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Do u have any data to support strong AUTO sales? Or is it just Your opinion as a shareholder?
THEY CANCELLED THE REGISTRATION ONLY - Unregistered shares with opinion letter will sell just as easy - They want you to think exactly what u r thinking - o they cancelled some of those hsares - they are not dilluting as much - lol - READ the filings , they are confusing yes, but they are selling shares at rapid rate - IMPO DLAV has to make it or break it in short time frame money wise.
mid to late march 2008. tick tock tick tock...eom
I will stop by - I pass Legends Plaza on my way to and from work , are you sure it is not black?
Most likely The shares are sold by time you see filing, I am sure they have some form of pass thru to market financing in place, someone is buying most of the shares from them and selling them market , and shorting market , as they seem fit....IMO
Orlando FL is only place AUTO sales are down>? Ill alert the media , they must have it ALL wrong. I read it is BAD ALL OVER.
what does that have to do with BAD AUTO Market?.eom
Do u live in large town - I live in Orlando FL and know some of the customizers and ALL of the car dealers in area - we work closely with alot of auto related sales and marketing groups > Here in O Town > it is DEAD SLOW right now > AUTO ANYTHING DEAD STOP.....
HOW MANY SHARES ARE OUT? Looks like they been SELLING this dream for while now?
ur point? u dont agree?.eom
This is one RISKY venture - CARS ARE NOT SELLING PERIOD.eom
Reading LAST Sundays posts and then watching Revenge trade all week was interesting , I read hundereds , thousands of posts calling for 100% - 200% - 300% gains , major gap ups all week, a penny by end of the week , it was thick , now I see it traded below DOWN (under.0036) most all week long ! wow talk about BAD case of over exhuberance! One of worst I have read then witnessed for sure.... , GLTA....
approaching 01-09 expiration CDE will be VERY volatile >
01-09 CALL > $5.00 > 41,180
01-09 PUT > $5.00 > 40,728
01-09 CALL > $7.50 > 20,229
01-09 CALL > $2.50 > 14,505
The shorts are still hedged in CALL OPTIONS , they get 100 shares to 1 when u use Option to hedge a short position , 40,000 contracts 4000000shares
Here is OPEN INTEREST IN ALL CDE Options >
Date > Strike $ > OPEN Interest
06-08 CALL > $5.00 > 46,812
03-08 CALL > $5.00 > 44,861
01-09 CALL > $5.00 > 41,180
01-09 PUT > $5.00 > 40,728
01-09 CALL > $7.50 > 20,229
01-09 CALL > $2.50 > 14,505
06-08 PUT > $5.00 > 12,814
03-08 CALL > $2.50 > 12,022
06-08 CALL > $7.50 > 11,791
04-08 CALL > $5.00 > 11,188
01-09 CALL > $10.00 > 10,749
06-08 CALL > $2.50 > 10,652
03-08 PUT > $5.00 > 10,218
01-10 PUT > $5.00 > 8,103
09-08 CALL > $5.00 > 7,556
01-10 CALL > $7.50 > 7,252
01-10 CALL > $5.00 > 6,756
03-08 CALL > $7.50 > 5,422
01-09 PUT > $2.50 > 5,373
01-10 CALL > $2.50 > 5,331
01-10 PUT > $2.50 > 3,320
06-08 PUT > $2.50 > 2,710
09-08 CALL > $7.50 > 2,302
03-08 CALL > $10.00 > 1,816
06-08 CALL > $10.00 > 1,781
01-09 PUT > $7.50 > 1,531
04-08 PUT > $5.00 > 1,517
09-08 PUT > $5.00 > 1,375
09-08 CALL > $2.50 > 1,282
04-08 CALL > $7.50 > 1,223
03-08 PUT > $2.50 > 1,050
06-08 PUT > $7.50 > 745
09-08 PUT > $7.50 > 420
04-08 PUT > $7.50 > 359
04-08 CALL > $2.50 > 213
01-10 PUT > $7.50 > 211
01-09 PUT > $10.00 > 180
09-08 PUT > $10.00 > 160
06-08 PUT > $10.00 > 153
09-08 PUT > $2.50 > 149
03-08 PUT > $7.50 > 89
09-08 CALL > $10.00 > 80
03-08 PUT > $10.00 > 72
04-08 CALL > $10.00 > 50
04-08 PUT > $10.00 > 40
The press is running OVERTIME.eom
WOW DLAV BUSY BUSY ISSUING SHARES >
S-8 [html][text] 358 KB Securities to be offered to employees in employee benefit plans
Acc-no: 0001144204-08-013712 (33 Act) 2008-03-06 333-149570
08670429
POS AM [html][text] 33 KB Post-Effective amendments for registration statement
Acc-no: 0001144204-08-013625 (33 Act) 2008-03-06 333-54822
