Ideal I don't really see a silver shortage maybe some tightness. If a shortage was in the cards the crooks would just drain the SLV of whatever metal they have. Some speculate they don't have all they claim or are many claims on the inventory. I tend to agree with both however I also believe the SLV was set up by the crooks to do exactly what I just explained in case of a shortage.
Every time for the past 3-4 years during FOMC meetings the crooks whack gold and silver. So any buyers of PM should wisely wait til late Thursday night into Friday to make any buys. They will knock the price down so people may as well wait a get better prices. Same goes for the miners they have been capped pretty much the last few trading days this week. Should get a nice opportunity Wednesday sometime.
What did I tell you people, its like clockwork with these crooks.
My friend that's the jist of his subscription based commentary he sells, manipulation and the soon end of it. Which he has been peddling for almost 15 years. It will not end because its to profitable for the likes of JPM and others. Also the US govt looks the other way as gold and silver are direct competition to the US dollar. Besides when the manipulation ends his subscription ends, as that is his man point week in and out.
Don't expect silver to rise much more here. The crooks are piling on the shorts again which ALWAYS results in halting or capping silvers rise. They will keep shorting until they get their way and down we go likely back under once they get the price going down again. Sub $12 is very likely late summer early fall this year. This thing is nowhere near washed out on the downside.
that time comes. People you are wasting your hard earned money. The commercials are currently short 325 million paper ounces. Which in the last few weeks has grown to help cap silver below $18.50. This has succeeded and now silver is starting to correct back down. Soon to break below its 50 day MA. The commercials will keep shorting silver if it rises from its current levels. This shorting will continue into late spring until the traditional summer sell off starts into October. This is when silver will break that $10 level at may trade down to $7.50 on a spike lower. Holders of current metal may wish to sell metal at these levels and re-buy back in the market at much lower prices. Or simple hold current metal positions and cost average later. However I would not be a buyer of metal above $12.50 spot price. Meaning probably $14-$15 retail price. Be careful here people the silver guru's have lost people a lot of money in four years, no sense losing more.
Don't listen to these idiots claiming this garbage. That has been widely debunked by many in the silver community. The Comex has plenty of silver in its inventory as does SLV.
production for one year. JPM is short 20,000 contracts at 5000 ozs per contract. So they hold almost one third of the paper short position of 100 million of the 326 million.
A nice pc out today over at silverdoctors confirming the impending silver and gold smash coming. This pc mentions Ted Butlers analysis on the massive commercial short position. Which has been growing over these past few months. To a point where it capped silver at $18.50 right at its 50 day MA
Its coming people prepare for lower prices. Commercials are not shorting at $16-$18 because we are going to $20. We are going back to $14 or lower.
and breached the 50 day MA. Once again the crooks win and have knocked $2.00 off silver in the past few weeks. As I warned people to wait and not buy any silver until lower prices. Now the question is when do they get silver below the 50 day MA and will likely retest sub $15 before we see $18 again. People the trend is down and has been for 4 years, don't try fighting the crooks. That has not been a smart move in four years as people have lost a lot of money buying silver.
We have been getting pull backs for almost fours years. The crooks have total control over the silver market, reguardless of how much physical metal is bought up. They put the price where they want it and cap it on any rally.
Everybody this the past two weeks.
Ideal I agree the more people buying the better it is for all silver investors. As currently it is a small part of the total investment community. Simple math tells one if you just take 250,000 silver investors worldwide buying 100 oz per month on average. That's 25 million ounces a month, the system could not handle that sort of physical buying for many months. Price action and the availability of physical tells us we are not at the point. Worldwide mint sales are probably around 100 million. what others sales are from bars and rounds. who knows. I would guess investment demand around 160-180 million.
What did I tell you stooped silver dead in its tracks today and it dropped .70 in about 3 minutes from $18.58 down to $17.90 and never recovered it back. The constant shorting has stopped the rally and silver will slowly start the move back down. It happens every time with any rally people should be more aware of this trading pattern. Friday is the actual day I see a big down day. The crooks will try to get gold under $1280 and silver $17.50.
People don't grasp what a strangle hold the crooks have on the silver market. People get all excited because silver is up a $1 in a week. I was at a coin show this weekend with about 60 dealers. The giddyness of them because silver was up a bit was laughable. I just shock my head and said don't get to excited its going to $12. Then I got the blank stare and the comment no way. I said that's what they said at $30, $28, $26 $22 $20 $18 $16, I think you get the point. Looking at the chart the crooks will likely let silver rise into the 19 maybe 20 dollar range. By then the paper short position will be in the 300-400 million range and SLV short position might be in the 24-28 range, currently about 17 million. Its coming people so don't get to excited about a $1.00 rally.
Well I would be more inclined to believe the likes of David Morgan and Ted Butler then some poster on a yahoo message board. They can convert registered to deliverable. Like I said stop listening to KWN, James Turk and this Mcguire character. The cheerleader group has lost silver investors alot of money the past four years, don't you think.
Well to be honest many people are not aware how manipulated silver and gold are and even if they are they don't understand it. People invest in hard assets because basically its sound money. With silver anyway one can make a pretty good argument one would have to be nuts to invest in a market so manipulated by the fed,CFTC,CME and big banks. They will simple never allow silver to rise to its true unmanipulated value and they have plenty of tricks in their bags to stop any rally.
Sounds goods at least you saved a $1.50 or so. The crooks do it every time. Run the price up and get people excited, then fleece the sheep. I still believe silver will not bottom until this fall in the $11-$12 range.