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Commodity Flash Crash Part Two As Senators Demand Immediate Position Limits In Crude
Today is shaping up to be an identical replica of the action from last Thursday as seen on the chart below. That's two flash crashes in less than a week. Whether this is driven by another margin hike known only to the CME and its closest, or due to news from Reuters that 17 senators have written to the CFTC to immediately crack down on excessive speculation in crude oil, is unclear, and largely irrelevant. The outright campaign to stomp out any non-stock trading is in full force. The message is clear: the only place where investors can henceforth put their money in is in stocks.
And from Reuters on the latest attempt to push all commodities to zero, via Reuters
A group of 17 U.S. senators called on the Commodity Futures Trading Commission on Wednesday to immediately crack down on excessive speculation in crude oil markets by hastening planned rules to limit concentration.
In a letter to the CFTC's chairman and commissioners, the lawmakers said they wanted the agency to unveil a plan by May 23 to impose position limits in all energy futures markets, beginning with crude oil. The agency has already proposed such limits as part of the financial reform, but has not finalised them.
The senators said the recent drop in crude oil prices, which fell nearly $10 a barrel in one day last week, defy supply and demand conditions. Oil prices bounced back almost $6 a barrel on Monday, but then fell more than $5 on Wednesday. Gasoline prices slumped by more than 8 percent.
"The wild fluctuation could only be the result of rampant oil speculation, plain and simple," said Senator Ron Wyden, one of the lawmakers who wrote to the CFTC demanding action, in some of the strongest language attacking speculators since oil prices surged to a record $147 a barrel in 2008.
"The CFTC needs a plan to impose position limits on oil speculation before oil speculators drive up prices even higher just as Americans go to the pumps to fill up for Memorial Day weekend," he said.
The CFTC is weighing new rules that would slap limits on the positions of big commodity traders, capping how many futures and swaps contracts any one company can control.
The Dodd-Frank law passed last July gives the agency the power to set position limits to curb excessive speculation in 28 commodities, including energy, metals and agricultural markets, "as appropriate."
But some of the agency's own commissioners are skeptical the limits would prevent a run-up in prices, and experts and traders have long said the rules risk making markets more volatile by reducting liquidity.
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Speculators speculate on events that might impact oil prices. They do not _create_ those events. Banning onion speculation didn't change anything so I doubt it will for oil.
http://money.cnn.com/2008/06/27/news/economy/The_onion_conundrum_Birger...."
Who are the 17?
Don't worry about silver droping too much,the CFTC will look into it too...
Sick,corrupt mother fuckers...!!!
Feels like a setup for the people in the know to stock up before more easing is announced. BTFD.
http://www.youtube.com/watch?v=g10kNyuLuF4
Anyone considering that today and last Thursday are just liquidation days from the hot trade. There does not need to be some daily diabolical scheme or sinister force.
"There does not need to be some daily diabolical scheme or sinister force." or ignorant fools.
Sorry not with the let's get physical crowd and I'm wondering why they are complaining because they are holding for Weimar America. Price should not matter to them because they have a plan for their silver when the world comes to an end. I'm not sure what that plan is but they have one you can bet on it just as confidently as they have plan a for all their ammo and guns.
They despise FRN's so much I'm really having a hard time comprehending why they get so upset when the price of silver drops in FRN's it's really a conundrum.
Do they secretly covet FRN's. LOL.
on Wed, 05/11/2011 - 15:43
#1264617
Sorry not with the let's get physical crowd and I'm wondering why they are complaining because they are holding for Weimar America. Price should not matter to them because they have a plan for their silver when the world comes to an end. I'm not sure what that plan is but they have one you can bet on it just as confidently as they have plan a for all their ammo and guns.
They despise FRN's so much I'm really having a hard time comprehending why they get so upset when the price of silver drops in FRN's it's really a conundrum.
Do they secretly covet FRN's. LOL.
***************************************************************
Once again.. for the stupid people in the nose bleed who could not hear me before!
why does China get the benefit EVERY fucking time the CFTC manipulates the markets for the benefit of America?
