Stacy Summary: We look at the latest scandals of fetishes for black swans; American youth unconcerned by the coming collapse of their Social Security they bought and paid for; Tony Blair’s 2007 photo op with Colonel Gaddafi and the farting camels of Tripoli. In the second half of the show, Max talks to Ned Naylor-Leyland of Cheviot Asset Management about the silver market.
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I am glad you brought the social security thing up because; here they are taking 15% of our income a year and then calling it (social security) an entitlement. Then they (irresponsible, elected? “leaders”) squander the said funds on one boondoggle after the other; and the first thing they talk about cutting every time is Social Security. So, they steal it once steal it twice, let’s go make war and not make nice. And then, let you make enough money to insure yourself, don’t be silly, p/ass the kool aid.
@Tears – That cracked me up when Max introduced your question as “Tears from the Moon.” It kind of stunned the guest. It would have been even funnier if the question was from Zamfir, Master of the Pan Flute! YukYukYuk.
Here’s me in one of my most amazing emotional moments:
http://www.youtube.com/watch?v=b_JTonpCFxo
Consider the mythological, ancestral, inborm, subconscious knowledge of the “silver bullet myth” pertaining to vampires who purportedly live off the blood of the common people. Just saying. Also. look at the respective scarcities of Au and Ag in the crust and you’ll see that silver is fucking cheap.
Thanks Stacey & Max for posing my question to Ned Naylor-Leyland. Stumped him a bit, as I expected, and he didn’t address the 10 to 1 bullion inventories in favour of silver. But no matter it allowed you to segway into the Andrew Maguire and JP Morgan story as I had hoped it would
Brilliant interview Max.
If you want to follow precious metals and associated economic news please visit my blog which I try to update daily: http://ausbullion.blogspot.com
Gold is getting Killed !!!
Classic anti-gold story in the MSM from Australia:
http://www.smh.com.au/business/time-for-gold-bulls-to-feel-a-little-fear-20100728-10us5.html
- read the all the 51 comments, much more learned than the original story.
anyone else think the timing of this Pakistan air disaster is suspicious? A message from Langley to Islamabad maybe?
@Farang…Ill be in Chiang mai in 2 weeks…doi saket area …farm fresh.
Looks like us Irish are gonna do a ‘Greece’ on it…
SELLING OFF STATE ASSETS ON THE CHEAP IS JUST MADNESS
http://www.davidmcwilliams.ie/2010/07/28/selling-off-state-assets-on-the-cheap-is-just-madness
Jim Rogers Calls CNBC A Market PR Agency Whose Sole Purpose Is To Make Stocks Go Higher
http://www.youtube.com/watch?v=AmhZbG5suiw&feature=player_embedded#at=162
@farang: calm words, beautiful sentiment, cheery tale, ‘home truth’ from Thailand. Thank you.
Have a terrific day, you deserve it. Enjoy each moment with celebration and anticipation of the fun you’re going to enjoy in the next moment, endlessly.
PS: Sunshine, Ducati and Thai-stick seems like a great cocktail. “Get your motor running…………………………………”
http://politicalirony.com/2010/02/21/feet-on-the-furniture/
High-Frequency Trading: Something Black? by Karl Denninger http://market-ticker.org/archives/2528-High-Frequency-Trading-Something-Black.html
Now this is interesting, coming from the annual “black hat” conference in Las Vegas (for those not involved in the computer security world, that’s an annual gathering of hackers where various presentations are made that amount to brags and bags that have or can be run on various parts of information technology):
Among the talks conspicuously absent from this year’s schedule: a presentation exposing security vulnerabilities in banks’ high-speed trading systems.
The talk, planned by security researchers Varun Uppal and Gyan Chawdhary, would have dealt with methods for hiding risky unauthorized trades in high-speed trading applications, as well as demonstrating a “sniffing” software tool capable of siphoning trading information to a faraway hacker to allow a high-tech form of real-time insider trading. But Uppal tells us that the talk has been cancelled after concerns were raised by a financial industry client of the security auditing firm he works for, Information Risk Management.
Methods eh?
I suppose we’re supposed to believe that this is all theoretical, right?
Oh, somehow I doubt it.
Rolling Stones Said in Talks With Live Nation, AEG for Tour http://www.bloomberg.com/news/2010-07-27/rolling-stones-said-in-talks-with-promoters-aeg-live-nation-for-next-tour.html
The band, which turns 50 in two years, holds the record for the most profitable tour with the 2005-2006 “A Bigger Bang,” which took in $558.3 million, according to music news website Spinner.
If this doesn’t sound like a casino gambling addiction I don’t know what does.
Bank Manager Leads A Double Life To Maintain Addiction To Trading
http://www.businessinsider.com/bank-manager-leads-a-double-life-to-maintain-addiction-to-share-market-trading-2010-7?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29&utm_content=Google+Reader
Sawasdee Krab from Nong Hoi!
Thanks for the vid, Khun Stacy looking lovely as usual, and Khun Max doing his comic routine to keep us from crying. You guys are great.
It’s a lovely day in Chiangmai, y’all. Sun is shining, Ducati running strong, flowers blooming, river is high, so am I, smiling, sweet-voiced, beautiful ladies abound…..where the first thing asked is: “have you eaten?”
Ah, the ancient “Kingdom Of Lanna”….”Sipsong Lanna”…”Land of the Million Rice Fields”…..”Sipsonglanna” (Thai) …becomes “Xishuangbanna” (over the border in China)….. we ARE Shangra-la. That’s right, here where the foothills of the Himalayas begin, all the way to Nepal. Come see for yourself. Korp Khun Korb!
Enjoyed hearing Naylor-Leyland talk about how the average Joe can get behind silver investment. Um Ned, we peasents are already aware, still have our 50s and 60s silver hoards. Lug them around wherever we end up….very sharp guy this Ned. Well worth giving your undivided attention when he talks silver investment. We have a little silver industry here in Chiangmai, Waulei street market, come see some Saturday night….bargains for those willing to look around….
