRISONERS!!
if FGFC got any volume it'd blow the roof off this sucka
COME ONNNNN SHAKERZZZZZZZZZZZZZZZZZZZZ
.0449x.045 I'd buy now if I had any dang $ em
lol - just got back from lunch and saw that. Yep, still in lockstep.
Very good to see Silver and Gold up when the markets are down.
Also FA, in regards to your post re:UN gun control, this months NRA 1st Freedom magazine has a good article wherein they are asking police chiefs and mayors to sign a pledge stating they will never confiscate the firearms of lawful citizens (ala Nagin during Katrina). Will be interesting to see who signs it.
FGFC pleeeeeeezzzzzzz giddy up!!!!!!!!!
wooo hooo! it worked!! lmaoooo!
does the mail run to the slammer?
shhhhhh.....keep it safe....
"Don't want to get shot" - typical ridiculous response.
No more time wasted on you.
Thank you FA em
OT - I hope we never reign in the NRA
And yes, I worship my right to defend myself and my property. Crazy, isn't it?
And that's all I say about that. Not the board for this discussion.
lmaooooooooo whats so goldam funny? I did sell and now ur gonna run the pos to high heaven WEEEEEEEEEEEE!!!!!!!
I CANT CATCH A FEKKIN BREAK TO SAVE MY FEKKIN LIFE HAHAHAHAHAHAH!!!!!!!!!!!!!
ps that was the shortest r&r in military history soldier!!!!!!!!
thats fekkin gr8 - sold 2 days ago 2 get out even
sure thing FA.....I check the total oz. about every day. I see it's creeping back up close to 5/23 levels when silver was over $12.50. Wonder if it means anything?
06/19/2006: 71,463,337 Ounces of Silver
in Trust
Mall for gold to open in Chennai
12:48:48 GMT, 19 June, 2006
A shopping mall dedicated to gold is to open in Chennai, according to Indian newspaper The Hindu.
The city, formerly known as Madras, will host the ten-storey Prasanth Real Gold Tower.
Thought to be the world's first shopping centre dedicated entirely to gold, the building will house gold traders as well as featuring shops filled with gold jewellery.
Marketing manager of Real Value Promoters P Ashok told the paper: "We will have floors dedicated to branded jewellery and dress jewellery as well as your traditional gold.
"Our target will be the increasing number of young professionals in the city with money, and who like lifestyle products... not the stuff bought by their parents," he added.
Demand for high-value consumer goods in India is increasing as the country's wealth continues to grow.
GDP growth of 7.7 per cent last year saw the income of the increasing number of middle-class households increase, consequently boosting consumer spending and the sales of luxury goods.
lol - was getting ready to post that - big spike!
North Korea worries maybe?
LMAOOOOO!!! enjoy your r&r soldier!!!
NOOOOO SOLDIER!!!!!!!!!!
j/k dont blame ya bro -
lmaoooooo
shakerzzz....gotta run out
I gotta GTC .02 on BSIOE - make it happen will ya babe?
later....
PS. KITT sez hey
lmaoooooo
shakkerzzzzzzzzzzzzzzzzzzzzzzzzz
did you see Man on Fire w/Denzel?
Very very cool flick..
OT - gee rat, we can't infringe upon their civil liberties, can we now?
if it was up to me I'd make them castrate themselves with a rusty saw, let them bleed a while as I pour alcohol on the wound, have a doc sew their mess back on and then repeat the process until they got the message. THAT'S rehabilitation. Sick f*cks don't deserve an ounce of compassion.
ooohhhh...
LMAOOOOO!!!!!!!!!
ok soldier...
got my little 100k...had to chase it to .023 dammit!!!
FIRE AT WILL!!!!
Yea, that sharp V almost had me puking this morning. Really glad to see the bounce, but I still won't rest easy until $13 is the bottom of the channel.
2001's - nice. My first purchase in early '02 at $156/roll I believe. My only purchase at that price, unfortunately. I chose 2001's In memory of 9/11 and more importantly the realization that the shit can and probably will hit the fan at some point. That paper dollar will be nice to have to wipe your arse with, but that's about it.
