Welcome To The Jungle

[webmaster]

Subject:Welcome To The Jungle
By: Theodore Butler

Overview: Financial developments are occurring so quickly that last week’s "warp speed" comment seems slow. These are truly unprecedented times. I think it’s safe to say that no one alive has any experience with the ramifications of the unfolding events. The financial turmoil is radically altering how everyone looks at his or her assets. In a real sense, we seem to be in a fight for financial survival. One misstep and a lifetime of asset accumulation can vanish.

Link: http://news.silverseek.com/TedButler/1221588694.php

[Mike-DK]

Hej Ted

There seem to be shortages of silver here in Non euro Danmark as well....
My dealer said, he has many buyers... but only few sellers, at these prices.

I suspect this is a new way of keeping people away from sound money
as I doubt the old - 1933 no gold for the people - would work today.

Can Con ex....ups...Comex - raise the margins or the interest rate, so as to starv off the longs....

Libor just jumped 3.33 points to 600 +....

What would this do to the ag leases - ?
Even 0 + libor = 6% +

Mike Denmark

[Chiswick40]

I have no doubt that I know who Ted is talking about, who uses an unprofessional tone towards him and Jason Hommel. And this man claims to be a Christian.

This man was right in his predictions on silver and gold prices hitting a peak. He did make that call and he was right. So you must give credit where credit is due. He has also been involved with silver for over 40 years so he is no mug.

He claims that there is no shortage of silver and that this is the same song sung year after year by silver salesman. I hope he is wrong. I think he is wrong. He says the recent retail high demand has created the retail shortage. High demand is interesting in itself. He also believes that sellers are not selling because of low prices which makes sense, that is good if you can afford to sit tight and wait.

He is no fool but (and that is a big but) he did make a terribly embarrassing call on the non Y2K event.

So if he is wrong on silver and prices go supernova, then he has had practice and experience at putting on his best set of manners and facing the music, publically.

To be honest I would like to see Jason and Ted (and even Izzy, because he put the slipper into you as well) address his public dressing down of all three of you.

I live in Sydney, Australia and I can guarantee you that there is a retail shortage here. You can buy silver kookaburra coins ok, at more than double spot prices. You can wait 5-6 weeks for silver bars though, through the bullion companies and you have to pay in full. They are reputable no doubt but I like to pay my money and walk away with my goods. I mean 5-6 weeks is a long time. I said to one guy on the phone who wanted my order, what if it takes 4 months? and he said there are no guarantees.

I have no idea whether this is unprecedented but I imagine it is.

I hope that Ted is right and this other guy is wrong. I have recently started purchasing silver so I have been putting my money where my mouth is.

I enjoy reading Ted and Jason and as for Izzy Friedman, his articles are exciting.

I have a question, what is the easiest way to prove that there is an industrial silver shortage coming?

[pkrebaum]

"I have a question, what is the easiest way to prove that there is an industrial silver shortage coming?" -Chiswick40

Look at the quarterly Silver production and usage reports. You'll probably have to pay for current data, but historical data is free at silverinstitute.org

Another way is to look for a drawdown of Silver stocks on the Comex and LME. Industrial users usually contract directly with refineries, so if they're buying off the Comex to supply their needs then the refineries can't meet industrial demand.

[Chiswick40]

Thanks Pkrebaum because that is exactly what I want to hear. I have some homework to do now.

Just for the record, I have noticed that when I handle silver coins and bars I feel like Gollum (not nearly as handsome though) from Lord of the Rings......well in fact any of them that get their hands on the metal and are spellbound. I think this is because God made it and it is precious.

[mls56]

The SEC has just put the Naked Short Sellers on notice, that as of Thursday,there will be 0 tolerence for NSS's,but is does not give the info if the PMs are on that list as well? Time will tell ! If those that have so much at stake, would send those concerns to Congress & the CFTC,may be the MSM will not leave this Huge Historic Market Event of the radar! Last night I saw 32ozs of 90% Silver coins for sale for $699.00 Plus S&H, thats a huge mark up from Spot!

[Kelly]

And the new rules just mention the SEC; they don't say a darned thing about the CFTC, so I don't think any of us knows yet how this will play out.

Also, as I have mentioned in another thread, what is to stop any of the big manipulators from transfering their funds (and their plays) over to the London market? It seems to me that by doing so, they could completely escape any crack down from the SEC.

With the internet, it is just too easy to run your plays through a foreign exchange.

[Cowboy]

http://www.ft.com/cms/s/0/51aacef6-8...0779fd18c.html

This was released today, price of gold and silver shot up like rockets today in the largest single day gain in history. Total coincidence? Or did someone get word this morning that these subpoenas were coming?

[mls56]

If all the holders of Physical Silver hold tight,will the mines run short of money to bring it to market? At JSmineset.com,Jim has been begging for Stock holders to ask for management to come clean to the stock holders,to demand for open books? Dont know what happen,but they cant run a biz when it cost more to mine,than what the Market will Pay, the same with Gold & other PMs,just a thought!?

[Kelly]

This was released today, price of gold and silver shot up like rockets today in the largest single day gain in history. Total coincidence? Or did someone get word this morning that these subpoenas were coming?

I've wondered if all the manipulating scum bags weren't heading for the hills for that very reason too. Several weaks ago when oil took a big nose-dive it coincided precisely with first real warnings from the SEC that the crackdown was coming. Magically, a few weeks later oil has dropped 1/3 off it's high. How much of the price we were paying at the pumps was due to speculation and manipulation? And how many people have suffered for it?

I truly hope the SEC means it when they say "there will be no tolerance."