Can’t have a bubble blown without strong lungs, many lungs inflating it. That is what us worker class is for. Yes, I know Ned wasn’t saying that: farang is. Notice how careful Ned is to not stress the certain upswing. He stress fundamentals….and properly so. But he knows full well once the collapse hits of fiat currency, should it do so, the bubble will become enormous before it pops. It’s one of those events we have not really witnessed in our times: a dual rise in value on one asset based on it’s use as money, and it’s speculative value as a commodity.
Us peasants always do the heavy toting, don’t we? Next we must carry our jobs back from China, build America back up again, so we can give billionaires another Bush tax cut to destroy the balanced budget, and so we can pamper Wall Street behinds in the manner they are accustomed to.
Interesting contrast this discussion…Max offering his visions of upcoming events, Ned bringing the discussion back to the present conditions….exactly the kind of contrast that makes for interesting viewing. Have Ned back more often, Max. Somewhere between the two of you is the “answer.”
I see too many of my fellow “gold bugs” turn their noses up at the mention of silver, perhaps when in a good mood they might reluctantly acknowledge it’s use as common currency for common market exchanges by commoners, like when their cook buys the food, or their chauffeur fills up the 5th Mercedes……and arguing that silver is not a “money” like gold, it’s a common commodity….nonsense. Elitism that will cost them. Dearly.
Unlike gold, it is both. Both, making it a more versatile asset to hold. Like I have said before, back in the 50s, 60s, when I would assault every adult to show me their pocket change so I could scan it for silver, I recall many many American homes with little hoards of silver. Silver coins. Bags of them. Not so much the gold, it was too expensive. I’m from Arlington, not Georgetown.
Do you know what a bag of old dimes sells for by the pound on eBay now????? Yeah, that much.
The next phase of the precious metal markets? “let’s get physical, physical, I wanna get physical..let’s get into physical….” and drive the crooks out.
Aren’t you damn glad disco died????? If it hadn’t, we’d have to go strangle it right now until it stopped kicking.
Krab!
.
An average of 1.7 trillion dollars a year in Unofficial Black Projects
You have two sorts of Black Projects:
The official one mandated by congress trough the CIA act of about $40 billion.
The unofficial Black Projects which can be deducted from the money moved trough the departement of defence which can not be accounted for.
The Inspector General reports from 1989, 1999 to the year 2000 show of how much money was flowing trough the departement of defence with no auditing mechanism in place with an average of $1.7 trillion a year over these three years.
Coast to Coast AM – 2 of 12 Secrecy, Sightings, & Exopolitics http://www.youtube.com/watch?v=-gs7Ybtvoxw
Isn’t the real result of the Andrew Maguire revelation that people just do the same as JPMC the first Friday of every month when the non-farm payrolls number is announced. What would the incentive be over that now ? Every month they can profit, the govt wont stop it due to the need to control gold and hence the $. As that silverfuturist guy says: it ($) will trump any regulation law . Where is the realistic incentive to hold physical when you can do that every month? People arnt going to act in a moral way. In finance its the incentive that controls.
@danvalley it’s the only peaceful way – it seems to make sense, if like minds gather in once place –
I think funding will have to come from foreign investors through trade
Wow! gold hitmen don’t take vacation.
Not remotely concerned about price action. Buy, buy, buy. $$
Greenpeace closes 50 BP gas stations in London. Signs saying:”Closed. Moving beyond petroleum.”
“Nearly all men can stand adversity, but if you want to test a man’s character, give him power.” Abraham Lincoln
jischinger ….secession is the only way.
@Giu, I was daring people to buy “physical” uranium. Now wouldn’t that be funny? Nevertheless, I will pimp for anybody if the price is right.
honestly, isn’t time to start a new country somewhere?
I’m up for secession – suggestions?
seriously folks, nothing’s getting done, they are squeezing the bottom of the toothpaste tube and Americans are just taking it.
Is there some known secret quiet underground place people are gathering to take a stand and cut these scroundrels off?
or are people just leaving the US for other civilized places?
@Sprott
Sprott created an allocated physical silver etf just recently.
@Negative interest rates
Anybody watching the precious metals are probably more than curious about negative interest rates, since bullion and sterling leases are chronically in the negative.
The key to these negative rates are ‘ failures to deliver.’
Negative rates also apply to repurchasing agreements in equities (or what have you) Look at where repos were in 2003:
http://www.ny.frb.org/research/current_issues/ci10-5/ci10-5.html
Debt creation will destroy the dollar: James Turk http://www.youtube.com/watch?v=ll7rkM3pXDs
@mep
It’s long and long-winded…
but I see it referenced a great deal, so it must be of value…
Something for the subconscious to absorb.
That said, they also are working on Adam Smith’s “Wealth of Nations” which, in my opinion, is probably better listened to than read…
@Randy
Jim Dines pumped Uranium before,
and if his “work” could only get three months of decent activity from REEs, I’d give him only a couple weeks on the REHASH of his Uranium PUMP…
I saw one of his top picks, URC.V (TSX Venture) going nowhere today…
So clearly even his manipulation of the media has its limits…
if you look at the actual Supply and Demand for Uranium, you’d probably realize it won’t go too far any time soon…
Good Luck
Jim Sayz…
“..banks in China are a fiction, a conduit for theft by members of the .. communist party and .. allies” http://bit.ly/cyQ6Y2
brilliantly shows fascist side of #Fed due to authoritarian, non-transparent, non-democratic modus operandi http://bit.ly/cyQ6Y2
@Giuseppe – Thanks, I’ll have to bookmark that and check it out later. I’d say that I’ll save it for a rainy day, but it’s more likely that i’ll save it for another hot day when I don’t feel like venturing outside.
hi ho silver!
where do I get it?
suggestions?
@Giuseppe
yes, I pimp out for him. Why?
@Randy
are you a Jim Dines PUMP follower?
Be wise… and be careful…
Buy uranium – I dare ya’s!
Buy copper! Three dollars a pound seems cheap. For thirty dollars you can get ten pounds of copper but only about 2 oz of silver.