I got the guns and ammo, now I got the gold and silver. "Bring it on" lol
You robbed him lol. What year issue? '96 is the holy grail. Rolls of 96's go for over a grand on the bay all day long. 97 94 and 86 also command premiums due to lower mintages and 86 being first year, but nowhere near the 96.
Sounds good. Nice little spike today. Hope we've seen the last of the $12's myself.
Hey FA, just saw this post - congratulations on your sub $12 buy. Well done. Are you buying rounds or bars?
Saw what appeared to me at least to be a triple bottom and doubled down on 5/22 and am sitting on a big nest of Eagles right now. I'm ready to see a bottom of $15 in a couple of months, and might let them hatch at $20 lol.
Good luck
Jim Cook Interviews Ted Butler 5/23/06 posted on Silverseek.com 5/24
http://news.silverseek.com/TedButler/1148474914.php
Cook: We’re starting this interview with silver off sharply from its $15.00 high. How long can this go on?
Butler: Generally, the sharper any move, the quicker it exhausts itself. So I would say this sell-off won’t last long in time.
Cook: How low could it go?
Butler: I’d be surprised if we went below $12.00.
Cook: Why is that?
Butler: There has been massive liquidation of speculative longs and dealer short-covering.
Cook: Are you saying the dealers got out from under that big short position they had?
Butler: Yes. At least as much as could be covered.
Cook: How did they do that?
Butler: They collusively pulled their bids on the COMEX, forcing the longs to liquidate into a vacuum.
Cook: I thought you said the price would explode when the shorts tried to cover.
Butler: If they tried to cover on the way up. This time they covered the way they’ve always covered – by rigging prices down. But remember, for the first time, the dealers covered at a very big loss.
Cook: According to your theory, a price drop reduces the risk. Is this still true?
Butler: Yes. People are ready to jump out the window at precisely the time when most of the risk has been taken out of the market.
Cook: What about the poor price action?
Butler: That’s a major criterion for a bottom. But you must keep things in perspective. If I guaranteed you less than a year ago that silver would more than double, you would have kissed me. Instead, everyone is focused on the decline from $15. That’s just human nature.
Cook: Are we going to do this again? I mean, go up and then get slammed down?
Butler: I think this next time up the shorts are going to step aside and refrain from short selling the next rally. That will cause the explosion.
Cook: Why wouldn’t they sell again?
Butler: The shorts have gotten killed in other metal markets, like copper, zinc and gold. Shorting has proven to be hazardous to their financial health.
Cook: Did they come out okay on silver?
Butler: Not really. While the shorts have skillfully covered significant quantities of their positions, they lost hundreds of millions of dollars on these buy backs. This is the very first time they have taken such a beating and those losses are fresh in their minds. I don’t think they will put themselves back into danger again by reshorting.
Cook: Any other evidence to substantiate that opinion?
Butler: Yes. I think the silver that has gone into the new ETF was formerly inventory against which silver futures were shorted and traded against on the COMEX for years and years. There are now 73 million ounces in the ETF, or the equivalent of 15,000 contracts. I’m convinced that represents 15,000 contracts that won’t be shorted again by the silver wolf pack, adding to my sense of no big shorting on the next rally
Cook: Could that have been Buffett’s silver?
Butler: Sure, indirectly at least. But it wasn’t Buffett selling at $13 or $14, according to his own statements. I hope it is Buffett’s silver as that would indicate how little silver remains aboveground.
Cook: What’s the bottom line if the big dealers don’t sell short again?
Butler: We go boom on the upside. That’s why this is the time to load the boat.
Cook: What do you think about the stories claiming tremendous amounts of silver in the form of bags of junk coins, about to flood the market?
Butler: I did read an article about that and received a number of e-mails, and my sense is that it’s not something to worry about, but if it develops into a market factor, we’ll deal with it and analyze it. But you have over 30 years experience in this very issue. What’s your take?
