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Not looking good today. Looks like this is a dead duck until after the election.
Why would supply matter for shorting?
I thought they were shorting silver to suppress rates.
It is an open secret among precious metals analysts and traders that the gold and silver markets are being heavily manipulated, mostly to the downside; i.e. their prices are being suppressed by various Western financial entities in what should be a scandal much bigger than the Libor rigging scheme.
http://www.marketwatch.com/story/china-knows-that-gold-is-rigged-2012-10-24?pagenumber=1
Silver Demand In China For Wealth Protection to Climb to Record 7,700 Tons
http://www.zerohedge.com/news/2012-10-25/silver-demand-china-wealth-protection-climb-record-7700-tons
Whether it's deleveraging, spare capacity, dollar debasement, productivity gains, or just plain old obesity, in real purchasing power terms, an hour of your time has never been worth less. In the 40 years since Nixon's 1971 fiat-fiasco, the value of the average hourly earnings for US citizens has dropped 90% in terms of Gold. The last time that our labor's efforts garnered such a low value saw a twenty year credit-blown releveraging (from 1980 to 2001) to save-us-all; we suspect that debt saturation will limit the ability of any central bank to create such a 'recovery' in labor-value once again. Since the peak in 2001, 60 minutes of your valuable time has lost 81% of its purchasing power! Is this what globalization looks like?
http://www.zerohedge.com/news/2012-10-25/hour-your-time-has-never-been-worth-less#comment-2918347
When metals are about to turn around, CNBC posts these articles about how much metal bulls will be let down. Same circus, different clowns. Here is the latest, which signals to me that metals are about to reverse course and resume their positive trend.
http://www.cnbc.com/id/49546293/comid/2#comments_top
They really, really hope that metals don't rise in price because it will mean that they were wrong. These psychopaths would rather sink the ship than admit that they were wrong.
And the turn around begins. Sometimes I feel like the "better than expected news" is all scripted and released on cue. Just a few days ago all the media news was about how bearish everyone is. Just do the opposite of what these people tell you, you know they are.
March 2013 my friend.
Where are all my bulls at?
Big tail, up we go!
http://www.finviz.com/futures_charts.ashx?t=SI&p=m5
Hoping the weekly forms a big tail this week.
Oil is a fundamentals thing, inventories are really high and demand is dropping significantly globally.
Well there is one scenario. If demand drops off of a cliff then prices will crash. Even with all of the printing, there are hundreds of trillions of derivatives and phony debt obligations that exist and if they go POOF and get defaulted on, then the dollar's strength will explode (because the money supplies will drop hard,) especially if the Euro dissolves. Its entirely possible that they could dilute the inflationary effects by exporting dollars. Even will all of the industrial demand, if macro demand falls off then so will the industrial demand for silver.
Don't get me wrong, I an currently holding March calls so thats where Im putting my money but the price action in oil is scaring me.
Metals are risk free assets imo, bonds are not and never were.
Pffff...sucker born every minute and GS knows it. Do your own DD and trust no huge entities.
Thats because they ARE!
Here we goooooo!
Been following silver for years. With stable commodities such as silver the weekly chart gives you the most insight to future price action. Daily is more of a stocks thing.
50dma on the daily DOES NOT MATTER. The only chart that matters is the WEEKLY chart and it still have room left before it hits the 50dma.
Unless Romney turns off the spicket and we have deflation.
15 days until the election.
VWAP is a financial ratio and many algos use it to trade, ie; HFTs are using it. Makes sense since the market has been so volatile, although these VWAP algos might make it more volatile. Either way, if you know what they are doing, you can exploit their successes and failures.
The algo code has been leaked:
if ( price < vwap ) { buy; }
if ( price >= vwap ) { sell; }
Genius...
The algo code has been leaked:
if ( price < vwap ) { buy; }
if ( price >= vwap ) { sell; }
Genius..
DING DING DING. You absolutely NAILED it.
Thanks Google. Silver gets cheaper.
This is how you will know.
"In an episode of hyperinflation, money loses value so rapidly that people spend it as quickly as possible, which only feeds the cycle of pushing prices higher and higher at a faster and faster rate."
http://etfdailynews.com/2012/10/16/art-cashin-were-certainly-at-a-flashing-yellow-alert-on-hyperinflation/
Does anyone here still actually believe for one second that there is any reserve currency? lol
Plummeting real estate would definitely do wonders for home ownership. I welcome deflation with open arms.
Does it matter if they trigger a bond default if the Fed is the one who owns them all?
Daily chart doesn't really matter, the weekly guides silver. The weekly is going to form a very nice candle for the week imo.
Optimistic day.
Depends on inflation. If inflation gets out of control then they may have to jack rates way higher. Any mortgage under 2.5% is basically free money.
If it followed the same path and Romney won and shut off the presses the next top according to that chart would roughly be around when Romney would be inaugurated. The $64 million question is whether or not Romney will actually shut off the printing presses.
Looks like physical stackers are growing.
What is the signal?
YOLO!!!!