Submitted by SD Contributor FW:
ROGUE METALS REPORT: Stacker Splatter Alert
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Precious metals investors were taken to the woodshed today in yet another indication that fundamentals are governing trading. Analysts at JP Morgue, resigned to investors’ fate, were seen making paper airplanes in the New York offices of the fortress balance sheet bullion bank. “We told everyone these things are nothing more than dog squeeze,” remarked one analyst who declined to be named. His colleague, Bubba John Lapdog, estimated that supply and demand trends for silver peg its true fair value at $1.75 per ounce. “Ouija Board metrics indicate silver must trade below North American natural gas prices before we hit bottom,” Lapdog barked.
The outlook for gold is seemingly just as bleak. John “Pool Account” Radler is perhaps most emphatic about the bear case. “I’ve been in this business for over thirty years. My daddy cleaned the trash cans on the TSX floor and his third cousin was J. P. Morgan’s personal butler. I can say without a shred of doubt, gold is the most overvalued it has been in my entire life, and probably my dad and entire family’s life too.”
There’s been considerable discussion about possible manipulation and the impact from trading algorithms. Radler chalks up this talk to nothing more than sour grapes. “If you program your computer to interpret a declining Euro given fears of the exit of Greece from the EU and instruct the smart bot to buy dollar-based assets who wouldn’t consider this prudent,” Radler said. “Obviously, once a computer has been programed it knows what it’s doing and it never makes mistakes,” Radler noted.
As expected, the gold and silver bug community has been busy this week — but perhaps not in the way one might expect. Attempting to get a bead on sentiment your humble correspondent checked in with “The Doc,” the proprietor of a relatively new but highly popular blog dedicated to the silver market. We found him slouched over his desk, breathing heavily. “The phone has been ringing all day,” he exclaimed. “My momma was right. I should have been a shrink. I’ve never heard from so many whacked-out people in my life. Everyone is freaking out!”
Suddenly, a huge crash and thud echoed through the Doc’s 5th story window. Red No Bull, Doc’s partner burst into the room. “Doc, we need you outside,” he shouted. “Looks like another stacker gave up and jumped off the building.”
It’s shaping up to be an epic week. But The Doc did have sage advice worth passing on: “If you’re panicking, turn off the computer and go take a walk.”
We couldn’t agree more. Just be sure to look up from time to time and be ready to duck!
-FW
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
If you want an occasional ROUGE METALS REPORT in the future, show your love and spin my coin
…and get the heck away from that balcony!
I’m Buying! I’m Buying, I’m Buying. I’ll give you $5.00 an oz. Don’t Jump. By the way I listen within.
Damn good post Wombat. I have to exit out because the coins didn’t show up. I’m on a freinds computer. Doc, you need to spin Fw’s coin several times.
Damn. Still no coins. Yopu’ve got to add more.
Damn! I’ve got you tomorrow.
DOC, why are there no coins showing up. Is it the computer I’m on?
He’s Coined 2oz you and me. So it has to be your computer.
lol
Never thought I’d be able to buy rounds for less than $30 after dealer mark-up…but today I hit that dip for a few Mexican 2006 coins that one local dealer has recently obtained (apparently from the gov’t of Mexico!?) at $29.83. Looking forward to buying a few more next week for even less! No jumping for me – except into the coin shop for more.
2oz, you must be logged in to spin coins.
I am selling my stack girls. Gotta get some dry powder for the Facebook IPO!
It seems its a coordinated effort to debunk PMs in order for these people to fool and make a killing on the masses of unsuspecting people. Im from the Philippines , most people here are still asleep on what real money is… and for the past weeks, there is this caravan of Gold Silver Platinum buyers (no specific name of institution) from the US trying (in my opinion) to fool the people — to sell their PMs for “MONEY” aka FIAT CURRENCY. They hold this event on a Prestigious Hotel (Marriott Hotel Manila) from Monday to Friday 10am unto 6 pm!!!). They even have a whole page ad for this event for 1 straight week!!!![]()
Upon checking the price ![]()
they are willing to shell out for these PRECIOUS PMs , they were way way below even the SMASHED DOWN PRICE!!!!! As the Bible says … Don’t let your LEFT hand know what your RIGHT hand is doing …. well in the scriptures its applied to charity … for these people (this quote) its applied as a strategy to DECEIVE unsuspecting desperate people.
COINS
did some one
say they NEEDED ………..COINS
everyone gets a
COIN
Since the last smack. I have no choice but to cut loss at $49.98.
Flying Wombat:
Nicely done FW. One spin of your coin from BullRun. Yes the SD Bullion hotlines have been ringing non-stop over the last week. It is great to see SD readers stacking the smack. While SD Bullion is still small in affecting for example, Silver American Eagle sales from the US Mint, I will be intrigued at following the numbers more closely over the next couple of weeks. I would expect that we will see a large uptick with the most recent sell-off corresponding to purchases of physical metal across the board. We believe we have some of the most competitive bullion prices out there, but rather than spending money on marketing, we are going to allow readers of SilverDoctors.com and previous purchasers of SD Bullion to spread the word of our bullion business. This will allow us to invest all of our capital into the lowest bullion prices possible.
Im not jumping, well maybe a little. I jumped on 80oz of American Eagles!
I don’t know bullrun, I’ve never trusted the mints numbers. They are a government entity after all. Matter of fact theres evidence they mess with the numbers from last year or the beginning of this year when they waited for a new year to report multiple months of sales.
We had the Greeks going crazy, Europe in a funk, 65,000,000 paper ounces of silver at JPM called today and the best we see is a 75 cents down tick? The video presented the current post indicates this trade showed desperation. The MFG epithet was invoked when mentioning this JPM client margin call. That says a great deal JPM could be using client segregated funds to balance their books. It is not the first time they have done that. If the JPM mole sez $100 billion in losses baked into the cake, even if its $50 billion that crushes JPM. FBI is starting an investigation into the Morgue losses. Goldman Sachs has been very quiet as has Dick Fuld. I wonder why.
Goldman Sachs has been very quiet as has Dick Fuld. I wonder why.
BBBBBBBBBB-cause they are
NEXT
DOC and Wombat. It must be my friends computer. I won’t have access to mine until tomorrow. Awsome post Wombat and you have a coin coming tomorrow. Doc, I’ve been waiting for another good book and I think you’ve found the SD author.
lol 427 I am glad I am not the guy on the right. He seems to go head first.
Good stuff!
Right on Silverbugsy. The PTB are trying very hard to get people to sell. Well I’ll tell you what, if there is anyone out there that’s scared they’re losing money as the price drops, I’ll buy your silver at spot if you wish to sell. I’m actually loving this. I may get the opportunity to get my DCA back to the high twenties if I can find a little extra Fiat.
Silver bullion;