@Mep
It’s just the American rhyme
based on the Decline and Fall of the Roman Empire
sped up to Techno rhythms (120bpm+)
http://librivox.org/the-decline-and-fall-of-the-roman-empire-vol-i-by-edward-gibbon/
BTW… there are 6 Volumes in this bastard…
LONG time of listening to a dead guy’s words from 200+ years ago…
Volume 1 is 19hrs 50mins alone
which reminds me…
someone posted a link to a paper on the Hyperinflation of the Roman Denarius a while back which looked like it was cut ‘n pasted from a type-writer…
but damnit.. I can’t find that page on Google….
Hopefully they’ll repost it…
it was really good for info…
Thanks for discussing silver, important topic. However this guest leaves a bit to be desired, expert though he may be. I can’t help thinking that he’ be better off with a guitar in a Monkey’s tribute band.
Can’t finish watching the second half of the show: You Tube has been seriously laggy for me lately, and this show started getting really bad just before Stacy signed off. Bummer.
To add to the previous thread on water shortages, I just came across another water tale a little while ago: Nestle Ok’d to turn Arkansas River springs into bottled water product. Nice.
Oh, and OT GMO jibber jabber, I recently realized that on the very bottom of the label on the prenatals I was taking, it says: Contains soy. I have to assume that since some 91% of our soy crops are GM that the soy byproducts in those vitamins are also GM. Not surprised at all, but it sickens me on a very deep level to know that that shit is being put into freaking prenatals. As if the normal development of a fetus isn’t complicated enough. So I went looking around the Web and found just a couple of brands of vitamins that don’t have soy in them. Also found this 2006 article on modified soya and new born rats. It’s too bad that nobody cares to find out what effects the garbage has on developing fetuses and newborns.
When I look around at all of the effed up stuff going on in this world, I like to think that we’re really not so fucking stupid, and it’s really just the politicians and corporate sociopaths who are screwing it all up.
H.R. 5741 Slave bill now in Committee http://www.infowars.com/h-r-5741-slave-bill-now-in-committee/
H.R. 5741 will give the president the authority “To require all persons in the United States between the ages of 18 and 42 to perform national service, either as a member of the uniformed services or in civilian service in furtherance of the national defense and homeland security, to authorize the induction of persons in the uniformed services during wartime to meet end-strength requirements of the uniformed services, and for other purposes.”
at 3:47 of this video
Jim Rogers lays down the truth of the HYPE MACHINE that CNBC, and its ilk, promulgate…
http://www.youtube.com/watch?v=MuHM5lhR9Yc
the wry defense from the quasi-red-headed, mammary-endowed twat is equally amusing…
it puts the lotion on its skin
put that on your burrito and smoke it
Question for Max. On a typical trading day, if you were to take all the shares bought and sold on the NYSE (for instance), and attributed each buy or sell to the individuals who made each choice to buy or sell, what would the profile look like by person and proportion? (e.g. individuals, fund managers, etc.)
Israel leaves 200 children in the desert with No food No water and No shelter http://www.youtube.com/watch?v=FJJVWmBcDjU
Max rants that Sprott “chickened out” on creating a physical silver trust. Heard Sprott mention the silver trust in a recent interview. It is under review by the regulators at the moment. It’s launch, however, has been widely announced (see link) and in other locations. Don’t know how you managed to miss it. Otherwise good laydown on silver manipulation.
http://www.financialpost.com/executive/hr/Sprott+silver+trust/3273981/story.html#ixzz0tg1EBzT7
BP Spill will go on for 19 Months – till December 2011 till an eartquake will stop it according to Web Bot (Said 90 months before but mis-heared sorry) http://forum.prisonplanet.com/index.php?topic=176731.0
NEW OIL SPILL – Oil spewing from well near Louisiana marsh http://www.msnbc.msn.com/id/38429966/ns/us_news-environment/
McKinney Grills Rumsfeld about Woman and Children Sex Slave Rings by Dyncorp and Halliburton and Trillions missing by the Pentagon http://www.youtube.com/watch?v=eootfzAhAoU
Disappearing Act: $8.7 Billion of Iraq Development Money Missing http://www.infowars.com/disappearing-act-8-7-billion-of-iraq-development-money-missing/
Rumsfeld 2.3 Trillion Dollars missing Pentagon 1 DAY b4/9-11 http://www.youtube.com/watch?v=3kpWqdPMjmo
US lawmakers beat back Afghan war challenge after leaks http://rawstory.com/news/afp/US_lawmakers_beat_back_Afghan_war_c_07272010.html
US lawmakers on Tuesday easily approved urgent funding for President Barack Obama’s escalation in Afghanistan, despite a huge leak of secret military files that stoked anger at the unpopular war.
The 308-144 vote in the House of Representatives set the stage for Obama to sign the legislation, which provides some 37 billion dollars to fund the conflict in Iraq and pay for his “surge” of 33,000 more troops to Afghanistan.
Consumer confidence dims as home prices climb http://www.reuters.com/article/idUSTRE65M2WK20100727?type=GCA-Economy2010
In the classical setup, the king’s role was to protect the poor from the abuses of the aristocratic class. Look’s like America needs a king. Away with democracy. Crush the infamous thing.
(Wouldn’t it be great to be ruled by one who only needed to say, “Because I said so.”? How refreshing. No more bullsh_t.)
@ronron
“The Best Way to Rob a Bank Is to Own One” William K. Black (Author)
Banks face lawsuits over alleged Ponzi scheme (FT)
Investors who lost millions in an alleged German Ponzi scheme are threatening legal action against Barclays, HSBC and Rabobank, alleging that the banks may have acted irresponsibly – Jul-27
@Youri. ronrons going back in the union. building a bank. hahaha fucking too much. you think i’m a silly boy?
US recovery elusive amid fiscal gaps (FT)
- States faced a collective budget shortfall of $83.9bn for the fiscal year 2011
- New gaps totalling more than $12bn that have opened for 29 states.
- At least 25 states budgeted for additional money from the federal government for Medicaid.
- In Pennsylvania without the extension, the cuts he will have to make – potentially including the jobs of 10,000 to 20,000 teachers, case, city and fire safety workers.
- Other states face similar concerns.
- Two-thirds of states already forecast a cumulative gap of $72bn for 2012 and 23 states are projecting gaps of $64.3bn for 2013.
