JIM CRAMER: BUY PHYSICAL SILVER

[Serpo]

Is this the beginning of the end........just kidding...........


http://www.businessinsider.com/jim-cramer-buy-physical-silver-2011-3

[sunnyandseventy]

That just went out in an email. No commentary. The link speaks for itself.

[1970 silver art]

Jim Cramer = SELL!!!! SELL!!!! SELL!!!!!!!!

:ROFL:

j/k ;D

[Glass]

yes this is a bad sign. Sounds like a major pummeling coming up on the comex.

[mamboni]

Damn! This is like a Silver Sammy sighting on steroids. :o

Sell silver? Maybe paper, never physical.

[undgrd]

This is GREAT news!

It'll pump for a few weeks and then dump! Hopefully lower than it is now!

[Silver Shield]

What would the mania stage be without a maniac?

My prediction is that in a year or so Cramer will be doing cart wheels on TV saying buy silver instead of this very mundane act he is doing now...

[Twisted Titan]

The Cramer has Spoken............

Silver is finished

[Low Pan]

http://t0.gstatic.com/images?q=tbn:ANd9GcQbC2cwMb-Qaz930AIX3fF_qr9RdUT-pWyhwJONfFk1qG1AvwXCHxhwcg vs http://t0.gstatic.com/images?q=tbn:ANd9GcRJDEOj5RTQE4Te1qhZn4A3BBb8ouwV-y12z-iJLr3_wN100rht-ZPsVZOr

What is the difference between these two? One is alive.

[platinumdude]

You mean I should sell both coins?

[vacuum]

http://t0.gstatic.com/images?q=tbn:ANd9GcQbC2cwMb-Qaz930AIX3fF_qr9RdUT-pWyhwJONfFk1qG1AvwXCHxhwcg vs http://t0.gstatic.com/images?q=tbn:ANd9GcRJDEOj5RTQE4Te1qhZn4A3BBb8ouwV-y12z-iJLr3_wN100rht-ZPsVZOr

What is the difference between these two? One is alive.

One sold physical?

[chad]

sorry cramer, i loaded up 10 years ago. ;D

[Low Pan]

http://t0.gstatic.com/images?q=tbn:ANd9GcQbC2cwMb-Qaz930AIX3fF_qr9RdUT-pWyhwJONfFk1qG1AvwXCHxhwcg vs http://t0.gstatic.com/images?q=tbn:ANd9GcRJDEOj5RTQE4Te1qhZn4A3BBb8ouwV-y12z-iJLr3_wN100rht-ZPsVZOr

What is the difference between these two? One is alive.

One sold physical?


Cramer is a bandwagon fanatic. Once there's a small dip he will tell peops to Sell. When everyone knows PM's are the ultimate Buy and Hold.

[sirgonzo420]

http://t0.gstatic.com/images?q=tbn:ANd9GcQbC2cwMb-Qaz930AIX3fF_qr9RdUT-pWyhwJONfFk1qG1AvwXCHxhwcg vs http://t0.gstatic.com/images?q=tbn:ANd9GcRJDEOj5RTQE4Te1qhZn4A3BBb8ouwV-y12z-iJLr3_wN100rht-ZPsVZOr

What is the difference between these two? One is alive.


And one sold a product that worked!

With oxyclean, my bong has never been cleaner! ;D

[Heimdhal]

I smell a good buying opportunity coming up.


Wooot! Cant wait for sub $20 silver again! ;D

[Serpo]

What would the mania stage be without a maniac?

My prediction is that in a year or so Cramer will be doing cart wheels on TV saying buy silver instead of this very mundane act he is doing now...


And he is good at cartwheels.......

[Serpo]

James Turk continues:



“But here is the really stunning thing this time Eric, we’ve gone from $27 to over $37, again about a 40% rise in price and the backwardation is still there. It hasn’t disappeared. So what that suggests to me is that there is tremendous physical demand for silver. This is a very, very rare event and it’s very bullish.



I don’t remember ever seeing anything like this before and this has real implications for the dollar because one of the other interviews that we did a while back I was saying if silver stays in a prolonged period of backwardation, what we really have to watch for is if gold goes into backwardation. Because if gold goes into backwardation then it’s all over for the dollar.



