BUY PHYSICAL SILVER to expose JP Morgan's Fraud...BANKERS OR US

[Letsbereal]

Silver At Escape Velocity, As Another ECB Intervention Desperately Needed
18 February 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/silver-escape-velocity-another-ecb-intervention-desperately-needed

Excerpt:

We apologize for this most recent silver update, but it is rather exhilarating to watch the main Tri-Party repo clearer, and Fed's pet bank squirm.

Silver is now above $32.70 as the unleashed squeeze is claiming victims left and right, and the metal is up 7% from yesterday's low.

Jamie: it may be time to shelve those dividend plans for a year or two but at least you got your bonus you sly dog, you.

As a reminder, margin calls in silver, and they will be, ahem, sizable, commence at 3pm Eastern.

[Letsbereal]

Houston, This Is Blythe, I Have A Problem
18 February 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/houston-blythe-i-have-problem

Excerpt:

And silver surges on margin hike news, taking out $32, and fresh 31 year highs. Something is very wrong.

Our only question: how long before the American taxpayer has to repeat the AIG experience, and bail out JP Morgan over its billions in silver shorts.

For our non tinfoil heat wearing friends in the various operating subsidiaries of the FT, we have one comment: "We have sold everything we can produce in silver and have demand for at least twice that volume,” said David Madge, head of bullion sales at the Royal Canadian Mint, which produces the silver Maple Leaf coin.

Silver coin sales at the US Mint and the Austrian Mint also hit record levels in January"

[Letsbereal]

Silver Army Advances!
http://www.youtube.com/watch?v=3_9Tlvj1rus

“We’re gonna go through the enemy JPM, like crap through a goose.”

[Letsbereal]

CME Lifts Gold, Silver Margins by 50%
18 February 2011, by jturbin (GoldAlert)
http://www.goldalert.com/2011/02/cme-lifts-gold-silver-margins-by-50/

CME Group announced yet another series of margin requirement increases for gold and silver futures contracts.

Effective after the close of business today, initial and maintenance margin requirements on gold and silver will increase 50%, according to CME Group. 

CME is the owner and operator of the New York Mercantile Exchange and Commodity Exchange (COMEX), on which precious metals futures contracts are traded.

Today’s announcement follows several margin increases over the past year, as the exchange seeks to limit speculation as precious metals continue to surge higher.

While these decisions have often led to short-time sell-offs in gold and silver, history has shown that these measures have little to no effect over the longer-term.

If the CME and federal policymakers are trying to suppress the price of gold and silver, as many have suggested, they would be much better served urging Federal Reserve Chairman Ben Bernanke to end his reckless quantitative easing programs instead.

[Letsbereal]

If The CME Hiked Gold And Silver Margins By 50% And Nobody Cared, Did A Tree Fall In The Precious Metal Price Suppression Scheme?
18 February 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/if-cme-hikes-gold-and-silver-margins-50-and-nobody-cared-did-tree-fall-central-banking-pm-pr

Excerpt:

Now that JPM is out of the picture, the last recourse of gold and silver price suppression is exchange margin hikes. Or was.

The CME has announced, that as of close today, it will hike various gold and silver (and other metal) contract initial and maintenance margins by 50%.... And nobody cared.

This means the CBs are well on their way to losing the imposed gold standard wars.

Look for the USD to take a big step lower shortly as nominal values of everything do the inverse.

This will naturally be promptly followed by a "sudden and dramatic deterioration in European conditions" as the EUR can not be far behind in the FX race to the bottom.

[Letsbereal]

Turd Ferguson: At the risk of sounding crazy. At the risk of ruining whatever minimal “reputation” I may have. Most importantly, at the risk of losing money, I have to say this:

I think WE HAVE BLYTH ON THE RUN. BIG TIME. My rationale for this is going to be difficult to summarize in writing but here goes.

Bear with me… http://tfmetalsreport.blogspot.com/2011/02/wow.html

[Letsbereal]

Silver Bankers May Be Sitting on Big Derivatives Losses and the Fed May Be Funding Them
19 February 2011, (Jesse's Café Américain)
http://jessescrossroadscafe.blogspot.com/2011/02/silver-bankers-sitting-on-big.html

Excerpt:

I think it is worth noting that the BIS data, which I use myself, is very good, but normally six months in arrears or more.  I tend to use it to track the float in eurodollars which the Fed stopped publishing when it also halted the production of M3 data.  But this is not Harvey's fault, but merely another sign of the opaque nature of the US markets.  There is no reason not to demand monthly disclosure.  Investors and depositors are always expected to make informed decisions, and then they are denied the information from large market participants using their positional advantage.

