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• Silver Names discussion
• A Trader's Thoughts On Recent Market Volatility
• BrotherJohnF – Silver Update – “Back Up The Truck”
• A Little Encouragement courtesy of FOFOA
• Asian Buying Will Overwhelm Manipulation in the Paper Gold & Silver Markets
• William Black: Why Nobody Went to Jail During the Credit Crisis
• Financial Warfare
• Get a Sneak Preview of the 2012 Gold Profit Report
• Gold being Tested; Should Hold Better than Most Anything but is a Trade War Starting?
• Links 9/24/11
• Recalling "King Dollar" Distortions
• Precious Metals: Just a Squiggle
• Sept 24, 1869 : How Jim Fisk and Jay Gould profited handsomely from a massive short squeeze in Gold
• some ebay sellers are turning into even worse snakes
• By the Numbers for the Week Ending September 23
• Revisiting March Silver Exit Decision, And Generating Yield With Puts On Gold
• You cant Print Physical Metal
• Gold Gets Hammered
• 2008 Déjà Vu Signals Rebound for Gold
• Is it too late to buy gold?
• Wow, What a Ride for Silver!
•  HISTORICAL AND VOLATILE WEEK 
• Friday ETF Roundup: GDX Tumbles On Weak Gold, VWO Soars On Rebound
• Red Hat Well-Positioned For Continued Growth
• This bloodshed is so hard to watch and be a part of
• Gold and Silver Caught in Downdraft
• Gold Liquidations on Margin Hikes
• George Soros' Top 10 Holdings
• No title needed. Yawn.

Silver Names discussion Posted: 24 Sep 2011 06:22 AM PDT Unfortunately this was before another 17% drop on Friday.

A Trader's Thoughts On Recent Market Volatility Posted: 24 Sep 2011 04:58 AM PDT By Carlton Chin: The stock market has dropped swiftly and viciously over the past few days. After the S&P 500 touched 1220 on Tuesday, September 20, 2011, the market dropped to 1130 as of the close on Thursday - before bouncing slightly on Friday. At this level, the S&P is currently down about -7% for the month, -14% for the quarter, and -8% year-to-date. The turbulence has impacted many other financial markets – including crude oil, precious metals, commodities, currencies and fixed income. In just a few days, crude oil dropped from $90/barrel to $80/barrel. Gold has declined from just above the $1800/ounce level to $1650/ounce. Commodity prices dropped about -10% over the past few days. Silver had a breathtaking decline of -10% on Thursday, followed by an additional -17% on Friday. Copper, which some analysts follow as an "economic indicator" has decline about -25% from recent highs of near 420 to the Complete Story »

BrotherJohnF – Silver Update – “Back Up The Truck” Posted: 24 Sep 2011 01:47 AM PDT Brother John on the mega silver crash. "It's time to back up the truck, load the boat". Wise advice. ~TVR

A Little Encouragement courtesy of FOFOA Posted: 24 Sep 2011 01:27 AM PDT Sometimes it's good to take a moment to look back and see where we've been to put current events (back) in perspective! Snip: "In the wake of gold's scary 12.5% three week correction from its all-time high (and having to stew in it all weekend), I thought I'd share with you some encouraging comments I found on another website: __________________________________________________ ______ 1. Perspective Is today *really* a down day for gold? For $10,609.37 you could have bought the DOW on May 13, 2000. On June 6, 2006 you would have paid $10,706.37 of inflation-riddled dollars for your trouble. Today you'd pay $10,771.48 for that same DOW. On the other hand, $10,609.37 of gold purchased on May 13, 2000 would have had a dollar value of about $21,660 on June 6, 2006. And today, Sept. 23, 2011, that same gold would have a dollar value of $63,552. Choose gold. Hold gold. Don't worry. Be happy." Read the rest here - and ENJOY/RELAX/BREATHE a little!::36_1_11: http://fofoa.blogspot.com/2011/09/on...rrections.html R.:shine:

Asian Buying Will Overwhelm Manipulation in the Paper Gold & Silver Markets Posted: 24 Sep 2011 12:09 AM PDT ¤ Yesterday in Gold and Silver As I mentioned in 'The Wrap' in Friday's column, gold didn't do a lot in Far East trading.  It got sold off about twenty bucks in the early afternoon in the Far East...but recovered smartly into the London open...and was actually up from Thursday's close. But, alas, the selling began almost immediately after the London open...and by the time 8:00 a.m. in New York rolled around, the gold price was down just about fifty bucks.  From there, the price didn't do a whole heck of a lot until five minutes after London closed for the weekend, which translated into 11:05 a.m. Eastern time. From 11:05 a.m...right up until 1:15 p.m...JPMorgan et al peeled another seventy bucks off the gold price.  The low of the day was 1,628.60 spot.  From that 1:15 p.m. low, gold recovered just under thirty dollars, but still closed down $79 on the day.  Volume was monstrous...in the neighbourhood of 340,000 contracts net. Here's he New York price action all by itself.  The bullion banks' handiwork that began at 11:05 and ended at 1:15 p.m. is obvious. It's a no brainer to see where the selling began in silver yesterday...and it was all down hill from there until about until the same time as gold began to flat-line...about 8:00 a.m. Eastern time. From there, the silver price was actually rose almost a dollar until the magic hour of 11:05 a.m. when JPMorgan showed up.  From 11:05 until 1:25 p.m...silver got clocked for almost $3.50 in two hours and twenty minutes! Silver's low tick came five minutes before the close of Comex trading at $29.76 spot.  From that low, silver gained back $1.17...and only finished down $4.91 on the day at $30.93 spot.  Net volume was an out-of-this world 114,000 contracts.  This volume represented more than 100% of silver's total open interest.  Just think about that for a second. Here's the New York chart for silver as well.  Note the early rally...and then the brutal takedown moments after London closed for the weekend. I just thought I'd throw in the 5-day dollar chart for entertainment purposes only.  The dollar rose just about 4% over a two day period...and then gave a bunch of its gains back on the second day...and then it did nothing on Friday when the precious metals really got creamed in New York starting at 11:05 a.m. Eastern.  Those blaming a rising dollar for gold's demise need to get their facts straight. Here's the 5-day HUI chart, which actually only contains four days worth of data.  Why Monday's trading action isn't on it beats the hell out of me. Note the down-tick that started in late afternoon trading on Wednesday.  That corresponds to an initial price decline around 2:30 p.m. on Wednesday afternoon...which is visible on the blue trace on the Kitco gold chart above.  The rest, as they say, is history...with two gap-down days in a row on Thursday and Friday.  From its Wednesday high tick to its Friday low, the HUI was down just about 100 points...around 15.7%. Needless to say, the silver stocks got hit pretty hard, but not quite as bad as Thursday, if there's any consolation in that.  Nick Laird's Silver Sentiment Index was down 6.72%. (Click on image to enlarge) One thing that we have a tendency to forget about when there are massive down days like Thursday and Friday, is this...who are the buyers?  Who would catch a falling knife? Just asking. The CME's Daily Delivery Report showed that 65 gold, along with 18 silver contracts were posted for delivery on Tuesday.  The link to the action is here. There were no reported changes in either GLD or SLV on Friday...which is a big surprise, all things considered. However, there was finally a sales report worthy of the name from the U.S. Mint.  They sold 10,500 ounces of gold eagles...2,000 one-ounce 24K gold buffaloes...and 850,000 silver eagles.  Month-to-date the mint has sold 49,500 ounces of gold eagles...7,500 one-ounce 24K gold buffaloes...and 2,300,500 silver eagles.  We've still got one full week to go to improve on those numbers. There was a fair amount of activity in the Comex-approved depositories yesterday.  They reported receiving 1,194,855 ounces of silver and shipped 432,237 troy ounces of the stuff out the door.  The report is worth a quick look...and the link is here. Well, the Commitment of Traders Report was everything I hoped it would be.  In silver, the Commercial traders decreased their net short position by a total of 4,679 contracts, or 23,395,000 troy ounces.  The net short position in silver is now down to 203.5 million ounces. Of that amount, the '4 or less' traders are short 191.7 million ounces...and the '5 through 8' bullion banks are short 40.4 million ounces.  Straight addition shows that these eight bullion banks are short 232.1 million ounces of silver...which is 114% of the entire net short position.  They control the price, it's as simple as that...and if they and their respective short positions disappeared tomorrow, the remaining Commercial traders would be net long the silver market...just like everyone else. In gold, the Commercials decreased their net short position by a chunky 12,840 contracts which, multiplied by 100, is a reduction 1.284 million ounces.  The Commercial net short position is now down to 19.76 million ounces...and it hasn't been under twenty million ounces for quite some time. The '4 or less' bullion banks are short 15.5 million ounces of gold...and the '5 through 8' bullion banks are short 5.0 million ounces of gold.  So these eight bullion banks are short a bit more that 100% of the entire Commercial net short position.  Just like in silver, they control the gold price as well. There are 50 Commercial traders that hold short positions...and eight of them rule the price roost in gold.  In silver, there are 44 Commercial traders on the short side...and considerably less than eight of them control the silver price.  These are called concentrated short positions...and are flat-out illegal.  This is what the COT report was designed to show, but even though it's as blatant as it can possibly get, the CFTC does nothing. It nearly goes without saying that after Friday's price [and volume] action in gold and silver [plus a lot of other metals] there has been another massive improvement in the bullion banks short position in these metals...but we won't know how big until next Friday's COT report. If you live and breath technical analysis, then you'll devour what reader Scott Pluschau had to say in an e-mail to me yesterday.  