That’s a flight out of fiat currency and a flight into precious metals. And the fact that we’ve got silver at a record length in terms of backwardation, and even though the price has risen as much as it has, we’re still in backwardation. It’s really stunning.



Maybe the backwardation will disappear at 40 bucks, but who knows? Maybe the backwardation is still going to be there at $45 or $50 which is the target that I’ve been looking for this year. If that happens, it’s impossible to predict, but if that happens that’s going to be an earthshaking event.”



In my opinion this is one of the most powerful interviews I have ever done with James Turk where he covered a pending explosion in gold, record backwardation in silver, a mining share blast off and the collapse of the US dollar. The interview will be released shortly and you can listen to it by CLICKING HERE.



Eric King

KingWorldNews.com

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/1_Turk_-_Record_Silver_Backwardation_Spells_Danger_for_US_ Dollar.html

[mick silver]

it time to sell and buy back when it drop to 20

[Horn]

it time to sell and buy back when it drop to 20


First 40 to please the Cramer clan, then he pulls the rug on it.

30 feels like a solid base here?

[TheNocturnalEgyptian]

We have always said that when Cramer said to buy, it was time to sell.

I'm not going to sell, but we have always said the above.

I can't believe I'm ignoring one of our most classic metrics.

[DMac]

Cramer: Buy Gold

The world is reflating, says Jim Cramer, so it's a good time to invest in gold.


Thu 05/08/08

http://www.thestreet.com/video/10415825/index.html?puc=btlhome#1544356054

I think this is a bullish indicator.

[chad]

We have always said that when Cramer said to buy, it was time to sell.

I'm not going to sell, but we have always said the above.

I can't believe I'm ignoring one of our most classic metrics.


Yep. :-[

[Ponce]

sorry cramer, i loaded up 10 years ago. ;D


Sorry chad........loaded up 28 years ago ;D

[Horn]

We have always said that when Cramer said to buy, it was time to sell.

I'm not going to sell, but we have always said the above.

I can't believe I'm ignoring one of our most classic metrics.


Yep. :-[


If Ponce gets the Silver Island Purchase completed.

There may be away we can get our foot in the door. :-\




Under its Articles of Agreement, the IMF may allocate SDRs to members in proportion to their IMF quotas. Such an allocation provides each member with an asset (SDR holdings) and an equivalent liability (SDR allocation). If a member’s SDR holdings rise above its allocation, it earns interest on the excess; conversely, if it holds fewer SDRs than allocated, it pays interest on the shortfall.

There are two kinds of allocations:

General allocations of SDRs. General allocations have to be based on a long-term global need to supplement existing reserve assets. Decisions to allocate SDRs have been made three times. The first allocation was for a total amount of SDR 9.3 billion, distributed in 1970-72 in yearly installments. The second allocation, for SDR 12.1 billion, was distributed in 1979–81 in yearly installments.

The third general allocation was approved on August 7, 2009 for an amount of SDR 161.2 billion and took place on August 28, 2009. The allocation increased simultaneously members’ SDR holdings and their cumulative SDR allocations by about 74.13 percent of their quota.

Special allocations of SDRs. A proposal for a special one-time allocation of SDRs was approved by the IMF's Board of Governors in September 1997 through the proposed Fourth Amendment of the Articles of Agreement. Its intent is to enable all members of the IMF to participate in the SDR system on an equitable basis and correct for the fact that countries that joined the Fund after 1981—more than one-fifth of the current IMF membership—had never received an SDR allocation.

The Fourth Amendment became effective for all members on August 10, 2009 when the Fund certified that at least three-fifths of the IMF membership (112 members) with 85 percent of the total voting power accepted it. On August 5, 2009, the United States joined 133 other members in supporting the Amendment. The special allocation was implemented on September 9, 2009. It increased members' cumulative SDR allocations by SDR 21.5 billion using a common benchmark ratio as described in the amendment.

http://www.imf.org/external/np/exr/facts/sdr.htm

[Ponce]

You will all be invited Horn, why save silver for 28 years unless you had a reason for it?.......only problem will be uncle sugar >:(

[Hatha Sunahara]

SirGonzo420--Does Oxyclean really do a good job on a bong? I've tried alcohol and dishwasher soap (when it had phosphates in it) and neither did a very good job. I'm gonna have to try oxyclean. Or maybe I should try some regular bleach. I want to get it really clean before I start drinking the bongwater.