The comment and analysis below is from Harvey Organ's most recent commentary: http://harveyorgan.blogspot.com/2011/02/silver-explodesmiddle-east-problems.html

    "The huge rise in silver price has caught the silver bankers totally offside on the silver banking. The BIS data released in November (www.goldexsextant.com) shows that the G 10 bankers have collectively sold forwards and swaps to the tune of 4 billion oz and short naked calls for another 3 billion oz. The total, 7 billion oz represents 10 years of production. If you just do the forwards, then it is 7 years of annual silver production.

Let us say the average cost of acquiring these derivatives and forwards equate to $15.00 for silver. Thus collectively the entire G10 bankers are feeling massive pain (losses) to the tune of:

        7 billion oz of silver( 32.30-15.00) = 7 billion x $17.30 = 121.1 billion dollars of losses.

This is in a market of only 14 billion dollars. It begs the question to what economic need was this done. This is still off balance sheet.

If you include only the forwards or swaps (the lending of actual metal to which nothing has come back yet) then the losses are:

        4 billion x 17.30 or 69 billion dollars.

Regardless how you look at it, the bankers are in serious trouble with this huge rise in silver prices. I hope you understand the severity of the situation.

This situation merely highlights Obama's failure as a reformer, and the general failure of both parties to act in positions of trust for the American people, rather than the special interests that provide them money and sincecures after they leave office.

As I noted on my own silver chart, I am no longer will to forecast anything but intermediate targets for silver, given what appears to be widespread imbalances and crisis-inducing leverage in the market, especially given the strong demands on the bullion market from the sovereign and individual buyers in the BRIC countries.

It is never pretty when a fraud collapses, and this one in particular is difficult because it seems to encompass those stewards of the market upon whom one generally relies for information and some measure of confidence in the data.

The market will clear when it clears, and seems to be defying 50% margin requirements increases and well placed disinformation campaigns in the process.

[Letsbereal]

BIX WEIR : AFTER THE CRASH – PART ONE http://www.youtube.com/watch?v=Lwkpr8D-Fjc

BIX WEIR : AFTER THE CRASH – PART TWO http://www.youtube.com/watch?v=AJNc7lI-WV0

BIX WEIR : AFTER THE CRASH – PART THREE http://www.youtube.com/watch?v=XBF8frSUXUA

[Letsbereal]

Blythe Masters et ses risques systémiques
http://www.youtube.com/watch?v=KbZNikih6yM

Look at this little dirty puppet mouth go.

Blithe Masters Lying trough her teeth about Commodities Manipulation LOLz

[Matt Hatter]

$46 Silver Technical Analysis Forcast
http://www.youtube.com/watch?v=U6kOLP5sRso

[Letsbereal]

Max Keiser: The SLA is up early and ROCKING the paper bugs!
http://maxkeiser.com/2011/02/21/the-sla-is-up-early-and-rocking-the-paper-bugs/


Yeah, baby, yeah!
http://www.youtube.com/watch?v=J2HBdRCroks

[Letsbereal]

Man on the Silver Mountain by Concept of God
http://www.youtube.com/watch?v=nWxE1k--fj4

[Letsbereal]

WTF! Look at SILVER GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOoooooooooooooooooooooooooooooooooooooo!!!!!!!!!!!!!!!!!!!!!!!!

[mr anderson]

Do you believe it'll come back down again to roughly $24-26?

[Letsbereal]

Do you believe it'll come back down again to roughly $24-26?

I am not an expert but from what I gather not cause the silver shorts of Blythe from JP Morgan have been brok'n.

But do your own investigation. A lot of info in this post to make your own conclusion also.

[Letsbereal]

The Wicked Witch Is Nervous
http://www.youtube.com/watch?v=Lq0bAOVaQwQ

[Letsbereal]

Evil Genius Loves Blythe Masters for Cheap Silver Prices
http://www.youtube.com/watch?v=Ud0pdhoisxc

[Letsbereal]

KWN Weekly Metals Wrap
19 February 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/2/19_KWN_Weekly_Metals_Wrap.html

With Bill Haynes and Dan Norcini

Download MP3 from site (right click -->--> save link as)

[Letsbereal]

Silver Takes Out Hunt High... When Priced In Euros
21 February 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/silver-takes-out-hunt-high-when-priced-euros

As many are always quick to point out, any talk of a record price in silver is preliminary as long as the Hunt Brothers nominal high of $50 set in 1980 remains in the history books.

