the mogambo guru likes silver
posted on
Jul 16, 2009 01:17PM
SSO on the TSX, SSRI on the NASDAQ
no one explains things quite like the mogambo guru:
I think that the reason that I cannot keep the secret of silver being so under-priced to myself is because it does not matter! Nobody is going to listen to me anyway, and that means that I can keep buying silver at these low, low prices until finally reality catches up with the silver market, and when it does, I will be Sitting Mighty Pretty (SMP) with more money than I ever imagined, and people will say, “Why didn’t you tell us to buy silver, too, so that we, would have a lot of money, too? Or at least have enough to buy dinner instead of having to stand here, broke and hungry, watching you stuffing your Stupid Mogambo Face (SMF) with succulent appetizers, entrees and desserts, and watching pieces of food are falling out of your mouth, down your chin, bouncing off of your shirt, and into your lap; you are a disgusting, filthy pig!”
Ted Butler, independent silver market observer, has never commented on my seeming lack of table manners or has actually told me “Shut your Stupid Mogambo Mouth (SMM),” and if you call him up to verify it, he will immediately reply “What? Who is this? What’s a Mogambo?” before hanging up, which ought to prove it to everyone’s satisfaction as it does mine!
Anyway, Mr. Butler has been a long time looking at the obvious manipulation in the silver market with just a few “players” actually controlling the price so as to, I figure, run a scam, and up to now it has been up to Mr. Butler to identify the blatant criminality in the Comex futures market, while it has been up to me (as the other member of the team) to call all the people involved in the scam a bunch of “lowlife scumbag thieving cheating lying pieces of crap” and demand that they all be taken out and shot or given prison terms of 150 years each, ala Bernie Madoff, who was also a “lowlife scumbag thieving cheating lying piece of crap.”
But while I am doing this, see, I am buying more and more silver more and more cheaply and Mr. Butler is, I assume, buying more and more silver more and more cheaply, and everyone who has looked at the insane imbalances in silver are buying more and more silver more and more cheaply since the price of silver does not rise even though the purchasing power of the dollar is in a downward trend, thanks to the seemingly-impossible amounts of federal government borrowing and deficit-spending that will be financed by the Federal Reserve creating the seemingly-impossible amounts of money and credit to loan to the government.
But those halcyon days may be over, as things may be changing, as Mr. Butler notes that “On June 24, the US Senate Permanent Subcommittee on Investigations issued a 247-page report entitled, ‘Excessive Speculation in the Wheat Market’ where they found that ‘the CFTC failed to uphold commodity law, by allowing large index traders to hold long positions in wheat well above the proscribed speculative position limits of 6,500 contracts.’” The Senate found that the CFTC “failed to uphold commodity law”!