MikeL

12 Comments

    • Palladium: An Investable Metal That Defies Physics [view article]
      I see that since this author posted, PAL, palladium, and platinum have all completely collapsed in price to small fractions of their former highs. Nice investment call.

      And fully in keeping with the scientific 'credibility' of an author who believes in cold fusion. (And presumably, bigfoot, alchemy, tooth fairies, and alien abductions).       Sep 10 06:16 PM
    • Palladium: An Investable Metal That Defies Physics [view article]
      This nonsense has now gone beyond the absurd. Breaks the laws of physics? This seekingalpha gets more discredited every time these fairy tales get posted.

      This same author has claimed that platinum is made in heaven (because it comes from the Cosmos) and Diamonds in Hell from high temperatures, (formed in heat and pressure in the Earth).

      Never mind that Platinum and all heavy metal elements were formed in stellar explosions many thousands of times hotter than diamonds see while formed.

      Now we take rank scientific ignorance, coupled with the worst kind of science free fantasy, and call it worthy to show up on an investment forum site?

      This is beyond absurd.       Sep 10 06:11 PM
    • Time to Buy Gold and Silver [view article]
      It's humorous to read the conspiracy freaks here. They've been following Butler too long, Shorts are covering into a collapsing silver market. But all OTHER asset markets are also collapsing! Gold, platinum, palladium, oil, COmmodities of every kind, copper, potash, real estate.

      Are the silver short 'conspirators' controlling not only the relatively puny silver market but all OTHER markets? lol.

      And the nonsense about not being able to actually buy silver at these prices. Priceless inanity! Try Kitco, Apmex, Monex for RETAIL buys at 3 to 5% above spot as always, or buy a contract and take delivery. Since there have been ZERO failrues to deliver on the Comex or LBME or any other major bourse at the contracted price I think you'll get your silver.

      Especially since there is estimated to be approx. 20 BILLION, yes 20 Thousand MILLION ounces of the stuff above ground in hoards including CHina, India, CBs, stockpiles, jewelry and silverware.

      Then of course the highly detaield Fortis report shows that current silver production is approx 900 million ounces annually mining/reclamation, of which only approx 600 to 700 million is consumed. (ANd some of that consumption will get reclaimed).

      But Nooooo. It just CANT be economic fundamentals, demand destruction, commodities collapse, equities and hedge funds going under and liquidating ALL assets, global recession, etc etc etc making silver go down.

      Must be the conspiracy cabal! LOL.       Sep 09 04:39 PM
    • Jon Nadler Proves Precious Metals Manipulation [view article]
      Once again we see silver's collapse virtually perfectly reflecting and in lock step with Gold, Oil, Commodities, collapse, and inverse to the dollars rise. And rapid asset devlauation happening globally in response to global economic slowdown.

      But never mind the MACRO data several thousand times LARGER than the silver market, that matters.

      "Manipulation&quo... and 'conspiracy' explain it all re silver. As if silver was supposed to go UP as gold, oil, potash, platinum, energy sector, real estate, et al was collapsing!! Man you people are lame to buy into this nonsense. Guys like this have really found a home in readers like you.       Sep 05 04:57 PM
    • How to Explain Fiat Currency to Silverbugs [view article]
      Excellent post. Of course the usual dour complainers will all appear to wax hysterical about the admittedly high mational debt..but these same morons never manage to compare their lot in life, standard of living, opportunity, quality of life, etc etc etc etc to the REST of the planet's inhabitants. Aug 28 11:16 AM
    • Sorry, There Is No Silver Conspiracy [view article]
      This article is right on several fronts. Silver participated in the great commodity bull market of the past few years along with copper, uranium, coal, oil, steel, palladium, platinum, potash...

      No 'manipulators' were holding it back. Or if they were, they sure did a piss poor job of it.

      These tin foil hat kool aid drinkers do indeed wish for economic armageddon so they can be proved 'right' but what they don't ever manage to see, is that the huge debt, expanding money supply, fiat currency, etc, has not prevented the U.S. from becoming..and remaining...THE premiere pwoerhouse of economic growth, innovation, wealth creation, standard of living, GDP, productivity, job creation, and any other major metric you want to employ.

      The glass is half full not half empty, when you look at economies like the vaunted Eurozone with its broker infrastructure, very high unemployment relative to U.S., total lack of innovation and progress, lower productivity and lower GDP per capita BY FAR Then the U.S. etc etc etc etc.

      Are we supposed to envy the Chinese and be worried they get U.S. paper while we get their goods? LOL!! They are polluting theor country to death, have a terrible standard of living overall, and will be repaid in devalued dollars in teh coming decades. They aren't exactly to be envied.

      You tinfol hat wearers are one trick ponies who simply miss the big picture and fail to see how well off you are...and will remain...relative to the REST of the world.       Aug 27 07:32 PM
    • Sorry, There Is No Silver Conspiracy [view article]
      In spite of having incurred losses in silver and silver mining share investments in the past couple weeks, there is a great 'silver' lining.

      i.e. I am gratified to read in Ted Butler's weekly commentary, that he now has conclusive proof of the illegal activity he has ben talking about all these years, and now at last has the "smoking gun" evidence of same, regarding the manipulators of the silver market.