Cook: It’s not currently a factor. However, that aside, you appear to have miscalculated on the amount of silver available. Would you agree that all this ETF silver coming out caught you by surprise?
Butler: Yes, it did catch me by surprise. But I’ve always used the amount of one billion ounces in total world bullion equivalent inventory, so this doesn’t invalidate that number. And please remember, the silver in the ETF is taken off the market, so in a sense, the more they put in, the more bullish it becomes. This is silver that’s no longer available for industrial consumption.
Cook: What’s your current take on the silver ETF?
Butler: It has gotten out of the gate faster than almost anyone has expected, in the amount of silver they have purchased. It is the perfect institutional investment vehicle and because there is so much institutional money sloshing around and so little silver, the ETF is going to have a profound impact on the price of silver.
Cook: How profound an impact?
Butler: A few billion dollars is chump change in institutional investment terms. That amount can flow into any worthwhile investment opportunity in a heartbeat. Silver is the best such opportunity, in my opinion. And suddenly, for the first time in history, institutional investors have been given the ability to buy it.
Cook: So what will happen because of the ETF?
Butler: The institutions will continue to invest in the silver ETF, causing silver to be bought and taken off the market. The sponsors of the ETF are either going to run out of silver at current prices, or they are going to sell out the entire 130 million ounces relatively quickly. If they run out of silver at current prices, the price must go up to bring out the required silver. If they sell out the entire 130 million ounces, that will prove there is great demand for silver and the next step must include plans for another silver ETF. We have multiple gold ETFs, so there may more silver ETFs.
Cook: Then what?
Butler: They either bring out another silver ETF, which I think would also sell out, or they admit there isn’t enough silver for another ETF and the price of silver explodes as people realize the real situation.
Cook: Silver is a lot higher than it was when we started recommending it. Are you just as bullish today?
Butler: Yes, I’m still advocating people buy silver or buy more silver. People that only own gold and no silver or more gold than silver, should rebalance their holdings.
Cook: What’s the case for that?
Butler: Look at the amount of silver being bought in the silver ETF and compare it to lack of gold being bought in the ETFs for the past couple of months – it tells you there is more demand for silver. That should continue.
Cook: That’s the reason?
Butler: There’s a number of reasons. Gold is primarily a monetary commodity, with little industrial usage. Silver is primarily an industrial commodity, with monetary acceptance by many.
Cook: The gold people say that the monetary aspect makes gold better.
Butler: I say no – it is the industrial nature of silver that makes silver the better choice.
Cook: Isn’t it a matter of preference?
Butler: What have been the best performing metals over the past few years? Industrial metals – copper, zinc and aluminum. There can be a shortage because they are consumed. Copper, at the recent peak, was up more than 6 times its low price of a few years ago. Silver is an industrial metal, with a historical monetary kicker. No other metal has that.
Cook: Any other reasons?
Butler: There is more than 200 times more gold than silver in the world in terms of the dollar value of each. One half of one percent of the dollar value of gold is greater than the entire dollar value of silver.
Cook So, what’s your forecast on this strategy?
Butler: Silver should continue to match or outpace gold, as it has for the past few years. But if things play out as I expect, silver will greatly outpace gold over the next few years. If I’m correct, the results could be spectacular. And the kicker is that the gold investor who follows my advice should end up with more gold in the end.
Cook: How’s that?
Butler: Those who switch some of their gold to silver now will be able to someday sell the silver and use those proceeds to buy more gold than they originally sold.
Cook: It sounds good. But we’re not going to beat the drum too hard for switching. We were a gold company for a long time and we like gold. Let’s move on.
Butler: Don’t be a wimp.
Cook: What do you mean?
Butler: Every time I bring it up, you say let’s move on. The whole gold world is afraid to ever suggest that something may perform better than gold. It takes on a religious, cult-like quality. I’m not anti-gold, it’s just that I think silver will beat the pants off gold performance-wise going forward and I’m not afraid to say it.
Cook: That sounds a bit extreme.
