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As Dollar Poleaxing Continues, Silver Takes Off
As the dollar is getting its daily dose of poleaxing, the natural currency substitutes do their usual thing.
And some updated thoughts from FMX on the next steps for gold.
Gold Momentum Indicator Triggered. Breakout Imminent above $1412.00
Last week we stated that Gold was on our radar to trigger a move higher using our Trend-Vol system, possibly as high as 1550 within 8 weeks. The indicator combines implied, historical and Bollinger Band levels into an oscillator that generates volatility based risk-reward scenarios. Last week, we had to settle above 14.15 for the trigger to go off. It did not. But this week the number is 1412.
Each oval below was a trigger moment. We are at one of those now.
This week the market has to settle above 1412, which we are currently over. The alert is triggering. This is a weekly settlement price to be a true trigger, but we are not comfortable waiting for Friday’s settlement. We are also not interested in disobeying our own rules too much. So here is our compromise.
Here is what we are doing in our personal accounts:
1. Every day we settle above 1412 we are buying into 20% of our position with expectations of being fully “in” by Friday. (We prefer options)
2. If we settle under 1412 on any of these days, we won’t add
3. Consider decreasing or closing positions if we settle under 1412
4. The signal will be negated if we settle under 1412 for the week.
This system uses volatility to determine if a move will follow though. It tries to catch the moment when volatility is reversing. Expect to buy into strength if it is right. Buying dips is not a good sign.
If we get a settle above 1412 this week, there is a high likelihood of a strong follow through to the upside over the next month starting with an initial spike higher 2 weeks from now.
Once this week is over and if we have our full position on, our stop loss will be the previous week’s settlement area of 1409 settlement
Good Luck.
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C'Mon $35!!!!! I know you can do it...
I'm cheering Silver on to Infinity (in terms of dollars)
Is it true that Comex Ag takes delivery of you?
In communist UK, yes it is true
In Mexico, money rob you.
I would buy physical platinum now, as an alternative oil appreciation play, and a PM inflation play. Price has not run up like the other metals; much rarer occurance, and lower downside with much smaller market.
Imo anything like pt, pd, silver or oil that requires work to create and is then reused in industry is not a passive commodity; but the same as 'work' itself. They are a store of work, productivity, and value; so it's the same as buying a company that makes profits. That company must reinvest their capital back into work; and the corporate costs associated with replacing work means the actual costs to replace work get priced into and enhance the value of the physical commodity.
Any thoughts on where to get non physical exposure to platinum 66Sexy?
i've got an eye on PPLT.
SWC... the finest PGM deposit and mine in the Western Hemisphere. I am leery of ETFs that claim physical possesion. After all, it still a piece of paper, much like SWC, but at least with SWC, I know where the Pd and Pt is.
The human trafficking trade also has counter-party risk. They need clearing houses too you know.
If you are cheering Silver to infinity, it means you are jeering Uncle Scam into inevitable collapse, you know? Not a patriotic thing to do if you are an American. Think I'll stand aside to watch history in the making.
I am cheering silver to as high as possible until the federal reserve, politicians, and financial industry ceo's/boards stop their destruction of our currenncy and our nation . Is that better ?
You know, my thoughts on that are that it is more like jeering the current leadership into inevitable collapse. I, for one, am an advocate of this as my feelings towards our leaders have ranged from relatively unhappy to vein popping frustration for quite some time. If that means things get worse over here for a while, so be it. So long as I can wake up in the morning and see some hope for the future instead of staring into the abyss!
While you are standing around watching history take place... bernanke is robbing you blind...We lost our great nation years ago....There is no reset button absent a dollar collapse and potential revolt...The US as we know it has some major self inflicted wounds....no one is cheering for what we know Is inevitable... I would only hope that from her ashes we will once again regain what made our nation great.. Truly Free Markets, Repect for property rights and the rule of law, The death of political corectness, An end to corporate lobbying and special interests..There is still some hopium left in me... but things are going to get really ugly b4 they get better. Standing by and watching idly is a recipe for disaster. Prepare prepare prepare.....
Fuck Uncle Sam, and the horse he rode in on. I owe allegiance to NO government, least of all to one that is increasingly authoritarian, oppressive, and robbing its citizens blind for the benefit of a relative handful of well-connected sociopathic oligarchs.
As for your "patriotism", that word properly defined refers to the love of and devotion to one's nation, NOT one's government! I love my country, but I hate my government --- and all government in general, which institution is merely institutionalized coercion and force, and far and away the biggest blight on humanity since the dawn of civilization.
There are alternatives to Govt:
http://pixel420.com/pixel420/stateless/
+100
I give my allegiance to my country, not its government and certainly not its central bank.