Why cant America benefit? instead of China.. I want to be able to front run the great news before China runs the prices back up! EVERY FUCKING TIME!
Do you better understand you dumb fucking bottom feeder?
When the silver price drops, the "physical" crowd get excited about the opportunity to "back up the truck".
"I'm really having a hard time comprehending why they get so upset when the price of silver drops in FRN's it's really a conundrum"
They're upset because truth & reconciliation is being delayed. They want the game to end. When PMs go down relative to FRNs, the game continues. They do not worship PMs. Rather they believe TPTB have lost their right to power and should be replaced. Game over.
I just BTFD again and will continue to do so. All the fundamentals are in still in place for a currency crisis. I truly do not worry about the US Dollar because I know it's on the Wiemar path. The Democrats and Republicans will do nothing about our current debt problems except to pile on even more debt like the wife that keeps maxing out credit cards until her husband give up and declare bankruptcy to end her wild spending.
"There does not need to be some daily diabolical scheme or sinister force."
Until the Fed is abolished and government medling in our markets comes to an end, yes, yes there does.
There is no money to be made by ignoring reality.
Price controls don't work fellas. Banana Republic Finance 101.
Fuel rationing bitchez!
Consumption (fuel, food, utilities) rationing and/or military conscription is about the only thing that would get the sheeple to stop watching American Idol and read more history books.
Do they still have "Social Studies" class in middle school anymore? How many kids take AP History in high school? (and not just for the college credit but to actually learn something)
*deleted* re-post
It seems that quite soon we may expect mandatory retirement contributions to support stock market.
Sound's plausible in the realm of Fascism. For some reason I don't doubt this prospect.
Maybe these sick mother fuckers(CFTC) can look into why their is a Federal Reserve System,in the USA,and what can be done to oust them.
As they are NOT FEDERAL...and have NO RESERVES.
And why does the USA Federal Goverment ALLOW them (the non federal/no reserves corporation) to use the word FEDERAL, when it is CLEARLY not.....???
Deception is the American Goverment way....
Fucking Preach It from the Mountain Top Brother!!!!
KILL! THE!! FED!!!
Executive Order 11110!!
These ridiculous senators 'clamping down on speculators' must have poor Ron Paul shaking his head.
Its like if Bernanke's Hells Angels came roaring through town busting up the place, causing a little oil-trader kid to spill his slurpy, so the chicken-shite Congress cops grab the kid and chuck him in the clink
So instead of panic inside of Comex as ZH predict, we have panic inside zerohedge over the collapsing silver price
Would you be so kind as to find ONE post from a ZH physical metalbug that even COMES CLOSE to exhibiting panic? If not, please go fuck yourself.
Amen brother! +1
Nice. You have to be careful when Robert Kiyosaki and CNBC are touting your beloved asset, silver. Best to run for the hills.
+1 I took the contrarian position when ZH started posting hourly updates of the silver price.
Now they claim physical silver is unhinged from paper because people are bidding a $10 premium on Ebay for silver.
My bet is someone will get a PhD in psychology studying the let's get phsysical crowd.
yes i believe in the future psychologists will use zerohedge's silver posts to illustrate the mental state of some one trapped in a speculative bubble
on Wed, 05/11/2011 - 16:49
#1265011
yes i believe in the future psychologists will use zerohedge's silver posts to illustrate the mental state of some one trapped in a speculative bubble
***********************************************************
What production / sales models are you looking at?
Tyler just put one together yesterday or maybe the day before with the commercial draw down.. which clearly showed the retail crowd supporting the numbers..
so? I dont understand.. you dont review the facts.. but you dont buy based on your gut?
that is a psychosis.. buying metal that is a finite resource that has broad retail support is not, sorry.
Which persona was that under? You've only been around here for about six minutes.
"So instead of panic inside of Comex as ZH predict, we have panic inside zerohedge over the collapsing silver price"
Meizu, you missed your calling, you should have been a comic.
Panic is finding out your 401K has been destroyed by a perpetual motion machine turning out not to be perpetual. Panic is having the rules of the game changed when you are too old to start over.
Physical gold and silver is the essence of sleeping well at night.
