tag:blogger.com,1999:blog-8515247115132134144.post796920341468782806..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: Bananas for Silver!Stagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-8515247115132134144.post-53609623076223732782011-10-04T23:05:01.029-07:002011-10-04T23:05:01.029-07:00AllanF,
Speaking of... Mark, your Berezina call f...AllanF,<br /><br /><i>Speaking of... Mark, your Berezina call from last week was looking incredibly prescient up until about 3:00 EDT today. Wow. :-)</i><br /><br />One word: <a href="http://youtu.be/r08Co7Cbvrw" rel="nofollow">dialectics</a>. ;)Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-60485294830208958002011-10-04T21:27:23.347-07:002011-10-04T21:27:23.347-07:00No mention in the Wiki that COMEX also changed the...No mention in the Wiki that COMEX also changed their rules that silver futures could be cashed settled? At least I thought that was the case. Can't find a cite for it now, but there were many other <a href="http://www.rapidtrends.com/hunt-brothers-and-silver-story/" rel="nofollow">rule changes</a>? And that was the undoing of the Hunts -- they changed the rules. (Well, that and the Hunts were true believers in their cause, which I suppose one has to be to undertake something as audacious as they did.)<br /><br />Anyway, that they will change the rules to suit themselves is a not unimportant point that always seems to be glossed over in the history books. <br /><br />Speaking of... Mark, your Berezina call from last week was looking incredibly prescient up until about 3:00 EDT today. Wow. :-)AllanFnoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-78230857887009108722011-10-04T15:04:58.859-07:002011-10-04T15:04:58.859-07:00GawainsGhost,
Silver Thursday
But on January 7, ...GawainsGhost,<br /><br /><a href="http://en.wikipedia.org/wiki/Silver_Thursday" rel="nofollow">Silver Thursday</a><br /><br /><i>But on January 7, 1980, in response to the Hunt's accumulation, the exchange rules regarding leverage were changed, when COMEX adopted "Silver Rule 7" placing heavy restrictions on the purchase of commodities on margin. <b>The Hunt brothers had borrowed heavily to finance their purchases</b>, and as the price began to fall again, dropping over 50% in just four days, they were unable to meet their obligations, causing panic in the markets.</i><br /><br />Investors tend to borrow a lot of money to finance "sure things".Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-78666438788374967842011-10-04T14:58:08.219-07:002011-10-04T14:58:08.219-07:00The 1980s, wasn't that when the Hunt brothers ...The 1980s, wasn't that when the Hunt brothers tried to corner the silver market?<br /><br />Yeah, I remember that. They own a lot of property down here, and it was big news at the time.GawainsGhosthttps://www.blogger.com/profile/16719480047404817864noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-58467976830038464532011-10-04T14:08:34.640-07:002011-10-04T14:08:34.640-07:00mab,
Your link is VERY amusing!!!mab,<br /><br />Your <a href="http://www.youtube.com/watch?v=9U4Ha9HQvMo&feature=player_embedded#!" rel="nofollow">link</a> is VERY amusing!!!Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-6826257213088391922011-10-04T14:07:24.287-07:002011-10-04T14:07:24.287-07:00Mr Slippery,
Is BofA stock a better deal?
Must I...Mr Slippery,<br /><br /><i>Is BofA stock a better deal?</i><br /><br />Must I choose between silver and BofA?<br /><br />If I was looking for a "sure thing" then I'd put all my money on <a href="http://bleacherreport.com/articles/420832-down-the-stretch-the-10-funniest-horse-names-of-all-time" rel="nofollow">Really Fast Horse</a> in the 9th, lol. :)Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-37412783255167722422011-10-04T13:21:27.360-07:002011-10-04T13:21:27.360-07:00OT.
This bit from the Onion was posted on CR'...OT.<br /><br />This bit from the Onion was posted on CR's site today:<br /><br />http://www.youtube.com/watch?v=9U4Ha9HQvMo&feature=player_embedded#!<br /><br />Humorous.mabnoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-25576851404556896522011-10-04T09:13:48.700-07:002011-10-04T09:13:48.700-07:00At $25, it might start a slow upward rise again, o...At $25, it might start a slow upward rise again, or might go bubbly again in the chaos of a disintegrating dollar system. It's not like I am going to back up the truck, but I sold the shiny back in April-May and sort of miss it. I know that's a terrible investment thesis, but the lizard brain must be satisfied. Is BofA stock a better deal?Mr Slipperynoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-50324159086880300212011-10-04T07:59:37.484-07:002011-10-04T07:59:37.484-07:00Your "chimp change" target is roughly 4x...Your "chimp change" target is roughly 4x what I paid for silver in 2004. Just how much more profit do you expect to extract from the barbaric relic? ;)Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-38541880266751106212011-10-04T05:56:38.690-07:002011-10-04T05:56:38.690-07:00Silver is down to $30 today, 25% lower than your A...Silver is down to $30 today, 25% lower than your August bubble point. That makes it a little less bubbly, but I still wouldn't go ape over it. Don't monkey around in the silver market unless you can handle the jungle. At $25, it's chimp change, and I'm a buyer again. Bananas still taste better.<br /><br />disclosure: long one bunch of bananasMr Slipperynoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-86521020733095939122011-10-03T22:46:54.249-07:002011-10-03T22:46:54.249-07:00mab,
I keep waiting for the Banana Republican par...mab,<br /><br />I keep waiting for the Banana Republican party to campaign at my door. Heck, I'd even volunteer to hand out brochures on their behalf. ;)Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-56398507460513696422011-10-03T21:18:29.160-07:002011-10-03T21:18:29.160-07:00Stag,
Bananas? How about a banana republic char...Stag,<br /><br />Bananas? How about a banana republic chart? ;)<br /><br />All kidding aside, precious metals are "true" money even though they're not legal tender. Just ask Mish - he understands the religion. And religious doctrine supercedes common law!mabnoreply@blogger.com