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.
Its amazing how wall street cheerleaders keep leading people down the road of lies to keep the bubble going.
will continue for awhile until the commercials start to cover. Probably need a $2 drop from here to start that process. Any up days like Monday will be met with more shorting to keep the price in check and pressure. In the end the ability to short unlimited amounts of paper silver and having unlimited funds does not point to a bullish picture for silver over the next 2-4 months. Still believe a washout later this fall in the $10-$12 range will signal the bottom.
Talking about miners is a mute point in reguards to all in costs. As the #$%$ keep increasing production and do nothing about the manipulation of their product, silver. Talk about people with their heads in the sand.
Like I said get your head out of the sand pile. Do you think Gainesville are selling engelhard bars .19 over spot because silver is going higher. No they want to move silver and discount it to do so because its headed lower. People have to understand that these wholesalers play the futures markets also and are well aware of JPM short position.
Whatever talking to you is like talking to a teenager, who knows everything.
No I reak of taking opportunity of another's crooked game. Being poorly informed opposed to being well informed makes one a wiser investors. Get your head out of the sand and pay attention to what and how the silver price is set. It will allow you to stack more metal in the end. Stop drinking the kool-aid of silver going to $100 in the next hour.
As usual you miss the point. For example when I told people on this board when silver peaked at $18.50 back in mid Feb. The short position ballooned to 325 million ozs and the crooks stopped silver dead in its tracks. Silver since then traded down where it bottomed at $15.25 in early March. Currently in has moved from $15.25 to $17.40 where it has been turned back twice in the past week, some .40 from its 200 day MA. This while the commercial short position has jump to 330 ozs, more then mid Feb. Stackers must understand how the game works. The crooks aren't shorting silver at $16-$17 because its going to $18-$19. They are shorting because its going below $14. What I am telling people is to keep buying but use your head and let the crooks bring the market down to us. Now if stackers wish to pay more for their silver, that's their choice. Me I'll wait and pay 15-25% less, its not like you can't get it.
With silver moving up a $1.50 in the last few weeks the shorts were busy doing what they do best. Shorting silver contracts to stop and rally. Boys put a fork in the silver rally and look for silver to get hammered here shortly. Total short position has jump to over 330 million ounces or 66,000 contracts. Stackers stop stacking and let the crooks bring the price down.
The crooks are in total control of the price of silver, isn't that a beautiful investment asset, silver.
I knew that was coming look for the 50 day MA to be broken this week again to the downside. This will trigger the crooks to use the HFT crooks to trip stop sell orders once the 50 day MA is broke and it holds. Just like clock work every time people its pretty predictable.