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Good one!
Keep posting it, eventually there will be more than a few people here reading the posts
Cheers \_/
They have only started putting it together, there will be a tracking #
Yes
Via email and that link in your account
They printed the label for mine lol
That's a long walk! How many gallons can you carry for 30 miles?
Cheers \_/
Oh I had a feeling lol
Unit? Lol... it's all about the water IMO
9V battery, good piece of silver, and yes the right water. Fairly straight forward IMO
Cheers Buds \_/
+ almost .30 now, puts me back to even on the order that has not even shipped yet! They have never been this slow before, I wonder if they are getting loads of orders? I bet they are at these prices...
Cheers Buds \_/
Now the question is bottom in or dead cat bounce?
I'm still thinking dead cat Lol... but if not, cool!
Cheers Buds \_/
JPMorgan Holds Lowest Silver Short Position Since 2008
This is an excerpt from Ed Steer’s latest commentary in his daily gold and silver newsletter. In it, he refers to Ted Butler’s weekly COT analysis which is accessible in Butler’s premium service.
The Commitment of Traders Report for positions held at the close of Comex trading on Tuesday were about what I was expecting in Silver, but rather disappointing in Gold.
Commitment Of Traders Silver
In silver, the Commercial net short position declined by a hefty 6,792 contracts, or 34.0 million troy ounces. The Commercial net short position is now down to 16,767 contracts, or 83.8 million troy ounces—and within spitting distance of its late May/early June record low.
For a change, it wasn’t the Managed Money traders in the technical fund category going short that caused the decline, as they actually covered 1,638 of their short contracts during the reporting week. It was the small traders [the Nonreportable category] that were involved, as their net long position declined by 4,702 contracts. Ted Butler says that it appears that the Managed Money is all full up on the short side — and all of this week’s improvements came from these Nonreportable futures contract holders, plus Non-Commercial traders other than the technical funds.
Ted Butler also mentioned that JPMorgan’s short position in silver is now down to about 11,500 contracts, their lowest short-side corner in the Comex futures market since taking over the silver short position of Bear Stearns in 2008. And not to be forgotten in all of this, is the equally extreme short-side corner in the Comex silver market held by Canada’s Scotiabank.
Commitment Of Traders Gold
In gold, the Commercial net short position only declined by 11,924 contracts, or 1.19 million troy ounces. I was expecting around double that amount. The Commercial net short position in that precious metal now stands at 6.43 million troy ounces.
The big changes were in the Manged Money category, as they sold an additional 3,232 long contracts—and bought 6,933 short contracts. The small traders in the Nonreportable category also pitched 4,278 longs in addition to that.
Of course, standing there buying all the long positions offered in both metals, was JPMorgan et al.
Ted Butler was rather surprised to see that there was no change in JPMorgan’s long-side corner in the Comex gold market, as it remained around the 25,000 contract/2.5 million troy ounce mark. Ted also remarked that the Comex futures market showed major improvements in platinum, palladium, copper and crude oil, as ‘da boyz’ continue to game the technical funds into extreme positions on the short side. The only big exception is the dollar index, where the technical funds are holding monster long positions—and JPMorgan et al are mega short.
And, without doubt, we’ve seen more improvements in the internal structure of the precious metals since the Tuesday cut-off—and also without doubt, we’re back at, or below, the record lows set back in late May/early June. And we’ve exceeded those lows in both platinum and palladium, as those two metals have been savaged during the latest engineered price decline.
Once again we have to contemplate the subsequent actions of JPMorgan et al, as all these shorts look to cover during the next rally—and in the dollar index, it’s the opposite. Will they let the technical funds off easy once again, or will ‘da boyz’ just put their hands in their pockets?
And as Ted Butler and I have said countless times that, and only that, will determine not only how high price rise from here, but how fast they get they get there as well. Nothing else matters.
Are you buying this down Bert?
I am going to watch for another $1 drop and I'm pulling the trigger again! That would be a $1 from $17.48 not fare off now IMO
I pulled out a stack of 10 oz sunshine bars last night and I had labeled them $40 an oz Ouch! Lol... but hay it's hard to stop sometime when your on a silver stacking binge
Cheers Buds \_/
Well I figured if we were going to catch this sword we should at least find the best deals lol
That's right everyone has a plan, right up until that first punch in the face lol
Oh that's a good one, yes you just got the last ounce! Turn off the lights lol
I'm already seeing premiums go up!
Cheers \_/
I think there a good deal
Cheers \_/
I loaded last night!
Cheers Buds \_/
It puts a big smile on my face, so I don't notice the time.
Cheers Buds \_/
no your right. I could have got a box of MRE's then I could just sit around watching Americas got talent! Lol... is that even still on?
I have personal altered the way I think and live and it's not based on what might happen, it is solely based on "Life is short and I want to do something no matter how small" I feel good when I get home no matter how bad work sucked Lol...
