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Not that the chart really matters but it is so over cooked that it almost has to bounce IMO
Cheers Buds \_/
Good op IMO but still more down side coming IMO
Cheers buds \_/
No your not getting it, you buy it and I will hold it for you! Lol...
We can do that as many time as you want
Cheers Buds \_/
Check this out boys!
US launches air strikes against Isis targets in Syria
The United States and its allies stepped up their war against the Islamic State militant group, launching air strikes on targets in Syria for the first time.
The Pentagon press secretary, Rear Admiral John Kirby, confirmed that the US and unnamed allied nations sent fighter jets, bomber aircraft and Tomahawk missiles in an operation that he described in a statement as “ongoing”.
It is rare for the US to confirm a military operation in progress.
They sold off all there gold and now there going to sell it again! Sounds like something that could only happen in America to me
Cheers Buds \_/
That's funny shit right there! Lol...
Poachers in the back yard taking dear, I think I will run them off and take there dear!
Cheers Buds \_/
Never? what are they selling the same silver twice? ROFL
Cheers Buds \_/
I had the five minute up all afternoon and for the first 3 hours it was fairly ho hum and then BAM the serious slap down and it's still going down! Yikes
Working on a little bounce right now but don't let that fool you!
Price on those Kilo's is getting better by the minute IMO
Cheers Buds \_/
Oh don't feel bad I still don't have one! Lol...
Good board lots of great guys around here with a ton of info, hang out and post some stuff.
Cheers \_/
Welcome to the board!
Cheers Buds \_/
The last few years I have traded my MSFT, SIRI, and SLV for a farm with goats, chickens, turkeys, and loads of fruit trees! Lol... Have a load of physical silver as well, still think about trading every day but I feel I have made the right decision.
Cheers Buds \_/
Good links! thanks...
Cheers Buds \_/
So what if china really did want to take over precious metals markets?
So what if china was the one holding all the long contracts at the Comex?
So what if Monday morning when the markets opens they requested physical delivery of those contracts?
So what if china refused to settle in cash and demanded there metal?
So what if the comex couldn't or wouldn't deliver the metal?
I might be way off base here boys but I'm starting to see things that make me think this is happening right now!
What do you think this would do to the price of silver?
Cheers \_/
So what if china really did want to take over precious metals markets?
So what if china was the one holding all the long contracts at the Comex?
So what if Monday morning when the markets opens they requested physical delivery of those contracts?
So what if china refused to settle in cash and demanded there metal?
So what if the comex couldn't or wouldn't deliver the metal?
I might be way off base here boys but I'm starting to see things that make me think this is happening right now!
What do you think this would do to the price of silver?
Cheers \_/
How To Fix The Precious-Metals Market
I wrote on “how” and “why” precious metals (and all markets for that matter) are manipulated, today I will tell you “what” will remedy and the results. First, the manipulation in U.S. markets has become so blatant and so obvious that foreigners are taking note and altering their future plans. All you have to do is look around to see nation after nation, friend or foe, making plans to live and trade in a world without using dollars. China is at the center of these plans but the list is very long of nations who plan to trade in their own (or Chinese) currency. Off the top of my head, we have seen announcements from Argentina, Brazil, India, South Africa, Britain, France, Germany, Venezuela, and Australia and of course let’s not forget about Iran and Russia. This is not all inclusive but the point is …the thought process and preparation is far and wide.
Oddly, the CME group who “oversees” COMEX has made several announcements over the last couple of weeks. It seems they would like to be seen as putting their foot down on “disruptive” (manipulative) trading practices. Even odder was a story which came out last week that showed “central banks” as a category of CME customers. This “category” it seems has been given financial “incentives” to trade. Very curious indeed, why would central banks have any need to trade in the S+P futures? Why would they be given financial rebates from CME to transact trades? I see it as some sort of joke so to speak because if a central bank needs “more” money, they would just print it up right? So why the rebates? More importantly, why would CME allow central banks in as their clients? Doesn’t this look or “smell” bad in our supposed free and fair markets society? Then of course you get the skeptics out there who might wonder what gets said over a few drinks after the markets close? Nothing too important I would imagine except for where the S&P 500, Treasuries, Oil, Natural Gas , Silver and Gold will close at TOMORROW?
