Wynter Benton: Uncle Benny Dissapointment Puts a Death Sentence on The Morgue

[Large Sarge]

Wynter Benton: Uncle Benny Dissapointment Puts a Death Sentence on The Morgue, TBTF Banks
The Wynter Benton group has posted again in response to today's Fed disappointment, stating that for now, the gold and silver rally may be on hold for a little while, as the market will now tank by at least 20% in the next 6 weeks, and traders should prepare for Armeggedon.
As in- The Bernank has just placed a death sentence on the fragile (must be Italian!) TBTF banks such as Bank of America and The Morgue.




Uncle Benny finally disappoints the market!!
The student of the Great Depression fails the most important examination. Uncle Benny did not shock and awe us, so now prepare for Armeggedon. Uncle Benny may not realize it but he has put a death sentence on all TBTF banks, especially The Morgue.

In light of today's developments, the team will be back with specific recommendations later, but for now, the much anticipated silver run will be on hold.

In the meantime, the group wanted everyone who follows us to know that the market will tank by at least 20% from here within the next 6 weeks. That means AMZN will be below 180, WYNN wil be below 110, IBM will be below 145, etc.... The correct way to make money now is to short the market with Oct and Nov puts. We are undecided as to the fate of gold and silver, since there are some among us who still believe that gold and silver will still go up within a deflationary environment, but there are others who are not so inclined to that belief.

We apologize that we can't answer questions in a timely manner, but the person(s) who writes these Yahoo messages are not always in a position to answer or know what the entire group is thinking. We always have a purpose for posting these messages although it may not always seem clear.

Stay tuned for further updates.......

Click here for the WB Yahoo thread:

[Large Sarge]

http://search.messages.yahoo.com/search?.mbintl=finance&q=wynter_benton&action=Search&r=Huiz75WdCYfD_KCA2Dc-&within=author&within=tm

[chad]

<sarcasm> who could have predicted that the silver run wouldn't happen again? </ sarcasm>

[mick silver]

so much good news i just dont know what to do ... lalala

[Large Sarge]

They have not touched the $36 level, in fact the closest I have seen all month is perhaps $38.80

meanwhile Gold, the DOW, and the economy have had the shit knocked out of them

The dollar rallied from 74 to 78 in a month

and still silver has held up....

I have said for years that silver and the internet are the only 2 peaceful solutions left, the Rothschilds have owned the gold market for centuries, and it is just to big in value and size to break

so, I think they say "the proof is in the eating" (or close to that), well my friends, we have 7 trading days left in Sept, the 4th quarter, and fiscal 2011, and if silver is above $36 during those 7 days....

wynter benton wins.

[Serpo]

And 200 day moving average is around 35$

[osoab]

No,
........do da, do da........... in the post. I am disappointed.

[wrs]

Looks like the Wynter Benton stuff was bullshit misdirection crap. Silver pushed to $36, tough shitski, the Chinese let JPM off the hook. Got's to have your bitch for another day of course. Can't rough them up too much or they won't be around the next time you need them.

[osoab]

Looks like the Wynter Benton stuff was bullshit misdirection crap. Silver pushed to $36, tough shitski, the Chinese let JPM off the hook. Got's to have your bitch for another day of course. Can't rough them up too much or they won't be around the next time you need them.

What are you talking about? Below 36 is the price.

[Awoke]

Below $36 is where we are now.

Good buying op.

[Large Sarge]

from my limited understanding, I think they need silver under $36 on next friday.

then all of those contracts and positions expire worthless.

[Neuro]

Wynter talks crap. The fed has saved the morgue. They monetized in secret with their 3 card monty game last week. $2.6 Trillion or so to be divided for bonds and banks... And then they just openly shuffled around some debt, to give the impression that they didn't do anything. It is only fear running the market now, probably massively reinforced by TBTF banks that shorts everything including themselves. It will go down some more with plenty of fearmongering in the financial press, when fear is at its peak, they will start buying back...

Rothschilds have played this game many times, and Wynter Benton is part in it, fake opposition, similar to Al Qaeda, but on the financial scene!

[wrs]

What are you talking about? Below 36 is the price.

Yep and now it will close under $36. The only thing these jokers got right was JPM stock under $30. Today it closed at $29.27 but silver is now under $36 so both sides lose.

Anyway, why would anyone pay attention to these bullshit artists ever again, they just lost all credibility if they didn't after their bullshit call on the Greece default. Wrong, wrong, wrong, wrong.....................

[osoab]

Yep and now it will close under $36. The only thing these jokers got right was JPM stock under $30. Today it closed at $29.27 but silver is now under $36 so both sides lose.

