iShares Silver Trust (SLV)

[Bertsllc]

Silver spot has fallen below the 50dma over night. may bounce at 31.94 or test resent low of 31.62

[Bertsllc]

good question,
odd how they delayed the default date. i agree something bad is coming this way. and we all need to protect are investments

[jt6455]

They are running from something and the common 2 word theme seems to be euro and derivative. My question is "why a whistleblower now"?

What is so different now than the last 1-2 years? Things were always bad but are they less manageable? Do you think there is truth in that "march 26 Greece default date"?

Either way it looks like something bad is coming this way.

[Bertsllc]

Goldman Sachs Group in London, executive director Greg Smith Resigns

Smith complained in the letter, said: “I attended the derivatives sales meeting, the meeting did not spend even one minute of time to discuss how to help customers, but simply to discuss how we can earn the most profit from their customers,” he claimed that: “In the past 12 months, I have witnessed five, Managing Director of their clients is called a ‘fool’.”

http://www.financial-post.com/goldman-sachs-has-been-the-executive-director-of-criticism-evaporation-of-more-than-2-billion-in-market-value-on-the-1st.html

[Bertsllc]

here's the link to J P M chase email...

http://the2012scenario.com/2012/03/j-p-morgan-employee-blows-the-whistle/

[americano]

So True This Message board has near zero effect on this , but its a place to vent about prospects on or bash pump and or be nutal : )

SLV Longterm Bull here, its to cheap, but I would not mind if it sold off tomorrow.

[americano]

The longs maybe little weak but not 22 weeks, if ya know what I mean.

I will be plunking some in soon higher or lower does not make any diff to me, long term silver is one of the best if not perhaps the best, time will tell.

[StockSniper00]

Don't worry buddy, youll get $22.

[hotrod34racer]

That’s funny I was thinking about that on my way home from work today. When the market opens in the morning if I took my entire life savings and slapped SLV on the ask I probably wouldn’t move it .01-.02 at most but I can remember making sub pennies run with 10k lol…

I have almost all but quit trading now.



Cheers Buds \_/

P.S. stealth bomber just buzzed my house again! Never really get used to them, you don’t hear them until there going away and it never fails to scare the shit out of me!

[Extreme4Reality]

Silver: Strong January = Coming Crash


Every strong January that silver has ever had, has been followed by terrible crashes in silver as the year progressed.

http://www.minyanville.com/sectors/precious-metals/articles/silver-silver-price-price-of-silver/3/5/2012/id/39732?camp=syndication&medium=portals&from=yahoo

[americano]

This one deserves a Stick I think, good work on the Debt to Gold

[MoneyBags77]

Here Is Why Everything Is Up Today - From Goldman: "Expect The New QE As Soon As April"

[americano]

He said he is not giving his name, so it won't have any effect more than us on this message board , which have about zero effect on Silver Gold , only effect we have is on penny stocks, scamming them to or other friends on board, pumpin or Bashin, little in the middle. I rather Be pumping than bashing, bashing is to easy to do.

We are small scam artist with little to no effect on big plays like gold oil Silver Bread Water etc.

[MoneyBags77]

Dollar Strength Temporary: Is it a Result of Record Debt ?

Amazing what a week will do—apparently, the dollar is much more valuable today. But in reality, this temporary dollar strength can not be predicated on the U.S. advancing in the accumulation of the largest debt in the history of the world. To those with common sense, an unsustainable debt is obviosuly a problem—but for some, an ever-expanding debt isn't a problem—it's a reason to celebrate.

The reason it is not a problem, from the perspective of a select few, is that without an ever increasing debt, we have monetary deflation (The nemesis of those who conjure currency) causing institutional insolvency and bank failures. Stop-gap measures such as suspension of mark-to-market accounting and GAAP standards helps in the short run. But debt expansion and a larger supply of currency is the solution.



This is why you see the "two-party system" both perpetuate large debt expenditures, such as socialized healthcare, the welfare state and war.