I wrote yesterday that gold and little cousin silver were at “the core” of it all, gold (and silver) could not be let loose to fly far above the scene shining a spotlight on the fraud. This is “why” they have been locked down …creating and opening an Asian physical exchange is the “what.” “The what” as in what is being done about it. The Chinese it seems are in the process of going live with an exchange for gold and silver which will settle physically. “Physically” as in real gold or real silver will be required and “cash” settlement will not be allowed. In fact, it will be illegal to cash settle. I can only say, this is like the dog taking his body back and refusing to let his tail wag him anymore!
Shanghai, Hong Kong and Singapore are all now in the process of creating live physical exchanges. Shanghai plans to go live on September 26, so COMEX will have more competition as of then. Currently Shanghai operates a “futures” exchange, this as I understand will be a spot or cash exchange. Koos Jansen reports the futures exchange in Shanghai to now only have 92.5 tons remaining of silver, down from 1,200 tons a year back. He also reports that silver is trading in backwardation, this should NEVER be the case unless investors are in fear of not receiving their silver (or gold) at a future date. I do want to also point out what is happening in London, they will no longer publish these “forward rates” (GOFO) so we will no longer see any backwardation when it occurs. Interesting isn’t it… the West becoming more secretive while the East becomes more transparent!
“What” I think is happening is the “two tier” market beginning to take shape that I’ve spoken of for so long. COMEX and LBMA are making changes, the “fixes” have been changed, CME no longer allowing “disruptive trading practices” (yeah right!), and forward rates no longer being published amongst others. The East on the other hand is becoming more transparent and “real” so to speak. Why do you think these events are both happening at the same time? Cause and effect or action creates reaction maybe? The East is clearly positioning itself to “price” both silver and gold. If (when) there are 2 different “prices” for one ounce of silver or one ounce of gold …which one will be the real one? Which one will designate the price for a real ounce to change hands somewhere (anywhere) in the world?
Do you see “what” is happening? China and the East are in the process of taking away the pricing mechanism from New York and London …and there is absolutely NOTHING the West can do about it! If and this “if” is a very big one, the West had vaults overflowing with silver and gold they could then thwart China by making delivery of metal. But, this “was” 10 years ago! We have already crossed this bridge and delivered out whatever metal we could get our hands on and retained the ability to “price.” We have in my opinion already thrown or “used” this card as inventories and available metal is drying up at the same time international demand remains voracious. China has plans to “guard the dog” so to speak and disallow the Western tail to wag it. Derivatives will no longer hold sway as the overriding pricing mechanism, the real deal physical is in the process of taking over and is being sponsored by the East, who’d of ever thought it years ago? This is “what” is happening!
Link to Story
To me SLV is more like options trading at almost full price but easy in and out, we both understand that there is a lag there during delivery that you cant really sell what your not holding so I'm not really sure?
Now on the other hand it sounds like I can buy say 1,000 oz at spot and take deliver and if it like a comex delivery it would cost what, $100-$1000 for delivery? still better pricing than say APMEX Lol...
My personal belief is that we will see a major disconnect from american paper markets and the rest of the worlds physical markets, what it ends up really looking like is anyone's guess but I know if I was trading against you and I held all the product and you were setting the price I wouldn't let that continue for long!
Cheers Buds \_/
I cant wait to see what Asia thinks about the raid tomorrow at 3!
Cheers Buds \_/
I can see it down another $4-$5 the way it is going. Now how long it stays down is the real question IMO
USD is going up and silver is going down, USD is dead IMO it just doesn't know it yet so he who has time, that's my plan anyways Lol...
Cheers \_/
Weekly Gold & Silver Market Recap – 9/19/2014
Precious Metals suffered their third straight week of losses as strength in the U.S. dollar and an ongoing rally for the U.S. dollar weighed heavily on Gold and Silver. Gold will end the week at its lowest level in eight months while the Silver price plummeted below $18 an ounce leaving it at a four-year low. Much of the downward pressure that metals have experienced in recent weeks comes from speculation that the Federal Reserve will begin raising interest rates as earlier as the spring of 2015. With ongoing improvements in domestic labor markets, tightened monetary stimulus, equities reaching all-time highs and the U.S. dollar posting 10 consecutive weeks of gains, traders and investors are wondering what it will take to halt Gold’s freefall and reverse the bearish trend.
