Talk about a increase in a equities short position. In two week HL short position went up almost 50% or 10 million shares.
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.
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.
Shake my head at this ponzi scheme.
Retail buyers are handing a investment gift to anyone willing to take it.
You have to wonder when the smoke and mirror game ends and how bad will it be when it does.
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.
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.
Actually not really there is plenty of silver to go around. People need to stop listing to places like KWN, Silverdoctors just to name a few. People confuse shortage with minting delays because they can't produce enough minted coins in a short period of time. If there was a true shortage silver would not be at $16-$18. In any event the crooks have built there short position back up over this past month in the paper markets. So a smashing down under $17 is very likely soon. When the short position rises by the commercials that has never been bullish for silver. Ounce they get up or near 300 million ounces short that is usually the place where silver stops going up. Then they use a catalyst like a FOMC meeting, employment report or options expiry to spring the snow ball to start rolling down hill. Not to mention the addition of HFT to add fuel to the fire. Watch this week into next as this scenario plays out again.
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.
Well boys it appears the crooks started right out of the gate last night and today. Its pretty simple every FOMC meeting and option expiry the smash starts. Its actually a easy trade especially if silver has run up like it has the past month. Silver didn't like that 200 day MA around $18.45 and a good amount of resistance in the $18.40-$18.75 range. Hopefully the 50 day MA holds on this downturn or lookout below. Well the ball is rolling downhill now and most shorts won't cover until we get at least a $2.00 drop.
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.
That's great I'm up money also but I am certainly not charging out this week or next buying PM. When 95% of the time the stuff I mentioned in my original post cause prices to drop alot. I'm just trying to inform people what is very likely to happen from what has happened in the past. If you wish to buy that's great. I would rather save a few dollars. Its not like the silver won't be there to buy in a week or so.
What did I tell you people, its like clockwork with these crooks.
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.
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.
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.
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.
Not much to get its pretty simple. The commercials/JPM keep shorting massive amounts of paper silver and gold until they stop any rally. This has been the pattern for many years now. Then they keep shorting until it breaks the other way and down she goes. Then use something like option expiry, FOMC meeting, 11% margin hike by the crooked CME and of HFT to trigger stop lose targets and MA to the downside. Its pretty much a unbeatable scheme.