. . .
K “Seems like things are roiling and boiling and percolating. Something is brewing.”
J “Festering. Feels like there is a political hurricane or an economic tornado or a social earthquake heading our way.”
. . .
Bumper sticker of the week:
Laissez les bon temps rouler!
. . .
K “While we were directed to don our masks, those in power unwittingly doffed their masks.”
J “But does anyone see? Our masks only cover our nose and mouth, not our eyes.”
. . .
[See the e-commentary at “Constructing Thoughts: Overton Window; Morrison Door; Basic Box (August 19, 2019)”, ““Free” Speech At The “Free Speech Forum” (October 22, 2018)” and “Tulsi, MSM, NYT, CNN, FOX, MSNBC, Real News, Fake News, Neo-McCarthyism. Oh, And Happy Halloween! (October 28, 2019)”.]
. . .
J “‘Not happy’ is what I am going with today.”
. . .
K “Everyone is shuffling about the mist and the miasma in a dazed and dreary dreamland.”
. . .
J “Intoxicated, lobotomized, anesthetized, euthanized, exhausted.”
. . .
K “If the new age vaccines that have never been proven to be efficacious in the intermediate run turn out to ineffective or worse unacceptably unsafe, it is Katy bar the door.”
. . .
Bumper sticker of the week:
I’d rather have a bottle in front of me than a frontal lobotomy
. . .
K “The little guys flashed their electronic pitch forks and played the same game as the big guys and gamed the game. They can try to out game the system with GameStop, but the games will not stop.”
J “The game today is to destroy successful enterprises and to bleed wounded businesses. Productive undertakings are destroyed and delivered to the undertaker. Uncreative destruction, I call it. Nothing is created; everything is destroyed.”
. . .
K “Most silver futures contracts have a provision allowing them not to deliver physical product and instead to settle in dollars. The paper contracts only require the delivery of fiat paper currency.”
J “Anyone seeking to long the shorts may get the short end of the stick. However, some day, when the world is forced to deal with five hundred claims on each one ounce of physical silver, some folks will be sorely disappointed.”
. . .
K “The rules will be rewritten and construed to protect the powerful and well-connected. In the final analysis, the little guys are doomed to lose.”
J “No matter how things stay the same, they stay the same. Groundhog Day all over again.”
. . .
Bumper stickers of the week:
The House always wins!
Happy Groundhog Day!
“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” Frédéric Bastiat
Due to unprecedented demand on physical silver products, we [APMEX] are unable to accept any additional orders on a large number of products, until global markets open Sunday evening.
Update: Due to unprecedented silver demand, SD Bullion is unable to accept any additional orders until the market opens Sunday evening.
For some background on just how unprecedented this weekend’s action in silver markets is, Tyler Wall, the CEO of SD Bullion writes the following:
In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open.
In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend).
However, everyone we talk to is afraid of a gap up at Sunday night market open.
This is about ready to get really interesting as there was very little inventory left from suppliers/mints going into Friday close.
Our direct AP supplier informed us after close on Friday that the “US Mint will be on allocation for the remainder of Type 1” (Current Silver Eagle Design).
Our sales for the month of January exceeded any one month last year during the heart of the pandemic. It was an all-time record month in our company history.
e-commentary 