Hell has frozen over - Denninger changes his spots?

[Quixote2]

http://market-ticker.org/akcs-www?post=184915


Gold And Silver Are Money!


Really! Yes, you'll have to listen to understand the argument, if you don't already.


But that's what good radio is, right?


4:00 Central Today, 4/25, at http://blogtalkradio.com/marketticker


_______________________________


This one I will have to listen to.

[Sparky]

I saw this but won't be able to listen. Please report back to us.

[keehah]

I've started the first few minutes. Its a fakeout.

First time I heard him. He sounds like a prissy prick that so draws out any point with side strawmen insults it hides most points he tries to make.
He starts the interview with a yell in the microphone of total distortion.

I don't like listening to a prissy prick playing with his straw men even when he is right and/or on my side of an issue.

His website is good other than too many deflation delusions.

"To call 'gold and silver' money is a bald faced lie."
"Physical metal is not liquid....it is an unleveraged bet."

Well I've played futures as well and buying and selling physical. THe physical is more liquid. Dealing with a real life broker (ScotiaMocatta) my hours to buy and sell futures were less than the physical.

I have always sold silver at spot. Every time my broker sold an contract it was under the contract's market price.

[osoab]

Just finished it.

I thought Denninger was more of closet gold bug a month or two ago.

I have so many issues, it is quite hard to type them up.


He completely disregards/ignores information from GATA or Adrian Douglas on the short positions or the overt manipulation.

He harps on the Comex Margin increase on a 9% down day on Ag (top to bottom not open to close). Here Denninger is disregarding that its was OPEX for May silver and April Au/Ag futures stop trading tomorrow. Combined with no trading in NY on Friday and no LBMA today, there was really not much manipulation going on. I think everyone that follows any of PM market, knew that today and tomorrow would be down days.

Compares Ag and the DX ytd. Well, isn't that comparing apples to oranges? Yes silver is priced in FRN's (legal currency). It is not valued against a basket of currencies like the FRN. Look at the charts for CDN, EUR, and GBP all the same trend.

Talks at the end about finding 2 dozen parabolic charts that don't have a bad ending. Yep, he is right. But how do we quantify a true free market? Any U.S. market that has the PPT working, cannot be considered unbiased. Are Goldman and JP now bank saints in Denninger's eyes, even though he has exposed their deceit in other areas of markets and .gov collusion?

I think Denninger is trying to shut up some of his newer posters. I have seen quite a few newbs posting over there. It is about time to see ban hammer emerge.

I bet photoguy is having an aneurysm at this Denninger piece. :ROFL:

http://www.youtube.com/watch?v=XsLu6iPi3pc&feature=related


keehah, I think that the audio blub at the beginning was an unintentional mic issue.

[Sparky]

But his banner says Gold And Silver Are Money. Does he think that, or not?

[osoab]

But his banner says Gold And Silver Are Money. Does he think that, or not?


No, it was a spoof, sarcasm, dick-ish title. Call it what you will.

He trades the commodities. He doesn't believe that they are money.

Edit.

You can still listen to it Sparky.

[keehah]

Talks at the end about finding 2 dozen parabolic charts that don't have a bad ending. Yep, he is right.

Does this mean silver is going to 'correct' back to $400 (1998 dollars)? ;)

http://www.rapidtrends.com/wp-content/uploads/2010/02/600yrsilver.gif

[keehah]

And one more observation.

Let me sum up his rant in two points:

1. Gold and Silver cannot be money for the betterment of society because the paper markets are too volatile in the short term.

2. I trade paper futures for personal profit making the gold and silver markets volatile in the short term.