08669537
S-8 [html][text] 265 KB Securities to be offered to employees in employee benefit plans
Acc-no: 0001144204-08-011463 (33 Act) 2008-02-25 333-149369
08638209
S-8 [html][text] 391 KB Securities to be offered to employees in employee benefit plans
Acc-no: 0001144204-08-009872 (33 Act) 2008-02-15 333-149265
08620730
8-K [html][text] 144 KB Current report, items 1.03 and 9.01
Acc-no: 0001144204-08-005845 (34 Act) 2008-02-04 333-54822
08569783
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=dlav&filenum=&State=&SIC=&owner=include&action=getcompany
lol nat gas is hot... FTXN is DOWN ICE COLD.eom
They would have to pry from my bloody hands.eom
Very true , I like USA 90% Silver Coins and Engelhard Prospectors.
Going for 21.00 > BID 20.75 ASK 20.80 > Did u see that bounce today 19.40 to 20.800 > end week 21.50+
Mad Money Jim Cramer says BUY Permian Basin Royalty Trust (PBT)
CEO JIM DIAL IS BUSY> BUSY WORKINFG VYEY STOCK NOT GFCI LOL! >
Victory Energy Commits to Drill 20 More Wells
Victory Energy Corporation (OTCBB: VYEY) announced today that the Corporation has committed to drill an additional 20 wells in its Canyon Sandstone Gas play located in the Texas Permian Basin.
Victory has received a commitment for the financial backing required to drill an additional 20 wells. Victory's Operator will begin construction of the next drilling site, which should be ready by March 17. Once the next drilling site is completed, the rig will be moved into place and drilling will begin.
The Canyon Sandstone Gas formation is found at a depth of 4,300 feet to 4,900 feet. Initial production for these wells is approximately 250,000 cubic feet of gas per day per well. The success rate for commercially producing gas wells in this area is over 97%.
"Victory is fully committed to the development of this gas field, based upon the economics of returns on the initial investments and the relatively high success rate of commercially viable gas wells from this low risk producing area," stated Jon Fullenkamp, President of Victory Energy Corporation.
As a positive update to current field activities, the first well the Corporation drilled and completed is flowing back stimulation fluid at a rate high enough to delay Fesco from conducting its single point test. This indicates excellent porosity and permeability of the gas zone. The Corporation will provide these results as they become available. The drilling rig on the second well Victory is drilling is anticipated to reach total depth by March 14.
About Victory Energy Corporation:
Victory Energy Corporation (http://www.victoryenergyoilandgas.com) is a publicly traded, developmental stage petroleum company primarily dedicated to energy-related opportunities. The Company goal is to evaluate profitable options, develop a solid foundation through leadership and sound business acumen, and acquire producing wells as well as other potentially profitable prospects within the Oil & Gas Industry. Certain statements contained herein are "forward-looking" statements
Victory Energy Commits to Drill 20 More Wells
Victory Energy Corporation (OTCBB: VYEY) announced today that the Corporation has committed to drill an additional 20 wells in its Canyon Sandstone Gas play located in the Texas Permian Basin.
Victory has received a commitment for the financial backing required to drill an additional 20 wells. Victory's Operator will begin construction of the next drilling site, which should be ready by March 17. Once the next drilling site is completed, the rig will be moved into place and drilling will begin.
The Canyon Sandstone Gas formation is found at a depth of 4,300 feet to 4,900 feet. Initial production for these wells is approximately 250,000 cubic feet of gas per day per well. The success rate for commercially producing gas wells in this area is over 97%.