The Problem we all will face at some point will be... that our Government is duely elected by "We the People"... thusly our fight with those idiots will become a fight against "We the People"... or so the Marines / Army / Navy could say (I dont mention the airforce becuase they miss 60% of what they aim at... I have a better chance of getting into a car accident than being hit after being targeted by them.
So, what kind of signature drive... with some type of credentials attached... do we start to oust these idiots?
Or, what other means do we have to prove popular support for the Monkey's driving the bus is no longer in place?
I am stuck. Honestly... Help anyone and all with Ideas??? Thanks in Advance!!!!!!!!!!
I would suggest a tax strike but one person on their own would just wind up in a jail cell. If there existed one place where one could place an ENCRYPTED registration, along with some sort of counter, reflecting the number of strikers, then once an amount of over 10 million registered, I think that there's not enough cells (even in the USA) to house all the strikers, especially when the guards start receiving IOUs in place of a paycheck!
Uncle Sam is heading to its inevitable collapse
just fine on its own. By preparing ones self for
this eventuality and being ready to pick up the
pieces is the most "patriotic" thing you can do.
The collapse is inevitable... sooner or later it will happen.
I'm not looking to Uncle Sam to save us. Only Jesus can save us now.
He was deported by the INS.
Daddy needs a new pair of cufflinks! And some Maples!
I think the Mint in Canada may be out of Maples... sorry, but good luck with those cufflinks.
Relax. My prediction of $40 in ~3 weeks will come to fruition.
Psychic delivery, bitchez!
You can't wait until Friday...so you pull trigger on Monday?
C'mon, can't you wait until Wednesday?
Schwing!
When zerohedge uploads this information i get nervous lol
Is it a top of silver?
Me too....but then I envisionage Ben flying a B-52 over NYC with a contrail of paper following it....and then I relax....there is a finite amount of silver and a limit on its production, but Ben is only bounded by paper and ink supplies, neither of which appear to be tight.
LMAO. Yep. I think the fundamentals will be in place for a while....
Quick, somebody call Meth Man!
doo-duh-deee....the phone number you have attempted to dial is no longer in service.
I think I saw a Ferrari crshing into a beach house this morning on my way to work...
Was Ben driving it?
Junk away, Meth Maggot, Johnny Butthole, Smelly Snails! Silver at $34, bitchez!
why the sudden drop in dollah last few days (not that I mind my silvah upppity uppity) ?
Yeah, why the drastic drop? Isn't dollar suppose to be a safe heaven when the world around is in chaos, like now? Looks like the light at the end of the tunnel is coming from a freight train!
Someone spending FRNs for Oil barrels, perhaps?
Either this week or at the end of next month silver is gonna blow everyone's mind away forever. Buy bitchez buy!
Buy the hump bitchez!!!
Not much of a hump, more like a friggen rocket. GPL is kicking major ass this am.
I don't consider the dollar being devalued until it drops below $70. Anything between $70-85 is just adjustments according to level of the stockmarket. It is almost too easy to predict. Dow hits 13000 = dollar at around $74. Dow hits 10000 = dollar at $80. When the dow gets back up to 14000 or more, the dollar should be around $71 to 73.
How do I figure in my predictions? It is easy. Capital goes from investment to safety depending on current economic conditions. Though lately it seems to be opposite (i.e. bad news unemployment = dow goes up). But it is a seesaw effect, when the dow is up the dollar is down and vice versa.
The dollar is being devalued against real things; I don't care what its value is against other fiat currency. I don't go to the store to buy euros, yen (which are also devaluing against real things); I go to buy food and gas and yes the dollar is being devalued.
+1
And that is the interesting part. If the dollar is being devalued in real terms, why isn't it showing up on the dollar index?
Any ideas?
because the dollar index -- the usdx -- is a trade-weighted basket of equally-meaningless fiat currencies.
there is no honest measure of the dollar-against-things aside from shadowstats' cpi measures.
fed delenda est.
Or the price of gold in dollars. That's usually a good indicator.
@ mick_richfield,
I now know it was you who wrote Fed delenda est! So now I can attribute properly in future posts. In the meantime:
Show us our Gold! FED delenda est!
Well, depends which other fiat currencies you look at.
Have a look at CHF (Swiss Franc) for the last year or so.
In fact CHF is so overvalued (due to its status as a safe currency and SNB's large physical gold holdings), that in a doomed attempt to keep the CHF competitive it shorted it and lost CHF 21 (~24 USD) billion in a few short months.
Even the value of the Swiss franc has undergone a steady decline since the 1930s, merely a slower decline than the US dollar, primarily due to its long-standing (but now defunct, thanks IMF armtwisting) implicit link to gold, severed in 2001.
The "US Dollar Index" is nothing but a tool for currency daytraders, and much more importantly in the last couple of years, a tool of disinformation and distraction used by TPTB to deflect attention away from the ongoing and accelerating depreciation of the dollar as measured against REAL goods and not other simultaneously depreciating fiat currencies.