- In North Carolina, for example, the state plans to cut about $50m for in-home care under Medicaid – ending the service for about 20,000 elderly and disabled people, or more than half of those who now get help.
well y’all. just got the call. doin 5 tens @58 years old forming footings. hahahaha, i’ll be buff one more time in my life. gonna do it y’all
FT: World Bank warns on ‘farmland grab’ trend
“Investor interest is focused on countries with weak land governance,” the draft said. Although deals promised jobs and infrastructure, “investors failed to follow through on their investments plans, in some cases after inflicting serious damage on the local resource base”.
In addition, “the level of formal payments required was low”, making speculation a key motive for purchases. “Payments for land are often waived … and large investors often pay lower taxes than smallholders … or none at all.”
The draft was leaked to the Financial Times by a person who said they wanted to prevent the World Bank releasing the report in the middle of the summer holiday period.
oh ya that fucking Snoot. down to the church. reading dadoodoodaronronamy.
@Adam. yo. Stacy’s in sleepy land. sugar plums. where’s fucking Snoot?
@Adam. you get yourself some silk underwear?
@Stacy
On the prison gulag industrial slavery complex
TheAntiTerrorist on The Big Business of Being Behind Bars
http://www.youtube.com/watch?v=ofZS1gVaDcI
it’s funny. when you want to buy metal and there’s none for sale. hahahaah. the comex. fuck off. history. you fucking watch. there AIG.
@Mike. your lucky Youri is not here.
@Mike. ain’t gonna happen. you silly boy.
Just curious,
Do gold and silver usually go down at options expiry? I haven’t been tracking this. If so, it would be a good think to keep an eye out for as a buying opportunity. But it seems like, depending on which options someone buys, they might want it to pop up next time.
So essentially the story sticks altough it’s not the complete Internet and Kane hasn’t the complete key.
Still in essence it’s a (part of) key to reboot (Part) of the internet?
Is there really a key to reboot the internet? http://www.guardian.co.uk/technology/2010/jul/27/internet-key
It sounds like a Fellowship of the Ring for the internet age – a carefully chosen alliance of technology warriors, safeguarding a mythical key that could one day shut down the internet. According to yesterday’s news reports, these keyholders will share responsibility for “rebooting the web” in the event of a catastrophic global meltdown.
So would that giant ctrl+alt+delete reboot the whole internet? “Nope,” says Kane – only the small proportion of internet sites using DNSSEC. “The rest of the internet would continue to function as normal.”
And it’s not actually a key – it’s a swipe card. And technically, just one fifth of a key. “Yes. I have a fragment of the key,” says Kane, whose enthusiasm for dumbing down his hard work is clearly starting to wane.
I Guess we find out if the China Punt is in place?
Mike
@Stacy. thanks for showing interest in old ronron. i know you love the Snoot best.
buy a french or a german fiddle . no chek ones. same with a stand up bass. althou kay usa made a nice dog house. oh ya don’t count out nippan japan. velly nice.
@Dann
A future is a contract to take delivery of some commodity at some future date. In the case of gold and the Comex that would gold owned by the Comex. As I understand it, usually though people do not take delivery, but trade those contacts until they expire, that is the delivery date has been reached. Then they will roll over the contracts, so replace them with new ones with an expiration date as far into the future as the original future. Manipulation can however cause people to get less for the contracts than they paid, and less then they need to buy new contracts. This can force people out of the market leaving the manipulators with cheaper contract to pick up. This is where people learn you can not buy and hold a futures conract.
Violins can now be made that sound as good or better than Stradivarius, I’ve read but I can’t remember where.
@Danny. buy a vintage strat. there getting cheap. when you walk out of the store with your new guitar. the store door closes and your guitar just lost 40%. take your time.
@Stacy . it’s really amazing to see. Americans are buying stratford ontario canada. the largest bank in canada is moving there head office here. i bet they build a big vault for metal. i think i’m in the middle of olidhark land. i will be starting footings there so i will know what is going on. you should buy a cheap house here. google stratford ontario. large theatre crowd. lots of movie stars hang here. they like it cause the locals are used to them. a cheap ontario cottage is 175 thousand. soon to be a gazzilion.
off topic but still interesting
http://english.aljazeera.net/news/europe/2010/07/201072714282566381.html
’tis grand, found Jesse’s piece.
BTW, Jesse for the Keiser Report.
@ronron
Getting a new Gretsch next week. had to to it man. Oh and some gold too, at these prices!!
@Stacy or anyone who knows
What’s with ‘option expiration’? Is it a set time, say every couple of months or does it alterate?
@Gordo
The way the comex works now is that it does not deliver, but settles in cash. You can immediately see that that implies they can pretend to have any amount, they can thus absorb any demand and the price is a complete construction. The criterium must be plausible moves, so perhaps good explanations of down moves evoke amplified moves down, and good explanations of up moves are ignored. As long as the majority buys the explanations and remains oblivious of the fact there is no limit ti the amount of gold and silver the comex can pretend to have, the desired control is achieved. Sad thing is there is imho no way to break this unless there is a widely pubicized concerted demand for delivery.
Why doesn’t Ira talk about Options Expiry manipulation?
http://www.youtube.com/user/IraEpsteinFutures
100th!!
@nama rama – thanks!
@ronron – interesting; are the Americans retiring there? Or working?
I also bought some silver today ronron.
All the shop had!
Great show btw..
@Stacy. don’t tell anybody. i also buy and sell vintage guitars. hahaha .;-)
@Stacy. i have a coin shop at an open air market in mennonite country. all the tourists come there as it’s on lake huron. they are hollidaying. i also sell small antiques.
i tink lotta mulla coming to canada. people from the states are moving here like crazy. money peeps.
@ronron – congrats! What sort of booth do you have?
As Stacy says, things today are really uncer in.
nobody ter to share my joy?
yikes forgot. good show Stacy and Max. got a call from the carpenters union. i’m back in full time building a bank in my home town. big money. i’m gonna buy metal on the banks high wages. fucking ironic. hahaha lolol
i was set up at the Keady market today. some guy comes to my booth with a box under his arm. 100 maples. 19 bucks each. i had 1905 dollars with me. half a pack of smokes and gas to get home. did i mention i was wearing sun glasses?