Anyway, why would anyone pay attention to these bullshit artists ever again, they just lost all credibility if they didn't after their bullshit call on the Greece default. Wrong, wrong, wrong, wrong.....................

I thought it was the close on Opex which is on the 28th.

[Large Sarge]

I thought it was the close on Opex which is on the 28th.

thats what I thought, it had to be a certain date, and they expire worthless....

I thought it might be the end of the month...

but option expiry makes sense

[wrs]

I thought it was the close on Opex which is on the 28th.

I interpretted that if it closed below 36 at anytime in the next 60 trading days which started on July 11. I think someone calculated that took us to Sep 30 but I can't remember for sure now. Anyway, it did reset under $36 which is what they claimed would save JPMs butt. We had a close under $36 and I suspect that is all it took. That only saved JPMs butt temporarily though, their stock is still dropping and not giving any indication it wants to go up anytime soon.

[wrs]

At this time silver has dropped well below $35 and looks like it's lost all support and will have no way of closing over $36 in the next month. Looks like JPM won, Wynter Benton was bullshit.

[ximmy]

At this time silver has dropped well below $35 and looks like it's lost all support and will have no way of closing over $36 in the next month. Looks like JPM won, Wynter Benton was bullshit.

They are doing what is in their power to do... over the last three years they now know it is not in real estate or stocks to put their trust in, but precious metals, drive the price down, cover shorts, print money, scare off metal investors, buy up the metal like crazy, let the dollar fail, the banks win. But we (the little guys) can win too, if we also have investment in the physical... I'm off to the bank in the morning and to the local dealer... ;D

[wrs]

Good luck getting some physical at these crazy paper prices. I bet no one will sell it to you for that. Right now though, silver seems to be recovering some of that walloping, maybe it will just be a blip.

If I had an inventory of silver that was selling for $40 yesterday morning and came in the next day and the CRIMEX was claiming they would sell it for $34 and you came to me and asked me to sell it for $34, I would direct you to them for your purchase and keep my price at $40.

[Mouse]

Good luck getting some physical at these crazy paper prices. I bet no one will sell it to you for that. Right now though, silver seems to be recovering some of that walloping, maybe it will just be a blip.

If I had an inventory of silver that was selling for $40 yesterday morning and came in the next day and the CRIMEX was claiming they would sell it for $34 and you came to me and asked me to sell it for $34, I would direct you to them for your purchase and keep my price at $40.

I bet you would be buying below spot. It's always the little guy that gets crushed. You can get spot with fair prem's all day long if you can pony up the ~20k to do a transaction.

[wrs]

Im not sure I understand your comment. How can you buy below spot and pay premium at the same time? Could you clarify?

[1970 silver art]

Good luck getting some physical at these crazy paper prices. I bet no one will sell it to you for that. Right now though, silver seems to be recovering some of that walloping, maybe it will just be a blip.

If I had an inventory of silver that was selling for $40 yesterday morning and came in the next day and the CRIMEX was claiming they would sell it for $34 and you came to me and asked me to sell it for $34, I would direct you to them for your purchase and keep my price at $40.


With paper spot currently at around $31, it would not surprise me to see premiums that will be well above spot for .999 generic silver.

[Mouse]

Im not sure I understand your comment. How can you buy below spot and pay premium at the same time? Could you clarify?

Sorry if I was not clear. You had mentioned "If I had an inventory of silver that was selling for $40 yesterday morning and came in the next day and the CRIMEX was claiming they would sell it for $34 and you came to me and asked me to sell it for $34, I would direct you to them for your purchase and keep my price at $40."

If you were running a coin shop you would be happy to buy it all day long at below spot, and wouldn't want to sell it at spot. So the little guy that doesn't have 20k plus to send to Tulving or whomever, gets to buy from local dealer at way above spot, and if he goes to sell gets below spot. I guess that was my point, you can't get a fair transaction unless you have a lot of powder to blow or you are lucky with a good dealer.

[wrs]

OH OK, that makes more sense and yes that is the way it often works. Even with Tulving you will be paying more than spot but more often than not you will be paid a premium if you sell. When I first started buying gold in 1999 it was always the case that you paid a premium to buy and sold at a discount. However, for a couple of years the premium went to about 1% and the discount was around 2%. I bought my silver for $4.85 to $5.15 in 2002 and the premium was about $.15 per ounce IIRC. Mostly from 1999 to 2003 I paid from $3-6 premium per ounce of gold purchased. Once gold got over $400/oz the premiums were double digit.