Nice melodic response to that bit of Orwellian double-speak
No panic here, we shorted the shit out of the paper today again. Actually started yesterday and piled on today. Paper fiat profits = buy physical for this camp!!
Ram the price down and we keep buying.
Stocks bitchez!
Here is how you do it....
Find a doable product whose ....
Asset physical value is 100....
Create paper trading instruments whereby the value is 1000.....
And then let TAIL WAG DOG....
.........
Want it even simpler ....
Let´s say there is a box with one item in it that costs $10.....
Then marketing and insurance companies create paper worth 10X the cost of the actual physical item....
So how can the price come anywhere close to the actuals .....
Simple answer....the price never represents the actuals....
This is the game guys....
.................
Actual physical oil would be selling for about $25 per barrel....if all the non physical paper trading items were removed....
Then...capture the government worker side by providing real paying crossover jobs...then voila....you are in JEWYORKCITY.....
Exactly. Markets awash in derivatives so greatly outweighing the underlying asset, don't magically "find value" as so many talking heads (who don't trade) are wont to opine, they just plain run over anyone who thinks this has anything to do with the underlying asset.
..but..but..they got bin laden! It's supposed to be a brand new day!
In about a million years someone will be burning him as fuel.
Attempts to control prices by limiting or controling markets always results in just the opposite of what the politicians intended. Just ask any Venezuelan what has happened as a result of Hugo Chavez' actions to try to control prices. Attempts to restrict capital markets results in lower overall production and more limited supplies. It also tends to cause capital flight that sinks the home currency. That's the last thing the Dollar needs right now! Higher prices over the medium to long term are assured because of the misguided tyranny of people like these. We should publish the names of all 17 Senators so that we can blame them later for gasoline prices that will be MUCH higher as a consequence of their actions.
"It also tends to cause capital flight that sinks the home currency."
You mean like fleeing to physical gold? Capital flight and central bank buying is exactly why they will continue to knock down the price of gold and silver. It isn't evidence the gold bugs are wrong, it is evidence that after several decades, they are finally right.
NFLX + $3 in 1 hour who cares about commodity flash crash. Shooting up into the close. Flight to safety. No crash here
silver / NFLX is the new trade!
fuck that.. I will own $0 - $5 silver and $0 - $600 Gold.. by the box full before I buy NFLX! EVER! with a gun to my head! I would NOT buy that shit!
Google and Amazon will gobble up NFLX. When they are against the ropes, the winner will acquire them.
Can I eat NFLX or burn it in my truck?
So last week it was Thursday.
This week it's Wednesday.
Should I expect silver to take a shit next Tuesday then?
(Just trying to plan my weekly trip to the local coin dealer).
No, plan for a beat down Sunday night just before a holiday, when the markets are closed in NA, and when volumes are at their lowest.
See, the way to win a fight is to fight unfair, like JPM or HSBC. If you can't out smart or out play your opponent, go after them when they are asleep and use manipulative, subversive, and criminal actions to win. That's the new methodology for investing in the US ponzi: Lie, cheat, steal, and manipulate your way toward a bonus.
Gotta love this great nation of sleeping people and criminal leaders.
Lets hope not. I am planning my next trip also.
Just don't tell my wife.
She lost BIG time since she cashed in a 401 and took physical. I am in long and she did not expect to see such a loss so quick. Trying to convince her to quit looking at that damned comex and rub the PM all over her body and feel good about it.
Have her buy some (so its not out of her 401k) and re-sell it on e-bay for $50 - $65 bucks.. not proofs.. just regular eagles.. she will feel better.
The paper price.. which gets you no physical..
unless.. you buy some paper, lease the physical to then re-pay the lease when you stand for delivery.
But back to ebay.. let her buy one.. or give her one of your eagles to sell on ebay.
watch her mind change! real physical in hand costs more than paper that gets you more paper.. no matter how many times they manipulate the markets!
Nobel idea JW, with a hint of romance. Don't find that here very often. Commended.
