Butler's firing flames-must read this.

[neilgin1]

http://investmentrarities.com/ted_butler_comentary11-24-10.shtml

watch out, time to slash and burn.

call me nutz, but $100 is going to be the new floor for silver very soon.

either that, or the COMEX defaults, or "they" make private silver ownership illegal.......and dont snicker at that.

private wealth ownership, 2nd amendment rights, all Consitutional rights are endangered. It's that bad.

[Beau]

.
Neilgen1

I read everything but where did you get

"they" make private silver ownership illegal ?


.

[neilgin1]

.
Neilgen1

I read everything but where did you get

"they" make private silver ownership illegal ?


.

i was raised in the intelligence community, where the mindset is twofold, wargane for the worst case scenario, and always overstimate your adversaries.

[stateofmind]

Let's not get crazy here. $100 will not happen for a long time. I also don't see ownership of silver being outlawed as a possibility, because the vast majority of precious metal wealth is held in Au, and they know that diehard silver nuts will not give it up. Also; I don't see them outlawing pre-1964 coinage.
Disclosure: stateofmind owns gold, silver, 90% silver, and has a short position on tin foil hats

[Sheikh_yer_Bu'Tay]

.
Neilgen1

I read everything but where did you get

"they" make private silver ownership illegal ?


.

i was raised in the intelligence community, where the mindset is twofold, wargane for the worst case scenario, and always overstimate your adversaries.

Then what the hell happened in Iraq?! (sorry to tangent off topic, but I had to ask that one.)

I have been reading Ted Butler for many years. Ted is always good reading. Prof. Antal Fekete is a very strong critic of Butler's. But even Fekete predicts very high silver prices in the not too distant future (and that is putting it mildly).

If anyone would care to read Prof. Fekete, here is his website: http://www.professorfekete.com/default.asp

[Sheikh_yer_Bu'Tay]

Let's not get crazy here. $100 will not happen for a long time. I also don't see ownership of silver being outlawed as a possibility, because the vast majority of precious metal wealth is held in Au, and they know that diehard silver nuts will not give it up. Also; I don't see them outlawing pre-1964 coinage.
Disclosure: stateofmind owns gold, silver, 90% silver, and has a short position on tin foil hats

In 1932, most people didn't foresee gold coins being outlawed in 1933. It was guaranteed in the Constitution that the money of the land would be gold and silver coin. They cheated us on our constitutional rights then, it will be even easier to do it now.

[beauanderos]

Let's not get crazy here. $100 will not happen for a long time.

Well, that might be true if the dynamics of silver indicated that it was an inexhaustible resource (not, estimated to be a nine year mining supply remaining at these levels of extraction) there was not a huge short position held by the bullion banks (which will cause the mother of all short squeezes when supply runs scarce and silver user's association buyers start to panic and want to stock up beyond just-in-time inventory supplies) and you were dealing with a stable fiat currency not subject to inflation catalyzed by irresponsible government spending and irrational Fed QE's. We all know how this is going to end, it's just that opinions differ as to how soon we see hyperinflation and concurrent "to the moon" prices of commodities. I say $100 silver will be a done deed within two years from now, if not sooner. To differ with this viewpoint, after having reviewed the facts, you'd have to be either naive or in denial.

[neilgin1]

Most Honorable Sheik,

i'll get off topic with you; you asked:
"Then what the hell happened in Iraq?! (sorry to tangent off topic, but I had to ask that one.)"

Thankfully, i have not been in the intel community for while. There are many good men working that mission, but when you politicize intelligence operations, or pressure analysts to come up with intelligence that the national command authority WANTS to see, as opposed to the truth, bad things happen.

we're under this conception that intel is a LOT of smart guys working together, when in reality, it's a bureaucracy that breeds caution and group think. They eat their mavericks. They do just enough to punch that ticket, collect that pension, and never overturn any rocks, piss anybody off, or make any enemies within the bureacracy. nuff said on that.

as far as Iraq is concerned, i'll give you a short briefing and it all ties into these two words, "force projection". Specifically, force projection into the Persian Gulf.
in 1953, we overthrew the Iranian Mossadegh, he was a socialist, we installed the Shah, who was overthrown by Shia led clerics in the late 70's, our embassy was taken, hostages etc. the price of oil quadriples.
it was at that point, national command authority HERE, in the US, realizes that to secure energy supplies into the 21st century, we need "force projection" in the oil rich Persian Gulf. That means boots and bases in that theater of operations, which we now have in 2010.

fast forward to 1989. Saddam knew, that we knew, he was massing troops on the Kuwaiti border, because he had been given classified satel recon intel during his war with Iran, so he summoned AMB. April Glaspie 4 days before the invasion of Kuwait, and asked her, if the US had any problem with Arab states resolving disputes regarding horizontal drilling, which he regarded as theft.
for her response, you can read:
http://en.wikipedia.org/wiki/April_Glaspie

She basically said "we dont care", which that idiot dictator took to be a wink and nod to invade, so he signed his death warrant 4 days later.

on 12 Sep 2001, Secty Rumsfeld was already making notes to link Iraq with the attacks, sort of a kill two birds with one stone deal.

here's a link to a very good "Frontline" one can view online, "Bush's War", pay particular attention to part two, watch for a man, a good man, General Garner, who was to take over, but had his knees cut off and was replaced by Paul Bremer, and then we were off to the races. Many would say "Frontline" is a liberal program. i disagree, its neither liberal nor conservative, just concise, and for the record, i am a Eisenhower Republican....you wont be bored by this program:

http://www.pbs.org/wgbh/pages/frontline/bushswar/view/

Most respectfully, neil

[neilgin1]

back on topic:

i write this with no offense to anyone, we all have our opinions, and they are of value to us, and in no way, do i mean to denigrate ANYBODIE's opinion, but i do get emboldened in my market read, when guys disagree with my market read.

its when everybody agrees, thats when i get nervous.

silver is going to a $100 plus...sooner than later, and i now have no problems paying 25 to 30 for .999 coinage, and no problems with paying 22X for uncirc 90's. none. i've seen a lot of bull markets, and this is a tsunami bull market, techinically, fundamentally.