"If the dollar is being devalued in real terms, why isn't it showing up on the dollar index?"
You're a "finance guru" and you're asking a question like this?
Dollar index compares dollar to other devaluing currencies. If they drop faster, dollar looks better, simple.
But it's all wothless paper ...or nearly worthless ...getting closer to worthless all the time.
Want a REAL dollar index?
We already have them. Grocery prices. Gas prices. Silver spot price. Gold spot price. Wheat spot price. Agricultural commodity spot prices. Metals spot prices. Ammo prices. Jack Daniels price. Crown Royal price. ANY physical commodity price ...EXCEPT housing of course, since housing is suffering from demand collapse.
Can u say joooooden fetzen?!
Fiat Power!
Paging Wynter Benton...
(is that the correct spelling?!)
May the rising price of silver expose the TBTF's for the fraud that they are.
FOAM Bitches!
(Friends of Andrew Maguire)
Everything is going vertical. Either up or down, but vertical.
As discussed many times here in various threads, it really is time to make your calls, literal and figurative. Choose a vehicle, a fence, a piece of land, a theology, a practise and stick to it.
Dollar death is clearly imminent. Weeks, a couple of months at most.
Big reset button being pushed. The sun/moon analogy for Au/Ag seems more clear every day to me. The moon is shining brighter as the darkness creeps closer.
Very fitting, at so many levels.
ORI
http://aadivaahan.wordpress.com/2011/02/27/the-fascinating-dr-chippalone/
You forgot to say "Bitchez!"
Thanks for taking care of that Harmonious! ;-)
ORI
No prob! Btw, Love your blog, keep 'em coming :)
Good to know harmonious. I fully intend to! :-)
ORI
Great thought, ORI! Like the analogy.
Thanks PY.
ORI
Dollar death is clearly imminent. Weeks, a couple of months at most.
I agree, BUT all these events we are witnessing, just a yr. or 2 ago would have caused a head spinning flight to safety that now barely a blip.
No other choice now but to keep turning the volume up on the meat grinder, keep rolling them dice, to buy just a little more time.
when will Karma visit these bastards?
It is all a part of the quickening Theta. The rate of disclosure is also quickening.
Soon, Wikidribble will left in the dust by some bolder competitor.
FleeceBook will get face-palmed as it is going to be seen as a political tool. Crash.
Censorship rises in equal force to meet accelerating disclosure.
Fun times, even if they are speeding away too quickly.
ORI
http://tycho.usno.navy.mil/cgi-bin/phase.gif
While I do have a few kilos of my own money is physical I still fail to be excited by this for two reasons:
The price is being driven by the lack of action from the WH.
There is unrest on Mongo. For two years Ming the Merciless ruled with an iron hand.
Now nothing. Is this a trap ?
Ming the Merciless != Obamatron the Feckless
The Iron Sheik has the USDX in the Camel Clutch.
Hulk Hogan wont be coming to the rescue in his stars and stripes tighties, as he's waiting at home in front of his terminal to see how many AG contracts stood for delivery.
Not sure I got all the references. Regardless, that is hilarious, imagery and language.
Thanks.
ORI
The Iron Sheik & Hulk Hogan were American pro wrestlers in the 1980's.
Please understand that American pro-wrestling is more theatrical than athletic.
Much like our political system is more theatrical than democratic.
Silver
The gift that keeps on giving.
http://www.zerohedge.com/forum/99er-charts-0
I just make my money on the a.m. gold fix. On the links by 9 a.m.
A.D. inna house
Stay down silver! I need one more week of your discount price so I can load up one more time...
ORI,
How do I get in contact with you about a business matter?
tide, you can reach me @
anadianant at squareandc.net
ORI
Honestly I'm wishing that the dollar strengthens and Silver crashes for my family and my own life sake. However unfortunately that is not going to happen. In that case I wish the dollar crashes soon and hard! This slow bleed into oblivian is killing us all! If it just crashed I could pick myself up and dust myself off and reboot!
Deer in the headlights.
Silver does take the elevator up.
WOW Blythe just got a purple nurple.
Ok, great strategy( sarcasm) buy high and then sell low?
Virgil says SELL. SELL EVERYTHING..or FACE DOOM. >) Today is an important day.. If the DOW Closes Red , the Bear is Back. & It's AOM.
Run silver run. Fuck you Jamie. Fuck you Ben. Fuck you Tim. I'm happy for PM's to run to whatever level it takes to take us out. I buy a little physical silver almost everyday. Its my drop in the bucket effort at peacefully taking down our system and the pricks that use it to abuse the majority.
+33.92
When people use terms like Poleaxing I know they are alive.
Cheers,
Zerohedge. Great data, writing, and analysis, as always.
