This short squeeze in silver could be 'the big one,' Turk tells King World News

 

Alix Steel: A Chinese gold standard?

 

Plenty of silver, Jeffrey? Tell it to the mints

 

Shortage fuels silver, 'black swan' may make gold fly, Rule says

 

Financial Times notices that gold is winning, and partly why

 

Silver At Escape Velocity, As Another ECB Intervention Desperately Needed

Submitted by Tyler Durden on 02/18/2011 11:40 -0500

We apologize for this most recent silver update, but it is rather exhilarating to watch the main Tri-Party repo clearer, and Fed's pet bank squirm. Silver is now above $32.70 as the unleashed squeeze is claiming victims left and right, and the metal is up 7% from yesterday's low. Jamie: it may be time to shelve those dividend plans for a year or two but at least you got your bonus you sly dog, you. As a reminder, margin calls in silver, and they will be, ahem, sizable, commence at 3pm Eastern. 

 

 

 

 

Houston, This Is Blythe, I Have A Problem

Submitted by Tyler Durden on 02/18/2011 10:14 -0500

And silver surges on margin hike news, taking out $32, and fresh 31 year highs. Something is very wrong. Our only question: how long before the American taxpayer has to repeat the AIG experience, and bail out JP Morgan over its billions in silver shorts. For our non tinfoil heat wearing friends in the various operating subsidiaries of the FT, we have one comment: "We have sold everything we can produce in silver and have demand for at least twice that volume,” said David Madge, head of bullion sales at the Royal Canadian Mint, which produces the silver Maple Leaf coin. Silver coin sales at the US Mint and the Austrian Mint also hit record levels in January"

As Djibouti Prepares To Topple Next, Should One Go Long A Girl's Best Friend?

Portugal "Insolvency Sweeping Under The Rug" - Friday Edition

 

US 2011 Inflation: 10.6%?

Submitted by Tyler Durden on 02/18/2011 11:08 -0500

We thank Sean Corrigan of Diapason Securities for bringing our attention to the MIT Billion Price real time inflation Index (first reported here) who points out that based on the ongoing surge in prices, which have increased by 1.25% in the last 45 days (December 31, 2010: 101.085, February 14, 2011: 102.353), a simple annualization indicates a 10.6% increase in prices in 2011! With all undue respect to the Chairsatan (and other "disinflationists") it is time to bring Volcker out of the freezer once again. Look for the 30 Year to pass 5% in a few weeks. Oh yes, M2 surged to all new time highs again.

And Now The 10 Year Is Surging