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Futures Gap Down To Wednesday Levels As Silver Climb Relentless
Courtesy of endlessly trading and constantly front-run electronic markets, after watching the geopolitical carnage overnight with little reaction futures have suddenly gapped down by over 10 points to below Wednesday's closing levels, wiping out the levitation from both Thursday and Friday. Indicatively, as stocks finally appear mortal once again, silver (now a quarter away from $34) is up 11.63% from its Wednesday lows, and even gold is up 2.7%. The former traditionally takes a while to pick up momentum. Once it does, not even JPM can stop it.
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I smell a DIP!!!!
Dip or not, it's still cheap below 75$.
Been waiting for another dip after missing the pullback to $26-27. Couldn't stand the pain any longer and just bought some more. So you can be sure Ag will now start going down again!
you will be glad you got the physical. just don't sell until it's obvious that the manipulation is over, and pledge your deliveries at http://standfordelivery.com
Yay a dip, lets buy it.
But, we have a Recovery. Look at the Green Shoots.
Best of walstreetpro2 (greatest fuckin hits) - 1 of 3
http://www.youtube.com/watch?v=4k4xPUZRdC0
Best of walstreetpro2 (greatest fuckin hits) - 2 of 3
http://www.youtube.com/watch?v=LyE1GoPtLyI&feature=related
Best of walstreetpro2 (greatest fuckin hits) - 3 of 3
http://www.youtube.com/watch?v=Qd0m_bN2qdY&feature=related
.
Watch some kind of voo-doo levitate the SP futures to like 2 points plus before the end of the day. The markets must rise says the high priest of the money temple!
Silver bitchez!
What is the point of saying "silver bitchez" everytime a silver related article appears on ZH? How about something a bit more insightful, and worth reading?
Just own physical silver. There's not much more to wealth accumulation in this environment than that.
"Silver bitchez" is a most concise way of saying as much.
Gold Bitchez!!
Bitchez, Bitchez! As in, I am long hookers :)
Because the beauty of this site, imho, is comments range from the insightful, sarcastic, mundane, inane, etc. - where emotions run from teenage giddiness to outright heartbreak and loss. It's all there, and it's all good. It's Fight Club - bitchez...
And the best comments are the short ones (no, not that sort of short).
Maybe it's just fun. Have you ever done it? Let's all do it together: Silver bitchez!!!
Silver bells...
The fact that the equity market has rallied so much in the face of this much geo political instability, commodity increases, and margin squeeze is beyond me. When this pile of crap finally falls, it is not going to be pretty.
<< The fact that the equity market has rallied so much in the face of this much geo political instability, commodity increases, and margin squeeze is beyond me. >>
The [ not so ] invisible hand of the PPT. Alas, however, all good things come to an end, and no, General, it will not be pretty in the least.
...not that I am that smart or insightful, but after 40+ years of following and investing in the market and having worked for a short only hedge fund a decade ago, this market is surreal, our economy...likewise....and the usual bs flows from D.C....well at least that is a constant.
As the masked man (Lone Ranger) said : Hi-ho, Silver, AWAY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Geez, the PPT is off today for the holiday. They'll be at their desks Tuesday morning before the market opens.
Pity those PPT guys and gals that must be sweatin blood to keep the lid on this mess.
Was that a mini raid by Blythe? Give it up girl. How much more will Bennie and Timmah support JPM? All I ask is just one question from a Congressional panel to either of these two idiots: How much money is JPM in the (ass)hole?
i need more silver, ill ask blythe
Commercial Signal Failure BITCHEZ!
The article by trader dan on commercial signal failure is a must read.
http://traderdannorcini.blogspot.com/2011/02/what-is-commercial-signal-f...
Indeed--many thanks!
I do not like the complete silence from the white house, this worries me very much.
Am I missing something? Has Jay Carney had his baptism of fire yet?
I have an old T.V. and may have missed him.