I gave her a 1989 Bu eagle for Mothers day which is the year her daughter was born. I did take her to Ebay and found that that coin was selling for about $68.00. That did bring her attitude up a bit, yet she is somewhat fatalistic and watches the spot on comex each day and each night tells me how much she lost.
Do you know of a good silver shrink?...:)
Get her reading some apocalypse fiction, (One Second After, and maybe a little Alas Babylon) and a healthy dose of James Wesley Rawles. When she's done, she won't care if it's only worth $5, she's just gonna be damn glad she's got it.
wait for the price to go down.. more if possible.. 3 day bounce last time.. and then on the low, low day.. take her into the coin shop and have her ask the guy behind the counter for some eagles at $2.50 plus spot or $3 plus spot..
and then have her ask how much it would cost to have the nice man behind the counter how much do they really cost.. and take her to as many coins shops as need be.. on the upside you may find a deal! if you do cut me in! lol
Went shopping last Friday when it bottomed out. Out of the four branches my coin shop has, I bought their entire inventory of......25 eagles!! I don't care what people say. There just isn't much out there. If it continues on the path it is today, I will go out and see if I can find more. Wish me luck.
Why did you go "all in" Silver man? Why couldn't you do 50/50 Gold/Silver. I have been harping about Silver for more than a month. Convert your physical Silver to Gold NOW, or you will regret. There is no physical shortage of silver. people are turning their silver plates to coin shops as we type here...
"The message is clear: the only place where investors can henceforth put their money in is in stocks."
Um, or physical....
I think the message is "buy bonds, especially short-maturity treasuries."
Debt ceiling likely already breached, Ben needing help lifting the load of ponzi paper.
Gotta finance the gobmint, ya know.
Should calls be made for position limits in the silver futures market we can expect for the spot demand to explode further.
Bring it on.
LOL. These guys want to pump liquidity into the system, and now they want to control where it goes. That'll work. Watch as all the trading goes to London.
These 17 senators should receive emails from the zero-hedge reading public about the manipulation going on in the silver futures market.
Let's have their names and email addresses.
++++++++++++++++++++++++++++++++++++++++
if someone can or would throw together a list and maybe someone with a Flaire' for righting! can or would pen a nice group general letter we all could fire off?
Please?! and Thank in Advance of any of the talented souls who would be so kind!
I wrote my congressman and both senators last night, asking them to explain how we had managed to breach the debt ceiling yesterday, and would be blowing it out of the water by the end of the week.
I write them quite often, and am accustomed to at least getting an auto reply. (Occasionally my Congressman will reply, but he's a long time good ol boy and I've known him forever.) On this topic however, I've heard nothing but the sound of crickets. Maybe they're still all researching "redemption".
The jewish paper-ponzi scheme,
which is based on the fake illusion that a colourful piece of paper with a funny number on it somehow represents "value", while in fact it's just a debt securitization, which is a liability, which is a promise, which can be broken
continues.
Did they write this somewhere in the Talmud ?
As far as I can remember,
the Lord Zebaoth on Mount Sinai gave Moses the 10 commandments written on two slabs of stone, where one commandment said:
You shall not steal.
Creating inflation by printing money and handing it to crony banks
IS THEFT !
The biggest theft in the history of mankind !
We're not talking about some candy bar taken from a sweets shop here.
We're talking about trillions !
So Ben Shalom Bernanke is breaking the laws of his own religion every day when POMO is scheduled.
He's a true believer, my friends.
The caveat here is that this letter, edict, doesn't apply to the Senator's friends and contributors (ahem) at JPM and GS, who are doing all the damage anyway.
Another day in the USA.
One thought about this silver futures manipulation is that the military-industrial complex needs silver for their smart bombs and so on.
So perhaps having a supply squeeze is good for the world on account that production of smart bombs and so on will fall off drastically.
And one less reason for people to sell their physical silver.
Starve the monster, YEAH.
Evening news ran with 'evil commodities speculators' as its headline story. This is therefore the peak of the current commodities run up. Deflation incoming Mr.Bernanke, better start laying the groundwork for QE3.
Next year we will be talking about the same thing, except commodities will be higher and the dollar lower. Rinse and repeat.
U.K. evening news that is.
