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Welcome to the board Buds!
Cheers \_/
And the new ultra transparent silver fix seems to be anything but transparent IMO
I just had a feeling the scam would continue, there is just to much to gain by a few to let it stop IMO
Cheers Buds \_/
The guy never bothered me but it did boggle my mind the amount of time he spent drawing those charts
Welcome to the board buds!
Cheers \_/
The Silver FIX fix is today, and it won’t do a damn thing for anyone
US Dollar is the overall loser in the battle of confidence with the trade at 81.575, down 7.2 points after it was announced all over the global media services that Putin said that the US Dollar system has to be destroyed because it’s damaging the economic system. Now he was specifically talking about Russia, but all the BRICS, as well as Germany, France, and the other nations that have been punished for using the US Dollar in transactions with countries that the US doesn’t like and have been fined for using the Dollar in these transactions, are paying very close attention. Face it, Germany is pissed at the Feral Reserve for NOT allowing it to have a portion of its Gold sent home and for lying about it for 8 months before Merkyll started cow towing the Dollar line again. The people of Germany are well aware of the implications and regardless of what the media is telling us, the words from the prosecutor’s office still stands out loud and clear! “The Gold Manipulation is far bigger than the LIBOR” could ever be!! Wars are created to hide this real money issue and the failures of the western systems military industrial complex to start a war on all the different fronts is a main focus of all these nations that want their identities back. Treasuries are of course a non-issue and remain elevated till a time when the US Currency has reached a point where it is dumped for something tangible and it feels as if the moment of that point is upon us all. Still we wait with our short positions in the Treasuries for that moment when truth hits reality. We expect this position to pay for years when the drop starts in earnest. The Energy Sector took a hit in trade yesterday with the market falling sharply with the leader, Crude Oil now at $95.63, up a nickel after yesterday’s $2 drop as more and more evidence shows up that the “stay at home vacations” and less driving offsets anything else, such as the destruction of the Middle East. Gold remains held in check and is not allowed to move higher as we all are aware that the Federal Reserve is fighting for its life and is doing crazy and unnatural things to stay in power as the weakness it portrays can be seen everywhere. The trade sits at $1,313.60, down $2.10 and every time the real currency reaches $1,320 it’s knocked back. Open Interest is gaining which means more buyers are coming in, we hope these buyers are getting their courage from the Silver holders, who seem to have balls of steel. Silver is flat as well with its trade at $19.88, down 2.1 cents on the very first day of the new bullshit called the Non-“Fix”. This won’t do anything for the precious metal because the same clowns are juggling the issues, the only difference is, they have different makeup on. The most important factor in Silver, imo, is the Open Interest, and it has gained quite a bit yesterday as we went back above the 160k mark with a total now at 162,000. With the major drop in Shanghai inventory and the control mechanism breaking down here in the land of no laws, things should get real interesting at the break point. Is it here now? No one outside the Crimex/banking system can answer that, but when it breaks, the hunt for the perpetrators of the biggest crime against the nations people will be on, and I truly am looking forward to getting to that point. Bitcoin continues to trade lower under the attacks of a government agency selling off the assets reminiscent of a time when confiscated drugs were rumored to be sold off so by an agency who then used the profits in “the war on drugs” for other purposes with the trade now at $508.80, down $4.60 and inside a 24 hour trading range of $524 and $497. Ripple Coin, our companies buy and hold suggestion, is up a scratch with its trade at $.005380. With all the shenanigans going on globally with more and more people catching on, we expect these crypto’s to enlighten everyone once the dollar starts it major drop. Grains and Softs are flat across the board and it seems the Live Stock Sector has found its bottom and is waiting for a direction. To us, it looks to turn higher from here. The failed attempts to use force to push wrong ideas and the fact that jobs are harder to find then chicken teeth, matter not in the land of the Paper Markets because the Twisted Sister with the Stepford Wives look are climbing. This global market system is the ultimate culprit here because the money is coming in from Europe as it seems the Euro-Currency will be the first of the Fiats to fall as we mentioned earlier that Germany and France are 2 majors in that system, and they have left major hints that they may leave the crippled Euro. If this is true, holders of the Euro will be toasted, roasted, and hung out to dry. This fully explains what is happening in our markets at present, and this is only temporary. In closing, there is still no better place to have ones money than Silver, Gold, and some Crypto’s, until reality hits and when that happens, even the Prozacians won’t be able to ignore it. Have a great and wonderful weekend, keep those Precious Metals and Crypto’s close, and as always … Stay Strong!!
Link to story
Its new on the debt clock, check the stats on the right at this link.
http://www.usdebtclock.org/#
Cheers Buds \_/
From an Asian board, this was a comment I found interesting.
