The ground work the last week or so. The article explains how gold and silver rocket higher in asia only to get hammered down later in the night. This continues in the US markets. People noting is in stone, physical buyers keep some powder dry if the big smash comes.
No the government will not allow it and step in. As was the case with the hunt brothers.
That is not correct I said you would be hard press to buy it for less then $12. A spike low to 8-9 is very possible.
See how the big short position just keeps grinding silver lower. This will likely result in a new 52-week low in SLV very soon. The question is will it be a retest then up up and away. Or the same pattern we have been in the past four years with news lows in silver every 6 months or so. I believe the later as silver will test single digits within the next six months.
Gold will break below a 1000 when they raise interest rates, thats when silver will bottom.
Ideal went to a grain (corn soybeans) seminar last summer. Outside the last five years not including 2014. Corn farmers have lost money every year prior to that since the mid 70', yet they still keep planting more corn and trying to increase yield. The miners are stupid they increase production to raise revenue but their ore content per ton keeps dropping.
That will never happen stop listen to KWN and silverdoctors. The paper game will not fail because of default, it will fail from a physical shortage whenever that happens.
Ideal $8 is probably a bit extreme, maybe on a spike low for a few hours. People will probably be hard pressed to buy physical below $12 considering the premiums involved. My time frame is late summer early fall for a bottom in this four year old bear market.
Who's short are you that stupid that you can't read a chart and trend. When is one short if they point out the obvious trend and bear market. If you want the cheerleading go over to KWN to make you feel better. For pete sake get a grip on reality
In all likelihood SLV will break below that 2006 price of $13 before this bear market is over.
No I said wait til Tuesday to buy. I know how end of month option expiry works and the following Monday always has following through. You have to remember the commercial short position is still very high. So they could easily rig a $1-$1.50 drop in silver from here. Like I said myself no additional physical purchases by me and our investment group until late fall when silver traditionally bottoms.
Also I told physical buyers if they wish to add to their stacks wait until Tuesday this week.
this week when those numbers come out. Its just a big manipulated game people. Every month near the end of the month and employment numbers time.
So you are implying the crooks naked shorted the shares (unbacked) to suppress the price and never intended on covering with physical metal
Well when you have a physically backed ETF to cover shares shorted you need to buy physical metal. The reason they short the shares is because the metal is not available when shares are bought. Thank is how they manipulated SLV. When it comes available they purchase the metal and reduce the short position. This is why many point out its illegal to short a physically back fund when you don't own the metal.
How is it possible the crooks buy 7 million ounces of physical and the price drops $2.50 over those two weeks. These is concrete evidence how the paper manipulation works in the futures market or there is a glut of silver.
As explained already today was a perfect example of capping by shorting and knocked .50 back off silver. People the crooks always win in the end.
Everybody this the past two weeks.