They're all part of spec qaeda.
Next step, nationalisation of the oil companies. :)
You heard it here first.
Nationalize 10 of the Top13 Forbes 50 companies? Nah.
It's shocking how the level of manipulation and control over the markets goes, but also now has come to a point of hilarity because these assholes are becoming more and more desperate and pathetic in their attempts.
Is it possible that all these margin hikes in commodities are forcing the unwind of a bunch of carry trades (like the AUD/JPY), causing weakness in the broader market?
Get out of every paper asset; stocks especially: US Mint gold/silver bullion coins receiving favored status with no capital gains.. We'll see many more months where gold eagles are off the charts from the US Mint if the mint can keep them in stock. Can't keep silver eagles in stock. I see states front running their own legislation to exit the FRN.
http://www.constitutionaltender.com/ Follow this web site occasionally to see what states are ratifying gold/silver legal tender laws and what states are being added to the list
of 15 currently. These states don't want any more shrink-er USDinker dollars in their treasuries. You may know the measured exit out of paper fiat dollars is accelerating by ratifications and more states wanting in on
gold/silver preserving a states wealth over debasing paper dollars. The
game being played to stampede people away from physical gold/silver continues. Those who lose will be holding the most stocks in USDinker dollars when the financial iron curtain falls upon AmeriCON'd; gold & silver taking King & queen position of the world financial system over fiat debt based currencies racing to zero. Who didn't know this would implode. It was designed to implode. Don't be the last to wake up to this revelation.
Buzlightening,
The no capital gains status of American Eagles can change in an instant. Not only that, they can confiscate what you have. Maybe it's better to buy more bars for less money than to rely on a government promise from the same government that drove you to purchase the gold in the first place. (IMHO, I don't know, but would be interested in someone telling me why the eagles are better.)
Smiddy! Why trifel with mofos; bankster fraudsters in bed with our corrupt government. May just have a false flag tomorrow and shut down the entire financial system as 911.
Position limits are a good thing. Rember 2008 Brent traded $90- to $147- to $40- --thanks Vitol and others. I use these these commodities i am fed up with the price being hijacked.
+1. I can get behind this. If gold and silver have to take a beating then so be it. Real people are suffering (around the world) under high oil prices.
Real people are suffering (around the world) under inflationary monetary policies.
let the American people play with money in order to prevent WWIII... more tax cuts, more subsidies, less acounting #WINNING
.
its like now that OBL is dead why are win in afghanistan... to save his ex-wives... or prevent the russians from taking over
But, assuming Wall Street owns D.C. (and the City owns the Conservative party over here: just see the top political donors list), we can safely bet on this latest round of anti-spec rhetoric being nothing more than hot air and political populism. I'd be surprised if the real insiders didn't know it was coming. As soon as we see the end of QE2 and a brief return to normal things will die down and the insiders will load up on futures again in anticipation of more money printing.
SLV is trading like an Internet stock in 1999 now. People just have to get in tune with the movement. Great sums of money were made ( then lost) on riding the ups and downs of high beta stocks back then. High Beta Commodities ? What's the difference? Goldman Sachs was behind all of it and still is.
I wonder which senators (aka idiots) signed the stupid thing?
the senators are just posturing, like the prez & atty general. the CFTC has had a bit of dialogue w/ the public on this topic.
CFTC seemed ready to pull the trigger a while back; then stopped. then the prez & AG start with investigating oil^^^, when they already have evidence for silver suppression. now, this--the senators chiming in about a year after CFTC started looking at this stuff. bankster robotic bait & switch. your goobermint at work.
and, the usual suspects saying: these are global markets, if you limit us, others will take the trade.
i've done some wild & crazy things in markets, but i've never had the urge to open a commodity trading account.
the price of fuking gasoline goes down limit 25 cents, and our elected leaders want to interfere, immediately!
WHAT A FUKING JOKE!!!
NYH RBOB Gasoline (RB, NYMEX): Monthly Price Chart
Tops in on the FTSE by the looks of it. (Brits are realists rather than optimists)
The only way is UP! Yazz and the Plastic Population.
http://www.dailymotion.com/video/xekvx_the-only-way-is-up-yazz_news
Come on, Ben, I've got your song! Print! Print! Print to the music!
nice call, '71. hope you nailed it!
