Replies to post #1370 on ProShares Ultra Silver (AGQ)

[ozzy52]

i believe its going down a lot more

silver, gold, & oil are going down because the dollar keeps getting much stronger relative to the rest of the world's currencies.

Also, operation "Twist" which the Fed announced this week does NOT involve any "quantitative easing" aka money printing. Prior to the Fed's conference this week the possibility was there for more money printing which was keeping stocks and commodities (silver) at the higher levels. But since money printing was ruled out by the Fed this week everything dropped. If the Fed had announced this week that they were going to embark on another round of money printing then silver would have sky rocketed.

[Montanore]

They love to manipulate silver down in successive days. A lot of folks are predicting a crash on Monday. That might be the best time to get it...but you're right. It all looks bad now. This too shall pass.

Those bums jack margin rates on silver as it's going down and, of course, the insiders all knew it was going to happen and make fortunes on the rigging. The rest of us are forced to guess at their game. I'm not good at guessing when they'll pull their shenanigans. Neither are folks like T. Ferguson.

I can't believe how much I lost on Thursday and Friday. I thought they were out of ammo...obviously I'm wrong. They have the money printing press and as long as their debt fiat has value they can get away with it.