Opening their mouths and flappin' their gums is almost as important as breathing to a Pol, guess they're havin' a tough time trying to find something good to say re: Mommar Kaddafi.
Poor Comex. Can you imagine how many investors will take delivery this week? I think James Turk said it best when he stated that it's not about price, it's about ownership now.
Just for fun, I think I'll go back and re-read some of last week's blogs from the FRN bulls explaining how the backwardation in the silver market really didn't mean that anything important was in the works.
The silver trolls do seem to be a bit scarce at the moment...
As an aside, while I am FRN bear and a hard asset/sound money/even Treasury Greenback bull, I take no pleasure today in the rise of silver and gold. No only is it coming on the back of real pain and suffering around the globe and at home, I really am only keeping up with the rise in oil (which is the ultimate commodity, but I can't take possession in the same way). I'd much rather not have BB printing money as a 'last bastion of failed economic policies and Banana Republics' (see QE2 bears). But, he will continue to print. Print us right over the cliff...
Who said "I like the smell of sith flesh burning"?
Hmm. Allow me to reflect upon this...
...Bernardo Gui ?
Nothing like a geopolitical "convulsion" to get the wildebeest herd running pell mell in a panic...
LOL...
That is a great pic Robot, well done.
And just to the right of the picture, out of view, there are a dozen very large Crocodiles.
Who know well enough to stay away for fear of getting trampled to death.
These lions weren't so smart: http://www.youtube.com/watch?v=LU8DDYz68kM
The one in the upper right looks like Harry
Princeton can use a guy like Silver
GM all. Well, yes, gold, silver ramping up, but I just keep buying every dip. My physical holdings are not for this year or next year but way down the road, miners, stocks a little different. This is really no change for most of us long term. The dollar is no safe haven and will eventually evaporate, so while we have some nice short term profits here, just swimming with the tide. I never sell my physical.
Think most stocks will decline tomorrow ex. miners. Buy AMZN CMG PCLN on the dip. LMAO> If you all would like I will make the call to Lloyd, Damie and Ben to ensure a green close tomorrow. :) Just let me know. Have a great day all.
But, no shorts.
Blythe rises from ashes, silver down to 33.5! BTFD lolz
And watch how the Longs are bending the Witch over and giving it to her good.
Immediate ramp up; moving thru 33.66 ... 33.70 .... 33.75. Already back to the day's high.
LMAO. Give it to her good.
Her reward is $34 silver.
Payback, bitchez.
And yes, I will be ready to short big when the time comes. Could be as early as tomorrow.
The key will be to watch how LULU, RL, PNRA, DECK react to this Libyan news.
So far, they have been bucked up even higher each time one of these Middle Eastern countries fall.
But maybe this time will be different.
I will be ready for either outcome.
Thank goodness, we were worried...
Yeah, do it on margin. Lots of margin.
When margin comes a-callin', be sure you have a high window you can jump out of.
You've got to be shitting me. Could you come up with 4 more inconsequential stocks? You might as well throw CROX into that list!
Yes, you will be ready with some backward-looking comment on some random stock selected simply to make some half-baked point. Can't wait!
actually, you'll be about ready for every eventuality as you were for silver at $26.50, gold at $1300 and wti at $85.
for all you claim to listen to the market you don't: you're programmed.
Well, he is a robot after all . . .
though i'm pretty damned happy with the forty oz. of silver i got off craigslist for 22 bucks an ounce on saturday, i didnt save any cash for smokes...
Get out!! $22 an ounce? I want some of that!! Just bought 40oz this morning (2 tubes), and I have to say I didn't pay $22 per. They wanted more, for some reason.
I'm now maxed out on my primary credit card. I've done my duty.
Make sure you buy your silver on a Chase credit card!
Fake or stolen, more than likely...
I've seen some silver bars for sale on craigslist stampd with the names of obscure refineries. Pass. I'd rather stick to reputable dealers.
At this point, Blyth Masters sounds like a great pornstar name. Don't you guys agree?