For your information: This Friday sees Thomson Reuters and CME roll-out of their new fixing engine for silver and market participants are clueless about how it works less than three days before it goes live. With the traditional fixing members have stepping away, it remains a mystery who will be taking the fix orders - with a deafening silence from market participants.. If you can identify who your orders are to go through, then you have to get the calculator out because Reuters advise that prices are no longer in US dollars per ounce but US dollars per "lakh" or 100,000 ounces ..
I'm going to save my do that for something big
Cheers buds \_/
U.S. Mint to use new silver benchmark for coin sales, purchases
I was looking at some stats last night on the debt clock.
33% of the work force is employed by state and federal government, 33% are on government assistance, and 33% foot the bill for that 66%
This cant keep working IMO down size or failure it will be one or the other IMO
Cheers \_/ P.S. missed you here!
Well yah, war is the only thing keeping the wheels on the bus IMO
It's going to get really ugly IMO long before it get better.
Cheers \_/
Thanks for the link, I will check it out today.
Cheers \_/
Silver Update 8/3/14 Coordinated Collapse
What Are the Potential Implications of the End of the Silver Fix in London?
These last few months have brought confirmation of an acceleration in geo-political and macro-economic events, and they all have mid-term implications for the precious metals markets and, more globally, on the future of the international monetary system.
Even though certain events might seem isolated, some links can be established, and this is the object of my analysis. I remain, in my analysis, of the opinion that the current fiat monetary system will collapse, as has been the case throughout History, and that we will eventually return to one or more currencies that would be convertible into tangible assets, such as gold. This Market Report will comprise several parts; let’s start by analysing the potential implications of the end of the silver fix in London.
LBMA : The End of the Silver Fix in London
The London silver fix will end in August, 2014. This fix is used as a benchmark, or proxy, for the physical silver market, but it mainly serves as a contractual basis for the determination of the value of silver derivatives and swaps, as defined in the official ISDA (International Swaps and Derivatives Association) document.
Watch also the Jeff Christian interview confirming the link between the London fix and silver derivatives.
Which means that, without the fix, the value of silver derivatives might be questioned, at least by the losing parties on some of those contracts. Those derivatives contracts will have to be re-negotiated, but on what basis? Why, in fact, honor a contract when the contractual basis, the fix, does not exist anymore? Some party might want to use the COMEX closing as a new base, but it won’t be able to impose it. And COMEX derivatives are futures contracts or options and, as such, do not constitute an accurate representation of the physical market.
So, unless there is a rebound and a new process of determination of the silver price (a new fix) is put in place before next August, which I doubt would come from the West, with all the judicial pressure building around the large banks. And we can add the silver derivatives which account for, all included, close to 100 billion ounces of « paper » silver that are at the risk of imploding. We will be guaranteed major misunderstandings and legal battles between parties, along with a questioning of the ability to « intervene » in the silver market through derivatives.
Parenthesis : China has stated in 2009 that it was reserving the right to default on « commodities-like » derivatives contracts, thus valid for silver, and it is possible, according to Ted Butler, that China is behind the enormous short position held through JP Morgan for hedging purposes on its massive physical silver buying. Will China take advantage of the end of the fix to default on its silver derivatives contracts ?
As GATA’s Bill Murphy confirmed to me this week, if the London silver fix is ending and that banks are retiring from the gold fix process, it is because they are feeling the heat and want to abandon ship before more global revelations come out on the price manipulations. The recent official condemnation of Barclays for manipulation of the gold price just confirms, even though they’re pleading this is an isolated case from one single trader, that the wind is turning and that the regulating agencies, mainly BAFIN in Germany, are starting to play their role. How else could one explain why the Deutsche Bank AG (NYSE:DB) (ETR:DBK) walked away from the gold fixing process in April ?
Or the firing of the gold trading desk chief for Barclays PLC (ADR) (NYSE:BCS) (LON:BARC)?
A german television station also just broadcast a documentary on gold price manipulation.
Therefore, the implication of the end of the London silver fix is, potentially, the implosion and the absolute end of the silver derivatives market, unless of course another price fixing mechanism is put in place before this coming August.
We know that certains banks are massively exposed to silver derivatives. US commercial banks are exposed to the tune of 23 billion dollars to them (table 9, OCC Report)
The gold fix might come to be questioned in the months to come as well and, just like with silver, might have tremendous consequences for the derivatives market if a new price fixing mechanism is not put in place.
Given the legal/judicial pressure on the large bullion banks, the new gold fixing mechanism will eventually come, at the end, from Asia, and it will be much closer to the reality of the physical market than the London fix. China definitely has a role to play in the imposition of a new fixing mechanism for silver.