"Victory is fully committed to the development of this gas field, based upon the economics of returns on the initial investments and the relatively high success rate of commercially viable gas wells from this low risk producing area," stated Jon Fullenkamp, President of Victory Energy Corporation.
As a positive update to current field activities, the first well the Corporation drilled and completed is flowing back stimulation fluid at a rate high enough to delay Fesco from conducting its single point test. This indicates excellent porosity and permeability of the gas zone. The Corporation will provide these results as they become available. The drilling rig on the second well Victory is drilling is anticipated to reach total depth by March 14.
About Victory Energy Corporation:
Victory Energy Corporation (http://www.victoryenergyoilandgas.com) is a publicly traded, developmental stage petroleum company primarily dedicated to energy-related opportunities. The Company goal is to evaluate profitable options, develop a solid foundation through leadership and sound business acumen, and acquire producing wells as well as other potentially profitable prospects within the Oil & Gas Industry. Certain statements contained herein are "forward-looking" statements
Do u have ANY , ANY , type of public disclosure we will get something for GOT , GOTL , KOVAC, Advanced? I have seen some info on PDEI UERI share exchanges etc... but none of the others?
Well CTBG "STOCK" will STOP TRADING? If this is correct in 90 days anyone holding CTBG stock is stuck until when and of the registration and share swap takes place into CTTH?
Rule 12g-4 -- Certifications of Termination of Registration Under Section 12(g)
Termination of registration of a class of securities under section 12(g) of the Act shall take effect 90 days, or such shorter period as the Commission may determine, after the issuer certifies to the Commission on Form 15 (17 CFR 249.323) that the class of securities is held of record by:
Less than 300 persons; or
Less than 500 persons, where the total assets of the issuer have not exceeded $10 million on the last day of each of the issuer's most recent three fiscal years.
http://www.law.uc.edu/CCL/34ActRls/rule12g-4.html
MAYBE this had to be filed by CTBG in order to make the CTTH registration effective>?
I cant divugle to much specific to systems2k program, but could outline a general plan of action yes, would not mind at all.
They ALSO do serious direct mail, MONTHLY, to over 18000 dealers MONTHLY. They have compiled a database like no other , I purchased the original file for them over 2 years ago, they have gone thru and updated all the contact names and connected all the dealerships owned by a head office so they can mail only to the head office not all its sub dealerships , just to head decision maker, they have 25 full time telemarketers doing calls daily to update and cleanup the file. They are EXPLODING and direct mail has led the way , it is the only advertising they do besides trade shows of course, however now they have traction in the market and the product is so good , referals are coming in daily, I hear they sign up 2 dealers a week just on referals.
I DO NOT KNOW IF THIS IS GOOD OR BAD! I am VERY confused over this filing.....
Here is what we KNOW.
The have filed a form 15 for CTBG > In maximm 90 days the stock WILL BE DELISTED - VOLUNTARILY. "CTBG" stock
WHY???
Is it something to do with SEC investigation and the failed dividend distribution or some sort of manipulation???
OR - Is it because the CTTH registration will become effective and the share exchange CTBG shares for new CTTH shares is going to go thru so they had to file this for CTBG?!
I DO NOT KNOW > Very confusing.
BUT AGAIN one thing is clear > "CTBG" stock is about to be delisted and stop trading. That IS clear.... Why is NOT...
The authorized is over 8 BILLION.eom
What is going on WITH CTBG? Does the SEC investigation into Jim Dial GFCI/CTBG/CTTH have anything to do with CTBG filing a form 15 few days GO? Or is it the registration will FINALLY become effective and the share exchange is going thru>? The box they have checked says CTBG will STOP trading in 90 days either way>
Rule 12g-4 -- Certifications of Termination of Registration Under Section 12(g)
Termination of registration of a class of securities under section 12(g) of the Act shall take effect 90 days, or such shorter period as the Commission may determine, after the issuer certifies to the Commission on Form 15 (17 CFR 249.323) that the class of securities is held of record by:
Less than 300 persons; or
Less than 500 persons, where the total assets of the issuer have not exceeded $10 million on the last day of each of the issuer's most recent three fiscal years.
http://www.law.uc.edu/CCL/34ActRls/rule12g-4.html
HERE IS LINK TO THE FILING >
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
Rule 12g-4(a)(1)(ii) [X]
Approximate number of holders of record as of the certification or notice date: 335
Pursuant to the requirements of the Securities Exchange Act of 1934 (Name of registrant as specified in charter) has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.
