Exactly who is demanding all this delivery you speak off. Its guys like you who make people buy when they should not be buying. trying to tell them silver is going to skyrocket. You back your position up with no facts. I lay out the facts in the COT report and silver analyst to the physical over supply. U come on with name calling and all sorts of garbage. Can you bring something to the table atleast. besides LMAO. Can you think outside the box.
Could be a nice trade through Friday afternoon in late trading, maybe pick up a $1.00-$1.25 on a short trade. Look for SLV to be in the sub $20 level by then.
Alot of commodities are breaking down here be careful holding SLV for more then a day if trading. Staying long or going long is risky at this point. May need to wait a few months for that.
Yes dollar does not look good. However we are right at its uptrend line and right at the lower BB line and below 20, so it could go either way and really break down or have a slight rally to 81 and change.
So the 183 million ounces of silver are being drawn down you say, OK. How about the fact they are up from 90 million ounces from a year in a half ago. This is what happens when you have a oversupply of silver. You apparently have trouble with supply and demand equations.
Today would also be a good day to nibble on shorting SLV and miners. Don't go hog wild and save some powder for tomorrow if we get a break above $21.50. remember 90% of the time silver gets hammered on Fridays. The manipulators will not let silver stay above $21.50 through the weekend.
will make silvers sell off more extreme then gold. Its possible silver to gold ratio balloons out to 70-80:1. Generally in these world wide commodity sell offs silver gets hit hard and gold pretty much holds its own. Like I said selling into or shorting rallies is probably a decent trade. Silvers path of least resistance is down. As one can clearly see from other board postings people can't handle the truth when you give them facts why silver is headed lower. I'm bullish on silver bull I am not going to stand in front of a train on the downside. If I have learned anything over the past 15 years investing in silver. If the manipulators want it lower, don't fight them because they always get their way. Wait and buy at much lower prices as there is plenty of silver to go around.
Not to say its good or bad, different ways to look at it. One of course the shorts are covering because the price is about to move higher. Or with the over supply of physical silver we are currently in. Shorts are able to get physical to close their naked unback shares out.
Not to rain on your parade but silver has been in a long term bear market downtrend since 2011. It broke that trend back in mid 2012, but then continued the downtrend later that year until present date. To break that trend silver would have to move and hold $25-$26.
Today hopefully silver and gold rally. I plan on shorting some SLV shares and some miners. The numbers will show in the COT report who's cut off date is today, the commercials are doing the same to hold silver down.
heading the way. Its coming boys like I said a few weeks back with the increasing commercials short position. Silver peaked out at $22.20 and has lost $1.35 already, the trend is down so you may as well wait for much lower prices over the next few months. One day rallies should be sold and I would actually start shorting mining shares and SLV shares. May as well join the manipulation party.
Do you finally see how silver is manipulated and how the paper market controls the price. Which that market is controlled by JPM in silver.
By watching how the commercials piling into shorting silver in the paper markets. One can easily see when silver is close to ending its upward trend. Now that the trend has been stopped and reversed to the downside. One has to look and see the short position is still massive. Since most of the shorting was in the $21-$22 range. The commercials generally take 4-6 weeks to buyback their shorts and will likely take $4-$6 off silver from its high of about $22.25 before the market bottoms and the process starts all over again. Meaning with the rise of silver the shorts start shorting again. This has been the pattern the last three years and has resulted in lower highs and lower lows. Which is what is called and bear market and downtrend continuing.
Whats is inaccurate. The short position keeps increasing when silver is rising until the position gets high enough to stop the advance. Had no paper shorting occurred over the past few weeks silver would of rose $5-$7 not $1.50-$2.50. Now that the uptrend has been stopped. Not the game is to get HFT to trip sell stops and cause the cascade down. Where once silver drops low enough the commercials will start to cover. Its pretty much the market over the past ten years and especially the last three.
No its GM 805,769 inventory the end of Feb, compared to 780,140 the end of Jan a new record high post BK GM.
Ok, so are you telling me the people reading the COT report are all wrong then. People like Ted Butler, guys over at silver doctors, harvey organs daily report just to name a few.
First of all the paper market could careless about any physical silver. Second at 194 million ounces currently paper short by the commercials. Which is about 28% of the world mine supply for a full year. I would not consider that not to be huge. Of which about 100 million was added in the last few weeks.
now have the ball rolling the other way. Would not be surprised at all if silver is not under $20 by weeks ends.
Get ready for the big smash starting this week. The amount the commercials are short can easily put silver under $20 and down to sub $18.