Here it is verbatim... "Ed, now that is some blood in the streets.  A wrecking ball was taken to the metals.  I know you don't believe in TA, but the low risk play for me in gold was yesterday below $1,750, and when it broke below $1,700 that was bad news from an auction market perspective, as there was a ton of traders who were long and trapped up there in that consolidation area that formed since August.  When $1,700 went, pain and/or margin calls were coming to the longs up there.  That is how I see the probabilities.  I mean no disrespect to other technicians out there, but it doesn't matter what stochastics, Fibonacci, or Elliot wave signals, its a two way auction and zero sum game in futures.  I'll bet a bunch of traders "averaged down" and there are blown up accounts all over the place. I think silver has a chance for some strong support here at $30, which was the most previous mature balance area.    Maybe this is a washout?  Too bad we couldn't get the COT data for the action since the cutoff on Tuesday today at 3:30.  Waiting till next Friday will take an eternity... [Amen to that! - Ed] I completely understand and agree to accumulate and hold long term on fundamentals, I'm just sharing with you my philosophy on "trading".  Scott" Over at my bullion dealer yesterday, there was hardly a place to park.  I had to park way down the street from where I normally do.  I've never seen that many buyers in his story at one time...ever!  Friday turned out to be his biggest sales day in the company's history.  I would suspect that this scene was played out at just about every bullion dealer in North America on Friday...and I would guess that there will be a similar reaction all over the Far East, Australia and Europe when business resumes on Monday morning...which begins on Sunday night here in North America. And just before I filed this morning around 6:30 a.m. Eastern time, I got this e-mail from British reader Tariq Khan about what's been happening in the bullion market in his area over the last couple of days... Hi Ed, Just got off the phone with my coin dealer. He has been cleaned out of all gold sovereigns. Can't get them from the Royal Mint who have also been cleaned out. This is unprecedented. He had a few 1/4 Britannia coins which I have just snapped up. He has got some silver stock but he is not willing to part with it at these prices. Another coin dealer, not my regular one, from whom I bought some silver Britannia coins yesterday, are closed for business. They are not taking any orders. As there pricing is in real time, as opposed to London Fixes, my other coin dealer was telling me that they must be struggling with stocks too.  Here's the link to their website.  As you can see, they're not taking orders for anything. Another of the coin dealers I do business with, has not picked up the phone since midday yesterday." Tariq Here's a very interesting chart that Nick Laird of sharelynx.com fame sent me early this morning.  It's his Total PM Pools chart that I post from time to time.  As Nick pointed out, despite the carnage in the metals these last few days, there's been no selling of physical in the various holdings that he watches.  That could change on Monday or Tuesday, but as I mentioned above, there were no withdrawals from GLD or SLV yesterday...and only 1.7 million ounces came out of SLV on Thursday. (Click on image to enlarge) Since today is Saturday, it gives me an opportunity to empty out my in-box...which is precisely what I plan on doing.  The final edit is up to you. Email Print The smashing that silver got on Thursday and Friday was even worse than the drive-by shooting that took place on May 1st. CME raises gold, silver, copper margin requirements. Where will India get its gold in 2014? Sprott Money Temporarily Runs Out of Silver. Doug Casey speaks. ¤ Critical Reads Subscribe Black Friday Arrives: Biggest Weekly Move In 30 Year Bond Since Black Monday 30-year bond rates moved more than three standard deviations this past week - the greatest move since Black Monday (1987) - as it dropped 55 basis points...or seven standard deviations of a percentage move basis, given how low interest rates are. The two graphs in this short read posted over at zerohedge.com are worth the trip all by themselves...and I thank Washington state reader S.A. for sending it along.  The link is here. View full GSD edition Financial Warfare What has ensued since the Swiss intervention has been nothing short of total currency chaos throughout the emerging markets world.  Here are some numbers to put things in perspective.  Since the beginning of August, here is how much various currencies has depreciated versus the U.S. dollar.  The Brazilian real - 20%, the Indian rupee -13%, the Korean won -13%, the Mexican Peso -20%!  I could go on, but you get the point.  Now, I am not going to say that these currency moves were also caused deliberately by the central planners although I wouldn't put it past them. The massive depreciation in these country's currencies lately has likely only made the inflation situation worse.  For example, let's take a look at the most important commodity to global economic growth, oil, in the currencies of these various markets...and we'll also look at the gold charts in these currencies as well. This zerohedge.com story was passed around by Casey Research's own David Galland yesterday.  Most of it is graphs and, like the previous story, they are worth the trip all by themselves.  This is a must read...and the link is here. View full GSD edition G-20 Vows 'Strong' Response to Slowing Economy Well, to no one's surprise I'm sure, the meeting was a bust. Finance chiefs from the Group of 20 nations said they will address "renewed challenges" facing the slowing global economy. In a statement released after talks in Washington, the officials said they were "committed to a strong and coordinated international response to address the renewed challenges facing the global economy, notably from heightened downside risks from sovereign stresses, financial system fragility, market turbulence, weak economic growth and unacceptably high unemployment." Whatever the solution is, we taxpayers will get the bill for it. Here's a link to a Reuters story on this that I borrowed from yesterday's King Report...and the link is here. View full GSD edition Warning of a stock market rout unless a eurozone rescue package is found