Date: February 29, 2008 By: /s/ Jerry Swinford
Jerry Swinford
Chief Executive Officer
Interesting it was filed under CTBG >
Also notice a Pre 14c was filed 1/25/06 under CTBG>
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001084463&type=&dateb=&owner=include&start=0&count=40
What about GOT, GOTL , KOVAC , Huma Scott LA.? Those were lock stock barrel fully owned subs? WERE IS THE MONEY - WHAT HAPPENED TO THESE ASSETS? Now we see Lyamec making major profits - did we give those profits away>? Yes AND UERI FTXN PDEI as well..........
IMO Jim Dial ripped us OFF and he ripped us off BIGTIME.
What is clear is CTBG Filed a FORM 15 > VERY STRANGE INDEED > FORM 15 IS USED TO STOP YOUR STOCK FROM TRADING - IT IS A 90 DAY NOTICE THAT THE STOCK WILL BE DELISTED VOLUNTARILY
FORM 15
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
Rule 12g-4(a)(1)(ii) [X]
Approximate number of holders of record as of the certification or notice date: 335
Pursuant to the requirements of the Securities Exchange Act of 1934 (Name of registrant as specified in charter) has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.
Date: February 29, 2008 By: /s/ Jerry Swinford
Jerry Swinford
Chief Executive Officer
Interesting it was filed under CTBG >
Also notice a Pre 14c was filed 1/25/06 under CTBG>
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001084463&type=&dateb=&owner=include&start=0&count=40
Maybe they needed to file this form to say hey this shell, CTBG , is now dead and wont be filing and reports and trading anylonger, And CTTH is about to take over? NOT SURE - Sure would be nice to get a PR from Jerry? Either way CTBG is about to be delisted and go away , this form gives them 90 days and CTBG will be delisted the way I understand form 15.
another asset stolen from shareholders.eom
Per SEC PR on Useltons "The Investigation Continues" IMO they know he is burnt toast with SEC for the way he has ripped of GFCI shareholders - U posted the PR trail - we OWN that 2nd drill rig VYEY PRd today - but he STOLE it from us right under our noses - and the day will come... The Investigation continues. Dial is to close to SEC IMO
He went after me with few posts on the FTXN RB board > if it was not him dorectly - it was one of his yes men for sure....
cull the cream - then work the lard.eom
lol u r funny! We insert and mail well over 100,000 DVD/CDs weekly - VERY hot way to market thru mail. We dont do BS mailers like shoppers or co-ops rags - we do controlled distributions to house lists , customer lists , I sent out a mailer 4 weeks ago with 80/m DVDs for westgate new Las Vegas property, we sent to 80,000 top OWNERS of westgate properties , so far they have booked over 8000 3 days paid tours of the new property , 10% response and we only mailed it about 30 days ago, they are still following them all up chasing by phone. I did a larger DVD mailer for Marriot same thing , but they mailed over 250/m DVDs , the reponse to date is 12% , We are gearing up for 500/m run to be out April 1st. We are qualifiying the data now - CD/DVD mailers do GREAT > DLAV would do superb with a demo mailer , the cost is more expensive, maybe 1.00 - 1.25 per mailer but worth it - the other new thing we do is the PURL Personalized URL, so the person can go to web use the PURL from the mailer and log in , all of their info is right in front of them on a custom personalized website - the PURL is HOT > and you capture the lead , plus they cruise your website and take demos , DLAV would score huge with a DVD mailer that had PURL linking back to the DLAV website.