(i also think wheat is going dramatically higher as well)

[beauanderos]

i now have no problems paying 25 to 30 for .999 coinage, and no problems with paying 22X for uncirc 90's. none.

Neil, I'd be right in there bidding against you... if I hadn't already shot my wad back in the 17x face days. Now I'm just paying off the credit cards.

[Sheikh_yer_Bu'Tay]

Most Honorable Sheik,

i'll get off topic with you; you asked:
"Then what the hell happened in Iraq?! (sorry to tangent off topic, but I had to ask that one.)"

Thankfully, i have not been in the intel community for while. There are many good men working that mission, but when you politicize intelligence operations, or pressure analysts to come up with intelligence that the national command authority WANTS to see, as opposed to the truth, bad things happen.

we're under this conception that intel is a LOT of smart guys working together, when in reality, it's a bureaucracy that breeds caution and group think. They eat their mavericks. They do just enough to punch that ticket, collect that pension, and never overturn any rocks, piss anybody off, or make any enemies within the bureacracy. nuff said on that.

as far as Iraq is concerned, i'll give you a short briefing and it all ties into these two words, "force projection". Specifically, force projection into the Persian Gulf.
in 1953, we overthrew the Iranian Mossadegh, he was a socialist, we installed the Shah, who was overthrown by Shia led clerics in the late 70's, our embassy was taken, hostages etc. the price of oil quadriples.
it was at that point, national command authority HERE, in the US, realizes that to secure energy supplies into the 21st century, we need "force projection" in the oil rich Persian Gulf. That means boots and bases in that theater of operations, which we now have in 2010.

fast forward to 1989. Saddam knew, that we knew, he was massing troops on the Kuwaiti border, because he had been given classified satel recon intel during his war with Iran, so he summoned AMB. April Glaspie 4 days before the invasion of Kuwait, and asked her, if the US had any problem with Arab states resolving disputes regarding horizontal drilling, which he regarded as theft.
for her response, you can read:
http://en.wikipedia.org/wiki/April_Glaspie

She basically said "we dont care", which that idiot dictator took to be a wink and nod to invade, so he signed his death warrant 4 days later.

on 12 Sep 2001, Secty Rumsfeld was already making notes to link Iraq with the attacks, sort of a kill two birds with one stone deal.

here's a link to a very good "Frontline" one can view online, "Bush's War", pay particular attention to part two, watch for a man, a good man, General Garner, who was to take over, but had his knees cut off and was replaced by Paul Bremer, and then we were off to the races. Many would say "Frontline" is a liberal program. i disagree, its neither liberal nor conservative, just concise, and for the record, i am a Eisenhower Republican....you wont be bored by this program:

http://www.pbs.org/wgbh/pages/frontline/bushswar/view/

Most respectfully, neil

Oh, Neil. Let's start off with the "Most Honorable Sheikh" stuff. I am anything but honorable. I am irreverent as hell! Thus, the irreverent call sign of Sheikh yer Bu'Tay. As in "Shake your Boo'Tay", a line from an old '70's disco song by KC & the Sunshine Band. You may as well call someone with the handle of "Sister Mary Boom' Boom" honorable. So, let's dispense with the "Most Honorable/Most respectfully" formalities, shall we?

I am sorry if I ruffled your feathers with the "what the hell happened in Iraq" line. Didn't mean to start a pissin' match. You are in good company here. Many Real Centers are very patriotic and crave for the day when a lot of this madness goes away. Most of us would like to see the US Republic restored to it's full glory.

I will read and watch your links. It may do me some good. I am so frustrated by how the "war on terror" has gone. If we fought any war before this one the same way we are fighting right now. We would have lost them all. Sadam had WMD's. Two of six known mobile anthrax labs were captured. Sadam used poison gases to kill thousands. Yet, the offical story line is he never had them, it was all a big mistake. WTF!!!

Once again, I apologize for coming across in a terse manner. I didn't mean to.

The "Sheikh"

[neilgin1]

Sheikh,
no offense taken at all! no way brother.......neil

[Sheikh_yer_Bu'Tay]

"We foolishly didn't realize he (Saddam) was stupid." Am. Galaspi's comment almost made me laugh!

I didn't know very much about Bush at the time, but I knew a lot about Gen. Colin Powell. I became aware of him during the Nixon Admin., so, when Powell made the official case for going into Iraq publicly... I bought into it.

Thanks for the info. This fills in some info gaps I had.

Back on topic:

I don't know where silver will end up price wise. IF it's just a short squeeze, then $100 sounds like a healthy price. IF it's a dollar collapse..... $100 is waaaay too low. It's scary to think what will happen to the average American IF the worst case scenario comes true.

I am better prepared than most Americans, but not near as ready as I need to be.