Vivid presents - Long John Silver featuring Blyth Masters in Take The Fuckin Dip
+1000
Almost. Make that Long Dong Silver. And if that's a new term to you, you need to watch more SNL reruns.
A spaghetti western themed porno titled "The long The Short and the Screwed" would be nice. In fact the witch might be hard up for work before long.
The subtle irony here is that if and when the discount rate plunges sub-zero, and the spigot is perforce summarily switched off, the reason cited will be that printing money was never their role in the economy.
Almost 34!!! 0.01 more!!!!
Silver about to bust through $34! Light the candle bitches, she's going orbital! http://www.youtube.com/watch?v=_HNnyPpWlSQ
Next stop: MARS!
Dow Futures
http://www.zerohedge.com/forum/99er-charts-0
33.94 $1.26 up from Friday's close. Still a lot of market left today as well.
Hmmm, funny thing - I can't get a price on my spreadbet companies on the US indices without telephoning for a price...
DavidC
Look at it go!
Oooh baby baby baby...LOL.
34 in T-minus....
hey, monopoly, are you the monopoly from sharkinvesting? can't keep up with you. smart to have left equities and focus on PM's.
And poof it's gone!!!! F$^(#$)^#( 34 BITCHEZ!@!!
Stocks are due to top out Friday,February 25,2011 based on the 164 day cycle they have been following the last 4 years. Also the pattern is textbook Bear Crab. SPX projects 950.
Silver will get hammered harder than anyone is expecting, starting Friday, or Monday. Gold has a 16 week cycle, and silver has an 18 week cycle. Both silver and gold should bottom in June. An explosive rally should occur after all the weak longs get taken out. Most would expect silver to hold the 200 dma or 200 ema,but again,weak longs will be taken out trying to bottom fish. Therefore I conclude silver will trade $23.00 before $40.00 and gold will trade $1040 before $1540.
I have been trading COMEX copper,silver, and gold since 1972 when silver was $2.00 and copper 33cents. I think it is very possible for a "system failure" Monday or Tuesday next week, where stops get filled three to five dollars lower than placed on silver.
I highly suggest trading SPOT SILVER and staying away from COMEX.
Man, you're smoking hash. I used to put a chunk on a pin stuck thru a paperback book cover, then cover it with a jar. Just light it up, let the jar get smokey, then tilt the jar and suck it all up sooooooooooosh!!! The problem is, after a while you get paranoid. That was in the '70's. Honestly, I don't do it anymore.
$23 before $40? Nah. Too much demand on the physical side. Too many people wanting in. While I would agree there might be a possible sell-off in a "risk-off" move, there's the very real possibility of the opposite. Fiat is getting trashed around the world. Any demand from scared investors will simply overwhelm physical supply. The PM markets are much smaller then the fiat markets.
2000 slv 35 calls soon will be in the money for me.
The Ewoks will be showing up at EE Comex to negotiate their premiums for cash settlement.
Oh..HarryWanger.....Where are you???,come out come out where ever you are.....
Your favourite food is on sale today.
sp only down 12 points...joke....
The Fed makes the rules.
Harry is a troll,,beyond any troll
Harry is not real. Harry is a caricature of a troll.
Harry Wanger is a symbol. He's a symbol of the harry wanger trying to get inside all of us but that we keep cock blocking. He's a symbol for the limitations of stupidity disease transmission.
POMOs must continue forever.
PPT must pump the markets.
Inflation does not exist.
All revolutions and natural disasters and manmade disasters are priced in.
All your base are belong to us.
First post just want to say thanks to all the posters
ffor the insight and enjoyment. Just wish i would have
been reading longer so i could have bought in earlier
And of course add my insight into the new diversification
pensions and 401k as stock holdings..gold and silver
for retirement/kids college...and a nice stack of FRn's
for the soon after crash :)
In gold we trust.
In silver we trust.
In fiat we... hmmm, we ain't got none of that fiat crap any more!