DLAV has 25,000 Dealerships to contact - What ones are looking for new CRM product now!? NOT SURE??? What exact ones? hmmmm? Well you mail them ALL - get the hot leads working ASAP - then call - phone follow up - set appts and work thru the rest - do the shows and get referals - but mail ALL Dealers Minimum 4x yearly - 4 different pieces of creative - the largest ones you send a DVD mailer with demo/preview. Sales volume $100 million plus IS just under 1500 records or the dealers with $50million plus sales thats another 3500 records , IF DLAV uses quality direct mail , DVD demos combined with nicely done PURLs - they will get major attention and all the leads they wnat!
Here is report on the 24,506 "non franchised" NEW Auto dealers in the USA >
Dear Customer,
Attached is your Market Research Report.
Report Name: NEW CAR DEALERS (this has been saved in your account)
Number of Leads: 24,506 (Business Leads)
EMPLOYEE SIZE TALLY
EMPLOYEE SIZE NUMBER OF BUSINESSES
UNKNOWN 86
1-4 1,565
5-9 1,131
10-19 2,453
20-49 10,784
50-99 5,214
100-249 2,795
250-499 381
500-999 60
1000-4999 23
5000-9999 10
10000+ 4
TOTALS 24,506
SALES VOLUME TALLY
SALES VOLUME NUMBER OF BUSINESSES
UNKNOWN 127
LESS THAN $500,000 58
$500,000 - 1 MILLION 568
$1 - 2.5 MILLION 523
$2.5 - 5 MILLION 896
$5 - 10 MILLION 1,396
$10 - 20 MILLION 3,683
$20 - 50 MILLION 12,261
$50 - 100 MILLION 3,551
$100 - 500 MILLION 1,406
$500 MILLION - $1 BILLION 20
OVER $1 BILLION 17
TOTALS 24,506
STATE TALLY
STATE NUMBER OF BUSINESSES
ALABAMA 410
ALASKA 52
ARIZONA 352
ARKANSAS 281
CALIFORNIA 2,347
COLORADO 351
CONNECTICUT 378
DELAWARE 87
DISTRICT OF COLUMBIA 12
FLORIDA 1,412
GEORGIA 746
HAWAII 99
IDAHO 110
ILLINOIS 1,129
INDIANA 552
IOWA 325
KANSAS 248
KENTUCKY 339
LOUISIANA 359
MAINE 155
MARYLAND 501
MASSACHUSETTS 501
MICHIGAN 819
MINNESOTA 412
MISSISSIPPI 256
MISSOURI 532
MONTANA 127
NEBRASKA 199
NEVADA 164
NEW HAMPSHIRE 173
NEW JERSEY 836
NEW MEXICO 159
NEW YORK 1,489
NORTH CAROLINA 750
NORTH DAKOTA 78
OHIO 935
OKLAHOMA 305
OREGON 314
PENNSYLVANIA 1,169
RHODE ISLAND 85
SOUTH CAROLINA 394
SOUTH DAKOTA 101
TENNESSEE 530
TEXAS 1,747
UTAH 179
VERMONT 82
VIRGINIA 688
WASHINGTON 442
WEST VIRGINIA 193
WISCONSIN 532
WYOMING 70
TOTALS 24,506
selection Criteria
INDUSTRY:
YELLOW PAGE HEADING: AUTOMOBILE DEALERS-NEW CARS
YELLOW PAGE HEADING: INFINITI (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: LEXUS (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: DAEWOO (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: GMC (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: HYUNDAI (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: ISUZU (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: LAND ROVER/RANGE ROVER (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: MITSUBISHI (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: SUZUKI (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: ACURA (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: ROLLS ROYCE (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: MAYBACH (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: KIA (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: BMW (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: BUICK (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: CADILLAC (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: CHEVROLET (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: CHRYSLER-PLYMOUTH (AUTOMOBILE DEALERS-W CARS)
YELLOW PAGE HEADING: NISSAN (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: DODGE (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: AUDI (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: FORD (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: HONDA (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: LINCOLN-MERCURY (AUTOMOBILE DEALERS-NEW ARS)
YELLOW PAGE HEADING: MAZDA (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: MERCEDES-BENZ (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: OLDSMOBILE (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: PONTIAC (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: PORSCHE (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: SUBARU (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: SATURN (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: TOYOTA (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: JEEP (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: VOLKSWAGEN (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: VOLVO (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: HUMMER (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: SAAB (AUTOMOBILE DEALERS-NEW CARS)
YELLOW PAGE HEADING: JAGUAR (AUTOMOBILE DEALERS-NEW CARS)
OTHER EXCLUSIONS: EXCLUDE FRANCHISE RECORDS
DEMOGRAPHICS:
OTHER SELECTIONS: ZIP +4 LEADS ONLY
I here ya loud and clear OPG - No rebuttal from me on this point - IMPO VYEY owns NOTHING and is allowing an investor that paid for drilling to "pass thru" VYEY to pump the stock.