@Max. eric sprott probably was visited by some spooks. threatened or paid off. don’t know. silvers no good if your dead. bought 100 maples today for 19 bucks each. canuck money.
china is still using silver as money, wake up.
Blair is an evil man he along with Harold Wilson, Roy Jenkins, Gordon Brown, Edward Heath and all the other elites have just killed Britain. Enoch Powell might have saved Britain but Heath destroyed him first.
and as far as the underwear line brand and name- “perky” max likes em this way and you could write “perky” across the tush of the line. Stacey being a perky energetic one herself would of course be the face in the commercials. Let’s get a private equity firm in here, some parisian sweat shops and rock out some undies
I think you found Ringo starr’s other son. Ohhh is he a hottie. you know he takes off those glasses and rocks out some oasis covers .
Excellent show, I dig seeing such an animated Max.
“..if you’ve got inside connections, and your a crony
capitalist, and you’ve got a gun..you can get ahead”-MK
“Now something must be done
About vengeance, a badge and a gun
‘Cause I’ll rip the mike, rip the stage, rip the system
I was born to rage against ‘em”-RATM
http://www.youtube.com/watch?v=4smim2MNvF8
“..incentivize through information..”-Ned Naylor-Leyland
I’m horking that one
@Stacy
Thanks Stacy. The same racket as usual. Option expiration. The JP Morgan gangster are at it. People speculating on the COMEX are plain stupid. The Comex is racket indeed. And I bet you that I will not be able to buy physical silver tomorrow. You will notice that also. When silver gets hammered, the day after or the same day !, physical silver becomes unavailable.
gold has pretty trended up along its 200 day moving average in the past 5 years+…plays into what Max and Stacy have said about the Chinese and other big players coming in and buying on the dips. Apart from that panicky period between the summer and autumn of ’08 when the herd were dumping anything and everything they could and buying dollars (aren’t the sheeple wonderful?)), the gold price has just slowly but surely risen. Guess what? it’s again close to its 200 day ma. another great time to buy.
So, Stacy/Max
If I needed to cash in on some yellow metal to see me through the present, should I do it pronto or wait a week? How long are they going to take gold down before it pops up again?
I can’t stand these market manipulators.
Look at it as the middle class in the epicenter of the bottomless sink hole that is our economy. Gold/Silver on the outskirt of the center. Therefore, as the economic ground is released around us, and we fall at free fall speed (As WTC 1,2, & 7) into the abyss, it looks as tho gold is gaining. In actuality, we are falling…taking with us our inaccurate benchmarks. Eventually, the ground underneath gold/silver will collapse, falling on our the already dead middle class corpse is a certain inevitability.
@what-me-worry? ,…. I think exactly the same regarding “Mutley” and medals/awards,…pathetic how folk get off on it IMO !
And folk store them in cabinets,……LOL LOL frikin’ hilariassssss
As you’re most probably aware (in all seriousness),.it’s all down to the cultural conditioning,..like the gold stars a child receives for repeating exactly what teacher espouses, etc etc,..
This advert comes to mind, when thinking of “our” culture:
http://www.youtube.com/watch?v=uKt-KR1TsRg
P.S. And don’t forget to take physical delivery.
Remember we are dealing with people whose god is “money.”
Got to hit them in the money belt. WHAM BAM OUCH!
If you’re worried about storing – dig a hole and make a map.
It worked for the pirates !!!
Buy Buy Buy – 17.68 now.
Make you silver work for you!
Options expiry is today in both gold and silver, and lo and behold, they get trashed amid news that consumer confidence is dropping in Canada and USA – which means that a new round of money printing is around the corner. I am going to pick up some gold and silver today – I have been waiting for da fascist nazi boyz of JPM to smash the metals so I can pick them up cheaply.
there’s a hell of a difference between the CMOH and the PMOF. The PMOF is political. The CMOH is given to men who either die or nearly die in service. The difference is profound.
If the social security checks stop going out it will trigger civil unrest in the nation like never before. Politicans would be kidnapped French style. For million of Americans this is their only income including some in my family.
@F. Beard
“What I don’t understand is why some big investment fund does not take delivery of silver and cause a huge short squeeze. Why should the little guy be asked to take delivery when the big guys won’t?
”
Easy, because all this talk of metals manipulation is BS.
If a hedge fund could make a killing going after JP Morgan they would have long ago, they have no allegiance to JP Morgan or there own Mother for that matter.
@Max and Stacy
How about inviting James Dine to talk about the fantastic potential of uranium ? You should do a special show about uranium.
@What-me-worry
Absolutely. One lazer guided bomb requires 19 pounds of silver ! Almost 9 kilogramms of pure silver just for one tiny lazer guided bomb.
And that’s just one bomb. Nuclear bombs also require massive amounts of silver to accelate the nuclear reaction. Silver is also used in nuclear plants to control the reaction and maintain the stability of reactor’s core. Keep your silver and hide from our criminal governments controlled by war mongers.
@Mongo – it’s not easy to prepare for the unknown unknown.
The PMOH award ceremony was something like this:
http://www.youtube.com/watch?v=8qkSe4YM7EY
@california doctor,
Stacy must have meant to say the Presidential Medal of Freedom, which is the civilian equivalent to the Congressional Medal of Honor. The PMOH “recognizes those individuals who have made ‘an especially meritorious contribution to the security or national interests of the United States, world peace, cultural or other significant public or private endeavors.’” Blair did receive the PMOF (see the timesonline article).
http://en.wikipedia.org/wiki/Presidential_Medal_of_Freedom
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article5511389.ece
Blair was awarded a Presidential Medal of Freedom.
Remember Muttley from Whacky Races?
Thanks for the feedback Stacy – great opportunity to top up a few more oz’s. Trouble is I’m in Japan and can’t find a good deal without a need to purchase minimum 30Kilos in one lump – and my baggage allowance for the trip home is only 23K. Bugger!
Comment to Stacey –
In this episode you stated that Tony Blair was given a Congressional Medal of Honor. That is incorrect. The CMOH is awarded to service members who conduct themselves with valor in battle. Many CMOH awards are presented posthumously due to the death of the person in battle.
Blair has never been given a CMOH.
