This manipulation only manages to constain the price appreciation of gold and silver for brief periods IMO. Today's price knock down was met with heavy buying as the silver price returned to an attractive level for buying. I just bought some SLW stock for $20.28, and I'll buy more should the price dip lower. I'm confident that many joined me today in nailing down a low price before SLW bounces back higher again. This manipulation game obviously has not ended yet. As long as the big boys want to play, I'll join in the fun. I plan to sell into the strength again once SLW establishes new highs. SS
" I couldn't figure out a way to make money shorting an asset that's been inexporably rising in value for a decade...but then I'm not a big boy (6'; 188 for the record"
Why do feel compelled to make these ignorant posts, everytime anyone wtites about the manipulation? Especially since you know Bear Sterns, the old big short in silver, was destroyed, and the position had to be transferred to JP.
It seems like the whole point of your presence here is to defend the commercial banks. Typically you respond with an immediate denial, and then several other posts to bury the comment.
Let's see how it takes you to respond this time.
"The manipulation has not ended just yet. Did others here note that precisely at 8 AM the big boys hammered down the rising spot gold and silver prices? "
Ooouuuu...the price went down. What other possible explanation could there be? Gold and silver prices have never been volatile before...it's those "big boys"....hammering...The big boys sure are smart. I couldn't figure out a way to make money shorting an asset that's been inexporably rising in value for a decade...but then I'm not a big boy (6'; 188 for the record).
The manipulation has not ended just yet. Did others here note that precisely at 8 AM the big boys hammered down the rising spot gold and silver prices? IMO it's an exercise in futility as the forces driving up gold and silver prices are too powerful to suppress forever. Each day thousnads of people world wide are now becoming more aware of the erroding value of their fiat currency. As a result, the demand for gold and silver coins is growing day by day. As others have pointed out, silver is the "poor man's gold" and it should now begin to rise at a faster pace than gold. According to the historic gold/silver ratio, the silver price has a long ways to go. SS.
"Do you see CDO or CDS losses on their books?"
No, but if you bother to read the 105 pages of their audit you see them repeatedly in the notes. Of course the numbers are in the income statement it's just hard to identify them. Go to the notes and they are explained in detail.