Since my drivel has been dead on probably a while now. Please get out of your mothers basement and stop reading the silver to the moon drivel from KWN, silverdoctors, Morgan and Butler to name a few.
The difference between you and me is I believe silver in the near future will be worth more than most people can imagine. That being said this price suppression game could go on for another 3-5 years. As for the price over the past few years and last six months one can easily read charts and follow the weekly COT reports to see the massive shorting going on in the paper markets. The problem most silver investors and so called guru's make, is they believe physical buying or shortage will change that. That's why these so experts have been dead wrong. The only thing that will change is if the big commercials stops shorting hundreds or millions of paper silver. People just don't grasp how the silver price setting mechanism works. Counting retail silver sales on some site which sells silver is not a sound method to determine price setting. When the crooks allow the price to break free that is when silver will rise rapidly not until. Perfect example the mint stops selling silver eagles and the price continues down. This all the while sellers of bullion jack premiums up to screw silver investors. Paying 15-25% over spot silver price is plan stupid and not wise investing. Only people getting rich are futures traders and bullion wholesalers and silver sites peddling their commentary on silver to the moon garbage. Mean while stackers get hammered in premiums and propaganda by so called silver guru's. Simple math tells one if you pay $20 for silver and it goes to $10. A drop of 50% means you need a increase of 100% just to get even. Of course you can play the cost average game over the past four plus years. But don't worry the crash is coming and so is $100 silver as soon as cars run on water.
selling into the silver manipulation price setting futures rigged game. Investors should not waste their hard earned money investing in miners.
Selling into the crooked game and markets. Investors should not waste their hard earned money on miners.
I have been informing silver investors since the middle of Feb when silver failed at $18.50. Now that $15.50 is soundly behind us. Support again comes in at $13.50 which was last seen in 2009. After that its $12.50 and if that occurs sub $10 silver is very likely. That would basically retrace all of the bull market move from 9 or so to 50.
By the looks of things there are a great deal of unsold vehicles. The trend is not always up and in the not so distance future layoffs will pick up as many have happened already in the last year. There are only some many cats and dogs with no credit that can get a car loan.
With a glut of alum. and stockpiles of cars from automakers through out the mid west and china. How long can the auto industry keep producing cars at the current pace. Which inturn will effect AA.
says in a article up on their site. 9th quarter in a row they have book over 100 million in restructuring charges.
accepting orders for awhile.
Yes we have 20 years of silver left in the ground. Currently the price to get it out of the ground is about $16 and some change all in cost. That is down from about $23 a ounce a year or so ago. Which was down from $30 a couple years ago. I will admit $15-$16 is probably rock bottom. Yes costs will rise in the future but usages may also drop in the future.
Well as is always the case the shorts win and keep pushing the price down, now going on 4 plus years. Problem is many people say that's great I will buy more. Only problem is where is the bottom. Also when and if a bottom is put in what does it do trade sideways for 20 years. Also if ones collective investment needs to triple or more just to get even that is not sound investing. I don't care what you invest in.
I agree myself and some fellow investors have been waiting on the sidelines for a few months until the shorts get their way and they will get their way, they always do. The shorts have never lost money on a trade its 100% in the last 7 years.
That equates to 81,500 contracts and you wonder why silver can't rise. The short position is 50% of the total mine production in a year. No other commodity comes close to that and silver is not manipulated. If we don't break down to $11-$12 on this news it will be a miracle.
No I just know what events the crooks use to smash gold and silver. You sound like a educated person if you have been in the PM markets as long as it seems. You should be better informed.
Vote. We will set a new 52-week low between 6 tonight and 9 am tomorrow. Good chance silver breaks below $15 in the spot market which will cause a spike down as the two year old $15 floor will be broken.
Yes they never lose so that tells you pretty much its a rigged manipulated investment, silver. So its pretty much a given the price will go much lower consider much of their shorting was in the $16-$17 range.
This information is over at silverseek dotcom. A piece out by Ted Butler this weekend. That's amazing how JPM and other commercials have a perfect track record when shorting silver in the comex. HOW IS THAT POSSIBLE, where are the regulators.
Well fellow stackers hold your cards tight and keep your powder dry for cheaper silver the next week or so. Let the crooks bring the price down and look for good deals. Plenty of places to buy silver on the cheap over spot.
Deal one reason why short interested grows and probably the main reason is the fact physical metal is not available so to offset that the crooks short shares. The question always is how do you short a physically backed ETF with no metal. For example if your a buyer of say 100 shares of SLV or 100 physical ounces. If the metal is unavailable you simple short 100 shares back into the market giving the illusion the metal is backing the shares when its not. As there is a buyer for every seller shorting 10's of thousands of shares into the market all the time matches the buyer and seller. When metal comes available the crooks buy back their shorts. So the question must be asked is the SLV inventory 317 million ounces or 297 million less the roughly 20 million shares naked short or unbacked. Or is the inventory 337 million ounces basically meaning 20 million ounces need to be deposited to cover the naked shorts.