The best way to measure dollar strength is to invert the gold chart (below). Today you can save in ounces of gold, by trading in only 1,650 dollars. Earlier it may have taken 1,700 or 1,900 when the U.S. economy was perceived as weaker. The fundamental value of the dollar is headed lower, as you can see by its long-term decline, which makes sense, in tandem with our rising debt and dilution resulting from printing. Observe the acceleration of the downtrend after the crisis.



The Federal Reserve Note (dollar) Value:







More debt and the debt ceiling hikes (below) translate into an impressive correlation to the weakness in the dollar, a reflection of the health of the nation.
Tyler Durden put into words so succinctly exactly how everyone is feeling:

"In conclusion we wish to say - thank you Chairman for the firesale in physical precious metals. We, and certainly China, thank you from the bottom of our hearts."

[Extreme4Reality]

Silver Worth $6-$9 Per Ounce

As industrial metals, copper is worth about $3-$4 per pound and silver is worth about $90 to $130 per pound ($6 - $9 per troy ounce).

A great deal of silver (more than we consume each year) can be profitably mined for under $6 per ounce. Much silver is mined for free as a byproduct of other mining activities.

Speculation and hoarding has temporarily pushed silver prices sky-high, but hoarding bubbles never last. The last time the silver hoarding bubble deflated (3+ years ago) silver fell to $8.xx per ounce.

The silver bubble caused by hoarding and speculation is now deflating

[Extreme4Reality]

US Dollar Rises in Value, while silver sinks

Smart folks are dumping crash-prone silver and moving to the safety of the rising US Dollar (dxy)

[hotrod34racer]

I like mine with just beans and water! lol... looks like I'm not getting those maples right away?



Cheers Buds \_/

[hotrod34racer]

No signature = no credibility IMO

You see anyone could have written this, including me and I don’t work for JP



Cheers Buds \_/

P.S. if it’s any consolation I do believe that there crooks! Lol….

[americano]

Yes Hong Kong Took it lower yesterday, hopefully a knock down tonight. Dollar Trying to bounce aft hr.

[Bertsllc]

Hong kong about to open

[adamp]

I lived in vegas for 5 years... quite a shit-hole overall. They're giving away homes there though...

[americano]

Nice Chart Tea For Now Waiting in hopes take down tonight, for a grab maybe tomorrow , maybe not.

[Bertsllc]

Coffee or tea ? ...

[StockSniper00]

The strip in Vegas is full of bright lights and tons of people. I've been twice this past year. Was PACKED.

[Yeti]

Can someone pass this to Alan C on the NSS board ... Thanks

JUST READ>>>>>>>>>!!

This got posted on the official CFTC site? Someone is going to be looking for a new job.

Let us see if it is there this evening.

From: Z A N
Organization(s):
JPMorgan Chase

Comment No: 57019
Date: 3/14/2012

Comment Text:

Dear CFTC Staff,

Hello, I am a current JPMorgan Chase employee. This is an open letter to all commissioners and regulators. I am emailing you today b/c I know of insider information that will be damning at best for JPMorgan Chase. I have decided to play the role of whistleblower b/c I no longer have faith and belief that what we are doing for society is bringing value to people. I am now under the opinion that we are actually putting hard working Americans unaware of what lays ahead at extreme market risk. This risk is unnecessary and will lead to wide-scale market collapse if not handled properly. With the release of Mr. Smith’s open letter to Goldman, I too would like to set the record straight for JPM as well. I have seen the disruptive behavior of superiors and no longer can say that I look up to employees at the ED/MD level here at JPM. Their smug exuberance and arrogance permeates the air just as pungently as rotting vegetables. They all know too well of the backdoor crony connections they share intimately with elected officials and with other institutions. It is apparent in everything they do, from the meager attempts to manipulate LIBOR, therefore controlling how almost all derivatives are priced to the inherit and fraudulent commodities manipulation. They too may have one day stood for something in the past in the client-employee relationship. Does anyone in today’s market really care about the protection of their client? From the ruthless and scandalous treatment of MF Global client asset funds to the excessive bonuses paid by companies with burgeoning liabilities. Yes, we at JPMorgan that are in the know are fearful of a cascading credit event being triggered in Greece as they have hidden derivatives in excess of $1 Trillion USD. We at JPMorgan own enough of these through counterparty risk and outright prop trading that our entire IB EDG space could be annihilated within a few short days. The last ten years has been market by inflexion point after inflexion point with the most notable coming in 2008 after the acquisition of Bear.