Bernanke is filthy crook. When the machine guns fire in Saudi Arabia, we'll be at 150 smackeroonys.
What an optimist!
Silver is just a little tease under 34$
Rates look lower this monday than last.
That exodus from the dollar must be confused.
Bernanke and the DOW and Silver, OIL, AAPL, are all tied together.. It's all One Market. Time to bring it in for a Crash.
This thing is going down. Wars in the ME and Oil goes down. You have China and the Euro ready to tank together, guess where they will run to?
vc
July 26 puts are only 64c.... but will be worth more than $6 bucks in a few months when silver breaks $20.
It only costs $5 bucks to dig it out of the ground.
Meth Man, you make me laugh!
It's one thing to plumb the depths of ignorance, but you have taken a bathyscaphe straight to the very bottom of the abyss.
Please say "Hello" to Bernanke, Jon Nadler, and the crew of CNBC while you're down there.
t's one thing to plumb the depths of ignorance, but you have taken a bathyscaphe straight to the very bottom of the abyss.
LOL.
That's not trolling, that's trawling! He's like Jules Verne, 20 000 leagues down.
Hey!! I thought you where putting up tiki lanterns at your beach house today? You couldn't fit them in your Ferrari or what?
It was raining today, so I decided to buy some more puts instead.
I also like the April 25s for 11c.
No shortages + No JPM morgan short + $5/oz production costs = Silver below $20 by the summer.
Yep, you just keep chanting all that --- the short bus will be arriving any minute now.
Well when it rains, it pours, eh? I like your style Mr. Meth. Indeed you seem to not only have all the facts straight, but also your analysis is astounding and impressive to a degree unfathomable! No wonder you have it so good compered to the rest of the "little people"
And by the way, this is some take off you guys are so excited about.
From $33.50 to $33.85!
Holy shit! Silver moved up 1%
We better keep buying! It's going to the moon.
There is backwardation!
There can't be a top before a parabolic blow-off!
Never mind the 70% parabolic move in six months that is causing producers to start hedging for the first time in a few years and driving the futures market in to backwardation.
Silver was below $20 six months ago and will be back there by the summer.
Wow, I didn't realize that they had WiFi on the short bus!
Yup! Another great point!!! There is also absolutely NO geopolitical or socioeconomic uncertainty right now, so anyone would be stupid to hold metals. All's well at the beach house! Speaking of beach house, ever hear of coastal erosion?
Duh, nah nah nah, nuh nuh, nah nah, METH MAN!
http://www.youtube.com/watch?v=VSaDPc1Cs5U
We'll think about you in the poorhouse.
...actually we won't ...except laughing perhaps :)
http://online.wsj.com/article/BT-CO-20110228-702556.html
P.S. - Marc Faber will be on CNBS shortly
Somewhere, upon reading this, Jon Nadler just had an orgasm.
From the article:
"Tightening gold-bar trading would help to change people's habits and mobilise large amounts of idle funds, VNA said, citing the State Bank of Vietnam, the central bank"
Note: If you cant read an article from WSJ without a subscription just cut and paste the article heading in Google and more than likely you will be able to read it. Whether it is from WSJ or not.
Same article from asiaone from google searching the header:
http://www.asiaone.com/News/Latest%2BNews/Asia/Story/A1Story20110228-265778.html
Don't tell anybody! John Nadler is buying dollars now because there so cheap at the moment...
DIA AND SLV move tick by tick together. How does that happen? You actually supporting the bernank.. supplying liquidity to his Mkts. You in Bed with the benBernank, support ME oppression via inflation .
Just imagine what silver would do if the fucking pig-dogs where extinguished and not allowed to play thier dirty cards.
YOUR ALL JERKING IN BERNANKS CIRCLEJERK>> WAKE UP>
YOUR ALL JERKING IN BERNANKS CIRCLEJERK>> WAKE UP>
A must watch for SLV investors !!!!!!!!!!
For some reason the video sometimes starts at the end--- If that happens restart the video from the beginning as it is a must watch !
http://www.youtube.com/watch?v=_-dBQd16cvg
Scary !
Three,
B_I_N_G_O, ALL ETF's have an out w. exception of Sprotts, and Turks, and theirs is no picnic to get out either.
Bottom line, CEF of Canada,Perth, or physical ONLY.
The Gvt is going to get what ever they want, unless you HAVE possession.
Period.
Always someone out to screw the honest man.
The Master succeeded in diddling the close down pretty hard but the chart is now showing defiance as silver climbs back above 33.80 again.
FUBM!!!
fuck up and buy me
http://www.shtfplan.com/precious-metals/insider-report-us-government-will-confiscate-gold-when-it-touches-2000_02182011
For those who have not read this, may want to....sounds just like the sorry bastards.