This just came across my FX ticker.
Republicans considering one year tax holiday on foreign profits similar to Homeland Reinvestment Act of 2005. Could lead to repatriation of 1 trillion dollars.
Fools, do you really think people wan't the country to be ruined if they did why wouldn't they just borrow your glocks and shoot themselves.
Dollar bitchez!
Democrat senate and obama will never let that happen.
Get dickhead durbin on it - he's all about helping the little guy, so long as he can grandstand it
You know, back in the old days, you didn't have to worry about the "country risk" part of the equation when it came to the US....
Scariest phrase ever:
"We're from the Government, and we are here to help."
Vote Ron Paul.
You didn;t really believe you'd win against these bastards did you?
Silly rabbit Tricks are for Senators and Governors not little fish like us.
You don't beat the man, you hide behind the door till he passes
What did Jeff Goldblum say in the first Jurassic Park movie when the scientist attempted to control the dinosaur population by making them all one sex, something like "What you're attempting to do is impossible as life will find a way, crashing through boundaries violently" or something to this effect. No different here as the more TPTB dabble in the markets, the more violent the end price discovery will be. Every time some yahoos come to the conclusion that a commodity market is not functioning "properly" (i.e., the price is too high), a coordinated effort is undertaken to bitch slap the market and play the blame game by calling out the speculators.
What a gift for the rest of the world as they get to unload their USDs at a higher price and buy hard assets at reduced prices. All these morons have achieved is a temporary price drop by attempting to change the rules of the markets in the middle of the game. Maybe this last a week, a month, or even a year or two but in the end, when true price discovery occurs, the USA will find that it is even shorter than could ever be imagined with owning real assets and longer than could be contemplated with owning paper assets.
So for the time being, it looks like the push is on to own US debt first and stocks second, with ownership of everything else being "highly" discouraged by TPTB. This is beginning to look and smell familiar to the trends from 2008 through early 2010. With QE2 ending, capital needs to be flushed into US debt so on heavy debt auction weeks, there was a pattern (especially with gold) of beat downs of other asset classes to fund the US government. We'll see if this repeats but I remember issues with Dubai, Greece's initial debt problems, Ireland, etc. that all seemed to be leveraged to push capital out of "risk" into "safety". Isn't this ironic (or really the ultimate insult) as how anyone could think USD's and UST's are "safe" is beyond me but to be quite honest, I always expected the USD to have one last run based on prayers and hopes that it can retain its place as the reserve currency. If this is it, then over the next six months, I will view this as an opportunity to reload with real assets.
Imagine the money being made in these markets by those who know the plan -- Oh, wait a minute, no need to imagine, just look at the banksters trading profits. I'm sure some of their wives own offshore hedgefunds that are having a great year as well.
very dumb comments from tyler, ZH has come out in favor of position lomits on commodities for the big boys, and it makes no sense that people can run up the price of things with 5% down on futures contracts. deleveraging is good for the amerian finacial system at least now we aren't pretending speculators don't have a role.
I also want to add dollar was up big, as the macd histogram indicates. if it is all margin and position limits there should not be correlation, and stocks went down. this is just a silly histrionic post
the folks who are effected by this are the big hedge funds, big banks, trading perfect days every quarter. this syler post sounds like he is for the bankers, or is just insane and attempting to make noise. the complaints don't make sense.
we know hft and leverage cause flas crashes. so why would tyler advocate for things th site is against.
nonsense post!!
also, be smart and have your hedges ready, and we are at sell in may and go away plus near of at a temp market peak.
once more BS post.
very dumb comments from tyler, ZH has come out in favor of position lomits on commodities for the big boys, and it makes no sense that people can run up the price of things with 5% down on futures contracts. deleveraging is good for the amerian finacial system at least now we aren't pretending speculators don't have a role.