I wish to remain anonymous as of now as fear of termination mounts from what I am about to reveal. Robert Gottlieb is not my real name; however he is a trader that is involved in a lawsuit for manipulative trading while working with JPMorgan Chase. He was acquired during our Bear Stearns acquisition and is known to be the notorious person shorting in the silver future market from his trading space, along with Blythe Masters, his IB Global boss. However, with that said, we are manipulating the silver futures market and playing a smaller (but still massively manipulative) role in manipulating the gold futures market. We have a little over a 25% (give or take a percentage) position in the short market for silver futures and by your definition this denotes a larger position than for speculative purposes or for hedging and is beyond the line of manipulation.

On a side note, I do not work directly with accounts that would have been directly impacted by the MF Global fiasco but I have heard through other colleagues that we have involvement in the hiding of client assets from MF Global. This is another fraudulent effort on our part and constitutes theft. I urge you to forward that part of the investigation on to the respective authorities.

There is something else that you may find strange. During month-end December, we were all told by our managers that this was going to be a dismal year in terms of earnings and that we should not expect any bonuses or pay raises. Then come mid-late January it is made known that everyone received a pay raise and/or bonus, which is interesting b/c just a few weeks ago we were told that this was not likely and expected to be paid nothing in addition to base salary. January is right around the time we started increasing our short positions quite significantly again and this most recent crash in gold and silver during Bernanke’s speech on February 29th is of notable importance, as we along with 4 other major institutions, orchestrated the violent $100 drop in Gold and subsequent drops in silver.

As regulators of the free people of this country, I ask you to uphold the most important job in the world right now. That job is judge and overseer of all that is justice in the most sensitive of commodity markets. There are many middle-income people that invest in the physical assets of silver, gold, as well as mining stocks that are being financially impacted in a negative way b/c of our unscrupulous shorts in the precious metals commodity sector. If you read the COT with intent you will find that commercials (even though we have no business being in the commercial sector, which should be reserved for companies that truly produce the metal) are net short by a long shot in not only silver, but gold.

It is rather surprising that what should be well known liabilities on our balance sheet have not erupted into wider scale scrutinization. I call all honest and courageous JPMorgan employees to step up and fight the cronyism and wide-scale manipulation by reporting the truth. We are only helping reality come to light therefore allowing a real valuation of our banking industry which will give investors a chance to properly adjust without being totally wiped out. I will be contacting a lawyer shortly about this matter, as I believe no other whistleblower at JPMorgan has come forward yet. Our deepest secrets lie within the hands of honest employees and can be revealed through honest regulators that are willing to take a look inside one of America’s best kept secrets. Please do not allow this to turn into another Enron.

Kind Regards,
-The 1st Whistleblower of Many

[americano]

How Much Do You all think the option puts will effect aft and tomorrow?

[americano]

Aft Hours Longs Like Myself Filling More Pain, hopefully they have some powder, and every pull back makes for happy loading zones.

[americano]

Barchart Opinion short term sell SLV and Long Term Buy:

http://www.barchart.com/opinions/etf/SLV

Probably Doesn't mean much , nothing does with Silver, hard to pump it or bash it either way, and be right more than a flip of a coin short term.

[americano]

Your Absolutely Correct a big down tomorrow could shake some more longs, I will probably just go in 30% buy , if I can manage to control myself.

[hotrod34racer]

See I don’t know that would be a big old volatile move from $32.51 to $29.00 between now and tomorrow and if it did make such a move would it stop or go to the 26-27 range and then a big bounce? See this is why I don’t predict just react to what I see during the trade. I got in the last dip @ $27.50 on some sunshine rounds, well SLV was at $27.50 @ the time.

Let’s see what tomorrow brings my friend.



