Its amazing how wall street cheerleaders keep leading people down the road of lies to keep the bubble going.
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.
These how the crooks use the paper markets to cap silver on any and all rallies. They keep shorting until they capped the price. Now they keep shorting to get the price to reverse and move down. The bring in the HFT algos to trip stop sell orders. It happens every time and its like clockwork on silver rallies. The crooks don't want silver finishing the week over $17 and gold over $1200.
Well fellow stackers this is likely not going to be a good week for gold and silver. As the paper crooks will likely be out in full force. With their manipulation game in the paper markets along with their HFT algo's. Whenever the Fed speaks gold and silver get hammered during that week. Not to mention this leads right into option expiry next week. Then the week after the employment smash fest.
What did I tell you people, its like clockwork with these crooks.
In all likelihood SLV will break below that 2006 price of $13 before this bear market is over.
tomorrow to knock the price back down or cap any rally.
INVESTMENT OVER THAT TEN YEARS. Outside a 10 months period when silver went from $17 to $49 its been a bad investment.
I knew that was coming look for the 50 day MA to be broken this week again to the downside. This will trigger the crooks to use the HFT crooks to trip stop sell orders once the 50 day MA is broke and it holds. Just like clock work every time people its pretty predictable.
The crooks are in total control of the price of silver, isn't that a beautiful investment asset, silver.
Talking about miners is a mute point in reguards to all in costs. As the #$%$ keep increasing production and do nothing about the manipulation of their product, silver. Talk about people with their heads in the sand.
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.
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.
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.
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.
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.