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the reason i didn't sell was because of the report last week about canadian bullion bank Scotia Mocatta showed that 25%, yes 25% of scotia's silver was moved from "registered"[or deliverable bullion] to the "eligible" [ or undefined] shelf. wowzer....25% of this banks silver is off the market!!!! NOW IT IS BEING REPORTED THAT THE COMEX IS CONFIRMING THE SAME THING "THIS WEEK" AS 20% OF THE 41 MILLION OUNCES AVAILABLE LAST WEEK HAS FALLEN TO 33 MILLION OUNCES THIS WEEK!!!!!!!!! PEOPLE ARE EITHER BUYING OR AT THE LEAST ARE REMOVING THEIR SILVER FOR SALE!!!!! WOWZER WOWZER WOWZER. I'M BUKCLED IN FOR THE RIDE UP!!!! should i credit the folks who reported this info??? is this allowed moderator?????
still trading up in after hours. haven't seen it trade this long after hours before
wowzer, up 13.60% today...glad i didn't sell and trigger a tax event @ 15% rate! up higher now than before the raid on monday and tues!!!!!
oh my god.....the rgno scam artists made their money the same way these current scam artists! phoney press releases...selling shares into any run in the stock price after the press releases. same scam....no business, only a printing press. of course the names have been changed to protect the guilty...the ex-wives...the children and of course rickey. who owns the laundromat to wash and rinse and wash and rinse and wash and rinse? yep nobody made any money...not amne...not rickey p. not rgno.....question? how many shares and at what average price did each of these fine companies connected here, sell?????? how much monies did each take in? hundreds of thousands of dollars...a million dollars? "rgno did not make 1 penny on the transfer of shell [wrong not a shell] to rp look at the contracts and you will see the truth." RGNO wouldn't need to make a "penny" on the transfer......they made theirs selling 100"s of millions of shares in a "shell?" unbelievable!!!!!!!
hcotton, yes the chart looks very sickly. agree with your other thoughts as well. am waiting for sub penny prices before even looking to buy here.
ouch...under water already...now at .0131
etf_ta...oh so very true. when an economy is based on debt for growth...debts must grow. now after all the greenspan bubbles and collapses again and again there is nothing left for the consumer to pay the debts. massive collapses of debts by the average consumer is now leading to collapses in business debt also. falling debt in an economy based on debt is nothing short of deflation...deflation...deflation. i'm of the belief that the fools running this program ran the price of oil up to create inflation [oil touches everything]. however, the horse is already out of the barn, all the fools did was make matters worse since the consumer has no more money to give...for debts or high priced oil. whats going to happen when people catch on to delay purchases because that product will be cheaper next month. example: why would anyone fill their gas tank full today, when two days from now the price of gas will be cheaper?
i don't think so...the firm that suspended him is a large hedge fund, aren't they?? also he is a russian national and has citizenship here...sort like a double spy...maybe???? either way doesn't look good for the average person, what with all the elephants in the room.
well...at least they put the tarp monies to good use...lol
"the bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways" hmmmm.....but goldman sachs would never, never, ever, use it to manipulate markets???? right???? oh why do i get chills the more i learn about this?
these folks are looking more and more rattled as time goes on.
i'll go with the story about stealing GS trading program as the reason. not buying the opppps, we just happened to leave the largest trader/bank off the board...lol
in cno @ $2.40 at 10:05 dip, chart just looks the strongest, do you guys know what your doing? lol
ronnieD...on i think wed. last week there was no feed for $rifin for about 1 hour to 1 1/2 hour after open. yet faz just kept falling...at that point i sold out of faz and am waiting for another entry. even scottrade didn't have an answer, just the classic cover their butt answer. and yes i have noticed this ever since, during these periods the $rifin just leaps up and up and up.
nice post etf_ta...well said
oh pray tell, then why are you here 40 times a day???? with the same mindless banter about dow 10,000. aren't you on the wrong board? aren't your looking for fas?????? are you just confused???? inquiring minds want to know.
very valid point options1229....any thoughts on when it will be save to go back into the water?...lol
nobama...i like that. yep, obama is a no show on the leadership front. he was off blathering somewhere about green shoots or green wind mills when the senate took up the vote about bk judges having the power to rewrite mortgages so people could stay in their homes. bankers one/obama zero. in this debt based economy, the bankers are turning into their own worst enemy, every debt cancelled is magnified x10 by the side bets the bankers have placed on the debt instrument in question. deflation...deflation...the only thing showing any inflation is the federal debt. anyone buying those "buy one get one free" items that are springing up everwhere? yipers, a 50% haircut on the price of the item, are the manufacturers trying to tell us their cost of supplies have dropped say 60%?
meanwhile back at the federal reserve, they got cat scratch fever for inflation...INFLATION....INFLATION....ben huffs and puffs and yet the bubble keeps deflating. 800 billion bailouts is supposed to be inflationary, yet that money is taken right back out of circulation when the bankers bought the treasury bonds....and now they are selling those to raise monies to pay back the loans.....what happens to yields when those hit the market?????
yes...and i went to their website and could not find anything about a reshuffle of the $RIFIN index. maybe we should go to work for scottrade...we seem to know more than they do...lol
who knows what caused that...scottrade covered their asses by saying everyone had the same feed {or lack there of}. i think the russell index boys got someone out of retirement with their adding machine and are trying to force feed data by hand and human brain power {old school}. we had a feed straight to $RIFIN 621.90.....lol
citi group admits they have no clue as how to buy or write a mortgage and suspend mortgage operations until they do get a clue. citi group up 2.5%...do we laugh or cry?????