However, when priced in EURs, this is not exactly the case.

As can be seen on the chart below, our European readers have full permission to say that silver is now at an all time high, with no caveats or footnotes.

[agentbluescreen]

Gee

Somebody must have changed some deflection capacitors in the sweep output section here, my silver scan is looking like a nice raster again.

[Letsbereal]

Turk - Silver Backwardation Now “Unprecedented 73 Cents”
21 February 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/2/21_Turk_-_Silver_Backwardation_Now_Unprecedented_73_Cents.html

Excerpt:

With silver trading at $33.50 and gold breaking above $1,400 in early trading in London, King World News today interviewed James Turk out of Spain to get his thoughts. Turk remarked, “The backwardation that we have been talking about has now blown out to 73 cents, that is unprecedented. I find that number to be completely astounding! Where are the arbitrageurs? They could make a fortune. This suggests to me that the arbitrageurs are out of the market because they don’t have the physical metal to sell to deal with the imbalance.”

Turk continues:

“The fact that arbitrageurs are not pouncing on this huge bakcwardation is just further evidence of how little physical silver is available. 

Going back the KWN blog we did on February 10th, this backwardation in silver has potentially huge implications for the US dollar. Metal goes into backwardation for two reasons - Either short supply, or nobody wants to accept fiat currency. We know the backwardation in silver is because the supply of physical metal is so short.

But the lingering question in my mind is whether the strong hands who hold silver are unwilling to take a fiat currency. If that is the case, and this backwardation in silver eventually leads to a backwardation in gold, the implications for the US dollar, and indeed all of the fiat currencies in the world are ominous.”

[Matt Hatter]

Do you believe it'll come back down again to roughly $24-26?

Watch my technical analysis video I posted a few posts back.

No $25 silver is long gone bro.

[wembley87]

Silver $33.90 and climbing !!!   

[Letsbereal]

John Hathaway - Silver Breaks Out, Paper Market is Nonsense
21 February 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/2/21_John_Hathaway_-_Silver_Breaks_Out,_Paper_Market_is_Nonsense.html

Excerpt:

With silver trading at a new multi-decade high trading above $34 and gold up almost $20 breaking above $1,400, King World News today interviewed John Hathaway, Senior Managing Director of the Tocqueville Gold Fund.  Hathaway stated, “What I strongly believe is that the amount of paper we are seeing traded in both gold and silver on the Comex and in the derivatives market is nonsense.

It has to be something in the order of 100 to 1.

The fact that the market is moving today when the Comex is closed tells me it is not New York that is doing this, it is physical demand.”

[agentbluescreen]

Silver $33.90 and climbing !!!  

$34.20 high and bouncing back up to that again now, and Hong Kong will likely take it higher overnight.

[Matt Hatter]

Looks good to keep up going here!

Never let a good crisis go to waste. 

[ekimdrachir]

I wouldn't expect silver to drop to $24 - 26 again, at all. If it goes to 28 or 29, thats amazing.
The demand is high, the supply is low. If you can even get Silver, you are paying a good price.
Because remember the price of silver doesn't really go up or down, its the fiat paper that is in decline.

[Letsbereal]

Holy Long John Silver, Batman!
http://www.youtube.com/watch?v=K6CGgAm1aJ8

[grapecrusher1]

Watch my technical analysis video I posted a few posts back.

No $25 silver is long gone bro.

professional analysis.
thx

[ekimdrachir]

http://www.marketwatch.com/story/hold-silver-hedge-energy-dump-internet-2011-02-22

Feb. 22, 2011, 6:34 p.m. EST
Hold silver; hedge energy, dump Internet
Commentary: Major portfolio changes in a changing investment climate

By Bill Donoghue, MarketWatch

Sometimes in investing, you can have too much of a good thing.

In sector-rotation investing, that often translates to a parabolic rise in the value of a specific sector. Energy and silver have in recent weeks have experienced such rises. Silver, however has enjoyed a recent correction before resuming its meteoric rise. The pressure is off for now.

Energy profits may correct; hedge your bets

[Letsbereal]

Richard Daughty & Chris Waltzek – Silver TALK – 02/2011
http://www.youtube.com/watch?v=cKx6XEs95OA

[Letsbereal]

Eric Sprott: The Government Lied... There is No More Silver!
http://www.youtube.com/watch?v=T2w7wGwUZ9Y

Lindsey says (not he but what he heard from the Elite) Comex only has 107 million ounces of silver against 720 million ounces of obligations.