Short Squeeze in Silver!
(Commercials pay up!)
Silver Stock Report
by Jason Hommel, March 3, 2008
What is a short squeeze?
A short squeeze is one of the most exciting events in finance, and could drive silver to $100/oz. very quickly! A short squeeze happens when those who manipulate the market begin to act according to old Wall Street rhyme,
"He who sells what isn't his'n, buys it back or goes to prison!"
The silver shorts, who have been one of the key forces capping the price of silver ever since 1980, are buying back the silver they sold, the silver that they don't have, the silver that may not exist, and they are buying "contracts for it" from people who might not have it either, in a rising market, because the shorts have begun to panic.
Another way to say it, is that the fat cats are beginning to wake up, repent and change, and realize the error of their ways! Perhaps we are seeing the inevitable failure of a 100+ year war of the international bankers, a war waged against an inherent property of silver. But silver is a monetary metal, and the failure to recognize that truth has consequences.
Dan Norcini reports at http://www.jsmineset.com/ that the commercial shorts in silver last week were "buying on the way up!"
http://www.jsmineset.com/cwsimages/Miscfiles/5830_Charts_for_2-29-2008_COT.pdf
The commercials are buying silver futures contracts from the category of traders that is labeled "non reportable" which are mostly small capitalized individuals, while the funds, or "speculators" have not changed their long positions much.
Short Squeeze definition:
http://en.wikipedia.org/wiki/Short_squeeze
"Short squeezes result when short sellers cover their positions on a stock. This can occur if the price has risen to a point where these people simply decide to cut their losses and get out. Since covering their positions involves buying shares, the short squeeze causes an ever further rise in the stock's price, which in turn may trigger additional covering."
See also:
http://www.investorwords.com/4559/short_squeeze.html
The reason why a short squeeze is so exciting is that in theory, there is no limit to the upwards price movement, especially if there is a shortage.
This is the kind of event that could drive silver prices to $100/oz. or higher very quickly. The chance of such an event is higher now than ever before, in my opinion.
As of Feb 26th, the commercials are long 53,358 contracts, and short 126,584 contracts, for a net short position of 73,226. Multiplied by 5000 oz. per contract, that's 366 million ounces of silver that they might need to buy back, on the NYMEX alone.
But NYMEX only has 87 million oz. of silver in the warehouses, registered for delivery. http://www.nymex.com/warehouse.aspx
Thus, there is a shortage. And as they shorts pay up, the shorts are getting squeezed.
(The 366 million oz. that they need to buy back does not count short positions "over the counter", nor does it count "pool accounts" or unallocated silver storage, nor silver certificate programs, nor does it count failed silver deliveries from corrupt coin dealers. )
Three hundred and sixty six million ounces is a lot of silver when the world mines only about 650 million ounces of silver per year, and when world industry consumes more silver than that each year. Thus, the shorts can't get 366 million ounces of silver from the mines; as that silver, and more, is already being purchased.
A mere 50 million ounces of silver being bought by investors in a year caused the price of silver to double from about $7/oz to $14.
If the silver does not exist to buy, a real buying frenzy and panic could break out.
A short squeeze took place when the silver price hit $50/oz. in 1980. That squeeze was ended when they changed the rules to allow no new long positions! (And when the Fed allowed interest rates to rise above 20%!)
The last time we saw a mini short squeeze in silver was around 1997, when Warren Buffet put an end to the squealing and panic of the silver shorts (and caused them to really worry) by announcing that he had invested less than 1% of Birshire Hathaway's net worth in silver. That caused the silver price to rise from about $5 to $7 very fast.