@What-me-worry? – It’s options expiration on the comex today: http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html Just another smash and grab from 401k sort of day.
@What-me-worry?, not likely. This is just one of the great scenes of the play “We are all fucked” where gold will go up and down by tripple digits. As yet we have only seen double digits but soon gold will swing from 1100 to 1200 within hours. When that comes along, you better be ready
@Marc Authier
There’s articles about the myth you are propagating http://www.ecogeek.org/component/content/article/794
But simpler one can reason that if a panel costs 1-2 USD/Watt it is impossible the fuel use for its createation can exceed the fuel that 1-2 USD would buy, especially in an environment of oil companies and banks putting the breaks on things. Dutch research comes up with 4 year energy payback..
Of course the CO2 debt is not influenced by the location of installation, I guess any fool could see that.
But more interestingly as I mentioned, one can make silicon ingots using solar power.
Ever wonder abou this when you judge a car for its ‘fuel efficiency’? Cars waste about 75% of the energy they use.
Gold and silver getting hammered – could this be the start of the greatest ever demand for delivery of physical bullion?
@Marc Authier,
“You work for JP Morgan today?”
No, if you’d like to harass a JP Morgan employee, I have a couple of their business cards lying around here along with some from people I met at Goldman Sachs.
“Copper is the past and the present. Silver is the future. ”
There are at least three things you need to consider. First, what kind of volumes are we talking about for these silver-intensive industries? I think it will be low volume for quite some time, Even if silver dominates in niche product area, the total volume of silver used by the semiconductor industry is not going to boom. Second, as volumes ramp, manufacturers will look at a pareto analysis of their cost structure and realize very quickly that using silver is pretty darn expensive and look for alternative heat conducting fillers. There’s a lot of work being done right now on things like carbon-nanotubes and their derivatives that will work just as well as silver, if not better, at a much lower cost. Third, while using a silver filled film to boost solar panel efficiency by a couple of percent is a pretty easy thing to do in the near term, doing so is neither necessary nor sufficient to boost efficiency to the point where we see the volume ramp brought forward quickly enough to significantly increase industrial demand of silver in the near term. The real efficiency gains can only be found in advances in the semiconductor materials used and the solar cell structures themselves, and that’s where everybody seems to be focusing their research (it’s been a couple of years since I was looking at solar panel companies, but this is my vague recollection of the conversations I had with the technologists).
To be clear, I’m not telling anybody not to buy silver. I’m just arguing that I wouldn’t buy silver because a niche industry that is a long way away from being in true high volume production might use silver when it is in high volume production.
Personally, I’m not a precious metal fetishist, but I’m hedging with gold (some physical, some through SGOL, a physical-backed gold ETF). If I buy silver, I’d probably buy it physical.
The problem that I have with buying precious metals is the concern that nothing will be worth anything for awhile should fiat money collapse, which would also collapse the entire credit system. In a modern society where food magically appears at the local grocery store and very few people have the means or knowledge to produce any commodity but their labor, food and water are going to be a lot more precious than gold or silver should the whole system collapse. If you really think a total collapse is imminent, guns and ammo might be the best investment of all (and I’m no friend of the NRA or the gun industry).
Sheesh Mother Earth – I’m an easy lay for banksters! Should have kept my cash in my bank account or at least my penis in my pants. When will I ever learn?
For the Baker Street Irregulars…
http://www.youtube.com/watch?v=29JewlGsYxs&feature=related
…..Be seeing you !
@Stacy/Max, Thanks for having Ned Naylor-Leyland on and talk about silver!
To everybody else… silverbitches!
@Mother Earth
You really take me for a total asshole Mother. Solar panels PRESENTLY are not a solution. It will take things like silver to reduce the incredible amount of energy just to produce your solar panels. You have to consider the total energy used to produce a thing.
http://www.lowtechmagazine.com/2008/03/the-ugly-side-o.html
=========================================================
Surprisingly, the key data of the calculation (the amount of CO2 emitted per square meter of solar panels) are nowhere to found in the report. That’s remarkable, since these data are the most objective numbers available. Even so, they can be calculated by multiplying the obtained results (in gram CO2 emitted per kilowatt-hour of generated electricity) by the lifetime electricity generation. This calculation gives the amount of greenhouse gases emitted for the production of one square meter of solar panels, regardless of the assumptions on solar insolation and lifetime expectancy.
2 to 20 flights
Once calculated, it’s not so suprising that the researchers choose not to write these figures down. In the best case scenario, one square meter of solar cells carries a burden of 75 kilograms of CO2. In the worst case scenario, that becomes 314 kilograms of CO2. With a solar insolation of 1,700 kWh/m²/yr an average household needs 8 to 10 square meters of solar panels, with a solar insolation of 900 kWh/m²/yr this becomes 16 to 20 square meters. Which means that the total CO2 debt of a solar installation is 600 to 3,140 kilograms of CO2 in sunny places, and 1,200 to 6,280 kilograms of CO2 in less sunny regions. These numbers equate to 2 to 20 flights Brussels-Lissabon (up and down, per passenger) – source CO2 emissions Boeing 747.
ouch gold taking a hit.
@Marc Authier
Nanotechnology we don’t need. Who is sitting on top of each new nanotech company? An investment banker. The one that likes to screw you every time because you are so easy..
@Tao and Mother Earth
I really think you don’t get it.
http://www.azonano.com/news.asp?newsID=2172
What’s the fastest growing metal used in nanotechnology ? SILVER !
You are talking about thethe past. Nanotechnology, solar panels, supra conductivity. Nice niche metal.
Moonshine!
And search out info related to colloidal silver – shines and it’s healthy too.
Buy silver if you can afford to hold on to it and it ain’t gonna make you go hungry.
Every 1oz you have is 1oz less for the weapons industry to wreak havoc with.
Or is that just another cute lie?
@Tao
You work for JP Morgan today ?
200 different industrial and high tech uses is not bad. Just supra conductivity justifies the interest in the metal. Naturally it’s not copper. You are comparing apples with oranges. Copper is the past and the present. Silver is the future.
http://topics.nytimes.com/topics/news/business/companies/american-superconductor-corp/index.html
@ Mother Earth
If you’re selling silver I’ll buy it!