Checked out one thing: Comex warehouse stocks are around 102.76 million ounces as of Tuesday. CommodityOnline 16 february 2011: http://www.commodityonline.com/news/Silver-price-at-30-year-high-36496-3-1.html

So one could argue that he’s right about those 720 million ounces of obligations too.

[Letsbereal]

Vancouver silver bullion shortage becoming an OUTAGE - live update! (February 23 2011)
http://www.youtube.com/watch?v=5fipRVHdjCU

[agentbluescreen]

Vancouver silver bullion shortage becoming an OUTAGE - live update! (February 23 2011)
http://www.youtube.com/watch?v=5fipRVHdjCU

Eric Sprott buying Gold from IMF -
http://www.youtube.com/watch?v=IzFl5DESje8

[Letsbereal]

$400 Silver, Extreme Backwardation: James Turk on Goldseek Radio
http://www.youtube.com/watch?v=pJaBMgz0VkA

[Letsbereal]

Silver Backwardation Surges To Over $1.00
24 February 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/silver-backwardation-surges-over-100

Excerpt:

The last time we presented the silver backwardation chart, it was "only" $0.50 or so between the front month and the long end.

In the week since then the difference has jumped to what we believe is a new record of $1.50 or so.

Now that the CBOE is issuing CEBOs and allowing plain Jane investors to bet on imminent corporate bankruptcies, would it be so kind to issue a contract or two on the COMEX... Pretty please?

[Letsbereal]

Silver Market Hit Hard With Bear Raid - The Infamous Dr. Evil Strategy
24 February 2011, (Jesse's Café Américain)
http://jessescrossroadscafe.blogspot.com/2011/02/silver-market-hit-hard-with-bear-raid.html

Excerpt:

Yesterday I said:

    "Today was the option expiration on the Comex, and those options which are 'in the money' and have not been settled for cash are now converted to March futures positions.

    Depending on the size and distribution of those conversions we may see some 'action' in the front month because they are sometimes notoriously weak hands and will receive at least one 'gut check.'"

And a gut check to run the stops was very obviously delivered in the afternoon trading session at the Comex and across the monthly contracts.

This is remniscent of the 'Dr. Evil' strategy that got Citi warned and fined in Europe a few years ago. Memories of Citi's Eurobond Manipulation At the time one of the defenses offered by an ex-pat trader was 'in the US everybody does it.' Has JPM taken up the trading strategy that Citi once made infamous? And why would banks be trading for themselves in markets with players they help to finance, and with public money?

Large players can come into a relatively small market and drive the price by selling in size, running the stops which they often can see through positional advantage, and essentially bomb the market, manipulating the price in the short term to their advantage. The profit is made through derivative and correlated bets that depend on the price of the metal, index, or bond such as shorts on mining stocks, currencies, bonds, etc.

This is why the 'uptick rule' in stocks served a purpose, and why regulators are in place to keep an eye on big players with deep pockets and a far reach. In a properly regulated market the CFTC would immediatly pull the trading records for today and track the big sellers, and inquire as to the reasons for their sudden selling.

It *could* have been a hedge fund margin call. It could even have been a margin call provoked by a bank tightening credit lines with one hand while playing the market with their other hand. There were rumours being spread all week keying in on the day after expiration.  I do not have any inside information, no special knowledge, only the advantage of experience and a watchful eye on the markets.

And so there it all is. I was ready for it. I may or may not make money from it, but at least I had flattened my positions as I had said earlier this week and did not lose from it. But it sickens me to the heart nonetheless. 

[Letsbereal]

Evil Genius Loves JP Morgan for Cheap Silver Prices
http://www.youtube.com/watch?v=Ud0pdhoisxc

[Letsbereal]

Royal Canadian Mint Now Saying It’s Difficult Securing Silver
24 February 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/2/24_Royal_Canadian_Mint_Now_Saying_Its_Difficult_Securing_Silver.html

Excerpt:

With continued reports of booming sales and tightness in the silver market, today King World News interviewed Dave Madge director of sales at the Royal Canadian Mint. When asked if the RCM is having trouble acquiring silver Madge responded,

“Demand right now for silver is through the roof and it shows no signs of slowing at this point. Sourcing silver is becoming very difficult.

We are competing with a great many players when it comes to purchasing silver and many of these players are bidding the price higher.”

[Letsbereal]

With Silver now: http://www.youtube.com/watch?v=I3jX4WhIW6o

Nice work if you can get it,

And you can get it if you try.

And if you get it,

Won’t you tell me how?


Extra: http://www.youtube.com/view_play_list?p=7BD2BA776A67B72B