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.
Yeah I have not bought much silver in the last 3-4 months. Also you can see retail demand is way down. Many silver investors are wise to the commercials game in the paper markets. They know lower prices are ahead in the next 3-5 months so waste you money buying silver at $16-$18. The shorts did some covering over the past month on this $1.50 price rally but now they are piling the shorts back on. To me its pretty simple they can do what they want, so let them bring the price down.
Deal just been working living the dream like everyone else. Have not been around much silver is sorta dead in the water. Yeah we this pop above it's 50 and 200 day MA. However the crooks will not allow that to stand for long. This is evident by the off the wall shorting by the commercials last week to keep prices in check and stop the rally. Also it's going to at least 15.50 and they will try to break that support which has been in place for about a year in a half. That breaks we are going to 12.
Get ready for the big silver smash the crooks short the largest amount on record in one week in the futures market. All most 24,500 contracts or 122 million ounces which reversed silver from $17.80 high all the way down below its 200 day MA. Prepare for much lower prices over the next few weeks and don't be surprised if we trade below $15. the crooks did it again with the paper shorting.
You like that skarie. I like the Noah analogy. Time is growing short lower prices are likely but 1-3 dollars on the downside is a good risk reward when one looks at the big picture.
A wise farmer once told me.
Its weekly from Tuesday to Tuesday. Some commercial short positions were covered in this last reporting week.
It does appear a new 52-week low is in the offering. Now the question must be asked is this a washout bottom to 10 or 12 that gets retested later this fall.
Very sad that is so easy to call a direction in the silver market by using data supplied by the CFTC to how the crooked bullion banks are shorting silver by the millions of ounces.
I really don't see a shortage having much effect until a few years out if it even comes to pass. The bottom line here what people need to pay attention to and understand is that the paper futures market set the price of silver. When the crooks are in there shorting massive amounts of paper silver, the price is not going to go up and will stop any rally dead in its tracks. These people have alot of money and are well connected. They are not shorting silver at $17-$17.50 because its going above that. They are shorting because its going down $2-$4 over the next month or so. People come on these boards and tell people silver is going lower and the name calling and bashing starts. As if silver has been going up the last four years and they are telling people its going down, I could see that point while people would get ticked off. But when someone tells you silver is going down and that is what its been doing the last four years, what exactly are people bashing other posters for, IT HAS BEEN GOING DOWN. Its not some big revelation someone is making. Keep stacking but keep stacking at much lower prices thats the smart investors. Don't listen to KWN, Silverdoctors, GATA or whoever telling you silver is going to the moon. That has lost investors alot of money in the past four years.
Talking about the EPS addbacks that accounted for 50% of the .28 EPS. The so called recurring "non-recurring" non-onetime "one-time" charges. Meaning once again this accounted for a whopping 50% of the bottom line. I'm no wizard here but that does not look like a very good quarter. Which I believe they had the same mathematics last quarter. Whatever it takes to beat the number and maintain the illusion, keep drinking the kool-aid people.
Ideal you buy any silver today or you taking my advice. Now we are below the 50 day MA so more downward pressure is very likely. Big coin show up here this weekend hoping silver keeps tanking the next few days.