Big Bet Against The SLV

"A Trader", thats so funny to me. Bet a million, ten million whatever, its free money they get from the fed, its like me giving money to my kids at skee ball, I don't really expect them to bring home a valuable prize. This is more of the same BS. This isn't a legitimate bet just another way for Blythe and the Coven to scare sheeple, and it works on the weak hands. I would not worry about silver based on the options market, this isn't like shorting CSCO's earnings for the next quarter. The Chinese, Japanese and Indians will buy any dip. The only way they are going to break Silver is if they co-ordinate an attack with other Central Banks. I don't think the rest of the world is going to play along. Just a hunch.

Bloomberg reports: "A trader’s almost $1 million bet that an exchange-traded fund tracking silver will plunge 37 percent by July was today’s biggest single options trade on U.S. exchanges as futures on the metal reached a 31-year high. The 100,000 options to buy 100 shares each of the iShares Silver Trust (SLV) at $25 by July changed hands at the ask price of about 10 cents and exceeded the open interest of 6,054 outstanding contracts before today, indicating that a buyer of a new bearish position initiated the transaction. The ETF rose to the highest intraday level since trading began five years ago, $40.33, before erasing gains. It fell 0.5 percent to $39.67 at 12:54 p.m. It hasn’t closed below $25 since November."

OWEbama Flip Plop

Five years ago, a new U.S. senator from Illinois (OWEbama) voted against raising the limit on how much debt the federal government could issue. He said it would be a " big mistake ".

“Increasing America’s debt weakens us domestically and internationally,” the senator said at the time. “Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” Read the senator’s full remarks.

President Barack Obama, as it turns out, now believes his vote in 2006 was a mistake, according to White House spokesman Jay Carney.
Seriously!?!

raising the debt ceiling is so important to the health of this economy and the global economy

But what about the children and the grandchildren B?

I guess we just continue with our Ponzi scheme and hope all our creditors don't all cash out at the same time.


article: Link

Best Currency Forecasters Say Dollar Weakness to Persist as Fed Stimulates

• The most-accurate currency strategists see no recovery for the dollar in coming months
• Wells Fargo & Co., the top forecaster for the second straight quarter, and No. 2 St. George Bank Ltd., say America’s currency will be little changed through June
• the dollar will keep falling after its weakest start to a year since 2008
• “The U.S. would like to keep interest rates as low as possible for as long as it can.”

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FED SAYS INFLATION "FO GEDA BOUT IT"

I guess if you were worried about the money store closing, you can now rest easy. "Party On Wayne"!


“The surge in commodity prices over the past year appears to be largely attributable to a combination of rising global demand and disruptions in global supply,” Yellen said today in a speech in New York. “These developments seem unlikely to have persistent effects on consumer inflation or to derail the economic recovery and hence do not, in my view, warrant any substantial shift in the stance of monetary policy.”


Yellen used the word “elevated” four times in her speech in referring to the 8.8 percent jobless rate. She used “transitory” five times in referring to the effects of commodity prices on broader inflation, the same word the policy- setting Federal Open Market Committee used in its March 15 statement.


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