Hatha

[Serpo]

SirGonzo420--Does Oxyclean really do a good job on a bong? I've tried alcohol and dishwasher soap (when it had phosphates in it) and neither did a very good job. I'm gonna have to try oxyclean. Or maybe I should try some regular bleach. I want to get it really clean before I start drinking the bongwater.


Hatha
:sicko.....

[Horn]

You will all be invited Horn, why save silver for 28 years unless you had a reason for it?.......only problem will be uncle sugar >:(


If silver island is off the coast, its possible you could smuggle it into Canada for sale there?

[sirgonzo420]

SirGonzo420--Does Oxyclean really do a good job on a bong? I've tried alcohol and dishwasher soap (when it had phosphates in it) and neither did a very good job. I'm gonna have to try oxyclean. Or maybe I should try some regular bleach. I want to get it really clean before I start drinking the bongwater.


Hatha


It depends on how dirty it is and what kind of piece... I use mine a lot, so I clean it a lot to keep it from getting too dirty.

I'm not sure what kind of piece you have, but mine has a percolator, so cleaning it is a bid trickier (which is partly why I clean it more often than I did my old, non-percolated one). I will remove the downstem and pour some oxyclean down into the base, and then pour some more in the top, so that it sits in the percolator.

I then put the downstem back in, and turn on the sink and get the hottest tap water I can get, and fill up the bottom and plug the end up. I also pour hot water in the top, so that it fills the percolator. I'll usually let it sit overnight, and rinse it out a few times the next day. Be careful when you pour out the oxyclean water; it is "wetter" than water, and makes glass slippery!

It cleans the glass like no other. Depending on how much resin and such is on the sides, it may or may not be able to scrub it all off, but either way the glass not covered in resin will be sparkling clean.

Oxyclean is worth having in your bong-cleaning supplies.

Sometimes I'll go too long in between oxycleanings, and I'll use rubbing alcohol* (usually 90% but sometimes 70%) and salt, and shake it for a bit. The salt will not dissolve in the alcohol, so it acts as a mild abrasive while you swish/shake it around. Then I'll pour out the alcohol, and replace it with water and shake it up to dissolve all the salt. Rice can also be used as an abrasive, but I don't use it because I don't want it getting stuck in the perc.


*My piece is glass-on-glass, so there are no rubber pieces anywhere. If you have a downstem that has a rubber O-ring, I'd take it out to avoid having the alcohol dry it out.


Now, all that being said, I'm gonna go smoke a bong. :)

[Neuro]

it time to sell and buy back when it drop to 20


First 40 to please the Cramer clan, then he pulls the rug on it.

30 feels like a solid base here?

Could be, but I felt 15 was a solid base in 2008. I thought I made a good deal when I was buying at 17 and 16, after having sold all my silver at $19.30, to buy our BOL... Of course I ended up doing a good deal, but it didn't feel like it when silver went down to 8.50... Hehehe it was similar to drinking bong water! ;D

[Hatha Sunahara]

Well SirGonzo420, thanks for the tip. I have a bubbler with a carburettor, about the size of a large pear with a vertical mouthpiece four inches high abpve the bowl. It's a one piece design, so all I can do to clean it is to soak it in some solvent or soapy solition. I can insert a test tube brush into the stem to cean the stem, but the maion chamber can only be cleaned with difficulty using a piece of stiff wire inserted into the carburettor. I usually clean it by soaking it in a solution of some kind of cleaner in verh hot water, and I let it sit overnight to soak, Then I do what I can to get the crud out that was loosened by the soaking. Oxyclean sounds like it might do a great job. Gonna try it tonight.

I think Jim Cramer needs to have a bong occasionally so he, and other people don't take him seriously.