I also want to add dollar was up big, as the macd histogram indicates. if it is all margin and position limits there should not be correlation, and stocks went down. this is just a silly histrionic post
the folks who are effected by this are the big hedge funds, big banks, trading perfect days every quarter. this syler post sounds like he is for the bankers, or is just insane and attempting to make noise. the complaints don't make sense.
we know hft and leverage cause flas crashes. so why would tyler advocate for things th site is against.
nonsense post!!
also, be smart and have your hedges ready, and we are at sell in may and go away plus near of at a temp market peak.
once more BS post.
Spellcheck your posts you fucking bot.
Once again a great sale price if you stand for delivery. The Chinese must love our price control induced fire sales.
I'd participate myself if I had a place to store N fucking barrels of oil.
I bet Sprott is going to suck all the silver out of the Comex at bargain basement prices for his new fund.
Oil should be traded between producer and user. No more hedge fund shit with leverage. Unless you got a terminal or a rig get out! Prices would be a lot lower because there is too much oil out there.
Anybody who made a big bet on:
- Peak Oil
- James Turk's "Shocking Crash in the U.S. Dollar"
- General Jim's $1,650 or $1,764 target
- Gerald Celente's "Mad Max world of pissed off consumers"
Pretty much got decimated by Uncle Gorilla.
And there is more pain to come.
back from jackin off already?
Anybody who followed there advice and bought gold is doing ok.
And when TPTB press the reset button, all your paper profits will disappear .Poof!
And we ll all still have our gold.
Regards
Ozzy
+1
When?
Anyone who made a big bet when?
Because it seems to me that for all your sour grapes, gold is still right around $1500 and oil is quite high, muddling around $100.
And the dollar is quite down, I might add. It's barely hanging on above critical support, despite every effort being produced to force a "flight to quality".
but after the pain comes pleasure, a la 2008...
Bingo, give that man a cigar.
+1
The speculators will just add "Politicians pushing for CME margin hikes" in their variables. Not going to stop speculation one bit.
Eventually, they will push trading to foreign exchanges.... LOL
DATE: 2011-05-01
FROM: Blythe
TO: CME
Silver spot prices are to be fixed to 35$ at all costs. Our bots will support you in this measure.
--------
This is almost too easy. We know the range they picked. They made it clear what in the nearterm the bottom is, thus anyone who still needs more, now knows exactly when to buy.
You missed a decimal point, 3.50, LOL.
But.... but..... methman said it costs 5$ to dig it out of the ground!....... and you 4 days ago said it was going to 8...... AND 28....... and now 3.50
Bothsidesnow, you are very volatile.... you need margin hikes urgently.
euhm silver bitchez?
http://greencollective.nl/temp/silversnake.gif
Been hoardin' for 40 years but the sweetest addition to my stack was that last $50k I bought before my credit cards had that accident with the scissors ! "Hoarders have more fun !"....Monedas 2010 Comedy Jihad World Tour
It's impossible to control market forces more then a few days...a few weeks at the most.Wait until they bring the Nixon prices controls back...and when they were removed, oil shot up 300%.
BOOYAAAH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
CFTC = Treasonous Scum
Mission = Transfer American assets from American hands
Purpose = New American Slaves
Things could go badly very quickly for the US from now and I can forsee that the likes of CFTC will be among the chosen scapegoats for America's breakdown. As their masters give them one more mission. To be publicaly executed by angry mobs with pitchforks, tar and feathers.
Much easier to focus public anger on corrupt 'cops' than a wide variety of criminals. So while the CFTC are kowtowing licking boots sucking corporate dick using up all the KY and panting in excitement when their masters throw a bone or two.....in the end these dogs are gonna get whipped by their masters as well. Enjoy your future CFTC...their will be nobody taking your side.
i think congress is doing you guys a favor. Surely some deflationary bust is going to follow before hyperinflation sets in so I would rather not use to high leverage. Otherwise youll get wiped out before the fun even begins...
If silver gets back down to about $10/oz, I plan to re-wire my sound equipment with silver which is supposed to be a better conductor. I would also advise the use of cheap industrial metal to wire your home electrical, since silver is the best conductor of electricity
CME limits are for poor nonliquid people!