Not to say its good or bad, different ways to look at it. One of course the shorts are covering because the price is about to move higher. Or with the over supply of physical silver we are currently in. Shorts are able to get physical to close their naked unback shares out.
Not to rain on your parade but silver has been in a long term bear market downtrend since 2011. It broke that trend back in mid 2012, but then continued the downtrend later that year until present date. To break that trend silver would have to move and hold $25-$26.
Today hopefully silver and gold rally. I plan on shorting some SLV shares and some miners. The numbers will show in the COT report who's cut off date is today, the commercials are doing the same to hold silver down.
heading the way. Its coming boys like I said a few weeks back with the increasing commercials short position. Silver peaked out at $22.20 and has lost $1.35 already, the trend is down so you may as well wait for much lower prices over the next few months. One day rallies should be sold and I would actually start shorting mining shares and SLV shares. May as well join the manipulation party.
Do you finally see how silver is manipulated and how the paper market controls the price. Which that market is controlled by JPM in silver.
By watching how the commercials piling into shorting silver in the paper markets. One can easily see when silver is close to ending its upward trend. Now that the trend has been stopped and reversed to the downside. One has to look and see the short position is still massive. Since most of the shorting was in the $21-$22 range. The commercials generally take 4-6 weeks to buyback their shorts and will likely take $4-$6 off silver from its high of about $22.25 before the market bottoms and the process starts all over again. Meaning with the rise of silver the shorts start shorting again. This has been the pattern the last three years and has resulted in lower highs and lower lows. Which is what is called and bear market and downtrend continuing.
Whats is inaccurate. The short position keeps increasing when silver is rising until the position gets high enough to stop the advance. Had no paper shorting occurred over the past few weeks silver would of rose $5-$7 not $1.50-$2.50. Now that the uptrend has been stopped. Not the game is to get HFT to trip sell stops and cause the cascade down. Where once silver drops low enough the commercials will start to cover. Its pretty much the market over the past ten years and especially the last three.
No its GM 805,769 inventory the end of Feb, compared to 780,140 the end of Jan a new record high post BK GM.
Ok, so are you telling me the people reading the COT report are all wrong then. People like Ted Butler, guys over at silver doctors, harvey organs daily report just to name a few.
First of all the paper market could careless about any physical silver. Second at 194 million ounces currently paper short by the commercials. Which is about 28% of the world mine supply for a full year. I would not consider that not to be huge. Of which about 100 million was added in the last few weeks.
now have the ball rolling the other way. Would not be surprised at all if silver is not under $20 by weeks ends.
Get ready for the big smash starting this week. The amount the commercials are short can easily put silver under $20 and down to sub $18.
Ideal numbers came out this past week showing a surplus of around 200 million. These numbers I believe were at gold silver dotcom, silver doctors of silver for the people, can't remember. Don't get me wrong I am all in on buying silver as a safe haven and investment. However I am not one to cheerleader and tell people silver is going to the moon. The commercials are short some 200 million ounces in the $19-$22 range and they will not loose money. We may have a spike in silver and gold tomorrow but don't kid yourself the crooks will be in there shorting like made. One will know if the shorts are caught if you see silver up over a dollar and gold $30 or more. But even then they will likely not cover all that much.
ideal the problem is thats what the silver bugs said at $30, $26, $21 and $18. Currently we have a surplus of about 180-200 million ounces. Now thats somewhat misleading as some investor sales of coins and bars come out of that number yet, but not 200 million. Basically the world is producing to much silver for a shortage. Not to say at times eagles and other pieces are hard to come by from time to time. Heck comex silver inventories have ballooned to 182 million ounces over the past two years. If there is such a shortage where did the 90 million ozs come from. Back two years ago silver dropped down to about 85 million ounces and the comex gold silver ratio was about 7:1 silver to gold. Now its ballooned out to 26:1 as gold inventories are around 7 million and silver 182. PEOPLE HAVE TO UNDERSTAND JPM IS NOT SHORTING MASSIVE AMOUNTS OF SILVER AT $20-$22 BECAUSE ITS GOING TO $24-$26. THEY ARE SHORTING IT BECAUSE ITS GOING TO $16-$14. I said the same thing at plus $30 silver at $28 silver at $26 silver at $21 silver and $20. In a few months silver will go into its weakest time of year May through September. If silver is still in sub $23 area, its over $15 is in the cards. JPM is laying the ground work to make millions by shorting paper silver in the $20-$23 range, bank on it. I would not buy one ounce of silver until late summer into fall.
shorted in the paper markets by the smart money commercials. One can see the direct effect of massive and unlimited paper shorting friday. Worldwide problems everywhere, Russia and US at each others throats. Mainstream media reporting on the fixing of the gold price over the past ten years. Dollar getting hammered under 80. Yet gold and silver in smashed. People you are not going to win against the paper crooks. Silver will trade back down to $18 atleast and gold below $1200. In gold the commercials shorted 25,000 contracts just this past week. Currently the commercials are short over 200 million ounces atleast and maybe close to 250 ounces after this past week. With that amount we may see $15 silver and sub $1100 gold.
All we need now is CNBC to do the same. Of course they will just laugh about it and brush it off as lies. But atleast its out there.
There is manipulation at its best. If the dollar was up what it is currently down .42, gold would be down $15-$20 and silver would be off .40-.60.
Yes you are correct they deleted the names, one more has taken the deep six since. I believe it was from JPM he was 39.
Yes I agree I always believed if and when they got FDA approval the drug would sell its. A friend of mine daughter used surfaxin in its clinical trails. It was the only product that worked on her. He bought tens of thousands of shares, but lost his #$%$ with all the rejections. Eventually he sold the stock for a loss after FDA approval and the delays.