A short squeeze drove palladium prices up from around $250/oz. to $1000/oz. back in 2000, due to temporary failed Russian deliveries (that resumed). That short squeeze ended when the TOCOM paper exchange put limits on the daily price changes, and let contracts be settled for cash, instead of palladium.
A short squeeze drove nickel prices up to more than double, to $23/lb. in June last year. That short squeeze temporarily ended when they ruled that it was illegal for two of the largest holders of physical nickel in LME warehouses to own nickel, and had to sell!
But unlike the other two times in silver, there might not be any major billionaire for the shorts to falsely "blame." And they might not be able to change the rules. This time, there might be a real shortage! They might have to blame themselves for being so reckless as to sell silver that does not exist to a world that consumes more silver than it mines.
We might see silver prices continue the parabolic move up. We might see failed silver deliveries with cash settlements. We might see further panic for real silver. We might see panic among industrial users who must buy silver or shut down their businesses. We might see the end of the NYMEX exchange itself. We might even see officials from the Commodities & Futures Trading Commission (CFTC) going to prison!
Why might the CFTC officials go to prison? Because they lied, and continue to point to the same lies to justify their inaction and incompetence. In May 2004, they lied, saying that manipulation in silver could not exist as long as there was unrestricted access to the market by longs (p. 5), but in the same report, they admitted that position limits prevent longs from entering the market (p. 8)!
http://www.cftc.gov/files/opa/press04/opasilverletter.pdf
Michael Gorham, author of that report, voluntarily resigned 3 weeks after writing it, in 2004.
That is why I continue to point out that there are position limits in silver contracts at the NYMEX. Position limits are the achilles heel of the world's fraudulent paper and electronic monetary system. Position limits are trade barriers and unfair, and are clearly the opposite of free market principles. Billionaires who would take on the desperate silver shorts need to know about that obstacle, so they can figure out how to overcome it.
http://www.silverstockreport.com/2008/billionaires.html
Position limits were imposed to protect the silver shorts (but that's not working, just like all trade bariers backfire), and they are bleeding money to the tune of $366 million dollars for every dollar that the silver price rises. And if they cannot or do not cover, then they lose $3.7 billion for every rise of $10.00/oz.! And in case we go over $100/oz., they lose $37 billion for every $100 rise in the silver price (if they can't cover.)
Here's a great article on the silver to gold ratio:
http://www.dani2989.com/gold/10aggb.html
A study of the silver to gold ratio shows quite clearly why the price of silver should be about $100/oz. right now, or more.
Right now is not a time period of business as usual. A short squeeze is a very unique event. It's unusual and rare.
This is the beginning of what could be the event that has been long predicted by myself and many other physical silver investors. This is exactly why you need physical silver in your own safe, and why you should not trust any form of paper promises, certificates, or pool accounts, nor should you trust anyone to hold your silver for you.
You ought to get silver now. No delay. Not even one day. Get cash from your bank, and get yourself to your local coin shop before they close their doors to the public. I'm serious. No joke. Act now. This is the beginning of what could be the long awaited major panic crunch time.
Buying silver ought to be your top priority right now. In fact, the situation is so dire, that if I had a job and a 401k, that I'd seriously consider quitting my job to cash out the 401k to invest in silver; especially if the 401k contains more than a year's salary.
If you order silver over the internet or mail, then don't order all your silver at one time. Instead, spread out your orders among several dealers, or spread out over time, in case they begin to fail.
The conditions were so ripe for this short squeeze, that this is why I got my silver long ago, and this is why I prepared the following information, long in advance:
http://find-your-local-coin-shop.com/
Sincerely,
Jason Hommel
www.silverstockreport.com
www.miningpedia.com
U Obviously are NOT a marketing person...you think a rep can hit 18000+ auto boat rv cycle dealers in one week, one year, 2 years? for about a $9000.00 investment($.50 each nice mailer) you could mail every dealer a demo disk and then take the cream that raises hand first, phone follow up others to set appointments , meanwhile your rep has called maybe MAYBE cold called set appt and visited maybe 5 dealers , meanwhile the direct mailer to all auto, boat rv dealers is already taking orders - again u obviously are not a maerting person.....