it gets better..1best...scottrade has no data feed for the russell 1000 financials [$RIFIN]today. e-mailed scottrade support and all their sources show the same feed...yesterday's close at 610.16 on the $rifin index. shooting in the dark on fas/faz today...i bailed earlier this morning
thanks etf_ta...i see that clearly on the charts now....think we may retest 618.83 on the $rifin at least a couple of times?
thanks
whoa...even a blind person could here the falling knife of $rifin today...and side step it and who bought in on those tiny rallies that were sold into relentlessly?
princeton/harvard...the same education...same thinking, same box, twins in brain wave actions
ohhh my, dow down 15, faz down 20....we doing real good here...if we tracked the dow shouldn't we be down 45????? you do know we track the russell 1000 financials don't you? if not you need to do some serious reading over the weekend....lol
exactly....not collecting benefits...you don't exist...this is so phoney as to be cruel, employment appears to be going up when it is really people being dropped from the benefits line.
agree moores2009....i'm watching the bond market to see what the true cost of healthcare will be. here in california we are feed the same nonsense by politicos, newspapers and t.v. about how they will cut 900,000 children off healthcare, cut teachers, books and then raise our taxes more!!!!! not one word or discussion about cutting anything else from the budget....raise taxes...cut healthcare for kids....raise taxes....cut teachers...raise taxes....cut books....it's like living in a real life "groundhog movie". after the voters by a 75% majority rejected any new tax increases, these clowns in sacramento are still talking upping taxes. calif. state treasurer says we are broke in 30 days, no cash. these fools to my knowledge have not laid off one state worker yet, while the debt mounts like an a-bomb cloud...groundhog day II starring "ARNIE" as the governor and a special appearance by bill murray as the calif state treasurer repeating over and over "no cash in thirty days" "no cash in thirty days"
droll7...i really fear they have lost control...inflation is what they really need...but appears they will never get. one mortgage default creates more defaults to the power of ten, draining wealth and money from the system. out of control deflation is as bad as inflation. would we be looking at armed unemployed workers who's benefits have run out running up and down the streets looking for any scrap of value anywhere they wish, whenever they wish???? the talking heads say there is no business credit to be had, how is a business to expand, does it want to??? what price does one put on an item when the price is falling....do you buy supplies now or wait for a lower price next week? when your supllies cost xxxx one week, however the next week you can only get xx for your finished product, how long before you close shop???
yep...always read and heard they are the most corrupt bank going.....15 minutes to go $rifin loosing ground
j.p. morgan is at ground zero in the debt crisis....now i know why jpm was allowed to steal washington mutual for 1.9 billion....unbelievable....in overdrive trying to cover their markers
last half hour...how many want to be left holding worthless financial stocks
~1Best~...thanks for tweaking my brain cells lately...have been doing deep reading last couple weeks and now see that these times are like no other...not with 550 trillions in dirivatives hanging over the financial sector. 550 trillions of dirivatives{debt}, mortgages{debt}, credit cards{debt} all being cancelled by default[ one debt cancellation creates another debt cancellation, as the dominoes fall ]. without the massive debt[wealth] boom there is no growth, no houses needed, no cars needed, no jobs. as the master of the great depression can "benny" halt the slide to the bottom? he claims to know how. but did they have dirivatives in the 1930's and if so were they 10 times the total value of all financial stocks combined? every mortgage default creates a chain reaction of debt cancelation removing more wealth{debt} from the system, how are is this wealth to be replaced???? i have no idea. is the system nothing more than an inverted pyramid?
550 trillions in dirivatives{debt} at the top and only 55 trillions of motgage{debt} on the bottom of the inverted pyramid. the whole system is based on debt, in what way and by what figure of massive debt creation can the big "ben" float the sinking ship? inquiring minds want to know...sorry for the long post...anyone please chime in......thanks
~1Best~ i fear we have entered a massive deflationary period.
it has been said we have lost about 25 trillions in dollars of wealth in bonds, stocks, payrolls, ira's, pension funds and real estate. the fed boys have pumped aprox. 12.5 trillions into the black hole with no effect at all. example: the banks have gotten 100's billions of bail out monies and then went out and purchased u.s. treasuries to shore up the balance sheets of the banks. this is not inflationary and does nothing for the working economy, in order to have helped in the slightest the monies needed to be lent out, however who is going to borrow any more monies at this time. the tazmanian devil in the box is the aprox. 550 trillions in derivatives, of which aig has aprox. 330 trillions on their books. when reality hits watch out.
mtcinc0....i agree that watching oversea's markets are a much better indication of tomorrow's action....to many failures with watching the futures.....thanks for posting this info
whoops...fell out bed it did....watch $rifin fall....go faz
whoa....s&p downgrades banks, not g.s. touting bac as a buy, not citi touting gs as a buy...simply amazing that anyone anywhere would allow any bank to upgrade/downgrade any other bank for any reason...simply criminal what has taken place these past few weeks.
@ 16:45:19 500,000 shares of citi cross the wire @ $91.70...then again @ 16:45:37 1,500,000 shares trade hands @ $91.70....what???
oddest fat finger i have seen....maybe a payoff to a very large hitter
$RIFIN only .50 off low of day...bac only 1 penny off low of day...citi at low of day...aig misses low of day by .0001
will $rifin close at new low of day???
$rifin closed under 20dma at 641.21 yesterday, 50dma at 611.38, there is no real support until 555