Cheers \_/

[jt6455]

Thanks man

[jt6455]

I picked up my first maples at 27.00 back in Dec when everyone was calling for 22.00. I'm no good at timing these things but I'm sure may are.

The maples are nice but nearly as cool as the blow up floating BBQ. Too funny man lol

[hotrod34racer]

My hats off to that post!

I could endure 5 or 10 years of pain if my child could chase a real American dream and not the dangling carrot that I spent my life chasseing! lol...



Cheers Buds \_/ and an extra for a great post! \_/

[americano]

29 SLV Tomorrow would make me real happy, for loading

[americano]

What's The Best Realist Estimate For a bottom entry on the SLV on this Board ? Please be Realistic , like to get as honest opinion as possible from each and everyone, appreciated much so in advance.
I'm Looking at a possible entry 28-31. SLV

[hotrod34racer]

I guaranty you there is not a single china man out there with a blow up floating BBQ but the freak down the street from me has two incase one pops! Lol… undoubtedly imported from China, I truly believe that they sit around in board rooms dreaming up the next piece of plastic junk to trade for American wealth while laughing there asses off about how stupid we are.

As fare as silver, I would jump on $29.00 tomorrow if it shows its head! Still want some maples, that’s one of the ones I don’t have yet.



Cheers Buds \_/

[jt6455]

Its not impossible if the US can debase its currency faster than the rest. As a matter of fact I see the US overhauling into a once again manufacturing country with a growing trade surplus but only after the USD bottoms out.

Of course by then Washington will be gutted and cleansed of its political fat and power hungry leaders. You know how this story plays out and to your point history does not lie.

[americano]

Nearly impossible to wean us off the cheap Chinese products, unless a real great depression makes us start all over again, in that case history has a huge price increase in gold and silver as well if history has a say.

Other wise sure like to see a 28-30 loading zone tomorrow on slv, could be.

Dollar gain aft.

[hotrod34racer]

We could cut off all trade and close the borders and we would still be just fine.

I live in Washington State and without Boeing and Microsoft this place would make Detroit look like the strip in Vegas IMO lol…

Now I would like to point out that post is and still is my opinion! And only my opinion, so you take it with a grain of salt and I can respect that, for that is your opinion and again IMO that is what makes this country great!



Cheers Buds \_/

[americano]

I know of a few in Asia that are about 5 years out for any production, if the big miners stay invested.

[StockSniper00]

Not true at all. We could cut off all trade and close the borders and we would still be just fine. The over consumption is created by an excess of credit in the system.

Are economy I.E. the USA has no real intrinsic value, it consumes more than it produces, and this consumer driven way of life backed by “The Worlds Reserve Currency” I.E. US fiat can not sustain it ways IMO not even with changes.

[jt6455]

There are a number of Jr's with significant reserves proved up. Until they are acquired by the majors or JV'd and into full production I'm afraid they will be out of sight out of mind. Kind of like the real unemployment numbers.

The fiat fanatics do not want to see any new "discoveries" IMO as it goes against their principle argument of "there is not enough resources" lol

[americano]

Da Puts Smile This Month, looking forward to calls come back April.

[americano]

Could get another pull down tomorrow as puts out weight the call big on options expiration.

[americano]

Yes Because The Fact Is Silver is mostly a bi product of other metals and is becoming in shorter supply , unless a volcano pours out pure silver.

[jt6455]

I dunno I saw the news release and chuckled at the thought of it actually being real. Who knows it could just be propaganda like everything else that comes from the global media.

[americano]

What Is Their Mining Skills for this, any website? thanks

[jt6455]

Maybe Mr Billionaire doesn't wanna share? Self-finance, pull the gold out of the ground and trade it on the new Singapore exchange? Just a thought

[americano]

Don't know If They knock it more or not probably because still lots of Puts in the money, calls mostly out of the money.

momo should be on the down, but aft hours is not wanting to go down.

[americano]

It Could Get I be making a first buy before that though, at least 30% plunk in 29-30 area.

MOMO has been down so it could dip some more.