William Black: Why Nobody Went to Jail During the Credit Crisis Posted: 24 Sep 2011 12:09 AM PDT William Black: Why Nobody Went to Jail During the Credit Crisis Here's an interview from last weekend that was posted over at financialsense.com. Bill explains to Jim Puplava why no one has gone to jail four years after the beginning of the historic Credit Crisis. Professor Black believes that the level of corruption and fraud is so pervasive that very few of the guilty will ever be brought to justice. This level of corruption and fraud also extends to the commodity markets as well...as you witnessed with what happened in gold, silver and a whole raft of other commodities during the week that was. read more

Financial Warfare Posted: 24 Sep 2011 12:09 AM PDT Financial Warfare What has ensued since the Swiss intervention has been nothing short of total currency chaos throughout the emerging markets world.  Here are some numbers to put things in perspective.  Since the beginning of August, here is how much various currencies has depreciated versus the U.S. dollar.  The Brazilian real - 20%, the Indian rupee -13%, the Korean won -13%, the Mexican Peso -20%!  I could go on, but you get the point.  Now, I am not going to say that these currency moves were also caused deliberately by the central planners although I wouldn't put it past them. read more

Get a Sneak Preview of the 2012 Gold Profit Report Posted: 23 Sep 2011 11:01 PM PDT Special sneak preview available.

Gold being Tested; Should Hold Better than Most Anything but is a Trade War Starting? Posted: 23 Sep 2011 09:30 PM PDT Prudent Squirrel

Links 9/24/11 Posted: 23 Sep 2011 09:01 PM PDT Midwest Farmers Are on Alert Against Pig Thieves New York Times (hat tip reader furzy mouse) As satellite slows, NASA works to peg crash site Washington Post Neil Armstrong: US space program 'embarrassing' The Register (hat tip reader John M) China cancels dog meat festival after tens of thousands complain online McClatchy (hat tip Buzz Potamkin) Radiation 'drug' cuts cancer BBC An Aboriginal Australian Genome Reveals Separate Human Dispersals into Asia ScienceMag I deleted my Facebook account Maxisentialism (hat tip reader Sieren) Greece minister triggers default fears Financial Times China's chance to be our economic saviour Dean Baker Guardian (hat tip reader John M) Global economy pushed to the brink Financial Times Phone-hacking claims mount up at News International Guardian (hat tip Buzz Potamkin) Dennis G. Jacobs: Case study in judicial pathology Glenn Greenwald, Salon Kamala Harris a key player in settlement over mortgage crisis Los Angeles Times (hat tip reader James P). Harris is more bank friendly than this piece would lead you to believe. #TwitterCensorship Blocks #OccupyWallStreet from Top Trending Topic Twice AmpedStatus Don't Believe Ron Suskind Jacob Weisberg, Slate (hat tip reader Carol B) Obama To EU: Get Your S__t Together; Got An Election Next Year Testosterone Pit (hat tip reader Carol B) Populist for a Day Alexander Cockburn, CounterPunch (hat tip reader Carol B) Pensions, what pensions? digby (hat tip reader Carol B) Operation Twist and the Limits of Monetary Policy in a Credit Economy Macroeconomic Resilience (hat tip Richard Smith) The Price of Gold in the Year 2160 StatsGuy, Baseline Scenario Antidote du jour:

Recalling "King Dollar" Distortions Posted: 23 Sep 2011 05:40 PM PDT Prudent Bear

Precious Metals: Just a Squiggle Posted: 23 Sep 2011 05:14 PM PDT Dollar Collapse

Sept 24, 1869 : How Jim Fisk and Jay Gould profited handsomely from a massive short squeeze in Gold Posted: 23 Sep 2011 05:00 PM PDT

some ebay sellers are turning into even worse snakes Posted: 23 Sep 2011 02:57 PM PDT Ya know, it's sad. I see this auction, looks good price is way too cheap, and of course they are going to rip somebody off.Title: 1 Troy Ounce German Silver Buffalo Bullion Bar, No Reserve and Free Shipping This is in the body of the auction: 1 Troy Ounce of .999 German Silver alloy Buffalo Bar, and is very collectible. These Bars sell on eBay over $40, and this auction starting a 1 cent!With the constant change in metal prices, I do not accept returns on metal pieces! This bar contains copper, zinc, lead, and no silver.

By the Numbers for the Week Ending September 23 Posted: 23 Sep 2011 01:42 PM PDT Cascade 23.5% crash for silver largest one-week plunge since May. Largest two-day plunge for gold since 1983.  Hedge Funds and Managed Money heavy sellers even before the gold and silver cascade plunge.    Just below is this week's closing table, followed by the CFTC disaggregated commitments of traders (DCOT) recap table for the week ending September 23, 2011.   If the images are too small click on them for a larger version. Continued… Comments:  Gold has biggest two-day plunge since 1983 as liquidation, intentional and otherwise, rules.  Panic selling hits silver hard, tripping multiple sell and trailing stops in cascade fashion.  Largest one week drop for Cash Market silver (-$9.56 or 23.5% to $31.09) since May 6 (-$13.31 or -27.3% to $35.28). Some silver futures had the largest drop in decades according to published reports.  Reports of Europe preparing for a Greece default and rumors of hedge fund blowups added gasoline to the selling fire for silver.  Small miners and explorers clobbered. Cash silver closed at $31.09 but the near-active Dec '11 contract closed about a dollar lower at $30.101.  Cash silver closed above all futures contracts.  Note the huge increase in ICE commercial net short positions for the USDX.  A selling cascade is underway.  We will have more comments in a new report for subscribers late Sunday, early Monday at the latest.     Vultures, (Got Gold Report Subscribers) please note that updates to our linked technical charts should be done by the usual time, (18:00 ET) on Sunday.    Gold and Silver Disaggregated COT Report (DCOT) In the DCOT table below a net short position shows as a negative figure in red. A net long position shows in black. In the Change column, a negative number indicates either an increase to an existing net short position or a reduction of a net long position. A black figure in the Change column indicates an increase to an existing long position or a reduction of an existing net short position. The way to think of it is that black figures in the Change column are traders getting "longer" and red figures are traders getting less long or shorter. All of the trader's positions are calculated net of spreading contracts as of the Tuesday disaggregated COT report.   (DCOT Table for September 23, data as of September 20.  Source CFTC for COT data, Cash Market for gold and silver.) Remember that both gold and silver sold off hard after the DCOT report cutoff date.  Note that Managed Money traders were in heavy liquidation/profit taking mode for both gold and silver - even with gold near $1,803 and silver just under $40 – before the selling cascade got underway.  More in this weekend's Got Gold Report for Vultures.  ***

