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BE CAREFUL HERE.
The Cartel is going to try to hammer on the Globex.
Roger that, in a holding pattern waiting to BTFD.
ah, do we need to ask ourselves if this could have anything to do with the options expiry next week, and the bind that JPM finds itself in?
could PAAS be trying to "do a favor for the gods"....
while CDE's management figures they've been fucked with so many times over the years by JPM that they want a little revenge?
do not underestimate personal motives in this stuff....
and it would be very, very, very interesting to see how many shares of PAAS that JPM owns. .....
very interesting. let's all look that up.....
well slap me upside the head and paint me blue...do my eyes deceive me or does JPM own 1.6Million shares of PAAS......
this is getting beyond ridiculous as these guys manipulate markets, data, and everything else.....
and there is NO accountability. sickening. sickening.
And JPM is probably skimming some of that AG fresh from the mines, meaning that in all likelyhood, PAAS is producing far above their stated target.
Bear in mind that Pan American Silver has switched from trading in the US dollar to trading in the Canadian dollar. Joining an ever growing list of global companies that are abandoning the USD, in favour of less "volatile" currencies.
the shit is fucking obvious...right a 12:30 close n london the metals fall off a cliff....
for what??? because of what??? aint a damn thing change relative to global and domestic macro-economic dept spiral but somehow the Fraud Market stays green and the only 2 forms of real money suddenly halt n a clear march to the sky...
fuck all bankers.......
Thing is the price dumps and dumps.. never know when it'll correct
THIS is all you need to know:
BTFD if it gets to 37.20
already at $37.20!! haha SHEEEEEESS BAAAACCKKKKK!!!
But she is a lot hotter than Jon Nadler.
Yeah, new all time high London PM fix at $1447 and then, WHAM!
This kind of price action shows the desperation the cartel is having these days. All they can manage is a beatdown/retreat. Too many people now know their game plan.
BTFD if you can time the 2-3 minute low. Lol...
Shows this cartel, still has a sizable battle hammer to come down in a heart beat, too.
Lehman and Bear stearns gone.
"too many cooks, spoil the broth, bitchez!"
What is shows is what you can do with regulatory capture and bribes. Madoff looked invincible too at one time. This Ponzi will collapse as well.
Dude, HOW the fuck are you ALWAYS first, second, third comment? WTF?! [not hostility--amazement, curiosity & alarm]
Well, I just got an email from WELL KNOW PM BEAR technical analyst firm to short Gold and Silver around the highs of today - email was time stamped 14:15 EST....Nobody believes in these poor PMs, therefore, we're still good to go for awhile! Yippee
Look at that slamdown right before metals closes
No one seen it comming ;)
You would think someone was trying to paint a chart. ?
Yeah, who knew. Totally news-free scalpling. Beautiful in it absolute viciousness.
Can they paint an outside reversal for the "Metals have peaked" media fodder.
Faux News Headline @ 1:00PM = "Have Metals Peaked" ?
It's not the headline that's humorous it's your viewing choice.
Silly article, this is old news
How dare you challenge the hegemony of PMs on this website! Try 321gold.com instead. It may be friendlier.
It would seem Bob Moriarty was/is short Silver.
Bob Moriarty is an absolute douche when it comes to silver. He is either living in lala land or has an agenda to keep people out of silver. He is a bombastic arrogant cranky old man. That said, he does think Israel sucks and the War of (t)Error is a bogus scam based on a pack of lies so he's an ok guy with me.
perhaps demand isn't there?
Unlikely based upon other indicators.
However, maybe they don't want to pull it out of the ground now and sell at these prices when they know in 2 or 3 years they can get a whole hell of a lot more fiats for the same metal. With the price going up, they can mine less and still increase income and profits.
Is the bird worth more in the hand, from which it is promptly sold, or more in the bush, where it can be sold tomorrow at a much higher price?
Cog, this seems to explain the contango.
Judging from the Gold and Silver charts, the bird in the hand just shit all over me. :>)
I think todays pullback was just traders securing gains. No big deal the trend moves on.
I agree it could be as simple as that. It's a fixed market but still a market and many sell right before close on the Dow and S&P as well. We can't know for sure.