      So. Given that;

      1) This is the culmination of Ted Butler's life's work and message of the past 500+ weekly commentaries, and,

      2) Given this conclusive 'smoking gun' incontravertible evidence vindicates the message he has been saying all along, and,

      3) Given that Ted Butler, is the world's 'foremost silver expert' according to him per his endorsed sponsor and employer IRI, and,

      4) Given that even the slightest hint of illegal market moving activity these days brings out teams of lawyers 10 deep clamoring to file the class action lawsuits on behalf of the aggrieved investors.....

      I can ONLY conclude that Ted Butler SURELY will use his great stature as the world's 'Foremost Silver Expert'. And immediately facilitate the filing of class action lawsuits against the deep pocket bank, illegal activity 'silver manipulators' that Ted has uncovered with his 'smoking gun' expose.

      Right Ted?

      What law firm can I send my paperwork to Ted?

      Surely this is your opportunity to be proved right Ted? In a court of law??

      Surely you are in touch with law firms at this very moment deciding which team of lawyers you will allow to hire you as an expert witness Ted?


      Or .... are you a fraudulent, phony, blowhard who in reality is just pandering to your clamoring throng of conspiracy theory nutballs??


      Come on Ted, put up or shut up. I don't need to be impressed with a rehash of the unprecedented short interest change numbers driven by these banks. I am ALREADY impressed with those numbers!!

      What I want to see now, is whether this 'smoking gun' proof of the 'illegal activity' you've been talking about for years, will now immediately result in class action lawsuits fo rholders of PAAS, SLW, CDE, SSRI, HL, SLV. Spearheaded of course by the 'world's foremost silver expert', who has been working toward this very end every week for over a decade now.

      What do you say Ted? You genuine or just a cult member pandering fraud??? Inquiring minds want to know.       Aug 27 07:24 PM
    • Safe Haven Investments Amid a Global Crisis [view article]
      I was invested in PMs in 1988, at no time did Platinum ever "drop to $100" in one day or any other time. It came close to a $100 drop and approcahed price of gold at the time, around $400. No one who could print such a thing has any understanding of markets, research, or historical prices whatsover.

      But then, Marc Anthony is very poorly researched and has very shallow understanding of all the topics he touches on. Platinum's source for example.

      Anthony recently this week posted on the SLV board that diamonds are made in Hell and Platinum in heaven. His rationale? Diamonds undergo high heat and pressure as they transform one type of carbon to another, and because Platinum is a heavy element that came from 'space'. above.

      However, anyone with even rudimentary science, physics, chemistry, or astrophysics knowledge, is aware that platinum (like all heavy metallic elements in the universe), was created in Type1 Supernovae events where heat and pressures are enormously higher than those which create diamonds. The heat of a supernovae is 6000 TIMES the heat of the sun's core! Talk about hell!

      Anthony's contentions equating previous oil emabrgo to today, are simply incorrect. Gas stayed cheap after the oil embargo, so people went back to big gas guzzlers. Today gas will NEVER be cheap again, and the future is;

      a) Much smaller cars with much smaller catalytics that use much less PGM metals.
      b) Hybrids, electrics, and Ethanol fueled vehicles that will use much lee to no PGM at all.

      The Ford and GM sales falling off a cliff is merely a harbinger of what is to come. Smaller engines, with far less PGM metals in catalysts.       Aug 20 01:57 PM
    • Forget $100 a Barrel - Oil Will Plummet to $30 [view article]
      This column is a joke right? Hydrogen cell vehicles cost 1 million each to make. And the cost won't drop much considering the enormous amount of platinum required in the cells. The infrastructure to build out refueling is estimated at a trillion. Obama wants 25% renewable electricity? Well we've been working furiously on renewable for 2 decades and it is only ONE PERCENT of the grid! Americans have scaled bacK? Great! That will mean a lot all right when countries with a billion and a half people like China are doubling their car purchases annually. Man this guy is the moron of all time. We'll be lucky to see $90 oil, and the supply will only continue to get more expensive over time as the 'low hanging fruit' oil fields go dry. Aug 15 12:29 PM
    • Sean Rakhimov: 3-Digit Silver Ahead [view article]
      Nice overall analysis. I for one am quite pleased to see an article that makes no reference to the insane, baseless, speculative, and already discredited conspiracy rantings of Ted Butler with his obsession re short positions. If shorts control silver, they have done a piss poor job of it. It tripled in a few short years. It will triple again. Jul 09 11:24 AM
    • Gold’s 'Grand' Illusion [view article]
      Paaraga, I like gold's unique properties, but I do not like non scientific people like yourself continually spreading the myth that "...Gold is the best conductors of electricity (better than copper),..."

      In fact, copper is a substantially better conductor that Gold, and Silver is a much better conductor that either one. Silver in fact, is the best conductor amongst the pure metals, precious metals, semi precious metals, or base metals.

      www.myhrsb.ca/Function...       Apr 14 04:40 PM
    • Gold/Dollar Ratio Goes Parabolic [view article]
      What could the author possibly be thinking? Adjusted for inflation, gold is nowhere NEAR the ration of 1979, and won't be unless it reaches somewhere around $4000 per ounce. Think of it in terms of genuine buying power. A house in 1979 vs today. A gallon of gas in 79 vs today. Medical care in 79 vs today, etc etc etc , Gold has a LONG way to go up before it approximates the same genuine ration as 1979. Mar 13 04:06 PM
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