Revisiting March Silver Exit Decision, And Generating Yield With Puts On Gold Posted: 23 Sep 2011 01:38 PM PDT By Richard Shaw (QVM Group): On March 17, we published a short article saying that we exited silver (SLV) in favor of our allocation to gold (GLD), because the ratio of the price of silver Complete Story »

You cant Print Physical Metal Posted: 23 Sep 2011 01:31 PM PDT Word on the street is that the negative feedback loop is full gear. I cant understand why they just dont start covering their shorts and get this over with already, days like today are not helping them. The big argument of the day was this was a liquidation events. For the rooks, this means that a hedge fund, got smoked in another asset class, had his margin call because of the loss, and now turned to the only other asset that is till positive and sells it, very very quickly. Today's event, in my opinion may have been both. I am still waiting for the data, but it looks like in the COMEX their was an inordinate amount of SHORTING. Not SELLING of Long Positions. So for those of you in manipulation denial, you are WRONG. Silver was already liquidated in May via 5 margin hikes. This was already done. Now the argument is- was the GOLD trade liquidated? More likely than silver, 100%. This is where people are getting very very confused. Add the fact in that a rumored Margin Hike was in, and you have the Blythe Green light go to pound this thing down 27% in 2 days with relentless SHORT SELLING. NOT SELLING. Clearly a HUGE difference. FIND ME ANOTHER COMMODITY THAT LOST EVEN REMOTELY CLOSE TO 27% in 2 days. There are no weak hands left in silver. No one has the necessity to sell it. Again, this already happened in May. The leaves were already shaken. This brings me full circle to the negative feedback loop created by the same people who short it. The lower silver goes, the more PHYSICAL people are buying. Thus, get ready for more and more and more of this. Down to $25, up to $40, back down to $38, up to $50, back down to $42, up to $75, back down to $45. And each time its gets smoked by 25% in 2 days it will have these three things in common: a. The majority of the selling happens at 3 am EST when the LBMA opens, which has ZERO liquidity. b. This selling happens in a COMEX expiration week. c. The Morgue owned CME hikes margins. But what happens when on these so called shake outs, they are actually making it easier for China, India, Russia ETC and the rest of the world to buy the fucking dip (physical)? Just got off the phone with my dealer today, and two others now. They had their busiest days in VOLUME and SALES ever recorded. Usually they say down days like this are dead since everyone is scared. Good for fucking you America. Finally you are catching on. Picture has nothing to do with anything, just enjoy it.

Gold Gets Hammered Posted: 23 Sep 2011 01:22 PM PDT By David Pinsen: Gold gets hammered Gold futures for December delivery dropped 5.9 percent, to settle at $1,639.80 on the New York Comex on Friday afternoon. The gold-tracking ETFs SPDR Gold Shares (GLD) and iShares Gold Trust (IAU) were down 5.47% and 5.60%, respectively, on the day. Since its recent peak on September 6th, gold prices have dropped 15%. Gold is malleable -- are gold investors? One of the physical properties of gold is that it is highly malleable, so gold can get hammered (into gold leaf, for example, which is pictured below) without breaking. Whether gold investors will be as resilient if this correction continues remains to be seen. Kitco noted on Friday, though, that Comex traders will have to put up more cash to trade gold Complete Story »

2008 Déjà Vu Signals Rebound for Gold Posted: 23 Sep 2011 01:09 PM PDT Amid news that China's juggernaut economy is slowing and fears that the Eurozoners don't have the political will to fix what ails them, stock markets worldwide took a dive today. The Dow closed down 738 points—its worst week since October 2008. Gold and silver also dropped dramatically—gold down 9.5% from its Sept. 6 peak of $1,923.70, but with gold and silver, the memory of 2008 is more reassuring.  Gold fell simply because investors burned in the securities and commodities markets needed the cash to cover margin calls, as reported by Bloomberg earlier today. Description:  Stock markets worldwide took a dive and the current drop is beginning to smell like opportunity for the gold bull market read more

Is it too late to buy gold? Posted: 23 Sep 2011 12:00 PM PDT For years, the mainstream investment community has snubbed gold. Warren Buffett - perhaps the most famous investor in the world, and one of the richest - famously dissed gold 13 years ago ...

Wow, What a Ride for Silver! Posted: 23 Sep 2011 11:31 AM PDT Long term outlook for precious metals has not changed

HISTORICAL AND VOLATILE WEEK  Posted: 23 Sep 2011 11:26 AM PDT For now, be prepared for more volatility.