I don't buy a lot of stuff anymore, re-purpose is a big theme around here and it's not that we don't have $$$ we are learning to love to live without it.
I feel like I'm just rambling but I'm really enjoying responding to your post! Lol...
Cheers Buds! \_/
I'm still in a holding pattern, stack is big enough for now
Cheers Buds \_/
P.S. should be interesting in time!
Sh!t I don't know! Really don't know what to do about it! or even if I should care but I seam to!
The world has changed and I feel that I'm personally better off staying in my own little part of it Lol... takes to much effort to police the world sorry.
Now what was your post about?
Cheers Buds \_/
What gold would that be?
That's to much $$$ for 25 oz IMO
Check this: http://www.jmbullion.com/1-kilogram-johnson-matthey-silver-bar/
Pay by check $610 for 32.15 oz and free shipping.
Cheers Buds \_/
Happy Friday stackers!
I have been doing some DD tonight and have come up with a few lines I would like to share with everyone.
09/26/2014
1) hedge funds shorting gold and silver against a strong dollar
2) shorts on Comex, which is back in record oversold territory
3) analysts encouraging fund managers to sell gold are mostly working for the investment and bullion banks, and it turns out that their traders are buying it, closing their bear positions.
4) So the swaps have reduced their net shorts by over 60,000 contracts (190 tonnes) over the last five weeks
5) over the last five weeks they have bought back about 200 tonnes, which added to the swaps makes nearly 400 tonnes, bought over the last month-and-a-bit by banks whose analysts are mostly encouraging the public to sell
6) This does not mean that gold and silver won't go lower next week
7) more difficult for the bullion banks to close their shorts
8) the weak hands have now mostly sold
9) growing physical demand for delivery
10) Comex is pricing silver futures too low to reflect genuine demand, and the price will struggle to go lower
These were all key points and I'm looking for anyones take that has been doing there DD as to what they think about these one line statements I have pull for articles.
Cheers \_/
P.S. Has anyone seen Lady?
Dumped loads @ $34 and have been re-loading from around $20-$24 area, picked up a bunch at $18.80 and some for free as well but that is a long story
I have never acquired anything with $$$ that couldn't just disappear! also holding out big funds for under $15 if it feels it needs to go there.
Cheers Buds \_/ P.S. should be very interesting either way IMO
I have been around this stuff for a while now and would like to say that I don't think your a basher! Your a PLAYER! I like to be a silver bull but I'm not a perma-bull! so IMO your view is very refreshing even though every $ it goes down I loose thousands of $$$ I to will more than make up for it at the bottom.
Cheers Buds \_/ and Happy Friday!
That is a good question, there are probably a hand full of people in the world that truly know the answer and I am not one of them Lol...
I am going off of years of my own DD linked with knowledge of underground world affairs, I wouldn't even be playing in this game if I didn't think that some day down the road this will be life changing! But there is also know way that I would ever advise someone to buy or sell on my take either, it's almost craze that I do Lol...
So for me the questions isn't if it will shoot up but rather how good of a deal can I get before it does? for me that is the real question.
Cheers Buds \_/ and thanks for the link!
My wife has been gone for a week and I really don't know were she is at, do you remember what I said she does for a living?
They have not let her in but she knows were it's at just in case.
Cheers Buds \_/
Well lets see, price is back inside the BB bands, RSI MCD & CCI are still over cooked (Could see a bounce, but I doubt it) moving averages have moved into the DEATH CROSS! that's never good IMO well at least if you have the kind of stack that I do Lol...
So it looks like a major down trend fueled by the rise in the USD and we all know that cant last, so when we get to the $14.80 range I will double up!
Side note in this game of musical chairs:
Really torn here, I think it could fall way more, but I really want to place an order as well! Lol...
I'm going to be the hold out and at least wait until Friday.
Cheers Buds \_/
I put this up first on the SLV page and then realized it was way off topic! Lol...
I was skeptical myself at first based on there small holding but have received several mid to large shipments in 2-3 days and always great condition and really low premium. so I'm sold
Oh and welcome to the silver stackers board!
Cheers Buds \_/
Oh that's good shit right there, what an ass!
Cheers Buds \_/
I was an APMEX junky! and now I use these guys, better prices and free shipping!
Check it out: .75 over spot and free shipping
.75 over spot! that is a good deal IMO
Cheers Buds
Here check this out:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106551491
Cheers Buds \_/
I read a bumper sticker today that said
"If you think that when Obama's term is up it will get better your not paying attention"
And on the other side it said
"Feeling stupid about that Obama for president sticker yet"
It was some old lady but I gave her the horn and a big thumbs up on my way by! Lol...
Cheers Buds \_/
I like the way you put that!
Now I'm not saying that I'm not buying, currently buying kilo bars but if it goes to $15 I/m switching to 100 oz bars! Lol...
IMO a stacker is a stacker, constantly adding to the stack.
Cheers Buds \_/
P.S. I like that your here buds! fun to talk with IMO