In conclusion, without the derivatives, manipulation can still go on on the COMEX, but it will become much harder. The noose is tightening. The end of the London silver fix may be the first concrete manifestation of major problems to come for the big banks, one of them being the incapacity of controlling the price of precious metals, and of the return to a price fixing mechanism much closer the the reality of the physical market.
Interventions on the COMEX will last for a while, but the end of the fix will have important implications on the derivatives markets. The question, now, is when and how will the problem of defining a legal basis for silver derivatives contracts be solved.
Link to story
It is the 12th now isn't it! Lol... I just don't have my hopes up but do have a card loaded and ready to shoot if it goes stupid to the down side Lol...
Cheers Buds \_/
Yah but that is one bad ass penny
Cheers Buds \_/
P.S. I should get the detector out at the farm and see what's around!
fairly uneventful day for silver, what's the next move IYO?
Cheers \_/
I never find anything good! Lol...
Cheers Buds \_/
Isn't ISIS a US funded group that was created by the US government?
If this is real something must be done, must be done now, and must be done by us IMO
Grampa used to say that when you chop down a tree all leafs die, might be time to find the real base of this tree Bert!
Cheers Buds \_/
Best video ever Bert!
Cheers Buds \_/
From another board
Oh Goodie! The New Silver Rigging Mechanism Will Be Explained a Week After it Goes Into Action!
Let the Rigging of Silver Continue!!!
Yes I don't want that but sometimes I just ask myself, what to do? Lol...
Some peoples kids!
Cheers Buds \_/ and thanks for hanging out with us!
Obama authorizes airstrikes in Iraq
WASHINGTON (AP) — President Barack Obama announced Thursday night he had authorized the U.S. military to launch targeted airstrikes if needed to protect Americans from Islamic militants in northern Iraq, threatening to revive U.S. military involvement in the country's long sectarian war.
He also said the U.S. military had carried out airdrops of humanitarian aid to Iraqi religious minorities under siege by the extremists.
"Today America is coming to help," he said in a late-night statement from the White House.
Boys!
see that bans 0 up there? we are trying to keep it that way!
Dan is not the Economic Collapse cop but your making him act like it, can we please settle it down a few notches before IHUB shuts us down?
SIDE NOTE: Thanks for taking the time to watch the board while I'm selling roofs like a mad man
Cheers Guys \_/
Don't be sorry, I see nothing out of line. I think it is cool when people are having healthy debates about topics they are passionate about.
Looks like we may have a new poster in the mix as well, I like new faces, adds flavor IMO
Cheers Buds \_/
Silver seams to be back building, doesn't seam that the slap down is holding like it has in the past.
Cheers Buds \_/
You guys are just blowing up the board today! Is everyone having a good time here?
Cheers \_/
Looks like today we are going down to BOOM Town! Lol...
Cheers Buds \_/
Such instability with silver here. Market is making a heavy correction VS world turmoil, very hard to read IMO but it goes to that $18 range again and I'm adding to the stack
Cheers Buds \_/
It's posts like that witch made me go out of my way to invite you to this board Lady
You are so Knowledgeable about silver, thank you!
Cheers \_/
Fairly large correction this morning!
Cheers \_/
I'm not a big speller! Lol... by all means fix it
Cheers Buds \_/
Personally I have no faith that the status quo will change, IMO the 15th will come and go and silver will still be all messed up like a basketball helmet or a football mitt
Either the paper manipulation ends or silver becomes very rare one of these will make it show it true value!
Cheers Buds \_/
There like black berries on steroids! Lol...
I am going for blueberries in the next few days.
Here check out the cheese wheel.
The one with the side missing was my first wheel, had to check it for texture, very hard but smooth.
second red wheel the same, both got to hot IMO but what the hell! Lol.. I'm trying.
The white one is still drying form this weekend and is perfect IMO already smells like good cheese.
Now mind you those wheels are not small, there between 1.8 and 1.9 Lbs ea.
Cheers Buds \_/
They were IMO I cant really get into it but I can say that is what my wife does for a living.
Cheers Buds \_/
We need an antidote for this Bert!
I know it did some bad touching today
Cheers buds \_/
These people all have soul cancer my friend!
Cheers buds \_/
I use simple for longer terms like 50, 100, and 200 but exponential when looking at shorter time frame trades like a day trade. Stock charts will do either. I like the charts you use but personal have always used stock charts so I really know my way around there charts.
exponential also work well with Fibonacci numbers or Fibonacci sequences IMO
Cheers Buds \_/
Theirs half of it! and we may get it just on the fact that the 200 MA is going down still. I still want to see a little price spike for conformation that the new low is in.
Cheers Buds \_/