Precious Metals fell during morning trading on Friday as the U.S. dollar and equities markets continued their upward surge. “Money continues to move into equities, and there is more optimism about the U.S. economy,” Vision Financial Markets director of metal trading David Merger said. “The dollar continues to put pressure on Gold prices.” The Gold price continues to hover near an eight-month low as Silver fell to its lowest level in four years. The dollar realized its 10th straight week of gains as the ongoing pressure applied by the greenback continues to keep a metal rally at bay.
On Thursday, Gold prices looked like they were between a rock and a hard place. Both Gold and equity prices were expected to react negatively if the Federal Reserve statement indicated interest rates would rise sooner than expected. When Fed Chair Janet Yellen said rates would remain low for a “considerable time,” this should have been positive for Gold and equity markets. Equities are soaring, but Gold and Silver are taking a hit because the U.S. dollar shot up in reaction to stimulus packages announcements in China and the eurozone that will drive down the value of those currencies. Gold’s rebound could hinge on a sharp correction in the U.S. equity market, continued increased buying out of India and geopolitical tension escalation in Ukraine or the Gaza Strip.
Gold was mostly flat in early-morning trading ahead of a Federal Reserve decision at the conclusion of its policy meeting on Wednesday. VTB Capital analyst Andrey Kryuchenkov mentioned that regardless of the Fed’s likely attempts to talk down interest rate speculation, “The dollar is going to remain stronger against the euro and that is what really impacts the metal.” HSBC noted that the vote on Scottish independence could also impact the yellow metal. Their analysts wrote, “A yes vote is likely to be bullish for Gold and a no vote slightly bearish.”
Also looks like we have the death cross action today as well.
Cheers Buds \_/
That would be awesome, thanks Bert!
Cheers \_/
I'm really excited here, there pumping up the USD for what???? we both know the deal with the dollar, so this is a golden opportunity or silver if you will
Personally I still see it doing a flash crash to $10-$15 and then it will bounce big time IMO and this time I'm ready for it Lol...
Cheers Buds \_/ and Happy Friday!
Silver Update 9/13/14 Basic Income
I remember! I'm not a permanent anything and keep an open mind myself, I knew it verywell could fall hard.
Cheers buds \_/
Have them take it to $14.50 for me please lol
I have to laugh about it, took about an $800 haircut so far today. I say show me $15 and I will double up again! Lol
Free falling because I'm free! Free falling
Cheers buds \_/
Timber!!!!
I'm still in a holding patter, let see what she does!
Cheers \_/
Here comes the death cross!
Now a fare as cost of production, really hard to base it on a given price IMO
Could be $22 or maybe $17.50 to $18.50 or is it $9 to $10? lots of mixed info out there on the subject including loads of info saying its free because other base metal pay for it so its free $$$
Cheers Buds \_/
It's going to be a timing thing IMO I believe it will keep going down for a minute and then launch! Lol... But guess we shall see what we shall see
Cheers buds \_/
P.s. Thanks for hanging out here during this time of little interest!
Every time I use that woodshed line it crashes! Lol... I really want it to go below production cost so I can load more Kilo bars on the cheep.
Cheers Buds \_/
I know, just 6 minutes into the rally the profit taking started lol...
Such is life IMO
Cheers \_/
Usd is going down, time to take them to the woodshed!
She bumping talls!
I'm more ready for it to continue down than up Lol... but you just never know what it will do, I personally have time and more $$$ if it really crashes.
Cheers Buds \_/
P.S. Got a little after hours rally going right now but I doubt we will still see it in the AM
That is about the way silver opened today as well but has recovered.
Cheers Buds \_/
Do chickens, goats, and cows count?
We are making lots of our own stuff now, pressing cheese right now. Will do a garden and greenhouse in the spring.
And as you already know, I love to stack!
Cheers Buds \_/
Oh now I got it Lol...
Cheers Buds \_/
It's late I must have missed it?
Cheers \_/