Peak silver? I think we hit that years ago. The fact that production rose in 2006 is meaningless becuase we don't know what accurate prices were. Peak (blank) is rising cost as supply dwindles. We know supply is dwindling and the cost was suppressed. The realization of the true supplies of silver will shock the world.
Gee. copuld we have ever of thunk that goldbeast had a down day last week, and they needed to do a quick pump and dump?
Like taking candy from a baby, while the baby mama was going for a smoke.
Oh, and you can rig fut option volitility for more premium with their behavior. The mena issues might have cost them a few bucks to contain, even if the whole thing was planned. But, the little tremor in japan may have changed the mix.
If you are not thinking out of the box, then realize these credos are acting out of it.
If you like the upswing, you should love the down-turn. Only then can you survive the coming swing-o-rama with a heart and head intact.
These guys making statement could be talking a play, sending a message, whatever.
The reality is quite simple. What did Gold and Silver do just before and during the great wars.
In a well managed mining operation lower grade ore is used during periods when the price for the metal produced is high. This extends and actually results in an increase in the mines reserves. This is a pretty basic mining practice for any well run operation.
I would expect all the silver and gold miners to be using as much low grade ore as possible right now. Obviously, when you run lower grade ore through your mill you end up with a lower amount of the metal....for example, if your mill can handle 200 tons per day of ore and you feed it ore with a lower net yield of the metal you are producing, you get less of that metal on an annual basis.
Correct....problem with a lot of Ag miners is that they were breaking even or loosing money at $18....
....with the very notable exception of Hecla which actually has a negative cost per oz of silver due to the bi-metals produced....
Another miner I own has costs running about $3 / oz for silver, after allowing for their lead, zinc, and copper sales. Since the company has good management, I expect they will be mining more low grade ore this year, thus increasing their reserves, but also increasing their production cost per oz. and decreasing the number of oz produced due to the mill capacity.
Hecla was not in great shape for a while. One of the very few miners that were making money when Ag was ~$14 was Impact Silver, a company that I have touted here on a number of occasions. I am currently looking at a 16-bagger on the shares I still own.
BTW, I prefer the Hecla preferreds, HL.PRB, not very often you get convertable cumulative preferreds in a PM company. There is plenty of pure equity exposure elsewhere to be had
And yes, the smart miners manage their ore in such a fashion. By smart I imply the ones that I want to own!
Eh, what do you do? I ordered at $37.96 today for my regular monthly order. Need to learn to take my own advice and buy at the end of options/futures expiry. These rises just have me scared, I guess.
The truth is, I want lower prices. The lower the spot price, the more impossible it is for these jokers to cover their shorts with physical, and the sooner this charade is over. If physical silver is not delivered, then it is a default, and the exchange will no longer be used to influence the price of physical.
Next Tuesday is "Roll" day for the March 11th contracts
That is what has me scared.
Who knows what will happen in the short run?
Your scared of gold bears that's for sure! Drink the rootin tootin raspberry and watch the metronome tick HAhahahahahehehe
Way to be incoherent, Willy the Loser.
What a douche, moron "the bastard" had to change his name.
William you Fucktarded Bastard/You Wish You Had A Long Juan:
It is way too early in the day to be drunk dude. We all know your trolling job isn't going well, but either sober it up or get into another line of work.
....That is what has me scared.....
In all seriousness, you've repeatedly said that price doesn't matter. So why does price matter today, and why are you scared?
By the way, I know you'll think this is antagonistic, but it's not. For months, I've been trying to learn why price doesn't matter, so I'm just curious when I see a contradiction of sorts. I'm hoping you may be able to provide some good advice why today is different - that's all.
In virtually everything I buy, price matters quite a bit. Am I wrong?
Nowhere near peak silver yet... but, the number of mines currently operating is peaked for now and new ones take time. This rise in price will bring some formerly marginal properties into play.
Ratio of Au to Ag production is 1:9
Crustal ratio is 1:16
IIRC ~25% of Ag production is basically investment, whereas ~100% of Au is. This implies 1:36 ratio of production going into investment.
Draw your own conclusions....
Silver has been mined for 6,000+ years. The USGS tells us that at CURRENT rates of production and use (not including new technological demand) silver will no longer be able to be economically mined in 20 years. If the world uses silver at HALF the rate as the US does it will not be available after 9 years. How in the world can you claim we are nowhere near peak?
Perhaps in the life of a nat!!!
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