Friday ETF Roundup: GDX Tumbles On Weak Gold, VWO Soars On Rebound Posted: 23 Sep 2011 10:29 AM PDT By Jarred Cummans: Today marked the end of a tumultuous week that saw high volumes accompanied by high volatility. The week saw poor trading days until Thursday came, when all hell broke loose. A massive sell off led to losses of more than 3% in most major benchmarks, as investors hit the panic button in reaction to Fed Chair Ben Bernanke's speech and policy decisions. Bernanke outlined the new "Operation Twist" which will consist of the Fed taking $400 billion from its short-term debt assets and purchasing long-term fixed income in an effort to flatten the yield curve and keep long-term interest rates in check. Like the majority of his previous speeches, markets reacted poorly, as investors seem to have a knack for selling big after the Fed leader addresses the nation. Another issue that has been looming all week has been the debt crisis in Europe, as each day brings news that Complete Story »

Red Hat Well-Positioned For Continued Growth Posted: 23 Sep 2011 09:33 AM PDT By William Meyers: Red Hat (RHT) is poised to become the first open-source software company with a billion dollar per year revenue run rate. Yesterday Red Hat released fiscal Q2 (ending August 31) revenue of $281 million, up 28% from the year-earlier quarter. The alleged slowdown of the American and global economies has had little effect on Red Hat. This may partly be from the "dollar store effect": Red Hat Enterprise Linux, or RHEL, is a much less expensive operating system than its main rivals, UNIX and Windows Server, yet is roughly as capable. Management, however, attributed the revenue growth to an expanded sales force and an expanded line of products to sell. The main products sold in addition to RHEL are JBoss, its middleware product, and RHEV, its virtualization product. Also, as major customers expand their data centers, they pay more for the number of copies of software necessary to operate the Complete Story »

This bloodshed is so hard to watch and be a part of Posted: 23 Sep 2011 09:28 AM PDT It's really hard to watch it all- the markets and the metals. I feel terrible for all those who have worked and saved and put their money where they thought it would be safe, maybe even grow. These are people I'm talking about, after all. People with lives and families and.. no financial future. Just sayin'. Shows, though, that what's *really* important in the world is how you love, and treat people. Can't put a price on that. Makes me wonder, what good are *you* doing in/for the world or others, or what do you aspire to do?

Gold and Silver Caught in Downdraft Posted: 23 Sep 2011 09:24 AM PDT Lets look at what insider's are thinking pro and on

Gold Liquidations on Margin Hikes Posted: 23 Sep 2011 09:14 AM PDT Sell-offs of Everything This Week

George Soros' Top 10 Holdings Posted: 23 Sep 2011 09:08 AM PDT By Insider Monkey: George Soros is a Hungarian-American hedge fund manager who became known as "the Man Who Broke the Bank of England" after he made $1 billion in 1992. Soros graduated from the London School of Economics in 1952. After graduation, he started his career in the London merchant bank of Singer & Friedlander. In 1956, he moved to New York City and his career took off. He earned large profits from investments and currency speculation. According to Forbes, he is ranked 35th on the list of the world's richest people, with an estimated net worth of $14.2 billion. Soros returned an average of 30.5% per year between 1969 and 2000. In 2007, Soros came back from retirement after the quant liquidity crunch and managed to generate a 32% return for the year. Soros even managed to return 8% in 2008, the worst year for most hedge funds. Soros also returned 29% Complete Story »

No title needed. Yawn. Posted: 23 Sep 2011 08:48 AM PDT Anyone not buying this gift from heaven does not deserve this Epic battle. I received an email today, and although its the best news Ive heard all day, I cannot repeat it here just yet. 10 monster boxes purchased today. Getting physical, physical, baby. Some screaming liquidation, I agree, but with liquidation comes the green light go ahead for the manipulation ESPECIALLY on a comex expiry. You would do the same thing. Congratulate Blythe on a well played CME after hours margin hike too, she is playing all positions now. If you are wondering why I'm so chipper, I have now allocated another 20% of my cash profits into physical...as I am starting to distance myself from the paper game. Sprott Money ran out of physical silver to sell today by the way. Anyone use my discount code to buy today? lol SGB was not impressed I am giving this away, but they should like the free advertising. Be back in a bit with a full breakdown of the situation today and the 27% discount.

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