Hatha

[Horn]

Could be, but I felt 15 was a solid base in 2008. I thought I made a good deal when I was buying at 17 and 16, after having sold all my silver at $19.30, to buy our BOL... Of course I ended up doing a good deal, but it didn't feel like it when silver went down to 8.50... Hehehe it was similar to drinking bong water! ;D


Ahhh, If only a shot of Holy Bong Water could transport me back to whenst I came.

[JDRock]

...the fundies remain the same. The long term trend will continue ...if the rumor hoarder posted is true,...well.....
never the less, the bigs will still stop at nothing to manipulate the little #s you seem so interested in....in order to shake out the weak hands..

[KingTheoden]

This comes as we enter Springtime, which is of course time for flower blossoming, return to outdoor exercise, and a nice fat CRIMEX silver smackdown.

I have been awaiting a serious pullback in the metal and Jim Cramer's buy recommendation just about confirms it for me. Any thoughts on upcoming contract settlement dates?

[Serpo]

This comes as we enter Springtime, which is of course time for flower blossoming, return to outdoor exercise, and a nice fat CRIMEX silver smackdown.

I have been awaiting a serious pullback in the metal and Jim Cramer's buy recommendation just about confirms it for me. Any thoughts on upcoming contract settlement dates?


Seems to me they have been trying and trying to smack it down but the buyers are waiting for it and buy it back up.......happened in the last session.

[KingTheoden]

This comes as we enter Springtime, which is of course time for flower blossoming, return to outdoor exercise, and a nice fat CRIMEX silver smackdown.

I have been awaiting a serious pullback in the metal and Jim Cramer's buy recommendation just about confirms it for me. Any thoughts on upcoming contract settlement dates?


Seems to me they have been trying and trying to smack it down but the buyers are waiting for it and buy it back up.......happened in the last session.


Perhaps the difference between 2011 and 2006 is that many nations have determined US/UK financial wizards are not so strong anymore. That, at each push down it only means a slight discount on a real asset.

And so the dips are less severe and last for a shorter period.

[Rebel Yarr]

bong cleaning = vinegar

[Hatha Sunahara]

Vinegar cleans bongs?

I tried Oxyclean last night. Soaked the bong in it overnight, and rinsed it out this morning with water first, then with rubbing alcohol and salt. It came cleaner than it has been for a long time. Next time I'll do this and finish with a vinegar soak for a few hours. Thank you SirGonzo420. I doubt that they will start advertising Oxyclean as the bong-cleaner's helper though. I'll drink the bongwater when Cramer starts giving people advice on how to clean their bongs. And meanwhile, I'll ignore his advice about silver.

Hatha

[Horn]

Seems to me they have been trying and trying to smack it down but the buyers are waiting for it and buy it back up.......happened in the last session.


I can't quote somebody saying this in 2006, but it sure does appear as it could have been written then. :-X

[mick silver]

broil the water down then role it in a joint

[Kali]

it time to sell and buy back when it drop to 20


I sold at $30...gonna dump some more now. This is a sure sign it's gonna drop.

[Serpo]

it time to sell and buy back when it drop to 20


I sold at $30...gonna dump some more now. This is a sure sign it's gonna drop.




The smart money is buyin

[Silver Shield]

it time to sell and buy back when it drop to 20


I sold at $30...gonna dump some more now. This is a sure sign it's gonna drop.




The smart money is buyin
Smart money bought 2000-2005
Institutional money bought 2006-2010
The public is buying now that is why we are in the mania phase.

[Serpo]

How is this a mania phase


http://www.youtube.com/watch?v=HMMu0ID1yYI&feature=player_embedded

[Kali]

it time to sell and buy back when it drop to 20


I sold at $30...gonna dump some more now. This is a sure sign it's gonna drop.




The smart money is buyin


The smart money bought a long time ago.

[Low Pan]

when do the next batch of shorts contracts expire?

[Low Pan]

Looks like the next set of "puts" expire Arpil 16th. Will prob see a lot of up and down while these contracts settle:

http://www.marketwatch.com/optionscenter/calendar

http://www.marketwatch.com/optionscenter/calendar