All expendable income on my end is going into silver, physically held, as fiat currencies will soon start to tumble.
When 1oz troys are being scored 4 ways in order to be broken off you know something nasty is coming our way…..
@Tao Jonesing
Excellent post, and not just because you support my argument.
@Mother Earth
One of the finest example of the vital importance of silver. American Superconductor makes interesting product and they ALL require massive quantities of silver. Silver is the most strategic metal for technology. No silver no modern world. Silicon valley would be nowhere without Silver valley. You ca bet your bottom dollar that high tech industry would have real serious problems if physical silver vanished overnight. That’s why we have to destroy JP Morgan and their stupid game. These manipulations killed new mines and any new supply.
http://topics.nytimes.com/topics/news/business/companies/american-superconductor-corp/index.html
My experience in the semiconductor industry is that copper is the primary metal used in constructing printed wired boards and package substrates, gold is the primary metal used for the wires that connect chips to package substrates, and silver is primarily used as a relatively small part of alloys or adhesives that are used to connect chips/packages directly to copper lands (e.g., underbump metallization and the lead-free solder formulations). The net result is that any electronic system (whether it’s a solar panel or a cell phone) will have 10x more copper than gold, and 10x more gold than silver.
Silver just isn’t that important in the semiconductor industry (which includes the folks who make solar panels), and I don’t think it ever can be. Copper is better all the way around, and silver can’t compete with gold when gold is used because silver oxidizes and gold doesn’t.
So, don’t buy silver because you think it is an important component of solar panels or any other semiconductor-based product. It isn’t, and it won’t be. Buy silver because you are speculating that fiat currencies will collapse, and if fiat currencies collapse, so will all the industries that use silver, at least for a time.
Try again
Bullion markets are audited once a month matching their balance sheet with their stocksGood or True?
@Marc Authier
I should refrain from spamming this blog, but quickly, this link you posted is typical for the sickening misdirection common in the main stream media.
“There are two major problems with the current silicon panel technology used to generate electricity. For one, silicon is inefficient in converting solar energy.”
Ok, so getting 17% energy out of a panel with no maintenance or moving parts is less ‘efficient’ than getting 33% out of a coal fired power plant with all its subsidized acoutrements including its lethality to all life on earth?
Efficiency is a non issue if there is no fuel cost.
The post continues.
“The thinner the silicon panel, the less efficient it becomes. Now researchers in Australia say they’ve found a way to make silicon films, 1 to 2 microns thick, into more efficient energy converters. The trick is to impregnate the silicon film surface with small amounts of silver. ”
They don’t have to be thinner. You could make them in a solar furnace (saves 30%). I will interview the researcher that has that invention patented.
So silver will boost the performance by 15%, that is 15% ot 17% which is insignificant really, that will not create a market.
So the problem is artificial, and the solution is a pretend blocking issue. Good stuff to get you on board with the ‘sorry, can’t fix it, but we’ll have a good life’ suicidal club.
Really, you are being screwed over in so many ways you can’t imagine. Stop helping the rapist.
@ Mother Earth
Silver allows to dramatically reduce the cost of silicon solar panels. It’s a revolutionnary metal, not just a monetary metal.
200 different industrial and high tech uses. Silver is really an interesting metal for ecology and high tech. I would say it’s even more interesting than an internet stock or an Apple computer share. Less risky buying physical silver than buying solar panel manufacturer shares also.
http://www.unsw.edu.au/news/pad/articles/2007/may/Efficient_solar_technology.html
@Marc Authier
Oh, sure, silver is fantastic because it is low resistance. In solar panels it is not a mandatory part of making it work. Really, I have cells, no silver on them.
Industry has a tendency to optimize, to cut cost, but also to put the process out of reach of the ordinary man. I am experiencing that right now as I am trying to buil, vacuum laminate and cure my own solar panels.
I got a new one:
Good or True?
@Mother Earth
Silver is VITAL metal for solar energy and solar component.
Real interesting article on CNET about the strategic role of silver to increase the efficiency of solar panels.
Quite luminous pearl indeed.
http://news.cnet.com/8301-10784_3-9715673-7.html
@ Mother Earth
http://www.rapidtrends.com/2009/04/23/silver-use-in-solar-panels-electrical-components-and-next-generation-cars-ted-butler/
Here it is MOTHER EARTH.
No silver. NO ! solar energy ! Silver is used in the electrical components because you lose less energy when generating the stuff from the sun. And there is a company also using the reflective properties of silver to concentrate the sun’s rays.
@Rick McCartie
You already have 2 ounces in your computer plasma screen and TV screen.
What’s even more fantastic is that most silver in things like plasma screens is rarely recycled !
@Marc Authier
This somewhat challenges my experiences..Where in a solar panel would I use silver? It is silicon, aluminium, copper, tin, plastic..
A good replacement for mirror silver is indium, which is not plentyfull..
As long as we strive for the highes level of civilization we will ensure we end up with the lowest..
this interview blends nicely with one of your next posts……DIY Policing.
Just think if everyone did DIY BANKING ……goodness me,we’d all have physical silver and gold !…………yeah , that would upset the ‘ol apple cart.
And silver is sexy on an environnemental basis.
SIlver is used to make solar panels. The most reflective metal in the universe. mirrors in the past used to made of silver ! They still do some in mirrors for presicion instruments like large telescopes.
ALL solar panels needs an important quantity of silver. ALL plasma screens need at least one ounce of silver. ALL fiber optics need silver. ALL supra conductive cable need silver as main component. One kilometer of supra conductive cable needs about 1 tonme of silver. ALL wind turbines use also silver components.
It’s the greenest metal. Even more than lithium.
JP Morgan is plain stupid, corrupt and arrogant.
It feels like it is time to sell my bullion. Why shouldn’t I?
@Lennart Mogren – luminous pearl, I like that; thanks
Well, this report is a big luminous pearl in the excellent string of reports lately. Thanks both of you!
Tony Hayward is set to receive a new one million pound a year job as a non executive at a joint Russian project. This is such the corporate way today fuck up royally and become rich see Bob Nardelli, Stan O’neill and the list goes on and on.
http://kuvaton.com/browse/15297/all_the_things_bp_could_buy_with_the_money_lost_from_the_oil_spill.jpg
The Hunt Brothers weren’t the bad guys depicted by the sold out media.