Butler: What’s extreme is that I have never seen anyone else, except for my friend Izzy, dare to publicly suggest switching gold to silver. People are not afraid to plagiarize just about everything that I write, but no one else, to my knowledge, has had the courage say switch your gold to silver because you’ll make a boatload more money.
Cook: You can’t be sure of that. Our clients have bought a lot of gold over the years and it’s been going up.
Butler: That’s great. Yes, gold has done well and I hope it continues to do well. I’m not rooting for gold to go down and I’m not saying it will. I’m saying silver will do much better. If I was an automobile stock analyst and I thought Ford would do better than GM, I’d find it necessary to tell people to switch from GM to Ford. I’m a commodities analyst who feels silver will do much better than gold. I have to tell people to switch from gold to silver.
Cook: But the fundamentals for gold look great. The dollar, interest rates, inflation, oil and the economy.
Butler Every one of the fundamentals you can list for gold also applies to silver. It’s the other factors that tell the tale.
Cook: Those are?
Butler: Silver is consumed, not hoarded. Silver is an industrial necessity, like oil, copper or zinc, while gold is a luxury item. World governments, the arch enemies of higher gold prices, still hold massive quantities that they can sell to hold down the price. They own just about nothing in silver. There’s a lot more gold around than silver, especially in dollar terms.
Cook: You have a lot of chutzpah, giving that gold for silver advice.
Butler: I know something that gives me great confidence. I know that only small gold investors can take my advice. Big institutional gold investors can’t.
Cook: Why not?
Butler: There’s not enough silver. The total value of the above ground gold in the world is around $3 trillion. One percent of that is $30 billion. Even if you say there is a world silver inventory of one billion ounces, at $15/ounce that is only $15 billion. One percent of the gold is worth twice as much as all the silver in the world. I think this is an absurd ratio that must adjust in time. The most likely adjustment will come by an upward revaluation of the silver price.
Cook: Sounds bullish.
Butler: There’s 200 more times gold than silver in terms of dollar value and the great need and absolute requirement for silver in a modern civilization represents the greatest investment opportunity of all time.
Cook: This is what you said at $5.00 an ounce. Can it still be that good?
Butler: Yes, and in some ways it’s even better.
Cook: What ways?
Butler: Well, for one thing, the world has come to learn that most metals and minerals were too cheap 3 to 5 years ago. Demand has overtaken production in many commodities and production shows no sign of increasing significantly, for a variety of reasons. Silver is no exception. I think it’s better that silver has tripled in price and still doesn’t look out of line with other commodities. It’s still in the pack. It has had a stealth move up. It has yet to demonstrate it’s unique pricing explosiveness. It will.
Cook: What else?
Butler: This new silver ETF opening the door, for the very first time, to institutional investment is a very big deal and makes things much better for silver going forward. This ETF will greatly accelerate the time for inventory depletion. Throw in the dramatically improved COTs, which are the best they’ve been in 9 months or so and you have all the ingredients for a significant move.
Cook: Care to put a number on it?
Butler: I’ll be surprised if we don’t add a pretty quick $5+, but longer term, I still think the price rise will be astounding.
Cook: No question about it, you’ve been right about the recent price movement and your explanations of what’s going on behind the scenes have generally proven out.
However, these big dealers you claim are manipulating the market aren’t going away. They are going to be trying to make as much as they can going against the small investor. Can the small investor come out?
Butler: Sure he can. In fact, the small investor, the buy and hold guy, has done better than the dealers in the runup over the past 9-10 months. The dealers have succeeded in covering a large chunk of their shorts, but it cost them an arm and a leg. It is because the dealers took such a beating on the shorts they just covered, that I don’t think they want to go short anytime soon. That could really set the price free.
Cook: Any final words?
Butler: This is the time and these are the circumstances to load the boat.
-- Posted 24 May, 2006
thoughts and prayers here - best of luck to them
AAHHHHH! PERFECT!!!!!!!! LMAOOOOOO!!
omg rofllllllllllmaoooooo