Now we know the truth about the scum from the FED running USA. I never knew how silver was an obsession to the FED and the bankster scum. Silver is effectively more dangerous than gold for these criminal papare shufflers. The wearwolf is scared stiff by the silver bullett.
It’s still UNEXPLAINABLE.
It would be kid’s play to squeeze to death JP Morgan. Naturally you need nukes to protect you against the USA bastards running the fraud. That’s why I predict that this type of attack will eventually come either from Russia or China.
Or maybe Iran. You need a government or governments ganging against the national socialist gangsters from New-York. A individual investor risk assasination if he tries it alone.
@F Beard
Or the darn Russians with all their silver. Or the Mexicans while you are at it ? Imagine what these United States criminals from the bullion banks did to South Africa, Russia and Southe America by crushing this metal.
Personnally I would sue the COMEX and put a specia very short terml futures contract on the head of these sun od bitches at the Comex Wall Street sun of bitches. American free markets my ass. This fuckin country still pretends being for free markets. It’s much more like fuckin Nazi Germany and the USSR when it comes to the bastards at the Comex and JP Morgan.
Great guest, Max and Stacy!
Interesting point about the Executive Order that permits the Prez to exempt corporations important to with national security from finreg. requirements. I was not aware of that, but of course it’s a loophole that can be used to protect all the TBTFs. Makes an even bigger mockery of the recent FinReg act.
Very valuable to pinpoint this as the achilles’ heel of the cartel. Inspierd me to go buy some more phys. silver.
Unemployment is a problem in the U.S. When a person reaches the status of long term unemployment they pretty much fall off the records and I remember reading somewhere that they are not viewed as unemployed anymore. What ever that means. News also circulates about the trend of companies not hiring the unemployed or applicants with bad credit. It seems common now to have skilled and degreed professionals competing with short-term/temporary/part-time high school level positions.
Yesterday a report about modern slavery appeared. I hope this is not what the U.S is returning to.
Slavery in Our Time
http://www.inthesetimes.com/article/6192/slavery_in_our_time/
Job seekers’ latest hurdle: Credit checks
http://money.cnn.com/2010/07/22/news/economy/credit_checks_for_job_applicants/index.htm?hpt=T2
“Unemployed need not apply!” Hiring Policies
http://writeatthebeach.wordpress.com/2010/06/18/%E2%80%9Cunemployed-need-not-apply%E2%80%9D-hiring-policies/
@F Beard
Or IRAN ?
Good show. What I don’t understand is why some big investment fund does not take delivery of silver and cause a huge short squeeze. Why should the little guy be asked to take delivery when the big guys won’t?
After opening an Hollywood Box Office future exchange in Teheran, Teheran announces it will buy ALL silver bullion bars it can put its hand on. It would be a grand way to destroy JP Morgan and the Empire of Pure Evil is becoming the USA. And you would have a plus here. If ever the lovin and peaceful Israel nuked Iran, the silver reserves could be put just near the nuclear installations. Si
Who is going to be Silverfinger ?
@jnadler
seriously, no never mind its a waste of my breath…
After opening an Hollywood Box Office future exchange in Teheran, Teheran announces it will buy ALL silver bullion bars it can put its hand on. It would be a grand way to destroy JP Morgan and the Empire of Pure Evil is becoming the USA.
Al-doomandbloom
If real, that is quite disturbing.
“A new safety system has been put in place allowing much of the net to be shut down in an emergency.”
” ‘We had to be cleared by armed guards and retina scans,’ he said.
‘We had to spend six hours in a locked room where the keys had been generated.’ ”
“The keyholders would be called to a US base to oversee a reboot of the security system, which includes creating new keys.”
Hayward to get a 900,000 annual pension, DemNow
Or Iceland could announce that it’s going on a silver based standard. It would be really easy to destroyt these Nazi parasites from JP Morgan.
Get that Cramer Ad off here AAAAAAAAAHHHHHHHHHHHHH!!!
And naturally Central Bank of China.
Or these godamn Greek that merit a kick in the ass and the balls for not getting rid of the scum.
Or Iranian Central Bank ? Or Venezuelan Central Bank ?
Central Bank of Russia could do such a thing.
As Mike Maloney says:
he’s fully diversified, he has both gold and silver.
Great show Max, I will continue to buy physical silver.
Too bad about Sprott!
Ned reminds me of Herbert West from Re-Animator !
Dennis Gartman has left the gold bull heard. I attribute this behavior to erectile dysfunction.
http://www.businessinsider.com/dennis-gartman-has-quit-being-a-gold-bull-2010-7
Whats going on with Sprott ? Talking to Eric King he said he couldn’t talk about his planned silver fund due to ‘applications being with the CFTC’ or words to that effect. Is that just bollocks or what ?
j nadler: You come on to the site… state that gold and silver are worthless… then start commenting on your own comments.
You are indeed a brave individual.
The Farting Camels of TRIPOLI !?! XD 10/10
a final comment to my above comment. I am not advocating you mix the paper and ink and counterfit any money. I will leave that up to the centrl bankers. I am saying you trade up the paper for a corvette or something on ebay….. make the money by trading stuff like an original gangster…..
we all know gold and silver are worthless. stop all the jibberjabber gobbledygook and trade in your metal for something worth something…. like a stack of printer paper, or some permanent ink. buy things you can use to make your own money, not what someone else digs out of the ground. and max, bring back luc saucier….. he’s dreamy
There is something REALLY sinister about this news….
http://www.metro.co.uk/news/836210-brit-given-a-key-to-unlock-the-internet
“Paul Kane has been chosen to form part of an elite ‘chain of trust’ charged with rebooting the web if it is sent into meltdown by a terror attack or mass hacking.
A new safety system has been put in place allowing much of the net to be shut down in an emergency. ”
this is NOT safety….this will be the takeover of the internet…
damn i am sounding like Alex Jones
is stacey herbert single?
I’m staying away from the farting camels of Tripoli.
1= Gold
2=Silver